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  • MIL-OSI: Codere Online Reports Financial Results for the Second Quarter 2025

    Source: GlobeNewswire (MIL-OSI)

    • Total revenue was €51.4 mm in Q2 2025, while net gaming revenue1 was €54.8 mm in the period, 1% above Q2 2024 (12% in constant currency terms).
    • Mexico revenue was €26.3 mm in Q2 2025, while net gaming revenue was €29.0 mm in the period, 3% above Q2 2024 (23% in constant currency terms).
    • Net loss was €3.1 mm in H1 2025 versus a net loss of €0.2 mm in H1 2024 primarily due to the impact from exchange rates (€3.0 mm loss in H1 2025 versus €4.8 mm gain in H1 2024).
    • Total cash position of €45.2 mm as of June 30, 2025.
    • Reiterating 2025 net gaming revenue outlook of €220-230 million and Adj. EBITDA2 outlook of €10-15 million.
    • Repurchased $0.7 million of the Company’s shares under the Company’s $5.0 million share buyback plan through July 30, 2025.

    Madrid, Spain and Tel Aviv, Israel, July 31, 2025 – (GLOBE NEWSWIRE) Codere Online (Nasdaq: CDRO / CDROW, the “Company”), a leading online gaming operator in Spain and Latin America, has released its preliminary unaudited3 financial results for the quarter ended June 30, 2025.

    Below are the main financial and operating metrics of the period.

      Quarter ended June 30   Six months ended June 30
      2024 2025 Chg. %   2024 2025 Chg. %
                   
    Net Gaming Revenue (EUR mm)1              
    Spain 21.8 22.1 1%   44.1 44.0 (0%)
    Mexico 28.2 29.0 3%   54.8 59.5 9%
    Other 4.4 3.7 (16%)   8.5 8.2 (4%)
    Total 54.4 54.8 1%   107.4 111.8 4%
                   
    Avg. Monthly Active Players (000s)4              
    Spain 51.5 49.7 (3%)   50.8 50.9 0%
    Mexico 62.3 84.6 36%   62.4 83.3 33%
    Other 31.8 20.8 (35%)   31.2 24.0 (23%)
    Total 145.6 155.1 7%   144.4 158.2 10%

    Aviv Sher, CEO of Codere Online, stated, “Our net gaming revenue reached €54.8 million in the second quarter of 2025, slightly above the prior year period despite the headwinds we faced across most of our markets. In Mexico, we were successful in growing net gaming revenue despite the 19% devaluation of the Mexican peso and grew our portfolio of active customers in the country by an impressive 36% versus Q2 2024.”

    Oscar Iglesias, CFO of Codere Online, commented, “We continue to see strong underlying trends in Mexico, where our net gaming revenue grew by 23% in local currency. With the first half of the year now behind us, and notwithstanding that a number of challenges still remain, we continue to expect to meet our net gaming revenue outlook of €220-230 million and Adj. EBITDA outlook of €10-15 million that we shared earlier this year.”

    Recent Events

    Compliance with Nasdaq Listing Requirements

    • On June 2nd the Company filed its 2024 annual report and on June 6th, Nasdaq informed the Company that it had regained compliance with applicable listing requirements.
    • As a result, the Company’s securities will continue to be listed and traded on the Nasdaq Capital Market and are no longer subject to a delisting process.

    Repurchases under the Share Buyback Plan

    • The Company has repurchased $0.7 million of the Company’s shares at an average price of $6.89 per share under its $5.0 million authorized share buyback plan through July 30, 2025.
    • The plan (as approved by shareholders) authorizes the Company to repurchase up to 1 million of its ordinary shares and expires on March 3, 2026.

    Conference Call Information

    Codere Online’s management will host a conference call to discuss the results and provide a business update at 8:30 am US Eastern Time today, July 31, 2025. Dial-in details as well as the audio webcast and presentation will be accessible on Codere Online’s website at www.codereonline.com. A recording of the webcast will also be available following the conference call.

    Reconciliation of Revenue (IFRS) to Net Gaming Revenue (non-IFRS)

      Quarter ended June 30   Six months ended June 30
    Figures in EUR mm 2024 2025 Chg. %   2024 2025 Chg. %
                   
    Total              
                   
    Revenue 51.7 51.4 (1%)   102.1 105.7    4%
    (+) Accounting Adjustments5 2.7 3.5 30%   5.3 6.1    15%
    Net Gaming Revenue 54.4 54.8 1%   107.4 111.8 4%
                   
    Spain              
                   
    Revenue 21.8 22.1 1%   44.1 44.0 (0%)
    (+) Accounting Adjustments5 – – n.m.   – – n.m.
    Net Gaming Revenue 21.8 22.1 1%   44.1 44.0 (0%)
                   
    Mexico              
                   
    Revenue 25.3 26.3 4%   49.2 53.9 10%
    (+) Accounting Adjustments5 2.9 2.7 (7%)   5.6 5.6 –
    Net Gaming Revenue 28.2 29.0 3%   54.8 59.5 9%
                   
    Other              
                   
    Revenue 4.5 3.0 (33%)   8.8 7.8 (11%)
    (+) Accounting Adjustments5 (0.1) 0.7 n.m.   (0.3) 0.4 n.m.
    Net Gaming Revenue 4.4 3.7 (16%)   8.5 8.2 (4%)

    Reconciliation of Net Income (IFRS) to Adj. EBITDA (non-IFRS)5

      Quarter ended June 30   Six months ended June 30
    Figures in EUR mm 2024 2025 Chg.   2024 2025 Chg.
                   
    Net Income (Loss) (3.7) (2.4) 1.2   (0.2) (3.1) (2.8)
    (+/-) Provision for Corporate Income Tax 0.4 1.1 0.6   0.9 1.3 0.3
    (+/-) Interest Expense / (Income) (0.0) 1.9 2.0   (4.8) 3.0 7.8
    (+/-) Var. in Fair Value of Public Warrants 3.9 1.3 (2.5)   5.8 1.9 (3.9)
    (+) D&A 0.1 0.2 0.1   0.1 0.3 0.2
    EBITDA 0.7 2.1 1.4   1.7 3.4 1.7
    (+) Employee LTIP Expense 0.6 (0.9) (1.4)   1.1 (0.4) (1.5)
    (+/-) Other Accounting Adjustments 0.0 0.0 (0.0)   0.2 0.1 (0.1)
    Adj. EBITDA (Pre Non-Recurring Items) 1.3 1.3 (0.0)   3.0 3.1 0.0
    (+) Non-Recurring Items 0.0 1.1 1.1   0.0 1.1 1.1
    Adj. EBITDA 1.3 2.3 1.1   3.0 4.1 1.1

    About Codere Online 

    Codere Online refers, collectively, to Codere Online Luxembourg, S.A. and its subsidiaries. Codere Online, launched in 2014 as part of the renowned casino operator Codere Group, offers online sports betting and online casino through its state-of-the art website and mobile applications. Codere Online currently operates in its core markets of Spain, Mexico, Colombia, Panama and Argentina; this online business is complemented by Codere Group’s physical presence in Spain and throughout Latin America, forming the foundation of the leading omnichannel gaming and casino presence.

    About Codere Group
    Codere Group is a multinational group devoted to entertainment and leisure. It is a leading player in the private gaming industry, with four decades of experience and with presence in seven countries in Europe (Spain and Italy) and Latin America (Argentina, Colombia, Mexico, Panama, and Uruguay).

    Note on Rounding. Due to decimal rounding, numbers presented throughout this report may not add up precisely to the totals and subtotals provided, and percentages may not precisely reflect the absolute figures.

    Forward-Looking Statements
    Certain statements in this document may constitute “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding Codere Online Luxembourg, S.A. and its subsidiaries (collectively, “Codere Online”) or Codere Online’s or its management team’s expectations, hopes, beliefs, intentions or strategies regarding the future. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intends,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements in this document may include, for example, statements about Codere Online’s financial performance and, in particular, the potential evolution and distribution of its net gaming revenue; any prospective and illustrative financial information; and changes in Codere Online’s strategy, future operations and target addressable market, financial position, estimated revenues and losses, projected costs, prospects and plans.

    These forward-looking statements are based on information available as of the date of this document and current expectations, forecasts and assumptions, and involve a number of judgments, risks and uncertainties. Accordingly, forward-looking statements should not be relied upon as representing Codere Online’s or its management team’s views as of any subsequent date, and Codere Online does not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.

    As a result of a number of known and unknown risks and uncertainties, Codere Online’s actual results or performance may be materially different from those expressed or implied by these forward-looking statements. There may be additional risks that Codere Online does not presently know or that Codere Online currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. Some factors that could cause actual results to differ include (i) changes in applicable laws or regulations, including online gaming, privacy, data use and data protection rules and regulations as well as consumers’ heightened expectations regarding proper safeguarding of their personal information, (ii) the impacts and ongoing uncertainties created by regulatory restrictions, changes in perceptions of the gaming industry, changes in policies and increased competition, and geopolitical events such as war, (iii) the ability to implement business plans, forecasts, and other expectations and identify and realize additional opportunities, (iv) the risk of downturns and the possibility of rapid change in the highly competitive industry in which Codere Online operates, (v) the risk that Codere Online and its current and future collaborators are unable to successfully develop and commercialize Codere Online’s services, or experience significant delays in doing so, (vi) the risk that Codere Online may never achieve or sustain profitability, (vii) the risk that Codere Online will need to raise additional capital to execute its business plan, which may not be available on acceptable terms or at all, (viii) the risk that Codere Online experiences difficulties in managing its growth and expanding operations, (ix) the risk that third-party providers, including the Codere Group, are not able to fully and timely meet their obligations, (x) the risk that the online gaming operations will not provide the expected benefits due to, among other things, the inability to obtain or maintain online gaming licenses in the anticipated time frame or at all, (xi) the risk that Codere Online is unable to secure or protect its intellectual property, (xii) the risk that Codere Online’s securities may be delisted from Nasdaq and (xiii) the possibility that Codere Online may be adversely affected by other political, economic, business, and/or competitive factors. Additional information concerning certain of these and other risk factors is contained in Codere Online’s filings with the U.S. Securities and Exchange Commission (the “SEC”). All subsequent written and oral forward-looking statements concerning Codere Online or other matters and attributable to Codere Online or any person acting on their behalf are expressly qualified in their entirety by the cautionary statements above.

    Financial Information and Non-GAAP Financial Measures
    Codere Online’s financial statements are prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board (“IFRS”), which can differ in certain significant respects from generally accepted accounting principles in the United States of America (“U.S. GAAP”).

    This document includes certain financial measures not presented in accordance with U.S. GAAP or IFRS (“non-GAAP”), such as, without limitation, net gaming revenue, Adjusted EBITDA and constant currency information. These non-GAAP financial measures are not measures of financial performance in accordance with U.S. GAAP or IFRS and may exclude items that are significant in understanding and assessing Codere Online’s financial results. Therefore, these measures should not be considered in isolation or as an alternative to revenue, net income, cash flows from operations or other measures of profitability, liquidity or performance under U.S. GAAP or IFRS. You should be aware that Codere Online’s presentation of these measures may not be comparable to similarly-titled measures used by other companies. In addition, the audit of Codere Online’s financial statements in accordance with PCAOB standards, may impact how Codere Online currently calculates its non-GAAP financial measures, and we cannot assure you that there would not be differences, and such differences could be material.

    Codere Online believes that the use of these non-GAAP financial measures provides an additional tool for investors to use in evaluating ongoing operating results and trends in comparing Codere Online’s financial measures with other similar companies, many of which present similar non-GAAP financial measures to investors. These non-GAAP financial measures are subject to inherent limitations as they reflect the exercise of judgments by management about which expense and income are excluded or included in determining these non-GAAP financial measures. Reconciliations of non-GAAP financial measures to their most directly comparable measure under IFRS are included herein.

    This document may include certain projections of non-GAAP financial measures. Codere Online is unable to quantify certain amounts that would be required to be included in the most directly comparable U.S. GAAP or IFRS financial measures without unreasonable effort, due to the inherent difficulty and variability of accurately forecasting the occurrence and financial impact of the various adjusting items necessary for such comparable measures or such reconciliation that have not yet occurred, are out of our control, or cannot be reasonably predicted, ascertained or assessed, which could have a material impact on its future IFRS financial results. Consequently, no disclosure of estimated comparable U.S. GAAP or IFRS measures is included and no reconciliation of the forward-looking non-GAAP financial measures is included.

    Use of Projections
    This document contains financial forecasts with respect to Codere Online’s business and projected financial results, including net gaming revenue and adjusted EBITDA. Codere Online’s independent auditors have not audited, reviewed, compiled or performed any procedures with respect to the projections for the purpose of their inclusion in this document, and accordingly, they did not express an opinion or provide any other form of assurance with respect thereto for the purpose of this document. These projections should not be relied upon as being necessarily indicative of future results. The assumptions and estimates underlying the prospective financial information are inherently uncertain and are subject to a wide variety of significant business, economic and competitive risks and uncertainties that could cause actual results to differ materially from those contained in the prospective financial information. See “Forward-Looking Statements” above. Accordingly, there can be no assurance that the prospective results are indicative of the future performance of Codere Online or that actual results will not differ materially from those presented in the prospective financial information. Inclusion of the prospective financial information in this document should not be regarded as a representation by any person that the results contained in the prospective financial information will be achieved.

    For further information on the limitations and assumptions underlying these projections, please refer to Codere Online’s filings with the SEC.

    Preliminary Information
    This document contains figures, financial metrics, statistics and other information that is preliminary and subject to change (the “Preliminary Information”). The Preliminary Information has not been audited, reviewed, or compiled by any independent registered public accounting firm. This Preliminary Information is subject to ongoing review including, where applicable, by Codere Online’s independent auditors. Accordingly, no independent registered public accounting firm has expressed an opinion or any other form of assurance with respect to the Preliminary Information. During the course of finalizing such Preliminary Information, adjustments to such Preliminary Information presented herein may be identified, which may be material. Codere Online undertakes no obligation to update or revise the Preliminary Information set forth in this document as a result of new information, future events or otherwise, except as otherwise required by law. The Preliminary Information may differ from actual results. Therefore, you should not place undue reliance upon this Preliminary Information. The Preliminary Information is not a comprehensive statement of financial results, and should not be viewed as a substitute for full financial statements prepared in accordance with IFRS. In addition, the Preliminary Information is not necessarily indicative of the results to be achieved in any future period.

    No Offer or Solicitation
    This document does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor will there be any sale of securities in any states or jurisdictions in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities will be made except by means of a prospectus meeting the requirements of section 10 of the Securities Act of 1933, as amended, or an exemption therefrom.

    Trademarks
    This document may contain trademarks, service marks, trade names and copyrights of Codere Online or other companies, which are the property of their respective owners. Solely for convenience, some of the trademarks, service marks, trade names and copyrights referred to in this document may be listed without the TM, SM, © or ® symbols, but Codere Online will assert, to the fullest extent under applicable law, the rights of the applicable owners, if any, to these trademarks, service marks, trade names and copyrights.

    Industry and Market Data
    In this document, Codere Online relies on and refers to certain information and statistics obtained from publicly available information and third-party sources, which it believes to be reliable. Codere Online has not independently verified the accuracy or completeness of any such publicly-available and third-party information, does not make any representation as to the accuracy or completeness of such data and does not undertake any obligation to update such data after the date of this document. You are cautioned not to give undue weight to such industry and market data.

    Contacts:

    Investors and Media
    Guillermo Lancha
    Director, Investor Relations and Communications
    Guillermo.Lancha@codereonline.com
    (+34) 628.928.152

    1 Net Gaming Revenue is a non-IFRS measure; please see reconciliation of Net Gaming Revenue to Revenue at the end of the report.

    2 Adjusted EBITDA is a non-IFRS measure; please see reconciliation of Adjusted EBITDA to Net Income at the end of the report. Net gaming revenue and Adjusted EBITDA outlooks are forward-looking non-IFRS measures; please see important disclaimers at the end of the report.
    3 See “Preliminary Information” below.        

    4 Average Monthly Active Players include real money (i.e. exclude free bets) sports betting and casino actives.

    5 Figures primarily reflect differences in recognition of revenue related to certain partner and affiliate agreements in place in Colombia, VAT impact from entry fees in Mexico and the impact from the application of inflation accounting (IAS 29) in Argentina.
    5 Please refer to page 26 of our Q2 2025 Earnings Presentation for further details regarding this reconciliation.

    The MIL Network –

  • MIL-OSI: Gilat to Present at the 28th Annual Oppenheimer Technology, Internet & Communications Virtual Conference on Monday, August 11

    Source: GlobeNewswire (MIL-OSI)

    PETAH TIKVA, Israel, July 31, 2025 (GLOBE NEWSWIRE) — Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions, and services, today announced it will be presenting at the 28th Annual Oppenheimer Technology, Internet & Communications Virtual Conference on Monday, August 11, 2025.

    Mr. Adi Sfadia, the Company’s CEO, will be available for one-on-one meetings with investors on August 11 and 12. The company will give a presentation to conference participants on August 11, 2025, at 9:55 am Eastern Time.  

    To schedule a meeting with Mr. Sfadia, please contact an Oppenheimer representative or email a request to the Gilat investor relations team at GilatIR@allianceadvisors.com.

    About Gilat

    Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT) is a leading global provider of satellite-based broadband communications. With over 35 years of experience, we develop and deliver deep technology solutions for satellite, ground, and new space connectivity, offering next-generation solutions and services for critical connectivity across commercial and defense applications. We believe in the right of all people to be connected and are united in our resolution to provide communication solutions to all reaches of the world.

    Together with our wholly owned subsidiaries, Gilat Wavestream, Gilat DataPath, and Gilat Stellar Blu, we offer integrated, high-value solutions supporting multi-orbit constellations, Very High Throughput Satellites (VHTS), and Software-Defined Satellites (SDS) via our Commercial and Defense Divisions. Our comprehensive portfolio is comprised of a cloud-based platform and modems; high-performance satellite terminals; advanced Satellite On-the-Move (SOTM) antennas and ESAs; highly efficient, high-power Solid State Power Amplifiers (SSPA) and Block Upconverters (BUC) and includes integrated ground systems for commercial and defense markets, field services, network management software, and cybersecurity services.

    Gilat’s products and tailored solutions support multiple applications including government and defense, IFC and mobility, broadband access, cellular backhaul, enterprise, aerospace, broadcast, and critical infrastructure clients all while meeting the most stringent service level requirements. For more information, please visit: http://www.gilat.com

    Certain statements made herein that are not historical are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. The words “estimate”, “project”, “intend”, “expect”, “believe” and similar expressions are intended to identify forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties. Many factors could cause the actual results, performance or achievements of Gilat to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements, including, among others, changes in general economic and business conditions, inability to maintain market acceptance to Gilat’s products, inability to timely develop and introduce new technologies, products and applications, rapid changes in the market for Gilat’s products, loss of market share and pressure on prices resulting from competition, introduction of competing products by other companies, inability to manage growth and expansion, loss of key OEM partners, inability to attract and retain qualified personnel, inability to protect the Company’s proprietary technology and risks associated with Gilat’s international operations and its location in Israel, including those related to Israel’s preemptive strike against Iran’s nuclear project and the continued hostilities between Israel and Iran, and the hostilities between Israel and Hamas. For additional information regarding these and other risks and uncertainties associated with Gilat’s business, reference is made to Gilat’s reports filed from time to time with the Securities and Exchange Commission. We undertake no obligation to update or revise any forward-looking statements for any reason.

    Contact:
    Gilat Satellite Networks
    Hagay Katz, Chief Products and Marketing Officer
    hagayk@gilat.com

    Alliance Advisors:
    GilatIR@allianceadvisors.com
    Phone: +1 212 838 3777

    The MIL Network –

  • MIL-OSI Economics: Galaxy Z Fold7 Achieves Record-breaking Milestone in the US

    Source: Samsung

    Samsung pioneered the foldable smartphone category more than six years ago, and now, in its seventh generation, is raising the bar on what a smartphone can do. Galaxy Z Fold7 and Galaxy Z Flip7 offer powerful performance, refined AI experiences, and enhanced durability in incredibly thin and light designs. And the latest Z series advancements are fueling new levels of interest from consumers.
    Both Galaxy Z Fold7 and Galaxy Z Flip7 saw more than a 25% increase in total preorders compared to the previous generation. That includes more Galaxy Z Fold7 pre-orders than any previous Z Fold device in US history. As part of that, carrier partners saw nearly a 60% pre-order jump cumulatively for both devices compared to last year’s models. In-store shoppers are taking advantage of getting their hands on the devices, with thin, light and compact designs, as well as camera improvements being among the top interest drivers.
    Since last week’s general availability, momentum for both devices remain strong, with orders continuing to outpace the previous generation by more than 25%. Further, Galaxy Z Fold7 is out pacing its previous model by nearly 50% since availability opened on July 25.

    “Foldables have reached an inflection point as they are becoming a mainstream choice for users,” said Drew Blackard, Senior Vice President of Mobile Product Management at Samsung Electronics America. “Now on our seventh generation, we’ve addressed consumer feedback year after year and have arrived at the kind of experience you can’t get on any other device. When people go hands-on with a Z series device, they’re hooked — and now it’s all coming together with record-breaking numbers.”

    As interest in Z series foldables continues to grow, user trends are shifting — mainly their color and style preferences. While black has historically been the preferred choice of Z Fold users, Blue Shadow made up nearly half of Z Fold7 pre-orders. With Galaxy Z Flip7, demand for Coralred color option has also beat expectations, making up 25% of Z Flip7 pre-orders. These trends are remaining steady through the first week of availability.

    Both Galaxy Z Fold7 and Galaxy Z Flip7 build on years of consumer feedback, including the cutting-edge AI features for Galaxy Z series unveiled at Galaxy Unpacked in July. Whether you’re a creative looking for powerful tools to take your work to the next level, want to tap into the power of Now Bar1 to stay on top of your busy schedule, or rely on Gemini Live2 for helpful, intuitive AI-powered conversations, the Galaxy Z series brings together the best of Galaxy to offer an ultra-like experience for the first time on Flip and Fold.
    Building on decades of smartphone innovation, the latest additions to the Galaxy Z series are expanding the foldables landscape. And with availability just underway — the full story is still unfolding.  Galaxy Z Fold7, Galaxy Z Flip7, and Galaxy Z Flip7 FE are available for purchase now at Samsung.com, Samsung Experience Stores, carriers, and retail stores nationwide.
    For more information about the Galaxy Z series, please visit the Samsung US Newsroom, SamsungMobilePress.com and Samsung.com.

    MIL OSI Economics –

  • India, Morocco sign agreement to boost judicial cooperation: Union Minister

    Source: Government of India

    Source: Government of India (4)

    India and Morocco have signed a Mutual Legal Assistance Treaty (MLAT) and a Memorandum of Understanding (MoU) to promote cooperation in judicial and legal spheres. The agreements aim to reinforce institutional linkages, facilitate legal modernization, and deepen mutual understanding between the two countries.

    Minister of State (Independent Charge) for Law and Justice, Arjun Ram Meghwal, shared this information in a written reply in the Rajya Sabha on Thursday. He said that the partnership would allow the legal communities of both nations to share knowledge, build institutional capacity, and contribute to the rule of law through structured legal engagement.

    The MLAT focuses on civil and commercial matters, enabling both countries to cooperate in the service of judicial documents, the taking of evidence through Letters of Request, and the execution of judicial judgments, decrees, settlements, and arbitral awards.

    Additionally, the MoU, signed between India’s Ministry of Law & Justice and Morocco’s Ministry of Justice, focuses on the exchange of legal expertise, training, and research. It seeks to promote capacity building by organising symposiums, joint courses, and legal training programmes.

    The MoU also encourages mutual visits and delegation exchanges to study each other’s legal systems and administrative frameworks.

    A notable feature of the MoU is technological collaboration through the development and exchange of national judicial information systems. This collaboration is expected to enhance justice delivery through digital tools and modern legal infrastructure.

    To ensure effective implementation, a joint coordination committee will be established to plan annual cooperation programmes, keeping financial viability in mind.

    —IANS

  • MIL-OSI Africa: Outreach brings government services closer to communities 

    Source: Government of South Africa

    A provincial outreach aimed at bringing essential government services to communities and fostering principles of transparency, accountability, and inclusive development was recently held in KwaZulu-Natal.

    Premier Thamsanqa Ntuli together with Members of the Provincial Executive Council (MECs) led the community outreach in Mthonjaneni Local Municipality, as part of the ongoing Operation Sukuma Sakhe (stand up and build) Cabinet Day.

    The flagship initiative is a cornerstone of the provincial government’s people-centred service delivery strategy.

    The day-long programme on Wednesday saw provincial departments and government entities delivering a range of crucial services to residents, including assistance with identity documents, healthcare screenings, social grant applications, agricultural support, and youth development initiatives.

    “Operation Sukuma Sakhe is about ensuring that government is present where the people are. It is about addressing challenges together and accelerating service delivery so that no community is left behind,” Ntuli said.

    The outreach culminated in a community engagement session where residents had an opportunity to raise concerns and shared feedback directly with the Premier, MECs, and senior officials.

    Inadequate road infrastructure, limited access to healthcare, water and sanitation, and the need for increased economic opportunities were among the key issues raised at the session.

    In response, the Premier and the provincial leadership made commitments that the concerns raised will be addressed. 
    “These dialogues are a vital reminder of why we serve. Listening to the voices of the people helps us to deliver better, and it keeps us accountable as leaders,” the Premier said.

    In a special tribute to the district’s elderly, the Premier and Cabinet members also honoured local centenarians from the King Cetshwayo District with certificates and gifts, acknowledging their invaluable contributions to family and society.

    “Our centenarians are living testaments of resilience, wisdom, and community spirit. They deserve to be honoured for the lives they have built and the families and communities they continue to inspire,” the Premier said.

    Operation Sukuma Sakhe continues to strengthen the partnership between government and communities, ensuring that service delivery is not only improved but also guided by the needs and aspirations of the people.

    The visit to Mthonjaneni reaffirmed the provincial government’s commitment to responsive governance, inclusive development, and the dignity of all its people. –  SAnews.gov.za
     

    MIL OSI Africa –

  • MIL-OSI United Kingdom: Membership of Fundamental Review of Building Regulations Guidance

    Source: United Kingdom – Executive Government & Departments

    News story

    Membership of Fundamental Review of Building Regulations Guidance

    The government has appointed six members to the Fundamental Review of Building Regulations Guidance panel today.

    Today (31 July), the government has announced the appointment of six members to the Fundamental Review of Building Regulations Guidance panel.  

    The panel is being appointed to support work to deliver on the recommendation from the Grenfell Tower Public Inquiry Phase 2 report, accepted by the government, to review the statutory guidance which accompany the Building Regulations known as Approved Documents.

    In December 2024, we announced that the Building Safety Regulator would be leading a fundamental review of the building regulations guidance, to centre on how they are produced, structured and presented. The Fundamental Review of Building Regulations Guidance panel members will support and inform the review and the members each come with extensive experience across a range of sectors. 

    The panel will provide an interim update in early 2026 and a final report in Summer 2026.

    Minister for Building Safety, Alex Norris said:

    “The appointment of this panel is an important step in our response to the Grenfell Tower Inquiry. Guidance which supports compliance with Building Regulations must be clear, accurate, and practical, and subject to regular updates to ensure it remains effective.  

    “The work of the panel will support our delivery of 1.5 million new homes, by making compliance easier, improving safety and quality in construction, and ensuring greater confidence in the building safety system. I look forward to receiving the panel’s recommendations.”

    Background on the Approved Documents and Building Regulations system

    • The Building Regulations set the minimum required standards for building work, referred to as the ‘functional requirements’.  
    • The Approved Documents contain general guidance on the performance expected of materials and building work, including practical examples of how to achieve compliance in common building situations. 
    • The Grenfell Tower Inquiry raised concerns about the way that the statutory guidance is expressed. In April 2023, the responsibility for updating and keeping Approved Documents under review was transferred to the Building Safety Regulator (BSR), in line with their duty under the Building Safety Act 2022 to keep under review the safety and standards of buildings.  
    • In December 2024, the BSR was commissioned by the government to conduct a fundamental review of the statutory guidance, and the new panel has been appointed to inform this work.

    Further information

    The establishment of the panel was announced on 31 July 2025.

    The Grenfell Tower Phase 2 Inquiry recommended that the statutory guidance be urgently reviewed. On 2 December 2024 the Deputy Prime Minister announced a fundamental review of the statutory guidance to the Building Regulations. This panel will inform that review.   The panel’s role is advisory.  The aim is to produce an interim report in early 2026 and a final report by Summer 2026.   

    Further updates, including the panel’s Terms of Reference, will be published shortly.

    Panel members

    Dinah Bornat, Architect 

    Dinah is a renowned advocate for people-centred development. She is the Director & Co-founder of ZCD, a research-led practice based in London who work on residential, community and commercial projects. She has served as a design advocate for the Mayor of London and an adviser to local authorities and developers. 

    Dan Rossiter, Digital Expert

    Dan is the Built Environment Sector Lead at the British Standards Institute, and Vice-President Technical at the Chartered Institute of Architectural Technologists. He has previously provided his expertise to several national committees relating to information management and technical documentation in the built environment. 

    Danielle Michalska-Morris, Housebuilder 

    Danielle is the Director of Research and Technical Innovation at Taylor Wimpey. She brings to the panel her expert knowledge and experience in low carbon building design and building services.

    Rachel Ferguson, Planner 

    Rachel is Senior Development Manager at Pocket Living. She has extensive expertise in affordable housing, and brings her broad experience in planning including strategic masterplans, estate regeneration projects and new build residentials to this panel. 

    Professor Luke Bisby, Technical Expert

    Luke is the Chair of Fire and Structures and Director of Discipline at the University of Edinburgh. He served as an expert witness to the Grenfell Tower Inquiry, and will bring particular expertise on fire safety to this panel. 

    Dr Hywel Davies, Technical Expert    

    Hywel is the former technical Director for the Chartered Institution of Building Services Engineers (CIBSE). He served as the previous chair of DLUHC’s statutory committee, and the Building Regulations Advisory Committee. He brings to this panel his broad expertise on a range of technical areas.

    Updates to this page

    Published 31 July 2025

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Counter-drone efforts rise as prison sightings revealed

    Source: United Kingdom – Executive Government & Departments

    Press release

    Counter-drone efforts rise as prison sightings revealed

    Organised crime gangs are being targeted by the police and prison service as part of a nationwide crackdown on drone drops into prisons.

    • Prison Service working with police to tackle threat of drones as part of Plan for Change
    • Drone incidents up by 43 per cent in the last financial year, new data reveals
    • Two recent counter-drone operations result in nine arrests

    The move is backed by a new investment of £900,000 and designed to disrupt the in-flow of drugs and weapons that are destabilising prisons and putting staff and offenders at risk. 

    It builds on the £40 million already invested this year into prison security measures, including exterior netting and reinforced windows. Stopping the flow of drugs and weapons getting into prisons is a crucial step in gripping the prisons crisis the Government inherited to make streets safer, as part of the Plan for Change. 

    The news comes as data published today (31 July) reveals there were 1,712 drone incidents between April 2024 and March 2025 at prisons across England and Wales. This is an increase of 43 per cent compared to the previous 12 months.

    The clampdown has already seen counter-drone operations at HMPs Manchester and Wandsworth leading to the swift arrest of nine individuals. Similar operations are planned in the coming months.

    Minister for Prisons, Probation and Reducing Reoffending, Lord Timpson, said: 

    The ease with which drones were operating over prisons was yet another sign of the chaotic prison system we inherited last July.

    As part of the Plan for Change, we are tackling the organised crime gangs behind the drug supply routes so that our prisons can start cutting crime and stop creating better criminals.

    One of the sophisticated drones recovered in the HMP Wandsworth operation had a value of £6,000, an extended flight time of 40 minutes and the ability to hold four loads at one time. 

    Four further arrests were made by West Mercia Police earlier this month for flying drones over high-security prison HMP Long Lartin. 

    Detective Superintendent of the North West Regional Organised Crime Unit, Claire McGuire said: 

    Tackling the use of drones to smuggle drugs, weapons, and other illicit items into prisons is one of our top priorities. These activities fuel organised crime and pose serious risks to both staff and inmates. 

    We continue to work closely with national partners including His Majesty’s Prisons and Probation Service, the National Crime Agency, local police forces, and intelligence teams to disrupt this criminal behaviour and prevent contraband from entering prison estates. By sharing intelligence and coordinating operations, we are strengthening our collective response to this growing threat. 

    The latest Safety in Custody statistics, also published today, highlight the alarming levels of violence across the prison estate, with 20,570 prisoner-on-prisoner assaults and 10,568 assaults on staff in the 12 months to March 2025. Reducing the availability of contraband in prisons plays a key role in reducing violence across the estate.

    Earlier this week, a trial into the use of tasers began across adult male prisons in England and Wales – the first time their use is being trialled in the prison estate. The Lord Chancellor, Shabana Mahmood, has also announced the rollout of protective body armour for those staff working in prison settings holding the most dangerous offenders.  

    Further information: 

    • Drone incidents data is available in the HMPPS Annual Digest
    • Latest Safety in Custody statistics are available here

    Updates to this page

    Published 31 July 2025

    MIL OSI United Kingdom –

  • MIL-OSI Russia: International scientific and educational summer school of restoration at SPbGASU: unique experience of working at a cultural heritage site

    Translation. Region: Russian Federal

    Source: Saint Petersburg State University of Architecture and Civil Engineering –

    An important disclaimer is at the bottom of this article.

    Participants of the summer school

    The projects of the international scientific and educational summer school of restoration “Preservation and regeneration of the cultural heritage of the historical zones of St. Petersburg and the Leningrad region” were defended.

    The summer school was attended by 12 students from Greece, Kazakhstan, Kazan and St. Petersburg. Gathered in teams, they worked on a historical heritage site and a concept for preserving and developing the historical territory of the unique wooden Church of the Nativity of the Blessed Virgin Mary. The current church is located in the village of Listvenka, Boksitogorsk District, Leningrad Region, and is a cultural heritage site of federal significance. This is one of the oldest church buildings in the Leningrad Region – it was built in 1599 and rebuilt in 1720.

    “For students, the summer school was an excellent opportunity to test their restoration skills, gain unique experience and work in a team. All the projects presented were completed at a fairly high level. As part of the summer school, students conducted comprehensive studies of the cultural heritage site, including analysis of archival documents and photo recording, developed and discussed the concept of its preservation,” said Nadezhda Akulova, associate professor of the Department of Architectural and Urban Heritage at SPbGASU.

    Anatoly Shlykov, a student at the Kazan State University of Architecture and Civil Engineering, admits that participation in the summer school was unplanned, but in the end it gave him a wonderful opportunity to work with an ancient object, meet wonderful people, and most importantly, work in a team that loves what they do.

    A student from Greece, Emilia Chaidemenaki, agrees with him, believing that the summer school united and made friends with future restorers from different parts of the world.

    “I got a truly unique experience of working in Russia in general and with one of the oldest church buildings in the Leningrad region in particular. In addition, I became a member of an international team. It’s great that the summer school at SPbGASU opens up such a wonderful opportunity for us, students from different countries,” shared Emilia Khaidemenaki.

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

    .

    MIL OSI Russia News –

  • MIL-OSI Russia: Ten-Year-Old Django: Polytechnic Students Celebrate Anniversary Work Season

    Translation. Region: Russian Federal

    Source: Peter the Great St. Petersburg Polytechnic University –

    An important disclaimer is at the bottom of this article.

    The Polytechnic student teams are back in touch. Today we will go to Crimea together with the agricultural team “Django”. By the way, this is already the tenth working season for our “farmers”.

    The guys celebrated their anniversary at the vineyards of the Massandra company in the village of Malorechenskoye, in the southern part of the peninsula. Many nostalgic memories are associated with this place, because the team is coming here for the third time, everything here has become native and close.

    At work, polytechnicians master the profession of a winegrower: they tie up vines, water and collect ripe bunches of grapes, and look after young vineyards. And in their free time, they explore the surrounding area, visit nearby cities, conquer the Crimean mountains, swim in the sea and organize unforgettable events.

    “What are my feelings about the season? The most diverse! Each new day brings an unusually large number of emotions and impressions, something is constantly happening around – it overwhelms, even confuses from being unaccustomed to it,” shared her impressions of her first trip, “Django” candidate Dasha Shcherbinina. “It seems that I live some new, completely unreal life. And in this life – sun, sea, mountains and endless vineyards!”

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

    .

    MIL OSI Russia News –

  • MIL-OSI United Nations: European Union maintains vital support for WFP’s lifesaving assistance in Algeria

    Source: World Food Programme

    ALGIERS – The European Union (EU) has reaffirmed its commitment to Sahrawi refugees in Algeria through sustained funding for the United Nations World Food Programme (WFP), enabling the delivery of vital food assistance to over 133,000 vulnerable people each month. This month marks the second year of the multi-year partnership that provides €5 million annually to address one of the world’s most protracted refugee crises.

    In the remote desert camps near Tindouf, where Sahrawi refugees have lived since 1975, WFP’s assistance remains a lifeline. More than 80 percent of the population relies entirely on humanitarian aid to meet their basic food needs. Through its partnership with the Algerian Red Crescent, WFP distributes monthly food rations tailored to nutritional needs, while increasingly prioritising programmes, including Social Behaviour Change (SBC) initiatives, addressing malnutrition among children and pregnant women and promoting better nutrition practices.

    “We are deeply grateful to the European Union for their unwavering support and commitment to the Sahrawi refugees,” said Aline Rumonge, WFP Representative and Country Director in Algeria. “This strong and reliable partnership provides the sustained funding we need to deliver life-saving assistance while improving the effectiveness of our operations in the camps.”

    In 2024, WFP provided nearly 19,000 metric tons of food and reached 8,600 pregnant and breastfeeding women with monthly cash-based transfers to improve dietary diversity and reduce the risk of anaemia. In addition, WFP distributed specialised nutritious food to prevent and treat moderate acute malnutrition among children under five.

    The EU has been a cornerstone donor for WFP’s operations in Algeria, contributing €102 million (US$123.4 million) since 2003. With needs persisting and global attention waning, this enduring partnership underscores a shared commitment to ensure Sahrawi refugees are not forgotten.

    WFP has supported the Sahrawi refugees in Algeria since 1986. WFP’s operations in the country are carried out and monitored in collaboration with national and international organizations to ensure food assistance reaches the people for whom it is intended.

    #                #            #

    The United Nations World Food Programme is the world’s largest humanitarian organization, saving lives in emergencies, building prosperity and supporting a sustainable future for people recovering from conflict, disasters and the impact of climate change.

    Follow us on X @wfp_media @wfp_mena

    MIL OSI United Nations News –

  • MIL-OSI United Nations: Secretary-General’s video message to the High-level Conference commemorating the Fiftieth Anniversary of the Helsinki Final Act

    Source: United Nations secretary general

    Download the video:
    https://s3.us-east-1.amazonaws.com/downloads2.unmultimedia.org/public/video/evergreen/MSG+SG+/SG+26+Jun+25/3418332_MSG+SG+HELSINKI+FINAL+ACT+50TH+26+JUN+25.mp4

    Excellencies, Dear Friends,

    I am pleased to send my warm greetings as you gather to mark the 50th anniversary of the Helsinki Final Act.

    I commend OSCE Chair, Finland, for its leadership in convening this anniversary event.

    Half a century ago, the Helsinki Final Act charted a bold and visionary course for peace – rooted in dialogue, grounded in international law, and anchored in the fundamental rights and freedoms of all people. 

    This year also marks the 80th anniversary of the UN Charter.  The principles of our Charter and the OSCE are a shared foundation for peace and cooperation. 

    But today those principles are under grave strain.

    War continues to rage in the European continent. 

    Trust between states is fraying. 

    Human rights are under assault. 

    Democratic space is shrinking. 

    And disinformation is fueling division and fear.   

    We are witnessing a dangerous drift away from commitments that have safeguarded peace for generations.

    Yet, in this moment of peril, the values enshrined in the UN Charter and echoed in the Helsinki Final Act – sovereignty, territorial integrity and peaceful coexistence – remain our moral and strategic compass.

    The role of the OSCE as a platform for dialogue and a guardian of these principles is more vital than ever. 

    The United Nations stands firmly with the OSCE in defending shared values: dialogue over division, cooperation over confrontation, and dignity for all.

    Let us recommit to the spirit of Helsinki.

    By strengthening regional partnerships to renew multilateralism.

    By principled leadership to uphold international law.

    And by forging unity of purpose to build a future of mutual respect, resilience, and shared prosperity.

    Let us honour this milestone by renewing our commitment to a world anchored in peace, justice, and human rights.

    Thank you — and my very best wishes for a successful meeting.

    MIL OSI United Nations News –

  • MIL-OSI Asia-Pac: Task Group on New Medical School conducts overall evaluation of proposals (with photo)

    Source: Hong Kong Government special administrative region

    Task Group on New Medical School conducts overall evaluation of proposals (with photo) 
         Between May and June this year, the Task Group held two meetings with the three universities that submitted proposals, namely Hong Kong Baptist University, the Hong Kong Polytechnic University and the Hong Kong University of Science and Technology, to have in-depth discussions and gain a better understanding of their submissions. Subsequently, the expert advisors conducted a comprehensive review of the proposals in their respective areas of expertise and provided advice from various perspectives (including innovative strategic positioning, curriculum structure and assessment methodologies, and financial sustainability) in accordance with the 10 key parameters set.
     
         At today’s meeting, the expert advisors conducted an overall assessment of the proposals, and initiated the next phase of follow-up work to conduct a thorough study of the funding arrangements and financial sustainability of the proposals. A final recommendation on the establishment of the new medical school is expected to be provided to the Government later this year.
     
         Professor Lo said, “Since its establishment, the Task Group has taken forward the evaluation exercise at full speed in a rigorous, impartial and professional manner. The meeting today marks a key milestone in the evaluation process, as the Task Group has largely reached a consensus on the evaluation of the proposals. We will consolidate the views of all Task Group members and submit our recommendation to the Chief Executive as soon as possible. The Government will thoroughly consider the Task Group’s report and announce the results in due course. I look forward to working with the Task Group in entering the next phase of preparing for the establishment of the new medical school.”
     
         Professor Lo emphasised, “The establishment of the third medical school is of paramount importance to the long-term development of the healthcare system in Hong Kong. The key to long-term development lies in reform and innovation. The new medical school will not only increase the number of locally trained doctors, but will also introduce healthy competition and complementary development with the two existing medical schools, hence creating synergy, raising the standard and capacity of local healthcare services, scientific research and medical education in the long run, thereby achieving the strategic goal of developing Hong Kong into an international health and medical innovation hub.”
     
         Dr Choi said, “I sincerely thank the expert advisors and members of the Task Group for their efforts over the past months and their valuable professional input throughout the evaluation process. The establishment of a new medical school will inject impetus into Hong Kong’s higher education sector. We hope the selected university will leverage the strategic advantage of being located in the Northern Metropolis University Town to foster curriculum innovation, interdisciplinary collaboration, and the nurturing of healthcare professionals equipped with global vision and innovative capability. This initiative responds to the national strategy of building the nation into a leading country in education and will further promote regional collaboration and the integration of innovation. We are confident that the new medical school will open a new chapter for higher education and medical development in Hong Kong.”
     
         The Chief Executive announced in the 2024 Policy Address that the Government supports the establishment of the third medical school by a local university to nurture more outstanding medical practitioners to support the local healthcare system in providing quality services, while at the same time promoting the development of Hong Kong into an international medical training, research and innovation hub. To take forward the relevant work, the Task Group was established in October 2024, comprising seasoned local, Mainland and overseas academics in medical education and university management, professionals, representatives from the Medical Council of Hong Kong and the Hong Kong Academy of Medicine, as well as representatives from the relevant government bureaux and departments.
    Issued at HKT 19:12

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    MIL OSI Asia Pacific News –

  • MIL-OSI Europe: Julie Klein Appointed Dean of the Law School

    Source: Universities – Science Po in English

    Luis Vassy, President of Sciences Po, has appointed Julie Klein as Dean of the Law School. She succeeds Sébastien Pimont.

    Julie Klein has been a professor at Sciences Po since 2020, and she currently leads the “Enterprises, Markets, Regulations” (EMR) specialism within the Master’s in Economic Law. A widely respected legal scholar, she is an expert in the law of obligations, the law of evidence, and economic law. She is a member of the Scientific Council of Sciences Po, chairs the student disciplinary committee, and serves as scientific director of La Semaine juridique – édition entreprise (JCP E).

    Her research explores the interplay between civil and commercial law. She contributes actively to collective reflections on the evolution of law, participating in several working groups led by the Ministry of Justice and the High Legal Committee for the Financial Markets of Paris (HCJP), mainly on the reform of the law of obligations, corporate law, and international chambers.

    Julie Klein is an outstanding jurist and scholar who has been deeply involved in the Law School and more broadly within the institution for several years. At a time when global upheavals are reshaping the boundaries of law, she will lead the School’s project with vision and ambition. I have full confidence in her commitment, her intellectual rigour and her ability to uphold and further elevate the Law School’s standing at the highest level.

    I would like to express my gratitude to Sébastien Pimont for his leadership over the past five years. His tenure has been marked by significant achievements – in France, with the remarkable success of our students across all legal professions, and internationally, as demonstrated by the School’s growing global appeal.

    Luis Vassy, President of Sciences Po

    MIL OSI Europe News –

  • MIL-OSI Europe: Sweden hosts trade dialogue between United States and People’s Republic of China

    Source: Government of Sweden

    On 28–29 July, Sweden hosted a high-level dialogue on trade and other related matters between the United States and China in Stockholm. The meeting was arranged at the joint request of the parties and is an important step in the ongoing trade negotiations between the US and China.

    MIL OSI Europe News –

  • MIL-OSI Security: Appeal to trace woman and newborn baby missing from Walthamstow

    Source: United Kingdom London Metropolitan Police

    Police are appealing for information after a woman is reported to have given birth to a baby before going missing.

    Shortly before 16:45hrs on Wednesday, 30 July a report was made to the police that a woman had given birth that same day at about 08:00hrs at the Billet Road underpass, Walthamstow.

    A witnesses was alerted when she heard sounds of distress in the underpass. She aided with the birth and stayed with the woman until about 16:00hrs when the mother and the newborn were picked-up by two people in a blue transit van.

    The woman is believed to be rough sleeping, white, in her mid-30s, with long blonde hair. She was wearing a black dress and heavy jumper and is believed to go by the name Anne Marie.

    Officers are extremely concerned for the welfare of her and her baby.

    PC Dan Cooper, from the North East area’s Local Missing Hub, said: “Our top priority is to establish that the woman and her baby are safe and well and have access to any medical treatment they may need. I would like to stress that the woman is not in any trouble, our only concern is the wellbeing of her and her newborn child.

    “We are carrying out fast-paced enquiries, including trawling CCTV, speaking to people in the area and visiting nearby hospitals.

    “I’d also like to appeal to anyone who was in the area at the time and may have seen or heard something to come forward. Were you walking or cycling through the underpass or at the nearby Kwik Fit garage? If so, please get in touch with us.

    “If the woman does not feel comfortable speaking to us, she can go directly to a medical centre or a charity.”

    Anyone with information is asked to call the North East area’s Local Missing Hub on 07881 330 956 or 101 quoting CAD 5617/30JUL.

    Alternatively, you can contact the independent charity Crimestoppers anonymously on 0800 555 111 or visit crimestoppers-uk.org.

    MIL Security OSI –

  • Cabinet approves ₹11,169-crore rail multitracking projects across six states

    Source: Government of India

    Source: Government of India (4)

    The Cabinet Committee on Economic Affairs on Thursday approved four key railway multitracking projects worth approximately ₹11,169 crore. These projects, spanning six states and 13 districts, are expected to expand Indian Railways’ network by 574 kilometres and are scheduled for completion by 2028-29.

    The projects span 13 districts across Maharashtra, Madhya Pradesh, West Bengal, Bihar, Odisha, and Jharkhand, and will add around 574 kilometres to the existing railway network. The approved corridors include the fourth line between Itarsi and Nagpur, doubling of the Aurangabad (Chhatrapati Sambhajinagar)-Parbhani section, and the third and fourth lines on the Aluabari Road-New Jalpaiguri and Dangoaposi-Jaroli routes.

    These multitracking works are aligned with the government’s PM Gati Shakti National Master Plan, focusing on multi-modal connectivity through integrated planning and stakeholder consultations. The enhanced line capacity is expected to alleviate congestion, increase operational efficiency, and provide more reliable services for both freight and passenger trains.

    The proposed upgrades will benefit approximately 2,309 villages with a population of about 43.6 lakh and generate an estimated 2.29 crore person-days of direct employment during the construction phase.

    The corridors identified are vital freight routes for commodities such as coal, cement, clinker, gypsum, fly ash, containers, agricultural produce, and petroleum products. The capacity augmentation is projected to handle an additional 95.91 million tonnes per annum (MTPA) of freight traffic.

    Beyond economic and logistical benefits, the projects are aligned with India’s climate goals. The railways’ increased capacity is estimated to reduce oil imports by 16 crore litres annually and lower carbon dioxide emissions by 515 crore kilograms – equivalent to planting around 20 crore trees.

  • Cabinet approves ₹2,000 crore grant to NCDC to boost cooperative sector

    Source: Government of India

    Source: Government of India (4)

    In a move aimed at strengthening India’s cooperative sector, the Union Cabinet, chaired by Prime Minister Narendra Modi, on Thursday approved a Central Sector Scheme titled “Grant in Aid to National Cooperative Development Corporation (NCDC)” with a total outlay of ₹2,000 crore. The scheme will be implemented over a four-year period from 2025-26 to 2028-29, with an annual budgetary allocation of ₹500 crore.

    The approved grant will enable NCDC to raise ₹20,000 crore from the open market over the next four years. These funds will be utilized to provide loans to cooperatives for setting up new projects, expanding existing operations, upgrading technology, and meeting their working capital needs.

    According to the government, the initiative is expected to benefit approximately 2.9 crore members across 13,288 cooperative societies spanning various sectors, including dairy, livestock, fisheries, sugar, textiles, food processing, storage, cold storage, labour cooperatives, and women-led cooperatives.

    Implementation Strategy

    NCDC will serve as the nodal agency for the scheme. It will be responsible for the disbursement of loans, project monitoring, and recovery of funds. Loans will be extended either directly to eligible cooperatives or routed through respective state governments, as per NCDC’s funding guidelines. Direct funding will be allowed against admissible security or with a state government guarantee.

    The scheme aims to provide both long-term credit for infrastructure development and short-term loans for working capital, helping cooperatives run their businesses more efficiently and profitably.

    Economic and Employment Impact

    The Cabinet noted that the infusion of funds will facilitate the creation of income-generating assets and enhance liquidity in the cooperative sector. This, in turn, is expected to increase productivity, profitability, and job creation, especially in rural areas. The move is seen as a catalyst for socio-economic empowerment, particularly for women and marginalized communities.

    Furthermore, infrastructure development backed by these loans is likely to generate employment opportunities across various skill levels, thus contributing to India’s inclusive growth agenda.

    A Strategic Boost to Rural Economy

    India’s cooperative movement contributes significantly to the Indian economy, particularly by driving socio-economic advancement, strengthening rural infrastructure and generating employment in the rural sector. Spanning credit and banking, fertiliser distribution, sugar production, dairy, agricultural marketing, consumer retail, handlooms, handicrafts, fisheries, housing and more, cooperatives in India have their outreach across many production areas. Today, the country hosts more than 8.25 lakh registered cooperatives, enrolling over 29 crore members; remarkably, about 94 per cent of all farmers are linked to cooperatives in some form or the other.

    By offering targeted financial support, especially to under-resourced segments like dairy, poultry, fisheries, and women-led cooperatives, the scheme aims to enhance the sector’s capacity for modernization, diversification, and economic resilience.

  • MIL-OSI Africa: Op-Ed: Financing Energy Access in Africa: Leveraging Fossil Fuel Revenues to End Energy Poverty (By NJ Ayuk)

    Source: APO – Report:

    NJ Ayuk, Executive Chairman of the African Energy Chamber (https://EnergyChamber.org)

    In an emissions-focused world, do oil and gas revenues have a role to play in ending energy poverty in Africa? It may sound counterintuitive, but many would argue that they do, albeit as enablers of a future powered by alternative energy sources.

    The key lies in recognizing that Africa’s situation is unique, and solutions take time, building on what we have and what we can do with it. This means that, in working towards a just energy transition, the continent’s oil and gas resources shouldn’t be viewed as obstacles that need to be immediately replaced by renewable energy sources. Instead, rather than prematurely phasing out fossil fuels in response to global pressure, Africa should harness these revenues responsibly to finance its energy transition and ultimately eradicate energy poverty.

    Prioritizing Development Alongside Sustainability

    Nearly 600 million Africans still live without access to electricity (https://apo-opa.co/3U6V4uH). This access is a fundamental human right, yet energy poverty remains one of the continent’s most significant barriers to development. This undermines health systems, education, industrialization, and dignity. As the world debates how to rapidly achieve net-zero, Africa’s priority is different: how to power its people now, while building a sustainable future.

    Measuring Africa’s energy transition progress against external calls for an abrupt end to fossil fuels risks leaving millions behind. Our continent contributes less than 4% (https://apo-opa.co/4odEQxF) to global emissions, yet we are expected to decarbonize at the same pace as industrialized nations that built their wealth on hydrocarbons.

    Instead, the continent’s abundance of fossil fuels should be viewed as a bridge, not a barrier. The African Energy Chamber (AEC) Africa-Paris Declaration (https://apo-opa.co/3GO1ImM) underscores this principle – Africa’s oil and gas revenues can and must be used as a financial lever to invest in electrification, clean energy, and infrastructure projects. This pragmatic and just approach prioritizes development alongside sustainability, not instead of.

    There are several ways to achieve this. First, reinvesting oil and gas revenues into rural electrification can transform communities. Decentralized solutions like off-grid solar and mini-grids offer practical ways to reach remote areas. Although urban dwellers do experience power outages, for many rural populations, it’s a way of life. For the mother cooking with firewood or the student studying by candlelight, a small solar grid is life-changing. Fossil fuel revenues can finance these systems at scale, bridging the immediate access gap while longer-term grid expansions are in progress.

    Second, establishing innovative financing mechanisms is essential. For instance, the fledgling Africa Energy Bank (https://apo-opa.co/4l5R2Of) aims to bridge the continent’s estimated $31 billion to $50 billion annual energy funding gap by focusing predominantly on financing energy projects. Launched in 2025, the bank is poised to play a transformative role in mobilizing capital for African energy projects. Additionally, global investors are increasingly exploring energy investment opportunities in Africa. In support of this, development finance institutions, such as the African Development Bank, the World Bank, and the International Finance Corporation, are de-risking investments by offering concessional loans, guarantees, and technical assistance, making investment in African energy projects more attractive. 

    Third, policy reforms that create enabling environments are critical. Here, governments have a role to play in prioritizing revenue-generating projects, creating stable regulatory frameworks, and offering incentives for public-private partnerships. This will support investment, reduce risks, and unlock the transformative power of energy access.

    These solutions demonstrate the importance of a fair and equitable transition and the vital role that fossil fuels will continue to play in achieving this goal. They also prove that this goal is achievable, even if it is on the continent’s own terms.

    Unique Solutions to Africa’s Energy Challenges

    Africa’s path to net-zero has the same end goal as the rest of the world, but it can’t mirror their journey. Our starting points are different, and our development needs are urgent. We understand that climate action can’t be delayed. But it can be just, inclusive, and rooted in African realities. And it can also be supported by revenues from our abundant natural resources.  

    The Africa-Paris Declaration notes that ‘a fair transition recognizes that fossil fuels remain valuable for Africa’s development, prosperity, and energy access goals. Africa doesn’t need to choose between oil and gas or renewables. Given our current position, all are important and require both strategic and sensible deployment. Fossil fuels generate the revenues to invest in solar, wind, hydropower, and grid infrastructure. They fuel industries that create jobs. They support healthcare, education, and innovation.

    When managed responsibly, Africa’s fossil fuel revenue can serve as a bridge to a brighter, greener, and more prosperous continent. Will it be quick and easy? No. Will some question the approach? Most certainly. But the alternative is leaving hundreds of millions of people in the dark.

    – on behalf of African Energy Chamber.

    Media files

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    MIL OSI Africa –

  • MIL-OSI United Kingdom: More wraparound childcare available in Derby to support working families

    Source: City of Derby

    Derby City Council is expanding before and after-school childcare places across the city, supported by government investment to help working families access more flexible childcare options.

    This expansion means more families will be able to access affordable, reliable childcare from 8am to 6pm during term time.

    Through the Department for Education’s Wraparound Childcare Programme, Derby has secured a share of the £289 million national funding to support this goal. The government aims to ensure that by September 2026, all parents who need wraparound care can find it locally.

    Since the funding was introduced, Derby City Council has already supported several primary schools to expand their wraparound care. This has created hundreds of new childcare places, helping more parents and carers access dependable support before and after the school day.

    Councillor Paul Hezelgrave, Derby City Council Cabinet Member for Children, Young People and Skills, said: 

    This funding is making a real difference to families across Derby, giving parents more choice and flexibility when it comes to childcare.

    We know how important wraparound care is in helping parents juggle work and family life, and we’re committed to ensuring that every child has access to high-quality, inclusive provision close to home.

    I’m proud of the progress we’ve made so far, and I encourage more schools and providers to come forward and take advantage of the support available.

    Laura Mitchell, Wraparound Programme Manager at Derby City Council, said:

    We know that childcare is a key barrier for many parents when it comes to work and training. Our goal is to make sure that every family in Derby who needs wraparound care has access to a place that suits their needs.

    A crucial part of achieving this has been the long-standing dedication of our Private, Voluntary, and Independent (PVI) providers. Their commitment, flexibility, and deep-rooted presence in the community have played a vital role in supporting families and laying the groundwork for the success of the Wraparound Childcare Programme.

    We’ve already seen a fantastic response from schools and providers. We’re working closely with them to support new or expanded wraparound provision, and there’s still funding available for others who are interested.

    Derby City Council continues to work with schools, PVI providers and childminders to develop long-term, sustainable childcare tailored to each community’s needs. The programme also prioritises inclusive provision, supporting children with additional needs and ensuring all eligible families can benefit.

    Funding is available until March 2026. Schools and childcare providers interested in creating or expanding wraparound care are encouraged to get in touch at wap@derby.gov.uk.

    More information on wraparound childcare can be found on the Derby City Council website.

    MIL OSI United Kingdom –

  • MIL-OSI Russia: Rosneft has created the first robotic complex in Russia for repairing oil pipes

    Translation. Region: Russian Federal

    Source: Rosneft – An important disclaimer is at the bottom of this article.

    Specialists from the Ufa scientific institute of Rosneft have made a real breakthrough – they have developed and patented the first Russian robotic complex for repairing pump and compressor pipes (NKT). This is a fully automated system that uses the most modern technologies for monitoring and managing processes.

    The robotic complex is a modular design that allows changing the equipment configuration depending on the complicating factors common in the production region. Two technological lines allow not only to repair pipes, but also to apply a protective coating to their inner surface. The productivity of the complex reaches 21 thousand pipes per month.

    The main advantage of the development is minimal human involvement. The entire complex process, including sorting, cleaning pipes from various types of contaminants and even such operations as turning and turning connecting couplings, is now performed automatically. The system’s operation is controlled by personnel remotely.

    The introduction of robotic lines provides several advantages at once: production becomes more compact, safer and more efficient. As a result, the share of manual operations will decrease by 53%, while productivity will increase by 25%.

    The project is a successful example of effective interaction between corporate science and production. The Ufa tandem plans to implement this direction not only at Rosneft facilities, but also to replicate its results to third-party oil companies interested in the development of domestic robotics and the effective use of innovations in the repair of tubing.

    The introduction of advanced approaches and technologies is one of the key areas of the Rosneft-2030 strategy. The company pays special attention to innovative development, defining technological leadership as a key factor in competitiveness in the oil market.

    Department of Information and AdvertisingPJSC NK RosneftJuly 31, 2025

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

    .

    MIL OSI Russia News –

  • MIL-OSI Asia-Pac: June retail sales up 0.7%

    Source: Hong Kong Information Services

    The value of total retail sales in June, provisionally estimated at $30.1 billion, was up 0.7% compared with the same month in 2024, the Census & Statistics Department announced today.

    After netting out the effect of price changes over the same period, the provisional estimate for the month was 0.3% lower year on year.

    On a seasonally adjusted basis, the provisional estimate of the value of total retail sales was up 0.3% in the second quarter compared with the first quarter, while the provisional estimate of the volume of total retail sales increased by 2.7%.

    Online sales accounted for 8.5% of the total retail sales figure for the month. Provisionally estimated at $2.5 billion, the value of online retail sales rose 8.4% compared with a year earlier.

    Meanwhile, the value of sales of jewellery, watches and clocks, and valuable gifts increased by 6.8%.

    There were also increases in the value of sales in the following categories: “other consumer goods not elsewhere classified” (+7.2%); commodities in supermarkets (+0.4%); medicines and cosmetics (+6%); commodities in department stores (+5.7%); and optical items (+1%).

    By contrast, the value of sales of apparel decreased by 4.3% for the period. Also down were sales of food, alcoholic drinks and tobacco (-1.5%); electrical goods and other consumer durable goods not elsewhere classified (-9.3%); motor vehicles and parts (-6%); fuels (-8.7%); furniture and fixtures (-16.3%); footwear, allied products and other clothing accessories (-7.2%); Chinese drugs and herbs (-2%); and books, newspapers, stationery and gifts (-4.7%).

    The Government said that retail sales have shown signs of stabilisation in recent months. Looking ahead, it expects that continued increases in employment earnings and a buoyant local stock market, coupled with the Government’s efforts in promoting tourism and mega events, as well as enterprises’ efforts to provide more diversified experiences, will support consumption.

    MIL OSI Asia Pacific News –

  • MIL-OSI: Orrön Energy announces the sale of a 76 MW solar project in Germany

    Source: GlobeNewswire (MIL-OSI)

    Orrön Energy AB (“Orrön Energy” or “the Company”) is pleased to announce that it has entered into an agreement with Saxovent Renewables to sell a 76 MW solar project in Germany, for a total consideration of MEUR 4.0. The consideration paid at closing is MEUR 2.0, with the remaining consideration contingent upon municipal and legislative approvals.

    The project is located in the northeastern part of Germany, and is being developed as an agrivoltaic (Agri-PV) project, enabling agricultural activities to take place alongside solar power generation. Half of the total consideration of MEUR 4.0 is paid at closing, which is expected imminently. The contingent consideration of MEUR 2.0 is subject to the fulfilment of two conditions: (i) municipal approval of the zoning plan (Satzungsbeschluss) and (ii) EU Commission approval of the German Solar Package 1 legislation.

    The transaction forms part of the Company’s strategy to monetise early-stage projects from its greenfield portfolio to diversify and enhance revenue streams.

    Daniel Fitzgerald, CEO for Orrön Energy commented;
    “I am very pleased to announce the first sale from our greenfield portfolio in Germany, which demonstrates our ability to unlock value early in the development cycle and marks an important step in delivering on our strategy. Germany remains one of our key markets for greenfield projects, with a strong demand for renewable energy and a supportive regulatory framework. I expect this to be the first in a series of project sales, as we continue to develop and mature our greenfield pipeline and deliver long-term value from this platform.”

    The Company’s CEO, Daniel Fitzgerald, and CFO, Espen Hennie, will host a webcast to comment on the six-month financial report on 6 August 2025 at 14:00 CEST. During the webcast, they will present this transaction along with the latest developments at Orrön Energy, followed by a question-and-answer session.

    Registration for the webcast presentation is available on the website and the below link:
    https://orron-energy.events.inderes.com/q2-report-2025

    For further information, please contact:

    Robert Eriksson
    Corporate Affairs and Investor Relations
    Tel: +46 701 11 26 15
    robert.eriksson@orron.com

    Jenny Sandström
    Communications Lead
    Tel: +41 79 431 63 68
    jenny.sandstrom@orron.com

    This is information that Orrön Energy AB is required to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the contact person set out above, at 13.25 (CEST) on 31 July 2025.

    Orrön Energy is an independent, publicly listed (Nasdaq Stockholm: “ORRON”) renewable energy company within the Lundin Group of Companies. Orrön Energy’s core portfolio consists of high quality, cash flow generating assets in the Nordics, coupled with greenfield growth opportunities in the Nordics, the UK, Germany, and France. With significant financial capacity to fund further growth and acquisitions, and backed by a major shareholder, management and Board with a proven track record of investing into, leading and growing highly successful businesses, Orrön Energy is in a unique position to create shareholder value through the energy transition.

    Saxovent Renewables GmbH & Co. KG is an independent project developer, operator, and investor in renewable energy based in Berlin and a wholly owned subsidiary of the investment company Saxovent Smart Eco Investments GmbH. As an experienced full-line provider, Saxovent Renewables covers the entire value chain in the field of renewable energies, from development and implementation to the long-term operation of the plants.

    Forward-looking statements
    Statements in this press release relating to any future status or circumstances, including statements regarding future performance, growth and other trend projections, are forward-looking statements. These statements may generally, but not always, be identified by the use of words such as “anticipate”, “believe”, “expect”, “intend”, “plan”, “seek”, “will”, “would” or similar expressions. By their nature, forward-looking statements involve risk and uncertainty because they relate to events and depend on circumstances that could occur in the future. There can be no assurance that actual results will not differ materially from those expressed or implied by these forward-looking statements due to several factors, many of which are outside the company’s control. Any forward-looking statements in this press release speak only as of the date on which the statements are made and the company has no obligation (and undertakes no obligation) to update or revise any of them, whether as a result of new information, future events or otherwise.

    Attachment

    The MIL Network –

  • MIL-OSI: DT Midstream Reports Strong Second Quarter 2025 Results

    Source: GlobeNewswire (MIL-OSI)

    DETROIT, July 31, 2025 (GLOBE NEWSWIRE) — DT Midstream, Inc. (NYSE: DTM) today announced second quarter 2025 reported net income of $107 million, or $1.04 per diluted share. For the second quarter of 2025, Operating Earnings were also $107 million, or $1.04 per diluted share. Adjusted EBITDA for the quarter was $277 million.

    Reconciliations of Operating Earnings and Adjusted EBITDA (non-GAAP measures) to reported net income are included at the end of this news release.

    The company also announced that the DT Midstream Board of Directors declared a $0.82 per share dividend on its common stock payable October 15, 2025 to stockholders of record at the close of business September 15, 2025.

    “We had another strong quarter, and the business is performing on track with our full-year plan,” said David Slater, President and CEO. “We continue to make great progress advancing organic projects from our backlog, with $0.6 billion of projects reaching final investment decisions during the second quarter.”

    Slater noted the following significant business updates:

    • Reached a final investment decision on Guardian Pipeline “G3” expansion of approximately 210 MMcf/d
    • Finalized our investment plan for the initial phase of modernization across our new interstate pipelines
    • Achieved an investment-grade credit rating with all three rating agencies
    • Established a record high quarterly gathering volume for our Haynesville system

    “Our second quarter results put us in a strong position to meet our financial goals for 2025 and we are reaffirming our 2025 Adjusted EBITDA guidance of $1.095 to $1.155 billion and our 2026 Adjusted EBITDA early outlook range of $1.155 to $1.225 billion,” said Jeff Jewell, Executive Vice President and CFO.

    The company has scheduled a conference call to discuss results for 9:00 a.m. ET (8:00 a.m. CT) today. Investors, the news media and the public may listen to a live internet broadcast of the call at this link. The participant toll-free telephone dial-in number in the U.S. and Canada is 888.596.4144, and the toll number is 646.968.2525; the passcode is 9881735. International access numbers are available here. The webcast will be archived on the DT Midstream website at investor.dtmidstream.com.

    About DT Midstream

    DT Midstream (NYSE: DTM) is an owner, operator and developer of natural gas interstate and intrastate pipelines, storage and gathering systems, compression, treatment and surface facilities. The company transports clean natural gas for utilities, power plants, marketers, large industrial customers and energy producers across the Southern, Northeastern and Midwestern United States and Canada. The Detroit-based company offers a comprehensive, wellhead-to-market array of services, including natural gas transportation, storage and gathering. DT Midstream is transitioning towards net zero greenhouse gas emissions by 2050, including a plan of achieving 30% of its carbon emissions reduction by 2030. For more information, please visit the DT Midstream website at www.dtmidstream.com.

    Why DT Midstream Uses Operating Earnings, Adjusted EBITDA and Distributable Cash Flow

    Use of Operating Earnings Information – Operating Earnings exclude non-recurring items, certain mark-to-market adjustments and discontinued operations. DT Midstream management believes that Operating Earnings provide a more meaningful representation of the company’s earnings from ongoing operations and uses Operating Earnings as the primary performance measurement for external communications with analysts and investors. Internally, DT Midstream uses Operating Earnings to measure performance against budget and to report to the Board of Directors.

    Adjusted EBITDA is defined as GAAP net income attributable to DT Midstream before expenses for interest, taxes, depreciation and amortization, and loss from financing activities, further adjusted to include the proportional share of net income from equity method investees (excluding interest, taxes, depreciation and amortization), and to exclude certain items the company considers non-routine. DT Midstream believes Adjusted EBITDA is useful to the company and external users of DT Midstream’s financial statements in understanding operating results and the ongoing performance of the underlying business because it allows management and investors to have a better understanding of actual operating performance unaffected by the impact of interest, taxes, depreciation, amortization and non-routine charges noted in the table below. We believe the presentation of Adjusted EBITDA is meaningful to investors because it is frequently used by analysts, investors and other interested parties in the midstream industry to evaluate a company’s operating performance without regard to items excluded from the calculation of such measure, which can vary substantially from company to company depending on accounting methods, book value of assets, capital structure and the method by which assets were acquired, among other factors. DT Midstream uses Adjusted EBITDA to assess the company’s performance by reportable segment and as a basis for strategic planning and forecasting.

    Distributable Cash Flow (DCF) is calculated by deducting earnings from equity method investees, depreciation and amortization attributable to noncontrolling interests, cash interest expense, maintenance capital investment (as defined below), and cash taxes from, and adding interest expense, income tax expense, depreciation and amortization, certain items we consider non-routine and dividends and distributions from equity method investees to, Net Income Attributable to DT Midstream. Maintenance capital investment is defined as the total capital expenditures used to maintain or preserve assets or fulfill contractual obligations that do not generate incremental earnings. We believe DCF is a meaningful performance measurement because it is useful to us and external users of our financial statements in estimating the ability of our assets to generate cash earnings after servicing our debt, paying cash taxes and making maintenance capital investments, which could be used for discretionary purposes such as common stock dividends, retirement of debt or expansion capital expenditures.

    In this release, DT Midstream provides 2025 and 2026 Adjusted EBITDA guidance. The reconciliation of net income to Adjusted EBITDA as projected for full-year 2025 and 2026 is not provided. DT Midstream does not forecast net income as it cannot, without unreasonable efforts, estimate or predict with certainty the components of net income. These components, net of tax, may include, but are not limited to, impairments of assets and other charges, divestiture costs, acquisition costs, or changes in accounting principles. All of these components could significantly impact such financial measures. At this time, DT Midstream is not able to estimate the aggregate impact, if any, of these items on future period reported earnings. Accordingly, DT Midstream is not able to provide a corresponding GAAP equivalent for Adjusted EBITDA.

    Forward-looking Statements

    This release contains statements which, to the extent they are not statements of historical or present fact, constitute “forward-looking statements” under the securities laws. These forward-looking statements are intended to provide management’s current expectations or plans for our future operating and financial performance, business prospects, outcomes of regulatory proceedings, market conditions, and other matters, based on what we believe to be reasonable assumptions and on information currently available to us.

    Forward-looking statements can be identified by the use of words such as “believe,” “expect,” “expectations,” “plans,” “strategy,” “prospects,” “estimate,” “project,” “target,” “anticipate,” “will,” “should,” “see,” “guidance,” “outlook,” “confident” and other words of similar meaning. The absence of such words, expressions or statements, however, does not mean that the statements are not forward-looking. In particular, express or implied statements relating to future earnings, cash flow, results of operations, uses of cash, tax rates and other measures of financial performance, future actions, conditions or events, potential future plans, strategies or transactions of DT Midstream, and other statements that are not historical facts, are forward-looking statements.

    Forward-looking statements are not guarantees of future results and conditions, but rather are subject to numerous assumptions, risks, and uncertainties that may cause actual future results to be materially different from those contemplated, projected, estimated, or budgeted. Many factors may impact forward-looking statements of DT Midstream including, but not limited to, the following: changes in general economic conditions, including increases in interest rates and associated Federal Reserve policies, a potential economic recession, and the impact of inflation on our business; industry changes, including the impact of consolidations, alternative energy sources, technological advances, infrastructure constraints and changes in competition; changes in global trade policies and tariffs; global supply chain disruptions; actions taken by third-party operators, producers, processors, transporters and gatherers; changes in expected production from Expand Energy and other third parties in our areas of operation; demand for natural gas gathering, transmission, storage, transportation and water services; the availability and price of natural gas to the consumer compared to the price of alternative and competing fuels; our ability to successfully and timely implement our business plan; our ability to complete organic growth projects on time and on budget; our ability to finance, complete, or successfully integrate acquisitions; our ability to realize the anticipated benefits of the Midwest Pipeline Acquisition and our ability to manage the risks of the Midwest Pipeline Acquisition; the price and availability of debt and equity financing; restrictions in our existing and any future credit facilities and indentures; the effectiveness of our information technology and operational technology systems and practices to detect and defend against evolving cyber attacks on United States critical infrastructure; changing laws regarding cybersecurity and data privacy, and any cybersecurity threat or event; operating hazards, environmental risks, and other risks incidental to gathering, storing and transporting natural gas; geologic and reservoir risks and considerations; natural disasters, adverse weather conditions, casualty losses and other matters beyond our control; the impact of outbreaks of illnesses, epidemics and pandemics, and any related economic effects; the impacts of geopolitical events, including the conflicts in Ukraine and the Middle East; labor relations and markets, including the ability to attract, hire and retain key employee and contract personnel; large customer defaults; changes in tax status, as well as changes in tax rates and regulations; the effects and associated cost of compliance with existing and future laws and governmental regulations, such as the Inflation Reduction Act and the One Big Beautiful Bill Act; changes in environmental laws, regulations or enforcement policies, including laws and regulations relating to pipeline safety, climate change and greenhouse gas emissions; changes in laws and regulations or enforcement policies, including those relating to construction and operation of new interstate gas pipelines, ratemaking to which our pipelines may be subject, or other non-environmental laws and regulations; our ability to qualify for federal income tax credits by Clean Fuels Gathering; our ability to develop low carbon business opportunities and deploy greenhouse gas reducing technologies; changes in insurance markets impacting costs and the level and types of coverage available; the timing and extent of changes in commodity prices; the success of our risk management strategies; the suspension, reduction or termination of our customers’ obligations under our commercial agreements; disruptions due to equipment interruption or failure at our facilities, or third-party facilities on which our business is dependent; the effects of future litigation; and the risks described in our Annual Report on Form 10-K for the year ended December 31, 2024 and our reports and registration statements filed from time to time with the SEC.

    The above list of factors is not exhaustive. New factors emerge from time to time. We cannot predict what factors may arise or how such factors may cause actual results to vary materially from those stated in forward-looking statements, see the discussion under the section entitled “Risk Factors” in our Annual Report for the year ended December 31, 2024, filed with the SEC on Form 10-K and any other reports filed with the SEC. Given the uncertainties and risk factors that could cause our actual results to differ materially from those contained in any forward-looking statement, you should not put undue reliance on any forward-looking statements.

    Any forward-looking statements speak only as of the date on which such statements are made. We are under no obligation to, and expressly disclaim any obligation to, update or alter our forward-looking statements, whether as a result of new information, subsequent events or otherwise.

    DT Midstream, Inc.
    Reconciliation of Reported to Operating Earnings (non-GAAP, unaudited)
                                   
      Three Months Ended
      June 30,   March 31,
        2025     2025
      Reported
    Earnings    		   Pre-tax
    Adjustments    		   Income
    Taxes    (1)    		   Operating Earnings   Reported
    Earnings    		   Pre-tax
    Adjustments    		   Income
    Taxes    (1)    		   Operating
    Earnings
      (millions)
    Adjustments     $ —     $ —             $ —     $ —      
    Net Income Attributable to DT Midstream $ 107     $ —     $ —     $ 107     $ 108     $ —     $ —     $ 108  
                                   
      Six Months Ended
      June 30,   June 30,
        2025     2024
      Reported
    Earnings    		   Pre-tax
    Adjustments    		   Income
    Taxes    (1)    		   Operating
    Earnings    		   Reported
    Earnings    		   Pre-tax Adjustments   Income
    Taxes    (1)    		   Operating
    Earnings
      (millions)
    Adjustments     $ —     $ —             $ —     $ —      
    Net Income Attributable to DT Midstream $ 215     $ —     $ —     $ 215     $ 193     $ —     $ —     $ 193  
                                   
    (1) Excluding tax related adjustments, the amount of income taxes was calculated based on a combined federal and state income tax rate, considering the applicable jurisdictions of the respective segments and deductibility of specific operating adjustments
                                   
                                   
    DT Midstream, Inc.
    Reconciliation of Reported to Operating Earnings per diluted share(1)(non-GAAP, unaudited)
                                   
      Three Months Ended
      June 30,   March 31,
        2025     2025
      Reported
    Earnings    		   Pre-tax Adjustments   Income
    Taxes    (2)    		   Operating
    Earnings    		   Reported
    Earnings    		   Pre-tax Adjustments   Income
    Taxes    (2)    		   Operating
    Earnings
      (per share)
    Adjustments     $ —     $ —             $ —     $ —      
    Net Income Attributable to DT Midstream $ 1.04     $ —     $ —     $ 1.04     $ 1.06     $ —     $ —     $ 1.06  
                                   
      Six Months Ended
      June 30,   June 30,
        2025     2024
      Reported
    Earnings    		   Pre-tax Adjustments   Income
    Taxes    (2)    		   Operating
    Earnings    		   Reported
    Earnings    		   Pre-tax Adjustments   Income
    Taxes    (2)    		   Operating
    Earnings
      (per share)
    Adjustments     $ —     $ —             $ —     $ —      
    Net Income Attributable to DT Midstream $ 2.10     $ —     $ —     $ 2.10     $ 1.97     $ —     $ —     $ 1.97  
                                   
    (1) Per share amounts are divided by Weighted Average Common Shares Outstanding — Diluted, as noted on the Consolidated Statements of Operations
    (2) Excluding tax related adjustments, the amount of income taxes was calculated based on a combined federal and state income tax rate, considering the applicable jurisdictions of the respective segments and deductibility of specific operating adjustments
                                   
                                   
    DT Midstream, Inc.
    Reconciliation of Net Income Attributable to DT Midstream to Adjusted EBITDA (non-GAAP, unaudited)
                   
      Three Months Ended Six Months Ended
      June 30,   March 31,   June 30,   June 30,
        2025       2025       2025       2024  
    Consolidated (millions)
    Net Income Attributable to DT Midstream $ 107     $ 108     $ 215     $ 193  
    Plus: Interest expense   40       40       80       79  
    Plus: Income tax expense   34       35       69       64  
    Plus: Depreciation and amortization   63       63       126       103  
    Plus: EBITDA from equity method investees(1)   64       73       137       142  
    Less: Interest income   —       (1 )     (1 )     (1 )
    Less: Earnings from equity method investees   (30 )     (37 )     (67 )     (85 )
    Less: Depreciation and amortization attributable to noncontrolling interests   (1 )     (1 )     (2 )     (2 )
    Adjusted EBITDA $ 277     $ 280     $ 557     $ 493  
                   
    (1) Includes share of our equity method investees’ earnings before interest, taxes, depreciation and amortization, which we refer to as “EBITDA.” A reconciliation of earnings from equity method investees to EBITDA from equity method investees follows:
     
      Three Months Ended Six Months Ended
      June 30,   March 31,   June 30,   June 30,
        2025       2025       2025       2024  
      (millions)
    Earnings from equity method investees $ 30     $ 37     $ 67     $ 85  
    Plus: Depreciation and amortization attributable to equity method investees   19       22       41       41  
    Plus: Interest expense attributable to equity method investees   15       14       29       16  
    EBITDA from equity method investees $ 64     $ 73     $ 137     $ 142  
                   
                   
    DT Midstream, Inc.
    Reconciliation of Net Income Attributable to DT Midstream to Adjusted EBITDA
    Pipeline Segment (non-GAAP, unaudited)
                   
      Three Months Ended Six Months Ended
      June 30,   March 31,   June 30,   June 30,
        2025       2025       2025       2024  
    Pipeline (millions)
    Net Income Attributable to DT Midstream $ 93     $ 92     $ 185       145  
    Plus: Interest expense   11       13       24       25  
    Plus: Income tax expense   29       30       59       48  
    Plus: Depreciation and amortization   28       28       56       37  
    Plus: EBITDA from equity method investees(1)   64       73       137       142  
    Less: Interest income   —       (1 )     (1 )     (1 )
    Less: Earnings from equity method investees   (30 )     (37 )     (67 )     (85 )
    Less: Depreciation and amortization attributable to noncontrolling interests   (1 )     (1 )     (2 )     (2 )
    Adjusted EBITDA $ 194     $ 197     $ 391     $ 309  
                   
    (1)  Includes share of our equity method investees’ earnings before interest, taxes, depreciation and amortization, which we refer to as “EBITDA.” A reconciliation of earnings from equity method investees to EBITDA from equity method investees follows:
     
      Three Months Ended Six Months Ended
      June 30,   March 31,   June 30,   June 30,
        2025       2025       2025       2024  
      (millions)
    Earnings from equity method investees $ 30     $ 37     $ 67     $ 85  
    Plus: Depreciation and amortization attributable to equity method investees   19       22       41       41  
    Plus: Interest expense attributable to equity method investees   15       14       29       16  
    EBITDA from equity method investees $ 64     $ 73     $ 137     $ 142  
                   
                   
    DT Midstream, Inc.
    Reconciliation of Net Income Attributable to DT Midstream to Adjusted EBITDA
    Gathering Segment (non-GAAP, unaudited)
                   
      Three Months Ended Six Months Ended
      June 30,   March 31,   June 30,   June 30,
        2025       2025       2025       2024  
    Gathering (millions)
    Net Income Attributable to DT Midstream $ 14     $ 16     $ 30     $ 48  
    Plus: Interest expense   29       27       56       54  
    Plus: Income tax expense   5       5       10       16  
    Plus: Depreciation and amortization   35       35       70       66  
    Less: Interest income   —       —       —       —  
    Adjusted EBITDA $ 83     $ 83     $ 166     $ 184  
                   
                   
    DT Midstream, Inc.
    Reconciliation of Net Income Attributable to DT Midstream to Distributable Cash Flow (non-GAAP, unaudited)
                   
      Three Months Ended Six Months Ended
      June 30,   March 31,   June 30,   June 30,
        2025       2025       2025       2024  
    Consolidated (millions)
    Net Income Attributable to DT Midstream $ 107     $ 108     $ 215     $ 193  
    Plus: Interest expense   40       40       80       79  
    Plus: Income tax expense   34       35       69       64  
    Plus: Depreciation and amortization   63       63       126       103  
    Less: Earnings from equity method investees   (30 )     (37 )     (67 )     (85 )
    Less: Depreciation and amortization attributable to noncontrolling interests   (1 )     (1 )     (2 )     (2 )
    Plus: Dividends and distributions from equity method investees   30       48       78       125  
    Less: Cash interest expense   (76 )     —       (76 )     (74 )
    Less: Cash taxes   (4 )     2       (2 )     (3 )
    Less: Maintenance capital investment(1)   (6 )     (8 )     (14 )     (13 )
    Distributable Cash Flow $ 157     $ 250     $ 407     $ 387  
                   
    (1)  Maintenance capital investment is defined as the total capital expenditures used to maintain or preserve assets or fulfill contractual obligations that do not generate incremental earnings.
                   
                   

    The MIL Network –

  • MIL-OSI: Flow Capital Announces a C$15.0M Investment in Common Wealth

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, ON, July 31, 2025 (GLOBE NEWSWIRE) — Flow Capital Corp. (TSXV: FW) (“Flow Capital” or the “Company”) is pleased to announce a C$15.0 million senior secured note in Common Wealth Pension Services Inc. (dba “Common Wealth”), a SaaS company serving the Canadian group retirement market, with a first tranche advance of C$4.0 million.

    Common Wealth offers a modern full-stack platform for group retirement plan administration. With a user-friendly interface and expert support, the platform empowers members to build long-term financial security, enables employers of all sizes to offer competitive retirement benefits, and equips advisors with tools to better serve clients and accelerate the growth of their group retirement practices.

    Flow Capital’s investment will support Common Wealth in accelerating product innovation, expanding its customer base, and scaling operations, advancing the company’s mission to make retirement security accessible to everyone in Canada.

    Growing technology companies seeking flexible, covenant-light, founder-friendly growth capital are encouraged to apply directly at www.flowcap.com/get-funding.

     About Common Wealth

    Common Wealth is driven by its mission to make retirement security accessible to everyone, currently serving over 1,100 employers across Canada, with especially rapid adoption among SMBs and the advisors who serve them. Common Wealth’s vision is to provide its members with a “retirement plan for life” that extends beyond the workplace, and to offer its advisor partners the best platform to power the growth of their businesses. Common Wealth’s retirement technology platform has been awarded Pensions & Investments’ global Innovation Award for Best Technology.

    For more information, please visit www.commonwealthretirement.com.

     About Flow Capital 

    Flow Capital Corp. is a publicly listed provider of flexible growth capital and alternative debt solutions dedicated to supporting high-growth companies. Since its inception in 2018, the company has provided financing to businesses in the US, the UK, and Canada, helping them achieve accelerated growth without the dilutive impact of equity financing or the complexities of traditional bank loans. Flow Capital focuses on revenue-generating, VC-backed, and founder-owned companies seeking  growth capital to drive their continued expansion.

    Learn more at www.flowcap.com.

     For further information, please contact:

     Flow Capital Corp.

    Alex Baluta
    Chief Executive Officer
    alex@flowcap.com

     47 Colborne Street, Suite 303,
    Toronto, Ontario M5E 1P8

      Forward-Looking Information and Statements

    Certain statements herein may be “forward-looking” statements that involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Flow or the industry to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether such results will be achieved. A number of factors could cause actual results to vary significantly from the results discussed in the forward-looking statements. These forward-looking statements reflect current assumptions and expectations regarding future events and operating performance and are made as of the date hereof and Flow assumes no obligation, except as required by law, to update any forward-looking statements to reflect new events or circumstances.

    The MIL Network –

  • MIL-OSI: Japan Blockchain Week 2025 (Aug 22 – Sep 19) — The Perfect Window to Experience Japan’s Most Vibrant Web3 Scene

    Source: GlobeNewswire (MIL-OSI)

    TOKYO, July 31, 2025 (GLOBE NEWSWIRE) — If you have ever thought about visiting Japan’s fast-growing crypto ecosystem, this is the year and this is the moment. From August 22 to September 15, 2025, Tokyo will host Japan Blockchain Week 2025 (JBW 2025)—a four-week festival that bundles the country’s flagship Web3 gatherings into one seamless schedule.

    Launched in 2022 to connect Japan’s builders and community with the global community, JBW has become the annual rendez-vous for investors, founders, developers, and policymakers who want to see where crypto meets the real world. This summer, one JBW AI summit and 6 headline partner events will create an unparalleled density of talent, capital, and cutting-edge ideas:

    Event Schedule

    Date Headline Event What to Expect
    Aug 23 JBW summit AI edition A deep dive into AI × Web3 and the coming ASI era—governance, privacy, and value creation on a planetary scale.This is a futuristic conference where experts from the AI ​​and web3 industries gather to discuss the updates of society around the world in preparation for the ASI era.
    Aug 24 Solana SuperTokyo SuperTokyo2025 is the largest Solana conference in Japan, organized by the Solana Foundation-certified community “SuperTeam Japan” to promote the growth of the Solana ecosystem in Japan. Once a year, Solana entrepreneurs, users, and fans from Japan and abroad will gather in Tokyo to create useful opportunities, and sessions by famous experts and startup camp programs will be held.
    Aug 25-26 WebX WebX2025 is produced by CoinPost, Japan’s largest Web3 media. The event will take place on August 25th and 26th, 2025 at The Prince Park Tower in Tokyo. WebX2025 is Asia’s largest global conference gathering professionals related to crypto assets, blockchain, and other Web3 technologies, offering visitors a direct interaction with companies, experts, entrepreneurs, investors, government officials, and media from Japan and abroad.
    Aug 27 Blockchain Leaders Summit Unified community: Bridge between Japan and the globe Participants will have an extraordinary opportunity to gain valuable insights directly from esteemed industry leaders and emerging powerhouses actively shaping the future landscape.
    Sep
    11    		 Web3privacy now Web3Privacy Now is a think-and-Do-tank of hundreds of people, projects, and organizations committed to protecting and advancing civil liberties, decentralization, and open-source software. ​​We facilitate cross-stack and cross-community collaboration to drive meaningful impact. We challenge standardization and maximalism, avoid abstractions and stereotypes. We work on the forefront of technology with a poly-disciplinary approach, togetherness, and care, assiting each other in clarifying paths toward effective progress.
    Sep 12-15 ETH Tokyo ETHTokyo is an engaging conference and hackathon for the global Ethereum community where people with all sorts of backgrounds, ideas, and skills come together to share their love for Ethereum and its world..
    Sep
    16-19    		 EDCON Once a year, the most impactful speakers, mentors and projects from around the world are invited to attend and share their message. Prior years include: Paris 2017, Toronto 2018, Sydney 2019, Online 2020-21, San Francisco 2022, Montenegro 2023, Tokyo 2024. EDCON is committed to serving the Ethereum ecosystem by boosting communication and engagement between Ethereum communities worldwide.

    Why Plan Your Trip Around JBW 2025?

    • One flight, five world-class conferences. Every week offers a new flagship event—optimise your travel budget while maximising exposure.
    • Cross-pollination at its best. Discuss the future of AI x web3 on Saturday,Meet Solana Tokyo community on Sunday, debate business in Japan on Monday, then hack Solidity in September—without leaving Tokyo.
    • Asia’s most underestimated market. Japan is opening up to token incentives,IP deployment to web3, stablecoin issuance, and DAO frameworks faster than headlines suggest. Tap early.
    • Seamless logistics. All venues are within 30 minutes of central Tokyo; an English-friendly metro, and top-tier hospitality make navigation easy.
    • Culture & crypto in one trip. In between conferences and networking nights, enjoy summer festivals, Michelin-level cuisine, and Tokyo’s unique and diverse culture.

    Quick Facts

    • Total 2024 attendance: over 50,000 attends in-person
    • Official language: English & Japanese (simultaneous interpretation provided)
    • Hashtag: #JBW2025

    About Japan Blockchain Week

    Japan Blockchain Week is a not-for-profit movement launched in 2022 to bridge the Japanese and global blockchain industries. By clustering independent conferences and hackathons under a single seasonal banner, JBW lowers friction for overseas participation and accelerates cross-border collaboration.CoinDesk Japan has joined as an special media partner.

    Comment from Mai Fujimoto

    Co-organizer of Japan Blockchain Week / Co-founder of INTMAX

    “Japan Blockchain Week is more than just a series of events — it has evolved into a platform that bridges Japan and the global Web3 community.This year, JBW brings together seven distinct blockchain events across just one month in Japan. Each event has its own theme and character, offering a completely different perspective on the future every week — an unprecedented format.

    There are few other occasions where such a diverse group of people from across borders and industries gathers in a single city.Join us this summer in Tokyo and Osaka, and let’s shape the future together!”

    Book your flights. Pack your dev laptop. We’ll see you in Tokyo for the most condensed month of Web3 I innovation anywhere in 2025.

    Website | X

    Contact:
    Mio Nanase
    staff@japanblockchainweek.jp

    Disclaimer: This content is provided by Japan Blockchain Week. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice.Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions.Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility. Globenewswire does not endorse any content on this page.

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/44bc5642-92b2-4885-bc2d-52f6a1ab0ad1

    The MIL Network –

  • MIL-OSI United Kingdom: Cardiff Capital Region backed by £30m to unlock innovation and growth

    Source: United Kingdom – Executive Government & Departments

    Press release

    Cardiff Capital Region backed by £30m to unlock innovation and growth

    Cardiff Capital Region is one of three UK cities and regions supported through the UK Government’s £500m local innovation fund.

    Aerial view of Cardiff.

    • Local partnerships will direct funding to range of priorities, from life sciences to AI, or could capitalise on Cardiff Capital Region’s existing strengths such as in automotive technology to support a greener future
    • Builds on record £86bn R&D settlement until 2030 and backs local skills to deliver economic growth as part of our Plan for Change

    Cardiff Capital Region is among three UK cities and regions receiving at least £30m each from the UK Government to unlock new, locally led innovation that can improve lives across the country, UK Science Minister Lord Vallance has announced today (Tuesday 29 July). 

    Partnerships between the city region authority, businesses and research organisations will work with UK Research and Innovation (UKRI) to invest the funding into a range of regional and national priorities in science and technology – from life sciences to green energy solutions, AI to engineering, and beyond.

    It could even build on the existing strengths of Cardiff, and Wales more widely, from its role in developing electric vehicle components that will help us build a greener world to its data science capabilities which can improve lives from better public services to improving our health. 

    The funding forms part of the Local Innovation Partnerships Fund (LIPF) of up to £500m, announced ahead of last month’s Spending Review to empower local leaders with skin in the game. It will help target innovation investment and make the most of their communities’ expertise to unleash discoveries that benefit us all and grow the economy as part of our Plan for Change.

    The decision to earmark at least £30m to three high-potential areas in Glasgow, Belfast-Derry/Londonderry and Cardiff was reached following collaboration between the UK Government and the governments of Scotland, Northern Ireland and Wales. Seven regions of England were also announced as recipients last month – spanning the North-East to Greater Manchester, Liverpool to London.

    The funding was announced as part of a record £86bn R&D settlement until 2030 and will help the Government to deliver our modern Industrial Strategy by backing high growth sectors and bolstering partnerships with industry for long-term economic growth.

    UK Science Minister Lord Vallance said: 

    From driving the development of electric vehicle components that will help deliver a greener planet to cutting-edge data science work, the Cardiff Capital Region playing a leading role in the technologies of the future that can benefit people throughout the UK.

    By targeting this funding with local leaders to a range of science and technology sectors we can make the most of the expertise across Cardiff and wider Wales to grow the economy as part of our Plan for Change.

    Secretary of State for Wales Jo Stevens said:

    This funding from the UK Government is vital to support Wales’s leading science and technology sectors. We are already punching above our weight in areas where there is huge potential for even more growth. 

    Wales has the talent and expertise to develop high tech solutions to a range of challenges, and this investment will help kickstart innovation, create new well-paid jobs and grow the Welsh economy.

    Welsh Government Cabinet Secretary for Economy, Energy and Planning, Rebecca Evans, said:

    This investment represents another vote of confidence in the Cardiff capital region and builds on our work supporting its growth, strong university research ecosystem, industry base and innovation clusters over a number of years.

    We will continue working closely with the South East Wales Corporate Joint Committee and the UK Government to build on the region’s strengths, attract significant private investment, strengthen regional partnerships and deliver real benefits for people across South East Wales and beyond.

    High potential innovation clusters in places that have not been earmarked for funding will also be able to bid into a competition, with UKRI publishing guidance on this competition soon.

    The Local Innovation Partnerships Fund represents a significant shift in place-based innovation policy, giving regions greater control over how research and development investment is directed to maximise their innovation potential and drive economic growth.

    It builds on the lessons learned from programmes already underway to support high potential innovation clusters in regions across the UK, including the Strength in Places Fund and the Innovation Accelerator pilot scheme and Innovate UK Launchpads.  

    The Innovation Accelerator pilot scheme alone has leveraged more than

    £140 million in new private investment, created hundreds of jobs across the West Midlands, Greater Manchester and Glasgow City Region, and supported a range of new technologies.

    It includes those developed by the Greater Manchester advanced diagnostic accelerator, delivering quicker and cheaper detection for liver, heart and lung diseases, whilst Moonbility from the West Midlands is using AI software helping train companies to simulate, in real time, potential disruption to the network so they can alert passengers on delay length, giving advice on replanning journeys.

    Updates to this page

    Published 31 July 2025

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: expert reaction to latest UKHSA data showing measles cases remain high

    Source: United Kingdom – Executive Government & Departments

    Scientists comment on latest data from the UK Health Security Agency (UKHSA) that shows measles cases remain high. 

    Dr Ben Kasstan-Dabush, Assistant Professor of Global Health & Development at the London School of Hygiene & Tropical Medicine (LSHTM), said:

    “It is no surprise that Hackney has seen the highest number of measles cases over the past four weeks. To prevent measles outbreaks, the WHO recommends that 95% of people are fully vaccinated with two doses of the MMR vaccine. In 2023-2024, MMR coverage in Hackney was lowest by local authority in England and just 60.8% had received both MMR doses by the age of five, compared with 83.9% of children on average across England. Without this vital vaccine coverage, children have been left as sitting ducks for a measles outbreak.

    “Hackney’s population is unique and a ‘one-size fits all’ approach will not solve the problem. The borough’s population is diverse and younger, with almost one in three residents aged under 24. Hackney also has among the highest numbers of children living in low income families in London and around one in four children are Haredi (strictly Orthodox Jewish). In this context, every family will have their own challenges and pressures, so how can we expect under-funded, inflexible delivery strategies to offer equitable access?

    “Local clinics and teams are working incredibly hard to protect children and prevent another child death from measles in the UK. But it is extremely difficult to sustain positive results when funding to commission vaccination projects and new professionals roles are short-term and unpredictable.

    “Together with a local GP in Hackney, Dr Tehseen Khan, we have been researching ways to ensure vital vaccines are accessible to those who need them. This includes evaluating how primary care teams in the area offer parents more convenient appointments through Sunday walk-in clinics and allowing parents to bring several children to one appointment. However, primary care cannot solve these challenges alone. I would encourage any parent with questions or concerns, or anyone who’s unsure on their own vaccination status, to reach out to their local GP surgery, as it’s never too late to catch up on the MMR vaccine.

    “Political decisions are threatening the ability to make long-term improvements in vaccination coverage in Hackney and nationwide. Integrated Care Boards, the NHS organisations that plan and commission health services for their local populations, are expected to reduce operational costs by 50%. This will be disastrous for vaccine coverage recovery efforts, and raises fundamental questions about how the government’s 10 year ‘Fit for the Future’ plan can realistically be implemented.”

    https://ukhsa-newsroom.prgloo.com/news/latest-data-show-measles-cases-remain-high-with-london-and-parts-of-the-north-west-driving-increase

    Declared interests

    Dr Ben Kasstan-Dabush: Dr Ben Kasstan- Dabush is Assistant Professor of Global Health & Development at the London School of Hygiene & Tropical Medicine. He is currently working on vaccine delivery research in Hackney, funded by the British Medical Association Foundation for Medical Research (2023 Kathleen Harper Award, in collaboration with Dr Tehseen Khan). This builds on previous work funded by the NIHR Health Protection Research Unit in Vaccines & Immunisation, a collaboration between LSHTM and UKHSA. Ben provides regular consultation to UKHSA.”

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: City Council awards £388,000 of grant funding to support local communities

    Source: City of Oxford

    Oxford City Council has awarded £388,000 of grant funding to 86 community groups and voluntary organisations – helping them to support local people across Oxford.  

    Oxford is the UK’s second most unequal city and the Council’s grants programme provides crucial financial support to organisations working to reduce inequality through the delivery of essential services, strategic projects, and community-led initiatives.  

     The Council has provided this latest funding through the Oxford Community Impact Fund (OCIF) programme, which is a three year fund that first started in 2022. It is already supporting essential services such as advice centres and domestic abuse support, with core funding maintained for these at the current level until March 2028. 

    Decisions have now been announced on two rounds of funding: 

    • Big Ideas Fund: Providing funding of £338,000 per year covering the period of 2025-2028.  
    • Small Grants (2025 Round 1): Providing funding of £50,000 (with £34,000 to follow in round 2), with a maximum of £3000 per organisation ensuring accessibility for smaller community groups.   

    All these grants have been awarded to organisations assessed on their work to reduce inequality and attract external funding to Oxford. 

    Big Ideas Fund 2025-28 

    The Council has awarded funding to 45 organisations across Oxford totalling £338,000 per annum, organisations will receive funding for three years. 

    These organisations are:   

    Ark-T Centre, Arts at the Old Fire Station, Aspire Oxfordshire, Asylum Welcome, Be Free Young Carers, Blackbird Leys Adventure Playground, Cowley Road Works, Cutteslowe Greenhouse Limited, Donnington Doorstep, EMBS Community College Limited, Emmaus Oxford, Fusion Arts, Home-Start, IF Oxford, In-Spire Sounds, Justice in Motion, Leys CDI, Makespace Oxford, Mandala Theatre, Museum of Modern Art, My Life My Choice, MyVision, OVADA, Oxford Community Action, Oxford Contemporary Music, Film Oxford, Oxford Hub, Oxford Mutual Aid, Oxford Pride, Oxford Youth Enterprise, Oxfordshire Chinese Community and Advice Centre, Oxfordshire Play Association, Peeple, Pegasus Theatre, Refugee Resource, Rose Hill Junior Youth Club, Sobell House, Survivor Space, T(ART) Productions, The Oxford Playhouse, The Parasol Project, The Story Museum, WASTE2TASTE, and Yellow Submarine. 

    Small Grants Fund 2025-6 (Round 1) 

    The Council has awarded funding to 41 organisations across Oxford, with funding totaling £50,000 overall. 

    These organisations are:  

    Parents And Children Together, Wild Boor Ideas, Fight Against Blindness (Fab), Rose Hill Community Larder, Oxford Opera Trust Cio, Response Organisation, Wood Farm Youth Centre, Action Deafness, Botley Bridges, Damascus Rose Kitchen, Blackbird Leys Boxing Club, Dovecote Voluntary Parent Committee, East Oxford Stay and Play, Fight Against Blindness, Headway Thames Valley Limited, Body Politic, Littlemore Hub, Syrian Sisters, Music at Oxford, Elmore Community Services, Read Easy Oxford, The Oxford Preservation Trust, Lowland Rescue, Oxford Afrobeats Festival, Iranian Community Network (ICN), Oxford Philharmonic Orchestra, Oxford Poetry Library, Tandem Collective, Oxford Health Charity (OHC), Oxford Peoples Theatre, MuMo Creative, Oxford Lindy Hoppers, Syrian Community Oxfordshire (SYRCOX), The Oxford Voice, The Porch, Oxfordshire Asian Women’s Voice, WEMPOWERED CIC, Rose Hill and Iffley Low Carbon, South Oxford Community-Association, The Good Gym, and Wood Farm Youth Centre. 

    It is estimated that for every £1 that the Council invests in local community organisations and groups through grant funding, this investment results in more than £15.92 of additional funding/earned income per organisation – helping to strengthen communities across the city. 

    This year, over half (51%) of applicants were new applicants. 

    You can learn more by visiting our grant funding webpages. 

    Comment 

    “We’ve streamlined our community grants programme and this year we’ve changed the criteria to provide a tight focus on work to reduce inequality in Oxford. We’re the UK’s second most unequal city and these grants will be spent on tackling this ugly scar on our beautiful city.

    “It is great news that we have been able to support so many community groups and organisations through this latest round of funding – and especially so many new groups. I can’t wait to visit as many of these projects as possible to see for myself the impact these funds will have on local communities and the difference made to people’s lives.” 

    Councillor Linda Smith, Cabinet Member for Housing and Communities

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Don Juan makes temporary move to Tower House

    Source: City of Canterbury

    Home  »  Latest News   »   Don Juan makes temporary move to Tower House

    We are very pleased to say fans of the Don Juan Cafe can now continue to enjoy their food and drink at their new temporary home at Tower House in the Westgate Gardens.

    They have taken over the tea hut on the patio at the back of Tower House, with the added bonus of glorious views over the park.

    The Don Juan normally trades in the Dane John Gardens, but as part of our ongoing improvement project in the Dane John, the cafe has been closed while we redevelop it to make it bigger and better.

    We worked with the owners of the Don Juan to look at alternative trading locations during the closure, and the tea hut at Tower House was identified as a good option.

    A new water supply was installed and we agreed terms on a short term lease. We are also supporting them with new signs for the tea hut.

    Looking forward, the Don Juan Cafe has been given first refusal on the new cafe in the Dane John Gardens, subject to agreeing new lease terms.

    This discussion will happen in due course, once the final designs for the cafe have been agreed.

    For now, we welcome the Don Juan to the Westgate Gardens and wish them a busy and successful summer!

    Published: 31 July 2025

    MIL OSI United Kingdom –

  • MIL-OSI: Oxford Square Capital Corp. Announces Offering of Notes

    Source: GlobeNewswire (MIL-OSI)

    GREENWICH, Conn., July 31, 2025 (GLOBE NEWSWIRE) — Oxford Square Capital Corp. (NasdaqGS: OXSQ) (NasdaqGS: OXSQG) (NasdaqGS: OXSQZ) (the “Company”) today announced the commencement of a registered public offering of notes (the “Notes”). The public offering price and other terms of the Notes are to be determined by negotiations between the Company and the underwriters. The Company also plans to grant the underwriters a 30-day option to purchase additional Notes on the same terms and conditions to cover over-allotments, if any.

    The Notes are expected to be listed on the NASDAQ Global Select Market and to trade thereon within 30 days of the original issue date.

    The Company expects to use the net proceeds from this offering to repay indebtedness, acquire investments in accordance with its investment objective and strategies and for general corporate purposes.

    Lucid Capital Markets, LLC and Piper Sandler & Co. are acting as joint book-running managers for the offering. Clear Street LLC, InspereX LLC, Janney Montgomery Scott LLC and William Blair & Company, L.L.C. are acting as lead managers for the offering.

    This press release does not constitute an offer to sell or the solicitation of an offer to buy the securities in this offering or any other securities nor will there be any sale of these securities or any other securities referred to in this press release in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of such state or jurisdiction.

    A shelf registration statement relating to these securities is on file with and has been declared effective by the Securities and Exchange Commission. The offering may be made only by means of a prospectus and a related prospectus supplement, copies of which may be obtained, when available, from the following investment banks: Lucid Capital Markets, LLC at 570 Lexington Ave, 40th Floor, New York, NY 10022, at telephone number (646) 362-0256, or via email at: Prospectus@lucidcm.com; and Piper Sandler & Co., 350 North 5th Street, Suite 1300, Minneapolis, MN 55402, Attention: Prospectus Department, or by telephone at (800) 747-3924, or by email at prospectus@psc.com. The preliminary prospectus supplement, dated July 31, 2025, and accompanying prospectus, dated September 26, 2022, each of which has been filed with the Securities and Exchange Commission, contain a description of these matters and other important information about the Company and should be read carefully before investing. Investors are advised to carefully consider the investment objectives, risks and charges and expenses of the Company before investing.

    About Oxford Square Capital Corp.

    Oxford Square Capital Corp. is a publicly-traded business development company principally investing in syndicated bank loans and, to a lesser extent, debt and equity tranches of collateralized loan obligation (“CLO”) vehicles. CLO investments may also include warehouse facilities, which are financing structures intended to aggregate loans that may be used to form the basis of a CLO vehicle.

    Forward Looking Statements

    This press release contains forward-looking statements subject to the inherent uncertainties in predicting future results and conditions. Any statements that are not statements of historical fact (including statements containing the words “believes,” “plans,” “anticipates,” “expects,” “estimates” and similar expressions) should also be considered to be forward-looking statements. These statements are not guarantees of future performance, conditions or results and involve a number of risks and uncertainties. Certain factors could cause actual results and conditions to differ materially from those projected in these forward-looking statements. These factors are identified from time to time in our filings with the Securities and Exchange Commission. We undertake no obligation to update such statements to reflect subsequent events, except as may be required by law.

    Contact:
    Bruce Rubin
    203-983-5280

    The MIL Network –