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Category: Business

  • MIL-OSI United Kingdom: UK and India hold high level dialogue in Delhi

    Source: United Kingdom – Government Statements

    World news story

    UK and India hold high level dialogue in Delhi

    Sir Oliver Robbins, Permanent Under-Secretary at the Foreign, Commonwealth & Development Office (FCDO) is in India.

    Sir Oliver Robbins, Permanent Under-Secretary at the Foreign, Commonwealth & Development Office with India’s Foreign Secretary, Shri Vikram Misri

    Sir Oliver Robbins, Permanent Under-Secretary at the Foreign, Commonwealth & Development Office (FCDO) is in India to review progress across the UK and India’s Comprehensive Strategic Partnership. He met India’s Foreign Secretary, Shri Vikram Misri, in New Delhi today [3 June] for the annual UK-India Foreign Office Consultations.

    They welcomed the significant breakthroughs achieved across the full breadth of the partnership since consultations in London last year, including the announcement of the historic trade deal. Economic growth is the number one mission of the UK Government. Both agreed to work towards implementing the shared vision of the two prime ministers for an ambitious partnership between the UK and India over the next decade.

    This year’s consultations included the inaugural Strategic Exports and Technology Cooperation Dialogue, aimed at building mutual understanding of systems and agreeing areas for future cooperation on key sectors such as technology and defence.

    Sir Oliver Robbins, Permanent Under-Secretary at the FCDO, said:

    I’m delighted to be in India to help advance one of the UK’s most vital partnerships in the world. In a more complex world, there is strong ambition from both governments to take this partnership to even greater heights. I’m looking forward to working with Foreign Secretary Misri to make that a reality.

    During the visit, Sir Oliver is also expected to meet a wide range of Indian government partners including on the G20 and home affairs.

    Further information:

    • Sir Oliver Robbins was appointed Permanent Under-Secretary (PUS) at the Foreign, Commonwealth & Development Office (FCDO) in January 2025. As PUS, he is Head of the UK’s Diplomatic Service and the most senior policy adviser to the Foreign Secretary. The PUS is responsible for the management of the FCDO in the UK and its embassies and high commissions around the world.

    • The UK and India agreed a landmark trade deal on 6 May, which will redefine the partnership for the next generation, strengthening trade links, supporting jobs, and delivering shared prosperity. The deal is expected to increase bilateral trade already worth £43 billion by another £25.5 billion.

    • The UK’s Plan for Change sets out milestones the UK Government aims to reach by the end of this Parliament.

    Media

    For media queries, please contact:

    Chloe Barry, Deputy Head of Communications,
    British High Commission, Chanakyapuri,
    New Delhi 110021. Tel: 24192100

    Media queries: BHCMediaDelhi@fcdo.gov.uk

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    Updates to this page

    Published 3 June 2025

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: First schools install Great British Energy solar panels

    Source: United Kingdom – Government Statements

    Press release

    First schools install Great British Energy solar panels

    First 11 schools across England have installed solar panels backed by Great British Energy, saving a total of £175,000 per year.

    • Schools across the country to install new Great British Energy solar panels thanks to government’s £180 million funding to cut bills for schools and hospitals
    • 11 schools have installed solar panels, saving £175,000 per year
    • Savings will be reinvested in schools as part of the government’s Plan for Change to fix public services – while providing clean power for pupils and teachers

    Pupils across the country will benefit from more money for textbooks and teachers, as the first schools are announced in Great British Energy’s rooftop solar rollout to cut energy bills.

    Schools are benefitting from funding for rooftop solar, with the first 11 schools estimated to save £175,000 per year after installing Great British Energy solar panels. The remaining schools set to benefit will be announced this summer, with all schools that are part of the scheme expected to have solar panels installed by the end of the year. 

    It follows the government’s announcement in March to award £180 million of funding for schools and hospitals to install rooftop solar, marking the first major project for Great British Energy – a company owned by the British people, for the British people.

    In England, around £80 million is supporting around 200 schools, alongside £100 million for nearly 200 NHS sites, covering a third of NHS trusts, to install rooftop solar panels that could power classrooms and operations, while giving them the potential to sell leftover energy back to the grid. 

    Great British Energy’s first investment could see millions invested back into frontline services, targeting deprived areas, with lifetime savings for schools and the NHS of up to £400 million over around 30 years.

    Schools and hospitals have been hit with rocketing energy bills in recent years, costing taxpayers millions of pounds, and eating into school budgets. This has been driven by the UK’s dependency on global fossil fuel markets over which government has no control. 

    Energy Minister Michael Shanks said:

    Solar panels on school rooftops mean energy bills are cut and money can be invested directly into improving young people’s education while helping to tackle climate change for the next generation.

    Great British Energy is delivering rooftop solar as part of our Plan for Change that will support communities for generations to come, relieving pressures on our vital public services and ensuring investment is made in the future of our young people.

    Great British Energy Chair Juergen Maier said:

    Within 2 months we are seeing schools supported by our scheme having solar panels installed so they can start reaping the rewards of clean energy – opening up the opportunity for more money to be spent on our children rather than energy bills.

    By partnering with the public sector as we scale up the company, we will continue to make an immediate impact as we work to roll out clean, homegrown energy projects, crowd in investment and create job opportunities across the country.

    Education Minister Stephen Morgan said:

    Through our Plan for Change, this government is supporting schools to save schools thousands on their bills so they can reinvest money saved into ensuring every child gets the best start in life.

    The installation of solar panels will also help pupils to develop green skills, promoting careers in renewables and supporting growth in the clean energy workforce.

    Currently only about 20% of schools have solar panels installed, but the technology has huge potential to save money on bills.

    Estimates suggest that on average, a typical school could save up to £25,000 per year if they had solar panels with complementary technologies installed such as batteries. 

    The funding will support the government’s clean power mission as well as helping to rebuild the nation’s public services. It forms Great British Energy’s first local investment, kickstarting the Local Power Plan and ensuring the benefits of this national mission are felt at a local level, with energy security, good jobs and economic growth. 

    Notes to editors

    The list of hospitals benefitting was announced in March and installations will start to complete this summer.

    The support will target schools with buildings that are able to accommodate solar panels in areas of England most in need. As part of this, government is selecting the schools which will be primarily clustered in areas of deprivation in the North East, West Midlands and North West, as well as at least 10 schools in each region. Each cluster will include a further education college which will work with the contractors appointed to promote careers in renewables to support growth in the construction and renewables workforce. This could be through work placements, skills bootcamps and workshops.

    Backed by £8.3 billion over this Parliament, Great British Energy will own and invest in clean energy projects across the UK. This will range from supporting local energy, like the solar power schemes announced today, to the £300 million invested to support offshore wind supply chains – unlocking significant investment in major clean energy projects that will revitalise the UK’s industrial heartlands with new jobs, alongside securing Britain’s energy supply.

    11 schools to have installed Great British Energy solar panels

    School name Region KW peak (installed capacity) Yearly energy generation (kWh) Simple payback (years) Yearly school bill savings (£)
    Charles Warren Academy South East 20 15,000 8 £4,500
    Feversham Primary Academy Yorkshire and the Humber 53 46,270 5 £13,000
    Harris Academy Chafford Hundred East of England 256 214,300 6 £44,500
    Harris City Academy Crystal Palace London 149 117,250 5 £24,500
    Notre Dame RC School South West 166 150,280 5 £27,000
    Oasis Academy Nunsthorpe Yorkshire and the Humber 92 101,695 4 £22,500
    St Boniface’s RC College South West 86 84,620 7 £13,500
    St Joseph’s Catholic Primary School, Poole South West 37 39,880 5 £8,500
    St Mary’s Catholic Primary School, Axminster South West 13 12,200 12 £2,000
    Westfield Primary Academy East of England 56 54,050 6 £12,000
    Whiteknights Primary School South East 18 16,170 8 £4,500
    Total   945 851,715   £176,000

    Updates to this page

    Published 3 June 2025

    MIL OSI United Kingdom –

  • MIL-OSI New Zealand: Master Builders’ CE Ankit Sharma’s response to Minister Penk’s announcement

    Source: Master Builders – Chief Executive of Master Builders, Ankit Sharma

    Following the Minister’s announcement this morning about building and consent system productivity increases, Master Builders has issued the below statement in response.

    Master Builders welcomes new figures released by the Government today which show we are heading in the right direction when it comes to building consent reform.

    The data, shared by Building and Construction Minister Chris Penk, highlights early improvements in inspection timeframes and progress. We’ve been calling for change to the way consents and inspections are handled for years, and today’s update shows we are now on the right path.

    According to data from the Ministry of Business, Innovation and Employment, 92.7 percent of building consent applications and 96.8 percent of code compliance certificates were processed within the statutory timeframe in the first quarter of 2025.That’s up from 88 percent and 93.6 percent respectively when reporting began last year. These numbers are an encouraging sign that Government’s focus on lifting performance is starting to make a difference on the ground.

    A recent survey of our members shows 71 percent had experienced delays with consenting that had impacted delivery. The current system is fragmented, with 67 different Building Consent Authorities (BCAs) interpreting the same building code in different ways. It is common for identical plans to be submitted to different BCAs and receive different outcomes. Delays of two or three weeks between inspections are common and that has knock-on effects for homeowners, subcontractors, and project planning. That’s why we’re so supportive of reforms that bring clarity, targets, and a risk-based approach.

    We anticipate that as the Government’s work to solidify inspection timeframes continues, we will continue to see these numbers move in the right direction. As always, we look forward to working alongside the Government as this much needed reform of the consenting system continues.

    MIL OSI New Zealand News –

  • MIL-OSI: Tower Semiconductor to Present at IMS 2025 Highlighting Recent Innovations in RF Foundry Technology

    Source: GlobeNewswire (MIL-OSI)

          

    Presenting a joint white paper with pSemi nominated for Best Industry Paper Award highlighting next-generation RF switch technology

    MIGDAL HAEMEK, Israel, June 3, 2025 – Tower Semiconductor (NASDAQ/TASE: TSEM), a leading foundry of high-value analog semiconductor solutions, today announced its participation in the upcoming International Microwave Symposium (IMS) 2025, taking place June 16–21 in San Francisco, California, highlighting its advanced RF & HPA technology platform and latest advancements in RF switch technology. As part of the event’s technical program, Tower will present a jointly developed white paper with pSemi, titled “A Low-Loss, Wideband, 0–110 GHz SPDT Using PCM RF Switches with Integrated CMOS Drivers” nominated for the Best Industry Paper Award at IMS2025.

    This paper highlights a record-breaking wideband single-pole, double-throw (SPDT) switch utilizing Tower Semiconductor’s monolithically integrated PCM RF switches in an RFSOI CMOS process. The key features include ultra-wideband performance (true DC to 110 GHz with less than 2 dB of insertion loss), digital control using integrated CMOS drivers with MIPI RFFE interface (available in the PDK), 30 dBm measured power handling, and 15-20 dB better linearity performance than RFSOI CMOS SPDTs currently available. This combination of ultra low-loss wideband performance, power handling, and full CMOS/digital integration simplifies implementation for end users and enables advanced circuits for 5G, future 6G, SatCom, beamforming, and millimeter-wave applications.

    Presentation schedule:
    A Low-Loss, Wideband, 0-110 GHz SPDT Using PCM RF Switches with Integrated CMOS Drivers
    By Dr. Nabil El-Hinnawy, Principal R&D Engineer, Tower Semiconductor

    As part of the Th1B session: Innovative RF Switches, Varactor and Modulator Technologies (full program details available here).

    Date & Time: June 19, 2025 at 8:20AM
    Location: 205

    To meet with Tower’s engineering team during the conference, visit the Company’s booth #655.
    For additional details on IMS 2025, please visit the event webpage here.
    For additional information about the Company’s RF platform offering, visit here.

    About Tower Semiconductor         
    Tower Semiconductor Ltd. (NASDAQ/TASE: TSEM), the leading foundry of high-value analog semiconductor solutions, provides technology, development, and process platforms for its customers in growing markets such as consumer, industrial, automotive, mobile, infrastructure, medical and aerospace and defense. Tower Semiconductor focuses on creating a positive and sustainable impact on the world through long-term partnerships and its advanced and innovative analog technology offering, comprised of a broad range of customizable process platforms such as SiGe, BiCMOS, mixed-signal/CMOS, RF CMOS, CMOS image sensor, non-imaging sensors, displays, integrated power management (BCD and 700V), photonics, and MEMS. Tower Semiconductor also provides world-class design enablement for a quick and accurate design cycle as well as process transfer services including development, transfer, and optimization, to IDMs and fabless companies. To provide multi-fab sourcing and extended capacity for its customers, Tower Semiconductor owns one operating facility in Israel (200mm), two in the U.S. (200mm), two in Japan (200mm and 300mm) which it owns through its 51% holdings in TPSCo, shares a 300mm facility in Agrate, Italy with STMicroelectronics as well as has access to a 300mm capacity corridor in Intel’s New Mexico factory. For more information, please visit: www.towersemi.com.

    Safe Harbor Regarding Forward-Looking Statements
    This press release includes forward-looking statements, which are subject to risks and uncertainties. Actual results may vary from those projected or implied by such forward-looking statements. A complete discussion of risks and uncertainties that may affect the accuracy of forward-looking statements included in this press release or which may otherwise affect Tower’s business is included under the heading “Risk Factors” in Tower’s most recent filings on Forms 20-F, F-3, F-4 and 6-K, as were filed with the Securities and Exchange Commission (the “SEC”) and the Israel Securities Authority. Tower does not intend to update, and expressly disclaim any obligation to update, the information contained in this release. 

    ###

    Tower Semiconductor Company Contact: Orit Shahar | +972-74-7377440 | oritsha@towersemi.com
    Investor Relations Contact: Liat Avraham | +972-4-6506154 | liatavra@towersemi.com

    Attachment

    The MIL Network –

  • MIL-OSI: Quavo Fraud & Disputes Named “Best Dispute Management & Resolution Solution” by Fintech Futures

    Source: GlobeNewswire (MIL-OSI)

    WILMINGTON, Del., June 03, 2025 (GLOBE NEWSWIRE) — Quavo Fraud & Disputes has been recognized as the winner of the “Best as-a-Service Solution – Dispute Management & Resolution” category at the 2025 Banking Tech Awards USA, hosted by Fintech Futures. The award honors Quavo’s QFD® platform, an end-to-end SaaS solution purpose-built to transform and streamline dispute management for financial institutions and deliver a seamless experience for accountholders.

    This prestigious accolade underscores Quavo’s continued commitment to innovation in fraud and dispute resolution, enabling financial institutions to reduce operational costs, ensure regulatory compliance, and deliver trust-building experiences that foster loyalty among accountholders.

    “This award is a testament to our team’s relentless focus on customer experience, compliance, and AI advancements,” said Chief Product Officer and Co-Founder, David Chmielewski. “By building QFD® with intelligence from the ground up, we’ve created a platform that adapts to change, scales with demand, and earns trust with every interaction.”

    Quavo’s flagship solution, QFD®, is an AI-powered platform built exclusively for financial institutions to automate and streamline the entire dispute lifecycle. The platform delivers a compliant, scalable, and highly automated experience, enabling financial institutions to act quickly and accurately while empowering consumers with transparency and control.

    Now in its fourth year, the Banking Tech Awards USA celebrates the most innovative and impactful achievements across banking and fintech. This year’s competition featured more than 80 leading banks, credit unions, and technology providers across 40+ categories, including technology excellence, leadership, and project implementation.

    About Quavo, Inc.

    Quavo is a leading technology partner and strategic advisor, helping financial institutions (FIs) build trust-driven customer relationships through faster, more transparent dispute resolutions. Our mission is to restore financial trust by simplifying fraud and disputes. Quavo’s award-winning technology automates the entire dispute lifecycle, from intake to resolution. FIs can pair this end-to-end solution with our expert-led back-office investigation team in one turnkey managed service. Scalable for institutions of all sizes, Quavo’s solutions reduce losses, ensure compliance, and enhance customer loyalty. Learn more at www.quavo.com.

    Media Contact:
    Julia Lum
    PR & Events Specialist
    Julia.Lum@quavo.com

    The MIL Network –

  • MIL-OSI: MEXC to Serve as Major Sponsor at Solana Summit APAC 2025, Reinforcing Commitment to SOL Ecosystem Growth

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, June 03, 2025 (GLOBE NEWSWIRE) — MEXC, a leading global cryptocurrency exchange, will participate as one of the Major Sponsors at the upcoming Solana Summit APAC 2025, taking place June 5-7 in Da Nang, Vietnam. The summit will showcase MEXC’s deepening commitment to the Solana ecosystem and introduce innovative community engagement initiatives designed to strengthen partnerships with builders and developers across the region.

    Building Strategic Partnerships in the SOL Ecosystem

    MEXC’s participation at Solana Summit APAC will reinforce the exchange’s position as a trusted partner for Solana builders and innovators. The company’s presence at the summit embodies their core message: “Build on SOL, grow with MEXC.” This strategic positioning will set the stage for an upcoming SOL ecosystem promotion campaign scheduled to launch in late July 2025.

    The three-day summit will attract developers, founders, venture capitalists, and crypto enthusiasts from across the global Solana ecosystem, providing MEXC with a premier platform to engage with key stakeholders and expand its presence within the developer community.

    Interactive On-Site Activations and Community Engagement

    MEXC will launch an innovative Treasure Hunt Activation during the summit, featuring five unique sticker designs incorporating the MEXC logo and QR codes linking to the company’s official social media channels. Participants who locate all five stickers hidden throughout the event venue will be eligible to redeem exclusive co-branded merchandise at the MEXC booth. This gamified approach reflects MEXC’s commitment to fostering meaningful community interactions and creating memorable experiences for summit attendees while amplifying the company’s regional presence.

    Thought Leadership and Industry Expertise

    On June 5, Yuky Tran, COO of MEXC Vietnam, will participate in a panel discussion addressing critical industry challenges. The session, scheduled from 11:05-11:35 AM, will explore “What roles do DEX’s or launchpads play in protecting retail investors from scams?” Tran will join industry leaders including representatives from Outlaw, HawkFi, SecondSwap, and Meteora to discuss investor protection strategies and platform responsibilities.

    Additionally, YY, Head of Listing of MEXC Ventures, will be at the exclusive VC Demo Day on June 7, a curated four-hour event designed to explore Vietnam’s emerging role as a launchpad for Decentralized Physical Infrastructure Networks (DePIN). The invite-only gathering will bring together 70-100 attendees, including DePIN builders, Solana ecosystem leaders, venture capitalists, and Web2 companies from AI, IoT, energy, logistics, and XR sectors seeking to integrate real-world DePIN applications.

    Strengthening the Global Solana Community

    MEXC’s major sponsorship of the Solana Summit APAC demonstrates the exchange’s strategic commitment to supporting the broader Solana ecosystem while establishing stronger connections with the developer community across Asia-Pacific markets. The summit participation will serve as a launching pad for expanded regional initiatives and partnerships throughout 2025.

    The Solana Summit APAC 2025 will bring together the region’s most innovative blockchain projects, developers, and industry leaders, making it an ideal venue for MEXC to showcase its dedication to fostering growth within the Solana ecosystem.

    About MEXC
    Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto.” Serving over 40 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, everyday airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.
    MEXC Official Website｜ X ｜ Telegram ｜How to Sign Up on MEXC

    Source

    Contact:
    Lucia Hu
    lucia.hu@mexc.com

    Disclaimer: This is a paid post and is provided by MEXC. 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.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/fac6fd02-02a3-4e73-be9a-e869d8162d32

    The MIL Network –

  • MIL-OSI: Jacobi Bitcoin ETF Opens to Retail Investors Following Regulatory Approval

    Source: GlobeNewswire (MIL-OSI)

    ST PETER’S PORT, Guernsey and LONDON, June 03, 2025 (GLOBE NEWSWIRE) — Jacobi Asset Management announces today at Money 20/20 Amsterdam a major milestone in the evolution of digital asset investment in Europe. The Jacobi Bitcoin ETF, Europe’s first and only Bitcoin exchange-traded fund (ETF), is now open to both retail and professional investors following a landmark decision by the Guernsey Financial Services Commission (GFSC).

    Retail investors, subject to the rules of their respective national regulators, can now access the Jacobi Bitcoin ETF via regulated brokerage and investment platforms. This step not only enhances accessibility but reinforces Jacobi’s mission to democratise secure exposure to digital assets.

    Originally launched in 2023 on Euronext Amsterdam, the Jacobi Bitcoin ETF is regulated to institutional-grade standards, offering a secure, transparent, and compliant vehicle for investors. Amidst the volatility of Bitcoin’s price action over the past few years, the fund maintained its minimum investment requirement in line with regulatory prudence.

    With Bitcoin now firmly established as a mainstream asset – adopted by corporations, institutions, and governments alike – regulatory frameworks are evolving to reflect its maturing role in the financial ecosystem. In response, Jacobi has secured the removal of the professional-only restriction and minimum investment requirement on its ETF. Jacobi was supported in this endeavour by Collas Crill, Midshore Consulting and Sigma Asset Management, all of whom have been working with Jacobi since before the ETF was launched.

    “This is a significant moment for both Jacobi and Guernsey,” said Peter Lane, CEO of Jacobi Asset Management. “Our fund was designed from day one with a regulated, institutional-grade structure that investors could trust and were familiar with. Now, with greater regulatory alignment and growing public interest, we’re delighted to expand access to all investors across eligible jurisdictions. We applaud Guernsey as an innovative jurisdiction who have embraced the evolution of digital assets and look forward to bringing more innovative, digital asset products to market with robust regulatory oversight.”

    Trusted Custody and Industry Recognition

    As the appointed custodian for the Jacobi Bitcoin ETF, Zodia Custody plays a critical role in safeguarding client assets with the highest standards of institutional-grade security and compliance.

    “Zodia Custody is proud to continue providing our institutional-grade custody solutions to the Jacobi Bitcoin ETF as they expand their offerings to retail investors,” commented Julian Sawyer, CEO of Zodia Custody. “Our role remains clear: to protect client capital without compromising on security or compliance.”

    The move has also been welcomed by Guernsey Finance, the promotional agency for the island’s financial services industry, as a landmark for the jurisdiction’s digital asset ambitions.

    “This development represents a major step forward for Guernsey,” said Rupert Pleasant, CEO of Guernsey Finance. “It signals our jurisdiction’s capability and readiness to support regulated digital asset products, bringing international innovation to our shores and expanding our profile in this fast-evolving sector.”

    About Jacobi Asset Management

    Jacobi Asset Management is a UK-based digital asset investment manager that bridges traditional finance with blockchain innovation. With the current fund offering regulated by the GFSC, Jacobi Asset Management brings institutional-quality investment products to professional and retail investors, grounded in transparency, regulation, and sustainability.

    Media Contact:
    PR & Communications
    Jacobi Asset Management
    press@jacobiam.com
    www.jacobiam.com

    The MIL Network –

  • MIL-OSI Economics: Erik Thedéen: On risk, uncertainty and geoeconomic fragmentation

    Source: Bank for International Settlements

    The last five years have been unusually turbulent. We have lived through the worst pandemic in a hundred years, Russia has invaded Ukraine, and the United States has started trade conflicts with several of its most important trading partners, including China and the EU. We have also had a period of very high inflation that has now fortunately fallen back to normal levels; see Figure 1.

    In recent months, uncertainty in the global economy has increased strongly, not least due to the United States’ new trade policy. In our latest Monetary Policy Update, published last week, we assessed that international developments – particularly the elevated uncertainty – are dampening the economic prospects in Sweden. In turn, this suggests that inflation, in the long term, may become lower than in our most recently published forecast from March. But we also pointed out that there are several risk factors, such as those linked to companies’ global value chains, and that inflation thus could well become unexpectedly high.

    This illustrates, almost too clearly, that the economic outlook and inflation prospects are always uncertain and there are several reasons for this. One of them is that our models cannot capture all the complex relationships that characterise real economies. There could also be uncertainty over political decisions or how developments abroad affect the Swedish economy. However, regardless of the reason, we cannot exactly know what inflation will be in two years or how changes in the policy rate will affect inflation. The pandemic also reminded us that sometimes unpredictable events happen that can have major economic consequences.

    MIL OSI Economics –

  • MIL-OSI Global: Preventing the next pandemic: One Health researcher calls for urgent action

    Source: The Conversation – Africa – By Hung Nguyen-Viet, Program Leader (ai), HEALTH at ILRI / CGIAR, International Livestock Research Institute

    The world is facing daunting health challenges with the rise of zoonotic diseases – infections that are transmissible from animals to humans. These diseases – which include Ebola, avian flu, COVID-19 and HIV – show how the health and wellbeing of humans, animals and ecosystems are closely connected.

    Zoonotic diseases have become more and more common due to factors such as urbanisation, deforestation, climate change and wildlife exploitation. These dangers are not limited by borders: they are global and demand a coordinated response.

    By looking at health holistically, countries can address the full spectrum of disease control – from prevention to detection, preparedness, response and management – and contribute to global health security.

    The World Health Organization has a basis for such an approach: One Health. This recognises the interdependence of the health of people, animals and the environment and integrates these fields, rather than keeping them separate.

    I lead the health programme at the International Livestock Research Institute, where we are looking for ways to effectively manage or eliminate livestock-related diseases, zoonotic infections and foodborne illnesses that disproportionately affect impoverished communities.

    My work focuses on the link between health and agriculture, food safety, and infectious and zoonotic diseases.

    For example in Kenya we are part of an initiative of the One Health Centre in Africa to roll out canine vaccination and have so far vaccinated 146,000 animals in Machakos county.

    In Ethiopia and Vietnam we worked in a programme to improve the hygiene practices of butchers in traditional markets.

    In another project we work in 11 countries to strengthen One Health curricula in universities.

    The lessons from the One Health projects implemented with partners across Asia and Africa are that there’s an urgent need for action on three fronts. These are: stronger cross-sectoral collaboration; greater engagement with policymakers to translate research findings into actionable strategies; and the development of adaptable and context-specific interventions.

    But, having been active in this area for the last decade, I am impatient with the slow pace of investment. We know that prevention is better than cure. The cost of prevention is significantly lower than that of managing pandemics once they occur. Urgent steps, including much higher levels of investment, need to be taken.

    What’s in place

    In 2022 the World Health Organization, the Food and Agriculture Organisation, the United Nations Environment Programme and the World Organisation for Animal Health developed a joint One Health plan of action. They identified key areas to respond more efficiently to health threats. These included:

    • Reducing risks from emerging and re-emerging zoonotic epidemics. Actions include, for example, tightening regulations around farming and trade in wildlife and wild animal products.

    • Controlling and eliminating endemic, zoonotic, neglected tropical and vector-borne diseases by understanding the attitudes and knowledge of communities bearing the greatest burdens of these diseases. And boosting their capacity to fight them.

    • Strengthening action against food safety risks by monitoring new and emerging foodborne infections.

    • Curbing the silent pandemic of antimicrobial resistance, one of the top 10 global public health threats facing humanity.

    Other collaborations include the Prezode (Preventing Zoonotic Disease Emergence) initiative to research all aspects of diseases of animal origin. This was launched in 2021 by French president Emmanuel Macron.

    The Africa One Health University Network operates in ten African countries to address One Health workforce strengthening in Africa.

    One Health has gained traction globally. But there’s still a great deal to be done.

    The cost of inaction

    According to a 2022 World Bank estimate, preventing a pandemic would cost approximately US$11 billion per year, while managing a pandemic can run up to US$31 billion annually. So the investment return of 3:1 is an important reason to call for investment in One Health.

    The Pandemic Fund was launched in November 2022 by leaders of the Group of 20 nations and hosted by the World Bank Group to help low- and middle-income countries prepare better for emerging pandemic threats. US$885 million has been awarded to 47 projects to date through the two rounds in the last three years.

    However, relative to the US$11 billion per year required for prevention, this investment is modest. Urgent investment in One Health needs to be made by countries themselves, in particular low- and middle-income countries.

    The last two World One Health congresses (in Singapore in 2022, and in Cape Town in 2024) called for investment in One Health. There were also calls for investment in One Health at regional level to prevent zoonotic diseases and the next pandemic.

    At the 78th World Health Assembly in Geneva, member states of the World Health Organization (WHO) formally adopted by consensus the world’s first Pandemic Agreement. The landmark decision culminates more than three years of intensive negotiations launched by governments in response to the devastating impacts of the COVID-19 pandemic.

    This is major global progress in One Health and disease prevention.

    But the lessons of COVID-19 have shown us that the cost of inaction is incalculable in terms of lives lost, economic turmoil and societal disruption. To date, there have been over 777 million cases of COVID-19, including more than 7 million deaths worldwide.

    According to estimates by the International Monetary Fund, COVID will have caused a cumulative production loss of US$13.8 trillion by 2024.

    The choice is clear: invest today to prevent tomorrow’s pandemics, or pay a heavy price in the future.

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

    – ref. Preventing the next pandemic: One Health researcher calls for urgent action – https://theconversation.com/preventing-the-next-pandemic-one-health-researcher-calls-for-urgent-action-255229

    MIL OSI – Global Reports –

  • MIL-OSI Europe: Briefing – Hate speech: Comparing the US and EU approaches – 03-06-2025

    Source: European Parliament 2

    Differences between the United States (US) and the European Union (EU) over the regulation of online platforms have taken on a new dimension under the Trump administration. Senior members of the US administration have strongly criticised the EU for ‘limiting free speech’ and have called the EU’s content moderation law ‘incompatible with America’s free speech tradition’. Much of the debate is informed by misconceptions and misunderstandings. The differences between the US and EU hate speech regimes are striking, largely for historical reasons. The First Amendment to the US Constitution provides almost absolute protection to freedom of expression. By contrast, European and EU law curtails the right to freedom of expression. Article 10 of the European Convention of Human Rights, which applies to all EU Member States, states that freedom of expressions ‘carries with it duties and responsibilities’. In a democratic society, restrictions may be imposed in the interest, among others, ‘of national security, territorial integrity or public safety, for the prevention of disorder or crime, for the protection of health or morals, for the protection of the reputation or rights of others’. EU legislation criminalises hate speech that publicly incites to violence or hatred and targets a set of protected characteristics: race, colour, religion, descent or national or ethnic origin. Even though legislation in EU Member States varies widely, many have extended protection from hate speech to additional characteristics. In light of the exponential growth of the internet and the use of social media, the debate about hate speech has essentially become about regulating social media companies. The focus has been on the question of whether and to what extent service providers are responsible for removing hate speech published on social media platforms. The US has opted not to impose any obligation on social media companies to remove content created by third parties, merely granting them the right to restrict access to certain material deemed to be ‘obscene’ or ‘otherwise objectionable’. By contrast, the EU has adopted regulation that obliges companies to remove offensive content created by third parties, including hate speech, once it is brought to their attention. Social media companies also self-regulate, by adopting community guidelines that allow users to flag hate speech and ask for its removal.

    MIL OSI Europe News –

  • MIL-OSI Asia-Pac: LegCo Panel on Environmental Affairs visits innovative technology projects of CLP (with photos)

    Source: Hong Kong Government special administrative region

    LegCo Panel on Environmental Affairs visits innovative technology projects of CLP  
         Upon arriving at the CLP’s Shatin Centre, Members received a briefing from the management of the CLP on its progress in accelerating transport electrification. Members noted that the CLP had been offering technical support to charging service operators to expedite the development and installation of charging facilities to promote the use and popularization of electric vehicles. Moreover, Members noted that the CLP had signed memorandums pleading its participation in the development of the Northern Metropolis. The power company had reserved power system capacity to meet the area’s current and future developments, including innovation and technology, industry and commerce, housing, etc.
     
         Members then watched a demonstration of a “beyond visual line of sight” (BVLOS) drone for inspecting power facilities. The BVLOS drone project was one of the first batch of pilot projects under the Government’s Low-altitude Economy Regulatory Sandbox. The CLP had been conducting trials with BVLOS drones on designated flight routes to evaluate their feasibility, safety and effectiveness in checking critical power supply facilities to increase inspection efficiency.
     
         Afterwards, Members learnt about the CLP’s Grid-Visualization (Grid-V), an advanced management system introduced for monitoring the operation of the power company’s critical power facilities to further enhance the reliability of power supply. Utilizing AI, the Grid-V management system integrates and monitors real-time signals from about 3 000 sensors and cameras across the power company’s electricity networks in Hong Kong, alerting engineering personnel to respond to incidents immediately when potential risks are detected.
      
         A total of 10 members and non-members of the Panel on Environmental Affairs participated in the visit.
    Issued at HKT 18:00

    NNNN

    MIL OSI Asia Pacific News –

  • Astronomers fear impact of Musk’s Starlink on South Africa mega-telescope observations

    Source: Government of India

    Source: Government of India (4)

    Astronomers working with South Africa‘s SKA telescope are pushing authorities to ensure that any licensing agreement with Elon Musk’s Starlink will protect their groundbreaking observations, a senior scientist said.

    Discussions to bring Musk’s internet service Starlink in South Africa have already been contentious, with parent company SpaceX criticising local shareholding laws while backing equity equivalent programmes.

    Attaching astronomy-linked licensing conditions may further complicate attempts to introduce Starlink to the country of Musk’s birth, where he has already said he is deterred by government Black empowerment policies.

    South Africa said it will review its Information and Communication Technology sector rules but will not back down on government policies to transform the economy three decades after white-minority rule ended.

    Scientists fear South Africa‘s Square Kilometre Array (SKA-Mid), the world’s most powerful radio telescope together with another array co-hosted in Australia, will have their sensitive space observations distorted by Starlink‘s low-orbiting satellites.

    “It will be like shining a spotlight into someone’s eyes, blinding us to the faint radio signals from celestial bodies,” Federico Di Vruno, co-chair of International Astronomical Union Centre for the Protection of the Dark and Quiet Sky, told Reuters in a telephone interview.

    Di Vruno said the SKA Observatory, where he is spectrum manager, and the South African Radio Astronomy Observatory (SARAO) were lobbying for license requirements to reduce the impact on observations in certain frequency ranges, including some that SKA-Mid uses.

    That could direct Starlink to steer satellite beams away from SKA receivers or stop transmission for a few seconds to minimise interference, he said.

    South Africa‘s current SKA antennae, in the remote Northern Cape town of Carnarvon, use the 350 megahertz to 15.4 gigahertz bandwidth, a range also used by most satellite operators for downlinks.

    MAJOR OBSERVATIONS

    South Africa‘s MeerKAT radio telescope, a precursor to SKA-Mid which will be incorporated into the larger instrument, has already discovered a rare giant radio galaxy that is 32 times the size of the Milky Way.

    Last year, it found 49 new galaxies in under three hours, according to SARAO.

    SKA Observatory, an international body, also campaigns for conditions on licensing agreements with other major satellite operators such as Amazon and Eutelsat’s OneWeb to ensure quiet skies amid a boom in new satellite launches.

    “We are trying to follow different technical and regulatory avenues to mitigate this issue on the global stage,” Di Vruno said.

    (Reuters)

  • MIL-OSI United Kingdom: Britain’s hospitality sector to save £3 million under new scheme

    Source: United Kingdom – Executive Government & Departments

    Press release

    Britain’s hospitality sector to save £3 million under new scheme

    Britain’s pubs, cafes, restaurants and hotels to save £3 million under emissions cutting scheme.

    • Pubs, cafes, restaurants and hotels to receive free energy and carbon cutting advice to slash their energy bills as part of the government’s Plan for Change 
    • Trial to save hospitality sector £3 million on bills and reduce 2,700 tonnes of carbon emissions 
    • Zero Carbon Services will advise 600 British small businesses under scheme 

    Pubs, cafes, restaurants and hotels across the UK will have lower energy bills thanks to a new emissions cutting trial as part of the government’s Plan for Change.

    Over 600 small and medium sized hospitality businesses will receive free energy and carbon reduction assessments to cut energy costs, support productivity and boost growth.

    Funded by the government and delivered by Zero Carbon Services, one of the UK’s leading net-zero advisers for the hospitality sector, the trial is expected to save businesses over £3 million. This will help pubs and restaurants to keep more money in their pockets – while allowing them to invest in jobs and continue to be the hubs of communities. 

    Minister for Industry Sarah Jones said: 

    Pubs, restaurants and cafes are a cornerstone for communities across the country, with the hospitality sector employing millions of people and contributing billions to the economy. 

    By providing business owners with expert advice to cut bills and reduce emissions, this will help them keep more money in their pockets to grow their business, employ local people and continue to serve your pint of lager or fish and chips.

    Zero Carbon Services CEO Mark Chapman said: 

    Climate change is already impacting hospitality with extreme weather events reducing sales and increasing food supply costs. Combined with other cost increases, there has never been a more important time to both recover lost profits and take credible action on reducing carbon emissions, the key cause of climate change. 

    We’ve already helped thousands of UK pubs, restaurants and hotels, to cut carbon and costs and thanks to this scheme, we can now offer that support for free to even more independent businesses. 

    Most venues have opportunities to save energy, food and money without realising it. By combining smart data with one-to-one coaching, we help operators take simple, practical steps to reduce waste, lower emissions, and improve day-to-day efficiency. It’s about making small changes that add up — cutting waste, protecting profits and building a stronger, more resilient sector.

    Kate Nicholls, Chief Executive of UKHospitality, said: 

    Hospitality businesses have already made great strides to reduce their emissions but are keen to go further and faster in order to save costs and become more sustainable.  

    We’re pleased to support this new trial that can help businesses further cut their emissions, and we’re looking forward to working with the government and Zero Carbon Services on its rollout.

    Emma McClarkin, CEO of the British Beer and Pub Association, said:  

    This initiative is welcome and will give valuable insights into the ways the sector can become more energy efficient which could help to cut down on energy bills.  

    This is no small sum and we’re pleased that government has acted on our calls to support the sector through boosting funding to undertake this kind of work.

    Steve Alton, CEO of British Institute of Innkeeping, said: 

    Running a lean, sustainable pub business is vital for operators across the UK. We have supported our members with their carbon measurement and reduction over the past 2 years as part of our Sustainability Champions programme, so we are delighted that Zero Carbon Services can now offer more support via free assessments and coaching to over 600 operators.

    The hospitality sector is largely made up of SMEs and supports 3.5 million jobs, while contributing £93 billion to the UK economy. 

    The scheme will support businesses to make cost effective changes such as fixing insulation gaps, upgrading to low energy lighting or tweaking heating settings that will add up to significant savings over the year. 

    A recent report from the Federation of Small Businesses found that 64% of small businesses believe sustainability should be a high priority for the government, but only 26% of small businesses believe they have the appropriate knowledge to transition their business to net zero. 

    The Zero Carbon Services Hospitality trial will help hospitality businesses by putting business owners in direct contact with the expertise of trusted energy and sustainability advisers. 

    The launch of the trial comes ahead of the government’s modern Industrial Strategy, which will turbocharge growth in the UK’s key sectors including clean energy. Meanwhile, a renewed Industrial Decarbonisation Strategy will set the strategic direction for the government’s approach to working with industry towards a competitive and low carbon industrial base in the UK, ensuring growth opportunities are captured in tandem with emissions reductions.   

    Notes to editor  

    The government has provided £350,000 to fund the Zero Carbon Services Hospitality trial, which will run from May 2025 to March 2026.

    Updates to this page

    Published 3 June 2025

    MIL OSI United Kingdom –

  • MIL-OSI Russia: Pilot project to restrict access to phishing sites launches

    Translation. Region: Russian Federal

    Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.

    Document

    Order of May 31, 2025 No. 1403-r

    Starting June 4, 2025, Russia will begin implementing a pilot project to restrict access to phishing sites and applications that are created under the guise of official sites of government agencies and companies, and then used by fraudsters to steal passwords and other personal information of citizens. An order to this effect has been signed.

    The goal of the pilot is to create an effective mechanism for identifying and promptly blocking fake Internet resources and applications that may use a domain name very similar to the real one of a government agency, company or bank.

    The objectives of the pilot project include developing mechanisms for interaction between various government and non-government structures in identifying and blocking fraudulent websites and applications, as well as preparing proposals for the regulatory consolidation of such mechanisms.

    The participants of the pilot project from the state side will be the Ministry of Digital Development, the Ministry of Internal Affairs, the Federal Security Service, the Ministry of Culture, the Ministry of Finance, the Federal Tax Service, Rospatent, the Bank of Russia and the Prosecutor General’s Office. The project also involves the participation of the autonomous non-profit organization “Coordination Center for the National Domain of the Internet” and the research institute “Integral”.

    The pilot project is scheduled to be completed on March 1, 2026. Its implementation will provide new opportunities to protect citizens from fraudulent activities and enhance their security on the Internet.

    The work is being carried out within the framework of the federal project “Cybersecurity Infrastructure”, which is part of the new national project “Data Economy and Digital Transformation of the State”.

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

    MIL OSI Russia News –

  • MIL-OSI Russia: To the team of JSC GLONASS

    Translation. Region: Russian Federal

    Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.

    Mikhail Mishustin congratulated the staff of JSC GLONASS on the 10th anniversary of its founding.

    Dear friends!

    I congratulate you on the 10th anniversary of the founding of the GLONASS joint-stock company.

    Over the years, the company has become one of the largest system integrators, has made a significant contribution to the development and implementation of domestic information and navigation technologies. Advanced competencies, accumulated experience and innovative approaches allow you to effectively perform state tasks, including the development of the world’s first emergency warning system for transport “ERA-GLONASS”, created to save victims of accidents and other emergencies, improve the safety of drivers and passengers. Our own software products and telecommunication solutions, recognized in our country and on the international market, are successfully used in the activities of emergency response services, logistics management, vehicle monitoring, various sectors of the economy and areas that directly affect the quality of life and well-being of millions of Russians. This is especially important in conditions where the sustainability of digital infrastructure is among national priorities.

    All these achievements have become possible thanks to the work of a highly qualified team of professionals who love their work. I am confident that you will continue to strengthen Russia’s technological sovereignty, expand the scope of satellite navigation and the range of services provided.

    I wish you further success, health and all the best.

    M. Mishustin

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

    MIL OSI Russia News –

  • MIL-OSI Russia: Mikhail Mishustin takes part in the 10th conference “Digital Industry of Industrial Russia”

    Translation. Region: Russian Federal

    Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.

    “Digital Industry of Industrial Russia” (CIPR) is the main business event on the digital economy and technologies in Russia. For many years, it has been a key platform for dialogue between business and government representatives on issues of digital transformation of society and various sectors of the economy.

    This year, the main track of the business program will be “Data Economy and Digital Transformation of the State”. “CIPR-2025” will be visited by delegations from more than 30 countries: China, Serbia, Cuba, India, Argentina, Saudi Arabia, Algeria, Belarus, Armenia, Kyrgyzstan, Uzbekistan, Kazakhstan, the Philippines and others.

    Drive

    The conference business program will include more than 100 sessions covering the digitalization of key economic sectors and interaction with partner countries in the global market. International sessions will be held in partnership with the Shanghai Cooperation Organization and the United Nations Industrial Development Organization. The event will also feature bilateral panel discussions with representatives of the Republic of Belarus and the PRC.

    The exhibition of technological solutions will occupy three pavilions, including solutions from international participants from the BRICS and EAEU countries. International solutions from Chinese, Indian, Cuban and Belarusian companies will be presented here. In addition, for the second time, the CIPR site will feature a specialized stand of “digital attachés” – employees of Russian trade missions abroad who are engaged in the promotion of Russian IT products (the stand will reflect the experience of international cooperation in this area).

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

    MIL OSI Russia News –

  • MIL-OSI Russia: Financial news: On June 6 at 15:00 there will be a press conference on the results of the meeting of the Board of Directors on monetary policy

    Translation. Region: Russian Federal

    Source: Central Bank of Russia –

    The event will be attended by the Chairman of the Bank of Russia Elvira Nabiullina and the Deputy Chairman of the Bank of Russia Alexey Zabotkin.

    Elvira Nabiullina will make a statement on monetary policy.

    The press conference will be held at the Bank of Russia press center. The broadcast of the speech will be available on our website, channel inTelegram, as well as on the official page inVKontakte.

    Accreditation for journalists is open until 17:00 on June 4 at the following address: Media@kbr.ru.

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

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

    HTTPS: //vv. KBR.ru/Press/Event/? ID = 24668

    MIL OSI Russia News –

  • MIL-OSI: Form 8.3 – [FRENKEL TOPPING PLC – Opening Disclosure – 02 06 2025] – (CGAML)

    Source: GlobeNewswire (MIL-OSI)

    FORM 8.3

    PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY
    A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE
    Rule 8.3 of the Takeover Code (the “Code”)

    1.        KEY INFORMATION

    (a)   Full name of discloser: CANACCORD GENUITY ASSET MANAGEMENT LIMITED (for Discretionary clients)
    (b)   Owner or controller of interests and short positions disclosed, if different from 1(a):
            The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.    		 N/A
    (c)   Name of offeror/offeree in relation to whose relevant securities this form relates:
            Use a separate form for each offeror/offeree    		 FRENKEL TOPPING PLC
    (d)   If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree: N/A
    (e)   Date position held/dealing undertaken:
            For an opening position disclosure, state the latest practicable date prior to the disclosure    		 02 JUNE 2025
    (f)   In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?
            If it is a cash offer or possible cash offer, state “N/A”    		 N/A

    2.        POSITIONS OF THE PERSON MAKING THE DISCLOSURE

    If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

    (a)      Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

    Class of relevant security: 0.1p ORDINARY
      Interests Short positions
    Number % Number %
    (1)   Relevant securities owned and/or controlled: 12,750,000 9.9599    
    (2)   Cash-settled derivatives:        
    (3)   Stock-settled derivatives (including options) and agreements to purchase/sell:        
    TOTAL: 12,750,000 9.9599    

    All interests and all short positions should be disclosed.

    Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

    (b)      Rights to subscribe for new securities (including directors’ and other employee options)

    Class of relevant security in relation to which subscription right exists:  
    Details, including nature of the rights concerned and relevant percentages:  

    3.        DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

    Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

    The currency of all prices and other monetary amounts should be stated.

    (a)        Purchases and sales

    Class of relevant security Purchase/sale Number of securities Price per unit
    None      

    (b)        Cash-settled derivative transactions

    Class of relevant security Product description
    e.g. CFD    		 Nature of dealing
    e.g. opening/closing a long/short position, increasing/reducing a long/short position    		 Number of reference securities Price per unit
    NONE        

    (c)        Stock-settled derivative transactions (including options)

    (i)        Writing, selling, purchasing or varying

    Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Type
    e.g. American, European etc.    		 Expiry date Option money paid/ received per unit
    NONE              

    (ii)        Exercise

    Class of relevant security Product description
    e.g. call option    		 Exercising/ exercised against Number of securities Exercise price per unit

    (d)        Other dealings (including subscribing for new securities)

    Class of relevant security Nature of dealing
    e.g. subscription, conversion    		 Details Price per unit (if applicable)
    NONE      

    4.        OTHER INFORMATION

    (a)        Indemnity and other dealing arrangements

    Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:
    Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state “none”

    NONE

    (b)        Agreements, arrangements or understandings relating to options or derivatives

    Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to:
    (i)   the voting rights of any relevant securities under any option; or
    (ii)   the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:
    If there are no such agreements, arrangements or understandings, state “none”

    NONE

    (c)        Attachments

    Is a Supplemental Form 8 (Open Positions) attached? NO
    Date of disclosure: 03 JUNE 2025
    Contact name: PHIL HULME
    Telephone number: 01253 376551

    Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

    The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.

    The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

    The MIL Network –

  • MIL-OSI: Form 8.3 – [Form-8.3 CRANEWARE PLC – 02 06 2025] – (CGWL)

    Source: GlobeNewswire (MIL-OSI)

    FORM 8.3

    PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY
    A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE
    Rule 8.3 of the Takeover Code (the “Code”)

    1.        KEY INFORMATION

    (a)   Full name of discloser: CANACCORD GENUITY WEALTH LIMITED (for Discretionary clients)
    (b)   Owner or controller of interests and short positions disclosed, if different from 1(a):
            The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.    		 N/A
    (c)   Name of offeror/offeree in relation to whose relevant securities this form relates:
            Use a separate form for each offeror/offeree    		 CRANEWARE PLC
    (d)   If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree: N/A
    (e)   Date position held/dealing undertaken:
            For an opening position disclosure, state the latest practicable date prior to the disclosure    		 02 JUNE 2025
    (f)   In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?
            If it is a cash offer or possible cash offer, state “N/A”    		 N/A

    2.        POSITIONS OF THE PERSON MAKING THE DISCLOSURE

    If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

    (a)      Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

    Class of relevant security: 1p ORDINARY
      Interests Short positions
    Number % Number %
    (1)   Relevant securities owned and/or controlled: 1,700,118 4.8013    
    (2)   Cash-settled derivatives:        
    (3)   Stock-settled derivatives (including options) and agreements to purchase/sell:        
    TOTAL: 1,700,118 4.8013    

    All interests and all short positions should be disclosed.

    Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

    (b)      Rights to subscribe for new securities (including directors’ and other employee options)

    Class of relevant security in relation to which subscription right exists:  
    Details, including nature of the rights concerned and relevant percentages:  

    3.        DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

    Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

    The currency of all prices and other monetary amounts should be stated.

    (a)        Purchases and sales

    Class of relevant security Purchase/sale Number of securities Price per unit
    1p ORDINARY SALE 1,635 2025.0001p
    1p ORDINARY SALE 320 2034.8p
    1p ORDINARY SALE 425 2056p
    1p ORDINARY BUY 1,000 2055p

    (b)        Cash-settled derivative transactions

    Class of relevant security Product description
    e.g. CFD    		 Nature of dealing
    e.g. opening/closing a long/short position, increasing/reducing a long/short position    		 Number of reference securities Price per unit
    NONE        

    (c)        Stock-settled derivative transactions (including options)

    (i)        Writing, selling, purchasing or varying

    Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Type
    e.g. American, European etc.    		 Expiry date Option money paid/ received per unit
    NONE              

    (ii)        Exercise

    Class of relevant security Product description
    e.g. call option    		 Exercising/ exercised against Number of securities Exercise price per unit

    (d)        Other dealings (including subscribing for new securities)

    Class of relevant security Nature of dealing
    e.g. subscription, conversion    		 Details Price per unit (if applicable)
    NONE      

    4.        OTHER INFORMATION

    (a)        Indemnity and other dealing arrangements

    Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:
    Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state “none”

    NONE

    (b)        Agreements, arrangements or understandings relating to options or derivatives

    Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to:
    (i)   the voting rights of any relevant securities under any option; or
    (ii)   the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:
    If there are no such agreements, arrangements or understandings, state “none”

    NONE

    (c)        Attachments

    Is a Supplemental Form 8 (Open Positions) attached? NO
    Date of disclosure: 3 JUNE 2025
    Contact name: PHIL HULME
    Telephone number: 01253 376551

    Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

    The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.

    The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

    The MIL Network –

  • MIL-OSI: Form 8.3 – [GLOBALDATA PLC – 02 06 2025] – (CGWL)

    Source: GlobeNewswire (MIL-OSI)

    FORM 8.3

    PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY
    A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE
    Rule 8.3 of the Takeover Code (the “Code”)

    1.        KEY INFORMATION

    (a)   Full name of discloser: CANACCORD GENUITY WEALTH LIMITED (for Discretionary clients)
    (b)   Owner or controller of interests and short positions disclosed, if different from 1(a):
            The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.    		 N/A
    (c)   Name of offeror/offeree in relation to whose relevant securities this form relates:
            Use a separate form for each offeror/offeree    		 GLOBALDATA PLC
    (d)   If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree: N/A
    (e)   Date position held/dealing undertaken:
            For an opening position disclosure, state the latest practicable date prior to the disclosure    		 02 JUNE 2025
    (f)   In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?
            If it is a cash offer or possible cash offer, state “N/A”    		 N/A

    2.        POSITIONS OF THE PERSON MAKING THE DISCLOSURE

    If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

    (a)      Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

    Class of relevant security: 0.01p ORDINARY
      Interests Short positions
    Number % Number %
    (1)   Relevant securities owned and/or controlled: 10,952,528 1.3822    
    (2)   Cash-settled derivatives:        
    (3)   Stock-settled derivatives (including options) and agreements to purchase/sell:        
    TOTAL: 10,952,528 1.3822    

    NOTE: On 02/06/2025, 6,800 shares were transferred out by a discretionary client.

    All interests and all short positions should be disclosed.

    Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

    (b)      Rights to subscribe for new securities (including directors’ and other employee options)

    Class of relevant security in relation to which subscription right exists:  
    Details, including nature of the rights concerned and relevant percentages:  

    3.        DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

    Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

    The currency of all prices and other monetary amounts should be stated.

    (a)        Purchases and sales

    Class of relevant security Purchase/sale Number of securities Price per unit
    0.01p ORDINARY SALE 12,950 177.16p
    0.01p ORDINARY SALE 7,000 176.19p

    (b)        Cash-settled derivative transactions

    Class of relevant security Product description
    e.g. CFD    		 Nature of dealing
    e.g. opening/closing a long/short position, increasing/reducing a long/short position    		 Number of reference securities Price per unit
    NONE        

    (c)        Stock-settled derivative transactions (including options)

    (i)        Writing, selling, purchasing or varying

    Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Type
    e.g. American, European etc.    		 Expiry date Option money paid/ received per unit
    NONE              

    (ii)        Exercise

    Class of relevant security Product description
    e.g. call option    		 Exercising/ exercised against Number of securities Exercise price per unit

    (d)        Other dealings (including subscribing for new securities)

    Class of relevant security Nature of dealing
    e.g. subscription, conversion    		 Details Price per unit (if applicable)
    NONE      

    4.        OTHER INFORMATION

    (a)        Indemnity and other dealing arrangements

    Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:
    Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state “none”

    NONE

    (b)        Agreements, arrangements or understandings relating to options or derivatives

    Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to:
    (i)   the voting rights of any relevant securities under any option; or
    (ii)   the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:
    If there are no such agreements, arrangements or understandings, state “none”

    NONE

    (c)        Attachments

    Is a Supplemental Form 8 (Open Positions) attached? NO
    Date of disclosure: 3 JUNE 2025
    Contact name: PHIL HULME
    Telephone number: 01253 376551

    Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

    The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.

    The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

    The MIL Network –

  • MIL-OSI Africa: African Mining Week (AMW) 2025 to Host Invest in Angola’s Mining Sector Forum

    Source: Africa Press Organisation – English (2) – Report:

    CAPE TOWN, South Africa, June 3, 2025/APO Group/ —

    The African Mining Week (AMW) conference – Africa’s premier event for the mining sector, scheduled for October 1–3, 2025 in Cape Town – will feature a dedicated session titled Invest in Angola’s Mining Sector, sharing insight into the vast investment opportunities across the country’s mineral landscape. The session will showcase the immense, untapped potential of Angola’s diverse mineral resources, providing investors with strategic insights and actionable pathways to capitalize on this burgeoning market.

    Rich in a variety of minerals, including diamonds, copper, gold, lithium, rare earths and more, Angola offers significant growth opportunities for mining companies. As such, the Angolan session seeks to unlock these opportunities by connecting stakeholders under the broader event theme:  From Extraction to Beneficiation: Unlocking Africa’s Mineral Wealth.

    African Mining Week serves as a premier platform for exploring the full spectrum of mining opportunities across Africa. The event is held alongside the African Energy Week: Invest in African Energies 2025 conference from October 1-3 in Cape Town. Sponsors, exhibitors and delegates can learn more by contacting sales@energycapitalpower.com.

    In the diamond sector, the session will provide insight into strategic investment opportunities. A global leader in diamond production, Angola already presents a compelling investment case, backed by over 732 million carats of untapped diamond reserves valued at more than $140 billion. The country is pursuing both upstream expansion and downstream beneficiation. Key developments include a new pilot production and processing facility at Luachimba, launched by ENDIAMA – the national diamond company – and ongoing feasibility studies at the Xamacanda site. Global mining firm De Beers is also advancing exploration across eight new diamond project targets. AMW will link these promising projects with global investors and strategic partners, in line with Angola’s ambitions to leverage its diamond wealth for sustainable economic growth.

    Beyond diamonds, Angola is making substantial strides in its critical minerals sector as part of its long-term strategy to become a leading exporter of processed critical minerals – essential for the global energy transition. The government has identified 34 critical minerals, with key projects like Pensana’s Longonjo Rare Earth Project driving the market expansion. In March 2025, Pensana secured $268 million in funding to begin phase one of development. The project will enable Angola to supply 5% of the world’s high-grade rare earth carbonate, significantly boosting its role in the global rare earth sector. AMW will make a strong case for Angolan critical minerals, providing a platform where partners, investors and mining corporation can engage and sign deals.

    Meanwhile, AMW 2025 will bring together global stakeholders to explore Angola’s copper, lithium and manganese landscape. The country is advancing projects in these industries and new investment would fuel growth even further. China’s Shining Star is set to begin commercial production at its 40-million-ton Mavoio-Tetelo copper project in northern Angola in 2025, while Ivanhoe Mines is undertaking extensive copper exploration. Mining companies Tyranna Resources and ST New Materials are unlocking new frontiers in lithium and manganese, while Rio Tinto is exploring for base metals under an agreement signed in 2024. These efforts underscore increasing international interest in Angola’s critical mineral potential.

    MIL OSI Africa –

  • MIL-OSI Russia: Investors can buy large non-residential premises from the city in the north-east of the capital

    Translation. Region: Russian Federal

    Source: Moscow Government – Government of Moscow –

    Business can acquire large non-residential premisesin the North-Eastern Administrative District. This was reported by Ekaterina Solovieva, Minister of the Moscow Government, Head of the Moscow Department of City Property.

    The premises are located in a four-story building on Verkhoyanskaya Street (building 10). The building is located between Yeniseyskaya and Letchika Babushkina Streets.

    “The city has put up for auction a commercial property with an area of almost 580 square meters in the Babushkinsky district. It is located on the first floor of a residential building, which is a 10-minute walk from the Sviblovo metro station. The future owner will be able to organize two separate entrances: the main one for visitors and a service one for staff. The property offered by the city is suitable for opening a food outlet, a supermarket or a department store,” said Ekaterina Solovieva.

    The premises are connected to all main utilities: electricity, gas and water supply, sewerage. The entrance is equipped with a ramp.

    “The bidding campaign will last until July 10, and the open auction will be held on July 22 on the electronic platform “RoselTorg”. To participate, you must have registration and an enhanced qualified electronic signature,” added the head of the Moscow City Department for Competition Policy Kirill Purtov.

    All information about the premises put up for auction is presented on the capital’s investment portal. You can learn more about them, study the lot documentation and the rules for conducting auctions in the section “Property from the city”.

    The development of electronic services for entrepreneurs is being implemented within the framework of the national project “Data Economy”.

    Get the latest news quickly official telegram channelthe city of Moscow.

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

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

    https: //vv.mos.ru/nevs/ite/154732073/

    MIL OSI Russia News –

  • MIL-OSI Russia: E. Musk’s Neuralink Completes Series E Funding Round

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian –

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

    SAN FRANCISCO, June 3 (Xinhua) — Elon Musk’s brain-computer interface company Neuralink announced on Monday that it has closed a $650 million funding round.

    Investors participating in the Series E round included ARK Invest, Founders Fund, Sequoia Capital and Thrive Capital, the company said in a blog post.

    Neuralink last raised funds in a $280 million Series D funding round in 2023, with an additional $43 million tranche raised a few months later.

    The company said it had conducted additional human clinical trials, implanting its brain chips in five patients with severe paralysis.

    In May, Neuralink received a Breakthrough Devices Program from the Food and Drug Administration (FDA).

    According to the FDA, it is a voluntary program for certain medical devices and combination products that provide more effective treatment or diagnosis of life-threatening or irreversibly debilitating diseases or conditions.

    The goal of the program is to provide patients and health care providers with timely access to medical devices by accelerating their development, evaluation, and review for premarket approval. –0–

    MIL OSI Russia News –

  • MIL-OSI: Aurora Mobile’s Subsidiaries EngageLab and GPTBots.ai Achieve SOC 2 Type II Certification, Setting a New Benchmark for Global Data Security

    Source: GlobeNewswire (MIL-OSI)

    SHENZHEN, China, June 03, 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 its flagship platforms, EngageLab and GPTBots.ai, have both successfully achieved SOC 2 Type II certification. This milestone underscores Aurora Mobile’s unwavering commitment to the highest international standards of data security, privacy, and operational excellence.

    SOC 2 Type II, developed by the American Institute of Certified Public Accountants (AICPA), is a globally recognized auditing standard that rigorously evaluates the design and operational effectiveness of a company’s controls over a defined period. This certification covers five key trust service criteria: security, availability, processing integrity, confidentiality, and privacy.

    What This Means for Our Clients and Partners:

    • Enterprise-Grade Security: Aurora Mobile, through its platforms EngageLab and GPTBots.ai, safeguards client data with industry-leading security controls and continuous monitoring, ensuring protection across critical areas such as security, availability, and confidentiality.
    • Global Compliance: SOC 2 Type II certification supports our clients’ regulatory and business requirements worldwide, facilitating secure business expansion.
    • Operational Excellence: The certification validates our ability to deliver reliable, secure, and scalable solutions for mission-critical applications across industries.

    “Data security and privacy are at the heart of Aurora Mobile’s mission,” said Chris Lo, CEO at Aurora Mobile. “Achieving SOC 2 Type II certification for both EngageLab and GPTBots.ai is a testament to our ongoing investment in security and compliance, empowering our clients to innovate and grow with absolute confidence.”

    With this achievement, Aurora Mobile further strengthens its position as a trusted technology partner for enterprises seeking secure, compliant, and intelligent customer engagement and AI solutions on a global scale.

    About EngageLab
    EngageLab is a world-leading AI-powered omnichannel customer engagement solution provider, unites technology and versatility to offer seamless customer interactions across every channel, including Email, AppPush, WebPush, OTP, SMS and WhatsApp Business. It empowers businesses to build lasting relationships and achieve higher conversions and retention. With a strong focus on innovation and performance, EngageLab supports businesses in over 220 countries and regions, delivering more than 1 million messages every second across various channels.

    About GPTBots.ai
    GPTBots.ai is an enterprise AI agent platform that empowers businesses to streamline operations, enhance customer experiences, and drive growth. Offering end-to-end AI solutions across customer service, knowledge search, data analysis, and lead generation, GPTBots.ai enables enterprises to harness the full potential of AI with ease. With seamless integration into various systems, and support for scalable, secure deployments, GPTBots.ai is dedicated to reducing costs, accelerating growth, and helping businesses thrive in the AI era.

    For more information, please visit www.engagelab.com and www.gptbots.ai.

    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: MoonFox Data Releases New Report: Instant Retail Becomes the Next Battleground as JD.com and Meituan Intensify Food Delivery Competition in China

    Source: GlobeNewswire (MIL-OSI)

    Shenzhen, June 03, 2025 (GLOBE NEWSWIRE) — [Shenzhen, China] – [June 3, 2025] – MoonFox Data, a leading provider of market intelligence and data analytics, today released its latest report, “Instant Retail Remains a Long-Term Battle, and the Food Delivery Battle Is Just the Beginning.” The report reveals how China’s instant retail sector is entering a new phase of fierce competition, with JD.com and Meituan at the forefront, leveraging food delivery as a critical driver of user growth and market expansion in 2025.

    In 2025, JD.com and Meituan engaged in several rounds of online “cross-platform jabs” over their food delivery services. Topics such as “Food Delivery Battle” and “Meituan Issues Another Statement” trended on social media. Amid the ensuing “war of words” and mounting public debate, both platforms’ ambitions in the “instant retail” space were laid bare.

    Tracing back their development, it is evident that JD.com and Meituan have been investing in instant retail for over a decade. As early as 2018, Meituan internally launched the “Flash Sale” brand focused on instant delivery of retail items. However, after 7 years and multiple rounds of fierce competition in community group purchase, “Meituan Flash Sale” was only officially launched as an independent brand in 2025. Meanwhile, from 2015 to 2023, JD.com steadily bolstered its capabilities in supply chain, digitalization, and logistics. By integrating diverse service segments, including JD Health, JD Car Care, and convenience supermarkets, the company established a robust localized service chain. In 2024, building on this integrated capacity, JD.com officially unveiled “JD Instant Delivery” as its flagship instant delivery service.

    Table 1: Development History of Instant Retail Business on Various Platforms

    JD.com Meituan
    2015: Launched “JD Home Delivery” service 2018: Internally launched “Meituan Flash Sale”
    2019: Launched “Meituan Vegetable Shopping”, rapidly expanding into first-tier cities and entering the community group purchase market
    2021: JD.com and DADA jointly launched “JD Hourly Purchase” 2020:

    In July, launched “Meituan Selected” to capture community e-commerce in lower-tier markets

    In September, began deploying “Meituan Flash Warehouse” in first-tier cities
    2022: JD became the controlling shareholder of DADA Group Upgraded “Meituan Vegetable Shopping” to “Xiaoxiang Supermarket” in December 2023, expanding supply from fresh produce to daily retail goods
    2024:

    Integrated “JD Hourly Delivery”, “JD Home Delivery”, etc., and launched “JD Instant Delivery” with a primary entrance on the JD homepage in May

    JD’s fresh food business “7FRESH” opened its first pre-warehouse in Beijing and commenced operations in September

    		 2024:

    Xiaoxiang Supermarket increased its proportion of self-operated products, benchmarking against Freshippo and Sam’s Club, featuring single-portion/small-quantity offerings for differentiation

    Meituan initiated a “Ten Thousand Warehouses for Thousand Cities” network layout; by October, the number of Flash Warehouses exceeded 30,000
    2025:

    Launched food delivery on the JD platform in February

    Rebranded “JD Vegetable Shopping” to “JD 7FRESH” in March, transitioning to a platform model to offer fresh food access from Sam’s Club, Pagoda, Dingdong Vegetable Shopping, and others

    JD launched “Self-operated Instant Delivery” e-commerce service in April; over 100,000 JD-branded offline stores have connected to Instant Delivery; Starbucks Delivery and HLA Group officially came on board

    		 Official launch of Meituan Flash Sale as an independent brand in April 2025

    Data Source: Public information, compiled by MoonFox Research Institute

    I. Instant Retail Shows Strong Potential, but Sustained Survival Remains Challenging

    To begin with, it’s essential to clarify the concepts of local life services and instant retail: Local life services refer to the use of online channels to display information about local brick-and-mortar businesses, with transactions completed offline services (through in-store visits or home). This model emphasizes “geographic relevance”. Instant retail, as a key component of local life services, involves delivering products from local retail models (such as supermarkets, warehouses, and storefronts) directly to consumers through same-city delivery. It covers a wide range of categories, including food & beverages, fresh produce, electronics, and pharmaceuticals. Services like hourly delivery, half-day delivery, community group purchase, and food delivery all fall within the scope of instant retail. Its high time sensitivity is the key factor distinguishing it from traditional e-commerce and parcel delivery.

    The local life services sector is constantly seeing the emergence of new entrants. However, most of these newcomers tend to focus on “in-store” business models rather than delivery-heavy services, as the latter demand robust and fast-changing delivery ecosystems that many find difficult to sustain.

    For example, Douyin launched “Beckoning Food Delivery” in 2021 and formed strategic partnerships with service providers like Ele.me, DADA, and SF Express. However, after lukewarm results, Douyin Life Services pivoted its local service strategy to focus on the business from group purchase to in-store visits. Kwai trialed food delivery through selected local life service merchants in 2023 but did not scale up, maintaining its focus on in-store deals of group purchase. DiDi attempted to launch food delivery twice in China but failed both times and has since shifted its food delivery ambitions to overseas markets in 2025. Community group purchase brands like Nice Tuan, Chengxin Selected and MissFresh shut down around 2023 due to operational difficulties…

    Despite these setbacks, instant retail still holds vast potential within China, especially in lower-tier markets.

    Industry statistics show that in 2024, China’s instant retail market reached approximately RMB 780 billion, accounting for only 6% of total online retail of physical goods. The market distribution between major cities and county-level areas is roughly 7:3. By 2030, the market is expected to surpass RMB 2 trillion.

    Table 2: Instant Retail Market Growth in China (2018 – 2030)

    Year Instant Retail Market Transaction Volume (RMB 100 million) Transaction Volume YoY Growth Share of Online Retail Transaction Volume of Physical Goods
    2018 690 88 % 1.0 %
    2019 1,180 71 % 1.4 %
    2020 2,150 82 % 2.3 %
    2021 2,350 9 % 2.2 %
    2022 5,040 114 % 4.5 %
    2023 6,500 29 % 5.3 %
    2024 7,800 20 % 6.0 %
    2025E 10,030 29 % 7.1 %
    2026E 11,750 17 % 7.7 %
    2023E 20,000 10.1 %

    Data Source: Chinese Academy of International Trade and Economic Cooperation, National Bureau of Statistics, Reports from SDIC Securities, compiled by MoonFox Research Institute.

    II. Platforms Face Growth Anxiety and Urgently Need New Growth Curves

    For JD.com, local life services remain fertile ground with significant untapped potential. Among them, instant retail, characterized by high purchase frequency and rapid conversion, is undoubtedly a critical lever for driving business growth and attracting UV.

    Table 3: Comparison of Different Retail Models (In Terms of Profitability Efficiency: Instant Retail > Traditional E-commerce > Offline Retail)

    Type Instant Retail Traditional E-commerce In-store Visits of Group Purchase Offline Retail
    Consumer Behavior Place order online, with hourly delivery or flash delivery Place order online → shipped via express → received Order online, redeem in-store Browse and purchase in-store, offline payment
    B2B Requirements High-frequency demand; rich product supply is essential

    Low return rate

    Instant fulfillment

    		 High-frequency demand

    High return rate

    Long fulfillment cycle

    		 Pre-purchase vouchers

    Redemption rates fluctuate

    Unstable fulfillment window

    		 Low-frequency demand

    Low return rate

    Instant fulfillment

    Traditional e-commerce has passed its high-growth phase. In recent years, large-scale promotional events such as “618” and “D11” have lost their earlier traction, signaling consumer fatigue towards excessive discounting and promotional gimmicks. In response, e-commerce platforms such as Taobao, JD.com, and Vipshop have extended promotional periods and introduced “Billion-RMB Subsidy” to maintain total sales growth. However, Pinduoduo’s rapid rise and the increasing competitiveness of emerging e-commerce platforms like Douyin and Kwai have created new challenges. JD.com’s dominance, particularly in the electronics product category, is now under threat from multiple fronts.

    During Meituan’s Q3 2024 financial report audio conference, founder Wang Xing commented on industry trends, stating that instant retail will eventually account for over 10% of the total e-commerce market, and that Meituan Flash Sale’s growth has exceeded expectations. The 2024 financial report noted: “In 2024, ‘Meituan Flash Warehouses’ experienced significant growth, particularly in lower-tier markets, where they have become a key growth channel for many retailers. A number of major traditional retail companies have adopted ‘Meituan Flash Warehouse’ model… As our instant delivery business expands, we remain committed to building a sustainable ecosystem.”

    According to Meituan’s financial reports from 2022 to 2024, the platform’s gross profit margin has grown by over 30% YoY for three consecutive years, with its gross margin increasing from 28% to 38%. Core local services revenue maintained a YoY growth rate exceeding 20%, and new business income continued to accelerate. Although Meituan Flash Sale had not yet officially launched, it was repeatedly highlighted in annual financial reports over the past 5 years as a key growth engine for the platform.

    III. JD.com’s Surprise PR Offensive: Rapid Expansion into Meituan’s Core Territory

    In early April, JD.com CEO Xu Ran stated in an interview with 36Kr that the food delivery business could help JD.com increase both user base and purchase frequency, extending its service scenarios.

    On April 15, a leaked 7-minute internal meeting audio recording of Liu Qiangdong revealed his views on the domestic food delivery industry: Food delivery platform commissions can reach as high as 25% (sometimes over 30%), which he attributed to monopolistic practices that force small and medium-sized merchants to cut food quality, negatively impacting the consumer experience. He also proposed differentiated insurance policies for full-time and part-time couriers to better safeguard their rights.

    As early as 2022, Meituan’s financial report showed that its food delivery business had reached a peak of over 60 million orders per day. Although there is still a significant gap in order volume between the two platforms, JD Food Delivery achieved over 10 million in a single day on April 22, reflecting rapid growth.

    Comparing the daily new user growth for merchant and courier platforms since the start of 2025, JD Instant Delivery Merchant Edition and DADA Instant Delivery Courier Edition apps saw a UV surge. According to MoonFox Data, JD Instant Delivery Merchant Edition app peaked in daily new user numbers on April 24. Both platform initiatives and market responses clearly indicate that JD is making a bold incursion into Meituan’s food delivery “stronghold”.

    Table 4: New Daily User Growth on Merchant & Courier Platforms (2025)

    Average Daily New Users Meituan Food Delivery Merchant Edition App Meituan Courier Edition App Meituan Crowdsourcing DADA Instant Delivery Courier Edition App JD Instant Delivery Merchant Edition App
    January 13,236 18,069 18,624 12,345 2,671
    February 14,186 26,081 33,413 69,820 45,454
    March 16,606 23,781 34,178 47,042 50,499
    April 17,256 21,021 31,207 181,658 64,538

    Data Source: MoonFox iApp, Data Cycle: January 1, 2025 – April 27, 2025

    For users, switching between food delivery apps has low friction. With a clear intent to order, pricing and delivery time are often the only decisive factors. Last summer, Ele.me attracted UV via its “Answer to Win Free Meal” campaign, which relied on extremely low discounts and simple, engaging interactions. While Meituan launched “Meal Group Buying”, significantly lowering average order value to retain users through volume sales, though at the cost of some dining experience. In addition, Ele.me also tied its premium membership to Taobao’s 88VIP, leveraging high member stickiness from Taobao to boost Ele.me order frequency.

    For platforms, the fast migration of users and high usage frequency makes food delivery the best UV lever for JD.com to grow its instant retail business. But before that, onboarding a large number of restaurant merchants and recruiting a sufficient courier fleet are essential. Since launching JD Food Delivery on February 11, the platform has used a range of PR tactics to become a major industry topic, quickly moving beyond its cold start into a phase of explosive growth.

    • Late February: JD took the lead in advocating reform in the food delivery sector, focusing on courier welfare. This proactive stance gave JD the upper hand in the initial “war of words”. With value-driven messaging and concrete policy support, JD.com gained public recognition and courier endorsement.
    • In April, JD.com and Meituan entered a second round of confrontation. JD.com issued an open letter condemning Meituan’s various “misdeeds” and simultaneously rolled out new support policies and promotional benefits, once again pushing “JD Food Delivery” into the spotlight across the internet. The following day, “Liu Qiangdong Takes on Food Delivery” showcased JD’s strong commitment to developing its food delivery business. With a light-hearted and humorous public image, Liu won over netizens, who jokingly dubbed his delivery persona “GG Bond”. This, coupled with the platform’s swift marketing response, sparked a new wave of viral attention.

    During this second “war of words” wave, although Meituan responded swiftly with rebuttals, and some couriers questioned the accuracy of JD’s claims on social media, the incentives offered by JD helped counterbalance earlier criticism. However, overall, the various incentives released by the platform are helping to offset the negative public opinion caused by early-stage issues. JD has still managed to earn the trust of most merchants and couriers.

    Table 5: Platform-level New User Scale Growth

    Average Daily New Users Meituan App JD App
    January 2,031,496 862,633
    February 1,168,203 807,748
    March 1,265,657 889,403
    April 1,331,168 1,484,954

    Data Source: MoonFox iApp, Data Cycle: January 1, 2025 – April 27, 2025

    Table 6: Key Events in the 2025 “Food Delivery Battle”

    Key Date JD.com Actions Meituan Responses
    February 24 JD Food Delivery announced “Three Key Policies”: no commission all year, full social insurance for full-time couriers, and mandatory dine-in capability for merchants Meituan launched the “City Defense Plan”, lowering core merchant commissions from 23% to 6% – 8%.
    April 14 JD launched “Self-operated Instant Delivery” Meituan Flash Sale launched.
    April 21 JD issued an open letter: accusing Meituan of forcing couriers to choose one platform and announced plans to recruit 100,000 full-time couriers and offer a “late delivery, free meal” policy. Meituan denied the accusations and ramped up subsidies.
    April 22 JD Food Delivery surpassed 10 million daily orders; “Liu Qiangdong Takes on Food Delivery” trended online.

    IV. The “Food Delivery Battle” Ushers in a New Era of Instant Retail Competition

    In April, amid the intense “Food Delivery Battle” between JD.com and Meituan, both Meituan “Flash Sale” and JD’s “Self-operated Instant Delivery” services were launched simultaneously.

    Just ahead of the Labor Day holiday, “Taobao Flash Sale” went live in 50 cities, followed by a nationwide rollout on May 2. To drive up order frequency during the holiday, Taobao partnered with Ele.me to issue substantial consumer subsidies such as free-order card and treat-voucher card.

    According to MoonFox Data, since April 2025, JD.com’s daily new user volume has continuously increased, and has surpassed Meituan’s since April 16. Since the launch of its food delivery service, JD.com has also seen a steady rise in average user online time. As of April 23, average daily online time reached 14.27 minutes per user, increased by 54% compared with the same period last year.

    Table 7: Changes in JD.com’s Active User Online Time

    Month Average Usage Time (mins/month)

    MoM Changes
    2024-4 276.31 -4.3 %
    2024-5 300.10 8.6 %
    2024-6 310.27 3.4 %
    2024-7 292.11 -5.9 %
    2024-8 291.60 -0.2 %
    2024-9 309.98 6.3 %
    2024-10 337.85 9.0 %
    2024-11 332.55 -1.6 %
    2024-12 319.87 -3.8 %
    2025-1 329.24 2.9 %
    2025-2 310.20 -5.8 %
    2025-3 343.47 10.7 %
    2025-4 384.93 12.1 %

    Data Source: MoonFox iApp, Data Cycle: April 28, 2024 – April 23, 2025

    Despite reports of issues such as “inefficient processes” and “system bugs” with JD Food Delivery, there are still many shortcomings in the courier operation procedures that need to be addressed. However, driven by benefits related to commission rates and employee protection, a large number of couriers are switching platforms, while food delivery merchants and offline stores are also accelerating their entry into “JD Instant Delivery”. With intensified investment in business development models, infrastructure construction, and supporting policies, both JD and Meituan are stepping up efforts to seize market share.

    Table 8: Platform Characteristics Comparison

    Infrastructure JD Instant Delivery Meituan Flash Sale
    Warehouse Mode Centralized Warehouses (self-operated) + Branded Stores (as front warehouses) Flash Warehouse + Offline Retail Stores
    Delivery Service DADA Instant Delivery(contracted couriers) + JD Logistics Third-party Service Provider Contracted Couriers
    Introduction Stage

    Policy Advantages

    		 0% commission for select premium merchants

    “Billion-RMB Subsidy” campaign for JD Food Delivery users

    Job & insurance support for couriers

    		 0% commission for Flash Warehouse franchising (initial investment > RMB 300K)

    Exclusive UV privilege, “Climbing Plan” course and customized support for new merchants
    Digital Platform JD Instant Delivery Open Platform Meituan Morning Glory System
    Coverage Area As of May 2024, JD Instant Delivery has covered 2,300 counties/cities, with 500K+ partner stores As of October 2024, Meituan has had over 30K flash warehouses
    UV Entrance JD App (homepage + search bar) Meituan Homepage + Meituan Food Delivery

    Data Source: Public information, compiled by MoonFox Research Institute

    Meituan’s instant retail business is an extension of its food delivery capabilities, relying on third-party franchises and offline retail store partnerships for warehousing, and service-provider-based courier models. This asset-light strategy plays to Meituan’s platform operation strengths, enabling rapid territorial expansion across cities.

    JD’s instant retail business places greater emphasis on its “self-operated” model, leveraging its early investments in e-commerce warehousing as a key foundation. It expands operations based on regional fulfillment centers while strengthening partnerships with offline stores, particularly branded chain stores, to enhance delivery efficiency and ensure product quality, a strategy that aligns with users’ existing perception of JD’s authenticity and logistics capabilities in e-commerce. The supply of local couriers primarily relies on contracted riders from DADA Instant Delivery. In recent years, JD Group’s increasing equity stake in DADA has further strengthened its influence over last-mile delivery in the instant retail sector.

    The attention generated by the “Food Delivery Battle” and the boom of instant retail has created invisible pressure for traditional e-commerce giants like Taobao. Taobao, backed by Alibaba’s vast ecosystem, including Tmall Supermarket, Amap, Ele.me, Freshippo, and Alipay, has promising opportunities in the local life service sector. However, the coordination between different business units and the logistics efficiency within the last 3 to 5 kilometers remain key challenges that the platform must overcome to scale its instant retail business.

    At present, Taobao Flash Sale appears to be a combination of Ele.me’s original food delivery services and Taobao’s previous “hourly delivery” feature, swiftly entering the competition to drive UV and user engagement. During the Labor Day holiday, topics such as #Taobao Flash Sale Crashed# even trended on social media platforms.

    For Meituan, instant retail represents a new growth engine; For JD.com, it is a strategic lever to drive growth across its entire e-commerce ecosystem. Compared with the overt and covert competition between the two giants, the rapid launch of Taobao Flash Sale is more of a defensive move. Its long-term prospects remain to be seen. For now, all major platforms are still focused on strengthening infrastructure and optimizing operational efficiency, with instant retail shaping up to be a long-term battle.

    About MoonFox Data

    As a sub-brand of Aurora Mobile, MoonFox Data is a leading expert in data insights and analysis services across all scenarios. With a comprehensive, stable, secure and compliant mobile big data foundation, as well as professional and precise data analysis technology and AI algorithms, MoonFox Data has launched iAPP, iBrand, iMarketing, Alternative Data and professional research and consulting services of MoonFox Research, aiming to help companies gain insights into market growth and make accurate business decisions.

    About Aurora Mobile

    Aurora Mobile (NASDAQ: JG) established in 2011, is a leading customer engagement and marketing technology service provider in China. Its business includes notification services, marketing growth, development tools, and data products.

    For Media Inquiries:

    Contact: zhouxt@jiguang.cn | Website: http://www.moonfox.cn/en

    The MIL Network –

  • MIL-OSI: Grow Your IB and Affiliate Business with Axi at the 2025 Money Expo Colombia

    Source: GlobeNewswire (MIL-OSI)

    SYDNEY, June 03, 2025 (GLOBE NEWSWIRE) — Leading online FX and CFD broker Axi has announced that it will attend this year’s Money Expo Colombia, taking place June 25-26, 2025, in Bogota, Colombia.

    Event attendees will have the opportunity to explore how they can grow their IB and Affiliate business. “We invite all traders to visit our booth and connect with our team,” says Santiago Vazquez-Munoz, Regional Head for UK, Europe, and LATAM, before adding, “We look forward to showcasing how our exceptional partnership opportunities can help traders elevate their business. Attendees at the expo will also have access to exclusive deals available only during the event.” Furthermore, attendees will also have the opportunity to learn about Axi Select, Axi’s capital allocation program featuring zero registration or registration fees, capital funding up to $1,000,000 USD, the opportunity to earn up to 90% of the profits, and advanced tools to accelerate traders’ trading potential.

    Football enthusiasts can also visit Axi’s booth to get an inside look at the broker’s longstanding partnership with Manchester City, Premier League Champions. Manchester City memorabilia and the club’s mascots will be on-site for photo opportunities, and attendees will have the chance to win exciting prizes from the broker – including signed player shirts and other merchandise.

    The broker has a longstanding partnership with Manchester City FC, Girona FC, and Esporte Clube Bahia. In 2023, they also announced England international John Stones as their Brand Ambassador. In 2024, the broker was recognised with the ‘Innovator of the Year’ award at the Dubai Forex Expo, and was honoured by Finance Feeds with the titles of ‘Most Reliable Broker’, ‘Broker of the Year’ and ‘Most Innovative Proprietary Trading Firm’.

    Watch video : https://youtu.be/92qBSHsGHMM?si=0pdt_bV7sAdQVOsB

    About Axi

    Axi is a global online FX and CFD trading company, with thousands of customers in 100+ countries worldwide. Axi offers CFDs for several asset classes including Forex, Shares, Gold, Oil, Coffee, and more.

    For more information from Axi, please contact: mediaenquiries@axi.com

    The Axi Select program is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available to AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees and minimum deposit apply.

    The MIL Network –

  • MIL-OSI Economics: Mary-Elizabeth McMunn: Outcomes and opportunities – responding to challenge and change

    Source: Bank for International Settlements

    Good morning.  Thank you to Irish Funds for the invitation to address their Annual Global Funds Conference today.

    The theme of this year’s conference – ‘Towards 2030: Acceleration, Transformation & Innovation’ – is a fitting one. 

    Given the volatility of global events over the last few weeks, it is more important than ever that we continue to look to future.  Both to understand and be able to take advantage of potential opportunities – particularly with regard to transformation and innovation – but also to be prepared for whatever the future may hold.  

    But before I look to the future, I will spend a few moments looking back – and taking stock of recent and potentially seismic global developments. 

    Shifting geo-political plates

    The last few months and indeed weeks have seen a sudden shift in geo-economic fragmentation both in terms of an accelerated pace and scale. 

    While a return to more protectionist policies had been forecast for some time – and specific events such as COVID-19 and the Russian invasion of Ukraine provided concrete examples of trade fragmentation and heightened geopolitical tensions – the recent and potentially significant fracturing of trading relations has come about quite suddenly.

    MIL OSI Economics –

  • MIL-OSI Economics: Edward S Robinson: Welcome remarks – 12th Asian Monetary Policy Forum

    Source: Bank for International Settlements

    Good morning.
    Deputy Prime Minister Heng Swee Keat, 
    Managing Director Chia Der Jiun,
    Distinguished speakers, central bank colleagues,
    Honoured Guests.

    Introduction

    Thank you for taking the time to be here for the 12th Asian Monetary Policy Forum. We are greatly honoured that DPM Heng Swee Keat has been able to join us. He provided the impetus to the inception of ABFER/AMPF a decade ago and has continued with strong counsel and encouragement.  DPM as a policymaker internalises the economic way of thinking. He applies careful and thoughtful analytical reasoning based on the evidence to a range of policy issues, including enhancing the economy’s macro-competitiveness. He has made significant contributions to the strengthening of Singapore’s international trade relationships and holds a deep conviction in the benefits of comparative advantage and broader economic complementarities across countries. DPM has played a pivotal role in ingraining the principles and practices that define Singapore’s robust, forward-looking approach to economic policy making. 

    The Global Economic Context

    In 2024, the global economy was showing clear signs of recovery. Inflation was easing, growth was holding steady at potential, and central banks were beginning to cut policy rates. Yet today, prospects have darkened against conditions of underlying unpredictability.

    The Economics of Protectionism

    Economists readily acknowledge the firm case against protectionism. Import taxes destroy trade benefits by disrupting efficient resource allocation and reducing consumer surplus, as domestic households face higher prices and fewer choices. Both the targeted and tariff-imposing economies suffer. 

    MIL OSI Economics –

  • MIL-OSI Economics: Asian Development Blog: Why Central Banks in Asia Should Consider Cutting Interest Rates

    Source: Asia Development Bank

    Amid global trade uncertainty and moderating inflation, several Asian economies face growing pressure to reduce interest rates. Falling inflation, high real interest rates, weakening growth, and a softening US dollar suggest conditions may be right for monetary easing in parts of the region.

    MIL OSI Economics –

  • MIL-OSI: Minimum income (minimumsudlodning) 2025

    Source: GlobeNewswire (MIL-OSI)

    Privately taxed investors in funds managed by Storebrand Asset Management AS are subject to minimum income tax (minimumsudlodning) for 2025.

    Investors who owned units in the equity funds below on 30 April 2025 (value date 2 May) will be taxed as follows:

    Fund name and share class Symbol SE-number Technical distribution pr unit in DKK (Aktieindkomst)
    SKAGEN Focus A NO0010735129 13 34 14 27 26,69
    SKAGEN Global A NO0008004009 13 34 12 65 0
    SKAGEN Kon-Tiki A NO0010140502 13 34 14 19 128,12
    SKAGEN Vekst A NO0008000445 13 34 12 57 240,19
    Storebrand Global Multifactor A5 NO0010841596 13 34 15 67 185,32
    Storebrand Global Plus A5 NO0010841604 13 34 17 10 0
    Storebrand Global Plus B5 NO0012882333 13 38 33 67 6,18
    Storebrand Global Plus C5 NO0012882341 13 37 68 24 0
    Storebrand Global Solutions A5 NO0010841612 13 34 16 64 98,89
    Storebrand Indeks – Alle Markeder A5 NO0010841588 13 34 16 21 38,77
    Storebrand Indeks – Alle Markeder B5 NO0012882101 13 37 67 27 21,48
    Storebrand Indeks – Alle Markeder C5 NO0012882119 13 37 67 51 21,37
    Storebrand Indeks – Nye Markeder A5 NO0010841570 13 34 16 56 48,36

    Note that the dividend is not paid out but remains in the fund.

    For tax purposes, the technical distribution (non-effective payment) should be added to the purchase price of original units. The amount is considered to have been acquired at the same time as the original units, and with a sum that corresponds to the technical distribution.

    Regards
    Storebrand Asset Management AS

    Contacts:

    Henrik Budde Gantzel, Director, henrik.budde.gantzel@storebrand.no
    Frode Aasen, Product Manager, fdc@storebrand.com

    Storebrand is Norway’s largest private asset manager with an AuM of around DKK 900 billion, and a leading Nordic provider of sustainable pensions and savings. The company has been a global pioneer in ESG investing for over 30 years, offering broad and scalable solutions for both institutional and private investors in the Nordic region and other European countries. In Denmark, Storebrand delivers sustainable investment solutions and client value through a multi-boutique platform, with the brands Storebrand Funds, SKAGEN Funds, Cubera Private Equity, Capital Investment and a majority ownership of AIP.

    The MIL Network –