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RETRANSMISSION: Energy Plug Technologies and SEETEL New Energy Amplify Strategic Alliance with Exclusive Canadian Rights and Americas Expansion
Newsfile· 2025-07-07 11:00
RETRANSMISSION: Energy Plug Technologies and SEETEL New Energy Amplify Strategic Alliance with Exclusive Canadian Rights and Americas ExpansionJuly 07, 2025 7:00 AM EDT | Source: Energy Plug Technologies Corp.Vancouver, British Columbia--(Newsfile Corp. - July 7, 2025) - Energy Plug Technologies Corp. (CSE: PLUG) (OTCQB: PLGGF) (FSE: 6GQ) ("Energy Plug") and SEETEL New Energy Co., Ltd. ("SEETEL"), a leading Taiwanese energy storage solutions provider, today announced a significant strategic pa ...
The Evolving BRICS+ Payments System_ A Primer_ Charting the path to de - dollarize cross - border payments
2025-07-07 00:51
Summary of the BRICS+ Payments System Conference Call Industry Overview - The document discusses the evolving payments system among BRICS+ countries, focusing on the de-dollarization efforts and the development of independent payment infrastructures separate from US and Western systems [2][4][11]. Key Points and Arguments 1. **De-dollarization Debate**: The debate on the US dollar's reserve currency status is intensifying due to geopolitical fragmentation and the use of financial sanctions by the US and its allies [2][4]. 2. **BRICS+ Payment Sovereignty**: BRICS+ countries are pursuing 'payments sovereignty' by developing independent payment infrastructures, which are at various stages of discussion and implementation [4][11]. 3. **Challenges to Alternative Systems**: Geopolitical factors and divergent national objectives among emerging market countries pose significant challenges to establishing an alternative payments system, rather than technical barriers [4][8]. 4. **Multi-CBDC Platform**: The potential for a multi-Central Bank Digital Currency (CBDC) platform is highlighted, with several BRICS+ countries advancing their domestic digital payment infrastructures [4][9]. 5. **Role of Multilateral Institutions**: Institutions like the AIIB and NDB are seen as foundational for an alternative international financial system, although they currently lack sufficient liquidity support mechanisms [4][11]. 6. **SWIFT and CHIPS**: The document emphasizes the importance of SWIFT and CHIPS in the current global payments architecture, with the dollar accounting for nearly half of all SWIFT transactions [27][31]. 7. **BRICS+ Leaders Summit**: The upcoming BRICS+ leaders summit in Rio de Janeiro is expected to focus on trade, investment, and finance, but no major announcements regarding de-dollarization are anticipated [11][50]. Additional Important Content 1. **Historical Context**: BRICS countries have long opposed the existing international financial architecture, advocating for greater representation of emerging economies [6][38]. 2. **Geopolitical Dimensions**: The geopolitical landscape, particularly following Russia's invasion of Ukraine, has intensified discussions around reducing reliance on the dollar [40][41]. 3. **Future Initiatives**: Various proposals for de-dollarization are being discussed, including a BRICS common currency and cross-border payment initiatives, though many remain in the proposal stage [51][54]. 4. **Political Will**: The main hurdle to establishing an alternative payments architecture is political will, as diverging objectives within BRICS+ countries complicate consensus [9][40]. 5. **US Response**: The US has expressed concern over BRICS+ de-dollarization efforts, with former Treasury Secretary Janet Yellen emphasizing the importance of protecting the dollar [47][48]. This summary encapsulates the critical insights from the conference call regarding the BRICS+ payments system and the ongoing efforts towards de-dollarization, highlighting both the challenges and potential pathways forward.
Orange Strengthens Sovereignty With New Defense & Security Division
ZACKS· 2025-07-02 14:56
Key Takeaways Orange launched a Defense & Security Division under Orange Business to target critical sectors. The unit aims to deliver secure networks, data hosting, emergency comms and advanced cyber tools. Orange leverages vast fiber, satellite, 5G assets plus Orange Cyberdefense's 8% B2B growth in France.Orange S.A. (ORANY) recently launched a new Defense & Security Division under Orange Business. The initiative aligns with Orange’s long-term “Lead the Future” roadmap with an emphasis on sovereign-crit ...
X @Ansem 🧸💸
Ansem 🧸💸· 2025-06-29 12:45
increasing trend of distrust in government & focus on sovereignty + self sustainability is going to result in a lot of localized high trust groups forming w/ aligned goals, beliefs, and generational monetary incentives ...
Iran Foreign Minister Condemns US Attacks
Bloomberg Television· 2025-06-22 10:11
The Islamic Republic of Iran condemns in the strongest terms the United States brutal military aggression against Iran's peaceful nuclear facilities. It is an outrageous, grave and unprecedented violation of the fundamental principles of the charter of the United Nations and international law. The warmongering and lawless administration in Washington.Is solely and fully responsible for the dangerous consequences and far reaching implications of its act of aggression. The U.S. military attack on the territor ...
Apollo Commits to £4.5 Billion Financing for Électricité de France, Marking the Largest Sterling-Denominated Private Credit Transaction
Globenewswire· 2025-06-20 16:00
Core Viewpoint - Apollo has signed an agreement to invest up to £4.5 billion in fixed-rate callable notes issued by Électricité de France (EDF) to primarily finance EDF projects in the UK, particularly the Hinkley Point C nuclear power station, marking one of the largest sterling-denominated note issuances on record [1][2]. Group 1: Investment Details - The investment will be used mainly for EDF projects in the UK, with a focus on the Hinkley Point C nuclear power station [1]. - This transaction is noted as the largest-ever capital funding transaction executed by EDF and the largest private credit transaction in the sterling market [2]. - Apollo has a history of investing in French companies, having provided €2.5 billion of High-Grade Capital Solutions to Air France-KLM in recent years [2]. Group 2: Apollo's Investment Strategy - Since 2020, Apollo has originated over $100 billion of bespoke capital solutions for leading companies, including Intel, Air France-KLM, BP, Sony, and AB InBev [3]. - Apollo aims to provide clients with excess returns across the risk-reward spectrum, from investment-grade credit to private equity [5]. Group 3: Legal and Financial Advisory - Latham & Watkins, LLP and Kirkland & Ellis LLP acted as legal counsel to Apollo, while Apollo Capital Solutions Europe B.V. provided structuring and arrangement services for the transaction [4]. - BNP Paribas and Hogan Lovells, LLP served as financial and legal advisors to EDF, respectively [4].
AIX (AIX) Is Now Available for Trading on LBank Exchange
Newsfile· 2025-06-19 06:05
Core Insights - AIX has been listed on LBank Exchange, with the AIX/USDT trading pair going live on June 15, 2025, providing access to a platform that integrates artificial intelligence and decentralized data economics [1][2][3] Company Overview - AIX is a decentralized platform aimed at enhancing AI training and data productivity, built on a distributed ledger to empower creators and institutions through transparent data corroboration and tokenized incentives [3][4] - The platform addresses the challenges of centralized AI development by returning value and control to data contributors, utilizing blockchain verification and AI tooling [4][5] Market Positioning - AIX targets the growing global AI training market, which is approaching $100 billion, positioning itself as a key infrastructure for equitable growth and data monetization [6] - The platform aims to mitigate centralization risks posed by monopolistic AI platforms through community governance [5] Technical Innovations - The AIX ecosystem incorporates various technical features, including DAO governance, smart contract-based reward distribution, and an automated market maker (AMM) mechanism inspired by Uniswap V2/V3 for token exchange [7] Tokenomics - AIX has a total supply of 1,000,000,000 AIX tokens, with a distribution model that includes a community incentive pool (40%), core development team (20%), strategic investors (15%), partner ecosystem fund (10%), reserve fund (10%), and public governance fund (5%) [8][13] - The platform will implement a deflationary model, using 20% of its revenue for buybacks and burns, alongside early participation rewards for contributors and validators [14] Governance and Compliance - AIX plans to transition to community governance, ensuring decisions are driven by AIX pledges, while maintaining full audit transparency and regulatory compliance [16]
French President Rallies Behind Mistral-Nvidia Cloud Partnership
PYMNTS.com· 2025-06-11 19:07
Nvidia CEO Jensen Huang said he believes that nations must develop their own AI systems.Mistral AI and Nvidia are partnering to build AI cloud infrastructure in France, marking a major step toward European AI sovereignty and reducing dependence on U.S. cloud providers.France took a major step forward in asserting its artificial intelligence (AI) power Wednesday (June 11) as home-grown startup Mistral AI and U.S. chipmaker Nvidia announced a landmark partnership to develop next-generation AI cloud services i ...
Europe Builds AI Infrastructure With NVIDIA to Fuel Region's Next Industrial Transformation
Globenewswire· 2025-06-11 09:54
France, Italy and the United Kingdom Support Regional Technology and Cloud Providers Domyn, Mistral AI, Nebius and Nscale to Deploy More Than 3,000 Exaflops of NVIDIA Blackwell Systems for Sovereign AI NVIDIA to Build AI Factory in Germany to Accelerate Industrial Manufacturing Applications in EuropeEuropean Telcos Fastweb, Orange, Swisscom, Telefónica and Telenor Build AI Infrastructure With NVIDIA, Enabling Enterprises to Adopt and Build Agentic AI ApplicationsEuropean Enterprises, Startups and Public Sec ...
Trump Says Los Angeles Would Be ‘Burning’ Without National Guard | WSJ News
WSJ News· 2025-06-10 22:35
- I wanna say a few words about the situation in Los Angeles, California. Have you heard of the place where I've deployed thousands of National Guard troops and hundreds of Marines to protect federal law enforcement from the attacks of a vicious and violent mob. And some of the radical left.They say, "Oh, that's not nice." Well, if we didn't do it, there wouldn't be a Los Angeles. It'd be burning today just like their houses were burning a number of months ago. What you're witnessing in California is a full ...