Connect with us

Technology

Global Times: Xi calls for advancing strategic partnership of cooperation with Nepal as Nepali PM visits Beijing

Published

on

BEIJING, Dec. 4, 2024 /PRNewswire/ — Chinese President Xi Jinping met with Nepali Prime Minister KP Sharma Oli in Beijing on Tuesday, pledging efforts to advance its strategic partnership of cooperation with Nepal. 

Expressing appreciation for Oli’s firm commitment to promoting friendship between the two sides over a long period of time, Xi said China and Nepal, linked by the same mountains and rivers, are good neighbors, good friends and good partners, and bilateral relations have maintained sound and steady development. 

Noting that next year marks the 70th anniversary of the establishment of diplomatic relations, Xi said China places Nepal in an important position in its neighborhood diplomacy, and is willing to work with Nepal to consolidate their traditional friendship and push for new progress in advancing the ChinaNepal strategic partnership of cooperation featuring ever-lasting friendship for development and prosperity. 

Stressing that China respects Nepal’s choice to follow a development path suited to its national conditions, Xi said that China supports Nepal in safeguarding its national independence, sovereignty and territorial integrity. China is ready to work with Nepal to consolidate strategic mutual trust and provide staunch support on issues concerning each other’s core interests, he added.

Xi expressed China’s willingness to deepen pragmatic cooperation with Nepal, advance high-quality Belt and Road cooperation, and strengthen cooperation in such fields as ports, transportation, power grids and communication.

China is ready to continue offering assistance to Nepal’s economic and social development within its capacity, and to encourage Chinese enterprises to invest and do business in Nepal, Xi said.

He noted that China supports Nepal’s declaration of 2025 as Nepal Visit Year in China, and welcomes Nepali friends to travel to China for business, tourism and study.

China is willing to strengthen coordination with Nepal within multilateral platforms such as the United Nations, with the aim of defending the common interests of developing countries, Xi said.

Oli said that as a friend of China, Nepal is deeply proud of and inspired by China’s remarkable development achievements, and hopes to learn from China’s experience to boost its own development.

Noting that there are no problems, only friendship, between Nepal and China, Oli thanked China for providing various valuable support to Nepal. Nepal welcomes more Chinese enterprises to invest in the country and deepen cooperation in various fields, he said.

Both Xizang and Taiwan are inalienable parts of China’s territory, Oli said. Stressing that Nepal firmly adheres to the one-China principle, he said the country will not allow any force to use its territory for anti-China activities or to harm China’s interests, and that Nepal opposes any foreign interference in China’s internal affairs.

A joint statement by the People’s Republic of China and Nepal was also issued on Tuesday.

Chinese Premier Li Qiang and Chairman of the National People’s Congress Standing Committee Zhao Leji also held talks with Nepali Prime Minister Oli in Beijing on Tuesday, the Xinhua News Agency reported.

Strive for new progress

As the two neighboring countries celebrate the 70th anniversary of the establishment of diplomatic relations, experts expect Oli’s visit to further advance bilateral ties to a new height, deepen the traditional friendship by accelerating practical cooperation in various fields, and boost the two sides’ coordination on regional issues of mutual interest.

As some Indian media have hyped that Oli has broken the “tradition” of a Nepalese leader by visiting China first instead of India, experts emphasized that cooperation between China and Nepal does not target any third party, instead, the two are always committed to promoting regional development, peace and stability.

Hu Zhiyong, a research fellow with the Institute of International Relations at the Shanghai Academy of Social Sciences, said that the choice of China as the first foreign country to visit after Oli took office in July shows that the Nepalese government attaches great importance to ChinaNepal relations and regards the development of relations with China as the main direction of its diplomatic work.

Qian Feng, director of the research department of the National Strategy Institute at Tsinghua University, said that making Nepal’s economy “catch the express train” of China’s high-quality economic development is the main focus of his visit.

China and Nepal signed a Memorandum of Understanding (MoU) on bilateral cooperation under the framework of the Belt and Road Initiative in May 2017. President Xi paid a state visit to Nepal in October 2019. 

Qian said due to political changes in Nepal and the impact of the pandemic, some cooperation between the two countries cannot be smoothly implemented. “Prime Minister Oli hopes to make up for lost time.”

In addition to meetings with Chinese leaders, the Nepalese prime minister is scheduled to address the Nepal-China Business Forum and deliver a keynote speech at Peking University, according to a release from Nepal’s Ministry of Foreign Affairs.

For China, Nepal is not only an important BRI partner, but also, as a close and friendly neighbor, plays an important role in contributing to maintaining social security and stability in ethnic areas in Xizang, Qian said.

Not targeting third party

Indian media has been closely following Oli’s China visit. Calling Oli “a pro-China leader,” Indian media the Hindustan Times noted that Oli broke with “the usual practice of Nepali prime ministers making India their first destination in the neighborhood after assuming charge, amid media reports that he did not get an invitation from New Delhi.”

India’s Business Standard described Oli as a “veteran communist politician,” who “seeks to reduce its traditional dependence on India.” The media outlet also raised “debt concerns” regarding a $216 million loan from China to build an international airport in Pokhara.

The development of bilateral relations between China and Nepal is in the fundamental interests of the two nations and their people and leaves no room for a third party to sow discord about it, Qian said.

China respects Nepal’s right to independent development and hopes India, which has significance influence on Nepal, refrains from meddling and interfering in Nepal as in the past, Qian stated.

For Hu, the friendly development of ChinaNepal relations between China and Nepal is objectively of great importance to enhancing China’s influence in South Asia. But some in India are overly nervous and sensitive about the visit of Nepal’s Prime Minister to China.

New Delhi should not overly interpret the ChinaNepal cooperation, which does not target any third party… Instead, the cooperation is conducive to promoting regional common development and safeguarding regional stability.”

Hu stressed that many South Asian countries like Pakistan, Bangladesh, Sri Lanka and Maldives have achieved their own development by participating in BRI projects. “The BRI is a big cake for cooperation. Nepal wants to share the cake as well,” Hu said.

According to official statistics, China is the second-biggest trade partner of Nepal. Bilateral trade volume between China and Nepal in 2023 was $1.8 billion, an increase of 9.1 percent year-on-year. From January to August 2024, trade volume between China and Nepal was $1.28 billion, surging 18 percent year-on-year.

Bilateral trade between China and Nepal accounts for 17 percent of Nepal’s total, according to the Xinhua News Agency, citing Ramesh Aryal, deputy director general of the customs department of Nepal’s Ministry of Finance. Meanwhile, India is Nepal’s largest trading partner, accounting for more than 65 percent of its total trade, the Kathmandu Post said.

“Given China’s growing strength and influence, especially as China and Nepal both seek to establish a closer cooperative relationship with each other, China’s share is bound to rise further… But the trend of India as Nepal’s most influential economic partner is also long-standing, given the geographical and cultural advantages of India’s relations with Nepal,” Qian said.

In fact, in terms of cooperation with Nepal, the two major countries jointly play a more positive role in helping their common neighbor develop its economy and improve people’s livelihood, rather than holding a narrow perspective and falling into a vicious competitive relationship, Qian commented.

 

View original content:https://www.prnewswire.com/news-releases/global-times-xi-calls-for-advancing-strategic-partnership-of-cooperation-with-nepal-as-nepali-pm-visits-beijing-302322550.html

SOURCE Global Times

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

11:11 Systems Announces Strategic Partnership with Cato Networks to Deliver SASE Solution for Distributed Enterprises

Published

on

By

New Managed Secure Access Service Edge (SASE) solution combines SD-WAN, cloud-native networking and security capabilities with 11:11’s connectivity, cyber resilience and cloud expertise

SYDNEY, July 22, 2026 /PRNewswire/ — 11:11 Systems, a leading managed infrastructure solutions provider, today announced the global availability of its 11:11 Managed Secure Access Service Edge (SASE) solution and a new strategic partnership with Cato Networks.

11:11 Managed SASE is a fully managed secure connectivity solution leveraging Cato Networks AI-native network security platform. This solution brings together intelligent SD-WAN, cloud-delivered security and global connectivity into a single offering. It enables organisations to simplify and secure access across branch offices, data centres, users and cloud environments, reducing complexity without sacrificing performance or control.

Built on the Cato Networks cloud-native SASE platform, 11:11 Managed SASE combines zero trust network access (ZTNA), firewall as a service (FWaaS), secure web gateway (SWG), cloud access security broker (CASB), advanced threat protection and centralised visibility into a unified managed experience. 11:11 also delivers 24x7x365 monitoring and support, incident management integration and operational accountability to help customers limit vendor sprawl, increase agility and free internal teams to focus on higher-value priorities.

The offering is backed by 11:11’s broader networking, cloud and cyber resilience capabilities. Through its global backbone, carrier-agnostic connectivity options and integrated portfolio spanning cloud, backup, disaster recovery and security services, 11:11 gives customers a practical path to modernise network and security architecture while strengthening resilience across the business.

“Enterprises are under pressure to support users, applications and locations that are more distributed than ever, while limiting complexity and improving security,” said Justin Giardina, CTO, 11:11 Systems. “Our Managed SASE solution provides customers with a unified approach to modernising networking and security, along with the visibility, support and flexibility they need to thrive in a rapidly changing environment.”

According to Karl Soderlund, global channel chief, Cato Networks, “As enterprises move beyond fragmented legacy networking and security stacks, they need a simpler way to gain visibility, context and control across hybrid work environments and reduce the operational burden on IT. Through our partnership, we can address these challenges head on and deliver end-to-end visibility and protection in a single service built for the reality of modern work.”

The joint offering is well suited for distributed enterprises, multi-site organisations, hybrid workforce initiatives, SD-WAN refreshes, security modernisation efforts and businesses with limited IT resources. 11:11 meets customers where they are by supporting existing environments, simplifying multi-vendor operations and serving as a single provider accountable for network, security, cloud and data integration.

This partnership expands 11:11’s Network as a Service portfolio and follows Forrester’s inclusion of 11:11 Systems in its report, “The Secure Access Service Edge Services Landscape, Q1 2026.”

About 11:11 Systems

11:11 Systems is a managed infrastructure solutions provider that empowers customers to modernise, protect and manage mission-critical applications and data, leveraging 11:11’s resilient cloud platform. Learn more at www.1111Systems.com and follow 11:11 on LinkedIn.

View original content:https://www.prnewswire.com/apac/news-releases/1111-systems-announces-strategic-partnership-with-cato-networks-to-deliver-sase-solution-for-distributed-enterprises-302830322.html

SOURCE 11:11 Systems

Continue Reading

Technology

Crowell & Moring Expands Financial Services Group with Former UBS Bank USA General Counsel Cristina Diaz

Published

on

By

NEW YORK, July 21, 2026 /PRNewswire/ — Crowell & Moring has added Cristina Diaz, former executive director and general counsel of UBS Bank USA, and most recently head of legal for UBS’s U.S. Remediation Management Office, to the firm’s Financial Services Group as senior counsel in New York. Diaz brings more than two decades of in-house counsel and law firm experience in bank regulation, compliance, and risk management.

At Crowell, Diaz will counsel banks, fintechs, and digital assets companies on a broad range of bank regulatory matters, including charters and licensing, permissible activities, capital requirements, regulatory enforcement, M&A, and corporate governance. She will also counsel clients navigating the intersection of traditional banking and emerging financial services, including digital assets companies seeking to acquire or establish national banks, and banks exploring partnerships with fintechs and digital assets firms.

At UBS, Diaz advised on the firm’s most pressing regulatory matters, including most recently UBS Bank USA’s charter conversion from a Utah industrial bank to an OCC national bank and key compliance remediations. This work gave Diaz extensive experience navigating relationships with state and federal financial regulators. Earlier in her career, Diaz spent eight years at Davis Polk & Wardwell advising U.S. and foreign banks on bank regulatory matters, M&A, and capital markets transactions.

“Cristina is a highly experienced, solution-oriented attorney who brings deep knowledge in the bank regulatory space. She will be an enormous asset to the firm’s growing regulatory and transactional offerings to banks, digital assets businesses, and fintechs,” said Carlton Greene, Co-Chair of Crowell’s Financial Services Group.

“I am delighted to join Crowell & Moring and integrate my bank regulatory experience with the firm’s nationally-recognized digital assets practice. As traditional banking and emerging financial technologies continue to evolve, clients need actionable and sophisticated legal counsel. Crowell offers the collaborative platform to help institutions successfully execute their growth and compliance strategies,” said Diaz.

Diaz received her J.D. from New York University School of Law, where she was a member of the New York University Law Review, and received her B.A., summa cum laude, from New York University. She is fluent in Spanish.

About Crowell & Moring LLP
Crowell & Moring is an international law firm with operations in the United States, Europe, and MENA. Drawing on significant government, business, industry, and legal experience, the firm helps clients capitalize on opportunities and provides creative solutions to complex regulatory and policy, litigation, transactional, and intellectual property issues. The firm is consistently recognized for its commitment to pro bono service, as well as its comprehensive programs and initiatives to advance the professional and personal development of all members of the Crowell community.

Media Contact:
Email: prteam@crowell.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/crowell–moring-expands-financial-services-group-with-former-ubs-bank-usa-general-counsel-cristina-diaz-302831280.html

SOURCE Crowell & Moring LLP

Continue Reading

Technology

Quantinuum and SoftBank Corp. Publish Joint White Paper on Scaling Practical Quantum Computing Use Cases Toward the Fault-Tolerant Era

Published

on

By

The companies have published a joint white paper mapping commercially relevant quantum computing use cases in quantum chemistry and graph analytics to Quantinuum’s hardware roadmap.The paper provides a framework for assessing how advances in quantum hardware and algorithms, could affect when practical industrial applications become feasible.SoftBank Corp. and Quantinuum will use the roadmap to inform their exploration of future quantum AI data center services and related business models.

TOKYO and BROOMFIELD, Colo., July 22, 2026 /PRNewswire/ — Quantinuum (NASDAQ: QNT) and SoftBank Corp. (“SoftBank”) today announced the publication of “Quantum Computing Frontiers,” a joint white paper that maps two commercially-relevant quantum computing application areas against Quantinuum’s hardware roadmap. The analysis examines how advances in quantum hardware and algorithms could affect when these applications become practical for industrial use.

The paper focuses on two representative application domains that SoftBank is actively using Quantinuum’s systems to research: quantum chemistry for new materials discovery and energy research, and topological data analysis for large-scale graph analytics, including for telecommunications fraud detection. The authors anchor their assessment of the scalability of these two application areas against Quantinuum’s published hardware roadmap, examining how projected advances in hardware capabilities and algorithms may enable the commercial readiness of future industrial applications.

Building on this use-case roadmap, the paper also examines how quantum computing, AI, and high-performance computing could be integrated into future computing infrastructure. It considers how progress across successive hardware generations could inform future quantum AI data center services and related business models, a key focus of the Quantinuum and SoftBank partnership announced last year.

“The key takeaway of this study is that organizations do not need to wait for large-scale, fault-tolerant systems to explore where quantum computing can begin creating value,” said Duncan Jones, General Manager, Applications Group at Quantinuum. “By using today’s systems to develop, benchmark and refine applications in areas such as quantum chemistry and graph analytics, enterprises can build the technical and operational readiness needed for the next era of quantum-enabled computing.”

“The question is no longer whether quantum computing may deliver value, but rather which problem classes become executable at which stage of hardware maturity,” said Ryuji Wakikawa, Senior Vice President & CTO at SoftBank Corp. “However, we believe progress in hardware must be complemented by equally strong developments in quantum algorithms and the integration of quantum systems with AI and high-performance computing.”

The white paper discusses illustrative scenarios describing how representative applications, technology maturity, and potential market opportunities may evolve over time under stated assumptions. The analysis provided in the paper is intended to provide a conceptual framework for understanding potential market evolution and does not represent financial guidance or forecasts. These analyses are intended to support discussion of future technology development and should not be interpreted as commitments regarding commercialization, infrastructure investment, products, services, or financial performance.

The full white paper is available to download on the SoftBank and Quantinuum websites.

About SoftBank Corp.

Guided by the SoftBank Group’s corporate philosophy, “Information Revolution – Happiness for everyone,” SoftBank Corp. (TOKYO: 9434) operates telecommunications and IT businesses in Japan and globally. Building on its strong business foundation, SoftBank Corp. is aiming to activate the potential of AI across its businesses and drive implementation in line with its “Activate AI for Society” growth strategy. While further growing its telecom business, SoftBank is expanding its AI computing infrastructure and AI and Cloud service businesses with the aim of becoming a provider of Next-generation Social Infrastructure. To learn more, please visit https://www.softbank.jp/en/corp/

About Quantinuum

Quantinuum (NASDAQ: QNT) is a leading quantum computing company offering a full-stack platform designed to make quantum computing deployable in real-world environments. The company has commercially deployed multiple generations of quantum systems built on the well-established QCCD architecture, which it has implemented with novel designs and capabilities to achieve the industry’s highest accuracy levels based on average two-qubit gate fidelity.[1] Quantinuum has active engagements with market leaders across pharmaceuticals, material science, financial services, and government and industrial markets. The company has a global workforce of approximately 700 employees, including top scientists and researchers. Over 70% of its technology team holds PhDs or Master’s degrees. Quantinuum’s headquarters is in Broomfield, Colorado, with additional facilities across the United States, United Kingdom, Germany, Japan, Qatar, and Singapore.

For more information, please visit www.quantinuum.com.

Cautionary Statement Concerning Forward-Looking Statements

This press release contains certain statements that may be deemed “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that are not historical facts. The words “anticipate,” “assume,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “future,” “will,” “seek,” “foreseeable,” the negative version of these words, or similar terms and phrases are intended to identify forward-looking statements. Such statements are based on certain assumptions and assessments made by our management in light of their experience and their perception of historical trends, current economic and industry conditions, expected future developments and other factors they believe to be appropriate. The forward-looking statements included in this release are also subject to a number of material risks and uncertainties, including but not limited to economic, competitive, governmental, and technological factors affecting our operations, markets, products, services and prices. New factors emerge from time to time, and it is not possible for Quantinuum to predict all such factors. Any forward-looking statement speaks only as of the date on which it is made, and, except as required by law, Quantinuum does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

 

[1] As of December 31, 2025.

SOURCE Quantinuum

Continue Reading

Trending