Indian equity benchmarks closed lower for the third consecutive trading session on Tuesday, as weak global cues and investor caution weighed on sentiment.
The BSE Sensex dropped 636.24 points, or 0.78%, to end at 80,737.51, while the NSE Nifty fell 174.10 points, or 0.70%, to settle at 24,542.50.
IT, PSU banks, financial services, FMCG, and energy stocks led the decline. However, midcap and smallcap indices fared better. The Nifty Smallcap 100 inched up 0.10% to 18,114, while the Nifty Midcap 100 shed 0.45% to close at 57,517.
“After an initial uptick, the Nifty oscillated sharply in early trade; however, a sharp decline below the 20-day exponential moving average in the latter half of the session kept the tone negative,” said Ajit Mishra of Religare Broking.
Analysts cited sustained foreign fund outflows, geopolitical tensions, and uncertainty over global trade deals as key factors behind the market’s weakness. They added that strength in select banking stocks may cushion further downside.
Investors also appeared to be in wait-and-watch mode ahead of the Reserve Bank of India’s upcoming interest rate decision.
On the currency front, the rupee gave up Monday’s gains, impacted by risk aversion, a stronger U.S. dollar, and continued outflows. HDFC Securities’ Dilip Parmar expects the USD/INR pair to trade in the 85.10–85.90 range in the near term.
Gold prices remained steady near ₹97,700 on the MCX after a sharp rally on Monday. Analysts said the market is consolidating ahead of key economic data releases from the U.S.
Source: People’s Republic of China in Russian – People’s Republic of China in Russian –
Source: People’s Republic of China – State Council News
PARIS, June 3 (Xinhua) — Global GDP growth is projected to slow to 2.9 percent this year and next from 3.3 percent in 2024, the Organization for Economic Cooperation and Development (OECD) said Tuesday.
In its latest economic outlook, the OECD revised down its global growth forecast, citing a technical assumption that current tariff rates as of mid-May will remain in place despite ongoing legal wrangling.
The organization warned that if current trends (rising trade barriers, tightening financial conditions, weakening business and consumer confidence and increasing political uncertainty) continue, they could significantly undermine global growth prospects. –0–
Geneva, Switzerland, 2 June 2025 – The inaugural Global Early Warnings for All Multi-Stakeholder Forum opened today with a resounding call to accelerate the implementation of life-saving early warning systems worldwide. Co-led by the United Nations Office for Disaster Risk Reduction (UNDRR) and the World Meteorological Organization (WMO), the forum brings together governments, international organizations, civil society, private sector actors, and communities to advance the UN Secretary-General’s Early Warnings for All (EW4All) initiative.
As part of the preparatory days for the Global Platform for Disaster Risk Reduction, the two-day forum aims to ensure that every person on Earth is protected by early warning systems by the end of 2027. With disasters projected to increase by 40% between 2015 and 2030, and economic losses from disasters in 2023 estimated at $250 billion, the urgency for effective early warning systems has never been greater.
The forum’s opening session featured a comprehensive stock-take of global early warning system progress, highlighting that 108 countries report that they have multi-hazard early warning systems. Building on outcomes from five regional Early Warnings for All Multi-Stakeholder Fora held across Asia-Pacific, Africa, Europe & Central Asia, the Americas & Caribbean, and Arab States, the global gathering captures lessons learned and identifies pathways to close remaining gaps.
Community-centered approaches and innovation at the forefront
Graphic recording of thematic session on community empowerment.
The forum’s first day emphasized the critical importance of people-centered approaches to early warning systems. Thematic sessions explored how communities can be empowered through user-tailored early warnings and early action, with particular attention to the unique challenges faced in fragile and conflict settings.
Mr. Kamal Kishore, Special Representative of the UN Secretary-General for Disaster Risk Reduction, reinforced this message, stating, “Leave no one behind comes very important in the context of early warning systems. Women, children and persons with disabilities are not passive recipients of services, they are active participants.”
Participants examined effective governance models that support multi-hazard early warning systems, recognizing that successful implementation requires institutionalized chains of responsibility and multi-stakeholder engagement including South-South and Triangular Cooperation mechanisms. The forum highlighted that early warning systems are strongest when at-risk communities and sectors co-develop and co-own these systems, ensuring trust, timely action, and long-term sustainability.
Innovation emerged as a key theme, with experts showcasing how science, technology, and local knowledge can advance multi-hazard early warning systems. Discussions covered the integration of artificial intelligence, satellite systems, Information of Things (IoT) technologies, and traditional knowledge systems to enhance forecasting accuracy and improve warning dissemination to vulnerable populations.
Ambassador Julien Thöni, Deputy Permanent Representative of Switzerland to the United Nations and other Organisations in Geneva, highlighted the dual nature of innovation: “Early Warning Systems can go hand-in-hand with innovation. New technologies from satellite data to mobile alerts help us predict more accurately and reach people faster. But innovation also means finding smarter ways to work together, adapt to local needs, and make sure no one is left behind.”
Building partnerships for resilient futures
Graphic recording of opening session & stock take on collaborative action and multilateralism.
The forum underscored that no single entity can build and maintain effective early warning systems alone. Participants emphasized the need for stronger partnerships across sectors, levels of government, and international boundaries to achieve Early Warnings for All, by All.
Professor Celeste Saulo, Secretary-General of the World Meteorological Organization, emphasized the critical importance of collaboration: “No warning, however early, is effective unless it reaches the right people at the right time. And that is why we are here today. To cement our partnerships and trust which are essential to early action…Alone we can do very little. But together, we can do so much.”
Early warning systems provide a ten-fold return on investment and are recognized as among the most cost-effective adaptation measures. However, their full socio-economic benefits remain under-documented, highlighting the need for better evidence and advocacy to scale up investments.
The forum’s diverse organizing committee, including the International Telecommunication Union (ITU), the International Federation of Red Cross and Red Crescent Societies (IFRC), the CREWS Secretariat, the Risk-informed Early Action Partnership (REAP), the United Nations Development Programme (UNDP), the United Nations Environment Program (UNEP), the Food and Agriculture Organization (FAO), United Nations Office for the Coordination of Humanitarian Affairs (OCHA), Group on Earth Observations (GEO), the United Nations Educational, Scientific, and Cultural Organization (UNESCO), the World Food Programme (WFP), Stakeholder Engagement Mechanism (SEM), the Global Network of Civil Society for Disaster Reduction (GNDR), and the Executive Office of the Secretary-General Climate Action Team, reflects the multi-stakeholder approach essential for success.
Path forward: cooperation and finance
Graphic recording of session on effective governance to support multi-hazard early warning systems.
As the Forum continues, participants will focus on accelerating Early Warnings for All through international, regional and national cooperation and partnerships, alongside solutions for scaling and sustaining investments in multi-hazard early warning systems and building resident capacity.
The Forum will produce an outcome statement sharing overarching needs and priorities, as well as emerging opportunities identified by participants at the global level. These outcomes will feed directly into the Global Platform’s thematic session on early warnings and early action.
With Target G of the Sendai Framework calling for substantial increases in the availability and access to multi-hazard early warning systems, the Global Early Warnings for All Multi-Stakeholder Forum represents a critical milestone in the journey toward universal protection from disasters.
The Global Early Warnings for All Multi-Stakeholder Forum continues on 3 June 2025, focusing on international cooperation and financing solutions for early warning systems.
The 8th Global Platform on Disaster Risk Reduction 2025 (GPDRR2025) began with preparatory events on Monday, 2 June, ahead of the upcoming official programme with highlevel meetings from 4-6 June in Geneva, Switzerland. GPDRR 2025 is organized by the UN Office for Disaster Risk Reduction (UNDRR) and hosted by the Government of Switzerland. Two parallel events took place on Monday: the Third Stakeholder Forum and the Global Early Warning for All (EW4All) MultiStakeholder Forum.
Third Stakeholder Forum
Opening
The Third Stakeholder Forum opened with statements by the Governments of Switzerland and Indonesia and senior UN leaders under the theme “United for Resilience.” Speakers highlighted progress on the Bali Agenda for Resilience, an outcome of the 7th Global Platform in 2022, and the opportunities for inclusive disaster risk reduction (DRR).
Mirjam Macchi, Swiss Agency for Development and Cooperation, appreciated stakeholders’ solidarity around the evacuation and assistance to the historic village of Blatten, destroyed last week by a glacial landslide 200 km from Geneva. She noted that even livestock were cared for-a powerful reminder that “resilience begins with local people” and inclusive solutions are more effective when those directly affected by disasters bring vital knowledge to action.
Achsanul Habib, Permanent Representative of Indonesia to the UN, reaffirmed Indonesia’s commitment to risk-informed policies and inclusive approaches. He encouraged all participants to use the Stakeholder Forum as “not only a platform to listen and share, but a platform to act together.”
The event also showcased the Sendai Framework Voluntary Commitments online platform (SFVC), where stakeholders can register their commitments, and users can identify areas of activity as well as gaps. Yuki Matsuoka, Head, UNDRR Office in Japan, noted that 729 individual organizations so far have registered their commitments.
Celeste Saulo, Secretary-General, World Meteorological Organisation
Whole-of-society approach for the Sendai Framework on DRR: A collective responsibility
Sarah Wade-Apicella, UNDRR, moderated the session. On effective methods to implement inclusive DRR, Marcie Roth, World Institute on Disability, underscored the need for people with disabilities to be involved early in co-development of disaster risk strategies, and for foresight processes to incorporate diverse voices. Major Hamad Sabah Al-Sawar, Director of Crisis and Disaster Management, Bahrain, described Bahrain’s communication platform providing diverse modes of information sharing in multiple languages, the use of a phone application, and a common hashtag used to mobilize public action.
On intersectional and intergenerational knowledge sharing, Tom Colley, HelpAge International, drew attention to the wide network of older people associations worldwide as opportunities to engage this age group in DRR. He noted these associations can also harness and serve as channels for bringing Indigenous Peoples’ knowledge into DRR strategies. Barrise Griffin, Disaster Risk Management Authority, The Bahamas, emphasized moving away from one-off, extractive approaches to information gathering, and instead facilitating ongoing dialogue. Josefina Miculax Sincal, Huairou Commission, called for frameworks and trainings to strengthen good practices at the community level.
A slide showing the numbers of internal displacement by hazard for 2015- 2024.
Participants then heard comments and questions from the floor on the role of national DRR platforms in community-level participation, engagement, and school programs for children; managing conflicts of interest; looking beyond immediate impacts of DRR; measuring the effectiveness of stakeholder engagement; shifting risk ownership to local communities to handle disasters; and securing resources.
Data and financing for disaster displacement as loss and damage
Steven Goldfinch, Asian Development Bank (ADB), moderated this session.
Christelle Cazabat, Internal Displacement Monitoring Centre, explained that research into Hurricane Milton’s impacts in the US shows how people’s aspirations change when displacement stretches into the long term. She noted 2024 saw the highest number of people displaced in a single year globally (45.8 million), as well as the highest number of people continuing to live in displacement (9.8 million).
Noralene Uy, Department of Environment and Natural Resources, the Philippines, noted that her country ensures children have access to child-friendly spaces during displacement, and that national protocols guide national and local assessments and reporting. Isoa Talemaibua, Ministry for Maritime and Rural Development, Fiji, highlighted Fiji’s risk assessment activities and stressed the value of financial tools such as green and blue bonds, and parametric insurance that enables rapid payouts based on environmental triggers.
Hoang Phuong Thao, ActionAid Vietnam, highlighted the organization’s work with marginalized and remote communities to use smartphones for receiving early warnings, as well as for reporting on local conditions, thereby informing the government’s trend analysis. Catalina Díaz Escobar, Corporación Antioquia Presente, emphasized that data collection itself is a political process and should be conducted in an ethical and respectful manner.
From Paris to Sendai: the fundamental connection of climate and DRR
Jamie Cummings, Sendai Stakeholder Engagement Mechanism, moderated the session. Animesh Kumar, UNDRR, underlined that risk is a common denominator across the Sendai Framework, Paris Agreement, and Sustainable Development Goals (SDGs), stating that all these global frameworks share the goal of resilience. He encouraged the institutionalization of the agreements at the national level and highlighted the need to localize them. On technical assistance, he stressed that funding applications under the Santiago Network -a mechanism to support countries recovering from loss and damage due to climate change -should be designed to catalyze downstream impacts. Hisan Hassan, National Disaster Management Authority, Maldives, described his country’s focus on EW4All and slow-onset losses. Manon Robin, UN Framework Convention on Climate Change (UNFCCC) Secretariat, discussed integration of national adaptation plans and DRR strategies and emphasized, supported by Le-Anne Roper, UNDRR, the need to focus on coordinating actors on different aspects of climate resilience. Amber Fletcher, University of Regina, emphasized that slow-onset disaster management and funding are crucial for food producers, and stressed the significance of non-economic loss and damage.
View of the panel during the “From Paris to Sendai: the Fundamental Connection of Climate and DRR” event.
Innovative financing and private sector leadership in DRR
Camila Tapias, UNDRR ARISE Global Board Member, moderated the session. Manisha Gulati, ODI Global, noted that most funding goes toward emergency response after disasters occur. She highlighted that when the private sector invests in critical services, DRR becomes an outcome, not only a target.
Yezid Niño, Private Sector Liaison, UNDRR Americas, emphasized the relevance of understanding that DRR is part of the development of the countries and pointed toward the role of regulatory frameworks in involving the private sector in financing DRR. Terry Kinyua, Co-Chair of the ARISE Global Board, stressed that the resilience of communities amounts to the resilience of a country.
Through digital interaction, attendees identified cost-benefit analysis, data gaps, and trust as the major barriers to private sector investment in DRR. Among the actions leaders can take to accelerate investment in resilience, attendees mentioned political incentives, regulatory alignment, resilience as a national priority, and the involvement of local leaders.
View of the panel during the “Innovative Financing and Private Sector Leadership in DRR” event.
Implementation of climate and DRR gender action plans at the national level-Synergies and strategies
Mwanahamisi Singano, Women’s Environment and Development Organization (WEDO), moderated this panel discussion unpacking synergies between the different Gender Action Plans (GAPs) under multiple conventions and frameworks, including the Sendai GAP. She noted the need to avoid duplication and ensure cost effectiveness.
Mary Picard, Humanitarian and Development Consulting, gave a keynote address describing the actions leading to the launch of the Sendai GAP in 2024. Panelists mentioned key lessons from their experiences with governments in implementing the GAPs, including the challenge of competing priorities and political preferences among different ministries when attempting to coordinate the different GAPs. Other interventions focused on holding governments and agencies accountable for implementing GAPs and enhancing communication among women’s networks, particularly those involved in DRR. Following interventions on regional mapping tools and GAP observatories that monitor implementation progress, Singano invited participants to provide inputs towards developing a universal DRR gender equality observatory.
Community-led action for resilience, building partnerships for inclusive action
Maité Rodríguez, Fundación Guatemala, moderated this session. The panel featured grassroot women leaders and related international organizations. Godavari Dange, Swayam Shikshan Prayog, a women-led organization of farmer-producers, highlighted women farmers’ work in drought preparedness to cultivate and stockpile animal fodder. She also highlighted technology training conducted during the COVID-19 pandemic for women to use online platforms. Norma Choc Botzoc, Community Practitioners’ Platform for Resilience in Guatemala, described grassroot women’s own development of risk and vulnerability assessments, which, she noted, are being used as tools for advocacy to local authorities to direct resources appropriately. Speakers from ADB and the Centre for Coordination of Disasters in Central America and the Dominican Republic (CEPREDENAC) affirmed the central importance of cooperation and co-design of programs for climate resilience and recovery after disasters.
Disaster preparedness and risk reduction in urban areas—Building back better
Ladeene Freimuth, The Freimuth Group, moderated the session. Guilherme Simões, National Secretary for Peripheries, Ministry of Cities, Brazil, outlined the Live Peripheries program, which provides access to better urban infrastructure, social services, and opportunities; and the Peripheries Without Risk strategy, a community-based risk reduction and climate adaptation plan.
Marcie Roth, World Institute on Disability, highlighted EWS as one of the best-proven and cost-effective methods for reducing disaster deaths and losses. She drew attention to “Infinite Access,” a communication platform designed to deliver emergency alerts in multiple accessible formats.
Mario Flores, Habitat for Humanity International, discussed the challenges and opportunities of urban environments, stressing the need to build better in the first place; to have risk-informed development; and to consider housing as a platform for a peoplecentered resilience approach.
Debbra Johnson, ARISE-US Network, addressed the report “Navigating the sustainability-resilience nexus,” which brings together the SDGs, the Paris Agreement, and the DRR Sendai Framework.
Breaking the DRR financing silos: A systematic shift in DRR financing for localization of inclusive resilience
Camila Tapias, UNDRR ARISE Global Board Member, moderated the session. Noting that financial capital existed but is not reaching local levels, Tanjir Hossain, Stakeholder Engagement Mechanism, called for breaking down silos so funding is not sitting around while millions of people suffer. Steve Goldfinch, ADB, described the National Disaster Management Fund of Pakistan that finances projects with high economic benefits using a 70% – 30% funding model from provincial governments. He also highlighted the National Disaster Risk Management Fund of the Philippines that encourage local governments to invest in disaster response, relief, preparedness and risk reduction measures. Emma Haight, UNDRR Investor Advisory Board, described the adoption of a green sewer design, first developed in Washington DC, which proved so successful that the design was replicated in London, UK, Cape Town, South Africa, and Quito, Ecuador, highlighting its environmental and financial risk reduction, and over USD 200 million in cost savings. Michelle Chivunga, Global Policy House, discussed using artificial intelligence to shift DRR responses, optimize data utilization in local governments, track and mobilize funding, and to use digital capital during humanitarian crisis to make up for funding shortfalls. Sara Hoeflich, United Cities and Local Government, recommended investment in basic services such as water supply, street cleaning, and sewer solutions to ensure clean cities as an investment and risk mitigation measure. Marcos Concepción Raba, Global Network of Civil Society Organisations for Disaster Reduction, discussed effective localization.
Global Early Warning for All (EW4All) Multistakeholder Forum
Opening
Julien Thöni, Ambassador and Deputy Permanent Representative to the UN, Switzerland, said timely early warning action should provide critical time to act and respond, and noted that innovation better predicts and reaches people faster. Celeste Saulo, Secretary-General, World Meteorological Organization (WMO), suggested key criteria for improving early warning systems (EWS), including that science must connect people; and systems and partnerships must include actors “outside the DRR tent,” especially those most at risk. Kamal Kishore, Special Representative of the United Nations Secretary-General for Disaster Risk Reduction, and Head of UNDRR, said EWS should not be regarded as a once-off intervention. He said national ownership must be strengthened, and the concept of leaving no one behind should be embedded into all efforts. Selwin Hart, Special Adviser to the Secretary-General on Climate Action and Just Transition, via video, suggested EWS is the most basic tool for saving and protecting lives, and called for high-level political support, a boost in technology access, and public and private finance at scale.
Fireside chat: The state of EWS
Johan Stander, WMO, drew attention to national ownership, stakeholder engagement, and the involvement of funding partners when investing in EW4All. Sujit Kumar Mohanty, Chief of Branch, UNDRR, emphasized co-design and co-ownership approaches to meaningfully engage stakeholders for successful EW4All.
Good practices: Stakeholder perspectives on EWS
Interventions during this panel session included: calls to integrate women and youth in all decisions focused on EWS; investing in women’s leadership, particularly those with disabilities; ensuring young people are equitably involved; reaching those living in remote rural areas and conflict zones; and leveraging the communication power of mobile networks through private-public partnerships.
UNDRR Disability Leaders gather at the end of the day.
Perspectives from across regions on EWS
Panelists in this session focused on: successful collaboration and EWS progress in Zimbabwe after the 2019 Cyclone Idai; institutionalization of the community-based approach to EWS in Barbados; main challenges to integrate scientific tools and remote sensing into EWS in Lebanon; integration of the private sector in EWS decision-making process in Makati, the Philippines; and the role of cross-border cooperation, knowledge sharing, and educating people for effective EWS in Poland.
Thematic Sessions
Four thematic sessions took place during the day. These were:
Source: Hong Kong Government special administrative region
The Hong Kong Police Force, in collaboration with the police forces of Macao Special Administrative Region (SAR), Malaysia, the Maldives, Singapore, South Korea and Thailand, conducted the first joint operation of the Cross-border Anti-Scam Collaboration Platform “FRONTIER+” from April 28 to May 28. The operation achieved significant results in combating cross-border scam activities.
During the month-long operation, over 2 700 law enforcement officers from seven countries and regions were deployed, successfully identifying and dismantling multiple cross-border scam syndicates. In total, 1 858 individuals (aged between 14 and 81) were arrested, involving 9 268 scam cases, including online shopping scams, telephone deceptions (such as government official impersonation scams and impersonating customer service scams), investment scams, rental scams, and employment scams, etc, with a total loss amounting to US$225 million. A total of 32 607 bank accounts were frozen, and approximately US$20 million fraudulent funds were intercepted, effectively disrupting criminal cash flows. Enforcement details of the countries and regions are set out in the Annex.
Investigation revealed that scam trends show notable similarities across different jurisdictions. For instance, the impersonation of customer service representatives emerged as a widespread scam tactic in Hong Kong in 2024 and the trend started to drop in 2025 after police intervention. However, similar fraudulent schemes employing identical scripts and excuses to deceive citizens into monetary losses began to appear in Singapore and Macao SAR in 2025. This underscores the critical need for cross-jurisdictional collaboration and intelligence sharing to combat scam syndicates effectively.
The Cross-border Anti-Scam Collaboration Platform “FRONTIER+” was jointly established by various anti-scam centres in October 2024. As of now, the platform includes anti-scam centres from 10 countries and regions, namely Australia, Canada, Hong Kong SAR, Indonesia, Macao SAR, Malaysia, the Maldives, Singapore, South Korea and Thailand. By strengthening intelligence exchange and coordinated actions, the platform aims to combat scams, cyber-related crimes and money laundering. The platform will continue to conduct real-time intelligence analysis and sharing, carry out cross-border joint operations from time to time, and expand its network by inviting more countries and regions to join in order to enhance enforcement efficiency.
Members of the public are urged to remain vigilant against scams at all times and to exercise caution in their financial transactions. Avoid hastily clicking on hyperlinks, downloading mobile applications, or logging into suspicious websites. If in doubt, the public is advised to verify suspicious information or websites using “Scameter” on CyberDefender’s website (cyberdefender.hk/en-us/scameter/), or the mobile app “Scameter+”; or to call the “Anti-Scam Helpline 18222” for enquiries
Source: Hong Kong Government special administrative region
The Registration and Electoral Office (REO) announced today (June 3) that the Electoral Registration Officer (ERO), in accordance with the new section 14(1AB) of the Schedule to the Chief Executive Election Ordinance (Cap. 569) (the Ordinance), has specified June 24, 2025, as the publication date of the provisional register; and July 21, 2025, as the publication date of the final register for the 2025 Election Committee subsectors (ECSSs).
The Chief Executive has specified December 7, 2025, as the date for holding the general election for the eighth term Legislative Council (LegCo). As regards the ECSS By-elections to be held before the LegCo General Election, the date will be September 7, 2025.
A spokesman for the REO said, “The Electoral Legislation (Miscellaneous Amendments) Ordinance 2025 introduced a provision that empowers the ERO to suitably advance the publication of the registers for ECSSs in the year of the LegCo general election (including this year) through accelerating part of the working procedures, so that the ECSS By‑elections of the year can be conducted in accordance with the most updated information included in the register without having to adopt the register published in late September in the year earlier. To enable the ECSS By‑elections, to be held on September 7 this year, to be conducted on the basis of the latest voter situation, the ERO will advance the compilation and publication of the 2025 provisional/final registers for ECSSs. The relevant notice was gazetted today.
“In case voters/new applicants of ECSSs received requests from the REO for supplementary information, please reply by June 9, 2025,” the spokesman added.
Arrangements for inspection of provisional register and omissions list for ECSSs
The 2025 provisional register and omissions list for the ECSSs will be published on June 24 for inspection by specified persons under the law until June 30. For details of the inspection arrangements, please visit the REO webpage reo.gov.hk/en/voter/checkvrstatus/registers.html.
All ECSS voters may also check their registration status and particulars, including whether they have been entered into the omissions lists for ECSSs, through “iAM Smart” or the Voter Registration website (vr.gov.hk).
Voters who have been included in the omissions list for ECSSs will receive reminding letters from the REO to confirm their eligibility. The envelopes of the reminding letters are beige in colour with a message, “Immediate action required. Your voting right is at stake” printed in red. Recipients must reply or provide supplementary information on or before the statutory deadline of June 30 by post, fax or email; or by using a mobile device to scan the QR code on the reply slip and upload the required information to the REO e-Form Upload Platform so that they may, upon the Revising Officer’s approval, keep their voter status and be included in the final register of ECSSs. Any claims or objections with regard to the provisional register and omissions list of ECSSs should be lodged in person with the REO by the statutory deadline of June 30. The Revising Officer will consider the evidence provided by the applicant and make a ruling according to law.
The REO will publish the 2025 final register for ECSSs on July 21.
Register for the Election Committee
In addition, pursuant to section 4 of the Schedule to the Ordinance, the ERO will publish the provisional register and omissions list of the Election Committee (EC) on June 9, 2025. The related period for lodging claims and objections is from June 9 to 16. In accordance with section 5 of the Schedule to the Ordinance, the Electoral Affairs Commission will take into account the provisional register for the EC and the ruling of cases of claims and objections (if any) by the Revising Officer, to determine the numbers of vacancies of elected members in each of the subsectors to be filled at the ECSS By-elections this year; and the numbers of vacancies of nominated members to be filled through supplementary nomination.
Upon completion of the above procedures, the REO will publish notices in the Gazette on July 4 to announce the number of EC members to be returned for the relevant subsectors at the ECSS By-elections, the designated bodies of subsectors that need to fill vacancies of EC members and the number of EC members that they can nominate, and the details for the submission of nomination forms, including the period and addresses for submission.
CHICAGO, MILWAUKEE and NEW YORK, June 03, 2025 (GLOBE NEWSWIRE) — YieldMax® today announced distributions for the YieldMax® Target 12™ ETFs listed in the table below. The Fund seeks to generate income with a 12% target annual income level.
YieldMax®Target 12™ Semiconductor Option Income ETF
Monthly
$0.4720
12.00%
0.17%
100.00%
6/4/25
6/5/25
Standardized Performance and Fund details can be obtained by clicking the ETF Ticker in the table above or by visiting us atwww.yieldmaxetfs.com
You are not guaranteed a distribution under the ETFs. Distributions for the ETFs (if any) are variable and may vary significantly from period to period and may be zero.
Investors in the Funds will not have rights to receive dividends or other distributions with respect to the underlying reference asset(s).
1Each ETF’s strategy will cap potential gains if its referenceasset’sshares increase invalue,yetsubjects an investor to all potential losses if the reference asset’s shares decrease in value. Such potential losses may not be offset by income received by the ETF.
2The Distribution Rate shown is as of close onJune2,2025. The Distribution Rate is the annual distribution rate an investor would receive if the most recent distribution,which includes option income, remained the same going forward. The Distribution Rate is calculated by annualizingan ETF’sDistribution per Share and dividing suchannualizedamount by the ETF’s most recent NAV. The Distribution Rate represents a single distribution from the ETF and does notrepresentits total return. Distributions may also include a combination of ordinary dividends, capital gain, and return of investor capital, which may decreasean ETF’sNAV and trading price over time. As a result, an investor may suffer significant losses to their investment. These Distribution Rates may be caused by unusually favorable market conditions and may not be sustainable. Such conditions may not continue to exist and there should be no expectation that this performance may be repeated in the future.
3The 30-Day SEC Yield represents net investment income,which excludes option income,earned by such ETF over the 30-Day period endedMay 31, 2025, expressed as an annual percentage rate based on such ETF’s share price at the end of the 30-Day period.
4ROCEach ETF’s strategy (except those of the Short ETFs) will cap potential gains if its referenceasset’sshares increase invalue, yetsubjects an investor to all potential losses if the reference asset’s shares decrease in value. Such potential losses may not be offset by income received by the ETF. Each Short ETF’s strategy will cap potential gains if its reference asset decreases invalue, yetsubjects an investor to all potential losses if the reference asset increases in value. Such potential losses may not be offset by income received by the ETF.
5ROC refers to Return of Capital. The ROC percentage indicates how much the distribution reflects an investor’s initial investment. The figures shown for each Fund in the table above are estimates and may later be determined to be taxable net investment income, short-term gains, long-term gains (to the extent permitted by law), or return of capital. Actual amounts and sources for tax reporting will depend upon the Fund’s investment activities during the remainder of the fiscal year and may be subject to changes based on tax regulations. Your broker will send you a Form 1099-DIV for the calendar year to tell you how to report these distributions for federal income tax purposes.
Each Fund has a limited operating history and while each Fund’s objective is to provide current income, there is no guarantee the Fund will make a distribution. Distributions are likely to vary greatly in amount.
Important Information Investors should consider the investment objectives, risks, charges and expenses carefully before investing. For a prospectus or summary prospectus with this and other information about each Fund, visit our website atwww.YieldMaxETFs.com. Read the prospectus or summary prospectus carefully before investing.
There is no guarantee that any Fund’s investment strategy will be properly implemented, and an investor may lose some or all of its investment in any such Fund.
This material must be preceded or accompanied by the prospectus. For all prospectuses, click here.
Tidal Financial Group is the adviser for all YieldMax® ETFs.
THE FUND, TRUST, AND ADVISER ARE NOT AFFILIATED WITH ANY UNDERLYING REFERENCE ASSET.
Risk Disclosures
Investing involves risk. Principal loss is possible.
Call Writing Strategy Risk. The path dependency (i.e., the continued use) of the Fund’s call writing strategy will impact the extent that the Fund participates in the positive price returns of the underlying reference asset and, in turn, the Fund’s returns, both during the term of the sold call options and over longer periods.
Counterparty Risk. The Fund is subject to counterparty risk by virtue of its investments in options contracts. Transactions in some types of derivatives, including options, are required to be centrally cleared (“cleared derivatives”). In a transaction involving cleared derivatives, the Fund’s counterparty is a clearing house rather than a bank or broker. Since the Fund is not a member of clearing houses and only members of a clearing house (“clearing members”) can participate directly in the clearing house, the Fund will hold cleared derivatives through accounts at clearing members.
Derivatives Risk. Derivatives are financial instruments that derive value from the underlying reference asset or assets, such as stocks, bonds, or funds (including ETFs), interest rates or indexes. The Fund’s investments in derivatives may pose risks in addition to, and greater than, those associated with directly investing in securities or other ordinary investments, including risk related to the market, imperfect correlation with underlying investments or the Fund’s other portfolio holdings, higher price volatility, lack of availability, counterparty risk, liquidity, valuation and legal restrictions.
Options Contracts. The use of options contracts involves investment strategies and risks different from those associated with ordinary portfolio securities transactions. The prices of options are volatile and are influenced by, among other things, actual and anticipated changes in the value of the underlying instrument, including the anticipated volatility, which are affected by fiscal and monetary policies and by national and international political, changes in the actual or implied volatility or the reference asset, the time remaining until the expiration of the option contract and economic events.
Distribution Risk. As part of the Fund’s investment objective, the Fund seeks to provide current income. There is no assurance that the Fund will make a distribution in any given period. If the Fund does make distributions, the amounts of such distributions will likely vary greatly from one distribution to the next.
High Portfolio Turnover Risk. The Fund may actively and frequently trade all or a significant portion of the Fund’s holdings. A high portfolio turnover rate increases transaction costs, which may increase the Fund’s expenses.
Liquidity Risk. Some securities held by the Fund, including options contracts, may be difficult to sell or be illiquid, particularly during times of market turmoil.
Non-Diversification Risk. Because the Fund is “non-diversified,” it may invest a greater percentage of its assets in the securities of a single issuer or a smaller number of issuers than if it was a diversified fund.
New Fund Risk. The Fund is a recently organized management investment company with no operating history. As a result, prospective investors do not have a track record or history on which to base their investment decisions.
Price Participation Risk. The Fund employs an investment strategy that includes the sale of call option contracts, which limits the degree to which the Fund will participate in increases in value experienced by the underlying reference asset over the Call Period.
Inflation Risk. Inflation risk is the risk that the value of assets or income from investments will be less in the future as inflation decreases the value of money. As inflation increases, the present value of the Fund’s assets and distributions, if any, may decline.
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PETAH TIKVA, Israel, June 03, 2025 (GLOBE NEWSWIRE) — Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions and services, announced today that it has received a $40 million contract for its virtualized SkyEdge IV platform, expected to be delivered over the next 24 months. Designed with a cloud-native architecture and ready for future 5G-NTN (Non-Terrestrial Network) standards, the platform marks a major step forward in the transformation of satellite ground networks, enabling satellite operators and service providers to meet the evolving demands of modern connectivity.
This milestone award demonstrates the successful evolution strategy of Gilat’s SkyEdge IV platform, now virtualized over cloud infrastructure and utilizing the DIFI digital interface open standard. The multi-service, fully virtualized SkyEdge IV software platform delivers unprecedented adaptability, scalability, and efficiency, enabling satellite operators to deploy the platform on standard cloud-based infrustructure and thereby accelerate the delivery of multi-orbit next-generation services.
This deployment also marks a significant step in the SkyEdge IV evolution plan for 5G NTN, further solidifying Gilat’s move towards ground segment digital transformation. This evolution promises standard ubiquitous connectivity across terrestrial and non-terrestrial networks, a multi-vendor open ecosystem for the satcom industry, and new revenue streams from new use cases.
“We are excited to support new software-defined satellites, delivering a virtualized next-generation ground segment architecture,” said Ron Levin, President Commercial Division at Gilat. “This puts Gilat on an accelerated R&D development path and rapid evolution toward a 5G-NTN standard platform and introduction of new services.”
About Gilat
Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT) is a leading global provider of satellite-based broadband communications. With over 35 years of experience, we develop and deliver deep technology solutions for satellite, ground, and new space connectivity, offering next-generation solutions and services for critical connectivity across commercial and defense applications. We believe in the right of all people to be connected and are united in our resolution to provide communication solutions to all reaches of the world.
Together with our wholly owned subsidiaries—Gilat Wavestream, Gilat DataPath, and Gilat Stellar Blu—we offer integrated, high-value solutions supporting multi-orbit constellations, Very High Throughput Satellites (VHTS), and Software-Defined Satellites (SDS) via our Commercial and Defense Divisions. Our comprehensive portfolio is comprised of a cloud-based platform and modems; high-performance satellite terminals; advanced Satellite On-the-Move (SOTM) antennas and ESAs; highly efficient, high-power Solid State Power Amplifiers (SSPA) and Block Upconverters (BUC) and includes integrated ground systems for commercial and defense markets, field services, network management software, and cybersecurity services.
Gilat’s products and tailored solutions support multiple applications including government and defense, IFC and mobility, broadband access, cellular backhaul, enterprise, aerospace, broadcast, and critical infrastructure clients all while meeting the most stringent service level requirements. For more information, please visit: http://www.gilat.com
Certain statements made herein that are not historical are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. The words “estimate”, “project”, “intend”, “expect”, “believe” and similar expressions are intended to identify forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties. Many factors could cause the actual results, performance or achievements of Gilat to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements, including, among others, changes in general economic and business conditions, inability to maintain market acceptance to Gilat’s products, inability to timely develop and introduce new technologies, products and applications, rapid changes in the market for Gilat’s products, loss of market share and pressure on prices resulting from competition, introduction of competing products by other companies, inability to manage growth and expansion, loss of key OEM partners, inability to attract and retain qualified personnel, inability to protect the Company’s proprietary technology and risks associated with Gilat’s international operations and its location in Israel, including those related to the hostilities between Israel and Hamas. For additional information regarding these and other risks and uncertainties associated with Gilat’s business, reference is made to Gilat’s reports filed from time to time with the Securities and Exchange Commission. We undertake no obligation to update or revise any forward-looking statements for any reason.
Contact:
Gilat Satellite Networks
Hagay Katz, Chief Product and Marketing Officer hagayk@gilat.com
The significance of Malaysian government bond market – resilience against global backdrop
It has been a challenging first half of the year, as global markets weather multiple episodes of volatility. Risks of higher inflation and slower growth remain major concerns amid trade policy uncertainty. Despite slower global growth and policy easing in some economies, bond yields have not declined in tandem, as investors demand higher term premia to compensate for the heightened risk environment.
Being a small and open market economy, Malaysia is not shielded from this global development. But I am glad to say that the country has been managing this volatility from a position of strength. Domestically, Malaysia’s bond market reached RM2.2 trillion in market size this year. Government bonds which make up nearly 60% of the market continues to grow at a stable pace, reaching about RM1.3 trillion of outstanding issuance as of May 2025. Malaysian government bond yields have been largely stable throughout the year, anchored by resilient domestic demand as well as higher foreign inflows. Domestic demand for government bonds remains robust, driven by both institutional investors and banking institutions.
This is reflected in the primary bond market, where government bond issuances consistently record robust demand. The secondary market is also seeing healthy two-way flows, with higher daily trading volume, amid effective intermediation by market participants and market-making by Principal Dealers. Positive foreign inflows reflect foreign investors’ confidence in the local market which is seen as a stable investment destination in the region. Year-to-date, non-resident holding of our government bonds has increased to around 22% in May 2025 with a significant portion comprising stable and long-term foreign investors.
I would like to attribute this positive development to years of effort by the MOF, BNM and financial market participants, to broaden and deepen the domestic ringgit securities market. Over the years, BNM has undertaken proactive efforts to improve bond market liquidity. This includes to promote an interbank securities-driven repo market and to facilitate bond switching operations for the Government. In addition, the dynamic hedging programme, which debuted in 2016, serves to encourage foreign investor participation in the domestic bond market, by providing market access for institutional investors who wish to actively manage FX exposures of their ringgit assets. We have come a long way in this. It is worth recalling that one of the lessons of the Asian Financial Crisis was the lack of or an underdeveloped government bond market that had exacerbated the crisis. The absence of the domestic risk-free investment avenue led to portfolio investors exiting the domestic currency when volatility and uncertainty were high. Today, I am glad to say that we are no longer in such a position.
Lesson to be learnt from recent global experience
While market development is a crucial element, ultimately, investor confidence and market stability rest upon healthy sovereign credit ratings. Recently, global bond markets have had to weather considerable turbulence as investors grappled with growing fiscal challenges and sovereign ratings downgrade in advanced economies. This situation underscores the importance of responsible governance and prudent fiscal management. It is paramount that we find a balance between providing support and demonstrating fiscal discipline in striving for sustainable economic growth. As such, policymakers must learn from these experiences and prioritise sustainable public finances and pursue structural reforms to safeguard trust and credibility.
For instance, it is important to maintain sound fiscal policy by optimising public spending and generating healthy revenue streams to keep fiscal deficits at a sustainable level. In this regard, the Malaysian Government is committed to fiscal consolidation efforts as reflected in various measures such as tax and subsidy reforms. The enactment of the Fiscal Responsibility Act is also crucial to strengthening governance and institutions in the long term.
In ASEAN, Malaysia alongside our regional peers are working closely to support prudent sovereign debt management by fostering regional cooperation, sustainable infrastructure financing, and resilient financial markets. For example, efforts are being made to facilitate regional economic and debt market integration under the ASEAN Economic Community (AEC) framework. Under the ASEAN Bond Market Initiative, ASEAN member states strive to promote the development of local currency bond markets, channelling regional savings into long-term investments in the region. Meanwhile, the ASEAN+3 Macroeconomic Research Office (AMRO) also plays a crucial role in monitoring ASEAN members’ debt risks and providing policy recommendations. As the ASEAN Chairman this year, Malaysia looks forward to further advancing ASEAN’s aspirations to deepen regional financial integration and advancing a more connected, sustainable, and inclusive ASEAN financial ecosystem.
Opportunities and challenges
Ladies and gentlemen,
The road ahead is marked with challenges, particularly for a small open economy like Malaysia. Exogenous factors such as rising global interest rates may influence the Government’s borrowing costs. This may make debt refinancing relatively costly and could lead to higher debt servicing costs that could impact fiscal sustainability.
It is therefore crucial to maintain a liquid and resilient sovereign bond market, not only to safeguard investor confidence and facilitate efficient public financing, but to also ensure financial stability, which is a core objective shared by both debt managers and central banks alike.
On this note, I would like to highlight the rising role played by alternative instruments such as sukuk in developing a market with both diverse instruments, and a diverse investor base. There is a huge growth opportunity to tap the large and previously underserved base of investors who abide by Islamic finance principles. Malaysia boasts an active sukuk market with 50% of new government bonds being issued in the Islamic structure. As of May 2025, the outstanding government sukuk papers stood at around RM600 billion or 48% of total government bonds. As such, we are happy to work together with interested parties to share our expertise and knowledge and promote further development in this growing sector.
In closing, let me take the opportunity to thank our esteemed moderators, panellists and participants for sharing their insights and expertise over these past two days. I trust that they have led to productive discussions and contributed towards a more efficient and sustainable sovereign debt management practices. I’m sure all of us have useful insights and key takeaways to bring back to our respective countries and organisations.
Congratulations to the organising committee comprising the IMF, the Ministry of Finance, and BNM for organising this successful event. To Miguel and the team at the IMF, on behalf of the organisers, allow me to express our deepest gratitude. We look forward to working again with the IMF to organise forums and exchanges like this one.
Welcome to the sunny, spring-time Helsinki. On behalf of the Bank of Finland and the Centre for Economic Policy Research, it is my great pleasure to open this year’s research conference on monetary economics – which again has an excellent and a most fascinating programme!
Let me begin with a mission statement – and a confession. Our slogan at the Bank of Finland is: “Securing stability – in science we trust.” That is, we lean on evidence- and theory-based economic analysis and policy-relevant research to support our stability mission.
However, I must make a confession. In this turbulent world, it is comforting to return to a familiar setting and reflect on policy challenges alongside leading economists. Although only eight months have passed since our last gathering, it feels like the global landscape has shifted dramatically.
And the confession is this, in front of you as researchers, scholars, scientists, leading economists; in these times of pervasive uncertainty, we need plenty of judgment and scenario analysis to supplement our economic and econometric research and regression equations, thus making monetary policy, by necessity, is as much an art as a science. Such is life in these strange times – but finally, at least, it dis make me understand why the Governor at Bank of Finland is,ex officio, also the chair of the arts committee of the Bank!
Talking about geopolitics and its effects, just look at the ECB’s evolving language. Uncertainty went from “increased” to “high,” then “pervasive,” and now, per President Lagarde, “exceptional.” This isn’t linguistic inflation. It reflects how genuinely hard forecasting has become, with markets pricing in risk at levels not seen in years.
Risks abound: from trade wars to faltering global alliances. For central bankers and researchers alike, this is no time for complacency. Instead of dissecting every new risk, today I want to focus on three key areas:
Lessons from the recent inflation surge;
Open questions around fiscal policy, particularly defence spending;
And finally, the role of productivity and innovation.
Low inflation – past and future
Let’s nevertheless recall there are some good news. The European economy is recovering. Unemployment is at 6.1%, the lowest since the euro’s creation. Inflation has been hovering just above 2% since late 2023, allowing the ECB to cut rates seven times.
The energy shock that hit Europe in spring 2022 has played out very differently than in the 1970s, with the economic cost being much lower this time. Thanks to increased labour supply and lower working hours, wage-price spirals were avoided. Today’s labour market is more flexible, less unionised, and better educated.
Importantly, inflation expectations were much better anchored before the recent inflation surge. This underlies the importance of central bank independence and a strong commitment to the inflation target. The ECB has focused firmly on maintaining these, and will continue to do so.
Before Covid, the main challenge was that inflation remained stubbornly below the target. Most risks to the inflation outlook were deflationary, including population ageing and the related increase in savings, and the low investment demand. And before the ECB’s 2021 review and move to a symmetric 2% target over the medium term, which has worked well, the inflation target was perceived as a ceiling, creating a downward bias.
From around 2021, inflationary pressures reappeared. First this was due to the pandemic-broken supply chains and stimulus-fuelled demand, then due to the energy shocks arising from Russia’s invasion of Ukraine.
We learned how demand and supply shocks can be deeply intertwined. But we still face many unknowns in that regard. Current geopolitical tensions may expose us to new surprises that we have little historical experience of. Preferably, the spectre of a prolonged trade war with the US will dissipate sooner rather than later, as an economic conflict between long-standing friends and allies is the last thing we need in a world challenged by dictatorial impulses and by a neocolonial mentality.
Furthermore, what if China shifts exports away from the US to Europe, slashing prices to compete? That could bring deflationary forces and industrial strain to the EU. Would it benefit consumers or hurt our economy overall? The policy response would not be straightforward.
Let’s hope we don’t have to answer these questions through crisis. Whatever the challenge, the ECB will remain focused on price stability and its symmetric 2% inflation target over the medium term.
Defence spending – new pressures
Since the pandemic, fiscal spending pressures have risen. Now, security concerns are adding fuel. Russia’s aggression and doubts about US defence commitments are prompting big spending shifts across Europe. Germany is paving the way and has eased its constitutional debt limits.
We can assume that with normal execution lags the most substantial fiscal impact will start to be felt from next year 2026 and 2027 onwards. This implies that the fiscal impact on the growth and inflation outlook will take effect in the medium term, as an ordinary citizen perceives is, although this timespan of fiscal impulse will mostly be beyond the projection horizon of medium term as understood in monetary policy. Our assessment indicate a moderately significant impact on growth and limited impact on inflation in the relevant timespan.
Waking up and substantially increasing defence spending is welcome. Security is the bedrock of economic stability. Peace and security within European borders are fundamental to the European project and its economy. Defence should be seen as a European public good. Further support for Ukraine should also be seen in the same light.
But what does this mean for inflation? Historical comparisons to war-time money printing don’t apply here. Independent central banks like the ECB remain focused on keeping inflation expectations anchored.
Still, we need to understand what type of shock defence spending represents. Is it demand or supply driven? Likely both, depending on how and where the money is spent.
We also face the question ofhowto pay for it. EU-level spending would offer more stability and efficiency. That might mean higher membership fees, new revenue sources, or even treaty changes. Defence bonds – as safe assets – are one option, but only if backed by solid future income.
Meanwhile, demands on public budgets are rising across the board: infrastructure, climate policy, aging populations.
What guidance do we have so far from economics research?
There is a large body of literature on fiscal multipliers, which incidentally often uses defence spending as a natural experiment or exogenous shock. These multipliers are frequently estimated to be below one, because public spending or investment usually crowds out private one.
However, evidence suggests that multipliers tend to be larger in times of recession and economic slack. Moreover, some of the best evidence on the magnitude of fiscal multipliers is based on US data, where the multiplier may be smaller. This is simply because the US defence industry is very large compared to its European counterpart and is thus more likely to face diminishing marginal returns.
All these issues mean that for European defence spending to be successful and sustainable, we must make every euro count. The additional defence spending should focus on investment in building up industrial network capacity and R&D, rather than simply procurement of defence equipment, which may be largely imported.
Then there is also the aspect of defence efficiency. For this, we need sound planning and coordination at the European level, as well as a common market for defence, as stressed in last year’s Letta Report. Recent experience has shown that training in the use of unfamiliar weapons and problems with shortages of spare parts can become critical bottlenecks. Therefore, further harmonisation of technical standards and types of arms and equipment across European defence forces is key.
With a history of independent and diminished national defence industries, the EU has some considerable catching up to do. We need to increase both national and EU-level defence spending, e.g. as Bruegel has suggested, by establishing a European Defence Mechanism formed by a coalition of the capable and willing. Such a fund would bypass the limitations to raising EU-level income, be resilient to any intra-EU obstruction and could also accommodate countries from outside the European Union, like the United Kingdom and Norway.
In short: defence spending won’t necessarily be inflationary. But to be effective, it must be efficient. We need smart investments – in industrial capacity, innovation, and R&D – not just procurement. And we must avoid fragmented efforts. A European Defence Mechanism, built by a coalition of the capable and willing, could also help to pursue these goals.
Innovation – defence and civilian
Let’s now turn to innovation. Defence spending often yields big returns beyond the battlefield. Its effectiveness should be assessed from a long-term perspective, not only via short-run multipliers. Historically, it has given rise to technological breakthroughs that have not only found direct civilian applications but created whole new non-defence industries.
Walkie-talkies were created during the Second World War at Motorola for infantry and artillery communication. Radar gave us microwave ovens. Military satellites gave us GPS and digital imaging. Jet engines, nuclear energy, the internet – all have military origins. Dual-use in action.
Yes, these are cherry-picked examples. But they highlight that basic research often needs public support. The private sector tends to shy away from “unknown unknowns.”
Modern defence is about technology, not just steel and troops. And there’s often more pressure to innovate efficiently. Look at Ukraine – it has rapidly developed drone tech, despite scarce resources.
We know that Europe needs a productivity boost. For years, we depended on cheap energy from Russia, cheap goods from China and the security shield from the U.S. abroad. That stability was a mirage, if not a hallucination.
To maintain our living standards and sovereignty, we must double down on innovation by investing on human capital and creating a conducive environment for research and researchers. Whether it’s AI, clean tech, green transition or digitalisation, we can’t afford to lag behind. Innovation is not optional; it’s vital for Europe’s future – a necessary condition for sustaining Europe’s quality of life and democratic values.
Why not use the EU Horizon programme to create a scholarship and visa programme for returning and moving scientists to attract talent to Europe, where critical thinking and academic freedom in universities are encouraged and safeguarded?
Dear friends,
Let me conclude. Europe finds itself in a puzzling paradox, which would be funny if it were not purely pathetic. As Polish PM Donald Tusk put it starkly recently by quipping as follows: “500 million Europeans are asking 300 million Americans to protect them from 140 million Russians.”
We need to put an end to that paradox. Europe must take responsibility for its own external security, in today’s harsh geopolitical world.
This isn’t just about military strength. It’s about cohesion, economic resilience and long-term growth. We need to spark Europe’s industrial renewal, reinforce technological leadership, and enhance productivity.
As history shows, Europe tends to move forward in times of crisis. In every crisis there is an opportunity – this time round we must use it particularly wisely to make Europe more resilient and capable of thriving again.
Germany’s Annalena Baerbock was today (2 Jun) elected President of the General Assembly at its 80th session by secret ballot.
In accordance with the established regional rotation, the President of the eightieth session of the General Assembly is to be elected from the Western European and Other States Group.
Baerbock obtained 167 votes.
The President of the seventy-ninth session of the General Assembly, Philemon Yang said, “it is fitting that in this milestone 80th year of the General Assembly, leadership should fall to someone whose career has been defined by an unwavering commitment to multilateralism.”
Baerbock, Yang said, was the Federal Minister for Foreign Affairs of Germany “during one of the most turbulent periods in recent memory.” He said, “her experience at the helm of diplomacy amidst global uncertainty will serve this Assembly well.”
The President Elect, on her first address to the Assembly, said, “today we live in challenging times. We are walking on a tightrope of uncertainty. But the birth of the United Nations, 80 years ago, reminds us we have lived through difficult times before, and it’s up to us to take on these challenges.”
Baerbock said, “while we need to be bold, ambitious, and ready to take difficult decisions, the UN80 initiative should not be a mere cost cutting exercise. Our common goal is a strong, focused, nimble and fit for purpose organization, one that is capable of realizing its core objectives. We need a United Nations that delivers on peace, development and justice.”
Secretary-General António Guterres for his part said, “this is a moment for us to unite, to forge common solutions and to take action to confront these challenges. President elect Baerbock ‘s vision, Better Together, is an inspiring rallying cry for today’s world and the global problem-solving system embodied by the United Nations to address these challenges.”
Following the election, Baerbock spoke at a media stakeout outside the General Assembly Hall and said, “as only the fifth woman in this position within 80 years, I’m aware that peace and development can only be sustained when half of the population – which is in every country, women – have an equal seat at the table.”
She said, “peace and security is not an isolated pillar of the United Nations, but peace and security, development and human rights are interconnected, and we know from the last 80 years that sustainable peace is depending on sustainable development.”
In May, the Assembly had convened an informal interactive dialogue with candidates to present their vision statements, and to conduct informal interactive dialogues with Member States, thus contributing to the transparency and inclusivity of the process.
YEMEN
This June we mark a grim milestone. It’s been one year since the arbitrary detention of dozens of personnel from the United Nations, national and international NGOs, civil society organizations, and diplomatic missions, these detentions by the Houthi de facto authorities in Yemen. The Secretary-General renews his call for their immediate and unconditional release, including those held since 2021 and 2023, and most recently, detentions in January.
He also reiterates his strongest condemnation of the death in detention of a World Food Programme colleague that took place earlier this year. The Houthi de facto authorities have yet to provide an explanation for this deplorable tragedy, and he renews his call for an immediate, transparent and thorough investigation and accountability. Mr. Guterres says he stands in solidarity with all detained colleagues in Yemen and their families and pays tribute to their essential work and their families’ perseverance.
We and our humanitarian partners should never be targeted, never be arrested and never be detained while carrying out our mandates for the benefit of the people we serve. The continued arbitrary detention of our colleagues is a profound injustice against those who dedicate their lives to providing life-saving assistance and support to the people of Yemen. It has placed additional constraints on our ability to operate effectively and undermined mediation processes to secure a path toward peace.
The Secretary-General urges the Houthis, yet again, to immediately release all those arbitrarily detained. Particularly on the occasion of Eid Al-Adha, this is a time to show compassion. It is a time to end the ordeal of families who face celebrating yet another holiday without their loved ones. To our detained colleagues, the Secretary-General wants them to know that they are not forgotten.
We will continue to work through all possible channels to secure their safe and immediate release, and he calls upon Member States to continue expressing their solidarity with those detained and intensify advocacy for their release.
Finally, we welcome the collective support of international partners, NGOs and all those working to support the people of Yemen in these efforts.
SECRETARY-GENERAL/ GENERAL ASSEMBLY
This morning, the Secretary-General spoke at the General Assembly, where he congratulated Annalena Baerbock of Germany on her election as the President of the General Assembly for the 80th Session.
He said that President-elect Baerbock’s vision, “Better Together”, is an inspiring rallying cry for today’s world and the global problem-solving system embodied by the United Nations to address the challenges we face.
He told President-elect Baerbock that she can count on his full support as she takes on this important responsibility.
The Secretary-General also thanked the current President of the General Assembly, Philemon Yang, for his leadership during the 79th session – which still has some ways to go.
As we look ahead to the end of the 79th session, and prepare for the start of the 80th, the Secretary-General said, let us strive to live up to the values of solidarity and collaboration that have defined this organization from its very start.
DEPUTY SECRETARY-GENERAL
The Deputy Secretary-General, Amina Mohammed, is currently in Marrakech, in Morocco, where she is attending the 2025 Ibrahim Governance Weekend, which is as you may know a high-level gathering of African political and business leaders, civil society, multilateral organizations, and international partners focused on financing for Africa’s development.
While in Marrakech, the Deputy Secretary-General is also meeting with senior Moroccan government officials and key stakeholders to discuss Africa’s development priorities, the acceleration of the Sustainable Development Goals (SDGs), challenges to Middle Income Countries, and the implementation of the Pact for the Future.
Tomorrow, she will travel to Geneva to participate in the 8th Session of the Global Platform for Disaster Risk Reduction (GP2025).
It is the main global forum for reviewing progress and sharing good practices in reducing disaster risk and building resilience.
Full highlights: https://www.un.org/sg/en/content/noon-briefing-highlight?date%5Bvalue%5D%5Bdate%5D=02%20June%202025
The election of the President of the UN General Assembly took place today with Member States voting by secret ballot. Annalena Baerbock, former Foreign Minister of Germany, was elected to lead the 80th session of the General Assembly, beginning in September. She succeeds Philemon Yang, who served as President of the 79th session.
Question for written answer E-002016/2025 to the Commission Rule 144 René Aust (ESN)
For years, under the pretext of ‘strategic communication’, the Commission has been running a systematic PR offensive to create a ‘European identity’. This is financing a one-sided view of political integration processes that is specifically undermining pluralistic opinion-forming.
1.Which Commission directorates-general or subsections are currently in charge of strategic communication to promote a ‘European identity’?
2.What specific projects or campaigns were conducted in this connection between 2020 and 2024?
3.What was the annual budget available for each of the measures concerned?
The EU’s Eastern Partnership policy, initiated in 2009, covers six post-Soviet states: Armenia, Azerbaijan, Belarus, Georgia, Moldova and Ukraine. It was created to support political, social and economic reform efforts in these countries with the aim of increasing democratisation and good governance, energy security, environmental protection, and economic and social development. All the participating countries (except Belarus whose membership is suspended) send delegations to the Euronest Parliamentary Assembly.
The origins of the European Parliament lie in the Common Assembly of the European Coal and Steel Community (ECSC), which became the common assembly of the three supranational European communities that existed at the time. The assembly subsequently acquired the name ‘European Parliament’. Over time, the institution, whose members have been directly elected since 1979, has undergone profound changes: evolving from an assembly with appointed members to an elected parliament that is recognised as a political agenda-setter of the European Union.
Source: United Kingdom – Executive Government & Departments
News story
DASA launches Phase 2 (Cycle 5) of fast paced Themed Competition
DASA launches Phase 2 (Cycle 5) of Innovation in Support of Operations – we’re seeking fast paced scalable proposals across five challenge areas
DASA has launched Phase 2 (Cycle 5) of Innovation in Support of Operations
Funded by the Ministry of Defence
Cycle 5 closes on 5 August 2025 at 12:00 Midday (BST)
The Defence and Security Accelerator (DASA) is pleased to launch Phase 2 (Cycle 5) of our fast paced Themed Competition Innovation in Support of Operations. Run on behalf of the Ministry of Defence, this competition is looking for innovative proposals that are cost competitive, designed for manufacture, and can be scaled in an approximate twelve-month timeframe.
Competition key information
Phase Two – expected to consist of three cycles:
Cycle 4
Cycle 5
Cycle 6
Competition Launch
Closed
3 June
19 August
Open For
7 Weeks
9 Weeks
8 Weeks
Comp Closes
20 May 12:00
5 August 12:00
14 October 12:00
All above time BST
Background: Why we need innovation in this area
The UK Government continuously evaluates insights from global events, to rapidly implement solutions that strengthen military and economic advantage.
This competition aims to identify and accelerate innovative solutions and techniques, ensuring they can be scaled and deployed faster than our adversaries.
If you think you have an innovation that could be deployed at pace, please read the full Competition Document and submit a proposal
Competition challenges
This competition has five challenge areas:
1. UAS Propulsion
In this challenge area we are looking for:
Novel means of propulsion for small to medium UAS.
Novel means of manufacture/design of traditional UAS engines for small to medium UAS to increase scale of manufacture at a market leading price.
We are not looking for the UAS platforms themselves, but you will need to demonstrate your solution on a representative platform or in another appropriate form of demonstration.
2. 155mm Artillery Barrel Repair/Recondition
We are looking for innovative solutions to repair or recondition 155mm artillery barrels in order to extend barrel life under these conditions.
3. Autonomous navigation systems
In this challenge we are seeking autonomous navigation systems for air vehicles and/or maritime surface vessels.
4. Seekers
We are looking for novel systems directed against:
RF transmitters at frequencies ranging from 200 MHz to 40 GHz
Class I(d), Class II and Class III UAS
Medium to large maritime surface targets.
5.UAS defeat
This challenge relates to the ability to:
Detect UAS. We are seeking solutions to detect (and potentially defeat) UAS, including those that are not reliant on RF links.
Destroy UAS. We are looking for novel solutions to destroy UAVs around the Class 1(d) size, once detected.
Proposals could address either Detect or Destroy or both.
These challenges are designed to identify innovations that could be deployed, at an appropriate scale, in operational areas within 12 months.
For full details of the competition Challenge Areas, please read the Competition Document
Technology Readiness Levels (TRL)
For this competition we are seeking technology output and demonstration to reach at least technology readiness level (TRL) 6 by the end of the project.
If you think your innovation could meet one of the Challenges, why not read the full Competition Document and submit a proposal?
Scotland belongs to us all. Our land must benefit everyone.
More in Land Reform
Scotland’s communities desperately need more powers to hold wealthy landowners to account, says Scottish Greens MSP Ariane Burgess.
Ahead of the next stage of scrutiny of the Land Reform Bill, the Greens have set out their plans to hold Scotland’s land owners to account. Proposals lodged would force landowners to listen and respond to community concerns, impose robust Land Management Plans, and set out clear plans for nature recovery.
Green amendments would also stop landowners who repeatedly break these rules from receiving hefty public subsidies. Additional proposals lodged would quadruple the number of landholdings subject to the new rules and regulations in the Bill.
“This Land Reform Bill has the potential to be a huge step forward for rural communities in addressing the historic wrongs that continue to block fairer distribution of Scotland’s land today. But so far, the Bill falls short.
“Vast swathes of Scotland are owned by a very small number of extremely wealthy people. Scotland’s communities desperately need more powers to hold these landowners to account and challenge this unfairness.
“Our proposals would ensure that more landowners than ever before would have responsibilities to use their land in ways that benefit our communities, our nature and environment. Landowners that repeatedly break the rules will be fined and barred from receiving hefty government handouts.
“For too long, poorly regulated land ownership in Scotland has left communities disempowered, nature depleted, and too much of our beautiful landscape is at risk of harm from negligent land owners.
“Scotland belongs to all of us – it is in everyone’s interest to ensure that our land is used for the benefit of all.
“The Scottish Greens will fight against powerful vested interests, and for a Land Reform Bill which delivers for communities and nature.”
“On June 2, the mos.ru portal added automatic online checks of real estate objects in the information systems of Rosreestr, the State Inspectorate for Real Estate and the state information system for supporting urban development activities when submitting an application for the issuance of urban development plans. With their help, it will be possible to check the presence of capital and unauthorized construction objects on a land plot, the absence of a duly approved territorial planning project and changes made to the land use and development rules for the purpose of implementing the integrated territorial development program. This will reduce the number of refusals to issue GPZU by informing the applicant when filling out the electronic application. Previously, such information could only be obtained based on the results of the application review within 14 working days,” said Vladimir Efimov.
GPZU is an urban planning document that specifies the types of permitted use, technical and economic indicators of construction and restrictions on the use of a land plot.
“The said revision will simplify the procedure for submitting an application on mos.ru and reduce the number of refusals to provide government services. In addition, the possibility of accepting applications from individuals who are authorized representatives of applicants – individuals has been implemented,” she added. Juliana Knyazhevskaya, Chairman of the capital’s Committee for Architecture and Urban Development.
As reported by the capital Department of Information Technology, the updated service is already posted onmos.ru portalTo use it, you need to go to the section “Construction, reconstruction and repair” in the catalog of services for business, go to the subsection “Construction” and click “Urban development plan of the land plot”.
The creation, development and operation of the e-government infrastructure, including the provision of mass socially significant services, as well as other services in electronic form, correspond 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”.
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.
Please Note; This Information is Raw Content Directly from the Information Source. It is access to What the Source Is Stating and Does Not Reflect
In a historic moment ahead of World Environment Day, Greenpeace Africa, civil society groups, interfaith leaders, youth movements, and the Maasai community from Kajiado County have joined forces to urge the government of Kenya to support the Fossil Fuel Non-Proliferation Treaty — a bold, justice-centered global mechanism aimed at phasing out fossil fuels and accelerating a fair, financed transition to renewable energy.
At a press conference held today in Nairobi, stakeholders rallied behind the call for Kenya to join the bloc of 16 nations currently participating in discussions for the Treaty. The event follows the release of a joint press statement which highlights growing multi sectoral support within Kenya for a global commitment to phase out coal, oil and gas.
“Our African nations are bearing the brunt of a climate crisis they didn’t cause,” said Fred Njehu, Pan African Political Strategist at Greenpeace Africa. “Kenya has already shown climate leadership through its renewable energy goals — now is the time to go further. We need global mechanisms like the Fossil Fuel Treaty that support African nations with the finance, technology, and justice they deserve.”
In a landmark move, the Maasai community of Kajiado became the first Indigenous Peoples outside of Latin America to publicly back the Fossil Fuel Treaty, joining 11 Amazonian Indigenous nations. Their support underscores the growing momentum for a legally binding mechanism to end fossil fuel expansion and deliver a just energy transition.
“As the Maasai community, we have lived in harmony with nature for generations,” said Moses Ole Kipaliash, Maasai community leader and environmentalist. “But now, the rains are unpredictable, the land is drying up, and our livestock are perishing. We support the call for a Fossil Fuel Treaty because we want to protect our land and our future from further damage.”
The proposal for a Fossil Fuel Non-Proliferation Treaty is built on three pillars:
End new fossil fuel expansion everywhere,
Phase out existing fossil fuel production in a fair and equitable manner,
Enable a just transition that is financed and prioritizes vulnerable communities.
Support for the Treaty is growing globally, with 16 nation states, over 130 cities and local governments, including Lilongwe, Freetown, Dar es Salaam, and Lusaka, backing the initiative. It is also endorsed by over 600 parliamentarians, 4,000 organizations, including the World Health Organization, the European Parliament, and trade unions representing over 30 million workers.
“With its track record of climate leadership and a bold target of 100% renewable energy, Kenya is uniquely positioned to lead the continent,” said Prince Papa, Africa Campaigner for the Fossil Fuel Non-Proliferation Treaty Initiative. “Backing the Treaty would align with Kenya’s national ambitions, help unlock international finance and technology, and ensure Africa’s needs are prioritized in shaping this global solution.”
As the global movement builds momentum, Greenpeace Africa and its partners call on the Kenyan government to:
Publicly support and engage in Fossil Fuel Treaty discussions;
Halt new fossil fuel licenses and expansion projects;
Develop a national just transition plan with clear timelines, community protections, and investment in clean energy.
“This is not just about emissions; it’s about equity,” concluded Njehu. “We have a responsibility to ensure a liveable future, not just for Kenya, but for the whole world. The Fossil Fuel Treaty offers us a seat at the table to do exactly that.”
In a major step to support Agniveers after their short-term military service, the Uttar Pradesh government has approved a 20 percent reservation for them in recruitment for various posts in the state police force and the Provincial Armed Constabulary (PAC).
The decision was taken during a cabinet meeting chaired by Chief Minister Yogi Adityanath on Tuesday.
According to the official statement, the reservation will apply to recruitment in categories such as constable (civil police), constable PAC, mounted police, and fireman. The move is aimed at providing employment opportunities to Agniveers who will complete their four-year tenure under the Agnipath scheme.
The Agnipath scheme, launched by the Centre in June 2022, allows youth to serve in the armed forces for a period of four years. While 25 percent of Agniveers are to be absorbed into regular military service, the remaining 75 percent are released from duty after their term. The first batch of Agniveers is expected to complete its term in 2026.
To further aid their transition into civilian life, the UP government has also decided to grant age relaxation of up to three years for Agniveers applying for these police and PAC posts.
According to reports, the Uttar Pradesh Police is expected to announce recruitment for nearly 28,000 posts soon, including positions such as sub-inspector, jail warden, computer operator, and more. With this new provision, Agniveers will be eligible to apply for a substantial number of these positions.
Uttar Pradesh joins Haryana in offering post-service support to Agniveers. Earlier, the Haryana government also approved 20 percent reservation for Agniveers in several government jobs.
The move is being seen as a crucial step in providing job security to youth who have served in the armed forces under the new military recruitment framework, while also strengthening the manpower in state police departments.
As Samsung Solve for Tomorrow Season 4 sweeps across the nation, its message is clear – innovation is not confined to metro cities; it belongs to every young dreamer with a problem to solve. After energizing campuses in the North, South, and North-East, the programme has now reached the states of Bihar and Jharkhand, drawing hundreds of students into the fold of purposeful innovation.
At the heart of this new chapter were three prestigious institutions in Ranchi Gossner College, St. Xavier’s College, and Marwari College where design thinking open houses transformed classrooms into idea labs. Meanwhile, students from IIT Patna joined virtually, proving that geography is no barrier when it comes to shaping India’s future.
For Suraj, a student from Marwari College, the workshop was an eye-opener. “It was the first time I saw how structured thinking could turn the problems around me into actual projects. I’ve always been aware of local issues — lack of sanitation, waste management — but now I feel equipped to do something about them,” he said, his notebook filled with early sketches of a waste-segregation solution designed for small towns.
At Gossner College, the energy was electric as students engaged in empathy mapping and rapid prototyping. Neha, who is pursuing her graduation, couldn’t stop smiling as she shared her idea to build a low-cost, solar-powered attendance system for rural schools. “This workshop showed me how ideas can grow when you collaborate and think beyond the obvious,” she said. “It gave me the courage to believe my solution can work — not just in Ranchi but in every village with a chalkboard.”
Samsung Solve for Tomorrow is a nationwide contest designed to inspire students to create innovative solutions to address some of society’s most pressing challenges by leveraging technology.
Samsung ‘Solve for Tomorrow 2025’ will provide INR 1 crore to the top four winning teams to support the incubation of their projects, along with hands-on prototyping, investor connects, and expert mentorship from Samsung leaders and IIT Delhi faculty.
Prashant, who joined the online session from IIT Patna, was deeply moved by the larger purpose behind Solve for Tomorrow. “It’s not just about tech or startups. It’s about building the India we want to live in. I want to create a platform that helps farmers access real-time data about soil health and crop cycles — something my own family has struggled with,” he shared.
In every city Solve for Tomorrow has touched, it has brought with it not just tools and techniques, but also belief. In St. Xavier’s College, Adnan, a computer science undergraduate, found his mission. “There’s so much talk about AI and automation — but very little about using it for people at the margins. I’m working on a chatbot that can assist elderly people in accessing government healthcare schemes. This programme made me realise that innovation is not just a Silicon Valley word. It belongs to us too.”
A Movement for Nation Building
Since its launch on April 29, Solve for Tomorrow has rapidly grown from a competition to a nation-building movement. With students from metros, towns, and heartland cities like Ranchi and Patna now thinking critically, ideating boldly, and designing empathetically, the next generation of changemakers is rising — from every corner of the country.
Samsung Solve for Tomorrow is not just nurturing ideas — it’s nurturing a mindset. A belief that young Indians, no matter where they come from, have what it takes to solve for India and the world.
Source: United Kingdom – Executive Government & Departments
Press release
MHRA approves aumolertinib to treat non-small cell lung cancer
As with all products, we will keep its safety under close review
The Medicines and Healthcare products Regulatory Agency (MHRA) has today, 3 June 2025, approved aumolertinib (Aumseqa) for adult patients with non-small cell lung cancer (NSCLC).
Aumolertinib can be used in patients who have tested positive for a mutation in a gene called epidermal growth factor receptor (EGFR) and who have not yet received treatment for their cancer which has spread to other parts of the body (metastatic cancer). In certain circumstances it can be used even if the metastatic cancer has been treated before.
This medicine is administered in tablet form, to be taken orally.
Julian Beach, MHRA Interim Executive Director of Healthcare Quality and Access, said:
“Patient safety is our top priority, and I’m pleased to confirm that aumolertinib has met the MHRA’s standards for safety, quality and effectiveness.
“This approval offers a new treatment option for patients with advanced non-small cell lung cancer who have tested positive for EGFR mutations – a group for whom targeted therapies can be particularly important.
“As with all products, we will keep aumolertinib’s safety under close review.”
Aumolertinib works by blocking EGFR and may help to slow or stop the lung cancer from growing. It may also help reduce the size tumour.
In a Phase 3 clinical trial, aumolertinib was found to reduce the risk of disease progression or death by 54% in patients with advanced or metastatic NSCLC who had specific EGFR mutations, when compared to an already-approved cancer treatment called gefitinib.
Like all medicines, this medicine can cause side effects in some people. A full list of side effects can be found in the Patient Information Leaflet (PIL) or the Summary of Product Characteristics (SmPC), available on the MHRA website within 7 days of approval.
Anyone who suspects they are having a side effect from this medicine should talk to their doctor, pharmacist or nurse and report it directly to the MHRA Yellow Cardv scheme, either through the website (https://yellowcard.mhra.gov.uk/) or by searching the Google Play or Apple App stores for MHRA Yellow Card.
Notes to editors
The new marketing authorisation was granted on 3 June 2025 to SFL Pharmaceuticals Deutschland GmbH.
This product was submitted and approved via a national procedure.
More information can be found in the Summary of Product Characteristics and Patient Information leaflets which will be published on the MHRA Products website within 7 days of approval.
The Medicines and Healthcare products Regulatory Agency (MHRA) is responsible for regulating all medicines and medical devices in the UK by ensuring they work and are acceptably safe. All our work is underpinned by robust and fact-based judgements to ensure that the benefits justify any risks.
The MHRA is an executive agency of the Department of Health and Social Care.
For media enquiries, please contact the newscentre@mhra.gov.uk, or call on 020 3080 7651.
Source: United Kingdom – Executive Government & Departments
Press release
SFO investigates alleged multi-million-pound council fraud
Serious Fraud Office announces investigation into Rockfire Investment Finance Plc
The Serious Fraud Office (SFO) has today issued a series of Section 2 notices compelling financial institutions to provide information on its newly opened investigation into alleged fraud committed against Thurrock Council.
Between 2016 and 2020, Thurrock Council invested millions into solar farms, via a bond scheme sold by the UK-based Rockfire Investment Finance Plc and other companies operating within the Rockfire Group.
Rockfire offered multiple investment opportunities in solar farm bonds, offering a return on investment between 3-6% as well as the return of the initial bond purchase cost. The group has since entered administration.
Thurrock Council was effectively declared bankrupt in December 2022 impacting local residents through council tax rises and cuts to services.
Director of the Serious Fraud Office, Nick Ephgrave QPM, said:
Today’s action is a significant step in our investigation concerning this suspected criminality.
We are grateful for the assistance of Essex Police, Thurrock Council and others in the early stages of this enquiry.
Union Minister of State for Defence, Sanjay Seth, on Tuesday announced a major expansion of the National Cadet Corps (NCC), with plans to add three lakh new cadets across the country.
The announcement came during the inauguration of a conference of Special Joint State Representatives and Additional/Deputy Directors General (JS R&A/D) of the NCC in Bhopal.
Speaking at the event, Seth emphasized the NCC’s role in nation-building and youth development. “The NCC instills a spirit of nationalism and service. Prime Minister Narendra Modi has resolved to raise the number of cadets to between 17 and 20 lakh. With support from all states, we will soon achieve this target,” he said.
According to a statement from the Ministry of Defence, several states have already expressed support for the initiative and have committed to fast-tracking the development of training infrastructure.
Seth also highlighted new initiatives such as the recruitment of ex-servicemen as instructors, noting that it creates employment opportunities for military veterans.
He lauded the NCC’s active participation in national missions such as the Swachh Bharat Abhiyan, Naya Savera scheme, and the Nasha Mukti Abhiyan. The minister also congratulated the NCC’s Mount Everest Expedition team, which successfully reached the summit on May 18, calling it “a powerful example of cadet courage and resilience.”
Underscoring the importance of centre-state cooperation, Seth urged state governments to fulfill their commitments in terms of manpower, infrastructure, and funding to ensure the success of the NCC expansion plan.
During the event, Director General of NCC, Lt Gen Gurbirpal Singh, outlined the organisation’s achievements and future plans. He stressed the need for robust training and camping infrastructure nationwide and emphasized efforts to boost youth participation and enhance cadet performance.
Finance Minister Nirmala Sitharaman on Tuesday asked the Directorate of Revenue Intelligence (DRI) to adopt a holistic and technology-driven approach to tackle smuggling and narcotics trade amid increasingly complex geopolitical environment and security threats.
In her address at the inaugural event of the DRI’s new headquarters, the Finance Minister said there was a need to go beyond surface-level enforcement and focus on uncovering deeper systemic threats.
“Investigate holistically, keeping the big picture in mind, leverage all available resources to uncover deeper systemic risks and threads by connecting the dots,” she said.
She emphasised that dismantling the entire smuggling syndicates must be the end-goal of any investigation, which must not stop at peripheral seizures.
“It’s no good if you catch the small fish. The bigger smuggling chain has to be tracked and acted upon. We must take down those nefarious chains,” she added.
Sitharaman identified narcotics as the most serious national threat and called for urgent coordination with state law enforcement agencies to prevent schools and colleges from being targeted by drug traffickers.
She also underlined the importance of internal collaboration: “Internal coordination, when well managed, makes outcomes better.”
The Finance Minister cited PM Modi’s ‘Reform, Perform and Transform’ mantra as the spirit with which the enforcement agencies should move forward.
She spelt out three guiding principles for the agency’s approach: the rules must be applied fairly, public confidence in the trade system must be maintained, and the enforcement must be intelligent and high-impact.
“Value- and trust-based compliance is important, not fear-induced compliance,” Sitharaman pointed out.
She highlighted the need for deeper and faster integration of modern technology into enforcement frameworks. “There’s a lot of talk around AI, but I now want to see concrete output using AI,” she said, pressing for data-driven, intelligence-led action. “More modern technology use needs to be deeply and well integrated into the system – data analytics and so on,” she added.
The tobacco epidemic is one of the biggest public health threats the world has ever faced, killing over 8 million people a year globally.
In February 2025, WHO marked the 20th anniversary of its Framework Convention on Tobacco Control (FCTC), providing a legal framework and comprehensive package of tobacco control measures. The WHO FCTC now has 182 Parties covering more than 90% of the world’s population.
In 2007, WHO introduced a practical, cost-effective initiative to scale up implementation to reduce tobacco use called MPOWER. Today, 5.6 billion people are covered by an MPOWER measure which includes: monitor tobacco use and prevention policies; protect people from tobacco use; offer help to quit tobacco use; warn about the dangers of tobacco; enforce bans on tobacco advertising, promotion and sponsorship; and raise taxes on tobacco.
MPOWER has helped to reduce global deaths from tobacco use and created a global partnership on tobacco control focused on supporting the highest burden countries in the world, with WHO recognized as a global leader.
Thanks to commitment and powerful action in countries, and with support from key donors, tobacco use is declining across all WHO regions. Here are some stories from across the WHO regions demonstrating the impact of WHO’s work in this area.
Tobacco free farms in Kenya and Zambia
Tobacco free farmer from Migori County, Kenya. Photo by: WHO
A record 349 million people are facing acute food insecurity globally. Food insecurity is further exasperated by tobacco production. Tobacco is grown in over 124 countries, taking up 3.2 million hectares of fertile land that could be used to grow food. Tobacco farmers often lack the confidence to shift away from tobacco due to market variability for alternative crops.
WHO, in collaboration with partners, launched the Tobacco-Free Farms initiative in 2021 in Kenya and 2023 in Zambia.
The initiative has supported over 8 600 farmers in Kenya and over 500 farmers in Zambia.
The initiative seeks to move smallholder farmers away from tobacco growth and into nutritious food crops, by creating an ecosystem which could improve household food security and income generation. It may simultaneously add value to farmers’ land through rehabilitation of climate smart and other good agricultural practices.
First ever WHO treaty marks 20 years of saving millions of lives worldwide
Since the entry into force of the WHO Framework Convention on Tobacco Control (WHO FCTC) and the MPOWER technical package that supports it, global tobacco use prevalence has dropped by one-third. The WHO FCTC has helped to save millions of lives through strengthened tobacco control measures around the world.
Up to 5.6 billion people are now covered by at least one tobacco control policy and studies have shown a decline in global smoking rates. 138 countries require large pictorial health warnings on cigarettes packages because of the Convention and dozens more countries have implemented plain packaging rules on cigarette packages. Both measures serve as powerful tools to reduce tobacco consumption and warn users about the dangers of tobacco use.
Over a quarter of the world’s population is now covered by smoke free policies which require bans in indoor and workspaces, saving millions of lives from the dangers of the second-hand smoke.
More than 66 countries have implemented bans on tobacco advertising, promotion and sponsorship which include bans on tobacco advertising in the media and sponsorship deals.
In 2022, WHO trained 157 law enforcement officers and 15 national trainers from five districts in Uganda to raise awareness and help enforce the smoking ban in public places. Photo by: WHO
In 2007, Uganda signed the WHO Framework Convention on Tobacco Control, a legally binding treaty that requires countries to implement evidence-based measures to reduce tobacco use and exposure to tobacco smoke. In 2015, the country passed its Tobacco Control Act, which regulates tobacco products and their use, including in public places.
These dual interventions have delivered notable results. Between 2014 to 2022, Uganda saw a 51% drop in the prevalence of tobacco use.
WHO played a key role in supporting the Ugandan government’s efforts, building the capacity of tobacco control focal people in government entities since 2015.
Legal measures drive down rates of tobacco use in Mauritania
“Quitting smoking is the best decision I’ve ever made for my health and I’m very proud of it,” says Ifrah. “Giving up smoking is difficult, but not impossible. With willpower and determination, it can be done.” Photo by: WHO
In 2018, Mauritania introduced legislation in line with WHO recommendations stipulating that all tobacco products on sale in Mauritania must carry a health warning covering at least 70% of the surface area of both sides of the packaging.
These legal steps to introduce graphic health warnings on tobacco packaging are changing the status quo. The 2021 Global Adult Tobacco Survey (GATS) shows that between 2012 and 2021, tobacco use in Mauritania has declined by 8%, from 18% to 10%. Nearly 25% of smokers in Mauritania first noticed health warnings on cigarette packages, while 14% of smokers thought about quitting because of warning labels.
With WHO support, Mauritania’s Health Ministry has provided tobacco control training to 15 regional governors. Mauritania is also implementing awareness campaigns around the dangers of tobacco consumption, a ban on smoking in public places, and the introduction of tobacco taxes.
Pan American Health Organization hosts regional workshop to implement effective tobacco tax policies
Tobacco use remains one of the leading causes of preventable death in Latin America, contributing to high rates of non-communicable diseases. Despite clear evidence that tobacco taxation is one of the most effective public health interventions to reduce consumption, its use is still limited in many Latin American countries.
PAHO/WHO, with partners brought together policymakers from 15 countries to participate in the 3-day workshop, “Advancing Tobacco Taxes in Latin America”.
The meeting focused on addressing the ongoing public health and economic challenges posed by tobacco consumption in Latin American countries, emphasizing the potential of tobacco taxes as a cost-effective tool to reduce the burden of tobacco use. Participants included delegates from ministries of health and finance from Argentina, Belize, Bolivia, Brazil, Chile, Colombia, Costa Rica, Ecuador, Guatemala, Mexico, Panama, Paraguay, Peru, Uruguay and Venezuela.
Ministry of Health and WHO release Global Adult Tobacco Survey Indonesia Report
The Global Adult Tobacco Survey (GATS) Indonesia Report 2021 presents detailed information on tobacco use and key tobacco control indicators, using globally standardized protocols and methodologies. The report found that 34.5% of adults – 70.2 million people – used tobacco. Use of electronic cigarettes increased by 10 times in the last 10 years, from 0.3% in 2011 – when the last GATS was conducted – to 3% in 2021.
Across Indonesia, WHO continues to advocate for implementation of strong tobacco control measures. This includes increased taxation of tobacco products, expansion of subnational bans on tobacco advertising, promotion and sponsorship, and stronger, more effective implementation and enforcement of smoke-free policies.
WHO encourages policy makers and public health researchers in Indonesia and globally to access and utilize the GATS Indonesia Report 2021, to better control tobacco and achieve a healthier, more sustainable future for all.
World No Tobacco Day 2024 in Thailand: protecting children from tobacco industry interference
Every year on 31 May, World No Tobacco Day highlights the dangers of tobacco use, exposes harmful business practices of tobacco companies, and empowers individuals to claim their right to health and protect future generations.
In Thailand, a troubling trend is rising among the youth: the growing popularity of e-cigarettes and vaping, driven by aggressive marketing and appealing designs. A sharp rise in e-cigarette use was observed amongst Thai school-aged children (13–15 years), with prevalence increasing from 3.35% in 2015 to 17.6% in 2022, despite the sale of e-cigarettes being banned in Thailand. Children and young people are aggressively targeted through marketing that relies heavily on social media and influencers.
The campaign exposed the tobacco industry’s deceptive practices and the real dangers of e-cigarettes, aiming to empower Thai youth to resist the lure of smoking and vaping. WHO urged all stakeholders – readers, parents, educators, policymakers – to unite in this fight, support anti-smoking campaigns, advocate for strict regulations, and educate communities to protect youth and secure a smoke-free future.
Towards a tobacco-free Jordan: launch of national strategy to combat tobacco and smoking
Minister of Health in Jordan delivering speech at the National Strategy to combat tobacco and smoking in all its forms launch. Photo by: WHO
Jordan’s Ministry of Health, with support from WHO, officially launched the National Strategy to Combat Tobacco and Smoking in All Its Forms 2024–2030 and an accompanying action plan for 2024–2026. The landmark launch event was held on 6 June 2024 under the patronage of His Excellency Prime Minister of Jordan Dr Bisher Khasawneh.
A startling 66.1% of males in Jordan are smokers, according to the 2019 Jordan National Stepwise Survey. A further 15.9% of males use electronic cigarettes. According to the WHO global report on trends in prevalence of tobacco use 2000–2030, published in 2023, Jordan is one of just 6 countries globally where tobacco use is still growing.
The Ministry of Health developed the strategy in collaboration with the WHO Country Office in Jordan and incorporated contributions from various ministries, nongovernmental organizations and international experts. This approach has ensured that the strategy is a comprehensive, evidence-based road map tailored to the Jordanian context.
WHO Director-General congratulates the Philippines on its progress in tobacco control, 10 years since the signing of the Sin Tax Reform Law
In January 2023 in Manila, legislators of the Philippine Government, members of the Action for Economic Reforms and the Sin Tax Coalition, and representatives from WHO, development partners and civil society organisations marked the 10th anniversary of the passage of Republic Act 10351 or the Sin Tax Reform Law.
WHO Director-General Dr Tedros Adhanom Ghebreyesus congratulated the Philippines on putting this tax reform and other measures in place for tobacco control. As a result of the many measures taken, tobacco use has dropped from 30% in 2009 to 20% in 2021.
“The taxes are having a clear impact. More smokers are trying to quit because of the high price of cigarettes. The Philippines is a great example for other countries of how raising tobacco taxes can save lives, reduce health costs, and raise revenues”, said Dr Tedros.
Source: New Zealand Council of Trade Unions Te Kauae Kaimahi
The Minister for Workplace Relations and Safety’s announcement today on gutting WorkSafe’s enforcement capability signals a return to a failed approach, that will weaken our health and safety system, said the New Zealand Council of Trade Unions Te Kauae Kaimahi.
“A soft approach to poor health and safety was a critical failing that led to the Pike River mine disaster, one of the worst health and safety failings in New Zealand history,” said NZCTU President Richard Wagstaff.
“Brooke van Velden continues to systematically gut WorkSafe to help protect businesses from enforcement of breaches of the law, rather than protecting the workers who suffer huge rates of injury and fatality as a result of work.
“WorkSafe was established in the wake of the Pike River mine disaster. It was clear that we needed a well-resourced, effective, and strong regulator, that was prepared to prosecute where necessary, as this was clearly lacking.
“Every week a worker is killed on the job on average in New Zealand, and 17 more are killed from the impact of work-related illnesses and diseases. Every year there are over 30,000 injuries suffered that require more than a week away from work. Nothing in these announcements will have a positive effect on these numbers.
“In the past few years, WorkSafe has endured cuts to the tune of millions of dollars, resulting in fewer staff. Since it was established the WorkSafe inspectorate has reduced from 8 per 100 thousand employees to 6.5, amongst cuts to the wider WorkSafe staffing levels.
“The Minister’s decision to gut WorkSafe is a reflection of a government that is prioritising profits over people,” said Wagstaff.
HOUSTON, June 03, 2025 (GLOBE NEWSWIRE) — As traditional borrowing channels become more difficult to access for millions of Americans, mobile-based cash advance apps are emerging as one of the most sought-after alternatives for short-term financial support in 2025. Viva Payday Loans, a US based online loan connection platform, reports strong year-over-year growth in demand for mobile lending options that do not rely on credit scores or lengthy paperwork.
About Viva Payday Loans
Viva Payday Loans is a US based online cash advance service that helps consumers find access to regulated short-term lending options. The platform connects users to licensed lenders through a single, secure, and mobile-friendly application process. Viva Payday Loans does not charge users to apply and does not perform hard credit checks to display available loan offers.
This trend reflects a larger shift in consumer behavior, where speed, accessibility, and flexibility are increasingly prioritized over conventional banking criteria.
“Borrowers today are looking for solutions that align with how they live and work—digitally, independently, and without rigid credit requirements,” said a spokesperson for Viva Payday Loans. “We’re seeing consistent demand from individuals who may not qualify for traditional loans but still need fast access to emergency funds.”
Cash Advance Apps Gain Momentum Across the U.S.
Mobile cash advance apps which connect borrowers with short-term lending options are quickly becoming a mainstream solution for users with limited or no credit history. These platforms typically rely on soft credit checks and focus more on current income and financial activity, rather than past borrowing behavior.
Among the key reasons users are turning to cash advance apps in 2025:
Speed: Most applications can be completed in minutes, with funds disbursed same-day in many cases.
Accessibility: Accepted income sources often include freelance work, gig economy earnings, or government benefits.
Convenience: The process is fully online, secure, and requires no in-person visits.
Viva Payday Loans Role in the Mobile Lending Landscape
Viva Payday Loans serves as a digital gateway, helping users navigate a growing ecosystem of licensed, short-term lenders across the U.S. Through a single online form, borrowers are matched with potential lenders based on their state, income, and requested loan amount. While Viva itself does not issue loans, its platform is designed to streamline access and promote informed borrowing decisions.
The service is free to use and does not require a hard credit inquiry to view available offers. Loan amounts typically range from $100 to $5,000, depending on state regulations and individual qualifications.
Growing Need for Flexible Financial Solutions
The evolving nature of work in the U.S. from remote jobs to gig-based income has made traditional lending models increasingly incompatible for many consumers. At the same time, inflation and economic uncertainty have increased the demand for quick-turnaround financing to cover expenses such as rent, utilities, medical bills, or auto repairs.
Cash advance apps, as enabled by platforms like Viva Payday Loans, are helping to meet this demand by offering access to time-sensitive funding options without the roadblocks of conventional credit systems.
Looking Ahead
As financial technology continues to evolve, digital platforms are expected to play an even larger role in shaping the future of personal lending. Viva Payday Loans will continue to invest in improving user experience, lender transparency, and access to regulated financial products that meet modern consumer needs.
Media Contact Mukesh Bhardwaj Email: mukesh@paydayventures.com
Disclaimer:This press release is intended for informational purposes only. Viva Payday Loans is not a direct lender. All lending decisions are made by independent third-party providers in accordance with local laws and eligibility requirements. Availability and approval are subject to verification and state regulations.
Source: The Conversation – Africa – By Hung Nguyen-Viet, Program Leader (ai), HEALTH at ILRI / CGIAR, International Livestock Research Institute
The world is facing daunting health challenges with the rise of zoonotic diseases – infections that are transmissible from animals to humans. These diseases – which include Ebola, avian flu, COVID-19 and HIV – show how the health and wellbeing of humans, animals and ecosystems are closely connected.
Zoonotic diseases have become more and more common due to factors such as urbanisation, deforestation, climate change and wildlife exploitation. These dangers are not limited by borders: they are global and demand a coordinated response.
By looking at health holistically, countries can address the full spectrum of disease control – from prevention to detection, preparedness, response and management – and contribute to global health security.
The World Health Organization has a basis for such an approach: One Health. This recognises the interdependence of the health of people, animals and the environment and integrates these fields, rather than keeping them separate.
I lead the health programme at the International Livestock Research Institute, where we are looking for ways to effectively manage or eliminate livestock-related diseases, zoonotic infections and foodborne illnesses that disproportionately affect impoverished communities.
My work focuses on the link between health and agriculture, food safety, and infectious and zoonotic diseases.
For example in Kenya we are part of an initiative of the One Health Centre in Africa to roll out canine vaccination and have so far vaccinated 146,000 animals in Machakos county.
In Ethiopia and Vietnam we worked in a programme to improve the hygiene practices of butchers in traditional markets.
In another project we work in 11 countries to strengthen One Health curricula in universities.
The lessons from the One Health projects implemented with partners across Asia and Africa are that there’s an urgent need for action on three fronts. These are: stronger cross-sectoral collaboration; greater engagement with policymakers to translate research findings into actionable strategies; and the development of adaptable and context-specific interventions.
But, having been active in this area for the last decade, I am impatient with the slow pace of investment. We know that prevention is better than cure. The cost of prevention is significantly lower than that of managing pandemics once they occur. Urgent steps, including much higher levels of investment, need to be taken.
What’s in place
In 2022 the World Health Organization, the Food and Agriculture Organisation, the United Nations Environment Programme and the World Organisation for Animal Health developed a joint One Health plan of action. They identified key areas to respond more efficiently to health threats. These included:
Reducing risks from emerging and re-emerging zoonotic epidemics. Actions include, for example, tightening regulations around farming and trade in wildlife and wild animal products.
Controlling and eliminating endemic, zoonotic, neglected tropical and vector-borne diseases by understanding the attitudes and knowledge of communities bearing the greatest burdens of these diseases. And boosting their capacity to fight them.
Strengthening action against food safety risks by monitoring new and emerging foodborne infections.
Curbing the silent pandemic of antimicrobial resistance, one of the top 10 global public health threats facing humanity.
Other collaborations include the Prezode (Preventing Zoonotic Disease Emergence) initiative to research all aspects of diseases of animal origin. This was launched in 2021 by French president Emmanuel Macron.
One Health has gained traction globally. But there’s still a great deal to be done.
The cost of inaction
According to a 2022 World Bank estimate, preventing a pandemic would cost approximately US$11 billion per year, while managing a pandemic can run up to US$31 billion annually. So the investment return of 3:1 is an important reason to call for investment in One Health.
The Pandemic Fund was launched in November 2022 by leaders of the Group of 20 nations and hosted by the World Bank Group to help low- and middle-income countries prepare better for emerging pandemic threats. US$885 million has been awarded to 47 projects to date through the two rounds in the last three years.
However, relative to the US$11 billion per year required for prevention, this investment is modest. Urgent investment in One Health needs to be made by countries themselves, in particular low- and middle-income countries.
The last two World One Health congresses (in Singapore in 2022, and in Cape Town in 2024) called for investment in One Health. There were also calls for investment in One Health at regional level to prevent zoonotic diseases and the next pandemic.
At the 78th World Health Assembly in Geneva, member states of the World Health Organization (WHO) formally adopted by consensus the world’s first Pandemic Agreement. The landmark decision culminates more than three years of intensive negotiations launched by governments in response to the devastating impacts of the COVID-19 pandemic.
This is major global progress in One Health and disease prevention.
But the lessons of COVID-19 have shown us that the cost of inaction is incalculable in terms of lives lost, economic turmoil and societal disruption. To date, there have been over 777 million cases of COVID-19, including more than 7 million deaths worldwide.
According to estimates by the International Monetary Fund, COVID will have caused a cumulative production loss of US$13.8 trillion by 2024.
The choice is clear: invest today to prevent tomorrow’s pandemics, or pay a heavy price in the future.
– Preventing the next pandemic: One Health researcher calls for urgent action – https://theconversation.com/preventing-the-next-pandemic-one-health-researcher-calls-for-urgent-action-255229