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Global Times: Summer Davos reaffirms openness and cooperation amid global uncertainty

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BEIJING, July 2, 2026 /PRNewswire/ — The opening ceremony of the World Economic Forum Annual Meeting of the New Champions 2026, commonly known as Summer Davos, was held in Dalian, Northeast China’s Liaoning Province, on June 24. The need for greater openness and cooperation resonated throughout the lively discussions among Chinese and international participants.

Chinese Premier Li Qiang delivered an address at the opening plenary of the Summer Davos on June 24 in Dalian, the Xinhua News Agency reported on June 24.

The Chinese economy has maintained “strong resilience and positive momentum” in kicking off the new five-year plan period, he noted, adding that its stability has provided the much-needed certainty and served as an important “safe harbor” in an increasingly uncertain world, Xinhua reported.

“We will expand market access, fully enforce national treatment for foreign enterprises, and keep fostering a world-class business environment. We warmly welcome businesses from around the world to China to invest and do business here, share in the new opportunities we offer, and join us in building a brighter future,” Li said.

For enterprises worldwide, “China Opportunity 2.0” represents comprehensive innovation-driven empowerment and high-return investment prospect, Li said. “For global development, ‘China Opportunity 2.0’ means broader access to advanced technologies and more widely shared development benefits,” he added.

China will continue to participate in global governance on artificial intelligence (AI) and other domains in a responsible and constructive manner, Li said, adding that China will work with related parties to strengthen institutional frameworks and rules, enhance regulatory effectiveness, and forcefully defuse potential risks.

Amid the growing global uncertainty, business leaders from around the world used the forum to voice strong support for openness and cooperation. Chinese experts said the premier’s remarks sent a clear signal of China’s commitment to innovation and opening-up, while the positive expectations voiced by participants toward the Chinese market underscored continued global confidence in the country’s economic prospects and innovation capabilities.

This year, Global leaders including Bangladeshi Prime Minister Tarique Rahman, Guinean Prime Minister Amadou Oury Bah, Kazakh Prime Minister Olzhas Bektenov, Prime Minister of the Republic of Korea (ROK) Kim Min-seok, Mongolian Prime Minister Nyam-Osor Uchral, Montenegrin Prime Minister Milojko Spajic, and around 1,800 representatives from government, business, academia, and other sectors around the world, attended the event, according to Xinhua’s report.

2026 marks the first year of China’s 15th Five-Year Plan (2026-30), with the policy direction underscoring the country’s sustained commitment to fostering innovation-led industrial development and further opening-up, experts said.

Amid growing risks of global economic fragmentation, this year’s Summer Davos delivered a clear message: openness, innovation, and cooperation remain essential to growth, and China stands ready to continue serving as a connector and driver of global development, Huang Bin, executive dean of the Institute of Chinese Modernization at Minzu University of China, told the Global Times.

Huang said China’s technological innovation and opening-up is increasingly generating global benefits, especially in AI and the digital economy, where wider use drives faster improvement, and China’s large market, complete industrial chain and rich application scenarios enable rapid technology iteration, supporting both domestic growth and global innovation.

“China is also providing key infrastructure support for the next wave of technological change, including energy, computing power, grids and digital networks, with its strengths in clean energy and digital infrastructure benefiting other countries as well,” he said.

Amid growing global uncertainty, representatives of international companies and institutions expressed support for openness and cooperation, and increasingly see China as a key destination for growth, innovation, collaboration, and market opportunities.

China is becoming an indispensable hub for innovation and consumption in multinational companies’ global strategies, Mark Harrison, Partner at KPMG China, told the Global Times in a statement. Harrison said continued policy support, a commitment to high-level opening-up, and efforts to maintain stable and healthy economic growth are creating a valuable window of opportunity for international businesses to deepen their presence in the Chinese market.

“Through Davos, China has once again sent a message that it is open to cooperation with the world, committed to maintaining stability, and willing to cooperate on energy and other areas. I think this is a very positive message for the international community,” Eric Tse, Chief Executive Officer of Sino Biopharmaceutical Limited, told the reporters after the opening ceremony.

Moreover, China’s signals of innovation and openness have also resonated with international technology companies.

When it comes to innovation, partnerships are crucial. “I believe China is one of the key stakeholders in this whole process. As global innovation continues, China will definitely advance and bring its power to the world,” Tse said.

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SOURCE Global Times

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Nearmap Launches itel Total Price, Bringing Guaranteed Whole-Home Pricing to Property Claims

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New solution delivers fulfillment-backed pricing across major exterior and interior building materials — backed by a comprehensive pricing database and available now within Verisk Xactimate®

SALT LAKE CITY, Aug. 25, 2026 /PRNewswire/ — Nearmap, the leading property intelligence provider, today announced itel Total Price, a new whole-home pricing solution that delivers guaranteed pricing for major exterior and interior building materials across the entire claim.

Property insurers continue to face growing pressure to settle claims faster while managing rising material costs, inconsistent estimates, and increased scrutiny around claims settlements. Disconnected pricing workflows and limited visibility into real-world sourcing conditions often lead to supplements, contractor disputes, and delays that impact both claim outcomes and policyholder satisfaction.

Powered by proprietary Nearmap property intelligence, itel Total Price gives insurers a defensible way to manage material pricing across the claim lifecycle. By embedding guaranteed pricing directly into the claims process, the solution helps reduce friction for adjusters, minimize supplements and disputes, and improve consistency from estimate through settlement.

“Insurers have told us they want material pricing backed by fulfillment without adding complexity to the adjuster workflow,” said Paul Disney SVP of Product at Nearmap. “itel Total Price gives carriers a single trusted source for guaranteed pricing across the entire home, helping improve claim outcomes within the trusted Verisk Xactimate(R) platform.”

At the core of itel Total Price is the industry’s most comprehensive building materials pricing database, built on more than 30 years of proprietary materials intelligence and historical pricing data from more than 15 million claims. Part of the Nearmap proprietary property intelligence platform, pricing is continuously validated using localized market data sourced from manufacturers, suppliers, contractors, retailers, distributors, and big box stores nationwide, enabling pricing that reflects real sourcing conditions and current market dynamics. The result is accurate, defensible pricing backed by the itel Guarantee, which ensures the fulfillment of the materials at the provided price.

In addition to real-time integrated pricing delivered nearly instantly within Xactimate®, the itel Total Price solution supports deeper, specification-driven analysis via the itel NOW mobile app and physical sample submission, both of which provide lab-verified, like-kind-and-quality pricing with typical same-day or next-day service. When adjusters encounter an unfamiliar material or need greater certainty, they have a clear, simple pathway to get the right answer, all included in the itel Total Price solution at no additional charge. 

Because of the unique combination of like-kind-and-quality analysis and market-specific pricing, early customers adopting itel Total Price are realizing up to a 10x return on investment through reduced supplement frequency, faster cycle times, less adjuster rework, and tighter control over indemnity spend.

“Property claims decisions are only as strong as the intelligence behind them,” said David Tobias, Chief Product Officer at Nearmap. “itel Total Price represents an important step forward in our vision to deliver connected property intelligence that enables faster, more consistent, and more defensible claims decisions across the entire home. When you combine 30 years of proprietary materials data with localized, real-time market intelligence and back it with a robust and proven fulfillment system, you get pricing that holds up from the estimate through to settlement.”

With new materials continuously added to increase indemnity improvement, exterior materials span complete roofing systems, including primary shingles, ice and water shield, roofing felt and ridge cap, as well as siding, exterior paint, windows, and doors. Interior coverage includes all major flooring categories and associated installation accessories, interior paint, drywall, cabinets, insulation, and more. Adjusters can easily receive pricing for nearly all materials in a claim with just two clicks in Xactimate, which frees them to focus on other critical parts of making policyholders whole.

itel Total Price further extends the Nearmap offering for the P&C industry, which supports insurers across the full claim lifecycle from pre-event impact predictability and preparation, all the way to property measurements and repairability analysis with guaranteed pricing and post-claim repair validation. itel Total Price is available today. To learn more, visit here.

About Nearmap

Nearmap is a global property intelligence company redefining how organizations understand and act on the built environment. By owning the entire intelligence value chain—from high-recency geospatial capture powered by patented camera technology to accurate AI-derived analytics and guaranteed building materials data—Nearmap delivers a single, trusted source of truth for property decisions. Insurers, government agencies, and AECO organizations rely on Nearmap to transform property uncertainty into evidence, helping organizations move beyond fragmented data and manual processes with verified, frequently updated insight. These proprietary insights enable faster, more confident decisions across underwriting and claims, assessment and response, and planning and construction so teams can see truth, assess risk, and act with certainty. Founded in Australia in 2007, Nearmap stands as the definitive source of truth that shapes the livable world.

For more information, visit www.nearmap.com.

Media Contact
Taylor Cenicola
Taylor.cenicola@nearmap.com

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SOURCE Nearmap

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Mitsubishi Motors Strengthens Future of the Brand in the United States Through Updated Momentum 2030 Plan

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Momentum 2030 serves as the catalyst for future U.S.-focused product development, dealer network expansion, and market share growthComprehensive product renewal strategy and expansion into new vehicle segments are central to Momentum 2030, including intent to re-enter the pickup truck segment through collaboration with NissanAll-new Eclipse Sportback battery-electric SUV will launch this fall, followed by a rugged, off-road-focused Outlander variant in the first quarter of 2027.Mitsubishi Motors Corporation also recently outlined its global mid-to long-term vision for strengthening the brand around the world, with a specific commitment to restoring brand strength in the United States.

FRANKLIN, Tenn., Aug. 25, 2026 /PRNewswire/ — Mitsubishi Motors Momentum 2030 is more than just a business plan for Mitsubishi Motors in the United States. It represents the company’s long-term commitment to strengthening the brand, expanding customer choice, and creating sustainable growth for customers, dealer partners, and employees alike.

Reinforcing that commitment, Mitsubishi Motors recently hosted a confidential, invitation-only dealer meeting where company leadership shared future product plans and strategic initiatives that will drive the next phase of growth for the brand, as well as revealing concepts and designs of models that will underpin this product-led growth.

Central to the North American strategy is an expanded focus on adventure-oriented and off-road-capable vehicles. As customer demand continues to shift toward more rugged and versatile products, Mitsubishi Motors will broaden its portfolio with vehicles designed to strengthen the brand’s presence in these growing segments.

As part of this strategy, Mitsubishi Motors also intends to re-enter the pickup truck segment in North America through its collaboration with Nissan, further expanding the brand’s reach and relevance in the U.S. market.

Momentum 2030 is built around four strategic pillars:

A path to electrificationA path to a renewed and expanded product lineup that strengthens Mitsubishi Motors in North AmericaA path to a modernized retail sales modelA path to network expansion and sustainable sales growth

In a separate announcement from Mitsubishi Motors Corporation in Japan, the company also announced the return of the legendary Pajero (Montero) nameplate. While no decision has been made regarding a U.S. introduction of this vehicle, the model’s return strengthens Mitsubishi Motors globally by reconnecting the brand with one of its most iconic and celebrated nameplates.

“When we launched Momentum 2030, many questioned whether such an ambitious vision could be achieved. Today, that vision is taking shape,” said Mark Chaffin, president and CEO of Mitsubishi Motors North America, Inc. “Mitsubishi Motors is fully committed, and the path forward for the U.S. market is clear. This is the most comprehensive growth plan we have ever undertaken in the region, built around delivering greater value to customers, creating new opportunities for our dealer partners, and strengthening the long-term future of the brand.”

In the near term, Mitsubishi Motors will expand its U.S. lineup from four vehicles today to six vehicles in 2027. The lineup will include the Outlander Sport; Eclipse Cross; the all-new Eclipse Sportback EV; Outlander; Outlander Plug-in Hybrid; and a new rugged Outlander variant, with the model name to be announced in the coming months.

Customers and dealer partners have consistently expressed a desire for Mitsubishi Motors to compete in additional segments. Through Momentum 2030, the company is delivering on that expectation with a broader product portfolio, expanded customer choice, and a clear vision for long-term growth.

ABOUT MITSUBISHI MOTORS NORTH AMERICA, INC.
Through a network of approximately 300 dealer partners across the United States, Mitsubishi Motors North America, Inc. (MMNA) is responsible for the sales, marketing, and customer service of Mitsubishi Motors vehicles in the U.S. MMNA’s five-year business plan – “Momentum 2030” – is Mitsubishi Motors’ strategic roadmap for growth in North America, focused on product expansion, electrification, retail modernization, network development, and increased market share. Through new vehicle introductions, enhanced customer experiences, and strengthened dealer partnerships, the plan is designed to restore brand strength and position Mitsubishi Motors for sustained success throughout the decade.

MMNA has its headquarters in Franklin, Tennessee, as well as corporate operations in California, Georgia, Michigan, and New Jersey.

For more information on MMNA, visit media.mitsubishicars.com.

Contact
Jeremy Barnes
Senior Director, Communications and Events
jeremy.barnes@na.mitsubishi-motors.com
Mobile: 615-970-8395

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SOURCE Mitsubishi Motors North America, Inc.

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Truist Premier deepens commitment to advice-led banking for mass affluent clients

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Truist Premier delivers personalized planning, advice-led relationships and exclusive benefits for clients with growing financial complexity

CHARLOTTE, N.C., Aug. 25, 2026 /PRNewswire/ — (NYSE: TFC) — As competition intensifies for mass affluent consumers, Truist today unveiled an expanded strategy and continued investment in advice-led banking through Truist Premier, an elevated experience designed for clients navigating increasing financial complexity. Truist Premier is a dedicated offering for mass affluent clients with $100,000 or more in assets that combines premium banking benefits, personalized financial planning, dedicated support, digital tools, and investment guidance1 from a Truist Investment Services financial advisor designed to help clients navigate increasing financial complexity.

Research conducted by Truist and Morning Consult found that while nearly all mass affluent consumers believe financial planning helps them achieve their goals, only 53% currently work with a professional financial advisor.

“Financial advice has never been more accessible, but clients still value partnership and a personalized plan,” said Truist Chief Consumer and Small Business Banking Officer Dontá Wilson. “Truist Premier is a digitally empowered, deeply relational experience built around knowing each client’s unique story and goals. This brings together digital innovation, dedicated guidance and human relationships to help clients achieve their ambitions with clarity.”

A premium offering built for financial complexity
Truist Premier supports clients with $100,000 or more in assets through an advice-led banking and investing approach tailored to a client’s evolving financial journey:

Planning Partnership:

Advice-led relationships: Access for all Premier clients to a team of advisors via the Client Advisory Center1 providing investment guidance and support tailored to their portfolios and goals.Plan-centered guidance: Truist Premier brings together personalized financial planning through a dedicated Premier advisor and investment guidance through a Truist Investment Services financial advisor to create tailored plans for clients, from comprehensive approaches to achieving specific goals for clients with $250,000 or more in assets.Integrated expertise: Truist Premier clients who are also Truist Small Business owners have access to qualified expertise to grow personal and business financial plans with a holistic view aligned to their portfolio needs.Purposeful digital innovation: A recently introduced digital financial planning experience for clients with $250,000 or more in assets gives clients more choice and flexibility tailored to their unique needs. Upcoming investments in digital planning will increase access, putting the power of financial planning into more clients’ hands.Relationship-focused growth: Truist is investing in expanding access to more clients, including hiring additional Premier advisors, accelerating its Premier Advisor Advancement Journey development program, and redesigning insights-driven branches to create space for deeper conversations.

Personalized Experience:

Dedicated support: Truist Premier clients receive dedicated support through Truist Premier Care Center1, providing priority access, coordinated service, and proactive assistance designed to help resolve needs quickly and keep clients focused on what matters most.Personalized touchpoints: Truist is driving a more personalized and connected experience as clients engage across channels, tailored to their portfolio and preferences.Insights-driven branch experience: AI-powered branch insights help teammates personalize conversations in real time, equipping bankers with relevant client context to deliver more meaningful guidance and a more tailored Premier banking experience.Tailored AI-powered insights: The AI-driven Truist Insights platform has delivered more than 2 billion personalized, real-time financial insights across mobile and online banking. Continued investment will further harness the power of AI to deliver tailored, actionable planning and advice.

Rewarding Relationship:

Benefits that grow: Truist will continue to invest in expanding exclusive banking benefits and lending discounts to reward clients as they deepen their Truist relationship.Purpose-built rewards: Recently introduced Truist Marquee Checking offers a premium checking experience with priority banking, enhanced benefits, higher transaction limits and waived fees.Experiential differentiation: Signature platforms such as the Truist Championship bring Truist’s relationship‑driven model to life through community-focused brand engagement touchpoints.

By introducing the Truist Premier brand, Truist is creating a more defined way to deliver a premium mass affluent banking experience. This builds on Truist’s strong track record of serving mass affluent clients and accelerates its multi-year strategic investment into distinctive products, insights-driven relationships and personalized experiences across channels. The strategic focus is driving client impact, with Premier deposit production increasing 27% since last year. 

“We’ve spent years working alongside mass affluent clients, and we’ve seen firsthand that they want more than transactions or standalone products,” said Truist Head of Premier and Branch Banking Scott Stearsman. “They want a partner who understands their goals, helps them navigate important financial decisions, and evolves with them as their needs change. Truist Premier brings that together through personalized advice, dedicated support, and meaningful rewards delivered with unwavering care.”

Together, Truist Premier and Truist Wealth provide a continuum of guidance and distinctive solutions that scale with clients as they build their wealth and their needs evolve. Truist clients with assets above $1 million will continue to be served by Truist Wealth. Truist clients with qualifying small business accounts will continue to be supported through integration with Truist Small Business, offering solutions and expertise tailored to the clients’ growing goals and needs.

To learn more, visit truist.com/premier.

1 Securities, brokerage accounts, and/or annuities are offered through Truist Investment Services, Inc. (“TIS”), member FINRA and SIPC. Investment advisory services are offered by Truist Advisory Services, Inc. (“TAS”), an SEC registered investment adviser.

About Truist
Truist Financial Corporation is a purpose-driven financial services company committed to inspiring and building better lives and communities. Headquartered in Charlotte, North Carolina, Truist has leading market share in many of the high-growth markets in the U.S. and offers a wide range of products and services through wholesale and consumer businesses, including consumer and small business banking, commercial and corporate banking, investment banking and capital markets, wealth management, payments, and specialized lending businesses. Truist is a top 10 commercial bank with total assets of $556 billion as of June 30, 2026. Truist Bank, Member FDIC. Equal Housing Lender. Learn more at Truist.com

Investment and Insurance Products: 
•Are not FDIC or any other Government Agency Insured •Are not Bank Guaranteed •May Lose Value

Truist Wealth is a marketing name used by Truist Financial Corporation (Truist). Truist Premier is a brand name used by Truist Bank, and Premier Advisors offer products and services through Truist Bank. Banking products and services, including loans, deposit accounts, trust and investment management services provided by Truist Bank, Member FDIC. Securities, brokerage accounts, and/or annuities offered by Truist Investment Services, Inc., member FINRA, SIPC, and a licensed insurance agency. Investment advisory services offered by Truist Advisory Services, Inc. and affiliated SEC registered investment advisers. Other insurance products are offered by third party insurance agencies unaffiliated with Truist Financial Corporation or any of its subsidiaries.

© 2026 Truist Financial Corporation. TRUIST, the Truist logo and Truist Purple are service marks of Truist Financial Corporation. All rights reserved.

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SOURCE Truist Financial Corporation

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