NewzIntel.com

Category: Business

  • MIL-OSI China: Trump signs executive order modifying tariff rates with dozens of trading partners

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

    U.S. President Donald Trump steps off Marine One upon his arrival at the White House in Washington, D.C., the United States, on July 29, 2025. [Photo/Xinhua]

    U.S. President Donald Trump on Thursday signed an executive order further modifying tariff rates with nearly 70 trading partners.

    The order hereby imposes “additional ad valorem duties on goods of certain trading partners.”

    Most of the new tariff rates range from 10 percent to 40 percent, according to an annex to the release from the White House.

    The new tariff rates will take effect seven days after the date of the executive order with exceptions on logistical grounds.

    Trump noted in the executive order that some U.S. trading partners, despite having engaged in negotiations, have offered terms that do not sufficiently address “imbalances” in trading relationship or have failed to align sufficiently with the United States on “economic and national security matters.”

    “There are also some trading partners that have failed to engage in negotiations with the United States or to take adequate steps to align sufficiently with the United States on economic and national security matters,” he said.

    According to the order, the U.S. Secretary of Commerce and the Secretary of Homeland Security, together with other senior officials, shall publish every six months a list of countries and specific facilities used in circumvention schemes, to inform public procurement, national security reviews, and commercial due diligence.

    In addition, major U.S. governmental agencies are directed and authorized to take “all necessary actions” to implement and effectuate this order, consistent with applicable law, including through temporary suspension or amendment of regulations or notices.

    MIL OSI China News –

  • MIL-OSI USA: Markey Builds Bipartisan Momentum with Reintroduction of His Warehouse Worker Protection Act

    US Senate News:

    Source: United States Senator for Massachusetts Ed Markey

    Bill Text (PDF)

    Washington (July 31, 2025) – Senator Edward J. Markey (D-Mass.), member of the Health, Education, Labor, and Pensions (HELP) Committee, along with Senators Tina Smith (D-Minn.) and Josh Hawley (R-Mo.) and Representatives Donald Norcross (NJ-01), Mike Lawler (NY-17), and Haley Stevens (MI-11), today reintroduced the bipartisan, bicameral Warehouse Worker Protection Act, legislation to prohibit dangerous speed quotas and that threaten warehouse worker safety and lead to high injury rates. The legislation is cosponsored by Senators Roger Marshall (R-Kan.), Bernie Sanders (I-Vt.), Alex Padilla (D-Calif.), Richard Blumenthal (D-Conn.), Peter Welch (D-Vt.), Elizabeth Warren (D-Mass.), and Chris Murphy (D-Conn.).

    Major corporations often institute speed and productivity quotas for warehouse workers that force workers past their physical limits, leading to high injury rates. One in 15 Amazon warehouse workers is injured at work seriously enough to need days off or light duty to recover. Nearly 2 million Americans work in warehouses nationwide.

    The Warehouse Worker Protection Act would institute the basic standards necessary to ensure all workers experience a safe and dignified workplace. The bill would prohibit the use of dangerous speed quotas that rely on intrusive surveillance, interfere with workers’ ability to use the bathroom and take guaranteed breaks, and push workers past safe physical limits. The bill would also prohibit measures that prevent workers from exercising their right to unionize.

    “Workers deserve to clock in knowing they will return home safe and healthy at the end of their shift. The Warehouse Worker Protection Act would protect the basic health and dignity of workers from corporate bosses who time and again have prioritized unfettered greed and profit over their own people,” said Senator Markey. “I am proudly in solidarity with nearly two million warehouse workers nationwide in the fight to ensure that their rights, safety, and dignity are protected.”

    “Corporations need to prioritize their workers’ safety and well-being over profits. This bipartisan legislation will hold the warehouse industry accountable while combatting the industry’s worst practices. It’s time to put workers’ safety first and treat them with the dignity they deserve,” said Senator Hawley.

    “Corporate profits should never be placed above the safety and dignity of American workers,” said Senator Smith. “The Warehouse Worker Protection Act ends secret, aggressive productivity metrics and surveillance methods used by major companies, and instead puts power back in the hands of the workers who experience these conditions every day. Workers should never have to choose between their health and their next paycheck, and should not be harmed in service of corporate greed – this bill takes an important step in establishing safe, just workplaces for all.”

    “In 2022, three New Jersey warehouse workers tragically died on the job within weeks of each other, bringing attention to working conditions and injury rates in warehouses. Businesses can keep workers safe and earn a profit, but that’s only possible with more transparency and accountability,” said Congressman Norcross. “As a former electrician, I know firsthand what it’s like to lose a coworker on the job. The Warehouse Worker Protection Act takes necessary steps to ensure everyone can come home from work safely.”

    “Amid the vast expansion of shipping and online shopping, the warehouse workers keeping this economy moving have been left behind,” said Senator Marshall. “For too long, companies have been implementing outlandish quotas, cutting into workers’ rights and leading to injuries. That ends with this bill. I’m proud to support Senator Markey in providing proper protections for workers, ending the fear of abusive quotas.”

    “Amazon and other abusive warehouse employers are squeezing their workers for every penny of profit, leaving behind tired and broken bodies,” said Teamsters General President Sean M. O’Brien. “These corporate criminals are destroying good jobs in an industry that once supported a strong middle class. But one thing stands in their way—that’s the Teamsters Union, along with a bipartisan coalition of lawmakers who understand what’s at stake. It’s time to pass the Warehouse Worker Protection Act and put workers’ safety over corporate profits.”

    “Everyone deserves a guarantee of safety and dignity on the job, but retail giants like Amazon are raking in record profits on the backs of their workers, subjecting them to incredibly high rates of injury, unsustainable pace pressures, and punitive surveillance systems,” said Patricia Stottlemyer, Labor Rights Policy Lead at Oxfam America. “The re-introduction of the Warehouse Worker Protection Act is a critical step toward finally securing the safeguards and protections that these workers desperately need.”

    “Every day, we face unrealistic quotas and unsafe conditions just to keep our jobs at Amazon. The Warehouse Worker Protection Act gives us hope that our lives and safety will finally matter more than productivity rates. We fought for this law — and with support from Awood Center and national coalitions like Athena, we made it happen. Now we need Amazon to comply with the law or face consequences. It’s been in effect for a year, and they’re still falling short,” said an Amazon warehouse worker, supported by Awood Center, a worker center in Minnesota that uplifts East African immigrant workers.

    “At a time when Amazon warehouse workers like me are being injured at twice the rate as workers at other warehouses, this bill is a monumental step forward to holding companies like Amazon accountable and finally getting the workplace protections we deserve,” said Ronald “Mr. Ron” Sewell, an Amazon associate at ATL6 in Georgia and leader with United for Respect. “My coworkers and I are constantly putting our safety at risk to meet Amazon’s backbreaking productivity quotas, and we’ve had enough. Our lives are not expendable – we need real change to improve safety on the job, and this bill will help make that a reality.”

    “For too long, multi-billion dollar corporations like Walmart and Amazon have gotten away with forcing warehouse workers to meet unreasonable daily quotas — leading to countless injuries on the job — just so they can grow their profits. It’s long past time for that to change,” said Terrysa Guerra, Co-Executive Director of United for Respect. “These protections for warehouse workers will usher in a new era of accountability for these companies, and most importantly, will help improve workplace safety for hundreds of thousands of low-wage warehouse workers. United for Respect is thrilled to support this legislation.”

    “We’ve seen that when workers try to meet unattainable distribution center quotas, they get hurt; when they file for workers comp for their injuries, they get denied or fired. The Warehouse Worker Protection Act will protect workers from harm and blatant violation of their rights in an industry that treats them as expendable, and lead to safer, more dignified working conditions for the people who make life easier for the rest of us. Since New York’s version of this law went into effect in June, warehouse workers have already been feeling more secure in their rights. That’s something every single worker in the country deserves to feel—and why it’s so important that we pass the federal Warehouse Worker Protection Act as soon as possible,” said Vanessa Cid, Labor Organizer at For the Many.

    “Amazon’s greed has created a nationwide worker injury crisis as they put profit over people time and time again,” said Theodore A. Moore, Executive Director of ALIGN, leader of the New Yorkers for a Fair Economy coalition. “We’re proud of the work we’ve done to regulate warehouse safety in New York, but it’s time to take federal action and ensure that one of the richest companies in the world keeps their workers safe everywhere. We applaud Senator Markey’s leadership and urge Governor Hochul to lead the way with strong enforcement of New York’s Warehouse Worker Injury Reduction Act.”

    “We are facing a workplace injury crisis in warehouses across America,” said Irene Tung, Senior Researcher and Policy Analyst at the National Employment Law Project. “NELP’s research has found that the digital surveillance and disciplinary practices at companies like Amazon create a climate of fear for workers and astronomically high injury rates at warehouses. We urgently need the Warehouse Worker Protection Act to rein in these abuses and support workers’ right to organize for autonomy and safety on the job.”

    The Warehouse Worker Protection Act is endorsed by the International Brotherhood of Teamsters, the National Employment Law Project (NELP), the Athena Coalition, and Oxfam America.

    In May 2024, Senator Markey, along with Senator Smith and then Senator Bob Casey (D-Pa.), first introduced the Warehouse Worker Protection Act. In September 2024, Senator Markey celebrated the bipartisan momentum growing behind the bill.

    MIL OSI USA News –

  • MIL-OSI New Zealand: Statement by Minister McClay following US tariff announcement

    Source: New Zealand Government

    The United States has confirmed that tariffs on New Zealand exports will increase from 10 per cent to 15 per cent from 7 August, placing us alongside other key US trading partners including Japan and South Korea.

    Trade and Investment Minister Todd McClay says, this decision appears to be based on a calculation of trade deficits, with countries running a surplus with the US moved to the higher rate. In New Zealand’s case, the surplus is modest, around US$500 million, and is not overly significant in the context of the US economy.

    Over the past decade, our trade relationship with the US has seen periods where the US enjoyed a significant surplus and times, like now, when New Zealand has a modest one. Overall, our trade is balanced and complementary, reflecting the strength of a long-standing partnership.

    “I am seeking an urgent call with the US Trade Representative to make New Zealand’s position clear: this increase risks harming exporters and consumers of both countries. The US currently faces an average tariff of just 0.8 per cent when exporting to New Zealand, far lower than what we face into their market,” Mr McClay says. 

    “New Zealand exports around $9 billion of goods to the US annually. At 15 per cent, the impact will be considerable for exporters, many of whom absorbed or passed on the earlier 10 per cent rate. At 15 per cent, that becomes much harder.  

    “Our focus now moves to engaging directly with the US on this current announcement to seek changes to this decision.

    “New Zealand has always stood for open, rules-based trade. We will continue to advocate strongly for a resolution that supports our exporters and maintains the strength of our trading relationship with the United States.”

    MIL OSI New Zealand News –

  • Nifty, Sensex open lower as new Trump tariffs take effect

    Source: Government of India

    Source: Government of India (4)

    Indian equity markets opened lower on Friday, tracking weak global cues following the announcement of new tariffs by former U.S. President Donald Trump. The pharmaceutical sector bore the brunt, with the Nifty Pharma index falling 2.75 per cent.

    At 9:25 AM, the Nifty 50 was down 51 points or 0.21 per cent at 24,716, while the BSE Sensex had declined 179 points or 0.22 per cent, trading at 81,005.

    In the broader market, both the BSE MidCap and BSE SmallCap indices posted marginal gains of 0.05 per cent.

    Among sectoral indices, Nifty FMCG stood out as the sole gainer, rising 1.46 per cent. Meanwhile, Nifty IT slipped 0.80 per cent and Nifty Metal declined 0.99 per cent, in addition to sharp selling in pharma stocks.

    Within the Nifty 50 pack, Hindustan Unilever (HUL) was the top gainer, rising 4.45 per cent, followed by Tata Consumer Products, Hero MotoCorp, Maruti Suzuki, and Trent. On the losing side, Dr. Reddy’s Laboratories led with a 1.41 per cent decline, followed by Cipla, ONGC, Larsen & Toubro, and Tata Steel.

    “Despite Nifty’s bounce yesterday, the index remains vulnerable unless it sustains a move above the 24,800 mark. A close above this level could potentially open the path toward 25,000. On the downside, immediate support lies at 24,600, followed by 24,500,” said Hardik Matalia, Derivatives Analyst at Choice Equity Broking.

    “As elevated volatility and conflicting technical signals prevail, traders are advised to follow a cautious ‘sell-on-rise’ approach, especially when using leverage. Book partial profits during rallies and maintain tight trailing stop-losses. Fresh long positions should only be considered if the Nifty sustains above 25,000,” he added.

    On July 31, former U.S. President Donald Trump signed an executive order imposing revised “reciprocal” tariffs on several countries including Syria, Laos, South Africa, and Myanmar. The new tariff rates, ranging from 10 per cent to 41 per cent, are set to take effect from August 7.

    Strong earnings from U.S. tech giants Microsoft and Meta Platforms failed to lift Wall Street. The S&P 500 fell 0.37 per cent, marking its third straight day of losses. The Dow Jones Industrial Average declined 0.74 per cent, while the Nasdaq Composite remained flat with a marginal dip of 0.03 per cent.

    “In the near term, markets will be influenced by tariff-related developments. Since the implementation date is August 7, affected countries still have time to negotiate for revisions. Yesterday’s market behavior indicates that investors view the 25 per cent tariff as a short-term issue,” said Dr. V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

    Asian markets also opened weak. South Korea’s Kospi led the regional decline with a 2.94 per cent fall, followed by Japan’s Nikkei 225, which dropped 0.38 per cent. Shanghai Composite shed 0.10 per cent, while Hong Kong’s Hang Seng Index edged up 0.13 per cent.

    On the institutional front, foreign institutional investors (FIIs) extended their selling streak for a ninth consecutive session, offloading equities worth ₹5,588 crore on July 31. In contrast, domestic institutional investors (DIIs) remained net buyers for the 19th straight session, investing ₹6,372 crore.

    -IANS

  • MIL-OSI: BW Energy: Second quarter and first half 2025 results 

    Source: GlobeNewswire (MIL-OSI)

    BW Energy delivered strong operational performance in the first half of 2025, driven by high production uptime, competitive cost levels, and a solid safety record with zero lost time incidents. The Company’s project portfolio continues to advance, with final investment decisions taken on both the Maromba development and the Golfinho Boost project. In addition, a substantial oil discovery was made at the Bourdon prospect in the Dussafu area, further expanding BW Energy’s resource base. Backed by strong cash generation and a resilient financial structure, BW Energy is well placed to drive growth and create long-term shareholder value. 

    HIGHLIGHTS 

    Strong operational performance 

    • H1 2025 net production of 6.2 (4.6) million barrels, equal to 34.2 (25.4) kbopd  
    • Operating cost1 of USD 18.3 (26.2) per barrel and zero lost time incidents 
    • Assumed operatorship of the BW Adolo FPSO 

     Successfully developing and increasing the resource base 

    • Final investment decision made on Maromba and Golfinho Boost projects 
    • Substantial oil discovery of 25 mmbbls in the Bourdon prospect  

    Robust financial results 

    • H1 2025 EBITDA of USD 281.1 (185.8) million and net profit of USD 109.7 (61.9) million 
    • Q2 2025 EBITDA of USD 99.0 million and net profit of USD 26.7 million 
    • Operating cash flow of USD 162.0 (85.1) million  
    • Cash position of USD 192.9 (244.2) million at 30 June 
    • New and upsized RBL facility up to USD 500 million


    2025 guidance unchanged 

    • Production: 11-12 mmbbls (30-32 kbopd) 
    • Operating cost1: USD 18-22 per barrel 
    • CAPEX: USD 650-700 million 
    • G&A: USD 19-22 million 

     (Numbers in parenthesis refer to H1 2024) 

    1) Operating costs exclude royalties, tariffs, workovers, crude oil purchases for domestic market obligations, production sharing costs in Gabon, and incorporates the impact of IFRS 16 adjustments 

    Comment from the CEO of BW Energy, Carl Arnet:  

    “BW Energy delivered a strong first half of 2025, with production above the upper end of our guidance range and operating costs at significantly more competitive levels than in 2024. This reflects continued focus on safe, efficient operations and disciplined cost management across the portfolio.

    During the period, we moved key development projects into execution, marking an important step forward in our growth strategy. The Maromba development in Brazil is now underway and will be transformative for BW Energy, increasing production to more than 90,000 barrels per day in 2028.

    Furthermore, we strengthened our portfolio, confirming new resources at the Bourdon prospect in the Dussafu licence. These are highly profitable barrels that highlight our strategy of leveraging existing infrastructure and pursuing fast‑track developments to accelerate value creation.

    Our financial foundation remains robust, with low leverage and strong underlying cash generation. This gives us the resilience to navigate market volatility while continuing to deliver growth and long‑term value for our shareholders.”


    Please find attached the report for the first half of 2025 and the second quarter presentation. 

    The report, presentation, excel data book and webcast will be available on:

    www.bwenergy.no/investors/reports-and-presentations 

    CONFERENCE CALL/WEBCAST  

    BW Energy will today hold a conference call followed by a Q&A hosted by CEO Carl K. Arnet and CFO Brice Morlot at 14:00 CEST.  

    The presentation may also be followed via webcast on:  

    https://events.webcast.no/viewer-registration/qQC1bQEB/register  

    Please note, that if you follow the webcast via the above URL, you will experience a 30 second delay compared to the main conference call. The web page works best in an updated browser – Chrome is recommended. 

    Conference call information:  

    To dial in to the conference call where the second quarter results and Q&A will be hosted, please dial in to one of the following numbers:  

    Participants dial in numbers: 

    DK: +45 7876 8490 
    SE: +46 8 1241 0952 
    NO: +47 2195 6342 
    UK: +44 203 769 6819 
    US: +1 646-787-0157 
    Singapore: 65-3-1591097 
    France: 33-1-81221259 
     
    Conference code: 980877  

    For further information, please contact: 

    Martin Seland Simensen, VP Investor Relations

    +47 416 92 087  

    Martin.simensen@bwenergy.no 

    About BW Energy: 

    BW Energy is a growth E&P company with a differentiated strategy targeting proven offshore oil and gas reservoirs through low risk phased developments. The Company has access to existing production facilities to reduce time to first oil and cashflow with lower investments than traditional offshore developments. The Company’s assets are 73.5% of the producing Dussafu Marine licence offshore Gabon, 100% interest in the Golfinho and Camarupim fields, a 76.5% interest in the BM-ES-23 block, a 95% interest in the Maromba field in Brazil, a 95% interest in the Kudu field in Namibia, all operated by BW Energy. In addition, BW Energy holds approximately 7% of the common shares in Reconnaissance Energy Africa Ltd. and a 20% non-operating interest in the onshore Petroleum Exploration License 73 (“PEL 73”) in Namibia. Total net 2P+2C reserves and resources were 599 million barrels of oil equivalent at the start of 2025.  

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

    Attachments

    The MIL Network –

  • MIL-OSI Economics: Result of Underwriting Auction conducted on August 01, 2025

    Source: Reserve Bank of India

    In the underwriting auction conducted on August 01, 2025, for Additional Competitive Underwriting (ACU) of the undernoted Government securities, the Reserve Bank of India has set the cut-off rates for underwriting commission payable to Primary Dealers as given below:

    Nomenclature of the Security Notified Amount
    (₹ crore)    		 Minimum Underwriting Commitment (MUC) Amount
    (₹ crore)    		 Additional Competitive Underwriting Amount Accepted
    (₹ crore)    		 Total Amount underwritten
    (₹ crore)    		 ACU Commission Cut-off rate
    (Paise per ₹100)
    6.68% GS 2040 16,000 8,001 7,999 16,000 0.23
    6.90% GS 2065 16,000 8,001 7,999 16,000 0.28
    Auction for the sale of securities will be held on August 01, 2025.

    Ajit Prasad          
    Deputy General Manager
    (Communications)    

    Press Release: 2025-2026/821

    MIL OSI Economics –

  • MIL-OSI Economics: Result of the 7-day Variable Rate Reverse Repo (VRRR) auction held on August 01, 2025

    Source: Reserve Bank of India

    Tenor 7-day
    Notified Amount (in ₹ crore) 2,00,000
    Total amount of offers received (in ₹ crore) 1,71,795
    Amount accepted (in ₹ crore) 1,71,795
    Cut off Rate (%) 5.49
    Weighted Average Rate (%) 5.49
    Partial Acceptance Percentage of offers received at cut off rate NA

    Ajit Prasad          
    Deputy General Manager
    (Communications)    

    Press Release: 2025-2026/822

    MIL OSI Economics –

  • Manufacturing to research, India playing key role in new foldable series: Samsung

    Source: Government of India

    Source: Government of India (4)

    From local manufacturing to research and development, India has a significant role in the development of the new foldable series, JB Park, President and CEO, Samsung Southwest Asia, said on Friday.

    According to him, the company engineers from the Bengaluru R&D facility have contributed significantly in the development of new Z Fold7 and the Z Flip7 devices.

    “I am happy to share that these new phones are being manufactured at our Noida factory,” Park said.

    “Our latest foldables represent the next leap in smartphone innovation. They are the thinnest and lightest Galaxy Z series designs yet. They deliver cutting-edge performance and come with seamless Galaxy AI integration,” added Park.

    The company received a record 210,000 pre-orders for its seventh generation foldables – Galaxy Z Fold7, Galaxy ZFlip7 and Galaxy Z Flip7 FE – in just 48 hours in India – signalling rapid mainstreaming of the foldable form factor in the country.

    The ‘Made in India’ Galaxy Z Fold7 is surprisingly gaining significant traction from not only tier 3 markets, but also tier 4 and beyond, amid a resilient economy and rising aspirations across the country, the company informed.

    Park said the new devices will “help us mainstream the foldables in India”.

    “Galaxy Z Fold7 delivers the Ultra experience in the thinnest, lightest and most advanced Fold yet. Galaxy Z Flip7 packs flagship power, intelligence and personality into a compact and iconic form,” he mentioned.

    On AI, he said that today, on-device AI is independent of being in the cloud or a third-party source.

    “But tomorrow, I think it’s more of how people are using the AI. Like in India, you have so many dialects that you need someone to interpret. Tomorrow, it will all be done simultaneously on the devices. So you don’t have to memorise things. You don’t have to have an opinion of a lawyer or doctor. You just can have a massive intelligence that’s connected on your device to a cloud that can guide you to a better solution. I think that’s how the technology will evolve,” said Park.

    (IANS)

  • MIL-OSI: Azerion Announces New Role for Co-Founder Atilla Aytekin

    Source: GlobeNewswire (MIL-OSI)

    Amsterdam, 1 August 2025 – Azerion today announces that, after stepping aside from his responsibilities as co-CEO in March 2023, Atilla Aytekin, Co-Founder and current member of the Management Board, has decided to transition to the position of advisor to the Executive Committee and the strategy team.

    Atilla Aytekin co-founded Azerion in 2014 and has played a central role in building the company into one of Europe’s leading digital advertising and media platforms. His vision and leadership have been instrumental in Azerion’s growth, global expansion, and successful listing on Euronext Amsterdam.

    “On behalf of the entire company and the Supervisory Board, I would like to thank Atilla for his remarkable contribution to Azerion over the past decade,” said Wim de Pundert, Chair of the Supervisory Board. “His deep knowledge of the industry and entrepreneurial spirit will continue to benefit Azerion in his new advisory capacity.”

    Mr. Aytekin will remain closely involved with the business as a trusted strategic advisor, providing continuity and guidance as Azerion continues to execute its long-term growth strategy.

    “I’m incredibly proud of what we have built at Azerion,” said Atilla Aytekin. “This is the right moment for me to step up and support the company from a more strategic perspective. I have full confidence in the leadership team and the future of the company.”

    About Azerion
    Founded in 2014, Azerion (EURONEXT: AZRN) is one of Europe’s largest digital advertising and entertainment media platforms. Azerion brings global scaled audiences to advertisers in an easy and cost-effective way, delivered through our proprietary technology, in a safe, engaging, and high quality environment, utilizing our strategic portfolio of owned and operated content with entertainment and other digital publishing partners.

    Having its roots in Europe and with its headquarters in Amsterdam, Azerion has commercial teams based in 21 cities around the world to closely support our clients and partners to find and execute creative ways to make a real impact through advertising.

    For more information visit: www.azerion.com

    Contact:
    Investor Relations
    ir@azerion.com

    Media
    press@azerion.com

    This communication contains information that qualifies as inside information within the meaning of Article 7(1) of the EU Market A

    Attachment

    The MIL Network –

  • MIL-OSI: Notice of Extraordinary General Meeting on 15 September 2025

    Source: GlobeNewswire (MIL-OSI)

    Heemstede 1 August 2025, 8:00 am.

    Lavide Holding NV (“Lavide” or “Company”) is pleased to announce an Extraordinary General Meeting of Shareholders (‘EGM’) to be held on 15 September 2025.

    Key agenda items include:

    • the proposal to change the statutory name of the company to Triple Finance Group N.V.,
    • the introduction of new business activities aligned with the renewed strategy to further establish the Company as a stock-listed investment holding, and
    • a substantial increase in Lavide’s authorised share capital in support of the renewed strategy. 

    The agenda for the EGM, the convocation and supporting documents are being made public through the website of the company www.lavideholding.com.

    END OF PRESS RELEASE

    For further information on the information contained in this press release, please contact Thijs Groeneveld, CEO at contact@lavideholding.com.

    The MIL Network –

  • MIL-OSI: Atos – Half-year 2025 results on track. Full Year 2025 targets confirmed

    Source: GlobeNewswire (MIL-OSI)

    Press Release

    Half-year 2025 results on track
    Full Year 2025 targets confirmed

    • Significant progress in the execution of the Genesis transformation plan
      • Reset of cost base well engaged, already impacting profitability
      • Over 50% of the overall Genesis restructuring target incurred
        at the end of June
      • Growth pillar initial phase achieved to deliver long-term ambition
    • Operating Margin up 80 bps proforma from 2.0% to 2.8%, to €113m (+15.4% yoy) despite the material decline in revenue, as anticipated
      • Atos SBU: +1.7 pts to 5.7% driven by initial benefits from the restructuring plan and tight contract management
      • Eviden SBU: -1.7 pts to -7.9% – consistent with previously announced seasonality
    • Significant improvement in Free Cash Flow1to -€96m (including -€154m cash restructuring) from -€593m in H1 2024
    • H1 revenue at €4,020m, down 17.4% organically due to expected impact of contracts exit and low business traction in 2024.
    • Achieved a 10 pts yoy Book-to-Bill improvement reaching 83% despite soft market environment with:
      • Improved or flat order entry in all regions apart from France
      • Continued strategic deal wins with 11 large multi-year contracts signed vs. 5 in H1 2024. The positive commercial momentum is expected to continue in H2 2025
      • Rolling 12-month pipeline increased by €1.5bn in Q2 including €1.3bn in large deals (over €30m)
    • Full Year 2025 targets and long-term trajectory confirmed   
    • Share Purchase Agreement signed with the French State for the sale of Advanced Computing activities

    Paris, August 1st, 2025 – Atos, a leading provider of AI-powered digital transformation, today announces its half year 2025 financial results.

    Philippe Salle, Atos Group Chairman of the Board of Directors and Chief Executive Officer, declared:

    “In a challenging environment, I am very encouraged by the determination of our teams in rolling-out the Genesis transformation plan with no delay. The voluntary optimization of the Group cost base is already starting to show initial benefits as shown through our half-year results: the operating margin is improving by over 15% year-on-year, a positive momentum which we intend to pursue. Our limited cash consumption is reflecting our disciplined approach to cash management, and we notice a sheer increase in enthusiasm among our customers towards the strategic refocusing of the Group.
    We also reached a new significant milestone towards the sale of our Advanced Computing activities with the signature of a share purchase agreement with the French State.
    We are looking ahead to the rest of the year and beyond with confidence and a single focus: executing on our strategy. We remain strongly committed to our 2025 targets and our long-term financial trajectory.”

    H1 2025 performance highlights

    In € million H1 2025 H1 2024 Var.   H1 2024* Organic Var.
    Revenue 4,020  4,964 (944)   4,865 (845) 
    Operating Margin 113  115 (2)   98 +15
    In % of revenue 2.8% 2.3% +0.5 pts   2.0%  +0.8 pts
    OMDA 309  373 (64)      
    In % of revenue 7.7% 7.5% +0.2 pts      
    Net income – Group share  -696 -1,941 + 1,245      
    Free Cash Flow2 -96  -593 + 497      
    Net debt (excl. IFRS 9 adjustment) -1,681  -4,218 + 2,537      

    *: at constant scope and June 2025 average exchange rates

    Operational performance

    Group revenue reached 4,020 million euros in the first half 2025, reflecting a 17.4% organic decline compared to the first half of 2024, driven by 2024 contract losses and voluntary contract exits, especially in the Atos Strategic Business Unit (SBU) in the United States and the United Kingdom, as well as overall soft market environment. The Atos SBU generated revenue of 3,603 million euros, down 17.9% organically compared to the first half of 2024. The Eviden SBU revenue was down 11.9% compared to the first half of 2024, to 417 million euros in the first half of 2025.

    Group operating margin reached 113 million euros in the first half of 2025, representing an organic 15% increase compared to the first half of 2024 and 2.8% of revenue (compared to 2.0% in the first half of 2024), despite a 845 million revenue decline year-on-year. This performance demonstrates the initial benefits of the cost reduction measures engaged since the beginning of the year, especially in the Atos SBU where the operating margin improved 18% year-on-year. The Eviden SBU profitability was lower than last year, as expected, due to a strong seasonality throughout the year.

    Disclosure in this section represents the revised reporting structure of Atos Group, following the implementation of the new organization in the first half 2025 reporting period. These are those that will be presented in the consolidated financial statements for the first half of 2025, which will be included in the 2025 half year report. Atos has identified Atos France, Atos BNN Benelux & the Nordics, Atos UK&I, Atos USA & CA, Atos GACE, Atos IM, Atos Global Delivery Centers, Eviden and Global Structures as the operating segments, mirroring the internal reporting structure. This reflects the review, management and assessment of the group’s operating results by Group Management following the implementation of the new organization.

    In € million  H1 2025 Revenue H1 2024*   Revenue Organic variation H1 2025 OM H1 2024 OM* H1 2025 OM Organic variation*  
     
    ATOS 3,603 4,391 -17.9% 204 173 5.7% +18.2%  
    Germany, Austria & Central Europe 767 831 -7.6% 1 -11 0.1% ns  
    USA & Canada 695 978 -29.0% 70 92 10.1% -24.4%  
    France 591 663 -10.8% 13 9 2.1% +45.4%  
    UK & Ireland 583 821 -29,0% 50 48 8.6% +4.5%  
    International Markets 561 668 -16.0% 46 39 8.2% +18.8%  
    BNN Benelux & the Nordics 402 425 -5.4% 23 -1 5.6% ns  
    Global Delivery Centers 5 6 -18.7% 2 -3 0.1% ns  
    Eviden 417 474 -11.9% -33 -30 -7.9% +11.5%  
    Global Structures – – – -57 -45 -1.4% +28.8%  
    Group total 4,020 4,865 -17.4% 113 98 2.8% +15.4%  

     *: at constant scope and June 2025 average exchange rates

    Atos – Germany, Austria & Central Europe revenue was 767 million euros in the first half of 2025, representing a 7.6% organic decline compared to the first half of 2024 with a significant ramp down from a couple of large clients who implemented insourcing strategies. It also stemmed from managed exits from low profitability contracts. That was partially offset by successful fertilization and cross selling at existing clients.

    Operating margin improved by 140 basis points year-on-year despite the non-recurring treatment of some reorganization expenses in the first half of 2024. It reached breakeven in the first half of 2025 thanks to the restructured delivery of existing contract portfolio and benefits from cost-saving initiatives.

    Atos – USA & Canada revenue decreased by 284 million euros year-on-year on a proforma basis. This was driven essentially by 2024 large contract completions and ramp-downs as well as an uncertain macro and political environment. Churn on small size contracts was more than offset by growing activity at existing clients and new contracts during the period.

    Operating margin improved 60 basis points compared to the first half of 2024 despite the material impact from revenue fall thru, thanks to the Genesis-led margin optimization actions already in place. It stood at 70 million euros in the first half of 2025.

    Atos – France revenue reached 591 million euros in the first half of 2025, down 10.8% organically from the first half of 2024, due to high exposure to the recently muted public sector and the impact of financial restructuring on client perception in 2024.

    Operating margin improved by 80 basis points year-on-year thanks to the benefit of cost-cutting initiatives on indirect costs, an improved billability rate despite revenue decline and improving low profitability contract management, quality of delivery and automation.

    Atos – UK & Ireland revenue reached 583 million euros in the first half of 2025, down 29% organically year-on-year mostly as a result of planned large public sector BPO contracts completion in the fourth quarter of 2024.

    Operating margin improved 280 basis points compared to the first half of 2024. In absolute terms, it was stable year-on-year despite the sharp decrease in revenue, thanks to the restructuring of low profitability contracts, successful delivery of new business and an already visible impact from cost-saving initiatives.

    Atos – International Markets revenue was down 16% organically in the first half of 2025, to 561 million euros, mostly driven by softer performance in Asia Pacific, Switzerland and Major events that had benefited from the Olympics in the first half of 2024. That was partially offset by growing revenues in South America.

    Operating margin improved by 240 bps compared to the first half of 2024 and reached 46 million euros in the first half of 2025 (up 7 million year-on-year). The contribution from lost revenue was more than offset by improved productivity, benefits from the Genesis transformation plan and lower one-off costs year-on-year with Olympics-related marketing costs incurred in the first half of 2024.

    Atos – BNN, Benelux and the Nordics revenue stood at 402 million euros in the first half of 2025, down 5.4% organically compared to the first half of 2024 with churn partially offset by growing activity at existing clients.

    Operating margin turned positive in the first half of 2025, to 23 million euros, or 5.6% of revenues. This was driven by the ramp up of higher profitability contracts and positive contribution from the Genesis action plan and continued positive service and project delivery.

    Eviden revenue was 417 million euros in the first half of 2025, down 11.9% organically year-on-year, driven by the anticipated strong seasonality in Advanced Computing (down 10.9% compared to the first half of 2024).
    Operating margin was –33 million euros, compared to -30 million euros in the first half of 2024 again, due to the seasonality in Advanced Computing. Significant revenue and profit recognition is expected in the fourth quarter of 2025. On a full-year basis the business unit is expected to generate positive operating margin.

    Global Structures costs stood at -57 million euros in the first half of 2025, compared to -45 million euros in the first half of 2024, due to the non-recurring treatment of reorganization costs in the first half of 2024 and the UEFA marketing costs incurred centrally in the first half of 2025.

    Update on the Genesis plan execution

    At the Capital Markets Day that was held on May 14, 2025, the Group unveiled “Genesis”, its strategic and transformation plan for the next 4 years. It includes 22 workstreams regrouped under 7 pillars:

    • Growth
    • Human Resources
    • Countries review
    • Portfolio review
    • Gross Margin
    • Cost review
    • Cash

    During the first half of 2025 significant progress was achieved, including the following:

    • Growth transformation: it has now passed the initial phase with a new growth and sales teams operating model deployed in all geographies and centrally. That included the right sizing and upskilling of the teams and sales enablement initiatives as well as prioritization to ensure frontline excellence and support future growth ambition. With that, processes were streamlined and optimized, enabling the sales force to concentrate efforts on meeting client needs. It is anticipated to yield results from the second half onwards
    • Countries review: to sharpen the geographical focus as announced in the Capital Markets Day, the Group exited one country and formally launched disposal processes for additional non-core countries
    • Contract portfolio review: in the first half of 2025, the Group reduced its exposure to low margin contracts (ie contracts with a project margin below 5%) to only three significant ones (vs seven at the end of 2024), and totaling a c.16 million euros negative impact on operating margin compared to c.52 million euros in the first half of 2024
    • Delivery and G&A optimization: the billability rate improved from 76% to 79% during the first half, and the General & Administrative cost base was reduced by 10% compared to the same period last year. Overall, over 50% of the 3-year restructuring envelope of 700 million euros was incurred at the end of June. The total headcount was 69,597 at the end of the period

    Order entry and backlog

    Commercial activity

    Order entry reached €3.3 billion in H1 2025, slightly lower than the reported H1 2024 level, due to:

    • Muted commercial activity in France where significant organizational changes are being implemented to improve commercial efficiency, enrich our offering and secure long term business performance. All other regions delivered roughly flat or growing order entry in the first half of the year
    • The soft market environment observed in the last few months

    Book-to-bill ratio was 83% in the first half of 2025, up from 73% in the same period of 2024. Main contract signatures in the second quarter of 2025 included two 4+ years Digital workplace deals totaling 140 million euros (of which 100 million euros in North America and 40 million euros in the UK), a 5+ years 80 million euros mainframe deal with a North American wholesaler of technology products, a 4+ years 50 million euros Cybersecurity contract in the public sector in Belgium, and two 3+ years digital applications contracts in Europe for a cumulative amount of 90 million euros with a consumer goods player on one side and a public sector body on the other.

    Backlog & commercial pipeline

    At the end of June 2025, the full backlog reached €12 billion representing 1.5 years of revenue.
    The full qualified pipeline amounted to €4.1 billion at the end of June 2025, representing 6.1 months of revenue.

    Net income

    OOI
    Other operating income and expenses amounted to –566 million euros in the first half of 2025, compared to –1,819 million euros in the first half of 2024. It mostly included restructuring and other non-recurring charges in relation to the Genesis transformation plan, as well as litigation provisions.

    Financial income
    Net financial expense was -202 million euros in the first half of 2025, compared to -175 million euros in the first half of 2024, reflecting the new debt structure of the Group and the fair value adjustment of the net debt.

    Tax
    Tax charge stood at -41 million euros in the first half of 2025, compared to -62 million euros in the first half of 2024.

    Net result group share
    As a result of the above net result Group share was a loss of –696 million euros in the first half of 2025, compared to a loss of –1,941 million euros in the first half of 2024.

    Free cash flow

    Free cash flow for the period stood at –96 million euros for the period excluding changes in working capital actions (WCA), reflecting the following items:

    • Operating margin before depreciation and amortization (OMDA) of 309 million euros
    • Capex of –93 million euros, or 2.3% of revenues
    • Leases of –122 million euros
    • Change in working capital requirement (excluding WCA) of 167 million euros, mostly driven by lower activity in the first half of 2025
    • Cash restructuring of –154 million euros, in relation to the Genesis transformation plan
    • Tax paid of -13 million euros
    • Net cash cost of debt of –80 million euros, including 18 million euros of financial income
    • Other items for –109 millions, that included litigation and onerous contracts

    Net debt and debt covenants

    At June 30, 2025, net debt was 1,681 million euros (746 million euros including IFRS 9 debt fair value adjustment), compared to 1,238 million euros as of December 31, 2024 (275 million euros including IFRS 9 debt fair value adjustment), and mainly consisted of:

    • Cash and cash equivalents for 1,364 million euros
    • Borrowings for 3,057 million euros (nominal value, excluding PIK) or 2,186 million euros including IFRS 9 fair value adjustment and PIK

    The new credit documentation requires the Group to maintain:

    • from 31 March 2025, a minimum liquidity level of €650 million, to be verified at the end of each financial quarter
    • from 30 June 2027, as from each half-year end, a maximum level of financial leverage (“Total Net Leverage Ratio Covenant”), which is defined as the ratio of Financial indebtedness (mainly excluding IFRS 16 impacts and IFRS 9 debt fair value treatment) to pre-IFRS 16 OMDA; the ceilings thus applicable will be determined no later than 30 June 2026 with reference to a flexibility of 30% in relation to the Business Plan adopted by the Group at that time; these ceilings will in any event remain between 3.5x and 4.0x.

    As of June 30, 2025, the Group financial leverage ratio (as defined in glossary) was 4.0x.

    Outlook

    The Group confirms its full year 2025 targets:

    • c. 8.5 billion euros revenue3
    • around 4% operating margin
    • net change in cash4 before debt repayment of c. -350 million euros

    The long-term financial trajectory also remains unchanged.

    In 2026, the Group expects to generate positive organic growth and net change in cash4 before debt repayment and M&A.

    In 2028, with the assumption of a disposal of Advanced Computing in FY 2026 and a progressive reduction of its geographic footprint, the Group expects:

    • to grow revenues organically to between 8.5 and 9 billion euros, representing a 5-7% CAGR between 2025 and 2028. Strategic, targeted and disciplined M&A could further increase revenue to up to 9 to 10 billion euros
    • to reach an operating margin of around 10%, supported by cost reduction measures and structural visible growth, partially offset by an acceleration of R&D investments
    • to achieve a leverage ratio below 1.5x net debt/OMDAL5. On the path to an investment grade rating, the Group expects to achieve a BB profile in 2027

    Sale of Advanced Computing

    On July 31, 2025, Atos Group signed a share purchase agreement with the French State for the sale of its Advanced Computing business, excluding Vision AI activities, for an enterprise value (EV) of €410 million, including €110m earn-outs that are based on profitability indicators for fiscal years 2025 (€50 million potential earn-out that should be paid upon closing) and 2026 (€60 million additional potential earn-out). This EV is in line with the confirmatory offer received from the French State on June 2, 2025 which has been approved by Atos Group Board of Directors.

    Atos Advanced Computing business regroups the High-Performance Computing (HPC) & Quantum as well as the Business Computing & Artificial intelligence divisions. The transaction perimeter is expected to generate revenue of circa €0.8 billion in 2025.

    The French State will become the new shareholder of these activities, further supporting the business and its development over the long term.

    Social processes for the signing of the SPA agreement are closed. The transaction is expected to close over H1 2026 once the carveout is completed and relevant authorizations have been received.

    Interim condensed consolidated financial statements

    Atos Group Board of Directors in its meeting held on July 31, 2025, has reviewed the Group interim condensed consolidated financial statements closed at June 30, 2025. The Statutory Auditors have completed their usual limited review of the half-year condensed consolidated financial statements and issued their unqualified report.

    Conference call

    Atos Group’s Management invites you to attend the first half 2025 results conference call on Friday, August 1st, 2025, at 08:00 am (CET – Paris).

    You can join the webcast of the conference via the following link:

    https://edge.media-server.com/mmc/p/mz677p34

    If you want to join the conference by telephone, please register via this link:

    https://register-conf.media-server.com/register/BIc7cb4acc36ee4ddbbe4878cdc98936fa

    Upon registration, you will receive the dial-in info and a unique PIN to join the call as well as an email confirmation with the details.

    After the conference, a replay of the webcast will be available on atos.net, in the Investors section.

    Forthcoming events

    October 20, 2025 (After Market Close) Third quarter 2025 revenue

    APPENDIX

    H1 2024 revenue and operating margin at constant scope and exchange rates reconciliation

    For the analysis of the Group’s performance, revenue and OM for H1 2025 is compared with H1 2024 revenue and OM at constant scope and foreign exchange rates. Reconciliation between the H1 2024 reported revenue and OM, and the H1 2024 revenue and OM at constant scope and foreign exchange rates is presented below, by segment.

    H1 2024 revenue H1 2024 published Restatement H1 2024 restated Internal transfers Scope effects Exchange rates effects H1 2024*
    In € million
    ATOS 4,259 234 4,493 -3 -85 -13 4,391
    Germany, Austria & Central Europe 779 62 841 0 -11 0 831
    USA & Canada 949 38 987 0 0 -9 978
    France 686 39 725 -4 -58 0 663
    UK & Ireland 791 17 808 0 0 13 821
    International Markets 675 27 702 0 -16 -17 668
    BNN Benelux & the Nordics 375 49 424 1 0 0 425
    Global Delivery Centers 4 2 6 0 0 0 6
    Eviden 705 -234 471 3 0 0 474
    Global Structures –  – – – – – – 
    Group Total 4,964 0 4,964 0 -86 -13 4,865
    H1 2024 Operating Margin H1 2024 published Restatement H1 2024 restated Internal transfers Scope effects Exchange rates effects H1 2024*
    In € million
    ATOS 175 -1 174 1 -15 12 173
    Germany, Austria & Central Europe -16 2 -14 -2 -2 7 -11
    USA & Canada 97 0 96 0 0 -4 92
    France 14 -2 12 2 -10 5 9
    UK & Ireland 47 0 47 0 0 1 48
    International Markets 40 0 40 0 -3 2 39
    BNN Benelux & the Nordics -4 3 -1 -3 0 3 -1
    Global Delivery Centers -3 -3 -6 3 0 -1 -3
    Eviden -16 2 -14 -2 0 -13 -30
    Global Structures -44 -1 -45 1 0 -1 -45
    Group Total 115 0 115 0 -15 -2 98

    *: at constant scope and June 2025 average exchange rates

    Restatement corresponds to the transfer of Cybersecurity Services from Eviden to Atos.

    Scope effects amounted to €-86 million. They related to the divesture of Worldgrid in France, International Markets (Iberia) and Germany.

    Currency effects negatively contributed to revenue of -13 million. They mostly came from the depreciation of the US dollar, the Brazilian real, the Argentinian peso and the Turkish lira, partially compensated by the appreciation of the British pound.

    Q1 2024 revenue at constant scope and exchange rates reconciliation

    For the analysis of the Group’s performance, revenue for Q1 2025 is compared with Q1 2024 revenue at constant scope and foreign exchange rates.

    Q1 2024 revenue Q1 2024 published Restatement Q1 2024 restated Internal transfers Scope effects Exchange rates effects Q1 2024*
    In € million
    ATOS 2,155 118 2,273 -1 -43 22 2,251
    Germany, Austria & Central Europe 385 30 416 0 -6 0 410
    USA & Canada 474 20 493 0 0 15 509
    France 354 20 375 -2 -30 0 343
    UK & Ireland 410 9 419 0 0 10 430
    International Markets 339 14 352 0 -8 -4 341
    BNN Benelux & the Nordics 190 25 215 0 0 0 215
    Global Delivery Centers 2 1 3 0 0 0 3
    Eviden 324 -118 206 1 0 1 207
    Global Structures 0 0 0 0 0 0 0
    Group Total 2,479 0 2,479 0 -44 23 2,458

    * at constant scope and June 2025 average exchange rates

    Q2 2024 revenue at constant scope and exchange rates reconciliation

    For the analysis of the Group’s performance, revenue for Q2 2025 is compared with Q2 2024 revenue at constant scope and foreign exchange rates.

    Q2 2024 revenue Q2 2024 published Restatement Q2 2024 restated Internal transfers Scope effects Exchange rates effects Q2 2024*
    In € million 
    ATOS 2,105 116 2,220 -2 -42 -35 2,140
    Germany, Austria & Central Europe 394 31 425 0 -5 0 420
    USA & Canada 476 18 494 0 0 -24 470
    France 331 18 350 -2 -28 0 320
    UK & Ireland 380 9 389 0 0 2 391
    International Markets 337 13 350 0 -8 -13 327
    BNN Benelux & the Nordics 184 25 209 0 0 0 210
    Global Delivery Centers 2 1 3 0 0 0 3
    Eviden 381 -116 265 2 0 0 266
    Global Structures – – – – – – –
    Group Total 2,486 0 2,486 0 -42 -36 2,407

    * at constant scope and June 2025 average exchange rates

    Q1 2025 and Q2 2025 revenue according to the new Group reporting structure

    In € million  Q1 2025 Revenue Q1 2024*   Revenue Organic variation* Q2 2025 Revenue Q2 2024*   Revenue Organic variation*  
     
    ATOS 1,861 2,251 -17.3% 1,742 2,140 -18.6%  
    Germany, Austria & Central Europe 385 410 -6.1% 382 420 -9.1%  
    USA & Canada 370 509 -27.3% 324 470 -31.0%  
    France 304 343 -11.4% 287 320 -10.2%  
    UK & Ireland 302 430 -29.6% 280 391 -28.4%  
    International Markets 290 341 -14.8% 271 327 -17.1%  
    BNN Benelux & the Nordics 206 215 -4.4% 196 210 -6.4%  
    Global Delivery Centers 2 3 -10.6% 2 3 -23.9%  
    Eviden 208 207 0.1% 210 266 -21.3%  
    Global Structures – – – – – –  
    Group total 2,068 2,458 -15.9% 1,952 2,407 -18.9%  

    * at constant scope and June 2025 average exchange rates

    H1 2025 consolidated Profit & Loss Account

    (in € million) 6 months ended June 30, 2025 6 months ended June 30, 2024
    Revenue 4,020 4,964
    Personnel expense -2,115 -2,615
    Non-personnel operating expense -1,792 -2,235
    Operating margin 113 115
    % of revenue 2.8% 2.3%
    Other operating income and expense -566 -1,819
    Operating income (loss) -452 -1,704
    % of revenue -11.3% -34.3%
    Net cost of financial debt -162 -73
    Other financial expense -62 -135
    Other financial income 22 33
    Net financial income (expense) -202 -175
    Net income (loss) before tax -654 -1,879
    Tax charge -41 -62
    Net income (loss) -695 -1,941
    Of which:    
    ▪ attributable to owners of the parent -696 -1,941
    ▪ non-controlling interests 1 0

    H1 2025 Consolidated Cash Flow Statement

    in € million 6 months ended
    June 30, 2025    		 6 months ended
    June 30, 2024
    Net income (loss) before tax -654 -1,879
    Depreciation of fixed assets 134 125
    Depreciation of right-of-use 99 138
    Net addition (release) to operating provisions -1 -10
    Net addition (release) to financial provisions 6 28
    Net addition (release) to other operating provisions 199 -55
    Amortization of intangible assets (PPA from acquisitions) 12 29
    Impairment of goodwill and other non-current assets 24 1 570
    Losses (gains) on disposals of non-current assets 3 71
    Net charge for equity-based compensation – 3
    Unrealized losses (gains) on changes in fair value and other – -1
    Net cost of financial debt 162 73
    Interests on lease liability 15 19
    Net cash from (used in) operating activities
    before change in working capital requirement and taxes    		 -3 111
    Tax paid -13 -45
    Change in working capital requirement 43 -1 477
    Net cash from (used in) operating activities 28 -1,411
    Payment for tangible and intangible assets -93 -278
    Proceeds from disposals of tangible and intangible assets – 5
    Net operating investments -93 -273
    Amounts paid for acquisitions and long-term investments – -10
    Net proceeds from disposals of financial investments 1 -1
    Net long-term financial investments 1 -11
    Net cash from (used in) investing activities -92 -284
    Common stock issued 1 –
    Purchase and sale of treasury stock – -1
    Dividends paid* – -12
    Dividends paid to non-controlling interests – -2
    Lease payments -122 -159
    New borrowings – 470
    Repayment of borrowings – -10
    Interests paid -80 -53
    Other flows related to financing activities -6 -77
    Net cash from (used in) financing activities -207 155
    Increase (decrease) in net cash and cash equivalents -271 -1,540
    Opening net cash and cash equivalents 1,739 2,295
    Increase (decrease) in net cash and cash equivalents -271 -1,540
    Impact of exchange rate fluctuations on cash and cash equivalents -104 4
    Closing net cash and cash equivalents 1,364 759

    H1 2025 Balance Sheet

    (in € million) June 30,
    2025    		 December 31, 2024
    ASSETS    
    Goodwill 574 653
    Intangible assets 306 349
    Tangible assets 524 580
    Right-of-use assets 466 550
    Equity-accounted investments 12 12
    Non-current financial assets 98 131
    Deferred tax assets 213 184
    Total non-current assets 2,193 2,458
    Trade accounts and notes receivable 2,190 2,435
    Current taxes 90 102
    Other current assets 1,340 1,510
    Current financial instruments 0 2
    Cash and cash equivalents 1,364 1,739
    Total current assets 4,984 5,788
    TOTAL ASSETS 7,176 8,246
    (in € million) June 30,
    2025    		 December 31, 2024
    LIABILITIES AND SHAREHOLDERS’ EQUITY    
    Common stock 19 18
    Additional paid-in capital 1,887 1,887
    Consolidated retained earnings -1,302 -1,354
    Net income (loss) attributable to the owners of the parent -696 248
    Equity attributable to the owners of the parent -91 799
    Non-controlling interests 1 –
    Total shareholders’ equity -91 799
    Provisions for pensions and similar benefits 664 782
    Non-current provisions 465 345
    Borrowings 2,174 2,089
    Deferred tax liabilities 138 69
    Non-current lease liabilities 438 498
    Other non-current liabilities 4 3
    Total non-current liabilities 3,884 3,787
    Trade accounts and notes payable 971 1,018
    Current taxes 66 75
    Current provisions 386 315
    Current portion of borrowings 11 17
    Current lease liabilities 190 207
    Other current liabilities 1,759 2,028
    Total current liabilities 3,383 3,660
    TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY 7,176 8,246

    Glossary

    Operational capital employed: Operational capital employed comprises net fixed assets and net working capital but excludes goodwill and net assets held for sale.

    Current and non-current assets or liabilities: A current and non-current distinction is made between assets and liabilities on the consolidated statement of financial position. Atos has classified as current assets and liabilities those assets and liabilities that Atos expects to realize, use or settle during its normal cycle of operations, which can extend beyond 12 months following the period end. Current assets and liabilities, excluding the current portion of borrowings, lease liabilities and provisions, and current financial instruments represent the Group working capital requirement.

    DSO: (Days of Sales Outstanding). DSO is the amount of trade accounts receivable (including contract assets) expressed in days of revenue (on a last-in, first-out basis). The number of days is calculated in accordance with the Gregorian calendar.

    Organic growth: Organic growth represents the percent growth of a unit based on a constant scope and exchange rates basis.

    CAGR: The Compound Annual Growth Rate reflects the mean annual growth rate over a specified period of time longer than one year. It is calculating by dividing the value at the end of the period in question by its value at the beginning of that period, raise the result to the power of one divided by the period length, and subtract one from the subsequent result. As an example:

    2019-2021 revenue CAGR = (Revenue 2021 / Revenue 2018) (1/3) -1

    Operating margin: Operating margin equals to External Revenues less personnel and operating expense. It is calculated before Other Operating Income and Expense as defined below.

    Other operating income and expense: 

    Other operating income and expense include:

    • the amortization and impairment of intangible assets recognized as part of business combinations such as customer relationships, technologies and goodwill
    • when accounting for business combinations, the Group may record provisions in the opening statement of financial position for a period of 12 months beyond the business combination date. After the 12-month period, unused provisions arising from changes in circumstances are released through the income statement under “Other operating income and expense”
    • the cost of acquiring and integrating newly controlled entities, including earn out with or without presence conditions
    • the net gains or losses on disposals of consolidated companies or businesses
    • the fair value of shares granted to employees including social contributions
    • the restructuring and rationalization expense relating to business combinations or qualified as unusual, infrequent and abnormal. When a restructuring plan qualifies for Other operating income and expense, the related real estate rationalization & associated costs regarding premises are presented on the same line
    • the curtailment effects on restructuring costs and the effects of plan amendments on defined benefit plans resulting from triggering events that are not under control of Atos management
    • the net gain or loss on tangible and intangible assets that are not part of Atos core-business such as real estate
    • other unusual, abnormal and infrequent income or expense such as major disputes or litigation.

    Gross margin and indirect costs: Gross margin is composed of revenue less the direct costs of goods sold. Direct costs relate to the generation of products and/or services delivered to customers, while indirect costs include all costs related to indirect staff (defined hereafter), which are not directly linked to the realization of the revenue. The operating margin comprises gross margin less indirect costs.

    EBITDA (Earnings Before Interest, Tax, Depreciation and Amortization): for Atos, EBITDA is based on Operating Margin less non-cash items and is referred to as OMDA (Operating Margin before Depreciation and Amortization).

    OMDA (Operating Margin before Depreciation and Amortization) is calculated as follows:

    Operating margin:

    • less – Depreciation of fixed assets (as disclosed in the “financial report”)
    • less – Depreciation of right of use (as disclosed in the “financial report”)
    • less – Net charge (release) of provisions (composed of net charge of provisions for current assets and net charge of provisions for contingencies and losses, both disclosed in the “financial report”)
    • less – Net charge (release) of provisions for pensions (as disclosed in the “financial report”).

    OMDAL: OMDA – lease repayments.

    Gearing: The proportion, expressed as a percentage of net debt to total shareholders’ equity (Group share and minority interests).

    Interest cover ratio: Operating margin divided by the net cost of financial debt, expressed as a multiple.

    Leverage ratio: Net debt (before changes in working capital actions and IFRS 9 fair value adjustment) / OMDAL rolling 12-months.

    Operating income (loss): Operating income (loss) comprises net income (loss) before deferred and current income taxes, net financial income (expense), and share of net profit (loss) of equity-accounted investments.

    Cash flow from operations: Cash flow coming from the operations and calculated as a difference between OMDA, net capital expenditures, lease payment and change in working capital requirement.

    Net cash or net debt: Net cash or net debt comprises total borrowings (bonds, short term and long-term loans, securitization and other borrowings), short-term financial assets and liabilities bearing interest with maturity of less than 12 months, less cash and cash equivalents. Liabilities associated with lease contracts and derivatives are excluded from the net debt.

    Free Cash Flow (FCF): The Free Cash Flow represents the change in net cash or net debt, excluding capital increase, share buyback, dividends paid to shareholders and non-controlling interests, net acquisition or disposal of companies.

    Earnings (loss) per share (EPS): Basic EPS is the net income (loss) divided by the weighted-average number of common shares outstanding during the period. Diluted EPS is the net income (loss) divided by the diluted weighted-average number of common shares for the period (number of shares outstanding + dilutive instruments with dilutive effect).

    Revenue: Revenue related to Atos’ sales to third parties (excluding VAT).

    TCV (Total Contract Value): The Total Value of a Contract at signature (prevision or estimation) over its duration represents the firm order and contractual part of the contract excluding any clause on the decision of the client, as anticipated withdrawal clause, additional option or renewal.

    Order entry/bookings: The TCV, orders or amendments signed during a defined period. When an offer is won (contract signed), the total contract value is added to the backlog and the order entry is recognized.

    Book-to-bill: The Book-to-Bill is the ratio expressed in percentage of the order entry in a period divided by revenue of the same period.

    Backlog/Order cover: The value of signed contracts, orders and amendments that remain to be recognized over their contract lives.

    Pipeline: The value of revenues that may be earned from outstanding commercial proposals issued to clients. Qualified pipeline applies an estimated percentage likelihood of proposal success.

    Direct Staff: Direct staff includes permanent staff and subcontractors, whose work is billable to a third party.

    Indirect staff: Indirect staff includes permanent staff or subcontractors, who are not billable to clients. Indirect staff is not directly involved in the generation of products and/or services delivered to clients.

    Disclaimer

    This document contains forward-looking statements that involve risks and uncertainties, including references, concerning the Group’s expected growth and profitability in the future which may significantly impact the expected performance indicated in the forward-looking statements. These risks and uncertainties are linked to factors out of the control of the Company and not precisely estimated, such as market conditions or competitors’ behaviors. Any forward-looking statements made in this document are statements about Atos’s beliefs and expectations and should be evaluated as such. Forward-looking statements include statements that may relate to Atos’s plans, objectives, strategies, goals, future events, future revenues or synergies, or performance, and other information that is not historical information. Actual events or results may differ from those described in this document due to a number of risks and uncertainties that are described within the 2024 Universal Registration Document filed with the Autorité des Marchés Financiers (AMF) on April 10, 2025 under the registration number D.25-0238. Atos does not undertake, and specifically disclaims, any obligation or responsibility to update or amend any of the information above except as otherwise required by law.

    This document does not contain or constitute an offer of Atos’s shares for sale or an invitation or inducement to invest in Atos’s shares in France, the United States of America or any other jurisdiction. This document includes information on specific transactions that shall be considered as projects only. In particular, any decision relating to the information or projects mentioned in this document and their terms and conditions will only be made after the ongoing in-depth analysis considering tax, legal, operational, finance, HR and all other relevant aspects have been completed and will be subject to general market conditions and other customary conditions, including governance bodies and shareholders’ approval as well as appropriate processes with the relevant employee representative bodies in accordance with applicable laws.

    About Atos Group

    Atos Group is a global leader in digital transformation with c. 70,000 employees and annual revenue of c. € 10 billion, operating in 67 countries under two brands — Atos for services and Eviden for products. European number one in cybersecurity, cloud and high-performance computing, Atos Group is committed to a secure and decarbonized future and provides tailored AI-powered, end-to-end solutions for all industries. Atos is a SE (Societas Europaea) and listed on Euronext Paris.

    The purpose of Atos is to help design the future of the information space. Its expertise and services support the development of knowledge, education and research in a multicultural approach and contribute to the development of scientific and technological excellence. Across the world, the Group enables its customers and employees, and members of societies at large to live, work and develop sustainably, in a safe and secure information space.

    Contact

    Investor relations: investors@atos.net

    Individual shareholders: +33 8 05 65 00 75

    Media relations: globalprteam@atos.net

    1 Excluding change in Working Capital Actions

    2 Excluding change in Working Capital Actions

    3 At Dec 31, 2024 currency

    4 At constant currency

    5 Defined as Operating Margin before Depreciations, Amortization and Leases

    Attachment

    The MIL Network –

  • MIL-OSI Russia: D. Trump demanded that 17 pharmaceutical companies reduce drug prices within 60 days

    Translation. Region: Russian Federal

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

    An important disclaimer is at the bottom of this article.

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

    WASHINGTON, July 31 (Xinhua) — U.S. President Donald Trump on Thursday sent letters to the heads of 17 pharmaceutical companies, demanding that they lower drug prices within 60 days, threatening to take action if they refuse.

    On his Truth Social page, D. Trump published letters sent to 17 pharmaceutical manufacturers, including Eli Lilly, Pfizer and Merck. They demand that they take steps to reduce drug prices in the US.

    The letters were sent after Trump signed an executive order in May to restore the “most favored nation” policy, which is designed to lower drug prices by tying the cost of some medications in the U.S. to much lower prices in other developed countries.

    “Most of the proposals my administration has received to ‘solve’ this critical problem have promised the same thing: shifting blame and demanding policy changes that will result in billions of dollars in handouts to industry,” Trump said in the letters.

    “Going forward, the only thing I will accept from drug manufacturers is a commitment to protect American families from exorbitant drug prices and to stop European and other developed countries from freely using American innovations,” he said.

    D. Trump also warned that if the pharmaceutical companies that received the letters refuse to meet, “we will use every tool in our arsenal to protect American families from continued abuses in drug pricing.” The president did not specify what measures would be taken.

    Currently, brand-name drugs in the United States cost, on average, three times more than identical drugs in other countries, the letters say.

    Shares of major pharmaceutical companies fell after the letter news broke. On Thursday, shares of Eli Lilly and Pfizer fell more than 2 percent, while shares of Merck fell more than 4 percent. –0–

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

    .

    MIL OSI Russia News –

  • MIL-OSI Russia: D. Trump signs executive order to change tariff rates with dozens of trading partners

    Translation. Region: Russian Federal

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

    An important disclaimer is at the bottom of this article.

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

    NEW YORK, July 31 (Xinhua) — U.S. President Donald Trump on Thursday signed an executive order further changing tariff rates with nearly 70 trading partners.

    The decree introduces “additional ad valorem duties on goods from certain trading partners.”

    According to an appendix to the White House press release, most of the new tariff rates range from 10 percent to 40 percent.

    The new tariffs will come into force seven days after the date of the decree, except in cases related to logistics.

    As D. Trump noted in the document, some US trading partners, despite participating in the negotiations, proposed conditions that do not sufficiently eliminate the “imbalance” in trade relations or do not meet US demands on “economic and national security issues.”

    “Some trading partners have failed to engage with the United States or to take adequate steps to sufficiently align their actions with the United States on economic and national security issues,” the president said.

    The order requires the Secretary of Commerce and the Secretary of Homeland Security, along with other senior officials, to publish every six months a list of countries and specific facilities used in tariff evasion schemes to inform government procurement, national security reviews, and commercial due diligence.

    In addition, key U.S. government agencies are directed and authorized to take “all necessary actions” to implement this order consistent with applicable law. –0–

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

    .

    MIL OSI Russia News –

  • Reinvigorate ‘Made in India’ as hallmark of unquestionable quality amid US tariffs: SBI report

    Source: Government of India

    Source: Government of India (4)

    The imposition of 25 per cent tariff on India with penalty is a “bad business decision” but the mysterious forces of global supply chain will auto adjust and cushion the impact, and Indian businesses and firms would do well to reinvigorate the ‘Made in India’ as a hallmark of unquestionable quality, an SBI Research report said on Friday.

    Not surprisingly, the US GDP, inflation and currency face a greater risk of downgrades compared to India, the report noted.

    Though the US is India’s top exporter (20 per cent in FY25), India has diversified its export destinations, and the top 10 countries only accounted for 53 per cent of total exports.

    The top 15 items exported to the US accounted for 63 per cent of total exports. Electronics, gems and jewellery, pharmaceuticals and nuclear reactors and machinery account for 49 per cent of India’s exports to the US.

    The earlier tariff imposed by the US on such articles varied from 0 per cent (on diamonds, smartphones, pharma products, among others) to a maximum of 10.8 per cent (other bed linen of cotton). Now all of them will face a 25 per cent tariff.

    “Exports of smartphones and photovoltaic cells to the US have seen a spurt by the PLI scheme of the government, and rationalisation of the GST on cut and polished diamonds has pushed gems and jewellery exports to the US. For the other products, it’s the robust demand from the US that led to higher exports, according to the SBI report.

    India has been a cornerstone of the global supply chain for affordable, high-quality and availability of essential medicines, particularly life-saving oncology drugs and antibiotics.

    In the generic drug market, India supplies nearly 47 per cent of the pharmaceutical needs of the US. If the US shifts manufacturing and API production to other countries or domestic facilities, it will take a minimum of 3-5 years for meaningful capacity. So, the tariff rise may lead to drug shortages and price increases for American citizens.

    As the US accounts for 40 per cent of India’s pharma exports, if a 25 per cent tariff continues, it may hit earnings of pharma companies by 2-8 per cent in FY26, as many big pharma companies’ revenue from the US stood in the range of 40-50 per cent.

    Further, the tariff will reduce competitiveness in the world’s largest pharma market and the profit margins pressure due to the inability to pass on costs, the report noted.

    “When we map the sectors with most favoured nation (MFN) tariffs imposed by India on the corresponding imports from the US, the average MFN tariff comes to around 20 per cent. Certain sectors like Automobile, FMCG, alcoholic beverages and tobacco, electrical equipment, textile and consumer durables stand out as the tariff applied is 15 per cent or more. The Indian government can think of reducing the tariffs in such sectors,” the SBI report suggested.

    (IANS)

  • MIL-OSI Banking: Secretary-General of ASEAN meets with the Minister of Foreign Affairs and International Cooperation of the Federal Republic of Somalia

    Source: ASEAN

    Secretary-General of ASEAN, Dr. Kao Kim Hourn, today met with Minister of Foreign Affairs and International Cooperation of Somalia, H.E. Abdisalam Abdi Ali, at the ASEAN Headquarters/ASEAN Secretariat. They discussed ways to promote relations between ASEAN and Somalia, and exchanged views on regional and global developments.

    The post Secretary-General of ASEAN meets with the Minister of Foreign Affairs and International Cooperation of the Federal Republic of Somalia appeared first on ASEAN Main Portal.

    MIL OSI Global Banks –

  • MIL-OSI Russia: Financial news: On the cancellation of the Exchange’s decision

    Translation. Region: Russian Federal

    Source: Moscow Exchange – Moscow Exchange –

    An important disclaimer is at the bottom of this article.

    In accordance with the Listing Rules of Moscow Exchange PJSC, the Chairman of the Management Board made the following decision on July 31, 2025:

    cancel the decision of 31.07.2025 (HTTPS: //VVV. MOEX.Kom/nya2456? NT = 104) “On Amending the Decision on Determining the Start Date of Trading”, in Connection with the Completion of the Placement (HTTPS: //vv.) exchange-traded interest-bearing non-convertible book-entry bonds of series BO-01 of Limited Liability Company “AgroDom” (registration number of the issue 4B02-01-00171-L dated 20.08.2024, trade code RU000A109AU3).

    Contact information for media 7 (495) 363-3232Pr@moex.kom

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

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    MIL OSI Russia News –

  • MIL-OSI China: China to allocate more funds in October to support trade-in program

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

    BEIJING, Aug. 1 — China’s top economic planner on Friday said that another 69 billion yuan (about 9.65 billion U.S. dollars) in ultra-long special treasury bond funds will be allocated in October to support the country’s consumer goods trade-in program.

    This will be the fourth and final batch of the year, according to Jiang Yi, an official with the National Development and Reform Commission (NDRC), who noted that the country has already issued its third batch of ultra-long special treasury bond funds in the same amount.

    The Ministry of Finance, together with the NDRC, has this year earmarked 300 billion yuan in such funds to back the consumer goods trade-in program.

    The economic performance in the first half of the year demonstrated strong resilience, with domestic demand contributing 68.8 percent to GDP growth and continuing to serve as a driving force for expansion, NDRC official Zhou Chen told a press conference Friday.

    Moving forward, the NDRC will continue to promote the introduction and implementation of a series of measures to stabilize employment and the economy, Zhou said.

    The NDRC will strengthen economic monitoring, forecasting and early warning, regularly conduct policy research and preparation, and continuously improve the policy toolkit for stabilizing employment and expanding domestic demand, Zhou added.

    The NDRC will formulate a list of preventive measures against acts that obstruct the unified market and fair competition.

    It will implement stronger and more effective measures to advance the building of the unified national market as planned.

    The ratio of social logistics cost to GDP, a key indicator reflecting cost efficiency of the sector, was 14 percent in the first half of 2025, down 0.2 percentage points from the same period last year and hitting a record low, according to the NDRC.

    According to a plan unveiled last year, China aims to cut the ratio of social logistics costs to GDP to around 13.5 percent by 2027.

    MIL OSI China News –

  • MIL-OSI China: China to review, supervise CK Hutchison’s overseas ports deal in accordance with law

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

    China’s Ministry of Commerce said Thursday that the Chinese government will conduct reviews and supervision on the sales of CK Hutchison Holdings Limited’s overseas port assets in accordance with the law.

    The ministry’s spokesperson He Yadong made the remarks at a regular press conference when answering a media query.

    The Chinese government will protect fair market competition, safeguard the public interests of the society, and resolutely defend its national sovereignty, security and development interests, He said, adding that relevant Chinese authorities have issued multiple statements on the matter.

    MIL OSI China News –

  • MIL-OSI Russia: China Development Bank issues its first loan to Kazakhstan Temir Zholy for the purchase of locomotives

    Translation. Region: Russian Federal

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

    An important disclaimer is at the bottom of this article.

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

    BEIJING, Aug. 1 (Xinhua) — China Development Bank (CDB) recently issued its first loan of 180 million yuan (about 25.18 million U.S. dollars) for Kazakhstan Temir Zholy (KTZ)’s project to purchase 200 locomotives, thanks to which the first batch of locomotives has been delivered and put into operation, Zhongxinwang reported on Thursday, citing a source in the bank.

    In February this year, a banking consortium founded by the CDB and the Import-Export Bank of China signed an agreement with Kazakhstan’s state-owned transport and logistics holding KTZ to provide it with a loan of 3.56 billion yuan, which was to be used to purchase 200 locomotives from the Chinese company CRRC Co., Ltd.

    With the exchange rate-linked advantages of cross-border financing of the Chinese national currency Renminbi, the Kazakh enterprise was offered a highly efficient and low-cost financing option, the CDB noted.

    Successful implementation of this project will effectively increase the capacity of railway transportation in Kazakhstan, the bank added.

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

    .

    MIL OSI Russia News –

  • MIL-OSI Russia: Apple’s third-quarter revenue rose 10 percent

    Translation. Region: Russian Federal

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

    An important disclaimer is at the bottom of this article.

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

    SAN FRANCISCO, Aug. 1 (Xinhua) — Apple on Thursday reported financial results for the third quarter of its fiscal 2025 ended June 28. The company’s revenue was $94 billion, up 10 percent from a year earlier.

    Diluted earnings per share for the quarter were $1.57, up 12 percent from a year earlier. The company’s quarterly net income rose to $23.43 billion from $21.45 billion a year earlier.

    iPhone sales rose to $44.58 billion from $39.3 billion a year earlier. Mac sales rose to $8.05 billion from $7.01 billion a year ago.

    The company’s services revenue was $27.42 billion, up from $24.21 billion in the previous year.

    Sales of wearables, home goods and accessories fell to $7.4 billion from $8.1 billion a year earlier.

    “Today, Apple is proud to report another record revenue for the June quarter, with double-digit growth across iPhone, Mac and Services, and growth worldwide in all geographic segments,” said CEO Tim Cook.

    “We are very pleased with our record financial performance in the June quarter, which resulted in earnings per share growth of 12 percent,” said Apple CFO Kevan Parekh.

    Apple’s board of directors has declared a cash dividend of $0.26 per share of the company’s stock. –0–

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

    .

    MIL OSI Russia News –

  • MIL-OSI Russia: Uzbekistan presents financial code to support women’s entrepreneurship

    Translation. Region: Russian Federal

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

    An important disclaimer is at the bottom of this article.

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

    Tashkent, Aug. 1 (Xinhua) — The Central Bank of Uzbekistan has presented a regulation on the implementation of a financial code on women’s entrepreneurship aimed at systematically supporting and developing businesses run by women, local media reported on Thursday, citing the bank’s press service.

    “The Central Bank of the Republic of Uzbekistan, in its role as national coordinator, has developed a National Regulation on the implementation of the international We-Finance Code initiative,” the statement said.

    This document will form the basis for building an institutional approach aimed at creating a favorable environment for supporting and developing women’s entrepreneurship throughout the country.

    It is noted that the initiative provides not only financial assistance, but also a wide range of additional measures, including training programs, consultations, and assistance in bringing products of small and medium businesses to foreign markets. –0–

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

    .

    MIL OSI Russia News –

  • MIL-OSI: UAB “Atsinaujinančios energetikos investicijos” publishes its factsheet for the second quarter of 2025

    Source: GlobeNewswire (MIL-OSI)

    UAB “Atsinaujinančios energetikos investicijos” (the Company) publishes its factsheet, providing information about the Company’s investment portfolio, key events, business strategy, operating segments, and financial indicators as of 30 June 2025. 

    2025 Q2 KEY EVENTS 

    • The total aggregated 2025 YTD Revenue and YTD EBITDA amounted to 5,634 kEUR and 3,138 kEUR, respectively. 
    • The decision has been made to extend the Company’s term by two years, until February 2028. 
    • From the issuance proceeds of the new 2.5-year, fixed coupon, 100 mEUR Green Bonds Programme and bond redemption cash tender offer in June, the Investment Company has successfully refinanced 37.2 mEUR worth of outstanding green bonds that were to mature in December 2025. 

    Solar development in Poland: 

    • The construction of 67.8 MW total capacity PV Energy Projects sp. z. o.o. portfolio nears completion.  As of the reporting period, 47.9 MW are operational. Two projects (~2 MW) were energised during this quarter, and two projects (0.95 MW each) are planned to be energised in Q2 2025. The anticipated COD for the entire park is set for March 2026. 
    • The PL SUN sp. z o.o. portfolio, with a total capacity of 113.99 MW, is divided into two phases. Construction works for the first phase (66.6 MW) were largely finalised in Q2 2024. Of this, 26.47 MW were energised in Q4 2024. 20 MW were energised in this quarter. The remaining 20.2 MW are projected to be energised in Q3 2025. Construction of the second phase commenced in October 2024. Balance of System, technical advisory, and O&M contracts have been signed. Modules and inverters have been delivered to all sites. Mounting structure construction and module installation works have been finished in 7 sites (45.1 MW). Transformer stations were delivered to four sites (32.2 MW).  

    Wind Projects: 

    • The Energy Production license for the Anykščiai wind farm was obtained in August 2024. Jonava and Rokiškis wind farms obtained the license this quarter, in April.  
    • The 112 MW wind farm developed under Zala Elektriba SIA is scheduled to commence construction in the middle of July. The substation user’s part BoP agreement was signed in June. 

    Hybrid Projects: 

    • The hybrid projects managed by UAB “Ekoelektra” and UAB “KNT Holding” are progressing, with the majority of land lease agreements and cable and road servitudes secured for the former, and approximately 80% secured for the latter.  

    Contact person for further information: 

    Mantas Auruškevičius 

    Manager of the Investment Company 

    mantas.auruskevicius@lordslb.lt 

    Attachment

    The MIL Network –

  • MIL-OSI United Kingdom: Operation Cloud and Advance Unite to Tackle Illicit Trade and Anti-Social Behaviour

    Source: City of Birmingham

    A coordinated enforcement operation between Birmingham City Council’s Trading Standards team and West Midlands Police has led to the seizure of a significant quantity of illegal goods.

    The action forms part of the ongoing Operation Cloud and the force-wide Operation Advance, both aimed at tackling crime, anti-social behaviour, and the sale of illicit products across the city.

    The raid, which took place earlier this month at multiple commercial premises and associated vehicles in Birmingham, resulted in the seizure of:

    • 40 large nitrous oxide canisters and related paraphernalia
    • More than 780 illicit vapes
    • 1,980 illicit and counterfeit cigarettes
    • More than 115 packets of oral snuff/smokeless tobacco
    • Nearly 50 unsafe counterfeit inflatable toys
    • 125 sachets of unlicensed erectile dysfunction medicine

    A concealed compartment was also discovered at one of the premises which contained a large quantity of nitrous oxide cannisters and illicit tobacco. A male suspect was also arrested at the scene.

    This latest enforcement builds on the success of Operation Cloud, which has been active since September 2024 and has already removed nearly £7 million worth of illegal goods from circulation. The operation targets the sale of illicit vapes, nitrous oxide, counterfeit tobacco, and other harmful products that pose serious risks to public health and safety.

    Last week’s action also forms part of Operation Advance, West Midlands Police’s force-wide initiative delivering 24 hours of high-impact policing activity. Officers from across departments joined forces with the Council’s Trading Standards teams to disrupt criminal activity, enforce public space protection orders, and reassure communities through high-visibility patrols.

    Councillor Jamie Tennant, Cabinet Member for Social Justice, Community Safety and Equalities, said: “This joint operation is a powerful demonstration of what we can achieve through partnership. Illegal goods like these are not only dangerous to health—especially for young people—but also fuel wider criminality and anti-social behaviour. We will continue to take robust action to protect our communities and uphold the law.

    “These products are often sold without any regard for safety standards, and in many cases, are deliberately marketed to appeal to children and teenagers. The presence of such goods in our neighbourhoods undermines community wellbeing and contributes to a cycle of harm that affects families, schools, and local businesses.

    “Through Operation Cloud and Operation Advance, we are sending a clear message: Birmingham will not tolerate the illegal trade of harmful products. We are committed to working with our partners to make our city safer, cleaner, and more resilient for everyone.”

    Ch Supt Tom Joyce, of Birmingham Police, said: “This was a fantastic day of really high-profile activity, using everyone from neighbourhood officers, to intelligence, traffic, firearms, gangs officers, investigators and more.

    “The activity is designed to be really visible and reassuring, while making a real impact in communities across the whole city.

    “This is all about making our town centres safe and welcoming for everyone, while making them hostile places for anyone wanting to commit crime.

    “Advance will be returning to Birmingham later in the year when we will be out in full force again to have that significant impact that using teams from across the West Midlands brings.

    “In the meantime, Birmingham officers will continue working 24/7 to make the city safer and help and support people when they need us most.”

    The Council is now pursuing a closure order for the premises under the Anti-Social Behaviour, Crime and Policing Act 2014. This follows the recent enforcement of the national ban on single-use vapes, which came into effect on 1 June 2025.

    Birmingham’s Trading Standards team has already seized over 14,000 illegal or non-compliant vapes since the launch of Operation Cloud.

    Residents are encouraged to report any suspicious activity or sales of illegal goods via by contacting the Council’s Trading Standards team on 0121 303 9360 or the West Midlands Police on 101.

    MIL OSI United Kingdom –

  • MIL-OSI USA: Senator Marshall: Interest Rates Need to Come Down

    US Senate News:

    Source: United States Senator for Kansas Roger Marshall

    Senator Marshall Joins Fox Business to Discuss Interest Rates and Trade Deals
    Washington – On Thursday, U.S. Senator Roger Marshall, M.D. (R-Kansas), joined Fox Business to discuss the Federal Reserve’s refusal to lower interest rates, and how the President’s trade strategy isn’t harming Americans but will get us leverage on our geo-political rivals.

    Click HERE or on the image above to watch Senator Marshall’s full interview
    On the Federal Reserve not raising interest rates:
    “Well, I wasn’t surprised, because there’s a reason that President Trump calls him Jerome ‘Too Late’ Powell. Let’s go back to March of 2021, and Jerome Powell says inflation is going to be transitory. It’s 18 months later, and it’s just starting to peak, and it’s not a couple months after that before it starts coming down. So, he is indeed always too late.
    “And let me put an exclamation point behind what President Trump is saying. To that average Kansas farmer back home, they have an operation loan of a million dollars. We saw interest rates on those loans go from 2% to 9% and that’s what caused a record drop in net farm income. So, he’s right. Every point matters. And I’m not saying we should drop at two or three points, but dropping at a quarter point or a half point, come on. I think that the economy would dictate that. Now we don’t know what’s holding up Jay Powell, except he’s always too late.”
    On the real impact of the trade deals President Trump has secured:
    “Well, I’m going to trust Michelle Bowman, of course. She’s from Council Grove, Kansas, but let’s just think about this for a second. Of all the goods that Americans consume, only about 11% of them are imported. Only 11%. So, let’s just suppose there’s a 10% tariff on 11% of what we consume. Well, my little math says that’s going to be a 1.1% increase, assuming that’s all passed along to the consumer, and you know, it’s not going to. So, I think that these tariffs could cause a one-time hit of one or 2%, but I think the manufacturers are going to absorb a lot of that. The wholesalers are going to absorb a lot of that as well.
    “And meanwhile, we’re trying to balance this trillion-dollar trade deficit. So, I think President Trump is right on task. Look at what he’s doing; Cambodia and Thailand today, he’s surrounded China. He’s got Indonesia done, Japan, Australia, Vietnam, the Philippines, [and] South Korea. So, he’s going to push China. They’ve got till August. The 12th is their deadline, I believe. So, President Trump is doing a good job.”

    MIL OSI USA News –

  • MIL-OSI USA: Senator Marshall: Making America Healthy Again Starts with Cost Transparency

    US Senate News:

    Source: United States Senator for Kansas Roger Marshall

    Senator Marshall Questions Healthcare Experts on Solutions to Rising Healthcare Costs
    Washington – On Thursday,U.S. Senator Roger Marshall, M.D. (R-Kansas), questioned healthcare experts, Ms. Chris Deacon, Principal and Founder at VerSan Consulting, Dr. Benedic Ippolito, Senior Fellow at the American Enterprise Institute, and Mr. Wendell Potter, President of the Center for Health and Democracy, during the Senate Health, Education, Labor, and Pensions Committee hearing focused on making American health care more affordable.

    Click HERE or on the image above to watch Senator Marshall’s full exchange.
    Highlights from the hearing include:
    On Healthcare costs transparency:
    Senator Marshall: “I think that we have today before us a 90 to 10 issue. Maybe it’s 95 to 5. Americans are concerned about the cost of health care. Since I got here four years ago, eight years ago, four years ago in the Senate, I’ve talked about the pillar of transparency, more innovation and consumerism, letting patients be consumers again. So, it’s wonderful that we get an opportunity to address solutions. We’ve all described the product and the problem. Now let’s talk about solutions. I’m very proud of one of our signature legislation we’ve been working on for eight years, the Patients Deserve Price Tags Act. I appreciate Senator Hickenlooper’s support, Senator Hassan, Senator Grassley, she he and Ernst their support as well. Could you imagine walking into a grocery store, going to the meat department, and not seeing the prices on the different meats? Could you imagine going to a clothing store and not knowing what the prices are on the suits? Most of us walk up there, and we look at a suit, what’s the first thing I do? I look at the price of it. But in health care, they buried the prices. So, what our legislation attempts to do is to get price tags on health care. What a novel thought, and a couple of thoughts on what our bill does, and get your reaction. Ms. Deacon, I’ll start with you as a consumer. You have a choice of getting your hip replaced at one facility for $10,000, another one is $50,000, and that’s not unreasonable numbers to compare a hip replacement 10 versus 50. How would you, as a consumer, how would that impact the eventual cost of healthcare? If you’re in a self-insured plan and you’re running that plan, how would it impact your decisions to drive down the cost of healthcare?”
    Ms. Chris Deacon: “I mean, as a consumer, absolutely, if I had out of pocket, I would both evaluate for quality and cost to determine value, and I would likely find myself at the $10,000 clinic, but as an employer sponsor, if all of my members were to have such information, it would dramatically lower the cost of premiums every year, especially for our self-insured employers, because more consumers would be able to evaluate such terms.”
    On driving down the costs of health insurance:
    Senator Marshall: “And this is a wild guess, could it drive down the cost of health insurance for an employed, self-employed fund, 10, 20, 30, 40% perhaps. I mean, it’s a big number.”
    Ms. Chris Deacon: “Yes, we’ve absolutely seen employers that are able to do that, save 30 to 40% on premiums.”
    On group health care plans access to their own data:
    Senator Marshall: “Dr. Ippolito, another component of our bill ensures that group health care plans have access to their own claim data. Can you believe it? I have a self-insured plan, and I can’t look at my own claim data? Would that be helpful to us, specifically a self-insured plan?”
    Dr. Benedic Ippolito: “Well, sure. I mean, at a minimum, if you’re sitting there trying to think about what services are we going to use next year, what kind of plan looks good for us? If you don’t know what services you use, you can’t do that. And so, in terms of those basic tasks that your employer, who’s your agent in this world, for many of us, is tasked with providing, they need that information. So yeah, it seems like a baseline, a prerequisite.”
    On PBM price gouging:
    Senator Marshall: “So is there anyone in this panel that disagrees that price tags could not be helpful in driving down the cost of healthcare? Does anyone want to counter that argument? Okay, good. I want to turn to delinking just for a second. Of course, talking about pharmaceutical benefits. PBMs, right? Very horizontally, vertically integrated, four companies, three companies controlling 85% of the of the industry. And many of you talked about the oligo monopolies that they’re forming here, specifically Senator Kaine and I have a bill called delinking, and it delinks the money the pharmacy benefit managers make from the cost of the of the drug. So PBMs create formularies that really prevent you from using the generic drugs at less cost, they push you to the more expensive ones. So, I’ll start with Mr. Potter. Would reform such as delinking PBM compensation from the list price of medicines benefit patients in meaningful ways and drive down the cost of drugs?”
    Mr. Wendell Potter: “I absolutely agree. I think it’s very important legislation. I think there should be delinking. That game, I think, incentivizes drug companies to have a higher list price, and then the middleman that you’re showing, that they’re on that board, are sucking so much money from the pharmacy supply chain. When I was at Cigna, Cigna didn’t own a very big PBM. It bought Express grips recently, a few years ago, and now it is largely a PBM that also has insurance plans.”

    MIL OSI USA News –

  • India’s manufacturing PMI rises to 16-month high in July despite global uncertainties

    Source: Government of India

    Source: Government of India (4)

    India’s manufacturing sector gained momentum in the month of July as Purchasing Managers’ Index (PMI) rose to a 16-month high of 59.1, up from 58.4 in June, despite global uncertainties and US tariffs, according to data released by S&P Global on Friday.

    The HSBC India Manufacturing Purchasing Managers’ Index (PMI) climbed to a 16-month high of 59.1, driven by strong gains in new orders and output, though business sentiment and hiring momentum showed signs of moderation.

    “India recorded a 59.1 manufacturing PMI in July, up from 58.4 during the prior month. This marked a 16-month high for the sector, which benefited from strong growth in new orders and output,” said Pranjul Bhandari, chief India economist at HSBC.

    “At the same time, however, business confidence fell to its lowest level in three years due to concerns over competition and inflation,” Bhandari added.

    India’s manufacturing sector remains on a strong footing entering the second half of FY25.

    The sustained manufacturing resilience comes on the back of robust domestic demand and continued output expansion.

    India’s private sector showed robust growth in July, fuelled by strong manufacturing and global demand. The headline HSBC Flash India Composite PMI Output Index, compiled by S&P Global, rose to 60.7 in July from 58.4 in June.

    International orders received by private sector firms in India rose sharply at the start of the second fiscal quarter (Q2 FY26). The Indian companies remained optimistic about output growth over the next 12 months.

    There is a firm pick-up in employment, especially in the service sector, suggesting healthy job creation accompanies the expansion of both India’s manufacturing and service sectors.

    Meanwhile, India is projected to see 6.4 per cent GDP growth in FY26 and FY27, with both numbers revised slightly upward, reflecting a more benign external environment than assumed in the April reference forecast, according to the International Monetary Fund’s (IMF) World Economic Outlook (WEO).

    The IMF revised upwards its outlook for India’s GDP growth for the current fiscal by 20 basis points (bps) to 6.4 per cent. The global agency also revised upwards its growth forecast for FY27 by 10 bps to 6.4 per cent.

    (IANS)

  • MIL-OSI Africa: United Nations (UN) Tourism/ International Civil Aviation Organization (ICAO) Ministerial Summit calls for enhanced cooperation to unlock Africa’s growth

    Source: APO


    .

    Jointly organized by UN Tourism, the International Civil Aviation Organization (ICAO), and the Government of Angola, the high-level event drew more than 300 international delegates around the theme “Accelerating Synergies for Resilient and Sustainable Growth”. The three-day conference, focused on strengthening the alignment between two of Africa’s fastest-growing sectors: tourism and air transport. Both are critical enablers for job creation, innovation, and greater regional mobility.

    In his opening remarks, UN Tourism Secretary-General Zurab Pololikashvili said: “Tourism and air transport are not just engines of growth, they are pathways to empowerment, opportunity, and transformation, through strategic leadership and innovation, Africa’s potential can become its reality.” He urged decisive policy action to remove the barriers holding African tourism back.

    H.E Daniel Marcio, Angola’s Minister of Tourism said “Angola is proud to host such a landmark event, which positions Angola as a regional hub for dialogue and action. Tourism is a key pillar of our national strategy for inclusive development, job creation, and cultural promotion.”

    In his intervention, H.E Mr. Ricardo de Abreu, Angola’s Minister of Transport, emphasized the importance of infrastructure and regulatory reform: “We must build air transport systems that are not only modern and efficient but also accessible and responsive to the needs of our people. Connectivity within Africa is essential to realizing the continent’s economic potential.”
    ICAO Council President Salvatore Sciacchitano commended the initiative’s collaborative spirit: “Tourism and aviation must grow hand in hand. Through shared vision and policy coherence, we can drive sustainable development, enhance safety and security, and ensure no country is left behind.”

    Connectivity, Policy Reform, Investment

    The Luanda Conference placed a strong emphasis on advancing Africa’s tourism and air transport sectors through enhanced connectivity, regulatory reform, and cross-sector collaboration. Delegates agreed that aligning aviation and tourism policies is vital to unlocking the continent’s potential, particularly through open skies agreements, cohesive infrastructure planning, and public-private investment. A central focus was also placed on simplifying visa processes, promoting joint destination marketing, and removing travel barriers to stimulate intra-African tourism.

    The Conference began with an expert-led workshop featuring technical sessions on innovation, connectivity, investment, and regional integration. Participants explored how technologies like AI and digital platforms can improve service delivery, while also identifying new funding models to expand infrastructure. In-depth discussions addressed how frameworks such as the African Continental Free Trade Area (AfCFTA) and the Single African Air Transport Market (SAATM) can support harmonized policies and boost regional mobility.

    Ministerial Discussions and Commitments

    Over two days of ministerial sessions, high-level officials focused on aligning policy frameworks, driving innovation for inclusive growth, ensuring equitable access to travel, and building resilient transport and tourism systems. The Conference concluded with the formal adoption of the Luanda Ministerial Statement—an affirmation of Africa’s collective commitment to developing a seamless, sustainable, and integrated travel ecosystem. 

    Luanda Ministerial Statement

    Ministers, leaders of delegations and delegates present pledged to:

    • Modernize tourism and aviation infrastructure with support from both public and private investment.
    • Deepen partnerships with key institutions including ICAO, UN Tourism, IATA, AFRAA, AFCAC, and others.
    • Advance mobility reforms through simplified and more affordable visa regimes, fast-track procedures, and longer-validity multi-entry visas.
    • Promote intra-African tourism, including joint destination marketing and greater collaboration with the private sector.
    • Empower youth and women through skills training, entrepreneurship support, and educational initiatives focused on the tourism and aviation sectors.

    This 2nd conference came at a time of record momentum for African tourism. The continent welcomed 74 million international arrivals in 2024, a 7% increase over 2019 and 12% more than in 2023, signalling strong recovery and renewed global interest in African destinations.

    Distributed by APO Group on behalf of World Tourism Organization (UN Tourism).

    MIL OSI Africa –

  • MIL-OSI China: Announcement on Open Market Operations No.147 [2025]

    Source: Peoples Bank of China

    Announcement on Open Market Operations No.147 [2025]

    (Open Market Operations Office, August 1, 2025)

    The People’s Bank of China conducted reverse repo operations in the amount of RMB126 billion through quantity bidding at a fixed interest rate on August 1, 2025.

    Details of the Reverse Repo Operations

    Maturity

    Rate

    Bidding Volume

    Winning Bid Volume

    7 days

    1.40%

    RMB126 billion

    RMB126 billion

    Date of last update Nov. 29 2018

    2025年08月01日

    MIL OSI China News –

  • MIL-OSI China: AI talent mobility seen in high gear

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

    Jobseekers talk with recruitment representatives at an artificial intelligence (AI) job fair held in Hangzhou, East China’s Zhejiang province, on June 28, 2025. [Photo/Xinhua]

    As the domestic artificial intelligence market draws increasing capital inflow and gains more support as a key innovation driver, talent in the sector has shown signs of heightened mobility this year, according to data released by Maimai, a domestic recruitment platform.

    As of July, 41.1 percent of employees at top AI companies in China had set their job status on the platform as “open to opportunities”, indicating a strong willingness to switch jobs, said Maimai.

    “February marked a pivotal turning point,” said Yang Ying, director of business operations at Maimai. “Since then, the number of AI professionals who switched their status to ‘open to opportunities’ has surged noticeably.”

    Yang added that about 10,000 AI professionals are newly marking themselves as open to job opportunities each month, while over 1,000 companies had posted AI-related openings on the platform by the end of July.

    The platform categorizes job status into three types: “open to opportunities”, “watching the market” and “not looking for jobs for the next six months”, designed to serve as indicators of talent mobility in different industries.

    In contrast, professionals in the broader internet industry show significantly less job-hopping intent, with only 14.7 percent marking themselves as actively seeking new roles, as of July.

    “The talent supply-demand ratio in the AI sector last year was roughly one-to-one — one candidate for each job opening. But in the first half of this year, the ratio has shifted to four candidates competing for three positions,” said Lin Fan, founder and CEO of Maimai. Lin also noted a 30 percent jump in the volume of AI job applications submitted in the first half of this year alone.

    Zhou Jian, a data analyst at the International Finance Forum, said the emerging rise of large language models such as ChatGPT was likely a watershed moment that accelerated AI development.

    “Landmark technological breakthroughs can draw heightened market attention, drive capital into AI-related sectors and serve as powerful catalysts for growth,” Zhou said.

    This week, the IFF released its report on the AI sector, which identifies talent shortages as one of the major roadblocks facing the AI industry. Still, the report remains optimistic about long-term talent growth, projecting a global increase of 2.85 million AI professionals over the next five years, bringing the total to approximately 5.85 million.

    It also showed that currently, there are about 3 million AI professionals worldwide, with 32.6 percent based in the United States and 24.4 percent in China.

    The report revealed that nearly 50 percent of AI professionals are engaged in core areas like research and development (32.6 percent) and data analytics (16.2 percent), with a dominance of R&D-related hiring across major AI companies.

    “This situation suggests that the industry is still in an early development phase,” Zhou noted.

    Campus recruitment data from Maimai showed that a significant portion of entry-level AI salaries still fall in the lower end. Positions offering monthly salaries under 20,000 yuan ($2,781) account for 32.5 percent, while those exceeding 50,000 yuan make up only 18.2 percent. More than 55 percent of roles offer salaries below 30,000 yuan.

    However, Yang from Maimai added that the recruitment platform has observed rising demand for AI talent beyond core technical roles as the country’s new economy sectors accelerate AI adoption.

    “Opportunities are increasingly emerging in non-tech functions such as product management, HR business partnering, branding and operations,” Yang said, adding that candidates with AI project experience often see a notable uptick in profile views after updating their resumes.

    MIL OSI China News –

  • MIL-OSI United Kingdom: World Breastfeeding Week: Breastfeeding Welcome Here scheme signs up 70th Derby venue

    Source: City of Derby

    Seventy city public places have now signed up to a scheme to support breastfeeding families in Derby. The Breastfeeding Welcome Here initiative was launched last year, to make mums feel more confident to breastfeed in public.

    Shops, cafés and other public premises in the city are encouraged to sign up to the free scheme to show they are accredited as ‘breastfeeding friendly’.

    As World Breastfeeding Week 2025 begins on 1 August, The University Hospitals of Derby and Burton (UHDB) has become the latest organisation to sign up to the Breastfeeding Welcome Here scheme.

    Other public places in the city that have recently signed up to the scheme include The University of Derby, Derby Market Hall, My Messy Play, Tubby Bears Play Zone and Bezerk Active Play. 

    The Breastfeeding Welcome Here scheme aims to positively change perceptions around breastfeeding in public and promote an environment where mums feel confident to breastfeed for as long as they choose.

    By signing up, businesses and organisations pledge to actively welcome families who are breastfeeding and support them to feel confident and comfortable feeding their baby on the premises. In turn, this will give the venue a boost, as families are more likely to return to places where they feel comfortable.

    If a venue is displaying a Breastfeeding Welcome Here Award, families can be confident that:

    • They are welcome to breastfeed their baby there
    • They will never be asked to move or leave because they are breastfeeding
    • The venue will do their best to offer a private area to feed in, if preferred, if space allows
    • Staff are trained to know that the venue supports breastfeeding and encourages breastfeeding on the premises.

    Councillor Alison Martin, Derby City Council Cabinet Member for Health and Adult Care, said:

    It’s fantastic to see 70 public places across Derby now proudly displaying the ‘Breastfeeding Welcome Here’ award, with University Hospitals of Derby and Burton being the latest to join.

    This scheme is all about creating a supportive and welcoming environment for breastfeeding women, ensuring mums feel confident and comfortable feeding their babies, wherever they are in our city.

    Garry Marsh, UHDB Executive Chief Nurse, said: 

    Across our hospitals, we strive to provide supportive and inclusive environments for all patients, visitors and colleagues – and we are pleased that receiving this Breastfeeding Welcome Here accreditation can help ensure parents feel comfortable and supported when feeding their babies here.

    Funded as part of the Government’s Start for Life programme, the scheme is a partnership between Derby City Council, Community Action Derby and Derbyshire Healthcare NHS Foundation Trust. Businesses that successfully apply will receive a ‘Breastfeeding Welcome Here’ certificate and window sticker, so parents know they officially support and encourage breastfeeding.

    You can watch a video all about the Breastfeeding Welcome Here scheme on Derby City Council’s YouTube channel.

    Families can get support with breastfeeding through Derbyshire Healthcare NHS Trusts Infant Feeding team and at Derby’s Family Hubs and Children’s Centres. The Infant Feeding Team hold friendly face-to-face breastfeeding clubs where you can meet other mums and get professional advice. Find more information and details of your nearest group on the Family Hub website.

    Watch our series of short films featuring Derby families talking about their experiences of breastfeeding and the support available to them from local Family Hubs and Derbyshire health services. The films were co-produced with families and Lo and Behold Films to promote and raise awareness of the Start for Life Campaign.

    You can watch the films on the Derby City Council website, where you can also find further information about breastfeeding support and details about how to sign up to the Breastfeeding Welcome scheme.

    MIL OSI United Kingdom –