Source: People’s Republic of China in Russian – People’s Republic of China in Russian –
Source: People’s Republic of China – State Council News
Pyongyang, June 5 (Xinhua) — Kim Jong-un, General Secretary of the Workers’ Party of Korea (WPK) and Chairman of the State Affairs Commission of the Democratic People’s Republic of Korea (DPRK), met here on Wednesday with visiting Russian Security Council Secretary Sergei Shoigu, the official Korean Central News Agency (KCNA) reported on Thursday.
At the meeting, the parties exchanged views on protecting the common key interests of the two countries, discussed cooperation in various areas, as well as the regional and international situation, the report says. It is added that during the meeting, the coincidence of the positions of the two countries was confirmed.
“The DPRK will unconditionally support Russia’s position and foreign policy in all serious international political issues, including the Ukrainian issue, and responsibly abide by the articles of the treaty between the DPRK and Russia,” KCNA quotes Kim Jong-un as saying.
S. Shoigu conveyed special gratitude from the Russian leadership to the DPRK servicemen who participated in operations in the Russian Kursk region.
The two sides also expressed the will of the leaderships of both countries to continue to dynamically expand and develop bilateral relations towards a powerful and comprehensive strategic partnership, the KCNA said in a statement. –0–
Source: People’s Republic of China in Russian – People’s Republic of China in Russian –
Source: People’s Republic of China – State Council News
UNITED NATIONS, June 5 (Xinhua) — China’s permanent representative to the United Nations Fu Cong on Wednesday criticized the United States for vetoing a draft UN Security Council resolution calling for an immediate ceasefire in the Gaza Strip and lifting restrictions on humanitarian aid.
He said China was deeply disappointed with the results of Wednesday’s vote. The draft resolution reflected the most pressing demands of the people of Gaza and the voice of the overwhelming majority of the international community.
“The United States has once again abused its veto power, snuffing out a glimmer of hope for the people of Gaza and cruelly leaving more than 2 million people in the dark. They owe an explanation to the international community,” Fu Cong said.
As the main body for maintaining international peace and security, the UN Security Council seeks to achieve a ceasefire in Gaza and has long reached a broad consensus. The results of the vote held on Wednesday once again show that the root cause of the UN Security Council’s inability to resolve the conflict in Gaza is the constant opposition from the United States, Fu Cong said, commenting on the results of the vote.
Washington has repeatedly vetoed UN Security Council resolutions on a ceasefire in Gaza. And because it defends Israel, several UN Security Council resolutions on Gaza have not yet been effectively implemented, he noted.
The US claim that the UN Security Council’s actions at the moment will hinder diplomatic efforts is absolutely untenable, Fu Tsung concluded. -0-
General government debt in Germany increased by €57 billion in 2024 to €2.69 trillion. Central government debt grew the most, by €36 billion. State and local governments recorded an increase of €15 billion and €14 billion, respectively. Debt between central, state and local government, which is factored out when calculating the figure for general government debt, also climbed. The Bundesbank determines Germany’s general government debt as per the definition set out in the Maastricht Treaty, which is harmonised across the EU.
The debt ratio, meaning the ratio of debt to nominal gross domestic product (GDP), fell by 0.4 percentage point to 62.5%. Taken by itself, the increase in nominal GDP reduced the debt ratio by 1.8 percentage points. This outweighed the expansion in debt.
The €57 billion increase in debt was significantly lower than the general government (Maastricht) deficit (€119 billion) published by the Federal Statistical Office. The smaller increase in debt was mainly due to the fact that a large portion of the deficit could be financed by drawing on available bank deposits. In addition, central government was able to limit its borrowing because it was receiving repayments on assistance loans previously granted (during the coronavirus pandemic and to support the energy sector). Such repayments (like the granting of funds before them) do not change the deficit, but do impact the debt level.
Year
Debt level (€ billion)
GDP (%)
Change indebt level (€ billion)
2024
2,689
62.5
57
2023
2,632
62.9
61
2022
2,571
65.0
67
2021
2,504
68.1
156
2020
2,348
68.1
272
2019
2,076
58.7
-11
2018
2,086
60.8
-46
2017
2,133
64.0
-50
In addition to national debt, EU Member States also take on debt collectively at the European level. Around €70 billion of this debt can be ascribed to Germany, an amount equivalent to 1.6% of the country’s GDP. Consolidated EU debt totalled €169 billion in 2023. In 2024, it is estimated to have risen to €282 billion. Ultimately, this joint debt is largely serviced through the EU budget, and Member States therefore have a share in it through their financial contribution to the EU budget. Germany’s financial contribution currently amounts to around one-quarter.
Year
Consolidated debt of EU institutions and bodies (€ billion)*
Germany’s financial contribution (€ billion)
GDP (%)
2024
282
70
1.6
2023
169
43
1.0
2022
110
28
0.7
2021
58
15
0.4
* Maastricht debt of EU institutions and bodies less claims of the EU on Member States. It primarily consists of the debt-financed grants to Member States made since 2021 under the Next Generation EU scheme. Source: Eurostat, 2024. The figures for 2024 contain shares estimated by the Bundesbank.
Background: The EU Member States report data on their general government fiscal balance and debt to the European Commission each year at the end of March and end of September in what are known as EDP notifications. The Bundesbank calculates Maastricht debt, the definition of which is harmonised across the European Union. Germany’s Maastricht debt is largely based on the “debt of the general government budget”, which is calculated using national government finance statistics methodology. The Federal Statistical Office published its figures for this on 26 March 2025. In terms of methodology, Maastricht debt has a broader definition so as to make it comparable across Europe. This means that it generally works out significantly higher than the debt level recorded in the government finance statistics (by €180 billion in 2024).
Announcement – New issue of a 10-year 2.50 % Green Federal bond of 2025 (2035) Increase of the conventional 2.50 % Federal bond of 2025 (2035) | Deutsche Bundesbank
Announcement – New issue of a 10-year 2.50 % Green Federal bond of 2025 (2035) Increase of the conventional 2.50 % Federal bond of 2025 (2035)
Invitation to bid for the new 10-year 2.50 % Green Federal bond of 2025 (2035) | Increase of the conventional 2.50 % Federal bond of 2025 (2035) | Deutsche Bundesbank
Invitation to bid for the new 10-year 2.50 % Green Federal bond of 2025 (2035) | Increase of the conventional 2.50 % Federal bond of 2025 (2035)
Auction result of the new 10-year 2.50 % Green Federal bond of 2025 (2035) / Increase of the conventional 2.50 % Federal bond of 2025 (2035) | Deutsche Bundesbank
Auction result of the new 10-year 2.50 % Green Federal bond of 2025 (2035) / Increase of the conventional 2.50 % Federal bond of 2025 (2035)
The German banks responding to the Bank Lending Survey (BLS) tightened their credit standards slightly for loans to enterprises in the first quarter of 2025, primarily based on risk considerations. By contrast, banks eased their credit standards for loans to households for house purchase. They did not see a need to adjust their credit standards for consumer credit and other lending to households.
Banks tightened their credit standards for loans to enterprises to a lesser extent than they had planned in the previous quarter. They had originally intended to tighten their credit standards for loans to households.
The banks that took part in the survey made credit terms and conditions for loans to enterprises and for consumer credit and other lending to households more restrictive on balance, whilst easing terms and conditions for loans to households for house purchase.
Demand for loans continued to rise in all loan categories, with loans to households for house purchase increasing significantly.
The level of the non-performing loans (NPL) ratio and other indicators of credit quality had tightening effects on lending policies for loans to enterprises and for consumer credit and other lending to households over the past three months.
The ECB Governing Council’s past and expected key interest rate decisions had a negative impact on net interest income, thereby contributing to a deterioration in banks’ profitability in the 2024-25 winter half-year. For the summer half-year, too, banks are expecting the key interest rate decisions to have a negative impact on their net interest income as well as on their profitability.
The BLS covers three loan categories: loans to enterprises, loans to households for house purchase, and consumer credit and other lending to households. On balance, the surveyed banks tightened their credit standards (i.e. their internal guidelines or loan approval criteria) slightly for loans to enterprises. By contrast, they eased their credit standards for loans to households for house purchase. They left their credit standards for consumer credit and other loans to households unchanged. The net percentage of banks that tightened their standards stood at +3% for loans to enterprises (compared with +13% in the previous quarter). Credit standards for loans to enterprises were tightened only for large enterprises. Standards for small and medium-sized enterprises were eased somewhat on balance. The net percentage of banks that tightened their standards for loans to households for house purchase was -7% (compared with +11% in the previous quarter); for consumer credit and other lending to households, this figure was 0% (compared with +11% in the previous quarter). Banks tightened their credit standards for loans to enterprises to a lesser extent than they had planned in the previous quarter. They had originally intended to tighten their credit standards for loans to households.
The banks justified the slight tightening of credit standards for loans to enterprises on the grounds of a perceived increase in credit risk. This assessment relates to the general economic situation, but also to sector and firm-specific factors. Banks’ main rationale for easing credit standards for loans for house purchase was their higher risk tolerance. Another factor was that the outlook on the housing market had improved. They also reported that competition with other banks had increased and capital costs had decreased. For the second quarter of 2025, banks are planning to tighten their credit standards in all loan categories. Here, credit risk is likely to have a restrictive impact on the adjustment of credit standards owing to the tense economic situation and a decline in borrower creditworthiness.
Change in credit standards for loans to households for house purchase and contributing factorsOn balance, banks tightened their terms and conditions (i.e. the terms and conditions actually approved as laid down in the loan contract) for loans to enterprises as well as for consumer credit and other lending to households. The restrictive adjustments in both loan categories are the outcome of higher lending rates and an increase in margins irrespective of credit ratings. The banks justified these adjustments primarily on the grounds of their reduced risk tolerance and a perceived increase in credit risk. Banks eased their terms and conditions for loans to households for house purchase overall by reducing their margins. They stated that this was mainly due to stronger competition and an improvement in their liquidity base.
The surveyed banks reported that demand for bank loans in Germany had risen on balance in all loan categories in the first quarter of 2025, with loans to households for house purchase registering significant growth. Banks stated that the marginal rise in demand for loans to enterprises was driven by various factors: increased demand for mergers, acquisitions and corporate restructuring, as well as for refinancing, debt restructuring and renegotiation. In addition, debt securities were replaced to some degree by bank loans. Interest rate levels once again supported demand for loans, albeit to a lesser extent than in the previous two quarters. By contrast, financing needs for fixed investment declined on balance. The high degree of uncertainty surrounding economic and (geo)political developments is likely to have been a factor here. According to the surveyed banks, the considerable rise in demand for loans to households for house purchase was mainly attributable to the lower level of interest rates and households’ positive view of the outlook on the housing market. Higher consumer confidence also boosted demand. Banks put the rise in demand for consumer credit and other lending to households down to an increase in purchases of durable consumer goods. The loan rejection rate for loans to enterprises went up again, but only for loan requests and applications from small and medium-sized enterprises. There was no change in the rejection rate for large enterprises. The rejection rate declined for loans for house purchase and for consumer credit and other lending to households. For the second quarter of 2025, banks are expecting to see demand increase further across all three loan categories. On balance, they expect demand for housing loans to rise at a significantly more subdued rate than in the first quarter.
Change in demand for loans to households for house purchase and contributing factorsThe April survey round contained ad hoc questions on participating banks’ financing conditions and the impact of the ECB Governing Council’s past and expected key interest rate decisions. It also contained questions about the impact of the Eurosystem’s monetary policy asset portfolios and of NPLs and other indicators of credit quality on the institutions’ lending policies.
Against the backdrop of conditions in financial markets, German banks reported virtually no change in their funding situation compared with the previous quarter. The ECB Governing Council’s past and expected future key interest rate decisions have had, overall, a negative impact on banks’ profitability over the past six months. After the interest rate cuts in October and December 2024 and in February and March 2025, key interest rate decisions ceased to have a positive impact for the first time since this question was introduced. For the 2025 summer half-year, banks are once again expecting key interest rate decisions to have a negative impact on their net interest income as well as on their profitability. Taken in isolation, the reduction in the Eurosystem’s monetary policy securities holdings weakened the liquidity position of banks in Germany. German banks assessed the impact on their financing conditions and capital ratios, too, as slightly negative.
In the first quarter of 2025, the level of the NPL ratio (the stock of gross NPLs on the bank’s balance sheet as a percentage of the gross carrying amount of loans) and other indicators of credit quality had restrictive effects on lending policies for loans to enterprises and on consumer credit and other lending to households. In the second quarter of 2025, the banks are expecting this restrictive effect stemming from the decline in credit quality to continue.
The Bank Lending Survey, which is conducted four times a year, took place between 10 March and 25 March 2025. In Germany, 33 banks took part in the survey. The response rate was 97%.
Change in credit standards for loans to enterprises and contributing factors
Change in demand for loans to enterprises and contributing factorsTime series credit standards
Loans to enterprises
Loans to households for house purchase
Consumer credit and other lending to households
Source: United States House of Representatives – Congressman John Moolenaar (4th District of Michigan)
Headline: Moolenaar: Michigan Arrest Highlights CCP Threat to Our Food Supply and Our Universities
Today, the Justice Department announcedit is chargingtwo Chinese nationals with attempting to smuggle a dangerous plant disease into the United States. The charges were brought against Yunqing Jian, a researcher at the University of Michigan and member of the Chinese Communist Party, and her boyfriend, Zunyong Liu, who is employed by a Chinese university. Congressman John Moolenaar released the following statement in response to the announcement.
“The criminal charges unsealed in federal court show loyal members of the Chinese Communist Party were planning to experiment on a plant disease that would devastate Michigan agriculture and the food supply our nation depends on. This case should be fully prosecuted as a threat against our country. This is only further proof that American universities must be more vigilant when it comes to research security and the participation of Chinese nationals in these institutions,” said Moolenaar.
The criminal complaint alleges that Liu lied to investigators last year while attempting to bring a fungus known as Fusarium graminearum through the Detroit Metropolitan Airport. According to the academic journal “Food Security” the fungus is classified as a potential agroterrorism weapon. The fungus causes blight in a variety of field crops and is responsible for crop damage around the world. It also produces toxins damaging to the health of humans and livestock.
Reference is made to the stock exchange notice from IDEX Biometrics ASA on 21 May 2025 regarding the subscription period (the “Subscription Period”) in the subsequent offering (the “Subsequent Offering”) consisting of up to 600 million new shares at a subscription price of NOK 0.01 per share (“Offer Shares”).
The Subscription Period will end today, 5 June 2025, at 16:30 CET.
This Subsequent Offering is conducted to give the shareholders not participating in the debt conversion on 11 April 2025 an opportunity to subscribe for Offer Shares at a subscription price per share equal to the subscription price in the debt conversion.
Completed subscription forms must be received by Arctic Securities AS, or, in the case of online subscriptions, be registered by the expiry of the Subscription Period. Subscription rights that are not used to subscribe for Offer Shares in the Subsequent Offering before the expiry of the Subscription Period will have no value and will lapse without compensation to the holder.
Further information about the Subsequent Offering and the subscription procedures is included in the prospectus prepared in respect of the Subsequent Offering, which is available at
IDEX Biometrics ASA (IDEX) is a global technology leader in fingerprint biometrics, offering authentication solutions across payments, access control, and digital identity. Our solutions bring convenience, security, peace of mind and seamless user experiences to the world. Built on patented and proprietary sensor technologies, integrated circuit designs, and software, our biometric solutions target card-based applications for payments and digital authentication. As an industry-enabler we partner with leading card manufacturers and technology companies to bring our solutions to market. For more information, visit www.idexbiometrics.com
About this notice:
This notice was issued by Kristian Flaten, CFO, on 5 June 2025 at 08:15 CET on behalf of IDEX Biometrics ASA. The information shall be disclosed according to section 5-8 of the Norwegian Securities Trading Act (STA) and released in accordance with section 5-12 of the STA.
Source: United States Department of Defense (video statements)
Defense Secretary Pete Hegseth delivers remarks at a NATO defense ministers meeting in Brussels, June 5, 2025.
For more on the Department of Defense, visit: http://www.defense.gov
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Announcement on Open Market Operations No.105 [2025]
(Open Market Operations Office, June 5, 2025)
The People’s Bank of China conducted reverse repo operations in the amount of RMB126.5 billion through quantity bidding at a fixed interest rate on June 5, 2025.
Source: Northern Territory Police and Fire Services
As part of ACT Government’s ‘One Government, One Voice’ program, we are transitioning this website across to our . You can access everything you need through this website while it’s happening.
Counterfeit (fake) ‘Xanax’ containing a novel benzodiazepine and a strong synthetic opioid has been found in the ACT.
This mix of drugs could cause overdose or death.
This drug combination has not previously been found in the ACT.
Any use of illicit and counterfeit (fake) drugs carries a risk to health.
What is the issue?
A mix of dangerous drugs has been found in counterfeit (fake) ‘Xanax’ in Canberra. Multiple benzodiazepines (including bromazolam, a strong non-registered benzodiazepine, alprazolam and diazepam) and a very strong synthetic opioid (protonitazene) have been detected in a sample tested at the CanTEST Health and Drug Checking Service. Consuming this mix of illicit drugs could be life threatening.
Why is this dangerous?
There is the increased risk of overdose and death from a combination of a strong synthetic opioid and a benzodiazepine, especially when it is unexpected. Counterfeit (fake) drugs can look very similar to legitimate products. You should only consume benzodiazepines that have been prescribed to you by a doctor and dispensed by a pharmacy. There is the potential for contaminants in counterfeit (fake) products that can increase the risk of severe adverse effects.
What do I do if I have taken counterfeit (fake) ‘Xanax’?
If you experience unexpected or adverse drug effects, feel unwell, or are with someone who does, seek urgent medical attention at a hospital emergency department or call emergency triple zero (000) and ask for an ambulance.
Signs of an opioid overdose can include:
drowsiness
difficulty speaking or walking
loss of consciousness
unusual (slow or obstructed) breathing, or
skin turning blue or grey.
The risk of harms from illicit substances is higher if you are alone, or use them in combination with other drugs including alcohol.
Take Home Naloxone
Naloxone is an easy-to-use life-saving medicine that can temporarily reverse an opioid overdose. Free naloxone is available without a prescription from locations throughout the ACT for people at risk of opioid overdose or who may witness an overdose. This includes people who take counterfeit (fake) benzodiazepines because of the risk of contamination with opioids. More information can be found here.
Always call an ambulance if opioid overdose is suspected, even if naloxone has been given. Synthetic opioids like nitazenes may need repeat doses of naloxone.
What do I do, if I think I have counterfeit (fake) ‘Xanax’?
If you or someone you know might be in possession of counterfeit drugs, you should safely dispose of it. Testing and/or safe disposal of small amounts can be done at the CanTEST Health and Drug Checking Service. For further details about drug checking visit the ACT Health website.
This alert has been issued on the basis of the information available at the time of the alert’s release in the interests of prompt communication about the risks of this substance.
Source: Northern Territory Police and Fire Services
The Northern Territory Police Force responded to multiple burglaries in Alice Springs yesterday and have arrested two male youths allegedly involved.
About 10:15am, the Joint Emergency Services Communication Centre (JESCC) received reports of a burglary at a residence in Braitling. It is alleged an unknown number of offenders caused damage before entering the residence and stealing personal items from within.
Later, about 3:10pm, the JESCC received reports of a burglary at a different address in Braitling. It is alleged four unknown offenders were dropped off by a vehicle before they unlawfully entered the residence by causing damage. It is unknown if anything was stolen before they fled the scene in the same vehicle that dropped them off nearby.
A short time later, about 4:30pm, the JESCC received reports of a burglary at a residence in East Side. It is alleged four to six unknown offenders unlawfully entered the residence and demanded car keys from a female inside. The victim retreated to the laundry, locking herself inside and called Triple Zero. The alleged offenders continued to rummage through the house, locating the keys to a white Toyota RAV4 before stealing it from the premises. As they were leaving the location they allegedly swerved towards responding police vehicles, narrowly missing.
The vehicle allegedly drove erratically through the Alice Springs CBD and further members from Strike Force Viper, Dog Operations Unit and general duties deployed.
A Tyre Deflation Device was unsuccessfully deployed as the vehicle travelled south along the Stuart Highway. Soon after, the vehicle allegedly targeted a police vehicle by throwing large rocks, causing minor damage.
The vehicle was later located abandoned just north of Braitling.
This morning, police arrested two male youths, aged 14 and 16-years-old, for their alleged involvement in the morning burglary in Braitling and the 4:30pm burglary in East Side. Charges are expected to follow.
Strike Force Viper has carriage of the investigation and are working to identify and apprehend anyone involved. It is not known at this stage if all three incidents are linked.
Anyone with information in relation to the incident is urged to contact police on 131 444. You can make an anonymous report via Crime Stoppers by calling 1800 333 000.
Source: United States Bureau of Alcohol Tobacco Firearms and Explosives (ATF)
PITTSBURGH, Pa. – A resident of New Castle, Pennsylvania, has been sentenced in federal court to 70 months in prison for conspiring to distribute fentanyl and fluorofentanyl, Acting United States Attorney Troy Rivetti announced today.
Senior United States District Judge Arthur J. Schwab imposed the sentence on Kailin Stewart, 38, who previously pleaded guilty to conspiring to distribute 40 grams or more of fentanyl and 10 grams or more of fluorofentanyl between May 2021 and October 2022.
According to information presented to the Court, Stewart was on state parole in 2022 following his release from an 11- to 40-year Pennsylvania state prison sentence for a conviction for conspiracy to commit homicide. The Court also was informed that Stewart was responsible for the trafficking of between 70 and 100 grams of a mixture of fentanyl and fluorofentanyl while on state parole.
Judge Schwab ordered that Stewart’s federal prison sentence be served consecutive to any Pennsylvania state parole revocation sentence Stewart may receive. Judge Schwab also ordered that Stewart serve four years of supervised release following his federal prison sentence.
Assistant United States Attorney Craig W. Haller prosecuted this case on behalf of the United States.
Acting United States Attorney Rivetti commended the Federal Bureau of Investigation, Pennsylvania Office of Attorney General, United States Postal Inspection Service, Bureau of Alcohol, Tobacco, Firearms and Explosives, Lawrence County Drug Task Force, Mercer County Drug Task Force, New Castle Police Department, Sharon Police Department, and Pennsylvania State Police for the investigation leading to the successful prosecution of Stewart.
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES, AUSTRALIA, CANADA, NEW ZEALAND, HONG KONG, JAPAN, SINGAPORE, SOUTH AFRICA, SOUTH KOREA OR ANY OTHER JURISDICTION WHERE SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL OR WOULD REQUIRE REGISTRATION OR ANY OTHER MEASURES. PLEASE REFER TO IMPORTANT INFORMATION AT THE END OF THE PRESS RELEASE.
Today, June 5, 2025, is the last day of trading in unit rights issued in connection with Terranet AB’s (“Terranet” or the “Company”) rights issue of units which the Board of Directors resolved on April 16, 2025, and was approved by the annual general meeting on May 23, 2025 (the “Rights Issue”). Unit rights that are not sold or used for subscription will expire worthless.
Summary of the Rights Issue:
The Rights Issue comprises a maximum of 13,880,714 units. One unit in the Rights Issue consists of twelve (12) B-shares and three (3) warrants of series TO9 B. The warrants are issued free of charge.
The subscription price per unit in the Rights Issue is SEK 1.08 per unit, corresponding to SEK 0.09 per B-share. Upon full subscription, the Rights Issue will provide Terranet with approximately SEK 15 million before deduction of issue costs.
The right to subscribe for units in the Rights Issue shall, with preferential rights, be granted to shareholders in proportion to the number of shares they already own, where one (1) existing share entitles the holder to one (1) unit right, and eighty-six (86) unit rights entitle the holder to subscribe for one (1) unit.
The last day of trading in Terranet’s B-shares including the right to receive unit rights in the Rights Issue was April 25, 2025. The B-shares will be traded excluding the right to receive unit rights from April 28, 2025.
The subscription period for the Rights Issue runs from May 27, 2025, up to and including June 11, 2025.
The Rights Issue is covered by subscription commitments of approximately SEK 35.2 thousand, corresponding to 0.2 percent of the Rights Issue, and underwriting commitments of approximately SEK 15 million, corresponding to approximately 99.8 percent of the Rights Issue. Thus, the Rights Issue is covered to 100 percent by subscription commitments and underwriting commitments.
Preliminary timetable for the Rights Issue
May 27, 2025 – June 5, 2025
Trading in unit rights
May 27, 2025 – June 11, 2025
Subscripition period
May 27, 2025 – June 30, 2025
Trading in paid subscribed units (BTU)
June 13, 2025
Preliminary date for publication of the outcome in the Rights Issue
Advisers Mangold Fondkommission AB is the financial advisor to Terranet in connection with the Rights Issue. Eversheds Sutherland Advokatbyrå AB is the legal advisor to the Company in connection with the Rights Issue.
Terranet’s goal is to save lives in urban traffic. The company develops innovative technical solutions for Advanced Driver Assistance Systems (ADAS) and Autonomous Vehicles (AV). Terranet’s anti-collision system BlincVision laser scans and detects road objects up to ten times faster than any other ADAS technology available today. The company is headquartered in Lund, with offices in Gothenburg and Stuttgart. Since 2017, Terranet has been listed on Nasdaq First North Premier Growth Market (Nasdaq: TERRNT-B).
Certified Adviser to Terranet is Mangold Fondkommission AB.
Important information The release, announcement or distribution of this press release may, in certain jurisdictions, be subject to restrictions. The recipients of this press release in jurisdictions where this press release has been published or distributed shall inform themselves of and follow such restrictions. The recipient of this press release is responsible for using this press release, and the information contained herein, in accordance with applicable rules in each jurisdiction. This press release does not constitute an offer, or a solicitation of any offer, to buy or subscribe for any securities in Terranet in any jurisdiction, neither from Terranet nor anyone else.
This press release does not constitute or form part of an offer or solicitation to purchase or subscribe for securities in the United States. The securities referred to herein may not be sold in the United States absent registration or an exemption from registration under the US Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold within the United States absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. There is no intention to register any securities referred to herein in the United States or to make a public offering of the securities in the United States. The information in this press release may not be announced, published, copied, reproduced or distributed, directly or indirectly, in whole or in part, within or into Australia, Hong Kong, Japan, Canada, New Zealand, Switzerland, Singapore, South Africa, the United States or in any other jurisdiction where such announcement, publication or distribution of the information would not comply with applicable laws and regulations or where such actions are subject to legal restrictions or would require additional registration or other measures than what is required under Swedish law. Actions taken in violation of this instruction may constitute a crime against applicable securities laws and regulations.
Frankfurt, Germany, June 05, 2025 (GLOBE NEWSWIRE) — valantic FSA, a leading provider of digital automation solutions for the financial industry, has appointed Dr. Holger Wohlenberg as Chief Executive Officer, effective June 1, 2025.
Dr. Wohlenberg brings extensive experience at the intersection of finance, technology and data, including senior leadership roles at Deutsche Börse Group, where he was instrumental in expanding the firm’s proprietary data and technology businesses.
This appointment underscores valantic FSA’s next stage of development and growth as it further scales its presence and impact in Europe, and worldwide, supporting capital markets and financial services providers with effective end to end workflow automation and integration solutions for business-critical workflows. Dr. Wohlenberg succeeds Joachim Lauterbach who has decided to move on after ten years, having put valantic FSA firmly on the map as a multi-solution service provider with over 100 customers in 18 countries.
“I’m thrilled to join a team that combines deep industry expertise and powerful technology to deliver innovation and meaningful change in electronic trading and workflow automation.” said Holger Wohlenberg. “I look forward to building on these strong foundations, working with the valantic FSA team, our clients, and our partners, to continue to make an impact in the delivery of mission-critical financial processes.”
valantic FSA sits at the heart of digital transformation in financial services, delivering automation and integration solutions to banks, asset managers and capital markets infrastructure providers. Part of the valantic Group, valantic FSA is one of the fastest-growing financial technology solutions providers in Europe, supporting financial institutions and firms across the continent – and worldwide – to enhance the productivity of capital markets, electronic trading, payments and core banking workflows.
Holger von Daniels, valantic Group CEO, commented: “We’re excited to welcome Holger Wohlenberg to valantic. His strategic insight and extensive experience scaling technology-led businesses will help drive the next phase of scale and growth at FSA. We would like to thank the outgoing CEO Joachim Lauterbach for his energy, leadership and vision in establishing strong foundations for our continuing success as a trusted partner in financial services automation.”
Dr. Wohlenberg’s appointment comes at a time of unprecedented demand from financial market participants for scalable, intelligent and interoperable digital solutions to manage increasingly complex operational, regulatory and customer engagement workflows.
About valantic FSA valantic FSA automates the trading and transaction workflows at more than 100 firms in the Financial Services industry.
Our mission is to digitize, augment and evolve the value streams within our clients. This delivers new levels of efficiency, insight, and agility so that our clients can position themselves for maximum impact today and in the future.
Our deep industry expertise is used to assemble these systems from a broad range of proven components and next generation technologies.
The Directorate General of Civil Aviation (DGCA) has directed Turkish Airlines to ensure full compliance with international and national aviation safety regulations after a series of inspections revealed multiple lapses in operations across Indian airports.
Between May 29 and June 2, the DGCA conducted Safety Oversight and Ramp (SOFA/RAMP) inspections of Turkish Airlines’ passenger and cargo flights at Delhi, Hyderabad, Chennai, and Bengaluru. The inspections were conducted under Article 16 of the Convention on International Civil Aviation to assess adherence to ICAO Standards and Recommended Practices as well as DGCA norms.
At Bengaluru airport, the DGCA found that the marshaller responsible for ground operations did not hold proper authorization or a valid competency card. This shortfall raises concerns about the safety of aircraft movements on the ground.
Further, the inspection revealed that during aircraft arrivals, an authorized Aircraft Maintenance Engineer (AME) was not always present, with technicians performing arrival procedures in their stead. M/s Airworks, the authorised engineering service provider for Turkish Airlines, must ensure strict compliance with maintenance protocols.
Cargo handling processes also came under scrutiny. The DGCA noted that dangerous goods, including explosives, were transported without the mandatory permissions required for carriage in Indian airspace. These permissions were neither attached nor mentioned in the relevant Dangerous Goods Declaration.
Ground handling arrangements were found wanting as well. Turkish Airlines was operating without a formal Service Level Agreement (SLA) with its ground handling agent at Hyderabad and Bengaluru. Essential equipment such as ladders, trolleys, and Ground Power Units (GPUs) lacked proper accountability and monitoring. Moreover, Globe Ground India was providing ground services without a formal handover from the previous contractor, Celebi, raising questions over operational oversight.
The DGCA has directed Turkish Airlines to promptly address these deficiencies and comply fully with ICAO standards and DGCA regulations.
Prime Minister Narendra Modi on Wednesday reiterated his government’s unwavering commitment to the welfare of the poor, calling the past 11 years of National Democratic Alliance (NDA) rule a period of transformative and inclusive governance.
In a post on X, Prime Minister Modi said the government’s sustained efforts had helped lift more than 25 crore people out of poverty. “Over the past decade, the NDA Government has taken pathbreaking steps to uplift several people from the clutches of poverty, focussing on empowerment, infrastructure and inclusion,” he said. Citing key welfare schemes like the Pradhan Mantri Awas Yojana, PM Ujjwala Yojana, Jan Dhan Yojana and Ayushman Bharat, the Prime Minister said these initiatives had expanded access to housing, clean cooking fuel, banking and healthcare, particularly for marginalised communities.
The Prime Minister also underlined the role of Direct Benefit Transfer (DBT), digital inclusion, and investments in rural infrastructure in ensuring the transparent and efficient delivery of benefits. According to him, these initiatives, driven by a governance model rooted in compassion, have ensured that help reaches the last mile, offering citizens the dignity of self-reliance.
The NDA government, he said, remains committed to building an inclusive and self-reliant India—“where every citizen has the opportunity to live with dignity.”
A key element of this welfare architecture has been the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY), a food security programme launched in 2020 as part of the Atmanirbhar Bharat package. Initially introduced to provide free food grains to migrants and economically vulnerable sections during the COVID-19 pandemic, the scheme has undergone several extensions over the past few years.
In its latest phase, the PMGKAY has been extended for five years starting January 1, 2024, at an estimated cost of ₹11.80 lakh crore. More than 81 crore beneficiaries—including Antyodaya Anna Yojana (AAY) households and Priority Households (PHH) identified under the National Food Security Act (NFSA)—will receive free food grains as per their monthly entitlements.
Under the scheme, wheat is being distributed in six states and Union Territories—Punjab, Haryana, Rajasthan, Chandigarh, Delhi and Gujarat—while rice is allocated to the rest of the country. Beneficiaries include families falling under the Antyodaya Anna Yojana (AAY) and Priority Household (PHH) categories, as identified by respective state governments and UT administrations.
AAY households are those headed by widows, the terminally ill, disabled or elderly persons without assured means of subsistence. Other eligible groups include primitive tribal families, landless agricultural labourers, marginal farmers, rural artisans, slum dwellers, daily-wage earners in the informal sector, and Below Poverty Line (BPL) families of HIV-positive individuals.
Earlier in the evening, the Prime Minister also chaired a meeting of the Union Council of Ministers, though no official details from the meeting were immediately released.
Source: Moscow Government – Government of Moscow –
The platform “Myryadom.online” annually conducts more than 10 thousand consultations. Specialists City Psychological and Pedagogical Center capital Department of Education and Science They respond to requests from Muscovites, offer relevant self-help techniques and advise on how to overcome difficulties.
“Myryadom.online” is a capital-based psychological support platform for schoolchildren, college students and their parents. You can get support from specialists remotely — free and anonymous. To do this, just call by phone, write in the chat or send an email. This year, the platform was updated: its functionality has become more convenient and understandable. In addition, a section with useful materials has appeared. It contains self-help techniques and answers to frequently asked questions,” the press service of the Moscow Department of Education and Science said.
In the new section, some of the topics are designed as comics, where characters discuss unrequited love, dreams of the future and quarrels with friends, and also teach how to cheer yourself up. The site offers selections of books and films with recommendations from experts. They are suitable for family viewing, as well as for relaxing with friends or independent leisure. After viewing, users can discuss their impressions and emotions in a chat with a psychologist.
“Consultations are conducted by qualified psychologists with real work experience: each of them has not only undergone professional training, but also conducted face-to-face consultations. The specialists have years of practice and a special understanding of developmental psychology. Young Muscovites turn to them with various issues, including difficulties in communicating with peers and parents, worries about their future profession, difficulties with academic performance at school, and others,” noted Anastasia Kuznetsova, director of the City Psychological and Pedagogical Center.
On the platform, children can also communicate with the chatbot Boris, who helps them understand themselves, learn to set boundaries, and cope with emotions. Interaction with him is built like a step-by-step game — the final result of a particular task depends on the decision made. At the same time, you can always return to the previous stage to choose another option and see how the situation changes. However, there are no clearly correct or incorrect answers. Boris teaches various techniques: active listening, psychological flexibility, safe expression of feelings, and much more. The methods do not require special training and are suitable for anyone who wants to improve their communication skills.
In addition to children and teenagers, parents can contact Myryadom.online to discuss, for example, the child’s behavior, anxieties, and experiences. Specialists answer questions about what reactions are age-appropriate, how to build trusting relationships in the family, and how to set goals correctly. If necessary, the psychologist will tell you how to sign up for an in-person appointment.
You can find out more and write to a psychologist on the website “WeAreNearby.online”. The anonymous online chat is open Monday through Friday from 09:00 to 21:00. If you need help at other times, you can call the helpline: 7 800 200-01-22 (124 from a mobile phone).
Informing the capital’s students and their parents about psychological approaches to constructive communication, self-realization and leisure activities helps strengthen family relationships, increase the level of self-esteem and effectiveness of the child, and also corresponds to the goals of the “We are together” national project “Youth and Children”.
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Source: Moscow Government – Government of Moscow –
On June 6, a large summer program will open on Chistoprudny Boulevard, which will transform one of Moscow’s main promenade streets into a center of dance and creative activity. As part of the “Summer in Moscow” project, master classes, battles, performances by dance school students and open-air concerts will be held here. The “Street. Dances” project on Chistoprudny Boulevard will last until the end of the season.
The festive opening is scheduled for 18:00. Guests will be greeted by a DJ, and the main program will begin at 19:00. The host, popular choreographer and international dancer Evgeny Papunaishvili, will take to the stage, which is located almost in the very center of the boulevard. He will introduce the participants and directions of the project to the public, and will also conduct an open master class. The day will end with a bright party, which will begin at 20:30 and last until 22:30.
The audience will get acquainted with the project program and see performances by the leading dance schools of the capital. Their numbers will be shown by:
— “Just Dance” school (salsa);
— All-Russian Federation of Social Dances (bachata);
— center of contemporary choreography Todes (modern dance);
— production center “Young Artist” (children’s choreography, acting);
— “Danceclass” club (boogie-woogie and Lindy-hop);
— school “Lisoborye” (modern swing);
— dance school “TantsBaza” (intellectual modern dances).
All summer long, Chistoprudny Boulevard will operate as a full-fledged festival site. Four specially equipped podiums within the framework of the project “Street. Dances” will become a place for classes by famous choreographers, demonstration performances, open lessons and dance flash mobs. Regular master classes will be held in a variety of areas – from Latin American styles to hip-hop, modern and street improvisation.
Concerts, live performances and special music projects are planned on the central stage with columns. Parties with live music and dancing in the open air will become the calling card of the summer season.
Special attention is paid to street dancing: you can watch hip-hop and breaking battles on the themed platform. Qualifying rounds will be held every two weeks, and the final competition is scheduled for September 7. Both professional dancers and street teams will be able to participate in the competitions. Registration is conducted in advance. The winners will have the opportunity to perform in the final and compete for the title of the best street dancers of the project.
Latin American culture lovers will be able to take part in master classes in bachata, salsa and kizomba, and for guests who prefer a leisurely holiday, there are lounge and photo zones, creative workshops. In addition, in the summer there are planned to be filming of dance videos, open rehearsals and educational formats with the participation of experts.
One of the key elements of the program will be a video contest, organized jointly with Evgeniy Papunaishvili. Anyone who wishes will be able to film and post their dance number on social media, and the dancer’s team will select the best videos and award prizes to the authors.
The project on Chistoprudny Boulevard is part of the large-scale city festival “Summer in Moscow”. It combines active recreation, creativity, sports and city events in different districts of the capital. The dance program will last all summer and will be open to everyone. Participation in all events is free.
Project “Summer in Moscow” — the main event of the season. It brings together the most vibrant events of the capital. Every day, charity, cultural and sports events are held in all districts of the city, most of which are free. The Summer in Moscow project is being held for the second time, and the new season will be more eventful: new, original and colorful festivals and events will be added to the traditional ones.
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Source: Moscow Government – Government of Moscow –
In Moscow, with the support of the capital Department of Culture The project “Cinema Summer in Zaryadye” has begun. Until September 7, on weekends and holidays, films from the golden fund of Russian cinema will be shown on the site under the glass bark in the park.
Films from 35 mm film will be shown using a mobile cinema. Each film will be presented by famous directors, actors, film experts, writers and other cultural and public figures.
The program includes 30 films from the collection of the Russian State Film Fund, the Mosfilm film concern, the Cinema Museum and Moskino, from romantic comedies and war dramas to space travel and social research. Thus, you can watch the works of directors Vladimir Menshov, Tatyana Lioznova, Karen Shakhnazarov, Grigory Alexandrov, Mikhail Kalatozov and Alla Surikova.
In the space under the glass dome, films by Soviet classics will come to life: the satirical comedy Welcome, or No Trespassing (1964), the romantic comedy Three Plus Two (1963), the light comedy Be My Husband (1981), the dramatic story about love, music and fate Winter Evening in Gagra (1985), the film Jolly Fellows (1934), which became a symbol of the era, and other films.
Some of the film screenings will be timed to coincide with significant events and memorable dates. Thus, for Russia Day (June 12), they will show the animated film Prince Vladimir (2006) — a fairy tale version of the story of Vladimir the Red Sun. On Remembrance and Sorrow Day (June 22), you can watch films about the Great Patriotic War — The Cranes Are Flying (1957) and Brest Fortress (2010). For Family, Love and Fidelity Day (July 8), the project’s curatorial group has prepared a screening of the films When the Trees Were Big (1961), Love and Doves (1984), Relatives (1981), and Men! (1981).
On Youth Day (June 29), two diametrically opposed films will be shown: Karen Shakhnazarov’s social drama “Courier” (1986) about growing up and making choices, and Oksana Bychkova’s melodrama “Piter FM” (2006) about how a combination of circumstances can change the fate of two people. On the Day of the State Flag of the Russian Federation (August 22), viewers will see Yuri Egorov’s legendary feature film “Volunteers” (1958).
On Cinema Night on August 23, you can join a special screening of the cult comedy The Man from Boulevard des Capucines (1987), and in honor of City Day, guests will be treated to three legendary films about the capital: Vladimir Menshov’s melodrama Moscow Does Not Believe in Tears (1979), Georgy Natanson’s romantic story Once More About Love (1967), and Tatyana Lioznova’s touching film Three Poplars on Plyushchikha (1968).
The schedule of film screenings can be found at link. Free admission.
The partners of the “Kinolet in Zaryadye” are the State Museum and Exhibition Center “Rosizo” and the “Videodrom” project.
Project “Summer in Moscow” — the main event of the season. It brings together the most vibrant events of the capital. Every day, charity, cultural and sports events are held in all districts of the city, most of which are free. The Summer in Moscow project is being held for the second time, and the new season will be more eventful: new, original and colorful festivals and events will be added to the traditional ones.
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Source: Moscow Government – Government of Moscow –
The Moscow government has approved a territory planning project (TPP) of 432.9 hectares located in the Nekrasovka and Kosino-Ukhtomsky districts. Its part, which is 32.52 hectares, will be reorganized under the integrated territorial development program (ITD). This was reported by Deputy Mayor of Moscow for Urban Development Policy and Construction Vladimir Efimov.
“The territory allocated for the KRT project consists of six plots with a total area of 32.52 hectares and belongs to the Nekrasovka district. Comfortable housing with social, public, business and industrial infrastructure will be built there. In particular, it is planned to build educational facilities, it is envisaged to create more than 2.5 thousand school and 950 preschool places. The total area of new buildings will exceed 68 thousand square meters. On a plot remote from residential buildings, a facility with an area of 5.72 thousand square meters will be built to accommodate modern high-tech production. Thanks to the implementation of the project, about 3.6 thousand more jobs will be created in Nekrasovka,” said Vladimir Efimov.
The project is being implemented by an operator appointed by the city. The areas that will be redeveloped using the KRT mechanism are located near Nekrasovka Park, on Vertoletchikov, Maresyeva, Lavrinenko Streets and in Proektiruemy Proezd No. 4296. Most of them are not built up. The area has good transport accessibility: the Nekrasovka metro station is nearby, and the Moscow High-Speed Diameter also passes through.
“In addition to housing, social infrastructure and production, it is planned to build a shopping center with underground parking here. This will allow residents of new buildings to make purchases near their homes. In addition, the integrated development project for the territory provides for the improvement and landscaping of about six hectares near residential buildings and other facilities, as well as the construction and reconstruction of almost 3.5 kilometers of roads,” noted the Minister of the Moscow Government, Head of the Department of Urban Development Policy of the capital
Juliana Knyazhevskaya, Chairperson of the Moscow Committee for Architecture and Urban Development, added that the PPT was developed by Moskomarkhitektura taking into account all aspects for improving the urban environment and quality of life of residents. Within the framework of this project, a new pedestrian boulevard with an area of more than 1.7 hectares and a length of about 900 meters will be formed. It will stretch along the Moscow High-Speed Diameter between Sochinskaya and Maresyeva Streets.
According to the program of integrated development of territories, multifunctional city blocks are being created, where roads, comfortable housing and all necessary infrastructure are being designed on the site of former industrial zones and inefficiently used areas. Currently, 302 KRT projects with a total area of about 4.2 thousand hectares are at various stages of development and implementation in Moscow. This work is being carried out on behalf of Sergei Sobyanin.
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Source: Moscow Government – Government of Moscow –
Since autumn 2022, more than 215 thousand contracts have been concluded on the supplier portal using a trading bot. Reducing the starting price in such purchases allowed customers to save over 11 billion rubles. This was reported by Maria Bagreeva, Deputy Mayor of Moscow, Head of the Moscow Department of Economic Policy and Development.
“The supplier portal trading bot allows entrepreneurs to participate in several quotation sessions simultaneously. This way, they save time, and customers receive goods or services at a better price due to the high level of competition. Since October 2022, when the bot began its work, 215.1 thousand contracts worth more than 29 billion rubles have been concluded as a result of procedures using it. The starting price during quotation sessions decreased by 11.1 billion rubles,” said Maria Bagreeva.
Quotation sessions are mini-auctions that last for three, six or 24 hours. During this time, suppliers compete with each other, gradually reducing the initial contract price. The entrepreneur who offers the lowest price wins. The trading bot automates the procedure, independently placing bids until it reaches the minimum price set by the supplier before the auction. This allows entrepreneurs to participate in several sessions at the same time. In just five months of 2025, more than 35 thousand contracts worth over 5.2 billion rubles were concluded with the help of the bot.
“During the service’s existence, entrepreneurs from Moscow and the Moscow Region have used it most actively. They concluded 122.9 and 40.6 thousand contracts, respectively. This is 76 percent of the total number of contracts. The top five leaders in terms of the number of transactions concluded as a result of the digital assistant’s work also included Perm Krai, St. Petersburg and the Pskov Region,” added the head of the capital’s Department of Competition Policy.
As noted in the capital Department of Information Technology, when developing the platform, the city takes into account the needs of entrepreneurs, refining services based on feedback. The automatic bidding bot has become a reliable assistant for users: it optimizes the processes of participation in competitive procedures, saves resources and attracts new suppliers.
Beginners may find the free course “Supplier School” on quotation sessions useful. It helps to understand mini-auctions and practice during the training procedure.
Suppliers portal was created in 2013 to automate small-volume purchases. Today, more than 58 thousand state and municipal customers and over 370 thousand entrepreneurs from all over the country work on the platform. The catalog includes over 3.1 million unique items, and about 1.5 thousand contracts are concluded here daily.
To support users in the regions, representative offices have been opened, where specialists help with work on the site, hold meetings and collect suggestions for improving the service. In addition, you can contact the support service around the clock by phone: 7 800 303-12-34 or through the contact form on the portal.
Development of electronic services for business corresponds to the objectives of the national project “Data Economy and Digital Transformation of the State” and the regional project of the city of Moscow “Digital Public Administration”.
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Source: Moscow Government – Government of Moscow –
Specialists from the city economy complex have modernized a large gas regulation point (GRP) “Moskvorechye kv. G” in the south of the capital. This was reported by the Deputy Mayor of Moscow for Housing and Public Utilities and Improvement Petr Biryukov.
“The city is conducting systematic work to update gas pressure control points, which are responsible for reducing gas pressure to certain values and maintaining them within specified limits. We have repaired the gas pressure control point “Moskvorechye kv. G”, which provides gas supply to public utilities and the residential sector of the Moskvorechye-Saburovo district,” said Pyotr Biryukov.
The decision to modernize the GRP was made due to the long service life of the equipment. It was replaced with a modern cabinet-type gas control station with a capacity of 970 cubic meters per hour. It is made from Russian components at the in-house production of Mosgaz JSC. The new GRP is reliable, has reduced noise characteristics and meets all safety requirements.
All gas control points in the capital are necessarily equipped with shut-off devices. Their operating parameters are monitored 24 hours a day from the central control room, which allows for real-time management of the city’s gas industry.
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Mental Health Australia has developed a Statement on National Child and Youth Mental Health Priorities to inform the June 2025 Health and Mental Health Ministers meeting.
The advice in this Statement was developed in consultation with members, along with review of recommendations of previous inquiries, strategies and research.
The Statement outlines specific specific recommendations for Health and Mental Health Ministers, as the next immediate steps to commit to at their meeting to improve child and youth mental health:
Integrate mental health in education
Expand and integrate Kids Hubs
Boost national digital mental health supports for children and parents
Increase workforce capacity to support infant and child mental health
Harmonise age ranges for youth mental health services
Reduce wait times for child and youth mental health supports
Children and young people in Australia are experiencing mental ill-health at never-before seen levels, yet many are unable to access support. Australian governments need to work together to develop an holistic system of mental health supports for infants, children and families across the spectrum of promotion, prevention, early and specialist support, informed by both the needs and experiences of children and their families and population data. While this meeting is focused on actions through health portfolios, it is also important to recognise the need for whole of government action to address declining rates of mental health amongst children and young people.
Installation view of 65,000 Years: A Short History of Australian Art, Potter Museum of Art, the University of Melbourne, 2025. Photography by Christian Capurro
In the late 1970s, when I was a fine arts student, the Melbourne University Gallery was just one room in a neo-gothic quadrangle. It wasn’t until the mid 1990s that the university commissioned Nonda Katzalidis to design a four-story concrete gallery on a narrow site fronting Swanston Street.
The Ian Potter Museum of Art quickly became a vital centre for displaying diverse university collections – from classical antiquities to post-war bark paintings and contemporary art.
The re-opening of the museum, after it closed for renovations in 2018, is an art event of major proportions with the architectural clout to match.
The newest addition by Randall Marsh of Wood Marsh Architects transforms an adjacent red-brick building. A polished-steel portal gives onto stylish spaces: high vaulted ceilings, a light-filled atrium, new teaching rooms and luxurious bathrooms. There is now a serious restaurant with a long dining room, open kitchen and balcony café.
Named “Residence” for its annual chef-in-residence program, starting with the Michelin-starred Robbie Noble, this may well become the go-to space for visitors, academics and students alike.
Potter Museum of Art, the University of Melbourne. Photography by Christian Capurro.
All expectations are exceeded by the opening exhibition 65,000 Years, a Short History of Australian Art. The title emphasises both the ancient Indigenous presence on this continent, and cheekily suggests that the main art that’s been made here is Aboriginal.
As we recognise the monumental contributions of bark painting from the 1940s on, dot-painting from the 1970s on, and urban art starting in the 1980s, there is much to commend this view.
There is a powerful curatorial will here, led by the legendary public intellectual and Indigenous scholar Marcia Langton, who initiated the project.
She engaged one of the country’s most effective and knowledgeable curators in Judith Ryan, known for her series of field-defining exhibitions over four decades at the National Gallery of Victoria.
Installation view of 65,000 Years: A Short History of Australian Art, Potter Museum of Art, the University of Melbourne, 2025. Photography by Christian Capurro
Working together with associate curator Shanysa McConville, their exhibition is both politically astute in its management of tough historical issues, and visually stunning. The team has sourced superlative, large-scale examples of major artists’ work from private and public sources to sit alongside the university collections.
It’s an exhibition that repays hours of looking, aided by the curators’ exemplary wall labels. A sumptuously illustrated 340-page tome published by Thames & Hudson Australia for the Potter supports a deeper dive. This includes 23 essays by both Indigenous and non-Indigenous writers who delve into specific groups of work.
An example is the pungent essay by Grazia Gunn, who in 1973 exhibited the University’s rare barks from Groote Eylandt, presented in 1946 by the Jewish refugee Leonhard Adam.
Installation view of 65,000 Years: A Short History of Australian Art, Potter Museum of Art, the University of Melbourne, 2025. Photography by Christian Capurro
These barks can be seen again in the show, near a masterful assemblage of early barks from Yirrkala, painted in 1937 at the request of ethnographer Donald Thomson. This selection is unprecedented: a dozen barks with complete body designs for mardayin (mens’ ceremony), organised across clan groups.
Truth telling
Throughout 65,000 Years, there is a powerful truth-telling element on frontier wars and massacres. The early recognition of First Peoples’ work as art in the assembled barks goes some way to balancing Melbourne University’s own chapter of shame.
In the side gallery, Langton and team present the role of Melbourne University medical anatomists, eugenicists and physical anthropologists in grave-robbing, and promoting the illicit collection and sale of Aboriginal remains, right up to the mid-1930s.
On a big-screen video Langton, seated in a massive carved cathedral chair like a modern-day Delphic Oracle, dispassionately retells this grisly truth.
The exhibition is comprehensive as it moves across regions and eras in a deft interplay with the building’s shifting levels. The ground floor (bar a stunning atrium enlaced with newly commissioned women’s baskets and “sun-mats”) deals with the imagery of contact from early colonial settlements.
A group of French and British drawings of First Peoples are true portraits in the sense that the sitters are named. Late 19th century colour drawings by Barak or Mickey of Ulladulla are next to rare archival finds: distressing drawings of police reprisals by Oscar (Kuku-Yalanji), from 1898, and six lyrical drawings by Blak inmates of the Darwin Gaol, mounted together under the title “Dawn of Art” for display at the 1888 Melbourne Centenary Exhibition.
Gordon Bennet (1955–2014), Big romantic painting (apotheosis of Captain Cook) 1993, synthetic polymer paint on canvas, 182×400.5×4cm. The University of Melbourne Art Collection
Entering this colonial/decolonial zone, the glowering work of the late, great Gordon Bennett sets the precedent for the current historical citation and appropriation of colonial imagery.
His example has inspired artists from Richard Bell and Brook Andrew to Megan Cope and Daniel Boyd.
Bennett, faithfully represented by Melbourne’s Sutton Gallery through his life, was a McGeorge Fellow at Melbourne Uni in 1993, producing the groundbreaking Mirrorama installation with Groote Eylandt barks in opposition to classical busts. A gentle man and great thinker in art, Bennett then, as now, adds lustre to the Potter.
65,000 Years, a Short History of Australian Art is at the Potter Museum of Art, Melbourne, until November 22.
Roger Benjamin has previously worked as an art selector for the Vizard Collection at the Ian Potter Museum of Art, is an art collector and donor, and a colleague of the exhibition curators; he was not involved in the curation of this exhibition.
When does a school’s responsibility for student behaviour end? Is it at 3pm when the bell goes? Or does a school still have to respond to harmful behaviour after hours?
The Victorian government has announced new powers for government school principals to suspend or expel students for serious misbehaviour beyond the school grounds. The powers will begin in July, from the beginning of term 3.
The state government says this will “address concerns around harmful behaviour that happens outside school hours […] but affects student and staff safety”.
The new powers have a particular focus on online safety and follow similar moves in South Australia and New South Wales.
What does this mean for schools and students?
A blurry line
The line between when “school” starts and finishes is blurry. Anti-social activities and their impacts don’t neatly fall at a convenient time or location.
But the impacts of cyberbullying are very much felt during school hours. Bullying can lead to decreased academic performance – even in primary school. It can also lead to fractured social relationships. So schools are deeply involved. They may need to provide additional academic and welfare support for the student, as well as manage any social tensions and flare-ups on campus.
As the eSafety Commission has warned, teachers can also face online abuse from students.
So school leaders are needing to support both student and staff mental health.
Although the attack took place outside the school grounds, after the final bell, the court determined the NSW public high school had a duty “beyond the confines of the school boundaries and outside of its operating hours”. In part, this was based on previous known violence from one of the perpetrators.
Schools now exist in a dynamic and complex set of ecosystems and the new Victorian powers acknowledge and respond to this reality.
What does it mean for principals?
For some school leaders, there may be relief they can deal with the consequences of the most severe and destructive actions. This could include online harassment or recent incidents such as rating students’ physical appearances.
Research including the annual survey I run with colleagues, shows being an Australian school leader takes an ongoing emotional toll. The work often involves dealing with violence and abuse.
Expelling kids should be a very last resort
As a community, we can all agree schools should be places that are safe and free from violence of any kind.
But the removal of any student from a school signals a series of breakdowns. This is why schools have policies and procedures to try and resolve these issues positively before the consequences become more severe. Schools will normally use intervention strategies such as counselling, behaviour monitoring and formal cautions before suspension emerges as a possibility. Sadly, these do not always result in changed behaviour.
As consequences escalate, so too do their impacts.
Students who begin to disengage from their learning can get caught in a spiral of increasing disengagement, leading to repeat instances of suspension and then expulsion. This can then chart a distressing path for some towards incarceration.
So we need to focus on strategies which reduce this pathway.
This includes initiatives that boost students’ engagement at school such as those in the Better and Fairer Schools Agreement (part of the new funding agreement between the federal and state governments). We also need funds to increase counsellors and psychologists in schools.
Being able to expel students for out-of-school behaviour will help manage some of the symptoms of poor student behaviour. But unless the underlying causes are also addressed, expulsion will not resolve the issues – and ultimately transport the problem to another community.
Paul Kidson does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.
Source: The Conversation (Au and NZ) – By Euan Ritchie, Professor in Wildlife Ecology and Conservation, School of Life & Environmental Sciences, Deakin University
François Brassard
The Top End of Australia’s Northern Territory contains an extensive, awe-inspiring expanse of tropical savanna landscapes. It includes well-known and much-loved regions such as Darwin, Kakadu National Park, Arnhem Land and Nitmiluk Gorge.
These tropical savannas feature open forests and woodlands dominated by eucalypts and a diverse grassy understorey. They experience an intense monsoon-driven wet season and long dry season during which fire is common.
The area is home to a spectacular range of plants and animals, including crocodiles, barramundi, speartooth sharks, the spectacularly coloured Leichhardt’s grasshopper and flocks of magpie geese. Some groups are extraordinarily diverse. Several thousand ant species are thought to live there – compared to just 1,000 species in South America’s Amazon basin.
Australia’s tropical savannas are diverse and dynamic, shaped by fire and the cycle of wet and dry seasons. Brett Murphy
Yet, despite their immense ecological and cultural significance, the NT’s tropical savannas face an uncertain future. The landscape is under increasing pressure from invasive species, more frequent and severe fires, climate change, mining, agriculture and development – including water extraction.
Our new report outlines what should be done to ensure conservation and sustainable management of this unique and special region.
A region in trouble
As ecologists, we share a deep passion for tropical Northern Australia but fear for its future. To aid environmental policy and decision-making, we set out to describe the current condition and likely future of the NT’s tropical savannas. This involved identifying existing, emerging and possible future threats.
We found biodiversity in decline. Many species, particularly mammals that were once common and widespread, have disappeared from much of the region. These include the northern quoll, brush-tailed rabbit-rat and black-footed tree-rat.
Species such as the brush-tailed rabbit-rat have declined substantially and are now locally extinct in some areas. Cara Penton
In many parts of the Top End, fires are becoming more frequent and severe. This is in part due to the increasing dominance of invasive grasses, particularly Gamba and buffel grass. Both grasses are highly flammable, increasing the risk and harm of fires.
Longer and hotter dry seasons also increase fire risk and severity, as well as making water less available to wildlife due to higher rates of evaporation. Plants and animals also face greater heat stress and risk of dying during extended periods of extreme temperatures.
The Top End is spectacular and rich in biodiversity. François Brassard
The changing nature of land-clearing
Land-clearing is increasing in the Top End, too. We estimate about 45,000 hectares of savanna habitat was destroyed between 2000 and 2020. That’s equivalent to an area roughly the size of 22,500 Melbourne Cricket Grounds.
Another 146,000 hectares have approval to be cleared, and an additional 100,000 hectares could be cleared for an expanded cotton industry.
It is not just the amount of clearing that matters, but where it occurs. The habitat mainly destroyed to date has been in higher rainfall areas between Darwin and Katherine. This is where most threatened species live. On average, the cleared areas overlapped with more than 12 nationally listed threatened species.
What should be done?
Our report shows current laws are insufficient to protect the Northern Territory’s tropical savannas. Evidence-based law reform is urgently needed.
Decision-making must be collaborative, not controlled by individuals, based on sound science. It must also actively support and involve First Nations peoples and their goals.
The Top End is awe inspiring but without greater enviromental protection its many values may be diminished. François Brassard
Nature is the lynchpin of northern Australia. It characterises and nurtures the place, underpins and embraces Indigenous culture, is a major tourist attraction and helps make our country healthy. We need to recognise its value, and guard against its ongoing loss.
Our report was independently reviewed by experts in the ecology and conservation of Northern Australia, Professors Richard Williams and Christopher Johnson.
Euan Ritchie receives funding from the Australian Research Council and the Victorian government’s Department of Energy, Environment, and Climate Action. Euan is a Councillor within the Biodiversity Council, a member of the Ecological Society of Australia and President of the Australian Mammal Society.
The research underpinning this report was partly supported by the Environment Centre NT, the Wilderness Society and the World Wide Fund for Nature (Australia).
Brett Murphy receives, or has recently received, funding from the Australian Research Council, Environment Centre NT, and the Northern Territory Government.
John Woinarski is affiliated with Charles Darwin University, and has previously received research funding from the Australian Department of Climate Change, Energy and the Environment.
