Category: Business

  • MIL-OSI Africa: The Economic Community of West African States (ECOWAS) Champions Women-Led Digital Trade in West Africa

    Source: APO


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    The Economic Community of West African States (ECOWAS), in collaboration with the United Nations Conference on Trade and Development (UNCTAD) and with the support of the Western Africa Regional Digital Integration Program (WARDIP) funded by World Bank, convened an eTrade for Women Joint Workshop in Lagos, on Friday July 17th, 2025, to spotlight and strengthen the role of women-led digital businesses in regional trade. This event was held as part of a broader regional agenda to build a more inclusive, connected, and digitally enabled West Africa.

    In his statement on behalf of Madame Massandjé TOURE-LITSE, Commissioner for Economic Affairs and Agriculture, Mr. Kolawole SOFOLA, Director of Trade at the ECOWAS Commission, welcomed participants and noted the event’s importance in advancing inclusive digital transformation. He highlighted that the ECOWAS E-Commerce Strategy, adopted by the ECOWAS Council of Ministers in July 2023, places women, youth, and small-scale producers at the centre of digital trade reforms to promote regional integration and inclusive development. Through platforms and dialogues such as the workshop, ECOWAS reaffirms its commitment to gender-responsive policymaking and sustainable digital trade development in West Africa.

    In her opening remarks, Madam Sonia NNAGOZIE, the representative of the United Nations Conference on Trade and Development (UNCTAD) highlighted the role of digital trade in unlocking new opportunities for women entrepreneurs across West Africa. She echoed the importance of the workshop in delivering actionable recommendations to improve women’s participation in digital trade. She went on to commend ECOWAS for leading the way in building an enabling digital ecosystem that supports women and appreciated the ongoing partnership between UNCTAD and ECOWAS.

    The workshop served as a platform for dialogue, policy coordination, and knowledge sharing. Participants discussed the structural and policy barriers women face in participating in the digital economy, and shared practical solutions and good practices that promote women’s digital empowerment.

    The event also showcased ECOWAS-led initiatives such as the ECOWAS Trade and Gender Action Plan, export readiness trainings, and platforms like the 50 Million African Women Speak (50MAWS) and the Business-to-Business matchmaking platform of the West Africa Competitiveness Observatory.

    The Workshop was attended by a cross-section of stakeholders including women entrepreneurs, representatives of Ministries responsible for trade in ECOWAS, and development partners.

    Distributed by APO Group on behalf of Economic Community of West African States (ECOWAS).

    MIL OSI Africa

  • MIL-OSI Africa: The Economic Community of West African States (ECOWAS) Launches Regional E-Commerce Committee to Accelerate Digital Trade Integration

    Source: APO


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    The Economic Community of West African States (ECOWAS) has officially launched the Regional E-Commerce Committee, marking another milestone in the implementation of the ECOWAS Regional E-Commerce Strategy (2023–2027) on Wednesday July 16th, 2025, in Lagos, Nigeria. The launch was immediately followed by the Committee’s first meeting, which brought together representatives from Member States and Community institutions.

    In his opening remarks during the launch ceremony, Dr. Tony Luka Elumelu, the Acting Director of Private Sector, ECOWAS Commission highlighted the private sector as both a key driver and beneficiary of digital transformation. He stressed the significance of e-commerce in unlocking opportunities under African Continental Free Trade Agreement and called for robust implementation of digital reforms. He described the establishment of the Regional E-Commerce Committee as pivotal to fostering private-sector-led digital economies.

    Madam Sally Koroma, the representative of the Ministry of Trade and Industry of the Republic of Sierra Leone and Chair of the Meeting emphasized the potential of e-commerce to boost inclusive growth. She highlighted the importance of harmonized regulations, secure infrastructure, digital literacy, and tailored financing to unlock the full benefits of digital trade. She commended the ECOWAS E-Commerce Strategy as critical to addressing these barriers and called for collective action among Member States, development partners, and the private sector to move from ambition to implementation, and build an inclusive, gender-responsive digital economy.

    In his goodwill message, Mr. Pedro Manuel Moreno, Deputy Secretary-General of the United Nations Trade and Development (UNCTAD) congratulated ECOWAS on its 50th anniversary, marking five decades of regional cooperation. He celebrated the adoption of the ECOWAS Regional E-Commerce Strategy and highlighted the role of digitalisation in realizing ECOWAS Vision 2050. He reaffirmed UNCTAD’s commitment to support digital reform, encourage inclusive digital ecosystems, and advance women’s economic empowerment within the region. He closed with a call to action to make e-commerce a driver of prosperity, innovation, and regional unity.

    In the keynote address, on behalf of Madame Massandjé TOURE-LITSE, Commissioner for Economic Affairs and Agriculture, Mr. Kolawole SOFOLA, Director of Trade of the ECOWAS Commission, underscored the significance of the launch of the Regional E-Commerce Committee during the 50th Anniversary celebrations of ECOWAS, noting the progress that had been made in advancing regional integration and the opportunities that lay ahead through digitalisation. He emphasized that the Committee would serve as a platform for implementing strategic goals, aligning policies, and accelerating digital trade across borders.

    Mr. Sofola called for continued collaboration across all stakeholders to realise the Strategy’s vision of an inclusive and sustainable digital future for West Africa. Finally, he declared the ECOWAS Regional E-Commerce Committee launched.

    The newly established Committee is a central feature of the governance framework outlined in the ECOWAS E-Commerce Strategy, which was adopted by the ECOWAS Council of Ministers in July 2023. It is designed to steer the implementation of digital trade reforms, foster inter-institutional coordination, and promote inclusive participation across the region, particularly of women, youth, and MSMEs.

    The launch and first meeting were attended by representatives of the Ministries responsible for Trade from ECOWAS Member States and the internal working group on e-commerce, consisting of key directorates and agencies of the ECOWAS Commission. Prior to the launch, the internal working group on e-commerce received a training on the e-Trade Reform Tracker, a tool for monitoring implementation of the E-Commerce Strategy. Both activities were supported by the UNCTAD and the Western Africa Regional Digital Integration Program (WARDIP) funded by World Bank.

    The meeting considered the overview of the ECOWAS E-Commerce Strategy, continental and regional digital initiatives as well as key initiatives from Member States in advancing e-commerce. The meeting concluded with the adoption of the terms of reference for the Committee and a call for continued collaboration among ECOWAS Member States to promote implementation of the E-Commerce Strategy.

    Distributed by APO Group on behalf of Economic Community of West African States (ECOWAS).

    MIL OSI Africa

  • MIL-OSI Africa: Final Preparatory Meeting of the Commission de la Jeunesse et des Sports de l’Océan Indien (CJSOI) 2025 Organising Committee Chaired by President Ramkalawan

    Source: APO


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    The President of the Republic of Seychelles, Mr. Wavel Ramkalawan, today chaired a high-level preparatory meeting of the Organising Committee for the 13th edition of the Commission de la Jeunesse et des Sports de l’Océan Indien (CJSOI) Games, which Seychelles is proud to host from 1st to 11th August 2025.

    Held at State House, the meeting brought together all key stakeholders, including senior government officials, representatives of the Local Organising Committee, law enforcement and emergency services, youth and sports authorities, volunteers’ coordinators, and partners from both the public and private sectors.

    The meeting served as a comprehensive final review of operational readiness across key sectors, including logistics, infrastructure, security, medical services, and transportation. It also assessed the overall experience being curated for athletes and delegations from the Indian Ocean region. The President was briefed on progress and final preparations in each area, aimed at ensuring a successful and memorable edition of the Games.

    President Ramkalawan expressed his satisfaction with the level of commitment demonstrated by all teams involved and reiterated the importance of national unity, hospitality, and professionalism in showcasing Seychelles to the region. He commended the efforts of all those who have contributed to the months of planning and coordination leading up to the event.

    “The CJSOI Games is not just a sporting event—it is a celebration of youth, culture, and regional solidarity. As hosts, we have the opportunity to make this edition a legacy moment for our young people and the entire nation. Let us work together to deliver an exceptional event that reflects the warmth and spirit of Seychelles,” said President Ramkalawan.

    The 2025 CJSOI Games will see participation from seven member countries, with hundreds of young athletes competing across various disciplines, alongside cultural exchanges that promote friendship, understanding, and youth empowerment. Seychelles stands ready to welcome the Indian Ocean youth with open arms.

    Also present for the meeting were the Minister of Youth, Sport and Family, Mrs. Marie Celine Zialor, Minister for Lands and Housing, Mr. Billy Rangasamy, Principal Secretary for Youth and Sport, Mr. Ralph Jean Louis, Principal Secretary for the President’s Office, Ms. Theresa Dogley, CEO of Seychelles Infrastructure Agency (SIA), Mr. Gitesh Shah, CEO of the National Sport Council (NSC), Mr. Mark Arrisol, Commissioner of the CJSOI Games, Mr. Lucas George, Dr. Julie Shamlaye, and additional key representatives from the Ministry of Finance, Seychelles Police, National Sport Council, and the Seychelles National Youth Council.

    Distributed by APO Group on behalf of State House Seychelles.

    MIL OSI Africa

  • MIL-OSI Russia: Rosneft enterprises released more than 4.7 million valuable fish fry into Russian waters in July

    Translation. Region: Russian Federal

    Source: Rosneft – An important disclaimer is at the bottom of this article.

    Rosneft has been systematically working to preserve biological diversity and replenish the country’s aquatic bioresources for over 11 years. In July, the Company’s subsidiaries released more than 4.7 million young fish into Russian waters, including species listed in the Red Book.

    Together with employees of Rosneft subsidiaries, volunteers from the Movement of the First, students from partner universities and children of employees took part in environmental campaigns to stock water bodies with fish.

    Oil workers of Tyumenneftegaz sent 2.12 million muksun fry to the rivers and reservoirs of Siberia, Taas-Yuryakh Neftegazodobycha – 1.23 million peled, Kharampurneftegaz – 50 thousand nelma, RN-Purneftegaz – 457 thousand peled, 43 thousand muksun and 2 thousand nelma, SevKomNeftegaz – 357.7 thousand nelma, Angarsk Petrochemical Company – 10 thousand peled, RN-Uvatneftegaz – 2.9 thousand nelma.

    Employees of the Novokuibyshevsk Oil Refinery replenished the Volga bioresources with 11 thousand sterlet fry. Almost 9.5 thousand fry of this valuable fish species were released by Samaraneftegaz and 3.3 thousand by the Saratov Oil Refinery.

    The rearing and subsequent release of fry were carried out taking into account scientific data on the most favorable conditions for their adaptation in the natural environment and further reproduction.

    Preserving the environment for future generations is an integral part of the Rosneft-2030 strategy. The company and its subsidiaries aim to achieve leadership positions in minimizing environmental impact and environmentally friendly production, and are also implementing a number of comprehensive programs to preserve and restore natural resources.

    Rosneft employees actively participate in environmental campaigns and promote the development of a culture of rational and responsible consumption of natural resources. Volunteers from the Company’s enterprises regularly clean and improve the coastal areas of rivers, lakes and springs, and conduct environmental education classes in educational and preschool institutions.

    Department of Information and AdvertisingPJSC NK RosneftJuly 25, 2025

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

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    MIL OSI Russia News

  • MIL-OSI Asia-Pac: InvestHK visits UK to forge stronger Hong Kong-UK partnerships on sustainability and green tech innovation (with photos)

    Source: Hong Kong Government special administrative region

         ​Invest Hong Kong (InvestHK) completed a fruitful visit to the United Kingdom (UK) from July 13 to 20, championing Hong Kong as a premier international green technology hub for UK companies seeking growth and collaboration opportunities in Asia and beyond.

         During the visit, the Senior Vice President (Sustainability) for Technology, Innovation and Entrepreneurship at InvestHK, Ms Olivia To, engaged with key stakeholders in London and Cambridge to foster two-way business opportunities and deepen co-operation in sustainability and green tech innovation.

         In London, Ms To held extensive discussions with leading UK’s new energy, new materials and digital companies, as well as UK Research and Innovation, the national funding agency investing in science and research, Sustainable Ventures, a leading green tech hub and ecosystem provider, Generation Investment Management, a sustainable investment management firm, London & Partners, London’s business growth and destination agency, and London GreenCity, a clean technology entrepreneurs accelerator providing prototyping lab and collaborative community.

         In Cambridge, Ms To spoke at the event titled “Powering Tomorrow: Deep Tech Innovations for a Sustainable Energy Future”, co-organised by the University of Cambridge Institute for Sustainability Leadership and Full Vision Capital, highlighting the competitive advantages Hong Kong offers energy and technology companies to grow and thrive across the region. The conference featured dynamic keynotes on growth strategies for clean energy start-ups, panel discussions on disruptive energy innovations, and a start-up demo where over 30 start-ups showcased their cutting-edge solutions. The event culminated in the announcement of the 4th TERA-Award Winner receiving a prize of US$1 million and a celebratory Gala Dinner, fostering further global networking and collaboration opportunities.

         Ms To said, “Hong Kong’s unparalleled status as a global financial powerhouse connects the East and West markets, bolstered by its dynamic green tech ecosystem and visionary government initiatives like the Green Tech Fund, the Innovation and Technology Fund and the Hong Kong Science and Technology Parks Corporation’s GreenTech Hub, and positions it as the premier gateway for UK companies to amplify green innovations across Asia. This visit underscores our dedication to fostering collaboration in sustainability and green technology between Hong Kong and the UK. We look forward to supporting more UK companies in establishing and expanding their presence in Hong Kong, utilising our robust financial infrastructure to facilitate financing and IPO listings that attract international capital.”

         The Executive Chairman of the TERA-Award, Mr Alan Chan, stated, “It was our pleasure to have InvestHK’s participation in our TERA-Award event. Together, we are building a stronger global innovation ecosystem that connects investors, start-ups, and green organisations, fostering groundbreaking solutions in smart energy. We look forward to working closely with InvestHK to further expand our promotion of the TERA-Award to the global market and establish a bridge between the international energy contexts.”

         The Chief Innovation Officer from the Cambridge Institute for Sustainability Leadership, Mr James Cole, said, “We are delighted to welcome InvestHK’s participation in our event, enhancing the collaboration between the UK and Hong Kong economies, supporting sustainability start-ups and strengthening the ecosystem. This collaboration ignites our commitment to forge global partnerships that will propel deep tech innovations, fostering a greener and more resilient future. Together, we anticipate to deepen our collaboration to accelerate the transition to a sustainable future and empower the next generation of innovators.”

         Co-Founder of London GreenCity Mr Laith Anezi said, “Both Hong Kong and the UK share a strong commitment to driving innovation in green technology. InvestHK’s visit has forged a robust foundation for strengthening ties between Hong Kong and British sustainability and green tech companies. We are excited to deepen our partnership with InvestHK, driving innovation to shape a sustainable world together.”

         Hong Kong, as the world’s third-largest financial hub, is well positioned to be the global leader in green tech and finance. The city is transitioning to cleaner energy sources, targeting carbon neutrality by 2050, supported by the Strategy of Hydrogen Development in Hong Kong and significant investments in the Hetao Shenzhen-Hong Kong Science and Technology Innovation Co-operation Zone.

         In green mobility, Hong Kong’s roadmap for electric vehicles has seen 70 per cent of newly registered private cars in 2024 be electric, with plans to establish the city as a green maritime fuel bunkering centre.

         This visit to the UK is a testament to Hong Kong’s dedication to fostering international collaboration and driving the global transition to a sustainable future. By attracting more UK companies in sustainable technology and innovation, Hong Kong aims to accelerate the adoption of innovative solutions that address the world’s most pressing environmental challenges.

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Persons wanted for suspected contravention of Hong Kong National Security Law

    Source: Hong Kong Government special administrative region

    The National Security Department of the Hong Kong Police Force today (July 25) announced that 19 persons suspected of committing offences under the Law of the People’s Republic of China on Safeguarding National Security in the Hong Kong Special Administrative Region (Hong Kong National Security Law) by organising, establishing, or participating in, outside Hong Kong, a subversive organisation named the “Hong Kong Parliament” have been put on wanted list, with reward in respect of each wanted person being offered.  The court has, upon application by Police, issued arrest warrants against the following persons at large:

    (1) Nine persons including male Yuan Gong-yi, male Ho Leung-mau Victor, male Fok Ka-chi, male Choi Ming-da, female Chan Lai-chun, male Feng Chongyi, female Gong Sasha, male Ng Man-yan and male Tsang Wai-fan, who organised, outside the Hong Kong Special Administrative Region (HKSAR), election for the “Hong Kong Parliament” to establish the so-called “Hong Kong Parliament”; and

    (2) Ten persons including female Chin Po-fun, male Ha Hoi-chun Paul, male Hau Chung-yu, male Ho Wing-yau, male Keung Ka-wai, male Lam Tony, female Ng Agnes, male Wong Chun-wah, male Wong Sau-wo and female Zhang Xinyan, who participated as candidates in the “Hong Kong Parliament” election and, upon being elected, took an oath to serve as so-called “members of the Hong Kong Parliament”.

    The “Hong Kong Parliament” aims to subvert state power; its objectives include promoting “self-determination”, promulgating the so-called “Hong Kong Constitution”, and overthrowing or undermining the basic system of the People’s Republic of China established by the Constitution of the People’s Republic of China or overthrowing the body of the central power of People’s Republic of China or the body of power of the HKSAR with unlawful means, thereby suspected of committing the offence of “Subversion” contrary to Article 22 of the Hong Kong National Security Law.  Thus, Police applied to the court for arrest warrants in accordance with the law and put the persons on wanted list. The legal basis and basic facts for putting the persons on the wanted list are in the Annex.

    Amongst the aforementioned fugitives, Yuan Gong-yi, Ho Leung-mau Victor, Fok Ka-chi and Choi Ming-da have been put on wanted list with a reward of HK$1 million each for suspected of committing offences endangering national security.  The Secretary for Security has also exercised powers conferred by section 89 of the Safeguarding National Security Ordinance, in June and December 2024, to specify Yuan Gong-yi, Fok Ka-chi and Choi Ming-da as absconders and to specify the measures to be applied against them by notices published in Gazette.  Police will continue to make every effort to bring all the wanted persons to justice.

    For the remaining 15 wanted persons, a reward of HK$200,000 in respect of each of them is being offered by Police to any member of the public, who can provide information on the wanted persons or related cases. The investigation is ongoing, and further persons will be put on wanted list with rewards offered if necessary.

    Police reiterated that “endangering national security is a very serious offence, and such acts or activities may lead to extremely serious consequences.  According to Article 37 of the Hong Kong National Security Law, this Law shall apply to a person who is a permanent resident of the HKSAR or an incorporated or unincorporated body such as a company or an organisation which is set up in the HKSAR if the person or the body commits an offence under the Hong Kong National Security Law outside the HKSAR.  Additionally, Article 38 of the Hong Kong National Security Law stipulates that this Law shall apply to offences under this Law committed against the HSKAR from outside the HKSAR by a person who is not a permanent resident of the HKSAR. Therefore, the Hong Kong Police Force has the responsibility to pursue, in accordance with the law, persons suspected of committing offences under the Hong Kong National Security Law outside Hong Kong.”

    “According to Article 33 of the Hong Kong National Security Law, if an offender voluntarily discontinues the commission of the offence; voluntarily surrenders himself or herself and gives a truthful account of the offence; or reports on the offence committed by other person or provides material information which assists in solving other criminal case, a lighter penalty may be imposed, or the penalty may be reduced.  The above wanted persons are urged to surrender to Hong Kong Police over their roles in engaging in endangering national security activities, so as to rectify their mistakes.”

    Police also pointed out that no matter in what ways, including through the internet, it is illegal for any person to aid, abet or provide pecuniary or other financial assistance or property to other persons for participating in any illegal activities related to the “Hong Kong Parliament” or to commit other offences endangering national security. Police urge members of the public to abide by the law and Police will strictly enforce the law.

    MIL OSI Asia Pacific News

  • MIL-OSI: Webcast details for Orrön Energy’s Q2 presentation

    Source: GlobeNewswire (MIL-OSI)

    Orrön Energy AB (“Orrön Energy”) will publish its financial report for the second quarter 2025 on Wednesday, 6 August 2025 at 07:30 CEST, followed by a webcast at 14:00 CEST.

    Listen to Daniel Fitzgerald, CEO and Espen Hennie, CFO commenting on the report and describing the latest developments in Orrön Energy at a webcast on 6 August 2025 at 14:00 CEST, followed by a question-and-answer session.

    Registration for the webcast presentation is available on the website and the below link:
    https://orron-energy.events.inderes.com/q2-report-2025

    For further information, please contact:

    Robert Eriksson
    Corporate Affairs and Investor Relations
    Tel: +46 701 11 26 15
    robert.eriksson@orron.com

    Jenny Sandström
    Communications Lead
    Tel: +41 79 431 63 68
    jenny.sandstrom@orron.com

    Orrön Energy is an independent, publicly listed (Nasdaq Stockholm: “ORRON”) renewable energy company within the Lundin Group of Companies. Orrön Energy’s core portfolio consists of high quality, cash flow generating assets in the Nordics, coupled with greenfield growth opportunities in the Nordics, the UK, Germany and France. With significant financial capacity to fund further growth and acquisitions, and backed by a major shareholder, management and Board with a proven track record of investing into, leading and growing highly successful businesses, Orrön Energy is in a unique position to create shareholder value through the energy transition.

    Forward-looking statements
    Statements in this press release relating to any future status or circumstances, including statements regarding future performance, growth and other trend projections, are forward-looking statements. These statements may generally, but not always, be identified by the use of words such as “anticipate”, “believe”, “expect”, “intend”, “plan”, “seek”, “will”, “would” or similar expressions. By their nature, forward-looking statements involve risk and uncertainty because they relate to events and depend on circumstances that could occur in the future. There can be no assurance that actual results will not differ materially from those expressed or implied by these forward-looking statements due to several factors, many of which are outside the company’s control. Any forward-looking statements in this press release speak only as of the date on which the statements are made and the company has no obligation (and undertakes no obligation) to update or revise any of them, whether as a result of new information, future events or otherwise.

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  • MIL-OSI: COFICERT : ORGANIZATION OF AN INTERNATIONAL CEREMONY FOR THE AWARDING OF FINANCIAL AND NON-FINANCIAL COMPLIANCE CERTIFICATES AT EURONEXT

    Source: GlobeNewswire (MIL-OSI)

                 

    ORGANIZATION OF AN INTERNATIONAL CEREMONY FOR THE AWARDING OF FINANCIAL AND NON-FINANCIAL COMPLIANCE CERTIFICATES AT EURONEXT

    On Tuesday, June 25, COFICERT, in partnership with IGSF, hosted an official ceremony to award financial and non-financial compliance certificates at the Euronext headquarters, located at the Paris Stock Exchange.

    Several delegations from institutions known for their dedication to compliance and responsible finance, representing almost fifteen nations, came together for this event. A number of organisations received compliance certificates in line with globally accepted standards, such as the AML 30001® Standard (AML/CFT 2025 version), which is focused on counter-terrorism financing and anti-money laundering, and the MSI 20000® Standard, which is focused on governance and financial quality. The ISO 37001® Standard, which focusses on anti-corruption, and the ESG 1000® Standard, which is dedicated to governance and quality of non-financial governance structures, were also emphasised during the event.

    The ceremony was attended by Véronique de la Bachelerie, President of IGSF, Jérôme Gacoin, President of COFICERT, and Souheil Skander, CEO of COFICERT. It also gathered representatives from the European Commission, the World Bank, the OECD, and the EU Global Facility on AML/CFT, reflecting the growing importance attached to certification to these standards and international cooperation between Europe, Africa, and the Middle East in these areas. This convergence around a shared normative framework demonstrates a collective will to foster greater transparency and a standardized language, serving as a catalyst for universal compliance.

    The companies certified during this ceremony belong to strategic sectors, placing them in a position to drive change within their respective countries or regions, thereby fostering the widespread adoption of best practices and contributing to enhanced integrity across the financial system. Notably, the companies that made the trip to Paris are among the leading financial and economic players on the African continent. West and Central Africa were represented by BSIC and NSIA Bank (Benin, Guinea, Togo, Senegal), as well as BGFIBank Group (Côte d’Ivoire, Gabon, Cameroon, DRC), all of which hold prominent regional positions. North Africa was well represented by Tunisia, Morocco, and Egypt, with leading institutions such as Bank of Tunisia, Tunisie Leasing & Factoring, Tunisie Valeurs, Hannibal Lease, BSB TOYOTA, Attawfiq Microfinance, and Alamana Microfinance. The diversity of these profiles illustrates the inclusive and structuring purpose of the MSI 20000® Standard, uniting key transformational actors at a regional level and compliance drivers at an international level.

    The organization of this event, along with the presence of official delegations and international organizations, underscores the growing importance attributed to financial and non-financial compliance as a pillar of performance, responsibility, and ultimately, value creation.

    Ms. Véronique de la Bachelerie, President of IGSF, emphasized: “The financial and non-financial certifications standardized by IGSF and ISO provide a guarantee of confidence in the financial sustainability of a company (MSI 20000), a guarantee of confidence in the quality of its governance and its risk management policies regarding financial crime through anti-money laundering and counter-terrorism financing (AML 30001), the fight against corruption (ISO 37001), and finally a guarantee of confidence in its ability to address all environmental and social challenges through the quality of its non-financial governance. More broadly, this contributes to the company’s sustainability – that is the value proposition of ESG 1000, in support of sustainable finance.”

    Mr. Jérôme Gacoin, President of COFICERT, stated: “We have just experienced a moment that is both symbolic and foundational. Symbolic, because the adoption of these standards reflects the commitment of companies and institutions to comply with demanding, internationally recognized standards. Foundational, because it contributes to a dynamic of trust, transparency, and responsibility at both the European and global levels. Furthermore, the Paris Stock Exchange, a crossroads of markets and investments, perfectly embodies COFICERT’s mission: to raise standards, secure economic relationships, and recognize the value of committed organizations.”

    Mr. Souheil Skander, CEO of COFICERT, added: “The companies certified to the MSI 20000, ISO 37001, and AML 30001 standards have successfully turned what was once a constraint into an opportunity and a powerful lever of attractiveness and value creation. Certifications today serve as true benchmarks – they are closely observed and highly valued. They offer undeniable competitive and differentiation advantages, effectively acting as a qualitative filter. These certifications have become tools of assurance, opportunity, and synergy for business development.”

    IGSF (International Group for Sustainability Finance) is a non-profit NGO based in Luxembourg, whose activities aim to channel and organise international efforts in financial and extra-financial standard-setting. As a standard-setting body, IGSF operates along two main axes: first, the technical organization of standards related to financial and extra-financial governance; and second, the dissemination of standards and best practices. The issues addressed by IGSF include financial governance, the fight against financial crime and the social responsibility of companies and organisations of all types.

    COFICERT is a French certification body specializing in financial and non-financial certifications, operating in nearly 50 countries across 3 continents. COFICERT is recognized for its expertise in governance, anti-financial crime, and sustainable finance. It certifies organizations in areas related to sound financial governance (MSI 20000), extra-financial governance (ESG 1000), anti-money laundering and counter-terrorism financing (AML 30001), and anti-corruption (ISO 37001).

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  • MIL-OSI: Aurora Mobile Leverages Quantum Computing to Accelerate Business Model Innovation

    Source: GlobeNewswire (MIL-OSI)

    SHENZHEN, China, July 25, 2025 (GLOBE NEWSWIRE) — Aurora Mobile Limited (NASDAQ: JG) (“Aurora Mobile” or the “Company”), a leading provider of customer engagement and marketing technology services in China, today announced that it is exploring the integration of emerging technologies, particularly quantum computing, into its existing operations. With its expertise in customer engagement and robust data ecosystem, Aurora Mobile believes quantum computing will be a driving force in its future growth and innovation.

    Quantum Acceleration in Data Processing and Insights
    Aurora Mobile’s data processing and analytics operations often face the challenge of handling vast and complex datasets. Quantum computing with its powerful parallel processing enables the Company to significantly improve efficiency in analyzing customer behavior and preferences. Quantum algorithms can rapidly identify behavioral patterns, isolate high-value customer segments, and uncover latent demand. For example, when analyzing customers’ purchasing cycles, quantum models can consider a broader range of influencing factors to predict repurchase timing more accurately. This allows enterprises to optimize their marketing timing and gain deeper, more precise insights from their data.

    Quantum-Enhanced Precision Marketing and Recommendations
    Precision marketing and personalized recommendations are at the core of Aurora Mobile’s offerings. Quantum computing enables more complex and detailed customer profiling, resulting in highly accurate, multidimensional customer insights. Quantum-enhanced collaborative filtering algorithms can synthesize vast amounts of information in recommendation systems to deliver tailor-made content. Regardless of whether they are applied to products, services, or marketing campaigns, these recommendations can accurately target customer interests, significantly increase conversion rates, enhance customer satisfaction, and optimize the allocation of marketing resources.

    Quantum-Powered Smarter Decision-Making
    Enterprises’ marketing decisions involve complex scenarios involving numerous variables. Aurora Mobile leverages quantum computing to simulate real-world market dynamics, integrating data on customer behavior, competitor strategies, and industry trends. By simulating the effects of different marketing strategies, it evaluates risks and returns to help businesses identify optimal solutions. For example, during new product launches, quantum simulation can evaluate how the market will respond to different combinations of promotional channels, timing, and campaign intensity, helping enterprises make smarter, more proactive decision-making.

    About Aurora Mobile Limited

    Founded in 2011, Aurora Mobile (NASDAQ: JG) is a leading provider of customer engagement and marketing technology services in China. Since its inception, Aurora Mobile has focused on providing stable and efficient messaging services to enterprises and has grown to be a leading mobile messaging service provider with its first-mover advantage. With the increasing demand for customer reach and marketing growth, Aurora Mobile has developed forward-looking solutions such as Cloud Messaging and Cloud Marketing to help enterprises achieve omnichannel customer reach and interaction, as well as artificial intelligence and big data-driven marketing technology solutions to help enterprises’ digital transformation.

    For more information, please visit https://ir.jiguang.cn/.

    Safe Harbor Statement

    This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident” and similar statements. Among other things, the Business Outlook and quotations from management in this announcement, as well as Aurora Mobile’s strategic and operational plans, contain forward-looking statements. Aurora Mobile may also make written or oral forward-looking statements in its reports to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about Aurora Mobile’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Aurora Mobile’s strategies; Aurora Mobile’s future business development, financial condition and results of operations; Aurora Mobile’s ability to attract and retain customers; its ability to develop and effectively market data solutions, and penetrate the existing market for developer services; its ability to transition to the new advertising-driven SAAS business model; its ability to maintain or enhance its brand; the competition with current or future competitors; its ability to continue to gain access to mobile data in the future; the laws and regulations relating to data privacy and protection; general economic and business conditions globally and in China and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in the Company’s filings with the Securities and Exchange Commission. All information provided in this press release and in the attachments is as of the date of the press release, and Aurora Mobile undertakes no duty to update such information, except as required under applicable law.

    For more information, please contact:

    Aurora Mobile Limited
    E-mail: ir@jiguang.cn

    Christensen

    In China
    Ms. Xiaoyan Su
    Phone: +86-10-5900-1548
    E-mail: Xiaoyan.Su@christensencomms.com

    In US
    Ms. Linda Bergkamp
    Phone: +1-480-614-3004
    Email: linda.bergkamp@christensencomms.com

    The MIL Network

  • MIL-OSI Europe: Euro area economic and financial developments by institutional sector: first quarter of 2025

    Source: European Central Bank

    25 July 2025

    • Euro area net saving decreased to €799 billion in four quarters to first quarter of 2025, compared with €813 billion one quarter earlier
    • Household debt-to-income ratio decreased to 81.7% in first quarter of 2025 from 83.8% one year earlier
    • Non-financial corporations’ debt-to-GDP ratio (consolidated measure) decreased to 67.2% in first quarter of 2025 from 68.4% one year earlier
    • Share of net wealth held by wealthiest 10% of households stood at 57.3% in 2024, largely unchanged from previous years.

    Total euro area economy

    Euro area net saving decreased to €799 billion (6.5% of euro area net disposable income) in the four quarters to the first quarter of 2025 compared with €813 billion in the four quarters to the previous quarter. Euro area net non-financial investment was broadly unchanged at €441 billion (3.6% of net disposable income), due to broadly unchanged net investment of all sectors (see Chart 1 and Table 1 in the Annex).

    Euro area net lending to the rest of the world decreased to €388 billion (from €401 billion previously) reflecting the decreased net saving and broadly unchanged net non-financial investment. Non-financial corporations’ net lending decreased to €130 billion (1.1% of net disposable income) from €156 billion, while that of households increased to €598 billion (4.9% of net disposable income) from €588 billion. Financial corporations’ net lending (€123 billion, 1.0% of net disposable income) and general government net borrowing were broadly unchanged, the latter contributing negatively to euro area net lending (-€463 billion, -3.8% of net disposable income).

    Chart 1

    Euro area saving, investment and net lending to the rest of the world

    (EUR billions, four-quarter sums)

    Sources: ECB and Eurostat.

    * Net saving minus net capital transfers to the rest of the world (equals change in net worth due to transactions).

    Data for euro area saving, investment and net lending to the rest of the world (Chart 1)

    Households

    Household financial investment increased at a broadly unchanged annual rate of 2.5% in the first quarter of 2025. Among its components, investment in currency and deposits grew at an unchanged rate of 3.0%. Investment in debt securities increased at a lower rate (3.0%, after 8.2%), while investment in shares and other equity grew at a higher rate (2.3%, after 1.8%) – the latter mainly due to investment fund shares.

    Households purchased, in net terms, mainly debt securities issued by the rest of the world, general government, and other financial institutions (see Table 1 below and Table 2.2. in the Annex). Households were overall net sellers of listed shares, selling predominantly listed shares of MFIs, while buying listed shares issued by the rest of the world (i.e. shares issued by non-euro area residents). Households increased their purchases of euro area non-money market investment fund shares, and continued to purchase money market fund shares, while purchases of investment fund shares issued by the rest of the world decelerated.

    The household debt-to-income ratio[1] decreased, to 81.7% in the first quarter of 2025 from 83.8% in the first quarter of 2024. The household debt-to-GDP ratio decreased, to 51.2% in the first quarter of 2025 from 52.3% in the first quarter of 2024 (see Chart 2).

    Table 1

    Financial investment and financing of households, main items

    (annual growth rates)

    Financial transactions

    2024 Q1

    2024 Q2

    2024 Q3

    2024 Q4

    2025 Q1

    Financial investment*

    2.0

    2.3

    2.4

    2.4

    2.5

    Currency and deposits

    1.5

    2.3

    2.5

    3.0

    3.0

    Debt securities

    41.4

    29.8

    17.1

    8.2

    3.0

    Shares and other equity**

    0.2

    0.4

    0.9

    1.8

    2.3

    Life insurance

    0.0

    0.4

    1.3

    1.6

    1.7

    Pension schemes

    2.0

    1.8

    1.9

    1.8

    2.1

    Financing***

    0.9

    1.2

    1.2

    1.6

    1.8

    Loans

    0.6

    0.6

    0.9

    1.3

    1.7

    Source: ECB.

    * Items not shown include: loans granted, prepayments of insurance premiums and reserves for outstanding claims and other accounts receivable.

    ** Includes investment fund shares.

    *** Items not shown include: financial derivatives’ net liabilities, pension schemes and other accounts payable.

    Data for financial investment and financing of households (Table 1)

    Chart 2

    Debt ratios of households and NFCs

    (percentages of GDP)

    Sources: ECB and Eurostat.

    * Outstanding amount of loans, debt securities, trade credits and pension scheme liabilities.
    ** Outstanding amount of loans and debt securities, excluding debt positions between NFCs
    *** Outstanding amount of loan liabilities.

    Data for debt ratios of households and non-financial corporations (Chart 2)

    Developments in household wealth distribution in 2024

    The Distributional Wealth Accounts show that household net wealth continued to increase in 2024, while wealth inequality, as measured by the Gini coefficient of net wealth, has remained broadly unchanged in recent years (see Chart 3). The share of household net wealth held by the wealthiest 10% of households stood at 57.3% at the end of 2024, largely unchanged from previous years.

    Chart 3

    Household net wealth distribution and wealth inequality

    (left-hand scale: EUR trillions; right-hand scale: percentages)

    Sources: ECB.

    The growth in net wealth across the various household wealth groups was primarily driven by valuation effects of both financial and non-financial assets, while contribution of net saving was stable but lower. Since the fourth quarter of 2019, net wealth has risen substantially across all wealth groups, with increases of 32% for the bottom 50% of the wealth distribution, 24% for the next 40%, and 26% for the top 10%. The developments varied between different asset classes, resulting in distinct portfolio dynamics across household wealth groups (see Chart 4). A significant portion of overall net wealth growth – more than half in each wealth group – was driven by increases in housing wealth. For the bottom 50% of households, deposits were the second-largest contributor (+9 percentage points), with smaller contributions from other wealth components. Among the next 40% of households, deposits also made a positive contribution (+4 percentage points) to net wealth growth, though this was largely offset by the negative effect of increasing mortgages (-3 percentage points). For the wealthiest 10% of households, the growth in net wealth was also supported by significant increases in business wealth (+6 percentage points) and investment fund shares (+3 percentage points).

    Chart 4

    Contributions to growth of household net wealth between Q1 2019 and Q4 2024

    (percentage points, percentage change)

    Sources: ECB.

    Note: The left-hand scale measures the percentage growth of net wealth and the percentage point contributions to net wealth growth of all other legend items.

    Non-financial corporations

    Financing of NFCs increased at a higher annual rate of 1.3% in the first quarter of 2025 (after 0.9% in the previous quarter). This was the result of an acceleration in financing by loans (2.0% after 1.3%) and trade credits (4.1% after 3.6%), while the financing via the issuance of debt securities and of equity grew at broadly unchanged rates (see Table 2).The acceleration in loan financing is mainly due to loans granted by MFIs (2.6% after 1.6%, see Table 3.2 in the Annex), by the rest of the world (1.6% after -0.2%), and by other financial institutions (-0.5% after -2.5%).

    NFCs’ debt-to-GDP ratio (consolidated measure) decreased to 67.2% in the first quarter of 2025, from 68.4% first quarter of 2024; the non-consolidated, wider debt measure decreased to 138.9% from 140.6% (see Chart 2).

    Table 2

    Financing and financial investment of NFCs, main items

    (annual growth rates)

    Financial transactions

    2024 Q1

    2024 Q2

    2024 Q3

    2024 Q4

    2025 Q1

    Financing*

    0.8

    0.9

    1.0

    0.9

    1.3

    Debt securities

    2.0

    2.9

    2.5

    1.5

    1.6

    Loans

    1.6

    1.4

    1.4

    1.3

    2.0

    Shares and other equity

    0.3

    0.6

    0.6

    0.4

    0.5

    Trade credits and advances

    1.0

    2.0

    2.5

    3.6

    4.1

    Financial investment**

    1.7

    1.8

    2.0

    1.8

    2.0

    Currency and deposits

    0.2

    2.6

    1.7

    2.4

    2.1

    Debt securities

    10.9

    8.1

    3.9

    2.1

    4.1

    Loans

    3.9

    3.7

    3.2

    2.6

    2.8

    Shares and other equity

    1.1

    0.9

    1.2

    0.7

    0.4

    Source: ECB.

    * Items not shown include: pension schemes, other accounts payable, financial derivatives’ net liabilities and deposits.

    ** Items not shown include: other accounts receivable and prepayments of insurance premiums and reserves for outstanding claims.

    Data for financial investment and financing of non-financial corporations (Table 2)

    For queries, please use the statistical information request form.

    Notes

    • These data come from a second release of quarterly euro area sector accounts for the first quarter of 2025 by the ECB and Eurostat, the statistical office of the European Union. This release incorporates revisions and completed data for all sectors compared with the first release on “Euro area households and non-financial corporations” of 3 July 2025.
    • The euro area and national financial accounts data of NFCs and households are available in an interactive dashboard.
    • The debt-to-GDP (or debt-to-income) ratios are calculated as the outstanding amount of debt in the reference quarter divided by the sum of GDP (or income) in the four quarters up to the reference quarter. The ratio of non-financial transactions (e.g. savings) as a percentage of income or GDP is calculated as the sum of the four quarters up to the reference quarter for both numerator and denominator.
    • The annual growth rate of non-financial transactions and of outstanding assets and liabilities (stocks) is calculated as the percentage change between the value for a given quarter and that value recorded four quarters earlier. The annual growth rates used for financial transactions refer to the total value of transactions during the year in relation to the outstanding stock a year before.
    • Hyperlinks in the main body of the statistical release lead to data that may change with subsequent releases as a result of revisions. Figures shown in annex tables are a snapshot of the data as at the time of the current release.
    • The release of results of experimental Distributional Wealth Accounts (DWA) for the first quarter of 2025 is planned for 29 August 2025 (tentative date).

    MIL OSI Europe News

  • MIL-OSI Europe: Euro area economic and financial developments by institutional sector: first quarter of 2025

    Source: European Central Bank

    25 July 2025

    • Euro area net saving decreased to €799 billion in four quarters to first quarter of 2025, compared with €813 billion one quarter earlier
    • Household debt-to-income ratio decreased to 81.7% in first quarter of 2025 from 83.8% one year earlier
    • Non-financial corporations’ debt-to-GDP ratio (consolidated measure) decreased to 67.2% in first quarter of 2025 from 68.4% one year earlier
    • Share of net wealth held by wealthiest 10% of households stood at 57.3% in 2024, largely unchanged from previous years.

    Total euro area economy

    Euro area net saving decreased to €799 billion (6.5% of euro area net disposable income) in the four quarters to the first quarter of 2025 compared with €813 billion in the four quarters to the previous quarter. Euro area net non-financial investment was broadly unchanged at €441 billion (3.6% of net disposable income), due to broadly unchanged net investment of all sectors (see Chart 1 and Table 1 in the Annex).

    Euro area net lending to the rest of the world decreased to €388 billion (from €401 billion previously) reflecting the decreased net saving and broadly unchanged net non-financial investment. Non-financial corporations’ net lending decreased to €130 billion (1.1% of net disposable income) from €156 billion, while that of households increased to €598 billion (4.9% of net disposable income) from €588 billion. Financial corporations’ net lending (€123 billion, 1.0% of net disposable income) and general government net borrowing were broadly unchanged, the latter contributing negatively to euro area net lending (-€463 billion, -3.8% of net disposable income).

    Chart 1

    Euro area saving, investment and net lending to the rest of the world

    (EUR billions, four-quarter sums)

    Sources: ECB and Eurostat.

    * Net saving minus net capital transfers to the rest of the world (equals change in net worth due to transactions).

    Data for euro area saving, investment and net lending to the rest of the world (Chart 1)

    Households

    Household financial investment increased at a broadly unchanged annual rate of 2.5% in the first quarter of 2025. Among its components, investment in currency and deposits grew at an unchanged rate of 3.0%. Investment in debt securities increased at a lower rate (3.0%, after 8.2%), while investment in shares and other equity grew at a higher rate (2.3%, after 1.8%) – the latter mainly due to investment fund shares.

    Households purchased, in net terms, mainly debt securities issued by the rest of the world, general government, and other financial institutions (see Table 1 below and Table 2.2. in the Annex). Households were overall net sellers of listed shares, selling predominantly listed shares of MFIs, while buying listed shares issued by the rest of the world (i.e. shares issued by non-euro area residents). Households increased their purchases of euro area non-money market investment fund shares, and continued to purchase money market fund shares, while purchases of investment fund shares issued by the rest of the world decelerated.

    The household debt-to-income ratio[1] decreased, to 81.7% in the first quarter of 2025 from 83.8% in the first quarter of 2024. The household debt-to-GDP ratio decreased, to 51.2% in the first quarter of 2025 from 52.3% in the first quarter of 2024 (see Chart 2).

    Table 1

    Financial investment and financing of households, main items

    (annual growth rates)

    Financial transactions

    2024 Q1

    2024 Q2

    2024 Q3

    2024 Q4

    2025 Q1

    Financial investment*

    2.0

    2.3

    2.4

    2.4

    2.5

    Currency and deposits

    1.5

    2.3

    2.5

    3.0

    3.0

    Debt securities

    41.4

    29.8

    17.1

    8.2

    3.0

    Shares and other equity**

    0.2

    0.4

    0.9

    1.8

    2.3

    Life insurance

    0.0

    0.4

    1.3

    1.6

    1.7

    Pension schemes

    2.0

    1.8

    1.9

    1.8

    2.1

    Financing***

    0.9

    1.2

    1.2

    1.6

    1.8

    Loans

    0.6

    0.6

    0.9

    1.3

    1.7

    Source: ECB.

    * Items not shown include: loans granted, prepayments of insurance premiums and reserves for outstanding claims and other accounts receivable.

    ** Includes investment fund shares.

    *** Items not shown include: financial derivatives’ net liabilities, pension schemes and other accounts payable.

    Data for financial investment and financing of households (Table 1)

    Chart 2

    Debt ratios of households and NFCs

    (percentages of GDP)

    Sources: ECB and Eurostat.

    * Outstanding amount of loans, debt securities, trade credits and pension scheme liabilities.
    ** Outstanding amount of loans and debt securities, excluding debt positions between NFCs
    *** Outstanding amount of loan liabilities.

    Data for debt ratios of households and non-financial corporations (Chart 2)

    Developments in household wealth distribution in 2024

    The Distributional Wealth Accounts show that household net wealth continued to increase in 2024, while wealth inequality, as measured by the Gini coefficient of net wealth, has remained broadly unchanged in recent years (see Chart 3). The share of household net wealth held by the wealthiest 10% of households stood at 57.3% at the end of 2024, largely unchanged from previous years.

    Chart 3

    Household net wealth distribution and wealth inequality

    (left-hand scale: EUR trillions; right-hand scale: percentages)

    Sources: ECB.

    The growth in net wealth across the various household wealth groups was primarily driven by valuation effects of both financial and non-financial assets, while contribution of net saving was stable but lower. Since the fourth quarter of 2019, net wealth has risen substantially across all wealth groups, with increases of 32% for the bottom 50% of the wealth distribution, 24% for the next 40%, and 26% for the top 10%. The developments varied between different asset classes, resulting in distinct portfolio dynamics across household wealth groups (see Chart 4). A significant portion of overall net wealth growth – more than half in each wealth group – was driven by increases in housing wealth. For the bottom 50% of households, deposits were the second-largest contributor (+9 percentage points), with smaller contributions from other wealth components. Among the next 40% of households, deposits also made a positive contribution (+4 percentage points) to net wealth growth, though this was largely offset by the negative effect of increasing mortgages (-3 percentage points). For the wealthiest 10% of households, the growth in net wealth was also supported by significant increases in business wealth (+6 percentage points) and investment fund shares (+3 percentage points).

    Chart 4

    Contributions to growth of household net wealth between Q1 2019 and Q4 2024

    (percentage points, percentage change)

    Sources: ECB.

    Note: The left-hand scale measures the percentage growth of net wealth and the percentage point contributions to net wealth growth of all other legend items.

    Non-financial corporations

    Financing of NFCs increased at a higher annual rate of 1.3% in the first quarter of 2025 (after 0.9% in the previous quarter). This was the result of an acceleration in financing by loans (2.0% after 1.3%) and trade credits (4.1% after 3.6%), while the financing via the issuance of debt securities and of equity grew at broadly unchanged rates (see Table 2).The acceleration in loan financing is mainly due to loans granted by MFIs (2.6% after 1.6%, see Table 3.2 in the Annex), by the rest of the world (1.6% after -0.2%), and by other financial institutions (-0.5% after -2.5%).

    NFCs’ debt-to-GDP ratio (consolidated measure) decreased to 67.2% in the first quarter of 2025, from 68.4% first quarter of 2024; the non-consolidated, wider debt measure decreased to 138.9% from 140.6% (see Chart 2).

    Table 2

    Financing and financial investment of NFCs, main items

    (annual growth rates)

    Financial transactions

    2024 Q1

    2024 Q2

    2024 Q3

    2024 Q4

    2025 Q1

    Financing*

    0.8

    0.9

    1.0

    0.9

    1.3

    Debt securities

    2.0

    2.9

    2.5

    1.5

    1.6

    Loans

    1.6

    1.4

    1.4

    1.3

    2.0

    Shares and other equity

    0.3

    0.6

    0.6

    0.4

    0.5

    Trade credits and advances

    1.0

    2.0

    2.5

    3.6

    4.1

    Financial investment**

    1.7

    1.8

    2.0

    1.8

    2.0

    Currency and deposits

    0.2

    2.6

    1.7

    2.4

    2.1

    Debt securities

    10.9

    8.1

    3.9

    2.1

    4.1

    Loans

    3.9

    3.7

    3.2

    2.6

    2.8

    Shares and other equity

    1.1

    0.9

    1.2

    0.7

    0.4

    Source: ECB.

    * Items not shown include: pension schemes, other accounts payable, financial derivatives’ net liabilities and deposits.

    ** Items not shown include: other accounts receivable and prepayments of insurance premiums and reserves for outstanding claims.

    Data for financial investment and financing of non-financial corporations (Table 2)

    For queries, please use the statistical information request form.

    Notes

    • These data come from a second release of quarterly euro area sector accounts for the first quarter of 2025 by the ECB and Eurostat, the statistical office of the European Union. This release incorporates revisions and completed data for all sectors compared with the first release on “Euro area households and non-financial corporations” of 3 July 2025.
    • The euro area and national financial accounts data of NFCs and households are available in an interactive dashboard.
    • The debt-to-GDP (or debt-to-income) ratios are calculated as the outstanding amount of debt in the reference quarter divided by the sum of GDP (or income) in the four quarters up to the reference quarter. The ratio of non-financial transactions (e.g. savings) as a percentage of income or GDP is calculated as the sum of the four quarters up to the reference quarter for both numerator and denominator.
    • The annual growth rate of non-financial transactions and of outstanding assets and liabilities (stocks) is calculated as the percentage change between the value for a given quarter and that value recorded four quarters earlier. The annual growth rates used for financial transactions refer to the total value of transactions during the year in relation to the outstanding stock a year before.
    • Hyperlinks in the main body of the statistical release lead to data that may change with subsequent releases as a result of revisions. Figures shown in annex tables are a snapshot of the data as at the time of the current release.
    • The release of results of experimental Distributional Wealth Accounts (DWA) for the first quarter of 2025 is planned for 29 August 2025 (tentative date).

    MIL OSI Europe News

  • MIL-OSI Europe: EU Court Rules in Trademark Dispute Over ‘Iceland’

    Source: Government of Iceland

    The General Court of the European Union has confirmed the decision of the European Union Intellectual Property Office (EUIPO) to invalidate Iceland Foods Ltd. exclusive right to the word mark and figurative mark ICELAND. The General Court dismissed claims of annulment brought by the supermarket chain and agreed that the term “Iceland” is descriptive of the geographical origin of goods and services and cannot function as an exclusive trademark.

    The ruling confirms that Iceland Foods Ltd. can no longer prevent Icelandic companies from identifying themselves by their country of origin when marketing their goods and services within the European Union. The case is therefore of fundamental importance to Icelandic companies engaged in international trade.

    „We welcome this clear outcome in our favor in a case that is of fundamental importance to Iceland,“ says Minister for Foreign Affairs, Thorgerdur Katrin Gunnarsdottir. „For our companies it is of considerable value to be able to clearly refer to their Icelandic origin, with all the underlying thoughts of clean air and pristine nature that it carries internationally when you identify yourself as Icelandic. It carries great value for all of us, and we tend to say it with pride. We therefore put much effort into protecting our interests in this respect.“

    Iceland Foods Ltd. may still appeal the ruling on points of law within two months.

    The ruling regarding the word mark.

    The ruling regarding the figurative mark.

    MIL OSI Europe News

  • MIL-OSI China: Regular Press Briefing of the Ministry of National Defense on July 14, 2025 2025-07-25 On the afternoon of July 14, 2025, Senior Colonel Jiang Bin, Deputy Director-General of the Information Office of China’s Ministry of National Defense (MND) and Spokesperson for the MND, answered recent media queries concerning the military.

    Source: People’s Republic of China – Ministry of National Defense

    On the afternoon of July 14, 2025, Senior Colonel Jiang Bin, Deputy Director-General of the Information Office of China’s Ministry of National Defense (MND) and Spokesperson for the MND, answered recent media queries concerning the military.

    On the afternoon of July 14, 2025, Senior Colonel Jiang Bin, Deputy Director-General of the Information Office of China’s Ministry of National Defense (MND) and Spokesperson for the MND, answers recent media queries concerning the military. (Photo by Sun Yue)

    Jiang Bin: First, I would like to announce two pieces of information.

    First, the Young Leaders Conference of China-Africa Peace and Security Forum will be held in Nanjing from July 15 to 19, with about 90 mid-and-senior level military officers from over 40 African countries attending. The Conference is hosted by the Chinese Ministry of National Defense and organized by the PLA Army Command College. With the theme of Building Peace Together for the Future, the conference is aimed at implementing the outcomes of the Beijing Summit of the Forum on China-Africa Cooperation, and further boosting consensus, solidarity and cooperation between China and African countries on peace and security, so as to facilitate the building of an all-weather China-Africa community with a shared future for the new era.

    Second, army special forces of China and Serbia will carry out Peace Guardian-2025 joint training in Hebei in the second half of July. This will be the first joint training between Chinese and Serbian militaries. It will help strengthen combat capabilities of participating troops and deepen cooperation between the two militaries.

    Journalist: The Philippine Defense Secretary has recently said in an interview that China’s willingness to sign the Protocol to the Treaty on the Southeast Asia Nuclear Weapon-Free Zone was just a symbolic gesture. With one of the world’s largest nuclear arsenals, China should denuclearize first to show its sincerity. Do you have any comment?

    Jiang Bin: Some people in the Philippines often make groundless accusations against China’s efforts in preserving regional peace. Do they speak for themselves or stand for their country? We are not sure. Establishing the Southeast Asia nuclear weapon-free zone (SEANWFZ) is significant for strengthening the international nuclear non-proliferation regime and promoting regional peace and stability, and is conducive to the fundamental security interests of ASEAN countries. The Chinese side is firmly committed to such an undertaking, and has made clear our willingness to take the lead in signing the Protocol.

    China follows a policy of no-first-use of nuclear weapons, and has made an unconditional commitment of not using or threatening to use nuclear weapons against non-nuclear-weapon states or nuclear weapon-free zones. China is the only nuclear-weapon state that has made such a commitment. China’s nuclear force and nuclear policy have been a significant contribution to world peace, which is widely recognized by the international community.

    Journalist: Sources from the Japanese government said that Japan plans to export six Abukuma-class frigates to the Philippines. Some analysts believe this is aimed at “China’s maritime expansion”. What’s your take?

    Jiang Bin: It is our consistent position that defense and security cooperation between relevant countries should not target at any third party or harm the interests of any third party. During WWII, Japanese militarists committed heinous crimes when they invaded and colonized Japan’s neighboring countries, including China and the Philippines, and occupied islands in the South China Sea. In recent years, Japan has breached its commitments under the pacifist Constitution and exclusively defense-oriented policy by continuously exporting weapons and equipment to other countries, attempting to build small cliques to stir up trouble in the South China Sea, which created destabilizing factors in the Asia-Pacific region. This year marks the 80th anniversary of the victory of the Chinese People’s War of Resistance Against Japanese Aggression and the World Anti-Fascist War. We urge the Japanese side to deeply reflect on and draw lessons from history, speak and act prudently on military and security matters, and do more to contribute to regional peace and stability.

    Journalist: The head of Taiwan’s military agency has reportedly announced the establishment of Taiwan’s first HIMARS company, and that it will greatly improve the Taiwan military’s precision strike and overall defense capabilities. In addition, Taiwan’s military agency has approved the acquisition of 168 units of US M109A7 self-propelled howitzers. Do you have any comment?

    Jiang Bin: In order to solicit US support for “Taiwan independence”, the DPP authorities are selling Taiwan’s interests to flatter the US and squandering the hard-earned money of the Taiwan people to pay protection fees. Buying US weapons to embolden themselves is useless and self-deceiving. Resisting reunification by force is a dead end. War provocations made by the “Taiwan independence” armed forces are futile, and will only lead to self-destruction.

    On the afternoon of July 14, 2025, Senior Colonel Jiang Bin, Deputy Director-General of the Information Office of China’s Ministry of National Defense (MND) and Spokesperson for the MND, answers recent media queries concerning the military. (Photo by Sun Yue)

    Journalist: According to reports, the DPP authorities stated that the activation of the W121 extension of the M503 route by the Civil Aviation Administration of China intends to reduce the depth of Taiwan’s air defense and shorten its early warning time, which would ultimately eliminate the “median line of the Taiwan Strait”, thereby posing military threats to Taiwan. Some media reports said that the activation came just days before Taiwan’s Han Kuang military exercise, and might escalate tensions across the Taiwan Strait. What’s your comment?

    Jiang Bin: Taiwan is a part of China and there is no so-called “median line of the Taiwan Strait”. The establishment and activation of relevant route is a routine work carried out by the competent authorities based on the needs of civil aviation development and management. It is beneficial to compatriots on both sides of the Strait. The DPP authorities used it as an excuse to hype up the so-called “military threats from the mainland” for their selfish gains, attempting to create security anxiety, intensify antagonism and confrontation, and obstruct cross-Strait exchanges. Their scheme would never be welcomed nor succeed.

    The root cause for the current tension across the Taiwan Strait lies in the DPP authorities’ collusion with external forces in their continuous provocations for “Taiwan independence”. We hope that all Taiwan compatriots can see through the true nature of the DPP authorities in seeking independence, realize the serious harm of “Taiwan independence”, firmly oppose “Taiwan independence” separatist activities, and jointly safeguard cross-Strait peace and stability.

    MIL OSI China News

  • MIL-OSI Africa: Benin: African Development Bank Approves Over $30 Million to Protect Farmers from Climate Shocks and Food Insecurity

    Source: APO

    The Board of Directors of the African Development Bank Group  (www.AfDB.org) has approved $30.25 million in financing for a groundbreaking climate protection and agricultural sector resilience program in Benin. Thanks to this approval, Beninese farmers, particularly those in northern Benin, will no longer have to fear losing their entire harvest during devastating droughts or sudden floods.

    This initiative will protect 150,000 smallholder farmers against climate shocks in a country where agriculture employs seven out of ten people but remains at the mercy of an increasingly unpredictable climate. The situation is particularly critical in the departments of Alibori and Atakora, where one in four farmers suffers from food insecurity, well above the national average.

    These northern regions face a double burden of climate challenges and spillover effects from Sahel instability, creating additional pressures through forced displacement and border closures with Niger. Climate projections indicate alarming future risks, with cotton production and maize yields expected to drop by 22% and 6.3% respectively, with potential economic losses estimated at approximately 201 billion CFA francs.

    “This investment represents our commitment to strengthening climate resilience in Benin’s agricultural sector while responding to the urgent needs of vulnerable farming communities,” said Robert Masumbuko, African Development Bank Country Representative in Benin. “By introducing innovative risk management tools and strengthening local capacities, we are helping farmers adapt to climate change while preventing conflicts and promoting social cohesion in fragile border areas.”

    The project strengthens the Beninese government’s efforts to establish agricultural insurance, whose pilot phase is managed by Benin’s National Fund for Agricultural Development (FNDA).

    It introduces innovative climate risk transfer mechanisms, including sovereign insurance coverage against droughts and floods via the African Risk Capacity, and agricultural micro- insurance for smallholders. These tools will improve farmers’ risk profiles with financial institutions, facilitating better access to credit and investment opportunities.

    Beyond insurance mechanisms, the initiative will strengthen institutional capacities for climate disaster management, deploy early warning systems with agrometeorological equipment, and promote climate-smart agricultural practices. The program specifically targets 30% youth participation and ensures 30% female representation among the 150,000 direct beneficiaries. Furthermore, special attention is given to social cohesion activities to support peaceful integration of displaced populations in host communities.

    The financing comes from multiple sources: $20 million from the “prevention” envelope of the Transition Support Facility, $5 million from the African Development Fund, $3 million from the ADRiFi multi-donor trust fund, and approximately $2.44 million in national counterpart contributions for insurance premiums.

    The project aligns with Benin’s National Development Plan 2018-2025 and its National Adaptation Plan 2022-2027, supporting the country’s agricultural transformation objectives while strengthening climate change resilience through innovative instruments such as insurance. Strategic partnerships with the World Food Programme, the World Bank, and bilateral donors such as Swiss and Luxembourg cooperations ensure comprehensive support for sustainable agricultural development, including the establishment of agricultural insurance in Benin.

    For Benin’s farming families, this financing represents hope for protected harvests, stable incomes, and a safer future for their children. For northern Benin communities, this project is a guarantee of stability and social cohesion in a strategic region of West Africa, and finally, for the Beninese state, the project ensures financial resilience against increasingly recurrent disaster risks.

    The African Development Bank Group remains committed to supporting Africa’s agricultural transformation through innovative climate adaptation solutions that protect vulnerable communities while promoting sustainable development and regional stability.

    Distributed by APO Group on behalf of African Development Bank Group (AfDB).

    Media Contact:
    Natalie Nkembuh
    Communication and External Relations Department
    media@afdb.org

    About the African Development Bank Group:
    The African Development Bank Group is Africa’s leading development finance institution. It comprises three distinct entities: the African Development Bank (AfDB), the African Development Fund (ADF) and the Nigeria Trust Fund (NTF). Represented in 41 African countries, with an external office in Japan, the Bank contributes to the economic development and social progress of its 54 regional member countries. For more information: www.AfDB.org

    Media files

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    MIL OSI Africa

  • MIL-OSI China: Beijing’s budget revenue rises 2.6% in H1

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

    Beijing’s economy showed continued stability and growth in the first half of 2025, driving a 2.6% increase in municipal budget revenue that maintained the city’s top position nationwide for revenue quality, local officials said Wednesday.

    Han Jie, director of the Beijing Municipal Finance Bureau, told the city legislature that general public budget revenue reached 357.12 billion yuan ($50 billion) in the first six months, exceeding the half-year target by 3.9 percentage points.

    All three main tax categories posted positive growth, with tax revenue accounting for 87.3% of total revenue, the highest rate nationwide, Han said during his report to the 18th session of the Standing Committee of the 16th Beijing Municipal People’s Congress.

    The figures reflect Beijing’s sustained economic momentum and high-quality fiscal performance, officials said.

    Key economic sectors drove the fiscal growth. Scientific and technological services posted a 13.4% increase in tax revenue, while information services grew 7.7%.

    On the spending front, Beijing’s general public budget expenditures totaled 459 billion yuan, surpassing the half-year target by 4.6 percentage points. The city allocated more than 80% of its budget to public welfare, prioritizing livelihood and development programs.

    Spending also increased across key areas, including science and technology, education, health care, culture and sports, social security, employment and urban-rural development.

    Science and technology investment rose to 58.49 billion yuan, up 3.5% and ranking among the nation’s highest both in scale and proportion of total spending, officials said.

    Eight newly established government investment funds deployed 18.86 billion yuan across 212 projects, leveraging about 72.8 billion yuan in private capital to support high-tech and advanced manufacturing industries.

    The city also strengthened budget oversight, expanding pre-spending evaluations to all major new projects and cutting 1.22 billion yuan from 214 projects.

    MIL OSI China News

  • MIL-OSI China: Loan data points to stabilizing realty sector

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

    This aerial panoramic photo taken on Jan. 10, 2023 shows a view of Lujiazui area in the China (Shanghai) Pilot Free Trade Zone in east China’s Shanghai. [Photo/Xinhua]

    The latest lending data showing a rebound in property-related loans indicates early signs of stabilization in China’s real estate market, signaling a gradual recovery in financing activity and a renewed sense of confidence among developers and homebuyers, industry experts said on Thursday.

    They said that more supportive measures are expected to be rolled out to restore momentum in the property market while existing policies gradually take effect, which will further boost market confidence and pave the way for overall market stabilization in the coming months.

    Data released on Tuesday by the People’s Bank of China, the nation’s central bank, shows that as of the end of the second quarter of 2025, outstanding renminbi real estate loans amounted to 53.33 trillion yuan ($7.45 trillion), up 0.4 percent year-on-year, an increase of 0.6 percentage point over the end of 2024.

    In the first half of the year, real estate loans increased by 416.6 billion yuan, while property development loans rose 292.6 billion yuan, reaching 13.81 trillion yuan, up 0.3 percent year-on-year.

    The data also showed that outstanding individual housing loans stood at 37.74 trillion yuan, down 0.1 percent year-on-year, but the decline narrowed by 1.2 percentage points from the end of 2024.

    “This is a clear and encouraging sign that the real estate market is gradually stabilizing. Consecutive quarters of positive loan growth suggest that financing is flowing more smoothly again — both for developers and homebuyers,” said Shaun Brodie, head of research content for China with Cushman & Wakefield, a global real estate services company.

    “It also reflects improving confidence among financial institutions and a more supportive policy environment. These factors collectively indicate that the market is transitioning from a correction phase toward a more balanced and sustainable footing,” Brodie said.

    Yao Yao, head of research at JLL China, said the growth tendency is more evident in property development loans.

    “Although property loan growth is still subdued, it has posted year on-year gains for a second straight quarter, with development loan balances rising even faster. That momentum has been largely echoed by stronger land auction results in core cities since the start of the year, backed by a rising supply of prime land,” said Yao.

    Ding Zuyu, chairman of China Real Estate Information Corp, said that since June, while the central government has actively worked to boost domestic demand and stimulate consumption, local governments have also continued to strengthen market-stabilizing policies.

    “Notable examples are Guangdong province’s Shen­zhen and Zhuhai promoting mutual recognition of housing provident fund loans; Hangzhou allowing the use of provident fund savings for down payments; and Binhu district of Jiangsu province’s Wuxi launching a “SuChao” (Jiangsu Football City League) ticket stub subsidy program offering up to 50,000 yuan for homebuyers,” said Ding.

    In the first half of this year, local governments rolled out over 340 measures, primarily focusing on optimizing housing provident fund policies, offering home purchase subsidies and adjusting land supply, according to media reports.

    Yan Yuejin, deputy head of the Shanghai-based E-House China R&D Institute, said that in the first half of 2025, China’s real estate market showed positive momentum, reflecting both the effective impact of supportive housing policies and strong underlying demand.

    This upward trend has laid a solid foundation for further market recovery in the second half of the year, Yan said, adding that with supply and demand having undergone substantial adjustments, the sector is well-positioned for more balanced and sustainable growth moving forward.

    MIL OSI China News

  • PM Modi shares article highlighting benefits of India-UK trade deal

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi on Friday shared an article highlighting the wide-ranging benefits of the landmark India-UK Comprehensive Economic and Trade Agreement (CETA), calling it a transformative step for various sections of the Indian economy.

    Reiterating Commerce Minister Piyush Goyal’s remarks, the Prime Minister’s Office (PMO) said on X:

    “Union Minister Shri @PiyushGoyal explains how the landmark India–UK Comprehensive Economic and Trade Agreement will empower Indian farmers, fishermen, artisans, and small businesses, while ensuring quality products at better prices for everyday consumers.”

    In his post on X, Goyal described the trade agreement as a “stellar example of how New India does business.” He noted that under the leadership of PM Modi, the deal would provide a significant boost to market access for Indian products and services, enhance competitiveness, and create jobs across sectors.

    Goyal added that the CETA will empower key contributors to the Indian economy—including farmers, fisherfolk, MSMEs, artisans, and service professionals—by opening new opportunities in the UK market. 

    https://x.com/PiyushGoyal/status/1948588543422394553

    Prime Minister Modi concluded a successful visit to the United Kingdom on Thursday, where he held talks with British Prime Minister Keir Starmer at Chequers, the official country residence of the UK Prime Minister.

    During the meeting, both leaders welcomed the signing of the India-UK Comprehensive Economic and Trade Agreement (CETA), which is poised to boost bilateral trade, attract investment, and generate employment opportunities in both countries.

  • MIL-OSI Asia-Pac: CE meets Deputy Prime Minister and Minister of Finance and Economic Management of Vanuatu (with photo)

    Source: Hong Kong Government special administrative region

    The Chief Executive, Mr John Lee, met with the Deputy Prime Minister and Minister of Finance and Economic Management of Vanuatu, Mr Johnny Koanapo Rasou, today (July 25) to exchange views on issues of mutual interest. The Acting Secretary for Commerce and Economic Development, Dr Bernard Chan, also attended the meeting.
     
    Mr Lee welcomed Mr Rasou and his delegation to Hong Kong to attend economic and trade co-operation events. Mr Lee said that Hong Kong is leveraging its advantages under the “one country, two systems” principle of connecting the Mainland and the world and is actively deepening international exchanges and co-operation. He said that, apart from strengthening traditional markets, Hong Kong will further explore emerging markets including Belt and Road countries and expand economic and trade networks with Global South countries including Vanuatu.
     
    Mr Lee noted that, as a functional platform for the Belt and Road Initiative, Hong Kong boasts a highly internationalised, market-oriented, and business-friendly environment, making it an ideal place for companies to expand their global operations. He welcomed enterprises from Vanuatu to leverage Hong Kong’s role as a “super connector” and “super value-adder” to explore overseas and Mainland markets, enhancing bilateral trade and business exchanges.    

    MIL OSI Asia Pacific News

  • MIL-OSI United Kingdom: Statement on Australia-UK Ministerial Consultations (AUKMIN) July 2025

    Source: United Kingdom – Executive Government & Departments

    Press release

    Statement on Australia-UK Ministerial Consultations (AUKMIN) July 2025

    Joint statement from UK and Australia on the Australia-UK Ministerial Consultations (AUKMIN) July 2025

    1 . On 25 July 2025, the Minister for Foreign Affairs Senator the Hon Penny Wong and the Deputy Prime Minister and Minister for Defence the Hon Richard Marles MP hosted the Secretary of State for Foreign, Commonwealth and Development Affairs the Rt Hon David Lammy MP and the Secretary of State for Defence the Rt Hon John Healey MP for the Australia-UK Ministerial Consultations (AUKMIN) in Sydney.

    2 . Ministers noted the global security environment had become more dangerous and unpredictable since they last met in December 2024. They recognised the elevated importance of the enduring Australia-UK relationship in responding together to address these challenges.

    3 . Ministers agreed to significantly increase their cooperation to bolster Australia and the UK’s defence and national security, enhance economic security and mitigate and address the impacts of climate change. Ministers agreed on the enduring importance of the UK-Australia relationship in delivering economic growth to our peoples and globally.

    4 . Ministers underscored the role Australia and the UK play in upholding the rules, norms and institutions, including respect for universal human rights, that underpin global prosperity and security, and noted their deep, clear and longstanding commitment to the multilateral system. They committed to consider joint initiatives and advocacy on multilateral reform, including on the UN Secretary-General’s UN80 Initiative, to ensure the multilateral system is able to continue to deliver on critical core functions and mandates.

    Closer cooperation in the Indo-Pacific

    5 . Ministers reaffirmed that the security, resilience and prosperity of the Indo-Pacific and Euro-Atlantic regions are interconnected. They committed to continue to expand efforts to safeguard internationally agreed rules and norms and respect for sovereignty. Ministers agreed on the need to shape a world characterised by adherence to rules and norms, rather than power or coercion.

    6 . Ministers committed to further strengthen cooperation, bilaterally and with regional partners, to ensure a peaceful, stable and prosperous Indo-Pacific. Ministers agreed the UK and Australia’s enduring engagement in the Indo-Pacific was important to shaping a favourable strategic balance in the region.

    7 . Recognising the deteriorating geostrategic environment, Ministers emphasised the need for all countries to manage strategic competition responsibly, and the importance of dialogue and practical measures to reduce the risks of miscalculation, escalation and conflict.

    8 . Ministers reiterated their strong opposition to coercive or destabilising activities by China’s Coast Guard, naval vessels and maritime militia in the South China Sea, including sideswiping, water cannoning and close manoeuvres that have resulted in injuries, endangered lives and created risks of miscalculation and escalation. Ministers agreed to continue cooperating to support freedom of navigation and overflight in the region, including through participation in joint activities. They also reiterated their concern about the situation in the East China Sea.

    9 . Ministers emphasised the obligation of all states to adhere to international law, particularly the United Nations Convention on the Law of the Sea (UNCLOS), which provides the comprehensive legal framework for all activities in the ocean and seas. They agreed that maritime disputes must be resolved peacefully and in accordance with international law. Ministers reaffirmed that the 2016 South China Sea Arbitral Tribunal decision is final and binding on the parties. They emphasised any South China Sea Code of Conduct must be consistent with UNCLOS and not undermine the rights of States under international law.

    10 . Ministers agreed on the critical importance of peace and stability across the Taiwan Strait. They called for the peaceful resolution of cross-Strait issues through dialogue and not through the threat or use of force or coercion, and reaffirmed their opposition to unilateral changes to the status quo. They expressed concern at China’s destabilising military exercises around Taiwan. Ministers recognised that the international community benefits from the expertise of the people of Taiwan and committed to support Taiwan’s meaningful participation in international organisations where statehood is not a pre-requisite or as an observer or guest where it is. They reiterated their will to continue to deepen relations with Taiwan in the economic, trade, scientific, technological, and cultural fields.

    11 . Ministers strongly condemned the DPRK’s ongoing nuclear and ballistic missile programs and called for the complete, verifiable and irreversible denuclearisation of the DPRK. Ministers also expressed grave concern over the DPRK’s malicious cyber activity, including cryptocurrency theft and use of workers abroad to fund the DPRK’s unlawful weapons of mass destruction and ballistic missile programs.

    12 . Ministers emphasised their commitment to ASEAN centrality and recognised the critical role of ASEAN-led architecture in promoting peace, stability and prosperity in the region. They reaffirmed their ongoing commitment to support the practical implementation of the ASEAN Outlook on the Indo-Pacific.

    13 . Ministers underscored their commitment to deepen engagement on trade and investment diversification in Southeast Asia, including through Invested: Australia’s Southeast Asia Economic Strategy to 2040, Australia’s AUD 2 billion Southeast Asian Investment Financing Facility and dedicated Southeast Asia Investment Deal Teams, and the UK’s enhanced economic engagement. Ministers agreed to continue to strengthen coordination on clean energy transition in Southeast Asia and cooperation to bolster the region’s economic resilience through the mobilisation of private finance for climate objectives and green infrastructure, exploring collaboration on financing of low-carbon energy projects, and coordination of support to the ASEAN Power Grid.

    14 . Ministers reaffirmed their commitment to combat people smuggling, human trafficking and modern slavery in South and Southeast Asia, recognising that women and girls were most impacted, with a focus on trafficking into scam centres.

    15 . Ministers reiterated their commitment to the Indian Ocean Rim Association (IORA) as the premier ministerial-level forum in the Indian Ocean region. They agreed to continue collaboration on shared priorities in the Indian Ocean, including maritime security.

    16 . Ministers reiterated their serious concern at the deepening humanitarian crisis and escalating violence in Myanmar, compounded by the devastating earthquake in March. They strongly condemned the Myanmar regime’s violent oppression of its people, including the continued bombardment of civilian infrastructure. They called for all parties to prioritise the protection of civilians. They called on the regime to immediately cease violence, release those arbitrarily detained, allow safe and unimpeded humanitarian access, and return Myanmar to the path of inclusive democracy. Ministers reiterated their support for ASEAN’s efforts to resolve the crisis, including through the Five Point Consensus and the work of the ASEAN Special Envoy and UN Special Envoy. They welcomed ASEAN leaders’ recent call for an extended and expanded ceasefire, and inclusive national dialogue.

    17 . Ministers highlighted their commitment to continue to work with Pacific island countries through existing regional architecture, recognising the centrality of the Pacific Islands Forum. They agreed on the importance of pursuing Pacific priorities as set out in the 2050 Strategy for the Blue Pacific Continent. Ministers joined Pacific partner calls for increased access to climate finance, including further support to Pacific-owned and led mechanisms such as the Pacific Resilience Facility. Ministers welcomed ongoing reform of multilateral climate funds, including the Green Climate Fund (GCF), to provide better outcomes for Pacific island countries, noting encouraging progress made regarding the accreditation of Direct Access Entities and GCF regional presence. Ministers welcomed the UK’s continued contributions to Pacific security through their assistance in the removal of explosive remnants of war via their participation in the Australian-led Operation Render Safe. Ministers agreed to continue to work together to advance transparent and high-quality development in line with the Pacific Quality Infrastructure Principles (PQIPs), including through the Pacific Business Club. Ministers committed to work collaboratively on respective approaches to the Multilateral Development Banks (MDBs) to encourage reform consistent with the PQIPs. Ministers underscored our shared commitment to cyber coordination and capacity-building in the Pacific including through support to the inaugural Pacific Cyber Week in August 2025, a concept endorsed by the Pacific Islands Forum. Ministers emphasised the importance of sharing expertise and strengthening people-to-people links for a more cyber-resilient Pacific.

    Ambitious partners, facing global challenges together

    18 . Ministers unequivocally condemned Russia’s full-scale invasion of Ukraine and called on Russia to immediately withdraw its troops from Ukraine’s internationally recognised territory, and adhere fully to its obligations under international law, including in relation to the protection of civilians and treatment of prisoners of war. They reiterated their commitment to making sure that Ukraine gets the military and financial support it needs to defend itself in the fight now and agreed to step up action against Russia’s war machine. They emphasised the importance of taking further action against Russia’s shadow fleet, acknowledging the sanctions both countries had imposed in this regard. They also called on Russia to immediately cease their illegal deportation of Ukrainian children and reunify those already displaced with their families and guardians in Ukraine.

    19 . Ministers reiterated their deep concerns about the role of third countries in supporting Russia’s illegal war in Ukraine and the associated impact for the security of the Indo-Pacific. They called on China to prevent its companies from supplying dual-use components to Russia’s war effort, and exercise its influence with Russia to stop Moscow’s military aggression and enter negotiations to end the war in good faith. Ministers strongly condemned the DPRK’s support for Russia through the supply of munitions and deployment of DPRK personnel to enable Russia’s war efforts. Ministers called on Iran to cease all support for Russia’s illegal war against Ukraine and halt the transfer of ballistic missiles, UAVs and related technology.

    20 . Ministers agreed deepening military cooperation between Russia and the DPRK was a dangerous expansion of Russia’s war that has significant implications for security in the Indo-Pacific region. They expressed deep concerns about any political, military or economic support Russia may be providing to the DPRK’s nuclear and ballistic missile programs. Ministers affirmed their commitment to cooperating with international partners to strengthen efforts to hold the DPRK to account for violations and evasions of UN Council Resolutions (UNSCRs) including as founding members of the Multilateral Sanctions Monitoring Team (MSMT). Ministers acknowledged the release of the MSMT’s first report, which shines a light on unlawful DPRK-Russia military cooperation including arms transfers and Russia’s training of DPRK troops. Ministers urged all UN Member States to abide by their international obligations under the UNSCRs to implement sanctions, including the prohibition on the transfer or procurement of arms and related material to or from the DPRK.

    21 . Ministers called on Iran and Israel to adhere to the ceasefire and urged Iran to resume negotiations with the US. Ministers stated their determination that Iran must never develop a nuclear weapon. It is essential that Iran act promptly to return to full compliance with its safeguards obligations, cooperate fully with the International Atomic Energy Agency, and refrain from actions that would compromise efforts to address the security situation in the Middle East. Ministers condemned Iran’s unjust detention of foreign nationals and raised ongoing concerns over the human rights situation in Iran, particularly the escalation of the use of the death penalty as a political tool during the 12-day conflict, and the ongoing repression of women, girls and human rights defenders.

    22 . Ministers reiterated their support for Israel’s security and condemnation of Hamas’ horrific attacks on 7 October 2023, and underlined that Israeli actions must abide by international law. They called for an immediate ceasefire in Gaza, an end to Israeli blocks on aid, and the urgent and unconditional release of all hostages.

    23 . Ministers reaffirmed their conviction that an immediate and sustained ceasefire, alongside urgent steps towards a credible and irreversible pathway to a two-state solution are the only ways to deliver lasting peace, security and stability for Israelis, Palestinians and the wider region.

    24 . Ministers expressed grave concerns at the horrific and intolerable situation in Gaza. They continue to be appalled by the immense suffering of civilians, including Israel’s blocking of essential aid. They reiterated their call for Israel to immediately enable full, safe and unhindered access for UN agencies and humanitarian organisations to work independently and impartially to save lives, end the suffering and deliver dignity. Ministers also condemned settler violence in the West Bank, which has led to deaths of Palestinian civilians and the displacement of whole communities, and expressed opposition to any attempt to expand Israel’s illegal settlements.

    25 . Ministers expressed their deep concern for the safety and security of humanitarian personnel working in conflict settings around the world. They reaffirmed their commitment to finalise a Declaration for the Protection of Humanitarian Personnel and implement practical actions to ensure greater respect for and protection of humanitarian personnel. Ministers also called on all countries to endorse the Declaration once launched and to reaffirm their responsibility to uphold humanitarian principles and ensure respect for international humanitarian law. Ministers discussed the essential role of the humanitarian system which is critical to saving lives and livelihoods and avoiding mass displacement. Ministers noted that the core work of the UN, the Red Cross and Red Crescent Movement, and international, national and local humanitarian organisations, must be preserved. Ministers also reiterated support for the Emergency Relief Coordinator’s humanitarian reset.

    26 . Ministers committed to continue close collaboration on protecting and promoting gender equality internationally and countering rollback of rights, including through Australia-UK Strategic Dialogues on Gender Equality and progressing subsequent agreed commitments, such as the UK-Australia Gender Based Violence MoU.

    27 . Ministers reaffirmed their commitment to the full implementation of the Women Peace and Security (WPS) agenda. They acknowledged the 25th anniversary of UN Security Council Resolution 1325 and agreed to continue working together on implementing the WPS agenda, promoting the full, equal, meaningful and safe participation and leadership of women in conflict prevention, mediation and resolution, and working together on preventing conflict-related sexual violence and ending impunity.

    28 . Ministers reiterated their serious shared concerns about human rights violations in China, including the persecution and arbitrary detention of Uyghurs and Tibetans and the erosion of their religious, cultural, education and linguistic rights and freedoms. They expressed their deep concern with the transfer of a cohort of 40 Uyghurs to China against their will in February this year. Ministers shared grave concerns about the ongoing systemic erosion of Hong Kong’s autonomy, freedom, rights and democratic processes, including through the imposition of national security legislation and the prosecution of individuals such as British national Jimmy Lai and Australian citizen Gordon Ng. They shared their deep concern over the actions of Hong Kong authorities in targeting pro-democracy activists both within Hong Kong and overseas, including in Australia and the UK.

    29 . Ministers expressed growing concern over foreign information manipulation and interference (FIMI) and attempts to undermine security and democratic institutions and processes. They committed to working closely to analyse and respond to FIMI in order to raise the costs for malign actors, and build collective responses to FIMI, including in multilateral fora, and to promote resilient, healthy, open and fact-based environments.

    30 . Ministers acknowledged the unprecedented opportunities presented by critical and emerging technologies, including artificial intelligence, and the need to mitigate harms to build trust and confidence. They committed to collaborate on reciprocal information sharing on advanced AI capabilities and research, including between Australian agencies and the UK AI Security Institute, and working together to capture the opportunities of AI through the bilateral Cyber and Critical Technology Partnership.

    31 . Australia welcomed the UK’s new Laboratory for AI Security Research (LASR) and looked forward to exploring the opportunities for cooperation between our nations. The lab will pull together our world-class industry, academia and government agencies to ensure we reap the benefits of AI, while detecting, disrupting and deterring adversaries who would use it to undermine our national security and economic prosperity.

    32 . Ministers expressed shared concern over the persistent threat of malicious cyber activities impacting our societies and economies and agreed to continue to work closely on leveraging all tools of deterrence, including the use of attributions and sanctions to impose reputational, financial costs and travel bans on these actors. Our respective statements calling out the egregious activity of Russia’s GRU on Friday 18 July is a good example of such cooperation.

    33 . The UK is pleased to welcome Australia as a partner to the Common Good Cyber Fund, designed to strengthen cybersecurity for individuals most at risk from digital transnational repression. The Fund was first launched by the Prime Ministers of the UK and Canada under the G7 Rapid Response Mechanism. This participation underscores the growing commitment among G7 partners and like-minded nations to counter this threat and to deliver support to those who may be targeted.

    34 . Ministers reiterated their commitment to the Commonwealth as a unique platform for cross-regional dialogue and cooperation. They noted the importance of the Commonwealth in elevating the voices of small developing states on issues of global importance. Ministers took note of the important role of the Commonwealth Small States Offices in New York and Geneva, and committed to looking into options for expansion of this offer.

    Building shared defence capability

    35 . Ministers welcomed the continued growth in the bilateral defence relationship including the deployment of a British Carrier Strike Group to Australia for Exercise Talisman Sabre 2025 as part of an Indo-Pacific deployment. HMS Prince of Wales is the first UK aircraft carrier to visit Australia since 1997 and the deployment demonstrates the UK’s ongoing commitment to increase interoperability with Australia in the Indo-Pacific following significant contributions to Exercises Pitch Black and Predator’s Run in 2024. Ministers look forward to future opportunities in Australia and the wider region, including leveraging the Royal Navy’s (RN) offshore patrol vessels persistently deployed in the Indo-Pacific.

    36 . Ministers also welcomed the success of the inaugural Australia-UK Staff Level Meeting, with the second meeting set to take place in Australia later this year. This forum will continue to progress joint strategic and operational objectives, supporting the evolution of the bilateral relationship.

    37 . Ministers reaffirmed their enduring commitment to the generational AUKUS partnership, which is supporting security and stability in the Indo-Pacific and beyond, enhancing our collective deterrence against shared threats. This capability and technology sharing partnership will deliver military advantage to deter adversaries and promote regional security. The partnership also provides new pathways for innovation, boosting interoperability between partners and strengthening our combined defence industrial base.

    38 . Ministers announced their intent to sign a bilateral AUKUS treaty between the UK and Australia on Saturday, 26 July. The Treaty is a landmark agreement, which will underpin the next 50 years of UK-Australian bilateral cooperation under AUKUS Pillar I.

    39 . The Treaty will enable comprehensive cooperation on the design, build, operation, sustainment, and disposal of our SSN-AUKUS submarines; support the development of the personnel, workforce, infrastructure and regulatory systems required for Australia’s nuclear-powered submarine program; and realise increased port visits and the rotational presence of a UK Astute Class submarine at HMAS Stirling under Submarine Rotational Force – West.

    40 . The Treaty will enable our two countries to deliver a cutting-edge undersea capability through the SSN-AUKUS, in conjunction with our partner the US. Through working together we are supporting stability and security in the Indo-Pacific and beyond for decades to come, creating thousands of jobs, strengthening our economies and supply chains, building our respective submarine industrial bases and providing new opportunities for industry partners.

    41 . Ministers welcomed the significant progress made towards delivering Pillar I, including the entry into force of the AUKUS Naval Nuclear Propulsion Agreement between Australia, the UK and US on 17 January 2025 and the progress in design of the SSN-AUKUS submarines that will be operated by the RN and the Royal Australian Navy (RAN).

    42 . Ministers welcomed the UK’s June commitment, in its Strategic Defence Review, to build up to 12 SSN-A submarines, and continuous submarine production through investments in Barrow and Raynesway that will allow the UK to produce a submarine every 18 months, and recognised the UK’s additional investment to transform the UK’s submarine industrial base.

    43 . Ministers reaffirmed Australia and the UK’s strong and ongoing commitment to the delivery of the AUKUS Optimal Pathway. Reflecting the UK’s enduring dedication to this partnership, and long-standing engagement in the Indo-Pacific, Ministers welcomed the planned deployment of a RN submarine to undertake a port visit to Australia in 2026, delivering a varied programme of operational and engagement activities. The visit will support preparations for the establishment of the Submarine Rotational Force – West from as early as 2027, and represents another step forward on the shared path towards the delivery of SSN-AUKUS – ensuring our navies are ready, integrated, and capable of operating together to promote security and stability in the region.

    44 . Ministers underscored the importance of ensuring Australia’s acquisition of a conventionally-armed, nuclear-powered submarine capability sets the highest non-proliferation standard, and endorsed continued close engagement with the International Atomic Energy Agency.

    45 . Ministers affirmed their commitment under AUKUS Pillar II to continue to deliver tangible advanced capabilities to our defence forces and welcomed progress to date. By leveraging advanced technologies, our forces become more than the sum of their parts. They underlined the importance of Pillar II in streamlining capability acquisition and strengthening our defence innovation and industry sectors.

    46 . As part of Talisman Sabre 25, AUKUS partners participated in Maritime Big Play activities as well as groundbreaking AI and undersea warfare trials. The partners tested the remote operation of the UK’s Extra Large Unmanned Underwater Vehicle, Excalibur, controlled from Australia while operating in UK waters. The exercise once again accelerated interoperability between our forces and the accelerated integration of remote and autonomous systems.

    47 . Ministers noted the successful UK E-7A Seedcorn training program in Australia. The program, which is set to conclude in December 2025, was established to preserve a core of Airborne Early Warning and Control expertise within the Royal Air Force (RAF) and to lay a strong foundation for the introduction of the UK’s own Wedgetail aircraft. Thanks to the exceptional support of the Royal Australian Air Force (RAAF), since its inception in 2018, 30 RAF personnel – including pilots, mission crew, engineer officers, aircraft technicians, and operations specialists – have benefited from world-class training and exposure to the Wedgetail capability.

    48 . Ministers welcomed the upcoming deployment of a RAAF E-7A Wedgetail to Europe in August under Operation Kudu to help protect vital supply lines for humanitarian aid and military assistance into Ukraine. Delivering upon the vision for true interchangeability detailed in the Wedgetail Trilateral Joint Vision Statement in 2023, this deployment will see the Wedgetail jointly crewed by Australian and British service members in a live operational setting.  Ministers also welcomed Australia’s decision to extend support for training Ukrainian personnel under Operation Interflex, through Operation Kudu, to the end of 2026. Australia and the UK will also continue to work closely together to share insights and observations from the conflict.

    49 . Ministers reiterated their nations’ continued investment in the Five Power Defence Arrangements (FPDA) as a unique multilateral arrangement that plays a constructive role in building habits of cooperation and enhancing the warfighting capabilities of its members. They look forward to Exercise Bersama Lima 2025 which will feature high-end warfighting serials and next-generation assets such as Australia’s F-35s and the UK’s Carrier Strike Group.

    50 . Ministers affirmed their shared ambition to conduct a bilateral defence industry dialogue at both the Senior Official and Ministerial levels, providing a forum to deepen defence industry collaboration, enhance joint capability development, and cooperate on procurement reform to ensure improved efficiency in capability acquisition and sustainment.

    51 . Ministers agreed to deepen cooperation on using Active Electronically Scanned Array (AESA) radar technology in both nations. This includes exploring the potential of using Australian AESA radar technologies for UK integrated air and missile defence applications. They agreed to undertake a series of targeted risk reduction activities in the near future to inform future decisions.”

    52 . Ministers agreed to progress personnel exchanges that support the future combat effectiveness of the Australian Hunter Class and British Type 26 Frigates. To support the introduction of these platforms into service, the RAN and RN will undertake a series of maritime platform familiarisation activities that enable our people to gain experience in critical capabilities, including underwater and above water weapon systems, primary acoustical intelligence analysis, and overall signature management.

    53 . Ministers agreed to strengthen their sovereign defence industries through closer collaboration between the UK’s Complex Weapons Pipeline and Australia’s Guided Weapons and Explosive Ordnance Enterprise. As a first step the Ministers announced a collaborative effort to develop modular, low cost components for next-generation weapon systems.

    54 . Ministers acknowledged the shared legacy and the contribution of veterans to the bilateral relationship. They reaffirmed their commitment to identify avenues for closer collaboration on improving veterans’ health and transition services.

    Partnering on trade, climate and energy

    55 . Ministers agreed to work closely to safeguard and strengthen the role that free and fair trade and the rules-based multilateral trading system plays in economic prosperity and building resilience against economic shocks.

    56 . Ministers reaffirmed the importance of the rules-based multilateral trading system, with the World Trade Organization (WTO) at its core, to economic security and prosperity. Ministers agreed to deepen cooperation to reform and reposition the Organization, and the broader global trading system, to meet the trade challenges of the new economic and geopolitical environment. Ministers agreed to continue working together to overcome blockages in multilateral rulemaking, including by working in smaller and more agile plurilateral groupings to address contemporary challenges, such as non-market policies and practices, which could complement ongoing multilateral efforts. They welcomed cooperation on plurilateral rulemaking, including efforts to have the E-Commerce Agreement incorporated into WTO architecture and brought into force as soon as possible. They reaffirmed the importance of restoring a fully-functioning dispute settlement system as soon as possible, welcoming the UK’s decision to join the Multi-Party Interim Appeal Arbitration Arrangement (MPIA) while our countries work to fix the system.

    57 . Ministers welcomed the entry into force of the UK’s accession to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) in December 2024 and welcomed Australia as 2025 Chair. Ministers affirmed the need to work cooperatively together to ensure the CPTPP remains high standard and fit-for-purpose in addressing evolving challenges through continued progress on the CPTPP General Review and expansion of the membership. They looked forward to planned CPTPP trade and investment dialogues with the EU and with ASEAN.

    58 . Ministers welcomed the second meeting of the Australia-United Kingdom Free Trade Agreement (A-UKFTA) Joint Committee on 3 June which celebrated the strong and growing trade and investment relationship between the UK and Australia and the strong uptake of the agreement’s benefits.

    59 . Ministers welcomed close engagement on economic security under the annual United Kingdom-Australia Economic Security Dialogue, noting that its establishment by AUKMIN in 2023 was timely in preparing for future needs. They reflected on the closer integration of our analysis capabilities and committed to a joint-funded track 1.5 to generate practical insights and informal policy dialogue that will inform our joint economic security efforts.

    60 . As both countries continue to develop their bilateral partnership through the UK-Australia FTA, the Economic Security Dialogue, and other fora, Ministers committed to deepening cooperation in key sectors of mutual interest. Ministers view this as an opportunity to explore new areas of collaboration and share best practices in the interests of boosting bilateral trade and investment, facilitating innovation and research, and supporting our mutual economic security and resilience. This year, officials in relevant departments will compare approaches with the aim to identify areas of common interest or complementary strength and discuss further opportunities for related cooperation. This may include initiatives to advance supply chain resilience, frontier research, investment promotion, public finance cooperation, and effective regulation.

    61 . Ministers affirmed the calls in the Global Stocktake under the Paris Agreement for countries to come forward in their next NDCs with ambitious emissions reduction targets aligned with keeping 1.5 degrees within reach. In that context, Ministers recognised the immense economic opportunities in ambitious climate action and a rapid transition to renewable energy. Ministers welcomed the UK’s ambitious NDC and looked forward to Australia’s NDC and Net-Zero Plan. Ministers further welcomed the report released by the UN Secretary General titled ‘Seizing the Moment of Opportunity: Supercharging the new energy era of renewables, efficiency, and electrification’ that highlighted the compelling economic case for the rapidly declining cost of renewable energy, and the rapidly growing role of the clean energy economy in powering jobs and economic growth. Ministers affirmed their determination to fulfil multilateral climate commitments and reiterated the importance of reforming the finance system and improving access to climate finance for developing countries. Ministers recommitted to building nature-positive economies to support a central theme of Brazil’s COP Presidency. The UK reiterated its support for Australia’s bid to host COP31 in partnership with the Pacific and expressed the hope that a decision would soon be reached. Ministers welcomed UK sharing its hosting experience and agreed to explore secondments to support COP31 planning. The UK and Australia welcome the close collaboration between our countries in the Intergovernmental Negotiating Committee (INC) negotiations for an international legally binding instrument on plastic pollution, including through our shared membership of the High Ambition Coalition to End Plastic Pollution. At this critical juncture ahead of INC-5.2, the final opportunity to secure an agreement, we call upon all members of the INC to recommit to working constructively to achieve an effective comprehensive agreement that addresses the full lifecycle of plastic. We recognise that Commonwealth countries are particularly affected by plastic pollution and in that regard we renew our commitment to collaborating through the Commonwealth Clean Ocean Alliance, to tackle plastic pollution in the commonwealth. Ministers pledged to deepen collaboration through the UK-Australia Climate and Clean Energy Partnership.

    62 . Ministers welcomed close cooperation to support the development of resilient critical mineral supply chains governed by market principles. This includes developing a roadmap to promote a standards-based market to reflect the real costs of responsible production, processing and trade of critical minerals as agreed at the recent G7 meeting on 17 June. Ministers agreed upon the importance of the sustainable and responsible extraction and processing of critical minerals for the energy transition, and committed to working together on solutions. These include the new Critical Minerals Supply Finance developed by UK Export Finance (UKEF) which can provide finance support to overseas critical minerals projects that supply the UK’s high-growth sectors. UKEF has up to £5bn in finance support available for projects in Australia and will work closely with Export Finance Australia. Ministers also undertook to ensure the UK is consulted on the design and implementation of Australia’s Critical Minerals Strategic Reserve.

    63 . Ministers discussed the leading roles being played by Australia and the UK in the full and effective implementation of the Biodiversity Beyond National Jurisdiction (BBNJ) Agreement welcoming in particular Australia’s role as Co-Chair of the Preparatory Commission. Ministers were encouraged by each country’s progress towards ratification of the treaty, which is a landmark agreement for protection of the world’s ocean.

    64 . Ministers discussed the increasing geostrategic, climatic, and resource pressures on the Antarctic and Southern Ocean region and reaffirmed their shared and long-standing commitment to the Antarctic Treaty System (ATS). Ministers committed to upholding together the ATS rules and norms of peaceful use, scientific research, international cooperation and environmental protection, and to deepen understanding of the impact of climate change on the oceans and the world through Antarctic research including in the context of the International Polar Year of 2032/33. Ministers welcomed the United Kingdom’s chairing of CCAMLR for 2024-5 and 2025-6.

    65 . Ministers agreed on the importance of ensuring all children have the right to grow up in a safe and nurturing family environment. Ministers recognised the transformative impact on children’s health, capacity to learn and economic prospects that growing up in a family-based environment can have. Ministers acknowledged the UK’s Global Campaign on Children’s Care Reform and agreed to work together to drive international awareness and demonstrate their commitment to children’s care reform.

    66 . Ministers reiterated their commitment to upholding shared values and continuing to invest in sustainable development, gender equality, disability equity and social inclusion, which underpin global prosperity. To support sustainable development, Ministers agreed to deepen cooperation with emerging donors of development assistance, to diversify funding, enhance development effectiveness, share lessons and build trust and transparency with partners. Ministers committed to work together to deliver sustainable solutions for Small Island Developing States (SIDS), recognising their unique vulnerabilities and to ensure meaningful engagement in international processes, including ODA graduation.

    Media enquiries

    Email newsdesk@fcdo.gov.uk

    Telephone 020 7008 3100

    Email the FCDO Newsdesk (monitored 24 hours a day) in the first instance, and we will respond as soon as possible.

    Updates to this page

    Published 25 July 2025

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Appointments to the Board of Royal Botanic Gardens, Kew

    Source: United Kingdom – Executive Government & Departments

    News story

    Appointments to the Board of Royal Botanic Gardens, Kew

    Three new appointments and two reappointments made

    A series of appointments and reappointments have been made to the Board of Royal Botanic Gardens, Kew.

    Dame Dervilla Mitchell, Dr Fiona Pathiraja and Sarah Greasley have been appointed as Trustees. Dervilla and Fiona’s four-year terms commenced on 1 July 2025. Sarah’s four-year term will commence on 1 October 2025.

    Steve Almond and Kate Priestman have been reappointed as Trustees for a second term of four years from 2 October 2025 to 1 October 2029.

    These appointments have been made in accordance with the Governance Code on Public Appointments published by the Cabinet Office. All appointments are made on merit and political activity plays no part in the selection process.

    Biographies

    Dame Dervilla Mitchell

    Dervilla is an experience engineering leader who has been involved in significant infrastructure programmes at Heathrow, Dublin and Abu Dhabi airports. She has also led the design of a range of new build and renovation projects in different sectors. She spent the majority of her career at Arup, a trust-owned organisation, latterly serving as Global Deputy Chair and Ethics Director.

    She became involved in the decarbonisation agenda whilst a member of the Council for Science and Technology and subsequently took on the role of Chair of the National Engineering Policy Centre’s decarbonisation working group. Her non-executive experience has been gained through Trustee roles as Vice President of the Royal Academy of Engineering and serving as a school governor at three different girls’ schools in London.

    She was awarded a DBE for Services to Engineering in 2024, having previously received a CBE in 2014. She has received Honorary Doctorates from University College Dublin, as well as Imperial College London, where she now sits on the Industry Advisory Board for the Department of Civil and Environmental Engineering.

    Dr Fiona Pathiraja

    Fiona is an investor and philanthropist. She is Managing Partner of Crista Galli Ventures, a pan-European healthtech venture capital firm. She serves on several boards and is currently a trustee of the Royal College of Physicians and the Royal College of Arts. Fiona leads philanthropic endeavours at IPQ Capital, her Family Office, and is vice-chair of London Business School’s fundraising board.

    A former NHS consultant radiologist at University College London Hospital, Fiona has held a range of strategic and leadership roles across healthcare, including Clinical Advisor to the Department of Health and Social Care. She is a Fellow of the Royal College of Radiologists, a Member of the Faculty of Public Health, and holds Master of Business Administration and Master of Public Health degrees. Fiona is an advocate for greater diversity in technology and investment.

    Sarah Greasley

    Sarah is an accomplished technology leader with more than 40 years’ expertise working in both the technology and financial services industries. She was Solutions Architecture Director for Europe, Middle East and Africa at Amazon Web Services, and prior to that, she was Group Chief Technology Officer at Direct Line Group and a Distinguished Engineer at IBM. She has a broad range of leadership experience across new technologies, strategy, risk and resilience. She also has a strong focus on increasing diversity, equity and inclusion.

    She has a degree in Mathematics from the University of Cambridge and is a Chartered Fellow of the British Computing Society, as well as a Fellow of the Institute of Engineering and Technology. Sarah is a Trustee of the British Exploring Society and a Governor at Charterhouse School.

    Steve Almond

    After obtaining a BA in History at Royal Holloway College, University of London, Steve trained as a Chartered Accountant at Deloitte and spent much of his career there as an Audit Partner specialising in the financial services industry. He worked in a variety of roles for 16 years on the Deloitte UK Executive and, concurrently, eight years on the Global Executive. He has a wealth of experience advising large company boards and audit committees and served for 10 years on the board of Deloitte UK. In 2011, he was elected Chairman of Deloitte’s Global Board. In that capacity, he represented Deloitte on various external bodies, including the Accounting for Sustainability Advisory Board; International Integrated Reporting Council; Social Progress Index Advisory Board; and the World Business Council for Sustainable Development.

    Kate Priestman

    Kate has worked in the biopharma industry for over 25 years and is currently Chief Corporate and External Affairs Officer at CSL. Before joining CSL, Kate served as Senior Vice-President of R&D Strategy and Portfolio at GlaxoSmithKline, focused on the development of transformational medicines and vaccines. Kate also serves as a Non-Executive Director at Oxford Nanopore Technologies PLC. Kate’s career has spanned roles in commercial, corporate governance, communications and government affairs, following an early career at the BBC as a presenter and documentary maker. In her spare time, Kate is an artist and creator of a popular design blog; her work inspired an installation in the Chicago Botanic Garden in 2016 and is used in schools as part of the creative arts curriculum.

    Updates to this page

    Published 25 July 2025

    MIL OSI United Kingdom

  • MIL-OSI Europe: ECB appoints Isabel Vansteenkiste as Counsellor to President Lagarde

    Source: European Central Bank

    25 July 2025

    • Isabel Vansteenkiste to become Principal Counsellor to the President and Coordinator of the Counsel to the Executive Board
    • Her predecessor Roland Straub to become Deputy Director General Market Operations
    • Both appointments effective as of 15 September 2025

    The Executive Board of the European Central Bank (ECB) has appointed Isabel Vansteenkiste, currently Director General International and European Relations, as Principal Counsellor to the President and Coordinator of the Counsel to the Executive Board. Ms Vansteenkiste will take up her new role on 15 September 2025. In this role, she will advise the President on a wide range of economic and strategic policy matters and support preparations for Executive Board and Governing Council meetings, as well as for high-level international engagements. She will also oversee the work of the Counsel to the Executive Board. Ms Vansteenkiste succeeds Roland Straub, who has been appointed Deputy Director General Market Operations as of the same date.

    “I am very much looking forward to working with Isabel Vansteenkiste in her new role and would like to express my heartfelt gratitude to Roland Straub for his hugely valuable contributions and unwavering commitment over many years, which I know will continue in his new role,” said ECB President Christine Lagarde.

    As Deputy Director General Market Operations, Mr Straub will play a pivotal role in shaping the strategy and work agenda of the Directorate General Market Operations. The Directorate General is responsible for preparing and implementing monetary policy and foreign exchange operations, managing the ECB’s foreign reserves and monitoring market developments. Mr Straub joined the ECB in 2007 and previously served as Counsellor to former ECB President Mario Draghi and former Executive Board member Benoît Cœuré, as well as holding positions in the areas of research and international and European relations. He holds a master’s degree in economics from Goethe University Frankfurt and a PhD in economics from the European University Institute in Florence.

    Ms Vansteenkiste has been at the ECB for 23 years, holding various professional and senior managerial roles in areas including international and European relations, economics and monetary policy. In her current position, she oversees monitoring and analysis of global economic trends and supports the Executive Board in formulating policy positions on international, EU and euro area matters. She holds a PhD in economics from KU Leuven.

    For media queries, please contact Eszter Miltényi-Torstensson, tel.: +49 171 7695305.

    Notes

    MIL OSI Europe News

  • MIL-OSI Africa: SA signs US$474.6 million loan for Just Energy Transition

    Source: Government of South Africa

    Friday, July 25, 2025

    South Africa and the African Development Bank (AfDB) have signed a US$474.6 million loan agreement aimed at supporting the implementation of the Just Energy Transition (JET).

    The loan agreement with the AfDB follows the first policy loan concluded in 2023 to support South Africa’s Just Energy Transition. 

    “This new agreement highlights the importance of South Africa’s partnership with the AfDB in advancing South Africa’s development agenda. It strengthens efforts to improve energy security measures, accelerate the decarbonisation of the economy, and enhance the socio-economic benefits of the energy transition enabling inclusive economic growth and fostering job creation,” National Treasury said on Thursday.

    This loan is part of the third Development Policy Operation which includes participation from the World Bank, KFW Development Bank, Japan International Cooperation Agency, and the Organisation of the Petroleum Exporting Countries Fund for International Development (OPEC Fund) to support structural reforms to enhance the efficiency, resilience, and sustainability of the country’s infrastructure services.

    It offers favourable concessional financial terms at a nominal value of US$474.6 million with a maturity of 15 years and a 3-year grace period at an interest rate of a daily Secured Overnight Financing Rate (SOFR) plus 1.22%.

    “The National Treasury wishes to express its appreciation to the AfDB for its continued partnership and support of South Africa’s development objectives. 

    “This includes efforts to implement critical reforms in the energy and transport sectors, while also advancing the country’s Just Energy Transition goals and meeting foreign currency commitments at lower interest rates.” – SAnews.gov.za

    MIL OSI Africa

  • MIL-OSI Africa: Hlabisa to lead third roundtable with business on local government review

    Source: Government of South Africa

    The Minister of Cooperative Governance and Traditional Affairs (CoGTA), Velenkosini Hlabisa, will lead the third CoGTA–National Business Initiative (NBI) Roundtable on the review of the 1998 White Paper on Local Government.

    According to the department, Hlabisa will be joined by Deputy Minister Dr Namane Dickson Masemola at the East London International Convention Centre in East London on Wednesday, 30 July 2025.

    The roundtable, themed ‘Every Municipality Must Work – A Call to Collective Action’, is part of an inclusive policy reform process aimed at shaping a modern and effective local government system.

    This engagement will allow the business sector to reflect on the legacy and limitations of the 1998 White Paper and identify policy priorities for a renewed local government framework. 

    The platform will also offer practical recommendations from business and provincial perspectives and strengthen partnerships to improve governance and infrastructure delivery.

    “Efficient local government is critical to economic growth and business sustainability. Poor service delivery increases operational costs, disrupts business, and threatens jobs. 

    “This roundtable offers business leaders a platform to influence policies that reduce investment risk and foster a conducive business environment,” the advisory read. 

    Attendees will include business leaders, key economic institutions, Buffalo City Metro executive leadership, NBI, local business chambers in the Eastern Cape, and other private sector stakeholders. 

    In April this year, Hlabisa officially published a discussion document on the Review of the 1998 White Paper on Local Government. 

    This represents a significant and necessary step towards creating a reimagined and results-oriented local government system in South Africa.

    This document, published under Notice No. 6118 (Gazette: 52498), initiates a national discussion aimed at producing a revised White Paper on Local Government by March 2026.

    According to the department, the review aims to incite fresh thinking, honest reflection, and decisive action toward building a fit-for-purpose local government system that truly serves the people of South Africa. 

    In addition, the document aims to assess and revise outdated assumptions of the 1998 White Paper on Local Government and strengthen cooperative governance among the three spheres of government. 

    The initiative aims to align reforms with related efforts, including amendments to the Municipal Finance Management Act (MFMA), the Municipal Structures Act, and the Spatial Planning and Land Use Management Act (SPLUMA). 

    It also seeks to enhance integration with traditional leadership, improve community participation, and address systemic challenges, such as municipal financial sustainability, over-politicisation, climate risk, and spatial inequality. – SAnews.gov.za

    MIL OSI Africa

  • MIL-OSI Europe: Results of the ECB Survey of Professional Forecasters for the third quarter of 2025

    Source: European Central Bank

    25 July 2025

    • Headline inflation expectations revised down for 2025-26 but unchanged for 2027 and the longer term; expectations for HICP inflation excluding energy and food revised down slightly for 2026 and 2027 to 2.0%
    • Tariffs expected to have a small downward impact on inflation in the nearer term (-0.06 percentage points in both 2025 and 2026), but to be broadly neutral on balance in 2027 and the longer term (2030)
    • Real GDP growth expectations revised up by 0.2 percentage points for 2025 and down by 0.1 percentage points for 2026; growth expectations for 2027 and the longer term unchanged
    • Unemployment rate expectations broadly unchanged

    Respondents’ expectations for headline inflation, as measured by the Harmonised Index of Consumer Prices (HICP), were 2.0% for 2025, 1.8% for 2026 and 2.0% for 2027. Expectations were revised down by 0.2 percentage points for 2025 and 2026 compared with the previous survey (conducted in the second quarter of 2025) but were unchanged for 2027. Expectations for core HICP inflation, which excludes energy and food, were revised down slightly for 2026 and 2027. Longer-term expectations for both headline inflation and core HICP inflation were unchanged at 2.0%.

    Respondents expected real GDP growth of 1.1% in 2025 and 2026 and 1.4% in 2027. Compared with the previous survey, expectations were revised up by 0.2 percentage points for 2025 but down by 0.1 percentage points for 2026. Growth expectations for 2027 and for the longer term remained unchanged at 1.4% and 1.3% respectively.

    The expected trajectory of the unemployment rate was broadly unchanged. The unemployment rate is expected to average 6.3% in 2025 and 2026 and then to fall to 6.2% in 2027, where it is expected to remain in the longer term (expectations for 2027 were revised marginally down by 0.1 percentage points).

    MIL OSI Europe News

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

    Source: European Central Bank

    25 July 2025

    Components of the broad monetary aggregate M3

    The annual growth rate of the broad monetary aggregate M3 decreased to 3.3% in June 2025 from 3.9% in May, averaging 3.7% in the three months up to June. The components of M3 showed the following developments. The annual growth rate of the narrower aggregate M1, which comprises currency in circulation and overnight deposits, decreased to 4.6% in June from 5.1% in May. The annual growth rate of short-term deposits other than overnight deposits (M2-M1) was -1.1% in June, compared with -0.1% in May. The annual growth rate of marketable instruments (M3-M2) decreased to 10.4% in June from 11.5% in May.

    Chart 1

    Monetary aggregates

    (annual growth rates)

    Data for monetary aggregates

    Looking at the components’ contributions to the annual growth rate of M3, the narrower aggregate M1 contributed 2.9 percentage points (down from 3.2 percentage points in May), short-term deposits other than overnight deposits (M2-M1) contributed -0.3 percentage points (down from 0.0 percentage points) and marketable instruments (M3-M2) contributed 0.7 percentage points (down from 0.8 percentage points).

    Among the holding sectors of deposits in M3, the annual growth rate of deposits placed by households decreased to 3.3% in June from 3.5% in May, while the annual growth rate of deposits placed by non-financial corporations decreased to 1.5% in June from 2.7% in May. Finally, the annual growth rate of deposits placed by investment funds other than money market funds decreased to 13.1% in June from 15.4% in May.

    Counterparts of the broad monetary aggregate M3

    The annual growth rate of M3 in June 2025, as a reflection of changes in the items on the monetary financial institution (MFI) consolidated balance sheet other than M3 (counterparts of M3), can be broken down as follows: claims on the private sector contributed 2.6 percentage points (up from 2.4 percentage points in May), net external assets contributed 2.4 percentage points (down from 2.5 percentage points), claims on general government contributed 0.0 percentage points (down from 0.2 percentage points), longer-term liabilities contributed -1.1 percentage points (as in the previous month), and the remaining counterparts of M3 contributed -0.6 percentage points (down from -0.1 percentage points).

    Chart 2

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

    (percentage points)

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

    Claims on euro area residents

    The annual growth rate of total claims on euro area residents stood at 2.0% in June 2025, compared with 1.9% in the previous month. The annual growth rate of claims on general government decreased to 0.1% in June from 0.6% in May, while the annual growth rate of claims on the private sector increased to 2.7% in June from 2.5% in May.

    The annual growth rate of adjusted loans to the private sector (i.e. adjusted for loan transfers and notional cash pooling) increased to 3.0% in June from 2.8% in May. Among the borrowing sectors, the annual growth rate of adjusted loans to households increased to 2.2% in June from 2.0% in May, while the annual growth rate of adjusted loans to non-financial corporations increased to 2.7% in June from 2.5% in May.

    Chart 3

    Adjusted loans to the private sector

    (annual growth rates)

    Data for adjusted loans to the private sector

    Notes:

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

    MIL OSI Europe News

  • MIL-OSI Africa: Her Excellency (H.E.) Bridget Motsepe-Radebe to Headline WomenIN Festival 2025 as Keynote Speaker

    Source: APO

    The WomenIN (WiN) (www.WeAreWomenIN.com) Festival is proud to announce Her Excellency Bridget Motsepe-Radebe, Chairman & Founder of Mmakau Mining and Ambassador for Economic Development at the Pan-African Parliament, as the official keynote speaker for the highly anticipated WomenIN Festival 2025, taking place from 13–14 November 2025 in Cape Town, South Africa.

    Renowned for her bold leadership, advocacy for gender and economic equality, and trailblazing legacy in the mining sector, H.E. Motsepe-Radebe has consistently broken barriers and redefined power and influence on the continent. Her presence at this year’s festival is set to ignite conversations, inspire generations, and elevate the mission of WomenIN — to connect, empower, and celebrate women across industries and borders.

    “Having H.E. Bridget Motsepe-Radebe headline this year’s WomenIN Festival is a full-circle moment for so many of us,” says Naz Fredericks Maharaj, Director of the WomenIN Portfolio. “She is a living symbol of what it means to lead with both courage and conviction. Her voice reflects the essence of this year’s theme — Limitless. No Labels. No Limits. No Apologies. We are honoured to welcome her to the stage, and even more excited for what her message will unlock in every woman attending this year’s festival.”

    The WomenIN Festival brings together women leaders, entrepreneurs, creatives, and changemakers from diverse sectors including mining, energy, mobility, finance, fashion, media, and the green economy. With a curated program of thought-provoking dialogues, fireside chats, capacity-building sessions, live activations, and power networking, the festival is a movement — not just a moment.

    This keynote announcement marks the first of many exciting speaker and program reveals as the WomenIN team rolls out its boldest edition yet.

    Tickets are officially on sale — reserve your seat and be part of a movement that’s shaking the world:

    Visit www.WeAreWomenIN.com to get your ticket, sponsor someone else’s, or explore partnership opportunities.

    Come as you are. Leave ignited.

    Distributed by APO Group on behalf of VUKA Group.

    Additional Links:
    Website: www.WeAreWomenIN.com
    Link to tickets : https://apo-opa.co/450gy1h

    WomenIN (WiN): Empowering Women, Breaking Barriers, Creating Impact
    WomenIN is a powerful cross-sector movement that connects, inspires, and uplifts women across Africa through collaboration, leadership, and sustainable development. From energy and mobility to retail, gaming, and the green economy, WiN is driving real change by building inclusive ecosystems where women can thrive.

    Through a range of in-person gatherings, digital content, workshops, and sector-specific initiatives, WomenIN provides a trusted platform for female professionals, entrepreneurs, changemakers, and allies to grow together, break silos, and co-create solutions for Africa’s future. With a strong focus on capacity building, leadership development, and market access for female-owned businesses, WomenIN is building a legacy of impact for generations to come.

    Whether you’re a corporate, NPO, SMME, or individual changemaker, there is space for you at the table—because we win when we WiN together.

    For more information, please visit: www.WeAreWomenIN.com or contact our team at info@wearewomenin.com.

    ABOUT VUKA Group:
    VUKA Group brings people and organisations together to connect with information and each other in meaningful conversations that drive growth and transformation across Africa’s industries. With 20+ years of experience on the continent, the group delivers sector-leading platforms across Energy, Mining, Smart Mobility, Transport, Retail, and Women Empowerment.

    The WomenIN (WiN) portfolio is a flagship initiative of VUKA Group, championing gender inclusivity and creating opportunities for women to lead, influence, and innovate across sectors. With a proudly African team and a commitment to sustainable development, VUKA is creating a future where everyone has the opportunity to rise.

    Learn more at: www.WeAreWomenIN.com

    Media files

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    MIL OSI Africa

  • MIL-OSI Africa: The Gambia: African Development Fund Approves $19.93 Million Grant to Tackle Fragility and Expand Opportunities for Rural Youth and Women

    Source: APO

    The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved $19.93 million grant funding for the Resilience Building – Vulnerable Youth and Women Support Project, designed to improve access to basic social services for underserved communities in The Gambia.

    The initiative seeks to address the root causes of poverty and irregular migration by creating sustainable livelihoods and tackling early signs of fragility and preventing structural drivers of conflict and instability in the targeted region. It forms part of the Bank’s scaled-up prevention agenda under the Prevention Envelope of the Transition Support Facility (TSF), which emphasizes early response to fragility risks and systematic drivers of conflict.

    The Gambia faces severe economic challenges, with 53.4% of the population living below the poverty line. Poverty is particularly severe in rural areas, affecting 76 percent of residents, compared to 34 percent in urban areas. Youth unemployment stands at 38.6%, with women disproportionately impacted — 1.3 unemployed women for every unemployed man. These socio-economic disparities, coupled with limited access to services, are major push factors fuelling irregular migration and social instability.

    Although the country has achieved robust electricity access nationwide, glaring regional inequalities persist. In areas such as Kuntaur and Janjanbureh, fewer than one in four people have access to electricity, compared to 95 percent in the capital. Additionally, one in four children suffers from malnutrition. By targeting these gaps, the project aims to renew the social contract and foster community resilience.

    “This project represents our commitment to tackling the foundational causes of fragility, poverty, exclusion, and lack of opportunity, by investing in people and systems that build community resilience and hope,” said Dr. Joseph Ribeiro, African Development Bank Deputy Director General for West Africa, and Country Manager for The Gambia. “Through the TSF Prevention Envelope, we are acting early to prevent conflict and youth migration by fostering inclusive growth, gender equality, and institutional stability, while building foundations for sustainable livelihoods that will keep families and communities together.”

    The project will directly create 1,500 jobs, enhance productivity for 5,000 existing positions, and provide annual skills training to 500 youth in high-demand sectors such as agriculture, engineering, ICT, and renewable energy. In addition, support will be extended to 500 women-led micro and small enterprises and 50 women’s cooperatives.

    Key investments in health infrastructure will include rehabilitating four primary health facilities vulnerable regions, including Basse, Kuntaur, and Janjanbureh, where maternal mortality and child malnutrition rates exceed national averages. Enhanced nutrition surveillance systems will enable early detection for 22,000 children and facilitate treatment for 1,000 children requiring specialized care.

    Food insecurity has surged, rising from 13.4 percent in 2021 to 29 percent in 2023, with peaks of 61 percent in areas such as Kuntaur. The project will address this crisis by promoting climate-smart agriculture and strengthening local values chains to improve food security and reduce vulnerability to climate shocks.

    Financial inclusion is a core pillar of the intervention. With 77 percent of Gambian youth currently excluded from formal financial services, the project will establish dedicated credit lines and provide business development support to unlock entrepreneurship, particularly for women who face systemic barriers to accessing capital and markets.

    The initiative also includes scaling up efforts to tackle gender-based violence and inequality, and capacity-building for government institutions to enhance data-driven policymaking and long-term monitoring of fragility trends.

     Civil society organisations, including the Association of Non-Governmental Organizations (TANGO), will be central to ensuring the project is inclusive, participatory, and aligned with national priorities.

    Distributed by APO Group on behalf of African Development Bank Group (AfDB).

    Media Contact:
    Natalie Nkembuh,
    Communication and Media Relations Department
    media@afdb.org

    About the African Development Bank Group:
    The African Development Bank Group is Africa’s premier development finance institution. It comprises three distinct entities: the African Development Bank (AfDB), the African Development Fund (ADF) and the Nigeria Trust Fund (NTF). On the ground in 41 African countries with an external office in Japan, the Bank contributes to the economic development and the social progress of its 54 regional member states. For more information: www.AfDB.org

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    MIL OSI Africa

  • MIL-OSI Russia: Financial news: Information on funds attracted and placed by credit institutions

    Translation. Region: Russian Federal

    Source: Central Bank of Russia –

    An important disclaimer is at the bottom of this article.

    Information on funds attracted by credit institutions

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    The volume of funds attracted by credit institutions from legal entities

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    Volume of savings (deposit) certificates, bonds and bills issued by credit institutions

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

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    MIL OSI Russia News

  • MIL-OSI Russia: Financial news: Individual performance indicators of credit institutions (by groups of credit institutions, ranked by asset size)

    Translation. Region: Russian Federal

    Source: Central Bank of Russia –

    An important disclaimer is at the bottom of this article.

    Information on funds attracted by credit institutions

    Volume of deposits from individuals attracted by credit institutions

    More Collapse –

    The volume of funds attracted by credit institutions from legal entities

    More Collapse –

    Volume of savings (deposit) certificates, bonds and bills issued by credit institutions

    More Collapse –

    Data on the amounts of bills of exchange discounted by credit institutions

    More Collapse –

    Data on the amounts of funds of legal entities and individuals attracted by issuing bills of exchange by credit institutions

    More Collapse –

    Data on the volume of attracted bank deposits

    More Collapse –

    Information on the amount of assets and equity (capital) of credit institutions

    More Collapse –

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

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    MIL OSI Russia News

  • MIL-OSI: Bitcoin Swift Presale Enters Final 24 Hours of Stage 1 with Token Fixed at $1

    Source: GlobeNewswire (MIL-OSI)

    Stage 2 Will Introduce Price Increase and APY Adjustment as Project Prepares for Solana Deployment and AI-Driven Governance Rollout

    LUXEMBOURG, July 25, 2025 (GLOBE NEWSWIRE) — Bitcoin Swift (BTC3), a new decentralized infrastructure protocol focused on AI automation, privacy-first identity, and programmable staking, has officially entered the final 24 hours of its Stage 1 presale. During this period, the token remains available at a fixed price of $1.00 with an annual percentage yield (APY) of 143%, set to adjust at the start of Stage 2. The full presale is scheduled to conclude on September 18, 2025, with a planned launch price of $15.00.

    The limited-time window marks the last opportunity for early participants to gain access to the Bitcoin Swift ecosystem at its initial entry point. Stage 2 of the presale will begin with a 100% price increase and rebalanced staking terms aligned with the protocol’s Proof-of-Yield (PoY) mechanism.

    Building a Programmable Financial Layer

    Bitcoin Swift is introducing what it describes as a “programmable financial operating system” — integrating AI-powered smart contracts, zk-SNARK privacy layers, and decentralized identity for user-based governance.

    Rather than limiting functionality to post-launch phases, BTC3 is designed to allow token holders to interact with key protocol features during the presale itself. Users are able to stake tokens, participate in AI-curated governance decisions, and engage with beta smart contract modules backed by federated AI oracles.

    The platform utilizes a hybrid proof-of-work and proof-of-stake (PoW/PoS) consensus layer while incorporating AI oversight to enhance consensus efficiency and reward accuracy. Its modular design allows Bitcoin Swift to evolve as user behavior and network activity scale.

    Security and Compliance

    Bitcoin Swift has completed KYC verification for its core development team and has undergone audits by both Spywolf and Solidproof. According to project documentation, these evaluations assessed smart contract integrity, tokenomics security, and compliance readiness. A detailed audit summary is available on the Bitcoin Swift website.

    Upcoming Milestones on the Roadmap

    The Bitcoin Swift roadmap includes a staged rollout with the following key deliverables:

    • Q3–Q4 2025: Launch on Solana network; activation of Proof-of-Yield (PoY) rewards and presale utility access
    • Q1 2026: Integration of reinforcement learning modules into the smart contract engine
    • Q2 2026: Deployment of zk-ledger privacy infrastructure and beta release of shielded DeFi tools
    • Q3 2026: Activation of full DAO governance structure with AI-powered voting simulator
    • Q4 2026: Migration from Solana to native BTC3 chain through trustless 1:1 bridge and institutional onboarding

    Each phase represents a tangible product or infrastructure milestone with scheduled delivery dates. The current presale period enables community participation ahead of full mainnet deployment.

    Community and Ecosystem Growth

    Since the start of the presale, Bitcoin Swift has seen growing community engagement on its governance forums and social platforms. The protocol’s on-chain identity framework enables quadratic voting — a mechanism where governance influence is weighted by user reputation and verified credentials, rather than token quantity alone.

    The early traction reflects broader industry interest in decentralized ecosystems that offer programmable value accrual mechanisms and built-in security frameworks. The Proof-of-Yield (PoY) model distributes staking rewards at the close of each presale stage, incentivizing long-term engagement.

    Time-Sensitive Participation Window

    With Stage 1 concluding in less than 24 hours, the Bitcoin Swift presale is entering its first major transition point. Following this window, the token price will double to $2.00, and staking APY will be recalculated based on the updated tokenomics schedule. Only 64 total days have been allocated for the presale, with a hard stop date of September 18, 2025.

    The protocol’s structure offers early participants real-time access to evolving features, rather than requiring them to wait for mainnet activation. This model has attracted interest from a range of developers, users, and prospective governance delegates.

    About Bitcoin Swift

    Bitcoin Swift (BTC3) is a decentralized platform combining AI, privacy technology, and on-chain governance to create a scalable and adaptable financial protocol. It is built with a modular framework that supports programmable smart contracts, zk-SNARK privacy features, and a hybrid consensus mechanism optimized for real-world utility.

    The presale is currently live, with details, documentation, and roadmap updates available on the official website.

    For more information, visit:
    https://bitcoinswift.com

    Contact:
    Luc Schaus
    support@bitcoinswift.com 

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

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

    Photos accompanying this announcement are available at

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