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Conform to trend of times, promote peace, development

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BEIJING, July 2, 2024 /PRNewswire/ — A report from People’s Daily: From July 2 to 6, Chinese President Xi Jinping will attend the 24th Meeting of the Council of Heads of State of the Shanghai Cooperation Organization (SCO) in Astana, and pay state visits to Kazakhstan and Tajikistan at the invitation of President Kassym-Jomart Tokayev of the Republic of Kazakhstan and President Emomali Rahmon of the Republic of Tajikistan.

Xi’s visit this time will inject new momentum into building an even closer SCO community with a shared future and opening a new chapter of ChinaKazakhstan, ChinaTajikistan cooperation. It will also contribute Chinese wisdom and strength to maintaining world peace and promoting common development.

Since its founding over 20 years ago, the SCO has withstood the test of the changing international landscape, and kept moving in the right direction of promoting solidarity, mutual trust, development and cooperation. It has set an example for building a new type of international relations and regional cooperation.

The Shanghai Spirit of mutual trust, mutual benefit, equality, consultation, respect for diversity of civilizations and pursuit of common development is the origin of the strong vitality of the SCO, as well as a guideline that the organization must follow in the long run.

The more fluid and turbulent the world is, the more important that SCO member states stay committed to the Shanghai Spirit, keep to the right direction, and safeguard common interests, respond to various challenges and uphold fairness and justice more effectively through making the SCO more substantive and stronger.

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As a founding member, China always sees the SCO as a priority in its diplomacy. Since 2013, Xi has attended SCO summits for times and put forward a series of important initiatives and proposals, outlining a blueprint for the development and growth of the organization and charting the course for building an SCO community with a shared future.

During the upcoming SCO summit in Astana, Xi will engage in in-depth discussions with leaders of SCO member states on strengthening solidarity and cooperation under new circumstances. Together, they will consolidate the SCO’s role in ensuring security, establishing cooperation, forging friendship, and cementing constructive force, to build an even closer SCO community with a shared future, and inject more certainty and positive energy into world peace and development.

Bound together by mountains and rivers and common interests, China and Kazakhstan are good neighbors, good friends and good partners. Thanks to the personal guidance and efforts of leaders of the two countries, China had Kazakhstan forged a permanent comprehensive strategic partnership and, on that basis, decided to build a ChinaKazakhstan community with a shared future, which have set the bar even higher, opened up new prospects and injected new impetus for bilateral relations.

The two countries’ ever-lasting friendship, high-level mutual trust, and commitment to sharing weal and woe together have come to define their bilateral relations. Together, they have actively advanced high-quality Belt and Road cooperation, achieving fruitful results in various fields that benefit the two peoples.

The cooperation between China and Kazakhstan has established a model of complementary advantages and win-win outcomes in the international community, injecting positive energy into the building of a new type of international relations and a community with a shared future for mankind.

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Xi’s visit to Kazakhstan this time will further deepen political mutual trust, mutually beneficial cooperation, and cultural exchanges between the two countries, promoting the high-level development of bilateral relations.

ChinaTajikistan relations enjoy deep historical roots, a solid political foundation, substantive cooperation and extensive public support. Under the strategic guidance of Xi and Tajik President Emomali Rahmon, China and Tajikistan established the comprehensive strategic partnership in the spirit of good-neighborliness and friendship. They agreed to, in line with the trend of the times, build a community for security, a community of development between China and Tajikistan, and, on that basis, a ChinaTajikistan community with a shared future. This is a vivid example of how neighbors can and should get along by embracing mutual respect, equality and mutual benefit.

The two sides have achieved fruitful results in practical cooperation in various fields and have always firmly supported each other on issues concerning their core interests. Tajikistan was one of the first countries to support the Belt and Road Initiative and sign a Belt and Road cooperation agreement with China. China is ready to stand closely with Tajikistan and work together with it on the road to modernization, and create more benefits for both countries and their people.

The global trend of peace, development and win-win cooperation is unstoppable. The international community needs to conform to this trend and make the right choice. China is willing to work with regional countries to call for an equal and orderly multipolar world and a universally beneficial and inclusive economic globalization, build a community with a shared future for mankind and jointly create a better future.

View original content:https://www.prnewswire.co.uk/news-releases/conform-to-trend-of-times-promote-peace-development-302187383.html

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Moneyland.ch Got Acquired

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SMG Swiss Marketplace Group AG has acquired 100% of moneyland.ch AG, effective immediately.

Integration and Continuity

Moneyland.ch will be integrated into SMG’s Finance & Insurance business unit, joining forces with FinanceScout24. Despite the acquisition, the moneyland.ch brand, platform, and team will remain unchanged. Founder Benjamin Manz will continue in his role as Managing Director.

Moneyland.ch will continue to operate as an independent brand, maintaining its mission to provide transparency for Swiss consumers through neutral financial comparisons, calculators, and editorial content.

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Expertise and Renowned Comparisons

Since its inception in 2013, moneyland.ch has become renowned for its impartial comparisons, calculators, studies, and guides. Jochen Pernegger, Managing Director of Finance & Insurance at SMG, praised moneyland.ch’s contributions: “Moneyland.ch has consistently set industry standards with its high-quality financial comparisons. We are excited to collaborate and leverage the Moneyland team’s expertise and extensive product range to advance our Finance & Insurance division.”

A Strategic Addition

SMG’s Finance & Insurance division, represented by FinanceScout24 for nearly five years, will be significantly enhanced by the acquisition of moneyland.ch. This acquisition aims to streamline the process for Swiss consumers to find and secure the right financial and insurance products digitally and efficiently.

With moneyland.ch, SMG now offers a comprehensive range of comparison services previously missing from its portfolio.

Benjamin Manz emphasized the benefits of this acquisition: “Moneyland.ch will gain from SMG’s digital expertise, network, reach, and established platform awareness. This will allow us to make our comparison platform accessible to a broader audience. We are especially looking forward to collaborating with the FinanceScout24 team.”

Source: fintechnews.ch

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CBN to sanction banks, FX dealers for rejecting lower dollar notes

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The Central Bank of Nigeria (CBN) has announced that it will sanction Deposit Money Banks (DMBs) and authorized forex dealers that refuse to accept old and lower denomination United States Dollar (USD) bills from customers.

In a circular dated June 27, 2024, signed by Solaja Mohammed-J Olayemi, the Acting Director of Currency Operations, the CBN emphasized the mandatory acceptance of such notes. This new circular references an earlier directive, COD/DIR/INT/CIR/001/002, issued on April 9, 2021, which explicitly prohibited selective acceptance of deposits and required full compliance from all relevant parties.

Despite the earlier directive, consumer market intelligence conducted by the CBN revealed that DMBs and other authorized forex dealers continue to reject old and lower denomination USD bills.

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The CBN has reiterated that all Deposit Money Banks and authorized forex dealers must accept both old series and lower denominations of USD bills that are recognized as legal tender. This ensures customers can deposit these bills without facing unnecessary rejection.

The CBN is prepared to impose sanctions on any DMB or authorized forex dealer that refuses to accept old series or lower denomination USD bills from customers. This measure aims to enforce compliance and ensure uniformity in handling foreign currency deposits.

Additionally, the CBN cautioned authorized forex dealers against defacing or stamping USD banknotes, as such actions can cause the notes to fail authentication tests during processing and sorting, leading to further complications.

Source: 21stcenturychronicle.com

The post CBN to sanction banks, FX dealers for rejecting lower dollar notes appeared first on HIPTHER Alerts.

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Yorkshire’s Fintel plc finalises £14.6m swoop for Manchester’s threesixty

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Fintel plc has completed the acquisition of Threesixty Services from abrdn plc for £14.6 million in an all-cash transaction. This marks Fintel’s eighth acquisition in the past year.

Fintel, based in Huddersfield, provides fintech and support services to the UK retail financial services sector through its brands SimplyBiz, Compliance First, and SIFA. With the addition of Threesixty Services, a Manchester-based firm, Fintel now serves over 900 independent financial adviser and discretionary fund management firms and 10,000 advisers.

Threesixty Services generated external revenues of £6.5 million in 2023, giving the acquisition a revenue multiple of approximately 2.2x.

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Neil Stevens, joint CEO of Fintel, expressed enthusiasm about the acquisition: “We are delighted to welcome the talented team and prestigious client base of Threesixty to the Fintel family. With a shared commitment to promoting the value of professional financial advice, we believe this deal will further expand the choice of quality services in this vital sector.”

Stevens added, “We are confident we can enhance services for Threesixty clients through joint investment in technology and will explore opportunities to leverage our wider technology and data platform over time. Our intention is to grow the strong brand and quality services of Threesixty with the full support of the existing leadership, who will remain with the business to see it develop in the future.”

The acquisition of Threesixty Services adds to Fintel’s growing portfolio, which now includes AKG, VouchedFor, Competent Adviser, Micap, Synaptic, Owen James, and ifaDASH.

Source: businesscloud.co.uk

The post Yorkshire’s Fintel plc finalises £14.6m swoop for Manchester’s threesixty appeared first on HIPTHER Alerts.

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