Sydbank A/S CVR No DK 12626509, Aabenraa sydbank.dk
7 July 2025
Dear Sirs
Sydbank A/S share buyback programme: transactions in week 27 On 26 February 2025 Sydbank A/S announced a share buyback programme of DKK 1,350m. The share buyback programme commenced on 3 March 2025 and will be completed by 31 January 2026.
The purpose of the share buyback programme is to reduce the share capital of Sydbank A/S and the programme is executed in compliance with the provisions of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 and Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016, collectively referred to as the Safe Harbour rules.
The following transactions have been made under the share buyback programme:
Number of shares
VWAP
Gross value (DKK)
Accumulated, most recent Announcement
1,149,000
487,371,500.00
30 June 2025 01 July 2025 02 July 2025 03 July 2025 04 July 2025
Total accumulated during the share buyback programme
1,188,000
505,716,560.00
All transactions were made under ISIN DK 0010311471 and effected by Danske Bank A/S on behalf of Sydbank A/S.
Further information about the transactions, cf Article 5 of Regulation (EU) No 596/2014 of the European Parliament and of the Council on market abuse and Commission delegated regulation, is available in the attachment.
Following the above transactions, Sydbank A/S holds a total of 1,188,432 own shares, equal to 2.32% of the Bank’s share capital.
Yours sincerely
Mark Luscombe Jørn Adam Møller CEO Deputy Group Chief Executive
Sydbank A/S CVR No DK 12626509, Aabenraa sydbank.dk
7 July 2025
Dear Sirs
Sydbank A/S share buyback programme: transactions in week 27 On 26 February 2025 Sydbank A/S announced a share buyback programme of DKK 1,350m. The share buyback programme commenced on 3 March 2025 and will be completed by 31 January 2026.
The purpose of the share buyback programme is to reduce the share capital of Sydbank A/S and the programme is executed in compliance with the provisions of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 and Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016, collectively referred to as the Safe Harbour rules.
The following transactions have been made under the share buyback programme:
Number of shares
VWAP
Gross value (DKK)
Accumulated, most recent Announcement
1,149,000
487,371,500.00
30 June 2025 01 July 2025 02 July 2025 03 July 2025 04 July 2025
Total accumulated during the share buyback programme
1,188,000
505,716,560.00
All transactions were made under ISIN DK 0010311471 and effected by Danske Bank A/S on behalf of Sydbank A/S.
Further information about the transactions, cf Article 5 of Regulation (EU) No 596/2014 of the European Parliament and of the Council on market abuse and Commission delegated regulation, is available in the attachment.
Following the above transactions, Sydbank A/S holds a total of 1,188,432 own shares, equal to 2.32% of the Bank’s share capital.
Yours sincerely
Mark Luscombe Jørn Adam Møller CEO Deputy Group Chief Executive
Supporting fleet renewal and tourism sector growth in Greece
The Black Sea Trade and Development Bank (BSTDB) subscribed EUR 15 million in the second bond issued by Aegean Airlines S.A. (AEGEAN), Greece’s national flag carrier. The EUR 250 million bond issue is earmarked towards the financing of the airlines’ fleet renewal program, including the acquisition of new, energy-efficient aircraft equipped with extended range capabilities and high-comfort configurationsand also working capital requirements.
The BSTDB funding aims to strengthen AEGEAN’s competitive position in the region, enhance Greece’s connectivity, and generate broad economic benefits across the tourism and infrastructure sectors—two of the most dynamic pillars of the Greek economy.
This marks BSTDB’s second investment in AEGEAN, following its participation in the company’s debut bond issue in 2019. The continued partnership underscores BSTDB’s commitment to supporting Greece’s strategic enterprises and sustainable development objectives.
“Our investment in AEGEAN reflects our confidence in the company’s vision and the vital role it plays in strengthening regional connectivity and economic resilience,” said Dr. Serhat Köksal, President of BSTDB. “By supporting fleet modernisation and energy efficiency, we are contributing to both climate goals and long-term growth in a sector central to Greece’s economy.”
“We are grateful to BSTDB support and participation in our recent bond issuance, and we remain committed to honoring that trust as we continue to execute our strategy,” said Mr. Dimitris Gerogiannis, CEO of AEGEAN. “Our second bond issuance marks an important milestone for AEGEAN, not only purely on the grounds of the financial success of the transaction but primarily because it comes at a time when our Company is much stronger than our debut issue in 2019 in all aspects of network coverage, financial performance and overall contribution to the Greek economy, after being able to navigate one of the most severe crisis in our industry. We welcome BSTDB participation to this important milestone and we look forward to further strengthening our relationship”.
AEGEANoperates a fleet of 85 aircraft and provides scheduled, chartered, and cargo services across 158 short and medium haul destinations. Listed on the Athens Stock Exchange since 2007 with a market capitalisation of EUR 1.18 billion, AEGEAN is considered one of Greece’s blue chip corporates. It has been a member of Star Alliance since 2010 and has been consistently recognised as Europe’s Best Regional Airline by Skytrax, receiving the distinction 14 years in a row. For more details: www.aegeanair.com
The Black Sea Trade and Development Bank (BSTDB) is an international financial institution established by Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Moldova, Romania, Russia, Türkiye, and Ukraine. The BSTDB headquarters are in Thessaloniki, Greece. BSTDB supports economic development and regional cooperation by providing loans, credit lines, equity and guarantees for projects and trade financing in the public and private sectors in its member countries. The authorized capital of the Bank is EUR 3.45 billion. For information on BSTDB, visit www.bstdb.org.
Supporting fleet renewal and tourism sector growth in Greece
The Black Sea Trade and Development Bank (BSTDB) subscribed EUR 15 million in the second bond issued by Aegean Airlines S.A. (AEGEAN), Greece’s national flag carrier. The EUR 250 million bond issue is earmarked towards the financing of the airlines’ fleet renewal program, including the acquisition of new, energy-efficient aircraft equipped with extended range capabilities and high-comfort configurationsand also working capital requirements.
The BSTDB funding aims to strengthen AEGEAN’s competitive position in the region, enhance Greece’s connectivity, and generate broad economic benefits across the tourism and infrastructure sectors—two of the most dynamic pillars of the Greek economy.
This marks BSTDB’s second investment in AEGEAN, following its participation in the company’s debut bond issue in 2019. The continued partnership underscores BSTDB’s commitment to supporting Greece’s strategic enterprises and sustainable development objectives.
“Our investment in AEGEAN reflects our confidence in the company’s vision and the vital role it plays in strengthening regional connectivity and economic resilience,” said Dr. Serhat Köksal, President of BSTDB. “By supporting fleet modernisation and energy efficiency, we are contributing to both climate goals and long-term growth in a sector central to Greece’s economy.”
“We are grateful to BSTDB support and participation in our recent bond issuance, and we remain committed to honoring that trust as we continue to execute our strategy,” said Mr. Dimitris Gerogiannis, CEO of AEGEAN. “Our second bond issuance marks an important milestone for AEGEAN, not only purely on the grounds of the financial success of the transaction but primarily because it comes at a time when our Company is much stronger than our debut issue in 2019 in all aspects of network coverage, financial performance and overall contribution to the Greek economy, after being able to navigate one of the most severe crisis in our industry. We welcome BSTDB participation to this important milestone and we look forward to further strengthening our relationship”.
AEGEANoperates a fleet of 85 aircraft and provides scheduled, chartered, and cargo services across 158 short and medium haul destinations. Listed on the Athens Stock Exchange since 2007 with a market capitalisation of EUR 1.18 billion, AEGEAN is considered one of Greece’s blue chip corporates. It has been a member of Star Alliance since 2010 and has been consistently recognised as Europe’s Best Regional Airline by Skytrax, receiving the distinction 14 years in a row. For more details: www.aegeanair.com
The Black Sea Trade and Development Bank (BSTDB) is an international financial institution established by Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Moldova, Romania, Russia, Türkiye, and Ukraine. The BSTDB headquarters are in Thessaloniki, Greece. BSTDB supports economic development and regional cooperation by providing loans, credit lines, equity and guarantees for projects and trade financing in the public and private sectors in its member countries. The authorized capital of the Bank is EUR 3.45 billion. For information on BSTDB, visit www.bstdb.org.
The “mushroom murder trial”, as it has popularly become known, has gripped Australia over the past 11 weeks. More than that, it’s prompted worldwide headlines, multiple daily podcasts, and even YouTube videos of self-proclaimed “body language experts” assessing defendant Erin Patterson’s every move.
There’s an ABC drama series in the works. Acclaimed Australian author Helen Garner has been in the courtroom.
But why did this tragedy, in which three people died and a fourth was lucky to survive, grip the public consciousness in way no other contemporary Australian case has?
On July 29 2023, in a sleepy town called Leongatha in the foothills of the Strzelecki Ranges in Victoria, a very normal woman called Erin Patterson made an ostensibly very normal lunch of beef wellington.
She was cooking for her in-laws, Gail and Don Patterson, Gail’s sister Heather Wilkinson, and Heather’s husband Ian. Erin’s estranged husband, Simon Patterson, was also invited, but chose not to attend.
Simon and Erin had two children, a boy and a girl, who did not attend the lunch either.
Shortly after the lunch, all four guests were admitted to hospital with suspected gastroenteritis. Erin Patterson also presented to hospital, but refused to be admitted.
Within a few days, Gail, Don, and Heather all died as a result of what was later confirmed as poisoning with Amanita phalloides, better known as death cap mushrooms.
Ian survived, but he was lucky. He spent seven weeks in hospital and needed a liver transplant.
The questions became, how did the mushrooms get into the beef wellington? Was this an awful accident or something more sinister?
Public obsession
These questions became the focus of very significant public and media attention.
Erin Patterson spoke to the media in the days after the incident. She presented as your typical, average woman of 50.
That is, in my opinion, where the obsession with this case began.
This case had the feel of a Shakespearean drama: multiple deaths within one family, death by poison, and a female protagonist.
The juxtaposition between the normality of a family lunch (and the sheer vanilla-ness of the accused) and the seriousness of the situation sent the media into overdrive.
Then there were the lies. Patterson lied about foraging for mushrooms, and about having cancer to encourage the guests to attend.
The location also played a huge part. Leongatha is known for its staggering natural beauty and thriving food and wine scene. It’s hardly a place where the world expected a mass murderer to live.
However, the perception that rural areas are utopias of safety and social cohesion, and cities are dark and dangerous places, is a myth.
One study by the Australian Institute of Health and Welfare paints a different picture.
For serious assault cases that resulted in hospitalisation, for major cities the rates were 65 per 100,000 people. In rural areas, this rose to 1,244 people per 100,000. And for murder, in very remote areas the rate was five per 100,000 population, but fewer than one per 100,000 in urban areas.
Then there was Erin Patterson’s unusual behaviour. She disposed of the desiccator in which the mushrooms she had foraged were dehydrated. She used multiple phones, one of which underwent multiple factory resets on in the days following the lunch. One of these resets was done remotely after police seized her phone.
There are also the much-discussed plates. The court heard she prepared her meal on a different-coloured plate to those of her other guests so they were easily identifiable.
The public latched onto these details, each providing a new talking point around water coolers or spurring new Reddit threads dedicated to unpacking their significance.
The courtroom as a stage
Ultimately, after three months, Erin Patterson was charged with three counts of murder and one count of attempted murder. She pleaded not guilty.
The trial lasted 40 days. The prosecution alleged Patterson intentionally poisoned her guests, whereas the defence suggested it was all an awful, tragic accident.
The jury took six and a half days to deliberate. During that time, various media outlets did everything they could to keep the story on the front page.
Bizarre pieces began appearing online from credible sources such as the ABC, profiling people who had attended court. They included stories of people turning down work to attend the court daily, cases of friendships blossoming during the trial between regular attendees, and the outfit choices of locals turning up every day to watch the drama unfold.
There were also articles profiling local cafe owners and how they felt about being at the centre of the legal theatrics. The daily podcasts continued even when news from the courtroom didn’t.
The vibe felt more appropriate for a royal visit than a triple murder trial.
It seemed everyone in Australia was gripped by one event, united in a way few other things could manage. We all waited with bated breath to see what the 12 men and women of the jury would decide.
The end to this strange and unique criminal case came on Monday July 7.
The result? Guilty on all four counts. Erin Patterson is formally a mass murderer, though many in the court of public opinion had reached the same conviction months earlier.
Leongatha will always be known for being the setting of (arguably) the most infamous multiple murder case in Australian history. It will join Snowtown in South Australia (home of the “bodies in the barrell” murder case), Kendall in New South Wales (where William Tyrrell disappeared), and Claremont in Western Australia (the murder or disappearance of three women) as places forever linked to tragic crimes.
While the trial is over, there’s much more content still to come, the public’s appetite yet to be satiated.
But the final word should be saved for the Patterson and Wilkinson families. This is an awful tragedy, and there are no winners. Ian and Simon have lost loved ones. The Patterson children have lost grandparents and now have to come to terms with the fact their mother caused those deaths intentionally.
Amid the spectacle, it’s easy to lose sight of the humanity at the centre. As the media spotlight dims, may the families get the privacy and respect they deserve.
Xanthe Mallett 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.
The “mushroom murder trial”, as it has popularly become known, has gripped Australia over the past 11 weeks. More than that, it’s prompted worldwide headlines, multiple daily podcasts, and even YouTube videos of self-proclaimed “body language experts” assessing defendant Erin Patterson’s every move.
There’s an ABC drama series in the works. Acclaimed Australian author Helen Garner has been in the courtroom.
But why did this tragedy, in which three people died and a fourth was lucky to survive, grip the public consciousness in way no other contemporary Australian case has?
On July 29 2023, in a sleepy town called Leongatha in the foothills of the Strzelecki Ranges in Victoria, a very normal woman called Erin Patterson made an ostensibly very normal lunch of beef wellington.
She was cooking for her in-laws, Gail and Don Patterson, Gail’s sister Heather Wilkinson, and Heather’s husband Ian. Erin’s estranged husband, Simon Patterson, was also invited, but chose not to attend.
Simon and Erin had two children, a boy and a girl, who did not attend the lunch either.
Shortly after the lunch, all four guests were admitted to hospital with suspected gastroenteritis. Erin Patterson also presented to hospital, but refused to be admitted.
Within a few days, Gail, Don, and Heather all died as a result of what was later confirmed as poisoning with Amanita phalloides, better known as death cap mushrooms.
Ian survived, but he was lucky. He spent seven weeks in hospital and needed a liver transplant.
The questions became, how did the mushrooms get into the beef wellington? Was this an awful accident or something more sinister?
Public obsession
These questions became the focus of very significant public and media attention.
Erin Patterson spoke to the media in the days after the incident. She presented as your typical, average woman of 50.
That is, in my opinion, where the obsession with this case began.
This case had the feel of a Shakespearean drama: multiple deaths within one family, death by poison, and a female protagonist.
The juxtaposition between the normality of a family lunch (and the sheer vanilla-ness of the accused) and the seriousness of the situation sent the media into overdrive.
Then there were the lies. Patterson lied about foraging for mushrooms, and about having cancer to encourage the guests to attend.
The location also played a huge part. Leongatha is known for its staggering natural beauty and thriving food and wine scene. It’s hardly a place where the world expected a mass murderer to live.
However, the perception that rural areas are utopias of safety and social cohesion, and cities are dark and dangerous places, is a myth.
One study by the Australian Institute of Health and Welfare paints a different picture.
For serious assault cases that resulted in hospitalisation, for major cities the rates were 65 per 100,000 people. In rural areas, this rose to 1,244 people per 100,000. And for murder, in very remote areas the rate was five per 100,000 population, but fewer than one per 100,000 in urban areas.
Then there was Erin Patterson’s unusual behaviour. She disposed of the desiccator in which the mushrooms she had foraged were dehydrated. She used multiple phones, one of which underwent multiple factory resets on in the days following the lunch. One of these resets was done remotely after police seized her phone.
There are also the much-discussed plates. The court heard she prepared her meal on a different-coloured plate to those of her other guests so they were easily identifiable.
The public latched onto these details, each providing a new talking point around water coolers or spurring new Reddit threads dedicated to unpacking their significance.
The courtroom as a stage
Ultimately, after three months, Erin Patterson was charged with three counts of murder and one count of attempted murder. She pleaded not guilty.
The trial lasted 40 days. The prosecution alleged Patterson intentionally poisoned her guests, whereas the defence suggested it was all an awful, tragic accident.
The jury took six and a half days to deliberate. During that time, various media outlets did everything they could to keep the story on the front page.
Bizarre pieces began appearing online from credible sources such as the ABC, profiling people who had attended court. They included stories of people turning down work to attend the court daily, cases of friendships blossoming during the trial between regular attendees, and the outfit choices of locals turning up every day to watch the drama unfold.
There were also articles profiling local cafe owners and how they felt about being at the centre of the legal theatrics. The daily podcasts continued even when news from the courtroom didn’t.
The vibe felt more appropriate for a royal visit than a triple murder trial.
It seemed everyone in Australia was gripped by one event, united in a way few other things could manage. We all waited with bated breath to see what the 12 men and women of the jury would decide.
The end to this strange and unique criminal case came on Monday July 7.
The result? Guilty on all four counts. Erin Patterson is formally a mass murderer, though many in the court of public opinion had reached the same conviction months earlier.
Leongatha will always be known for being the setting of (arguably) the most infamous multiple murder case in Australian history. It will join Snowtown in South Australia (home of the “bodies in the barrell” murder case), Kendall in New South Wales (where William Tyrrell disappeared), and Claremont in Western Australia (the murder or disappearance of three women) as places forever linked to tragic crimes.
While the trial is over, there’s much more content still to come, the public’s appetite yet to be satiated.
But the final word should be saved for the Patterson and Wilkinson families. This is an awful tragedy, and there are no winners. Ian and Simon have lost loved ones. The Patterson children have lost grandparents and now have to come to terms with the fact their mother caused those deaths intentionally.
Amid the spectacle, it’s easy to lose sight of the humanity at the centre. As the media spotlight dims, may the families get the privacy and respect they deserve.
Xanthe Mallett 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.
Anthony Albanese seems to find himself on eggshells whenever the Australian-American relationship comes up.
After the G7 debacle, he’s persistently pursued – to his obvious irritation – by journalists asking when he’ll have his first face-to-face meeting with Donald Trump. It’s a question he has so far been unable to answer, as he prepares for his fourth meeting with Chinese leader Xi Jinping.
There is no Washington meeting lined up, so Albanese just talks about the various occasions when their paths are due to cross. The next time is the Quad in India later this year (there is no fixed date).
Trump’s deadline for deals on his tariffs has now been moved from this week to August 1. Despite the months of negotiation, the government (as of now) is not expecting to receive a concession on the hefty 50% steel and aluminium tariffs, nor on the general 10% tariff. That will invite a fresh round of criticism that the government has not been able to leverage Australia’s advantages on critical minerals with the Trump administration.
And now the PM has stirred controversy with his John Curtin Oration, delivered on Saturday night.
Curtin is at the top of Labor’s pantheon of heroes, and generally regarded as one of Australia’s greatest prime ministers, by many as the greatest. Labor PMs regularly pay homage. (Bob Hawke and Paul Keating once had a spectacular falling out after Hawke considered Keating had slighted Curtin’s memory.)
In the second world war Curtin famously stood up to United Kingdom Prime Minister Winston Churchill to insist Australian troops be returned home, rather than diverted to Burma as Churchill wanted. And in those dark wartime days, Curtin dramatically “looked to America” for Australia’s security.
In delivering Saturday’s oration, Albanese painted the Curtin course as an example of Labor forging an independent foreign policy, and identified with it.
He said Curtin was the “founder” of the Australia-US alliance (contested by those who date the alliance from the Menzies years, when ANZUS was signed).
Albanese said “Curtin’s famous statement that Australia ‘looked to America’ was much more than the idea of trading one strategic guarantor for another”.
“It was a recognition that Australia’s fate would be decided in our region.
“It followed the decision Curtin had made in 1941 that Australia would issue its own declaration of war with Japan.
“Speaking for ourselves, as a sovereign nation.”
“We needed an Australian foreign policy anchored in strategic reality, not bound by tradition.”
“So we remember Curtin not just because he looked to America. We honour him because he spoke for Australia.
“For Australia and for Labor, that independence has never meant isolationism, Choosing our own way, doesn’t mean going it alone,” Albanese said.
Curtin’s biographer John Edwards, writing in the Lowy Institute’s The Interpreter, says Albanese’s oration “adroitly positions Australia for a testing time on foreign policy.
“Albanese’s speech affirms that in the competition between the United States and China, Australia will act in its own interests.”
Edwards puts the December 1941 appeal to the US against a particular background. The context of the article was a meeting then taking place in Washington between Churchill and US President Roosevelt, he writes.
Churchill was anxious the US not be distracted from the European conflict by the Pacific war. “Curtin’s article was a demand for Australia – not the United Kingdom – to be America’s principal partner in the war against Japan,” Edwards writes.
Others, notably the Australian’s foreign editor Greg Sheridan, have accused Albanese of misrepresenting the history.
But apart from details of the historical argument, the timing, emphasis and context of Albanese’s remarks are what’s relevant.
Sheridan writes, “Who on earth is Albanese messaging in this speech? Because it implies greater Australian strategic distance from the US, it will be welcomed in Beijing.”
Former ambassador to the United States Arthur Sinodinos (a Liberal government appointee but usually objective in his observations) said the speech made clear the bipartisan support for the alliance.
But “given the context of Australia-US relations at present, the speech will need careful explanation to our American friends to avoid a misconception that was hyped that the speech would be a declaration of independence from the US,” Sinodinos said.
An interpretive job that will presumably fall, in part, to ambassador Kevin Rudd.
If the oration will require “careful explanation”, how much more carefully will the prime minister have to be in what he says in China next week and the messages he sends indirectly to Washington?
It all serves to reinforce the importance of Albanese meeting the president as soon as feasible. The more time elapses, the more the fog needs to be cleared from the relationship.
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.
Anthony Albanese seems to find himself on eggshells whenever the Australian-American relationship comes up.
After the G7 debacle, he’s persistently pursued – to his obvious irritation – by journalists asking when he’ll have his first face-to-face meeting with Donald Trump. It’s a question he has so far been unable to answer, as he prepares for his fourth meeting with Chinese leader Xi Jinping.
There is no Washington meeting lined up, so Albanese just talks about the various occasions when their paths are due to cross. The next time is the Quad in India later this year (there is no fixed date).
Trump’s deadline for deals on his tariffs has now been moved from this week to August 1. Despite the months of negotiation, the government (as of now) is not expecting to receive a concession on the hefty 50% steel and aluminium tariffs, nor on the general 10% tariff. That will invite a fresh round of criticism that the government has not been able to leverage Australia’s advantages on critical minerals with the Trump administration.
And now the PM has stirred controversy with his John Curtin Oration, delivered on Saturday night.
Curtin is at the top of Labor’s pantheon of heroes, and generally regarded as one of Australia’s greatest prime ministers, by many as the greatest. Labor PMs regularly pay homage. (Bob Hawke and Paul Keating once had a spectacular falling out after Hawke considered Keating had slighted Curtin’s memory.)
In the second world war Curtin famously stood up to United Kingdom Prime Minister Winston Churchill to insist Australian troops be returned home, rather than diverted to Burma as Churchill wanted. And in those dark wartime days, Curtin dramatically “looked to America” for Australia’s security.
In delivering Saturday’s oration, Albanese painted the Curtin course as an example of Labor forging an independent foreign policy, and identified with it.
He said Curtin was the “founder” of the Australia-US alliance (contested by those who date the alliance from the Menzies years, when ANZUS was signed).
Albanese said “Curtin’s famous statement that Australia ‘looked to America’ was much more than the idea of trading one strategic guarantor for another”.
“It was a recognition that Australia’s fate would be decided in our region.
“It followed the decision Curtin had made in 1941 that Australia would issue its own declaration of war with Japan.
“Speaking for ourselves, as a sovereign nation.”
“We needed an Australian foreign policy anchored in strategic reality, not bound by tradition.”
“So we remember Curtin not just because he looked to America. We honour him because he spoke for Australia.
“For Australia and for Labor, that independence has never meant isolationism, Choosing our own way, doesn’t mean going it alone,” Albanese said.
Curtin’s biographer John Edwards, writing in the Lowy Institute’s The Interpreter, says Albanese’s oration “adroitly positions Australia for a testing time on foreign policy.
“Albanese’s speech affirms that in the competition between the United States and China, Australia will act in its own interests.”
Edwards puts the December 1941 appeal to the US against a particular background. The context of the article was a meeting then taking place in Washington between Churchill and US President Roosevelt, he writes.
Churchill was anxious the US not be distracted from the European conflict by the Pacific war. “Curtin’s article was a demand for Australia – not the United Kingdom – to be America’s principal partner in the war against Japan,” Edwards writes.
Others, notably the Australian’s foreign editor Greg Sheridan, have accused Albanese of misrepresenting the history.
But apart from details of the historical argument, the timing, emphasis and context of Albanese’s remarks are what’s relevant.
Sheridan writes, “Who on earth is Albanese messaging in this speech? Because it implies greater Australian strategic distance from the US, it will be welcomed in Beijing.”
Former ambassador to the United States Arthur Sinodinos (a Liberal government appointee but usually objective in his observations) said the speech made clear the bipartisan support for the alliance.
But “given the context of Australia-US relations at present, the speech will need careful explanation to our American friends to avoid a misconception that was hyped that the speech would be a declaration of independence from the US,” Sinodinos said.
An interpretive job that will presumably fall, in part, to ambassador Kevin Rudd.
If the oration will require “careful explanation”, how much more carefully will the prime minister have to be in what he says in China next week and the messages he sends indirectly to Washington?
It all serves to reinforce the importance of Albanese meeting the president as soon as feasible. The more time elapses, the more the fog needs to be cleared from the relationship.
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.
Transactions in the period 30 June 2025 to 4 July 2025 On 30 June 2025, Columbus A/S announced a share buyback programme under which the company will repurchase shares for up to DKK 16m during the period from 30 June 2025 to 11 March 2026, both dates included, as outlined in company announcement no. 8/2025.
The share buyback programme is executed in accordance with Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and the Commission Delegated Regulation (EU) 2016/1052, also referred to as the Safe Harbour Regulations.
The following transactions were made under the share buyback programme in the period 30 June 2025 to 4 July 2025:
Number of shares
Average purchase price (DKK)
Transaction value (DKK)
Accumulated, last announcement
–
–
–
30 June 2025
12,000
9.93
119,184.00
1 July 2025
12,000
9.91
118,948.80
2 July 2025
12,000
10.57
126,861.60
3 July 2015
12,000
10.78
129,336.00
4 July 2025
12,000
10.80
129,600.00
Total, 30 June 2025 to 4 July 2025
60,000
10.40
623,930.40
Total accumulated under the programme
60,000
10.40
623,930.40
With the transactions stated above, Columbus A/S holds a total of 60,000 own shares, corresponding to 0.05% of the Company’s share capital.
Ib Kunøe Søren Krogh Knudsen Chairman of the Board CEO & President
For further information, please contact: CEO & President, Søren Krogh Knudsen, +45 70 20 50 00
Danske Bank share buy-back programme: transactions in week 27
On 7 February 2025, Danske Bank A/S announced a share buy-back programme for a total of DKK 5 billion, with a maximum of 45,000,000 shares, in the period from 10 February 2025 to 30 January 2026, at the latest, as described in company announcement no. 6 2025.
The Programme is carried out in accordance with Article 5 of Regulation (EU) No 596/2014 of the European Parliament and Council of 16 April 2014 (the “Market Abuse Regulation”) and the Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016 (together with the Market Abuse Regulation, the “Safe Harbour Rules”).
The following transactions on Nasdaq Copenhagen A/S were made under the share buy-back programme in week 27:
Number of shares
VWAP DKK
Gross value DKK
Accumulated, last announcement
7,767,490
232.3095
1,804,461,787
30 June 2025
50,000
257.8734
12,893,670
01 July 2025
45,861
256.1282
11,746,295
02 July 2025
75,000
257.5588
19,316,910
03 July 2025
89,779
258.8913
23,243,002
04 July 2025
11,650
258.3993
3,010,352
Total accumulated over week 27
272,290
257.8509
70,210,229
Total accumulated during the share buyback programme
8,039,780
233.1745
1,874,672,016
With the transactions stated above, the total accumulated number of own shares under the share buy-back programme corresponds to 0.963% of Danske Bank A/S’ share capital.
Danske Bank
Contact: Claus Ingar Jensen, Head of Group Investor Relations, tel. +45 25 42 43 70
This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act
Danske Bank share buy-back programme: transactions in week 27
On 7 February 2025, Danske Bank A/S announced a share buy-back programme for a total of DKK 5 billion, with a maximum of 45,000,000 shares, in the period from 10 February 2025 to 30 January 2026, at the latest, as described in company announcement no. 6 2025.
The Programme is carried out in accordance with Article 5 of Regulation (EU) No 596/2014 of the European Parliament and Council of 16 April 2014 (the “Market Abuse Regulation”) and the Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016 (together with the Market Abuse Regulation, the “Safe Harbour Rules”).
The following transactions on Nasdaq Copenhagen A/S were made under the share buy-back programme in week 27:
Number of shares
VWAP DKK
Gross value DKK
Accumulated, last announcement
7,767,490
232.3095
1,804,461,787
30 June 2025
50,000
257.8734
12,893,670
01 July 2025
45,861
256.1282
11,746,295
02 July 2025
75,000
257.5588
19,316,910
03 July 2025
89,779
258.8913
23,243,002
04 July 2025
11,650
258.3993
3,010,352
Total accumulated over week 27
272,290
257.8509
70,210,229
Total accumulated during the share buyback programme
8,039,780
233.1745
1,874,672,016
With the transactions stated above, the total accumulated number of own shares under the share buy-back programme corresponds to 0.963% of Danske Bank A/S’ share capital.
Danske Bank
Contact: Claus Ingar Jensen, Head of Group Investor Relations, tel. +45 25 42 43 70
This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act
Danske Bank share buy-back programme: transactions in week 27
On 7 February 2025, Danske Bank A/S announced a share buy-back programme for a total of DKK 5 billion, with a maximum of 45,000,000 shares, in the period from 10 February 2025 to 30 January 2026, at the latest, as described in company announcement no. 6 2025.
The Programme is carried out in accordance with Article 5 of Regulation (EU) No 596/2014 of the European Parliament and Council of 16 April 2014 (the “Market Abuse Regulation”) and the Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016 (together with the Market Abuse Regulation, the “Safe Harbour Rules”).
The following transactions on Nasdaq Copenhagen A/S were made under the share buy-back programme in week 27:
Number of shares
VWAP DKK
Gross value DKK
Accumulated, last announcement
7,767,490
232.3095
1,804,461,787
30 June 2025
50,000
257.8734
12,893,670
01 July 2025
45,861
256.1282
11,746,295
02 July 2025
75,000
257.5588
19,316,910
03 July 2025
89,779
258.8913
23,243,002
04 July 2025
11,650
258.3993
3,010,352
Total accumulated over week 27
272,290
257.8509
70,210,229
Total accumulated during the share buyback programme
8,039,780
233.1745
1,874,672,016
With the transactions stated above, the total accumulated number of own shares under the share buy-back programme corresponds to 0.963% of Danske Bank A/S’ share capital.
Danske Bank
Contact: Claus Ingar Jensen, Head of Group Investor Relations, tel. +45 25 42 43 70
This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act
It is my great pleasure to welcome you to the Courtney Blackman Grande Salle of the Central Bank of Barbados for theFast Payments Systems Workshop for Caribbean Countries. We are truly honoured to host this meeting of the minds as we advance our domestic payments infrastructure to be more inclusive, efficient, and resilient.
This workshop comes at a crucial juncture for the Central Bank of Barbados as we are onboarding a national instant payments system in Barbados, with the power to catalyse the payments landscape. Rolling out this national instant payment system will integrate our payments network; promote real-time settlement for retail, wholesale, e-government, and securities payments; empower micro and small businesses; support greater system transparency and security, standardisation, and interoperability; and lower transaction and operating costs, as well as settlement times, all while promoting financial inclusion.
Across the globe, central banks are leading the most successful implementations of faster payment systems. These efforts are ensuring that national payments systems are safe, efficient, and accessible to all-especially the underserved and unbanked. As a central bank, we have the responsibility to provide this instant payment system as a public good, which will not only keep pace with innovation, but will also benefit our citizens, our financial sector, the economy as a whole, and our future.
As we at the Central Bank of Barbados are embarking on this journey, we are placing strong emphasis on meeting international standards, while achieving interoperability, built on a solid foundation of robust governance, and strong cybersecurity mechanisms. We are eager to learn from our regional partners’ experiences and align ourselves with global best practices to shape an instant payments ecosystem that works for our unique context.
The workshop agenda over the next two days is both rich and relevant, allowing us to dive deep into the world of Instant Payment Systems. We will examine design principles, governance models, implementation strategies, and operational challenges. We will also explore the integration of overlay services, discuss cybersecurity risks, and consider the potential for cross-border applications. Importantly, we will also hear directly from central banks that have walked this path and have lessons to share with us.
We at the Central Bank of Barbados now have an incredible opportunity before us; to learn from global experts, like our partners joining us from the World Bank and the National Bank of Serbia, examine the experiences of other jurisdictions, and explore just what it takes to successfully implement a faster payments network in Barbados. This workshop is not only timely-it is imperative. We now exist in a world where consumers and businesses expect instantaneous results in every aspect of their digital lives; payments cannot lag behind. Faster payments are no longer a luxury or a future possibility-they are the new standard.
So, I encourage everyone here to contribute actively to the discussions-to ask the tough questions, and to share your own insights and guidance. Let this be a collaborative space where we not only build knowledge, but build momentum as we continue the rollout of our national instant payments system.
I want to express my sincerest gratitude to our partners at the World Bank, whose support and keen technical expertise have been invaluable to the progress of this payments initiative thus far. I also acknowledge and thank my fellow regional central bank governors for their leadership, commitment, and willing collaboration as we move forward in this space.
As we embark on these two days of discussion and discovery, let us remember that faster payments are not just about technology, they are about creating systems that serve people better. They are about making our financial systems and economies more agile, our businesses more competitive, and our societies more inclusive, and our ultimate aim is to implement faster payments systems for all Caribbean countries.
Let us lead this transformation together-with purpose, with partnership, and with the public good at heart.
Thank you, and I look forward to the vibrant exchange of ideas that lies ahead.
It is my great pleasure to welcome you to the Courtney Blackman Grande Salle of the Central Bank of Barbados for theFast Payments Systems Workshop for Caribbean Countries. We are truly honoured to host this meeting of the minds as we advance our domestic payments infrastructure to be more inclusive, efficient, and resilient.
This workshop comes at a crucial juncture for the Central Bank of Barbados as we are onboarding a national instant payments system in Barbados, with the power to catalyse the payments landscape. Rolling out this national instant payment system will integrate our payments network; promote real-time settlement for retail, wholesale, e-government, and securities payments; empower micro and small businesses; support greater system transparency and security, standardisation, and interoperability; and lower transaction and operating costs, as well as settlement times, all while promoting financial inclusion.
Across the globe, central banks are leading the most successful implementations of faster payment systems. These efforts are ensuring that national payments systems are safe, efficient, and accessible to all-especially the underserved and unbanked. As a central bank, we have the responsibility to provide this instant payment system as a public good, which will not only keep pace with innovation, but will also benefit our citizens, our financial sector, the economy as a whole, and our future.
As we at the Central Bank of Barbados are embarking on this journey, we are placing strong emphasis on meeting international standards, while achieving interoperability, built on a solid foundation of robust governance, and strong cybersecurity mechanisms. We are eager to learn from our regional partners’ experiences and align ourselves with global best practices to shape an instant payments ecosystem that works for our unique context.
The workshop agenda over the next two days is both rich and relevant, allowing us to dive deep into the world of Instant Payment Systems. We will examine design principles, governance models, implementation strategies, and operational challenges. We will also explore the integration of overlay services, discuss cybersecurity risks, and consider the potential for cross-border applications. Importantly, we will also hear directly from central banks that have walked this path and have lessons to share with us.
We at the Central Bank of Barbados now have an incredible opportunity before us; to learn from global experts, like our partners joining us from the World Bank and the National Bank of Serbia, examine the experiences of other jurisdictions, and explore just what it takes to successfully implement a faster payments network in Barbados. This workshop is not only timely-it is imperative. We now exist in a world where consumers and businesses expect instantaneous results in every aspect of their digital lives; payments cannot lag behind. Faster payments are no longer a luxury or a future possibility-they are the new standard.
So, I encourage everyone here to contribute actively to the discussions-to ask the tough questions, and to share your own insights and guidance. Let this be a collaborative space where we not only build knowledge, but build momentum as we continue the rollout of our national instant payments system.
I want to express my sincerest gratitude to our partners at the World Bank, whose support and keen technical expertise have been invaluable to the progress of this payments initiative thus far. I also acknowledge and thank my fellow regional central bank governors for their leadership, commitment, and willing collaboration as we move forward in this space.
As we embark on these two days of discussion and discovery, let us remember that faster payments are not just about technology, they are about creating systems that serve people better. They are about making our financial systems and economies more agile, our businesses more competitive, and our societies more inclusive, and our ultimate aim is to implement faster payments systems for all Caribbean countries.
Let us lead this transformation together-with purpose, with partnership, and with the public good at heart.
Thank you, and I look forward to the vibrant exchange of ideas that lies ahead.
It is my great pleasure to welcome you to the Courtney Blackman Grande Salle of the Central Bank of Barbados for theFast Payments Systems Workshop for Caribbean Countries. We are truly honoured to host this meeting of the minds as we advance our domestic payments infrastructure to be more inclusive, efficient, and resilient.
This workshop comes at a crucial juncture for the Central Bank of Barbados as we are onboarding a national instant payments system in Barbados, with the power to catalyse the payments landscape. Rolling out this national instant payment system will integrate our payments network; promote real-time settlement for retail, wholesale, e-government, and securities payments; empower micro and small businesses; support greater system transparency and security, standardisation, and interoperability; and lower transaction and operating costs, as well as settlement times, all while promoting financial inclusion.
Across the globe, central banks are leading the most successful implementations of faster payment systems. These efforts are ensuring that national payments systems are safe, efficient, and accessible to all-especially the underserved and unbanked. As a central bank, we have the responsibility to provide this instant payment system as a public good, which will not only keep pace with innovation, but will also benefit our citizens, our financial sector, the economy as a whole, and our future.
As we at the Central Bank of Barbados are embarking on this journey, we are placing strong emphasis on meeting international standards, while achieving interoperability, built on a solid foundation of robust governance, and strong cybersecurity mechanisms. We are eager to learn from our regional partners’ experiences and align ourselves with global best practices to shape an instant payments ecosystem that works for our unique context.
The workshop agenda over the next two days is both rich and relevant, allowing us to dive deep into the world of Instant Payment Systems. We will examine design principles, governance models, implementation strategies, and operational challenges. We will also explore the integration of overlay services, discuss cybersecurity risks, and consider the potential for cross-border applications. Importantly, we will also hear directly from central banks that have walked this path and have lessons to share with us.
We at the Central Bank of Barbados now have an incredible opportunity before us; to learn from global experts, like our partners joining us from the World Bank and the National Bank of Serbia, examine the experiences of other jurisdictions, and explore just what it takes to successfully implement a faster payments network in Barbados. This workshop is not only timely-it is imperative. We now exist in a world where consumers and businesses expect instantaneous results in every aspect of their digital lives; payments cannot lag behind. Faster payments are no longer a luxury or a future possibility-they are the new standard.
So, I encourage everyone here to contribute actively to the discussions-to ask the tough questions, and to share your own insights and guidance. Let this be a collaborative space where we not only build knowledge, but build momentum as we continue the rollout of our national instant payments system.
I want to express my sincerest gratitude to our partners at the World Bank, whose support and keen technical expertise have been invaluable to the progress of this payments initiative thus far. I also acknowledge and thank my fellow regional central bank governors for their leadership, commitment, and willing collaboration as we move forward in this space.
As we embark on these two days of discussion and discovery, let us remember that faster payments are not just about technology, they are about creating systems that serve people better. They are about making our financial systems and economies more agile, our businesses more competitive, and our societies more inclusive, and our ultimate aim is to implement faster payments systems for all Caribbean countries.
Let us lead this transformation together-with purpose, with partnership, and with the public good at heart.
Thank you, and I look forward to the vibrant exchange of ideas that lies ahead.
Samsung, India’s largest consumer electronics brand, announced its all-new Smart Monitor family, featuring the luxurious M9 (M90SF), alongside enhanced editions of the M8 (M80SF) and M7 (M70F). With advanced AI features across the lineup, the new offerings provide a more personalized and connected screen for work and entertainment.
“By combining Samsung’s 4K QD-OLED brilliance with intuitive vision AI, the M9 elevates the display into something more than a monitor. With real time picture and sound optimization, a sleek all-in-one design and seamless access to your favorite streaming and work tools, the M9 delivers a sharper, smarter and truly immersive experience,” said Puneet Sethi, Vice President, Enterprise Business, Samsung India.
Flagship M9: A Leap in Display Innovation
The M9 introduces QD-OLED technology to the Smart Monitor lineup for the first time. Merging flagship-level visuals with TV-grade smart functionality, the 32-inch M9 is engineered to deliver stunning contrast, vibrant colors, and immersive visuals. With a sleek, all-metal chassis, it blends museum-quality aesthetics with functional elegance, apt for a chic design studio or the coveted corner office.
Samsung’s Smart Monitor M9 introduces OLED Safeguard+ to maintain screen integrity over time, featuring a proprietary cooling system that minimizes the risk of burn-in. Its Glare-Free display reduces reflections, ensuring consistent visibility and comfort even in bright environments.
The M9 leverages AI-driven technologies like AI Picture Optimizer, 4K AI Upscaling Pro, and Active Voice Amplifier (AVA) Pro to enhance picture and sound quality in real time, adapting automatically to content and surroundings for optimized performance.
As a smart entertainment hub, the M9 offers access to popular streaming apps, Samsung TV Plus, and Samsung Gaming Hub, enabling cloud-based gaming without a console or PC. With a 165Hz refresh rate, 0.03ms response time, and NVIDIA G-SYNC compatibility, it delivers smooth, high-performance visuals ideal for gaming and other demanding tasks.
Paired with its 4K QD-OLED display, the monitor delivers visuals that align with content creators’ intentions, offering clarity and confidence for any application.
M8 and M7: Smarter Everyday Displays for Work and Play
The Smart Monitor M8 and M7 expand Samsung’s smart monitor lineup with 32-inch 4K UHD screens powered by advanced VA panel technology for sharp detail and rich contrast. Both models feature AI-powered tools like Click to Search and Tizen OS Home for intuitive content discovery and personalized recommendations.
All three models integrate seamlessly with SmartThings, support Multi Control between Samsung devices, and offer Multi View for multitasking. With Microsoft 365 access, users can create and edit documents directly from the monitor without a PC, making them versatile solutions for modern work and entertainment setups.
Prices and Offers
Model
Price (in INR)
Coupon/add to cart (in INR)
M90SF 32”
125999
3000
M80SF 31”
49299
3000
M70F 32″ (Black)
30699
1500
M70F 32″ (White)
31199
1500
M70F 43”
34299
1500
As a part of launch starting from July 7 and July 20, 2025, consumers can avail benefits with instant cart discount up to INR 3000 across all channels.
Source: Hong Kong Government special administrative region
Government launches Subsidy Scheme to Extend 5G Coverage in Rural and Remote Areas Under the Subsidy Scheme, participating MNOs will install approximately 50 new subsidised radio base stations (RBSs) in various locations in Hong Kong, including country parks, outlying islands and other rural and remote areas, to enhance mobile network coverage and capacity in these areas, thereby improving residents’ quality of life and safeguarding the safety of rural activities.
“We anticipate that once the new RBSs are completed and activated, mobile network coverage of country parks in Hong Kong will increase to at least 90 per cent, while coverage along major government hiking trails will reach 98 per cent or above. The Subsidy Scheme will enhance network coverage in the surrounding areas and benefit some 70 villages located in the vicinity of the proposed RBSs, enabling residents, citizens and tourists to enjoy higher-quality mobile network services, and also facilitating the development of smart tourism,” a spokesman for OFCA said.
As announced in the 2023 Policy Address, the Government would expedite the expansion of mobile network infrastructure in rural and remote areas through subsidies. To implement the initiative, the Commerce and Economic Development Bureau and OFCA, having completed the relevant technical studies and stakeholder consultations, formulated the specific arrangements for the Subsidy Scheme. The Legislative Council approved the relevant funding in April this year.
OFCA, as the implementation agency of the Subsidy Scheme, will rigorously assess applications and monitor installation progress as well as the future operation of the RBSs to ensure the effective use of public funds. For details of the Subsidy Scheme, including application eligibility and procedures, technical requirements and site locations, please refer to the thematic websiteIssued at HKT 15:25
Invest Hong Kong (InvestHK) today announced that it had assisted over 1,300 overseas and Mainland companies to set up or expand their business in Hong Kong from January 2023 to the first six months of 2025, bringing in foreign direct investment of more than $160 billion and creating over 19,000 jobs within the first year of operation or expansion.
These results demonstrate that InvestHK has achieved ahead of schedule its performance indicators as set out in the 2022 Policy Address.
Regarding the over 1,300 companies, 630 came from the Mainland, followed by the US, the UK, Singapore and Canada.
Among the companies InvestHK assisted, the top few sectors include financial services and fintech, innovation and technology, family offices, tourism and hospitality, as well as business and professional services.
Additionally, under the New Capital Investment Entrant Scheme, InvestHK is responsible for its financial requirements assessment. Since its launch in March 2024, there are 1,548 applications as of June 2025, in which 673 applications were granted formal approvals. The verified investment was over $21 billion, while the expected investment amount to be brought into Hong Kong was over $46 billion.
Director-General of Investment Promotion Alpha Lau said: “Our investment promotion efforts span various industries, aligning with policy directives and closely adhering to the key measures outlined in the Policy Addresses in recent years, such as the low-altitude economy, liquor trade and the development of the Northern Metropolis.
“We also assist Mainland companies to go global via Hong Kong and further promote Hong Kong’s advantages as a regional trade and high-end logistics hub.
“We will continue to leverage Hong Kong’s role as a two-way springboard for Mainland and overseas companies to connect between our country and the rest of the world under the ‘one country, two systems’ principle.”
Looking ahead, Ms Lau noted that InvestHK will focus on four strategic sectors, namely financial services and fintech, innovation and technology, supply chain management and logistics, as well as sustainable development and the green economy.
“We are also committed to leveraging Hong Kong’s ‘perceptible and experiential’ soft power to promote cultural ties, showcasing the city’s charm to the world in order to attract foreign investment. This will lead to drive the development of relevant industries and assist enterprises in capital matching through Hong Kong’s stable capital market.”
In addition to highlighting that this year marks InvestHK’s 25th anniversary, Ms Lau emphasised that over the past quarter century, the Government’s dedicated investment promotion agency has assisted over 7,700 overseas and Mainland companies from around the world to set up or expand their business in Hong Kong.
These companies, she pointed out, span a wide range of sectors, including finance, innovation and technology, professional services, and sustainable development, creating over 95,000 jobs and bringing in direct investment of more than $440 billion.
MILPITAS, Calif., July 07, 2025 (GLOBE NEWSWIRE) — Lumissil Microsystems announces the release of the IS32LT315x family, a new line of current-source linear LED drivers designed for automotive lighting applications, and Tail/Brake light combinations. The family consists of three devices: Single Channel IS32LT3151A/B/C/D/E and Triple Channel IS32LT3152A/B and IS32LT3153A/B/E. The IS32LT315x line of high-side linear drivers provides designers with enhanced thermal optimization and fault reporting capabilities.
Differentiated by channel count, output current, and fault features to meet a range of application needs as mentioned in the table below. They are available in configurations with either a single 450mA channel or three 150mA channels, with output current configured by an external resistor. Drivers, such as the IS32LT3151A/C and IS32LT3153A/B/E include single LED short detection and support analog current adjustment for LED thermal management via an external NTC resistor or enable dual brightness levels using an external FET switch. The IS32LT3151B/D/E and IS32LT3152A/B drivers limit some features to prioritize compact packaging and cost-saving objectives.
Based on a high-side output topology, these drivers allow LED output strings to share common ground, reducing wiring and simplifying harness design. For high power applications, optional thermal shunt/sharing resistors can be added to offload heat from the driver, reducing thermal stress when driving high-brightness LEDs.
All devices include open/short fault detection at the LED string level and can be configured for “one-fail-all-OFF” behavior upon fault detection. Fault conditions are reported through a shared open-drain FAULTB pin, providing system designers with the flexibility to define fault response based on application requirements. All drivers in the family are designed and qualified to AEC-Q100 standards for reliable operation in harsh automotive environments. Additionally, the IS32LT3151C/D, IS32LT3152B, and IS32LT3153B are designed in accordance with ISO 26262 ASIL-B safety requirements.
“The IS32LT315x family was designed to cover all the essentials thermal management, current adjustment, and safety compliance without forcing any compromises,” said Lyn Zastrow, VP of Marketing and Sales at Lumissil Microsystems. “This product family enables smarter designs without tradeoffs.”
All devices support a wide operating voltage range from 4.5V to 40V and are AEC-Q100 qualified for temperature grade 1 (-40°C to 125°C), with junction temperature ratings up to 150°C. The IS32LT3151B/D/E are available in compact SOP8-EP packages, while the other variants come in eTSSOP packages with 14-, 16-, or 20-pin options.
Availability and pricing
To enhance electrical and thermal characteristics, the IS32LT315x family is available with copper (Cu) wire bonding. For IC, evaluation board samples, or general inquiries, please contact your Lumissil sales representative.
Parts table:
Part Number
IS32LT3151A/C
IS32LT3151B/D/E
IS32LT3152A/B
IS32LT3153A/B/E
Channel Qty
1
1
3
3
Current/CH
450mA
450mA
150mA
150mA
Analog dimming (ICTRL)
YES
N/A
N/A
YES
Single-LED short detection
YES
N/A
N/A
YES
ASIL-B
3151C only
3151D only
3152B only
3153B only
Package
eTSSOP14
SOP8-EP
eTSSOP16
eTSSOP20
About Lumissil Microsystems Lumissil Microsystems specializing in analog/mixed-signal products for automotive, communications, industrial, and consumer markets. Lumissil’s primary products are LED drivers for low to mid-power RGB color mixing and high-power lighting applications. Other products include audio, sensors, high-speed wire communications, optical networking, and application specific microcontrollers. Lumissil Microsystems has worldwide offices in the US, Taiwan, Japan, Singapore, mainland China, Europe, Hong Kong, India, Israel, and Korea. Website: https://www.lumissil.com
MILPITAS, Calif., July 07, 2025 (GLOBE NEWSWIRE) — Lumissil Microsystems announces the release of the IS32LT315x family, a new line of current-source linear LED drivers designed for automotive lighting applications, and Tail/Brake light combinations. The family consists of three devices: Single Channel IS32LT3151A/B/C/D/E and Triple Channel IS32LT3152A/B and IS32LT3153A/B/E. The IS32LT315x line of high-side linear drivers provides designers with enhanced thermal optimization and fault reporting capabilities.
Differentiated by channel count, output current, and fault features to meet a range of application needs as mentioned in the table below. They are available in configurations with either a single 450mA channel or three 150mA channels, with output current configured by an external resistor. Drivers, such as the IS32LT3151A/C and IS32LT3153A/B/E include single LED short detection and support analog current adjustment for LED thermal management via an external NTC resistor or enable dual brightness levels using an external FET switch. The IS32LT3151B/D/E and IS32LT3152A/B drivers limit some features to prioritize compact packaging and cost-saving objectives.
Based on a high-side output topology, these drivers allow LED output strings to share common ground, reducing wiring and simplifying harness design. For high power applications, optional thermal shunt/sharing resistors can be added to offload heat from the driver, reducing thermal stress when driving high-brightness LEDs.
All devices include open/short fault detection at the LED string level and can be configured for “one-fail-all-OFF” behavior upon fault detection. Fault conditions are reported through a shared open-drain FAULTB pin, providing system designers with the flexibility to define fault response based on application requirements. All drivers in the family are designed and qualified to AEC-Q100 standards for reliable operation in harsh automotive environments. Additionally, the IS32LT3151C/D, IS32LT3152B, and IS32LT3153B are designed in accordance with ISO 26262 ASIL-B safety requirements.
“The IS32LT315x family was designed to cover all the essentials thermal management, current adjustment, and safety compliance without forcing any compromises,” said Lyn Zastrow, VP of Marketing and Sales at Lumissil Microsystems. “This product family enables smarter designs without tradeoffs.”
All devices support a wide operating voltage range from 4.5V to 40V and are AEC-Q100 qualified for temperature grade 1 (-40°C to 125°C), with junction temperature ratings up to 150°C. The IS32LT3151B/D/E are available in compact SOP8-EP packages, while the other variants come in eTSSOP packages with 14-, 16-, or 20-pin options.
Availability and pricing
To enhance electrical and thermal characteristics, the IS32LT315x family is available with copper (Cu) wire bonding. For IC, evaluation board samples, or general inquiries, please contact your Lumissil sales representative.
Parts table:
Part Number
IS32LT3151A/C
IS32LT3151B/D/E
IS32LT3152A/B
IS32LT3153A/B/E
Channel Qty
1
1
3
3
Current/CH
450mA
450mA
150mA
150mA
Analog dimming (ICTRL)
YES
N/A
N/A
YES
Single-LED short detection
YES
N/A
N/A
YES
ASIL-B
3151C only
3151D only
3152B only
3153B only
Package
eTSSOP14
SOP8-EP
eTSSOP16
eTSSOP20
About Lumissil Microsystems Lumissil Microsystems specializing in analog/mixed-signal products for automotive, communications, industrial, and consumer markets. Lumissil’s primary products are LED drivers for low to mid-power RGB color mixing and high-power lighting applications. Other products include audio, sensors, high-speed wire communications, optical networking, and application specific microcontrollers. Lumissil Microsystems has worldwide offices in the US, Taiwan, Japan, Singapore, mainland China, Europe, Hong Kong, India, Israel, and Korea. Website: https://www.lumissil.com
MILPITAS, Calif., July 07, 2025 (GLOBE NEWSWIRE) — Lumissil Microsystems announces the release of the IS32LT315x family, a new line of current-source linear LED drivers designed for automotive lighting applications, and Tail/Brake light combinations. The family consists of three devices: Single Channel IS32LT3151A/B/C/D/E and Triple Channel IS32LT3152A/B and IS32LT3153A/B/E. The IS32LT315x line of high-side linear drivers provides designers with enhanced thermal optimization and fault reporting capabilities.
Differentiated by channel count, output current, and fault features to meet a range of application needs as mentioned in the table below. They are available in configurations with either a single 450mA channel or three 150mA channels, with output current configured by an external resistor. Drivers, such as the IS32LT3151A/C and IS32LT3153A/B/E include single LED short detection and support analog current adjustment for LED thermal management via an external NTC resistor or enable dual brightness levels using an external FET switch. The IS32LT3151B/D/E and IS32LT3152A/B drivers limit some features to prioritize compact packaging and cost-saving objectives.
Based on a high-side output topology, these drivers allow LED output strings to share common ground, reducing wiring and simplifying harness design. For high power applications, optional thermal shunt/sharing resistors can be added to offload heat from the driver, reducing thermal stress when driving high-brightness LEDs.
All devices include open/short fault detection at the LED string level and can be configured for “one-fail-all-OFF” behavior upon fault detection. Fault conditions are reported through a shared open-drain FAULTB pin, providing system designers with the flexibility to define fault response based on application requirements. All drivers in the family are designed and qualified to AEC-Q100 standards for reliable operation in harsh automotive environments. Additionally, the IS32LT3151C/D, IS32LT3152B, and IS32LT3153B are designed in accordance with ISO 26262 ASIL-B safety requirements.
“The IS32LT315x family was designed to cover all the essentials thermal management, current adjustment, and safety compliance without forcing any compromises,” said Lyn Zastrow, VP of Marketing and Sales at Lumissil Microsystems. “This product family enables smarter designs without tradeoffs.”
All devices support a wide operating voltage range from 4.5V to 40V and are AEC-Q100 qualified for temperature grade 1 (-40°C to 125°C), with junction temperature ratings up to 150°C. The IS32LT3151B/D/E are available in compact SOP8-EP packages, while the other variants come in eTSSOP packages with 14-, 16-, or 20-pin options.
Availability and pricing
To enhance electrical and thermal characteristics, the IS32LT315x family is available with copper (Cu) wire bonding. For IC, evaluation board samples, or general inquiries, please contact your Lumissil sales representative.
Parts table:
Part Number
IS32LT3151A/C
IS32LT3151B/D/E
IS32LT3152A/B
IS32LT3153A/B/E
Channel Qty
1
1
3
3
Current/CH
450mA
450mA
150mA
150mA
Analog dimming (ICTRL)
YES
N/A
N/A
YES
Single-LED short detection
YES
N/A
N/A
YES
ASIL-B
3151C only
3151D only
3152B only
3153B only
Package
eTSSOP14
SOP8-EP
eTSSOP16
eTSSOP20
About Lumissil Microsystems Lumissil Microsystems specializing in analog/mixed-signal products for automotive, communications, industrial, and consumer markets. Lumissil’s primary products are LED drivers for low to mid-power RGB color mixing and high-power lighting applications. Other products include audio, sensors, high-speed wire communications, optical networking, and application specific microcontrollers. Lumissil Microsystems has worldwide offices in the US, Taiwan, Japan, Singapore, mainland China, Europe, Hong Kong, India, Israel, and Korea. Website: https://www.lumissil.com
AMSTERDAM, July 07, 2025 (GLOBE NEWSWIRE) — Theta Capital, the largest European investor in blockchain venture capital, has announced two senior hires. Gijs Burgers has been appointed COO, and Eduard van Asten has been appointed Head of Compliance and Risk.
Gijs was previously COO at the Nasdaq-listed company Hilbert Group AB, one of the largest liquid digital assets hedge funds globally. He has a history as board-room consultant and entrepreneur in the fintech and blockchain spaces and has been active in the crypto and digital assets since 2012. He was Corporate Strategist at APG, one of the top five pension funds globally and co-founded Onramper.com, a successful global aggregator of onramp and offramp methods. He has two Master’s degrees from respectively Erasmus University Rotterdam and Tilburg University.
Eduard was previously Head of Compliance and Risk at Zing NL, a subsidiary of HSBC aiming to create a global digital payments application. He was also Global Senior Compliance Expert for ING Group and CCRO for multiple firms including Vivid Money and Pensify Group. He has two Masters degrees and a BA in Law from Erasmus University. He has 14 years of experience in compliance, risk and regulatory matters for financial institutions.
“These are important hires for Theta Capital and demonstrate our on-going growth and institutionalisation as a firm,” said Marc de Kloe, Managing Partner at Theta Capital. “We are building our operational infrastructure and talent base for the future and I am confident that Gijs and Eduard will play an invaluable part for us. They are both extremely senior and experienced experts in their respective fields and we are fortunate they have chosen to join us.”
Gijs Burgers, COO, Theta Capital, added, “Theta has a leading reputation in the blockchain venture capital space globally not only as an investor but also in terms of its institutional grade operational infrastructure. I look forward to continuing to build on this as the firm grows and develops.”
Eduard van Asten, Head of Compliance and Risk, Theta Capital, concluded, “Theta rightly places regulatory compliance at the heart of its operations and I am delighted to be able to contribute my extensive experience in this space to the firm.”
About Theta Capital
Founded in 2001, Theta Capital Management has been among the earliest and largest institutional investors globally to invest in blockchain technology, having deployed capital in the space since January 2018. Theta Capital works with over 45 deeply specialized VC partners leading to more than 1,000 venture style investments in the technology. Deep domain expertise has led to a leading position in the universe of crypto-native venture capital.
AMSTERDAM, July 07, 2025 (GLOBE NEWSWIRE) — Theta Capital, the largest European investor in blockchain venture capital, has announced two senior hires. Gijs Burgers has been appointed COO, and Eduard van Asten has been appointed Head of Compliance and Risk.
Gijs was previously COO at the Nasdaq-listed company Hilbert Group AB, one of the largest liquid digital assets hedge funds globally. He has a history as board-room consultant and entrepreneur in the fintech and blockchain spaces and has been active in the crypto and digital assets since 2012. He was Corporate Strategist at APG, one of the top five pension funds globally and co-founded Onramper.com, a successful global aggregator of onramp and offramp methods. He has two Master’s degrees from respectively Erasmus University Rotterdam and Tilburg University.
Eduard was previously Head of Compliance and Risk at Zing NL, a subsidiary of HSBC aiming to create a global digital payments application. He was also Global Senior Compliance Expert for ING Group and CCRO for multiple firms including Vivid Money and Pensify Group. He has two Masters degrees and a BA in Law from Erasmus University. He has 14 years of experience in compliance, risk and regulatory matters for financial institutions.
“These are important hires for Theta Capital and demonstrate our on-going growth and institutionalisation as a firm,” said Marc de Kloe, Managing Partner at Theta Capital. “We are building our operational infrastructure and talent base for the future and I am confident that Gijs and Eduard will play an invaluable part for us. They are both extremely senior and experienced experts in their respective fields and we are fortunate they have chosen to join us.”
Gijs Burgers, COO, Theta Capital, added, “Theta has a leading reputation in the blockchain venture capital space globally not only as an investor but also in terms of its institutional grade operational infrastructure. I look forward to continuing to build on this as the firm grows and develops.”
Eduard van Asten, Head of Compliance and Risk, Theta Capital, concluded, “Theta rightly places regulatory compliance at the heart of its operations and I am delighted to be able to contribute my extensive experience in this space to the firm.”
About Theta Capital
Founded in 2001, Theta Capital Management has been among the earliest and largest institutional investors globally to invest in blockchain technology, having deployed capital in the space since January 2018. Theta Capital works with over 45 deeply specialized VC partners leading to more than 1,000 venture style investments in the technology. Deep domain expertise has led to a leading position in the universe of crypto-native venture capital.
AMSTERDAM, July 07, 2025 (GLOBE NEWSWIRE) — Theta Capital, the largest European investor in blockchain venture capital, has announced two senior hires. Gijs Burgers has been appointed COO, and Eduard van Asten has been appointed Head of Compliance and Risk.
Gijs was previously COO at the Nasdaq-listed company Hilbert Group AB, one of the largest liquid digital assets hedge funds globally. He has a history as board-room consultant and entrepreneur in the fintech and blockchain spaces and has been active in the crypto and digital assets since 2012. He was Corporate Strategist at APG, one of the top five pension funds globally and co-founded Onramper.com, a successful global aggregator of onramp and offramp methods. He has two Master’s degrees from respectively Erasmus University Rotterdam and Tilburg University.
Eduard was previously Head of Compliance and Risk at Zing NL, a subsidiary of HSBC aiming to create a global digital payments application. He was also Global Senior Compliance Expert for ING Group and CCRO for multiple firms including Vivid Money and Pensify Group. He has two Masters degrees and a BA in Law from Erasmus University. He has 14 years of experience in compliance, risk and regulatory matters for financial institutions.
“These are important hires for Theta Capital and demonstrate our on-going growth and institutionalisation as a firm,” said Marc de Kloe, Managing Partner at Theta Capital. “We are building our operational infrastructure and talent base for the future and I am confident that Gijs and Eduard will play an invaluable part for us. They are both extremely senior and experienced experts in their respective fields and we are fortunate they have chosen to join us.”
Gijs Burgers, COO, Theta Capital, added, “Theta has a leading reputation in the blockchain venture capital space globally not only as an investor but also in terms of its institutional grade operational infrastructure. I look forward to continuing to build on this as the firm grows and develops.”
Eduard van Asten, Head of Compliance and Risk, Theta Capital, concluded, “Theta rightly places regulatory compliance at the heart of its operations and I am delighted to be able to contribute my extensive experience in this space to the firm.”
About Theta Capital
Founded in 2001, Theta Capital Management has been among the earliest and largest institutional investors globally to invest in blockchain technology, having deployed capital in the space since January 2018. Theta Capital works with over 45 deeply specialized VC partners leading to more than 1,000 venture style investments in the technology. Deep domain expertise has led to a leading position in the universe of crypto-native venture capital.
The Pan-African Payment and Settlement System (PAPSS) is pleased to announce the entry of the Kingdom of Morocco into its growing network, with Bank Al-Maghrib officially signing the PAPSS membership agreement. As a result, Morocco becomes the 17th country to join the PAPSS network, further solidifying the continent’s commitment to financial integration and intra-African trade under the banner of the African Continental Free Trade Area (AfCFTA).
Developed by the African Export-Import Bank (Afreximbank) in partnership with the African Union and the AfCFTA Secretariat, PAPSS enables real-time, efficient, and cost-effective cross-border payments in local currencies. By welcoming Bank Al-Maghrib, PAPSS advances its mission of connecting African central banks and facilitating seamless cross-border trade, payment flows, and investment across the continent.
Mike Ogbalu III, Chief Executive Officer of PAPSS, lauded this latest milestone, stating: “We are delighted to welcome Bank Al-Maghrib to the PAPSS family. Morocco’s entry as our seventeenth central bank member demonstrates the growing momentum and trust in PAPSS as the solution for Africa’s cross-border payment challenges. With more countries joining, we are taking significant strides towards a truly unified African market, driving down transaction costs and empowering businesses and individuals across the continent.”
With Morocco’s addition, PAPSS now has seventeen countries among its membership, along with over 150 commercial banks and 14 switches, and continues to expand its reach and impact across Africa.
– on behalf of Afreximbank.
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About PAPSS: The Pan-African Payment and Settlement System – PAPSS is a centralised Financial Market Infrastructure that enables the efficient flow of money securely across African borders, minimising risk and contributing to financial integration across the regions. PAPSS collaborates with African central banks to offer payment and settlement solutions that commercial banks and licensed payment service providers (switches, fintechs, aggregators, etc.) across the continent can connect to, making these services accessible to the public. To date, PAPSS has developed and launched 3 payment solutions: PAPSS Instant Payment System (IPS), PAPSS African Currency Marketplace (PACM), and the PAPSSCARD.
Afreximbank and the African Union (“AU”) first announced PAPSS at the Twelfth Extraordinary Summit of the African Union held on July 7, 2019, in Niamey, Niger Republic, therefore adopting PAPSS as a key instrument for the implementation of the African Continental Free Trade Agreement (AfCFTA). Further, in its thirteenth (13th) extraordinary session, held on December 5, 2020, the assembly of the African Union directed Afreximbank and the AfCFTA secretariat to finalise, among others, work on the Pan-African Payments and Settlements System (PAPSS). The 35th Ordinary Session of the Assembly of the AU further directed the AfCFTA and Afreximbank to deploy the system to cover the entire continent. PAPSS was officially launched in Accra, Ghana, on January 13, 2022, thus making it available for use by the public.
Over the past two years, Nigeria—Africa’s most populous country—has implemented difficult reforms to tackle long-standing obstacles weighing on the economy. While the reforms are starting to show results, poverty and food insecurity remain high, and the uncertain global environment presents additional challenges. As discussed in our latest annual economic health check of the West African nation, the right policies can help Nigeria realize its potential as an African and global economic powerhouse.
A difficult starting point
Upon taking office in 2023, the new government faced low growth and rising poverty. Between 2014 and 2023, real per capita GDP declined on average by 0.7 percent annually. In 2023, the poverty rate stood at 42 percent. This difficult situation was compounded by limited access to dollars, which meant that people had to turn to the parallel currency market and thereby pay a much higher price than the official rate. In the meantime, public finances were strained by an opaque fuel subsidy system, which also caused recurrent petrol scarcity. And central bank financing of the fiscal deficit pushed up inflation.
In response to these challenges, Nigerian policymakers have embarked on a series of bold reforms over the last two years. In 2023 the new government and the Central Bank of Nigeria liberalized the foreign exchange market, stopped central bank financing of the fiscal deficit, and reformed fuel subsidies. The government also strengthened revenue collection, which is still one of the world’s weakest.
Since these reforms were implemented, international reserves have increased, and anyone can now access foreign exchange in the official market. Nigeria successfully returned to international capital markets last December and was recently upgraded by rating agencies. A new domestic, private refinery is positioning Nigeria up the value chain in a fully deregulated market.
The work continues
While progress has been encouraging, significant challenges remain. Inflation still exceeds 20 percent. Poor infrastructure, especially for electricity, inhibits economic activity. Poverty and food insecurity remain high. Nigeria lacks an effective social safety net to cushion the impact of shocks on the most vulnerable.
In addition, the global environment is posing new challenges with elevated uncertainty and high borrowing costs. Nigeria is especially affected by volatile international oil prices since oil revenues account for a large proportion of government revenues—a figure that stood at 30 percent in 2024.
Policy priorities
To address these challenges, Nigeria should focus on three key priorities:
First, the country needs stronger and more sustained growth to lift millions of people out of poverty and food insecurity, which is what the authorities are focusing on. This does not happen overnight. In the meantime, making growth more inclusive also requires scaling up the existing cash transfer system.
Second, as an essential ingredient for economic development, Nigeria needs an effective budget framework. Delivering effective investments in people and infrastructure requires realistic budget assumptions, strong expenditure management, and transparent implementation and reporting—which, in turn, can strengthen accountability. For its part, monetary policy should continue to decisively tackle inflation and reduce economic uncertainty.
Third, the government should continue to increase domestic revenues. This is essential given Nigeria’s substantial funding needs in growth-enabling areas such as agriculture, infrastructure, including access to electricity, and climate adaptation. The government’s tax reforms will make it easier to pay taxes and ensure that everyone who owes taxes pays them. Over time, once the ongoing cost-of-living crisis abates and the cash transfer system is fully operational, there will be room to align tax rates with those in neighboring countries. For now, the share of revenue that goes to interest spending leaves too little for investment in people and infrastructure. It is therefore critical that the substantial financial savings from the removal of fuel subsidies flow to the government to fund priority spending.
Nigeria’s potential is beyond doubt but achieving it will require continued reforms and an effective social safety net to carry the most vulnerable along.
Increasing revenues, establishing an effective budget framework, and scaling up the cash transfer system can all support Nigeria’s progress
Over the past two years, Nigeria—Africa’s most populous country—has implemented difficult reforms to tackle long-standing obstacles weighing on the economy. While the reforms are starting to show results, poverty and food insecurity remain high, and the uncertain global environment presents additional challenges. As discussed in our latest annual economic health check of the West African nation, the right policies can help Nigeria realize its potential as an African and global economic powerhouse.
A difficult starting point
Upon taking office in 2023, the new government faced low growth and rising poverty. Between 2014 and 2023, real per capita GDP declined on average by 0.7 percent annually. In 2023, the poverty rate stood at 42 percent. This difficult situation was compounded by limited access to dollars, which meant that people had to turn to the parallel currency market and thereby pay a much higher price than the official rate. In the meantime, public finances were strained by an opaque fuel subsidy system, which also caused recurrent petrol scarcity. And central bank financing of the fiscal deficit pushed up inflation.
In response to these challenges, Nigerian policymakers have embarked on a series of bold reforms over the last two years. In 2023 the new government and the Central Bank of Nigeria liberalized the foreign exchange market, stopped central bank financing of the fiscal deficit, and reformed fuel subsidies. The government also strengthened revenue collection, which is still one of the world’s weakest.
Since these reforms were implemented, international reserves have increased, and anyone can now access foreign exchange in the official market. Nigeria successfully returned to international capital markets last December and was recently upgraded by rating agencies. A new domestic, private refinery is positioning Nigeria up the value chain in a fully deregulated market.
The work continues
While progress has been encouraging, significant challenges remain. Inflation still exceeds 20 percent. Poor infrastructure, especially for electricity, inhibits economic activity. Poverty and food insecurity remain high. Nigeria lacks an effective social safety net to cushion the impact of shocks on the most vulnerable.
In addition, the global environment is posing new challenges with elevated uncertainty and high borrowing costs. Nigeria is especially affected by volatile international oil prices since oil revenues account for a large proportion of government revenues—a figure that stood at 30 percent in 2024.
Policy priorities
To address these challenges, Nigeria should focus on three key priorities:
First, the country needs stronger and more sustained growth to lift millions of people out of poverty and food insecurity, which is what the authorities are focusing on. This does not happen overnight. In the meantime, making growth more inclusive also requires scaling up the existing cash transfer system.
Second, as an essential ingredient for economic development, Nigeria needs an effective budget framework. Delivering effective investments in people and infrastructure requires realistic budget assumptions, strong expenditure management, and transparent implementation and reporting—which, in turn, can strengthen accountability. For its part, monetary policy should continue to decisively tackle inflation and reduce economic uncertainty.
Third, the government should continue to increase domestic revenues. This is essential given Nigeria’s substantial funding needs in growth-enabling areas such as agriculture, infrastructure, including access to electricity, and climate adaptation. The government’s tax reforms will make it easier to pay taxes and ensure that everyone who owes taxes pays them. Over time, once the ongoing cost-of-living crisis abates and the cash transfer system is fully operational, there will be room to align tax rates with those in neighboring countries. For now, the share of revenue that goes to interest spending leaves too little for investment in people and infrastructure. It is therefore critical that the substantial financial savings from the removal of fuel subsidies flow to the government to fund priority spending.
Nigeria’s potential is beyond doubt but achieving it will require continued reforms and an effective social safety net to carry the most vulnerable along.
****
Axel Schimmelpfennigis the IMF’s mission chief to Nigeria and an assistant director in the IMF’s African Department.Christian Ebekeis the IMF’s resident representative in Nigeria.
Nasdaq Copenhagen Euronext Dublin London Stock Exchange Danish Financial Supervisory Authority Other stakeholders
Date 7 July 2025
Share buyback programme–week 27
The share buyback programme runs in the period 2 June 2025 up to and including 30 January 2026, see company announcement of 2 June 2025.
During the period the bank will thus buy back its own shares for a total of up to DKK 1,000 million under the programme, but to a maximum of 1,600,000 shares.
The programme is implemented in compliance with EU Commission Regulation No. 596/2014 of 16 April 2014 and EU Commission Delegated Regulation No. 2016/1052 of 8 March 2016, which together constitute the “Safe Harbour” regulation.
The following transactions have been made under the programme:
Date
Number of shares
Average purchase price (DKK)
Total purchased under the programme (DKK)
Total in accordance with the last announcement
104,200
1,351.29
140,804,255
30 June 2025
4,000
1,385.75
5,543,000
1 July 2025
4,300
1,373.36
5,905,448
2 July 2025
4,000
1,381.32
5,525,280
3 July 2025
4,000
1,399.23
5,596,920
4 July 2025
4,000
1,390.10
5,560,400
Total under the share buyback programme
124,500
1,356.91
168,935,303
Bought back under share buyback programme executed in the period 28 January 2025 – 28 May 2025
414,200
1,207.12
499,988,706
Total bought back
538,700
1,241.74
668,924,009
With the transactions stated above, Ringkjøbing Landbobank now owns the following numbers of own shares, excluding the bank’s trading portfolio and investments made on behalf of customers:
538,700 shares under the above share buyback programmes corresponding to 2.12 % of the bank’s share capital.
In accordance with the above regulation etc., the transactions related to the share buyback programme on the stated reporting days are attached to this corporate announcement in detailed form.
Kind regards
Ringkjøbing Landbobank
John Fisker CEO Detailed summary of the transactions on the above reporting days
Nasdaq Copenhagen Euronext Dublin London Stock Exchange Danish Financial Supervisory Authority Other stakeholders
Date 7 July 2025
Share buyback programme–week 27
The share buyback programme runs in the period 2 June 2025 up to and including 30 January 2026, see company announcement of 2 June 2025.
During the period the bank will thus buy back its own shares for a total of up to DKK 1,000 million under the programme, but to a maximum of 1,600,000 shares.
The programme is implemented in compliance with EU Commission Regulation No. 596/2014 of 16 April 2014 and EU Commission Delegated Regulation No. 2016/1052 of 8 March 2016, which together constitute the “Safe Harbour” regulation.
The following transactions have been made under the programme:
Date
Number of shares
Average purchase price (DKK)
Total purchased under the programme (DKK)
Total in accordance with the last announcement
104,200
1,351.29
140,804,255
30 June 2025
4,000
1,385.75
5,543,000
1 July 2025
4,300
1,373.36
5,905,448
2 July 2025
4,000
1,381.32
5,525,280
3 July 2025
4,000
1,399.23
5,596,920
4 July 2025
4,000
1,390.10
5,560,400
Total under the share buyback programme
124,500
1,356.91
168,935,303
Bought back under share buyback programme executed in the period 28 January 2025 – 28 May 2025
414,200
1,207.12
499,988,706
Total bought back
538,700
1,241.74
668,924,009
With the transactions stated above, Ringkjøbing Landbobank now owns the following numbers of own shares, excluding the bank’s trading portfolio and investments made on behalf of customers:
538,700 shares under the above share buyback programmes corresponding to 2.12 % of the bank’s share capital.
In accordance with the above regulation etc., the transactions related to the share buyback programme on the stated reporting days are attached to this corporate announcement in detailed form.
Kind regards
Ringkjøbing Landbobank
John Fisker CEO Detailed summary of the transactions on the above reporting days
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
KUALA LUMPUR, July 7 (Xinhua) — The BRICS grouping, which has proven itself to be a strong and principled force, represents an opportunity to shape a more balanced and fair international order, Malaysian Prime Minister Anwar Ibrahim said.
The Prime Minister said in a statement that existing international institutions need to be reformed to reflect the changing global reality and take into account the aspirations of developing countries.
“I also call for a major overhaul of global institutions such as the UN, the International Monetary Fund, the World Bank and the World Trade Organization so that they better reflect modern realities and the needs of developing countries, rather than remaining within the outdated structures that emerged after World War II,” he said.
A. Ibrahim, who attended the 17th BRICS summit in Brazil, also noted that the association should strengthen economic cooperation both among member countries and with other regional associations such as the Association of Southeast Asian Nations (ASEAN).
“BRICS and ASEAN members should also continue to strengthen strategic cooperation, including expanding intra-regional trade and investment for mutual benefit of developing countries,” he stressed. –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.