CGTN: How China boosts high-quality development, high-efficiency governance for modernization drive

CGTN published an article on Chinese President Xi Jinping’s inspection tour of central China’s Henan Province. Focusing on the province’s efforts to boost high–quality development and enhance governance efficiency, the article highlights the Chinese president’s emphasizing that high–quality development is fundamental to advancing Chinese modernization.

BEIJING, May 21, 2025 (GLOBE NEWSWIRE) — Located in Luoyang in central China's Henan Province, Luoyang Bearing Group Co., Ltd. is a traditional manufacturing firm that has invested heavily in scientific and technological research and made significant progress in industrial upgrading in recent years.

The firm has built a leading domestic bearing test platform for aerospace, wind power generation, high–speed railways, and new energy vehicles and has realized full digitalization of products from design, material selection, and production to delivery by applying technologies such as 5G Industrial Internet of Things.

During the 14th Five–Year Plan (2021–2025) period, the firm made 13 sci–tech achievements that reached international standards. Its wind turbine main bearings now hold over 40 percent of the domestic market share.

“Modern manufacturing relies on sci–tech empowerment,” Chinese President Xi Jinping said on Monday while visiting the enterprise during an inspection tour of the province, calling for greater efforts in the quest for core technological breakthroughs and pursuit of a path of independent innovation.

He underscored unwavering confidence in boosting high–quality development and enhancing governance efficiency, urging Henan to open a new chapter in advancing Chinese modernization.

Boosting high–quality development

By the end of 2023, Henan had become home to approximately 10.94 million business entities of various types. Several of them have continuously created new momentum for development by focusing on building a green, low–carbon and circular economic system, effectively reducing the resource and environmental costs of development and enhancing their development potential.

The province has unveiled 27 provincial laboratories and six provincial industrial technology research institutes, which have become important platforms for developing new quality productive forces.

The 27 laboratories focus on multiple cutting–edge fields, such as new materials, new energy, biomedicine, food technology and nanobiology. They have also integrated production, study, research and application, playing a major role in transforming and upgrading traditional industries and the high–quality development of strategic emerging industries.

There are 12,000 high–tech enterprises in the province, and the annual average growth rate of technology contract transaction volume has reached 62.3 percent.

The province has recently issued an action plan for promoting high–quality development of the private economy, aimed at increasing support for private enterprises in areas such as transformation and upgrade, innovation, market development, talent introduction, and investment for research and development.

Guided by sci–tech innovation, the province should develop new quality productive forces in line with local conditions and enhance the support for the modern industrial system to promote high–quality development, Xi said.

During the inspection tour, Xi also visited the White Horse Temple, originally built during the Eastern Han Dynasty (25–220), and the Longmen Grottoes, an over 1,500–year–old UNESCO World Heritage site, learning about local efforts to preserve and inherit Chinese culture.

Xi said the integration of culture and tourism holds great potential and requires effort to promote the high–quality development of the sector and turn it into a pillar industry that benefits the people and enriches their lives.

Enhancing governance efficiency

In late April, Xi presided over a symposium on China's economic and social development in the 15th Five–Year Plan (2026–2030) period, where he urged greater emphasis on ensuring both development and security and promoting the positive interaction between high–quality development and high–level security through high–efficiency governance.

Henan Province has continued to improve the level of law–based practice, intelligence and professionalism of grassroots governance and enhanced people's sense of gain, happiness and security.

Empowered by smart governance, local governments are improving the quality of public services. For example, the use of artificial intelligence has enabled local governments to collect, organize, and categorize queries related to people's livelihoods faster and offer solutions more efficiently.

The province has also taken concrete measures to rectify pointless formalities and bureaucracy to effectively reduce the burden on the grassroots by standardizing village (community) work affairs, procedures and certification matters.

Beyond Henan, the country has rapidly advanced e–governance, introducing one–stop government service platforms and virtual public services to enhance administrative efficiency and modernize governance.

Emphasizing the need to enhance social governance, Xi urged efforts to improve public service levels, give full play to the role of the rule of law in regulating and safeguarding social governance, and enhance comprehensive prevention and control measures to ensure social security.

For more information, please click:
https://news.cgtn.com/news/2025–05–20/How–China–boosts–high–quality–development–high–efficiency–governance–1DwZSmLcH7i/p.html


GLOBENEWSWIRE (Distribution ID 9455522)

The Country with the Lowest Fertility?

Most countries with low fertility rates are expected to experience population decline and demographic ageing throughout the remaining decades of the 21st century. Credit: Shutterstock

Most countries with low fertility rates are expected to experience population decline and demographic ageing throughout the remaining decades of the 21st century. Credit: Shutterstock

By Joseph Chamie
PORTLAND, USA, May 21 2025 – Many countries around the world have a fertility rate below the replacement level of 2.1 births per woman, but one country stands out with its exceptionally low fertility rate.

So, which country currently has the lowest fertility rate on the planet? Is that country

  • Singapore
  • South Korea
  • Spain
  • Sweden
  • Switzerland?

Some additional demographic information may be helpful. This country’s fertility rate, which has been below the replacement level for forty years, declined to approximately one-third the replacement level in 2023, or 0.72 births per woman. The fertility rate in 2023 was a fraction of levels about fifty and seventy years ago, which were 3.8 and 6.2 births per woman, respectively (Figure 1).

 

Source: United Nations.

 

The fertility rate of this country is expected to remain less than half the replacement level for the next thirty years and stay well below the replacement level for the rest of the 21st century.

The country has implemented various measures to address its low fertility rate, including childcare subsidies, tax reductions, childcare services, cash payments to parents, and extended maternity and paternity leave.

Fertility rates below the replacement level are becoming the global norm. In over half of all the countries in the world, representing over two-thirds of the world’s population, the fertility rate is below 2.1 births per woman

The country’s president declared population decline a national emergency and established a committee to prepare a plan to address its low fertility rate, population decline, and demographic ageing. A new Ministry of Population Strategy Planning has also been established to manage these issues.

The answer to the question of which country currently has the lowest fertility rate on the planet is the Republic of Korea, commonly referred to as South Korea.

Because of its high fertility rate in the recent past, the population of South Korea grew relatively rapidly over the past 75 years. From a population of nearly 20 million in 1950, the population of South Korea reached approximately 36 million by 1975 and about 52 million in 2025.

The past rapid growth of South Korea’s population is over and is being replaced by a rapid decline of its population.

By the end of the 21st century, the population of South Korea is expected to be approximately the same size as it was in 1950, around 22 million.

Population projections for South Korea consistently show a declining population over the coming 75 years. The various variants of United Nations population projections, for example, all show a rapidly declining population for South Korea over the coming decades.

The United Nations medium variant population projection expects South Korea’s current population of about 52 million to decline to approximately 22 million by the year 2100.

The UN’s high and low variants also project South Korea’s current population to be smaller in 2100 at approximately 32 and 14 million, respectively. The constant variant, which assumes the country’s fertility rate will remain constant at its current level, projects South Korea’s population to be 17 million by the century’s close (Figure 2).

 

Source: United Nations.

 

Besides population decline, South Korea is also expected to experience rapid demographic ageing. South Korea’s young population of the recent past has been replaced by an older population that is expected to be even older in the coming years.

In 1950, the median age of South Korea’s population was about 18 years, and the proportion of the population 65 years or older was about 3%. The country’s current median age is 46 years, and about 20% of the population is 65 years and older.

South Korea’s median age is expected to continue increasing, reaching 57 years in 2050 and 60 years by the close of the century. Also, the proportion of the population aged 65 years or older is projected to reach 40 percent in 2050 and 45 percent by 2100 (Table 1).

most countries with low fertility rates, including South Korea, which currently has the world’s lowest fertility rate, are expected to experience population decline and demographic ageing throughout the remaining decades of the 21st century

Source: United Nations.

 

Why do the population projections show a declining population for South Korea over the coming decades?

The answer to that question is relatively straightforward. South Korea is simply experiencing fewer births than deaths. In 2023, for example, the numbers of births and deaths were approximately 236 thousand and 346 thousand, respectively, yielding a natural change (births minus deaths) of -109 thousand.

The reason births outnumber deaths in South Korea is that the country’s fertility rate is well below the replacement level.

And why is South Korea’s fertility rate so far below the replacement level?

The answer to that vital question is more speculative and complex than explaining the country’s demographic trends. The answer to that question needs some context and explanation about South Korean couples having children.

It is important to recognize world demographic trends. Fertility rates below the replacement level are becoming the global norm. In over half of all the countries in the world, representing over two-thirds of the world’s population, the fertility rate is below 2.1 births per woman.

Among those many countries are some fifty populations, including South Korea, that have a fertility rate well below the replacement level. Those countries, which include China, Germany, Italy, Japan, Russia, Spain and Sweden, have a fertility rate below 1.5 births per woman (Figure 3).

 

Source: United Nations.

 

Because of low fertility rates, countries are having fewer births than deaths, and that difference yields negative rates of population growth. And because of sustained levels of that negative population growth, countries are facing population decline and demographic ageing.

Various critical factors are believed to be behind the exceptionally low fertility rate in South Korea. Among those factors are higher education, a declining marriage rate, high rates of contraceptive use, lifestyle choices, difficulties finding a suitable mate, personal goals and serious concerns about the future.

Also, additional factors across South Korean society that are contributing to the country’s low fertility rate include a work culture with an exceptionally lengthy workweek, long work hours, and stiff career competition, the high costs of living, especially for housing, education, and childcare, difficulties juggling parenthood with employment, gender inequality in the workplace, particularly the gender pay gap, and the traditional gender roles and inequalities in family and household matters.

Although South Korea’s fertility rate may increase slightly in the coming decades, it is expected to remain substantially below the replacement level of 2.1 births per woman, resulting in a continuing trend of fewer births than deaths throughout the 21st century.

Many countries, including South Korea, are concerned about the decline and ageing of their respective populations. The governments of those countries are attempting to increase their low fertility rates with pro-natalist policies, incentives, and programs.

A final question concerns whether those pronatalist policies, incentives, and programs of governments will raise today’s low fertility rates back to the replacement level.

Such policies and programs may increase low fertility rates slightly. However, those increases are typically temporary and relatively small, with fertility rates remaining significantly below the replacement level.

Based on the experiences of countries over the past several decades, once a fertility rate falls below the replacement level, especially to 1.5 births per woman or less, the rate remains at low levels. Most population projections for countries with low fertility rates do not expect a return to the replacement level soon.

In conclusion, most countries with low fertility rates, including South Korea, which currently has the world’s lowest fertility rate, are expected to experience population decline and demographic ageing throughout the remaining decades of the 21st century.

Joseph Chamie is a consulting demographer, a former director of the United Nations Population Division, and author of many publications on population issues, including his recent book, “Population Levels, Trends, and Differentials”.

Agenda for Nuclear Non-Proliferation Review Conference Still Unclear

The closing session of the Preparatory Committee for the 2026 Review Conference of the Parties to the Treaty on the Non-Proliferation of Nuclear Weapons (NPT). Credit: UN TV

The closing session of the Preparatory Committee for the 2026 Review Conference of the Parties to the Treaty on the Non-Proliferation of Nuclear Weapons (NPT). Credit: UN TV

By Naureen Hossain
NEW YORK, May 21 2025 – The Treaty on the Non-Proliferation of Nuclear Weapons must not be allowed to collapse under the weight of geopolitical cynicism, the preparatory committee at the UN heard.

This year, the Third Session of the Preparatory Committee for the 2026 Review Conference of the Parties to the Treaty on the Non-Proliferation of Nuclear Weapons (NPT) (April 28-May 9) was intended to address procedural issues related to the treaty and the upcoming conference next year. The meeting was the third and final preparatory session before the review conference next year. As such, the session was an opportunity for countries to reaffirm the principles of the NPT by agreement.

Throughout the two weeks, delegations expressed their positions and deliberated over recommendations that would shape the agenda for the 2026 conference. Beyond member states, other stakeholders such as civil society groups were emphatic in expressing the urgency of the nuclear issue and calling for member states to take action.

“The continued existence of nuclear weapons remains one of the most urgent and existential dangers facing life on this planet,” said Florian Eblenkamp, an advocacy officer for the International Coalition Against Nuclear Weapons (ICAN). He went further to state, “The non-proliferation norm must not be allowed to collapse under the weight of geopolitical cynicism. If the NPT is to have a future, States Parties must send an unambiguous signal: Nuclear weapons are not to be spread. Not to be shared. Not to be normalized.”

The committee’s chair, Ambassador Harold Agyeman, who serves as the Permanent Representative of Ghana to the United Nations, told reporters early on that the success of the review conference in 2026 would be “dependent on the political will of state parties” in demonstrating progress on their obligations of the treaty and to “strengthen accountability for the related implementation of existing commitments.”

“Indeed, many around the world are concerned by the lack of raw progress on nuclear disarmament, and emerging proliferations risk that could undermine the hard-won norms established to bring about a world free of nuclear weapons and a regime to achieve that goal,” said Agyeman.

The third preparatory session took place in a time of increasing global anxiety over nuclear proliferation and even escalation. The most recent conflict between India and Pakistan has the world on edge that two nuclear powers might engage in war. Since April, Iran and the United States have been in negotiations over a new nuclear deal, which at times has seen both sides at a deadlock over limiting Iran’s nuclear programme.

Given that context, plus pre-existing tensions between other global powers, such as Russia and the war in Ukraine, this session was an opportunity for countries to act with urgency towards non-proliferation and to respect their obligations under the NPT. By the end of the conference, however, it seemed no agreement was reached. Revised recommendations for the review conference failed to reach consensus. This continues a concerning pattern of preparatory meetings that also failed to adopt an outcome.

As the meeting reached its conclusion on May 9, delegations expressed regret that the draft agreement did not reach consensus. “We regret that the desired breakthrough on transparency and accountability in the context of the strengthened due process was not reached,” said one delegate from Egypt. “The discussion was mature and based itself on mutual respect and commitment to multilateralism.

Many delegations made sure to reaffirm their commitment to the NPT and to strengthening the review process. Yet there was also a recurring acknowledgement of the “complex geopolitical situation” that presented a challenge in reaching consensus.

Civil society organizations have also been vocal in their disappointment at the lack of agreement or outcome document. ICAN stated that the lack of an agreement reflected a “horrifying lack of urgency in response to current risks.” Reaching Critical Will went further to criticize nuclear-armed states for refusing to comply with international law and their obligations to the NPT, which calls for them to eliminate nuclear weapons.

The NPT Review Conference (RevCon) is expected to be held in New York from 27 April to 22 May 2026. The PrepComm nominated Vietnam to chair the RevCon. Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the United Nations, stated that the presidency would be “characterized by inclusive, transparent, and balanced proceedings” that would ensure that the perspectives and interests of all state parties would be respected.

“The road ahead will be challenging, but we remain confident that through collective wisdom and shared determination, meaningful progress is not only possible but achievable. A robust and effective treaty ensures a safer and more secure work for everyone,” said Giang.

The presence—and threat—of nuclear weapons looms large. For good reason, they cannot simply be relegated to history as a relic of hubris and ambition when we can observe their influence in modern geopolitics. If the spirit for nuclear nonproliferation is indeed still there, then the international community must be vigilant in advocating for the NPT and other disarmament treaties, rather than let a small percentage of parties dictate the global agenda. This must be an ongoing process, lest we see the continued undermining of nonproliferation and multilateralism.

Note: This article is brought to you by IPS Noram in collaboration with INPS Japan and Soka Gakkai International in consultative status with ECOSOC.

IPS UN Bureau Report

 


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IPS UN Bureau, IPS UN Bureau Report, NUCLEAR ABOLITION

Sultan Logistics and Mawani Ink SAR 200 Million Deal to Launch Advanced Logistics Park

Photo Courtesy of Ali Alhmmami

RIYADH, Saudi Arabia, May 20, 2025 (GLOBE NEWSWIRE) — The Saudi Ports Authority (Mawani) and Sultan Logistics have signed a contract to establish a logistics park at King Abdulaziz Port in Dammam, with an investment of up to SAR 200 million. The new park will span an area of 197,000 square meters and aim to enhance the port’s competitiveness, increase its operational efficiency, and improve the efficiency of the logistics services provided.

The contract was signed by the acting president of the Saudi Ports Authority, Mr. Mazen bin Ahmed Al–Turki, and the chairman of Sultan Logistics, Mr. Ali Sultan Al–Qahtani, in the presence of several officials.

This logistics park is part of Mawani’s initiatives. It is aligned with the objectives of the National Transport and Logistics Strategy, which seeks to establish logistics parks inside and outside the Kingdom’s ports. The initiative aims to solidify Saudi Arabia’s standing as a global logistics hub, provide reliable logistics services, drive national development, and support the Kingdom’s economic and social ambitions per Saudi Vision 2030.

The logistics park will feature 35,000–square–meter warehouses, administrative offices, and a yard dedicated to the storage and maintenance of dry and refrigerated containers. It will also include a re–export area, enhancing logistics services and supporting commercial movement with high operational capabilities.

The new logistics park will strengthen King Abdulaziz Port's competitive advantage by offering specialized logistics services, increasing private sector participation in economic development, and promoting economic diversification.

The year 2024 witnessed the launch, cornerstone laying, and inauguration of eight logistics parks and centers, with a total private sector investment of nearly SAR 2.9 billion. These investments are part of developing over 20 logistics centers under Mawani’s supervision across Saudi ports, with total investments exceeding SAR 10 billion. Among the highlights was the inauguration of Maersk’s largest global logistics investment at Jeddah Islamic Port, valued at SAR 1.3 billion and covering 225,000 square meters.

About Abdullatif Alissa Group Holding

Abdullatif Alissa Group Holding, founded in the 1940s by Sheikh Abdullatif Alissa, has grown from its origins in textiles and food trading into one of Saudi Arabia’s most respected diversified business groups. Headquartered in Riyadh, the group has built a robust presence across the automotive, finance, real estate, and investment sectors, directly and through subsidiaries throughout the Kingdom and the Gulf region. The company is recognized for its integrated approach to the automotive industry, encompassing vehicle sales, leasing, financing, and aftersales services, and for its strategic investments in sectors vital to the Saudi economy.

Contact Information:

Contact Person: Ali Alhmmami
Organization / Company: Sultan Logistics
Company website: https://sultan–logistics.com
Contact email address: [email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d66dd1aa–7d05–4948–b26d–fd04fdd293b1


GLOBENEWSWIRE (Distribution ID 9455458)

Swvl Launches Luxury Travel Vertical, Unlocking High-Margin Growth Potential Across Its Operating Markets and Secures First Revenue in the UAE

Swvl Luxury Travel offers premium airport transfers, on–demand rides, intercity travel, meet–and–greet services, and event transportation

Launched and collaborating with three top chauffeur providers and two leading travel agencies across existing markets

Swvl’s proprietary technology platform powers seamless booking experiences, real–time fleet optimization, and personalized service management, ensuring a world–class experience

DUBAI, United Arab Emirates, May 20, 2025 (GLOBE NEWSWIRE) — Swvl Holdings Corp (“Swvl” or the “Company”) (Nasdaq: SWVL), a leading global provider of technology–enabled mobility solutions for enterprises and governments, today announced the official launch of its luxury travel vertical, offering a comprehensive suite of premium mobility services designed to meet the rising demand for high–end transportation across its operating markets. The new offering includes luxury airport transfers, on–demand rides, intercity travel, personalized meet–and–greet services, and event transportation solutions, tailored for frequent travelers and corporate clients. This strategic move is aimed to accelerate Swvl’s diversification into high–margin business segments, and to support its path towards sustainable profitability.

The United Arab Emirates marks only the beginning of Swvl Luxury Travel’s rollout, with the Company actively expanding this use case across the Gulf Cooperation Council (“GCC”), where high–net–worth client segments, mega exhibitions, business travel, and rising traffic congestion are accelerating the demand for premium, technology–enabled mobility solutions. This vertical is already gaining traction in GCC, with growing interest from government entities, luxury hospitality groups, and event organizers. Swvl’s expansion into this high–margin vertical reinforces its strategy to scale across high–revenue markets and verticals before replicating the model globally.

Swvl has completed multiple corporate bookings, and is already collaborating with three top chauffeur providers and two leading travel agencies. The Company has also commenced operations with a renowned luxury fashion house to become their preferred transportation partner across the GCC. These agreements are aimed at providing quick market traction and we believe they mark Swvl’s position as a preferred luxury mobility partner for both business and leisure travelers.

Mostafa Kandil, Chief Executive Officer of Swvl, commented: “With this launch, we’re expanding our footprint into one of the most promising segments of our industry. The luxury travel market continues to grow rapidly, driven by increasing corporate demand, tourism, and large–scale regional events. Through our technology platform and strategic partnerships, we believe that we are uniquely positioned to deliver premium, reliable, and seamless transportation experiences while driving higher–margin revenues for the business.”

Swvl’s proprietary technology platform is aimed to power seamless booking experiences, real–time fleet optimization, and personalized service management, and to ensure a world–class experience for premium travelers. With a strong focus on high–growth markets, we believe that Swvl Luxury Travel is set to become a key player in the premium mobility sector, delivering convenience, efficiency, and operational excellence.

For more information about Swvl and its services, please visit www.swvl.com.

About Swvl

Swvl is a global technology provider offering transformative mobility solutions for enterprises and governments. The Company’s platform delivers innovative transportation alternatives, with a goal to enable safer, more efficient, and accessible mobility options. Swvl operates in numerous cities worldwide, providing services that are aimed to empower individuals and organizations to navigate their environments effectively.

Forward–looking statements

This press release contains “forward–looking statements” relating to future events. Forward–looking statements generally are accompanied by words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “predict,” “potential,” “seem,” “seek,” “future,” “outlook” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters.

These forward–looking statements include, but are not limited to, statements regarding future events and other statements that are not historical facts. For example, Swvl is using forward–looking statements when it discusses the potential of its products and services; the high margin potential of its luxury travel vertical; its ability to continue to offer a comprehensive suite of premium mobility services and to meet the rising demand for high–end transportation across its operating markets; its ability to accelerate diversification into high–margin business segments and to sustain profitability; its ability to scale across dollar–pegged, high–revenue markets; its ability to maintain its partnership and margins; the belief that the luxury travel market will continue to grow; that its agreements are aimed at providing quick market traction and the belief that they mark Swvl’s position as a preferred luxury mobility partner for both business and leisure travelers; its positioning and ability to deliver premium, reliable, and seamless transportation experiences while driving higher–margin revenues; that the new vertical reinforces its strategy to scale across dollar–pegged, high–revenue markets before replicating the model globally; and the belief that is set to become a key player in the premium mobility sector. These statements are based on the current expectations of Swvl’s management and are not predictions of actual performance. These forward–looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on, by any investor as a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of Swvl. These statements are subject to a number of risks and uncertainties regarding Swvl’s business, and actual results may differ materially.

In addition, forward–looking statements provide Swvl’s expectations, plans, or forecasts of future events and views as of the date of this communication. Swvl anticipates that subsequent events and developments could cause Swvl’s assessments and projections to change. However, while Swvl may elect to update these forward–looking statements in the future, Swvl specifically disclaims any obligation to do so. These forward–looking statements should not be relied upon as representing Swvl’s assessments as of any date subsequent to the date of this communication. Accordingly, undue reliance should not be placed upon any forward–looking statements. Except as otherwise required by law, Swvl undertakes no obligation to publicly release any revisions to these forward–looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

More detailed information about the risks and uncertainties affecting the Company is contained under the heading “Risk Factors” in the Company’s annual report on Form 20–F for the fiscal year ended December 31, 2024, filed with the U.S. Securities and Exchange Commission (the “SEC”), which is available on the SEC’s website, www.sec.gov, and in subsequent SEC filings.

Contact:

Investor Relations: [email protected]

Ahmed Misbah, Swvl’s Chief Financial Officer: [email protected]


GLOBENEWSWIRE (Distribution ID 9454933)

BitMEX Launches RLUSD Spot Trading and Margin Support, with a 15,000 RLUSD Reward Pool

VICTORIA, Seychelles, May 20, 2025 (GLOBE NEWSWIRE) — BitMEX, the safest crypto exchange, today announced the launch of “The Ripple Effect,” an exciting new campaign to introduce significant trading opportunities for its users. Starting 20 May, BitMEX users can deposit, buy, and trade Ripple USD (RLUSD) on the BitMEX Spot market. Furthermore, BitMEX is the first cryptocurrency exchange to offer RLUSD as a margin currency through its Multi Asset Margining feature, available from 22 May.

To celebrate the partnership, BitMEX is giving away a 15,000 RLUSD prize pool to users who deposit, buy, or trade RLUSD on BitMEX Spot, and utilise RLUSD as margin to trade derivatives on the platform.

“We are thrilled to kickstart our collaboration with Ripple, a leading provider of digital asset infrastructure, to introduce ‘The Ripple Effect’ for our traders,” said Stephan Lutz, CEO of BitMEX. “The addition of RLUSD for spot trading and the inclusion of the leading stablecoin as a margin currency underscore our commitment to providing our users with a diverse and innovative trading environment. We believe the new listing, coupled with the 15,000 RLUSD reward pool, will be met with great enthusiasm by our community.”

The integration of RLUSD on BitMEX Spot provides users with a seamless and efficient way to access and trade Ripple USD, a stablecoin offering a blend of stability, efficiency, and regulatory compliance. By being the first to offer RLUSD as margin, BitMEX empowers derivatives traders with unique flexibility and choice in managing their positions and collateral.

Key Highlights of “The Ripple Effect” Campaign:

  • RLUSD Spot Trading: Users who deposit or buy RLUSD can earn their share of a 4,000 RLUSD reward pool.
  • RLUSD as Margin: Traders that utilise RLUSD as margin for their derivatives trades can earn their share of a 7,000 RLUSD reward pool.
  • RLUSD Holders: BitMEX will take random snapshots of users’ RLUSD holdings to airdrop a 4,000 RLUSD reward pool to selected traders.

Full details regarding the “The Ripple Effect” campaign, including eligibility criteria for the 15,000 RLUSD reward pool, can be found on the BitMEX website at https://www.bitmex.com/ripple–effect?utm_source=globenewswire&utm_medium=PR.

About BitMEX

BitMEX is the OG crypto derivatives exchange, providing professional crypto traders with a platform that caters to their needs through low latency, deep crypto native liquidity and unmatched reliability.

Since its founding, no cryptocurrency has been lost through intrusion or hacking, allowing BitMEX users to trade safely in the knowledge that their funds are secure. So too that they have access to the products and tools they require to be profitable.

BitMEX was also one of the first exchanges to publish their on–chain Proof of Reserves and Proof of Liabilities data. The exchange continues to publish this data twice a week – proving assurance that they safely store and segregate the funds they are entrusted with.

For more information on BitMEX, please visit the BitMEX Blog or www.bitmex.com, and follow Telegram, Twitter, Discord, and its online communities. For further inquiries, please contact [email protected].

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/9c10d77a–ea78–4a0e–9217–51e947cda4cb


GLOBENEWSWIRE (Distribution ID 1001097691)

Duck Creek Technologies Kicks Off Formation ’25 to Shape Insurance’s Future

BOSTON, May 20, 2025 (GLOBE NEWSWIRE) — Duck Creek Technologies, the global intelligent solutions provider defining the future of property and casualty (P&C) and general insurance, today kicks off Formation ’25, its flagship customer conference, at the Signia by Hilton Bonnet Creek in Orlando, Florida.

Formation ’25 will focus on how insurers lead, adapt, and innovate together to face unprecedented circumstances in the insurance industry. Formation ’25 is a dynamic event featuring enriching content, extensive industry networking opportunities, and unforgettable moments.

“Formation provides a unique platform for insurance professionals to come together, share insights, and explore the transformative power of AI,” said Mike Jackowski, Chief Executive Officer of Duck Creek Technologies. “We are thrilled to host this conference and look forward to the impactful conversations and innovative ideas that will emerge with our customers and partners.”

Kicking off the event, Jackowski takes the main stage to discuss the insurance industry’s toughest challenges and solutions shaping its future. Jackowski will challenge the insurance industry to stretch their imagination on how to leverage new technology, such as Agentic AI, to boost the industry to the leading–edge of innovation. The opening keynote will be followed by different customers and Duck Creek leaders to provide a deep dive into topics such as how adopting a modern platform with evergreen Software–as–a–Service (SaaS) and how Active Delivery will transform their business by driving growth and profitability and improving risk and exposure.

In addition to main stage general sessions, Formation ’25 will host 50 general and hyper–focused breakout sessions covering every aspect of the P&C insurance industry attendees have top of mind. Sessions will cover AI and machine learning in Insurtech, distribution management, loss control, payments, reinsurance, successful migration strategies, and so much more.

The conference agenda is packed with engaging sessions for in–depth learning and networking opportunities, including exclusive forums for customers to discuss product experiences and share best practices in User Group sessions. The Launchpad will showcase Duck Creek’s latest innovations and partner solutions in an interactive space. Networking events, such as the Women in Insurance Networking (W.I.N.) event, will provide opportunities to connect with peers and industry leaders about Evolving Conversations.

Formation ’25 highlights real–world customer success stories, with case studies and panel discussions featuring organizations that have leveraged Duck Creek’s solutions to drive digital transformation and operational efficiency.

The event also showcases Duck Creek’s robust partner ecosystem, with over 50 partners participating as sponsors. Platinum sponsors include Aggne, a wipro company, Coforge, Cognizant, InvoiceCloud and LTIMindtree. For a full list of Formation ’25 sponsors, click here. For more information on Formation ’25, including the full agenda and speaker lineup, visit https://events.duckcreek.com/formation25.

About Duck Creek Technologies

Duck Creek Technologies is the global intelligent solutions provider defining the future of the property and casualty (P&C) and general insurance industry. We are the platform upon which modern insurance systems are built, enabling the industry to capitalize on the power of the cloud to run agile, intelligent, and evergreen operations. Authenticity, purpose, and transparency are core to Duck Creek, and we believe insurance should be there for individuals and businesses when, where, and how they need it most. Our market–leading solutions are available on a standalone basis or as a full suite, and all are available via Duck Creek OnDemand. Visit www.duckcreek.com to learn more. Follow Duck Creek on our social channels for the latest information – LinkedIn and X.

Media Contacts:
Marianne Dempsey/Tara Stred
[email protected]


GLOBENEWSWIRE (Distribution ID 9454636)

Bitget Celebrates Bitcoin Pizza Day by Distributing Over 5000 Pizzas in Over 20 Cities Worldwide

VICTORIA, Seychelles, May 20, 2025 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, is celebrating Bitcoin Pizza Day by hosting events across five continents and distributing pizzas to more than 2,000 people. Between May 19 and May 22, gatherings are being held in cities including Abuja, Cape Town, Buenos Aires, São Paulo, Mexico City, Lisbon, Barcelona, Florence, Catania, Turin, Milan, Athens, Metro Manila, Penang, Tirana, Prague, Dubai, Taipei, and Ho Chi Minh City.

Bitcoin Pizza Day, celebrated annually on May 22, reminds us of the historic purchase of two pizzas for 10,000 Bitcoins by Laszlo Hanyecz in 2010—a transaction that demonstrates Bitcoin’s immense potential as a medium of exchange. The modest transaction, then worth around $41, is now estimated to be valued at nearly $1 billion. The day has become a symbol of Bitcoin’s evolution from a niche experiment to the backbone of the emerging financial innovation space.

This year’s celebrations seek to bridge the global crypto community, offering an opportunity for enthusiasts, traders, and newcomers alike to engage in dialogue about Bitcoin's journey and the future of decentralized finance. The events combine informal networking with educational discussions, reinforcing Bitcoin's growing relevance amid shifting economic landscapes.

“Every year, we celebrate Bitcoin Pizza Day because it reminds us how far this industry has come—from 10,000 BTC being worth just $40 to now touching $1 billion. It marks the epitome of any financial vehicle's success in history. At Bitget, it’s one of our favorite days to share with the community and reflect on the incredible journey we've all been part of,” says Gracy Chen, CEO at Bitget.

By organizing events across diverse regions such as Africa, Latin America, Europe, and Asia, Bitget is showing support towards local crypto communities, encouraging wider participation in the evolving cryptospace. The gatherings highlight how Bitcoin’s story resonates globally, transcending borders. Initiatives such as this serve as reminders of the principles that will continue to fuel the adoption of crypto—innovation, resilience, and joint vision.

About Bitget

Established in 2018, Bitget is the world's leading cryptocurrency exchange and Web3 company. Serving over 120 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real–time access to Bitcoin priceEthereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a world–class multi–chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more.

Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World's Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.

For more information, visit: WebsiteTwitterTelegramLinkedInDiscordBitget Wallet

For media inquiries, please contact: [email protected]

Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5fd9309d–8df9–47c3–a79b–d573efe84e51


GLOBENEWSWIRE (Distribution ID 1001097710)

Explainer: How Germs Outsmart Antimicrobials and Why It’s Making Us Sicker

Linnet Ochieng, the lab manager, conducts AMR testing at the International Livestock Research Institute. Credit: ILRI

Linnet Ochieng, the lab manager, conducts AMR testing at the International Livestock Research Institute.
Credit: ILRI

By Busani Bafana
BULAWAYO, May 20 2025 – More people are dying from once treatable infections because the medicines we rely on are no longer working as they should. The culprit? A growing health threat called antimicrobial resistance (AMR).

What is AMR?

AMR happens when bacteria, viruses, fungi, or parasites evolve and become resistant to the drugs meant to kill them—this makes common infections harder and sometimes impossible to treat. Without effective drugs, diseases last longer, spread more easily, and cause more deaths. Why? Antimicrobials are becoming less effective in treating infections because disease-causing germs are becoming resistant.

“AMR is a global crisis that is already here,” Dr. Arshnee Moodley, a microbiologist and team leader for Antimicrobial Resistance at the International Livestock Research Institute (ILRI), told IPS via email.

“It makes infections in people, animals, and even plants harder—or sometimes impossible—to treat,” Moodley says. “Without working medicines, illnesses that were once routine can become life-threatening.”

The rise in AMR has made it more difficult to prevent and treat infections with medicines like antimicrobials.

What are antimicrobials and are they important for health?

Antimicrobials are very important medicines and include antibiotics, antifungals, antivirals, and antiparasitics, which are used to either prevent or treat infections in humans, animals, and plants. They are essential to modern medicine and veterinary care. Without them, we risk losing the ability to treat infectious diseases and protect our food systems.

Why is this happening? Should we be worried about AMR?

Imagine not having medicine that works when you get an infection. For example, during the COVID-19 pandemic, the world scrambled to find ways to treat and manage a new disease.

AMR is largely driven by the overuse and misuse of antimicrobials in humans, animals, and agriculture. They are often used when they’re not needed or in the wrong doses. In farming, they are sometimes used to promote growth or make up for poor hygiene rather than treat disease. This overuse gives microbes more chances to adapt and become resistant, turning these life-saving medicines into useless tools.

The World Bank, the World Organisation for Animal Health, and AMR all warn that without action, AMR could cause significant economic harm on the scale of the 2008 global financial crisis. The World Bank estimates that by 2050, AMR could wipe away 3.8 percent of global gross domestic product each year and push 28 million people into poverty. The loss of productivity in agriculture, especially livestock systems, could severely affect food systems and livelihoods.

Who is most affected?

While AMR is a global burden, low- and middle-income countries like Kenya bear the greatest burden. Limited access to diagnostics, vaccines, and appropriate treatment means that drug-resistant infections often go undetected or are treated incorrectly. Farmers can lose entire herds or flocks due to untreatable infections, leading to food insecurity and loss of income. According to recent estimates, AMR directly causes 1.27 million deaths annually and contributes to nearly 5 million more. That’s on par with HIV/AIDS and malaria.

Researchers at the International Livestock Research Institute (ILRI) use waste bins to collect empty containers, packaging, and used vials as a simple and effective way to monitor what antimicrobials are used on farms. Credit: Busani Bafana/IPS

Researchers at the International Livestock Research Institute (ILRI) use waste bins to collect empty containers, packaging, and used vials as a simple and effective way to monitor what antimicrobials are used on farms. Credit: Busani Bafana/IPS

Does climate change have a role in AMR?

Yes, climate change is an emerging factor in the spread and worsening of AMR. Rising temperatures, extreme weather, and flooding can alter the spread of pathogens and the application of antimicrobials, according to a recent review in which ILRI participated. For example, warmer conditions help bacteria grow faster and share resistance genes more easily. Floods can spread drug-resistant pathogens from sewage into water supplies, increasing the risk of infections in both people and animals. Animals stressed by heat may become more vulnerable to disease, leading to increased use of antimicrobials.

“There is also another link between AMR and climate change,” Moodley told IPS. “Residues of antimicrobials in manure can disrupt microbial processes in soil, potentially affecting greenhouse gas emissions. And we at ILRI are studying how antibiotics in livestock manure—because of treatment—affect greenhouse gas emissions and soil health.”

Can we fight AMR?

Yes. AMR is preventable, but it requires urgent action across all sectors. Vaccination can prevent infections and reduce the need for antibiotics. Improved diagnostics can ensure the right drug is used only when necessary. Better hygiene and infection prevention in hospitals, farms, and communities can reduce disease spread. Responsible antimicrobial use in both animals and humans is key to slowing AMR.

“While drug-resistant infections are a concern,” Moodley says, “We must not forget that many people still don’t have access to the basic health and veterinary services they need—including the very medicines, vaccines, and diagnostics that could save lives and prevent AMR.”

The bottom line

AMR threatens the future of healthcare, agriculture, and global development. It undermines progress toward Universal Health Coverage and Sustainable Development Goals like zero hunger (SDG 2) and good health and well-being (SDG 3). This silent pandemic is unfolding now and without urgent, coordinated action, the world risks entering a post-antibiotic era where even the smallest infections can once again kill.

Note: This feature is published with the support of Open Society Foundations.

IPS UN Bureau Report

 


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Bitget startet Livestreaming und stärkt Echtzeit-Interaktion für Krypto-Content-Ersteller

VICTORIA, Seychellen, May 20, 2025 (GLOBE NEWSWIRE) — Bitget, die weltweit führende Kryptowährungsbörse und Web3–Firma, hat eine Live–Funktion angekündigt, die die Echtzeit–Interaktion zwischen Content–Erstellern und ihren Nutzern verstärkt. Mit dieser Funktion können Content–Ersteller, Influencer und professionelle Händler live gehen und nahtlos Bildschirmfreigaben, Audio–Streaming und Co–Hosting–Funktionen nutzen, um direkt mit ihrer Community in Kontakt zu treten. Darüber hinaus bietet die Plattform Funktionen für Token–Empfehlungen, die es den Nutzern ermöglichen, Kryptowährungen während der Live–Sessions spielend leicht zu entdecken und zu handeln.

Diese Funktion ist Teil der Strategie von Bitget, Erstellern eine Reihe von Tools zur Verfügung zu stellen, die die Bereitstellung exklusiver Inhalte und das Engagement der Nutzer erleichtern. Durch integrierte Funktionen wie Echtzeit–Chats, Planungsoptionen und Aufzeichnungsmöglichkeiten stellt die Plattform sicher, dass die Inhalte auch nach der Live–Übertragung zugänglich und interaktiv sind.

„Krypto ist ein extrem schnelllebiges Finanzökosystem, in dem Werte innerhalb von Minuten oder Sekunden steigen oder fallen. Die Live–Funktion schafft eine Gig Economy für Content–Ersteller, um unseren Nutzern ein interaktives Erlebnis zu bieten, während sie gleichzeitig von den Vorteilen des Copy Trading profitieren und eine alternative passive Einkommensquelle durch ihre Community erschließen können. Wir möchten den Mitwirkenden und Nutzern unserer Community Produkte zur Verfügung stellen, die auf ihre Handelsanforderungen ausgerichtet sind“, so Gracy Chen, CEO von Bitget.

Die LIVE–Funktion bietet Erstellern Möglichkeiten zur Monetarisierung. Über Empfehlungsmechanismen und Token–Promotionen während der Live–Sessions können Ersteller Einnahmen generieren und gleichzeitig ihre Reichweite erhöhen. Bitget beabsichtigt, Ersteller mit Promo–Maßnahmen zu unterstützen, unter anderem Maßnahmen zur Steigerung des Traffics und themenbezogener Live–Events, um die Sichtbarkeit und das Engagement der Nutzer zu maximieren.

Die Live–Funktion von Bitget bietet Nutzern ein immersives Streaming–Erlebnis, das die Qualität und sofortige Verfügbarkeit von Krypto–Inhalten verbessern soll. Die Nutzer können an von Erstellern geleiteten Sessions teilnehmen, die ihnen tiefe Einblicke in Markttrends, Handelseinblicke und Projektanalysen bieten. Mit Funktionen wie Spracheingabe in Echtzeit, Bildschirmprojektion und Hosting für mehrere Referenten ermöglicht die Plattform die Bereitstellung interaktiver Broadcasts. Die Live–Funktion ermöglicht es den Nutzern außerdem, Streams im Voraus zu planen, auf zurückliegende Aufzeichnungen zuzugreifen und während der Session durch sofortige Handelsanweisungen mit gelisteten Token zu interagieren – und das alles in einem speziellen, Chat–fähigen Bereich, der den kontinuierlichen Dialog und das Wachstum der Community stärkt.

Bitget Live ergänzt das wachsende Angebot an Tools für Ersteller, wie zum Beispiel das branchenweit erste On–Chain–Affiliate–Programm, das Rabatte von bis zu 40 % bietet. In Kombination mit Initiativen wie Strategy Plaza und Insights baut Bitget fortlaufend ein auf Ersteller ausgerichtetes Netzwerk auf, in dem Monetarisierung, Engagement und Nutzererlebnis nahtlos integriert sind.

Hier können Sie auf Bitget live gehen.

Über Bitget

Bitget wurde 2018 gegründet und ist die weltweit führende Kryptowährungsbörse und Web3–Firma. Mit über 120 Millionen Nutzern in mehr als 150 Ländern und Regionen hat sich die Bitget–Börse zum Ziel gesetzt, den Nutzern mit ihrer bahnbrechenden Copy–Trading–Funktion und anderen Handelslösungen zu helfen, intelligenter zu traden, und bietet gleichzeitig Echtzeit–Zugang zu Bitcoin–Kursen, Ethereum–Kursen und anderen Kryptowährungspreisen. Früher unter dem Namen BitKeep bekannt, ist Bitget Wallet eine erstklassige Multichain–Krypto–Wallet, die eine Reihe umfassender Web3–Lösungen und –Funktionen bietet, darunter Wallet–Funktionen, Token Swap, NFT Marketplace, DApp–Browser und mehr.

Bitget steht an vorderster Front, wenn es darum geht, die Akzeptanz von Kryptowährungen durch strategische Partnerschaften voranzutreiben, wie z. B. als offizieller Krypto–Partner der weltbesten Fußball–Liga LALIGA für den OST, SEA– und LATAM–Markt sowie als globaler Partner der türkischen Nationalsportler Buse Tosun Çavuşoğlu (Weltmeister im Ringen), Samet Gümüş (Goldmedaillengewinner im Boxen) und İlkin Aydın (Volleyball–Nationalmannschaft), um die globale Gemeinschaft zu inspirieren, Teil der Zukunft der Kryptowährung zu werden.

Weitere Informationen finden Sie im Internet: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet

Für Medienanfragen wenden Sie sich bitte an: [email protected]

Risikowarnung: Die Preise digitaler Vermögenswerte sind Schwankungen unterworfen und können eine erhebliche Volatilität aufweisen. Investoren wird empfohlen, nur Gelder zu investieren, deren Verlust sie in Kauf nehmen können. Der Wert jeder Investition kann beeinträchtigt werden, und es besteht die Möglichkeit, dass die finanziellen Ziele nicht erreicht werden und die Investition nicht zurückgezahlt werden kann. Es sollte immer eine unabhängige Finanzberatung in Anspruch genommen und die persönliche finanzielle Erfahrung und Situation sorgfältig geprüft werden. Die Wertentwicklung in der Vergangenheit ist kein zuverlässiger Indikator für zukünftige Ergebnisse. Bitget übernimmt keine Haftung für etwaige Verluste. Die hierin enthaltenen Informationen sind nicht als Finanzberatung auszulegen. Weitere Informationen finden Sie in unseren Nutzungsbedingungen.

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GLOBENEWSWIRE (Distribution ID 1001097686)