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  • MIL-OSI United Kingdom: Leeds Reforms to rewire financial system, boost investment and create skilled jobs across UK

    Source: United Kingdom – Executive Government & Departments

    News story

    Leeds Reforms to rewire financial system, boost investment and create skilled jobs across UK

    Red tape cut and savers supported to invest as Chancellor rewires financial system to boost growth

    • Leeds Reforms will make the UK the number one destination for financial services businesses by 2035, attracting inward investment and creating good skilled jobs across the UK through the Plan for Change. 

    • Rachel Reeves promises to “double down on the UK’s global strengths” as she unveils first-ever Financial Services Growth and Competitiveness sector plan, a key plank of the modern Industrial Strategy.

    Working people will be equipped with the support they need to invest and grow their savings, under plans to rewire the financial system to attract investment, create good skilled jobs across the country and put more money into people’s pockets. 

    Banks will send investment opportunities to savers with cash sitting in low-interest accounts for the first time, and major financial institutions – including high street banks – are backing an advertising campaign that will highlight the opportunities of investing for consumers who are able to do so.  

    Under current trends, moving £2,000 from these accounts to stocks and shares could make millions of people over £9,000 better off in 20 years’ time. 

    The plans to boost people’s savings and the economy were unveiled by the Chancellor at a summit of top finance executives in Leeds today as she set out the widest ranging reforms to financial regulation in over a decade – backing one of the key eight growth driving sectors of the future identified in the Government’s modern Industrial Strategy published last month.    

    The Chancellor told executives that, having delivered stability and a sustainable strategy for investment, it was time for the UK to “double down on its global strengths” through reform to make sure it stays ahead in the global race for business investment and the good skilled jobs they bring.

    Chancellor of the Exchequer, Rachel Reeves said:

    We fixed the public finances and stabilised the economy. Now we need to double down on our global strengths to put the UK ahead in the global race for financial businesses – creating good skilled jobs in every part of the country and helping savers’ money go further through our Plan for Change.

    Business Secretary, Jonathan Reynolds said:

    Financial Services are a UK success story, and one of the eight sectors we identified with the biggest potential for growth in our modern Industrial Strategy. 

    This sector plan will help make the UK the number one destination for financial services by 2035 and is all about delivering on our Plan for Change to boost the economy and put more money in people’s pockets.

    Economic Secretary to the Treasury, Emma Reynolds said:

    Helping people take advantage of better returns from investing is key to better financial health, giving them a stake in a growing economy and connecting promising businesses with capital. These reforms will make the UK the best location for financial services firms and tear down barriers to investment to growing our economy and making families better off.

    The Leeds Reforms tear down the barriers to attracting investment in the finance sector by reintroducing informed risk-taking into the system, cutting unnecessary red tape, driving more finance into public markets and actively helping international companies to set up in the UK. 

    This will position the UK as the number one destination for financial services companies by 2035, attracting business from around the world to harness the knowledge, talent and expertise in financial services hot spots from Glasgow to Leeds, and help the UK achieve an ambitious target to double the growth rate in UK net exports in these services over the next decade.

    Unlocking retail investment 

    The UK has the lowest level of retail investment among G7 countries, meaning savers are not getting the best bang for their buck and UK businesses are starved of an important source of capital. 

    Stocks and shares have performed significantly better than cash savings accounts in recent decades. According to some industry estimates, more than 29 million adults across the UK have cash sitting in a low-interest rate account offering around 1% – while the average return for stocks and shares over the last 10 years is around 9%. If those savers invested £2000 today, they could have £12,000 in 20 years’ time. This compares to £2,700 if they held this money in a cash account offering 1.5% at the current interest rate, making them over £9,000 better off.

    The industry-led ad campaign will help to explain the benefits of investing, and from April 2026 the Financial Conduct Authority will roll out Targeted Support – allowing banks to alert customers about specific investment opportunities to consider shifting money from a low-return current accounts to higher-performing stocks and shares investments.  

    Alongside a review of risk warnings on investment products to make sure they help people to accurately judge risk levels, this will guide people through a key barrier to investing – getting lost between large number of investment products on offer. 

    The Government will continue to consider reforms to ISAs and savings to achieve the right balance between cash savings and investment. 

    As a first step, the Government will allow Long Term Asset Funds to be held in Stocks & Shares ISAs next year, allowing more individuals to invest in assets that will support the UK’s future success, like innovative businesses and infrastructure – which can also deliver better returns.

    Cutting red tape to attract investment and drive growth

    Businesses will be welcomed to the UK with open arms and unnecessary financial red tape that stalls inward investment and slows growth will be drastically cut under the plans. 

    A new concierge service within the Office for Investment will harness UK networks globally to actively court international financial services companies, creating a one-stop-shop to promote the UK and provide tailored support to help businesses plan where to invest based on their needs – better harnessing specialist clusters across the country from asset management in Edinburgh, to Fintech in Leeds and Cardiff, and insurance in Norwich and Norfolk. 

    First-time buyers will be supported to get on the housing ladder, with the Bank of England allowing more lending at over 4.5 times a buyer’s income – which could help 36,000 more people buy a home over its first year and are helping Nationwide support an additional 10,000 first-time buyers by lowering income thresholds for its popular ‘Helping Hand’ mortgage from tomorrow. Simplified mortgage lending rules being considered by the Financial Conduct Authority will also make it easier for existing borrowers to remortgage, while the introduction of a permanent government-backed Mortgage Guarantee Scheme will secure the availability of high loan-to-value mortgage products in times of economic uncertainty. 

    The Financial Ombudsman Service will be returned to its original purpose as a simple, impartial dispute resolution service which quickly and effectively deals with complaints against financial services firms under today’s reforms instead of acting as a quasi-regulator, with its decisions more closely aligned to the Financial Conduct Authority’s rules. This takes action on a key business complaint about the unpredictable and inconsistent nature of redress action, boosting firms’ confidence to invest and innovate. 

    The Senior Managers and Certification Regime – which was originally intended to address failures in individual accountability and culture that contributed to the 2008 financial crisis – has been implemented in a way that creates unnecessary costs for business. Today’s reforms will help deliver a commitment to radically streamline the regime, cutting the burden on firms in half. 

    The Financial Conduct Authority’s Consumer Duty rules were also intended to raise standards in how finance companies treat retail consumers, but today affect the way businesses interact with other businesses – such as investment banks and asset managers. The Financial Conduct Authority will therefore review how the Consumer Duty applies to these wholesale firms.

    Freeing capital for investment 

    Capital will be freed up for banks to invest in the UK. 

    International banks and investors will benefit from greater certainty as the UK backs Bank of England reforms to raise the MREL threshold – the minimum amount of money and certain types of debt that a bank must have – to £25–40 billion, freeing up billions for lending and investment.  

    New Basel 3.1 banking rules will be introduced from January 2027 in a way that supports UK competitiveness, with UK-focused lenders given the clarity they need to plan and invest, while the requirements are delayed for the largest firms’ investment banking activities to ensure the UK is aligned with how other jurisdictions implement the rules. 

    The ring-fencing regime – which separates banks’ retail and investment banking activities – will be reformed. The Economic Secretary will lead a review looking at how changes can strike the right balance between growth and stability, including protecting consumer deposits. 

    This comes alongside a major review by the Financial Policy Committee of bank capital requirements. The review will inform work by the Government and Bank of England to ensure UK banks can compete internationally and provide vital investment in the economy whilst maintaining the international regulatory standards which are crucial to securing financial stability.

    Promoting innovation and making the UK the Fintech capital of the world 

    Bespoke support will be provided to firms as they start, scale and list, and a pipeline of skills will support financial services firms to seize tomorrow’s opportunities for growth.  

    Financial business will receive intensive support through the start-up phase, helping them create a proven concept and attract growth funding. 

    A single regulator point of contact will also help these businesses through the scale-up phase, providing technical support to help understand requirements and speeding up regulator responsiveness. 

    Businesses will also benefit from better access to finance, with the Government recently uplifting the British Business Bank’s financial capacity to £25.6 billion. 

    The sector will also be supported by a better pipeline of skills, with a new Global Talent Taskforce helping attract top international talent to the UK, funding for 50 PhD students through the £187 million TechFirst programme to align their research with the needs of key players in the sector and a new financial services skills compact led by the Financial Services Skills Commission to ensure skills needs are met.

    More information

    • The Financial Services Growth and Competitiveness Strategy sector plan can be found on the Treasury’s website. 

    • Major financial services firms have agreed to support the campaign on retail investment: Barclays, NatWest, HSBC, Lloyds Banking Group, AJ Bell, Hargreaves Lansdown, Vanguard, Freetrade, Octopus Money, Robinhood UK, Trading 212, St James’s Place, Interactive Investor, Schroders and the London Stock Exchange. The Investment Association will provide the secretariat to the campaign. The Money and Pensions Service (MaPS), the Financial Conduct Authority (FCA) and HM Treasury will support the campaign in an advisory capacity. 

    • Figures for how much a saver could benefit from investing in stocks and shares are illustrative. They are not a guarantee of future returns. 

    • The UK will aim to double the real growth rate in net exports of financial services between 2025 and 2035 compared to the last decade (2014-2024). This would mean financial services net exports going from a compound annual growth rate of 1.37% to 2.7%, a cumulative increase in annual financial services net exports of 30% between 2025 and 2035.

    Mike Reigner, Chief Executive Officer, Santander UK said:

    We welcome the announcement of the Leeds Reforms today, which set out a positive vision for UK financial services. The changes outlined within the package are important steps to modernising the UK’s regulatory architecture, and will enable banks like ours to support our customers better and drive growth within the wider economy.

    Sir Charles Roxburgh KCB, Chair, Lloyd’s said:

    Today’s announcements by the Chancellor — focused on streamlining regulation, reducing burdens on firms, and enabling innovation and growth — are a real boost for the London insurance market. The Government’s clear support for our sector, and its recognition of specialty insurance and reinsurance as a Frontier Industry in its Modern Industrial Strategy, strengthen my confidence in Lloyd’s continued success at the heart of the market.

    Hannah Gurga, Director General, ABI said:

    The Leeds Reforms set a constructive and positive path to accelerating investment and growth in the UK economy. Closer alignment between the FOS and FCA, alongside a streamlined Senior Managers and Certification Regime, are critical steps towards delivering the clarity and regulatory environment our industry needs to thrive. It’s encouraging to see the vision set out in the Financial Services Growth and Competitiveness plan, and we look forward to working with the government, regulators and wider industry to help cement the UK’s status as the world’s leading financial centre.

    António Simões, Group CEO, L&G said:

    Driving long-term economic growth and prosperity requires action today and this package is another step in the right direction. Connecting investment capital to the most compelling opportunities, streamlining regulation whilst maintaining standards and protection, and support for consumers to save in ways that will better benefit them in the future is the kind of intervention we need. Now we must keep up the pace and ambition to turn these plans into tangible action that makes a difference on the ground and in people’s pockets.

    Chris Cummings, Chief Executive, the Investment Association said:

    The Leeds Reforms bring together an ambitious programme for financial services reform, which aims to modernise capital markets, cut regulatory red tape and broaden the benefits of investing to more people across the UK – in turn delivering investment-led growth and improved financial resilience for UK households. We called on the government to undertake bold reforms to strengthen the UK’s retail investment culture and they have done so. Better communication of the returns investing brings is key if we’re to empower more people to invest, and we’re proud to take part in the industry-led campaign to raise awareness of the benefits of investing and the review of risk warnings. We’re also extremely pleased that Long-Term Asset Funds will now be incorporated into the Stocks and Shares ISA – a reform we have long called for to broaden access to private markets.

    Drazen Jaksic, Chief Executive Officer, Zurich UK said:

    We welcome the Chancellor’s commitment to building a stronger, more resilient UK economy. The focus on sustainable growth, investment in innovation, and fostering long-term confidence is closely aligned with Zurich’s own priorities. As one of the UK’s leading insurers, we stand ready to work together with policymakers, customers, and partners to help deliver on these goals. We look forward to further engagement with the government to ensure the insurance sector remains robust, innovative, and able to meet the evolving needs of people and businesses across the UK.

    David Postings, Chief Executive, UK Finance said:

    Financial services are vital to the UK economy and I strongly welcome the Chancellor’s support for our sector as one of the UK’s global strengths.

    We submitted a range of ideas to government to help support growth and the UK’s position as a global financial centre. Across many of these key areas the Chancellor has listened and delivered significant positive change.

    Reforming the Financial Ombudsman Service, streamlining regulation in areas such as the Senior Managers and Certification Regime and the Consumer Duty, and supporting work by regulators to unlock capital for lending, will all help to drive investment and create a more pro-growth operating environment. 

    Having a regulatory system that allows for appropriate risk-taking is vital to ensuring the sector can better support UK businesses, consumers and the government’s growth mission.

    Charlie Nunn, CEO, Lloyds Banking Group said:

    We welcome the ambition shown in the Leeds Reforms to unlock investment, boost financial resilience, and support long-term economic growth. As a sector, we have a vital role to play in helping customers make the most of their money and in facilitating investment and innovation that benefits communities and businesses across the UK.

    Updates to this page

    Published 15 July 2025

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Recommendations for the Financial Market Infrastructure Committee: July 2025

    Source: United Kingdom – Executive Government & Departments

    Correspondence

    Recommendations for the Financial Market Infrastructure Committee: July 2025

    Letter from the Chancellor of the Exchequer to the Governor of the Bank of England providing recommendations for the Financial Market Infrastructure Committee.

    Documents

    Letter from Chancellor of the Exchequer to Governor of the Bank of England

    PDF, 80.2 KB, 5 pages

    This file may not be suitable for users of assistive technology.

    Request an accessible format.
    If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email digital.communications@hmtreasury.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.

    Details

    The Financial Market Infrastructure Committee (FMIC) has responsibility within the Bank for exercising the Bank’s FMI functions as set out in the Bank of England Act 1998.  

    The BoE Act 1998 requires the Treasury, at least once in each Parliament, to make recommendations to the FMIC about aspects of the government’s economic policy to which the Bank should have regard when considering how to advance its objectives and the application of its regulatory principles. This letter provides such recommendations and outlines the important role that the Bank plays in protecting financial stability, facilitating innovation, and supporting the government’s growth mission.  

    The FMIC is required to respond to the recommendations from the Treasury within a year of receiving the recommendations, and each subsequent year after that. These responses set out action that the FMIC has taken, or intends to take, in accordance with the recommendations, or why it has not acted.

    Updates to this page

    Published 15 July 2025

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  • MIL-OSI United Kingdom: Reeves to cut financial red tape to boost homeownership

    Source: United Kingdom – Government Statements

    Press release

    Reeves to cut financial red tape to boost homeownership

    Red tape swept away in biggest financial regulation reforms in a decade to boost homeownership and put more money into people’s pockets through the government’s Plan for Change. 

    • Nationwide set to widen access to its ‘Helping Hand’ mortgage from Wednesday, supporting 10,000 extra first-time buyers thanks to Chancellor’s Leeds Reforms. 

    • Reeves: Benefits of a thriving finance sector will be felt all over Britain 

    The Chancellor is expected to announce the biggest set of reforms to financial regulation in a decade at a summit of top finance executives in Leeds today, as part of the government’s mission to kick start economic growth and support more first-time buyers.  

    Red tape holding back the competitiveness of the UK financial sector will be swept away under the Leeds Reforms, addressing long-standing industry complaints.  

    The changes will see Britain become the top destination for finance firms over the next decade, attracting inward investment from across the globe to create good, skilled jobs around the country.  

    Prospective homeowners will be given a leg up onto the housing ladder under the plans, with regulators acting on the Chancellor’s push to regulate for growth.  

    More mortgages will be available at over 4.5 times a buyer’s income following Bank of England recommendations that some banks and building societies offer more high loan-to-income mortgages – creating up to 36,000 additional mortgages for first-time buyers over the first year. 

    This change means that Nationwide will be able to make its popular ‘Helping Hand’ mortgage available to people with lower incomes. From Wednesday, eligible first-time buyers can apply for the mortgage with a £30,000 salary, down from £35,000, and joint applicants with a £50,000 combined salary – down from £55,000. This will support an additional 10,000 first-time buyers each year. 

    This comes alongside the creation of a permanent mortgage guarantee scheme, delivering on a Manifesto commitment and ensuring high loan-to-value mortgages continue to be available in times of uncertainty, as well as a review of Financial Conduct Authority lending rules that could allow a prospective buyers’ record of paying rent on time to show they can afford mortgage repayments. 

    The reforms will be unveiled in Leeds ahead of the Chancellor’s Mansion House speech this evening. 

    Speaking in the City of London, Chancellor of the Exchequer Rachel Reeves is expected to say:

    This is the foundation of an economy, and a country, that is more active and more confident.  

    Where people and businesses look to the future and talk about hope about opportunity. 

    Assured of their own capability, and of the ability of our country to boldly face the challenges that lie ahead. 

    And certain of the prize if they succeed. 

    Of higher wages and higher living standards. 

    The renewal of Britain in every home and every high street. 

    To put it simply: a Britain that is better off. 

    She will add on homeownership: 

    I welcome the recent changes the Financial Policy Committee has announced to the loan-to-income limit on mortgage lending, which the PRA and FCA are implementing immediately.  

    With an instant impact for consumers, such as Nationwide offering its ‘Helping Hand’ mortgage to more first time-buyers – supporting an additional 10,000 each year. 

    She will conclude: 

    Today, I have placed financial services at the heart of the government’s growth mission. 

    Recognising that Britain cannot succeed and meet its growth ambitions without a financial services sector that is fighting fit and thriving.  

    And I have been clear on the benefits that that will drive. 

    With a ripple effect that will drive investment in all sectors of our economy and put pounds in the pockets of working people.

    Updates to this page

    Published 15 July 2025

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  • MIL-OSI Russia: Participants of the “Call Back Yourself” project seminar will be told about investment fraud schemes

    Translation. Region: Russian Federal

    Source: Moscow Government – Government of Moscow –

    An important disclaimer is at the bottom of this article.

    At the urban project seminar “Call me back yourself” will tell about new types of fraud. These may be messages about supposedly profitable investments of savings in company shares under the guidance of an experienced investor, about capitalization at high interest rates, about participation in non-existent innovative projects, as well as fake investments in startups and other financial schemes for deceiving residents.

    “Investments and savings deposits with interest are an opportunity to receive passive income and accumulate funds. However, it is important to remember that no financial institution will work at a loss to itself and offer interest rates higher than the market average or guaranteed profitability conditions for a project that is just starting up. Fraudsters use various tricks and techniques to convince residents to transfer money to accounts: they create websites with advantageous offers similar to well-known companies, offer deposits on extremely favorable terms, and promise a several-fold increase in profits. At the new seminar of the “Call Me Back” project, experts will tell you what to pay attention to when receiving advantageous financial offers so as not to fall for the tricks of intruders, and will also remind you of the importance of cyber hygiene,” said Valentina Shilina, head of the “Call Me Back” project of the capital’s Department of Information Technology.

    The event will take place on July 17 at 11:00. It can be visited in person or join the broadcast on a social network “VKontakte”.

    Representatives of the capital’s Department of Information Technology, Main Directorate of the Ministry of Internal Affairs for the city of Moscow, experts from the Financial Literacy Center of the city of Moscow and the National Association of Bond Market Participants.

    Using real-life examples, they will explain popular techniques of fraudsters in the field of financial pyramids and investments, share tips on how to protect your savings and funds, and answer questions from participants.

    For example, scammers deceive city dwellers using duplicate websites, job interviews in companies where they promise high income after purchasing products, investing in startups and even multiplayer games. They use similar techniques for different audiences: an offer, convincing of reliability through false guarantees and fake documents, pressure on emotions and pushing to make a quick decision, pressure with authority or persuasion.

    Following the seminar, the project website will be updated in the section “Webinar Archive” A recording and useful materials based on expert recommendations will be available.

    The online information project “Call Back Yourself” was created in 2022 by the Moscow Government together with the Main Directorate of the Ministry of Internal Affairs of Russia for the city of Moscow. It helps city residents protect themselves and their loved ones from telephone and online fraud. The project’s website contains information about upcoming in-person and online events, as well as memos and recommendations from experts, recordings of past webinars and other useful materials.

    In 2023, the Call Me Back project won the Golden Site award in the Best Social Project Website category. It was also awarded the Runet Prize in the Information Security category.

    The creation and support of information security tools, as well as counteracting cyber fraud, corresponds to the objectives of the national project “Data Economy and Digital Transformation of the State”.

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

    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.

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    MIL OSI Russia News –

  • MIL-OSI Russia: Mosprom presented a chatbot to help the capital’s exporters

    Translation. Region: Russian Federal

    Source: Moscow Government – Government of Moscow –

    An important disclaimer is at the bottom of this article.

    The Mosprom Center for Export, Industry and Investment Support has launched a chatbot Mosprom Export Support. The instrument was created within the framework of the city’s systemic program for the development of non-raw materials, non-energy exports of manufacturing companies. This was reported by the Minister of the Moscow Government, head of the capital’s Department of Investment and Industrial Policy Anatoly Garbuzov.

    “On the instructions of Sergei Sobyanin, the city is consistently developing the capital’s export potential. The Mosprom Export Support chatbot has become another convenient tool that will help entrepreneurs enter foreign markets faster and with lower costs. The chatbot contains up-to-date information on federal and regional support measures – from preferential loans and subsidies to fresh analytics and certification – and automatically selects them depending on the size of the company, industry and specific needs of the exporter,” noted Anatoly Garbuzov.

    The service structures data on the export of goods and access to foreign markets: quotas and licenses, duties on 212 countries and territories, non-tariff barriers, sanctions and protection tools. Based on the results of the request, the bot generates reports in a text editor, helping companies choose areas of support and learn about export conditions.

    “The focus of our work is on providing systemic assistance to the capital’s exporters: we listen carefully to their requests and implement digital innovations to make services as convenient and understandable as possible. It is important for us that enterprises can focus on developing their products, while the city team takes on administrative and information issues,” emphasized Olga Starikova, General Director of ANO Mosprom.

    The state actively helps Moscow exporters. National project “International cooperation and export”— is a set of measures of information, financial, insurance and logistics support. Within its framework, the digital platform “My Export” operates. There you can get free expert advice, analytics, help in promoting goods on international marketplaces, as well as take online training and much more.

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

    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: Capital products strengthen their position in the global market of healthy food products

    Translation. Region: Russian Federal

    Source: Moscow Government – Government of Moscow –

    An important disclaimer is at the bottom of this article.

    Moscow entrepreneurs are strengthening their positions in the global market of healthy food products. With the support of the Moscow Export Center (MEC), protein and fruit bars, muesli, cereals, breads and other capital products are supplied to more than 20 countries, including China, the UAE, India, Brazil and the CIS countries.

    In 2024 and the first half of 2025, the volume of healthy food exports from Moscow supported by the MEC exceeded 1.3 billion rubles.

    “There is a growing demand among consumers for healthy food products. In a highly competitive market, not only the natural composition is important, but also the overall compliance of the product with the expectations of the target audience. The wide geography of Moscow healthy food products exports speaks of the trust of foreign consumers in goods produced in Moscow,” she noted.

    Kristina Kostroma, Head of the Department of Entrepreneurship and Innovative Development of Moscow.

    As part of the implementation of export support programs, the Moscow company Snaksi received the opportunity to enter the international online trading platform 1688.com. As a result of the placement, a contract was concluded for the supply of protein bars and healthy chocolate to China.

    The Melas company took advantage of the support service of a representative of the Moscow Export Center in China, ultimately concluding a contract for the supply of Dr. Körner crispbreads, already well known to Russian consumers, to China.

    SVD-Group successfully presented its products at the Gulfood 2024 international exhibition. The result was a contract for the supply of muesli, crispbread, bran and freeze-dried berries to the UAE.

    As part of the promotion of products of capital exporters with the support of the MEC, Moscow producers of healthy food take part in international festivals and fairs “Made in Russia” in friendly countries. These events are held jointly with the Russian Export Center. Products of Moscow companies were presented at four major fairs in China and the UAE, which were held from November 2024 to May 2025.

    The Moscow Export Center was established by the Moscow Government in 2017 to provide financial and non-financial support measures to Moscow entrepreneurs in order to promote Moscow goods and services on foreign markets. The Moscow Export Center is a subordinate organization Department of Entrepreneurship and Innovative DevelopmentOne of its key tasks is to increase the number of Moscow exporters and grow their export revenue.

    Today, the MEC provides the capital’s business with comprehensive support at all stages of the export route – from preparation and training in foreign economic activity (FEA) to promotion abroad, assistance in increasing sales of financial incentives for FEA after concluding export contracts. Currently, the MEC’s toolkit includes more than 30 support measures.

    Sergei Sobyanin told how Moscow helps the capital’s business develop

    Get the latest news quickly official telegram channel the city of Moscow.

    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.

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    MIL OSI Russia News –

  • MIL-OSI Europe: ESAs publish guide on DORA Oversight activities

    Source: European Banking Authority

    The European Supervisory Authorities (EBA, EIOPA, ESMA – the ESAs) today published a guide on oversight activities under the Digital Operational Resilience Act (DORA). The aim of this guide is to provide an overview of the processes used by the ESAs through the Joint Examination Teams (JET) to oversee critical Information and communication technology (ICT) third party service providers (CTPPs).

    This guide provides high-level explanations to external stakeholders regarding the CTPP Oversight framework. Furthermore, it provides an overview of the governance structure, the oversight processes, the founding principles and the tools available to the overseers.

    However, the guide is not a legally binding document and does not replace the legal requirements laid down in the relevant applicable EU law.

    The ESAs invite the public, financial entities and, crucially, third-party providers to use this document to prepare for the oversight implementation.

    Additional information on the oversight implementation

    For more information on the implementation of the DORA Oversight framework, please refer to this presentation.

    MIL OSI Europe News –

  • MIL-OSI Russia: Moscow to Present Art Platform Award for Contribution to Theatre Arts

    Translation. Region: Russian Federal

    Source: Moscow Government – Government of Moscow –

    An important disclaimer is at the bottom of this article.

    The application process for the second Moscow Art Platform Performing Arts Award has begun. It is organized by the Agency for Creative Industries (AKI) of the capital Department of CultureArtistic director – Dmitry Bikbaev.

    “The Art Platform Award is designed to support private theatre companies that make a significant contribution to the city’s culture: they create performances, jobs, and attract audiences. The competition is aimed at identifying and supporting strong theatre projects,” said the Minister of the Moscow Government, Head of the Moscow Department of Culture

    Alexey Fursin.

    In total, 13 main and two special nominations are planned for this year, including:

    — “Private Theatre Project” — awards private theatres in Moscow;

    — “Event” — celebrates festivals and other major events of the year that took place in the capital;

    — “Collaboration” — awarded for a joint creative project of private theaters, cultural figures and/or organizations;

    — “Startup” — awards private theaters or projects that opened this year;

    — “Promotion” — recognizes the most spectacular and effective marketing strategies in the performing arts;

    — “Backstage” — awards to teams of theatre projects;

    — “Multimedia” — awarded for outstanding shows using multimedia technologies;

    — “Producer” — rewards the best producers in the world of art;

    — “Ensemble” — is what the capital’s acting ensembles celebrate.

    In addition, four new nominations have been established:

    — “Workshops” — awards private companies that produce stage design, props, stage props, and also develop innovative solutions;

    — “Soldout” — awarded to ticket services for effective solutions in ticket sales;

    — “Kulturtreger” — awarded to cultural figures for educational initiatives;

    — “Region” — marks cultural phenomena or projects created and implemented outside of Moscow.

    A special nomination is provided by the Agency for Creative Industries. Another award will be presented to private projects in the field of performing arts by the award partners.

    The winners will be awarded at the open theatre space “Art Platform” in the New Manezh in October of this year. Individuals and legal entities working in the field of performing arts in Moscow, as well as independent theatre companies from other cities of Russia (in the nomination “Region”) can apply for the award.

    In 2024, the shortlist for the award included more than 30 nominees in 12 nominations. Among the winners are the Moscow Musical Theatre under the direction of Mikhail Shvydkoy, the musical “Don’t be afraid of anything, I’m with you”, the show “Antigravity”, Konstantin Bogomolov’s private educational project “Voices of the Country” and the company Yellow, Black and White. In total, more than 200 applications were submitted in 2024.

    With the help of the Agency for Creative Industries, favorable conditions are created in the capital for the development of representatives of various fields, including cinema, fashion, design, contemporary art, video games, music and publishing. In addition, the ACI promotes products on international markets and forms a positive image of the capital as an international center of creative industries.

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

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

    .

    MIL OSI Russia News –

  • MIL-OSI United Nations: 15 July 2025 Departmental update New digital tool to support self-monitoring of blood pressure in pregnancy

    Source: World Health Organisation

    A new digital adaptation kit for self-monitoring blood pressure during pregnancy was released today by WHO and the United Nations’ Special Programme in Human Reproduction (HRP) to enable countries to better help pregnant women manage hypertensive disorders. These disorders, if not properly treated, can lead to serious health consequences for women and their babies. The release of the kit has been timed to coincide with Self-Care Month, which runs from 24 June to 24 July.

    Hypertensive disorders during pregnancy such as pre-eclampsia account for an estimated 16% of all maternal deaths worldwide. Potential complications include eclampsia, stroke, kidney failure, and placental abruption, as well as preterm birth and even stillbirth. Prevention, early detection and timely treatment of hypertensive disorders are key to improving the immediate and long-term health of mothers and their babies.

    Self-monitoring blood pressure is an important self-care option to help those affected reduce risks. It can be done at home – either to complement the antenatal care being received via a health facility or in instances where travel is not feasible, alongside community-based care.

    How the Digital adaptation kit works

    Written WHO guidance on self-monitoring of blood pressure during pregnancy already exists in the WHO Guideline for self-care interventions for health and well-being, and the Digital adaptation kit translates that guidance into a digital format that can then be used within the health sector. The kit is the first for self-care during pregnancy.

    I am delighted to announce the release of this digital adaptation kit, the first in a person-centred self-care series.

    Pascale Allotey / Director of HRP and SRHR at WHO

    The kit provides a common language and understanding of the health information content and standards required to enable self-monitoring of blood pressure, alongside the necessary digital information to develop personal health tracking systems that enable any needed follow-up care.

    “I am delighted to announce the release of this digital adaptation kit, the first in a person-centred self-care series,” said Pascale Allotey, Director of HRP and the Department of Sexual and Reproductive Health and Research (SRHR) at WHO.

    “The kit will help Ministries of Health adopt the WHO recommendation on self-monitoring of blood pressure during pregnancy, and in turn help more women stay healthy through the antenatal period and beyond, while promoting the quality assurance of emerging digital tools”.

    The kit sits alongside the health and care worker-facing Digital adaptation kit for antenatal care.

    Self-care and digital transformation of health systems

    WHO defines self-care as the ability of individuals, families, and communities to promote health, prevent disease, maintain health and to cope with illness with or without the support of a health or care worker. WHO recommends evidence-based self-care interventions for all to advance autonomy, health and well-being. Digital health platforms and tools can facilitate access to self-care interventions and support informed decision-making by individuals and health systems.

    This digital adaptation kit is the first in a series that aims at giving people wider access to self-care interventions through digital systems, in line with WHO SMART (Standards-based, Machine-readable, Adaptive, Requirements-based, and Testable) Guidelines. Digital adaptation kits translate WHO guidance into an accessible digital format to assist countries integrate evidence-based clinical recommendations into health systems helping them, and in turn, individuals, benefit from evidence-based clinical and data practices.

    Funding for the kit was received from the Children’s Investment Fund Foundation, The Gates Foundation and HRP.

    MIL OSI United Nations News –

  • MIL-Evening Report: President Xi Jinping tells Albanese China ready to ‘push the bilateral relationship further’

    Source: The Conversation (Au and NZ) – By Michelle Grattan, Professorial Fellow, University of Canberra

    Chinese President Xi Jinping has told Anthony Albanese China stands ready to work with Australia “to push the bilateral relationship further”, in their meeting in Beijing on Tuesday.

    During the meeting, Albanese raised Australia’s concern about China’s lack of proper notice about its warships’ live fire exercise early this year.

    The prime minister later told journalists Xi had responded that “China engaged in exercises, just as Australia engages in exercises”.

    The government’s proposed sale of the lease of the Port of Darwin, now in the hands of a Chinese company, was not raised in the discussion.

    On Taiwan, Albanese said he had “reaffirmed […] the position of Australia in support for the status quo”.

    This was the fourth meeting between Xi and Albanese. The prime minister is on a six-day trip to China, accompanied by a business delegation. He is emphasising expanding trade opportunities with our biggest trading partner and attracting more Chinese tourists, whose numbers are not back to pre-pandemic levels.

    Albanese has come under some domestic criticism because this trip comes before he has been able to secure a meeting with United States President Donald Trump.

    In his opening remarks, while the media were present, Xi said the China-Australia relationship had risen “from the setback and turned around, bringing tangible benefits to the Chinese and Australian peoples”.

    “The most important thing we can learn from this is that a commitment to equal treatment, to seeking common ground while sharing differences, pursuing mutually beneficial cooperation, serves the fundamental interests of our two countries and two peoples.

    “No matter how the international landscape may evolve, we should uphold this overall direction unswervingly,” he said.

    “The Chinese side is ready to work with the Australian side to push the bilateral relationship further and make greater progress so as to bring better benefits to our two peoples.”

    Responding, Albanese noted Xi’s comments “about seeking common ground while sharing differences. That approach has indeed produced very positive benefits for both Australia and for China.

    “The Australian government welcomes progress on cooperation under the China-Australia Free Trade Agreement, which has its 10th anniversary year. As a direct result, trade is now flowing freely to the benefit of both countries and to people and businesses on both sides, and Australia will remain a strong supporter of free and fair trade.”

    Albanese told the media after the meeting his government’s approach to the relationship was “patient, calibrated and deliberate”.

    “Given that one out of four Australian jobs depends on trade and given that China is overwhelmingly by far the largest trading partner that Australia has, it is very much in the interest of Australian jobs, and the Australian economy, to have a positive and constructive relationship with China.

    “Dialogue is how we advance our interests, how we manage our differences, and we guard against misunderstanding.

    “President Xi Jinping and I agreed dialogue must be at the centre of our relationship. We also discussed our economic relationship, which is critical to Australia. We spoke about the potential for new engagement in areas such as decarbonisation”.

    Xi did not bring up China’s complaints about Australia’s foreign investment regime.

    Albanese said he raised the issue of Australian writer Yang Jun, who is incarcerated on allegations of espionage, which are denied.

    Premier Li Qiang was hosting a banquet for Albanese on Tuesday night.

    An editorial in the state-owned China Daily praised the Albanese visit, saying it showed “the Australian side has a clearer judgement and understanding of China than it had under previous Scott Morrison government”.

    “The current momentum in the development of bilateral relations between China and Australia shows that if differences are well managed, the steady development of ties can be guaranteed , even at a time when the political landscape of the world is becoming increasingly uncertain and volatile,” the editorial said.

    Australian journalists had a brush with Chinese security, when they were taking shots of local sights in Beijing. Security guards surrounded them and told them to hand over their footage. The incident was resolved by Australian officials.

    Michelle Grattan 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. President Xi Jinping tells Albanese China ready to ‘push the bilateral relationship further’ – https://theconversation.com/president-xi-jinping-tells-albanese-china-ready-to-push-the-bilateral-relationship-further-261094

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI: Bitcoin Solaris Presale Surges as Investors Eye 300% Returns Ahead of 2025 Crypto Bull Run

    Source: GlobeNewswire (MIL-OSI)

    TALLINN, Estonia, July 15, 2025 (GLOBE NEWSWIRE) — As the crypto market builds momentum ahead of the next bull run, Bitcoin Solaris (BTC-S) has emerged as a standout opportunity for early participants. With its presale now in Phase 12 and over $6.6 million raised, Bitcoin Solaris is offering what could be one of the last entry points before mainstream exchange listings, with up to 300% projected returns by launch.

    Bitcoin Solaris is a next-generation blockchain project engineered for speed, scalability, sustainability, and accessibility. Unlike traditional models, BTC-S integrates innovative technology and thoughtful tokenomics to address long-standing challenges in decentralized networks.

    Why Bitcoin Solaris Is Turning Heads Now

    Bitcoin Solaris isn’t just offering a faster, greener Bitcoin alternative; it’s positioning itself as a next-generation blockchain designed for scalability, energy efficiency, and fair distribution.

    • Dual-consensus architecture: PoW + DPoS combined for robust security and validator rotation every 24 hours.
    • Lightning speed performance: Processes up to 10,000 transactions per second.
    • Smart contracts built for DeFi, enterprise, and scalability without congestion.
    • Mobile-first mining: Through the upcoming Solaris Nova app, users will mine from phones with energy efficiency up to 99.95% less than Bitcoin.

    These aren’t theoretical promises. They are audited and tested features that point to BTC-S being more than just hype.

    Why Analysts Are Paying Close Attention to BTC-S Right Now

    Token Empire notes BTC-S as a breakout for its mix of tech and economics. Crypto League highlighted its explosive presale growth. Crypto Vlog praised the hybrid consensus. Even mainstream reports acknowledge that Bitcoin Solaris blends Bitcoin’s scarcity model with real-world usability.

    This attention is backed by security. Both Cyberscope and Freshcoins audits have cleared Bitcoin Solaris.

    Presale Momentum Builds Fast for Bitcoin Solaris

    Phase 12 is already underway, and Bitcoin Solaris is proving it is far more than hype:

    • Current Price: $12
    • Next Phase: $13
    • Launch Price: $20
    • Projected Return: 150% pre-launch alone.

    This is one of the shortest and most explosive presales in crypto right now. With over $6.6M already raised and more than 14,150 unique users onboard, momentum is building fast as the July 31, 2025, deadline approaches.

    To receive your tokens after launch, wallets like Trust Wallet and Metamask are recommended for seamless delivery.

    The Blockchain Built to Break Limits: Say Hello to BTC-S

    The Tokenomics Driving Real Long-Term Value

    Bitcoin Solaris isn’t just fast; it’s designed to stay sustainable. Its tokenomics reflect scarcity with purpose:

    • 66.66% allocated for mining over 90 years, ensuring long-term distribution and network health.
    • 20% reserved for presale, giving early adopters a clear advantage.
    • 5% for liquidity pools to stabilize DEX/CEX participation.
    • 2% for ecosystem development to fuel innovation.
    • 2% for community rewards.
    • 2% for staking returns.
    • 2% for marketing outreach.
    • 0.33% for the team and advisors.

    This careful balance locks up supply where it matters while preserving availability for user rewards and long-term health. More details on tokenomics here.

    Staking: Passive Rewards Without Lockups

    BTC-S isn’t leaving yield behind. Its liquid staking model converts BTC-S to sBTC-S (1:1), letting users earn while still keeping assets usable. Rewards flow without lockups, all integrated within the upcoming Solaris Nova app. Benefits include:

    • Rewards with liquidity intact.
    • DeFi-ready with lending, liquidity pools, and governance options.
    • Strengthened decentralization through validator rotation.
    • User-friendly, future-proofed staking via automation.

    More on staking innovations here.

    Looking Ahead: Built for the Next Wave

    With scalable infrastructure, audited technology, and real-world usability, Bitcoin Solaris is positioned as a promising blockchain ecosystem for the next phase of digital asset growth. The project offers investors and users a second chance to participate in early-stage crypto innovation with real utility and upside potential.

    For more information and presale access:

    Website: https://www.bitcoinsolaris.com
     Telegram: https://t.me/BitcoinsolarisX
     X (Twitter): https://x.com/BitcoinSolaris

    Media Contact:
    Xander Levine
    press@bitcoinsolaris.com
    Press Kit: Available upon request

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

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

    Photo accompanying this announcement are available at:

    https://www.globenewswire.com/NewsRoom/AttachmentNg/56dbb088-4bd8-468c-9345-c4439abcbf2f

    https://www.globenewswire.com/NewsRoom/AttachmentNg/137ff9d8-8150-4355-9d31-9b1f5dda9ce5

    https://www.globenewswire.com/NewsRoom/AttachmentNg/9b506815-95d5-41fa-bb7c-8ac6f8e366ba

    https://www.globenewswire.com/NewsRoom/AttachmentNg/aed9b05f-2058-44c4-a26e-d2c29c568d0c

    The MIL Network –

  • MIL-OSI: The Glimpse Group Provides Preliminary Unaudited Q4 Fiscal Year ’25 Results: 100% Organic Revenue Growth ($3.5MM) And Positive EBITDA

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, July 15, 2025 (GLOBE NEWSWIRE) — The Glimpse Group, Inc. (“Glimpse”) (NASDAQ: VRAR; FSE: 9DR), a diversified Immersive Technology platform company providing enterprise-focused Virtual Reality (“VR”), Augmented Reality (“AR”) and Spatial Computing software and services, provided preliminary and unaudited financial results for its fourth quarter fiscal year 2025, ended June 30, 2025 (“Q4 FY ’25”).

    Preliminary Q4 FY’25 Financial Results

    The Company expects total revenues for Q4 FY’25 to be approximately $3.50 million, representing: a) an increase of approximately 100% compared to revenues of $1.73 million in Q4 FY’24, and b) an increase of approximately 150% compared to revenues of $1.42 million in Q3 FY’25.

    Adjusted EBITDA for Q4 FY’25 was positive compared to an Adjusted EBITDA loss of approximately -$1.1 million in Q4 FY’24.

    The Company’s cash and equivalent position as of June 30, 2025 was approximately $6.85 million. We continue to maintain a clean capital structure with no debt, no convertible debt and no preferred equity.

    Final recognized revenue and any other financials are subject to review, may change and will be released with the Company’s audited financial statements and related annual report towards the end of September 2025.

    Lyron Bentovim, President & CEO of Glimpse, commented: “Q4 FY’25 revenue was our highest in over two years, entirely organic and primarily driven by Spatial Core’s Department of Defense (DoD) software and services contracts. In parallel, we maintained profitable operations—a continuation of our recent quarters.”

    Note about Non-GAAP Financial Measures

    A non-GAAP financial measure is a numerical measure of a company’s performance, financial position, or cash flows that either excludes or includes amounts that are not normally excluded or included in the most directly comparable measure calculated and presented in accordance with accounting principles generally accepted in the United States of America, or GAAP. Non-GAAP measures are not in accordance with, nor are they a substitute for, GAAP measures. Other companies may use different non-GAAP measures and presentation of results.

    In addition to financial results presented in accordance with GAAP, this press release presents adjusted EBITDA, which is a non-GAAP measure. Adjusted EBITDA is determined by taking net loss and adding interest, taxes, depreciation, amortization and stock-based compensation expenses. The company believes that this non-GAAP measure, viewed in addition to and not in lieu of net loss, provides useful information to investors by providing a more focused measure of operating results. This metric is an integral part of the Company’s internal reporting to evaluate its operations and the performance of senior management. A reconciliation of adjusted EBITDA to net loss, the most comparable GAAP measure, is available in the accompanying financial tables below. The non-GAAP measure presented herein may not be comparable to similarly titled measures presented by other companies.

    About The Glimpse Group, Inc.

    The Glimpse Group (NASDAQ: VRAR) is a diversified Immersive technology platform company, providing enterprise-focused Virtual Reality, Augmented Reality and Spatial Computing software & services. Glimpse’s unique business model builds scale and a robust ecosystem, while simultaneously providing investors an opportunity to invest directly into this emerging industry via a diversified platform. For more information on The Glimpse Group, please visit www.theglimpsegroup.com

    Safe Harbor Statement

    This press release does not constitute an offer to sell or a solicitation of offers to buy any securities of any entity. This press release may contain certain forward-looking statements based on our current expectations, forecasts and assumptions that involve risks and uncertainties. Forward-looking statements, if provided, are based on information available to the Company as of the date hereof. Our actual results may differ materially from those stated or implied in such forward-looking statements, due to risks and uncertainties associated with our business. Forward-looking statements, if provided, include statements regarding our expectations, beliefs, intentions, or strategies regarding the future and can be identified by forward-looking words such as “anticipate,” “believe,” “view,” “could,” “estimate,” “expect,” “intend,” “may,” “should,” and “would” or similar words. All forecasts, if provided, are based on information available at this time and management expects that internal projections and expectations may change over time. In addition, any forecasts, if provided, are entirely on management’s best estimate of our future financial performance given our current contracts, current backlog of opportunities and conversations with new and existing customers about our products and services. We assume no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.

    Company Contact:
    Maydan Rothblum
    CFO & COO
    The Glimpse Group, Inc.
    (917) 292-2685
    maydan@theglimpsegroup.com

    The MIL Network –

  • MIL-OSI Banking: BOBC Auction Results – 15 July 2025

    Source: Bank of Botswana

    The Monetary Policy Rate (MoPR) was unchanged at 1.9 percent of the previous week, for a paper maturing on 23 July 2025. The summarised results of the auction held on 15 July 2025, are attached below:

    BOBC Auction Results – 15 July 2025.pdf

    MIL OSI Global Banks –

  • MIL-OSI Russia: China’s Shandong Province Ready to Deepen Cooperation with Central Asia in Industrial and Supply Chains

    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 15 (Xinhua) — A special session on Central Asia was held on Monday at the Conference on International Cooperation in Industrial and Supply Chains of East China’s Shandong Province in Jinan, the provincial capital, local daily Dazhong Ribao reported.

    The event was organized by the Shandong Provincial Bureau of Commerce with the support of the Shandong Alliance for Overseas Investment and Cooperation. More than 160 people from 16 cities in the province attended.

    The special session aims to create a platform for exchanges and interactions between enterprises, and thereby further deepen cooperation between Shandong Province and Central Asia in industrial and supply chains through formats such as policy clarification, experience sharing, project presentation and B2B sessions.

    As an economically developed province in China, Shandong has a complete production base and a developed supply chain system. It demonstrates high complementarity and significant potential for cooperation with Central Asian countries in energy, agriculture, manufacturing, etc.

    According to statistics, in the first half of 2025, Shandong Province’s actual investment in the five Central Asian countries reached 19.91 million US dollars, an increase of 62.1 percent year on year. This figure for the whole of 2024 was 20.836 million US dollars, an increase of 62.7 percent.

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

    .

    MIL OSI Russia News –

  • MIL-OSI China: Nvidia CEO lauds China’s AI development

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

    Jensen Huang, CEO of U.S. tech giant Nvidia, on Tuesday praised China’s rapid advancements in artificial intelligence (AI) during his visit to Beijing, describing the Chinese market as both “large” and “dynamic.”

    “AI is moving very fast in China,” Huang said in an interview here, highlighting the thriving AI ecosystem in China and pointing to the abundance of startups and major cloud service providers.

    Huang emphasized China’s strong talent pool, noting that China is home to 50 percent of the world’s AI researchers.

    “AI is being applied to everything from consumer applications, internet shopping, grocery delivery to self-driving cars and all these incredible applications” in China, Huang said.

    He said he is “very happy” to see the development of AI in the country, attributing it to the country’s robust education in science and mathematics.

    Nvidia’s H20 chips will soon be available in the Chinese market again as the U.S. government has approved for the company filing licenses to start shipping H20s to China, Huang said.

    “I’m looking forward to shipping H20s very soon. So I’m very happy with that very, very good news,” he said.

    This is Huang’s third visit to China since the start of 2025. Huang will attend the opening ceremony of the third China International Supply Chain Expo on Wednesday and participate in related activities.

    MIL OSI China News –

  • MIL-OSI China: Upcoming expo in Beijing to foster global supply chain stability, resilience

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

    This photo taken on July 14, 2025 shows the booth of Apple at the digital technology section of the upcoming third China International Supply Chain Expo (CISCE) in Beijing, capital of China. The third China International Supply Chain Expo (CISCE), scheduled on July 16-20 in Beijing, is expected to focus on supply chains of advanced manufacturing, clean energy, smart vehicles, digital technology, healthy life and green agriculture. [Photo/Xinhua]

    China will open the third China International Supply Chain Expo (CISCE) in Beijing on Wednesday, rallying multinational giants including Nvidia, Apple, and Airbus to showcase industrial resilience and cross-border collaboration.

    With 651 enterprises and institutions from 75 countries, regions and international organizations participating –including a notable 15 percent year-on-year increase in U.S. exhibitors — the event signals robust international commitment to stabilizing supply chains.

    Global giants are actively engaging. U.S. tech giant Nvidia is expected to make its debut at the expo, presenting cutting-edge robots featuring Nvidia chips. Airbus will also make its inaugural appearance, bringing its global supply chain collaborators to present the comprehensive ecosystem of the large aircraft industry.

    Nvidia CEO Jensen Huang will attend the opening ceremony of the expo on Wednesday and participate in related activities, according to the China Council for the Promotion of International Trade (CCPIT), the event’s organizer.

    In a meeting on Tuesday with Ren Hongbin, chairman of CCPIT, Huang said that the Chinese market is large and dynamic, and the development of artificial intelligence (AI) in China is advancing rapidly.

    “Multinational companies are realizing that maintaining their position in global supply chains necessitates a strong presence in China,” said Wang Yiwei, director of the Institute of International Affairs at Renmin University of China.

    Unlike traditional trade fairs focusing on goods or services, CISCE pioneers a unique “chain-centric” model that visualizes end-to-end industrial collaboration. In each exhibition hall, upstream, midstream and downstream companies cluster in adjacent booths, visually demonstrating their interdependence and synergy.

    Many companies across the supply chain will set up collaborative displays. For example, Apple is teaming up with Chinese suppliers for the third consecutive year to showcase cutting-edge technologies in smart manufacturing and green production.

    “Multinational corporations serve as anchor companies in global industries, thriving together with upstream and downstream partners worldwide. While advancing their own growth, these corporations strengthen global industrial and supply chain resilience,” Ren said.

    The third CISCE features nearly 100 high-level events, surpassing previous editions in scale and participation, according to Xu Liang, deputy secretary-general of the China Chamber of International Commerce.

    A key innovation for this edition is the “Debut Zone,” dedicated to the global premieres of new products, technologies, and ecosystems, showcasing breakthrough innovations that drive industrial collaboration, Xu noted.

    As the host, China will bring together a diverse group of leading state-owned and private enterprises showcasing the country’s green and digital transition. Among them, Zhejiang-based AI industry chain companies, such as Unitree Robotics, BrainCo, and Hikvision, will participate.

    “Through tangible examples of global supply chains at the expo, China demonstrates its firm resolve to advance globalization towards a more open, inclusive, balanced, and win-win future. It vividly embodies the concept of building a community with a shared future, where nations are interdependent,” Wang said.

    As the world’s first national-level exhibition focusing on supply chains, the expo is an internationally shared public product. First held in 2023, the expo has contributed to building more secure, stable, open and inclusive global industrial and supply chains, according to the CCPIT.

    The previous editions have seen fruitful outcomes, with the 2024 session catalyzing more than 200 cooperation deals worth 152 billion yuan (about 21.26 billion U.S. dollars), a 1.3 percent increase from its inaugural run in 2023.

    The expo will run from Wednesday to Sunday in Beijing, with public days commencing on Saturday.

    MIL OSI China News –

  • China’s economy slows as consumers tighten belts, US tariff risks mount

    Source: Government of India

    Source: Government of India (4)

    China’s economy slowed less than expected in the second quarter in a show of resilience against U.S. tariffs, though analysts warn that weak demand at home and rising global trade risks will ramp up pressure on Beijing to roll out more stimulus.

    The world’s No. 2 economy has so far avoided a sharp slowdown in part due to policy support and as factories took advantage of a U.S.-China trade truce to front-load shipments, but investors are bracing for a weaker second half as exports lose momentum, prices continue to fall, and consumer confidence remains low.

    Policymakers face a daunting task in achieving the annual growth target of around 5% – a goal many analysts view as ambitious given entrenched deflation and weak demand at home.

    Data on Tuesday showed China’s gross domestic product (GDP) grew 5.2% in the April-June quarter from a year earlier, slowing from 5.4% in the first quarter, but just ahead of analysts’ expectations in a Reuters poll for a rise of 5.1%.

    “China achieved growth above the official target of 5% in Q2 partly because of front loading of exports,” said Zhiwei Zhang, chief economist at Pinpoint Asset Management.

    “The above target growth in Q1 and Q2 gives the government room to tolerate some slowdown in the second half of the year.”

    On a quarterly basis, GDP grew 1.1% in April-June, the National Bureau of Statistics data showed, compared with a forecast 0.9% increase and a 1.2% gain in the previous quarter.

    Investors are closely watching for signs of fresh stimulus at the upcoming Politburo meeting due in late July, which is likely to shape economic policy for the remainder of the year.

    Beijing has ramped up infrastructure spending and consumer subsidies, alongside monetary easing. In May, the central bank cut interest rates and injected liquidity as part of broader efforts to cushion the economy from U.S. President Donald Trump’s sweeping tariffs.

    Some analysts believe the government could ramp up deficit spending if growth slows sharply.

    Market reaction to the data was largely muted, with China’s blue-chip CSI300 Index .CSI300 reversing course to trade down 0.1%, while Hong Kong’s benchmark Hang Seng .HSI cut gains to trade up 0.7%.

    HOUSEHOLDS PRESSURED

    Separate June activity data also released on Tuesday underlined the pressure on consumers. While industrial output rose 6.8% year-on-year last month – the fastest pace since March, retail sales growth slowed down to 4.8%, from 6.4% in May and hitting the lowest since January-February.

    Indeed, the headline GDP numbers held little sway for most households including 30-year-old doctor Mallory Jiang, in the southern tech hub Shenzhen, who says she and her husband both had pay cuts this year.

    “Both our incomes as doctors have decreased, and we still don’t dare buy an apartment. We are cutting back on expenses: commuting by public transport, eating at the hospital cafeteria or cooking at home. My life pressure is still actually quite high.”

    China observers and analysts say stimulus alone may not be enough to tackle entrenched deflationary pressures, with producer prices in June falling at their fastest pace in nearly two years.

    Zichun Huang, China economist at Capital Economics, said the GDP data “probably still overstate the strength of growth.”

    “And with exports set to slow and the tailwind from fiscal support on course to fade, growth is likely to slow further during the second half of this year.”

    Data on Monday showed China’s exports regained some momentum in June as factories rushed out shipments to capitalise on the fragile tariff truce between Beijing and Washington ahead of a looming August deadline.

    TARIFF, PROPERTY HEADWINDS

    The latest Reuters poll projected GDP growth to slow to 4.5% in the third quarter and 4.0% in the fourth, underscoring mounting economic headwinds as Trump’s global trade war leaves Beijing with the tough task of getting households to spend more at a time of uncertainty.

    China’s 2025 GDP growth is forecast to cool to 4.6% – falling short of the official goal – from last year’s 5.0% and ease even further to 4.2% in 2026, according to the poll.

    China’s property downturn remained a drag on overall growth despite multiple rounds of support measures, with investment in the sector falling sharply in the first six months, while new home prices in June tumbled at the fastest monthly pace in eight months.

    China’s top leaders pledged to push forward urban village renovation and quicken a new property development model, state media reported Tuesday.

    Fixed-asset investment also grew at a slower-than-expected 2.8% pace in the first six months year-on-year, from 3.7% in January-May.

    The softer investment outturn reflected the broader economic uncertainty, with China’s crude steel output in June falling 9.2% from the year before, as more steelmakers carried out equipment maintenance amid seasonally faltering demand.

    “Q3 growth is at risk without stronger fiscal stimulus,” said Dan Wang, China director at Eurasia Group in Singapore.

    “Both consumers and businesses have turned more cautious, while exporters are increasingly looking overseas for growth.”

    (Reuters)

  • China’s economy slows as consumers tighten belts, US tariff risks mount

    Source: Government of India

    Source: Government of India (4)

    China’s economy slowed less than expected in the second quarter in a show of resilience against U.S. tariffs, though analysts warn that weak demand at home and rising global trade risks will ramp up pressure on Beijing to roll out more stimulus.

    The world’s No. 2 economy has so far avoided a sharp slowdown in part due to policy support and as factories took advantage of a U.S.-China trade truce to front-load shipments, but investors are bracing for a weaker second half as exports lose momentum, prices continue to fall, and consumer confidence remains low.

    Policymakers face a daunting task in achieving the annual growth target of around 5% – a goal many analysts view as ambitious given entrenched deflation and weak demand at home.

    Data on Tuesday showed China’s gross domestic product (GDP) grew 5.2% in the April-June quarter from a year earlier, slowing from 5.4% in the first quarter, but just ahead of analysts’ expectations in a Reuters poll for a rise of 5.1%.

    “China achieved growth above the official target of 5% in Q2 partly because of front loading of exports,” said Zhiwei Zhang, chief economist at Pinpoint Asset Management.

    “The above target growth in Q1 and Q2 gives the government room to tolerate some slowdown in the second half of the year.”

    On a quarterly basis, GDP grew 1.1% in April-June, the National Bureau of Statistics data showed, compared with a forecast 0.9% increase and a 1.2% gain in the previous quarter.

    Investors are closely watching for signs of fresh stimulus at the upcoming Politburo meeting due in late July, which is likely to shape economic policy for the remainder of the year.

    Beijing has ramped up infrastructure spending and consumer subsidies, alongside monetary easing. In May, the central bank cut interest rates and injected liquidity as part of broader efforts to cushion the economy from U.S. President Donald Trump’s sweeping tariffs.

    Some analysts believe the government could ramp up deficit spending if growth slows sharply.

    Market reaction to the data was largely muted, with China’s blue-chip CSI300 Index .CSI300 reversing course to trade down 0.1%, while Hong Kong’s benchmark Hang Seng .HSI cut gains to trade up 0.7%.

    HOUSEHOLDS PRESSURED

    Separate June activity data also released on Tuesday underlined the pressure on consumers. While industrial output rose 6.8% year-on-year last month – the fastest pace since March, retail sales growth slowed down to 4.8%, from 6.4% in May and hitting the lowest since January-February.

    Indeed, the headline GDP numbers held little sway for most households including 30-year-old doctor Mallory Jiang, in the southern tech hub Shenzhen, who says she and her husband both had pay cuts this year.

    “Both our incomes as doctors have decreased, and we still don’t dare buy an apartment. We are cutting back on expenses: commuting by public transport, eating at the hospital cafeteria or cooking at home. My life pressure is still actually quite high.”

    China observers and analysts say stimulus alone may not be enough to tackle entrenched deflationary pressures, with producer prices in June falling at their fastest pace in nearly two years.

    Zichun Huang, China economist at Capital Economics, said the GDP data “probably still overstate the strength of growth.”

    “And with exports set to slow and the tailwind from fiscal support on course to fade, growth is likely to slow further during the second half of this year.”

    Data on Monday showed China’s exports regained some momentum in June as factories rushed out shipments to capitalise on the fragile tariff truce between Beijing and Washington ahead of a looming August deadline.

    TARIFF, PROPERTY HEADWINDS

    The latest Reuters poll projected GDP growth to slow to 4.5% in the third quarter and 4.0% in the fourth, underscoring mounting economic headwinds as Trump’s global trade war leaves Beijing with the tough task of getting households to spend more at a time of uncertainty.

    China’s 2025 GDP growth is forecast to cool to 4.6% – falling short of the official goal – from last year’s 5.0% and ease even further to 4.2% in 2026, according to the poll.

    China’s property downturn remained a drag on overall growth despite multiple rounds of support measures, with investment in the sector falling sharply in the first six months, while new home prices in June tumbled at the fastest monthly pace in eight months.

    China’s top leaders pledged to push forward urban village renovation and quicken a new property development model, state media reported Tuesday.

    Fixed-asset investment also grew at a slower-than-expected 2.8% pace in the first six months year-on-year, from 3.7% in January-May.

    The softer investment outturn reflected the broader economic uncertainty, with China’s crude steel output in June falling 9.2% from the year before, as more steelmakers carried out equipment maintenance amid seasonally faltering demand.

    “Q3 growth is at risk without stronger fiscal stimulus,” said Dan Wang, China director at Eurasia Group in Singapore.

    “Both consumers and businesses have turned more cautious, while exporters are increasingly looking overseas for growth.”

    (Reuters)

  • MIL-OSI: Bitget Launchpool to List Pump.fun (PUMP) with over 123M in Token Rewards

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, July 15, 2025 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange, and Web3 company has announced the addition of pump.fun (PUMP) to Bitget Launchpool. The exclusive Launchpool campaign will see up to 123,594,000 PUMP up for grabs. Pump.fun is a platform designed to allow for the quick creation and trading of memecoins on the Solana blockchain.

    Bitget will launch a Launchpool campaign offering 123,594,000 PUMP in total rewards. Eligible users can participate by locking either BGB during the event, which runs from 15 July 2025, 08:00 to 18 July 2025, 08:00 (UTC). Users can lock between 5 and 50,000 BGB, with maximum limits determined by their VIP tier, for a chance to earn a share of 123,594,000 PUMP.

    Pump.Fun is a Solana-based platform that makes creating and trading meme coins fast, simple, and accessible to everyone. With no coding required and zero upfront cost, users can launch tokens in under a minute. Designed for ease of use, Pump.Fun opens the door for anyone curious about crypto to dive in, regardless of technical background or budget.

    More than just a token launcher, Pump.Fun taps into the viral nature of meme coins by fostering a playful, community-first ecosystem. The platform doubles as a trading hub where users can discover and exchange tokens created by others, fueling a dynamic and ever-evolving marketplace. By lowering barriers and amplifying creativity, Pump.Fun is helping redefine how everyday users engage with Web3.

    Bitget continues to solidify its role as a top-tier cryptocurrency exchange, offering over 800 listed tokens across spot and derivatives markets. The addition of PUMP to Launchpool aligns with its mission to support emerging Web3 trends and empower community-driven innovation through accessible, high-engagement token projects.

    Find more details on the Pump.fun Launchpool, visit here.

    About Bitget

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

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

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

    For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet
    For media inquiries, please contact: media@bitget.com

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

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/eddf43b6-1c89-4f84-a2e8-cb5617c66f3b

    The MIL Network –

  • MIL-OSI Africa: From London to Lagos: Why retailers everywhere must prepare for the next wave of cyberattacks

    Source: APO – Report:

    In April, two of Britain’s biggest retailers got hit by a massive cyberattack by the notorious Scattered Spider group, leading to substantial financial losses, operational disruptions and compromised customer data (http://apo-opa.co/40O1faD). M&S suffered losses of £300 million (http://apo-opa.co/40O1gLJ) (roughly R7.3 billion) due to the attack, with supply chains affected for weeks. On top of the direct losses, over £1 billion was stripped from the organisation’s market value (http://apo-opa.co/4lPmMb3). Similarly, the Co-op experienced data breaches (http://apo-opa.co/4524lud) affecting customers’ personal information, while Harrods reported attempted cyberattacks (http://apo-opa.co/3GIeSl3), but managed to maintain online operations.

    “These attacks aren’t just about stolen data,” says Anna Collard, SVP of Content Strategy & Evangelist at KnowBe4 Africa. “They took whole systems offline.

    “In retail, downtime is a critical threat – it affects sales, customer trust, and brand loyalty, instantly.”

    A new kind of threat actor

    Unlike traditional ransomware gangs, Scattered Spider is decentralised, native English-speaking, and highly adaptive. “Scattered Spider aren’t mere opportunistic hackers,” explains Collard. “They operate more like well-funded, well-organised crime syndicates.”

    With some members as young as 19, they coordinate their activities on platforms like Discord and Telegram. “They’re agile, patient and disturbingly good at blending in,” she says. Added to this, they have great expertise in human psychology, as showcased during their attacks on Las Vegas casinos in 2023 (http://apo-opa.co/4nPvtnM).

    Their primary weapons, therefore, aren’t just digital – they’re human. “They’ve mastered social engineering,” says Collard. “They specialise in exploiting human trust. From vishing (voice phishing) to impersonating internal staff and triggering what’s referred to as ‘MFA fatigue’; they’re skilled manipulators who understand both systems and people.”

    MFA fatigue is one of the growing tactics they’re known for which involves triggering repeated multi-factor authentication (MFA) prompts, hoping the bombarded employees eventually click “approve” just to make the interruptions stop.

    “Legacy systems, shadow IT, and poorly enforced policies create entry points. Attackers don’t need to break in if they can just log in.”

    Another alleged tactic Scattered Spider used in its latest attacks involved calling IT helpdesks to reset credentials, gaining access to their target’s infrastructure and subsequently deploying a ransomware-as-a-service tool. The outcome? Encrypted systems, stalled operations, and a long road to recovery.

    Why Africa should be paying close attention

    Retailers across Africa – particularly in South Africa, Nigeria, and Kenya – are digitally transforming at a rapid pace. Cloud-based POS systems, centralised inventory platforms, and data-driven loyalty programmes are now standard. But these digital advancements also expand attack surfaces.

    High employee turnover, remote workforces, and under-resourced helpdesks can compound exposure. And while business English is common in South Africa, this linguistic advantage also makes local teams more susceptible to social engineering by fluent English-speaking attackers.

    “Our local executives aren’t naïve,” Collard notes. “Many are acutely aware of the risks. What’s needed now is clarity on what really matters – and cutting through the noise.”

    Pepkor IT’s CISO, Duncan Rae, delivered an insightful talk at the ITWeb Security Summit in May where he warned that cybersecurity teams are often overwhelmed – not just by threats, but by too many competing priorities. Teams are bombarded with shiny, new tools and threat reports spreading fear, uncertainty, and doubt (FUD) which sometimes makes organisations lose sight of the basics, he warned.

    “These basics include managing human risk, addressing third-party exposure, and hardening vulnerabilities,” according to Rae.

    What needs to change?

    Collard points to gaps in access controls, third-party risk management, and cloud security as common weaknesses – not just in the UK, but globally. “Legacy systems, shadow IT, and poorly enforced policies create entry points,” she warns. “Attackers don’t need to break in if they can just log in.”

    For African retail leaders, this is a call to fortify the human layer.

    “Train your frontline teams, especially in helpdesk and customer support. Teach them to detect manipulation. Make secure behaviour the norm – not the exception.”

    Equally important, she says, is embedding cybersecurity into leadership conversations. “Cybersecurity is not just an IT function. It’s a board-level business risk.

    “Executives must ask tough questions about readiness, incident response, and accountability.”

    From awareness to action

    Too often, security training is treated as a box-ticking exercise. Collard urges a more thoughtful approach: “Training must resonate. It should be contextual, culturally relevant, and delivered in local languages where appropriate.”

    She challenges business leaders with the following:

    • Could an attacker trick your helpdesk into a password reset?
    • Would your staff recognise a social engineering attempt?
    • Do you test these scenarios regularly?

    “If the answer is ‘no’ to any of these, your organisation is vulnerable,” Collard says. “But the good news is that change is possible – and fast – when you start investing in the human element.”

    “Cyber resilience is a collective responsibility,” she concludes. “And in an interconnected world, learning from each other’s crises is one of the smartest defences we have.”

    – on behalf of KnowBe4.

    Contact details:
    KnowBe4:
    Anne Dolinschek 
    anned@knowbe4.com

    Red Ribbon:
    TJ Coenraad 
    tayla@redribboncommunications.co.za

    Media files

    .

    MIL OSI Africa –

  • India’s average inflation falls 3% in 11 years of Modi government

    Source: Government of India

    Source: Government of India (4)

    India’s retail inflation has averaged around 5% over the last 11 years, showing a steady decline in recent months and reaching a more than six-year low of 2.1% in June 2025.

    According to data from the Finance Ministry, the average inflation during Prime Minister Narendra Modi’s tenure stands at 5.1%, a significant drop compared to the 8.1% in the UPA regime.

    Between January 2012 and April 2014, during the UPA era, retail inflation remained above 9% for 22 out of 28 months. During its final three years (2011–2014), India experienced an average retail inflation of 9.8%, despite relatively stable global inflation of around 4-5%, a senior official noted.

    In contrast, under the Modi government, retail inflation has largely remained below 5%, never breaching the 8% mark. This decline in inflation has eased the cost of living, leaving people with more disposable income. Higher purchasing power drives demand for industrial goods, boosting economic growth and job creation.

    Persistent high inflation disproportionately affects low-income groups by making essential goods unaffordable. Therefore, keeping inflation in check is critical for inclusive development.

    The latest data for June 2025 shows a notable decline in food prices, with the annual food inflation rate turning negative at -1.06%. Compared to May 2025, food inflation in June dropped by 205 basis points, marking the lowest rate since January 2019. This decline is largely attributed to falling prices of vegetables, pulses, meat, and spices.

    Meanwhile, the Reserve Bank of India has revised its inflation outlook for 2025–26 downward -from its earlier forecast of 4% to 3.7%, according to RBI Governor Sanjay Malhotra.

    CPI inflation for FY 2025–26 is now projected at 3.7%, with quarterly projections at 2.9% for Q1, 3.4% for Q2, 3.9% for Q3, and 4.4% for Q4. The RBI noted that the near – and medium-term inflation outlook suggests a durable alignment with the 4% target and possibly even a marginal undershooting during the year.

    (IANS)

  • India’s average inflation falls 3% in 11 years of Modi government

    Source: Government of India

    Source: Government of India (4)

    India’s retail inflation has averaged around 5% over the last 11 years, showing a steady decline in recent months and reaching a more than six-year low of 2.1% in June 2025.

    According to data from the Finance Ministry, the average inflation during Prime Minister Narendra Modi’s tenure stands at 5.1%, a significant drop compared to the 8.1% in the UPA regime.

    Between January 2012 and April 2014, during the UPA era, retail inflation remained above 9% for 22 out of 28 months. During its final three years (2011–2014), India experienced an average retail inflation of 9.8%, despite relatively stable global inflation of around 4-5%, a senior official noted.

    In contrast, under the Modi government, retail inflation has largely remained below 5%, never breaching the 8% mark. This decline in inflation has eased the cost of living, leaving people with more disposable income. Higher purchasing power drives demand for industrial goods, boosting economic growth and job creation.

    Persistent high inflation disproportionately affects low-income groups by making essential goods unaffordable. Therefore, keeping inflation in check is critical for inclusive development.

    The latest data for June 2025 shows a notable decline in food prices, with the annual food inflation rate turning negative at -1.06%. Compared to May 2025, food inflation in June dropped by 205 basis points, marking the lowest rate since January 2019. This decline is largely attributed to falling prices of vegetables, pulses, meat, and spices.

    Meanwhile, the Reserve Bank of India has revised its inflation outlook for 2025–26 downward -from its earlier forecast of 4% to 3.7%, according to RBI Governor Sanjay Malhotra.

    CPI inflation for FY 2025–26 is now projected at 3.7%, with quarterly projections at 2.9% for Q1, 3.4% for Q2, 3.9% for Q3, and 4.4% for Q4. The RBI noted that the near – and medium-term inflation outlook suggests a durable alignment with the 4% target and possibly even a marginal undershooting during the year.

    (IANS)

  • MIL-OSI: Form 8.3 – [MARLOWE PLC – 14 07 2025] – (CGWL)

    Source: GlobeNewswire (MIL-OSI)

    FORM 8.3

    PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY
    A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE
    Rule 8.3 of the Takeover Code (the “Code”)

    1.        KEY INFORMATION

    (a)   Full name of discloser: CANACCORD GENUITY WEALTH LIMITED (for Discretionary clients)
    (b)   Owner or controller of interests and short positions disclosed, if different from 1(a):
            The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.    		 N/A
    (c)   Name of offeror/offeree in relation to whose relevant securities this form relates:
            Use a separate form for each offeror/offeree    		 MARLOWE PLC
    (d)   If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree: N/A
    (e)   Date position held/dealing undertaken:
            For an opening position disclosure, state the latest practicable date prior to the disclosure    		 14 JULY 2025
    (f)   In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?
            If it is a cash offer or possible cash offer, state “N/A”    		 NO

    2.        POSITIONS OF THE PERSON MAKING THE DISCLOSURE

    If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

    (a)      Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

    Class of relevant security: 50p ORDINARY
      Interests Short positions
    Number % Number %
    (1)   Relevant securities owned and/or controlled: 3,014,468 3.8390    
    (2)   Cash-settled derivatives:        
    (3)   Stock-settled derivatives (including options) and agreements to purchase/sell:        
    TOTAL: 3,014,468 3.8390    

    All interests and all short positions should be disclosed.

    Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

    (b)      Rights to subscribe for new securities (including directors’ and other employee options)

    Class of relevant security in relation to which subscription right exists:  
    Details, including nature of the rights concerned and relevant percentages:  

    3.        DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

    Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

    The currency of all prices and other monetary amounts should be stated.

    (a)        Purchases and sales

    Class of relevant security Purchase/sale Number of securities Price per unit
    50p ORDINARY SALE 3,065 438.923p

    (b)        Cash-settled derivative transactions

    Class of relevant security Product description
    e.g. CFD    		 Nature of dealing
    e.g. opening/closing a long/short position, increasing/reducing a long/short position    		 Number of reference securities Price per unit
    NONE        

    (c)        Stock-settled derivative transactions (including options)

    (i)        Writing, selling, purchasing or varying

    Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Type
    e.g. American, European etc.    		 Expiry date Option money paid/ received per unit
    NONE              

    (ii)        Exercise

    Class of relevant security Product description
    e.g. call option    		 Exercising/ exercised against Number of securities Exercise price per unit

    (d)        Other dealings (including subscribing for new securities)

    Class of relevant security Nature of dealing
    e.g. subscription, conversion    		 Details Price per unit (if applicable)
    NONE      

    4.        OTHER INFORMATION

    (a)        Indemnity and other dealing arrangements

    Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:
    Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state “none”

    NONE

    (b)        Agreements, arrangements or understandings relating to options or derivatives

    Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to:
    (i)   the voting rights of any relevant securities under any option; or
    (ii)   the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:
    If there are no such agreements, arrangements or understandings, state “none”

    NONE

    (c)        Attachments

    Is a Supplemental Form 8 (Open Positions) attached? NO
    Date of disclosure: 15 JULY 2025
    Contact name: PHIL HULME
    Telephone number: 01253 376551

    Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

    The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.

    The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

    The MIL Network –

  • MIL-OSI: Form 8.3 – [MARLOWE PLC – 14 07 2025] – (CGWL)

    Source: GlobeNewswire (MIL-OSI)

    FORM 8.3

    PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY
    A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE
    Rule 8.3 of the Takeover Code (the “Code”)

    1.        KEY INFORMATION

    (a)   Full name of discloser: CANACCORD GENUITY WEALTH LIMITED (for Discretionary clients)
    (b)   Owner or controller of interests and short positions disclosed, if different from 1(a):
            The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.    		 N/A
    (c)   Name of offeror/offeree in relation to whose relevant securities this form relates:
            Use a separate form for each offeror/offeree    		 MARLOWE PLC
    (d)   If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree: N/A
    (e)   Date position held/dealing undertaken:
            For an opening position disclosure, state the latest practicable date prior to the disclosure    		 14 JULY 2025
    (f)   In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?
            If it is a cash offer or possible cash offer, state “N/A”    		 NO

    2.        POSITIONS OF THE PERSON MAKING THE DISCLOSURE

    If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

    (a)      Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

    Class of relevant security: 50p ORDINARY
      Interests Short positions
    Number % Number %
    (1)   Relevant securities owned and/or controlled: 3,014,468 3.8390    
    (2)   Cash-settled derivatives:        
    (3)   Stock-settled derivatives (including options) and agreements to purchase/sell:        
    TOTAL: 3,014,468 3.8390    

    All interests and all short positions should be disclosed.

    Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

    (b)      Rights to subscribe for new securities (including directors’ and other employee options)

    Class of relevant security in relation to which subscription right exists:  
    Details, including nature of the rights concerned and relevant percentages:  

    3.        DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

    Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

    The currency of all prices and other monetary amounts should be stated.

    (a)        Purchases and sales

    Class of relevant security Purchase/sale Number of securities Price per unit
    50p ORDINARY SALE 3,065 438.923p

    (b)        Cash-settled derivative transactions

    Class of relevant security Product description
    e.g. CFD    		 Nature of dealing
    e.g. opening/closing a long/short position, increasing/reducing a long/short position    		 Number of reference securities Price per unit
    NONE        

    (c)        Stock-settled derivative transactions (including options)

    (i)        Writing, selling, purchasing or varying

    Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Type
    e.g. American, European etc.    		 Expiry date Option money paid/ received per unit
    NONE              

    (ii)        Exercise

    Class of relevant security Product description
    e.g. call option    		 Exercising/ exercised against Number of securities Exercise price per unit

    (d)        Other dealings (including subscribing for new securities)

    Class of relevant security Nature of dealing
    e.g. subscription, conversion    		 Details Price per unit (if applicable)
    NONE      

    4.        OTHER INFORMATION

    (a)        Indemnity and other dealing arrangements

    Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:
    Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state “none”

    NONE

    (b)        Agreements, arrangements or understandings relating to options or derivatives

    Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to:
    (i)   the voting rights of any relevant securities under any option; or
    (ii)   the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:
    If there are no such agreements, arrangements or understandings, state “none”

    NONE

    (c)        Attachments

    Is a Supplemental Form 8 (Open Positions) attached? NO
    Date of disclosure: 15 JULY 2025
    Contact name: PHIL HULME
    Telephone number: 01253 376551

    Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

    The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.

    The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

    The MIL Network –

  • MIL-OSI Russia: Shandong Province Delegation Holds Series of Economic Events in Russia

    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 15 (Xinhua) — A delegation from east China’s Shandong Province led by Vice Governor Song Junji visited Russia, organizing a series of trade and economic events to advance cooperation between the two sides to a qualitatively new level.

    According to the information on the website of the Shandong Provincial Government, during the visit to Moscow, the China/Shandong/ – Russia/Moscow/ Trade and Economic Cooperation Forum was held. During the presentation, Song Junji spoke about the drivers of economic development in Shandong Province, the favorable investment climate and promising investment opportunities. Enterprises from the two countries held talks on cooperation in the fields of economics, technology, logistics and energy, reaching a number of agreements on intentions for cooperation.

    At the same time, a thematic exhibition of Shandong Province was organized, where 46 enterprises demonstrated over 100 types of products. The exhibition covered high-tech equipment, consumer goods, products of old brands and objects of intangible cultural heritage, comprehensively reflecting the latest achievements of the province in the development of productive forces of new quality. The Shandong delegation also took part in B2B meetings with Russian companies, reaching agreements on intentions for cooperation in the trade and economic sphere, agriculture and forestry, energy and transport logistics.

    Chairman of the Russian-Asian Union of Industrialists and Entrepreneurs (RASPP) Vitaly Mankevich emphasized that the visit will give a powerful impetus to the development of trade and economic ties between Shandong and Russia, investment and industrial cooperation, as well as scientific and educational exchanges. According to his forecast, trade between Russian regions and Shandong will become a new driver of growth in trade turnover between the two countries. -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: Breaking Presale News: Meme Coin Little Pepe Raises $6,575,000, Stage 5 Sold Out

    Source: GlobeNewswire (MIL-OSI)

    DUBAI, United Arab Emirates, July 15, 2025 (GLOBE NEWSWIRE) — Little Pepe ($LILPEPE) has officially sold out Stage 5 of its presale in record time, surpassing $6.575 million in total funds raised and solidifying its position as one of the fastest-growing meme coin projects on the market.

    Powered by an EVM-compatible Layer 2 blockchain, Little Pepe continues to attract investors with its blend of meme-driven community appeal and real technological infrastructure. With Stage 6 now live and tokens priced at $0.0015, momentum around the project shows no signs of slowing as crypto enthusiasts race to get in before the next price increase.

    Rapid Presale Growth and Stage 6 Launch

    Little Pepe’s presale has been nothing short of explosive. With each stage selling out faster than the last, the demand for $LILPEPE tokens has intensified as more users recognize the project’s long-term potential. Stage 5, priced at $0.0014, drew thousands of new investors eager to get in before the next price hike. That momentum has now carried into Stage 6, where tokens are available at $0.0015—a 7% increase from the previous stage.

    The consistent growth of the presale shows that this is more than just another short-lived meme coin. It’s a project that blends Ethereum compatibility, Layer 2 scalability, and a strong community narrative, making it one of the most promising entrants in the 2025 meme coin cycle.

    Backed by Real Blockchain Infrastructure

    While most meme coins rely purely on social buzz and viral campaigns, Little Pepe brings potential innovation to the desk. It is built on a custom EVM-well matched Layer 2 blockchain, designed for high-speed, low-fee transactions. This gives it a major advantage over traditional ERC-20 meme tokens that still depend upon Ethereum’s congested mainnet.

    By the usage of Layer 2 technology, Little Pepe is capable of offering faster, inexpensive interactions while still benefiting from the security of Ethereum. This positions it as a future-ready platform, capable of supporting decentralized applications (dApps), NFT market, staking, and more.

    Community-Driven Project & Final Presale Stages Approaching

    At its heart, Little Pepe is a community-powered ecosystem, driven by its holders and fans across social media. From Telegram groups to X (formerly Twitter), the project’s vibrant following has helped fuel the rapid presale growth. This isn’t just hype—it’s a well-organized effort to support a meme coin that offers both humor and utility.

    As Little Pepe moves through the remaining stages of its presale, excitement continues to build. Investors now entering at Stage 6 are hoping to ride the wave ahead of potential exchange listings and ecosystem rollouts. With over $6.575M already raised and the price per token increasing stage by stage, $LILPEPE is quickly shaping up to be one of the breakout meme coins of the year. To participate in the presale before the next price jump, visit the official website: littlepepe.com.

    About Little Pepe

    Little Pepe is a next-gen Layer 2 blockchain designed to merge meme culture with high-speed, low-cost decentralized infrastructure. Built for scalability, security, and accessibility, Little Pepe supports EVM-compatible applications and is powered by means of the $LILPEPE token. The project’s mission is to create a meme coin environment wherein utility meets virality, empowering users through cutting-edge technology and lightning-fast transactions.

    For more information:
    Website: https://littlepepe.com/
    Telegram: https://t.me/littlepepetoken
    Twitter: https://x.com/littlepepetoken

    Contact Details: COO- James Stephen Email: media@littlepepe.com

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

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

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/bd910a2e-44b6-413b-a5f8-c79d3e9cf766

    The MIL Network –

  • MIL-OSI: Breaking Presale News: Meme Coin Little Pepe Raises $6,575,000, Stage 5 Sold Out

    Source: GlobeNewswire (MIL-OSI)

    DUBAI, United Arab Emirates, July 15, 2025 (GLOBE NEWSWIRE) — Little Pepe ($LILPEPE) has officially sold out Stage 5 of its presale in record time, surpassing $6.575 million in total funds raised and solidifying its position as one of the fastest-growing meme coin projects on the market.

    Powered by an EVM-compatible Layer 2 blockchain, Little Pepe continues to attract investors with its blend of meme-driven community appeal and real technological infrastructure. With Stage 6 now live and tokens priced at $0.0015, momentum around the project shows no signs of slowing as crypto enthusiasts race to get in before the next price increase.

    Rapid Presale Growth and Stage 6 Launch

    Little Pepe’s presale has been nothing short of explosive. With each stage selling out faster than the last, the demand for $LILPEPE tokens has intensified as more users recognize the project’s long-term potential. Stage 5, priced at $0.0014, drew thousands of new investors eager to get in before the next price hike. That momentum has now carried into Stage 6, where tokens are available at $0.0015—a 7% increase from the previous stage.

    The consistent growth of the presale shows that this is more than just another short-lived meme coin. It’s a project that blends Ethereum compatibility, Layer 2 scalability, and a strong community narrative, making it one of the most promising entrants in the 2025 meme coin cycle.

    Backed by Real Blockchain Infrastructure

    While most meme coins rely purely on social buzz and viral campaigns, Little Pepe brings potential innovation to the desk. It is built on a custom EVM-well matched Layer 2 blockchain, designed for high-speed, low-fee transactions. This gives it a major advantage over traditional ERC-20 meme tokens that still depend upon Ethereum’s congested mainnet.

    By the usage of Layer 2 technology, Little Pepe is capable of offering faster, inexpensive interactions while still benefiting from the security of Ethereum. This positions it as a future-ready platform, capable of supporting decentralized applications (dApps), NFT market, staking, and more.

    Community-Driven Project & Final Presale Stages Approaching

    At its heart, Little Pepe is a community-powered ecosystem, driven by its holders and fans across social media. From Telegram groups to X (formerly Twitter), the project’s vibrant following has helped fuel the rapid presale growth. This isn’t just hype—it’s a well-organized effort to support a meme coin that offers both humor and utility.

    As Little Pepe moves through the remaining stages of its presale, excitement continues to build. Investors now entering at Stage 6 are hoping to ride the wave ahead of potential exchange listings and ecosystem rollouts. With over $6.575M already raised and the price per token increasing stage by stage, $LILPEPE is quickly shaping up to be one of the breakout meme coins of the year. To participate in the presale before the next price jump, visit the official website: littlepepe.com.

    About Little Pepe

    Little Pepe is a next-gen Layer 2 blockchain designed to merge meme culture with high-speed, low-cost decentralized infrastructure. Built for scalability, security, and accessibility, Little Pepe supports EVM-compatible applications and is powered by means of the $LILPEPE token. The project’s mission is to create a meme coin environment wherein utility meets virality, empowering users through cutting-edge technology and lightning-fast transactions.

    For more information:
    Website: https://littlepepe.com/
    Telegram: https://t.me/littlepepetoken
    Twitter: https://x.com/littlepepetoken

    Contact Details: COO- James Stephen Email: media@littlepepe.com

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

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

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/bd910a2e-44b6-413b-a5f8-c79d3e9cf766

    The MIL Network –

  • MIL-OSI Economics: Q&A: ADB’s Commitment to Clean Energy and Green Growth

    Source: Asia Development Bank

    Priyantha Wijayatunga, ADB’s Senior Director of the Energy Sector Office, explains the key principles of ADB’s energy agenda, the role and future of its Energy Policy, and provides examples from the field showing real-world progress toward net-zero.

    MIL OSI Economics –

  • MIL-OSI Economics: Q&A: ADB’s Commitment to Clean Energy and Green Growth

    Source: Asia Development Bank

    Priyantha Wijayatunga, ADB’s Senior Director of the Energy Sector Office, explains the key principles of ADB’s energy agenda, the role and future of its Energy Policy, and provides examples from the field showing real-world progress toward net-zero.

    MIL OSI Economics –

  • MIL-OSI Asia-Pac: July 2025 issue of “Hong Kong Monthly Digest of Statistics” now available

    Source: Hong Kong Government special administrative region

    July 2025 issue of “Hong Kong Monthly Digest of Statistics” now available 
         Apart from providing up-to-date statistics, this issue also contains two feature articles entitled “Foreign Affiliates Statistics of Hong Kong” and “The Asset Management Industry in Hong Kong”.
     
    “Foreign Affiliates Statistics of Hong Kong”
     
         With globalisation of the world economy, it is popular for multinational enterprises to provide services to customers in another economy through setting up affiliated companies abroad.
     
         In view of the importance of services supplied via this mode, the C&SD has developed a statistical framework for compiling relevant statistics, known as “foreign affiliates statistics (FATS)”. This feature article briefly describes the statistical system for compiling inward FATS, and presents principal inward FATS of Hong Kong for 2023. It is an update of similar articles on the same subject published in preceding years.
     
         For enquiries about this feature article, please contact the Trade in Services Statistics Section of the C&SD (Tel: 3903 7410; email: tis@censtatd.gov.hk 
    “The Asset Management Industry in Hong Kong”
     
         Hong Kong is one of the most vibrant international financial centres in the world and has strength in managing investments in the Asia Pacific region. The asset management industry has a stable development in Hong Kong in recent years. This feature article presents the operating characteristics and economic contribution of this industry between 2019 and 2023. It also briefly highlights the recent quarterly business performance of this industry.
     
         For enquiries about this feature article, please contact the Business Services Statistics Section of the C&SD (Tel: 3903 7266; email:     business-services@censtatd.gov.hk 
         Published in bilingual form, the HKMDS is a compact volume of official statistics containing about 130 tables. It collects up-to-date statistical series on various aspects of the social and economic situation of Hong Kong. Topics include population; labour; external trade; National Income and Balance of Payments; prices; business performance; energy; housing and property; government accounts, finance and insurance; and transport, communications and tourism. For selected key statistical items, over 20 charts depicting the annual trend in the past decade and quarterly or monthly trend in the recent two years are also available. Users can download the Digest at the website of the C&SD (    www.censtatd.gov.hk/en/EIndexbySubject.html?pcode=B1010002&scode=460 
         Enquiries about the contents of the Digest can be directed to the Statistical Information Dissemination Section (1) of the C&SD (Tel: 2582 4738; email:     gen-enquiry@censtatd.gov.hkIssued at HKT 16:30

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    MIL OSI Asia Pacific News –