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World’s First! 100 Autonomous, All-Electric Mining Trucks Officially Begin Operations at Huaneng Yimin Mine

XCMG Delivers 100 All-Electric, Autonomous Mining Trucks to Yimin Mine, Pioneering Global Zero-Carbon Mining

HULUNBUIR, China, May 28, 2025 /PRNewswire/ — In a landmark achievement for sustainable mining, (“XCMG”, SHE:000425) has successfully delivered 100 units of all-electric, unmanned mining trucks to the Huaneng Yimin Open-Pit Coal Mine in Inner Mongolia, China. This milestone establishes the Yimin Mine as the world’s first mining site to operate a fleet of 100 zero-carbon, fully autonomous electric haul trucks, marking a transformative leap in green and intelligent mining practices.

World’s First! 100 Autonomous, All-Electric Mining Trucks, Delivered by XCMG, Officially Begin Operations at Huaneng Yimin Mine.
World’s First! 100 Autonomous, All-Electric Mining Trucks, Delivered by XCMG, Officially Begin Operations at Huaneng Yimin Mine.

“This initiative represents a convergence of energy, technological, equipment, and commercial revolutions,” Yang Dongsheng, chairman of XCMG Group and XCMG Machinery, hailed the project as a triumph of cross-industry collaboration. “By partnering with industry leaders, XCMG has delivered a world-class blueprint for global green, intelligent mining. Starting with autonomous electric trucks, we will expand to unmanned excavators, drilling rigs, and loaders, creating a comprehensive zero-carbon, unmanned mining ecosystem.”

The world’s first fleet of 100 all-electric and autonomous mining trucks is the world’s first integrated system combining smart battery-swapping technology, autonomous vehicle clusters, and green energy solutions. The system incorporates cutting-edge innovations such as unmanned driving, 5G connectivity, AI-powered safety management, and photovoltaic-generated electricity.

The autonomous, all electric mining trucks have achieved high-efficiency performance benchmarks:

  • Extreme Weather Resilience: Operate seamlessly in temperatures as low as -40°C, supporting round-the-clock operations.
  • Rapid Battery Swapping: Fully automated battery replacement in under 6 minutes.
  • Superior Productivity: 120% efficiency compared to traditional manned fleets.

Annually, the 100-vehicle fleet will replace over 15,000 tons of diesel consumption and reduce CO2 emissions by 48,000 tons, underscoring its role in combating climate change.

Li Shuxue, Chairman of Huaneng Inner Mongolia East Energy Co., Ltd., emphasized the project’s broader significance: “This fully domestic, zero-carbon solution empowers mining with AI, enhances safety, and accelerates the industry’s digital transformation. It is a pivotal step toward overcoming reliance on imported heavy equipment and advancing China’s high-quality development in mining.”

XCMG remains committed to driving the future of mining through digitalization, intelligent innovation, and sustainable practices. By fostering strategic partnerships and sharing expertise, the company aims to set new global standards for smart, zero-carbon mining while contributing innovative solutions to the world.

 

AMINA Bank Emerges as Switzerland’s Fastest-Growing Crypto Bank with 69% Revenue Surge

Assets under management soar 136% to $4.2B following strategic transformation

ZUG, Switzerland, May 28, 2025 /PRNewswire/ — AMINA Bank AG, a global crypto bank licensed in Switzerland, is pleased to announce its record financial performance for 2024, cementing its position as Switzerland’s fastest-growing crypto bank. The bank has demonstrated outstanding growth with a 69% surge in revenue to USD $40.4 million and a remarkable 136% increase in assets under management (AUM) to $4.2 billion. The results validate the business’ strategic transformation toward a global, client-first crypto banking leader.

Franz Bergmueller, CEO of AMINA Bank said, “Our global, client-first strategy has delivered exceptional results in 2024 and proves how the market responds when you put your clients at the centre of your business. I’m incredibly proud of our team’s tenacity and focus, which led to quarterly profitability in Q4 2024 – a pivotal milestone that confirms the value of our approach. With our current group geographical footprint – spanning multiple jurisdictions, offering 24/7 trading capabilities, and maintaining zero default in our lending book over five years – we are uniquely prepared to support our clients through the fast-paced changes of the crypto industry.”

Alongside its significant revenue growth, AMINA’s self-funded approach and operational excellence in the past three years has placed the bank at a sustainable competitive advantage. This strategy delivered $801 million in net new assets (NNAs) in 2024 along with 40% growth in derivatives revenue driven by client demand for risk management solutions.

Significant technology investments have been made under the new CTO leadership to develop a proprietary crypto banking platform and a modern online and mobile experience, all launching later this year. Supported by a scalable and API-driven architecture, these platforms support B2C, B2B, and B2B2C models while delivering seamless secure client integration and rapid adaptability to market demands, ensuring both AMINA and its clients remain agile, as the industry continues to evolve.

Alongside these technology investments, AMINA’s strategic partnerships with major players in both Web3 and traditional finance have reinforced its position as a key bridge between traditional and digital finance. Collaborations with industry leaders have fueled the bank’s growth by expanding its product capabilities and market reach.

“Our strong financial fundamentals underpin this exceptional growth trajectory, demonstrating our strength and agility to support our clients through any market conditions,” added Mike Foy, CFO of AMINA Bank. “AMINA’s Liquidity Coverage Ratio is 228%, up from 219% in 2023. In addition, our CET1 capital ratio, which compares a bank’s capital against its risk-weighted assets, is more than double the regulatory requirement at 34%, despite an increase in risk-weighted assets as a result of our expansion.”

With the acceleration of institutional adoption and demand for regulated solutions, AMINA has established itself as an essential infrastructure provider at crypto’s critical inflection point. The demand for AMINA’s institutional-grade risk management has never been higher, attracting almost 20 B2B2C partners including some of Europe’s largest private banks, with expectations to reach 30 partners by year-end. AMINA’s foundation in Switzerland has enabled remarkable international expansion, with revenue from its Abu Dhabi operations growing 150% year-over-year and Hong Kong accelerating by 570%. Across all jurisdictions, demand for banking services has increased significantly, resulting in the doubling of its banking revenue year-over-year.

In August 2019, AMINA Bank AG received the Swiss Banking and Securities Firm License from the Swiss Financial Market Supervisory Authority (“FINMA”). In February 2022, AMINA Bank AG, Abu Dhabi Global Markets (ADGM”) Branch received Financial Services Permission from the Financial Services Regulatory Authority (“FSRA”) of ADGM to Advise on Investments or Credit, Arrange Deals in Investment, Arrange Credit and Arrange Custody for Professional Clients as defined in the Conduct of Business (“COBS”) Rulebook. In November 2023, AMINA (Hong Kong) Limited received its Type 1 (Dealing in Securities), Type 4 (Advising on Securities) and Type 9 (Asset Management) licenses from the Securities and Futures Commission (“SFC”).

Note: All percentage changes are presented as year-over-year comparisons unless otherwise specified.

AMINA CEO Franz Bergmueller is available for interview

About AMINA — Crypto. Banking. Simplified.

Founded in April 2018 and headquartered in Zug, AMINA Bank is a pioneer in the financial industry. In August 2019, AMINA received a Swiss banking and securities dealer license from FINMA. The broad, vertically integrated spectrum of services, combined with the highest security standards, make AMINA’s value proposition unique. AMINA operates globally from its regulated hubs in Switzerland, Abu Dhabi, and Hong Kong to offer fiat and crypto services to progressive investors, traditional and crypto-native alike, whether individuals, corporates, or institutions.

CVVC Global Report and CB Insights named AMINA as one of the Top 50 Companies within the blockchain ecosystem. Aite Group awarded AMINA their 2021 Digital Wealth Management Impact Innovation Award in the ‘Digital Startup of the Year’ category, and LinkedIn listed AMINA as one of the Top Startups 2021 in Switzerland. In 2022, AMINA won the Digital Assets Offering or Service at the WealthBriefing Swiss EAM Awards, and the bank was also recognised for its product offering SEBAX and won the Best ETP of the Year award at the Swiss ETF Awards 2022. In 2023, AMINA won the European WealthBriefing Award in the Digital Assets Solution, Fund Manager category.

To learn more about AMINA, visit www.aminagroup.com

 

World’s First! 100 Autonomous, All-Electric Mining Trucks Officially Begin Operations at Huaneng Yimin Mine

XCMG Delivers 100 All-Electric, Autonomous Mining Trucks to Yimin Mine, Pioneering Global Zero-Carbon Mining

HULUNBUIR, China, May 28, 2025 /PRNewswire/ — In a landmark achievement for sustainable mining, (“XCMG”, SHE:000425) has successfully delivered 100 units of all-electric, unmanned mining trucks to the Huaneng Yimin Open-Pit Coal Mine in Inner Mongolia, China. This milestone establishes the Yimin Mine as the worlds first mining site to operate a fleet of 100 zero-carbon, fully autonomous electric haul trucks, marking a transformative leap in green and intelligent mining practices.

World’s First! 100 Autonomous, All-Electric Mining Trucks, Delivered by XCMG, Officially Begin Operations at Huaneng Yimin Mine.
World’s First! 100 Autonomous, All-Electric Mining Trucks, Delivered by XCMG, Officially Begin Operations at Huaneng Yimin Mine.

This initiative represents a convergence of energy, technological, equipment, and commercial revolutions,” Yang Dongsheng, chairman of XCMG Group and XCMG Machinery, hailed the project as a triumph of cross-industry collaboration. “By partnering with industry leaders, XCMG has delivered a world-class blueprint for global green, intelligent mining. Starting with autonomous electric trucks, we will expand to unmanned excavators, drilling rigs, and loaders, creating a comprehensive zero-carbon, unmanned mining ecosystem.”

The world’s first fleet of 100 all-electric and autonomous mining trucks is the worlds first integrated system combining smart battery-swapping technology, autonomous vehicle clusters, and green energy solutions. The system incorporates cutting-edge innovations such as unmanned driving, 5G connectivity, AI-powered safety management, and photovoltaic-generated electricity.

The autonomous, all electric mining trucks have achieved high-efficiency performance benchmarks:

  • Extreme Weather Resilience: Operate seamlessly in temperatures as low as -40°C, supporting round-the-clock operations.
  • Rapid Battery Swapping: Fully automated battery replacement in under 6 minutes.
  • Superior Productivity: 120% efficiency compared to traditional manned fleets.

Annually, the 100-vehicle fleet will replace over 15,000 tons of diesel consumption and reduce CO2 emissions by 48,000 tons, underscoring its role in combating climate change.

Li Shuxue, Chairman of Huaneng Inner Mongolia East Energy Co., Ltd., emphasized the projects broader significance: This fully domestic, zero-carbon solution empowers mining with AI, enhances safety, and accelerates the industrys digital transformation. It is a pivotal step toward overcoming reliance on imported heavy equipment and advancing Chinas high-quality development in mining.”

XCMG remains committed to driving the future of mining through digitalization, intelligent innovation, and sustainable practices. By fostering strategic partnerships and sharing expertise, the company aims to set new global standards for smart, zero-carbon mining while contributing innovative solutions to the world.

 

FAYBL Launches Autonomous General AI Agent on Iress’s Xplan

SYDNEY, May 28, 2025 /PRNewswire/ — FAYBL, a leading innovator in AI-driven financial advisory solutions, proudly announces the launch of its Autonomous General Agent, and successful integration with the API of Iress’s (ASX:IRE) Xplan platform.

Iress’s market-leading Xplan platform has more than 35,000 users and is used by 61% of planners in Australia.

The release of our General Agent marks a significant leap forward for financial advisors,” said Steven Goh, Cofounder and CEO of FAYBL. 

“The General Agent can manage entire complex workflows, completing processes that currently take several hours in mere minutes and transforming the relationship an advisor has with their client base.

“When used correctly, turnaround times for advice may be possible near instantly. We believe advisors can double their business and halve their costs.”

The Autonomous General Agent’s capacity to respond to real time events and independently manage complex workflows differentiates FAYBL from functional AI tools that automate a singular task. Operating with a ‘human-in-the-loop’ approach, and with FAYBL’s patent pending foresight technology, it can draw from integrations via RPA, APIs and MCP; and research, alert, recommend, plan, and execute complex workflows to produce desired results.

“The opportunities for efficiency gains from AI in financial planning are staggering,” said Eric Blewitt, CEO of Investment Trends.

“In Australia, the average time to produce a full statement of advice for even a single-scope client is still five and a half hours, which sets a hard floor for the cost of providing advice. The situation in the UK is similar, where production of a financial plan or suitability report for a typical client still averages 6.7 hours, down less than an hour over the last 15 years.”

Early access FAYBL’s General Agent is currently open for enterprise-level Xplan users and selected key financial advisors. General access is targeted for June 2025.

To learn more about how FAYBL is reshaping the future of financial advice or to schedule a demonstration, visit www.faybl.com.

 

Tesco’s Clubcard Challenges, Powered by Eagle Eye, Wins “Best Global Loyalty Launch or Initiative” at the 2025 International Loyalty Awards

LONDON, May 28, 2025 /PRNewswire/ — Tesco’s Clubcard Challenges, powered by Eagle Eye’s Personalised Challenges solution, has been named the Best Global Loyalty Launch or Initiative at the 2025 International Loyalty Awards.

The award celebrates standout new loyalty initiatives launched in the past 12 months, from around the world, that combine innovation, creativity, and measurable impact – criteria that Clubcard Challenges met and exceeded amid tough competition.

Launched in May 2024, the Clubcard Challenges initiative invited Tesco Clubcard members to complete personalised challenges over a six-week period to unlock up to £50 in points. The challenge thresholds, created by Eagle Eye’s AI-driven personalisation engine, were tailored to each participant to maximise engagement. Tesco ran four campaigns, with the latest campaign being targeted to 10 million customers across the UK.

“This award is testament to the teams at both Tesco and Eagle Eye,” said Tim Mason, CEO, Eagle Eye. “It’s a clear demonstration of how smart technology, paired with a bold retailer vision, can transform loyalty from a transactional experience into something truly engaging – and commercially powerful. Personalisation is the key.”

Clubcard Challenges was met with strong customer engagement and enthusiasm. As the judges noted, “Clubcard Challenges stands out by transforming routine purchases into a fun, engaging experience where customers earn Clubcard points through gamified missions and digital progress tracking. Tesco has achieved remarkable results by leveraging advanced AI personalisation and data-driven insights.”

As evidenced by its success powering the Clubcard Challenges initiative, Eagle Eye’s Personalised Challenges solution has proved itself as an effective next-generation marketing and engagement tool for the grocery sector. While the International Loyalty Awards assessed only the proscribed implementation period of Clubcard Challenges, Eagle Eye remains Tesco’s trusted technology partner, and similar initiatives are likely to manifest in the near future.

“We’re proud of our ongoing relationship with Tesco and of this joint award in particular,” added Mason. “We look forward to building on this success in the months ahead.”

See the Tesco Clubcard Challenges case study here.

Media Contact: Vanessa Horwell at vhorwell@thinkinkpr.com

About Eagle Eye 

Eagle Eye is a leading SaaS and AI technology company that enables retail, travel, and hospitality brands to earn the loyalty of their end customers by powering their real-time, omnichannel, and personalized consumer marketing activities at scale.

Eagle Eye AIR is a cloud-based platform that provides the most flexible and scalable loyalty and promotions capability in the world. More than 1 billion personalized offers are executed through the platform every week, and it currently hosts over 500 million loyalty member wallets for businesses worldwide. Eagle Eye is a certified member of the MACH Alliance and is trusted to deliver a secure service at hundreds of thousands of physical point-of-sale (POS) locations worldwide, enabling the real-time issuance and redemption of promotional coupons, loyalty offers, gift cards, subscription benefits, and more.

The Eagle Eye AIR platform is currently powering loyalty and customer engagement solutions for enterprise businesses worldwide, including Loblaws, Southeastern Grocers, Giant Eagle, Rite Aid, Tesco, Asda, Morrisons, Waitrose, John Lewis & Partners, JD Sports, Pret a Manger and the Woolworths Group. In January 2024, Eagle Eye launched EagleAI, a next-generation data science solution for personalization, which is already being used by leading retailers worldwide, including Tesco, Pattison Food Group, Carrefour and Auchan. Visit www.eagleeye.com to learn more.

 

SingWealth Holdings Expands into Hong Kong with New Insurance Brokerage Licence

With the launch of PFPFA HK Limited, SingWealth Holdings reinforces its commitment to regional growth and delivering seamless, high-quality financial solutions through its licensed operations in Singapore and Hong Kong SAR

SINGAPORE, May 28, 2025 /PRNewswire/ — SingWealth Holdings is pleased to announce its successful acquisition of an insurance brokerage licence in Hong Kong SAR, marking a significant milestone in its regional expansion. With this licence, SingWealth Holdings has established PFPFA HK Limited, further reinforcing its commitment to delivering comprehensive wealth management solutions beyond Singapore while upholding its philosophy of “Think Global, Act Local.”

Celebrating the official launch of PFPFA HK Limited with key leaders from SingWealth Holdings & PFP Group Services—William Ng, Simon Ng, Jeffrey Chow, Peter Huber, Shawn Lim, and Henry Koh!
Celebrating the official launch of PFPFA HK Limited with key leaders from SingWealth Holdings & PFP Group Services—William Ng, Simon Ng, Jeffrey Chow, Peter Huber, Shawn Lim, and Henry Koh!

To celebrate this significant expansion, a grand launch event was held today at Gonpachi Restaurant, Tsim Sha Tsui, Hong Kong. The exclusive gathering provided a valuable opportunity to connect with industry leaders and key stakeholders from SingWealth Holdings and PFPFA HK Limited, including Mr. Jeffrey Chow, Director of SingWealth Holdings, and Mr. Peter Huber, Non-Executive Chairman of SingWealth Holdings. The event also served as a platform to discuss the broader implications of SingWealth Holdings’ entry into the Hong Kong market for financial professionals and clients within the Greater Bay Area.

“Securing our insurance brokerage licence in Hong Kong is a pivotal step in SingWealth Holdings’ regional growth strategy,” said Mr. Jeffrey Chow, Director of SingWealth Holdings. “This expansion allows us to extend our expertise and provide clients in Hong Kong with seamless, high-quality wealth management solutions.”

Through PFPFA HK Limited, SingWealth will now deliver its comprehensive financial services to clients across the Greater Bay Area. This milestone reflects SingWealth Holdings’ ongoing mission to offer personalized and forward-thinking financial strategies while maintaining the highest standards of service and integrity.

About SingWealth Holdings

SingWealth Holdings is a dynamic holding company with a strategic presence across Singapore, Thailand, Malaysia, Mainland China, and Hong Kong. Through its subsidiaries, it delivers comprehensive financial advisory, insurance brokerage, and estate planning solutions tailored to the evolving needs of individuals and businesses.

Its financial services portfolio comprises PFPFA Pte Ltd (Singapore) and PFPFA HK Ltd (Hong Kong), providing trusted financial expertise and strategic advisory solutions to clients in their respective markets.

SingWealth Holdings also supports PFP Legacy entities across the region, catering to the needs of emerging affluent clients with wills and trust services in Singapore, Thailand, Malaysia, Hong Kong, and Shanghai. These services are designed to safeguard wealth and ensure smooth succession planning for individuals and families.

In Singapore, SingWealth Holdings operates Assure Healthcare Holdings, a healthcare brand committed to accessible, patient-centered care. Assure Healthcare offers general practitioner services, preventive medical care, aesthetic treatments, and Advance Medical Directive (AMD) support.

Driven by innovation and excellence, SingWealth Holdings continues to empower communities across Asia with financial stability and enhanced well-being.

For more information, visit https://singwealthholdings.com 

NX China Acquires GDP Certification for Shanghai and Lianyungang Facilities

– Establishing High-quality Pharmaceutical Logistics Service Systems –

TOKYO, May 28, 2025 /PRNewswire/ — Nippon Express (China) Co., Ltd. (hereafter “NX China”), a group company of NIPPON EXPRESS HOLDINGS, INC., has received Good Distribution Practice (GDP) certification for air and ocean freight forwarding of pharmaceutical products at facilities in Shanghai and Lianyungang, Jiangsu Province, effective Friday, February 21, 2025.

Logo: https://drive.google.com/file/d/1dqm0cxpYamnvMUra1AGXMuGlX932Z353/view?usp=drive_link 

Photo: https://drive.google.com/file/d/1nDWZ-Rpzg7OG2q2CuypRZOqX3gu6XQDR/view?usp=drive_link 

China’s pharmaceutical market is second only to the U.S.’s in scale, and it is expected to see further growth due to an aging population and rising per capita income. To serve this rapidly expanding pharmaceutical market by providing high-quality and uniform pharmaceutical logistics services that accord with quality standards, NX China opened a Healthcare Branch in Shanghai in 2022. Two of that branch’s business locations recently obtained GDP certification to provide high-quality pharmaceutical logistics services to more customers.

The facility in Lianyungang, a city hosting one of China’s largest concentrations of pharmaceutical companies, enjoys a special geographical advantage in being able to ship ocean freight directly from a local port. Acquiring GDP certification enables NX China to offer its customers air and ocean freight forwarding services that meet the strictest security standards for pharmaceutical shipments. The two facilities’ locational advantages and the establishment of quality assurance systems in the process of acquiring GDP certification bolster the NX Group’s competitiveness in pharmaceutical supply chains across China and worldwide, enabling the Group to provide safer and more efficient pharmaceutical transport to its customers.

The NX Group currently operates a total of 37 GDP-certified locations in 24 countries/regions and is working to further extend its GDP network. The Group will continue stepping up its efforts in the healthcare industry, positioned as a priority industry in its management plan, and expanding and developing services globally to meet ever-more sophisticated and diverse pharmaceutical logistics needs.

Related release

– Nippon Express (China) opens new healthcare branch in Shanghai

https://www.nipponexpress-holdings.com/en/press/2022/25-Jul-22-2.html 

About the NX Group: https://drive.google.com/file/d/1g1Rtb9Mie5yhenpOr8A007kKolh1gBJ6/view?usp=drive_link 

NX Group official website: https://www.nipponexpress.com/ 

NX Group’s official LinkedIn account: https://www.linkedin.com/company/nippon-express-group/ 

Source: NIPPON EXPRESS HOLDINGS, INC.

US Suspends Student Visa Processing as Harvard Protests Cuts

US Suspends Student Visa Processing as Harvard Protests Cuts
People hold up signs during the Harvard Students for Freedom rally in support of international students at the Harvard University campus in Boston, Massachusetts, on May 27, 2025 (Photo by Rick Friedman / AFP)

By Gregory WALTON, with Sebastian SMITH in Washington / AFP  On 28 May, US Secretary of State Marco Rubio ordered a suspension of student visa processing in the latest swipe at foreign students in the country.