Source: United States Department of Defense (video statements)
@usarmy troops from the @2DStryker conduct a Table XII field artillery certification at Grafenwoehr Training Area in Germany. Platoon-level certifications keep soldiers current and ready to dominate in unified land operations.
For more on the Department of Defense, visit: http://www.defense.gov
Source: United Kingdom UK Parliament (video statements)
Prime Minister’s Question Time, also referred to as PMQs, takes place every Wednesday the House of Commons sits. It gives MPs the chance to put questions to the Prime Minister, Sir Keir Starmer MP, or a nominated minister.
In most cases, the session starts with a routine ‘open question’ from an MP about the Prime Minister’s engagements. MPs can then ask supplementary questions on any subject, often one of current political significance.
The Leader of the Opposition, Kemi Badenoch MP, asks six questions and the leader of the second largest opposition party asks two. If another minister takes the place of the Prime Minister, opposition parties will usually nominate a shadow minister to ask the questions.
Want to find out more about what’s happening in the House of Commons this week? Follow the House of Commons on:
Twitter: https://www.twitter.com/HouseofCommons
Facebook: https://www.facebook.com/ukhouseofcommons
Instagram: https://www.instagram.com/ukhouseofcommons
Source: United Kingdom UK Parliament (video statements)
Watch PMQs with British Sign Language (BSL) – https://youtube.com/live/glJrUv00d4Y
Prime Minister’s Question Time, also referred to as PMQs, takes place every Wednesday the House of Commons sits. It gives MPs the chance to put questions to the Prime Minister, Sir Keir Starmer MP, or a nominated minister.
In most cases, the session starts with a routine ‘open question’ from an MP about the Prime Minister’s engagements. MPs can then ask supplementary questions on any subject, often one of current political significance.
The Leader of the Opposition, Kemi Badenoch MP, asks six questions and the leader of the second largest opposition party asks two. If another minister takes the place of the Prime Minister, opposition parties will usually nominate a shadow minister to ask the questions.
Want to find out more about what’s happening in the House of Commons this week? Follow the House of Commons on:
Twitter: https://www.twitter.com/HouseofCommons
Facebook: https://www.facebook.com/ukhouseofcommons
Instagram: https://www.instagram.com/ukhouseofcommons
Source: United Kingdom – Executive Government & Departments
New Keep Britain Working Review report reveals an increase of 1.2 million young people with work limiting health conditions
Young people with mental health conditions are nearly five times more likely to be economically inactive compared to others in their age group, according to new analysis published today [Thursday 20 March] by the Keep Britain Working Review.
Statistics in the report also show around a quarter of those who are economically inactive due to ill-health are under the age of 35 – illustrating how early barriers are impacting many of those who may be beginning their work journey or developing.
The findings are part of the review’s Discovery Phase report, as former John Lewis boss Sir Charlie Mayfield examines the factors behind spiralling levels of inactivity, and how government and businesses can work together to tackle the issue.
The Keep Britain Working Review was announced as part of the Get Britain Working White Paper which set out the biggest employment reforms for a generation to get Britain working and unlock growth as part of the plan for change. It also includes plans for overhauling job centres, empowering mayors and local areas to tackle inactivity, and delivering a Youth Guarantee so all young people are either earning or learning
Today’s report sets out the economic inactivity challenges facing the UK and how this compares to other countries. It finds that:
There are 8.7 million people in the UK with a work-limiting health condition, up by 2.5 million (41 per cent) over the last decade, including 1.2 million 16 to 34-year-olds and 900,000 50 to 64-year-olds
These figures show young people (16 to 34-year-olds) with mental health conditions are 4.7 times more likely to be economically inactive than their cohort
Those who are out of work for less than a year are five times more likely to return to work compared to those who are out of work longer
The report also highlights the potential economic benefit of better prevention, retention and rapid rehabilitation: it finds that tackling sickness absence and ill-health related economic inactivity through these measures could be worth £150 billion a year to the economy.
Chair of the independent review, Sir Charlie Mayfield, said:
Our initial report published today confirms the scale of rising economic inactivity and what’s driving it. It underlines the urgency that we tackle this challenge by improving prevention and retention of those in work and by creating better pathways back into work for those who are economically inactive.
It’s a problem that can and must be addressed by government and employers together. Even at this initial stage of the review, we have found inspiring examples of employers making a difference that’s literally life changing for some people. We need more of these on a greater scale and, in the next stages of the review, we will be engaging with many organisations to establish how that can be achieved.
Secretary of State for Work and Pensions, Liz Kendall, said:
We must do far more to help people stay in work and get back quickly if they fall out. That’s why, as part of the reforms in our Pathways to Work Green Paper and our Plan for Change, we are making a decisive shift towards prevention and early intervention.
We want to help more employers to offer opportunities for disabled people, including through measures such as reasonable adjustments, and we are consulting on reforming Access to Work so it is fit for the future.
I want to thank Sir Charlie for this report. It shows the potential for what government and employers can do together to create healthier, more inclusive workplaces, so we build on the great work some businesses are already doing.
Separate research also suggests that if the UK could reduce the number of young people who are not in education, employment or training by a third, to match Germany’s rate, UK GDP could increase by 1.8% in the long-term (equivalent to £38 billion) – underpinning why health and disability reform to get Britain working is central to unlocking growth and delivering on the Plan for Change.
The government has already hit the ground running on prevention to address the mental health challenges young people are facing and ensure they get the treatment they need. This includes investing £26 billion in the NHS, including in mental health services and recruiting an additional 8,500 mental health workers across child and adult services to reduce delays and provide faster treatment.
We have already helped almost 70,000 people with mental health issues back into employment last year as part of the expansion of the Talking Therapies programme, up more than 60% on the year before and we are continuing to expand the programmes so more people can benefit from treatment.
The report sets out the main areas for the next stage of engagement – where in the coming months written submissions and face-to-face engagements with businesses and stakeholders will gather evidence to develop recommendations to come in Autumn.
The government has also put in place measures to make work pay and more secure, to help keep more people in work and support employers with retention.
This includes through the Employment Rights Bill which will strengthen workers’ rights protections, including expanding Statutory Sick Pay to 1.3 million of the lowest earners who previously received nothing, ensuring employees have the right to payments from the first day they are ill – so no one has to choose between their health or staying in work.
We are also increasing the National Living Wage from April, benefiting 3 million of the lowest paid full-time workers by up to £2,500 and introducing a Youth Guarantee to ensure every young person is either learning or earning.
This Discovery report comes as the Work and Pensions Secretary set out the largest welfare reforms for a generation this week to help those sick and disabled people who can work into jobs – backed by £1 billion investment.
This includes consulting on delaying access to the health top up in Universal Credit until someone is aged 22, with savings reinvested into work support and training opportunities through the Youth Guarantee.
These range of measures also include scrapping the controversial Work Capability Assessment that drives people into dependency and introducing the biggest package of new employment support including an early support conversation to stop an inactivity spiral.
The new measures are designed to ensure a welfare system that is fit for purpose and available for future generations – opening up employment opportunities, boosting economic growth and tackling the spiralling benefits bill, while also ensuring those who cannot work get the support, they need as part of the government’s Plan for Change.
This will end years of inaction, which has led to one in eight young people not currently in work, education or training and 2.8 million people economically inactive due to long term sickness – one of the highest rates in the G7.
All this has driven the spiralling benefits bill, forecast to reach £70 billion a year of spending on health and disability benefits for working age people by the end of the decade, or more than £1 billion a week.
Published 20 March 2025
Source: GlobeNewswire (MIL-OSI)
Equinor ASA (OSE: EQNR, NYSE: EQNR) publishes annual report for 2024, including financial and sustainability reporting.
“2024 was marked by continued unpredictability in energy markets, with growing energy demand, political uncertainty and uneven progress in the energy transition. Our focus is on producing the energy the world needs today, and at the same time developing the energy systems needed for the future,” says Anders Opedal, President and CEO of Equinor ASA.
Safety
“A systematic approach to safety over time is paying off with the best safety results to date in 2024. However, the year was marked by the fatal search and rescue (SAR) helicopter accident where we lost a dear colleague. We believe close collaboration with suppliers and shared learning in the industry is important for our continued safety improvement effort”, says Opedal.
The twelve-month average Serious Incident Frequency (SIF) for 2024 was 0.3, down from 0.4 in 2023.
Strong operational and financial performance
Equinor delivered adjusted operating income* of USD 29.8 billion, and adjusted net income* of USD 9.18. Net operating income was reported at USD 30.9 billion and net income at USD 8.83 billion.
“Our operational performance was strong, built on the dedicated efforts from employees across the company. Our role as a major supplier of energy to Europe is important and I am proud of the work we have done to provide energy security”, says Opedal.
Strong operational performance across the portfolio contributed to an equity production of liquids and gas of 2,067 mboe per day in 2024, on par with the year before. Equity production of renewable power increased by 51% to 2,935 GWh.
Strong financial result contributed to a return on average capital employed (RoACE)* at 21% for 2024. Capital discipline remained firm with organic capital expenditures* ending at USD 12.1 billion for the year. Equinor maintained a strong balance sheet with net debt to capital employed adjusted* of 11.9% at the end of 2024.
The strong financial results of 2024 also led to strong contributions to society through taxes. In 2024, Equinor paid USD 20.6 billion in corporate income taxes of which USD 19.7 billion was paid in Norway, where Equinor has the largest share of its operations and earnings.
Firm strategy and progressing industrial development
“We have a consistent growth strategy, and our strategic direction remains firm. By adapting to market situation and opportunities, we are positioned for stronger free cash flow and growth, and set to create shareholder value for decades to come”, Opedal continues.
Through progressing projects and portfolio shaping transactions Equinor spent 2024 high-grading the portfolio and positioning for stronger growth and cash flow.
On the Norwegian continental shelf, the development of the portfolio continued with 39 new licences and approvals of the PDOs of Eirin, Irpa, Verdande and Andvare projects. The Johan Castberg FPSO arrived at the field and started preparations for startup.
The international upstream portfolio was focused with the exits from our long-standing positions in Nigeria and Azerbaijan and deepened in core areas with the acquisitions of US Onshore gas assets close to premium markets. In the UK an agreement was signed to establish an incorporated joint venture with Shell UK Ltd., which will become the largest independent oil and gas company on the UK continental shelf.
Through 2024 Equinor high-graded the renewables portfolio to ensure profitable growth, in a market challenged by cost inflation and regulatory delays. In the UK the world’s largest offshore wind farm, Dogger Bank, continued to progress towards commercial start-up. Production was commenced at the Mendubim solar plants in Brazil.
The long-term view on the importance of offshore wind remains firm. Through an acquisition of a 10% stake in Ørsted, Equinor got exposure to a premium portfolio of offshore wind projects and assets in operation.
Value chains for carbon transport and storage progressed notably. In Norway, Northern Lights, the first commercial CO2 transport and storage infrastructure was completed and is expected to receive and store CO2 in 2025. In the UK, execution started for two of UK’s first carbon capture and storage infrastructure projects where Equinor is a partner.
Progress on the Energy transition plan
In 2024, Equinor achieved a year-on-year reduction of 5% in operated scope 1+2 greenhouse gas emissions, bringing the total down to 11.0 million tonnes CO2 equivalents. This is a 34% reduction from 2015, which is the reference year for Equinor’s ambition to reduce group-wide operated emissions by 50% on a net basis by 2030. Throughout 2024, actions were taken for further emission reductions with the partial electrification of the Sleipner field center, the Gudrun platform, as well as the Troll B and C fields.
The average upstream CO2 intensity of Equinor’s operated portfolio was 6.2 kg of CO2 per boe in 2024 (100% basis), an improvement from 6.7kg of CO2/boe in 2023 and well below the industry average. The scope 3 GHG emissions from use of our products were 251 million tonnes in 2024, on par with the level in 2023.
Equinor improved in the net carbon intensity of energy produced (including scope 1, 2 and 3 emissions) in 2024, which is now 2% below the 2019 baseline. The reduction was mainly driven by increased renewable energy production and lower scope 1+2 emissions.
Equinor ambition is to to be a leading company in the energy transition. The updated Energy Transition Plan, published on March 20 2025, outlines the approach to deliver on Equinor’s strategy of creating value in the transition, while adjusting to changing external context and market realities.
***
The previously announced decision of the French Energy Regulatory Commission (CRE), includes a requirement for Equinor to publish the following summary language:
“Les sociétés Danske Commodities A/S et Equinor ASA ont été condamnées, par une décision n° 08-40-23 de la Commission de régulation de l’énergie (CRE) du 20 janvier 2025, au titre de la méconnaissance de l’article 5 du règlement REMIT qui prohibe les manipulations de marché, au paiement de sanctions pécuniaires, dont les montants s’élèvent à huit millions d’euros (8.000.000 €) pour la société Danske Commodities A/S et quatre millions d’euros (4.000.000 €) pour la société Equinor ASA, pour des manipulations commises sur le marché de gros en 2019 et en 2020, en ce qui concerne les capacités de transport de gaz naturel entre la France et l’Espagne.
Danske Commodities A/S and Equinor ASA were ordered by decision no. 08-40-23 of Commission de régulation de l’énergie (CRE) of 20 January 2025 to pay – for infringement of Article 5 of REMIT Regulation prohibiting market manipulations – financial penalties in the amount of eight million euros (€8,000,000) as regards Danske Commodities A/S and four million euros (€4,000,000) as regards Equinor ASA, for manipulations committed on the wholesale market in 2019 and 2020, with regard to natural gas transmission capacity between France and Spain.”
The full decision is included in the attached appendix “Full decision text”. Equinor does not agree with the decision from CRE and will appeal the case to the Higher Administrative Court in France.
* * *
Our annual report and the subsidiary reports published separately can be downloaded from equinor.com/reports.
* * *
In accordance with Section 203.01 of the New York Stock Exchange Listed Company Manual, Equinor ASA announces that on 20 March 2025 it filed with the Securities and Exchange Commission its 2024 Annual Report on Form 20-F that includes audited financial statements for the year ended December 31, 2024.
The Equinor 2024 Annual Report on Form 20-F may be downloaded from Equinor’s website at www.equinor.com. References to this document or other documents on Equinor’s website are included as an aid to their location and are not incorporated by reference into this document. All SEC filings made available electronically by Equinor may be obtained from the SEC’s website at www.sec.gov.
Shareholders may also request a hard copy of the annual report free of charge at www.equinor.com.
* * *
(*) These are non-GAAP figures. See Use and reconciliation of non-GAAP financial measures in the annual report for more details.
Further information:
Investor relations
Bård Glad Pedersen, senior vice president Investor Relations,
+47 51 99 00 00
Press
Rikke Høistad Sjøberg, media spokesperson financial communication,
+47 901 01 451(mobile)
* * *
Cautionary Note regarding Forward Looking Statements
This press release contains forward-looking statements. Forward-looking statements reflect current views with respect to future events, are based on the management’s current expectations and assumptions, and are, by their nature, subject to significant risks and uncertainties because they relate to events and depend on circumstances that will occur in the future. There are a number of factors that could cause actual results and developments to differ materially from those expressed or implied by the forward-looking statements, including those discussed under “Risk Factors” in the 2024 Annual report and elsewhere in Equinor’s publications. You should not place undue reliance on forward-looking statements. Any forward-looking statement speaks only as of the date on which such statement is made, and, except as required by applicable law, Equinor undertakes no obligation to update any of these statements, whether to make them conform to actual results, changes in expectations or otherwise.
* * *
This information is subject to disclosure obligations pursuant to the EU Market Abuse Regulation, ref. section 3-1 in the Norwegian Securities Trading Act, and section 5-12 of the Norwegian Securities Trading Act.
Attachments
Source: World Health Organisation
Today, during the annual Partnership for Healthy Cities Summit in Paris, three cities were recognized for their achievements in preventing noncommunicable diseases and injuries: Córdoba, Argentina; Fortaleza, Brazil; and Greater Manchester, United Kingdom of Great Britain and Northern Ireland. The Summit, co-hosted by Bloomberg Philanthropies, the World Health Organization (WHO), Vital Strategies, and the City of Paris, convened mayors and officials from 61 cities in the Partnership for Healthy Cities network to address pressing public health issues and share effective strategies for saving lives and building healthier communities at the local level.
“Noncommunicable diseases, including heart disease, cancer, and diabetes, and injuries are responsible for more than 80% of all deaths globally, but the good news is, they are preventable,” said Michael R. Bloomberg, founder of Bloomberg L.P. and Bloomberg Philanthropies, WHO Global Ambassador for Noncommunicable Diseases and Injuries, and 108th mayor of New York City. “Cities are leading the way in implementing policies that are protecting public health and saving lives. This year’s winning cities are proving that progress is possible with strong leadership and political will, and we look forward to seeing the results of their efforts.”
The recipients of the 2025 Partnership for Healthy Cities Awards were chosen because they have made demonstrable progress in preventing noncommunicable diseases and injuries, setting an example that can be replicated in other jurisdictions.
All three winning cities are part of the Partnership’s Policy Accelerator, which provides training and support for drafting policies and establishing the political strategies needed to develop and enact them. These cities are working with the Partnership to improve public health in the following ways:
“Cities are at the forefront of the fight against noncommunicable diseases and injuries. The progress made in Córdoba, Fortaleza, and Greater Manchester is not only improving health today but also setting a model for others to follow,” said WHO Director-General Dr Tedros Adhanom Ghebreyesus. “WHO is committed to working with cities to build healthier, safer and more resilient communities for all.”
“Local leadership has emerged as a powerful force for addressing the complex challenges presented by noncommunicable diseases and injuries,” said Dr Mary-Ann Etiebet, President and CEO, Vital Strategies. “We applaud the work of city leaders around the globe in their efforts to create healthier, safer environments for their populations. Their efforts are having a significant impact on people’s lives and well-being, while also demonstrating to national governments that there is significant support for these policy solutions.”
Launched in 2017, the Partnership for Healthy Cities is a global network of 74 cities working to prevent noncommunicable diseases and injuries. Supported by Bloomberg Philanthropies, in partnership with the World Health Organization and Vital Strategies, this initiative empowers cities worldwide to implement high-impact policy or programmatic interventions to reduce noncommunicable diseases and injuries in their communities. Through this network, city leaders are enacting transformative measures to improve the health of 300 million people across the globe.
The mayors participating in the Partnership for Healthy Cities Summit include:
About Bloomberg Philanthropies
Bloomberg Philanthropies invests in 700 cities and 150 countries around the world to ensure better, longer lives for the greatest number of people. The organization focuses on creating lasting change in five key areas: the arts, education, environment, government innovation, and public health. Bloomberg Philanthropies encompasses all of Michael R. Bloomberg’s giving, including his foundation, corporate, and personal philanthropy as well as Bloomberg Associates, a philanthropic consultancy that advises cities around the world. In 2024, Bloomberg Philanthropies distributed US$ 3.7 billion. For more information, please visit bloomberg.org, sign up for ournewsletter, or follow us onInstagram,LinkedIn,YouTube,Threads,Facebook, and X.
About the World Health Organization
Dedicated to the well-being of all people and guided by science, the World Health Organization leads and champions global efforts to give everyone, everywhere an equal chance at a safe and healthy life. We are the UN agency for health that connects nations, partners and people on the front lines in 150+ locations – leading the world’s response to health emergencies, preventing disease, addressing the root causes of health issues and expanding access to medicines and health care. Our mission is to promote health, keep the world safe and serve the vulnerable. For more information, visit www.who.int and follow WHO on Twitter, Facebook, Instagram, LinkedIn, TikTok, Pinterest, YouTube.
About Vital Strategies
Vital Strategies believes every person should be protected by an equitable and effective public health system. We partner with governments, communities and organizations around the world to reimagine public health so that health is supported in all the places we live, work and play. The result is millions of people living longer, healthier lives. To find out more, please visit www.vitalstrategies.org or follow us on LinkedIn.
Media Contacts
Veronica Lewin, Bloomberg Philanthropies, veronical@bloomberg.org
Erin Pallotta, Allison Worldwide, bloomberghealth@allisonworldwide.com
Jaimie Guerra, World Health Organization, guerraja@who.int
Christina Honeysett, Vital Strategies, choneysett@vitalstrategies.org
Source: GlobeNewswire (MIL-OSI)
Diversified Energy Company PLC (LSE: DEC) (NYSE: DEC) (“Diversified” or the “Company”), an independent energy company focused on natural gas and liquids production, transportation, marketing and well retirement, today announces that it has mandated DNB Markets, a part of DNB Bank ASA, as Sole Bookrunner to arrange a series of fixed income investor calls commencing March 24, 2025. Following such fixed-income investor calls, the Company intends to commence an offering of four-year US$ denominated senior secured notes, subject inter alia to market conditions (the “Contemplated Bond Offering”).
The Company intends to use the net proceeds from the Contemplated Bond Offering to repay existing debt and for general corporate purposes.
The Contemplated Bond Offering, if issued, will be offered in the United States or its territories only to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the “U.S. Securities Act”). The Contemplated Bond Offering, if issued, will not be registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. This press release shall not constitute or form a part of any offer to sell or the solicitation of an offer to buy any securities of Diversified, nor shall it constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful, and is being issued in the United States pursuant to and in accordance with Rule 135c under the Securities Act.
For further information, please contact:
| Diversified Energy Company PLC | +1 973 856 2757 |
| Doug Kris | dkris@dgoc.com |
| Senior Vice President, Investor Relations & Corporate Communications | |
| FTI Consulting | dec@fticonsulting.com |
| U.S. & UK Financial Public Relations | |
About Diversified
Diversified is a leading publicly traded energy company focused on natural gas and liquids production, transport, marketing, and well retirement. Through our unique differentiated strategy, we acquire existing, long-life assets and invest in them to improve environmental and operational performance until retiring those assets in a safe and environmentally secure manner. Recognized by ratings agencies and organizations for our sustainability leadership, this solutions-oriented, stewardship approach makes Diversified the Right Company at the Right Time to responsibly produce energy, deliver reliable free cash flow, and generate shareholder value.
Forward-Looking Statements
This announcement contains forward-looking statements (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995) concerning Diversified and the Contemplated Bond Offering. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. These forward-looking statements reflect Diversified’s beliefs and expectations, are based on numerous assumptions regarding Diversified’s present and future business strategies and are subject to risks and uncertainties that may cause actual results to differ materially. No representation is made that any of these statements will come to pass. Forward-looking statements involve inherent known and unknown risks, uncertainties and contingencies because they relate to events and depend on circumstances that may or may not occur in the future and may cause the actual results to be materially different from those expressed or implied by such forward looking statements. Many of these risks and uncertainties relate to factors that are beyond Diversified’s ability to control or estimate precisely. Factors that may cause actual results to differ materially from the forward-looking statements contained in this announcement include the risk factors described in the “Risk Factors” section in Diversified’s Annual Report and Form 20-F for the year ended December 31, 2024 filed with the U.S. Securities and Exchange Commission. Forward-looking statements speak only as of their date and neither Diversified nor any of its directors, officers, employees, agents, affiliates or advisers expressly disclaim any obligation to supplement, amend, update or revise any of the forward-looking statements made herein, except where it would be required to do so under applicable law. You are cautioned not to place undue reliance on such forward-looking statements.
Important Notice to UK and EU Investors
This announcement is directed at and is only being distributed to persons: (a) if in member states of the European Economic Area, “qualified investors” within the meaning of Article 2(e) of Regulation (EU) 2017/1129 (the “Prospectus Regulation”) (“Qualified Investors“); or (b) if in the United Kingdom, “qualified investors” within the meaning of Article 2(e) of the UK version of Regulation (EU) 2017/1129 as it forms part of UK law by virtue of the European Union (Withdrawal) Act 2018, who are (i) persons who fall within the definition of “investment professionals” in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the “Order“), or (ii) persons who fall within Article 49(2)(a) to (d) of the Order; or (c) persons to whom they may otherwise lawfully be communicated (each such person above, a “Relevant Person“). No other person should act or rely on this announcement and persons distributing this announcement must satisfy themselves that it is lawful to do so. This announcement must not be acted on or relied on by persons who are not Relevant Persons, if in the United Kingdom, or Qualified Investors, if in a member state of the EEA. Any investment or investment activity to which this announcement or the the Contemplated Bond Offering relates is available only to Relevant Persons, if in the United Kingdom, and Qualified Investors, if in a member state of the EEA, and will be engaged in only with Relevant Persons, if in the United Kingdom, and Qualified Investors, if in a member state of the EEA.
Source: GlobeNewswire (MIL-OSI)
On March 19, 2025 IPOPEMA, a leading independent investment bank in Poland, announced the initiation of equity research coverage (sponsored) on Šiaulių Bankas with a “Buy” rating and a target price of EUR 1.20 per share. This target price represents a compelling 28% upside potential over the bank’s current market valuation.
IPOPEMA’s analysis highlights Šiaulių Bankas’s distinct market position, serving clients across the size spectrum while strategically focusing on the underserved SME segment. This niche is often overlooked by larger, risk-averse institutions. The robust Lithuanian macroeconomic environment is expected to drive strong volume growth across all sectors. While the bank’s ongoing rebranding and implementation of a new software platform may result in a temporary decline in net profit this year due to strategic investments and falling interest rates, these initiatives are expected to fuel long-term growth.
IPOPEMA is a leading independent investment bank in Poland, providing a wide range of financial services, including investment banking, brokerage and asset management. With a strong track record in capital market transactions and a commitment to delivering value to its clients, IPOPEMA is a trusted partner for international companies accessing Polish investors as well as global Emerging Market investors.
“We welcome IPOPEMA’s initiation of research coverage and are very excited about it. As we continue to strengthen our investor engagement, we believe their renowned expertise in the CEE Banking sector will provide invaluable insights and analysis, significantly benefiting our existing and potential investors,” says Tomas Varenbergas, Head of Investment Management Division at Šiaulių Bankas.
Šiaulių Bankas is also covered by Enlight Research, Erste Group, Norne Securities, Swedbank and WOOD & Company. The research reports are available to investors on Šiaulių Bankas’ website.
If you would like to receive Šiaulių Bankas news for investors directly to your inbox, subscribe to our newsletter.
Important Notice:
IPOPEMA reports are prepared on behalf of Šiaulių Bankas and based on publicly available information. Reports are published for informational purposes only and do not constitute, and shall not be deemed to constitute, an investment recommendation to buy, sell or enter into any other transactions in respect of the shares of Šiaulių Bankas. The information provided may not form the basis of any subsequent transaction. Investors themselves are responsible for making investment decisions based on the information published.
Additional information:
Tomas Varenbergas
Head of Investment Management Division
tomas.varenbergas@sb.lt
Source: GlobeNewswire (MIL-OSI)
SAN JOSE, Calif., March 20, 2025 (GLOBE NEWSWIRE) — Zscaler, Inc. (NASDAQ: ZS), the leader in cloud security, today released the ThreatLabz 2025 AI Security Report, based on insights from more than 536 billion AI transactions processed between February 2024 to December 2024 in the Zscaler Zero Trust Exchange™platform, the largest in-line security cloud, which discovered real-world threat scenarios ranging from AI-enhanced phishing to fake AI platforms. This report also explores recent developments in areas that will undoubtedly influence AI in 2025 and beyond, including agentic AI, the emergence of DeepSeek, and the evolving regulatory landscape.
The report reveals a 3,000+% year-over-year growth in enterprise use of AI/ML tools, highlighting the rapid adoption of AI technologies across industries to unlock new levels of productivity, efficiency, and innovation. Enterprises are sending significant volumes of data to AI tools, totaling 3,624 TB, underscoring the extent to which these technologies are integrated into operations. However, this surge in adoption also brings heightened security concerns. Enterprises blocked 59.9% of all AI/ML transactions, signaling enterprise awareness around the potential risks associated with AI/ML tools, including data leakage, unauthorized access, and compliance violations. Threat actors are also increasingly leveraging AI to amplify the sophistication, speed, and impact of attacks—forcing enterprises to rethink their security strategies.
“As AI transforms industries, it also creates new and unforeseen security challenges,” said Deepen Desai, Chief Security Officer at Zscaler. “Data is the gold for AI innovation, but it must be handled securely. The Zscaler Zero Trust Exchange platform, powered by AI with over 500 trillion daily signals, provides real-time insights into threats, data, and access patterns—ensuring organizations can harness AI’s transformative capabilities while mitigating its risks. Zero Trust Everywhere is the key to staying ahead in the rapidly evolving threat landscape as cybercriminals look to leverage AI in scaling their attacks.”
Key Insights from the ThreatLabz 2025 AI Security Report
ChatGPT Dominates AI/ML Transactions, But Security Concerns Remain
ChatGPT emerged as the most widely used AI/ML application, driving 45.2% of identified global AI/ML transactions in the Zscaler Zero Trust Exchange. However, it was also the most-blocked tool due to enterprises’ growing concerns over sensitive data exposure and unsanctioned use. Other most-blocked applications include Grammarly, Microsoft Copilot, QuillBot, and Wordtune, showing broad usage patterns for AI-enhanced content creation and productivity improvements.
“We had no visibility into ChatGPT. Zscaler was our key solution initially to help us understand who was going to it and what they were uploading.”
—Jason Koler, CISO, Eaton Corporation | See the video case study
DeepSeek and Agentic AI: Innovation Meets Escalating Threats
AI is amplifying cyber risks, with usage of agentic AI and China’s open-source DeepSeek enabling threat actors to scale attacks. So far in 2025, we’ve seen DeepSeek challenge American giants like OpenAI, Anthropic, and Meta, disrupting AI development with strong performance, open access, and low costs. However, such advancements also introduce significant security risks.
Geographies Leading AI Adoption: US and India
The United States and India generated the highest AI/ML transaction volumes, representing the global shift toward AI-driven innovation. However, these changes aren’t occurring in a vacuum, and organizations in these and other geographies are grappling with increasing challenges like stringent compliance requirements, high implementation costs, and shortage of skilled talent.
Finance & Insurance Lead Enterprise AI Traffic by Industry
The Finance & Insurance sector accounted for 28.4% of all enterprise AI/ML activity, reflecting its widespread adoption, and indicative of the critical functions supported by the industry, such as fraud detection, risk modeling, and customer service automation. Manufacturing was second, accounting for 21.6% of transactions, likely driven by innovations in supply chain optimization and robotics automation. Additional sectors, including Services (18.5%), Technology (10.1%), and Healthcare (9.6%), are also increasing their reliance on AI, while each industry also faces unique security and regulatory challenges posing new risks and possibly impacting the overall rate of adoption.
The Zscaler AI Advantage
Built on a true zero trust architecture, Zscaler delivers Zero Trust Everywhere, securing user, workload, IoT/OT communication using business policies, not network policies. Zscaler mitigates AI-powered threats by hiding applications and IP addresses from attackers, inspecting all traffic for threats, and ensuring users access only authorized applications—never full networks. This approach minimizes the attack surface, prevents lateral movement, and stops threats before they can cause harm. Zscaler protects its users against today’s most sophisticated AI-driven threats by implementing the following:
Download the Full ThreatLabz 2025 AI Security Report
Download the full version of the 2025 AI Security Report here for more information about real-world threat scenarios, AI predictions, insights into AI regulations, and AI best practices.
Methodology
Analysis of 536.5 billion total AI and ML transactions in the Zscaler cloud from February 2024 to December 2024. The Zscaler global security cloud processes over 500 trillion daily signals and blocks 9 billion threats and policy violations per day, delivering over 250,000 daily security updates.
About ThreatLabz
ThreatLabz is the security research arm of Zscaler. This world-class team is responsible for hunting new threats and ensuring that the thousands of organizations using the global Zscaler platform are always protected. In addition to malware research and behavioral analysis, team members are involved in the research and development of new prototype modules for advanced threat protection on the Zscaler platform, and regularly conduct internal security audits to ensure that Zscaler products and infrastructure meet security compliance standards. ThreatLabz regularly publishes in-depth analyses of new and emerging threats on its portal, research.zscaler.com.
About Zscaler
Zscaler (NASDAQ: ZS) accelerates digital transformation so customers can be more agile, efficient, resilient, and secure. The Zscaler Zero Trust Exchange™ platform protects thousands of customers from cyberattacks and data loss by securely connecting users, devices, and applications in any location. Distributed across more than 150 data centers globally, the SASE-based Zero Trust Exchange™ is the world’s largest in-line cloud security platform.
Media Contact
Natalia Wodecki
press@zscaler.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/9c2bf5d3-5720-4db8-bf1f-a9675f48840e
The global economy stands at a crossroads, balancing trade policy uncertainty and geopolitical tensions against easing price pressures. The latter is supporting a revival in domestic demand and providing central banks with room for potential rate cuts. Against this backdrop, GlobalData, a leading data and analytics company, reports a slight drop in the GlobalData Country Risk Index (GCRI) from 55.6 in Q3 2024 to 55.0 in Q4 2024.
GlobalData’s latest, “Global Risk Report Quarterly Update – Q4 2024,” highlights that the Americas and the Middle East and Africa (MEA) face high risk scores due to economic instability and geopolitical conflicts. The Asia-Pacific region, while risky, has a lower score than the Americas and MEA, buoyed by strong growth in emerging economies. In contrast, Europe is the least risky region, benefiting from a solid economic recovery and improved investment sentiment.
Annapurna Pillutla, Economic Analyst at GlobalData, comments: “Global economic growth is projected to reach 3.1% in 2024, slightly down from 3.3% in 2023, reflecting both resilience and ongoing challenges. While the US economy continues to expand steadily, China’s real estate turmoil and potential US tariff hikes present key risks. Inflation remains above central bank targets in some regions, adding to the economic uncertainty. Growth in 2025 is expected to follow a similar trajectory, constrained by geopolitical tensions and policy unpredictability.”
The Trump administration’s proposed tariffs are likely to disrupt the global supply chains and raise business costs. By 2025, these measures could reduce production efficiency and alter trade patterns as companies face higher prices for imported goods and raw materials.
Europe – Steady recovery amid persistent challenges
Europe continues to be the world’s least-risk region, with its risk score improving slightly from 41.4 in Q3 2024 to 41.0 in Q4 2024. The region’s economic recovery is marked by a gradual decline in inflation, improved labor markets, and supportive policy rate cuts by the ECB. However, geopolitical tensions, particularly involving Russia and Ukraine, along with political shifts to the far right, an aging population and labor shortages, present ongoing challenges. In the Q4 2024 GCRI update, Switzerland, Denmark, and Ireland were identified as the least risky countries, while Ukraine, Turkiye, and Belarus, faced the highest risks.
Asia-Pacific – Resilience amidst geopolitical challenges
The Asia-Pacific region’s risk score decreased from 54.0 in Q3 2024 to 53.4 in Q4 2024, indicating ongoing economic recovery. Projected to account for more than half of global growth in 2025, the region benefits from strong domestic demand and increased exports. However, risks persist due to geopolitical tensions in the South China Sea and economic slowdown in China. China’s stimulus measures may offset some impact of US tariffs, while easing inflation and resilient consumption in other emerging economies improve the outlook. Strong growth prospects in Vietnam, the Philippines, and Indonesia further enhance regional stability.
In the Q4 2024 GCRI update, the highest-risk countries included Pakistan, Myanmar, and Bangladesh. Conversely, the countries with the lowest risk were Singapore, Taiwan (Province of China), and Hong Kong (China SAR).
Americas – Risk decline amid economic gains and political shifts
Americas’ risk score decreased slightly from 57.0 in Q3 2024 to 56.6 in Q4 2024, reflecting benefits from policy rate cuts and strong consumer spending, particularly in the US. However, high US debt and fiscal challenges in Latin America persist, alongside political instability marked by protests and governance issues. Donald Trump’s return to the presidency adds to the region’s volatility, potentially affecting economic strategies and stability.
In the Q4 2024 GCRI update, Canada, the US, and Costa Rica were the least risky, while Haiti, Venezuela, and Argentina remained the highest-risk nations.
MEA – Persistent risks amid geopolitical tensions
The MEA regions risk score slightly decreased from 66.3 in Q3 2024 to 65.4 in Q4 2024, driven by growth in the non-oil sector. However, ongoing geopolitical conflicts, particularly in the Middle East, and humanitarian crises continue to pose significant challenges. Africa faces rising debt and natural disasters, exacerbating food insecurity and displacement. In the Q4 2024 GCRI update, Yemen, Syria, and Burundi were among the highest-risk nations globally, highlighting the region’s persistent instability.
Pillutla concludes: “Geopolitical tensions, trade disruptions, and market volatility present significant challenges for both policymakers and investors. To effectively manage these risks, a sophisticated approach is necessary, emphasizing adaptation and diversification.”
About GlobalData
4,000 of the world’s largest companies, including over 70% of FTSE 100 and 60% of Fortune 100 companies, make more timely and better business decisions thanks to GlobalData’s unique data, expert analysis, and innovative solutions, all in one platform. GlobalData’s mission is to help our clients decode the future to be more successful and innovative across a range of industries, including the healthcare, consumer, retail, financial, technology, and professional services sectors.
Source: China State Council Information Office
David Doninotti, secretary general of the Italian Association of Foreign Trade, speaks during a roadshow of the third China International Supply Chain Expo (CISCE) in Milan, Italy, on March 18, 2025. [Photo/Xinhua]
A roadshow of the third China International Supply Chain Expo (CISCE) was held Tuesday in Milan, Italy, with bilateral cooperation highlighted and cooperation agreements signed.
More than 200 representatives from trade and investment promotion institutions, business associations and enterprises of China and Italy participated in the event.
Ren Hongbin, chairman of the China Council for the Promotion of International Trade (CCPIT), noted the steady progress achieved in bilateral cooperation since the establishment of diplomatic relations between China and Italy 55 years ago.
Ren also urged further collaboration in traditional sectors while expanding partnerships in emerging fields such as electric vehicles, artificial intelligence, and the digital economy.
The Italian representatives emphasized the strong bilateral relations between Italy and China. Amid increasing geopolitical challenges and global economic uncertainties, they expect platforms like CISCE to help foster closer supply chain cooperation, contributing to the long-term development of China-Italy and China-Europe economic and trade relations.
The third CISCE, scheduled on July 16-20 in Beijing, is expected to focus on supply chains of advanced manufacturing, clean energy, smart vehicles, digital technology, healthy life and green agriculture.
Source: GlobeNewswire (MIL-OSI)
MARC ROSSITER STEPS DOWN AS PRESIDENT, CEO, AND DIRECTOR
PREET DHINDSA NAMED INTERIM CEO
REAFFIRMS 2025 OUTLOOK AND CONCURRENTLY ANNOUNCES EXPANSION OF DIRECT SHAREHOLDER RETURNS
CALGARY, Alberta, March 19, 2025 (GLOBE NEWSWIRE) — Enerflex Ltd. (TSX: EFX) (NYSE: EFXT) (“Enerflex” or the “Company”) today announced that Marc Rossiter has stepped down as President, CEO, and Director, effective immediately.
Preet Dhindsa, Enerflex’s current Senior Vice President and CFO, will serve as Interim Chief Executive Officer. Mr. Dhindsa joined Enerflex in October 2023 and is a seasoned executive with more than 25 years of experience, primarily in the energy and financial services industries.
Joe Ladouceur, Vice President Treasury, Tax & Insurance, will serve as Interim CFO.
The Board is undertaking a comprehensive search to identify the Company’s next CEO and has retained a leading executive search firm to assist with this process.
Kevin Reinhart, Chair of the Board of Directors, stated, “As we look to the future and position Enerflex to create shareholder value over the long-term, the Board decided that now is the right time to undertake a leadership transition. We thank Marc for his more than 25 years of dedicated service and commitment to Enerflex, including the last six years as CEO, and wish him the best in his future endeavors.”
Mr. Rossiter said, “Leading Enerflex has been a true privilege, and I’m incredibly proud of all that we’ve accomplished together to propel the business forward over the past six years. Thanks to the dedication of a talented team, Enerflex is well-positioned to build on its positive momentum and I believe the Company has a bright future.”
Mr. Reinhart added, “Preet has been instrumental in Enerflex’s efforts to “Simplify, Optimize, and Grow” and we are fortunate to have him serve as Interim Chief Executive Officer. With the support and collaboration of a deep bench of executive talent, we are confident in Preet’s ability to lead Enerflex in this interim period as we complete our search for a permanent CEO.
Enerflex’s near-term priorities remain unchanged and include: (1) enhancing the profitability of core operations; (2) leveraging the Company’s leading position in core operating countries to capitalize on expected increases in natural gas and produced water volumes; and (3) maximizing free cash flow to further strengthen Enerflex’s financial position, provide direct shareholder returns, and invest in selective customer supported growth opportunities.”
Mr. Dhindsa commented, “I am excited to continue working closely with the Board, management, and our colleagues across the Company. Our focus remains on generating sustainable free cash flow, further improving balance sheet health, and positioning the Company for long-term growth and value creation. With the Company operating within its target leverage range, Enerflex is positioned to increase direct shareholder returns, as reflected by (1) the previously announced 50% increase of the Company’s quarterly dividend and (2) today’s concurrent announcement of the Company’s intention to implement a normal course issuer bid.”
OUTLOOK
All amounts presented are in U.S. Dollars (“USD”) unless otherwise stated.
Enerflex is reaffirming its outlook for 2025, which reflects:
About Preet Dhindsa
Since joining Enerflex, Preet has spearheaded several corporate initiatives including improving balance sheet health and enhancing the global finance function. Prior to joining Enerflex, Preet served as Executive Vice President and Chief Financial Officer at ENMAX Corporation, a regulated utility with energy generation and retail lines of business. Prior thereto, Preet was Senior Vice President and Chief Financial Officer, Global Banking & Markets (GBM), at Scotiabank, leading international finance teams. Preet began his career as a professional accountant with KPMG and holds a Bachelor of Science degree in Mathematics & Statistics from Western University and a Graduate Diploma in Accounting from Wilfrid Laurier University. Preet is a Chartered Professional Accountant and Chartered Director.
About Joe Ladouceur
Prior to joining Enerflex, Joe served as President and CEO of Platinum Energy Services Ltd. until he successfully managed its sale in 2022. With over 30 years of experience in the finance and energy industries, Joe has held numerous executive leadership roles with Canadian E&P, energy services, and equipment fabrication companies. He began his career with Royal Bank of Canada and RBC Dominion Securities, where he was involved in corporate banking and global energy projects. Joe holds an Honors Business Administration degree with a major in finance from the Ivey Business School in London, Ontario, a Master of Business Administration from KU Leuven in Belgium, and an Honorary Fellowship from St. Mary’s University in Calgary.
ADVISORY REGARDING FORWARD-LOOKING INFORMATION
This news release contains “forward-looking information” within the meaning of applicable Canadian securities laws and “forward-looking statements” (and together with “forward-looking information”, “FLI”) within the meaning of the safe harbor provisions of the US Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are FLI. The use of any of the words “anticipate”, “believe”, “could”, “estimate”, “expect”, “future”, “intend”, “may”, “plan”, “potential”, “predict”, “should”, “will” and similar expressions, (including negatives thereof) are intended to identify FLI.
In particular, this news release includes (without limitation) forward-looking information and statements pertaining to:
FLI reflects management’s current beliefs and assumptions with respect to such things as the impact of general economic conditions; commodity prices; the markets in which Enerflex’s products and services are used; general industry conditions, forecasts, and trends; changes to, and introduction of new, governmental regulations, laws, and income taxes; increased competition; availability of qualified personnel; political unrest and geopolitical conditions; and other factors, many of which are beyond the control of Enerflex. More specifically, Enerflex’s expectations in respect of its FLI are based on a number of assumptions, estimates and projections developed based on past experience and anticipated trends, including but not limited to:
As a result of the foregoing, actual results, performance, or achievements of Enerflex could differ and such differences could be material from those expressed in, or implied by, the FLI. The principal risks, uncertainties and other factors affecting Enerflex and its business are identified under the heading “Risk Factors” in: (i) Enerflex’s Annual Information Form for the year ended December 31, 2024, dated February 27, 2025; and (ii) Enerflex’s Annual Report dated February 26, 2025, copies of which are available under the electronic profile of the Company on SEDAR+ and EDGAR at www.sedarplus.ca and www.sec.gov/edgar, respectively.
The FLI included in this news release are made as of the date of this news release and are based on the information available to the Company at such time and, other than as required by law, Enerflex disclaims any intention or obligation to update or revise any FLI, whether as a result of new information, future events, or otherwise. This news release and its contents should not be construed, under any circumstances, as investment, tax, or legal advice.
The outlook provided in this news release is based on assumptions about future events, including economic conditions and proposed courses of action, based on Management’s assessment of the relevant information currently available. The outlook is based on the same assumptions and risk factors set forth above and is based on the Company’s historical results of operations. The outlook set forth in this news release was approved by Management and the Board of Directors. Management believes that the prospective financial information set forth in this news release has been prepared on a reasonable basis, reflecting Management’s best estimates and judgments, and represents the Company’s expected course of action in developing and executing its business strategy relating to its business operations. The prospective financial information set forth in this news release should not be relied on as necessarily indicative of future results. Actual results may vary, and such variance may be material.
ABOUT ENERFLEX
Enerflex is a premier integrated global provider of energy infrastructure and energy transition solutions, deploying natural gas, low-carbon, and treated water solutions – from individual, modularized products and services to integrated custom solutions. With over 4,600 engineers, manufacturers, technicians, and innovators, Enerflex is bound together by a shared vision: Transforming Energy for a Sustainable Future. The Company remains committed to the future of natural gas and the critical role it plays, while focused on sustainability offerings to support the energy transition and growing decarbonization efforts.
Enerflex’s common shares trade on the Toronto Stock Exchange under the symbol “EFX” and on the New York Stock Exchange under the symbol “EFXT”. For more information about Enerflex, visit www.enerflex.com.
For investor and media enquiries, contact:
Preet S. Dhindsa
Interim Chief Executive Officer
E-mail: PDhindsa@enerflex.com
Jeff Fetterly
Vice President, Corporate Development and Capital Markets
E-mail: JFetterly@enerflex.com
Source: Samsung
To introduce the Galaxy S25 series to the world, Samsung Electronics launched a series of bold and immersive marketing campaigns across key markets — each designed to showcase the flagship lineup’s AI-powered next-generation capabilities. From an interactive watercraft experience in Australia and a metro station rebrand in Chile to a laser show in Malaysia and an esports tournament in India, these activations brought the Galaxy S25 experience directly to consumers through dynamic and engaging events.
Samsung Newsroom explores some of the standout campaigns that marked the arrival of the Galaxy S25 series worldwide.
[Australia] Elevating Morning Commutes With the Galaxy Go Fleet
In Australia, Samsung launched the Galaxy Go Fleet — a fleet of custom-branded watercraft that transformed daily commutes across Sydney Harbour and the Brisbane River into an interactive Galaxy S25 experience. Passengers on board had the opportunity to test key Galaxy AI features, including Now Brief and Audio Eraser, and experienced firsthand how the Galaxy S25 series helps them start and navigate their day with ease.
[Peru] Introducing the Galaxy AI Train on Lima Metro’s Line 1
View this post on Instagram
A post shared by Samsung Perú (@samsungpe)
Samsung Peru became the first tech company in Peru to rebrand a metro train by introducing the Galaxy AI Train on Lima Metro’s Line 1, a key transportation route serving over 500,000 passengers daily. In celebration of the Galaxy S25 series launch, passengers received exclusive metro cards and promotional goods — further enriching their unique transportation experience.
[Chile] Transforming Tobalaba Metro Station and Illuminating Santiago’s Night Sky
Samsung Chile made its mark in Santiago with two high-profile activations to celebrate the launch of the Galaxy S25 series. Tobalaba Metro Station, one of the city’s busiest transit hubs, was officially renamed “Galaxy AI” — immersing daily commuters in the Galaxy S25 experience.
The celebrations continued with a spectacular drone light show where over 300 drones illuminated Santiago’s night sky with stunning visual arrangements alluding to Galaxy AI and the Galaxy S25 series. The synchronized performance mesmerized spectators, turning the city skyline into a dazzling tribute to Samsung’s latest mobile innovations.
[United States] Bringing Stunt Action to the Oscars With Galaxy AI
In the U.S., Samsung celebrated the Galaxy S25 Ultra during the 2025 Oscars with two high-energy ads featuring stunt performers — developed in collaboration with Disney Advertising, ArtClass Content, Empire Stunts, Kimmelot, Maximum Effort, More Media and Really Original. The campaign highlighted the Galaxy S25 Ultra’s advanced AI-powered video-editing capabilities such as Audio Eraser, a feature that removes unwanted background noise. By demonstrating how Galaxy AI enhances both professional filmmaking and everyday content creation, the initiative put stunt professionals in the spotlight — recognizing their contributions to the industry while showcasing Samsung’s state-of-the-art mobile technology.
[United Kingdom] Celebrating Everyday Moments With a Personal Touch
View this post on Instagram
A post shared by Samsung UK (@samsunguk)
Samsung U.K. embraced a more personal approach by highlighting how the Galaxy S25 Ultra enhances daily life. Through engaging social media content created in collaboration with Anaïs Gallagher and Molly Moorish-Gallagher, Samsung demonstrated the Auto Trim feature, which allows users to effortlessly edit their favorite video clips and even generate highlight reels. Additionally, the campaign illustrated how the Galaxy S25 Ultra, through the Now Brief feature, integrates itself into users’ bedtime routines by providing personalized updates and content — thereby helping them wind down more easily after a busy evening.
[Malaysia] Lighting Up Kuala Lumpur With Fireworks and Laser Beams
Samsung Malaysia celebrated the arrival of the Galaxy S25 series with spectacular fireworks and a laser show over the Merdeka 118 tower. In addition, Samsung hosted the Edit & Win contest — inviting participants to creatively edit a fireworks image using Galaxy AI’s many tools for a chance to win a Galaxy S25 Ultra.
[Brazil] Capturing São Paulo From the Sky With the Galaxy S25 Ultra
In Brazil, Samsung launched a unique experience at Sampa Sky, São Paulo’s highest observation deck accessible to the public. Suspended 150 meters above ground level, visitors had the opportunity to capture breathtaking views of the city skyline with unparalleled clarity and detail using the Galaxy S25 Ultra’s 200MP main camera and AI-enhanced 100x space zoom. The campaign also showcased Galaxy AI’s advanced editing tools, demonstrating how users can seamlessly refine and enhance their shots.
[Italy] Pushing the Galaxy S25 Ultra to the Limit in the Dolomites
Samsung Italy hosted the Galaxy Wintercamp in the Dolomites where nine athletes and creators spent three days pushing the Galaxy S25 Ultra to its limits in extreme alpine conditions. Participants used Now Brief to optimize their planning and employed the device’s 200MP camera and AI-enhanced photography tools to capture breathtaking ski descents, tricks and ice performances.
[India] Taking Center Stage at the #PlayGalaxy Cup
In India, Samsung hosted the third edition of the #PlayGalaxy Cup — one of the biggest esports events in the country. The tournament saw India’s top gamers compete against one another using the Galaxy S25 Ultra, allowing them to experience the device’s advanced display, next-level processing power and AI-driven gaming enhancements firsthand. Streamed live, the competition demonstrated how the Galaxy S25 series is designed to meet the demands of high-intensity gameplay while delivering a smooth, immersive experience.
[Thailand] Bringing Star Power to the Launch in Bangkok
Samsung Thailand celebrated the Galaxy S25 series launch with the Galaxy S25 | Here AI am Music Fest, a high-energy event featuring celebrities, influencers and fan activities. Attendees enjoyed interactive games with #TeamGalaxy stars and tested the latest Galaxy AI features. The night culminated in a blue carpet walk and an AI-powered concert where Galaxy AI helped curate the show with a blend of music, technology and entertainment.
Source: The Conversation (Au and NZ) – By David Smith, Associate Professor in American Politics and Foreign Policy, US Studies Centre, University of Sydney
US President Donald Trump has exploited American nationalism as effectively as anyone in living memory. What sets him apart is his use of national humiliation as a political emotion. Any presidential candidate can talk their country up, but Trump knows how to talk his country down.
Trump’s consistent message has been that American problems – trade deficits, job losses, illegal immigration, crime and even drug addiction – are the result of deliberate acts by other countries. The really humiliating part is that American politicians let it happen.
Many Americans have welcomed Trump’s message that their country’s problems can be solved by reestablishing international dominance. They see this nationalist approach as an overdue corrective to the “globalist” foreign policies of the post-second world war era.
But people in other countries also have feelings of national pride and aspire to be free from foreign domination. This should be obvious, but so far Trump is ignoring the power of nationalism in other countries even as he harnesses it in his own. This makes his foreign policy job a lot harder.
Take the example of Canada.
When Trump was elected to his second term in November 2024, it seemed certain there would soon be a Canadian prime minister who was more aligned with him than Justin Trudeau. Trudeau’s unpopularity had dragged the Liberal Party down, and the populist Conservative leader Pierre Poilievre looked set to win the this year’s election.
As he prepared for a trade war with Canada, Trump could have concentrated his fire on his enemies in the doomed Liberal government. Instead, he spent months insulting Canada’s national identity. He repeatedly said Canada should be the “51st state of the US”, calling Trudeau “governor”.
Americans can dismiss Trump’s talk of annexing Canada as a joke, but Canadians can’t. Regardless of whether Trump would ever follow through with attempting an annexation, his language is an attack on Canadian sovereignty. No one with any sense of national pride would tolerate it.
An Angus Reid poll found the number of people saying they had a “deep emotional attachment” to Canada rose from 49% to 59% from December 2024 to February 2025. That emotional attachment is visible in everything from “buy Canadian” campaigns to Canadians booing the US national anthem at hockey games.
The Liberals, under new leader Mark Carney, are also experiencing a remarkable bounce-back in the polls.
Another Angus Reid poll shows that voting intention for the Liberals has surged from 16% in December to 42% now. They are now leading the Conservatives, who have 37% support. Some are now anticipating a snap election could be called in days.
Ontario Premier Doug Ford, who has sometimes been likened to Trump, has also led a ferocious pro-Canadian resistance to American tariffs, getting his own re-election boost.
Trump’s defenders often claim his chaotic bluster is simply a negotiating tactic, a way of spooking others into accepting terms more favourable to him. If so, this tactic is backfiring in Canada.
Trade wars require sacrifices. Citizens must pay more for the sake of protecting their countries’ industries. Canadians seem a lot more willing to make that sacrifice than Americans, who are mostly confused that their friendly neighbour has suddenly been recast as an enemy.
Other countries have shown they will not cave easily, either, as Trump puts their national identity at stake.
Demanding to buy another country’s territory, as Trump keeps doing with Greenland, a self-governing territory under Danish control, may be even more insulting than threatening to take it, as he keeps doing with Panama. Each time Greenlanders, Danes and Panamanians refuse Trump, his credibility erodes further.
Trump talks about the territory of other countries in terms of “real estate”, even suggesting the United States should “redevelop” Gaza after evicting the Palestinians.
But sovereign land is not real estate. In a world of nation-states defined by territory, even sparsely inhabited territory has “sacred value”. This is particularly true for peoples seeking statehood on their land.
“Sacred values” are things people see as non-negotiable because they are linked to their sense of identity and moral order in the world. Researchers warn that offering money in exchange for sacred values is deeply offensive, and likely to harm, rather than help, negotiations.
There is a reason why governments hardly ever sell their territory to other countries anymore. Empires may have done in this in the past, but not nations. They view their lands, and the people who live on them, as inalienable from the nation.
Trump clearly doesn’t understand this concept. He has shown no empathy for Ukraine, a country whose territory actually has been invaded. He accused Ukrainian President Volodomyr Zelenskyy of wanting to prolong the war so he could “keep the gravy train going”, as if harvesting US aid dollars was the real reason Ukrainians were fighting for their country’s existence.
Trump’s contempt for Ukraine, Canada, Greenland, Gaza, Denmark and Panama has reverberations far beyond these places. It signals that his brand of American nationalism has no place for anyone else’s national aspirations or sovereignty.
This will not promote the deal-making Trump wants because no one trusts an unstable, imperial power to stick to its agreements. It would be painful for many countries to reduce their dependence on the United States, but it would be more painful to give away their national dignity.
David Smith does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.
– ref. Trump is ignoring the power of nationalism at his own peril – https://theconversation.com/trump-is-ignoring-the-power-of-nationalism-at-his-own-peril-252299
Source: China State Council Information Office
Germany on Wednesday delivered 32 trucks to the Jordan Hashemite Charity Organization (JHCO) to join its convoy for aid delivery to Gaza.
JHCO Secretary-General Hussein Shibli thanked Germany for its continued support, emphasizing the importance of international solidarity in delivering aid to those in urgent need.
The German Embassy in Jordan, at the handover ceremony, said the Jordanian humanitarian corridor is a “lifeline” for Gaza and its residents, who are in dire need of assistance.
Due to its strategic geographical position, Jordan has been playing a key role in facilitating the flow of aid into the besieged enclave.
Additionally, the Jordan Armed Forces’ Royal Medical Services Directorate received the seventh batch of German medical aid, including treatments and equipment. German Ambassador Bertram von Moltke said Germany has supplied Jordanian field hospitals in Gaza with approximately 16 tonnes of medical supplies since 2023.
Source: China State Council Information Office
Israel on Wednesday expressed “sorrow” over the death of a Bulgarian United Nations staff member in strikes on UN guesthouses in Gaza’s Deir al-Balah but said an initial investigation found no Israeli involvement in the incident.
The United Nations said the staffer, employed by the UN Office for Project Services (UNOPS), was killed when two UN facilities were hit. Five other personnel sustained serious injuries.
Israeli Foreign Ministry spokesperson Oren Marmorstein said a preliminary inquiry “found no connection” between Israeli military operations and the strike.
“The circumstances of the incident are being investigated,” he said, adding that Israel facilitated the evacuation of the victim’s body and the wounded from the site.
The injured would receive treatment in Israeli hospitals, he said in a post on social media platform X.
UN Secretary-General Antonio Guterres condemned the attack as a violation of international law. “All UN premises’ locations are known to parties to the conflict, who are obligated to protect them,” a UN spokesperson said in a statement.
Guterres extended condolences to the victim’s family, noting that the death brought the number of UN staff killed in Gaza since Oct. 7, 2023 to at least 280.
“These premises were well known by the Israel Defense Forces (IDF) and they were ‘deconflicted’,” UNOPS chief Jorge Moreira da Silva said, adding that it was clear UN personnel were inside at the time.
“This was not an accident, this was an incident,” he told reporters, saying additional information was being gathered.
Earlier on Wednesday, the Israeli military denied targeting the compounds. “Contrary to reports, the IDF did not target a UN facility in Deir al-Balah,” it said in a statement.
The incident occurred as Israel renewed military operations in Gaza, which officials say are aimed at Hamas militants. Gaza health authorities reported more than 400 Palestinian deaths since Tuesday, including at least 170 children and 80 women, after Israel resumed strikes following a weeks-long ceasefire that began on Jan. 19.
Israel’s military said the operations were intended to “eliminate Hamas threats” and would continue “until strategic objectives are achieved.”
Source: GlobeNewswire (MIL-OSI)
Strasbourg and Düsseldorf, March 20, 2025
Crédit Mutuel Alliance Fédérale expands in Germany with the acquisition of OLB, making TARGOBANK a universal bancassurer
Crédit Mutuel Alliance Fédérale has reached a major milestone in the development of its banking and insurance model in Europe with the signature of an agreement to acquire 100% of German bank Oldenburgische Landesbank (OLB) via its subsidiary TARGO Deutschland GmbH (TARGOBANK).
This transaction, on a scale not seen since the acquisition of Citibank in Germany in 2008 (renamed TARGOBANK), demonstrates the solidity and ambitions of Crédit Mutuel Alliance Fédérale. Already present in Germany, the mutual banking group is strengthening its foothold in Europe’s largest economy.
This move accelerates TARGOBANK’s path to becoming a universal bancassurance player in Germany, following the model of its parent company. The consolidated group will become the tenth largest bank in Germany in terms of assets, with a comprehensive offering in corporate financing serving Mittelstand companies and in retail banking.
The estimated impact of the transaction is -115 basis points on Crédit Mutuel Alliance Fédérale’s CET1. This transaction is subject to the approval of the regulatory authorities, in particular the European Central Bank (ECB) and the competition authorities.
Germany, the mutual banking group’s second-largest domestic market
Crédit Mutuel Alliance Fédérale aims to become a leading bancassurer in Europe. While it was the fifth largest banking group and tenth largest insurer in France in 2024, the group already generated 20% of its revenues internationally.
Germany is the group’s second-largest domestic market, where it operates through several of its subsidiaries, in particular TARGOBANK, ACM Deutschland, and CIC. Thanks to its financial solidity, operating performance and technological edge, the group has major advantages to enable it to succeed in this consolidating market.
OLB, a leading bank in Germany
Founded in Lower Saxony, one of Germany’s largest states, where it has a strong foothold, OLB is a universal bank with operations throughout Germany. Thanks to an effective strategy of sustained growth over the past ten years, it serves one million customers. With more than €30 billion in assets, it is one of the leading financial institutions in Germany.
OLB is active in two buoyant markets. It offers strong expertise in private banking and wealth management, providing a full range of banking and insurance services to individuals and professionals. It also stands out for its expertise in corporate financing (corporate, commercial real estate) and business acquisitions (LBO and acquisition finance).
Togetherness Performance Solidarity: a successfully launched plan in its second year
After the first year of the Togetherness, Performance, Solidarity strategic plan which closed with very high 2024 results for Crédit Mutuel Alliance Fédérale, 2025 marks a major turning point for the mutual banking group.
TARGOBANK’s acquisition of OLB will enable it to significantly amplify its transformation as a universal bancassurer in Germany, complementing the launch of ACM Deutschland’s commercial activities in the second half of 2025. In addition to offering rapid growth prospects for its retail mortgage lending business, TARGOBANK will be able to strengthen its position in the SME and mid-cap markets (Mittelstand companies), in wealth management and specialized financing, with the potential for synergies in revenue and cost efficiency for the medium term.
With this transaction, TARGOBANK becomes the tenth largest bank in Germany. The consolidated group serves 4.8 million customers with total balance sheet of €79 billion.
“The acquisition of OLB, marks a major milestone for Crédit Mutuel Alliance Fédérale, fully aligned with its strategic plan Togetherness Performance Solidarity. We have the ambition to expand our activities in Europe, and specifically in Germany, largest European economy. With our subsidiaries TARGOBANK, which will integrate OLB, and ACM Deutschland, we are committed to become a bancassurer across the Rhine” said Daniel Baal, Chairman of Crédit Mutuel Alliance Fédérale:
“Our group’s history shows that it has the ability to successfully complete external growth transactions, in particular those of CIC, and, more recently, TARGOBANK and Cofidis. This strategic investment reflects our determination to become a leading bancassurer in Europe by integrating the resources and values of OLB into TARGOBANK. We are building for the long run.” added Éric Petitgand, Chief Executive Officer of Crédit Mutuel Alliance Fédérale.
“This acquisition marks a decisive step in Crédit Mutuel Alliance Fédérale’s development in Germany. The respective and complementary expertise of TARGOBANK and OLB’s employees will enable us to significantly speed up our transformation as a universal bancassurer in the strategic German market. There is significant business and customer growth potential among individuals, professionals and businesses,” adds Isabelle Chevelard, Chairwoman of the Executive Board of TARGOBANK and Head of the German market for Crédit Mutuel Alliance Fédérale.
Stefan Barth, CEO of OLB, welcomes the transaction: “Over the past few years, OLB has pursued a dynamic growth strategy with remarkable results. We are proud to join Crédit Mutuel Alliance Fédérale, with which we share common values, to build together a stronger banking group.”
Acquisition by Crédit Mutuel Alliance Fédérale,
via TARGO Deutschland GmbH,of Oldenburgische Landesbank AG (OLB)
The Crédit Mutuel Alliance Fédérale and TARGOBANK teams, in accordance with the applicable competition laws, will work closely with the OLB teams to facilitate completion of the transaction in the interest of customers, members, elected representatives and employees.
This project is subject to the usual conditions precedent and in particular the approval of the competent regulatory and competition authorities. The transaction is expected to be completed in the first half of 2026.
About OLB
OLB is a universal bank that operates nationwide in Germany, and has over 150 years of experience in Lower Saxony. Under the OLB and Bankhaus Neelmeyer brands, the bank advises more than a million customers, in the retail, business, corporate and diversified lending segments. OLB has a network of 80 branches and nearly 1,700 employees.
Thanks to a solid acquisition strategy over the last ten years (private banking operator Bankhaus Neelmeyer in 2017; Bremer Kreditbank, formerly KBC Bank Deutschland, in 2018; Wüstenrot Bank AG Pfandbriefbank in 2019 and more recently Degussa Bank in 2024), OLB has diversified its activities (retail banking, corporate banking serving Mittelstand companies, private banking, project finance, Pfandbrief refinancing, etc.) to become a universal bank.
At December 31, 2024, OLB had net banking income of nearly €750 million, a cost/income ratio of less than 43%, and net income after tax of €270 million. OLB also saw its balance sheet assets surpass the €30 billion threshold, enabling it to become, in early 2025, a major financial institution supervised as such by the European Central Bank.
Press contacts
Crédit Mutuel Alliance Fédérale: Aziz Ridouan – +33 (0)6 01 10 31 69 – aziz.ridouan@creditmutuel.fr
Corporate Communication Department: +33 (0)3 88 14 84 00 – com-alliancefederale@creditmutuel.fr
TARGOBANK: pressestelle@TARGOBANK.de
OLB: presse@olb.de
About Crédit Mutuel Alliance Fédérale
One of France’s leading bancassurers with 77,000 employees serving 31 million customers, Crédit Mutuel Alliance Fédérale has 4,200 branches which offer a diversified range of services to private individuals, local professionals and companies of all sizes.
As the first French banking group to adopt the status of a mission-driven company, Crédit Mutuel Alliance Fédérale is made up of the following Crédit Mutuel federations: Centre Est Europe (Strasbourg), Sud-Est (Lyon), Ile-de-France (Paris), Savoie-Mont Blanc (Annecy), Midi-Atlantique (Toulouse), Loire-Atlantique et Centre-Ouest (Nantes), Centre (Orléans), Normandie (Caen), Dauphiné-Vivarais (Valence), Méditerranéen (Marseille), Anjou (Angers), Massif Central (Clermont-Ferrand), Antilles-Guyane (Fort-de-France) and Nord Europe (Lille).
Crédit Mutuel Alliance Fédérale also includes Caisse Fédérale de Crédit Mutuel, Banque Fédérative du Crédit Mutuel (BFCM) and all its subsidiaries, in particular CIC, Euro-Information, Assurances du Crédit Mutuel (ACM), TARGOBANK, Cofidis, Beobank in Belgium, Banque Européenne du Crédit Mutuel (BECM), Banque Transatlantique, Banque de Luxembourg and Homiris.
Find out more at creditmutuelalliancefederale.fr
About TARGOBANK
TARGOBANK has almost 100 years of experience in the German banking market. It serves 3.8 million private, business and corporate customers.
TARGOBANK offers simple and attractive banking products with high quality service so as to build a long term relationship with its customers. With a network of 340 branches spread in more than 250 cities in Germany aswell as a service accessible online and by telephone around the clock, TARGOBANK combines the benefits of a digital bank as well as local support whether in the local branch or at the customer’s home.
TARGOBANK is headquartered in Düsseldorf. It employs 7,400 people throughout Germany, including 2,000 working for its customer center in Germany. There are also administrative buildings in Mainz (Factoring), Düsseldorf (Leasing & Investment Finance) and Frankfurt (Corporate & Institutional Banking).
As a subsidiary of Crédit Mutuel Alliance Fédérale, one of the strongest banks in Europe, TARGOBANK is a reliable partner for its customers.
Further information: www.TARGOBANK.de
Strasbourg and Düsseldorf, March 20, 2025
Crédit Mutuel Alliance Fédérale expands in Germany with the acquisition of OLB, making TARGOBANK a universal bancassurer
Crédit Mutuel Alliance Fédérale has reached a major milestone in the development of its banking and insurance model in Europe with the signature of an agreement to acquire 100% of German bank Oldenburgische Landesbank (OLB) via its subsidiary TARGO Deutschland GmbH (TARGOBANK).
This transaction, on a scale not seen since the acquisition of Citibank in Germany in 2008 (renamed TARGOBANK), demonstrates the solidity and ambitions of Crédit Mutuel Alliance Fédérale. Already present in Germany, the mutual banking group is strengthening its foothold in Europe’s largest economy.
This move accelerates TARGOBANK’s path to becoming a universal bancassurance player in Germany, following the model of its parent company. The consolidated group will become the tenth largest bank in Germany in terms of assets, with a comprehensive offering in corporate financing serving Mittelstand companies and in retail banking.
The estimated impact of the transaction is -115 basis points on Crédit Mutuel Alliance Fédérale’s CET1. This transaction is subject to the approval of the regulatory authorities, in particular the European Central Bank (ECB) and the competition authorities.
Germany, the mutual banking group’s second-largest domestic market
Crédit Mutuel Alliance Fédérale aims to become a leading bancassurer in Europe. While it was the fifth largest banking group and tenth largest insurer in France in 2024, the group already generated 20% of its revenues internationally.
Germany is the group’s second-largest domestic market, where it operates through several of its subsidiaries, in particular TARGOBANK, ACM Deutschland, and CIC. Thanks to its financial solidity, operating performance and technological edge, the group has major advantages to enable it to succeed in this consolidating market.
OLB, a leading bank in Germany
Founded in Lower Saxony, one of Germany’s largest states, where it has a strong foothold, OLB is a universal bank with operations throughout Germany. Thanks to an effective strategy of sustained growth over the past ten years, it serves one million customers. With more than €30 billion in assets, it is one of the leading financial institutions in Germany.
OLB is active in two buoyant markets. It offers strong expertise in private banking and wealth management, providing a full range of banking and insurance services to individuals and professionals. It also stands out for its expertise in corporate financing (corporate, commercial real estate) and business acquisitions (LBO and acquisition finance).
Togetherness Performance Solidarity: a successfully launched plan in its second year
After the first year of the Togetherness, Performance, Solidarity strategic plan which closed with very high 2024 results for Crédit Mutuel Alliance Fédérale, 2025 marks a major turning point for the mutual banking group.
TARGOBANK’s acquisition of OLB will enable it to significantly amplify its transformation as a universal bancassurer in Germany, complementing the launch of ACM Deutschland’s commercial activities in the second half of 2025. In addition to offering rapid growth prospects for its retail mortgage lending business, TARGOBANK will be able to strengthen its position in the SME and mid-cap markets (Mittelstand companies), in wealth management and specialized financing, with the potential for synergies in revenue and cost efficiency for the medium term.
With this transaction, TARGOBANK becomes the tenth largest bank in Germany. The consolidated group serves 4.8 million customers with total balance sheet of €79 billion.
“The acquisition of OLB, marks a major milestone for Crédit Mutuel Alliance Fédérale, fully aligned with its strategic plan Togetherness Performance Solidarity. We have the ambition to expand our activities in Europe, and specifically in Germany, largest European economy. With our subsidiaries TARGOBANK, which will integrate OLB, and ACM Deutschland, we are committed to become a bancassurer across the Rhine” said Daniel Baal, Chairman of Crédit Mutuel Alliance Fédérale:
“Our group’s history shows that it has the ability to successfully complete external growth transactions, in particular those of CIC, and, more recently, TARGOBANK and Cofidis. This strategic investment reflects our determination to become a leading bancassurer in Europe by integrating the resources and values of OLB into TARGOBANK. We are building for the long run.” added Éric Petitgand, Chief Executive Officer of Crédit Mutuel Alliance Fédérale.
“This acquisition marks a decisive step in Crédit Mutuel Alliance Fédérale’s development in Germany. The respective and complementary expertise of TARGOBANK and OLB’s employees will enable us to significantly speed up our transformation as a universal bancassurer in the strategic German market. There is significant business and customer growth potential among individuals, professionals and businesses,” adds Isabelle Chevelard, Chairwoman of the Executive Board of TARGOBANK and Head of the German market for Crédit Mutuel Alliance Fédérale.
Stefan Barth, CEO of OLB, welcomes the transaction: “Over the past few years, OLB has pursued a dynamic growth strategy with remarkable results. We are proud to join Crédit Mutuel Alliance Fédérale, with which we share common values, to build together a stronger banking group.”
Acquisition by Crédit Mutuel Alliance Fédérale,
via TARGO Deutschland GmbH,of Oldenburgische Landesbank AG (OLB)
The Crédit Mutuel Alliance Fédérale and TARGOBANK teams, in accordance with the applicable competition laws, will work closely with the OLB teams to facilitate completion of the transaction in the interest of customers, members, elected representatives and employees.
This project is subject to the usual conditions precedent and in particular the approval of the competent regulatory and competition authorities. The transaction is expected to be completed in the first half of 2026.
About OLB
OLB is a universal bank that operates nationwide in Germany, and has over 150 years of experience in Lower Saxony. Under the OLB and Bankhaus Neelmeyer brands, the bank advises more than a million customers, in the retail, business, corporate and diversified lending segments. OLB has a network of 80 branches and nearly 1,700 employees.
Thanks to a solid acquisition strategy over the last ten years (private banking operator Bankhaus Neelmeyer in 2017; Bremer Kreditbank, formerly KBC Bank Deutschland, in 2018; Wüstenrot Bank AG Pfandbriefbank in 2019 and more recently Degussa Bank in 2024), OLB has diversified its activities (retail banking, corporate banking serving Mittelstand companies, private banking, project finance, Pfandbrief refinancing, etc.) to become a universal bank.
At December 31, 2024, OLB had net banking income of nearly €750 million, a cost/income ratio of less than 43%, and net income after tax of €270 million. OLB also saw its balance sheet assets surpass the €30 billion threshold, enabling it to become, in early 2025, a major financial institution supervised as such by the European Central Bank.
Press contacts
Crédit Mutuel Alliance Fédérale: Aziz Ridouan – +33 (0)6 01 10 31 69 – aziz.ridouan@creditmutuel.fr
Corporate Communication Department: +33 (0)3 88 14 84 00 – com-alliancefederale@creditmutuel.fr
TARGOBANK: pressestelle@TARGOBANK.de
OLB: presse@olb.de
About Crédit Mutuel Alliance Fédérale
One of France’s leading bancassurers with 77,000 employees serving 31 million customers, Crédit Mutuel Alliance Fédérale has 4,200 branches which offer a diversified range of services to private individuals, local professionals and companies of all sizes.
As the first French banking group to adopt the status of a mission-driven company, Crédit Mutuel Alliance Fédérale is made up of the following Crédit Mutuel federations: Centre Est Europe (Strasbourg), Sud-Est (Lyon), Ile-de-France (Paris), Savoie-Mont Blanc (Annecy), Midi-Atlantique (Toulouse), Loire-Atlantique et Centre-Ouest (Nantes), Centre (Orléans), Normandie (Caen), Dauphiné-Vivarais (Valence), Méditerranéen (Marseille), Anjou (Angers), Massif Central (Clermont-Ferrand), Antilles-Guyane (Fort-de-France) and Nord Europe (Lille).
Crédit Mutuel Alliance Fédérale also includes Caisse Fédérale de Crédit Mutuel, Banque Fédérative du Crédit Mutuel (BFCM) and all its subsidiaries, in particular CIC, Euro-Information, Assurances du Crédit Mutuel (ACM), TARGOBANK, Cofidis, Beobank in Belgium, Banque Européenne du Crédit Mutuel (BECM), Banque Transatlantique, Banque de Luxembourg and Homiris.
Find out more at creditmutuelalliancefederale.fr
About TARGOBANK
TARGOBANK has almost 100 years of experience in the German banking market. It serves 3.8 million private, business and corporate customers.
TARGOBANK offers simple and attractive banking products with high quality service so as to build a long term relationship with its customers. With a network of 340 branches spread in more than 250 cities in Germany aswell as a service accessible online and by telephone around the clock, TARGOBANK combines the benefits of a digital bank as well as local support whether in the local branch or at the customer’s home.
TARGOBANK is headquartered in Düsseldorf. It employs 7,400 people throughout Germany, including 2,000 working for its customer center in Germany. There are also administrative buildings in Mainz (Factoring), Düsseldorf (Leasing & Investment Finance) and Frankfurt (Corporate & Institutional Banking).
As a subsidiary of Crédit Mutuel Alliance Fédérale, one of the strongest banks in Europe, TARGOBANK is a reliable partner for its customers.
Further information: www.TARGOBANK.de
Attachments
Source: United Kingdom – Executive Government & Departments 2
Technology Secretary Peter Kyle will set out Britain’s credentials as the global hub for AI investment on a visit to the United States this week (18th-25th March).
Strengthening UK-US ties to boost AI investment.
UK Technology Secretary Peter Kyle will set out Britain’s credentials as the global hub for AI investment during his visit to the United States this week (18 to 25 March), highlighting how both countries can evolve their special relationship in the age of AI as the UK government puts the technology at the heart of its Plan for Change.
Speaking at Nvidia’s annual conference in San Jose (20th March), Peter Kyle will outline how the government is “rewiring” Britain’s economy to run on AI, paving the way for communities across the country to seize on the transformative opportunities presented by the technology and moving wealth creation away from just Silicon Valley and London.
Addressing business leaders, developers and innovators, the Technology Secretary will lay out his vision for how AI and advanced technologies are being put to work to help solve some of our most complex shared challenges, as Britain becomes a by-word for innovation.
The technology is already being harnessed in the UK to improve public services and spark fresh economic growth – a central pillar of the government’s Plan for Change. Peter Kyle will now outline how the UK’s AI sector – valued at over $92 billion and projected to surpass $1 trillion by 2035 – will position Britain as the second leading AI nation in the democratic world, with a wealth of investment opportunities now being opened to US companies and financial backers alike.
Central to his message will be Britain’s readiness for AI investment, with a particular focus on how ‘the relics of economic eras past will be transformed into the UK’s innovative AI Growth Zones’.
A key component of the AI Opportunities Action Plan, these are strategically designated areas designed to rapidly attract large-scale AI investment through streamlined regulations and dedicated infrastructure.
These hotbeds of AI development represent a pipeline of new opportunities for companies to scale up and innovate, with the Technology Secretary to call for investors to step forward and participate in a new kind of partnership.
Speaking at Nvidia’s annual conference, the Technology Secretary is expected to set out how these Growth Zones, with access to large power connections, and a planning system designed to cut the time it takes to start up construction, will help to build a compute infrastructure which the UK ‘has never seen before’.
The government has already received hundreds of proposals from local leaders nationwide and industry, underscoring Britain’s readiness to leverage artificial intelligence to rejuvenate communities and drive economic growth across the country.
This will drive higher living standards across the UK – a primary focus for the government over the next four years – with AI Growth Zones poised to deliver the jobs, investment, and the thriving business environment which will put more money in people’s pockets and realise its Plan for Change.
At the Nvidia conference, the Technology Secretary is expected to say:
In empty factories and abandoned mines, in derelict sites and unused power supplies, I see the places where we can begin to build a new economic model.
A model completely rewired around the immense power of artificial intelligence.
Where, faced with that power, the state is neither a blocker nor a shirker – but an agile, proactive partner.
In Britain, we want to turn the relics of economic eras past into AI Growth Zones.
As part of the visit, Peter Kyle will also meet with key companies in the US tech sector including Open AI, Anthropic, Nvidia, and Vantage – banging the drum for more companies to set up shop in the UK as their Silicon Valley home from home.
Additionally, the Technology Secretary is expected to say:
There is a real hunger for investment in Britain, and people who are optimistic about the future, and hopeful for the opportunities which AI will bring for them and their families.
States owe it to their citizens to support it. Not through diktat or directive, but through partnership.
The Prime Minister and the President of the United States have placed AI at the heart of the trans-Atlantic relationship. Visiting the White House last month, the Prime Minister confirmed both nations are setting to work on a new economic deal which will put advanced technologies at its heart.
Since laying out its new vision for AI at the start of the year and giving the technology a frontline role in delivering the government’s Plan for Change, the UK has already seen a wealth of backing from American investors who are looking to set up a home from home on British shores.
Major recent investments include a £12 billion commitment from Vantage Data Centers to significantly expand Britain’s data infrastructure, creating approximately 11,500 jobs. Last month, the UK Government also formalised a partnership with Anthropic to enhance collaboration on leveraging AI to improve public services nationwide.
By deepening these partnerships with leading US tech firms and investors, the UK’s AI sector is poised for sustained growth as it continues removing barriers to innovation.
Published 20 March 2025
Source: United Kingdom – Government Statements
Barrow is a blueprint for how defence spending can boost communities up and down the country, the Prime Minister will say while on a visit to the town today.
Barrow is a blueprint for how defence spending can boost communities up and down the country, the Prime Minister will say while on a visit to the town today.
It comes as he announces the King has agreed to confer the ‘Royal’ title to the Port of Barrow in recognition of the town’s unique and critical contribution to national security as home of nuclear submarine building in the UK.
The visit follows the Prime Minister secretly joining submariners returning home to loved ones a few days ago, hearing firsthand the ‘hot’ debrief of their long operational tour keeping the UK and NATO Allies safe.
The Prime Minister boarded the boat as it returned to UK waters, known as ‘a Day Zero’, to thank submariners for their months of silent service deep under water. He is the first Prime Minister to join a Day Zero since 2013.
The Prime Minister also met families waiting for their relatives to return from sea, many of which had experienced significant life milestones while their loved ones were on deployment, including four submariners who returned home to newborn children.
Since 1969, the nuclear deterrent has been the cornerstone of UK security and continuously delivered by the Royal Navy – with at least one nuclear-armed ballistic missile submarine patrolling the seas undetected at all times.
The keel for the first nuclear-armed ballistic missile submarine was laid in Barrow in 1959, before its launch in 1960. Two years later, the UK declared its nuclear capability to NATO.
And this afternoon, the Prime Minister will lay the keel to the first boat of the next generation nuclear armed submarines, knowns as the Dreadnought class.
Dreadnought will deliver the next generation of our nuclear deterrent, to protect our people and allies from the most extreme threats to our national security and way of life for decades to come.
It is also expected to support more than 30,000 jobs across the country, from the heart of BAE Systems in Barrow, to small and medium enterprises up and down the country.
Barrow will also play a vital role in delivering the AUKUS programme – a joint endeavour between Australia, the United States and the UK – with the first SSN-AUKUS attack submarines being built at the BAE Systems site.
Last month, the Prime Minister announced that this government will increase defence spending to 2.5% of GDP from 2027, with an ambition to reach 3% in the next parliament.
That will equate to an extra £13.4 billion on defence, allowing this government to go further than ever to make sure the benefit of that investment is felt in British people’s pockets.
The Barrow submarine workforce alone has grown by more than 1000 people in the past six months, with those working in the defence nuclear sector earning approximately 20% above the national average wage.
When I say that our Plan for Change is delivering security for working people and renewal for our country, there is no better blueprint than Barrow.
Defence spending here is supporting highly skilled jobs, driving opportunities for young people and delivering world class capabilities to keep us all safe, but it’s also crucially putting money in the pockets of hardworking people.
This week, I saw firsthand the sacrifice our submariners are making every day to keep our country safe, but I know they are only able to do that because of the support of the town of Barrow.
Each and every person living and working in Barrow is contributing to our nation’s defence, whether that is building our world-class submarine programme, or supporting the workforce here through vital public services or proud family businesses.
The Prime Minister will also announce that His Majesty the King has agreed to confer the title ‘Royal’ to the Port of Barrow in recognition of the town’s undue role in guaranteeing the nation’s security.
The title is a recognition of the dedication and commitment of the people of Barrow in delivering the submarines that protect the nation, now and for decades to come. His Majesty hopes to visit the town in due course to mark the town’s proud heritage and prosperous future.
As part of recognising that contribution, and ensuring the community is able to continue delivering the nuclear deterrent for generations to come, new funding to support the wider community will be announced by the Prime Minister.
That will include a new £28 million funding package for T-Levels, delivered by providers across England including Furness College in Barrow.
The funding will help to equip and inspire students to be the next generation of submarine builders, with industry-relevant skills and knowledge, and leading to skilled employment, apprenticeships, or higher education both in the defence sector and beyond.
This is on top of the Barrow Transformation Fund, a £200 million government package to strengthen the local economy, support sustainable growth and boost opportunities for the people of Barrow.
As part of that fund, a £5 million pot to invest in schools to boost aspiration and support the needs of the young people of Barrow will also be opened.
The funding priorities will be co-designed with representative leaders from across Barrow’s schools, ensuring the money is spent by the people who know best about how to improve the future of young people in the town.
The fund also delivers on the government’s commitment to ensure those on the frontline of public services are empowered in decision making.
A further £5 million will be provided for grants to community and voluntary organisations to allow local people to improve their local area.
Today’s keel laying is a demonstration of our government delivering for defence and fulfilling our first duty: to keep the British people safe.
Our triple lock pledge for Britain’s nuclear deterrent will see all four Dreadnought-class submarines built in Royal Barrow – a generational commitment that is transforming this town. This is one of the most complex projects ever undertaken in this country, representing the very best of British engineering.
Our commitment to the nuclear deterrent is unshakeable – it is the ultimate guarantor of our national security and the security of our NATO allies. And this national endeavour is also an engine for jobs and growth in Barrow and beyond.
Published 20 March 2025
Source: United Kingdom – Government Statements
Funding for preventive services doubled to over half a billion pounds to drive restoration in family and parenting support across every English council.
More vulnerable children will be prevented from falling through the cracks as the government restores vital family support services, delivering on its plan for change to give every child the best start in life.
New guidance sets a clear expectation on all councils and their partners to reform family support services to enable earlier intervention and better protect children from harm.
Key reforms include introducing a single ‘front door’ to support services in every local area. This will make it clear to families struggling with complex needs such as mental health issues, disabilities and substance misuse, where and how they can access help.
This could mean embracing digital services or bringing different teams and services into an existing setting, such as a family hub. Bringing help from health visitors, housing support teams and mental health specialists into one place, will make it clear to parents where to access help and improve join up with existing universal support.
Thousands more family help leads will be matched with families to coordinate support and resources, taking responsibility for getting them the support they need to stop issues escalating. This will importantly end the frustrating experience of vulnerable families being passed from team to team, forced to tell their story time and time again.
These radical reforms are all backed by over half a billion pounds for councils in 2025/2026 – double their allocation in previous years – rebuilding the vital support infrastructure needed to reduce the number of children going into care. These changes are urgently needed, with eight in ten parents unable to access the services they need in their child’s early years.
The measures build on the landmark Children’s Wellbeing and Schools Bill to better support vulnerable children. Representing the single biggest piece of child protection legislation in a generation, the bill paves the way for a unique child identifier, like an NHS number, a register of children not in school, and a requirement for every council to have multi-agency child safeguarding teams.
Minister for Children and Families, Janet Daby said:
For too long, vulnerable children and families have been left to struggle – battling fragmented services and receiving support when it’s too late.
Backed by over £500m and delivering our Plan for Change, we’re putting an end to this injustice and building back crumbling family support services, to keep children safe and enable more families to achieve and thrive together.
Whether seeking help with supporting a child’s development or for substance misuse, families can feel assured that they will get the right help at the right stage, as this government delivers the real change that matters to families.
The government inherited a broken system, with children and families facing poor outcomes and barriers to opportunity.
While spending on services for families at crisis point – which local authorities have a legal duty to provide – has skyrocketed by £4 billion since 2013, investment in early preventative support which isn’t statutory has plummeted by £900m.
At the same time, those known to children’s services are seven times more likely to face permanent exclusion from school and care-experienced young people making up around a quarter of the adult prison population.
Minister for Children and Families, Janet Daby, visited a children’s centre in Redbridge to hear about the implementation of reforms so far.
One parent said:
I want to be the best father I can be for my children, but I was struggling to parent and build meaningful bonds.
I self-referred myself after finding out about the services online. The team facilitated a plan for me, which included attending a parenting programme to learn more parenting skills and understand how I can improve my relationship with my children. So far, it’s taught me a lot and had a really positive impact on my family.
Reflecting on their experience, another local parent said:
After being referred by our school, my family was matched with a coordinator to support challenges with my children’s disabilities. I was facing a lot of red tape and struggling to navigate the system. After providing us with a whole-family plan, my coordinator has made this much smoother and really helped to bridge our relationship with the school. They’ve also made sure I have access to support for lots of other challenges, including mentoring and housing.
I was hitting lots of walls trying to get help, but the service has really transformed by experience – I wish I’d known about this sooner so I could have referred myself.
These reforms will driver greater collaboration between agencies, bringing together professionals with different expertise and backgrounds to ensure children don’t fall through the cracks.
From the point parents are expecting a baby, support services such as parenting skills, domestic abuse counselling and financial advice will be wrapped around the family, with the needs of the whole family considered throughout their journey.
Chief Executive Officer at the National Children’s Bureau, Anna Feuchtwang, said:
The Families First Partnership Programme has enormous potential to provide earlier support and better address the needs of children within their family networks.
With further investment in preventative services, shared workforce development and stability, these reforms present a huge opportunity to reorient child and family services towards enabling and supporting wellbeing.
It is critical that roll out is informed by the ongoing evidence from the FFC pathfinders and that all children, including those with disabilities, are able to benefit.
Published 20 March 2025
Source: United Kingdom – Executive Government & Departments
A platform trial published in The Lancet Neurology looks at the efficacy of anti-amyloid drugs that could delay the onset of Alzheimer’s disease.
Prof Robert Howard, Professor of Old Age Psychiatry, UCL, said:
“The press release claims that gantenerumab treatment can delay or prevent the appearance of dementia, but this is not supported by the data and could give false hope to patients and their families about what treatments for Alzheimer’s disease are able to do.
“Anyone who understands how to look at the results of a clinical trial will recognise that this paper reports the failure of gantenerumab to show treatment efficacy on any prespecified clinical outcomes in randomised controlled comparisons between drug and placebo. And, sadly, because of this and other negative trials, development of gantenerumab has been abandoned.
“However, the authors carried out many further analyses from a small number of participants who chose to continue treatment in an open-label extension to the randomised controlled trial. Because this was an open-label extension, there was no randomly allocated placebo group to compare the effects of treatment to. Instead, the results from an “extended control” group were used for comparison and a large number of differently defined treatment groups were run through the analyses, increasing the risk that any apparent differences with treatment would be due to chance. For these reasons, no responsible clinical trialist should claim on the basis of these data to have shown a 50% lowering of the risk of developing dementia symptoms. If you look at the wording of the Summary of the published paper, you will see that such a claim does not appear, as presumably the scientific peer reviewers and editorial staff would not have permitted such a misleading overstatement to be published in the Journal.
“I hope that journalists will question why the conclusions of the peer reviewed article are so different from the headline content of the press release and won’t disseminate what is unhelpful misinformation about the potential of a drug to prevent Alzheimer’s disease.
Dr Richard Oakley, Associate Director of Research and Innovation, Alzheimer’s Society, said:
“As with all antiamyloid trials, this study stemmed from research funded by Alzheimer’s Society, shedding light on the role of amyloid in Alzheimer’s disease.
“These exciting early-stage results hint that long-term antiamyloid treatments, started before Alzheimer’s disease symptoms appear, could potentially delay symptom onset.
“However, these results need to be treated with caution; this trial focuses on a very small group of individuals with genetic forms of Alzheimer’s disease. Longer-term follow up of this group and larger studies will tell us more about the effect of these drugs in these types of Alzheimer’s.
“Ultimately, the field hopes to see similar progress in preventative trials of antiamyloid treatments in people at risk of Alzheimer’s disease later in life, which affects the majority of people with dementia.
“This is a hugely exciting time in dementia research and there is hope on the horizon for all affected by this condition – research will beat dementia.”
Prof Charles Marshall, Professor of Clinical Neurology, Queen Mary University of London, said:
“This study focusses on a rare group of people with genetic mutations that cause Alzheimer’s disease that runs in famiilies. These people are of particular interest because we know for certain that they will develop Alzheimer’s disease, and can estimate when they are likely to develop it, making them an ideal group to evaluate preventive treatments.
“It seems from these results that if treated for long enough with a drug that reduces amyloid beta protein in the brain we can delay the development of symptoms in those who will go on to develop Alzheimer’s disease, and this is very exciting. There are two major limitations of the study. The first is that it was a secondary evaluation of a relatively small number of people who were treated for a long time, and therefore the results are not as certain as they would have been if they were the main trial result. The other limitation is that gantenerumab is not nearly as effective as some of the other amyloid reducing treatments that are now available, suggesting that we may be able to do even better than these results suggest.
“I look forward to seeing more results from the other treatments that are now being given in this trial. It is giving tremendous hope to the families that have these rare genetic mutations, and these results suggest that in years to come we may have preventive treatments to offer them.”
Prof Tara Spires-Jones, Director of the Centre for Discovery Brain Sciences at the University of Edinburgh, Group Leader in the UK Dementia Research Institute, and President of the British Neuroscience Association said:
“This study by Bateman and colleagues shows promising preliminary results of an experimental treatment in people with rare inherited forms of Alzheimer’s disease. People who inherited a gene that causes early onset Alzheimer’s disease received the drug gantenerumab to remove sticky amyloid pathology before they developed symptoms. Scientists observed that the 22 people who took the drug for the longest (an average of 8 years) had delayed progression of cognitive symptoms. While this study is important scientifically as evidence that amyloid-lowering drugs may potentially be able to delay symptom onset, there are several important limitations to consider. As the authors acknowledge, the delay in symptom onset with treatment was only found in people who were treated for an average of 8 years, probably because amyloid pathology accumulates in the brain for at least 10 years before symptom onset. This study also did not include a control group receiving placebo alongside the drug which is a very important control. Further, the drug used in this study, gantenerumab, has been discontinued by the company that developed it because it did not slow symptoms of the more common non-genetic forms of Alzheimer’s disease in a trial with over 1,900 participants. While this study does not conclusively prove that Alzheimer’s disease onset can be delayed and uses a drug that will not likely be available, the results are scientifically promising.”
‘Safety and efficacy of long-term gantenerumab treatment in dominantly inherited Alzheimer’s disease: an open label extension of the phase 2/3 multicentre, randomised, double-blind, placebo-controlled platform DIAN-TU Trial’ by Bateman et al. was published in Lancet Neurology at 23:30 UK time on Wednesday 19th March.
Declared interests:
Prof Robert Howard “No COIs”
Dr Richard Oakley “this study stemmed from research funded by Alzheimer’s Society” as this is factually accurate.”
Prof Charles Marshall “I have no relevant conflicts”
Prof Tara Spires-Jones “I have no conflicts with this study but have received payments for consulting, scientific talks, or collaborative research over the past 10 years from AbbVie, Sanofi, Merck, Scottish Brain Sciences, Jay Therapeutics, Cognition Therapeutics, Ono, and Eisai. I am also Charity trustee for the British Neuroscience Association and the Guarantors of Brain and serve as scientific advisor to several charities and non-profit institutions.”
Source: Office of United States Attorneys
DETROIT – A Warren, Michigan man was sentenced today to 12 months in prison for spray-painting swastikas, the word “die,” and other graffiti on a predominantly Black church in Roseville, Michigan, Acting United States Attorney Julie Beck announced.
Beck was joined in the announcement by Acting Assistant Attorney General Mac Warner of the Justice Department’s Civil Rights Division, and Chevoryea Gibson, Special Agent in Charge of the Detroit Field Division of the Federal Bureau of Investigation.
According to court documents, David Bluer, 34, pleaded guilty on December 3, 2024, to one count of damaging religious property. As part of his guilty plea, Bluer admitted that in October 2021, he spray-painted several swastikas, the word “die,” and other graffiti on the Roseville church, because of the race and color of individuals associated with the church. Specifically, the defendant admitted that he intentionally defaced the church because the church serves a predominantly Black congregation and has a Black pastor. In addition, Bluer spray-painted swastikas, a racist slur and symbols, and other graffiti on the public bathroom of Trombly Park, in Warren, Michigan. The racist graffiti included the statement “DaviD KiLLS Ni**ERS.”
“The defendant’s attack, motivated by race and color, instilled fear in not only the mostly Black congregants of the church, but damaged the entire community’s sense of safety. Our office will always vigorously prosecute those who commit unlawful bias-motivated acts and seek justice for the victims,” Acting U.S. Attorney Beck said.
“The sentence of David Bluer sends a stern warning to anyone who seeks to invoke fear and hatred towards a specific group of individuals. The FBI is committed to upholding the U.S. Constitution, investigating civil rights violations and the protection of the American People,” said Cheyvoryea Gibson, Special Agent in Charge of the FBI in Michigan. The hate-driven criminal acts committed by Mr. Bluer were halted through the relentless investigative efforts of members from the FBI Detroit’s Joint Terrorism Task Force, Roseville P.D., Warren P.D., as well as the U.S. Attorney’s Office for the Eastern District of Michigan, whose collaboration was crucial in securing this successful prosecution.”
The FBI Detroit Field Office investigated the case.
Assistant U.S. Attorney Frances Carlson for the Eastern District of Michigan and Trial Attorney Erin Monju of the Justice Department’s Civil Rights Division prosecuted the case.
Source: Government of Italy (English)
Vai al Contenuto Raggiungi il piè di pagina
19 Marzo 2025
The President of the Council of Ministers, Giorgia Meloni, met with the President of the European Parliament, Roberta Metsola, in Brussels today.
The meeting provided an opportunity for an exchange of views on the issues on the agenda for tomorrow’s European Council meeting and Euro Summit, starting with the latest developments in Ukraine and the Middle East. Lastly, there was a particular focus on boosting European competitiveness.
Finbold research found that during the first quarter of 2025, as many as 48% of the 23 startups that attained unicorn status – exceeded $1 billion in valuation – were involved with the artificial intelligence (AI) sector.
Furthermore, 70% of these AI unicorns are concentrated in the top ten biggest startups, as seven out of eleven fall within the range between $1.6 billion and $2.8 billion.
Most artificial intelligence startups are from the US, though two emerged in the UK, one in Israel, and one in Sweden. Interestingly, given the recent developments in the country, none of the billion-dollar startups were located in China in 2025.
Regarding specialization, a plurality of 45% of these firms are involved with healthcare technology, including the biggest new unicorn: Abridge.
AI remains a powerful venture capital magnet
While there is a significant synchronization between company valuation and funding received, it is noteworthy that the second-smallest of the new unicorns – the UK’s Cera – received the most money from venture capitalists: $582 million.
Cera simultaneously showcases that many of these companies aren’t new, as it was founded in 2016, but also that AI continues to have the ability to draw massive investments from institutional investors as much as from retail traders.
As Andreja Stojanovic, a co-author of this research, pointed out:
“Given AI’s explosive growth, it’s surprising that even more AI unicorns haven’t emerged in 2025. Artificial intelligence has been a major driver of growth since the public release of ChatGPT in late 2022. Publicly traded companies that are either directly involved with the technology or strongly linked to the sector in investor perception have been some of the strongest stock market performers in recent years.”
At face value, it appears certain that 2025 will feature many more AI unicorns. However, recent disruptions in the sector that emerged from China, as well as the fears that the US may have already entered a recession, could still diminish venture capital spending.
Read the full story with statistics at: https://finbold.com/48-of-all-2025-unicorns-work-in-ai-sector/
Source: Government of India (2)
Posted On: 19 MAR 2025 9:00PM by PIB Delhi
The meeting was chaired by co-chaired by Ms. AlkaUpadhyay, Secretary, Department of Animal Husbandry and Dairying and Ms. Silvia Bender, State Secretary of the German Federal Ministry of Food and Agriculture (BMEL). Cooperation in digital agriculture, seeds sector, mechanization & technology, horticulture sector, animal husbandry and fisheries were discussed in detail.
The 8th India-Germany Joint Working Group (JWG) Meeting on Agriculture was co-chaired by Ms. AlkaUpadhyay, Secretary of the Department of Animal Husbandry and Dairying, and Ms. Silvia Bender, State Secretary of the German Federal Ministry of Food and Agriculture (BMEL), on 19th March 2025 at the National Agricultural Science Complex, PUSA, New Delhi.
In her welcome address, Ms. Upadhyay underscored the strong ties between India and Germany, highlighting the robust collaboration on global issues and the strategic partnership nurtured through the Intergovernmental Consultations (IGC) since 2011. She emphasized the significance of cooperation in the agricultural sector, particularly in digital technologies, and noted the impressive agricultural trade between the two nations. She also pointed out ongoing collaborations in agroecology, seed production, and sustainable practices, reaffirming India’s commitment to deepening ties and exploring new avenues for agricultural cooperation.
Ms. Silvia Bender expressed Germany’s deep appreciation for its partnership with India and reaffirmed the shared commitment to strengthening bilateral relations, especially in agriculture and allied sectors. She acknowledged the common challenges faced by both countries and stressed the importance of working together to find innovative solutions. She further reiterated Germany’s readiness to share its experience and vision to enhance cooperation in agriculture.
Mr. Ajeet Kumar Sahu provided an insightful overview of India’s agricultural achievements, emphasizing its pivotal role in both domestic and global food security. He highlighted the government’s initiatives, including the Digital Agriculture Mission, the LakhpatiDidi Program, KrishiSakhi, and efforts to empower farmers through Farmer Producer Organizations (FPOs). Mr. Sahu also elaborated on programs such as Natural and Organic Farming, Crop Insurance, e-NAM, and AgriSURE, all aimed at advancing the agriculture sector and fostering rural development.
In discussing areas of cooperation, Dr.PramodMehreda highlighted the crucial role of digital agriculture, emphasizing the importance of exchanging best practices in the use of digital technologies for pest and disease management.
The meeting focused on critical areas of cooperation, including artificial intelligence, digitization in agriculture, mechanization, the seed sector, horticulture, animal husbandry, and fisheries.
The German delegation included representatives from BMEL, its subordinate authorities, and various institutions.From Indian side, Joint Secretaries of Department of Agriculture & Farmers Welfare for Horticulture, Natural Resource Management, and Mechanisation participated in the meeting along with representatives of Department of Animal Husbandry and Dairying, Department of Fisheries, Ministry of Food Processing Industries, and the Food Safety and Standards Authority of India (FSSAI).
****
MG/RN/KSR
(Release ID: 2113081) Visitor Counter : 61
Source: Hong Kong Government special administrative region
Hong Kong Customs detects three dangerous drugs cases at airport with seizure worth about $58.4 million
In the first case, through risk assessment, Customs on March 17 inspected an air cargo consignment, declared as graphite furnace machine and arriving in Hong Kong from the Netherlands at the airport. Upon inspection, Customs officers found about 25kg of suspected ketamine, with an estimated market value of about $11.8 million, concealed in the consignment.
After a follow-up investigation, Customs officers conducted a controlled delivery operation yesterday in Tsim Sha Tsui and arrested a male consignee, aged 20. Customs officers later escorted the arrested person to an industrial building unit in Kwai Chung for a search and further seized about 760g of suspected heroin and a batch of drug packaging paraphernalia.
An investigation is ongoing.
In the second case, through risk assessment, Customs yesterday inspected 48 cargoes arriving in Hong Kong from Thailand at the airport. About 152kg of suspected cannabis budswith an estimated market value of about $39 million were found concealed inside.
After a follow-up investigation, Customs discovered that an overseas company had commissioned a local freight forwarding company to collect the batch of goods and arranged transshipment of the goods to the UK via air channel. Customs has contacted the overseas law enforcement agencies concerned to conduct follow-up investigations.
In the third case, a 33-year-old female passenger arrived in Hong Kong from Amsterdam, the Netherlands, via Istanbul, Türkiye, yesterday. During customs clearance, Customs officers found about 15kg of suspected ketamine with an estimated market value of about $7.1 million inside her check-in suitcase. The woman was subsequently arrested. She has been charged with one count of trafficking in a dangerous drug. The case will be brought up at the West Kowloon Magistrates’ Courts tomorrow (March 20).
Customs will continue to step up enforcement against drug trafficking activities through intelligence analysis. The department also reminds members of the public to stay alert and not to participate in drug trafficking activities for monetary return. They must not accept hiring or delegation from another party to carry controlled items into and out of Hong Kong. They are also reminded not to carry unknown items for other people, nor to release their personal data or home address to others for receiving parcels or goods.
Customs will continue to apply a risk assessment approach and focus on selecting passengers from high-risk regions for clearance to combat transnational drug trafficking activities.
Under the Dangerous Drugs Ordinance, trafficking in a dangerous drug is a serious offence. The maximum penalty upon conviction is a fine of $5 million and life imprisonment.
Customs also reminds that cannabis and tetrahydro-cannabinol (THC) are classified as dangerous drugs under the Ordinance. Importation of products (including food or drinks) containing cannabis or THC into Hong Kong is prohibited unless the relevant provisions in the Ordinance are complied with. In order to avoid breaching the law inadvertently, special attention should be paid to the packaging labels of food and drinks.
Members of the public may report any suspected drug trafficking activities to Customs’ 24-hour hotline 182 8080 or its dedicated crime-reporting email account (crimereport@customs.gov.hkIssued at HKT 23:00
NNNN
Source: Government of India (2)
India-Germany football partnership strengthens: DFB-Prasar Bharati agreement paves the way for 20 young Indian footballers to train in Germany
Posted On: 19 MAR 2025 7:01PM by PIB Delhi
Football fans in India have exciting news as WAVES OTT, in partnership with DFB-Pokal, will stream the semi-final matches live on April 2nd and 3rd, followed by the grand finale on May 24th, 2025. To strengthen football ties between India and Germany, Prasar Bharati and DFB have signed an important agreement to bring more football content to India and launch an Under-17 talent search tournament, where 20 young Indian players will get a chance to train in Germany.
Gaurav Dwivedi, CEO of Prasar Bharati stated, “This collaboration with DFB not only brings top-tier football action to Indian audiences but also opens doors for our young footballers to gain international exposure. By integrating high-quality content with grassroots development, we are fostering a stronger football culture in India and providing our youth with unprecedented global opportunities.”
Dr. Holger Blask, Managing Director of the DFB GmbH & Co. KG, added: “We are extremely proud and excited about this groundbreaking cooperation with Prasar Bharati. Their unparalleled free to air reach through WAVES and DD Sports sets the cornerstone of DFB’s strategy to democratize the DFB-Pokal. With its truly aspirational character and many David vs Goliath moments the DFB-Pokal fits perfectly to the Indian football fans.”
In a landmark move to strengthen Indo-German football ties, a letter of exchange was signed between DFB and Prasar Bharati, enhancing India’s access to world-class football content. This collaboration will also pave the way for an India-wide Under-17 talent search tournament, where 20 promising young players will be selected for an exclusive training program in Germany, facilitated by DFB and its partner Brand Next.
Adding to the excitement, an exclusive contest is launched, giving two lucky Indian fans a once-in-a-lifetime opportunity to win an all-expenses-paid trip to Germany for the DFB-Pokal final in Berlin*. Participants must download the WAVES OTT app, watch the DFB-Pokal semi-final matches and answer simple questions. The winners will be announced during the last semi-final match and will have the chance to witness the thrilling finale live in Germany.
As part of its commitment to football education and outreach, WAVES OTT will also feature a DFB-Pokal tutorial series, providing users with historical insights, archival footage, and expert analysis to deepen their understanding of Germany’s prestigious knockout tournament.
About DFB-Pokal
DFB-Pokal (Deutscher Football-Bund Pokal) is Germany’s premier domestic football cup competition, organized by the German Football Association (DFB).
*****
Dharmendra Tewari/Navin Sreejith
(Release ID: 2112974) Visitor Counter : 40
Source: Government of India
Posted On: 19 MAR 2025 4:26PM by PIB Delhi
Matsya-6000 is India’s flagship human submersible aimed to carry three persons to a depth of 6000 meters, developed by the National Institute of Ocean Technology (NIOT), Chennai, under the Ministry of Earth Sciences, as part of the Samudrayaan project of the Deep Ocean Mission launched by the Government of India in 2021.
Matsya- 6000 (2.1-meter diameter personnel sphere) which houses the crew is made of a Titanium alloy and maintains an inside pressure of 1 atmosphere (atm). Further, the personnel sphere spherical pressure hull is tested to bear 720 bars of pressure, which is 1.2 times more than the pressure expected at 6000 meters. All human safety parameters are continuously monitored during the operations and are communicated to the ship-based Mission Control Centre through an acoustic modem, with the pilot communicating updates through the Underwater Acoustic Telephone every 30 minutes. It is designed for operations of up to 12 hours, with an emergency endurance of up to 96 hours, supported by a DNV-certified Human Support and Safety System (HSSS). DNV (Det Norske Veritas) is an internationally accredited registrar and classification society headquartered in Norway. The HSSS maintains the oxygen level at 20 per cent, the CO2 level at less than 1000 ppmv (part per million by volume), and controls humidity by measurement sensors to ensure human life comfort and safety.
The submersible is designed to perpetually float unless made to dive through water filling in its ballast tanks. It has three different combinations of weight drop mechanisms for ascending to the surface to maintain the safety. It has additional emergency power, control, and communication devices for emergency scenarios.
Matsya-6000 is equipped with an Underwater Acoustic Telephone that has been operated and tested for operations up to 10,000 meters depth of human operation vehicles, in addition to a sub-phone rated for 500-meter depth operations. The voice communication is designed to be utilized every 30 minutes with the submersible pilot and the Mission Control Centre so that continuous communication is ensured.
NIOT has signed MoU with the IFREMER (French Research Institute for Exploitation of the Sea), France, facilitating scientific knowledge exchange and participation with the French human scientific submersible for 6000 meters depth named NAUTILE.
This information was given by Dr. Jitendra Singh, Minister of State (Independent Charge) of the Ministry of Science & Technology and Earth Sciences, in a written reply in the Lok Sabha today.
******
NKR/PSM
(Release ID: 2112793) Visitor Counter : 46
Source: The Conversation (Au and NZ) – By Konstantine Panegyres, Lecturer in Classics and Ancient History, The University of Western Australia
In the modern world, we know good nutrition is essential for our health.
Doctors in ancient Greece and Rome knew this too – in fact diet advice was a mainstay of medical practice and health routines. There were extensive and intricate discussions of how to regulate food and drink to stay healthy.
Some of their ideas – such as eating fish and vegetables as a healthy way to lose weight – make sense today. But others may raise eyebrows, such a fig-only diet for Olympic athletes.
So, what did diet and nutrition look like in ancient times? And is there anything we can learn today?
In modern times, diet refers to food and drink. In ancient times, however, the idea of diet was more expansive.
Our word “diet” comes from the ancient Greek word diaita. This could refer to what we eat and drink, but it could also refer to our lifestyle as a whole – including exercise, sleep, sex and other activities.
When prescribing a diaita, ancient doctors did not just tell patients what to eat and drink. They also advised them on what sorts of other activities they should be doing, like exercising or even going to the theatre.
For instance, in the sixth book of the Epidemics, a medical text written in the late fifth century BC, the author calls for moderation not just in what we eat and drink, but also in exercise, sleep and sex.
Ancient doctors believed balance was important for health.
However, not all ancient texts advocate moderation. There are some extreme cases of dieting. For example, the historian Hegesander of Delphi (2nd century BC) wrote:
Anchimolus and Moschus, who were sophistic teachers in Elis, drank nothing but water all their lives and ate nothing but figs, but were no less physically vigorous than anyone else. Their sweat, however, smelled so bad that everyone tried to avoid them in the baths.
In the seventh century BC, athletic trainers also focused on diet as a way to improve their athletes’ physical condition. Trainers such as Iccus of Tarentum introduced strict diets for their athletes to try and gain a competitive edge.
However, their methods were often questionable, according to today’s standards and our knowledge about nutrition.
For example, the Olympic runner Chionis of Laconia apparently also had a strict diet of figs when he was training for his competitions. He won in his event at the Olympics in 668, 664, 660, and 656BC, a remarkable record. Other athletes, such as Eurymenes of Samos (sixth century BC), opted for a diet entirely comprised of meat.
However, there is no evidence to show these restricted diets would have improved athletic performance – and would not be recommended today.
Greek and Roman doctors could not conduct controlled trials as scientists do today.
Nevertheless, they were keen observers of the effects of certain foods on their patients – and saw with their own eyes that a bad diet is not good for us.
For example, the physician Galen of Pergamum (129-216AD) in his work Hygiene attributes his patients’ ill health to poor diet.
He observed
some who are continuously diseased, not due to the intrinsic constitution of the body, but through a bad regimen, or living an idle life, or working too hard, or being in error regarding the qualities, quantities or times of foods, or practicing some exercise that is harmful, or erring in regard to the amount of sleep, or excessive indulgence in sex, or needlessly tormenting themselves with grief and anxiety. Every year I see very many who are sick through such a cause.
Galen thought hard about how certain foods and drinks affect our health and wrote various books on the subject, such as On the Powers of Foods.
This work contains many anecdotes. For instance, one young man drank the juice of the scammony plant, “to cleanse his system” (presumably as a laxative). However
five hours after the dose no evacuation had taken place, and he complained that his stomach felt compressed, his belly was heavy and swollen, consequently he was pale and anxious.
Galen also recognised different diets affect people in different ways:
some people are harmed and some are benefited by the same things and similarly with opposites. […] I know of some who immediately become sick, if they remain three days without exercise, and others who continue indefinitely without exercise and yet are healthy.
Galen’s advice for overweight or obese patients may sound familiar: a “thinning” diet and a lot of fast running. So, exercise, combined with foods that fill you up but don’t make you gain weight.
According to Galen this meant eating vegetables and fish and avoiding wheat, red meat, fruit and wine.
A lot has changed in the world of diet and nutrition. We now have professional dietiticians and empirical methods to measure the nutritional values of foods.
However in their broader definition of “diet”, ancient doctors identified something that remains as true today: the importance of eating well as part of a healthy lifestyle, one that takes care of body and mind and includes exercise, sleep and pleasure.
Konstantine Panegyres does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.
– ref. Figs, meat – and not too much sex. A good diet in ancient times was more than what you ate – https://theconversation.com/figs-meat-and-not-too-much-sex-a-good-diet-in-ancient-times-was-more-than-what-you-ate-249571
