NewzIntel.com

Category: Business

  • MIL-OSI Video: UK Yeoman Usher of the Black Rod explains the role of the mace

    Source: United Kingdom UK House of Lords (video statements)

    A mace is carried into the House of Lords chamber in a procession at the beginning of each sitting day.

    Hear from Neil, Yeoman Usher of the Black Rod, as he explains what happens during the procession and his role.

    Catch-up on House of Lords business:

    Watch live events: https://parliamentlive.tv/Lords
    Read the latest news: https://www.parliament.uk/lords/

    Stay up to date with the House of Lords on social media:

    • X: https://twitter.com/UKHouseofLords
    • Bluesky: https://bsky.app/profile/houseoflords.parliament.uk
    • Instagram: https://www.instagram.com/UKHouseofLords/
    • Facebook: https://www.facebook.com/UKHouseofLords
    • Flickr: https://flickr.com/photos/ukhouseoflords/albums
    • LinkedIn: https://www.linkedin.com/company/the-house-of-lords
    • Threads: https://www.threads.net/@UKHouseOfLords

    #HouseOfLords #UKParliament

    https://www.youtube.com/shorts/movdnaGjzxs

    MIL OSI Video –

  • MIL-OSI Asia-Pac: Establishing a new model of integrity and green energy, “Green Energy Transparency, Integrity in Action” seminar series launches in Taichung.

    Source: Republic of China Taiwan

    To promote low-carbon industrial transformation and corporate integrity governance simultaneously, the Bureau of Industrial Parks (BIP) of the Ministry of Economic Affairs (MOEA) has held four “Green Energy Transparency, Integrity in Action” seminars across the Taipei, Taichung, Tainan, and Kaohsiung-Pingtung branches. The first session was held on May 22 at the Taichung Branch, focusing on the challenges and opportunities of SMEs in energy transformation. The seminar was hosted by Ji Shih-Tsung, Director of the Taichung Branch, and gathered representatives from government, industry, and academia to explore how to implement transparency and integrity in the process of green energy development and work together to establish a corporate model that combines integrity and sustainability.
    In his opening remarks, Ji Shih-Tsung, director of the Taichung Branch, stated that promoting integrity and green energy development in tandem has been a key objective of the BIP. By integrating the forces of industry, government, and academia through the practical sharing platform, BIP could not only assist companies in strengthening their ESG concepts, but also guide the park towards a green development path with greater international competitiveness.
    The Bureau of Industrial Parks pointed out that enterprises in the parks are increasingly focused on carbon fees, green electricity procurement, and carbon neutrality models. In response to this trend, the seminar spotlighted how SMEs can effectively implement low-carbon transformation while ensuring transparency and integrity in corporate governance. Through diverse case studies and expert insights, the event offered participants actionable strategies for achieving sustainable development.
    The seminar invited many heavyweight speakers and benchmark companies in the green energy industry to participate in the event, including Transparency International Chinese Taipei (TICT), which has long been deeply involved in promoting corporate integrity, as well as Sunny Founder and TCC Green Energy Corporation, which have outstanding performance in the field of solar energy and renewable energy. These corporate representatives shared their achievements in green power trading, integrity governance, and corporate social responsibility practices, covering practical experience from development process transparency to supply chain ESG management. Through experience exchange, participants were able to gain a deeper understanding of how green power introduction and ethical management reinforce one another to create a win-win development model for businesses and society.
    The topics discussed at the seminar also align closely with Taiwan’s recent sustainable policies. As global supply chains impose stricter requirements on environmental, social and corporate governance (ESG) standards, companies are placing greater emphasis on the integrity and transparency of their suppliers when making decisions on green electricity procurement and energy usage. The ability of green energy companies to disclose openly sustainability data has now become a crucial factor in corporate partnerships and procurement strategies.
    In addition, TICT delivered an in-depth analysis of monitoring mechanisms in the green energy sector, helping attending companies better understand current regulations and potential risks while enhancing their institutional resilience. This cross-sector collaboration and knowledge sharing also contribute to the industry’s deeper grasp of sustainable governance practices.
    Looking ahead, the Bureau of Industrial Parks stated that BIP would continue to uphold principles of integrity and efficiency, actively building cross-disciplinary exchange platforms. By doing so, it seeks to support enterprises in parks in meeting the challenges of international sustainability and equip them for a stable and successful transition.

    Spokesman: Mr. Liu Chi-Chuan (Deputy Director General, BIP)
    Contact Number: 886-7-3613349, 0911363680
    Email: lcc12@bip.gov.tw

    Contact Person: Hsu, Chen-Hsiung (Government Ethics Office, BIP)
    Contact Number: 886-7-3611212 ext. 631
    Email: logan521018@bip.gov.tw

    MIL OSI Asia Pacific News –

  • MIL-OSI: Karolinska Development divests shares in portfolio company OssDsign

    Source: GlobeNewswire (MIL-OSI)

    STOCKHOLM, SWEDEN, June 30, 2025. Karolinska Development AB (Nasdaq Stockholm: KDEV) divests its remaining shares in the portfolio company OssDsign and thereby strengthens the investment company’s liquidity. The divestments brings Karolinska Development a capital injection of approximately SEK 34.5 million.

    Karolinska Development has been a long-term owner of OssDsign and was involved in the listing of the company on Nasdaq First North Growth Market in Stockholm in 2019.

    “We have been on a long journey with OssDsign and supported the company through several important stages. In recent periods, OssDsign has demonstrated strong value development, which is also reflected in the share price. We have decided to realize the profit in Karolinska Development’s holdings and prioritize other investments where we see greater value creation potential, and a higher possible return on investment. The sale strengthens our financial position and increases our capacity to invest in other holdings,” says Viktor Drvota, CEO Karolinska Development.

    Following the divestment, Karolinska Development has no direct ownership in OssDsign, but an indirect ownership via KCIF Co-Investment Fund remains.

    For further information, please contact:

    Viktor Drvota, CEO, Karolinska Development AB
    Phone: +46 73 982 52 02, e-mail: viktor.drvota@karolinskadevelopment.com

    Johan Dighed, General Counsel and Deputy CEO, Karolinska Development AB
    Phone: +46 70 207 48 26, e-mail: johan.dighed@karolinskadevelopment.com

    TO THE EDITORS

    About Karolinska Development AB

    Karolinska Development AB (Nasdaq Stockholm: KDEV) is a Nordic life sciences investment company. The company focuses on identifying breakthrough medical innovations in the Nordic region that are developed by entrepreneurs and leadership teams. The Company invests in the creation and growth of companies that advance these assets into commercial products that are designed to make a difference to patients’ lives while providing an attractive return on investment to shareholders.

    Karolinska Development has access to world-class medical innovations at the Karolinska Institutet and other leading universities and research institutes in the Nordic region. The Company aims to build companies around scientists who are leaders in their fields, supported by experienced management teams and advisers, and co-funded by specialist international investors, to provide the greatest chance of success.

    Karolinska Development has a portfolio of eleven companies targeting opportunities in innovative treatment for life-threatening or serious debilitating diseases.

    The Company is led by an entrepreneurial team of investment professionals with a proven track record as company builders and with access to a strong global network.

    For more information, please visit www.karolinskadevelopment.com.

    Attachment

    The MIL Network –

  • MIL-OSI Banking: World Chambers Federation announces new leadership for 2025–2028

    Source: International Chamber of Commerce

    Headline: World Chambers Federation announces new leadership for 2025–2028

    Mr. Marcelo Elizondo Secretary and Member of the Board, Argentine Chamber of Commerce and Services (Argentina) Mr. Andrew McKellar CEO, Australian Chamber of Commerce and Industry (Australia) Mr. Atef Al Khaja CEO, Bahrain Chamber of Commerce and Industry (Bahrain)   Mr. Tom Laveren CEO, Voka Chamber of Commerce Mechelen-Kempen (Belgium)   Mr. Jean Pierre Antelo President, CAINCO (Bolivia) Ms. Maria Bustamante President, FIESC Chamber of Foreign Trade (Brazil)  Mr. Daniel Campos Caramori Vice-President, Canadian Chamber of Commerce (Canada)  Mr. José Ovidio Claros Polanco President, Bogota Chamber of Commerce (Colombia)  Ms. Rim Siam President of the Economic Business Women Council, Alexandria Chamber of Commerce (Egypt)   Ms. Leticia Escobar President, Chamber of Commerce and Industry of El Salvador (El Salvador)  Mr. Giorgi Pertaia President, Georgian Chamber of Commerce and Industry (Georgia)  Mr. Volker Treier Chief Executive of Foreign Trade and Board Member, German Chamber of Commerce and Industry (Germany)   Mr. Ashish Vaid Past President, IMC Chamber of Commerce and Industry (India)  Mr. Mohammad Khazaee Torshizi Senior Advisor to the President, Iran Chamber of Commerce, Industries, Mines and Agriculture (Iran) Ms. Gilit Rubinstein CEO, Federation of Israeli Chambers of Commerce (Israel)  Mr. Dario Gallina Past President, Torino Chamber of Commerce (Italy)  Mr. Aigars Rostovskis President, Latvian Chamber of Commerce and Industry (Latvia)   Mr. Katsuya Igarashi Executive Director, Japan Chamber of Commerce and Industry (Japan)  Dr. Erick Rutto President, Kenya National Chamber of Commerce and Industry (Kenya)  Mr. Rabih Sabra Director General, Chamber of Commerce, Industry and Agriculture of Beirut and Mount Lebanon (Lebanon)   Ms. Charlotte Parkhill Chair, Auckland Business Chamber (New Zealand)   Mr. Gabriel Idahosa President, Lagos Chamber of Commerce and Industry (Nigeria)  Mr. Trajan Angeloski President, Macedonian Chamber of Commerce (North Macedonia)  Ms. Tamader Al Thani Director of International Relations and Chamber Affairs, Qatar Chamber of Commerce and Industry (Qatar)  Mr. Ovidiu Ioan Silaghi Secretary General, Chamber of Commerce and Industry of Romania (Romania)  Mr. Marko Cadez President, Chamber of Commerce and Industry of Serbia (Serbia)   Ms. Melanie Veness CEO and Chairperson, PMCB and Association of South African Chambers (South Africa)  Mr. Seong Woo Lee Vice-President, Korea Chamber of Commerce and Industry (South Korea)  Mr. Adolfo Díaz-Ambrona Secretary General, Spain Chamber of Commerce (Spain)  Mr. Izzet Volkan Chairman of the Board, Corlu Chamber of Commerce and Industry (Türkiye)  Mr. Salem Al Shamsi Vice-President for International Relations, Dubai Chambers (United Arab Emirates)   Mr. Gennadiy Chyzhykov President, Ukrainian Chamber of Commerce (Ukraine)  Mr. Ahmed M. El Wakil President, Association of the Mediterranean Chambers of Commerce and Industry (ASCAME) (Transnational)  Mr. Yousef Khalawi Secretary General, Islamic Chamber of Commerce and Development (Transnational)  Mr. Natalio Mario Grinman President, Ibero-American Association of Chambers of Commerce (AICO) (Transnational)  Mr. Peter McMullin President, Confederation of Asia Pacific Chambers of Commerce and Industry (CACCI) (Transnational)  Mr. Ben Butters CEO, Eurochambres (Transnational)  Dr. Khaled Hanafy Secretary General, Union of Arab Chambers (Transnational) 

    MIL OSI Global Banks –

  • MIL-OSI Banking: Media release: East coast gas market review an opportunity to strengthen investment and increase supply – Australian Energy Producers

    Source: Australian Petroleum Production & Exploration Association

    Headline: Media release: East coast gas market review an opportunity to strengthen investment and increase supply – Australian Energy Producers

    Australian Energy Producers welcomes the Federal Government’s review of the east coast gas market to deliver the natural gas needed to power the economy, put downward pressure on prices, and remain a reliable export partner. 

    Australian Energy Producers Chief Executive Samantha McCulloch said industry supported the Government’s commitment to consolidating and streamlining regulations and creating a long-term stable regulatory environment to facilitate investment in new supply. 

    “The review is an opportunity to future-proof the east coast gas market and ensure reliable and affordable gas supply for Australian households and manufacturers,” Ms McCulloch said.

    “Natural gas will play a critical role in Australia’s energy mix for decades to come. The east coast gas market needs to be fit-for-purpose to support continued investment in our abundant gas resources and avoid projected shortfalls.  

    Ms McCulloch said the review should focus on delivering new gas supply by streamlining regulation, restoring market signals, and eliminating duplicative and onerous reporting requirements. 

    “The Government’s Future Gas Strategy makes clear that natural gas will remain critical to Australia’s energy security through to 2050 and beyond. This requires a strong, stable and competitive east coast gas market that encourages investment and timely supply.” 

    The ACCC’s latest report on the east coast gas market released today underscores the urgent need to remove barriers to new gas supply to avoid forecast gas shortfalls. It found “the east coast has sufficient gas reserves and resources to meet projected domestic demand for at least the next decade”, but “a combination of policy, technical and commercial factors over the past 15 years has impeded their development”. 

    “Australian gas producers are committed to delivering the reliable and affordable gas supply Australians need, and we look forward to working constructively with government, gas users and stakeholders throughout the review,” Ms McCulloch said. 

    Media Contact: 0434 631 511

    MIL OSI Global Banks –

  • MIL-OSI United Kingdom: Fuel margins remain high despite lower fuel prices, CMA finds

    Source: United Kingdom – Executive Government & Departments

    Press release

    Fuel margins remain high despite lower fuel prices, CMA finds

    Today’s monitoring report sets out the Competition and Market Authority’s (CMA) observations on developments in the UK’s road fuel retail market since the previous update in March 2025.

    Dan Turnbull, Senior Director of Markets at the CMA, said:   

    While there is uncertainty over how global events will impact the price of oil, our report shows fuel margins remain high compared to historic levels despite lower prices at the pump in recent months. 

    The government committed to launching a ‘fuel finder’ scheme following our recommendation to help drivers compare real time prices and boost competition. Once launched, it will make it easier than ever to shop around and find the best deals.

    Fuel prices 

    Fuel prices across the UK decreased for both petrol and diesel from end of February 2025 to end of May 2025. These movements reflect in part changing crude oil prices and refining spreads, both of which are driven by global factors. 

    The average petrol and diesel prices at the end of May 2025 were 132.0 and 138.4 pence per litre (ppl) respectively. This represents a decrease of 7.6 ppl and 8.4 ppl in petrol and diesel prices compared to the end of February 2025.  

    Fuel margins 

    A retailer’s fuel margin is the difference between what it pays for fuel and what it sells it at. The CMA found that fuel margins were similar to the high levels seen during its road fuel market study – a review of the market to understand the factors influencing fuel prices undertaken in 2023 – which suggests overall competition in the UK’s road fuel retail market remains weak. 

    Supermarket fuel margins fell from 8.9% in December 2024 to 7.9% in February 2025, before rising to 8.3% in March 2025. Non-supermarket fuel margins fell from 9.9% in December 2024 to 8.9% in January 2025, before rising to 10.4% in March 2025. 

    This report does not consider developments in operating costs since the road fuel market study. The CMA will undertake a review of fuel retailer operating costs in its first annual road fuel monitoring report later this year to assess whether operating cost changes are impacting fuel margins for large retailers. 

    Retail spreads 

    The CMA also looked at the retail spread – the average price that drivers pay at the pump compared to the benchmarked price that retailers buy fuel at – across the UK from March 2025 to May 2025. 

    Petrol retail spreads averaged 15.4 ppl, which was 1.5 ppl higher than the previous 4 months period – and still more than double the average of 6.5 ppl over 2015-19. Diesel retail spreads averaged 18.8 ppl, which was 4.6 ppl higher than the previous 4 months period and more than double the average of 8.6 ppl in 2015 – 2019. 

    While spread analysis can give a quick overview of trends in the sector, it is a less reliable indicator of competitive intensity than individual retailers’ fuel margins. Retail spreads increase and decrease in response to the volatility of wholesale prices but should return to a normal range over time, if the market is working well. 

    Road fuel market study 

    At the end of its road fuel market study, the CMA recommended a new monitoring function and fuel finder scheme to government. 

    The CMA has taken on the new statutory monitoring function, which will provide ongoing scrutiny of prices to encourage effective competition between retailers and help keep prices low for drivers. This update is based on data provided to the CMA by fuel retailers using its new information gathering powers granted under the Digital Markets, Competition and Consumers Act. 

    The ‘fuel finder’ scheme will allow drivers to compare real-time fuel prices, via navigation apps, in-car devices and comparison websites. The government’s aim is to launch the scheme by the end of this year, subject to legislation and parliamentary time.  

    Further details about the CMA’s road fuel monitoring function, including previous reports and guidance, can be found on the collection page. 

    Notes to editors 

    1. The CMA issued section 311 Information Notices to the following retailers: Applegreen PLC; Arthur Foodstores Limited, Asda Express Limited, and Asda Stores Limited (Asda); BP Oil UK Limited; Esso Petroleum Company Limited; Moto Hospitality Limited; Motor Fuel Group; Rontec Roadside Retail Limited; J Sainsbury PLC; Shell PLC; Tesco PLC; and Welcome Break Group Limited. 

    2. Motor Fuel Group announced the completed acquisition of Morrisons PFSs in the UK on 30 April 2024. 

    3. All enquiries from journalists should be directed to the CMA press office by email on press@cma.gov.uk or by phone on 020 3738 6460.

    Updates to this page

    Published 30 June 2025

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Proposed updates to how the starting point for profit rates for vital single source defence contracts are calculated

    Source: United Kingdom – Executive Government & Departments

    News story

    Proposed updates to how the starting point for profit rates for vital single source defence contracts are calculated

    We are consulting on updates to the way that profit rates for defence-related single source contracts are calculated.

    Each year, the SSRO undertakes a robust process to assess the appropriate baseline profit rate (BPR) for single source defence contracts using the published BPR methodology. The BPR is the first step of the four-step process in determining the contract profit rate that applies in determining the price of Ministry of Defence (MOD) contracts let without competition, known as Qualifying Defence Contracts (QDCs) and Qualifying Sub-Contracts (QSCs). It is a vital building block to delivering fast paced defence procurement of some of the most strategically significant capabilities for the nation.

    The BPR is only the starting point for agreeing contract profit rates, and contractors can, and do, earn significantly higher rates when they take on risk and perform well throughout the contract duration, but they can also earn less when they fail to perform.

    We are proposing amendments to the criteria used in the BPR methodology to select comparable companies in response to two external changes:

    1. The methodology relies on selecting comparable companies to benchmark their profits using codes from a classification system called NACE (Nomenclature of Economic Activities), which categorises businesses based on their economic activities. The NACE database has been updated, meaning the BPR methodology must be updated accordingly.

    2. The methodology has a company size threshold which filters out small companies and it is proposed that this aspect of the BPR methodology is updated to remain consistent with the new UK regulations which revise company size thresholds.

    We are also looking to conclude on the two remaining proposals from the previous BPR activities review phase 2 consultation from 2024.

    We are consulting on these changes to keep the BPR methodology accurate, up to date and reflective of appropriate comparators. This will help us to produce a baseline profit rate which supports our aims of ensuring value for money for the taxpayer and fair and reasonable prices for contractors in support of the delivery of essential defence capabilities in the UK.

    The consultation will run until 5pm on 11 August 2025.  For more information, and details of how to respond, please see the consultation webpage.

    Updates to this page

    Published 30 June 2025

    MIL OSI United Kingdom –

  • MIL-OSI: Sydbank A/S share buyback programme: transactions in week 26

    Source: GlobeNewswire (MIL-OSI)

    Company Announcement No 29/2025

    		 Peberlyk 4
    6200 Aabenraa
    Denmark

    Tel +45 74 37 37 37
    Fax +45 74 37 35 36

    Sydbank A/S
    CVR No DK 12626509, Aabenraa
    sydbank.dk
    30 June 2025  

    Dear Sirs

    Sydbank A/S share buyback programme: transactions in week 26
    On 26 February 2025 Sydbank A/S announced a share buyback programme of DKK 1,350m. The share buyback programme commenced on 3 March 2025 and will be completed by 31 January 2026.

    The purpose of the share buyback programme is to reduce the share capital of Sydbank A/S and the programme is executed in compliance with the provisions of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 and Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016, collectively referred to as the Safe Harbour rules.

    The following transactions have been made under the share buyback programme:

      Number of shares VWAP Gross value (DKK)
    Accumulated, most recent
    Announcement

    1,093,000

    		  

    462,805,840.00
    23 June 2025
    24 June 2025
    25 June 2025
    26 June 2025
    27 June 2025    		 14,000
    12,000
    12,000
    12,000
    6,000    		 431.21
    438.28
    437.46
    437.72
    461.20    		 6,036,940.00
    5,259,360.00
    5,249,520.00
    5,252,640.00
    2,767,200.00
    Total over week 26 56,000   24,565,660.00
    Total accumulated during the
    share buyback programme

    1,149,000

    		  

    487,371,500.00

    All transactions were made under ISIN DK 0010311471 and effected by Danske Bank A/S on behalf of Sydbank A/S.

    Further information about the transactions, cf Article 5 of Regulation (EU) No 596/2014 of the European Parliament and of the Council on market abuse and Commission delegated regulation, is available in the attachment.

    Following the above transactions, Sydbank A/S holds a total of 1,149,222 own shares, equal to 2.24 % of the Bank’s share capital.

    Yours sincerely
            
    Mark Luscombe        Jørn Adam Møller
    CEO        Deputy Group Chief Executive

    Attachment

    The MIL Network –

  • MIL-OSI: Intellias strengthens cloud transformation capabilities as one of only 19 Google Cloud DevOps specialists worldwide

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, June 30, 2025 (GLOBE NEWSWIRE) — Intellias, a global software engineering and digital consulting company, today announced that it has earned the highly coveted Google Cloud DevOps Specialization. Fewer than one percent of all Google Cloud partners—just 19 out of more than 2,300 worldwide—hold this distinction, underscoring the firm’s leadership in cloud-native engineering and DevOps delivery.

    Becoming a Specialized partner elevates the company’s status within the Google Cloud Partner Advantage Program, providing the business with a significant endorsement for the work it does across North America, Latin America, Europe, the Middle East, Africa, Japan and Asia-Pacific. For Intellias, the recognition affirms a long-term strategy of investing in advanced engineering talent, rigorous best practices, and deep Google Cloud expertise.

    “Achieving the DevOps Specialization proves we can translate advanced engineering into real business value,” said Regina Viadro, SVP Global Head of Digital Technology Services and President, North America at Intellias. “Our clients trust us to modernize critical infrastructure and reduce time to impact—and this credential validates that trust.”

    Dmytro Vedetskyi, Head of Cloud and DevOps at Intellias, added: “Earning the Google Cloud DevOps Specialization is a significant achievement that showcases our team’s extensive technical expertise and demonstrated ability to deliver impactful results for clients. This recognition is more than just a successful audit — it stands as a testament to Google Cloud’s trust in us as a strategic partner. It underscores our ongoing commitment to innovation, excellence, and the strength of our technology-driven professional team.”

    The Google Cloud DevOps Specialization is the program’s highest technical credential. To qualify, partners must pass an independent technical assessment, present verified customer success stories, and maintain a team of certified engineers.

    What this means for clients

    With the specialization in place, Intellias clients can expect:

    • Faster time-to-market: Automated CI/CD pipelines that shorten release cycles and speed new-feature delivery.
    • Higher reliability: Cloud-native architectures and Site Reliability Engineering (SRE) practices that improve uptime and performance.
    • Lower operational overhead: Infrastructure-as-code and automated provisioning that cut manual effort and reduce costs.
    • Future-proof scalability: Modern DevOps toolchains built on Google Cloud that grow seamlessly with business demand.

    Intellias will continue to expand its DevOps and cloud services portfolio, helping organizations re-architect legacy systems, adopt cloud-first strategies, and innovate at startup speed, all while maintaining enterprise-grade security and governance.

    Notes to editors

    About Intellias

    Intellias is a global software engineering and digital consulting company. Operating as a trusted technology partner to top-tier organizations, the firm helps companies operating in North America, Europe, and the Middle East accelerate their pace of sustainable digitalization and embrace innovation at scale. For more than 20 years, Intellias has been building mission-critical projects and delivering measurable outcomes to ensure lasting change for its clients, such as HERE Technologies, TomTom, ZEEKR, HelloFresh, and Travis Perkins.

    Olha Kolomiichuk – olha.kolomiichuk@intellias.com

    The MIL Network –

  • MIL-OSI Africa: Cassava Technologies partners with the South African Artificial Intelligence Association to boost local access to Artificial Intelligence (AI) compute services

    Cassava Technologies (https://www.CassavaTechnologies.com), a global technology leader of African heritage, is pleased to announce that it has signed a Memorandum of Understanding (MOU) with the South African AI Association (SAAIA), an industry body focused on growing responsible AI adoption, to deliver artificial intelligence (AI) solutions and GPU-as-a-Service (GPUaas) across the African continent.  

    In terms of the agreement, SAAIA’s more than 3,000 AI practitioners, comprising entrepreneurs, researchers, and members of the wider business community in South Africa, will have access to Cassava’s data centre GPUs to develop and deploy local AI solutions and initiatives. The two organisations will also collaborate on initiatives aimed at supporting the regional and broader African AI ecosystem.

    “We are proud to partner with SAAIA to support the growth of Africa’s AI ecosystem. By extending our advanced AI infrastructure and capabilities to SAAIA’s growing community of AI professionals, we’re enabling greater access to the compute power required to build, test, and scale innovative local solutions. We believe this partnership will deliver meaningful value to both organisations and, more importantly, to the business and research communities driving AI development on the continent,” said Ziaad Suleman, CEO of Cassava Technologies South Africa and Botswana.

    As South Africa’s leading AI ecosystem builder, the South African Artificial Intelligence Association is focused on promoting the advancement of responsible AI in the country by uniting thousands of AI practitioners across the commercial, government, academic, startup, and NGO sectors. SAAIA also hosts the largest AI event in Africa, AI Expo Africa, and serves as a driving force behind trade and investment in the continent’s rapidly expanding smart technology segment.

    “SAAIA is pleased to be partnering with Cassava Technologies in strengthening AI in South Africa.  Supporting local AI entrepreneurs is a key pillar of SAAIA, and access to GPU-as-a-Service is a key enabler to growing the emerging AI startup ecosystem,” said SAAIA Founder and Chairman, Dr Nick Bradshaw. 

    Cassava’s collaboration with SAAIA reinforces its commitment to providing world-class digital solutions and advancing responsible AI adoption, innovation, and growth in Africa. It follows Cassava’s recent announcement of plans to build Africa’s first AI factory, providing local businesses, governments, and researchers with access to cutting-edge AI computing capacity. This aligns with Cassava’s vision of being the leading digital solutions provider in its chosen markets, empowering Africans to thrive in the digital economy. 

    Distributed by APO Group on behalf of Cassava Technologies.

    About Cassava Technologies:
    Cassava Technologies is a global technology leader of African heritage providing a vertically integrated ecosystem of digital services and infrastructure enabling digital transformation. Headquartered in the UK, Cassava has a presence across Africa, the Middle East, Latin America and the United States of America. Through its business units, namely, Cassava AI, Liquid Intelligent Technologies, Liquid C2, Africa Data Centres, and Sasai Fintech, the company provides its customers’ products and services in 94 countries. These solutions drive the company’s ambition of establishing itself as a leading global technology company of African heritage. https://www.CassavaTechnologies.com/ 

    MIL OSI Africa –

  • MIL-OSI United Kingdom: Plymouth Armed Forces Week 2025 proves to be a huge success.

    Source: City of Plymouth

    Visitors and residents turned up in their thousands to show respect to our Service Personnel past and present in a week-long celebration in Plymouth which culminated in the spectacular Armed Forces Day – in association with international defence company Babcock International Group (Babcock), on Saturday 28 June. For a city with a proud military history, this was a real opportunity to come together and celebrate.

    On Monday 23 June, the week opened with an official ceremonial raising of the Armed Forces flag outside Plymouth Guildhall, which was attended by the Lord Mayor of Plymouth, Councillor Kathy Watkin and Captain Iain Ritchie representing the Naval Base Commander, alongside other military and civic leaders.

    The sun shone for the participants and spectators of the Strength of Spirit Games Rehabilitation Triathlon, hosted by the Royal Navy, sponsored by AECOM and Defence Recovery. The city welcomed over 150 Service Personnel in recovery and medically discharged veterans, who took part in the swim, bike and row events with an international team from the Netherlands, taking full advantage of the newly refurbished art-deco Tinside Lido and the view over Plymouth Hoe.

    The Plymouth School Sports Partnership Junior Rowing Challenge, sponsored by AECOM took place for the second year, with 150 children from military families, representing 24 local primary schools, competing on the Hoe. Thank you to our sponsors and delivery partners South West Highways, Plymouth Active Leisure and Samworth Brothers Cornwall for their support.

    Congratulations to all participants who took part in the Strength of Spirit Games. Plympton St. Maurice Primary were the overall winning team at The Plymouth School Sports Partnership Junior Rowing Challenge.

    Darren Carlile, Head of National Security UK&I AECOM, said: “The Strength of Spirit Games and Junior Rowing Competition brought together exceptional individuals, each demonstrating remarkable resilience, determination and character. From the enthusiasm of the junior participants to the inspiring strength of veterans, it was great to see such memorable moments. Congratulations to all who took part.”

    Plymouth Armed Forces Day took place on Saturday with a full day’s programme incorporating, displays, parades, demonstrations, and entertainment culminating in an evening concert. It was a wonderful opportunity to recognise and celebrate the contributions of the Armed Forces both past and present.

    Cabinet Member for Community Safety, Libraries, Events, Cemeteries and Crematoria, Councillor Sally Haydon, said: “The week-long Armed Forces celebration in Plymouth is not only an opportunity to see inspirational athletes and enjoy a family-fun day of thrilling demonstrations, interactive displays and entertainment, but also a hugely important week to show our support to the Armed Forces community and to thank them for the great work they do”.

    Visitors from far and wide came to explore the military villages and enjoyed tackling some of the hands-on challenges and climbing on-board the vehicles and equipment, including the Royal Marines Raiding Craft and the Army’s weapon displays. There were dynamic displays from the Royal Navy including the battlefield ambulance and dive tank whilst, the RAF recruitment team chatted to visitors about career opportunities and the Cadets were running desk-top simulators for visitors to try.

    John Gane, Site Managing Director at Babcock’s Devonport facility, said: “Hosting this military showcase annually in Plymouth provides an excellent opportunity for the community to learn more about the critical role that our Armed Forces play in keeping our country safe – something Babcock is proud to support. This year’s events attracted more visitors than ever before, and we were pleased to welcome so many visitors to our busy stand on Armed Forces Day.”

    One of the many highlights included the Merlin Mk4 helicopter which commanded a steady flow of visitors throughout the day chatting to the air crew and engineers.

    The Emergency Services had an array of displays and equipment to explore, including the Fire Service, Police, Dartmoor Search and Rescue Team Plymouth, RNLI and Coastguard Search and Rescue. They all had teams on-hand to offer advice and explain how and when they use their emergency equipment.

    The Veterans Village, supported by the Royal British Legion Devon County, saw a continuous stream of visitors to the 100+ charities and organisations offering information, support and advice, for both serving military personnel and veterans. For the car enthusiast there were plenty of vintage military vehicles to admire, plus a display from City West Country and Ocean BMW Motorbikes.

    Families loved the arena programme with the Parade of Standards, led by the City of Plymouth Pipe Band and thrilling demonstrations from Team Endeavours Punishers Wheelchair Rugby, plus REORG Ju Jitsu who were new to the event and wowed the crowds with their exciting demonstration.  There were Cadet parades and bands and live music, including the Theatre Royal’s Plymouth’s Armed Forces Choir.

    Congratulations to Pennycross Primary School for breaking the fastest time world record at the Junior Field Gun tournament, which ran throughout the day. They were presented the silver trophy by Vice Admiral, Andrew Burns, Fleet Commander of the Royal Navy, and they also won the points cup!

    ​

    The day finished with a lively free evening concert, sponsored by C&G Catering, which included a line-up of brilliant performances where the crowds danced and sang a-long to, with the stunning backdrop of Plymouth Sound National Marine Park.

    Thank you to our Armed Forces Day sponsors and delivery partners, Babcock International, Royal British Legion Devon County, C&G Catering, Foster for Plymouth, South West Highways, Plymouth CityBus, and Ivor Dewdney Pasties for their support.

    To watch the video from Armed Forces Day, and for more information, visit: plymoutharmedforcesday.co.uk. For further information about Babcock International, visit: babcockinternational.com

    For more information about other events taking place in the city, visit: visitplymouth.co.uk

    MIL OSI United Kingdom –

  • MIL-OSI Russia: Artek at 100%! Polytech took part in the anniversary of the children’s center

    Translation. Region: Russian Federal

    Source: Peter the Great St Petersburg Polytechnic University – Peter the Great St Petersburg Polytechnic University –

    The International Children’s Center “Artek” celebrates its centenary this year. Over its century-long history, the camp has become a real forge of talents. It unites children from different regions of Russia and countries and opens up new horizons for them.

    Artek hosted the technology festival “From Dream to Progress”, dedicated to the development of the latest technologies in various sectors of the country – construction, agriculture, space industry, medicine. The event was attended by representatives of the Russian ministries, universities, as well as various companies such as VKontakte, Russian Railways, Sberbank.

    Polytech is one of Artek’s key partners. Every year, the university holds specialized shifts at the International Children’s Center aimed at developing engineering thinking, modern skills, and scientific and technical creativity, helping talented children find their way.

    The University organized several interactive platforms for the participants of the anniversary shift. One of them was called “Programming Microorganisms”. There, schoolchildren learned how genetic engineering changes medicine, agro-industry and food technologies. Under the guidance of IBSiB students Alena Babich and Matvey Mokan, the children immersed themselves in the world of genetic code, tried to create and edit DNA on models.

    At the site “Electronics for Space and Telecommunication Systems of the “Smart Environment”” the participants got acquainted with the latest systems of space and ground communications, got the opportunity to work with a real nanosatellite. As part of teams, they processed data received from spacecraft and ground sources of radio signals. Engineer of the Institute of Electrical Engineering and Telecommunications Alexandra Kuznetsova and assistant of the institute Sergey Melnikov spoke about promising professions in the field of space technologies.

    At the “Smart City Unmanned Systems” site, schoolchildren equipped models of unmanned vehicles with the necessary equipment. They studied the operating principles of sensors and probes, understood the logic of placing devices on unmanned vehicles, and gained an understanding of the technologies of the “smart city” of the future. The master class was conducted by Georgy Vasilyanov, senior lecturer at the Institute of Scientific and Technical Sciences, and Vladimir Voronov, engineer at the Institute of Scientific and Technical Sciences. The site continued a long-standing tradition. Every year, Polytechnic University holds a specialized shift in Artek dedicated to the technologies of the “smart city” and autonomous transport.

    For us, cooperation with Artek is an opportunity to spark children’s interest in science and innovation today. We see how the children who have attended our shifts return home with new knowledge and a desire to change the world for the better. During specialized shifts, we strive to inspire participants by showing them the connection between school knowledge, university education and the professions of the future. Through the interaction of science and industry, we demonstrate how innovations make life better, and high-quality education opens the way to the profession of your dreams, – noted Artem Egupov, Director of the Center for Work with Applicants at SPbPU.

    On Artek’s birthday, Polytech prepared interactive platforms demonstrating key areas of technological development. Not only the participants of the Artek shift, but also children from all over Crimea invited to this event were able to get acquainted with the advanced developments of the university.

    The festival’s guests of honor were Deputy Prime Minister of Russia Dmitry Chernyshenko and Minister of Education of the Russian Federation Sergey Kravtsov, who viewed the exhibits. Dmitry Chernyshenko especially noted the interactive platforms of SPbPU, emphasizing that they attract the largest number of participants and serve as a striking example of an effective combination of educational methods with modern technologies.

    The Artek anniversary ended with a celebration in which more than 4,000 children took part. The main event was the musical “100 Years of the Childhood Road” – a colorful show that told about the centuries-old history of the camp, from the first days to the present day.

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News –

  • MIL-OSI United Kingdom: Inspiring Ruth is national dementia award winner

    Source: City of Coventry

    Our adult social care services are celebrating after three colleagues and partners were recognised in the National Dementia Care Awards for 2025, held last week in London

    The colleagues are all a part of the Coventry Dementia Partnership Hub (CDPH).

    Ruth Chauhan won her category of “Inspirational person with dementia” for her work at CDPH.

    Ruth is a key member of the CDHP, and as a person living with a dementia, she really does show that you can live well with dementia.

    As well as delivering services through Amba Care Solutions, a company set up by Ruth and her husband Jay, she also dedicates her time to the hub, running two very successful sessions.

    On a Monday, she runs Meaningful Moments whereby for people with dementia and at the same time a session for carers.

    Her target group is people from the Asian communities, to try and make our services more accessible to a wide range of people.

    Ruth is also a member of the CDPH ‘Culturally Inclusive’ group where the aim is to reach out to underserved communities, she volunteers her time and expertise whenever it is needed.

    Ruth has also provided dementia training to some of our partners including the Police, Fire Service and Lions Club of Coventry Godiva.

    Ruth said: “It was an honour just to be nominated – thanks April Ross. I couldn’t quite believe it when they announced my name as the winner. This award is for everyone who overcomes the difficulties that come with a cognitive impairment.

    “If I can inspire just one person to believe that by embracing a ‘new normal’ you can overcome anything and make a difference, then all the challenges I face every day are worth it.”

    Terri Hallinan, who is the manager of a residential care home for people with Dementia (Eric Williams House) was shortlisted for the Registered Manager in Dementia Care award, Terri was nominated for her excellent leadership skills and dedication to enhancing the lives of people with dementia under her care. The nomination highlighted Terri’s commitment to creating a culturally inclusive environment. Terri said: “It was such a joy to be shortlisted and to attend a night filled with celebration and inspiration. Being surrounded by so many passionate people reminded me just how powerful kindness, dedication, and teamwork can be in making a real difference every day.

    Shashi Prasad (Lions Club for Coventry Godiva) was also shortlisted for the Diversity and Dementia award, which recognised Shashi’s role as chair of the Culturally Inclusive sub-group which sits under the Coventry Dementia Partnership Hub (CDPH) work.

    Shashi’s role is integral to raising awareness of dementia in global majority communities, seeking to break down stigmas around dementia. This group’s work was publicised in a worldwide Common Age report. Shashi has worked with the Council to create dementia awareness videos in different languages as part of raising awareness.

    Cllr Linda Bigham, Cabinet Member for Adult Services, said: “This is wonderful news. Coventry really does have many amazing people working in care or as carers or engaging with care services. There is so much love and joy in the services I witness every day, which proves you can live to your potential, whatever your circumstances. Congratulations to Ruth, Terri and Shashi.”

    MIL OSI United Kingdom –

  • MIL-OSI Russia: Canada to scrap digital services tax to advance broader US trade talks

    Translation. Region: Russian Federal

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

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

    OTTAWA, June 29 (Xinhua) — Canada will scrap its digital services tax pending a mutually beneficial comprehensive trade deal with the United States, Finance Minister Francois-Philippe Champagne said Sunday.

    Canadian Prime Minister Mark Carney and US President Donald Trump have agreed to resume talks with the goal of completing a deal by July 21, according to the Treasury Department.

    F-F. Champagne will soon introduce a bill to repeal the Digital Services Tax Act, the department said in a statement.

    M. Carney called the negotiations “difficult,” commenting on D. Trump’s statement about ending all trade negotiations with Canada and considering the possibility of introducing new tariffs.

    “We will continue to engage in these difficult negotiations in the best interests of Canadians,” Mr. Carney told local media.

    D. Trump said the United States is ending negotiations in response to Canada’s planned digital services tax on American tech companies.

    The American leader called the tax a “direct and blatant attack” on the United States.

    The tax, which was set to go into effect Monday, would have levied three percent of revenue from Canadian users on U.S. companies such as Amazon, Google and Meta. –0–

    MIL OSI Russia News –

  • MIL-OSI Russia: Indonesia launches major electric vehicle battery project

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian –

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

    JAKARTA, June 30 (Xinhua) — Indonesian President Prabowo Subianto on Sunday attended a groundbreaking ceremony for a major electric vehicle battery manufacturing mega project in Karawang, West Java province.

    The project, with a total investment of US$6 billion, covers nickel mining and processing, battery material production, battery assembly and recycling.

    Indonesia is currently the world’s largest producer of nickel and has the largest proven reserves of the metal, which is a key component in electric vehicle batteries.

    The project is being implemented by state-owned mining company PT Aneka Tambang (Antam), state-owned investment holding company PT and Indonesia Battery Corporation (IBC) together with China’s Ningbo Contemporary Brunp Lygend Co., Ltd. (CBL).

    “This groundbreaking ceremony is a testament to the seriousness of our leaders’ commitment to working with our partners and friends in China. We can work together on a program that I think is a tremendous, remarkable breakthrough,” Prabowo Subianto said in his speech at the ceremony.

    Indonesian Energy and Mineral Resources Minister Bahlil Lahadalia said the project is expected to create 35,000 jobs and contribute up to $42 billion a year to Indonesia’s GDP.

    He also noted that the plant will be able to produce batteries for 300,000 cars, which will help reduce Indonesia’s fuel imports by about 300,000 kiloliters per year.

    Bahlil Lahadalia added that the project is in line with the president’s vision for a more equitable national development. Although the project will start in Java, about three-quarters of the total investment is planned for North Maluku province. -0-

    MIL OSI Russia News –

  • MIL-OSI: Danske Bank share buy-back programme: transactions in week 26

    Source: GlobeNewswire (MIL-OSI)

    Company announcement no. 31 2025

    Danske Bank

    Bernstorffsgade 40

    DK-1577 København V

    Tel. + 45 33 44 00 00

    30 June 2025

    Page 1 of 1

    Danske Bank share buy-back programme: transactions in week 26

    On 7 February 2025, Danske Bank A/S announced a share buy-back programme for a total of DKK 5 billion, with a maximum of 45,000,000 shares, in the period from 10 February 2025 to 30 January 2026, at the latest, as described in company announcement no. 6 2025.

    The Programme is carried out in accordance with Article 5 of Regulation (EU) No 596/2014 of the European Parliament and Council of 16 April 2014 (the “Market Abuse Regulation”) and the Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016 (together with the Market Abuse Regulation, the “Safe Harbour Rules”).

    The following transactions on Nasdaq Copenhagen A/S were made under the share buy-back programme in week 26:
      Number of shares VWAP DKK Gross value DKK
    Accumulated, last announcement 7,250,338 230.5860 1,671,826,202
    23 June 2025 175,184 253.1630 44,350,107
    24 June 2025 191,968 258.7310 49,668,073
    25 June 2025 50,000 257.8930 12,894,650
    26 June 2025 50,000 255.8267 12,791,335
    27 June 2025 50,000 258.6284 12,931,420
    Total accumulated over week 26 517,152 256.4731 132,635,585
    Total accumulated during the share buyback programme 7,767,490 232.3095 1,804,461,787

    With the transactions stated above, the total accumulated number of own shares under the share buy-back programme corresponds to 0.930% of Danske Bank A/S’ share capital.

    Danske Bank

    Contact: Claus Ingar Jensen, Head of Group Investor Relations, tel. +45 25 42 43 70

    Attachment

    The MIL Network –

  • MIL-OSI Video: Opening & 1st Plenary- 4th International Conference on Financing for Development FFD4 Sevilla, Spain

    Source: United Nations (video statements)

    The 4th International Conference on Financing for Development (FFD4) will be held in Sevilla, Spain, from 30 June to 3 July 2025. The Conference will bring together global leaders and key stakeholders to accelerate action and partnerships to finance sustainable development and achieve the SDGs. The opening will mark the official launch of the Conference and set the tone for a week of high-level engagement and dialogue.

    The opening of the FFD4 Conference will feature statements by high-level dignitaries including Pedro Sánchez, President of the Conference and the President of the Government of Spain; António Guterres, Secretary-General of the United Nations; Philemon Yang, President of the UN General Assembly; Bob Rae, President of ECOSOC; Ajay Banga, President of the World Bank Group; Ngozi Okonjo-Iweala, Director-General of the WTO; and Li Junhua, Secretary-General of the Conference and a Representative of the International Monetary Fund. Following the opening remarks, the Conference will address key procedural matters. The opeing statments will be followed a general debate and statements by Heads of State or Government, ministers, and heads of delegation, setting the stage for a week of high-level discussions on mobilizing financing for the SDGs.

    More info: https://financing.desa.un.org/FFD4

    To watch all other events from FF4D in all languages, visit: https://webtv.un.org/en/search/categories/meetings-events/conferences/international-conference-financing-development/fourth-session

    https://www.youtube.com/watch?v=G03SASjftAE

    MIL OSI Video –

  • MIL-OSI United Kingdom: Cabinet Secretary visits landmark mine water heat scheme

    Source: United Kingdom – Executive Government & Departments

    Press release

    Cabinet Secretary visits landmark mine water heat scheme

    Welsh Minister Rebecca Evans opens Wales’ first commercial mine water heat scheme in Ammanford, showcasing low-carbon energy from former coal mines.

    Wales’ first commercial mine water heat scheme, in Ammanford, has been officially opened today by Welsh Government Cabinet Secretary Rebecca Evans.

    The pioneering project was developed by the Mining Remediation Authority, at its existing Lindsay mine water treatment scheme, in partnership with local renewable energy company Thermal Earth Ltd and Innovate UK.

    Low-carbon heating and hot water is now being delivered to an industrial unit and offices on the Capel Hendre Industrial Estate in a flagship example of how Wales is turning its industrial past into a sustainable energy future.

    Rebecca Evans MS, Welsh Government Cabinet Secretary for Economy, Energy and Planning, said:

    In Wales, we want to lead the way in renewable energy solutions that make the most of our industrial heritage.

    By repurposing our former mining infrastructure to provide clean, sustainable heat, we are not only reducing carbon emissions but also creating new economic opportunities in our communities and strengthening local economies.

    The Lindsay scheme uses heat exchangers submerged in treatment ponds to extract warmth from naturally heated mine water, which is then boosted to replace fossil fuel heating, saving an estimated 17.5 tonnes of CO₂ annually.

    It was identified as a prime opportunity through detailed mine water heat mapping commissioned by the Welsh Government and delivered by the Mining Remediation Authority.

    This work forms part of the Heat Strategy for Wales and highlights areas where mine water schemes could play a significant role in decarbonising heat and supporting local energy planning.

    Andrew Simpson, head of Innovation, By-Products and Service Delivery at the Mining Remediation Authority, said:

    Today marks a proud moment for everyone involved. This isn’t just a technical achievement, it’s a statement of intent. We’re showing that mine water heat can be a practical, scalable solution for decarbonising heat. It’s a model we hope to see replicated across Wales and beyond.

    Nick Salini, managing director of Thermal Earth Ltd, added:

    This project is proof that local innovation can drive national change. As a business rooted in Ammanford, we’re proud to be part of a scheme that’s not only reducing our carbon footprint but also demonstrating what’s possible when public and private sectors work together with a shared vision.

    Project partners and stakeholders toured the site, which has been operational since March 2025 and forms part of a broader programme by the Mining Remediation Authority to explore the geothermal energy potential of Britain’s coalfields, including any opportunities at more than 80 mine water treatment sites it already operates to protect and enhance the environment.

    This latest development builds on the success of earlier projects in the North East of England, including the privately funded scheme at Lanchester Wines, Gateshead, which has been using mine water to provide low-carbon space heating since 2018.

    More recently, the Gateshead Energy Company mine water heat network, the UK’s first large-scale scheme of its kind, began supplying heat to homes, public buildings and businesses in 2023.

    These projects have demonstrated the reliability and potential of mine water heat, laying the groundwork for wider adoption across the UK.

    Further momentum is building with the Seaham Garden Village project in County Durham, currently under development, which aims to use mine water heat to supply 750 new homes, showcasing how mine water energy can support large-scale, sustainable housing developments.

    The Mining Remediation Authority is also progressing discussions with local authorities and industry partners across Great Britain. This includes scoping of potential sites in Wales with Rhondda Cynon Taf, Caerphilly, Flintshire and Blaenau Gwent councils, as well as wider engagement to identify and develop future mine water heat schemes that can support the transition to low-carbon heating at scale.

    For media enquiries contact the community response team

    Email communityresponse@miningremediation.gov.uk

    Telephone 0800 288 4211

    For emergency media enquiries (out of hours) call: 0800 288 4242.
    Only urgent media calls will be attended to.

    Updates to this page

    Published 30 June 2025

    MIL OSI United Kingdom –

  • MIL-OSI: CryptoMiningFirm Launches GreenMine 2.0: A Next-Generation, AI-Powered, Carbon-Neutral Cloud Mining Platform

    Source: GlobeNewswire (MIL-OSI)

    London, UK, June 30, 2025 (GLOBE NEWSWIRE) — CryptoMiningFirm, a global innovator in green cloud mining solutions, today announced the official launch of its next-generation platform, GreenMine 2.0, a fully automated and carbon-neutral cloud mining ecosystem. With this release, CryptoMiningFirm aims to democratize cryptocurrency mining by eliminating traditional entry barriers such as hardware investment, technical expertise, and high electricity costs.

    Leveraging AI-driven automation, renewable energy, and a zero-threshold onboarding model, GreenMine 2.0 empowers users globally to generate passive income through the mining of Bitcoin, Litecoin, Dogecoin, and other top digital currencies — directly from their mobile devices.

    Bitcoin Nears All-Time Highs as Cloud Mining Demand Surges

    CryptoMiningFirm’s announcement comes amid a dramatic surge in Bitcoin prices, which recently rose to $107,340, edging closer to its historical high of $111,917. The rally has been fueled by strong inflows into spot ETFs — with BlackRock’s IBIT alone accounting for over $1.3 billion in net inflows in a single week — and growing expectations of U.S. Federal Reserve interest rate cuts.

    “With global interest in cryptocurrency reigniting, there’s no better time to introduce a smarter, cleaner way to mine digital assets,” said Jane Doe, CEO of CryptoMiningFirm. “We built GreenMine 2.0 so that anyone, anywhere — with no technical skills or capital investment — can tap into the world of crypto mining and start earning immediately.”

    Key Features of CryptoMiningFirm’s GreenMine 2.0

    1. Zero Entry Barrier:

    Users can register in under a minute and receive a free welcome bonus worth $10–$100, allowing them to mine without any upfront investment. The platform guarantees a minimum daily earning of $0.60 from this bonus alone.

    2. Smart Mining Automation:

    The platform’s AI intelligently selects the most profitable cryptocurrencies to mine in real time based on network difficulty, market volatility, and block rewards. Mining is completely automated — no hardware, no coding, and no daily intervention required.

    3. Carbon-Neutral Infrastructure:

    GreenMine 2.0 is powered entirely by 100% renewable energy, including solar and wind sources. The company has also implemented thermal recovery systems that redirect excess heat into local community heating projects, aligning with ESG best practices.

    4. Transparent & Flexible Plans:

    With more than 10 mining contracts available, users can choose between short-term high-yield plans or longer-term value accumulation. Contracts support a wide array of cryptocurrencies including BTC, ETH, DOGE, LTC, and XRP.

    5. App-Enabled Wealth Management:

    Available on both iOS and Android, the CryptoMiningFirm app allows users to monitor real-time earnings, manage contracts, and withdraw funds in just a few taps. Withdrawals are processed in under 60 seconds, with support for over 10 cryptocurrencies.

    A Sustainable Model for Global Crypto Adoption

    CryptoMiningFirm’s cloud-based model solves one of the most pressing challenges in traditional mining: environmental impact. By leveraging globally distributed data centers powered by clean energy, the company eliminates the massive carbon footprint typically associated with crypto mining.

    In addition to zero hardware requirements, the company operates with no hidden fees, offers round-the-clock support, and ensures 100% platform uptime — features that have quickly made it a top choice for both beginners and crypto veterans.

    “GreenMine 2.0 is more than a mining platform. It’s a financial empowerment tool,” said Jane Doe. “Whether you’re a student in India, a remote worker in Kenya, or a retiree in Canada — you can now participate in the crypto economy without risks or restrictions.”

    New Referral and Affiliate System

    To further expand its global user base, CryptoMiningFirm has introduced a referral program that offers up to 4.5% in commissions, capped at $10,000 per referral. This system enables users to monetize their networks while contributing to the adoption of decentralized finance (DeFi) tools worldwide.

    Upcoming Roadmap & Expansion

    The company plans to roll out several enhancements in the coming months, including:

    • Smart contract-based earnings verification for transparency and auditability
    •  Staking-as-a-Service modules to complement mining income
    •  AI portfolio rebalancing tools to help users maximize ROI across digital assets

    Localized data centers in Latin America and Southeast Asia to reduce latency and boost regional performance

    CryptoMiningFirm is also working on integrating Fiat-to-Crypto payment gateways, allowing users to fund accounts via credit cards or bank transfers and further easing access for first-time crypto users.

    Industry Recognition and Compliance

    With its focus on transparency, CryptoMiningFirm adheres to international KYC/AML standards and has undergone multiple third-party audits of its smart contract framework and platform code. The firm is registered in multiple jurisdictions and complies with local data privacy and digital asset laws.

    The company’s current user base spans over 80 countries, with the largest adoption seen in the U.S., Nigeria, India, and Brazil. More than 120,000 active users have joined the platform since its soft launch earlier this year.

    About CryptoMiningFirm

    Founded in 2020, CryptoMiningFirm is a leading provider of green cloud mining solutions that allow individuals and institutions to generate passive income from cryptocurrencies without the need for technical expertise or hardware investments. The company is committed to reshaping the crypto mining landscape through innovation, sustainability, and global accessibility.

    For more information, visit the official website: https://cryptominingfirm.com

    Attachment

    The MIL Network –

  • MIL-OSI Africa: Guinea Chamber of Mines and Critical Minerals Africa Group Sign Landmark Memorandum of Understanding (MOU) to Boost Inward Investment and Accelerate Guinea’s Critical Minerals Sector

    The Guinea Chamber of Mines and Critical Minerals Africa Group (www.CMAGAfrica.com) have today announced the signing of a ground-breaking Memorandum of Understanding (MOU) aimed at fostering strategic partnership, attracting investment, and unlocking the immense potential of Guinea’s critical minerals sector. This alliance marks a significant milestone in Guinea’s journey to becoming a key player in Africa’s industrialisation and global supply chains for critical minerals.

    The MOU underscores a shared commitment to developing Guinea’s vast deposits of bauxite, gold, and, most notably, its rich reserves of critical minerals such as lithium, cobalt, and rare earth elements. By working together, the two organizations aim to streamline investment processes, promote responsible mining practices, and catalyse infrastructural development to support sustainable growth.

    Guinea’s critical minerals sector is poised for exponential growth, driven by global demand for electric vehicles, renewable energy technologies, and advanced electronics. The country’s strategic location, abundant natural resources, and government support position it as a pivotal hub for Africa’s industrialization.

    One of the standout projects fuelling this momentum is the Simandou iron ore and associated mineral deposits. The Simandou Range is renowned for its vast reserves of high-grade iron ore, which is essential for steel production worldwide. Its development is expected to significantly boost Guinea’s economy and position the country as a key supplier in global markets.

    “This partnership with Critical Minerals Africa Group is a testament to Guinea’s commitment to becoming an industrial powerhouse. Our abundant natural resources, particularly in critical minerals, are vital to the global transition to clean energy. By fostering strategic investments and responsible mining practices, we are unlocking the transformative potential of Guinea’s mineral wealth,” Ismaël Diakite, Chairman of the Board of Directors, Guinea Chamber of Mines.

    “Guinea is at the forefront of Africa’s mining revolution. Guinea’s rich deposits of critical minerals, coupled with the country’s strategic location and supportive policies, make it an ideal hub for industrial development on the continent. This alliance will accelerate investments, create jobs, and support sustainable growth,” stated Veronica Bolton Smith, CEO of The Critical Minerals Africa Group.

    As Africa’s fastest-growing economy, Guinea offers an attractive landscape for investors seeking to tap into the continent’s mineral wealth. The country’s government has prioritized infrastructure development, policy reforms, and regional cooperation, making Guinea a magnet for foreign direct investment.

    Distributed by APO Group on behalf of Critical Minerals Africa Group (CMAG).

    Media Enquiries:
    Halla Abdulla
    Media Manager, The Critical Minerals Africa Group
    Email: info@cmagafrica.com

    About the Guinea Chamber of Mines:
    The Guinea Chamber of Mines is the premier industry association representing mining companies and promoting sustainable mining development in Guinea.

    About The Critical Minerals Africa Group (CMAG):
    The Critical Minerals Africa Group is an advocacy group that seeks to foster deeper relationships between Africa and global markets and put Africa at the heart of international discussions surrounding critical minerals and associated supply chains. CMAG aims to enable the creation of resilient and diversified critical minerals supply chains that benefit the communities in which they are extracted, as well as to accelerate economic development through the capture of value-adding activities.

    MIL OSI Africa –

  • MIL-OSI Africa: The West African Development Bank (BOAD) achieves French Institute of Audit and Internal Control (IFACI) Professional Certification for Internal Audit — A first among Multilateral Development Banks

    The West African Development Bank (BOAD) (www.BOAD.org) has achieved a major milestone in strengthening its governance by securing professional certification for its Internal Audit function from the French Institute of Audit and Internal Control (IFACI).

    This certification, formalized under Certificate No. IFACI/2025/0227r, issued on February 27, 2025 and valid through February 28, 2028, attests to the organizational maturity of BOAD’s Internal Audit function and its ability to deliver tangible value to the Bank’s overall performance and governance. It also reinforces BOAD’s credibility with its technical and financial partners by demonstrating the Bank’s commitment to upholding the highest international standards.

    With this achievement, BOAD becomes the first Multilateral Development Bank to receive this international certification, underscoring its leadership in adopting international best practices in internal audit.

    Mr. Serge Ekue, President of BOAD, welcomed this accomplishment and extended his congratulations to the Internal Audit team and all Bank staff for their dedication and professionalism. He reaffirmed the institution’s commitment to its core values: integrity, agility, collaboration, social responsibility, excellence, and professionalism.

    “Securing this quality certification is a key milestone in the maturity of our Internal Audit function and its ability to act as a true driver of added value for the Bank’s governance and overall performance,” declared Mr. Ekue.

    This achievement is fully aligned with the objectives of BOAD’s Strategic Plan DJOLIBA, which seeks to position the Bank as a leading institution in sustainable development across West Africa.

    Distributed by APO Group on behalf of Banque Ouest Africaine de Développement (BOAD).

    For further information:
    Communication and Public Relations Department
    Tel: + 228 22 23 25 65
    WhatsApp : +228 99 99 32 15
    Fax: + 228 22 23 24 38
    Email: boadsiege@boad.org

    MIL OSI Africa –

  • MIL-OSI Europe: Monetary developments in the euro area: May 2025

    Source: European Central Bank

    30 June 2025

    Components of the broad monetary aggregate M3

    The annual growth rate of the broad monetary aggregate M3 stood at 3.9% in May 2025, unchanged from the previous month, averaging 3.8% in the three months up to May. The components of M3 showed the following developments. The annual growth rate of the narrower aggregate M1, which comprises currency in circulation and overnight deposits, increased to 5.1% in May from 4.7% in April. The annual growth rate of short-term deposits other than overnight deposits (M2-M1) decreased to -0.1% in May from 0.6% in April. The annual growth rate of marketable instruments (M3-M2) increased to 11.2% in May from 10.7% in April.

    Chart 1

    Monetary aggregates

    (annual growth rates)

    Data for monetary aggregates

    Looking at the components’ contributions to the annual growth rate of M3, the narrower aggregate M1 contributed 3.2 percentage points (up from 3.0 percentage points in April), short-term deposits other than overnight deposits (M2-M1) contributed 0.0 percentage points (down from 0.2 percentage points) and marketable instruments (M3-M2) contributed 0.7 percentage points (as in the previous month).

    Among the holding sectors of deposits in M3, the annual growth rate of deposits placed by households stood at 3.5% in May, compared with 3.4% in April, while the annual growth rate of deposits placed by non-financial corporations stood at 2.7% in May, compared with 2.6% in April. Finally, the annual growth rate of deposits placed by investment funds other than money market funds decreased to 15.4% in May from 21.2% in April.

    Counterparts of the broad monetary aggregate M3

    The annual growth rate of M3 in May 2025, as a reflection of changes in the items on the monetary financial institution (MFI) consolidated balance sheet other than M3 (counterparts of M3), can be broken down as follows: net external assets contributed 2.6 percentage points (up from 2.5 percentage points in April), claims on the private sector contributed 2.4 percentage points (up from 2.3 percentage points), claims on general government contributed 0.2 percentage points (as in the previous month), longer-term liabilities contributed -1.2 percentage points (down from -1.1 percentage points), and the remaining counterparts of M3 contributed -0.1 percentage points (as in the previous month).

    Chart 2

    Contribution of the M3 counterparts to the annual growth rate of M3

    (percentage points)

    Data for contribution of the M3 counterparts to the annual growth rate of M3

    Claims on euro area residents

    The annual growth rate of total claims on euro area residents stood at 2.0% in May 2025, compared with 1.9% in the previous month. The annual growth rate of claims on general government stood at 0.6% in May, compared with 0.5% in April, while the annual growth rate of claims on the private sector stood at 2.5% in May, compared with 2.4% in April.

    The annual growth rate of adjusted loans to the private sector (i.e. adjusted for loan transfers and notional cash pooling) stood at 2.8% in May, unchanged from the previous month. Among the borrowing sectors, the annual growth rate of adjusted loans to households stood at 2.0% in May, compared with 1.9% in April, while the annual growth rate of adjusted loans to non-financial corporations stood at 2.5% in May, compared with 2.6% in April.

    Chart 3

    Adjusted loans to the private sector

    (annual growth rates)

    Data for adjusted loans to the private sector

    Notes:

    • Data in this press release are adjusted for seasonal and end-of-month calendar effects, unless stated otherwise.
    • “Private sector” refers to euro area non-MFIs excluding general government.
    • Hyperlinks lead to data that may change with subsequent releases as a result of revisions. Figures shown in annex tables are a snapshot of the data as at the time of the current release.

    MIL OSI Europe News –

  • Nirmala Sitharaman embarks on official visit to Spain, Portugal, and Brazil for high-level multilateral engagements

    Source: Government of India

    Source: Government of India (4)

    Union Finance and Corporate Affairs Minister Nirmala Sitharaman embarked on an official six-day visit to Spain, Portugal, and Brazil on Monday.

    Leading a delegation from the Department of Economic Affairs, Ministry of Finance, Sitharaman is set to participate in a series of high-level multilateral and bilateral engagements during the visit, which runs from June 30 to July 5, the Ministry of Finance said in a statement.

    During her visit to Seville, Spain, the Finance Minister will represent India at the 4th International Conference on Financing for Development (FFD4), organised by the United Nations. She is scheduled to deliver India’s national statement at the conference, reaffirming India’s commitment to sustainable development and inclusive growth.

    In addition, Sitharaman will deliver the keynote address at the International Business Forum Leadership Summit, themed “From FFD4 Outcome to Implementation: Unlocking the Potential of Private Capital for Sustainable Development.” Her engagements in Spain will also include bilateral meetings with senior ministers from Germany, Peru, and New Zealand, as well as discussions with the President of the European Investment Bank (EIB).

    Following her engagements in Spain, the Finance Minister will travel to Lisbon, Portugal, where she is expected to meet with her Portuguese counterpart for bilateral discussions. She will also engage with prominent investors and members of the Indian diaspora to deepen economic and cultural ties between India and Portugal.

    The final leg of her visit will take place in Rio de Janeiro, Brazil. There, Sitharaman will represent India at the 10th Annual Meeting of the New Development Bank (NDB), where she serves as India’s Governor. She will also attend the first BRICS Finance Ministers and Central Bank Governors Meeting (FMCBG), reinforcing India’s active role in shaping the economic agenda of the BRICS bloc.

    As part of the NDB’s flagship event, the Finance Minister will speak at the Governors Seminar on “Building a Premier Multilateral Development Bank for the Global South,” highlighting India’s vision for inclusive financial institutions. She is also scheduled to hold bilateral meetings on the sidelines with her counterparts from Brazil, China, Indonesia, and Russia, focusing on key areas of mutual economic interest and multilateral cooperation.

  • MIL-OSI Russia: Polytechnic University awarded diplomas to graduates of unique drawing program

    Translation. Region: Russian Federal

    Source: Peter the Great St Petersburg Polytechnic University – Peter the Great St Petersburg Polytechnic University –

    On June 24, a ceremony was held at the Technopolis Polytech research building to present diplomas of professional retraining to the first graduates of the joint program of the Civil Engineering Institute and the engineering company NanoSoft, “Digital Drawing Teacher.”

    The Digital Drawing Teacher program is a unique initiative aimed at training teachers of schools and secondary vocational education organizations. It was developed by teachers of the Civil Engineering Institute with the support of the Russian developer of engineering software, NanoSoft, based on the nanoCAD software product. The goal of the program is to revive high-quality teaching of drawing in schools in accordance with the instructions of the President of the Russian Federation. The first group of teachers was trained online. Participants represented St. Petersburg, the Leningrad Region, the Yamalo-Nenets Autonomous Okrug, Chelyabinsk and other cities. They mastered modern methods of teaching drawing using the domestic nanoCAD software.

    Deputy Chairman of the Education Committee of St. Petersburg Pavel Rozov, a graduate of the Polytechnic University, congratulated the graduates on the successful completion of their studies. He highly praised the initiative of SPbPU and the Civil Engineering Institute to revive the teaching of drawing.

    Vice-Rector for Additional and Pre-University Education at SPbPU Dmitry Tikhonov emphasized the special importance of training teachers working with engineering specialties for the development of technical education in the country. He thanked the NanoSoft company for its support in implementing this educational initiative.

    Director of programs for developing interaction with educational and scientific organizations “NanoSoft Development” Oleg Egorychev noted the strategic importance of integrating domestic import-substituting engineering software into educational programs at all levels.

    Director of the Civil Engineering Institute Marina Petrochenko reported that the Digital Drawing Teacher project is a striking example of successful cooperation between the state, educational institutions and business on the path to ensuring the technological sovereignty of the country.

    Also congratulating were the director of the Center for Additional Professional Programs at ISI, Ksenia Strelets, and the authors and teachers of the course, Elena Knyazeva and Dmitry Molodtsov.

    Marina Petrochenko and Oleg Egorychev presented graduates with professional retraining diplomas, certificates from NanoSoft, as well as memorable gifts and Polytechnic graduate badges. Oleg Egorychev presented letters of gratitude for their contribution to the implementation of Russian software in the educational process to Liliya Talipova and Dmitry Molodtsov.

    I would like to highlight the accessible and understandable video lessons, thanks to which the material was easily and effectively absorbed. High-quality presentations were an excellent addition, allowing for a deeper understanding of the theoretical aspects. The opportunity to ask questions and receive detailed answers from curators and teachers was invaluable, – shared Svetlana Vavilova, a drawing teacher at School No. 252 in St. Petersburg.

    The training allowed me not only to master modern digital teaching tools, but also to take a fresh look at educational technologies. Each module was well-thought-out and practically applicable. The training format combined theory and practice, there was an opportunity to exchange experiences with colleagues, – said Alexander Bondarenko, a technology teacher at School No. 55 in St. Petersburg.

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News –

  • MIL-OSI: Bitget Lists NodeOps (NODE) for Spot Trading

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, June 30, 2025 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, has announced the listing of NodeOps (NODE) in the Innovation, AI, and DePIN Zone, adding it to spot trading. NodeOps is a DePIN infrastructure platform. Trading for the NODE/USDT pair will begin on 30 June 2025, 10:00 (UTC), with withdrawals available from 1 July 2025, 11:00 (UTC).

    NodeOps is building a full-stack solution to make make decentralized computing simple, reliable, and accessible at scale. Its architecture is built on two layers: the foundational NodeOps Network protocol, which coordinates decentralized physical infrastructure (DePIN), and a suite of user-facing products, including NodeOps Cloud, Console, Agent Terminal, Staking Hub, and Security Hub, that streamlines deployment and management. At the core of the ecosystem is the NODE token, which powers coordination, rewards real work, and governs the network. With a revenue-backed mint-and-burn model, NODE ensures sustainable value, secures the infrastructure, and enables access to premium features, aligning incentives and supporting long-term growth across the NodeOps ecosystem. NodeOps Network has built the foundation for sustainable infrastructure coordination that scales with actual demand while maintaining the decentralization and cost advantages that make Web3 infrastructure superior to traditional cloud services.

    Bitget continues to expand its offerings, positioning itself as a leading platform for cryptocurrency trading. The exchange has established a reputation for innovative solutions that empower users to explore crypto within a secure CeDeFi ecosystem. With an extensive selection of over 800 cryptocurrency broadening and a commitment to broaden its offerings to more than 900 trading pairs, Bitget connects users to various ecosystems, including Bitcoin, Ethereum, Solana, Base, and TON. The addition of NodeOps into Bitget’s portfolio marks a significant step toward expanding its ecosystem by embracing niche communities and fostering innovation in decentralized economies, further solidifying its role as a gateway to diverse Web3 projects and cultural movements.

    For more details on NodeOps, visit here.

    About Bitget

    Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 120 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more.

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

    For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet

    For media inquiries, please contact: media@bitget.com

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

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/455f6a0f-61f1-4444-b37c-416c594a97a3

    The MIL Network –

  • MIL-OSI Banking: CNB cuts red tape further: relief package for the financial market enters into force

    Source: Czech National Bank

    The Czech National Bank is simplifying doing business in the financial market. As of 1 July 2025, it will abolish dozens of redundant rules and unjustified administrative requirements set out in 19 decrees. This will ease the regulatory burden on financial institutions, allowing them to devote more time and resources to client care, innovation and service development. The CNB’s decision is based on the findings of its own gold plating analysis in the area of financial market regulation, completed earlier this year.

    The new decree, effective from 1 July 2025, will eliminate requirements in areas governed by EU law where Czech legislation has so far gone beyond the relevant EU rules. Most often these are details of rules laid down by law or administrative acts that are no longer of practical use.

    “We have already scrapped 14 official information documents and are now getting rid of more rules and reporting duties from our decrees – 36 unnecessary measures in total. We’re delivering on our promise. Financial institutions will no longer have to complete reports that provide no new information or resubmit information the CNB already has. We’re cutting red tape and making it easier to do business. Our aim is clear: less paperwork, more room for business,” said Czech National Bank Governor Aleš Michl.

    A number of obligations are set out directly in law, and changes to legislation do not fall within the remit of the central bank. The CNB has therefore proposed to the Ministry of Finance the abolition of a further 41 obligations or restrictions that could significantly reduce the regulatory burden on the financial market.

    In recent decades, there has been a substantial increase in regulatory requirements in financial services – often due to gold plating, i.e. where Czech regulations impose additional obligations on market participants beyond those required by the European Union. This has resulted in higher administrative and operational costs, which may indirectly affect the availability and prices of financial services for clients. The change introduced by the CNB contributes to improving the regulatory environment, strengthens competitiveness and supports the further development of the financial market in the Czech Republic.

    Selected examples of changes

    Banks and branches of foreign banks

    The loan concentration and profit distribution statements are being abolished. The CNB will obtain the necessary data from other sources, saving banks time and reporting costs.

    National requirements on risk management, asset assessment and information disclosure are being repealed – European regulation and international accounting standards (for example, IFRS 9) are sufficient.

    Collective investment

    Real estate fund administrators are no longer required to report detailed information on the expert committee – such as its members’ education and professional experience – separately to the CNB. The CNB will obtain the information it needs about the expert committee for the purpose of carrying out its tasks from other available sources.

    The “Structure of assets of a managed fund” statement is being abolished, as most of the information it contains can be obtained from other, more detailed statements. European regulation does not require the submission of this statement.

    Pan-European Personal Pension Product (PEPP) distributors

    The notification of the start and end of PEPP distribution is being simplified, and the statement containing, for example, the number of contracts concluded or the volume of investments, is being abolished. European regulation does not require the collection of these data.

    General licensing requirements (for example, activities on the capital market, insurance and reinsurance distribution, supplementary pension savings, consumer credit, the non-performing loan market and collective investment)

    An affidavit of legal capacity now only needs to be submitted if the person being assessed is not listed in the basic registers and no other usable documentation is available.

    Jakub Holas
    Director, CNB Communications Division

    MIL OSI Global Banks –

  • MIL-OSI Banking: Samsung Launches Galaxy M36 5G in India, Introduces Advanced AI Innovations in Mid-Segment Smartphones

    Source: Samsung

     
    Samsung, India’s largest consumer electronics brand, today announced the launch of Galaxy M36 5G, the latest addition to the immensely popular Galaxy M Series. Designed for young Indian consumers, Galaxy M36 5G packs in a suite of AI innovations along with several segment-leading features such as 50MP OIS triple camera, Corning® Gorilla® Glass Victus®+ protection and 6 generations of Android upgrade.
     
    “As part of our commitment to bring meaningful innovations that empower customers’ lives, we are launching the Galaxy M36 5G with segment-leading features and bringing AI innovations at an affordable price point. The stylish & durable Galaxy M36 5G complements our consumers’ lifestyle and with the introduction of Circle to Search with Google and Gemini Live, we are furthering the democratization of mobile AI across the Galaxy ecosystem,” said Akshay S Rao, Director, MX Business, Samsung India.
     
    Democratization of AI
    Galaxy M36 5G will come with Circle to Search with Google, furthering the democratization of mobile AI to even more devices in the Galaxy ecosystem. Built upon Samsung-Google collaboration, Circle to Search brings a seamless search experience to Galaxy users for images, texts and music.  Additionally, it will also introduce new AI experience with Gemini Live, bringing real-time visual conversations with AI to Galaxy users. Through AI-powered assistance, Galaxy users can more naturally engage in conversational interactions that make everyday tasks easier.
     
    All New Design And Monster Durability
    With design at its forefront, Galaxy M36 5G is only 7.7mm slim with a premium camera deco and features segment-leading Corning® Gorilla® Glass Victus®+ protection- making it extremely tough as well as ergonomic. The segment leading protection not only withstands accidental slips and falls but also ensures that users are absolutely worry-free from scratches. Galaxy M36 5G features a 6.7” Full HD+ Super AMOLED display with 120Hz refresh rate and Vision Booster technology making it the perfect device for an unparalleled viewing and smooth scrolling experience even in the outdoor conditions with bright sunlight. Galaxy M36 5G will be available in three vibrant and flaunt worthy colours- Velvet Black, Serene Green and Orange Haze.
     
    Advanced Camera
    Galaxy M36 5G will come with advanced 50MP OIS triple camera to shoot sharp photos and videos. The OIS (Optical Image Stabilization) ensures that videos are shake-free and images are blur-free, allowing users to capture their favorite moments while on the move.  The cameras on Galaxy M36 5G are designed for vivid shots—even in low light, thanks to its Auto Night Mode that takes the Nightography feature to a different level. Users will also be able to record 4K videos on both front and rear cameras, capturing a wide range of colours for true-to-life output. Galaxy M36 5G will serve as a complete package with fantastic features like Photo Remaster and Object Eraser to take user experience to a whole new level. Galaxy M36 5G will also sport a 13MP high-resolution front camera for detailed, sharper selfies.
     
     
    Monster Performance
    Powered by 5nm-based Exynos 1380 processor, Galaxy M36 5G is fast and power-efficient. Equipped with a large vapor cooling chamber, the device will ensure efficient heat dissipation, providing users with a lag-free gaming experience and super smooth processing. With the ultimate speed and connectivity of 5G, users can stay fully connected wherever they go, experiencing faster downloads, smoother streaming, and uninterrupted browsing.
     
    Galaxy M36 5G packs in 5000mAh battery that enables long sessions of browsing, gaming and binge watching. Galaxy M36 5G allows users to stay connected, entertained and productive without interruption. The device supports 25W fast charging, giving more power in less time.

    Galaxy Experiences
    Setting new industry benchmarks, Galaxy M36 5G will offer segment’s best 6 generations of Android upgrades and 6 years of security updates, ensuring a future-ready experience. Galaxy M36 5G will come with One UI 7 out of the box.
     
    One UI 7 comes with a simple, impactful and emotive design, bringing streamlined and cohesive experience to Galaxy users. A simplified home screen, redesigned One UI widgets and lock screen allow users to intuitively and seamlessly customize their devices. For added convenience, Now Bar provides real-time updates that matter most right on the lock screen.
     
    Galaxy M36 5G will also feature one of Samsung’s most innovative security features: Samsung Knox Vault. The hardware-based security system offers comprehensive protection against both hardware and software attacks. It will also include Samsung’s innovative Tap & Pay feature with Samsung Wallet allowing consumers to make secure payments effortlessly.
     

    Product
    Variant
    Introductory Price
    Offers

    Galaxy M36 5G
    6GB+128GB
    INR 16499
     
     
    Including INR 1000 Instant Bank Discount
     

    8GB+128GB
    INR 17999

    8GB+256GB
    INR 20999

     
     
    Galaxy M36 5G will be available on Samsung.com, Amazon and at select retail stores staring July 12, 2025.
     
     
     

    MIL OSI Global Banks –

  • MIL-OSI Banking: Secretary-General of ASEAN delivers Pre-Recorded Remarks at the ASEAN–India Cruise Dialogue 2025

    Source: ASEAN – Association of SouthEast Asian Nations

    Secretary-General of ASEAN, Dr. Kao Kim Hourn, today delivered a pre-recorded message at the ASEAN–India Cruise Dialogue 2025 which convened in Mahabalipuram, Chennai, India. Bringing together policymakers, port authorities, and tourism leaders, the event explores how cruise tourism can boost connectivity, economic growth, and people-to-people exchanges between ASEAN and India. In his remarks, Dr. Kao lauded the potential of cruise tourism as a catalyst for regional collaboration under the ASEAN–India Year of Tourism 2025. 
     

    The post Secretary-General of ASEAN delivers Pre-Recorded Remarks at the ASEAN–India Cruise Dialogue 2025 appeared first on ASEAN Main Portal.

    MIL OSI Global Banks –

  • MIL-OSI: Nokia signs revolving credit facility with its pricing mechanism linked to the company’s sustainability targets

    Source: GlobeNewswire (MIL-OSI)

    Press Release
    Nokia signs revolving credit facility with its pricing mechanism linked to the company’s sustainability targets

    • Nokia’s financing strategy maintains steadfast link with its sustainability strategy with EUR 1.5 billion multicurrency revolving credit facility.
    • New facility builds on previous work in this area including sustainability-linked guarantee facility and sustainable finance framework.
    • Pricing mechanism linked to reduction of Nokia’s Scope 1, 2 and 3 greenhouse gas emissions.

    26 June 2025
    Espoo, Finland – Nokia announced today the recent signing of a EUR 1.5 billion five-year multicurrency revolving credit facility (“RCF”) with two one-year extension options, and continues with a sustainability pricing mechanism linking the margin of the RCF to two key RCF sustainability targets outlined below. The margin of the RCF will increase or decrease depending on Nokia’s progress towards reaching these targets. The new RCF will replace the EUR 1,412 million RCF agreement dated 18 June 2019.

    Nokia’s key RCF sustainability targets include annual target observation periods and dates, with RCF pricing adjustments impacting the following year:
    Reduction of absolute Scope 1 and 2 greenhouse gas emissions (“GHG”)
    Reduction of absolute Scope 3 GHG emissions.

    Nokia’s financing strategy is linked to its sustainability strategy and today’s announcement builds on previous sustainable finance activities. These activities include linking the margin of Nokia’s revolving credit facility to Nokia’s sustainability targets in 2019, Nokia’s first sustainability-linked guarantee facility in 2022, as well as the launch of Nokia’s sustainable finance framework in 2023.

    Nokia is committed to reducing its Scope 1, 2 and 3 GHG emissions. Nokia has a Net-Zero target of 2040 which is approved by the Science Based Targets initiative (SBTi), ensuring that Nokia’s greenhouse gas emissions targets and paths towards those targets are independently validated.

    Further information on the detailed operational approach Nokia has taken to reducing GHG emissions can be found in the Net-Zero climate transition plan detailing Nokia’s commitments and targets as well as the actions being taken to decarbonize in selected scopes. In March 2025, Nokia published its 2024 Annual Sustainability Statement, prepared for the first time in accordance with the provisions of the newly applicable EU Corporate Sustainability Reporting Directive and with the requirements of the European Sustainability Reporting Standards.

    “We’re delighted with the strong support and commitment from our key banking partners in this refinancing transaction that connects our financing strategy with our sustainability priorities,” said Marco Wirén, Chief Financial Officer, Nokia.

    “Nokia’s sustainability approach is centered on protecting and creating value for our company, and our stakeholders. We are committed to our climate transition plan, which is built to deliver efficiency and innovations in our value chain. Continuing to link the pricing of the revolving credit facility to our science-based climate goals is a strong step forward demonstrating our commitment to our sustainability targets,” said Subho Mukherjee, Vice President of Sustainability, Nokia.

    Resources and additional information
    Web Page: Nokia Sustainability
    Web Page: Nokia’s journey to Net-Zero
    Statement: Sustainability Statement

    About Nokia                         
    At Nokia, we create technology that helps the world act together.

    As a B2B technology innovation leader, we are pioneering networks that sense, think and act by leveraging our work across mobile, fixed and cloud networks. In addition, we create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs.

    With truly open architectures that seamlessly integrate into any ecosystem, our high-performance networks create new opportunities for monetization and scale. Service providers, enterprises and partners worldwide trust Nokia to deliver secure, reliable and sustainable networks today – and work with us to create the digital services and applications of the future.

    Media inquiries
    Nokia Press Office
    Email: press.services@nokia.com

    Follow us on social media
    LinkedIn X Instagram Facebook YouTube

    The MIL Network –

  • MIL-OSI: Nokia signs revolving credit facility with its pricing mechanism linked to the company’s sustainability targets

    Source: GlobeNewswire (MIL-OSI)

    Press Release
    Nokia signs revolving credit facility with its pricing mechanism linked to the company’s sustainability targets

    • Nokia’s financing strategy maintains steadfast link with its sustainability strategy with EUR 1.5 billion multicurrency revolving credit facility.
    • New facility builds on previous work in this area including sustainability-linked guarantee facility and sustainable finance framework.
    • Pricing mechanism linked to reduction of Nokia’s Scope 1, 2 and 3 greenhouse gas emissions.

    26 June 2025
    Espoo, Finland – Nokia announced today the recent signing of a EUR 1.5 billion five-year multicurrency revolving credit facility (“RCF”) with two one-year extension options, and continues with a sustainability pricing mechanism linking the margin of the RCF to two key RCF sustainability targets outlined below. The margin of the RCF will increase or decrease depending on Nokia’s progress towards reaching these targets. The new RCF will replace the EUR 1,412 million RCF agreement dated 18 June 2019.

    Nokia’s key RCF sustainability targets include annual target observation periods and dates, with RCF pricing adjustments impacting the following year:
    Reduction of absolute Scope 1 and 2 greenhouse gas emissions (“GHG”)
    Reduction of absolute Scope 3 GHG emissions.

    Nokia’s financing strategy is linked to its sustainability strategy and today’s announcement builds on previous sustainable finance activities. These activities include linking the margin of Nokia’s revolving credit facility to Nokia’s sustainability targets in 2019, Nokia’s first sustainability-linked guarantee facility in 2022, as well as the launch of Nokia’s sustainable finance framework in 2023.

    Nokia is committed to reducing its Scope 1, 2 and 3 GHG emissions. Nokia has a Net-Zero target of 2040 which is approved by the Science Based Targets initiative (SBTi), ensuring that Nokia’s greenhouse gas emissions targets and paths towards those targets are independently validated.

    Further information on the detailed operational approach Nokia has taken to reducing GHG emissions can be found in the Net-Zero climate transition plan detailing Nokia’s commitments and targets as well as the actions being taken to decarbonize in selected scopes. In March 2025, Nokia published its 2024 Annual Sustainability Statement, prepared for the first time in accordance with the provisions of the newly applicable EU Corporate Sustainability Reporting Directive and with the requirements of the European Sustainability Reporting Standards.

    “We’re delighted with the strong support and commitment from our key banking partners in this refinancing transaction that connects our financing strategy with our sustainability priorities,” said Marco Wirén, Chief Financial Officer, Nokia.

    “Nokia’s sustainability approach is centered on protecting and creating value for our company, and our stakeholders. We are committed to our climate transition plan, which is built to deliver efficiency and innovations in our value chain. Continuing to link the pricing of the revolving credit facility to our science-based climate goals is a strong step forward demonstrating our commitment to our sustainability targets,” said Subho Mukherjee, Vice President of Sustainability, Nokia.

    Resources and additional information
    Web Page: Nokia Sustainability
    Web Page: Nokia’s journey to Net-Zero
    Statement: Sustainability Statement

    About Nokia                         
    At Nokia, we create technology that helps the world act together.

    As a B2B technology innovation leader, we are pioneering networks that sense, think and act by leveraging our work across mobile, fixed and cloud networks. In addition, we create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs.

    With truly open architectures that seamlessly integrate into any ecosystem, our high-performance networks create new opportunities for monetization and scale. Service providers, enterprises and partners worldwide trust Nokia to deliver secure, reliable and sustainable networks today – and work with us to create the digital services and applications of the future.

    Media inquiries
    Nokia Press Office
    Email: press.services@nokia.com

    Follow us on social media
    LinkedIn X Instagram Facebook YouTube

    The MIL Network –