Category: Business

  • MIL-OSI Africa: PalmPay Named One of the World’s Top 300 Fintech Companies of 2025 by Consumer News and Business Channel (CNBC) & Statista

    Source: APO

     PalmPay (www.PalmPay.com), a leading neobank and fintech platform focused on emerging markets, has been recognised in CNBC and Statista’s 2025 Top 300 Fintech Companies in the World list. This marks the second year in a row that PalmPay has earned a place among the world’s most innovative and impactful financial technology firms.

    The selection is based on a rigorous evaluation of thousands of companies globally, assessing growth, innovation, market penetration, and impact.  This year’s list includes a mix of global leaders – including Revolut, Nubank and Ant Group –  alongside rising stars from high-growth markets, underscoring the growing influence of emerging-market fintechs like PalmPay.

    PalmPay’s inclusion reflects its continued momentum as one of Africa’s leading fintech platforms. With over 35 million registered users and up to 15 million transactions processed daily, the company offers a comprehensive suite of digital financial services tailored to the needs of underserved communities.

    In its main market, Nigeria, PalmPay operates as a full-service neobank, offering consumer financial services such as transfers, bill payments, credit, savings, and insurance – all accessible through its user-friendly app and supported by a nationwide network of over 1 million agents and merchant partners. The company also provides POS and API-driven B2B solutions tailored to the needs of merchants and enterprise clients.

    “To be recognised as one of the world’s top fintech companies by CNBC and Statista is a powerful affirmation of our mission to build a more inclusive financial system,” said Sofia Zab, Founding Chief Marketing Officer at PalmPay. “Through cutting-edge technology, deep local distribution, and a customer-first mindset, we’ve built Nigeria’s leading neobank. As we scale PalmPay to more emerging markets, including Tanzania and Bangladesh, our focus remains on closing financial access gaps for everyday consumers and businesses, while expanding the partner ecosystem that fuels our reach and impact.”

    As part of its broader expansion strategy, PalmPay recently launched in Tanzania and Bangladesh through a smartphone device financing model that serves as an entry point to digital financial services.

    “PalmPay is building a neobanking platform tailored to the realities of emerging markets,” said Jiapei Yan, Group Chief Commercial Officer at PalmPay. “We are creating the infrastructure for a connected digital economy – where people and businesses can thrive through reliable, inclusive financial tools. This recognition from CNBC and Statista affirms our progress and also the scale of the opportunity ahead. As we expand across more emerging markets, we are committed to creating lasting value for our users, partners, and the communities we serve.”

    PalmPay’s inclusion follows another major recognition earlier this year: the company ranked #2 overall and #1 in the financial services sector on the Financial Times  – Africa’s Fastest-Growing Companies 2025 list. The ranking, based on revenue growth between 2020 and 2023, highlighted PalmPay’s rapid scale and market traction across Africa.

    PalmPay currently operates in Nigeria, Ghana, Tanzania, and Bangladesh, and is expanding its presence across Africa and Asia through device financing, digital banking, and B2B payment services. Backed by a robust neobanking platform and a partnership-led approach, the company is committed to shaping the next chapter of inclusive financial growth. 

    Distributed by APO Group on behalf of PalmPay.

    About PalmPay:
    PalmPay is a leading neobank and fintech platform driving financial inclusion and economic empowerment in underserved emerging markets. Through its secure, user-friendly, and inclusive suite of financial services, PalmPay empowers individuals and businesses with tools to manage and grow their money.

    PalmPay offers a comprehensive range of products, including mobile payments, credit, savings and micro-insurance via its app and mobile money agent network.

    Since launching in Nigeria in 2019 under a Mobile Money Operator license, the platform has grown to over 35 million app users and processes up to 15 million transactions daily. PalmPay has operations in Nigeria, Ghana, Tanzania, and Bangladesh.

    For more information, visit  www.PalmPay.com

    Media files

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    MIL OSI Africa

  • MIL-OSI: Bank of Åland Plc: Half-Year Financial Report for the period January – June 2025

    Source: GlobeNewswire (MIL-OSI)

    Bank of Åland Plc
    Half-Year Financial Report
    July 18, 2025 9:00 EET

    Half-Year Financial Report for the period January – June 2025

    Strong results and record inflows of assets under management

    “We are delivering a strong second quarter in terms of earnings, with a net operating profit of EUR 16.3 million (15.6) that resulted in a return on equity of 19.1 per cent (18.3). With that, we can summarize the first half of the year with excellent results, with net operating profit of EUR 34.7 million and a return on equity of 19.2 per cent (18.2). This is the highest result we have ever reported for a first half-year.

    “The second quarter was one of our all-time best, with net inflow of new client investments of EUR 328 million. The high net inflow means that for the first time, we can report a volume of actively managed assets on behalf of customers of over EUR 11 billion.

    “Lowered market interest rates are putting pressure on net interest income for us as well as for other banks. Net interest income was down 9 per cent for the half year. Despite this, from the start of the year we were able to compensate for the decline with increased commission income, which rose by 13 per cent, primarily from our customers financial investment business.

    “The world around us continues to present an array of uncertainties, and we see that our customers continue to be cautious about borrowing money. Despite this, our lending began to increase again during the quarter, albeit at cautious levels. Market interest rates have now halved since peaking just over a year and a half ago. We believe this development will contribute to increased lending activity in the second half of the year.”

    Peter Wiklöf, Managing Director and Chief Executive

    January – June 2025 compared to January – June 2024

    • Net operating profit increased by 7 per cent and amounted to EUR 34.7 M (32.5).
    • Core income in the form of net interest income, net commission income and IT income levels remained unchanged at EUR 107.9 M (108.4).
    • Other income increased to EUR 4.0 M (0.7).
    • Total expenses increased by 2 per cent to EUR 76.5 M (74.9).
    • Net impairment losses on financial assets (including recoveries) totalled EUR 0.7 M (1.7), equivalent to a loan loss level of 0.04 per cent (0.08).
    • Return on equity after taxes (ROE) increased to 19.2 per cent (18.2).
    • Earnings per share increased by 9 per cent to EUR 1.86 (1.71).
    • The common equity Tier 1 capital ratio decreased to 12.8 per cent (14.5 on December 31, 2024).
    • Unchanged future outlook: The Bank of Åland expects its return on equity after taxes (ROE) to continue to exceed its long-term financial target of 15 per cent during 2025.

    The second quarter of 2025 compared to the second quarter of 2024

    • Net operating profit increased by 4 per cent and amounted to EUR 16.3 M (15.6).
    • Core income in the form of net interest income, net commission income and IT income decreased by 2 per cent to EUR 54.1 M (55.4).
    • Other income increased to EUR 1.8 M (−0.1).
    • Total expenses increased by 1 per cent to EUR 38.8 M (38.5).
    • Net impairment losses on financial assets (including recoveries) totalled EUR 0.8 (1.2), equivalent to a loan loss level of 0.08 per cent (0.11).
    • Return on equity after taxes (ROE) increased to 19.1 per cent (18.3).
    • Earnings per share increased by 10 per cent to EUR 0.90 (0.82).

    Financial summary

    Group Q2
    2025
    Q1
    2025
    % Q2
    2024
    % Jan-Jun
    2025
    Jan-Jun 2024 %
    EUR M                
    Income                 
    Net interest income 24.1 23.8 1 26.4 -9 47.9 52.7 -9
    Net commission income 21.2 21.4 -1 19.4 10 42.6 37.7 13
    IT income 8.9 8.6 3 9.7 -9 17.4 18.1 -3
    Other income 1.8 2.2 -18 -0.1   4.0 0.7  
    Total income 55.9 56.0 -0 55.3 1 111.9 109.1 3
                     
    Staff costs -24.8 -23.4 6 -22.8 9 -48.1 -44.4 8
    Other expenses -11.1 -11.3 -2 -12.5 -11 -22.4 -24.0 -7
    Depreciation/amortisation -3.0 -3.0 1 -3.3 -8 -6.0 -6.5 -8
    Total expenses -38.8 -37.7 3 -38.5 1 -76.5 -74.9 2
                     
    Profit before impairment losses 17.1 18.3 -7 16.8 2 35.4 34.2 3
                     
    Impairment losses on financial assets, net -0,8 0,1   -1,2 -34 -0,7 -1,7 -58
    Net operating profit 16.3 18.3 -11 15.6 4 34.7 32.5 7
                     
    Income taxes -2.4 -3.7 -35 -3.1 -22 -6.1 -6.3 -3
    Profit for the period 13.9 14.6 -5 12.6 11 28.6 26.2 9
                     
    Volume                
    Lending to the public 3,594 3,552 1 3,530 2      
    Deposits from the public 3,578 3,573 0 3,475 3      
    Actively managed assets 11,057 10,662 4 10,343 7      
    Managed mortage loans 3,335 3,335 -0 2,952 13      
    Equity capital 326 315 4 311 5      
    Balance sheet total 4,903 5,011 -2 4,782 3      
    Risk exposure amount 1,799 1,803 -0 1,681 7      
                     

    The Bank of Åland (Ålandsbanken) follows the disclosure procedure stipulated in “Disclosure obligation of the issuer (6/2016)”, published by the Finnish Financial Supervisory Authority and hereby publishes its Half-Year Financial Report for the period January – June 2025, which is enclosed with this stock exchange release. 

    The Bank`s Half-Year Financial Report for the period January – June 2025 is attached to this release in PDF format and is also available on the company’s web site at:
    https://www.alandsbanken.com/financial-information/financial-reports  

    Mariehamn, July 18, 2025

    THE BOARD OF DIRECTORS

     For more information please contact:

    Peter Wiklöf, Managing Director and Chief Executive, Bank of Åland Plc, tel. + 358 (0)40 512 7505

    Attachment

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  • MIL-OSI: Equinor ASA: Share buy-back – second tranche for 2025

    Source: GlobeNewswire (MIL-OSI)

    Please see below information about transactions made under the second tranche of the 2025 share buy-back programme for Equinor ASA (OSE:EQNR, NYSE:EQNR, CEUX:EQNRO, TQEX:EQNRO).

    Date on which the buy-back tranche was announced: 30 April 2025.
    The duration of the buy-back tranche: 16 May to no later than 21 July 2025.

    Further information on the tranche can be found in the stock market announcement on its commencement dated 30 April 2025, available here: https://newsweb.oslobors.no/message/644796

    From 14 July to 17 July 2025, Equinor ASA has purchased a total of 1,265,968 own shares at an average price of NOK 267.7138 per share.

    The second tranche of the 2025 share buy-back programme for Equinor ASA has now been completed.

    Overview of transactions:

    Date Trading venue Aggregated daily volume (number of shares) Daily weighted average share price (NOK) Total daily transaction value (NOK)
             
    14 July OSE 420,000 274.3443 115,224,606.00
      CEUX      
      TQEX      
             
    15 July OSE      
      CEUX      
      TQEX      
             
    16 July OSE 430,000 265,4404 114,139,372.00
      CEUX      
      TQEX      
             
    17 July OSE 415,968 263.3692 109,553,159.39
      CEUX      
      TQEX      
             
    Total for the period OSE 1,265,968 267.7138 338,917,137.39
      CEUX      
      TQEX      
             
    Previously disclosed buy-backs under the tranche OSE 15,111,220 256.7267 3,879,452,952.92
    CEUX      
    TQEX      
    Total 15,111,220 256.7267 3,879,452,952.92
             
    Total buy-backs under the tranche (accumulated) OSE 16,377,188 257.5760 4,218,370,090.30
    CEUX      
    TQEX      
    Total 16,377,188 257.5760 4,218,370,090.30

    Following the completion of the above transactions, Equinor ASA owns a total of 25,565,943 own shares, corresponding to 1.00% of Equinor ASA’s share capital, including shares under Equinor’s share savings programme (excluding shares under Equinor’s share savings programme, Equinor owns a total of 16,377,188 own shares, corresponding to 0.64% of the share capital).

    This is information that Equinor ASA is obliged to make public pursuant to the EU Market Abuse Regulation and that is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.

    Appendix: A overview of all transactions made under the buy-back tranche that have been carried out during the above-mentioned time period is attached to this report and available at www.newsweb.no.

    Contact details:

    Investor relations
    Bård Glad Pedersen, senior vice president Investor Relations,
    +47 918 01 791

    Media
    Sissel Rinde, vice president Media Relations,
    +47 412 60 584

    Attachment

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  • MIL-OSI: Prosafe SE: Operational update – June 2025

    Source: GlobeNewswire (MIL-OSI)

    18 July 2025 – Fleet utilisation for June 2025 was 79 per cent. 

    Our operations in Brazil with Safe Eurus, Safe Notos, and Safe Zephyrus operated at full capacity in June, achieving between 99 and 100 per cent commercial uptime.

    Safe Caledonia successfully commenced operations at the Captain Field in the UK on 2 June 2025, delivering a commercial uptime of 94 per cent during the initial period.

    Safe Boreas is currently being transported to Singapore ahead of her upcoming contract in Australia.

    Prosafe is a leading owner and operator of semi-submersible accommodation vessels. The company is listed on the Oslo Stock Exchange with ticker code PRS. For more information, please refer to https://www.prosafe.com

    For further information, please contact:

    Terje Askvig, CEO
    Phone: +47 952 03 886

    Reese McNeel, CFO
    Phone: +47 415 08 186

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

    The MIL Network

  • MIL-OSI: Good customer activity and strong credit quality led to solid results for the first half of 2025. Net profit of DKK 11.2 billion

    Source: GlobeNewswire (MIL-OSI)

    Press release Danske Bank
    Bernstorffsgade 40
    DK-1577 København V
    Tel. + 45 45 14 14 00

    18 July 2025

    Page 1 of 3

    Good customer activity and strong credit quality led to solid results for the first half of 2025
    Net profit of DKK 11.2 billion

    Carsten Egeriis, Chief Executive Officer, comments on the financial results:

    “In the first half-year, we continued our robust performance and delivered solid results in line with our expectations. We saw new business customer relations being established, a continued uplift in lending and a steady development in core income, and we maintained our focus on cost management. Furthermore, credit quality remained strong, resulting in a low level of loan impairments.

    Our solid financial results and capital position enable us to be a strong financial partner, providing expert advice and standing by our customers and society in times of volatile markets.

    With our increased investments in technology and customer offerings, we continue to deliver on our Forward ’28 strategy and are well on track to meet our guidance for the full year.”

    Solid performance in uncertain environment
    Driven by good customer activity across our business and our ongoing commitment to efficiency, we achieved a net profit of DKK 11.2 billion and a return on equity of 13% in the first half of the year. These solid financial results reflect our successful execution and strategic focus in key growth areas.

    Net interest income remained steady, as the adverse effect of the sale of the personal customer business in Norway and a reduction in deposit margins was offset by enhanced lending activity and our deposit hedge strategy.

    Net fee income for the first half of the year was stable year on year, supported by growing demand for everyday banking services in the first quarter, although this demand decreased in the second quarter. Fee income related to capital markets and investment activity was impacted by the decline in investment appetite caused by the market volatility.

    On the basis of continued cost discipline, the cost trajectory is in line with the full-year 2025 guidance. Furthermore, credit quality remained strong, supported by favourable macroeconomic conditions, including the employment rate. Loan impairment charges remained low and amounted to DKK 266 million in the first half of the year.

    With prudent asset and liability management, our capital and liquidity positions remain solid, with substantial buffers well above regulatory requirements.

    “In the first half of the year, we achieved a solid financial performance, fuelled by good customer activity that led to resilient core banking income and an increase in net trading income year on year. Net profit was stable, despite the impact of rates and market volatility. Our diversified business model and operational efficiency contributed to an improved cost/income ratio of 45.4% and a return on equity of 13.0%. We are on track to meet our 2025 guidance and are progressing towards achieving our 2026 financial targets,” says Cecile Hillary, Chief Financial Officer.

    H1 2025 vs H1 2024
    Total income of DKK 27.9 billion (DKK 28.0 billion in the first half of 2024)
    Operating expenses of DKK 12.7 billion (DKK 12.8 billion in the first half of 2024)
    Loan impairments of DKK 266 million (net reversal of DKK 99 million in the first half of 2024)
    Net profit of DKK 11.2 billion (DKK 11.5 billion in the first half of 2024)
    Return on shareholders’ equity of 13.0% (13.1% in the first half of 2024)
    Total capital ratio of 22.4% and CET1 capital ratio of 18.7% (total capital ratio of 22.5% and CET1 capital ratio of 18.5% in the first half of 2024)

    Resilient macroeconomic outlook amid uncertainty
    Despite the challenges posed by geopolitical turbulence and market volatility, the macroeconomic environment in our operating markets remains robust. The Nordic economies continue to exhibit resilience.

    The economies are increasingly supported by increased household spending power and lower interest rates. However, this has not translated into improved consumer sentiment, as retail customers remain cautious and consumer confidence is low.

    According to the latest macroeconomic outlook by Danske Bank Research, we continue to expect robust economies with high employment rates and single-digit growth, particularly in Denmark.

    “Nordic businesses still have a cautiously positive outlook, and we share their view that growth is likely to become moderately higher, despite the uncertainty hanging over the global economy. Though conditions are in place with higher real incomes and lower interest rates, we do not expect a strong recovery. Households remain deeply worried about the economic situation, which could hold growth back, but there is also a potential for the situation to improve,” says Las Olsen, Head of Macro Research.

    Personal Customers
    Profit before tax amounted to DKK 4,217 million in the first half of 2025 (H1 2024: DKK 5,028 million). The decrease was mainly due to a decline in net interest income caused by lower deposit margins, a decline in fee income that was mainly the result of positive one-offs in the first half of 2024 and relatively subdued refinancing activity, as well as to slightly higher loan impairment charges. These were partly offset by rising deposit volumes and the impact of deposit hedging. Both income and operating expenses were affected by the divestment of the personal customer business in Norway. Loan levels remained stable, and deposits increased 5%.

    Business Customers
    In the first half of 2025, we saw continuously good progress in terms of customer inflow and a positive development in lending volumes, and business with existing customers remained strong across our mid-sized customer segment. Profit before tax amounted to DKK 5,085 million, an increase of 23% from the same period last year (H1 2024: DKK 4,140 million). The increase was driven by loan impairment reversals. Net fee income also increased, although the effect was offset by lower income from our leasing operations.

    Large Corporates & Institutions
    In the first half of 2025, we achieved solid financial results. Our efforts to attract new corporate customers outside Denmark and to strengthen customer relations across our markets have improved our position within cash management. Furthermore, we maintained our leadership within sustainable finance. Profit before tax decreased to DKK 4,544 million, or 9%, from the level in the same period last year, with the decrease driven by higher loan impairment charges.

    Danica 
    Net income at Danica decreased to DKK 714 million in the first half of 2025, down 25% from the level for the same period in 2024 due to a decrease in the insurance service result, which was impacted by a strengthening of provisions related to legacy life insurance products in run-off. The insurance service result for the health and accident business for the first half of 2025 recorded a loss, however, Danica saw an improvement during the first half of 2025 supported by a positive trend in the treatment and prevention of long-term illness and injury that was driven by intensified efforts with new healthcare solutions and improved digital solutions.

    Northern Ireland
    Residential mortgage lending volumes continued to grow, reflecting an increased market share of new business in Northern Ireland. Financial performance remained positive with profit before tax of DKK 1,110 million in the first half of 2025, 18% higher than for the same period last year.

    Outlook for 2025
    We maintain our guidance and expect net profit to be in the range of DKK 21-23 billion. The outlook is subject to uncertainty and depends on economic conditions.

    Danske Bank        

    Contact: Helga Heyn, Head of Media Relations, tel. +45 45 14 14 00

    Attachments

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  • MIL-OSI: MEXC Launches PUMP Futures Competition for European Users with 20,000 USDT Prize Pool

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, July 18, 2025 (GLOBE NEWSWIRE) — MEXC, a leading global cryptocurrency exchange, today announced the launch of an exclusive PUMP Futures Competition designed specifically for European users. The 8-day competition, running from July 14 to July 21, offers a total prize pool of 20,000 USDT.

    Competition Rules

    The competition features two main reward tracks tailored to different user profiles:

    1. Individual Trading Leaderboard

    Participants will compete individually based on their cumulative trading volume in PUMP futures throughout the event. To qualify for rewards, users must reach at least 50,000 USDT in trading volume. Eligible traders will benefit from a reduced fee rate of 0.02%, plus a 10% rebate on trading fees. Top-ranked traders will have the opportunity to win up to 5,000 USDT from the prize pool.

    2. New User Bonus

    Newly registered European users who complete 3,000 USDT in PUMP futures trades will receive a 5 USDT reward. This bonus is limited to the first 600 eligible participants, distributed on a first-come, first-served basis.

    How to Participate

    To participate, European users must register through MEXC’s dedicated competition page. Only trades and deposits made after registration will be counted. The competition is limited to PUMP futures trading, and all rewards will be distributed within 10 business days after the event concludes.

    Supporting Regional Growth

    This campaign reflects MEXC’s ongoing effort to support regional users with localized events and competitive trading opportunities. By focusing on user needs in specific markets, MEXC continues to enhance the trading experience across Europe.

    For full event details and registration, please visit the official competition page.

    About MEXC
    Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto.” Serving over 40 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, everyday airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.
    MEXC Official WebsiteXTelegramHow to Sign Up on MEXC

    Photos accompanying this announcement are available at:
    https://www.globenewswire.com/NewsRoom/AttachmentNg/ebca43ba-aa74-461c-870e-400d209b34d6

    https://www.globenewswire.com/NewsRoom/AttachmentNg/67781951-c558-463e-ad46-095235310422

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  • MIL-Evening Report: Trump has ‘chronic venous insufficiency’. Is it dangerous? Can it be treated?

    Source: The Conversation (Au and NZ) – By Theresa Larkin, Associate Professor of Medical Sciences, University of Wollongong

    Anna Moneymaker/Staff/Getty

    US President Donald Trump has been diagnosed with “chronic venous insufficiency” after experiencing some mild swelling in his lower legs.

    According to a letter the White House published from the president’s doctor, the condition is common and not harmful, and the 79-year-old “remains in excellent health”.

    But what is chronic venous insufficiency? What causes it, and can it lead to other health problems? Let’s take a look.

    A disease of the veins

    Veins are the blood vessels that carry de-oxygenated blood from all parts of the body to the heart.

    Chronic venous insufficiency is a disease of the veins and mostly affects the legs.

    When someone has this condition, it becomes more difficult for the blood to flow back to the heart. In other words, blood pools in the legs, rather than travelling up easily through the legs, pelvis and abdomen to the heart.

    Blood pooling in the legs creates increased pressure in the veins in the legs and feet. This can cause swelling (called oedema), skin discolouration, varicose veins, and even skin ulcers (the skin stretches because of the increased pressure and becomes weak and can tear).

    What causes chronic venous insufficiency?

    There are several potential causes of chronic venous insufficiency, including damaged valves inside the veins in the legs.

    When we’re standing, blood has to flow back to the heart from the legs against gravity. Veins have valves inside them which ensure this one-way flow and stop blood from running back the wrong way.

    When valves in the veins – either the deeper veins or those closer to the skin’s surface – are damaged, this allows blood to flow backwards and pool in the legs.

    Damage to the inside lining of the vein wall can also cause chronic venous insufficiency. When the lining is damaged, it becomes less smooth and blood cells can stick to the wall and build up. This can block the inside of the vein and impede the return of blood to the heart. Smoking is a major cause of this, though it also happens naturally with age.

    Physical compression of a vein in the pelvis from the outside can also be a factor. Pregnancy, obesity or a tumour can push on a pelvic vein from the outside. This makes it harder for blood to flow through that vein, which causes back up of blood in the veins of the leg.

    Deep vein thrombosis (DVT) also increases the risk of chronic venous insufficiency. This is where blood clots form in the deep veins, most commonly in the legs. It can block blood flow or damage the vein wall, and increase blood pooling further down the leg.

    In a study I did with colleagues looking at people with chronic venous insufficiency, about 10% had a previous deep vein thrombosis. However, Trump’s doctor said there was no evidence of deep vein thrombosis in his case.

    Who gets it?

    The data on how many people get chronic venous insufficiency vary, but it is relatively common. In the United States, an estimated 10% to 35% of adults have the condition.

    A number of factors increase a person’s likelihood of developing chronic venous insufficiency. Smoking and having previously had a deep vein thrombosis are strongly linked to this condition. Other risk factors include older age, pregnancy, obesity, and prolonged periods of standing still.

    Is it dangerous?

    On its own, chronic venous insufficiency is not life-threatening, but it is a progressive condition. It increases the risk of other conditions which can be more serious.

    Interestingly, while deep vein thrombosis increases the risk of chronic venous insufficiency, people with chronic venous insufficiency also have a higher risk of deep vein thrombosis. This is because pooled blood doesn’t move as much, so it can start to form a clot.

    Deep vein thrombosis then increases the risk of pulmonary embolism, blood clots in the lungs, which are life threatening.

    In the legs, the most serious consequence of chronic venous insufficiency is developing a venous ulcer. Venous ulcers can be painful, are prone to infection (such as cellulitis), and have a high rate of recurring.

    Research has shown 4% of adults aged 65 and older in the US develop venous ulcers as a result of chronic venous insufficiency.

    Can it be treated?

    Whether and how chronic venous insufficiency can be treated depends somewhat on the cause.

    Initial conservative treatment usually involves elevating the legs and wearing compression stockings. Elevating the legs higher than the body means gravity will help blood flow back to the heart. Compression stockings help to push blood from the leg veins towards the heart.

    Exercise such as walking also helps because when the muscles in the legs contract, this moves more blood from the legs back to the heart. Exercise and diet changes may also be recommended to address any weight-related issues.

    In more progressive or severe cases, surgery may be needed to fix the inside of the veins, remove any underlying deep vein thrombosis, or insert a stent in the case of a vein compression.

    Overall, Trump has been diagnosed with a common condition for someone of his age, and his doctors have ruled out severe underlying disease. But this is a reminder of the importance of healthy veins and of the risk factors for venous disease.

    Theresa Larkin 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. Trump has ‘chronic venous insufficiency’. Is it dangerous? Can it be treated? – https://theconversation.com/trump-has-chronic-venous-insufficiency-is-it-dangerous-can-it-be-treated-261460

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI Russia: Overseas Chinese, Ethnic Chinese Join Belt and Road Initiative

    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

    CHONGQING, July 18 (Xinhua) — The first conference of overseas Chinese and ethnic Chinese on cooperation and development under the Belt and Road Initiative opened in Chongqing, southwest China, on Thursday. The event aims to consolidate the strength of overseas Chinese to advance the joint construction of the Belt and Road.

    During the conference, agreements worth a total of 43.79 billion yuan (about 6.13 billion U.S. dollars) were signed, covering 66 projects in the fields of green energy, cross-border trade, modern manufacturing and the digital economy.

    In addition, the Belt and Road Network of Chinese Diaspora Business Organizations was launched, with organizations from 72 countries and regions of the world becoming its first members. The network aims to pool business resources and promote cooperation in trade, economic, scientific, technical and cultural fields.

    Conference participants were introduced to 10 best practices on the role of Chinese nationals in implementing the Belt and Road Initiative in areas such as new energy, manufacturing and humanitarian aid.

    The conference, jointly organized by the All-China Federation of Returned Overseas Chinese and the governments of Chongqing and Sichuan Province, brought together more than 500 representatives of Chinese communities from more than 110 countries and regions. -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 Australia: Entities with a substituted accounting period

    Source: New places to play in Gungahlin

    Applying for a SAP

    An entity’s accounting period is ordinarily the 12-month period ending on 30 June.

    You can seek leave from the Commissioner to adopt an alternative annual accounting period (known as a substituted accounting period or SAP).

    Use the Application for a substituted accounting period (NAT 5087, PDF 1.7MB)This link will download a file form to:

    • apply for a SAP
    • revert to a standard accounting period ending 30 June.

    When you apply, you must provide:

    • a reason for requesting a SAP
    • supporting evidence.

    Find out what supporting evidence you need to provide and why it’s important to lodge as early as possible. For guidance on circumstances that warrant granting a SAP, see Law Administration Practice Statement PS LA 2007/21 Substituted Accounting Periods.

    We accept retrospective or out-of-date applications in limited circumstances. See PS LA 2007/21 for details.

    If you’ve been granted leave to adopt a SAP, you must meet different lodgment requirements.

    See Substituted Accounting Periods to find out:

    • your lodgment date
    • tax agent concessions
    • more about how SAPs work.

    Transitioning to a SAP

    When you adopt a SAP, the end date of your accounting period changes. This usually results in a transitional period of more or less than 12 months. You must lodge an income tax return for the transitional period.

    We will determine and notify you of your transitional period when we approve your SAP.

    To better understand your transitional period, see examples of transitional periods for scenarios including:

    • first time lodgers
    • existing entities
    • entities exiting consolidated groups.

    When you’ve adopted a SAP, the new accounting period will involve either late or early balancing in relation to a 30 June year end. Whether you are late or early is determined when your application is approved.

    For more on how and when an entity transitions to a SAP, see PS LA 2007/21.

    What tax return form to use

    Prepare your tax return on the form for the year in lieu of which the accounting period has been adopted. For example:

    • if you adopted a SAP ending 31 December 2024 you’re an early balancer
    • your transitional period is in lieu of the following income year ending 30 June, being the year ended 30 June 2025
    • this means you should prepare your tax return on the 2025 tax return form.

    We try to release tax time stationery as early as possible. However, if the relevant form has not been produced by the date you wish to lodge, you must use the most recently available tax return form, whether lodging electronically or by paper.

    If you are transitioning to a SAP, you must lodge a paper form if you are:

    • not lodging the entity’s first tax return
    • lodging before we release next year’s tax time stationery.

    For more information, see what tax return form to use and Example 5 – early December SAP.

    Franking period

    Your transitional period will affect your franking period.

    For a corporate tax entity that is not a private company, the franking period depends on the length of its income year. The franking period is different for an early or late balancing corporate tax entity that has adopted a SAP.

    Lodging additional information for early balancers

    Tax return labels may change when new stationery is released.

    If you’re an early balancer and lodged using the most recent tax return form, you may need to lodge an amendment if label changes are relevant to your circumstances.

    We expect to publish draft details of tax return label changes each year in December. Where further changes are required due to law changes not currently known or anticipated, we will update the tax return label changes and provide further advice.

    Tax return label changes

    To help early balancers, each year we provide information on label changes we expect in the new tax time stationery to be released at the end of May.

    While tax returns can be lodged from 1 January, our processing for the new labels will not take place before our system is deployed in June 2025.

    Company Tax Return 2025

    For a list of all changes to the Company Tax Return 2025, refer to the Company Tax Return 2025 Instructions – What’s new for companies?

    Reportable tax position schedule 2025

    The Reportable tax position schedule and instructions 2025 was published in early 2025.

    Tax return instructions for SAPs

    You should consider if the Reportable tax position schedule applies.

    MIL OSI News

  • MIL-OSI Africa: Ambassador Han Jing Attends the Opening Ceremony of the First Invest Zambia International Conference

    Source: APO


    .

    On July 16, the first Invest Zambia International Conference was held at the Mulungushi International Conference Centre. The three-day event, themed “Driving Generational Transformative Investments through Joint Ventures and Partnerships”, attracted participation from government departments, enterprises, financial institutions, industry organizations and diplomats from over 20 countries, totaling more than 1,500 attendees.

    Zambian President Hakainde Hichilema attended the opening ceremony and delivered a keynote speech. He stated that Zambia has created a stable, predictable, and investor-friendly environment with immense development potential in sectors such as mining, agriculture, tourism, manufacturing and processing. Investors from various countries, including China, have made significant contributions to Zambia’s economic and social development. The Zambian government will strive to foster a better business environment and welcomes global investors to establish joint ventures in Zambia, boosting economic growth, job creation, value addition and technological innovation.

    Ambassador Han Jing was present and delivered remarks. He noted that the practical cooperation between China and Zambia has flourished dynamically under the strategic guidance of the two head of state. China is Zambia’s largest source of investment, second-largest trading partner and the largest sponsor of this conference. Chinese enterprises, active across all sectors of Zambia’s economy and society, are vital participants and contributors to the nation’s development. The Chinese government consistently requires all Chinese enterprises to operate in compliance with laws and regulations and actively fulfill social responsibilities. Simultaneously, Ambassador Han stated China’s expectation that the Zambian government and all sectors of society will create a more favorable environment for Chinese enterprises investing and operating in Zambia.

    Prior to the opening ceremony, Ambassador Han Jing accompanied President Hichilema on a tour of the Chinese enterprises exhibition. During the opening ceremony, they jointly witnessed the signing of multiple investment cooperation agreements between Chinese enterprises and Zambian counterparts in fields including power construction and new energy vehicles.

    Distributed by APO Group on behalf of Embassy of the People’s Republic of China in the Republic of Zambia.

    MIL OSI Africa

  • MIL-OSI China: Foreign Minister Lin meets with Paraguayan Foreign Minister Ramírez, cohosts reception celebrating 68th anniversary of diplomatic relations

    Source: Republic of Taiwan – Ministry of Foreign Affairs

    July 13, 2025
    No. 239

    After arriving in Paraguay in the evening of July 10, Minister of Foreign Affairs Lin Chia-lung visited the Paraguayan Ministry of Foreign Affairs on the morning of the following day to meet with Minister of Foreign Affairs Rubén Ramírez Lezcano. The two reviewed progress made on key components of the Diplomatic Allies Prosperity Project, which is being implemented by the government of Taiwan under the policy framework of integrated diplomacy. Based on mutual trust and mutual benefit, Taiwan and Paraguay are jointly promoting exchanges in economics, trade, investment, infrastructure, smart medicine, technology, education, and smart transportation. Cooperation has brought prosperity to both countries and benefited the Taiwanese and Paraguayan people.

     

    Speaking at a joint press conference with Minister Ramírez after the meeting, Minister Lin said that Taiwan and Paraguay shared the core values of democracy, freedom, human rights, and the rule of law. He affirmed that the bilateral diplomatic relationship was rock-solid. Looking ahead, Minister Lin pledged that both countries would continue to work together to deepen interactions and collaboration in various fields and jointly enhance the well-being of their people. Minister Lin noted that this demonstrated Taiwan’s policy of values-based diplomacy was steadily developing into value-added diplomacy, showing the world that Taiwan-Paraguay ties were a model of successful cooperation.

     

    In the evening, Minister Lin and Minister Ramírez cohosted a reception celebrating the 68th anniversary of diplomatic relations between the Republic of China (Taiwan) and the Republic of Paraguay. The event was attended by over 250 guests, including Paraguayan Supreme Court President César Diesel, Chamber of Deputies Speaker Raúl Latorre Martínez, other deputies and senators, members of the diplomatic corps, and representatives of the overseas Taiwanese community. In his remarks, Minister Lin commended the fruitful outcomes of the long-term and close partnership between Taiwan and Paraguay. He said that recent benchmark initiatives such as the Taiwan-Paraguay Smart Technology Park, the Taiwan-Paraguay Polytechnic University, the Health Information Management Efficiency Enhancement Project, and an electric bus pilot program were steadily yielding results. Noting that Taiwan was a vital link in global supply chains, Minister Lin said that Taiwan was willing to use its advantages in ICT to further deepen cooperation with Paraguay on comprehensive technological development. Minister Lin added that Taiwan was ready to assist its fraternal ally Paraguay in achieving its national blueprint for development and transformation, jointly realizing the vision of sustainability and prosperity.

     

    In his address, Minister Ramírez thanked Taiwan for its long-term assistance in promoting the development of agriculture, livestock, public health, medicine, education, innovation, and infrastructure in Paraguay. He said that cooperation had targeted the sectors of society that were most in need, benefiting farming communities and young students. Praising the Taiwan-Paraguay Polytechnic University as a landmark bilateral cooperation project, Minister Ramírez said that more than 170 engineers had already been trained. He noted that the two countries were working together to construct campus buildings, representing their shared commitment to investing in knowledge and talent. Minister Ramírez added that Taiwan and Paraguay were jointly creating a future for the next generation by incorporating smart industries and global supply chain integration into their cooperation projects. 

     

    Paraguay is an important diplomatic ally of Taiwan. A mutual agreement on visa-free entry for ordinary passport holders between the two countries that will come into effect on July 25 is expected to further advance exchanges among the people of Taiwan and Paraguay and make investment by Taiwanese companies in Paraguay more convenient. The two nations will continue to deepen cooperation in all spheres and jointly inject new momentum into their democratic partnership.

    MIL OSI China News

  • MIL-OSI China: Foreign Minister Lin leads business delegation to visit Taiwan-Paraguay Smart Technology Park in Ciudad del Este

    Source: Republic of Taiwan – Ministry of Foreign Affairs

    July 13, 2025
    No. 240

    During his extensive trip to Paraguay, Minister of Foreign Affairs Lin Chia-lung visited the Taiwan-Paraguay Smart Technology Park in Ciudad del Este on July 12. He was accompanied by Paraguayan Minister of Foreign Affairs Rubén Ramírez Lezcano, Minister of Industry and Commerce Javier Giménez García de Zúñiga, Minister of Information and Communication Technologies Gustavo Villate, Executive Secretary of the Office of the President Marianna Saldívar Gadea, Deputy Minister of Public Works Emiliano Fernández, Governor of Alto Paraná César Landy Torres, President of the Taiwan-Paraguay Polytechnic University Jorge Daniel Duarte Rolon, and other officials.

     

    The technology park originates from a commitment made by President Lai Ching-te to assist Paraguay with economic development and job creation. Then Vice President Lai made the pledge in August 2023 while visiting Paraguay as a special envoy to attend the inauguration of President Santiago Peña Palacios.

     

    When Minister Lin took office on May 20 last year, he held in-depth talks on the project—which would have a profound impact on Paraguay—with President Peña, who was visiting Taiwan to attend President Lai’s inauguration. The two agreed that Taiwan and Paraguay would work together to make Paraguay a South American base for the smart technology industry and talent incubation.

     

    During his visit to the park, Minister Lin remarked that promotion of the Diplomatic Allies Prosperity Project in Paraguay followed a comprehensive plan led by a national team of businesses from Taiwan. He said that the project integrated civil engineering, private 5G network architecture, and smart applications. Minister Lin added that the initiative would not only create favorable conditions for Taiwanese enterprises investing in Paraguay, but that it would also bring substantial industrial development and employment opportunities to Paraguay. He noted that the process of building the park had been a team effort. Although there had been challenges along the way, Minister Lin said that the difficulties were a source of strength for today. He stated that the newly revitalized Taiwan-Paraguay Smart Technology Park would offer Taiwanese companies the same 006688 land rental incentive provided by special zones in Taiwan. (The 006688 plan offers free rent in years one and two, a 40 percent discount in years three and four, and a 20 percent discount in years five and six.) This is the first time that the preferential policy has been made available to Taiwanese enterprises overseas. Paraguay is also the first country outside Taiwan to apply the incentive. Minister Lin said that he had long advocated for the strategy of larger enterprises guiding smaller ones, combining soft and hard tactics, promoting public-private cooperation, and facilitating internal-external exchanges. He explained that the integration of various technological, financial, and human resources would help Taiwanese industries deploy investments in Paraguay. Minister Lin indicated that Paraguay’s stable economy, abundant and cheap supplies of water and electricity, and convenient business environment could make it a base for Taiwanese enterprises entering the South American market. 

     

    For the trip, Minister Lin extended special invitations to prominent manufacturers from all areas of the supply chain to join the delegation, tour the technology park, and explore business opportunities in Paraguay. The group included representatives from the semiconductor, AI applications, smart manufacturing, smart transportation, animal husbandry, cold chain logistics, and food processing industries. It is hoped that the companies will establish a presence in Paraguay as a joint fleet, joining forces in a new flying geese pattern of development and creating a Taiwan+n model of global industrial deployment. Taiwan will work together with Paraguay to create mutual prosperity and well-being, realizing President Lai’s policy vision of making Taiwan a global economic powerhouse.

    MIL OSI China News

  • MIL-OSI: Coop Pank unaudited financial results for Q2 2025

    Source: GlobeNewswire (MIL-OSI)

    By the end of the Q2 2025, Coop Pank had 218,000 customers, increased by 5,000 customers in the quarter (+2%) and by 22,000 in the year (+11%). The bank had 103,600 active customers, increased by 1,800 (+2%) in the quarter and by 8,300 (+9%) in the year.

    In Q2 2025, volume of deposits in Coop Pank decreased by 98 million euros (-5%), reaching total of 1.81 billion euros. The deliberate reduction of deposits is a result of the successful covered bond issuance carried out in the first quarter. Deposits from private clients increasing by 0.4 million euros: demand deposits decreased by 0.4 million euros and term deposits increased by 0.8 million euros. Deposits from domestic business customers decreased by 78 million euros: demand deposits decreased by 10 million euro and term deposits decreased by 68 million euros. Deposits from international deposit platform Raisin and other financing decreased by 21 million euros. Compared to Q2 2024, volume of Coop Pank’s deposits has increased by 77 million euros (+4%). In an annual comparison, share of demand deposits of total deposits has increased from 32% to 33%. In Q2 2025, the bank’s financing cost was 2.5%, at the same time last year the financing cost was 3.4%.

    In Q2 2025, net loan portfolio of Coop Pank increased by 125 million euros (+7%), reaching 1.94 billion euros. Over the quarter, the strongest growth was shown in the business loans portfolio, which increased by 82 million euros (+10%). Home loans increased by 37 million euros (+5%). The volumes of leasing portfolio increased by 3 million euros (+2%) and consumer finance portfolio increased by 2 million euros (+2%). Compared to Q2 2024, total loan portfolio of Coop Pank has grown by 322 million euros (+20%).

    In Q2 2025, overdue loan portfolio of Coop Pank was at the level 2.8%. A year ago, overdue loan portfolio was at the level of 2.2%.

    Impairment costs of financial assets in Q2 2025 were 1.4 million euros, which is 1.1 million euros more than in previous quarter and 0.1 million euros more than in Q2 2024.

    Net income of Coop Pank in Q2 2025 was 19.5 million euros, increasing by 1% in a quarterly comparison and decreasing by 5% in an annual comparison. Operating expenses reached 10.1 million euros in Q2 – operating expenses increased by 6% in the quarterly comparison and remained unchanged in the annual comparison.

    In Q2 2025, net profit of Coop Pank was 6.6 million euros, which is 16% less than in the previous quarter and 17% less than a year ago. In Q2 2025, cost to income ratio of the bank was 52% and return on equity was 12.1%.

    As of 30 June 2025, Coop Pank has 34,700 shareholders.

    Heikko Mäe, Interim Chairman of the Management Board of Coop Pank, comments the results:

    “The Estonian economy as a whole has not yet picked up new growth momentum this year. However, interest rates are stabilizing, there are signs that economic headwinds are easing, and Coop Pank’s results show that the rapid growth of a domestic bank is continuing.

    On one hand, 5% inflation has reduced consumer confidence and directly affects the purchasing power of households. The rising unemployment rate, approaching 9%, is also a negative signal. On the other hand, there are positive signs in the industrial sector, where capacity utilization is increasing thanks to the recovery of export markets and lower interest costs.

    In this economic environment, Coop Pank achieved strong results in the second quarter: the bank grew its loan portfolio by a record 125 million euros and is growing nearly twice as fast as the market. The strongest growth came from business loans and home loans. We see that both the manufacturing and real estate sectors are actively investing. Among home loan applicants, there is particularly strong demand for construction loans, and many large-scale repair and renovation works are in progress across homes in Estonia, financed through home loans. While business volumes are growing quickly, the bank’s operating costs have remained the same as a year ago, and credit losses are still minimal. This demonstrates that Coop Pank is operating efficiently and responsibly.

    Since June, the bank has taken its cooperation with Coop retail to a new level by offering a new cashback solution to shared private customers. This is an important addition to the value proposition for joint customers and is part of the bank’s recently introduced account package upgrade.

    Our results confirm that a strong local bank can grow successfully with its customers even in a challenging economic environment. We continue to provide banking services and financing solutions across all of Estonia – for households seeking stability and for businesses looking for investment opportunities.

    Growth in business volumes, the high quality of the loan portfolio, cost control, and the decline in financing costs due to the interest rate environment and scale effects resulted in a strong net profit of 6.6 million euros for Coop Pank in the second quarter. The bank’s cost-to-income ratio was 52%, and return on equity was 12.1%.”

    Income statement, in th. of euros Q2 2025 Q1 2025 Q2 2024 6M 2025 6M 2024
    Net interest income 18 003 17 930 19 319 35 933 38 400
    Net fee and commission income 1 166 1 155 1 000 2 321 2 015
    Net other income 375 225 146 600 271
    Total net income 19 544 19 310 20 464 38 854 40 686
    Payroll expenses -5 917 -5 578 -5 858 -11 496 -11 267
    Marketing expenses -453 -358 -775 -811 -1 308
    Rental and office expenses, depr. of tangible assets -777 -807 -775 -1 584 -1 570
    IT expenses and depr. of intangible assets -1 724 -1 613 -1 474 -3 337 -2 879
    Other operating expenses -1 220 -1 162 -1 208 -2 382 -2 494
    Total operating expenses -10 091 -9 519 -10 091 -19 610 -19 518
    Net profit before impairment losses 9 453 9 791 10 374 19 244 21 168
    Impairment costs on financial assets -1 367 -226 -1 224 -1 594 -1 800
    Net profit before income tax 8 086 9 565 9 150 17 650 19 368
    Income tax expenses -1 437 -1 652 -1 152 -3 088 -2 232
    Net profit for the period 6 649 7 913 7 998 14 562 17 136
               
    Earnings per share, eur 0,06 0,08 0,08 0,14 0,17
    Diluted earnings per share, eur 0,06 0,08 0,08 0,14 0,16
    Statement of financial position, in th. of euros 30.06.2025 31.03.2025 31.12.2024 30.06.2024
    Cash and cash equivalents 356 473 564 441 343 678 335 710
    Debt securities 47 832 49 536 37 751 36 980
    Loans to customers 1 943 420 1 818 109 1 774 118 1 621 000
    Other assets 36 090 34 711 33 066 32 608
    Total assets 2 383 816 2 466 796 2 188 614 2 026 298
    Customer deposits and loans received 1 816 313 1 914 526 1 886 145 1 739 709
    Debt securities issued 253 537 250 250 0 0
    Other liabilities 30 645 19 096 27 683 28 121
    Subordinated debt 63 148 63 363 63 148 63 148
    Total liabilities 2 163 642 2 247 235 1 976 977 1 830 978
    Equity 220 174 219 561 211 637 195 320
    Total liabilities and equity 2 383 816 2 466 796 2 188 614 2 026 298

    The reports of Coop Pank are available at: https://www.cooppank.ee/en/reporting

    Coop Pank will organise a webinar on 18 July 2025 at 9:00 AM, to present the financial results of Q1 2025. For participation, please register in advance at: https://bit.ly/CP-veebiseminar-registreeru-18072025

    The webinar will be recorded and published on the company’s website www.cooppank.ee and on the YouTube channel.

    Coop Pank, based on Estonian capital, is one of the five universal banks operating in Estonia. The bank has 218,000 daily banking clients. Coop Pank aims to put the synergy generated by the interaction of retail business and banking to good use and to bring everyday banking services closer to people’s homes. The strategic shareholder of the bank is the domestic retail chain Coop Eesti, comprising of 320 stores.

    Additional information:
    Paavo Truu
    CFO
    Phone: +372 516 0231
    E-mail: paavo.truu@cooppank.ee

    Attachments

    The MIL Network

  • MIL-OSI: BW Energy: Second quarter 2025 operational update 

    Source: GlobeNewswire (MIL-OSI)

    Second quarter 2025 operational update 

    BW Energy will publish its financial results for the second quarter and first half of 2025 on 1 August 2025. Today, the company provides preliminary operational figures.

    Net production attributable to BW Energy was 2.9 million barrels of oil (mmbbls) in the second quarter 2025, equivalent to 32.3 thousand barrels of oil per day (kbopd), from the Dussafu license in Gabon (73.5% working interest) and the Golfinho field in Brazil (100% working interest).

      Q2 2025 Q1 2025 Q2 2024
    Production (mmbbls) 2.9 3.2 2.1
    Dussafu 2.4 2.6 1.4
    Golfinho 0.5 0.7 0.7
           
    Production (kbopd) 32.3 36.0 23.6
    Dussafu 26.6 28.7 15.6
    Golfinho 5.7 7.3 8.0
           
    Net volume sold (mmbbls) 2.8 3.7 1.9
    Dussafu1 2.3 3.2 0.9
    Golfinho 0.5 0.5 1
    1incl. Domestic market obligations (DMO) 0.07 0.07 0.03
    1incl. State profit oil 0.30 0.32 0.17
           
    Quarter-end stock inventory (mmbbls) 0.5 0.2  
    Dussafu -0.2 -0.4  
    Golfinho 0.7 0.6  
           
    Average realised price (USD)  66.7 74.8 83.8
    Dussafu 66.2 74.8 81.1
    Golfinho 69.1 75.0 86.4
            
    Operational costs2 (USD per barrel) 20.4 16.5 28.5
    Dussafu 14.3 9.9 19.8
    Golfinho 49.0 42.2 45.4


    2) Operating costs exclude Royalties, Tariffs, Workovers, Domestic Market Obligation purchases, Production Sharing costs in Gabon, and incorporates the impact of IFRS 16 adjustments.

    Reporting

    BW Energy will publish its financial results for the second quarter and first half of 2025 on 1 August at 07:00 CEST. Management will host a webcast presentation later the same day at 14:00 CEST, followed by a live Q&A session. The webcast will be available at www.bwenergy.no.

    For further information, please contact:

    Martin Seland Simensen, VP Investor Relations BW Energy

    +47 416 92 087, martin.simensen@bwenergy.no

    About BW Energy:

    BW Energy is a growth E&P company with a differentiated strategy targeting proven offshore oil and gas reservoirs through low risk phased developments. The Company has access to existing production facilities to reduce time to first oil and cashflow with lower investments than traditional offshore developments. The Company’s assets are 73.5% of the producing Dussafu Marine licence offshore Gabon, 100% interest in the Golfinho and Camarupim fields, a 76.5% interest in the BM-ES-23 block, a 95% interest in the Maromba field in Brazil, a 95% interest in the Kudu field in Namibia, all operated by BW Energy. In addition, BW Energy holds approximately 6.6% of the common shares in Reconnaissance Energy Africa Ltd. and a 20% non-operating interest in the onshore Petroleum Exploration License 73 (“PEL 73”) in Namibia. Total net 2P+2C reserves and resources were 599 million barrels of oil equivalent at the start of 2025.

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

    The MIL Network

  • MIL-OSI: BW Energy: Second quarter 2025 operational update 

    Source: GlobeNewswire (MIL-OSI)

    Second quarter 2025 operational update 

    BW Energy will publish its financial results for the second quarter and first half of 2025 on 1 August 2025. Today, the company provides preliminary operational figures.

    Net production attributable to BW Energy was 2.9 million barrels of oil (mmbbls) in the second quarter 2025, equivalent to 32.3 thousand barrels of oil per day (kbopd), from the Dussafu license in Gabon (73.5% working interest) and the Golfinho field in Brazil (100% working interest).

      Q2 2025 Q1 2025 Q2 2024
    Production (mmbbls) 2.9 3.2 2.1
    Dussafu 2.4 2.6 1.4
    Golfinho 0.5 0.7 0.7
           
    Production (kbopd) 32.3 36.0 23.6
    Dussafu 26.6 28.7 15.6
    Golfinho 5.7 7.3 8.0
           
    Net volume sold (mmbbls) 2.8 3.7 1.9
    Dussafu1 2.3 3.2 0.9
    Golfinho 0.5 0.5 1
    1incl. Domestic market obligations (DMO) 0.07 0.07 0.03
    1incl. State profit oil 0.30 0.32 0.17
           
    Quarter-end stock inventory (mmbbls) 0.5 0.2  
    Dussafu -0.2 -0.4  
    Golfinho 0.7 0.6  
           
    Average realised price (USD)  66.7 74.8 83.8
    Dussafu 66.2 74.8 81.1
    Golfinho 69.1 75.0 86.4
            
    Operational costs2 (USD per barrel) 20.4 16.5 28.5
    Dussafu 14.3 9.9 19.8
    Golfinho 49.0 42.2 45.4


    2) Operating costs exclude Royalties, Tariffs, Workovers, Domestic Market Obligation purchases, Production Sharing costs in Gabon, and incorporates the impact of IFRS 16 adjustments.

    Reporting

    BW Energy will publish its financial results for the second quarter and first half of 2025 on 1 August at 07:00 CEST. Management will host a webcast presentation later the same day at 14:00 CEST, followed by a live Q&A session. The webcast will be available at www.bwenergy.no.

    For further information, please contact:

    Martin Seland Simensen, VP Investor Relations BW Energy

    +47 416 92 087, martin.simensen@bwenergy.no

    About BW Energy:

    BW Energy is a growth E&P company with a differentiated strategy targeting proven offshore oil and gas reservoirs through low risk phased developments. The Company has access to existing production facilities to reduce time to first oil and cashflow with lower investments than traditional offshore developments. The Company’s assets are 73.5% of the producing Dussafu Marine licence offshore Gabon, 100% interest in the Golfinho and Camarupim fields, a 76.5% interest in the BM-ES-23 block, a 95% interest in the Maromba field in Brazil, a 95% interest in the Kudu field in Namibia, all operated by BW Energy. In addition, BW Energy holds approximately 6.6% of the common shares in Reconnaissance Energy Africa Ltd. and a 20% non-operating interest in the onshore Petroleum Exploration License 73 (“PEL 73”) in Namibia. Total net 2P+2C reserves and resources were 599 million barrels of oil equivalent at the start of 2025.

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

    The MIL Network

  • MIL-OSI Economics: Result of the 7-day Variable Rate Reverse Repo (VRRR) auction held on July 18, 2025

    Source: Reserve Bank of India

    Tenor 7-day
    Notified Amount (in ₹ crore) 2,00,000
    Total amount of offers received (in ₹ crore) 2,07,584
    Amount accepted (in ₹ crore) 2,00,027
    Cut off Rate (%) 5.49
    Weighted Average Rate (%) 5.49
    Partial Acceptance Percentage of offers received at cut off rate 95.94

    Ajit Prasad          
    Deputy General Manager
    (Communications)    

    Press Release: 2025-2026/737

    MIL OSI Economics

  • MIL-OSI Economics: Result of the 7-day Variable Rate Reverse Repo (VRRR) auction held on July 18, 2025

    Source: Reserve Bank of India

    Tenor 7-day
    Notified Amount (in ₹ crore) 2,00,000
    Total amount of offers received (in ₹ crore) 2,07,584
    Amount accepted (in ₹ crore) 2,00,027
    Cut off Rate (%) 5.49
    Weighted Average Rate (%) 5.49
    Partial Acceptance Percentage of offers received at cut off rate 95.94

    Ajit Prasad          
    Deputy General Manager
    (Communications)    

    Press Release: 2025-2026/737

    MIL OSI Economics

  • MIL-OSI Analysis: Trump has ‘chronic venous insufficiency’. Is it dangerous? Can it be treated?

    Source: The Conversation – Global Perspectives – By Theresa Larkin, Associate Professor of Medical Sciences, University of Wollongong

    Anna Moneymaker/Staff/Getty

    US President Donald Trump has been diagnosed with “chronic venous insufficiency” after experiencing some mild swelling in his lower legs.

    According to a letter the White House published from the president’s doctor, the condition is common and not harmful, and the 79-year-old “remains in excellent health”.

    But what is chronic venous insufficiency? What causes it, and can it lead to other health problems? Let’s take a look.

    A disease of the veins

    Veins are the blood vessels that carry de-oxygenated blood from all parts of the body to the heart.

    Chronic venous insufficiency is a disease of the veins and mostly affects the legs.

    When someone has this condition, it becomes more difficult for the blood to flow back to the heart. In other words, blood pools in the legs, rather than travelling up easily through the legs, pelvis and abdomen to the heart.

    Blood pooling in the legs creates increased pressure in the veins in the legs and feet. This can cause swelling (called oedema), skin discolouration, varicose veins, and even skin ulcers (the skin stretches because of the increased pressure and becomes weak and can tear).

    What causes chronic venous insufficiency?

    There are several potential causes of chronic venous insufficiency, including damaged valves inside the veins in the legs.

    When we’re standing, blood has to flow back to the heart from the legs against gravity. Veins have valves inside them which ensure this one-way flow and stop blood from running back the wrong way.

    When valves in the veins – either the deeper veins or those closer to the skin’s surface – are damaged, this allows blood to flow backwards and pool in the legs.

    Damage to the inside lining of the vein wall can also cause chronic venous insufficiency. When the lining is damaged, it becomes less smooth and blood cells can stick to the wall and build up. This can block the inside of the vein and impede the return of blood to the heart. Smoking is a major cause of this, though it also happens naturally with age.

    Physical compression of a vein in the pelvis from the outside can also be a factor. Pregnancy, obesity or a tumour can push on a pelvic vein from the outside. This makes it harder for blood to flow through that vein, which causes back up of blood in the veins of the leg.

    Deep vein thrombosis (DVT) also increases the risk of chronic venous insufficiency. This is where blood clots form in the deep veins, most commonly in the legs. It can block blood flow or damage the vein wall, and increase blood pooling further down the leg.

    In a study I did with colleagues looking at people with chronic venous insufficiency, about 10% had a previous deep vein thrombosis. However, Trump’s doctor said there was no evidence of deep vein thrombosis in his case.

    Who gets it?

    The data on how many people get chronic venous insufficiency vary, but it is relatively common. In the United States, an estimated 10% to 35% of adults have the condition.

    A number of factors increase a person’s likelihood of developing chronic venous insufficiency. Smoking and having previously had a deep vein thrombosis are strongly linked to this condition. Other risk factors include older age, pregnancy, obesity, and prolonged periods of standing still.

    Is it dangerous?

    On its own, chronic venous insufficiency is not life-threatening, but it is a progressive condition. It increases the risk of other conditions which can be more serious.

    Interestingly, while deep vein thrombosis increases the risk of chronic venous insufficiency, people with chronic venous insufficiency also have a higher risk of deep vein thrombosis. This is because pooled blood doesn’t move as much, so it can start to form a clot.

    Deep vein thrombosis then increases the risk of pulmonary embolism, blood clots in the lungs, which are life threatening.

    In the legs, the most serious consequence of chronic venous insufficiency is developing a venous ulcer. Venous ulcers can be painful, are prone to infection (such as cellulitis), and have a high rate of recurring.

    Research has shown 4% of adults aged 65 and older in the US develop venous ulcers as a result of chronic venous insufficiency.

    Can it be treated?

    Whether and how chronic venous insufficiency can be treated depends somewhat on the cause.

    Initial conservative treatment usually involves elevating the legs and wearing compression stockings. Elevating the legs higher than the body means gravity will help blood flow back to the heart. Compression stockings help to push blood from the leg veins towards the heart.

    Exercise such as walking also helps because when the muscles in the legs contract, this moves more blood from the legs back to the heart. Exercise and diet changes may also be recommended to address any weight-related issues.

    In more progressive or severe cases, surgery may be needed to fix the inside of the veins, remove any underlying deep vein thrombosis, or insert a stent in the case of a vein compression.

    Overall, Trump has been diagnosed with a common condition for someone of his age, and his doctors have ruled out severe underlying disease. But this is a reminder of the importance of healthy veins and of the risk factors for venous disease.

    Theresa Larkin 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. Trump has ‘chronic venous insufficiency’. Is it dangerous? Can it be treated? – https://theconversation.com/trump-has-chronic-venous-insufficiency-is-it-dangerous-can-it-be-treated-261460

    MIL OSI Analysis

  • MIL-OSI Russia: New opportunities for NSU applicants: educational program for top IT specialists “Applied Artificial Intelligence”

    Translation. Region: Russian Federal

    Source: Novosibirsk State University –

    An important disclaimer is at the bottom of this article.

    Starting in the 2025/2026 academic year, Novosibirsk State University will launch training aimed at preparing highly qualified specialists in the field of applied artificial intelligence for the innovative economy. Students of the new program will write their own neural networks, master and develop new methods and technologies in the field of applied programming, as well as collect, process and analyze their own data sets. In the future, graduates will create products based on deep machine learning and apply the acquired knowledge in various fields of activity – from the banking sector and various high-tech companies to personalized medicine. The training of top specialists is carried out on the initiative of the Ministry of Digital Development of the Russian Federation with the participation of the Analytical Center under the Government of the Russian Federation.

    These programs are based on modern employer requirements for highly qualified specialists, determined with the participation of dozens of Russian companies – leaders in the IT sector and leading universities.

    The training will be focused primarily on practical results. From the first years, students will be involved in solving product problems of IT business, will be able to study cases and experience of the industry, participate in the work of project teams, master classes, undergo practical training and mandatory internship in leading IT companies and research institutes.

    Companies invest in the development and implementation of programs with their own resources. More than 30% of all classroom classes with students will be conducted by invited experts from the industry, leading developers, engineers and researchers. Business representatives will act as mentors for students, become conductors of advanced knowledge, trends in the development of domestic IT technologies, help students get acquainted with corporate culture and real requirements for employees.

    Training in close cooperation with industry partners and IT companies, including the anchor partner, one of the leaders of the Russian IT market — the multidisciplinary IT holding T1, as well as the Russian developer of operating systems “Alt”, will not only prepare graduates for a successful professional start, but also give them the opportunity to apply for leading positions in large industry and technology companies. The knowledge and practical experience gained with modern AI solutions will provide students with subsequent rapid career growth.

    More information about the Applied Artificial Intelligence program presented on the website 

    All details about admission to the program and deadlines for submitting documents can be clarified in the NSU IIR consulting group:

    7 (383) 373-96-52

    Consult@nsu.ru

    VK group

    Reference:

    Since 2025, within the framework of the federal projects “Artificial Intelligence” and “Personnel for Digital Transformation” of the national project “Data Economy and Digital Transformation of the State”, the Ministry of Digital Development of the Russian Federation, with the participation of the Analytical Center under the Government of the Russian Federation, has been implementing two projects to train students in educational programs for top specialists in the field of information technology and artificial intelligence.

    The projects provide training for graduates with advanced competencies in the field of information technology and artificial intelligence: developers of advanced IT solutions, AI models, algorithms, analysts and data researchers. The key condition for the participation of universities in the projects is the active involvement of employers in the training process, including attracting co-financing from businesses.

    Within the framework of these projects, in 2025, 36 universities from 20 constituent entities of the Russian Federation will accept more than 6 thousand students for training. By 2030, 13.7 thousand students will complete their training.

    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 Economics: Result of Underwriting Auction conducted on July 18, 2025

    Source: Reserve Bank of India

    In the underwriting auction conducted on July 18, 2025, for Additional Competitive Underwriting (ACU) of the undernoted Government securities, the Reserve Bank of India has set the cut-off rates for underwriting commission payable to Primary Dealers as given below:

    Nomenclature of the Security Notified Amount
    (₹ crore)
    Minimum Underwriting Commitment (MUC) Amount
    (₹ crore)
    Additional Competitive Underwriting Amount Accepted
    (₹ crore)
    Total Amount underwritten
    (₹ crore)
    ACU Commission Cut-off rate
    (Paise per ₹100)
    New GS 2030 15,000 7,518 7,482 15,000 0.09
    7.09% GS 2054 12,000 6,006 5,994 12,000 0.23
    Auction for the sale of securities will be held on July 18, 2025.

    Ajit Prasad          
    Deputy General Manager
    (Communications)    

    Press Release: 2025-2026/736

    MIL OSI Economics

  • MIL-OSI Australia: Tax Time 2025 update – 15 July

    Source: New places to play in Gungahlin

    Welcome and governance

    The ATO Co-chair welcomed members and ATO attendees to the Tax Practitioner Stewardship Group (TPSG) Tax Time 2025 meeting.

    ATO Updates

    Frontline Services

    We confirmed 1.6 million lodgments have been received. This is a 10% decrease from the same time last year, indicating that our messaging around ‘wait to lodge’ is working with taxpayers choosing to lodge later. Lodgment numbers for self-preparers have decreased 6% and agents down 11% compared to this time last year. We emphasised that it is too early to make any assumptions around these numbers and expect this to level out as tax time progresses.

    We have received 44,000 calls from agents, which is 10% down from last year. We highlighted this is as expected, noting call numbers typically follow lodgment trends.

    As of 14 July, there have been 467,000 refunds issued to taxpayers, totalling almost $1.2 billion with an average refund amount of around $2,500. With safety nets released, the first refunds landed into taxpayers’ accounts on Friday 11 July as planned.

    IT system updates and maintenance

    Tax Time Support systems are currently marked green and operating well.

    There was a system glitch with myGov login identified with Services Australia impacting Online Services for Individuals, however this has now been resolved. Individuals using the ATO app were not impacted during this time.

    ATO Digital services

    We noted that digital services are operating as intended and there is nothing to report.

    ATO Communications

    We have started to see social media attention from taxpayers expressing disappointment in their refund amounts or shock at a tax debt. We noted this reinforces the need for the ‘back to basics’ approach with education and communication.

    We have recently updated key tax time resources in 19 languages to help support tax professionals who have clients who prefer information in languages other than English.

    The ATO’s Tax and Super Basics media and social media campaign commenced on 13 July, targeting diverse language communities with information to support them with their tax and super obligations.

    We continue to support tax practitioners by promoting the ATO’s troubleshooting guide, which can help tax agents get up-to-date information about the availability of ATO online systems and known issues.

    As the quarterly BAS lodgment date nears, we are reminding businesses about the due date, and that they may get until 25 August to lodge and pay if they lodge through a registered tax or BAS agent.

    ATO communications is highlighting the importance of providing the correct information about family income to private health insurance providers to ensure taxpayers received the right private health insurance rebate.

    Member comments

    Members expressed the need for a cultural shift around taxpayers’ entitlement to a tax refund. They stated an increasing number of taxpayers are posting to social media their dissatisfaction when they receive an unexpected tax bill at tax time.

    We acknowledged that there are many reasons why a taxpayer may receive a tax bill, i.e. gig economy, multiple incomes, PAYGI etc. Members queried if ATO communications can share greater awareness around why some taxpayers may be receiving a tax bill.

    Small Business

    We have released the Small Business Tax Time toolkit, which has useful information, guides and tools to help small business taxpayers stay informed and organised this tax time.

    We have rectified an issue raised relating to ATO website links directing some users to old content. This issue was resolved within 48 hours of being identified and all links are linking to the right content.

    Superannuation

    As of Monday morning 14 July, 83% of Single Touch Payroll (STP) records have been finalised. There were additional reminders issued on Friday 11 July through ATO social media channels.

    We reminded tax agents to ensure employers who haven’t lodged their STP finalisation declarations as of COB Monday 14 July, to do so without delay as they are now overdue. Doing so will ensure employees have the right information to lodge their 2024–25 income tax returns.

    Tax agents should make sure their clients have finalised data for all employees paid during the financial year. This includes employees that their clients may have not paid in a while, like employees or casuals who stopped work for them during the year.

    Individuals

    We will issue a media release around how to help protect yourself against scams next week. We prompted tax agents to remind their clients to be cautious of scams during tax time.

    Member comments

    Members queried whether there are any plans to issue comms to inform taxpayers who they should contact if they suspect instances of fraud. We confirmed this media release is to educate taxpayers and share the Verify or report a scam | Australian Taxation Office link to help taxpayers recognise any warning signs of tax scams, verify a suspected scam or report a scam.

    Member Insights and Experience

    Member comments

    A member raised reports from tax agents that they are receiving correspondence for incorrect clients through Practice Mail in OSfA. We requested further details to investigate this matter.

    A member raised an issue in relation to a super lump sum amount not being visible in pre-fill. We acknowledged the previously identified CSC issue and requested further details to understand if this matter is related.

    A member raised a question around the frequency of PAYGI correspondence to tax agents. We asked for examples of these correspondences to investigate this further.

    Useful links

    MIL OSI News

  • Sensex, Nifty open lower amid FII selling pressure

    Source: Government of India

    Source: Government of India (4)

    Indian equity indices opened lower on Friday, with heavyweights such as Axis Bank and Bharti Airtel among the top losers on the BSE benchmark.

    At 9:25 am, the Sensex was down 171 points or 0.21% at 82,087, while the Nifty slipped 35 points or 0.14% to 25,075.

    In the Sensex pack, M&M, Tata Steel, Power Grid, L&T, UltraTech Cement, Infosys, Tata Motors, BEL, NTPC, TCS, Trent, and Maruti Suzuki emerged as top gainers. On the other hand, Axis Bank, Bharti Airtel, Kotak Mahindra Bank, Tech Mahindra, HDFC Bank, Eternal (Zomato), HUL, Sun Pharma, Bajaj Finance, ICICI Bank, Titan, and Bajaj Finserv were among the major losers.

    On the sectoral front, auto, IT, PSU banks, metal, realty, media, energy, infrastructure, PSE, and commodities witnessed gains, while financial services, FMCG, and private banks traded in the red.

    “In July so far, India has underperformed most global markets, with the Nifty slipping by 1.6%. A key contributor to the decline has been consistent selling by FIIs. There’s a clear pattern in FII activity this year,” said Dr. VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

    “They were net sellers in the first three months, turned buyers for the next three, and now in the seventh month, the trend has again shifted toward selling — unless some positive triggers reverse the current downtrend,” he added.

    On the institutional front, foreign institutional investors (FIIs) remained net sellers for the second consecutive session on July 17, offloading equities worth ₹3,694 crore. Meanwhile, domestic institutional investors (DIIs) continued their buying streak for the ninth straight session, purchasing equities worth ₹2,820 crore.

    Akshay Chinchalkar, Head of Research at Axis Securities, noted that the Nifty ended lower for the fifth time in seven sessions on Thursday, but still held above the rising trendline drawn from the May 9 lows.

    “Technically, Thursday’s daily candle formed a bearish engulfing pattern, which aligns with our earlier view — that a close above 25,245 and then 25,340 was necessary for bulls to regain control. Hence, 25,000 remains a crucial support level, while 25,340 acts as key resistance,” he said.

    In Asia, markets were mostly trading in the green, with Shanghai, Hong Kong, Bangkok, and Jakarta posting gains, while Tokyo and Seoul traded lower. US markets closed higher on Thursday, buoyed by positive investor sentiment.

    -IANS

  • MIL-OSI Asia-Pac: Local firms hit record 1.49m

    Source: Hong Kong Information Services

    The Companies Registry today announced that 84,293 local companies were newly registered during the first half of 2025, bringing the total number of registered local companies to an all-time high figure of 1,494,806.

          

    Meanwhile, 761 non-Hong Kong companies have newly established a place of business in the city and were registered under the Companies Ordinance. The total number of registered non-Hong Kong companies reached 15,509 as at the end of June, which is also a record high.

          

    In line with the Government’s policies on facilitating business as well as attracting enterprises and investments, two improvement measures for the Companies Ordinance came into operation during the first half of 2025.

     

    The first measure enabled listed companies incorporated in Hong Kong to hold shares bought back in the treasury and dispose of them. The second one introduced a company re-domiciliation regime in Hong Kong, offering non-Hong Kong corporations a simple and cost-effective route to re-domicile to the city while preserving their legal identity and operational continuity.

       

    From January to June, the number of charges on properties of companies received for registration was 5,970, while the number of notifications of payments and releases was 9,915. There were also 1,678,809 documents delivered to the registry for registration.

     

    For electronic search services, 2,615,652 searches of document image records were carried out.

     

    As for the licensing of trust or company service providers, 350 licences were granted, resulting in 6,971 licensees up to mid-2025.

    MIL OSI Asia Pacific News

  • Lula says he won’t take orders from foreigner Trump, calls tariffs blackmail

    Source: Government of India

    Source: Government of India (4)

    Brazilian President Luiz Inacio Lula da Silva on Thursday said he would not take orders over tariffs from a foreigner, referring to U.S. President Donald Trump, and later called the United States’ threatened duty “unacceptable blackmail.”

    The comments, made during two separate events, mark a continuation of a spat between the two leaders that escalated when the U.S. announced a 50% tariff on Brazil last week.

    Trump attributed the tariff, set to start in August, to Brazil’s treatment of former President Jair Bolsonaro and to trade practices against U.S. companies that he said are unfair. The tariff announcement came days after Lula called Trump an “emperor” the world does not want.

    Lula and members of his cabinet have rejected the reasoning behind the tariffs and insisted on Brazil’s sovereignty, while calling for trade negotiations with the United States.

    “No foreigner is going to give orders to this president,” Lula said in a speech, using the slang word ‘gringo’, which in Brazil is a common term for foreigners without the pejorative sense it carries in other parts of Latin America.

    He added that Brazil would go ahead with regulation and taxation of U.S. tech firms, telling a gathering of leftist student activists in the state of Goias that tech firms are conduits of violence and fake news disguised as freedom of expression.

    Later on Thursday, during an evening TV and radio address to the nation, Lula said the defense of Brazil’s sovereignty extends to protecting itself against the actions of foreign digital platforms.

    During the near five-minute address, Lula said Brazil has been negotiating with the U.S. over tariffs, and repeated that the Latin America country had sent a proposal in May.

    “We expected a response, and what we received was unacceptable blackmail, in the form of threats to Brazilian institutions and false information about trade between Brazil and the United States,” Lula said.

    Brasilia has been holding discussions with industry groups and companies that will be affected by the U.S. tariff, while also readying potential retaliatory measures if talks fall through.

    Foreign Minister Mauro Vieira told CNN Brasil separately on Thursday that Lula was open to talks with Trump, who had not yet met each other.

    “If the circumstances are given, they will speak,” he added.

    Lula, who is in his third non-consecutive term as president of Latin America’s largest economy, saw his approval ratings start to rebound after the trade spat with Trump last week.

    (Reuters)

  • MIL-OSI USA: Case Opposes Housing And Transportation, Energy And Water Funding Measures That Fail To Support Americans Facing Rising Housing, Energy And Transportation Costs

    Source: United States House of Representatives – Congressman Ed Case (Hawai‘i – District 1)

    (Washington, DC) – U.S. Congressman Ed Case (HI-01), a member of the House Appropriations Committee, today voted in full Committee against the proposed Fiscal Year (FY) 2026 Transportation-Housing and Urban Development (HUD) Appropriations and FY 2026 Energy and Water Appropriations measures.

    The FY 2026 housing and transportation bill proposes to spend $89.9 billion for HUD, the United States Interagency Council on Homelessness and the Department of Transportation, including the Federal Aviation Administration (FAA). This is a decrease of $4.5 billion from the FY 2025 enacted level.

    The $57.3 billion Energy and Water Appropriations bill funds the Department of Energy (DOE), the U.S. Army Corps of Engineers’ (USACE) civil works programs and various energy programs. This is a decrease of nearly $776 million from the FY 2025 enacted level.

    “While these measures fund many critical Hawai‘i priorities I requested, I regrettably had to vote against both bills because of massive cuts to federal program that help everyday Americans with rising housing, transportation and energy costs,” explained Case.

    The Transportation-HUD Appropriations bill included some important wins for Hawai‘i requested by Case including $5.5 million for Case’s Community Funding Projects (described below), as well as $18.3 million for the Native Hawaiian Housing Block Grant and $28 million for the Native Hawaiian Housing Loan Guarantee Fund (for both of which programs the President’s budget has proposed $0). It also included Case’s request to continue funding for the National Transportation Safety Board (NTSB), which plays a crucial role in enhancing the safety of the helicopter and small aircraft industry through accident investigation, analysis and recommendations to prevent future incidents, including several fatal accidents throughout Hawai‘i.

    Despite these positives, Case said the bill poses significant risks to vulnerable communities by exacerbating the cost-of-living crisis and undercutting critical housing support systems. The bill eliminates the HOME Investment Partnerships Program, the only federal program dedicated to developing new affordable rental and homeownership options. It also defunds the PRO Housing Program, which empowers local governments to address housing shortages. Together, these actions remove essential tools for expanding the affordable housing supply.

    The bill further harms Americans aspiring to homeownership by stripping funding from housing counseling assistance. The net effect of the bill threatens nearly 415,000 households that rely on HUD assistance, putting them at risk of eviction and housing instability.

    The Energy and Water Appropriations bill also included numerous wins for Hawai‘i requested by Case, including funding for USACE programs that aid in the preservation of Hawaii’s coastlines across all seven inhabited islands. Specifically, the bill includes $2 million to study avenues of protection for public infrastructure on small beaches from erosion and damage caused by storms and natural wave currents; $18 million for regional sediment management, construction, operations and regulatory functions in the coastal zone; and $38 million for programs which manage aquatic weeds in public waters.

    Notably, one of Case’s highest priorities, an instruction to the USACE to complete a major update study for Honolulu Harbor, was included in the bill. This provision directs the USACE to investigate modifications to Honolulu Harbor to better handle the impacts of military operations in the state and throughout the Indo-Pacific as a whole, which can open up additional federal resources for the planned improvements of Honolulu Harbor. Also included in the bill is $9.5 million for USACE program that aids in the planning, designing and construction of small projects for commercial navigation purposes such as channels, breakwaters and jetties. This funding will aid in the investigation of best practices for Honolulu Harbor modifications.

    Despite these positives, Case opposed the measure in light of the widespread elimination of funding to advance clean, affordable and secure energy for Americans. The bill slashes vital clean energy funding nationwide, with Hawai‘i set to experience a cut of 31% on federal funding for clean energy projects and investments.

    “While the Energy and Water Appropriations measures fund many critical Hawai‘i and priorities I requested, regrettably the bill will increase energy costs for American families by revoking more than $5 billion in clean energy investments.

    “Without these federally funded programs and incentives, we risk falling dangerously behind our clean energy goals,” said Case. 

    Through his assignment on the Committee, Case secured the following seven Member-designated Community Project Funding (CPF) projects across the two bills that specifically focused on local needs in Hawai‘i:

    ·      $2 million for the Hawai‘i Department of Transportation to repair Aloha Tower, including replacing its 40-foot mast, repairing the crown of the tower and replacing its windows to weatherproof the landmark. This funding is essential to maintain Aloha Tower’s structural integrity, enhance public access and ensure that it remains a celebrated symbol of Honolulu’s history for generations to come.

    ·      $1 million for the City and County of Honolulu for its Waikīkī Vista Project. This project converts former Tokai University and Hawai‘i Pacific University classrooms into a consolidated, family-friendly emergency shelter and additional affordable housing units for low-income families. This investment will directly enhance the City’s ability to reduce family homelessness and expand affordable housing inventory in one of Hawaii’s most housing-challenged areas.

    ·      $850,000 for the City and County of Honolulu to support its Safe Harbor Support for Housing Survivors of Domestic Violence project. This funding will expand the Domestic Violence Action Center’s successful housing program by supporting property acquisition and staffing to increase safe and stable housing options for survivors and their children.

    ·      $850,000 for Kalihi Waena Elementary School to construct a new single-span pedestrian bridge with American with Disabilities Act-compliant access between Kūhiō Park Terrace and the school. The new bridge will replace dangerously deteriorating infrastructure and ensure safe and equitable access for students and community members.

    ·      $300,000 for Highlands Intermediate School to modernize and expand its media center infrastructure. The renovation will create a collaborative, technology-driven learning environment that fosters student creativity, innovation and digital literacy.

    ·      $250,000 for the Hawai‘i State Parks System and Hawai‘i Nature Center to upgrade educational and operational facilities, including classroom expansion and replacement of a sustainable wetland wastewater system supporting environmental education for thousands of Title I students annually.

    ·      $250,000 for the Hawai‘i State Broadband Office for broadband infrastructure development in our local community centers. Funding will be used toward essential network enhancements, including rewiring, electrical system upgrades and the installation of Wi-Fi access points to ensure reliable, high-speed connectivity.

    The House’s CPF rules require that each project must have demonstrated community support, must be fully disclosed by the requesting Member and must be subject to audit by the independent Government Accountability Office. Case’s disclosures are here: https://case.house.gov/services/funding-disclosures.htm.  


    Transportation-HUD Funding Bill

    More specifically, the bill includes the following funding requested by Case for programs to improve access to affordable housing in Hawai‘i and nationwide:

    ·      $18.3 million for the Native Hawaiian Housing Block Grant Program, which supports the building, acquisition and rehabilitation of affordable homes.

    ·      $5 million for core housing research partnerships with Native Hawaiian serving institutions among other minority serving institutions.

    ·      $56 million for the Self-Help and Assisted Homeownership Opportunity Program.

    ·      $17 billion for project-based rental assistance.

    ·      $5.6 billion for the Community Development Fund, which includes $3.3 billion for the Community Development Block Grant formula program.

    ·      $4 billion for the Homeless Assistance Grants.

    Transportation and infrastructure programs requested and secured by Case include:

    ·      $380 million for the Maritime Security Program, $123 million for the Port Infrastructure Development Program and $30 million for assistance to small shipyards like Kalaeloa/Barbers Point.

    ·      $64 billion for the Federal Highway Administration to improve the safety and long-term viability of our highways.

    ·      $23 billion for the FAA, including $10 billion to fully fund air traffic control operations and allow the FAA to hire 2,500 air traffic controllers to replace the retiring workforce.

    ·      $15 billion for the Federal Transit Administration.

    A summary of the Transportation-HUD Appropriations bill is available here.

    Energy and Water Funding Bill

    More specifically, the bill includes the following energy and water-related programs and provisions requested and secured by Case and of specific benefit to Hawai‘i: 

    ·      Language directing the USACE to investigate modifications to Honolulu Harbor to better accommodate the impacts of military operations in the state and throughout the Indo-Pacific as a whole.

    ·      $2 million for the USACE’s beach erosion and hurricane and storm damage reduction activities.

    ·      $40 million for flood control and coastal emergencies efforts.

    ·      $18 million for the USACE’s National Coastal Mapping Program, which provides high-resolution elevation and imagery data along the U.S. shorelines on a recurring basis which can provide a better understanding of human uses, issues and constraints in coastal regions.

    ·      $12 million for the USACE’s Aquatic Plant Control Program, which conducts research and development of biological, chemical, cultural and ecological capabilities for controlling invasive aquatic plants.

    ·      Language modifying a clean energy program under DOE that has been widely beneficial for Hawai‘i. The newly named Energy Technology Innovation Office, previously known as the Energy Transitions Initiative, supports island and remote communities by providing personalized technical and financial assistance. Case recently introduced legislation make to make this program permanent. (See here for more details.)

    ·      Language directing the DOE to investigate potential benefits of having small-modular nuclear reactors as a source of clean, domestically sourced electricity for remote, noncontiguous U.S. areas such as Hawai‘i.

    A summary of the Energy and Water Appropriations bill is available here

    These two bills are the 6th and 7th of twelve separate bills developed and approved by the Appropriations Committee that would fund the federal government at some $1.6 trillion for FY 2026 commencing October 1st of this year. The bills now move on to the full House of Representatives for its consideration.   

    ###

     

     

    MIL OSI USA News

  • MIL-OSI: FACT CHECK: Frequency Holdings YCRM Issues Clarification On Procedural Judgment; No Liability to Company, Litigation Exposure Remains for Luciano Aguayo

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, July 17, 2025 (GLOBE NEWSWIRE) — Frequency Holdings Inc. (OTC: YCRM), a Nevada public company, issues this clarification following a press release distributed on July 17, 2025, by Luciano Aguayo, defendant in the original and now-defunct lawsuit brought by ReachOut Technology Corp., a former subsidiary of YCRM.

     The judgment referenced in the release has no financial or legal impact on YCRM. The company retains full ownership and operation of reacquired assets, including customer contracts and intellectual property.

    YCRM is Not Liable — But the Claims Against Aguayo Remain Alive

    The judgment does not affect YCRM. Claims originally brought against Mr. Aguayo, estimated during mediation at over $9 million, were dismissed without prejudice and remain enforceable. These may be reasserted at any time by the current rights holder. The new owner of ReachOut Technology Corp. may pursue these claims at any time.

    Court Judgment Was Procedural — Not a “Vindication”

    Contrary to the implication of Mr. Aguayo’s release, the default judgment was issued due solely to ReachOut Technology Corp.’s lack of legal representation following its sale. No discovery had begun, depositions given, or evidence presented at the time of judgement. The court’s judgment was procedural, as stated in official hearing minutes, it had nothing to do with the facts or truth of the case. It happened because the previous subsidiary had no lawyer at the time.

    Aguayo’s Allegations About Contradict Court Records

    Court documents confirm that Attorney Matt Nirider left his law firm (Nelson Mullins) for an in-house role. The motion to withdraw explicitly states: “Following Attorney Nirider’s departure, ReachOut and Jordan desire to retain new counsel.” The firm’s withdrawal was based solely on attorney movement and client choice, not adverse facts.

    Misleading Affidavit Falsely Cited As “Testimony” – Former Employee Was Fired for Cause

    The misleading statement referenced as “under oath in federal court” was not court testimony at all but an affidavit from a former employee terminated for job abandonment, underperformance, and later found to have a conflict of interest for undisclosed side business activity. She was not subject to cross-examination and faces credibility challenges in any proceedings.

    Customer Contracts Were Reacquired and Remain Active

    In April 2025, YCRM publicly disclosed its reacquisition of customer contracts, intellectual property, and operational assets of the original ReachOut Technology Co. These are now under a new, fully operational subsidiary. This deal is wholly unrelated to the dismissed lawsuit and affirms YCRM’s continuity and commercial strength.

    Rick Jordan, CEO of Frequency Holdings, stated: “We’re not going to let misinformation distract from the reality we’ve built. Our clients stayed. Our business is stronger than ever. And anyone trying to rewrite history for their own PR stunt should be careful what they invite.

    YCRM reserves all rights. All legal remedies remain available and active. Any future litigation against Aguayo, whether civil or criminal in nature, remains entirely within the discretion of the asset holder.

    This statement is provided solely for the benefit of shareholders, regulators, and stakeholders, and does not constitute an admission, denial, or waiver of any legal right or position.

    PR Contact:
    Cheryl Conner
    SnappConner PR
    801-806-0150
    info@SnappConner.com
    PR@frequencyhold.com

    The MIL Network

  • MIL-OSI Banking: Money Market Operations as on July 17, 2025

    Source: Reserve Bank of India


    (Amount in ₹ crore, Rate in Per cent)

      Volume
    (One Leg)
    Weighted
    Average Rate
    Range
    A. Overnight Segment (I+II+III+IV) 6,09,521.02 5.30 4.75-6.35
         I. Call Money 18,360.64 5.35 4.75-5.40
         II. Triparty Repo 4,06,012.65 5.28 5.24-5.32
         III. Market Repo 1,82,713.18 5.34 5.00-6.00
         IV. Repo in Corporate Bond 2,434.55 5.48 5.42-6.35
    B. Term Segment      
         I. Notice Money** 205.10 5.33 4.95-5.50
         II. Term Money@@ 751.50 5.20-5.68
         III. Triparty Repo 1,079.00 5.30 5.30-5.30
         IV. Market Repo 189.34 5.50 5.50-5.50
         V. Repo in Corporate Bond 0.00
      Auction Date Tenor (Days) Maturity Date Amount Current Rate /
    Cut off Rate
    C. Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF)
    I. Today’s Operations
    1. Fixed Rate          
    2. Variable Rate&          
      (I) Main Operation          
         (a) Repo          
         (b) Reverse Repo          
      (II) Fine Tuning Operations          
         (a) Repo          
         (b) Reverse Repo          
    3. MSF# Thu, 17/07/2025 1 Fri, 18/07/2025 808.00 5.75
    4. SDFΔ# Thu, 17/07/2025 1 Fri, 18/07/2025 1,06,279.00 5.25
    5. Net liquidity injected from today’s operations [injection (+)/absorption (-)]*       -1,05,471.00  
    II. Outstanding Operations
    1. Fixed Rate          
    2. Variable Rate&          
      (I) Main Operation          
         (a) Repo          
         (b) Reverse Repo          
      (II) Fine Tuning Operations          
         (a) Repo          
         (b) Reverse Repo Tue, 15/07/2025 3 Fri, 18/07/2025 57,450.00 5.49
      Fri, 11/07/2025 7 Fri, 18/07/2025 1,51,633.00 5.49
    3. MSF#          
    4. SDFΔ#          
    D. Standing Liquidity Facility (SLF) Availed from RBI$       5,857.45  
    E. Net liquidity injected from outstanding operations [injection (+)/absorption (-)]*     -2,03,225.55  
    F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*     -3,08,696.55  
    G. Cash Reserves Position of Scheduled Commercial Banks          
         (i) Cash balances with RBI as on July 17, 2025 9,69,527.82  
         (ii) Average daily cash reserve requirement for the fortnight ending July 25, 2025 9,63,288.00  
    H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ July 17, 2025 0.00  
    I. Net durable liquidity [surplus (+)/deficit (-)] as on June 27, 2025 5,79,904.00  

    @ Based on Reserve Bank of India (RBI) / Clearing Corporation of India Limited (CCIL).

    – Not Applicable / No Transaction.

    ** Relates to uncollateralized transactions of 2 to 14 days tenor.

    @@ Relates to uncollateralized transactions of 15 days to one year tenor.

    $ Includes refinance facilities extended by RBI.

    * Net liquidity is calculated as Repo+MSF+SLF-Reverse Repo-SDF.

    Ajit Prasad          
    Deputy General Manager
    (Communications)    

    Press Release: 2025-2026/735

    MIL OSI Global Banks

  • MIL-OSI Banking: [Unboxing] Galaxy Z Flip7: The Compact AI Smartphone in the Palm of Your Hand

    Source: Samsung

    With its pocket-friendly compact design and stylish aesthetic, the Galaxy Z Flip series has remained a fan favorite — and now it’s back, more sophisticated than ever.
     
    Making its debut at Galaxy Unpacked 2025 in Brookyln, the Galaxy Z Flip7 instantly grabbed attention with its significantly larger FlexWindow and innovative AI features — all optimized for the foldable form factor.
     
    From design to usability, Samsung Newsroom unboxed the Galaxy Z Flip7 to explore how the device has been taken to the next level.
     

    ▲ The Galaxy Z Flip7 and its packaging
     
     
    Right Out of the Box: First Impressions of the Galaxy Z Flip7
    ▲ Contents of the Galaxy Z Flip7 box
     
    The cover of the slim black package features a design element inspired by the Galaxy Z Flip7, creating a minimal yet premium impression. The Galaxy Z Flip7 box contains the device, a USB-C cable and a simple user manual.
     
    ▲ The Galaxy Z Flip7
     
    When lifting the device out of the box, the first thing that stands out is how light and compact it feels in one hand. The Galaxy Z Flip7 is the slimmest model in the Galaxy Z Flip series yet, measuring just 13.7mm thick when folded.
     
    ▲ The Armor FlexHinge provides smooth, reliable folding over extended use.
     
    ▲ The Galaxy Z Flip7 is slimmer than ever, measuring 13.7mm thick when folded and 6.5mm when unfolded.
     
    The Armor Aluminum Frame and Armor FlexHinge create a sleek but strong appearance, conveying a sense of stability when held in the hand.
     
    ▲ The back of the Galaxy Z Flip7
     
    In a first for the Galaxy Z series, the Blue Shadow color is available in a luxurious navy tone — enhancing the Galaxy Z Flip7’s iconic design and making it stand out even more.
     
    ▲ The colors of the Galaxy Z Flip7
     
     
    FlexWindow: Capturing High-Quality Selfies on a Larger Screen, Without Unfolding
    ▲ A comparison of the FlexWindow sizes between the Galaxy Z Flip6 and Z Flip7
     
    The most noticeable change in the Galaxy Z Flip7 is its FlexWindow. The bezel surrounding the dual cameras measures just 1.25mm thick, making the 4.1-inch FlexWindow — which spans the entire surface — the largest ever featured in the Galaxy Z Flip series.
     
    Even when it’s folded, users can easily handle essential daily tasks directly from the FlexWindow, taking the out-of-your-pocket, ready-to-use foldable experience to the next level.
     
    ▲ Front view of the Galaxy Z Flip7 with the FlexWindow
     
    When the screen is turned on, its bright and vivid display provides a clear, expansive view. Compared to its predecessor, the Galaxy Z Flip7 delivers a peak brightness of up to 2,600 nits and a 120Hz refresh rate, allowing users to enjoy a variety of content with stunning clarity.
     
    Dragging the camera icon to launch FlexCam opens a wide camera preview on the FlexWindow. When users turn on the Cover camera effects feature, first introduced on the Galaxy Z Flip7, the ring that surrounds the dual camera hole will change color depending on the shooting mode, immediately capturing the users’ attention: white for standard, yellow for photo and red for video. This allows the users to see the current mode at a glance.
     
    ▲ The activated FlexCam displays its status with colored rings around the camera lenses.
     
    
    ▲ The Zoom Slider on the FlexWindow
     
    The Zoom Slider on the FlexWindow allows for intuitive zooming in or out with a simple swipe, making it easier to adjust the camera angle for selfies. When taking full-body shots or group photos with friends, the Auto Zoom feature automatically adjusts the framing based on the subject’s position, ensuring a well-balanced composition.
     

    ▲ Real-Time Filters on the FlexWindow
     
    Meanwhile, users can apply filters in real time directly on the FlexWindow, allowing them to capture their desired look without additional editing. Thanks to this feature, users can take the perfect selfie — using only the FlexWindow — to mark their first encounter with the Galaxy Z Flip7.
     
     
    A New FlexWindow Optimized for AI
    The FlexWindow becomes even more powerful when combined with intelligent AI features. With the latest Android 16-based One UI 8, the Galaxy Z Flip7 offers a UX optimized for the form factor, enabling a more intuitive and seamless AI experience right from the FlexWindow.
     
    Long pressing the power button launches the AI agent to activate Google Gemini. After initiating the camera view and asking a question like “Can you recommend an outfit color that matches today’s makeup?”, a natural conversation follows, with real-time styling tips provided to complement the user’s makeup.
     

    ▲ Users can activate Google Gemini directly from the FlexWindow. (*To listen to the audio, click the speaker button at the bottom of the video)
     
    With the Galaxy Z Flip7, users can effortlessly handle everyday tasks — such as adding calendar events or getting local recommendations — using only voice commands from the FlexWindow. Moreover, users can also engage in a conversation to receive real-time information, just like chatting with a friend.
     
    Taking it a step further, Now Bar, located at the bottom of the FlexWindow, enables users to instantly control music and video playback, as well as quickly check information from various apps and get real-time updates. Meanwhile, Now Brief delivers personalized information based on location, time and usage patterns — which can also be accessed without unfolding the device — further enhancing everyday convenience.
     
    ▲ Now Brief
     
     
    Unfolded: More Powerful, More Versatile
    Even when the device is folded, the Galaxy Z Flip7 offers versatility for users. When it’s unfolded, there is even more that the Galaxy Z Flip7’s main display has to offer.
     
    ▲ A comparison of the main displays of the Galaxy Z Flip6 and Z Flip7
     
    The larger screen and expansive feel of the Galaxy Z Flip7 immediately stand out when placed side by side with its predecessor, the Galaxy Z Flip6. The 6.9-inch Dynamic AMOLED 2X main display delivers vibrant image quality and a smooth refresh rate, offering a more immersive viewing experience.
     
    The Galaxy Z Flip7 is also the first in the Galaxy Z series to support Samsung DeX. By unfolding the device and connecting it to an external display, mouse or keyboard, users can instantly turn it into a portable workstation.
     
    Compact in form yet powerful with AI, the Galaxy Z Flip7 redefines the foldable mobile experience, offering seamless, ready-in-your-pocket AI usability and expanded functionality when unfolded. Samsung looks forward to how the Galaxy Z Flip7 will shape users’ everyday life.

    MIL OSI Global Banks

  • MIL-OSI Russia: China’s Outbound Investments Exceed 5 Percent Annual Average Growth Rate in 2021-2024

    Translation. Region: Russian Federal

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

    An important disclaimer is at the bottom of this article.

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

    BEIJING, July 18 (Xinhua) — China’s outbound investment grew at an average annual rate of over 5 percent from 2021 to 2024, making it one of the world’s top three investors, Chinese Commerce Minister Wang Wentao said at a press conference in Beijing on Friday. -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 Russia: China’s Trade-In Programs Boost Consumer Market Development: Commerce Minister

    Translation. Region: Russian Federal

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

    An important disclaimer is at the bottom of this article.

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

    BEIJING, July 18 (Xinhua) — China’s trade-in sales revenue exceeded 2.9 trillion yuan (about 405.6 billion U.S. dollars) as of the end of June 2025, Chinese Commerce Minister Wang Wentao said at a press conference on Friday. -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