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Category: Business

  • MIL-OSI Africa: How Africa is building a better ecosystem for entrepreneurs


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    The Future Studio incubator in Cotonou has developed a successful coaching programme, propelling four startups to success. The Beninese innovation center is now expanding, while business support organizations across West Africa are increasing their collaboration.

    The NTF V FastTrackTech project has nurtured these developments. The ITC project brought together major players from Benin, Niger and Mali to share their experiences and build together a stronger, more inclusive entrepreneurial ecosystem.

    Future Studio: a catalyst for innovation and entrepreneurship in Benin

    Since opening a year ago in Cotonou, the Future Studio innovation center has aimed to propel Beninese innovation and digital entrepreneurship. As a partner of the Epitech school and a member of the African Education & Innovation Group, the innovation center fosters the growth of young, innovative companies, providing structured support and networking. With the support of the NTF V FastTrackTech project, the Future Studio has set up a support programme tailored to Benin’s digital ecosystem.

    ‘We can’t claim to support entrepreneurs without being supported and empowered ourselves. Thanks to the recommendations of the NTF V FastTrackTech project expert, we have gained in vision and methodology,’ said Future Studio project manager Yoann Agbo. ‘This is what enabled our Start program to take shape and achieve its first successes. We’re very proud today to see ideas become solid projects as teams grow.’ 

    After six months in the incubation program, four startups have made significant progress: they have perfected their pitch, established commercial collaborations, and intensified their discussions with potential investors. One gained international visibility by taking part in Gitex Africa.

    ‘Our intention is to provide ongoing support for the startups we have supported, and we are actively engaged in preparing a second cohort of entrepreneurs. At the same time, we plan to develop a targeted offering for more mature companies seeking accelerated growth or diversification of their offerings,’ said Yoann.

    This expertise recently earned Future Studio a contract with telecom operator MTN Benin to take charge of the operational side of a new incubation program. ‘Since supporting the NTF V FastTrackTech project, Future Studio has shown what it can do. This new partnership testifies to the trust placed in our activities,’ he added.

    Better support for African entrepreneurs

    Like the Future Studio, business support organizations walk with entrepreneurs at every stage of their journey, contributing to job creation and more sustainable, inclusive economic development. NTF V FastTrack Tech believes the creation of synergies makes African organizations more efficient by optimizing their resources.

    The project initiated an exchange session on 30 April between the Bussiness Support Structures Network of Niger (Réseau des Structures d’Appui du Niger – RESAEN), the Federation of Innovative Business Support Organizations in Benin (Fédération des Structures d’Appui à l’Entrepreneuriat Innovant – FedSAEI) and the National Council of Incubators of Mali (Conseil National des Incubateurs du Mali – CNSIM).

    Rabia Moussa is vice-president of RESAEN and co-founded the Développe-les organization in Niger.

    ‘Regular exchanges and lasting cooperation create a network of mutual support between BSOs, strengthening the entrepreneurial ecosystem as a whole. Financing issues are often at the heart of concerns,’ she said. ‘In this respect, RESAEN shared its experience and roadmap.’

    The session concluded with the formalization of several ideas and recommendations, including the need to set up a working group dedicated to the question of financing, the monitoring of new opportunities and the prospecting of new partners. Rabia also stressed the need for BSOs to clarify the roles and commiments of their governance members, so that tasks are properly assigned.

    ‘I can only encourage the holding of an annual general meeting with the publication of an activity report.

    By also adopting transparent and participative governance practices, support structures can consolidate their internal functioning and increase their impact in the service of a flourishing entrepreneurial ecosystem,’ she said.

    The nascent collaboration between Benin, Niger and Mali is just the first step towards continental synergy.

    ‘Tomorrow, the dialogue could even be extended to Burkina Faso. It is this growing synergy that will enable African talent to flourish and contribute fully to the continent’s economic development,’ she added.

    About the project

    The Netherlands Trust Fund V (NTF) program (July 2021 – June 2025) is based on a partnership between the Netherlands Ministry of Foreign Affairs and the International Trade Centre. NTF V supports SMEs in the digital technology and agribusiness sectors in Benin, Ivory Coast, Ethiopia, Ghana, Mali, Senegal and Uganda. Its ambition is to contribute to an inclusive and sustainable transformation of agri-food systems partly through digital solutions, to improve the international competitiveness of local tech start-ups and to support the implementation of the export strategy of IT&BPO companies.

    Distributed by APO Group on behalf of International Trade Centre.

    MIL OSI Africa –

  • MIL-OSI Asia-Pac: President Lai leads industrial listening tours to New Taipei Industrial Park, embodying the spirit of Taiwan to achieve a new economic miracle.

    Source: Republic of China Taiwan

    President Lai Ching-Te led a delegation, including Presidential Secretary-General Pan Men-An, Presidential Office Spokesperson Kuo Ya-Hui, Executive Yuan Secretary-General Kung Ming-Hsin, Minister of Economic Affairs Ku Jyh-Huei, and the administrative team, on an “Industrial Listening Tour” at New Taipei Industrial Park on May 2. The delegation engaged in in-depth exchanges with important representatives from the region’s electronics, textile, medical equipment, HVAC, and defense industries.
    On April 3, U.S. President Donald Trump announced that he would impose a 32% reciprocal tariff on Taiwan. President Lai immediately convened industry representatives to his official residence on April 5 to listen to their concerns and officially announced the government’s response measures to the public on the afternoon of April 6, which specifically demonstrated the government’s determination to overcome difficulties with the industry. In the face of US tariff policy, the government has launched the first round of negotiations and continues to negotiate based on the three principles of ensuring national interests, maintaining Taiwan’s industrial development space, and protecting Taiwan’s industrial ecosystem.
    To respond to industry concerns, President Lai and Premier Cho have conducted nearly 20 listening tours. The Executive Yuan has approved a special bill allocating NT$410 billion, including NT$93 billion to support impacted industries and NT$100 billion to subsidize Taiwan Power Company for stable electricity supply, easing operational burdens on business.
    At the forum, New Taipei Mayor Hou Yu-Ih and Legislators Su Chiao-Hui, Wu Ping-Jui, Lin Shu-Fen, Lee Kuen-Cheng and Hung Mong-Kai attended to show their support for local industries. Industry representatives raised concerns such as ensuring a stable electricity supply, promoting the integration of SMEs into the semiconductor supply chain, shortening medical device review processes, and implementing ESCO energy-saving technologies for net-zero transformation. President Lai responded that deep energy-saving through ESCOs not only improves energy efficiency but also qualifies for tax credits of equipment investment. Minister Kuo noted that the ministry has budgeted for deep energy-saving projects that offer financial incentives based on actual savings, potentially reducing business power costs by 8-12%. Secretary-General Kung added that the government’s A+ Program encourages innovative R&D and allows companies to hire full-time professionals to support their projects.
    President Lai pointed out that according to the International Monetary Fund (IMF) forecast, amid the turbulent international economic situation, the economic growth rate of most countries has declined, but Taiwan has increased its forecast from 2.7% to 2.9%, demonstrating the international community’s high recognition of Taiwan’s economic prospects and the high resilience of Taiwan’s industries. He highlighted that Taiwan has consistently grown stronger through adversity –this is the spirit of Taiwan and the hallmark of its industries.
    In conclusion, the President reaffirmed that the government will adhere to the principle of “Speed and order in balance” to advance negotiations in the face of Trump’s tariff policy. It should not only focus on speed but also ensure the overall interests of the country and promote the three major industrial strategies for the future development of Taiwan’s industries, including:
    1. Foresight and sustainability through smart innovation;
    2. Competing in space and exploring the oceans;
    3. Rooted in Taiwan, expanding globally, strengthening ties with the U.S., and promoting Taiwan to the world.
    The government is committed to driving industrial AI adoption, advancing marine industry development, transitioning to diverse green energy sources reinforcing power system resilience, and pursuing regional economic integration through bilateral investment agreements with democratic partners. With the enduring spirit of Taiwan, we are fully capable of building a resilient economy and achieving a new economic miracle together.

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

    Contact Person: Liang, You-Wen (Director of Taipei Branch, BIP)
    Contact Number: 886-2-2655-8527, 0963163008
    Email: yuwen818@bip.gov.tw

    MIL OSI Asia Pacific News –

  • MIL-OSI Economics: 91-day, 182-day and 364-day T-Bill Auction Result: Cut-off

    Source: Reserve Bank of India

    I. T-Bill 91-day 182-day 364-day
    II. Total Face Value Notified ₹9,000 Crore ₹5,000 Crore ₹5,000 Crore
    III. Cut-off Price and Implicit Yield at Cut-Off Price 98.6693
    (YTM: 5.4094%)    		 97.3142
    (YTM: 5.5350%)    		 94.7387
    (YTM: 5.5687%)
    IV. Total Face Value Accepted ₹9,000 Crore ₹5,000 Crore ₹5,000 Crore

    Ajit Prasad          
    Deputy General Manager
    (Communications)    

    Press Release: 2025-2026/587

    MIL OSI Economics –

  • MIL-OSI China: Announcement on Open Market Operations No.120 [2025]

    Source: Peoples Bank of China

    Announcement on Open Market Operations No.120 [2025]

    (Open Market Operations Office, June 25, 2025)

    The People’s Bank of China conducted reverse repo operations in the amount of RMB365.3 billion through quantity bidding at a fixed interest rate on June 25, 2025.

    Details of the Reverse Repo Operations

    Maturity

    Rate

    Bidding Volume

    Winning Bid Volume

    7 days

    1.40%

    RMB365.3 billion

    RMB365.3 billion

    Date of last update Nov. 29 2018

    2025年06月25日

    MIL OSI China News –

  • MIL-OSI China: China conducts 300B yuan MLF operation to inject liquidity

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

    China’s central bank on Wednesday conducted a 300-billion-yuan (about 41.86 billion U.S. dollars) medium-term lending facility (MLF) operation as it seeks to maintain ample liquidity in the banking system.

    The one-year operation was carried out via fixed quantity and interest rate bidding, according to the People’s Bank of China (PBOC).

    With 182 billion yuan of MLF funds maturing this month, the net injection via MLF alone stood at 118 billion yuan in June.

    Earlier this month, the PBOC also conducted two outright reverse repo operations, injecting a combined net 200 billion yuan. This brings the total net medium-term liquidity injection for June to 318 billion yuan.

    Analysts have noted that with government bond issuance accelerating, sustained liquidity support plays a key role in easing funding volatility and anchoring market expectations. 

    MIL OSI China News –

  • Axiom 4: Astronauts from India, Poland, Hungary launched on first space station mission

    Source: Government of India

    Source: Government of India (4)

    NASA retiree turned private astronaut Peggy Whitson was launched on the fifth spaceflight of her career early on Wednesday, joined by crewmates from India, Poland and Hungary heading for their countries’ first visit to the International Space Station.

    The astronaut team lifted off from NASA’s Kennedy Space Center in Cape Canaveral, Florida, at about 2:30 a.m. EDT (0630 GMT; 12 Noon IST)), beginning the latest mission organized by Texas-based startup Axiom Space in partnership with Elon Musk’s rocket venture SpaceX.

    The four-member crew was carried aloft on a towering SpaceX launch vehicle consisting of a Crew Dragon capsule perched atop a two-stage Falcon 9 rocket.

    Live video showed the towering spacecraft streaking into the night sky over Florida’s Atlantic coast trailed by a brilliant yellowish plume of fiery exhaust.

    It marked the first Crew Dragon flight since Musk briefly threatened to decommission the spacecraft after U.S. President Donald Trump threatened to cancel Musk’s government contracts in a high-profile political feud between the two men earlier this month.

    Axiom 4’s autonomously operated Crew Dragon was expected to reach the ISS after a flight of about 28 hours, then dock with the outpost as the two vehicles soar together in orbit some 250 miles (400 km) above Earth.

    If all goes according to plan, the Axiom 4 crew will be welcomed aboard the orbiting space laboratory Thursday morning by its seven current resident occupants – three astronauts from the U.S., one from Japan and three cosmonauts from Russia.

    Whitson, 65, and her three Axiom 4 crewmates – Shubhanshu Shukla, 39, of India, Sławosz Uznański-Wiśniewski, 41, of Poland, and Tibor Kapu, 33, of Hungary – are slated to spend 14 days aboard the space station conducting microgravity research.

    The mission stands as the fourth such flight since 2022 arranged by Axiom as the Houston-headquartered company builds on its business of putting astronauts sponsored by private companies and foreign governments into Earth orbit.

    For India, Poland and Hungary, the launch marked a return to human spaceflight after more than 40 years and the first mission to send astronauts from each of those three countries to the International Space Station.

    The Axiom 4 participation of Shukla, an Indian air force pilot, is seen by India’s own space program as a kind of precursor to the debut crewed mission of its Gaganyaan orbital spacecraft, planned for 2027.

    The Axiom 4 crew is led by Whitson, who retired from NASA in 2018 after a pioneering career that included her tenure as the first woman to serve as the U.S. space agency’s chief astronaut. She also was the first woman to command an ISS expedition and the first to do so twice.

    Now a consultant and director of human spaceflight for Axiom, she has logged a career total of 675 days in space, a U.S. record, during three NASA missions and a fourth flight to space as commander of the Axiom 2 mission in 2023.

    The Axiom 4 mission was previously scheduled for liftoff on Tuesday before a forecast of unsuitable weather forced a 24-hour postponement.

    (Reuters)

  • MIL-OSI China: Forging win-win partnerships to invigorate global growth

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

    The global economy stands at a crossroads. The pressing question is whether it will slide further into the quagmire of protectionism and uncertainty, or whether all stakeholders can work together to reignite growth by forging win-win partnerships and practicing true multilateralism.

    For decades, free trade has created jobs, delivered affordable consumer goods, improved global welfare, and advanced economic globalization. Yet this trend is encountering a notable rise in trade barriers and trade fragmentation.

    At the 16th Annual Meeting of the New Champions of the World Economic Forum (WEF) in north China’s Tianjin Municipality, global leaders from government, business, academia and other fields are expected to offer valuable insights into how to address mounting challenges that drag down global growth. It is hoped that such discussions may help shape a resilient and sustainable future for the world.

    This year’s meeting, also known as the Summer Davos, focuses on five areas: outlook on China, investing in people and planet, new energy and materials, industries disrupted and deciphering the world economy.

    The global economy, which has been struggling to recover from the impact of the COVID-19 pandemic, is confronted with a worsening growth predicament — due to the escalation of geopolitical conflicts and policy uncertainty.

    The World Bank’s latest Global Economic Prospects cut the 2025 global economic growth forecast to 2.3 percent, the slowest pace since 2008, apart from two years of outright global recession in 2009 and 2020, respectively.

    Against the backdrop of various headwinds and economic prospects, it is vital to leverage the role of entrepreneurship and innovation in unlocking new growth drivers and forging strong partnerships.

    The new round of sci-tech revolution, featuring intelligent, green and health technologies, has provided opportunities for cultivating new growth areas and new pathways for tackling challenges facing humanity. On Tuesday, the WEF unveiled top 10 emerging technologies of 2025, including collaborative sensing and generative watermarking, which are expected to achieve real-world impact within three to five years and address global challenges.

    The Summer Davos has become an important platform for promoting exchanges between China and the world — and enhancing practical cooperation. The event not only enables participants to share insights, but also provides an opportunity for businesses and investors to secure partnerships.

    This year’s meeting is seeing the highest number of registered participants in recent years, demonstrating the will of all parties in seeking to uphold economic globalization and free trade, as well as their positive attitude toward enhancing economic and trade exchanges and cooperation with China.

    China is committed to multilateralism and free trade. The world’s second-largest economy will continue to provide numerous opportunities for win-win cooperation as it advances modernization. Its technological progress in fields such as new energy and artificial intelligence and commitment to high-standard opening up highlight the dynamism and resilience of the Chinese economy, which is shifting to a growth model driven by consumption and innovation.

    Win-win cooperation and close collaboration are the right paths for exiting the global economic growth predicament and achieving shared development. Through the in-depth exchange of ideas, it is hoped that the 2025 Summer Davos will catalyze new partnerships, contribute innovative solutions to development challenges, and inject much needed stability and certainty into the world. 

    MIL OSI China News –

  • MIL-OSI China: Autonomous driving innovation fuels AI reach worldwide

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

    This photo shows a Pony.ai robotaxi at a pick-up point in Nansha District of Guangzhou, south China’s Guangdong Province, March 11, 2025. (Xinhua/Deng Hua)

    On the outskirts of Beijing, a self-driving bus navigated effortlessly through traffic, demonstrating China’s rapidly advancing autonomous driving technology.

    Developed by UISEE, a Beijing-based unicorn, this solution is now expanding beyond Chinese capital’s streets and beginning to make its mark on the global robotaxi industry.

    These “AI drivers” have spread to countries like Singapore, the United Arab Emirates (UAE), Saudi Arabia and Qatar, penetrating industries including energy, heavy industry, pharmaceuticals and chemicals, said Wu Gansha, CEO of UISEE.

    The unmanned buses operate at over 20 airports worldwide, forming a fleet of more than 1,000 autonomous vehicles that have collectively covered 5.8 million kilometers.

    These busy shuttles reflect the rising influence of Chinese companies like UISEE in the autonomous driving sector, as they secure increasing numbers of international contracts thanks to their reliable and innovative technology.

    In addition to buses, UISEE’s diverse fleet includes unmanned retail vehicles, patrol cars, cleaning vehicles, towing tractors and heavy-duty trucks, varying in size and function.

    Equipped with the latest solid-state LiDAR, the autonomous cars achieve 360-degree, blind-spot-free vision, according to Wu. While Tesla relies mainly on vision-based technology, Chinese tech firms are rolling out a multi-sensor data-driven approach globally.

    GOING GLOBAL

    UISEE is not alone in this global push. Last month, Pony.ai, a Guangzhou-based robotaxi service provider, announced a strategic partnership with Dubai’s transport authority.

    Under the partnership, Pony.ai’s robotaxi fleet is scheduled to commence test operations in 2025, with plans to start fully autonomous commercial services in 2026 in Dubai.

    “This partnership is integral to our goal of transforming 25 percent of all journeys in the city into autonomous trips by 2030, reinforcing Dubai’s position as a global leader in autonomous mobility and innovation,” said Ahmed Bahrozyan, CEO of Public Transport Agency at Dubai’s Roads and Transport Authority (RTA).

    To date, Pony.ai, a partner of ride-hailing platform Uber, has obtained Robotaxi licenses in countries such as the United States, the Republic of Korea and Luxembourg.

    Last July, during the signing ceremony of the memorandum of understanding between Pony.ai and Luxembourg authorities, the country’s Minister of the Economy, Lex Delles, described the agreement as “a significant opportunity to advance Luxembourg’s technical capabilities in the smart mobility sector.”

    “We are extending our proven-in-China integrated capabilities of autonomous driving, encompassing R&D, mass production, and commercial operations, globally,” said Pony.ai’s CFO Wang Junhao.

    The UAE is emerging as one of the showcasing grounds for China’s self-driving technology.

    In April this year, WeRide announced its collaboration with Uber and the RTA to launch robotaxi services in Dubai. It came after the Guangzhou-based tech firm secured the first autonomous driving license for the UAE in July 2023. In December last year, WeRide partnered with Uber to officially introduce robotaxi services in Abu Dhabi.

    Also, Baidu’s Apollo Go has inked a deal with the RTA this March to launch autonomous driving tests and services in Dubai, marking its entry into the Middle East. It plans to deploy 100 fully autonomous vehicles in Dubai by the end of 2025 and scale the fleet to at least 1,000 by 2028.

    The global Robotaxi market will grow at a compound annual growth rate of 64.1 percent from 2025 to 2032, according to a market forecast released by Coherent MI early this year.

    TECHNOLOGICAL STRENGTHS

    The global expansion of Chinese autonomous driving companies is partly driven by the country’s “data dividend” and strong government support for developing a self-driving ecosystem.

    With the country’s advantage of a vast population, extensive road networks, diverse and complex driving conditions, and rapidly advancing AI technology, robotaxi startups in China have quickly grown into leading companies in the world.

    Baidu and WeRide were named among the top 10 vendors in the Guidehouse Insights Leaderboard Report on automated driving systems (ADS), published last December, alongside NVIDIA and Waymo.

    They are developing at least Level-4 ADS that can operate without human intervention or supervision, according to research.

    Plus, Chinese authorities have designated at least 20 cities and city clusters as pilot zones for the application of “vehicle-road-cloud” integration for intelligent connected vehicles.

    This extensive road test data has boosted international recognition of China’s robotaxi services.

    “One day, autonomous driving will liberate human hands, and we will endeavor to see ‘AI drivers’ cruising in every corner of the world,” said UISEE’s CEO Wu when he talked about his ambitious plan. 

    MIL OSI China News –

  • Tesla’s European sales slump for fifth month as EV rivals gain momentum

    Source: Government of India

    Source: Government of India (4)

    Tesla’s new car sales in Europe fell 27.9% in May from a year earlier even as fully-electric vehicle sales in the region jumped 27.2%, with the U.S. EV maker’s revised Model Y yet to show signs of reviving the brand’s fortunes.

    Overall car sales in Europe rose 1.9%, with the strongest growth coming from plug-in hybrids and cars powered by alternative fuels, data from the European Automobile Manufacturers Association (ACEA) showed.

    WHY IT’S IMPORTANT

    Tesla’s European sales have now fallen for five straight months as customers switch to cheaper Chinese EVs and, in some cases, protest against Tesla CEO Elon Musk’s politics.

    Tesla’s European market share dropped to just 1.2% in May from 1.8% a year ago.

    The revised Model Y is meant to revamp the company’s ageing model range as traditional automakers and Chinese rivals launch EVs at a rapid pace amid trade tensions.

    BY THE NUMBERS

    May new car sales in the European Union, Britain and the European Free Trade Association rose to 1.11 million vehicles, following a 0.3% dip in April, ACEA data showed.

    Registrations at Chinese state-owned SAIC Motor and Germany’s BMW rose 22.5% and 5.6% respectively, while they fell 23% at Japan’s Mazda.

    In the EU alone, total car sales have fallen 0.6% so far this year.

    That comes despite growing demand for EVs, with registrations of battery-electric (BEV), plug-in hybrid (PHEV) and hybrid-electric (HEV) cars rising 26.1%, 15% and 19.8% respectively.

    EU sales of BEVs, HEVs and PHEVs combined accounted for 58.9% of passenger car registrations in May, up from 48.9% in May 2024.

    Among the largest EU markets, new car sales in Spain and Germany rose 18.6% and 1.2% respectively, while in France and Italy they dropped by 12.3% and 0.1%.

    In Britain, registrations were up 1.6%.

    (Reuters)

  • Tesla’s European sales slump for fifth month as EV rivals gain momentum

    Source: Government of India

    Source: Government of India (4)

    Tesla’s new car sales in Europe fell 27.9% in May from a year earlier even as fully-electric vehicle sales in the region jumped 27.2%, with the U.S. EV maker’s revised Model Y yet to show signs of reviving the brand’s fortunes.

    Overall car sales in Europe rose 1.9%, with the strongest growth coming from plug-in hybrids and cars powered by alternative fuels, data from the European Automobile Manufacturers Association (ACEA) showed.

    WHY IT’S IMPORTANT

    Tesla’s European sales have now fallen for five straight months as customers switch to cheaper Chinese EVs and, in some cases, protest against Tesla CEO Elon Musk’s politics.

    Tesla’s European market share dropped to just 1.2% in May from 1.8% a year ago.

    The revised Model Y is meant to revamp the company’s ageing model range as traditional automakers and Chinese rivals launch EVs at a rapid pace amid trade tensions.

    BY THE NUMBERS

    May new car sales in the European Union, Britain and the European Free Trade Association rose to 1.11 million vehicles, following a 0.3% dip in April, ACEA data showed.

    Registrations at Chinese state-owned SAIC Motor and Germany’s BMW rose 22.5% and 5.6% respectively, while they fell 23% at Japan’s Mazda.

    In the EU alone, total car sales have fallen 0.6% so far this year.

    That comes despite growing demand for EVs, with registrations of battery-electric (BEV), plug-in hybrid (PHEV) and hybrid-electric (HEV) cars rising 26.1%, 15% and 19.8% respectively.

    EU sales of BEVs, HEVs and PHEVs combined accounted for 58.9% of passenger car registrations in May, up from 48.9% in May 2024.

    Among the largest EU markets, new car sales in Spain and Germany rose 18.6% and 1.2% respectively, while in France and Italy they dropped by 12.3% and 0.1%.

    In Britain, registrations were up 1.6%.

    (Reuters)

  • MIL-OSI Banking: Recommendations of the Working Group on Comprehensive Review of Trading and Settlement Timings of Various Markets Regulated by the Reserve Bank

    Source: Reserve Bank of India

    The Reserve Bank had set up the Working Group (Chairperson: Shri Radha Shyam Ratho) to undertake a comprehensive review of trading and settlement timings of financial markets regulated by the Reserve Bank. The Working Group provided recommendations aimed at facilitating further market development, price discovery, and optimization of liquidity requirements. Its report was published on the RBI’s website inviting comments from members of the public. The Reserve Bank has examined the recommendations of the Committee as well as the feedback received and it has been decided to implement the following recommendations:

    1. The market timings for call money shall be extended to 7:00 PM with effect from July 01, 2025. Accordingly, the revised market hours shall be from 9:00 AM to 7:00 PM.

    2. The trading hours of market repo and Tri-Party Repo (TREP) shall be extended to 4:00 PM with effect from August 01, 2025. Accordingly, the revised trading hours shall be from 9:00 AM to 4:00 PM.

    3. The trading hours for Government securities market, foreign exchange market and interest rate derivatives market remain unchanged.

    2. Other recommendations of the Working Group are under consideration and the decisions thereon will be taken in due course.

    (Puneet Pancholy)  
    Chief General Manager

    Press Release: 2025-2026/586

    MIL OSI Global Banks –

  • MIL-OSI: 36/2025・Trifork Group: Reporting of transactions made by persons discharging managerial responsibilities

    Source: GlobeNewswire (MIL-OSI)

    Company announcement no. 36 / 2025
    Schindellegi, Switzerland – 25 June 2025

    Reporting of transactions made by persons discharging managerial responsibilities

    Pursuant to the Market Abuse Regulation Article 19, Trifork Group AG (Swiss company registration number CHE-474.101.854) (“Trifork”) hereby notifies receipt of information of the following transactions made by persons discharging managerial responsibilities in Trifork in connection with fixed salaries paid in shares. Reference is made to company announcement no. 1/2025 on 21 January 2025.

    1. Details of the person discharging managerial responsibilities/person closely associated
    a) Name Jørn Larsen
    2. Reason for the notification
    a) Position/status CEO
    b) Initial notification/
    Amendment    		 Initial notification
    3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
    a) Name Trifork Group AG
    b) LEI 8945004BYZKXPESTBL36
    4.1 Details of the transaction(s)
    a) Description of the financial instrument, type of instrument

    Identification code

    		 Shares

    ISIN CH1111227810
    b) Nature of the transaction A share of 25% of the fixed monthly salary is paid out in shares as described in the company announcement no. 1/2025.
    c) Price(s) and volume(s) Price(s) Volume(s)
    DKK 0 1,081
    d) Aggregated information
    —
    Aggregated volume —
    Price    		 N/A
    e) Date of the transaction 25 June 2025
    f) Place of the transaction Outside a trading venue
    1. Details of the person discharging managerial responsibilities/person closely associated
    a) Name Kristian Wulf-Andersen
    2. Reason for the notification
    a) Position/status CFO
    b) Initial notification/
    Amendment    		 Initial notification
    3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
    a) Name Trifork Group AG
    b) LEI 8945004BYZKXPESTBL36
    4.1 Details of the transaction(s)
    a) Description of the financial instrument, type of instrument

    Identification code

    		 Shares

    ISIN CH1111227810
    b) Nature of the transaction A share of 10% of the fixed monthly salary is paid out in shares as described in the company announcement no. 1/2025.
    c) Price(s) and volume(s) Price(s) Volume(s)
    DKK 0 288
    d) Aggregated information
    —
    Aggregated volume —
    Price    		 N/A
    e) Date of the transaction 25 June 2025
    f) Place of the transaction Outside a trading venue


    Investor and press contact
    Frederik Svanholm, Group Investment Director, frsv@trifork.com, +41 79 357 73 17

    About Trifork
    Trifork (Nasdaq Copenhagen: TRIFOR) is a pioneering global technology company, empowering enterprise and public sector customers with innovative digital products and solutions. With 1,215 professionals across 71 business units in 16 countries, Trifork specializes in designing, building, and operating advanced software across sectors such as public administration, healthcare, manufacturing, logistics, energy, financial services, retail, and real estate. The Group’s R&D arm, Trifork Labs, drives innovation by investing in and developing synergistic, high-potential technology companies. Learn more at trifork.com.

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    The MIL Network –

  • MIL-OSI: Sterling Trading Tech wins Best Market Simulation Solution in the TradingTech Insight Awards USA 2025

    Source: GlobeNewswire (MIL-OSI)

    Chicago, June 25, 2025 (GLOBE NEWSWIRE) — Sterling Trading Tech (Sterling), a leading provider of professional trading technology solutions, today announced that the Sterling Trading Simulator has been named the Best Market Simulation Solution in the 2025 TradingTech Insight Awards USA.

    The award recognizes Sterling’s commitment to innovation in trader education and development. The Sterling Trading Simulator enables brokers, prop trading groups, and educational institutions to train users in a real-time simulated environment that mirrors Sterling’s flagship professional trading platforms. Supporting both equities and options, the simulator provides a risk-free arena to test strategies and practice advanced functionality.

    Said Jen Nayar, President & CEO of Sterling: “This award highlights our dedication to equipping traders with tools to learn, train, and optimize performance in a realistic, consequence-free setting. We’re honored to be recognized by the industry and our clients for delivering a solution that strengthens education, fosters confidence, and supports continuous trader development.”

    The A-Team Group’s TradingTech Insight Awards USA celebrate excellence in trading technology and recognize standout solutions and innovations across the North American institutional trading industry.

    -END-

    About Sterling Trading Tech
    Sterling Trading Tech (Sterling) is a leading provider of professional trading technology solutions for the global equities, equity options, futures, fixed income, mutual funds, FX, and crypto markets. With over 100 clients across more than 20 countries, Sterling delivers fast, reliable platforms tailored to the needs of brokers, clearing firms, and prop trading groups. Sterling is committed to innovation, stability, and exceptional client service.  For more information, please visit www.sterlingtradingtech.com.

    Media Contact:
    Magdalena Mayer
    magdalena.mayer@sterlingtradingtech.com
    (312) 346-9600

    The MIL Network –

  • MIL-OSI: Sterling Trading Tech wins Best Market Simulation Solution in the TradingTech Insight Awards USA 2025

    Source: GlobeNewswire (MIL-OSI)

    Chicago, June 25, 2025 (GLOBE NEWSWIRE) — Sterling Trading Tech (Sterling), a leading provider of professional trading technology solutions, today announced that the Sterling Trading Simulator has been named the Best Market Simulation Solution in the 2025 TradingTech Insight Awards USA.

    The award recognizes Sterling’s commitment to innovation in trader education and development. The Sterling Trading Simulator enables brokers, prop trading groups, and educational institutions to train users in a real-time simulated environment that mirrors Sterling’s flagship professional trading platforms. Supporting both equities and options, the simulator provides a risk-free arena to test strategies and practice advanced functionality.

    Said Jen Nayar, President & CEO of Sterling: “This award highlights our dedication to equipping traders with tools to learn, train, and optimize performance in a realistic, consequence-free setting. We’re honored to be recognized by the industry and our clients for delivering a solution that strengthens education, fosters confidence, and supports continuous trader development.”

    The A-Team Group’s TradingTech Insight Awards USA celebrate excellence in trading technology and recognize standout solutions and innovations across the North American institutional trading industry.

    -END-

    About Sterling Trading Tech
    Sterling Trading Tech (Sterling) is a leading provider of professional trading technology solutions for the global equities, equity options, futures, fixed income, mutual funds, FX, and crypto markets. With over 100 clients across more than 20 countries, Sterling delivers fast, reliable platforms tailored to the needs of brokers, clearing firms, and prop trading groups. Sterling is committed to innovation, stability, and exceptional client service.  For more information, please visit www.sterlingtradingtech.com.

    Media Contact:
    Magdalena Mayer
    magdalena.mayer@sterlingtradingtech.com
    (312) 346-9600

    The MIL Network –

  • MIL-OSI: New Jitterbit Partner Program Enables Global Channel to Deliver Enterprise Automation, AI Agents

    Source: GlobeNewswire (MIL-OSI)

    FRANKFURT, Germany, June 25, 2025 (GLOBE NEWSWIRE) — Jitterbit, a global leader in accelerating business transformation for enterprise systems, today announced the global expansion of its partner program and new Jitterbit University partner curricula. Together, they provide solution providers, consulting firms and channel technology partners clear and profitable paths toward delivering end-to-end automation and agentic AI solutions to customers.

    “With the unprecedented focus on AI, channel partners are looking at the value technology provides their customers in a whole new way,” said Jitterbit Chief Revenue Officer Luca Taglioretti. “The advent of agentic AI is their chance to deliver real business improvement to customers faster than ever before. And the new Jitterbit Partner Program was designed from the ground up with these forward-thinking partners in mind.”

    In today’s world of complex, multi-vendor IT environments, it’s imperative that a modern partner ecosystem is designed to train, enable and empower reseller and referral partners to help their customers grow in the AI era.

    “Every enterprise is looking to infuse AI into the parts of their business where it will make the most financial impact,” said Jitterbit President and CEO Bill Conner. “But with a scarcity of skilled coding resources and trusted AI technology, enterprises want solutions and resources that bring business transformation and AI together. Jitterbit’s new partner program offers technology partners real AI solutions, training and certification, and a clear path to accelerate their customers’ businesses today — not 18 or 24 months down the road.”

    Partner Benefits Designed for Quick Growth in Agentic AI, Enterprise Automation

    The new global Jitterbit Partner Program is designed from the ground up to accelerate Jitterbit partners as they provide automation, integration, low-code app development and agentic AI capabilities to a new wave of business technologists.

    The boost to Jitterbit’s channel follows the release of Jitterbit’s new layered AI and low-code Harmony platform, which allows enterprises to democratize automation, design and build end-to-end systems, and even build their own AI agents.

    “If technology partners and resellers are serious about automation and agentic AI, they need to align their strategies with vendors that are building secure, compliant and accountable AI agents the right way,” said Hermann Ramacher, CEO of ADN, a major Jitterbit distributor in Germany. “What’s attractive to ADN is that we can use Jitterbit’s platform to build agents ourselves, or outsource the work to their AI experts. It gives us the ease, speed and flexibility to deliver value for our customers and accelerate our business into the next phase of AI.”

    The first phase of the new global Jitterbit Partner Program delivers resellers and referral partners foundational benefits to scale their automation capabilities:

    • Financial Benefits & Deal Protection: Partners can benefit from competitive product discounts for new unique opportunities through deal registration and annual back-end rebates, ensuring competitive advantages and protected margins. Referral partners receive referral fees.
    • Structured Onboarding & Co-Selling: Jitterbit provides a structured onboarding program to rapidly enable partners within 90 days, complemented by a collaborative co-selling model that encourages early engagement, team-based interactions, and shared opportunities.
    • Go-to-Market Support & Growth: Reseller partners gain access to performance incentive programs, proposal-based MDF, and assigned sales executive leadership to drive joint market initiatives. Joint business plan development and rep-to-rep alignment further foster mutual growth.
    • Complimentary Training & Resources: Free online training and certification curriculum is available for all partners. Initial online product technical training and complimentary sandbox access is available for resellers, ensuring partners are well-equipped to sell and support Jitterbit solutions. Partners also have access to a dedicated support portal and various resources.

    Jitterbit University Delivers Accelerated Path toward Agentic Experience

    Jitterbit’s new partner program includes partner-specific training and certifications within the world-class Jitterbit University. This online learning platform accelerates skills transfer in the fast-moving AI market by offering:

    • Complimentary Training Library: Equip teams with essential skills through a full suite of complimentary training courses.
    • Structured Learning Paths & Certification: Gain expertise and confidence on the Harmony platform with dedicated training paths and a recognized certification program.
    • Collaborate with Jitterbit Experts: Connect and collaborate with the Jitterbit Community, a global network of Jitterbit users and experts.

    Available globally, this expanded enablement resource means Jitterbit’s channel community can quickly answer customer questions across a vast array of topics and use time-proven shortcuts to speed up implementations.

    Design, Source AI Agents within AI-Infused Harmony Platform

    According to a recent Jitterbit survey, 69% of UK and US enterprises are not currently set up to deliver agentic AI — presenting a huge opportunity for those across the IT industry looking to offer these services.

    Rather than relying on ‘off the shelf’ or ‘sameware’ tech offerings to meet this growing demand, enterprises are increasingly turning to Jitterbit Harmony to take full control of their own AI-infused future.

    “The market we operate in is more dynamic and fast-paced than ever before,” said Taglioretti. “Businesses are increasingly relying on technology to drive their success, and the demand for innovative, scalable solutions has reached new heights. Agentic AI is not just a trend — it’s a massive wave of opportunity, and together, we are perfectly positioned to ride it.”

    About Jitterbit
     For organizations ready to modernize and innovate, Jitterbit provides a unified AI-infused low code platform for integration, orchestration, automation, and app development that accelerates business transformation, boosts productivity, and unlocks value. The Jitterbit Harmony platform, including iPaaS, API Manager, App Builder and EDI, future-proofs operations, simplifies complexity and drives innovation for organizations globally. Learn more at www.jitterbit.com and follow us on LinkedIn.

    Media Contact:

    Geoff Blaine
    Jitterbit
    Email: geoff.blaine@jitterbit.com

    The MIL Network –

  • MIL-OSI: New Jitterbit Partner Program Enables Global Channel to Deliver Enterprise Automation, AI Agents

    Source: GlobeNewswire (MIL-OSI)

    FRANKFURT, Germany, June 25, 2025 (GLOBE NEWSWIRE) — Jitterbit, a global leader in accelerating business transformation for enterprise systems, today announced the global expansion of its partner program and new Jitterbit University partner curricula. Together, they provide solution providers, consulting firms and channel technology partners clear and profitable paths toward delivering end-to-end automation and agentic AI solutions to customers.

    “With the unprecedented focus on AI, channel partners are looking at the value technology provides their customers in a whole new way,” said Jitterbit Chief Revenue Officer Luca Taglioretti. “The advent of agentic AI is their chance to deliver real business improvement to customers faster than ever before. And the new Jitterbit Partner Program was designed from the ground up with these forward-thinking partners in mind.”

    In today’s world of complex, multi-vendor IT environments, it’s imperative that a modern partner ecosystem is designed to train, enable and empower reseller and referral partners to help their customers grow in the AI era.

    “Every enterprise is looking to infuse AI into the parts of their business where it will make the most financial impact,” said Jitterbit President and CEO Bill Conner. “But with a scarcity of skilled coding resources and trusted AI technology, enterprises want solutions and resources that bring business transformation and AI together. Jitterbit’s new partner program offers technology partners real AI solutions, training and certification, and a clear path to accelerate their customers’ businesses today — not 18 or 24 months down the road.”

    Partner Benefits Designed for Quick Growth in Agentic AI, Enterprise Automation

    The new global Jitterbit Partner Program is designed from the ground up to accelerate Jitterbit partners as they provide automation, integration, low-code app development and agentic AI capabilities to a new wave of business technologists.

    The boost to Jitterbit’s channel follows the release of Jitterbit’s new layered AI and low-code Harmony platform, which allows enterprises to democratize automation, design and build end-to-end systems, and even build their own AI agents.

    “If technology partners and resellers are serious about automation and agentic AI, they need to align their strategies with vendors that are building secure, compliant and accountable AI agents the right way,” said Hermann Ramacher, CEO of ADN, a major Jitterbit distributor in Germany. “What’s attractive to ADN is that we can use Jitterbit’s platform to build agents ourselves, or outsource the work to their AI experts. It gives us the ease, speed and flexibility to deliver value for our customers and accelerate our business into the next phase of AI.”

    The first phase of the new global Jitterbit Partner Program delivers resellers and referral partners foundational benefits to scale their automation capabilities:

    • Financial Benefits & Deal Protection: Partners can benefit from competitive product discounts for new unique opportunities through deal registration and annual back-end rebates, ensuring competitive advantages and protected margins. Referral partners receive referral fees.
    • Structured Onboarding & Co-Selling: Jitterbit provides a structured onboarding program to rapidly enable partners within 90 days, complemented by a collaborative co-selling model that encourages early engagement, team-based interactions, and shared opportunities.
    • Go-to-Market Support & Growth: Reseller partners gain access to performance incentive programs, proposal-based MDF, and assigned sales executive leadership to drive joint market initiatives. Joint business plan development and rep-to-rep alignment further foster mutual growth.
    • Complimentary Training & Resources: Free online training and certification curriculum is available for all partners. Initial online product technical training and complimentary sandbox access is available for resellers, ensuring partners are well-equipped to sell and support Jitterbit solutions. Partners also have access to a dedicated support portal and various resources.

    Jitterbit University Delivers Accelerated Path toward Agentic Experience

    Jitterbit’s new partner program includes partner-specific training and certifications within the world-class Jitterbit University. This online learning platform accelerates skills transfer in the fast-moving AI market by offering:

    • Complimentary Training Library: Equip teams with essential skills through a full suite of complimentary training courses.
    • Structured Learning Paths & Certification: Gain expertise and confidence on the Harmony platform with dedicated training paths and a recognized certification program.
    • Collaborate with Jitterbit Experts: Connect and collaborate with the Jitterbit Community, a global network of Jitterbit users and experts.

    Available globally, this expanded enablement resource means Jitterbit’s channel community can quickly answer customer questions across a vast array of topics and use time-proven shortcuts to speed up implementations.

    Design, Source AI Agents within AI-Infused Harmony Platform

    According to a recent Jitterbit survey, 69% of UK and US enterprises are not currently set up to deliver agentic AI — presenting a huge opportunity for those across the IT industry looking to offer these services.

    Rather than relying on ‘off the shelf’ or ‘sameware’ tech offerings to meet this growing demand, enterprises are increasingly turning to Jitterbit Harmony to take full control of their own AI-infused future.

    “The market we operate in is more dynamic and fast-paced than ever before,” said Taglioretti. “Businesses are increasingly relying on technology to drive their success, and the demand for innovative, scalable solutions has reached new heights. Agentic AI is not just a trend — it’s a massive wave of opportunity, and together, we are perfectly positioned to ride it.”

    About Jitterbit
     For organizations ready to modernize and innovate, Jitterbit provides a unified AI-infused low code platform for integration, orchestration, automation, and app development that accelerates business transformation, boosts productivity, and unlocks value. The Jitterbit Harmony platform, including iPaaS, API Manager, App Builder and EDI, future-proofs operations, simplifies complexity and drives innovation for organizations globally. Learn more at www.jitterbit.com and follow us on LinkedIn.

    Media Contact:

    Geoff Blaine
    Jitterbit
    Email: geoff.blaine@jitterbit.com

    The MIL Network –

  • MIL-Evening Report: Election flows reveal nearly 90% of Greens preferenced Labor ahead of Coalition

    Source: The Conversation (Au and NZ) – By Adrian Beaumont, Election Analyst (Psephologist) at The Conversation; and Honorary Associate, School of Mathematics and Statistics, The University of Melbourne

    Minor party preference flows for the federal election have been released, with Labor winning Greens preferences by 88.2–11.8, while the Coalition won One Nation preferences by 74.5–24.5. I also cover a SA state poll that gave Labor a massive 67–33 lead.

    The Australian Electoral Commission’s results for the May 3 federal election now show how minor parties’ preferences flowed between Labor and the Coalition. The Greens won 12.2% of the national primary vote, and their preferences favoured Labor over the Coalition by 88.2–11.8. That’s a 2.5% preference flow gain for Labor since the 2022 election.

    One Nation had 6.4% of primary votes. Their preferences favoured the Coalition over Labor by 74.5–25.5, a 10.2% preference flow gain for the Coalition. Independents made up 7.3% of primary votes, and their preferences favoured Labor by 67.2–32.8, a 3.4% gain for Labor.

    Including Trumpet of Patriots (1.9% of primary votes) with others, others made up 7.7% of primary votes and their preferences favoured the Coalition by 57.3–42.7, a 0.6% gain for the Coalition since 2022 if United Australia Party (4.1% in 2022) is included with others then.

    The AEC formally declared the poll by returning the writs on June 12. Results can be legally challenged within 40 days of this declaration, so by July 22.

    In Bradfield, Teal Nicolette Boele only won by 26 votes against the Liberals, and this result could be challenged.

    As the AEC does not want to disturb the ballot papers until any challenge is resolved by the courts, it is for now using an estimated two-party result in Bradfield (55.0–45.0 to the Liberals against Labor). Analyst Ben Raue believes this estimate is understating Labor in Bradfield by 4.4%.

    If Raue is right, the current national two-party vote (55.22–44.78 to Labor) is very slightly understating Labor.

    While One Nation’s preference shift helped the Coalition, there were compensatory shifts to Labor from Greens and independent voters. The combined primary vote for One Nation and Trumpet of Patriots was down 0.8% from 2022 to 8.3%, while independents were up 2.0%.

    Applying 2022 election flows to primary votes at this election only overstates Labor by 0.1% compared to their actual two-party vote.

    In my poll review article on June 5, I said respondent allocated preferences in final polls did not show a large gap in the Coalition’s favour from using 2022 election flows that had occurred in polls earlier in the year.

    It’s likely that Labor’s share of preferences from Greens and Teal-type independents rose close to the election. People who voted for these candidates may have been disappointed with Labor’s environmental record, but both Peter Dutton and Donald Trump helped Labor with these people.

    In the last term, the Greens were economically left-wing as well as pro-environment. Voters who supported the Greens because of their economic agenda are probably less likely to prefer the Coalition to Labor than environmental voters.

    The Poll Bludger has a graph that shows that, in federal elections since 2004, Labor’s share of Greens preferences was at a record high this election, but their share of One Nation preferences was at a record low.

    Weak Labor flows to Boele

    In Bradfield, Labor preferences favoured Boele by 68.6–31.4 against the Liberals.
    There were 16 other seats where Labor preferences were distributed between the Coalition and a non-Coalition candidate. The Labor flow to Boele was the second weakest in such seats. This weak flow almost cost Boele Bradfield.

    The only seat that had a weaker Labor preference flow to a non-Coalition candidate was Maranoa, where the non-Coalition candidate was One Nation. Labor preferences in Maranoa split 57.9–42.1 to the Liberal National Party against One Nation. In 13 of the 17 seats, Labor preferences flowed at over 75% rates to the non-Coalition candidate.

    In early April, the ABC reported Boele had made a crude sexual remark to a 19-year-old employee at a hair salon after receiving a haircut and was banned from that salon. This may explain the weaker preference flow from Labor voters.

    Weak Greens flows to Teals in Teal vs Labor contests

    There were three seats where the final two were Labor and a Teal independent: Bean, Franklin and Fremantle. In Bean and Fremantle, the Liberals recommended preferences to the Teal on their how to vote material, but not in Franklin.

    Labor held all three seats, but only by 50.3–49.7 in Bean and 50.7–49.3 in Fremantle. Labor won much more easily in Franklin, by 57.8–42.2, where they benefited from Liberal how to vote cards.

    In Bean, Greens preferences only favoured Teal Jessie Price by 50.6–49.4 over Labor, while Liberal preferences favoured her by 80.0–20.0. In Fremantle, Greens preferences favoured Teal Kate Hulett by 52.9–47.1, while Liberal preferences favoured her by 76.5–23.5. In Franklin, Greens preferences favoured Teal Peter George by 53.8–46.2.

    In Bean and Fremantle, had Greens preferences been stronger for the Teal, Labor would have lost to a more pro-environment candidate. Perhaps Labor benefited on Greens preferences owing to the Greens’ more economic left-wing agenda.

    And a national Morgan poll, conducted June 2–22 from a sample of 3,957, gave Labor a 58–42 lead, unchanged from the previous Morgan poll in May. Primary votes were 37.5% Labor (up 0.5), 31% Coalition (steady), 12% Greens (up 0.5), 6% One Nation (steady) and 13.5% for all Others (down one).

    By 43–41.5, voters thought the country was headed in the right direction, the first time right direction has led since February 2023. The overall net +1.5 rating is +48 with Labor voters, +11.5 with Greens, -43 with Coalition voters, -80.5 with One Nation voters and -17.5 with all Others.

    Labor holds massive lead in SA

    The next South Australian state election will be held in March 2026. A YouGov poll for The Adelaide Advertiser, conducted May 15–28 from a sample of 903, gave Labor a massive 67–33 lead over the Liberals (54.6–45.4 to Labor at the March 2022 election). Primary votes were 48% Labor, 21% Liberals, 14% Greens, 7% One Nation, 8% independents and 2% others.

    If the results at next March’s election reflect this poll, the Liberals would hold just two of the 47 lower house seats on a uniform swing. It would be easily their worst result in SA state history.

    In Australian electoral history, there has only been one bigger landslide: when Western Australian Labor defeated the Liberals and Nationals by 69.7–30.3 at the March 2021 state election.

    Socialist likely to be next New York City mayor

    I covered today’s AEST New York City Democratic mayoral primary election for The Poll Bludger. While preferences won’t be tabulated until next Tuesday, the socialist Zohran Mamdani leads former New York governor Andrew Cuomo by 43.5–36.4 on primary votes, and is virtually certain to win. As the Democratic nominee, Mamdani is likely to win the November general election.

    The article also covers Donald Trump’s ratings and polls in Israel.

    Adrian Beaumont does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    – ref. Election flows reveal nearly 90% of Greens preferenced Labor ahead of Coalition – https://theconversation.com/election-flows-reveal-nearly-90-of-greens-preferenced-labor-ahead-of-coalition-259438

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI Russia: Investments in the acquisition of finished commercial real estate in Moscow have grown by almost 80 percent

    Translation. Region: Russian Federal

    Source: Moscow Government – Government of Moscow –

    In January-March 2025, investments in the purchase of finished commercial real estate in Moscow amounted to 164 billion rubles. This is almost 80 percent more than the same period in 2024, reported Maria Bagreeva, Deputy Mayor of Moscow, Head of the Moscow Department of Economic Policy and Development.

    “The main investors are large corporations and banks, for which the purchase of real estate for offices and headquarters is a profitable long-term investment, especially in the context of rising rental rates and a limited supply of quality space. In January-March 2025, investments in completed commercial real estate in the capital amounted to 164 billion rubles. Moscow accounted for 89 percent of all transactions with completed commercial real estate in the country in the first quarter – nine percentage points more than in January-March 2024,” noted Maria Bagreeva.

    Investments in commercial real estate construction also increased significantly in the first quarter of 2025. According to the Investment Projects digital platform, 371 projects worth 1.9 trillion rubles were in the active implementation stage at the beginning of April 2025. Compared to the first quarter of last year, the volume of investments increased by 26 percent.

    Almost half of these funds were invested in the construction of multifunctional complexes that combine several types of real estate. Among them are offices, as well as retail and entertainment areas. Another quarter of the investment went to the construction of apartments, which began even before the introduction of restrictions on the launch of new projects in this area last fall. A fifth of the investment is aimed at the construction of logistics facilities, shopping centers and entertainment complexes. New commercial properties are being built mainly in the northwestern part of the capital.

    According to Maria Bagreeva, active investments in commercial real estate make the urban environment more saturated, efficient and accessible. Multifunctional complexes attract city residents, as they represent modern spaces, next to which there is housing, work, recreation and familiar services. This helps to reduce pendulum mobility, increases the convenience of life and saves city residents’ time.

    The development of commercial development is accompanied by the improvement of territories, modernization of transport infrastructure and the emergence of new public spaces. As a result, investments in real estate not only work for the economy, but also improve the quality of urban life – from the comfort of travel to a variety of services and convenience in everyday life.

    In the first quarter of this year, the city sold more than 420 commercial premises

    On the instructions of Sergei Sobyanin, the city is paying special attention to the quality of construction of business infrastructure facilities.

    “Currently, Mosgosstroynadzor supervises over 60 commercial infrastructure facilities with a total area of over 1.6 million square meters. Among the most iconic are the Sberbank headquarters on Kutuzovsky Prospekt and the new dominant building next to Moscow City – the iCITY business center, in which the construction of the second 61-story building is being completed. Innovative technologies and thoughtful functionality embodied in these buildings serve as a clear confirmation of the capital’s status as a world-class business center,” added the chairman of the capital’s Committee for State Construction Supervision (Mosgosstroynadzor). Anton Slobodchikov.

    Quickly find out the main news of the capital inofficial telegram channel the city of Moscow.

    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.

    Please Note; This Information is Raw Content Directly from the Information Source. It is access to What the Source Is Stating and Does Not Reflect

    https: //vv.mos.ru/nevs/ite/155794073/

    MIL OSI Russia News –

  • MIL-OSI Russia: In the former industrial zone of Lyublino, they plan to implement a project under the program of integrated development of territories

    Translation. Region: Russian Federal

    Source: Moscow Government – Government of Moscow –

    In the south-east of the capital, areas of the former industrial zone of Lyublino with a total area of 28.37 hectares will be reorganized under the program of integrated development of territories (IDT). Draft resolution published on the Moscow Government portal. This was reported by the Deputy Mayor of Moscow for Urban Development Policy and Construction Vladimir Efimov.

    “A new quarter with the necessary infrastructure for comfortable living, recreation and work will be created in the South-Eastern Administrative District of the capital. It will appear as part of the implementation of the project for the integrated development of part of the former industrial zone of Lyublino. It provides for the construction of various real estate, including residential, public, business and social facilities. Investments in the development of the site are estimated at 91.2 billion rubles, and the annual budget effect will be about 205.5 million rubles. Thanks to the implementation of the project, it is planned to create 4.2 thousand jobs,” said Vladimir Efimov.

    The reorganized territory is located on Lyublinskaya Street (property 82) and in Yegoryevsky Proyezd (properties 2–7). The Depot station of the second Moscow Central Diameter is located nearby.

    “The integrated development project of the territory provides for the construction of a residential quarter. On the ground floors of the buildings there will be consumer services and shops. The infrastructure will be supplemented by two public and business centers, a multifunctional business center with a shopping gallery, a sports and fitness complex, an ice arena, as well as buildings for public utilities. In total, about 170 thousand square meters of public, business and social facilities will appear here,” said the Minister of the Moscow Government, head of the capital’s Department of Urban Development Policy

    Vladislav Ovchinsky.

    According to the KRT program, multifunctional city blocks are being created, where roads, comfortable housing and all the necessary infrastructure are being designed on the site of former industrial zones and inefficiently used areas. Currently, 302 projects for the integrated development of territories with a total area of about 4.2 thousand hectares are at various stages of development and implementation in Moscow. This work is being carried outon behalf of Sergei Sobyanin.

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

    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.

    Please Note; This Information is Raw Content Directly from the Information Source. It is access to What the Source Is Stating and Does Not Reflect

    https: //vv.mos.ru/nevs/ite/155776073/

    MIL OSI Russia News –

  • MIL-OSI Video: A Conversation with Lawrence Wong, Prime Minister of Singapore

    Source: World Economic Forum (video statements)

    A Conversation with Lawrence Wong, Prime Minister and Minister for Finance of Singapore

    https://www.youtube.com/watch?v=T2UoSPmSMxc

    MIL OSI Video –

  • MIL-OSI Banking: 2nd Meeting of the East Asia Summit Group convenes at the ASEAN Headquarters/ASEAN Secretariat

    Source: ASEAN

    The Second Meeting of the Group of the East Asia Summit (EAS) Participating Countries’ Ambassadors to ASEAN in Jakarta (2/2025 EAS Group Meeting) convened today at the ASEAN Headquarters/ASEAN Secretariat. The Meeting reviewed progress of the implementation of the EAS Plan of Action 2024–2028, discussed preparations for the upcoming 15th EAS Foreign Ministers’ Meeting in July and outcome documents of 20th East Asia Summit in October 2025, and exchanged information on regional development cooperation initiatives. Ambassadors or representatives from EAS Participating Countries and the ASEAN Secretariat were in attendance. Timor-Leste attended as Observer.

    The post 2nd Meeting of the East Asia Summit Group convenes at the ASEAN Headquarters/ASEAN Secretariat appeared first on ASEAN Main Portal.

    MIL OSI Global Banks –

  • MIL-OSI Asia-Pac: Algernon Yau attends forum in Paris

    Source: Hong Kong Information Services

    Secretary for Commerce & Economic Development Algernon Yau yesterday attended the China Forum, organised by Business France, in Paris, as he wrapped up a week-long visit to France.

    Speaking at the forum, Mr Yau remarked that Asia is currently contributing 60% to global economic growth. He added that Asia, and in particular the Mainland market, presents a unique opportunity for businesses looking to expand their horizons globally.

    He outlined that as a super connector between foreign investors and the Mainland, Hong Kong serves as a perfect springboard for French businesses to tap into the Mainland market.

    Mr Yau said that in 2024 Hong Kong’s total trade amounted to US$1,350 billion, making the city the world’s fifth-largest trading entity. Each year, he added, Hong Kong channels a massive volume of trade between the Mainland and the rest of the world.

    The commerce chief stated that under the Mainland and Hong Kong Closer Economic Partnership Arrangement (CEPA), the most liberal free trade agreement ever offered by the Mainland, Hong Kong enterprises and professionals enjoy the most preferential access to the Mainland market. CEPA is “nationality neutral” and does not impose any restrictions on the source of investments.

    Mr Yau encouraged the French business sector to set up companies in Hong Kong as this would allow them to enjoy preferential treatment under CEPA in entering the Mainland market.

    He added that Hong Kong has a simple and low tax system and has no restrictions on the flow of capital.

    In addition to the Mainland market, Mr Yau explained that French businesses can access the Southeast Asian market by using Hong Kong as a base for their regional operations in Asia. He mentioned that Hong Kong is also deepening its trade ties with the Middle East and Association of Southeast Asian Nations countries, and is reaching out to Central Asia to explore new markets.

    Mr Yau stressed that Hong Kong already has strong links with France, adding that the French community is one of the largest and most successful in Hong Kong. He said he believes there is still significant trade potential between Hong Kong and France and that this can bring better synergy and mutual benefits.

    During his stay in Paris, Mr Yau also paid a courtesy call on Minister of the Chinese Embassy in France Chen Dong and briefed him on Hong Kong’s economic and trade situation, including new initiatives such as the reduction of liquor duty.

    Mr Yau also visited the headquarters of Elior Group SA to learn about the company’s operations and business development. He then hosted a dinner for representatives of the France Hong Kong Business Association to interact with local enterprises and exchange views on how to enhance co-operation between Hong Kong and France.

    Before proceeding to Paris, Mr Yau visited a wine cellar in Armagnac and met Armagnac trade representatives to promote Hong Kong’s advantages as a liquor trading hub.

    Mr Yau will depart for Hong Kong today.

    MIL OSI Asia Pacific News –

  • MIL-OSI: NextBillion.ai selects TomTom Orbis Maps to deliver enhanced enterprise-grade solutions globally

    Source: GlobeNewswire (MIL-OSI)

    AMSTERDAM, June 25, 2025 (GLOBE NEWSWIRE) — TomTom (TOM2), the location technology specialist, and NextBillion.ai, a leading provider of AI-powered mapping solutions for enterprise, today announced an expanded partnership to deliver precise route calculations and travel time estimations across mobility, fleet, and logistics industries globally. NextBillion.ai leverages TomTom Orbis Maps within its API-first platform to deliver a powerful optimization and scheduling experience, better optimized routes and advanced integration capabilities.

    NextBillion.ai’s all-in-one API platform prioritizes ease of use, customization and seamless integration across routing, navigation, and tracking use cases. It offers advanced features, such as customizable objective functions, sophisticated task sequencing, and support for over 50 constraints, allowing businesses to navigate their roadmaps with ease.

    The integration of TomTom Orbis Maps into the NextBillion.ai engine equips drivers and field service agents with efficient routing, enabling them to perform deliveries and tasks more effectively. Improved routing and more accurate estimated times of arrival support increased productivity and enhanced safety. Additionally, as TomTom supports truck-specific routing that considers vehicle dimensions, weight, and cargo type, customers are guaranteed efficient and regulation-compliant navigation in all instances.

    “At NextBillion.ai, we’re focused on helping enterprises solve complex mapping and routing challenges at scale,” said Gaurav Bubna, Co-founder, NextBillion.ai. “Integrating TomTom’s Orbis Maps into our platform allows us to offer even greater accuracy, customization, and operational efficiency, empowering our customers to make smarter decisions in real-time.”

    “We are proud to expand our partnership with NextBillion.ai and deliver improved solutions to the mobility and logistics industries,” said Mike Schoofs, Chief Revenue Officer, TomTom. “By combining the advanced capabilities of TomTom Orbis Maps with NextBillion.ai’s API-first platform, we support businesses with more accurate and efficient routing.”

    About TomTom:

    Billions of data points. Millions of sources. Thousands of communities.

    We are the mapmaker bringing it all together to build the world’s smartest map. We provide location data and technology to drivers, carmakers, businesses and developers. Our application-ready maps, routing, real-time traffic, APIs and SDKs empower the dreamers and doers to move our world forward.

    Headquartered in Amsterdam with 3,600 employees around the globe, TomTom has been shaping the future of mobility for over 30 years.

    www.tomtom.com

    About NextBillion.ai:

    NextBillion.ai is a leader in AI-powered routing and route optimization solutions, helping businesses customize, scale, and optimize their routing infrastructure through advanced APIs and tools. Operating globally across diverse industries, including logistics, field services, food delivery, and ride-hailing, NextBillion.ai’s platform processes millions of API calls daily, serving enterprises with tailored mapping solutions designed for their unique business needs.

    nextbillion.ai

    For further information:

    Media Relations

    mediarelations@tomtom.com

    Investor Relations

    ir@tomtom.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/157ecefb-0171-498e-a877-13dd03145f80

    The MIL Network –

  • MIL-OSI: NextBillion.ai selects TomTom Orbis Maps to deliver enhanced enterprise-grade solutions globally

    Source: GlobeNewswire (MIL-OSI)

    AMSTERDAM, June 25, 2025 (GLOBE NEWSWIRE) — TomTom (TOM2), the location technology specialist, and NextBillion.ai, a leading provider of AI-powered mapping solutions for enterprise, today announced an expanded partnership to deliver precise route calculations and travel time estimations across mobility, fleet, and logistics industries globally. NextBillion.ai leverages TomTom Orbis Maps within its API-first platform to deliver a powerful optimization and scheduling experience, better optimized routes and advanced integration capabilities.

    NextBillion.ai’s all-in-one API platform prioritizes ease of use, customization and seamless integration across routing, navigation, and tracking use cases. It offers advanced features, such as customizable objective functions, sophisticated task sequencing, and support for over 50 constraints, allowing businesses to navigate their roadmaps with ease.

    The integration of TomTom Orbis Maps into the NextBillion.ai engine equips drivers and field service agents with efficient routing, enabling them to perform deliveries and tasks more effectively. Improved routing and more accurate estimated times of arrival support increased productivity and enhanced safety. Additionally, as TomTom supports truck-specific routing that considers vehicle dimensions, weight, and cargo type, customers are guaranteed efficient and regulation-compliant navigation in all instances.

    “At NextBillion.ai, we’re focused on helping enterprises solve complex mapping and routing challenges at scale,” said Gaurav Bubna, Co-founder, NextBillion.ai. “Integrating TomTom’s Orbis Maps into our platform allows us to offer even greater accuracy, customization, and operational efficiency, empowering our customers to make smarter decisions in real-time.”

    “We are proud to expand our partnership with NextBillion.ai and deliver improved solutions to the mobility and logistics industries,” said Mike Schoofs, Chief Revenue Officer, TomTom. “By combining the advanced capabilities of TomTom Orbis Maps with NextBillion.ai’s API-first platform, we support businesses with more accurate and efficient routing.”

    About TomTom:

    Billions of data points. Millions of sources. Thousands of communities.

    We are the mapmaker bringing it all together to build the world’s smartest map. We provide location data and technology to drivers, carmakers, businesses and developers. Our application-ready maps, routing, real-time traffic, APIs and SDKs empower the dreamers and doers to move our world forward.

    Headquartered in Amsterdam with 3,600 employees around the globe, TomTom has been shaping the future of mobility for over 30 years.

    www.tomtom.com

    About NextBillion.ai:

    NextBillion.ai is a leader in AI-powered routing and route optimization solutions, helping businesses customize, scale, and optimize their routing infrastructure through advanced APIs and tools. Operating globally across diverse industries, including logistics, field services, food delivery, and ride-hailing, NextBillion.ai’s platform processes millions of API calls daily, serving enterprises with tailored mapping solutions designed for their unique business needs.

    nextbillion.ai

    For further information:

    Media Relations

    mediarelations@tomtom.com

    Investor Relations

    ir@tomtom.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/157ecefb-0171-498e-a877-13dd03145f80

    The MIL Network –

  • MIL-OSI: KH Group: Indoor Group’s change negotiations concluded – profitability improvement measures continue

    Source: GlobeNewswire (MIL-OSI)

    KH Group Plc
    Press Release 25 June 2025 at 8:30 am EEST

    KH Group: Indoor Group’s change negotiations concluded –
    profitability improvement measures continue

    On 12 May 2025, KH Group announced the start of change negotiations in order to improve profitability in Indoor Group. The change negotiations began on 19 May 2025 and the scope of the negotiations covered 83 employees. At the start of the negotiations, the company estimated that the planned changes would lead to the termination of up to 30 positions.

    The outcome of the change negotiations in Indoor Group is that up to 21 employment relationships will be terminated and temporary layoffs will be implemented by the end of May 2026.

    The change negotiations sought measures to improve profitability by approximately EUR 2 million by renewing management model and reorganizing functions. The measures are part of an extensive operating model reform, estimated to improve Indoor Group’s annual operating profit by at least EUR 10 million by the end of 2026.

    KH GROUP PLC

    Further information:
    CEO Ville Nikulainen, tel. +358 40 045 9343
    Indoor Group CEO Kati Kivimäki, tel. +358 46 876 1500

    Distribution:
    Major media
    www.khgroup.com

    KH Group Plc is a Nordic conglomerate operating in the business areas of KH-Koneet, Nordic Rescue Group and Indoor Group. We are a leading supplier of construction and earth-moving equipment, rescue vehicle manufacturer as well as furniture and interior decoration retailer. The objective of our strategy is to create an industrial group around the business of KH-Koneet. KH Group’s share is listed on Nasdaq Helsinki.

    The MIL Network –

  • MIL-Evening Report: Wild swings in the oil price make the Reserve Bank’s job harder

    Source: The Conversation (Au and NZ) – By John Hawkins, Head, Canberra School of Government, University of Canberra

    It looks, at least for now, as though tensions in the Middle East are easing somewhat. It appears much less likely Iran will try to close the
    Strait of Hormuz, through which flows about a fifth of the world’s oil.

    In response, oil prices have dropped to a two-week low below US$70 a barrel.

    The economists at the Reserve Bank will be breathing a sigh of relief. A surge in oil prices would have injected more uncertainty into the global outlook. It would have made a decision on whether to cut interest rates in July harder.

    Financial markets are betting on a rate cut at the July 7–8 meeting, but three of the four major bank economists are tipping August as more likely.

    A tough global backdrop

    The global economic environment is particularly challenging. Even before the recent increased tensions in the Middle East, the Trump tariff announcements (and withdrawals and re-impositions) were the major cause of the uncertainty around the domestic economy.

    And there is a lot of “uncertainty”. Journalist Shane Wright noted the word “uncertain” appeared 134 times in the Reserve Bank’s latest Statement on Monetary Policy. Something similar has been noted in the United Kingdom.

    There have been wild swings in the oil price in recent days. There was a surge on market fears Iran would close the Strait of Hormuz. The price slid when a ceasefire was announced. It rose again when the ceasefire was broken within hours. As the fragile truce appeared to hold, the price of oil has now gone back down.

    Assumptions on the oil price

    Forecasting where it will be in a day or week, let alone in a month or a year, is difficult. But economic forecasts underlying monetary policy decisions need to incorporate some view. The Reserve Bank generally assumes the oil price stays at its current level in the short term. It then uses the price in forward contracts as a basis for its forecasts beyond that.

    A sustained jump in oil prices would have posed quite a dilemma for the Reserve Bank.

    Generally a shock that adds to inflation would lead to the bank raising interest rates. In contrast, a shock that weakens economic activity would lead to the Bank lowering rates.

    But a surge in oil prices would likely both increase inflation (by pushing up petrol prices) and weaken activity (by disrupting world trade and eroding consumers’ purchasing power).

    If the oil price surge was expected to be short-lived, it is unlikely to get baked into inflationary expectations. The bank would then probably disregard it. But assessing the longevity of disruptions to the global oil market is not easy.

    Monthly inflation drops to 2.1%

    On Wednesday, the monthly consumer price index (CPI) fell to 2.1% in May from 2.4% in April. This is the equal lowest level since March 2001.

    But the monthly reading will probably not impress RBA Governor Michele Bullock. In her most recent press conference, she commented that “we get four readings on inflation a year”, referring to the quarterly inflation reports. She was dismissive of what she termed “the monthly indicator which is very volatile”.

    In taking its decisions, the bank often relies on an underlying inflation measure called the “trimmed mean”. This excludes items with the largest price movements up or down, so it removes petrol prices when they move by large amounts. This measure was 2.4% in the monthly report.

    Petrol prices are also a significant contributor to the volatility of the monthly CPI.

    Further cuts are likely

    Both headline and underlying inflation are now within the central bank’s 2–3% target range. In its most recent outlook, the Reserve Bank forecast underlying inflation would remain in the target band, even if it made another two cuts in rates this year.

    So a further interest rate cut remains likely. If it doesn’t cut in July, the bank could wait for the next quarterly inflation report on July 30, and then cut at the August 12 meeting.

    Treasurer Jim Chalmers described the global economy as being “in a pretty dangerous place right now”.

    “There’s a lot of volatility, unpredictability, uncertainty in the global economy,” he said. That is one thing that is not uncertain.

    John Hawkins was formerly a senior economist at the Reserve Bank.

    – ref. Wild swings in the oil price make the Reserve Bank’s job harder – https://theconversation.com/wild-swings-in-the-oil-price-make-the-reserve-banks-job-harder-259555

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI Australia: Headline and underlying inflation in the bottom half of the band

    Source: Australian Parliamentary Secretary to the Minister for Industry

    New figures from the ABS show that headline and underlying inflation are now both in the bottom half of the Reserve Bank of Australia’s target band for the first time since August 2021.

    In the face of heightened global economic uncertainty, it’s very pleasing to see the progress we’ve made on inflation is substantial and now sustained.

    Both headline and underlying inflation fell by more than expected in today’s data.

    Headline inflation was 2.1 per cent through the year to May 2025, down from 2.4 per cent in April.

    Headline inflation is almost half of what it was in May last year and is at its lowest level since March 2021.

    Annual trimmed mean inflation was 2.4 per cent through the year to May 2025, down from 2.8 per cent in April.

    Underlying inflation is at its lowest level since November 2021 and has returned to the middle of the RBA’s target band.

    Underlying inflation has been in the RBA’s band for six consecutive months. This is the first time this has happened since the monthly inflation series began in 2018.

    It was also encouraging to see services inflation moderate substantially to 3.3 per cent through the year to May 2025, down from 4.1 per cent in April.

    We know these monthly numbers are volatile, but today’s data shows we’ve made substantial and sustained progress on inflation.

    This progress means Australia is better placed and better prepared than other countries for heightened economic uncertainty and volatility around the world.

    The Australian economy is not immune from instability in the Middle East, including from the recent volatility in global oil prices.

    That’s why the progress we have made together in the economy is so important. No major advanced economy has achieved what we have with unemployment in the low 4s, inflation below 2.5 per cent and the economy continuing to grow.

    Electricity prices fell 5.9 per cent in the year to May but would have increased 2.0 per cent without the energy rebates for every household we are rolling out with the states.

    Rents rose 4.5 per cent in the year but would have increased 5.7 per cent without the recent increases to Commonwealth Rent Assistance.

    Under Labor, inflation is down substantially, real wages are up, unemployment is low, our economy is growing, debt is down and interest rates are falling.

    Even with this substantial progress and two interest rate cuts in three months, we know people are still under pressure and we face global economic headwinds.

    That’s why the Albanese Labor Government is delivering more real, practical and ongoing help with the cost of living for Australians, with more support set to roll out from Tuesday next week.

    MIL OSI News –

  • MIL-OSI: WISeSat Signs a Service Agreement with Astrocast to Allow Access to Astrocast’s Operational Satellite Constellation

    Source: GlobeNewswire (MIL-OSI)

    FOR IMMEDIATE RELEASE

    WISeSat Signs a Service Agreement with Astrocast to Allow Access to Astrocast’s Operational Satellite Constellation

    Geneva, Switzerland – June 25, 2025 – WISeKey International Holding Ltd (“WISeKey”) (SIX: WIHN, NASDAQ: WKEY), a leading global cybersecurity, blockchain, and IoT company, today announces that its subsidiary, WISeSat.Space, a provider of secure satellite communications and space infrastructure, signed a strategic collaboration agreement with Astrocast, a Swiss-based nanosatellite IoT network operator, under which WISeSat will be gaining access to the operational satellite constellation of Astrocast. This collaboration significantly expands WISeSat’s existing operational satellite connectivity as Astrocast operates one of the largest LEO satellite networks in Europe.

    This agreement marks a major step in WISeSat’s mission to build a fully sovereign and secure European space ecosystem, aligned with EU space autonomy goals and ambitions. The expanded constellation access will strengthen connectivity, resilience, and coverage for Internet of Things (IoT) and critical infrastructure services across Europe and other strategic global regions.

    Carlos Moreira, CEO of WISeKey and WISeSat.Space, stated: “This is a decisive moment for the future of secure space communications in Europe. By utilizing Astrocast’s operational constellation, WISeSat’s is not only expanding its orbital reach, but it is also reinforcing Europe’s strategic autonomy in space. This partnership allows us to deliver more robust, real-time, and cyber-secure satellite-based services across key industries and geographies. It’s a powerful example of how Swiss-led innovation can shape the future of a sovereign, digital Europe.”

    This service agreement with Astrocast will support WISeSat’s secure IoT and communication services, which are powered by WISeKey’s cybersecurity and digital identity technologies, and deployed across sectors such as agriculture, environmental monitoring, logistics, energy, and defense.

    Fabien Jordan, CEO of Astrocast, added: “After a very challenging period of restructuring, the Astrocast constellation remains very reliable. We are excited to make this unique network usable for WISeSat and to help them shape the future of secure European space related services. This partnership demonstrates the power of collaboration in advancing innovation and delivering high-value, satellite IoT solutions.”

    This agreement also paves the way for deeper cooperation in areas such as edge AI in space, post-quantum cryptography, and satellite cybersecurity, further cementing Europe’s leadership in next-generation space technology.

    About Astrocast

    Astrocast SA operates a global nanosatellite IoT network, enabling reliable and cost-effective connectivity for remote and underserved regions. With a strong focus on innovation, Astrocast’s technology supports a wide range of industrial and environmental applications.

    About WISeSat.Space

    WISeSat.Space, a subsidiary of WISeKey International Holding Ltd (SIX: WIHN, NASDAQ: WKEY), provides secure satellite infrastructure designed to support sovereign European communications, IoT services, and critical mission applications. Its constellation of small satellites ensures end-to-end security and data sovereignty across strategic sectors.

    About WISeKey

    WISeKey International Holding Ltd (“WISeKey”, SIX: WIHN; Nasdaq: WKEY) is a global leader in cybersecurity, digital identity, and IoT solutions platform. It operates as a Swiss-based holding company through several operational subsidiaries, each dedicated to specific aspects of its technology portfolio. The subsidiaries include (i) SEALSQ Corp (Nasdaq: LAES), which focuses on semiconductors, PKI, and post-quantum technology products, (ii) WISeKey SA which specializes in RoT and PKI solutions for secure authentication and identification in IoT, Blockchain, and AI, (iii) WISeSat AG which focuses on space technology for secure satellite communication, specifically for IoT applications, (iv) WISe.ART Corp which focuses on trusted blockchain NFTs and operates the WISe.ART marketplace for secure NFT transactions, and (v) SEALCOIN AG which focuses on decentralized physical internet with DePIN technology and house the development of the SEALCOIN platform.

    Each subsidiary contributes to WISeKey’s mission of securing the internet while focusing on their respective areas of research and expertise. Their technologies seamlessly integrate into the comprehensive WISeKey platform. WISeKey secures digital identity ecosystems for individuals and objects using Blockchain, AI, and IoT technologies. With over 1.6 billion microchips deployed across various IoT sectors, WISeKey plays a vital role in securing the Internet of Everything. The company’s semiconductors generate valuable Big Data that, when analyzed with AI, enable predictive equipment failure prevention. Trusted by the OISTE/WISeKey cryptographic Root of Trust, WISeKey provides secure authentication and identification for IoT, Blockchain, and AI applications. The WISeKey Root of Trust ensures the integrity of online transactions between objects and people. For more information on WISeKey’s strategic direction and its subsidiary companies, please visit www.wisekey.com.

    Disclaimer
    This communication expressly or implicitly contains certain forward-looking statements concerning WISeKey International Holding Ltd and its business. Such statements involve certain known and unknown risks, uncertainties and other factors, which could cause the actual results, financial condition, performance or achievements of WISeKey International Holding Ltd to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. WISeKey International Holding Ltd is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise.

    This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities, and it does not constitute an offering prospectus within the meaning of the Swiss Financial Services Act (“FinSA”), the FinSa’s predecessor legislation or advertising within the meaning of the FinSA. Investors must rely on their own evaluation of WISeKey and its securities, including the merits and risks involved. Nothing contained herein is, or shall be relied on as, a promise or representation as to the future performance of WISeKey.

    Press and Investor Contacts

    The MIL Network –

  • MIL-OSI: WISeSat Signs a Service Agreement with Astrocast to Allow Access to Astrocast’s Operational Satellite Constellation

    Source: GlobeNewswire (MIL-OSI)

    FOR IMMEDIATE RELEASE

    WISeSat Signs a Service Agreement with Astrocast to Allow Access to Astrocast’s Operational Satellite Constellation

    Geneva, Switzerland – June 25, 2025 – WISeKey International Holding Ltd (“WISeKey”) (SIX: WIHN, NASDAQ: WKEY), a leading global cybersecurity, blockchain, and IoT company, today announces that its subsidiary, WISeSat.Space, a provider of secure satellite communications and space infrastructure, signed a strategic collaboration agreement with Astrocast, a Swiss-based nanosatellite IoT network operator, under which WISeSat will be gaining access to the operational satellite constellation of Astrocast. This collaboration significantly expands WISeSat’s existing operational satellite connectivity as Astrocast operates one of the largest LEO satellite networks in Europe.

    This agreement marks a major step in WISeSat’s mission to build a fully sovereign and secure European space ecosystem, aligned with EU space autonomy goals and ambitions. The expanded constellation access will strengthen connectivity, resilience, and coverage for Internet of Things (IoT) and critical infrastructure services across Europe and other strategic global regions.

    Carlos Moreira, CEO of WISeKey and WISeSat.Space, stated: “This is a decisive moment for the future of secure space communications in Europe. By utilizing Astrocast’s operational constellation, WISeSat’s is not only expanding its orbital reach, but it is also reinforcing Europe’s strategic autonomy in space. This partnership allows us to deliver more robust, real-time, and cyber-secure satellite-based services across key industries and geographies. It’s a powerful example of how Swiss-led innovation can shape the future of a sovereign, digital Europe.”

    This service agreement with Astrocast will support WISeSat’s secure IoT and communication services, which are powered by WISeKey’s cybersecurity and digital identity technologies, and deployed across sectors such as agriculture, environmental monitoring, logistics, energy, and defense.

    Fabien Jordan, CEO of Astrocast, added: “After a very challenging period of restructuring, the Astrocast constellation remains very reliable. We are excited to make this unique network usable for WISeSat and to help them shape the future of secure European space related services. This partnership demonstrates the power of collaboration in advancing innovation and delivering high-value, satellite IoT solutions.”

    This agreement also paves the way for deeper cooperation in areas such as edge AI in space, post-quantum cryptography, and satellite cybersecurity, further cementing Europe’s leadership in next-generation space technology.

    About Astrocast

    Astrocast SA operates a global nanosatellite IoT network, enabling reliable and cost-effective connectivity for remote and underserved regions. With a strong focus on innovation, Astrocast’s technology supports a wide range of industrial and environmental applications.

    About WISeSat.Space

    WISeSat.Space, a subsidiary of WISeKey International Holding Ltd (SIX: WIHN, NASDAQ: WKEY), provides secure satellite infrastructure designed to support sovereign European communications, IoT services, and critical mission applications. Its constellation of small satellites ensures end-to-end security and data sovereignty across strategic sectors.

    About WISeKey

    WISeKey International Holding Ltd (“WISeKey”, SIX: WIHN; Nasdaq: WKEY) is a global leader in cybersecurity, digital identity, and IoT solutions platform. It operates as a Swiss-based holding company through several operational subsidiaries, each dedicated to specific aspects of its technology portfolio. The subsidiaries include (i) SEALSQ Corp (Nasdaq: LAES), which focuses on semiconductors, PKI, and post-quantum technology products, (ii) WISeKey SA which specializes in RoT and PKI solutions for secure authentication and identification in IoT, Blockchain, and AI, (iii) WISeSat AG which focuses on space technology for secure satellite communication, specifically for IoT applications, (iv) WISe.ART Corp which focuses on trusted blockchain NFTs and operates the WISe.ART marketplace for secure NFT transactions, and (v) SEALCOIN AG which focuses on decentralized physical internet with DePIN technology and house the development of the SEALCOIN platform.

    Each subsidiary contributes to WISeKey’s mission of securing the internet while focusing on their respective areas of research and expertise. Their technologies seamlessly integrate into the comprehensive WISeKey platform. WISeKey secures digital identity ecosystems for individuals and objects using Blockchain, AI, and IoT technologies. With over 1.6 billion microchips deployed across various IoT sectors, WISeKey plays a vital role in securing the Internet of Everything. The company’s semiconductors generate valuable Big Data that, when analyzed with AI, enable predictive equipment failure prevention. Trusted by the OISTE/WISeKey cryptographic Root of Trust, WISeKey provides secure authentication and identification for IoT, Blockchain, and AI applications. The WISeKey Root of Trust ensures the integrity of online transactions between objects and people. For more information on WISeKey’s strategic direction and its subsidiary companies, please visit www.wisekey.com.

    Disclaimer
    This communication expressly or implicitly contains certain forward-looking statements concerning WISeKey International Holding Ltd and its business. Such statements involve certain known and unknown risks, uncertainties and other factors, which could cause the actual results, financial condition, performance or achievements of WISeKey International Holding Ltd to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. WISeKey International Holding Ltd is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise.

    This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities, and it does not constitute an offering prospectus within the meaning of the Swiss Financial Services Act (“FinSA”), the FinSa’s predecessor legislation or advertising within the meaning of the FinSA. Investors must rely on their own evaluation of WISeKey and its securities, including the merits and risks involved. Nothing contained herein is, or shall be relied on as, a promise or representation as to the future performance of WISeKey.

    Press and Investor Contacts

    The MIL Network –

  • MIL-OSI Economics: Heat Adaptation in Central Asia: Household Cooling Choices

    Source: Asia Development Bank

    This paper examines how households in the Kyrgyz Republic, Tajikistan, and Uzbekistan adapt their cooling strategies to power outages and increasing temperatures. It highlights the importance of reliable power and the potential of solar panels to meet summer energy demands.

    MIL OSI Economics –