Translation. Region: Russian Federal
Source: People’s Republic of China in Russian – People’s Republic of China in Russian –
Source: People’s Republic of China – State Council News
BEIJING, June 5 (Xinhua) — The Chinese mainland on Thursday announced a punishment for a Taiwanese company linked to Shen Pao-yang, also known as Puma Shen, a proponent of “Taiwan independence.” The company is banned from any transactions or cooperation with mainland organizations, enterprises and individuals. -0-
Translation. Region: Russian Federal
Source: Moscow Government – Government of Moscow –
This year, Moscow, as in previous years, became the winner of the “Trade of Russia” competition. The capital’s Kuznetsky Most Street took first place in the “Best Shopping Street” nomination, and the large-scale gastronomic event “Moscow – on the Wave. Fish Week” 2024 won in the “Best Shopping Festival” nomination.
The festival has spread throughout the city, with record numbers of people visiting its venues last year. 4.5 million people. Almost every street offered unique seafood dishes, and fishing championships, SUP rafting on the river arteries, and a costume regatta attracted a huge crowd.
This season, the festival program “Moscow – on the Wave. Fish Week” includes more than 500 master classes, including culinary ones, for children and adults. Guests can expect a huge selection of seafood at the flagship site on Shkolnaya Street, unusual dishes and traditional recipes, themed menus in restaurants, as well as daily performances by musical groups and theatrical productions.
In 2025, the “Trade of Russia” competition was held for the eighth time. Its main objective is to identify the achievements and best practices of trade in a wide variety of formats. When choosing the winners, the conditions that regional and local authorities create for business development, as well as the appearance, equipment of the facilities and their demand are taken into account.
“The number of establishments opening in Moscow is growing every month. We always listen to entrepreneurs and implement new support measures. In April, the capital simplified the procedure for placing summer verandas
without special equipment“This is an important step for small cafes, which until now have not had the opportunity to equip a place for guests to relax outside,” shared the Minister of the Moscow Government, head of the capital’s Department of Trade and Services Alexey Nemeryuk.
Applications for participation in the competition, organized by the Ministry of Industry and Trade of the Russian Federation, come from all over the country. Recognition can be given not only to streets, but also to fairs, shops, mobile trading facilities and fast food facilities, retail markets and others.
“We at the Ministry of Industry and Trade of Russia are actively working to improve the legislation regulating trade. The goal of these efforts is to create comfortable conditions for citizens and entrepreneurs, stimulate entrepreneurial activity and develop various trade formats. I would like to note that the nominations of the “Trade of Russia” competition are selected in such a way that representatives of as many retail outlets as possible can take part in it,” said State Secretary – Deputy Minister of Industry and Trade of the Russian Federation Roman Chekushov in his welcoming speech.
Last year, the capital also won in several nominations. The best shopping street was Malaya Bronnaya, where about 70 shops and restaurants are open. The fair on Michurinsky Prospekt, which has been delighting customers since 2023, also received recognition. A special prize was awarded to the Moscow – on the Wave fish market in the Kosino-Ukhtomsky District.
Moscow has support measures for various business sectors. One of the most popular is competitions for the best design of city shop windows, which can not only increase the recognition of an establishment, but also win a cash prize.
More information about the activities of the capital’s Department of Trade and Services can be found inofficial telegram channel.
Get the latest news quicklyofficial telegram channel the city of Moscow.
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Translation. Region: Russian Federal
Source: Moscow Government – Government of Moscow –
The school exam season is in full swing: ninth and 11th grade students are taking the state final examination (GIA). The capital’s students and their parents will be able to find out the results of the unified state, main state and state final exams (USE, OGE, GVE) Mos.ru. The portal service allows you to view scores and copies of the participants’ answer sheets. In order to learn the results as quickly as possible, users can subscribe to receive relevant information by e-mail.
“With the service for checking the results of the State Final Attestation on mos.ru, graduates and their parents will learn about the scores they received as quickly as possible. At the same time, the portal displays not only the initial exam results, but also the scores after revision – in case an appeal was filed and they changed. The results are available in the personal account on mos.ru, notifications about them come to e-mail and in push notifications,” the press service said.
Department of Information Technology.
The user needs to go to the “Education” section in the mos.ru portal’s service catalog, select “School” or “College,” and then go toservice “Results of the State Final Attestation (Unified State Exam, Basic State Exam, State Final Exam), final essay (presentation), final interview in Russian.”
To gain access to the exam results and copies of the forms, you must enter the registration code specified in the notification of the GIA participant and the number of the document (without series) certifying his identity in the appropriate fields. If for any reason the exam participant has lost the code, he must contact his school.
You can also check your exam results in the Student Portfolio service on the Moscow Electronic School platform. To do this, go to the Study section, then to the State Final Attestation (GIA) block, where your scores for each subject will be displayed.
You can see the approximate schedule for approval and publication of exam results on the website Regional Information Processing Center of the City of Moscow.
Notifications will help you receive information about exam results in a timely manner. The subscription is set up immediately – when entering the registration code and document number, as well as in the personal account of the mos.ru portal (section “Documents and data” and subsection “GIA”).
You can also subscribe to notifications in the mobile application “Gosuslugi Moskvy”. To do this, from the “Profile” section, go to “Notifications”, select the “Educational” tab, where the notification topic will be displayed – “Results of the State Final Attestation”. In the application, you will also need to enter the registration code of the exam participant and the number of the identity document (without the series).
Information about the appearance of results will be sent to your email and in the form of push notifications.
You can learn about how the mos.ru portal turned from a news feed with a book of reviews into a resource where today more than 450 electronic services are presented from a popular science film “Moscow in Digital”.
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, corresponds to the objectives of the national project “Data Economy and Digital Transformation of the State” and the regional project of the city of Moscow “Digital Public Administration”.
Get the latest news quicklyofficial telegram channel the city of Moscow.
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Translation. Region: Russian Federal
Source: Moscow Government – Government of Moscow –
The capital’s digital ecosystem helps Muscovites go about their daily business, plan family leisure, lead an active lifestyle, and do much more. The mos.ru portal and city mobile apps offer services that are especially useful in the summer.
“With the start of the summer season, city residents not only begin to plan their vacations, but also continue to solve everyday tasks online. For this purpose, the mos.ru portal offers more than 450 digital services, many of which are available in the Moscow State Services and My Moscow applications. Thanks to them, residents can conveniently and quickly check the hot water shutdown schedule and pay bills, book books from the library to read during the holidays, or plan interesting leisure activities,” they reminded.
Department of Information Technology of the City of Moscow.
The main city events of the season have been collected in the project “Summer in Moscow”, which has been running since June 1. At more than 400 venues, residents and guests of the capital will be treated to street festivals, theatrical performances, karaoke and gastronomic master classes, as well as a large-scale market of local goods from the project “Made in Moscow”. Earlier, the program of the project’s events was posted on its Telegram channel announced Sergei Sobyanin.
Service “Mosbilet”, available on the mos.ru portal and in the My Moscow mobile app, allows you to purchase tickets to cultural events — theaters, museums, cinemas, and concerts — without extra charges. There are also free events available for everyone to attend.
Digital tourist service Russpass will help you organize a trip around the summer capital. It contains walking and cycling tours, signature routes, hotels, cafes, event listings, transport tickets and much more. The ecosystem will not only plan a walk, but also give personal recommendations for recreation using artificial intelligence. The service already has more than 50 thousand offers for travel around Russia, of which about a third are in Moscow.
For those who want to independently plan their leisure time and explore the city, there is application “Discover Moscow”. It will suggest themed routes around the city and tell about parks and estates via an audio guide. In addition, the application offers to study the history of the capital using augmented reality technologies, so that users can take a new look at familiar streets and boulevards.
Spend your summer usefully and borrow a book from the nearest library service “Moscow Libraries”. All you need is a standard account on mos.ru and a single library card, which is issued online or in any of the 440 city reading rooms. The electronic version is available in the mobile app “My id”.
The project will help you find nearby sports facilities, select a site for training and learn about active recreation activities “Moscow Sport”. On the mos.ru website, anyone who wants to can find the nearest open swimming pools and will be able to buy a ticket for the session, as well as book a gazebo for relaxation in the park through the service “Picnic in Moscow”.
Through mos.ru and the applications “My Moscow” and “Gosuslugi Moskvy” you can pay utility bills and city services using the service “My payments”.
In addition, residents of the capital can submit readings water meters Andelectricity, as well as solve other everyday issues. For example, call a technician to troubleshoot problems in the house or to find out hot water shutdown schedule in the summer period.
If there are no meters installed in the apartment, in order to save on payments during a vacation or a trip to the country, you need to submit an applicationrecalculation of payment for housing and communal servicesTo do this, you must provide a document confirming the absence of meters and indicating the duration of the rest.
Service “Removal of unnecessary things” will help to tidy up and get rid of unnecessary things, for example, to donate unnecessary clothes and books that will be useful to others for free. The full list of what is accepted for removal is posted on mos.ru.
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 the regional project of the city of Moscow “Digital Public Administration”.
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Translation. Region: Russian Federal
Source: Moscow Government – Government of Moscow –
In connection with the 10,000 Steps walking and running festival, several boulevards on the inner side of the Boulevard Ring will be closed on June 8.
Thus, from 00:01 on June 8 until 05:00 on June 9 it will be impossible to drive on:
– Gogolevsky Boulevard (from Volkhonka Street to Znamenka Street);
— Nikitsky Boulevard (from house 12 on Novinsky Boulevard to Bolshaya Nikitskaya Street);
— Tverskoy Boulevard (from Bolshaya Nikitskaya Street to Tverskaya Street);
— Strastnoy Boulevard (from Naryshkinsky Proezd to Petrovka Street);
– Petrovsky Boulevard (from Petrovka to Krapivinsky Lane);
— Rozhdestvensky Boulevard (from Rozhdestvenka Street to Bolshaya Lubyanka Street);
– Sretensky Boulevard (from Bolshaya Lubyanka Street to Frolov Lane);
— Chistoprudny Boulevard (from Myasnitskaya Street to house 12, building 2 on Chistoprudny Boulevard).
Parking in these areas will be prohibited from 00:01 on June 7 until the end of the event.
Drivers are advised to plan their route in advance, taking into account temporary traffic restrictions. All detailed information is available on the website Traffic Management Center.
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Translation. Region: Russian Federal
Source: Moscow Government – Government of Moscow –
The summer cinema-lecture hall has reopened at VDNKh. It has traditionally been operating for the fifth season in a row. The site is open to visitors until September 7 from Friday to Sunday.
The cinema’s repertoire includes cartoons, comedies, dramas, fantasy stories and action films aimed at different audiences. Viewers will see the French comedies “Aliens” and “Aliens. Back to the Future”, the Russian fantasy films “Pirates of the Galaxy Barracuda” and “Zhdun”, and the Russian drama “Everything That Concerns You”.
All film screenings are free. To get into one of them, you need to go through registration on the site, which will be available 48 hours before the event starts.
The auditorium is designed for 288 people. The Okko summer cinema is open for visiting even in bad weather. A massive canvas roof reliably protects viewers from the rain. In addition, they can always use branded pillows. The design of the auditorium itself allows you to comfortably and without interference enjoy the film from any point.
Holding events for VDNKh guests corresponds to the objectives of the national project “Tourism and Hospitality”.
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Translation. Region: Russian Federal
Source: Moscow Government – Government of Moscow –
In every district of the capital there are owners of shops, shopping centers, restaurants, cafes, hairdressers and car services who sent humanitarian aid to participants in the special military operation (SVO) this spring.
The products are being donated not only by establishments that purchase food, such as supermarkets or bakeries, but also by beauty salons. Their employees managed to collect a large number of cans of stewed meat and main courses, specially preserved for long-term storage, as well as dry milk porridges.
About 300 food packages were received by servicemen from entrepreneurs from the Levoberezhny and Vostochnoye Degunino districts, and about 200 dry rations were transferred from Ivanovskoye and Kosino-Ukhtomsky. In addition, it was possible to send more than 700 different canned goods – from vegetables to meat.
Restaurant and pastry shop owners in Severnoye Butovo collected almost 300 kilograms of food products, and one teahouse in Lublin donated 500 kilograms of honey to the fighters. The packages also included instant noodles and mashed potatoes, tea and coffee, candy, chocolate and other food.
Humanitarian aid shipments of clothing were sent this spring from the Yaroslavsky, Obruchevsky, Yuzhnoye Tushino, Chertanovo Tsentralnoye, Sokolinaya Gora and Lyublino districts. These are several thousand insoles, including woolen ones, winter and summer uniforms, thermal underwear and socks, T-shirts, hats, and dozens of pairs of shoes.
Fabric and yarn stores donated pillows, blankets, and bed linens so that the soldiers could rest in comfortable conditions. Gas burners were included in the packages for cooking, and stoves and generators were also sent.
The entrepreneurs placed a great emphasis on medical products and collected, for example, liters of antiseptic, hundreds of bandages, tourniquets and catheters, as well as crutches, dressings and medications.
The owners of department stores and car dealerships have not forgotten about spare parts, lumber, electronic warfare systems, quadcopters, professional radios, monoculars, collimators and other military equipment.
There were also those who independently delivered humanitarian aid to the combat zone and also provided facilities for weaving camouflage nets.
Since the first days of the SVO, owners of Moscow stores, shopping centers, car dealerships and other service establishments, as well as Moscow restaurateurs, have been regularly sending humanitarian aid. The parcels contain products that have a long shelf life: canned meat, fish and vegetables, tons of different cereals, pasta, cookies, candies, chocolate and many other sweets. Entrepreneurs donate personal hygiene products and seasonal clothing, such as jackets, boots and thermal underwear, as well as essential medicines, building materials and even military equipment, including quadcopters and entire columns of vehicles.
More about the activities of the capital’s Department of Trade and Services – inofficial telegram channel.
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Translation. Region: Russian Federal
Source: Moscow Government – Government of Moscow –
Hot music, fast tempo, split seconds – and the young athletes are already in the air. Jump, spin, land – we watch with admiration the complex tricks that the students practice during training Moscow Academy of Dance Sport and Acrobatic Rock’n’RollAmong her students are masters of sports of international class, champions of Russia, the world, Europe, and winners of the World Games.
A mos.ru correspondent went to the academy and found out why athletes love acrobatic rock-n-roll and why they regularly compete.
Main site Moscow Academy of Dance Sport and Acrobatic Rock’n’Roll is located on 3rd Frunzenskaya Street (building 5, block 1) in Khamovniki. You can recognize the building by its panoramic windows and the large red sign above the main entrance.
The lobby on the first floor contains the administrator’s post, a cloakroom and soft sofas. The sounds of music are carried along the spacious corridors.
“Our academy is the leading institution for the development of acrobatic rock ‘n’ roll in Moscow and Russia. More than 1.6 thousand people are trained in this sport under the guidance of 60 highly professional coaches. Acrobatic rock ‘n’ roll attracts children with its spectacularity and dynamism. Its uniqueness is also in the fact that it harmoniously develops the child. Here is choreography, acrobatics, work on coordination and stretching, general physical training. And also responsibility and discipline,” says Alexandra Zalipaeva, coach and head of the sports school of acrobatic rock ‘n’ roll, which is part of the academy.
The academy trains athletes from the age of six. The preparatory program is selected by assessing the physical characteristics of each child. In the first years of training, children develop musicality, learn dance moves, and get used to the feeling of flying on trampolines and acrobatic tracks. From the age of eight, young performers participate in competitions, where they first receive youth and then adult sports categories.
The next step is the title of candidate for master of sports. It is awarded from the age of 14. Children over 16 can receive the title of master of sports of Russia and master of sports of Russia of international class.
“Acrobatic rock’n’roll is performed in pairs. Young men and women come out onto the dance floor, having prepared a program to a given piece of music in advance. There is also a category called formation in this sport. Teams compete in it. They may include young men and women (“formation mixed”) or only women (“female formation”). Some of our academy’s students try their hand at several categories at once. And we support them in this. We do not limit training by age – the guys continue to train with us even after they turn 18,” emphasizes Alexandra Zalipaeva.
We go down to the first floor, where there are locker rooms, a gym and a training room. Behind one of the doors is a huge space with high ceilings and a shiny dance floor. This is a multi-purpose training room. It has everything necessary for training athletes: a ballet barre, wall bars, mats, acrobatic tracks and a large trampoline. On it, the guys learn to jump and do somersaults.
Energetic music plays, and couples come out to the center of the room. The dancers join hands and beat the beat, rhythmically moving their legs, as if hitting an invisible ball. This movement is called “kick-ball-chench.” Then the young men cross their palms and help their partners push off. A few seconds later, the girls synchronously turn over in the air.
“Acrobatic rock’n’roll is about coordination, synchronicity and confidence. That’s why we pay attention not only to technique, but also to how the kids feel. In our sport, the girls do the tricks, and the boys throw them up and insure them, so the partners should be taller, stronger and tougher than their partners. It’s also important that both trust each other. To do this, we first work on the fear of heights – this is probably one of the strongest fears in children. First, we introduce the child to the trampoline, try to do simple elements. Then we use a safety rope. It is attached to the ceiling and holds the child. When the trick is done confidently, we perform it without the safety rope,” says Nadezhda Abyzova, a trainer at the Moscow Academy of Dance Sport and Acrobatic Rock’n’Roll.
She has been training athletes for over 30 years. During her classes, Nadezhda Abyzova instills in children a love for music, creativity and sports, and tries to reveal the talent in each student. The main secret of the most striking performances, according to her, is the hard work of the children. They spend three hours a day up to four times a week in the training halls.
Among the girls who soar into the air time and time again is Angelina Lyubomudrova. At 17, she is already a master of sports in acrobatic rock and roll and a member of teams in the categories of “women’s formation” and “formation mixed”.
“My mother brought me to the classes. I remember seeing some guys standing on the shoulders of others, creating an incredibly beautiful figure, and I realized that I wanted to do the same. I was seven then. Over the 10 years of training, I tried to perform different elements – from the simplest to the most complex. One of my favorites is the flight death spiral, when you need to push off from one partner, fly up, turn around and land on the back of the other. At the same time, we do not just perform dance and acrobatic elements, but do it quickly, with energy and drive. Our sport gives emotions, for which we love it. Music and confidence that everything will definitely work out help to catch the right mood,” says Angelina Lyubomudrova, a student of the academy.
Capital centers of additional education are becoming increasingly popularWhat do children get from studying general development programs in art schools?Theatre career: how art school and college graduates take their first steps in the profession
Stanislav Neporozhnev, a 19-year-old graduate of the Moscow Academy of Dance Sport and Acrobatic Rock ‘n’ Roll, also speaks about the importance of hard work. He appears on the training floor with his partner, 16-year-old Olesya Zvereva. Together they are part of the Moscow Acrobatic Rock ‘n’ Roll Team.
“Now I am a master of sports in acrobatic rock and roll. This title was my dream. I came to classes at the age of eight and at first enjoyed the music and movements, and then I realized that I wanted to win. To defend the rank, you need to take the corresponding prize place at the championship. This is what I worked for, listening attentively to the coach and honing my skills together with my partner,” Stanislav says.
He is sure that the secret of victory is in unity. Everything works out as it should if the couple is not only danced, but also friendly.
“Without a good relationship, a couple will not work out. In order to trust your partner, share the emotions of performance with him and feel confident in every movement, you need to be friends. That’s why we not only train together, but also spend our free time – we walk, communicate. Thanks to this, the atmosphere in classes becomes not competitive, but almost family-like – we get along so well with each other,” Olesya Zvereva supports her partner.
Stanislav Neporozhnev is studying to be an engineer, and Olesya Zvereva is just deciding what she wants to become, but both are sure that acrobatic rock and roll will always be their favorite thing. But Varvara and Sergey Dmitriev dream of one day professionally training future champions. They continue the family tradition.
“We are brother and sister, and our mother is an acrobatic rock ‘n’ roll coach. She no longer teaches, but thanks to her, our path as athletes began. I have been dancing since I was five, and my sister practically since she was in diapers. At first, we just studied the direction, and then we began to perform at championships. Now we can’t imagine our life without it. Now I am 17, Varvara is 15. We are already candidates for master of sports and in the future we want to become coaches,” says Sergey Dmitriev.
In May, the guys performed at the All-Russian Acrobatic Rock ‘n’ Roll Competition and took fifth place. Today, they continue to hone their skills. Together, they go to the middle of the training hall and, to the sound of fiery music, transform into fairy-tale characters – the Wolf and Little Red Riding Hood.
“Competitions are an integral part of our sport. That’s why we always prepare for something. We can have up to four championships in a row per month. This gives the guys not only ranks and titles, but also invaluable experience. They become stronger, more resilient, more graceful. New horizons open up for them. Our students can enroll in physical education universities, sports and pedagogical colleges, attend referee seminars and evaluate performances at championships or continue to go out on the court, reaching world heights. And they often return to us as teachers. And this is wonderful. It means we are doing everything right,” emphasizes Nadezhda Abyzova.
You can enroll your child in the sports training program at the Moscow Academy of Dance Sport and Acrobatic Rock ‘n’ Roll on the portal Mos.ruRegistration is planned to open in September.
Quickly find out the main news of the capital inofficial telegram channel the city of Moscow.
From artistic fencing to eSports. What unusual sections do young Muscovites attend?The Magical World of Creativity: How the M.I. Glinka Children’s Art School WorksHereditary artists and love for folk culture. The ensemble “Rhythms of Childhood” is 50 years oldWinter Garden, Ship Laboratory and Robot Workshop: How the Palace of Pioneers on Vorobyovy Gory Is OrganizedFrom Equilibrium to Juggling: What They Teach at the Yury Nikulin School of Circus Arts
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Translation. Region: Russian Federal
Source: Moscow Government – Government of Moscow –
A modern residential cluster with schools, kindergartens, a clinic and commercial real estate will appear in the Troitsky administrative district. The construction will be carried out by an investor determined by the results of the auction, reported Ekaterina Solovieva, Minister of the Moscow Government, Head of the Moscow Department of City Property.
“Investors are actively involved in the urban development of the Troitsky and Novomoskovsky administrative districts. Following an open auction, an agreement was signed with the developer that will allow the company, together with the city, to build a modern residential cluster with the necessary social and commercial infrastructure on the territory of 736 hectares in the Krasnopakhorsky district. It is planned to build 825 thousand square meters of housing, public and business real estate with a total area of more than 41 thousand square meters, as well as a clinic, schools and kindergartens for two thousand students and 1.3 thousand pupils,” said Ekaterina Solovyova.
The project envisages the construction of housing for approximately 15 thousand people. They plan to build more than seven thousand private cottages, as well as townhouses and apartment buildings with almost two thousand apartments. The plots for development are located next to the Central Ring Road, between the settlements of Shchapovo, Pesye and Ovechkino.
The investor of the project will be the Samolet Group of Companies. According to the Investment Director Alexey Romantsov, the partnership of investors and the city allows for the application of the best urban development practices. It is expected that the central core of the project’s audience will be families who will appreciate the unique combination of advantages of country life with urban comfort. The family concept is reflected in the infrastructure, landscaping and apartment layout of the project. Thus, the average area of apartments in low-rise buildings is more than 20 percent larger than the area in city blocks.
Work on the project is planned to begin in 2026–2027.
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Translation. Region: Russian Federal
Source: Moscow Government – Government of Moscow –
Thanks to the agreement between the capital Department of Culture and the Moscow Center for the Development of Professional Education Department of Education and Science of the City of Moscow Students from the capital’s colleges will be able to make films at the Moskino cinema park.
“Almost 1,200 students from Film College No. 40 “Moscow International Film School” and Entrepreneurship College No. 11 will be able to work on the world’s largest location for filming on location. They will use the modern infrastructure not only on specially designated days, but also upon individual requests. The guys will be able to work on any of the 24 locations. This will help them consolidate their knowledge and implement their projects in professional conditions,” the press service of the Department of Education and Science said.
Thus, regular career guidance excursions to the sites are held for college students. Such practice develops creative thinking and provides an opportunity to gain knowledge that will be useful in a future career. And the guys from Film College No. 40 “Moscow International Film School” We have already filmed a scene in the film park’s airplane for the educational film “Boeing”.
“I really enjoyed working on the set. We filmed in the cockpit of a real airplane. Special fences were installed around the place where we worked and an observer was appointed so that no one would interfere with us. The curator would come periodically and check if everything was okay. The filming went great thanks to the Moskino film park team. It was a wonderful experience,” shared Andrey Romashov, third-year student and editor of the educational film “Boeing.”
The Moskino Cinema Park is part of Sergei Sobyanin’s Moscow — City of Cinema project and an object of the Moscow film cluster, which is being developed by the capital’s Department of Culture. The first stage of creation has already been completed: 24 natural sites, four pavilions and six infrastructure facilities have been built, including the sets of the Center of Moscow, Moscow of the 1940s, Vitebsk Station, Cathedral Square of Moscow, County Town, Cowboy Town, St. Petersburg Bar and other sites.
The Moscow Film Cluster is an infrastructure facility, services and facilities for filmmakers, which are being developed by the Moscow Government within the framework of the Moscow — City of Cinema project. Its structure includes the Moskino Film Park, the Gorky Film Studio (sites on Sergei Eisenstein Street and Valdaisky Proyezd), the Moskino Film Factory, the Moskino Cinema Network, the Film Commission and the Moskino Film Platform.
The admissions campaign in Moscow colleges will begin on June 26. Applicants will be able to submit applications online on the portal Mos.ru simultaneously for five specialties in one educational institution or distribute the choice between several colleges.
To learn more about popular areas of study at the capital’s colleges, visit open days. You can see the schedule and sign up on the website Moscow Center for the Development of Professional Education, having registered in advance.
Detailed information about the professions and specialties taught in the capital’s colleges is available at website, in the telegram channel“Colleges of Moscow” and the same name community on the social network VKontakte.
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Source: Government of India
Source: Government of India (4)
Wild card Lois Boisson lit up the French Open on Wednesday when the home hope downed sixth-seeded Russian Mirra Andreeva to make the semi-finals before Novak Djokovic set up a blockbuster meeting with world number one Jannik Sinner.
While Sinner stretched his Grand Slam winning streak to 19 matches after back-to-back titles at the U.S. Open last year and the Australian Open in January, Boisson, ranked 361st, thrilled the home crowd with a dazzling performance.
Three-time French Open winner Novak Djokovic stole the show in the evening by outlasting German third seed Alexander Zverev 4-6 6-3 6-2 6-4 to remain in the hunt for a record 25th Grand Slam title at the venue of his Olympic gold medal last year.
Victory after three hours and 17 minutes was the 38-year-old Serbian’s 101st win at Roland Garros but he had to draw from his seemingly endless reserves of energy and experience to prevail.
“There was a lot of tension, pressure but it’s normal when you play Zverev, one of the best in the world, in the last five-six years,” Djokovic said.
“My game is based on a lot of running. I’m 38, it’s not easy to keep running like that but, OK, it works.”
Sinner was barely troubled as he defeated Alexander Bublik 6-1 7-5 6-0 and became the first Italian man to reach six Grand Slam semi-finals.
The 23-year-old, who served a three-month doping ban before returning to action in Rome last month, raced through the first set after twice breaking the Kazakh, who had stunned fifth seed Jack Draper in the previous round.
Looking to become the first man representing Kazakhstan to defeat a world number one, Bublik, who hit 37 drop shots against Draper, pulled out this weapon again in the second set.
Sinner broke and held to take it before the 27-year-old Bublik, ever the entertainer, delighted fans with an underarm serve but ultimately could do nothing to stop the Italian’s march into the last four.
BOISSON SPARKLES
Earlier Boisson became the toast of France after staging the tournament’s biggest upset with a 7-6(6) 6-3 win over Andreeva, who had been tipped as a title contender, in an electrifying match that had the home crowd on the edge of their seats.
The 22-year-old had stunned third seed Jessica Pegula in round four, but on Wednesday pulled off another major shock, beating Andreeva, who had not lost a set in the tournament.
“Every player dreams of winning a Slam – and for a French player, Roland Garros even more so. I’ll go for it because my dream is to win the final, not the semi-final,” Boisson said.
Andreeva, the 18-year-old sixth seed who was bidding to become the youngest female player to reach back-to-back French Open semi-finals in nearly three decades, quickly found herself chasing Boisson’s fierce forehand.
The underdog, who has been a breath of fresh air in the tournament with her no-nonsense power game and down-to-earth approach, looked to have run out of steam as Andreeva went 3-0 up but she proceeded to win the next six consecutive games.
Andreeva repeatedly lost her temper and was handed a warning when she fired a ball into the stands in frustration.
With the home crowd the loudest it had been since the start, chants of ‘Lois, Lois’ echoed across the Philippe Chatrier court, with the decibel level lifted even further because the roof was closed due to rain.
Boisson, who will jump almost 300 places in the rankings next week, will face 2023 U.S. Open champion Coco Gauff, who came out on top in an error-ridden quarter-final against Australian Open champion Madison Keys with the pair littering the court with 101 unforced errors.
UNFORCED ERRORS
With a total of 49 unforced errors in the first set alone they both struggled to hold serve and Gauff, a semi-finalist in Paris last year, wasted a set point before Keys, who reached the French Open last four in 2018, edged ahead with a tiebreak win.
Gauff, who reached the final in 2022 and is the youngest woman to claim 25 main-draw wins at Roland Garros since Martina Hingis (1995-2000), bounced back to win the next two sets.
“So many unforced errors,” Gauff, who also had 10 double faults, said to herself after sinking another easy baseline shot into the net.
“I was just trying to be aggressive,” the 21-year-old Gauff said. “Usually if you’re playing too passive, in the end the more aggressive player is going to win. I knew in the second and the third that I had to try my best.”
(Reuters)
Source: People’s Republic of China – State Council News
Ukrainian President Volodymyr Zelensky announced Wednesday that Ukraine and Russia have agreed to carry out a prisoner exchange under the “500-for-500” formula this weekend, the Ukrinform news agency reported.
“The Russian side has informed us that this weekend it will be ready to hand over 500 individuals … Accordingly, we will be ready to exchange the same number of people,” Zelensky said after consultations between Kiev and Moscow regarding the swap.
He noted that Ukraine has not yet received the lists of individuals to be exchanged.
Ukraine and Russia have agreed on another major prisoner exchange during the second round of direct talks in Istanbul on Monday.
The delegations held their previous negotiations on May 16, which resulted in a “1,000 for 1,000” prisoner exchange between the parties.
Source: People’s Republic of China – State Council News
Philemon Yang (L), president of the UN General Assembly, presides over a meeting to elect members of the UN Economic and Social Council at the UN headquarters in New York, on June 4, 2025. [Photo/Xinhua]
Eighteen states, including China, were elected on Wednesday into the UN Economic and Social Council (ECOSOC), the coordinating body for the economic and social work of UN agencies and funds, for a three-year term.
Philemon Yang, president of the General Assembly, announced the results after voting by secret ballot in the assembly.
Elected were Burundi, Chad, Mozambique, Sierra Leone from African states; China, India, Lebanon, Turkmenistan from Asia-Pacific states; Croatia, Russia, Ukraine from Eastern European states; Ecuador, Peru, Saint Kitts and Nevis from Latin America and Caribbean states; Australia, Finland, Norway, Türkiye from Western European and other states.
They were elected for a three-year term beginning on Jan. 1, 2026.
Russia failed to obtain the two-thirds majority needed for election in the first round of the voting. It won in a restrictive round against Belarus.
In a by-election for rotation within the Western European and other states group, Germany was elected for a one-year term beginning on Jan. 1, 2026. It will replace Liechtenstein. The United States was elected for a two-year term beginning on Jan. 1, 2026. It will replace Italy.
ECOSOC has 54 members, which are elected each year by the General Assembly for overlapping three-year terms. Seats on the council are allocated on the basis of geographical representation with 14 seats to African states, 11 to Asia-Pacific states, six to Eastern European states, 10 to Latin American and Caribbean states, and 13 to Western Europe and other states.
ER Report: Here is a summary of significant articles published on EveningReport.nz on June 5, 2025.
Final counting shows polls understated Labor in 2025 election almost as much as they overstated it in 2019
Source: The Conversation (Au and NZ) – By Adrian Beaumont, Election Analyst (Psephologist) at The Conversation; and Honorary Associate, School of Mathematics and Statistics, The University of Melbourne With almost all primary votes now counted to two-party preferred (as I explained on May 29), Labor has won the national two-party vote by a 55.3–44.7 margin,
Resignation of PM’s press secretary highlights gaps in NZ law on covert recording and harassment
Source: The Conversation (Au and NZ) – By Cassandra Mudgway, Senior Lecturer in Law, University of Canterbury Getty Images The sudden resignation this week of one of Prime Minister Christopher Luxon’s senior press secretaries was politically embarrassing, but also raises questions about how New Zealand law operates in such cases. A Stuff investigation revealed the
One year ago, Australia scrapped a key equity in STEM program. Where are we now?
Source: The Conversation (Au and NZ) – By Maria Vieira, Lecturer, Education Futures, University of South Australia ThisIsEngineering/Pexels In June 2024, the Australian government ended the Women in STEM Ambassador program. The decision followed a report that urged a broader, intersectional approach to diversity in the fields of science, technology, engineering and maths (STEM). For
The pursuit of eternal youth goes back centuries. Modern cosmetic surgery is turning it into a reality – for rich people
Source: The Conversation (Au and NZ) – By Margaret Gibson, Associate Professor of Sociology, Griffith University The Conversation, CC BY-SA Kris Jenner’s “new” face sparked myriad headlines about how she can look so good at 69 years old. While she’s not confirmed what sort of procedures she’s undergone, speculation abounds. As a US reality TV
Woodside’s North West Shelf approval is by no means a one-off. Here are 6 other giant gas projects to watch
Source: The Conversation (Au and NZ) – By Samantha Hepburn, Professor, Deakin Law School, Deakin University GREG WOOD/AFP via Getty Images The federal government’s decision to extend the life of Woodside’s North West Shelf gas plant in Western Australia has been condemned as a climate disaster. The gas lobby claims more gas is needed to
Unprecedented heat in the North Atlantic Ocean kickstarted Europe’s hellish 2023 summer. Now we know what caused it
Source: The Conversation (Au and NZ) – By Matthew England, Scientia Professor and Deputy Director of the ARC Australian Centre for Excellence in Antarctic Science, UNSW Sydney Westend61/Getty Images In June 2023, a record-breaking marine heatwave swept across the North Atlantic Ocean, smashing previous temperature records. Soon after, deadly heatwaves broke out across large areas
Bowel cancer rates are declining in people over 50. But why are they going up in younger adults?
Source: The Conversation (Au and NZ) – By Suzanne Mahady, Associate Professor, Gastroenterologist & Clinical Epidemiologist, Monash University Thirdman/Pexels Bowel cancer is the fourth most common cancer in Australia, with more than 15,000 cases diagnosed annually. It’s also the second most common cause of cancer-related death. Recently, headlines have warned of an uptick in cases
Australian kids BYO lunches to school. There is a healthier way to feed students
Source: The Conversation (Au and NZ) – By Liesel Spencer, Associate Professor, School of Law, Western Sydney University Getty Images/ courtneyk Australian parents will be familiar with this school morning routine: hastily making sandwiches or squeezing leftovers into containers, grabbing a snack from the cupboard and a piece of fruit from the counter. This would
Australia’s charity sector is growing – but many smaller charities are doing it tough
Source: The Conversation (Au and NZ) – By Margaret Faulkner, Senior Marketing Scientist, Ehrenberg-Bass Institute, University of South Australia Revenue for Australia’s charity and not-for-profit sector has reached record highs, and total donations have grown. But the story isn’t the same everywhere, and some smaller charities may be struggling. That’s according to the latest edition
Taylor Swift now owns all the music she has ever made: a copyright expert breaks it down
Source: The Conversation (Au and NZ) – By Wellett Potter, Lecturer in Law, University of New England On Friday, Taylor Swift announced she now owns all the music she has ever made. This reported US$360 million acquisition includes all the master recordings to her first six albums, music videos, concert films, album art, photos and
The secret to Ukraine’s battlefield successes against Russia – it knows wars are never won in the past
Source: The Conversation (Au and NZ) – By Matthew Sussex, Associate Professor (Adj), Griffith Asia Institute; and Fellow, Strategic and Defence Studies Centre, Australian National University The iconoclastic American general Douglas Macarthur once said that “wars are never won in the past”. That sentiment certainly seemed to ring true following Ukraine’s recent audacious attack on
Politics with Michelle Grattan: historian Emma Shortis warns against falling into Trump’s trade traps
Source: The Conversation (Au and NZ) – By Michelle Grattan, Professorial Fellow, University of Canberra Prime Minister Anthony Albanese is expected to have his first face-to-face meeting with US President Donald Trump this month, against a background of increased steel and aluminium tariffs and US pressure on Australia to boost its defence spending. How Australia
Extreme weather events have slowed economic growth, adding to the case for another rate cut
Source: The Conversation (Au and NZ) – By Stella Huangfu, Associate Professor, School of Economics, University of Sydney Australia’s economy slowed sharply in the March quarter, growing by just 0.2% as government spending slowed and extreme weather events dampened demand. That followed an increase of 0.6% in the previous quarter. The national accounts report from
Young people who witness domestic violence are more likely to be victims of it. Here’s how we can help them
Source: The Conversation (Au and NZ) – By Kristin Diemer, Associate Professor of Sociology, The University of Melbourne In our national discussions on domestic and family violence, much of the focus is rightly on the women experiencing the violence and how best to help them. But another vital, less acknowledged part of the puzzle is
Gluten intolerance and coeliac disease can both cause nausea, bloating and pain. What’s the difference?
Source: The Conversation (Au and NZ) – By Yasmine Probst, Professor, School of Medical, Indigenous and Health Sciences. Advanced Accredited Practising Dietitian, University of Wollongong fotodrobik/Shutterstock Around one in ten Australians say they follow a gluten-free diet. This means eliminating common foods – such as bread, pasta and noodles – that contain gluten, a protein
How physicists used antimatter, supercomputers and giant magnets to solve a 20-year-old mystery
Source: The Conversation (Au and NZ) – By Finn Stokes, Ramsay Fellow in Physics, University of Adelaide Cindy Arnold, Fermilab Physicists are always searching for new theories to improve our understanding of the universe and resolve big unanswered questions. But there’s a problem. How do you search for undiscovered forces or particles when you don’t
Ahead of the Brisbane Olympics, it’s time for Australia to get serious about esports
Source: The Conversation (Au and NZ) – By Craig McNulty, Senior Lecturer in Exercise Physiology, Queensland University of Technology Roman Kosolapov/Shutterstock Most of us have heard of esports but many don’t realise the fast-growing world of competitive video gaming features tournaments, university scholarships and billions of dollars in revenue. As we approach the 2032 Brisbane
ER Report: A Roundup of Significant Articles on EveningReport.nz for June 4, 2025
ER Report: Here is a summary of significant articles published on EveningReport.nz on June 4, 2025.
US Senate News:
Source: United States Senator for Alaska Lisa Murkowski
06.04.25
Washington, DC – U.S. Senator Lisa Murkowski, R-AK and a senior member of the Committee on Appropriations, today secured a commitment from U.S. Secretary of Commerce Howard Lutnick to convene a meeting with Alaska seafood stakeholders on trade issues with Russia and ways the administration can help bolster the industry.
Speaking at hearing held by the Appropriations Subcommittee on Commerce, Justice, Science, and Related Agencies, Murkowski emphasized the importance of fair-trade practices for Alaska’s fishermen. Secretary Lutnick agreed with the Senator’s assessment, reinforcing that the administration’s trade policy “is to protect our fisherman, which are a key resource of the United States of America.” The Secretary committed to join the Senator in sitting down with leaders of the Alaska seafood industry to chart a path forward.
Click here to watch the full exchange.
The full transcript of Senator Murkowski’s conversation with Secretary Lutnick can be read below.
TRANSCRIPT
Murkowski: Thank you, Mr. Chairman. Mr. Secretary, welcome. I’m glad to follow the Ranking Member as well as the Chairman of the committee in talking about fisheries. You know I’ll never disappoint you, when you come before the committee, we’re going to talk about fish, and I appreciate what you have shared with Senator Collins about the administration’s desire to protect our fisherman. We’re pleased with the executive order relating to American seafood competitiveness.
I had an opportunity, just yesterday, to visit with one of our seafood industry leaders in the state of Alaska. I thought we were going to be talking about some of the tax provisions that are included in the reconciliation package, but he basically said if we can’t deal with trade issues when it comes to Alaska’s seafood, we are not even going to have to worry about the tax pieces because the trade implications are going to kill us. In Alaska, Russia has declared war on Alaska seafood and they have been very direct, and very open about it. They are using their dominance in the seafood market to help fund their war against Ukraine. And the effort is one that we are looking at, and needing to make sure, I mean really desperate to make sure, that the administration fully understands the implications of what is happening right now.
We’ve got the largest federal fisheries in the nation, about sixty percent of America’s harvest by volume. Seafood processing is 70 percent of Alaska’s manufacturing employment. The Alaska seafood industry generates $6 billion in economic output for that state, it employs 48,000 people in Alaska. Right now, we have Secretary of the Interior, and the Secretary of Energy, and the Administrator of EPA up in the state, all focused on aspects of our resources. But the other great resource for our state is our fisheries, and they are in peril.
I would ask for your commitment to sit down with leaders of the Alaska seafood industry, those important stakeholders, so that we can talk about a path forward on some of these issues that are really harming our industry right now. Can you give me that commitment, that we can work with your team to identify a time to do just that?
Lutnick: Why don’t you organize it, and it would be my pleasure to come and do it together with you, so we can make sure every topic is on the table, and we address it. Because our trade policy is to protect our fisherman, which are a key resource of the United States of America. We are on it and we know about it, I know all about the Russian issues. They’ve been attacking us for years, this is nothing new, sadly. But let’s do it together and this administration is on your side and is on it.
Murkowski: Excellent, I look forward to that, and we’ll be working with you on that.
A couple more issues, there has been a lot of discussion about NOAA, and the budget cuts, as well as with the impact on the National Weather Service.
We’ve been working with the Secretary of Transportation, Secretary Duffy, on aviation safety. We’re going to make some headway, there’s good support within the budget now to do that. But we have a connection here with the Department of Commerce, in that the Automated Surface Observing Systems, the ASOS systems as they are known, which provide for aviation safety, are managed by the National Weather Service. So, right now we’re looking at about a 40 percent staffing shortage. I’ve heard what you’ve said to other colleagues, about you know, you’re not cutting in key areas. I need to make sure that we are looking critically at the National Weather Service staffing in Alaska, to make sure that we are not compromising in any ways, the systems that are vital to transportation, commerce, and safety. We need them to stay operational, so if you can just commit to me that you’ll look at?
Lutnick: That sounds sensible to me.
Murkowski: Another one that works on the safety side, and again it ties into our extraordinary oil resources. We have to move that oil by ship out of Valdez, it has to go through Prince William Sound, and they rely on the National Data Buoy Center to manage, not only the buoys there in Prince William Sound, but over a thousand buoys that are operated by both domestic and international partners. Right now, we have a buoy, the Seal Rocks Weather Buoy, that’s right outside of Valdez. But the tankers can’t leave Valdez unless they get the wave height information from the buoy, the weather buoy that’s sitting out there, right? This buoy has been out of commission for months, and we’re told it’s due to funding for operation and maintenance in NOAA’s budget.
Lutnick: It’s really old.
Murkowski: It is old!
Lutnick: It needs to be replaced! Oh my god, if I showed you what that looked like, you and I would hold our heads in our hands.
Murkowski: We all look at them, and the problem it’s not just the buoy out there at Seal Rock, it is this system, this constellation, that is designed to be the information source, the protectorate for the safety. So, let’s work on this, but I highlight how….
Lutnick: How to modernize it, we’ve got to.
Murkowski: I highlight because we’ve got some work to do, but it all knits together. So, I’ve highlighted a couple of specific instances….
Lutnick: I promise you, we are in it together. I promise I agree with you.
Murkowski: I won’t make you go out there, if you’ll commit to me that we’re going to upgrade these systems. But in the meantime, we’re going to get them operational, so that we’re not compromising safety.
Lutnick: Absolutely.
Murkowski: I appreciate it. Thank you, Mr. Chairman.
Translation. Region: Russian Federal
Source: People’s Republic of China in Russian – People’s Republic of China in Russian –
Source: People’s Republic of China – State Council News
On April 21, the Brazilian magazine Forum published an article by Rafael Henrique Zebetto entitled “Understanding China’s People’s Democracy in the Whole Process in Practice.”
On April 17 this year, I attended a meeting with Beijing government officials in our local area along with four other foreign colleagues. The officials wanted to hear our experiences, observations, and suggestions so as to better understand the actual situation of foreign experts in the city, identify existing problems, and improve relevant policies based on these. Such meetings are a common practice in China’s daily life: officials at various levels regularly communicate with representatives from various walks of life to learn about the difficulties people face and collect suggestions for solutions. This is an important part of China’s people’s democracy in the whole process.
How is people’s democracy in the whole process put into practice? In my early years in China, I closely followed the progress of poverty alleviation work. I even had the opportunity to visit the most remote and poorest parts of the country to observe the process first-hand.
One village woman in Xinjiang managed to escape poverty by opening a guesthouse with the support of the local government. She shared her extraordinary story with me. The woman spoke only Uyghur, while most of her guests were from eastern China and spoke Putonghua (standardized Mandarin). To communicate with her guests, she turned to the local grassroots organization of the Chinese Communist Party, which provided her with a volunteer translator.
These grassroots organizations create a great advantage in the system of state governance because they are able to formulate policies that take into account local needs, have a deep understanding of local problems and development prospects, and maintain close and constant contact with the people.
In addition, Chinese citizens have channels to approach government bodies with questions, criticism, and suggestions. For example, the 12345 hotline in some major cities provides service in foreign languages. In addition to the work of grassroots committees and feedback channels, the government also organizes thematic forums in which officials discuss with representatives of various sectors of society the challenges and difficulties associated with the provision of public services. In addition, various surveys are regularly conducted to collect data for the subsequent development and improvement of specific policies.
People’s democracy in the whole process encourages the participation of the Chinese people, promotes social harmony and brings tangible results.
Translation. Region: Russian Federal
Source: People’s Republic of China in Russian – People’s Republic of China in Russian –
Source: People’s Republic of China – State Council News
BEIJING, June 5 (Xinhua) — An earthquake with a magnitude of 5.0 jolted Eryuan County, Dali Bai Autonomous Prefecture, southwest China’s Yunnan Province at 4:31 a.m. Thursday Beijing time, the China Earthquake Networks Center said.
The epicenter of the earthquake was located at a point with coordinates 26.26 degrees north latitude and 100.03 degrees east longitude. The source was located at a depth of 10 km.
According to local residents, the tremors were clearly felt in Eryuan County, Dali City and Heqing County. The emergency response mode was immediately launched by the Eryuan County authorities. The aftermath of the natural disaster is being investigated. -0-
Source: The Conversation – Global Perspectives – By Matthew Sussex, Associate Professor (Adj), Griffith Asia Institute; and Fellow, Strategic and Defence Studies Centre, Australian National University
The iconoclastic American general Douglas Macarthur once said that “wars are never won in the past”.
That sentiment certainly seemed to ring true following Ukraine’s recent audacious attack on Russia’s strategic bomber fleet, using small, cheap drones housed in wooden pods and transported near Russian airfields in trucks.
The synchronised operation targeted Russian Air Force planes as far away as Irkutsk – more than 5,000 kilometres from Ukraine. Early reports suggest around a third of Russia’s long-range bombers were either destroyed or badly damaged. Russian military bloggers have put the estimated losses lower, but agree the attack was catastrophic for the Russian Air Force, which has struggled to adapt to Ukrainian tactics.
This particular attack was reportedly 18 months in the making. To keep it secret was an extraordinary feat. Notably, Kyiv did not inform the United States that the attack was in the offing. The Ukrainians judged – perhaps understandably – that sharing intelligence on their plans could have alerted the Kremlin in relatively short order.
Ukraine’s success once again demonstrates that its armed forces and intelligence services are the modern masters of battlefield innovation and operational security.
Western military planners have been carefully studying Ukraine’s successes ever since its forces managed to blunt Russia’s initial onslaught deep into its territory in early 2022, and then launched a stunning counteroffensive that drove the Russian invaders back towards their original starting positions.
There have been other lessons, too, about how the apparently weak can stand up to the strong. These include:
attacks on Russian President Vladimir Putin’s vanity project, the Kerch Bridge, linking the Russian mainland to occupied Crimea (the last assault occurred just days ago)
the relentless targeting of Russia’s oil and gas infrastructure with drones
attacks against targets in Moscow to remind the Russian populace about the war, and
its incursion into the Kursk region, which saw Ukrainian forces capture around 1,000 square kilometres of Russian territory.
On each occasion, Western defence analysts have questioned the wisdom of Kyiv’s moves.
Why invade Russia using your best troops when Moscow’s forces continue laying waste to cities in Ukraine?
Why hit Russia’s energy infrastructure if it doesn’t markedly impede the battlefield mobility of Russian forces?
And why attack symbolic targets like bridges when it could provoke Putin into dangerous “escalation”?
The answer to this is the key to effective innovation during wartime. Ukraine’s defence and security planners have interpreted their missions – and their best possible outcomes – far more accurately than conventional wisdom would have thought.
Above all, they have focused on winning the war they are in, rather than those of the past. This means:
using technological advancements to force the Russians to change their tactics
shaping the information environment to promote their narratives and keep vital Western aid flowing, and
deploying surprise attacks not just as ways to boost public morale, but also to impose disproportionate costs on the Russian state.
In doing so, Ukraine has had an eye for strategic effects. As the smaller nation reliant on international support, this has been the only logical choice.
Putin has been prepared to commit a virtually inexhaustible supply of expendable cannon fodder to continue his country’s war ad infinitum. Russia has typically won its wars this way – by attrition – albeit at a tremendous human and material cost.
That said, Ukraine’s most recent surprise attack does not change the overall contours of the war. The only person with the ability to end it is Putin himself.
That’s why Ukraine is putting as much pressure as possible on his regime, as well as domestic and international perceptions of it. It is key to Ukraine’s theory of victory.
This is also why the latest drone attack is so significant. Russia needs its long-range bomber fleet, not just to fire conventional cruise missiles at Ukrainian civilian and infrastructure targets, but as aerial delivery systems for its strategic nuclear arsenal.
The destruction of even a small portion of Russia’s deterrence capability has the potential to affect its nuclear strategy. It has increasingly relied on this strategy to threaten the West.
A second impact of the attack is psychological. The drone attacks are more likely to enrage Putin than bring him to the bargaining table. However, they reinforce to the Russian military that there are few places – even on its own soil – that its air force can act with operational impunity.
The surprise attacks also provide a shot in the arm domestically, reminding Ukrainians they remain very much in the fight.
Finally, the drone attacks send a signal to Western leaders. US President Donald Trump and Vice President JD Vance, for instance, have gone to great lengths to tell the world that Ukraine is weak and has “no cards”. This action shows Kyiv does indeed have some powerful cards to play.
That may, of course, backfire: after all, Trump is acutely sensitive to being made to look a fool. He may look unkindly at resuming military aid to Ukraine after being shown up for saying Ukrainian President Volodymyr Zelensky would be forced to capitulate without US support.
But Trump’s own hubris has already done that for him. His regular claims that a peace deal is just weeks away have gone beyond wishful thinking and are now monotonous.
Unsurprisingly, Trump’s reluctance to put anything approaching serious pressure on Putin has merely incentivised the Russian leader to string the process along.
Indeed, Putin’s insistence on a maximalist victory, requiring Ukrainian demobilisation and disarmament without any security guarantees for Kyiv, is not diplomacy at all. It is merely the reiteration of the same unworkable demands he has made since even before Russia’s full-scale invasion in February 2022.
However, Ukraine’s ability to smuggle drones undetected onto an opponent’s territory, and then unleash them all together, will pose headaches for Ukraine’s friends, as well as its enemies.
That’s because it makes domestic intelligence and policing part of any effective defence posture. It is a contingency democracies will have to plan for, just as much as authoritarian regimes, who are also learning from Ukraine’s lessons.
In other words, while the attack has shown up Russia’s domestic security services for failing to uncover the plan, Western security elites, as well as authoritarian ones, will now be wondering whether their own security apparatuses would be up to the job.
The drone strikes will also likely lead to questions about how useful it is to invest in high-end and extraordinarily expensive weapons systems when they can be vulnerable. The Security Service of Ukraine estimates the damage cost Russia US$7 billion (A$10.9 billion). Ukraine’s drones, by comparison, cost a couple of thousand dollars each.
At the very least, coming up with a suitable response to those challenges will require significant thought and effort. But as Ukraine has repeatedly shown us, you can’t win wars in the past.
Matthew Sussex has received funding from the Australian Research Council, the Atlantic Council, the Fulbright Foundation, the Carnegie Foundation, the Lowy Institute and various Australian government departments and agencies.
– ref. The secret to Ukraine’s battlefield successes against Russia – it knows wars are never won in the past – https://theconversation.com/the-secret-to-ukraines-battlefield-successes-against-russia-it-knows-wars-are-never-won-in-the-past-258172
Source: People’s Republic of China – State Council News
U.S. President Donald Trump disclosed Wednesday that Russian President Vladimir Putin told him that Moscow would “have to respond” to the massive Ukrainian drone attacks on Russia’s strategic air bases days ago.
Trump wrote in a post on his Truth Social account that he finished a phone call with Putin and discussed the attacks on June 1. It was the first time the U.S. president publicly talked about the operation that Ukrainian President Volodymyr Zelensky touted being directed by himself.
“We discussed the attack on Russia’s docked airplanes, by Ukraine, and also various other attacks that have been taking place by both sides… President Putin did say, and very strongly, that he will have to respond to the recent attack on the airfields,” Trump wrote.
He said the Wednesday call lasted approximately one hour and 15 minutes, noting “It was a good conversation, but not a conversation that will lead to immediate Peace.”
Source: IMF – News in Russian
June 4, 2025
Washington, DC: Following the successful conclusion of Stand-by (SBA) and Resilience and Sustainability Facility (RSF) arrangements on May 24, 2025, the Kosovo authorities have made use of SDR 80.122 million (€96.22 million) available under the SBA, approved on May 25, 2023.
The authorities will use the drawing to build buffers against potential shortfalls in external financing in a context of heightened uncertainty, as foreshadowed in their Letter of Intent of April 30, 2025 (see IMF Country Report No. 2025/112).
Kosovo’s SBA and RSF arrangements provided access to SDR 80.122 million (€96.22 million, 97 percent of quota) and to SDR 61.95 million (€74.39 million, 75 percent of quota) respectively, to support Kosovo’s economic policies. Together with the SBA drawdown and already disbursed RSF resources, Kosovo will have outstanding IMF credit of SDR 142.07 million (€170.61 million).
PRESS OFFICER: Camila Perez
Phone: +1 202 623-7100Email: MEDIA@IMF.org
https://www.imf.org/en/News/Articles/2025/06/04/pr25181-kosovo-draws-sdr-80-million-under-the-stand-by-arrangement
Source: Eastern Economic Forum
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If you received an invitation or your application to attend a Roscongress Foundation event in 2020 (Russia House in Davos, Russian Investment Forum, St. Petersburg International Economic Forum) was approved by the relevant Organizing Committee, you can simply submit an application to participate in EEF 2020 through your Roscongress personal account, as your personal account has already been created. For more information, visit the Roscongress personal account section.
Your personal account login and password information, were previously sent to you by the email specified during registration. You can restore access to your account by calling the Forum information centre at: +7 (499) 7000 111.
Start off by accessing the ‘Events’ section of your account. In the ‘Upcoming’ section, select the Eastern Economic Forum from the list of events and then select the ‘Registration’ section. The application will automatically insert the data from your account profile.
Please review the passport data in your participation application carefully. If any of your data has changed since you have registered your account, please update those data points in your participation application. Please complete any empty fields and press the ‘Save’ button.
To edit the data in the general settings of your account, please contact our information centre at: +7 (499) 7000 111.
If you have not submitted an application to attend a Roscongress Foundation event in 2020 (Russia House in Davos, Russian Investment Forum, St. Petersburg International Economic Forum), you must apply through the participation application on the EEF 2020 website. Sometime after you have submitted your application, an email containing your login and password information for your Roscongress personal account will be sent to the email you provided in the application. For more information, visit the Roscongress personal account section.
Source: Eastern Economic Forum
4 June 2025
A delegation from the State of Qatar, led by Ambassador Extraordinary and Plenipotentiary Sheikh Ahmed Nasser Al-Thani, visited the Republic of Kalmykia as part of a fact-finding tour aimed at studying the region’s natural and tourism potential, as well as developing international cooperation in the field of environmental protection and sustainable development. The visit was the result of active work by the Qatari delegation at the Caucasus Investment Forum on 25–27 May, where issues related to the development of Russian-Qatari trade, economic, environmental and investment projects were discussed. During the visit Ambassador Extraordinary and Plenipotentiary of the State of Qatar Sheikh Ahmed Nasser Al-Thani met with Batu Khasikov, Head of the Republic of Kalmykia.
“Qatar rightfully holds a special place on the list of Russia’s strategic partners. Our relations are rooted in years of friendship, cooperation, and implementation of joint projects. For us, this visit is not just a sign of attention from our partners in Qatar, but a symbol of strengthened cooperation between our states. Kalmykia has unique natural resources, a rich cultural heritage and a desire for open international dialogue. Developing ties with one of the leading countries in the Persian Gulf opens up new horizons not only in the field of environmental protection and investment, but also in the humanitarian sphere, through the strengthening of cultural dialogue and mutual respect. The visit of the Qatari ambassador is an opportunity to introduce our friends to the region’s potential and meaningfully contribute to strengthening of our relationship,” noted Batu Khasikov, Head of the Republic of Kalmykia.
The visit included a tour of Kalmykia’s national parks, an introduction to the region’s unique ecosystems, such as the Black Earth Nature Reserve, singing sand dunes, the coast of Lake Rosovoye, as well as the region’s wildlife, including saigas, horses, and camels. The programme was designed to give participants a chance to get a feel for the soul of Kalmykia: guests got to not just see the region, but really experience its atmosphere and learn about the traditions and beauty that make Kalmykia so special.
“We express our sincere gratitude for the warm welcome and friendship of the people of Kalmykia. Today’s meeting reflects the bilateral efforts to strengthen friendly and neighbourly relations between the countries. The close and trusting relations between the leaders of our countries serve as a solid foundation for the implementation of joint projects in the fields of environment, sustainable development, and the exchange of tourist flows,” said Ambassador of the State of Qatar Ahmed Nasser Al-Thani.
It is important to note that the State of Qatar has been taking part in the St. Petersburg International Economic Forum (SPIEF) since 2021, when it participated as a guest country. This status opens up broad opportunities for deepening economic, cultural and tourism cooperation between the two countries. In 2025, a representative delegation from Qatar will also take part in the SPIEF, which will be held from 18 to 21 June. In addition, a Russia – Qatar business forum was held in Moscow in April, organized with the support of the Roscongress Foundation and government agencies of both countries. The event became an important platform for discussing promising areas of cooperation and strengthening business ties between the two countries.
The visit of the delegation from the State of Qatar to Kalmykia is an example of effective practice in getting to know Russian regions, which helps to reveal their unique natural and tourist potential. Such fact-finding tours create a foundation for promoting Russian tourist programmes in the global market, attract investment in regional infrastructure, and contribute to the recognition of Russian culture.
“We express our gratitude to the Ambassador of the State of Qatar for his visit to Kalmykia and for supporting friendly and neighbourly relations between our countries. It is very important to develop international cooperation and showcase the unique nature of Russian regions so that people from different countries can discover the beauty and richness of our country. Exchanging experience with foreign partners helps to introduce best practices in nature conservation and create eco-friendly tourist routes. For example, programmes are already being implemented in Kamchatka where tourists can see rare birds, enjoy the unique nature of the region, as well as learn about methods of protecting them, developed with the participation of international experts. Such cooperation helps to foster a responsible attitude towards nature and supports long-term efforts to preserve unique ecosystems,” emphasized Shukhrat Razakov, Advisor to the Director General for International Cooperation and Tourism at the Kamchatka Falcon Centre.
Such initiatives aimed at promoting regions and expanding tourism opportunities are reflected and supported by major professional platforms organized by the Roscongress Foundation. One such event is the Let’s Travel! Russian Tourism Forum, which will be held from 10 to 15 June 2025 at VDNKh in Moscow. This Forum brings together experts, regional representatives, and international partners. It provides a unique opportunity to present new routes, exchange experiences, and build effective cooperation for the development of domestic and international tourism.
Source: GlobeNewswire (MIL-OSI)
Record Services Revenues
WATERLOO, Ontario and ATLANTA, June 04, 2025 (GLOBE NEWSWIRE) — The Descartes Systems Group Inc. (TSX:DSG) (Nasdaq:DSGX) announced its financial results for its fiscal 2026 first quarter (Q1FY26). All financial results referenced are in United States (US) currency and, unless otherwise indicated, are determined in accordance with US Generally Accepted Accounting Principles (GAAP).
“Our first quarter of fiscal 2026 showed strong annual growth, consistent with our communicated plans,” said Edward J. Ryan, Descartes’ CEO. “This is a challenging and uncertain economic and trade environment for shippers, carriers and logistics services providers. They face challenges on how, when, or if, to react to changes in global trade relationships, tariffs, sanctions and economic forecasts. We continue to see strong interest in our domain expertise and our solutions to help companies navigate the complex trade landscape. We remain committed to growing our business with prudent investments and cost discipline to build the premier network and technology for logistics-intensive businesses.”
Q1FY26 Financial Results
As described in more detail below, key financial highlights for Descartes’ Q1FY26 included:
Adjusted EBITDA and Adjusted EBITDA as a percentage of revenues are non-GAAP financial measures provided as a complement to financial results presented in accordance with GAAP. We define Adjusted EBITDA as earnings before interest, taxes, depreciation, amortization, stock-based compensation (for which we include related fees and taxes) and other charges (for which we include restructuring charges, acquisition-related expenses, and contingent consideration incurred due to better-than-expected performance from acquisitions). These items are considered by management to be outside Descartes’ ongoing operational results. We define Adjusted EBITDA as a percentage of revenues as the quotient, expressed as a percentage, from dividing Adjusted EBITDA for a period by revenues for the corresponding period. A reconciliation of Adjusted EBITDA and Adjusted EBITDA as a percentage of revenues to net income determined in accordance with GAAP is provided later in this release.
The following table summarizes Descartes’ results in the categories specified below over the past 5 fiscal quarters (unaudited; dollar amounts, other than per share amounts, in millions):
| Q1 FY26 |
Q4 FY25 |
Q3 FY25 |
Q2 FY25 |
Q1 FY25 |
|
| Revenues | 168.7 | 167.5 | 168.8 | 163.4 | 151.3 |
| Services revenues | 156.6 | 156.5 | 149.7 | 146.2 | 137.8 |
| Gross margin | 76% | 76% | 74% | 75% | 77% |
| Cash provided by operating activities | 53.6 | 60.7 | 60.1 | 34.7 | 63.7 |
| Income from operations | 46.2 | 47.1 | 45.8 | 45.9 | 42.4 |
| Net income | 36.2 | 37.4 | 36.6 | 34.7 | 34.7 |
| Net income as a % of revenues | 21% | 22% | 22% | 21% | 23% |
| Earnings per diluted share | 0.41 | 0.43 | 0.42 | 0.40 | 0.40 |
| Adjusted EBITDA | 75.1 | 75.0 | 72.1 | 70.6 | 67.0 |
| Adjusted EBITDA as a % of revenues | 45% | 45% | 43% | 43% | 44% |
Cash Position
At April 30, 2025, Descartes had $176.4 million in cash. Cash decreased by $59.7 million in Q1FY26. The table set forth below provides a summary of cash flows for Q1FY26 in millions of dollars:
| Q1FY26 | |
| Cash provided by operating activities | 53.6 |
| Additions to property and equipment | (1.9) |
| Acquisitions of subsidiaries, net of cash acquired | (112.3) |
| Issuances of common shares, net of issuance costs | 3.6 |
| Payment of withholding taxes on net share settlements | (6.5) |
| Effect of foreign exchange rate on cash | 3.8 |
| Net change in cash | (59.7) |
| Cash, beginning of period | 236.1 |
| Cash, end of period | 176.4 |
Acquisition of 3GTMS
On March 24, 2025, Descartes acquired all of the shares of 3GTMS, a leading provider of transportation management solutions. The purchase price for the acquisition was approximately $112.7 million, net of cash acquired, which was funded from cash on hand.
Cost Reduction Initiatives
Considering the economic and global trade uncertainty many Descartes customers are facing, Descartes has undertaken cost reduction initiatives designed to reduce its cost base. The plan is designed to reduce Descartes’ global workforce by approximately 7% and eliminate various other operating expenses. As a result, Descartes expects to incur restructuring charges of approximately $4 million in the second quarter of fiscal 2026 (Q2FY26), which will also impact cash generated from operations in Q2FY26. Once completed, Descartes anticipates annualized cost savings of approximately $15 million.
Management Update
Descartes is pleased to announce the appointment of William Green as Executive Vice President, Global Sales. Mr. Green has served as Descartes’ Senior Vice President for North American Sales since August 2020. Mr. Green has previously held senior commercial roles at Salesforce, PROLIFIQ and CDC Software (now Aptean). “We’re excited for Bill to extend his leadership of our growth successes in North America to our global commercial operations,” said Mr. Ryan.
Andrew Roszko, Descartes’ Chief Commercial Officer, will depart the company in Q2FY26 to pursue another opportunity. Mr. Roszko was appointed EVP Global Sales in February 2019 and appointed Chief Commercial Officer in June 2022. “Andrew has been a valuable contributor to Descartes’ commercial development. We wish him well in his future endeavors,” said Mr. Ryan.
Conference Call
Members of Descartes’ executive management team will host a conference call to discuss the company’s financial results at 5:30 p.m. ET on Wednesday, June 4. Designated numbers are +1 289 514 5100 for North America and +1 800 717 1738 for international, using conference ID 26605.
The company will simultaneously conduct an audio webcast on the Descartes website at www.descartes.com/descartes/investor-relations. Phone conference dial-in or webcast login is required approximately 10 minutes beforehand.
Replays of the conference call will be available until June 11, 2025, by dialing +1 289 819 1325 or Toll-Free for North America using +1 888 660 6264 with Playback Passcode: 26605#. An archived replay of the webcast will be available at www.descartes.com/descartes/investor-relations.
About Descartes
Descartes (Nasdaq:DSGX) (TSX:DSG) is the global leader in providing on-demand, software-as-a-service solutions focused on improving the productivity, security and sustainability of logistics-intensive businesses. Customers use our modular, software-as-a-service solutions to route, track and help improve the safety, performance and compliance of delivery resources; plan, allocate and execute shipments; rate, audit and pay transportation invoices; access global trade data; file customs and security documents for imports and exports; and complete numerous other logistics processes by participating in the world’s largest, collaborative multimodal logistics community. Our headquarters are in Waterloo, Ontario, Canada and we have offices and partners around the world. Learn more at www.descartes.com, and connect with us on LinkedIn and X (Twitter).
Descartes Investor Contact
Laurie McCauley
(519) 746-2969
investor@descartes.com
Cautionary Statement Regarding Forward-Looking Statements This release may contain forward-looking information within the meaning of applicable securities laws (“forward-looking statements”) that relates to Descartes’ expectations concerning future revenues and earnings, and our projections for any future reductions in expenses or growth in margins and generation of cash; our assessment of the potential impact of geopolitical events, such as the ongoing conflict between Russia and Ukraine (the “Russia-Ukraine Conflict”), and between Israel and Hamas (“Israel-Hamas Conflict”), or other potentially catastrophic events, on our business, results of operations and financial condition; our assessment of the potential impact of tariffs, sanctions and other actions by individual countries on global trade and our business; continued growth and acquisitions including our assessment of any increased opportunity for our products and services as a result of trends in the logistics and supply chain industries; rate of profitable growth and Adjusted EBITDA margin operating range; demand for Descartes’ solutions; growth of Descartes’ Global Logistics Network (“GLN”); customer buying patterns; customer expectations of Descartes; development of the GLN and the benefits thereof to customers; and other matters. These forward-looking statements are based on certain assumptions including the following: global shipment volumes continuing at levels generally consistent with those experienced historically; the Russia-Ukraine Conflict and Israel-Hamas Conflict not having a material negative impact on shipment volumes or on the demand for the products and services of Descartes by its customers and the ability of those customers to continue to pay for those products and services; countries continuing to implement and enforce existing and additional customs and security regulations relating to the provision of electronic information for imports and exports; countries continuing to implement and enforce existing and additional trade restrictions and sanctioned party lists with respect to doing business with certain countries, organizations, entities and individuals; Descartes’ continued operation of a secure and reliable business network; the stability of general economic and market conditions, currency exchange rates, and interest rates; equity and debt markets continuing to provide Descartes with access to capital; Descartes’ continued ability to identify and source attractive and executable business combination opportunities; Descartes’ ability to develop solutions that keep pace with the continuing changes in technology, and our continued compliance with third party intellectual property rights. These assumptions may prove to be inaccurate. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Descartes, or developments in Descartes’ business or industry, to differ materially from the anticipated results, performance or achievements or developments expressed or implied by such forward-looking statements. Such factors include, but are not limited to, Descartes’ ability to successfully identify and execute on acquisitions and to integrate acquired businesses and assets, and to predict expenses associated with and revenues from acquisitions; the impact of network failures, information security breaches or other cyber-security threats; disruptions in the movement of freight and a decline in shipment volumes including as a result of the impact of current and future trade barriers, including tariffs, further protectionist measures and reactive countermeasure or contagious illness outbreaks; a deterioration of general economic conditions or instability in the financial markets accompanied by a decrease in spending by our customers; the ability to attract and retain key personnel and the ability to manage the departure of key personnel and the transition of our executive management team; changes in trade or transportation regulations that currently require customers to use services such as those offered by Descartes; changes in customer behaviour and expectations; Descartes’ ability to successfully design and develop enhancements to our products and solutions; departures of key customers; the impact of foreign currency exchange rates; Descartes’ ability to retain or obtain sufficient capital in addition to its debt facility to execute on its business strategy, including its acquisition strategy; disruptions in the movement of freight; the potential for future goodwill or intangible asset impairment as a result of other-than-temporary decreases in Descartes’ market capitalization; and other factors and assumptions discussed in the section entitled, “Certain Factors That May Affect Future Results” in documents filed with the Securities and Exchange Commission, the Ontario Securities Commission and other securities commissions across Canada, including Descartes’ most recently filed Management’s Discussion and Analysis. If any such risks actually occur, they could materially adversely affect our business, financial condition or results of operations. In that case, the trading price of our common shares could decline, perhaps materially. Readers are cautioned not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. Forward-looking statements are provided for the purpose of providing information about management’s current expectations and plans relating to the future. Readers are cautioned that such information may not be appropriate for other purposes. We do not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in our expectations or any change in events, conditions or circumstances on which any such statement is based, except as required by law.
Reconciliation of Non-GAAP Financial Measures – Adjusted EBITDA and Adjusted EBITDA as a percentage of revenues
We prepare and release quarterly unaudited and annual audited financial statements prepared in accordance with GAAP. We also disclose and discuss certain non-GAAP financial information, used to evaluate our performance, in this and other earnings releases and investor conference calls as a complement to results provided in accordance with GAAP. We believe that current shareholders and potential investors in our company use non-GAAP financial measures, such as Adjusted EBITDA and Adjusted EBITDA as a percentage of revenues, in making investment decisions about our company and measuring our operational results.
The term “Adjusted EBITDA” refers to a financial measure that we define as earnings before certain charges that management considers to be non-operating expenses and which consist of interest, taxes, depreciation, amortization, stock-based compensation (for which we include related fees and taxes) and other charges (for which we include restructuring charges, acquisition-related expenses, and contingent consideration incurred due to better-than-expected performance from acquisitions). Adjusted EBITDA as a percentage of revenues divides Adjusted EBITDA for a period by the revenues for the corresponding period and expresses the quotient as a percentage.
Management considers these non-operating expenses to be outside the scope of Descartes’ ongoing operations and the related expenses are not used by management to measure operations. Accordingly, these expenses are excluded from Adjusted EBITDA, which we reference to both measure our operations and as a basis of comparison of our operations from period-to-period. Management believes that investors and financial analysts measure our business on the same basis, and we are providing the Adjusted EBITDA financial metric to assist in this evaluation and to provide a higher level of transparency into how we measure our own business. However, Adjusted EBITDA and Adjusted EBITDA as a percentage of revenues are non-GAAP financial measures and may not be comparable to similarly titled measures reported by other companies. Adjusted EBITDA and Adjusted EBITDA as a percentage of revenues should not be construed as a substitute for net income determined in accordance with GAAP or other non-GAAP measures that may be used by other companies, such as EBITDA. The use of Adjusted EBITDA and Adjusted EBITDA as a percentage of revenues does have limitations. In particular, we have completed six acquisitions since the beginning of fiscal 2025 and may complete additional acquisitions in the future that will result in acquisition-related expenses and restructuring charges. As these acquisition-related expenses and restructuring charges may continue as we pursue our consolidation strategy, some investors may consider these charges and expenses as a recurring part of operations rather than expenses that are not part of operations.
The table below reconciles Adjusted EBITDA and Adjusted EBITDA as a percentage of revenues to net income reported in our unaudited Consolidated Statements of Operations for Q1FY26, Q4FY25, Q3FY25, Q2FY25, and Q1FY25, which we believe is the most directly comparable GAAP measure.
| Q1FY26 | Q4FY25 | Q3FY25 | Q2FY25 | Q1FY25 | |
| Net income, as reported on Consolidated Statements of Operations | 36.2 | 37.4 | 36.6 | 34.7 | 34.7 |
| Adjustments to reconcile to Adjusted EBITDA: | |||||
| Interest expense | 0.2 | 0.2 | 0.2 | 0.2 | 0.3 |
| Investment income | (1.9) | (1.9) | (2.9) | (2.7) | (4.1) |
| Income tax expense | 11.7 | 11.4 | 11.9 | 13.6 | 11.5 |
| Depreciation expense | 1.5 | 1.5 | 1.4 | 1.4 | 1.4 |
| Amortization of intangible assets | 19.1 | 19.4 | 17.5 | 17.4 | 15.0 |
| Stock-based compensation and related taxes | 4.9 | 5.4 | 5.6 | 5.8 | 4.3 |
| Other charges | 3.4 | 1.6 | 1.8 | 0.2 | 3.9 |
| Adjusted EBITDA | 75.1 | 75.0 | 72.1 | 70.6 | 67.0 |
| Revenues | 168.7 | 167.5 | 168.8 | 163.4 | 151.3 |
| Net income as % of revenues | 21% | 22% | 22% | 21% | 23% |
| Adjusted EBITDA as % of revenues | 45% | 45% | 43% | 43% | 44% |
| The Descartes Systems Group Inc. Condensed Consolidated Balance Sheets (US dollars in thousands; US GAAP; Unaudited) |
||
| April 30, | January 31, | |
| 2025 | 2025 | |
| ASSETS | ||
| CURRENT ASSETS | ||
| Cash | 176,411 | 236,138 |
| Accounts receivable (net) | ||
| Trade | 60,456 | 53,953 |
| Other | 15,646 | 16,931 |
| Prepaid expenses and other | 43,100 | 45,544 |
| 295,613 | 352,566 | |
| OTHER LONG-TERM ASSETS | 27,366 | 24,887 |
| PROPERTY AND EQUIPMENT, NET | 13,944 | 12,481 |
| RIGHT-OF-USE ASSETS | 7,721 | 7,623 |
| DEFERRED INCOME TAXES | 4,867 | 3,802 |
| INTANGIBLE ASSETS, NET | 368,122 | 321,270 |
| GOODWILL | 992,257 | 924,755 |
| 1,709,890 | 1,647,384 | |
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||
| CURRENT LIABILITIES | ||
| Accounts payable | 23,154 | 20,650 |
| Accrued liabilities | 73,151 | 79,656 |
| Lease obligations | 3,402 | 3,178 |
| Income taxes payable | 9,535 | 9,313 |
| Deferred revenue | 109,608 | 104,230 |
| 218,850 | 217,027 | |
| LEASE OBLIGATIONS | 4,533 | 4,718 |
| DEFERRED REVENUE | 2,196 | 978 |
| INCOME TAXES PAYABLE | 6,540 | 5,531 |
| DEFERRED INCOME TAXES | 25,834 | 34,127 |
| 257,953 | 262,381 | |
| SHAREHOLDERS’ EQUITY | ||
| Common shares – unlimited shares authorized; Shares issued and outstanding totaled 85,782,830 at April 30, 2025 (January 31, 2025 – 85,605,969) | 574,816 | 568,339 |
| Additional paid-in capital | 498,092 | 503,133 |
| Accumulated other comprehensive loss | (21,243) | (50,497) |
| Retained earnings | 400,272 | 364,028 |
| 1,451,937 | 1,385,003 | |
| 1,709,890 | 1,647,384 | |
| The Descartes Systems Group Inc. Consolidated Statements of Operations (US dollars in thousands, except per share and weighted average share amounts; US GAAP; Unaudited) |
||
| Three Months Ended | ||
| April 30, | April 30, | |
| 2025 | 2024 | |
| REVENUES | 168,739 | 151,348 |
| COST OF REVENUES (exclusive of amortization presented separately below) | 39,747 | 35,413 |
| GROSS MARGIN | 128,992 | 115,935 |
| EXPENSES | ||
| Sales and marketing | 18,850 | 17,471 |
| Research and development | 25,069 | 22,191 |
| General and administrative | 16,312 | 14,948 |
| Other charges | 3,449 | 3,918 |
| Amortization of intangible assets | 19,114 | 15,024 |
| 82,794 | 73,552 | |
| INCOME FROM OPERATIONS | 46,198 | 42,383 |
| INTEREST EXPENSE | (236) | (273) |
| INVESTMENT INCOME | 1,962 | 4,059 |
| INCOME BEFORE INCOME TAXES | 47,924 | 46,169 |
| INCOME TAX EXPENSE (RECOVERY) | ||
| Current | 12,251 | 12,318 |
| Deferred | (571) | (816) |
| 11,680 | 11,502 | |
| NET INCOME | 36,244 | 34,667 |
| EARNINGS PER SHARE | ||
| Basic | 0.42 | 0.41 |
| Diluted | 0.41 | 0.40 |
| WEIGHTED AVERAGE SHARES OUTSTANDING (thousands) | ||
| Basic | 85,677 | 85,274 |
| Diluted | 87,577 | 87,116 |
| The Descartes Systems Group Inc. Condensed Consolidated Statements of Cash Flows (US dollars in thousands; US GAAP; Unaudited) |
||
| Three Months Ended | ||
| April 30, | April 30, | |
| 2025 | 2024 | |
| OPERATING ACTIVITIES | ||
| Net income | 36,244 | 34,667 |
| Adjustments to reconcile net income to cash provided by operating activities: | ||
| Depreciation | 1,450 | 1,358 |
| Amortization of intangible assets | 19,114 | 15,024 |
| Stock-based compensation expense | 4,366 | 3,769 |
| Other non-cash operating activities | (34) | 96 |
| Deferred tax recovery | (571) | (816) |
| Changes in operating assets and liabilities | (6,966) | 9,643 |
| Cash provided by operating activities | 53,603 | 63,741 |
| INVESTING ACTIVITIES | ||
| Additions to property and equipment | (1,862) | (1,764) |
| Acquisition of subsidiaries, net of cash acquired | (112,327) | (139,973) |
| Cash used in investing activities | (114,189) | (141,737) |
| FINANCING ACTIVITIES | ||
| Payment of debt issuance costs | (38) | (38) |
| Issuance of common shares for cash, net of issuance costs | 3,558 | 4,231 |
| Payment of withholding taxes on net share settlements | (6,487) | (6,745) |
| Cash used in financing activities | (2,967) | (2,552) |
| Effect of foreign exchange rate changes on cash | 3,826 | (1,482) |
| Decrease in cash | (59,727) | (82,030) |
| Cash, beginning of period | 236,138 | 320,952 |
| Cash, end of period | 176,411 | 238,922 |
Translation. Region: Russian Federal
Source: People’s Republic of China in Russian – People’s Republic of China in Russian –
Source: People’s Republic of China – State Council News
BEIJING, June 4 (Xinhua) — Asia-Pacific countries do not welcome the North Atlantic Treaty Organization (NATO)’s involvement in the region, which certainly does not need an Asia-Pacific NATO, Chinese Foreign Ministry spokesman Lin Jian said at a regular briefing for journalists on Wednesday.
Lin Jian made the remarks in response to remarks made by a European leader at the recent Shangri-La Dialogue, who linked the Taiwan issue to Ukraine, mentioned the so-called “Chinese threat” in the South China Sea, and hinted that NATO had reason to “be involved” in the Asia-Pacific region.
A Chinese Foreign Ministry spokesman said China firmly opposes the remarks, noting that Taiwan is an inalienable part of Chinese territory and that the Taiwan question is entirely China’s internal affairs.
He said that the Taiwan question and the Ukrainian crisis are incomparable, and that China firmly opposes any remarks or actions aimed at confusing or distorting the essence of the Taiwan question. He called on relevant parties to firmly adhere to the one-China principle through practical actions and respect the sovereignty and territorial integrity of the PRC.
“The current situation in the South China Sea is generally stable. There is no problem with the freedom of navigation and overflight that countries enjoy in accordance with the law,” Lin Jian said.
He stressed that China has always advocated the proper resolution of maritime disputes and differences through negotiations and consultations with the countries directly concerned and on the basis of respect for historical facts.
“Countries outside the region should respect the efforts made by regional countries to maintain peace and stability in the South China Sea, instead of inciting differences and provoking conflicts,” Lin Jian added.
He recalled that NATO, as a regional defense organization, has no right to go beyond the geographical boundaries and mandate defined by its founding treaty. China firmly opposes NATO’s attempts to “move east” into the Asia-Pacific region, escalate tensions and create confrontation in it, and undermine peace and stability in the region and the world.
Stressing that Asia is the common home of China and other Asian countries, Lin Jian said it has maintained rapid growth in recent years and, through the joint efforts of countries in the region, has become an outpost of global growth and an oasis of peaceful development.
China has always been committed to the principles of goodwill, sincerity, mutual benefit and inclusiveness in its diplomacy towards neighboring countries, resolutely opposes bloc confrontation and has never sought the so-called “sphere of influence,” the Chinese diplomat said.
“Relevant parties should not make malicious guesses or sow discord among Asia-Pacific countries based on the Cold War mentality. Instead, they should do more to promote peace, stability and prosperity in the Asia-Pacific region,” the Chinese Foreign Ministry spokesman concluded. -0-
Translation. Region: Russian Federal
Source: People’s Republic of China in Russian – People’s Republic of China in Russian –
Source: People’s Republic of China – State Council News
BEIJING, June 4 (Xinhua) — State Council Taiwan Affairs Office spokesperson Zhu Fenglian on Wednesday condemned recent remarks by Taiwan Chief Executive Lai Qingde and the Democratic Progressive Party (DPP) leadership that denigrated the social system on the Chinese mainland.
In response to a question from the media, Zhu Fenglian said Lai Qingde and the DPP administration are maliciously slandering and attacking the Chinese mainland, trying to escalate the cross-shore confrontation and mislead international public opinion.
“Their intentions are extremely insidious and their methods are extremely unworthy,” Zhu Fenglian pointed out.
According to her, under the guise of slogans about “democracy,” they are trying to mislead the international community, in a vain attempt to challenge the international architecture based on the one-China principle.
Their actions completely violate the spirit of democracy, and the essence of their “fake democracy, real dictatorship” has long been visible to the world and condemned by Taiwanese compatriots, the official representative added. –0–
Translation. Region: Russian Federal
Source: People’s Republic of China in Russian – People’s Republic of China in Russian –
Source: People’s Republic of China – State Council News
NEW YORK, June 4 (Xinhua) — The U.S. Congressional Budget Office, a nonpartisan agency, on Wednesday released an analysis projecting that President Donald Trump’s tax cut bill will reduce tax revenues by $3.7 trillion, increasing the federal budget deficit by $2.4 trillion over the next decade.
The report, published on the agency’s website on June 4 but dated May 20, also projects that if the bill is passed, the number of people without health insurance would increase by 10.9 million, including 1.4 million people who are in the country without legal status and who use government-funded programs.
The document, which D. Trump and Republican lawmakers call a “big, beautiful” bill, was passed by the House of Representatives (lower chamber) of the US Congress with a narrow majority of votes and is currently awaiting consideration by the Senate (upper chamber). –0–
Translation. Region: Russian Federal
Source: Central Bank of Russia –
Bank of Russia draws attention credit institutions that shadow businesses (online casinos, cryptocurrency exchangers, financial pyramids, drug dealers, etc.) use corporate cards for their payments, which are issued to so-called technical companies.
In order to prevent such risks, the regulator recommends that banks analyze money transfers to corporate cards of technical companies from cards of individuals and vice versa.
Banks are also asked to implement online monitoring of client transactions to promptly identify droppers and technical companies. They must assess whether the analyzed clients have counterparties that have previously transferred money to droppers. If the risk is confirmed, the bank can introduce a limit on individual transactions for crediting money in favor of such a client, including outside working hours.
The Bank of Russia is publishing new methodological recommendations in addition to the existing ones tools on combating money laundering and terrorist financing.
Preview photo: Alexander Kazakov / TASS
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Translation. Region: Russian Federal
Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.
“The task of improving the health of the country’s water bodies was set by the President of Russia. Of course, the result of this work is of the utmost importance and determines the quality of life of people. Systematization of problems, development of individual action plans, control and on-site events allowed us to significantly increase the pace of implementation of projects for the construction and commissioning of treatment facilities. Of course, we must not only maintain this momentum, but also increase it. In addition to completing the construction, we must be sure that the commissioned facilities meet the regulatory indicators for wastewater treatment. To this end, Rosprirodnadzor regularly conducts inspections for each facility. Also, digital information and analytical resources of the incident operate around the clock for effective monitoring and timely management decisions,” said Dmitry Patrushev.
The Deputy Prime Minister emphasized that the established format of work has proven its effectiveness. As an example, a conclusion was recently received on reaching the standard indicators of two large-scale facilities – treatment facilities in Irkutsk and Shchyolkovo near Moscow. At the same time, the facility in Irkutsk became the flagship – it was the first in the Baikal natural territory to reach the purification standards.
Dmitry Patrushev noted that the experience gained will definitely be taken into account when implementing the national project “Ecological Well-being” launched in 2025. In particular, the competitive selection will be carried out on the basis of a comprehensive calculation of the effectiveness of each specific project, and the treatment facility will be considered commissioned only after receiving a positive conclusion from Rosprirodnadzor. To strengthen the responsibility of the subjects of the Russian Federation for the quality of project implementation, the bar for regional co-financing will be raised.
The Deputy Prime Minister reported that over the past year, important changes have been made to the regulatory framework for the construction and operation of treatment facilities. In May, the Government approved rules that gave regions the opportunity to establish fishery standards for water quality, taking into account the specifics of individual water bodies. A regulation on interdepartmental interaction in the construction of treatment facilities has also been developed.
Following the meeting, the Deputy Prime Minister instructed federal agencies to conduct a series of training seminars with the regions to provide the necessary methodological assistance, including explaining the procedure for selecting projects for participation in the new national project “Environmental Well-Being”. The practice of on-site events to monitor the work will continue.
Incident No. 55 “Wastewater Treatment Facilities” was created on June 15, 2024 to coordinate work on the construction and reconstruction of wastewater treatment facilities implemented within the framework of the national project “Ecology”, as well as to ensure the operation of these facilities with the achievement of the parameters of standard wastewater treatment. Currently, work is being considered at 145 facilities in 19 regions.
When working in the incident format, a special project management system is used, which is deployed on the basis of the Government Coordination Center. It allows for prompt coordination of the actions of participants and monitoring of project implementation in real time.
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Translation. Region: Russian Federal
Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.
Deputy Prime Minister – Chief of the Government Staff Dmitry Grigorenko presented the results of monitoring the IT industry for 2024. The presentation took place as part of a meeting with digital transformation leaders at the Digital Industry of Industrial Russia conference in Nizhny Novgorod.
“Today, digital is everywhere – in public administration, the economy, the social sphere. And the basis of these changes is the developments of our IT companies. The IT industry is actively developing. This is evident, among other things, from the solutions presented at CIPR. At the same time, there was previously no reliable and unified model for assessing the industry that would show the real picture and dynamics. We presented an approach based on departmental data on accredited IT companies. It has been verified by businesses and specialized institutes. Thus, the contribution of the IT industry to Russia’s GDP in terms of gross value added was 6%. This is many times more than previously presented estimates, because they did not include data on large technology companies with a non-core OKVED code. Based on comprehensive and regular monitoring of the IT industry, it is also proposed to analyze the effectiveness of government support measures,” said Dmitry Grigorenko.
In the developed methodology, the IT industry is understood as a set of companies included in the register of accredited organizations operating in the field of information technology (register of IT companies). Aggregated data from the Federal Tax Service, as well as data from the Ministry of Digital Development, the Bank of Russia, the Federal Customs Service and Rosstat are used to monitor the IT industry.
An independent methodology for assessing the IT industry was developed by ANO Digital Economy with the support of the Ministry of Digital Development. According to the results of 2024, the contribution of accredited IT companies to the Russian economy amounted to 6%. The IT industry is actively supported by the state, and for every ruble of state support invested, 2 rubles were received in taxes.
Monitoring is planned to be carried out on an ongoing basis with the possibility of expanding the list of indicators.
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Translation. Region: Russian Federal
Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.
The restoration of motorways in the reunited regions is proceeding at an active pace, taking into account both the strategic importance of the backbone network of highways and the demand for inter-municipal and intra-city roads. Over 5 thousand km have already been repaired, Deputy Prime Minister Marat Khusnullin reported.
“Last week, Prime Minister Mikhail Mishustin signed an order to allocate more than 7.6 billion rubles to the budgets of the DPR, LPR, Zaporizhzhya and Kherson regions for road repairs. This will allow us to bring another 240 km up to standard. At the same time, to date, in the reunited regions, we have made high-quality road surfaces on more than 5 thousand km. Now, for example, under the supervision of Avtodor, asphalt laying has been completed on two more highways in the Kherson region,” said Marat Khusnullin.
The Deputy Prime Minister added that the first road, more than 50 km long through the settlement of Ivanovka, connects two strategic highways: Odessa – Melitopol – Novoazovsk and R-280 “Novorossiya”. The second – Novaya Kakhovka – Armyansk – goes from Chaplinka and adjoins the Odessa – Melitopol – Novoazovsk road.
“In general, we have good readiness of roads in the Kherson region according to the 2025 program. More than 125 km of the lower layer and about 120 km of the upper layer of asphalt concrete have been laid. In fact, the current year’s program in the region has been completed by about 70%. Now the main focus will be on the arrangement of roads: marking, installing barrier fencing, sidewalks and bus stops for local residents will be provided in certain areas. Currently, about 150 people and more than 230 units of equipment are involved in the Kherson region,” said Vyacheslav Petushenko, Chairman of the Board of the state-owned company Avtodor.
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