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Category: Business

  • MIL-OSI United Kingdom: World sprint champion sentenced after using £100,000 Covid loan to help buy £1.3 million home

    Source: United Kingdom – Executive Government & Departments

    Press release

    World sprint champion sentenced after using £100,000 Covid loan to help buy £1.3 million home

    Athlete sentenced for Bounce Back Loan fraud

    • British Masters athlete Rick Beardsell obtained two maximum-value Bounce Back Loans for his sportswear manufacturing business and used most of the funds to help buy a £1.3 million home in a Cheshire village
    • Money spent on purchasing the five-bedroom house should have been used to benefit his Sports Creative Limited business
    • Beardsell also broke the rules of the scheme by substantially inflating his company’s turnover and securing two loans when businesses should only have received one
    • The 46-year-old has now repaid the £100,000 he fraudulently applied for in full

    A world sprint champion has been sentenced after he spent Covid loan funds to help buy a £1.3 million house.

    Rick Beardsell secured two £50,000 Bounce Back Loans for his Sports Creative Limited company in 2020 and 2021 when businesses were only allowed a single loan.

    The 46-year-old then moved the Bounce Back Loan funds into his personal bank account, using part of the money to help buy a five-bedroom property on Macclesfield Road in Prestbury, while also transferring cash to family members and making mortgage payments.

    Beardsell, who has won multiple sprint titles and holds world records representing Great Britain as a masters athlete, was sentenced to 18 months in prison, suspended for two years, when he appeared at Chester Crown Court on Tuesday 22 July.

    He was also ordered to complete 250 hours of unpaid work and pay costs of £11,152.

    Beardsell repaid the £100,000 in full earlier this year after his guilty plea but before sentencing.

    David Snasdell, Chief Investigator at the Insolvency Service, said:

    Rick Beardsell exploited a Covid support scheme designed for struggling businesses, fraudulently obtaining loans he was not entitled to.

    While legitimate business owners fought to stay afloat during the pandemic, Beardsell bought a £1.3 million home with the help of money that should have been supporting his company through difficult times.

    This case sends a clear message that we will not tolerate those who viewed government support schemes as an opportunity for personal enrichment during a national emergency.

    Sports Creative Limited was set up in January 2009 with Beardsell as its sole director. The company described itself on social media as “a bespoke sportswear manufacturer”.

    Beardsell applied to the bank for his first £50,000 Bounce Back Loan just before Christmas 2020.

    In the application, he claimed that Sports Creative Limited had a turnover of £485,000.

    Just two weeks later, in early January 2021, Beardsell applied to a second bank for another £50,000 Bounce Back Loan, this time stating that his company had an estimated turnover of £320,000.

    Insolvency Service analysis of Sports Creative Limited’s bank account revealed that its turnover was just over £90,000, meaning he exaggerated his company’s revenue on both occasions.

    Beardsell claimed that he had received a purchase order of $600,000 (approximately £440,000) for personal protective equipment during the pandemic which ultimately failed to materialise.

    Even if this were the case, businesses were required to provide their turnover for 2019, prior to the start of Covid.

    Investigations also found Beardsell transferred £83,900 of the £100,000 loan money to his personal bank account in three separate transactions at the start of March 2021.

    A total of £431,160 from that account was paid to solicitors for the purchase of a house on Macclesfield Road in September 2021.

    Beardsell also made fraudulent transfers of £5,000 to his wife, £10,000 to another family member, and two mortgage payments for his previous house in Manchester which put the funds beyond the reach of creditors.

    In a prepared statement, Beardsell claimed that he had sought “professional advice” that Bounce Back Loan funds could be used for “any purpose” that resulted in a direct benefit to the company. He added that he was advised that this could include investments in company assets or property.

    Beardsell also said that HMRC told him that he was eligible to receive the funds from the second loan, advice which would not have been given had he been honest about his successful application for an earlier Bounce Back Loan.

    Sports Creative Limited entered liquidation in December 2021.

    Further information

    • Rick Beardsell is of Macclesfield Road, Prestbury, Cheshire. His date of birth is 19 January 1979
    • Sports Creative Limited (company number 06787880)
    • Read more about the Bounce Back Loan Scheme and the action the Insolvency Service can take if it finds misconduct
    • 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 23 July 2025

    MIL OSI United Kingdom –

    July 23, 2025
  • MIL-OSI Asia-Pac: LCQ17: Mainland exchange programmes for students

    Source: Hong Kong Government special administrative region

    ​Following is a question by the Hon Stanley Ng and a written reply by the Secretary for Education, Dr Choi Yuk-lin, in the Legislative Council today (July 23): 
     
    Question:

    The media earlier reported that some Hong Kong students had developed problems of different natures while participating in Mainland exchange tours (exchange tours), which has aroused public concerns about the quality of the exchange tours and may have an impact on the willingness of parents, teachers and students to go north for exchange. In this connection, will the Government inform this Council:

    (1) of the total number of primary and secondary schools that have been subsidised by the Education Bureau (EDB) and the number of primary and secondary students who have participated since the implementation of the Mainland exchange programmes for students; the effectiveness of the programmes;

    (2) whether the EDB has provided various schools with the tendering criteria for selecting the service providers of exchange tours; if so, of the details; the review mechanism in place to examine areas such as health and accommodation safety of the exchange tours, and whether guidelines have been drawn up to specify the requirements for the capability of service providers to respond to incidents; and

    (3) it is learnt that the EDB has pointed out that if the quality of the exchange tours was poor, the service providers concerned would not be invited to submit bid again by the authorities, whether the authorities have used the service providers’ records of the exchange tours as the selection criterion, and of the effectiveness of the relevant selection mechanism; whether the authorities have put in place a mechanism to regularly review and enhance the arrangements for the exchange tours (e.g. the itinerary arrangements and selection of itineraries for patriotic education); whether any service providers have been removed from the list of potential service providers for exchange tours by the EDB due to poor track record; if so, of the details?

    Reply:

    President,

    Since the 2004/05 school year, the Education Bureau (EDB) has been providing students with Mainland exchange opportunities in line with the country’s latest developments and the school curriculum every year. This includes organising Mainland exchange programmes (MEPs) of different themes for students and subsidising schools to organise such programmes. Approximately 100 000 subsidised quotas are provided each year to ensure that every student has the opportunity to join at least one MEP each in their primary and secondary stages. The EDB has commissioned external organisations to provide services (e.g. transportation, meals, accommodation and exchange activities) for programmes such as the Mainland Exchange Programme for Junior Secondary and Upper Primary Students and the Mainland Exchange Programme for Secondary School Students, etc. To take better care of students and teachers, every tour will be accompanied by a licensed medical professional or a tour escort holding a valid first aid certificate. Schools may also apply for subsidies from the EDB under two programmes, namely the Junior Secondary and Upper Primary School Students Exchange Programme Subsidy Scheme: “Understanding Our Motherland” and the Senior Secondary School Students Exchange Programme Subvention Scheme, to design their own Mainland exchange activities according to school-based needs and students’ learning needs. MEPs for students align with learning elements of the curriculum and cover diversified learning themes, including history, culture, economics, science and technology. Through participation in the various programmes mentioned above, students can gain first-hand experience of the development of our country from multiple perspectives, and consolidate and deepen classroom learning. This will in turn enhance their understanding of the country and their sense of national identity. Mainland exchange activities for students have delivered remarkable learning outcomes since their launch. Furthermore, to tie in with the implementation of the senior secondary subject of Citizenship and Social Development (CS), the EDB has launched CS Mainland study tours since April 2023. As Mainland study tours form an integral part of the CS curriculum, all senior secondary students studying the local curriculum will receive a full subsidy once to participate in CS Mainland study tours organised by the EDB. After completing their CS Mainland study tours, students have to conduct project learning and submit a report to the school in the form of an individual project.

    Our reply to the question raised by the Hon Stanley Ng is as follows:

    (1) With student participation on a voluntary basis, MEPs for students have all along been well received by schools, parents and students. During the five school years (s.y.) from the 2014/15 to 2018/19 s.y., the number of primary and secondary student participants increased from approximately 50 000 to more than 70 000. With full resumption of normal travel between Hong Kong and the Mainland, the EDB resumed MEPs for students in the 2023/24 s.y., and the responses from schools were positive, with around 68 000 students participating, which was comparable to its pre-pandemic level. The response in the 2024/25 s.y. is even more encouraging, with over 80 000 primary and secondary students already enrolled in MEPs for students, showing that the programmes are highly popular among schools. Schools will decide on the departure dates based on their school context and students’ learning needs. The numbers of students participating in MEPs from the 2022/23 to the 2024/25 s.y. are as follows:
     

    School year Number of students
    (rounded down to the nearest hundred)
    2022/23 600
    2023/24+ 68 200
    2024/25++ 81 000

    + Actual figures revised from last year’s estimates
    ++ Provisional figures (actual figures to be confirmed after departure)

    In addition, following the launch of CS Mainland study tours since April 2023, the EDB has arranged for a cumulative total of more than 140 000 senior secondary students and 15 000 teachers to take part in the study tours in the past three school years (from the 2022/23 to 2024/25 s.y.). The EDB has continued to enhance the scale of and arrangements for CS Mainland study tours. With respect to the number of routes, there is an increase from 22 one-to-three-day tours in the Guangdong Province in the 2022/23 s.y. to 28 one-to-five-day tours in the 2024/25 s.y., covering 11 provinces and municipalities, so as to enable students to participate in various types of learning activities during CS Mainland study tours. Experiential learning activities are arranged in the activity bases for students’ comprehensive practice or other visiting spots as part of the itinerary. The numbers of students participating in CS Mainland study tours from the 2022/23 to 2024/25 s.y. are as follows:
     

    School year Number of students
    (rounded down to the nearest hundred)
    2022/23 43 300
    2023/24+ 49 900
    2024/25++ 50 400

    + Actual figures revised from last year’s estimates
    ++ Provisional figures (actual figures to be confirmed after departure)

    In conclusion, it is without doubt that MEPs for primary and secondary students and CS Mainland study tours are beneficial to students. According to the results of questionnaire survey, feedback from teachers and students on these programmes are very positive. They generally consider that Mainland exchange and study tours have extended classroom learning and deepened students’ understanding of our country’s history, culture and technological development, etc, thereby instilling in them a sense of belonging to our country and enhancing their sense of national identity; facilitated friendship building through exchanges between local and Mainland students; and enhanced students’ understanding of the rapid development of our country to help them seize future development opportunities.  

    (2) and (3) In selecting service providers for Mainland exchange and study tours, the EDB has all along been following the established government procedures of services procurement, with assessment and approval made under the principles of fairness, openness and impartiality. Service providers are required to have relevant experiences in organising Mainland exchange and study tours for students. During tender evaluation, the EDB will take into account both technical factors (including pro-innovation proposals) and price factors, and may not necessarily award contracts to the lowest bidders.

    With the safety and health of students as the prime concern, the EDB has established a regular mechanism to safeguard the safety of students during Mainland exchange and study tours. For instance, the service providers are required by the EDB to formulate for its scrutiny contingency guidelines and arrangements for handling various emergency situations encountered in Mainland exchange and study tours, such as inclement weather, accidents, loss of identity documents and physical discomfort. Prior to departure of each tour, the service providers are required to communicate properly with the schools and arrange on-site briefings to go through the itinerary, points to note and ways to cope with emergencies, etc. Handbooks and name badges containing information about dealing with emergency incidents (e.g. emergency telephone numbers in the Mainland, and particulars and contact numbers of the accompanying staff) will be distributed to teachers and students for persual during the tour. The EDB has put in place a notification mechanism on the safety of students, through which the service providers are required to report on a daily basis the situation of each of the tours during the course of the journey. In addition, the EDB gauges participants’ feedback of these programmes by holding regular meetings with the service providers, deploying staff to attend the programmes to assess the appropriateness of the content and collecting views of the participants, conducting questionnaire surveys, and evaluating the opinions of the participants towards the programmes by arranging interviews and post-tour sharing sessions. Such efforts are conducive to the continuous enhancement and exploration of diverse themes for Mainland exchange and study tours. We will also regularly review the performance of the service providers concerned and monitor the progress and implementation of their work through field inspections and work reports, etc. Any cases of unsatisfactory performance of service providers will be handled by the EDB according to the established mechanism. According to existing records, no service provider has been removed from the list of potential service providers for exchange and study tours by the EDB due to poor track records.

    Regarding the incidents in which students of individual schools had developed gastroenteritis symptoms during the Mainland exchange and study tours for students conducted earlier, we seriously and promptly followed up with relevant Mainland organisations/units to provide appropriate support for the schools concerned, including arranging for those students feeling sick to see a local doctor upon parental consent, reallocating rooms for them to prevent cross-infection, providing antiseptic products and arranging disinfection of the coaches. For the sake of safety, while the source of the outbreak could not be verified, we had immediately requested relevant service providers to stop patronising the suspected eatery, and required all those which offered catering service for MEPs for students and CS Mainland study tours to temporarily stop serving raw and undercooked food and cooked shellfish, etc. All the tours concerned had returned to Hong Kong after successful completion of their journey.

    Meanwhile, we have promptly set up a dedicated task force for student Mainland study tours to enhance the arrangements for exchange and study activities in a timely manner. Efforts include directly liaising and arranging regular collaboration meetings with Mainland departments and units, with a view to improving various facilities and arrangements to further ensure students’ safety. We have also reached a consensus with service providers on strengthening the notification mechanism for unforeseen incidents. In the event of an incident, the service providers should get to know the situation as soon as possible, keep abreast of its developments, and provide appropriate assistance.  They have also been reminded that there should be more detailed planning and contingency measures for the itinerary, accommodation and catering arrangements, etc. The information presented and guidelines for the pre-departure on-site briefings have also been updated to enhance the hygiene and safety awareness of teachers and students. Moreover, we will maintain close liaison with the Centre for Health Protection of the Department of Health (DH) to update from time to time the latest information on disease prevention and control provided by the EDB and the DH on the “Passing on the Torch” National Education Activities Series website (www.passontorch.org.hk/en), and remind all primary and secondary schools in Hong Kong to check out and get familiar with such information before setting off for the tours. To enable accompanying teachers to get hold of the latest information on exchange tours, the EDB will regularly organise briefings and sharing sessions to promote the good practices of different schools and provide illustrative examples on how to respond to emergencies for the schools’ reference.

    On promoting patriotic education, it was mentioned in “The Chief Executive’s 2024 Policy Address” that starting from the 2024/25 s.y., at least 30 routes with “red resources” would be provided through the Mainland exchange and study tours for students. The EDB has made corresponding arrangements to incorporate relevant visiting spots, including historical sites, museums and thematic memorial halls, as well as learning activities, into 30 routes of MEPs and 11 routes of CS Mainland study tours respectively. To further strengthen patriotic education, and tie in with the launch of the Curriculum Framework of National Security Education in Hong Kong (2025) and mark the 80th anniversary of victory in the War of Resistance, starting from the 2025/26 s.y., the number of routes with “red resources” to be provided through MEPs and CS Mainland study tours for students will be increased to 33 and 15 respectively to facilitate students’ understanding of the revolutionary stories and arduous struggles of our revolutionary predecessors and foster their national spirit. The EDB will continue to gauge views from different stakeholders for reviewing the effectiveness of and enhance the arrangements for the Mainland exchange and study tours for students. The EDB will also keep in view the learning effectiveness of the Mainland exchange and study tours for students through school visits and inspections, collection of student work (including photographs, video clips and student reflections), interviews with teachers and students, etc, and will share students’ learning outcomes with the public.

    The EDB has all along been actively organising for the benefit of students various kinds of Mainland exchange and study tours, which have gained general support and recognition from schools. The learning outcomes of students are also remarkable. We are looking forward to the continuous support from relevant stakeholders for the Mainland exchange and study tours for students. We will also adhere to our original aspiration and continue to enhance the quality of MEPs for students, and join hands with various stakeholders to achieve more fruitful outcomes. 

    MIL OSI Asia Pacific News –

    July 23, 2025
  • MIL-OSI Asia-Pac: LCQ5: Liquor duty

    Source: Hong Kong Government special administrative region

         Following is a question by Dr the Hon Kennedy Wong and a reply by the Acting Secretary for Commerce and Economic Development, Dr Bernard Chan, in the Legislative Council today (July 23):

    Question:

         Since October last year, the Government has reduced the duty rate for liquor with import price over $200 from 100 per cent to 10 per cent for the portion above $200. In this connection, will the Government inform this Council:

    (1) whether it has compiled statistics on the changes in the value and volume of imports and re-exports of liquor to date after the reduction in the duty rate on liquor, and how such data compare with those prior to the reduction, together with a breakdown by type of liquor (e.g. Chinese baijiu, whisky and brandy);

    (2) as the Government has indicated that the reduction in the duty rate on liquor aims to promote the development of Hong Kong into a trading hub for high-end liquor and boost the growth of various industries such as catering, hotel, logistics and warehousing, whether the Government has assessed if the policy has achieved the expected effects after its implementation; whether the Government will study a further reduction in the duty rate on liquor; if so, of the details; if not, the reasons for that; and

    (3) whether the Department of Health has, after the reduction in the duty rate on liquor, conducted a population health survey to compile statistics on the proportion of the population aged 15 or above who have consumed liquor; whether it will step up its efforts to publicise and educate the public about the health effects of alcohol, in order to prevent problems such as alcohol dependence, alcohol abuse and binge drinking; if so, of the details; if not, the reasons for that?

    Reply:

    President,

         Having consulted the Health Bureau, the Census and Statistics Department (C&SD) and the Customs and Excise Department (C&ED), the consolidated reply to the question raised by Dr the Hon Kennedy Wong is as follows:

         Currently, liquor duty in Hong Kong is levied on liquor for local sales or other uses, while liquor for export or re-export through Hong Kong to other regions is not subject to duty. As such, the liquor duty reduction has a more direct impact on liquor imported for local consumption, whereas the re-export trade of liquor is more influenced by macro factors such as global economic conditions and geopolitics.

         According to the statistics from the C&ED, during the 8.5-month period from the reduction of the duty rate on high-end liquor on October 16 last year to the end of June this year, both the volume (in litre) and value of duty-paid liquor import increased as compared with the 8.5-month period prior to the liquor duty reduction. Of these, the import volume of liquor rose by more than 20 per cent, while its value went up significantly by nearly 90 per cent, reflecting that the two-tier system introduced by the Government is effective in boosting high-end liquor trading. A comparison of the volume and value of duty-paid liquor before and after the reduction in liquor duty rate, as well as detailed statistics breakdown by type of liquor, is provided in Annex I for Members’ reference.

         On the other hand, as liquor duty is not levied on re-exported liquor, the C&ED does not maintain statistical data on the value of liquor re-export. The information provided by the C&SD is set out in Annex II.

         As the liquor duty reduction has only been implemented for a short period, its effectiveness in various aspects remains to be observed. Regarding the suggestion from some members of the trade that the Government should further reduce the duty on liquor, we would like to reiterate that the purpose of lowering liquor duty is to encourage the trade and auctions of high-end liquor in Hong Kong, thereby giving impetus to the development of other high value-added sectors such as logistics and storage, tourism as well as high-end food and beverage consumption. At the same time, we are also mindful of the need to avoid increasing liquor consumption among the public as a result of reducing liquor duty, thereby leading to other problems.

         When introducing the relevant measures, the Government has fully balanced different policy considerations such as promoting economic development, maintaining stable public finances and protecting public health. We will closely monitor the development of the liquor trade and review the effectiveness of the measures in a timely manner. Any further adjustments will require careful consideration of the impact on different aspects with prudent planning. The Government currently has no plan to further adjust the duty rate on liquor.

         In fact, the Government has been attaching great importance to the harms brought by alcohol, in particular alcohol dependence, alcohol abuse and binge drinking. In 2018, the Government launched the “Towards 2025: Strategy and Action Plan to Prevent and Control Non-communicable Diseases in Hong Kong”, setting out nine local targets, with “reduce harmful use of alcohol” being one of them, to be achieved by 2025. The Government will continue to adopt a risk-based approach to reduce alcohol-related harm through publicity, education, treatment and support services. Among which, the Department of Health (DH) has launched the Pilot Alcohol Cessation Counselling Service (Pilot Programme) through subvention to a non-governmental organisation. The Pilot Programme was launched on April 8, 2024, and will last for two years to provide free counselling service for Hong Kong residents identified to have probable alcohol dependence. The DH has also launched a publicity and education campaign named “Understanding Alcohol Harm” since 2022 to enhance the public’s understanding of the health risks associated with alcohol consumption; and provides online risk assessment of drinking behaviour, personalised health advice, self-help tools, health education resources, etc to encourage drinkers to change their drinking behaviour for the sake of their health.

         In addition, the DH conducts the Population Health Survey (PHS) approximately every five years with the Health Behaviour Survey conducted in between as regular surveillance to understand the health status of the Hong Kong population, including drinking behaviours. Figures relevant to drinking behaviours in past PHSs are set out in Annex III. The 2025/26 PHS is expected to commence in the third quarter this year with the findings to be available in end-2026, which would reflect the situation after the partial reduction of duty on liquor.

    MIL OSI Asia Pacific News –

    July 23, 2025
  • MIL-OSI Africa: Nigeria’s Lekoil to Showcase Expansion Plans, Environmental, Social, and Governance (ESG)-Driven Growth Strategy at African Energy Week (AEW) 2025

    Source: APO – Report:

    Edward During, Chief Financial Officer, and Sam Olotu, Chief Technical Officer of Africa-focused oil and gas company Lekoil, will join the lineup of industry leaders speaking at African Energy Week (AEW) 2025: Invest in African Energies in Cape Town. Their participation comes as the Nigerian independent continues to make headlines with its rapid project execution, growing investments and increasing involvement in national development and energy transition initiatives.

    Lekoil holds interests in a diverse portfolio of marginal and offshore assets across Nigeria, with a track record that reflects both technical achievement and rapid project execution. The company was part of the consortium that drilled the Ogo-1 and Ogo-1 ST wells in the OPL 310 license offshore Lagos in 2013 – one of the largest offshore discoveries in Nigeria in recent history, with estimated recoverable resources exceeding 700 million barrels of oil equivalent. Building on that early success, Lekoil later acquired a majority stake in the Otakikpo field in OML 11, Rivers State, and brought it into production within just 18 months – setting a new benchmark for speed and efficiency among indigenous operators. Today, the company continues to build momentum at Otakikpo as part of a wider expansion plan to boost output and optimize existing infrastructure.

    Lekoil has also reinforced its commitment to ESG principles, with the company publicly advocating for stronger integration of environmental, social and governance practices across Africa’s energy industry. In January 2025, Lekoil announced a strategic partnership with the Akwa Ibom State Government aimed at unlocking investment across the oil and gas value chain, with additional collaboration in agriculture and community development. The partnership reflects Lekoil’s long-term vision of integrating energy production with local economic empowerment, creating jobs and enabling broader development benefits.

    Lekoil’s leadership has made clear that it aims to serve as a model for how indigenous energy companies can lead the way in delivering tangible socioeconomic impact while meeting national production goals. The independent operator has targeted 250,000 barrels of oil per day in the long term, aligning this ambition with a strategy centered on marginal field development, local partnerships and integrated investment in infrastructure, job creation and regional growth.

    “At AEW 2025, the company’s participation will offer valuable insight into how indigenous firms are not only accelerating field development, but also shaping policy, investment and sustainability discourse across the continent. Lekoil is expected to provide updates on its expanding project pipeline, strategic partnerships and its approach to navigating both legacy challenges and the demands of a just and pragmatic energy transition. As Nigeria looks to scale up production and unlock the potential of its untapped reserves, Lekoil’s trajectory serves as a compelling example of what’s possible when local capacity is matched with focused leadership and collaborative investment,” says NJ Ayuk, Executive Chairman, African Energy Chamber. 

    – on behalf of African Energy Chamber.

    About AEW: Invest in African Energies:
    AEW: Invest in African Energies is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit www.AECWeek.com for more information about this exciting event.

    Media files

    .

    MIL OSI Africa –

    July 23, 2025
  • MIL-OSI Europe: Payments statistics: second half of 2024

    Source: European Central Bank

    23 July 2025

    The European Central Bank (ECB) today published statistics on non-cash payments for the second half of 2024.[2]The statistics comprise indicators on access to and use of payment services, payment cards and payment terminals by the public, as well as volumes and values of transactions processed through retail and large-value payment systems. This press release focuses on developments in the euro area as a whole, while statistics are also published at country level for all euro area and most non-euro area EU member states. EU and euro area aggregates are also published.[3]

    Payment services[4]

    In the second half of 2024, the total number of non-cash payment transactions[5] in the euro area increased by 8.6% to 77.6 billion compared with the second half of 2023, with the corresponding total value rising by 3.8% to €116.9 trillion. Card payments accounted for 57% of the total number of transactions, while credit transfers accounted for 21%, direct debits for 15% and e-money payments for 6%. The remaining 1% comprised cheques, money remittances and other payment services (see annex, Table 1).

    Chart 1

    Use of the main payment services in the euro area

    (number of transactions in billions, graph on the right-hand-side refers to half-yearly data)

    Source: ECB.
    Note: Data have been partially estimated for periods prior to 2010, as methodological changes were implemented in those years and some data are not directly available. The historical estimations done by the ECB ensure comparability of figures over the entire period. Statistics were also collected for cheques, money remittances and other payment services which together accounted for 1% of the total number of non-cash euro area payment transactions in the second half of 2024.

    Data on payment services

    Card payments

    In the second half of 2024 the number of card payments within the euro area increased by 11.3% to 44.3 billion compared with the second half of 2023. The corresponding total value of card payments rose by 9.4% to €1.7 trillion, reflecting an average value of around €39 per transaction. The split between remote and non-remote[6] transactions in the total number of card payments was 18% to 82%, while the split in terms of value was 28% to 72%. The number of contactless card payments initiated at a physical electronic funds transfer point of sale terminal increased by 15.5% to 29.5 billion compared with the second half of 2023, with the corresponding total value rising by 15.1% to €0.8 trillion. As a result, their share in the total number of non-remote card payments accounted for 81%, while the corresponding share in terms of value was 65%. At the national level, Lithuania continued to have the largest share of card payments as a percentage of the total number of non-cash payments in the second half of 2024, at around 79% (see annex, Table 2).

    Credit transfers[7]

    In the second half of 2024 the number of credit transfers within the euro area increased by 7.3% to 16.2 billion compared with the second half of 2023, and the corresponding total value rose by 3.6% to €108.3 trillion. As higher-value payments are usually made by credit transfer[8], they accounted for 93% of the total value of non-cash payments. The ratio of transactions initiated electronically to those initiated using paper forms was around 16 to 1, while in terms of value the ratio was around 12 to 1. At the national level, Latvia continued to have the largest share of credit transfers as a percentage of the total number of non-cash payments in the second half of 2024, at around 36% (see annex, Table 2).

    Direct debits

    In the second half of 2024 the number of direct debits within the euro area increased by 3.9% to 11.4 billion compared with the second half of 2023, and the corresponding total value rose by 8.2% to €5.4 trillion. Of the total number of direct debits, those with an electronic mandate accounted for 12% whereas those with consent given in other forms accounted for 88%, while in terms of value the split was 14% to 86%. At the national level, Germany continued to have the largest share of direct debits as a percentage of the total number of non-cash payments in the second half of 2024, at around 32% (see annex, Table 2).

    E-money payments

    In the second half of 2024 the number of e-money payment transactions within the euro area increased by 2.6% to 4.6 billion compared with the second half of 2023, and the corresponding value rose by 15.8% to €0.3 trillion. Of the total number of e-money payment transactions, those made with e-money accounts accounted for 95% whereas those made with cards on which e-money can be stored accounted for 5%, while in terms of value the split was 93% to 7%.

    Cards and accepting devices

    At the end of the second half of 2024 the number of cards with a payment function[9] had increased by 8.2% to 750.0 million compared with the number at the end of the second half of 2023. With a total euro area population of around 353 million, this implies an average of 2.1 payment cards per euro area inhabitant.

    At the end of the second half of 2024 the total number of automated teller machines (ATMs) in the euro area had decreased by 3.1% to around 253.7 thousand compared with the number at the end of the second half of 2023. Of these, 33% accepted contactless transactions.

    At the end of the second half of 2024 the total number of point of sale (POS) terminals had increased by 7.9% to around 20.7 million[10] compared with the corresponding number at the end of the second half of 2023. Of these terminals, 92% accepted contactless transactions.

    Payment systems[11]

    Retail payment systems

    Retail payment systems located in the euro area handle mainly payments that are made by individuals and businesses, with a relatively low value and high volume overall.

    In the second half of 2024, 34 retail payment systems within the euro area processed around 56.1 billion transactions with a combined value of €26.4 trillion. Instant credit transfers accounted for 16% of the total number and for 4% of the total value of credit transfer transactions processed by euro area retail payment systems.

    Retail payment systems located in the euro area differ significantly in terms of type, size and geographical scope of transactions they process. The three largest systems (MCMS[12], STEP2-T[13] and CORE (France)) processed 65% of the volume and 62% of the value of all transactions processed by the retail payment systems located in the euro area in the second half of 2024.

    Chart 2

    Main retail payment systems located in the euro area, values and numbers of transactions processed in the second half of 2024

    (value of transactions in EUR trillions and number of transactions in billions)

    Source: ECB.

    Data on retail payment systems

    Large-value payment systems

    Large-value payment systems form the backbone of the euro area financial market infrastructure and are designed primarily to process large-value and/or high-priority payments made between system participants for their own account or on behalf of their customers. 

    In the second half of 2024, large-value payment systems located in the euro area settled 74.7 million payments with a total value of €223.7 trillion in euro payments, with T2 and EURO1/STEP1 being the two main systems.[14]

    Chart 3

    Main large-value payment systems located in the euro area, values and numbers of transactions processed in the second half of 2024

    (value of transactions in EUR trillions and number of transactions in millions)

    Source: ECB.

    Data on large-value payment systems

    Notes:

    • The full set of payment statistics can be downloaded from the ECB Data Portal (EDP). The EDP also includes interactive dashboards and interactive reports supporting data visualization. Detailed methodological information, including a list of all data definitions, is available under “Payment services and large-value and retail payment systems” in the “Statistics” section of the ECB’s website.
    • As of 2025, the dissemination scope of payments statistics in the EDP has been extended in two-waves. Since March 2025, the quarterly publication of payments statistics has been significantly widened, offering more detailed geographical breakdowns as well as additional details on card payments per type of merchant category codes (MCC). As of July 2025, the semi-annual publication includes details on the payment schemes for credit transfers and direct debits as well as more granular geographical breakdowns, among others. In addition, some indicators related to fraudulent payment transactions are now publicly available in the EDP. For the latter, please also refer to the relevant disclaimer available towards the bottom of the EDP page.
    • Taking effect on 1 January 2022, the methodological and reporting framework for payments statistics was enhanced to take progressive developments in the payments market and related changes in the legal framework in Europe into account. The enhanced reporting requirements are set out in Regulation ECB/2020/59 amending Regulation ECB/2013/43 on payments statistics and in Guideline ECB/2021/13 on reporting requirements on payments statistics. In addition, the Manual on payments statistics reporting is available on the ECB’s website.
    • Hyperlinks in the main body of the press release and in annex tables lead to data that may change with subsequent releases as a result of revisions. Figures shown in annex tables are a snapshot of the data at the time of the current release. Unless otherwise indicated, statistics referring to the euro area cover the EU Member States that had adopted the euro at the time to which the data relate.

    MIL OSI Europe News –

    July 23, 2025
  • MIL-Evening Report: View from The Hill: Nationals’ mavericks ensure the Coalition is the issue in parliament’s first week

    Source: The Conversation (Au and NZ) – By Michelle Grattan, Professorial Fellow, University of Canberra

    For almost as long anyone can remember, the Nationals have caused the Coalition grief on climate and energy policy. Still, for Barnaby Joyce to bring on a fresh load of trouble – with a private member’s bill to scrap Australia’s commitment to net zero emissions by 2050 – in Sussan Ley’s first parliamentary week as opposition leader was beyond provocative.

    And for Michael McCormack to support him reinforced the impression the Nationals don’t give a fig about the wider interests of a Coalition confronting very dark days.

    The bill will go nowhere but the issue will tear at the opposition.

    Both Joyce and McCormack are former leaders, and they are former rivals. In 2021 Joyce overthrew McCormack as leader. McCormack used to be a supporter of net zero. Joyce, a deputy prime minister, did a deal with then prime minister Scott Morrison for the Nationals to back net zero before Morrison went to the Glasgow COP conference in 2021. The Nationals are their own game of snakes and ladders.

    Now Joyce says he never supported the net zero target – which is sort of correct, because his own position during that deal (involving the trade off of promised huge infrastructure spending) was near impossible to fathom.

    On why stir the issue in the first parliamentary week, Joyce says, “Now is the time, when the agenda has not been set”.

    McCormack says he supported net zero in 2021 because Australia was suffering the trade restrictions imposed by China and needed to expand its exports to Europe, where many countries required the commitment. The farmers in his Riverina electorate wanted him to support it, he says.

    Despite disclaimers, this undermines the authority of Nationals leader David Littleproud, already weakened by the events around the temporary split in the Coalition after the election. The Nationals obtained their several policy demands (that didn’t relate to net zero) but Littleproud came in for a good deal of criticism.

    The Nationals are split over net zero, but it is looking increasingly difficult for those who want to preserve the commitment to hold the line. Joyce says he hopes the numbers are there in the party room to ditch it, and he suspects they are but “I don’t know”. McCormack believes the numbers are there.

    While Littleproud says he is waiting for the party’s own review, under net zero opponent senator Matt Canavan, he suggested the net zero commitment was “trying to achieve the impossible rather than doing what’s sensible”.

    The Liberals are divided too, but those wanting to end the commitment are in a minority. Former frontbencher Jane Hume spoke out on Wednesday, stressing how important the commitment was. “Over and over, the electorate has told us that they want to see a net zero energy future,” she told Sky. “My personal opinion is that this is profoundly important for not just the electorate, but also for our country.”

    But if the Nationals repudiated the net zero target, that would embolden the Liberal critics and probably add to their number. It would drive a wedge into the Coalition, and might be serious enough to split it.

    The Ley critics within the Liberals won’t be shedding any tears over the damage, now and later, that this issue will do her. Neither will Littleproud – it’s well known the two are not close.

    Ley herself can only say the opposition has a working group looking at energy and emissions reduction policy. But she knows this is simply a holding position. It’s impossible to think that the working group, headed by energy spokesman Dan Tehan, can come up with any policy position that unites two diametrically opposed positions.

    Tehan said of Joyce and McCormack, “They’re two steers fighting in the neighbour’s paddock”. The flaw with this dismissal is that the steers are actually part of the broad Coalition herd.

    In the first question time of the new parliament, the opposition wasn’t able to score any hits on the government. The prime minister and other ministers were able to shrug off questions about Labor’s proposed tax on unrealised capital gains on big superannuation balances, and other issues. Energy Minister Chris Bowen had been handed ammunition to deploy against the opposition.

    The overwhelming message of the day was that the opposition had made itself the issue. From the Coalition’s point of view, the problem is this damaging conversation will go on a long time.

    Michelle Grattan 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. View from The Hill: Nationals’ mavericks ensure the Coalition is the issue in parliament’s first week – https://theconversation.com/view-from-the-hill-nationals-mavericks-ensure-the-coalition-is-the-issue-in-parliaments-first-week-261099

    MIL OSI Analysis – EveningReport.nz –

    July 23, 2025
  • MIL-OSI Russia: The admission campaign for foreign citizens is in full swing at the Polytechnic University

    Translation. Region: Russian Federal

    Source: Peter the Great St. Petersburg Polytechnic University –

    An important disclaimer is at the bottom of this article.

    The Polytechnic University is completing the main stage of accepting documents from foreign applicants. During the large-scale campaign, the university team participated in educational exhibitions, quota selections and webinars in the countries of Asia, Africa, Latin America and the CIS.

    Since autumn 2024, the university has presented its educational programs at 39 events, including 12 face-to-face (in China, Turkey, Vietnam, Morocco, Uzbekistan, Kazakhstan) and six online exhibitions, 17 information webinars and four regional selection rounds jointly with Rossotrudnichestvo representative offices. Foreign applicants familiarized themselves with the new admission algorithms. To promote the Open Doors international Olympiad, which gives talented students a unique opportunity to enter the Polytechnic University and study for free, an interview with the winners was held. They told their compatriots about studying at SPbPU. Also, specialized webinars on the master’s and bachelor’s degree tracks were held jointly with the Global Universities Association.

    This year, a unified algorithm for admission to Russian universities for foreign and Russian citizens was launched. Now foreigners participate in the general competition on an equal basis with Russian schoolchildren. The progress of admission can be monitored in real time through the competition lists, which are already available on the official website of the university. The results of the main stage of enrollment will be known in August. Based on the results of the summer campaign, additional recruitment will take place for the remaining vacancies.

    An important innovation of the international Open Doors Olympiad is the opening of the bachelor’s degree program for the winners. If previously only applicants for master’s and postgraduate studies participated, now future bachelors can too. At the moment, about 300 applications have been received, and about a hundred of them are for bachelor’s degree programs. Most of the guys participating in the Olympiad represent foreign countries and do not speak Russian. Therefore, after admission, they will begin their studies with a pre-university training program.

    Polytechnic University traditionally attracts great interest from applicants from key regions: the CIS countries (Kazakhstan, Uzbekistan and Turkmenistan are in the lead), China and other BRICS countries, Turkey and Latin America (especially Colombia and Ecuador). At the same time, the number of representatives of the African continent interested in studying in pre-university training programs is growing at the university. To develop this area, Polytechnic University took part in a special series of events organized by the Rosatom State Corporation. A series of exhibition and presentation webinars and educational lectures covered nuclear technologies in energy and their non-energy applications in related industries. Popular science lectures were given by Associate Professor of the Higher School of Mechanical Engineering Hamuda Khaled and Senior Lecturer of the Higher School of Technosphere Safety Jamilya Idrisova. The goal is to attract students from African countries to Rosatom’s flagship universities to study in nuclear and related specialties in Russia.

    A significant number of bachelor’s and master’s degree graduates choose to continue their education at SPbPU. According to preliminary data from the admissions campaign, over 2,000 applications have already been submitted for the main educational programs (bachelor’s, master’s, postgraduate) under the contract, and over 800 for the preparatory faculty. Candidates within the Russian Federation Government quota are also being considered. Over 800 applications have been processed to date.

    The most popular bachelor’s degree programs among applicants are economics and international relations, engineering and construction programs, IT and high technology. Of particular interest is the English-language program “International Business”.

    The following areas are in demand in the Master’s program: construction, electric power engineering and electrical engineering, automation of technological processes, management, foreign regional studies, applied mechanics. The following English-language areas are also in demand: “Informatics and computing engineering”, “Biotechnical systems and technologies”, “Infocommunication technologies and communication systems”, “Development of international business”, “Intelligent systems”, “Microelectronics of infocommunication systems”, “Civil engineering” and “Molecular and cellular biotechnology”.

    In postgraduate studies, technical fields (energy, construction, mechanical engineering) and biotechnology are leading.

    “It is difficult to predict the results of the new admissions system, including the movement of competition lists, since this is the first such experience. We recommend that applicants closely monitor updates on the SPbPU website and be prepared for additional recruitment in August. Despite the novelty of the procedure and the complexity of the exams, the interim figures indicate a record interest in studying at the leading technical university in Russia,” said Evgeniya Satalkina, Head of the International Education Department.

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

    .

    MIL OSI Russia News –

    July 23, 2025
  • MIL-OSI China: More occupations bolstering China’s employment market

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

    China is spearheading job creation through the introduction of new occupations, providing diverse career paths and high-quality employment opportunities.

    The move, led by the Ministry of Human Resources and Social Security, will align talent development with emerging fields and bridge skill gaps, an official said on Tuesday.

    According to data released by the ministry on the same day, China added 6.95 million new urban jobs nationwide in the first half of the year, achieving 58 percent of this year’s target and maintaining a year-on-year urban unemployment rate of 5 percent in June.

    Various policies including introducing new occupations have been implemented to support job stability, the ministry said, adding that from August last year to date, it has launched 17 new occupations and 42 new job types.

    Wang Xiaojun, deputy head of the ministry’s department of vocational capacity building, said at a news conference in Beijing that the creation of new occupations generates a greater number of high-quality employment opportunities. “It provides workers with broader and more diverse career development paths,” she said.

    The rapid growth of emerging technologies, such as artificial intelligence and big data, is creating numerous new digital professions, Wang said, citing AI-generated animation producers and unmanned aerial vehicle swarm flight planners as examples of roles emerging in response to the evolving job market.

    By the end of 2024, there were about 1.62 million registered UAV owners in China, which was double the number compared with the previous year, she noted.

    Wang also highlighted the rise of new professions catering to evolving consumer needs, such as indoor environmental specialists, sleep health managers and customized travel photography planners.

    “The ministry plans to establish standards, enhance training and align talent development with market demands to bridge talent gaps in emerging fields,” she said.

    Li Chang’an, a professor at the University of International Business and Economics’ Academy of China Open Economy Studies, said the release of a new catalog each year serves, regulates and manages emerging roles.

    “The emergence of numerous new roles is followed by training activities. The primary goals of releasing new occupations are standardization and training, which enable individuals to hold qualification certificates for the new positions,” he said.

    New occupations play a crucial role in guiding employment, Li said. “Individuals, especially young people, are made aware of diverse job opportunities, prompting them to engage in career guidance tailored to evolving occupational categories,” he added.

    The Chinese government will conduct subsidized training for 10 million candidates annually over the next three years as yet another tool to enhance employment.

    Furthermore, the government will add positions in key sectors in the digital, green, silver and nighttime economies.

    MIL OSI China News –

    July 23, 2025
  • MIL-OSI: Tensor Processing Unit (TPU) Market Set to Hit USD 24.1 Billion by 2032, Growing at 31.90% CAGR, Fueled by Rapid AI and Machine Learning Adoption | AnalystView Market Insights

    Source: GlobeNewswire (MIL-OSI)

    San Francisco, USA, July 23, 2025 (GLOBE NEWSWIRE) — The global Tensor Processing Unit (TPU) Market is poised for substantial growth, with projections indicating a compound annual growth rate (CAGR) of 31.90%, reaching a market value of approximately USD 24,097.31 million by 2032. TPUs, or Tensor Processing Units, are highly specialized application-specific integrated circuits (ASICs) originally developed by Google to address the increasing demands of artificial intelligence (AI) and machine learning (ML) workloads.

    Unlike traditional CPUs and GPUs, Tensor Processing Units (TPUs) are engineered to accelerate tensor operations—the core of neural network training and inference—by efficiently executing large-scale matrix multiplications with minimal power usage. This specialized architecture makes TPUs ideal for deep learning across industries such as healthcare (advanced imaging diagnostics), finance (algorithmic trading and fraud detection), automotive, and telecommunications.

    On the government front, federal support is strong: the FY 2025 U.S. budget proposes hundreds of millions for foundational AI R&D via the NSF, AI talent initiatives, and the National AI Research Resource pilot. Additionally, in May 2024, Senate leaders called for at least USD 32 billion per year in non‑defense AI funding to maintain U.S. leadership. These commitments, combined with private-sector uptake, are accelerating TPU adoption nationwide.

    Grab a Complimentary Sample Report PDF @ https://analystviewmarketinsights.com/request_sample/AV3789

    Market Key Players- Detailed Competitive Insights

    • Amazon Web Services, Inc.
    • Google Inc.
    • Graphcore
    • IBM Corporation
    • Intel Corporation
    • Micron Technology
    • Microsoft Corporation
    • NVIDIA Corporation
    • Qualcomm Technologies
    • Xilinx Inc.
    • Others

    Why TPUs Are Gaining Momentum

    Unlike general-purpose CPUs and GPUs, TPUs are engineered specifically to handle large-scale matrix operations required in artificial intelligence (AI) applications. Their architecture is tailored to perform these operations with superior efficiency and lower energy consumption, making them a preferred choice for AI model training and inference. This specialized capability enables significantly faster processing of data, accelerating development cycles in AI and reducing infrastructure costs.

    With the AI industry poised to contribute over $14 trillion to the global economy by 2035, the demand for high-performance, scalable, and energy-efficient computing solutions like TPUs is accelerating. These processors are already widely adopted in data centers, cloud AI platforms, and AI research environments, acting as the backbone for high-speed machine learning tasks.

    Widespread Adoption Across Key Sectors

    The impact of TPUs extends across multiple industries:

    • Healthcare: Enhancing diagnostics, image recognition, and real-time patient data analysis.
    • Finance: Powering fraud detection systems, algorithmic trading platforms, and real-time risk analytics.
    • Automotive: Enabling autonomous driving systems through high-speed data processing.
    • Manufacturing & Logistics: Driving real-time automation and predictive analytics in smart factories.

    Cloud platforms like Google Cloud TPU, AWS Inferentia, and Microsoft Azure AI Infrastructure are offering TPUs as-a-service, allowing organizations to scale their AI capabilities without hefty hardware investments.

    Driving the Future of Edge Computing and IoT

    The role of TPUs is also expanding into edge computing and Internet of Things (IoT) deployments. These chips enable AI models to operate locally on edge devices, reducing data transmission delays and enhancing real-time decision-making. In smart cities, autonomous vehicles, and connected devices, TPUs are crucial for low-latency, high-efficiency AI operations at the network edge.

    As smart infrastructure and IoT ecosystems expand, TPUs will become even more integral in delivering real-time intelligence, particularly in mission-critical environments such as traffic management, remote diagnostics, and predictive maintenance.

    Competitive Strategies and Market Trends

    To remain competitive, key players in the TPU market are investing in:

    • Strategic Partnerships: Collaborating with cloud providers and AI software developers to integrate TPUs seamlessly into broader ecosystems.
    • Product Innovation: Designing next-gen TPUs with enhanced performance for tasks like generative AI, large language models, and advanced analytics.
    • Vertical Integration: Major tech firms such as Google, Amazon, and Apple are increasingly bringing TPU development in-house to optimize cost, performance, and control over their AI stacks.

    A notable trend is the rise of custom TPU designs, where companies develop hardware specifically tailored to niche AI applications. Whether it’s accelerating natural language processing or optimizing vision models for robotics, these customized chips deliver precise performance gains.

    Market Outlook and Future Prospects

    With AI adoption accelerating across multiple industries, the demand for Tensor Processing Units (TPUs) is expected to grow exponentially. According to projections from the U.S. Department of Commerce, the global AI market could reach USD 190.6 billion by 2025, positioning TPUs as a foundational technology in this expansion.

    Designed for high-speed, energy-efficient processing of complex tensor operations, TPUs enable faster training and deployment of advanced AI models. As businesses increasingly adopt data-driven strategies, TPUs are powering applications across healthcare, finance, automotive, and telecommunications, improving efficiency, decision-making, and scalability. This unique capability ensures TPUs will remain integral to the next wave of AI innovation. 

    TABLE OF CONTENT:

    1. Tensor Processing Unit Market Overview
    1.1. Study Scope
    1.2. Market Estimation Years
    2. Executive Summary
    2.1. Market Snippet
    2.1.1. Tensor Processing Unit Market Snippet by Deployment
    2.1.2. Tensor Processing Unit Market Snippet by Application
    2.1.3. Tensor Processing Unit Market Snippet by End User
    2.1.4. Tensor Processing Unit Market Snippet by Country
    2.1.5. Tensor Processing Unit Market Snippet by Region
    2.2. Competitive Insights
    3. Tensor Processing Unit Key Market Trends
    3.1. Tensor Processing Unit Market Drivers
    3.1.1. Impact Analysis of Market Drivers
    3.2. Tensor Processing Unit Market Restraints
    3.2.1. Impact Analysis of Market Restraints
    3.3. Tensor Processing Unit Market Opportunities
    3.4. Tensor Processing Unit Market Future Trends
    4. Tensor Processing Unit Industry Study
    4.1. PEST Analysis
    4.2. Porter’s Five Forces Analysis
    4.3. Growth Prospect Mapping
    4.4. Regulatory Framework Analysis
    5. Tensor Processing Unit Market: Impact of Escalating Geopolitical Tensions
    5.1. Impact of COVID-19 Pandemic
    5.2. Impact of Russia-Ukraine War
    5.3. Impact of Middle East Conflicts
    6. Tensor Processing Unit Market Landscape
    6.1. Tensor Processing Unit Market Share Analysis, 2024
    6.2. Breakdown Data, by Key Manufacturer
    6.2.1. Established Players’ Analysis
    6.2.2. Emerging Players’ Analysis……

    Unlock insights into territorial performance, business segmentation, and player analysis.@ https://www.analystviewmarketinsights.com/reports/report-highlight-tensor-processing-unit-market

    Key Report Benefits:

    • In-depth analysis of top market players and strategic initiatives
    • Comprehensive regional outlook and growth hotspots
    • Insights into emerging TPU applications in cloud, edge, and industry-specific solutions
    • Future projections and competitive landscape assessments

    Browse more Reports from AnalystView Market Insights:

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    The MIL Network –

    July 23, 2025
  • MIL-OSI: Panasonic TOUGHBOOK Research Highlights Urgency of Windows 11 Migration

    Source: GlobeNewswire (MIL-OSI)

    Critical infrastructure organisations face increased security, compatibility, performance, cost, and compliance risks if they delay upgrading to Windows 11.

    Bracknell, UK. 23rd July 2025 – Panasonic TOUGHBOOK has released research revealing the challenges and concerns for organisations navigating Windows 10 end-of-life and migrating to the Windows 11 operating system*. With support for Windows 10 ceasing on 14th October 2025, Panasonic’s research shows organisations that have not yet completed their migration are concerned about security risks, costs, and software compatibility issues arising from out-of-support software.

    Panasonic’s whitepaper, ‘Navigating the Shift: The Business Case for Upgrading to Windows 11’ also explores the extent of hardware refreshes needed to support Windows 11, and reveals concerns about the impact of device downtime during upgrade cycles.

    Standing still presents significant security risks and cost implications
    One of the biggest challenges surveyed organisations face is the security risk of inaction or delaying their Windows 11 migration. Ninety-eight percent of organisations surveyed say they are ‘likely’ to invest in Microsoft’s Extended Security Update (ESU) if they have not completed migration to Windows 11 by October.

    More than half (58%) are not confident that they will be able to manage device security without either completing the migration or investing in ESU. They are concerned that if they don’t migrate or purchase ESU, they will be exposed to higher ransomware and malware risk (94%), data breaches (93%), a lack of patches for new security threats (91%), compliance risks (89%) and the impact on business reputation (88%).

    Cost is another concerning factor for organisations delaying their Windows 11 migration beyond October 2025. Two-thirds predict that they’ll face higher costs overall, with 55% expecting these will come in the form of higher cybersecurity expenses. With Microsoft advising that an enterprise with 1,000 devices will face an ESU bill for approximately £320,000 over the three years that ESU is available, the cost of delay is tangible and immediate

    In addition, 48% predict increased support costs and 46% believe business continuity risks will have cost implications. Increased maintenance costs (40%) and hardware costs (38%) are also factors.

    Software upgrade means hardware replacement and reduced productivity
    Surveyed organisations operate an average of 4,000 devices and estimate that 62% either have been, or will still need to be replaced or upgraded, to ensure compatibility with Windows 11. This rises to 76% of devices in organisations with more than 5,000 employees.

    Almost half (45%) of respondents see challenges around the loss of productivity due to downtime when devices are being upgraded. Consequently 75% are adopting a phased approach. One-quarter (25%) are delaying software upgrades to coincide with device replacement. Application and business software compatibility issues are another migration challenge, cited by 47%.

    Upgrades will be managed through a combination of remote upgrades (46%) and in-person upgrades (54%), with 64% expecting to draw heavily on device manufacturer support during the process.

    Benefits of migration outweigh risks of delay
    Respondents currently migrating to Windows 11 expect to unlock important benefits around security and protection (44%), performance and processing power (36%) and having a future-proofed device ecosystem (36%). They also seek to leverage AI features such as Microsoft Copilot or Bing AI (34%) as well as deploying Edge AI capabilities in the field (29%).

    Chris Turner, Head of Go-to-Market, Panasonic TOUGHBOOK Europe, comments: “The window is closing for organisations to make a well-planned, measured and cost-effective transition to Windows 11 and start unlocking its benefits. The cost, security, and performance risks of delay are steadily increasing as the end-of-life deadline approaches, which is especially concerning in the critical sectors we surveyed including emergency services, field services and utilities, and defence organisations.

    “Organisations that are still to undertake Windows 11 migration need support to ensure their deployment is not rushed and risky. Panasonic TOUGHBOOK offers customers full transition support to ensure a seamless migration experience, maintain productivity and take the uncertainty from the process. By acting now, businesses can avoid incurring both cost and risk beyond October 2025,” adds Turner.

    To download the Panasonic TOUGHBOOK whitepaper, ‘Navigating the Shift: The Business Case for Upgrading to Windows 11’, please click here: https://eu.connect.panasonic.com/gb/en/whitepapers/navigating-shift-business-case-upgrading-windows-11

    For more information on how Panasonic’s Mobile-IT As-a-Service offering can help your organisation migrate to Windows 11, click here: https://eu.connect.panasonic.com/gb/en/toughbook/Mobile-IT-As-A-Service

    *Research Methodology
    Panasonic commissioned research from 200 decision makers from the UK and Germany (100 each) in March 2025. Respondents are involved with purchasing decisions and working for organisations with 1,000+ employees, in field services and utilities; defence; emergency services; automotive; supply chain and logistics; and manufacturing sectors.

    Panasonic Press Contact
    Lisbeth Lashmana
    Head of European Marketing, Panasonic TOUGHBOOK
    Lisbeth.Lashmana@eu.panasonic.com

    Panasonic Press Contact
    Jim Pople
    C8 Consulting
    jim@c8consulting.co.uk

    About the Panasonic Group
    Founded in 1918, and today a global leader in developing innovative technologies and solutions for wide-ranging applications in the consumer electronics, housing, devices, B2B solutions and energy sectors worldwide, the Panasonic Group switched to an operating company system on April 1, 2022, with Panasonic Holdings Corporation serving as a holding company. The Group reported consolidated net sales of Euro 51.6 billion (8,458.2 billion yen) for the year ended March 31, 2025. To learn more about the Panasonic Group, please visit: https://holdings.panasonic/global/

    About Panasonic Connect Europe GmbH
    Panasonic Connect Europe began operations on October 1st, 2021, creating a new Business-to-Business focused and agile organisation. With more than 400 employees and led by CEO Shusuke Aoki, the business aims to contribute to the success of its customers with innovative products and integrated systems and services – all designed to deliver its vision to Change Work, Advance Society and Connect to Tomorrow.

    Panasonic Connect Europe is headquartered in Wiesbaden and consist of the following business units: 

    • The Mobile Solutions Business Division helping mobile workers improve productivity with its range of Toughbook rugged notebooks, business tablets and handhelds.
    • The Media Entertainment Business Division incorporating Visual System Solutions offering a range of high brightness and reliable projectors as well as high quality displays; and Broadcast & ProAV offering Smart Live Production solutions from an end-to-end portfolio consisting of PTZ and system cameras, camcorders, the Kairos IT/IP platform, switchers and robotic solutions that are widely used for live event capture, sports production, television, and xR studios.
    • Business and Industry Solutions delivering tailored technology solutions focused on Retail, Logistics and Manufacturing. Designed to increase operational efficiency and enhance customer experience, helping businesses to perform at their best, every day.
    • Panasonic Factory Solutions Europe selling a wide range of smart factory solutions including electronics manufacturing solutions, robot and welding systems and software solutions engineering.

    For more information please visit: https://eu.connect.panasonic.com

    Please visit Panasonic Connect Europe’s LinkedIn page: https://www.linkedin.com/company/panasonic-connect-europe/

    The MIL Network –

    July 23, 2025
  • MIL-Evening Report: Childcare centres will have funding stripped if they’re not ‘up to scratch’. Is this enough?

    Source: The Conversation (Au and NZ) – By Erin Harper, Lecturer, School of Education and Social Work, University of Sydney

    Maskot/Getty Images

    Childcare centres will lose their eligibility for fee subsidies if they don’t meet safety standards, according to a new bill introduced to parliament on Wednesday.

    As Education Minister Jason Clare told parliament:

    it will give us the power to cut off funding to childcare centres that aren’t up to scratch.

    The bill follows recent allegations a Victorian childcare worker abused children in his care. There have also been allegations of abuse in centres in New South Wales and Queensland. Labor has warned lower house MPs it can expect late nights next week, to try to get this bill and the governments’ plan to cut HELP debts through parliament.

    What’s in the bill? What does it mean for families? And what’s missing?

    What’s in the bill?

    Clare told parliament the federal government’s childcare subsidy currently covers about 70% of the average cost of running a centre.

    This legislation gives the federal education department the power to suspend or cancel that funding if a centre “is not meeting the quality, safety and other compliance requirements,” according to the national system of early childhood regulation.

    The department could also stop a childcare operator from opening a new service if there are problems with existing services.

    It applies to all types of early childhood services from daycare centres to family daycare, and also before and after school care.

    The federal education department will also have new powers to do spot checks in services (this is on top of state authorities who can already do checks).

    There are strong, new measures

    It is positive to see strengthened measures to take a providers’ track record into account before saying “yes you can open another service”. This is a slightly more proactive measure, in addition to punishments for services that do not comply.

    We are also seeing more transparency. The bill will provide new powers to publicise when a provider is refused approval for a new service.

    It can also publish other compliance action taken against providers, such as when conditions are applied – and the details of those conditions. Or if a fine has been imposed.

    This means families and the broader public – including any shareholders – will also be more aware of what is going on in childcare services.

    Is this enough?

    While the Coalition and the Greens are broadly supportive of the bill, they also want to see further changes.

    Clare told parliament the bill is not the only measure the federal government was making around childcare standards.

    State and federal education ministers are due to meet next month to discuss child safety. This includes a national register to track early childhood workers from centre to centre, mandatory “child safety training”, CCTV for centres and other recommendations from the recent Wheeler review on the NSW early childhood sector.

    Attorneys general will also meet next month to discuss how to improve working with children checks.




    Read more:
    What are working with children checks? Why aren’t they keeping kids safe at daycare?


    What about the impact on families?

    We also need to think about the practical consequences of the bill. If the childcare subsidy was removed from any service – whether they are private or not-for-profit – they would quickly become unviable.

    Without the subsidy (which reduces out-of-pocket costs for parents), many families would not be able to afford childcare.

    If a service is going to have access to the subsidy taken away, how much notice should families get? These details need thoughtful consideration.

    If the federal education department is going to have a team of people doing checks on services, we also need to ask, how will this work? How quickly will they be able to do these checks? One of the issues with the current system is there are long delays between assessments. This suggests it will need careful planning and it will also cost some money.

    The bigger picture

    Beyond these questions, there is the bigger picture of childcare quality in Australia. The system is complex but people who educate and care for children are at the heart of it.

    My recent research has revealed educators are only spending 30% of their time on undistracted and uninterrupted time with children. This is due to the heavy and sometimes competing demands of their work, including administrative and cleaning duties. Educators say this diminishes their capacity to provide quality education and care.

    Heavy and distracting workloads, along with widespread reports of understaffing and breaches to minimum staff-to-child ratios, makes it difficult for educators to keep children safe.

    So meaningful reform must consider educators’ experiences, and include strategies to increase support for educators to do their jobs well.

    Erin Harper 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. Childcare centres will have funding stripped if they’re not ‘up to scratch’. Is this enough? – https://theconversation.com/childcare-centres-will-have-funding-stripped-if-theyre-not-up-to-scratch-is-this-enough-261761

    MIL OSI Analysis – EveningReport.nz –

    July 23, 2025
  • MIL-OSI Africa: Central African Republic Innovates with Nature-Based Solutions and Reaffirms Commitment to Urban Climate Resilience

    Source: APO – Report:

    .

    The World Bank approved today an additional grant financing in the amount of $9.175 million (just over CFAF 5.3 billion) from the Global Environment Facility (GEF) for the Inclusive and Resilient Cities Project in the Central African Republic (PROVIR). This additional financing aims to improve access to climate-resilient infrastructure in the cities of Bangui and Berbérati by financing Nature-based Solutions, including the regeneration of urban forests and the planting of avenues and public spaces.

    With this funding, about 300,000 people in Bangui and Berberati—including vulnerable groups such as refugees, internally displaced persons, returnees, women, and youth—will benefit from improved living conditions with improved access to flood-safe and erosion-protected infrastructure.

    “The Central African Republic, which is ranked second in the world in terms of high vulnerability to climate change, is exposed to numerous natural disaster risks exacerbated by deforestation and climate change,” said Guido Rurangwa, World Bank Country Manager for the Central African Republic. “Nature-based solutions have great potential for the country. By combining these with grey infrastructure in Bangui and Berberati, they will increase rainwater retention capacity, reducing the risk of flooding and soil erosion. Their multi-purpose nature will also provide many livelihood opportunities ranging from forest products to fishing opportunities.”

    PROVIR is part of the World Bank’s programmatic support to the urban development sector in the Central African Republic and adopts an integrated approach. It supports the World Bank Group’s climate change and resilience agenda, including the Climate Change Action Plan (2021-2025), which aims to promote green, resilient, and inclusive development and competitive cities.

    Project preparation benefited from technical assistance and grants from the Global Facility for Disaster Reduction and Recovery (GFDRR), City Climate Finance Gap Fund (Gap Fund), and NBS Invest.

    – on behalf of The World Bank Group.

    MIL OSI Africa –

    July 23, 2025
  • MIL-OSI: Bitget Wallet Launches Sixth Fomo Thursdays With $6,666 Prize in SYRUP Tokens

    Source: GlobeNewswire (MIL-OSI)

    SAN SALVADOR, El Salvador, July 23, 2025 (GLOBE NEWSWIRE) — Bitget Wallet, the leading non-custodial crypto wallet, has launched the sixth edition of its Fomo Thursdays weekly staking event, featuring SYRUP, the native token of Maple Finance. This week’s prize pool includes 228,000 SYRUP tokens and a top reward of $6,666 equivalent in SYRUP, with 120,000 entry slots.

    Fomo Thursdays is Bitget Wallet’s weekly staking-based token distribution series designed to simplify onchain participation. Users stake $10 USDT to receive a randomized scratch card and can claim their full stake back after the event. All rewards are distributed via smart contracts, removing the need for point systems or trading requirements. A new “Super Draw” mechanism has been introduced for this round. The top prize winner must claim within 24 hours or the $6,666 reward will be redistributed through community giveaways.

    Maple Finance is an institutional DeFi protocol focused on credit markets, providing onchain capital for undercollateralized lending. With the launch of its SYRUP token, the platform is expanding access to yield and governance participation. As the DeFi sector increasingly seeks scalable credit infrastructure, Maple has positioned itself to address institutional capital needs onchain. SYRUP is expected to play a central role in aligning incentives across borrowers, lenders, and protocol stakeholders.

    “We see growing interest in real-world use cases and institutional DeFi,” said Jamie Elkaleh, CMO of Bitget Wallet. “Featuring SYRUP on Fomo Thursdays bridges access to the credit-focused Maple ecosystem while maintaining a simple, wallet-native user experience.”

    The staking window opens July 23 at 13:00 UTC and ends July 24 at 13:00 UTC. Token rewards and USDT refunds will be claimable starting July 24 at 14:00 UTC via the Bitget Wallet app.

    For more information, visit the Bitget Wallet official channels.

    About Bitget Wallet
    Bitget Wallet is a non-custodial crypto wallet designed to make crypto simple and secure for everyone. With over 80 million users, it brings together a full suite of crypto services, including swaps, market insights, staking, rewards, DApp exploration, and payment solutions. Supporting 130+ blockchains and millions of tokens, Bitget Wallet enables seamless multi-chain trading across hundreds of DEXs and cross-chain bridges. Backed by a $300+ million user protection fund, it ensures the highest level of security for users’ assets. Its vision is Crypto for Everyone — to make crypto simpler, safer, and part of everyday life for a billion people.

    For more information, visit: X | Telegram | Instagram | YouTube | LinkedIn | TikTok | Discord | Facebook

    For media inquiries, contact media.web3@bitget.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/4e5ce936-369f-41ae-916e-0f00f253c78e

    The MIL Network –

    July 23, 2025
  • MIL-OSI: Bitget Wallet Launches Sixth Fomo Thursdays With $6,666 Prize in SYRUP Tokens

    Source: GlobeNewswire (MIL-OSI)

    SAN SALVADOR, El Salvador, July 23, 2025 (GLOBE NEWSWIRE) — Bitget Wallet, the leading non-custodial crypto wallet, has launched the sixth edition of its Fomo Thursdays weekly staking event, featuring SYRUP, the native token of Maple Finance. This week’s prize pool includes 228,000 SYRUP tokens and a top reward of $6,666 equivalent in SYRUP, with 120,000 entry slots.

    Fomo Thursdays is Bitget Wallet’s weekly staking-based token distribution series designed to simplify onchain participation. Users stake $10 USDT to receive a randomized scratch card and can claim their full stake back after the event. All rewards are distributed via smart contracts, removing the need for point systems or trading requirements. A new “Super Draw” mechanism has been introduced for this round. The top prize winner must claim within 24 hours or the $6,666 reward will be redistributed through community giveaways.

    Maple Finance is an institutional DeFi protocol focused on credit markets, providing onchain capital for undercollateralized lending. With the launch of its SYRUP token, the platform is expanding access to yield and governance participation. As the DeFi sector increasingly seeks scalable credit infrastructure, Maple has positioned itself to address institutional capital needs onchain. SYRUP is expected to play a central role in aligning incentives across borrowers, lenders, and protocol stakeholders.

    “We see growing interest in real-world use cases and institutional DeFi,” said Jamie Elkaleh, CMO of Bitget Wallet. “Featuring SYRUP on Fomo Thursdays bridges access to the credit-focused Maple ecosystem while maintaining a simple, wallet-native user experience.”

    The staking window opens July 23 at 13:00 UTC and ends July 24 at 13:00 UTC. Token rewards and USDT refunds will be claimable starting July 24 at 14:00 UTC via the Bitget Wallet app.

    For more information, visit the Bitget Wallet official channels.

    About Bitget Wallet
    Bitget Wallet is a non-custodial crypto wallet designed to make crypto simple and secure for everyone. With over 80 million users, it brings together a full suite of crypto services, including swaps, market insights, staking, rewards, DApp exploration, and payment solutions. Supporting 130+ blockchains and millions of tokens, Bitget Wallet enables seamless multi-chain trading across hundreds of DEXs and cross-chain bridges. Backed by a $300+ million user protection fund, it ensures the highest level of security for users’ assets. Its vision is Crypto for Everyone — to make crypto simpler, safer, and part of everyday life for a billion people.

    For more information, visit: X | Telegram | Instagram | YouTube | LinkedIn | TikTok | Discord | Facebook

    For media inquiries, contact media.web3@bitget.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/4e5ce936-369f-41ae-916e-0f00f253c78e

    The MIL Network –

    July 23, 2025
  • MIL-OSI: Dentsu Expands Partnership with Magnite to Streamline CTV and Video Activation Across EMEA

    Source: GlobeNewswire (MIL-OSI)

    LONDON, July 23, 2025 (GLOBE NEWSWIRE) — Magnite (NASDAQ: MGNI), the largest independent sell-side advertising company, has announced a strategic partnership with dentsu in EMEA to accelerate innovation and performance across the media supply chain. Dentsu is tapping into Magnite’s built-for-video tools and technology to power dentsu Total TV and support its ambition to lead in the “Algorithmic Era” of advertising, where interoperability, automation and outcome-driven planning are key.

    Across multiple EMEA markets, including Spain and the UK, the Magnite SpringServe video platform is empowering dentsu with more efficient, data-rich connections to inventory, enabling them to curate premium media experiences with greater precision, transparency and scale. From video and CTV to emerging formats, the partnership reflects a shared commitment to evolving how media is deployed and optimised, with client performance at the centre.

    “Our relationship with dentsu is a great example of how technology and collaboration can unlock real value,” said Julie Selman, SVP, Head of EMEA at Magnite. “We’re proud to support dentsu’s vision for the future by providing the tools and insights needed to deliver stronger results and a more efficient media experience for clients and publishers alike.”

    “In this new era of advertising, media must work harder, smarter and faster,” said Ben Angove, President, Amplifi EMEA & Chief Strategy Officer, Amplifi Global at dentsu. “At dentsu, we are committed to building Next Gen media solutions in partnership with best-in-class technologies that ultimately enable our clients to win and grow in the Algorithmic Era. Our partnership with Magnite gives us the tools to do just that – connecting the right data with the right inventory to drive better results for our clients across the region.”

    Magnite’s technology plays a key role in helping dentsu move beyond transactional media buying, towards a more curated, high-performance approach. The collaboration helps dentsu gain greater visibility and control of their media buys, enabling more intelligent decision-making and unlocking new opportunities for optimisation across the media ecosystem.

    Press contact
    Paige Brewer, Account Executive, Bluestripe Group
    magnite@bluestripegroup.co.uk

    About Magnite
    We’re Magnite (NASDAQ: MGNI), the world’s largest independent sell-side advertising company. Publishers use our technology to monetize their content across all screens and formats including CTV, online video, display, and audio. The world’s leading agencies and brands trust our platform to access brand-safe, high-quality ad inventory and execute billions of advertising transactions each month. Anchored in bustling New York City, sunny Los Angeles, mile high Denver, historic London, colorful Singapore, and down under in Sydney, Magnite has offices across North America, EMEA, LATAM, and APAC.

    The MIL Network –

    July 23, 2025
  • MIL-OSI: 21Shares Partners with Societe Generale to Expand Institutional Access to Crypto ETPs in Europe

    Source: GlobeNewswire (MIL-OSI)

    Societe Generale to act as market maker for 21Shares’ Bitcoin and Ethereum ETPs on key German and Eastern Europe fund platforms, expanding institutional access to crypto

    Zurich, 23 July 2025 – 21Shares AG, one of the world’s leading issuers of cryptocurrency exchange-traded products (ETPs), is pleased to announce it has entered into an ETP market making fund platform agreement with Societe Generale, a leading institutional player in exchange traded products, to enhance liquidity across 21Shares ETPs on fund platforms for investors in Germany and Eastern Europe.

    As part of the agreement, Societe Generale will support the trading of 21Shares’ Bitcoin and Ethereum ETPs (ABTC, CBTC, AETH, CETH) by providing over-the-counter liquidity on key fund platforms in Germany and Eastern Europe. These platforms, typically operated by major financial institutions, serve as critical infrastructure for institutional trading. By joining these platforms, where Societe Generale acts as a market maker, 21Shares’ flagship crypto products will now be accessible to a wider base of professional investors, expanding institutional reach across Germany and Eastern Europe.

    “We are thrilled to partner with Societe Generale, a major player in the European ETF space, as we continue to expand access to our ETPs,” said Alistair Byas-Perry, Global Head of Capital Markets & EMEA Investment at 21Shares. “By bringing liquidity to our Bitcoin and Ethereum ETPs, Societe Generale is helping us advance our mission to deliver the most efficient and trusted crypto investment solutions to the market.”

    “Societe Generale is excited to partner with 21Shares, a leading provider of cryptocurrency ETPs, to support the trading of their Bitcoin and Ethereum ETPs on fund platforms. This marks a significant milestone in our commitment to providing innovative liquidity solutions and enhancing access to a wide range of ETFs and ETPs for our clients,” said Martina Schroettle, Head of ETF Sales Trading UK at Societe Generale.

    The partnership is expected to enhance liquidity, execution quality, and ease of access for German and Eastern European institutional investors navigating the digital asset market.

    For more information on 21Shares’ full product suite, visit www.21shares.com.

    Notes to editors

    About 21Shares

    21Shares is one of the world’s leading cryptocurrency exchange traded product providers and offers the largest suite of crypto ETPs in the market. The company was founded to make cryptocurrency more accessible to investors, and to bridge the gap between traditional finance and decentralized finance. 21Shares listed the world’s first physically-backed crypto ETP in 2018, building a seven-year track record of creating crypto exchange-traded funds that are listed on some of the biggest, most liquid securities exchanges globally. Backed by a specialised research team, proprietary technology, and deep capital markets expertise, 21Shares delivers innovative, simple and cost-efficient investment solutions.

    21Shares is a member of 21.co, a global leader in decentralized finance. For more information, please visit www.21Shares.com.

    Media Contact
    Matteo Valli
    matteo.valli@21shares.com

    DISCLAIMER

    This document is not an offer to sell or a solicitation of an offer to buy or subscribe for securities of 21Shares AG in any jurisdiction. Neither this document nor anything contained herein shall form the basis of, or be relied upon in connection with, any offer or commitment whatsoever or for any other purpose in any jurisdiction. Nothing in this document should be considered investment advice.

    This document and the information contained herein are not for distribution in or into (directly or indirectly) the United States, Canada, Australia or Japan or any other jurisdiction in which the distribution or release would be unlawful.

    This document does not constitute an offer of securities for sale in or into the United States, Canada, Australia or Japan. The securities of 21Shares AG to which these materials relate have not been and will not be registered under the United States Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold in the United States absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. There will not be a public offering of securities in the United States. Neither the US Securities and Exchange Commission nor any securities regulatory authority of any state or other jurisdiction of the United States has approved or disapproved of an investment in the securities or passed on the accuracy or adequacy of the contents of this presentation. Any representation to the contrary is a criminal offence in the United States.

    Within the United Kingdom, this document is only being distributed to and is only directed at: (i) to investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”); or (ii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as “relevant persons”); or (iii) persons who fall within Article 43(2) of the Order, including existing members and creditors of the Company or (iv) any other persons to whom this document can be lawfully distributed in circumstances where section 21(1) of the FSMA does not apply. The securities are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents.

    Exclusively for potential investors in any EEA Member State that has implemented the Prospectus Regulation (EU) 2017/1129 the Issuer’s Base Prospectus (EU) is made available on the Issuer’s website under www.21Shares.com.

    The approval of the Issuer’s Base Prospectus (EU) should not be understood as an endorsement by the SFSA of the securities offered or admitted to trading on a regulated market. Eligible potential investors should read the Issuer’s Base Prospectus (EU) and the relevant Final Terms before making an investment decision in order to understand the potential risks associated with the decision to invest in the securities. You are about to purchase a product that is not simple and may be difficult to understand.

    This document constitutes advertisement within the meaning of the Prospectus Regulation (EU) 2017/1129 and the Swiss Financial Services Act (the “FinSA”) and not a prospectus. The 2024 Base Prospectus of 21Shares AG has been deposited pursuant to article 54(2) FinSA with BX Swiss AG in its function as Swiss prospectus review body within the meaning of article 52 FinSA. The 2024 Base Prospectus and the key information document for any products may be obtained at 21Shares AG’s website (https://21shares.com/ir/prospectus or https://21shares.com/ir/kids).

    ###

    The MIL Network –

    July 23, 2025
  • MIL-OSI Russia: The 15th China-Northeast Asia Expo will be held in Changchun

    Translation. Region: Russian Federal

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

    An important disclaimer is at the bottom of this article.

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

    BEIJING, July 23 (Xinhua) — The 15th China-Northeast Asia Expo will be held in Changchun, northeast China’s Jilin Province, from August 27 to 31, 2025, the Ministry of Commerce of the People’s Republic of China announced at a press conference on Tuesday.

    As it became known, four main thematic pavilions will be opened at the EXPO this year, including the pavilion of modern industry, the pavilion of open cooperation, the pavilion of new types of consumption and new services, the pavilion of international goods and goods from Hong Kong, Macao and Taiwan.

    The EXPO will also host business-to-business events, such as a roundtable on local cooperation in Northeast Asia, Russian Business Day, etc.

    To date, more than 8,000 businessmen from 42 countries and regions of the world, as well as 27 provinces, autonomous regions and municipalities directly under the central government of China have confirmed their participation in the Expo, said Yang Andi, vice-chairman of the people’s government of Jilin Province.

    The China-Northeast Asia Expo has been held annually since the first event was held in 2005, and has become an important platform for reaching consensus and implementing trade and economic cooperation in the Northeast Asian region. -0-

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

    .

    MIL OSI Russia News –

    July 23, 2025
  • MIL-OSI United Kingdom: New Silvertown Tunnel has significantly cut congestion in east and south-east London, reducing journey times on approach roads by as much as 70 per cent in the morning peak, and boosting public transport uptake in the capital

    Source: Mayor of London

    • Latest Transport for London (TfL) monitoring data confirms the new Silvertown Tunnel is a huge success for Londoners with eased congestion, increased public transport use and improved journeys for all
    • Since the new tunnel opened on 7 April this year, on budget and on time, there is significantly less congestion around the approaches to the Blackwall Tunnel during peak morning travel hours
    • Londoners using the previously congested northbound A102 approach to the tunnels have seen a 70 per cent decrease in their journey times in the morning peak when compared to the month prior to the Silvertown Tunnel opening
    • New figures also show a huge boost in number of Londoners choosing to take public transport with improved reliability and services seeing more than 20,000 daily trips on the three zero-emission bus routes serving the Blackwall and Silvertown tunnels – an increase of 160 per cent
    • Discounted travel and public transport concessions introduced by the Mayor of London and TfL are working to better connect communities to jobs, opportunities, homes and leisure

    New data published today by Transport for London (TfL) shows that the Silvertown Tunnel is easing congestion for Londoners, boosting public transport use and improving journeys for everyone [1].

    Delivered on time and on budget by the Mayor of London, Sadiq Khan, the 1.4km Tunnel – which opened on 7 April this year and connects Silvertown to the Greenwich Peninsula in east London – is the first new road crossing east of London’s Tower Bridge in 33 years.

    Latest monitoring data from three months of operations has confirmed that the Tunnel is achieving the objectives it was designed for. These include supporting economic and population growth, in particular in east and south-east London, by providing improved cross-river transport links, and, through road user charging, managing congestion in this area of London.

    The report shows that, since the tunnel’s opening just over three months ago, the performance of the road network has improved and there is significantly less congestion around the Blackwall Tunnel approaches. This is particularly noticeable on the northbound A102 approach to the tunnels which was previously a hotspot for congestion. Now, during weekday morning peak hours, average speeds on the approach road have increased from 9mph in March 2025 – prior to the tunnel opening – to 30mph. These faster journeys mean that there has also been a 70 per cent decrease in journey times in the morning peak when compared with before the Silvertown Tunnel opened (March 2025).

    Currently, there are around 91,000 vehicles using the Blackwall and Silvertown tunnels combined in both directions on a typical weekday, with almost 22,000 of these vehicles using the Silvertown Tunnel.​ It compares with around 96,000 vehicles per day using the Blackwall Tunnel before the Silvertown Tunnel opened – this is a reduction of six per cent despite a 50 per cent increase in road capacity for cars and vans.​ Of all the vehicles crossing the river at this point, only around four per cent are HGVs.

    The data published today covers the first 11 weeks of operation of the Silvertown Tunnel. TfL will continue to closely monitor and report on the scheme’s impact on congestion, resilience and air quality, in line with their obligations under the Development Consent Order for the scheme’s construction.

    The additional resilience that the new crossing provides is directly benefiting Londoners, especially when an incident occurs at the Blackwall Tunnel. Before the Silvertown Tunnel opened, daily incidents and closures caused delays of up to 20 minutes – a six-minute closure could result in three-mile tailbacks.

    There has been a 39 per cent reduction in the number of unplanned closures at the Blackwall Tunnel since the Silvertown Tunnel opened. When the Blackwall Tunnel was closed in both directions on 14 May due to a road traffic incident, there was minimal impact to traffic flow because drivers were able to use the Silvertown Tunnel, demonstrating the additional resilience that the new tunnel provides to the road network.

    Use of bus services operating through the Blackwall and Silvertown Tunnels has also increased. 

    Now, almost one in ten (nine per cent) cross-river trips through the two tunnels are being made by public transport. With new double-deck, zero-emission buses running through the Silvertown Tunnel and making use of the dedicated bus and HGV lane, more than 20,000 journeys are being made each day across new route SL4, the extended 129 and the existing 108 service, an increase of 160 per cent compared to before the scheme opened. It is estimated that around 7,000 of these journeys, which are free on pay as you go for at least the first 12 months, are crossing the river using one of the tunnels.

    In particular, Londoners who use the route 108 bus between Stratford International and Lewisham via the Blackwall Tunnel are experiencing around 23 per cent less excess waiting time – the average time passengers wait beyond the scheduled wait time – compared to the period before the Silvertown Tunnel opened, while peak northbound journey times on route 108 through the tunnel segment have reduced by 4.5 minutes. [2]

    These bus routes are working alongside a free cycle shuttle service between North Greenwich and Royal Docks. Data on use of the cycle shuttle service shows steady demand of around 125-130 cyclists daily, and usage is expected to grow as cyclists plan and adapt their routes to benefit from this innovative and free crossing option. TfL will continue working with boroughs and local stakeholders to raise awareness of the service over the summer months to encourage greater uptake.

    Across the wider road network, early analysis from the data released today shows that total traffic volumes – including on key corridors such as the A2, A12, and A13 – have remained stable and TfL is working closely to manage additional customers using the Woolwich Ferry.

    As the strategic river crossing in east London, the Blackwall and Silvertown tunnels corridor continues to carry the majority of cross-river traffic in east London as expected. Today’s new data shows that eligible TfL customers are signing up for discounts to use the Silvertown Tunnel, including the business discount for host boroughs (Greenwich, Newham and Tower Hamlets) and the east London low-income residents’ discount. [3]

    The Mayor of London, Sadiq Khan, said: “The new data TfL has published today clearly demonstrates the impact the new Silvertown Tunnel is having. It’s a big win for London. Since it opened in April, we have seen congestion significantly reduced at the Blackwall Tunnel, ensuring more Londoners get to their destination on time. The discounts and concessions we have put in place have also helped to encourage public transport uptake, boosting the numbers of journeys being made on the three cross-river zero-emission bus routes by 160 per cent.

    “This is encouraging early data, and we will continue to monitor the impacts of the scheme as we continue to build a better, greener and fairer London for everyone.”

    Alex Williams, Chief Customer and Strategy Officer at TfL, said: “It’s great to see that our initial analysis is showing that the new Silvertown Tunnel, supported by user charges, is already reducing congestion around the Blackwall Tunnel, improving journey times, and supporting thousands of Londoners to cross the river using public transport such as the free bus services that the tunnel facilitates.

    “We are fully committed to monitoring the impact of the tunnels, including how it impacts other river crossings and traffic along major and local roads in London, and will work hard to ensure that the benefits of the scheme are embedded to secure long-term improvements for Londoners.”

    Suzi Rullo, Senior Development Manager, Royal Docks Team, said: “The opening of the Silvertown Tunnel provides a significant boost to infrastructure in the Royal Docks – enhancing bus services, improving cycle access via the Lower Lea Crossing and delivering major upgrades to the road network around the Tidal Basin Roundabout. These new connections add to the Royal Docks excellent transport links – the Elizabeth Line, Jubilee Line, DLR and the Royal Docks Corridor road improvement initiative – helping to drive growth and unlock investment across the area.

    “As the tunnel’s construction works have completed, we are now working with TFL to release the land back to landowners in preparation for development of the Thameside West planning consent – set to deliver 5,000 new homes, strategic industrial land and a new DLR station.”

    Muniya Barua, Deputy Chief Executive at BusinessLDN, said: “It’s positive to see the Silvertown Tunnel already helping to improve journey times and reduce congestion only a few months after opening. The project shows what’s possible when the public and private sectors work in partnership to deliver vital infrastructure.

    MIL OSI United Kingdom –

    July 23, 2025
  • Nifty, Sensex open with gains on US-Japan trade deal optimism

    Source: Government of India

    Source: Government of India (4)

    Indian stock markets continued their upward momentum on Wednesday, with both key indices, the Nifty 50 and the BSE Sensex, posting early gains.

    This positive movement came as investor confidence received a major boost following the recent trade agreement between the United States and Japan.

    The Nifty 50 index opened at 25,138.50, registering a gain of 77.60 points or 0.31 per cent. Similarly, the BSE Sensex began the day on a stronger note at 82,429.66, rising by 242.85 points or 0.30 per cent.

    Experts attributed the bullish sentiment to the recent US-Japan deal, which settled tariffs at 15 per cent on Japanese goods, instead of the previously feared 25 per cent. This has lifted investor morale across Asian markets.

    Ajay Bagga, Banking and Market Expert, told ANI, “Indian markets have held key support levels despite the twin headwinds of tariff uncertainty and weak earnings. The Japan deal raises hopes for a US-India deal in the ballpark 15 per cent range. That could be a huge catalyst for short covering and could lead to a regaining of the September 2024 all-time highs in the Indian markets. Today is promising to be a positive day, with massive inflows from DIIs countering the continued FPI outflows.”

    The US-Japan deal is expected to lead to a short squeeze in Japan, with Japanese automaker stocks reportedly rising as much as 15 per cent in early Tokyo trade.

    The market now anticipates that similar deals may be announced with other major economies such as the EU and India, providing further support to global equity markets.

    Despite the positive open, technical analysts remained cautious. Akshay Chinchalkar, Head of Research at Axis Securities, noted, “The Nifty ended down 30 points to close at 25,061. Technically speaking, the market did break above the first hurdle at 25,144 yesterday but wasn’t able to close above it, and that’s not a good sign. To reiterate, unless we break 25,340 on a closing basis, bulls have very little going for them from these levels. Asian cues are positive due to Japan securing a trade deal with the US.”

    In the broader market, indices on the NSE showed mixed trends. The Nifty 100 was up by 0.15 per cent, while the Nifty 200 gained 0.10 per cent. However, the Nifty Midcap index fell by 0.14 per cent, and the Nifty Smallcap 100 declined by 0.33 per cent.

    Sector wise performance was also mixed. The Nifty Auto index surged by 1 per cent, supported by gains in Japanese automobile stocks. Nifty Metal gained 0.36 per cent, while Nifty PSU Bank posted a 0.16 per cent increase. On the downside, the Nifty FMCG, IT, and Media indices registered losses.

    Commenting on the technical outlook, Vikram Kasat, Head, Advisory, PL Capital said, “The tug of war between the bulls and the bears continues. Nifty is failing to cross and sustain above the 40HEMA, which has now moved lower to 25,104. Sustaining above the 40HEMA and closing above the high hourly high of 25,182 can hint towards a trend reversal as it would reinforce a higher top, higher bottom formation. The low of 24,882 will be an important support level.”

    As the markets digest the implications of the US-Japan deal, all eyes are now on potential trade developments involving India, which could serve as a further trigger for the next leg of the market rally.

    (ANI)

    July 23, 2025
  • MIL-OSI Banking: Secretary-General of ASEAN meets with ASEAN Committee in Beijing

    Source: ASEAN

    Secretary-General of ASEAN, Dr. Kao Kim Hourn, today met with the ASEAN Committee in Beijing (ACB).

    The working lunch provided an opportunity for SG Dr. Kao to brief the ACB on recent developments in ASEAN and in ASEAN-China relations. SG Dr. Kao and the Committee also exchanged views on key regional developments and the role of the ACB in supporting ASEAN’s interest and visibility in China. SG Dr. Kao expressed appreciation for the ACB’s continued efforts to promote ASEAN awareness and enhance coordination among ASEAN Member States’ diplomatic missions in Beijing.

    The post Secretary-General of ASEAN meets with ASEAN Committee in Beijing appeared first on ASEAN Main Portal.

    MIL OSI Global Banks –

    July 23, 2025
  • MIL-OSI Asia-Pac: Singapore And Malaysia Strengthen Joint Emergency Response To Chemical Spills

    Source: Government of Singapore

    14th chemical emergency response exercise conducted as part of the bilateral co-operation under the Malaysia-Singapore Joint Committee on the Environment (MSJCE)

    JOINT NEWS RELEASE BETWEEN NEA AND DOE

    Singapore, 23 July 2025 – The National Environment Agency (NEA), Singapore and the Department of Environment (DOE), Malaysia, successfully conducted the 14th chemical emergency response exercise at the Tuas Second Link this morning, sharpening the inter-operability between the two countries to respond to and mitigate chemical spillage incidents. A total of 15 agencies and companies from both countries were involved in the exercise [1].

    2               The Malaysia-Singapore Joint Committee on the Environment (MSJCE) conducts a biennial exercise to test the effectiveness of the Joint Emergency Response Plan developed by NEA, DOE, and other relevant agencies for dealing with accidental hazardous chemical releases on the Tuas Second Link [2]. These exercises strengthen the emergency response capabilities of the respective agencies, ensuring that they are prepared to take swift and effective action to protect the public’s safety should such an accident occur.

    3               Today’s exercise simulated an emergency response to hazardous chemicals being released as a result of a multi-vehicle accident along the Tuas Second Link [3]. In the simulated scenario, a truck transporting drums of concentrated sodium hydroxide swerved sideways into an International Organisation for Standardization (ISO) tanker transporting anhydrous ammonia from Singapore to the Pasir Gudang Industrial Area, Malaysia. Unable to avoid the sudden collision, a car then crashed into the truck. The impact caused two drums of concentrated sodium hydroxide to be dislodged and the chemical to be spilled. The ISO tank was punctured, releasing about 400kg of ammonia gas into the surroundings. The drivers of both the ISO tanker and truck suffered injuries and showed signs of ammonia exposure – coughing and irritation to the eyes, nose and throat. The driver of the car and the passenger were trapped in their vehicle with minor injuries.

    4               NEA Chief Executive Officer Mr Wong Kang Jet attributed the success of the exercise to the longstanding and strong bilateral relations between Singapore and Malaysia. “This joint chemical spill exercise has enabled Singapore and Malaysia agencies to further strengthen our cooperation on environmental matters. This exercise is part of a broader set of collaboration that also includes joint regular water quality monitoring along the Straits of Johor as well as workshops to exchange ideas and share expertise. All in, around 500 participants from across 15 agencies from both countries helped with this morning’s exercise. We also had the opportunity to test out newer technologies such as SCDF’s robotic dog, as well as BOMBA’s Long Range Gas Detector. These innovations allow us to monitor the air quality in the incident area in a safer way. The completion of this exercise has also given us greater confidence that we can manage an accident along the Second Link, as well as any other environmental incident with cross border impact. We look forward to strengthening this partnership as well as to explore new opportunities to further increase our collective readiness.”

    5               Director General of the Department of Environment, Dato’ Wan Abdul Latiff Wan Jaffar, stated: “I believe in the strong commitment and collaboration between agencies of both countries in ensuring the success of this exercise, and I am confident that it will continue in the future. This cooperation reflects our level of preparedness in responding to any unforeseen incidents”. The Department of Environment is also committed to strengthening inter-agency collaboration within Malaysia through the delegation of power, which was gazetted on 7 July 2025. This delegation reinforces the roles and functions of 15 agencies, supporting more efficient and comprehensive task execution. This move not only allows for more effective use of resources but also serves as a strategic approach to addressing current challenges, while maintaining integrity and public confidence in the country’s environmental regulatory system.

    6               To facilitate the exercise, all three lanes on the Singapore to Malaysia-bound carriageway on the Tuas Second Link were closed to vehicular traffic on 23 July 2025, from 5am and will reopen at 2pm. We thank motorists and any affected travellers for their patience and understanding.

     

    ——————

    [1] Please refer to Annex A for more information on the MSJCE and the exercise participants.

    [2] To date, there has been no accident involving the transportation of hazardous chemicals on the Tuas Second Link.

    [3] Please refer to Annex B for more information on anhydrous ammonia, concentrated sodium hydroxide, and ammonia gas.

    ~~ End ~~

    For more information, please submit your enquiries electronically via the Online Feedback Form or myENV mobile application.

    ANNEX A

    The Malaysia-Singapore Joint Committee on the Environment (MSJCE)

    Background

                The Tuas Second Link was opened on 2 January 1998. As part of the bilateral co-operation programme, the Malaysia-Singapore Joint Committee on the Environment (MSJCE) agreed that road transportation of hazardous chemicals between the two countries should be restricted to the Tuas Second Link. This has ensured that road tankers and vehicles carrying hazardous chemicals do not pass through congested and populated areas in Johor Bahru and Woodlands/Bukit Timah areas.

    2            Hazardous chemicals are often moved between the two countries. Common chemicals transported between the two countries include sulphuric acid, hydrochloric acid and sodium hydroxide. Considering the large amounts of chemicals transported via the Tuas Second Link, it is important to have in place response plans for any accidents or emergencies involving vehicles transporting hazardous chemicals.

    3            Under the auspices of the MSJCE, the Department of Environment (DOE), Malaysia, and the National Environment Agency (NEA), Singapore, together with other relevant agencies, jointly developed an Emergency Response Plan (ERP) to deal with accidents involving transportation of hazardous chemicals on the Tuas Second Link. The ERP comprises the following:

    a) a notification procedure to alert the two countries early on any incident involving release of hazardous chemicals occurring on the Tuas Second Link; and

    b) a response procedure to facilitate and co-ordinate emergency response actions by the agencies of both countries to control and mitigate a release of hazardous chemicals from incidents occurring on the Tuas Second Link.

    4          The ERP will enable emergency response agencies of both Malaysia and Singapore to take quick and effective response actions to minimise the consequences of an accident involving hazardous chemicals at the Tuas Second Link. To familiarise agencies from both countries with the ERP, DOE and NEA regularly conduct joint field exercises. Previous exercises are as follows:

    No. Date of Exercise Organised by
    1 22 Mar 2000 Malaysia: DOE
    2 10 May 2001 Singapore: NEA
    3 19 Dec 2002 Malaysia: DOE
    4 19 Feb 2004 Singapore: NEA
    5 10 Apr 2006 Malaysia: DOE
    6 2 Apr 2008 Singapore: NEA
    7 2 Dec 2009 Malaysia: DOE
    8 28 July 2011 Singapore: NEA
    9 29 Oct 2013 Malaysia: DOE
    10 14 May 2015 Singapore: NEA
    11 15 Nov 2017 Malaysia: DOE
    12 25 Sep 2019 Singapore: NEA
    13 26 Jul 2023 Malaysia: DOE

     

    Participating Agencies / Companies in the 14th Malaysia-Singapore Joint Emergency Exercise for Chemical Spill

    S/N Singapore
    1.
    2.
    3.
    4.
    Immigration and Checkpoints Authority (ICA)
    Singapore Civil Defence Force (SCDF)
    National Environment Agency (NEA)
    Pride-Chem Industries Pte Ltd
    S/N Malaysia
    1.
    2.
    3.
    4.
    5.
    6.
    7.
    8.
    9.
    10.
    11.
    Ministry of Home Affairs (KLN)
    Malaysian Border Control & Protection Agency (AKPS)
    Ministry of Health (KKM)
    Department of Environment (DOE)
    Fire and Rescue Department (BOMBA)
    Malaysian Highway Authority (LLM)
    Malaysia Road Transport Department (JPJ)
    Malaysia Immigration Department (JIM)
    PLUS Berhad
    Royal Malaysian Customs Department (JKDM)
    Royal Malaysian Police (PDRM)
     
    S/N Malaysia
    1.
    2.
    3.
    4.
    5.
    6.
    7.
    8.
    9.
    10.
    11.
    Ministry of Home Affairs (KLN)
    Malaysian Border Control & Protection Agency (AKPS)
    Ministry of Health (KKM)
    Department of Environment (DOE)
    Fire and Rescue Department (BOMBA)
    Malaysian Highway Authority (LLM)
    Malaysia Road Transport Department (JPJ)
    Malaysia Immigration Department (JIM)
    PLUS Berhad
    Royal Malaysian Customs Department (JKDM)
    Royal Malaysian Police (PDRM)
     

     

    ANNEX B

    Information on the Chemicals

    Information on Anhydrous Ammonia
    Physical Description
    ·       Colourless liquefied gas.
    ·       Has a stinging odour and is not flammable.
     
    Health Hazard
    ·       Inhalation may cause severe irritation or burn of the nose, throat and respiratory tract.
    ·       Corrosive to the skin and can cause burns.
    ·       May cause serious eye damage when in contact with the eye.
    ·       Ingestion may be fatal, cause burns and corrosion, severe pain in the throat, esophagus, and stomach.
     
    Industrial Uses
    ·       Commonly used to make fertilisers, household cleaning products and refrigerant recirculating fluid.
    ·       It is also used in many soldering machines for the manufacturing of jewellery.
    Information on Concentrated Sodium Hydroxide
    Physical Description
    ·       Colourless liquid.
    ·       Odourless and not flammable.
     
    Health Hazard
    ·       Inhalation may cause burns of mucous membranes, cough, and shortness of breath.
    ·       May cause severe skin burns and eye damage when in contact with the eye.
    ·       Ingestion can cause severe burns of the mouth and throat, as well as the potential danger of perforation of the esophagus and stomach.
     
    Industrial Uses
    ·       Commonly used in paper manufacturing, chemical cellulose bleaching, chemical industry, petrochemical, textile industry and the making of soap and detergents.
    Information on Ammonia Gas
    Physical Description
    ·       Colourless gas.
    ·       Stinging odour.

    Health Hazard

    ·       May cause serious eye damage when in contact with the eyes.
     
    Industrial Uses
    ·       Commonly used in fertiliser production, chemical manufacturing, water treatment and fuel production.

    MIL OSI Asia Pacific News –

    July 23, 2025
  • MIL-OSI: RIBER: 2025 FIRST-HALF BUSINESS – FULL-YEAR REVENUES EXPECTED TO EXCEED €40M

    Source: GlobeNewswire (MIL-OSI)

    2025 FIRST-HALF BUSINESS

    FULL-YEAR REVENUES EXPECTED TO EXCEED €40M

    Bezons, July 23, 2025 – 8:00am – RIBER, the global leader in Molecular Beam Epitaxy (MBE) equipment for the semiconductor industry, reports its revenues for the first half of 2025.

    Business developments

    At June 30 (€m) 2025 2024 Change
    Systems 7.8 9.4 -17%
    Services and accessories 3.0 4.3 -31%
    Total half-year revenues 10.7 13.7 -22%

    In a complex international environment, RIBER continues to demonstrate the resilience of its business model and the appeal of its technology offering.

    The Company reiterates that its business activity is subject to seasonal trends, with revenue structurally lower in the first half of the year.

    As of June 30, 2025, first-half revenues amounted to €10.7m, down 22% compared with the same period in 2024.

    Systems revenues totaled €7.8m, down 17%, reflecting the delivery schedule agreed with customers for systems on order in 2025. This corresponds to the delivery of three machines, including two production systems, compared with three production systems in the same period last year.

    Revenues for services and accessories came to €3.0m, down 31%, primarily due to a temporary decline in research-related orders, particularly in the United States, against a backdrop of tighter budgets in universities and research laboratories.

    The geographical breakdown of half-year revenues was as follows: Europe (15%), Asia (70%) and North America (13%).

    Order book developments

    At June 30 (€m) 2025 2024 Change
    Systems 22.5 30.2 -25%
    Services and accessories 5.2 5.8 -11%
    Total order book 27.7 36.0 -23%

    Despite ongoing geopolitical tensions and regulatory constraints, RIBER maintained strong commercial momentum during the first half of 2025.
    The Company secured five new system orders, including the first order for ROSIE, its new 300 mm silicon photonics platform, which recently entered its industrialization phase.

    As of June 30, 2025, the systems order book stood at €22.5m, down 25% from the high base in the first half of 2024. It includes nine systems, of which six are production machines. This change is mainly due to the denial of two export licenses, representing €4m in unbooked orders, and longer license approval timelines, which delayed the booking of already-identified orders.

    The services and accessories order book is down 11% to €5.2m.

    Outlook

    RIBER anticipates an improvement in order intake during the second half of the year, driven by major global investment programs in the semiconductor industry.

    The Company also expects to benefit from the ramp-up of its ROSIE platform, a breakthrough technology in silicon-based integrated photonics. Following the signing of a strategic partnership with the Novo Nordisk Foundation Quantum Computing Programme (NQCP) and the first unit sale, RIBER aims to leverage growing interest from both research institutions and industrial players for solutions compatible with silicon fabrication lines.

    While short-term momentum in research-related services and accessories remains uncertain, the systems business is expected to remain broadly stable in 2025. These elements do not undermine the Company’s strong fundamentals.

    Given the current order book for delivery this year and the upcoming business opportunities, RIBER expects to generate full-year revenue of over €40m in 2025.

    Financial calendar

    First-half 2025 results will be published on September 25, 2025, before the start of trading.

    About RIBER

    Founded in 1964, RIBER is the global market leader for MBE – molecular beam epitaxy – equipment. It designs and produces equipment for the semiconductor industry and provides scientific and technical support for its clients (hardware and software), maintaining their equipment and optimizing their performance and output levels. Accelerating the performance of electronics, RIBER’s equipment performs an essential role in the development of advanced semiconductors that are used in numerous applications, from information technologies to photonics (lasers, sensors, etc.), 5G telecommunications networks and research, including quantum computing. RIBER is a BPI France-approved innovative company and is listed on the Euronext Growth Paris market (ISIN: FR0000075954).
    www.riber.com

    Contacts

    RIBER
    Annie Geoffroy | tel: +33 (0)1 39 96 65 00 | invest@riber.com

    ACTUS FINANCE & COMMUNICATION
    Cyril Combe | tel: +33 (0)1 53 67 36 36 | ccombe@actus.fr

    Attachment

    • CP_Riber_CA_S1_2025_EN

    The MIL Network –

    July 23, 2025
  • MIL-OSI: RIBER: 2025 FIRST-HALF BUSINESS – FULL-YEAR REVENUES EXPECTED TO EXCEED €40M

    Source: GlobeNewswire (MIL-OSI)

    2025 FIRST-HALF BUSINESS

    FULL-YEAR REVENUES EXPECTED TO EXCEED €40M

    Bezons, July 23, 2025 – 8:00am – RIBER, the global leader in Molecular Beam Epitaxy (MBE) equipment for the semiconductor industry, reports its revenues for the first half of 2025.

    Business developments

    At June 30 (€m) 2025 2024 Change
    Systems 7.8 9.4 -17%
    Services and accessories 3.0 4.3 -31%
    Total half-year revenues 10.7 13.7 -22%

    In a complex international environment, RIBER continues to demonstrate the resilience of its business model and the appeal of its technology offering.

    The Company reiterates that its business activity is subject to seasonal trends, with revenue structurally lower in the first half of the year.

    As of June 30, 2025, first-half revenues amounted to €10.7m, down 22% compared with the same period in 2024.

    Systems revenues totaled €7.8m, down 17%, reflecting the delivery schedule agreed with customers for systems on order in 2025. This corresponds to the delivery of three machines, including two production systems, compared with three production systems in the same period last year.

    Revenues for services and accessories came to €3.0m, down 31%, primarily due to a temporary decline in research-related orders, particularly in the United States, against a backdrop of tighter budgets in universities and research laboratories.

    The geographical breakdown of half-year revenues was as follows: Europe (15%), Asia (70%) and North America (13%).

    Order book developments

    At June 30 (€m) 2025 2024 Change
    Systems 22.5 30.2 -25%
    Services and accessories 5.2 5.8 -11%
    Total order book 27.7 36.0 -23%

    Despite ongoing geopolitical tensions and regulatory constraints, RIBER maintained strong commercial momentum during the first half of 2025.
    The Company secured five new system orders, including the first order for ROSIE, its new 300 mm silicon photonics platform, which recently entered its industrialization phase.

    As of June 30, 2025, the systems order book stood at €22.5m, down 25% from the high base in the first half of 2024. It includes nine systems, of which six are production machines. This change is mainly due to the denial of two export licenses, representing €4m in unbooked orders, and longer license approval timelines, which delayed the booking of already-identified orders.

    The services and accessories order book is down 11% to €5.2m.

    Outlook

    RIBER anticipates an improvement in order intake during the second half of the year, driven by major global investment programs in the semiconductor industry.

    The Company also expects to benefit from the ramp-up of its ROSIE platform, a breakthrough technology in silicon-based integrated photonics. Following the signing of a strategic partnership with the Novo Nordisk Foundation Quantum Computing Programme (NQCP) and the first unit sale, RIBER aims to leverage growing interest from both research institutions and industrial players for solutions compatible with silicon fabrication lines.

    While short-term momentum in research-related services and accessories remains uncertain, the systems business is expected to remain broadly stable in 2025. These elements do not undermine the Company’s strong fundamentals.

    Given the current order book for delivery this year and the upcoming business opportunities, RIBER expects to generate full-year revenue of over €40m in 2025.

    Financial calendar

    First-half 2025 results will be published on September 25, 2025, before the start of trading.

    About RIBER

    Founded in 1964, RIBER is the global market leader for MBE – molecular beam epitaxy – equipment. It designs and produces equipment for the semiconductor industry and provides scientific and technical support for its clients (hardware and software), maintaining their equipment and optimizing their performance and output levels. Accelerating the performance of electronics, RIBER’s equipment performs an essential role in the development of advanced semiconductors that are used in numerous applications, from information technologies to photonics (lasers, sensors, etc.), 5G telecommunications networks and research, including quantum computing. RIBER is a BPI France-approved innovative company and is listed on the Euronext Growth Paris market (ISIN: FR0000075954).
    www.riber.com

    Contacts

    RIBER
    Annie Geoffroy | tel: +33 (0)1 39 96 65 00 | invest@riber.com

    ACTUS FINANCE & COMMUNICATION
    Cyril Combe | tel: +33 (0)1 53 67 36 36 | ccombe@actus.fr

    Attachment

    • CP_Riber_CA_S1_2025_EN

    The MIL Network –

    July 23, 2025
  • MIL-OSI: CoinShares Asset Management Becomes First Continental European Regulated Asset Manager to Receive MiCA Authorisation

    Source: GlobeNewswire (MIL-OSI)

    First major European asset manager to combine MiCA, MiFID, and AIFM authorisations – creating new investment possibilities across €33 trillion European asset management market

    23 July 2025 | SAINT HELIER, Jersey | CoinShares International Limited (“CoinShares” or “the Group”) (Nasdaq Stockholm: CS; US OTCQX: CNSRF), the European leading investment company specialising in digital assets with over $9 billion in assets under management, today announced its French subsidiary, CoinShares Asset Management, has received authorisation under the Markets in Crypto-Assets (MiCA) Regulation, making it the first continental European regulated asset management company to achieve this milestone.

    This authorisation positions CoinShares as the only asset management firm in continental Europe to hold a rare triple regulatory license combination, enabling comprehensive investment services across all asset classes throughout the European Union:

    • AIFM License – Alternative Investment Fund Management and delegated UCITS management
    • MiFID License – Portfolio management and investment advice on traditional financial instruments
    • MiCA Authorisation – Portfolio management and advice on crypto-assets

    Setting New Standards for Professional Crypto Asset Management

    The MiCA authorisation enables CoinShares to provide institutional-grade portfolio management services across all asset classes and investment vehicle types throughout the EU, with operations currently passported in France, Germany, Cyprus, Ireland, Lithuania, Luxembourg, Malta, and the Netherlands, with possibility to extend across all EU member states.

    This regulatory achievement directly addresses a critical gap in the European crypto investment landscape, where many platforms present themselves as asset managers without the proper licensing, organisational structure, or necessary separation of duties between custody, administration, execution, and portfolio management functions.

    Jean-Marie Mognetti, Co-Founder and CEO of CoinShares commented: “Receiving MiCA authorisation from the AMF is a pivotal milestone, not just for CoinShares, but for the entire European digital asset industry. For too long, asset managers operating in crypto have been confined to partial or improvised regulatory frameworks. With MiCA, we now have a clear, harmonised structure across the EU, and CoinShares is proud to be the first in continental Europe to meet that standard as a fully regulated asset manager.

    This authorisation sends a strong signal: crypto is here to stay and it belongs within a professional, transparent, and investor-centric regulatory environment. CoinShares has always believed that innovation and regulation can go hand in hand. As a publicly listed company, our commitment to governance, accountability, and excellence is now matched by a regulatory foundation that enables us to serve our clients across all asset classes, from traditional to digital.”

    Unique Market Position

    The comprehensive regulatory framework positions the Group as the only firm in continental Europe capable of:

    • Providing genuine professional active management services across both traditional and digital assets
    • Offering services through clients’ preferred platforms with proper segregation of custody and management duties
    • Delivering institutional-grade portfolio management with EU regulatory oversight
    • Serving as a regulated counterparty for institutional investors requiring compliance with fiduciary standards

    About CoinShares

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

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

    Press Contact

    CoinShares
    Benoît Pellevoizin
    bpellevoizin@coinshares.com

    M Group Strategic Communications
    Peter Padovano
    coinshares@mgroupsc.com

    The MIL Network –

    July 23, 2025
  • MIL-OSI Asia-Pac: LCQ20: Nurturing environmental, social and governance talents

    Source: Hong Kong Government special administrative region

    LCQ20: Nurturing environmental, social and governance talents 
    Question:
     
         In recent years, environmental, social and governance (ESG) has become a core strategy for global development, and Hong Kong has also been actively promoting Hong Kong’s Climate Action Plan 2050 (Plan) and the development of green and sustainable finance. It has been reported that according to a study, only 27 per cent of the secondary schools in Hong Kong have included references to matters relating to sustainable development, climate and biodiversity in their school development plans, reflecting that there are still inadequacies in the nurturing of ESG talents and civic awareness in Hong Kong. According to the Report on 2023 Manpower Projection, the Labour and Welfare Bureau has also envisaged that ESG will be deemed essential knowledge in the future employment market. In this connection, will the Government inform this Council:
     
    (1) as it is stated in the Plan that the authorities will broaden school teachers’ knowledge about climate change, and that schools may strengthen the relevant learning materials in different subjects, but the findings of the aforesaid study have revealed that such efforts seem to have failed to achieve the intended results, whether the authorities have assessed the effectiveness of schools’ education on climate change and biodiversity, etc;
     
    (2) whether the authorities have considered further strengthening education on ESG (e.g. climate actions and social responsibilities) in secondary schools, and formulating interdisciplinary teaching guidelines; if so, of the details; if not, the reasons for that;
     
    (3) as the Plan has mentioned the need to incorporate learning materials relating to climate change, low-carbon technologies and green finance, etc, into the curricula in tertiary institutions, whether the authorities have assessed if the relevant curricula in the institutions can satisfy the need to train ESG talents; how to ensure that students are equipped with ESG literacy to meet the needs of the future job market, thereby facilitating the development of Hong Kong into a regional green finance centre; and
     
    (4) regarding the workforce in the local employment market at present, whether the authorities have plans to promote the popularisation of ESG education, thereby assisting members of the public in enhancing their ESG knowledge to address the needs of the future employment market; if so, of the details; if not, the reasons for that?
     
    Reply:
     
    President,
     
         Regarding the question raised by the Hon Chan Siu-hung, the consolidated reply, after consulting the Environment and Ecology Bureau, the Labour and Welfare Bureau, and the Financial Services and the Treasury Bureau, is as follows:
     
    (1) and (2) The Education Bureau (EDB) attaches great importance to promoting education for sustainable development (ESD). It has been encouraging schools to adopt a “multi-pronged and co-ordinated” approach to enhance students’ understanding of sustainable development (SD) and encourage them to practise green living through different subjects, cross-curricular learning and life-wide learning activities. The relevant learning elements, which include climate action, biodiversity conservation, renewable energy, energy saving and waste reduction, making good use of resources and corporate social responsibilities, have been incorporated in the curriculum guides of various subjects, such as Primary Humanities and Primary Science at the primary level, and Geography, Science, Biology, Business, Accounting and Financial Studies, Citizenship and Social Development as well as some Applied Learning courses at the secondary level.
     
         ESD is an important component of values education across different subjects in primary and secondary school education. The Values Education Curriculum Framework (Pilot Version) lists “actively practising green living as well as encouraging and supporting joint efforts from people around” and “possessing a global perspective as well as being concerned about global environmental issues and the challenges in attaining sustainable development” as the expected learning outcomes, encouraging students to take responsibility for environmental conservation and nurturing in them proper values and attitudes, such as respecting, be thankful to and caring about nature.
     
         To support teachers in implementing ESD, the EDB has organised various teacher professional development programmes. Field studies and seminars have been conducted to deepen teachers’ understanding of ESD and related topics as well as enhance their teaching capacity. Since the 2020/21 school year, the EDB has conducted nearly 200 relevant training activities with the number of teacher participation exceeding 12 300. The EDB has also collaborated with Radio Television Hong Kong Radio 3 to produce the “Savvy Earth Savers” segment featured in the English learning programme “In the Common Room”. The segment explores environmental, social and governance (ESG) issues and provides teachers with English learning and teaching resources for promoting ESD.
     
         The EDB has also organised diversified student activities, such as slogan and poster design competitions, drawing and photo-taking competitions and picture book creation competitions, to help students understand the rationale and importance of sustainable development as well as enrich their learning experiences. To further promote ESD, the EDB launched the “Achieving Carbon Neutrality Student Ambassador Training Scheme 2024/25” for the first time in this school year. Through the collaborative efforts with different government departments, green groups and the business sector in organising diversified experiential learning activities, such as bank visit, coral conservation field trips and green building tours, the EDB aims to deepen students’ understanding of green finance and intelligent green buildings and the importance of marine biodiversity. Building on the first year’s experience with the ambassador scheme, the EDB will continue to collaborate with different stakeholders to provide students with more learning opportunities to further increase their understanding of the efforts of the Government and various sectors of society in achieving the target of carbon neutrality in Hong Kong.
     
         Under school-based management, when formulating the School Development Plan (SDP), schools have to set out a clear direction for development and focused priority tasks, which should be in line with the school’s vision and mission, the latest education development, as well as the school context. Schools have been promoting ESD for years with good progress, and have generally taken forward relevant work as the routine ones. If there are new development focuses, strategies or measures, they will be included in the SDP as appropriate.
     
         Besides, the relevant bureaux and departments have also been actively implementing various education and publicity programmes to enhance students’ understanding of SD, including:

    (i) The Environment and Ecology Bureau has organised a range of seminars, workshops, field trips and interactive dramas, etc, on various topics through the Sustainable Development School Outreach Programme (Outreach Programme) and the Sustainable Development School Award Programme, so as to promote the concept and practice of SD among secondary students, and at the same time recognise the efforts of schools and students in promoting SD in the community. In the 2024/25 school year, under the theme of Food Waste Reduction and Recycling, the Outreach Programme attracted the participation of 231 schools, encompassing about 82 000 teachers and students. 
         In 2024, the EPD also launched the “We-recycle@School” Activity (the Scheme). Through providing a variety of teaching materials, support and teacher training to primary and secondary schools in Hong Kong, the Scheme assists schools and teachers in integrating waste reduction and recycling knowledge into daily teaching, encourage students to make good use of recycling facilities in schools and the community, and motivate their family members to practise resource separation and recycling together. Since its launch, the Scheme has received an overwhelming response, with the participation of about 350 000 students from around 550 primary and secondary schools. In addition, from January to May 2025, the EPD organised in collaboration with GREEN@COMMUNITY operators over 460 publicity activities on waste reduction and recycling involving or co-hosted by schools, thereby raising environmental awareness among students.
     
    (iii) The Drainage Services Department (DSD) has been supporting schools in promoting environmental protection education through organising guided tours at sewage treatment facilities. For instance, students can learn about the sewage treatment process, energy efficiency design and the measures in combating climate change through visits to the DSD’s facilities such as the Stonecutters Island Sewage Treatment Works and the Sha Tin Sewage Treatment Works.
     
    (3) The EDB has all along supported post-secondary institutions offering post-secondary programmes that meet the social and economic needs of Hong Kong, having regard to different policy bureaux’ and departments’ recommendations on manpower needs. In response to the ever-changing social needs for sustainable development, the University Grants Committee (UGC)-funded universities have offered various funded programmes relevant to “Environment, Society and Governance” in recent years, to nurture students to become talents in sustainable development and green finance. In the 2024/25 academic year, there are about 40 programmes at undergraduate and postgraduate levels. The EDB and the UGC will continue to encourage universities to nurture talents for growth, transformation and future challenges, and meet Hong Kong’s future development’s talent needs. Self-financing institutions also have the flexibility to develop programmes that meet market needs, and adjust the curricula and intake places of relevant programmes, in response to the ever-changing manpower needs of different sectors of society, and provide diversified articulation pathways.
     
    (4) Bureaux and departments take forward sector-specific talent training programmes in response to the latest industry development and manpower situation to enrich the local human resources. 
     
         The Government launched in 2022 the Pilot Green and Sustainable Finance Capacity Building Support Scheme (Pilot Scheme) for application by local eligible market practitioners and related professionals as well as students and graduates of relevant disciplines. There are currently 94 eligible programmes and qualifications, including green and sustainable finance programmes and qualifications related to banking services, asset management, insurance industry, etc. These are provided by the professional and continuing education schools of local universities, professional institutions, international training providers, etc, and the list will continue to be updated. As of May 2025, over 7 200 reimbursement applications were approved, involving a total reimbursement amount of over $40 million. To continuously support local green finance talent training, we will extend the Pilot Scheme to 2028.
     
         Besides, the Green and Sustainable Finance Cross-Agency Steering Group (Steering Group) formed by relevant Government Bureaux, financial regulators and the Hong Kong Exchanges and Clearing Limited launched in October 2022 the Sustainable Finance Internship Initiative to create more relevant local internship opportunities for students. Members of the Steering Group also regularly offer training seminars and forums, at which representatives from financial regulators as well as experts from the academia and industry are invited to share insights to deepen university students and industry’s understanding of sustainable finance. 
     
         The EPD has all along been supporting the continuous development of environmental professions in Hong Kong, so that the standards and credibility of environment-related services and industries can be enhanced through professionalisation. The EPD is exploring collaboration with the Hong Kong Institute of Qualified Environmental Professionals to provide ESG-related training, with a view to addressing the rapid development and growing demand for talents in the ESG field. Besides, relevant courses are offered by course providers under the Continuing Education Fund in response to market development and needs, which are currently mainly provided by higher education institutions, and the Employees Retraining Board also provides relevant courses.
    Issued at HKT 14:25

    NNNN

    CategoriesMIL-OSI

    MIL OSI Asia Pacific News –

    July 23, 2025
  • Focus on trade, investment during PM Modi’s UK visit: High Commissioner Doraiswami

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi’s upcoming visit to the United Kingdom will prioritise trade, investment, and the advancement of the India-UK Free Trade Agreement (FTA), Indian High Commissioner to the UK, Vikram Doraiswami, said on Tuesday.

    Speaking to IANS, Doraiswami underlined that preparations are in full swing to reinforce the Comprehensive Strategic Partnership between the two nations. “Our entire team is working in London to prepare for the visit,” he said.

    “We will be discussing a lot on trade and investment, especially how to implement the trade agreement once it is signed, and how both countries can further strengthen their economic relationship,” Doraiswami said. He added that Indian companies operating in the UK have been “largely satisfied” with market access.

    Doraiswami noted that while the core negotiations on the FTA were concluded in May, certain formalities remain. “The main negotiations have concluded, but some paperwork is still pending,” he said, adding that the process, known as ‘legal scrubbing,’ ensures the agreement is legally sound and all documents are in order.

    PM Modi is set to visit the UK from July 23–24 at the invitation of British Prime Minister Keir Starmer. It will be his fourth visit to the country.

    According to the Ministry of External Affairs, the visit will include a review of progress under the bilateral strategic partnership. Discussions will cover trade, technology, defence, climate, health, education, and people-to-people ties.

    IANS

    July 23, 2025
  • MIL-OSI: Navatar Unveils AI-Powered CRM That Meets Dealmakers Where They Work From Outlook to Slack to CRM: Private Equity’s First Truly Embedded Intelligence Platform For Salesforce

    Source: GlobeNewswire (MIL-OSI)

    LONDON and NEW YORK, July 23, 2025 (GLOBE NEWSWIRE) — Navatar, the leading cloud platform for private equity and investment banking, today announced the launch of its next-generation, fully AI-powered CRM. Designed to meet the fast-evolving needs of private capital markets, the new Navatar platform combines intelligence, automation, and usability—solving one of the biggest challenges firms face when trying to put AI to work: data.

    In a recent Harvard Business Review article, “How Private Equity Firms Are Creating Value with AI”, highlighting the industry’s rapid embrace of artificial intelligence – from identifying targets to improving portfolio performance – the authors note a common bottleneck: without structured, usable data, AI tools can’t deliver their full potential.

    “Everyone wants to use AI, but few have the data to make it work,” said Alok Misra, CEO of Navatar. “That’s because most CRMs are still clunky, inflexible systems that require painful manual data entry. We built the new Navatar platform to break that cycle.”

    A Media Snippet accompanying this announcement is available by clicking on this link.

    Navatar automatically captures relevant information from Outlook, LinkedIn, Slack, call notes, documents and third-party data—turning your team’s daily activity into structured, usable intelligence for AI to operate on. No more chasing team members to update fields or fill out forms.

    While many firms invested in legacy, highly customized CRMs, they’ve found themselves stuck: the systems are slow to change, hard to use, and often ignored by the very people driving deals.

    Navatar flips that experience on its head—offering:

    • Built-in automation to eliminate manual data entry
    • Automated multi-tagging for people, companies, deals and more
    • Embedded AI across sourcing, diligence, fundraising, and portfolio management
    • Fast time-to-value without the need for costly customization
    • A modern user experience that keeps deal teams coming back

    AI Where You Work: Inside Outlook, Navatar or Slack

    Navatar combines the best of Salesforce AI (Agentforce 3) and Microsoft Copilot so dealmakers no longer need to log into a CRM to get intelligence. Whether working inside Outlook, Navatar or Slack, users receive real-time insights, recommendations, and automation—all natively delivered in the tools they already use.

    Within Microsoft Outlook

    • Smart Relationship Insights: Get a 360° view of any contact—who knows them internally, recent interactions, open deals, and more—directly inside your inbox.
    • Email Summarization & Action Suggestions: AI summarizes long email threads and suggests follow-ups, tasks, and next steps.
    • Deal Context at Your Fingertips: See associated deals, stages, and pipeline status without leaving Outlook.
    • Automated Meeting Prep: Copilot briefs you before a meeting by pulling intelligence from emails, calendar invites, past notes, and CRM activity.
    • Task & Data Capture: Turn meeting notes and emails into structured CRM entries automatically—no copy-pasting.

    Within Navatar

    • Thematic Deal Sourcing: Surface emerging trends and high-fit targets based on proprietary and third-party data analysis.
    • Predictive Scoring: Rank inbound deals or prospects by likelihood to convert, based on past behavior and firm strategy.
    • Relationship Intelligence: Auto-map referral paths, warm intros, and deal team connectivity using AI across your team’s network.
    • Document Intelligence: Use natural language processing to extract key terms, risks, and summaries from CIMs, pitch decks, and earnings calls.
    • Pipeline Management: AI generated deal summaries for easy pipeline reporting.
    • Automated Task Management: AI creates tasks, follow-ups based on triggers.
    • Portfolio Alerts: Get AI-generated notifications on portfolio company performance shifts or risk flags.
    • Fundraising & LP Intelligence: Personalize LP communications, score investor engagement, and automate routine updates.

    Within Slack

    • CRM Alerts in Slack: Receive pipeline updates, LP activity alerts, and portfolio company notifications directly in relevant Slack channels.
    • Conversation-to-CRM Linkage: Slack messages can be tagged and associated with deals, contacts, or tasks inside Navatar, making it easy to capture institutional knowledge.
    • AI Summaries & Actions: AI monitors key deal-related channels and suggests follow-ups, summaries, or actions.
    • Frictionless Collaboration: Deal teams can share notes, escalate issues, or push tasks to CRM—all from Slack.

    “We’re not just embedding AI into a CRM—we’re embedding it into the workflow,” said Misra. “Whether you’re in Outlook, Slack, or Navatar itself, the intelligence meets you where you are.”

    For more information on Navatar for Private Equity, please visit:

    https://www.navatargroup.com/salesforce-for-private-equity-crm-software/

    About Navatar

    Navatar (@navatargroup), the CRM platform for alternative assets and investment banking firms, is a low-touch, high-impact intelligence engine purpose-built for private markets. Now fully AI-powered, Navatar captures intelligence automatically and delivers insights directly into Outlook, Slack, and CRM—transforming routine activity into firmwide intelligence.

    Built on Salesforce and integrated with Microsoft Copilot, the platform eliminates manual data entry, unifies deal and relationship context, and orchestrates complex workflows without disrupting how investment professionals work. Backed by over two decades of CRM expertise, Navatar is used by hundreds of global firms to drive institutional knowledge, gain early access to opportunities, and execute smarter, faster.

    For more information, visit www.navatargroup.com.
    Sales Team
    Navatar
    sales@navatargroup.com

    The MIL Network –

    July 23, 2025
  • MIL-OSI: Prosafe SE: Commencement of subscription period for the Warrants Offering

    Source: GlobeNewswire (MIL-OSI)

    NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, THE HONG KONG SPECIAL ADMINISTRATIVE REGION OF THE PEOPLE’S REPUBLIC OF CHINA, SOUTH AFRICA, NEW ZEALAND, JAPAN OR THE UNITED STATES, OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL 

    Reference is made to the stock exchange announcement made by Prosafe SE (“Prosafe” or the “Company“) on 18 July 2025 regarding the publication of a prospectus (the “Prospectus“) approved by the Norwegian Financial Supervisory Authority for, inter alia, the offering of up to 17,868,651 warrants (the “Warrants“) (the “Warrants Offering“).

    The subscription period for the Warrants Offering (the “Subscription Period“) commences today, 23 July 2025 at 09:00 hours (CEST) and expires on 6 August 2025 at 16:30 hours (CEST), unless extended in accordance with the terms set out in the Prospectus.

    The Warrants may be subscribed for by shareholders of the Company as of 16 May 2025, as recorded in the Company’s shareholder register in Euronext Securities Oslo (VPS) on 20 May 2025 (the “Record Date“) (the “Eligible Shareholders“). The Eligible Shareholders shall have a preferential right to subscribe for and be allocated the Warrants in proportion to their shareholding in the Company on the Record Date, pursuant to Section 11-13 of the Norwegian Public Limited Liability Companies Act, cf. Section 10-4. The preferential right to subscribe for the Warrants may not be transferred by the Eligible Shareholders. Oversubscription or subscription without subscription rights is not permitted. The Warrants may not be subscribed for by investors in jurisdictions where such subscription is not permitted or where the offering of such warrants is not legally allowed.

    No consideration shall be paid for the Warrants. The Warrants shall not be transferable. The Warrants will be registered in Euronext Securities Oslo (VPS).

    Subscriptions for Warrants must be made by submitting a correctly completed subscription form to the Receiving Agent (as defined below) during the Subscription Period, or may, for subscribers who are residents of Norway with a Norwegian personal identification number, be made online during the Subscription Period. Please see the Prospectus for further information about the Warrants Offering, including subscription procedures and the complete terms of the Warrants Offering. The Prospectus (including the subscription form for the Warrants Offering) is, subject to applicable securities laws, available on the Company’s website: www.prosafe.com.

    Subscriptions may only be made on the basis of the Prospectus. Allocation of Warrants will be made by the Company’s board of directors based on the number of Warrants subscribed for by each shareholder in accordance with the number of Warrants each subscriber has the right to subscribe for.

    The Warrants may be exercised during the period starting at 09:00 (CEST) on 11 August 2025 and concluding at 16:30 (CEST) on 25 August 2025 (the “Exercise Period“). One Warrant entitles the holder to request the issuance of one ordinary share in the Company. Eligible Shareholders having validly subscribed for and been allocated Warrants will receive an exercise form prior to the Exercise Period. Exercise shall be carried out by submitting a correctly completed exercise form to the Receiving Agent (as defined below) during the Exercise Period, or may, for Warrant holders who are residents of Norway with a Norwegian personal identification number, be made online during the Exercise Period. Warrants that are not exercised before the expiry of the Exercise Period will have no value and will lapse without compensation to the holder.

    To the extent members of the Company’s board of directors or management or closely related parties of such are prohibited from exercising Warrants in the Exercise Period due to securities law restrictions, these shall have the right to exercise Warrants during a period which expires two weeks after such restrictions lapse, as set out in the resolution to issue the Warrants at the Company’s extraordinary general meeting held on 16 May 2025 (the “EGM“). Exercises can in any case not take place after 31 December 2025.

    The subscription price upon exercise of the Warrants is EUR 0.01 per new share. Pursuant to the resolution adopted by the EGM, the Company plans to establish a NOK-based exchange mechanism for the contribution, whereby each exercising Warrant holder will be debited a NOK amount covering the EUR subscription amount, currently expected to be NOK 0.15 per share.

    Advokatfirmaet Schjødt AS acts as legal advisor to the Company in connection with the Warrants Offering. DNB Issuer Services, a part of DNB Bank ASA (the “Receiving Agent” as well as the “Settlement Agent“) acts as both the Receiving Agent and Settlement Agent for the Company in connection with the Warrants Offering.

    For further information, please contact:

    Terje Askvig, CEO

    Phone: +47 952 03 886

    Reese McNeel, CFO

    Phone: +47 415 08 186

    This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act and the requirements of Oslo Børs’ Continuing Obligations.

    About Prosafe

    Prosafe is a leading owner and operator of semi-submersible accommodation vessels. The company is listed on the Oslo Stock Exchange with ticker code PRS. For more information, please refer to https://www.prosafe.com (https://www.prosafe.com/)

    Important information

    This announcement is not and does not form a part of any offer to sell, or a solicitation of an offer to purchase, any securities of the Company. The distribution of this announcement and other information may be restricted by law in certain jurisdictions. Copies of this announcement are not being made and may not be distributed or sent into any jurisdiction in which such distribution would be unlawful or would require registration or other measures. Persons into whose possession this announcement or such other information should come are required to inform themselves about and to observe any such restrictions.

    The securities referred to in this announcement have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act“), and accordingly may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and in accordance with applicable U.S. state securities laws. The Company does not intend to register any part of the offering or their securities in the United States or to conduct a public offering of securities in the United States. Any sale in the United States of the securities mentioned in this announcement will be made solely to “qualified institutional buyers” as defined in Rule 144A under the Securities Act.

    In any EEA Member State, this communication is only addressed to and is only directed at qualified investors in that Member State within the meaning of the Prospectus Regulation, i.e., only to investors who can receive the offer without an approved prospectus in such EEA Member State. The expression “Prospectus Regulation” means Regulation 2017/1129 as amended together with any applicable implementing measures in any Member State.

    This communication is only being distributed to and is only directed at persons in the United Kingdom that are (i) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the “Order”) or (ii) high net worth entities, and other persons to whom this announcement may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as “relevant persons”). This communication must not be acted on or relied on by persons who are not relevant persons. Any investment or investment activity to which this communication relates is available only for relevant persons and will be engaged in only with relevant persons. Persons distributing this communication must satisfy themselves that it is lawful to do so.

    Matters discussed in this announcement may constitute forward-looking statements. Forward-looking statements are statements that are not historical facts and may be identified by words such as “believe”, “expect”, “anticipate”, “strategy”, “intends”, “estimate”, “will”, “may”, “continue”, “should” and similar expressions. The forward-looking statements in this release are based upon various assumptions, many of which are based, in turn, upon further assumptions. Although the Company believes that these assumptions were reasonable when made, these assumptions are inherently subject to significant known and unknown risks, uncertainties, contingencies and other important factors which are difficult or impossible to predict and are beyond its control.

    Actual events may differ significantly from any anticipated development due to a number of factors, including without limitation, changes in investment levels and need for the Company’s services, changes in the general economic, political and market conditions in the markets in which the Company operate, the Company’s ability to attract, retain and motivate qualified personnel, changes in the Company’s ability to engage in commercially acceptable acquisitions and strategic investments, and changes in laws and regulation and the potential impact of legal proceedings and actions. Such risks, uncertainties, contingencies and other important factors could cause actual events to differ materially from the expectations expressed or implied in this release by such forward-looking statements. The Company does not provide any guarantees that the assumptions underlying the forward-looking statements in this announcement are free from errors nor does it accept any responsibility for the future accuracy of the opinions expressed in this announcement or any obligation to update or revise the statements in this announcement to reflect subsequent events. You should not place undue reliance on the forward-looking statements in this announcement. The information, opinions and forward-looking statements contained in this announcement speak only as at its date, and are subject to change without notice. The Company does not undertake any obligation to review, update, confirm, or to release publicly any revisions to any forward-looking statements to reflect events that occur or circumstances that arise in relation to the content of this announcement.

    This announcement is for information purposes only and is not to be relied upon in substitution for the exercise of independent judgment. It is not intended as investment advice and under no circumstances is it to be used or considered as an offer to sell, or a solicitation of an offer to buy any securities or a recommendation to buy or sell any securities in the Company.

    The MIL Network –

    July 23, 2025
  • MIL-Evening Report: Time to ditch splitting the bill? Shouting a close friend could actually make you happier

    Source: The Conversation (Au and NZ) – By Aimee E. Smith, Postdoctoral Research Fellow in the Net Zero Observatory, The University of Queensland

    Jose Calsina/Shutterstock

    When an outing calls for upfront payment, such as admission to the cinema, a play or a theme park, the question of who covers it can shape the tone before the fun even begins.

    Navigating payment with others – whether colleagues, close friends or new acquaintances – can be tricky and interrupt the social dynamic that makes shared experiences so valuable.

    Our new research, published in Psychology and Marketing, suggests the way you approach splitting upfront costs could have some surprising impacts.

    In some cases, despite the dent in your bank account, covering the full cost of an experience for yourself and someone else could actually make you happier.

    But this won’t always be the case. And it likely comes down to the different norms and expectations we have for different kinds of relationships.

    The experience economy

    When times are tough financially, psychology suggests people would prefer to spend their money on material goods rather than experiences.

    Yet despite ongoing cost-of-living pressures, there’s evidence to suggest many Australians are prioritising experiences.

    Experiences are often shared with other people.
    Tsuguliev/Shutterstock

    Experiences are not just services, but rather about creating memorable events. Compared with material goods, experiences are consistently linked to improved happiness.

    A big part of the benefit we derive from such experiences hinges on the fact that we share them with other people. Putting money towards experiences lets us spend time with other people and relate to them in ways just buying “stuff” often can’t match.

    So much so, that factors like who we go with, the quality of conversations an experience leads to, or the clarity we have about the other person’s interests can have as much of an effect on happiness as the experience content itself.

    In shared experiences, where money is unavoidable, how does “who pays” affect their well-being benefits? This is the question we posed in our latest research, coauthored with Belinda Barton and Natalina Zlatevska.

    Going to the movies

    We conducted three experiments with 2,640 people and presented them with a common scenario: they would be going to the cinema with either their best friend or a casual acquaintance.

    We told half of the participants they would split the cost (that is, pay only for their own admission). The other half were told they would cover the whole cost for both themselves and the other person. We then asked them how happy they would be with this purchase.

    Across the three studies, when participants were with their best friend, they reported they would be happier paying the full amount than they would be splitting the cost. In contrast, when participants were with an acquaintance, we found that how the cost was split had no effect on happiness.

    Could paying for someone else’s ticket actually make you happier?
    andresr/Getty

    The ‘close friends’ effect

    With closer friends, unlike acquaintances and strangers, we often have a different set of norms and expectations – especially surrounding reciprocity.

    Interactions with close friends usually follow “communal norms”. This is where people help each other based on care and need, without expecting something in return.

    On the other hand, interactions with strangers and acquaintances are more likely to follow “exchange norms”, which prioritise balance and direct repayment.

    In line with this, we found when participants were with their best friends, their expectations of repayment were lower than with acquaintances when they paid for them. Where participants had higher expectations of repayment, they noted they would be less happy.

    Other possibilities

    We also tested other ideas, such as whether who pays would affect how smooth the conversation felt or whether it created awkwardness in the dynamic.

    We also examined whether the payment felt like an investment in the relationship, or whether it made the other person think more positively of the participant.

    We found that none of these really changed depending on who paid and how close the two people were, so they didn’t seem to explain why paying for a close friend felt better.

    Instead, norms around reciprocity in different types of relationships can make paying feel more transactional than a kind gesture. This, in turn, affects how happy it makes us feel.

    So, should I spend all my money on my friends?

    While our research suggests paying for others can make you happier, we don’t recommend budgeting your life savings for this cause.

    We limited our experiments to inexpensive experiences (that is, the cinema). So, it’s unlikely paying for your friend’s 2026 Europe trip will bring you ultimate happiness.

    Also, if your friend already owes you money, you might expect them to pay you back sooner, and footing the bill again could start to wear thin on your happiness.

    Aimee E. Smith 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. Time to ditch splitting the bill? Shouting a close friend could actually make you happier – https://theconversation.com/time-to-ditch-splitting-the-bill-shouting-a-close-friend-could-actually-make-you-happier-261557

    MIL OSI Analysis – EveningReport.nz –

    July 23, 2025
  • MIL-OSI Submissions: Energy Sector – Equinor to commence third tranche of the 2025 share buy-back programme

    Source: Equinor

    23 JULY 2025 – Equinor will on 24 July 2025 commence the third tranche of up to USD 1,265 million of the share buy-back programme for 2025, as announced in relation with the second quarter results 23 July 2025.

    In this third tranche of the share buy-back programme for 2025, shares for up to USD 417.5 million will be purchased in the market, implying a total third tranche of up to USD 1,265 million including shares to be redeemed from the Norwegian State. The tranche will end no later than 27 October 2025.

    Equinor announced at the Capital Market Update in February 2025 a share buy-back programme of up to USD 5 billion for 2025, including shares to be redeemed from the Norwegian State, in order to conclude the two-year programme for 2024 – 2025, announced in February 2024. The share buy-back programme will be subject to market outlook and balance sheet strength and be structured into tranches where Equinor will buy back shares for a certain value in USD over a defined period. For the third tranche in 2025, Equinor will be entering into a non-discretionary agreement with a third party who will execute repurchases of shares and make its trading decisions independently of the company.

    Commencement of new share buy-back tranches after the third tranche in 2025 will be decided by the board of directors on a quarterly basis in line with the company’s dividend policy and will be subject to board authorisation for share buy-back from the company’s annual general meeting and agreement with the Norwegian State regarding share buy-back (as further described below).

    The purpose of the share buy-back programme is to reduce the issued share capital of the company. All shares purchased as part of the third tranche for 2025 will thus be cancelled through a capital reduction at the annual general meeting of the company in May 2026.

    Further information about the share buy-back programme and the third tranche:

    The third tranche of the share buy-back programme for 2025 is based on an authorisation granted to the board of directors at the annual general meeting of the company held on 14 May 2025. According to the authorisation, the maximum number of shares which can be purchased in the market is 84 million, of which 67,622,812 remain available per commencement of the third tranche in 2025 (buy-backs made under previous tranches in the authorisation period taken into account). The minimum price that can be paid per share is NOK 50, and the maximum price is NOK 1,000. The authorisation is valid until the annual general meeting of the company in May 2026, but no later than 30 June 2026.

    An agreement between Equinor and the Norwegian State regulates the State’s participation in the share buy-back: at the annual general meeting of the company in May 2026, the State will, as per proposal by the board of directors, vote for the cancellation of shares purchased in the market pursuant to the board authorisation, and the redemption and cancellation of a proportionate number of its shares in order to maintain its ownership share in the company at 67%. The price to be paid to the State for redemption of the State’s shares shall be the volume-weighted average of the price paid by Equinor for shares purchased in the market plus an interest rate compensation, adjusted for any divid

    MIL OSI – Submitted News –

    July 23, 2025
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