Uni-Fuels Strengthens Asian Market Presence with A New Office in Shanghai

 

SINGAPORE, July 1 (Bernama-GLOBE NEWSWIRE) -- Uni-Fuels Holdings Limited (NASDAQ: UFG), (“Uni-Fuels” or the “Company”), a global provider of marine fuel solutions headquartered in Singapore, today announced the opening of a new office in Shanghai. As part of the Company’s global expansion strategy, Uni-Fuels has also established an office in Dubai, located near Fujairah, in April.

Centrally located in Lujiazui, the subsidiary Uni-Fuels (Shanghai) Co., Ltd., also known as Uni-Fuels Shanghai, marks a significant milestone for the Company, positioning it to meet the growing demand for reliable, sustainable marine fuel solutions across Asia. As home to the world's busiest container port, Shanghai serves as a vital maritime hub and gateway to global shipping. The establishment of this office reinforces the Company’s commitment to supporting customers and working partners with local expertise and global standards.

Speaking on the Company’s growing presence in Asia, Alan Tan, Senior Vice President, Commercial of Uni-Fuels, underscored, “Calibrated efforts to expand our geographical footprint reflect the Company's dedication to being where our customers and suppliers operate. With this new office, we walk the talk of putting our customers first by leveraging expertise, enhanced operational reach and greater service responsiveness to better serve them. Our local team possesses a deep understanding of the Asian market, enabling us to respond nimbly to customers’ needs and the evolving dynamics in our operating landscape.”

“Close geographic ties enable more frequent face-to-face interactions with suppliers, which facilitate quicker problem-solving and support regional sourcing strategies that bolster supply chain resilience. Customers can look forward to an expanded offering of customer-centric solutions, enhanced operational support, and a broader supply network across global shipping routes.”

“As a growing player in the bunker industry, Shanghai is an excellent platform to gain access to real-time intelligence on fuel supply dynamics, regulatory changes, and emerging demand trends that are essential for proactive and efficient fuel procurement,” added Mr. Tan.

Anchored in an ongoing expansion plan, Uni-Fuels is actively forging robust regional partnerships and deepening access in key marine fuel hubs. Moving ahead, the Company continues to play an integral role in the maritime value chain, shaping sustainable bunkering solutions and empowering ship operators with diverse, efficient fuel options that meet the needs of the nascent maritime sector.

About Uni-Fuels Holdings Limited

Uni-Fuels is a fast-growing global provider of marine fuel solutions, helping shipping companies optimize fuel procurement across all markets and time zones. Founded in 2021, Uni-Fuels has evolved from modest beginnings into a dynamic, forward-thinking company. Backed by a passionate team and a growing presence across multiple locations, it has forged trusted partnerships with customers, supporting them in achieving their operational objectives with confidence, from shore to shore.

For more information, visit www.uni-fuels.com.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. You can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. These statements may include words such as “anticipate”, “estimate”, “expect”, “project”, “plan”, “intend”, “believe”, “may”, “will”, “should”, “can have”, “likely” and other words and terms of similar meaning. Forward-looking statements represent Uni-Fuels’ current expectations regarding future events and are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those implied by the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions and other factors discussed in the “Risk Factors” section of the Company’s annual report on Form 20-F filed with the SEC on April 22, 2025. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

Contact Information

For Investor Relations:

Uni-Fuels Holdings Ltd
Email: investors@uni-fuels.com 

SOURCE: UNI-FUELS Holdings LTD.

Bitget Powers India Blockchain Tour in Hyderabad, Ahmedabad and Mumbai

 

NEW DELHI, June 26 (Bernama-GLOBE NEWSWIRE) -- Bitget, the leading cryptocurrency exchange and Web3 company, has joined the 2025 edition of the India Blockchain Tour (IBT) as the exclusive “Powered by” partner for the Hyderabad, Ahmedabad, and Mumbai chapters. The collaboration brings a sharper focus to blockchain education and real-world applications across three major cities through curated networking and knowledge-sharing events in the second half of the year.

Organized by Octaloop, IBT 2025 will span eight cities and feature key voices across policy, investment, development, and product. Hyderabad (June 28), Ahmedabad (July 13), and Mumbai (August 3) will serve as the core cities supported by Bitget, with each stop designed to bring together a local mix of talent and curiosity. Interactive sessions, product showcases, and discussion forums will create an accessible entry point into blockchain technology and digital assets, particularly for students, developers, and working professionals.

"India is a key market for us. Whether it’s working with regulators or engaging directly with blockchain developers, we’re actively building here. As one of the top global exchanges, we see this tour as an opportunity to meet people on the ground and strengthen the trust that drives long-term growth," said Jyotsna Hirdyani, Head of South Asia at Bitget.

This multi-city roadshow marks a return to on-ground activation for Bitget in India, building on the success of its 2023 “India Learns Crypto” initiative. That campaign launched with packed meetups in Delhi and Mumbai, drawing hundreds of attendees and leading to sustained community interest in educational forums. The Delhi session alone brought together over 140 participants, while the Mumbai event hosted over 300. Featuring a blend of speaker panels, partner collaborations, and open Q&A, the series gained traction as a trusted forum for blockchain learning.

India’s role in the global crypto and blockchain landscape continues to expand—marked by growing developer activity, rising user interest in self-custody and DeFi, and increasingly visible local startup innovation. The tour provides a natural format to channel this momentum into more structured learning and collaboration, while offering platforms for emerging voices and projects to gain visibility.

The choice of Hyderabad, Ahmedabad, and Mumbai reflects a broader pattern in India’s web3 evolution. These cities are known for their concentration of technical universities, strong fintech ecosystems, and a rising number of first-time blockchain users. Engaging them through direct, city-level programming allows for a sharper local pulse—one that online campaigns often miss.

As the tour continues across India through the end of the year, Bitget’s participation aims to serve as a touchpoint for those seeking practical exposure to blockchain—beyond market cycles. With a focus on accessibility and relevance, the collaboration intends to build tangible outcomes for the people who will shape India’s next wave of digital innovation.

To join us on the tour, please visit here.

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 price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a leading non-custodial crypto wallet supporting 130+ blockchains and millions of tokens. It offers multi-chain trading, staking, payments, and direct access to 20,000+ DApps, with advanced swaps and market insights built into a single platform. 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: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet

For media inquiries, please contact: media@bitget.com

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/2825994b-e83a-4a7f-9249-25191557f84a 

SOURCE: Bitget Limited

DISCLAIMER: BERNAMA MREM are not accountable for any causes of website defacement, misuse, or illegal activities connected to cryptocurrency, blockchain, tokenisation, or bitcoin. This material should not be considered as guidance or an opinion, as it does not constitute financial or investment advice. Use this information at your own risk; we are not liable for any losses or damages caused by the republication of this article.

OMS Energy Technologies Inc. Issues Post-IPO Operational Update Featuring Customer Growth, Expansion Initiatives and R&D and Safety Achievements

SINGAPORE, June 20 (Bernama-GLOBE NEWSWIRE) -- OMS Energy Technologies Inc. (“OMS” or the “Company”) (Nasdaq: OMSE), a growth-oriented manufacturer of surface wellhead systems (“SWS”) and oil country tubular goods (“OCTG”) for the oil and gas industry, today provided a business update outlining its recent accomplishments as the Company prepares for its inaugural earnings call following its successful Nasdaq listing in May 2025.

Operational Highlights

• New order win in Angola and renewed contract in Thailand; Southeast Asia emerging as driving force in customer acquisition
• Expanding business footprint and growing talent pool
• R&D achievements and partnerships steadily enriching product portfolio
• Consistent enhancements to occupational health, safety and environmental management
• Development initiatives fostering revenue diversification and enhancing financial stability

Mr. How Meng Hock, CEO of OMS Energy Technologies Inc., commented, “We’re excited to begin our journey as a public company with a healthy operational foundation, underscored by thriving customer relationships and partnerships, an expanding brand presence and cutting-edge R&D and manufacturing capabilities. We are also supported by a strong balance sheet and a deep commitment to prudent financial management, positioning us to quickly and flexibly execute our development strategy when suitable opportunities arise. With our focus on exceptional service and dedication to crafting superior products, we're confident of delivering innovative solutions to a growing, global customer base, creating value for all of our stakeholders.”

Customer Growth and Diversification

Offering a broad array of highly engineered products and customizable solutions for the oil and gas industry, OMS is anchored by a solid base of long-term contracts and longstanding relationships with global and local oil companies, drilling contractors, E&P and oilfield service providers across the Asia Pacific, Middle East and North Africa (MENA), and West African regions. The Company recently entered the Angola market and has secured a letter of award through its Middle East representative for the supply of surface wellhead systems to Grupo Simples Oil in the Onshore Kwanza Basin Block of KON-06 in Angola, expanding its brand presence in West Africa.

In the Indonesian market, the Company’s marketing efforts are attracting new customers, such as PT Seleraya Belida (South Sumatra) and Pertamina Hulu Sanga Sanga (East Kalimantan), and driving steady growth in sales of surface wellhead and Christmas tree products.

OMS’ existing customer base continues to exhibit strong loyalty. In June, PTTEP, a long-term customer in the Thailand market, signed a new three-year agreement effective July 1, 2025, further stabilizing the Company’s revenue base. The Company also inked a 10-year supply agreement with Saudi Aramco in early 2024, projected to generate an estimated $120 to $200 million annually. Moreover, the Company’s annual price agreement with Halliburton continues to fuel robust order volumes at its Malaysia and Singapore facilities.

Geographic and Talent Pool Expansion

OMS boasts a broad geographic footprint in the oil-rich Asia Pacific and MENA regions, with 11 manufacturing facilities strategically situated across six countries (Singapore, Malaysia, Brunei, Saudi Arabia, Thailand, and Indonesia). By hiring local citizens, producing products and services within these jurisdictions, and sourcing high-value materials locally, the Company establishes eligibility to participate in government tenders and contracts, boosting its competitive edge. Employing locals also helps the Company meet the requirements of localization programs such as IKTVA in Saudi Arabia and TKDN in Indonesia while enriching its talent pool. The Company is exploring new operating jurisdictions to increase market share and extending its reach globally through a growing number of export countries.

Product Development & Manufacturing Advancements

OMS’s $1.1 million investment in Additive Manufacturing (AM) research is propelling progress in the development of a metallic seal for the Company’s high-pressure-high temperature (HPHT) gate valves, a technological breakthrough that promises to promote innovation, improve supply chain efficiency and enable better material selection for critical components. To date, OMS has completed Phase 1 of its proof of concept, covering material selection, additive manufacturing methodology and stress analysis on the part for fit, form and function for using this method. The Company continues to invest in R&D, forging partnerships with top institutions such as the Singapore Institute of Manufacturing and Technology (SIMTech) to remain at the forefront of industry innovation.

Meanwhile, the Company is steadily delivering on orders placed under its long-term agreements with Saudi Aramco and Halliburton Malaysia and Singapore, leveraging its precision manufacturing expertise and strategically-located facilities to produce mission-critical products and custom solutions with shorter lead times. A healthy, balanced manufacturing capacity utilization level empowers OMS to seamlessly meet rising demand from new and existing customers.

Occupational Health, Safety and Environmental Management Enhancements

Safety and environmental protection are critical to the oil and gas industry and a key cornerstone of OMS’ operations. The Company holds ISO 9001 and API Q1 quality management system certifications for all of its manufacturing sites, as well as ISO 45001-Occupational Health and Safety Management System and ISO 14001-Environmental Management System certifications. The Company recently completed the annual surveillance audit required to maintain its ISO 45001 and ISO 14001 certifications, a crucial step in the Company’s ongoing implementation of ESG programs.

Strategic Development Initiatives

Sustainable, long-term growth remains OMS’ top priority. The Company’s R&D collaboration with Singapore’s Agency for Science, Technology and Research (A*STAR) and SIMTech reflects its commitment to environmental sustainability, covering life cycle analysis, energy efficiency monitoring and digital transformation and innovation. OMS is also actively exploring growth and revenue diversification through acquisitions, joint ventures and strategic alliances. By driving development both organically and externally, OMS is creating a more resilient and balanced portfolio, strengthening the backbone of its business.

About OMS Energy Technologies Inc.

OMS Energy Technologies Inc. (NASDAQ: OMSE) is a growth-oriented manufacturer of surface wellhead systems (SWS) and oil country tubular goods (OCTG) for the oil and gas industry. Serving both onshore and offshore exploration and production operators, OMS is a trusted single-source supplier across six vital jurisdictions in the Asia Pacific, Middle Eastern and North African (MENA) regions. The Company’s 11 strategically located manufacturing facilities in key markets ensure rapid response times, customized technical solutions and seamless adaptation to evolving production and logistics needs. Beyond its core SWS and OCTG offerings, OMS also provides premium threading services to maximize operational efficiency for its customers.

For more information, please visit ir.omsos.com.

Forward-Looking Statements

The information in this press release includes forward-looking statements within the meaning of the federal securities laws. These statements generally relate to future events or our future financial or operating performance and include statements regarding the expected size, timing and results of the initial public offering. When used in this press release, words such as “expect,” “project,” “estimate,” “believe,” “anticipate,” “intend,” “budget,” “plan,” “seek,” “envision,” “forecast,” “target,” “predict,” “may,” “should,” “would,” “could,” and “will,” as well as the negative of these terms and similar expressions, are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words.

Forward-looking statements are based on management’s current expectations and assumptions, and are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. As a result, actual results could differ materially from those indicated in these forward-looking statements. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in OMS’s prospectus. OMS undertakes no obligation and does not intend to update these forward-looking statements to reflect events or circumstances occurring after this press release. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.

For investor and media inquiries, please contact:

OMS Energy Technologies Inc.
Investor Relations
Email: ir@omsos.com

Piacente Financial Communications
Brandi Piacente
Tel: +1-212-481-2050
Email: oms@thepiacentegroup.com

Hui Fan
Tel: +86-10-6508-0677
Email: oms@thepiacentegroup.com 

SOURCE: OMS Energy Technologies Inc

Best’s Market Segment Report: Taiwan’s Non-Life Insurance Premiums Continue to Increase Amid Underwriting Improvements

HONG KONG, June 16 (Bernama-BUSINESS WIRE) -- Taiwan’s domestic non-life insurance premium continued to increase in 2024, growing 10.5% to reach TWD 278.5 billion (USD 9.2 billion), according to a new AM Best report.

The Best’s Market Segment Report, “Taiwan Non-Life Segment’s Operating Performance Supported by Tighter Underwriting Guidelines,” also notes that this segment’s overall capital & surplus level has continued to improve and crossed the TWD 150 billion mark last year.

The driving force of Taiwan’s non-life segment remains motor insurance, particularly voluntary motor, which contributed close to half of the segment’s direct written premiums in 2024, despite the slightly slower overall premium growth last year, partly due to subdued growth in new car sales during 2024 and through the first quarter of 2025.

In order to bolster electric vehicle (EV) coverage, Taiwan’s insurance regulator implemented standardised EV motor policy terms in the second half of 2024. “However, the motor segment remains cautious over expanding in this product line while insurers continue to accumulate data and claims experience to aid pricing sophistication,” said James Chan, director, AM Best.

The combined gross written premiums of AM Best’s eight rated non-life insurers rose 10.6% to TWD 192.8 billion in 2024, similar to the market’s growth of 10.5% reported by all 14 domestic non-life insurers. All rated entities achieved premium gains in 2024, driven by expansions in voluntary motor, travel insurance and commercial lines.

According to the report, Taiwan’s non-life insurance segment achieved significant improvement in operating profitability for 2023 and 2024. Notably, following a year of historically poor performance in 2022, the market achieved a profit turnaround in 2023, due to the release of pandemic insurance-related reserves and the efforts of non-life insurers to bolster underwriting guidelines.

“Company strategies have included non-renewing unprofitable policies, increasing rates, raising policy deductibles, or applying higher co-insurance percentages,” Chan said. “These measures are aimed at passing on part of the rising reinsurance costs and potential future losses to policyholders. Insurers also have adopted a more proactive approach in offering risk advisory services and implementing loss prevention measures.”

To access the full copy of this report, please visit http://www3.ambest.com/bestweek/purchase.asp?record_code=354679.

AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in New York, London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

Copyright © 2025 by A.M. Best Company, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250615841719/en/ 

Contact

James Chan
Director, Analytics
+852 2827 3418
james.chan@ambest.com

Cynthia Ang
Senior Industry Research Analyst
+65 6303 5026
cynthia.ang@ambest.com

Christopher Sharkey
Associate Director, Public Relations
+1 908 882 2310
christopher.sharkey@ambest.com

Al Slavin
Senior Public Relations Specialist
+1 908 882 2318
al.slavin@ambest.com 

Source : AM Best

--BERNAMA

Bitget Sponsors The Inaugural Crypto Jazz Festival at Montreux

VICTORIA, Seychelles, June 16 (Bernama-GLOBE NEWSWIRE) -- Bitget, the leading cryptocurrency exchange and Web3 company, is proud to announce its participation as main partner of the inaugural Crypto Jazz Festival, set to take place from July 9 to 12, 2025. This groundbreaking new event is an integral part of the globally renowned Montreux Jazz Festival, the world's second-largest jazz festival, which annually draws over 250,000 attendees. Bitget's participation represents a unique opportunity to bridge the innovative, and decentralized nature of cryptocurrencies with the rich heritage, artistic excellence, and global appeal of the Montreux Jazz Festival.

Created in 1967 by Claude Nobs and directed by Mathieu Jaton since 2013, the Montreux Jazz Festival has consistently evolved, generating fantastic stories and legendary performances. Each year, the festival expands its offerings, introducing new experiences to keep pace with evolving trends and audience requests. This year marks the exciting launch of the Crypto Jazz Festival, opening its doors to over 25,000 crypto enthusiasts with completely free access, and featuring panels and special events that fuse pioneering technology with the vibrant pulse of live music.

"On this first edition, we're particularly excited to partner with Bitget," said Yannick Fattebert, Co-Founder of the Crypto Jazz Festival. "Our vision for the Crypto Jazz Festival has always been to open up the world of jazz to new audiences, much like the promise of crypto is to open up finance for everyone. Together, we're not just creating unforgettable melodies; we're building bridges to a more inclusive and accessible future for all." 

Bitget is proud to join this iconic celebration, forging a unique partnership that resonates with the festival's spirit of pioneering vision and global community. Just as jazz pushes boundaries and evolves with each performance, the world of cryptocurrency is reshaping financial landscapes, offering new rhythms of possibility.

"Montreux is more than just a festival; it's a global gathering where music lovers connect, share experiences, and celebrate their shared passion," said Vugar Usi Zade, COO of Bitget. "This sense of community mirrors the ethos of Bitget, where we strive to build a connected, informed, and empowered community of users who share a vision for a more open financial future. We believe that true value is created when people come together." 

Bitget is leveraging this event to strengthen its bond with its community, offering several exclusive benefits to users. This includes the chance to win tickets to access exclusive concerts, allowing winners to choose from a wide array of renowned artists, including Lionel Richie, Diana Ross, and Raye. Additionally, Whale VIP tickets offering ultra-exclusive access, along with dinner passes and closing party accesses, are among the potential prizes. More information on this exciting initiative can be found here. 

About Bitget 

Established in 2018, Bitget is the world's leading cryptocurrency exchange and Web3 company. It is serving over 100 million users in 150+ countries and regions. It aims to helping users trade smarter with its pioneering copy trading feature and other trading solutions. At the same time, it offers real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices.

Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet. It 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: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet 

For media inquiries, please contact: media@bitget.com 

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/55aaf642-cb45-4fec-9776-f4670e05c3dd

SOURCE : Bitget Limited

DISCLAIMER: BERNAMA MREM are not accountable for any causes of website defacement, misuse, or illegal activities connected to cryptocurrency, blockchain, tokenisation, or bitcoin. This material should not be considered as guidance or an opinion, as it does not constitute financial or investment advice. Use this information at your own risk; we are not liable for any losses or damages caused by the republication of this article.

--BERNAMA

VINCE TALLENT JOINS WESTERN UNION TO LEAD GROWTH ACROSS APAC

KUALA LUMPUR, June 12 (Bernama) -- Western Union has appointed Vince Tallent as its new Senior Vice President and Head of Asia Pacific (APAC), as the company seeks to accelerate its growth across the region’s digital, retail and financial services ecosystem.

In a statement, Western Union said Tallent brings extensive experience from the fintech and telecommunications, media and technology (TMT) sectors, with a strong track record in expanding international businesses and introducing innovative financial solutions.

“Vince's leadership and diverse experience in scaling technology-driven financial services will be invaluable as we continue to strengthen our position in APAC,” said Western Union President for Europe, Middle East, Africa and APAC, Giovanni Angelini.

Meanwhile, commenting on his appointment, Tallent said he is delighted to join Western Union at such a pivotal time for the company. 

“This is an exciting opportunity to further build on Western Union’s growth in the region by delivering customer-centric and accessible financial solutions,” he added.

Tallent previously served as Chief Executive Officer (CEO) of tiqmo, a Saudi-based fintech app serving the Middle East and North Africa. He initially joined the company as Group Chief Operating Officer and Chief Financial Officer before assuming the CEO role in 2022.

He has also held senior leadership roles in prominent fintech and TMT companies across APAC, the Middle East and Europe, where he led transformational strategies to drive business growth and innovation.

Tallent holds a Master of Business Administration (MBA) in Advanced Finance and Corporate Strategy from Kingston University, London, where he was also awarded an honorary doctorate for his outstanding contributions to business, entrepreneurship, and philanthropy. He is also a Fellow of the Chartered Institute of Management Accountants (CIMA).

-- BERNAMA

CGTN: China, U.S. reach principled consensus after in-depth, candid trade talks

 

BEIJING, June 12 (Bernama-GLOBE NEWSWIRE) -- Following the conclusion of the first meeting of the China-U.S. economic and trade consultation mechanism in London, CGTN published an article summarizing the key outcomes and progress achieved. The article underscores China's commitment to dialogue based on equality and mutual benefit, emphasizes the importance of cooperation over confrontation, and reaffirms that resolving trade issues through constructive engagement serves the interests of both countries and contributes to global economic development.

China and the United States have made new progress in addressing each other's economic and trade concerns after their two-day in-depth and candid trade talks in London, according to a statement released by the Chinese side on Wednesday.

From June 9 to 10 (local time), the world's two largest economies held their first meeting of the China-U.S. economic and trade consultation mechanism. They reached a principled agreement on implementing the important consensus reached by the two heads of state during their phone call on June 5 and the framework of measures to consolidate the outcomes of the economic and trade talks in Geneva.

Chinese Vice Premier He Lifeng, Beijing's lead person for China-U.S. trade and economic affairs, attended the meeting with Washington's lead person Treasury Secretary Scott Bessent, U.S. Commerce Secretary Howard Lutnick and U.S. Trade Representative Jamieson Greer. He called the meeting an important consultation under the strategic guidance of the two heads of state.

Noting that the essence of China-U.S. economic and trade relations lies in mutual benefit and win-win cooperation, the vice premier said cooperation between China and the United States in the economic and trade field benefits both sides, while confrontation harms both.

He also urged the United States to resolve trade disputes with China through equal dialogue and mutually beneficial cooperation, adding that while China is sincere in pursuing economic and trade consultations, it also has its principles.

The latest meeting presented an opportunity for both sides to clarify the outstanding economic and trade issues and help steer bilateral relations back on track, Sun Taiyi, an associate professor of political science at Christopher Newport University in the United States, told CGTN.

Trade ties benefit both

The first meeting of the China-U.S. economic and trade consultation mechanism took place almost a month after both sides made substantial progress at a high-level meeting, May 10-11, in Geneva, Switzerland.

In a joint statement issued on May 12, China and the U.S. agreed to significantly reduce bilateral tariff levels. The U.S. lifted 91 percent of its additional tariffs on Chinese goods, with China reciprocating by removing 91 percent of its retaliatory tariffs on U.S. imports. Additionally, the U.S. suspended 24-percent "reciprocal tariffs" for 90 days while China similarly halted its corresponding countermeasures.

During their phone call last week, Chinese President Xi Jinping said the meeting in Geneva marked an important step forward in resolving economic and trade issues through dialogue and consultation and was welcomed by both societies and the international community, while U.S. President Donald Trump called it very successful and said it produced a good deal, pledging that the U.S. will work with China to execute the deal.

Immediately following the adjustment of tariff policies, container bookings from China to the U.S. surged by nearly 300 percent, according to Vizion, a container tracking data provider.

A manager at a cargo warehouse at Yantian Port in Shenzhen, which handles over a quarter of China's total export volume to the U.S., told China Media Group that inbound container volume had surged by over 60 percent, jumping from approximately 120 to more than 200 containers on a daily basis at the end of May.

The tariff war is like a reality check, proving that China is an important market as well as a supplier of goods for the U.S., said Michael Hart, president of the American Chamber of Commerce in China, last month.

Following the London meeting, China's international trade representative, Li Chenggang, said it is hoped that progress made will be conducive to strengthening trust between China and the U.S. and further promoting the steady and healthy development of economic and trade ties between the two countries.

Professor Sun told CGTN that the Chinese and U.S. sides have demonstrated their respective strategic capabilities and established a clear understanding of each other's positions in London.

The meeting has led to a mutual recognition that cooperation – and pursuing mutually beneficial outcomes – serves their interests better than prolonged confrontation, which would ultimately prove detrimental to both, he added.

https://news.cgtn.com/news/2025-06-11/China-U-S-reach-principled-consensus-after-trade-talks-in-London-1E7iNezpjIA/p.html

Contact:

CGTN
cgtn@cgtn.com 

SOURCE: China Global Television Network Corporation