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Category: China

  • MIL-OSI China: Naval fleet led by aircraft carrier Shandong concludes Hong Kong visit

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

    An aerial drone photo taken on July 4, 2025 shows visitors on-board the aircraft carrier Shandong anchored in Victoria Harbor in Hong Kong, south China. [Photo/Xinhua]

    A fleet of the Chinese People’s Liberation Army (PLA) Navy, led by the aircraft carrier Shandong, departed south China’s Hong Kong on Monday morning, wrapping up a five-day visit.

    The Hong Kong Special Administrative Region (HKSAR) government organized a farewell ceremony at the Stonecutters Island Naval Base.

    Early that morning, locals and student representatives gathered at the dock of the PLA Hong Kong Garrison’s naval base in Stonecutters Island, where the Zhanjiang missile destroyer and the Yuncheng missile frigate were prepared for departure. In the vibrant waters of Victoria Harbor, the aircraft carrier Shandong and the Yan’an missile destroyer displayed signal flags stating “Thanks for your support” and “Serving the people.”

    Around 10 a.m., the farewell ceremony began, during which the fleet’s commander expressed sincere gratitude to the HKSAR government and the public for their warm welcome. Guests of honor took part in a memorable photo session, capturing the moment.

    After the ceremony, the Zhanjiang and Yuncheng sounded their naval whistles, and the crew lined the sides to wave goodbye to the crowd on the dock. The two vessels then departed to join the Shandong and Yan’an in a designated sea area, escorted by HKSAR helicopters and vessels.

    Throughout their visit, the naval fleet engaged in a variety of activities, including a deck reception, ship tours, training demonstrations, national defense lectures, and cultural exchanges. These events ignited enthusiasm and patriotism among Hong Kong residents.

    Young students proudly unfurled a large national flag on the deck of Shandong, while the elderly moved to tears stood aboard the ships. Residents joined the officers in singing songs, and the dock’s message wall was filled with blessings for the nation and expressions of gratitude for the PLA.

    Statistics indicate that over 30,000 people visited the naval vessels during the fleet’s stay, creating cherished memories for both the naval personnel and their Hong Kong compatriots.

    MIL OSI China News –

  • MIL-OSI China: US dominate Germany to claim FIBA U19 World Cup title

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

    The United States reclaimed the FIBA U19 Basketball World Cup crown in emphatic fashion on Sunday, overpowering Germany 109-76 in the championship game.

    The victory marks Team USA’s record-extending ninth title in the tournament’s history.

    Fueled by a dominant performance throughout the competition, Team USA capped a perfect 7-0 run, setting a new tournament record for points per game with an average of 114.6.

    USA’s AJ Dybantsa was named the Most Valuable Player of the tournament. He contributed 11 points, six rebounds and two assists in the final, averaging 14.3 points, 4.1 rebounds, 2.3 assists and 1.1 steals per game.

    Despite their overall dominance, the USA faced a significant test in the quarterfinals, narrowly overcoming Canada by just six points. They responded with a resounding 56-point semifinal win over New Zealand to reach the final.

    Germany, making its first-ever appearance in the U19 World Cup medal rounds and ultimately securing silver, started strong in the final with a 16-9 lead.

    The USA regrouped with a 15-7 run to seize the lead and entered halftime with a nine-point advantage. Any hopes of a German comeback were extinguished immediately after the break, as the Americans unleashed a 22-2 surge. Germany, the European U18 champions, could not recover from the deficit.

    Six American players scored in double figures, led by Morez Johnson with 15 points.

    In the bronze medal game, Slovenia defeated New Zealand 91-87 to secure third place.

    MIL OSI China News –

  • MIL-OSI Russia: The Jinshanling section of the Great Wall of China in clouds and fog

    Translation. Region: Russian Federal

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

    An important disclaimer is at the bottom of this article.

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

    CHENGDE, Hebei Province, July 6 (Xinhua) — The Jinshanling section of the Great Wall of China in Luanping County of Chengde City, north China’s Hebei Province, was shrouded in clouds and fog on Saturday morning.

    CHENGDE, Hebei Province, July 6 (Xinhua) — The Jinshanling section of the Great Wall of China in Luanping County of Chengde City, north China’s Hebei Province, was shrouded in clouds and fog on Saturday morning.

    CHENGDE, Hebei Province, July 6 (Xinhua) — The Jinshanling section of the Great Wall of China in Luanping County of Chengde City, north China’s Hebei Province, was shrouded in clouds and fog on Saturday morning.

    CHENGDE, Hebei Province, July 6 (Xinhua) — The Jinshanling section of the Great Wall of China in Luanping County of Chengde City, north China’s Hebei Province, was shrouded in clouds and fog on Saturday morning.

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

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    MIL OSI Russia News –

  • MIL-OSI Russia: Russian Consul General in Shenyang visited Changchun School of Foreign Languages

    Translation. Region: Russian Federal

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

    An important disclaimer is at the bottom of this article.

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

    BEIJING, July 7 (Xinhua) — Consul General of the Russian Federation in Shenyang Natalia Sergeyevna Pryzhkova recently visited the Changchun School of Foreign Languages (CSFL, Jilin Province, northeast China).

    According to a message on the official WeChat account of the aforementioned educational institution, during the visit, negotiations took place between Consul General N. Pryzhkova and the school’s director Wang Hao.

    On behalf of the school, Wang Hao warmly welcomed the guests and spoke in detail about the main areas of work of the educational institution, focusing in particular on the features and achievements in teaching the Russian language.

    As the only school in Jilin Province that teaches Russian, CNIL teaches Russian from grades 7 to 12. Currently, 240 students are studying Russian.

    CSIJ attaches great importance to exchanges and cooperation with Russian educational institutions. As the relationship between China and Russia steadily strengthens, the school actively strives to further strengthen ties with Russian schools and deepen cooperation and exchanges with them.

    Consul General N. Pryzhkova highly praised the school’s educational environment, rich in international exchange events, as well as the atmosphere conducive to learning. She expressed her readiness to provide the school with all possible support in establishing close ties with Russian educational institutions, facilitating regular exchanges between Chinese and Russian students.

    After the talks, the delegation headed by the Consul General visited specialized Russian language classrooms, a student dormitory and the school history museum. The guests spoke positively about the atmosphere of studying Russian in the special classrooms and praised the cleanliness, order, and also highly appreciated the modern infrastructure of the student dormitory. -0-

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

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    MIL OSI Russia News –

  • MIL-OSI Russia: The Central Archives of the CPC Central Committee has opened more than 57,000 documents to the public

    Translation. Region: Russian Federal

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

    An important disclaimer is at the bottom of this article.

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

    BEIJING, July 7 (Xinhua) — The Central Archives of the Communist Party of China (CPC) Central Committee on Monday opened more than 57,000 documents to the public to mark the 80th anniversary of the victory of the Chinese People’s War of Resistance Against Japanese Aggression and the World Anti-Fascist War.

    The new archives, which have been made available to the public, include more than 40,000 special materials covering the Chinese People’s War of Resistance Against Japanese Aggression from September 1931 to September 1945.

    The special archives that have been made public are said to be telegrams, communiqués, reports, papers and other documents compiled by party organizations at all levels, competent organs, military units and mass associations led by the Communist Party of China. They focus on the leadership of the CPC.

    Anyone interested may view these archival materials upon presentation of an identity card, service ID or other appropriate document. -0-

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

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    MIL OSI Russia News –

  • MIL-OSI Russia: BRICS represents an opportunity to create a fairer world order: Malaysian PM

    Translation. Region: Russian Federal

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

    An important disclaimer is at the bottom of this article.

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

    KUALA LUMPUR, July 7 (Xinhua) — The BRICS grouping, which has proven itself to be a strong and principled force, represents an opportunity to shape a more balanced and fair international order, Malaysian Prime Minister Anwar Ibrahim said.

    The Prime Minister said in a statement that existing international institutions need to be reformed to reflect the changing global reality and take into account the aspirations of developing countries.

    “I also call for a major overhaul of global institutions such as the UN, the International Monetary Fund, the World Bank and the World Trade Organization so that they better reflect modern realities and the needs of developing countries, rather than remaining within the outdated structures that emerged after World War II,” he said.

    A. Ibrahim, who attended the 17th BRICS summit in Brazil, also noted that the association should strengthen economic cooperation both among member countries and with other regional associations such as the Association of Southeast Asian Nations (ASEAN).

    “BRICS and ASEAN members should also continue to strengthen strategic cooperation, including expanding intra-regional trade and investment for mutual benefit of developing countries,” he stressed. –0–

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

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    MIL OSI Russia News –

  • MIL-OSI Russia: Israel Strikes Yemeni Red Sea Ports

    Translation. Region: Russian Federal

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

    An important disclaimer is at the bottom of this article.

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

    SANAA/JERUSALEM, July 7 (Xinhua) — Israel launched a series of airstrikes on Yemen’s Red Sea ports in the western province of Hodeida late Sunday.

    The strikes came minutes after the Israeli military issued an urgent evacuation warning on the X social media platform. Witnesses reported explosions in several locations along Yemen’s west coast, including the port of Hodeida.

    Israeli Defense Minister Israel Katz said in a statement that the strikes targeted what he described as Houthi strongholds, including the ports of Hodeida, al-Salif and Ras Isa, the Ras Katib power plant and the Galaxy Leader ship, which was captured by Houthi forces in November 2023.

    He suggested that a wider escalation could follow. “Yemen will be treated the same way as Tehran,” he said. “The Houthis will continue to pay a high price for their actions.”

    Earlier on Sunday, a rocket fired by Houthi forces triggered air raid sirens in southern Israel and was intercepted without casualties, the Israeli army said. The Houthis said it was a hypersonic missile aimed at Ben Gurion Airport near Tel Aviv.

    Israel has carried out several strikes on key ports and infrastructure in Yemen in recent months, while the Houthis continue to fire rockets into Israel while declaring solidarity with the Palestinians in Gaza. –0–

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

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    MIL OSI Russia News –

  • MIL-OSI Russia: Second direct international air route between Shanxi Province and Moscow officially launched

    Translation. Region: Russian Federal

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

    An important disclaimer is at the bottom of this article.

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

    BEIJING, July 7 (Xinhua) — A direct international air route between Datong City in North China’s Shanxi Province and Moscow was officially launched on Sunday, marking the opening of a second tourist air route between the Russian capital and China’s Shanxi Province, Zhongxinshe News Agency reported.

    Flights Y7535/Y7536 on this route will be operated once a week. According to the schedule, the aircraft departs Moscow on Saturdays at 18:45 Moscow time and arrives in Datong at 08:50 the next day Beijing time. The return flight is operated on Sundays at 10:30 Beijing time from Datong, landing at Moscow airport at 15:35 local time.

    Let us recall that in April of this year, a charter flight Taiyuan-Moscow was opened. From the 17th to the beginning of the 20th century, the famous Great Tea Road connected the modern province of Shanxi and Russia. And the opening of flights Taiyuan-Moscow and Datong-Moscow will allow the two sides to deepen their friendship and intensify interactions.

    According to Li Zhiwei, CEO of Baohua Travel, Moscow and St. Petersburg are very attractive to Chinese travelers. Shanxi Province, where many attractions have been preserved, is also an interesting destination for Russian tourists. -0-

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

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    MIL OSI Russia News –

  • MIL-OSI Russia: A forum on entering the Russian market was held in Dongguan, southern China

    Translation. Region: Russian Federal

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

    An important disclaimer is at the bottom of this article.

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

    BEIJING, July 7 (Xinhua) — The “Entering the Russian Market” forum was successfully held in Dongguan, south China’s Guangdong Province, on Thursday. The event brought together government, business, science and research leaders to discuss new opportunities in the Russian market for enterprises in the Guangdong-Hong Kong-Macao Greater Bay Area.

    According to the Phoenix news portal, Zhang Yuliang, vice-mayor of Hunchun City (Jilin Province, Northeast China), delivered a welcoming speech. He emphasized Hunchun’s advantageous geographical position as an important city bordering Russia in the area of cross-border cooperation, outlining bright prospects for Chinese-Russian trade and economic cooperation for the participants.

    Then, Chen Ping, an official from Dongguan Association for the Promotion of Trade, presented an in-depth analysis of the opportunities and ways for enterprises in the Greater Bay Area to enter the Russian market, offering practical recommendations.

    At the roundtable, participants launched an active discussion on the topic “The Russian market in 2025: advantages, risks, breakthrough strategies and integration paths.” Experts proposed multifaceted approaches to entering the Russian market, examining issues of coordinating political measures and guidelines, platform business activities, ensuring supply chains and other aspects.

    During the interactive session, participants actively asked questions, and experts gave detailed answers, creating a lively atmosphere. As the discussion deepened, participants’ understanding of the Russian market became clearer, and their vision of ways to enter the Russian market became clearer. -0-

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

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    MIL OSI Russia News –

  • BRICS demand wealthy nations fund global climate transition

    Source: Government of India

    Source: Government of India (4)

    Leaders of the BRICS group of developing nations prepared to address the shared challenges of climate change on Monday, the final day of their summit in Rio de Janeiro, demanding that wealthy nations fund global mitigation of greenhouse emissions.

    Brazilian President Luiz Inacio Lula da Silva has touted the importance of the Global South in tackling global warming as he prepares to host the United Nations climate summit in November.

    Still, a joint statement from BRICS leaders released on Sunday argued that fossil fuels will continue to play an important role in the global energy mix, particularly in developing economies.

    “We live in a moment of many contradictions in the whole world. The important thing is that we are willing to overcome these contradictions,” Brazil’s Environment Minister Marina Silva said on the sidelines of the summit, when asked about the plans to extract oil off the coast of the Amazon rainforest.

    In their joint statement, BRICS leaders underscored that providing climate finance “is a responsibility of developed countries towards developing countries,” which is the standard position for emerging economies in global negotiations.

    Their declaration also mentioned the group’s support for a fund that Brazil proposed to protect endangered forests – the Tropical Forests Forever Facility – as a way for emerging economies to fund climate change mitigation beyond the mandatory requirements imposed on wealthy nations by the 2015 Paris Agreement.

    China and the UAE signaled in meetings with Brazilian Finance Minister Fernando Haddad in Rio that they plan to invest in the fund, two sources with knowledge of the discussions Reuters media last week.

    The joint statement from BRICS leaders also blasted policies such as carbon border taxes and anti-deforestation laws, which Europe has recently adopted, for imposing what they called “discriminatory protectionist measures” under the pretext of environmental concerns.

    (Reuters)

  • BRICS demand wealthy nations fund global climate transition

    Source: Government of India

    Source: Government of India (4)

    Leaders of the BRICS group of developing nations prepared to address the shared challenges of climate change on Monday, the final day of their summit in Rio de Janeiro, demanding that wealthy nations fund global mitigation of greenhouse emissions.

    Brazilian President Luiz Inacio Lula da Silva has touted the importance of the Global South in tackling global warming as he prepares to host the United Nations climate summit in November.

    Still, a joint statement from BRICS leaders released on Sunday argued that fossil fuels will continue to play an important role in the global energy mix, particularly in developing economies.

    “We live in a moment of many contradictions in the whole world. The important thing is that we are willing to overcome these contradictions,” Brazil’s Environment Minister Marina Silva said on the sidelines of the summit, when asked about the plans to extract oil off the coast of the Amazon rainforest.

    In their joint statement, BRICS leaders underscored that providing climate finance “is a responsibility of developed countries towards developing countries,” which is the standard position for emerging economies in global negotiations.

    Their declaration also mentioned the group’s support for a fund that Brazil proposed to protect endangered forests – the Tropical Forests Forever Facility – as a way for emerging economies to fund climate change mitigation beyond the mandatory requirements imposed on wealthy nations by the 2015 Paris Agreement.

    China and the UAE signaled in meetings with Brazilian Finance Minister Fernando Haddad in Rio that they plan to invest in the fund, two sources with knowledge of the discussions Reuters media last week.

    The joint statement from BRICS leaders also blasted policies such as carbon border taxes and anti-deforestation laws, which Europe has recently adopted, for imposing what they called “discriminatory protectionist measures” under the pretext of environmental concerns.

    (Reuters)

  • MIL-OSI China: Full Text: Remarks by Chinese Premier Li Qiang at the session on peace and security and global governance reform of the XVII BRICS Summit

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

    Full Text: Remarks by Chinese Premier Li Qiang at the session on peace and security and global governance reform of the XVII BRICS Summit

    RIO DE JANEIRO, July 6 — Chinese Premier Li Qiang delivered a speech on Sunday at the plenary session of “Peace and Security and Reform of Global Governance” of the 17th BRICS Summit.

    The following is the full text of the speech:

    Remarks by H.E. Li Qiang

    Premier of the State Council of the People’s Republic of China

    At the Session on Peace and Security and Global Governance Reform Of the XVII BRICS Summit

    Rio de Janeiro, July 6, 2025

    Your Excellency President Luiz Inacio Lula da Silva,

    Colleagues,

    First of all, congratulations on the successful opening of this summit. I thank President Lula and the government of Brazil for the work they have done in hosting this summit, and I welcome Indonesia as a full BRICS member.

    Today, transformations unseen in a century are accelerating in the world. Geopolitical conflicts and economic and trade frictions keep emerging, flames of war continue to rage in some regions, international rules and order face serious challenges, and the authority and efficacy of multilateral mechanisms are weakening. All parties have come to see the growing necessity and urgency to reform the global governance system. And all are participating in and promoting the reform of global governance through various means, either on their own initiative or otherwise. China believes that in this process, one must firmly safeguard the shared interests of the international community and always stand on the right side of history. This is the only way to avoid taking a wrong turn or backpedaling, and to march forward in big strides toward peace, security, prosperity and sustainable development.

    In 2015, President Xi Jinping put forward the global governance vision of extensive consultation and joint contribution for shared benefit, offering China’s solution to the global governance challenge. Ten years on, this important vision has gained growing global influence. Given the interwoven changes and turbulence in the current international landscape, this global governance vision of extensive consultation and joint contribution for shared benefit holds even greater value and relevance, here and now. In the face of heightened differences and disagreements, we need the spirit of equality and respect to enable more extensive consultation. The conflicts and disputes happening across the globe have their roots in the lack of trust and communication. Power politics and bullying are never the right way to solve problems. The security and development of all countries should be respected. There should be less arrogance and prejudice, and more sincerity and understanding. We need to look for the best answer that serves the interests of all through friendly consultation conducted on the basis of equality. In the face of deeply intertwined and shared interests, we need united and collaborative actions to enhance our joint contribution. Humanity lives in the same global village, and countries have increasingly become one community with a shared future. Whether it is tackling global challenges or promoting long-term development, no country can do it alone. Only by standing together in solidarity and working in close collaboration can we build a better home for us all. In the face of development opportunities where cooperation brings win-win results, we need wholehearted embrace of other’s success as our own to expand shared benefits. Development should not be a zero-sum game where one profits at the expense of the other, but a win-win story where all can benefit through mutual assistance. Countries’ development ought to be opportunities, not threats, to each other. When everyone is willing to share opportunities with others, there will be more opportunities and benefits to share.

    Over the years, Global South countries have grown stronger and become champions of and contributors to the reform and improvement of the global governance system. Standing at the forefront of the Global South, we BRICS countries should uphold independence, act with a sense of responsibility, take bigger steps to build consensus and synergy, and strive to be the pioneering force in advancing global governance reform.

    First, we should uphold justice and safeguard world peace and tranquility. Achieving fairness and justice is a persistent pursuit of BRICS countries and an important theme of BRICS cooperation. When international rules are being undermined and bullying practices are on the rise, we need to stand up for what is right and speak up for justice. We need to act as a positive and stable force for good in the world, promote dispute settlement by peaceful means, and seek solutions that address the root causes based on the true merits of issues.

    Second, we should focus on development and bolster the driving forces of economic growth. China’s journey of reform and opening up shows that in solving all problems, development is the foundation and key. It is true to big developing countries like China. It is also true to other countries of the Global South and beyond. With notable advantages in market, resources, industries and other factors, BRICS countries should play an active part in spearheading development cooperation, unlock the growth potential in emerging areas, and continue to explore new space for mutually beneficial cooperation. This year, China will establish the China-BRICS New Quality Productive Forces Research Center and the BRICS New Industry Golden Egret Excellence Scholarships, which will help BRICS countries train talents in areas such as industry and telecommunication, and pursue innovation-driven development.

    Third, we should uphold inclusiveness and promote exchange and mutual learning among civilizations. Dialogue between civilizations can build bridges for peace and friendship and inspire wisdom for common development. With rich histories and cultures, BRICS countries should be advocates of harmonious coexistence of civilizations. We need to call for respect for cultural diversity in the world, and work to ensure that different civilizations inspire each other and prosper together.

    China is ready to work with fellow BRICS members to make global governance more just, equitable, efficient and well-ordered, and build a better world together.

    Thank you.

    MIL OSI China News –

  • MIL-OSI: Capgemini to acquire WNS to create a global leader in Agentic AI-powered Intelligent Operations

    Source: GlobeNewswire (MIL-OSI)

    Media relations:
    Victoire Grux
    Tel.: +33 6 04 52 16 55
    victoire.grux@capgemini.com

    Investor relations:
    Vincent Biraud
    Tel.: +33 1 47 54 50 87
    vincent.biraud@capgemini.com

    Capgemini to acquire WNS to create a global leader in Agentic AI-powered Intelligent Operations

    • Creation of a leader in Intelligent Operations to capture enterprise investment in Agentic AI to transform their end-to-end business processes
    • Acquisition of a leading player in Digital BPS (Business Process Services) to combine capabilities and scale to address the strategic opportunity driven by Agentic AI
    • Transaction immediately accretive to Capgemini’s revenue growth and operating margin
    • Expected accretion to Capgemini’s normalized EPS of 4% before synergies in 2026, and 7% post-synergies in 2027
    • Definitive transaction agreement entered into pursuant to which Capgemini will acquire WNS for a cash consideration of 76.50 USD per share
    • Transaction unanimously approved by the board of directors of both companies and expected to close by the end of the year

    Paris, July 7, 2025 – Capgemini (Euronext Paris: CAP), a global business and technology transformation partner, and WNS (NYSE: WNS), a leading digital-led business transformation and services company, today announced that they have entered into a definitive transaction agreement pursuant to which Capgemini will acquire WNS for a cash consideration of 76.50 USD per WNS share, which represents a premium of 28% to the last 90-day average1 share price, of 27% to the last 30-day average1 share price and a premium of 17% to the last closing share price on July 3, 2025. The total cash consideration will amount to $3.3 billion, excluding WNS net financial debt2. The transaction will be accretive to Capgemini’s normalized EPS by 4% before synergies in 2026 and 7% post synergies in 2027. The transaction has been unanimously approved by both Capgemini’s and WNS’ Boards of Directors.

    “Enterprises are rapidly adopting Generative AI and Agentic AI to transform their operations end-to-end. Business Process Services will be the showcase for Agentic AI. Capgemini’s acquisition of WNS will provide the Group with the scale and vertical sector expertise to capture that rapidly emerging strategic opportunity created by the paradigm shift from traditional BPS to Agentic AI-powered Intelligent Operations,” comments Aiman Ezzat, Chief Executive Officer of Capgemini. “Together we will create a leader in Intelligent Operations, uniquely positioned to support organizations in their AI-powered business process transformation, blending the critical capabilities needed from consulting, technology and platforms to deep process and industry expertise. This will address the client needs for Agentic AI-driven process transformation to deliver efficiency and agility through hyper-automation while achieving superior business outcomes.

    WNS brings to the Group its high growth, margin accretive and resilient Digital Business Process Services, which is the springboard to Intelligent Operations, while further increasing our exposure to the US market. Immediate cross-selling opportunities will be unlocked through the integration of our complementary offerings and clients. I am looking forward to welcoming the WNS global team to Capgemini.”

    “As a recognized leader in the Digital Business Process Services space, we see the next wave of transformation being driven by intelligent, domain-centric operations that unlock strategic value for our clients. Organizations that have already digitized are now seeking to reimagine their operating models by embedding AI at the core—shifting from automation to autonomy,” said Keshav R. Murugesh, Chief Executive Officer of WNS. “By combining our deep domain and process expertise with Capgemini’s global reach, cutting-edge Gen AI and Agentic AI capabilities, a robust partner ecosystem, and advanced technology platforms, we are creating a powerful proposition that accelerates enterprise reinvention. WNS’ complementary portfolio of horizontal and industry-specific solutions will significantly enhance Capgemini’s rapidly growing Business Services footprint, enabling next-generation, data-driven operations across sectors. Just as importantly, our shared values, cultural alignment, and complementary client relationships ensure a seamless integration—unlocking exciting opportunities for innovation, co-creation, and growth across all stakeholder groups.”

    “WNS and Capgemini share a bold, future-focused vision for Intelligent Operations. I’m confident that Capgemini is the ideal partner at the right time in WNS’ journey to extend our capabilities, accelerate innovation, and establish a leadership position in this rapidly evolving market,” said Timothy L. Main, Chairman of WNS Board of Directors. “This marks a pivotal chapter in WNS’ growth—enhancing the resilience and agility of our clients through advanced AI-driven solutions, creating sustained value for our investors, and opening up new avenues for our employees to thrive within a global technology powerhouse.”

    WNS, a leader in the resilient high-growth and margin accretive Digital BPS market

    WNS is a leading and trusted business transformation and services partner that uniquely blends deep industry knowledge with business process management, technology, analytics and AI expertise to create market differentiation for clients. With digital-led transformation solutions deployed to clients across 8 industries where it deploys its highly automated platforms to deliver stronger business outcomes, WNS is a leader in Digital Business Process Services (BPS). This operating model enables strategic engagements that are critical to clients’ daily operations materialized in long-term contracts with recurring revenues streams. Through an expanded ecosystem of partners and network of delivery centers, WNS serves a large portfolio of blue-chip clients, such as3 United Airlines, Aviva, M&T Bank, Centrica and McCain Foods.

    The high-quality business model of WNS, supported by non-linear pricing models and superior profitability has driven a c.+9% constant currency revenue growth on average over the last 3 fiscal years4, to reach $1,266 million of revenue5 in fiscal year 20254 with an 18.7%6 operating margin.

    Global organizations are in constant need of strategic partners to support their transformation to enhance efficiency and accelerate growth. This continues to be a key driver of the Digital BPS market and WNS targets revenue growth of +7% to +11% for FY2026.

    Immediate unlocking of value

    This transaction will position Capgemini as a leader in Digital BPS blending horizontal and vertical process expertise, with a global footprint. With combined revenues of €1.9 billion in 2024 in Digital BPS, this will strengthen Capgemini’s ability to accompany clients on their business and technology transformation journeys.

    The mix of WNS and Capgemini’s complementary offerings and clients will immediately unlock cross-selling opportunities. It will also lay down the foundations to build the capabilities to seize the Intelligent Operations strategic market opportunity.

    Intelligent Operations – Agentic AI creates a paradigm shift that opens a strategic opportunity

    The largest opportunity for global organizations to create value with Gen AI and Agentic AI lies in the fundamental redesign of their operations and business processes. It will attract a significant share of their AI investments as they seek to become AI-powered companies to lead their market. This is creating demand for a new type of business process services: Intelligent Operations.

    Intelligent Operations answers these business needs, providing a consulting-led approach to transform and operate horizontal and vertical business processes leveraging Gen AI and Agentic AI. It addresses clients’ goal of efficiency, speed and agility through process hyper-automation, while significantly improving business outcomes by combining data, AI and digital.

    AI technologies trigger a paradigm shift in delivering business process services: from labor-intensive services to being consulting-led and tech-driven. In parallel, client focus has shifted from efficiency gains toward end-to-end value creation and business outcomes, opening opportunities to add non-linear revenues (i.e. transaction-based, subscription-based or outcome-based models). This is creating a rapidly growing market opportunity.

    Combining the capabilities and scale required to lead in Intelligent Operations

    Both Capgemini and WNS are already pioneering Intelligent Operations. Capgemini with its consulting-led end-to-end transformation of processes, advanced AI tools and technology stacks, and BPS platforms, while WNS has developed a set of sector-specific AI-led solutions recently augmented by the acquisition of Kipi.ai7 to strengthen its data, analytics and AI capabilities.

    The combination of Capgemini and WNS will act as a catalyst to lead in Intelligent Operations providing the required scale and unique set of capabilities from Strategy & Transformation consulting, to horizontal and sector expertise, platform offerings to deep AI and technology capabilities.

    This combination will also leverage the significant investments made by Capgemini in AI through training, offers and its 25 strategic partnerships, including Microsoft, Google, AWS, Mistral AI and NVIDIA. The Group’s leadership is recognized by its clients, with over €900 million of Gen AI bookings in 2024, and by market analysts such as Forrester, IDC and ISG.

    This transaction will reinforce Capgemini as a business and transformation partner to those enterprises who want to become AI-powered businesses.

    Value creation

    Based on calendar year 2024 published information, the combined entities would have generated a revenue of €23.3 billion at a 13.6% operating margin6 in 2024.

    The Group expects accretion to normalized EPS, before synergies from the combination, of 4% in 2026.

    Capgemini expects revenue synergies run-rate of €100 million to €140 million by the end of 2027. Costs and operating model synergies are anticipated to reach an annual pretax run-rate of between €50 million and €70 million by the end of 2027.

    With the benefits of these synergies, the accretion on normalized earnings per share should reach 7% in 2027.

    Smooth integration

    WNS and Capgemini have a natural cultural fit and share common values that will facilitate a smooth integration of the teams, helped by the Group’s track record of successful integrations. Furthermore, the integration will be straightforward into Capgemini’s Global Business Services activities.

    Key transaction terms and timeline

    The contemplated transaction will be implemented by way of a Court-sanctioned scheme of arrangement under the laws of Jersey. The transaction has been unanimously approved by both Capgemini’s and WNS’ Boards of Directors.

    The transaction is subject to approval by the Royal Court of Jersey and WNS’ shareholders, as well as to receipt of customary regulatory approvals and other conditions. The closing of the transaction is expected to occur by the end of the year.

    Full details of the terms and conditions of the transaction are set out in the transaction agreement, which may be obtained, free of charge, on the SEC’s website (http://www.sec.gov) when available, and WNS’ website at https://www.WNS.com.

    Financing

    Capgemini has secured a bridge financing of €4.0 billion, covering the purchase of securities ($3.3 billion), as well as the gross debt and similar obligations8 of around $0.4 billion and the €0.8 billion Capgemini bond redeemed in June 2025.

    The Group plans to refinance the bridge with available cash for around €1.0 billion and the balance by debt issuance.

    Q2 and H1 2025 performance

    The Group expects Q2 2025 year-on-year growth at constant currency to be slightly better than the -0.4% reported in Q1 2025. The Group also expects for H1 2025 the operating margin to be stable year-on-year at 12.4%.

    Due to the nature and timing of this announcement, the actual Q2 and H1 2025 performance may slightly differ from the above-mentioned expectations. H1 2025 publication will take place as planned on July 30, 2025.

    Outlook

    Capgemini’s financial targets for 2025 do not take into account this transaction and are therefore unchanged:

    • Revenue growth of -2.0% to +2.0% at constant currency;
    • Operating margin of 13.3% to 13.5%;
    • Organic free cash flow of around €1.9 billion.

    Conference call

    Aiman Ezzat, Chief Executive Officer, accompanied by Nive Bhagat, Chief Financial Officer, will comment on this announcement during two audio webcasts (in English only) to be held today:

    • at 8.00 a.m. Paris time (CET)
      • for “listen-only” participants: https://edge.media-server.com/mmc/p/npdpfjyy
        • for investors and financial analysts who wish to take part in the Q&A session, please pre-register on the following link to receive the dial-in information
    • and at 3.00 p.m. Paris time (CET)
      • for “listen-only” participants: https://edge.media-server.com/mmc/p/y5nk6iup
        • for investors and financial analysts who wish to take part in the Q&A session, please pre-register on the following link to receive the dial-in information

    Replays of both calls will be available, from the same links, shortly after the event and for a period of one year.

    All documents relating to this publication will be posted on the Capgemini investor website at https://investors.capgemini.com/en/.

    IMPORTANT NOTICE

    This announcement is for information purposes only and is not intended to and does not constitute or form part of, an offer, invitation or the solicitation of an offer to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of any securities or the solicitation of any vote or approval in any jurisdiction in contravention of applicable law. In connection with the Transaction, WNS will provide to its shareholders and file with the U.S. Securities and Exchange Commission (the “SEC”) a circular relating to the Transaction (the “scheme document”) and may also file other documents with the SEC.

    The scheme document will contain the full terms and conditions of the Transaction, including details with respect to the WNS shareholder vote in respect of the Transaction and will be sent or otherwise disseminated to WNS’ shareholders and will contain important information about the Transaction and related matters. Any decision in respect of, or other response to, the Transaction should be made only on the basis of the information contained in the scheme document.

    SHAREHOLDERS OF WNS ARE ADVISED TO READ THE SCHEME DOCUMENT AND OTHER RELEVANT DOCUMENTS FILED WITH THE SEC WHEN THEY BECOME AVAILABLE, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE TRANSACTION.

    The scheme document and other relevant documents may be obtained, free of charge, on the SEC’s website (http://www.sec.gov), when available. WNS’ shareholders may obtain free copies of the scheme document once it is available from WNS by going to WNS’ website at https://www.wns.com.

    PARTICIPANTS IN THE SOLICITATION

    Capgemini, WNS and certain of their respective directors and officers may be deemed participants in the solicitation of proxies of WNS’ shareholders in connection with the Transaction. Additional information regarding the foregoing persons, including their direct and indirect interests, by security holdings or otherwise, will be set forth in the scheme document and other relevant documents to be filed with the SEC. WNS’ shareholders and other interested persons may obtain, without charge, more detailed information regarding the directors and officers of WNS in WNS’ periodic reports filed with the SEC available on WNS’ website at https://www.wns.com, and regarding the directors and officers of Capgemini in Capgemini’s most recent Universal Registration Document (Document d’Enregistrement Universel) available on Capgemini’s website (https://www.capgemini.com/us-en/).

    FORWARD LOOKING STATEMENTS

    Certain information in this announcement, as well as oral statements made regarding the Transaction, and other information published by WNS, Capgemini or any member of the Capgemini Group contain statements which are, or may be deemed to be “forward-looking statements”, including, but not limited to, the acceleration of Capgemini and WNS’ growth and the value-additive nature of the Transaction for Capgemini shareholders. The words “anticipates”, “expects”, “believes”, “intends, “estimates”, “plans”, “projects”, “may”, “would”, “will”, “should”, “continue”, or the negative of these terms and similar expressions are intended to identify forward-looking statements. Such forward looking statements are prospective in nature and are not based on historical facts, but rather on current expectations and on numerous assumptions regarding the business strategies and the environment in which Capgemini, any member of the Capgemini Group, including WNS and its subsidiaries following the Transaction (“Post-Transaction Group”) shall operate in the future and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by those statements. The forward looking statements contained in this announcement relate to Capgemini, any member of the Capgemini Group or the Post-Transaction Group’s future prospects, developments and business strategies, the expected timing and scope of the Transaction and other statements other than historical facts. For a discussion of some of the risks and important factors that could affect such forward-looking statements, please refer, without limitations, to the risks identified in Capgemini’s most recent Universal Registration Document (Document d’Enregistrement Universel) available on Capgemini’s website (https://www.capgemini.com/us-en/). Factors which could have a material adverse effect on the Company’s operations and future prospects include, but are not limited to, the following risks relating to the Transaction, including in respect of the satisfaction of closing conditions to the Transaction on a timely basis or at all, including the ability to obtain required regulatory approvals and the required scheme shareholder approval; unanticipated difficulties and/or expenditures relating to the Transaction and any related financing; uncertainties as to the timing of the Transaction; litigation relating to, or other challenges to, the Transaction; the impact of the Transaction on each company’s business operations (including the threatened or actual loss of employees, clients or suppliers); the inability to obtain, or delays in obtaining cost savings and synergies from the Transaction; incurrence of unexpected costs and expenses in connection with the Transaction; risks related to changes in the financial, equity and debt markets; and risks related to political, economic and market conditions. In addition, the risks to which WNS’ business is subject, including those risks described in WNS’ periodic reports filed with the SEC, could adversely affect the Transaction and, following the completion of the Transaction, the Company’s operations and future prospects. New risks and uncertainties emerge from time to time, and it is not possible for Capgemini and WNS to predict or assess the impact of every factor that may cause actual results to differ from those contained in any forward-looking statements.

    Specifically, statements of estimated cost savings and synergies relate to future actions and circumstances which, by their nature involve, risks, uncertainties and contingencies. As a result, the cost savings and synergies referred to may not be achieved, may be achieved later or sooner than estimated, or those achieved could be materially different from those estimated. Due to the scale of the Post-Transaction Group, there may be additional changes to the Post-Transaction Group’s operations. As a result, and given the fact that the changes relate to the future, the resulting cost synergies may be materially greater or less than those estimated.

    Forward-looking statements contained herein are only based upon currently available information and speak only as of the date of this announcement, and Capgemini expressly disclaims any obligation to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in Capgemini’s expectations with regard thereto or change in events, conditions or circumstances on which any statement is based.

    Past performance is not a reliable indicator of future results and should not be relied upon for any reason.

    The anticipated financial impact of the acquisition of WNS and any references to future financial performance should not be viewed as management guidance. Actual results may differ from the statements set forth herein and such differences may be material.

    ABOUT CAPGEMINI

    Capgemini is a global business and technology transformation partner, helping organizations to accelerate their dual transition to a digital and sustainable world, while creating tangible impact for enterprises and society. It is a responsible and diverse group of 340,000 team members in more than 50 countries. With its strong over 55-year heritage, Capgemini is trusted by its clients to unlock the value of technology to address the entire breadth of their business needs. It delivers end-to-end services and solutions leveraging strengths from strategy and design to engineering, all fueled by its market leading capabilities in AI, generative AI, cloud and data, combined with its deep industry expertise and partner ecosystem. The Group reported 2024 global revenues of €22.1 billion.

    Get the Future You Want | www.capgemini.com

    ABOUT WNS

    WNS is a digital-led business transformation and services company. WNS combines deep domain expertise with talent, technology, and AI to co-create innovative solutions for over 600 clients across various industries. WNS delivers an entire spectrum of solutions including industry-specific offerings, customer experience services, finance and accounting, human resources, procurement, and research and analytics to re-imagine the digital future of businesses. As of March 31, 2025, WNS had 64,505 professionals across 64 delivery centers worldwide including facilities in Canada, China, Costa Rica, India, Malaysia, the Philippines, Poland, Romania, South Africa, Sri Lanka, Turkey, the United Kingdom, and the United States.

    For more information, visit www.wns.com

    1 Volume-weighted average
    2 Net financial debt of WNS was negligible as at March 31, 2025
    3 Clients of WNS based on public domain information
    4 WNS fiscal year ends March 31. Last 3 fiscal years end March 2025.
    5 Revenue represents revenue less repair payments
    6 WNS “Adjusted operating profit” restated to expense amortization of intangible assets (software) above operating margin to conform to Capgemini’s definition of operating margin.
    7 See https://ir.wns.com/news-releases/news-release-details/wns-acquires-kipiai-expand-data-analytics-ai-capabilities
    8 Including considerations to be paid in connection with Restricted Share Units

    Attachment

    The MIL Network –

  • MIL-OSI: Capgemini to acquire WNS to create a global leader in Agentic AI-powered Intelligent Operations

    Source: GlobeNewswire (MIL-OSI)

    Media relations:
    Victoire Grux
    Tel.: +33 6 04 52 16 55
    victoire.grux@capgemini.com

    Investor relations:
    Vincent Biraud
    Tel.: +33 1 47 54 50 87
    vincent.biraud@capgemini.com

    Capgemini to acquire WNS to create a global leader in Agentic AI-powered Intelligent Operations

    • Creation of a leader in Intelligent Operations to capture enterprise investment in Agentic AI to transform their end-to-end business processes
    • Acquisition of a leading player in Digital BPS (Business Process Services) to combine capabilities and scale to address the strategic opportunity driven by Agentic AI
    • Transaction immediately accretive to Capgemini’s revenue growth and operating margin
    • Expected accretion to Capgemini’s normalized EPS of 4% before synergies in 2026, and 7% post-synergies in 2027
    • Definitive transaction agreement entered into pursuant to which Capgemini will acquire WNS for a cash consideration of 76.50 USD per share
    • Transaction unanimously approved by the board of directors of both companies and expected to close by the end of the year

    Paris, July 7, 2025 – Capgemini (Euronext Paris: CAP), a global business and technology transformation partner, and WNS (NYSE: WNS), a leading digital-led business transformation and services company, today announced that they have entered into a definitive transaction agreement pursuant to which Capgemini will acquire WNS for a cash consideration of 76.50 USD per WNS share, which represents a premium of 28% to the last 90-day average1 share price, of 27% to the last 30-day average1 share price and a premium of 17% to the last closing share price on July 3, 2025. The total cash consideration will amount to $3.3 billion, excluding WNS net financial debt2. The transaction will be accretive to Capgemini’s normalized EPS by 4% before synergies in 2026 and 7% post synergies in 2027. The transaction has been unanimously approved by both Capgemini’s and WNS’ Boards of Directors.

    “Enterprises are rapidly adopting Generative AI and Agentic AI to transform their operations end-to-end. Business Process Services will be the showcase for Agentic AI. Capgemini’s acquisition of WNS will provide the Group with the scale and vertical sector expertise to capture that rapidly emerging strategic opportunity created by the paradigm shift from traditional BPS to Agentic AI-powered Intelligent Operations,” comments Aiman Ezzat, Chief Executive Officer of Capgemini. “Together we will create a leader in Intelligent Operations, uniquely positioned to support organizations in their AI-powered business process transformation, blending the critical capabilities needed from consulting, technology and platforms to deep process and industry expertise. This will address the client needs for Agentic AI-driven process transformation to deliver efficiency and agility through hyper-automation while achieving superior business outcomes.

    WNS brings to the Group its high growth, margin accretive and resilient Digital Business Process Services, which is the springboard to Intelligent Operations, while further increasing our exposure to the US market. Immediate cross-selling opportunities will be unlocked through the integration of our complementary offerings and clients. I am looking forward to welcoming the WNS global team to Capgemini.”

    “As a recognized leader in the Digital Business Process Services space, we see the next wave of transformation being driven by intelligent, domain-centric operations that unlock strategic value for our clients. Organizations that have already digitized are now seeking to reimagine their operating models by embedding AI at the core—shifting from automation to autonomy,” said Keshav R. Murugesh, Chief Executive Officer of WNS. “By combining our deep domain and process expertise with Capgemini’s global reach, cutting-edge Gen AI and Agentic AI capabilities, a robust partner ecosystem, and advanced technology platforms, we are creating a powerful proposition that accelerates enterprise reinvention. WNS’ complementary portfolio of horizontal and industry-specific solutions will significantly enhance Capgemini’s rapidly growing Business Services footprint, enabling next-generation, data-driven operations across sectors. Just as importantly, our shared values, cultural alignment, and complementary client relationships ensure a seamless integration—unlocking exciting opportunities for innovation, co-creation, and growth across all stakeholder groups.”

    “WNS and Capgemini share a bold, future-focused vision for Intelligent Operations. I’m confident that Capgemini is the ideal partner at the right time in WNS’ journey to extend our capabilities, accelerate innovation, and establish a leadership position in this rapidly evolving market,” said Timothy L. Main, Chairman of WNS Board of Directors. “This marks a pivotal chapter in WNS’ growth—enhancing the resilience and agility of our clients through advanced AI-driven solutions, creating sustained value for our investors, and opening up new avenues for our employees to thrive within a global technology powerhouse.”

    WNS, a leader in the resilient high-growth and margin accretive Digital BPS market

    WNS is a leading and trusted business transformation and services partner that uniquely blends deep industry knowledge with business process management, technology, analytics and AI expertise to create market differentiation for clients. With digital-led transformation solutions deployed to clients across 8 industries where it deploys its highly automated platforms to deliver stronger business outcomes, WNS is a leader in Digital Business Process Services (BPS). This operating model enables strategic engagements that are critical to clients’ daily operations materialized in long-term contracts with recurring revenues streams. Through an expanded ecosystem of partners and network of delivery centers, WNS serves a large portfolio of blue-chip clients, such as3 United Airlines, Aviva, M&T Bank, Centrica and McCain Foods.

    The high-quality business model of WNS, supported by non-linear pricing models and superior profitability has driven a c.+9% constant currency revenue growth on average over the last 3 fiscal years4, to reach $1,266 million of revenue5 in fiscal year 20254 with an 18.7%6 operating margin.

    Global organizations are in constant need of strategic partners to support their transformation to enhance efficiency and accelerate growth. This continues to be a key driver of the Digital BPS market and WNS targets revenue growth of +7% to +11% for FY2026.

    Immediate unlocking of value

    This transaction will position Capgemini as a leader in Digital BPS blending horizontal and vertical process expertise, with a global footprint. With combined revenues of €1.9 billion in 2024 in Digital BPS, this will strengthen Capgemini’s ability to accompany clients on their business and technology transformation journeys.

    The mix of WNS and Capgemini’s complementary offerings and clients will immediately unlock cross-selling opportunities. It will also lay down the foundations to build the capabilities to seize the Intelligent Operations strategic market opportunity.

    Intelligent Operations – Agentic AI creates a paradigm shift that opens a strategic opportunity

    The largest opportunity for global organizations to create value with Gen AI and Agentic AI lies in the fundamental redesign of their operations and business processes. It will attract a significant share of their AI investments as they seek to become AI-powered companies to lead their market. This is creating demand for a new type of business process services: Intelligent Operations.

    Intelligent Operations answers these business needs, providing a consulting-led approach to transform and operate horizontal and vertical business processes leveraging Gen AI and Agentic AI. It addresses clients’ goal of efficiency, speed and agility through process hyper-automation, while significantly improving business outcomes by combining data, AI and digital.

    AI technologies trigger a paradigm shift in delivering business process services: from labor-intensive services to being consulting-led and tech-driven. In parallel, client focus has shifted from efficiency gains toward end-to-end value creation and business outcomes, opening opportunities to add non-linear revenues (i.e. transaction-based, subscription-based or outcome-based models). This is creating a rapidly growing market opportunity.

    Combining the capabilities and scale required to lead in Intelligent Operations

    Both Capgemini and WNS are already pioneering Intelligent Operations. Capgemini with its consulting-led end-to-end transformation of processes, advanced AI tools and technology stacks, and BPS platforms, while WNS has developed a set of sector-specific AI-led solutions recently augmented by the acquisition of Kipi.ai7 to strengthen its data, analytics and AI capabilities.

    The combination of Capgemini and WNS will act as a catalyst to lead in Intelligent Operations providing the required scale and unique set of capabilities from Strategy & Transformation consulting, to horizontal and sector expertise, platform offerings to deep AI and technology capabilities.

    This combination will also leverage the significant investments made by Capgemini in AI through training, offers and its 25 strategic partnerships, including Microsoft, Google, AWS, Mistral AI and NVIDIA. The Group’s leadership is recognized by its clients, with over €900 million of Gen AI bookings in 2024, and by market analysts such as Forrester, IDC and ISG.

    This transaction will reinforce Capgemini as a business and transformation partner to those enterprises who want to become AI-powered businesses.

    Value creation

    Based on calendar year 2024 published information, the combined entities would have generated a revenue of €23.3 billion at a 13.6% operating margin6 in 2024.

    The Group expects accretion to normalized EPS, before synergies from the combination, of 4% in 2026.

    Capgemini expects revenue synergies run-rate of €100 million to €140 million by the end of 2027. Costs and operating model synergies are anticipated to reach an annual pretax run-rate of between €50 million and €70 million by the end of 2027.

    With the benefits of these synergies, the accretion on normalized earnings per share should reach 7% in 2027.

    Smooth integration

    WNS and Capgemini have a natural cultural fit and share common values that will facilitate a smooth integration of the teams, helped by the Group’s track record of successful integrations. Furthermore, the integration will be straightforward into Capgemini’s Global Business Services activities.

    Key transaction terms and timeline

    The contemplated transaction will be implemented by way of a Court-sanctioned scheme of arrangement under the laws of Jersey. The transaction has been unanimously approved by both Capgemini’s and WNS’ Boards of Directors.

    The transaction is subject to approval by the Royal Court of Jersey and WNS’ shareholders, as well as to receipt of customary regulatory approvals and other conditions. The closing of the transaction is expected to occur by the end of the year.

    Full details of the terms and conditions of the transaction are set out in the transaction agreement, which may be obtained, free of charge, on the SEC’s website (http://www.sec.gov) when available, and WNS’ website at https://www.WNS.com.

    Financing

    Capgemini has secured a bridge financing of €4.0 billion, covering the purchase of securities ($3.3 billion), as well as the gross debt and similar obligations8 of around $0.4 billion and the €0.8 billion Capgemini bond redeemed in June 2025.

    The Group plans to refinance the bridge with available cash for around €1.0 billion and the balance by debt issuance.

    Q2 and H1 2025 performance

    The Group expects Q2 2025 year-on-year growth at constant currency to be slightly better than the -0.4% reported in Q1 2025. The Group also expects for H1 2025 the operating margin to be stable year-on-year at 12.4%.

    Due to the nature and timing of this announcement, the actual Q2 and H1 2025 performance may slightly differ from the above-mentioned expectations. H1 2025 publication will take place as planned on July 30, 2025.

    Outlook

    Capgemini’s financial targets for 2025 do not take into account this transaction and are therefore unchanged:

    • Revenue growth of -2.0% to +2.0% at constant currency;
    • Operating margin of 13.3% to 13.5%;
    • Organic free cash flow of around €1.9 billion.

    Conference call

    Aiman Ezzat, Chief Executive Officer, accompanied by Nive Bhagat, Chief Financial Officer, will comment on this announcement during two audio webcasts (in English only) to be held today:

    • at 8.00 a.m. Paris time (CET)
      • for “listen-only” participants: https://edge.media-server.com/mmc/p/npdpfjyy
        • for investors and financial analysts who wish to take part in the Q&A session, please pre-register on the following link to receive the dial-in information
    • and at 3.00 p.m. Paris time (CET)
      • for “listen-only” participants: https://edge.media-server.com/mmc/p/y5nk6iup
        • for investors and financial analysts who wish to take part in the Q&A session, please pre-register on the following link to receive the dial-in information

    Replays of both calls will be available, from the same links, shortly after the event and for a period of one year.

    All documents relating to this publication will be posted on the Capgemini investor website at https://investors.capgemini.com/en/.

    IMPORTANT NOTICE

    This announcement is for information purposes only and is not intended to and does not constitute or form part of, an offer, invitation or the solicitation of an offer to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of any securities or the solicitation of any vote or approval in any jurisdiction in contravention of applicable law. In connection with the Transaction, WNS will provide to its shareholders and file with the U.S. Securities and Exchange Commission (the “SEC”) a circular relating to the Transaction (the “scheme document”) and may also file other documents with the SEC.

    The scheme document will contain the full terms and conditions of the Transaction, including details with respect to the WNS shareholder vote in respect of the Transaction and will be sent or otherwise disseminated to WNS’ shareholders and will contain important information about the Transaction and related matters. Any decision in respect of, or other response to, the Transaction should be made only on the basis of the information contained in the scheme document.

    SHAREHOLDERS OF WNS ARE ADVISED TO READ THE SCHEME DOCUMENT AND OTHER RELEVANT DOCUMENTS FILED WITH THE SEC WHEN THEY BECOME AVAILABLE, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE TRANSACTION.

    The scheme document and other relevant documents may be obtained, free of charge, on the SEC’s website (http://www.sec.gov), when available. WNS’ shareholders may obtain free copies of the scheme document once it is available from WNS by going to WNS’ website at https://www.wns.com.

    PARTICIPANTS IN THE SOLICITATION

    Capgemini, WNS and certain of their respective directors and officers may be deemed participants in the solicitation of proxies of WNS’ shareholders in connection with the Transaction. Additional information regarding the foregoing persons, including their direct and indirect interests, by security holdings or otherwise, will be set forth in the scheme document and other relevant documents to be filed with the SEC. WNS’ shareholders and other interested persons may obtain, without charge, more detailed information regarding the directors and officers of WNS in WNS’ periodic reports filed with the SEC available on WNS’ website at https://www.wns.com, and regarding the directors and officers of Capgemini in Capgemini’s most recent Universal Registration Document (Document d’Enregistrement Universel) available on Capgemini’s website (https://www.capgemini.com/us-en/).

    FORWARD LOOKING STATEMENTS

    Certain information in this announcement, as well as oral statements made regarding the Transaction, and other information published by WNS, Capgemini or any member of the Capgemini Group contain statements which are, or may be deemed to be “forward-looking statements”, including, but not limited to, the acceleration of Capgemini and WNS’ growth and the value-additive nature of the Transaction for Capgemini shareholders. The words “anticipates”, “expects”, “believes”, “intends, “estimates”, “plans”, “projects”, “may”, “would”, “will”, “should”, “continue”, or the negative of these terms and similar expressions are intended to identify forward-looking statements. Such forward looking statements are prospective in nature and are not based on historical facts, but rather on current expectations and on numerous assumptions regarding the business strategies and the environment in which Capgemini, any member of the Capgemini Group, including WNS and its subsidiaries following the Transaction (“Post-Transaction Group”) shall operate in the future and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by those statements. The forward looking statements contained in this announcement relate to Capgemini, any member of the Capgemini Group or the Post-Transaction Group’s future prospects, developments and business strategies, the expected timing and scope of the Transaction and other statements other than historical facts. For a discussion of some of the risks and important factors that could affect such forward-looking statements, please refer, without limitations, to the risks identified in Capgemini’s most recent Universal Registration Document (Document d’Enregistrement Universel) available on Capgemini’s website (https://www.capgemini.com/us-en/). Factors which could have a material adverse effect on the Company’s operations and future prospects include, but are not limited to, the following risks relating to the Transaction, including in respect of the satisfaction of closing conditions to the Transaction on a timely basis or at all, including the ability to obtain required regulatory approvals and the required scheme shareholder approval; unanticipated difficulties and/or expenditures relating to the Transaction and any related financing; uncertainties as to the timing of the Transaction; litigation relating to, or other challenges to, the Transaction; the impact of the Transaction on each company’s business operations (including the threatened or actual loss of employees, clients or suppliers); the inability to obtain, or delays in obtaining cost savings and synergies from the Transaction; incurrence of unexpected costs and expenses in connection with the Transaction; risks related to changes in the financial, equity and debt markets; and risks related to political, economic and market conditions. In addition, the risks to which WNS’ business is subject, including those risks described in WNS’ periodic reports filed with the SEC, could adversely affect the Transaction and, following the completion of the Transaction, the Company’s operations and future prospects. New risks and uncertainties emerge from time to time, and it is not possible for Capgemini and WNS to predict or assess the impact of every factor that may cause actual results to differ from those contained in any forward-looking statements.

    Specifically, statements of estimated cost savings and synergies relate to future actions and circumstances which, by their nature involve, risks, uncertainties and contingencies. As a result, the cost savings and synergies referred to may not be achieved, may be achieved later or sooner than estimated, or those achieved could be materially different from those estimated. Due to the scale of the Post-Transaction Group, there may be additional changes to the Post-Transaction Group’s operations. As a result, and given the fact that the changes relate to the future, the resulting cost synergies may be materially greater or less than those estimated.

    Forward-looking statements contained herein are only based upon currently available information and speak only as of the date of this announcement, and Capgemini expressly disclaims any obligation to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in Capgemini’s expectations with regard thereto or change in events, conditions or circumstances on which any statement is based.

    Past performance is not a reliable indicator of future results and should not be relied upon for any reason.

    The anticipated financial impact of the acquisition of WNS and any references to future financial performance should not be viewed as management guidance. Actual results may differ from the statements set forth herein and such differences may be material.

    ABOUT CAPGEMINI

    Capgemini is a global business and technology transformation partner, helping organizations to accelerate their dual transition to a digital and sustainable world, while creating tangible impact for enterprises and society. It is a responsible and diverse group of 340,000 team members in more than 50 countries. With its strong over 55-year heritage, Capgemini is trusted by its clients to unlock the value of technology to address the entire breadth of their business needs. It delivers end-to-end services and solutions leveraging strengths from strategy and design to engineering, all fueled by its market leading capabilities in AI, generative AI, cloud and data, combined with its deep industry expertise and partner ecosystem. The Group reported 2024 global revenues of €22.1 billion.

    Get the Future You Want | www.capgemini.com

    ABOUT WNS

    WNS is a digital-led business transformation and services company. WNS combines deep domain expertise with talent, technology, and AI to co-create innovative solutions for over 600 clients across various industries. WNS delivers an entire spectrum of solutions including industry-specific offerings, customer experience services, finance and accounting, human resources, procurement, and research and analytics to re-imagine the digital future of businesses. As of March 31, 2025, WNS had 64,505 professionals across 64 delivery centers worldwide including facilities in Canada, China, Costa Rica, India, Malaysia, the Philippines, Poland, Romania, South Africa, Sri Lanka, Turkey, the United Kingdom, and the United States.

    For more information, visit www.wns.com

    1 Volume-weighted average
    2 Net financial debt of WNS was negligible as at March 31, 2025
    3 Clients of WNS based on public domain information
    4 WNS fiscal year ends March 31. Last 3 fiscal years end March 2025.
    5 Revenue represents revenue less repair payments
    6 WNS “Adjusted operating profit” restated to expense amortization of intangible assets (software) above operating margin to conform to Capgemini’s definition of operating margin.
    7 See https://ir.wns.com/news-releases/news-release-details/wns-acquires-kipiai-expand-data-analytics-ai-capabilities
    8 Including considerations to be paid in connection with Restricted Share Units

    Attachment

    The MIL Network –

  • MIL-OSI: Capgemini to acquire WNS to create a global leader in Agentic AI-powered Intelligent Operations

    Source: GlobeNewswire (MIL-OSI)

    Media relations:
    Victoire Grux
    Tel.: +33 6 04 52 16 55
    victoire.grux@capgemini.com

    Investor relations:
    Vincent Biraud
    Tel.: +33 1 47 54 50 87
    vincent.biraud@capgemini.com

    Capgemini to acquire WNS to create a global leader in Agentic AI-powered Intelligent Operations

    • Creation of a leader in Intelligent Operations to capture enterprise investment in Agentic AI to transform their end-to-end business processes
    • Acquisition of a leading player in Digital BPS (Business Process Services) to combine capabilities and scale to address the strategic opportunity driven by Agentic AI
    • Transaction immediately accretive to Capgemini’s revenue growth and operating margin
    • Expected accretion to Capgemini’s normalized EPS of 4% before synergies in 2026, and 7% post-synergies in 2027
    • Definitive transaction agreement entered into pursuant to which Capgemini will acquire WNS for a cash consideration of 76.50 USD per share
    • Transaction unanimously approved by the board of directors of both companies and expected to close by the end of the year

    Paris, July 7, 2025 – Capgemini (Euronext Paris: CAP), a global business and technology transformation partner, and WNS (NYSE: WNS), a leading digital-led business transformation and services company, today announced that they have entered into a definitive transaction agreement pursuant to which Capgemini will acquire WNS for a cash consideration of 76.50 USD per WNS share, which represents a premium of 28% to the last 90-day average1 share price, of 27% to the last 30-day average1 share price and a premium of 17% to the last closing share price on July 3, 2025. The total cash consideration will amount to $3.3 billion, excluding WNS net financial debt2. The transaction will be accretive to Capgemini’s normalized EPS by 4% before synergies in 2026 and 7% post synergies in 2027. The transaction has been unanimously approved by both Capgemini’s and WNS’ Boards of Directors.

    “Enterprises are rapidly adopting Generative AI and Agentic AI to transform their operations end-to-end. Business Process Services will be the showcase for Agentic AI. Capgemini’s acquisition of WNS will provide the Group with the scale and vertical sector expertise to capture that rapidly emerging strategic opportunity created by the paradigm shift from traditional BPS to Agentic AI-powered Intelligent Operations,” comments Aiman Ezzat, Chief Executive Officer of Capgemini. “Together we will create a leader in Intelligent Operations, uniquely positioned to support organizations in their AI-powered business process transformation, blending the critical capabilities needed from consulting, technology and platforms to deep process and industry expertise. This will address the client needs for Agentic AI-driven process transformation to deliver efficiency and agility through hyper-automation while achieving superior business outcomes.

    WNS brings to the Group its high growth, margin accretive and resilient Digital Business Process Services, which is the springboard to Intelligent Operations, while further increasing our exposure to the US market. Immediate cross-selling opportunities will be unlocked through the integration of our complementary offerings and clients. I am looking forward to welcoming the WNS global team to Capgemini.”

    “As a recognized leader in the Digital Business Process Services space, we see the next wave of transformation being driven by intelligent, domain-centric operations that unlock strategic value for our clients. Organizations that have already digitized are now seeking to reimagine their operating models by embedding AI at the core—shifting from automation to autonomy,” said Keshav R. Murugesh, Chief Executive Officer of WNS. “By combining our deep domain and process expertise with Capgemini’s global reach, cutting-edge Gen AI and Agentic AI capabilities, a robust partner ecosystem, and advanced technology platforms, we are creating a powerful proposition that accelerates enterprise reinvention. WNS’ complementary portfolio of horizontal and industry-specific solutions will significantly enhance Capgemini’s rapidly growing Business Services footprint, enabling next-generation, data-driven operations across sectors. Just as importantly, our shared values, cultural alignment, and complementary client relationships ensure a seamless integration—unlocking exciting opportunities for innovation, co-creation, and growth across all stakeholder groups.”

    “WNS and Capgemini share a bold, future-focused vision for Intelligent Operations. I’m confident that Capgemini is the ideal partner at the right time in WNS’ journey to extend our capabilities, accelerate innovation, and establish a leadership position in this rapidly evolving market,” said Timothy L. Main, Chairman of WNS Board of Directors. “This marks a pivotal chapter in WNS’ growth—enhancing the resilience and agility of our clients through advanced AI-driven solutions, creating sustained value for our investors, and opening up new avenues for our employees to thrive within a global technology powerhouse.”

    WNS, a leader in the resilient high-growth and margin accretive Digital BPS market

    WNS is a leading and trusted business transformation and services partner that uniquely blends deep industry knowledge with business process management, technology, analytics and AI expertise to create market differentiation for clients. With digital-led transformation solutions deployed to clients across 8 industries where it deploys its highly automated platforms to deliver stronger business outcomes, WNS is a leader in Digital Business Process Services (BPS). This operating model enables strategic engagements that are critical to clients’ daily operations materialized in long-term contracts with recurring revenues streams. Through an expanded ecosystem of partners and network of delivery centers, WNS serves a large portfolio of blue-chip clients, such as3 United Airlines, Aviva, M&T Bank, Centrica and McCain Foods.

    The high-quality business model of WNS, supported by non-linear pricing models and superior profitability has driven a c.+9% constant currency revenue growth on average over the last 3 fiscal years4, to reach $1,266 million of revenue5 in fiscal year 20254 with an 18.7%6 operating margin.

    Global organizations are in constant need of strategic partners to support their transformation to enhance efficiency and accelerate growth. This continues to be a key driver of the Digital BPS market and WNS targets revenue growth of +7% to +11% for FY2026.

    Immediate unlocking of value

    This transaction will position Capgemini as a leader in Digital BPS blending horizontal and vertical process expertise, with a global footprint. With combined revenues of €1.9 billion in 2024 in Digital BPS, this will strengthen Capgemini’s ability to accompany clients on their business and technology transformation journeys.

    The mix of WNS and Capgemini’s complementary offerings and clients will immediately unlock cross-selling opportunities. It will also lay down the foundations to build the capabilities to seize the Intelligent Operations strategic market opportunity.

    Intelligent Operations – Agentic AI creates a paradigm shift that opens a strategic opportunity

    The largest opportunity for global organizations to create value with Gen AI and Agentic AI lies in the fundamental redesign of their operations and business processes. It will attract a significant share of their AI investments as they seek to become AI-powered companies to lead their market. This is creating demand for a new type of business process services: Intelligent Operations.

    Intelligent Operations answers these business needs, providing a consulting-led approach to transform and operate horizontal and vertical business processes leveraging Gen AI and Agentic AI. It addresses clients’ goal of efficiency, speed and agility through process hyper-automation, while significantly improving business outcomes by combining data, AI and digital.

    AI technologies trigger a paradigm shift in delivering business process services: from labor-intensive services to being consulting-led and tech-driven. In parallel, client focus has shifted from efficiency gains toward end-to-end value creation and business outcomes, opening opportunities to add non-linear revenues (i.e. transaction-based, subscription-based or outcome-based models). This is creating a rapidly growing market opportunity.

    Combining the capabilities and scale required to lead in Intelligent Operations

    Both Capgemini and WNS are already pioneering Intelligent Operations. Capgemini with its consulting-led end-to-end transformation of processes, advanced AI tools and technology stacks, and BPS platforms, while WNS has developed a set of sector-specific AI-led solutions recently augmented by the acquisition of Kipi.ai7 to strengthen its data, analytics and AI capabilities.

    The combination of Capgemini and WNS will act as a catalyst to lead in Intelligent Operations providing the required scale and unique set of capabilities from Strategy & Transformation consulting, to horizontal and sector expertise, platform offerings to deep AI and technology capabilities.

    This combination will also leverage the significant investments made by Capgemini in AI through training, offers and its 25 strategic partnerships, including Microsoft, Google, AWS, Mistral AI and NVIDIA. The Group’s leadership is recognized by its clients, with over €900 million of Gen AI bookings in 2024, and by market analysts such as Forrester, IDC and ISG.

    This transaction will reinforce Capgemini as a business and transformation partner to those enterprises who want to become AI-powered businesses.

    Value creation

    Based on calendar year 2024 published information, the combined entities would have generated a revenue of €23.3 billion at a 13.6% operating margin6 in 2024.

    The Group expects accretion to normalized EPS, before synergies from the combination, of 4% in 2026.

    Capgemini expects revenue synergies run-rate of €100 million to €140 million by the end of 2027. Costs and operating model synergies are anticipated to reach an annual pretax run-rate of between €50 million and €70 million by the end of 2027.

    With the benefits of these synergies, the accretion on normalized earnings per share should reach 7% in 2027.

    Smooth integration

    WNS and Capgemini have a natural cultural fit and share common values that will facilitate a smooth integration of the teams, helped by the Group’s track record of successful integrations. Furthermore, the integration will be straightforward into Capgemini’s Global Business Services activities.

    Key transaction terms and timeline

    The contemplated transaction will be implemented by way of a Court-sanctioned scheme of arrangement under the laws of Jersey. The transaction has been unanimously approved by both Capgemini’s and WNS’ Boards of Directors.

    The transaction is subject to approval by the Royal Court of Jersey and WNS’ shareholders, as well as to receipt of customary regulatory approvals and other conditions. The closing of the transaction is expected to occur by the end of the year.

    Full details of the terms and conditions of the transaction are set out in the transaction agreement, which may be obtained, free of charge, on the SEC’s website (http://www.sec.gov) when available, and WNS’ website at https://www.WNS.com.

    Financing

    Capgemini has secured a bridge financing of €4.0 billion, covering the purchase of securities ($3.3 billion), as well as the gross debt and similar obligations8 of around $0.4 billion and the €0.8 billion Capgemini bond redeemed in June 2025.

    The Group plans to refinance the bridge with available cash for around €1.0 billion and the balance by debt issuance.

    Q2 and H1 2025 performance

    The Group expects Q2 2025 year-on-year growth at constant currency to be slightly better than the -0.4% reported in Q1 2025. The Group also expects for H1 2025 the operating margin to be stable year-on-year at 12.4%.

    Due to the nature and timing of this announcement, the actual Q2 and H1 2025 performance may slightly differ from the above-mentioned expectations. H1 2025 publication will take place as planned on July 30, 2025.

    Outlook

    Capgemini’s financial targets for 2025 do not take into account this transaction and are therefore unchanged:

    • Revenue growth of -2.0% to +2.0% at constant currency;
    • Operating margin of 13.3% to 13.5%;
    • Organic free cash flow of around €1.9 billion.

    Conference call

    Aiman Ezzat, Chief Executive Officer, accompanied by Nive Bhagat, Chief Financial Officer, will comment on this announcement during two audio webcasts (in English only) to be held today:

    • at 8.00 a.m. Paris time (CET)
      • for “listen-only” participants: https://edge.media-server.com/mmc/p/npdpfjyy
        • for investors and financial analysts who wish to take part in the Q&A session, please pre-register on the following link to receive the dial-in information
    • and at 3.00 p.m. Paris time (CET)
      • for “listen-only” participants: https://edge.media-server.com/mmc/p/y5nk6iup
        • for investors and financial analysts who wish to take part in the Q&A session, please pre-register on the following link to receive the dial-in information

    Replays of both calls will be available, from the same links, shortly after the event and for a period of one year.

    All documents relating to this publication will be posted on the Capgemini investor website at https://investors.capgemini.com/en/.

    IMPORTANT NOTICE

    This announcement is for information purposes only and is not intended to and does not constitute or form part of, an offer, invitation or the solicitation of an offer to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of any securities or the solicitation of any vote or approval in any jurisdiction in contravention of applicable law. In connection with the Transaction, WNS will provide to its shareholders and file with the U.S. Securities and Exchange Commission (the “SEC”) a circular relating to the Transaction (the “scheme document”) and may also file other documents with the SEC.

    The scheme document will contain the full terms and conditions of the Transaction, including details with respect to the WNS shareholder vote in respect of the Transaction and will be sent or otherwise disseminated to WNS’ shareholders and will contain important information about the Transaction and related matters. Any decision in respect of, or other response to, the Transaction should be made only on the basis of the information contained in the scheme document.

    SHAREHOLDERS OF WNS ARE ADVISED TO READ THE SCHEME DOCUMENT AND OTHER RELEVANT DOCUMENTS FILED WITH THE SEC WHEN THEY BECOME AVAILABLE, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE TRANSACTION.

    The scheme document and other relevant documents may be obtained, free of charge, on the SEC’s website (http://www.sec.gov), when available. WNS’ shareholders may obtain free copies of the scheme document once it is available from WNS by going to WNS’ website at https://www.wns.com.

    PARTICIPANTS IN THE SOLICITATION

    Capgemini, WNS and certain of their respective directors and officers may be deemed participants in the solicitation of proxies of WNS’ shareholders in connection with the Transaction. Additional information regarding the foregoing persons, including their direct and indirect interests, by security holdings or otherwise, will be set forth in the scheme document and other relevant documents to be filed with the SEC. WNS’ shareholders and other interested persons may obtain, without charge, more detailed information regarding the directors and officers of WNS in WNS’ periodic reports filed with the SEC available on WNS’ website at https://www.wns.com, and regarding the directors and officers of Capgemini in Capgemini’s most recent Universal Registration Document (Document d’Enregistrement Universel) available on Capgemini’s website (https://www.capgemini.com/us-en/).

    FORWARD LOOKING STATEMENTS

    Certain information in this announcement, as well as oral statements made regarding the Transaction, and other information published by WNS, Capgemini or any member of the Capgemini Group contain statements which are, or may be deemed to be “forward-looking statements”, including, but not limited to, the acceleration of Capgemini and WNS’ growth and the value-additive nature of the Transaction for Capgemini shareholders. The words “anticipates”, “expects”, “believes”, “intends, “estimates”, “plans”, “projects”, “may”, “would”, “will”, “should”, “continue”, or the negative of these terms and similar expressions are intended to identify forward-looking statements. Such forward looking statements are prospective in nature and are not based on historical facts, but rather on current expectations and on numerous assumptions regarding the business strategies and the environment in which Capgemini, any member of the Capgemini Group, including WNS and its subsidiaries following the Transaction (“Post-Transaction Group”) shall operate in the future and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by those statements. The forward looking statements contained in this announcement relate to Capgemini, any member of the Capgemini Group or the Post-Transaction Group’s future prospects, developments and business strategies, the expected timing and scope of the Transaction and other statements other than historical facts. For a discussion of some of the risks and important factors that could affect such forward-looking statements, please refer, without limitations, to the risks identified in Capgemini’s most recent Universal Registration Document (Document d’Enregistrement Universel) available on Capgemini’s website (https://www.capgemini.com/us-en/). Factors which could have a material adverse effect on the Company’s operations and future prospects include, but are not limited to, the following risks relating to the Transaction, including in respect of the satisfaction of closing conditions to the Transaction on a timely basis or at all, including the ability to obtain required regulatory approvals and the required scheme shareholder approval; unanticipated difficulties and/or expenditures relating to the Transaction and any related financing; uncertainties as to the timing of the Transaction; litigation relating to, or other challenges to, the Transaction; the impact of the Transaction on each company’s business operations (including the threatened or actual loss of employees, clients or suppliers); the inability to obtain, or delays in obtaining cost savings and synergies from the Transaction; incurrence of unexpected costs and expenses in connection with the Transaction; risks related to changes in the financial, equity and debt markets; and risks related to political, economic and market conditions. In addition, the risks to which WNS’ business is subject, including those risks described in WNS’ periodic reports filed with the SEC, could adversely affect the Transaction and, following the completion of the Transaction, the Company’s operations and future prospects. New risks and uncertainties emerge from time to time, and it is not possible for Capgemini and WNS to predict or assess the impact of every factor that may cause actual results to differ from those contained in any forward-looking statements.

    Specifically, statements of estimated cost savings and synergies relate to future actions and circumstances which, by their nature involve, risks, uncertainties and contingencies. As a result, the cost savings and synergies referred to may not be achieved, may be achieved later or sooner than estimated, or those achieved could be materially different from those estimated. Due to the scale of the Post-Transaction Group, there may be additional changes to the Post-Transaction Group’s operations. As a result, and given the fact that the changes relate to the future, the resulting cost synergies may be materially greater or less than those estimated.

    Forward-looking statements contained herein are only based upon currently available information and speak only as of the date of this announcement, and Capgemini expressly disclaims any obligation to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in Capgemini’s expectations with regard thereto or change in events, conditions or circumstances on which any statement is based.

    Past performance is not a reliable indicator of future results and should not be relied upon for any reason.

    The anticipated financial impact of the acquisition of WNS and any references to future financial performance should not be viewed as management guidance. Actual results may differ from the statements set forth herein and such differences may be material.

    ABOUT CAPGEMINI

    Capgemini is a global business and technology transformation partner, helping organizations to accelerate their dual transition to a digital and sustainable world, while creating tangible impact for enterprises and society. It is a responsible and diverse group of 340,000 team members in more than 50 countries. With its strong over 55-year heritage, Capgemini is trusted by its clients to unlock the value of technology to address the entire breadth of their business needs. It delivers end-to-end services and solutions leveraging strengths from strategy and design to engineering, all fueled by its market leading capabilities in AI, generative AI, cloud and data, combined with its deep industry expertise and partner ecosystem. The Group reported 2024 global revenues of €22.1 billion.

    Get the Future You Want | www.capgemini.com

    ABOUT WNS

    WNS is a digital-led business transformation and services company. WNS combines deep domain expertise with talent, technology, and AI to co-create innovative solutions for over 600 clients across various industries. WNS delivers an entire spectrum of solutions including industry-specific offerings, customer experience services, finance and accounting, human resources, procurement, and research and analytics to re-imagine the digital future of businesses. As of March 31, 2025, WNS had 64,505 professionals across 64 delivery centers worldwide including facilities in Canada, China, Costa Rica, India, Malaysia, the Philippines, Poland, Romania, South Africa, Sri Lanka, Turkey, the United Kingdom, and the United States.

    For more information, visit www.wns.com

    1 Volume-weighted average
    2 Net financial debt of WNS was negligible as at March 31, 2025
    3 Clients of WNS based on public domain information
    4 WNS fiscal year ends March 31. Last 3 fiscal years end March 2025.
    5 Revenue represents revenue less repair payments
    6 WNS “Adjusted operating profit” restated to expense amortization of intangible assets (software) above operating margin to conform to Capgemini’s definition of operating margin.
    7 See https://ir.wns.com/news-releases/news-release-details/wns-acquires-kipiai-expand-data-analytics-ai-capabilities
    8 Including considerations to be paid in connection with Restricted Share Units

    Attachment

    The MIL Network –

  • Indian stock market opens marginally lower amid mixed global cues

    Source: Government of India

    Source: Government of India (4)

    Indian indices opened marginally lower on Monday amid mixed global cues, as selling was seen in the metal, auto, IT, PSU bank, pharma and financial service sectors in the early trade.

    At around 9.28 am, Sensex was trading 75.59 points or 0.09 per cent down at 83,357.30 while the Nifty declined 18.25 points or 0.07 per cent at 25,442.75.

    According to analysts, concerns surrounding a US-India trade deal and the fallout of SEBI’s report on Jane Street will influence market movements.

    “There are reports of a possible interim trade deal between US and India before the July 9th tariff deadline. If that happens, that would be a positive. The regulatory action on Jane Street and its implications will be closely watched by the market,” said Dr VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited.

    The volume of derivative trading is likely to take a hit impacting stock exchanges and some brokerages. This has implications for their stock prices, too. The short-term issues are unlikely to have any long-term impact on the market, he added.

    Nifty Bank was down 50.95 points or 0.09 per cent at 56,980.95 in early trade.

    The Nifty Midcap 100 index was trading at 59,669.55 after declining 8.20 points or 0.01 per cent. Nifty Smallcap 100 index was at 19,025.45 after declining 7.60 points or 0.04 per cent.

    Meanwhile, in the Sensex pack, BEL, Tech Mahindra, Titan, Bajaj Finance, HCL Tech, SBI, Tata Steel and ICICI Bank were the top losers. Trent, Hindustan Unilever Limited, Bajaj Finserv, Asian Paints and HDFC Bank were the top gainers.

    On the institutional front, foreign institutional investors (FIIs) extended their selling streak for the fifth consecutive day, offloading equities worth Rs 760.11 crore on July 4. Domestic institutional investors (DIIs) also sold equities worth Rs 1,028.84 crore on the same day.

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

    In the last trading session on Thursday, Dow Jones in the US closed at 44,828.53, up 344.11 points, or 0.77 per cent. The S&P 500 ended with a gain of 51.93 points, or 0.83 per cent at 6,279.35 and the Nasdaq closed at 20,601.10, up 207.97 points, or 1.02 per cent.

    (IANS)

  • Indian stock market opens marginally lower amid mixed global cues

    Source: Government of India

    Source: Government of India (4)

    Indian indices opened marginally lower on Monday amid mixed global cues, as selling was seen in the metal, auto, IT, PSU bank, pharma and financial service sectors in the early trade.

    At around 9.28 am, Sensex was trading 75.59 points or 0.09 per cent down at 83,357.30 while the Nifty declined 18.25 points or 0.07 per cent at 25,442.75.

    According to analysts, concerns surrounding a US-India trade deal and the fallout of SEBI’s report on Jane Street will influence market movements.

    “There are reports of a possible interim trade deal between US and India before the July 9th tariff deadline. If that happens, that would be a positive. The regulatory action on Jane Street and its implications will be closely watched by the market,” said Dr VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited.

    The volume of derivative trading is likely to take a hit impacting stock exchanges and some brokerages. This has implications for their stock prices, too. The short-term issues are unlikely to have any long-term impact on the market, he added.

    Nifty Bank was down 50.95 points or 0.09 per cent at 56,980.95 in early trade.

    The Nifty Midcap 100 index was trading at 59,669.55 after declining 8.20 points or 0.01 per cent. Nifty Smallcap 100 index was at 19,025.45 after declining 7.60 points or 0.04 per cent.

    Meanwhile, in the Sensex pack, BEL, Tech Mahindra, Titan, Bajaj Finance, HCL Tech, SBI, Tata Steel and ICICI Bank were the top losers. Trent, Hindustan Unilever Limited, Bajaj Finserv, Asian Paints and HDFC Bank were the top gainers.

    On the institutional front, foreign institutional investors (FIIs) extended their selling streak for the fifth consecutive day, offloading equities worth Rs 760.11 crore on July 4. Domestic institutional investors (DIIs) also sold equities worth Rs 1,028.84 crore on the same day.

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

    In the last trading session on Thursday, Dow Jones in the US closed at 44,828.53, up 344.11 points, or 0.77 per cent. The S&P 500 ended with a gain of 51.93 points, or 0.83 per cent at 6,279.35 and the Nasdaq closed at 20,601.10, up 207.97 points, or 1.02 per cent.

    (IANS)

  • Indian stock market opens marginally lower amid mixed global cues

    Source: Government of India

    Source: Government of India (4)

    Indian indices opened marginally lower on Monday amid mixed global cues, as selling was seen in the metal, auto, IT, PSU bank, pharma and financial service sectors in the early trade.

    At around 9.28 am, Sensex was trading 75.59 points or 0.09 per cent down at 83,357.30 while the Nifty declined 18.25 points or 0.07 per cent at 25,442.75.

    According to analysts, concerns surrounding a US-India trade deal and the fallout of SEBI’s report on Jane Street will influence market movements.

    “There are reports of a possible interim trade deal between US and India before the July 9th tariff deadline. If that happens, that would be a positive. The regulatory action on Jane Street and its implications will be closely watched by the market,” said Dr VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited.

    The volume of derivative trading is likely to take a hit impacting stock exchanges and some brokerages. This has implications for their stock prices, too. The short-term issues are unlikely to have any long-term impact on the market, he added.

    Nifty Bank was down 50.95 points or 0.09 per cent at 56,980.95 in early trade.

    The Nifty Midcap 100 index was trading at 59,669.55 after declining 8.20 points or 0.01 per cent. Nifty Smallcap 100 index was at 19,025.45 after declining 7.60 points or 0.04 per cent.

    Meanwhile, in the Sensex pack, BEL, Tech Mahindra, Titan, Bajaj Finance, HCL Tech, SBI, Tata Steel and ICICI Bank were the top losers. Trent, Hindustan Unilever Limited, Bajaj Finserv, Asian Paints and HDFC Bank were the top gainers.

    On the institutional front, foreign institutional investors (FIIs) extended their selling streak for the fifth consecutive day, offloading equities worth Rs 760.11 crore on July 4. Domestic institutional investors (DIIs) also sold equities worth Rs 1,028.84 crore on the same day.

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

    In the last trading session on Thursday, Dow Jones in the US closed at 44,828.53, up 344.11 points, or 0.77 per cent. The S&P 500 ended with a gain of 51.93 points, or 0.83 per cent at 6,279.35 and the Nasdaq closed at 20,601.10, up 207.97 points, or 1.02 per cent.

    (IANS)

  • Indian stock market opens marginally lower amid mixed global cues

    Source: Government of India

    Source: Government of India (4)

    Indian indices opened marginally lower on Monday amid mixed global cues, as selling was seen in the metal, auto, IT, PSU bank, pharma and financial service sectors in the early trade.

    At around 9.28 am, Sensex was trading 75.59 points or 0.09 per cent down at 83,357.30 while the Nifty declined 18.25 points or 0.07 per cent at 25,442.75.

    According to analysts, concerns surrounding a US-India trade deal and the fallout of SEBI’s report on Jane Street will influence market movements.

    “There are reports of a possible interim trade deal between US and India before the July 9th tariff deadline. If that happens, that would be a positive. The regulatory action on Jane Street and its implications will be closely watched by the market,” said Dr VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited.

    The volume of derivative trading is likely to take a hit impacting stock exchanges and some brokerages. This has implications for their stock prices, too. The short-term issues are unlikely to have any long-term impact on the market, he added.

    Nifty Bank was down 50.95 points or 0.09 per cent at 56,980.95 in early trade.

    The Nifty Midcap 100 index was trading at 59,669.55 after declining 8.20 points or 0.01 per cent. Nifty Smallcap 100 index was at 19,025.45 after declining 7.60 points or 0.04 per cent.

    Meanwhile, in the Sensex pack, BEL, Tech Mahindra, Titan, Bajaj Finance, HCL Tech, SBI, Tata Steel and ICICI Bank were the top losers. Trent, Hindustan Unilever Limited, Bajaj Finserv, Asian Paints and HDFC Bank were the top gainers.

    On the institutional front, foreign institutional investors (FIIs) extended their selling streak for the fifth consecutive day, offloading equities worth Rs 760.11 crore on July 4. Domestic institutional investors (DIIs) also sold equities worth Rs 1,028.84 crore on the same day.

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

    In the last trading session on Thursday, Dow Jones in the US closed at 44,828.53, up 344.11 points, or 0.77 per cent. The S&P 500 ended with a gain of 51.93 points, or 0.83 per cent at 6,279.35 and the Nasdaq closed at 20,601.10, up 207.97 points, or 1.02 per cent.

    (IANS)

  • Typhoon Danas lashes southern Taiwan with record winds, injuring hundreds

    Source: Government of India

    Source: Government of India (4)

    Typhoon Danas lashed southern Taiwan with record winds and strong rain early on Monday, killing two people and injuring more than 330 in a rare hit to the island’s densely populated west coast, where businesses and schools were shut.

    Taiwan is regularly struck by typhoons but they generally land along the mountainous and sparsely populated east coast facing the Pacific.

    Typhoon Danas, at one point listed by Taiwan’s weather authority at the second-strongest level, headed northerly towards the Taiwan Strait after making landfall along its southwestern coast late on Sunday.

    It has greatly weakened since and was forecast to hit eastern China later this week.

    “The typhoon track is rare… the whole of Taiwan will be affected by the wind and rain one after another,” President Lai Ching-te said in a post on Facebook, urging citizens to make preparations.

    Power to more than half a million homes was cut and over 300 domestic and international flights were cancelled, government data showed. The north-south high-speed rail line scaled back services.

    The National Fire Agency said one person was killed by a falling tree while driving and another died after their respirator malfunctioned due to a power cut.

    Record winds of around 220 kilometres per hour were recorded in the southwestern county of Yunlin, while more than 700 trees and street signs were blown over across western cities and towns, government data showed.

    There was no major report of damage in the Tainan Science Park that houses tech giants such as TSMC 2330.TW.

    (Reuters)

  • Typhoon Danas lashes southern Taiwan with record winds, injuring hundreds

    Source: Government of India

    Source: Government of India (4)

    Typhoon Danas lashed southern Taiwan with record winds and strong rain early on Monday, killing two people and injuring more than 330 in a rare hit to the island’s densely populated west coast, where businesses and schools were shut.

    Taiwan is regularly struck by typhoons but they generally land along the mountainous and sparsely populated east coast facing the Pacific.

    Typhoon Danas, at one point listed by Taiwan’s weather authority at the second-strongest level, headed northerly towards the Taiwan Strait after making landfall along its southwestern coast late on Sunday.

    It has greatly weakened since and was forecast to hit eastern China later this week.

    “The typhoon track is rare… the whole of Taiwan will be affected by the wind and rain one after another,” President Lai Ching-te said in a post on Facebook, urging citizens to make preparations.

    Power to more than half a million homes was cut and over 300 domestic and international flights were cancelled, government data showed. The north-south high-speed rail line scaled back services.

    The National Fire Agency said one person was killed by a falling tree while driving and another died after their respirator malfunctioned due to a power cut.

    Record winds of around 220 kilometres per hour were recorded in the southwestern county of Yunlin, while more than 700 trees and street signs were blown over across western cities and towns, government data showed.

    There was no major report of damage in the Tainan Science Park that houses tech giants such as TSMC 2330.TW.

    (Reuters)

  • Trump says US nears trade deals as tariff deadline delayed

    Source: Government of India

    Source: Government of India (4)

    The United States is close to finalizing several trade pacts in coming days and will notify other countries of higher tariff rates by July 9, President Donald Trump said on Sunday, with the higher rates set to take effect on August 1.

    Since taking office, Trump has set off a global trade war that has roiled financial markets and sent policymakers scrambling to protect their economies, through efforts such as deals with the United States and other countries.

    In April Trump unveiled a base tariff rate of 10% on most countries and additional duties of up to 50%, but later gave a three-week reprieve until Wednesday for all but 10% of them.

    Trump, whose remarks to reporters on Sunday came just before his return to Washington from a weekend golfing in New Jersey, had flagged the August 1 date earlier, but it was unclear if all tariffs would increase then.

    Asked to clarify, Commerce Secretary Howard Lutnick told reporters the higher tariffs would take effect on August 1, but Trump was “setting the rates and the deals right now.”

    In a posting on his Truth Social website, Trump later said the U.S. would start delivering tariff letters from 12:00 pm ET (1600 GMT) on Monday.

    In a separate post, he rolled out a wholly new tariff policy, calling for countries “aligning themselves with the Anti-American policies” of the BRICS developing nations to be charged an extra 10% tariff, with no exceptions to be granted.

    The first BRICS summit in 2009 was attended by leaders from Brazil, China, India and Russia, with South Africa joining later while Egypt, Ethiopia, Indonesia, Iran, Saudi Arabia and the United Arab Emirates were included last year.

    Trump has close ties to leaders of some of those countries, such as Saudi Arabia and UAE, and has been touting the prospect of a trade deal with India for weeks.

    On Sunday, BRICS leaders condemned attacks on Gaza and Iran, called for reforms to global institutions and warned that the rise in tariffs threatened global trade.

    It was not immediately clear if Trump’s tariff threat would derail trade talks with India, Indonesia and other BRICS nations, however.

    Earlier on Sunday, U.S. Treasury Secretary Scott Bessent told CNN’s “State of the Union” that several big trade agreements would be announced in the next days, adding that European Union talks had made good progress.

    Trump would also send letters to 100 smaller countries with which the United States does not have much trade, notifying them of higher tariff rates, he added.

    “President Trump’s going to be sending letters to some of our trading partners saying that if you don’t move things along, then on August 1 you will boomerang back to your April 2 tariff level,” Bessent said.

    “So I think we’re going to see a lot of deals very quickly.”

    Kevin Hassett, who heads the White House National Economic Council, told CBS’s “Face the Nation” program there might be wiggle room for countries engaged in earnest negotiations.

    “There are deadlines, and there are things that are close, and so maybe things will push back past the deadline,” Hassett said, adding that Trump would decide.

    ‘I HEAR GOOD THINGS’

    Stephen Miran, chairman of the White House Council of Economic Advisers, told ABC News’ “This Week” program that countries needed to make concessions to get lower tariff rates.

    “I hear good things about the talks with Europe. I hear good things about the talks with India,” Miran said. “And so I would expect that a number of countries that are in the process of making those concessions … might see their date rolled.”

    Bessent told CNN the Trump administration was focused on 18 important trading partners that account for 95% of the U.S. trade deficit. But he said there had been “a lot of foot-dragging” among countries in finalizing trade deals.

    Thailand, keen to avert a 36% tariff, is now offering greater market access for U.S. farm and industrial goods and more purchases of U.S. energy and Boeing BA.N jets, Finance Minister Pichai Chunhavajira told Bloomberg News on Sunday.

    India and the United States are likely to make a final decision on a mini trade deal in the next 24 to 48 hours, local Indian news channel CNBC-TV18 reported on Sunday, with average tariffs of 10% on Indian goods shipped to the U.S., it said.

    Hassett told CBS News that framework agreements already reached with Britain and Vietnam offered guidelines for other countries. He said Trump’s pressure was prompting countries to move production to the United States.

    The Vietnam deal was “fantastic,” Miran said.

    “It’s extremely one-sided. We get to apply a significant tariff to Vietnamese exports. They’re opening their markets to ours, applying zero tariff to our exports.”

    (Reuters)

  • MIL-OSI China: David Tao’s first album in 12 years set for global release

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

    David Tao, widely known as the godfather of Mandarin R&B, will make his first full-length album in 12 years, “Stupid Pop Songs,” available globally with the support of Universal Music Greater China (UMGC), the company announced Friday.

    A photo of David Tao. [Photo courtesy of UMGC]

    “Stupid Pop Songs” has been available on major digital platforms since April, with a physical worldwide release planned on July 11 through UMGC. The album is the first project under a new partnership among Tao, his company Great Entertainment and UMGC, a division of Universal Music Group. 

    The 15-track album features Tao’s blend of distorted guitars, raw vocals, sweeping ballads and experimental textures. Inspired by years of reflection, the release aims to challenge conventional pop with honesty, humor and soul, and encourages listeners to rediscover joy and authenticity in simplicity, according to UMGC.

    “David Tao is one of the most visionary and influential figures in Mandopop history,” said Timothy Xu, chairman and CEO of UMGC. “His music has shaped the genre and inspired generations with its emotional depth and artistic courage. We are proud to welcome David to the Universal Music family. This alliance underscores our long-term investment in iconic artistry and reinforces our commitment to expanding the global reach of Mandarin pop.”

    David Tao (left), recording artist and founder of Great Entertainment, and Timothy Xu, chairman and CEO of Universal Music Greater China, pose in front of decorations featuring Tao’s new album cover art. [Photo courtesy of UMGC]

    Tao said music has always been a borderless and personal journey for him. 

    “This new chapter with Universal Music allows us to bring our creative work to a broader global stage,” Tao said. “I am grateful for the trust and alignment in vision, and excited to explore new possibilities with Universal Music Greater China to elevate Mandarin pop and share our stories with the world.”

    The singer has played a pivotal role in redefining the sound of Mandarin pop over the past three decades. Before launching his solo career, he was already an in-demand producer.

    His 1997 debut album, “David Tao,” won Golden Melody Awards and was recognized by Billboard as the best Asian singer-songwriter. The album featured hits such as “Love, Very Simple,” which has been covered by artists internationally. Tao’s early trilogy of albums — “David Tao,” “I’m OK” and “Black Tangerine” — blended East-West sounds with emotional honesty, helping establish a new direction for Mandarin pop. 

    Now in his 28th year in music, “Stupid Pop Songs” signals both a comeback and a bold reinvention, according to UMGC’s press release.

    Universal said it remains committed to promoting Chinese pop music internationally through its global network.

    MIL OSI China News –

  • MIL-OSI China: Death toll from Texas floods rises to 80, Trump denies link with his policy

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

    Up to 80 people have died while more than 40 people remain missing on Sunday, three days after hours of heavy rain led to major flash flooding in the south-central U.S. state of Texas, authorities said Sunday afternoon.

    U.S. President Donald Trump said Sunday he is planning to visit Texas on Friday, hours after signing a major disaster declaration, unlocking key federal resources as search and rescue efforts continue.

    Kerr County, the hardest hit among 20 affected counties in the region, alone accounts for at least 68 of the fatalities, including 21 children, Kerr County Sheriff Larry Leitha said Sunday.

    Four other counties have reported a combined total of 12 deaths.

    Leitha said 10 girls and one counselor from Camp Mystic were still unaccounted for as of Sunday afternoon, noting search and rescue efforts are still underway.

    Texas Governor Greg Abbott said at a press conference Sunday afternoon that at least 41 people were still unaccounted for across the state’s flood-impacted area.

    He warned that additional heavy rainfall is expected in the coming days, keeping parts of the state at risk for further flooding.

    The Federal Emergency Management Agency has opened seven shelters, which are also providing food and water for central Texas communities, said a CNN report.

    Also on Sunday, Trump pushed back on criticism that his administration’s budget cuts to the nation’s weather services had played a role in the deadly floods in Texas.

    “I would just say this is a 100-year catastrophe and it’s just so horrible to watch,” Trump spoke to reporters as he left his New Jersey golf club after the weekend, “This was the thing that happened in seconds. Nobody expected it. Nobody saw it.”

    Asked if the federal government needs to rehire the meteorologists who left during earlier budget and staffing cut after he returned to the White House, the president suggested it was not necessary.

    Criticism has been mounting over how the National Weather Service (NWS) handled the emergency. Some local officials and residents said the flood warnings were late or insufficient.

    Nim Kidd, chief of the Texas Division of Emergency Management, asserted Friday that the NWS “did not predict the amount of rain that we saw.”

    Staffing data provided by the NWS’s labor union showed the San Angelo forecasting office currently has four vacancies out of 23 positions and San Antonio has six vacancies out of 26, according to a report from Texas Tribune. Both offices are in central Texas.

    However, the NWS forecasting offices were operating normally at the time of the disaster, said the report, citing Greg Waller, service coordination hydrologist with the NWS West Gulf River Forecast Center in Fort Worth in northern Texas. 

    MIL OSI China News –

  • MIL-OSI China: China spotlights premium regional products to boost global trade, food safety

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

    The China Council for the Promotion of International Trade (CCPIT) hosted a showcase of geographical indication (GI) products in Beijing on July 4, highlighting premium regional specialties as part of National Food Safety Publicity Week.

    The China Geographical Indication Products Promotion Event is held in Beijing, China, July 4, 2025. [Photo courtesy of CCPIT]

    The event aimed to boost public awareness of GI products — foods and agricultural goods known for their unique qualities linked to specific regions — and to promote the sustainable consumption of high-quality products with an emphasis on food safety.

    Displays featured distinguished GI products 

    Highlights included Fuding White Tea, wine from the eastern foothills of Helan Mountain, Yangxin Beef, Wuxi Hao Tea and Yellow River estuary rice. These items represent some of China’s finest teas, wines, gourmet foods and specialty agricultural products from regions such as Shandong, Jiangsu, Ningxia, Guangdong, Guangxi, and Fujian.

    CCPIT Vice Chairman Li Xinqian underscored in his keynote address that food safety is a cornerstone of national well-being and a top priority for consumers. He stressed that integrating China’s premium GI products into the global agricultural supply chain is essential for promoting the sector’s development and strengthening the country’s international competitiveness.

    As of late 2024, China had certified 2,544 GI products, with their direct annual output exceeding 960 billion yuan ($133 billion), reflecting consistent year-on-year growth, Li said.

    Li noted that the third China International Supply Chain Expo (CISCE) will take place in Beijing from July 16 to 20. The event will feature exhibition zones dedicated to the green agriculture and healthy living supply chains, showcasing leading products from various industrial segments. Organizers said these exhibits will demonstrate China’s commitment to sustainable, high-quality supply chain development.

    MIL OSI China News –

  • MIL-OSI China: China completes major desert control project in Inner Mongolia

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

    China completes major desert control project in Inner Mongolia

    Xinhua | July 7, 2025

    An aerial drone photo taken on May 15, 2024 shows tree seedlings planted at an afforestation area in the Horqin sandy land in Tongliao city, North China’s Inner Mongolia autonomous region. [Photo/Xinhua]

    A barrier belt spanning three deserts in north China’s Inner Mongolia Autonomous Region has been completed, marking a milestone achievement in the country’s desertification control efforts.

    Workers laid the final straw checkerboard — a traditional sand-fixing technique — on Sunday, completing the last stretch of the 1,856-km green barrier across the Badain Jaran, Tengger and Ulan Buh deserts to halt further desert encroachment.

    The three deserts within the Alxa League of Inner Mongolia cover a total area of 94,700 square kilometers, accounting for 83.04 percent of the region’s total desert land.

    “We use the straw checkerboard method to first lock the shifting sand, followed by planting drought-resistant trees such as sacsaoul. This approach helps us build an effective sand prevention and control system, ultimately strengthening the ecological barrier,” said Zhang Youyong, chief engineer at the forestry, grassland and desert control bureau of Alxa Right Banner.

    Over the past four decades, the Alxa League has carried out desertification prevention and control across nearly 100 million mu (6.67 million hectares). It has also built two green belts, stretching a total of 460 kilometers in length and 3 to 20 kilometers in width, along the southeastern edge of the Tengger Desert and the southwestern edge of the Ulan Buh Desert. 

    MIL OSI China News –

  • MIL-OSI Asia-Pac: DG David Cheng-Wei Wu Attends Memorial Ceremony Marking the 88th Anniversary of the Lugou Bridge Incident

    Source: Republic of China Taiwan

    Director General David Cheng-Wei Wu attended a memorial ceremony commemorating the Lugou Bridge Incident (also known as the Marco Polo Bridge Incident), hosted by the KMT Australia Branch.
    In his remarks, DG Wu emphasized that Taiwan—positioned on the frontline of authoritarian expansion—is actively strengthening its readiness and building whole-of-society defense resilience in the face of potential aggression. At the same time, Taiwan’s pursuit of CPTPP accession is not only a move to enhance integration into critical supply chains, but also to bolster both economic resilience and national security.
    We are grateful for the continued support of the overseas community and look forward to working together to safeguard Taiwan’s liberal democracy.

    MIL OSI Asia Pacific News –

  • MIL-OSI China: Announcement on Open Market Operations No.128 [2025]

    Source: Peoples Bank of China

    Announcement on Open Market Operations No.128 [2025]

    (Open Market Operations Office, July 7, 2025)

    The People’s Bank of China conducted reverse repo operations in the amount of RMB106.5 billion through quantity bidding at a fixed interest rate on July 7, 2025.

    Details of the Reverse Repo Operations

    Maturity

    Rate

    Bidding Volume

    Winning Bid Volume

    7 days

    1.40%

    RMB106.5 billion

    RMB106.5 billion

    Date of last update Nov. 29 2018

    2025年07月07日

    MIL OSI China News –

  • MIL-OSI China: Xi replies to US youth pickleball cultural exchange delegation over China visit

    Source: China State Council Information Office

    Xi replies to US youth pickleball cultural exchange delegation over China visit

    Xinhua | July 7, 2025

    Chinese President Xi Jinping has recently replied to teachers and students of the U.S. youth pickleball cultural exchange delegation from Montgomery County, Maryland, who have visited China under the initiative of inviting 50,000 young Americans to China for exchange and study programs in a five-year span.

    Xi congratulated the delegation on its successful visit to China, saying he was pleased to see that pickleball has become a new bond for youth exchanges between China and the United States.

    The future of China-U.S. relations depends on the youth, said Xi, expressing the hope that the delegation members will become a new generation of ambassadors for friendship between the two countries and make greater contributions to enhancing the friendship between the two peoples.

    Earlier, the teachers and students of the delegation sent a letter to Xi, expressing their gratitude for the “50,000 in Five Years” initiative he put forward.

    They shared their experience of visiting China and engaging in pickleball exchange activities in April, saying that they forged unforgettable friendships with Chinese youths during the trip.

    They expressed their hope to invite Chinese young people to visit the United States. 

    MIL OSI China News –

  • MIL-OSI China: China’s Central Archives opens over 57,000 documents to public

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

    BEIJING, July 7 — China’s Central Archives on Monday opened over 57,000 documents to the public to mark the 80th anniversary of victory in the Chinese People’s War of Resistance Against Japanese Aggression and the World Anti-Fascist War.

    The newly accessible material includes more than 40,000 items specifically chronicling the resistance period from September 1931 to September 1945.

    The wartime records — sourced from Party-led government bodies, organizations, military units and mass groups — feature telegrams, announcements, summaries, reports and other records highlighting the Communist Party of China’s leadership role.

    These documents can be accessed at the Central Archives upon presentation of an ID card or relevant credentials.

    MIL OSI China News –