NewzIntel.com

Category: Banking

  • MIL-OSI Banking: Thales reinforces its leadership in eSIM and IoT connectivity with a ‘ready to use’ certified solution

    Source: Thales Group

    Headline: Thales reinforces its leadership in eSIM and IoT connectivity with a ‘ready to use’ certified solution

    With over 5.8 billion IoT cellular connections expected globally by 2030 (GSMA Intelligence), businesses and industries face growing pressure to deploy connected devices at scale — securely and efficiently. The SGP.32 IoT specification has been designed specifically to meet the unique needs of IoT devices by simplifying remote connectivity activation while maintaining high levels of trust. And more specifically, the GSMA eSA certification ensures that the eSIM product (hardware, firmware, OS, and cryptographic libraries) complies with strict security and functional requirements, recognised across the global mobile ecosystem.

    MIL OSI Global Banks –

  • MIL-OSI Banking: Thales reinforces its leadership in eSIM and IoT connectivity with a ‘ready to use’ certified solution

    Source: Thales Group

    Headline: Thales reinforces its leadership in eSIM and IoT connectivity with a ‘ready to use’ certified solution

    With over 5.8 billion IoT cellular connections expected globally by 2030 (GSMA Intelligence), businesses and industries face growing pressure to deploy connected devices at scale — securely and efficiently. The SGP.32 IoT specification has been designed specifically to meet the unique needs of IoT devices by simplifying remote connectivity activation while maintaining high levels of trust. And more specifically, the GSMA eSA certification ensures that the eSIM product (hardware, firmware, OS, and cryptographic libraries) complies with strict security and functional requirements, recognised across the global mobile ecosystem.

    MIL OSI Global Banks –

  • MIL-OSI Russia: Financial news: What investors know about mutual funds: Bank of Russia survey

    Translation. Region: Russian Federal

    Source: Central Bank of Russia –

    An important disclaimer is at the bottom of this article.

    Bank of Russia will appreciate, how popular are mutual investment funds (MIF) among investors, from what sources do they get information about funds, and whether they are satisfied with the amount of information disclosed.

    The collective investment sector is one of the most dynamically developing in Russia. A mutual fund is the most convenient financial instrument for an investor, including a beginner. The investment process is simple: a future shareholder transfers his funds to a fund managed by a management company. A professional manager invests the received resources in various assets: securities, real estate, infrastructure projects and other instruments. The entry ticket to a mutual fund is small – you can start investing with just 5 rubles on hand.

    In order to increase interest in such an instrument, the Bank of Russia intends to analyze what sources an investor uses to obtain information about a mutual fund, how convenient and understandable such a financial instrument is. This will allow the regulator to further create conditions for increasing the availability of information for a wide range of investors and increase the attractiveness of investments in mutual funds.

    The Bank of Russia published report, where he identified possible scenarios for the development of the retail mutual fund market.

    Preview photo: Pixels Hunter / Shutterstock / Fotodom

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

    .

    MIL OSI Russia News –

  • MIL-OSI Russia: Financial news: RUONIA Interest Rate Monitoring Committee Activity Report for the second half of 2024

    Translation. Region: Russian Federal

    Source: Central Bank of Russia –

    An important disclaimer is at the bottom of this article.

    The RUONIA Interest Rate Monitoring Committee, which includes representatives of the Bank of Russia and external representatives of the financial market, monitors the implementation of administrative functions in accordance with the principles for financial indicators of the International Organization of Securities Commissions.

    The main tasks of the Committee:

    monitoring the implementation of RUONIA administration functions; coordinating documents and procedures related to RUONIA administration; interacting with users of RUONIA, the urgent version of RUONIA and the RUONIA index.

    The composition of the Committee is formed in such a way as to eliminate potential conflicts of interest. The members of the Committee are appointed not on the basis of their official position, but based on their professional competencies. They participate in the work of the Committee personally and do not have the right to delegate their powers to other persons. The members of the Committee do not receive payment for their activities as members of the Committee.

    The appointment of the Committee members is based on the Order of the Chairman of the Bank of Russia. Its composition is valid until the re-issue of the Order of the Chairman of the Bank of Russia at the proposal of the Chairman of the Committee, the first deputies or deputy chairmen of the Bank of Russia, as well as the heads of the structural divisions of the Bank of Russia. The members of the Committee cannot be employees involved in the functions of collecting, processing, calculating the interest rate indicator and its publication. In addition, the members of the Committee cannot be employees of the structural divisions of the Bank of Russia, for which the RUONIA interest rate is involved in key business processes, including the development and implementation of monetary policy. External members of the Committee cannot be representatives of organizations from the list of RUONIA participants.

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

    .

    MIL OSI Russia News –

  • MIL-OSI Russia: Financial news: The meeting of the National Financial Council took place (08.07.2025)

    Translation. Region: Russian Federal

    Source: Central Bank of Russia –

    An important disclaimer is at the bottom of this article.

    At its meeting on June 27, 2025, the National Financial Council (NFC) reviewed the Annual Report of the Bank of Russia for 2024, information from the Board of Directors of the Bank of Russia on the main issues of the Bank of Russia’s activities for the first quarter of 2025, as well as the report of the limited liability company “Management Company of the Banking Sector Consolidation Fund” for 2024.

    The meeting participants discussed the key stages of development of the Bank of Russia digital ruble platform project. During the NFS meeting, reports were heard on the development of the capital market, the digital financial assets market and its prospects. The risks of concentration of systemically important credit institutions were discussed, as well as the current status of the transition to the preferential use of Russian software and electronic products in the financial sector.

    The NFS approved the Bank of Russia’s report on expenses for 2024 for the maintenance of Bank of Russia employees, pension provision, personal insurance of Bank of Russia employees, capital investments and other administrative and economic needs, as well as the Bank of Russia’s regulations on accounting in the Bank of Russia.

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

    .

    MIL OSI Russia News –

  • MIL-OSI Europe: Italy: EIB Grants €150 Million Loan to Alfasigma to Accelerate Innovation in Rare Diseases and Specialty Care

    Source: European Investment Bank

    Alfasigma

    • The EIB financing will support Alfasigma’s R&D investments for the three-year period from 2025 to 2027.
    • The funds will help develop and market new medicines in Alfasigma’s main therapeutic areas.

    The European Investment Bank (EIB) has signed a €150 million loan agreement with Alfasigma, a global pharmaceutical company founded in Italy, whose products are present in more than 100 markets worldwide.

    The agreement, announced today by EIB Vice-President Gelsomina Vigliotti and Alfasigma’s Chief Financial Officer Tatiana Simonelli, will support the development of breakthrough therapies in the areas of rare diseases and specialty care. The EIB financing aims to support Alfasigma’s R&D activities over the three-year period from 2025 to 2027, focusing on new treatments in gastroenterology and hepatology, vascular medicine, and rheumatology. It will help accelerate the translation of scientific advances into patient-centred solutions, aiming to address unmet needs and deliver high-impact health outcomes.

    The operation is part of the EIB’s strategy to bolster competitiveness and innovation in the European healthcare sector and to create highly skilled jobs.

    “This financing confirms the EIB’s commitment to promoting scientific innovation and supporting European biopharmaceutical research,” said EIB Vice-President Gelsomina Vigliotti. “Investing in research, development and innovation is key to strengthening Europe’s industrial competitiveness and to offering new therapeutic solutions to those currently without alternatives.”

    “We are grateful to the EIB for this agreement, which will help us to fast-track our ambitious growth strategy, particularly in expanding our footprint in rare diseases and specialty care innovations to better address the unmet needs of the patients and communities we serve”, said Alfasigma Chief Financial Officer Tatiana Simonelli.

    Background information

    The European Investment Bank (ElB) is the long-term lending institution of the European Union, owned by its Member States. Built around eight key priorities, we finance investments that contribute to EU policy objectives by bolstering climate action and the environment, digitalisation and technological innovation, security and defence, cohesion, agriculture and bioeconomy, social infrastructure, the capital markets union, and a stronger Europe in a more peaceful and prosperous world.  The EIB Group, which also includes the European Investment Fund (EIF), signed over 900 projects worth nearly €89 billion in 2024, boosting Europe’s competitiveness and security. The EIB Group signed 99 operations totalling €10.98 billion in Italy in 2024, helping to unlock almost €37 billion of investment in the real economy. All projects financed by the EIB Group are in line with the Paris Climate Agreement, as pledged in our Climate Bank Roadmap. Almost 60% of the EIB Group’s annual financing supports projects directly contributing to climate change mitigation, adaptation, and a healthier environment. Fostering market integration and mobilising investment, the funds made available by the Group unlocked over €100 billion in new investment for Europe’s energy security in 2024 and mobilised a further €110 billion for startups and scale-ups. Around half of the EIB’s financing within the European Union is directed towards cohesion regions, where per capita income is lower than the EU average.

    Alfasigma is a global pharmaceutical company founded over 75 years ago in Italy, where it is headquartered (in Bologna and Milan). The group operates in over 100 markets spanning Europe, North and South America, Asia and Africa. It has offices in many countries, including Italy, the United States, Spain, Germany, Mexico and China; production sites in Italy (Pomezia, Rome; Alanno, Pescara; Sermoneta, Latina; and Trezzano Rosa, Milan), Spain (Tortosa, Baix Ebre) and the United States (Shreveport, Louisiana); and research and development labs in Italy (Pomezia and Bergamo). Alfasigma employs approximately 4 000 people dedicated to research, development, production and distribution of medicinal products, contributing to its mission to provide better health and a better quality of life for patients, caregivers and healthcare providers. It focuses on three main therapeutic areas: gastroenterology, vascular and rheumatology. Its portfolio ranges from speciality care to rare disease medications and consumer health products, including nutraceuticals.

    MIL OSI Europe News –

  • MIL-OSI Europe: Press release – EP TODAY

    Source: European Parliament

    Danish Presidency

    At 10:30, Mette Frederiksen, Prime Minister of Denmark, will present her country’s priorities for its six-month Council presidency, which began on 1 July. Maroš Šefčovič, European Commissioner responsible for interinstitutional relations will also attend. Parliament President Roberta Metsola will hold a press conference with Prime Minister Frederiksen in the Daphné Caruana Galizia press room from 12:15.
    Thomas HAAHR
    (+32) 470 88 09 87
    presse-DK@europarl.europa.eu

    EU-China relations

    Earlier, at 9:00, the day will begin with a joint debate on EU China relations. MEPs will first prepare for the 2025 EU-China summit, to take place later in July. Plenary will then move on to discuss the issue of China’s export restrictions on critical raw materials. A vote on a resolution on the latter is scheduled for Thursday. The debate will include statements by European Commission President Ursula von der Leyen, and Danish European Affairs Minister Marie Bjerre, for the Council.
    Viktor ALMQVIST
    (+32) 470 88 29 42
    Snjezana KOBESCAK SMODIS
    (+32) 470 96 08 19
    @EP_ForeignAff

    Situation in the Middle East

    In a mid-afternoon debate with Danish European Affairs Minister Marie Bjerre and Commissioner Jessika Roswall, MEPs will review the latest events in the Middle East and what the EU can do to help restore peace.
    Viktor ALMQVIST
    (+32) 470 88 29 42
    Snjezana KOBESCAK SMODIS
    (+32) 470 96 08 19
    @EP_ForeignAff

    European Climate Law

    A new 2040 greenhouse gas reduction target of 90% compared with 1990 levels, to be included in the EU Climate Law, is one of a new set of proposals adopted by the Commission on 2 July. Members will vote at noon on whether to fast-track Parliament’s work on the file. A debate with Commissioner Wopke Hoekstra on the proposals will start at about 15:30.
    Thomas HAAHR
    (+32) 470 88 09 87
    @EP_Environment

    In brief

    Gas storage. Members will vote at noon on a draft law to address gas market speculation and reduce prices by introducing greater flexibility in gas refilling rules ahead of the winter season. Parliament and Council have already reached an informal agreement on the file.

    Chemicals package. An action plan to boost the EU’s chemicals industry and measures to simplify EU chemicals laws are part of a new package Commission Executive Vice-President Stéphane Séjourné and Commissioner Jessika Roswall will present to Parliament at 15:00.

    Media freedom. The implementation of the European Media Freedom Act (EMFA) will be the subject of a debate with Danish European Affairs Minister Marie Bjerre and Commissioner Michael McGrath starting after the votes. A seminar on the EMFA for journalists, with key MEPs and experts, will take place at 15:00 in room De Madariaga S5. Journalists can follow it in person or via Interactio.

    Enlargement. In the evening, Parliament and Commission Executive Vice-President Stéphane Séjourné and Commissioner Jessika Roswall will debate the Commission’s 2023 and 2024 reports on progress made by Albania, Bosnia and Herzegovina, North Macedonia and Georgia towards EU accession. The votes will take place on Wednesday.

    Votes

    At noon, MEPs will vote, among others, on:

    • whether to endorse Bulgaria’s adoption of the euro;
    • security of energy supply in the EU;
    • the EU-Greenland and Denmark Sustainable Fisheries Partnership Agreement;
    • the progressive start of operations of the Entry/Exit System;
    • the European Investment Bank’s 2024 annual report;
    • preserving the memory of victims of Slovenia’s post-war communist period.

    Live coverage of the plenary session can be found on Parliament’s webstreaming site and on EbS+.

    For detailed information on the session, please also see our newsletter.

    Find more information regarding plenary.

    MIL OSI Europe News –

  • MIL-OSI Banking: Samsung IGNITE: A Legacy of Learning, Leadership, and Lifelong Impact

    Source: Samsung

    A look back at faces who took their first career steps with Samsung IGNITE
     
    Samsung India didn’t just launch a summer internship programme in 2017 with IGNITE — it laid the foundation for a leadership pipeline that would help shape its future.
     
    What began as an HR initiative to strengthen campus relationships and bring fresh perspectives to the business, has grown into a flagship talent engine that now spans 16 top B-schools in India.
     
    IGNITE alumnus, Ayushi Anand from IIM Kozhikode, said: “Samsung gave me the freedom to explore, question, and contribute. It wasn’t just a summer internship — it felt like joining a family.”
     
    IGNITE: Turning ambition into achievement

    A Culture that Prepares, not Just Recruits
    The journey begins much before summer. Planning for IGNITE starts as early as Q2, when Samsung’s Talent Acquisition team, Business HRs, Regional HRs, and business leaders come together to design the next cohort’s experience.
     
    “Over the years, we’ve seen it shape careers in the most fascinating way,” said Rishabh Nagpal, Head of People Team, Samsung India. “At Samsung, we believe that building future leaders starts with investing in them early, not just with opportunities, but with trust. IGNITE is not just a programme but a powerful platform that connects young talent to real-world challenges and our culture of innovation.”
     
    From selecting campuses based on performance and alumni strength to assigning live business projects with cross-functional complexity, every detail is planned meticulously to ensure interns get far more than a desk and a deadline.
     
    A journey that began with curiosity and grew into careers
     
    Beyond the Offer Letter: A Two-Month Transformation
    The IGNITE internship begins with a two-day induction where students are introduced to Samsung’s ways of working, its values, and its leadership. What follows is an 8-week deep dive into the business — with ownership, mentorship, and structured checkpoints at every step.
     
    Leadership connects are woven into the internship: a kickoff session, mid-internship check-in, project review preparations, and a final showcase. Throughout, interns work closely with cross-functional teams, learning how a company of Samsung’s scale moves fast, thinks forward, and never loses sight of the customer.
     
     
    As one IGNITE alumnus, Keshav Harlalka from IIFT, puts it: “For me, the biggest learning was that real innovation doesn’t start with tech, it starts with the consumer.”
     
    A Programme that Evolves with Its People
    Over the years, IGNITE has grown in more ways than one — expanding its reach, diversifying its projects, and tailoring its structure to Gen Z’s appetite for hands-on learning.
     
    “Gen Z isn’t content with research alone — they want to be out in the field, solving real problems,” said Manisha Gambhir, Director, Talent Acquisition, Samsung India. “So, we design projects that are immersive, challenging, and relevant — from retail strategy to product launches and digital transformation.”
     
    “GenZ isn’t content with research alone – they want to work closely with business leaders and the real changemakers.” said Manisha Gambhir, Director, Talent Acquisition, Samsung India. “So, we design projects that are immersive, challenging, and relevant — from retail strategy to product launches and business transformation.”
     
    This evolution includes new engagement channels like Samsung EDGE, a case study competition which builds year-round interactions with prospective talent through live projects, leadership sessions, and corporate readiness programmes.
     
    This evolution includes other engagement channels like Samsung EDGE, a case study competition which builds deeper and profound interactions with prospective talent through real world business problem solving, leadership sessions, and corporate mentoring.
     
    Building More than Careers
    For many students, IGNITE is their first taste of the corporate world. And it’s designed to be memorable. From relocation assistance to personal mentorship, every aspect is crafted to empower.
     
    Atharva Joshi from XLRI recalls a moment of trust: “When I pointed out a gap in my project, my manager didn’t dismiss it; he asked me to build a solution. That trust meant everything,” he said.
     
    These stories are not outliers. They are the essence of IGNITE, a programme that believes in people before positions and sees potential before performance.
     
    Behind the Scenes: Heart and Hustle
    What the world often doesn’t see is the enormous orchestration behind IGNITE. The undeterred support from Samsung’s leadership, the rigorous standardisation across regions, the continuous benchmarking of stipends and structures — all aimed at making IGNITE one of India’s most competitive and coveted internship platforms.
     
    As Samsung IGNITE moves into its next year, the vision is clear — deeper engagement, stronger mentorship, and an unshakable belief in building tomorrow’s leaders today.

    MIL OSI Global Banks –

  • MIL-OSI Russia: Uzbekistan’s external debt in the first quarter amounted to $68.4 billion

    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

    Tashkent, July 8 (Xinhua) — Uzbekistan’s total external debt amounted to $68.4 billion in January-March 2025, local media reported on Monday, citing the Central Bank of the republic.

    According to the report, the country’s external debt increased by US$4.3 billion in the first quarter. US$35.8 billion is external government debt, while US$32.6 billion is corporate debt.

    Let us recall that in 2024, Uzbekistan’s total external debt amounted to 64.1 billion US dollars. –0–

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

    .

    MIL OSI Russia News –

  • MIL-OSI Africa: Grants review process to ascertain eligibility of beneficiaries

    Source: Government of South Africa

    The South African Social Security Agency (SASSA) has noted commentary about the social grants review process that the agency is currently undertaking to ascertain the eligibility of identified beneficiaries suspected of having additional income that was not disclosed.

    SASSA said it would like to categorically state that there has been no suspension of social grants as stated during the review process.

    In a statement, SASSA explained that grants get delayed momentarily until a beneficiary has successfully completed the review process. 

    “This review is not a punitive measure to deliberately exclude any deserving beneficiary, but it is intended to ensure continued eligibility and prevent misuse of public funds,” it said.

    SASSA CEO, Themba Matlou, has assured grant beneficiaries and the public that SASSA is undertaking the social grants review process for the better good of the government fiscus, thus ensuring that grants are paid to eligible beneficiaries and all the fraudulent elements are rooted out. 

    Matlou stressed that in terms of the Social Assistance legislative framework, beneficiaries are legally required to fully disclose all sources of income during their initial application, adding that they are obligated to inform SASSA of any changes to their financial circumstances after their application has been approved and failure to comply with these requirements constitutes a violation of the Social Assistance legislation and may result in corrective action.

    “The review of social grants helps identify beneficiaries who may no longer qualify due to changes in financial, medical, or legal circumstances and serves as a confirmation of life or existence, ensuring that grants are not paid out to deceased individuals or those who have relocated without updating their records. 

    “More importantly, reviews allow SASSA to detect and prevent cases where individuals continue receiving grants despite being listed on payroll systems of other entities, public or private,” he said. 

    Matlou said work is underway to capacitate all SASSA local offices to ensure that they are able to handle the large volumes of people flocking into the offices for various services including those coming in for a review.

    Beneficiaries who have been affected by the grants review are encouraged to visit their nearest SASSA local office and bring the following documents:

    – Valid South African ID,

    – Proof of income (payslips, pension slips, or affidavits if no longer employed or employment discharge confirmations),

    – Bank statements for the last 3 months for all active bank accounts,

    – Proof of residence (utility bill or letter from a local authority),

    – Medical referral report (if applicable, for disability or care dependency grants) – to confirm disability status,

    – Marriage certificate or divorce decree (if applicable),

    – Death certificate (if some death has occurred for example child, spouse etc),

    – Any other supporting documents relevant to your grant type (ebirth certificates for Child Support Grants, school attendance proof for Foster Care Grants).

    If a beneficiary is bedridden or unable to visit a SASSA office, a procurator may be appointed to represent you. To complete this, beneficiaries are encouraged to contact their local office for assistance in appointing a procurator.

    Beneficiaries are urged to comply with the SASSA review request. Failure to respond to any official communication from the agency may result in delays in future payments, leading to a suspension or lapsing of the beneficiary’s grant and legal proceedings may be instituted.

    “Whilst the review of social grants in an ongoing process, SASSA is working hard to automate the review process by introducing self-service options using online platforms to make it easier for our beneficiaries and reduce queues in our local offices,” said the agency. – SAnews.gov.za

    MIL OSI Africa –

  • MIL-OSI New Zealand: Child Fund – World’s poorest hit by double whammy – trade war plus a war on aid

    Source: ChildFund New Zealand

    President Trump has announced his latest tariffs after a 90 day pause, confirming an increase for 14 countries, including some of the poorest.
    Today’s announcement includes 40% tariff on goods from Myanmar and Laos, and a 36% tariff on goods from Thailand and Cambodia.
    “We are still waiting to see if he will carry through on his threat to increase tariffs on Pacific Island countries,” says Josie Pagani, CEO of ChildFund.
    In April Trump announced tariffs in the Pacific, with Fiji likely to be charged the most at 32 per cent. Nauru, one of the smallest nations in the world would be hit with a 30 per cent tariff, while Vanuatu would get a 22 per cent tariff.
    The US is Fiji’s top export destination, with Fijian exports totalling $US360 million in 2023.
    Kava represents 70 per cent of Vanuatu exports, and the US is one of its primary export destinations for the local drink.
    “If Vanuatu gets lumped with a 22% tariff on top of cuts to US aid, while it is still struggling to recover from last year’s earthquake, it will be a real blow to its economy,” says Josie Pagani.
    “Being hit with a double whammy – cuts to aid budgets and a trade war – could wreak havoc on the world’s most indebted countries.”
    Low to middle-income countries’ debt levels have more than doubled since 2009 and the cost of servicing that debt has grown.
    “These tariffs make it harder for countries to trade their way out of poverty. It decreases the value of their exports, therefore reducing countries’ access to foreign currencies, which they need to pay back their external debt.”
    “There is some hope. Some developing countries will find new markets in Europe, Southeast Asia and the Pacific, including New Zealand and Australian markets. There are also other development banks who can lend to poor countries, for example the European Investment Bank and the Asian Infrastructure Investment Bank. The U.S. is not a member of either.
    “But there is no doubt that today’s tariff announcement will make it hard for countries to wean themselves off aid by increasing trade. The world is set to become a more dangerous place. The last thing we need now,” says Josie Pagani.

    MIL OSI New Zealand News –

  • MIL-OSI Video: Focus Session – Advancing TARGET Services with DLT transactions in central bank money

    Source: European Central Bank (video statements)

    Focus Session – Advancing TARGET Services with DLT transactions in central bank money
    https://www.ecb.europa.eu/press/intro/events/html/fs_20250715.en.html

    10:10
    Welcome address
    The Eurosystem launched a strategy to settle transactions recorded on distributed ledger technology (DLT) using central bank money. The initiative follows a two-track approach – Pontes and Appia – and will be built on the exploratory work on new technologies for wholesale central bank money settlement done with market participants in 2024. Learn more about how this strategy supports the wider EU policies and contributes to a harmonised and integrated European financial ecosystem.
    Dimitri Pattyn, Deputy Director General, ECB

    10:20
    Findings from the exploratory work
    The Eurosystem tested three interoperability-type solutions in 2024 together with 64 participants which conducted 50 trials and experiments, with the aim of exploring the potential use of DLT to settle wholesale financial transactions. Learn more about the results of the exploratory work and the lessons learnt.
    Holger Neuhaus, Head of Division, ECB

    10:40
    Short-term track: Pontes
    Deep dive into one of the tracks – Pontes which will provide a short-term offering to the market – including a pilot phase. It will offer euro central bank money settlement, linking market DLT platforms and TARGET Services to settle financial transactions. Learn more about the project roadmap and how you can be involved.
    George Kalogeropoulos, Deputy Head of Division, ECB

    11:10
    Long-term track: Appia
    The ECB will provide insights on its work on the long-term integrated ecosystem using DLT, the collaboration with public and private stakeholders, and the international dimension.
    Holger Neuhaus, Head of Division, ECB

    11:25
    Closing remark
    Dimitri Pattyn, Deputy Director General, ECB

    https://www.youtube.com/watch?v=4-EPSgBv4I8

    MIL OSI Video –

  • MIL-OSI Banking: Secretary-General of ASEAN joins ASEAN Foreign Ministers in an Interface with Representatives of AICHR

    Source: ASEAN

    Secretary-General of ASEAN, Dr. Kao Kim Hourn, today participated in the ASEAN Foreign Ministers’ Interface with Representatives of the ASEAN Intergovernmental Commission on Human Rights (AICHR), held on the sidelines of the 58th ASEAN Foreign Ministers’ Meeting (AMM) and Related Meetings, in Kuala Lumpur, Malaysia. The Interface saw candid exchanges between the Ministers and AICHR Representatives on human rights in the region and highlighted the important role of AICHR in supporting ASEAN’s efforts in achieving its Community Vision 2045. The AICHR representatives also submitted the AICHR Annual Report 2025 to the 58th AMM for notation.

    The post Secretary-General of ASEAN joins ASEAN Foreign Ministers in an Interface with Representatives of AICHR appeared first on ASEAN Main Portal.

    MIL OSI Global Banks –

  • MIL-OSI Asia-Pac: Enhancement Arrangements for Offshore RMB Bond Repurchase Business announced by HKMA

    Source: Hong Kong Government special administrative region

    The following is issued on behalf of the Hong Kong Monetary Authority:

    The Hong Kong Monetary Authority (HKMA) announced today (July 8) enhancements to the offshore RMB bond repurchase (repo) business (Note 1), to facilitate the participation of Northbound Bond Connect investors in repo business. In particular, the enhancements include:

    1. Supporting the rehypothecation of bond collaterals during the repo period (Note 2):

    The offshore RMB repo business has been well received by the market since its official launch on February 10, 2025. In this initial phase, the bond collaterals acquired by participating institutions are locked and managed by the Central Moneymarkets Unit (CMU) platform and cannot be re-used during the repo period. In consultation with relevant Mainland authorities and taking into account industry feedback, we will allow rehypothecation of bond collateral during the repo period, bringing this into alignment with international market practice. The enhancement will facilitate more efficient use of collaterals, reduce the financing costs for market participants, and enhance the efficiency of liquidity management.

    In particular, bond collaterals can be re-used during the repo period in four specific use cases: a) for re-use in offshore repo transactions; b) as collateral for the HKMA’s RMB Liquidity Facility; c) as margin collateral at OTC Clearing Hong Kong Limited (OTCC); and d) for cash bond trading through Northbound Bond Connect. Participating institutions shall follow relevant policies and operational rules for the respective use cases when re-using the collateral (for instance, if the collateral is re-used in a new offshore repo transaction during the repo period, the participating institution should follow the latest arrangements of offshore RMB repo business as set out further below).

    2. Supporting cross-currency repo (including HKD, USD and EUR):

    At present, offshore RMB repo can only be settled in RMB. With the enhancement, settlement in other currencies (including HKD, USD and EUR) will be supported, with a view to facilitating participating institutions’ multi-currency funding activities by collateralising onshore RMB bond holdings, enriching their liquidity management tools, and hence increasing the attractiveness of onshore bonds.

    These two enhancement measures aim to adopt international market best practices and enhance operational efficiency. They will further expand the depth and breadth of the offshore repo market, improve the market-based mechanism for offshore RMB liquidity management, and broaden the use of onshore RMB bonds as collateral in the offshore market.

    The above arrangements will be officially launched on August 25, 2025.

    Latest Arrangements of Offshore RMB Repo Business

    To facilitate the smooth implementation of the enhancement measures, the latest arrangements for offshore RMB repo transactions (including repo transactions conducted using bond collateral acquired through a repo transaction) are set out as follows:

    1. Participating Institutions:

    All existing Northbound Bond Connect investors, including CMU members and offshore investors with CMU sub-accounts opened through Hong Kong custodian banks that are CMU members.

    2. Eligible Bonds:

    Bonds held by participating institutions under Northbound Bond Connect, and bond collaterals acquired through offshore repo transactions, regardless of bond type.

    3. Market Maker Arrangement:

    The 11 Primary Liquidity Providers designated by the HKMA (Note 3) will serve as market makers. Each repo transaction must involve at least one of these market makers as a counterparty.

    4. Transaction and Settlement Arrangements:

    (a) Master Agreement: Participants may choose their own repo agreement template (e.g., Global Master Repurchase Agreement (GMRA) or National Association of Financial Market Institutional Investors (NAFMII)’s Bond Repurchase Master Agreement, etc.).

    (b) Trading Arrangement: Transactions may be conducted:
     

    1. bilaterally over-the-counter;
    2. in the same manner as existing Northbound Bond Connect transactions, and via the linkage between the infrastructures in the onshore and offshore markets;
    3. through offshore electronic trading platforms; or
    4. through onshore electronic trading platform.

    (c) Settlement Arrangement: Settlement will be completed under the Repo Service by CMU. Settlement currencies include RMB, HKD, USD and EUR.

    5. Data Reporting:

    Market makers are required to report repo transaction data (Note 4) to the HKMA on the same day of the transaction for market monitoring purpose. The HKMA will further communicate with the market makers to finalise the reporting requirements and submission channels.

    The operational details for bond transfer and settlement will be announced by CMU separately. The HKMA will continue to closely monitor market conditions to ensure orderly market operations. The HKMA will also maintain communication with the industry and review and adjust the arrangements as appropriate to support the robust and sustainable development of offshore RMB business.

    Note 1: The HKMA announced the launch of offshore RMB bond repo business on January 13, 2025 (please refer to the HKMA press release). This measure was implemented on February 10, 2025.

    Note 2: Operational details will be announced by CMU later. Currently, the rehypothecation of bond collateral is only applicable to repo transactions settled in the Delivery versus Payment model. The timeline for CMU’s tri-party repo service to support the rehypothecation of bond collateral will be notified separately in due course.

    Note 3: Including 1) Agricultural Bank of China Limited, 2) Bank of China (Hong Kong) Limited, 3) Bank of Communications Co., Ltd., 4) BNP Paribas, 5) China CITIC Bank International Limited, 6) China Construction Bank (Asia) Corporation Limited, 7) Citibank, N.A., 8) Hang Seng Bank Limited, 9) The Hongkong and Shanghai Banking Corporation Limited, 10) Industrial and Commercial Bank of China (Asia) Limited and 11) Standard Chartered Bank (Hong Kong) Limited.

    Note 4: The specific information to be reported includes: names of the trading institutions (including both the repo party and the reverse repo party), total amount of funds borrowed by the repo party, bond name, bond code, repo term, total face value, repo rate, transaction/first settlement date, settlement amount, trading platform/means, default-related information etc.

    MIL OSI Asia Pacific News –

  • MIL-OSI Russia: Chinese Premier Calls for Commitment to Building Open Global Economy

    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

    RIO DE JANEIRO, July 8 (Xinhua) — Addressing the plenary sessions of the 17th BRICS summit on Sunday and Monday, Chinese Premier Li Qiang called for commitment to building an open world economy, opposed unilateralism and protectionism, and stressed the need to maintain stability and smooth operation of industrial and supply chains.

    At the plenary sessions, the Chinese premier also touched upon topics such as strengthening multilateralism, artificial intelligence, environmental protection and climate change, and global health. The sessions were attended by leaders of BRICS countries, partner countries, guest countries, and representatives of international organizations.

    Li Qiang noted that the current international economic and trade order and the multilateral trading system are facing serious challenges, and global economic recovery remains a difficult task. In expanding cooperation, BRICS should remain true to the founding purpose of the organization, meet the demands of the times, uphold and practice multilateralism, promote a fair and open international economic and trade order, join forces in the Global South, and make greater contributions to global stability and development, he said.

    According to the Prime Minister, when expanding cooperation, BRICS must support the basic principles of the World Trade Organization (WTO) and promote liberalization and simplification of trade and investment procedures.

    Mentioning the establishment of the China Cooperation Center for the Development of Special Economic Zones in the BRICS countries this year, Li Qiang expressed China’s readiness to work with all parties to build a network of practical cooperation.

    He called on all parties to remain committed to strengthening international financial cooperation, expressing support for the expansion and strengthening of the New Development Bank and welcoming the willingness of countries in the Global South to invest in China’s financial market.

    He called for an accelerated review of the World Bank’s equity stakes and the adjustment of quota shares by the International Monetary Fund, and stressed the need to enhance the representation and voice of developing countries.

    Li Qiang noted that greater cooperation within BRICS should open up a “new blue ocean” of economic growth, calling for cooperation in new areas such as the digital and green economy, to make artificial intelligence (AI) the driving force of all industries and benefit every household, and to help strengthen the capacity of countries in the Global South.

    China will launch the Global South Digital Development Initiative under the Global Development Initiative and plans to provide 200 training programs on digital economy and AI to Global South countries over the next five years, he said.

    He added that China welcomes the participation of all countries in the World Conference on Artificial Intelligence to be held later in July.

    Highlighting the growing risks in the areas of climate, environment and health, Li Qiang said the international community should form a broad consensus, take active actions and join efforts to address common challenges.

    He called on the international community to strengthen global synergy in combating climate change, resolutely implement the UN Framework Convention on Climate Change and the Paris Agreement, adhere to the principle of common but differentiated responsibilities, and deepen cooperation in clean energy, carbon markets and other areas.

    Developed countries must fulfill their commitments to climate change financing, technology transfer and other areas, Li Qiang stressed.

    According to him, the world must achieve more tangible results in the field of environmental protection, adhere to the principle of harmonious coexistence between humanity and nature, advocate for a systems approach to management and more effectively implement the Convention on Biological Diversity and the UN Convention to Combat Desertification.

    He also called for increased capacity building for public health systems, calling on the international community to support the World Health Organization’s coordinating role in global health governance, make full use of platforms such as the BRICS Vaccine Research and Development Centre, and provide more public goods to countries in the Global South.

    China always fulfills its obligations and makes active contributions to global challenges within its capabilities, Li said, adding that China will continue to take concrete actions, fulfill its responsibilities and cooperate with all parties to promote greener, healthier and more sustainable global development.

    The summit resulted in the adoption of the BRICS Leaders’ Statement on Global Governance in Artificial Intelligence and the BRICS Leaders’ Framework Declaration on Climate Finance. –0–

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

    .

    MIL OSI Russia News –

  • MIL-OSI China: Announcement on Open Market Operations No.129 [2025]

    Source: Peoples Bank of China

    Announcement on Open Market Operations No.129 [2025]

    (Open Market Operations Office, July 8, 2025)

    The People’s Bank of China conducted reverse repo operations in the amount of RMB69 billion through quantity bidding at a fixed interest rate on July 8, 2025.

    Details of the Reverse Repo Operations

    Maturity

    Rate

    Bidding Volume

    Winning Bid Volume

    7 days

    1.40%

    RMB69 billion

    RMB69 billion

    Date of last update Nov. 29 2018

    2025年07月08日

    MIL OSI China News –

  • BRICS must amplify voice of Global South: FM Nirmala Sitharaman

    Source: Government of India

    Source: Government of India (4)

    Union Finance and Corporate Affairs Minister Nirmala Sitharaman, while attending the BRICS Finance Ministers and Central Bank Governors Meeting in Rio de Janeiro on Monday, underscored the importance of the BRICS grouping in representing the interests of the Global South.

    Highlighting India’s economic resilience, Sitharaman credited strong domestic demand, sound macroeconomic management, and targeted fiscal measures for the country’s robust performance. She also noted that India’s policy response to global trade and financial restrictions has focused on market diversification, infrastructure-led growth, and structural reforms to enhance competitiveness and productivity.

    Calling BRICS a vital platform for promoting inclusive multilateralism, the Finance Minister emphasized that at a time when global institutions face crises of legitimacy and representation, BRICS must lead by example – reinforcing cooperation, pushing for credible reforms, and amplifying the voice of the Global South.

    Sitharaman also stressed that while South-South cooperation is crucial to achieving climate and development goals, the Global South should not be expected to bear the primary burden of climate action. She urged deeper cooperation among BRICS nations on sustainable development.

  • MIL-OSI Africa: Global Financing Shifts to Advance African Coal, Uranium Prospects Ahead of African Mining Week (AMW) 2025

    Source: APO


    .

    As Africa moves to fully harness its coal and uranium resources for economic growth, major shifts in the global financing landscape in 2025 are set to unlock new opportunities across the continent. In June, international finance institution The World Bank lifted its ban on financing nuclear projects – marking its re-entry into the nuclear value chain for the first time since 1965. In May, the U.S. export agency the Export-Import Bank of the United States (EXIM) ended its 12-year restriction on funding international coal projects.

    Coal, uranium and investment market trends will take center stage at the upcoming African Mining Week (AMW) 2025 – Africa’s premier gathering for mining stakeholders – taking place on October 1 – 3 in Cape Town. The event will feature high-level panel discussions, project showcases and exclusive networking sessions, showcasing how global capital and African leadership are aligning to unlock the potential of coal and uranium value chains for sustainable development.

    Africa’s coal sector has seen notable progress in 2025. In March, South Africa’s Seriti Resources launched the R500 million Naudesbank Colliery in Mpumalanga Province, producing one million tons annually in its first phase. The launch reinforces South Africa’s role as the continent’s leading coal producer. Concurrently, mining company Menar is advancing several coal and anthracite projects with a R7 billion investment plan through 2026, including the Bekezela and Sukuma mines in South Africa’s Gauteng province. The initiatives align with South Africa’s decision to classify coal as a critical mineral due to its economic and strategic importance. Ethiopia is also ramping up exploration, with coal reserves now estimated to exceed one billion tons. At AMW, a panel titled Coal’s Indispensable Role: Powering Africa’s Downstream Processing and Manufacturing Boom will showcase policies and incentives being used by African markets to attract investments across the coal value chain.

    On the uranium front, the World Bank’s ban reversal offers renewed access to international financing – creating a pathway for expansion in Africa’s uranium-rich countries. Several projects have gained momentum in 2025. Lotus Resources is progressing with its 3-million-pound-per-year Letlhakane Uranium Project in Botswana, as well as the Kayelekera Mine in Malawi. In Tanzania, Moab Minerals secured a $500,000 investment from European Lithium for its Manyoni Uranium Project. Meanwhile, GoviEx Uranium is advancing development of its Muntanga Project in Zambia, with an expected annual output of 2.2 million pounds. Additionally, countries including Namibia, Mali, Ghana, Senegal, the Republic of Congo and Kenya have signed agreements to develop nuclear energy programs, underlining Africa’s growing focus to leverage its vast uranium resources for energy resilience. The continent’s biggest uranium producers Niger and Namibia also have several new and expansion projects underway.

    These milestones represent a new era of investment potential across Africa’s coal and uranium industries, with African Mining Week 2025 serving as a key platform for governments, investors and industry stakeholders to collaborate and catalyze long-term growth.

    Distributed by APO Group on behalf of Energy Capital & Power.

    About African Mining Week:
    African Mining Week serves as a premier platform for exploring the full spectrum of mining opportunities across Africa. The event is held alongside the African Energy Week: Invest in African Energies 2025 conference from October 1-3 in Cape Town. Sponsors, exhibitors and delegates can learn more by contacting sales@energycapitalpower.com.

    MIL OSI Africa –

  • MIL-OSI Africa: African Continental Free Trade Area (AfCFTA) Adjustment Fund Credit Fund closes its first deal – US$ 10 million investment in Telecel Global Services Ltd

    Source: APO


    .

    The Credit Fund of the AfCFTA Adjustment Fund has successfully closed its first investment, committing US$10 million to Telecel Global Services Ltd, through a senior secured amortising loan. The transaction marks a significant milestone in the operationalisation of the Fund.

    The Credit Fund is one of three Funds under the AfCFTA Adjustment Fund, established by the AfCFTA Secretariat and African Export-Import Bank (Afreximbank) to provide targeted  transitional support to AfCFTA State Parties  and private sector entities as they adjust to the requirements and opportunities presented by the AfCFTA Agreement.

    Telecel Global Services, a subsidiary of the Mauritius-based Telecel Group, provides wholesale voice and SMS services and enterprise connectivity solutions to more than 250 telecom operators across Africa and globally. With digital connectivity being at the heart of the trade and economic integration and success of the AfCFTA, this facility will support Telecel’s expansion in Ghana and Liberia, strengthen its infrastructure, and contribute to bridging Africa’s digital divide through enhanced connectivity and digital inclusion. By investing in digital infrastructure in underserved markets, the Fund is helping reduce trade barriers, foster cross-boarder productivity and accelerate  inclusive industrialisation.

    Mr. Jean-Louis Ekra, Chairman of the Board of the AfCFTA Adjustment Fund Corporation, stated: “ The closing of our first deal marks a historic milestone for the Credit Fund and the broader vision of the AfCFTA. This US$10 million investment in Telecel Global Services is a clear demonstration of how targeted capital can drive meaningful impact—accelerating digital connectivity, enabling intra-African trade, and supporting private sector-led development in priority sectors. It is our commitment to ensure that such investments continue to bridge critical gaps, stimulate economic resilience, and unlock Africa’s vast potential.”

    H.E. Wamkele Mene, Secretary-General of the AfCFTA Secretariat, noted: “This transaction demonstrates how the AfCFTA Adjustment Fund is beginning to serve its intended purpose – supporting State Parties and the private sector as we work to make this Agreement commercially meaningful. By investing in digital infrastructure, we are addressing some of the most critical enablers of trade facilitation, industrialisation, and regional value chain development.”

    Prof. Benedict Oramah, President and Chairman of the Board of Directors of Afreximbank, added: “Today, we make another bold statement of our unwavering intent to ensure that Africans reap the benefits of the African Continental Free Trade Agreement. We are proud to have commenced the operationalisation of the Credit Fund. With this Fund, we will provide vital support to African corporates, helping them retool and expand their operations necessary to capitalise on the AfCFTA opportunities. The investment strengthens a critical enabler, the digital economy and regional connectivity, while reinforcing our long-term commitment to transforming the structure of the African economy. .”

    Marlene Ngoyi, CEO, FEDA, the Fund Manager of the AfCFTA Adjustment Fund, said: “This investment exemplifies the strategic intent of the Credit Fund – to catalyse growth and resilience in sectors that are vital for Africa’s structural transformation. We are proud to partner with Telecel, whose operations directly advance intra-African connectivity and digital trade.”

    The Credit Fund will continue to prioritise commercially viable investments that enable trade, support diversification, and promote inclusive growth in line with the broader AfCFTA implementation agenda.

    Distributed by APO Group on behalf of Afreximbank.

    About the AfCFTA Adjustment Fund:
    The AfCFTA Adjustment Fund consists of three sub-Funds namely, the Base Fund, the General Fund, and the Credit Fund. The Base Fund will utilise contributions from AfCFTA State Parties as well as grants and technical assistance to address tariff revenue losses that would result from the implementation of the AfCFTA Agreement. The General Fund will finance the development of trade enabling infrastructure while the Credit Fund will be used to mobilise commercial funding to support both the public and private sectors enabling them to adjust and take advantage of the opportunities created by the AfCFTA.

     About the African Continental Free Trade Area (AfCFTA):
    The African Continental Free Trade Area (AfCFTA) is one of the flagship projects of Agenda 2063: “The Africa We Want” and entered into force on 30 May 2019. It is a high ambition trade Agreement, which aims to bring together all 55 Member States of the African Union, covering a market of more than 1.3 billion people, with a comprehensive scope that includes critical areas of Africa’s economy, such as digital trade and investment protection, amongst other areas. By eliminating barriers to trade in Africa, the objective of the AfCFTA is to significantly boost intra-Africa trade, particularly trade in value-added production and trade across all services sectors of Africa’s economy, at a potential of 52.3 percent.

    About FEDA:
    The Fund for Export Development in Africa (“FEDA”) is the impacting investing subsidiary of Afreximbank, set up to provide equity, quasi-equity, and debt capital to finance the multi-billion-dollar funding gap (particularly in equity) needed to transform the Trade sector in Africa.

    FEDA pursues a multi-sector investment strategy along the intra-African trade, value-added export development, and manufacturing value chain which includes financial services, technology, consumer and retail goods, manufacturing, transport & logistics, agribusiness, as well as ancillary trade enabling infrastructure such as industrial parks.

    MIL OSI Africa –

  • MIL-OSI Banking: Damex (IOM) Limited

    Source: Isle of Man

    Notice is hereby given that Damex (IOM) Limited, which was registered under the Designated Businesses (Registration & Oversight) Act 2015, has been de-registered in accordance with 12(1)(a) of this Act with effect from 08/07/2025.

    MIL OSI Global Banks –

  • MIL-OSI Banking: BSTDB Invests EUR 40 million to Support Bulgaria’s Energy Security and Regional Integration

    Source: Black Sea Trade and Development Bank

    Press Release | 08-Jul-2025

    Financing Will Strengthen Bulgarian Energy Holding

    In a strategic move to advance energy resilience, sustainable infrastructure, and economic integration in the Black Sea region, the Black Sea Trade and Development Bank (BSTDB) has invested EUR 40 million in the latest bond issuance by the Bulgarian Energy Holding EAD (BEH), Bulgaria’s state-owned energy leader and a major electricity exporter in the Balkans.

    The BSTDB financing will support BEH in implementing strategic investment projects in the country, particularly the modernization of the national electricity transmission infrastructure. These investments aim to strengthen the country’s energy security, improve system reliability, and contribute to broader economic development.

    The investment also supports the goals of the Black Sea Economic Cooperation (BSEC) agenda by fostering infrastructure connectivity and sustainable energy systems — key pillars of regional development and integration among BSEC Member States.

    “Energy sector development is one of BSTDB’s top priorities in Bulgaria and across the Black Sea region,” said Dr. Serhat Köksal, President of BSTDB. “We are pleased to continue supporting Bulgarian Energy Holding’s investment programme, which aligns with our mandate to promote regional economic cooperation and integration. Enhancing energy infrastructure not only serves national needs but also contributes to a more connected and resilient Black Sea energy market.”

    “It is a pleasure to recognize BSTDB as a valued partner supporting our ongoing efforts in the energy sector. This partnership reflects our shared commitment to the development of key strategic projects that will strengthen energy security and promote sustainable development not only in Bulgaria, but across the wider region. We deeply appreciate BSTDB’s support and expertise, and we look forward to continuing our successful cooperation in the years to come,” said Valentin Nikolov, CEO of Bulgarian Energy Holding.

     

    Bulgarian Energy Holding EAD is the parent company of a group of subsidiaries and affiliates active in electricity generation, transmission, and supply, as well as natural gas transmission, supply, storage, and coal mining. BEH plays a central role in Bulgaria’s energy landscape, owning and operating the country’s main electricity generation assets, the national electricity transmission grid, and the gas transmission and transit network. As the public supplier of electricity and gas, it is a strategically vital institution for both domestic energy stability and regional energy cooperation.

    The Black Sea Trade and Development Bank (BSTDB) is an international financial institution established by Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Moldova, Romania, Russia, Türkiye, and Ukraine. The BSTDB headquarters are in Thessaloniki, Greece. BSTDB supports economic development and regional cooperation by providing loans, credit lines, equity and guarantees for projects and trade financing in the public and private sectors in its member countries. The authorized capital of the Bank is EUR 3.45 billion. For information on BSTDB, visit www.bstdb.org.

     

    Contact: Haroula Christodoulou

    : @BSTDB

    MIL OSI Global Banks –

  • MIL-Evening Report: Interest rates are on hold at 3.85%, as the Reserve Bank opts for caution over mortgage relief

    Source: The Conversation (Au and NZ) – By Stella Huangfu, Associate Professor, School of Economics, University of Sydney

    Thurtell/Getty Images

    The Reserve Bank of Australia has kept the cash rate at 3.85%, after cutting it in February and May.

    Those earlier moves were aimed at supporting the economy as growth slowed and inflation eased. This time, however, the bank chose to pause, signalling a more cautious stance.

    The decision will be hard for the millions of mortgage holders and aspiring home owners who were hoping for a cut.

    But as the bank’s monetary policy board explained:

    the board judged that it could wait for a little more information to confirm that inflation remains on track to reach 2.5% on a sustainable basis.

    The decision surprised many. Financial markets had priced in a 90% chance of a rate cut and the big four banks – ANZ, Westpac, Commonwealth and NAB – had forecast an easing in July.

    On Tuesday afternoon Treasurer Jim Chalmers, would not be drawn on whether the bank had made the right decision but did say:

    it was not the result millions of Australians were hoping for or what the market was expecting.

    By holding steady, the bank is signalling it is not yet fully convinced inflation is returning to target and is prepared to wait for further evidence before cutting again.

    The bank also cautioned that uncertainty in the world economy remains elevated, with the final scope of trade tariffs yet to play out.

    What’s behind this surprise decision?

    The economy grew just 0.2% in the March quarter, with annual growth slowing to 1.3%. This was well below trend and even weaker than the 0.6% pace recorded in the December quarter. The data points to a clear loss of momentum.

    Consumer spending has also remained soft. Retail sales rose only 0.2% in May, following flat or falling results in the two previous months.

    Food spending declined, and sales of household goods were unchanged. Many households are still feeling the squeeze from high interest rates, rising living costs, and low confidence in the economy.

    Inflation has continued to ease. May’s inflation figures showed headline inflation falling to 2.1%, while the Reserve Bank’s preferred trimmed mean – dropped to 2.4% – the lowest since late 2021.

    The trimmed mean is a measure of underlying inflation that excludes the most extreme price changes (both increases and decreases) in the consumer price index basket to give a clearer picture of inflation trends.

    Price pressures have eased across both goods and services, with no signs of wage-driven or second-round inflation taking hold.

    Despite this, the bank decided to pause. While inflation is generally in line with its forecasts, the bank noted:

    the June quarter CPI [consumer price index] figures were slightly stronger than expected at the margin.

    With rates already cut twice this year and broader economic conditions evolving as expected, the Reserve Bank judged it could wait for more data before making its next move.

    What happens next?

    Markets still expect two more cuts this year – in August and November – which would bring the cash rate down to 3.35% by the end of 2025. But this depends on how inflation, wages and the job market evolve.

    Wage growth is slowing. Private sector wages rose 3.3% over the year to March, the slowest pace since mid-2022.

    The unemployment rate stayed at 4.1% in May, with little change in how many people are working or looking for jobs. The job market is still solid, but signs of slowing are emerging.

    The Reserve Bank is likely to move carefully. While inflation pressures have eased, the board wants to be sure prices stay within its 2 to 3% target band. It’s also keeping an eye on the housing market. Home prices rose 0.4% in June and are now up 4.6% over the year.

    That renewed strength, helped by earlier rate cuts and limited supply, could make future decisions more complicated.

    Global conditions still matter

    As the monetary policy board noted, “uncertainty in the world economy remains elevated”. Slowing global growth and fragile trade conditions are adding to the complexity of the bank’s task.

    In Europe, economic growth is expected to reach just 0.9% this year, well below historical norms.

    China’s recovery also remains uneven, despite authorities targeting 5% growth. Weak private investment and ongoing challenges in the property sector continue to weigh on momentum.

    Meanwhile, global trade has stalled. The World Trade Organization expects trade volumes to fall 0.2% this year as tensions and tariffs continue to disrupt supply chains. Ongoing trade threats between the United States and China are also hurting investment and weighing on key Australian exports like resources and education.

    Tuesday’s decision to hold the cash rate steady highlights the Reserve Bank’s cautious approach in a shifting economic environment.

    Growth is soft, inflation has eased back within the target band, and household spending remains under pressure. But with inflation data slightly stronger than expected, the bank is choosing to wait for more confirmation before cutting again.

    This isn’t a change in direction – it’s a pause for more information. The message remains clear: the Reserve Bank is prepared to act, but only when the data warrant it.

    Stella Huangfu 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. Interest rates are on hold at 3.85%, as the Reserve Bank opts for caution over mortgage relief – https://theconversation.com/interest-rates-are-on-hold-at-3-85-as-the-reserve-bank-opts-for-caution-over-mortgage-relief-260310

    MIL OSI Analysis – EveningReport.nz –

  • MIL-Evening Report: The US has high hopes for a new Gaza ceasefire, but Israel’s long-term aims seem far less peaceful

    Source: The Conversation (Au and NZ) – By Ali Mamouri, Research Fellow, Middle East Studies, Deakin University

    US President Donald Trump has hosted Israeli Prime Minister Benjamin Netanyahu for dinner at the White House, where he has declared talks to end the war in Gaza are “going along very well”.

    In turn, Netanyahu revealed he has nominated Trump for the Nobel Peace Prize, saying:

    he is forging peace as we speak, in one country, in one region, after the other.

    Despite all the talk of peace, negotiations in Qatar between Israeli and Palestinian delegations have broken up without a breakthrough. The talks are expected to resume later this week.

    If an agreement is reached, it will likely be hailed as a crucial opportunity to end nearly two years of humanitarian crisis in Gaza, following the October 7 attacks in which 1,200 Israelis were killed by Hamas-led militants.

    However, there is growing scepticism about the durability of any truce. A previous ceasefire agreement reached in January led to the release of dozens of Israeli hostages and hundreds of Palestinian prisoners.

    But it collapsed by March, when Israel resumed military operations in Gaza.

    This breakdown in trust on both sides, combined with ongoing Israeli military operations and political instability, suggests the new deal may prove to be another temporary pause rather than a lasting resolution.

    Details of the deal

    The proposed agreement outlines a 60-day ceasefire aimed at de-escalating hostilities in Gaza and creating space for negotiations toward a more lasting resolution.

    Hamas would release ten surviving Israeli hostages and return the remains of 18 others. In exchange, Israel is expected to withdraw its military forces to a designated buffer zone along Gaza’s borders with both Israel and Egypt.

    The agreement being thrashed out in Doha includes the release of Israeli hostages, held in Gaza for the past 22 months.
    Anas-Mohammed/Shutterstock

    While the specific terms of a prisoner exchange remain under negotiation, the release of Palestinian detainees held in Israeli prisons is a central component of the proposal.

    Humanitarian aid is also a key focus of the agreement. Relief would be delivered through international organisations, primarily UN agencies and the Palestinian Red Crescent.

    However, the agreement does not specify the future role of the US-backed Gaza Humanitarian Fund, which has been distributing food aid since May.

    The urgency of humanitarian access is underscored by the scale of destruction in Gaza. According to Gaza’s Health Ministry, Israel’s military campaign has killed more than 57,000 Palestinians. The offensive has triggered a hunger crisis, displaced much of the population internally, and left vast areas of the territory in ruins.

    Crucially, the agreement does not represent an end to the war, one of Hamas’s core demands. Instead, it commits both sides to continue negotiations throughout the 60-day period, with the hope of reaching a more durable and comprehensive ceasefire.

    Obstacles to a lasting peace

    Despite the apparent opportunity to reach a final ceasefire, especially after Israel has inflicted severe damage on Hamas, Netanyahu’s government appears reluctant to fully end the military campaign.

    There is scepticism a temporary ceasefire would lead to permanent peace.
    Anas-Mohammed/Shutterstock

    A central reason is political: Netanyahu’s ruling coalition heavily relies on far-right parties that insist on continuing the war. Any serious attempt at a ceasefire could lead to the collapse of his government.

    Militarily, Israel has achieved several of its tactical objectives.

    It has significantly weakened Hamas and other Palestinian factions and caused widespread devastation across Gaza. This is alongside the mass arrests, home demolitions, and killing of hundreds of Palestinians in the West Bank.

    And it has forced Hezbollah in Lebanon to scale back its operations after sustaining major losses.

    Perhaps most notably, Israel struck deep into Iran’s military infrastructure, killing dozens of high-ranking commanders and damaging its missile and nuclear capabilities.

    Reshaping the map

    Yet Netanyahu’s ambitions may go beyond tactical victories. There are signs he is aiming for two broader strategic outcomes.

    First, by making Gaza increasingly uninhabitable, his government could push Palestinians to flee. This would effectively pave the way for Israel to annex the territory in the long term – a scenario advocated by many of his far-right allies.

    Speaking at the White House, Netanyahu says he is working with the US on finding countries that will take Palestinians from Gaza:

    if people want to stay, they can stay, but if they want to leave, they should be able to leave.

    Second, prolonging the war allows Netanyahu to delay his ongoing corruption trial and extend his political survival.

    True intentions

    At the heart of the impasse is the far-right’s vision for total Palestinian defeat, with no concession and no recognition of a future Palestinian state. This ideology has consistently blocked peace efforts for three decades.

    Israeli leaders have repeatedly described any potential Palestinian entity as “less than a state” or a “state-minus”, a formulation that falls short of Palestinian aspirations and international legal standards.

    Today, even that limited vision appears to be off the table, as Israeli policy moves towards complete rejection of Palestinian statehood.

    With Palestinian resistance movements significantly weakened and no immediate threat facing Israel, this moment presents a crucial test of Israel’s intentions.

    Is Israel genuinely pursuing peace, or seeking to cement its dominance in the region while permanently denying Palestinians their right to statehood?

    Following its military successes and the normalisation of relations with several Arab states under the Abraham Accords, Israeli political discourse has grown increasingly bold.

    Some voices in the Israeli establishment are openly advocating for the permanent displacement of Palestinians to neighbouring Arab countries such as Jordan, Egypt and Saudi Arabia. This would effectively erase the prospect of a future Palestinian state.

    This suggests that for certain factions within Israel, the end goal is not a negotiated settlement, but a one-sided resolution that reshapes the map and the people of the region on Israel’s terms.

    The coming weeks will reveal whether Israel chooses the path of compromise and coexistence, or continues down a road that forecloses the possibility of lasting peace.

    Ali Mamouri 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. The US has high hopes for a new Gaza ceasefire, but Israel’s long-term aims seem far less peaceful – https://theconversation.com/the-us-has-high-hopes-for-a-new-gaza-ceasefire-but-israels-long-term-aims-seem-far-less-peaceful-260286

    MIL OSI Analysis – EveningReport.nz –

  • Indian markets open cautiously higher amid Trump tariff concerns; IT and banking stocks lead gains

    Source: Government of India

    Source: Government of India (4)

    Indian stock markets opened on a cautious note on Tuesday as investors weighed fresh tariff measures announced by US President Donald Trump. While concerns lingered, traders appeared to adopt a “wait and watch” approach, looking for more clarity on the evolving situation.

    Around 9:30 am, the Sensex was trading 91.57 points, or 0.11 per cent higher, at 83,534.07, while the Nifty 50 rose 22.25 points, or 0.09 per cent, to 25,483.55.

    Buying interest was seen in IT, PSU banks and financial services stocks. Analysts noted that while the US announced unilateral tariffs on 14 countries, India’s exclusion from the list has fuelled expectations of an imminent trade agreement between India and the US.

    “This has already been largely priced in by the market. The focus now shifts to the details, especially any sector-specific tariffs that could impact segments like pharmaceuticals. The market’s reaction will hinge on these finer points,” said Dr VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

    In the previous session, the Nifty had ended marginally higher, forming a green candlestick that followed a bullish hammer pattern — a positive technical signal, according to market watchers.

    “A sustained move above 25,500 could open the door for a further rally towards 25,750. On the downside, immediate support levels are seen at 25,222 and 25,120, which could act as fresh entry points for long positions,” said Mandar Bhojane, Technical Analyst at Choice Broking.

    In early trade, the Nifty Bank index climbed 203 points, or 0.36 per cent, to 57,152.20. The Nifty Midcap 100 index was up 91 points, or 0.15 per cent, at 59,606.75, while the Nifty Smallcap 100 gained 85.70 points, or 0.45 per cent, to reach 19,035.85.

    Within the Sensex pack, Kotak Mahindra Bank, Eternal, Tata Motors, BEL, Adani Ports, NTPC, Asian Paints and UltraTech Cement were among the top gainers. On the flip side, Titan, HCL Tech, Bharti Airtel, M&M and Sun Pharma were trading in the red.

    On the institutional front, foreign institutional investors (FIIs) bought equities worth Rs 321.16 crore on July 7, while domestic institutional investors (DIIs) purchased shares worth Rs 1,853.39 crore on the same day, reflecting continued domestic support.

    In broader Asian markets, Seoul, Hong Kong, Japan, China and Jakarta were trading in positive territory, while Bangkok was the only key market in the region trading lower.

    Overnight in the US, the Dow Jones Industrial Average closed 422.17 points, or 0.94 per cent lower, at 44,406.36. The S&P 500 lost 49.37 points, or 0.79 per cent, to settle at 6,229.98, and the Nasdaq dropped 188.59 points, or 0.92 per cent, ending at 20,412.52.

    (ANI)

  • MIL-OSI Australia: Interest rates decision

    Source: Australian Parliamentary Secretary to the Minister for Industry

    Today the independent Reserve Bank left interest rates on hold at 3.85 per cent.

    It’s not the result millions of Australians were hoping for or what the market was expecting.

    We have made substantial and sustained progress on inflation which is why interest rates have already been cut twice in five months this year.

    We’ve seen elsewhere that when central banks cut rates, they don’t always cut at every meeting.

    The RBA has indicated the direction of travel on inflation and interest rates has been established.

    The latest monthly inflation figures showed that both headline and underlying inflation were in the bottom half of the Reserve Bank of Australia’s target band for the first time since August 2021.

    Underlying monthly inflation has been in the RBA’s target band for six consecutive months and is at its lowest level since November 2021.

    On the official quarterly figures, both headline and underlying inflation has already returned to the RBA’s target band for the first time since 2021.

    Headline inflation was 6.1 per cent when we came to office, it’s now 2.4 per cent.

    Under Labor, inflation is down substantially, real wages are up, unemployment is low, our economy is growing, and interest rates have come down twice, but the job’s not done because people are still under pressure.

    Our economic plan is all about easing the cost of living and getting on top of inflation while maintaining jobs and that’s what we’re seeing in our economy.

    Unlike other countries that have faced recessions and job losses, we’ve managed to get inflation down without sacrificing the gains we’ve made in our labour market.

    We recognise that people are still under pressure and there’s more work to do in our economy and that’s why the cost‑of‑living relief that we’re rolling out right now is so important.

    The global economy is uncertain and unpredictable but the progress we’ve made together means we’re well placed and well prepared to weather the storm.

    We are managing this difficult global environment at the same time as we are building a more sustainable, productive and resilient economy.

    MIL OSI News –

  • Markets open in green; Kotak Mahindra, Tata Motors lead Sensex gainers

    Source: Government of India

    Source: Government of India (4)

    The domestic benchmark indices were trading slightly higher on Tuesday morning, tracking cautious optimism among investors.

    At around 9:30 am, the Sensex was up 91.57 points, or 0.11 per cent, at 83,534.07, while the Nifty rose 22.25 points, or 0.09 per cent, to trade at 25,483.55.

    “This has already been largely factored in by the market; the unknown element is the possibility of fresh sectoral tariffs on segments like pharmaceuticals. The market’s reaction will depend on the details,” said Dr VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

    In the previous session, the Nifty closed marginally higher, forming a green candlestick that confirmed a bullish hammer pattern from the session before, according to analysts.

    “A sustained move above 25,500 could trigger a further rally towards 25,750. On the downside, immediate support is seen at 25,222 and 25,120, which may act as entry points for fresh long positions,” said Mandar Bhojane, Technical Analyst at Choice Broking.

    Nifty Bank advanced 203 points, or 0.36 per cent, to 57,152.20 in early trade. The Nifty Midcap 100 was up 91 points, or 0.15 per cent, at 59,606.75, while the Nifty Smallcap 100 gained 85.70 points, or 0.45 per cent, to trade at 19,035.85.

    In the Sensex pack, Kotak Mahindra Bank, Eternal, Tata Motors, BEL, Adani Ports, NTPC, Asian Paints and UltraTech Cement were among the top gainers. Meanwhile, Titan, HCL Tech, Bharti Airtel, M&M and Sun Pharma were trading in the red.

    On the institutional front, foreign institutional investors (FIIs) bought equities worth Rs 321.16 crore on July 7, while domestic institutional investors (DIIs) purchased shares worth Rs 1,853.39 crore.

    In Asia, markets in Seoul, Hong Kong, Japan, China and Jakarta were trading in positive territory, while Bangkok was the lone index trading in the red.

    Overnight, the Dow Jones Industrial Average in the US closed at 44,406.36, down 422.17 points, or 0.94 per cent. The S&P 500 lost 49.37 points, or 0.79 per cent, to end at 6,229.98, while the Nasdaq slipped 188.59 points, or 0.92 per cent, to settle at 20,412.52.

    -ians

  • MIL-OSI Banking: Calling All Samsung Fans: Visit the Galaxy Experience Space in NYC

    Source: Samsung

    Samsung Electronics America today announced it will host a range of exciting interactive experiences throughout NYC to showcase how Galaxy AI and the latest Galaxy devices are designed to seamlessly fit into your life.
    Summer is for enjoying your favorite activities, and Galaxy Experience Spaces are here to show you what can unfold with our newest features, including the latest Galaxy AI enhancements. When visitors enter the space, they will be welcomed into a fun and unique atmosphere, where they can learn all about our innovations. So, if you want to capture stunning photos, try out a new feature, or learn how to reach your wellness goals, our Galaxy Experience Space is packed with exciting opportunities for everyone.
    We’ve designed the space to provide an immersive experience where technology and culture intersect and take over the city through creative design elements that make you feel like you’re in vibrant communities of photographers, skateboarders, and runners.
    Guests even have the chance to receive a range of Galaxy devices and other fun items with special giveaways.

    Galaxy Experience Space
    Visit the Galaxy Experience Space at 500 Broadway from July 9-August 9. Stop by to learn more about our groundbreaking devices and enjoy a range of events:

    Daily Galaxy Workshops – Six daily sessions, from 12 p.m. to 5 p.m., showcasing how features can fit into your everyday life.
    Local Community Events– Engaging cultural programs and events related to gaming, running, photography, and skateboarding — including a running club event on Thursday, July 10.
    Influencer Meet & Greets– Exciting list of influencers will stop by Galaxy Experience Space for a meet and greet. Including recording artist Mark Tuan on Wednesday, July 9.

    The NYC Galaxy Experience Space’s operating hours are Monday through Saturday 10 a.m. to 8 p.m. and Sunday 11 a.m. to 8 p.m.

    Galaxy Hangouts
    In addition, Galaxy Hangouts will be popping up at iconic locations throughout NYC where visitors can explore a range of product features — from the latest Galaxy AI experiences to our powerful photography tools.
    Galaxy Hangouts pop up locations include:

    Flat Iron Plaza (July 9-12 & July 23-25)
    Union Square Plaza (July 9-August 2)
    Chelsea Plaza (July 9-12)
    Astor Place (July 9-12)
    Gansevoort Plaza (July 16-19)
    Hudson Yards (July 30-August 2).

    All events are free and open to the public. Follow @SamsungMobileUS on X and @SamsungMobileUSA on Instagram for more information.
    To learn about all the latest devices and experiences, tune in live to Galaxy Unpacked on July 9 at 10 a.m. ET and visit Samsung.com before the event to learn more about Reserve offers — including how you can earn a $50 Samsung Credit towards the latest Galaxy device.1

    1 For a limited time, reserve the latest Galaxy device(s) on Samsung.com or in the Shop Samsung App and receive a $50 Samsung Credit (“Reservation Gift”) when you pre-order and purchase the reserved device. Pre-order and purchase required. The Reservation Gift cannot be applied to the pre-ordered device(s) and must be used at the time of pre-order purchase towards purchasing additional eligible products (select Buds, Watches, Tablets, or Galaxy Ring) on Samsung.com, or in the Shop Samsung App. Reservation Gift will be applied automatically when you use the same email address during Reserve and Pre-Order Periods. Reservation Gift is a one-time use e-certificate; when first used, any value not used is lost and must be used at the time of purchase. The Gift is non-transferable and limited to 1 per Qualifying Purchase. If you return or cancel your purchase, the discount will be forfeit. Qualifying products and offer details will be available on 7/9/25 on samsung.com.

    MIL OSI Global Banks –

  • MIL-OSI Banking: The Story Behind Samsung Color E-Paper: The Digital Signage Solution That Displays 2.5 Million Colors Without Continuous Power

    Source: Samsung

    From menu boards and discount offers to promotional advertisements, digital signage has become an essential medium for delivering information in retail spaces. Now, a new display has emerged — one that can show images without a continuous power supply.
    On June 8, Samsung Electronics launched the 32-inch Color E-Paper — an ultra-low-power digital signage solution capable of delivering rich, high-quality visuals.
    Behind this innovative product lies Samsung’s proprietary Color Imaging Algorithm technology, developed through close collaboration between the Visual Display (VD) Business and Samsung Research at Samsung Electronics.
    Samsung Newsroom spoke with two key figures behind its development — Daewoong Cho from the VD Business and Iljun Ahn from Samsung Research — to learn more about the creation of Color E-Paper.
    ▲ (From left) Iljun Ahn from Samsung Research and Daewoong Cho from the VD Business
    Paradigm Shift: Ultra-Slim, Ultra-Light and Ultra Low-Power
    The Color E-Paper sets a new benchmark for digital signage — redefining hardware, operational methods and content expressiveness.
    The globally released EM32DX model (32-inch) sports an ultra-slim profile, measuring just 8.6 millimeters at its thinnest point, and boasts a lightweight structure, weighing only 2.5 kilograms with the battery.
    ▲ Daewoong Cho from the VD Business
    “We designed the device to be ultra-slim and ultra-light so that it can be installed easily, even in tight spaces,” said Cho, who led Color E-Paper’s hardware development. “This versatility means it can serve as a menu board at a café entrance or be mounted on a wall to function as a seasonal, emotionally resonant interior display.”
    One of the biggest advantages of the Color E-Paper is its ultra-low power consumption, as it draws 0.00W1 while displaying a static image. This allows content to remain visible for extended periods on battery power alone, significantly reducing energy usage in retail environments. Changing the display image requires only a minimal amount of power as well. In addition, as part of Samsung’s commitment to sustainability, the product incorporates recycled plastics in its exterior and comes in eco-friendly packaging.
    ▲ Content for the Color E-Paper can be easily created, replaced and managed through the Samsung VXT platform.
    ▲ Samsung VXT enhances the Color E-Paper experience with content visibility optimization, a preview function that ensures color accuracy before deployment, and other convenient features.
    A Display That Runs Without a Continuous Power Supply
    The secret behind the Color E-Paper’s ultra-low power consumption is its distinctive method of displaying images.
    ▲ Iljun Ahn from Samsung Research
    “While conventional LCD signage uses a backlight to illuminate images, the Color E-Paper arranges six colors of digital ink in precise locations — just like printing on paper,” said Ahn, who participated in developing the product’s image enhancement technology. “This is also what gives the display its eye-friendly visual texture.”
    The display consists of millions of microcups, each containing four colored ink particles (red, yellow, white and blue). When an electrical signal is applied to each cup, the designated ink particles rise to the surface to produce six colors.
    “This process closely resembles the printing principle by which ink adheres to paper,” Ahn explained. “Once an image is formed, it can be semi-permanently retained without any further power consumption.”

    Rich Images With Just Six Colors Through Samsung’s Proprietary Technology
    The Color E-Paper‘s strengths go far beyond power efficiency. The product can reproduce vibrant, natural hues using only six colors thanks to Samsung Electronics’ independently developed Color Imaging Algorithm.
    “Conventional products had limitations in accurately reproducing input colors, and issues such as distortion and noise occurred in flat or edge areas of images. A solution was needed to overcome these challenges, so the VD Business and Samsung Research joined forces to come up with one,” said Ahn.
    The starting point for developing the Color Imaging Algorithm, which enhances both color expressiveness and visibility, was the Human Visual System (HVS). The algorithm was built around a key aspect of human vision: the eye perceives the average color across a certain region, rather than focusing on the colors of individual pixels.
    “By leveraging this trait, it’s possible to create the perception of different colors by naturally combining the six colors. The key lies in optimizing the ratio and arrangement of those combinations to avoid any color distortion,” Ahn added.
    ▲ The Color E‑Paper’s color-rendering process, powered by the Color Imaging Algorithm.
    Calculating Color Ratios: Probability Map Extraction
    Conventional e‑paper relies on error-diffusion2 techniques to approximate digital images using a limited color palette. While effective, these methods carry significant drawbacks, as they are prone to visual distortion and suffer from slow computation speeds.
    To overcome these limitations, Samsung devised an innovative approach that calculates the probability of placing certain colors within arbitrary regions, allowing for more precise color expression.
    ▲ The Color Imaging Algorithm computes color-specific weights as probability distributions.
    By computing color weights as probabilities, the Color E-Paper can render nearly 2.5 million distinct hues using just six colors — a dramatic 40-fold increase in color richness compared to the roughly 60,000 hues achievable with conventional methods.
    Optimizing Color Arrangement: Color Sampling
    Along with color ratios, the way colors are arranged also plays a critical role in color rendition quality. Building on the probability map, Samsung developers applied blue–noise-based 3 sampling (arrangement) to assign colors on a pixel-by-pixel basis, ensuring uniform and smooth color rendering.
    ▲ The blue-noise-based color sampling process
    ▲ (Left) Grocery store promotions brought to life in vivid color on a Samsung Color E-Paper display; (Right) A magnified view of the onion demonstrates how various color combinations naturally render shades and hues.
    This advanced Color Imaging Algorithm technology significantly reduces eye strain and delivers images with soft, natural boundaries — just like printed material.
    ▲ Samsung’s Color Imaging Algorithm technology overcomes the shortcomings of conventional e-paper.
    A Globally Acclaimed Technology With a Bright Future
    With reactions like “I thought it was real paper!” and “Where’s the power cable?”, people are often surprised or impressed when they see the Color E‑Paper for the first time. The innovation drew significant attention at this year’s edition of Europe’s largest display exhibition, Integrated Systems Europe, where it won three Best of Show at ISE 2025 awards.
    “I felt so proud when I heard that a global brand, one that had previously insisted on analog signage only, began seriously considering a digital transformation after seeing the Color E‑Paper at ISE 2025,” Daewoong Cho recalled.
    “The natural, paper-like color of the Color E-Paper will offer consumers a fresh experience across various commercial settings. We plan to introduce it in a range of sizes, from small to large displays.”
    “We are continuing our research with the goal of being able to render a broader range of colors more effectively. Samsung Research and the VD Business will keep working in close partnership to deliver the next breakthrough in display technology,” added Iljun Ahn.
    With its paradigm-shifting power efficiency and color accuracy, the Samsung Color E‑Paper is leading the evolution of digital signage. Driven by a spirit of continuous innovation, Samsung’s product developers are committed to enhancing visual experiences in commercial spaces — setting a new standard for the displays of tomorrow.

    1 Based on IEC 62301 standards from the International Electrotechnical Commission. Power consumption below 0.005W is indicated as 0.00W.
    2 This method diffuses the quantization error — introduced during image quantization — by distributing it in specified proportions to adjacent pixels, ensuring the errors become visually less noticeable across the entire image.
    3 Unlike white noise, blue noise is concentrated in the high-frequency spectrum, distributing fine-grained, evenly spaced patterns without large blotches — enabling smoother and more natural image rendering on displays.

    MIL OSI Global Banks –

  • MIL-OSI Banking: Samsung Color E-Paper x NONO SHOP: Bringing a Sustainable Space to Life

    Source: Samsung

    Today’s consumers are redefining what it means to live well. Beyond simple consumption, they strive to make environmentally responsible choices throughout the entire purchasing journey. As a result, sustainability is no longer a trend — it has become a way of life. Brands are working to communicate their messages effectively while fully embracing and reflecting these eco-conscious values.
    Launched this year, Samsung Electronics’ Color E-Paper (EMDX model) is a next-generation signage solution that significantly reduces power consumption in digital content advertising. NONO SHOP, a zero-waste store and café in Seoul’s Itaewon neighborhood, has introduced Color E-Paper displays into its space — taking a proactive step toward more sustainable operations.

    ▲ Julian Quintart, Founder and Owner of NONO SHOP
    Samsung Newsroom visited NONO SHOP to explore how the space has become even more eco-conscious with the integration of Color E-Paper.
    Less Waste, More Flexibility
    NONO SHOP is a zero-waste store and vegan café offering plant-based beverages, desserts and groceries, along with a refill station to reduce single-use packaging. The shop promotes sustainability through customer engagement programs such as recycling campaigns and Climate Fresk workshops, where participants learn about climate change.
    Even with ongoing efforts to minimize waste, operating a store inevitably generates some trash. One example is printed promotional materials — including seasonal menus, event posters and schedule announcements — which must be updated frequently. As a result, a significant amount of paper-based signage was being discarded each month.

    ▲ Quintart shares the many advantages of Samsung Color E-Paper including reduced waste, power consumption and flexible installation options.
    By adopting Color E-Paper, NONO SHOP has significantly reduced waste from printed promotional materials. Images and text can be easily updated through a dedicated mobile app, eliminating the need to print and mount posters. The displays now allow for real-time content updates while delivering more impactful visuals.
    “Samsung Color E-Paper doesn’t feel like a digital screen,” said Julian Quintart, a Belgian entertainer and founder of NONO SHOP. “It looks so much like real printed material that, unless you look very closely, you’d think it was just an ordinary paper poster.”
    “The ability to instantly update images through the mobile app makes daily operations much more efficient,” added Juwon Shim, a manager at NONO SHOP. “It helps us save not only the resources and energy required for printing, but also time.”

    ▲ Samsung Color E-Paper offers simple hanging installation options thanks to its 2.5kg-light and 17.9 millimeter-slim profile
    Sustainably Crafted From Packaging to Product
    Color E-Paper is highly effective in reducing the energy typically required to operate and maintain commercial spaces. By applying ink technology to digital paper and using ambient light to render images, the displays eliminate the need for a backlight unit — the component in traditional screens that consumes energy to emit light. As a result, power consumption drops to 0.00 watts1 when content remains static. Even during updates, Color E-Paper uses significantly less energy than conventional digital signage.
    “When introducing new devices into the store, it’s important to consider not just their power consumption, but also their overall environmental impact,” said Quintart. “Color E-Paper is especially appealing because its energy use is significantly lower than that of traditional digital displays.”

    ▲ The packaging of Color E-Paper also reflects a strong commitment to sustainability.
    The product’s design and packaging also reflect a strong commitment to sustainability. Color E-Paper features 100% paper-based packaging and incorporates recycled plastic in more than half of its cover.
    “Even the packaging was thoughtfully designed,” he emphasized. “All these small efforts add up and represent a meaningful step toward resource circulation.”

    ▲ Zoe McTackett, a regular customer at NONO SHOP, appreciates that the cover of Color E-Paper is made from recycled plastic.
    Reactions to the Color E-Paper signage have been positive.
    “I was really surprised to learn that recycled plastic was used in Color E-Paper,” said Zoe McTackett, a regular customer at NONO SHOP. “Knowing that Samsung values not just technology, but also the environment, makes me trust the brand even more.”

    Built To Fit Anywhere
    Color E-Paper effortlessly integrates into any space, preserving the aesthetic of existing interiors and resembling framed artwork. Equipped with a patent pending color imaging algorithm, the display optimizes content for enhanced visibility — delivering smooth edge rendering, seamless gradients and rich color expression for a look and feel strikingly similar to printed posters.

    ▲ NONO SHOP not only uses Color E-Paper for in-store displays but also uses it as versatile screens during workshops
    “Even though it’s a digital screen, it doesn’t feel too sharp — it has a natural, paper-like quality,” said McTackett. She noted how comfortable it was to view, even in bright daylight or well-lit environments, thanks to its non-reflective surface.
    “I hope customers see the display not just as a digital device, but as a framed piece,” Quintart added. “Once they realize it’s actually digital paper, they focus more on the content and respond to the product more organically.”
    Weighing just 2.5 kilograms with the battery and measuring only 17.9 millimeters thick, Color E-Paper features an ultra-lightweight design with exceptional installation flexibility — easily mounted on walls, ceiling rails or stands without the need for additional structures.

    ▲ Color E-Paper can be installed almost anywhere thanks to its ultra-lightweight and ultra-slim design.
    “Depending on the setting, Color E-Paper can be used in various formats — on a stand, wall-mounted or hanging,” Shim explained. “One of its biggest advantages is that it can transform the store’s atmosphere without requiring major interior changes.”
    “When mounted on a movable stand, Color E-Paper is easy to reposition and can be set up near the entrance or beside the checkout counter,” she continued. “Hanging the display with wires is especially space-efficient since it takes up virtually no space.”
    Samsung’s Color E-Paper eliminates the trade-offs once associated with sustainable practices. Just as a single small action can spark meaningful change, Samsung remains committed to creating positive environmental impact — a mission now shared with NONO SHOP through Color E-Paper.

    1 According to International Electrotechnical Commission (IEC) 62301 standards, power consumption under 0.005 watts is displayed as 0.00 watts.

    MIL OSI Global Banks –

  • MIL-OSI Banking: Samsung Electronics Acquires Xealth, Bridging The Gap Between Wellness and Medical Care

    Source: Samsung

    Samsung Electronics Co., Ltd. today announced that it has signed an agreement to acquire Xealth, a unique healthcare integration platform that brings diverse digital health tools and care programs that benefit patients and providers. Together with Samsung’s innovative leadership in wearable technology, the acquisition will help advance Samsung’s transformation into a connected care platform that bridges wellness and medical care bringing a seamless and holistic approach to preventative care to as many people as possible.
    This acquisition will further Samsung’s push to unify fragmented health information and to empower individuals to take control of their own health. Often, customer health data measured on wellness tools1, which keep track of one’s wellness journey every day, and clinical records at hospitals are managed separately, leading to missed insights and delayed care. The synergy between Samsung’s advanced wearable technology and Xealth’s digital health platform can create a link between home health monitoring and clinical decision-making through enhancements to Xealth’s platform, with the provider-patient relationship at the center of that effort.
    Samsung is committed to making digital health tools accessible for all through relentless innovation in technology and a boundless device ecosystem, and has been heavily investing in sensor technologies on wearables – essential tools to follow one’s wellbeing throughout both day and night. With Samsung’s diverse product portfolio especially around home, Samsung helps connect these various devices to bring better context and personalization around healthcare. The acquisition of Xealth will reinforce this commitment by becoming the cornerstone to advancing Samsung’s care at home vision of connecting and bridging wellness and medical care.

    Xealth, spun out of Providence health system, combines multiple digital health solutions into a single user interface and platform, giving healthcare providers a more complete picture of their patients, and enabling real-time monitoring, continuous engagement and smarter decision making. Xealth acts as an orchestration layer that gives health systems control over how they manage, filter, and use data. The company currently has a network of more than 500 U.S. hospitals, including Advocate Health and Banner Health, and more than 70 digital health solution partners, which will gain access to Samsung’s platform and enhance the connected care platform.
    “Samsung aims to improve the health of everyone through our extensive platform combining Samsung’s innovative technologies and open collaboration with industry leaders,” said TM Roh, President and Acting Head of the Device eXperience (DX) Division at Samsung Electronics. “We believe the acquisition of Xealth, with its accumulated expertise and extensive healthcare network, will be an anchor to accelerate Samsung’s efforts to support health systems and digital health partners through a truly connected care.”

    MIL OSI Global Banks –