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Category: Asia Pacific

  • MIL-OSI United Kingdom: Manchester Guest City programme announced for iconic Barcelona La Mercè 2025 festival

    Source: City of Manchester

    The programme has been announced for Manchester’s role as Guest City at this year’s iconic La Mercè festival in Barcelona – which each year attracts hundreds of thousands of visitors into the city for a 6-day cultural festival that sets the very highest of bars for festivals everywhere, showcasing the very best of traditional Catalan culture, outdoor arts, and music.

    Manchester was chosen last year by its Catalan counterparts to be the first-ever English guest city at this year’s event which takes place from 23 – 28 September.

    A Memorandum of Understanding signed between Manchester and Barcelona last year, noted that the two cities share both a very similar industrial past with histories that are linked to workers’ movements, as well as a present and future with great cultural wealth linked to the creative industries. 

    The Memorandum kicked off a cultural collaboration between the two cities, providing a working framework for artists, organisations, and other partners, focusing initially on music and street arts events for this year’s La Mercè festival.

    Since then the two cities have been working closely to put together a spectacular programme of Mancunian grown talent in outdoor arts and music for audiences in Barcelona to enjoy.

    Councillor Garry Bridges, Deputy Leader, Manchester City Council, said:  “Guest City status for Manchester at this year’s La Mercè festival is a huge honour for us and we’re enormously grateful to our partners, colleagues and friends in Barcelona for the opportunity to collaborate and play a part in their iconic festival.

    “Culture and diversity are big deals for us in Manchester and play a vital part in helping strengthen and shape our communities, pride and prosperity. Thanks to our wonderfully diverse artists, venues, festivals, and creative workforce, culture has had a transformative effect on our city.

    “The Manchester programme for La Mercè showcases the very best of our fantastically diverse cultural scene and our hugely talented artists and creators.

    “We hope it gives a flavour of the vibrant and thriving cultural scene we have here in Manchester and look forward to further strengthening our ties with the great city of Barcelona and welcoming new visitors and audiences to our city off the back of this.”

    The resulting programme is a celebration of fantastic outdoor work created by Manchester artists and organisations. 

    Highlights in the special cultural exchange include two unique new commissions from Manchester-based creators working with Barcelona-based performers, alongside new work created to celebrate Manchester and its people at La Mercè.

    The programme for Manchester as Guest City has been led by XTRAX and Without Walls. It showcases the diverse cultural communities of Manchester and the rich diversity of the UK outdoor arts scene – including parades, dance, music, poetry, fire and installations.

    Maggie Clarke, Director at XTRAX, said: “I’m delighted that Manchester will be Guest City at La Mercè 2025, which is the result of many years of collaboration between XTRAX and colleagues in Barcelona City Council and the Catalan arts scene. La Mercè is recognised as one of the greatest festivals of outdoor arts in the world, and it is an honour to present some of the fantastic work from Manchester at this prestigious event.

    “XTRAX firmly believes in the importance of outdoor festivals, and their valuable role in bringing people and communities together. Our programme at La Mercè celebrates the diversity and quality of work from our region and we hope will inspire other global cities to seek collaborations with Manchester and the great artists from our city.

    “I’m thrilled to have secured a great opportunity for UK artists in Barcelona and we look forward to continuing this exchange by hosting Barcelona artists in Manchester in 2026, and ongoing collaboration in years to come.”

    Manchester at La Mercè has been produced by XTRAX, and co-curated by Without Walls.

    Ralph Kennedy, Chief Executive at Without Walls, said: “We’re honoured to have collaborated with XTRAX as a strategic partner for Mercè Arts de Carrer (MAC), the La Mercè outdoor programme.  Without Walls has been proudly based in Manchester since its founding, and we’re absolutely thrilled to be part of this exciting city to city partnership.

    “Manchester is a vibrant hub for some of the best outdoor art being created in the UK today.  The programme of shows curated by XTRAX and Without Walls for Barcelona, in partnership with the artistic director of MAC, stands as a testament to the city’s incredible creative energy.”

    The Manchester at La Mercè programme features several major collaboration projects between Manchester and Barcelona artists, as well as new work created especially for this unique event.

    Here are some of the highlights:

    Bee for Barcelona

    Carnival arts specialists Global Grooves (Manchester) team up with renowned Catalan artists Pau Reig and Dolors Sans (Barcelona) to create Bee for Barcelona – a striking new collaboration to create two Giant Bees, celebrating shared industrial heritage, cultural pride, and artistic exchange. These Giants will perform in front of thousands of people as part of La Mercè world famous Parades of Giants and Beasts.

    Queen Bee Gigante, wears a costume reflecting Greater Manchester’s communities and cotton legacy. She transforms into a maypole, surrounded by 30 community dancers and musicians in a fusion of Morris and Classical Indian dance—re-imagining May Day and Carnival traditions.

    Alongside her, Worker Bee, a 4-metre kinetic sculpture, shimmers with hand-painted silks encased in fibreglass, evoking stained glass. Copper legs and cog motifs nod to the textile mills and industrial histories of Manchester and Barcelona and the birth of the Industrial Revolution.

    Blending Mancunian, Catalan, Pan-African, and South Asian influences, the project features 30 diverse performers from groups including Saddleworth Women’s Morris and Clog, and The Indian Association Oldham’s Dancing Diyas.

    Leon Patel, CEO, Carnival arts organisation Global Grooves, said: “Queen Bee and Worker Bee tell a powerful story of how they earned their stripes.

    “Queen Bee represents the evolution of that labour into opportunity, progress, culture, and celebration.  She is not born of royal blood, but is Queen for a day, like the Cotton Queens of Greater Manchester’s mill towns, the Carnival Queens of the Afro-Brazilian tradition, and the flower-crowned May Queen.  Work Bee honours the sweat and toil of workers wo build Manchester’s global industrial might.

    “Both bees will be animated in parades and performances at La Mercè accompanied by an original musical score blending Mancunian, Catalan, Pan-African, and South Asian sounds.”

    Both bees will be brought to life in parades and performances with an original multicultural musical score.

    Global Grooves producers visited Barcelona in March 2025, with Pau Reig and Dolors Sans joining a Manchester residency from 21–27 July 2025.

    Bee for Barcelona is commissioned by XTRAX for MCRxLaMerce2025. Supported by Manchester City Council, Arts Council England and XTRAX. Funded by Greater Manchester Combined Authority (GMCA), GM Arts, Oldham Council, and Tameside Metropolitan Borough Council.

    Following its premiere at La Mercè 2025, Queen Bee Gigante and Worker Bee will return for Manchester Day in July 2026.
                                                                                                       

     

    The Ultimate Player’s Handbook

    Manchester’s leading contemporary dance company Company Chameleon has been commissioned to create a new dance performance, The Ultimate Player’s Handbook, for La Mercè with Barcelona dance duo Clémentine & Lisard

    In the heart of a town’s square, a living handbook unfolds — one written not on paper, but in movement, strategy, and play.

    The Ultimate Player’s Handbook is a vibrant street performance that explores the games we play every day – where rules are made and broken, roles shift between winner and loser, and cooperation is as vital as competition.

    Co-directed by Company Chameleon (UK) and Clémentine & Lisard (CAT), the piece transforms public space into a playground where teams form, alliances shift, and every move asks us to reflect on the parts we play.

    With music, dance, and celebration, this handbook in motion invites us to question: how do we navigate rules – and how do we bring a sense of playfulness in our everyday lives?

    Barcelona-based Clémentine & Lisard have spent the last two weeks in Manchester (14-25 July) to create this new choreographed performance with two of Company Chameleon’s dancers and Artistic Director Kevin Turner, MBE, at Company Chameleon’s studios in Gorton.

    Kevin Turner, MBE, Artistic Director of Company Chameleon said: “International collaboration has always been at the heart of Chameleon’s work, and we’re delighted to be working with Clémentine & Lisard. The commission allows us to work with a really exciting and innovative Barcelona based dance company and create something new and interesting.  The collaboration gives us the chance to learn from each other, explore commonalities in our practice, and share and benefit from each other’s touring networks.”

    Blending the athletic and emotionally rich movement styles of both groups, the work will debut at La Mercè in Barcelona on 24, 27, and 28 September 2025 and return for Manchester Day 2026.

    The Ultimate Players’ Handbook is commissioned by XTRAX and the Institut de Cultura de Barcelona and funded by Arts Council England and Manchester City Council.

    Barcelona Bee Hive

    Another World Premiere, Barcelona Bee Hive will also be created especially for Manchester at La Mercè.

    Artizani is a UK-based arts company specialising in spectacular theatre performed in unconventional spaces. One of Europe’s most stylish and striking street theatre acts, their work is accessible and thought-provoking, featuring high production values and a surreal twist.

    The bee is the symbol of Manchester – historically representing its hard-working, unified community, and more recently serving as a powerful emblem of unity and resilience.

    Audiences are invited to wander among the honey-perfumed colony, tended by ethereal beekeepers, and peer into surreal miniature worlds of ‘working’ wonder.  In a specially commissioned new bee hive, created to celebrate Manchester at La Mercè, visitors can see Mancunian bees enjoying scenes from traditional Catalan festivities.

    Barcelona Bee Hive is commissioned by XTRAX and funded by Arts Council England and Manchester City Council. 

    OUR CITY SPEAKS – poetry films from Manchester                                                                                    

    Another unique project developed especially for Manchester’s programme at La Mercè that celebrates Manchester’s wealth of poets and spoken word artists working in a wide range of diverse styles and languages.

    A captivating curated selection of short films featuring some of the city’s current leading poetry performers will take viewers on a journey through poetry that talks about identity, unity, resistance, and resilience.

    Jo Flynn, Director of External Affairs, Manchester City of Literature said: “Barcelona and Manchester already share cultural ties as sister UNESCO Cities of Literature, and in many ways their dynamic cultural identity and literary boldness align too. We’re thrilled at Manchester City of Literature to be part of La Mercè programme celebrating this partnership with Manchester poetry films on stage for the festival in September. We can’t wait to see where the partnership between the cities will take us next, across all artforms.”

    Manchester UNESCO City of Literature has curated this collection to share with Catalan audiences in Manchester’s sister UNESCO City of Literature during La Mercè.

    The project builds on Manchester City of Literature’s strong relationship with Barcelona City of Literature which has seen a number of artistic exchanges. The partnership between the two UNESCO Cities of Literature has seen Manchester novelists, poets and performers featured at Barcelona Literary festivals throughout 2025, in celebration of La Mercè. Barcelona poets will be commissioned to help translate the work of the Manchester poets into Catalan, so the works can be understood by local audiences and a number of Catalan poets will be invited to share work about Barcelona in Manchester in 2026.

    The project has been commissioned by XTRAX, funded by Manchester City Council and Arts Council England, and is delivered in partnership with Manchester City of Literature and Barcelona City of Literature.

    Fire Garden by Walk The Plank

    Walk the Plank, one of the UK’s leading outdoor arts specialists, will bring their acclaimed Fire Garden installation to Trinitat Park for La Mercè 2025. Known for creating ambitious public celebrations and immersive outdoor spectacles for over thirty years, the company will transform the park into a glowing landscape of metal, fire and music created by local musicians in Barcelona.

    Liz Pugh, Creative Producer for the Fire Garden, said: “We’re delighted to be bringing some Mancunian magic to La Mercè, and particularly excited to see how our installation of kinetic fire sculptures animate Parc de la Trinitat in a new and different way.  To be invited to bring UK work to the heart of the Catalan cultural festival is an honour indeed.”

    Walk the Plank will be working with students recruited from local colleges, offering the opportunity for young people from Barcelona and elsewhere to work alongside the company’s professional fire technicians.

    Liz added: “Investing in the talent of the next generation is important to us, and we seek to provide opportunities for young people to gain experience. The chance to work alongside international artists is valuable for young people: they can gain new skills and expand their ideas of what is possible through culture. We look forward to welcoming some of the Catalan artists, the musicians and the students to Manchester next year too – let’s find a way to repay the warm invitation which the city of Barcelona and MAC festival are offering to us.”

     

    Other dynamic performances from Manchester outdoor arts companies featuring at La Mercè festival in Barcelona in September 2025 will include: Company Chameleon – Umbra; DamaeDance – IRMÃ-sister; Ghetto Fabulous – Family Catwalk Extravaganza; Joseph Toonga, Just Us Dance Theatre – Born to Protest; Mark Anderson in collaboration with Liam Walsh – Warning Notes; Motionhouse – WILD; Mr Wilson’s Second Liners; Stopgap Dance Company – RO-TES រទេះ

     

    Music programme

    The Manchester Guest City music programme at La Mercè is presented by Manchester Music City, led by Brighter Sound.

    Kate Lowes, Director, Brighter Sound (sector lead Manchester Music City) said: “We’re thrilled to announce such an exciting group of artists representing Manchester at La Mercè 2025 – Children of Zeus, Chloe Slater, Clara la San, Porij, Ríoghnach Connolly and Honeyfeet, and Space Afrika – a powerful showcase of the city’s rich and genre-defying music scene. We’re also proud to be supporting a brand-new musical collaboration between Manchester’s Werkha and Catalan artist Queralt Lahoz, which will premiere at the festival. As a member of the Music Cities Network, Manchester is proudly international in its musical outlook. This is a fantastic opportunity to deepen creative exchange between Manchester and Barcelona, and to celebrate our shared love of music on an international stage.”

    International Speakers Panel Discussions and Professional Networking Events                               

    Alongside the outdoor performance programme at La Mercè there will also be a number of panel discussions and networking events exploring the importance of outdoor festivals in giving visibility to cultural communities and bringing people together.

    These discussions will include international speakers and policy makers and will be attended by festival organisers, local authorities, artists and producers from across Europe. These events are a prelude to Mondiacult, the world’s biggest cultural policy conference for the member states of UNESCO taking place in Barcelona from 29 September – 1 October 2025.

    This programme has been organised by XTRAX, Without Walls, La Mercè, ICEC Catalan Arts and Unlimited, with support from British Council and the British Embassy in Spain.

     

    The Manchester guest city programme at La Mercè  is being supported by Arts Council England through a grant to producers XTRAX.

    Jen Cleary, Director North West, Arts Council England said: “We’re proud to be supporting Manchester’s Guest City programme at La Mercè in Barcelona this September. Not only will it create opportunities for talented Mancunian artists to showcase their work on an international stage, but it is a shining example of how arts and culture can support greater connections and dialogue between cities and communities across the world. La Mercè is a major event in the European outdoor arts calendar and we can’t wait to see Manchester take pride of place as the Festival’s Guest City.” 

    Find out full details about the Manchester programme at La Mercè  

    MIL OSI United Kingdom –

    July 25, 2025

  • MIL-OSI United Nations: Global collaboration grows to address crises in Gaza, Sudan, Afghanistan

    Source: United Nations 2

    Briefing the Security Council on Thursday, Khaled Khiari, Assistant Secretary-General for the Middle East, said the OIC remains an “indispensable” partner in efforts to promote peace, uphold international law and deliver durable political solutions in a range of crisis contexts.

    Headquartered in Jeddah, Saudi Arabia, the OIC has 57 member states and five observers, representing significant political, economic cultural and religious constituency.

    “Its voice carries considerable weight in some of the world’s conflict-affected situations,” Mr. Khiari said.

    “The UN values this partnership, not only as a matter of institutional cooperation, but as an essential component of our efforts to promote durable peace, inclusive governance and respect for international and human rights law.”

    He emphasized that the cooperation aligns with Chapter VIII of the UN Charter, which encourages partnerships with regional organizations in maintaining peace and security, and with the Pact for the Future – adopted by Member States last September to revitalize multilateralism and tackle global challenges through collective action.

    Helping resolve crises

    Mr. Khiari outlined joint UN-OIC work in Gaza, including the recent endorsement by the bloc and the League of Arab States of a recovery and reconstruction plan, as well as collaboration on the question of Jerusalem through an annual conference held in Dakar, Senegal.

    In Sudan, where over two years of war have brought devastating humanitarian consequences, he welcomed the OIC’s backing for international mediation, including support for the UN Secretary-General’s Personal Envoy, Ramtane Lamamra.

    Turning to Afghanistan, Mr. Khiari praised the OIC’s role in the UN-led “Doha Process,” noting its continued engagement with the Taliban de facto authorities and advocacy for the rights of Afghan women and girls – an area where the OIC’s moral and religious standing carries particular influence.

    On Myanmar, the OIC remains an essential voice in global efforts to ensure a safe, dignified and voluntary return of the Rohingya to Rakhine state. He noted sustained coordination between the UN Secretary-General’s Special Envoy and the OIC in pushing for accountability and citizenship rights.

    UN Photo/Manuel Elías

    A wideview of the Security Council as ASG Khaled Khiari briefs members about cooperation between the UN and the Organisation of Islamic Cooperation.

    Cooperation on global issues

    Assistant Secretary-General Khiari also highlighted the growing collaboration between the two organizations on elections, including training on observation and women’s political participation. A new staff exchange programme is also helping to strengthen institutional ties.

    He acknowledged the OIC’s leadership in countering Islamophobia and all forms of religious intolerance, an area where the UN has stepped up efforts, including through the appointment of a Special Envoy.

    Counter-terrorism cooperation has also advanced, following a March 2024 memorandum of understanding. Joint initiatives include technical support, parliamentary engagement, and rights-based prevention strategies.

    “As we move forward with the implementation of the Pact for the Future,” Mr. Khiari concluded, “the UN-OIC partnership will remain critical to defusing tensions, advancing sustainable peace, and reinforcing multilateral norms and principles.”

    MIL OSI United Nations News –

    July 25, 2025

  • MIL-OSI: Mark Cuban Foundation Launches 2025 AI Bootcamps

    Source: GlobeNewswire (MIL-OSI)

    DALLAS, July 24, 2025 (GLOBE NEWSWIRE) — The Mark Cuban Foundation today announced significant updates and a nationwide expansion of its free AI Bootcamps, designed to bring advanced artificial intelligence education to underserved high school students and educators. The program will operate in 29 cities across the U.S. this fall, reinforcing the foundation’s commitment to closing the digital divide and nurturing future innovators.

    Applications are now open for high school students (grades 9–12) and educators interested in the Teacher Bootcamp, a year-long, free professional development initiative. The AI Bootcamps are open to all high school students, and prioritize accepting girls, students of color, first-generation college-goers, and students from low-income backgrounds. Applications will be accepted through September 30, 2025.

    “As AI becomes an integral part of daily life, it’s essential that all young people have access to this powerful technology,” said Mark Cuban, Founder of the Mark Cuban Foundation. “Our goal is to ensure that every interested student, regardless of background or resources, can explore AI and its limitless possibilities.”

    The updated curriculum includes hands-on experience with generative AI tools, modules on ethical AI, and specialized tracks covering healthcare, arts and entertainment, business and entrepreneurship, computer science, sports science, and future readiness. Participants will complete capstone projects under mentorship from industry professionals. Additionally, each location will now have a dedicated Teacher Fellow to further enhance educational outcomes and community involvement. Applications for the Teacher Fellowship program open in January.

    All student bootcamps will take place over three Saturdays (November 1, 8, and 15, 2025, from 11 a.m. to 4 p.m.), with meals, transportation assistance, and technology provided at no cost.

    Charlotte Dungan, Chief Learning Officer at the Mark Cuban Foundation, emphasized, “By equipping underserved students and educators with practical AI skills and ethical insights, we’re actively working toward equity in education and preparing young people for the future.”

    Confirmed 2025 Bootcamp Locations:

    • Arizona: Tempe
    • California: Mountain View
    • Colorado: Denver
    • Connecticut: Hartford
    • Florida: Melbourne, Miami
    • Georgia: Atlanta
    • Illinois: Chicago
    • Indiana: Fort Wayne, Indianapolis
    • Iowa: Johnston (Des Moines area)
    • Kansas: Hutchinson
    • Michigan: Pontiac
    • Minnesota: Minneapolis
    • Missouri: St. Louis
    • Nebraska: Omaha
    • New York: New York City
    • North Carolina: Charlotte, Raleigh
    • Ohio: Cleveland
    • Pennsylvania: Philadelphia, Pittsburgh
    • Rhode Island: Providence
    • Texas: Houston, Richardson, San Antonio, Plano
    • Utah: Salt Lake City
    • Virginia: Richmond

    Key local partnerships include Girls Inc. in San Antonio, Miami Dade College in Florida, Electric Works in Fort Wayne, Indiana, and Perficient in St. Louis, Minneapolis, and Plano, TX.

    Since 2019, the Mark Cuban Foundation AI Bootcamp has successfully provided AI education to thousands of students in over 30 cities nationwide. The Teacher Fellowship, which began in March 2025 and runs through May 2026, supports 30 selected educators with stipends, mentorship, and national opportunities to showcase their achievements. Teacher Bootcamps have participants in 48 states and impact over 100,000 students.

    Interested students and educators can apply for bootcamps now at markcubanai.org. 

    Companies interested in hosting a future bootcamp can complete our interest form.

    Watch Mark Cuban’s message about Mark Cuban Foundation’s AI bootcamps and access the full media kit here.

    This bootcamp is facilitated with support from Mark Cuban Foundation AI Bootcamp Program’s media partner, Notified, a globally trusted technology partner for investor relations, public relations and marketing professionals.

    About Mark Cuban Foundation’s AI Bootcamp Initiative
    The Mark Cuban Foundation is a 501(c)(3) private non-profit led by entrepreneur and investor Mark Cuban. The AI Bootcamps Program at MCF seeks to inspire young people with emerging technology so that they can create more equitable futures for themselves and their communities. Over 3 consecutive Saturdays, underserved 9th – 12th grade students learn what AI is and isn’t, where they already interact with AI in their own lives, the ethical implications of AI systems, and much more. Learn more about the no-cost AI Bootcamp program at markcubanai.org.

    Media Contact:
    bishop.wash@markcubanai.com

    The MIL Network –

    July 25, 2025

  • MIL-OSI USA: Attorney General Bonta Challenges Trump Administration’s Withholding of AmeriCorps Funds

    Source: US State of California

    OAKLAND – California Attorney General Rob Bonta today, as part of a coalition of 23 attorneys general and two states, expanded its ongoing legal challenge of the Trump Administration’s attempt to gut AmeriCorps by adding the White House Office of Management and Budget (OMB) as a defendant for withholding tens of millions of dollars in funding for critical service programs. In June, Attorney General Bonta and the coalition secured a court order that reinstated hundreds of AmeriCorps programs that were unlawfully cancelled and barred AmeriCorps from making similar cuts without formal rulemaking. Despite this order, OMB is withholding vast sums intended for outstanding service programs, threatening their survival and the wellbeing of those who depend on their services. Because of the Trump Administration’s withholding of these critical resources, Attorney General Bonta and the coalition today filed an amended lawsuit that adds OMB as a defendant and brings new legal claims against the agency. 

    “AmeriCorps represents the best of who we are, what we can be, as a nation,” said Attorney General Bonta. “Last month, I secured a court order stopping the illegal dismantling of AmeriCorps – ensuring these selfless servicemembers can continue to serve our communities while litigation continues. But now, President Trump is trying a different, yet similarly, illegal tactic to withhold funding. We’re going back to court to block this latest maneuver – and we’ll keep fighting to ensure this invaluable program continues.”   

    AmeriCorps, an independent federal agency that engages Americans in meaningful community-based service, provides opportunities for more than 200,000 Americans to serve their communities every year. AmeriCorps supports national and state community service programs by funding and placing volunteers in local and national organizations that address critical community needs. Organizations rely on support from AmeriCorps to recruit, place, and supervise AmeriCorps members nationwide. 

    In 2024, more than 6,150 California members served at least 1,200 locations, including schools, food banks, homeless shelters, health clinics, youth centers, veterans’ facilities, and other nonprofit and faith-based organizations. AmeriCorps invested more than $133 million in federal funding to California that same year to support cost-effective community solutions, working with local partners on the ground to help communities tackle their toughest challenges. This includes programs like:

    • Prevent Child Abuse California, which hosts 65 AmeriCorps members who provide academic assistance, life skills, and financial literacy to hundreds of foster youths across 15 counties. 
    • Partnership for Veterans and People Experiencing Homeless, which hosts 25 AmeriCorps members that provide housing services, job placement, and case management to veterans and homeless individuals in Santa Barbara County.
    • Reading Partners California, which hosts 80 AmeriCorps members who recruit and manage approximately 1400 volunteers to provide one-on-one literacy tutoring to students at 58 low-income elementary schools.

    In the amended complaint, Attorney General Bonta and the coalition allege that OMB has unlawfully withheld from plaintiff states well over $38 million in support intended for specific AmeriCorps programs, across multiple funding streams. For example, OMB appears to have withheld tens of millions of dollars intended for AmeriCorps Senior Companion Programs and Foster Grandparent Programs in plaintiff states, programs that pair low-income seniors with children in need of mentorship and support or with other seniors in need of companionship and care. The Administration has also withheld approximately $5 million intended for plaintiff state service commissions, which was needed to provide training and technical assistance to service members across the country. And while AmeriCorps decided to fund numerous programs in plaintiff states with over $33 million in highly competitive grants for the next service year, OMB is preparing to withhold these funds from distribution as well.    

    The coalition establishes that the Trump Administration has acted unlawfully in its withholding of AmeriCorps funds, violating both the Administrative Procedure Act and the separation of powers under the U.S. Constitution. Congress created AmeriCorps and appropriated funding to support public service, and neither OMB nor AmeriCorps hold authority to defy Congress by refusing to distribute funds to worthy service programs.   

    In filing the amended complaint, Attorney General Bonta and the attorneys general of Maryland, Delaware, and Colorado lead the attorneys general of Arizona, Connecticut, Hawaii, Illinois, Maine, Massachusetts, Michigan, Minnesota, Nevada, New Jersey, New Mexico, New York, North Carolina, Oregon, Rhode Island, Vermont, Washington, Wisconsin, the District of Columbia, as well as the states of Kentucky and Pennsylvania. 

    A copy of the amended complaint is available here. 

    MIL OSI USA News –

    July 25, 2025

  • MIL-OSI New Zealand: Employment – MBIE facing legal action over attempt to curb flexible work including working from home arrangements – PSA

    Source: PSA

    The PSA has just filed legal action with the Employment Relations Authority over MBIE’s disregard of existing flexible work arrangements including working from home which are protected under the PSA’s collective agreement with the Government department. 
    The Ministry for Business, Innovation and Employment (MBIE) has recently introduced a new Flexible Work Policy to align with the Government’s directive to restrict flexible work arrangements for public service workers including reducing days working from home. This directive is also itself subject to legal action by the PSA.
    “Cracking down on flexible work is the wrong approach from employers in 2025,” said Fleur Fitzsimons, National Secretary for the Public Service Association Te Pūkenga Here Tikanga Mahi.
    “Working from home and flexible work are generally a win-win for employers and employees, that’s why we are asking MBIE to stick with current flexible work arrangements and look for more ways to enable flexibility which we know is particularly valuable for women, people with disabilities and everyone with caring responsibilities.
    “The PSA originally raised objections to MBIE’s flexible work guidance in June 2025 and then tried to resolve this dispute through mediation, but this failed. MBIE hasn’t been willing to backdown, leaving the PSA with no choice but to take this step to protect the rights of MBIE staff included in existing agreements.
    “The collective agreement binds MBIE to supporting flexible work, so its new policy is simply unlawful. We are seeking a determination from the ERA that MBIE is violating the ‘flexible by default’ approach which forms part of its collective agreement with members.
    “Employees at MBIE have a right to flexible work arrangements which suit their individual circumstances unless there is a good business reason not to. Now MBIE is saying working from home and other arrangements must be re-negotiated, their position is that all new arrangements are to be reviewed every six months with the aim of reducing the number of days worked from home.
    “MBIE wants to meet individually with employees to tell them they need to make a new flexible work request which will be considered under the more restrictive policy,” said Fitzsimons.
    “MBIE can’t just change existing agreements which are protected under the collective.
    “This is a backward step, going against all international evidence and tr

    MIL OSI New Zealand News –

    July 25, 2025

  • MIL-OSI Russia: Tajikistan and Mongolia Expand Cooperation

    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

    ALMATY, July 24 (Xinhua) — Tajik President Emomali Rahmon and Mongolian President Ukhnaagiin Khurelsukh signed a number of cooperation documents following talks in Dushanbe, the Asia-Plus news agency reported on Thursday.

    U. Khurelsukh arrived in Tajikistan on Wednesday on a state visit. As part of the visit, an economic forum of the two countries and a number of cultural events were organized.

    Following the talks, the leaders of the two countries signed a Joint Statement on the further development and strengthening of friendly relations and multifaceted cooperation, as well as 10 other cooperation agreements in areas such as water resources, security, innovation and humanitarian development.

    The Tajik side proposed to develop and adopt a cooperation program and a specialized roadmap for joint actions for the coming years, as well as to establish a Council of Entrepreneurs of Tajikistan and Mongolia. –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 –

    July 25, 2025

  • India-UK relations enter new era with landmark deals on trade, tech and security

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi held wide-ranging talks with UK Prime Minister Keir Starmer during his official visit to the United Kingdom from July 23-24. The meeting, held at the British Prime Minister’s country residence, Chequers in Buckinghamshire.

    The two leaders held a one-on-one meeting followed by delegation-level talks, covering the full spectrum of bilateral cooperation.

    During the talks, the two sides welcomed the signing of the historic India-UK Comprehensive Economic and Trade Agreement (CETA). The agreement is expected to boost trade, investment, economic collaboration, and job creation in both countries, taking the strategic partnership to a new level.

    In a key development, the two countries also agreed to negotiate a Double Contribution Convention, which will support professionals and service industries by reducing operational costs and promoting competitiveness. Prime Minister Modi also proposed deeper cooperation between India’s GIFT City-India’s first international financial services centre-and the UK’s financial ecosystem.

    The two leaders adopted the India-UK Vision 2035, a roadmap for the next decade that aims to enhance cooperation in the areas of economy, technology, innovation, research, education, defence, climate action, health, and people-to-people ties.

    The finalisation of a Defence Industrial Roadmap was also welcomed. It aims to promote joint design, development, and production of defence products for domestic use and global markets. Both leaders expressed satisfaction with the growing defence partnership and regular engagement between the armed forces.

    Underlining the importance of emerging technologies, the Prime Ministers agreed to accelerate the implementation of the Technology and Security Initiative (TSI). The TSI, which completed one year, focuses on areas such as telecom, critical minerals, AI, biotechnology, semiconductors, health technology, advanced materials, and quantum research.

    In the education sector, the leaders hailed the growing collaboration under India’s New Education Policy (NEP). Notably, Southampton University became the first foreign university to open a campus in India, in Gurugram, on June 16. Several other UK universities are expected to follow suit.

    The two Prime Ministers also acknowledged the significant contribution of the Indian diaspora in the UK across various fields, calling them a “living bridge” between the two countries.

    Prime Minister Modi thanked Prime Minister Starmer for his support and solidarity following the Pahalgam terror attack. Both leaders reiterated their commitment to combat terrorism and agreed to intensify bilateral cooperation to counter extremism and radicalisation. PM Modi also sought the UK’s assistance in bringing economic offenders and fugitives to justice.

    The leaders also exchanged views on key regional and global developments, including in the Indo-Pacific, West Asia, and the Russia-Ukraine conflict.

    Prime Minister Modi extended an invitation to Prime Minister Starmer to visit India at a mutually convenient time and thanked him for the warm hospitality.

    The following documents were signed/adopted by the two sides during the visit:

    ● Comprehensive Economic and Trade Agreement [CETA]

    ● India-UK Vision 2035

    ● Defence Industrial Roadmap

    ● Statement on Technology and Security Initiative

    ● MoU between Central Bureau of Investigation, India and National Crime Agency of UK

    July 25, 2025

  • MIL-OSI Submissions: The US has sanctioned UN special rapporteur Francesca Albanese – here’s why she’s the wrong target

    Source: The Conversation – UK – By Alvina Hoffmann, Lecturer in Diplomatic Studies, Department of Politics and International Studies, SOAS, University of London

    The United States has imposed sanctions against the UN’s special rapporteur in the Palestinian territories, Francesca Albanese. It’s an unprecedented situation. The US secretary of state, Marco Rubio, cited as the reason her direct engagement with the International Criminal Court “in efforts to investigate, arrest, detain, or prosecute nationals of the United States or Israel”.

    The statement also described Albanese’s “threatening letters to dozens of entities worldwide, including major American companies” as an escalation of her strategies. The sanctions were framed as preventing “illegitimate ICC overreach and abuse of power” and as part of Trump’s Executive Order 14203 on imposing sanctions on the ICC.

    This raises the question: who are special rapporteurs and why would Albanese’s performance of her role elicit such a strong reaction from the US? Special rapporteurs are independent human rights experts, part of the UN Human Rights Council’s special procedures system established in 1979. There are 46 “thematic mandates” on issues such as extrajudicial killings, enforced disappearances and the environment, and 14 “country mandates”, including in Palestine.

    Experts on human rights from academia, advocacy, law and other relevant professional fields are appointed to fulfil a variety of tasks. These include undertaking country visits, sending communications to states about individual cases of human rights violations, developing international human rights standards, engaging in advocacy and providing technical cooperation based on their legal and thematic expertise.

    In 1967, 22 years after it was set up, the United Nations established institutional provisions for independent experts on human rights. This happened first in 1967 when it appointed an ad hoc working group of experts on apartheid and racial discrimination in southern Africa. In 1968 the same group of experts was appointed to investigate “Israeli Practices Affecting the Human Rights of the Palestinian People and Other Arabs of the Occupied Territories”. This is still in place today.

    Neither South Africa nor Israel allowed experts to enter their territories to inspect their human rights record at the time. But in 2003, nearly a decade after it first held democratic elections, South Africa issued a standing invitation to all thematic special procedures, meaning they committed themselves, at least in theory, to always accept requests to visit from rapporteurs.

    Attacks on individual rapporteurs

    Albanese, a specialist in international human rights law, is the eighth rapporteur since the creation of her mandate in 1993. She was appointed to this pro bono position in 2022 for three years, and her mandate was recently renewed for another period of three years.

    It was her most recent report from June 30 which led to her being sanctioned by the US. The report focused on the role of the corporate sector in “colonial endeavours and associated genocides” and named over 60 companies as “complicit”.

    A host of institutions and leading human rights figures have come to her defence. Agnes Callamard, a former special rapporteur on extrajudicial killings, now the secretary general of Amnesty international noted the “chilling effects for all special rapporteurs” of the US decision. Top UN human rights officials denounced this dangerous precedent and called for its reversal.

    In February 2024, the government of Israel declared Albanese persona non grata in response to her remark that “the victims of the October 7 massacre were not murdered because of their Jewishness, but in response to Israeli oppression”. As with the newly imposed sanctions, she called this step a distraction and called upon the world to keep their focus on Gaza.

    Diplomatic immunity

    Special rapporteurs are granted diplomatic immunity which, in theory, should enable them to speak up or write critical reports without the fear of reprisals. But in 1989 and 1999 the ICJ had to intervene with an advisory opinion on two cases when this status was jeopardised after the home countries of two special rapporteurs tried to restrict their freedom of speech. This involved Romanian national Dumitru Mazilu, tasked with writing a report on “Human rights and youth”, and Malaysian national Dato’ Param Cumaraswamy, special rapporteur on the independence of judges and lawyers.

    Special rapporteurs wrote a collective letter denouncing the second case, when the Malaysian government filed several legal proceedings against Cumaraswamy. The body of experts called this “judicial harassment of a special rapporteur” and “a challenge to the status of the United Nations as a whole, its officials and its experts on mission”.

    Special rapporteurs occupy an ambiguous institutional position. They take their mandate from the Human Rights Council, but they act in their personal capacity, and hence are not considered to be UN officials. In practice, they need to balance relations carefully between the UN secretariat, civil society, state representatives and, at times, their own countries.

    The advisory opinions helped clarify that it was the secretary general, as the head of the United Nations, that entrusts them with the privileges of diplomatic immunity. The arrangement also leaves the door open for national courts to disagree with the secretary general. This enabled individual countries in some cases to exercise some form of control over their own nationals.

    The recent attack on Albanese adds to the broader budgetary crisis of the UN, as the Trump administration is withholding funds of about US$1.5 billion (£1.2 billion) in addition to other countries such as China, Russia and Saudi Arabia. These are serious challenges for the UN human rights and humanitarian aid programmes. As past cases of attacks against individual rapporteurs have shown, it is important for all rapporteurs to stand together as one body and defend the integrity of the system as a whole.

    Despite these attacks on her integrity and person, Albanese maintains faith in the human rights law instruments. As she stated during a public talk I attended at SOAS University of London in November 2024, we are yet to unlock the full potential of these instruments. This can only be done as a collective.

    Alvina Hoffmann has previously been funded by the Economic and Social Research Council (UKRI).

    – ref. The US has sanctioned UN special rapporteur Francesca Albanese – here’s why she’s the wrong target – https://theconversation.com/the-us-has-sanctioned-un-special-rapporteur-francesca-albanese-heres-why-shes-the-wrong-target-261788

    MIL OSI –

    July 25, 2025

  • MIL-OSI Analysis: Thailand and Cambodia’s escalating conflict has roots in century-old border dispute

    Source: The Conversation – UK – By Petra Alderman, Manager of the Saw Swee Hock Southeast Asia Centre, London School of Economics and Political Science

    There has been a dramatic escalation in a long-running border conflict between Thailand and Cambodia. On July 23, five Thai soldiers from a border patrol unit in Ubon Ratchathani province were seriously injured after stepping on a land mine – a second such incident in a week.

    This prompted the Thai government to expel Cambodia’s ambassador from the country and recall its own ambassador from Cambodia. The following morning, Cambodia retaliated by expelling the Thai ambassador and recalling its embassy staff from Bangkok. Both sides have exchanged increasingly lethal fire.

    Cambodia has fired rockets and artillery across the Thai border into several provinces, killing at least 11 civilians and one soldier. Thailand launched air strikes at Cambodia in return, reportedly targeting military bases in the disputed area around the Preah Vihear Hindu temple. Verified information is currently scarce as both sides are blaming each other for starting the fight.

    The current flare-up started in late May, when a Cambodian soldier was killed in a exchange of fire between the two armies. But the roots of the conflict date back to the colonial era in the 19th and early 20th centuries.

    Before European powers expanded their colonial interests to south-east Asia, the concept of a bordered nation-state was alien to local rulers. Life in pre-colonial south-east Asia was organised into loosely structured polities that had no clear boundaries.

    There were several larger cities, which served as important centres of power and trade, and many smaller towns and villages that maintained relations with these cities. The further these towns and villages were from the cities, the less control and influence the cities had over them.

    The British and French introduced the concept of nations with borders to mainland south-east Asia, drawing the first official maps of Thailand (then known as Siam) and Cambodia. In the case of Thailand, the only south-east Asian nation never to be formally colonised, the mapping was also done at the request of the Siamese kings.

    Thailand’s current borders were shaped by several different maps and treaties that followed the 1893 Paknam incident, during which two French gunboats sailed up the Chao Praya River and blockaded Bangkok.

    To preserve its sovereignty as an emerging nation, Siam ceded considerable territorial claims to France after this incident. This included several provinces in present-day Cambodia, which are home to ancient temples.

    A 1907 map drawn by the French defined these territories, although with a considerable degree of vagueness. The map became a sore point in Cambodia-Thai relations following Cambodia’s independence in 1953, especially in regard to disputes over the Preah Vihear temple.

    Preah Vihear temple

    Following France’s withdrawal from south-east Asia in 1954, Thailand occupied Preah Vihear. Cambodia raised the issue of Thai occupation with the International Court of Justice (ICJ), which ruled in 1962 that the temple belonged to Cambodia based on the French map. Thailand reluctantly accepted the ruling, but continued to dispute the area surrounding the temple.

    The conflict flared up again in 2008 when the UN world heritage body Unesco awarded the temple world heritage status. Cambodia’s application initially received support from the then new Thai government of prime minister Samak Sundaravej, a close ally of the recently ousted Thaksin Shinawatra.

    Anti-Thaksin groups used the government’s support to drive an ultra-nationalist campaign against the Samak government. This eventually contributed to large-scale domestic political protests that saw Samak’s government and that of his successor, Somchai Wongsawat, both ousted from power in 2008 in a series of judicial coups.

    The period from 2008 to 2011 was marked by high tensions between the two countries, with sporadic armed clashes between their respective armies in the areas surrounding the temple.

    The newly appointed Thai government of Abhisit Vejjajiva was sympathetic towards the ultra-nationalist anti-Thaksin groups. So there was no de-escalation of the conflict from the Thai side. Hun Sen, who was then Cambodia’s prime minister, also benefited from the conflict as it helped buttress his nationalist credentials.

    But a particularly violent round of armed clashes followed in February 2011, resulting in at least eight civilian fatalities, 20 injured soldiers and many displaced civilians on both sides. Hun Sen then raised the issue of Cambodian sovereignty over the temple and its surrounding area with the ICJ.

    The ICJ issued a provisional ruling favouring Cambodia and ordered both sides to withdraw military personnel from the area. Despite the initial refusal of Thai troops to leave, the two countries agreed to withdraw their forces in December 2011.

    The final ICJ ruling came in late 2013, again affirming Cambodia’s sovereignty of the area. It coincided with another period of domestic political instability in Thailand. The government of Yingluck Shinawatra, Thaksin’s younger sister, was facing mass public protests from anti-Thaksin groups.

    While the ruling did not play a decisive role in the eventual downfall of her government, it added fuel to the already explosive political environment. The border conflict went largely dormant after the 2013 ICJ ruling, until the new round of clashes broke out in May 2025.

    Thai and Cambodian troops have periodically clashed in the area surrounding the Preah Vihear temple.
    Kim Za / Shutterstock

    Given the history of tensions and armed disputes over territory between Cambodia and Thailand, the recent escalation is not without precedent. What is new, though, is that this round is as much between two countries as it is between two ruling families.

    Over the past 20 years, a close personal relationship formed between Hun Sen and Thaksin. But this relationship unravelled when Hun Sen, who remains a hugely influential figure in Cambodian politics, released a private audio recording of his call with Thaksin’s daughter, Paetongtarn. The leak put her premiership on the line.

    Paetongtarn has since been suspended from office pending a court ruling, with Cambodia-Thai relations reaching new lows. Given the intermixing of personal animosities, a quick diplomatic resolution to the escalating conflict seems unlikely.



    Read more:
    A border conflict may cost the Thai prime minister her job

    Get your news from actual experts, straight to your inbox. Sign up to our daily newsletter to receive all The Conversation UK’s latest coverage of news and research, from politics and business to the arts and sciences.

    Petra Alderman does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    – ref. Thailand and Cambodia’s escalating conflict has roots in century-old border dispute – https://theconversation.com/thailand-and-cambodias-escalating-conflict-has-roots-in-century-old-border-dispute-261873

    MIL OSI Analysis –

    July 25, 2025

  • MIL-OSI Analysis: Gaza is starving – how Israel’s allies can go beyond words and take meaningful action

    Source: The Conversation – UK – By Simon Mabon, Professor of International Relations, Lancaster University

    In the past two months, more than 1,000 people seeking food have been killed, according to the UN Human Rights Office. While the figure has been disputed by Israel and the Gaza Humanitarian Foundation which was set up to distribute aid, 28 nations this week condemned the “horrifying” killing of Gazans trying to get food.

    As the Israel Defense Forces continues its assault in the city of Deir al-Balah in central Gaza, including an attack on the staff residence of the World Health Organization on July 21, UN bodies are warning that the besieged strip’s last lifelines are collapsing.

    Already around 60,000 Gazans have been killed and growing numbers are now dying from hunger and malnutrition, according to the Hamas-led Gaza Health Ministry. More than 90% of the private homes in Gaza have been damaged or destroyed.

    For all the talk of a ceasefire – one that is long overdue – there is little hope. Israeli military operations continue and Gazans must risk their lives in search of food and aid.

    Sign up to receive our weekly World Affairs Briefing newsletter from The Conversation UK. Every Thursday we’ll bring you expert analysis of the big stories in international relations.

    Malnutrition is rife. According to the IPC’s report in May – the international organisation that monitors food security – “goods indispensable for people’s survival are either depleted or expected to run out in the coming weeks” with nearly 500,000 people considered to be facing “catastrophe”, with a further 1.1 million in an “emergency” risk category.

    For the IPC, the catastrophe category is one of extreme food shortages, critical malnutrition leading to starvation and high death rates. The emergency category is one of severe food shortages, very high malnutrition and even death.

    Israeli officials continue to speak of moving Gazans into what has been termed a “humanitarian city” but what former Israeli prime minister Ehud Olmert described as a “concentration camp”. In the same interview Olmert called decision to move Gazans into the camp as “ethnic cleansing”.

    All the while, the world’s leaders look on. Most are apparently content to condemn – but little action has been taken.

    The clamour for Israel’s allies to take a harder stance on its actions in Gaza is growing louder by the day. On July 23, a group of 38 former EU ambassadors published an open letter to EU heads of states and senior officials accusing Israel of taking “calculated steps towards ethnic cleansing” and calling out the EU’s failure to “respond meaningfully to these horrific events”.

    But what do actions look like? Pressure must be applied to the Netanyahu government. In the UK, both prime minister Keir Starmer and foreign minister David Lammy have been quick to stress that the UK has urged Israel to respect international law.

    They point to the sanctions the UK has imposed on Itamar Ben-Gvir and Bezalel Smotrich, two rightwing ministers in Benjamin Netanyahu’s coalition government, as a result of their repeated incitements of violence against Palestinians. While Lammy suggests that further sanctions could follow if Israel does not change its behaviour in Gaza and bring about an end to the suffering, the atrocities continue.

    Practical steps to pressure Israel

    Pressure is growing on the UK government to recognise Palestine as a state – something that I was told by a contact in the Labour government more than a year ago was on Labour’s agenda before October 7. Lammy insists the government is committed to a two-state solution, but this is not diplomatically viable given that the UK only recognises one state involved in these events.

    The state of Palestine is recognised as a sovereign entity by 147 other members of the UN. That’s 75% of all members.

    Other steps could be a full arms embargo, something that has long been called for but rejected by the UK government, which has banned some, but by no means all arms sales to Israel. A number of countries have properly banned arms sales to Israel since October 2023, including Italy, Spain, Canada, the Netherlands, Belgium and Japan.

    There are other more incendiary options. One would be for the UK and others to properly adhere to their obligations under international law.

    The International Criminal Court issued an arrest warrant for the Israeli prime minister Benjamin Netanyahu and his defence minister, Yoav Gallant, in November 2024. There are 125 countries that have signed up to the ICC (the US isn’t one of them). They could arrest Netanyahu if he enters their countries.

    There are a range of other things that could be tried. A look at what the international community did to make South Africa a pariah during the later years of apartheid would be worthwhile.

    EU should use its diplomatic muscle

    As Israel’s biggest trading partner, the EU has the potential to wield considerable clout, so the question must be asked: why has so little been done, beyond mere words.

    In June, the EU found Israel to be in breach of its human rights commitments under the terms of the EU-Israel association agreement. Yet to date there have been as yet no moves to suspend trade.

    Kaja Kallas, the EU’s foreign policy chief declared that “all options remain on the table if Israel doesn’t deliver” on its pledges. These include full or partial suspension of the EU-Israel Association Agreement, sanctions on members of government, military or settlers, trade measures, arms embargoes, or the suspension of academic cooperation – including the prestigious Horizon Europe Research and Innovation programme.

    Of course, getting all 27 member states to agree to such an approach is easier said than done. And national leaders will obviously have to consider that taking steps to put pressure with Israel could damage relations with the Trump administration in the US.

    But all the while, the situation on the ground is deteriorating, with the world watching while Gaza burns. The failure by Israel’s allies to take meaningful steps to pressure Israel to prevent the wanton killing and displacement is a stain on humanity.

    After the horrors of the second world war, Rwanda, Myanmar and Srebrenica, the world said “never again”. Without action, there’s a risk it will shrug its shoulders and say “never mind”.

    Get your news from actual experts, straight to your inbox. Sign up to our daily newsletter to receive all The Conversation UK’s latest coverage of news and research, from politics and business to the arts and sciences.

    Simon Mabon receives funding from Carnegie Corporation of New York and The Henry Luce Foundation.

    – ref. Gaza is starving – how Israel’s allies can go beyond words and take meaningful action – https://theconversation.com/gaza-is-starving-how-israels-allies-can-go-beyond-words-and-take-meaningful-action-261783

    MIL OSI Analysis –

    July 25, 2025

  • MIL-OSI Africa: Dangote’s Game Changing Impact on African Energy

    Source: APO

    The historic commencement of operations at the 650,000 barrels-per-day Dangote Refinery has redefined Africa’s refining ambitions, establishing a new epicenter for oil product supply across West Africa and beyond. As the continent’s largest single-train refinery – and one of the most technologically advanced globally – Dangote represents a turning point for African energy self-sufficiency, reducing import dependence and reshaping traditional trade flows within the Atlantic Basin.

    Already, the refinery has begun exporting refined products, with early shipments pointing to a diversification of destinations – from regional African markets to Europe and Asia. These developments are ushering in a new era for crude and product flows, as well as domestic monetization strategies. The facility’s ability to process a slate of Nigerian and other light sweet crudes is having far-reaching implications not only for Nigeria’s upstream sector but for oil producers across the Gulf of Guinea, potentially prompting shifts in production plans, infrastructure investment and regional trade dynamics.

    As Africa’s premier energy event returns to Cape Town, African Energy Week (AEW) 2025: Invest in African Energies will place a critical spotlight on West Africa’s evolving refining landscape with a dedicated workshop on the “The Dangote Refinery and its Impact on the African Refining Balance.” Hosted by the African Energy Chamber (AEC) and S&P Global Commodity Insights, the session will take place on Monday, September 29 from 11:30 to 12:30, drawing key industry stakeholders and policy leaders into a dynamic discussion on one of the most transformational projects in the continent’s oil and gas sector.

    Beyond reshaping crude and product markets, the refinery is also impacting fuel quality and environmental standards in the region. Dangote’s state-of-the-art configuration allows it to produce Euro V standard fuels, a major step forward for countries long reliant on lower-quality imports. This creates new opportunities for West African governments to strengthen fuel specifications, improve urban air quality and reduce exposure to volatile global supply chains.

    The workshop will also explore the broader impact of Dangote on Africa’s existing refining infrastructure. With aging, underutilized refineries scattered across the continent, the rise of a mega refinery capable of meeting domestic and regional demand poses significant questions for legacy plants. Will they modernize, reposition themselves to serve niche needs or shut down entirely in the face of more efficient competition? The discussion will address the strategic responses by national oil companies and private operators as they navigate this new refining era.

    “AEW 2025 continues to serve as the continent’s definitive platform for energy dialogue, investment and innovation, with the Dangote workshop exemplifying the type of forward-looking conversations shaping the future of African energy. As West Africa’s refining ambitions begin to bear fruit – and as the continent seeks to capture more value across its energy value chain – the implications for energy security, trade and industrial development are profound,” says NJ Ayuk, Executive Chairman, African Energy Chamber.

    To register for the workshop click here (https://apo-opa.co/4o5lfQ4).

    Distributed by APO Group on behalf of African Energy Chamber.

    About African Energy Week:
    AEW: Invest in African Energies is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit www.AECWeek.com for more information about this exciting event.

    Media files

    .

    MIL OSI Africa –

    July 25, 2025

  • MIL-OSI USA: Rep. Young Kim Leads Bipartisan Bill to Strengthen U.S.–Korea Ties

    Source: United States House of Representatives – Representative Young Kim (CA-39)

    Washington, DC – Yesterday, House Foreign Affairs Subcommittee on East Asia and the Pacific Chairwoman Young Kim (CA-40) and Representative Sydney Kamlager‑Dove (CA-37) introduced the bipartisan Partner with Korea Act (H.R.4687) to encourage greater collaboration between U.S. and Korean businesses. 

    The Partner with Korea Act builds on the U.S.–Korea Free Trade Agreement (KORUS FTA) by creating an allotment of 15,000 E-4 highly skilled work visas for Korean nationals with specialized education or expertise, provided that potential employers ensure the visa holders are not hired for positions that American workers could fill. Similar visa categories have been created through free trade agreements with countries, such as Australia and Singapore. 

    “As the Chinese Communist Party and North Korea increase aggression and work to rewrite the world’s rules-based international order, our partnership with South Korea has never been more vital,” said Rep. Young Kim. “South Korea’s highly skilled workforce can help support our economic and national security amid rising threats in the Indo-Pacific. As we mark 72 years of the U.S.-ROK alliance, I’m proud to join forces with Rep. Kamlager-Dove to unlock new economic opportunities that strengthen both of our nations.” 

     “Immigrants power our economy—not just in Los Angeles but nationwide,” said Congresswoman Kamlager-Dove. “Korean immigrants are an integral part of America’s fabric, making essential contributions in various industries, from technology to healthcare and beyond. As a proud representative of the vibrant Korean American community in Los Angeles, I am honored to introduce legislation that will open doors for high-skilled workers from the Republic of Korea. When we fail to attract and retain immigrant talent, our businesses and economy suffer—that’s why the Partner with Korea Act is crucial for keeping America competitive.” 

    The KORUS FTA passed Congress in 2011 and took effect in March of 2012. The Partner with Korea Act was previously introduced in the 113th, 114th, 115th, 116th, 117th, and 118th Congresses by the late Congressman Gerry Connolly (VA-11). Rep. Kim has helped lead this bipartisan effort since she’s been in Congress. 

    Read more about the bill HERE. 

    MIL OSI USA News –

    July 25, 2025

  • MIL-OSI: 74Software: Sustained Momentum Reinforces Long-Term Objectives

    Source: GlobeNewswire (MIL-OSI)

    Press Release
    Paris, July 24, 2025

    74Software: Sustained Momentum Reinforces Long-Term Objectives

    • Group H1 2025 revenue of €344.0m, up 6.5% organically and 6.2% in total
    • Strong H1 across both brands – Axway up 8.9% to €160.8m and SBS up 5.0% to €184.2m
    • Marked improvement in margin on operating activities, up 585bps to 12.0% of revenue (€41.3m)
    • ARR increased year-on-year by 11.8% at Axway and 10.9% at SBS, further strengthening recurring revenues

    74Software’s Board of Directors, chaired by Pierre Pasquier, approved today the financial statements for the first half of 2025, which were subject to a limited review by the statutory auditors1. Consequently, 74Software announces:

    Half-Year Key Income Statement Items
                       
        Half-year 2025   Half-year 2024
    Proforma
    6M AXW + 6M SBS    		   Half-year 2024
    Reported
    Axway Standalone
        €m % of Rev.   €m % of Rev.   €m % of Rev.
    TOTAL REVENUE   344.0     323.9     148.7  
    GROSS PROFIT   228.1 66.3%   206.8 63.9%   104.7 70.5%
    PROFIT ON OPERATING ACTIVITIES   41.3 12.0%   19.9 6.1%   17.1 11.5%
    OPERATING PROFIT   19.5 5.7%   2.6 0.8%   8.3 5.6%
    NET PROFIT   5.8 1.7%   -15.6 -4.8%   2.8 1.9%
    EARNINGS PER SHARE   0.20 €     -0.54 €     0.13 €  

    Patrick Donovan, Chief Executive Officer, stated:

    “Our H1 results confirm our strong start to the year and demonstrate both the strength of our strategic direction and our ability to execute in-line with our stated plans. As noted in our Q1 press release, the solid early execution front-loads part of the year’s commercial activity— especially in the Axway business. We remain fully committed to our full-year guidance and, more broadly, to our 2027 and 2028 ambitions. Axway is now firmly established as a subscription-first business, while SBS is rapidly scaling its modular banking platforms and expanding its SaaS footprint. With recurring revenue accelerating and capital deployment tightly managed, 74Software is becoming a more structured, resilient, and forward-looking group — built to deliver long-term value creation.”

    Comments on H1 2025 activity

    74Software delivered a strong first-half performance, confirming its ability to execute on its strategic roadmap and capitalize on the operational integration initiated following the transaction closing in September 2024. Revenue growth was solid in both brands, while profitability improved as planned — reflecting the strength of the Group’s model and the improved execution driven by Axway’s infrastructure software expertise and SBS’s leadership in banking software.

    Following a particularly dynamic Q1, the second quarter allowed the Group to consolidate its gains, maintain commercial selectivity, and further shift toward a recurring, scalable revenue model. Axway has now largely transitioned, while SBS continues to advance its own transformation, expanding SaaS deployments and rebalancing its revenue mix in favor of product revenue. Key highlights for the period include:

    • Axway recorded a strong first half, with consistent growth across all product lines. Nearly 60 new customers were signed during the period (+20% year-on-year), with new-name deals accounting for around one-third of Q2 bookings. Large-scale projects gained momentum, including six contracts exceeding €1 million signed in Q2 alone. Demand for cloud-based delivery continued to rise, with Axway-managed deployments representing 40% of Q2 bookings and 35% over the first half. This shift was broad-based, with steady adoption across all geographies and industry verticals.
    • SBS also reported strong results, with product revenue now accounting for 75% of total revenue, up from 67% in H1 2024 — marking significant progress in the company’s shift toward a software-led model. Growth was supported by all product lines, including solid license activity in integrated platforms, components, and financing solutions, as well as continued expansion of modular offerings. The company has now contracted more than 230 SaaS regulatory reporting services, reinforcing adoption across its client base. During the period, SBS welcomed several new clients and completed the first SaaS deployment of its digital engagement platform in Europe. Two additional implementations are scheduled for the third quarter in Africa, where demand is driven by microfinance and Islamic banking. The company’s progress was also recognized through multiple industry awards highlighting its leadership in compliance, payments, and digital banking.

    The Group enters H2 with improving visibility, disciplined execution, and a clear focus on delivering its full-year objectives. Integration of support functions between Axway and SBS is now largely complete, and joint commercial initiatives are steadily expanding across selected regions.

    Comments on H1 2025 operational performance

    Half-year Revenue Breakdown by Portfolio Brand
               
      H1 2025 H1 2024
    Proforma    		 H1 2024
    Restated    		 Total
    Growth    		 Organic
    Growth
    €m / %
    Axway Scope 160.8 148.7 147.6 8.1% 8.9%
    SBS Scope 184.2 175.2 175.4 5.1% 5.0%
               
    Consolidation -1.0 0.0 0.0 – –
               
    74Software 344.0 323.9 323.0 6.2% 6.5%

    In the first half of 2025, the Group generated revenue of €344.0 million, reflecting total growth of 6.2% and organic growth of 6.5% year-on-year. This performance was supported by both brands, with Axway contributing €160.8 million in revenue and organic growth of 8.9%, and SBS contributing €184.2 million with 5.0% organic growth (compared to proforma H1 2024).

    Half-year Revenue Breakdown by Type
               
      H1 2025 H1 2024
    Proforma    		 H1 2024
    Restated    		 Total
    Growth    		 Organic
    Growth
    €m / %
    Product revenue 280.0 248.7 248.1 12.6% 12.9%
    Recurring revenue 258.0 229.3 228.7 12.5% 12.8%
    o/w Maintenance & Support 91.5 96.2 96.0 -4.9% -4.7%
    o/w Customer-managed Subscription 98.7 76.6 76.5 28.8% 29.0%
    o/w Own-managed Subscription 67.8 56.5 56.2 20.0% 20.6%
    License revenue 22.1 19.4 19.4 13.5% 13.7%
               
    Services revenue 64.0 75.2 74.9 -14.9% -14.6%
               
    Total revenue 344.0 323.9 323.0 6.2% 6.5%

    In the first half of 2025, Product revenue reached €280.0 million, up 12.9% organically, reflecting strong execution across both Axway and SBS. The Group continued to benefit from rising demand for subscription-based offers, with both customer-managed and own-managed subscriptions posting growth above 20%. Maintenance revenue declined as anticipated, while license activity increased but remained low at 6.4% of total revenue. Product revenues accounted for 81% of total revenue (up from 77% in H1 2024) and recurring revenues were at 75% of total revenue (up from 71% in H1 2024), confirming 74Software’s successful transition toward a product- and subscription-led model.

    Axway generated €143.3 million in product revenue, up 10.5% organically. Recurring activities made nearly the entire contribution, driven by a 29.5% increase in customer-managed subscriptions and 6.8% growth in own-managed deployments, reflecting continued momentum in hybrid environments. License revenue decreased by 34.9% as the company continues to phase out new license sales. Maintenance and support dropped by 20.6% due to the continued shift of the customer base towards subscription models. Services revenue was slightly lower, down 2.2%, and represented 11% of Axway’s total.

    SBS recorded €137.7 million in product revenue, up 16.3% organically, with strong performance across all product categories. Own-managed subscriptions rose by 35.2%, customer-managed subscriptions by 25.5%, and maintenance and support increased by 4.2%, supported by a growing installed base. License revenue climbed 21.2%, reflecting continued expansion of integrated and lending solutions. Recurring revenue now represents 64% of SBS’s business (up from 58% in H1 2024), with services accounting for 25% and licenses for 11%. This illustrates SBS’s continued shift from a service-led to a product-led business model.

    Group-wide, Services generated €64.0 million in the first half, or 18.6% of total revenue, down 14.6% compared to last year. This decrease mainly reflects SBS’s repositioning, while Axway’s service contribution remained stable. The difference in service trends between the two businesses stems from their respective models. Axway relies on lighter implementation cycles, whereas SBS delivers more comprehensive banking transformation programs.

    At the end of June 2025, ARR for Axway stood at €255.9 million, reflecting an organic growth of 11.8% year-on-year. SBS also continued to expand its ARR to €233.3 million, up 10.9% organically year-on-year. These solid performances confirm the effectiveness of both companies’ strategic repositioning and reinforce the Group’s revenue predictability and resilience.

    Comments on H1 2025 product line performance

    Axway, a recognized leader in application infrastructure and middleware, delivered solid momentum in the first half of 2025. All product lines contributed to growth, supported by strong commercial execution and increasing demand for cloud-based solutions:

    • Managed File Transfer remained a key contributor despite a normalization of activity following an exceptional 2024. The gradual erosion of legacy maintenance was more than offset by strong momentum in managed deployments, confirming the sustained value of Axway’s hybrid approach.
    • B2B Integration delivered robust gains across the board, benefiting from growing demand for managed solutions and early signs of successful cross-sell with SBS. The product line also saw improvements in both subscription and service revenue.
    • API Management accelerated sharply, supported by strong commercial execution and increased adoption of its integration and engagement modules. The Fusion extension also contributed positively, confirming the platform’s potential.
    • Specialized Products, including the Financial Accounting Hub, maintained steady momentum through targeted compliance and finance use cases. Recent wins via ecosystem partnerships reinforced Axway’s positioning with key accounts.

    SBS, a trusted provider of banking and financing software, posted solid growth in all product lines, confirming the strength of its modular and targeted approach as it continues its shift toward a product-led model:

    • Financing Products maintained a steady trajectory, reflecting stable demand in wholesale auto finance and UK mortgage service. Activity remained resilient despite longer decision cycles in certain regions.
      • Modular Products continued to gain traction, primarily driven by momentum in instant payments and the regulatory reporting platform. Cross-sell into the integrated base gained pace, confirming the appeal of modular architectures.
      • Integrated Products delivered consistent performance, with solid customer retention and ongoing functional improvements. In some markets, modular alternatives are beginning to complement legacy platforms, paving the way for more composable setups. SBS’ market-leading product in Africa continues to perform strongly, adding new customers as well as increasing share of wallet in its installed base.
    • Banking Components continued to gain momentum, particularly in payments, lending, and cards. The strength of customer relationships across key accounts in France continues to drive upsells.

    Comments on H1 2025 profit on operating activities

    Profit on Operating Activities – Group
                       
        H1 2025   H1 2024
    Proforma    		   Change
        €m % of Rev.   €m % of Rev.   €m Basis Points
    Product revenue   280.0 81.4%   248.7 76.8%   + 31.3 + 461
    Services revenue   64.0 18.6%   75.2 23.2%   – 11.2 – 461
    Total revenue   344.0     323.9     + 20.1  
    Total costs of revenue   115.9     117.1     – 1.2  
    GROSS PROFIT   228.1 66.3%   206.9 63.9%   + 21.2 + 243
    o/w product gross profit   217.9 77.8%   191.7 77.0%   + 26.2 + 75
    o/w services gross profit   10.2 15.9%   15.2 20.2%   – 5.0 – 422
    Operating expenses   186.8 54.3%   186.9 57.7%   – 0.1 – 341
    o/w research & development   93.2 27.1%   95.0 29.3%   – 1.8 – 224
    o/w sales & marketing   62.8 18.3%   62.3 19.2%   + 0.5 – 96
    o/w general & administrative   30.8 8.9%   29.6 9.1%   + 1.1 – 20
    PROFIT ON OPERATING ACTIVITIES   41.3 12.0%   19.9 6.1%   + 21.4 + 585
    Net Capitalisation of R&D   8.4 2.4%   9.1 2.8%   – 0.8 – 39
    in % of gross R&D   8.2%     8.8%     -0.5%  

    In H1 2025, profit on operating activities reached €41.3 million, representing a margin of 12.0% of revenue, compared with 6.1% in H1 2024. This sharp improvement reflects strong gross profit expansion, driven by a more favorable revenue mix and tight cost control across operating expenses with all lines showing year-on-year efficiencies. Gross margins increased—particularly at Axway—thanks to strong bookings in customer-managed subscriptions, which generated significant upfront revenue at high margins.

    Comments on H1 2025 net profit

    Net Profit – Group
                       
        Half-year 2025   Half-year 2024
    Proforma
    6M AXW + 6M SBS    		   Half-year 2024
    Reported
    Axway Standalone
        €m % of Rev.   €m % of Rev.   €m % of Rev.
    PROFIT ON OPERATING ACTIVITIES   41.3 12.0%   19.9 6.1%   17.1 11.5%
    Share-based expenses   -6.7     -2.4     -2.9  
    Amortization of allocated intangibles   -6.2     -7.1     -1.7  
    PROFIT FROM RECURRING OPERATIONS   28.4 8.3%   10.5 3.2%   12.5 8.4%
    Other operating income and expenses   -8.9     -7.9     -4.1  
    OPERATING PROFIT   19.5 5.7%   2.6 0.8%   8.3 5.6%
    Cost of financial debt   -9.0     -8.9     -2.7  
    Other financial income and expenses   -2.2     -2.0     -0.9  
    Income tax expenses   -2.5     -7.2     -2.0  
    NET PROFIT   5.8 1.7%   -15.6 -4.8%   2.8 1.9%
    Earnings per share   0.20 €     -0.54 €     0.13 €  

    Profit from recurring operations reached €28.4 million, after accounting for the amortization of allocated intangibles and share-based expenses. This marks a substantial improvement from the H1 2024 proforma figure of €10.5 million.

    Share-based expenses increased, reflecting the inclusion of SBS in the new long-term incentive program, the Group’s strong share price performance, and higher employer social security rates in France. The purchase price allocation (PPA) related to the SBS acquisition has now been finalized. Amortization of allocated intangibles has been restated for 2024 on a pro forma basis and is expected to total €12–13 million for full-year 2025.

    After including other operating income and expenses, such as restructuring charges and non-recurring items totaling €8.9 million, operating profit amounted to €19.5 million, compared with €2.6 million on a proforma basis in H1 2024.

    Net profit for the half-year came to €5.8 million (1.7%), a significant turnaround from the €15.6 million loss recorded on a proforma basis in the prior year.

    Basic earnings per share stood at €0.20, compared with a loss of €0.54 per share in the first half of 2024 (proforma).

    Financial position on June 30, 2025

    74Software made strong progress in its deleveraging effort during H1 2025. Free cash flow was particularly robust, supported by seasonal inflows from maintenance and subscription renewals, as well as the first-time implementation of a factoring program on selected receivables. Unlevered free cash flow reached €76.4 million, enabling €42 million in debt repayments and boosting cash balances. As a result, net debt stood at €191.8 million (before IFRS 16), with a leverage ratio of 1.83x and a gearing ratio of 0.37x—achieving the full-year leverage target of below 2.0x well ahead of schedule. This deleveraging is expected to reduce interest expenses going forward. Due to seasonal patterns in cash collection, the leverage ratio is expected to remain below 2.0x through year-end, though without material further improvement.

    Shareholders’ equity stood at €512.8 million (72.8% of total capital) at June 30, 2025.

    Change in the workforce

    At June 30, 2025, the Group employed 4,679 full-time equivalents, compared with 4,787 at year-end 2024. This 2.6% reduction reflects continued disciplined workforce management across both Axway and SBS, aligned with the Group’s operational efficiency focus.

    Targets & Ambitions

    Following a strong first half, 74Software confirms its full-year 2025 guidance, underpinned by solid execution and front-loaded bookings. The Group continues to target revenue growth between 2% and 4%, reaching approximately €700 million, with an operating margin between 14% and 16%. Due to the first-time introduction of the factoring program, unlevered free cash flow is now expected to be at least 10% of revenue, and the leverage ratio is projected to remain below 2.0x.

    Looking ahead, 74Software reiterates its ambition to surpass €750 million in revenue by 2027 with an operating margin above 17%, and to reach around 20% by 2028 — in line with its trajectory toward a scalable, profitable, and product-led growth model.

    [ NEW TIME ] Today, Thursday, July 24, 2025, 6.00 p.m. (CEST):

    2025 HALF-YEAR RESULTS – VIRTUAL ANALYST CONFERENCE

    •  Register here or join by phone by dialing one of the numbers below:
      • France: +33 (0) 1 70 37 71 66 / USA: +1 786 697 3501 / International: +44 (0) 33 0551 0200

    Please note that the meeting will be held in English.

    Financial Calendar

    Thursday, October 30, 2025, before market opening: Publication of Q3 2025 Revenue

    Thursday, February 26, 2026, after market closing: Publication of 2025 Full-Year Results

    Glossary and Alternative Performance Measures

    Axway ARR: Annual Recurring Revenue – Expected annual billing amounts from all active maintenance and subscription agreements.

    SBS ARR: Annual Recurring Revenue – Monthly recurring revenue (MRR) for the last month of the reporting period multiplied by 12. Where contracts are affected by seasonality or contracted volume-based elements, the last 12 months of revenue are aggregated in determining ARR. Expected recurring revenue from contracts signed but not yet active are not included in ARR.

    NPS: Net Promoter Score – Customer satisfaction and recommendation indicator for a company.

    Organic growth: Growth in revenue between the period under review and the prior period, restated for consolidation scope and exchange rate impacts.

    Profit on operating activities: Profit from recurring operations adjusted for the non-cash share-based payment expense, as well as the amortization of allocated intangible assets.

    Proforma: Proforma measures assume the acquisition of SBS happened at the beginning of the respective reporting period.

    Restated revenue: Revenue for the prior year, adjusted for the consolidation scope and exchange rates of the current year.

    Unlevered free cash flow: Free cash flow before exceptional items and before net interest expense.

    About 74Software

    74Software is an enterprise software group founded through the combination of Axway and SBS – independently operated leaders with unique experience and capabilities to deliver mission-critical software for a data driven world. A pioneer in enterprise integration solutions for 25 years, Axway supports major brands and government agencies around the globe with its core line of MFT, B2B, API, and Financial Accounting Hub products. SBS empowers banks and financial institutions to reimagine tomorrow’s digital experiences with a composable cloud-based architecture that enables deposits, lending, compliance, payments, consumer, and asset finance services and operations to be deployed worldwide. 74Software serves more than 11,000 companies, including over 1,500 financial service customers. To learn more, visit 74Software.com

    Contacts – Investor Relations:

    Arthur Carli – +33 (0)1 47 17 24 65 – acarli@74software.com

    Chloé Chouard – +33 (0)1 47 17 21 78 – cchouard@74software.com

    Appendices (1/5)

    Income Statement – Group
                       
        Half-year 2025   Half-year 2024
    Proforma
    6M AXW + 6M SBS    		   Half-year 2024
    Reported
    Axway Standalone
        €m % of Rev.   €m % of Rev.   €m % of Rev.
    TOTAL REVENUE   344.0     323.9     148.7  
    Total costs of revenue   -115.9     -117.1     -44.0  
    GROSS PROFIT   228.1 66.3%   206.9 63.9%   104.7 70.5%
    Operating expenses   -186.8     -186.9     -87.6  
    PROFIT ON OPERATING ACTIVITIES   41.3 12.0%   19.9 6.1%   17.1 11.5%
    Share-based expenses   -6.7     -2.4     -2.9  
    Amortization of allocated intangibles   -6.2     -7.1     -1.7  
    PROFIT FROM RECURRING OPERATIONS   28.4 8.3%   10.5 3.2%   12.5 8.4%
    Other operating income and expenses   -8.9     -7.9     -4.1  
    OPERATING PROFIT   19.5 5.7%   2.6 0.8%   8.3 5.6%
    Cost of financial debt   -9.0     -8.9     -2.7  
    Other financial income and expenses   -2.2     -2.0     -0.9  
    Income tax expenses   -2.5     -7.2     -2.0  
    NET PROFIT   5.8 1.7%   -15.6 -4.8%   2.8 1.9%
    Earnings per share   0.20 €     -0.54 €     0.13 €  
    Simplified Balance Sheet                    
                         
    in €m   H1 2025
    IFRS
    Consolidated    		 FY 2024
    IFRS Consolidated    		 Change   in €m   H1 2025
    IFRS
    Consolidated    		 FY 2024
    IFRS Consolidated    		 Change
    Accounts receivables   246.7 293.5 – 46.8   Cash & cash equivalents   -57.8 -41.4 – 16.4
    Other current assets   123.3 101.9 + 21.4   Financial debt   249.6 291.8 – 42.2
    Accounts payables   -34.1 -28.7 – 5.4   Net debt   191.8 250.4 – 58.6
    Deferred revenue   -138.2 -88.6 – 49.6   Equity   512.8 532.4 – 19.6
    Other current liabilities   -137.2 -158.0 + 20.8   CAPITAL EMPLOYED   704.6 782.8 – 78.2
    Net working capital   60.5 120.1 – 59.7            
    Tangible fixed assets   20.9 25.0 – 4.1            
    Goodwill   523.1 497.4 + 25.7       H1 2025
    IFRS
    Consolidated    		 FY 2024
    IFRS Consolidated    		 Change
    Other intangibles   132.1 192.3 – 60.2      
    Fixed assets   676.1 714.7 – 38.6   Ratios  
    Other assets   100.2 78.1 + 22.1   DSO (days)   121 145 -24
    Other liabilities   -132.1 -130.1 – 2.0   Net debt / total capital   27.2% 32.0% – 4.8%
    Other assets – liabilities   -31.9 -52.0 + 20.1   Equity / total capital   72.8% 68.0% + 4.8%
    INVESTED ASSETS   704.5 782.8 – 78.4            
    Cash Flow Statement              
                   
      H1 2025   H1 2024   Change Axway
    H1 25 vs. H1 24
    in €m 74Software SBS Axway   Axway Standalone  
    Operating cashflow 89.6 35.8 53.9   15.0   + 38.8
    o/w change in NWC 55.0 29.4 25.6   2.6   + 23.1
    o/w other operating cashflow 34.6 6.4 28.2   12.5   + 15.7
    Investing cashflow -14.2 -9.8 -4.4   -2.7   – 1.6
    o/w PP&E & others -5.0 -0.6 -4.4   -2.7   – 1.7
    o/w capitalized R&D -9.2 -9.2 0.0   0.0   0.0
    Financing cashflow -58.1 -14.6 -43.4   -12.6   – 30.8
    o/w debt repayment -42.0 0.0 -42.0   0.0   – 42.0
    o/w other financing cashflow -16.1 -14.6 -1.4   -12.6   + 11.2
    NET CHANGE IN CASH 16.2 11.1 5.1   -0.2   + 5.3
                   
    Unlevered free cashflow 76.4 29.0 47.4   13.9   + 33.5
    as a % of revenue 22.2% 15.7% 29.5%   9.4%   + 20.1%

    Appendices (2/5)

    Profit on Operating Activities – Axway
                       
        H1 2025
    Axway    		   H1 2024
    Reported
    Axway    		   Change
        €m % of Rev.   €m % of Rev.   €m Basis Points
    Product revenue   143.3 89.1%   130.5 87.8%   + 12.8 + 134
    Services revenue   17.5 10.9%   18.2 12.2%   – 0.7 – 134
    Total revenue   160.8     148.7     + 12.1  
    Total costs of revenue   40.3     44.0     – 3.7  
    GROSS PROFIT   120.5 74.9%   104.7 70.4%   + 15.8 + 451
    o/w product gross profit   119.3 83.2%   104.6 80.2%   + 14.7 + 308
    o/w services gross profit   1.2 7.0%   0.1 0.6%   + 1.1 + 644
    Operating expenses   93.8 58.4%   87.6 58.9%   + 6.2 – 58
    o/w research & development   32.6 20.3%   31.2 21.0%   + 1.4 – 69
    o/w sales & marketing   43.0 26.8%   41.8 28.1%   + 1.2 – 137
    o/w general & administrative   18.2 11.3%   14.6 9.8%   + 3.6 + 148
    PROFIT ON OPERATING ACTIVITIES   26.7 16.6%   17.1 11.5%   + 9.6 + 508
    Profit on Operating Activities – SBS
                       
        H1 2025
    SBS    		   H1 2024
    Proforma
    SBS    		   Change
        €m % of Rev.   €m % of Rev.   €m Basis Points
    Product revenue   137.7 74.8%   118.2 67.5%   + 19.5 + 729
    Services revenue   46.5 25.2%   57.0 32.5%   – 10.5 – 729
    Total revenue   184.2     175.2     + 8.9  
    Total costs of revenue   76.6     73.1     + 3.5  
    GROSS PROFIT   107.6 58.4%   102.1 58.3%   + 5.5 + 14
    o/w product gross profit   98.6 71.6%   87.1 73.6%   + 11.5 – 202
    o/w services gross profit   9.0 19.3%   15.1 26.4%   – 6.1 – 710
    Operating expenses   93.0 50.5%   99.3 56.7%   – 6.3 – 619
    o/w research & development   60.6 32.9%   63.8 36.4%   – 3.3 – 354
    o/w sales & marketing   19.8 10.7%   20.5 11.7%   – 0.7 – 93
    o/w general & administrative   12.6 6.8%   15.0 8.6%   – 2.4 – 173
    PROFIT ON OPERATING ACTIVITIES   14.6 7.9%   2.8 1.6%   + 11.8 + 633
    Quarterly Revenue Breakdown by Portfolio Brand
                 
        Q1 2025   Q2 2025   H1 2025
    €m      
    Axway Scope   82.5   78.3   160.8
    SBS Scope   88.3   95.8   184.2
                 
    Consolidation   -0.4   -0.6   -1.0
                 
    74Software   170.4   173.5   344.0

    Appendices (3/5)

    Quarterly Revenue Breakdown by Type
                 
        Q1 2025   Q2 2025   H1 2025
    €m / %      
    Product revenue   139.1   141.0   280.0
    Recurring revenue   129.5   128.4   258.0
    o/w Maintenance & Support   47.0   44.5   91.5
    o/w Customer-managed Subscription   48.6   50.1   98.7
    o/w Own-managed Subscription   34.0   33.8   67.8
    License revenue   9.5   12.5   22.1
                 
    Services revenue   31.3   32.6   64.0
                 
    Total revenue   170.4   173.6   344.0
    Quarterly Revenue Breakdown by Type – Axway
                 
        Q1 2025   Q2 2025   H1 2025
    €m / %      
    Product revenue   73.4   69.8   143.3
    Recurring revenue   72.1   69.5   141.6
    o/w Maintenance & Support   14.4   12.8   27.2
    o/w Customer-managed Subscription   43.7   43.2   87.0
    o/w Own-managed Subscription   13.9   13.4   27.4
    License revenue   1.3   0.4   1.7
                 
    Services revenue   9.0   8.5   17.5
                 
    Total revenue – Axway   82.5   78.3   160.8
    Quarterly Revenue Breakdown by Type – SBS
                 
        Q1 2025   Q2 2025   H1 2025
    €m / %      
    Product revenue   66.0   71.7   137.7
    Recurring revenue   57.9   59.5   117.3
    o/w Maintenance & Support   32.5   31.7   64.2
    o/w Customer-managed Subscription   4.9   6.9   11.7
    o/w Own-managed Subscription   20.5   20.9   41.4
    License revenue   8.2   12.2   20.4
                 
    Services revenue   22.3   24.2   46.5
                 
    Total revenue SBS   88.3   95.8   184.2

    Appendices (4/5)

    Half-year Revenue Breakdown by Portfolio Brand & Type      
                     
        H1 2025
    Axway    		   H1 2025
    SBS    		   H1 2025
    Consolidation    		   H1 2025
    74Software
    €m / %        
    Product revenue   143.3   137.7   -1.0   280.0
    Recurring revenue   141.6   117.3   -1.0   258.0
    o/w Maintenance & Support   27.2   64.2   0.0   91.5
    o/w Customer-managed Subscription   87.0   11.7   0.0   98.7
    o/w Own-managed Subscription   27.4   41.4   -1.0   67.8
    License revenue   1.7   20.4   0.0   22.1
                     
    Services revenue   17.5   46.5   0.0   64.0
                     
    Total revenue   160.8   184.2   -1.0   344.0
    Half-year Revenue Breakdown by Portfolio Brand & Type      
                     
        H1 2024
    Axway    		   H1 2024 Proforma
    SBS    		   H1 2024 Proforma Consolidation   H1 2024 Proforma 74Software
    €m / %        
    Product revenue   130.5   118.2   0.0   248.7
    Recurring revenue   127.9   101.4   0.0   229.3
    o/w Maintenance & Support   34.6   61.6   0.0   96.2
    o/w Customer-managed Subscription   67.3   9.3   0.0   76.6
    o/w Own-managed Subscription   25.9   30.5   0.0   56.5
    License revenue   2.6   16.8   0.0   19.4
                     
    Services revenue   18.2   57.0   0.0   75.2
                     
    Total revenue   148.7   175.2   0.0   323.9
    Half-year Revenue Breakdown by Region
                 
      H1 2025 H1 2024
    Proforma    		 H1 2024
    Restated    		 Total
    Growth    		 Organic
    Growth
     
      €m % of Rev.
    Europe 208.1 60.5% 203.0 203.2 2.5% 2.4%
    o/w France 99.5 28.9% 99.7 99.7 -0.2% -0.2%
    o/w UK 46.7 13.6% 44.8 45.0 4.3% 3.7%
    Americas 73.3 21.3% 65.6 64.6 11.7% 13.5%
    Middle East & Africa 43.1 12.5% 39.3 39.3 9.7% 9.7%
    Asia & Pacific 19.4 5.7% 15.9 15.8 22.0% 22.7%
                 
    74Software 344.0   323.9 323.0 6.2% 6.5%

    Appendices (5/5)

    Headcount
           
      30/06/2025 31/12/2024 Change
    Europe 3.001 3.090 -89
    Americas 370 378 -8
    Asia – Pacific 869 882 -13
    Middle East – Africa 439 437 2
           
    TOTAL 4.679 4.787 -108
    Impact on Half-year Revenue of Changes in Scope and Exchange Rates
           
    €m / % H1 2025 H1 2024 Growth
    Revenue 344.0 148.7 + 131.4%
    Changes in exchange rates   -0.9  
    Revenue at constant exchange rates 344.0 147.7 + 132.8%
    Changes in scope   +175.2  
    Revenue at constant scope and exchange rates 344.0 323.0 + 6.5%
    Changes in Main Exchange Rates
           
    For 1€ Average Rate
    H1 2025    		 Average rate
    H1 2024    		 Change
    US Dollar 1.093 1.081 – 1.1%
    Great Britain Pound 0.842 0.855 + 1.5%

    1 The interim consolidated financial statements were subject to limited review procedures.

    Attachment

    • 24072025_74Software_PR_H1 Results 2025_English_VFinal

    The MIL Network –

    July 25, 2025

  • MIL-OSI: 74Software: Sustained Momentum Reinforces Long-Term Objectives

    Source: GlobeNewswire (MIL-OSI)

    Press Release
    Paris, July 24, 2025

    74Software: Sustained Momentum Reinforces Long-Term Objectives

    • Group H1 2025 revenue of €344.0m, up 6.5% organically and 6.2% in total
    • Strong H1 across both brands – Axway up 8.9% to €160.8m and SBS up 5.0% to €184.2m
    • Marked improvement in margin on operating activities, up 585bps to 12.0% of revenue (€41.3m)
    • ARR increased year-on-year by 11.8% at Axway and 10.9% at SBS, further strengthening recurring revenues

    74Software’s Board of Directors, chaired by Pierre Pasquier, approved today the financial statements for the first half of 2025, which were subject to a limited review by the statutory auditors1. Consequently, 74Software announces:

    Half-Year Key Income Statement Items
                       
        Half-year 2025   Half-year 2024
    Proforma
    6M AXW + 6M SBS    		   Half-year 2024
    Reported
    Axway Standalone
        €m % of Rev.   €m % of Rev.   €m % of Rev.
    TOTAL REVENUE   344.0     323.9     148.7  
    GROSS PROFIT   228.1 66.3%   206.8 63.9%   104.7 70.5%
    PROFIT ON OPERATING ACTIVITIES   41.3 12.0%   19.9 6.1%   17.1 11.5%
    OPERATING PROFIT   19.5 5.7%   2.6 0.8%   8.3 5.6%
    NET PROFIT   5.8 1.7%   -15.6 -4.8%   2.8 1.9%
    EARNINGS PER SHARE   0.20 €     -0.54 €     0.13 €  

    Patrick Donovan, Chief Executive Officer, stated:

    “Our H1 results confirm our strong start to the year and demonstrate both the strength of our strategic direction and our ability to execute in-line with our stated plans. As noted in our Q1 press release, the solid early execution front-loads part of the year’s commercial activity— especially in the Axway business. We remain fully committed to our full-year guidance and, more broadly, to our 2027 and 2028 ambitions. Axway is now firmly established as a subscription-first business, while SBS is rapidly scaling its modular banking platforms and expanding its SaaS footprint. With recurring revenue accelerating and capital deployment tightly managed, 74Software is becoming a more structured, resilient, and forward-looking group — built to deliver long-term value creation.”

    Comments on H1 2025 activity

    74Software delivered a strong first-half performance, confirming its ability to execute on its strategic roadmap and capitalize on the operational integration initiated following the transaction closing in September 2024. Revenue growth was solid in both brands, while profitability improved as planned — reflecting the strength of the Group’s model and the improved execution driven by Axway’s infrastructure software expertise and SBS’s leadership in banking software.

    Following a particularly dynamic Q1, the second quarter allowed the Group to consolidate its gains, maintain commercial selectivity, and further shift toward a recurring, scalable revenue model. Axway has now largely transitioned, while SBS continues to advance its own transformation, expanding SaaS deployments and rebalancing its revenue mix in favor of product revenue. Key highlights for the period include:

    • Axway recorded a strong first half, with consistent growth across all product lines. Nearly 60 new customers were signed during the period (+20% year-on-year), with new-name deals accounting for around one-third of Q2 bookings. Large-scale projects gained momentum, including six contracts exceeding €1 million signed in Q2 alone. Demand for cloud-based delivery continued to rise, with Axway-managed deployments representing 40% of Q2 bookings and 35% over the first half. This shift was broad-based, with steady adoption across all geographies and industry verticals.
    • SBS also reported strong results, with product revenue now accounting for 75% of total revenue, up from 67% in H1 2024 — marking significant progress in the company’s shift toward a software-led model. Growth was supported by all product lines, including solid license activity in integrated platforms, components, and financing solutions, as well as continued expansion of modular offerings. The company has now contracted more than 230 SaaS regulatory reporting services, reinforcing adoption across its client base. During the period, SBS welcomed several new clients and completed the first SaaS deployment of its digital engagement platform in Europe. Two additional implementations are scheduled for the third quarter in Africa, where demand is driven by microfinance and Islamic banking. The company’s progress was also recognized through multiple industry awards highlighting its leadership in compliance, payments, and digital banking.

    The Group enters H2 with improving visibility, disciplined execution, and a clear focus on delivering its full-year objectives. Integration of support functions between Axway and SBS is now largely complete, and joint commercial initiatives are steadily expanding across selected regions.

    Comments on H1 2025 operational performance

    Half-year Revenue Breakdown by Portfolio Brand
               
      H1 2025 H1 2024
    Proforma    		 H1 2024
    Restated    		 Total
    Growth    		 Organic
    Growth
    €m / %
    Axway Scope 160.8 148.7 147.6 8.1% 8.9%
    SBS Scope 184.2 175.2 175.4 5.1% 5.0%
               
    Consolidation -1.0 0.0 0.0 – –
               
    74Software 344.0 323.9 323.0 6.2% 6.5%

    In the first half of 2025, the Group generated revenue of €344.0 million, reflecting total growth of 6.2% and organic growth of 6.5% year-on-year. This performance was supported by both brands, with Axway contributing €160.8 million in revenue and organic growth of 8.9%, and SBS contributing €184.2 million with 5.0% organic growth (compared to proforma H1 2024).

    Half-year Revenue Breakdown by Type
               
      H1 2025 H1 2024
    Proforma    		 H1 2024
    Restated    		 Total
    Growth    		 Organic
    Growth
    €m / %
    Product revenue 280.0 248.7 248.1 12.6% 12.9%
    Recurring revenue 258.0 229.3 228.7 12.5% 12.8%
    o/w Maintenance & Support 91.5 96.2 96.0 -4.9% -4.7%
    o/w Customer-managed Subscription 98.7 76.6 76.5 28.8% 29.0%
    o/w Own-managed Subscription 67.8 56.5 56.2 20.0% 20.6%
    License revenue 22.1 19.4 19.4 13.5% 13.7%
               
    Services revenue 64.0 75.2 74.9 -14.9% -14.6%
               
    Total revenue 344.0 323.9 323.0 6.2% 6.5%

    In the first half of 2025, Product revenue reached €280.0 million, up 12.9% organically, reflecting strong execution across both Axway and SBS. The Group continued to benefit from rising demand for subscription-based offers, with both customer-managed and own-managed subscriptions posting growth above 20%. Maintenance revenue declined as anticipated, while license activity increased but remained low at 6.4% of total revenue. Product revenues accounted for 81% of total revenue (up from 77% in H1 2024) and recurring revenues were at 75% of total revenue (up from 71% in H1 2024), confirming 74Software’s successful transition toward a product- and subscription-led model.

    Axway generated €143.3 million in product revenue, up 10.5% organically. Recurring activities made nearly the entire contribution, driven by a 29.5% increase in customer-managed subscriptions and 6.8% growth in own-managed deployments, reflecting continued momentum in hybrid environments. License revenue decreased by 34.9% as the company continues to phase out new license sales. Maintenance and support dropped by 20.6% due to the continued shift of the customer base towards subscription models. Services revenue was slightly lower, down 2.2%, and represented 11% of Axway’s total.

    SBS recorded €137.7 million in product revenue, up 16.3% organically, with strong performance across all product categories. Own-managed subscriptions rose by 35.2%, customer-managed subscriptions by 25.5%, and maintenance and support increased by 4.2%, supported by a growing installed base. License revenue climbed 21.2%, reflecting continued expansion of integrated and lending solutions. Recurring revenue now represents 64% of SBS’s business (up from 58% in H1 2024), with services accounting for 25% and licenses for 11%. This illustrates SBS’s continued shift from a service-led to a product-led business model.

    Group-wide, Services generated €64.0 million in the first half, or 18.6% of total revenue, down 14.6% compared to last year. This decrease mainly reflects SBS’s repositioning, while Axway’s service contribution remained stable. The difference in service trends between the two businesses stems from their respective models. Axway relies on lighter implementation cycles, whereas SBS delivers more comprehensive banking transformation programs.

    At the end of June 2025, ARR for Axway stood at €255.9 million, reflecting an organic growth of 11.8% year-on-year. SBS also continued to expand its ARR to €233.3 million, up 10.9% organically year-on-year. These solid performances confirm the effectiveness of both companies’ strategic repositioning and reinforce the Group’s revenue predictability and resilience.

    Comments on H1 2025 product line performance

    Axway, a recognized leader in application infrastructure and middleware, delivered solid momentum in the first half of 2025. All product lines contributed to growth, supported by strong commercial execution and increasing demand for cloud-based solutions:

    • Managed File Transfer remained a key contributor despite a normalization of activity following an exceptional 2024. The gradual erosion of legacy maintenance was more than offset by strong momentum in managed deployments, confirming the sustained value of Axway’s hybrid approach.
    • B2B Integration delivered robust gains across the board, benefiting from growing demand for managed solutions and early signs of successful cross-sell with SBS. The product line also saw improvements in both subscription and service revenue.
    • API Management accelerated sharply, supported by strong commercial execution and increased adoption of its integration and engagement modules. The Fusion extension also contributed positively, confirming the platform’s potential.
    • Specialized Products, including the Financial Accounting Hub, maintained steady momentum through targeted compliance and finance use cases. Recent wins via ecosystem partnerships reinforced Axway’s positioning with key accounts.

    SBS, a trusted provider of banking and financing software, posted solid growth in all product lines, confirming the strength of its modular and targeted approach as it continues its shift toward a product-led model:

    • Financing Products maintained a steady trajectory, reflecting stable demand in wholesale auto finance and UK mortgage service. Activity remained resilient despite longer decision cycles in certain regions.
      • Modular Products continued to gain traction, primarily driven by momentum in instant payments and the regulatory reporting platform. Cross-sell into the integrated base gained pace, confirming the appeal of modular architectures.
      • Integrated Products delivered consistent performance, with solid customer retention and ongoing functional improvements. In some markets, modular alternatives are beginning to complement legacy platforms, paving the way for more composable setups. SBS’ market-leading product in Africa continues to perform strongly, adding new customers as well as increasing share of wallet in its installed base.
    • Banking Components continued to gain momentum, particularly in payments, lending, and cards. The strength of customer relationships across key accounts in France continues to drive upsells.

    Comments on H1 2025 profit on operating activities

    Profit on Operating Activities – Group
                       
        H1 2025   H1 2024
    Proforma    		   Change
        €m % of Rev.   €m % of Rev.   €m Basis Points
    Product revenue   280.0 81.4%   248.7 76.8%   + 31.3 + 461
    Services revenue   64.0 18.6%   75.2 23.2%   – 11.2 – 461
    Total revenue   344.0     323.9     + 20.1  
    Total costs of revenue   115.9     117.1     – 1.2  
    GROSS PROFIT   228.1 66.3%   206.9 63.9%   + 21.2 + 243
    o/w product gross profit   217.9 77.8%   191.7 77.0%   + 26.2 + 75
    o/w services gross profit   10.2 15.9%   15.2 20.2%   – 5.0 – 422
    Operating expenses   186.8 54.3%   186.9 57.7%   – 0.1 – 341
    o/w research & development   93.2 27.1%   95.0 29.3%   – 1.8 – 224
    o/w sales & marketing   62.8 18.3%   62.3 19.2%   + 0.5 – 96
    o/w general & administrative   30.8 8.9%   29.6 9.1%   + 1.1 – 20
    PROFIT ON OPERATING ACTIVITIES   41.3 12.0%   19.9 6.1%   + 21.4 + 585
    Net Capitalisation of R&D   8.4 2.4%   9.1 2.8%   – 0.8 – 39
    in % of gross R&D   8.2%     8.8%     -0.5%  

    In H1 2025, profit on operating activities reached €41.3 million, representing a margin of 12.0% of revenue, compared with 6.1% in H1 2024. This sharp improvement reflects strong gross profit expansion, driven by a more favorable revenue mix and tight cost control across operating expenses with all lines showing year-on-year efficiencies. Gross margins increased—particularly at Axway—thanks to strong bookings in customer-managed subscriptions, which generated significant upfront revenue at high margins.

    Comments on H1 2025 net profit

    Net Profit – Group
                       
        Half-year 2025   Half-year 2024
    Proforma
    6M AXW + 6M SBS    		   Half-year 2024
    Reported
    Axway Standalone
        €m % of Rev.   €m % of Rev.   €m % of Rev.
    PROFIT ON OPERATING ACTIVITIES   41.3 12.0%   19.9 6.1%   17.1 11.5%
    Share-based expenses   -6.7     -2.4     -2.9  
    Amortization of allocated intangibles   -6.2     -7.1     -1.7  
    PROFIT FROM RECURRING OPERATIONS   28.4 8.3%   10.5 3.2%   12.5 8.4%
    Other operating income and expenses   -8.9     -7.9     -4.1  
    OPERATING PROFIT   19.5 5.7%   2.6 0.8%   8.3 5.6%
    Cost of financial debt   -9.0     -8.9     -2.7  
    Other financial income and expenses   -2.2     -2.0     -0.9  
    Income tax expenses   -2.5     -7.2     -2.0  
    NET PROFIT   5.8 1.7%   -15.6 -4.8%   2.8 1.9%
    Earnings per share   0.20 €     -0.54 €     0.13 €  

    Profit from recurring operations reached €28.4 million, after accounting for the amortization of allocated intangibles and share-based expenses. This marks a substantial improvement from the H1 2024 proforma figure of €10.5 million.

    Share-based expenses increased, reflecting the inclusion of SBS in the new long-term incentive program, the Group’s strong share price performance, and higher employer social security rates in France. The purchase price allocation (PPA) related to the SBS acquisition has now been finalized. Amortization of allocated intangibles has been restated for 2024 on a pro forma basis and is expected to total €12–13 million for full-year 2025.

    After including other operating income and expenses, such as restructuring charges and non-recurring items totaling €8.9 million, operating profit amounted to €19.5 million, compared with €2.6 million on a proforma basis in H1 2024.

    Net profit for the half-year came to €5.8 million (1.7%), a significant turnaround from the €15.6 million loss recorded on a proforma basis in the prior year.

    Basic earnings per share stood at €0.20, compared with a loss of €0.54 per share in the first half of 2024 (proforma).

    Financial position on June 30, 2025

    74Software made strong progress in its deleveraging effort during H1 2025. Free cash flow was particularly robust, supported by seasonal inflows from maintenance and subscription renewals, as well as the first-time implementation of a factoring program on selected receivables. Unlevered free cash flow reached €76.4 million, enabling €42 million in debt repayments and boosting cash balances. As a result, net debt stood at €191.8 million (before IFRS 16), with a leverage ratio of 1.83x and a gearing ratio of 0.37x—achieving the full-year leverage target of below 2.0x well ahead of schedule. This deleveraging is expected to reduce interest expenses going forward. Due to seasonal patterns in cash collection, the leverage ratio is expected to remain below 2.0x through year-end, though without material further improvement.

    Shareholders’ equity stood at €512.8 million (72.8% of total capital) at June 30, 2025.

    Change in the workforce

    At June 30, 2025, the Group employed 4,679 full-time equivalents, compared with 4,787 at year-end 2024. This 2.6% reduction reflects continued disciplined workforce management across both Axway and SBS, aligned with the Group’s operational efficiency focus.

    Targets & Ambitions

    Following a strong first half, 74Software confirms its full-year 2025 guidance, underpinned by solid execution and front-loaded bookings. The Group continues to target revenue growth between 2% and 4%, reaching approximately €700 million, with an operating margin between 14% and 16%. Due to the first-time introduction of the factoring program, unlevered free cash flow is now expected to be at least 10% of revenue, and the leverage ratio is projected to remain below 2.0x.

    Looking ahead, 74Software reiterates its ambition to surpass €750 million in revenue by 2027 with an operating margin above 17%, and to reach around 20% by 2028 — in line with its trajectory toward a scalable, profitable, and product-led growth model.

    [ NEW TIME ] Today, Thursday, July 24, 2025, 6.00 p.m. (CEST):

    2025 HALF-YEAR RESULTS – VIRTUAL ANALYST CONFERENCE

    •  Register here or join by phone by dialing one of the numbers below:
      • France: +33 (0) 1 70 37 71 66 / USA: +1 786 697 3501 / International: +44 (0) 33 0551 0200

    Please note that the meeting will be held in English.

    Financial Calendar

    Thursday, October 30, 2025, before market opening: Publication of Q3 2025 Revenue

    Thursday, February 26, 2026, after market closing: Publication of 2025 Full-Year Results

    Glossary and Alternative Performance Measures

    Axway ARR: Annual Recurring Revenue – Expected annual billing amounts from all active maintenance and subscription agreements.

    SBS ARR: Annual Recurring Revenue – Monthly recurring revenue (MRR) for the last month of the reporting period multiplied by 12. Where contracts are affected by seasonality or contracted volume-based elements, the last 12 months of revenue are aggregated in determining ARR. Expected recurring revenue from contracts signed but not yet active are not included in ARR.

    NPS: Net Promoter Score – Customer satisfaction and recommendation indicator for a company.

    Organic growth: Growth in revenue between the period under review and the prior period, restated for consolidation scope and exchange rate impacts.

    Profit on operating activities: Profit from recurring operations adjusted for the non-cash share-based payment expense, as well as the amortization of allocated intangible assets.

    Proforma: Proforma measures assume the acquisition of SBS happened at the beginning of the respective reporting period.

    Restated revenue: Revenue for the prior year, adjusted for the consolidation scope and exchange rates of the current year.

    Unlevered free cash flow: Free cash flow before exceptional items and before net interest expense.

    About 74Software

    74Software is an enterprise software group founded through the combination of Axway and SBS – independently operated leaders with unique experience and capabilities to deliver mission-critical software for a data driven world. A pioneer in enterprise integration solutions for 25 years, Axway supports major brands and government agencies around the globe with its core line of MFT, B2B, API, and Financial Accounting Hub products. SBS empowers banks and financial institutions to reimagine tomorrow’s digital experiences with a composable cloud-based architecture that enables deposits, lending, compliance, payments, consumer, and asset finance services and operations to be deployed worldwide. 74Software serves more than 11,000 companies, including over 1,500 financial service customers. To learn more, visit 74Software.com

    Contacts – Investor Relations:

    Arthur Carli – +33 (0)1 47 17 24 65 – acarli@74software.com

    Chloé Chouard – +33 (0)1 47 17 21 78 – cchouard@74software.com

    Appendices (1/5)

    Income Statement – Group
                       
        Half-year 2025   Half-year 2024
    Proforma
    6M AXW + 6M SBS    		   Half-year 2024
    Reported
    Axway Standalone
        €m % of Rev.   €m % of Rev.   €m % of Rev.
    TOTAL REVENUE   344.0     323.9     148.7  
    Total costs of revenue   -115.9     -117.1     -44.0  
    GROSS PROFIT   228.1 66.3%   206.9 63.9%   104.7 70.5%
    Operating expenses   -186.8     -186.9     -87.6  
    PROFIT ON OPERATING ACTIVITIES   41.3 12.0%   19.9 6.1%   17.1 11.5%
    Share-based expenses   -6.7     -2.4     -2.9  
    Amortization of allocated intangibles   -6.2     -7.1     -1.7  
    PROFIT FROM RECURRING OPERATIONS   28.4 8.3%   10.5 3.2%   12.5 8.4%
    Other operating income and expenses   -8.9     -7.9     -4.1  
    OPERATING PROFIT   19.5 5.7%   2.6 0.8%   8.3 5.6%
    Cost of financial debt   -9.0     -8.9     -2.7  
    Other financial income and expenses   -2.2     -2.0     -0.9  
    Income tax expenses   -2.5     -7.2     -2.0  
    NET PROFIT   5.8 1.7%   -15.6 -4.8%   2.8 1.9%
    Earnings per share   0.20 €     -0.54 €     0.13 €  
    Simplified Balance Sheet                    
                         
    in €m   H1 2025
    IFRS
    Consolidated    		 FY 2024
    IFRS Consolidated    		 Change   in €m   H1 2025
    IFRS
    Consolidated    		 FY 2024
    IFRS Consolidated    		 Change
    Accounts receivables   246.7 293.5 – 46.8   Cash & cash equivalents   -57.8 -41.4 – 16.4
    Other current assets   123.3 101.9 + 21.4   Financial debt   249.6 291.8 – 42.2
    Accounts payables   -34.1 -28.7 – 5.4   Net debt   191.8 250.4 – 58.6
    Deferred revenue   -138.2 -88.6 – 49.6   Equity   512.8 532.4 – 19.6
    Other current liabilities   -137.2 -158.0 + 20.8   CAPITAL EMPLOYED   704.6 782.8 – 78.2
    Net working capital   60.5 120.1 – 59.7            
    Tangible fixed assets   20.9 25.0 – 4.1            
    Goodwill   523.1 497.4 + 25.7       H1 2025
    IFRS
    Consolidated    		 FY 2024
    IFRS Consolidated    		 Change
    Other intangibles   132.1 192.3 – 60.2      
    Fixed assets   676.1 714.7 – 38.6   Ratios  
    Other assets   100.2 78.1 + 22.1   DSO (days)   121 145 -24
    Other liabilities   -132.1 -130.1 – 2.0   Net debt / total capital   27.2% 32.0% – 4.8%
    Other assets – liabilities   -31.9 -52.0 + 20.1   Equity / total capital   72.8% 68.0% + 4.8%
    INVESTED ASSETS   704.5 782.8 – 78.4            
    Cash Flow Statement              
                   
      H1 2025   H1 2024   Change Axway
    H1 25 vs. H1 24
    in €m 74Software SBS Axway   Axway Standalone  
    Operating cashflow 89.6 35.8 53.9   15.0   + 38.8
    o/w change in NWC 55.0 29.4 25.6   2.6   + 23.1
    o/w other operating cashflow 34.6 6.4 28.2   12.5   + 15.7
    Investing cashflow -14.2 -9.8 -4.4   -2.7   – 1.6
    o/w PP&E & others -5.0 -0.6 -4.4   -2.7   – 1.7
    o/w capitalized R&D -9.2 -9.2 0.0   0.0   0.0
    Financing cashflow -58.1 -14.6 -43.4   -12.6   – 30.8
    o/w debt repayment -42.0 0.0 -42.0   0.0   – 42.0
    o/w other financing cashflow -16.1 -14.6 -1.4   -12.6   + 11.2
    NET CHANGE IN CASH 16.2 11.1 5.1   -0.2   + 5.3
                   
    Unlevered free cashflow 76.4 29.0 47.4   13.9   + 33.5
    as a % of revenue 22.2% 15.7% 29.5%   9.4%   + 20.1%

    Appendices (2/5)

    Profit on Operating Activities – Axway
                       
        H1 2025
    Axway    		   H1 2024
    Reported
    Axway    		   Change
        €m % of Rev.   €m % of Rev.   €m Basis Points
    Product revenue   143.3 89.1%   130.5 87.8%   + 12.8 + 134
    Services revenue   17.5 10.9%   18.2 12.2%   – 0.7 – 134
    Total revenue   160.8     148.7     + 12.1  
    Total costs of revenue   40.3     44.0     – 3.7  
    GROSS PROFIT   120.5 74.9%   104.7 70.4%   + 15.8 + 451
    o/w product gross profit   119.3 83.2%   104.6 80.2%   + 14.7 + 308
    o/w services gross profit   1.2 7.0%   0.1 0.6%   + 1.1 + 644
    Operating expenses   93.8 58.4%   87.6 58.9%   + 6.2 – 58
    o/w research & development   32.6 20.3%   31.2 21.0%   + 1.4 – 69
    o/w sales & marketing   43.0 26.8%   41.8 28.1%   + 1.2 – 137
    o/w general & administrative   18.2 11.3%   14.6 9.8%   + 3.6 + 148
    PROFIT ON OPERATING ACTIVITIES   26.7 16.6%   17.1 11.5%   + 9.6 + 508
    Profit on Operating Activities – SBS
                       
        H1 2025
    SBS    		   H1 2024
    Proforma
    SBS    		   Change
        €m % of Rev.   €m % of Rev.   €m Basis Points
    Product revenue   137.7 74.8%   118.2 67.5%   + 19.5 + 729
    Services revenue   46.5 25.2%   57.0 32.5%   – 10.5 – 729
    Total revenue   184.2     175.2     + 8.9  
    Total costs of revenue   76.6     73.1     + 3.5  
    GROSS PROFIT   107.6 58.4%   102.1 58.3%   + 5.5 + 14
    o/w product gross profit   98.6 71.6%   87.1 73.6%   + 11.5 – 202
    o/w services gross profit   9.0 19.3%   15.1 26.4%   – 6.1 – 710
    Operating expenses   93.0 50.5%   99.3 56.7%   – 6.3 – 619
    o/w research & development   60.6 32.9%   63.8 36.4%   – 3.3 – 354
    o/w sales & marketing   19.8 10.7%   20.5 11.7%   – 0.7 – 93
    o/w general & administrative   12.6 6.8%   15.0 8.6%   – 2.4 – 173
    PROFIT ON OPERATING ACTIVITIES   14.6 7.9%   2.8 1.6%   + 11.8 + 633
    Quarterly Revenue Breakdown by Portfolio Brand
                 
        Q1 2025   Q2 2025   H1 2025
    €m      
    Axway Scope   82.5   78.3   160.8
    SBS Scope   88.3   95.8   184.2
                 
    Consolidation   -0.4   -0.6   -1.0
                 
    74Software   170.4   173.5   344.0

    Appendices (3/5)

    Quarterly Revenue Breakdown by Type
                 
        Q1 2025   Q2 2025   H1 2025
    €m / %      
    Product revenue   139.1   141.0   280.0
    Recurring revenue   129.5   128.4   258.0
    o/w Maintenance & Support   47.0   44.5   91.5
    o/w Customer-managed Subscription   48.6   50.1   98.7
    o/w Own-managed Subscription   34.0   33.8   67.8
    License revenue   9.5   12.5   22.1
                 
    Services revenue   31.3   32.6   64.0
                 
    Total revenue   170.4   173.6   344.0
    Quarterly Revenue Breakdown by Type – Axway
                 
        Q1 2025   Q2 2025   H1 2025
    €m / %      
    Product revenue   73.4   69.8   143.3
    Recurring revenue   72.1   69.5   141.6
    o/w Maintenance & Support   14.4   12.8   27.2
    o/w Customer-managed Subscription   43.7   43.2   87.0
    o/w Own-managed Subscription   13.9   13.4   27.4
    License revenue   1.3   0.4   1.7
                 
    Services revenue   9.0   8.5   17.5
                 
    Total revenue – Axway   82.5   78.3   160.8
    Quarterly Revenue Breakdown by Type – SBS
                 
        Q1 2025   Q2 2025   H1 2025
    €m / %      
    Product revenue   66.0   71.7   137.7
    Recurring revenue   57.9   59.5   117.3
    o/w Maintenance & Support   32.5   31.7   64.2
    o/w Customer-managed Subscription   4.9   6.9   11.7
    o/w Own-managed Subscription   20.5   20.9   41.4
    License revenue   8.2   12.2   20.4
                 
    Services revenue   22.3   24.2   46.5
                 
    Total revenue SBS   88.3   95.8   184.2

    Appendices (4/5)

    Half-year Revenue Breakdown by Portfolio Brand & Type      
                     
        H1 2025
    Axway    		   H1 2025
    SBS    		   H1 2025
    Consolidation    		   H1 2025
    74Software
    €m / %        
    Product revenue   143.3   137.7   -1.0   280.0
    Recurring revenue   141.6   117.3   -1.0   258.0
    o/w Maintenance & Support   27.2   64.2   0.0   91.5
    o/w Customer-managed Subscription   87.0   11.7   0.0   98.7
    o/w Own-managed Subscription   27.4   41.4   -1.0   67.8
    License revenue   1.7   20.4   0.0   22.1
                     
    Services revenue   17.5   46.5   0.0   64.0
                     
    Total revenue   160.8   184.2   -1.0   344.0
    Half-year Revenue Breakdown by Portfolio Brand & Type      
                     
        H1 2024
    Axway    		   H1 2024 Proforma
    SBS    		   H1 2024 Proforma Consolidation   H1 2024 Proforma 74Software
    €m / %        
    Product revenue   130.5   118.2   0.0   248.7
    Recurring revenue   127.9   101.4   0.0   229.3
    o/w Maintenance & Support   34.6   61.6   0.0   96.2
    o/w Customer-managed Subscription   67.3   9.3   0.0   76.6
    o/w Own-managed Subscription   25.9   30.5   0.0   56.5
    License revenue   2.6   16.8   0.0   19.4
                     
    Services revenue   18.2   57.0   0.0   75.2
                     
    Total revenue   148.7   175.2   0.0   323.9
    Half-year Revenue Breakdown by Region
                 
      H1 2025 H1 2024
    Proforma    		 H1 2024
    Restated    		 Total
    Growth    		 Organic
    Growth
     
      €m % of Rev.
    Europe 208.1 60.5% 203.0 203.2 2.5% 2.4%
    o/w France 99.5 28.9% 99.7 99.7 -0.2% -0.2%
    o/w UK 46.7 13.6% 44.8 45.0 4.3% 3.7%
    Americas 73.3 21.3% 65.6 64.6 11.7% 13.5%
    Middle East & Africa 43.1 12.5% 39.3 39.3 9.7% 9.7%
    Asia & Pacific 19.4 5.7% 15.9 15.8 22.0% 22.7%
                 
    74Software 344.0   323.9 323.0 6.2% 6.5%

    Appendices (5/5)

    Headcount
           
      30/06/2025 31/12/2024 Change
    Europe 3.001 3.090 -89
    Americas 370 378 -8
    Asia – Pacific 869 882 -13
    Middle East – Africa 439 437 2
           
    TOTAL 4.679 4.787 -108
    Impact on Half-year Revenue of Changes in Scope and Exchange Rates
           
    €m / % H1 2025 H1 2024 Growth
    Revenue 344.0 148.7 + 131.4%
    Changes in exchange rates   -0.9  
    Revenue at constant exchange rates 344.0 147.7 + 132.8%
    Changes in scope   +175.2  
    Revenue at constant scope and exchange rates 344.0 323.0 + 6.5%
    Changes in Main Exchange Rates
           
    For 1€ Average Rate
    H1 2025    		 Average rate
    H1 2024    		 Change
    US Dollar 1.093 1.081 – 1.1%
    Great Britain Pound 0.842 0.855 + 1.5%

    1 The interim consolidated financial statements were subject to limited review procedures.

    Attachment

    • 24072025_74Software_PR_H1 Results 2025_English_VFinal

    The MIL Network –

    July 25, 2025

  • MIL-OSI Africa: What makes a person cool? Global study has some answers

    Source: The Conversation – Africa – By Todd Pezzuti, Associate Professor, Business School, Universidad Adolfo Ibáñez

    From Lagos to Cape Town, Santiago to Seoul, people want to be cool. “Cool” is a word we hear everywhere – in music, in fashion, on social media. We use it to describe certain types of people.

    But what exactly makes someone cool? Is it just about being popular or trendy? Or is there something deeper going on?

    In a recent study I conducted with other marketing professors, we set out to answer a simple but surprisingly unexplored question. What are the personality traits and values that make someone seem cool – and do they differ across cultures?

    We asked nearly 6,000 people from 12 countries to think of someone they personally knew who was “cool”, “not cool”, “good”, or “not good”. Then we asked them to describe that person’s traits and values using validated psychological measures. We used this data to examine how coolness differs from general likeability or morality.

    Read more: What makes a person seem wise? Global study finds that cultures do differ – but not as much as you’d think

    The countries ranged from Australia to Turkey, the US to Germany, India to China, Nigeria to South Africa.

    Our data showed that coolness is uniquely associated with the same six traits around the world: cool people tend to be extroverted, hedonistic, adventurous, open, powerful, and autonomous.

    These findings help settle a long debate about what it means to be cool today.

    A brief history of cool

    Early writing on coolness described it as emotional restraint: being calm, composed and unbothered. This view, rooted in the metaphor of temperature and emotion, saw coolness as a sign of self-control and mastery.

    Some of these scholars trace this form of cool to slavery and segregation, where emotional restraint was a survival strategy among enslaved Africans and their descendants, symbolising autonomy and dignity in the face of oppression. Others propose “cool” restraint existed long before slavery.

    Regardless, jazz musicians in the 1940s first helped popularise this cool persona – relaxed, emotionally contained, and stylish – an image later embraced by youth and various countercultures. Corporations like Nike, Apple and MTV commercialised cool, turning a countercultural attitude into a more commercially friendly global aesthetic.

    This is what makes someone cool

    Our findings suggest that the meaning of cool has changed. It’s a way to identify and label people with a specific psychological profile.

    Cool people are outgoing and social (extroverted). They seek pleasure and enjoyment (hedonistic). They take risks and try new things (adventurous). They are curious and open to new experiences (open). They have influence or charisma (powerful). And perhaps most of all, they do things their own way (autonomous).

    This finding held remarkably steady across countries. Whether you’re in the US, South Korea, Spain or South Africa, people tend to think that cool individuals have this same “cool profile”.

    We also found that even though coolness overlaps with being good or favourable, being cool and being good are not the same. Being kind, calm, traditional, secure and conscientious were more associated with being good than cool. Some “cool” traits were not necessarily good at all, like extroversion and hedonism.

    What about South Africa and Nigeria?

    One of the most fascinating aspects of our study was seeing how consistent the meaning of coolness was across cultures – even in countries with very different traditions and values.

    In South Africa, participants viewed cool people as extroverted, hedonistic, powerful, adventurous, open and autonomous – just like participants from Europe to Asia. In South Africa, however, coolness is especially distinct from being good. South Africa is one of the countries in which being hedonistic, powerful, adventurous and autonomous was much more cool than good.

    Read more: Which African countries are flourishing? Scientists have a new way of measuring well-being

    Nigeria was the only country in which cool and uncool people were equally autonomous. So basically, individuality wasn’t seen as cool. That difference might reflect cultural values that place a greater emphasis on community, respect for elders, or collective identity. In places where tradition and hierarchy matter, doing your own thing might not be cool.

    Social sciences, like all science, however, are not perfect. So, it’s reasonable to speculate that autonomy might still be cool in Nigeria, with the discrepancy resulting from methodological issues such as how the Nigerian participants interpreted and responded to the survey.

    Nigeria was also unique because the distinction between cool and good wasn’t as notable as in other countries. So coolness was seen more as goodness than in the other countries.

    Why does this matter?

    The fact that so many cultures agree on what makes someone cool suggests that “coolness” may serve a shared social function. The traits that make people cool may make them more likely to try new things, innovate new styles and fashions, and influence others. These individuals often push boundaries and introduce new ideas – in fashion, art, politics, or technology. They inspire others and help shape what’s seen as modern, desirable, or forward-thinking.

    Coolness, in this sense, might function as a kind of cultural status marker – a reward for being bold, open-minded and innovative. It’s not just about surface style. It’s about signalling that you’re ahead of the curve, and that others should pay attention.

    So what can we learn from this?

    For one, young people in South Africa, Nigeria, and around the world may have more in common than we often think. Despite vast cultural differences, they tend to admire the same traits. That opens up interesting possibilities for cross-cultural communication, collaboration and influence.

    Second, if we want to connect with or inspire others – whether through education, branding, or leadership – it helps to understand what people see as cool. Coolness may not be a universal virtue, but it is a universal currency.

    And finally, there’s something reassuring in all this: coolness is not about being famous or rich. It’s about how you live. Are you curious? Courageous? True to yourself? If so, chances are someone out there thinks you’re cool – no matter where you’re from.

    – What makes a person cool? Global study has some answers
    – https://theconversation.com/what-makes-a-person-cool-global-study-has-some-answers-261266

    MIL OSI Africa –

    July 25, 2025

  • PM Modi, UK PM meet industry leaders following India-UK trade pact

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi and UK Prime Minister Keir Starmer met top business leaders from India and the United Kingdom on Thursday, following the signing of the historic India-UK Comprehensive Economic and Trade Agreement (CETA).

    Captains of industry from diverse sectors such as healthcare, pharmaceuticals, gems and jewellery, automobiles, energy, manufacturing, telecom, technology, IT, logistics, textiles, and financial services participated in the meeting. These sectors play a vital role in job creation and inclusive economic development across both countries.

    During the interaction, the two leaders acknowledged the growing momentum in bilateral trade and investment relations in recent years. They urged businesses to fully utilise the opportunities arising from the new trade pact, which is expected to significantly boost economic cooperation, investment flows, and innovation exchange.

    Both leaders reaffirmed their shared commitment to advancing economic growth through stronger bilateral collaboration. They observed that the CETA would not only strengthen business confidence in both economies but also contribute to the broader global economic landscape.

    As part of the engagement, Prime Minister Modi and Prime Minister Starmer visited a special showcase displaying flagship products and technological innovations from both countries. The exhibition featured high-quality consumer goods, gems and jewellery, engineering products, and advanced tech solutions, reflecting the dynamic capabilities of Indian and UK industries.

    Business leaders from both sides welcomed the agreement and voiced optimism about its impact. They said the CETA would usher in a new era in the India-UK Comprehensive Strategic Partnership, with enhanced cooperation not only in trade and economic sectors but also in emerging fields such as education, innovation, research, and healthcare.

    July 25, 2025

  • MIL-OSI Canada: Province strengthens local evacuation routes, public notification planning

    Source: Government of Canada regional news

    The public notification and evacuation route planning funding stream of the Community Emergency Preparedness Fund (CEPF) supports projects that develop or update evacuation route plans and/or public notification plans. This funding is provided by the Province and is administered through the Union of British Columbia Municipalities (UBCM).

    Local governments and First Nations throughout B.C. will receive nearly $2 million from the public notification and evacuation route planning (PNERP) funding stream as follows:

    Alert Bay – Review hazard and vulnerability assessment, develop evacuation route plan and develop a public information process.
    Amount: $46,844
    Sub-applicant: ‘Na̲mg̲is First Nation

    Capital Regional District – Review and update evacuation planning guides and develop evacuation maps for Salt Spring Island, Southern Gulf Islands, Pacheedaht First Nation and Juan de Fuca.
    Amount: $40,000

    Central Coast Regional District – Develop a comprehensive emergency and disaster communications plan, conduct a gap analysis, identify multi-channel notification tools and provide staff training to enhance public alerting and responder co-ordination.
    Amount: $40,000

    Coldstream – Develop evacuation route and public notification plans for people, livestock and movement of property to a safe location.
    Amount: $40,000

    Columbia Shuswap Regional District – Update the Salmon Arm evacuation route plan within the Shuswap Emergency Program and enhance evacuation guidance for high-risk communities.
    Amount: $39,816
    Sub-applicant: Salmon Arm

    Cook’s Ferry Indian Band – Develop evacuation route and notification plans, identifying routes and transport modes and outlining emergency alert strategies.
    Amount: $40,000

    Cowichan Valley Regional District – Develop evacuation route plans to address high-risk communities.
    Amount: $160,000
    Sub-applicants: Duncan; North Cowichan; Ladysmith

    Delta – Create a public notification strategy, establish multi-channel alerts, partner with neighbouring First Nations and run a readiness exercise.
    Amount: $40,000

    Dzawada’enuxw First Nation – Create comprehensive evacuation route and public notification plans for Kingcome Inlet, including route mapping, multi-modal evacuation strategies, stakeholder co-ordination and community education.
    Amount: $40,000

    Fort St. James – Update the evacuation route plan, assess routes for alternative highway access and develop a multi-channel public notification plan integrated with an emergency alert system.
    Amount: $40,000

    Fraser Valley Regional District – New evacuation route plan for Boston Bar Electoral Area A.
    Amount: $40,000

    Gitxaala Nation – Ladm gyina sguuyu Gyinasguu sumsxsit Leave Something Good Behind: Update evacuation route and public notification plans using technologies and cultural knowledge, including identifying a new route to higher ground and planning for air and water evacuations.
    Amount: $40,000

    Granisle – Update evacuation route and public notification plans by mapping routes and transport options, integrating early warning tools, engaging the community and testing the plan with a tabletop exercise.
    Amount: $40,000

    Huu-ay-aht First Nations – Develop a clear evacuation route plan including identifying, mapping and capacity of available routes for residents and visitors.
    Amount: $36,193

    Kimberley – Develop an evacuation route plan, outlining route capacity, timelines, control points and best practices.
    Amount: $40,000

    Kitasoo Xai’xais Nation – Develop new evacuation route and public notification plans.
    Amount: $40,000

    Kootenay-Boundary Regional District – Develop water-based evacuation route plans for boat-only residents on Christina Lake using best practices from the 2023 North Shuswap evacuations.
    Amount: $40,000

    Lake Country – Align the municipal evacuation route and notification plan with the regional plan by collaborating with neighbours and Indigenous partners and adding geographic information system (GIS) mapping support.
    Amount: $40,000

    Langley Township – Update evacuation route plan, integrating BC Alerting technology, and update the public notification plan and tabletop exercises.
    Amount: $40,000

    Lheidli-T’enneh First Nation – Develop and implement a new evacuation route plan, including community consultations.
    Amount: $29,320

    Lions Bay – Develop a comprehensive new evacuation route plan, targeted public notification plan, community education, and evacuation drills.
    Amount: $40,000

    McLeod Lake Indian Band – Update evacuation route plan and evacuation communications strategy.
    Amount: $35,000

    Merritt – Develop new evacuation route and public notification plans based on lived experiences of residents.
    Amount: $40,000

    Metchosin – Develop a public notification plan that integrates the Earthquake Early Warning system, multi-channel alerts, stakeholder co-ordination and exercise testing.
    Amount: $40,000

    Nelson – Update evacuation route and public notification plans, including GIS mapping enhancements and a multi-agency tabletop exercise.
    Amount: $40,000

    North Okanagan Regional District – Update the evacuation route plan and the public notification plan for Electoral Areas B and C to reflect growth and integrate Indigenous and neighbouring communities with consistent messaging.
    Amount: $40,000

    Northern Rockies Regional Municipality – Develop a crisis communication plan with staff training resources, mapping and communications.
    Amount: $31,900

    Regional District of Okanagan-Similkameen – Update evacuation route and public notification plans with improved GIS mapping, updated hazard data and stakeholder engagement to ensure plans meet community evacuation needs.
    Amount: $160,000
    Sub-applicants: Osoyoos; Keremeos; Summerland

    Peace River Regional District – Develop new evacuation route plan and update the public notification plan.
    Amount: $40,000

    Pemberton – Update the Pemberton Valley evacuation route plan with current census data and expand its scope to include social and broader emergency management factors.
    Amount: $41,000
    Sub-applicant: Squamish-Lillooet Regional District

    Penticton – Create a public notification and communications plan with workshops and a tabletop exercise, and update the evacuation route plan with mapping, traffic data and alternative transport options.
    Amount: $40,000

    Port McNeill – Create new evacuation route and public notification plans for low-lying, sea-level-rise and tsunami-vulnerable areas, including detailed route mapping, regional connectivity and stakeholder engagement.
    Amount: $38,400

    Pouce Coupe – Develop new evacuation route and public notification plans, mapping safe corridors and co-ordinating alert strategies with community partners.
    Amount: $39,750

    qathet Regional District – Updating evacuation route plans and the community’s public notification plan.
    Amount: $40,000

    shíshálh Nation – Update the evacuation route plan, including running a tabletop exercise with Chief, council and administration.
    Amount: $40,000

    Sts’ailes – Develop a new evacuation route master plan.
    Amount: $40,000

    Tla’amin Nation – Update the evacuation route plan, which includes identification and capacity of available routes, collaboration, modes of transportation and methods of evacuation.
    Amount: $36,000

    Tsawwassen First Nation – Develop new evacuation route and public notification plans, collaborating with neighbouring jurisdictions and revising relevant local plans and policies.
    Amount: $40,000

    Tseshaht First Nation – Develop a new public notification and evacuation route plan tailored to Tseshaht First Nation’s evacuation needs, cultural context, infrastructure and communication preferences.
    Amount: $40,000

    Tsleil-Waututh Nation (TWN) – Develop a new evacuation route plan with mapping, workshops and resources, engaging with community knowledge keeper and across TWN departments.
    Amount: $40,000

    West Kelowna – Developing a new evacuation route plan by evaluating the evacuation capacity of the Glenrosa area, includes reviewing alternate roads and exit routes to ensure residents can leave quickly and safely.
    Amount: $39,620

    Witset First Nation – Update the evacuation route and public notification plans to ensure timely evacuations and clear information sharing during emergencies.
    Amount: $40,000

    MIL OSI Canada News –

    July 25, 2025

  • MIL-OSI: Cre8 Enterprise Limited Announces Closing of Initial Public Offering

    Source: GlobeNewswire (MIL-OSI)

    Hong Kong, July 24, 2025 (GLOBE NEWSWIRE) — Cre8 Enterprise Limited (Nasdaq: CRE) (the “Company”), a Hong Kong-based integrated financial printing service provider, today announced the closing of its initial public offering (the “Offering”) of 1,450,000 Class A ordinary shares (the “Class A Ordinary Shares”) at a price of $4.00 per share (the “Offering Price”).

    The Class A Ordinary Shares commenced trading on the Nasdaq Capital Market on July 23, 2025 under the ticker symbol “CRE.”

    The Company received gross proceeds of approximately $5.8 million from the Offering, before deducting underwriting discounts and other related expenses. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 217,500 Class A Ordinary Shares of the Company, at the Offering Price, representing 15% of the Class A Ordinary Shares sold in the Offering (the “Over-allotment”). 

    The Company intends to use the net proceeds for upgrading the Company’s office in the Central District in Hong Kong and expanding its business, expanding its workforce and staff training, upgrading and/or acquiring equipment and information technology systems, and for working capital and other general corporate purposes.

    The Offering was conducted on a firm commitment basis. American Trust Investment Services, Inc. acts as the representative of the underwriters, with Prime Number Capital, LLC acts as the co-underwriter (collectively, the “Underwriters”) for the Offering. Ortoli Rosenstadt LLP acts as U.S. securities counsel to the Company. Winston & Strawn LLP acts as the legal counsel to the Underwriters in connection with the Offering.

    A registration statement on Form F-1 relating to the Offering has been filed with the U.S. Securities and Exchange Commission (“SEC”) (File Number: 333-281629) and was declared effective by the SEC on July 22, 2025. The Offering was made only by means of a prospectus. A final prospectus relating to the Offering was filed with the SEC on July 23, 2025 and may be obtained from American Trust Investment Services, Inc. by standard mail to 1244 119th Street, Whiting, IN 46394, by telephone at +1 (219) 473-5542 or via email at IB@amtruinvest.com; or from Prime Number Capital, LLC by standard mail to Prime Number Capital, LLC, 12 E 49 St, Floor 27, New York, NY 10017, by email at info@pncps.com, or by telephone at +1 (516) 717-5671. In addition, a copy of the final prospectus relating to the Offering may be obtained via the SEC’s website at www.sec.gov.

    Before you invest, you should read the prospectus and other documents the Company has filed or will file with the SEC for more information about the Company and the Offering. This press release has been prepared for informational purposes only and shall not constitute an offer to sell or the solicitation of an offer to buy any securities, and no sale of these securities may be made in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.

    About Cre8 Enterprise Limited

    Cre8 Enterprise Limited provides 24/7 integrated financial printing services for listed companies, IPO applicants and private companies in the finance and capital market in Hong Kong under its brand, “Cre8”. The services cover concept creation and artwork design, typesetting, proofreading, translation, printing, binding, logistics arrangement, uploading or making e-submissions of customers’ financial reports and compliance documents and media placements. In addition to these core services, it has expanded its offerings to include complementary design services such as website design, branding, and content creation for marketing materials. Moreover, it is now providing technological support to its customers by disseminating and publishing announcements, circulars, financial reports, and industry news feeds through a website of its “Cre8IR” brand.

    Forward-Looking Statements

    This press release contains forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as “may, “will, “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. These forward-looking statements include, without limitation, the Company’s statements regarding its intended use of proceeds from the sale of the Company’s Class A Ordinary Shares in the Offering. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions and the completion of the initial public offering on the anticipated terms or at all, and other factors discussed in the “Risk Factors” section of the registration statement filed with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.  

    For more information, please contacts:

    Cre8 Enterprise Limited

    Email: ir@cre8corp.com
    Phone: +852 3693 2688

    The MIL Network –

    July 25, 2025

  • MIL-OSI Asia-Pac: Government and stakeholders progressively strengthen efforts to prevent chikungunya fever (with photos)

    Source: Hong Kong Government special administrative region

         Following the meeting of the Pest Control Steering Committee yesterday (July 23), the Government and stakeholders are progressively strengthening efforts to prevent chikungunya fever (CF). The Under Secretary for Environment and Ecology, Miss Diane Wong, and Assistant Director (Operations) of the Food and Environmental Hygiene Department (FEHD) Mr Wan Chi-shun visited the area around Greig Road in the Eastern District today (July 24) to inspect the enhanced CF prevention efforts in the community.
     
         According to the discussions at yesterday’s meeting, the intensified mosquito prevention and control measures by the Government and stakeholders include: constantly updating the list of mosquito infestation hotspots to adjust and plan their work based on the actual situation, to ensure that mosquito prevention and control work is prompt and effective; carrying out a new round of actions promptly following Typhoon Wipha to thoroughly eliminate mosquito breeding places, supplemented by fogging operations (i.e. ultra-low volume spraying) to eradicate adult mosquitoes; continuing to take proactive anti-mosquito measures including clearing potential breeding grounds at least once a week during the rainy season and timely co-ordinate fogging operations until the season ends.
     
         The FEHD is convening meetings of inter-departmental task forces on anti-mosquito work through its District Environmental Hygiene Offices to strengthen mosquito control work with district stakeholders, including to remove accumulated water and carry out mosquito prevention and control work in target areas that have drawn particular concern, such as public markets, cooked food centres and hawker bazaars, single-block buildings, streets and back lanes, common parts of buildings, village houses, construction sites, vacant sites and road works sites. The FEHD will also call on property managements to properly repairs their premises so as to minimise mosquito breeding places. Furthermore, regular ultra-low volume fogging operations have been conducted since the onset of the rainy season. The FEHD will continue to provide departments and the industry with professional advice and technical support to assist them in formulating and implementing effective anti-mosquito measures swiftly. At the same time, the FEHD will strengthen publicity and public education.
     
         The survey area inspected today recorded gravidtrap indices reaching Level 3 alert level in May and June this year, indicating  extensive distribution of Aedes albopictus mosquitoes. The FEHD has been collaborating with relevant departments and stakeholders to strengthen mosquito prevention and control work in areas under their purview, including eliminating mosquito breeding places, applying larvicides, conducting fogging operations to eradicate adult mosquitoes, and ensuring that mosquito trapping devices at appropriate locations are operating properly. The first-phase gravidtrap index for this survey area in July has dropped to 5.8 per cent.
     
         Apart from the co-ordination mechanism at district level, the Environment and Ecology Bureau will also convene a meeting with stakeholders under the regular meeting mechanism for pest control. During the meeting, the Centre for Health Protection of the Department of Health will present the latest situation of chikungunya fever and responsive measures to be taken by the public. The 15 organisations or institutions participating in this mechanism include the Hong Kong Housing Society, Link, People’s Place, the Hong Kong Property Services Alliance, the Hong Kong Association of Property Management Companies, the Federation of Hong Kong Property Management Industry, the Hong Kong Association of Property Services Agents, the Pest Control Personnel Association of Hong Kong, the Hong Kong Pest Management Association, the Federation of Hong Kong, Kowloon, New Territories Hawker Associations, the Hong Kong Federation of Restaurants and Related Trades, the Association for Hong Kong Catering Services Management, the Association of Restaurant Managers, the Hong Kong Construction Association, and the Hong Kong General Building Contractors Association.
     
         As the hot and rainy weather approaches, the overall risk of mosquito borne diseases may rise significantly. Recently, a considerable number of CF infection cases have been reported in neighbouring regions and some overseas countries. There is also a large number of citizens and tourists frequently travelling to and from Hong Kong and different places. If people infected with CF outside Hong Kong and is bitten by mosquitoes in Hong Kong during the infectious period, and subsequently the mosquitoes bite other people, local transmission may occur. In view of this, although there have been no CF cases in Hong Kong since 2020, the industry and the public must remain vigilant and intensify mosquito prevention and control efforts to avoid the risk of local cases.
     
         The Government again appeals to members of the public to continue working with us to take early measures to prevent and eliminate mosquitoes at home and other venues early, including inspecting their homes and surroundings to remove potential breeding places, changing water in vases, scrubbing their inner surfaces, and emptying water fromsaucers under potted plants at least once a week, properly disposing of containers such as soft drink cans and food containers, and drilling large holes in unused tyres. The FEHD also advises members of the public and property management companies to keep drains free of blockage and level all defective ground surfaces to prevent the water accumulation. They should also scrub all drains and surface sewers with alkaline detergents at least once a week to remove any mosquito eggs.
     

            

    MIL OSI Asia Pacific News –

    July 25, 2025

  • MIL-OSI Asia-Pac: Dev’t chief views restoration work

    Source: Hong Kong Information Services

    Secretary for Development Bernadette Linn toured the department of the Palace Museum undertaking the conservation of cultural relics on the second day of her visit to Beijing today.

    Accompanied by Director of Art Exhibitions China Tan Ping, Ms Linn toured the museum’s Department of Conservation & Restoration to ascertain the restoration of the relics including calligraphy and paintings, woodenware, lacquerware, clocks and watches.

    She then had lunch with Deputy Administrator of the National Cultural Heritage Administration Sun Deli to discuss co-operation on conservation and promotion of cultural relics between the Mainland and Hong Kong. She also visited the Capital Museum to gain insights into the rich history of Beijing’s urban development.

    Ms Linn also held a working meeting with Deputy Director-General of the Bureau of International Cooperation of the State-owned Assets Supervision & Administration Commission of the State Council Xie Hui.

    She gave Mr Xie an update on the development of the Northern Metropolis, including the Hong Kong Special Administrative Region Government’s work on land planning and development, infrastructure, market participation and industry introduction.

    Ms Linn said the Northern Metropolis will become the new engine for Hong Kong’s economic development and a platform for co-operation in the Greater Bay Area, providing numerous investment opportunities for Mainland enterprises, including state-owned enterprises.

    Mainland enterprises are welcome to invest in the Northern Metropolis to promote the economic co-operation between the Mainland and Hong Kong as well as the development of the region, she added.

    The development chief also called on the Ministry of Water Resources to discuss with its Vice Minister Liu Dongshun the bilateral co-operation on water management as well as comprehensive water resources management, flood prevention and emergency response.

    Ms Linn expressed gratitude to the country for providing a reliable and stable supply of Dongjiang water to Hong Kong in the past 60 years, supporting the sustainable economic development of the city and furnishing its citizens with a better living environment.

    Looking ahead, she said the Development Bureau and the Ministry of Water Resources will enhance collaboration to jointly safeguard water resources for the contribution to high-quality development of Hong Kong and the bay area.

    MIL OSI Asia Pacific News –

    July 25, 2025

  • MIL-OSI: BexBack Launches 100x Leverage, Double Deposit Bonus, and No KYC – Empowering Everyday Traders to Achieve Financial Freedom

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, July 24, 2025 (GLOBE NEWSWIRE) — As the cryptocurrency market continues its upward trajectory, BexBack Exchange is setting a new standard in accessible trading with an unprecedented offer designed to empower both new and experienced traders. In the wake of Bitcoin’s remarkable surge, BexBack introduces an enticing promotional package featuring 100x leverage, a 100% deposit bonus, and the best part – NO KYC required.

    Breaking Down Barriers for Ordinary People

    BexBack has always been committed to providing opportunities that allow anyone, regardless of experience, to access the world of cryptocurrency trading. Now, with the introduction of 100x leverage, traders can control significantly larger positions while using minimal capital, enhancing their potential profits without needing substantial upfront investment. This high leverage option makes it possible for traders to capitalize on even the smallest price fluctuations, offering greater returns in a volatile market.

    Moreover, BexBack’s 100% deposit bonus gives users the opportunity to double their initial deposits, allowing them to increase their trading capital without having to deposit additional funds. Whether you are a newcomer or a seasoned investor, this bonus is designed to maximize trading potential and enhance the ability to leverage market volatility.

    NO KYC – Fast, Secure, and Anonymous Trading

    In a significant move to improve user experience, BexBack is also eliminating the KYC (Know Your Customer) requirements, ensuring fast, secure, and anonymous trading. This means that new users can register and begin trading within minutes, without the need to undergo lengthy verification processes. This commitment to privacy ensures that BexBack users can focus entirely on maximizing their trading potential without additional administrative hurdles.

    The Power of Leverage and Bonus to Achieve Financial Freedom

    For many people, achieving financial freedom may seem like an impossible dream, but with BexBack’s tools, it’s now within reach. With the added advantage of up to 100x leverage and double deposit bonuses, ordinary traders can amplify their earnings and increase their potential returns with little initial capital. This makes high-stakes crypto futures trading more accessible than ever before, allowing anyone to turn market volatility into wealth-building opportunities.

    Why Choose BexBack?

    1. 100x Leverage – Maximize your returns with up to 100x leverage on crypto futures.
    2. 100% Deposit Bonus – Double your trading capital immediately with every deposit.
    3. NO KYC – Trade anonymously without the need for extensive verification.
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    5. Instant Activation – Get started quickly without delays and start leveraging market movements.
    6. $50 Welcome Bonus: available to new users who meet the requirements.
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    About BexBack?

    BexBack is a leading cryptocurrency derivatives platform offering up to 100x leverage on futures contracts for BTC, ETH, ADA, SOL, XRP, and over 50 other digital assets. Headquartered in Singapore, the platform also operates offices in Hong Kong, Japan, the United States, the United Kingdom, and Argentina. Like many top-tier exchanges, BexBack holds a U.S. MSB (Money Services Business) license and is trusted by more than 500,000 traders worldwide. The platform accepts users from the United States, Canada, and Europe, with zero deposit fees and 24/7 multilingual customer support, delivering a secure, efficient, and user-friendly trading experience.

    Take Control of Your Financial Future

    Whether you are looking to diversify your portfolio or dive deeper into crypto futures trading, BexBack is giving you the tools to take control of your financial future. The combination of 100x leverage, double deposit bonuses, and NO KYC opens up opportunities for everyone, regardless of their trading background.

    Sign Up Now and Start Trading on BexBack — No KYC. No Hassles. Just high-leverage trading opportunities to maximize your profits.

    Website: www.bexback.com

    Contact: business@bexback.com

    Contact:
    Amanda
    business@bexback.com

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

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

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/f963b2d1-0380-42be-ac17-2b76312bd6e7

    https://www.globenewswire.com/NewsRoom/AttachmentNg/d4cf04a6-6926-489c-a3b1-dc71e66805b5

    https://www.globenewswire.com/NewsRoom/AttachmentNg/d6a167e5-8849-415e-a701-7c9096e04c43

    https://www.globenewswire.com/NewsRoom/AttachmentNg/a978b0c8-8c1c-4dd9-a0bf-c5aea8479410

    The MIL Network –

    July 25, 2025

  • MIL-Evening Report: Keep fighting for a nuclear-free Pacific, Helen Clark warns Greenpeace over global storm clouds

    Asia Pacific Report

    Former New Zealand prime minister Helen Clark warned activists and campaigners in a speech on the deck of the Greenpeace environmental flagship Rainbow Warrior III last night to be wary of global “storm clouds” and the renewed existential threat of nuclear weapons.

    Speaking on her reflections on four decades after the bombing of the original Rainbow Warrior on 10 July 1985, she said that New Zealand had a lot to be proud of but the world was now in a “precarious” state.

    Clark praised Greenpeace over its long struggle, challenging the global campaigners to keep up the fight for a nuclear-free Pacific.

    “For New Zealand, having been proudly nuclear-free since the mid-1980s, life has got a lot more complicated for us as well, and I have done a lot of campaigning against New Zealand signing up to any aspect of the AUKUS arrangement because it seems to me that being associated with any agreement that supplies nuclear ship technology to Australia is more or less encouraging the development of nuclear threats in the South Pacific,” she said.

    “While I am not suggesting that Australians are about to put nuclear weapons on them, we know that others do. This is not the Pacific that we want.

    “It is not the Pacific that we fought for going back all those years.

    “So we need to be very concerned about these storm clouds gathering.”

    Lessons for humanity
    Clark was prime minister 1999-2008 and served as a minister in David Lange’s Labour government that passed New Zealand’s nuclear-free legislation in 1987 – two years after the Rainbow Warrior bombing by French secret agents.

    She was also head of the United Nations Development Programme (UNDP) in 2009-2017.

    “When you think 40 years on, humanity might have learned some lessons. But it seems we have to repeat the lessons over and over again, or we will be dragged on the path of re-engagement with those who use nuclear weapons as their ultimate defence,” Clark told the Greenpeace activists, crew and guests.

    “Forty years on, we look back with a lot of pride, actually, at how New Zealand responded to the bombing of the Rainbow Warrior. We stood up with the passage of the nuclear-free legislation in 1987, we stood up with a lot of things.

    “All of this is under threat; the international scene now is quite precarious with respect to nuclear weapons. This is an existential threat.”


    Nuclear-free Pacific reflections with Helen Clark         Video: Greenpeace

    In response to Tahitian researcher and advocate Ena Manuireva who spoke earlier about the legacy of a health crisis as a result of 30 years of French nuclear tests at Moruroa and Fangataufa, she recalled her own thoughts.

    “It reminds us of why we were so motivated to fight for a nuclear-free Pacific because we remember the history of what happened in French Polynesia, in the Marshall Islands, in the South Australian desert, at Maralinga, to the New Zealand servicemen who were sent up in the navy ships, the Rotoiti and the Pukaki, in the late 1950s, to stand on deck while the British exploded their bombs [at Christmas Island in what is today Kiribati].

    “These poor guys were still seeking compensation when I was PM with the illnesses you [Ena] described in French Polynesia.

    Former NZ prime minister Helen Clark . . . “I remember one of the slogans in the 1970s and 1980s was ‘if it is so safe, test them in France’.” Image: Asia Pacific Report

    Testing ground for ‘others’
    “So the Pacific was a testing ground for ‘others’ far away and I remember one of the slogans in the 1970s and 1980s was ‘if it is so safe, test them in France’. Right? It wasn’t so safe.

    “Mind you, they regarded French Polynesia as France.

    “David Robie asked me to write the foreword to the new edition of his book, Eyes of Fire: The Last Voyage and Legacy of the Rainbow Warrior, and it brought back so many memories of those times because those of you who are my age will remember that the 1980s were the peak of the Cold War.

    “We had the Reagan administration [in the US] that was actively preparing for war. It was a terrifying time. It was before the demise of the Soviet Union. And nuclear testing was just part of that big picture where people were preparing for war.

    “I think that the wonderful development in New Zealand was that people knew enough to know that we didn’t want to be defended by nuclear weapons because that was not mutually assured survival — it was mutually assured destruction.”

    New Zealand took a stand, Clark said, but taking that stand led to the attack on the Rainbow Warrior in Auckland harbour by French state-backed terrorism where tragically Greenpeace photographer Fernando Pereira lost his life.

    “I remember I was on my way to Nairobi for a conference for women, and I was in Zimbabwe, when the news came through about the bombing of a boat in Auckland harbour.

    ‘Absolutely shocking’
    “It was absolutely shocking, we had never experienced such a thing. I recall when I returned to New Zealand, [Prime Minister] David Lange one morning striding down to the party caucus room and telling us before it went public that it was without question that French spies had planted the bombs and the rest was history.

    “It was a very tense time. Full marks to Greenpeace for keeping up the struggle for so long — long before it was a mainstream issue Greenpeace was out there in the Pacific taking on nuclear testing.

    “Different times from today, but when I wrote the foreword for David’s book I noted that storm clouds were gathering again around nuclear weapons and issues. I suppose that there is so much else going on in a tragic 24 news cycle — catastrophe day in and day out in Gaza, severe technology and lethal weapons in Ukraine killing people, wherever you look there are so many conflicts.

    “The international agreements that we have relied are falling into disrepair. For example, if I were in Europe I would be extremely worried about the demise of the intermediate range missile weapons pact which has now been abandoned by the Americans and the Russians.

    “And that governs the deployment of medium range missiles in Europe.

    “The New Start Treaty, which was a nuclear arms control treaty between what was the Soviet Union and the US expires next year. Will it be renegotiated in the current circumstances? Who knows?”

    With the Non-proliferation Treaty, there are acknowledged nuclear powers who had not signed the treaty — “and those that do make very little effort to live up to the aspiration, which is to negotiate an end to nuclear weapons”.

    Developments with Iran
    “We have seen recently the latest developments with Iran, and for all of Iran’s many sins let us acknowledge that it is a party to the Non-Proliferation Treaty,” she said.

    “It did subject itself, for the most part, to the inspections regime. Israel, which bombed it, is not a party to the treaty, and doesn’t accept inspections.

    “There are so many double standards that people have long complained about the Non-Proliferation Treaty where the original five nuclear powers are deemed okay to have them, somehow, whereas there are others who don’t join at all.

    “And then over the Ukraine conflict we have seen worrying threats of the use of nuclear weapons.”

    Clark warned that we the use of artificial intelligence it would not be long before asking it: “How do I make a nuclear weapon?”

    “It’s not so difficult to make a dirty bomb. So we should be extremely worried about all these developments.”

    Then Clark spoke about the “complications” facing New Zealand.

    Mangareva researcher and advocate Ena Manuireva . . . “My mum died of lung cancer and the doctors said that she was a ‘passive smoker’. My mum had not smoked for the last 65 years.” Image: Asia Pacific Report

    Teariki’s message to De Gaulle
    In his address, Ena Manuireva started off by quoting the late Tahitian parliamentarian John Teariki who had courageously appealed to General Charles De Gaulle in 1966 after France had already tested three nuclear devices:

    “No government has ever had the honesty or the cynical frankness to admit that its nuclear tests might be dangerous. No government has ever hesitated to make other peoples — preferably small, defenceless ones — bear the burden.”

    “May you, Mr President, take back your troops, your bombs, and your planes.

    “Then, later, our leukemia and cancer patients would not be able to accuse you of being the cause of their illness.

    “Then, our future generations would not be able to blame you for the birth of monsters and deformed children.

    “Then, you would give the world an example worthy of France . . .

    “Then, Polynesia, united, would be proud and happy to be French, and, as in the early days of Free France, we would all once again become your best and most loyal friends.”

    ‘Emotional moment’
    Manuireva said that 10 days earlier, he had been on board Rainbow Warrior III for the ceremony to mark the bombing in 1985 that cost the life of Fernando Pereira – “and the lives of a lot of Mā’ohi people”.

    “It was a very emotional moment for me. It reminded me of my mother and father as I am a descendant of those on Mangareva atoll who were contaminated by those nuclear tests.

    “My mum died of lung cancer and the doctors said that she was a ‘passive smoker’. My mum had not smoked for the last 65 years.

    “French nuclear testing started on 2 July 1966 with Aldebaran and lasted 30 years.”

    He spoke about how the military “top brass fled the island” when winds start blowing towards Mangareva. “Food was ready but they didn’t stay”.

    “By the time I was born in December 1967 in Mangareva, France had already exploded 9 atmospheric nuclear tests on Moruroa and Fangataufa atolls, about 400km from Mangareva.”

    France’s most powerful explosion was Canopus with 2.6 megatonnes in August 1968. It was a thermonuclear hydrogen bomb — 150 times more powerful than Hiroshima.

    Greenpeace Aotearoa executive director Russel Norman . . . a positive of the campaign future. Image: Asia Pacific Report

    ‘Poisoned gift’
    Manuireva said that by France “gifting us the bomb”, Tahitians had been left “with all the ongoing consequences on the people’s health costs that the Ma’ohi Nui government is paying for”.

    He described how the compensation programme was inadequate, lengthy and complicated.

    Manuireva also spoke about the consequences for the environment. Both Moruroa and Fangataufa were condemned as “no go” zones and islanders had lost their lands forever.

    He also noted that while France had gifted the former headquarters of the Atomic Energy Commission (CEP) as a “form of reconciliation” plans to turn it into a museum were thwarted because the building was “rife with asbestos”.

    “It is a poisonous gift that will cost millions for the local government to fix.”

    Greenpeace Aotearoa executive director Russel Norman spoke of the impact on the Greenpeace organisation of the French secret service bombing of their ship and also introduced the guest speakers and responded to their statements.

    A Q and A session was also held to round off the stimulating evening.

    A question during the open mike session on board the Rainbow Warrior. Image: Asia Pacific Report

    MIL OSI Analysis – EveningReport.nz –

    July 25, 2025

  • MIL-Evening Report: Keep fighting for a nuclear-free Pacific, Helen Clark warns Greenpeace over global storm clouds

    Asia Pacific Report

    Former New Zealand prime minister Helen Clark warned activists and campaigners in a speech on the deck of the Greenpeace environmental flagship Rainbow Warrior III last night to be wary of global “storm clouds” and the renewed existential threat of nuclear weapons.

    Speaking on her reflections on four decades after the bombing of the original Rainbow Warrior on 10 July 1985, she said that New Zealand had a lot to be proud of but the world was now in a “precarious” state.

    Clark praised Greenpeace over its long struggle, challenging the global campaigners to keep up the fight for a nuclear-free Pacific.

    “For New Zealand, having been proudly nuclear-free since the mid-1980s, life has got a lot more complicated for us as well, and I have done a lot of campaigning against New Zealand signing up to any aspect of the AUKUS arrangement because it seems to me that being associated with any agreement that supplies nuclear ship technology to Australia is more or less encouraging the development of nuclear threats in the South Pacific,” she said.

    “While I am not suggesting that Australians are about to put nuclear weapons on them, we know that others do. This is not the Pacific that we want.

    “It is not the Pacific that we fought for going back all those years.

    “So we need to be very concerned about these storm clouds gathering.”

    Lessons for humanity
    Clark was prime minister 1999-2008 and served as a minister in David Lange’s Labour government that passed New Zealand’s nuclear-free legislation in 1987 – two years after the Rainbow Warrior bombing by French secret agents.

    She was also head of the United Nations Development Programme (UNDP) in 2009-2017.

    “When you think 40 years on, humanity might have learned some lessons. But it seems we have to repeat the lessons over and over again, or we will be dragged on the path of re-engagement with those who use nuclear weapons as their ultimate defence,” Clark told the Greenpeace activists, crew and guests.

    “Forty years on, we look back with a lot of pride, actually, at how New Zealand responded to the bombing of the Rainbow Warrior. We stood up with the passage of the nuclear-free legislation in 1987, we stood up with a lot of things.

    “All of this is under threat; the international scene now is quite precarious with respect to nuclear weapons. This is an existential threat.”


    Nuclear-free Pacific reflections with Helen Clark         Video: Greenpeace

    In response to Tahitian researcher and advocate Ena Manuireva who spoke earlier about the legacy of a health crisis as a result of 30 years of French nuclear tests at Moruroa and Fangataufa, she recalled her own thoughts.

    “It reminds us of why we were so motivated to fight for a nuclear-free Pacific because we remember the history of what happened in French Polynesia, in the Marshall Islands, in the South Australian desert, at Maralinga, to the New Zealand servicemen who were sent up in the navy ships, the Rotoiti and the Pukaki, in the late 1950s, to stand on deck while the British exploded their bombs [at Christmas Island in what is today Kiribati].

    “These poor guys were still seeking compensation when I was PM with the illnesses you [Ena] described in French Polynesia.

    Former NZ prime minister Helen Clark . . . “I remember one of the slogans in the 1970s and 1980s was ‘if it is so safe, test them in France’.” Image: Asia Pacific Report

    Testing ground for ‘others’
    “So the Pacific was a testing ground for ‘others’ far away and I remember one of the slogans in the 1970s and 1980s was ‘if it is so safe, test them in France’. Right? It wasn’t so safe.

    “Mind you, they regarded French Polynesia as France.

    “David Robie asked me to write the foreword to the new edition of his book, Eyes of Fire: The Last Voyage and Legacy of the Rainbow Warrior, and it brought back so many memories of those times because those of you who are my age will remember that the 1980s were the peak of the Cold War.

    “We had the Reagan administration [in the US] that was actively preparing for war. It was a terrifying time. It was before the demise of the Soviet Union. And nuclear testing was just part of that big picture where people were preparing for war.

    “I think that the wonderful development in New Zealand was that people knew enough to know that we didn’t want to be defended by nuclear weapons because that was not mutually assured survival — it was mutually assured destruction.”

    New Zealand took a stand, Clark said, but taking that stand led to the attack on the Rainbow Warrior in Auckland harbour by French state-backed terrorism where tragically Greenpeace photographer Fernando Pereira lost his life.

    “I remember I was on my way to Nairobi for a conference for women, and I was in Zimbabwe, when the news came through about the bombing of a boat in Auckland harbour.

    ‘Absolutely shocking’
    “It was absolutely shocking, we had never experienced such a thing. I recall when I returned to New Zealand, [Prime Minister] David Lange one morning striding down to the party caucus room and telling us before it went public that it was without question that French spies had planted the bombs and the rest was history.

    “It was a very tense time. Full marks to Greenpeace for keeping up the struggle for so long — long before it was a mainstream issue Greenpeace was out there in the Pacific taking on nuclear testing.

    “Different times from today, but when I wrote the foreword for David’s book I noted that storm clouds were gathering again around nuclear weapons and issues. I suppose that there is so much else going on in a tragic 24 news cycle — catastrophe day in and day out in Gaza, severe technology and lethal weapons in Ukraine killing people, wherever you look there are so many conflicts.

    “The international agreements that we have relied are falling into disrepair. For example, if I were in Europe I would be extremely worried about the demise of the intermediate range missile weapons pact which has now been abandoned by the Americans and the Russians.

    “And that governs the deployment of medium range missiles in Europe.

    “The New Start Treaty, which was a nuclear arms control treaty between what was the Soviet Union and the US expires next year. Will it be renegotiated in the current circumstances? Who knows?”

    With the Non-proliferation Treaty, there are acknowledged nuclear powers who had not signed the treaty — “and those that do make very little effort to live up to the aspiration, which is to negotiate an end to nuclear weapons”.

    Developments with Iran
    “We have seen recently the latest developments with Iran, and for all of Iran’s many sins let us acknowledge that it is a party to the Non-Proliferation Treaty,” she said.

    “It did subject itself, for the most part, to the inspections regime. Israel, which bombed it, is not a party to the treaty, and doesn’t accept inspections.

    “There are so many double standards that people have long complained about the Non-Proliferation Treaty where the original five nuclear powers are deemed okay to have them, somehow, whereas there are others who don’t join at all.

    “And then over the Ukraine conflict we have seen worrying threats of the use of nuclear weapons.”

    Clark warned that we the use of artificial intelligence it would not be long before asking it: “How do I make a nuclear weapon?”

    “It’s not so difficult to make a dirty bomb. So we should be extremely worried about all these developments.”

    Then Clark spoke about the “complications” facing New Zealand.

    Mangareva researcher and advocate Ena Manuireva . . . “My mum died of lung cancer and the doctors said that she was a ‘passive smoker’. My mum had not smoked for the last 65 years.” Image: Asia Pacific Report

    Teariki’s message to De Gaulle
    In his address, Ena Manuireva started off by quoting the late Tahitian parliamentarian John Teariki who had courageously appealed to General Charles De Gaulle in 1966 after France had already tested three nuclear devices:

    “No government has ever had the honesty or the cynical frankness to admit that its nuclear tests might be dangerous. No government has ever hesitated to make other peoples — preferably small, defenceless ones — bear the burden.”

    “May you, Mr President, take back your troops, your bombs, and your planes.

    “Then, later, our leukemia and cancer patients would not be able to accuse you of being the cause of their illness.

    “Then, our future generations would not be able to blame you for the birth of monsters and deformed children.

    “Then, you would give the world an example worthy of France . . .

    “Then, Polynesia, united, would be proud and happy to be French, and, as in the early days of Free France, we would all once again become your best and most loyal friends.”

    ‘Emotional moment’
    Manuireva said that 10 days earlier, he had been on board Rainbow Warrior III for the ceremony to mark the bombing in 1985 that cost the life of Fernando Pereira – “and the lives of a lot of Mā’ohi people”.

    “It was a very emotional moment for me. It reminded me of my mother and father as I am a descendant of those on Mangareva atoll who were contaminated by those nuclear tests.

    “My mum died of lung cancer and the doctors said that she was a ‘passive smoker’. My mum had not smoked for the last 65 years.

    “French nuclear testing started on 2 July 1966 with Aldebaran and lasted 30 years.”

    He spoke about how the military “top brass fled the island” when winds start blowing towards Mangareva. “Food was ready but they didn’t stay”.

    “By the time I was born in December 1967 in Mangareva, France had already exploded 9 atmospheric nuclear tests on Moruroa and Fangataufa atolls, about 400km from Mangareva.”

    France’s most powerful explosion was Canopus with 2.6 megatonnes in August 1968. It was a thermonuclear hydrogen bomb — 150 times more powerful than Hiroshima.

    Greenpeace Aotearoa executive director Russel Norman . . . a positive of the campaign future. Image: Asia Pacific Report

    ‘Poisoned gift’
    Manuireva said that by France “gifting us the bomb”, Tahitians had been left “with all the ongoing consequences on the people’s health costs that the Ma’ohi Nui government is paying for”.

    He described how the compensation programme was inadequate, lengthy and complicated.

    Manuireva also spoke about the consequences for the environment. Both Moruroa and Fangataufa were condemned as “no go” zones and islanders had lost their lands forever.

    He also noted that while France had gifted the former headquarters of the Atomic Energy Commission (CEP) as a “form of reconciliation” plans to turn it into a museum were thwarted because the building was “rife with asbestos”.

    “It is a poisonous gift that will cost millions for the local government to fix.”

    Greenpeace Aotearoa executive director Russel Norman spoke of the impact on the Greenpeace organisation of the French secret service bombing of their ship and also introduced the guest speakers and responded to their statements.

    A Q and A session was also held to round off the stimulating evening.

    A question during the open mike session on board the Rainbow Warrior. Image: Asia Pacific Report

    MIL OSI Analysis – EveningReport.nz –

    July 25, 2025

  • MIL-OSI Submissions: What makes a person cool? Global study has some answers

    Source: The Conversation – Africa – By Todd Pezzuti, Associate Professor, Business School, Universidad Adolfo Ibáñez

    From Lagos to Cape Town, Santiago to Seoul, people want to be cool. “Cool” is a word we hear everywhere – in music, in fashion, on social media. We use it to describe certain types of people.

    But what exactly makes someone cool? Is it just about being popular or trendy? Or is there something deeper going on?

    In a recent study I conducted with other marketing professors, we set out to answer a simple but surprisingly unexplored question. What are the personality traits and values that make someone seem cool – and do they differ across cultures?

    We asked nearly 6,000 people from 12 countries to think of someone they personally knew who was “cool”, “not cool”, “good”, or “not good”. Then we asked them to describe that person’s traits and values using validated psychological measures. We used this data to examine how coolness differs from general likeability or morality.



    Read more:
    What makes a person seem wise? Global study finds that cultures do differ – but not as much as you’d think

    The countries ranged from Australia to Turkey, the US to Germany, India to China, Nigeria to South Africa.

    Our data showed that coolness is uniquely associated with the same six traits around the world: cool people tend to be extroverted, hedonistic, adventurous, open, powerful, and autonomous.

    These findings help settle a long debate about what it means to be cool today.

    A brief history of cool

    Early writing on coolness described it as emotional restraint: being calm, composed and unbothered. This view, rooted in the metaphor of temperature and emotion, saw coolness as a sign of self-control and mastery.

    Some of these scholars trace this form of cool to slavery and segregation, where emotional restraint was a survival strategy among enslaved Africans and their descendants, symbolising autonomy and dignity in the face of oppression. Others propose “cool” restraint existed long before slavery.

    Regardless, jazz musicians in the 1940s first helped popularise this cool persona – relaxed, emotionally contained, and stylish – an image later embraced by youth and various countercultures. Corporations like Nike, Apple and MTV commercialised cool, turning a countercultural attitude into a more commercially friendly global aesthetic.

    This is what makes someone cool

    Our findings suggest that the meaning of cool has changed. It’s a way to identify and label people with a specific psychological profile.

    Cool people are outgoing and social (extroverted). They seek pleasure and enjoyment (hedonistic). They take risks and try new things (adventurous). They are curious and open to new experiences (open). They have influence or charisma (powerful). And perhaps most of all, they do things their own way (autonomous).

    This finding held remarkably steady across countries. Whether you’re in the US, South Korea, Spain or South Africa, people tend to think that cool individuals have this same “cool profile”.

    We also found that even though coolness overlaps with being good or favourable, being cool and being good are not the same. Being kind, calm, traditional, secure and conscientious were more associated with being good than cool. Some “cool” traits were not necessarily good at all, like extroversion and hedonism.

    What about South Africa and Nigeria?

    One of the most fascinating aspects of our study was seeing how consistent the meaning of coolness was across cultures – even in countries with very different traditions and values.

    In South Africa, participants viewed cool people as extroverted, hedonistic, powerful, adventurous, open and autonomous – just like participants from Europe to Asia. In South Africa, however, coolness is especially distinct from being good. South Africa is one of the countries in which being hedonistic, powerful, adventurous and autonomous was much more cool than good.



    Read more:
    Which African countries are flourishing? Scientists have a new way of measuring well-being

    Nigeria was the only country in which cool and uncool people were equally autonomous. So basically, individuality wasn’t seen as cool. That difference might reflect cultural values that place a greater emphasis on community, respect for elders, or collective identity. In places where tradition and hierarchy matter, doing your own thing might not be cool.

    Social sciences, like all science, however, are not perfect. So, it’s reasonable to speculate that autonomy might still be cool in Nigeria, with the discrepancy resulting from methodological issues such as how the Nigerian participants interpreted and responded to the survey.

    Nigeria was also unique because the distinction between cool and good wasn’t as notable as in other countries. So coolness was seen more as goodness than in the other countries.

    Why does this matter?

    The fact that so many cultures agree on what makes someone cool suggests that “coolness” may serve a shared social function. The traits that make people cool may make them more likely to try new things, innovate new styles and fashions, and influence others. These individuals often push boundaries and introduce new ideas – in fashion, art, politics, or technology. They inspire others and help shape what’s seen as modern, desirable, or forward-thinking.

    Coolness, in this sense, might function as a kind of cultural status marker – a reward for being bold, open-minded and innovative. It’s not just about surface style. It’s about signalling that you’re ahead of the curve, and that others should pay attention.

    So what can we learn from this?

    For one, young people in South Africa, Nigeria, and around the world may have more in common than we often think. Despite vast cultural differences, they tend to admire the same traits. That opens up interesting possibilities for cross-cultural communication, collaboration and influence.

    Second, if we want to connect with or inspire others – whether through education, branding, or leadership – it helps to understand what people see as cool. Coolness may not be a universal virtue, but it is a universal currency.

    And finally, there’s something reassuring in all this: coolness is not about being famous or rich. It’s about how you live. Are you curious? Courageous? True to yourself? If so, chances are someone out there thinks you’re cool – no matter where you’re from.

    Todd Pezzuti received funding from ANID Chile to conduct this research.

    – ref. What makes a person cool? Global study has some answers – https://theconversation.com/what-makes-a-person-cool-global-study-has-some-answers-261266

    MIL OSI –

    July 25, 2025

  • MIL-OSI Submissions: What makes a person cool? Global study has some answers

    Source: The Conversation – Africa – By Todd Pezzuti, Associate Professor, Business School, Universidad Adolfo Ibáñez

    From Lagos to Cape Town, Santiago to Seoul, people want to be cool. “Cool” is a word we hear everywhere – in music, in fashion, on social media. We use it to describe certain types of people.

    But what exactly makes someone cool? Is it just about being popular or trendy? Or is there something deeper going on?

    In a recent study I conducted with other marketing professors, we set out to answer a simple but surprisingly unexplored question. What are the personality traits and values that make someone seem cool – and do they differ across cultures?

    We asked nearly 6,000 people from 12 countries to think of someone they personally knew who was “cool”, “not cool”, “good”, or “not good”. Then we asked them to describe that person’s traits and values using validated psychological measures. We used this data to examine how coolness differs from general likeability or morality.



    Read more:
    What makes a person seem wise? Global study finds that cultures do differ – but not as much as you’d think

    The countries ranged from Australia to Turkey, the US to Germany, India to China, Nigeria to South Africa.

    Our data showed that coolness is uniquely associated with the same six traits around the world: cool people tend to be extroverted, hedonistic, adventurous, open, powerful, and autonomous.

    These findings help settle a long debate about what it means to be cool today.

    A brief history of cool

    Early writing on coolness described it as emotional restraint: being calm, composed and unbothered. This view, rooted in the metaphor of temperature and emotion, saw coolness as a sign of self-control and mastery.

    Some of these scholars trace this form of cool to slavery and segregation, where emotional restraint was a survival strategy among enslaved Africans and their descendants, symbolising autonomy and dignity in the face of oppression. Others propose “cool” restraint existed long before slavery.

    Regardless, jazz musicians in the 1940s first helped popularise this cool persona – relaxed, emotionally contained, and stylish – an image later embraced by youth and various countercultures. Corporations like Nike, Apple and MTV commercialised cool, turning a countercultural attitude into a more commercially friendly global aesthetic.

    This is what makes someone cool

    Our findings suggest that the meaning of cool has changed. It’s a way to identify and label people with a specific psychological profile.

    Cool people are outgoing and social (extroverted). They seek pleasure and enjoyment (hedonistic). They take risks and try new things (adventurous). They are curious and open to new experiences (open). They have influence or charisma (powerful). And perhaps most of all, they do things their own way (autonomous).

    This finding held remarkably steady across countries. Whether you’re in the US, South Korea, Spain or South Africa, people tend to think that cool individuals have this same “cool profile”.

    We also found that even though coolness overlaps with being good or favourable, being cool and being good are not the same. Being kind, calm, traditional, secure and conscientious were more associated with being good than cool. Some “cool” traits were not necessarily good at all, like extroversion and hedonism.

    What about South Africa and Nigeria?

    One of the most fascinating aspects of our study was seeing how consistent the meaning of coolness was across cultures – even in countries with very different traditions and values.

    In South Africa, participants viewed cool people as extroverted, hedonistic, powerful, adventurous, open and autonomous – just like participants from Europe to Asia. In South Africa, however, coolness is especially distinct from being good. South Africa is one of the countries in which being hedonistic, powerful, adventurous and autonomous was much more cool than good.



    Read more:
    Which African countries are flourishing? Scientists have a new way of measuring well-being

    Nigeria was the only country in which cool and uncool people were equally autonomous. So basically, individuality wasn’t seen as cool. That difference might reflect cultural values that place a greater emphasis on community, respect for elders, or collective identity. In places where tradition and hierarchy matter, doing your own thing might not be cool.

    Social sciences, like all science, however, are not perfect. So, it’s reasonable to speculate that autonomy might still be cool in Nigeria, with the discrepancy resulting from methodological issues such as how the Nigerian participants interpreted and responded to the survey.

    Nigeria was also unique because the distinction between cool and good wasn’t as notable as in other countries. So coolness was seen more as goodness than in the other countries.

    Why does this matter?

    The fact that so many cultures agree on what makes someone cool suggests that “coolness” may serve a shared social function. The traits that make people cool may make them more likely to try new things, innovate new styles and fashions, and influence others. These individuals often push boundaries and introduce new ideas – in fashion, art, politics, or technology. They inspire others and help shape what’s seen as modern, desirable, or forward-thinking.

    Coolness, in this sense, might function as a kind of cultural status marker – a reward for being bold, open-minded and innovative. It’s not just about surface style. It’s about signalling that you’re ahead of the curve, and that others should pay attention.

    So what can we learn from this?

    For one, young people in South Africa, Nigeria, and around the world may have more in common than we often think. Despite vast cultural differences, they tend to admire the same traits. That opens up interesting possibilities for cross-cultural communication, collaboration and influence.

    Second, if we want to connect with or inspire others – whether through education, branding, or leadership – it helps to understand what people see as cool. Coolness may not be a universal virtue, but it is a universal currency.

    And finally, there’s something reassuring in all this: coolness is not about being famous or rich. It’s about how you live. Are you curious? Courageous? True to yourself? If so, chances are someone out there thinks you’re cool – no matter where you’re from.

    Todd Pezzuti received funding from ANID Chile to conduct this research.

    – ref. What makes a person cool? Global study has some answers – https://theconversation.com/what-makes-a-person-cool-global-study-has-some-answers-261266

    MIL OSI –

    July 25, 2025

  • MIL-OSI Asia-Pac: 6 arrested for allowance fraud

    Source: Hong Kong Information Services

    The Working Family & Student Financial Assistance Agency today said Police arrested a total of six people for allegedly defrauding or intending to defraud the agency, involving an amount of about $30,000.

    The agency had recently conducted a joint operation with Police to combat fraudulent acts by those seeking to obtain the Working Family Allowance (WFA) illegally.

    The agency’s Working Family Allowance Office, when processing WFA applications in April, detected suspicious documentary proof relating to employment and income submitted by some applicants.

    The agency swiftly reported the incident and referred the cases suspected of using false documents to Police for investigation.

    After a thorough investigation, Police recently carried out an operation and arrested a total of six people so far for allegedly defrauding or intending to defraud the agency.

    The agency will continue to render full assistance to Police in the investigation and recover the overpaid allowances from the relevant persons as appropriate in a timely manner.

    The agency pointed out that it scrutinises every WFA application in a stringent manner and has established a mechanism to identify and guard against fraud cases.

    It added that it will continue to examine WFA applications in a stringent manner to ensure the proper use of public funds. People are urged not to defraud the agency.

    The WFA Scheme aims to support low-income working households. Applicants are required to submit documentary proof of working hours, income and assets to the agency for assessing their eligibility.

    Anyone obtaining the WFA by deception will be disqualified for the WFA and are liable to a maximum penalty of 14 years’ imprisonment.

    MIL OSI Asia Pacific News –

    July 25, 2025

  • MIL-OSI Australia: ATO warns businesses against falsifying their GST claims

    Source: New places to play in Gungahlin

    The Australian Taxation Office (ATO) is sending a clear message to businesses considering committing GST fraud, making dishonest claims and falsifying invoices.

    Assistant Commissioner Adam O’Grady said the fraud is currently predominantly within the property and construction industry. We’ve also identified early signs of it proliferating in other industries, particularly by privately owned and wealthy groups.

    ‘Despite warnings from the Serious Financial Crime Taskforce late last year, recent observations show dishonest claims involving false invoicing are growing.’

    This is not related to a GST fraud scheme that was promoted through social media where individuals created fake businesses and lodged BAS statements to obtain GST refunds. These are real businesses creating disingenuous invoices to gain overinflated GST refunds.

    ‘While the numbers of businesses involved are relatively small, some are attempting to claim tens of millions of dollars in GST refunds they’re not entitled to,’ Mr O’Grady said.

    We’ve released Taxpayer Alert TA 2025/2: Arrangements designed to improperly obtain GST refunds to put businesses engaging in these concerning arrangements on notice and to warn businesses not to engage in these types of arrangements.

    ‘Most businesses do the right thing. What these others are doing is simply not fair. We’re dealing with dishonest and deliberate attempts to cheat the tax system.’

    ‘We will not tolerate this fraudulent behaviour deliberately undermining the system or providing an unfair advantage over honest businesses.’

    ‘Those involved will face consequences, including interest charges, penalties, fines, and where appropriate, prosecution, or referral to the Commonwealth Director of Public Prosecution,’ Mr O’Grady said.

    We see arrangements where a business colludes with another related business to create a false invoice, in an attempt to justify an overly inflated GST refund. These may be:

    • entities claiming GST credits for the development and construction costs of industrial buildings that never occurred
    • entities claiming GST credits for intangible services such as ‘management fees’ that were never provided
    • entities claiming GST credits for property acquisitions before they occurred
    • multiple entities claiming GST credits for the same invoice
    • in the worst cases, invoices that are completely fictitious.

    ‘Often these schemes are dressed up and sold as clever schemes with a figleaf of technical analysis – but any scheme which generates GST refunds through paper shuffling is likely to be ineffective at best, and civilly and criminally actionable fraud at worst. If it’s too good to be true, it probably is.’

    ‘We’re encouraging employees, businesses, industry groups and the community to demonstrate their lack of tolerance for those doing the wrong thing, by helping us stamp out this behaviour.’

    ‘GST revenue is vital to Australia’s economy, funding essential services delivered by states and territories.’

    ‘Those involved are abusing the system, tarnishing the reputation of the property and construction industry and making it harder for compliant businesses to operate.’

    If you suspect another business of being involved in these arrangements, you can confidentially report to us by making a tip-off online or by calling 1800 060 062. 

    If you’re involved, you should come forward and make a voluntary disclosure rather than wait for the ATO to contact you. Early cooperation and making a voluntary disclosure may reduce the penalties imposed.  

    Notes to journalists

    MIL OSI News –

    July 25, 2025

  • MIL-OSI Australia: New taxpayer alert warns about GST refund fraud

    Source: New places to play in Gungahlin

    We’ve now published a new taxpayer alert – TA 2025/2: Arrangements designed to improperly obtain goods and services tax refunds. This alert strongly warns businesses against using arrangements where a business colludes with another related business to create fraudulent invoices, so they can attempt to claim large GST refunds. In many cases the invoice will overclaim GST credits on real goods or services that were provided. In the worst cases, invoices are completely fictitious.

    Deliberately exploiting the GST system to obtain a refund you’re not entitled to, or to avoid payment, is a criminal offence.

    We’re still seeing these arrangements occurring, despite warnings from the Serious Financial Crime Taskforce over the last 18 months about fraudulent GST refunds and false invoicing.

    Our data shows that the fraud is currently predominantly within the property and construction industry. We’ve also identified early signs of it proliferating in other industries, particularly by privately owned and wealthy groups.

    It’s a small number of businesses that are attempting to do this. However, they’re trying to fraudulently claim tens of millions of dollars – money that should instead be supporting vital services the Australian community relies on. Their behaviour:

    • disadvantages the vast majority of Australian businesses that are doing the right thing
    • tarnishes the reputation of the industries where those businesses operate
    • undermines the tax system.

    This is not related to the GST fraud scheme that was promoted through social media where individuals created fake businesses and lodged BAS statements to obtain GST refunds. These are real businesses creating fraudulent invoices to try to gain overinflated GST refunds.

    We’re equipped with resources, sophisticated data matching and analytics capabilities, and intelligence-sharing relationships to uncover even the most elaborate financial crime. Any businesses caught in these arrangements will face the full force of the law. Further:

    • If you’re a company director, you’re responsible for ensuring the company pays its GST in full and by the due date. If these obligations are not met, you can become personally liable for director penalties.
    • Promoter penalty laws may apply to any registered agent and adviser who promotes these arrangements. In some instances, cases will be pursued as criminal matters. The worst cases may result in imprisonment.

    What you can do

    We’re encouraging honest businesses, industry groups and the community to help us stamp out this behaviour. If you suspect another business of being involved in these arrangements, you can confidentially report to us by making a tip-off or by calling 1800 060 062.

    If you’re involved in a fraudulent arrangement, we strongly encourage you to come forward and make a voluntary disclosure rather than wait for us to contact you. If you cooperate early and make a voluntary disclosure, we may reduce the penalties imposed.

    Keep up to date

    We have tailored communication channels for medium, large and multinational businesses, to keep you up to date with updates and changes you need to know.

    Read more articles in our online Business bulletins newsroom.

    Subscribe to our free:

    • fortnightly Business bulletins email newsletterExternal Link
    • email notifications about new and updated information on our website – you can choose to receive updates relevant to your situation. Choose the ‘Business and organisations’ category to ensure your subscription includes notifications for more Business bulletins newsroom articles like this one.

    MIL OSI News –

    July 25, 2025

  • MIL-OSI United Kingdom: PM meeting with Prime Minister Modi of India: 24 July 2025

    Source: United Kingdom – Executive Government & Departments

    Press release

    PM meeting with Prime Minister Modi of India: 24 July 2025

    The Prime Minister welcomed the Prime Minister of India, Narendra Modi, to Chequers today.

    The Prime Minister welcomed the Prime Minister of India, Narendra Modi, to Chequers today.

    The leaders celebrated the landmark UK-India Free Trade Agreement, which was signed today and will see growth in every part of the country – delivering on the government’s Plan for Change.

    The deal will see tariffs lowered so businesses can expand more easily in one of the fastest growing economies in the world. The Prime Minister highlighted that UK consumers will benefit from lower prices and greater choice too.

    The Prime Minister also welcomed nearly £6 billion in new investment and export wins, which will create 2,200 jobs across the UK.

    The leaders also discussed the importance of the UK-India Comprehensive Strategic Partnership, which will see closer collaboration on trade, defence, security, technology and education – underscored by the close and historic relationship between the two countries.

    The leaders also discussed the Air India plane crash last month, and said their sympathies are with all the families and loved ones of the victims. The Prime Minister said the UK will continue to support all those affected by the tragedy. 

    They looked forward to seeing one another soon.

    Share this page

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    Updates to this page

    Published 24 July 2025

    MIL OSI United Kingdom –

    July 25, 2025

  • PM Modi to attend Maldives Independence Day, pushes forward India-Maldives ties

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi is currently on a two-nation visit to the United Kingdom and the Maldives from July 23 to 26. Following his engagements in London, the Prime Minister will arrive in Malé on July 25 for the second leg of his tour, marking his third visit to the Maldives and the first by any head of government during President Mohamed Muizzu’s tenure.

    The visit is expected to build on the strong bilateral ties between the two nations, particularly in the context of the India-Maldives Joint Vision for a Comprehensive Economic and Maritime Security Partnership, which was adopted during President Muizzu’s visit to India in October 2024.

    India and the Maldives have long shared close ethnic, linguistic, cultural, and religious bonds. Diplomatic relations between the two countries were established soon after the Maldives gained independence in 1965, with India being one of the first countries to recognize the island nation. The geographical proximity-barely 70 nautical miles from India’s Minicoy Island-gives the Maldives strategic importance in the Indian Ocean Region (IOR), particularly in the context of maritime security and commercial sea-lanes.

    Under India’s “Neighbourhood First” foreign policy and the SAGAR (Security and Growth for All in the Region) vision, the Maldives continues to occupy a special place. India has consistently responded to the Maldives’ needs, be it during the 1988 coup attempt, the 2004 tsunami, the 2014 water crisis, or the COVID-19 pandemic, earning its reputation as a trusted partner and first responder.

    The current visit is expected to provide fresh momentum to the bilateral agenda. Prime Minister Modi and President Muizzu will review the implementation of the “India-Maldives Joint Vision for a Comprehensive Economic and Maritime Security Partnership,” which was adopted during President Muizzu’s state visit to India in October 2024.

    Over the past few years, both countries have maintained a high frequency of exchanges at various levels. In June 2024, President Muizzu had travelled to India to attend the swearing-in ceremony of Prime Minister Modi and the Council of Ministers. This was followed by several ministerial visits, including by External Affairs Minister Dr. S. Jaishankar, who inaugurated key projects supported by India, such as water and sewerage networks across 28 islands, and community development initiatives in sectors like mental health and special education.

    The bilateral engagement has been marked by robust cooperation in areas of defence, economic development, infrastructure, health, and capacity building. India has extended multiple Lines of Credit and grant assistance to the Maldives. Initiatives like the construction of social housing units in Hulhumale, restoration of heritage sites, gifting of vessels and vehicles to the Maldivian armed forces, and the introduction of India’s UPI digital payment system in the Maldives highlight the comprehensive nature of the partnership.

    Recent interactions between ministers of both countries have furthered collaboration in sectors ranging from disaster management and cybersecurity to fisheries and civil services training. The introduction of MoUs in these areas demonstrates India’s continued commitment to the socio-economic development of the Maldives.

    July 25, 2025
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