Category: Artificial Intelligence

  • MIL-OSI Russia: 90 promising projects selected for the Moscow Innovator competition

    Translation. Region: Russian Federal

    Source: Moscow Government – Government of Moscow –

    Over five thousand participants registered to take part in the Moscow Innovator competition. Based on the results of an independent innovative-technological, scientific, legal and economic assessment, 90 most promising projects, the authors of which will present their solutions to industry experts on July 14.

    The Moscow Mayor’s Competition is aimed at those who offer real technologies of the future — from crop protection without chemicals to systems against voice deepfakes. Its participants are young inventors, startup teams, scientists, and students. Thanks to the competition, science-intensive projects can attract partners, investors, and help Muscovites.

    Competition nominations

    Participants of the “Moscow Innovator” competition compete in three nominations. These are “Project of the Future” – ideas at the prototype stage (prize – from 100 to 500 thousand rubles), “Reality Changers” – MVP and ready-made models (prize – from 150 thousand to one million rubles), “Innovation Leaders” – finished products with revenue and with a created legal entity (prize – from 200 thousand to 1.5 million rubles).

    Each nomination includes six areas: improvement and construction, industry, medicine and pharmaceuticals, transport and logistics, ecology and environmental protection, public projects. On July 14, the participants will present their developments at a demoday. Based on the results of the final defense, the expert committee will select 36 winners and prize winners, who will be awarded the Moscow Mayor’s Prize.

    Finalist projects

    Some finalists have made real technological breakthroughs. Among them is CropPhage, a biogel with bacteriophages that protects fruits from pathogenic bacteria without harming people. It extends the shelf life of fruits and vegetables for retailers, and also helps farmers prevent seed infections. The drug is still in development, but has already proven its effectiveness: phages act precisely and remain effective for more than seven days. This is an alternative to chemicals that can reduce food losses and their price.

    Another development is Kolobox, a mobile application that saves food from being thrown away. Cafes and bakeries place surprise boxes with sets of ready-made meals at a discount of up to 70 percent. Users take away tasty and cheap food without knowing in advance what is inside. This has become the service’s specialty. 700 establishments have already connected to it, and 7.5 tons of food have been saved in nine months.

    Among the developments is a smart app for apartment maintenance called Tools. Using a photo, you can get a forecast: where a pipe might leak or an outlet might break down soon. All this is recorded in a digital technical passport of the home. Thus, the AI service helps with accepting an apartment, renting it out, and arranging insurance.

    In addition, one of the finalist projects is BlockPrint, a 3D printing technology for houses. The panels, like Lego, are printed on a printer and assembled on site. This allows you to save energy, quickly and without harm to the environment to build a house. The solution is suitable for eco-villages, temporary housing and the development of new areas.

    The development of the Moscow State University named after M.V. Lomonosov — an intelligent system for scanning urban air — is also in the final. Special sensors are installed on trams and electric buses, creating a map of Moscow’s air pollution in real time. This allows monitoring the environmental situation in the capital and responding to its deterioration in a targeted and prompt manner.

    Another solution that made it to the final was “Barn Owl” — an artificial intelligence that can distinguish a deepfake from a real voice. The technology has already been tested: it recognizes fakes in calls with an accuracy of up to 99 percent. The development is suitable for banks, telecom operators, and security services.

    The finalists’ developments also include monitoring of urban infrastructure based on a fiber-optic distributed sensor — high-tech sensors on already laid fiber-optic lines. They track leaks, dips, voids, vibrations and can prevent accidents. Suitable for metro, roads and tunnels.

    Paper sorbent for oil spill response — developed by the Russian State University of Oil and Gas named after I.M. Gubkin — is a budget tool for collecting oil spills. This solution can be used both in the city and at offshore fields. The sorbent is made from recycled paper, absorbs better than its analogues and does not harm the environment.

    The Moscow Innovator competition has been held since 2020, and over 16,000 people have taken part in it. 174 projects won prizes, sharing over 100 million rubles. The list of the 90 best projects can be found at the link.

    Get the latest news quicklyofficial telegram channel the city of Moscow.

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    Please Note; This Information is Raw Content Directly from the Information Source. It is access to What the Source Is Stating and Does Not Reflect

    https: //vv.mos.ru/nevs/ite/156039073/

    MIL OSI Russia News

  • MIL-OSI Russia: Applications are now open for participation in the Digital Transformation Leaders competition

    Translation. Region: Russian Federal

    Source: Moscow Government – Government of Moscow –

    The capital is now accepting applications for participation in the Moscow Mayor’s project “Leaders of Digital Transformation”. Russian and foreign IT specialists over 18 years old can join the hackathon – a developer competition. Online registration will be held until September 18. This was reported by Natalia Sergunina, Deputy Mayor of Moscow.

    “The participants will unite into teams and offer their digital solutions for one of 20 tasks – they will be prepared by city departments and large companies. For example, the contestants will have to create an assistant based on a neural network to work with a large volume of data,” said Natalia Sergunina.

    Other tasks include developing a medical service using artificial intelligence and an electronic system for determining the coordinates of real estate objects from photographs.

    The projects will be prepared and expertly assessed online. The 200 strongest teams will advance to the final stage.

    The total prize fund of the hackathon is 40 million rubles. The winning teams will receive one million rubles, and those who take second and third places will receive 600 and 400 thousand rubles, respectively.

    The Digital Transformation Leaders competition has been held since 2019. During this time, more than 40 thousand people took part in it. They developed 2.2 thousand promising solutions, based on which more than 60 startups were launched.

    Last year, the Digital Transformation Leaders project became a laureate International Award in the field of modern technologies Global Innovation

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    Please Note; This Information is Raw Content Directly from the Information Source. It is access to What the Source Is Stating and Does Not Reflect

    https: //vv.mos.ru/nevs/ite/156063073/

    MIL OSI Russia News

  • MIL-OSI: Atos successfully supported UEFA Under21 Championship 2025™

    Source: GlobeNewswire (MIL-OSI)

                                                                    Press Release

    Atos successfully supported UEFA Under21 Championship 2025

    Next-Gen technologies for Next-Gen players

    Paris, France – July 1st, 2025 – Atos, the Official Information Technology Partner of UEFA National Team Football, has delivered key IT services and applications support for the UEFA Under21 Championship 2025, that took place from June 11 to June 28, 2025, in Slovakia. This championship, which brings together 16 European teams, is the tournament where countless football legends started their journey on the global stage.

    Atos supported a total of 31 matches in 17 days, taking place across 8 cities Slovakia. The services provided included:

    • Event Management systems including accreditation, access control solutions, competitions solutions, radio communication and service desk services.
    • Diffusion system like the football service platform, the mobile app, the website including some embedded gaming functionalities such as match predictor and quiz about competitions.
    • End-to-end cybersecurity services, from compliance and threat intelligence to on-the-ground and hybrid-cloud security.

    This year’s championship has proven to be an immense popular success, establishing new records regarding physical attendance with a total of 244,866 spectators, as illustrated by Atos employees that enthusiastically attended the games. The final broke the record for stadium attendance at over 18,000 fans watching in Bratislava. TV audiences set a new standard for the competition, with a cumulated audience of over 100 million. Ahead of the final, across all competing markets domestic match audiences have seen a 7% increase, and across the Top 6 markets domestic audiences have increased by 55%, thanks to strong audiences in Germany and UK. Digital audience, page views and applications visits, are also expected to establish new heights for the tournament.

    In addition to the key services provided, Atos is proudly supporting the next generation of players and rising stars of European Football with advanced technologies that can be used by coaches to further develop their players and teams’ skills and abilities. The data collected during the tournament are, for example, consolidated through AI to extract and define main strategies and new trends that appeared during the competition, allowing for a deeper understanding of the players and game’s evolution.

    We feel privileged to have witnessed first-hand the emergence of the next football stars at the UEFA Under21 Championship in Slovakia. We made sure to deliver best-in-class IT services during the tournament to allow these young players to enter the global stage and express their incredible potential in the best possible conditions” said Nacho Moros, Head of Atos Major Events.

    In addition to marking a coming-of-age moment for some of the most exceptional playing careers, the Under21 championship is also the gateway to the Olympic Games men’s tournament.

    Since the beginning of their collaboration in 2022, Atos and UEFA have established a strong partnership. Atos has been supporting UEFA daily in managing, enhancing, and optimizing its complex technology ecosystem while helping it navigate emerging technological challenges. Atos has also been instrumental in making the UEFA EURO 2024™ a tremendous success, as well as most recently in successfully delivering IT services for the UEFA Nations League Finals™ 2025 in Germany.

    Atos has been serving its partners and customers through a dedicated in-house sports and major events division (“Major Events”) for over 3 decades, giving it an unmatched experience and the experience and flexibility to serve its customers regardless of their exposure, size and scale. From global events to local competitions, Atos consistently strives to deliver technology excellence to its entire customer base. 

    Atos has been involved with the Olympic Movement since 1992 and the Paralympic Movement since 2002 and is the official Digital partner for Special Olympics International. Most recently, Atos has been instrumental in delivering successful leading-edge IT services for iconic events such as the Olympic and Paralympic Games Paris 2024 or inspiring events such as the Invictus Games Vancouver 2025 or the Special Olympics Torino Winter Games 2025. 

    To learn more about Atos solutions for sporting events and major events, visit  Atos Major events. 

    ***

    About Atos Group

    Atos Group is a global leader in digital transformation with c. 72,000 employees and annual revenue of c. € 10 billion, operating in 68 countries under two brands — Atos for services and Eviden for products. European number one in cybersecurity, cloud and high-performance computing, Atos Group is committed to a secure and decarbonized future and provides tailored AI-powered, end-to-end solutions for all industries. Atos is a SE (Societas Europaea) and listed on Euronext Paris.

    The purpose of Atos is to help design the future of the information space. Its expertise and services support the development of knowledge, education and research in a multicultural approach and contribute to the development of scientific and technological excellence. Across the world, the Group enables its customers and employees, and members of societies at large to live, work and develop sustainably, in a safe and secure information space.

    Press contact

    Laurent Massicot – laurent.massicot@atos.net – 33 (0)7 69 48 01 80

    Attachment

    The MIL Network

  • MIL-OSI: Golar LNG Limited – Q2 2025 results presentation

    Source: GlobeNewswire (MIL-OSI)

    Golar LNG’s 2nd Quarter 2025 results will be released before the NASDAQ opens on Thursday, August 14, 2025. In connection with this a webcast presentation will be held at 1:00 P.M (London Time) on Thursday August 14, 2025. The presentation will be available to download from the Investor Relations section at www.golarlng.com

    We recommend that participants join the conference call via the listen-only live webcast link provided. Sell-side analysts interested in raising a question during the Q&A session that will immediately follow the presentation should access the event via the conference call by clicking on this link. We recommend connecting 10 minutes prior to the call start. Information on how to ask questions will be given at the beginning of the Q&A session. There will be a limit of two questions per participant.

    a. Listen-only live webcast link
    Go to the Investors, Results Centre section at www.golarlng.com and click on the link to “Webcast”. To listen to the conference call from the web, you need to have a sound card on your computer, but no special plug ins are required to access the webcast.  There is a “Help” link available on the webcast pages for anyone who may have issues accessing.

    b. Teleconference

    Conference call participants should register to obtain their dial in and passcode details. This process eliminates wait times when joining the call.

    When you log in, you can either dial in using the provided numbers and your unique PIN, or select the “Call me” option and type in your phone number to be instantly connected to the call. Use the following link to register.

    Please download the presentation material from www.golarlng.com (Investors, Results Centre) to view it while listening to the conference.

    If you are not able to listen at the time of the call, you can assess a replay of the event audio for a limited time on www.golarlng.com (Investors, Results Centre).

    This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act

    The MIL Network

  • From Ghana to Brazil: PM Modi’s tour to cement South-South cooperation

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi is set to embark on a five-nation tour on Tuesday covering Ghana, Trinidad and Tobago, Argentina, Brazil and Namibia, marking an important push to strengthen India’s ties with Africa, Latin America and the Caribbean.

    First Indian PM visit to Ghana in three decades

    Prime Minister Modi will begin his tour with an official visit to Ghana on July 2 and 3- the first visit by an Indian Prime Minister to the West African nation in 30 years.

    The Ministry of External Affairs (MEA) said the visit holds special significance as Ghana’s President John Dramani Mahama recently assumed office after a decisive electoral victory. PM Modi and President Mahama, who share a history of engagement since the India-Africa Forum Summit in 2015, will discuss ways to deepen bilateral ties.

    Key areas on the agenda include agriculture, defence cooperation, critical minerals, and a possible vaccine hub to serve West Africa. India’s capacity-building initiatives like the ITEC programme have long contributed to Ghana’s human resource development. Officials expect the two sides to sign MoUs in areas such as traditional medicine, standards and cultural exchange.

    Trinidad and Tobago: marking 180 years of Indian arrival

    From July 3 to 4, PM Modi will visit Trinidad and Tobago, marking the first bilateral visit by an Indian Prime Minister since 1999. The visit coincides with the 180th anniversary of the arrival of Indian immigrants to the island nation, which hosts one of the largest Indian-origin communities in the Caribbean.

    In Port of Spain, PM Modi will hold wide-ranging discussions with President Christine Carla Kangaloo, and Prime Minister Kamala Prasad Bisessar, both of whom are of Indian origin. Talks will cover cooperation in pharmaceuticals, renewable energy, digital public infrastructure, agriculture, disaster resilience, education and culture.

    Highlighting the shared heritage, PM Modi will address a joint session of the Trinidad and Tobago Parliament and interact with the vibrant Indian diaspora.

    Argentina visit: tapping new opportunities

    PM Modi’s next stop will be Argentina on July 4 and 5 – the first standalone bilateral visit by an Indian PM to Argentina in nearly six decades.

    Officials said the visit is timely as Argentina pursues major economic reforms and offers new avenues for partnership. PM Modi will hold talks with President Javier Milei, focusing on boosting cooperation in defence manufacturing, digital technology, telemedicine, mining and renewable energy.

    Argentina’s vast reserves of lithium, copper and rare earths align with India’s push for secure and sustainable critical mineral supplies. India’s KABIL has already secured mining concessions in Argentina this year. Discussions will also cover food security, green energy, infrastructure, science and technology.

    Brazil: BRICS summit and bilateral talks

    PM Modi will then travel to Brazil to attend the 17th BRICS Summit in Rio de Janeiro on July 6 and 7. The theme for this year’s summit — “Strengthening Global South Cooperation for Inclusive and Sustainable Governance” — aligns with India’s foreign policy priorities.

    Leaders will deliberate on reforming global governance, peace and security, climate change and artificial intelligence. India expects key outcomes including a Leaders’ Declaration and frameworks for climate finance and socially determined diseases.

    On July 8, PM Modi will pay a state visit to Brasilia for bilateral talks with President Luiz Inácio Lula da Silva. India and Brazil will review trade ties, currently valued at $12.2 billion, and aim to push the target to $20 billion. Cooperation in oil and gas, renewable energy, critical minerals, defence, agriculture, traditional medicine, and digital public infrastructure are expected to feature prominently.

    Namibia: energy, minerals, digital pay on radar

    PM Modi will conclude his tour with a landmark visit to Namibia on July 9- the first by an Indian Prime Minister in 27 years.

    India has long supported Namibia’s independence struggle and has maintained strong economic ties. Trade stands at around $600 million, with Indian investments of nearly $800 million, mostly in minerals like zinc and diamonds.

    During the visit, PM Modi will hold bilateral talks with President Netumbo Nandi-Ndaitwah and address Namibia’s Parliament. A key highlight will be a technology agreement enabling unified payment interoperability between the two countries — deepening fintech and digital cooperation.

    Namibia’s reserves of uranium, copper, cobalt and rare earths, and recent oil discoveries make it an attractive partner as India diversifies its energy and mineral supplies. The Cheetah translocation project from Namibia to India’s Kuno National Park remains a symbol of trust and collaboration.

  • MIL-OSI USA: Representatives Garamendi, Randall, Begich, Malliotakis Launch Bipartisan Congressional Ferry Caucus to Improve Ferry Transportation

    Source: United States House of Representatives – Congressman John Garamendi – Representing California’s 3rd Congressional District

    The Public Ferry Coalition applauds the launch of the bipartisan Congressional Ferry Caucus, welcomes this important step in raising awareness of the vital role ferries play in transportation

    FAIRFIELD, CA – Yesterday, Representative John Garamendi (CA-08), announced the launch of the bipartisan Congressional Ferry Caucus for the 119th Congress, alongside co-chairs Representatives Emily Randall (WA-06), Nick Begich (AK-At Large), and Nicole Malliotakis (NY-11).

    This bipartisan caucus was created to advocate for the unique needs of communities where ferry transportation is essential. The Congressional Ferry Caucus aims to promote the benefits of and advocate for the long-term federal investment in public ferry systems, including marine, shoreside, and workforce needs. The Caucus will educate Members on the vital role ferries play in America’s transportation network, connecting both urban and rural communities to jobs, schools, health care, and recreation. The Ferry Caucus will serve as a platform to address the need for increased federal funding and improvements to these essential waterway transportation systems, from the San Francisco Bay to the Pacific Northwest to Alaska and New York.  

    “With rising sea levels and increasing congestion on our bridges, people are increasingly turning to ferry service as a reliable means of transportation. In my district, the San Francisco Bay Ferry is leading the way in groundbreaking projects to electrify their ferry boats and develop America’s first high-speed, high-capacity zero-emission vessels,” said Representative Garamendi. “I look forward to working with my colleagues on the Congressional Ferry Caucus to ensure this vital innovation can continue, and that these vessels are built in America by skilled American workers.”

    “Washington State’s ferry system isn’t just transportation infrastructure—our ferries are a lifeline for communities,” said Representative Randall. “From daily work commutes and medical appointments to connecting with loved ones, my constituents rely on these boats every day. Without reliable service, we face hours long drives just to reach Seattle—making daily life unnecessarily difficult for those living on the Peninsula. Ferries also bring visitors from around the world to experience the natural beauty and unique local businesses of our region, and without them, our local economies would struggle. I know my neighbors are excited about the recent return to full service on the Bremerton-Seattle run with the addition of a second boat. And I’m proud to be launching the bipartisan Congressional Ferry Caucus to advocate for the federal funds and support our marine highways deserve, to ensure we meet the unique needs of our coastal and rural communities and to build a more connected, resilient future.”

    “I’m pleased to join Congresswoman Emily Randall as a Co-Chair of the Congressional Ferry Caucus. Alaska’s Marine Highway is a crucial lifeline in Alaska that connects our coastal communities and ensures access to essential services across our state while also supporting local economies. Whether you live in Ketchikan, Kodiak, or any of the dozens of coastal towns that rely on these routes, Alaskans deserve a strong and well-maintained Marine Highway System,” said Representative Begich. “This caucus provides an important platform to build bipartisan support and secure the resources necessary to keep our ferries running – and I look forward to serving as a Co-Chair to advocate for Alaskans.”  

    “I join my colleagues in launching the Congressional Ferry Caucus. For decades, ferries have connected communities and states, providing convenient transportation and access for everyday commuters and visitors,” said Representative Malliotakis. “As the representative of an island surrounded by water, I’m committed to supporting the Staten Island Ferry, fast ferries and other maritime transportation as critical links for my constituents.”  

    The Public Ferry Coalition applauds the launch of the bipartisan Congressional Ferry Caucus and welcomes this important step in raising awareness of the vital role ferries play in our transportation system. Ferries are more than just a mode of transit—they are essential to connecting communities, reducing congestion, and strengthening regional resilience. We look forward to working with the Caucus to advance shared priorities and ensure that America’s public ferry systems remain strong, sustainable, and equipped to meet the demands of the future.”

    ###

    MIL OSI USA News

  • MIL-OSI Banking: Samsung Semiconductor India Research launches ‘Samsung Skill Development Center’ at the Government Polytechnic KGF

    Source: Samsung

     
     
    Samsung Semiconductor India Research (SSIR) today inaugurated its first “Samsung Skill Development Center” at the Government Polytechnic in Kolar Gold Fields (KGF), Karnataka. As part of its Corporate Social Responsibility (CSR) initiative, SSIR has supported the development of five cutting-edge laboratories aimed at fostering hands-on learning in Artificial Intelligence/Machine Learning (AI/ML), Cybersecurity, Automation, Robotics, and Core Engineering disciplines.
     
    The initiative aligns with Samsung’s commitment to empower youth in remote parts of the country to become catalysts of change and future innovation, while nurturing a passion for engineering and innovation amongst students from all backgrounds. Through this association, Samsung is dedicated to empowering young minds, improving the quality of education, and fostering a nationwide culture of scientific curiosity and innovation.
     
    The five newly inaugurated Labs have facilities equipped with modern tools. This will further enable an ecosystem of innovation for students to thrive and help them develop industry-capable skills as part of their learning curriculum. Under a multidisciplinary approach, students will be provided practical experience.
     

     
    Balajee Sowrirajan, EVP & MD, SSIR, said, “This initiative marks a pivotal step in enabling a hands-on experience for students in rural Karnataka. We fully support the Government of India’s mission on skill development and are committed to bridging the digital divide. By empowering students with knowledge in AI, IoT, and other emerging technologies, we aim to create limitless opportunities and secure India’s place in the global digital economy.”
     
    The inauguration ceremony was graced by Dr. Roopkala M Shashidhar, Chairperson, Karnataka State Handicrafts Development Corporation; Smt. Manjushree N, Commissioner, Department of Collegiate and Technical Education; Smt. Geethanjali S, Principal, Government Polytechnic KGF, along with over 500 students, faculty, and dignitaries from Samsung and the Government of Karnataka.
     
    This initiative builds on SSIR’s earlier collaboration under the Samsung Innovation Campus (SIC), through which the company partnered with the Government of Karnataka to provide AI and IoT training to over 1,000 students and teachers across 37 polytechnic colleges. The SIC initiative included infrastructure support, hands-on kits, and curriculum-based training modules designed to strengthen foundational tech capabilities across the state.
     
     

    MIL OSI Global Banks

  • MIL-OSI United Kingdom: Technology to transform the public sector

    Source: Scottish Government

    Start-ups secure CivTech 10 contracts to drive innovation.

    Thirteen companies will start preparing their products and solutions to public sector challenges for market following the conclusion of this year’s Scottish Government’s CivTech programme.

    Having delivered successful pitches at the end of the year-long programme, the companies have now entered the pre-commercialisation stage. They have the opportunity to access up to £7 million in funding to further develop their products and solutions for the public sector, which range from reducing teacher workload to improving firefighter safety.

    Since the programme began in 2016, around 100 businesses have progressed through CivTech, with just over £25 million of public sector funding leveraging a further £125 million of private funding.

    Many are already driving enhancements across the public sector. CivTech 4 participant Tape4Trees has delivered a revolutionary tree germination and planting system which is saving Forestry and Land Scotland millions of pounds a year while CivTech 9 business Netcompany is developing an innovative digital communication channel which, when fully operational, could save the public sector an estimated £100 million per year.

    More start-ups than ever before applied to take part in CivTech 10, which invited business solutions to 12 public sector challenges. Two specific challenges aimed at harnessing Artificial Intelligence (AI) were included for the first time.

    Business Minister Richard Lochhead said:

    “I want Scotland to be a global digital technology leader. Properly harnessed, we have an opportunity to unlock unprecedented benefits that will have a profound, positive impact on our society and our economy.

    “CivTech is recognised internationally as the world’s first successful public sector-focused innovation Accelerator, and as a leader in the rapidly expanding GovTech sector – set to be a trillion-dollar worldwide market.

    “Through CivTech we are not only driving economic growth and stimulating the high-growth start-up community, but unlocking solutions that are already delivering benefits and millions of pounds of savings across Scotland’s public sector.

    One of the companies to have secured CivTech funding to commercialise its product is Musselburgh-based BobbAI, which is developing an AI-powered assistant to help entrepreneurs and business founders.

    BobbAI Co-founder Bayile Adeoti said:

    “Taking part in the CivTech Accelerator has been an incredible experience—one that truly pushed me to think outside the box. The support from facilitators and the structure of the programme itself have been second to none. There’s truly nothing like CivTech anywhere else in the world, and it’s a testament to Scotland’s unique commitment to innovation and inclusive tech development.

    “As someone passionate about inclusive entrepreneurship, being part of CivTech and creating our solution in alignment with Scotland’s ambitions has been an excellent opportunity. With our Challenge through BobbAI, we’re tackling issues that not only impact Scotland but have the potential for global relevance. As a woman in tech, this journey has allowed me to be a voice for the underrepresented and a role model for those still to come. Most importantly, being part of CivTech made me feel like I truly belonged.”

    The Scottish Fire and Rescue Service (SFRS) sponsored two CivTech 10 challenges and will continue to work alongside companies in the next phase of product development. UK company Rowden is developing software to improve real-time risk monitoring of incidents while FireHazResearch has set up in Scotland to take forward its software identifying and measuring firefighter exposure to contaminants.

    Head of Governance, Strategy and Performance at SFRS Richard Whetton said:

    “SFRS have found the CivTech programme hugely beneficial in allowing us to consider and begin to develop innovative solutions for two difficult problems we have been facing. 

    “Both of our challenges are now progressing towards the pre-commercial stage and we are excited to work with our challenge companies to develop minimum viable products intended to enhance firefighter safety and benefit communities of Scotland. 

    “The CivTech programme team have been exceptional in supporting SFRS to achieve these positive outcomes and we look forward to continuing our work on this innovative programme.”

    Background

    More information about CivTech 10 Challenges and companies and their pitches are available on the CivTech website.

    MIL OSI United Kingdom

  • MIL-OSI: Gate Surpasses 30 Million Global Users, Accelerating Its Rise as the Next-Generation Crypto Exchange

    Source: GlobeNewswire (MIL-OSI)

    PANAMA CITY, July 01, 2025 (GLOBE NEWSWIRE) — Gate, a globally leading cryptocurrency trading platform, has officially surpassed 30 million registered users, marking a new milestone in its global expansion. This remarkable achievement underscores the platform’s growing influence across international markets and highlights the progress Gate has made in strategic transformation, brand upgrade, and ecosystem development.

    Ushering in the “30 Million+” Era: Unlocking Network Effects Across the Ecosystem
    Behind this threshold of the 30 million user base is the steady implementation of Gate’s international strategy and the continuous enhancement of its product suite, technical foundation, security framework, and brand recognition. In an industry where the competitive landscape is rapidly evolving, a consistently expanding user base stands as a critical measure of platform vitality and market trust.

    This expanding global community significantly strengthens Gate’s liquidity and trading depth, while laying a solid foundation for the sustainable growth of its broader ecosystem, fueling a strong and self-reinforcing network effect across products and services.

    Impressive Operational Momentum: Spot and Futures Drive Dual Growth
    According to Gate’s May 2025 Transparency Report, the platform continues to post robust growth in both trading activity and ecosystem expansion. Spot and futures trading volumes have seen simultaneous surges, with Gate’s derivatives products now ranking among the industry’s top-tier experiences. Daily trading volumes are hovering at historical highs.

    Currently, Gate ranks second globally in 24-hour spot trading volume, with its token liquidity and trading breadth consistently in the top three worldwide. Derivatives have become one of the platform’s strongest growth engines, with users actively engaging in leveraged and strategy-based trading. Meanwhile, flagship product lines including Launchpad, Gate Alpha, Launchpool, HODLer Airdrop and CandyDrop have delivered outstanding performance, significantly enhancing user engagement and capital activity across the platform.

    A Renewed Brand Vision: Entering a New Strategic Chapter
    In May, Gate celebrated its 12th anniversary by unveiling a brand-new vision as the “next-generation crypto exchange.” The platform officially adopted the new global domain Gate.com and introduced an updated logo, marking its transformation from a market leader to an industry trailblazer and enhancing its global brand visibility.

    On the compliance front, Gate continues to strengthen its global regulatory framework. Its entity Gate Technology FZE has officially obtained a VASP license under the supervision of the Dubai Virtual Assets Regulatory Authority (VARA), reinforcing the platform’s regulatory foundation in the Middle East and broader international markets.

    Building User Trust: A Relentless Commitment to Security and Transparency
    Gate remains an industry leader in asset security and reserve transparency. As of June 2025, Gate holds a total reserve value of $10.453 billion, with a reserve ratio of 123.09%. The platform’s reserves fully cover user assets across 350+ cryptocurrencies, with $1.96 billion in excess reserves, far exceeding industry benchmarks. Gate’s rigorous proof-of-reserves practices and cutting-edge security technologies continue to solidify user trust and lay a robust foundation for long-term, sustainable growth.

    Looking Ahead: Driving Innovation and Shaping the Future of Crypto
    As Gate moves into its next chapter, it will continue enhancing the on-chain trading experience, expanding forward-looking Web3 infrastructure services, and exploring innovative intersections between AI and crypto technologies. At the same time, Gate will deepen collaboration with global users, developers, and institutional partners, co-creating an open, transparent, and resilient next-generation digital asset ecosystem.

    Gate remains committed to opening the gateway to a smarter, safer, and more inclusive crypto future for users around the world.

    About Gate
    Gate, founded in 2013 by Dr. Han, is one of the world’s earliest cryptocurrency exchanges. The platform serves over 30 million users with 3,600+ digital assets and pioneered the industry’s first 100% proof-of-reserves. Beyond core trading services, Gate’s ecosystem includes Gate Wallet, Gate Ventures, and other innovative solutions, while its global partnerships extend to top-tier sports brands like Oracle Red Bull Racing in F1 and Inter.

    For more information, please visit: Website | X | Telegram | LinkedIn | Instagram | YouTube

    Media Contact:
    Loyo at loyo@gate.com

    Disclaimer:
    This content does not constitute an offer, solicitation, or recommendation. You should always seek independent professional advice before making investment decisions. Gate may restrict or prohibit certain services in specific jurisdictions. For more information, please read the User Agreement via https://www.gate.com/user-agreement.

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    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/488d5737-82c2-45b2-aa15-6f5587c57f08

    The MIL Network

  • MIL-OSI: Baltic Horizon Fund publishes its ESG report for 2024

    Source: GlobeNewswire (MIL-OSI)

    Baltic Horizon Fund today announces the release of its annual ESG report for the year of 2024.

    Baltic Horizon introduced its ESG strategy in 2019, and has since allocated consideable efforts on promoting environmental, social, and governance practices across its asset portfolio and in the investment strategies and decision-making processes.

    The past years, Baltic Horizon Fund has operated in a very demanding environment. In 2024, the Fund Management‘s attention has been concentrated on maximizing the potential of its portfolio and each asset to build a solid foundation for the future. In the area of ESG, our efforts have been focused on improving the ESG data quality and embracing green energy sources, in alignment with the growing tenant demand for sustainable and environmentally friendly spaces,‘ commented Tarmo Karotam, Fund Manager for Baltic Horizon Fund.

    Baltic Horizon Fund‘s ESG performance highlights in 2024

    During 2024, Baltic Horizon Fund maintained a 100% portfolio BREEAM certification. The office building Meraki received its BREEAM New Construction certificate in October with the grade Excellent. This certification improves and replaces the design state certificate which had the Very good rating.

    The Fund uses green leases to align and formalize sustainability commitments with the tenants and has set a goal to achieve 100 % of green lease coverage. In 2024, the Fund increased the share of green leases, reaching 98 % coverage by the end of the year.

    The Fund has analyzed its investments in accordance with the EU Taxonomy. In 2024, 23% of the Fund’s real estate investments satisfied the EU taxonomy substantial contribution criteria. This is a significant improvement from 2023 where the taxonomy alignment was 14% .

    During 2024, 86% of the Fund’s properties electricity was renewable. 2 out of 12 assets had on-site solar panels. 10 out of the 12 assets used renewable electricity. To increase the renewable electricity in the portfolio, the Fund has signed private power purchase agreements (PPA) to purchase solar and/or wind power directly from the energy parks. Two of the PPAs became effective in 2024 and more PPAs will enter into force in 2025.

    During 2024, the Fund once again participated in the Global Real Estate Benchmark (GRESB). The Fund received a 3-star GRESB rating in 2024, and has thoroughly analyzed the assessment results and developed an action plan to achieve a 4-star GRESB rating in 2025.

    The full ESG report 2024 is attached and is also available on the Fund’s website: https://www.baltichorizon.com/esg/.

    The Estonian translation of the report is available on the Fund’s website: www.baltichorizon.com/et/esg/.

    For additional information, please contact:

    Tarmo Karotam
    Baltic Horizon Fund manager
    E-mail tarmo.karotam@nh-cap.com
    www.baltichorizon.com

    The Fund is a registered contractual public closed-end real estate fund that is managed by Alternative Investment Fund Manager license holder Northern Horizon Capital AS. 

    Distribution: GlobeNewswire, Nasdaq Tallinn, Nasdaq Stockholm, www.baltichorizon.com

    To receive Nasdaq announcements and news from Baltic Horizon Fund about its projects, plans and more, register on www.baltichorizon.com. You can also follow Baltic Horizon Fund on www.baltichorizon.com and on LinkedIn, FacebookX and YouTube.

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    The MIL Network

  • MIL-OSI: BSTR Miner launches next-generation cloud mining platform: AI-driven, multi-currency support, Dogecoin mining threshold drops to a new low

    Source: GlobeNewswire (MIL-OSI)

    London, UK, July 01, 2025 (GLOBE NEWSWIRE) — In the wave of continued expansion of the global cryptocurrency market, BSTR Miner, which has been deeply involved in blockchain infrastructure for 6 years, officially launched a revolutionary cloud mining platform today. The platform uses patented adaptive revenue enhancement technology (A.R.E.T) to realize intelligent dynamic mining of mainstream currencies such as Bitcoin, Ethereum, and Dogecoin for the first time, lowering the threshold for passive crypto income to $100 and completely rewriting the rules of the game in the industry.

    Market pain points and technical breakthroughs
    After the Bitcoin halving in 2025, the computing power of the entire network will climb by 37%, and it will be more difficult for individual miners to make profits. BSTR Miner’s solution directly hits three core pain points:

    Zero hardware burden: users do not need to face the purchase, maintenance or high electricity costs of mining machines

    Intelligent income: A.R.E.T system analyzes 200+ blockchain indicators in real time (including network difficulty, gas fees and currency price fluctuations), and automatically switches to the currency with the highest current income for mining

    Democratization of Dogecoin mining: Deep optimization of DOGE’s Scrypt algorithm allows small investors to share the ecological dividends of meme coins

    BSTR Miner cloud mining platform advantages:
    Zero hardware: Instant mining of BTC, ETH and DOGE – no equipment or technical skills required.

    AI profit maximizer: patented A.R.E.T. algorithm, dynamically switches mining to the currency with the highest income (for example, DOGE mining rewards increased by 143% in June)
    Transparent income: blockchain verification every 8 hours
    Start mining with $100. Exclusive DOGE Mining Offer: New users get $10 bonus + 3% extra DOGE hashrate.

    How to start mining with BSTR Miner?
    1. Quick registration
    Visit www.bstrminer.com and register with your email/mobile phone number
    2. Zero configuration start
    Recharge $100+ to a crypto wallet (supports BTC/ETH/USDT) or use the $10 given by the platform for mining
    3. Select a contract
    The platform provides 11 contracts, choose the contract that suits you to purchase
    4. Enjoy daily income
    View income data in real time on the dashboard
    •Automatically distributed to the account every 24 hours
    • Withdraw at any time when the balance is over $100

    Real user testimony
    “As a full-time teacher, I obtained a stable monthly return of 5.1% in Q2 2025 through BSTR Miner’s Dogecoin mining contract,” James Chen, an early Canadian user, showed his dashboard data, “What’s more surprising is that the platform automatically switched 35% of its computing power to the skyrocketing BRC-20 token in June, with a daily increase of 300% in income.”

    Market positioning and strategy
    “Traditional cloud mining is experiencing a crisis of trust,” said Elena, CTO of BSTR Miner Rodriguez pointed out that “our real-time revenue tracing system makes every penny of output verifiable, which will become the new industry standard.” The platform has reserved $50 million for user growth funds, and new registrations can receive: $10 experience money (which can be directly invested in Dogecoin mining contracts)

    About BSTR Miner
    Founded in 2019, BSTR Miner operates 5 Tier-4 data centers in North America, with a computing power accounting for 1.98% of the global Bitcoin network. In 2024, it was certified by ISO/IEC 27001 and was named the “Most Innovative Blockchain Infrastructure Provider” by Yahoo Finance.

    For media enquiries, please contact:
    Company name: BSTR Miner
    Email: info@bstrminer.com
    Company address: Flat 5 Vincent Avenue, Welcombe Court, Stratford-Upon-Avon, England
    Company website: https://bstrminer.com

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    The MIL Network

  • MIL-OSI Asia-Pac: 1st digital education week launches

    Source: Hong Kong Information Services

    Secretary for Education Choi Yuk-lin today officiated at the first Digital Education Week 2025 kick-off ceremony held in the Central Government Offices.

    Also attending was Liaison Office of the Central People’s Government in the Hong Kong Special Administrative Region Department of Educational, Scientific & Technological Affairs First-level Inspector Liu Maozhou.

    To dovetail with the national development of digital education and to nurture talent for the innovation and technology (I&T) sector, the Chief Executive announced the formation of the Steering Committee on Strategic Development of Digital Education in the 2024 Policy Address. The committee has identified four key focuses and strategic directions.

    Speaking at the kick-off ceremony, the education chief said that the first Digital Education Week features a wide range of enriching programmes, including the annual flagship event for the education sector, Learning & Teaching Expo 2025, as well as the International Summit on the Use of AI (artificial intelligence) in Learning & Teaching Languages & Other Subjects (AIinLT) and Post-Summit Workshop Series.

    “These functions enable teachers to stay abreast of the latest developments in I&T and digital education, fostering professional exchanges and enhancing the effectiveness of learning and teaching.”

    The Learning & Teaching Expo 2025 will bring together global educational technology resources, set up nearly 600 booths, and host more than 270 keynote speeches, seminars and public demonstration classes to fully showcase the latest teaching solutions and technology trends.

    Meanwhile, the International Summit on AIinLT will gather education experts from home and abroad to discuss the practical application of AI in various disciplines through 100 paper presentations, teaching demonstrations and 11 in-depth workshops, helping teachers and students enhance their AI literacy.

    The Education Bureau also announced that the first batch of deliverables including the three projects under the e-Learning Ancillary Facilities Programme funded by a provision of $500 million from the Quality Education Fund were released today. 

    The deliverables of the projects will be exhibited at the Learning & Teaching Expo, the bureau said.

    The bueau outlined that the programme provides 22 innovative e-learning solutions for primary and secondary, kindergarten and special education students in Hong Kong, 18 of which incorporate AI technology.

    MIL OSI Asia Pacific News

  • MIL-OSI: ProLogium’s Next-Generation Lithium Ceramic Battery Shipments Surpass 2.4 Million Units

    Source: GlobeNewswire (MIL-OSI)

    TAIPEI, Taiwan, July 01, 2025 (GLOBE NEWSWIRE) — ProLogium Technology, a global leader in next-generation lithium ceramic batteries, today announced that its cumulative shipments have officially surpassed 2.4 million units, marking a major milestone since its production in 2013. A key driver of this achievement is the production ramp-up at ProLogium’s first Giga-scale super factory in Taoyuan, Taiwan (Taoke Plant), which has contributed over 500,000 units within just 18 months of operation. This strong performance demonstrates the reliability and scalability of ProLogium’s mass production capabilities. The company’s batteries have been adapted across multiple sectors including electric mobility, wearables, automotive electronics, and industrial system, highlighting the strong commercial maturity and stable supply capability of its products across diverse applications.

    Leveraging both its technological leadership and mature manufacturing infrastructure, ProLogium has proven its readiness to support large-scale market demands. This milestone also lays a solid foundation for the company’s upcoming Giga factory project in Dunkirk, France, currently preparing for construction.

    From R&D to Mass Production: Catalyzing a Paradigm Shift in the Battery Industry
    Founded in 2006, ProLogium is committed to developing safe, high-performance, scalable, and sustainable lithium ceramic batteries. It is the first and only company worldwide capable of mass-producing this next-generation battery technology using automated production systems. Following the dual approval of EIA (Environmental Impact Assessment) and building permits for its Giga factory in Dunkirk, France at the end of 2024, ProLogium is now leading the industry into the fourth generation all-inorganic solid-state electrolyte architecture. Construction is set to begin in 2026, with mass production planned for 2028. This marks a crucial step in the company’s global expansion, while also accelerating the transformation and upgrading of the battery supply chain, unlocking long-term value and growth potential.

    All-Ceramic Separator + All-Inorganic Electrolyte + All-Silicon Anode
    A True Next-Gen Battery beyond Conventional Solid-State Technologies
    While continuously optimizing current mass production technologies, ProLogium is also actively advancing its fourth-generation all-inorganic electrolyte architecture. By leveraging innovative inorganic electrolyte fluidization technology, ProLogium has successfully combined the respective advantages of solid-state and liquid batteries, eliminating their inherent performance trade-offs.

    This architecture significantly enhances six key performance metrics—safety, energy density, thermal stability, fast-charging capability, energy efficiency, and low-temperature performance—while addressing one of the greatest hurdles in solid-state battery commercialization: the high cost of materials and manufacturing processes. The result is a scalable, cost-effective battery that redefines the value structure of both solid-state and liquid batteries.

    Furthermore, the innovative design overcomes the interface bottleneck typically found between solid electrolytes and active materials, laying the groundwork for the widespread adoption of next-generation batteries and providing a truly scalable and sustainable energy transition solution.

    “Next-generation batteries are not only the cornerstone of the energy transition but also a critical engine driving electrification and smart device innovation” said Vincent Yang, Founder and CEO of ProLogium.

    “We are pleased that our technology has been adopted and validated by leading strategic partners around the world and introduced into a wide range of applications. Beyond business expansion, we look forward to collaborating with industry, government, academia, and research institutions to form strategic alliances that can accelerate energy transition and contribute to global sustainable development.”

    About ProLogium

    Founded in 2006, ProLogium Technology is an innovative energy company focused on the development and manufacturing of next-generation lithium ceramic batteries for electric vehicles, consumer electronics, and industrial applications. The company holds over 900 global patents (granted and pending) and has delivered more than 12,000 battery samples for testing and module development to global automotive OEMs.

    ProLogium’s first GWh-level Giga factory (Taoke) in Taoyuan, Taiwan, began production in 2024 and supplies global markets. The company surpassed the milestone of 2.4 million battery units shipped. In May 2024, ProLogium unveiled its first overseas R&D center in Paris-Saclay, designed to tailor solutions for the European market. Its first overseas Giga factory in Dunkirk, France, received dual approvals for EIA and building permits in late 2024, with construction scheduled for 2026 and mass production in 2028.

    Photos accompanying this announcement are available at:

    https://www.globenewswire.com/NewsRoom/AttachmentNg/819c258c-214e-4297-a7cb-5378ed4b4e37

    https://www.globenewswire.com/NewsRoom/AttachmentNg/62c8721a-977d-46e7-95da-31d7639e06ad

    The MIL Network

  • MIL-OSI Africa: Arab Coordination Group (ACG) Institutions Issue Joint Communique at the Fourth International Conference on Financing for Development (FfD4)

    Preamble

    We, the Heads of Arab Coordination Group (ACG) Institutions, convening in Seville during the Fourth International Conference on Financing for Development (FfD4), reaffirm our collective commitment to delivering agile, equitable, and forward-looking development finance solutions. As we celebrate 50 years of action, we draw strength from our legacy while looking ahead to make bold and transformative contributions to the global financing landscape.

    FfD4 convenes at a time of unprecedented and intersecting crises: widening development finance gaps, intensifying climate shocks, rising debt distress, persistent fragility, and an international financial system that remains inequitable and fragmented.

    While FfD4 has highlighted important challenges and ambitions, the path to meaningful reform remains uncertain—especially concerning climate finance, mainstreaming private capital, and recognizing the strategic role of ACG institutions.

    We Commit To:

    1. Strengthening ACG’s Role in Global Finance Architecture

    • Advocate for the institutionalized inclusion of ACG institutions as permanent stakeholders in global governance, financing mechanisms, policy forums, and debt platforms.
    • Ensure that regional priorities and realities are reflected in the follow-up and outcome reporting of FfD4.

    2. Scaling Up Climate-Resilient Development Finance

    • Expand collective financing for adaptation, resilient infrastructure, and cross-border climate initiatives in agriculture, water, energy, and transport.
    • Support new climate finance tools, including green Sukuk and blended adaptation facilities.

    3. Supporting Fragile and Conflict-Affected States

    • Enhance early recovery and reconstruction financing using area-based, community-led models that support stabilization and local institution-building.
    • Engage in innovative partnerships to provide financial protection and resilience tools for vulnerable populations.
    • Prioritize financing models which recognize that economic opportunity is central to long-term stability.

    4. Addressing land degradation

    • Leverage diverse financing instruments to support long-term projects focused on restoring degraded lands and preventing further land degradation, improving soil health, and preserving biodiversity

    5. Unlocking Private Capital and Enhancing Risk Sharing

    • Scale guarantees, blended finance structures, and PPPs to crowd in responsible private investment into SDG-critical sectors.
    • Launch co-investment platforms with regional sovereign wealth funds and international impact investors.

    6. Promoting Islamic Finance and Financial Innovation

    • Position Islamic finance as an inclusive development framework, with a focus on asset-backed solutions.
    • Integrate data-driven approaches, AI, and digital tools to enhance transparency, targeting, and results of monitoring in ACG-financed operations.

    7. Championing South–South Development Finance Cooperation

    • Strengthening cross-regional collaboration and knowledge sharing in climate resilience, food security, and digital inclusion.

    8. Coordinating Action and Increasing Strategic Visibility

    • Endorse an ACG 2025–2030 Joint Action Plan to align future operations with key FfD4 themes and upcoming global forums, including COP30 and the 2026 SDG Summit.

    We Call Upon:

    • Multilateral institutions to partner with ACG institutions as co-architects—not just implementers – of a more inclusive financial architecture that reflects the voices, needs, and innovations of the Global South.
    • The international community transforms the aspirations of FfD4 into actionable outcomes that embed regional leadership and systemic reform.

    Distributed by APO Group on behalf of Arab Coordination Group (ACG).

    About the Arab Coordination Group (ACG):
    The Arab Coordination Group (ACG) is a strategic alliance that provides a coordinated response to development finance. Since its establishment in 1975, ACG has been instrumental in developing economies and communities for a better future, providing more than 13,000 development loans to over 160 countries around the globe. Comprising ten development funds, ACG is the second-largest group of development finance institutions in the world and works across the globe to support developing nations and create a lasting, positive impact.

    The Group comprises the Abu Dhabi Fund for Development, the Arab Bank for Economic Development in Africa, the Arab Fund for Economic and Social Development, the Arab Gulf Programme for Development, the Arab Monetary Fund, the Islamic Development Bank, the Kuwait Fund for Arab Economic Development, the OPEC Fund for International Development, the Qatar Fund for Development and the Saudi Fund for Development.

    MIL OSI Africa

  • MIL-OSI Asia-Pac: Foreign Minister Lin hosts welcome luncheon for former Japanese Economic Security Minister and current Representative Kobayashi

    Source: Republic of China Taiwan

    Foreign Minister Lin hosts welcome luncheon for former Japanese Economic Security Minister and current Representative Kobayashi

    Date:2025-06-27
    Data Source:TAIWAN-JAPAN RELATIONS ASSOCIATION

    June 27, 2025 
    No. 223 

    Minister of Foreign Affairs Lin Chia-lung hosted a welcome luncheon on June 26 for Takayuki Kobayashi, former Japanese Minister in Charge of Economic Security and current member of the House of Representatives. They exchanged views on issues such as integrated diplomacy, response strategies for countering gray-zone tactics, and Taiwan-Japan cooperation in third countries.

    Minister Lin stated that since assuming office, he had been proactively implementing integrated diplomacy. He said that the policy combined the strengths of the public and private sectors to expand Taiwan’s international presence and promote the Diplomatic Allies Prosperity Project, which aimed to deepen substantive and mutually beneficial relations with diplomatic allies and like-minded countries. He added that Taiwan was pleased that the Japanese government had recently bolstered strategic partnerships with Palau, Paraguay, Guatemala, and other diplomatic allies of Taiwan, and thanked Japan for actively advancing cooperative relations with Taiwan’s allies. He emphasized that Taiwan and Japan faced similar regional security and economic challenges and that the two sides should enhance collaboration and joint strategic responses.

    Furthermore, he indicated that the industries of Taiwan and Japan were highly complementary and that, in the face of China’s aggressive pursuit of global high-tech industry dominance, Taiwan and Japan should work together to build non-red supply chains and boost economic resilience and industrial competitiveness to ensure that democracies steadily keep pace with technological developments worldwide.

    Representative Kobayashi stated that Taiwan and Japan had a close friendship in terms of history, the economy, and personnel exchanges. He expressed hope that the visit would increase his understanding of Taiwan. In addition, he affirmed his desire to help further Taiwan-Japan ties in the future, which would contribute to safeguarding regional peace and stability.

    Also in attendance at the luncheon were Taipei University of Marine Technology President Lu Yao-zhi, Institute for National Defense and Security Research Chief Secretariat Office Director Lin Yen-hung, and Japan-Taiwan Exchange Association Taipei Office Chief Representative Kazuyuki Katayama. The atmosphere was lively and cordial. (E)

    MIL OSI Asia Pacific News

  • MIL-OSI: Barclays Bank PLC: AI Prime & Cy S.C.A. announces pricing of an accelerated placing of shares of InPost S.A.

    Source: GlobeNewswire (MIL-OSI)

    LONDON, July 01, 2025 (GLOBE NEWSWIRE) —  

    NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, INTO OR IN THE UNITED STATES, CANADA, AUSTRALIA, SOUTH AFRICA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH OFFERS OR SALES WOULD BE PROHIBITED BY APPLICABLE LAW. THIS ANNOUNCEMENT DOES NOT CONSTITUTE OR FORM AN OFFER FOR SALE OF, OR THE SOLICITATION OF AN OFFER TO BUY, THE SECURITIES REFERRED TO HEREIN IN ANY JURISDICTION, INCLUDING THE UNITED STATES, CANADA, AUSTRALIA, SOUTH AFRICA, JAPAN OR ANY OTHER JURISDICTION IN WHICH OFFERS OR SALES WOULD BE PROHIBITED BY APPLICABLE LAW.

    PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT.

    01 July 2025

    AI Prime & Cy S.C.A. announces pricing of an accelerated placing of shares of InPost S.A.

    AI Prime & Cy S.C.A. (“AI Prime”), an Advent International company has priced an accelerated placing (the “Placing”) to institutional investors of 17.5 million ordinary shares in InPost S.A. (the “Company”), constituting c.3.5% of the Company’s existing share capital, at a price of EUR 13.25 per ordinary share.

    Upon settlement of the Placing, the aggregate total ownership interest of Advent International in the Company’s issued ordinary share capital will be c.6.5%. Settlement is expected to occur on 3 July 2025.

    As part of the transaction, remaining shares in the Company held by AI Prime will be subject to a 60 day lock-up period from the settlement date, subject to customary exemptions.

    Barclays Bank PLC acted as Sole Global Co-ordinator and Bookrunner on the Placing.

    The Company will not receive any proceeds from the Placing.

    IMPORTANT NOTICE

    THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS FOR INFORMATION PURPOSES ONLY AND DOES NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY ANY OF THESE SECURITIES IN THE UNITED STATES, CANADA, AUSTRALIA, SOUTH AFRICA, JAPAN OR ANY OTHER JURISDICTION IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL PRIOR TO REGISTRATION OR QUALIFICATION UNDER THE SECURITIES LAWS OF ANY SUCH JURISDICTION. THE SECURITIES MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES ABSENT REGISTRATION OR AN APPLICABLE EXEMPTION FROM UNITED STATES REGISTRATION REQUIREMENTS. NO PUBLIC OFFER OF SECURITIES IS TO BE MADE IN THE UNITED STATES AND NEITHER THIS ANNOUNCEMENT NOR ANY COPY OF IT MAY BE TAKEN, TRANSMITTED OR DISTRIBUTED, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES (INCLUDING ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA), CANADA, SOUTH AFRICA OR JAPAN. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES, CANADIAN, SOUTH AFRICAN OR JAPANESE SECURITIES LAWS.

    THIS ANNOUNCEMENT AND ANY OFFER OF SHARES PURSUANT TO THE PLACING (“PLACING SHARES“) IF MADE SUBSEQUENTLY ARE ONLY ADDRESSED TO AND DIRECTED AT PERSONS (1) IN THE EEA WHO ARE QUALIFIED INVESTORS WITHIN THE MEANING OF REGULATION (EU) 2017/1129 (THE “PROSPECTUS REGULATION“) AND (2) IN THE UNITED KINGDOM, WHO ARE QUALIFIED INVESTORS WITHIN THE MEANING OF THE PROSPECTUS REGULATION AS IT FORMS PART OF DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 AND WHO HAVE PROFESSIONAL EXPERIENCE IN MATTERS RELATING TO INVESTMENTS WHO FALL WITHIN ARTICLE 19(5) OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 (FINANCIAL PROMOTION) ORDER 2005 (AS AMENDED, THE “ORDER“) OR ARE HIGH NET WORTH ENTITIES FALLING WITHIN ARTICLE 49(2)(A) TO (D) OF THE ORDER OR ARE PERSONS TO WHOM AN OFFER OF THE PLACING SHARES MAY OTHERWISE BE LAWFULLY COMMUNICATED (ALL SUCH PERSONS BEING REFERRED TO AS “RELEVANT PERSONS“). PERSONS WHO ARE NOT RELEVANT PERSONS SHOULD NOT TAKE ANY ACTION ON THE BASIS OF THIS ANNOUNCEMENT AND SHOULD NOT ACT OR RELY ON IT.

    THE SECURITIES REFERRED TO HEREIN WILL BE OFFERED (I) WITHIN THE UNITED STATES ONLY TO A LIMITED NUMBER OF QUALIFIED INSTITUTIONAL BUYERS AS DEFINED IN RULE 144A UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT“) PURSUANT TO AN EXEMPTION FROM, OR IN TRANSACTIONS NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT, AND (II) OUTSIDE THE UNITED STATES IN RELIANCE ON REGULATION S UNDER THE SECURITIES ACT, IN EACH CASE SUBJECT TO PREVAILING MARKET AND OTHER CONDITIONS. THERE IS NO ASSURANCE THAT THE PLACING WILL BE COMPLETED, OR IF COMPLETED, AS TO THE TERMS ON WHICH IT IS COMPLETED. THE SECURITIES REFERRED TO HEREIN HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE SECURITIES ACT AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES WITHOUT REGISTRATION THEREUNDER OR UNLESS PURSUANT TO AN AVAILABLE EXEMPTION THEREFROM. NEITHER THIS DOCUMENT NOR THE INFORMATION CONTAINED HEREIN CONSTITUTES OR FORMS PART OF AN OFFER TO SELL, OR THE SOLICITATION OF AN OFFER TO BUY, SECURITIES IN THE UNITED STATES. THERE WILL BE NO PUBLIC OFFER OF ANY SECURITIES IN THE UNITED STATES OR ANY OTHER JURISDICTION.

    THIS ANNOUNCEMENT DOES NOT, AND SHALL NOT, IN ANY CIRCUMSTANCES CONSTITUTE A PUBLIC OFFERING, NOR AN OFFER TO SELL OR TO SUBSCRIBE, NOR A SOLICITATION TO OFFER TO PURCHASE OR TO SUBSCRIBE SECURITIES IN ANY JURISDICTION. THE DISTRIBUTION OF THIS ANNOUNCEMENT AND THE OFFERING OR SALE OF THE SECURITIES IN CERTAIN JURISDICTIONS MAY BE RESTRICTED BY LAW. NO ACTION HAS BEEN TAKEN BY AI PRIME, BARCLAYS BANK PLC (THE “GLOBAL CO-ORDINATOR“) OR ANY OF THEIR RESPECTIVE AFFILIATES THAT WOULD, OR WHICH IS INTENDED TO, PERMIT A PUBLIC OFFER OF THE SECURITIES IN ANY JURISDICTION OR POSSESSION OR DISTRIBUTION OF THIS ANNOUNCEMENT OR ANY OTHER OFFERING OR PUBLICITY MATERIAL RELATING TO THE SECURITIES IN ANY JURISDICTION WHERE ACTION FOR THAT PURPOSE IS REQUIRED. PERSONS INTO WHOSE POSSESSION THIS ANNOUNCEMENT COMES ARE REQUIRED BY AI PRIME AND THE GLOBAL CO-ORDINATOR TO INFORM THEMSELVES ABOUT AND TO OBSERVE ANY APPLICABLE RESTRICTIONS.

    NO PROSPECTUS OR OFFERING DOCUMENT HAS BEEN OR WILL BE PREPARED IN CONNECTION WITH THE PLACING. ANY INVESTMENT DECISION IN CONNECTION WITH THE PLACING MUST BE MADE SOLELY ON THE BASIS OF PUBLICLY AVAILABLE INFORMATION RELATING TO THE COMPANY AND ITS SHARES. SUCH INFORMATION HAS NOT BEEN INDEPENDENTLY VERIFIED AND AI PRIME AND THE GLOBAL CO-ORDINATOR ARE NOT RESPONSIBLE, AND EXPRESSLY DISCLAIM ANY LIABILITY, FOR SUCH INFORMATION. THE INFORMATION CONTAINED IN THIS ANNOUNCEMENT IS FOR BACKGROUND PURPOSES ONLY AND DOES NOT PURPORT TO BE FULL OR COMPLETE. NO RELIANCE MAY BE PLACED FOR ANY PURPOSE ON THE INFORMATION CONTAINED IN THIS ANNOUNCEMENT OR ON ITS ACCURACY OR COMPLETENESS.

    IN CONNECTION WITH THE PLACING, THE GLOBAL CO-ORDINATOR OR ANY OF ITS AFFILIATES MAY TAKE UP A PORTION OF THE PLACING SHARES AS A PRINCIPAL POSITION AND IN THAT CAPACITY MAY RETAIN, PURCHASE, SELL OR OFFER TO SELL FOR ITS OWN ACCOUNT SUCH PLACING SHARES AND OTHER SECURITIES OF THE COMPANY OR RELATED INVESTMENTS IN CONNECTION WITH THE PLACING OR OTHERWISE. ACCORDINGLY, REFERENCES TO THE PLACING SHARES BEING OFFERED, ACQUIRED, PLACED OR OTHERWISE DEALT IN SHOULD BE READ AS INCLUDING ANY OFFER TO, OR ACQUISITION, PLACING OR DEALING BY THE GLOBAL CO-ORDINATOR AND ANY OF ITS AFFILIATES ACTING AS INVESTORS FOR THEIR OWN ACCOUNTS. THE GLOBAL CO-ORDINATOR DOES NOT INTEND TO DISCLOSE THE EXTENT OF ANY SUCH INVESTMENT OR TRANSACTIONS OTHERWISE THAN IN ACCORDANCE WITH ANY LEGAL OR REGULATORY OBLIGATIONS TO DO SO.

    THIS ANNOUNCEMENT DOES NOT PURPORT TO IDENTIFY OR SUGGEST THE RISKS (DIRECT OR INDIRECT) WHICH MAY BE ASSOCIATED WITH AN INVESTMENT IN THE COMPANY OR ITS SHARES.

    THIS ANNOUNCEMENT DOES NOT CONSTITUTE A RECOMMENDATION CONCERNING THE PLACING. THE PRICE AND VALUE OF SECURITIES AND ANY INCOME FROM THEM CAN GO DOWN AS WELL AS UP. PAST PERFORMANCE IS NOT A GUIDE TO FUTURE PERFORMANCE. ACQUIRING PLACING SHARES TO WHICH THIS ANNOUNCEMENT RELATES MAY EXPOSE AN INVESTOR TO A SIGNIFICANT RISK OF LOSING ALL OF THE AMOUNT INVESTED. POTENTIAL INVESTORS SHOULD CONSULT A PROFESSIONAL ADVISOR AS TO THE SUITABILITY OF THE PLACING FOR THE ENTITY OR PERSON CONCERNED. THIS ANNOUNCEMENT DOES NOT REPRESENT THE ANNOUNCEMENT OF A DEFINITIVE AGREEMENT TO PROCEED WITH THE PLACING AND, ACCORDINGLY, THERE CAN BE NO CERTAINTY THAT THE PLACING WILL PROCEED. AI PRIME RESERVES THE RIGHT NOT TO PROCEED WITH THE PLACING OR TO VARY THE TERMS OF THE PLACING IN ANY WAY.

    BARCLAYS BANK PLC IS AUTHORISED IN THE UNITED KINGDOM BY THE PRUDENTIAL REGULATION AUTHORITY AND REGULATED BY THE FINANCIAL CONDUCT AUTHORITY AND THE PRUDENTIAL REGULATION AUTHORITY.  THE GLOBAL CO-ORDINATOR IS ACTING FOR AI PRIME AND NO-ONE ELSE IN CONNECTION WITH THE PLACING. NEITHER THE GLOBAL CO-ORDINATOR NOR ANY OF ITS AFFILIATES, NOR THEIR RESPECTIVE PARTNERS, DIRECTORS, OFFICERS, EMPLOYEES OR AGENTS WILL REGARD ANY OTHER PERSON AS A CLIENT IN CONNECTION WITH THE PLACING AND THEY WILL NOT BE RESPONSIBLE TO ANYONE OTHER THAN AI PRIME FOR PROVIDING THE PROTECTIONS AFFORDED TO THEIR RESPECTIVE CLIENTS OR FOR PROVIDING ADVICE IN CONNECTION WITH THE PLACING DESCRIBED IN THIS ANNOUNCEMENT OR FOR ANY OTHER MATTERS REFERRED TO HEREIN.

    CERTAIN FIGURES CONTAINED IN THIS ANNOUNCEMENT HAVE BEEN SUBJECT TO ROUNDING ADJUSTMENTS. ACCORDINGLY, IN CERTAIN INSTANCES, THE SUM OR PERCENTAGE CHANGE OF THE NUMBERS CONTAINED IN THIS ANNOUNCEMENT MAY NOT CONFORM EXACTLY WITH THE TOTAL FIGURE GIVEN.

    THIS ANNOUNCEMENT INCLUDES STATEMENTS THAT ARE, OR MAY BE DEEMED TO BE, FORWARD-LOOKING STATEMENTS. THESE FORWARD-LOOKING STATEMENTS MAY BE IDENTIFIED BY THE USE OF FORWARD-LOOKING TERMINOLOGY, INCLUDING THE TERMS “INTENDS”, “EXPECTS”, “WILL”, OR “MAY”, OR, IN EACH CASE, THEIR NEGATIVE OR OTHER VARIATIONS OR COMPARABLE TERMINOLOGY, OR BY DISCUSSIONS OF STRATEGY, PLANS, OBJECTIVES, GOALS, FUTURE EVENTS OR INTENTIONS. THESE FORWARD-LOOKING STATEMENTS INCLUDE ALL MATTERS THAT ARE NOT HISTORICAL FACTS AND INCLUDE STATEMENTS REGARDING INTENTIONS, BELIEFS OR CURRENT EXPECTATIONS. NO ASSURANCES CAN BE GIVEN THAT THE FORWARD-LOOKING STATEMENTS IN THIS ANNOUNCEMENT WILL BE REALISED. AS A RESULT, NO UNDUE RELIANCE SHOULD BE PLACED ON THESE FORWARD-LOOKING STATEMENTS AS A PREDICTION OF ACTUAL EVENTS OR OTHERWISE.

    This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

    The MIL Network

  • MIL-OSI: Barclays Bank PLC: AI Prime & Cy S.C.A. announces pricing of an accelerated placing of shares of InPost S.A.

    Source: GlobeNewswire (MIL-OSI)

    LONDON, July 01, 2025 (GLOBE NEWSWIRE) —  

    NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, INTO OR IN THE UNITED STATES, CANADA, AUSTRALIA, SOUTH AFRICA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH OFFERS OR SALES WOULD BE PROHIBITED BY APPLICABLE LAW. THIS ANNOUNCEMENT DOES NOT CONSTITUTE OR FORM AN OFFER FOR SALE OF, OR THE SOLICITATION OF AN OFFER TO BUY, THE SECURITIES REFERRED TO HEREIN IN ANY JURISDICTION, INCLUDING THE UNITED STATES, CANADA, AUSTRALIA, SOUTH AFRICA, JAPAN OR ANY OTHER JURISDICTION IN WHICH OFFERS OR SALES WOULD BE PROHIBITED BY APPLICABLE LAW.

    PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT.

    01 July 2025

    AI Prime & Cy S.C.A. announces pricing of an accelerated placing of shares of InPost S.A.

    AI Prime & Cy S.C.A. (“AI Prime”), an Advent International company has priced an accelerated placing (the “Placing”) to institutional investors of 17.5 million ordinary shares in InPost S.A. (the “Company”), constituting c.3.5% of the Company’s existing share capital, at a price of EUR 13.25 per ordinary share.

    Upon settlement of the Placing, the aggregate total ownership interest of Advent International in the Company’s issued ordinary share capital will be c.6.5%. Settlement is expected to occur on 3 July 2025.

    As part of the transaction, remaining shares in the Company held by AI Prime will be subject to a 60 day lock-up period from the settlement date, subject to customary exemptions.

    Barclays Bank PLC acted as Sole Global Co-ordinator and Bookrunner on the Placing.

    The Company will not receive any proceeds from the Placing.

    IMPORTANT NOTICE

    THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS FOR INFORMATION PURPOSES ONLY AND DOES NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY ANY OF THESE SECURITIES IN THE UNITED STATES, CANADA, AUSTRALIA, SOUTH AFRICA, JAPAN OR ANY OTHER JURISDICTION IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL PRIOR TO REGISTRATION OR QUALIFICATION UNDER THE SECURITIES LAWS OF ANY SUCH JURISDICTION. THE SECURITIES MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES ABSENT REGISTRATION OR AN APPLICABLE EXEMPTION FROM UNITED STATES REGISTRATION REQUIREMENTS. NO PUBLIC OFFER OF SECURITIES IS TO BE MADE IN THE UNITED STATES AND NEITHER THIS ANNOUNCEMENT NOR ANY COPY OF IT MAY BE TAKEN, TRANSMITTED OR DISTRIBUTED, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES (INCLUDING ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA), CANADA, SOUTH AFRICA OR JAPAN. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES, CANADIAN, SOUTH AFRICAN OR JAPANESE SECURITIES LAWS.

    THIS ANNOUNCEMENT AND ANY OFFER OF SHARES PURSUANT TO THE PLACING (“PLACING SHARES“) IF MADE SUBSEQUENTLY ARE ONLY ADDRESSED TO AND DIRECTED AT PERSONS (1) IN THE EEA WHO ARE QUALIFIED INVESTORS WITHIN THE MEANING OF REGULATION (EU) 2017/1129 (THE “PROSPECTUS REGULATION“) AND (2) IN THE UNITED KINGDOM, WHO ARE QUALIFIED INVESTORS WITHIN THE MEANING OF THE PROSPECTUS REGULATION AS IT FORMS PART OF DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 AND WHO HAVE PROFESSIONAL EXPERIENCE IN MATTERS RELATING TO INVESTMENTS WHO FALL WITHIN ARTICLE 19(5) OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 (FINANCIAL PROMOTION) ORDER 2005 (AS AMENDED, THE “ORDER“) OR ARE HIGH NET WORTH ENTITIES FALLING WITHIN ARTICLE 49(2)(A) TO (D) OF THE ORDER OR ARE PERSONS TO WHOM AN OFFER OF THE PLACING SHARES MAY OTHERWISE BE LAWFULLY COMMUNICATED (ALL SUCH PERSONS BEING REFERRED TO AS “RELEVANT PERSONS“). PERSONS WHO ARE NOT RELEVANT PERSONS SHOULD NOT TAKE ANY ACTION ON THE BASIS OF THIS ANNOUNCEMENT AND SHOULD NOT ACT OR RELY ON IT.

    THE SECURITIES REFERRED TO HEREIN WILL BE OFFERED (I) WITHIN THE UNITED STATES ONLY TO A LIMITED NUMBER OF QUALIFIED INSTITUTIONAL BUYERS AS DEFINED IN RULE 144A UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT“) PURSUANT TO AN EXEMPTION FROM, OR IN TRANSACTIONS NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT, AND (II) OUTSIDE THE UNITED STATES IN RELIANCE ON REGULATION S UNDER THE SECURITIES ACT, IN EACH CASE SUBJECT TO PREVAILING MARKET AND OTHER CONDITIONS. THERE IS NO ASSURANCE THAT THE PLACING WILL BE COMPLETED, OR IF COMPLETED, AS TO THE TERMS ON WHICH IT IS COMPLETED. THE SECURITIES REFERRED TO HEREIN HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE SECURITIES ACT AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES WITHOUT REGISTRATION THEREUNDER OR UNLESS PURSUANT TO AN AVAILABLE EXEMPTION THEREFROM. NEITHER THIS DOCUMENT NOR THE INFORMATION CONTAINED HEREIN CONSTITUTES OR FORMS PART OF AN OFFER TO SELL, OR THE SOLICITATION OF AN OFFER TO BUY, SECURITIES IN THE UNITED STATES. THERE WILL BE NO PUBLIC OFFER OF ANY SECURITIES IN THE UNITED STATES OR ANY OTHER JURISDICTION.

    THIS ANNOUNCEMENT DOES NOT, AND SHALL NOT, IN ANY CIRCUMSTANCES CONSTITUTE A PUBLIC OFFERING, NOR AN OFFER TO SELL OR TO SUBSCRIBE, NOR A SOLICITATION TO OFFER TO PURCHASE OR TO SUBSCRIBE SECURITIES IN ANY JURISDICTION. THE DISTRIBUTION OF THIS ANNOUNCEMENT AND THE OFFERING OR SALE OF THE SECURITIES IN CERTAIN JURISDICTIONS MAY BE RESTRICTED BY LAW. NO ACTION HAS BEEN TAKEN BY AI PRIME, BARCLAYS BANK PLC (THE “GLOBAL CO-ORDINATOR“) OR ANY OF THEIR RESPECTIVE AFFILIATES THAT WOULD, OR WHICH IS INTENDED TO, PERMIT A PUBLIC OFFER OF THE SECURITIES IN ANY JURISDICTION OR POSSESSION OR DISTRIBUTION OF THIS ANNOUNCEMENT OR ANY OTHER OFFERING OR PUBLICITY MATERIAL RELATING TO THE SECURITIES IN ANY JURISDICTION WHERE ACTION FOR THAT PURPOSE IS REQUIRED. PERSONS INTO WHOSE POSSESSION THIS ANNOUNCEMENT COMES ARE REQUIRED BY AI PRIME AND THE GLOBAL CO-ORDINATOR TO INFORM THEMSELVES ABOUT AND TO OBSERVE ANY APPLICABLE RESTRICTIONS.

    NO PROSPECTUS OR OFFERING DOCUMENT HAS BEEN OR WILL BE PREPARED IN CONNECTION WITH THE PLACING. ANY INVESTMENT DECISION IN CONNECTION WITH THE PLACING MUST BE MADE SOLELY ON THE BASIS OF PUBLICLY AVAILABLE INFORMATION RELATING TO THE COMPANY AND ITS SHARES. SUCH INFORMATION HAS NOT BEEN INDEPENDENTLY VERIFIED AND AI PRIME AND THE GLOBAL CO-ORDINATOR ARE NOT RESPONSIBLE, AND EXPRESSLY DISCLAIM ANY LIABILITY, FOR SUCH INFORMATION. THE INFORMATION CONTAINED IN THIS ANNOUNCEMENT IS FOR BACKGROUND PURPOSES ONLY AND DOES NOT PURPORT TO BE FULL OR COMPLETE. NO RELIANCE MAY BE PLACED FOR ANY PURPOSE ON THE INFORMATION CONTAINED IN THIS ANNOUNCEMENT OR ON ITS ACCURACY OR COMPLETENESS.

    IN CONNECTION WITH THE PLACING, THE GLOBAL CO-ORDINATOR OR ANY OF ITS AFFILIATES MAY TAKE UP A PORTION OF THE PLACING SHARES AS A PRINCIPAL POSITION AND IN THAT CAPACITY MAY RETAIN, PURCHASE, SELL OR OFFER TO SELL FOR ITS OWN ACCOUNT SUCH PLACING SHARES AND OTHER SECURITIES OF THE COMPANY OR RELATED INVESTMENTS IN CONNECTION WITH THE PLACING OR OTHERWISE. ACCORDINGLY, REFERENCES TO THE PLACING SHARES BEING OFFERED, ACQUIRED, PLACED OR OTHERWISE DEALT IN SHOULD BE READ AS INCLUDING ANY OFFER TO, OR ACQUISITION, PLACING OR DEALING BY THE GLOBAL CO-ORDINATOR AND ANY OF ITS AFFILIATES ACTING AS INVESTORS FOR THEIR OWN ACCOUNTS. THE GLOBAL CO-ORDINATOR DOES NOT INTEND TO DISCLOSE THE EXTENT OF ANY SUCH INVESTMENT OR TRANSACTIONS OTHERWISE THAN IN ACCORDANCE WITH ANY LEGAL OR REGULATORY OBLIGATIONS TO DO SO.

    THIS ANNOUNCEMENT DOES NOT PURPORT TO IDENTIFY OR SUGGEST THE RISKS (DIRECT OR INDIRECT) WHICH MAY BE ASSOCIATED WITH AN INVESTMENT IN THE COMPANY OR ITS SHARES.

    THIS ANNOUNCEMENT DOES NOT CONSTITUTE A RECOMMENDATION CONCERNING THE PLACING. THE PRICE AND VALUE OF SECURITIES AND ANY INCOME FROM THEM CAN GO DOWN AS WELL AS UP. PAST PERFORMANCE IS NOT A GUIDE TO FUTURE PERFORMANCE. ACQUIRING PLACING SHARES TO WHICH THIS ANNOUNCEMENT RELATES MAY EXPOSE AN INVESTOR TO A SIGNIFICANT RISK OF LOSING ALL OF THE AMOUNT INVESTED. POTENTIAL INVESTORS SHOULD CONSULT A PROFESSIONAL ADVISOR AS TO THE SUITABILITY OF THE PLACING FOR THE ENTITY OR PERSON CONCERNED. THIS ANNOUNCEMENT DOES NOT REPRESENT THE ANNOUNCEMENT OF A DEFINITIVE AGREEMENT TO PROCEED WITH THE PLACING AND, ACCORDINGLY, THERE CAN BE NO CERTAINTY THAT THE PLACING WILL PROCEED. AI PRIME RESERVES THE RIGHT NOT TO PROCEED WITH THE PLACING OR TO VARY THE TERMS OF THE PLACING IN ANY WAY.

    BARCLAYS BANK PLC IS AUTHORISED IN THE UNITED KINGDOM BY THE PRUDENTIAL REGULATION AUTHORITY AND REGULATED BY THE FINANCIAL CONDUCT AUTHORITY AND THE PRUDENTIAL REGULATION AUTHORITY.  THE GLOBAL CO-ORDINATOR IS ACTING FOR AI PRIME AND NO-ONE ELSE IN CONNECTION WITH THE PLACING. NEITHER THE GLOBAL CO-ORDINATOR NOR ANY OF ITS AFFILIATES, NOR THEIR RESPECTIVE PARTNERS, DIRECTORS, OFFICERS, EMPLOYEES OR AGENTS WILL REGARD ANY OTHER PERSON AS A CLIENT IN CONNECTION WITH THE PLACING AND THEY WILL NOT BE RESPONSIBLE TO ANYONE OTHER THAN AI PRIME FOR PROVIDING THE PROTECTIONS AFFORDED TO THEIR RESPECTIVE CLIENTS OR FOR PROVIDING ADVICE IN CONNECTION WITH THE PLACING DESCRIBED IN THIS ANNOUNCEMENT OR FOR ANY OTHER MATTERS REFERRED TO HEREIN.

    CERTAIN FIGURES CONTAINED IN THIS ANNOUNCEMENT HAVE BEEN SUBJECT TO ROUNDING ADJUSTMENTS. ACCORDINGLY, IN CERTAIN INSTANCES, THE SUM OR PERCENTAGE CHANGE OF THE NUMBERS CONTAINED IN THIS ANNOUNCEMENT MAY NOT CONFORM EXACTLY WITH THE TOTAL FIGURE GIVEN.

    THIS ANNOUNCEMENT INCLUDES STATEMENTS THAT ARE, OR MAY BE DEEMED TO BE, FORWARD-LOOKING STATEMENTS. THESE FORWARD-LOOKING STATEMENTS MAY BE IDENTIFIED BY THE USE OF FORWARD-LOOKING TERMINOLOGY, INCLUDING THE TERMS “INTENDS”, “EXPECTS”, “WILL”, OR “MAY”, OR, IN EACH CASE, THEIR NEGATIVE OR OTHER VARIATIONS OR COMPARABLE TERMINOLOGY, OR BY DISCUSSIONS OF STRATEGY, PLANS, OBJECTIVES, GOALS, FUTURE EVENTS OR INTENTIONS. THESE FORWARD-LOOKING STATEMENTS INCLUDE ALL MATTERS THAT ARE NOT HISTORICAL FACTS AND INCLUDE STATEMENTS REGARDING INTENTIONS, BELIEFS OR CURRENT EXPECTATIONS. NO ASSURANCES CAN BE GIVEN THAT THE FORWARD-LOOKING STATEMENTS IN THIS ANNOUNCEMENT WILL BE REALISED. AS A RESULT, NO UNDUE RELIANCE SHOULD BE PLACED ON THESE FORWARD-LOOKING STATEMENTS AS A PREDICTION OF ACTUAL EVENTS OR OTHERWISE.

    This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

    The MIL Network

  • ‘Digital India, a people’s movement’: PM Modi charts roadmap for next decade

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi on Tuesday lauded the completion of ten years of the Digital India initiative, describing it as a journey that has transformed governance, empowered citizens, and positioned India as a global leader in digital technology.

    In a post on X, the Prime Minister said, “Today is a historic day as we mark #10YearsOfDigitalIndia! Ten years ago, Digital India began as an initiative to transform our nation into a digitally empowered and technologically advanced society. A decade later, we stand witness to a journey that has touched countless lives and ushered in a new era of empowerment.”

    Launched in 2015, the Digital India mission sought to bridge the country’s vast digital divide and make technology accessible to every citizen. Reflecting on the initiative’s impact, PM Modi said that India’s progress is visible not only in “data and dashboards” but also in the daily lives of 140 crore Indians.

    “While decades were spent doubting the ability of Indians to use technology, we changed this approach and trusted the ability of Indians to use technology,” PM Modi said in an article shared on LinkedIn.

    Expanding Access and Inclusion

    In 2014, India had about 25 crore internet connections. That figure has now grown to over 97 crore, with high-speed internet reaching remote villages and forward military outposts alike. The Prime Minister pointed out that over 42 lakh kilometres of Optical Fibre Cable now connect the country, equivalent to eleven times the distance between Earth and the Moon.

    The success of India’s real-time digital payments system, UPI, has also been a highlight. UPI now handles over 100 billion transactions a year, accounting for nearly half of all real-time digital payments worldwide.

    Through Direct Benefit Transfers (DBT), the government has directly transferred over ₹44 lakh crore to citizens, saving nearly ₹3.48 lakh crore by eliminating middlemen. Schemes like SVAMITVA have issued more than 2.4 crore property cards and mapped over 6.4 lakh villages, providing land ownership security to millions.

    Driving Entrepreneurship and Innovation

    Highlighting the impact on small businesses and entrepreneurs, PM Modi noted that initiatives like ONDC (Open Network for Digital Commerce) and GeM (Government E-Marketplace) have expanded opportunities for millions. ONDC recently crossed 200 million transactions, while GeM has surpassed ₹1 lakh crore GMV in just 50 days.

    “From Banarasi weavers to bamboo artisans in Nagaland, sellers are now reaching customers nationwide, without middlemen or digital monopolies,” the Prime Minister added.

    PM Modi also underlined India’s emergence as a global leader in Digital Public Infrastructure, citing examples like Aadhaar, CoWIN, DigiLocker, and FASTag. He said these platforms are now studied and adopted in other countries, with India launching a Global DPI Repository during its G20 Presidency.

    Looking Ahead

    Calling for greater innovation in the coming decade, the Prime Minister said India is moving from “digital governance to global digital leadership, from India-first to India-for-the-world.”

    He urged the country’s innovators and entrepreneurs to build technology that “unites, includes, and uplifts,” adding, “Let us build what empowers. Let us solve what truly matters.”

    The Prime Minister’s remarks come as India continues to scale its presence in emerging fields like artificial intelligence and digital commerce, supported by initiatives such as the $1.2 billion India AI Mission and new Centres of Excellence across the country.

    “Digital India has not remained a mere government program, it has become a people’s movement,” PM Modi said, reaffirming the initiative’s central role in building an Aatmanirbhar Bharat.

     

  • MIL-OSI Russia: Shanghai Stock Exchange and AIX Sign MoU on Cooperation

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian –

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

    BEIJING, July 1 (Xinhua) — The Shanghai Stock Exchange and AIX (Astana International Exchange) on Monday signed a memorandum of understanding on cooperation, aiming to further strengthen bilateral cooperation and exchanges between the two capital markets.

    As the Zhongguo Zhengquanbao newspaper writes, citing a representative of the Shanghai Stock Exchange, in 2017 the exchange agreed on cooperation with the Kazakhstan International Financial Center Astana and joined the AIX share. By now, AIX has formed a full-fledged infrastructure and a system of market rules, and has also achieved certain results in attracting issuers and investors.

    The signing of the memorandum will promote exchanges and cooperation between the two sides in the fields of information exchange, marketing and product development. It will also lay a solid foundation for cooperation in the capital markets of both countries to support the joint construction of the Belt and Road.

    Under the guidance of the China Securities Regulatory Commission, the Shanghai Stock Exchange will continue to deepen exchanges and cooperation with AIX and the capital market of Kazakhstan. At the same time, it will continuously expand the scope of external communication, steadily promote diversified cooperation with overseas exchanges, so as to promote high-quality opening of the capital market. -0-

    MIL OSI Russia News

  • MIL-OSI: INVL Asset Management raises EUR 35.43 million for investments in funds managed by 17Capital

    Source: GlobeNewswire (MIL-OSI)

    INVL Asset Management, the leading alternative asset manager in the Baltics, raised EUR 35.43 million for investments in funds managed by 17Capital which provides financing to the world’s largest private equity managers, investors, and funds. This success in attracting investor funds further solidifies the Invalda INVL group’s leading position in the Baltic private debt market.

    “The private debt market is experiencing rapid growth globally, and the Baltic region is no exception. Private debt is emerging as an important alternative to traditional financing, while also serving as a valuable tool for portfolio diversification. We appreciate the trust our investors place in us and their decision to leverage the access we provide to globally diversified private debt funds managed by an experienced team. To date, our group has attracted over EUR 75 million to this asset class, reinforcing our leading position in the,” says Justas Riauba, Invalda INVL’s Group Chief Investment Officer.

    A private debt fund INVL Bridge Finance, which had more than EUR 40 million of assets under management at the end of May this year, is also a part of the Invalda INVL group.

    INVL Partner Strategic Lending funds were distributed to the Baltic investors by the financial brokerage firm INVL Financial Advisors, which operates in Lithuania under the INVL Family Office brand.

    “Retail and institutional investors in the Baltic countries are showing strong and growing interest in private debt solutions as an important component of a diversified portfolio. The successful distribution of these funds through the INVL Family Office reflects increasing confidence in structured, institutional-grade products and highlights the growing maturity of investors when it comes to selecting alternative investment solutions,” says Asta Jovaišienė, who heads the INVL Family Office.

    Launched this year, the INVL Partner Strategic Lending funds invest in funds managed by 17Capital, a private credit manager active in North America and Europe. The strategy of that world-class specialised manager’s funds is to lend to the world’s best known private equity funds, managers and management companies against the net asset value (NAV) of their private equity portfolios or the management companies’ investments, as well as to the participants of such funds.

    The minimum investment in the funds for informed investors is EUR 125,000 or, if investments are made in US dollars, USD 145,000. The INVL Partner Strategic Lending funds target an expected net average annual investment return of more than 10%. The anticipated duration of the funds is 7 years.

    Founded in 2008, 17Capital operates primarily from London and New York. The company has completed more than 100 investments and more than 50 exits and since its inception has raised more than USD 13 billion.

    About INVL Asset Management 

    INVL Asset Management is the leading Baltic alternative asset manager. We strive to deliver superior risk-adjusted returns to our investors while positively impacting our region’s economic development. 

    We are part of the Invalda INVL group with a track record spanning over 30 years. Our group manages or has under supervision more than EUR 1.9 billion of assets across multiple asset classes including private equity, forests and agricultural land, renewable energy, real estate as well as private debt. Our scope of activities also includes family office services in Lithuania, Latvia and Estonia, management of pension funds in Latvia, and investments in global third-party funds.

    The person for additional information:
    Justas Riauba, Invalda INVL Group Chief Investment Officer
    Justas.Riauba@invl.com

    The MIL Network

  • MIL-OSI: INVL Asset Management raises EUR 35.43 million for investments in funds managed by 17Capital

    Source: GlobeNewswire (MIL-OSI)

    INVL Asset Management, the leading alternative asset manager in the Baltics, raised EUR 35.43 million for investments in funds managed by 17Capital which provides financing to the world’s largest private equity managers, investors, and funds. This success in attracting investor funds further solidifies the Invalda INVL group’s leading position in the Baltic private debt market.

    “The private debt market is experiencing rapid growth globally, and the Baltic region is no exception. Private debt is emerging as an important alternative to traditional financing, while also serving as a valuable tool for portfolio diversification. We appreciate the trust our investors place in us and their decision to leverage the access we provide to globally diversified private debt funds managed by an experienced team. To date, our group has attracted over EUR 75 million to this asset class, reinforcing our leading position in the,” says Justas Riauba, Invalda INVL’s Group Chief Investment Officer.

    A private debt fund INVL Bridge Finance, which had more than EUR 40 million of assets under management at the end of May this year, is also a part of the Invalda INVL group.

    INVL Partner Strategic Lending funds were distributed to the Baltic investors by the financial brokerage firm INVL Financial Advisors, which operates in Lithuania under the INVL Family Office brand.

    “Retail and institutional investors in the Baltic countries are showing strong and growing interest in private debt solutions as an important component of a diversified portfolio. The successful distribution of these funds through the INVL Family Office reflects increasing confidence in structured, institutional-grade products and highlights the growing maturity of investors when it comes to selecting alternative investment solutions,” says Asta Jovaišienė, who heads the INVL Family Office.

    Launched this year, the INVL Partner Strategic Lending funds invest in funds managed by 17Capital, a private credit manager active in North America and Europe. The strategy of that world-class specialised manager’s funds is to lend to the world’s best known private equity funds, managers and management companies against the net asset value (NAV) of their private equity portfolios or the management companies’ investments, as well as to the participants of such funds.

    The minimum investment in the funds for informed investors is EUR 125,000 or, if investments are made in US dollars, USD 145,000. The INVL Partner Strategic Lending funds target an expected net average annual investment return of more than 10%. The anticipated duration of the funds is 7 years.

    Founded in 2008, 17Capital operates primarily from London and New York. The company has completed more than 100 investments and more than 50 exits and since its inception has raised more than USD 13 billion.

    About INVL Asset Management 

    INVL Asset Management is the leading Baltic alternative asset manager. We strive to deliver superior risk-adjusted returns to our investors while positively impacting our region’s economic development. 

    We are part of the Invalda INVL group with a track record spanning over 30 years. Our group manages or has under supervision more than EUR 1.9 billion of assets across multiple asset classes including private equity, forests and agricultural land, renewable energy, real estate as well as private debt. Our scope of activities also includes family office services in Lithuania, Latvia and Estonia, management of pension funds in Latvia, and investments in global third-party funds.

    The person for additional information:
    Justas Riauba, Invalda INVL Group Chief Investment Officer
    Justas.Riauba@invl.com

    The MIL Network

  • MIL-OSI: Over half of sports fans are turning to AI or gen AI for more personalized content

    Source: GlobeNewswire (MIL-OSI)

    Press contact:
    Elsa Estager Bergerou
    Tel: +33 6 59 62 55 13
    Email: elsa.estager-bergerou@capgemini.com

    Over half of sports fans are turning to AI or gen AI for more personalized content

    • AI has overtaken traditional search engines as the main source for sports information, with 67% of fans wanting all sports data aggregated in one place.
    • Digital insights are filling gaps in the live sports experience, with nearly 70% of fans seeking stats related to team, players and playing conditions primarily pre-match and during breaks.
    • Spectators want balance between tech innovation and authenticity, with almost three out of five fans worrying that too much technology could impact the thrill of live sport.

    Paris, July 1, 2025 – The Capgemini Research Institute today released its latest report, “Beyond the game: The new era of AI-powered sports engagement”, revealing how AI and generative AI (gen AI) are reshaping the global fan experience. As AI-powered tools become the primary gateway for sports content and data, fans still seek the thrill of authentic, in-person moments, therefore highlighting the need to strike a balance between the digital and physical worlds of sport.

    AI and gen AI power the next era of fan engagement
    AI is redefining how fans interact with sports. Over half (54%) of them now use AI or gen AI tools as their main source of information with 59% trusting content generated by these technologies. From personalized match summaries to real-time highlights reels, fans increasingly expect AI and gen AI to aggregate all sports-related content – 67% want a single, streamlined platform where they can discover information aggregated from websites, search engines and social media.

    However, personalization and interactivity are key to ensuring a genuine and authentic fan experience. While the report finds fans are returning to stadiums since the pandemic, with 37% already having attended live matches this year, AI is transforming how fans engage with sports overall. The technology is delivering tailored updates that enhance their experience of the game, with stats and facts about their favorite teams, fixtures, and players.

    Indeed, 64% of fans want AI to provide updates customized to their preferences, a similar number want to compete against well-known players in a virtual space during live games, and 58% would like to replay matches using ‘what-if’ scenarios. Just over a quarter (27%) are even willing to pay a premium for these AI-driven, interactive experiences. For instance, Tour de France fans can now play and follow their Fantasy team in real time, vote and elect the most combative rider of the day or even experience the race from inside an official fans car.

    The true power of AI in sports, and especially gen AI, lies in its ability to transform how fans connect with the game, with athletes, and with each other,” explained Pascal Brier, Chief Innovation Officer at Capgemini and Member of the Group Executive Committee. “As technology evolves, unlocking new ways for fans to curate their own unique experience, will be a blend of real-time data with immersive, interactive opportunities. The challenge is to ensure that these innovations deepen the emotional connections that make sport so powerful for passionate supporters, while preserving the authenticity and integrity that defines the spirit of the game.”

    Balancing innovation with responsibility and the thrill of live sports
    Sports fans today are hungry for data but the report shows their digital engagement peaks before matches and during breaks, rather than during the live play itself. Nearly 70% of fans want access to player metrics and live match data, using these insights to enrich their understanding when the action pauses. By meeting fans’ appetite for insights at these key moments, data enriches the overall viewing experience while keeping the thrill of live sports intact.

    While digital innovation is widely embraced, nearly 60% of sports fans are concerned that too much technology could dampen the excitement of attending events, and over half fear it could diminish their overall enjoyment of the game or match. This highlights the importance of finding the right balance – leveraging technology to elevate the fan experience while preserving what makes live sports so uniquely compelling.

    The report finds that there is a lack of awareness about data privacy aspects of AI-powered sports viewing tools.
    For example, whereas about half of Gen Y and Gen Z fans are aware of the various kinds of data collected and explicitly consent to its storage, this is true for only 38% and 36% of baby boomers, respectively.

    There are also concerns about misinformation, as two-thirds of fans admit being worried that the spread of unverified content on AI or gen AI platforms could increase the risk of athletes being targeted or harassed by disgruntled supporters. What’s more, 57% of fans are concerned about the generation of false content resulting in the spread of misinformation about players or sports teams.

    Stadiums invest in tech to meet rising fan expectations
    The report finds that stadium operators are investing in apps and smart technologies to create smoother, more immersive experiences for digital-native audiences. Over half of attendees say ticketing, scheduling, and real-time apps enhance their stadium experience, while facial recognition entry and digital navigation are also valued.

    Download the full report here.

    Report methodology
    The Capgemini Research Institute surveyed f 12,017 sports fans across 11 countries, in March and April 2025: Australia, Brazil, Canada, France, Germany, Italy, Japan, Spain, Sweden, the UK, and the US. The research explored fan behaviors, attitudes, and expectations around AI, gen AI, and digital innovations in sports.

    About Capgemini
    Capgemini is a global business and technology transformation partner, helping organizations to accelerate their dual transition to a digital and sustainable world, while creating tangible impact for enterprises and society. It is a responsible and diverse group of 340,000 team members in more than 50 countries. With its strong over 55-year heritage, Capgemini is trusted by its clients to unlock the value of technology to address the entire breadth of their business needs. It delivers end-to-end services and solutions leveraging strengths from strategy and design to engineering, all fueled by its market leading capabilities in AI, generative AI, cloud and data, combined with its deep industry expertise and partner ecosystem. The Group reported 2024 global revenues of €22.1 billion.

    Get The Future You Want | www.capgemini.com

    About the Capgemini Research Institute
    The Capgemini Research Institute is Capgemini’s in-house think-tank on all things digital. The Institute publishes research on the impact of digital technologies on large traditional businesses. The team draws on the worldwide network of Capgemini experts and works closely with academic and technology partners. The Institute has dedicated research centers in India, Singapore, the United Kingdom and the United States. It was ranked #1 in the world for the quality of its research by independent analysts for six consecutive times – an industry first.

    Visit us at https://www.capgemini.com/researchinstitute/

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    The MIL Network

  • MIL-OSI: EUR 150 million share buyback completed

    Source: GlobeNewswire (MIL-OSI)

    Schiphol, July 1, 2025 – Aegon today announces the completion of its EUR 150 million share buyback program that began on January 13, 2025.

    Between January 13, 2025, and June 30, 2025, 25,200,170 common shares were repurchased for a total amount of EUR 150 million at an average price of EUR 5.9641 per share. Aegon will use 6,720,045 common shares to meet its obligations resulting from share-based compensation plans for senior management and cancel the remainder of the repurchased shares in the second half of 2025.

    For further details, visit our share buyback updates page at aegon.com.

    Contacts

    About Aegon
    Aegon is an international financial services holding company. Aegon’s ambition is to build leading businesses that offer their customers investment, protection, and retirement solutions. Aegon’s portfolio of businesses includes fully owned businesses in the United States and United Kingdom, and a global asset manager. Aegon also creates value by combining its international expertise with strong local partners via insurance joint-ventures in Spain & Portugal, China, and Brazil, and via asset management partnerships in France and China. In addition, Aegon owns a Bermuda-based life insurer and generates value via a strategic shareholding in a market leading Dutch insurance and pensions company.

    Aegon’s purpose of helping people live their best lives runs through all its activities. As a leading global investor and employer, Aegon seeks to have a positive impact by addressing critical environmental and societal issues. Aegon is headquartered in Schiphol, the Netherlands, domiciled in Bermuda, and listed on Euronext Amsterdam and the New York Stock Exchange. More information can be found at aegon.com.

    Forward-looking statements
    The statements contained in this document that are not historical facts are forward-looking statements as defined in the US Private Securities Litigation Reform Act of 1995. The following are words that identify such forward-looking statements: aim, believe, estimate, target, intend, may, expect, anticipate, predict, project, counting on, plan, continue, want, forecast, goal, should, would, could, is confident, will, and similar expressions as they relate to Aegon. These statements may contain information about financial prospects, economic conditions and trends and involve risks and uncertainties. In addition, any statements that refer to sustainability, environmental and social targets, commitments, goals, efforts and expectations and other events or circumstances that are partially dependent on future events are forward-looking statements. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Aegon undertakes no obligation, and expressly disclaims any duty, to publicly update or revise any forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which merely reflect company expectations at the time of writing. Actual results may differ materially and adversely from expectations conveyed in forward-looking statements due to changes caused by various risks and uncertainties. Such risks and uncertainties include but are not limited to the following:

    • Changes in general economic and/or governmental conditions, particularly in Bermuda, the United States, the United Kingdom and in relation to Aegon’s shareholding in ASR Nederland N.V. and asset management business, the Netherlands;
    • Civil unrest, (geo-) political tensions, military action or other instability in countries or geographic regions that affect our operations or that affect global markets;
    • Changes in the performance of financial markets, including emerging markets, such as with regard to:         
      • The frequency and severity of defaults by issuers in Aegon’s fixed income investment portfolios;
      • The effects of corporate bankruptcies and/or accounting restatements on the financial markets and the resulting decline in the value of equity and debt securities Aegon holds;
      • The effects of declining creditworthiness of certain public sector securities and the resulting decline in the value of government exposure that Aegon holds;
      • The impact from volatility in credit, equity, and interest rates;
    • Changes in the performance of Aegon’s investment portfolio and decline in ratings of Aegon’s counterparties;
    • The effect of tariffs and potential trade wars on trading markets and on economic growth, globally and in the markets where Aegon operates.
    • Lowering of one or more of Aegon’s debt ratings issued by recognized rating organizations and the adverse impact such action may have on Aegon’s ability to raise capital and on its liquidity and financial condition;
    • Lowering of one or more of insurer financial strength ratings of Aegon’s insurance subsidiaries and the adverse impact such action may have on the written premium, policy retention, profitability and liquidity of its insurance subsidiaries;
    • The effect of applicable Bermuda solvency requirements, the European Union’s Solvency II requirements, and applicable equivalent solvency requirements and other regulations in other jurisdictions affecting the capital Aegon is required to maintain and our ability to pay dividends;
    • Changes in the European Commissions’ or European regulator’s position on the equivalence of the supervisory regime for insurance and reinsurance undertakings in force in Bermuda;
    • Changes affecting interest rate levels and low or rapidly changing interest rate levels;
    • Changes affecting currency exchange rates, in particular the EUR/USD and EUR/GBP exchange rates;
    • The effects of global inflation, or inflation in the markets where Aegon operates;
    • Changes in the availability of, and costs associated with, liquidity sources such as bank and capital markets funding, as well as conditions in the credit markets in general such as changes in borrower and counterparty creditworthiness;
    • Increasing levels of competition, particularly in the United States, the United Kingdom, emerging markets and in relation to Aegon’s shareholding in ASR Nederland N.V. and asset management business, the Netherlands;
    • Catastrophic events, either manmade or by nature, including by way of example acts of God, acts of terrorism, acts of war and pandemics, could result in material losses and significantly interrupt Aegon’s business;
    • The frequency and severity of insured loss events;
    • Changes affecting longevity, mortality, morbidity, persistence and other factors that may impact the profitability of Aegon’s insurance products and management of derivatives;
    • Aegon’s projected results are highly sensitive to complex mathematical models of financial markets, mortality, longevity, and other dynamic systems subject to shocks and unpredictable volatility. Should assumptions to these models later prove incorrect, or should errors in those models escape the controls in place to detect them, future performance will vary from projected results;
    • Reinsurers to whom Aegon has ceded significant underwriting risks may fail to meet their obligations;
    • Changes in customer behavior and public opinion in general related to, among other things, the type of products Aegon sells, including legal, regulatory or commercial necessity to meet changing customer expectations;
    • Customer responsiveness to both new products and distribution channels;
    • Third-party information used by us may prove to be inaccurate and change over time as methodologies and data availability and quality continue to evolve impacting our results and disclosures;
    • As Aegon’s operations support complex transactions and are highly dependent on the proper functioning of information technology, operational risks such as system disruptions or failures, security or data privacy breaches, cyberattacks, human error, failure to safeguard personally identifiable information, changes in operational practices or inadequate controls including with respect to third parties with which Aegon does business, may disrupt Aegon’s business, damage its reputation and adversely affect its results of operations, financial condition and cash flows;
    • Aegon’s failure to swiftly, effectively, and securely adapt and integrate emerging technologies;
    • The impact of acquisitions and divestitures, restructurings, product withdrawals and other unusual items, including Aegon’s ability to complete, or obtain regulatory approval for, acquisitions and divestitures, integrate acquisitions, and realize anticipated results from such transactions, and its ability to separate businesses as part of divestitures;
    • Aegon’s failure to achieve anticipated levels of earnings or operational efficiencies, as well as other management initiatives related to cost savings, Cash Capital at Holding, gross financial leverage and free cash flow;
    • Changes in the policies of central banks and/or governments;
    • Litigation or regulatory action that could require Aegon to pay significant damages or change the way Aegon does business;
    • Competitive, legal, regulatory, or tax changes that affect profitability, the distribution cost of or demand for Aegon’s products;
    • Consequences of an actual or potential break-up of the European Monetary Union in whole or in part, or further consequences of the exit of the United Kingdom from the European Union and potential consequences if other European Union countries leave the European Union;
    • Changes in laws and regulations, or the interpretation thereof by regulators and courts, including as a result of comprehensive reform or shifts away from multilateral approaches to regulation of global or national operations, particularly regarding those laws and regulations related to ESG matters, those affecting Aegon’s operations’ ability to hire and retain key personnel, taxation of Aegon companies, the products Aegon sells, the attractiveness of certain products to its consumers and Aegon’s intellectual property;
    • Regulatory changes relating to the pensions, investment, insurance industries and enforcing adjustments in the jurisdictions in which Aegon operates;
    • Standard setting initiatives of supranational standard setting bodies such as the Financial Stability Board and the International Association of Insurance Supervisors or changes to such standards that may have an impact on regional (such as EU), national (such as Bermuda) or US federal or state level financial regulation or the application thereof to Aegon;
    • Changes in accounting regulations and policies or a change by Aegon in applying such regulations and policies, voluntarily or otherwise, which may affect Aegon’s reported results, shareholders’ equity or regulatory capital adequacy levels;
    • The rapidly changing landscape for ESG responsibilities, leading to potential challenges by private parties and governmental authorities, and/or changes in ESG standards and requirements, including assumptions, methodology and materiality, or a change by Aegon in applying such standards and requirements, voluntarily or otherwise, may affect Aegon’s ability to meet evolving standards and requirements, or Aegon’s ability to meet its sustainability and ESG-related goals, or related public expectations, which may also negatively affect Aegon’s reputation or the reputation of its board of directors or its management;
    • Unexpected delays, difficulties, and expenses in executing against Aegon’s environmental, climate, or other ESG targets, goals and commitments, and changes in laws or regulations affecting us, such as changes in data privacy, environmental, health and safety laws; and
    • Reliance on third-party information in certain of Aegon’s disclosures, which may change over time as methodologies and data availability and quality continue to evolve. These factors, as well as any inaccuracies in third-party information used by Aegon, including in estimates or assumptions, may cause results to differ materially and adversely from statements, estimates, and beliefs made by Aegon or third-parties. Moreover, Aegon’s disclosures based on any standards may change due to revisions in framework requirements, availability of information, changes in its business or applicable governmental policies, or other factors, some of which may be beyond Aegon’s control. Additionally, Aegon’s discussion of various ESG and other sustainability issues in this document or in other locations, including on our corporate website, may be informed by the interests of various stakeholders, as well as various ESG standards, frameworks, and regulations (including for the measurement and assessment of underlying data). As such, our disclosures on such issues, including climate-related disclosures, may include information that is not necessarily “material” under US securities laws for SEC reporting purposes, even if we use words such as “material” or “materiality” in relation to those statements. ESG expectations continue to evolve, often quickly, including for matters outside of our control; our disclosures are inherently dependent on the methodology (including any related assumptions or estimates) and data used, and there can be no guarantee that such disclosures will necessarily reflect or be consistent with the preferred practices or interpretations of particular stakeholders, either currently or in future.

    This document contains information that qualifies, or may qualify, as inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation (596/2014). Further details of potential risks and uncertainties affecting Aegon are described in its filings with the Netherlands Authority for the Financial Markets and the US Securities and Exchange Commission, including the 2024 Integrated Annual Report. These forward-looking statements speak only as of the date of this document. Except as required by any applicable law or regulation, Aegon expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in Aegon’s expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.

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    The MIL Network

  • MIL-OSI: Lay jury verdict in the TriZetto trial

    Source: GlobeNewswire (MIL-OSI)

                                                                    Press Release

    Lay jury verdict in the TriZetto trial

    Paris – July 1st, 2025. Atos Group acknowledges that, on 30 June 2025, a lay jury in the United States District Court for the Southern District of New York awarded compensatory damages in the amount of close to 70 million dollars to be paid by Syntel to TriZetto, as part of Syntel’s ongoing litigation with Cognizant and its subsidiary Trizetto, for damages due to Syntel’s misappropriation and copyright infringement. The case started in 2015 between Syntel and TriZetto and predated the 2018 acquisition of Syntel by Atos.

    The lay jury verdict will now be reviewed by the judge and a final decision is expected within the following months, which could be assorted of punitive damages. Atos will have the right to appeal.

    ***

    About Atos Group

    Atos Group is a global leader in digital transformation with c. 72,000 employees and annual revenue of c. € 10 billion, operating in 68 countries under two brands – — Atos for services and Eviden for products. European number one in cybersecurity, cloud and high-performance computing, Atos Group is committed to a secure and decarbonized future and provides tailored AI-powered, end-to-end solutions for all industries. Atos is a SE (Societas Europaea) and listed on Euronext Paris.

    The purpose of Atos Group is to help design the future of the information space. Its expertise and services support the development of knowledge, education and research in a multicultural approach and contribute to the development of scientific and technological excellence. Across the world, the Group enables its customers and employees, and members of societies at large to live, work and develop sustainably, in a safe and secure information space.

    Press contact

    Investor relations: investors@atos.net

    Individual shareholders: +33 8 05 65 00 75

    Media relations: globalprteam@atos.net

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    The MIL Network

  • MIL-OSI: Payscale Expands Global Footprint with Bucharest Technology Hub

    Source: GlobeNewswire (MIL-OSI)

    BOSTON, July 01, 2025 (GLOBE NEWSWIRE) — Payscale Inc., the leading provider of compensation intelligence solutions, today announced the opening of its Bucharest Technology Hub to reinforce Payscale’s commitment to AI-driven innovation with access to Romania’s highly skilled workforce.

    “Romania is a strategic bet in the future of Payscale,” Payscale CEO Chris Hays said. “Bucharest offers exceptional engineering talent, a business-friendly EU time zone, and a mature innovation ecosystem. It’s a forward-looking choice for the next chapter of our global expansion.”

    The Bucharest Technology Hub will allow Payscale to focus on further investment in AI research and development, accelerating innovative compensation solutions and delivering more features faster, so customers stay ahead in an ever-changing business climate. This strategic expansion marks a significant milestone in the company’s global growth trajectory and elevates the organization’s commitment to leveraging AI as a catalyst for innovation rather than a threat to jobs.

    “The Romanian talent we hire will be focused on meaningful projects, directly contributing to the architecture and design of products for the market leader and pay pioneers with decades of data innovation,” Payscale Regional Vice President Paul Pitu said. “The intelligent solutions we create will shape the world of work for millions of employees around the world for years to come.”

    Romanian employees will continue Payscale’s tradition of a remote work culture with the ability to collaborate across cities, countries, and time zones. The Bucharest Technology Hub expands that vision with the trust that its employees can get work done wherever they choose to work, whether it’s in the Bucharest office or at home, and collaborate in person on occasion.

    “Remote work is woven into the fabric of who Payscale is as an organization and is instrumental to its success,” Payscale Chief People Officer Lexi Clarke said. “We believe the flexibility that remote work offers helps Payscale create more innovative solutions and recruit the brightest talent for long-term careers.”

    Learn more about Payscale’s career opportunities at: https://www.payscale.com/careers.

    About Payscale

    Payscale is the original compensation innovator for organizations who want to scale their business with pay and transform their largest investment into their greatest advantage. With decades of innovation in sourcing reputable data and developing AI-powered tools, Payscale delivers actionable insights that turn pay from a cost to a catalyst. Its suite of solutions — Payfactors, Marketpay, and Paycycle — empower 65% of Fortune 500 companies and businesses like Panasonic, ZoomInfo, Chipotle, AccentCare, University of Washington, American Airlines, and RiteAid.

    Create confidence in your compensation. Payscale.

    To learn more, visit www.payscale.com.

    Contact: Press@Payscale.com

    The MIL Network

  • Centre launches BhashaSetu challenge to develop Real-Time Language Tech

    Source: Government of India

    Source: Government of India (4)

    The centre on Monday launched the WAVEX Startup Challenge 2025, inviting startups from across the country to develop an AI-based real-time multilingual translation solution under its flagship accelerator programme, WaveX.

    The challenge, titled ‘BhashaSetu – Real-Time Language Tech for Bharat’, seeks to encourage the creation of innovative tools that can handle translation, transliteration, and voice localisation in real time across at least 12 major Indian languages. Officials said the initiative aims to foster inclusive and accessible communication technologies that are sensitive to India’s linguistic diversity.

    There is no minimum eligibility criterion for participation, allowing startups at any stage of development to apply. Startups have been encouraged to build scalable and cost-effective solutions, leveraging open-source or low-cost artificial intelligence models. Proprietary models may also be considered, provided they remain affordable for wide-scale deployment.

    The winning team will receive incubation support under the WaveX Accelerator, which will include mentorship, workspace, and development assistance until the solution is fully developed and deployed. Registrations opened on June 30 and will close on July 22. Interested startups may submit their proposals through the official WaveX portal.

    WaveX was launched under the Ministry’s WAVES initiative to promote innovation in the media, entertainment, and language technology sectors. At the WAVES Summit held in Mumbai this May, over 30 startups pitched their ideas directly to government representatives, investors, and industry leaders.

    Officials said that WaveX will continue to support promising startups through hackathons, incubation, mentorship, and opportunities for integration with national platforms.

    Startups can register for the challenge at: https://wavex.wavesbazaar.com

  • Union Minister HD Kumaraswamy Inaugurates NMDC and MECON International Offices in Dubai

    Source: Government of India

    Source: Government of India (4)

    Union Minister HD Kumaraswamy, Minister of Steel and Heavy Industries, led a high-level delegation to Dubai where he formally inaugurated the international offices of two major Indian public sector enterprises, NMDC Limited and MECON Limited, on June 30, 2025, marking a significant milestone in India’s expanding global industrial presence in the Middle East.

    The inauguration ceremony was attended by distinguished dignitaries including Ambassador of India to the UAE Sunjay Sudhir, Consul General of India Dubai Satish Kumar Sivan, Joint Secretary Ministry of Steel Vinod Kumar Tripathi, Chairman and Managing Director of NMDC Amitava Mukherjee, Chairman and Managing Director of SAIL Amarendu Prakash, Director Finance MECON, and other senior representatives from the Ministry of Steel, Embassy of India UAE, and the Indian Consulate in Dubai.

    NMDC’s new Dubai office represents a strategic expansion of India’s largest iron ore producer into international markets, designed to unlock new trade partnerships, enhance raw material security, and strengthen India’s self-reliance while boosting global competitiveness in the minerals sector. The Dubai office will serve as a strategic hub for NMDC, actively tracking developments in the mineral sectors across the MENA region, Africa, and Australia, including regulatory changes and government policies. It will focus on scouting mineral assets, conducting technical due diligence, and facilitating engagements with government bodies, business partners, and research institutions.

    Speaking on the occasion, Amitava Mukherjee, Chairman and Managing Director of NMDC, said, “Dubai represents a gateway to global opportunity. With this new office, NMDC is poised to redefine the mining landscape. With our expansion we are revolutionizing our approach to mineral development, securing India’s position as a leader in the mining industry, driving innovation in resource utilization.”

    The office will provide real-time market intelligence and timely decision support, enabling NMDC’s leadership to respond swiftly to global opportunities while building a reliable network for confidential insights on peer companies and exploring collaborations in Mining Equipment and Technology Services. As part of its global mineral diversification strategy, NMDC has been actively evaluating acquisition opportunities across 10 strategic mineral assets globally and exploring critical mineral block acquisitions in Africa, Australia and South America to strengthen its presence in the global critical mineral value chain.

    MECON Limited’s Dubai office inauguration follows the same strategic vision, with the engineering consultancy firm poised to expand India’s footprint in infrastructure and industrial consultancy across the Middle East and beyond. The establishment marks a significant step in showcasing India’s engineering expertise on the global stage, particularly in sectors including engineering, oil and gas, mining, and steel manufacturing. MECON is a frontline design, engineering, consultancy and contracting organisation under the Ministry of Steel, rendering the entire gamut of services from concept to commissioning for more than six decades for setting up projects in metals and mining, power, oil and gas, infrastructure and defense and strategic projects.

    The inauguration of MECON’s Dubai office represents a significant step forward in the company’s journey towards building global footprints for Indian engineering excellence with the unwavering support of the Ministry of Steel. MECON provides one-stop solutions for engineering projects with a workforce of over 800 engineers and experts from more than 30 different engineering disciplines. The company is positioned to explore mutual opportunities, deliver world-class services and contribute to the region’s growth.

    During his visit, the minister also engaged in productive discussions with leading CEOs and Managing Directors of major Indian-origin companies operating in the UAE. The interactions underscored the diplomatic significance of the industrial collaboration initiative, with discussions centered on strengthening industrial cooperation, advancing India-UAE economic ties, and creating new pathways for growth in steel, heavy industries, and strategic investments.

    NMDC Limited, formerly National Mineral Development Corporation, is India’s largest iron ore producer and exporter, founded in 1958 as a fully government-owned entity under the Ministry of Steel. The company produces more than 45 million tonnes annually and operates mines in Bailadila, Chhattisgarh, and Donimalai, Karnataka, while maintaining its position as one of India’s most profitable public sector enterprises involved in the exploration of iron ore, rock, gypsum, magnesite, diamond, tin, tungsten, graphite, and coal.

    MECON Limited, formerly known as Metallurgical & Engineering Consultants India Limited, is a central public sector undertaking under the Ministry of Steel established in 1959. The company provides design, engineering, and consultancy services for heavy industry including ferrous and non-ferrous metals, oil and gas, power, and infrastructure sectors, offering comprehensive services ranging from project conceptualization to implementation, including consultancy, design and engineering, procurement of plant and equipment, inspection, construction, project management, and turnkey project execution for both greenfield and brownfield industrial projects.

  • Union Minister HD Kumaraswamy Inaugurates NMDC and MECON International Offices in Dubai

    Source: Government of India

    Source: Government of India (4)

    Union Minister HD Kumaraswamy, Minister of Steel and Heavy Industries, led a high-level delegation to Dubai where he formally inaugurated the international offices of two major Indian public sector enterprises, NMDC Limited and MECON Limited, on June 30, 2025, marking a significant milestone in India’s expanding global industrial presence in the Middle East.

    The inauguration ceremony was attended by distinguished dignitaries including Ambassador of India to the UAE Sunjay Sudhir, Consul General of India Dubai Satish Kumar Sivan, Joint Secretary Ministry of Steel Vinod Kumar Tripathi, Chairman and Managing Director of NMDC Amitava Mukherjee, Chairman and Managing Director of SAIL Amarendu Prakash, Director Finance MECON, and other senior representatives from the Ministry of Steel, Embassy of India UAE, and the Indian Consulate in Dubai.

    NMDC’s new Dubai office represents a strategic expansion of India’s largest iron ore producer into international markets, designed to unlock new trade partnerships, enhance raw material security, and strengthen India’s self-reliance while boosting global competitiveness in the minerals sector. The Dubai office will serve as a strategic hub for NMDC, actively tracking developments in the mineral sectors across the MENA region, Africa, and Australia, including regulatory changes and government policies. It will focus on scouting mineral assets, conducting technical due diligence, and facilitating engagements with government bodies, business partners, and research institutions.

    Speaking on the occasion, Amitava Mukherjee, Chairman and Managing Director of NMDC, said, “Dubai represents a gateway to global opportunity. With this new office, NMDC is poised to redefine the mining landscape. With our expansion we are revolutionizing our approach to mineral development, securing India’s position as a leader in the mining industry, driving innovation in resource utilization.”

    The office will provide real-time market intelligence and timely decision support, enabling NMDC’s leadership to respond swiftly to global opportunities while building a reliable network for confidential insights on peer companies and exploring collaborations in Mining Equipment and Technology Services. As part of its global mineral diversification strategy, NMDC has been actively evaluating acquisition opportunities across 10 strategic mineral assets globally and exploring critical mineral block acquisitions in Africa, Australia and South America to strengthen its presence in the global critical mineral value chain.

    MECON Limited’s Dubai office inauguration follows the same strategic vision, with the engineering consultancy firm poised to expand India’s footprint in infrastructure and industrial consultancy across the Middle East and beyond. The establishment marks a significant step in showcasing India’s engineering expertise on the global stage, particularly in sectors including engineering, oil and gas, mining, and steel manufacturing. MECON is a frontline design, engineering, consultancy and contracting organisation under the Ministry of Steel, rendering the entire gamut of services from concept to commissioning for more than six decades for setting up projects in metals and mining, power, oil and gas, infrastructure and defense and strategic projects.

    The inauguration of MECON’s Dubai office represents a significant step forward in the company’s journey towards building global footprints for Indian engineering excellence with the unwavering support of the Ministry of Steel. MECON provides one-stop solutions for engineering projects with a workforce of over 800 engineers and experts from more than 30 different engineering disciplines. The company is positioned to explore mutual opportunities, deliver world-class services and contribute to the region’s growth.

    During his visit, the minister also engaged in productive discussions with leading CEOs and Managing Directors of major Indian-origin companies operating in the UAE. The interactions underscored the diplomatic significance of the industrial collaboration initiative, with discussions centered on strengthening industrial cooperation, advancing India-UAE economic ties, and creating new pathways for growth in steel, heavy industries, and strategic investments.

    NMDC Limited, formerly National Mineral Development Corporation, is India’s largest iron ore producer and exporter, founded in 1958 as a fully government-owned entity under the Ministry of Steel. The company produces more than 45 million tonnes annually and operates mines in Bailadila, Chhattisgarh, and Donimalai, Karnataka, while maintaining its position as one of India’s most profitable public sector enterprises involved in the exploration of iron ore, rock, gypsum, magnesite, diamond, tin, tungsten, graphite, and coal.

    MECON Limited, formerly known as Metallurgical & Engineering Consultants India Limited, is a central public sector undertaking under the Ministry of Steel established in 1959. The company provides design, engineering, and consultancy services for heavy industry including ferrous and non-ferrous metals, oil and gas, power, and infrastructure sectors, offering comprehensive services ranging from project conceptualization to implementation, including consultancy, design and engineering, procurement of plant and equipment, inspection, construction, project management, and turnkey project execution for both greenfield and brownfield industrial projects.

  • MIL-OSI Australia: Press Conference – Bankstown

    Source: Murray Darling Basin Authority

    PROFESSOR GEORGE WILLIAMS, VICE-CHANCELLOR AND PRESIDENT OF WESTERN SYDNEY UNIVERSITY: I’d like to begin by acknowledging the people of the Dharug Nation and pay my respects to elders past and present, and particularly welcome Minister Jason Clare, the Education Minister, Mary O’ Kane, we’ve also got Andrew Giles here as well; Emeritus Professor Barney Glover and we’ve got Professor Geoff Lee as well from WSU.

    I’m delighted that this is the first day of ATEC here on our Bankstown campus. It’s a particularly important place to recognise the start of ATEC. We’re going to have TAFE moving into this building shortly and I’m looking forward to our students whizzing up and down the lifts. I’m delighted to see a lot of our students here today as well, studying education. From our point of view, we’re really committed as a university to delivering on the Accord. We see ourselves as the university of the Accord that will make sure we reach our targets of 1.8 million people by 2050 studying at university. That gets us from 45 to 55 per cent of students studying a bachelor’s degree. And we know here what is needed to get those students into study, particularly equity students, and to give them the opportunities that they deserve.

    I’d also say, though, what we’re seeing at Western as the Accord recognised, is that there are problems with the system that are getting in the way of us being able to deliver on that ambitious goal. We’ve seen 10 to 15 per cent decreases in the number of students from low SES and also equity backgrounds, such as first in family coming to university. And so, for us today, this is a really important announcement because it marks the opportunity to start fixing a broken system so that every student, irrespective of their postcode, irrespective of their background, has the opportunity to world world-class university education.

    From our point of view, we look forward to working with the Minister in ATEC, particularly to fix the Job-ready Graduates programme, which is means a $50,000 arts cost of a degree for many of our students and that’s actively dissuading our students from studying at university. We also know that it needs to go beyond the really good package that reduces student debt to actually dealing with the fees in the first place to make sure that students can afford to come to university. We also look forward to working with ATEC, particularly on international students. They are critical contributors to the Western Sydney economy, particularly nurses and other areas where we’re dealing with critical shortages. And in our case, 24 cents in every dollar paid by an international student supports an Australian student in their study. They support food, equity programmes and the like. And again, we look forward to contributing there. So, from our point of view, we’re really delighted here at Bankstown on this historic day. I’d also like particularly to acknowledge Barney, whose vision led to this building some years ago. And we’re pleased to be here, pleased to support ATEC and look forward to supporting its work.

    JASON CLARE, MINISTER FOR EDUCATION: Thanks very much, George. And this is really the perfect place to launch the Australian Tertiary Education Commission. As George mentioned, this is the vision of Barney in many senses. This building emerged out of the ground over the course of COVID and now stands as the tallest building in Bankstown, with that big sign at the top saying Western Sydney University. And I said when this building was officially opened a couple of years ago that this is more than just a building, it’s a beacon. When those lights shine brightly over Bankstown every night, people see it. I know the students here would see it. And I hope that young people right across our community see it and think, well, maybe university is for me as well.

    When I was a kid growing up in Western Sydney, university was somewhere else. And for a lot of kids that I went to school with, university felt like it was for someone else, that it was not for kids in the western suburbs of Sydney. There was lots of Macca’s logos, lots of KFC logos, lots of Westfield logos, not a lot of university logos. That’s now changing, and that’s important if we’re going to break down that invisible barrier that stops a lot of young people from giving university a crack in the first place. And that’s a big part of what the Universities Accord was about. It’s also a big part of what ATEC is about. And as you just mentioned a moment ago, George, something else exciting is about to happen here at this fantastic building, and that is, from January next year, Bankstown TAFE is moving in. The top eight floors of this building will be occupied by students from Bankstown TAFE that are just across the road at the moment. And so, from next year, in one building, you’re going to have TAFE and university all under one roof. That sends a really important message as well, about making sure that our tertiary education system is more joined up, that we’re working together, that we’re making it easier for students to move between TAFE and university. And again, that’s a really big part of what the Universities Accord report was all about, about trying to break down that artificial barrier that stops a lot of people from moving from one part of the system to another.

    The Universities Accord report was released just over a year ago and it’s a really important piece of work. And I want to thank Professor Mary O’ Kane in particular, and the team that she led for producing that report for the nation. It’s a blueprint for how we reform higher education for the next decade and beyond. And we’ve now started the process of implementing its recommendations. That includes things like university study hubs in our regions and in our suburbs. It includes fee-free university courses, those bridging courses that help young people – that might have finished school, but they’re not ready for uni yet – to do a free course to get ready to start a university degree. It includes the changes we’re making to HECS. We’ve made changes to indexation last year. In a couple of weeks, I’ll introduce legislation into the Parliament that will cut the student debt of 3 million Australians by 20 per cent, including the students that are here with us today.

    And it also includes paid prac for the first time ever. From today, the Australian Government will be investing in providing financial support for teaching students, for nursing students, for midwifery students, and for social work students while they do the practical part of their training. It’s worth almost half a billion dollars and it’s real practical support while you do your practical training. These are young people who are going to teach our children, who are going to look after us when we’re sick, who are going to help women during childbirth, help women fleeing domestic violence, some of the most important jobs in this country. And this is real practical help to help with the practical part of their degree.

    And today something else happens, something else from the Accord comes to life. And that’s the establishment of the Australian Tertiary Education Commission. And its real purpose is to drive long term reform. Implementing the Accord is the job of more than just one minister or two ministers or, or one government or two governments. It’s long-term reform, and that requires a steward that’s going to drive and implement reform over the next decade and beyond. And that’s why Mary and the team recommended it. That’s why the government is implementing it. From today, an interim Australian Tertiary Education Commission comes to life while we introduce legislation to make it permanent. And the people who recommended it are the people who are going to help to bring it to life. I’m bringing the band back together.

    Professor Mary O’ Kane, thank you for agreeing to be the interim chair of, well, the chair of the interim ATEC. Barney, you’re sort of wearing a semi hat here as the head of JSA, but helping us as one of the commissioners as well. And Larissa Behrendt, distinguished Professor Larissa Behrendt, who’s not with us today, but has also agreed to be one of the commissioners of the interim ATEC. It’s about getting the people who recommended this to help bring it to life, to lift words off the page and make this real. As George pointed out, the role of the ATEC is critical. It’s about making the system more joined up. It’s about compacts with universities about what they do. It’s about striking funding agreements with universities to implement the important work that universities do in different parts of the country. Not every university needs to be the same or do the same thing and the ATEC will be critical in that and providing advice to us on the cost of courses and the funding of courses and the costs that students pay. So, this is really important and it’s not just about universities. We called this the Australian Tertiary Education Commission for a reason, because we want to look at the whole system, make sure that it’s more joined up and working together. And so, this body reports to both of us, Minister for Education and the Minister for Skills. And I’d ask Andrew to say a few words.

    ANDREW GILES, MINISTER FOR SKILLS AND TRAINING: Yeah, thanks very much, Jason. This is a really important day. Jason, you’ve just been talking about long term reform. Well, I’m conscious that people have been talking about harmonisation in tertiary education for a very, very long time. But today it becomes concrete, with the interim Australian Tertiary Education Committee taking its first steps. And I really do look forward to hearing from Mary and from Barney in a few minutes about the journey to date and the journey going forward.

    Because this is long term reform that has been a long time in the making but is absolutely fundamental for the reasons that Jason set out. But also as we think about the needs of the Australian economy today and into the future, I’m very conscious that Jobs and Skills Australia are telling us that nine in 10 jobs require some form of post compulsory qualification and that amongst those there’s roughly a 50/50 split between those that require a university degree and those that require vocational education and training. So, when I think about that split, I think about how important it is that we’re standing right here in Bankstown, in your electorate Jase, in a building that will very shortly bring that vision to physical life with the proximity of TAFE and university students. And that’s a symbol also of a big part of the ongoing work of the ATEC about building clearer pathways between vocational and university education, breaking down some of those barriers, because there’s really two barriers that we’re talking about here. The ones that are preventing too many Australians from accessing university or vocational pathways, and those that are stopping people from being the adaptive learners that they want to be and which our economy demands. So, there’s really important work in two respects for the ATEC to get underway.

    I feel really excited, though, to be at the ground floor of this great long-term enterprise as we seek to do two things. We seek to support a labour market that works for Australia to grow the Australian economy, to make sure that there’s a better fit between the jobs that are out there and the pathways that we are offering and making accessible to young and indeed not so young Australians. And on the other hand, to make sure that every Australian can access the skills they want for a fulfilling, rewarding and secure job into the future. So, today we take a really big step forward. It’s a step that’s really all about partnership. I’m thrilled to work so closely with Jason in his capacity as Minister for Education. I’m thrilled to work with people across the sector, whether it’s in vocational education, whether it’s in university, whether it’s employers, whether it’s unions, whether it’s experts, to make sure that we have an education system that is fit for purpose. And when I say fit for purpose, that’s fit for the needs of our economy and fit to meet the needs and the aspirations of every Australian in every corner of this great country. With that, I’m really pleased to hand over to Mary O’ Kane, who really in, in many senses is the architect of this vision and then will take on board stewardship of seeing it realised. So, thank you, Mary.

    MARY O’KANE, CHIEF COMMISSIONER OF THE INTERIM AUTRALIAN TERTIARY EDUCATION COMMISSION: Thank you, Minister. Well, this is a very exciting day and it’s particularly thrilling to have a group of teaching students here. You’re the symbol of why we worked hard on the Accord and why we’re so thrilled that the Tertiary Education Commission is starting. It’s actually starting again. A little bit of a history lesson. It actually was the Labor Government at the end of the war established it. It was then picked up by the Menzies Government, the Liberal Government after that, and added to, and went for a long time to 1988. And there hasn’t been one for a while. But in the Accord work, we determined that you really need something that interprets the higher education system to the community, to government, and that can listen to the higher education system and interpret that back. So, if you like, it’s a whisperer, it’s the higher education whisperer for the nation.

    And like the commission of post the Second World War, this one has some really big things to advise government on. We just heard Minister Giles talk about the importance of the national economy. And unless we have the right skills, we won’t have the economy or the society we want. And this is really about growing that skills base enormously, growing the types of skills, modernising them, but also making sure that we have the right pathways, we have the right and above all, the numbers going in. And we’re not going to get the numbers into higher education unless we have different mechanisms to the ones we have now. It’s not just about people going to school and going on to higher ed; it’s about people being able to come back in to do university later in life. It’s about going through different pathways. And this is why there’s a lot about access in the Accord and that we’ll be trying to enliven in the Tertiary Education Commission. So, how can people have done really good courses at TAFE, go to university and the other way around?

    When I was in South Australia, we had, one of the favourite things people would do, would do a degree in history at one of the universities and then go to Regency TAFE and do a hospitality qualification. And that combination was a really good one for the tourism industry and so on. So, it’s very exciting to be part of this sort of new, looking at new ways to realise a much larger higher education system, even stronger knowledge system than we have in Australia. A new, the economy being stronger and our place in the sort of international system, you know, being even more marked than it is at present. And so, I hope that for you, you’ll be measuring us. I hope you’ll be looking at the Tertiary Education Commission and saying, yes, it’s doing what I want or it’s not, and if not, I hope you’ll come and talk to us, because it’s very much an open for business, talking to the students, talking to the universities and passing it all on to government. So, thank you for being here today while we celebrate. And I’ll do a shout out to Larissa. Hopefully she’s watching on some sort of thing. She’s up in Yucala with a range of Indigenous students who are there with her and filming for various things. So, thank you very much. I should have said we’d talk to Barney.

    BARNEY GLOVER, JOBS AND SKILLS AUSTRALIA COMMISSIONER: You probably, you could not stop me. Thank you, Mary, for those words. I want to particularly thank the two ministers that are here today. My minister, Andrew Giles, Minister for Skills and Training in Australia. The real energy behind what Andrew wants to achieve, to transform the Australian vocational education and training system to support the labour market we need now and into the future and the work that Jason Clare has done as Minister for Education to bring the ATEC today into fruition to support the Accord and to see today not just the ATEC established and for Mary to lead this implementation phase with the support of Larissa and myself, but so many other aspects of the Accord recommendations that the government’s already picked up and are in place. And placement payments today for those students you mentioned across nursing, midwifery, social work and teaching, to receive the benefit they need to avoid poverty in placements is a wonderful achievement of the accord and congratulations to the government.

    There are a number of reasons why I think this is a really important day. It’s not just that two ministers are here that’s significant in itself. I want to congratulate George for the work that Western Sydney has done to take this building, to make it what I believe will be one of the most important dual sector enterprises in higher education and vocational education training in Australia. When those TAFE students are here next year, this will be as big as most dual-sector universities in Australia. So, it will be in itself a great opportunity to press what joined up means for tertiary education Australia to have a harmonised tertiary education system in this country and to do it in ways we haven’t been able to do before. So, there’s a challenge here for TAFE NSW and for George and for Michelle Simons, who does a wonderful job here as the Dean of the School of Education. A wonderful challenge to say, what can we do differently? What can we do better? How can we ensure that we produce graduates from higher ed and those who complete vet qualifications with the skills and knowledge they need for the economy of the future, as Mary said, because there are wonderful opportunities in the future for all Australians, but we’ve got to match up our skills and our jobs.

    It’s one thing that Jobs and Skills Australia has been saying for some time, we need a joined up tertiary education system. We need to better match our skills from our education and training into our job market. We need to recognise that increasingly we need post-secondary qualifications for the future. And as Minister Giles said, we’ve got to get the balance right between higher education and vet. And that’s not about different ways of cutting the same cake. It’s growing this cake. And that really means. And this is another reason why it’s exciting to be here in Bankstown, because as Mary said, we’ve got to uplift more Australians to participate in post-secondary education more than we’ve ever done before. And that means reaching into equity, in first in family, as George said, students from a low socio-economic background, First Nations Australians. I pay tribute to the work that Larissa has done to make First Nations Australians at the centre of the Accord and at the centre of the ATEC. And she does a wonderful job in supporting that. And people with disability and other equity groups, we need to make sure they’re fully represented.

    So, this is a great place to do this. It was a great place to build this building. Not just that it was 50 metres from the Minister for Education’s electoral office. That was just an additional benefit, but to put it here in the South-West of Sydney and to reach out to these communities and say it’s not just higher education, tertiary education is in reach and it will be transformational and it will ensure that this region has the economic uplift and the social and cultural benefits that tertiary education can bring. Exciting day. Well done to everyone. Thank you.

    CLARE: Can I just make some comments on reports this morning of alleged sexual assault of children in childcare centres in Victoria. This morning I’ve spoken to Lizzie Blandthorn, the Minister for Children. I’ve also spoken to Tim Watts, member for Gellibrand, in the area where some of these child care centres are located in Victoria. This is extremely serious. There is nothing more serious than this. The alleged perpetrator is in custody right now, but this is one of the reasons why this was top of the agenda when education ministers met in Adelaide on Friday. It’s one of the reasons why we’ve banned the use of personal mobile phones in childcare centres. It’s one of the reasons why we’ve made mandatory reporting of physical and sexual assaults in childcare centres a requirement within 24 hours rather than seven days. It’s one of the reasons why I will bring legislation to the Federal Parliament in the next few months to cut off funding to childcare centres that aren’t up to scratch. And as I said, it’s one of the reasons why this was top of the agenda when education ministers met on Friday to look at what are the next steps that we need to take to make sure that our children are safe in child care centres. There are more than 1 million parents who rely on our early education and care system to care for our children, to educate our children and to keep our children safe. This is personal for me because I’m one of those parents and there is nothing more important to me than making sure that we take every step we need to take to keep our kids safe. Thanks very much.

    MIL OSI News

  • USAID cuts may cause over 14 million additional deaths by 2030, study says

    Source: Government of India

    Source: Government of India (4)

    Deep funding cuts to the U.S. Agency for International Development and its potential dismantling could result in more than 14 million additional deaths by 2030, according to research published in The Lancet medical journal on Monday.

    WHY IT’S IMPORTANT

    President Donald Trump’s administration, since taking office in January, has made funding cuts to USAID and its aid programs worldwide in what the U.S. government says is part of its broader plan to remove wasteful spending.

    Human rights experts and advocates have warned against the cuts. USAID funding has had a crucial role in improving global health, primarily directed toward low and middle-income countries, particularly African nations, according to the study.

    BY THE NUMBERS

    The study estimated that over the past two decades, USAID-funded programs have prevented more than 91 million deaths globally, including 30 million deaths among children.

    Projections suggest that ongoing deep funding cuts – combined with the potential dismantling of the agency – could result in more than 14 million additional deaths by 2030, including 4.5 million deaths among children younger than 5 years, the study in The Lancet said.

    Washington is the world’s largest humanitarian aid donor, amounting to at least 38% of all contributions recorded by the United Nations. It disbursed $61 billion in foreign assistance last year, just over half of it via USAID, according to government data.

    KEY QUOTE

    “Our estimates show that, unless the abrupt funding cuts announced and implemented in the first half of 2025 are reversed, a staggering number of avoidable deaths could occur by 2030,” the study said.

    CONTEXT

    U.S. Secretary of State Marco Rubio said in March the Trump administration canceled over 80% of all programs at USAID following a six-week review.

    The remaining approximately 1,000 programs, he said, would now be administered “more effectively” under the U.S. State Department and in consultation with Congress.

    (Reuters)