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Category: Artificial Intelligence

  • MIL-OSI China: China promotes high-tech solutions for disability support

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

    BEIJING, July 22 — China is exploring the use of advanced technologies such as smart bionic hands and guide robots to improve the well-being of people with disabilities, ensuring that scientific and technological progress benefits this community, an official said Tuesday.

    Zhou Changkui, chairperson of the Board of Executive Directors of the China Disabled Persons’ Federation, said at a press conference that these applications were unveiled at a recent forum.

    He added that China will further focus on the development of new technologies and industries, including brain-computer interfaces, to better support people with disabilities.

    According to Zhou, the federation and some other governmental departments have jointly issued a guiding document to promote the use of technology in supporting people with disabilities. It is also collaborating with universities, research institutes and high-tech companies to boost the development of relevant technologies and industries.

    Zhou noted that during the upcoming 15th Five-Year Plan period (2026-2030), China will continue to promote the application of artificial intelligence and other cutting-edge technologies to serve people with disabilities, and ensure that advanced technologies better meet their needs.

    MIL OSI China News –

  • MIL-OSI: NBPE – Net Asset Value(s)

    Source: GlobeNewswire (MIL-OSI)

    THE INFORMATION CONTAINED HEREIN IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO AUSTRALIA, CANADA, ITALY, DENMARK, JAPAN, THE UNITED STATES, OR TO ANY NATIONAL OF SUCH JURISDICTIONS

    NBPE Announces June Monthly NAV Estimate

    St, Peter Port, Guernsey, 22 July 2025

    NB Private Equity Partners (NBPE), the $1.2bn1, FTSE 250, listed private equity investment company managed by Neuberger Berman, today announces its 30 June 2025 monthly NAV estimate.

    NAV Highlights (30 June 2025)

    • NAV per share was $27.42 (£20.01), a total return of 0.5% in the month
    • Total realisations of $68 million and $8 million of follow-on investments in the first half of 2025
    • $284 million of available liquidity at 30 June 2025
    • ~51k shares repurchased (~$1 million) during June 2025 at a weighted average discount of 30% which was accretive to NAV by ~$0.01 per share. Year-to-date, NBPE has repurchased ~759k shares (~$15 million) at a weighted average discount of 29% which was accretive to NAV by ~$0.11 per share
    As of 30 June 2025 Year to Date One Year 3 years 5 years 10 years
    NAV TR (USD)*
    Annualised    		 1.3% 3.6% 5.8%
    1.9%    		 76.1%
    12.0%    		 158.3%
    10.0%
    MSCI World TR (USD)*
    Annualised    		 9.3% 16.8% 68.0%
    18.9%    		 101.9%
    15.1%    		 189.9%
    11.2%
               
    Share price TR (GBP)*
    Annualised    		 (7.6%) (6.9%) 10.4%
    3.3%    		 91.6%
    13.9%    		 185.1%
    11.0%
    FTSE All-Share TR (GBP)*
    Annualised    		 9.1% 11.2% 35.5%
    10.7%    		 67.3%
    10.8%    		 92.7%
    6.8%

    * All NBPE performance figures assume re-investment of dividends on the ex-dividend date and reflect cumulative returns over the relevant time periods shown. Three-year, five-year and ten-year annualised returns are presented for USD NAV, MSCI World (USD), GBP Share Price and FTSE All-Share (GBP) Total Returns.

    Portfolio Update to 30 June 2025

    NAV performance during the month driven by:

    • 0.7% NAV increase ($9 million) from changes in FX rates
    • 0.1% NAV increase ($1 million) attributable to changes in prices of quoted holdings (which now constitute 6% of portfolio fair value)
    • Immaterial impact on NAV from additional private valuation information received during the month
    • 0.2% NAV decrease ($3 million) attributable to expense accruals

    $68 million of realisations in the first half of 2025

    • Of the $68 million received during the first half, over three-quarters of the proceeds are from full and partial sales / exits of private holdings; remaining realisations consisted of proceeds from the sales of quoted holdings and other partial realisations

    $284 million of total liquidity at 30 June 2025

    • $74 million of cash and liquid investments with $210 million of undrawn credit line available

    2025 Share Buybacks

    • ~51k shares repurchased in June 2025 at a weighted average discount of 30%; buybacks were accretive to NAV by ~$0.01 per share
    • Year-to-date, NBPE has repurchased ~759k shares at a weighted average discount of 29% which were accretive to NAV by ~$0.11 per share

    Portfolio Valuation

    The fair value of NBPE’s portfolio as of 30 June 2025 was based on the following information:

    • 6% of the portfolio was valued as of 30 June 2025
      • 6% in public securities
    • 94% of the portfolio was valued as of 31 March 2025
      • 94% in private direct investments

    For further information, please contact:

    NBPE Investor Relations        +44 (0) 20 3214 9002
    Luke Mason        NBPrivateMarketsIR@nb.com  

    Kaso Legg Communications        +44 (0)20 3882 6644

    Charles Gorman        nbpe@kl-communications.com
    Luke Dampier
    Charlotte Francis

    Supplementary Information (as at 30 June 2025)

    Company Name Vintage Lead Sponsor Sector Fair Value ($m) % of FV
    Action 2020 3i Consumer 86.6 6.9%
    Osaic 2019 Reverence Capital Financial Services 63.4 5.0%
    Solenis 2021 Platinum Equity Industrials 59.8 4.7%
    BeyondTrust 2018 Francisco Partners Technology / IT 47.7 3.8%
    Monroe Engineering 2021 AEA Investors Industrials 44.7 3.5%
    Business Services Company* 2017 Not Disclosed Business Services 40.2 3.2%
    Branded Cities Network 2017 Shamrock Capital Communications / Media 37.3 3.0%
    True Potential 2022 Cinven Financial Services 35.6 2.8%
    Mariner 2024 Leonard Green & Partners Financial Services 33.7 2.7%
    FDH Aero 2024 Audax Group Industrials 32.9 2.6%
    Marquee Brands 2014 Neuberger Berman Consumer 31.6 2.5%
    GFL (NYSE: GFL) 2018 BC Partners Business Services 30.5 2.4%
    Auctane 2021 Thoma Bravo Technology / IT 29.1 2.3%
    Fortna 2017 THL Industrials 28.7 2.3%
    Staples 2017 Sycamore Partners Business Services 27.7 2.2%
    Viant 2018 JLL Partners Healthcare 27.3 2.2%
    Engineering 2020 NB Renaissance / Bain Capital Technology / IT 27.2 2.2%
    Stubhub 2020 Neuberger Berman Consumer 26.4 2.1%
    Agiliti 2019 THL Healthcare 25.3 2.0%
    Kroll 2020 Further Global / Stone Point Financial Services 25.0 2.0%
    Benecon 2024 TA Associates Healthcare 24.7 2.0%
    Solace Systems 2016 Bridge Growth Partners Technology / IT 24.6 1.9%
    Excelitas 2022 AEA Investors Industrials 24.1 1.9%
    Exact 2019 KKR Technology / IT 24.0 1.9%
    Constellation Automotive 2019 TDR Capital Business Services 21.4 1.7%
    CH Guenther 2021 Pritzker Private Capital Consumer 21.2 1.7%
    Tendam 2017 PAI Consumer 20.0 1.6%
    Addison Group 2021 Trilantic Capital Partners Business Services 19.9 1.6%
    Bylight 2017 Sagewind Partners Technology / IT 19.9 1.6%
    Real Page 2021 Thoma Bravo Technology / IT 18.8 1.5%
    Total Top 30 Investments                              $979.2 77.5%

    *Undisclosed company due to confidentiality provisions.

    Geography % of Portfolio
    North America 76%
    Europe 23%
    Asia / Rest of World 1%
    Total Portfolio 100%
       
    Industry % of Portfolio
    Tech, Media & Telecom 23%
    Consumer / E-commerce 22%
    Industrials / Industrial Technology 17%
    Financial Services 14%
    Business Services 11%
    Healthcare 8%
    Other 3%
    Energy 1%
    Total Portfolio 100%
       
    Vintage Year % of Portfolio
    2016 & Earlier 10%
    2017 16%
    2018 13%
    2019 13%
    2020 14%
    2021 18%
    2022 6%
    2023 2%
    2024 8%
    Total Portfolio 100%

    About NB Private Equity Partners Limited
    NBPE invests in direct private equity investments alongside market leading private equity firms globally. NB Alternatives Advisers LLC (the “Investment Manager”), an indirect wholly owned subsidiary of Neuberger Berman Group LLC, is responsible for sourcing, execution and management of NBPE. The vast majority of direct investments are made with no management fee / no carried interest payable to third-party GPs, offering greater fee efficiency than other listed private equity companies. NBPE seeks capital appreciation through growth in net asset value over time while paying a bi-annual dividend.

    LEI number: 213800UJH93NH8IOFQ77

    About Neuberger Berman
    Neuberger Berman is an employee-owned, private, independent investment manager founded in 1939 with over 2,800 employees in 26 countries. The firm manages $538 billion of equities, fixed income, private equity, real estate and hedge fund portfolios for global institutions, advisors and individuals. Neuberger’s investment philosophy is founded on active management, fundamental research and engaged ownership. The firm has been named by Pensions & Investments as the #1 or #2 Best Place to Work in Money Management for each of the last eleven years (firms with more than 1,000 employees). Visit www.nb.com for more information, including www.nb.com/disclosure-global-communications for information on awards. Data as of June 30, 2025, unless stated otherwise.

    This press release appears as a matter of record only and does not constitute an offer to sell or a solicitation of an offer to purchase any security.

    NBPE is established as a closed-end investment company domiciled in Guernsey. NBPE has received the necessary consent of the Guernsey Financial Services Commission. The value of investments may fluctuate. Results achieved in the past are no guarantee of future results. This document is not intended to constitute legal, tax or accounting advice or investment recommendations. Prospective investors are advised to seek expert legal, financial, tax and other professional advice before making any investment decision. Statements contained in this document that are not historical facts are based on current expectations, estimates, projections, opinions and beliefs of NBPE’s investment manager. Such statements involve known and unknown risks, uncertainties and other factors, and undue reliance should not be placed thereon. Additionally, this document contains “forward-looking statements.” Actual events or results or the actual performance of NBPE may differ materially from those reflected or contemplated in such targets or forward-looking statements.

    1Based on net asset value.

    Attachment

    The MIL Network –

  • Google clinches milestone gold at global math competition, while OpenAI also claims win

    Source: Government of India

    Source: Government of India (4)

    Alphabet’s Google and OpenAI said their artificial-intelligence models won gold medals at a global mathematics competition, signaling a breakthrough in math capabilities in the race to build systems that can rival human intelligence.

    The results marked the first time that AI systems crossed the gold-medal scoring threshold at the International Mathematical Olympiad (IMO) for high-school students.

    Both companies’ models solved five out of six problems, achieving the result using general-purpose “reasoning” models that processed mathematical concepts using natural language, in contrast to the previous approaches used by AI firms.

    While Google DeepMind worked with the IMO to have their models graded and certified by the committee, OpenAI did not officially enter the competition. The startup revealed their models have achieved a gold medal-worthy score on this year’s questions on Saturday, citing grades by three external IMO medalists.

    The achievement suggests AI is less than a year away from being used by mathematicians to crack unsolved research problems at the frontier of the field, according to Junehyuk Jung, a math professor at Brown University and visiting researcher in Google’s DeepMind AI unit.

    “I think the moment we can solve hard reasoning problems in natural language will enable the potential for collaboration between AI and mathematicians,” Jung told Reuters.

    OpenAI’s breakthrough was achieved with a new experimental model centered on massively scaling up “test-time compute.” This was done by both allowing the model to “think” for longer periods and deploying parallel computing power to run numerous lines of reasoning simultaneously, according to Noam Brown, researcher at OpenAI. Brown declined to say how much in computing power it cost OpenAI, but called it “very expensive.”

    To OpenAI researchers, it is another clear sign that AI models can command extensive reasoning capabilities that could expand into other areas beyond math.

    The optimism is shared by Google researchers, who believe AI models’ capabilities can apply to research quandaries in other fields such as physics, said Jung, who won an IMO gold medal as a student in 2003.

    Of the 630 students participating in the 66th IMO on the Sunshine Coast in Queensland, Australia, 67 contestants, or about 11%, achieved gold-medal scores.

    Google’s DeepMind AI unit last year achieved a silver medal score using AI systems specialized for math. This year, Google used a general-purpose model called Gemini Deep Think, a version of which was previously unveiled at its annual developer conference in May.

    Unlike previous AI attempts that relied on formal languages and lengthy computation, Google’s approach this year operated entirely in natural language and solved the problems within the official 4.5-hour time limit, the company said in a blog post.

    OpenAI, which has its own set of reasoning models, similarly built an experimental version for the competition, according to a post by researcher Alexander Wei on social media platform X. He noted that the company does not plan to release anything with this level of math capability for several months.

    This year marked the first time the competition coordinated officially with some AI developers, who have for years used prominent math competitions like IMO to test model capabilities. IMO judges certified the results of those companies, including Google, and asked them to publish results on July 28.

    “We respected the IMO Board’s original request that all AI labs share their results only after the official results had been verified by independent experts and the students had rightly received the acclamation they deserved,” Google DeepMind CEO Demis Hassabis said on X on Monday.

    OpenAI, which published its results on Saturday and first claimed gold-medal status, said in an interview that it had permission from an IMO board member to do so after the closing ceremony on Saturday.

    (Reuters)

  • Google clinches milestone gold at global math competition, while OpenAI also claims win

    Source: Government of India

    Source: Government of India (4)

    Alphabet’s Google and OpenAI said their artificial-intelligence models won gold medals at a global mathematics competition, signaling a breakthrough in math capabilities in the race to build systems that can rival human intelligence.

    The results marked the first time that AI systems crossed the gold-medal scoring threshold at the International Mathematical Olympiad (IMO) for high-school students.

    Both companies’ models solved five out of six problems, achieving the result using general-purpose “reasoning” models that processed mathematical concepts using natural language, in contrast to the previous approaches used by AI firms.

    While Google DeepMind worked with the IMO to have their models graded and certified by the committee, OpenAI did not officially enter the competition. The startup revealed their models have achieved a gold medal-worthy score on this year’s questions on Saturday, citing grades by three external IMO medalists.

    The achievement suggests AI is less than a year away from being used by mathematicians to crack unsolved research problems at the frontier of the field, according to Junehyuk Jung, a math professor at Brown University and visiting researcher in Google’s DeepMind AI unit.

    “I think the moment we can solve hard reasoning problems in natural language will enable the potential for collaboration between AI and mathematicians,” Jung told Reuters.

    OpenAI’s breakthrough was achieved with a new experimental model centered on massively scaling up “test-time compute.” This was done by both allowing the model to “think” for longer periods and deploying parallel computing power to run numerous lines of reasoning simultaneously, according to Noam Brown, researcher at OpenAI. Brown declined to say how much in computing power it cost OpenAI, but called it “very expensive.”

    To OpenAI researchers, it is another clear sign that AI models can command extensive reasoning capabilities that could expand into other areas beyond math.

    The optimism is shared by Google researchers, who believe AI models’ capabilities can apply to research quandaries in other fields such as physics, said Jung, who won an IMO gold medal as a student in 2003.

    Of the 630 students participating in the 66th IMO on the Sunshine Coast in Queensland, Australia, 67 contestants, or about 11%, achieved gold-medal scores.

    Google’s DeepMind AI unit last year achieved a silver medal score using AI systems specialized for math. This year, Google used a general-purpose model called Gemini Deep Think, a version of which was previously unveiled at its annual developer conference in May.

    Unlike previous AI attempts that relied on formal languages and lengthy computation, Google’s approach this year operated entirely in natural language and solved the problems within the official 4.5-hour time limit, the company said in a blog post.

    OpenAI, which has its own set of reasoning models, similarly built an experimental version for the competition, according to a post by researcher Alexander Wei on social media platform X. He noted that the company does not plan to release anything with this level of math capability for several months.

    This year marked the first time the competition coordinated officially with some AI developers, who have for years used prominent math competitions like IMO to test model capabilities. IMO judges certified the results of those companies, including Google, and asked them to publish results on July 28.

    “We respected the IMO Board’s original request that all AI labs share their results only after the official results had been verified by independent experts and the students had rightly received the acclamation they deserved,” Google DeepMind CEO Demis Hassabis said on X on Monday.

    OpenAI, which published its results on Saturday and first claimed gold-medal status, said in an interview that it had permission from an IMO board member to do so after the closing ceremony on Saturday.

    (Reuters)

  • MIL-OSI Russia: China, Egypt Seek to Strengthen Global South Cooperation within SCO

    Translation. Region: Russian Federal

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

    An important disclaimer is at the bottom of this article.

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

    CAIRO, July 22 (Xinhua) — The Chinese Embassy in Egypt and the Egyptian Foreign Affairs Council jointly held a seminar here on Sunday, pointing to the steady development of China-Egypt relations under the framework of the Shanghai Cooperation Organization (SCO).

    The event was attended by senior diplomats, foreign affairs experts and media representatives from both countries.

    In his keynote speech, Chinese Ambassador to Egypt Liao Liqiang noted that Egypt is a dialogue partner of the SCO and welcomed Egypt’s active participation in various events of the organization.

    He expressed the hope that China and Egypt will establish close coordination and cooperation within the SCO framework and advance bilateral relations so as to build a China-Egypt community with a shared future in the new era and contribute to world peace and development.

    The guests attending the meeting praised the booming Egyptian-Chinese relations and the role of the SCO. They expressed hope that Egypt and China can take advantage of the development opportunities provided by the SCO to work together to improve global governance and promote the revival of the Global South.

    Chairing the seminar, Director of the Egyptian Council for Foreign Affairs Ezzat Saad told Xinhua that Egypt remains committed to strengthening cooperation with China both bilaterally and within the SCO framework.

    “We believe that the SCO is an important platform for promoting the development of Egyptian-Chinese relations. Egypt looks forward to further deepening political and economic cooperation between the countries of the Global South based on the initiatives put forward by China,” he said. –0–

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

    .

    MIL OSI Russia News –

  • MIL-OSI: LHV Group unaudited financial results for Q2 and 6 months of 2025

    Source: GlobeNewswire (MIL-OSI)

    In Q2 of 2025, LHV Group was able to earn higher net profit and increase business volumes against the background of lower interest rates. The loan portfolio of LHV Group reached 5 billion euros.

    In Q2 2025, LHV Group earned a net profit of 30.8 million euros, which was 1.6 million euros more than in the previous quarter (+6% increase). The return on equity attributable to the shareholders of the Group was 17.4% in Q2.

    All subsidiaries of the Group were profitable in the quarter. LHV Pank earned a net profit of 29.7 million euros, LHV Bank Ltd 0.1 million euros, LHV Varahaldus 0.5 million euros and LHV Kindlustus 1.1 million euros.

    On a consolidated basis, LHV Group earned 73.9 million euros in revenue in Q1 2025, i.e. 7% less than in the previous quarter and 14% less than a year ago. Of the revenue of Q2 of this year, net interest income accounted for 57.6 million euros, and net fee and commission income for 15.6 million euros of total net income. Expenditure totalled 40.5 million euros, being 8% more than in the previous quarter and 11% more than a year ago. Due to the improvement of the macroeconomic situation, the previous provisions were undervalued in the amount of 4.2 million euros in the second quarter, which finally had a positive effect at the level of net profit.

    As at the end of June, LHV Group consolidated assets amounted to 9.38 billion euros, which was 10% more than in the previous quarter and 28% more than in the same period last year. The consolidated loan portfolio increased by 269 million euros or 6% to 5.0 billion euros over the quarter (the loan portfolio increased by 1.1 billion euros or 28% year-on-year). Consolidated deposits of LHV Group increased by 760 million euros, i.e. by 12%, to 7.36 billion euros. The volume of funds managed by LHV increased by 3.7 million euros, to 1.56 billion euros. The number of payments made by clients who are financial intermediaries was 19.9 million in the second quarter, which was slightly less than in the previous quarter.

    LHV Group’s consolidated net revenue for the 6 months of 2025 amounted to 153.3 million euros, which is 16.5 million euros or 10% less compared to the same period last year. Expenditure totalled 78.1 million euros, which was 7.8 million euros or 11% more. The Group’s 6-month consolidated net profit was 59.9 million euros, being a decrease of 19.4 million euros, or 24%, compared to the previous year. In six months, LHV Pank earned a net profit of 54.9 million euros, LHV Bank Ltd 2.3 million euros, LHV Varahaldus 0.6 million euros and LHV Kindlustus 1.7 million euros. LHV Group’s ROE for the first half of the year was 17.0%.

    Based on the first half of the year, LHV Group outperforms the financial forecast at the level of net income by 2.0 million euros and at the level of net profit by 2.3 million euros.

    Income statement, EUR Th Q2 2025 Q1 2025 Q2 2024
    adjusted
    Net interest income 57,643 62,010 70,424
    Net fee and commission income 15,579 14,071 14,352
    Net financial income -380 2,747 -37
    Net insurance income 1,065 597 421
    Other operating income and expense 0 -4 638
    Total net income 73,907 79,421 85,798
    Staff costs -22,901 -22,655 -20,420
    Office expenses -679 -659 -874
    IT costs -4,017 -3,576 -3,267
    Marketing expenses -1,526 -1,258 -796
    Other operating expenses -11,387 -9,394 -10,741
    Total expenses -40,510 –37,542 –36,098
    Operating profit 33,397 41,879 49,700
    Profit before allowances 33,397 41,879 49,700
    Allowances 4,152 -5,667 -5,043
    Income tax expenses -6,784 -7,052 -6,071
    Net profit 30,765 29,160 38,586
    Minority holding 716 592 300
    Shareholders’ share of profit of parent    company 30,049 28,568 38,286
           
    Net earnings per share, EUR 0.09 0.09 0.12
    Diluted earnings per share, EUR 0.09 0.09 0.12
           
           
           
     Balance sheet, EUR Th June 2025 March 2025 June 2024
    Cash and due from banks 3,867,487 3,279,271 3,217,448
    Financial assets 454,979 442,463 157,131
    Loans to clients 5,038,379 4,774,970 3,925,877
    Loan impairment reserve -39,734 -45,629 -35,333
    Receivables from clients 16,626 9,439 15,380
    Other assets 46,058 47,771 49,220
    Total assets 9,383,795 8,508,285 7,329,723
    Demand deposits 4,669,435 4,189,062 3,659,675
    Term deposits 2,694,906 2,415,430 2,124,254
    Loans received 1,037,347 936,215 735,281
    Due to clients and loans received 8,401,688 7,540,707 6,519,211
    Accruals and other liabilities 105,692 163,690 100,709
    Subordinated loans 161,155 126,247 107,521
    Total liabilities 8,668,535 7,830,644 6,727,441
    Owners’ equity 715,260 677,641 602,282
    incl. minority holding 7,850 7,134 7,694
    Total liabilities and owner’s equity 9,383,795 8,508,285 7,329,723
             
                 

    LHV Group’s net income in the second quarter was affected by the continuing decline in interest rates. The higher profitability compared to the previous quarter resulted in a write-down effect of the previous provisions, which resulted in an increase of the Group’s net profit by 1.6 million euros in the second quarter. The second quarter was also marked by strong growth in loan volumes and deposits, which were 269 and 760 million euros, respectively, compared to the previous quarter.

    The number of LHV Pank clients increased by 8,300 over the quarter. During the same period, the bank’s deposits increased by 576 million euros, of which 113 million euros were deposits from financial intermediaries and 113 million euros were platform deposits. In the second quarter, an innovative banking service LHV Premium was also launched, combining everyday banking, insurance and travel services offering investment comfort. In addition, a new price list for the securities trading and investment account for pension entered into force in the second quarter, which reduced several investment-related fees by almost half.

    LHV Pank’s loan portfolio increased by 190 million euros and the quality of the portfolio remained strong. Due to the resolution of one of the major problems with creditworthiness and the improved economic situation, the provisions made earlier were reduced by 4.1 million euros.

    In the second quarter, LHV Pank issued covered bonds with a maturity of four years in the amount of 300 million euros, which were listed on the Dublin Stock Exchange for the purpose of diversifying financing sources. Covered bonds secured by Estonian home loans were sold to European institutional investors. 44 institutional investors participated in the offer and the offer was 2.5 times oversubscribed.

    The volume of deposits and loans of LHV Bank operating in the United Kingdom continued to grow in the second quarter – the loan portfolio increased by 79 million euros to 569 million euros. At the same time, loans worth 204 million euros have been approved by the Credit Committee but not yet issued.

    The deposits taken by LHV Bank increased by 202 million quarter-on-quarter and reached a record 1.02 billion euros. In the second quarter, the mobile bank of retail banking was launched, where the first 1,000 clients have opened an account and 17 million euros of new deposits have been received. LHV Bank earned a net profit of 0.1 million euros in quarter-on-quarter terms – lower profitability was due to higher marketing costs, conference participation fees, allocated costs and changes in the value of interest rate risk hedging contracts. In order to support the rapid growth of the loan portfolio, the share capital was increased by 12 million euros and subordinated bonds were issued in the amount of 12 million euros. As of the first half of the year, LHV Bank’s net income and net profit exceed strongly the financial plan.

    LHV Kindlustus showed strong growth in the second quarter, when the insurance revenue increased by 78% and net profit by 62% compared to the previous quarter, but the result of the second quarter was slightly below the financial plan. The volume of insurance premiums across the market decreased significantly compared to the same quarter of the previous year. The results for the first half of the year are well above the financial forecast. As of the end of June, LHV Kindlustus had 176,000 clients and 278,000 valid insurance contracts.

    The good rate of return shown by global financial markets in the second quarter was also reflected in LHV’s pension funds, which all offered a positive rate of return. The rates of return of LHV pension funds M, L and XL were 1.2%, 1.0% and 2.8%, respectively, in the quarter. The rate of return of the more conservative funds XS and S was 0.7% and 0.8%, respectively. Pensionifond Indeks increased by 3.0% and Pensionifond Roheline lost 4.4% in value. Net income of LHV Varahaldus remained largely the same as in the previous quarter and net profit increased. The number of second pillar clients making active monthly contributions was 110,000 by the end of the quarter.

    As important information, it was disclosed that as of September 2, the green pension funds of LHV II and III pillar will cease operations, merge with other LHV funds and will be consolidated into LHV pension funds S and M, and the names of the II pension pillar funds will change. As a result of the changes, LHV clients will have the option to choose from four actively managed pension funds to grow their savings. Starting in September, LHV’s actively managed pension funds will be named Julge, Ettevõtlik, Tasakaalukas, and Rahulik.

    As of the end of the half-year, LHV Group is well capitalised. AT1 bonds worth 50 million euros and unsecured bonds worth 60 million euros were issued in the second quarter. Moody’s Ratings raised the ratings for LHV Pank’s covered bond programme and covered bonds to the highest level, Aaa. The Moody’s Investors Service ratings agency left AS LHV Pank’s long-term deposits rating at A3 (with a positive outlook) and LHV Group’s long-term issuer rating at Baa3 (positive outlook).The ratings confirm LHV’s strong financial position and capitalisation and express the expectation of a strengthening of creditworthiness.

    Comment by Madis Toomsalu, the Chairman of the Management Board at LHV Group: 

    “We are pleased that LHV has continued on a strong growth trajectory. Over the past year, our loan portfolio has grown by 1 billion euros, reaching 5 billion euros by the end of the half-year. This reflects increased investment confidence among Estonian companies, as well as the expansion of our UK loan book, which has now surpassed the 500 million euros mark. We’ve also seen a rise in demand for home loans and an overall increase in client activity. Several initiatives are underway to support continued growth going forward.”

    To access the reports of AS LHV Group, please visit the website at https://investor.lhv.ee/aruanded.

    In order to present the results of the quarter, LHV Group will organise an investor meeting via the Zoom webinar platform. The virtual investor meeting will take place before the market opens on 22 July at 9.00. The presentation will be in Estonian. We kindly ask you to register at the following address: https://lhvbank.zoom.us/webinar/register/WN_6RKaesfVT1qxJZ5BWiT4TA

    LHV Group is the largest domestic financial group and capital provider in Estonia. LHV Group’s key subsidiaries are LHV Pank, LHV Varahaldus, LHV Kindlustus, and LHV Bank Limited. The Group employs over 1,100 people. As at the end of June, LHV Pank services are being used by 474,000 clients, the pension funds managed by LHV have 110,000 active clients, and LHV Kindlustus protects a total of 176,000 clients. LHV Bank Limited, a subsidiary of the Group, holds a banking licence in the United Kingdom and provides banking services to international financial technology companies, as well as loans to small and medium-sized enterprises.

    Investor Relations

    Sten Hans Jakobsoo
    Head of Investor Relations and Corporate Development
    Email: stenhans.jakobsoo@lhv.ee

    Communications

    Paul Pihlak
    Head of Investment Communications
    Email: paul.pihlak@lhv.ee 

    Attachments

    The MIL Network –

  • MIL-OSI Economics: Group CTO Tatsuo Ogawa: Beyond Reform—Technology Future Vision’s Progress and Direction for the Next Generation

    Source: Panasonic

    Headline: Group CTO Tatsuo Ogawa: Beyond Reform—Technology Future Vision’s Progress and Direction for the Next Generation

    The Panasonic Group is implementing extensive management reform, but which direction is technology pointing us in? What sort of future is taking shape before our eyes in this era of transformation? To explore the heart of the matter, we spoke with Tatsuo Ogawa, Executive Officer of Panasonic Holdings Corporation and Group CTO overseeing technology strategy.

    One year later: Three concepts and an unshakable commitment

    We unveiled our Technology Future Vision in July 2024. Since then we’ve received a remarkable amount of internal and external feedback. The support we’ve received, and the specific discussions relating to possible collaboration, have been very encouraging. We see many exciting challenges ahead as we work to realize the vision. The future it embodies remains the same, and we continue to create new technology and businesses as we map out our unique path and push forward.
    In particular, the three core concepts of energy and resources, nurturing a sense of fulfillment, and co-caring are vital guiding principles, as we integrate Panasonic technologies to achieve our overall goal of enhancing quality of life for everyone. We are pressing forward with research and development, so I would like to take this opportunity to update you on the progress we are making in multiple directions.

    1. Toward a society where energy and resources flow: Tackling the hard challenges of the global environment

    We are boldly tackling global environmental challenges through a wide range of R&D initiatives centered on the Green Transformation and Manufacturing Innovation Divisions.

    Perovskite solar cells

    These glass panels can generate energy where conventional solar panels cannot, for example as windows in dense urban areas. We already have a pilot manufacturing line producing near-commercial-size construction elements (1.0 m × 1.8 m). Our industrial inkjet printing system used to produce these panels is so advanced that it received the prestigious Okochi Memorial Technology Prize. Our goal is to integrate renewable energy generation into everyday urban infrastructure for better energy self-sufficiency and greater resilience in case of disasters.

    A Perovskite panel on display at Osaka’s Expo 2025 demonstrates the design potential this technology offers.

    Novitek Bio-CO₂ Transformation technology

    This biostimulant technology promotes plant growth by harnessing the power of photosynthesis, and represents an important step toward turning CO2 into a valuable resource. Field trials are underway in collaboration with Sumitomo Chemical Company, Limited, and Novitek is showing promise as a driver of sustainable agriculture with higher productivity and lower environmental impact.

    kinari (plant-derived cellulose fiber resin composite)

    Panasonic has developed moldable materials that are fully biodegradable in marine environments. It achieved this by taking its proprietary technology for blending high concentrations of plant-based cellulose fibers into resins and applying it to marine-biodegradable, plant-derived resins. In April 2025, Panasonic received the Ichimura Prize in Industry against Global Warming for this and related technologies.

    Tracephere traceability technology

    This technology uses the blockchain to make resource recycling and reuse transparent and trustworthy. It can bring us closer to realizing the circular economy by encouraging the use of recycled materials and preventing illegal dumping.

    Design for Circular Economy (DfCE)

    This initiative aims to drive the transition to a circular economy by designing products with ease of disassembly and recycling in mind. The effort is based on the MI Division’s perspective of maintaining and regenerating value in manufacturing, and will extend product lifespans and reduce waste.

    We also want to expand the positive impacts our activities are having on the environment in FY2025. Efforts in this direction are critically important, not only to halt but reverse biodiversity loss. To this end, we are investing resources in activities that directly support natural capital restoration. An example is our promotion of Nature Symbiosis Site research in areas where biodiversity is already being actively protected by companies, local government, NGOs, and others. These sites are part of Japan’s strategy to meet the global “30 by 30” goal of conserving at least 30% of land and sea by 2030. Another example would be conserving and regenerating blue carbon ecosystems by applying robotics and IoT technologies in collaboration with seaweed aquaculture startups. To ensure transparency and demonstrate our commitment to the environment, we are TCFD* disclosure-compliant and are working to meet TNFD** standards.
    * TCFD: Task Force on Climate-related Financial Disclosures. This organization promotes disclosure by enterprises and other entities of information relating to their climate change-related activities and policies, and how these relate to their financial posture.
    ** TNFD: Taskforce on Nature-related Financial Disclosures. An international organization founded to structure frameworks for corporate risk management relating to natural capital, and for related disclosure.

    2. Toward a society of fulfillment: Creating meaningful time

    We want our technology to help every member of society find fulfillment in their work and daily activities, and be able to have more meaningful, quality time. At the heart of this concept are initiatives from the Digital Transformation & Cyber-Physical Systems Division.

    With digital collection and analysis of data from frontline environments like manufacturing sites, and by providing optimized feedback, we are working to boost operational efficiency and quality and create safer, more secure working environments. We plan to evolve beyond straightforward Kaizen toward Gemba CPS 2.0, a next-generation approach where we reimagine business processes ourselves from the design stage.
    We are also developing systems that provide direct support to keep workers safe and enhance their productivity. One of these is Reliable/Safe Operation Support, which helps users prevent work-related accidents.

    3. Toward a society of co-caring: Caring for self and others

    The third concept is a society where a harmonious state of mind and body encourages co-caring relationships with the people around us. The key to realizing this society is technology that deepens Human Insight.

    Verification test environment for time value enhancement of travel experience

    Human Insight technology

    This uses advanced sensing to collect a wide range, not only of biometric data like heart rate, respiration, and physical movements, but also of behavioral data. It then applies AI to model the individual’s physical and mental condition and characteristics, and even aspects of interactions with others. Then, by stimulating the five senses through environmental parameters including light, sound, scent, and temperature sensations, it aims to guide the individual toward an enhanced state of well-being.

    We are developing technologies that use heart rate to identify different types of stress, score a subject’s degree of meditative depth and provide constructive feedback, apply measured levels of concentration to the improvement of work environments, and other applications. We are also exploring unique research topics. Biophilic Hi-Res Sound enhances relaxation through wide-band audio and can strengthen brainwaves associated with relaxation. Therapeutic Sound promotes mental and physical well-being using sound with inaudible components, and can reduce stress levels during cognitive tasks.
    These technologies are undergoing development and field testing in a range of settings and realistic use cases. The success of this work will enhance physical and mental well-being and help people realize more creative, fulfilling lives.

    Cell therapy solutions

    Regenerative medicine is a key area of focus. Treatments that utilize the patient’s own cells and iPS cells offer great promise. Nevertheless, cell manufacturing remains inefficient, labor-intensive, and costly. We are currently collaborating with partners including the Center for iPS Cell Research and Application (CiRA) at Kyoto University to develop an automated system that reliably produces high-quality therapeutic cells in a cost-effective way by combining Panasonic expertise in biotechnology, precision manufacturing equipment, data analysis, and simulation. We are confident we can help make individually-tailored treatments accessible to more people, and contribute materially to extending healthy life span and improving quality of life.

    Synergy between structural reform and technology development: Focusing on what truly matters

    Panasonic is implementing group-wide management reform, and the impact of these efforts naturally extends to our technology divisions. Budget cuts are part of our efforts to optimize our operations, but I don’t view this as a negative. Instead, I see it as a great opportunity to focus our resources on the initiatives that truly matter as we extend our technological development.
    Most important is to select the themes that are likely to have the greatest impact toward realizing our Future Technology Vision, and apply our limited resources to investments that will generate the greatest return.
    As we do so, open innovation-style collaboration with universities and enterprises will only become more important. To enhance the speed and quality of our development, we will actively incorporate external knowledge and technologies rather than attempt to go it alone.
    What matters most is that we foster a culture of embracing challenges. As our founder Konosuke Matsushita once said, “Don’t fear mistakes. Fear a lack of resolve.” The process of creating new value inevitably includes setbacks. What can we learn from them? How can we apply those lessons? I’m convinced that such experiences strengthen our entire technology organization.

    How will AI illuminate the future?

    AI is a critical enabling technology for current and future innovation. To reinforce our group commitment to AI, we have launched a new initiative called Panasonic Go. Its goal is to expand the share of AI-related businesses to 30% of group sales by FY2035. In my view, this transformation will mark our evolution into a new breed of enterprise, with seamless vertical and horizontal connections across multiple layers of the organization.

    While we are still defining specific business targets for FY2035, our goal is to leverage AI and data to connect value that is now provided through individual products and services. We will not simply embed AI in products, but apply it across R&D workflows to boost efficiency and boldly tackle the challenge of creating new value.
    As AI extends into every corner of society, security technology becomes more and more important. From individual product security to security for whole factories and complete IT systems, we are reinforcing our efforts to deliver safety and peace of mind to customers by combining cutting-edge AI with expertise accumulated over many years. We are already contributing to society in tangible ways, such as shielding manufacturing lines from malware, or structuring security systems for entire office buildings.

    Panasonic means hope to everyone invested in the future

    From my perspective as CTO, I’m continually giving thought to how Panasonic technologies can contribute to future society. I think the answer begins in our founding DNA, which embodies a deep-rooted desire to improve people’s lives through manufacturing.
    To those who will lead tomorrow’s society, especially young people shaping the future, and to our engineers at Panasonic, I would say this: Don’t do only what you can do, but keep asking yourself what you should do. No matter how challenging the circumstances, I hope you’ll never lose your optimism. My own motto is, “Good fortune comes to those who smile.” If you’re always optimistic and willing to tackle challenges, I’m confident that a path forward is certain to open up.
    For more than a century, Panasonic has been a part of people’s lives through technology. The trust and technological achievement we have accumulated throughout our history are precious assets. Nevertheless, we must keep our eyes on the future and continue to challenge ourselves to create new value.
    With the Future Technology Vision to guide us, we will achieve transformation as a united Panasonic Group, and do our utmost to deliver futures filled with promise.

    Related Articles

    MIL OSI Economics –

  • MIL-OSI Economics: Group CTO Tatsuo Ogawa: Beyond Reform—Technology Future Vision’s Progress and Direction for the Next Generation

    Source: Panasonic

    Headline: Group CTO Tatsuo Ogawa: Beyond Reform—Technology Future Vision’s Progress and Direction for the Next Generation

    The Panasonic Group is implementing extensive management reform, but which direction is technology pointing us in? What sort of future is taking shape before our eyes in this era of transformation? To explore the heart of the matter, we spoke with Tatsuo Ogawa, Executive Officer of Panasonic Holdings Corporation and Group CTO overseeing technology strategy.

    One year later: Three concepts and an unshakable commitment

    We unveiled our Technology Future Vision in July 2024. Since then we’ve received a remarkable amount of internal and external feedback. The support we’ve received, and the specific discussions relating to possible collaboration, have been very encouraging. We see many exciting challenges ahead as we work to realize the vision. The future it embodies remains the same, and we continue to create new technology and businesses as we map out our unique path and push forward.
    In particular, the three core concepts of energy and resources, nurturing a sense of fulfillment, and co-caring are vital guiding principles, as we integrate Panasonic technologies to achieve our overall goal of enhancing quality of life for everyone. We are pressing forward with research and development, so I would like to take this opportunity to update you on the progress we are making in multiple directions.

    1. Toward a society where energy and resources flow: Tackling the hard challenges of the global environment

    We are boldly tackling global environmental challenges through a wide range of R&D initiatives centered on the Green Transformation and Manufacturing Innovation Divisions.

    Perovskite solar cells

    These glass panels can generate energy where conventional solar panels cannot, for example as windows in dense urban areas. We already have a pilot manufacturing line producing near-commercial-size construction elements (1.0 m × 1.8 m). Our industrial inkjet printing system used to produce these panels is so advanced that it received the prestigious Okochi Memorial Technology Prize. Our goal is to integrate renewable energy generation into everyday urban infrastructure for better energy self-sufficiency and greater resilience in case of disasters.

    A Perovskite panel on display at Osaka’s Expo 2025 demonstrates the design potential this technology offers.

    Novitek Bio-CO₂ Transformation technology

    This biostimulant technology promotes plant growth by harnessing the power of photosynthesis, and represents an important step toward turning CO2 into a valuable resource. Field trials are underway in collaboration with Sumitomo Chemical Company, Limited, and Novitek is showing promise as a driver of sustainable agriculture with higher productivity and lower environmental impact.

    kinari (plant-derived cellulose fiber resin composite)

    Panasonic has developed moldable materials that are fully biodegradable in marine environments. It achieved this by taking its proprietary technology for blending high concentrations of plant-based cellulose fibers into resins and applying it to marine-biodegradable, plant-derived resins. In April 2025, Panasonic received the Ichimura Prize in Industry against Global Warming for this and related technologies.

    Tracephere traceability technology

    This technology uses the blockchain to make resource recycling and reuse transparent and trustworthy. It can bring us closer to realizing the circular economy by encouraging the use of recycled materials and preventing illegal dumping.

    Design for Circular Economy (DfCE)

    This initiative aims to drive the transition to a circular economy by designing products with ease of disassembly and recycling in mind. The effort is based on the MI Division’s perspective of maintaining and regenerating value in manufacturing, and will extend product lifespans and reduce waste.

    We also want to expand the positive impacts our activities are having on the environment in FY2025. Efforts in this direction are critically important, not only to halt but reverse biodiversity loss. To this end, we are investing resources in activities that directly support natural capital restoration. An example is our promotion of Nature Symbiosis Site research in areas where biodiversity is already being actively protected by companies, local government, NGOs, and others. These sites are part of Japan’s strategy to meet the global “30 by 30” goal of conserving at least 30% of land and sea by 2030. Another example would be conserving and regenerating blue carbon ecosystems by applying robotics and IoT technologies in collaboration with seaweed aquaculture startups. To ensure transparency and demonstrate our commitment to the environment, we are TCFD* disclosure-compliant and are working to meet TNFD** standards.
    * TCFD: Task Force on Climate-related Financial Disclosures. This organization promotes disclosure by enterprises and other entities of information relating to their climate change-related activities and policies, and how these relate to their financial posture.
    ** TNFD: Taskforce on Nature-related Financial Disclosures. An international organization founded to structure frameworks for corporate risk management relating to natural capital, and for related disclosure.

    2. Toward a society of fulfillment: Creating meaningful time

    We want our technology to help every member of society find fulfillment in their work and daily activities, and be able to have more meaningful, quality time. At the heart of this concept are initiatives from the Digital Transformation & Cyber-Physical Systems Division.

    With digital collection and analysis of data from frontline environments like manufacturing sites, and by providing optimized feedback, we are working to boost operational efficiency and quality and create safer, more secure working environments. We plan to evolve beyond straightforward Kaizen toward Gemba CPS 2.0, a next-generation approach where we reimagine business processes ourselves from the design stage.
    We are also developing systems that provide direct support to keep workers safe and enhance their productivity. One of these is Reliable/Safe Operation Support, which helps users prevent work-related accidents.

    3. Toward a society of co-caring: Caring for self and others

    The third concept is a society where a harmonious state of mind and body encourages co-caring relationships with the people around us. The key to realizing this society is technology that deepens Human Insight.

    Verification test environment for time value enhancement of travel experience

    Human Insight technology

    This uses advanced sensing to collect a wide range, not only of biometric data like heart rate, respiration, and physical movements, but also of behavioral data. It then applies AI to model the individual’s physical and mental condition and characteristics, and even aspects of interactions with others. Then, by stimulating the five senses through environmental parameters including light, sound, scent, and temperature sensations, it aims to guide the individual toward an enhanced state of well-being.

    We are developing technologies that use heart rate to identify different types of stress, score a subject’s degree of meditative depth and provide constructive feedback, apply measured levels of concentration to the improvement of work environments, and other applications. We are also exploring unique research topics. Biophilic Hi-Res Sound enhances relaxation through wide-band audio and can strengthen brainwaves associated with relaxation. Therapeutic Sound promotes mental and physical well-being using sound with inaudible components, and can reduce stress levels during cognitive tasks.
    These technologies are undergoing development and field testing in a range of settings and realistic use cases. The success of this work will enhance physical and mental well-being and help people realize more creative, fulfilling lives.

    Cell therapy solutions

    Regenerative medicine is a key area of focus. Treatments that utilize the patient’s own cells and iPS cells offer great promise. Nevertheless, cell manufacturing remains inefficient, labor-intensive, and costly. We are currently collaborating with partners including the Center for iPS Cell Research and Application (CiRA) at Kyoto University to develop an automated system that reliably produces high-quality therapeutic cells in a cost-effective way by combining Panasonic expertise in biotechnology, precision manufacturing equipment, data analysis, and simulation. We are confident we can help make individually-tailored treatments accessible to more people, and contribute materially to extending healthy life span and improving quality of life.

    Synergy between structural reform and technology development: Focusing on what truly matters

    Panasonic is implementing group-wide management reform, and the impact of these efforts naturally extends to our technology divisions. Budget cuts are part of our efforts to optimize our operations, but I don’t view this as a negative. Instead, I see it as a great opportunity to focus our resources on the initiatives that truly matter as we extend our technological development.
    Most important is to select the themes that are likely to have the greatest impact toward realizing our Future Technology Vision, and apply our limited resources to investments that will generate the greatest return.
    As we do so, open innovation-style collaboration with universities and enterprises will only become more important. To enhance the speed and quality of our development, we will actively incorporate external knowledge and technologies rather than attempt to go it alone.
    What matters most is that we foster a culture of embracing challenges. As our founder Konosuke Matsushita once said, “Don’t fear mistakes. Fear a lack of resolve.” The process of creating new value inevitably includes setbacks. What can we learn from them? How can we apply those lessons? I’m convinced that such experiences strengthen our entire technology organization.

    How will AI illuminate the future?

    AI is a critical enabling technology for current and future innovation. To reinforce our group commitment to AI, we have launched a new initiative called Panasonic Go. Its goal is to expand the share of AI-related businesses to 30% of group sales by FY2035. In my view, this transformation will mark our evolution into a new breed of enterprise, with seamless vertical and horizontal connections across multiple layers of the organization.

    While we are still defining specific business targets for FY2035, our goal is to leverage AI and data to connect value that is now provided through individual products and services. We will not simply embed AI in products, but apply it across R&D workflows to boost efficiency and boldly tackle the challenge of creating new value.
    As AI extends into every corner of society, security technology becomes more and more important. From individual product security to security for whole factories and complete IT systems, we are reinforcing our efforts to deliver safety and peace of mind to customers by combining cutting-edge AI with expertise accumulated over many years. We are already contributing to society in tangible ways, such as shielding manufacturing lines from malware, or structuring security systems for entire office buildings.

    Panasonic means hope to everyone invested in the future

    From my perspective as CTO, I’m continually giving thought to how Panasonic technologies can contribute to future society. I think the answer begins in our founding DNA, which embodies a deep-rooted desire to improve people’s lives through manufacturing.
    To those who will lead tomorrow’s society, especially young people shaping the future, and to our engineers at Panasonic, I would say this: Don’t do only what you can do, but keep asking yourself what you should do. No matter how challenging the circumstances, I hope you’ll never lose your optimism. My own motto is, “Good fortune comes to those who smile.” If you’re always optimistic and willing to tackle challenges, I’m confident that a path forward is certain to open up.
    For more than a century, Panasonic has been a part of people’s lives through technology. The trust and technological achievement we have accumulated throughout our history are precious assets. Nevertheless, we must keep our eyes on the future and continue to challenge ourselves to create new value.
    With the Future Technology Vision to guide us, we will achieve transformation as a united Panasonic Group, and do our utmost to deliver futures filled with promise.

    Related Articles

    MIL OSI Economics –

  • MIL-OSI Economics: Business Leaders Urge Recommitment to Open, Rules-based and Predictable Trade, Call for Bold Action to Secure Future Growth Hai Phong, Viet Nam | 22 July 2025 APEC Business Advisory Council

    Source: APEC – Asia Pacific Economic Cooperation

    aRepresentatives of the APEC Business Advisory Council (ABAC) met in Hai Phong, Viet Nam to finalize their recommendations to APEC Leaders and seven Sectoral Ministerial Meetings to be held in Korea later this year. During the meeting, ABAC members reiterated an urgent call to APEC Leaders to reaffirm their commitment to open, rules-based, non-discriminatory, predictable and competitive markets in the face of mounting trade tensions, policy volatility and global uncertainty.

    APEC’s prosperity has long rested on reducing distortions and opening markets, anchored by transparent, rules-based trade but today, that foundation is under threat.

    Escalating trade frictions and uncertainty are disrupting supply chains, inflating costs, shaking business confidence and threatening jobs and living standards. This is throttling growth and distracting from the critical work of revitalizing businesses and our economies. In a ‘Statement on Open Markets’, ABAC underscored that the business community needs a return to the stable trade and economic environment that has underpinned decades of prosperity for every APEC economy.

    As leaders of the Asia-Pacific business community, ABAC recognizes that artificial intelligence (AI) is reshaping our economies, societies and daily lives. Yet the full benefits of AI cannot be realized without robust, efficient and sustainable infrastructure to support its development and deployment. In its Declaration on Sustainable AI Infrastructure and Investment, ABAC reaffirmed its commitment to shaping an AI-powered future that is not only innovative and inclusive, but also environmentally responsible.

    Priorities for Inclusive and Sustainable Growth

    In the 2025 Report to APEC Leaders, ABAC finalized the recommendations it will present later this year to drive sustainable and inclusive growth in the region including the following:

    • Accelerating the realization of the Free Trade Area of the Asia-Pacific (FTAAP), with early deliverables like the APEC Centre of Excellence on Paperless Trade, a new equal pay framework and a Greener Trade Framework.
    • Reforming and modernizing the WTO including making permanent the E-Commerce Moratorium for digital products.
    • Mobilizing investment to fund energy transitions, digital infrastructure, and disaster response.
    • Leading in Digital Transformation by ensuring equitable access to secure, sustainable digital infrastructure, shaping responsible AI deployment and governance and developing interoperable digital trade rules.
    • Strengthening healthcare supply chains and market access for innovations like genomics and AI.
    • Tackling demographic shifts by promoting workforce participation, labor mobility, skills recognition, pensions reform and leveraging emerging technologies.

    ABAC’s work and recommendations are guided by the theme this year—“Bridge. Business. Beyond.” This reflects what is needed to deliver ABAC’s vision: bridge divides, empower businesses to drive growth and look beyond short-term challenges to long-term prosperity. 

    ABAC stands ready to work with APEC Leaders to shape a future of inclusive, sustainable growth for all.

    ABAC 2025 Chairman H.S. Cho thanked His Excellency Luong Cuong, President of Viet Nam, who opened the ABAC meeting.

    ABAC expressed its appreciation to ABAC Viet Nam for the excellent arrangements and the leaders of Hai Phong City for supporting the meeting. Prior to the start of the ABAC meeting, members joined participants to the Hai Phong Investment Promotion Conference held prior to their Meeting where they engaged with H.E. President of Viet Nam, Hai Phong City Leaders and local business owners.  

    For further information, please contact:

    Hyungkon Park (Mr), ABAC Executive Director 2025  at +82 2 6050 3686 and [email protected]
    Antonio Basilio (Mr), Director of the ABAC Secretariat at +63 917 849 3351 and [email protected]

    MIL OSI Economics –

  • MIL-OSI USA: Cornyn Throws Down the Gauntlet on Outbound Investment to Counter China

    US Senate News:

    Source: United States Senator for Texas John Cornyn

    WASHINGTON – Today on the floor, U.S. Senator John Cornyn (R-TX) highlighted his priorities for the National Defense Authorization Act (NDAA), including his Foreign Investment Guardrails to Help Thwart (FIGHT) China Act, which would safeguard the United States against the growing threat posed by the People’s Republic of China (PRC) by prohibiting and requiring notification of U.S. investment in certain technologies in China. Excerpts of Sen. Cornyn’s remarks are below, and video can be found here.

    “One of the things that I’m going to be focusing on as part of the defense authorization bill is to finally address outbound investment in China.”

    “As we speak, U.S. companies are spending billions of dollars in China, investing in Chinese companies, particularly those involved in critical technologies like quantum computing and Artificial Intelligence.”

    “I’ve been raising alarm bells for a number of years now and working toward a solution to this critical, strategic concern for a long time.”

    “I have something to announce to my colleagues here: I’m not going to give up.”

    “I’m not willing to take no for an answer on something that is so critical to our national security.”

    “What good does it do to continue to increase our defense spending if American investors are simultaneously making investments in China in what amounts to the arsenal of our number-one strategic adversary?”

    “Earlier this year, I introduced the Foreign Investment Guardrails to Help Thwart China Act, or the FIGHT China Act.”

    “Secretary Bessent and his colleagues at the Treasury Department have been great allies and great partners in providing us with technical assistance on this legislation.”

    “I would urge both our House and Senate colleagues to ensure that this year’s National Defense Authorization Bill addresses this critical issue.”

    “It’s time for Americans to stop investing in China’s military.”

    MIL OSI USA News –

  • MIL-OSI China: Most US teens have tried AI companions: study

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

    A new study by U.S. nonprofit Common Sense Media has found that 72 percent of U.S. teens have tried an AI companion, according to a report by TechCrunch on Monday.

    The study focused on AI chatbots that are designed for users to have more personal conversations with.

    The study found that chatting with an AI is appealing to U.S. teens aged from 13 to 17, as 52 percent said they are regular users.

    The findings are based on a study that ran during April and May 2025, used a representative sample of 1,060 teens and was conducted by researchers at the University of Chicago.

    A total of 46 percent said they see AI companions as tools or programs, and 33 percent said they use them for social interaction and relationships, while half of teens said they do not trust the information provided by AI companions.

    One-third of the teens said they found the conversations more satisfying than with real-life friends, though the rest felt the opposite. While 80 percent of teens said they spend more time with real friends than with their AI chatbots. 

    MIL OSI China News –

  • MIL-OSI China: Rational competition urged for platform economy

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

    A food delivery man rides after snow in Xining, capital of northwest China’s Qinghai Province, Nov. 4, 2018. [Photo/Xinhua]

    China’s latest efforts to regulate the promotional activities of major food delivery platforms and urge rational competition will help maintain market order and promote the healthy and orderly development of the platform economy, experts said.

    These platforms should ramp up technological innovation, optimize delivery networks and adopt differentiated strategies to further improve user experience and prevent cutthroat competition, they added.

    Their comments came after the State Administration for Market Regulation on Friday summoned three food delivery platforms — Ele.me, Meituan and JD — calling on them to strictly adhere to e-commerce, fair competition and food safety laws, and assume more professional responsibility.

    The regulator urged the three platform companies to further regulate promotional activities, participate in competition rationally, and foster a healthy ecosystem that benefits consumers, merchants, delivery riders and platform operators so as to promote the regulated, healthy and sustainable development of the catering services sector.

    The authority’s meeting with major food delivery platforms followed the recent fierce competition in the country’s instant retail sector — with players offering huge discounts and subsidies to grab a bigger slice of the pie — which triggered a relentless price war.

    “The latest move has demonstrated the government’s firm determination to maintain fair market order, signaling its ‘zero-tolerance’ attitude toward disorderly subsidies and vicious competition,” said Jiang Han, a senior analyst at market consultancy Pangoal, adding that the regulated and healthy development of the food delivery sector is directly related to consumers’ rights and interests.

    It is of great significance to safeguard a fair and orderly market environment and avoid the “involution-style” competition in the food delivery sector, which is experiencing a price war, as major platforms have continuously stepped up subsidies to compete for market share, leading to the compression of merchants’ profits and the decline in consumer experience, Jiang said.

    He said platform enterprises should provide differentiated innovative services, such as optimizing delivery efficiency, enhancing food safety standards and improving after-sales services, thereby creating a healthy competition environment, and promoting the high-quality and sustained development of the food delivery sector.

    In May, the SAMR and four other government departments summoned major food delivery platforms to address prominent issues related to competition in the food delivery sector and to rectify unfair market practices.

    The regulator called on the platforms to comply with laws and regulations, fulfill social responsibilities, strengthen internal management, engage in fair and orderly competition, and better safeguard the rights and interests of consumers, merchants and delivery staff.

    Cao Lei, director of the Internet Economy Institute, a domestic consultancy, said the continuous steep discounts will pose challenges to platform companies’ profitability, intensify competition and further squeeze the survival space of small and medium-sized merchants.

    Cao said the platforms should increase investments in technologies such as artificial intelligence-powered algorithms and intelligent scheduling to enhance fulfillment efficiency, while optimizing supply chain management, safeguarding the legitimate rights and interests of consumers, and improving the welfare of delivery staff.

    Zhu Keli, founding director of the China Institute of New Economy, said it is important that platform enterprises pool more resources into technologies and optimize cost structure through highly efficient inventory management and intelligent warehousing systems.

    MIL OSI China News –

  • MIL-OSI China: Unitree begins preparation for mainland float

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

    Humanoid robots from Chinese company Unitree Robotics are seen at the backstage of China Central Television (CCTV) Spring Festival Gala in Beijing, capital of China, Jan. 28, 2025. [Photo/Xinhua]

    Unitree Robotics, a Chinese manufacturer of humanoid robots, has begun preparations for an initial public offering, joining a wave of domestic embodied AI companies in tapping the capital market as they race to become globally leading robotics firms.

    While Unitree has yet to disclose its intended market for a flotation, several sources told China Daily that China’s STAR Market on the Shanghai Stock Exchange is the likeliest destination.

    According to a filing posted on the website of the China Securities Regulatory Commission, the company is under the listing guidance of CITIC Securities. The company could file its IPO as early as October.

    Founded by Wang Xingxing, Unitree focuses on the high-performance humanoid and quadruped robots. Wang controls roughly 34.8 percent of the firm through direct and indirect holdings.

    The Hangzhou, Zhejiang province-based startup’s G1 humanoid robot surprised viewers in January when 16 such robots performed a dance routine on China’s Spring Festival Gala, which was viewed 16.8 billion times.

    Wang has said previously that the company’s annual revenue has surpassed 1 billion yuan ($137 million) and that it has been making a profit since 2020, which industry experts said is a rare feat in the capital-intensive robotics field.

    Compared with counterparts in the United States, Chinese robotics makers are mass-producing humanoid robots for consumers at cheaper prices.

    Unitree’s G1 is priced at 99,000 yuan ($13,600). After the company became widely known, the humanoid robot has been frequently spotted at meetings, in restaurants, and in various galas as well as activities.

    In addition to the humanoid robots, Unitree also offers the Go2 robotic dog, starting at 9,997 yuan, along with various accessories. The Go2 series has been well-received for its versatility and affordability, making it a popular choice among tech enthusiasts.

    Unitree’s IPO push comes amid a red-hot summer of fundraising across China’s embodied AI sector, a field combining robotics and artificial intelligence to enable machines with physical agency in the real world.

    Earlier this month, humanoid robot startup AgiBot made headlines with a bold move to gain control of a material company via equity transfer and tender offer, which was seen by many industry insiders as a back-door listing play aimed at fast-tracking onto the STAR Market.

    Meanwhile, early-stage fundraising has surged.

    In July alone, several players in the embodied AI sector disclosed fresh financing rounds, drawing heavyweight backers including Tencent Holdings, Alibaba Group, and Geely.

    According to data from tech-focused ITjuzi.com, China’s embodied AI industry saw 133 investment events totaling over 18 billion yuan as of last week, already surpassing the full-year 2023 figures by both volume as well as value.

    Rick Xiong, general manager of the Beijing Embodied Artificial Intelligence Robotics Innovation Center, said: “These combined efforts will shape the future in our favor. Chinese robot companies have the right timing, the right place and the right people to accelerate the humanoid robot push.”

    Xiong said that leading Western countries have witnessed deep-pocketed industry giants dominating the robot landscape, whereas China has been characterized by a proliferation of small to medium-sized enterprises striving to navigate the competitive terrain of humanoid robots.

    He also said that the rise of artificial intelligence large language models, exemplified by technologies like ChatGPT, has been a game-changer in the robotics industry.

    While investor enthusiasm remains high, industry insiders said the real challenge lies in large-scale commercialization. Analysts see a growing divide between players chasing hype and those delivering viable applications.

    Wang from Unitree recently predicted that humanoid robots would be widely used in industries and services within three to five years, with early adoption in hazardous or repetitive environments.

    Wang Feili, a machinery analyst at UBS Securities, echoed that view, saying humanoid robots will likely first land in factories and service settings before entering households. “Industrial scenarios are less complex and more tolerant of cost, whereas consumers expect versatile capabilities — the bar is much higher at home,” she said.

    MIL OSI China News –

  • MIL-OSI Security: U.S. & Korean Forces strengthen mission-support readiness during joint training

    Source: United States INDO PACIFIC COMMAND

    OSAN AIR BASE, Republic of Korea — On July 17, 2025, the 51st Mission Support Group hosted a bilateral logistics and transportation training event with the Korean Service Corps Battalion at Osan Air Base, Republic of Korea. The training focused on establishing bed-down locations and executing cargo-handling operations to boost interoperability and contingency readiness.

    MIL Security OSI –

  • MIL-OSI Security: U.S. & Korean Forces strengthen mission-support readiness during joint training

    Source: United States INDO PACIFIC COMMAND

    OSAN AIR BASE, Republic of Korea — On July 17, 2025, the 51st Mission Support Group hosted a bilateral logistics and transportation training event with the Korean Service Corps Battalion at Osan Air Base, Republic of Korea. The training focused on establishing bed-down locations and executing cargo-handling operations to boost interoperability and contingency readiness.

    MIL Security OSI –

  • MIL-OSI: Bitget Expands Starlink-Powered PayFi Islands Initiative to Negros Oriental

    Source: GlobeNewswire (MIL-OSI)

    DUMAGUETE, Philippines, July 22, 2025 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, is deepening its commitment to digital inclusion in the Philippines by expanding its PayFi Islands initiative to Negros Oriental. This next phase will bring Starlink-powered high-speed internet to Apo Elementary School and the Arts and Design Collective Dumaguete (ADCD), tackling long-standing connectivity challenges in education and the creative sector.

    In many parts of Negros Oriental, including remote islands like Apo and urban centers such as Dumaguete, reliable internet access remains elusive. Outdated infrastructure, like microwave radio links, continues to limit bandwidth and reliability, cutting communities off from modern tools and opportunities. This digital divide has sent a ripple effect through key sectors, such as education and creative industries, hindering access to information, digital tools, and, in turn, economic opportunities.

    Bitget Starlink being presented to Apo Elementary School

    Bitget’s latest deployment brings high-speed Starlink internet to two key communities in Negros Oriental, each facing distinct yet equally urgent digital challenges. After years of limited resources and unreliable internet, Apo Elementary School, the only public school on Apo Island, will finally be connected through Starlink. This new access will unlock digital learning tools, teacher development programs, and broader educational networks, creating new opportunities for academic growth and long-term empowerment in a community that has long relied on fishing.

    Bitget Starlink being presented to Arts and Design Collective Dumaguete (ADCD)

    Meanwhile, in Dumaguete, Bitget partnered with the Arts and Design Collective Dumaguete (ADCD), a vibrant creative hub preparing to launch a maker’s space for local artists and entrepreneurs. Previously held back by poor internet access, this space will now offer digital tools, fabrication technologies, and pathways to global collaboration, enabling the city’s creative sector to thrive in the digital economy.

    “Access to the internet is access to opportunities,” said Vugar Usi Zade, COO of Bitget. “With PayFi Islands, we’re connecting people to education, to the digital economy, to more opportunities. These communities deserve to be part of the future, and we’re here to help make that happen.”

    Scheduled for full deployment in July 2025, the project includes hardware installation, subscription support, and community training. The expansion in Negros Oriental is part of Bitget’s second phase in bridging the digital divide in Philippine Island communities. In May 2025, Bitget’s Starlink Program first introduced reliable connectivity to Siargao’s Espoir School of Life and Barangay Pitogo. As Bitget continues its rollout, these initiatives lay the foundation for Bitget’s broader educational and empowerment programs, Blockchain4Youth and Blockchain4Her. These programs will introduce blockchain literacy, financial education, and decentralized technology training to students and women-led cooperatives in the region, ensuring that the new digital infrastructure becomes a platform for sustainable development.

    The Blockchain4Youth initiative highlights a powerful message that true crypto adoption begins with access. From the classrooms of Apo Island to the creative studios of Dumaguete, this expansion reflects Bitget’s long-term commitment to inclusion, empowerment, and building a future where no one is left offline.

    About Bitget

    Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 120 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a leading non-custodial crypto wallet supporting 130+ blockchains and millions of tokens. It offers multi-chain trading, staking, payments, and direct access to 20,000+ DApps, with advanced swaps and market insights built into a single platform.

    Bitget is driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.

    Aligned with its global impact strategy, Bitget has joined hands with UNICEF to support blockchain education for 1.1 million people by 2027. In the world of motorsports, Bitget is the exclusive cryptocurrency exchange partner of MotoGP™, one of the world’s most thrilling championships.

    For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet

    For media inquiries, please contact: media@bitget.com

    Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/59156b0d-6ba9-44e2-8a4f-a34c8ebe0ab7

    https://www.globenewswire.com/NewsRoom/AttachmentNg/0c0f85a9-5867-43ca-a385-465bf8a1964d

    https://www.globenewswire.com/NewsRoom/AttachmentNg/c48f6760-bbc1-4649-817e-4bb050335e08

    The MIL Network –

  • MIL-OSI Economics: Secretary-General of ASEAN to pay a visit to the People’s Republic of China and to attend 2025 World AI Conference

    Source: ASEAN

    At the invitation of the Government of the People’s Republic of China, Secretary-General of ASEAN, Dr. Kao Kim Hourn, will undertake a visit to the People’s Republic of China and take part in the 2025 World AI Conference, from 23 to 26 July 2025.
     
    During his stay in Beijing and Shanghai, SG Dr. Kao will have several key engagements, including a bilateral meeting with H.E. Wang Yi, Minister of Foreign Affairs of the People’s Republic of China, as well as meeting with other senior government officials and private sectors such as Asian Infrastructure Investment Bank (AIIB) and Shanghai Cooperation Organisation (SCO), among others.
     
    SG Dr. Kao will also take the opportunity to meet with the ASEAN Committee in Beijing (ACB) and to speak at the Opening Ceremony of the 2025 World Artificial Intelligence Conference as well as at the High-Level Meeting on Global AI Governance. His participation reflects ASEAN’s continued commitment to advancing the ASEAN-China Comprehensive Strategic Partnership and to delivering this year’s priorities, particularly in deepening digital collaboration in the fields of artificial intelligence and emerging technologies.
    The post Secretary-General of ASEAN to pay a visit to the People’s Republic of China and to attend 2025 World AI Conference appeared first on ASEAN Main Portal.

    MIL OSI Economics –

  • MIL-OSI Economics: Secretary-General of ASEAN to pay a visit to the People’s Republic of China and to attend 2025 World AI Conference

    Source: ASEAN

    At the invitation of the Government of the People’s Republic of China, Secretary-General of ASEAN, Dr. Kao Kim Hourn, will undertake a visit to the People’s Republic of China and take part in the 2025 World AI Conference, from 23 to 26 July 2025.
     
    During his stay in Beijing and Shanghai, SG Dr. Kao will have several key engagements, including a bilateral meeting with H.E. Wang Yi, Minister of Foreign Affairs of the People’s Republic of China, as well as meeting with other senior government officials and private sectors such as Asian Infrastructure Investment Bank (AIIB) and Shanghai Cooperation Organisation (SCO), among others.
     
    SG Dr. Kao will also take the opportunity to meet with the ASEAN Committee in Beijing (ACB) and to speak at the Opening Ceremony of the 2025 World Artificial Intelligence Conference as well as at the High-Level Meeting on Global AI Governance. His participation reflects ASEAN’s continued commitment to advancing the ASEAN-China Comprehensive Strategic Partnership and to delivering this year’s priorities, particularly in deepening digital collaboration in the fields of artificial intelligence and emerging technologies.
    The post Secretary-General of ASEAN to pay a visit to the People’s Republic of China and to attend 2025 World AI Conference appeared first on ASEAN Main Portal.

    MIL OSI Economics –

  • MIL-OSI Russia: The AI Revolution in Education: Are Chinese Algorithms Teaching You?

    Translation. Region: Russian Federal

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

    An important disclaimer is at the bottom of this article.

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

    BEIJING, July 22 (Xinhua) — China has released guidelines to accelerate digital education this year. Based on three years of experience summarizing the national digital education strategy, Chinese authorities have put forward comprehensive work plans to further advance national digital education.

    How far has digital education progressed in China now and how will it develop in the future?

    A BREAKTHROUGH IN DIGITAL EDUCATION

    In 2022, the state public service platform for intellectual education was opened, marking the official launch of the national digital education strategy.

    After three years of development, this platform integrates 5 sub-platforms and has access to 32 provincial-level platforms. It has registered more than 163 million users and the number of visits and views on the platform has exceeded 60.8 billion times.

    At the same time, the platform has launched more than 110 thousand educational resources for primary and secondary schools, more than 11 thousand high-quality online courses for vocational education and 31 thousand courses for higher education.

    “Over the past three years, breakthroughs have been made in implementing the national digital education strategy and the world’s largest platform for public learning resources and services and a lifelong public learning platform have been established,” said Zhou Dawan, head of the Department of Science, Technology and Information Technology of the Ministry of Education of the People’s Republic of China.

    At present, digital education in China is being comprehensively promoted with faster speed and efficiency. All schools at different levels in China are connected to the Internet, and more than 75% of schools have wireless network coverage. In addition, new infrastructure has been built in many places to build provincial-level intelligent education platforms.

    “In the future, it is necessary to work hard to build a diversified system of platforms, catalog systems, resources, data and application systems, and improve the platform’s intelligence level to create a digital base with high intelligence and strong interaction,” said Yang Zongkai, head of the advisory committee of experts on digital education at the Ministry of Education of the People’s Republic of China.

    AI IN EDUCATION REFORM

    Nowadays, the application of artificial intelligence is becoming a hot topic in the field of education. From cities to rural areas, many educational institutions have begun to study specific areas of application of artificial intelligence.

    In March this year, China released the intelligent version of the national intelligent education platform 2.0 and launched an “artificial intelligence testing ground” to promote innovation in human-computer interaction.

    Zhou Dawan noted that in the future, the “AI testing ground” will be improved, focusing on four main aspects – student learning, teacher teaching, educational management and scientific research, and the innovative forces of high-level universities and enterprises will be combined to develop promising practical AI tools.

    It should be recalled that the guidelines on accelerating digital education state that it is necessary to promote the digital transformation of academic disciplines, teaching materials and teaching models, and to improve the digital literacy and skills of the entire population, especially teachers and students.

    In addition, the document also proposes to establish an “AI education” security assurance system and explore the possibility of establishing an algorithm security assessment system to effectively avoid problems such as cyber attacks, information cocoons, algorithm hegemony and Internet addiction.

    PROMOTING DIGITAL EDUCATION AS AN INTERNATIONAL BRAND

    The above document points out that the internationalization of digital education should be actively promoted and international cooperation in the joint creation and utilization of resources, joint training of personnel, etc. should be deepened so as to form an international brand of Chinese digital education.

    After more than 10 years of development, China ranks first in the world in the number and scale of application of massive open online courses (MOOCs), creating an international brand in higher education worldwide.

    In January 2024, the international version of the government’s public service platform in the field of intelligent education was launched, which will provide all-weather support for the education of students around the world.

    In addition, according to the data, the state intellectual education platform in the field of higher education has been visited by more than 106 million people, and its users cover 183 countries and regions of the world.

    The document also said that it is necessary to deepen the application of the international version of the national public service platform in the field of intelligent education, so that digital education can benefit students all over the world and China’s digital education can become a benchmark for the world.

    “Digital education is an inevitable trend of modern development,” Zhou Dawan said, adding that it is not only a technological revolution in education, but also a profound reform of the concept, model and management of education.

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

    .

    MIL OSI Russia News –

  • MIL-OSI United Nations: ‘Sustainable Development Goals Not Dream, but Plan’, Secretary-General Tells Political Forum

    Source: United Nations General Assembly and Security Council

    The following are UN Secretary-General António Guterres’ remarks to the ministerial segment of the high-level political forum on sustainable development, in New York today:

    This year’s high-level political forum arrives at a time of profound challenge — but also real possibility.  Despite enormous headwinds, we have seen just in the last two months what can be achieved when countries come together with conviction and focus.

    We saw it in Geneva, where the World Health Assembly adopted the Pandemic Agreement — a vital step toward a safer, more equitable global health architecture.  We saw it in Nice at the third UN Ocean Conference, where Governments committed to expand marine protected areas and tackle plastic pollution and illegal fishing.

    And we saw it in Sevilla at the fourth International Financing for Development Conference, where countries agreed on a new vision for global finance — one that expands fiscal space, lowers the cost of capital, and ensures developing countries have a stronger voice and participation in the organizations that shape their future.

    These are not isolated wins.  They are signs of momentum.  Signs that multilateralism can deliver.  Signs that transformation is not only necessary — it is possible.  And that is the spirit we bring to this high-level political forum.

    This forum is about renewing our common promise — to end poverty, protect the planet, and ensure prosperity for all.  We also recognize the deep linkages between development and peace.

    We meet against the backdrop of global conflicts that are pushing the Sustainable Development Goals (SDGs) further out of reach.  That’s why we must keep working for peace in the Middle East.

    Over the weekend in Gaza, we saw yet more mass shootings and killings of people seeking UN aid for their families — an atrocious and inhumane act which I utterly condemn.

    We need an immediate ceasefire in Gaza, the immediate release of all hostages, and unimpeded humanitarian access as a first step to achieve the two-State solution.  We need the ceasefire between Iran and Israel to hold.  We need a just and lasting peace in Ukraine based on the UN Charter, international law and UN resolutions.

    We need an end to the horror and bloodshed in Sudan.  And the list goes on, from the Democratic Republic of the Congo to Somalia, from the Sahel to Myanmar.

    At every step, we know sustainable peace requires sustainable development.  The Sustainable Development Goals are not a dream.  They are a plan.  A plan to keep our promises — to the most vulnerable people, to each other, and to future generations.  People win when we channel our energy into development.

    Since 2015, millions more people have access to electricity, clean cooking, and the internet.  Social protection now reaches over half the world’s population — up from just a quarter a decade ago.  More girls are completing school.  Child marriage is declining.  Women’s representation is growing — from the boardrooms of business to the halls of political power.

    But we must face a tough reality:  Only 35 per cent of SDG targets are on track or making moderate progress.  Nearly half are moving too slowly.  And 18 per cent are going backwards.

    Meanwhile, the global economy is slowing.  Trade tensions are rising.  Inequalities are growing.  Aid budgets are being decimated while military spending soars.  And mistrust, division and outright conflicts are placing the international problem-solving system under unprecedented strain.  We cannot sugarcoat these facts.  But we must not surrender to them either.

    The SDGs are still within reach — if we act with urgency and ambition.  This year’s forum focuses on five critical Goals:  health, gender equality, decent work, life below water, and global partnerships.  All are essential.  All are interconnected.  All can spur change across other goals.

    On health, COVID-19 exposed and deepened inequalities — and today, far too many people still lack access to basic care.  We know what works.  We must boost investment in universal health coverage, rooted in strong primary care and prevention, reaching those furthest behind first.

    On gender equality, gaps remain wide.  Women and girls face systemic barriers — from violence and discrimination to unpaid care and limited political voice.

    But we also see growing momentum:  from grassroots movements to national reforms.  Now is the time to turn that momentum into transformation — with rights-based policies, accountability, and real financing into programmes that support inclusion and equality for women and girls.

    On decent work, the global economy is leaving billions behind. Over 2 billion people are in informal jobs Youth unemployment is stubbornly high.  But we have tools to change this.

    The Global Accelerator on Jobs and Social Protection is helping countries invest in expanded social protection initiatives, skills training, and the creation of sustainable livelihoods — including in growing industries like clean energy.

    Tomorrow, I will deliver an address on the enormous opportunities of the renewables revolution.  The upcoming World Summit on Social Development can help spur further progress.

    On life below water, our ocean and the communities that count on it are paying the price of overfishing, pollution, and climate change. We must deliver on the commitments of the Nice Ocean Conference — to protect marine ecosystems and support the millions who depend on them.  And, finally, on global partnerships — SDG 17 — we need to strengthen all the elements that can support progress.

    This means investing in science, data, and local capacity. And harnessing digital innovation — including artificial intelligence — to accelerate progress, not deepen divides.

    Throughout, we must recognize the need to reform the unfair global financial system, which no longer represents today’s world or the challenges faced by developing countries.

    We must ensure a reform for developing countries to have a stronger voice and greater participation to help advance the Sustainable Development Goals on the ground.

    The Sevilla Commitment that emerged from the Conference on Financing for Development includes important steps:  Through new domestic and global commitments that can channel public and private finance to the areas of greatest need.

    By increasing the capacity of Governments to substantially mobilize domestic resources, including through tax reform.  And by establishing a more effective framework for debt relief and tripling the lending capacity of multilateral development banks to the benefit of developing countries.

    In the coming year, we must keep building.  We must strengthen and scale up partnerships that deliver — including with the private sector and civil society organizations and local authorities.

    We must embed long-term thinking into every decision, as we committed in the Declaration on Future Generations.  And we must continue to learn from each other.

    Voluntary national reviews — the backbone of this forum — are more than reports.  They are acts of accountability.  They are journeys of self-discovery as countries develop and build.  And they are templates for other countries to follow and learn from.

    By the end of this high-level political forum, we will have surpassed 400 reviews — with over 150 countries presenting more than once.  That is a powerful signal of commitment.  A clear demonstration that solutions exist and can be replicated and expanded.

    With five years left, it’s time to transform these sparks of transformation into a blaze of progress — for all countries.  Let us act with determination, justice and direction. And let’s deliver on development — for people and for planet.

    MIL OSI United Nations News –

  • MIL-OSI China: Tag along with Jay at CISCE: 3, 2, 1, Go! Linking you to a better lifestyle

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

    From beauty tech to wellness solutions, the third China International Supply Chain Expo has it all! Join British host Jay as he explores how innovative AI, smart home technology and pharmaceutical advances are transforming health, beauty and quality living. Three, two, one — hit the link and discover a new way to live well!

    MIL OSI China News –

  • MIL-OSI: ERAG Energie & Rohstoff AG Announces Acquisition of Shares of Belmont Resources Inc.

    Source: GlobeNewswire (MIL-OSI)

    VANCOUVER, British Columbia, July 21, 2025 (GLOBE NEWSWIRE) — ERAG Energie & Rohstoff AG PCC (the “Acquiror), a private investment a private investment holding company incorporated in Liechtenstein, announces that on July 17, 2025, the Acquiror, along with two joint actors HMS Bergbau AG (“HMS”) and LaVo Verwaltungsgesellschaft MBH (“LaVo”), acquired Common Shares of Belmont Resources Inc. (TSX-V: BEA) (the “Issuer”). The Issuer completed a private placement of Common Shares, issuing a total of 26,300,00 shares at a price of $0.045 per share for proceeds of $1,183,500 (the “Private Placement”). Under the Private Placement, the Acquiror purchased 4,000,000 Common Shares, HMS purchased 15,000,000 Common Shares and LaVo purchased 7,300,000 Common Shares.

    The Private Placement was the second tranche of a larger private placement in which the Issuer issued a total of 30,300,000 Common Shares.

    Immediately prior to the closing of the Private Placement, the Acquiror held 14,000,000 Common Shares of the Issuer and HMS held 9,200,000 Common Shares of the Issuer, for a total combined holding of 23,200,000 Common Shares, representing approximately 21.8% of the Issuer’s issued and outstanding Shares        .

    As a result of the completion of the Private Placement, the Acquiror now holds 18,000,000 Common Shares, HMS holds 24,200,000 Common Shares and LaVo holds 7,300,000 Common Shares, for combined holdings of 49,500,000 Common Shares, representing approximately 37.4% of the Issuer’s issued and outstanding Common Shares.

    The Acquiror, HMS and LaVo purchased Common Shares under the Private Placement for business and investment purposes. The Acquiror, HMS and LaVo may, depending on market and other conditions, increase or decrease their beneficial ownership of or control or direction over the Issuer’s securities, whether in the open market, by privately negotiated agreements or otherwise, subject to a number of factors, including general market conditions and other available investment and business opportunities.

    The Acquiror has filed an Early Warning Report pursuant to National Instrument 62-103F1 The Early Warning System and Related Take-Over Bid and Insider Reporting Issues describing the above transaction with the applicable securities regulatory authorities. To obtain a copy of the early warning report filed by the Acquiror, please contact the Acquiror c/o Gritt Bürger at +41 79 214 1614 or refer to the Company’s SEDAR+ profile at www.sedarplus.ca.

    ERAG Energie & Rohstoff AG PCC
    Concordanz Anstalt
    Austrasse 42
    9490 Vaduz
    Liechtenstein
    Gritt Bürger, Director
    finance@erag.biz

    The MIL Network –

  • MIL-OSI: Texas Parents and Fossil Free Media’s Make Polluters Pay Campaign Hold Memorial Outside White House After Deadly Flooding

    Source: GlobeNewswire (MIL-OSI)

    WASHINGTON, July 21, 2025 (GLOBE NEWSWIRE) — Today, Texas parents gathered outside the White House for a solemn memorial and press conference following the catastrophic flooding in Kerr County that claimed more than 120 lives, including 27 children attending summer camp.

    Organized by impacted families and the Make Polluters Pay, a campaign by Fossil Free Media, the memorial featured a powerful visual display of 27 children’s camp trunks on the Ellipse Lawn—each representing a young life lost. Parents placed yellow roses atop the trunks in silence before delivering impassioned remarks demanding federal accountability and urgent action to protect children from worsening climate-driven disasters.

    The ceremony concluded with a stirring performance by a local choir, who sang “Lean on Me” and “Rise Like the Water” as families stood arm in arm, calling for justice and change.

    Parents directly blamed the Trump administration’s cuts to disaster preparedness and early warning systems, including FEMA, NOAA, and the National Weather Service, which they say left communities vulnerable. Texas Senator Ted Cruz, who chairs the Senate Commerce Committee, recently inserted language into H.R. 1 that slashed millions from NOAA programs essential for flood forecasting and public alerts.

    “We know that this administration, by destroying renewable energy and using our tax dollars to prop up the fossil fuel industry, an industry that earned $102 billion dollars last year, is doing everything it can to supercharge this climate crisis,” said Texan and mom Samantha Gore. “To also be defunding our NWS and NOAA, the agencies we use to keep our children safe, at the same time is unthinkable. How dare they. Parents won’t sit back while our children die from floods that shouldn’t have been supercharged, from DOGE cuts that put their lives on the line, and from weather services not being funded. What are they thinking? We won’t back down. They are destroying everything we love.”

    In addition to demanding the restoration of life-saving public programs, demonstrators called on President Trump and Congress to hold fossil fuel companies financially accountable for the damage their pollution has caused.

    “Texans are grieving because public safety systems were dismantled to serve fossil fuel interests,” said Cassidy DiPaola, spokesperson for the Make Polluters Pay campaign. “Senator Cruz helped cut flood forecasting programs days before the storm. Now families are paying the price while polluters and their allies deflect blame. Texans deserve accountability, not excuses.”

    Speakers stressed that the Kerr County tragedy reflects a growing pattern of climate disasters that will only intensify without bold action and restoration of critical safeguards.

    “It feels like we’ve lost our way as a country in a very short time. In the six months since this administration has been in charge they have encouraged, enabled, allowed a temporary government agency, one with no oversight, to wantonly cut budgets and offer early retirements for roles that are crucial to the safety of our communities. There were other serious failures at lower levels of government, all of which directly contributed to the loss of dozens of children’s lives. These weren’t accidents or acts of God. These were intentional choices. Let that sink in,” said Texan and mom Helen Waters. “ This event affected me deeply as I grew up going to summer camp in the area and I have close friends who were caught in the flooding and nearly died. However it’s clear to me that this has, and will, happen in other places. We must fight for a social contract with reliable and accountable.”

    “As an Austin mom, I’ve been feeling the losses of the children from my community in a very visceral, immediate way,” said Texan and mom Eileen McGinnis. “As the founder of The Parents’ Climate Community, a climate nonprofit in Central Texas, I was moved to join because it’s also vital to connect these losses, this collective grief, to a larger story: kids around the world are bearing the brunt of climate change’s impacts, and we are failing to protect them.”

    To speak with parents or campaign representatives, please contact:
    Cassidy DiPaola | Fossil Free Media | cassidy@fossilfree.media | 401-441-7196

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/dec3545d-41ef-480b-a8bf-bb3665e09832

    The MIL Network –

  • MIL-OSI: Texas Parents and Fossil Free Media’s Make Polluters Pay Campaign Hold Memorial Outside White House After Deadly Flooding

    Source: GlobeNewswire (MIL-OSI)

    WASHINGTON, July 21, 2025 (GLOBE NEWSWIRE) — Today, Texas parents gathered outside the White House for a solemn memorial and press conference following the catastrophic flooding in Kerr County that claimed more than 120 lives, including 27 children attending summer camp.

    Organized by impacted families and the Make Polluters Pay, a campaign by Fossil Free Media, the memorial featured a powerful visual display of 27 children’s camp trunks on the Ellipse Lawn—each representing a young life lost. Parents placed yellow roses atop the trunks in silence before delivering impassioned remarks demanding federal accountability and urgent action to protect children from worsening climate-driven disasters.

    The ceremony concluded with a stirring performance by a local choir, who sang “Lean on Me” and “Rise Like the Water” as families stood arm in arm, calling for justice and change.

    Parents directly blamed the Trump administration’s cuts to disaster preparedness and early warning systems, including FEMA, NOAA, and the National Weather Service, which they say left communities vulnerable. Texas Senator Ted Cruz, who chairs the Senate Commerce Committee, recently inserted language into H.R. 1 that slashed millions from NOAA programs essential for flood forecasting and public alerts.

    “We know that this administration, by destroying renewable energy and using our tax dollars to prop up the fossil fuel industry, an industry that earned $102 billion dollars last year, is doing everything it can to supercharge this climate crisis,” said Texan and mom Samantha Gore. “To also be defunding our NWS and NOAA, the agencies we use to keep our children safe, at the same time is unthinkable. How dare they. Parents won’t sit back while our children die from floods that shouldn’t have been supercharged, from DOGE cuts that put their lives on the line, and from weather services not being funded. What are they thinking? We won’t back down. They are destroying everything we love.”

    In addition to demanding the restoration of life-saving public programs, demonstrators called on President Trump and Congress to hold fossil fuel companies financially accountable for the damage their pollution has caused.

    “Texans are grieving because public safety systems were dismantled to serve fossil fuel interests,” said Cassidy DiPaola, spokesperson for the Make Polluters Pay campaign. “Senator Cruz helped cut flood forecasting programs days before the storm. Now families are paying the price while polluters and their allies deflect blame. Texans deserve accountability, not excuses.”

    Speakers stressed that the Kerr County tragedy reflects a growing pattern of climate disasters that will only intensify without bold action and restoration of critical safeguards.

    “It feels like we’ve lost our way as a country in a very short time. In the six months since this administration has been in charge they have encouraged, enabled, allowed a temporary government agency, one with no oversight, to wantonly cut budgets and offer early retirements for roles that are crucial to the safety of our communities. There were other serious failures at lower levels of government, all of which directly contributed to the loss of dozens of children’s lives. These weren’t accidents or acts of God. These were intentional choices. Let that sink in,” said Texan and mom Helen Waters. “ This event affected me deeply as I grew up going to summer camp in the area and I have close friends who were caught in the flooding and nearly died. However it’s clear to me that this has, and will, happen in other places. We must fight for a social contract with reliable and accountable.”

    “As an Austin mom, I’ve been feeling the losses of the children from my community in a very visceral, immediate way,” said Texan and mom Eileen McGinnis. “As the founder of The Parents’ Climate Community, a climate nonprofit in Central Texas, I was moved to join because it’s also vital to connect these losses, this collective grief, to a larger story: kids around the world are bearing the brunt of climate change’s impacts, and we are failing to protect them.”

    To speak with parents or campaign representatives, please contact:
    Cassidy DiPaola | Fossil Free Media | cassidy@fossilfree.media | 401-441-7196

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/dec3545d-41ef-480b-a8bf-bb3665e09832

    The MIL Network –

  • MIL-OSI USA: The One Big Beautiful Bill Cuts Taxes for Workers

    US Senate News:

    Source: United States Senator for Idaho Mike Crapo

    Washington, D.C.–The One Big Beautiful Bill Act invests in workers, delivering on President Trump’s promises to end tax on tips and overtime for millions of hardworking Americans. It also lessens the administrative burden on gig workers and small businesses.
    “This legislation enables the tipped and hourly workers who keep our economy running to keep more of each hard-earned paycheck,” said Finance Committee Chairman Mike Crapo (R-Idaho).
    Key wins:
    No tax on tips for millions of tipped workers.
    No tax on overtime for millions of America’s hourly workers.
    Repeals the Democrats’ onerous IRS reporting requirements on gig workers.
    Increases the 1099-MISC threshold, reducing the paperwork burden for small businesses and workers.
    What they are saying:
    “We greatly appreciate the Senate’s inclusion of other AICPA priorities in its bill, particularly: repealing the American Rescue Plan Act’s lowered threshold for Form 1099-K to $600 for an unlimited number of transactions; and increasing the filing threshold for Forms 1099-NEC and Forms 1099-MISC from $600 to $2,000, adjusted for inflation.” – AICPA
    “The Coalition for 1099-K Fairness strongly supports the Senate Finance package’s inclusion of language to raise the 1099-K reporting threshold. This commonsense provision would increase the threshold to over $20,000 in total payments and more than 200 transactions per calendar year—effectively stopping the implementation of a burdensome $600 threshold, regardless of transaction count, scheduled to take effect in 2026 under the American Rescue Plan Act (ARP).” – Coalition for 1099K Fairness
     

    MIL OSI USA News –

  • MIL-OSI Banking: [Unboxing] Galaxy Z Fold7: Powerful Versatility in the Thinnest, Lightest Z Fold Yet

    Source: Samsung

    It’s finally here — the thinnest and lightest Galaxy Z Fold yet.
     
    Equipped with multimodal AI and a foldable-optimized UI, the Galaxy Z Fold7 delivers a truly Ultra experience that raises the bar for smartphones.
     
    Samsung Newsroom unboxed the Galaxy Z Fold7 for Galaxy fans eager to see all the exciting improvements and advanced capabilities that the new device brings.
     
     
    First Impressions
    
    ▲ The Galaxy Z Fold7
     
    Upon opening the sleek, black packaging, Galaxy’s signature modern design, slim silhouette, and remarkably light build are all immediately apparent.
     
    
    ▲ The rear of the Galaxy Z Fold7 from different angles
     
    The signature color Blue Shadow shifts with an iridescent glow from deep navy to bright blue as the device’s metallic finish reflects light from different angles, perfectly capturing Galaxy’s futuristic, premium aesthetic.
     
    The Galaxy Z Fold7 is available in three colors: the signature Blue Shadow, the modern Silver Shadow, and the ever-popular Jetblack — with Mint also available as a Samsung.com exclusive.1
     
    ▲ The Galaxy Z Fold7’s rear triple camera
     
    The camera island surrounding the rear triple camera matches the body color of the device for a seamless, cohesive design.
     

     
    For the first time in the series, the Galaxy Z Fold7 features a 200MP wide-angle camera, allowing users to capture every moment in stunning detail. It also comes equipped with enhanced night photography and videography capabilities, along with a 100-degree main display front camera, to bring an Ultra camera experience to the foldable form factor.
     
    ▲ The Galaxy Z Fold7’s packaging and its contents
     
     
    Thinner Than Ever
    The Galaxy Z Fold7 is the thinnest device in the series to date, representing the culmination of years of hardware innovation. From design to material selection, every effort was made to shave off even a single millimeter — and this can be appreciated the moment the device is picked up for the first time.
     
    ▲ The Galaxy Z Fold7 is easier than ever to grasp in the hand.
     
    As the latest evolution in the Z Fold series, the Galaxy Z Fold7 now fits even more comfortably in one hand, making it easier to carry.
     
    ▲The Galaxy Z Fold7 is only 8.9mm thick when folded, which is comparable to a chocolate wafer bar.
     
    When folded,2 it measures just 8.9mm — comparable to a chocolate wafer bar.
     
    When unfolded, it’s only 4.2mm, which is slimmer than two slices of cheese stacked together
     
    ▲ The Galaxy Z Fold7 is only 4.2mm thick when unfolded, which is thinner than two slices of cheese stacked together.
     
     
    Familiar Comfort When Folded, Expansive View When Unfolded
    The cover display now features a wider 21:9 aspect ratio, bringing the familiar proportions of a bar-type smartphone to a foldable device. Thanks to this, the Galaxy Z Fold7 offers a user experience similar to that of a Galaxy S25 Ultra device when folded.
     

     
    At 6.5 inches, the cover display also allows for more accurate typing and a wider view of content when sending quick messages or searching for information — a subtle yet impactful improvement over the slightly narrower screen of the Galaxy Z Fold6.
     
    ▲ The Galaxy Z Fold7’s larger cover display makes it easier to type when the device is folded.
     
    The Galaxy Z Fold7 is actually lighter than many bar-type smartphones. At just 215g, it is even lighter than the Galaxy S25 Ultra’s 218g, which takes foldable usability to a whole new level.3
     
    ▲ (From left) A weight comparison between the Galaxy S25 Ultra and the Galaxy Z Fold7
     
    So, when folded, the device offers the intuitive feel of a bar-type smartphone — and when unfolded, it delivers the largest, most immersive display of any Galaxy smartphone out there. The result is an experience unique to the Galaxy Z Fold7.
     
    
    ▲ The Galaxy Z Fold7’s expansive main display is ideal for immersive gaming and content viewing. (* To listen to the audio, click the speaker button at the bottom of the video.)
     
     
    Multimodal AI Meets Foldable Innovation
    The Galaxy Z Fold7 is one of the first Samsung devices to bring One UI 8 on Android 16 offering a more accessible way to experience multimodal AI in everyday life. For example, with a long press of the side button, users can instantly activate Gemini Live, the on-device AI agent, and effortlessly share what’s on their screen or in front of their camera in real time.
     
    The large main display expands the AI agent’s understanding of complex situations. It can interpret multiple apps on the Multi Window layout simultaneously to make conversations more intuitive and helpful.
     
    
    ▲ Screen sharing with Gemini Live (* To listen to the audio, click the speaker button at the bottom of the video)
     
    For example, if someone is trying to pick the perfect Galaxy Z Fold7 color to match their favorite purse, they can open the Gallery app on the left window to display a photo of the purse, and open the browser on the right window to display the Z Fold7’s color options. After that, all they need to do is press and hold the side button to activate Gemini Live, tap “Share screen with Live” and ask whether their purse would go well with the color they have in mind.
     
    The AI agent will then analyze both screens at once and let them know whether that color and the purse pair nicely. Even when the device is folded, users can still ask the AI agent questions and receive real-time answers.
     
    
    ▲ Camera sharing with Gemini Live (* To listen to the audio, click the speaker button at the bottom of the video)
     
    Let’s say a user wants to know which batteries their TV remote requires — they can just share their camera with Gemini Live by directing the camera at the remote and ask away. Galaxy AI will recognize the model and instantly tell you which battery type it needs.
     
    With a simple voice command, they can also save information on the nearest stores that sell them to Samsung Notes and even set a reminder to buy the batteries after work — all without typing anything.
     
    
    ▲ The Galaxy Z Fold7 can display AI-generated answers in pop-up or split screen view, keeping multitasking fluid and uninterrupted.
     
    The Galaxy Z Fold7’s AI-powered features go beyond live assistance. When browsing the web, users can request information from Galaxy AI without breaking rhythm and losing focus of the content in front of them. Responses will appear in pop-ups or split view, keeping multitasking smooth and uninterrupted.
     
    Thinner, smarter and more powerful than ever, Galaxy Z Fold7 makes a bold first impression — a next-generation device ushering in the era of the Ultra foldable, poised to redefine the future of mobile innovation.
     
     
    1 Color availability may vary depending on country or carrier.
    2 Folded thickness measured from the cover display to the rear glass.
    3 Weight may vary by country or carrier.

    MIL OSI Global Banks –

  • MIL-OSI China: China has over 1.12 billion internet users, boosting prowess in culture, AI

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

    China had more than 1.12 billion internet users as of June 2025, according to a report released by the China Internet Network Information Center (CNNIC) on Monday.

    The report also noted that internet penetration in China reached 79.7 percent by June 2025, an increase of 1.1 percentage points compared with December 2024.

    People visit the Light of Internet Expo in Wuzhen, east China’s Zhejiang Province, Nov. 19, 2024. The Light of Internet Expo kicked off on Tuesday during the 2024 World Internet Conference (WIC) Wuzhen Summit in the water-town of Wuzhen, showcasing the latest technological achievements, especially those made in the artificial intelligence (AI) area. (Xinhua/Cai Xiangxin)

    According to the report, China has made significant strides in internet development during the 14th Five-Year Plan period (2021-2025). In particular, efforts to make the internet more inclusive have allowed key groups, such as the elderly and rural residents, to share in the benefits of this progress.

    As of June 2025, China had 161 million internet users aged 60 and above, and 322 million living in rural areas. Internet penetration among these groups reached 52 percent and 69.2 percent, respectively.

    Meanwhile, the continued development of the internet in China has played a key role in promoting Chinese culture both domestically and internationally, the report said, citing the rising export of Chinese online literature and games, along with the growing synergy between popular web series and related tourist destinations.

    For instance, in 2024, the overseas market scale of Chinese online literature exceeded 5 billion yuan (about 700 million U.S. dollars). Reaching more than 200 countries and regions worldwide, Chinese online literature now has more than 350 million overseas readers.

    In particular, Japan saw its number of Chinese online literature readers grow by an astounding 180 percent, making it the fastest-growing emerging market in the sector.

    Zhang Yijun, first vice chairman of the China Audio-video and Digital Publishing Association, said that China’s online literature has emerged as a new mass cultural art form and promoted the development of a diversified value system within the industry, and that its integration with micro-short dramas opened up new paths for the industry’s transformation in 2024.

    Apart from online art and literature creations, the report also highlighted China’s remarkable progress in generative artificial intelligence (AI) development. It noted that in the first half of 2025, generative AI products saw development on all fronts, from technology to application.

    As of March 2025, a total of 346 generative AI services were registered at the Cyberspace Administration of China, the report said.

    In terms of application, domestic Chinese AI products have achieved significant breakthroughs, reaching parameter scales in the hundreds of billions and achieving multi-modal capabilities. They have been deeply integrated into scenarios such as office collaboration, education, industrial design and content creation, forming an intelligent application ecosystem covering multiple fields. 

    MIL OSI China News –

  • MIL-OSI: PBK Miner launches the first XRP cloud mining platform, leading the Ripple cloud mining revolution, using XRP to earn daily passive income

    Source: GlobeNewswire (MIL-OSI)

    London, United Kingdom , July 21, 2025 (GLOBE NEWSWIRE) — A new US stablecoin bill passed in July 2025 is further improving regulatory clarity and opening the door to institutional adoption. Ripple’s USD-backed stablecoin, RLUSD, is fully collateralized by cash and US Treasuries and issued on the XRP Ledger.
    For investors who hold a large amount of XRP, PBKMiner provides a safe, compliant and scalable way to convert their assets into a high-yield passive income source. Users do not need to sell their positions or bear the risk of currency price fluctuations. They only need to top up and purchase computing power contracts to automatically obtain stable income every day. How to make money through cloud mining? Traditional cryptocurrency mining requires high hardware investment, complex technical configuration and continuous electricity consumption, but now, cloud mining has completely changed all this. Users can easily participate in mining by simply renting remote computing power through an online platform.

    Against the backdrop of the continued rise in the global cryptocurrency market, PBKMiner officially launched the XRP mining new user incentive plan, with “zero threshold, high returns” as the core, to help new and old users easily participate in digital currency mining. The platform quickly became the focus of the industry with its innovative reward mechanism, flexible contract selection, and transparent profit model.
    XRP Cloud Mining Now Available—Easy, Smart, and Profitable
    XRP has long been recognized for its role in cross-border payments and institutional financing, and now PBKMiner’s latest innovation – user-friendly cloud mining, takes XRP to the next level.
    Users can mine XRP directly or take advantage of PBKMiner’s intelligent AI engine, which automatically transfers mining power to the highest-yielding assets, including BTC, ETH, DOGE, USDC, and more. Earnings will be paid daily in the cryptocurrency of your choice, providing a reliable source of income regardless of market fluctuations.
    Whether you are a novice or an experienced investor, the PBKMiner platform allows you to earn continuous cryptocurrency income anytime, anywhere.
    Why does PBKMiner’s XRP mining stand out?
    – Available to Everyone: No technical skills, no hardware, no complications — just click to earn.
    – XRP Native: Handle XRP from deposits to withdrawals in one ecosystem.
    – Smart, Stable Returns: AI Mining Strategies Deliver Stable Yields Across Assets.
    – Built-in Flexibility: Choose to mine XRP or diversify into other top cryptocurrencies — all from one contract.
    – Global Instant Access: Start mining securely from anywhere in the world via your browser or app.
    Start earning income in just three easy steps:
    1. Sign up – Create an account and get a $10 welcome bonus.
    2. Choose a plan – Choose a short-term or long-term contract (1-55 days available).
    3. Start earning – Track your daily rewards and withdraw them in your preferred token.

    Main features of PBKMiner’s XRP cloud mining contract
    – Full XRP Ecosystem Integration: Deposit, mine, and withdraw XRP seamlessly on the platform.
    – Multi-currency mining support: Earn XRP, BTC, ETH, DOGE, USDC, USDT, SOL, LTC, BCH, and more.
    – AI Revenue Optimization: Proprietary algorithms optimize mining allocations for peak profitability.
    – 100% Remote Access: No hardware required – fully accessible via the PBKMiner app or browser.
    – Capital Protection: All contracts return full principal at expiration, minimizing risk while maximizing potential.
    Flexible mining contracts to meet various budget needs
    PBKMiner offers a variety of XRP-based cloud mining contracts designed for flexibility, predictable income, and effective risk management:
    $10 contract – 1 day – earn $0.6
    $100 contract – 2 days – earn $3.5 per day
    $500 contract – 5 days – earn $6.5 per day
    $5,000 contract – 30 days – earn $77.50 per day
    $30,000 contract – 50 days – earn $525.00 per day
    Whether you are investing for the first time or building a long-term portfolio, PBKMiner offers transparent, low-risk contracts that bring a steady daily XRP income.
    Click here to explore all XRP contracts.
    About PBKMiner
    Founded in 2019, PBKMiner represents a new generation of AI-driven cloud mining technology, with data, performance, and trust as pillars. The platform supports cloud mining of XRP, BTC, ETH, LTC, DOGE, and SOL. It has helped millions of users around the world earn passive crypto income through secure, AI-driven cloud mining. With the launch of XRP mining, the platform now combines retail-level accessibility with institutional-grade technology. Users can choose to mine XRP directly, or invest in the best performing digital assets – all in a secure, fully remote environment.
    A PBKMiner spokesperson said:
    “XRP has always been fast, efficient and scalable. Now, it can also be mined securely, remotely and profitably. We have removed all barriers so that anyone can participate in the future of XRP.”
    The market may rise and fall, but your mining income can remain stable. Especially suitable for investors who seek sustainable long-term returns rather than speculative gains.
    For full details and participation options please visit: https://pbkminer.com
    Disclaimer: The information provided in this press release does not constitute an investment solicitation, nor does it constitute investment advice, financial advice, or a trading recommendation. Cryptocurrency mining and staking involve risks and may result in the loss of funds. It is strongly recommended that you perform due diligence before investing or trading in cryptocurrencies and securities, including consulting a professional financial advisor.

    The MIL Network –

  • MIL-OSI: XRP breaks through resistance and price surges 90%, PBK Miner launches revolutionary XRP cloud mining, igniting the XRP market

    Source: GlobeNewswire (MIL-OSI)

    Los Angeles, California, July 21, 2025 (GLOBE NEWSWIRE) — XRP has had a great week, hitting an eye-popping $3.66 on Friday, a massive 90% increase from April levels. Now just a stone’s throw away from XRP’s legendary peak of $3.84 during the 2018 bull run, as enthusiasm in the cryptocurrency market soars, PBKMiner has officially launched a groundbreaking innovation: Ripple’s XRP cloud mining contract – no hardware required, daily rewards, and fully remote access for users around the world.
    The upward trend continues as global financial institutions increasingly adopt Ripple’s liquidity framework. As tokenized assets and stablecoins gradually become mainstream, XRP is more than just a cryptocurrency, it is gradually becoming the backbone of Ripple’s plan to unlock more than $100 trillion in global liquidity. As a neutral digital bridge asset, XRP enables fast settlement between different currencies, assets and networks.

    “The current XRP ecosystem has entered the fast lane. PBKMiner’s goal is to help users seize this growth opportunity. Without hardware and maintenance, users can easily participate in mining and obtain daily income.” PBKMiner’s operations director said, “We see that short- and medium-term contracts are particularly popular among young users and novice investors because they have a low entry barrier, short cycle and fast returns.”
    XRP Cloud Mining Now Available—Easy, Smart, and Profitable
    XRP has long been recognized for its role in cross-border payments and institutional financing, and now PBKMiner’s latest innovation – user-friendly cloud mining, takes XRP to the next level.
    Users can mine XRP directly or take advantage of PBKMiner’s intelligent AI engine, which automatically transfers mining power to the highest-yielding assets, including BTC, ETH, DOGE, USDC, and more. Earnings will be paid daily in the cryptocurrency of your choice, providing a reliable source of income regardless of market fluctuations.
    Whether you are a novice or an experienced investor, with the PBKMiner AI cloud mining platform, you don’t need to buy mining machines or professional skills, and everyone can easily participate in mining. In just three steps, you can start your journey of passive income from digital assets.
    Start earning income in just three easy steps:

    1. Register – Create an account and receive a $10 welcome bonus.
    2.  Choose a plan – Select a short-term or long-term contract (1-55 days available).
    3. Start earning – Track your daily rewards and withdraw them in your preferred token.

    Why is PBKMiner’s XRP mining so unique and leading?
    ◆ XRP Integration: Activate mining contracts instantly with XRP.
    ◆ Available to everyone: No technical skills, no hardware, no complex operations – just click to make money.
    ◆ AI Intelligent Optimization: Artificial Intelligence mining strategies can bring stable returns in a variety of assets.
    ◆ Built-in flexibility: Choose to mine XRP or diversify to other top cryptocurrencies – all with just one contract.
    ◆ Global instant access: Start mining securely from anywhere in the world through a browser or app.
    ◆ Environmentally compliant operations: Mining operations use green energy and fully comply with UK and global standards

    Mining contract solutions to suit every budget and strategy:
    PBKMiner offers a variety of XRP-based cloud mining contracts designed for flexibility, predictable income, and effective risk management:
    $10 contract – 1 day – earn $0.6
    $100 contract – 2 days – earn $3.5 per day
    $500 contract – 5 days – earn $6.5 per day
    $5,000 contract – 30 days – earn $77.50 per day
    $30,000 contract – 50 days – earn $525.00 per day
    Whether you are investing for the first time or building a long-term portfolio, PBKMiner offers transparent, low-risk contracts that bring a steady daily XRP income.
    These data are not predictions, but real experiences of millions of users, thanks to PBKMiner’s profit optimization based on artificial intelligence and result-centric mining model.
    Click here to explore all mining contracts.
    Key features of PBKMiner’s XRP cloud mining contract:
    1. Focus on XRP ecosystem integration: Take advantage of XRP’s fast settlement speed to seamlessly deposit, mine and withdraw XRP on the platform.
    2. Multi-currency mining support: Support earning XRP, BTC, ETH, DOGE, USDC, USDT, SOL, LTC and BCH, etc.
    3. AI-driven income optimization: Advanced proprietary algorithms optimize mining allocation to achieve maximum profitability and reduce costs.
    4. No hardware required: 100 remote access, cloud-based operations are fully accessible through the PBKMiner application or browser.
    5. Fund security protection: Daily automatic settlement, clear and traceable returns, all contracts return the full principal at maturity, minimize risks, and fully protect user assets.
    6. Technology and service: An experienced team of experts and customer service staff are at your service 24/7.

    About PBKMiner

    As a leading digital asset management platform, since its establishment in 2019, PBKMiner has expanded its cloud mining business for XRP, BTC, ETH, LTC, DOGE and SOL in 183+ countries and regions, serving millions of active users around the world. Relying on a strong technical background and stable mining infrastructure, it makes cryptocurrency mining smarter, simpler and more inclusive, eliminating the technical barriers of traditional mining, and providing a transparent and low-risk stable mining income, especially for investors who seek sustainable long-term returns rather than speculative gains.
    For full details and participation options, please visit: https://pbkminer.com
    Disclaimer: The information provided in this press release does not constitute an investment solicitation, nor does it constitute investment advice, financial advice, or a trading recommendation. Cryptocurrency mining and staking involve risks and may result in the loss of funds. It is strongly recommended that you perform due diligence before investing or trading in cryptocurrencies and securities, including consulting a professional financial advisor.

    The MIL Network –

  • MIL-OSI: XRP surges 100% to $3.66, PBKMiner launches free XRP mining contracts to attract a large number of XRP holders

    Source: GlobeNewswire (MIL-OSI)

    Washington, D.C, July 21, 2025 (GLOBE NEWSWIRE) — Driven by US cryptocurrency legislation, Ripple XRP surged to $3.65, a record high. PBKMiner provides an AI-driven approach: XRP dedicated cloud mining contracts, allowing users to use Ripple (XRP) to immediately start Bitcoin cloud mining to achieve daily XRP and BTC daily income.
    Ripple’s native token, XRP, hit a new all-time high of $3.65, reaching a major milestone. The surge came after the U.S. House of Representatives passed two important cryptocurrency-focused legislative bills, the GENIUS Act and the CLARITY Act. The GENIUS Act represents the framework to establish the first federally regulated stablecoin system, and Ripple’s RLUSD is expected to serve as its underlying asset.

    As the global cryptocurrency market expands, UK-based cloud mining platform PBKMiner has released a new XRP mining contract, redefining the way users can participate in cryptocurrency mining. The application brings a seamless experience to users who want to earn passive income through Ripple (XRP), Bitcoin, Dogecoin, Litecoin and other mainstream digital assets, without the need to own hardware or technical expertise.
    XRP Cloud Mining Now Available—Easy, Smart, and Profitable
    XRP has long been recognized for its role in cross-border payments and institutional financing, and now PBKMiner’s latest innovation – user-friendly cloud mining, takes XRP to the next level.
    Users can mine XRP directly or take advantage of PBKMiner’s intelligent AI engine, which automatically transfers mining power to the highest-yielding assets, including BTC, ETH, DOGE, USDC, and more. Earnings will be paid daily in the cryptocurrency of your choice, providing a reliable source of income regardless of market fluctuations.
    Whether you are a novice or an experienced investor, with the PBKMiner AI cloud mining platform, you don’t need to buy mining machines or professional skills, and everyone can easily participate in mining. In just three steps, you can start your journey of passive income from digital assets.
    Start earning income in just three easy steps:
    1. Sign up – Create an account and get a $10 welcome bonus.
    2. Choose a plan – Choose a short-term or long-term contract (1-55 days available).
    3. Start earning – Track your daily rewards and withdraw them in your preferred token.
    Why is PBKMiner’s XRP mining so unique and leading?
    ◆ XRP Integration: Activate mining contracts instantly with XRP.
    ◆ Available to everyone: No technical skills, no hardware, no complex operations – just click to make money.
    ◆ AI Intelligent Optimization: Artificial Intelligence mining strategies can bring stable returns in a variety of assets.
    ◆ Built-in flexibility: Choose to mine XRP or diversify to other top cryptocurrencies – all with just one contract.
    ◆ Global instant access: Start mining securely from anywhere in the world through a browser or app.
    ◆ Environmentally compliant operations: Mining operations use green energy and fully comply with UK and global standards

    Mining contract solutions to suit every budget and strategy:
    PBKMiner offers a variety of XRP-based cloud mining contracts designed for flexibility, predictable income, and effective risk management:
    $10 contract – 1 day – earn $0.6
    $100 contract – 2 days – earn $3.5 per day
    $500 contract – 5 days – earn $6.5 per day
    $5,000 contract – 30 days – earn $77.50 per day
    $30,000 contract – 50 days – earn $525.00 per day
    Whether you are investing for the first time or building a long-term portfolio, PBKMiner offers transparent, low-risk contracts that bring a steady daily XRP income.
    These data are not predictions, but real experiences of millions of users, thanks to PBKMiner’s profit optimization based on artificial intelligence and result-centric mining model.
    Click here to explore all mining contracts.
    Key features of PBKMiner’s XRP cloud mining contract:
    1. Focus on XRP ecosystem integration: Take advantage of XRP’s fast settlement speed to seamlessly deposit, mine and withdraw XRP on the platform.
    2. Multi-currency mining support: Support earning XRP, BTC, ETH, DOGE, USDC, USDT, SOL, LTC and BCH, etc.
    3. AI-driven income optimization: Advanced proprietary algorithms optimize mining allocation to achieve maximum profitability and reduce costs.
    4. No hardware required: 100 remote access, cloud-based operations are fully accessible through the PBKMiner application or browser.
    5. Fund security protection: Daily automatic settlement, clear and traceable returns, all contracts return the full principal at maturity, minimize risks, and fully protect user assets.
    6. Technology and service: An experienced team of experts and customer service staff are at your service 24/7.
    About PBKMiner
    As a leading digital asset management platform, since its establishment in 2019, PBKMiner has expanded its cloud mining business for XRP, BTC, ETH, LTC, DOGE and SOL in 183+ countries and regions, serving millions of active users around the world. Relying on a strong technical background and stable mining infrastructure, it makes cryptocurrency mining smarter, simpler and more inclusive, eliminating the technical barriers of traditional mining, and providing a transparent and low-risk stable mining income, especially for investors who seek sustainable long-term returns rather than speculative gains.
    For full details and participation options, please visit: https://pbkminer.com
    Disclaimer: The information provided in this press release does not constitute an investment solicitation, nor does it constitute investment advice, financial advice, or a trading recommendation. Cryptocurrency mining and staking involve risks and may result in the loss of funds. It is strongly recommended that you perform due diligence before investing or trading in cryptocurrencies and securities, including consulting a professional financial advisor.

    The MIL Network –