NewzIntel.com

Category: Business

  • MIL-OSI Economics: Secretary-General of ASEAN attends the Special AEM-MOFCOM Consultation via videoconference

    Source: ASEAN

    Secretary-General of ASEAN, Dr. Kao Kim Hourn, today participated in the Special ASEAN Economic Ministers – Ministry of Commerce (Special AEM-MOFCOM) Consultation, conducted via videoconference.
     
    The Meeting exchanged views on the current global economic developments and their implications for regional economic integration. The Meeting reaffirmed a strong commitment to upholding a rules-based multilateral trading system, maintaining constructive engagements to address trade-related issues, and to de-escalate trade tensions. The Meeting also discussed strategic measure to advance ASEAN-China economic cooperation with a view to fostering stronger economic relations.

    The post Secretary-General of ASEAN attends the Special AEM-MOFCOM Consultation via videoconference appeared first on ASEAN Main Portal.

    MIL OSI Economics –

  • MIL-OSI Banking: Secretary-General of ASEAN attends the Special AEM-MOFCOM Consultation via videoconference

    Source: ASEAN

    Secretary-General of ASEAN, Dr. Kao Kim Hourn, today participated in the Special ASEAN Economic Ministers – Ministry of Commerce (Special AEM-MOFCOM) Consultation, conducted via videoconference.
     
    The Meeting exchanged views on the current global economic developments and their implications for regional economic integration. The Meeting reaffirmed a strong commitment to upholding a rules-based multilateral trading system, maintaining constructive engagements to address trade-related issues, and to de-escalate trade tensions. The Meeting also discussed strategic measure to advance ASEAN-China economic cooperation with a view to fostering stronger economic relations.

    The post Secretary-General of ASEAN attends the Special AEM-MOFCOM Consultation via videoconference appeared first on ASEAN Main Portal.

    MIL OSI Global Banks –

  • MIL-OSI Banking: Secretary-General of ASEAN attends the Special AEM-CER Consultation via videoconference

    Source: ASEAN

    Secretary-General of ASEAN, Dr. Kao Kim Hourn participated in the Special ASEAN Economic Ministers – Closer Economic Relations (Special AEM-CER) Consultation, held via videoconference, on 20 May 2025.
     
    The Meeting exchanged views on the recent global economic developments and reaffirmed commitment to upholding rules-based multilateral trading system as a cornerstone for addressing emerging trade-related challenges concerns. The Meeting welcomed the entry into force of the Second Protocol to Amend the Agreement Establishing the ASEAN-Australia-New Zealand Free Trade Area (AANZFTA), reflecting the collective resolve of ASEAN, Australia, and New Zealand to navigate current regional and global economic challenge.

    The post Secretary-General of ASEAN attends the Special AEM-CER Consultation via videoconference appeared first on ASEAN Main Portal.

    MIL OSI Global Banks –

  • MIL-OSI Banking: Secretary-General of ASEAN hosts luncheon for the Committee of Permanent Representatives to ASEAN

    Source: ASEAN

    Secretary-General of ASEAN, Dr. Kao Kim Hourn, today hosted a luncheon for the Committee of Permanent Representatives to ASEAN (CPR), which brought together the Permanent Representatives of ASEAN Member States and the Ambassador of Timor-Leste to ASEAN. The Luncheon served as an opportunity to exchange views on ASEAN Community-building efforts and ASEAN’s external relations, including preparations for the upcoming 46th ASEAN Summit, 2nd ASEAN-Gulf Cooperation Council (GCC) Summit and ASEAN-GCC-China Economic Summit to be convened in Kuala Lumpur, Malaysia, on 26–27 May 2025.
     

    MIL OSI Global Banks –

  • MIL-OSI Asia-Pac: Fraudulent website and internet banking login screen related to Fubon Bank (Hong Kong) Limited

    Source: Hong Kong Government special administrative region

    Fraudulent website and internet banking login screen related to Fubon Bank (Hong Kong) Limited 
    The HKMA wishes to remind the public that banks will not send SMS or emails with embedded hyperlinks which direct them to the banks’ websites to carry out transactions. They will not ask customers for sensitive personal information, such as login passwords or one-time password, by phone, email or SMS (including via embedded hyperlinks).
     
    Anyone who has provided his or her personal information, or who has conducted any financial transactions, through or in response to the website or login screen concerned, should contact the bank using the contact information provided in the press release, and report the matter to the Police by contacting the Crime Wing Information Centre of the Hong Kong Police Force at 2860 5012.
    Issued at HKT 15:00

    NNNN

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Government announces projects to be implemented by Working Group on Developing Tourist Hotspots

    Source: Hong Kong Government special administrative region

    The Deputy Chief Secretary for Administration, Mr Cheuk Wing-hing, today (May 20) held a press conference to announce nine projects to be implemented by the Working Group on Developing Tourist Hotspots (Working Group). Also attending the press conference were the Secretary for Culture, Sports and Tourism, Miss Rosanna Law; the Under Secretary for Security, Mr Michael Cheuk; the Under Secretary for Home and Youth Affairs, Mr Clarence Leung; the Under Secretary for Environment and Ecology, Miss Diane Wong; the Under Secretary for Development, Mr David Lam; and the Commissioner for Tourism, Mrs Angelina Cheung.
     
    Mr Cheuk said, “New travel patterns and tourists’ preferences increasingly value hotspots with unique features that are part of the flavour of Hong Kong. As there are many treasured tourist attractions in Hong Kong, we consider that in addition to creating new hotspots, current tourism resources should be consolidated and enriched to maximise the value of these hotspots and create attractions that tourists cannot miss.
     
    “The Working Group has gathered opinions from different sectors of the community and considered different proposals. From the many options, we have at this stage selected nine appealing and feasible projects that can be implemented within a short period. Through upgrades of hardware and software, renovations and enhancements, maintenance and renewal of attractions, provision of ancillary services and facilities as well as opening up places that have not been open to the public before, tourists will be offered new experiences that are more in-depth and fascinating.”
     
    The nine projects to be implemented are:
     
    1. Hong Kong Industrial Brand Tourism

    Hong Kong’s industrial story fully embodies the spirit of the Lion Rock. The tourism industry is forming groups to develop “Made in Hong Kong” industrial tourism, creating hotspots for visitors to tour, experience and shop. Industrial brands that can be visited include Lee Kum Kee, Kee Wah, Pat Chun and Yakult. A trial launch is expected in the third quarter of this year.
     
    2. Victoria Park Bazaar 
    3. Creating a Pink Trumpet Tree Garden 
    4. Featured community – In-depth travel in Old Town Central 
    5. Featured community – In-depth travel in Kowloon City 
    6. Disciplinary Services Pioneer Tours 
    7.   Opening of the Former Yau Ma Tei Police Station 
    8.        “Four Peaks” Tourism 
    9. Revistalising the Former Hung Hom Railway Freight Yard Pier 
         “The above hotspots span across the territory, underlining the concept of ‘tourism is everywhere in Hong Kong’. There are indoor and outdoor hotspots, locales for visits and explorations, as well as places for enjoying the ecology and scenery. They cater for travellers’ individual preferences, which can easily fit in different travelling routes for creating pleasant journeys. Hong Kong will gain in popularity and prosperity as the hotspots will bring economic benefits, boost consumption sentiment and stimulate the economy,” Mr Cheuk said.
     
         “The Government will engage the trade proactively, making good use of various resources for marketing and promotions, creating innovative travelling routes and new products for tourist groups. This new initiative will capitalise on the characteristics of different tourist hotspots, to enhance their attractiveness. With concerted efforts, I firmly believe Hong Kong’s tourism industry will attain a new level of prosperity.”
     
         The Chief Executive announced in the 2024 Policy Address that a Working Group on Developing Tourist Hotspots will be set up, and the Deputy Chief Secretary for Administration will be the leader. The Working Group aims to strengthen cross-departmental co-ordination and leverage community efforts, identify and develop tourist hotspots of high popularity and with strong appeal in various districts. Other members of the Working Group include the Secretary for Culture, Sports and Tourism (deputy leader), the Secretary for Commerce and Economic Development, the Secretary for Development, the Secretary for Environment and Ecology, the Secretary for Home and Youth Affairs, the Secretary for Security, the Secretary for Transport and Logistics, the Director of Home Affairs, the Director of Leisure and Cultural Services and the Commissioner for Tourism.

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Unemployment and underemployment statistics for February – April 2025

    Source: Hong Kong Government special administrative region

    Unemployment and underemployment statistics for February – April 2025 
         Comparing February – April 2025 with January – March 2025, the unemployment rate (not seasonally adjusted) increased in many major economic sectors, with more distinct increases observed in the construction sector, accommodation services sector, food and beverage service activities sector, and financing sector. Meanwhile, declines in the unemployment rates were seen in the information and communications sector; insurance sector; and arts, entertainment and recreation sector. As to the underemployment rate, increases were mainly seen in the construction sector and cleaning and similar activities sector.
     
         Total employment decreased by around 15 600 from 3 692 700 in January – March 2025 to 3 677 100 in February – April 2025. Over the same period, the labour force also decreased by around 9 000 from 3 815 500 to 3 806 500.
     
         The number of unemployed persons (not seasonally adjusted) increased by around 6 600 from 122 800 in January – March 2025 to 129 400 in February – April 2025. Over the same period, the number of underemployed persons also increased by around 4 900 from 42 700 to 47 600.
      
    Commentary
     
    Commenting on the latest unemployment figures, the Secretary for Labour and Welfare, Mr Chris Sun, said, “The seasonally adjusted unemployment rate increased by 0.2 percentage point from a low level in January – March 2025 to 3.4% in February – April 2025.  The underemployment rate went up to 1.3%.  The labour force and total employment decreased further to 3 806 500 and 3 677 100 respectively from the preceding three-month period.”
     
    Looking ahead, Mr Chris Sun said, “Various industries in Hong Kong are undergoing a transitional period, and the trends of their unemployment rates may go upward or downward.  However, the recent easing of trade tensions, the continued growth in the Mainland economy, the Government’s various measures to boost economic momentum and the continuous positive growth of the overall economy will provide support to the labour market.”
     
    Mr Chris Sun said, “Although we see some recent closures of shops, there have also been openings of many new shops.  As at end-2024, the number of companies registered in Hong Kong has reached a record high of 1.46 million, likely against emergence of new demands and new consumption trends.  The recent successful organisation of a series of mega events in Hong Kong, coupled with the concerted efforts of the Government in tandem with different industries including tourism, catering, hospitality and retail, has led to a significant increase in the number of inbound visitors, which will bring about more opportunities to the labour market.”
     
    Further information
     
         The unemployment and underemployment statistics were compiled from the findings of the continuous General Household Survey.
     
         In the survey, the definitions used in measuring unemployment and underemployment follow closely those recommended by the International Labour Organization. The employed population covers all employers, self-employed persons, employees (including full-time, part-time, casual workers, etc.) and unpaid family workers. Unemployed persons by industry (or occupation) are classified according to their previous industry (or occupation).
     
         The survey for February – April 2025 covered a sample of some 26 000 households or 68 000 persons, selected in accordance with a scientifically designed sampling scheme to represent the population of Hong Kong. Labour force statistics compiled from this sample represented the situation in the moving three-month period of February to April 2025.
     
         Data on labour force characteristics were obtained from the survey by interviewing each member aged 15 or over in the sampled households.
     
         Statistical tables on the latest labour force statistics can be downloaded at the website of the C&SD (www.censtatd.gov.hk/en/scode200.html 
         For enquiries about labour force statistics, please contact the General Household Survey Section (3) of the C&SD (Tel: 2887 5508 or email:     ghs@censtatd.gov.hk 
    Issued at HKT 16:30

    NNNN

    MIL OSI Asia Pacific News –

  • MIL-OSI Europe: Euro area monthly balance of payments: March 2025

    Source: European Central Bank

    20 May 2025

    • Current account recorded €51 billion surplus in March 2025, up from €41 billion in previous month
    • Current account surplus amounted to €438 billion (2.9% of euro area GDP) in the 12 months to March 2025, up from €312 billion (2.1%) one year earlier
    • In financial account, euro area residents’ net acquisitions of non-euro area portfolio investment securities totalled €698 billion and non-residents’ net acquisitions of euro area portfolio investment securities totalled €782 billion in the 12 months to March 2025

    Chart 1

    Euro area current account balance

    (EUR billions unless otherwise indicated; working day and seasonally adjusted data)

    Source: ECB.

    The current account of the euro area recorded a surplus of €51 billion in March 2025, an increase of €10 billion from the previous month (Chart 1 and Table 1). Surpluses were recorded for goods (€44 billion), services (€13 billion) and primary income (€7 billion). These were partly offset by a deficit for secondary income (€13 billion).

    Table 1

    Current account of the euro area

    Source: ECB.

    Note: Discrepancies between totals and their components may be due to rounding.

    Data for the current account of the euro area

    In the 12 months to March 2025, the current account surplus widened to €438 billion (2.9% of euro area GDP), up from a surplus of €312 billion (2.1% of euro area GDP) one year earlier. This increase was driven by larger surpluses for goods (up from €324 billion to €386 billion), services (up from €133 billion to €173 billion) and primary income (up from €22 billion to €54 billion). The deficit for secondary income increased from €168 billion to €174 billion.

    Chart 2

    Selected items of the euro area financial account

    (EUR billions; 12-month cumulated data)

    Source: ECB.

    Notes: For assets, a positive (negative) number indicates net purchases (sales) of non-euro area instruments by euro area investors. For liabilities, a positive (negative) number indicates net sales (purchases) of euro area instruments by non-euro area investors.

    In direct investment, euro area residents made net investments of €110 billion in non-euro area assets in the 12 months to March 2025, following net disinvestments of €252 billion one year earlier (Chart 2 and Table 2). Non-residents disinvested €101 billion in net terms from euro area assets in the 12 months to March 2025, following net disinvestments of €321 billion one year earlier.

    In portfolio investment, euro area residents’ net purchases of non-euro area equity increased to €150 billion in the 12 months to March 2025, up from €91 billion one year earlier. Over the same period, net purchases of non-euro area debt securities by euro-area residents increased to €548 billion, up from €490 billion one year earlier. Non-residents’ net purchases of euro area equity increased to €408 billion in the 12 months to March 2025, up from €170 billion one year earlier. Over the same period, non-residents made net purchases of euro area debt securities amounting to €374 billion, declining from net purchases of €404 billion one year earlier.

    Table 2

    Financial account of the euro area

    (EUR billions unless otherwise indicated; transactions; non-working day and non-seasonally adjusted data)

    Source: ECB.

    Notes: Decreases in assets and liabilities are shown with a minus sign. Net financial derivatives are reported under assets. “MFIs” stands for monetary financial institutions. Discrepancies between totals and their components may be due to rounding.

    Data for the financial account of the euro area

    In other investment, euro area residents recorded net acquisitions of non-euro area assets amounting to €365 billion in the 12 months to March 2025 (up from €128 billion one year earlier), while they recorded net incurrences of liabilities of €77 billion (following net disposals of €144 billion one year earlier).

    Chart 3

    Monetary presentation of the balance of payments

    (EUR billions; 12-month cumulated data)

    Source: ECB.

    Notes: “MFI net external assets (enhanced)” incorporates an adjustment to the MFI net external assets (as reported in the consolidated MFI balance sheet items statistics) based on information on MFI long-term liabilities held by non-residents, available in b.o.p. statistics. B.o.p. transactions refer only to transactions of non-MFI residents of the euro area. Financial transactions are shown as liabilities net of assets. “Other” includes financial derivatives and statistical discrepancies.

    The monetary presentation of the balance of payments (Chart 3) shows that the net external assets (enhanced) of euro area MFIs increased by €405 billion in the 12 months to March 2025. This increase was driven by the current and capital accounts surplus and, to a lesser extent, by euro area non-MFIs’ net inflows in portfolio investment equity and debt. These developments were partly offset by euro area non-MFIs’ net outflows in direct investment and other flows.

    In March 2025 the Eurosystem’s stock of reserve assets increased to €1,511.0 billion up from €1,478.6 billion in the previous month (Table 3). This increase was mainly driven by positive price changes (€48.0 billion), due to an increase in the price of gold, and partly offset by negative exchange rate changes (€14.7 billion) and net sales of assets (€0.8 billion).

    Table 3

    Reserve assets of the euro area

    (EUR billions; amounts outstanding at the end of the period, flows during the period; non-working day and non-seasonally adjusted data)

    Source: ECB.

    Notes: “Other reserve assets” comprises currency and deposits, securities, financial derivatives (net) and other claims. Discrepancies between totals and their components may be due to rounding.

    Data for the reserve assets of the euro area

    Data revisions

    This press release incorporates revisions to the data for January 2025 and February 2025. These revisions did not significantly alter the figures previously published.

    MIL OSI Europe News –

  • MIL-OSI Russia: Entrepreneurs will be able to rent space in the city’s first beauty coworking space

    Translation. Region: Russian Federal

    Source: Moscow Government – Government of Moscow –

    On May 30, as part of Moscow Entrepreneurship Week, the city’s first specialized beauty coworking space, Red Lab, will open. The innovative beauty space will provide new opportunities for nail technicians, makeup artists, hairdressers, stylists, and other beauty industry professionals.

    The area of over 470 square meters in the Otradnoye district will house modern work areas, equipped treatment rooms, training areas and a market with products from the best Moscow brands of the Made in Moscow project.

    “Beauty coworking is a place of opportunities for all participants in the beauty industry: masters perfecting their art, Moscow manufacturers setting new trends, and entrepreneurs finding growth points through collaborations. Here, the profession will become a business, and the business will become a recognizable brand. We are opening this coworking to support beauty specialists, give them tools for growth and take the Moscow beauty industry to a new level,” she noted.

    Kristina Kostroma, head of the capital’s Department of Entrepreneurship and Innovative Development.

    The beauty coworking space is located on the third floor of the Baikonur Meeting Place district center near the Otradnoye metro station at 17 Dekabristov Street. More than 50 workstations have been equipped there. They will be provided free of charge until the end of 2025. The new space can be used by companies and individual entrepreneurs of the capital whose business is related to the beauty industry, as well as the self-employed. You can read the detailed rental conditions and book a workstation on the portal “Small Business of Moscow”.

    At the grand opening of the beauty coworking, visitors will enjoy free master classes from leading industry experts, presentations of new cosmetics, prize draws and other events. The project partners will be the professional image laboratory “Persona” and the online beauty service “Avito Beauty”.

    Support for entrepreneurs is provided within the framework of the federal project “Small and medium entrepreneurship and support for individual entrepreneurial initiative”, which is part of the national project “Efficient and competitive economy”, as well as the Moscow Mayor’s strategy for supporting the capital’s entrepreneurship.

    State Budgetary Institution “Small Business of Moscow”, subordinate to the capital Department of Entrepreneurship and Innovative Development, helps people open and develop their own businesses in the capital. In business service centers, everyone can learn about financial and non-financial measures of state support.

    Free educational and business events are held for entrepreneurs: forums, seminars, trainings, conferences, which help improve professional competencies and find like-minded people.

    You can also get advice on opening and running a business and learn more about current measures to support entrepreneurs in Moscow on the portal MBM.Mos.ru and by phone: 7 495 225-14-14.

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

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

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

    https: //vv.mos.ru/nevs/ite/154005073/

    MIL OSI Russia News –

  • MIL-OSI Russia: City pet care services to be presented at Lapki festival

    Translation. Region: Russian Federal

    Source: Moscow Government – Government of Moscow –

    The Khodynka Field Park will host a festival on May 24 and 25 “Paws”, organized by the mos.ru portal and VK company. Visitors will also get acquainted with modern digital solutions for pet owners and lovers. Guests will be told about mos.ru services that help make the capital truly pet-friendly. The topic will be discussed at a discussion session in the lecture hall, and online solutions will be introduced in interactive thematic spaces.

    Smart city for citizens and pets

    On Saturday, May 24th, Department of Information Technologyinvites everyone to a discussion session “The Place of Pets in the Smart City Ecosystem”. Representatives of Moscow departments will take part in it. The event will discuss the development of a pet-friendly environment in Moscow – from creating a comfortable infrastructure for walking with animals to useful services in the field of caring for tailed, furry and feathered animals.

    “Pets have become an important part of the lives of millions of Muscovites and real members of their families. Walking dogs helps make new acquaintances and stay active, cats’ purring calms and brings joy, and in general, having a pet has a beneficial effect on a person’s condition and reduces stress. The city cares about the comfort of pets and their owners: residents have access to well-equipped walking areas, special spaces for playing with animals, and to ensure that pets’ health is always under control, convenient services have been created on mos.ru. More information about this can be found at the “Paws” festival,” the press service of the Department of Information Technology noted.

    Experts will talk in detail about city projects and online tools for pet owners. Among them is a super service “My pet” on mos.ru is a real assistant for responsible owners. A specialist will show its work on an interactive panel, help you register and demonstrate various functions.

    The super service contains city electronic services for pet owners, addresses and instructions for all occasions. One of the most useful functions is the electronic pet card, where visits to city veterinary clinics are automatically recorded. At any time, owners can view the history of appointments and appointments with a veterinarian, check the relevance of vaccinations and much more. The electronic card can be edited. For example, if the pet was vaccinated in a private clinic, the date and name of the drug can be added manually. If the pet needs vaccination, the owner will see a notification about it.

    Another useful digital tool that will be discussed at the discussion is the service Online vet appointments. Any city resident can make an appointment for their pet to see a doctor at a convenient date and time on mos.ru and not wait for an appointment in a live queue.

    The capital’s parks will join the discussion session. Experts will talk about the opportunities for walking with pets in green areas, as well as how to make spending time with your pet in nature as comfortable and safe as possible. Guests will be able to discover new places to visit with four-legged friends. A special project mos.ru will be a useful addition to the information. “To the park – with the dog”.

    “Thanks to modern service, it is possible to walk dogs without a leash and muzzle in more than 700 areas. Dog walking areas are located in 23 parks. Dog walking is allowed in 33 parks. Dog-friendly places have been created in some parks. Cafes, sports centers and coffee shops with dogs can be visited in the Bauman Garden, Izmailovsky Park, Khodynskoye Pole Park and Sokolniki Park,” said Yulia Adigamova, General Director of ANO “Park Development”.

    In addition, a representative of the Moscow Zoo will take part in the discussion. He will share his experience of interacting with animals and responsible treatment of them. The conversation will be especially useful for children.

    Help animals and admire them online

    The capital offers various digital services and online projects not only for pet owners, but also for those who are just planning to become one or just love animals. Among them is the special project mos.ru “How to become a superhost”. It will help you understand the most important issues – from registering and vaccinating your pet to feeding recommendations and walking rules.

    Not all animals are suitable for keeping at home, but some wild animals can be observed thanks to online broadcasts from the Moscow Zoo — a special project that is available to everyone every day. From a smartphone, tablet or laptop during the opening hours of the capital’s zoo, you can follow its inhabitants: Pallas’s cats, lynxes, tigers, lions, giant pandas, red pandas, Himalayan bears, honey badgers, raccoons, meerkats, capybaras and camelids, elephants, pygmy hippopotamuses, orangutans and gorillas. At the festival, the broadcasts will be shown on a big screen.

    Caring Muscovites will be told how to help cats and dogs in trouble in a few clicks. Doing good deeds helps charity service on mos.ruEven a small donation, equal to the cost of a cup of coffee, can make a difference in saving an animal’s life. service pageverified funds are presented. Guests will be introduced to its work in the space of the “City of the Caring”.

    Muscovites will be introduced to animals from shelters at the “Paws” festivalHow to become a zoo volunteer and help homeless animals in sheltersFeed, take to the vet, and make a donation: how to help homeless animals

    Festival “Paws” will be held as part of the Summer in Moscow project. Guests will enjoy musical and creative performances by artists, lectures, master classes, interactive competitions and themed spaces. And those who only dream of getting a pet will be able to meet their future friend among animals from shelters. To participate, you need register in advance.

    The creation, development and operation of the e-government infrastructure, including the provision of mass socially significant services, as well as other services in electronic form, correspond to the objectives of the national project “Data Economy and Digital Transformation of the State”and the regional project of the city of Moscow “Digital Public Administration”.

    The Summer in Moscow project is the main event of the season, which will unite the most vibrant events of the capital. Charity, cultural and sports events will be held in all districts of the city, most of them free. Summer in Moscow will be held in the capital for the second time and this season promises to be more eventful.

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

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

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

    https: //vv.mos.ru/nevs/ite/154059073/

    MIL OSI Russia News –

  • MIL-OSI: lowRISC Welcomes Javier Orensanz Martinez as CEO

    Source: GlobeNewswire (MIL-OSI)

    CAMBRIDGE, United Kingdom, May 20, 2025 (GLOBE NEWSWIRE) — lowRISC C.I.C., the open silicon ecosystem organisation, today announced the appointment of Javier Orensanz Martinez as CEO, effective 2 June 2025. Joining the organisation with more than two decades of experience in the semiconductor space, Javier will lead lowRISC on its mission to help create commercially relevant, open-source silicon designs that are widely adopted throughout industry. To ensure a smooth handover Gavin and Javier will be co-CEOs for the month of June, with Gavin stepping away officially at the end of the month.

    “Serving as the CEO of lowRISC for five years has been a tremendous privilege and a role I have greatly valued. I’m very proud of what we have achieved alongside our partners during this time — not least in having helped bring the first commercial open-source silicon to reality, with production OpenTitan chips going into Chromebook sockets this summer, Google datacentre applications to follow, and Rivos (and others) integrating the IP directly into their SoCs,” said Dr. Gavin Ferris, lowRISC Board Member and outgoing CEO. “I’m confident that in handing the reins over to Javier, his drive and experience will help propel lowRISC to the next level, build on the achievements we’ve accomplished with our valued partners already, and further the positive impacts of open-source silicon.”

    Javier joins lowRISC after a successful 22-year career at Arm, with 9 years of experience in VP roles: General Manager of the Development Solutions Group, VP of Developer Ecosystems and VP of Quality. He is passionate about the commercial value of open source, having witnessed first-hand how it revolutionised Arm’s approach to software. Javier brings a mix of savvy business background and technical knowledge, having managed a broad portfolio of software and hardware products, led acquisitions, and delivered growth through long-term partnerships and business model transformation.

    “I am so impressed with everything that Gavin and the lowRISC team have accomplished in the last 10 years in collaboration with its amazing partners and contributors,” said Javier Orensanz Martinez. “I am thrilled to join the organisation at such a pivotal time, with the first OpenTitan root-of-trust silicon having hit production, and look forward to building on its solid foundations to boost the adoption of open-source hardware.”

    “The Board and I would like to thank Gavin for his excellent leadership these last five years and recognise the tremendous accomplishments he and the team have made in open-source silicon,” said Sir Andy Hopper, lowRISC’s independent chair. “And we are thrilled to welcome Javier as the new CEO — his deep experience in the open-source and semiconductor space and proven track record of success in this industry aligns perfectly with lowRISC’s mission. This is a fantastic time for him to take lowRISC to the next stage of its journey and seize the opportunities available.”

    lowRISC’s purpose from the outset has been, and will continue to be, to help create and support commercially relevant open-source silicon designs that are widely adopted throughout industry. With Javier at the helm, the team will continue to drive long-term impact by fostering an open-source silicon ecosystem that benefits academia, industry, and broader society in general.

    About lowRISC®
    Founded in 2014 at the University of Cambridge Department of Computer Science and Technology, lowRISC is a not-for-profit company/CIC that provides a neutral home for collaborative engineering to develop and maintain open source silicon designs and tools for the long term. The lowRISC not-for-profit structure combined with full-stack engineering capabilities in-house enables the hosting and management of high-quality projects like OpenTitan® and Sunburst via the Silicon Commons® approach.

    Media Contact
    lowRISC@w2comm.com

    The MIL Network –

  • MIL-Evening Report: RBA cuts interest rates, ready to respond again if the economy weakens further

    Source: The Conversation (Au and NZ) – By John Hawkins, Senior Lecturer, Canberra School of Politics, Economics and Society, University of Canberra

    Reserve Bank Governor Michele Bullock speaks at a forum during the World Bank/IMF meetings in Washington in April. Jose Luis Magana/AP

    The Reserve Bank of Australia cut the official interest rate for the second time this year, as it lowered forecasts for Australian economic growth and pointed to increasing uncertainty in the world economy.

    The bank lowered the cash rate target by 0.25%, from 4.1% to 3.85%, saying inflation is expected to remain in the target band.

    All the big four banks swiftly passed the cut on to households with mortgages. This will save a household with a $500,000 loan about $80 a month.

    Announcing the cut, the Reserve Bank stressed in its accompanying statement it stands ready to reduce rates again if the economic outlook deteriorates sharply.

    The Board considered a severe downside scenario and noted that monetary policy is well placed to respond decisively to international developments if they were to have material implications for activity and inflation in Australia.

    Inflation is back under control

    The latest Consumer Price Index showed that inflation remained around the middle of the Reserve Bank’s medium-term target band of 2-3% in the March quarter.

    The Reserve Bank was also comforted by the underlying inflation measure called the “trimmed mean”. This measure excludes items with the largest price movements up or down.

    The bank noted that it has returned to the 2–3% target band for the first time since 2021. This suggests inflation is not just temporarily low due to temporary factors such as the electricity price rebates.



    Read more:
    Inflation is easing, boosting the case for another interest rate cut in May

    In February, Reserve Bank Governor Michele Bullock conceded the bank had arguably been “late raising interest rates on the way up”. It did not want to be late on the way down.

    Perhaps Bullock is being unduly modest. The central bank looks to have judged well the extent of monetary tightening. It did not raise interest rates as much as its peers, but still got inflation back to the target.

    Unemployment remains low

    Last week, we got an update on the strength of the labour market. Unemployment stayed at 4.1%. It has now been around 4% since late 2023, a remarkable achievement.

    This is below the 4.5% the Reserve Bank had regarded as the level consistent with steady inflation (in economic jargon, the NAIRU). But neither prices nor wages have accelerated.

    Households and businesses may turn cautious

    In its updated forecasts, the bank sees headline inflation dropping to 2.1% by mid-year but going back to 3.0% by the end of the year, as the electricity subsidies are removed. By mid-2027, it will be back near the middle of the 2-3% target.

    Underlying inflation is forecast to stay around the middle of the target band throughout.

    The Reserve Bank cut its forecast for gross domestic product (GDP) to 2.1% by December, down from its previous forecast of 2.4% made in February. It said:

    Economic policy uncertainty has increased sharply alongside recent global developments, and this is expected to prompt some households to increase their precautionary savings and some businesses to postpone some investment decisions.

    The unemployment rate is expected to increase to 4.3% by the end of the year and remain there through 2026.

    Cost of living pressures look set to ease, as real household disposable income grows faster than population.

    As the Reserve Bank governor told a media conference on Tuesday:

    There’s now a new set of challenges facing the economy, but with inflation declining and the unemployment rate relatively low, we’re well positioned to deal with them. The board remains prepared to take further action if that is required.

    Economic and policy ‘unpredictability’

    The main uncertainty in the global economy is how the trade war instigated by US President Donald Trump will play out. According to one count, he has announced new or revised tariff policies about 50 times.

    “The outlook for the global economy has deteriorated since the February statement. This is due to the adverse impact on global growth from higher tariffs and widespread economic and policy unpredictability,” the bank noted.

    The US tariff pauses on the highest rates on China and most other nations are due to be in place for 90 days. But more measures may be announced before then.

    This uncertainty is likely to be stifling trade, and even more so investment decisions by companies in the face of rapidly changing policies. And it will weaken the global economy.

    In her press conference, Bullock said the board’s judgement was that “global trade developments will overall be disinflationary for Australia”. Not only is the global outlook weaker, but some goods no longer being sold to the US could be diverted to Australia.

    Where will interest rates go from here?

    The Reserve Bank’s updated forecasts assume interest rates will fall further, to 3.4% by the end of the year.

    But this is just a reflection of what financial markets are implying. It is not necessarily what the bank itself expects to do. It is certainty not a promise of what they will do.

    But the Reserve Bank still regards its stance as “restrictive”, or weighing on growth. So if it continues to believe inflation will stay within the target band, or the global outlook deteriorates, it will cut rates further.

    The Conversation

    John Hawkins was formerly a senior economist with the Reserve Bank.

    – ref. RBA cuts interest rates, ready to respond again if the economy weakens further – https://theconversation.com/rba-cuts-interest-rates-ready-to-respond-again-if-the-economy-weakens-further-256798

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI: Temenos launches Gen AI Copilot for banks to deliver better products faster

    Source: GlobeNewswire (MIL-OSI)

    MADRID, Spain, May 20, 2025 (GLOBE NEWSWIRE) — At the Temenos Community Forum ’25 in Madrid, Temenos (SIX: TEMN), a global leader in banking technology, today launched the Temenos Product Manager Copilot, empowering banks to design, launch, test and optimize financial products faster using Generative AI.

    Temenos Product Manager Copilot is a Gen AI assistant that integrates Microsoft Azure OpenAI Service and is embedded within the Temenos Retail core banking solution. It provides a simple, conversational way for product, IT and Customer Service managers to explore the full breadth of Temenos’ core banking functionality and data insights, helping banks design and launch retail products faster, easier, and make them more relevant to their customers.

    Temenos Product Manager Copilot is offered as part of Temenos retail accounts advanced and enterprise product offerings.

    Temenos core banking solutions are trusted by over 950 banks worldwide, from large multinational institutions to smaller regional banks. Temenos core banking offers extensive out-of-the-box functionality and a comprehensive suite of pre-configured products.

    With Temenos Product Manager Copilot, product managers can leverage either the built-in user agents or interact through familiar channels like Microsoft Teams for building, testing and launching new products. This Gen AI tool also allows them to quickly gain business insights without having to write complicated queries from their core banking data and drive strategic decisions.  

    Integrating Azure OpenAI Service enables Temenos Product Manager Copilot to surface insights from the bank’s core data, documentation and regulatory landscape. The solution is flexible by design to allow easy integrations with new AI agents based on bank-specific data sources, as well as existing AI agents already in use. In addition, Azure OpenAI Service provides enterprise-class availability, scaling, security and confidentiality for customer data.

    According to a recent study for Temenos, three quarters (75%) of banks are exploring Gen AI deployment with 36% having already deployed or in the process of deploying it. Additionally, 73% believe that agentic AI will be transformative for the banking industry.

    Barb Morgan, Chief Product and Technology Officer, Temenos, commented: “Temenos Product Manager Copilot unlocks the full innovation potential of Temenos core banking using Generative AI to help banks deliver better products faster to their customers. We are excited to bring this game-changing technology to financial institutions globally. In an era where fintechs and neobanks can launch new offerings within weeks, it is critical for banks to accelerate innovation or risk losing relevance in an increasingly competitive landscape.” 

    Temenos has a strong customer-focused approach and developed Temenos Product Manager Copilot in collaboration with its Design Partner clients, including Banque Internationale à Luxembourg.

    Christine Huberty, Deputy CIO, Banque Internationale à Luxembourg, said: “We’re excited about the new capabilities of Temenos Product Manager Copilot. The conversational interface will make it easier to access core banking functionality and data, helping bank staff work more efficiently and launch products faster to market. We value our ongoing collaboration with Temenos and the opportunity to contribute to this innovation.”

    Clare Barclay, Corporate Vice President, Enterprise, Industry and Software Development Partners, Microsoft, added: “Azure OpenAI integration enables trusted, enterprise-grade AI experiences across industries. Through our collaboration with Temenos, banks can now harness the power of generative AI to accelerate product innovation, enhance customer engagement, and operate with greater agility and intelligence.”

    General Availability for Temenos Product Manager Copilot is scheduled for Q4 2025. Financial institutions can register interest for early access via the Temenos Contact Us page.

    The MIL Network –

  • MIL-OSI China: Announcement on Open Market Operations No.94 [2025]

    Source: Peoples Bank of China

    Announcement on Open Market Operations No.94 [2025]

    (Open Market Operations Office, May 20, 2025)

    The People’s Bank of China conducted reverse repo operations in the amount of RMB357 billion through quantity bidding at a fixed interest rate on May 20, 2025.

    Details of the Reverse Repo Operations

    Maturity

    Rate

    Bidding Volume

    Winning Bid Volume

    7 days

    1.40%

    RMB357 billion

    RMB357 billion

    Date of last update Nov. 29 2018

    2025年05月20日

    MIL OSI China News –

  • MIL-OSI China: Xi calls for stronger manufacturing industry to advance Chinese modernization 2025-05-20 15:12:47 Xi Jinping, general secretary of the Communist Party of China Central Committee, has called for continuous efforts to build the manufacturing industry stronger to advance Chinese modernization.

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

      ZHENGZHOU, May 20 (Xinhua) — Xi Jinping, general secretary of the Communist Party of China Central Committee, has called for continuous efforts to build the manufacturing industry stronger to advance Chinese modernization.

      Xi made the remarks during his inspection tour in a bearing producer in Luoyang City, central China’s Henan Province, on Monday afternoon.

      Xi visited the company’s intelligent manufacturing plant to learn about the performance and applications of various types of bearing products. He inspected the intelligent production lines and had an amiable conversation with the workers.

      “China has always adhered to the path of developing the real economy. From the past reliance on imported matches, soap and iron, to now becoming the world’s largest manufacturing country with the most complete industrial categories, we have taken the right path,” Xi noted.

      China must continue to strengthen the manufacturing sector, adhere to the principles of building self-reliance and strength, and master core technologies in key fields, Xi said.

      He also urged efforts to strengthen collaboration between industries, universities and research institutes, and cultivate a large number of high-quality talents.

      The producer, Luoyang Bearing Group Co., Ltd., is a traditional manufacturing firm that has invested heavily in scientific and technological research and made significant progress in industrial upgrading in recent years. Its wind turbine main bearings now hold over 40 percent of the domestic market share.

    loading…

    MIL OSI China News –

  • MIL-OSI: Municipality Finance issues a USD 100 million tap under its MTN programme

    Source: GlobeNewswire (MIL-OSI)

    Municipality Finance Plc
    Stock exchange release
    20 May 2025 at 10:00 am (EEST)

    Municipality Finance issues a USD 100 million tap under its MTN programme

    On 21 May 2025 Municipality Finance Plc issues a new tranche in an amount of USD 100 million to an existing benchmark issued on 22 January 2025. With the new tranche, the aggregate nominal amount of the benchmark is USD 500 million. The maturity date of the benchmark is 2 February 2029. The benchmark bears interest at a floating rate equal to Compounded SOFR plus 100 bps per annum.

    The new tranche is issued under MuniFin’s EUR 50 billion programme for the issuance of debt instruments. The offering circular, the supplemental offering circular and the final terms of the benchmark are available in English on the company’s website at https://www.kuntarahoitus.fi/en/for-investors.

    MuniFin has applied for the benchmark to be admitted to trading on the Helsinki Stock Exchange maintained by Nasdaq Helsinki. The public trading is expected to commence on 21 May 2025. The existing notes in the series are admitted to trading on the Helsinki Stock Exchange.

    Bank of Montreal Europe PLC act as the Dealer for the issue of the new tranche.

    MUNICIPALITY FINANCE PLC

    Further information:

    Joakim Holmström
    Executive Vice President, Capital Markets and Sustainability
    tel. +358 50 444 3638

    MuniFin (Municipality Finance Plc) is one of Finland’s largest credit institutions. The owners of the company include Finnish municipalities, the public sector pension fund Keva and the State of Finland. The Group’s balance sheet is over EUR 53 billion.

    MuniFin’s customers include municipalities, joint municipal authorities, wellbeing services counties, joint county authorities, corporate entities under the control of the above-mentioned organisations, and affordable social housing. Lending is used for environmentally and socially responsible investment targets such as public transportation, sustainable buildings, hospitals and healthcare centres, schools and day care centres, and homes for people with special needs.

    MuniFin’s customers are domestic, but the company operates in a completely global business environment. The company is an active Finnish bond issuer in international capital markets and the first Finnish green and social bond issuer. The funding is exclusively guaranteed by the Municipal Guarantee Board.

    Read more: www.munifin.fi

    Important Information

    The information contained herein is not for release, publication or distribution, in whole or in part, directly or indirectly, in or into any such country or jurisdiction or otherwise in such circumstances in which the release, publication or distribution would be unlawful. The information contained herein does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, any securities or other financial instruments in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any such jurisdiction.

    This communication does not constitute an offer of securities for sale in the United States. The notes have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”) or under the applicable securities laws of any state of the United States and may not be offered or sold, directly or indirectly, within the United States or to, or for the account or benefit of, U.S. persons except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act.

    The MIL Network –

  • MIL-OSI: Nokia trials 5G technology during Joint Viking military exercise in Norway

    Source: GlobeNewswire (MIL-OSI)

    Press Release
    Nokia trials 5G technology during Joint Viking military exercise in Norway

    • Worked alongside industry partners to deploy Nokia 5G AirScale radios and 5G Standalone Core, enhancing tactical communication during multinational Arctic defense exercise.
    • Nokia’s 5G technology supported advanced defense applications and provided real-time information to field personnel.

    20 May 2025
    Espoo, Finland – Nokia, in collaboration with industry partners, tested 5G technology in a defense scenario during Joint Viking 2025, a Norwegian military exercise. Throughout the trial, Nokia’s 5G technology enabled field personnel from multiple nations with advanced defense applications, enhancing situational awareness and facilitating seamless cooperation across military units.

    Nokia’s solutions included 5G AirScale radio products and 5G Standalone Core technology tuned for defense applications, to enhance tactical communication and information systems among participating nations. Nokia’s 5G communications platform gave military personnel access to real-time battlefield intelligence, facilitating faster decision-making. The Joint Viking command and control leadership leveraged this data to improve situational awareness, streamline operations, and enhance both safety and efficiency throughout the exercise.

    Joint Viking 2025 took place in Bardufoss, located in northern Norway, above the Arctic Circle. It included more than 10,000 soldiers from Belgium, Canada, Finland, France, Germany, US, UK, The Netherlands, and Norway. Occurring every two years, the exercise aims to enhance military cooperation, support protection of NATO’s northern flank and test Norway’s ability to receive allied reinforcements.

    The Norwegian Material Defense Agency (NDMA), an agency directly subordinate to the Norwegian Ministry of Defense, collaborates with Norway’s mobile operators as key service partners. Recently, the Norwegian energy and telecom group Lyse and Nokia have entered into a strategic agreement to enhance tactical communication solutions for Norway, leveraging their expertise and strengths in critical communications.

    “We collaborate with the industry to develop innovative defense solutions based on commercial technologies. A prime example is advanced software functionality, which enables Nokia’s 5G systems to operate in GNSS-denied environments, along with their next-generation radio equipment, engineered for reduced size, weight, and power. Nokia’s 5G technology was instrumental in the success of the Joint Viking exercise, enhancing the Norwegian Armed Forces’ readiness for complex joint operations in challenging conditions,” said Kennet Nomeland, Radio Architect and Norway’s Ministry of Defense liaison for 5G COMPAD program.

    “The scalable, secure and reliable connectivity that 5G provides has an important role in strengthening the tactical communication capabilities of defense forces. The successful trial of 5G in the field at Joint Viking exercise is evidence of Nokia’s continued progress in the defense sector and highlights Norwegian Armed Forces’ position as a leader in deploying advanced communication technologies for tactical operations,” commented Giuseppe Targia, Head of Space and Defense at Nokia.

    Multimedia, technical information, and related news
    Web Page: Joint Viking 2025
    Web Page: Nokia communication technology for defense
    Web Page: Nokia 5G
    Web Page: Nokia 5G Core
    Product page: AirScale Radio Access

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

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

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

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

    Follow us on social media
    LinkedIn X Instagram Facebook YouTube

    The MIL Network –

  • MIL-OSI Russia: China’s commercial banks have cut interest rates on deposits

    Translation. Region: Russian Federal

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

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

    BEIJING, May 20 (Xinhua) — China’s top commercial banks on Tuesday announced the first cut in deposit interest rates in 2025.

    The interest rate on one-year term deposits has been cut by 15 basis points to 0.95 percent, according to reports from the Industrial and Commercial Bank of China, Bank of China, China Construction Bank, Agricultural Bank of China and China Merchants Bank.

    After adjustment, the rates on term deposits for two years, three years and five years are 1.05%, 1.25% and 1.3%, respectively.

    Prior to this, commercial banks reduced interest rates on deposits twice, in July and October last year.

    Also on Tuesday, China cut its benchmark lending rates: The benchmark interest rate (LPR) for one-year loans fell to 3 percent from 3.1 percent, and the LPR for loans longer than five years, which many lenders use to set their mortgage rates, was cut to 3.5 percent from 3.6 percent. -0-

    MIL OSI Russia News –

  • Wall collapse, electrocution kill three in rain-hit Bengaluru

    Source: Government of India

    Source: Government of India (4)

    Three people, including a nine-year-old boy, were killed in rain-related incidents on Monday following heavy rainfall in Bengaluru.

    Shashikala, an employee of a private company, succumbed to injuries after a wet compound wall suddenly collapsed on her in Whitefield on Monday morning. She was walking towards Channasandra when the wall gave way and fell on her, resulting in her death.

    In another incident, two people, including a young boy, died of electrocution in BTM Layout on Monday evening.

    The deceased have been identified as 55-year-old Manohar Kamat and nine-year-old Dinesh, a native of Nepal. According to police, both were electrocuted while attempting to pump rainwater out of an apartment basement using a motor.

    The incident occurred at Madhuvana Apartments located in N.S. Palya, 2nd Stage, BTM Layout. Mico Layout police rushed to the spot and shifted the victims to St. John’s Hospital.

    Bengaluru recorded 132 mm of rainfall on Sunday night. The Meteorological Department has predicted heavy rain for Monday night (May 19) and May 20 as well.

    Several software companies in Bengaluru have advised employees to work from home due to worsening traffic conditions. Authorities remain on high alert as the situation develops.

    (IANS)

  • MIL-OSI: Falcon Oil & Gas Ltd. – Filing of Interim Financial Statements

    Source: GlobeNewswire (MIL-OSI)

    FALCON OIL & GAS LTD.

    (“Falcon”)

    Filing of Interim Financial Statements

    20 May 2025 – Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) announces that it has filed its interim financial statements for the three months ended 31 March 2025 and the accompanying Management’s Discussion and Analysis (“MD&A”).

    The following should be read in conjunction with the complete unaudited unreviewed interim financial statements and the accompanying MD&A for the three months ended 31 March 2025, which are available on the Canadian System for Electronic Document Analysis and Retrieval (“SEDAR+”) at www.sedarplus.ca and on Falcon’s website at www.falconoilandgas.com.

    Q1 2025 Financial Highlights

    • Debt free with cash of $6.9 million at 31 March 2025 (31 December 2024: $6.8 million).
    • Continued focus on strict cost management and efficient operation of the portfolio.

    Ends.

    For further information, please contact:

    CONTACT DETAILS:

    Falcon Oil & Gas Ltd.          +353 1 676 8702
    Philip O’Quigley, CEO +353 87 814 7042
    Anne Flynn, CFO +353 1 676 9162
     
    Cavendish Capital Markets Limited (NOMAD & Broker)
    Neil McDonald / Adam Rae +44 131 220 9771
       

    Falcon Oil & Gas Ltd.
    Interim Condensed Consolidated Statement of Operations and Comprehensive Loss
    (Unaudited)

          Three months ended
    31 March 2025
    $’000    		 Three months ended
    31 March 2024
    $’000    		    
                 
    Revenue            
    Oil and natural gas revenue     – –    
          – –    
                 
    Expenses            
    Exploration and evaluation expenses     (40) (44)    
    General and administrative expenses     (491) (528)    
    Foreign exchange gain     77 120    
          (454) (452)    
                 
    Results from operating activities     (454) (452)    
                 
    Finance income     98 8    
    Finance expense     (141) (362)    
    Net finance expense     (43) (354)    
                 
    Loss and comprehensive loss for the period     (497) (806)    
                 
    Loss and comprehensive loss attributable to:            
                 
    Equity holders of the company     (497) (804)    
    Non-controlling interests     – (2)    
                 
    Loss and comprehensive loss for the period     (497) (806)    
                 
             
    Loss per share attributable to equity holders of the company:        
                 
    Basic and diluted     ($0.000) ($0.001)    

    Falcon Oil & Gas Ltd.
    Interim Condensed Consolidated Statement of Financial Position
    (Unaudited)

        At 31 March
    2025
    $’000    		 At 31 December
    2024
    $’000
           
    Assets      
    Non-current assets      
    Exploration and evaluation assets   53,347 50,291
    Accounts receivable   56 56
    Restricted cash   2,123 2,040
        55,526 52,387
           
    Current assets      
    Cash and cash equivalents   6,896 6,823
    Accounts receivable   139 3,031
        7,035 9,854
           
    Total assets   62,561 62,241
           
    Equity and liabilities      
           
    Equity attributable to owners of the parent      
    Share capital   406,684 406,684
    Contributed surplus   47,446 47,446
    Deficit   (410,652) (410,155)
        43,478 43,975
    Non-controlling interests   690 690
    Total equity   44,168 44,665
           
    Liabilities       
    Non-current liabilities      
    Decommissioning provision   16,751 16,587
        16,751 16,587
           
    Current liabilities      
    Accounts payable and accrued expenses   1,642 989
        1,642 989
           
    Total liabilities   18,393 17,576
           
    Total equity and liabilities   62,561 62,241

    Falcon Oil & Gas Ltd.
    Interim Condensed Consolidated Statement of Cash Flows
    (Unaudited)

        Three months ended 31 March
        2025
    $’000    		 2024
    $’000
           
    Cash flows from operating activities      
    Net loss for the period   (497) (806)
    Adjustments for:      
    Share based compensation   – 36
    Depreciation   – 1
    Net finance expense   43 354
    Effect of exchange rates on operating activities   (77) (120)
    Change in non-cash working capital:      
    Increase in accounts receivable   (110) (83)
    Increase in accounts payable and accrued expenses   19 7
    Net cash used in operating activities   (622) (611)
           
    Cash flows from investing activities      
    Interest received   8 8
    Exploration and evaluation assets   (2,384) (2,869)
    Legacy exploration permit bonds refund   19 –
    R&D Tax incentive refund   2,962 –
    Net cash generated by / (used in) investing activities   605 (2,861)
           
    Change in cash and cash equivalents   (17) (3,472)
    Effect of exchange rates on cash and cash equivalents   90 (231)
           
    Cash and cash equivalents at beginning of period   6,823 7,992
           
    Cash and cash equivalents at end of period   6,896 4,289

    All dollar amounts in this document are in United States dollars “$”, except as otherwise indicated.

    About Falcon Oil & Gas Ltd.

    Falcon Oil & Gas Ltd is an international oil & gas company engaged in the exploration and development of unconventional oil and gas assets, with the current portfolio focused in Australia, South Africa and Hungary. Falcon Oil & Gas Ltd is incorporated in British Columbia, Canada and headquartered in Dublin, Ireland.

    For further information on Falcon Oil & Gas Ltd. please visit www.falconoilandgas.com

    Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

    Certain information in this press release may constitute forward-looking information. This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. Falcon assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward looking-statements unless and until required by securities laws applicable to Falcon. Additional information identifying risks and uncertainties is contained in Falcon’s filings with the Canadian securities regulators, which filings are available at www.sedarplus.ca.

    Attachment

    The MIL Network –

  • MIL-OSI: Societe Generale launches a new global employee share ownership programme

    Source: GlobeNewswire (MIL-OSI)

    SOCIETE GENERALE LAUNCHES A NEW GLOBAL EMPLOYEE SHARE OWNERSHIP PROGRAMME

    Press release

    Paris, 20 May 2025

    Societe Generale confirms the launch of a new global employee share ownership programme allowing eligible employees and retired former employees of the Group to subscribe for a capital increase reserved for them on preferential terms. The subscription period for the share offer will take place from 2 to 16 June (inclusive).

    The settlement-delivery of the shares should take place on 24 July 2025.

    The terms of this transaction are described in the information document provided below.

    This transaction implements the 27th resolution of the General Meeting held on 22 May 2024. The principle of this operation, approved by the Board of Directors on 5 February 2025, was made public in page 15 of the Board of Directors’ report on the resolutions submitted to the General Meeting of 20 May 2025 and, before that, in the table of financial authorisations provided in section 3.1.7 of the Universal Registration Document dated 12 March 2025 which has been updated, on pages 58 to 59 of the Convening Brochure, relating to the General Meeting of 20 May 2025, which was published on 14 April 2025.

    Employee share ownership is a long-term collective commitment mechanism regularly implemented within Societe Generale to involve employees in the development of the company and to enable them to benefit from long-term value creation.

    The 2025 programme is the 32nd offered by the Group.

    Press contacts:
    Jean-Baptiste Froville_+33 1 58 98 68 00_ jean-baptiste.froville@socgen.com
    Fanny Rouby_+33 1 57 29 11 12_ fanny.rouby@socgen.com

    20 May 2025

    INFORMATION DOCUMENT

    PROVIDED FOR EMPLOYEES AND RETIRED FORMER EMPLOYEES
    OF THE SOCIETE GENERALE GROUP
    PERTAINING TO A CAPITAL INCREASE IN CASH TARGETING A MAXIMUM OF 12,044,800 SHARES RESERVED FOR ELIGIBLE EMPLOYEES AND RETIRED FORMER EMPLOYEES PARTICIPATING IN SOCIETE GENERALE GROUP COMPANY
    OR GROUP SAVINGS PLANS

    2025 GROUP EMPLOYEE SHARE OWNERSHIP PROGRAMME (2025 GESOP)

    This information document is available at Societe Generale’s administrative office (17 cours Valmy – 92972 Paris-La Défense Cedex), on its website and its intranet site, and was covered by a press release dated 20 May 2025.

    This document is prepared in accordance with the prospectus publication exemptions provided for in Article 1.4°(i) and Article 1.5°(h) of Prospectus Regulation (EU) No. 2017/1129. It constitutes the document required to meet the conditions for exemption from publication of a prospectus as defined by said Prospectus Regulation, directly applicable in the domestic law of each Member State of the European Union.

    MAIN CHARACTERISTICS OF THE CAPITAL INCREASE IN CASH RESERVED FOR ELIGIBLE EMPLOYEES AND RETIRED FORMER EMPLOYEES PARTICIPATING IN SOCIETE GENERALE GROUP COMPANY OR GROUP SAVINGS PLANS

    ISSUER Societe Generale,

    French public limited company (société anonyme),

    Share capital: EUR 1,000,395,971.25

    Registered office: 29, boulevard Haussmann – 75009 PARIS

    Paris Trade and Companies Register No. 552 120 222

    Euronext Paris – Compartment A

    Ordinary share ISIN code: FR0000130809

    Share admitted to Deferred Settlement Service
    Securities offered The maximum overall nominal amount of the capital increase is set at EUR 15,056,000, corresponding to the issue of 12,044,800 shares available for subscription in cash.

    The capital increase is sub-divided into two (2) tranches using separate investment vehicles, respectively accessible to separate entities or groups of entities.

    The Societe Generale shares to be issued will be of the same class and will be equivalent to Societe Generale shares already admitted to trading on Euronext Paris (Compartment A).
    Reasons for the offer The 2025 Group Employee Share Ownership Programme falls within the scope of the Societe Generale Group employee share ownership policy, both in France and internationally, allowing beneficiaries to become involved in the Group’s operations by participating, through this investment, in the development of Societe Generale, by expressing their voting rights and participating in the General Meeting.
    Terms of subscription The shares will be available for subscription through employee mutual fund (“FCPE”) in France and directly via the acquisition of registered shares outside France.

    Method for determining the subscription price

    The subscription price of EUR 35.76 is equal to the arithmetic average of the 20 (twenty) volume-weighted average prices recorded each day on the Euronext Paris regulated stock market at the end of each of the 20 (twenty) trading sessions preceding the morning of 19 May 2025 (date of the decision of the Chief Executive Officer, setting the subscription period and the subscription price and acting on the sub-delegation of the Board of Directors at its meeting of 5 February 2025 using the authorization granted to the Board by the twenty-seven resolution of the Combined General Meeting of 22 May 2024), with the application of a 20% discount.

    Duration of subscription period

    The subscription period will begin on Monday 2nd June 2025 at 10:00 a.m. (Paris time) and will end on Monday 16th June 2025 at 11:59 p.m. (Paris time).
      Terms of subscription for shares

    The first (1st) tranche is subscribed through the Employee Mutual Funds under Company or Group Savings Plans. The second (2nd) tranche is directly subscribed by employees under the International Group Savings Plan.

    Beneficiaries of the offer

    This offer is reserved for employees with seniority of at least three (3) months, holding an employment contract in effect at the end of the subscription period, broken down as follows:

    • for the 1st tranche, the beneficiaries of the Societe Generale Company Savings Plan and the Group Savings Plan;
    • for the 2nd tranche, the beneficiaries of the International Group Savings Plan.
      As regards the first tranche, former employees having left their company after retiring, with this category including pre-retirees, and having retained assets in the Company or Group Savings Plans, may also take part in this reserved capital increase.
      Subscription limit

    In accordance with Article L. 3332-10 of the French Labour Code, the total amount of payments made by Beneficiaries (including payments into other Savings Plans) may not exceed 25% of their gross annual remuneration received during the year of subscription or, for Beneficiaries whose employment contract is suspended and who received no remuneration for the year of subscription, 25% of the annual limit provided for in Article L. 241-3 of the French Social Security Code. At its meeting of 5 February 2025, the Board of Directors decided that the total amount of a given Beneficiary’s individual subscription (which may consist of a voluntary payment, including the transfer of available assets, as well as the net amounts of profit-sharing and employer matching contribution (not applicable to retirees)) may not exceed EUR 20,000.

    Employer matching contribution

    Employer matching contribution rules are specific to each Company or Group Savings Plan and each participating entity.
    Transaction timetable Subscription will be open from Monday 2nd June 2025 at 10:00 a.m. (Paris time) to Monday 16th June 2025 at 11:59 p.m. (Paris time). The capital increase is scheduled for 24 July 2025.
    Listing of new shares Listing market

    Societe Generale shares are listed on Euronext Paris (deferred settlement service, continuous trading group A, ISIN code FR0000130809).
      Listing of new shares

    The listing of the new shares on Euronext Paris will be requested immediately after the completion of the capital increase (the listing should be effective on or around 29 July 2025).
    General information on new shares subject to a request for admission to trading Rights attached to shares issued

    As soon as they are created, the new shares will be subject to all the provisions of the Issuer’s Articles of Association and will bear dividends rights as of 1 January 2025. As a result, they will be fully assimilated with the existing shares and will entitle the shareholders of a public limited company to the associated legal prerogatives. In particular, they will entitle shareholders to ownership of the company’s assets and the liquidation surplus, in a proportion equal to the percentage of share capital they represent. Similarly, the dividend is distributed to shareholders in proportion to their shareholding.

    A double voting right, in proportion to the capital represented, is allocated to all fully paid-up shares registered in the name of the same shareholder, for at least two years, as well as to new registered shares granted free of charge to a shareholder, in the event of a capital increase through the incorporation of reserves, profits or issue premiums, in respect of shares entitled thereto.

    In accordance with Article L. 214-165 II, paragraph 3, of the French Monetary and Financial Code, the voting rights attached to Societe Generale shares subscribed via the FCPE will be exclusively exercised individually by the unitholders of said FCPE and, for fractional units, by the supervisory board of said FCPE.

    In the event of a public purchase or exchange offer, the supervisory board of the FCPE decide, based on the relative majority of the votes cast, whether or not to tender Societe Generale shares to the offer. If there is no relative majority, the decision is put to the vote of the unitholders, who decide based on the relative majority of the votes cast.

    Marketability of shares

    No clauses in the Articles of Association limit the free marketability of the shares comprising Societe Generale’s capital.

    Only the rules below governing the unavailability of shares under a Company or Group Savings Plan will limit the marketability of said shares.
    Unavailability Shares held directly by the Beneficiaries and units of the employee mutual fund, as applicable, will be unavailable for a period of 5 years, barring cases of early release subject to the conditions applicable to the Company or Group Savings Plan in question. As regards the 2nd tranche, in some countries, depending on local legislation, some cases of early release will not be open to employees.
    Specific disclaimer for international subscriptions This document constitutes neither an offer to sell nor a solicitation to subscribe for Societe Generale shares. The Societe Generale share offer reserved for eligible current employees and retired former employees participating in Societe Generale Group Company or Group Savings Plans will only be implemented in countries where such an offer has been registered with the relevant local authorities and/or with the approval of a prospectus by the competent local authorities, or in consideration of an exemption from the obligation to establish a prospectus or register the offer. More generally, the offer will only be made in countries where all required registration procedures and/or notifications have been made and the proper authorisations obtained, except for the exemptions mentioned above. This document is not intended for countries in which such a prospectus would not have been approved or such an exemption would not be available, or in which all required registration and/or notification procedures have not yet been made or the proper authorisations obtained, and copies of this document should not be sent in such countries.

    With respect to the United States of America in particular, the shares referred to in this document have not been and will not be registered under the U.S. Securities Act of 1933 (the “Securities Act”) and may not be offered or sold in the United States without registration or exemption from registration in accordance with the Securities Act. Societe Generale does not intend to register the offer, in part or in whole, in the United States, or to make public share offers in the United States. The shares will be offered only for transactions benefiting from an exemption from registration.

    Due to the sanctions imposed by the European Union, this offer is not open to citizens or residents of Russia who do not have a residence permit in or are not nationals of a European Union country, of a country member of the European Economic Area or of Switzerland, or to citizens or residents or Belarus who do not have a residence permit in or are not nationals of a European Union country. 
       
    Employee contact Beneficiaries may address any questions relating to this offer to the contact indicated in the subscription application provided to them.

    Societe Generale

    Societe Generale is a top tier European Bank with around 119,000 employees serving more than 26 million clients in 62 countries across the world. We have been supporting the development of our economies for 160 years, providing our corporate, institutional, and individual clients with a wide array of value-added advisory and financial solutions. Our long-lasting and trusted relationships with the clients, our cutting-edge expertise, our unique innovation, our ESG capabilities and leading franchises are part of our DNA and serve our most essential objective – to deliver sustainable value creation for all our stakeholders.

    The Group runs three complementary sets of businesses, embedding ESG offerings for all its clients:

    • French Retail, Private Banking and Insurance, with leading retail bank SG and insurance franchise, premium private banking services, and the leading digital bank BoursoBank.
    • Global Banking and Investor Solutions, a top tier wholesale bank offering tailored-made solutions with distinctive global leadership in equity derivatives, structured finance and ESG.
    • Mobility, International Retail Banking and Financial Services, comprising well-established universal banks (in Czech Republic, Romania and several African countries), Ayvens (the new ALD I LeasePlan brand), a global player in sustainable mobility, as well as specialized financing activities.

    Committed to building together with its clients a better and sustainable future, Societe Generale aims to be a leading partner in the environmental transition and sustainability overall. The Group is included in the principal socially responsible investment indices: DJSI (Europe), FTSE4Good (Global and Europe), Bloomberg Gender-Equality Index, Refinitiv Diversity and Inclusion Index, Euronext Vigeo (Europe and Eurozone), STOXX Global ESG Leaders indexes, and the MSCI Low Carbon Leaders Index (World and Europe).

    In case of doubt regarding the authenticity of this press release, please go to the end of the Group News page on societegenerale.com website where official Press Releases sent by Societe Generale can be certified using blockchain technology. A link will allow you to check the document’s legitimacy directly on the web page.

    For more information, you can follow us on Twitter/X @societegenerale or visit our website societegenerale.com.

    Attachment

    The MIL Network –

  • MIL-OSI: Best Crypto Casinos: Rated Top 5 Bitcoin Online Casinos For Crypto Gambling – By NextCasinos

    Source: GlobeNewswire (MIL-OSI)

    PHILADELPHIA, May 20, 2025 (GLOBE NEWSWIRE) — NextCasinos, a trusted name in impartial casino evaluations, proudly presents its definitive guide to the best crypto casinos for 2025, available here.

    “The rise of crypto gambling has reshaped the online casino landscape, yet not all platforms meet high standards,” noted a NextCasinos representative. “Our expertly crafted guide highlights the top crypto casinos offering swift transactions, diverse gaming options, and rewarding promotions for a safe and exciting experience.”

    Following a thorough analysis of numerous crypto-accepting casino platforms, our team identified five best crypto casinos—JACKBIT, 7Bit Casino, KatsuBet, MIRAX Casino, and BitStarz—for their outstanding performance in withdrawal speed, game selection, bonus generosity, accessibility, and customer service.

    Featured Crypto Casinos And Their Top Promotions

    • JACKBIT: 30% Rakeback + No KYC + 100 Wager-Free Free Spins
    • 7Bit Casino: 325% up to 5.25 BTC + 250 Free Spins
    • KatsuBet: 325% up to 5 BTC + 200 Free Spins
    • MIRAX Casino: 325% up to 5 BTC + 150 Free Spins
    • BitStarz: $500 or 5 BTC + 180 Free Spins

    Detailed Insights Into Each Crypto Casino

    1. JACKBIT: Best Crypto Casino for Rakeback Rewards

    ✅CLICK HERE TO JOIN JACKBIT AND GET 100 WAGER-FREE SPINS!

    • Overview: JACKBIT stands out as a leading crypto gambling site, emphasizing player anonymity with no KYC requirements.
    • Why It Excels: Boasting over 7,500 games, including slots, live casino, and sports betting, JACKBIT is a haven for variety seekers. Its instant crypto withdrawals and privacy-focused no-KYC policy make it a top Bitcoin casino, while the 30% rakeback and 100 wager-free spins deliver unmatched value.

    Bonuses & Promotions

    • 30% Rakeback without wagering conditions
    • 100 wager-free spins
    • Welcome 100% no-risk sports bonus
    • Weekly prize pools of $10,000
    • Daily prize pools of 1000 free spins
    • Pragmatic Play Drops & Wins with a €2,000,000 prize pool
    • 3+1 FreeBet: Get Every Fourth Ticket in Sports as a Bonus
    • Weekly Sports Tournament: Prize pool of $20,000
    • NBA Playoffs Cashback
    • Bet Insurance: 10% cashback
    • Frequent social media exclusive offers

    2. 7Bit Casino: Best Bitcoin Casino For Huge BTC Bonuses

    ✅JOIN NOW AND CLAIM 325% UP TO 5.25 BTC + 250 FREE SPINS!

    Overview: 7Bit Casino is a trusted crypto casino renowned for its substantial cryptocurrency rewards.
    Why It Excels: Offering 6,800+ games, from slots to live dealers, 7Bit Casino is the best Bitcoin casino with fast payouts and a 325% bonus up to 5.25 BTC plus 250 free spins. Its robust loyalty program enhances player retention, making it a top crypto casino.

    Bonuses & Promotions
    Welcome offer: 325% up to 5.25 BTC + 250 free spins across four deposits:

    • 1st deposit: 100% + 100 free spins
    • 2nd deposit: 75% + 100 free spins
    • 3rd deposit: 50% match
    • 4th deposit: 100% + 50 free spins

    Other Promotions

    • Pre-Release Offer: 35 free spins
    • New Game Offer: 45 free spins
    • Weekly Cashback: Up to 20%
    • Monday Offer: 25% + 50 FS
    • Wednesday Offer: Up to 100 free spins
    • Weekend Offer: 50% match
    • Telegram Offer: 50 free spins
    • Telegram Friday Offer: 111 free spins
    • Telegram Sunday Offer: 66 free spins

    Tournaments

    • Royal Tables
    • Legends League
    • Lucky Spin
    • Betsoft Wild Ride

    3. KatsuBet: Best Crypto Casino For Jackpot Enthusiasts

    ✅CLICK TO JOIN KATSUBET AND START WITH A 325% BONUS + 200 FREE SPINS!

    • Overview: KatsuBet, launched in 2022, specializes in high-stakes jackpot games for thrill-seekers.
    • Why It Excels: Featuring 7,300+ games, KatsuBet’s 325% bonus up to 5 BTC with 200 free spins attracts jackpot hunters. Its VIP rewards make it the best crypto casino for long-term players seeking top crypto casinos.

    Bonuses & Promotions
    Welcome package: 325% up to 5 BTC + 200 free spins across four deposits:

    • 1st deposit: 100% up to 1.5 BTC + 100 free spins
    • 2nd deposit: 75% up to 1.25 BTC + 100 free spins
    • 3rd deposit: 50% up to 1.25 BTC
    • 4th deposit: 100% up to 1 BTC

    Other Promotions

    • High Roller Bonus: 50% up to 0.036 BTC
    • BTC-Exclusive: 75 free spins
    • Pre-release: Claim 35 free spins
    • New game: Claim 45 free spins
    • 25% Monday Reload Bonus: Get up to 0.006 BTC + 50 free spins
    • Wednesday Free Spins: Up to 100 free spins
    • Thursday Loot Boxes: Up to 100 free spins
    • Weekend Bonus: 35 free spins
    • Daily Cashback up to 10%
    • Birthday Bonus: Up to 200 free spins

    4. MIRAX Casino: Leading New Crypto Casino with Generous Free Spins

    ✅CLAIM YOUR 325% BONUS + 150 FREE SPINS AT MIRAX CASINO TODAY!

    • Overview: MIRAX Casino, a new crypto casino, offers an approachable platform perfect for beginners and seasoned players alike.
    • Why It Excels: With 7,200+ games and demo modes, this new crypto casino ensures accessibility for all skill levels. Its 325% bonus up to 5 BTC with 150 free spins, combined with rapid transactions and 24/7 support, makes MIRAX a standout new crypto casino for crypto gambling site enthusiasts.

    Bonuses & Promotions
    Welcome package: 325% bonus up to 5 BTC plus 150 free spins across four deposits:

    • 1st deposit: 100% up to 1.5 BTC + 100 free spins
    • 2nd deposit: 75% up to 1.25 BTC + 50 free spins
    • 3rd deposit: 50% up to 1.25 BTC
    • 4th deposit: 100% up to 1 BTC

    Other Promotions

    • New Game Bonus: Get 45 free spins
    • BTC Exclusive Bonus: Get 75 free spins
    • Monday Reload Bonus: Get 0.006 BTC + 50 free spins
    • Wednesday Reload Bonus: Get up to 100 free spins
    • Thursday Lootbox Bonus: Get up to 100 free spins
    • Weekend Free Spins: Get 33 free spins
    • Highroller Cashback: Up to 20%

    Tournaments

    • Paris Bloom Tournament
    • Weekly Tour de Chance
    • Weekend Festival

    5. BitStarz: Top Crypto Casino For Extensive Game Selection

    ✅CLICK HERE TO JOIN AND CHOOSE YOUR BONUS – $500 OR 5 BTC!

    Overview: BitStarz, an acclaimed best crypto casino, offers a vast gaming portfolio for diverse preferences.
    Why It Excels: With 6,500+ games and support for over 500 cryptocurrencies, BitStarz is the best crypto casino for variety. It’s a $500 or 5 BTC bonus with 180 free spins, quick withdrawals, and dynamic tournaments that solidify its status as a top Bitcoin casino.

    Bonuses & Promotions
    Welcome bonus: 300% up to $500 or 5 BTC + 180 free spins over four deposits:

    • 1st deposit: 100% up to 1 BTC + 180 free spins
    • 2nd deposit: 50% up to 1 BTC
    • 3rd deposit: 50% up to 2 BTC
    • 4th deposit: 100% up to $100 or 1 BTC

    Other Promotions

    • Monday Reload: 50% up to $300
    • Wednesday Spins: Up to 200 free spins

    Tournaments

    • Slot and table game tournaments
    • Originals Tournament: Prize pool of $5,000
    • Jackpotz Mania
    • Piggyz Mania
    • Bonuz Mania

    How We Ranked The Best Crypto Casinos

    Our selection of the top crypto casinos followed a rigorous, player-centric methodology to ensure reliability.

    • Comprehensive Analysis: We examined dozens of global crypto-accepting casino platforms for consistency. Each site was tested for performance across key metrics like security and usability. This thorough approach guaranteed that only top crypto casinos made our list.
    • Criteria Evaluation: We assessed game variety, bonus terms, payout speeds, and security protocols. Fairness in promotions and robust encryption were non-negotiable for trusted crypto casinos. These factors ensure players enjoy a seamless and safe experience.
    • User Feedback: Player reviews from platforms like Trustpilot shaped our rankings significantly. Authentic user experiences highlighted the strengths and weaknesses of crypto gambling sites. This input helped us prioritize platforms with strong reputations.
    • Transparency Check: We verified clear disclosure of terms, fees, and wagering requirements. Transparent policies build trust in top Bitcoin casinos. Only platforms with honest practices earned our endorsement.
    • Platform Usability: We tested desktop and mobile interfaces for intuitive navigation. Responsive design and fast load times are critical for the best BTC casinos. User-friendly platforms enhance overall satisfaction and accessibility.

    Responsible Gambling Tips

    Playing at the best Bitcoin casinos is entertaining but requires caution to prevent harm.

    • Budget Wisely: Only gamble with funds you can afford to lose, treating it as entertainment. Set a clear financial limit before playing to avoid overspending. This approach keeps gaming enjoyable without financial strain.
    • Understand Games: Learn the rules and odds of each game for informed decisions. Knowledge reduces risky bets and enhances your experience. Familiarity with game mechanics boosts confidence and control.
    • Take Breaks: Step away regularly to maintain a clear perspective. Short pauses prevent impulsive decisions during long sessions. Breaks help you stay refreshed and in charge of your gameplay.
    • Refrain from Pursuing Losses: Acknowledge losses as a natural aspect of gaming and move on. Staying disciplined preserves your enjoyment and financial health.
    • Use Casino Tools: Leverage deposit limits or self-exclusion options offered by casinos. These features help you manage spending and gaming time effectively. They promote responsible play and prevent harm.
    • Seek Support: Reach out to organizations like GamCare if gambling feels overwhelming. Professional help can provide guidance and coping strategies. Early intervention ensures a healthier relationship with gaming.

    Why These Rankings Matter

    Selecting the best crypto casinos enhances your gaming experience, avoiding pitfalls like slow payouts or unfair terms. NextCasinos’ guide focuses on transparency, spotlighting trusted crypto casinos like JACKBIT for privacy, 7Bit for bonuses, or BitStarz for game variety. Our mission is to empower players with informed choices for safe, enjoyable gambling.

    Why Players Prefer The Best Crypto Casinos

    The top crypto casinos, accepting Bitcoin, Ethereum, and more, have surged in popularity due to their unique advantages over traditional platforms. These crypto-accepting casino sites offer distinct benefits that appeal to modern gamblers. Here’s why players flock to top crypto casinos:

    • Enhanced Privacy and Anonymity

    Top Bitcoin casinos like JACKBIT provide anonymous gaming with minimal KYC, safeguarding personal data. This privacy appeals to players who value security in crypto gambling sites. The best Bitcoin casinos prioritize user confidentiality, making them a trusted choice.

    • Swift and Seamless Transactions

    Best BTC casinos process deposits and withdrawals in minutes, unlike traditional casinos’ delays. This efficiency ensures players access funds quickly, enhancing the appeal of top crypto casinos. Crypto accepting casino platforms streamline financial interactions for convenience.

    • Low or No Transaction Fees:

    Crypto gambling sites often eliminate or reduce fees, unlike credit card or bank transfer methods. This cost-saving feature of the best crypto casinos allows players to retain more winnings. Trusted crypto casinos pass these savings to users, boosting value.

    • Global Accessibility:

    Top bitcoin casinos operate without geographic or currency barriers, welcoming players worldwide. This universal access makes the best crypto casinos ideal for diverse audiences. Crypto gambling sites ensure seamless gaming regardless of location.

    • Generous Bonuses and Promotions:

    With lower overhead, the best crypto casinos offer lucrative bonuses like free spins and rakebacks. These incentives, seen in trusted crypto casinos like 7Bit, enhance player engagement. Top crypto casinos consistently provide rewarding promotions.

    While the top Bitcoin casinos offer clear benefits, players should note risks like cryptocurrency volatility affecting winnings. Careful consideration ensures a responsible and enjoyable experience at casinos accepting crypto platforms. Always choose trusted crypto casinos for safety.

    What Makes The Best Crypto Casinos Stand Out?

    NextCasinos evaluated crypto gambling sites based on five critical factors to identify the best crypto casinos:

    • Payout Efficiency: How fast are crypto withdrawals processed?
    • Game Diversity: Are there varied, high-quality games from reputable providers?
    • Bonus Transparency: Do bonuses offer value with fair terms?
    • Security Standards: Is the platform licensed with strong encryption and fair games?
    • User Experience: Is navigation intuitive with responsive support?

    These criteria filtered out subpar platforms, ensuring our list features only the best crypto casinos.

    Complete Guide

    Find in-depth reviews, game insights, and expert tips by checking out NextCasinos’ top picks for the best crypto casinos of 2025.

    Conclusion on The Best Crypto Casinos of 2025

    The best crypto casinos of 2025, including JACKBIT, 7Bit Casino, KatsuBet, MIRAX Casino, and BitStarz, redefine online gambling with their innovative features and player-focused offerings. By prioritizing privacy, speed, and generous rewards, these top crypto casinos cater to diverse gaming preferences while ensuring safety and fairness.

    NextCasinos’ guide equips you with the knowledge to choose a trusted crypto casino, enhancing your gaming journey with confidence and excitement.

    Frequently Asked Questions

    1. What makes JACKBIT a top choice among the best crypto casinos in 2025?

    JACKBIT’s no-KYC policy ensures anonymity, while its 7,500+ games and 100 wager-free free spins make it the leading crypto casino.

    2. Are the crypto casinos secure for players?

    Trusted crypto casinos like 7Bit Casino employ SSL encryption and provably fair games, ensuring safety when licensed by reputable authorities.

    3. How quickly do the best crypto casinos process withdrawals?

    Top bitcoin casinos like BitStarz handle crypto withdrawals in minutes, though fiat transactions may take 1-3 days.

    4. Is it possible to play secretly at the top cryptocurrency casinos?

    Yes, the best crypto casinos like JACKBIT offer no-KYC options for anonymous gaming, with some requiring verification for large withdrawals.

    5. Why choose the best crypto casinos over traditional platforms?

    Best BTC casinos provide faster transactions, lower fees, enhanced privacy, and exclusive bonuses, ideal for modern players.

    6. What games can I play at the best crypto casinos?

    Top crypto casinos like MIRAX offer slots, table games, live dealers, and sports betting, with thousands of options.

    Contact Us

    Reach out at support@NextCasinos.com or visit NextCasinos for more details.

    Email: support@NextCasinos.com

    General Disclaimer

    This article is for informational and entertainment purposes only, not legal or financial advice. Content reflects research and user reviews as of May 19, 2025. Verify details before proceeding.

    Casino And Gambling Disclaimer

    Online gambling carries risks and may not suit everyone. Ensure you meet legal gambling age requirements in your region, as laws differ. NextCasinos does not endorse gambling; participation is at your own risk, and we are not liable for losses or disputes.

    Affiliate Disclosure

    This article may contain affiliate links, earning us commissions for qualifying actions at no cost to you. These support our content creation. Our recommendations remain unbiased, focusing on valuable platforms.

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/15807656-ec5b-4853-859c-d99d0748ee60

    https://www.globenewswire.com/NewsRoom/AttachmentNg/e7df3620-de40-4511-9c41-16e105513f8b

    https://www.globenewswire.com/NewsRoom/AttachmentNg/433411ab-85af-4ac3-ba1c-5401eac6d565

    https://www.globenewswire.com/NewsRoom/AttachmentNg/1c03dd3e-f989-47f8-8ba9-565b043da7fb

    https://www.globenewswire.com/NewsRoom/AttachmentNg/ee80a2d9-3682-438b-a041-af038af8aa62

    https://www.globenewswire.com/NewsRoom/AttachmentNg/3843dd27-9576-44a9-9de6-a442b1c739b6

    The MIL Network –

  • MIL-OSI: UK’s Moneycorp selects Temenos SaaS to scale global business

    Source: GlobeNewswire (MIL-OSI)

    MADRID, Spain, May 20, 2025 (GLOBE NEWSWIRE) — Temenos (SIX: TEMN) today announced that Moneycorp, a leading global payments and FX platform, has selected Temenos to power their next phase of products and services offering. The UK headquartered payments and FX specialist will adopt Temenos SaaS for core banking and payments to achieve speed to market and scale efficiently as it expands products and services around the world.

    By moving to Temenos SaaS, Moneycorp can focus on business growth while benefiting from advanced wallet and payments capabilities to deliver an enhanced client experience on a scalable, secure service.

    Moneycorp operates globally, with offices in Europe, North America, South America, and Asia, facilitating payments and foreign exchange transactions for corporates, financial institutions and private clients. In 2023, the company handled £71bn in trading volume serving 11,000 B2B clients, 250 financial institutions, and over 23,000 individuals. With 63 regulatory permissions worldwide, the group processes over 1 million payments annually, reaching 190 countries.

    With multi-geographic support, Moneycorp can seamlessly roll out new capabilities worldwide, leveraging a build-once, deploy anywhere approach across different regulatory jurisdictions. By utilizing Temenos Model Bank with pre-configured banking functionality and country-specific localization, Moneycorp will achieve faster time to value while reducing costs and delivery risk. Temenos’ open, API-based architecture will simplify integration with Moneycorp’s ecosystem, further accelerating innovation and enhancing operational agility.

    Srini Kasturi, Group Chief Technology Officer, Moneycorp, said: “Best-in-class technology is key to delivering the seamless client experience and personalized service that Moneycorp is known for, so we’re delighted to partner with Temenos, an established global leader in banking technology. Temenos’ multi-country support and localization will enable us to launch new solutions quickly around the world, while running on SaaS will help us to scale efficiently while maintaining our focus on delivering our award-winning, easy to use service to customers worldwide.”

    Mark Yamin-Ali, Managing Director, Europe, Temenos, commented: “We’re proud to partner with Moneycorp, a U.K. success story and world leading cross-border payments provider. This strategic transformation which will see Temenos underpin Moneycorp’s core banking and payments ecosystem across its global operation. Moneycorp sought a SaaS solution with deep functionality and the latest technology—capabilities only Temenos could deliver—along with our expertise in Western Europe and the U.S. We look forward to working with Moneycorp to drive the next phase of their impressive growth story.”

    The MIL Network –

  • MIL-OSI Submissions: Australia Banking Sector – CBA cuts interest rates for business bank customers

    Source: Commonwealth Bank of Australia

    The Commonwealth Bank has responded to the Reserve Bank of Australia’s cash rate decision, reducing rates on eligible business banking products.

    Commonwealth Bank will reduce interest rates by 25 basis points per annum (p.a.) on eligible business lending products, following the Reserve Bank of Australia (RBA) decision to decrease the official cash rate by 0.25% p.a.

    The rate reduction will apply to CBA Business Bank’s Variable Base Rate, Residential Equity Rate, and Overdraft Reference Rate, flowing through to business lending products including BetterBusiness Loans and Business Overdrafts. These rate changes will be effective 30 May 2025.

    CBA Group Executive Business Banking, Mike Vacy-Lyle, said: “Australian businesses have been navigating unexpected challenges in recent months – from global trade tensions and volatile market swings to cyclones, droughts, bushfires and flooding. Businesses have also grappled with unexpected expenses and cashflow pressures from rising input prices and higher labour costs.

    “While elevated uncertainty poses an ongoing risk to both global and domestic growth, Australia remains relatively well positioned to navigate these challenges, and as inflation moderates, the economy is showing signs of improvement.

    “We’ll continue to focus on supporting our customers, allowing them to grow and invest in their operations. We also know that some businesses are finding it tough, and we have a range of measures available for businesses facing difficulty. Any customer needing support should contact our dedicated Business Financial Assistance team.”

    Support for small businesses customers

    A range of support options are available for business customers. These include:

    Reduced payments for a period of time
    Extension of a loan term
    Debt restructure
    Debt refinance
    Concessions for certain fees and charges

    MIL OSI – Submitted News –

  • MIL-OSI Submissions: Australia Banking Sector – CBA announces interest rate reductions

    Source: Commonwealth Bank of Australia

    The Commonwealth Bank has responded to the Reserve Bank of Australia’s cash rate decision.

    Following the Reserve Bank of Australia’s (RBA) decision to decrease the official cash rate by 0.25% per annum (p.a.), CBA will decrease home loan variable interest rates by 0.25% p.a.

    All home loan variable rate changes announced today will be effective 30 May 2025.

    CBA’s Group Executive, Retail Banking Services, Angus Sullivan said: “Today’s decision will help to deliver some much-needed additional relief for many Australians with a mortgage.

    “When combined with the February rate cut this change should free up some more cash flow for homeowners who need it. We know many have had tighter budgets in recent months and will welcome that additional flexibility.

    “Today’s announcement of a 0.25% p.a. rate cut will help to deliver a monthly saving of approximately $80 for home loan customers making principal and interest repayments on an average loan size of $500,000. After two rate cuts many home loan customers will start to see a more meaningful change month to month.”

    Following the February rate reduction, around 14 per cent of eligible1 customers reduced their direct debit repayments, with many others choosing to continue paying off their home loan at a slightly faster rate. Mr Sullivan said for those customers who would like to reduce their home loan direct debit following today’s rate cut announcement, they will be able to do so via the CommBank app or NetBank the day after the rate change is effective.  

    “We know homeowners like to manage their finances in line with their individual budgets and they can change their direct debits very simply via our digital channels,” he said.

    Support for home loan customers

    For our home loan customers we have a range of support options available that can help them navigate today’s change. These include:

    • Estimating future home loan repayments via the home loan repayments calculator. You can also estimate the impact additional payments can make to your loan balance and duration.   
    • Changing the repayment amount and frequency of home loan payments. Eligible customers can reduce their mortgage repayments and align their repayment timing to when and how often they are paid via the CommBank app or NetBank.

    A range of money management support and tools are also available in the CommBank app. These include:

    • Spend Tracker in the CommBank app to help categorise your debit and credit card transactions, making it easier to see the impact your spending decisions have on your everyday finances.
    • Category budgets to set weekly, fortnightly or monthly budgets for different categories of your spending – from entertainment to transport, eating out and shopping. You can see how your spending compares to the budget you set yourself, to help you stay on track.

    MIL OSI – Submitted News –

  • Sensex, Nifty open a tad lower amid nixed global cues

    Source: Government of India

    Source: Government of India (4)

    The domestic benchmark indices opened lower on Tuesday amid mixed global cues, with selling seen in the auto, PSU bank, and financial services sectors during early trade.

    At around 9:31 am, the Sensex was trading 40.79 points, or 0.05 percent, down at 82,018.63, while the Nifty declined by 22.10 points, or 0.09 percent, at 24,923.35.

    The Nifty Bank was down by 51.40 points, or 0.09 percent, at 55,369.30. The Nifty Midcap 100 index was trading at 56,943.00, having declined by 162.45 points, or 0.28 percent. The Nifty Smallcap 100 index stood at 17,606.90, down by 42.75 points, or 0.24 percent.

    According to analysts, from a technical perspective, the Nifty formed a bearish candle on the daily chart while trading within an inside bar pattern, closing just below the crucial 25,000 level.

    The Indian Rupee exhibited strength, appreciating by 10 paise against the greenback to settle at 85.40.

    Meanwhile, in the Sensex pack, Tata Steel, Sun Pharma, Infosys, Tech Mahindra, ITC, Adani Ports, L&T, and HCL Tech were the top gainers. Power Grid, Nestle India, Titan, Kotak Mahindra Bank, M&M, and HDFC Bank were the top losers.

    In the Asian markets, China, Hong Kong, Japan, Bangkok, Seoul, and Jakarta were trading in the green.

    In the last trading session, the Dow Jones in the US closed at 42,792.07, up by 137.33 points, or 0.32 percent. The S&P 500 ended with a gain of 5.22 points, or 0.09 percent, at 5,963.60, and the Nasdaq closed at 19,215.46, up by 4.36 points, or 0.02 percent.

    On the institutional front, both foreign and domestic investors turned cautious, marking the first simultaneous sell-off in over a month.

    According to provisional data from the NSE, foreign institutional investors (FIIs) sold Indian equities worth Rs 525.95 crore on May 19, while domestic institutional investors (DIIs) were net sellers to the tune of Rs 237.93 crore.

    IANS

  • GeM completes eight years with 1.64 lakh buyers and 4.2 lakh sellers, leading India’s public procurement reform

    Source: Government of India

    Source: Government of India (4)

    The Government e Marketplace (GeM), India’s national public procurement portal, celebrated its 8th Incorporation Day with a renewed commitment to inclusive growth, digital governance, and economic empowerment. On this occasion, GeM launched GeMAI, India’s first generative AI-powered chatbot for the public sector, marking a significant milestone in digital public service delivery.

    Driving Innovation and Inclusion

    Speaking at the event, GeM CEO Mihir Kumar said that GeM continues to innovate and empower, aiming to unlock opportunities for every Indian entrepreneur. He emphasized that the platform’s vision goes beyond procurement to create a more accessible, efficient, and equitable marketplace, especially for micro and small enterprises, startups, weavers, and women-led businesses.

    Expanding Reach and Economic Impact

    Over the years, GeM has significantly expanded its reach and impact. The platform now supports over 1.64 lakh primary buyers and 4.2 lakh active sellers. It offers more than 10,000 product categories and 330 services. Independent studies by the World Bank and findings from India’s Economic Survey have highlighted the platform’s effectiveness, citing an average cost saving of nearly 10 percent in government procurement through GeM.

    Empowering Small Sellers and Entrepreneurs

    In line with its goal of empowering traditionally underrepresented groups, GeM has onboarded over 10 lakh micro and small enterprises, 1.3 lakh artisans and weavers, 1.84 lakh women entrepreneurs, and 31,000 startups. Kumar noted that through transparent bid dissemination and integration of diverse stakeholders such as self-help groups and farmer producer organizations, GeM has redefined public procurement in India.

    Lowering Costs and Simplifying Participation

    The platform has also significantly reduced costs for sellers. Currently, 97 percent of all transactions are free from transaction charges. Fee structures have been revised, with reductions ranging from 33 percent to 96 percent and a cap of ₹3 lakh for orders exceeding ₹10 crore, down from the earlier ₹72.5 lakh. For small sellers with an annual turnover below ₹1 crore, the caution money deposit has been cut by 60 percent, with full exemptions for specific categories.

    Enabling Strategic and High-Value Procurements

    GeM has also played a critical role in key national procurements, including ₹5,000 crore worth of equipment for the Akash Missile System and ₹5,085 crore in vaccine procurement. The platform is enabling a wide range of complex services such as drone-as-a-service for AIIMS, GIS and insurance coverage for over 1.3 crore lives, and the wet leasing of chartered flights and CT scanners.

    Nationwide Adoption and Digital Integration

    The platform is now operational across all 36 states and union territories. Uttar Pradesh has emerged as a leader in GeM adoption. Eight states, including Maharashtra, Manipur, Gujarat, Himachal Pradesh, Assam, Uttarakhand, and Chhattisgarh, have made GeM usage mandatory. Successful integrations with Integrated Financial Management Systems (IFMS) have been completed in Assam, Kerala, Odisha, West Bengal, and Delhi, with upcoming implementations planned in Gujarat, Karnataka, and Uttar Pradesh.

    Pioneering AI in Public Service Delivery

    In a significant digital governance initiative, GeM has introduced GeMAI, a generative AI chatbot designed to enhance user support. The chatbot supports both voice and text interactions in 10 Indian languages, reflecting GeM’s vision of inclusive, intelligent service. Alongside, the platform has adopted advanced analytics for real-time fraud detection, risk mitigation, and ongoing monitoring to ensure transparency and accountability.

  • Good discussions on expediting first tranche of India-US trade pact: Piyush Goyal

    Source: Government of India

    Source: Government of India (4)

    Union Commerce and Industry Minister Piyush Goyal on Tuesday said that he had held fruitful talks with US Commerce Secretary Howard Lutnick towards concluding the first tranche of the India-US Bilateral Trade Agreement (BTA).

    India and the US are working to sign the first tranche of the BTA to reduce tariffs before the agreed timeline of fall 2025, as the terms of reference for the pact have already been finalized.

    “Good discussions with Secretary @Howard Lutnick towards expediting the first tranche of the India-US Bilateral Trade Agreement,” Goyal posted on the X social media platform.

    Earlier, Goyal had said that “very good negotiations” with the US were underway.

    India presents a compelling case to the United States for a bilateral trade deal, given the outlook on growth and demographics.

    “Looking at the growth India offers in the next 25-30 years, with a large, aspirational, young population who will add to the demand for goods and services, we believe India will be a compelling case for entering into a good agreement with the US,” Goyal had told reporters.

    If both countries reach an agreement on reducing tariffs, it would lead to higher trade between the US and India. Prime Minister Narendra Modi and US President Donald Trump have set an ambitious target of $500 billion in bilateral trade by 2030, as stated in a joint statement during the Indian PM’s recent visit to Washington, DC.

    Trump claimed last week that India offered to remove all tariffs on American goods, but added that he was in no rush to finalize a trade deal despite the apparent breakthrough.

    External Affairs Minister S. Jaishankar also commented last week that the ongoing trade negotiations are complex.

    “Trade talks between India and the US have been ongoing. These are complicated negotiations. Nothing is decided until everything is. Any trade deal has to be mutually beneficial; it has to work for both countries. That would be our expectation from the trade deal. Until that is done, any judgment on it would be premature,” EAM Jaishankar said while speaking to reporters.

    IANS

     

  • MIL-OSI Banking: Result of the Daily Variable Rate Repo (VRR) auction held on May 20, 2025

    Source: Reserve Bank of India

    Tenor 1-day
    Notified Amount (in ₹ crore) 25,000
    Total amount of bids received (in ₹ crore) 4,617
    Amount allotted (in ₹ crore) 4,617
    Cut off Rate (%) 6.01
    Weighted Average Rate (%) 6.01
    Partial Allotment Percentage of bids received at cut off rate (%) NA

    Ajit Prasad          
    Deputy General Manager
    (Communications)    

    Press Release: 2025-2026/373

    MIL OSI Global Banks –