Robinhood establishes first European crypto hub in Lithuania
According to a statement from Investuok Lietuvoje, the country's national investment promotion agency, Robinhood has launched a dedicated cryptocurrency trading platform via its Lithuanian entity, Robinhood Europe.
In late May, Robinhood Europe received both a Category A financial brokerage license and a crypto asset services provider license from the Bank of Lithuania.
These regulatory approvals enable the company to operate legally under the upcoming European Union Markets in Crypto-Assets (MiCA) framework, making it one of the first to do so in Lithuania, according to BNS.
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Malaysia Sun
an hour ago
- Malaysia Sun
NATO circles China in more ways than one
The alliances latest summit avoided confronting Beijing but could not cover up the efforts to contain the Asian great power The June NATO summit, held in The Hague, ended with a significant headline: a collective pledge to increase annual defense spending to 5% of GDP by 2035. This bold target, far exceeding the current 2% benchmark, signals a new era of militarization in the West, reflecting anxieties about a rapidly changing world order. While China was notably absent from the summit's final declaration, the specter of the Asian giant loomed large over the event. The omission appears tactical rather than strategic - a thinly veiled attempt to avoid escalating tensions, even as NATO members ramp up rhetoric and military preparations clearly aimed at containing Beijing. Though the summit declaration remained silent on China, the alliance's leadership left little doubt about their true concerns. NATO's secretary general, Mark Rutte, used the summit sidelines to sound alarm bells over China's "massive military build-up". Echoing the now-familiar Western narrative, Rutte linked China - alongside Iran and North Korea - to Russia's military operations in Ukraine, accusing Beijing of supporting Moscow's war efforts. These remarks followed Rutte's June address at London's Chatham House, where he described China's military expansion as happening "at breakneck speed" and labeled Beijing, Tehran, Pyongyang, and Moscow as an "awful foursome." This framing makes clear that the NATO establishment and US leadership regard China not as a partner or even a rival, but a threat. The perception of China as an imminent danger was also echoed at the Shangri-La Dialogue in Singapore in May, where US Defense Secretary Pete Hegseth warned of a potential Chinese military move against Taiwan and reiterated Washington's commitment to regional allies - albeit while pressing them to increase their own defense budgets. His remarks left no doubt: the US strategic focus is firmly on the Indo-Pacific, even at the expense of its traditional European commitments. In a notable diplomatic snub, the leaders of Australia, Japan, and South Korea - the so-called "Indo-Pacific partners" of NATO - cancelled their plans to attend the summit in The Hague. This decision, viewed by observers as a pointed message, undermined NATO's aspiration to consolidate its influence in the region. Since the 2022 Madrid summit, when NATO adopted its "Strategic Compass" and for the first time classified China as a "systemic challenge," the alliance has moved steadily to incorporate the Asia-Pacific into its strategic thinking. It now considers developments in East Asia as directly relevant to Euro-Atlantic security. As such, NATO seeks deeper cooperation with Australia, Japan, South Korea, and New Zealand to uphold what it calls the "rules-based order" - a euphemism for Western hegemony. However, the absence of these Indo-Pacific leaders suggests a growing discomfort with NATO's expanding footprint. For many regional actors, NATO's presence in Asia represents not stability, but the risk of being drawn into geopolitical conflicts under the guise of shared security. Further adding to regional unease, French President Emmanuel Macron delivered a controversial message at the Shangri-La Dialogue, warning Beijing that NATO could be involved in Southeast Asia unless China convinces North Korea to withdraw its troops from Russia. This statement not only mischaracterized Beijing's independent foreign policy and its complex relations with Pyongyang but also marked a sharp departure from France's previous resistance to NATO's involvement in Asia-Pacific matters. Such remarks, however, are increasingly aligned with the alliance's real trajectory: NATO is no longer content with transatlantic defense. Its strategic horizon is now global, and its compass points East. NATO-China relations, once limited and mostly symbolic, are now strained to the point of near-hostility. The first Chinese representative visited NATO headquarters in 2002, and both sides cooperated on anti-piracy operations in the Gulf of Aden after 2008. Since then, however, the relationship has eroded amid intensifying geopolitical competition and diverging security philosophies. Beijing has become increasingly vocal in its criticism. Chinese authorities responded sharply to Rutte's remarks at The Hague, accusing NATO of spreading disinformation about China's stance on Ukraine and conflating the Taiwan question - which Beijing insists is a purely domestic matter - with a war between states. Chinese officials emphasized that NATO's role in the Asia-Pacific is unwelcome and destabilizing, viewing the alliance as a Cold War relic now repurposed to uphold US dominance and contain China's rise. For China, NATO is not just a military alliance, but a political tool used by Washington to limit Europe's engagement with Beijing. From this perspective, NATO's eastward ambitions threaten to derail the potential for constructive China-Europe cooperation, replacing it with division and distrust. China's concerns are not limited to NATO. The revival of the Quadrilateral Security Dialogue (QUAD), the emergence of the "Squad," and the 2021 formation of AUKUS - a trilateral pact between the US, UK, and Australia - have only deepened Beijing's fears of encirclement. The AUKUS agreement, under which Australia is to receive nuclear-powered submarines from the US worth $240 billion, has introduced a new and dangerous element into regional security dynamics. Canberra will gain long-range strike capability for the first time and become only the second nation - after the UK - to receive access to US nuclear propulsion technology. Though the Trump administration has initiated a formal review of AUKUS, few expect significant changes. On the contrary, the pact is likely to reinforce the militarization of the region and increase the risk of nuclear proliferation. In contrast to NATO's bloc-based approach, China promotes a regional security framework rooted in multilateralism, inclusiveness, and dialogue. Beijing advocates for an ASEAN-centered architecture and supports institutions like the ASEAN Defense Ministers' Meeting Plus (ADMM-Plus), the Code for Unplanned Encounters at Sea (CUES), and the East Asia Summit. It also backs the Conference on Interaction and Confidence Building Measures in Asia (CICA) and has launched the Global Security Initiative to advance regional stability. Most significantly, the Shanghai Cooperation Organization (SCO) has emerged as a key platform for Eurasian states to coordinate on security, with the June meeting of defense ministers in Qingdao underscoring its role in promoting collective peace without resorting to confrontation or hegemonism. The NATO summit may have avoided naming China, but it failed to conceal the reality of growing confrontation. While the alliance doubles down on military spending and expands its strategic reach into Asia, the Global South and a number of key Asia-Pacific states appear increasingly wary of NATO's global ambitions. As the world stands at a strategic crossroads, two competing visions of international security are on display. On one side, NATO and its partners advocate a "rules-based order" backed by military alliances and deterrence. On the other, China offers a model grounded in multipolarity, multilateral cooperation, consensus-building, and mutual respect. The choice, increasingly, is not between East vs. West - but between confrontation and coexistence. (
The Star
2 hours ago
- The Star
Lithuanian gov't approves assessment of nuclear energy potential
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The Star
8 hours ago
- The Star
Italy seeks economic and trade partnership with Malaysia
ROME: Italy is looking to Malaysia as a partner in its quest to enhance economic and trade sectors, according to Italian Deputy Prime Minister Antonio Tajani. Tajani, who also serves as the Foreign Affairs and International Cooperation Minister, highlighted Malaysia as one of the most progressive nations with whom Italy has been building partnerships in these sectors. "The relations between Italy and Malaysia have always been good. Now, we look to build it further," he said during a courtesy call to Prime Minister Datuk Seri Anwar Ibrahim. He echoed Anwar's earlier remarks on the importance of peace and stability as the foundation to support and grow the business sector. "We have many big companies and we are ready for joint ventures and investments abroad. Italy is also the second most industrious country in Europe," he added, noting that Italy has much to offer. Anwar stated that Malaysia is an excellent partner, given its "dynamic and clarity" in policies. He mentioned that PETRONAS, one of the top companies globally, is more than ready to collaborate with the European nation. Asean, he noted as regional chair, is one of the most peaceful and economically promising areas in the world. 'This will certainly pave the way for greater cooperation,' he said. Anwar expressed gratitude for Tajani's visit, reflecting both nations' commitment to strengthening bilateral relations based on mutual respect and understanding. "We have been talking about expanding our cooperation in various fields, including relations between Asean and the European Union,' he added. Anwar mentioned discussions on regional and global conflicts, including those in Gaza, Ukraine, Iran, and Israel. He also expressed his admiration for Italy's rich history, literature, and art, sharing how Dante's Inferno, the song Caruso, and Leonardo Da Vinci's works have impacted the world, drawing applause from the Italians present. Anwar noted Italy's transformation in embracing the AI realm and expressed anticipation for increased cooperation with Italy. COMPLI Keywords:
