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Global Times: Xi’s trip marks new chapter in China’s relations with Latin America, showcases commitment to cooperating with Global South

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BEIJING, Nov. 21, 2024 /PRNewswire/ — Chinese President Xi Jinping’s visit to Latin America not only marks a new chapter in China’s relations with the continent but also underscores China’s commitment to advancing cooperation with and amplifying the voice of Global South nations, experts said. 

Xi left Brasilia on Thursday after attending the 19th G20 Leaders’ Summit and paying a state visit to Brazil. Brazilian senior officials bid farewell to Xi at the airport.

On the way to the airport, representatives of overseas Chinese, Chinese institutions and students waved the national flags of China and Brazil on both sides of the road, congratulating Xi on the complete success of the visit.

During his state visit to Brazil, President Xi and President Luiz Inácio Lula da Silva jointly announced to elevate China-Brazil ties to a China-Brazil community with a shared future for a more just world and a more sustainable planet, and to promote synergy between the Belt and Road Initiative and Brazil’s development strategies.

When asked to comment on the details, outcomes and highlights of President Xi’s visit to Brazil, Chinese foreign ministry spokesperson Lin Jian on Thursday said that the two presidents took stock of the past 50 years of China-Brazil relations, and agreed that the relationship is at its best period in history, is growing stronger in global, strategic and long-term significance, and has become an exemplar of common progress, solidarity and cooperation between major developing countries. 

Elevating the bilateral ties and synergizing the two countries’ development strategies will certainly enable the two countries to carry forward the past achievements in the relations and usher in the next “golden 50 years,” as well as to set an example for Global South nations to seek strength through unity and make new contributions to increasing the representation and voice of developing countries in global governance, according to Lin. 

President Xi also pointed out that next year marks the 10th anniversary of the official launch of the China-CELAC Forum. China stands ready to join hands with Brazil and other Latin American countries to take China-Latin American cooperation to new heights, Lin said. 

Emerging Global South

Chinese analysts said that President Xi’s Latin America trip highlighted China’s commitment to promoting development and cooperation among Global South countries as the country is positioning itself as a key player in promoting global peace, security, and development. 

In a written speech addressing the APEC CEO Summit 2024, Xi said that the principles of “plan together, build together and benefit together” should be followed, the representation and voice of the Global South should be enhanced continuously, and all countries should be ensured of equal rights, equal opportunities and equal rules in conducting international economic cooperation.

While addressing Session I of the 19th G20 Summit on Fight Against Hunger and Poverty, Xi said “there should be more bridges of cooperation, and less ‘small yard, high fences,’ so that more and more developing countries will be better off and achieve modernization.”

To build such a world, Xi calls for an “open, inclusive and non-discriminatory environment for international economic cooperation,” a “universally beneficial and inclusive economic globalization,” and support for developing countries in better integrating into digital, smart, and green development to bridge the North-South gap.

Xi also said that China will always be a member of the Global South, a reliable long-term partner of fellow developing countries, and a doer and go-getter working for the cause of global development.

Xi’s trip to Latin America not only serves as a new chapter for China’s relationship with the continent, but also highlighted China’s commitment to promoting development and cooperation among Global South countries, Yang Xiyu, a senior research fellow at the China Institute of International Studies, told the Global Times.

He noted that Global South countries are not only focusing on economic cooperation but are also playing an increasingly important role in international political and security matters. 

China has emphasized cooperation among the Global South in various multilateral platforms such as APEC and G20, effectively working to strengthen and elevate the collaboration in the international community. This aligns with the current trend of the Global South’s emergence, actively promoting deeper cooperation and enhancing influence within this group.

Within the Global South, the China-Latin America partnership represents a model of autonomous and reciprocal development. This partnership encourages other Global South countries to pursue mutually beneficial horizontal relationships, supporting a new multipolar order, Ronnie Lins, Brazilian economist and director of the China-Brazil Center for Research and Business, told the Global Times. 

By strengthening economic, cultural, and technological ties, China and Latin America have the potential to form a more cohesive bloc, promoting cooperation on global challenges such as inequality, sustainability, and innovation. This integration among emerging countries paves new pathways for development, amplifying the Global South’s voice and potentially redefining the global economic and political balance, said Lins. 

Head-of-state diplomacy 

President Xi kicked off his first state visits this year to France, Serbia and Hungary in May. 

Chinese Foreign Minister Wang Yi said at a press briefing that Xi’s Europe trip is a journey of carrying forward friendship, enhancing mutual trust, boosting confidence and charting the course for the future.

In July, Xi attended the 24th Meeting of the Council of Heads of State of the SCO in Astana, and made state visits to Kazakhstan and Tajikistan.

In October, Xi arrived in Kazan to attend the 16th BRICS Summit at the invitation of Russian President Vladimir Putin.

Noting that this year marks the 75th anniversary of the establishment of diplomatic relations between China and Russia, Xi told Putin that China-Russia relations have forged ahead despite wind and rain in the last 75 years and found the right way for two big, neighboring countries to get along with each other, characterized by non-alliance, non-confrontation, and not targeting any third party.

When meeting with US President Joe Biden on the sidelines of the 31st APEC Economic Leaders’ Meeting in Lima, Peru on November 16, Xi said that over the past four years, China-US relations have gone through ups and downs, but the two sides have also been engaged in dialogue and cooperation, adding that the relationship has remained stable on the whole.

Apart from promoting Global South cooperation, China’s diplomacy is also making efforts to stabilize relations with major powers such as the US, Russia, and Europe, said Yang. 

Yang said that the interactions among these major powers, especially with the US, Europe and Russia, not only affect bilateral relations but are also related to the overall stability of the international situation. The endeavor to stabilize relations among major powers reflects China’s ongoing commitment to promoting world peace and development.

Another characteristic is marked by China’s neighboring diplomacy, said Yang. 

China places great importance on its neighboring diplomacy, consistently prioritizing its neighbors within the overall framework of its foreign policy. President Xi previously put forward the principle of amity, sincerity, mutual benefit and inclusiveness to guide China’s neighborhood diplomacy, and also proposed an open and interconnected paradigm for Asia-Pacific cooperation. 

These principles have become the fundamental guidelines and direction for the development of China’s relations with neighboring countries, aiming to create a peaceful and stable diplomatic environment in the region, which benefits both China and those countries, said Xu Bu, president of Institute of International Development and Security Studies, Jiangsu University. 

Under the guidance of head-of-state diplomacy, China is maintaining stable relations with major countries, working hand in hand with neighboring countries, and collaborating with Global South countries for revitalization, said Xu, noting that in doing so, China is charting a course for world peace, security, and development, writing a new chapter in its diplomacy with Chinese characteristics.

 

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SOURCE Global Times

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Caladium Systems Launches Happiffie, India’s First AI-powered Celebration Platform

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CHENNAI, India, July 24, 2026 /PRNewswire/ — Caladium Systems today announced the launch of Happiffie, India’s first AI-powered Celebration Growth Platform, introducing a smarter way for customers to discover, compare, book, and manage celebrations while helping businesses connect with high-intent customers through intelligent technology.

Designed for weddings, birthdays, corporate events, social celebrations, parties, festivals, and more, Happiffie brings together over 400 celebration occasions and 1,000+ celebration experiences on a single AI-powered platform.

India’s celebrations industry continues to rely heavily on referrals, manual coordination, inconsistent pricing, and fragmented vendor discovery. Happiffie addresses these challenges by combining AI-powered recommendations, transparent price discovery, secure bookings, payments, and event management into one seamless platform.

A key innovation is Happiffie’s Reverse Auction, where customers simply submit their celebration requirements and verified vendors compete by offering customised proposals. Instead of spending hours searching and negotiating, customers can compare multiple qualified offers and choose the vendor that best matches their preferences and budget.

“Customers can now book the experience of their choice with the vendor of their choice, in the budget of their choice. At the same time, vendors receive qualified business opportunities matched to their category, location and capabilities, creating value for both sides of the marketplace,” said Pradhyumna T Venkat, Founder & CEO, Happiffie.

“Every major industry eventually reaches a point where technology fundamentally changes how it operates. Travel did. Hospitality did. Mobility did. We believe celebrations are next,” added Pradhyumna.

The platform is powered by Experience Intelligence™, a proprietary framework that combines over 15 years of celebration industry expertise with Artificial Intelligence to deliver smarter recommendations based on customer intent, preferences, and celebration needs.

Whether planning a wedding, birthday, corporate event, baby shower, anniversary, or festival celebration, customers can manage the entire journey—from vendor discovery and quotations to payments and execution—through a single platform.

Alongside its launch, Happiffie has opened registrations for vendor partners across Chennai and Tamil Nadu, with a phased expansion planned across India. The platform aims to build one of the country’s largest AI-powered celebration ecosystems, helping businesses generate qualified leads and grow more efficiently.

“Our vision is not simply to build another marketplace but to create the technology infrastructure that powers celebrations. Reverse Auction is the first step towards building a smarter, more transparent, and AI-driven celebration economy that benefits both customers and businesses alike,” added Pradhyumna.

Built on the experience of planning and executing over 5,000 weddings and celebrations, Happiffie combines deep industry expertise with AI to simplify celebration planning and transform how India celebrates.

For more information, visit www.happiffie.com. Vendor registrations are now open at www.happiffie.com/vendor-registration.

About Happiffie

Happiffie is India’s first AI-powered Celebration Platform, connecting customers, venues, event professionals, and celebration businesses through one intelligent ecosystem. Built on over 15 years of industry expertise, the platform combines Artificial Intelligence with Experience Intelligence™ to deliver smarter celebration planning across more than 1,000 celebration experiences spanning weddings, corporate events, birthdays, social celebrations, parties, and festivals.

Contact

Pradhyumna T Venkat
Founder & CEO
pradhyumna@happiffie.com
+91-7299002990

Logo: https://mma.prnewswire.com/media/3007635/Happiffie_Logo.jpg

 

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Beko Publishes 2025 Integrated Report, Charting Years of Progress Toward Net Zero

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As Beko releases its 2025 Integrated Report, the company’s third consecutive inclusion on TIME’s global sustainability ranking — retaining the #1 position in its industry — underscores the progress documented within it.

ISTANBUL, July 24, 2026 /PRNewswire/ — Beko published its 2025 Integrated Report, offering a comprehensive account of the company’s financial, environmental and social performance over the past year. In parallel, Beko has been named one of TIME Magazine’s World’s Most Sustainable Companies for the third year running, retaining the #1 position in its industry. The recognition, awarded in partnership with Statista, independently corroborates years of deliberate, measurable progress.

The report documents concrete results across Beko’s global manufacturing footprint. In 2025:

Energy efficiency projects across production sites saved 69,562 GJ of energy, avoiding 5,297 tonnes of CO₂e emissions.Waste recycling across all manufacturing facilities reached 98.6%, against a target of 99%.Renewable energy installed capacity reached 96 MWp, up from 90.2 MWp the prior year. Beko also reached 63.5% green electricity on the path to 100% across all manufacturing by 2030.Water efficiency and rainwater harvesting projects across locations delivered total water savings of 219,114 m3.

Behind these figures is a broader manufacturing transformation. Three of Beko’s manufacturing facilities have been recognised within the World Economic Forum’s Global Lighthouse Network, with the Ulmi plant earning the additional, and rarer, designation of Sustainability Lighthouse. The principles behind Ulmi’s approach are being extended across Beko’s broader manufacturing ecosystem, as the company scales low-impact production. Beko currently operates 13 smart factories globally — equipped with artificial intelligence, machine learning and robotics capabilities — with a target of 17 by the end of 2026.

On the circular economy side, Beko’s refurbishment centres across multiple locations reintroduced more than 148,000 appliances into the market in 2025 alone. The company recycled 1.98 million WEEE units through its own recycling facilities since 2014, and used 31,665 tonnes of recycled plastics in its products in 2025.

Across its product portfolio, 72.6% of Beko’s turnover in 2025 came from low-carbon products — a figure that reflects both the scale of the company’s energy-efficient product range and growing consumer demand for appliances that address environmental concerns.

“Being recognised by TIME three years in a row matters because it reflects that sustainability is a foundational part of Beko’s business,” said Can Dinçer, CEO of Beko. “Our factories undergo a twin transformation where we encounter both decarbonization and digitalization. That progress is deliberate and measurable, and our Integrated Report sets out exactly how. As the world prepares for COP31, the most credible thing a company can do is demonstrate its work rather than declare it. That is what we are doing.”

TIME’s annual list evaluates more than 5,000 companies worldwide across environmental and social performance, transparency and ESG reporting. Beko’s continued inclusion under increasingly rigorous standards points to a business model where sustainability is structurally embedded across operations, supply chains and product portfolios.

In addition to its Integrated Report, the Company has also published its second TSRS-compliant sustainability report, prepared in accordance with the Türkiye Sustainability Reporting Standards (TSRS), Türkiye’s adoption of the IFRS Sustainability Disclosure Standards issued by the International Sustainability Standards Board (ISSB). The report is publicly available and provides detailed disclosures on the company’s climate-related risks, opportunities, governance, strategy and performance.

About Beko

Beko is an international home appliance company with a strong global presence, operating through subsidiaries in more than 55 countries with a workforce of around 45,000 employees and production facilities spanning multiple regions—including Europe, Asia, Africa, and the Middle East. Beko has 22 brands owned or used with a limited license (Arçelik, Beko, Whirlpool*, Grundig, Hotpoint, Arctic, Ariston*, Leisure, Indesit, Blomberg, Defy, Dawlance, Hitachi*, Voltas Beko, Singer*, ElektraBregenz, Flavel, Bauknecht, Privileg, Altus, Ignis, Polar). Beko is the largest white goods company in Europe with its market share (based on volumes) and reached a consolidated turnover of 10.7 billion Euros in 2025. Beko’s 28 R&D and Design Centers & Offices across the globe are home to over 2,000 R&D employees and hold more than 4,500 international registered patent applications to date. The company has achieved the highest score in the S&P Global Corporate Sustainability Assessment (CSA) in the DHP Household Durables industry for the seventh consecutive year (based on the results dated 16 October 2025).** The company has been recognized as the 89th most sustainable company on TIME Magazine and Statista’s 2026 list of the World’s Most Sustainable Companies and has been the sector leader for three consecutive years. Beko’s vision is ‘Respecting the World, Respected Worldwide.’ 

www.bekocorporate.com

*Licensee limited to certain jurisdictions.
**The data presented belongs to Arçelik A.Ş., a parent company of Beko.

 

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SOURCE Beko

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JustMarkets Releases Market Analysis on How Foreign Exchange Markets React to CPI Surprises

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HO CHI MINH CITY, Vietnam, July 24, 2026 /PRNewswire/ — JustMarkets today released a new market analysis examining how foreign exchange markets react to Consumer Price Index (CPI) surprises and outlining key considerations for traders preparing for inflation data releases. The analysis explains why the gap between actual CPI data and market expectations, rather than the headline inflation figure itself, is often the primary driver of currency market movements.

What people often miss on CPI day is that the number itself isn’t what moves the market. The common reaction is to check whether the headline number is high or low, but it’s all priced in advance. According to JustMarkets, the real driver of EUR/USD is the gap between the actual number and what the market was positioned for.

Even an unchanged reading can cause dollar weakness if traders expect higher inflation, while weaker numbers that beat consensus expectations may drive dollar strength. Citing Federal Reserve research, the price driver is a surprise component rather than the headline.

Why the Expectation Gap Is More Important Than the Level

Forex is driven by expectations for interest rate decisions, with inflation impacting central bank policy. Key factors influencing this reaction include:

Main factors:

Monthly CPI and core CPICore services inflationRevisions to the previous period dataCentral banks policy pricing

Year-over-year data is less important in terms of price impact than monthly and core data.

How to Calculate Surprise

Start with the simplest metric: Surprise = Actual CPI − Consensus CPI. 

Consensus comes from the economic calendar’s forecast and reflects the market positioning. And then you need to check the market reaction through rates. The sequence typically runs: CPI surprise → change in front-end yields → USD movement → the sentiment adjustment.

Traders frequently employ this methodology in combination with the JustMarkets Economic Calendar to track high-impact releases in real time.

What the Intraday Move Actually Looks Like

CPI reactions usually happen in three stages. The first one is a headline shock with the potential algorithm’s reaction within a few seconds. Then comes the interpretation stage, with a time frame of 15-60 minutes and analysis of core numbers and yield confirmation. And then either continuation or reversal happens.

Approaches to Trading CPI Day

There are two common approaches to CPI.

The momentum approach requires the consistency of headlines and core surprises with yields’ confirmation. Most traders wait until the first minute’s candle is closed to avoid false signals.The fade approach requires dislocations like the absence of yield confirmation to FX movement or dislocations between headlines and core numbers. In this case, traders wait 10−20 minutes for exhaustion of the initial move and reversal setup search.

Risk management is crucial. Most traders limit their position size to 0.25%-0.50% of their equity because of widening spreads and slippage. Sometimes the decision to trade off is more optimal during extreme volatility than forced entry.

One Way to Prepare for the Next CPI Day Release

A simple way to get ready is to monitor EUR/USD, GBP/USD, USD/JPY pairs and an economic calendar with events’ importance. The workflow is simple: Economic calendar → release → Trading platform.

The final step brings traders to the execution platform. Many turn to JustMarkets, which offers CFDs on these currency pairs, with execution stability and fast market access that make it well suited for high-volatility macro events.

Disclaimer: For informational purposes only. Trading financial instruments involves significant risk and may not be suitable for all investors. Ensure you understand the risks involved and trade responsibly.

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SOURCE Just Global Markets Ltd

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