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  • MIL-OSI USA: Congressman DeSaulnier Announces Advancement of $35 Million for Projects to Benefit Contra Costa and Alameda Counties

    Source: United States House of Representatives – Congressman Mark DeSaulnier Representing the 11th District of California

    Washington, D.C. – Today, Congressman Mark DeSaulnier (CA-10) announced that he advanced 15 projects totaling over $35 million to benefit Contra Costa and Alameda Counties for consideration by the U.S. House Committee on Appropriations as part of the Fiscal Year 2026 appropriations process. These projects would help to support public health and safety, transportation accessibility and community development, and environmental protection and sustainability in California’s 10th Congressional District. Each year Congress provides Member-directed federal funding to a select number of Community Projects through the appropriations process. Under this process, each House member is allowed to submit 15 project requests on behalf of their Congressional District to the Appropriations Committee that meet the criteria set forth by the Committee.

    “I am proud to again advance over $35 million in funding that would directly benefit communities in Contra Costa and Alameda Counties by making our roads safer and more accessible, improving our outdoor spaces, providing cost-savings and environmental benefits through sustainability, and bolstering protection from crime and natural disasters,” said Congressman DeSaulnier. “I appreciate the effort of and collaboration with our local governments and organizations in submitting these projects, and I will continue to fight to see them through this legislative process and get the funding delivered to our district.”

    “We are grateful for Congressman DeSaulnier’s leadership in advancing five projects that will improve safety, emergency response, and transportation infrastructure in Contra Costa County. These critical investments will ensure that Contra Costa continues to be a safe and welcoming place for residents and businesses to thrive. We appreciate the Congressman’s foresight in selecting these projects, which offer regional benefits to our community,” said Candace Andersen, Chair of the Contra Costa County Board of Supervisors.

    “Central San wishes to express our sincere gratitude to Congressman DeSaulnier for championing our Ultraviolet (UV) Disinfection Replacement Project. This critical project will provide direct community benefits by improving the resiliency of Central San’s wastewater operations during extreme weather events and significantly reducing its energy footprint. This federal funding will support the transition to a state-of-the-art UV system that will make the wastewater treatment plant more sustainable and energy efficient because it will decrease energy use and meaningfully reduce greenhouse gases produced annually,” said Roger Bailey, General Manager of Central Contra Costa Sanitary District.

    “For truly safe and stable communities, we must make robust investments in public safety, including preventing and prosecuting organized retail theft and fighting labor trafficking. Efforts like the Healing and Justice for Survivors of Labor Trafficking program are designed to significantly increase funding for the number of Victim Witness Unit staff, allowing them to better provide education, outreach, and support for survivors. Congressman Mark DeSaulnier’s success in securing this crucial funding demonstrates his deep understanding of these fundamental needs,” said Diana Becton, District Attorney, Contra Costa County.

    “We appreciate the support from Congressman DeSaulnier in advancing our Community Project Funding request to provide resilient and modern emergency power infrastructure to support the East Bay Regional Communications System.  This project will have a direct impact on improving the public safety radio infrastructure for our firefighters, ambulance crews, and all first responders throughout Contra Costa County and northern Alameda County.  Congressman DeSaulnier is helping us to keep our communities and our first responders safe with this critical infrastructure investment,” said Lewis Broschard, Fire Chief, Contra Costa County Fire Protection District.

    “Investing in energy-efficient storage infrastructure ensures County Connection can power our future fleet with greater reliability and lower costs. This system strengthens our ability to deliver vital transit service during emergencies and supports a cleaner, more resilient future for our community. We’re grateful that Congressman DeSaulnier shares our commitment to sustainability and smart investment in local transit,” said Bill Churchill, General Manager, Central Contra Costa County Transit Authority.

    “We are extremely grateful to be included for consideration; upgrading our officer’s body worn cameras is an important public safety project for our residents and our police department,” said Cindy Darling, Mayor of Walnut Creek.

    “The Contra Costa Transportation Authority (CCTA) sincerely appreciates Congressman DeSaulnier’s continued support in advancing innovative transportation solutions in our county. This critical funding will allow CCTA to implement smart signal technology in the Cities of Antioch and Oakley, enabling signal synchronization, enhanced traffic flow, and smooth congestion. The upgraded system will also prioritize transit and emergency vehicles and support countywide efforts to achieve Vision Zero goals,” said Tim Haile, Executive Director, Contra Costa Transportation Authority.

    “The City of Dublin is proud to have Congressman DeSaulnier’s support for our Community Project Funding Request for the Village Parkway Reconstruction and Complete Streets Project. This important project will address critical infrastructure needs by resurfacing roads, improving bicycle access, enhancing safety, and upgrading sidewalks near Dublin High School. Once complete, Village Parkway will be a significantly safer and more accessible corridor for all who live, work, and travel in Dublin,” said Sherry Hu, Mayor of Dublin.

    “We are grateful for Congressman DeSaulnier’s vital support of this critical project. Upgrading our emergency generators will significantly enhance the resilience of the communication systems our first responders rely on during emergencies and disasters,” said Jon King, Board Chair, East Bay Regional Communications System Authority.

    “Thanks to Congressman DeSaulnier’s support, the Marsh Drive Class I Bikeway Project will close a 1.3-mile gap in Contra Costa County’s expansive bicycle network, providing the residents of Pacheco and Martinez a low-stress and multi-use bicycle and pedestrian facility that connects to the 32-mile Iron Horse Regional Trail, improving connectivity to neighboring jurisdictions such as the City of Concord and City of Pleasant Hill, while also improving access to recreational areas such as the lower Walnut Creek channel and Pacheco Marsh. The project will help Contra Costa County achieve its ambitious “Vision Zero” safety goal of having zero fatalities or severe injuries along its road network,” said Warren Lai, Director, Contra Costa County Public Works.

    “We greatly appreciate Congressman DeSaulnier championing the Treat Boulevard Corridor Improvements Project, a multi-modal project that will construct bicycle lanes and enhanced pedestrian infrastructure along Treat Boulevard in the Contra Costa Centre Transit Village of Walnut Creek. The Treat Boulevard Corridor Improvements will provide a critical connection to the region’s 32-mile Iron Horse Regional Trail and active transportation options for commuters and residents of Walnut Creek. This project will transform the road corridor into a model example of complete streets design, improving connectivity to light rail transit (Bay Area Rapid Transit, or BART, Pleasant Hill/Contra Costa Centre Station), high-density housing, and thousands of jobs, further supporting economic, health, and transportation benefits for the Contra Costa Centre and Walnut Creek areas,” said Warren Lai, Director, Contra Costa County Public Works.

    “This is more than a park project – it’s about honoring history, creating access, and supporting public spaces which will serve generations to come. The South of Bailey Road Community Development Project will open 890 acres of land to the public at Thurgood Marshall Regional Park – Home of the Port Chicago 50, laying the foundation for a regional destination rooted in community and remembrance. We deeply appreciate Representative DeSaulnier’s leadership in moving this vision forward,” said Sabrina Landreth, General Manager, East Bay Regional Park District.

    “We are deeply grateful that Congressman DeSaulnier has again selected our Ocean Ambassadors educational program for consideration for Community Project Funding through the Appropriations Committee,” said Cecily Majerus, Chief Executive Officer, The Marine Mammal Center. “Environmental literacy is crucial. This critical funding support would allow the Center to expand our Ocean Ambassadors in Contra Costa County—bringing high-impact, standards-aligned marine science learning to more classrooms through educator training, coaching, and peer mentoring.”

    “The Danville Townwide Fiber project is a transformative step toward a more connected and resilient community. By expanding our fiber infrastructure, we are ensuring that Danville’s traffic systems are smarter, safer, and prepared for the future,” said Renee Morgan, Mayor of Danville.

    “We are grateful for Congressman DeSaulnier’s continued support and unwavering commitment to help Diablo Water District build a resilient water system capable of withstanding potential seismic risks to our underground transmission lines and above-ground steel reservoirs,” said Dan Muelrath, General Manager, Diablo Water District.

    “On behalf of the City of Concord, I extend our sincere thanks to Congressman DeSaulnier for championing the effort to improve our Emergency Operations Center. His support is vital to addressing critical infrastructure needs that impact our emergency response and community safety. This funding will help transform the EOC into a modern, resilient facility that strengthens regional preparedness and protects lives. We deeply appreciate his leadership and commitment to public safety,” said Carlyn Obringer, Mayor or Concord.

    Transportation Accessibility and Community Development Projects:

    • $3,900,000 for the Town of Danville to install fiber optic cables and construct new conduit and junction boxes for 54 traffic signals in Danville to enable real-time traffic signal optimization to reduce traffic congestion and improve safety, and allow for future implementation of smart city technologies.
    • $3,000,000 for the City of Dublin to improve safety and accessibility of Village Parkway by narrowing vehicle lanes, adding lighting, and constructing buffered bike lanes, wider sidewalks, and protected intersections.
    • $2,000,000 for the Contra Costa County Public Works Department to create a separate bike path to fill a gap in the County-wide bicycle network along Marsh Drive in unincorporated Pacheco, which will improve safety for all road users and access to local commercial centers, recreational centers, and additional connections to the local mass transit system.
    • $2,000,000 for the East Bay Regional Park District to construct visitor facilities such as restrooms, drinking fountains, public parking areas, and a turnout lane on Bailey Road to allow for the Thurgood Marshall Regional Park to be opened up to the public.
    • $1,970,010 for the Contra Costa Transportation Authority (CCTA) to upgrade and develop a network of smart traffic signals between Antioch and Oakley to improve commute times, reduce delays, and ease congestion.
    • $1,500,000 for the Contra Costa County Public Works Department to construct bicycle and pedestrian facilities on Treat Boulevard in the Contra Costa Centre Transit Village in Walnut Creek to close a critical gap along the Iron Horse Regional Trail, which would improve safety for non-motorized road users and improve connectivity for first and last mile connections to public transit and local commercial establishments.

    Public Health and Safety Projects:

    • $4,875,000 to the Diablo Water District to provide structural and foundational reinforcements to water infrastructure to mitigate risks associated with major seismic events, safeguard water supply, and contribute to the region’s overall disaster preparedness strategy.
    • $3,649,671 to the City of Concord to make improvements to the Emergency Operations Center in Concord to ensure its longevity, efficiency, and resilience as it serves as a critical hub for bolstering regional preparedness, response, and recovery efforts during emergencies and disasters.
    • $1,915,000 for the Contra Costa County Fire Protection District (Con Fire) to replace and install equipment, including backup generators, shore power plugs, and automatic transfer switches, at radio towers across Contra Costa County that are used for communication between law enforcement, fire, and emergency medical services to improve system reliability during emergencies and disasters that result in the loss of power.
    • $1,000,000 to the City of Walnut Creek to purchase 120 body worn cameras, charging docks, and equipment to promote transparency, accountability, and public trust in the police department.
    • $600,000 for the Contra Costa County District Attorney’s Office to create an Organized Retail Theft (ORT) Prevention and Prosecution Unit with the goal of addressing increased levels of retail theft crimes, helping local law enforcement better confront these types of crimes, and improving public safety.
    • $500,000 for the Contra Costa County District Attorney’s Office to enhance the identification and referral of survivors of labor trafficking and cases of labor trafficking occurring in the County, increase the capacity of the District Attorney’s Office to investigate cases of labor exploitation and trafficking, and improve the quality and scope of services provided to underserved and marginalized victims of human trafficking.

    Environmental Protection and Sustainability Projects:

    • $4,000,000 to the Central Conta Costa Sanitary District (Central San) to upgrade the water treatment facility’s ultraviolet (UV) technology to reduce the energy footprint of water treatment and protect public health and water quality in the region.
    • $4,000,000 to the Central Contra Costa Transit Authority (County Connection) to construct a battery system to allow the agency to charge its zero emission buses overnight, and provide a source of power to maintain operations during emergencies.
    • $272,918 for the Marine Mammal Center to help build scientific literacy and environmental stewardship of the coastal zone for 2,7000 students and their teachers and to develop a pipeline for the future STEM workforce.

    Selection and submission of projects to the Appropriations Committee is the first stage of the process for Community Project Funding. The projects are subject to a strict transparency and accountability process, which is detailed here by the Appropriations Committee. Examples of this vetting include certifying that Members have no financial interest in these projects, an audit of a sampling of these projects by the Government Accountability Office, and a requirement for demonstrated community support and engagement for each submission. More information on each project and the certifications of no financial interest can be found here.

     

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    MIL OSI USA News –

  • MIL-OSI Africa: African Mining Week to Highlight Coal’s Role in Regional Energy Security, Industrialization

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

    CAPE TOWN, South Africa, June 2, 2025/APO Group/ —

    As Africa leverages coal to drive industrialization and support sustainable development, African Mining Week (AMW) – the continent’s premier platform for mining stakeholders – will highlight investment opportunities within the coal sector. Scheduled for October 1–3, 2025 in Cape Town, the event will unite project developers, investors, policymakers and technology providers to advance coal-focused deals and partnerships.

    A dedicated panel discussion, “Coal’s Indispensable Role: Powering Africa’s Downstream Processing and Manufacturing Boom,” will explore how coal contributes to energy security, economic growth and job creation across the continent.

    Coal remains a critical driver of energy security in Africa. The continent is expected to increase coal use by 6 million tons to 191 million tons per annum by 2027 under efforts to enhance the resilience of the electricity network, according to the International Energy Agency. In South Africa – Africa’s largest producer and the world’s sixth – the coal sector has been crucial in addressing load shedding, with a 7% increase in coal use in 2023 and 2024 strengthening the grid. On the global stage, African coal also plays an important role, accounting for over 3.5% of the world’s total production, with producers such as Mozambique, Zimbabwe, Zambia and Botswana kickstarting new projects and optimizing existing assets. South Africa exports 28% of its coal production and ranks as the world’s fourth largest coal exporting market.

    Glencore increased its South African coal production by 5% in Q1 2025 compared to the same period last year, reaching 4.2 million tons. In March 2025, Seriti Resources inaugurated the R500 million Naudesbank Colliery in Mpumalanga province, shortly after coal was designated a critical mineral by South Africa’s Ministry of Mineral and Petroleum Resources. Meanwhile, Canyon Coal is preparing to break ground on the R1.5 billion Sukuma Mine, targeting 7.2 million tons of annual output. In Zimbabwe, Contago Holdings’ Muchesu project – backed by Huo Investments – is ramping up production to meet both domestic and export demand.

    Recognizing coal’s strategic importance in shaping a just and inclusive energy transition and economic diversification, global public and private sector players are ramping up investment. In a landmark policy reversal in May 2025, the U.S. Export-Import Bank lifted its ban on financing overseas coal projects, opening new channels for international funding for African projects. South Africa’s Exxaro and Eskom have entered into a joint agreement to invest in emissions reduction technologies, supporting cleaner coal usage aligned with just energy transition objectives. In Mpumalanga, Blue Ammonia Production is progressing with its R31.5 billion Suiso Coal-to-Fertilizer project, poised to create 4,000 jobs and enhance regional agricultural productivity. Botswana is similarly advancing a $2.5 billion coal-to-liquids plant, designed to strengthen the country’s energy and fuel security. With African coal producers generating substantial revenue from coal exports, the industry will be crucial in funding the continent’s renewable energy deployment and energy mix diversification, facilitating a just and inclusive energy transition

    African Mining Week 2025 will serve as a strategic platform to explore these developments and examine coal’s evolving role in Africa’s industrial future. The event will place a strong emphasis on sustainable coal practices that balance development with environmental stewardship and long-term transition goals.

    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.

    MIL OSI Africa –

  • MIL-OSI Africa: Ghana’s President Mahama to Deliver Keynote Address at Mining in Motion 2025

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

    ACCRA, Ghana, June 2, 2025/APO Group/ —

    John Dramani Mahama, President of the Republic of Ghana, will deliver the keynote address at the official opening of the Mining in Motion conference, taking place from June 2-4 at the Kempinski Hotel in Accra. His address will outline the country’s strategy and efforts by Africa to drive economic development through the sustainable exploitation of mineral resources.  

    As Africa’s leading gold producer, Ghana – under the leadership of President Mahama – continues to set the standard in sustainable resource management, investment attraction and local content development. In 2024, the country’s gold mining sector generated $11.6 billion, with small-scale gold mining (https://apo-opa.co/4kJg71D) alone contributing $5 billion in export revenue and employing over one million people. The President’s participation underscores Ghana and Africa’s commitment to fostering a responsible, high-growth mining industry that supports economic expansion and job creation.

    Under the theme, Sustainable Mining & Local Growth – Leveraging Resources for Global Growth, Mining in Motion 2025 will convene Africa’s top industry stakeholders, global investors and leading institutions – including the World Bank and the World Gold Council – to explore emerging trends, regulatory developments and technological advancements shaping the future of mining. The conference will highlight Ghana and Africa’s strategic vision, emphasizing policies that enhance local benefits, promote sustainability and strengthen international partnerships.

    Organized by the Ashanti Green Initiative – led by Oheneba Kwaku Duah, Prince of Ghana’s Ashanti Kingdom – in collaboration with the World Bank and the World Gold Council, with the support of Ghana’s Ministry of Lands and Natural Resources, the summit offers unparalleled opportunities to connect with industry leaders and engage in critical discussions on artisanal, small-scale and large-scale mining.

    Stay informed about the latest advancements, network with industry leaders, and engage in critical discussions on key issues impacting ASGM and medium to large scale mining in Ghana. Secure your spot at the Mining in Motion 2025 Summit by visiting www.MiningInMotionSummit.com. For sponsorship opportunities or delegate participation, contact Sales@ashantigreeninitiative.org.

    MIL OSI Africa –

  • MIL-OSI: Sydbank A/S share buyback programme: transactions in week 22

    Source: GlobeNewswire (MIL-OSI)

    Company Announcement No 25/2025

    		 Peberlyk 4
    6200 Aabenraa
    Denmark

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

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

    Dear Sirs

    Sydbank A/S share buyback programme: transactions in week 22
    On 26 February 2025 Sydbank A/S announced a share buyback programme of DKK 1,350m. The share buyback programme commenced on 3 March 2025 and will be completed by 31 January 2026.

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

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

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

    895,000

    		  

    374,860,860.00
    26 May 2025
    27 May 2025
    28 May 2025
    29 May 2025 (public holiday)
    30 May 2025 (bankholiday)    		 14,000
    12,000
    12,000
    –
    –    		 445.69
    442.08
    440.24
    –
    –    		 6,239,660.00
    5,304,960.00
    5,282,880.00
    –
    –
    Total over week 22 38,000   16,827,500.00
    Total accumulated during the
    share buyback programme

    933,000

    		  

    391,688,360.00

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

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

    Following the above transactions, Sydbank A/S holds a total of 938,074 own shares, equal to 1.83% of the Bank’s share capital.

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

    Attachment

    The MIL Network –

  • MIL-OSI Asia-Pac: Provisional statistics of retail sales for April 2025

    Source: Hong Kong Government special administrative region

         The Census and Statistics Department (C&SD) released the latest figures on retail sales today (June 2).

         The value of total retail sales in April 2025, provisionally estimated at $28.9 billion, decreased by 2.3% compared with the same month in 2024. The revised estimate of the value of total retail sales in March 2025 decreased by 3.5% compared with a year earlier. For the first 4 months of 2025 taken together, it was provisionally estimated that the value of total retail sales decreased by 5.6% compared with the same period in 2024.

         Of the total retail sales value in April 2025, online sales accounted for 8.1%. The value of online retail sales in that month, provisionally estimated at $2.3 billion, decreased by 3.5% compared with the same month in 2024. The revised estimate of online retail sales in March 2025 decreased by 0.5% compared with a year earlier. For the first 4 months of 2025 taken together, it was provisionally estimated that the value of online retail sales decreased by 2.2% compared with the same period in 2024.

         After netting out the effect of price changes over the same period, the provisional estimate of the volume of total retail sales in April 2025 decreased by 3.3% compared with a year earlier. The revised estimate of the volume of total retail sales in March 2025 decreased by 4.7% compared with a year earlier. For the first 4 months of 2025 taken together, the provisional estimate of the total retail sales decreased by 7.2% in volume compared with the same period in 2024.

         Analysed by broad type of retail outlet in descending order of the provisional estimate of the value of sales and comparing April 2025 with April 2024, the value of sales of commodities in supermarkets decreased by 2.4%. This was followed by sales of jewellery, watches and clocks, and valuable gifts (-1.7% in value); wearing apparel (-5.6%); motor vehicles and parts (-53.4%); fuels (-12.5%); footwear, allied products and other clothing accessories (-5.1%); furniture and fixtures (-16.7%); and optical shops (-0.2%).

         On the other hand, the value of sales of other consumer goods not elsewhere classified increased by 13.4% in April 2025 over a year earlier. This was followed by sales of medicines and cosmetics (+7.2% in value); food, alcoholic drinks and tobacco (+3.0%); electrical goods and other consumer durable goods not elsewhere classified (+1.6%); commodities in department stores (+2.1%); books, newspapers, stationery and gifts (+11.7%); and Chinese drugs and herbs (+3.8%).

         Based on the seasonally adjusted series, the provisional estimate of the value of total retail sales increased by 4.2% in the three months ending April 2025 compared with the preceding three-month period, while the provisional estimate of the volume of total retail sales increased by 7.1%.

    Commentary

         A government spokesman said that retail sales performance showed signs of stabilisation in recent months. The value of total retail sales recorded a modest year-on-year decline of 2.3% in April 2025. The decline narrowed further in April compared with the previous months despite the effect of the late arrival of the Easter holidays this year (in mid-April this year but in the junction of March and April last year) when more residents made outbound trips during the month.

         Looking ahead, the spokesman said that the Government’s proactive promotion of tourism and mega events will help stimulate the consumption market. Increase in employment earnings and sustained steady growth of the Mainland economy will also bolster consumption sentiment. These factors will be supportive to the retail sector, though ongoing changes in consumption patterns and competition among businesses amid the uncertain macroeconomic environment will still pose challenges.

    Further information

         Table 1 presents the revised figures on value index and value of retail sales for all retail outlets and by broad type of retail outlet for March 2025 as well as the provisional figures for April 2025. The provisional figures on the value of retail sales for all retail outlets and by broad type of retail outlet as well as the corresponding year-on-year changes for the first 4 months of 2025 taken together are also shown.

         Table 2 presents the revised figures on value of online retail sales for March 2025 as well as the provisional figures for April 2025. The provisional figures on year-on-year changes for the first 4 months of 2025 taken together are also shown.

         Table 3 presents the revised figures on volume index of retail sales for all retail outlets and by broad type of retail outlet for March 2025 as well as the provisional figures for April 2025. The provisional figures on year-on-year changes for the first 4 months of 2025 taken together are also shown.

         Table 4 shows the movements of the value and volume of total retail sales in terms of the year-on-year rate of change for a month compared with the same month in the preceding year based on the original series, and in terms of the rate of change for a three-month period compared with the preceding three-month period based on the seasonally adjusted series.

         The classification of retail establishments follows the Hong Kong Standard Industrial Classification (HSIC) Version 2.0, which is used in various economic surveys for classifying economic units into different industry classes.

         These retail sales statistics measure the sales receipts in respect of goods sold by local retail establishments and are primarily intended for gauging the short-term business performance of the local retail sector. Data on retail sales are collected from local retail establishments through the Monthly Survey of Retail Sales (MRS). Local retail establishments with and without physical shops are covered in MRS and their sales, both through conventional shops and online channels, are included in the retail sales statistics.

         The retail sales statistics cover consumer spending on goods but not on services (such as those on housing, catering, medical care and health services, transport and communication, financial services, education and entertainment) which account for over 50% of the overall consumer spending. Moreover, they include spending on goods in Hong Kong by visitors but exclude spending outside Hong Kong by Hong Kong residents. Hence they should not be regarded as indicators for measuring overall consumer spending.

         Users interested in the trend of overall consumer spending should refer to the data series of private consumption expenditure (PCE), which is a major component of the Gross Domestic Product published at quarterly intervals. Compiled from a wide range of data sources, PCE covers consumer spending on both goods (including goods purchased from all channels) and services by Hong Kong residents whether locally or abroad. Please refer to the C&SD publication “Gross Domestic Product by Expenditure Component” for more details.

         More detailed statistics are given in the “Report on Monthly Survey of Retail Sales”. Users can browse and download this publication at the website of the C&SD (www.censtatd.gov.hk/en/EIndexbySubject.html?pcode=B1080003&scode=530).

         Users who have enquiries about the survey results may contact the Distribution Services Statistics Section of the C&SD (Tel: 3903 7400; email : mrs@censtatd.gov.hk).

    MIL OSI Asia Pacific News –

  • MIL-OSI Russia: At the Irkeshtam checkpoint on the Chinese-Kyrgyz border, customs clearance of goods has begun on a trial basis in the “24/7” mode

    Translation. Region: Russian Federal

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

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

    URUMQI, June 2 (Xinhua) — The 24/7 customs clearance regime officially began trial operation at the Irkeshtam border checkpoint on the China-Kyrgyzstan border in northwest China’s Xinjiang Uygur Autonomous Region on Sunday, the local border control agency said.

    Thus, Irkeshtam, which is the westernmost land border crossing of China, became the second such checkpoint in Xinjiang, where it was possible to ensure continuous operation in the field of customs clearance of goods, following the Khorgos checkpoint. This will further contribute to the uninterrupted trade and logistics channels between China and Central Asia.

    There has been a steady increase in the number of people and vehicles entering and leaving China through the Irkeshtam checkpoint in recent years, indicating high demand for cross-border transportation.

    According to Jiang Zhidong, chairman of a local international trade company, 24/7 customs clearance of goods will significantly improve the efficiency of cargo transit through Irkeshtam and reduce logistics costs.

    According to data as of June 1, the number of people and vehicles that passed through the Irkeshtam checkpoint after inspection amounted to more than 105,800 person-times and more than 98,500 units, respectively, which is 80 percent and 79 percent more in annual terms.

    Since the trial launch of the 24/7 customs clearance regime for cargo at 10:00 on Sunday, as of 08:00 on Monday, a total of 966 incoming and outgoing trucks have been checked and cleared at the Irkeshtam checkpoint. -0-

    MIL OSI Russia News –

  • MIL-OSI USA: Seminar – Lunar Policy for a Thriving Lunar Economy

    Source: US Government research organizations

    The Department of Commerce Office of Space Commerce and NIST welcomes Dr. Antonino Salmeri, Director, Lunar Policy Platform, for a seminar and discussion on Lunar Policy for a Thriving Lunar Economy.

    This seminar will focus on the role of lunar policy for a thriving lunar economy. The seminar will begin with an overview of the legal and policy framework, present priorities and policies for peaceful, safe, and sustainable lunar activities, and conclude with a case study on lunar information sharing. The seminar will be delivered by Dr. Antonino Salmeri, space lawyer specialized in the governance of space resources and lunar activities and Director of the Lunar Policy Platform.

    Participants and attendees can expect the following outcomes:

    1. gain a foundational understanding of the main legal framework and key policy developments applicable to lunar activities;
    2. discover policy priorities and policy deliverables for peace, safety and sustainability on the Moon, supported by over 35 stakeholders;
    3. learn about ongoing multilateral and multi-stakeholder efforts to streamline lunar information sharing, and how to participate.

    Dr. Antonino Salmeri is a space lawyer specialized in the governance of lunar and space resource activities. He holds four advanced degrees in law and currently works as Director of the Lunar Policy Platform (LPP). Dr. Salmeri regularly advises governments and companies on international space law, policy, and diplomacy. In this capacity, he recently served as special advisor on lunar governance to the UN Office for Outer Space Affairs, contributing to the organization of the first UN Conference on Sustainable Lunar Activities and to the establishment of the Action Team on Lunar Activities Consultations (ATLAC) within the UN Committee on the Peaceful Uses of Outer Space.

    Dr. Salmeri is the author of leading publications shaping the evolution of international space law and policy, including a book on the Multi Level Governance of Space Mining, the Lunar Policy Priorities Report, the Lunar Policy Handbook, the EAGLE Report, and The Hague Building Blocks. Dr. Salmeri’s contributions to the advancement of space law and astronautics have been recognized through several prestigious awards, such as the Young Space Leader Award of the International Astronautical Federation (IAF) and the Diederiks-Verschoor Award of the International Institute of Space Law (IISL).

    Dr. Salmeri possess an extensive network in the space sector through his voluntary roles at major entities, such as Chair of the Space Generation Advisory Council (SGAC, period 2023 – 2025), Governing Member of the International Space University (ISU), member of the International Institute of Space Law (IISL), member of several technical and administrative committees of the International Astronautical Federation (IAF), and regular speaker at high level multilateral gatherings and major international events. 

    MIL OSI USA News –

  • MIL-OSI: WISeKey to Present at Maxim Tech Conference “Discover the Innovations Reshaping Tomorrow” on June 3 at 8:30am ET

    Source: GlobeNewswire (MIL-OSI)

    WISeKey to Present at Maxim Tech Conference “Discover the Innovations Reshaping Tomorrow” on June 3 at 8:30am ET

    Geneva, Switzerland, June 2, 2025 –WISeKey International Holding Ltd (“WISeKey”) (SIX: WIHN, NASDAQ: WKEY), a leading global cybersecurity, blockchain, and IoT company, today announces that its management team will be presenting at the Maxim Group 2025 Virtual Tech Conference “Discover the Innovations Reshaping Tomorrow.”

    WISeKey’s fireside chat presentation is scheduled for June 3rd at 8:30 am ET. Investors can access the live presentation via the following link: https://m-vest.com/events/tmt-06032025.

    During the presentation, Carlos Moreira, WISeKey’s Founder and CEO, will provide a progress update on WISeKey’s platform as it advances through the “Year of Convergence,” integrating its subsidiaries’ cybersecurity offerings: (WISeID) digital identification, (SEALSQ) post-quantum technology, (WISeSAT) satellite constellation, and (SEALCOIN) tokenization projects into the Company’s revenue stream.

    About WISeKey

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

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

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

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

    Press and Investor Contacts

    WISeKey International Holding Ltd
    Company Contact: Carlos Moreira
    Chairman & CEO
    Tel: +41 22 594 3000
    info@wisekey.com     		 WISeKey Investor Relations (US) 
    The Equity Group Inc.
    Lena Cati
    Tel: +1 212 836-9611
    lcati@theequitygroup.com

    The MIL Network –

  • MIL-OSI: DNO Contemplates Hybrid Bond Issue

    Source: GlobeNewswire (MIL-OSI)

    2 June 2025 – DNO ASA, the Norwegian oil and gas operator, today announced it has engaged Arctic Securities AS, DNB Carnegie (a part of DNB Bank ASA) and Pareto Securities AS as Joint Bookrunners to arrange fixed income investor meetings. Subject to inter alia market conditions and acceptable terms, a new subordinated hybrid bond issue may follow.

    –

    For further information, please contact:
    Media: media@dno.no
    Investors: investor.relations@dno.no

    –

    DNO ASA is a Norwegian oil and gas operator active in the Middle East, the North Sea and West Africa. Founded in 1971 and listed on the Oslo Stock Exchange, the Company holds stakes in onshore and offshore licenses at various stages of exploration, development and production in the Kurdistan region of Iraq, Norway, the United Kingdom, Côte d’Ivoire and Yemen. More information is available at www.dno.no.

    This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. This stock exchange notice was published by Jostein Løvås, DNO ASA Communication Manager, on the time and date set out above.

    The MIL Network –

  • MIL-OSI: Vodafone Qatar selects Nokia in major network modernization deal to drive expanded 5G coverage, reliability, and services

    Source: GlobeNewswire (MIL-OSI)

    Press Release
    Vodafone Qatar selects Nokia in major network modernization deal to drive expanded 5G coverage, reliability, and services

    • The deal entails Core modernization, expanded 5G capacity, and enhanced broadband to strengthen network reliability, service offering, and efficiency.

    2 June 2025
    Espoo, Finland – Nokia today announced a major agreement with Vodafone Qatar to lead a nationwide network modernization that will enable the operator to deliver faster, more secure, and highly adaptable 5G services to consumers and businesses across the country, while preparing the network for next-generation innovations.

    In a major expansion of the two companies’ partnership, Vodafone Qatar will leverage Nokia’s end-to-end technology to boost network capacity and reduce latency while accelerating time-to-market with new capabilities and introducing greater agility through automation and enhanced security measures.

    As demand for high-speed connectivity surges in Qatar’s rapidly growing digital economy where the ICT sector is forecast to grow at an 8.5% annual rate through 2030, the operator is committed to meet those needs. Nokia’s solutions will help transform the network with intelligent broadband access, new enterprise offerings provided through 5G slicing, and infrastructure that can easily evolve as digital applications advance.

    “Vodafone Qatar continuously embraces new opportunities to deploy emerging technologies as part of its commitment to driving digital transformation in Qatar, in line with Qatar National Vision 2030. Our work with Nokia enables us to become more agile and responsive to the evolving needs of customers and businesses. By integrating advanced fiber, mobile, and cloud capabilities, we are shaping a smarter, more secure network that can support everything from customized home Wi-Fi to the latest enterprise technologies,” said Sheikh Hamad Abdulla Jassim Al-Thani, Chief Executive Officer, Vodafone Qatar.

    “This collaboration reflects the depth of our portfolio and the strength of our partnership with Vodafone Qatar. Through more flexible scaling, reliability, and near zero-touch automation that our advanced core and broadband solutions deliver, Nokia will provide greater network agility and service offerings, and provide our partner with all the tools they need to more efficiently manage and extract greater value from their network assets,” said Raghav Sahgal, President of Cloud and Network Services, Nokia.

    Nokia’s multi-cloud core software solutions, including Packet Core, Converged Charging, and Networks Data Analytics Function, running on the latest cloud technologies will bring cloud-native grade automation, agility, and scalability to Vodafone Qatar’s multi-access core network.

    Nokia Digital Operations software will boost the operator’s journey towards fully autonomous networks with end-to-end orchestration, 5G slicing automation, and AI-driven assurance, enabling rapid delivery and highest reliability of services.

    Nokia’s integration of automation across IP and optical networks, provided by NSP, combined with a five-year managed services agreement for core operations, will help accelerate service rollouts, reduce costs, and ensure a future-ready network architecture.

    Together, these advancements will set a new standard for end-to-end digital transformation in Qatar and reaffirm Nokia’s position as a trusted technology partner for service providers worldwide.

    Multimedia, technical information and related news
    Web Page: Cloud and Network Services
    Web Page: Mobile Networks
    Web Page: Network Infrastructure

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

    As a B2B technology innovation leader, we are pioneering networks that sense, think and act by leveraging our work across mobile, fixed and cloud networks. In addition, we create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs, which is celebrating 100 years of innovation. 

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

    About Vodafone Qatar P.Q.S.C
    Vodafone Qatar P.Q.S.C. (“Vodafone Qatar”) provides a comprehensive range of services including voice, messaging, data, fixed communications, IoT and ICT managed services in the State of Qatar, for both consumers and businesses alike. The Company commenced commercial operations in 2009 and has 2.1 million mobile customers as of 31 March 2025. Its state-of-the-art network infrastructure is expanding to cover key locations in the country with fibre connectivity and 5G, along with an extensive digital ecosystem, which will contribute to Qatar’s continued growth and prosperity. Vodafone Qatar’s vision is deeply rooted in its mission to connect today’s ideas with the technologies of tomorrow by pioneering digital innovation and becoming people’s first choice in telecom and digital services. Please visit www.vodafone.qa for more details.

    Media inquiries
    Nokia Press Office
    Email: Press.Services@nokia.com

    Vodafone Qatar Media Relations
    Email: mediarelations.qatar@vodafone.qa

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    The MIL Network –

  • MIL-OSI: The Evolution of the CFO: From Financial Steward to Strategic Visionary

    Source: GlobeNewswire (MIL-OSI)

    Change is afoot, but that’s a good thing

    Gone are the days when CFOs merely managed balance sheets and ensured fiscal discipline. Today’s CFO is a dynamic strategist at the heart of shaping business direction and fueling growth. Beyond budget oversight they are architects of financial resilience: securing resources for talent acquisition, technological advancements, supply chain stability and innovation.

    To thrive in this new reality, CFOs are obliged to seamlessly balance ongoing financial health with long-term value creation. Their mission includes inspiring confidence among shareholders, proving to them that their investments will flourish, while simultaneously demonstrating the ability to uphold commitments to financial institutions. Achieving these objectives demands real-time financial intelligence and a well-integrated ecosystem of technology, collaborative teams and agile processes.

    These pursuits also mean that Finance can no longer operate in isolation. Growth depends on collaboration, integration and agility to respond to complexity. Companies are only as strong as their weakest link, and the CFO must ensure that the entire value chain — not just individual components — drives competitive advantage. Strategic planning, a focus on digital transformation, ESG initiatives and prudent M&A activities are now all within their remit.

    The CFO’s mission is clear: Stay adaptive, break down silos and secure the financial foundation for sustainable success.

    The Office of the CFO: A symphony of strategic functions

    Since a CFO does not operate in isolation, the Office of the CFO is more than a designation — it is an interconnected framework of specialised teams and functions that collectively support financial leadership.

    While fundamental finance operations such as Procurement, Accounts Payable and Accounts Receivable remain vital, the CFO’s broadened responsibilities now demand deeper alignment with IT, Legal, Supply Chain, Customer Service departments and beyond. Especially when it comes to the tech strategy of a company, 84% of CFOs surveyed say that they are going to become more involved in these kinds of decisions.1

    These aren’t fragmented departments; they are critical components of an integrated effort to enhance efficiency, optimise profitability and build a sustainable and competitive advantage. Financial leadership today transcends numbers. It’s an intricate dance of collaboration, foresight and execution that shapes a company’s future.

    Elevating insights & impacts with the right tech stack

    This Office of the CFO requires unparalleled visibility into the organisation’s financial and operational landscape. Advanced technology is the backbone of this transformation, and enables real-time decision-making, meticulous forecasting, accurate predictive analytics and all-encompassing risk management.

    While hesitation toward emerging fintech remains, not least due to very real risks, comprehensive suite-based platforms can provide a secure and streamlined alternative by resolving concerns of system complexity and vulnerability, all while enhancing strategic agility.

    And as with all realms of technology, AI is making its way into fintech as well. It redefines what financial leadership means by providing CFOs with the ability to make smarter, faster and more data-driven decisions. By leveraging predictive analytics, AI identifies patterns within vast datasets and uncovers actionable insights that propel growth and mitigate risk.

    AI revolutionises forecasting by enhancing accuracy through the synthesis of financial and non-financial data. In working capital management, it empowers teams to optimise cashflow, which can ensure liquidity with unparalleled precision. Merger and acquisition activities are supported by AI capabilities that accelerate due diligence by efficiently interpreting complex financial documents and thereby enabling streamlined decision-making. Another example is contract management, where AI can detect critical clauses or risks, which in turn results in simplified negotiations and reduces legal exposure.

    Yet, AI is not a substitute for human expertise. Its true strength lies in augmenting Finance teams by automating routine processes and improving data integrity. It provides humans with mental and temporal space to focus on strategic innovation, resulting in a formidable force that drives efficiency, agility and transformative growth. By embracing this synergy, the Office of the CFO can unlock new opportunities and reshape, future-proof the entire business.

    1.  “The CFO’s Changing Role: 5 Data Points from the 2023 CFO Outlook Survey”, CFO Magazine, Feb. 3, 2023 

    The MIL Network –

  • MIL-OSI: WISeKey’s WISe.ART 3.0, One of the World’s First and Largest Web3 Marketplaces for Digital Art, Twins, NFTs, and Crypto Collectibles will be Presenting FABEN’s MLove at NFC Lisbon on June 5 on the Alpha Stage at 4:30

    Source: GlobeNewswire (MIL-OSI)

                                                                       

    WISeKey’s WISe.ART 3.0, One of the World’s First and Largest Web3 Marketplaces for Digital Art, Twins, NFTs, and Crypto Collectibles will be Presenting FABEN’s MLove at NFC Lisbon on June 5 on the Alpha Stage at 4:30 pm

    Geneva, Switzerland – June 2, 2025 — WISeKey International Holding Ltd (“WISeKey”) (SIX: WIHN, NASDAQ: WKEY), a leading global cybersecurity, blockchain, and IoT company, is proud to announce that it will present Faben’s holograms for the first time at Lisbon NFC. There will be a live performance by Faben as well as a live discussion with WISe.ART Art Director on stage.

    Since its launch in 2021, WISe.ART, the NFT platform developed by WISeKey, has led numerous high-impact and pioneering NFT projects. Combining trusted digital identity, robust cybersecurity, and environmental consciousness, WISe.ART has redefined how digital art and luxury collectibles are created, verified, and traded.

    WISe.ART has distinguished itself by ensuring secure digital identity and compliance with international standards, making it one of the few platforms trusted for institutional and philanthropic NFT use cases.

    Faben’s holograms are part of an important project including NFTs, NFCs, physical pieces, and an AI community building app to be developed to bring global beauty and peace. MLove will be developed into a game, an interactive companion, and health and educational guidance in an artistic way to spread the message of love to its community.

    Revolutionizing the Future of Art- A world premiere that a hologram and a token are linked to a RWA (Real World Asset)

    About WISe.ART: The WISe.ART platform redefines the digital art experience by providing creators and collectors with a secure, traceable, and intelligent environment for trading and authenticating digital assets. It is democratizing digital expression by empowering billions of people worldwide to create, share, and monetize their artistic visions through a secure and trusted platform. Whether it’s a digitally generated painting, a collectible tied to a physical sculpture, or a new form of cultural expression, WISe.ART enables creators from all backgrounds to participate in the global digital art economy, safely and transparently. For more information, visit www.wise.art.

    About FABEN: Faben the heArtist, (sculpture, painting, murals, installations worldwide),
    Creator of MLOVE & NFTH concept – https://www.instagram.com/faben.art/?hl=en#.

    Faben joined the new enhanced WISe.ART platform in time for NFC Lisbon with a collection of holograms announcing the project. The holograms will be identifiable with WISeKEY chips and linked to their respective NFTs on one of the WISe.ART blockchains. The complete NFT collection will be dropped later in July during ARTMONACO week. Faben is an internationally renowned artist for his Mr Love sculpture spreading goodwill to all generations with inventive art using technology to reach new frontiers in communication.

    About NFC Summit: Is the major annual event where the creative economy meets WEB 3 – Art Fashion, Gaming and Music, live performance stage, blending virtual and reality in unprecedented ways. The world’s major web3 players, investors and media from around the world gather to present and discuss current trends. Live performances, conference on multiple stages, awards and exhibitions will be open to the public for 3 crazy days in an historical venue in the heart of Lisbon.    https://www.nfcsummit.com/.

    About WISeKey

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

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

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

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

    Press and Investor Contacts

    WISeKey International Holding Ltd
    Company Contact: Carlos Moreira
    Chairman & CEO
    Tel: +41 22 594 3000
    info@wisekey.com     		 WISe.ART PTY LTD
    Company Contact: S. Crutchfield
    Art Director
    Tel: +41 22 594 3000
    scrutchfield@wisekey.com    		 WISeKey Investor Relations (US) 
    The Equity Group Inc.
    Lena Cati
    Tel: +1 212 836-9611
    lcati@theequitygroup.com

    The MIL Network –

  • MIL-OSI: BW Offshore: First quarter results 2025

    Source: GlobeNewswire (MIL-OSI)

    First quarter results 2025

    HIGHLIGHTS

    • Q1 EBITDA USD of 91 million and operating cashflow of USD 57 million
    • Sale of BW Pioneer for USD 125 million
    • Received USD 36 million arbitration settlement in April, USD 21 million recognised in EBITDA
    • Robust balance sheet with an equity ratio of 30.9% and USD 542 million in available liquidity
    • Q1 cash dividend of USD 0.063 per share
    • BW Opal departed the shipyard in Singapore 28 May
    • Full-year 2025 EBITDA guidance maintained in the range of USD 220-250 million

    BW Offshore is nearing completion of the Barossa project well within the updated budget. On 28 May, the FPSO BW Opal departed the shipyard in Singapore and is currently enroute to the field where hook-up and connection will be undertaken. The FPSO is on track for first gas within the third quarter.

    The Board of Directors has declared a quarterly cash dividend of USD 0.063 per share. The shares will trade ex-dividend from 4 June 2025. Shareholders recorded in VPS following the close of trading on Oslo Børs on 3 June 2025, will be entitled to the distribution payable on or around 12 June 2025.

    “The BW Opal is on its way to the Barossa field to start producing gas under the 15-year contract, providing material earnings and cash flow to BW Offshore from later this year,” said Marco Beenen, CEO of BW Offshore. “At the same time, we continue to mature selected potential FPSO projects that meet our criteria, with solid counterparties and long-term investment horizons. Our growth strategy is supported by a strong balance sheet, high commercial uptime and robust cash generation from the existing fleet.”

    In late March, the Company completed the sale of FPSO BW Pioneer to Murphy Oil for USD 125 million and received an initial USD 100 million of the proceeds. The remaining USD 25 million was received in the second quarter upon meeting all conditions precedent. The two parties signed a five-year O&M contract, under which BW Offshore will continue to provide operations and maintenance services.

    In early April, BW Offshore received approximately USD 36 million including interest, after settling the arbitration with PRIO (formerly Petrorio) related to the FPSO Polvo lease dispute. This led to the recognition of USD 21 million of additional revenue and EBITDA in the first quarter accounts.

    FINANCIALS
    EBITDA for the first quarter of 2025 was USD 91.3 million (USD 71.9 million in Q4 2024), reflecting good operational performance and the arbitration settlement with PRIO.

    EBIT for the first quarter was USD 73.7 million (USD 30.8 million).

    Gain from sale of fixed assets was USD 14.8 million and relates to the sale of BW Pioneer.

    Net financial items were positive at USD 10.4 million (USD 19.4 million in Q4 2024). This included a net interest income of USD 1.1 million, which reflects USD 4.1 million of interest earned on the arbitration settlement with PRIO (net interest expense of USD 3.0 million). Both first quarter 2025 and fourth quarter 2024 were positively impacted by a valuation gain on the financial liability related to the Barossa project. This was driven by changes in the timing of expected future cash flows due to a later planned start-up of the facility, as well as a favourable mark-to-market adjustment on interest rate hedges.

    The share of loss from equity-accounted investments was USD 4.6 million, including a valuation adjustment on the Barossa finance receivable related to changes in timing of future expected cash flows (loss of USD 9.5 million).

    Tax expense was USD 17.3 million (tax income USD 0.1 million). The increase in tax expenses is mainly due to tax on the sale of BW Pioneer.

    Net profit for the first quarter increased to USD 62.2 million (USD 40.8 million).

    Total equity at 31 March 2025 was USD 1 271.7 million (USD 1 246.6 million) and the equity ratio was 30.9% at (30.8%).

    As a result of strong cash generation from the fleet and asset sales, the Company was net cash positive by USD 184.3 million at 31 March 2025 (USD 74.4 million net cash positive at the end of 2024).

    Available liquidity was USD 542 million, excluding consolidated cash from BW Ideol and including USD 100 million available under the corporate loan facility.

    FPSO OPERATIONS
    The FPSO fleet continued to deliver stable operations in the quarter with a weighted average fleet uptime of 100.0% (99.2% in the fourth quarter), including BW Pioneer.

    BW Adolo contributed positively through the volume-based tariff as production increased to approximately 39,000 barrels per day in the quarter and BW Catcher continued to maintain high commercial uptime.

    On 20 May 2025, BW Energy Gabon took over operations of the FPSO BW Adolo. BW Offshore continues to lease the unit under the same terms, excluding O&M services. A USD 100 million put-and-call option remains in place for 2028. The transition is ongoing and will be supported by both parties through 30 June 2025.

    FPSO PROJECT OPPORTUNITIES
    In January, BW Offshore was selected to perform the pre-FEED study for the Bay du Nord FPSO project by Equinor.

    The Company also progressed the FEED for Repsol’s Block 29 development in Mexico.

    Due to the current high activity related to FPSO-based development projects, BW Offshore recently acquired the FPSO Nganhurra. The vessel has a high-quality hull, well suited for installation of a new topside. Reusing existing energy production infrastructure reduces environmental impact, is cost efficient and enables shorter lead time from project sanction to first oil. The acquisition involves a limited upfront payment, with additional consideration linked to redeployment by June 2027. The unit enhances BW Offshore’s ability to respond to emerging project opportunities and strengthens its position in a supply-constrained market.

    FLOATING ENERGY TRANSITION SOLUTIONS
    BW Offshore is committed to contribute to the energy transition by leveraging FPSO expertise to deliver low-carbon energy and expand into new sectors, focusing on low-emission oil and gas, CO2 transport, gas-to-power and floating ammonia to meet evolving energy demands. The Company maintains a disciplined approach with selective and diligent allocation of capital and a commitment to creating shareholder value.

    BW Offshore owns 64% of BW Ideol, a leader in offshore floating wind technology and co-development with over 14 years of experience in the development of floating wind projects. A shareholder loan of EUR 6.7 million has been provided to support the company’s operations over the next 12 months.

    The 1 GW Buchan offshore wind project in Scotland recently held its third and final public consulting round as part of the preparation for the final consent application later this year. In France, work continued on the three floating substructures for the Eolmed floating wind pilot with installation of the transition pieces which will hold the wind turbines. Commissioning of the three floating turbines is expected by end of 2025.

    OUTLOOK
    Growing energy demand continues to drive interest in developing new infrastructure-type FPSO projects with long production profiles, low break-even costs, and a focus on lower emissions. Increased project complexity, combined with higher construction costs, necessitates financial structures with significant day rate prepayments during the construction period for new lease and operate projects. Alternatively, oil and gas majors may finance and own FPSOs, relying on FPSO specialists for the design, construction and installation scope, combined with operation and maintenance services. BW Offshore is well positioned to offer both solutions.

    In recent years, the number of sanctioned FPSO projects have lagged market expectations. Consequently, there is a growing number of projects at various stages of maturity, reflecting a pent-up demand for FPSOs. Increased FEED and tendering activity are a function of this, and BW Offshore expects that a number of the FPSO projects the Company is engaging with will reach a final investment decision over the next 36 months. These market dynamics, combined with the high level of expertise required for project execution, are expected to enable better risk-reward and improved margins for FPSO companies going forward.

    BW Offshore continues to selectively evaluate new projects that meet required return targets, offer contracts with no residual value risk after firm period, and provide a financeable structure with strong national or investment-grade counterparties.

    BW Offshore expects that the fleet will continue to generate significant cash flows in the time ahead, supported by the USD 5.4 billion firm contract backlog at the end of March 2025.

    Please see attached the Q1 Presentation. The earnings tables are available at:

    https://www.bwoffshore.com/ir/

    BW Offshore will host a webcast of the financial results 09:00 (CEST) today. The presentation will be given by CEO Marco Beenen and CFO Ståle Andreassen.

    Webcast information:
    You can follow the presentation via webcast with supporting slides and a Q&A module, available on:

    BW Offshore Limited – Q1 Presentation Webcast

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

    For further information, please contact:
    Ståle Andreassen, CFO, +47 91 71 86 55
    IR@bwoffshore.com or www.bwoffshore.com

    About BW Offshore:
    BW Offshore engineers innovative floating production solutions. The Company has a fleet of FPSOs with potential and ambition to grow. By leveraging four decades of offshore operations and project execution, the Company creates tailored offshore energy solutions for evolving markets world-wide. BW Offshore has around 1,100 employees and is publicly listed on the Oslo stock exchange.

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

    Attachment

    The MIL Network –

  • MIL-OSI: Atos Group receives confirmatory offer from the French State to acquire part of its former Advanced Computing business

    Source: GlobeNewswire (MIL-OSI)

    Press release

    Atos Group receives confirmatory offer from the French State to acquire part of its former
    Advanced Computing business

    Vision AI activities excluded from the transaction

    • Confirmatory offer received from the French State to acquire Eviden’s Advanced Computing business excluding newly separated Vision AI activities
    • Enterprise Value of €410 million including €110 million contingent earn outs, following the exclusion of Vision AI activities
    • Vision AI activities, contributing to more than one third of the operating margin of the formerly considered perimeter, repositioned in Eviden to structure a new business unit
    • The Parties aim to sign a binding agreement1in the coming weeks, with a closing of the transaction expected in 2026

    Paris, France – June 2, 2025 – Following its press release dated November 25, 2024, Atos SE (“Atos” or the “Company”) announces that it has received a confirmatory offer from the French State to acquire its Advanced Computing business, excluding Vision AI activities (comprising mainly the Ipsotek subsidiary acquired in 2021), for an enterprise value (EV) of €410 million, including €110 million earn-outs that are based on profitability indicators for fiscal years 2025 (€50 million that should be paid upon closing) and 2026 (€60 million).
    The revised EV in comparison with the one communicated in November 2024 reflects the reduced scope of the transaction.

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

    Eviden will be reorganizing its Vision AI capabilities (based in the UK) around a new business unit to continue its focus on AI, Data and Security as communicated during the Capital Markets Day. With deep expertise in AI-powered video analytics for operations, safety and security (such as abandoned luggage detection, crowd management or manufacturing quality inspection), this structure will support Atos Group organization to deliver improved and higher-value offerings to clients.

    The Board of Directors welcomed the offer, based on the report of the independent expert appointed by the Board, which confirmed that the valuation of the disposed perimeter and the terms of the transaction are at fair market value.

    Atos Group 2028 financial trajectory presented at the Capital Markets Day on 14 May 2025, on the assumption of a disposal of Advanced Computing, remains unchanged.

    About Atos Group

    Atos Group is a global leader in digital transformation with c. 72,000 employees and annual revenue of c. € 10 billion, operating in 68 countries under two brands — Atos for services and Eviden for products. European number one in cybersecurity, cloud and high-performance computing, Atos Group is committed to a secure and decarbonized future and provides tailored AI-powered, end-to-end solutions for all industries. Atos is a SE (Societas Europaea) and listed on Euronext Paris.

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

    Contacts

    Investor relations: investors@atos.net

    Individual shareholders: +33 8 05 65 00 75

    Media relations: globalprteam@atos.net

    1 The binding agreement refers to the put option agreement. A share purchase agreement attached to the put option agreement will be signed upon and subject to completion of the information procedure and consultation with the relevant employee representative bodies. It is also specified that the transaction is subject to approval by the relevant regulation authorities.

    Attachment

    The MIL Network –

  • MIL-OSI: Periodic announcement on the acquisition of the Bank‘s own shares and its results (week 4)

    Source: GlobeNewswire (MIL-OSI)

    This announcement contains information on transactions of the acquisition of own shares of AB Artea bankas (the Bank) carried during the period specified below under the Bank’s own share buy-back programme announced on 30 April 2025. 

     

    The period during which the acquisition of the Bank’s own shares under the programme was carried out – 05.05.2025 – 30.05.2025. 

     

    Period covered by this periodic report – 26.05.2025 – 30.05.2025. 

     

    Other information: 

    Transaction overview 

    Date 

    Total number of shares purchased on the day ( units) 

    Weighted average price (EUR) 

    Total value of transactions (EUR) 

    2025.05.26

    100,000

    0.878

    87,755.04

    2025.05.27

    100,000

    0.877

    87,700.00

    2025.05.28

    100,000

    0.875

    87,500.17

    2025.05.29

    –

    –

    –

    2025.05.30

    100,000

    0.876

    87,600.00

    Total acquired during the current week 

    400,000

    0.876

    350,555.21

    Total acquired during the programme period 

    1,900,000

    0.88

    1,672,643.37

     

     

     

     

     

    The Bank’s own bought-back shares: 12,097,749 units.  

     

    Following the above transactions, the Bank will own a total of 12,497,749 units of own shares representing 1.89 % of the Bank’s issued shares. 

     

    Further detailed information on the transactions is attached. 

     

    This information is also available at: www.artea.lt   

     

    Additional information:
    Tomas Varenbergas
    Head of Investment Management Division
    tomas.varenbergas@artea.lt, +370 610 44447

    Attachment

    The MIL Network –

  • MIL-OSI: UAB “Atsinaujinančios energetikos investicijos” Public Green Bond Issue presentation to investors

    Source: GlobeNewswire (MIL-OSI)

    “Atsinaujinančios energetikos investicijos” (Issuer) and Orion Securities (Issue organizer) on 4th and 5th of June will present the bond issue and will answer investor questions during the webinar.

    • 4 June (Wednesday), 14:00
    • 5 June (Thursday), 10:00

    Investment orders can be submitted before 11 June, 3:30PM.
    Key bond issue details: 

    • Issue size: up to 100 mEUR
    • Size of the first tranche: up to 65 mEUR
    • Interest rate: 8 % 
    • Minimum investment amount: 100 000 EUR
    • Term: 2,5 years

    For more information and full documentation click here.

    HOW TO INVEST?

    Contact the financial brokerage company/bank (LHV, Signet, Swedbank, SEB Bank and others) handling your securities account for the submission of an investment order.

    If you do not have an investment services agreement concluded with a financial intermediary, send us an email to: bonds@orion.lt 

    The MIL Network –

  • MIL-OSI: Colt, Honeywell and Nokia join forces to trial space-based quantum-safe cryptography

    Source: GlobeNewswire (MIL-OSI)

    Press Release
    Colt, Honeywell and Nokia join forces to trial space-based quantum-safe cryptography

    • Tech collaboration will explore ways to protect encrypted data from quantum risk using Low Earth Orbit satellites.
    • Trial to use space-based quantum key distribution to overcome terrestrial distance limitations.

    2 June 2025
    Espoo, Finland – Colt Technology Services (Colt), a global digital infrastructure company, Honeywell and Nokia today announced a collaboration to explore quantum-safe networking using satellite communications. As part of the initiative, the companies are planning to test new ways of protecting encrypted optical network traffic from risks presented when quantum computing potentially breaks through traditional encryption methods, leaving data vulnerable to cyber threats.

    Traditional encryption methods, or cryptography, rely on complex mathematical problems that are difficult for computers to solve, but quantum computers are expected to solve these problems faster, potentially breaking through traditional encryption methods and putting data at risk. One promising advancement in this field is quantum key distribution (QKD), a technology central to the quantum evolution. However, QKD currently faces a major limitation: terrestrial physical constraints restrict its range to around 100 kilometers. To achieve global coverage of QKD, the technology can overcome these limitations by moving into space. Colt, Honeywell and Nokia plan to explore quantum-safe cryptography, trialling space-based and subsea techniques which are resistant to quantum computing attacks.

    The companies will trial quantum key distribution – a method used to securely share encryption keys between two parties – using low earth orbit satellites for ultra-long distances and transatlantic reach. The three companies share a collective goal: enable customers to benefit from the huge potential of quantum computing in ways that help solve pressing challenges, while protecting them from risk. The trial is expected to be of interest to organisations responsible for vast amounts of highly sensitive data such as financial firms, healthcare and pharmaceutical organisations and government bodies.

    “Fundamental to the collaboration between Colt, Honeywell and Nokia is a shared passion and determination to push the boundaries of technology to find solutions which safeguard our customers and help them succeed. At Colt, we do everything we can to make life easier for our customers. It’s why we’re taking action now to protect our customers from future cybersecurity risks, tackling tomorrow’s threats, today,” said Buddy Bayer, chief operating officer, Colt Technology Services.

    “With over five decades of aerospace expertise, Honeywell has witnessed and adapted to the evolution of the global communications landscape. We are proud to continue as a leader in innovating future-proof solutions such as the QEYSSat and QKDSat missions for the quantum era. This collaboration represents a significant step forward in securing the future of critical data: designing solutions to enhance resilience, ensuring long-term data security for critical infrastructure and communications systems,” said Lisa Napolitano, vice president and general manager, Space, Honeywell Aerospace Technologies.

    “Nokia is helping our customers stay ahead when it comes to securing critical data through resilient defense-in-depth strategies. Quantum computing brings great promise, but it’s also a potential threat to the encryption models on which society has relied so far. This collaboration with Colt and Honeywell shows how space-based quantum-safe technologies can help protect networks, safeguarding sensitive information across every domain against future quantum threats,” said James Watt, vice president and general manager, Optical Networks at Nokia.

    Ahead of the trial, Colt, Honeywell and Nokia have drafted a white paper with more detail on the risks, threats and opportunities presented by quantum cryptography. The paper, entitled ’The Journey to Quantum-Safe Networking’ is available to download here.

    The announcement follows a pilot Colt announced in March to explore quantum-secure networking across terrestrial networks.

    Multimedia, technical information and related news
    Web Page: Quantum Explained
    Web Page: Quantum Safe Technologies

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

    As a B2B technology innovation leader, we are pioneering networks that sense, think and act by leveraging our work across mobile, fixed and cloud networks. In addition, we create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs, which is celebrating 100 years of innovation.

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

    About Colt Technology Services

    Colt Technology Services (Colt) is a global digital infrastructure company which creates extraordinary connections to help businesses succeed. Powered by amazing people and like-minded partners, Colt is driven by its purpose: to put the power of the digital universe in the hands of its customers, wherever, whenever and however they choose.
    Since 1992, Colt has set itself apart through its deep commitment to its customers, growing from its heritage in the City of London to a global business spanning 40+ countries, with over 6,000 employees and more than 80 offices around the world. Colt’s customers benefit from expansive digital infrastructure connecting 32,000 buildings across 230 cities, more than 50 Metropolitan Area Networks and 275+ Points of Presence across Europe, Asia, the Middle East, Africa and North America’s largest business hubs.
    Privately owned, Colt is one of the most financially sound companies in the sector. Obsessed with delivering industry-leading customer experience, Colt is guided by its dedication to customer innovation, by its values and its responsibility to its customers, partners, people and the planet.

    About Honeywell
    Products and services from Honeywell Aerospace Technologies are found on virtually every commercial, defense and space aircraft, and in many terrestrial systems. The Aerospace Technologies business unit builds aircraft engines, cockpit and cabin electronics, wireless connectivity systems, mechanical components, power systems, and more. It’s hardware and software solutions create more fuel-efficient aircraft, more direct and on-time flights and safer skies and airports. For more information, visit aerospace.honeywell.com or follow Honeywell Aerospace Technologies on LinkedIn.
    Honeywell is an integrated operating company serving a broad range of industries and geographies around the world. Our business is aligned with three powerful megatrends – automation, the future of aviation and energy transition – underpinned by our Honeywell Accelerator operating system and Honeywell Forge IoT platform. As a trusted partner, we help organizations solve the world’s toughest, most complex challenges, providing actionable solutions and innovations through our Aerospace Technologies, Industrial Automation, Building Automation and Energy and Sustainability Solutions business segments that help make the world smarter and safer as well as more secure and sustainable. For more news and information on Honeywell, please visit www.honeywell.com/newsroom.

    Media inquiries
    Nokia Press Office
    Email: Press.Services@nokia.com

    Sarah Miller – Nokia media relations
    Phone: 613-720-9716 |
    Email: sarah.miller@nokia.com

    Colt Head of PR
    Anne Amlot
    Email: anne.amlot@colt.net

    Honeywell
    Juliet Collins-Achong        
    Phone: +44 7787 282932                        
    Email: juliet.collins-achong@honeywell.com

    Follow Nokia on social media
    LinkedIn X Instagram Facebook YouTube

    Follow Colt on social media
    LinkedIn Instagram TikTok Facebook

    The MIL Network –

  • MIL-OSI: Information to be delivered by Artea Bank at the Nasdaq Vilnius conference “CEO Meets Investors”

    Source: GlobeNewswire (MIL-OSI)

    On June 2, 2025 at the traditional online webinar of listed companies’ executives with investors, hosted by Nasdaq Vilnius, Vytautas Sinius, CEO of Artea Bank will provide information on bank`s strategy, operation, financial outlook and future perspectives.

    Please find enclosed the information to be delivered during the presentation.

    Additional information:
    Tomas Varenbergas
    Head of Investment Management Division
    tomas.varenbergas@artea.lt +370 610 44447

    Attachment

    The MIL Network –

  • MIL-OSI: Share repurchase programme: Transactions of week 22 2025

    Source: GlobeNewswire (MIL-OSI)

    The share repurchase programme runs as from 26 February 2025 and up to and including 30 January 2026 at the latest. In this period, Jyske Bank will acquire shares with a value of up to DKK 2.25 billion, cf. Corporate Announcement No. 3/2025 of 26 February 2025. The share repurchase programme is initiated and structured in compliance with the EU Commission Regulation No. 596/2014 of 16 April 2014, the so-called “Market Abuse Regulation”, and the Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016 (together with the Market Abuse Regulation, the “Safe Harbour Rules”).

    The following transactions have been made under the program:

      Number of
    shares    		 Average purchase
    price (DKK)    		 Transaction
    value (DKK)
    Accumulated, previous announcement 969,466 536.07 519,703,520
    26 May 2025 1,000 624.51 624,510
    27 May 2025 1,993 621.08 1,237,812
    28 May 2025 2,000 616.25 1,232,503
    Accumulated under the programme 974,459 536.50 522,798,345

    Following settlement of the transactions stated above, Jyske Bank will own a total of 3,739,577 of treasury shares, excluding investments made on behalf of customers and shares held for trading purposes, corresponding to 5.82% of the share capital.

    Attached to this corporate announcement, aggregated details on the transactions related to the share repurchase programme are shown by venue.
                                                             
    Yours faithfully,
    Jyske Bank

    Contact: Birger Krøgh Nielsen, CFO, tel. +45 89 89 64 44.

    Attachment

    The MIL Network –

  • MIL-OSI: Results of the 2025 Annual General Meeting

    Source: GlobeNewswire (MIL-OSI)

    2 June 2025 | SAINT HELIER, Jersey | CoinShares International Limited (“CoinShares” or the “Company“) (Nasdaq Stockholm Market: CS; US OTCQX: CNSRF), a global investment firm specializing in digital assets, is pleased to announce that all of the resolutions proposed at the Annual General Meeting (“AGM”) of the Company, held as of 30 May 2025, were duly passed via poll.

    The Company’s Board of Directors wished to highlight the following:

    Resolution 13 – Resolution regarding authorising the Board of Directors to decide on repurchase and transfer of own shares

    The AGM resolved that the Board of Directors shall decide on purchases of the Company’s own shares in accordance with the following terms.

    1. Share repurchases may be made on Nasdaq Stockholm or any other regulated market.
    2. The authorisation may be exercised on one or more occasions before the 2026 Annual General Meeting.
    3. The Company’s holding of shares at any given time shall not exceed 15% of the total number of shares in the Company.
    4. Repurchases of the Company’s own shares may shall be made at a price of no more than 5% above the average trading price of the shares for  the 5 business days prior to the repurchase date.
    5. Payment for the shares shall be made in cash.

    In addition, the AGM resolved to authorise the Board of Directors to decide on transfer of own shares, with or without deviation from the shareholders’ preferential rights, in accordance with the following, terms.

    1. Transfers may be made on (i) Nasdaq Stockholm or (ii) outside of Nasdaq Stockholm in connection with the acquisition of companies, operations, or assets.
    2. The authorisation may be exercised on one or more occasions before the 2026 Annual General Meeting.
    3. The maximum number of shares that may be transferred corresponds to the number of shares held by the Company at the point in time of the Board of Directors’ decision on transfer.
    4. Transfers of shares on Nasdaq Stockholm (or any other regulated market)  shall be made at a price of no more than 5% above the average trading price of the shares for the 5 business days prior to the transfer date. For transfers outside of Nasdaq Stockholm, the price shall be set so that the transfer is made at market terms, except for delivery of shares in connection with employee stock option programs.
    5. Payment for transferred shares may be made in cash, through in-kind payment, or through set-off against claims with the Company.

    The purpose of the authorisations is to give the Board of Directors greater scope to act and the opportunity to adapt and improve the company’s capital structure and thereby create further shareholder value and take advantage of any attractive acquisition opportunities. The authorisation may also be used in order to enable delivery of shares in connection with employee stock option programs.

    The Board of Directors shall have the right to decide on other terms for repurchases and transfers of own shares in accordance with its authorisation. The Board of Directors also has the right to authorise the Chairman of the Board, the Chief Executive Officer, or the person designated by the Board to make such minor adjustments that may be necessary in connection with the execution of the Board’s decision to repurchase or transfer shares.

    Resolution 14 – Resolution regarding amendments to the Company’s Articles of Association

    The AGM resolved that Company’s Articles of Association be amended by deletion of the existing articles 3.6.2, 17.2.7 and 24.12 and the insertion of new articles 3.6.2, 17.2.7 and 24.12 as follows:
    “3.6.2   the Directors may, by unanimous consent only, during any period of two consecutive calendar years, resolve to allot and issue in one or more tranches such number of ordinary shares (including, for the avoidance of doubt, any shares issued pursuant to, in connection with or upon conversion of any subsequently issued convertible bonds) as does not in the aggregate exceed twenty five percent (25%) of the total number of ordinary shares in issue (excluding any ordinary shares held in treasury) at 9am on 1st January of such year (rounded down to the nearest whole share), without the offer, issue  or allotment of such shares or the issue or conversion of any subsequently issued convertible bonds being subject to the provisions of Article 3.2 provided always that any such allotment, issue, or conversion is effected solely in connection with bona fide transactions for business purposes only (and for the avoidance of doubt the terms of this Article 3.6.2 shall not include the issuance of shares or convertible securities as consideration or compensation  for services rendered by employees, consultants, directors, or any other individuals in a personal capacity) and provided further that any issuance or allotment to any natural person pursuant to this Article 3.6.2 shall be subject to the unanimous approval of the remuneration committee as required by and in accordance with the terms of reference for such remuneration committee and shall not in aggregate in any calendar year exceed five percent (5%) of the total number of ordinary shares in issue at the time of such offer;” 

    “17.2.7 the creation of any charge or other security over any assets or property of a Group Company to secure borrowings, or indebtedness in the nature of borrowings, of that Group Company which, when aggregated with all other such borrowings or indebtedness, would exceed £200,000,000 (OTHER THAN in the ordinary course of its Business, and, DISREGARDING any amounts borrowed from other Group Companies) provided always that, subject to applicable law, nothing in these Articles (including without limitation this provision) shall restrict or prevent or be deemed to restrict or prevent the issuance by the Company of any corporate or convertible bonds or other debt instruments on an unsecured basis.”

    “24.12  Notwithstanding anything to the contrary within these Articles, meetings of the Board shall be held at such locations and in such manner, and resolutions of Directors passed in writing shall be signed, so as to cause the Company to:
      24.12.1    be resident for taxation purposes in Jersey; and
      24.12.2    comply with the Taxation (Companies – Economic Substance) (Jersey) Law 2019.”

    36,267,305 shares and votes were registered for the AGM, representing 54.39% of the issued share capital as at 16 May 2025.

    The number of shares in issue (and total voting rights) as at close of business on 16 May 2025 was 66,678,210 ordinary shares carrying one vote each. Therefore, the total voting rights in the Company as at close of business on 16 May 2025 was 66,678,210.

    The full text of the resolutions passed at the AGM can be found in the Notice of the Annual General Meeting (included within the Annual Report) which is available on the Company’s website at https://investor.coinshares.com/c-governance/general-meetings.

    In response to a shareholder question and as previous advised during the 1Q25 earnings call, the CEO reaffirmed his commitment to the Company’s long-standing objective of enhancing shareholder value by securing a listing on a major U.S. exchange such as Nasdaq or the NYSE.

    Several potential paths to listing were outlined, including a secondary listing and reverse takeover structures. The CEO noted that the reverse takeover market in the U.S. is currently active, offering a range of options—from legacy listed entities seeking a strategic reset to clean shells, with or without available cash.

    CoinShares’ strong earnings and robust margins provide meaningful strategic flexibility. At this stage, the Company remains focused on completing its PCAOB historical audit, which is the primary gating item for any U.S. listing initiative.

    About CoinShares

    CoinShares is a leading global investment company specialising in digital assets, that delivers a broad range of financial services across investment management, trading and securities to a wide array of clients that includes corporations, financial institutions and individuals. Focusing on crypto since 2013, the firm is headquartered in Jersey, with offices in France, Sweden, Switzerland, the UK and the US. CoinShares is regulated in Jersey by the Jersey Financial Services Commission, in France by the Autorité des marchés financiers, and in the US by the Securities and Exchange Commission, National Futures Association and Financial Industry Regulatory Authority. CoinShares is publicly listed on the Nasdaq Stockholm under the ticker CS and the OTCQX under the ticker CNSRF.

    For more information on CoinShares, please visit: https://coinshares.com
    Company | +44 (0)1534 513 100 | enquiries@coinshares.com
    Investor Relations | +44 (0)1534 513 100 | enquiries@coinshares.com

    This information is information that CoinShares International Limited is obliged to make public pursuant to the EU Market Abuse Regulation (596/2014). The information in this press release has been published through the agency of the contact persons set out above, at 08:30 BST on Monday, 2 June 2025.

    The MIL Network –

  • MIL-OSI: Danske Bank share buy-back programme: transactions in week 22

    Source: GlobeNewswire (MIL-OSI)

    Company announcement no. 27 2025

    Danske Bank

    Bernstorffsgade 40

    DK-1577 København V

    Tel. + 45 33 44 00 00

    2 June 2025

    Page 1 of 1

    Danske Bank share buy-back programme: transactions in week 22

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

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

    The following transactions on Nasdaq Copenhagen A/S were made under the share buy-back programme in week 22:
      Number of shares VWAP DKK Gross value DKK
    Accumulated, last announcement 6,326,466 226.7928 1,434,796,980
    26 May 2025 51,000 255.0470 13,007,397
    27 May 2025 49,795 253.3644 12,616,280
    28 May 2025 50,000 250.4486 12,522,430
    29 May 2025      
    30 May 2025      
    Total accumulated over week 22 150,795 252.9667 38,146,107
    Total accumulated during the share buyback programme 6,477,261 227.4022 1,472,943,087

    With the transactions stated above, the total accumulated number of own shares under the share buy-back programme corresponds to 0.776% of Danske Bank A/S’ share capital.

    Danske Bank

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

    Attachment

    The MIL Network –

  • MIL-OSI: Illumio Simplifies Zero Trust in Critical Infrastructure with NVIDIA Accelerated Computing

    Source: GlobeNewswire (MIL-OSI)

    SUNNYVALE, Calif., June 02, 2025 (GLOBE NEWSWIRE) — Illumio Inc., the breach containment company, today announced a strategic integration with NVIDIA to help critical infrastructure organizations strengthen protections and advance their Zero Trust posture. The collaboration integrates the NVIDIA BlueField networking platform with Illumio’s breach containment platform, delivering robust security and operational efficiency across converged IT and Operational Technology (OT) environments.

    Critical infrastructure organizations can now deploy Illumio directly on NVIDIA BlueField, providing security teams with a comprehensive view of network dependencies and precise security controls at both the host and network level. Organizations can gain deep visibility into traffic, protect critical assets, and use NVIDIA BlueField DPUs as effective Zero Trust enforcement points, dramatically simplifying the protection of critical systems and ensuring operational continuity while meeting stringent compliance requirements. In the future, they will also be able to use Illumio’s AI-driven insights to identify risks and attacker patterns, enabling rapid detection of threats in ICS and OT environments.

    The collaboration comes amid rising threats and increased regulatory pressure globally to strengthen cyber resilience and reduce operational risk to OT infrastructure. Key benefits to organizations include:

    • Visibility and policy enforcement for traffic within and between IT and OT layers: Visualize all traffic to and from OT systems equipped with NVIDIA BlueField, using Illumio’s flexible labeling architecture to understand how systems communicate across the entire infrastructure. 
    • Rapid deployment of Zero Trust for critical infrastructure: Easily extend Zero Trust segmentation to OT and ICS environments, reducing deployment complexity, accelerating time to value, and containing breaches by mitigating lateral movement risks.
    • Improved compliance and operational resilience: Identify assets and threats, monitor traffic, and enforce security policies across converged IT/OT environments with no impact to system performance or architectural overhauls. Organizations get consistent and reliable microsegmentation across diverse environments without compromising uptime or resiliency.

    “The integration between Illumio and NVIDIA will significantly strengthen security for cyber-physical systems and bring us closer to achieving our vision of a world without cyber disasters,” says Todd Palmer, Senior Vice President of Global Partner Sales and Alliances, Illumio. “Critical infrastructure is under threat like never before. Together with NVIDIA, we’re making it easier for organizations to protect critical systems, ensure operational continuity, and meet stringent compliance requirements in an increasingly complex landscape.”

    “Cyber risks against critical infrastructure are more sophisticated and disruptive than ever, and lateral movement remains a key factor in successful attacks,” says Ofir Arkin, Senior Distinguished Architect for Cybersecurity at NVIDIA. “Integrating the Illumio and NVIDIA BlueField platforms enables organizations to enhance visibility and control across IT and OT networks, reduce risk, contain attacks, and strengthen operational resilience.”

    Recognized as a leader in The Forrester Wave™: Microsegmentation Solutions, Q3 2024, Illumio is a trusted, dedicated segmentation vendor in the NVIDIA partner ecosystem, delivering a robust cybersecurity platform dedicated to containing breaches. Built on an AI security graph, and comprising Illumio Insights (AI cloud detection and response) and Illumio Segmentation (Zero Trust Segmentation), the platform empowers organizations to identify risks, and contain threats instantly, enabling a Zero Trust strategy. 

    To witness the integration between Illumio and NVIDIA in action, visit the Illumio booth (E30) at Infosecurity Europe in London, happening from June 3–5. More information here: https://www.illumio.com/resources/events/infosec-2025

    About Illumio   
    Illumio is the leader in ransomware and breach containment, redefining how organizations contain cyberattacks and enable operational resilience. Powered by the Illumio AI Security Graph, our breach containment platform identifies and contains threats across hybrid multi-cloud environments – stopping the spread of attacks before they become disasters.

    Recognized as a Leader in the Forrester Wave™ for Microsegmentation, Illumio enables Zero Trust, strengthening cyber resilience for the infrastructure, systems, and organizations that keep the world running.

    Illumio Contact: comms-team@illumio.com  

    The MIL Network –

  • MIL-OSI Economics: Development Asia: Empowering Women, Greening Urban Transport in Uzbekistan

    Source: Asia Development Bank

    Until recently, legal restrictions in Uzbekistan limited women’s access to many jobs. Although a 2019 presidential decree abolished a list of more than 300 professions where female labor was either completely or partially prohibited, legal restrictions remained and prevented women from driving buses or freight vehicles weighing over 2.5 tons or carrying more than 14 passengers. This changed with Cabinet of Ministers’ Resolution No. 85 in February 2024, which officially lifted the remaining barriers.

    While this legislative reform marks a significant step forward, there are still obstacles that limit women’s full participation in public transport employment, highlighting the need for coordinated and effective solutions.

    A key obstacle is the lack of public awareness regarding available opportunities in the transport sector. Although there is strong demand for skilled drivers, information about the benefits of working as an electric bus driver—particularly for women—is still limited.

    Targeted information campaigns, showcasing success stories of female drivers, and media visibility of their contributions to urban mobility could play a vital role in reshaping public perceptions of the profession and inspire more women to consider careers in public transport.

    Working conditions also need to be improved since bus driving is physically and mentally demanding. The World Bank report Closing Gender Gaps in Transport recommends measures such as better shift scheduling, access to clean and well-lit rest areas, provision of sanitary facilities, and implementation of safety programs, which can attract more women to the profession. Modern electric buses, designed with ergonomic driver workstations, also help reduce physical strain and make vehicle operation more comfortable.

    Access to quality training remains a significant barrier. Acquiring the necessary driver’s license and completing required certification courses involve financial costs, which can deter potential candidates. To address this, government support through training subsidies and incentives for companies that hire female drivers could overcome these barriers and encourage higher female participation in the transport sector.

    MIL OSI Economics –

  • MIL-Evening Report: Australia’s latest emissions data reveal we still have a giant fossil fuel problem

    Source: The Conversation (Au and NZ) – By Emma Lovell, Senior Lecturer in Chemical Engineering, UNSW Sydney

    According to Australia’s Climate Change and Energy Minister Chris Bowen, the latest emissions data show “we are on track to reach our 2030 targets” under the Paris Agreement. In 2024, Australia’s greenhouse gas emissions were “27% below 2005 levels”. That’s great news, right?

    Well, yes and no. Australia continues to rely on changes in land use to compensate for emissions released into the atmosphere.

    In other words, Australia’s plants are considered to be taking more carbon dioxide out of the atmosphere now than in 2005. Their efforts are captured in the Land Use, Land-Use Change and Forestry (LULUCF) sector, which is the single largest reason for the significant reduction in Australian emissions.

    Without accounting for land use, Australia’s emissions have only decreased 3% since 2005, not 27%.

    If Australia is serious about reducing emissions and tracking towards net zero by 2050, we need to tackle a series of inconvenient truths about fossil fuels. Fossil fuels feed into almost every aspect of our lives, not just cars and power plants. There are substitutes, but they are not easy to source – and they don’t come cheap.

    How fossil fuel exports drive up emissions here and overseas

    Australia is one of the world’s biggest fossil fuel exporters. The coal, oil and natural gas we export is either burnt or combined with our sizeable iron ore exports to produce iron. But the greenhouse gases are released overseas, so they don’t count in Australia’s emissions data.

    This is in line with our international commitments under the Paris agreement. But there is an argument to be made that even though Australia doesn’t burn those exports, we should acknowledge our central role in contributing to global emissions. We may need to account for these in future reporting.

    Australia’s export emissions are likely to be triple that of our domestic emissions. These emissions have been increasing consistently over the last decade.

    But the process of extracting fossil fuels and preparing them for export does show up in Australia’s domestic emission figures, through what’s called “fugitive emissions”. These fugitive emissions are the unavoidable leaks that occur when we pull fossil fuels out of the ground, store, transport and process them.

    In the year to 2024, fugitive emissions accounted for 10.6% of our emissions, which is far greater than emissions from industrial processes (6.8%).

    Disturbingly, recent analysis suggests fugitive emissions could be drastically underreported. Because these emissions are tricky to measure, they are often estimated on an average basis. This means reported values do not accurately reflect true releases.

    When it comes to fugitive and export emissions, Australia is not on track to meet 2030 targets. Recent export-focused fossil project approvals such as the North West Shelf gas project suggest we might even be backtracking.

    Chris Bowen on Insiders, Sunday June 1, 2025 (ABC News)

    The transition to renewables

    Closing dirty old coal-fired power stations and replacing them with renewable energy such as solar and wind power does cut emissions. The reduction in emissions from the electricity sector, down 23.7% on 2005 levels, is good news. But the difference is still small enough that seasonal variations from Tasmania’s hydro power plants can distort the annual figures.

    At least there is a plan in place for the energy transition. Big, slow wheels are in motion.

    Unfortunately the reality is we will need much, much more renewable energy in the future. Up to three times the current capacity of the National Electricity Market will be needed to cover future domestic energy requirements across electricity and other sectors out to 2050.

    Significantly more would be required to generate enough additional green energy to also produce green value-added commodities.

    Australia’s clean energy challenge

    Discussions around transitioning from fossil fuels typically overlook how deeply they are embedded in our everyday lives.

    Not just the fuel we use in our cars, but the roads we drive on. Not just the electricity we use to power our hospitals, but the steel used to build them and the pharmaceuticals we rely on.

    Globally, around 13% of fossil fuels are not burned but used to make these key chemicals. What’s the alternative?

    Clean electricity is the key.

    Electricity can be used to make hydrogen from water through electrolysis. This hydrogen can then replace fossil fuels in manufacturing – making products such as green steel and ammonia for fertiliser.

    When combined with non-fossil sources of carbon, hydrogen can also be turned into renewable fuels, such as sustainable aviation fuel. It can be used to synthesise green versions of petrochemicals used in industrial processes such as ethanol, propylene and ethylene, which are currently sourced from fossil fuels.

    This takes energy. Lots of it. Fortunately Australia has all the ingredients needed for a booming green industry – one that’s much broader than just renewable electricity.

    Currently, it costs more to produce these chemicals without using fossil fuels. That’s why some companies and state governments have been pulling back from their investments in green hydrogen.

    Most people talk about green hydrogen in the context of energy storage or export. But it can also enable the transition away from fossil fuels in other sectors. The technology exists to make these chemicals and products, without the emissions and it’s slowly but steadily moving closer toward price parity.

    If we can nail this switch to fossil-free alternatives to petrochemicals, Australia would be able to add value onshore, rather than exporting raw materials. For example, we could export iron, not iron ore. Methanol or ammonia, not hydrogen. Export the jumper, not the wool.

    Heavy industry driven by renewables?

    On Sunday, Bowen said he found some areas of the 2024 emissions figures “encouraging, like industrial emissions, way down and lower than 2021”.

    Unfortunately, this result was partly due to a decline in manufacturing. Onshore manufacturing capability has been steadily decreasing, despite increased fossil fuel extraction.

    Unless we ramp up green manufacturing – replacing fossil fuel exports with much needed renewable products and fuels – we will continue to bear responsibility, if not direct accountability, for large, exported emissions as well as onshore fugitive emissions.

    And no amount of changes to land use can account for that.

    The authors do not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

    – ref. Australia’s latest emissions data reveal we still have a giant fossil fuel problem – https://theconversation.com/australias-latest-emissions-data-reveal-we-still-have-a-giant-fossil-fuel-problem-257907

    MIL OSI Analysis – EveningReport.nz –

  • MIL-Evening Report: Pro-Trump candidate wins Poland’s presidential election – a bad omen for the EU, Ukraine and women

    Source: The Conversation (Au and NZ) – By Adam Simpson, Senior Lecturer, International Studies, University of South Australia

    Poland’s presidential election runoff will be a bitter pill for pro-European Union democrats to swallow.

    The nationalist, Trumpian, historian Karol Nawrocki has narrowly defeated the liberal, pro-EU mayor of Warsaw, Rafał Trzaskowski, 50.89 to 49.11%.

    The Polish president has few executive powers, though the office holder is able to veto legislation. This means the consequences of a Nawrocki victory will be felt keenly, both in Poland and across Europe.

    With this power, Nawrocki, backed by the conservative Law and Justice party, will no doubt stymie the ability of Prime Minister Donald Tusk and his Civic Platform-led coalition to enact democratic political reforms.

    This legislative gridlock could well see Law and Justice return to government in the 2027 general elections, which would lock in the anti-democratic changes the party made during their last term in office from 2015–2023. This included eroding Poland’s judicial independence by effectively taking control of judicial appointments and the supreme court.

    Nawrocki’s win has given pro-Donald Trump, anti-liberal, anti-EU forces across the continent a shot in the arm. It’s bad news for the EU, Ukraine and women.

    A rising Poland

    For much of the post-second world war era, Poland has had limited European influence.

    This is no longer the case. Poland’s economy has boomed since it joined the EU in 2004. It spends almost 5% of its gross domestic product on defence, almost double what it spent in 2022 at the time of Russia’s full-scale invasion of Ukraine.

    Poland now has a bigger army than the United Kingdom, France and Germany. And living standards, adjusted for purchasing power, are about to eclipse Japan’s.

    Along with Brexit, these changes have resulted in the EU’s centre of gravity shifting eastwards towards Poland. As a rising military and economic power of 37 million people, what happens in Poland will help shape Europe’s future.

    Impacts on Ukraine

    Poland’s new position in Europe is most clearly demonstrated by its central role in the fight to defend Ukraine against Russia.

    This centrality was clearly demonstrated during the recent “Coalition of the Willing” summit in Kyiv, where Tusk joined the leaders of Europe’s major powers – France, Germany and the UK – to bolster support for Ukraine and its president, Volodymyr Zelensky.

    However, Poland’s unqualified support for Ukraine will now be at risk because Nawrocki has demonised Ukrainian refugees in his country and opposed Ukrainian integration into European-oriented bodies, such as the EU and NATO.

    Nawrocki was also backed during his campaign by the Trump administration. Kristi Noem, the US secretary of homeland security, said at the recent Conservative Political Action Conference in Poland:

    Donald Trump is a strong leader for us, but you have an opportunity to have just as strong of a leader in Karol if you make him the leader of this country.

    Trump also hosted Nawrocki in the Oval Office when he was merely a candidate for office. This was a significant deviation from standard US diplomatic protocol to stay out of foreign elections.

    Nawrocki has not been as pro-Russia as some other global, MAGA-style politicians, but this is largely due to Poland’s geography and its difficult history with Russia. It has been repeatedly invaded across its eastern plains by Russian or Soviet troops. And along with Ukraine, Poland shares borders with the Russian client state of Belarus and Russia itself in Kaliningrad, the heavily militarised enclave on the Baltic Sea.

    I experienced the proximity of these borders during fieldwork in Poland in 2023 when I travelled by car from Warsaw to Vilnius, the Lithuanian capital, via the Suwalki Gap.

    This is the strategically important, 100-kilometre-long border between Poland and Lithuania, which connects the Baltic states to the rest of NATO and the EU to the south. It’s seen as a potential flashpoint if Russia were ever to close the gap and isolate the Baltic states.

    Poland’s conservative nationalist politicians are therefore less Russia-friendly than those in Hungary or Slovakia. Nawrocki, for instance, does not support cutting off weapons to Ukraine.

    However, a Nawrocki presidency will still be more hostile to Ukraine and its interests. During the campaign, Nawrocki said Zelensky “treats Poland badly”, echoing the type of language used by Trump himself.

    Poland divided

    The high stakes in the election resulted in a record turnout of almost 73%.

    There was a stark choice in the election between Nawrocki and Trzaskowski.

    Trzaskowski supported the liberalisation of Poland’s harsh abortion laws – abortion was effectively banned in Poland under the Law and Justice government – and the introduction of civil partnerships for LGBTQ+ couples.

    Nawrocki opposed these changes and will likely veto any attempt to implement them.

    While the polls for the presidential runoff election had consistently shown a tight race, an Ipsos exit poll published during the vote count demonstrated the social divisions now facing the country.

    As in other recent global elections, women and those with higher formal education voted for the progressive candidate (Trzaskowski), while men and those with less formal education voted for the conservative (Nawrocki).

    After the surprise success of the liberal, pro-EU presidential candidate in the Romanian elections a fortnight ago, pro-EU forces were hoping for a similar result in Poland, as well.

    That, for now, is a pipe dream and liberals across the continent will now need to negotiate a difficult relationship with a right-wing, Trumpian leader in the new beating heart of Europe.

    Adam Simpson 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. Pro-Trump candidate wins Poland’s presidential election – a bad omen for the EU, Ukraine and women – https://theconversation.com/pro-trump-candidate-wins-polands-presidential-election-a-bad-omen-for-the-eu-ukraine-and-women-257617

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI Banking: Development Asia: Empowering Women, Greening Urban Transport in Uzbekistan

    Source: Asia Development Bank

    Until recently, legal restrictions in Uzbekistan limited women’s access to many jobs. Although a 2019 presidential decree abolished a list of more than 300 professions where female labor was either completely or partially prohibited, legal restrictions remained and prevented women from driving buses or freight vehicles weighing over 2.5 tons or carrying more than 14 passengers. This changed with Cabinet of Ministers’ Resolution No. 85 in February 2024, which officially lifted the remaining barriers.

    While this legislative reform marks a significant step forward, there are still obstacles that limit women’s full participation in public transport employment, highlighting the need for coordinated and effective solutions.

    A key obstacle is the lack of public awareness regarding available opportunities in the transport sector. Although there is strong demand for skilled drivers, information about the benefits of working as an electric bus driver—particularly for women—is still limited.

    Targeted information campaigns, showcasing success stories of female drivers, and media visibility of their contributions to urban mobility could play a vital role in reshaping public perceptions of the profession and inspire more women to consider careers in public transport.

    Working conditions also need to be improved since bus driving is physically and mentally demanding. The World Bank report Closing Gender Gaps in Transport recommends measures such as better shift scheduling, access to clean and well-lit rest areas, provision of sanitary facilities, and implementation of safety programs, which can attract more women to the profession. Modern electric buses, designed with ergonomic driver workstations, also help reduce physical strain and make vehicle operation more comfortable.

    Access to quality training remains a significant barrier. Acquiring the necessary driver’s license and completing required certification courses involve financial costs, which can deter potential candidates. To address this, government support through training subsidies and incentives for companies that hire female drivers could overcome these barriers and encourage higher female participation in the transport sector.

    MIL OSI Global Banks –

  • MIL-OSI Banking: Panasonic Connect Announces Personnel Change of Leadership Team Members

    Source: Panasonic

    Headline: Panasonic Connect Announces Personnel Change of Leadership Team Members

    The content in this website is accurate at the time of publication but may be subject to change without notice.Please note therefore that these documents may not always contain the most up-to-date information.Please note that German, French and Chinese versions are machine translations, so the quality and accuracy may vary.

    MIL OSI Global Banks –

  • MIL-OSI Banking: Danmarks National­bank’s comments on the Economic Council’s discussion paper, Spring 2025

    Source: Danmarks Nationalbank

    Danmarks Nationalbank generally shares the Chairmanship’s assessment of the growth outlook, along with price and wage developments in the coming years. Despite the trade conflict, there are still prospects for significant growth in Danish exports, partly due to production abroad under Danish ownership, while increases in real wages support growth in private consumption. In its latest projection from March, Danmarks Nationalbank predicted higher growth and, contrary to the Chairmanship, that employment will continue to increase in the coming years. This reflects a subsequent increase in US tariffs and a different assessment of how the current capacity pressure in the economy will affect growth.

    Danmarks Nationalbank shares the Chairmanship’s assessment that there is currently unusually high uncertainty affecting consumers and businesses, e.g. it is difficult to plan investments and supply chains etc. However, Danmarks Nationalbank shares the Chairmanship’s assessment that the Danish economy has a solid foundation without significant imbalances to handle the uncertainty arising from the trade conflict.

    The Chairmanship notes that trade is important, especially for a small, open economy like Denmark. Increased tariffs hamper economic activity, productivity and prosperity as less trade reduces the ability to utilise comparative advantages and capitalise on economies of scale. Danmarks Nationalbank agrees with this.

    Since the bank’s last projection, a number of risks related to the trade conflict have materialised and a number of international organisations have downgraded growth in Denmark’s export markets. Based on a number of model calculations, Danmarks Nationalbank estimates that increased tariffs will weaken economic activity and, in common with the Chairmanship, assesses that there is no prospect of a massive downturn even if further risks related to the trade conflict materialise.

    The Chairmanship assesses that the Danish economy will remain in a moderate boom with a high level of employment in the coming years. Danmarks Nationalbank to a greater extent than the Chairmanship assesses that pressure on the labour market has eased and that it is currently lower than the Chairmanship’s assessment. Overall, Danmarks Nationalbank assesses that the Danish economy is currently in an approximately neutral cyclical stance. This assessment is reflected in the fact that most indicators of pressure on the labour market do not deviate significantly from the period immediately before the pandemic, when developments in consumer prices were weak and wage growth moderate. Lower pressure on the labour market compared to a few years ago is also reflected in this spring’s collective wage agreements in the private labour market, with agreed wage increases compatible with stable, low inflation, as the Chairmanship also expects.

    Based on the assessment that the Danish economy is in a moderate boom, the Chairmanship assesses that fiscal policy is too expansionary for the coming years from a narrow stabilisation perspective, which increases the risk of imbalances building up in the Danish economy. However, the Chairmanship also states that there are currently no clear cyclical imbalances in the Danish economy and that consequently, there are no imminent socio-economic risks in the planned fiscal policy. In its March projection, Danmarks Nationalbank agreed with the Chairmanship that there is considerable uncertainty about future defence spending and how much it will impact capacity pressures. A significant and rapid increase in defence spending could increase capacity pressures and challenge public finances. Danmarks Nationalbank assesses that if capacity pressure increases noteworthy, it should be offset by fiscal policy measures that reduce pressure in the economy accordingly. This assessment reflects that Denmark is currently assessed to be in a neutral cyclical position.

    Danmarks Nationalbank agrees with the Chairmanship that a uniform carbon tax on emissions basically ensures the cheapest reductions in socio-economic terms. Danmarks Nationalbank also agrees that uniform pricing of greenhouse gas emissions in agriculture across EU countries reduces total socio-economic costs, and that it is therefore ideally appropriate to work towards agriculture being covered by a common quota system at EU level.

    MIL OSI Global Banks –

  • India Stands Out as Global Fintech Bright Spot as Credit Demand Surges

    Source: Government of India

    Source: Government of India (2)

    ndia has emerged as one of the most dynamic fintech markets globally, driven by a potent combination of digital public infrastructure (UPI, Aadhaar, Account Aggregator), a mobile-first population, and regulatory clarity, a report showed on Monday.

    Fintech-led digital lending grew at a 35 per cent CAGR in 2024, driven by rising credit demand, according to the report by QED Investors and Boston Consulting Group (BCG).

    Tools like UPI have enabled a wave of fintech innovation — from digital lending to payments to wealth — particularly benefiting underserved and unbanked populations. These enablers have accelerated innovation and financial inclusion at scale, making India a key focus for both global investors and domestic fintech players, said the report.

    India features among the top geographies poised for future fintech investment. Investors are encouraged to diversify capital into high-growth regions like India, with an emphasis on AI integration and disciplined scaling, it added.

    India’s affluent middle class, currently 31 per cent of the population, is projected to grow to 40 per cent (nearly 600 million) by 2031. This demographic shift is fuelling a surge in consumer demand for credit across the retail, consumption, and SME sectors.

    “India stands at a unique inflection point in the global fintech landscape. With a strong foundation in digital infrastructure like UPI, Aadhaar, Account Aggregator, and a tech-savvy, mobile-first population, the country has already shown how innovation can drive financial inclusion at scale,” said Sandeep Patil, Partner and Head of Asia at QED Investors.

    To win the next chapter, fintechs must pair innovation with disciplined execution.

    “That means building trust, demonstrating profitability, and navigating an evolving regulatory landscape with maturity. The Indian market is large, dynamic, and underpenetrated — well positioned to be one of the defining arenas for global fintech over the next decade,” Patil added.

    Globally, in 2024, fintech revenues grew by 21 per cent — up from 13 per cent in 2023 — marking a threefold acceleration over the financial services industry at large.

    “A class of scaled fintechs is coming of age. Investors are demanding greater maturity, and regulators want more accountability,” said Deepak Goyal, a Managing Director and Senior Partner at BCG.

    “Meanwhile, emerging disruptors are harnessing next-generation technologies like agentic AI and pioneering new business models, pushing established players to continuously innovate,” he added.

    (IANS)

  • President of Paraguay Santiago Peña begins state visit to India

    Source: Government of India

    Source: Government of India (2)

    he President of Paraguay, Santiago Peña Palacios, arrived in India on Monday for a State Visit from June 2 to 4 at the invitation of Prime Minister Narendra Modi. This marks his first official visit to India and only the second-ever visit by a Paraguayan head of state to the country.

    President Peña is accompanied by a high-level delegation comprising ministers, senior officials, and business representatives. As part of the visit, he will also travel to Mumbai before concluding his trip on June 4.

    During his stay in New Delhi, President Peña is scheduled to hold discussions with Prime Minister Modi on Monday, where the two leaders will review the full spectrum of bilateral relations. Prime Minister Modi is also set to host a luncheon in honour of the visiting dignitary. President Droupadi Murmu is expected to meet President Peña and will host a banquet in his honour. Vice President Jagdeep Dhankhar and External Affairs Minister Dr. S. Jaishankar are also expected to call on the Paraguayan President.

    India and Paraguay established diplomatic relations on September 13, 1961, and have since shared warm and cooperative ties. Over the years, both nations have expanded their collaboration in key sectors such as trade, agriculture, health, pharmaceuticals, and information technology. Paraguay holds significance as a trading partner for India within Latin America, with several Indian companies in the automobile and pharmaceutical sectors operating in the country. Conversely, Paraguayan firms, primarily through joint ventures, have established a presence in India, adding strength to bilateral economic engagement.

    The two nations also share similar perspectives on various global issues, including the need for reforms in the United Nations, action on climate change, promotion of renewable energy, and the fight against terrorism.

    As part of his Mumbai visit, President Peña is expected to meet with state leaders as well as representatives from India’s business community, startups, innovators, and the technology sector.