Day: February 13, 2025

Geneva, Feb. 13, 2025 (GLOBE NEWSWIRE) — FIA PRESIDENT ADDRESSES UNITED NATIONS IN GENEVA CALLING FOR ACTION AROUND INLAND TRANSPORT AND MOBILITY

• Mohammed Ben Sulayem, FIA President, addressed the UN Inland Transport Committee as an integral part of its 87^th Session: Success and Challenges for Inland Transport in the Road to 2030
• Ben Sulayem called on delegates and global leaders to continue their efforts and increase international cooperation efforts
• The Session marked the mid-point of the ITC 2030 Strategy

Speaking at the Palais de Nations in Geneva, the Fédération Internationale de l’Automobile (FIA) President, Mohammed Ben Sulayem, addressed the United Nations Economic Commission for Europe (UNECE) Inland Transport Committee (ITC) during its 87^th Session.

The Session, Success and Challenges for Inland Transport in the Road to 2030, marks the mid-point of the ITC 2030 Strategy and provides the opportunity to review the implementation of the Strategy to date, while discussing the ambitions, successes, and challenges on the path to achieving the strategic objectives.

The ITC Strategy until 2030 is focused around four pillars, whilst also stipulating road safety as a special priority:

• Development of regional and global inland transport conventions
• Support to new technologies and innovations
• Support to regional, interregional, and global inland transport policy dialogues
• Promotion of sustainable regional and interregional inland transport connectivity and mobility

Addressing the Ministerial Session, Ben Sulayem called for action, urging the delegates in attendance to continue their work in making cross-border travel smoother, customs clearance faster, and hazardous goods transport safer.

Calling on global leaders to bolster international cooperation efforts, he said: “We much accelerate implementation, strengthen enforcement, and deepen public-private partnerships. Connectivity must not be a privilege – it must be a right.”

Setting out the clear priorities, Ben Sulayem asked the Session to focus their attention on:

1. Digitalisation of transport procedures: The full implementation of eTIR and eCPD to cut delays and lessen administrative burdens via innovative technological solutions
2. Investment in sustainable infrastructure and fuels: With climate-related risks projected to reach $122 billion, transport corridors must align with decarbonisation goals
3. Stronger public-private partnerships: Leveraging expertise from international organisations and industry leaders, uniting in shared knowledge and continuing the momentum created by the near 1,800 partnerships – many in transport – that are already in place in Europe with a worth of $336 billion

Concluding his address, the FIA President said: “I have dedicated decades to advancing sustainable and connected mobility, and I know what is possible when we turn agreements into actions – and action into lasting change. Now is the time to deliver.”

The ITC is the UN platform to help efficiently address global and regional needs in inland transport. Over the last 75 years, together with its subsidiary bodies, the ITC has provided an intergovernmental forum, where UNECE and United Nations Member States come together to forge tools for economic cooperation and negotiate and adopt international legal instruments on inland transport.

The UNECE is one of the five regional commissions under the jurisdiction of the United Nations Economic and Social Council and was established to promote economic cooperation and integration.

About Fédération Internationale de l’Automobile (FIA)

The Fédération Internationale de l’Automobile (FIA) is the governing body for world motorsport and the federation of the world’s leading motoring and mobility organisations.

Founded in 1904, with headquarters in Paris and Geneva, the FIA is a non-profit organisation. It brings together 245 motoring and motor sport club members from 149 countries across five continents. Its Member Clubs represent millions of motorists, mobility users and motor sport professionals and volunteers.

The FIA is a central player in upholding the principles of safety and freedom of mobility and defending mobility’s role as an enabler of sustainable development, with actions focused on three key levers.

1. Advocating for the reduction of barriers preventing road users from making more sustainable and safe transport choices
2. Raising awareness and providing data for consumers and policymakers to encourage environmentally responsible behaviour
3. Accelerating energy efficiency and low-emission technologies

In motor sport, it administers the rules and regulations for all international four-wheel sport, including across all 7 FIA World Championships, to ensure fair, capably regulated and safe events are conducted in all corners of the globe. In the realm of Mobility, the FIA aims to ensure that safe, affordable and clean systems of transport are available to all.

Attachments

• Palais de Nations in Geneva
• Mohammed Ben Sulayem, Fédération Internationale de l’Automobile (FIA) President

FIA
[email protected]

GlobeNewswire Distribution ID 9357928

VICTORIA, Seychelles, Feb. 13, 2025 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, has announced that its Protection Fund achieved a valuation of $648 million in January 2025, reflecting sustained growth and stability in the crypto market. The fund, designed to provide financial security for users during volatile market conditions, continues to demonstrate its resilience and importance as Bitcoin and other digital assets experience significant price movements.

In January 2025, Bitget’s Protection Fund reached a peak valuation of $690 million, maintaining its upward trajectory as Bitcoin traded within a range of $87,000 to $105,000. Throughout January, the Protection Fund maintained an average valuation of approximately $648 million, playing its vital role as a reliable safeguard for user assets amid fluctuating market conditions.

“The consistent growth of our Protection Fund aligns with our focus on advancing security and building user trust,” said Gracy Chen, CEO of Bitget. “As the crypto market evolves, we remain committed to providing a secure and transparent environment for our users, enabling them to navigate the market with confidence.”

Bitget’s Protection Fund Average Hits $648M in January 2025

Bitget’s Protection Fund Average Hits $648M in January 2025

Launched in 2022 with an initial commitment of $300 million, the Protection Fund has grown steadily, offering users enhanced security during periods of market volatility. This latest valuation reflects Bitget’s robust risk management framework, which ensures the fund remains well-capitalized to protect user assets even during heightened market activity. The fund’s performance in January aligns with broader market trends, including increased institutional interest and regulatory developments that continue to shape the crypto landscape.

In addition to the Protection Fund, Bitget’s Proof of Reserves maintains a 1:1 reserve ratio, further reinforcing transparency and trust. Recently Bitget was announced on the list of top trusted crypto platforms by Forbes. These initiatives collectively position Bitget as a leading exchange that prioritizes user security and confidence in an ever-changing market environment.

For detailed Protection Fund and Proof of Reserves reports, visit here.

About Bitget

Established in 2018, Bitget is a leading cryptocurrency exchange and Web3 company, serving over 100 million users across 150+ countries and regions. The Bitget exchange is dedicated to empowering users with innovative trading solutions, including its pioneering copy trading feature, while providing 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 offering comprehensive Web3 solutions, including wallet functionality, token swaps, an NFT marketplace, and a DApp browser.

Bitget continues to drive crypto adoption through strategic partnerships, including its role as the Official Crypto Partner of LALIGA in the EASTERN, SEA, and LATAM markets, as well as its collaboration with Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist), and İlkin Aydın (Volleyball national team). These partnerships aim to inspire global communities to embrace the future of cryptocurrency.

For more information, visit:

Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet

For media inquiries, please contact:

[email protected]

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.

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GlobeNewswire Distribution ID 1001048362

WASHINGTON, Feb. 13, 2025 (GLOBE NEWSWIRE) — EB5 Capital, a leading Regional Center operator in the EB-5 industry, announced today that it has received a partial $12.38 million repayment from the recapitalization of the 1401 Penn (JF20) project.

The remaining $4.62 million balance of the $17.0 million EB-5 investment will remain invested in the project alongside a new senior lender and preferred equity provider.

Completed in July 2020, JF20 is a mixed-use development featuring a seven-story, 167-unit apartment community and over 20,000 square feet of ground-floor retail in Washington, D.C.’s historic Capitol Hill neighborhood. On the ground floor of the property is The Roost, a 12,500 square foot food hall operated by Neighborhood Restaurant Group featuring 12 individual food and beverage concepts. The dynamic food hall has received critical acclaim and is quickly becoming a premier destination on Capitol Hill.

“The repayment of an EB-5 investment by a developer is an important moment in our business cycle,” said Brian Ostar, President of EB5 Capital. “We take great pride in the level of scrutiny potential deals go through. The return of funds reaffirms our investment due diligence process and highlights our team’s ability to identify viable EB-5 investment opportunities for our investors.”

This repayment marks the 18th EB5 Capital project where the company can begin returning funds to investors.

About EB5 Capital

EB5 Capital provides qualified foreign investors with opportunities to invest in job-creating commercial real estate projects under the United States Immigrant Investor Program (EB-5 Visa Program). Headquartered in Washington, DC, EB5 Capital’s distinguished track record and leadership in the industry has attracted investors from over 75 countries. As one of the oldest and most active Regional Center operators in the country, the firm has raised over $1.3 billion of foreign capital across approximately 45 EB-5 projects. 100% of our investors’ funds are protected by the Federal Deposit Insurance Corporation (FDIC) insurance prior to their deployment into our projects. Please visit www.eb5capital.com for more information.

Contact:
Katherine Willis
Director, Marketing & Communications
[email protected]

GlobeNewswire Distribution ID 9357652