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Category: Business

  • MIL-OSI Russia: SpaceX Loses Both Rocket Stages in Third Consecutive Starship Test Failure

    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

    SACRAMENTO, U.S., May 28 (Xinhua) — SpaceX’s third consecutive Starship rocket launch ended in another failure on Tuesday evening, dealing a fresh blow to the company’s ambitions to colonize Mars.

    The 122-metre-tall Starship rocket lifted off at 19:37 local time on Tuesday /03:37 GMT on Wednesday/ from the Starbase launch site near Boca Chica, Texas. Both stages of the vehicle, the Super Heavy booster and the Starship itself, were lost during the test flight. The mission was the first attempt to reuse the super heavy launch vehicle in the Starship program.

    “We lost control,” SpaceX spokesman Dan Huot said during the company’s livestream. He said the spacecraft also “had a fuel leak.”

    The first stage of the Super Heavy rocket, powered by 33 methane-fueled engines, failed when its engines ignited for a splashdown in the Gulf of Mexico. SpaceX had deliberately programmed the rocket for a more intense descent trajectory as part of the test.

    Starship’s booster initially worked well. However, during the flight, the ship’s cargo bay door failed to open fully, preventing the launch of eight Starlink satellite simulators.

    The failure of the ninth test flight continues a troubling trend involving the design of SpaceX’s Block 2 Starship. Repeated failures have created serious problems for NASA’s Artemis program, which is using a modified version of Starship to land astronauts on the moon by 2027. –0–

    MIL OSI Russia News –

    May 28, 2025
  • Northeast holds key for India’s $30-trillion vision towards Viksit Bharat: PMO

    Source: Government of India

    Source: Government of India (4)

    The northeastern region holds the key for India’s $30-trillion vision towards Viksit Bharat at 2047, the Prime Minister’s Office (PMO) said on Wednesday.

    Responding to an X post by Union Minister for Development of North Eastern Region (DoNER), Jyotiraditya Scindia, the PMO said, “Northeast India is no longer a frontier, it’s the front-runner”.

    “Union Minister @JM_Scindia pens down a detailed article on the region’s rise as a strategic hub for trade, connectivity, and India’s $30-trillion vision for Viksit Bharat. Give it a glance,” the PMO said in its post.

    Earlier, Scindia said that the northeast holds the key to a $30-trillion economy.

    “I pen down my article on how the Northeast is transforming into India’s strategic gateway to Southeast Asia – powering trade, connectivity, and our $30-trillion ambition towards a Viksit Bharat,” the minister posted.

    At the recently concluded ‘Rising North East Investors Summit 2025,’ Scindia said that the northeastern region has emerged as a hub of global partnership and mutual interest.

    The minister informed that the two-day summit drew an unprecedented Rs 4.3 lakh crore investment proposal, setting the stage for the Northeast Region (NER) to become India’s next economic powerhouse.

    “We will continue B2G and B2B dialogues, where the Ministry for DoNER will act as a bridge between investors and state governments – to ensure that each approved project translates swiftly into reality,” he assured.

    Delegations from over 80 countries – ranging from Japan to Europe to ASEAN nations — attended the summit, and there was one unanimous sentiment: India’s future lies in the Northeast.

    The Centre adopted a “whole-of-government” approach for the development of the northeastern region and created eight high-level task forces across key sectors: agriculture, sports, investment promotion, tourism, economic corridors, infrastructure, textiles and handicrafts, and animal husbandry, allowing each state to chart its own roadmap.

    Prime Minister Narendra Modi has assured that the Northeast now offers top-tier talent across various sectors, encouraging industries and investors to leverage the region’s immense potential.

    (IANS)

    May 28, 2025
  • MIL-OSI Africa: Afreximbank wins mandate as sole financial advisor for South Africa’s $1.7-billion Suiso Project

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

    CAIRO, Egypt, May 28, 2025/APO Group/ —

    African Export-Import Bank’s (Afreximbank) (www.Afreximbank.com) Advisory and Capital Markets (ACMA) department has been appointed and mandated as the exclusive financial advisor to raise capital for the US$1.7-billion Suiso Project, a transformative coal-to-fertiliser facility to be developed in Kriel, Mpumalanga Province, in South Africa.

    As financial advisor, ACMA’s role will involve leveraging its network and expertise to structure and mobilise the capital required for the project’s execution.

    The Suiso Project, which aims to promote sustainable agriculture, will use cutting-edge fertiliser technology, such as air products gasification, and is expected to enhance the food security situation in the region. Sponsored by a consortium of leading energy and industrial companies committed to sustainable development and economic growth in the region, the project represents a significant investment in South Africa’s industrial agriculture sector aimed at reducing dependency on imported fertilisers.

    This appointment is a reflection of the increasing recognition of Afreximbank’s capacity and commitment to supporting large-scale projects with the potential to drive industrialisation and economic development across Africa.

    Suiso was formed recently to focus on the manufacture of ammonia and fertiliser, using a fossil-fuel gasification process. It intends to build a more resilient and sustainable fertiliser and agricultural market across Sub-Saharan Africa with more efficient fertiliser application rates and a reduction in greenhouse gas emissions. Suiso plans to establish a blue ammonia production facility with a capacity of 2,200 tonnes per day (TPD).  This facility will produce approximately 2,600 TPD of Urea, 1,600 TPD of Ammonium Nitrate (TAN), and a low-density Ammonium Nitrate using prilling technology, with any excess ammonia being sold in bulk.

    MIL OSI Africa –

    May 28, 2025
  • MIL-OSI Africa: APO Group Celebrates Africa Day with a Bold Reminder: We’ve Been Leading Strategic Communications across the Continent for Almost Two Decades

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

    JOHANNESBURG, South Africa, May 28, 2025/APO Group/ —

    Africa Day is here, bringing with it the flood of inspirational quotes, curated pan-African playlists, and the sudden resurgence of brands eager to celebrate the continent, if only for a day.

    But for some of us, Africa is not a campaign. It’s not a market. It’s home.

    At APO Group, we don’t just “show up” for Africa Day. We’ve been here, every day, for almost two decades, amplifying African stories, building brands and reputations, and connecting the continent to the world.

    Africa is not a monolith. It is 54 nations, over 2,000 languages, and countless nuances that demand deep respect. Understanding it takes commitment.  And APO Group, the leading, award-winning pan-African media relations and communications consultancy, has it.

    APO Group has helped thousands of African CEOs land global coverage, launch pan-African unicorns, and turn local brands into international headlines. This Africa Day, we’re not launching a campaign. We’re just reminding everyone that if you want to do communications in Africa, it helps to know Africa.

    At a time when global PR firms headquartered in the USA are announcing their new Africa-focused teams — complete with four pins on a map and a flurry of buzzwords — APO Group is celebrating the one thing no one can copy overnight: authentic, home-grown, on-the-ground experience.

    From Dakar to Dar es Salaam, Cairo to Cape, APO Group’s pan-African team has been delivering real impact across the continent; not just in press releases, but in powerful results. With expert consultants in every region, local insights and expertise, and a reputation built on trust, APO Group is more than a communications consultancy.  It is Africa’s most established strategic communications powerhouse.

    “Africa Day is a reminder of what makes this continent extraordinary – its people, its voices and its unstoppable momentum”, said Rania El Rafie, Vice President of Public Relations and Strategic Communications at APO Group. “Africa is more than a continent to us — it’s our home, our expertise, and our commitment.” “While others are hiring team members for Africa, our people are already embedded in the culture, language, and industries that drive the continent forward.”

    With clients spanning multinational corporations, African companies and organisations, public sector institutions, NGOs, and other stakeholders, APO Group has earned its reputation as the leading communications partner of choice for organisations serious about Africa. What sets us apart is our remarkable performance:

    • A network that spans all 54 African countries, with local experts in every region;
    • Strategic guidance grounded in local insight;
    • A legacy of hundreds of successful campaigns, from strategic communications to crisis response;
    • Longstanding media partnerships that foster transparency, credibility, and positive storytelling.

    “We believe great communication in Africa starts with listening, not just broadcasting. And it takes consistency, not just campaigns,” said Laila Bastati, Chief Commercial Officer at APO Group. “This is why we’ve built trust with stakeholders from all over, by showing up year after year, and delivering every time.” While others are just mapping out how to enter Africa’s fast-moving markets, APO Group is already there — co-creating growth stories with African businesses, institutions, and communities.

    “For us, Africa isn’t a new frontier — it’s the centre of everything we do,” added Bastati. “Our track record speaks for itself. This Africa Day, we’re building on a legacy.”

    APO Group is reflecting on a proven track record and preparing for the next decade of growth and storytelling that elevates Africa on the global stage.

    “This Africa Day, we’re not launching — we’re reaffirming,” said Bastati. “Reaffirming our commitment to the continent, to our clients, and to the people and stories that shape Africa’s future.”

    Work with the team that’s already there!

    Happy Africa Day. From Africa’s strategic communications leader.

    MIL OSI Africa –

    May 28, 2025
  • MIL-OSI Banking: Samsung Launches One UI 8 Beta Program: The First-Generation Upgrade Starting With the New Galaxy Foldables

    Source: Samsung

    One UI 8 is coming, and early access is now available through its beta program — kicking off a new era of software intelligence that brings a true multimodal AI agent designed for various Samsung Galaxy form factors.
     
    One UI is Samsung’s integrated software platform, designed to help Galaxy devices simplify everyday routines and enhance productivity and convenience. Thanks to the mutual partnership between Samsung and Google, One UI 8 will debut on Samsung’s newest foldables this summer and will gradually expand to more Galaxy devices so users can now enjoy an enriched, more personalized mobile experience with the latest version of Android.
     
    Through open communication, Samsung and Google actively shared their respective design systems and real-time feedback with one another, accelerating software development that made One UI 8 one of the first UI platforms to adopt Android 16.
     
    In addition to being the first generation of upgrades to launch alongside new foldable devices, the launch of One UI 8 also initiates a new rhythm for Samsung’s software evolution with major UX and AI updates. You can get a first glimpse of this innovation by signing up for the beta program kicking off today, starting with the Galaxy S25, S25+ and S25 Ultra in Germany, Korea, the United Kingdom and the United States.
     
     
    Personalized AI for Seamless, Natural Interactions

     
    The official rollout of One UI 8 will introduce an AI experience that will make your everyday smarter and more convenient by enhancing the AI features first introduced in the Galaxy S25 series. There are three main factors that realize this: multimodal capabilities, UX tailored to different device form factors, and personalized, proactive suggestions. Intelligent multimodality enables you to have natural, seamless communication with AI that understands what you’re looking at or watching in the moment. The updated UX is optimized for the unique form factors across the Galaxy product portfolio, boosting your everyday productivity and efficiency. One UI 8 will also recognize your context, offering personalized, proactive suggestions that support your unique daily routine. Features like Now Bar1 and Now Brief2 will deliver even more customized insights and suggestions to help you stay on top of tasks and support your daily routine, through curated AI information.
     
    This intelligent, personalized AI experience did not just come out of nowhere. It is made possible by robust security that safeguards your data. Samsung Knox Vault combines a dedicated secure processor with secure memory to isolate sensitive data from the rest of your user data and ensure that no one else can physically or remotely reach your personal information. One UI 8 also provides settings where you can choose to process data only on the device, as many of our Galaxy AI experiences use both on-device and cloud-based AI processing. With transparency and user choice at its core, One UI 8 will deliver a personalized AI experience without compromising privacy.
     
     
    Enhanced Everyday Convenience

     
    One UI 8 is not only about providing the AI experience, but also includes convenient, intuitive tools designed to make your day-to-day experiences with your mobile devices even more seamless. Auracast3 — a broadcast audio technology based on Bluetooth LE Audio4  — will support effortless audio connection via QR code scanning and sharing, allowing multiple Auracast devices5 — like Galaxy Buds3 and hearing aids — to join a shared audio stream without the hassle of a complex manual setup. Additionally, customer support at repair centers will be faster and more convenient, thanks to QR- and NFC-enabled support6 accessible right in Samsung Account. You can now register with QR or NFC without having to write any registration forms, reducing wait times and simplifying service requests.

     
    The Reminder app will be your travel supporter with more convenient and intuitive features. If you are planning a trip to New York with your family, you can manage all your reminders in one place as soon as you open the app with a UX that is easy-looking even for first-time users. You can also share a list of to-dos for your trip with the press of a button. When your hands are full of shopping bags, you can use your voice to add reminders on the go as it is voice enabled.
     
    Sharing memories with family and friends will also be easier than ever with enhanced Quick Share.7 A single tap of the Quick Share button in the Quick settings panel will let you instantly send and receive files.
     
    The future of Galaxy AI starts now. Sign up through the Samsung Members app to be among the first to experience the power of One UI 8.
     
     
    1 Availability of functions supported may vary by country and model. Some functions may require a network connection and/or Samsung Account login.
    2 Now Brief feature requires a Samsung Account login. Service availability may vary by country, language, device model or apps. Some features may require a network connection.
    3 The quality of the Auracast audio stream may vary depending on the application, network connection and other factors.
    4 Available on devices with Bluetooth 5.2 and above that support Auracast.
    5 Auracast Transmitter/Assistant supported devices: Samsung Galaxy flagship smartphones, tablets released in 2023 or later with Samsung One UI version 6.1 or above. Auracast Receiver supported devices: Galaxy Buds3, Buds3 Pro, Buds2 Pro. May require software update. Availability may vary by market and model.
    6 Available on 36 countries: U.S., Argentina, Austria, Brazil, Chile, Colombia, Czech Republic, Ecuador, France, Greece, Guatemala, Hungary, India, Indonesia, Kenya, Korea, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Pakistan, Panama, Peru, Philippines, Poland, Portugal, Singapore, South Africa, Spain, Taiwan, Thailand, Türkiye, Ukraine, Uzbekistan, Vietnam. Availability may vary by country. The feature availability will expand to more countries via further updates. The feature is available in limited number of repair shops, and will be expanded further afterwards. Available on with Android 10 or above, NFC availability may vary by device, Samsung Account app is available on devices with Android 10 or above. Availability may vary by NFC Memory support availability.
    7 Bluetooth Low Energy and Wi-Fi connection are both required for Quick Share. Number of devices Quick Share can share to at the same time may vary depending on the Wi-Fi chip hardware of the sharing device. Actual speed may vary depending on device, network condition and user environment.

    MIL OSI Global Banks –

    May 28, 2025
  • MIL-OSI United Kingdom: Husband-and-wife directors banned after taking payments for singing waiters when company was insolvent

    Source: United Kingdom – Executive Government & Departments

    Press release

    Husband-and-wife directors banned after taking payments for singing waiters when company was insolvent

    The company continued to take deposits and full payments when it was insolvent

    • Frederick and Claire Reeves hired people who would burst into song at social events such as weddings 

    • The husband-and-wife allowed their company, Solfan1 Limited, to trade when they knew it was in serious financial trouble and on the verge of liquidation 

    • Couples continued to pay deposits or payments in full when Frederick and Claire Reeves knew there was no reasonable expectation the company could provide the services it offered

    A husband-and-wife team who ran a business which provided surprise singing waiters at weddings have been banned as directors after taking payments from customers when the company was insolvent. 

    Frederick Reeves, 49, also known as Jamie Reeves, and his wife Claire Reeves, 41, ran Solfan1 Limited, which traded as The Best Singing Waiters. 

    The company provided performers who would blend in at weddings by pretending to be waiters before bursting into song at an agreed time. 

    However, the couple continued to take deposits, or payments in full, from 43 customers across the UK when they knew their company was unable to pay the debts it owed. 

    The couple, of Dickens Place, Wigan, have now been banned as company directors for eight years. 

    Solfan1 went into liquidation with liabilities of more than £700,000 and assets of just over £168,000. 

    Rob Clarke, Chief Investigator at the Insolvency Service, said: 

    Couples were left heartbroken after finding out the singing waiters they had paid to perform at their weddings would not show up. 

    Several of the customers who lost out financially were even offered discounts by the company to make their payment in full at the time of the booking. 

    The serious misconduct that both Frederick and Claire Reeves displayed falls short of the standards we expect of company directors which is why they have both been disqualified until May 2033.

    Solfan1 was incorporated in November 2015. Claire Reeves was appointed as director in April 2018. 

    Frederick Reeves was never officially listed as director of the company but did not dispute that he acted in the capacity of a director when accepting his disqualification following Insolvency Service investigations. 

    The company was in financial difficulties in early 2024, having been served a winding-up petition from HM Revenue and Customs for tax debts of more than £200,000 at the start of February. 

    Following discussions with a private insolvency practitioner, the couple agreed on 28 March that Solfan1 should be placed into liquidation. 

    However, from then until the company went into liquidation on 1 May 2024, they continued to take deposits and full payments from new customers. 

    Analysis by investigators revealed that an estimated 43 customers made payments totalling £43,590 to the company during that period. 

    The Secretary of State for Business and Trade accepted disqualification undertakings from Frederick and Claire Reeves, and their bans both started on Wednesday 28 May.  

    The undertakings prevent them from being involved in the promotion, formation or management of a company, without the permission of the court.

    Further information

    • Frederick Reeves, also known as Jamie Reeves, is of Dickens Place, Wigan. His date of birth is 29 August 1975 

    • Claire Reeves is of the same address. Her date of birth is 12 October 1983 

    • Solfan1 Limited (company number 09874560) 

    • Individuals subject to a disqualification order or undertaking are bound by a range of restrictions  

    • Further information about the work of the Insolvency Service, and how to complain about financial misconduct.

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    Updates to this page

    Published 28 May 2025

    MIL OSI United Kingdom –

    May 28, 2025
  • MIL-OSI United Kingdom: Household Support Fund is available to support residents in Preston

    Source: City of Preston

    Preston City Council has secured additional funding through the Household Support Fund to continue supporting local residents, following its conclusion of the sixth round of funding in March 2025. This vital fund has been in place for several years to assist those most affected by the ongoing rise in living costs.

    Applications for the latest round will open Monday 27 May, and close on 31 March 2026 or until the funds have been exhausted.

    Councillor Peter Kelly, cabinet member of communities, social justice and night-time economy, said:

    “We’re delighted that we can continue this scheme and help those who need help and support to Preston residents. I would urge all eligible residents in need of help and assistance with energy and water bills, food and essential items to apply.”

    The Household Support Fund is designed to help the households in greatest need, particularly families with children, older residents and anyone facing hardship with essential living costs such as food, energy and water bills. Special consideration will be given to supporting low-income households with energy costs during this period.

    The Household Support Fund has helped keep the Food Banks/Hubs in Preston operating and has helped through each round of the scheme.

    The scheme can provide short-term assistance with essential living expenses, including food, utility bills, essential household appliances and more. Where larger items like fridges or washing machines are needed, these will be purchased through the fund and delivered directly to the applicant.

    In addition to direct support, as part of our preventative support, the scheme offers guidance and referrals to other local services, ensuring residents receive the assistance they may need including help with finances, debt, and welfare benefits to improve longer-term financial security.

    To apply, applicants must live within the Preston City Council area with only one application per household will be considered. The fund is open to anyone vulnerable or struggling to cover essential costs.

    It’s important to note you do not need to be receiving benefits to qualify for help through this fund — and any payments received will not affect existing benefits.

    For full details on how to apply and eligibility, see Household Support Fund.

    MIL OSI United Kingdom –

    May 28, 2025
  • MIL-OSI United Kingdom: Council issues information on changes to Building Control Regulations

    Source: Northern Ireland – City of Derry

    Council issues information on changes to Building Control Regulations

    28 May 2025

    Council advises that anyone involved in the Construction Industry should note that an update in Building Control regulations from the Department of Finance has now come into effect, since May 6th.

    The updates and two new regulations have been added to the Building Regulations (NI) 2012 legislation in Part E. Regulation 37A relates to the provision of fire safety information while Regulation 37B relates to Automatic fire suppression systems.

    Derry City and Strabane District Council’s Director of Environment and Regeneration, Karen Phillips, said all building professionals should be aware of the changes. “I would really encourage contractors, architects and other professionals involved in the building industry to take time to familiarise themselves with the changes introduced by the Department, particularly as they relate to Fire safety,” she stressed.

    “Neglecting to introduce any recommended changes to current practice could mean a breach of the relevant regulatory requirements or result in causing risk or injury. If anyone has any questions about the changes they can contact a member of Council’s Building Control team for further information.”

    Further details on these changes can be found on Council’s website at www.derrystrabane.com/services/building-control/recent-changes

    MIL OSI United Kingdom –

    May 28, 2025
  • MIL-OSI United Kingdom: Mayor extends thanks to everyone who supported her ‘One Big Weekend, One Big Cause’ event

    Source: Northern Ireland – City of Derry

    Mayor extends thanks to everyone who supported her ‘One Big Weekend, One Big Cause’ event

    28 May 2025

    The Mayor of Derry City and Strabane District Council has expressed her overwhelming gratitude to everyone who supported her ‘One Big Weekend, One Big Cause – Revved Up and Ready to Rock for Bud Club’ fundraising extravaganza.

    The spectacular Bank Holiday weekend celebration on 24th and 25th May raised funds for the Bud Club, a vital organisation supporting young people with additional needs across the district.

    “I am absolutely overwhelmed by the incredible response from our community,” said Mayor Barr. “The generosity and spirit shown by everyone who attended has been truly humbling. What we witnessed was our city and district at its absolute best – a community coming together to support those who need it most.”

    Supercar Saturday in Guildhall Square drew crowds throughout the afternoon to see Gary and Stephen McCaul’s stunning collection of 35 luxury vehicles, including Lamborghinis, Ferraris, and McLarens. Popular entertainer Micky Doherty kept spirits high despite the inclement weather.

    Saturday evening’s star-studded concert at the Guildhall was a resounding success, with local favourite Ritchie Remo getting the crowd on their feet, comedian Black Paddy delivering laughs throughout his set, and the Mindbenders bringing the house down with their Ultimate Yacht Rock Show featuring timeless hits from the 70s and 80s.

    The weekend concluded on Sunday with an electric Afrobeats night at St Columb’s Hall, where music lovers danced to infectious rhythms celebrating culture, unity, and community spirit. Adding to the night was Miss Africa-Ireland who brought an incredible exhibition of African fashion along for the audience to enjoy.

    “Every single person who bought a ticket or came out to enjoy the festivities has made a real difference in the lives of young people with additional needs,” the Mayor continued. “The funds raised will directly support Bud Club’s incredible work, providing life-changing opportunities for some of our most vulnerable young citizens.”

    Mayor Barr added: “As I near the end of my term in office, I couldn’t have asked for a better way to conclude this incredible year. This weekend embodied everything I’ve tried to champion – bringing our community together and ensuring we lift up those who need our support. To everyone who made this weekend special – from the bottom of my heart, thank you.”

    MIL OSI United Kingdom –

    May 28, 2025
  • MIL-OSI Russia: Towards a Green Future: GUU Representatives Visit the NEVA Waste Processing Complex

    Translation. Region: Russian Federal

    Source: State University of Management – Official website of the State –

    On May 27, representatives of the State University of Management visited the NEVA waste processing complex, the most modern complex in the Moscow region, equipped with the latest equipment and technologies that meet high international standards.

    Today, 100% of ordinary household waste ends up at KPO NEVA, more than 20% of the total flow is sent for recycling and turns into glass and plastic bottles, sports uniforms, school notebooks, cardboard boxes, as well as pipes, paving slabs and other building materials. Organic waste is converted here into safe technological soil for construction and road works, and another 25% goes to the production of modern RDF fuel.

    The general director of the EcoLine Group, the chairperson of the Commission on Utilization of the Council of the Chamber of Commerce and Industry of the Russian Federation for the Development of the Circular Economy and Ecology Elena Vishnyakova conducted a sightseeing tour for the guests. The representatives of the State Unitary Enterprise visited the automated waste sorting complex, where the components of secondary raw materials are selected, and the composting area, designed for processing organic fractions into technosoil or compost that does not pose a danger to the environment.

    At the end of the excursion, a working meeting was held with the participation of the Deputy Minister for Territory Maintenance and State Housing Supervision of the Moscow Region Svetlana Vikulova to discuss the interaction of the State University of Management and the Ministry on issues of optimization and improvement of processes at waste processing plants. On behalf of the university, the following took part in the discussion of areas of further cooperation: Vice-Rector for Research Maria Karelina, Chief Researcher of the State University of Management Alexey Terentyev, Deputy Director of the Center for Technology Management in Bioengineering Alexey Zaitsev and Researcher of the Research Institute of Public Policy and Management of Industrial Economy Alexey Akulov. The parties discussed issues related to the logistics component of the process of disposal of household waste and outlined promising environmental projects for the secondary processing of waste generated as a result of the life activities of the population.

    Let us recall that in 2024, specialists from the State University of Management developed a Methodology for assessing the efficiency and effectiveness of the activities of heads of management organizations in the field of housing and communal services in the Moscow Region, and the head of the Department for the Coordination of Scientific Research of the State University of Management, Maxim Pletnev, joined the working group of the Public Council for the Maintenance of Territories of Apartment Buildings in the Moscow Region.

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

    MIL OSI Russia News –

    May 28, 2025
  • Drinking soda, fruit juices may raise diabetes risk: Study

    Source: Government of India

    Source: Government of India (4)

    Love to drink sugar-sweetened beverages like soda, fruit juice, or energy and sports drinks? They may raise your risk of developing type 2 diabetes (T2D), according to a study.

    However, dietary sugars consumed in or added to nutrient-dense foods, such as whole fruits, dairy products, or whole grains, do not cause metabolic overload in the liver, said researchers from Brigham Young University in the US.

    These embedded sugars elicit slower blood glucose responses due to accompanying fiber, fats, proteins, and other beneficial nutrients, the team said.

    For the study, published in the journal Advances in Nutrition, researchers analysed data from over half a million people across multiple continents.

    They found that with each additional 350 ml serving of sugar-sweetened beverages (that is, soft drinks, energy drinks, and sports drinks) per day, the risk of developing T2D increased by 25 per cent.

    This strong relationship showed that the increased risk began from the very first daily serving with no minimum threshold below which intake appeared to be safe.

    With each additional 250 millilitres (ml) serving of fruit juice per day (that is, 100 per cent fruit juice, nectars, and juice drinks), the risk of developing T2D increased by 5 per cent.

    “This is the first study to draw clear dose-response relationships between different sugar sources and type 2 diabetes risk,” said lead author Karen Della Corte, BYU nutritional science professor.

    “It highlights why drinking your sugar – whether from soda or juice – is more problematic for health than eating it,” she added.

    The team noted that sugar-sweetened beverages and fruit juice supply isolated sugars, leading to a greater glycemic impact that would overwhelm and disrupt liver metabolism, thereby increasing liver fat and insulin resistance.

    “This study underscores the need for even more stringent recommendations for liquid sugars such as those in sugar-sweetened beverages and fruit juice, as they appear to harmfully associate with metabolic health,” Della Corte said.

    (IANS)

    May 28, 2025
  • Microsoft joins India’s Yotta Data Services to boost AI innovation in country

    Source: Government of India

    Source: Government of India (4)

    Microsoft and Yotta Data Services, India’s leading sovereign cloud infrastructure and platform services provider, on Wednesday partnered to accelerate artificial intelligence (AI) adoption in India.

    The partnership enables Microsoft and Yotta to engage with IndiaAI Mission participants, government agencies, IITs, startups, enterprises, and software development companies to leapfrog AI innovation.

    Microsoft said it would bring its AzureAI services to Shakti Cloud, Yotta’s AI cloud platform, to offer cutting-edge AI capabilities to developers, startups, enterprises, and public sector organisations across India.

    “Our partnership with Yotta to power Shakti Cloud will help unlock AI innovation at scale. Microsoft is honoured to play its part in helping the country realise its AI ambitions through innovation that reflect India’s unique needs and priorities,” said Puneet Chandok, President, Microsoft India and South Asia.

    India is already among the top global markets on AI adoption and return on investment. Together with Yotta, we will continue to help India become an AI-first nation, securely and responsibly, he added.

    As of May, IndiaAI Mission has received over 500 proposals for developing indigenous AI models.

    Shakti Cloud customers will benefit from a rich ecosystem and vast catalogue of foundational LLMs and SLMs available on Azure AI Foundry to develop, deploy and scale at the speed of AI.

    Built-in safety tools, content filters, groundedness detection, and copyright protection will empower organisations to build and scale AI responsibly. As a global provider of software, infrastructure, and cloud services, Microsoft runs on trust and enables trustworthy AI by prioritising security, privacy, and safety.

    “This partnership is a key step forward towards India’s AI self-reliance and digital transformation, and we are excited to be able to support Indian enterprises in their journey towards AI excellence with a full gamut of offerings,” said Sunil Gupta, Co-founder, CEO and Managing Director, Yotta Data Services.

    The combined strength of Microsoft’s services backed by Yotta’s infrastructure gives access to some of the best capabilities to support AI development in the country.

    “It will make cutting-edge AI capabilities accessible for Indian enterprises of all sizes and give a huge boost to driving the nation’s AI ambitions,” Gupta noted.

    In January this year, Microsoft chairman and CEO Satya Nadella announced a collaboration with IndiaAI, a division of Digital India Corporation, to advance AI and emerging technologies in the country, and established AI Centre of Excellence and AI Productivity Labs to foster inclusive growth.

    (IANS)

    May 28, 2025
  • MIL-OSI Asia-Pac: Government to take over Tai Lam Tunnel and substantially reduce its tolls on May 31, followed by HKeToll to be implemented from 5am (with photos/video)

    Source: Hong Kong Government special administrative region

    Government to take over Tai Lam Tunnel and substantially reduce its tolls on May 31, followed by HKeToll to be implemented from 5am (with photos/video)Urban entrances     During the temporary closure of the TLT, the bus stops at the toll plaza will be temporarily suspended, affecting a total of three overnight bus routes: KMB Route Nos. N269 (Tin Tsz Estate – Mei Foo) and N368 (Yuen Long (West) – Central (Macau Ferry)) as well as Long Win Bus Route No. NA43 (Fanling (Luen Wo Hui) – Hong Kong Port of Hong Kong-Zhuhai-Macao Bridge Public Transport Interchange). They will be diverted via Yuen Long Highway and Tuen Mun Road, and temporary bus stops will be set up at the Tuen Mun Road Bus-Bus Interchange. The TD has informed the bus companies concerned of the arrangements, and passengers should refer to the notices issued by the operators for details.

    AppealIssued at HKT 16:26

    NNNN

    CategoriesMIL-OSI

    MIL OSI Asia Pacific News –

    May 28, 2025
  • MIL-OSI Europe: President Meloni attends Confindustria General Assembly

    Source: Government of Italy (English)

    Vai al Contenuto Raggiungi il piè di pagina

    27 Maggio 2025

    The President of the Council of Ministers, Giorgia Meloni, delivered a speech at the General Assembly of Confindustria, the Italian association of manufacturing and service companies, in Bologna today.

    [This video is available in Italian only]

    MIL OSI Europe News –

    May 28, 2025
  • MIL-OSI Asia-Pac: Canadian firms urged to re-domicile

    Source: Hong Kong Information Services

    On day two of his Canada visit, Secretary for Financial Services & the Treasury Christopher Hui urged two Canadadian-based insurance companies to consider re-domiciling their companies to Hong Kong to enjoy the relevant legal and taxation convenience, as well as to lower their compliance costs for satisfying two sets of regulatory requirements.

     

    During yesterday’s duty visit, Mr Hui met Manulife President & Chief Executive Officer Phil Witherington and Chief Financial Officer Colin Simpson, as well as SunLife Executive Vice-President & Chief Financial Officer Tim Deacon and Executive Vice-President & Chief Strategy & Enablement Officer Linda Doughety.

     

    Both companies are Canadian-based and have extended their business to Hong Kong.

     

    Mr Hui introduced them to the newly enacted legislation on re-domiciliation of companies, adding that on the very first day the company re-domiciliation regime came into effect last Friday, an international insurance group immediately announced its plan to re-domicile its company to Hong Kong.

     

    He pointed out that this news was the best testament to the regime’s effectiveness in enhancing companies’ operational efficiency, thereby consolidating Hong Kong’s position as a leading international financial centre.

     

    Under the new regime, non-Hong Kong-incorporated companies may apply to re-domicile to Hong Kong if they fulfil requirements concerning company background, integrity, member and creditor protection, solvency, etc, while maintaining their legal identity as a body corporate to ensure business continuity.

     

    If the company’s actual similar profits are also taxed in Hong Kong after re-domiciliation, the Government will provide the company with unilateral tax credits to eliminate double taxation.

     

    Mr Hui highlighted that Hong Kong has a strong foundation in investment and trade, making it an ideal location for global enterprises to access insurance, reinsurance and risk management services, as well as to establish captive insurers. He also noted that there are vast opportunities for insurance companies in Hong Kong.

     

    Mr Hui then attended a business luncheon organised by the Hong Kong Economic & Trade Office (Toronto), Invest Hong Kong (Canada) and the National Club.

     

    He gave a presentation themed “Hong Kong as an anchor of stability amid the changing world” to showcase to the attending financial leaders the stellar figures recorded in the financial market, and banking and monetary markets.

     

    Mr Hui talked about the Government’s efforts in aligning with international standards and boosting the development of green and sustainable finance and the virtual asset market. He highlighted that with its competitive advantages and proactive measures, as well as the stability and predictability of its financial market, Hong Kong has been earning the confidence of global investors.

     

    Additionally, Mr Hui met Ontario Securities Commission (OSC) Chief Executive Officer Grant Vingoe and both agreed that in today’s shifting global landscape, collaboration with trusted allies would ensure capital markets remain robust and resilient.

     

    The Securities & Futures Commission of Hong Kong entered into a memorandum of understanding with the OSC in mid-May to include Ontario of Canada in its list of acceptable inspection regimes for strengthening the regulatory collaboration and exchange of information between the two regulators.

     

    In the evening, Mr Hui had a dinner meeting with Hong Kong-Canada Business Association (Toronto Chapter) President Joseph Chaung, and the association’s board members to brief them on the latest developments and future direction of Hong Kong’s financial market.

     

    Mr Hui also paid a courtesy call on Consul-General of the People’s Republic of China in Toronto Luo Weidong. Both expressed their anticipation that Hong Kong, with the support of the nation and its solid foundation and forward-looking measures in financial areas, will engage in more co-operation with Canada.

    MIL OSI Asia Pacific News –

    May 28, 2025
  • MIL-OSI: Nykredit has completed the recommended voluntary public tender offer for Spar Nord Bank A/S – Nykredit Realkredit A/S

    Source: GlobeNewswire (MIL-OSI)

    NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR TO ANY JURISDICTION WHERE DOING SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION

    Nykredit has completed the recommended voluntary public tender offer for Spar Nord Bank A/S

    28 May 2025

    Nykredit has completed the recommended voluntary public tender offer for Spar Nord Bank A/S

    With reference to Nykredit Realkredit A/S’s (“Nykredit”) announcement of 23 May 2025, in which Nykredit announced the final result of the voluntary public tender offer submitted by Nykredit (the “Offer”), Nykredit now announces that the Offer has been completed and settled as planned.

    Compulsory acquisition, delisting and changes to the management and articles of association

    As Nykredit has obtained an ownership interest corresponding to more than 90 per cent of the share capital and the associated voting rights in Spar Nord Bank (excluding treasury shares), it is Nykredit’s intention to initiate and complete a compulsory acquisition of the shares held by the remaining Spar Nord Bank shareholders in pursuance of sections 70-72 of the Danish Companies Act.

    Nykredit furthermore intends to seek to have the Spar Nord Bank shares removed from trading and official listing on Nasdaq Copenhagen A/S.

    In this connection, Nykredit will request Spar Nord Bank to convene an extraordinary general meeting at which Nykredit will propose changes to the board of directors of Spar Nord Bank and changes to Spar Nord Bank’s articles of association.

    Detailed information on compulsory acquisition, delisting and extraordinary general meeting will be published in separate announcements.

    In connection with Nykredit completing the recommended voluntary public tender offer for Spar Nord Bank A/S, Michael Rasmussen, Group Chief Executive, comments:

    “I have been looking forward to welcoming everyone at Spar Nord – customers and colleagues alike – to the Nykredit Group. Our two strong banks now join forces. Both of us are experiencing growth, customer inflows, and high customer satisfaction. Together, we can show even more customers that there is a customer-owned alternative in the financial sector and stand even stronger in the competition with the largest listed banks.

    Having completed the transaction, we will spend the coming period getting to know each other better. Much will therefore be as before – both for customers and colleagues. Naturally, our primary focus will be on meeting the needs of our customers.

    At the same time, the Nykredit Group’s ‘Winning the Double‘ strategy continues, because partnerships are a crucial part of our group strategy. Our partners can therefore expect us to further engage and invest in our important communities in Totalkredit, BEC, Sparinvest, nærpension and Privatsikring. These partnerships ensure that we together stand stronger in the Danish financial market and in our interaction with customers.”

    Additional information

    Contact persons:

    Investor contact:

    Morten Bækmand, Head of Investor Relations, Nykredit (+45 2339 4168)

    Media contact:

    Orhan Gökcen, Head of Press, Nykredit (+45 3121 0639)

    Attachment

    • Nykredit has completed the recommended voluntary public tender offer for Spar Nord Bank

    The MIL Network –

    May 28, 2025
  • MIL-OSI Global: Gandang Ahung of the Dayak people: More than a gong ensemble, a way of life at risk

    Source: The Conversation – Indonesia – By Muhammad Rayhan Sudrajat, Ethnomusicologist & Lecturer, Universitas Katolik Parahyangan

    It was first started one morning in 2015. I travelled 109 kilometres from Palangka Raya to a village in the Katingan River basin, Central Kalimantan. When I entered the village, I could feel the sound of the Gandang Ahung, the sacred gong ensemble used in the Tiwah death ceremony, vibrating in my chest. Its frequency filled the entire space, uniting humans, spirits, and nature in a single breath. Some people closed their eyes; even the forest outside seemed to hum along.

    Amidst the chanting, the ritual began: participants danced around the field where the Tiwah ceremony was held. Their distinctive hand and foot movements followed the rhythm. Baram, a traditional liquor from Katingan, was then shared among the dancers.

    The sound of Gandang Ahung lingered in the air, summoning spirits from the river’s rise and fall to partake in the sacred offering of blood. It opened the path to the upper realm —Lewu Rami je dia Kasene Beti Lewu Tatau Habaras Bulau Rundung Janah dia Bakalesu Uhat — the radiant village beyond time, where souls find rest in Hindu-Kaharingan cosmology.

    Gandang Ahung is not only a form of cultural heritage, but an inseparable part of how the Katingan Awa Dayak community understands life, death, and their relationship with nature.

    However, this sacred ritual is now threatened due to the rampant deforestation in Kalimantan. Cultural shifts brought by modernisation are also slowly eroding not only the physical environment, but also the soundscape, cosmology, and rituals like Tiwah. If these sounds disappear, so too might the worldview passed down through generations..

    Tiwah ceremony: The echo of living tradition

    In the Katingan Awa Dayak tradition, Tiwah is regarded as the second-level death ceremony, conducted long after the initial or first-level funeral. The first stage involves the immediate handling of the body, burial, and essential rites to initiate the soul’s journey—considered a temporary phase, as the soul remains in transition.

    The second-level Tiwah, serves as the final ritual to guide the soul to the afterlife, reunite it with ancestors, and restore harmony between humans, spirits, and nature. It includes the exhumation and ceremonial cleansing of the bones, reburial in a family bone house (pambak), and is marked by extensive communal offerings, music, and dance.

    There are no “spectators” in the ceremony: all villagers are participants. Children help, the pisur (religious leaders) lead, and the entire community listens not just with their ears but with their full presence. For months, families, neighbors, and religious leaders work together to prepare this procession.

    In Tiwah, sound is not merely entertainment. It becomes a language to speak to spirits, to remember the departed, and to reconnect the fragile web of life.

    Gandang Ahung, with its echoes and vibrations, plays a central role in the ceremony: It opens the way for the liau (spirits) to reach Lewu Tatau.

    Gandang Ahung can be carried anywhere, depending on the needs of the ritual. Interestingly, the instrument never sounds the same from one location to another, corresponding to the space where it is played. This shows how its sound is inseparable from surrounding land, rivers, and trees.

    Unlike how music comes through notation, tempo, and technique in the West, sound flows from relationships in the Katingan Awa community. The player, the community, and the spirits shape the sound. The player does not simply follow the beat – he adjusts his strokes to the dancer’s body movements.

    The tone is not dictated by a written score but arises from feeling — what is “right” in the moment. Here, in the ritual space, sound becomes a mode of communication, not merely a performance.

    Some pisur I spoke with explained that the rhythm of Gandang Ahung is not measured in beats, but guided by breath and intuition. The beats are slow for the Tiwah ceremony to accompany the Manganjan dance, a dance specifically for the Tiwah ceremony.

    Fading with forest loss

    Deforestation, river pollution, and the displacement of Indigenous communities threaten not only the physical environment and its biodiversity — they also erase the acoustic landscapes embedded in local rituals and cosmology.

    When forests are lost, sounds like Gandang Ahung and their profound meanings also slowly fade. The Gandang Ahung is not merely played — it is brought to life in rituals deeply rooted in nature: from the wood used to craft the drums, to the ceremonial space in the village heart, to the spirits believed to inhabit trees, rivers, and lakes.

    As forests are cleared for palm oil plantations, the space for these sacred sounds disappears — along with the communities’ ways of understanding life, death, and their bond with nature.

    Nurturing sound, nurturing life

    Hindu-Kaharingan itself, though recognised by the government, is often dismissed as mere ‘folklore’ or an ‘outdated tradition.’ Practices like Tiwah rarely appear in mainstream media – let alone gain recognition in national academic discourse.

    If Indonesia is truly committed to education and cultural preservation, we must start viewing traditions like Gandang Ahung not simply as artefacts, but as living philosophies and practices.

    Like classical music theory, these traditions are built on their own systems, ethics, and methodologies. They need to be taught, respected, and lived — not just documented and then forgotten.

    Concrete steps include protecting customary forests as soundscapes, integrating local music traditions into school curricula, and involving communities in the documentation of rituals.

    The Schools of Living Traditions (SLT) program in the Philippines, run by the National Commission for Culture and the Arts (NCCA), offer a powerful example. The program has successfully preserved traditional arts and music through non-formal education that involves local cultural experts as teachers. It is recognized by UNESCO as a best practice in safeguarding intangible cultural heritage.

    Such measures are vital to ensure that sounds like Gandang Ahung transcend nostalgia and continue to thrive — not just in ceremonies, but in the everyday lives of the Katingan Awa community and Indonesians more broadly.

    Muhammad Rayhan Sudrajat tidak bekerja, menjadi konsultan, memiliki saham, atau menerima dana dari perusahaan atau organisasi mana pun yang akan mengambil untung dari artikel ini, dan telah mengungkapkan bahwa ia tidak memiliki afiliasi selain yang telah disebut di atas.

    – ref. Gandang Ahung of the Dayak people: More than a gong ensemble, a way of life at risk – https://theconversation.com/gandang-ahung-of-the-dayak-people-more-than-a-gong-ensemble-a-way-of-life-at-risk-256809

    MIL OSI – Global Reports –

    May 28, 2025
  • MIL-OSI Russia: GUU engineers created an AI logistician

    Translation. Region: Russian Federal

    Source: State University of Management – Official website of the State –

    At the VII All-Russian scientific and practical conference “Digital transformation of management: problems and solutions” held in April at the State University of Management, young scientists from the Center for Management of Engineering Projects of the State University of Management presented a promising development of an innovative hybrid decision support system (DSS) in logistics.

    GUU postgraduate students Nikita Akinshin and Vladimir Kutkov drew attention to the lack of efficiency of DSS used in logistics and developed their own solution that combines the power of a cascade of specialized machine learning (ML) models with the interpretive capabilities of large language models (LLM).

    Modern logistics is characterized by huge volumes of heterogeneous data, high demand uncertainty, and the need to coordinate multiple participants in real time. Traditional analytical tools are ineffective in highly dynamic situations and are based on static models. The results of analysis of advanced machine learning models are difficult to interpret and require highly qualified employees. Large language models are incapable of accurate calculations, lack industry logic, and can make unreliable conclusions.

    The key element of the new decision support system (DSS) is a multi-level architecture that combines all the capabilities of new technologies. This structure is implemented for the first time, although its individual components are already being used in real market conditions.

    At the first level, a cascade of several specialized ML models analyzes operational, logistics and economic data – from demand and arrival time forecasting to route optimization and cost assessment.

    At the second level, a meta-model is connected – a kind of analytical brain of the system, which collects the conclusions of all ML components obtained at the first level, analyzes the relationships and dependencies, identifies bottlenecks, assesses risks and forms a complex request (prompt) for the LLM model.

    At the third level of LLM, having received this “smart” prompt and interacting with infographics on BI platforms to obtain visualizations, synthesizes a deep, yet human-readable analytical report.

    As a result, information graphs are displayed on the screen with an assessment of the current state of affairs for the task under consideration and options for increasing the efficiency of its solution.

    This approach allows companies to quickly obtain a comprehensive picture, and employees to understand complex dependencies without having to delve into the technical details of how ML algorithms work and make timely, informed management decisions.

    “The meta-model is the highlight of our development. It acts as an experienced logistics analyst who first understands the situation, identifies all the interrelations, and only then formulates the task for LLM so that it can generate a truly useful, meaningful report for the employee,” explains Nikita Akinshin.

    It is also important that the new hybrid decision support model can perform tasks at all management levels, i.e. take on the roles of different employees of logistics companies. Mechanics and suppliers will receive reports on the technical condition of the transport fleet, middle managers will be able to build optimal routes, and managers will be able to more accurately forecast annual revenue.

    “After receiving information from the DSS, further decisions will be made by employees, while the system’s analytics are advisory in nature. But in the near future, from 3 to 5 years, the decision-making process may also become automated. It is only necessary to settle moral and ethical issues and regulate the legal framework,” says Vladimir Kutkov.

    The development of the employees of the engineering center of the State University of Management can be used not only in logistics, but also adapted for other sectors of the economy.

    A scientific publication with a detailed description of the development is currently being prepared for release.

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

    MIL OSI Russia News –

    May 28, 2025
  • MIL-OSI China: China’s new law targets private sector growth through stronger financial support

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

    People work in the filling workshop of the Global Intelligent Manufacturing Industrial Park of Yili Modern Intelligent Health Valley in Tumd Left Banner in Hohhot, north China’s Inner Mongolia Autonomous Region, April 17, 2025. [Photo/Xinhua]

    China’s newly enacted Private Sector Promotion Law has drawn significant attention for introducing a range of financial support mechanisms designed to bolster private businesses.

    The legislation, which took effect on May 20, 2025, aims to address long-standing financing challenges faced by private enterprises and promote high-quality economic development.

    Expanding financing channels

    The Private Sector Promotion Law explicitly encourages private businesses to diversify their financing channels. By supporting the development of a multi-layered capital market, the law makes it easier for private companies to raise money directly, for example, by issuing stocks or bonds.

    Some local governments are already introducing new financing tools. Jiangsu province, for instance, has launched the “Private Credit Loan,” which breaks through traditional loan limits and offers more flexible financing options for private businesses.

    Specifically, Jiangsu’s loan breaks through the previous loan ceiling of 10 million yuan ($1.3 million), with the maximum amount now reaching up to 30 million yuan. The funding usage term has also been extended to a maximum of three years, and for project-based financing, it can be extended to 10 years — far longer than the traditional corporate loan practice of annual review within a one-year term.

    Optimizing credit policies

    The law also requires relevant State Council departments to use monetary policy tools and macro-credit policies to encourage financial institutions to provide more inclusive financial services to private businesses. Measures include setting reasonable tolerance levels for non-performing loans, improving the due diligence and liability exemption mechanisms, and enhancing professional service capabilities.

    The National Financial Regulatory Administration has also called for optimizing credit supply policies, directing financial institutions to offer more targeted financial services to private enterprises.

    Innovating financial products and services

    The law encourages financial institutions to create products and services tailored to the specific needs of private businesses. This includes innovative financing methods such as accounts receivable financing, warehouse receipt financing, equity financing, and intellectual property financing.

    For example, Chongqing has promoted IP financing to help small- and medium-sized technology firms access funding. When Zhongke Guangzhi (Chongqing) Technology Co., Ltd. faced financing challenges, the Chongqing Intellectual Property Operation Center arranged an IP pledge loan.

    By using the company’s core patents as collateral, and combining this with a credit assessment, the center helped the company secure a 5 million yuan loan. Across China, financial institutions are also using big data and artificial intelligence to develop new service models, aiming to make financial services more efficient and better suited to the needs of private enterprises.

    Strengthening financing guarantee functions

    The Private Sector Promotion Law aims to establish a comprehensive risk-sharing system for private enterprise financing, supporting collaboration between financial institutions and guarantee providers. The National Financial Regulatory Administration, together with the Ministry of Finance, is promoting the creation of a nationwide government-backed guarantee system to offer low-cost financing guarantees for small and micro businesses.

    Establishing information-sharing mechanisms

    The law also calls for the development of a robust credit information collection and sharing mechanism, encouraging credit reporting agencies and rating institutions to serve private enterprises. This measure is designed to reduce information gaps between lenders and private businesses, lowering lending risks.

    In short, the Private Sector Promotion Law introduces a broad range of financial support policies to make financing more accessible and equitable for private companies. These initiatives are expected to ease funding challenges, unlock innovation, and drive high-quality economic development in China.

    Luo Weijie is an associate professor in economics at Beijing International Studies University.

    MIL OSI China News –

    May 28, 2025
  • MIL-OSI: Nykredit announces completion of the takeover offer

    Source: GlobeNewswire (MIL-OSI)

    Company announcement no. 15
    NOT FOR DIRECT OR INDIRECT RELEASE, PUBLICATION OR DISTRIBUTION IN OR
    TO ANY JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE CONTRARY TO APPLICABLE LEGISLATION OR RULES OF SUCH
    JURISDICTION

    Nykredit has announced completion of the takeover offer

    With reference to Spar Nord Bank A/S’ (Spar Nord) company announcement no. 14/2025 concerning the final result of the all-cash voluntary takeover offer from Nykredit Realkredit A/S (Nykredit) for all shares (other than treasury shares held by Spar Nord) in Spar Nord (the Offer), Nykredit has today announced that the Offer has been completed and settled as planned.

    Compulsory acquisition and delisting
    As Nykredit has obtained more than 90% of the share capital and voting rights in Spar Nord, excluding treasury shares held by Spar Nord, as a result of the Offer, Nykredit will, after completion of the Offer, seek to initiate and complete a compulsory acquisition of the Spar Nord shares held by the remaining minority shareholders in Spar Nord.

    In addition, Nykredit will request that Spar Nord seeks to have the Spar Nord shares removed from trading and official listing on Nasdaq Copenhagen A/S.

    Information about the compulsory acquisition and removal from trading and official listing of the Spar Nord shares will be announced separately.

    Relevant material is, subject to certain restrictions, made available at
    https://www.sparnord.com/investor-relations/takeover-offer

    Questions may be directed to Neel Rosenberg (media) on +45 25 27 04 33 or to CFO Rune Brandt Børglum (investors)on +45 96 34 42 36.

    Attachments

    • No. 15 – Nykredit completes takeover offer
    • Announcement_Offer completed_Nykredit

    The MIL Network –

    May 28, 2025
  • MIL-OSI: The UK, the Netherlands, Egypt and Saudi Arabia among likely winners in the changing world order

    Source: GlobeNewswire (MIL-OSI)

    LONDON, May 28, 2025 (GLOBE NEWSWIRE) — The Global Business Complexity Index (GBCI) studies over 250 indicators of complexity in 79 jurisdictions that represent 94% of the world’s GDP. The complexity that the report measures is a dead-weight burden on business that stifles local innovation and deters foreign direct investment with no obvious societal benefit. The report has consistently shown that countries in Southern Europe and Latin America are the most complex for doing business and that continues to be true in 2025. At the other end of the scale, the least complex places to do business tend to be in Northern Europe and several of the offshore investment hubs. These all compete for investment on the basis of the ease of doing business there and have adopted less onerous requirements, as well as more efficient ways for firms to manage them.

    The report notes that complexity is relatively straightforward to navigate, at least for larger multinationals able to absorb the cost of complying with local rules. What is much harder to deal with is uncertainty. US-led sanctions, lockdowns in China and the Suez blockage had already begun a shift in globalisation towards more diversified supply chains, with companies seeking to reduce their reliance on single countries for sourcing, building or selling their products. A part of that solution noted in last year’s report was the rise of connector economies like Mexico, Philippines and Vietnam, bridging trade between China and the US in the so-called ‘China plus one’ strategy. That strategy has now fallen foul of US tariffs, set to reflect a country’s trade surplus in goods with the US and so punishing countries with connector status.

    Even if tariffs abate, their launch and rapid shifts point to an underlying risk for companies trading from countries with a high US trade surplus. The report notes a drop in confidence in stability, with the majority of jurisdictions (55%) reporting prioritisation of trade corridor diversity. It identifies a number of countries that might now emerge as the new connectors — with low levels of complexity pointing to business-friendly rules, a low US trade surplus pointing to less likely retaliatory action, a reasonable size and sophistication of economy to support a variety of activity at scale and absorb investment without tipping heavily into US trade surplus, and a multipolar stance that should allow them to trade across different blocs. Those countries include the UK and the Netherlands in Europe, Egypt and Saudi Arabia in the Middle East and Australia and Hong Kong in Asia Pacific.

    The report finally notes that at a time of great uncertainty for global trade — and in particular, trade with the US — governments should focus on making their countries less complex places to do business whilst seeking trade agreements across different blocs to encourage cross-investment. It also notes that companies will need to further diversify their supply chains. That will add to their internal complexity and costs. At the same time, companies can help themselves by simplifying their arrangements for managing those supply chains, with many having excessive numbers of legal entities for their geographic scope along with large numbers of suppliers to help manage them.

    TMF Group’s CEO Mark Weil, said:

    “The real challenge for businesses today isn’t complexity, it’s uncertainty. With rising trade tensions, a shifting geopolitical landscape and economic unpredictability, companies are forced to make decisions in an environment that can change overnight. Tariffs are just the latest signal of the risks of supply chain concentration. Diversification is a necessity in this context, although it comes with a cost. The good news is that businesses can offset some of the complexities of diversification by reducing their own internal intricacies. Our benchmarking reveals stark differences in structural complexity among similar firms. We see an opportunity here: by simplifying their structures and support models — for example, by having fewer legal entities and a few trusted global partners — businesses can gain flexibility. Done right, this can improve efficiency and agility as firms navigate an uncertain world.”

    Media Contacts
    Marina Llibre Martin, Global PR Manager
    marina.llibremartin@tmf-group.com

    The MIL Network –

    May 28, 2025
  • MIL-OSI: Nokia and blackned to create next-generation deployable tactical networks for the defense sector

    Source: GlobeNewswire (MIL-OSI)

    Press Release
    Nokia and blackned to create next-generation deployable tactical networks for the defense sector

    • Companies sign agreement to provide advanced, deployable mobile communication systems for military battlefield operation.
    • Tailored for Germany’s defense requirements, with adaptability for international use.
    • Leverages Nokia’s cutting-edge 5G technology and blackned’s expertise in defense digitalization to enable high performance, scalability and strategic advantage.

    28 May 2025
    Espoo, Finland – Nokia and blackned GmbH, in which the Düsseldorf-based technology group Rheinmetall holds a 51% stake, have entered into a memorandum of understanding to create advanced deployable tactical networks for the defense sector, the companies announced today. The partnership brings together Nokia’s 5G technology and blackned’s expertise in defense digitalization to develop high-performance, next-generation tactical communications solutions that provide secure and reliable connectivity for military operations in the field.

    Under the agreement, the companies will integrate their respective product and solution portfolios to design a unique, deployable communication system tailored to Germany’s defense needs and adaptable for use in other countries. This collaboration will leverage Nokia’s 5G tactical communications technology and blackned’s software-based defense solutions, creating an ideally integrated platform for the Rheinmetall Battlesuite.

    Deployable tactical networks are cutting-edge, mobile solutions designed for quick deployment and extended reach. Built for various battlefield environments, these systems provide reliable, uninterrupted connectivity and high data rates for military teams supporting the Software Defined Defense paradigm. These deployable tactical networks enhance situational awareness, speed up decision making and improve asset co-ordination.

    “blackned is dedicated to advancing innovation in defense digitalization, and our agreement with Nokia represents an important milestone in that mission. Together, we will provide powerful, flexible and future-ready tactical network solutions built for the realities of modern defense, said” Timo Zaiser, CTO at blackned GmbH.

    “In a rapidly evolving tactical environment, speed, mobility and adaptability are paramount. Through the partnership with blackned, our 5G technology will empower defense forces to deploy robust communication capabilities swiftly and share intelligence more effectively, providing our customers with a decisive advantage on the battlefield,” added Giuseppe Targia, Head of Space and Defense at Nokia.

    Multimedia, technical information, and related news
    Web Page: Nokia Defense
    Web Page: Nokia 5G
    Product Page: AirScale Radio Access
    Web Page: Rheinmetall Digitalization
    Web Page: Rheinmetall Connectivity

    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 blackned
    Since its foundation in 2009, blackned GmbH has specialised in the development of software-based defence solutions. With the tactical middleware RIDUX and the management system XONITOR, the company forms the core of an advanced architecture for the digitalisation of land forces. As the technical foundation of the Rheinmetall Battelsuite, the TACTICAL CORE digital ecosystem provides a future-proof and open framework for implementing digitalisation projects within NATO armed forces.

    blackned GmbH has been developing and realising customised, mission-critical communications solutions in the field of highly mobile, deployable networks for 15 years. With now six locations and over 200 employees worldwide, blackned is a leader in the industry. Since 2025, the Düsseldorf-based technology group Rheinmetall has been the majority shareholder of the company. The company’s expertise and commitment enable the development of innovative solutions that meet the requirements of modern armed forces and drive digital transformation.

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

    Rheinmetall Head of Public Relations
    Oliver Hoffmann
    E-mail: oliver.hoffmann@rheinmetall.com 

    The MIL Network –

    May 28, 2025
  • MIL-OSI Russia: Moscow redeems green bonds for the population, which became the first such securities

    Translation. Region: Russian Federal

    Source: Moscow Government – Government of Moscow –

    The city has redeemed green bonds for the population. This was reported by Elena Zyabbarova, Minister of the Moscow Government, head of the capital’s Department of Finance.

    The goals of the issue of securities were to improve the culture of saving and investing funds, as well as to involve citizens in the financing of the city’s environmental project.

    “Moscow’s green bonds for the population were the first such securities issued in Russia. Only individuals could purchase them. The city offered a simple and convenient investment product with a low degree of risk, also suitable for those who have no experience in investing in securities. An important point was the targeted nature of the investments: buyers invested in the implementation of a project to improve the environmental situation in the metropolis and improve the quality of the urban environment,” said Elena Zyabbarova.

    The funds received by the city from the placement of green bonds for the population were used to purchase 51 electric buses. They replaced diesel buses on city routes. The project allowed for the acceleration of the electrification of Moscow transport and the reduction of emissions of harmful substances and carbon dioxide into the atmosphere of the capital.

    The placement of securities began on May 30, 2023. Moscow offered private investors bonds worth two billion rubles for a period of two years. The par value of each of them was one thousand rubles, which made them available for purchase to a wide range of citizens. The entire issue was bought out in five weeks, which confirmed the high interest in the new financial instrument. More than 3.5 thousand people from 73 regions of Russia became owners of green bonds. The largest number was purchased by Muscovites, residents of the Moscow Region and St. Petersburg.

    According to the terms of the issue, the bonds for the population were not traded on the stock exchange and could not be resold to other individuals. Their holders had the right to return them to the city at any time at par value, while retaining the coupon income for the entire period of ownership. This served as an additional guarantee of the reliability of investments, reducing risks primarily for unqualified investors.

    Coupon income was paid quarterly. The city fulfilled its obligations to pay interest and redeem securities on time and in full.

    Elena Zyabbarova added that the issuance of green bonds for the population contributed to the increased interest of citizens in responsible investment issues and helped to learn more about how to save and increase their savings without risks. All purchase and sale transactions were carried out online, without intermediaries and commissions. This made the investment process clear and convenient.

    Moscow’s Green Bonds Among Global Best Practices in Combating Climate Change

    You can find out more about the Moscow budget and the city’s securities in the Telegram channel “Open Budget of Moscow” and on the official portal of the capital’s Department of Finance “Open Budget of the City of Moscow”.

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

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

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

    https: //vv.mos.ru/nevs/ite/154367073/

    MIL OSI Russia News –

    May 28, 2025
  • MIL-OSI Russia: Four wedding ceremonies took place at Mayakovskaya metro station on May 25

    Translation. Region: Russian Federal

    Source: Moscow Government – Government of Moscow –

    Employees of the capital’s registry offices held wedding ceremonies at the Mayakovskaya metro station on the night of May 25. On the most popular date of the year for marriage registration, four families were created there.

    “The last spring wedding ceremonies at the Mayakovskaya metro station, the site of the New Addresses of Happiness project, took place on the most popular date of the year – May 25. The capital’s registry offices registered more than a thousand marriages on this day. Due to the high demand for this beautiful date, the celebrations took place at outdoor ceremony sites and in wedding palaces, despite the fact that Sunday is a day off for most registry offices,” said

    Anastasia Rakova, Deputy Mayor of Moscow for Social Development.

    Wedding ceremonies at Mayakovskaya metro station are held at night, from 02:00 to 04:00, allowing future spouses to share this important moment with only their closest people in an unforgettable setting. The center of the hall is decorated with wedding decor, and the Moscow-2020 and Moscow-2024 trains accompany the participants of the ceremony on the tracks.

    “A wedding in the Moscow metro is an unforgettable memory for newlyweds. We are glad that every year more and more couples choose the metro for their wedding ceremony. We wish the newlyweds happy and long years of life together! We continue to participate in the Moscow Mayor’s project “New Addresses of Happiness” and provide venues of the capital’s transport complex for weddings,” said Deputy Moscow Mayor for Transport and Industry

    Maxim Liksutov.

    After the wedding ceremony, the newlyweds can have a photo session on the Moscow-2024 train.

    In order to get married at Mayakovskaya station, you must personally submit an application to Wedding Palace No. 1 and pay a state fee of 350 rubles. No additional costs are required.

    There are more than 50 venues in Moscow for holding special events. These include wedding palaces, museums, metro stations, estates and restaurants. The “Our Wedding” service on the mos.ru portal will help you choose the ideal venue. In the capital Department of Information Technology said that this is the most detailed guide to wedding venues. Filters allow you to select a venue using various filters: interior style, availability of parking or live music. In addition, here you can specify the desired date of registration, the nearest metro station, the maximum number of guests and much more.

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

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

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

    https: //vv.mos.ru/nevs/ite/154408073/

    MIL OSI Russia News –

    May 28, 2025
  • MIL-OSI Russia: Chinese and European companies ready to deepen cooperation in semiconductor sector

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian –

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

    BEIJING, May 28 (Xinhua) — China’s Ministry of Commerce held a meeting on Tuesday to discuss deepening cooperation between China and Europe in the semiconductor industry.

    The event was attended by representatives from the Ministry of Commerce of the People’s Republic of China, the China Semiconductor Industry Association and the EU Chamber of Commerce in China, as well as more than 40 semiconductor enterprises from both sides.

    The meeting noted that China and Europe occupy important positions in the global semiconductor supply chain, so strengthening cooperation in this area is in the common interests of both sides.

    Against the backdrop of a complex international environment characterized by growing uncertainty and instability, China will continue to promote high-level opening-up to the outside world and create a fair, stable, transparent and predictable environment for enterprises.

    The meeting emphasized that China firmly opposes unilateralism and bullying and is committed to ensuring the security and stability of the global semiconductor supply chain.

    The meeting participants emphasized its role as a valuable platform for Chinese and European semiconductor enterprises to deepen mutual understanding, enhance trade confidence and expand exchanges and cooperation.

    They agreed that increased contacts and cooperation between China and the EU in the semiconductor sector could give new impetus to the recovery and growth of the global economy.

    MIL OSI Russia News –

    May 28, 2025
  • MIL-Evening Report: Nobel laureate Brian Schmidt is ‘scared’ about Australia’s research capacity – this is why

    Source: The Conversation (Au and NZ) – By Brendan Walker-Munro, Senior Lecturer (Law), Southern Cross University

    On Wednesday, Nobel laureate Brian Schmidt and economics professor Richard Holden gave a joint address to the National Press Club in Canberra. Their key message? Australia isn’t spending enough money on university research.

    Schmidt wants to ensure Australia can undertake research vital to our national interests.

    “I look around and I am scared,” Schmidt said. “The Australian government investment in its sovereign research capability was 50% higher 15 years ago as a fraction of GDP.”

    In his remarks, Holden warned, “we’ve become addicted to funding […] research capability through international student income”.

    If this sounds familiar, both Schmidt and Holden have made similar calls before. And their press club presentation follows constant and repeated repeated calls from the university sector for more funds.

    How much is Australia spending on research and how does this compare to other countries?

    How does Australia compare?

    When we look around the world, Australia is lagging when it comes to research spending. Australia spends roughly 1.7% of its Gross Domestic Product (GDP) on all forms of research and development.

    Our research expenditure has also decreased every year since 2008, according to the Australian Academy of Science.

    Meanwhile, based on World Bank data, the United States spends about 3.59% of their GDP on research. China might only spend 2.56% of its GDP, but that’s 2.56% of around US$18.7 trillion (A$29 trillion) – meaning China spends about US$500 billion ($778 billion) on research annually.

    The OECD average (across 38 member countries) is 2.7%, a full percentage point higher than Australia. We’re also underspending compared to other nations smaller than us, including:

    – Finland has a population roughly one-fifth of Australia and spends 2.96% of its GDP on research

    – Sweden has a population of about 10 million and spends 3.41%.

    Australia’s top research universities (the Group of Eight), argue Australia needs to work towards a target of 3% GDP to “underwrite national prosperity”.

    The funding we have is unstable

    Australia’s university research funding also lacks stability.

    Government only funds part of university research – so universities have to come up with the rest. This adds a layer of vulnerability to our research system.

    One of the key sources of university-generated funding is international student fees.

    This means if there are cuts to overseas students – as we saw during COVID and as we see now due to federal government policy changes – there is a flow-on impact on research funding.

    Repeated calls for more funds have been ignored

    Universities have been asking for more money for years and these requests have been ignored by both sides of politics.

    But while the requests may not change, the global security context is shifting. As Schmidt told the press club,

    We can expect new technologies based around small-scale automated machines, hypersonic missiles and computer warfare to feature prominently if we are to have future conflicts between advanced economies.

    In such a case the research capability of a country will be incredibly important at influencing the overall winners and losers, because once the conflict starts, you ‘have what you got’.

    If we don’t properly fund universities to do cutting-edge research, such as quantum science, robotics and cybersecurity, researchers will go elsewhere to do their work. And some funders might not have Australian interests at heart.

    China, Russia and the European Union have leapt on US President Donald Trump’s recent decisions to defund or halt research programs, creating funds worth billions of dollars to woo scientists and scholars from the US to their own countries.

    What options do we have?

    The Albanese government has commissioned a strategic review of Australia’s research and development sector (led by Tesla chair Robyn Denholm), which is due to report by the end of the year. Part of its remit is to look at “mechanisms to improve coordination and impact of [research and development] funding and programs […].”

    In an ideal world, this will prompt the federal government up its funding of research, to match other countries. But previous unheard calls suggests this is unlikely.

    But we can also be more creative. Perhaps industry can fill the gap with an Australian “Silicon Valley” where emerging industries can be clustered with universities in research partnerships. This is what some authors have called “innovation precincts”.

    We could also look at prioritising industry-based PhDs, so postdoctoral students have a research job when they graduate. Or we could consider reallocating government funds going to other sources, such as defence, on topics of military or intelligence importance.

    This could see university funding pools become broader and deeper, more diversified and better suited to our national interests.

    Brendan Walker-Munro has completed paid consultancies for the Australian Strategic Policy Institute and Independent National Security Legislation Monitor. He receives funding from the Australian Government under the Australia-India Cyber and Critical Technologies Partnership.

    – ref. Nobel laureate Brian Schmidt is ‘scared’ about Australia’s research capacity – this is why – https://theconversation.com/nobel-laureate-brian-schmidt-is-scared-about-australias-research-capacity-this-is-why-257717

    MIL OSI Analysis – EveningReport.nz –

    May 28, 2025
  • MIL-Evening Report: Green light for gas: North West Shelf gas plant cleared to run until 2070

    Source: The Conversation (Au and NZ) – By Samantha Hepburn, Professor, Deakin Law School, Deakin University

    Franklin64/Shutterstock

    In a decision surprising very few people, Australia’s new environment minister Murray Watt has signed off on an extension for the gas plant at Karratha, part of the enormous North West Shelf liquefied natural gas project.

    The decision had been deferred until after the federal election, given significant environmental concerns around the project.

    This approval means the gas plant at Karratha can now keep running until 2070. The Woodside-operated project has helped to shape Australia’s reputation as one of the biggest suppliers of LNG in the world.

    Watt did not have to consider climate impacts, but rather what damage the extension might do to ancient rock art as well as economic and social matters. His approval is “subject to strict conditions”, which largely focus on air emissions from the project. Critics claim the extension will threaten irreplaceable 50,000 year old rock carvings and petroglyphs.

    The decision will enrage environmentalists. If the project continues to operate, it has been estimated to generate four billion tonnes of greenhouse gas emissions over 50 years.

    Australia has committed to reach net zero emissions by 2050. But the majority of the gas extracted from the North West Shelf will be exported, meaning the huge emissions generated from its extraction, liquefaction, transportation and burning will not be counted domestically.

    But while the Karratha plant now has a lifeline, there’s still an open question about where the gas will come from. For decades, the plant has processed gas from the North Rankin, Perseus and Goodwyn gasfields offshore. These are now running out.

    The main purpose of extending the Karratha plant’s lifespan would be to process gas extracted from giant new gasfields lying underneath the pristine Scott Reef. Approval to open these gasfields has not yet been given because of the significant concerns extraction will damage the reefs.

    What is the North West Shelf Project?

    The North West Shelf development has been operational since the 1980s. Gas is extracted from huge basins located off the Pilbara coast and processed at the Karratha plant on the Burrup Peninsula.

    To date, only a third of the 33 trillion cubic feet of gas in this basin has been extracted.

    Woodside Petroleum is the project operator, holding a one-third shareholding along with Chevron and Shell in what is known as the North West Shelf Joint Venture.

    The project is the largest producer of domestic gas in Western Australia, providing almost two-thirds of the state’s consumption. In the 2023-2024 financial year, it produced gas worth about A$70 billion.

    Domestic consumers are paying much more for this gas than their international counterparts. For example, a $25 billion contract entered into with China in 2002 includes a guarantee prices will remain the same until 2031.

    With the rapid escalation of gas prices, this means China is paying a third of the price paid by domestic consumers. Other markets for the gas include Japan and South Korea, which lack domestic gas resources.

    The Karratha plant has been cleared to run until 2070.
    Hans Wismeijer/Shutterstock

    The ‘transition fuel’ worse than coal

    Gas has long been touted as a transition fuel in a decarbonising economy. But this is questionable on several fronts.

    Rather than replacing coal, LNG may actually be displacing renewables.

    Worse, a recent study showed emissions from LNG are 33% higher than coal over a 20 year period when extraction, piping to a processing facility, compression, shipping, decompression and burning for energy are considered. “Ending the use of LNG should be a global priority,” the report concludes.

    Turning methane-heavy natural gas into a liquid to allow it to be shipped overseas is energy intensive. Large leaks of methane from wells and pipes are common during extraction and transport. When the gas is finally burned to generate energy, it produces carbon dioxide.

    In China, coal’s share of electricity production has been eroded by renewables but not by LNG, according to the Institute for Energy Economics and Financial Analysis.

    From a big picture point of view, climate commitments can’t be met if high-emitting infrastructure keeps being commissioned. Alongside stopping the expansion of fossil fuel projects, existing fossil fuel infrastructure must be retired or retrofitted with cleaner technology.

    Eroding ancient rock art

    The project’s processing plant is located on the Burrup Peninsula, also known as Murujaga. But this peninsula also has about 500,000 rock carvings by First Nations groups, the densest concentration in the world. In 2023, former environment minister Tanya Plibersek announced a bid to give this area World Heritage listing.

    In a new draft decision, the United Nations World Heritage Committee flagged concerns over the bid and referred it back to the Australian government to “ensure the total removal of degrading acidic emissions” and “prevent any further industrial development” near the petroglyphs.

    Gas production and ancient rock art are poorly matched. Research suggests processing plant gases such as nitrogen dioxide, sulphur dioxide and ammonia have been gradually eroding the fragile petroglyphs for decades. Successive state and federal governments have failed to act to safeguard this area.

    Gas projects seem untouchable

    Approving the North West Shelf extension is a disaster for the environment, our climate commitments and the fragile and irreplaceable rock art in Murujuga.

    It would seem that despite well-founded concerns on many fronts, big gas projects in Australia are all but untouchable.

    Samantha Hepburn 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. Green light for gas: North West Shelf gas plant cleared to run until 2070 – https://theconversation.com/green-light-for-gas-north-west-shelf-gas-plant-cleared-to-run-until-2070-257008

    MIL OSI Analysis – EveningReport.nz –

    May 28, 2025
  • MIL-OSI: UK businesses race to embed AI into enterprise workflows, EXL study finds

    Source: GlobeNewswire (MIL-OSI)

    LONDON, May 28, 2025 (GLOBE NEWSWIRE) — Businesses in the UK are making significant changes in the ways they work as they increasingly embed AI throughout their workflows and to scale and maximise ROI, according to new research by EXL [NASDAQ: EXLS], a global data and AI company. An 86% majority of organisations have significantly changed their operating model to accommodate AI, with 39% having completely redesigned how they work. Over the next year, companies expect half (50%) of their processes will include AI.

    The second annual EXL Enterprise AI Study: Driving Execution at Scale (UK Report) is based on a survey of 190 UK-based C-suite and other senior decision makers across the banking and finance, insurance, retail, utilities, and healthcare payer industries. Its findings shine a spotlight on the massive growth of enterprise GenAI implementations to date but also warn of data quality issues, talent shortages, and other roadblocks that could curtail some of the early progress companies have made as they move deeper into company-wide enterprise AI initiatives.

    The following are some of the report’s key findings:

    • Finance Leading the Charge: Leaders have emerged in the AI space, and the survey defines these organisations as those that have developed AI capabilities in at least five of the seven common business functions analysed in the report. Leaders were most likely to come from the banking and finance sector (18%), followed by utilities (16%), insurance (12%), and retail (10%).
    • Transforming to Enable AI in the Workflow: Organisations are developing new operating models to accommodate AI usage across their enterprise workflows. Overall, 86% of UK corporations have either made significant changes to their operating models (47%) or completely redesigned enterprise-wide operating models (39%) to integrate AI throughout their organisations.
    • Barriers Still Persist: Despite an average of £23.2 million per company in AI investment, barriers to adoption persist. The largest of these are cost or budget constraints, followed by concerns about data privacy and security, and the lack of a clear AI strategy or vision. What’s more, nearly 70% of companies say they have yet to achieve the data accessibility, efficiency, quality, consistency, and transparency required for AI to thrive in their organisations.
    • Companies Eye the Best Ways to Scale AI: Overall, 88% of respondents said it’s very or extremely important for their organization to scale their AI initiatives in the coming year. Executives ranked implementing AI governance (42%) and improving data quality and accessibility (42%) as their top priorities.
    • Retailers Eager to Make Larger Investments: Retailers are the most likely (42%) to say they are ramping up GenAI significantly, followed by utilities (30%), banking and finance (24%), and insurers (9%).

    “The only way large corporations can truly capitalise on the full power of AI is by integrating the technology into enterprise workflows,” said Anand “Andy” Logani, chief data and AI officer at EXL. “Executed well, the right AI strategy has the ability to deliver unmatched business value without disrupting core business functions.”

    The full report, 2025 EXL Enterprise AI Study: Driving AI Execution at Scale (UK Report), can be accessed here.

    About EXL

    EXL (NASDAQ: EXLS) is a global data and AI company that offers services and solutions to reinvent client business models, drive better outcomes and unlock growth with speed. EXL harnesses the power of data, AI, and deep industry knowledge to transform businesses, including the world’s leading corporations in industries including insurance, healthcare, banking and capital markets, retail, communications and media, and energy and infrastructure, among others. EXL was founded in 1999 with the core values of innovation, collaboration, excellence, integrity and respect. We are headquartered in New York and have approximately 60,000 employees spanning six continents. For more information, visit www.exlservice.com.

    Contacts
    Media
    Keith Little
    +1 703-598-0980
    media.relations@exlservice.com

    Investor Relations
    John Kristoff
    +1 212 209 4613
    IR@exlservice.com

    A PDF accompanying this announcement is available at http://ml.globenewswire.com/Resource/Download/516492ff-fe8c-4563-a2d3-10486840830b

    The MIL Network –

    May 28, 2025
  • MIL-OSI Asia-Pac: The Bureau of Industrial Parks honored 112 model workers to celebrate the Labor Day, dedicating BIP to build a happier workplace together.

    Source: Republic of China Taiwan

    To recognize the dedication and contributions of workers across industrial parks, the Bureau of Industrial Parks (BIP) of the Ministry of Economic Affairs (MOEA) held the “2025 Labor Day Commendation Ceremony” on April 29. This year, a total of 112 outstanding workers from the northern, central, southern, and eastern regions of Taiwan were honored. The commendations include both local and migrant workers. In addition, eight companies were recognized for promoting harmonious labor-management relations and fostering a happy and sustainable workplace together with their employees.
    In the speech, BIP Director-General Mr. Chih-Ching Yang indicated that the continued growth of industrial parks relies on the tireless efforts of all workers and the active participation of enterprises. Director Yang noted that this recognition not only affirms the excellence of the awardees but also aims to inspire more employees to demonstrate professionalism, teamwork, and dedication. These efforts will help promote labor-management harmony, enhance overall competitiveness, and create a more attractive industrial ecosystem through continued improvements to the labor environment and service mechanisms. The BIP remains committed to “safety” and “sustainability” as guiding principles in governance.
    Among this year’s honorees, Mr. Chen Cheng-Hsiung from Orient Semiconductor Electronics, Ltd. was named a National Model Worker. Known for his proactive work ethic, Mr. Chen has applied innovative thinking and technical expertise to propose multiple process improvements, significantly increasing production efficiency while reducing operational costs. His outstanding contributions have earned high praise from the company and become a role model for others in the industrial park workforce. Another noteworthy honoree is Ms. Cherienne Gonzales from NXP Semiconductors Taiwan Ltd. who received the award for Outstanding International Migrant Worker. As the first foreign member to join the company’s STR team, she took the initiative to learn Mandarin and has played a key role in team communication. Ms. Gonzales has earned the company’s highest performance rating for six consecutive years, embodying the professionalism and diverse value that international workers bring to Taiwan’s industries.
    In addition to individual awards, eight companies and labor unions were commended for excellence in labor-management relations. Honorees included Taiwan Futaba Electronics Corp., NXP Semiconductors Taiwan Ltd., Canon Inc., Taiwan, and Brogent Technologies Inc. These companies have shown exemplary performance in areas such as sound management systems, open communication, and workplace improvements, and have long been committed to creating stable and harmonious work environments and becoming the model of industrials in the parks.
    Reflecting on the BIP’s labor policy initiatives over the years, the BIP has actively promoted workplace safety and improved labor conditions through the “Happy Industrial Parks” initiative. Now in its second year, the “Work-Life Balance Friendly Enterprise Award” honored eight companies across various sectors and scales for advancing gender equality, flexible working hours, and family-friendly policies. These efforts underscore the BIP’s strong commitment to corporate social responsibility and continued support for sustainable labor practices.
    The BIP emphasizes that this event is more than just a celebration–it is a meaningful platform to advocate for the value of labor. By recognizing workers’ contributions, it helps unite labor and management toward a shared goal and injects steady momentum into Taiwan’s economic development.

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

    Contact Person: Chen, Chiao-Fei (Acting Director of Environment and Labor Affairs Division, BIP)
    Contact Number: 886-7-3611212 ext.471
    Email: erin@bip.gov.tw

    MIL OSI Asia Pacific News –

    May 28, 2025
  • MIL-OSI Asia-Pac: LCQ8: A dedicated “technology enterprises channel”

    Source: Hong Kong Government special administrative region

    LCQ8: A dedicated “technology enterprises channel” 
    (1) whether it knows the expected outcomes of TECH;
     
    (2) whether it knows the differences between TECH and the original listing mechanism for technology enterprises, and how HKEX will strengthen the co-ordinated operation of the two;
     
    (3) whether it knows how HKEX will optimise the structure and vetting procedures of its Listing Division to cope with the large number of service applications upon establishment of TECH, thereby enhancing the attractiveness of the relevant policies; and
     
    (4) as TECH allows submission of listing applications by technology enterprises on a confidential basis so as to reduce the risks associated with premature disclosure of their specialist technology, whether the Government knows how HKEX will strike a balance between protecting the intellectual property rights of technology companies and maintaining market transparency?
     
    Reply:
     
    President,
     
         Hong Kong has always been committed to attracting high-quality companies from around the world to list in Hong Kong. To further assist specialist technology (Note) and biotechnology companies in raising funds and developing their businesses, the 2025-26 Budget announced that the Hong Kong Exchanges and Clearing Limited (HKEX) will take forward the establishment of a dedicated “technology enterprises channel” (TECH) to facilitate relevant enterprises to prepare for listing applications. The Securities and Futures Commission (SFC) will also facilitate for a smoother application process. In consultation with HKEX and the SFC, the reply to the four parts of the question is as follows:
     
    (1) to (3) The main purpose of launching TECH is to provide tailored guidance to specialist technology companies and biotechnology companies before they submit their listing applications, thereby providing support to these prospective issuers in their listing preparation process. HKEX and the SFC formally launched TECH on May 6, 2025. The market response has been enthusiastic, with HKEX receiving a large number of enquiries, achieving the anticipated result.
     
         Compared to general applications, TECH can address key matters of these companies at the initial stage of listing preparation and help them better understand the applicable Listing Rules, enabling them to prepare listing materials more effectively. Specifically, TECH includes the following measures:
     
    (a) a specialised team of HKEX to provide concrete guidance on the eligibility and suitability for listing, such as acceptable sectors for specialist technology industries, requirements for core products, criteria for acceptance of other biotech products or clinical trials conducted under the regulation of different authorities, as well as considerations for accepting new sectors or industries outside the current scope as specialist technology industries;
     
    (b) to proactively approach prospective applicants to gain a better understanding of the company’s business and facilitate their comprehension of the Listing Rules’ requirements; and
     
    (c) to discuss with applicants on other Listing Rules-related questions and provide preliminary guidance.
     
         Depending on the number of applications, HKEX and the SFC will flexibly deploy their manpower to meet the demand for vetting applications and other services, ensuring that other applications are not affected.
     
         At the same time, HKEX and the SFC are taking forward enhancements to the listing regime, including reviewing specific requirements for primary listing, secondary listing and dual primary listing as well as post-listing regulatory mechanism, improving the overall vetting regulation for enterprises seeking to list in Hong Kong, with a view to enhancing the vitality, competitiveness and resilience of Hong Kong’s listing platform. The relevant measures will be announced with market consultation to be conducted as appropriate once they are ready.
     
    (4) Compared to other industries, specialist technology companies and biotechnology companies are typically companies that are in their early stage of development or have yet to commercially launch their products. Premature and prolonged disclosure of information on these companies’ operational strategies, proprietary technologies, and listing plans may pose substantial commercial risks to these companies. To assist these companies in mitigating relevant risks, HKEX allows applicants seeking a listing under Chapters 18C (i.e. specialist technology companies) and 18A (i.e. biotechnology companies) of the Listing Rules to submit their applications confidentially.
     
         To maintain transparency and assist investors in considering the subscription of relevant shares, the applicants concerned are still required to publish relevant information of the company after the hearing of the Listing Committee, which includes post-hearing information packs and overall co-ordinator announcement, covering the company’s organisation, business operations, directors and senior management, major shareholders, share capital, financial reports, etc. The measure aims to promote market development, respond to the practical needs of issuers, and adapt to global market changes, while ensuring that the listing regime safeguards the interests of investors.
     
    Note: The specialist technology industries includes next-generation information technology, advanced hardware and software, advance materials, new energy and environmental protection, and new food and agriculture technologies.
    Issued at HKT 15:00

    NNNN

    CategoriesMIL-OSI

    MIL OSI Asia Pacific News –

    May 28, 2025
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