NewzIntel.com

Category: Americas

  • MIL-OSI Canada: Prime Minister Carney speaks with President of Palestinian Authority Mahmoud Abbas

    Source: Government of Canada – Prime Minister

    Today, the Prime Minister, Mark Carney, spoke with the President of the Palestinian Authority, Mahmoud Abbas.

    The leaders discussed the rapidly deteriorating humanitarian disaster in Gaza. Prime Minister Carney reaffirmed Canada’s commitment to a two-state solution – an independent, viable, and sovereign Palestinian state living side by side with the State of Israel in peace and security.

    Prime Minister Carney shared Canada’s intention to recognize the State of Palestine at the 80th Session of the United Nations General Assembly in September 2025. He indicated that this intention is predicated on the Palestinian Authority’s commitment to much-needed reforms, including the commitments by Palestinian Authority President Abbas to fundamentally reform its governance, to hold general elections in 2026 in which Hamas can play no part, and to demilitarize the Palestinian state. Prime Minister Carney welcomed President Abbas’ commitment to these reforms.

    The Prime Minister informed the President that Canada will increase its efforts to promote peace and stability in the region, and work closely with regional allies toward this goal.

    Associated link

    MIL OSI Canada News –

  • MIL-OSI USA: Presidential Message on the 406th Anniversary of the First Representative Legislative Assembly in America

    US Senate News:

    Source: US Whitehouse
    Four-hundred-and-six years ago, on a sweltering Virginia day, English settlers gathered in a modest wooden church in Jamestown to form the first representative assembly in the New World.  This historic moment gave birth to the oldest continuous lawmaking body in the Western Hemisphere and laid the foundation for the most successful attempt at self-government in all of human history.
    Seeking prosperity and opportunity in a new land, these early Virginians came together not as subjects of a foreign crown, but as an independent people determined to govern their own affairs.  Against nearly insurmountable odds, they enacted laws to glorify God, promote the common good, and answer to the will of the people, addressing matters of taxation, agriculture, and trade with Native tribes.  What began humbly in Jamestown has flourished through the ages into a rich legacy of self-government that continues to define the American spirit.  As John Adams wrote before the signing of the Declaration of Independence, “We all look up to Virginia for examples.”
    From town halls to statehouses to Congress and the presidency, the ideals that animated that first assembly—self-determination, representation, popular accountability, and devotion to the common good—still coarse through our customs and inspire our way of life.
    As we stand on the cusp of our 250th year as an independent Nation, we pause now to honor the enduring principles of liberty and independence that were born in Virginia, the cradle of American democracy.  These principles have guided our country for more than two centuries, and will continue to light our way for generations to come.
    Today, we reaffirm that self-government and hard-fought freedom are our prized inheritance.  America is not ruled by tyrants or distant powers; it is governed by a free, strong, and independent citizenry.  As the legacy of Jamestown lives on through the Virginia House of Delegates and in the heart of every American citizen, we pay tribute to the heroic tenacity, bravery, and vision of the first settlers.  Through their sacrifice, 406 years later, our Nation now stands taller, prouder, mightier, and greater than ever before—united, free, and governed only by the will of our people as one glorious Nation under God.

    MIL OSI USA News –

  • MIL-OSI United Nations: ‘Choose Transformation over Dependency’, With Scaled-Up, Coordinated Investment to Make Food Systems Resilience, Sustainable, Deputy Secretary-General Urges

    Source: United Nations 4

    Following are UN Deputy Secretary-General Amina Mohammed’s keynote remarks, as prepared for delivery, on food systems transformation in complex settings, in Addis Ababa today:

    I am honoured to be here today.  I thank our co-hosts Ethiopia and Italy and the World Food Programme (WFP), United Nations Children’s Fund (UNICEF) and the HDP Nexus Coalition for organizing this important conversation.

    And I thank all of you present today for your commitment to putting an end to hunger and transforming our food systems, making these work even in the most dire and complex circumstances.

    Communities are trapped around the world in relentless cycles of hardship.  Over 37 million children under five will face acute malnutrition this year — almost the entire population of Canada.  Of those, nearly 10 million will suffer severe wasting — the deadliest form of undernutrition.

    In many countries facing the greatest challenges, courage is on display at all moments.  But, we must ensure that the courage is matched with long term solutions that can result in resilience and sustainability.  Short-term interventions dominate, with little connection to longer-term development planning are not the solution we are seeking.  We must choose transformation over dependency.

    We have good examples.  Nations are embedding resilience into national strategies.  Leaders are refusing to accept hunger as inevitable. Instead, they are combining local, indigenous and traditional knowledge with science to accelerate action towards inclusive and resilient food systems while rebuilding their nations.  These Governments are not waiting for permission, they are leading.  But, leadership cannot succeed alone, it must be built on a solid foundation rooted in adequate finance, partnership and inclusion.

    First, finance.  We need finance that multiplies impact, catalytic investments that invest in local capacity, patient capital that waits for transformation, not quick returns.  The World Bank has committed to this approach, we must encourage others to follow.

    Second, we need coordination that serves people, not bureaucracies.  Humanitarian response linked to long-term development.  Climate action connected to food security.  Competing mandates replaced by shared purpose.

    Third, we need to place communities at the centre of our efforts.  Women grow 60 per cent of Africa’s food but own less than 20 per cent of the land.  Young people are at the vanguard of innovative agriculture but cannot access the financing that supports them.  This is especially the case in complex settings where perceived risk is higher and the options fewer.

    Yet, investing in the transformation of food systems is especially critical in complex settings where equitable and sustainable food systems do more than feed people — they drive food security, strengthen resilience, enable stability and promote inclusive economic growth.

    This transformation must be guided by local innovations and proven strategies, rooted in data and the lived realities of crisis-affected communities.

    We have the tools, and we have inspiring examples from countries leading change, many of which we will hear in this room today.  What we need now is accelerated action at scale.

    Food systems hold the key to sustainable development.  Let us use that key to unlock opportunity, stability, and hope for and with those who need it most.  And let us not forget that we need to strengthen our multilateral system to make peace and sustainable development a reality for all communities around the world.

    MIL OSI United Nations News –

  • MIL-OSI USA: Sens. Markey and Slotkin, Rep. Strickland Introduce Legislation to Boost Funding for Research on Gun Violence Prevention

    US Senate News:

    Source: United States Senator for Massachusetts Ed Markey

    Bill Text (PDF)

    Washington (July 30, 2025) – Senator Edward J. Markey (D-Mass.), a member of the Gun Violence Prevention Caucus, along with Senator Elissa Slotkin (D-Mich.) and Representative Marilyn Strickland (WA-10), reintroduced the Gun Violence Prevention Research Act, legislation that would dedicate $50 million each year for the next five years for gun violence prevention research at the Centers for Disease Control and Prevention (CDC).

    This legislation arrives at a critical time. After a decades-long prohibition on the CDC’s ability to conduct gun violence prevention research, Congress began to secure $25 million annually for this research in Fiscal Year 2020. However, the Trump administration has effectively dismantled gun violence prevention efforts, decimating the staff at the CDC responsible for this critical research and terminating $158 million—more than half—of federal funding for gun violence prevention programs at the Department of Justice. The Gun Violence Prevention Research Act would help ensure we have the tools to stem the scourge of gun violence in our communities.

    “Stopping the spread of our nation’s gun violence epidemic requires action on the reforms we know are essential and effective,” said Senator Markey. “We must invest more to study the root causes of violence and develop evidence-based solutions. This legislation would allow our nation’s top medical, scientific, and public health researchers to conduct studies that would save lives. It is critical that we chart a path out of this public health crisis.”

    “Gun violence is a uniquely American crisis that continues to impact communities across Michigan and our country,” said Senator Slotkin. “As the first Member of Congress to have two mass shootings in my former House district—Oxford High School and Michigan State University—I’ve seen first-hand the devasting toll gun violence has on our communities. As elected officials, our most basic responsibility is to protect our children from the things that are truly harming them. We must treat this epidemic like the national security threat that it is. And that means using every tool in the toolbox. Let’s get this bill across the finish line.”

    “Make no mistake: gun violence is preventable. Republicans actively choose to watch children, mothers, fathers, and Americans gunned down in deference to the gun lobby,” said Representative Strickland. “We must root out the gun violence crisis in our nation. This legislation will simply treat gun violence as the public health crisis it is, and allow us to research it so we can take steps toward saving lives.”

    Cosponsors of the Gun Violence Prevention Research Act include Senators Ruben Gallego (D-Ariz.), Angus King (I-Maine), Chuck Schumer (D-N.Y.), Adam Schiff (D-Calif.), Martin Heinrich (D-N.M.), Alex Padilla (D-Calif.), John Fetterman (D-Penn.), Maria Cantwell (D-Wash.), Richard Blumenthal (D-Conn.), Jack Reed (D-R.I.), Chris Murphy (D-Conn.), Tina Smith (D-Minn.), Tim Kaine (D-Va.), Chris Coons (D-Del.), Elizabeth Warren (D-Mass.), Amy Klobuchar (D-Minn.), Lisa Blunt Rochester (D-Del.), Mark Warner (D-Va.), Tammy Baldwin (D-Wisc.), Brian Schatz (D-Hawaii), Angela Alsobrooks (D-Md.), Peter Welch (D-Vt.), Cory Booker (D-N.J.), Chris Van Hollen (D-Md.), Kirsten Gillibrand (D-N.Y.), Richard Durbin (D-Ill.), Mazie Hirono (D-Hawaii), Bernie Sanders (I-Vt.), Jeff Merkley (D-Ore.), Ron Wyden (D-Ore.), and Tammy Duckworth (D-Ill.).

    The Gun Violence Prevention Research Act is endorsed by Brady, Everytown, March For Our Lives, and Giffords.

    In June 2025, Senator Markey reintroduced five gun violence prevention bills, including the 3D Printed Gun Safety Act, Keeping Gun Dealers Honest Act, Gun Violence Prevention Through Financial Intelligence Act, Making America Safe and Secure (MASS) Act, and Protecting Kids from Gun Marketing Act. This package of bills would significantly decrease the pervasive threat of gun violence across the United States by putting an end to the three-dimensional (3D) printing and distribution of “ghost guns,” strengthen accountability measures for irresponsible gun dealers, help banks detect and report suspicious activity related to mass shootings, establish rules that prohibit the marketing of firearms to children, and strengthen state-by-state gun-licensing regulations through federal incentives.

    In April 2025, Senator Markey and Representative Dwight Evans (PA-03) introduced the Resources for Victims of Gun Violence Act, legislation that would help all victims of gun violence—from survivors to their loved ones, coworkers, and classmates—identify and access resources to help meet medical, legal, financial, and other needs.

    Senator Markey first introduced the Gun Violence Prevention Research Act in 2023.

    MIL OSI USA News –

  • MIL-OSI Canada: Investing in Accessible On-Demand Transit Across Grey and Bruce Counties

    Source: Government of Canada News (2)

    Grey and Bruce Counties, Ontario, July 30, 2025 — Residents will benefit from improved accessible transportation services and transit system efficiency after a combined investment of more than $1.4 million from the federal government, Saugeen Mobility and Regional Transit (S.M.A.R.T.) a not-for profit organization which provides day-to-day transportation to the residents of Bruce and Grey counties for residents who have a disability.

    S.M.A.R.T. will receive an investment to purchase four accessible vans, eight accessible cars, and booking software to improve their on-demand transit service. S.M.A.R.T. will also receive funding in partnership with Home and Community Support Services of Grey and Bruce to complete a feasibility study to explore more efficient transit software systems, which will support better service delivery of their services.

    MIL OSI Canada News –

  • MIL-OSI USA: Cornyn Secures Provisions to Reestablish NADBank Water Infrastructure Fund in Appropriations Bill

    US Senate News:

    Source: United States Senator for Texas John Cornyn

    WASHINGTON – U.S. Senator John Cornyn (R-TX) today celebrated the inclusion of his provisions on the 1944 Water Treaty in the Senate Interior, Environment, and Related Agencies Appropriations Bill for Fiscal Year 2026 to reestablish the North American Development Bank (NADBank)’s Water Infrastructure Fund and require a report on improving water storage and systems:

    “The South Texas agriculture community has suffered due to Mexico’s refusal to comply with the Water Treaty, and they deserve relief and solutions,” said Sen. Cornyn. “My provisions to reestablish NADBank’s Water Infrastructure Fund and require a water systems report are an important step in the right direction to make Texas whole, and I’m grateful to the committee for including this critical language in the appropriations bill.”

    Background:

    Sen. Cornyn has led the charge in Congress to boost Texas’ water supply and ensure Mexico fulfills its treaty obligations to provide annual deliveries of water to South Texas farmers and ranchers. In addition to successfully securing more than $280 million in emergency assistance for Rio Grande Valley farmers and producers affected by the water shortage, he led a request earlier this year to U.S. Secretary of State Marco Rubio asking for renewed efforts to push Mexico to comply with the 1944 Water Treaty while also securing Secretary Rubio’s commitment to hold Mexico accountable for delays.

    Last year, Sen. Cornyn sent a letter to NADBank urging for the restoration of their Water Infrastructure Fund, raised alarms after a Rio Grande sugarcane mill closed due to acute water shortages, cosponsored a resolution supporting diplomacy, and sent a letter to then-U.S. Secretary of State Blinken urging the Department to engage on Mexico’s violation of the intent of the treaty. Senator Cornyn also led a letter to the Chairmen and Ranking Members of the House and Senate Appropriations Subcommittees on State and Foreign Operations urging them to withhold designated funds from Mexico until they enter into an agreement with the U.S. to balance the deficit of the water deliveries, which the House Appropriations Committee included in their funding bill.

    Under the Treaty Relating to the Utilization of Waters of the Colorado and Tijuana Rivers and of the Rio Grande, Mexico is obligated to deliver an average of 350,000 acre-feet of water annually over a five-year cycle as its contribution to the Rio Grande’s water supply. However, Mexico has consistently delayed fulfilling its water obligation until the end of the five-year cycle, which hinders South Texas farmers’ ability to plan for and grow crops as well as ranchers’ ability to provide water to livestock. The current cycle ends in October and so far, Mexico has paid less than 700,000 acre-feet of water — less than half of what it owes, according to IBWC data.

    MIL OSI USA News –

  • MIL-OSI Canada: CRTC takes action to help improve access to local news in Yellowknife

    Source: Government of Canada News (2)

    July 30, 2025—Gatineau—Canadian Radio-television and Telecommunications Commission (CRTC)

    Today, the CRTC approves an application by 506992 N.W.T. Ltd. (Cabin Radio) to operate an English-language commercial FM radio station in Yellowknife, Northwest Territories.

    This decision will help Yellowknife residents have better access to local news and community-focused programming, including Indigenous voices while reflecting the realities and priorities of people in the North in our broadcasting system.

    In February 2025, the CRTC held a two-day public hearing to consider applications to operate a new commercial FM radio station serving the Yellowknife market.

    Cabin Radio’s proposal received strong local support, met the CRTC’s requirements for commercial radio, and was found to better enhance competition and the diversity of voices in the Yellowknife radio market. It also included commitments to diversity, emerging artists, and French-language programming. To maintain market stability, the CRTC approved only one new station and denied Vista’s application, noting concerns about the financial impact of adding two FM stations — an issue raised by both applicants. 

    Cabin Radio’s arrival on the FM band will bring a new voice to Yellowknife’s radio landscape and increase programming diversity.

    Quick facts

    • The CRTC is an independent quasi-judicial tribunal that regulates the Canadian communications sector in the public interest. The CRTC holds public consultations on telecommunications and broadcasting matters and makes decisions based on the public record.
    • Cabin Radio has committed to a comprehensive reflection of the community it serves by fostering local engagement, creating space for Indigenous voices, and delivering high-quality, timely, and relevant news to the Yellowknife community.

    Associated links

    MIL OSI Canada News –

  • MIL-OSI Canada: World Day Against Trafficking in Persons: Joint statement

    “Human trafficking is a horrific crime that robs individuals of their freedom and dignity, and victims are often left with deep emotional and psychological trauma. Alberta’s government is committed to fighting all forms of human trafficking, whether they involve sexual exploitation, forced labour or other forms of coercion and abuse. We recently invested $5.5 million through the Combatting Trafficking in Persons grant to support organizations that assist survivors and raise awareness across Alberta. We are also working closely with the Alberta Centre to End Trafficking in Persons to strengthen our province’s capacity to prevent, identify and respond to human trafficking. We will continue to forge strong partnerships across governments, law enforcement and community organizations to disrupt criminal activity and protect those at risk.”

    Mike Ellis, Minister of Public Safety and Emergency Services

    “Coercion, violence and exploitation have no place in Alberta. Our government is committed to eliminating all forms of gender-based violence, including human trafficking, through Building on Our Strengths: Alberta’s 10-Year Strategy to End Gender-Based Violence. Our actions focus on education, prevention and supporting front-line organizations across the province to put an end to gender-based violence in Alberta.”

    Tanya Fir, Minister of Arts, Culture and Status of Women

    “Many Albertans may not realize that human trafficking is happening right here in our province. It could be a neighbour, co-worker, classmate, or even a family member who is being victimized. That’s why Alberta’s government continues to invest in critical supports like women’s shelters, sexual assault centres, and child and youth advocacy centres so survivors of sexual violence and exploitation can access the help they need. By working together to learn how to recognize, report and prevent human trafficking, we can empower survivors and build safer communities for everyone.”

    Searle Turton, Minister of Children and Family Services

    “Human trafficking is happening in our cities, towns and communities, often in plain sight. On
    this World Day Against Trafficking in Persons, we are reminded that behind every statistic is a
    person: someone’s child, friend or loved one, exploited through force, fraud or coercion.
    At the Alberta Centre to End Trafficking in Persons, we’re working across sectors to disrupt
    trafficking networks, support survivors with dignity and care, and prevent future exploitation.
    This year’s global campaign highlights the critical role of law enforcement and the justice system in dismantling trafficking while supporting survivors.”

    Paul Brandt, co-chair, Alberta Centre to End Trafficking in Persons

    MIL OSI Canada News –

  • MIL-OSI USA: Harmonic Radar on Tiny Travelers Means Smarter Crop Protection

    Source: US Agriculture Research Service

    Harmonic Radar on Tiny Travelers Means Smarter Crop Protection

    By: Todd Silver
    Email: Todd.Silver@usda.gov

    With their insatiable hunger for succulent fruits and vegetables, fruit flies from the Tephritidae family are the bane of farmers and consumers alike. But recent ARS findings suggest that wind could play a major factor in surveillance, containment, and eradication of this destructive pest. Advanced technology in tracking the effects of wind dispersal on tiny, winged creatures in the wild promises to refine fruit fly management strategies, identify outbreak sources, and help scientists anticipate their movement, feeding, and mating patterns.

    Several fruit flies from the Tephritidae fruit fly family are invasive to the U.S. and combine to cause millions, and during some seasons billions, in crop losses to American farmers. Beyond direct damage and control costs, if these pests were to become established on the U.S. mainland, they would become major barriers to international trade and prevent U.S. farmers from exporting to many of our trading partners. 

    Tephritid fruit fly with harmonic radar tag attached, marked with yellow fingernail polish.

    The key to managing these pests is to understand their flying behaviors. Matthew Siderhurst recognized and addressed the complexity of tracing flies and deciphering wind-based patterns and now leads a team of scientists at the Daniel K. Inouye U.S. Pacific Basin Agricultural Research Center in Hilo, HI, where their research will empower American farmers to protect their crops and reduce food waste. Groundbreaking research published in Environmental Entomology explains that harmonic radar tagging, initially developed for locating avalanche victims, can be used to study these fly pests. The method uses reflector tags that require no energy source of their own to bounce a signal back to a transceiver to map movement data.  

    Though attaching harmonic radar tags to the fruit flies requires painstaking precision, the mechanism is relatively simplistic: a superelastic 4-centimeter wire is connected to a diode, or one-way current semi-conductor, with an ultraviolet-activated adhesive. Next, electrical connections between the wires and diode contacts are secured with conductive silver paint. Check out the radar tags in this video. 

    Siderhurst said the study’s identification of outbreak patterns could predict environmental fluctuations influencing fruit fly behavior and enable farmers to adapt pest control methods. Contrary to historic consensus, this ARS-led research documented that fruit flies control their flight paths in response to wind cues as opposed to passive wind-driven movement. 

    “Most of us have seen a housefly buzz around a room and that movement appears random, but when we look at fruit flies, we see they show a fairly high degree of directional persistence,” Siderhurst said. “That is, they move in much straighter lines than expected, and individual flies appear to hold to a general heading when moving between trees.” 

    Tephritid fruit flies are about the size of a housefly and damage a wide variety of fruits and vegetables.

    Further field testing with wild flies is warranted because the wind influenced the flies’ flight directionality, especially in movements between trees using lab-reared flies to avoid underestimating the flies’ natural movement abilities and overstate wind’s role in their flight. 

    Siderhurst acknowledged that most of the research thus far has proven the technique’s effectiveness, but work remains to answer further biological questions with the new tool. Further research, he said, will ideally reveal how habitat, vegetation density, and factors such as age, diet, and time of day affect insect flight patterns, with consideration of environmental influences like wind and open landscapes. 

    “Our approach is accessible and cost-effective,” Siderhurst said. “While you need good eyes and a steady hand, this technique is cost-effective and transceivers are available off the shelf, so there’s no need to build anything.” 

    For more information, visit the Daniel K. Inouye U.S. Pacific Basin Agricultural Research Center.

     ### 

    The Agricultural Research Service is the U.S. Department of Agriculture’s chief scientific in-house research agency. Daily, ARS focuses on solutions to agricultural problems affecting America. Each dollar invested in U.S. agricultural research results in $20 of economic impact. USDA is an equal opportunity provider, employer, and lender.

    MIL OSI USA News –

  • MIL-OSI USA: CFTC Staff Issues No-Action Letter on SEF Order Book

    Source: US Commodity Futures Trading Commission

    CFTC Staff Issues No-Action Letter on SEF Order Book | CFTC

    /PressRoom/PressReleases/9101-25
    Skip to main content

    July 30, 2025

    WASHINGTON, D.C. — The Commodity Futures Trading Commission’s Division of Market Oversight today issued a no-action letter stating that it will not recommend the Commission commence an enforcement action against a swap execution facility (SEF) that does not provide a central limit order book as set forth in CFTC Regulation 37.3(a)(2), in connection with swap transactions executed on the SEF that are not subject to the trade execution requirement in Commodity Exchange Act section 2(h)(8).

    -CFTC-

    MIL OSI USA News –

  • MIL-OSI USA: Making it work: Airman brings maintenance grit to medical mission in Suriname

    Source: United States Air Force

    Headline: Making it work: Airman brings maintenance grit to medical mission in Suriname

    Senior Airman Adrese Atkins, a medical administration technician assigned to the 931st Aerospace Medical Squadron, spent most of his days not in scrubs but surrounded by boxes of loose wires, aging equipment, scattered tools and instruction manuals, as he supported a critical component of AMISTAD 2025 few people ever saw.

    MIL OSI USA News –

  • MIL-OSI USA: Welch Cosponsors Sanders’ Resolutions to Block Certain Offensive Weapons Sales to Israel 

    US Senate News:

    Source: United States Senator Peter Welch (D-Vermont)

    WASHINGTON, D.C. – U.S. Senator Peter Welch (D-Vt.) has cosponsored U.S. Senator Bernie Sanders’ (I-Vt.) Joint Resolutions of Disapproval (JRD) to block the sales of certain offensive weapons to Israel. The JRDs would prohibit the U.S.-financed sale of $675 million for bombs and guidance kits, plus 20,000 fully automatic assault rifles to Israel. The Senate is expected to vote on the JRDs tonight.  
    “The Israeli-inflicted starvation of Palestinians in Gaza must end. This bombing campaign, which has killed and wounded tens of thousands of people and destroyed Gaza, must end. We cannot continue to be complicit. History will judge us for not standing up against this humanitarian catastrophe and these war crimes,” said Senator Welch. “The United States needs to say: Enough.” 
    Yesterday, Senator Welch spoke on the Senate floor about the ongoing humanitarian catastrophe in Gaza, and the need for the United States Senate to take immediate action. He condemned Hamas, pushed for a ceasefire, and demanded the release of the remaining hostages. Senator Welch also rejected the Netanyahu government’s illegal use of starvation as a weapon of war.  
    “We all condemn Hamas. We all want the release of the remaining hostages. But we have to ask ourselves the question: is it at all justifiable that there is a policy that has to be recognized that starvation is being used as a tool of warfare? I reject the legitimacy of that act. It’s a war crime, Mr. President. It’s a war crime to starve a population to get what you want from your enemy, as righteous as your defense against an enemy may be,” Senator Welch said in his remarks… “We cannot separate the current starvation in Gaza from the Netanyahu government’s strategy of forcibly displacing Palestinians from their land.” 
    Watch his remarks here: 

    The text of the JRDs can be found below:    

    S.J.Res.34 – To prohibit the U.S.-taxpayer financed $675.7 million sale of 201 MK 83 1,000-pound bombs; 4,799 BLU-110A/B General Purpose 1,000-pound bombs; 1,500 Joint Direct Attack Munition (JDAM) guidance kits for MK 83 bombs; 3,500 JDAM guidance kits for MK 83 bombs; and related logistics and technical support services. 

    S.J.Res.41 – To prohibit the sale of tens of thousands of fully automatic assault rifles. 

    MIL OSI USA News –

  • MIL-OSI USA: Welch Cosponsors Sanders’ Resolutions to Block Certain Offensive Weapons Sales to Israel 

    US Senate News:

    Source: United States Senator Peter Welch (D-Vermont)

    WASHINGTON, D.C. – U.S. Senator Peter Welch (D-Vt.) has cosponsored U.S. Senator Bernie Sanders’ (I-Vt.) Joint Resolutions of Disapproval (JRD) to block the sales of certain offensive weapons to Israel. The JRDs would prohibit the U.S.-financed sale of $675 million for bombs and guidance kits, plus 20,000 fully automatic assault rifles to Israel. The Senate is expected to vote on the JRDs tonight.  
    “The Israeli-inflicted starvation of Palestinians in Gaza must end. This bombing campaign, which has killed and wounded tens of thousands of people and destroyed Gaza, must end. We cannot continue to be complicit. History will judge us for not standing up against this humanitarian catastrophe and these war crimes,” said Senator Welch. “The United States needs to say: Enough.” 
    Yesterday, Senator Welch spoke on the Senate floor about the ongoing humanitarian catastrophe in Gaza, and the need for the United States Senate to take immediate action. He condemned Hamas, pushed for a ceasefire, and demanded the release of the remaining hostages. Senator Welch also rejected the Netanyahu government’s illegal use of starvation as a weapon of war.  
    “We all condemn Hamas. We all want the release of the remaining hostages. But we have to ask ourselves the question: is it at all justifiable that there is a policy that has to be recognized that starvation is being used as a tool of warfare? I reject the legitimacy of that act. It’s a war crime, Mr. President. It’s a war crime to starve a population to get what you want from your enemy, as righteous as your defense against an enemy may be,” Senator Welch said in his remarks… “We cannot separate the current starvation in Gaza from the Netanyahu government’s strategy of forcibly displacing Palestinians from their land.” 
    Watch his remarks here: 

    The text of the JRDs can be found below:    

    S.J.Res.34 – To prohibit the U.S.-taxpayer financed $675.7 million sale of 201 MK 83 1,000-pound bombs; 4,799 BLU-110A/B General Purpose 1,000-pound bombs; 1,500 Joint Direct Attack Munition (JDAM) guidance kits for MK 83 bombs; 3,500 JDAM guidance kits for MK 83 bombs; and related logistics and technical support services. 

    S.J.Res.41 – To prohibit the sale of tens of thousands of fully automatic assault rifles. 

    MIL OSI USA News –

  • MIL-OSI Europe: Ireland joins the Equal Pay International Coalition (EPIC)

    Source: Government of Ireland – Department of Jobs Enterprise and Innovation

    30th July 2025

    Minister of State for Small Business, Retail and Employment Alan Dillon has today announced Ireland’s accession to the Equal Pay International Coalition; a multilateral partnership working to reduce the gender pay gap at global, regional and national levels.

    Minister Dillon made the announcement on the margins of the G20 Labour and Employment Ministerial Meeting, taking place on 30-31 July in George, South Africa.

    Minister Dillon said: 

    “I am proud to announce that Ireland has officially become a member of the Equal Pay International Coalition. This marks a significant step forward in our commitment, as a nation, in ensuring that all individuals, regardless of gender, receive equal pay for work of equal value. Aligned with the vision of the United Nations Agenda for Sustainable Development, the Coalition works to accelerate progress toward this goal, recognising that sustained and collective efforts are needed to close the gender pay gap.” 

    EPIC is a global initiative that brings together governments, employer and worker organisations, academia, civil society and private sector entities to tackle the gender pay gap through coordinated action. It operates at global, regional and national levels, making it the only coalition of its kind to focus on equal pay.  

    Gilbert Houngbo, International Labour Organization (ILO) Director General, said:

    “On behalf of the ILO, I warmly welcome Ireland to the Equal Pay International Coalition. As a co-lead of EPIC, together with UN Women and the OECD, we are pleased to witness the growing momentum behind this global effort to redress pay inequalities. Ireland’s strong legal framework and commitment to social dialogue further strengthen the Coalition. We look forward to Ireland’s active engagement as we work together to advance equal pay for work of equal value everywhere.” 

    Maíra Lacerda, Head of the Special Advisory Office for International Affairs at the Ministry of Labor and Employment of Brazil and Chair of EPIC said: 

    “As the Chair of EPIC, I warmly welcome Ireland to the Coalition. Every new member brings valuable expertise and fresh momentum to our shared mission. Ireland’s longstanding commitment to pay equity and social dialogue strengthens our collective efforts to tackle persistent pay inequalities and promote fairer, more inclusive labour markets. Together, we grow stronger and closer to the goal of equal pay for work of equal value.”

    Minister Dillon went on to say: 

    “As an EPIC member, Ireland will benefit from membership including through access to a wealth of global resources. We will also have the opportunity to exchange best practices with international counterparts and tap into a dynamic network of policy and equality experts. Joining EPIC is a joint initiative between the Department of Enterprise, Tourism and Employment and the Department of Children, Disability and Equality, which leads on gender equality and gender pay gap policy.  This combined approach is designed to maximise the impact of Ireland’s membership of EPIC.” 

    ENDS

    Notes for Editors

    • The Equal Pay International Coalition (EPIC) is led by the International Labour Organization (ILO), UN Women, and the Organisation for Economic Co-operation and Development (OECD). 
    • It is currently the only multi-stakeholder partnership working to reduce the gender pay gap at global, regional and national levels.
    • The Coalition’s goal is to achieve equal pay for women and men everywhere. EPIC supports governments, employers, workers, and their organisations to make concrete and coordinated progress towards this goal. 
    • The Coalition comprises 67 members, including government entities from 28 countries, international and national employer and worker organisations, international organisations, academia, civil society organisations, as well as the private sector. 
    • The Irish Congress of Trade Unions is a member of the Coalition. 

    Back to Department News

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    MIL OSI Europe News –

  • MIL-OSI United Nations: Governments, Partners Mobilizing School Meals Coalition to Equip Youth with Nutrition, Health, Education They Deserve, Deputy Secretary-General Says at Stocktake Event

    Source: United Nations MIL OSI

    Following are UN Deputy Secretary-General Amina Mohammed’s remarks, as prepared for delivery, at the UN Food Systems Summit+4 Stocktake (UNFSS+4) School Meals Coalition Featured Event:  “Unlocking Sustainable Investments for Home-Grown School Meals”, in Addis Ababa today:

    It is truly inspiring to witness how far the School Meals Coalition has come.  With over 100 Governments working together to expand and improve these strategic programmes, it is now one of the most successful global mobilizations in recent years.

    First, I want to recognize the leadership that has brought us here, especially of the three co-chairs — Brazil, France and Finland — whose early and continued support has been instrumental to the Coalition’s success.

    I also want to commend all Governments in the Coalition that are working resolutely to expand and strengthen their school meal programmes and that have achieved clear and measurable progress since the last Stocktake.

    Today’s speakers are excellent examples.  The progress we witness is being driven by Governments, but they are not walking alone.  Partners across the School Meals Coalition are working hand in hand with Governments to deliver on their national commitments.

    But, why is there so much momentum behind school meals?  Why are so many Governments and partners making this a priority?  Because school meals are more than just a plate of food.  They are a lever to building more inclusive, sustainable food systems, and to equipping the next generation with the health, nutrition and education they deserve to reach their potential.

    To truly pull that lever — to unlock its full power — we must focus on four key priorities.

    First:  Expand coverage and raise collective ambitions.  As we’ve just heard from our distinguished speakers, momentum is building.  Next to our Governments on stage, countries like Rwanda, which has achieved near-universal primary school coverage, and Indonesia, which is scaling up at an unprecedented pace, are showing what’s possible.

    Now, the Global Alliance Against Hunger and Poverty has joined forces with the School Meals Coalition to rally Governments and development partners behind a bold global target:  to reach an additional 150 million children in low- and middle-income countries by 2030, as agreed at the Group of 20 (G20) last year.  This means moving from commitment to delivery with the School Meals Coalition and the Global Alliance working with countries ready to lead the way.

    Second:  Pull the lever — use procurement to transform food systems.  Countries continue to harness the potential of school meal programmes to catalyse food systems transformation, including ambitious targets regarding procurement from smallholder farmers, but we must go further by aligning school-meal menus and procurement with nutrition, sustainability and social goals; by using clean cooking solutions in schools; by reducing food loss and waste; and through food, nutrition and climate education in schools.

    Third:  Integrate school meals into climate finance.  When rooted in sustainability, school meals have enormous potential to advance climate mitigation and adaptationm and to promote biodiversity.  The thirtieth session of the Conference of the Parties to the United Nations Framework Convention on Climate Change (COP30) in Brazil offers us a chance to move school meals from a climate blind spot to a climate solution. Let’s work to ensure these programmes are included in future Nationally Determined Contributions and embedded in climate financing pipelines where they belong.

    Fourth:  Plug the financing gap.  The Sevilla Commitment, adopted a few weeks ago, calls on all of us to close the gap between ambition and means.  But, with 35 low- and middle-income countries in high risk of or in debt distress, we must explore innovative financing solutions to ensure an economically stable future for those countries– from health taxes and natural resource revenues to debt swaps and Multilateral Development Bank investments.

    We have much to learn from the innovation that has taken place in countries for the last two years since we last met in Rome as reported in the UNFSS+4 Report of the Secretary-General.  Let’s make sure we use the momentum of the Sevilla Commitment to attract the finance that is needed.

    Let me close with a powerful motto from a dear friend and leading advocate, Ndidi Nwuneli of the ONE Campaign.  “Our job is not to scale our work.  It’s to scale what works.”  This is what we see across the School Meals Coalition:  Governments and partners coming together to expand a solution that works.

    So, let’s build on the progress we’ve made — and finish what we started in 2021:  by 2030, every child receiving a healthy, nutritious meal in school.  Let’s feed the future together.

    MIL OSI United Nations News –

  • MIL-OSI: Questerre announces definitive agreement to acquire 100% of PX Energy

    Source: GlobeNewswire (MIL-OSI)

    THIS NEWS RELEASE IS NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES OF AMERICA TO UNITED STATES NEWSWIRE SERVICES OR UNITED STATES PERSONS

    CALGARY, Alberta, July 29, 2025 (GLOBE NEWSWIRE) — Questerre Energy Corporation (“Questerre” or the “Company”) (TSX,OSE:QEC) is pleased to announce that it has entered into a definitive agreement (the “Definitive Agreement”) to acquire 100% of Parana Xisto SA (“PX Energy”), a privately held shale oil production and refining company based in southern Brazil by way of acquisition of the shares of its indirect parent companies, Forbes & Manhattan Resources Inc. (“F&M Resources”) and Forbes Participaҫões Ltda (the “Acquisition”).

    “This acquisition is a rare opportunity for us to gain the expertise and capacity to advance our multi-billion barrel oil shale resource in Jordan(1). I’m very pleased we were able to structure it to ensure the Quebec Assets are not affected by this deal.” said Michael Binnion, President and Chief Executive Officer of Questerre. “PX Energy has operated for over thirty years using technology developed by Petrobras. We believe the PX Energy platform will also provide us with the operational base, deep expertise, and capital foundation needed to advance the Red Leaf oil shale and biofuel technology to the next stage. We are in active discussions with potential co-investors for up to 50% of this acquisition.”

    Transaction Highlights

    Assets acquired: PX Energy currently produces approximately 4,500 boe per day, with a targeted increase to 6,000 boe per day by August 31, 2026, supported by growth capital projects currently underway.

    Purchase consideration: 65 million common shares of Questerre, structured as follows:

    • 15 million common shares issued upon closing, which will be subject to a voting and lock-up agreement;
       
    • 50 million common shares, released in two tranches based on the achievement of key performance milestones:
      • With respect to the first tranche of 25 million common shares, US$30 million Free Cash Flow achieved no later than September 30, 2027, with respect to the second tranche of 25 million common shares, US$40 million Free Cash Flow achieved no later than September 30, 2028; or
      • Equity financings completed at or above C$0.50 per share with respect to the first tranche for aggregate proceeds of at least C$25 million completed no later than September 30, 2027 and with respect to the second tranche, an equity financing at or above C$1.00 per share for aggregate proceeds of at least C$25 million no later than September 30, 2028.

    Quebec asset spin-out: It is anticipated that Questerre’s Quebec-based assets (the “Quebec Assets”) will be transferred into a separate sidecar subsidiary company (the “Quebec Spin-out”). Questerre anticipates either distributing preferred shares of Questerre or of the new entity to its existing shareholders ahead of the closing of the acquisition of PX Energy in order not to dilute its existing shareholders’ position in the Quebec Assets.

    Closing conditions: Completion of the Acquisition is subject to a number of conditions, including satisfactory due diligence review, board approval, standard regulatory approvals (including acceptance from the Toronto Stock Exchange and Oslo Stock Exchange (collectively, the “Exchanges”)) and third-party approvals including satisfactory waivers by the bond holders and convertible noteholders in favor of Questerre. Where applicable, the proposed Acquisition cannot close until the required shareholder approval is obtained. There can be no assurance that the Acquisition will be completed as proposed or at all.

    The Company has retained Clarksons Securities AS, a Norwegian based investment banking firm as financial advisor to advise on the existing outstanding debt of PX Energy including US$80 million in senior secured bonds in Forbes Resources Brazil Holding SA (the parent company of PX Energy). The Company is anticipating that a stronger sponsor will be well received by the debt holders and the holders of US$8 million in convertible promissory notes in F&M Resources. Financial information on Forbes Resources Brazil Holding SA is available online at: https://investidores.pxenergy.com.br/.

    Strategic Rationale

    PX Energy is a vertically integrated refining and shale oil operation with established ESG performance, favorable cost structures, and a strong growth trajectory. Its operations generate US Dollar-linked revenues with Brazil reais-denominated costs, providing robust margin potential in a dynamic macroeconomic environment.

    The acquisition strengthens Questerre’s oil shale footprint and complements its commitment to advancing environmentally responsible hydrocarbon technologies through its investee Red Leaf Resources Inc.

    About Questerre Energy Corporation

    Questerre Energy Corporation is a Calgary-based energy technology company focused on the responsible development of oil and gas resources across the Americas. Questerre integrates leading-edge technologies with a disciplined capital strategy to unlock long-term value while maintaining strong environmental and social governance standards.

    About PX Energy Inc.

    PX Energy is a Brazilian shale oil and refining company operating since the 1990s. It employs advanced pyrolysis technology, integrates mining and refinery operations, and maintains some of the region’s lowest carbon intensity per barrel. With secured offtake agreements and robust infrastructure, PX Energy is a platform for scalable, sustainable energy production. More information about PX Energy is available online at https://pxenergy.com.br/

    All information contained in this news release with respect to PX Energy was supplied by the F&M Resources, for inclusion herein, without independent review by Questerre, and Questerre and its directors and officers have relied on F&M Resources for any information concerning the PX Energy.

    For further information, please contact:

    Questerre Energy Corporation
    Jason D’Silva, Chief Financial Officer
    (403) 777-1185 | (403) 777-1578 (FAX) 

    Advisory Regarding Forward-Looking Statements

    This news release contains certain statements which constitute forward-looking statements or information (“forward-looking statements”) within the meaning of applicable securities laws in Canada. Any statements about Questerre’s expectations, beliefs, plans, goals, targets, predictions, forecasts, objectives, assumptions, information and statements about possible future events, conditions and results of operations or performance are not historical facts and may be forward-looking. Forward-looking information is often, but not always, made through the use of words or phrases such as “anticipates”, “aims”, “strives”, “seeks”, “believes”, “can”, “could”, “may”, “predicts”, “potential”, “should”, “will”, “estimates”, “plans”, “mileposts”, “projects”, “continuing”, “ongoing”, “expects”, “intends” and similar words or phrases suggesting future outcomes. Forward-looking information in this news release includes, but is not limited to, statements in respect of:

    • anticipated benefits of the Acquisition to the Company and its shareholders, including any operational and economic synergies;
    • the timing and receipt of any required securityholder, third-party (including, satisfactory waivers by the bondholders and convertible noteholders), Exchanges, or regulatory approvals;
    • the ability of the Company and PX Energy to satisfy the conditions to, and to negotiate and execute a Definitive Agreement and to complete, the Acquisition;
    • the anticipated timing for executing a Definitive Agreement;
    • the form of the Quebec Spin-out, and any changes to the anticipated structure thereof;
    • the closing of the Acquisition and the Quebec Spin-out, including the timing thereof, if it is to close at all;
    • the application of the HCCO technology to, and the overall integration of, the PX Energy Platform being acquired, and any operational synergies or economic benefits that may result;
    • PX Energy’s predicted production rates, and its production at similar rates upon completion of the Acquisition; and
    • the achievement of the performance milestones attached to the consideration payable, and the timing thereof, if at all.

    The forward-looking information that may be in this news release is based on current expectations, estimates, projections and assumptions, having regard to the Company’s experience and its perception of historical trend which have been used to develop such statements and information, but which may prove to be incorrect, and includes, but is not limited to, expectations, estimates, projections and assumptions relating to:

    • the timely receipt of approval of the Acquisition by the Exchanges, third parties, and other regulatory bodies;
    • all closing conditions to the Acquisition being satisfied and the closing of the Acquisition occurring as anticipated;
    • all closing conditions to the Quebec Spin-out being satisfied and the closing of the Quebec Spin-out occurring as anticipated;
    • foreign currency exchange rates and interest rates;
    • future crude oil, natural gas liquids, and natural gas prices;
    • management’s expectations relating to the timing and results of its other exploration and development activities;
    • ability of management to execute on key priorities;
    • the effectiveness of various actions resulting from the Company’s strategic priorities;
    • the Company’s ability to integrate the PX Energy platform to advance its oil shale and biofuel technology to the next stage;
    • the Company’s ability to maintain PX Energy predicted rate of production; and
    • the Company’s ability to apply its HCCO technology to the assets being acquired.

    Although Questerre believes that the expectations reflected in these forward-looking statements are reasonable, undue reliance should not be placed on them because Questerre can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Current conditions, economic and otherwise, render assumptions, although reasonable when made, subject to greater uncertainty. Undue reliance should not be placed on forward-looking information as actual results may differ materially from those expressed or implied by forward-looking information.

    Events or circumstances may cause actual results to differ materially from those predicted as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company, including, without limitation, the following risk factors:

    • the Acquisition not being completed on the terms anticipated or at all, including due to a closing condition not being satisfied, including, the inability to obtain receipt of all necessary securityholder, third parties (including satisfactory waivers by the bond holders and convertible noteholders), Exchanges, and regulatory approvals or consents, lack of material changes with respect to the parties and their respective businesses;
    • the Quebec Spin-out not being completed on the terms anticipated or at all;
    • the synergies expected from the Acquisition not being realized;
    • loss of key personnel of PX Energy upon completion of the Acquisition;
    • the implementation of Bill 21 by the Government of Quebec;
    • additional funding requirements;
    • exploration, development and production risks;
    • volatility in the oil and gas industry;
    • prices, markets and marketing of crude oil and natural gas;
    • liquidity and the company’s substantial capital requirements;
    • prices, markets and marketing of crude oil and natural gas;
    • political uncertainty;
    • non-government organizations;
    • changing investor sentiment;
    • global financial market volatility;
    • adverse economic conditions;
    • alternatives to and changing demand for petroleum products;
    • environmental risks;
    • regulatory risks;
    • inability of management to execute its business plan;
    • competition from other issuers;
    • expiration of licenses and leases;
    • Indigenous claims;
    • possible failure to realize anticipated benefits of acquisitions; and
    • reputational risks.

    Additional information regarding some of these risks, expectations or assumptions and other risk factors may be found in the Company’s Annual Information Form for the year ended December 31, 2024, and other documents available on the Company’s profile at www.sedarplus.ca. Readers are cautioned not to place undue reliance on these forward-looking statements. The forward-looking statements contained in this news release are made as of the date hereof and Questerre undertakes no obligations to update publicly or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

    Barrel of oil equivalent (“boe”) amounts may be misleading, particularly if used in isolation. A boe conversion ratio has been calculated using a conversion rate of six thousand cubic feet of natural gas to one barrel of oil and the conversion ratio of one barrel to six thousand cubic feet is based on an energy equivalent conversion method application at the burner tip and does not necessarily represent an economic value equivalent at the wellhead. Given that the value ratio based on the current price of crude oil as compared to natural gas is significantly different from the energy equivalent of 6:1, utilizing a conversion on a 6:1 basis may be misleading as an indication of value.

    This news release is not an offer of securities for sale in the United States. Securities may not be offered or sold in the United States or to or for the account or benefit of US persons (as such terms are defined in Regulation S under the United States Securities Act of 1933, as amended (the “U.S. Securities Act“)), absent registration or an exemption from registration. The securities offered have not been and will not be registered under the U.S. Securities Act or any state securities laws and, therefore, may not be offered for sale in the United States, except in transactions exempt from registration under the U.S. Securities Act and applicable state securities laws. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.

    (1) There is no certainty that it will be commercially viable to produce any portion of the resources. In October 2016, Questerre commissioned an independent assessment of its oil shale resources in Jordan (the “Millcreek Report”). The Millcreek Report was conducted by Millcreek Mining Group, an independent qualified reserves evaluator, as defined by NI 51-101 with an effective date of September 30, 2016. The assessment was prepared in accordance with NI 51-101 and the COGE Handbook. The assessment indicated a best estimate of discovered petroleum initially in place of between 7.8 billion barrels to 12.2 billion barrels. Given the preliminary nature of the Millcreek Report, it does not contain any estimates regarding the timing or cost to obtain commercial development nor has Questerre finalized the specific technology to be used. Please reference the Annual Information Form for the year ended December 31, 2016, and dated March 24, 2017, as filed under the Corporation’s profile on www.sedarplus.ca.

    The MIL Network –

  • MIL-OSI Russia: B. Netanyahu to present Gaza annexation plan in case Hamas refuses deal – media

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    An important disclaimer is at the bottom of this article.

    Source: People’s Republic of China – State Council News

    JERUSALEM, July 29 (Xinhua) — Israeli Prime Minister Benjamin Netanyahu is expected to present a plan to annex part of the Gaza Strip to the country’s security cabinet, the Israeli newspaper Haaretz reported on Monday evening.

    According to her, B. Netanyahu told the ministers that Israel gave Hamas several days to agree on a ceasefire. If it refuses the agreement, Israel will begin to gradually annex parts of the Gaza Strip until the Palestinian movement surrenders, the prime minister added.

    The article notes that B. Netanyahu has chosen this course of action in order to secure the support of the far-right Religious Zionism party, which opposes both the ceasefire and increased humanitarian aid to Gaza. Keeping this party in the coalition is crucial to preventing the collapse of the current government.

    According to media reports, Religious Zionism leader and cabinet member Bezalel Smotrich told his associates that the party is pushing a “good strategic move” and it will soon become clear whether it will be successful.

    Haaretz writes that during his conversations with ministers, B. Netanyahu stated that his plan was approved by the administration of US President Donald Trump.

    Also on Monday, the Prime Minister’s Office said Israel would continue to work with international organizations, as well as the United States and European countries, to ensure that large amounts of humanitarian aid reach the Gaza Strip. “While the situation in Gaza remains difficult and Israel works to ensure that aid reaches the Strip, Hamas is benefiting from attempts to create the impression of a humanitarian crisis,” the office said. -0-

    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 USA: LEADER JEFFRIES STATEMENT ON MASS SHOOTING IN MIDTOWN MANHATTAN

    Source: United States House of Representatives – Congressman Hakeem Jeffries (8th District of New York)

    Know Your Immigration Rights

    If you or a loved one encounter immigration enforcement officials, it is essential that you know your rights and have prepared your household for all possible outcomes.

    Ask for a warrant: The Fourth Amendment of the Constitution protects you from unreasonable search and seizure. You do not have to open your door until you see a valid warrant to enter your home or search your belongings.

    Your right to remain silent: The Fifth Amendment protects your right to remain silent and not incriminate yourself. You are not required to share any personal information such as your place of birth, immigration status or criminal history.

    Always consult an attorney: You have a right to speak with an attorney. You do not have to sign anything or hand officials any documents without speaking to an attorney. Try to identify and consult one in advance.

    The New York City Office of Civil Justice and the Mayor’s Office of Immigrant Affairs (MOIA) support a variety of free immigration legal services through local nonprofit legal organizations. To access these resources, dial 311 and say “Action NYC,” call the MOIA Immigration Legal Support Hotline at 800-354-0365 Monday through Friday from 9:00 a.m. to 6:00 p.m. or visit MOIA’s website.

    Learn more here: KNOW YOUR IMMIGRATION RIGHTS  – Congressman Hakeem Jeffries

    MIL OSI USA News –

  • MIL-OSI New Zealand: Greenpeace: Governments must rise to the moment and vote in favour of a moratorium on deep sea mining

    Source: Greenpeace

    The 30th session of the International Seabed Authority (ISA) has ended with Greenpeace saying governments are continuing to fall short in protecting the deep sea.
    While high-level representatives from Palau, France and Panama attended to rally the international community, Greenpeace is calling for greater efforts from more governments to put a legal barrier between mining machines and the deep ocean.
    Upcoming ISA meetings must secure a moratorium and leave no room for rushed attempts to adopt a Mining Code. Recent developments have made it clear that outstanding political and scientific concerns cannot be hastily resolved under industry-driven pressure.
    Louisa Casson, Campaigner, Greenpeace International who attended the meeting, says: “Governments have yet to rise to the moment. They remain disconnected from global concerns and the pressing need for courageous leadership to protect the deep ocean. We call on the international community to rise up and defend multilateralism against rogue actors like The Metals Company. Leaders must respond by establishing a moratorium and reaffirming that authority over the international seabed lies collectively with all States-for the benefit of humanity as a whole.”
    Juressa Lee, Greenpeace Aotearoa seabed mining campaigner, says: “Deep sea mining is the latest form of colonisation and extraction. Pacific civil society is overwhelmingly opposed to deep sea mining and must not be ignored in the rush by companies and states based in the Global North to start plundering the ocean.”
    While calls for a moratorium on deep sea mining have not yet gained global consensus, they continue to gain momentum, supported by compelling arguments from a diverse group of countries. Croatia has just become the 38th government calling for a precautionary pause, moratorium or ban on deep sea mining.
    On Tuesday His Excellency Surangel S. Whipps Jr., President of the Republic of Palau, addressed the Assembly, drawing attention to persistent efforts and intense pressure from the industry to rush the negotiations and finalise a Mining Code. He stated: “Exploiting the seabed is not a necessity – it is a choice. And it is reckless. It is gambling with the future of Pacific Island children, who will inherit the dire consequences of decisions made far from their shores.”
    In the first meeting of the ISA since The Metals Company (TMC) submitted the world’s first-ever application to commercially mine the international seabed, governments at the ISA Council responded by launching an investigation into whether mining contractors, including TMC’s subsidiaries Nauru Ocean Resources Inc. (NORI) and Tonga Offshore Mining Limited (TOML), are complying with contractual obligations to act in accordance with the international legal framework.

    MIL OSI New Zealand News –

  • MIL-OSI: Amundi: First half and second quarter 2025 results

    Source: GlobeNewswire (MIL-OSI)

    Amundi: First half and second quarter 2025 results

    Record inflows of +€52bn in the first half of the year

    Inflows
    already at
    full year 2024
    level    		   Assets under management1at an all-time high of €2.27tn at end-June 2025, +5% June/June despite the negative forex effect

    Net inflows +€52bn in H1, of which +€20bn in Q2

    • +€48bn in medium-to-long-term assets2(MLT) in H1
    • Record half-year net inflows for Institutionals: +€31bn
         
    Growth in
    profit before tax    		   First half 2025: profit before tax3,4€895m, up +4% H1/H14:

    • Driven by revenue growth (+5%)
    • Cost control, with a cost-income ratio at 52.5%3
         
    Continued success on strategic pillars   Partnership with Victory Capital finalised on 1 April
    Strong H1 inflows in strategic priorities:

    • Third-party distribution +€13bn, of which 40% with digital players
    • Asia +€22bn, of which +€13bn in JVs and +€8bn in direct distribution
    • ETFs +€19bn, with success in European strategies and innovation
    • Responsible investment: wins of key institutional mandates

    Amundi Technology: revenues up +48% H1/H1, strong organic growth and integration of aixigo
    Fund Channel: €613bn in assets under distribution, Ambitions 2025 target achieved

    Paris, 29 July 2025

    Amundi’s Board of Directors met on 28 July 2025 under the chairmanship of Olivier Gavalda, and approved the financial statements for the first half of 2025.

    Valérie Baudson, Chief Executive Officer, said: “With net inflows of +€52bn, Amundi’s performance in the first half of the year was equivalent to the whole of 2024. The depth of our offering and our extensive expertise allow us to respond effectively to our clients’ needs, through our active strategies, passive management, responsible investment, employee savings schemes, technology services and fund distribution solutions.

    Amundi has continued to grow both in terms of activity and results, with first half revenues3up +5% and profit before tax3up +4% year-on-year4.

    Amundi has also leveraged its position as Europe’s leading asset manager, as our clients look for greater diversification in their allocations, with a renewed interest in Europe. With €2.3tn in assets under management, Amundi is the only European player among the top 10 global asset managers, and a preferred gateway for players wishing to invest on the continent. Our comprehensive range of solutions enables investors to finance European companies and economies, and we continue to expand, through ETFs and actively managed funds focused on European sovereignty.»

    * * * * *

    Highlights

    Continued organic growth thanks to continued successes in the strategic pillars

    2025 marks the final year of Ambitions 2025 plan, which set a number of strategic pillars aimed at accelerating the diversification of the Group’s growth drivers and exploiting development opportunities. Several objectives were achieved in 2024 and the first half of 2025 confirms Amundi’s growth momentum.

    • Amundi, the European expert: Amundi is the leading European asset manager, and the only European player among the world’s top 105; this positioning allows the Group to manage ~€1.7tn in assets under management on behalf of European clients, who have entrusted it with an additional +€29bn€ in the first half to manage; Amundi invests, on behalf of its clients, more than half of its assets6 in euro-denominated securities; this European expertise is a key differentiator for Amundi’s comprehensive and innovative platform; the launch of new products, such as ETFs or actively managed funds to invest in the European defence sector, make it possible to nurture this distinctive element strongly quarter after quarter;
    • The Institutional division generated healthy net inflows of +€31bn in the fist half, thanks to several major wins, including the award of a Defined Contribution mandate with The People’s Pension in the UK(+€22bn), successes in Asia (+€5bn, particularly in China), record net inflows in Employee Savings and Retirement and the renewed interest in France in tradition life insurance “euro” contracts; in addition, Amundi secured several innovative mandates, for example with a German pension fund in private debt via the expertise of Amundi Alpha Associates, and a low-carbon mandate for Chile’s sovereign wealth fund thanks to the index and ESG expertise;
    • Third-Party Distribution continued to grow strongly, with assets under management up by more than +18% year-on-year excluding the contribution of US Distribution to Victory Capital (scope effect of -€62bn), thanks to 12-month net inflows of +€33bn, of which +€13bn7 was in the first half of 2025, mainly in MLT assets8, (+€12.1bn); net inflows were driven by ETFs and positive in active management, diversified by geographical areas and positive in almost all countries in terms of MLT assets8, particularly in Asia (+€3bn); the strong commercial momentum with digital platforms is confirmed, with this type of client accounting for around 40% of net inflows for the first half; it should be noted that a workshop dedicated to Third-Party Distribution was held on 19 June, in London to highlight the growth potential of this strategic focus of the MTP;
    • Asia: assets under management were up +2% year-on-year despite the decline in the US dollar and the Indian rupee, to reach €460bn; half-year net inflows reached +€22bn, of which +€14bn was in the second quarter; half-year net inflows were split +€14bn from JVs (including Amundi BOC WM) and +€8bn from direct distribution; it is also diversified by countries: India (+€7bn), China (+€5bn) with the two JVs, institutional clients and now the QDLP9 license in Third-Party Distribution10, Korea (+€5bn) thanks to the JV, Hong Kong (+€3bn) and Singapore (+€1bn) thanks to institutional investors and third-party distributors;
    • ETFs gathered +€19bn this half-year, placing Amundi in second place in the European ETF market in terms of net inflows as well as assets under management, which reached €288bn; this high level of activity was achieved thanks to the diversification of the business line by client types, geographies and asset classes covered: Asia and Latin America contributed +€4bn in net inflows over the half-year; the net inflows also reflect the success of the business line’s flagship products: the Stoxx Europe 600 ETF collected nearly +€3bn in the first half and assets now exceed €12bn; European strategies continued to benefit from investors’ renewed interest in the European markets, with +€4bn attracted in the second quarter alone; innovative products were launched, such as the low-duration euro zone sovereign green bonds ETF, capitalising on the success of the long-duration version, which reached €3bn in assets under management, and the launch in May of the European Defence ETF, in partnership with STOXX, on a platform and with partners only in Europe;
    • Amundi Technology continues to grow, with revenues up +48% H1/H1, thanks to strong organic growth amplified by the integration of aixigo; Amundi Technology has won new clients during this period, including AJ Bell in the UK.
    • Fund Channel, the fund distribution platform, has exceeded its target Ambitions 2025 target six months ahead of schedule, with €613bn in assets under distribution; the subsidiary has launched Fund Channel Liquidity, a multi-management platform for treasury products, in partnership with the Liquidity Solutions teams of Amundi and CACEIS; the platform has already been recognised with the innovation award of the AFTE (French association of corporate treasurers);
    • Following the success of Ambitions 2025, a new three-year strategic plan will be presented in the fourth quarter.

    On 1 April, Amundi finalised its partnership with Victory Capital and received shares representing 26% of the share capital in return for contributing Amundi US to Victory. This stake is consolidated in the second quarter accounts under the equity method, with a one-quarter lag compared to Victory Capital’s publications because the company, listed on the Nasdaq, publishes its accounts after those of Amundi (on 8 August for its second quarter 2025 results). Assets under management are consolidated at 26% in a separate line (Victory Capital – US distribution” for the portion distributed to US clients, and at 100% in the relevant client segments and asset classes for the portion managed by Victory Capital but distributed by Amundi to clients outside the United States.

    Activity

    Record inflows in the first half of the year of +€52bn, already at the level of the whole of 2024

    Assets under management1as at 30 June 2025 rose by +5.2% year-on-year, to reach an all-time high at €2,267bn. They benefited over 12 months from a high level of net inflows, +€75bn, the positive effect of market appreciation for +€109bn, more than half reduced by the unfavourable impact of currency moves (-€60bn) linked to the fall in the US dollar and the Indian rupee.

    These two currencies fell vs. the euro in average for the second quarter by -5% and -7% respectively year-on-year and by -7% and -6% quarter-on-quarter. In the first half of 2025 and also in average terms, the US dollar is down by -1% and the Indian rupee by -4% compared to the first half of 2024.

    In the first half of 2025, the market effect and the forex effect amounted to +€58bn and -€73bn respectively,

    Amundi recorded a scope effect of -€10bn related to the finalisation of the partnership with the American asset manager Victory Capital in the second quarter.

    Net inflows were healthy at +€52bn in the first half of the year, almost reaching the level of the whole of 2024 (+€55bn), and far exceeding it in assets MLT8 excluding JVs and US distribution at +€48bn (compared to +€34bn for the whole of 2024).

    These MLT net inflows8 (+€26bn) were driven by passive management (+€44bn), in particular ETFs (+€19bn) and active management (+€9bn), driven by fixed income strategies.

    Treasury products excluding JVs and US distribution posted outflows of -€9bn over the half-year, entirely due to withdrawals from corporate clients, which were particularly strong over the first half (€15bn); on the contrary, all other client segments posted net inflows on this asset class, reflecting the wait-and-see attitude in the face of volatility in risky asset markets.

    The three main client segments contributed to the net inflows of +€52bn:

    • the Retail segment, at +€7bn, thanks to Third-Party Distributors (+€13bn) and Amundi BOC WM (+€1.0bn), while risk aversion continues to affect net inflows from Partner networks;
    • the Institutional segment, at +€31bn, particularly in fixed income and equities thanks to the gain in the first quarter of The People’s Pension mandate (+€21bn, +22 in H1); all sub-segments contributed, to note the very high level of activity in Employee Savings & Retirement, at +€4bn, a record since the creation of Amundi, and the mandates of the insurers of Crédit Agricole and Société Générale, at +€9bn, which benefited from the renewed interest of French savers in life “euro” contracts;
    • and finally, JVs (+€13bn) posted a very positive performance over the half-year; despite market volatility in India, the SBI MF subsidiary gathered +€7bn thanks to a rebound in the second quarter, NH-Amundi (South Korea) +€5bn, and ABC-CA (China) +€2bn (excluding the discontinued Channel business), mainly driven by treasury products.
    • The net inflows from the US distribution of Victory Capital, recorded only over one quarter and only for the Group’s share of 26%, were at breakeven.

    In the second quarter, net inflows reached +€20.4bn, divided between:

    • the MLT assets8 at +€11.1bn, driven by Third-Party Distributors (+€5bn) and the Institutional division (+€10.8bn); the activity was at a record level in Employee Savings & Retirement, even for a seasonally high quarter (+€4.1bn) and Crédit Agricole and Société Générale insurance mandates recorded a good performance (+4.6bn€), in the context already mentioned of the renewed interest in life “euro” contracts and the arbitrage of treasury products in favour of short-duration bonds; as regards asset classes, ETFs confirmed their success (+€8.2bn), but also positive net inflows in active management (+€2.9 billion), driven by fixed income;
    • JVs, for +€10.3bn, thanks in particular to the rebound in SBI MF’s activity in India (+€7.8bn) after two quarters of market volatility and withdrawals related to the end of the fiscal year in the first quarter; ABC-CA (China, +€1.2bn excluding Channel Business) also confirmed the recovery of its activity, particularly in fixed income, driven by a more favourable local market;
    • Treasury products posted outflows (-€1.0bn), with the continuation of seasonal withdrawals from Corporates (-€3.8bn), while all other segments posted net inflows or at least breakeven.

    First half 2025 results

    The income statement for the first half of 2025 includes, in the first quarter, Amundi US fully integrated in each line of the P&L and, in the second quarter, the equity-accounted contribution of Victory Capital (Group share, i.e. 26%). As Victory Capital has not yet published its earnings for this period, this contribution is estimated by taking Group share of the net profit for the first quarter of 2025.

    The first half of 2024 has been restated in a comparable manner, i.e. as if Amundi US had been fully integrated in the first quarter and accounted for using the equity method in the second quarter (@100%)

    Profit before tax3+4% H1/H14

    Adjusted data3

    The Group’s results for the first half of 2025 include, in addition to the 26% equity contribution of Victory Capital, the contribution of aixigo, acquisition of which was finalised in early November 2024, as well as Alpha Associates, an acquisition finalised early April 2024, which were therefore not integrated or only partially integrated in the first half of 2024.

    Victory Capital’s contribution is accounted for under the equity method for its 26% share with a one-quarter lag.

    The profit before tax3reached €895m in up +4.2% compared to the first half of 2024 pro forma4. This growth comes mainly from revenue growth.

    Adjusted net revenues3 reached €1,703m, +4.9% compared to the first half of 2024 (+4,0% excluding the integration of aixigo and an additional quarter of Alpha Associates). Contributing to this progression, at current scope:

    • Net Management Fees grew by +4.6% compared to the first half of 2024 pro forma4, at €1,542m, and reflect the increase in average assets under management2 thanks to the good level of activity, despite the negative effect of the product mix on revenue margins;
    • Amundi Technology’s revenues, at €52m, grew strongly (+48.0% compared to the first half of 2024), amplified by the consolidation of aixigo (+€8m), organic growth was +25%;
    • Financial and other revenues3 amounted to €52m, +10.4% compared to the first half of 2024 on a pro forma basis4 thanks to capital gains on seed private equity investments and the portfolio’s positive mark-to-market in the first quarter, although the half-year remains characterised by the negative impact on voluntary investments of the fall in short-term rates in the euro zone, which halved in one year;
    • Performance fees (€58m), on the other hand, decreased by -13.2% compared to the first half of 2024 on a pro forma basis4, reflecting greater market volatility since the beginning of the year, particularly in the second quarter; however, the performance of Amundi′s management remains good, with more than 70% of assets under management ranked in the first or second quartiles according to Morningstar11 over 1, 3 or 5 years, and 243 Amundi funds rated 4 or 5 stars by Morningstar as at 30 June.

    The increase in adjusted operating expenses3, €894m, is +5,3% compared to the first half of 2024 pro forma4 and +3,4% excluding the integration of aixigo and an additional quarter of Alpha Associates. The jaws effect is therefore slightly positive on a like-for-like basis, reflecting the Group’s operational efficiency.

    In addition to the scope effect, this increase is mainly due to investments in the development initiatives of the Ambitions 2025 plan, particularly in technology, third-party distribution and Asia.

    The cost-income ratio at 52,5%, on an adjusted basis3, is stable compared to the first half of last year, and in line with the Ambitions 2025 target (<53%).

    The adjusted gross operating income3reached €808m, up +4,5% compared to the first half of 2024 pro forma4, reflecting growth in revenues and cost control.

    The contribution of equity-accounted JVs12, at €66m, up +7.1% compared to the first half of 2024, reflects the strong momentum of the Indian JV SBI MF (+7.4%), which accounts for nearly 80% of the contribution of JVs. The commercial dynamism of the JV allowed the continued growth of its management fees and more than offset the effects of the depreciation of the Indian rupee (-€3m, or -6 percentage points of growth). The half-year contribution also benefited from the profitability of the Chinese JV ABC-CA.

    The adjusted contribution3of the U.S. operations, accounted for under the equity method, which includes Victory Capital’s Group share (26%) contribution from the second quarter onward, amounts to €26m. As explained, this figure corresponds to Victory Capital’s first quarter adjusted net income, due to the lag in publication and therefore does not take into account the synergies that were announced as part of the combination with Amundi US ($110m at 100%, full year before tax) and of which $50m had already been achieved at the time of the finalisation of the partnership. The comparison with Amundi US contribution in the second quarter of 2024, at €32m, which also included positive non-recurring items, is therefore not relevant.

    The adjusted corporate tax expense3 of the first half of 2025 reached -€259m, a very strong increase – +35.0% – compared to the first half of 2024 pro forma4.

    In France, in accordance with the Finance Act for 2025, an exceptional tax contribution is recorded in the 2025 fiscal year. It is calculated on the average of the taxable profits made in France in 2024 and 2025. This exceptional contribution is estimated13 to -€72m for the year as a whole, and is not accounted for on a straight-line basis over the quarters. Thus, it amounted to -€54m in the first half of 2025. Excluding this exceptional contribution, the adjusted tax expense3 would have been -€205m and the adjusted effective tax rate3 would be equivalent to that of the first half of 2024.

    Adjusted net income3 rose to €638m. Excluding the exceptional corporate income tax contribution, it would have reached €692m, up +4% compared to the first half of 2024 pro forma4.

    Adjusted3earnings per share was €3.11 in the first half of 2025, including -€0.26 related to the exceptional tax contribution in France. Excluding this exceptional contribution, adjusted3 earnings per share would therefore have been €3.37, up +3.3% compared to the first half of 2024 pro forma4.

    Accounting data in the first half of 2025

    Accounting net income group share amounted to nearly one billion euros, at €998m. It includes a non-cash capital gain of €402m related to the finalisation of the partnership with Victory Capital.

    As a reminder, this operation took the form of a share swap and did not give result in any cash payment. The accounting capital gain corresponds to the difference between the market value of what Amundi Group received at the transaction date, namely 26% of the share capital of the new entity Victory Capital, and the historical accounting price of Amundi US that the Group contributed to Victory Capital.

    As in the other half-years, the reported net income includes various non-cash expenses as well as integration costs related to the partnership with Victory Capital, finalised on 1 April 2025. Finally, Victory Capital’s contribution also includes a number of expenses, including the amortisation of intangible assets. See the details of all these elements in p. 17).

    Accounting earnings per share in the first half of 2025 was €4.86, including the capital gain and the exceptional tax contribution in France.

    Second quarter 2025 results

    The quarterly series have been restated as if Amundi US had been consolidated using the 100% equity method up to and including the first quarter of 2025. In the second quarter, following the finalisation of the partnership with Victory Capital, the contribution of Amundi US was replaced by the consolidation under the equity method of the Group share (26%) in Victory Capital, with a one-quarter lag in publication (integration for the second quarter 2025 of the net income published by Victory Capital in the first quarter of 2025).

    Q2/Q2 decline in profit before tax3due to performance fees and financial revenues

    Adjusted data3

    The results include aixigo, acquisition of which was finalised in early November 2024. 

    Adjusted net revenues3 totalled €790m, down -1.0% compared to the second quarter of 2024 pro forma4, but business-related revenues, management fees and technology revenues, were up:

    • Net Management Fees grew by +1.2% compared to the second quarter of 2024 pro forma4, at €717m, thanks to the increase in average assets under management2 over the same period, despite the unfavourable effect of the product mix on margins and the negative impact of the depreciation of the US dollar, which is the currency of approximately 25% of invested assets2; compared to the first quarter of 2025 pro forma4, two-thirds of the decline in these fees are explained by the fall in the US dollar;
    • Amundi Technology’s revenues, at €26m, continued their sustained growth (+46.2% compared to the second quarter of 2024), amplified by the consolidation of aixigo (+€3m); excluding aixigo, these revenues were up +30% organically;
    • Performance fees were down due to market volatility (28.9% compared to the second quarter of 2024 pro forma4), but they are higher than in the first quarter on a pro forma basis4 (+53,5%);
    • Financial revenues (-47.2%) were down due to the fall in short-term rates in the euro zone over the period.

    Adjusted operating expenses3 are under control at €417m, i.e. +1,6% compared to the second quarter of 2024 pro forma4 and were stable excluding aixigo, reflecting the Group’s operational efficiency. Investments in the development initiatives of the Ambitions 2025 plan continued, particularly in technology, third-party distribution and Asia. 

    The cost-income ratio at 52,7% on an adjusted data basis3 is in line with the Ambitions 2025 objective (<53%).

    The optimisation plan, which was announced in the first quarter, has been launched and will finance the acceleration of investments by generating between €35 and €40m in savings from 2026. The first concrete announcements were made in the second quarter, including the merger between CPR and BFT to create a leader in asset management in France within the Group, with around €100bn in assets under management. The restructuring costs of this plan will be recorded for an amount of €70 to 80m14in the second half of the year. 

    The Adjusted gross operating income3(GOI) amounted to €374m, down -3,8% compared to the second quarter of 2024 pro forma4.

    The contribution of JVs15, at €38m (+16.6%), increased strongly thanks to the growth in activity and management fees of the main contributing entity, the Indian JV SBI MF (+19%), as well as the good profitability of the JV in China ABC-CA.

    The adjusted contribution3of the U.S. operations, accounted for like JVs under the equity method, reflects for the first time this quarter the contribution of Victory Capital to the group share (26%), at €26m. As explained, this figure corresponds to Victory Capital’s first quarter result due to the publication lag, and therefore does not yet take into account the synergies that were announced as part of the combination with Amundi US ($110m at 100%, full-year before tax) and of which $50m were realised at the time of the finalisation of the partnership on 1 April 2025. The comparison with Amundi US’s contribution to Group net income in the second quarter of 2024 (€32m), which also included positive non-recurring items, is therefore not relevant. In addition, the average US dollar fell by -5% year-on-year, also weighing on this contribution.

    Adjusted income before tax3reached €437m, down -1.8% compared to the second quarter of 2024 pro forma4.

    The adjusted corporate tax expense3 of the second quarter of 2025 reached -€104m, up +9% compared to the second quarter of 2024 pro forma4.

    In France, in accordance with the Finance Act for 2025, an exceptional tax contribution is recorded in the 2025 fiscal year. It is calculated on the average of the profits made in France in 2024 and 2025. This exceptional contribution is estimated16 at -€72m for the full year, is not accounted for on a straight-line basis. It amounted to -€9m in the second quarter of 2025, compared to -€46m in the first quarter. Excluding this exceptional contribution, the adjusted tax expense3 would have been -€95m and the adjusted3 effective tax rate 25.4%, equivalent to that of the second quarter of 2024 pro forma4.

    Adjusted net income3 was €334m. Excluding the exceptional tax contribution, it would have been €343m.

    Adjusted3earnings per share in the second quarter of 2025 achieved €1.63, including -4 cents related to the exceptional tax contribution in France.

    Accounting data in the second quarter of 2025

    Accounting net income group share amounted to €715m. It includes the non-cash capital gain of €402m related to the completion of the partnership with Victory Capital.

    As in the previous quarters, reported net income includes various non-cash expenses as well as integration costs related to the partnership with Victory Capital, finalised on 1 April 2025. Finally, Victory Capital’s contribution also includes a number of expenses, including the amortisation of intangible assets. See the details of all these elements in p. 17).

    Accounting earnings per share in the second quarter of 2025 reached €3.48, including the capital gain on the Victory Capital transaction and the exceptional tax contribution in France.

    A solid financial structure, €1.3bn in surplus capital 

    Tangible equity17 amounted to €4.3bn as at 30 June 2025, down slightly compared to the end of 2024 due to the payment of dividends (-€0.9bn) for the fiscal year 2024 and the impact of foreign exchange (-€0.2bn), most of which were offset by accounting net income for the first half of the year, including the capital gain related to this transaction (+€1.0bn), including the capital gain related to the partnership with Victory Capital (+€0.4bn).

    As indicated at the time of signing in July 2024, the partnership with Victory Capital did not have a significant effect on the CET1 ratio.

    The capital surplus at the end of the first quarter stood at €1.3bn. 

    In a press release dated 4 July, the rating agency FitchRatings confirmed Amundi’s A+ issuer rating18 with a stable outlook, the best in the sector.

    * * * * *

    APPENDICES

    Adjusted income statement3of the first half of 2025

    (M€)   H1 2025 H1 2024* % ch. H1/H1*
             
    Net revenue – adjusted   1,703 1,623, +4.9%
    Management fees   1,542 1,475 +4.6%
    Performance fees   58 66 -13.2%
    Technology   52 35 +48.0%
    Financial income and other revenues   52 47 +10.4%
    Operating expenses – adjusted   (894) (849) +5.3%
    Cost/income ratio – adjusted (%)   52.5% 52.3% +0.2pp
    Gross operating income – adjusted   808, 773, +4.5%
    Cost of risk & others   (6) (8) -28.7%
    Equity-accounted companies – JVs   66 61 +7.1%
    Equity-accounted companies – Adjusted Victory Capital   26 32 -16.8%
    Income before tax – adjusted   895 858, +4.2%
    Corporate tax – adjusted   (259) (192) +35.0%
    Non-controlling interests   2 1 +88.1%
    Net income group share – adjusted   638, 668, -4.5%
    Amortization of intangible assets after tax   (28) (32) -10.8%
    Integration costs and amortisation of the PPA after tax   (7) 0 NS
    Victory Capital adjustments (after tax, on a co-payment basis)   (7) 0 NS
    Victory Capital Capital Capital Gain, after tax   402 0 NS
    Net income group share   998 636 +56.9%
    Earnings per share (€)   4.86 3.11 +56.3%
    Earnings per share – adjusted (€)   3.11 3.26 -4.8%

    * Quarterly series have been restated as if Amundi US had been consolidated using the 100% equity method up to and including Q1 2025; in H1 2025 no restatement was applied and Amundi US is therefore fully consolidated in Q1 2025, and H1 2024 was restated accordingly, ie as if Amundi US had been fully integrated in Q1 2024 and equity-accounted in Q2 2024.

    Adjusted income statement3of the second quarter

    (M€)   Q2 2025 Q2 2024* % var. T2/T2*   Q1 2025* % ch. Q2/Q1*
                   
    Net revenue – adjusted   790 799 -1.0%   823 -3.9%
    Management fees   717 709 +1.2%   737 -2.7%
    Performance fees   35 49 -28.9%   23 +53.5%
    Technology   26 17 +49.8%   26 +0.7%
    Financial income & other revenues   12 23 -47.2%   37 -66.9%
    Operating expenses – adjusted   (417) (410) +1.6%   (416) +0.2%
    Cost/income ratio – adjusted (%)   52,7% 51,4% +1.4pp   50.6% +2.2pp
    gross operating income – adjusted   374 388 -3.8%   407 -8.1%
    Cost of risk & others   (1) (8) -82.4%   (4) -67.4%
    Equity-accounted companies – JVs   38 33 +16.6%   28 +38.6%
    Equity-accounted companies – Adjusted Victory Capital   26 32 -16.8%   22 +21.2%
    Income before tax – adjusted   437 445 -1.8%   452 -3.3%
    Corporate tax – adjusted   (104) (95) +9.0%   (149) -30.6%
    Non-controlling interests   1 0 NS   1 +32.6%
    Net income group share – adjusted   334 350 -4.5%   303 +10.2%
    Amortization of intangible assets after tax   (15) (17) -13.7%   (14) +8.8%
    Integration costs and amortisation of the PPA after tax   (1) 0 NS   (3) -78.2%
    Victory Capital adjustments (after tax, on a co-payment basis)   (7) 0 NS   (4) +62.2%
    Victory Capital Capital Capital Gain, after tax   402 0 NS   0 NS
    Net income group share   715 333 NS   283 NS
    Earnings per share (€)   3.48 1.63 NS   1.38 NS
    Earnings per share – adjusted (€)   1.63 1.71 -4.8%   1.48 +10.2%

    * Quarterly series have been restated as if Amundi US had been consolidated using the 100% equity method up to and including Q1 2025; In H1 2025 no restatement was applied and Amundi US is therefore fully consolidated in Q1 2025, and H1 2024 was restated accordingly, ie as if Amundi US had been fully integrated in Q1 2024 and equity-accounted in Q2 2024.

    Pro Forma Historical Series3Adjusted4– First semester

    (m€)   H1 2025   H1 2024 -Contrib. Amundi US
    T2 2024    		 H1 2024
    pro forma    		   % ch. 25/24 % ch. 25/24
    pro forma
                       
    Net management fees   1,542   1,560 85 1,475   -1.2% -1.4%
    Performance fees   58   67 1 66   -14.1% -13.6%
    Net asset management revenues   1,599   1,627 86 1 541   -1.7% -1.9%
    Technology   52   35 0 35   +48.0% +48.0%
    financial income & other revenues   12   6 3 3   NS NS
    Financial income & other revenues – adjusted   52   50 3 47   +4.1% +6.6%
    Net revenue (a)   1,663   1 667 89 1,578   -0.3% -0.3%
    Net revenue – adjusted (b)   1,703   1 711 89 1,623   -0.5% -0.6%
    Operating expenses (c)   (905)   (900) (51) (849)   +0.6% -1.4%
    Operating expenses – adjusted (d)   (894)   (900) (51) (849)   -0.6% -2.0%
    Gross operating income (e)=(a)+(c)   758   767 38 729   -1.2% +0.9%
    Gross operating income – adjusted (f)=(b)+(d)   808   811 38 773   -0.4% +0.9%
    Cost/income ratio (%) -(c)/(a)   54.4%   54.0% 57.2% 53.8%   0.44pp -0.56pp
    Cost/income ratio – adjusted (%) -(d)/(b)   52.5%   52.6% 57.2% 52.3%   -0.06pp -0.72pp
    Cost of risk & others (g)   397   (5) 3 (8)   NS NS
    Cost of risk & others – adjusted (h)   (6)   (5) 3 (8)   +16.4% -29.7%
    Equity-accounted companies – JV (i)   66   61   61   +7.1% +7.1%
    Equity-accounted companies – US operations (j)   20   0 (32) 32   NS +18.1%
    Equity-accounted companies – U.S. operations – adjusted (k)   26   0 (32) 32   NS +51.8%
    Income before tax (l)=(e)+(g)+(i)+(j)   1,240   824 9 814   +50.6% +51.8%
    Income before tax – adjusted (m)=(f)+(h)+(i)+(k)   895   868 9 858   +3.1% +3.5%
    Corporate tax (n)   (245)   (189) (9) (179)   +29.6% +33.8%
    Corporate tax – adjusted (o)   (259)   (201) (9) (192)   +28.8% +32.0%
    Non-controlling interests (p)   2   1 0 1   +88.1% +88.1%
    Net income group share (q)=(l)+(n)+(p)   998   636 0 636   +56.9% +56.9%
    Net income group share – adjusted (r)=(m)+(o)+(p)   638   668 0 668   -4.5% -4.5%
                       
    Earnings per share (€)   4.86   3.11   3.11   +56.3% +56.3%
    Earnings per share – adjusted (€)   3.11   3.26   3.26   -4.8% -4.8%

    * Quarterly series have been restated as if Amundi US had been consolidated using the 100% equity method up to and including Q1 2025; in H1 2025 no restatement was applied and Amundi US is therefore fully consolidated in Q1 2025, and H1 2024 was restated accordingly, ie as if Amundi US had been fully integrated in Q1 2024 and equity-accounted in Q2 2024.        

            

    Pro Forma Historical Series3Adjusted4– Quarters 2024-2025

    (m€)   Q2 2025   Q2 2024 -Contrib. Amundi US
    Q2 2024    		 Q2 2024
    pro forma    		   % ch. T2/T2 % var. Q2/Q2
    pro forma    		   Q1 2025* -Contrib. Amundi US
    T1 2025    		 Q1 2025
    pro forma    		   % ch. T2/T1 % var. Q2/Q1
    pro forma
    Net management fees   717   794 85 709   -9.7% +1.2%   824 88 737   -13.0% -2.7%
    Performance fees   35   50 1 49   -29.9% -28.9%   23 0 23   +52.0% +53.5%
    Net asset management revenues   752   844 86 758   -10.9% -0.8%   847 88 760   -11.2% -1.0%
    Technology   26   17 0 17   +49.8% +49.8%   26 0 26   +0.7% +0.7%
    Financial income and other revenues   (7)   3 3 (0)   NS NS   19 2 18   NS NS
    Financial income and other revenues – adjusted   12   26 3 22   -52.9% -43.7%   39 2 37   -68.4% -66.9%
    Net income (a)   771   864 89 775   -10.8% -0.6%   892 90 803   -13.7% -4.0%
    Net income – adjusted (b)   790   887 89 799   -10.9% -1.0%   912 90 823   -13.4% -3.9%
    Operating expenses (c)   (418)   (461) (51) (410)   -9.2% +2.0%   (486) (67) (419)   -14.0% -0.2%
    Operating expenses – adjusted (d)   (417)   (461) (51) (410)   -9.6% +1.6%   (478) (62) (416)   -12.8% +0.2%
    Gross Operating Income (e)=(a)+(c)   352   403 38 365   -12.6% -3.5%   406 22 384   -13.3% -8.2%
    Rross operating income – adjusted (f)=(b)+(d)   374   426 38 388   -12.4% -3.8%   434 28 407   -14.0% -8.1%
    Cost/income ratio (%) -(c)/(a)   54.3%   53.4% 57.2% 52.9%   0.95pp 1.38pp   54.5% 75.0% 52.2%   -0.20pp 2.08pp
    Cost/income ratio – adjusted (%) -(d)/(b)   52.7%   51.9% 57.2% 51.4%   0.79pp 1.37pp   52.4% 69.0% 50.6%   0.35pp 2.16pp
    Cost of risk & others (g)   401   (5) 3 (8)   NS NS   (4) (0) (4)   NS NS
    Cost of Risk & Other – adjusted (h)   (1)   (5) 3 (8)   -71.0% -82.4%   (4) (0) (4)   -67.9% -67.4%
    Equity-accounted companies – JV (i)   38   33 0 33   +16.6% +16.6%   28 0 28   +38.6% +38.6%
    Equity-accounted companies – US operations (j)   20   0 (32) 32   NS -37.7%   0 (18) 18   NS +11.7%
    Equity-accounted companies – U.S. operations – adjusted (k)   26   0 (32) 32   NS -16.8%   0 (22) 22   NS +21.2%
    Profit before tax (l)=(e)+(g)+(i)+(j)   811   431 9 421   +88.3% +92.5%   429 5 425   +89.0% +91.0%
    Profit before tax – adjusted (m)=(f)+(h)+(i)+(k)   437   454 9 445   -3.8% -1.8%   458 10 452   -4.5% -3.3%
    Corporate tax (n)   (97)   (98) (9) (89)   -0.5% +10.1%   (147) (5) (143)   -33.7% -31.6%
    Corporate tax – adjusted (o)   (104)   (105) (9) (95)   -0.8% +9.0%   (155) (6) (149)   -33.2% -30.6%
    Non-controlling interests (p)   1   0 0 0   NS NS   1 0 1   +32.6% +32.6%
    Net income group share (q)=(l)+(n)+(p)   715   333 0 333   NS NS   283 0 283   NS NS
    Net income group share – adjusted (r)=(m)+(o)+(p)   334   350 0 350   -4.5% -4.5%   303 0 303   +10.2% +10.2%
                                     
    Earnings per share (€)   3.48   1.63   1.63   NS NS   1.38   1.38   NS NS
    Earnings per share – adjusted (€)   1.63   1.71   1.71   -4.8% -4.8%   1.48   1.48   +10.2% +10.2%

    Definition of assets under management

    Assets under management and net inflows including assets under advisory and marketed and funds of funds, including 100% of assets under management and net inflows from Asian JVs; for Wafa Gestion in Morocco, assets under management and net inflows are taken over by Amundi in the capital of the JV

    Evolution of assets under management from the end of 2021 to the end of June 2025

    (€bn) Assets under management Collection

    Net

    		 Market and exchange rate effect Scope
    effect    		   Change in assets under management
    vs. prior quarter
    As of 31/12/2021 2,064         +14%19
    Q1 2022   +3.2 -46.4   –  
    As of 31/03/2022 2,021         -2.1%
    Q2 2022   +1.8 -97.7   –  
    As of 30/06/2022 1,925         -4.8%
    Q3 2022   -12.9 -16.3   –  
    As of 30/09/2022 1,895         -1.6%
    Q4 2022   +15.0 -6.2   –  
    As of 31/12/2022 1,904         +0.5%
    Q1 2023   -11.1 +40.9   –  
    As of 31/03/2023 1,934         +1.6%
    Q2 2023   +3.7 +23.8   –  
    As of 31/06/2023 1,961         +1.4%
    Q3 2023   +13.7 -1.7   –  
    As of 30/09/2023 1,973         +0.6%
    Q4 2023   +19.5 +63.8   -20  
    As of 31/12/2023 2,037         +3.2%
    Q1 2024   +16.6 +62.9   –  
    As of 31/03/2024 2,116         +3.9%
    Q2 2024   +15.5 +16.6   +7.9  
    30/06/2024 2,156         +1.9%
    Q3 2024   +2.9 +32.5   –  
    30/09/2024 2,192         +1.6%
    Q4 2024   +20.5 +28.1   –  
    31/12/2024 2,240         +2.2%
    Q1 2025   +31.1 -24.0   –  
    31/03/2025 2,247         +0.3%
    Q2 2025   +20.4 +10.1   -10.6  
    30/06/2025 2,267         +0.9%

    Total over one year between 30 June 2024 and 30 June 2025: +5.2%

    • Net inflows        +€74.9bn
    • Market effect        +€108.8bn
    • Forex effect        -€62.1bn
    • Scope effects        -€10.6bn        
      (Q2 2025 effect of the exit of Amundi US assets under management from Amundi US and the acquisition of 26% of Victory Capital assets under management in the US, the acquisition of aixigo has no effect on assets under management)

    Details of assets under management and net inflows by client segments20

    (€bn) AuM

    30.06.2025

    		 AuM 30.06.24 % change /30.06.24 Q2 2025 inflows Q2 2024 inflows H1 2025 inflows H1 2024 inflows
    Networks France 139 133 +4.3% -0.7 -2.4 -0.5 -0.9
    International networks 161 165 -2.5% -2.9 -0.8 -5.6 -2.8
    Of which Amundi BOC WM 3 3 -15.0% +0.7 +0.4 +1.0 +0.1
    Third-Party Distributors 350 359 -2.5% +5.0 +5.4 +13.3 +12.4
    Retail 650 658 -1.1% +1.4 +2.2 +7.2 +8.7
    Institutional & Sovereigns (*) 548 520 +5.4% +1.7 +1.1 +31.8 +10.7
    Corporates 107 108 -1.4% -3.7 -3.9 -14.0 -8.1
    Company savings 101 90 +12.8% +4.9 +3.8 +4.0 +2.9
    CA & SG Insurers 445 424 +4.8% +5.9 +0.8 +9.4 +1.7
    Institutional 1,201 1,142 +5.1% +8.7 +1.7 +31.2 +7.3
    JVs 359 356 +0.6% +10.3 +11.6 +13.2 +16.1
    Victory- US distribution 58 0 NS -0.0 0.0 -0.0 0.0
    Total 2,267 2,156 +5.2% +20.4 +15.5 +51.6 +32.1

    (*) Including funds of funds

    Details of assets under management and net inflows by asset classes20

    (€bn) AuM

    30.06.2025

    		 AuM 30.06.2024 % change /30.06.2024 Q2 2025 inflows Q2 2024 inflows H1 2025 inflows H1 2024 inflows
    Actions 556 515 +8.0% +6.9 +3.2 +33.3 +0.7
    Diversified 270 282 -4.3% +0.1 +0.7 -0.9 -6.9
    Obligations 737 706 +4.3% +6.6 +10.1 +20.9 +24.0
    Real, alternative, and structured 108 112 -4.0% -2.5 +1.0 -5.2 +0.7
    TOTAL MLT ASSETS
    excl. JV & US Distribution    		 1,671 1,616 +3.4% +11.1 +15.1 +48.0 +18.5
    Treasury products
    excl. JVs & US Distribution    		 180 184 -2.1% -1.0 -11.2 -9.6 -2.5
    TOTAL ASSETS
    excl. JV & US Distribution    		 1,851 1,800 +2.8% +10.2 +3.9 +38.4 +16.0
    JVs 359 356 +0.6% +10.3 +11.6 +13.2 +16.1
    Victory-distribution US 58 0 NS -0.0 0.0 -0.0 0.0
    TOTAL 2,267 2,156 +5.2% +20.4 +15.5 +51.6 +32.1
    Of which MLT assets 2,051 1,938 +5.8% +16.5 +23.7 +56.3 +31.5
    Of which treasury products 216 218 -0.9% +3.9 -8.3 -4.7 +0.6

    Details of assets under management and net inflows by type of management and asset classes20

    (€bn) AuM

    30.06.2025

    		 AuM 30.06.24 % change /30.06.24 Q2 2025 inflows Q2 2024 inflows H1 2025 inflows H1 2024 inflows
    Active management 1,118 1,122 -0.4% +2.9 +8.0 +9.1 +9.3
    Equities 196 207 -5.4% -0.8 -0.4 -4.8 -3.1
    Multi-assets 261 272 -3.8% +0.0 +0.3 -0.9 -7.7
    Bonds 661 643 +2.7% +3.7 +8.1 +14.9 +20.2
    Structured products 41 42 -0.3% -1.4 +1.3 -3.5 +1.9
    Passive management 446 382 +16.7% +10.7 +6.0 +44.2 +8.5
    ETFs & ETC 288 237 +21.2% +8.2 +4.5 +18.6 +9.5
    Index & Smart beta 158 144 +9.2% +2.5 +1.5 +25.6 -1.0
    Real & Alternative Assets 67 71 -6.2% -1.0 -0.3 -1.8 -1.2
    Real assets 63 67 -5.4% -0.6 -0.1 -1.2 -0.3
    Alternative 4 4 -18.4% -0.4 -0.2 -0.5 -1.0
    TOTAL MLT ASSETS
    excl. JV & US Distribution    		 1,671 1,616 +3.4% +11.1 +15.1 +48.0 +18.5
    Treasury products
    excl. JVs & US Distribution    		 180 184 -2.1% -1.0 -11.2 -9.6 -2.5
    TOTAL ASSETS
    excl. JV & US Distribution    		 1,851 1,800 +2.8% +10.2 +3.9 +38.4 +16.0
    JVs 359 356 +19.8% +11.6 -0.9 +16.1 -1.7
    Victory-US Distribution 58 0, NS -0.0 0.0, -0.0 0.0,
    TOTAL 2,267 2,156 +5.2% +20.4 +15.5 +51.6 +32.1
    Of which MLT assets 2,051 1,938 +5.8% +16.5 +23.7 +56.3 +31.5
    Of which treasury products 216 218 -0.9% +3.9 -8.3 -4.7 +0.6

    Details of assets under management and net inflows by geographic area20

    (€bn) AuM

    30.06.2025

    		 AuM 30.06.2024 % change /30.06.2024 Q2 2025 inflows Q2 2024 inflows H1 2025 inflows H1 2024 inflows
    France 1,028 971 +5.9% +8.7 +0.0 +9.3 +10.0
    Italy 199 207 -3.9% -1.4 -1.8 -3.4 -2.9
    Europe excluding France & Italy 461 406 +13.6% -1.0 +0.1 +22.8 +4.1
    Asia 460 451 +2.0% +13.8 +15.4 +21.6 +22.3
    Rest of the world 119 121 -1.5% +0.3 +1.7 +1.3 -1.3
    TOTAL 2,267 2,156 +5.2% +20.4 +15.5 +51.6 +32.1
    TOTAL outside France 1,239 1,185 +4.6% +11.7 +15.5 +42.3 +22.1

    Methodological Annex – Alternative Performance Indicators (APIs)

    Accounting and adjusted data

    Accounting data – These include

    • the amortisation of intangible assets, recorded in other revenues, and from Q2 2024, other non-cash expenses spread according to the schedule of price adjustment payments until the end of 2029; these expenses are recognised as deductions from net revenues, in financial expenses.
    • integration costs related to the transaction with Victory Capital and PPA amortization related to the acquisition of aixigo are recognized in the fourth quarter of 2024 and in the first quarter of 2025 as operating expenses. No such costs were recorded in the first nine months of 2024.

    The aggregate amounts of these items are as follows for the different periods under review:

    • Q1 2024: -€20m before tax and -€15m after tax
    • H1 2024: -€44m before tax and -€28m after tax
    • Q4 2024: -€38m before tax and -€28m after tax
    • Q1 2025: -€29m before tax and -€20m after tax
    • Q2 2025: -€28m before tax and -€22m after tax + €402m of capital gain (not taxable)
    • H1 2025: -€57m before tax and -€42m after tax + €402m of capital gain (not taxable)

    Adjusted data – In order to present an income statement that is closer to economic reality, the following adjustments have been made: restatement of the amortization of distribution agreements with Bawag, UniCredit and Banco Sabadell, intangible assets representing the client contracts of Lyxor and, since the second quarter of 2024, Alpha Associates, as well as other non-cash expenses related to the acquisition of Alpha Associates; These depreciation and amortization and non-cash expenses are recognized as a deduction from net revenues; restatement of the amortization of a technology asset related to the acquisition of AIXIGO recognized in operating expenses. The integration costs for the transaction with Victory Capital are also restated.

    Partnership with Victory Capital

    Victory Capital adjusts its US GAAP accounts to better reflect the Group’s economic performance. These US GAAP to Non-GAAP adjustments include, with the figures for the first quarter of 2025 included in Amundi’s financial statements for the second quarter of 2025, the amortisation of intangible assets and other acquisition-related charges, certain business tax, stock-based compensation, acquisition, restructuring and exit costs, Debt issuance costs and the tax benefit of goodwill and acquired intangible assets.

    Alternative Performance Indicators21

    In order to present an income statement that is closer to economic reality, Amundi publishes adjusted data that are calculated in accordance with the methodological appendix presented above.

    The adjusted data can be reconciled with the accounting data as follows:

    = accounting data
    = adjusted data
    (M€)   H1 2025 H1 2024*   Q2 2025 Q2 2024 Q2 2024*   Q1 2025 Q1 2025*
                         
                         
    Net revenue (a)   1,663 1,578   771 864 775   892 803
    – Amortisation of intangible assets (bef. Tax)   (37) (43)   (18) (22) (22)   (18) (18)
    – Other non-cash charges related to Alpha Associates   (3) (1)   (1) (1) (1)   (1) (1)
    Net revenue – adjusted (b)   1,703 1, 623   790 887 799   912 823
                         
    Operating expenses (c)   (905) (849)   (418) (461) (410)   (486) (419)
    – Integration costs (bef. tax)   (7) 0   0 0 0   (7) (2)
    – Amortisation related to aixigo PPA (bef. Tax)   (4) 0   (2) 0 0   (2) (2)
    Operating expenses – adjusted (d)   (894) (849)   (417) (461) (410)   (478) (416)
                         
    Gross operating income (e)=(a)+(c)   758 729   352 403 365   406 384
    Gross operating income – adjusted (f)=(b)+(d)   808 773   374 426 388   434 407
    Cost / Income ratio (%) -(c)/(a)   54.4% 53.8%   54.3% 53.4% 52.9%   54.5% 52.2%
    Cost / Income ratio, adjusted (%) -(d)/(b)   52.5% 52.3%   52.7% 51.9% 51.4%   52.4% 50.6%
    Cost of risk & others (g)   397 (8)   401 (5) (8)   (4) (4)
    Cost of risk & others – Adjusted (h)   (6) (8)   (1) (5) (8)   (4) (4)
    Share of net income from JVs (i)   66 61   38 33 33   28 28
    Share of net income from Victory Capital (j)   20 32   20 0 32   0 18
    Share of net income from Victory Capital – Adjusted (k)   26 32   26 0 32   0 22
    Income before tax (l)=(e)+(g)+(i)+(j)   1,240 814   811 431 421   429 425
    Income before tax – adjusted (m)=(f)+(h)+(i)+(k)   895 858   437 454 445   458 452
    Corporate tax (m)   (245) (179)   (97) (98) (89)   (147) (143)
    Corporate tax – adjusted (n)   (259) (192)   (104) (105) (95)   (155) (149)
    Non-controlling interests (o)   2 1   1 0 0   1 1
    Net income group share (q)=(l)+(n)+(p)   998 636   715 333 333   283 283
    Net income group share – adjusted (r)=(m)+(o)+(p)   638 668   334 350 350   303 303
                         
    Earnings per share (€)   4.86 3.11   3.48 1.63 1.63   1.38 1.38
    Earnings per share – adjusted (€)   3.11 3.26   1.63 1.71 1.71   1.48 1.48
                         

    * Quarterly series have been restated as if Amundi US had been consolidated using the 100% equity method up to and including Q1 2025; in H1 2025 no restatement was applied and Amundi US is therefore fully consolidated in Q1 2025, and H1 2024 was restated accordingly, ie as if Amundi US had been fully integrated in Q1 2024 and equity-accounted in Q2 2024.

    Shareholding

        30 June 2025   31 March 2025   31 December 2024   30 June 2024
    (units)   Number
    of shares    		 % of capital   Number
    of shares    		 % of capital   Number
    of shares    		 % of capital   Number
    of shares    		 % of capital
    Crédit Agricole Group   141,057,399 68.67%   141,057,399 68.67%   141,057,399 68.67%   141,057,399 68.93%
    Employees   4,398,054 2.14%   4,128,079 2.01%   4,272,132 2.08%   2,879,073 1.41%
    Self   1,625,258 0.79%   1,961,141 0.95%   1,992,485 0.97%   963,625 0.47%
    Floating   58,338,551 28.40%   58,272,643 28.37%   58,097,246 28.28%   59,747,537 29.20%
                             
    Number of equities at the end of the period   205,419,262 100.0%   205,419,262 100.0%   205,419,262 100.0%   204,647,634 100.0%
    Average number of equities since the beginning of the year   205,419,262 –   205,419,262 –   204,776,239 –   204,647,634 –
    Average number of equities quarter-to-date   205,419,262 –   205,419,262 –   205,159,257 –   204,647,634 –

    Average number of shares prorata temporis.

    • The average number of shares was unchanged between Q1 2025 and Q2 2025 and increased by +0.4% between Q2 2024 and Q2 2025.
    • A capital increase reserved for employees was recorded on 31 October 2024. 771,628 shares were created (approximately 0.4% of the share capital before the transaction).
    • Amundi announced on 7 October 2024 a buyback program of up to 1 million shares (i.e. ~0.5% of the share capital before the transaction) to cover performance shares plans, which was finalised on 27 November 2024.                                                

    Financial communication calendar

    • Tuesday 28 October 2025: Q3 and 9-month 2025 results
    • Fourth quarter 2025: new medium-term strategic plan

    About Amundi

    Amundi, the leading European asset manager, ranking among the top 10 global players22, offers its 100 million clients – retail, institutional and corporate – a complete range of savings and investment solutions in active and passive management, in traditional or real assets. This offering is enhanced with IT tools and services to cover the entire savings value chain. A subsidiary of the Crédit Agricole group and listed on the stock exchange, Amundi currently manages close to €2.3 trillion of assets23.

    With its six international investment hubs24, financial and extra-financial research capabilities and long-standing commitment to responsible investment, Amundi is a key player in the asset management landscape.

    Amundi clients benefit from the expertise and advice of 5,500 employees in 35 countries.

    Amundi, a trusted partner, working every day in the interest of its clients and society

    www.amundi.com          

    Press contacts:        
    Natacha Andermahr 
    Tel. +33 1 76 37 86 05
    natacha.andermahr@amundi.com 

    Corentin Henry
    Tel. +33 1 76 36 26 96
    corentin.henry@amundi.com

    Investor contacts:
    Cyril Meilland, CFA
    Tel. +33 1 76 32 62 67
    cyril.meilland@amundi.com 

    Thomas Lapeyre
    Tel. +33 1 76 33 70 54
    thomas.lapeyre@amundi.com 

    Annabelle Wiriath

    Tel. + 33 1 76 32 43 92

    annabelle.wiriath@amundi.com

    DISCLAIMER

    This document does not constitute an offer or invitation to sell or purchase, or any solicitation of any offer to purchase or subscribe for, any securities of Amundi in the United States of America or in France. Securities may not be offered, subscribed or sold in the United States of America absent registration under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”), except pursuant to an exemption from, or in a transaction not subject to, the registration requirements thereof. The securities of Amundi have not been and will not be registered under the U.S. Securities Act and Amundi does not intend to make a public offer of its securities in the United States of America or in France.

    This document may contain forward looking statements concerning Amundi’s financial position and results. The data provided do not constitute a profit “forecast” or “estimate” as defined in Commission Delegated Regulation (EU) 2019/980. 

    These forward looking statements include projections and financial estimates based on scenarios that employ a number of economic assumptions in a given competitive and regulatory context, assumptions regarding plans, objectives and expectations in connection with future events, transactions, products and services, and assumptions in terms of future performance and synergies. By their very nature, they are therefore subject to known and unknown risks and uncertainties, which could lead to their non-fulfilment. Consequently, no assurance can be given that these forward looking statement will come to fruition, and Amundi’s actual financial position and results may differ materially from those projected or implied in these forward looking statements.

    Amundi undertakes no obligation to publicly revise or update any forward looking statements provided as at the date of this document. Risks that may affect Amundi’s financial position and results are further detailed in the “Risk Factors” section of our Universal Registration Document filed with the French Autorité des Marchés Financiers. The reader should take all these uncertainties and risks into consideration before forming their own opinion. 

    The figures presented have been subject to a limited review from the statutory auditors and have been prepared in accordance with applicable prudential regulations and IFRS guidelines, as adopted by the European Union and applicable at that date.

    Unless otherwise specified, sources for rankings and market positions are internal. The information contained in this document, to the extent that it relates to parties other than Amundi or comes from external sources, has not been verified by a supervisory authority or, more generally, subject to independent verification, and no representation or warranty has been expressed as to, nor should any reliance be placed on, the fairness, accuracy, correctness or completeness of the information or opinions contained herein. Neither Amundi nor its representatives can be held liable for any decision made, negligence or loss that may result from the use of this document or its contents, or anything related to them, or any document or information to which this document may refer.

    The sum of values set out in the tables and analyses may differ slightly from the total reported due to rounding.

    1        See definition of assets under management p.14
    2        Excluding JV and Victory Capital – US Distribution US, whose contributions are equity-accounted
    3        Adjusted data: see p. 16
    4        For explanations of pro forma variations, see p. 12 and 13
    5        Source: IPE “Top 500 Asset Managers” published in June 2025
    6        Including JV and Victory Capital – US Distribution
    7        The inflows presented in this section are not cumulative, as they may overlap in part, for example an ETF sold to a third-party distributor in Asia.
    8        Medium to Long-Term Assets, excluding JVs
    9        Qualified Domestic Limited Partner, ie asset managers allowed to invest in overseas markets and raise Renminbi funds from domestic investors
    10        See Third-Party Distribution Investor Workshop of 19 June 2025
    11        Source: Morningstar Direct, Broadridge FundFile – Open-ended funds and ETFs, global fund scope, March 2025; as a percentage of the assets under management of the funds in question; the number of Amundi open-ended funds rated by Morningstar was 1071 at the end of March 2025. © 2025 Morningstar, all rights reserved
    12        Reflecting Amundi’s share of the net income of minority JVs in India (SBI FM), China (ABC-CA), South Korea (NH-Amundi) and Morocco (Wafa Gestion), accounted for by the equity method after tax
    13        Under the assumption that the 2025 tax result in France will be equivalent to that of 2024 and before adjusting the average to take into account the final 2025 tax result
    14        Currently being estimated
    15        Reflecting Amundi’s share of the net income of minority JVs in India (SBI FM), China (ABC-CA), South Korea (NH-Amundi) and Morocco (Wafa Gestion), accounted for by the equity method after tax
    16        Under the assumption that the 2025 tax result in France will be equivalent to that of 2024 and before adjusting the average to take into account the final 2025 tax result
    17        Net equity minus goodwill and intangible assets
    18        Long-Term Issuer Default Rating (IDR)
    19        Lyxor, integrated as of 31/12/2021; sale of Lyxor Inc. in Q4 2023
    20        See definition of assets under management, p.14
    21        See also the section 4.3 of the 2024 Universal Registration Document filed with the AMF on April 16, 2025 under number D25-0272
    22Source: IPE “Top 500 Asset Managers” published in June 2025, based on assets under management as at 31/12/2024
    23Amundi data as at 30/06/2025
    24Paris, London, Dublin, Milan, Tokyo and San Antonio (via our strategic partnership with Victory Capital)

    Attachment

    The MIL Network –

  • MIL-OSI: WISeKey Renews WebTrust Compliance for OISTE/WISeKey Global Root of Trust

    Source: GlobeNewswire (MIL-OSI)

    WISeKey Renews WebTrust Compliance for OISTE/WISeKey Global Root of Trust

    Geneva and Zug, Switzerland – July 29, 2025 – WISeKey International Holding Ltd (“WISeKey”, SIX: WIHN; Nasdaq: WKEY), a global leader in cybersecurity and IoT, today announced the successful renewal of its WebTrust Seal of Assurance. This renewal confirms that WISeKey’s OISTE/WISeKey Trust Model and Certification Authority (CA) services meet the rigorous audit criteria established by the WebTrust program.

    The WebTrust for Certification Authorities program, now overseen by CPA Canada, is designed to strengthen public trust in digital certificate services and the broader PKI ecosystem. By maintaining this prestigious certification, WISeKey reinforces its position as a trusted provider of secure digital identity and cybersecurity solutions.

    Comprehensive Audit Scope
    WISeKey has successfully passed WebTrust audits in the following critical domains:

    • WebTrust for Certification Authorities – validates WISeKey’s operational integrity in the issuance and lifecycle management of digital certificates.
    • WebTrust for Baseline Requirements – confirms compliance with the CA/B Forum’s security and issuance standards for publicly trusted certificates.
    • WebTrust for Extended Validation (EV) – verifies WISeKey’s adherence to strict requirements for issuing EV SSL certificates.
    • WebTrust for S/MIME – introduced in 2024, it confirms WISeKey’s secure practices in issuing digital certificates for encrypted email communications.
    • WebTrust for Network Security – newly added in 2025, itattests to WISeKey’s robust cybersecurity controls across its infrastructure.

    Advancing Trust Services
    WISeKey delivers its trust services via next-generation certificate management platforms, which offer automated provisioning (via ACME and APIs), crypto-agility, and streamlined renewal and revocation processes, reducing operational risks and improving efficiency.

    This latest certification also covers WISeKey’s newly deployed Root Certification Authorities, which serve as the foundation for its post-quantum trust services. Through its subsidiary, SEALSQ Corp (Nasdaq: LAES), WISeKey is investing heavily in quantum-resistant solutions that integrate both software and hardware components.

    Carlos Moreira, Founder and CEO of WISeKey, stated: “The renewal of our WebTrust assurance demonstrates the reliability and resilience of WISeKey’s Trust Services. It reflects our commitment to maintaining the highest standards of security and compliance for our global clients.”

    Expanding Global Recognition
    In addition to WebTrust accreditation, WISeKey undergoes regular assessments to meet the diverse compliance requirements of its multinational clientele. These include accreditations for:

    • Matter, the smart home standard supported by CSA, Google, Apple, and Amazon.
    • Wi-SUN Alliance, reflects WISeKey’s standing as a trusted root for critical IoT and home automation.
    • GSMA, ensurs compliance with mobile security standards, such as the issuance of digital certificates for eSIM.

    The Role of OISTE Roots in PKI and WISeKey Trust Services delivered by the WISeKey Holding
    OISTE Root Certificate Authorities (Root CAs) sit at the top of the PKI hierarchy. They issue and validate subordinate CAs, anchoring trust for all digital certificates downstream. If a Root CA is compromised, the entire trust chain can be invalidated, making trustworthiness and security paramount.
    Certificates issued by trusted CAs enable authentication, encryption, and integrity for digital communications. EV certificates, in particular, offer enhanced validation and are preferred for high-assurance applications.

    By maintaining WebTrust accreditation, OISTE’s Root CAs remain embedded in major browsers and operating systems, ensuring seamless interoperability and global recognition.

    WISeKey SA, another WISeKey subsidiary which specializes in RoT and PKI solutions for secure authentication and identification in IoT, Blockchain, and AI, acts as a “Trust Center” for the rest of companies of the group, centralizing and optimizing the investment in datacenter and PKI technologies.

    For more information, visit: www.oiste.org and www.wisekey.com

    About WISeKey

    WISeKey International Holding Ltd (“WISeKey”, SIX: WIHN; Nasdaq: WKEY) is a global leader in cybersecurity, digital identity, and IoT solutions platform. It operates as a Swiss-based holding company through several operational subsidiaries, each dedicated to specific aspects of its technology portfolio. The subsidiaries include (i) SEALSQ Corp (Nasdaq: LAES), which focuses on semiconductors, PKI, and post-quantum technology products, (ii) WISeKey SA which specializes in RoT and PKI solutions for secure authentication and identification in IoT, Blockchain, and AI, (iii) WISeSat AG which focuses on space technology for secure satellite communication, specifically for IoT applications, (iv) WISe.ART Corp which focuses on trusted blockchain NFTs and operates the WISe.ART marketplace for secure NFT transactions, and (v) SEALCOIN AG which focuses on decentralized physical internet with DePIN technology and house the development of the SEALCOIN platform.

    Each subsidiary contributes to WISeKey’s mission of securing the internet while focusing on their respective areas of research and expertise. Their technologies seamlessly integrate into the comprehensive WISeKey platform. WISeKey secures digital identity ecosystems for individuals and objects using Blockchain, AI, and IoT technologies. With over 1.6 billion microchips deployed across various IoT sectors, WISeKey plays a vital role in securing the Internet of Everything. The company’s semiconductors generate valuable Big Data that, when analyzed with AI, enable predictive equipment failure prevention. Trusted by the OISTE/WISeKey cryptographic Root of Trust, WISeKey provides secure authentication and identification for IoT, Blockchain, and AI applications. The WISeKey Root of Trust ensures the integrity of online transactions between objects and people. For more information on WISeKey’s strategic direction and its subsidiary companies, please visit www.wisekey.com.

    Disclaimer
    This communication expressly or implicitly contains certain forward-looking statements concerning WISeKey International Holding Ltd and its business. Such statements involve certain known and unknown risks, uncertainties and other factors, which could cause the actual results, financial condition, performance or achievements of WISeKey International Holding Ltd to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. WISeKey International Holding Ltd is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise.

    This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities, and it does not constitute an offering prospectus within the meaning of the Swiss Financial Services Act (“FinSA”), the FinSa’s predecessor legislation or advertising within the meaning of the FinSA. Investors must rely on their own evaluation of WISeKey and its securities, including the merits and risks involved. Nothing contained herein is, or shall be relied on as, a promise or representation as to the future performance of WISeKey.

    Press and Investor Contacts

    WISeKey International Holding Ltd
    Company Contact: Carlos Moreira
    Chairman & CEO
    Tel: +41 22 594 3000
    info@wisekey.com     		 WISeKey Investor Relations (US) 
    The Equity Group Inc.
    Lena Cati
    Tel: +1 212 836-9611
    lcati@theequitygroup.com

    The MIL Network –

  • MIL-OSI Africa: Prime Minister and Minister of Foreign Affairs Participates in High-Level International Conference for Peaceful Settlement of Question of Palestine and Implementation of Two-State Solution

    Source: Government of Qatar

    New York, July 28

    HE Prime Minister and Minister of Foreign Affairs Sheikh Mohammed bin Abdulrahman bin Jassim Al-Thani participated on Monday in the plenary session of the High-Level International Conference for the Peaceful Settlement of the Question of Palestine and the Implementation of the Two-State Solution, held in the United Nations General Assembly Hall in New York.

    In Qatar’s statement to the plenary session, His Excellency said that this conference is being held at a critical moment for the region amid a horrific war waged by Israel on the Gaza Strip for two years and a worsening humanitarian tragedy affecting more than two million people, most of whom are women and children.

    In one of the most brutal and heartbreaking moments of this tragedy, we witnessed scenes that are a disgrace to all of humanity – hungry civilians, who are exhausted by the blockade, and who get killed while standing in line waiting for a loaf of bread, a bag of flour, or a meal to feed their children, His Excellency noted.

    He wondered: What future can be built on the bodies of the starving? And what peace can emerge in the midst of such hunger, humiliation, and killing?

    HE the Prime Minister and Minister of Foreign Affairs explained that, in the face of this catastrophic situation, the State of Qatar has not hesitated to exert all its diplomatic efforts to stop the bloodshed of innocents, alleviate their suffering, and release prisoners and detainees.

    He said that the State of Qatar, based on its firm position, condemns all forms of targeting civilians. It categorically rejects double standards. A human being is a human being, and a child is a child. None of us has the right to discriminate between innocents and their right to life on political or other grounds. The situation has reached the point of normalizing the use of starvation and targeting hospitals as a method of war, setting precedents that we cannot accept, otherwise it will become a normal practice in every conflict from now on.

    His Excellency reiterated the State of Qatar’s categorical rejection of the use of food as a tool of pressure or a weapon in conflicts, and its condemnation in the strongest terms of the blockade and forced displacement policies practiced against innocent civilians, as well as the repeated targeting of hospitals, displacement centers, and vital facilities, in flagrant violation of international humanitarian law.

    His Excellency noted that the mediation efforts undertaken by the State of Qatar, in partnership with the Arab Republic of Egypt and the United States of America, have yielded tangible results, represented by the entry of large quantities of aid and the release of hundreds of prisoners and detainees on both sides.

    HE the Prime Minister and Minister of Foreign Affairs affirmed that, despite reoccurring obstacles and attempts to undermine the humanitarian track, efforts are ongoing to reach an immediate ceasefire, setting the stage to ending the crisis and launching recovery and reconstruction efforts. He stressed that this requires all parties to act responsibly and support mediation efforts.

    His Excellency noted that the war against the Palestinian people in the Gaza Strip has not only caused unprecedented suffering for innocent civilians but has also undermined the credibility of international law and the universal values upon which the international community institutions were founded after World War II.

    He added that it has also become clear that policies of force have failed and will continue to fail in eliminating the Palestinian cause.

    All they have achieved is to worsen the situation with more tragedy, bitterness, a sense of injustice, and horrific scenes of death and destruction that will remain etched in the memory of people around the world, His Excellency continued.

    The horrors of this war and its political failure prove that there is no alternative to a just and comprehensive settlement of the Palestinian cause, he said, adding that the key lies in acknowledging the historical injustice suffered by the Palestinian people and applying long-overdue justice, delayed for nearly eighty years.

    The State of Qatar, based on its unwavering support for peace, affirms its full support for the objectives of this conference and its keenness to play an active role in ensuring its success and enhancing the chances of a peaceful solution in the Middle East, His Excellency said, noting that the State of Qatar co-chaired the conference’s third working group, which is concerned with the topic of “Narratives of Peace.”

    His Excellency explained that this team addressed important topics and concluded with priority principles and proposals that contribute to the success of the conference’s overall objective. In order to create a conducive environment for achieving sustainable peace, there is a need to promote positive narratives that support peace between the two sides, based on rejecting violence, renouncing inflammatory rhetoric, and confronting attempts to dehumanize the other side, he added.

    HE the Prime Minister and Minister of Foreign Affairs reaffirmed the State of Qatar’s steadfast position in support of a peaceful resolution to the Palestinian cause, in accordance with international law, UN resolutions, and the two-state solution, being the only viable option to end the conflict and achieve a comprehensive and just peace.

    He added that from this standpoint, Qatar calls for a clear and unified international stance that opposes all practices that obstruct negotiations and the chances of achieving a just and lasting peace. In this context, His Excellency welcomed the recognition of the State of Palestine within the borders of June 4, 1967, encompassing the West Bank and Gaza Strip by several countries, describing such recognition as a crucial step toward achieving both regional and international peace and stability.

    His Excellency also reiterated the State of Qatar’s welcome of the French Republic’s commitment to recognize the State of Palestine this coming September.

    HE the Prime Minister and Minister of Foreign Affairs considered that the convening of this conference represents a collective international will to move from words to actions, and to genuinely contribute to advancing the peaceful resolution of the Palestinian Cause in all its dimensions.

    His Excellency pointed out that the international community bears a key responsibility in creating the right conditions for a durable and just resolution, including restoring the relevance of international legitimacy following this devastating war, and providing the necessary political, economic, and humanitarian support.

    HE the Prime Minister and Minister of Foreign Affairs expressed the State of Qatar’s hope that this conference will mark a turning point, leading to tangible commitments that go beyond declarations and stances, and paving the way for concrete steps toward the implementation of the two-state solution, which would guarantee a just, comprehensive, and lasting resolution to the conflict as well as contributing to peace, security, and stability throughout the region.

    At the beginning of his statement, His Excellency expressed sincere appreciation to HE President of the French Republic Emmanuel Macron and HRH Crown Prince and Prime Minister of the Kingdom of Saudi Arabia Prince Mohammed bin Salman bin Abdulaziz Al Saud, for their initiative in organizing this historic conference under the auspices of the United Nations, addressing one of the oldest unresolved peace and security issues and one of the last vestiges of colonial injustice still on the international agenda.

    MIL OSI Africa –

  • MIL-OSI Russia: Leading Israeli Human Rights Groups Accuse Israel of Committing Genocide in Gaza

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    An important disclaimer is at the bottom of this article.

    Source: People’s Republic of China – State Council News

    JERUSALEM, July 29 (Xinhua) — Two prominent Israeli human rights organizations, B’Tselem and Physicians for Human Rights in Israel (PHRI), on Monday released separate reports claiming for the first time that Israel is committing genocide in the Gaza Strip.

    B’Tselem’s report says Israel’s military offensive on Gaza, which has lasted more than 21 months, has been accompanied by mass killings, both directly and by creating uninhabitable conditions.

    This is compounded by mass arrests and abuse of Palestinians in Israeli prisons, which have effectively become torture camps, the report says, adding that Israel is also responsible for the destruction of Gaza’s social fabric, including the destruction of Palestinian educational and cultural institutions.

    The report said it concluded that Israel was committing genocide against Palestinians in the Gaza Strip.

    A second report by PHRI says there is a “deliberate and gradual dismantling of Gaza’s health system and with it the population’s ability to survive.” It says this amounts to genocide.

    The document also says that since October 2023, Israel has attacked 33 of 36 hospitals and clinics in the Gaza Strip, depriving them of fuel and water.

    Dozens of people are reported to be dying every day from malnutrition. At least 85 children have died from starvation, and 92 percent of infants aged six months to two years are not receiving adequate nutrition.

    The report says Israel has displaced nine out of every 10 Gazans, destroyed or damaged 92 percent of homes and left more than half a million children without schools or stability.

    Both organizations called on the international community to stop Israel’s offensive to prevent further loss of life in Gaza.

    Israeli government spokesman David Menser on Monday rejected accusations of genocide as baseless, saying Israel had sent 1.9 million tons of humanitarian aid, mostly food, to Gaza.

    According to him, the human rights activists’ reports are an attempt to deprive Israel of the right to self-defense against the Hamas movement. –0–

    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: Falcon Oil & Gas Ltd. – Notice of Annual General and Special Shareholder Meeting and Management Information Circular

    Source: GlobeNewswire (MIL-OSI)

    Falcon Oil & Gas Ltd.
    (“Falcon”)

    Notice of Annual General and Special Shareholder Meeting and Management Information Circular

    29 July 2025 – Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) will hold its Annual General and Special Shareholder Meeting at the Conrad Hotel, Earlsfort Terrace, Dublin 2, Ireland on 27 August 2025 at 11:00 a.m. (Dublin time). A complete notice and related documents are now available on SEDAR+ at www.sedarplus.ca and Falcon’s website at www.falconoilandgas.com and are being sent to shareholders of record as at 21 July 2025.

    Ends.

    For further information, please contact:

    CONTACT DETAILS:

    Falcon Oil & Gas Ltd.          +353 1 676 8702
    Philip O’Quigley, CEO +353 87 814 7042
    Anne Flynn, CFO +353 1 676 9162
     
    Cavendish Capital Markets Limited (NOMAD & Broker)
    Neil McDonald / Adam Rae +44 131 220 9771

    About Falcon Oil & Gas Ltd.
    Falcon Oil & Gas Ltd. is an international oil & gas company engaged in the exploration and development of unconventional oil and gas assets, with the current portfolio focused in Australia, South Africa and Hungary. Falcon Oil & Gas Ltd. is incorporated in British Columbia, Canada and headquartered in Dublin, Ireland.

    For further information on Falcon Oil & Gas Ltd. please visit www.falconoilandgas.com

    Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

    The MIL Network –

  • MIL-OSI NGOs: Plastic Greenpeace report exposes petrochemical giants’ campaign to derail Global Plastics Treaty A report released today by Greenpeace UK reveals how the Global Plastics Treaty is under threat from some of the world’s largest petrochemical companies who have been systematically lobbying against… by Alexandra Sedgwick July 29, 2025

    Source: Greenpeace Statement –

    A report released today by Greenpeace UK reveals how the Global Plastics Treaty is under threat from some of the world’s largest petrochemical companies who have been systematically lobbying against cuts to plastic production while generating massive profits from their growing plastics business. The report reveals that since the treaty talks began in November 2022, seven companies alone have produced enough plastic to fill 6.3 million rubbish trucks – equivalent to five and a half trucks every minute. 

    The report – ‘Plastics, Profits and Power: How petrochemical companies are derailing the Global Plastics Treaty’ draws on data obtained from industry sources. It finds that that since the start of the treaty process, Dow, ExxonMobil, BASF, Chevron Phillips, Shell, SABIC and INEOS have ramped up their plastic production capacity by 1.4 million tonnes and sent a combined total of 70 lobbyists to negotiations, where they have also been represented by powerful industry front groups.  

    Dow alone has sent at least 21 lobbyists to negotiations whilst earning an estimated £3.4 billion from plastics. The report also states that INEOS, the UK’s largest plastics producer, has raised production capacity by more than 20% and is investing £3.5 billion in Project ONE, set to become Europe’s biggest plastics plant in Antwerp, Belgium.

    The Greenpeace UK report comes just days before governments meet in Geneva, Switzerland, in the final round of treaty talks. The report reveals the tactics used by lobbyists to dominate negotiations, influence delegates, and block progress. It also highlights the lobbying by powerful trade associations at the talks, pushing industry-friendly positions while shielding corporate members from scrutiny.

    Anna Diski, the report’s author and Senior Plastics Campaigner with Greenpeace UK, said:

    “We all want to see a strong Global Plastics Treaty that turns the tide on plastic pollution. Our research shows that those with the most to lose from meaningful regulation are working hardest to obstruct it. We can’t allow the corporations who profit from plastic pollution to write the rules or we’ll end up with a toothless Treaty. It’s time to ban lobbyists from the Talks and for UN Member States to stand firm and support a strong Treaty.”

    According to CIEL, 220 fossil fuels lobbyists attended the fifth round of treaty negotiations in 2024 held in Busan, South Korea which ended without agreement. This made lobbyists the single largest delegation at the talks – more than the EU and its member states combined, outnumbering the delegates from the Scientists’ Coalition for an Effective Plastics Treaty by three to one. 

    Greenpeace is calling for at least a 75% reduction in plastic production by 2040 and is demanding that a strong conflict of interest policy be embedded in the treaty to prevent undue influence; negotiations must also prioritise those most affected by the plastics crisis, with space guaranteed for independent scientists, Indigenous Peoples, frontline communities and civil society groups, all of whom should all be able to play a role in shaping and implementing the treaty.  

    Ends.

    Contact:

    Greenpeace UK Press Office – press.uk@greenpeace.org or +44 7377 730878 / +44 20 7865 8255

    The report is available here 

    A photo gallery of images associated with the report is available in the Greenpeace Media Library

    Notes: 

    The INC5.2 summit to agree a Global Plastics Treaty will run from 5-14 August 2025 in Geneva, Switzerland. Greenpeace will be present with an international delegation of 30 people representing Africa, Southeast and East Asia, Middle East and North Africa, Europe, Canada, Colombia and the US.  The delegation will use its extensive policy and legal experience and government relationships to push for greater ambition in the treaty process, particularly on the critical issue of delivering legally binding cuts to plastic production. 

    Greenpeace UK’s analysis is based on estimated global production figures for polypropylene (PP) and polyethylene (PE) for November/December 2022, 2023 and 2024 financial years, for Dow, ExxonMobil, BASF, Chevron, Shell, SABIC and INEOS, produced by Market Research Future (data available on request). This estimate covers two of the world’s most widely-used polymers, commonly found in packaging and consumer goods. It excludes other major plastic types such as PET and polystyrene, and excludes 2025 production data even as treaty talks continue into this year. As such, the final figure is presented as an underestimate of total plastic production during this time. To calculate the plastic volume in rubbish truck equivalents, Greenpeace UK used the standard capacity of a UK refuse truck, which holds approximately 12 metric tonnes of plastic waste.

    All of the companies mentioned in this report were given the opportunity to reply to the findings, none responded.

    MIL OSI NGO –

  • MIL-OSI: Ransomware Surges as Attempts Spike 146% Amid Aggressive Extortion Tactics

    Source: GlobeNewswire (MIL-OSI)

    Key Findings:

    • Ransomware attacks blocked by the Zscaler cloud rose 146%, the sharpest spike observed in the past three years.
    • Public extortion cases jumped by 70% based on data leak site analysis.
    • Data exfiltration volumes increased 92%.
    • Manufacturing, Technology, and Healthcare were the top targeted industries, and the Oil & Gas sector experienced a 935% increase in attacks.

    SAN JOSE, Calif., July 29, 2025 (GLOBE NEWSWIRE) — Zscaler, Inc. (NASDAQ: ZS), the leader in cloud security, today published its annual Zscaler ThreatLabz 2025 Ransomware Report. The report examines the latest trends shaping the ransomware threat landscape, revealing how attacks are adapting and escalating. It highlights the most targeted sectors and regions, profiles the most active ransomware families, analyzes shifting attack methodologies, and provides actionable recommendations to help organizations strengthen their defenses. ThreatLabz’s findings underscore the critical importance of organizations adopting a comprehensive Zero Trust Everywhere strategy. This approach is essential to prevent ransomware and other malicious threats from lateral movement and compromising sensitive user data, applications, and information.

    “Ransomware tactics continue to evolve, with the growing shift toward extortion over encryption as a clear example,” said Deepen Desai, EVP Cybersecurity, Zscaler. “GenAI is also increasingly becoming part of the ransomware threat actor’s playbook, enabling more targeted and efficient attacks. As threats advance, security measures must keep pace. The Zscaler Zero Trust Exchange™ platform empowers organizations to shrink their attack surface, identify and block initial compromise threats, prevent lateral movement, and stop data exfiltration to shut down extortion events before they happen.”

    Data Demand Fuels Steady Attack Growth
    Ransomware attacks are intensifying at an alarming rate, with attempted attacks blocked in the Zscaler cloud up 146% year-over-year. This escalation reflects a strategic shift: ransomware groups are increasingly prioritizing extortion over encryption. Accordingly, the report details a 92% increase in the total volume of exfiltrated data by 10 major ransomware groups in the past year, rising from 123 TB to 238 TB. This emphasis on data theft—and the threat of exposure—allows attackers to exert greater pressure on victims, amplifying the impact of ransomware on organizations globally.

    Industries Under Siege
    Cybercriminals continue to focus on the high-stakes environments of the Manufacturing (1,063 attacks), Technology (922), and Healthcare (672) sectors, making them the most frequently hit by ransomware over the past year. These industries are particularly vulnerable due to the potential for operational disruption, the sensitivity of stolen data, and the associated risks of reputational damage and regulatory fallout.

    The Oil & Gas sector has seen a staggering increase in ransomware attacks, spiking over 900% year-over-year. This surge is likely a result of increased automation of systems that control critical infrastructure, including drilling rigs and pipelines, expanding the sector’s attack surface, coupled with outdated security practices.

    United States Is the Target of Half of All Ransomware Attacks
    Leak site data highlights a distinct geographic disparity, with victims in the United States accounting for 50% of ransomware attacks, significantly outpacing Canada (5%) and the United Kingdom (4%). Ransomware attacks in the U.S. more than doubled to 3,671, exceeding the combined total number of attacks reported across all other countries in the top 15 most-targeted countries. This concentration demonstrates how threat actors continue to strategically target digitally concentrated, high-value economies.

    Ransomware Groups Driving the Surge
    Several highly active groups continued to dominate the ransomware ecosystem, with RansomHub leading the pack, claiming the highest number of publicly named victims at 833. Akira and Clop have both moved up in the ransomware attack rankings since last year. Akira, associated with 520 victims, has steadily expanded its reach through numerous affiliates and initial access brokers. Clop, known for its focus on supply chain attacks, is close behind with 488 victims, employing an effective strategy of exploiting vulnerabilities in commonly used third-party software.

    Zscaler ThreatLabz identified 34 newly active ransomware families over the past year, bringing the total number tracked to 425 since their research began, and has a public GitHub repository that now hosts 1,018 ransomware notes, with 73 added in the last year.

    How Zscaler Stops Ransomware with Zero Trust + AI
    Ransomware flourishes in environments with fragmented security, limited visibility, implicit trust, and outdated legacy architectures that amplify risk rather than reduce it. The Zscaler Zero Trust Exchange mitigates these risks by replacing traditional, network-centric models with a cloud-native, AI-driven zero trust architecture, and stops ransomware at every stage of the attack life cycle by:

    • Minimizing the attack surface
    • Preventing initial compromise
    • Eliminating lateral movement
    • Blocking data exfiltration

    Additional AI-powered ransomware protections from Zscaler include:

    • Breach prediction
    • Phishing and C2 detection
    • Inline sandboxing
    • Zero Trust Browser
    • Segmentation
    • Dynamic, risk-based policy
    • Data discovery and classification
    • Data loss prevention (DLP) controls

    Download the Report
    Get the full ThreatLabz 2025 Ransomware Report to explore how Zscaler ThreatLabz plays an active role in protecting enterprises worldwide. Download today.

    Research Methodology
    The research methodology for this report is a comprehensive process that uses multiple data sources to identify and track ransomware trends. The ThreatLabz team collected data between April 2024 and April 2025 from sources including the Zscaler global security cloud, and the team’s own analysis of ransomware samples and attack data.

    About ThreatLabz
    ThreatLabz is the security research arm of Zscaler. This world-class team is responsible for hunting new threats and ensuring that the thousands of organizations using the global Zscaler platform are always protected. In addition to malware research and behavioral analysis, team members are involved in the research and development of new prototype modules for advanced threat protection on the Zscaler platform, and regularly conduct internal security audits to ensure that Zscaler products and infrastructure meet security compliance standards. ThreatLabz regularly publishes in-depth analyses of new and emerging threats on its portal, research.zscaler.com.

    About Zscaler
    Zscaler (NASDAQ: ZS) accelerates digital transformation so customers can be more agile, efficient, resilient, and secure. The Zscaler Zero Trust Exchange™ platform protects thousands of customers from cyberattacks and data loss by securely connecting users, devices, and applications in any location. Distributed across more than 160 data centers globally, the SASE-based Zero Trust Exchange is the world’s largest in-line cloud security platform.

    Media Contact:
    Nick Gonzalez
    press@zscaler.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/b92c9822-3941-45ec-8aa1-87defcd57281

    The MIL Network –

  • MIL-OSI United Nations: 29 July 2025 Departmental update WHO urges urgent action ahead of COP30 at global climate and health conference in Brasília

    Source: World Health Organisation

    The World Health Organization (WHO), together with the Government of Brazil and the Pan American Health Organization (PAHO), will host the 2025 Global Conference on Climate and Health in Brasília, Brazil, from 29– 31 July 2025. This critical event is an official pre-COP30 meeting and comes at a pivotal time as climate change increasingly threatens global health. It offers a key platform for advancing bold and equitable climate-health solutions. The Conference is also the second meeting of the Alliance for Transformative Action on Climate and health (ATACH).

    For over 25 years, WHO has warned that climate change poses a direct threat to human health,” said Dr Maria Neira, Director, Department of Environment, Climate Change and Health at WHO. “The danger is no longer theoretical –  it is a lived reality. Climate change is fuelling a health crisis and threatens to undo decades of global health progress.

    Conference goals

    The Brasília Conference will help chart a clear course toward COP30 and beyond. 

    Main expected outcomes include:

    • concrete inputs to the draft Belém Health Action Plan, a roadmap for embedding health into global climate policy;
    • national commitments under ATACH to support the implementation of the Belém Health Action Plan;
    • defined pathways for promoting health as a core pillar of climate action in the lead-up to COP30; and
    • scientific deliverables to support health-informed climate policies and implementation.

    “The impacts of climate change affect primarily the most vulnerable, who are an absolute priority for the Brazilian government. That’s why we are building concrete solutions, with social participation and a commitment to the planet’s future” said Alexandre Padilha, Minister of Health, Brazil. “This conference is a response to the call from the COP30 Presidency for a major global task force that brings together different sectors to formulate the health action plan that Brazil will present in Belém, proving that it is possible to integrate health and climate with real, innovative solutions that have a direct impact on people’s lives.”  

    WHO is working closely with the COP30 Presidency to ensure that health remains central to all climate negotiations. The Conference will spotlight strategies for building resilient health systems, promoting sustainable and low-carbon health systems, and reinforcing the link between climate, biodiversity, air quality, and public health.

    After years of commitments, the moment for action is now. WHO is calling on all countries to dramatically scale up investments in climate-health mitigation, adaptation, and resilience.

    Attendance at the event is by invitation only. More details can be found on the event page. 

    “To address the consequences of climate change and promote health and well-being for all, it is essential to place populations and territories in situations of vulnerability at the centre of our actions, since they bear the brunt of climate impacts but are the least responsible for it,” said Dr Gerry Eijkemans, Director of PAHO’s Department of Social and Environmental Determinants for Health Equity.

    High-level participants from across the globe

    The Conference will bring together ministers, scientists, civil society, and international organizations from around the world, and will also serve as the annual in-person meeting of the WHO-hosted Alliance for Transformative Action on Climate and Health (ATACH), the largest platform bringing together over 90 countries and partners aiming to advance climate change and health implementation at country level. It will be held in-person in Brasília, with main plenary sessions live-streamed for global participation. 

    WHO emphasizes that human health, the environment, and the climate are inseparably connected, and failure to act decisively on climate change could lead to widespread health catastrophes. Rising temperatures, extreme weather, and worsening air pollution already cause millions of deaths and undermine global health systems. But coordinated action can still reverse this trajectory.

    The WHO will launch its 7th Global Evidence Review on Health and Migration (GEHM) report – focused on the health of migrants in the context of climate change – on Tuesday, 28 July.

    Join the online launch event

    MIL OSI United Nations News –

  • MIL-OSI United Nations: 29 July 2025 Departmental update Community innovation leads the way at 2025 Global Conference on Climate and Health through “Ideas Labs”

    Source: World Health Organisation

    As the world braces for increasingly complex climate and health challenges, local innovations, Indigenous knowledge, and community-rooted practices take centre stage at the 2025 Global Conference on Climate and Health, co-hosted by the Government of Brazil, WHO, and PAHO, from 29 to 31 July in Brasília. 

    A key feature of the Conference, the Ideas Lab, spotlights a bold new wave of thinking and doing, showcasing pioneering efforts that span from predictive malaria mapping and clean air advocacy to artificial intelligence and sustainable healthcare. Designed to complement the official programme, the Ideas Lab serves as a platform to amplify innovative local and Indigenous knowledge, youth-led and technological solutions, and cross-sector policy approaches that link climate action with better health outcomes. 

    Over three days, participants are presenting replicable solutions that will inform and bolster the forthcoming Belém Health Action Plan across three key tracks: 1) Health Surveillance and Monitoring, 2) Evidence-Based Policy and Capacity Building, and 3) Innovation and Production.  

    “The Ideas Lab is about more than showcasing innovations. It’s about equity, participation, and policy relevance,” said Dr Maria Neira, Director, Department of Environment, Climate Change and Health, World Health Organization. “These sessions create space for communities to speak for themselves, to be heard, and to input into the COP30 process to put health at the heart of climate decisions.” 

    Ideas Lab contributors span Community-Based Organizations to universities, specialist networks to NGOs, with representation from across the globe.  

    Sessions include, among others:  

    • Mapping Toxic Transfers in Uganda: A cross-disciplinary project using geospatial tools, water testing, and health data to trace the impacts of climate-induced flooding on community health, while informing safe water and infrastructure policy. 
    • Predictive Modelling for climate-driven malaria dynamics: A predictive malaria system combining climate and health data to trigger targeted community interventions, co-led by women’s groups and rooted in local knowledge for urbanizing African Regions. 
    • Innovative Financing for Health Resilience: From Brazil to Indonesia, examples of blended capital solutions offer a roadmap to close the climate-health financing gap, especially critical for countries facing dwindling development aid. 
    • Adapting Health Supply Chains: A dialogue on how to future-proof the multitrillion-dollar health supply chain for climate resilience, equity, and sustainability. 
    • The Right to Clean Air: From Brazil to Australia and the pacific, inviting solidarity between communities experiencing escalating threats to air quality, health and cultural survival.  
    • AI for Climate-Resilient Health Systems: Showcasing how the Global South is pioneering artificial intelligence to strengthen pandemic preparedness and deliver culturally relevant, sustainable health interventions across 20 countries. 
    • Intergenerational dialogue plays a key role in transforming One Health ideas into concrete, sustainable actions and real-time solutions, where mechanisms for youth engagement in One Health can be adjusted to the needs and wants of each setting and context.

    Equity is at the heart of the Global Conference and equitable solutions are highlighted throughout the Ideas Lab, with sessions exploring how climate change disproportionately impacts women, migrants, Indigenous peoples, and youth, and how these groups are also leading in climate and health action. Examples include the Emerge Study which examines the relationship between climate extremes, forced migration, and health in Latin America, and how migration can be supported as an adaptive strategy, and Youth for One Health, a proposal that is grounded in intergenerational justice and builds on youth councils globally to advocate for biodiversity, planetary health, and green cities. 

    Towards COP30: From dialogue to delivery 

    The Ideas Lab will feed directly into conference outcomes and COP30 preparations, helping generate actionable tools and knowledge products that can be adapted by countries, particularly through the Belém Health Action Plan. By fostering participation across regions and sectors, it aims to seed long-term collaboration across and between climate change action and human health. 

    MIL OSI United Nations News –

  • NISAR set to transform earth science with ISRO-NASA collaboration

    Source: Government of India

    Source: Government of India (4)

    The first images of Earth were captured in 1946 through a motion camera picture. The world stood still from far above while its floor held the chaos on its surface and beneath all the land. Almost eight decades from then, the world will now see what is on and under Earth in remarkable detail, all thanks to the collaborative project between ISRO and NASA called “NISAR.” Slated to be launched on July 30 from India’s Satish Dhawan Space Center,the mission is set to change the course of how we see this planet.

    What exactly is NISAR?

    NISAR (NASA-ISRO Synthetic Aperture Radar) aims to monitor Earth’s surface using advanced radar imaging. A three-dimensional view of Earth will be generated through the two radars of NISARthat will be able to track changes in the surface with accuracy of a fraction of an inch. This project, which cost around $1.4 billion, is more than just a testament of collaboration between NASA and ISRO but a scientific marvel in itself. NISAR is the most advanced radar system that will generate around 80 terabytes of data per day. That is equivalent to one hundred and fifty hard drives that can store 512 GB. This is the maximum amount of data that will be generated per day by any Earth satellite that has ever been launched by NASA or ISRO. TheS-Band Radar of NISAR was developed by ISRO’s center in Ahmedabad, and the L-Band Radar was produced by NASA in Southern California. The labelling “L and S Band” is attributed to the microwave bandwidth regions from which the radar will collect the data.

    How will this data from NISAR change things for scientists?

    NISAR will map changes on the surface of Earth.Broadly, the applications can be seen in natural hazard monitoring, assessment of sea, ice, and glaciers, and also in crop management. The satellite will be able to see through clouds, rain, and in both day and night. The data will be able to provide insights into the time of glacial melting and provide unprecedented coverage ofAntarctica. Moreover, through NISAR, it will be possible to identify the parts of fault lines that move slowly and detect land movement essential for understanding and detecting earthquakes. Earthquakes have damaged large dams, like Koyna in 1967 and Shih-Gang in 1999, due to shaking or fault movement. NISAR satellite data can help prevent such failures by mapping ground shifts and fault risks with high precision.

    The satellite will be used for ecosystem monitoring for land and ice-covered surfaces twice every twelve days and will also include parts of Earth that were not monitored so rigorously and with such frequency in the past. From forest canopies to croplands and from ice melts to land movements, NISAR will cover everything. Such detailed monitoring with advanced radar systems will thus paint a fresh picture of the planet in front of scientists. The data collected by NISAR is open access and is expected to unravel details of land movement and of ecosystems that may provide novel insights.From scientists to policymakers, this data will revolutionize our understanding of the planet.

    Space Diplomacy and India’s new chapter in space

    The NISAR project is critical to the US and India’s pioneering year of civil space cooperation. It was only in February 2025 when PM Modi visited the US and met President Donald Trump; the leaders hailed 2025 as a pioneering year for the U.S.-India civil space cooperation. The cooperation saw a bright beginning with the AXIOM Mission where Indian astronaut Shubhanshu Shukla traveled to space in a collaborative mission with NASA, making him only the second after Rakesh Sharma after a gap of almost four decades. It is clear that India is scripting a new chapter in space diplomacy, and it is not restricted only to the USA. ISRO has ongoing collaborative missions with other countries like France,Japan, Australia, Russia, Italy, and Europe. Given the success rate of ISRO, it has also become a key player in foreign launches with 433 foreign satellite launches from 34 countries. ISRO is pioneering space diplomacy through strategic international collaborations, fostering global cooperation and scientific advancement. By sharing expertise, resources, and satellite data, ISRO enhances global space research, promotes peaceful exploration, and positions India as a leader in space diplomacy.

    Radar, Real-Time, and Responsibility

    The NISAR mission marks a monumental leap in Earth observation, uniting ISRO and NASA in a shared vision to unravel our planet’s dynamic processes. By delivering unprecedented radar data, NISAR will empower scientists and policymakers to tackle climate change, natural disasters, and sustainable resource management with newfound precision. Beyond its scientific impact, the mission underscores India’s growing stature in space diplomacy, forging global partnerships that advance peaceful exploration and collective knowledge. As ISRO continues to collaborate with nations like the U.S., France, and Japan, NISAR stands as a beacon of innovation, cooperation, and India’s leadership in shaping the future of space exploration.

    (Pooja Mishra is a Content Researcher at DD India)