Latest news with #globalchallenges
Yahoo
a day ago
- Business
- Yahoo
Odyssey Marine Exploration Applauds Cook Islands – United States Partnership to Develop Polymetallic Nodule Resources
TAMPA, Fla., August 06, 2025--(BUSINESS WIRE)--Odyssey Marine Exploration, Inc. (NASDAQ: OMEX), an ocean exploration pioneer engaged in the discovery, development, and extraction of strategic minerals that provide solutions to global challenges, today expressed strong support for the newly announced cooperation between the United States (U.S.) and the Cook Islands to advance scientific research and the responsible development of seabed mineral resources. "We commend the leadership of both the U.S. and Cook Islands governments in forging this innovative partnership," said Mark Gordon, Chief Executive Officer and Chairman of the Board of Odyssey. "This partnership is not only a bilateral success—it's a signal that the global approach to critical mineral supply chains is shifting. At Odyssey, we're proud to support science-based, collaborative efforts to unlock the seabed's potential, with a particular focus on phosphates for sustainable fertilizer and polymetallic nodules that supply key battery metals for the clean energy transition." Through its investments and service relationships with Ocean Minerals LLC and CIC Limited, Odyssey is active in advancing two of the three licensed exploration programs within the Cook Islands' Exclusive Economic Zone (EEZ)—home to an estimated 12 billion wet tonnes of polymetallic nodules. Drawing on decades of marine mineral expertise, Odyssey has collaborated with the Cook Islands government and stakeholders for over ten years, supporting both exploration initiatives and the development of a robust regulatory framework for seabed minerals. The Cook Islands has developed one of the world's most comprehensive and responsible frameworks for deep-sea mineral governance—an achievement built through years of proactive engagement, strategic planning, and collaboration with technical and industry partners. In recent weeks, Odyssey deployed two Autonomous Benthic Mini Landers (ABMLs) to the Cook Islands. This cutting-edge technology is designed to collect environmental data at depths of 5,500 meters, which is critical to developing responsible mineral programs. The Cook Islands–U.S. collaboration comes at a time when the United States is advancing a series of federal policy actions to unlock domestic offshore mineral potential and secure critical inputs for clean energy and infrastructure. Among these policy efforts is Executive Order 14285, which directs federal agencies to accelerate the responsible exploration and processing of seabed minerals on the U.S. Outer Continental Shelf (OCS). Odyssey is recognized as qualified to acquire and hold a minerals lease by the Bureau of Ocean Energy Management (BOEM) since 2021 and is ready and well-positioned to support this momentum. About Odyssey Marine Exploration Odyssey Marine Exploration, Inc. (NASDAQ: OMEX) is a global leader in ocean exploration with over 30 years of experience. The company is committed to the sustainable and responsible discovery, validation, and advancement of seafloor critical mineral projects, including polymetallic nodules for battery metals and subsea phosphate deposits for fertilizers. Offering comprehensive research, marine operations, and regulatory compliance support, Odyssey works with governments and seafloor rights holders worldwide. Odyssey develops its projects in collaboration with a global network of partners, academics, and industry professionals who share its commitment to environmentally sound solutions for obtaining minerals that address present and future global challenges. Learn more at Forward Looking Information Odyssey Marine Exploration believes the information set forth in this Press Release may include "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. Certain factors that could cause results to differ materially from those projected in the forward-looking statements are set forth in "Risk Factors" in Part I, Item 1A of the Company's Annual Report on Form 10-K for the year ended December 31, 2024, which was filed with the Securities and Exchange Commission on March 31, 2025. The financial and operating projections as well as estimates of mining assets are based solely on the assumptions developed by Odyssey that it believes are reasonable based upon information available to Odyssey as of the date of this release. All projections and estimates are subject to material uncertainties and should not be viewed as a prediction or an assurance of actual future performance. The validity and accuracy of Odyssey's projections will depend upon unpredictable future events, many of which are beyond Odyssey's control and, accordingly, no assurance can be given that Odyssey's assumptions will prove true or that its projected results will be achieved. View source version on Contacts Liz ShowsOdyssey Marine Exploration, Inc.(813) 876-1776lshows@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Al Jazeera
24-07-2025
- Business
- Al Jazeera
China's Xi calls for pragmatism at summit with EU in uncertain times
Chinese President Xi Jinping has said Europe and China must make the 'correct strategic choices' in the face of recent global challenges during a summit with top European Union officials, which comes at a particularly rocky time in their relationship. 'Faced with the rapidly evolving global changes of a century and the international situation of intertwined turmoil, Chinese and European leaders must … make correct strategic choices that meet the expectations of the people and stand the test of history,' Xi said, according to state news outlet CCTV. Xi's remarks on Thursday followed a meeting with EU Commission President Ursula von der Leyen and European Council President Antonio Costa, who are in Beijing for the 25th EU-China summit. The EU and China are marking 50 years of diplomatic relations amid thorny disagreements ranging from the EU-China trade deficit to Beijing's ongoing support for Russia's war machine. The event is the first in-person summit for Chinese and EU leaders since 2023, and more modest than initial plans for a two-day meeting in Europe. While expectations were low heading into the meeting, the EU and China are expected to sign an agreement on climate change and carbon emissions, Reuters news agency reported, citing European diplomats. Chinese state media and officials have also billed the summit as a chance for Beijing and the EU to normalise relations at a time of global uncertainty, stirred by United States President Donald Trump and others. Von der Leyen cast the EU-China meeting in a similarly positive light in a post on X on Thursday. 'This Summit is the opportunity to both advance and rebalance our relationship. I'm convinced there can be a mutually beneficial cooperation,' she wrote. 'One that can define the next 50 years of our relations.' 📍Touchdown in Beijing, as we mark 50 years of ties between Europe and China. This Summit is the opportunity to both advance and rebalance our relationship. I'm convinced there can be a mutually beneficial cooperation. One that can define the next 50 years of our relations. — Ursula von der Leyen (@vonderleyen) July 24, 2025
Yahoo
18-07-2025
- Business
- Yahoo
G20 finance chiefs approach consensus in South Africa despite US tariff tensions
DURBAN (Reuters) -Finance chiefs of G20 countries expressed optimism for an agreement on a common position on trade and other global challenges on Friday despite U.S. President Donald Trump's tariffs which have overshadowed their meeting. The G20, which emerged as a forum for cooperation to combat the 2008 global financial crisis, failed to reach a joint stance when finance ministers and central bankers met in February, to the dismay of hosts South Africa. An agreement now would be considered an achievement even though G20 communiques are not binding and the precise wording is unclear. Canadian Finance Minister Francois-Philippe Champagne told Reuters late on Thursday he was cautiously optimistic the meeting in the coastal city of Durban would result in a final communique. An official of another G20 country, who requested not to be identified, expressed similar optimism. South Africa, under its presidency's motto "Solidarity, Equality, Sustainability", has aimed to promote an African agenda, with topics including the high cost of capital and funding for climate change action. Delegates at the meeting sought to agree lines on global economic challenges, including the uncertainty created by trade tensions, as well as wording on climate finance. Two delegates said the challenge was establishing what language Washington would accept, a task made harder by the absence of U.S. Treasury Secretary Scott Bessent from the two-day meeting. Bessent skipped February's Cape Town gathering as well, which several officials from China, Japan and Canada also did not attend, even though Washington is due to assume the G20 rotating presidency in December. Bessent's absence was not ideal, but the U.S. had been engaging in discussions on trade, the global economy and climate language, said a G20 delegate, who asked not to be named. Finance ministers from Brazil, China, India, France and Russia also missed the Durban meeting, though South Africa's Central Bank Governor Lesetja Kganyago said what mattered was that all G20 countries were represented. In opening remarks on Thursday, South African Finance Minister Enoch Godongwana said the G20 had a critical role to reinforce rules-based cooperation and drive collective action on global challenges that no country could solve alone. "The need for bold cooperative leadership has never been greater," he said. Sign in to access your portfolio
Russia Today
13-07-2025
- Politics
- Russia Today
Russian and Chinese top diplomats hold talks
Russian Foreign Minister Sergey Lavrov met with his Chinese counterpart Wang Yi in Beijing on Sunday to discuss closer cooperation and global challenges, the Foreign Ministry in Moscow has announced in a statement. The talks came ahead of the upcoming Shanghai Cooperation Organization (SCO) Foreign Ministers' Council session in Tianjin. Both ministers expressed satisfaction with the progress of the two countries' comprehensive partnership, as well as the upcoming SCO meeting and its agenda, the ministry said in a press release. Additionally, Lavrov and Wang discussed relations with the US and the prospects for resolving the Ukraine conflict in accordance to the UN Charter, the statement said. The two ministers also addressed the tensions on the Korean Peninsula and the Israel-Iran conflict. The top diplomats discussed in depth the implementation of agreements made by Russian President Vladimir Putin and his Chinese counterpart Xi Jinping during their meeting in Moscow in May. Wang noted that the bond between Russia and China is the most stable, mature and strategically valuable among any of the world's major nations today, the Chinese Foreign Ministry said in a statement on Sunday. The top Chinese diplomat stressed that close contact with his Russian counterpart is important for the timely implementation of the consensus reached by Putin and Xi earlier this year. The current focus is to jointly prepare for future high-level meetings, deepen strategic cooperation, promote development of both countries and jointly respond to the challenges brought about by a turbulent and changing world, the ministry cited Wang as saying.
Fast Company
09-07-2025
- Business
- Fast Company
The secret behind innovation that matters: Scale
Everyone loves the 'aha' moment—that big idea, concept, or insight. But real impact happens when innovation takes root, at scale. This is where the rubber really meets the road. We are facing some of the biggest global challenges in decades—from socioeconomic changes and an aging population to climate impacts and the real need to feed our rapidly changing world. Innovation is how we turn challenges into ideas and actionable results. But it only matters when it can be scaled, making its way from whiteboards and pilot plants into the real world on shelves and in people's lives. So, what does it take to make that happen? The best recipe for scalable innovation starts with the right culture, partners, and willingness to stay the course. Build a culture of innovation You don't get world-changing ideas by staying comfortable. The essence of innovation is stepping into something new. Scaling innovation starts by intentionally building a culture of innovation, with the right mindset, beliefs and behaviors. My teams have done this by: Attracting top talent: Innovation begins with innovators. We consistently focus on recruiting deep expertise and curious minds to our team. Building world-class capabilities: Driving growth requires investing in capabilities needed for the future (looking at emerging spaces 3-5 years out) even in tough times. Focusing on customer and consumer needs: Know your 'why.' For us, it's fulfilling our purpose through solutions that deliver value to our customers and their consumers. Dedicated innovation and technical teams tagged to strategic customers have made all the difference. Enhancing innovation systems and processes. Governance and defined processes aren't optional. We got creative, working with our audit team to make innovation measurable and so it sticks. Innovation isn't just R&D. It's a mindset that thrives on experimentation, tolerates failure, and encourages rapid iteration. When you focus not only on the idea, but how that idea creates impact for customers across your organization or industry, that's where the magic happens. You can reinforce how your unique capabilities, processes, and portfolio connect, building conviction to act across an organization, together. Partnerships drive exponential possibility I've been asked a lot about what the benefits are of companies collaborating to drive scalable innovations. To me it's simple. Innovation is the ultimate team sport. No one succeeds alone. Period. Scaling innovations demands a connected system across the supply chain, geographies, and partners. This approach unites experts from academia, startups, VCs, suppliers, and brand-name companies around the same goal: finding science-driven innovations that work. Part of the equation is balancing profit, purpose, and demand. Innovations must make business sense and deliver profits. But you can't abandon ship at the first sign of short-term volatility. That's why this kind of integration is rare and powerful. Sharing risks and rewards requires a foundation of partnership, trust, and clear understanding of the role each of us plays in the full innovation ecosystem. For Cargill, which supports 30+ startups in 11 countries and almost every continent, partnership takes many forms. We have an early validation program to address the biggest startup challenges, moving from concept to scale. We also partner with universities and accelerators to advance critical research and innovations. And we partner with customers to achieve shared goals of improved health, nutrition, sustainability, and food system resilience Stay the course Great ideas are just the beginning. Too many innovations are celebrated early, hitting the top of the hype curve before getting filed away. Why? Because scaling isn't easy. Scale demands rigor, patience, and some grit. It takes science, systems, and the right incentives to stay committed long enough to see real results. It's the repeatable and reliable innovations that make the real difference, including those that are accessible. To make sure your innovations stick, build scalability into your innovation plans from the start. Think in systems, prioritize speed, and access and always collaborate. Balance delivering for today (we're all accountable to the bottom line) without losing sight of the long-term vision. The future belongs to those who not only imagine what's possible but who can build it at scale. That's how we move from 'aha' to innovations that truly change our world. Florian Schattenmann is CTO of Cargill.
