Source: Bank of Botswana
The Monetary Policy Rate (MoPR) was unchanged at 1.9 percent of the previous week, for a paper maturing on 9 July 2025. The summarised results of the auction held on 30 June 2025, are attached below:
BOBC Results 30 June 2025.pdf
Source: European Commission (video statements)
On 1 July 2025, Denmark takes over the Presidency of the Council of the European Union.
Over the next six months, we’ll work closely on the priorities of Denmark’s EU presidency:
A Secure, Competitive and Green Europe.
Source: United Nations (video statements)
Opening remarks by Felipe VI, King of the Kingdom of Spain, a the Opening of the 4th International Conference on Financing for Development FFD4 in Sevilla, Spain.
—
King of Spain H.M. Don Felipe VI, also made remarks at the opening of the Conference.
The King said,“Despite the difficulties, we must continue on the long path of multilateral diplomacy, not because we believe that that is always the most direct or swiftest path, or because we refuse to see its clear shortcomings, but rather because we know where other paths have led.”
Source: Government of India
Source: Government of India (4)
Rajasthan has recorded 128 per cent more rainfall than normal during June in the ongoing monsoon season, the weather department officials said on Tuesday.
According to the Meteorological Department, heavy showers have filled ponds and dams across the state much earlier than usual. The rainfall has been particularly abundant in eastern Rajasthan, which received 160 per cent more than average, while western Rajasthan saw a 79 per cent increase.
As a result, rivers and seasonal drains are flowing strongly, and water levels in many dams have risen significantly. In the Kota division, several smaller dams are already filled to capacity, while major reservoirs like Bisalpur, Parvati, and Mahi Bajaj Sagar have also received a healthy inflow.
The Water Resources Department reports that Rajasthan’s dams currently hold 50.45 per cent of their total storage capacity – a significant jump from 32.53 per cent on the same date last year.
Notably, 90 previously dry dams have started receiving water. Dams in the Jaipur division are at 37.05 per cent capacity. Historical data shows that over the past decade, eastern Rajasthan has consistently received more rainfall during the monsoon season compared to the west.
The average annual rainfall for the state stands at 421.96 mm. According to the data, the highest rainfall of 747.24 mm was recorded in the last ten years in 2019, while the lowest rainfall was 506.28 mm in the year 2015. In the year 2024, 662.87 mm of rain was recorded. Meanwhile, Jaipur Meteorological Centre has warned of a low-pressure area over the northwest Bay of Bengal and adjoining West Bengal, which is expected to influence Rajasthan’s weather over the coming week.
This system is likely to bring moderate to heavy rainfall to over 27 districts, offering much-needed respite from heat and humidity. Authorities have urged caution in areas likely to receive heavy rain, including Dausa, Dholpur, Karauli, and Sawai Madhopur. Rainfall is also expected to intensify in Ajmer, Alwar, Jaipur, Kota, Bharatpur, and Udaipur.
(IANS)
Source: United Kingdom – Executive Government & Departments
The Minister for Policing and Crime Prevention has appointed Francesca Whitelaw KC as the interim Biometrics Commissioner.
The role of the Biometrics and Surveillance Camera Commissioner has been vacant since August 2024. The government is actively recruiting the next permanent Biometrics and Surveillance Camera Commissioner, through open competition.
While this campaign is ongoing, the minister has decided to appoint Francesca as the interim Biometrics Commissioner. Francesca has been appointed in accordance with the Governance Code on Public Appointments.
Francesca will undertake the casework functions of the Biometrics Commissioner set out under the Protection of Freedoms Act 2012, providing oversight of National Security Determinations and applications made under section 63G PACE by the police.
Francesca was appointed King’s Counsel in 2023 and is a leading specialist in public law, police, government, information law and human rights. She has expertise in biometrics and national security, working on several inquiries and inquests.
She will take up her post from today, Tuesday 1 July 2025, for a period of up to 6 months, until the new Biometrics and Surveillance Camera Commissioner is appointed. The Surveillance Camera Commissioner post will also remain vacant until this point.
Source: United Kingdom – Executive Government & Departments
Statement from Francesca Whitelaw KC, who has been appointed the interim Biometrics Commissioner.
Statement from the interim Biometrics Commissioner, Francesca Whitelaw KC:
I am delighted to have been appointed the interim Biometrics Commissioner, while the government progresses the appointment of a permanent Commissioner.
My focus will be to consider police applications to retain, exceptionally, DNA and fingerprints under s63G of the Police and Criminal Evidence Act, and under National Security Determinations, balancing the public interest considerations with the rights of individuals.
I bring my knowledge and expertise as KC to the role, with specialisms in public, police, national security and information law.
I look forward to working with stakeholders and my team in fulfilling this important statutory function and contributing to keeping the UK safe and secure.
Read more about this appointment and the process of appointing a permanent commissioner.
Translation. Region: Russian Federal
Source: Peter the Great St Petersburg Polytechnic University – Peter the Great St Petersburg Polytechnic University –
A foresight session dedicated to the development of popular science tourism was held at the Institute of Industrial Management, Economics and Trade. The main goal of the event was to develop a strategy for attracting foreign tourists interested in scientific achievements and technologies. This corresponds to the new vector of development of the city’s tourism industry, which was discussed during the accelerator “International Tourism Products of Russia”. The project is being implemented by the Center of Competence in Tourism and Hospitality with the support of the Committee for Tourism Development of St. Petersburg and the Ministry of Economic Development of the Russian Federation.
The development of popular science tourism at the international level is an important step towards strengthening cultural and scientific ties between Russia and other countries. We strive to create tourism products that will be interesting and useful to guests from different parts of the world, allowing them to learn more about Russian science, technology and innovation. Our task is to make St. Petersburg a center of attraction for everyone interested in science and striving for new knowledge, – noted Marina Morozova, General Director of the Center of Competence in Tourism and Hospitality.
The foresight session was attended by representatives of tour operators, the museum community, research institutes, including the Almazov National Medical Research Center, and leading universities. The moderators were associate professors of the Higher School of Service and Trade of the IPMEiT Irina Kapustina and Ksenia Pasternak.
The projects were assessed by the expert opinion of the General Director of the international hospitality school ACORN Hospitality and Tourism Business School Olga Weiss, the General Director of the travel agency Tolstoy House Sofia Sheynina, the head of the paid services department of the Almazov National Medical Research Center Elena Zolotukhina, the public representative of the Agency for Strategic Initiatives Svetlana Selishcheva, the President of the Association of Participants in the Sphere of Medical and Health Tourism Sofia Mozokina, and the author of the program Management of State Programs and Implementation of National Projects in the Russian Federation Denis Askinadze.
Unlike a tourism product with a pronounced cultural component, our project is focused on the scientific, industrial and scientific and production potential of the city. In the future, we also hope to attract tourists as future students, which is especially interesting for educational organizations. But even if they do not choose our universities, popular science tourism will become a powerful tool for popularizing science and a kind of soft power demonstrating the scientific, technical and scientific and production potential of our country, explained the Chairman of the Committee for Tourism Development of St. Petersburg Evgeny Pankevich.
Participants analyzed current trends and prospects for the development of popular science tourism, developed tourist routes and educational programs aimed, in particular, at attracting tourists from the Middle East, the CIS and Vietnam.
Events like today’s foresight session play a key role in shaping the strategy for the development of popular science and industrial tourism. The Higher School of Service and Trade, as part of its activities project office “Industrial Tourism – Polytech” actively develops this important market segment, providing training for qualified personnel and promoting Russian scientific and technological heritage. We are convinced that such activities will significantly not only increase the tourist attractiveness of the region, but will also contribute to enhancing the brand of Russian industry, as well as strengthen Russia’s image as a leader in the field of science and technology, – noted the Director of the Higher School of Service and Trade Olga Voronova.
The meeting culminated in the development of a passport for a unique tourism product in the field of popular science tourism for inquisitive travelers from all over the world.
Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.
Source: GlobeNewswire (MIL-OSI)
01.07.2025
Not for distribution, directly or indirectly, in or into the United States or any jurisdiction in which such distribution would be unlawful.
KEPLER SPA (BIOFARMA)
Post-stabilisation Period Announcement
NO STABILISATION CARRIED OUT
[Further to the pre-stabilisation period announcement dated 24.06.2025 BNP Paribas (contact: Stanford Hartman telephone: 0207 595 8222) hereby gives notice that no stabilisation (within the meaning of Article 3.2(d) of the Market Abuse Regulation (EU/596/2014)) was undertaken by the Stabilisation Manager(s) named below in relation to the offer of the following securities.
Securities
| Issuer: | KEPLER SPA (BIOFARMA) |
| Guarantor(s) (if any): | N/A |
| Aggregate nominal amount: | 500,000,000 € |
| Description: | EUR 4.5NC1 |
| Offer price: | 100 |
Stabilisation Manager(s)
| Name(s): | BNP PARIBAS, ING, JEFFERIES, SMBC, IMI-INTESA SANPAOLO, KKR, NATIXIS, NOMURA |
This announcement is for information purposes only and does not constitute an invitation or offer to underwrite, subscribe for or otherwise acquire or dispose of any securities of the Issuer in any jurisdiction.
This announcement is not an offer of securities for sale into the United States. The securities referred to above have not been, and will not be, registered under the United States Securities Act of 1933 and may not be offered or sold in the United States absent registration or an exemption from registration. There has not been and will not be a public offer of the securities in the United States.
Source: GlobeNewswire (MIL-OSI)
LONDON, July 01, 2025 (GLOBE NEWSWIRE) — Shiprock Capital Management Limited (“Shiprock”), a London-based investment management firm focused on Global Distressed and Special Situations, has announced that Eric Ho has joined the firm as Senior Investment Counsel.
Eric joins Shiprock from Ashmore Investment Management where for a decade he served as Senior Counsel principally responsible for the structuring, negotiation and execution of credit and special situations investments across public and private markets. He joined Ashmore in 2015 from Shearman & Sterling where he began his career in 2008. Eric holds a LLB Bachelor of Laws from the London School of Economics and completed the LPC at BPP Law School, London. He is a qualified solicitor in England and Wales.
Frederick Schroder, CEO at Shiprock, said, “We are very glad to welcome Eric to Shiprock. His deep legal expertise in distressed and special situations globally will be exceptionally valuable in executing our strategy. His appointment underscores the significant investment in talent that Shiprock continues to make.”
Eric Ho, Chief Investment Counsel at Shiprock, added, “I am excited to be joining the senior team at Shiprock and contributing to the firm’s continued success.”
About Shiprock:
Shiprock Capital Management is a London-based investment management firm focused on Global Distressed and Special Situations. Founded in 2023, the firm manages in excess of $1bn.
Contact:
info@shiprock.co.uk
Source: GlobeNewswire (MIL-OSI)
TAIPEI, Taiwan, July 01, 2025 (GLOBE NEWSWIRE) — ProLogium Technology, a global leader in next-generation lithium ceramic batteries, today announced that its cumulative shipments have officially surpassed 2.4 million units, marking a major milestone since its production in 2013. A key driver of this achievement is the production ramp-up at ProLogium’s first Giga-scale super factory in Taoyuan, Taiwan (Taoke Plant), which has contributed over 500,000 units within just 18 months of operation. This strong performance demonstrates the reliability and scalability of ProLogium’s mass production capabilities. The company’s batteries have been adapted across multiple sectors including electric mobility, wearables, automotive electronics, and industrial system, highlighting the strong commercial maturity and stable supply capability of its products across diverse applications.
Leveraging both its technological leadership and mature manufacturing infrastructure, ProLogium has proven its readiness to support large-scale market demands. This milestone also lays a solid foundation for the company’s upcoming Giga factory project in Dunkirk, France, currently preparing for construction.
From R&D to Mass Production: Catalyzing a Paradigm Shift in the Battery Industry
Founded in 2006, ProLogium is committed to developing safe, high-performance, scalable, and sustainable lithium ceramic batteries. It is the first and only company worldwide capable of mass-producing this next-generation battery technology using automated production systems. Following the dual approval of EIA (Environmental Impact Assessment) and building permits for its Giga factory in Dunkirk, France at the end of 2024, ProLogium is now leading the industry into the fourth generation all-inorganic solid-state electrolyte architecture. Construction is set to begin in 2026, with mass production planned for 2028. This marks a crucial step in the company’s global expansion, while also accelerating the transformation and upgrading of the battery supply chain, unlocking long-term value and growth potential.
All-Ceramic Separator + All-Inorganic Electrolyte + All-Silicon Anode
A True Next-Gen Battery beyond Conventional Solid-State Technologies
While continuously optimizing current mass production technologies, ProLogium is also actively advancing its fourth-generation all-inorganic electrolyte architecture. By leveraging innovative inorganic electrolyte fluidization technology, ProLogium has successfully combined the respective advantages of solid-state and liquid batteries, eliminating their inherent performance trade-offs.
This architecture significantly enhances six key performance metrics—safety, energy density, thermal stability, fast-charging capability, energy efficiency, and low-temperature performance—while addressing one of the greatest hurdles in solid-state battery commercialization: the high cost of materials and manufacturing processes. The result is a scalable, cost-effective battery that redefines the value structure of both solid-state and liquid batteries.
Furthermore, the innovative design overcomes the interface bottleneck typically found between solid electrolytes and active materials, laying the groundwork for the widespread adoption of next-generation batteries and providing a truly scalable and sustainable energy transition solution.
“Next-generation batteries are not only the cornerstone of the energy transition but also a critical engine driving electrification and smart device innovation” said Vincent Yang, Founder and CEO of ProLogium.
“We are pleased that our technology has been adopted and validated by leading strategic partners around the world and introduced into a wide range of applications. Beyond business expansion, we look forward to collaborating with industry, government, academia, and research institutions to form strategic alliances that can accelerate energy transition and contribute to global sustainable development.”
About ProLogium
Founded in 2006, ProLogium Technology is an innovative energy company focused on the development and manufacturing of next-generation lithium ceramic batteries for electric vehicles, consumer electronics, and industrial applications. The company holds over 900 global patents (granted and pending) and has delivered more than 12,000 battery samples for testing and module development to global automotive OEMs.
ProLogium’s first GWh-level Giga factory (Taoke) in Taoyuan, Taiwan, began production in 2024 and supplies global markets. The company surpassed the milestone of 2.4 million battery units shipped. In May 2024, ProLogium unveiled its first overseas R&D center in Paris-Saclay, designed to tailor solutions for the European market. Its first overseas Giga factory in Dunkirk, France, received dual approvals for EIA and building permits in late 2024, with construction scheduled for 2026 and mass production in 2028.
Photos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/819c258c-214e-4297-a7cb-5378ed4b4e37
https://www.globenewswire.com/NewsRoom/AttachmentNg/62c8721a-977d-46e7-95da-31d7639e06ad
Tim George, CEO of UK mining firm Pensana will participate at the upcoming African Mining Week (AMW) 2025 conference – Africa’s premier gathering for mining stakeholders – as a speaker. George will contribute to a high-level panel discussion entitled Critical Minerals: Driving Renewable Development in Africa, highlighting the role of African energy transition metals such as lithium, cobalt, copper and rare earths in global decarbonization.
African Mining Week serves as a premier platform for exploring the full spectrum of mining opportunities across Africa. The event is held alongside the African Energy Week: Invest in African Energies 2025 conference from October 1-3 in Cape Town. Sponsors, exhibitors and delegates can learn more by contacting sales@energycapitalpower.com.
George’s participation at AMW follows several significant milestones for Pensana, including a June 2025 Memorandum of Understanding with Japanese conglomerate Toyota Tsusho Corporation for the offtake of 20,000 tons of ultra-clean Mixed Rare Earth Carbonate over five years. The company also has an existing offtake agreement with Japanese trading house Hanwa, further reinforcing Longonjo’s global appeal. The project is expected to supply 5% of the world’s magnet metal rare earths used in wind turbines and electric vehicles, producing 20,000 tons per annum during phase one and up to 40,000 tons annually during phase two. AMW presents an opportunity for George to meet potential buyers and strategic partners to advance Longonjo’s impact on the global rare earths market.
AMW will enable George to update market stakeholders on Longonjo’s latest financing, engineering and construction developments. Pensana has successfully secured substantial financing for the Longonjo project: $2 million from M&G Investment Management in May 2025; a $25 million facility from Angola’s Sovereign Wealth Fund; and a $268 million raise for phase one development, with support from institutions such as ABSA Bank and the Africa Finance Corporation. In May 2025, the company also began construction of the mine, with first production anticipated in late 2026. In April 2025, Pensana released an updated ore reserve and mine-life estimate, indicating Longonjo’s potential to hold 22 million tons of rare earths in reserves. The mine’s life is estimated at 20 years.
Under theme, From extraction to Beneficiation: Unlocking Africa’s Mineral Wealth, AMW will host George and key African mining stakeholders, policymakers and global partners to discuss and maximize prospects within Africa’s mining value chain.
Distributed by APO Group on behalf of Energy Capital & Power.
At the Fourth International Conference on Financing for Development (FfD4), the Arab Coordination Group (ACG) (www.TheACG.org) convened a high-level roundtable and issued a joint communiqué reaffirming its commitment to transformative, equitable, and regionally anchored development finance.
Marking 50 years of partnership and impact in 2025, the ACG also adopted a new Joint Action Plan (2025–2030) to align its efforts with key global milestones, including COP30 and the 2026 SDG Summit.
FfD4 spotlighted a widening annual financing gap of over USD 4 trillion, escalating climate shocks, and worsening debt distress. In this context, the ACG called for urgent structural reform and long-term investment strategies designed to address the needs of fragile, conflict-affected, and climate-vulnerable nations.
Bridging Regions Through South–South Cooperation
The ACG also co-hosted a strategic roundtable, “Bridging Regions: Arab Coordination Group and Latin America and the Caribbean,” in collaboration with the OPEC Fund for International Development and CAF – Development Bank of Latin America and the Caribbean. The event brought together finance ministers, ACG leaders, CAF officials, and representatives from the Central American Bank for Economic Integration and the Caribbean Development Bank.
Discussions underscored the growing power of South–South cooperation to drive shared development through knowledge exchange, policy alignment and joint investment. Key areas of focus included climate adaptation, energy transition, food security, infrastructure, and economic diversification.
A Record Year of Impact
The ACG’s vision for the future builds on significant momentum. In 2024, the Group disbursed US$19.6 billion across nearly 650 operations in over 90 countries, making it the world’s second-largest development finance group.
These investments targeted core priorities: sustainable infrastructure, global trade, and solutions to systemic challenges such as climate change and food insecurity.
Earlier this month, at its 20th Annual Meeting in Vienna, ACG leaders reaffirmed their commitment to scaling up support for sustainable development and for vulnerable communities worldwide.
Shaping a More Inclusive Global Financial System
The ACG’s joint communiqué outlines bold commitments: expanding climate-resilient investment, supporting fragile states, restoring degraded lands, unlocking private capital, promoting innovative financing and deepening South–South cooperation.
As the ACG prepares to mark its 50th Anniversary in October 2025, it looks ahead with renewed resolve to close financing gaps, advance inclusive growth and deliver tangible solutions to global challenges.
Distributed by APO Group on behalf of Arab Coordination Group (ACG).
About the Arab Coordination Group (ACG):
The Arab Coordination Group (ACG) is a strategic alliance that provides a coordinated response to development finance. Since its establishment in 1975, ACG has been instrumental in developing economies and communities for a better future, providing more than 13,000 development loans to over 160 countries around the globe. Comprising ten development funds, ACG is the second-largest group of development finance institutions in the world and works across the globe to support developing nations and create a lasting, positive impact.
The Group comprises the Abu Dhabi Fund for Development, the Arab Bank for Economic Development in Africa, the Arab Fund for Economic and Social Development, the Arab Gulf Programme for Development, the Arab Monetary Fund, the Islamic Development Bank, the Kuwait Fund for Arab Economic Development, the OPEC Fund for International Development, the Qatar Fund for Development and the Saudi Fund for Development.
Preamble
We, the Heads of Arab Coordination Group (ACG) Institutions, convening in Seville during the Fourth International Conference on Financing for Development (FfD4), reaffirm our collective commitment to delivering agile, equitable, and forward-looking development finance solutions. As we celebrate 50 years of action, we draw strength from our legacy while looking ahead to make bold and transformative contributions to the global financing landscape.
FfD4 convenes at a time of unprecedented and intersecting crises: widening development finance gaps, intensifying climate shocks, rising debt distress, persistent fragility, and an international financial system that remains inequitable and fragmented.
While FfD4 has highlighted important challenges and ambitions, the path to meaningful reform remains uncertain—especially concerning climate finance, mainstreaming private capital, and recognizing the strategic role of ACG institutions.
We Commit To:
1. Strengthening ACG’s Role in Global Finance Architecture
2. Scaling Up Climate-Resilient Development Finance
3. Supporting Fragile and Conflict-Affected States
4. Addressing land degradation
5. Unlocking Private Capital and Enhancing Risk Sharing
6. Promoting Islamic Finance and Financial Innovation
7. Championing South–South Development Finance Cooperation
8. Coordinating Action and Increasing Strategic Visibility
We Call Upon:
Distributed by APO Group on behalf of Arab Coordination Group (ACG).
About the Arab Coordination Group (ACG):
The Arab Coordination Group (ACG) is a strategic alliance that provides a coordinated response to development finance. Since its establishment in 1975, ACG has been instrumental in developing economies and communities for a better future, providing more than 13,000 development loans to over 160 countries around the globe. Comprising ten development funds, ACG is the second-largest group of development finance institutions in the world and works across the globe to support developing nations and create a lasting, positive impact.
The Group comprises the Abu Dhabi Fund for Development, the Arab Bank for Economic Development in Africa, the Arab Fund for Economic and Social Development, the Arab Gulf Programme for Development, the Arab Monetary Fund, the Islamic Development Bank, the Kuwait Fund for Arab Economic Development, the OPEC Fund for International Development, the Qatar Fund for Development and the Saudi Fund for Development.
Translation. Region: Russian Federal
Source: Peter the Great St Petersburg Polytechnic University – Peter the Great St Petersburg Polytechnic University –
The SPbPU women’s mini-football team won an honorable third place in the 7×7 student tournament as part of the St. Petersburg Student Games. The tournament was organized by the St. Petersburg Football Federation. Our football players won medals in prestigious city competitions among students for the first time.
Polytechnic demonstrated its power almost from the very start: a crushing 6:1 victory over SPbGLTU, a rout of GIKIT — 8:0, a convincing 5:1 over ITMO and the Mining University. Although there were also defeats — from Voenmekh — 0:4 and Herzen University — 0:2. But the overall balance at the end of the group stage brought the team to an honorable place in the top three.
The forwards’ statistics are particularly impressive: Ekaterina Butasova scored 6 goals, Alina Asanova – 5, and Evgenia Baranova – 4.
We congratulate not only the girls, but also their talented coaches – Vladimir Kalinin and Pavel Malakhov.
Emotions are purely positive! We finally managed to get into the prizes at the student competitions, which we are very happy about. This year everything worked out, we have a very friendly and ambitious team. Many thanks to the girls for their dedication, somewhere for self-sacrifice, for believing in the process that gave a result. Thanks to the sports club, which actively helps us develop and become a formidable force not only among universities, but also in city competitions. Third place is a huge success for us, but we have something to strive for. Next year we will certainly try to improve this result. Thanks to everyone who supported us, you are the best! – shared his impressions the head coach of the team Vladimir Kalinin.
I am very happy that our team is in the top three. I am proud of everyone who took part in this! Women’s football at the Polytechnic, as it turned out, can also bring results. It is nice to realize that what we have been working towards for a very long time and with great difficulty, we now have. And that the places will be even higher in the future. Work hard, friends! It is very symbolic and pleasant that we won bronze on Valery Petrovich Sushchenko’s birthday, because we promised him the cup. Once again, thank you and congratulations to everyone! – said team captain Maya Fialko.
Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.
Translation. Region: Russian Federal
Source: Peter the Great St Petersburg Polytechnic University – Peter the Great St Petersburg Polytechnic University –
Activists of the military-historical club “Our Polytechnic” continue the traditions of patriotic education, actively participating in events dedicated to the memory of the Great Patriotic War. In June, students attended several festivals that became a vivid example of unity and respect for the feat of our ancestors.
The journey into history began with a trip to Yelets, where a major military history festival was held from June 12 to 14. The program of the event included many events – from a flower-laying ceremony to a visit to the military glory museum.
At numerous interactive exhibitions, guests were able to see authentic wartime items. The authentic Red Army camp in the Rusborg fortress was especially impressive. The children spent the night in field conditions, using real raincoats, which helped them feel the atmosphere of wartime.
The culmination of the festival was the reconstruction of the famous battle for the Terbunsky line, which took place on July 6, 1942. More than a hundred reenactors, armored vehicles and cavalry took part in the recreation of historical events.
The next stop on the trip was Brest, where the 13th military-historical festival “June 22 Brest Fortress” was held. For the polytechnics, this is already a traditional event – they have been participating in it for eight years. The students visited battle sites and lived in conditions close to those of that time.
The Brest festival program included the opening ceremony of the monument to border guards at the Northern Gate of the Brest Fortress, a ceremonial march in the 1941 uniform to the sounds of a military orchestra, a theatrical performance “The Last Peaceful Day”, laying flowers at the Eternal Flame and a detailed reconstruction of the events of the beginning of the war. Military history clubs from Russia, Belarus, Latvia, Lithuania, Estonia and Poland took part in this reconstruction. A tank, an armored car, cars, motorcycles, an An-2 plane, cavalry and pyrotechnics were used. More than 10 thousand people became spectators.
Activists of the VIC “Our Polytech” believe that such events are not just an entertaining spectacle, but an important contribution to preserving historical memory and strengthening the connection between generations. By participating in them, students try to cultivate respect for the heroic past of the country and the people in their peers.
Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.
Translation. Region: Russian Federal
Source: People’s Republic of China in Russian – People’s Republic of China in Russian –
Source: People’s Republic of China – State Council News
BEIJING, July 1 (Xinhua) — China’s State Council Office recently released a plan to promote employment for people with disabilities. The document, scheduled for three years (2025-2027), aims to increase their employment opportunities and expand the range of public services provided to them.
The plan encourages government agencies, budget institutions and businesses to play a leading role in hiring people with disabilities. The plan also encourages self-employment, flexible working hours and assistance in finding employment. Targeted support will be provided to specific groups of people, such as people with disabilities studying at higher education or living in rural areas, as well as the blind.
According to the action plan, a single digital platform will be developed that will integrate employment data for persons with disabilities across the country. In addition, efforts will be made to improve the employment service system.
Disability service organisations and related service providers will be urged to play a more active role in identifying suitable employment opportunities for persons with disabilities and assisting them to increase their own income.
There are more than 85 million people with disabilities in China, accounting for about 6 percent of the country’s total population. From 2022 to 2024, China implemented a plan to increase employment and expand business opportunities for this social group. -0-
Translation. Region: Russian Federal
Source: People’s Republic of China in Russian – People’s Republic of China in Russian –
Source: People’s Republic of China – State Council News
HANGZHOU, July 1 (Xinhua) — In a playroom at a nursing home in China, several sprightly seniors gathered to play table hockey, competing in wits and skill, savoring every moment.
Once considered a child’s play, these educational games are quickly becoming the latest craze among seniors.
As China’s population ages at an accelerated rate, the once-overlooked consumer niche of games and toys for the elderly is emerging as a new pillar of the booming silver economy.
Guan Weijian, a toy merchant in the eastern Chinese city of Yiwu, known as the “supermarket of the world,” quickly saw the wind blowing when he noticed such changes.
Over the past year, his online store has seen a boom in demand for fitness gear and cognitive-development games and toys among older shoppers. Consumers aged 50 and up now make up 30 percent of his user base.
“Our two best-selling toys are in the fitness and puzzle categories. They are low-impact yet fun, perfect for seniors to exercise or while away the time,” says Guan Weijian.
“In fact, there are similarities between toys for the elderly and children’s toys in terms of developing reflexes, grip strength and coordination. In fact, some children’s toys can be easily adapted for the elderly with just a few simple changes,” Guan Weijian added.
Realizing the potential of the senior toys sector as a promising niche, he decided to take advantage of the opportunity. In just three months after launching more than 10 products designed specifically for senior users, sales at his store far exceeded expectations.
Searches for “toys for the elderly” on Taobao, one of China’s leading e-commerce platforms, grew 124 percent year-on-year, and transaction volume increased by more than 70 percent. Consumers aged 55 and above now make up an increasing proportion of shoppers, and their purchase frequency is increasing.
As the market expands, more and more toy manufacturers across China are shifting their focus to meet the needs of older consumers.
According to Cheng Xin of Taobao’s toys and collectibles section, there are many new shops selling toys for the elderly popping up on the platform, some of which are newly established and many of which are converted from former children’s toy stores.
“Toys are no longer exclusive to kids, nor are they pop culture icons. They are a lifelong hobby that can be enjoyed by a wide range of consumers of all ages,” Cheng Xin said, adding that Taobao plans to launch a special toy segment for seniors, providing them with customized operational support.
The booming market of toys for the elderly has not only created new growth points for consumption, but also contributed to a profound transformation of the traditional production chain.
A particularly striking example is Yunhe County in Zhejiang Province, East China, widely known as the “birthplace of China’s wooden toys.”
Based on years of industrial experience, Yunhe County has now deeply integrated the wooden toy industry with the elderly care industry, forming an innovative industrial chain focusing on intellectual, health and entertainment products.
The key to this transformation lies in the shift from “fun” to “functionality.” To date, local manufacturers have developed more than 200 wooden toys designed to improve hand-foot coordination and slow down memory loss in older adults.
According to Yin Qian, president of Zhejiang Mimi Zhikang Technology Co., the company has developed more than 100 wooden puzzle toys that are both entertaining and mentally stimulating.
To enhance the cognitive and rehabilitation properties of its products, the company collaborated with the Health Science Center of Xi’an Jiaotong University and the Alzheimer’s Disease Prevention Group located in Shaoxing, Zhejiang Province.
To date, the company has received more than 30 patents and supplies products to more than 500 senior care facilities across the country.
Meanwhile, Yunhe is also targeting international markets. In recent years, the county has expanded the export of its wooden toys to senior schools, nursing homes and community centers overseas.
“In 2024, our products were successfully exported to Germany, Japan and other markets, where they were warmly received by elderly users,” Yin Qian said.
In the first quarter of this year, sales of wooden toys aimed at the elderly rose 50 percent year-on-year.
China’s elderly population is projected to grow by more than 10 million a year over the next decade, according to the Ministry of Civil Affairs. The silver economy’s share of China’s GDP is expected to rise to 9 percent by 2035, from 6 percent today.
Data from iiMedia Research shows that China’s elderly care market will reach 12 trillion yuan (about $1.68 trillion) in 2023, up 16.5 percent year-on-year. The country’s silver economy is projected to reach about 30 trillion yuan by 2035, accounting for about 10 percent of GDP.
Innovations in niche segments are opening up new opportunities in the silver economy, said Zhang Jinsong, secretary general of the Committee on Education for the Elderly of the Chinese Gerontological Society.
The “silver” economy is poised to move beyond basic needs to consumption based on quality and pleasure, which will open up enormous potential,” he added. -0-
Translation. Region: Russian Federal
Source: People’s Republic of China in Russian – People’s Republic of China in Russian –
Source: People’s Republic of China – State Council News
Tashkent, July 1 (Xinhua) — The China-Kyrgyzstan-Uzbekistan railway project is not just a large-scale infrastructure initiative, but a key strategic corridor that will help strengthen regional connectivity and economic transformation in Central Asia, Narbuta Babakhalov, an adviser to the chairman of the board of Uzbekistan Railways and a doctor of economic sciences, said in an exclusive interview with Xinhua.
“The project attracts increased attention from Uzbekistan, as it connects the East and the West, opening up new prospects for the development of transport and logistics in the region,” the expert noted. According to him, the joint implementation of this project by China, Kyrgyzstan and Uzbekistan clearly demonstrates the high level of political trust and the spirit of pragmatic partnership.
N. Babahalov emphasized the strategic importance of the route for Uzbekistan. The railway will significantly reduce the time of cargo delivery to South and Southeast Asia, reduce logistics costs and overcome the limitations of current transport routes. “This project strengthens our country’s position as an important transport hub in Central Asia and supports the implementation of the national strategy “Openness to the East,” he said.
The expert also noted that the China-Kyrgyzstan-Uzbekistan railway is becoming part of the conjugation of the Belt and Road Initiative with the sustainable development programs of the countries of the region. “We see how this project contributes to political coordination, expansion of cross-border cooperation and deepening of regional integration,” the expert emphasized.
He paid special attention to China’s contribution to the development of the project. “The Chinese side provides advanced technologies and equipment, demonstrating respect for the interests of Uzbekistan and actively involving local resources and specialists. This contributes to the creation of jobs, the transfer of knowledge and the formation of production chains in the region,” he said.
“Uzbekistan is ready to work with China and other partners to facilitate the successful implementation of the project, which has impressive potential that can bring real benefits to the peoples of the region,” N. Babakhalov concluded. –0–
Translation. Region: Russian Federal
Source: People’s Republic of China in Russian – People’s Republic of China in Russian –
Source: People’s Republic of China – State Council News
WASHINGTON, July 1 (Xinhua) — U.S. billionaire Elon Musk on Monday again lashed out at U.S. President Donald Trump’s “One Big Beautiful” bill, threatening that lawmakers who support it risk losing their primaries next year.
“Every member of Congress who advocated for cutting government spending and then immediately voted for the largest increase in debt in history should hang their head in shame!” he wrote on his social network X.
“And they will lose the primaries next year if it is the last thing I do on this earth,” he said.
In another post, Musk said he would support Republican Congressman Thomas Massie of Kentucky, whom Trump criticized for voting against the bill in the House of Representatives and promised to campaign “very hard” against him in the Democratic primary, promising that a “great American patriot” would run against him.
Musk has been attacking Trump’s bill since he stepped down as head of the Office of Government Effectiveness in May, warning that it would raise the debt ceiling by $5 trillion, “destroy millions of American jobs, and cause massive strategic damage to our country.”
The bill could also directly impact Musk’s electric car company Tesla, as it eliminates tax credits on electric vehicles — up to $4,000 for a used car and up to $7,500 for a new one. J.P. Morgan Chase & Co. estimates that this would hit Tesla’s profits by $1.2 billion.
On Saturday, E. Musk broke a brief silence on the controversial spending bill, calling it “completely insane and destructive” as the package moves through the Senate. –0–
Source: International Organization for Migration (IOM)
Geneva/Valletta, 1 July 2025 – The International Organization for Migration (IOM) and Bolt, a leading European platform for ride-hailing and food delivery services, have signed a global agreement aimed at providing integration support for migrants working in the mobility and delivery sectors. The partnership, Bridging the Gap – Integrating Migrants, will start with a pilot project in Malta that will serve as a scalable model for other countries.
“Migration is a reality that shapes our economies and our lives,” said Catalina Devandas, IOM Senior Director of Partnerships. “It is both a resource and an opportunity for people and economies alike. This partnership with Bolt shows what can happen when the private sector steps up to create fair, safe, and dignified migration pathways that meet real market needs and protect workers’ rights.”
With operations in over 600 cities across more than 50 countries, including in Europe, Africa, Southeast Asia and the Americas, Bolt’s broad geographic footprint strengthens the potential of the partnership to create lasting impact across diverse labour markets.
The project aims to empower migrant workers to better integrate into the local economy by working closely with private sector actors, developing tools and training for fleet employers, and providing targeted support. The partnership also seeks to foster social and labour market cohesion by ensuring migrant workers are fairly treated and supported by fleet partners.
“The success of several economic sectors increasingly relies on a diverse workforce,” said Eirini Zafeiratou, Vice President of Policy and Regulatory Affairs at Bolt. “Bolt’s platform enables earning opportunities for many individuals. With the support of IOM, we will make further efforts to foster better integration of migrant workers in the countries where we operate.”
In Malta, the pilot will offer concrete assistance to employers and workers alike, from developing tools and training that promote fair working conditions to providing practical support and integration pathways tailored to the ride-hailing and food delivery sector.
The project will also engage with a broad range of stakeholders, including public authorities, to ensure that it aligns with national labour market needs, policies, and priorities. In parallel, it will generate evidence to inform future policies on labour mobility at both the national and international levels.
By bringing together IOM’s global migration expertise and Bolt’s operational reach, the partnership aims to create a more responsible model for labour mobility – one that addresses market needs while protecting the rights, safety, and dignity of migrant workers.
Bolt is supporting the project through the Bolt Urban Fund, a social impact programme designed to enhance the social and economic impact of shared mobility and delivery services worldwide.
For more information, please visit IOM’s Media Centre
Or contact Bolt Sugandha Bhandari, Regional PR Manager, at sugandha.bhandari@bolt.eu.
Source: European Central Bank
1 July 2025
In May, the median rate of perceived inflation over the previous 12 months remained unchanged at 3.1% for the fourth consecutive month. This was its lowest level since September 2021. Median expectations for inflation over the next 12 months decreased by 0.3 percentage points to 2.8%. Expectations for three years ahead also decreased, by 0.1 percentage points, to 2.4% while expectations for inflation five years ahead were unchanged at 2.1% for the sixth consecutive month. Uncertainty about inflation expectations over the next 12 months decreased in May, reversing the increase observed in April. While the broad evolution of inflation perceptions and expectations remained relatively closely aligned across income groups, over the previous year and a half inflation perceptions and short-horizon expectations for lower income quintiles were, on average, slightly above those for higher income quintiles. Younger respondents (aged 18-34) continued to report lower inflation perceptions and expectations than older respondents (aged 35-54 and 55-70), albeit to a lesser degree than in previous years.
Consumers’ nominal income growth expectations over the next 12 months increased to 1.0%, from 0.9% in April. This increase was observed across all income groups. Perceived nominal spending growth over the previous 12 months increased to 5.0%, from 4.9% in April. Conversely, expected nominal spending growth over the next 12 months decreased to 3.5% in May, from 3.7% in April. This decrease was prevalent across all income quintiles, except for the lowest income group.
Income and consumption results
Economic growth expectations for the next 12 months became less negative, standing at -1.1% in May compared with -1.9% in April. Expectations for the unemployment rate 12 months ahead decreased to 10.4%, from 10.5% in April. Consumers continued to expect the future unemployment rate to be only slightly higher than the perceived current unemployment rate (9.9%), implying a broadly stable labour market.
Economic growth and labour market results
Consumers expected the price of their home to increase by 3.2% over the next 12 months, which was unchanged from April. Households in the lowest income quintile continued to expect higher growth in house prices compared with those in the highest income quintile (3.5% and 3.1% respectively). Expectations for mortgage interest rates 12 months ahead declined to 4.4%, from 4.5% in April. As in previous months, the lowest income households expected the highest mortgage interest rates 12 months ahead (4.9%), while the highest income households expected the lowest rates (4.1%). The net percentage of households reporting a tightening (relative to those reporting an easing) in access to credit over the previous 12 months declined. The net percentage of those expecting a tightening over the next 12 months declined as well, reversing the increase seen in April.
Housing and credit access results
The release of the Consumer Expectations Survey (CES) results for June is scheduled for 29 July 2025.
For media queries, please contact: Benoit Deeg, tel.: +49 172 1683704.
Source: GlobeNewswire (MIL-OSI)
Paris, July 1st, 2025 – Virtune AB, the Swedish regulated crypto asset manager, today announced the listing of Virtune Coinbase 50 Index ETP (VCOIN50) on Euronext Paris. The exchange-traded product (ETP) is now available to investors in France through brokers and banks.
Virtune has experienced sustained demand for digital assets from both institutional and retail investors across the Nordic and European regions since the launch of its first ETP around two years ago, earning the trust of over 140,000 investors. Building on this momentum, the VCOIN50 ETP – which was also listed on Xetra on June 2 – now marks another key milestone with its listing on Euronext Paris (Euronext ticker: VRTC), further advancing Virtune’s expansion into the European market. Coinbase is serving as the custodian for VCOIN50.
Virtune has made history as the first company to list a crypto Exchange Traded Product (ETP) tracking the Coinbase 50 Europe index, developed by Coinbase, a trusted and global leader in crypto services and administered by MarketVector IndexesTM (“MarketVector”), a leading global index provider.
This ETP represents several key firsts for European financial markets:
About Virtune Coinbase 50 Index ETP:
Virtune Coinbase 50 Index ETP is a physically-backed exchange-traded product (ETP) tracking the Coinbase 50 Europe Index, the premier global benchmark index for digital assets. Currently, VCOIN50 ETP offers exposure to 21 crypto assets that are compliant with market-specific regulatory and exchange-specific policies. Virtune’s expansion to include all 50 assets in the COIN50 is subject to regulatory and stock exchange approvals. The ETP provides exposure to up to 50 leading crypto assets and is rebalanced quarterly. The product features a transparent structure backed by physical holdings and secured with institutional-level solutions.
Allocation as of 30th of June 2025:
https://www.virtune.com/product/vcoin50
About Virtune:
Virtune is a Swedish-regulated crypto asset manager and issuer of 100% physically backed crypto ETPs. The company has experienced rapid growth in the Nordics since listing its first crypto ETP on Nasdaq Stockholm in May 2023. Today, Virtune manages $340 million in assets under management and has earned the trust of over 140,000 institutional and retail investors. Since its inception, Virtune has prioritized investor protection, and its success stems from its transparent, regulated approach and strong commitment to innovation and educating the market about crypto assets and ETPs.
Christopher Kock, CEO of Virtune:
“We have worked closely with Coinbase since our inception, leveraging their industry-leading custody, trading, and staking services across all our ETPs. Following the successful launch of the COIN50 ETP, we are proud to now bring this product to a broader European audience through its cross-listing on Euronext Paris. COIN50, designed as the crypto market’s equivalent of the S&P 500, aims to become the leading global crypto benchmark. This ETP provides both institutional and retail investors with diversified exposure to the crypto market – crafted by industry experts with deep experience and insight.”
About Coinbase:
Crypto creates economic freedom by ensuring that people can participate fairly in the economy, and Coinbase (NASDAQ: COIN) is on a mission to increase economic freedom for more than 1 billion people. We’re updating the century-old financial system by providing a trusted platform that makes it easy for people and institutions to engage with crypto assets, including trading, staking, safekeeping, spending, and fast, free global transfers. We also provide critical infrastructure for onchain activity and support builders who share our vision that onchain is the new online. And together with the crypto community, we advocate for responsible rules to make the benefits of crypto available around the world.
Brett Tejpaul, Head of Coinbase Institutional:
“With the launch of the Virtune Coinbase 50 Index ETP in Europe, we’re making one of the most comprehensive benchmarks for the crypto market directly accessible to investors across the EU. This marks a major step forward in our mission to expand global access to digital assets and provide institutional-grade tools for navigating this evolving asset class. The introduction of this ETP reinforces our commitment to bridging traditional financial infrastructure with the growing demand for regulated, secure exposure to the digital economy.”
About MarketVector:
MarketVector IndexesTM (“MarketVector”) is a regulated Benchmark Administrator in Europe, incorporated in Germany and registered with the Federal Financial Supervisory Authority (BaFin). MarketVector maintains indexes under the MarketVectorTM, MVIS®, and BlueStar® names. With a mission to accelerate index innovation globally, MarketVector is best known for its broad suite of Thematic indexes, a long-running expertise in Hard Asset-linked Equity indexes, and its pioneering Digital Asset index family. MarketVector is proud to be in partnership with more than 25 Exchange-Traded Product (ETP) issuers and index fund managers in markets throughout the world, with more than USD 57 billion in assets under management.
Martin Leinweber, Director, Digital Asset Research and Strategy, MarketVector:
“The Virtune Coinbase 50 Index ETP marks a significant step forward for crypto investment in Europe, offering broad, institutional-grade exposure to digital assets through a single, efficient product. This milestone combines MarketVector’s index expertise, Coinbase’s market infrastructure, and Virtune’s transparent, regulated approach. We’re proud to deepen our partnership with Virtune by becoming the index provider for their entire range of crypto ETPs across Europe. Together, we’re delivering the tools institutional and retail investors need to navigate the digital asset landscape with greater confidence and clarity.”
Key Information about the Product:
For questions, contact:
Christopher Kock, CEO & Member of the Board of Directors
Mobile: +46 70 073 45 64
Email: christopher@virtune.com
About Virtune AB (Publ):
Headquartered in Stockholm, Virtune is a regulated Swedish digital asset manager and issuer of crypto ETPs listed on regulated European exchanges. With strong regulatory foundations, partnerships with industry leaders, and a skilled team, Virtune delivers innovative and compliant investment products aligned with the evolving global crypto landscape.
Crypto investments are associated with high risk. Virtune does not provide investment advice; investments are made at your own risk. Securities may increase or decrease in value, there is no guarantee of getting back invested capital. Read the prospectus, KID, terms at virtune.com.
The Coinbase 50 Europe Index (“Index”) is the exclusive property of MarketVector Indexes GmbH (“MarketVector”) and its Licensors and has been licensed for use by Virtune AB (Publ) (“Licensee”). MarketVector has contracted with CC Data Limited to maintain and calculate the Index. CC Data Limited uses its best efforts to ensure that the Index is calculated correctly. Irrespective of its obligations towards MarketVector, CC Data Limited has no obligation to point out errors in the Index to third parties. In particular, MarketVector is not responsible for the Licensee and/or for Licensee’s legality or suitability and/or for Licensee’s business offerings. Offerings by Licensee, may they be based on the Virtune Coinbase 50 Europe ETP (“Product”) or not, are not sponsored, endorsed, sold, or promoted by MarketVector and any of its affiliates, and MarketVector and any of its affiliates make no representation regarding the advisability of investing in Licensee and/or in Licensee’s business offerings. MARKETVECTOR AND ANY OF ITS AFFILIATES AND ANY OF ITS LICENSORS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO LICENSEE.
Source: World Trade Organization – WTO (video statements)
On 27 June, the Informal Working Group on Micro, Small and Medium-sized Enterprises (MSMEs) marked MSME Day, announcing two new Small Business Champions: SilaiWali (India) and NetZero Pallets (Viet Nam).
Source: European Central Bank (video statements)
The ECB Forum on Central Banking – the Sintra Forum – is an annual event organised by the European Central Bank and is held in Sintra, Portugal.
It brings together central bank governors, academics, financial market representatives, journalists and others to exchange views on current policy issues and discuss the Forum’s key topic from a longer-term perspective.
Source: ASEAN
HA NOI, 24 June 2025 – The Twelfth Meeting of the Ad Hoc Working Group to develop the ASCC Strategic Plan (AHWG) was convened on 23-24 June in Ha Noi, Viet Nam. The meeting was co-chaired by Dr. Christina Yeo Ken Yin, Undersecretary of the International Relations Division (Culture), Ministry of Tourism, Arts and Culture of Malaysia, and Mike Mohen A. Padilla, Section Chief of External Affairs Division, Policy Development and Planning Bureau of the Philippines. The two-day meeting was convened to consolidate and refine the key performance indicators for each strategic measure of the ASCC Strategic Plan, based on inputs from the ASCC Sectoral Bodies.
In his welcoming remarks, Vice Minister of the Ministry of Home Affairs, Viet Nam, Vu Chien Thang, underscored the significance of the adoption of the ASEAN Community Vision 2045, commended the efforts of the Ad-hoc Working Group, and reaffirmed Viet Nam’s commitment to supporting the Strategic Plan’s implementation through coordinated development of the Results Framework and operationalisation of its communication plan.
In her opening remarks, Dr Christina, Ad Hoc Working Group (AHWG) Co-Chair from Malaysia, congratulated members of AHWG on the successful adoption of the ASCC Strategic Plan by the ASEAN Leaders during the 46th ASEAN Summit held in Kuala Lumpur, Malaysia, in May 2025. As part of the ASEAN Community Vision 2045, the ASCC Strategic Plan aims to foster a resilient, innovative, dynamic, and people-centered ASEAN.
The meeting commenced with the drafting of the ASCC Results Framework, which will translate the ASCC Strategic Plan into concrete and measurable indicators with baseline data and targets to support its implementation, monitoring and reporting.
Mike Mohen A. Padilla, Ad Hoc Working Group Co-Chair from the Philippines, highlighted that a clear and inclusive Results Framework is essential to turning the ASCC Strategic Plan into real, measurable progress. He emphasised that its values rest not only in technical complexity but also in guiding impactful, people-centred actions toward the ASEAN Community Vision 2045.
The meeting also reviewed the timeline for finalising the ASCC Results Framework and reflected on lessons learned from the monitoring and evaluation of the ASCC Blueprint 2025. Discussion highlighted the importance of consultations with ASCC and cross-pillar sectoral bodies who are part of the Strategic Plan’s implementation. The Meeting also noted the planned capacity-building for ASCC Sectoral Bodies on results framework and theory of change, as well as the updates on communication and outreach initiatives for the ASCC Strategic Plan.
Deputy Secretary-General of ASEAN for the ASCC, San Lwin, highlighted the importance of finalising the ASCC Results Framework prior to the start of the ASCC Strategic Plan’s implementation as it will serve as a critical tool and benchmark for its progress.
The Meeting was supported by the Government of Australia through the Development of the ASCC Results Framework and Baselining of the ASCC Strategic Plan Project under the Australia for ASEAN Futures Initiative (Aus4ASEAN Futures).
The post ASEAN Socio-Cultural Community (ASCC) advances strategic plan with key performance indicator refinement appeared first on ASEAN Main Portal.
Source: United Kingdom – Executive Government & Departments 3
UK Statement at Norway’s World Trade Organization Trade Policy Review. Delivered by the UK’s Permanent Ambassador to the WTO and UN, Simon Manley.
State Secretary, a very warm welcome to you and your delegation both from Oslo and here from Geneva. Thank you for bringing the spark of the land of Midnight Sun, beautiful Fjords and magical Northern Lights.
Thank you to the WTO Secretariat, as ever, for their report. Thank you, Chair, for your introductory comments. Thank you to our distinguished discussant for his insightful comments. I thought your final point about the value shown by the Norwegian case, but obviously a much broader point about institutions, is a very worthwhile one.
Thank you, also, to the government of Norway for piloting the new Trade Policy Review portal. We were particularly pleased to see it come to life given that we have our own TPR coming up later this year so we may see it in use again.
Report Analysis
Chair, the reports highlight Norway’s extraordinary economic resilience, keeping up its very high GDP per capita level despite the challenges of COVID-19 and the rest.
Its transformation into a high-income, knowledge-based economy, for us, reflects the power of open trade and strategic investment. The World Bank says that international trade accounts for over 80% of its GDP, which is remarkable.
Between 2018 and 2024, foreign trade rose steadily. Imports grew from over 700 billion Norwegian Krone to over one trillion Krone, and exports from just over one trillion Krone to almost two trillion Krone. Extraordinary figures. Excluding oil, gas, ships and drilling platforms, traditional goods trade rose by about 50% and services trade by 110%.
Testimony, if I may say, State Secretary, to your commitment to open trade and investment, but also the rewards of that commitment.
Digitoll
As noted in our Advance Written Questions, we’re particularly interested in the Digitoll customs declaration system, set for full rollout next year.
We very much welcome its aim to automate customs proceedings and speed up clearances, especially given imports represent over 40% of Norway’s GDP.
We look forward to further details and we wish you every success with that rollout.
Bilateral Relationship
Bilaterally, Chair, our relationship with Norway is exceptionally close. So close, in fact, that the Norwegian Prime Minister described us as ‘best friends’ during our own Prime Minister’s visit in May. As somebody who has been around in the diplomatic service for a few years, I have never seen it so strong. And we have had several ministerial visits just in the last 12 months.
And this relationship also extends to trade. In 2024, Norway was the UK’s 12th largest trading partner with total trade valued at over £38 billion.
Our UK-EEA/EFTA Free Trade Agreement (FTA), signed in 2021, is one of the UK’s most modern and comprehensive. This FTA is not only a successful deal for businesses in both countries but also provides our governments with the opportunity for regular dialogue on trade, which we very much appreciate.
Our Strategic Partnership, signed in December last year, adds further depth and breadth, particularly in priority sectors such as energy.
In May, we welcomed our Green Industrial Partnership, which reflects our unique energy relationship across the North Sea. And just last week, in our newly published and elegant Trade Strategy, we committed to build on that bilateral partnership, underscoring its importance for our shared clean energy goals.
Gender
Chair, our countries also share a commitment to gender equality in trade.
We welcome Norway’s efforts, including through its board composition requirements for limited liability companies. As one of the three co-chairs of our Informal Working Group on Trade and Gender here, let me commend Norway’s participation in that group, and encourage it to continue sharing its valuable practices here at the WTO.
WTO Engagement
Which brings me last, but by no means least, to Norway’s exemplary commitment to the multilateral trading system and to this organisation.
Like others, I must start by paying tribute to my colleague, true friend of the system and multi-hatted Norwegian colleague, Petter Ølberg. DSB Chair, DS Reform Facilitator, General Council Chair; his personal commitment to this organisation is clear as is his track record of success.
Petter, your leadership as GC Chair was genuinely inspiring. And we agree with your final message to all of us: real dialogue and real reform are essential to the future of this organisation.
So, we are thrilled that you have been appointed as Reform Facilitator. As outlined in our Trade Strategy we remain a staunch supporter of the multilateral trading system but we agree there is an urgent need for reform.
And so we welcome Norway’s participation in key WTO plurilateral initiatives, including the JSIs on Services Domestic Regulation, Electronic Commerce, and Investment Facilitation for Development. I think they reflect your forward looking approach, State Secretary, to modernising global trade rules and are a key part of those reform efforts.
We applaud your ratification of the Agreement on Fisheries Subsidies and encourage your continued leadership.
And your leadership on trade and environment is particularly commendable, where you have consistently championed ambitious and constructive engagement.
Like the UK, as you said at the beginning, State Secretary, our two countries see trade policy as an enabler of the vital move to net zero. Our new Trade Strategy supports this, as it underlines that we would like to go further with Norway and others to “go further and faster in the transition to net zero”.
And finally, on trade and development, your leadership and advocacy for the interests of developing countries is appreciated right across this organisation. As fellow donors, we have worked closely together, and will continue to do so, including through our support for the Advisory Centre on WTO Law and as Board members of the Enhanced Integrated Framework, to help ensure the proper participation of developing countries in the multilateral trading system.
Conclusion
So, to conclude, State Secretary, keep up the good work! Keep up being an example to all of us.
As this is my last Trade Policy Review, let me say that it has been a real pleasure to end with such a close trading partner and genuine friend as well as a good neighbour. Trade Policy Reviews, Chair, are fundamental to transparency and the good working of this organisation. And I know my successor, Kumar Iyer, and our team, are looking forward to our own first TPR later this year.
‘Tusen takk’ to you, State Secretary, and your team for your full and transparent engagement with this TPR, yet another example of your continued commitment to this organisation. Thank you.
New Zealand’s Local Heroes
The New Zealander of the Year Awards Office is proud to welcome Tower as the new naming rights sponsor of the New Zealand Local Hero of the Year Award Te Pou Toko o te Tau within Kiwibank New Zealander of the Year Awards Ngā Tohu Pou Kōhure o Aotearoa.
Tower’s sponsorship signals a powerful alignment of values. With a 155-year legacy of serving Aotearoa, Tower is deeply embedded in communities across the motu. Its long-standing commitment to care, connection, and backing everyday New Zealanders makes it a natural fit for an Award that honours those who quietly uplift the places and people around them.
“Tower has been supporting New Zealanders for 155 years. As a proud Kiwi business, we are thrilled to take over the stewardship of the New Zealand Local Hero Award,” said Tower CEO Paul Johnston.
“In line with our purpose to inspire, shape and protect the future for the good of our customers and communities, we are excited to join the Kiwibank New Zealander of the Year Awards in honouring local heroes across Aotearoa. Our people can’t wait to connect with our communities on this important work. To all past and future local hero nominees and finalists, thank you for your contributions to Aotearoa.”
Miriama Kamo, Te Koruru Patron of the Kiwibank New Zealander of the Year Awards Ngā Tohu Pou Kōhure o Aotearoa, said the partnership marks a meaningful step forward for one of the programme’s beloved Awards. “The Tower New Zealand Local Hero of the Year Award celebrates the quiet champions who uplift our people and places every day. It’s a treasured category in the Kiwibank New Zealander of the Year Awards and we’re so pleased to welcome Tower as the new kaitiaki of this Award – helping us continue to honour the everyday heroes shaping their corner of Aotearoa for the better.”
Nominations for the Kiwibank New Zealander of the Year Awards Ngā Tohu Pou Kōhure o Aotearoa open on 24 July 2025 and can be made in one or more of the seven Awards by any member of the public over 15 years of age until Sunday 24 August 2025 at nzawards.org.nz.
For individuals:
• Kiwibank New Zealander of the Year Te Pou Whakarae o Aotearoa
• Young New Zealander of the Year Te Mātātahi o te Tau
• Ryman Healthcare Senior New Zealander of the Year Te Mātapuputu o te Tau
• Tower New Zealand Local Hero of the Year Te Pou Toko o te Tau
• New Zealand Innovator of the Year Te Pou Whakairo o te Tau
• New Zealand Sustainability Leader of the Year Te Toa Taiao o te Tau
For duos or groups:
• Mitre 10 New Zealand Community of the Year Ngā Pou Whirinaki o te Tau
@nzeroftheyear
Source: Republic of China Taiwan
Foreign Minister Lin hosts welcome luncheon for former Japanese Economic Security Minister and current Representative Kobayashi
Date：2025-06-27
Data Source：TAIWAN-JAPAN RELATIONS ASSOCIATION
June 27, 2025
No. 223
Minister of Foreign Affairs Lin Chia-lung hosted a welcome luncheon on June 26 for Takayuki Kobayashi, former Japanese Minister in Charge of Economic Security and current member of the House of Representatives. They exchanged views on issues such as integrated diplomacy, response strategies for countering gray-zone tactics, and Taiwan-Japan cooperation in third countries.
Minister Lin stated that since assuming office, he had been proactively implementing integrated diplomacy. He said that the policy combined the strengths of the public and private sectors to expand Taiwan’s international presence and promote the Diplomatic Allies Prosperity Project, which aimed to deepen substantive and mutually beneficial relations with diplomatic allies and like-minded countries. He added that Taiwan was pleased that the Japanese government had recently bolstered strategic partnerships with Palau, Paraguay, Guatemala, and other diplomatic allies of Taiwan, and thanked Japan for actively advancing cooperative relations with Taiwan’s allies. He emphasized that Taiwan and Japan faced similar regional security and economic challenges and that the two sides should enhance collaboration and joint strategic responses.
Furthermore, he indicated that the industries of Taiwan and Japan were highly complementary and that, in the face of China’s aggressive pursuit of global high-tech industry dominance, Taiwan and Japan should work together to build non-red supply chains and boost economic resilience and industrial competitiveness to ensure that democracies steadily keep pace with technological developments worldwide.
Representative Kobayashi stated that Taiwan and Japan had a close friendship in terms of history, the economy, and personnel exchanges. He expressed hope that the visit would increase his understanding of Taiwan. In addition, he affirmed his desire to help further Taiwan-Japan ties in the future, which would contribute to safeguarding regional peace and stability.
Also in attendance at the luncheon were Taipei University of Marine Technology President Lu Yao-zhi, Institute for National Defense and Security Research Chief Secretariat Office Director Lin Yen-hung, and Japan-Taiwan Exchange Association Taipei Office Chief Representative Kazuyuki Katayama. The atmosphere was lively and cordial. (E)
Source: US Department of Health and Human Services
The Centers for Medicare & Medicaid Services (CMS) is notifying Medicare beneficiaries whose personal information may have been involved in a data incident affecting Medicare.gov accounts. CMS identified suspicious activity related to unauthorized creation of certain beneficiary online accounts using personal information obtained from unknown external sources. CMS takes this situation very seriously. The safeguarding and security of personally identifiable information is of the utmost importance to CMS.
Source: US Department of Health and Human Services
On June 30, 2025, the Centers for Medicare & Medicaid Services (CMS) issued a proposed rule to update payment rates and policies under the End-Stage Renal Disease (ESRD) Prospective Payment System (PPS) for renal dialysis services furnished to Medicare beneficiaries on or after January 1, 2026. This proposed rule would also update the acute kidney injury (AKI) dialysis payment rate for renal dialysis services furnished by ESRD facilities for calendar year (CY) 2026 and proposes to update requirements for the ESRD Quality Incentive Program (QIP).