NewzIntel.com

Category: Commerce

  • MIL-OSI: Altai Announces Filing of Meeting Materials for Special Meeting of Shareholders

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, July 31, 2025 (GLOBE NEWSWIRE) — Altai Resources Inc. (TSXV: ATI) (“Altai” or the “Company”) announced today that it has filed a management information circular (the “Circular”) and related meeting materials (together with the Circular, the “Meeting Materials”) in connection with a special meeting (the “Meeting”) of shareholders of the Company (the “Shareholders”) to be held on September 3, 2025 to consider and, if deemed advisable, approve, with or without variation, a special resolution authorizing and approving a reduction of the stated capital account of the common shares of the Company (the “Common Shares”) by an aggregate amount to be determined by the board of directors of the Company from time to time up to a maximum cumulative total amount of $4,000,000 pursuant to Section 34(1)(b) of the Business Corporations Act (Ontario) for the purposes of distributing such amount to holders of Common Shares by way of a return of capital in one or more special cash distribution(s), all as more particularly described in the Circular.

    Shareholders are encouraged to read the Meeting Materials, which have been filed on SEDAR+ and can be viewed at www.sedarplus.ca under the Company’s profile. The Meeting Materials will be mailed in due course to the Shareholders entitled to vote at the Meeting.

    ABOUT THE COMPANY
    Altai Resources Inc. is a Toronto, Ontario based resource company with a producing oil property in Alberta, an exploration gold property in Quebec, and a Canadian investment portfolio comprised of cash and cash equivalents. Additional information about the Company is available on SEDAR+ at www.sedarplus.ca and on the Company’s website at www.altairesources.com. 

    For further information, please contact:
    Kursat Kacira, Chairman & CEO/President
    T: (647) 282-8324, E: kursatkacira@altairesources.ca

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

    The MIL Network –

  • MIL-OSI Economics: Frozen in transit: Russian state actor Secret Blizzard’s AiTM campaign against diplomats

    Source: Microsoft

    Headline: Frozen in transit: Russian state actor Secret Blizzard’s AiTM campaign against diplomats

    Cart 0 items in shopping cart

    MIL OSI Economics –

  • MIL-OSI USA: ICYMI: On Bloomberg TV’s Balance of Power, Shaheen Details Her Senate Floor Effort to Block Trump Tariff Taxes from Taking Effect, Highlights Trade War Harms to Families and Businesses

    US Senate News:

    Source: United States Senator for New Hampshire Jeanne Shaheen

    (Washington, DC) – U.S. Senator Jeanne Shaheen (D-NH), Ranking Member of the U.S. Senate Foreign Relations Committee and a top member of the U.S. Senate Small Business Committee, joined Bloomberg TV’s Balance of Power last night to discuss her Senate floor effort to block President Trump’s tariffs from taking effect on August 1 and lead her colleagues in detailing the real harm the Administration’s trade war causes to American families and businesses. Shaheen relayed the concerns she heard from Granite State small businesses during recent visits about the high costs, uncertainty and supply chain challenges posed by the President’s trade war.

    Click HERE to watch Senator Shaheen’s full interview.

    Key quotes from Senator Shaheen:

    • “I went to the floor several months ago with the same unanimous consent request for legislation that I’ve introduced, and the Republican majority objected to that – but I think it’s important to continue to raise the concern. Because every business that I visit in New Hampshire has expressed concern about the tariffs.”
    • “The other thing that I’ve heard from literally every business that I’ve visited is that, as much of a problem as the high tariffs are and the increases in cost, it’s the uncertainty that it means for their business. Because they don’t know what the President’s gonna do. […] So, businesses don’t know how to invest, they don’t know how to plan – and that creates real problems for businesses and the people who work there.”
    • “We just had a hearing in Foreign Relations today on critical minerals in Africa, and the fact that we’re not producing those critical minerals in the United States that we need for the auto industry, for our appliances and virtually everything we do. So we need to do that, but these tariffs aren’t going to help us with those critical minerals. We need to make some of those investments, and we need to have a strategy to do that.”

    Following the interview, Shaheen took to the Senate floor to call for unanimous consent to pass her Protecting Americans from Tax Hikes on Imported Goods Act and highlight the devastating impacts the trade war has on families, small businesses, American manufacturing and key trade partnerships across the world. If Senate Republicans had not blocked the move, Shaheen’s legislation would have clarified that the President does not have the authority to invoke the International Emergency Economic Powers Act (IEEPA) to level sweeping tariffs.

    Click HERE to watch Shaheen’s remarks in full.

    Senator Shaheen is helping lead efforts in Congress to mitigate the harmful impacts of President Trump’s tariffs. Last week, Shaheen helped introduce bipartisan legislation, Creating Access to Necessary American-Canadian Duty Adjustments (CANADA) Act, that would exempt United States-owned small businesses from the sweeping tariffs imposed on Canadian products. Last month, Shaheen led 30 Senators in filing an amicus brief in a key case, Oregon v. Department of Homeland Security, challenging the Trump Administration’s abuse of emergency powers to impose tariffs. In January, Shaheen introduced the Protecting Americans from Tax Hikes on Imported Goods Act.

    In recent months, Shaheen has traveled across the Granite State to discuss the impact of tariffs on New Hampshire’s tourism industry and to visit businesses impacted by President Trump’s trade war including Brueckner Group USA, Colby Footwear, Chatila’s Bakery, C&J, DCI Furniture, Mount Cabot Maple, American Calan Inc. and NH Ball Bearings.

    MIL OSI USA News –

  • MIL-OSI USA: ICYMI: Secretary Chavez-DeRemer highlights President Trump’s AI Action Plan, pro-worker accomplishments on ‘America at Work’ listening tour

    Source: US Department of Labor

    MYRTLE BEACH, SC – U.S. Department of Labor Secretary Lori Chavez-DeRemer continued her nationwide America at Work listening tour this week starting on the West Coast in Washington state to discuss artificial intelligence, before heading to the East Coast and stopping in South Carolina, where she spoke with business leaders and manufacturers in Florence, Georgetown, Hartsville, Mullins, and Myrtle Beach.

    In Kirkland, Washington, the Secretary met with software developers at ServiceNow to discuss the growing role of artificial intelligence in the workplace. In South Carolina, she visited with manufacturers across multiple industries to hear directly from business leaders and workers about how President Trump’s pro-growth policies are strengthening the American workforce.

    “Every sector of our economy is coming back to life under President Trump’s bold, visionary leadership – from artificial intelligence in Washington state to advanced manufacturing in South Carolina,” said Secretary Chavez-DeRemer. “In just over six months, this President has expanded economic opportunity for hardworking Americans by making historic investments in our workforce through the One Big Beautiful Bill Act. I’d like to thank my friend, Congressman Fry, for hosting me in the great state of South Carolina to see the positive impacts of these America First policies firsthand. I’m committed to working with our federal, state, and local partners to ensure workers have the tools they need to succeed in America’s new Golden Age.”

    “South Carolina is home to some of the hardest working people in the country, and the One Big Beautiful Bill puts them first – cutting taxes, growing jobs, and investing in the future of our workforce,” said Rep. Russell Fry. “From touring thriving manufacturing facilities, seeing our tourism and hospitality industries in action, and meeting the workers who keep it all running, we saw firsthand how this legislation delivers for South Carolina families and the American people. Thank you to my good friend Secretary Chavez-DeRemer for visiting the Grand Strand and Pee Dee regions of our state to see just how much this bill will mean for South Carolina’s future.”

    Washington

    In Kirkland, Secretary Chavez-DeRemer toured ServiceNow’s offices and met with employees to discuss how they are helping power a new AI boom in the U.S. The Secretary emphasized that the Department of Labor will play a central role in implementing President Trump’s AI Action Plan, which aims to boost AI literacy, invest in skills training, and ensure American workers are equipped to thrive in an increasingly AI-driven economy.

    South Carolina

    In Myrtle Beach, Secretary Chavez-DeRemer joined Rep. Fry for a roundtable discussion with business leaders at the Myrtle Beach Chamber of Commerce. They talked about how the One Big Beautiful Bill Act is reinvigorating American industry by eliminating taxes on tips and overtime and expanding access to Pell Grants for technical schools so students can be ready to fill in-demand jobs. The Secretary also provided an update on her America at Work tour, reiterating that listening directly to workers is critical to developing policies that put American workers first.

    Following the roundtable, Secretary Chavez-DeRemer visited several local employers that are driving economic growth and job creation:

    • Envirosep, where she met with engineers and technicians developing next-generation heating system technologies designed to improve energy efficiency and reduce operating costs.
    • SOPACKO, a manufacturer of ready-to-eat meals for the U.S. military, where she observed how recent investments have strengthened domestic production and bolstered manufacturing capacity to support America’s servicemembers.
    • Buc-ee’s, where she toured the company’s only South Carolina location and saw firsthand how the pride and value of hard work is reflected in top-tier customer service.
    • Stingray Boats, where she visited with workers to learn more about how one of the nation’s leading independent boat builders has been manufacturing high-performance recreational boats for over four decades. 

    At each stop, Secretary Chavez-DeRemer highlighted how President Trump’s One Big Beautiful Bill Act is creating new pathways to economic prosperity by expanding opportunity and helping more hardworking men and women achieve the American Dream. Learn more about her recent visits to Georgia, Michigan, and Indiana.

    MIL OSI USA News –

  • MIL-OSI New Zealand: EIT helps fulfil long-held goal for accounting student | EIT Hawke’s Bay and Tairāwhiti

    Source: Eastern Institute of Technology

    11 minutes ago

    After working in South Africa for nearly 18 years and putting her studies on hold when her daughter became seriously ill, Chantel Delport is now halfway through a Bachelor of Accounting at EIT.

    The 36-year-old mother of three moved to New Zealand with her husband Quentin and their children in 2019, following a difficult period that saw her prioritise family over formal study.

    “I did begin my studies back home in South Africa, but due to a serious family health scare involving my daughter, I wasn’t able to sit my exams,” Chantel says.

    “At that time, my children became my top priority, and I put my studies on hold.”

    While settling into a new life in Hawke’s Bay, Chantel continued with some online learning and worked in accounts and admin. She had already been a bookkeeper since 2007, something she says she loved from the beginning, but she was ready to take her skills further.

    “Over the years I completed various online courses, but none were NZQA-approved. I really wanted to take my skills to the next level.”

    Chantel says she chose EIT because she wanted to study in a real classroom environment where she could engage directly with lecturers. Although she was nervous at first about returning to study, she quickly found she was not alone.

    “I thought I’d be the oldest student on campus, but I was pleasantly surprised to find many people my age also pursuing education and self-improvement.”

    She says smaller class sizes at EIT have allowed her to ask more questions and form meaningful connections with both classmates and lecturers.

    “My lecturers have been incredibly understanding and supportive, especially as I juggle life as a mum of three, one of whom has ongoing health challenges.”

    Chantel still works part-time in accounts and admin while studying. She says finding balance has not always been easy, but it has been worth it.

    “There have been plenty of exhausting days where I questioned whether I could keep going, but the personal satisfaction and sense of achievement have kept me moving forward.”

    Her long-term goal is to become a Chartered Accountant and potentially explore forensic accounting in future.

    To others considering a return to study later in life, she has a simple message: “Don’t let age stop you.”

    “It’s never too late to pursue the education you’ve always dreamed of or to aim for the career and pay you deserve. You are absolutely worth it.”

    Gareth Allison, EIT’s Head of the School of Business, said: “Chantel’s journey is a powerful reminder that perseverance can overcome even the toughest challenges”.

    “We are proud to support students like her who balance family, work, and study. At EIT, we believe education is a lifelong pursuit, and Chantel’s success is an inspiration to all who aspire to reach their goals.”

    MIL OSI New Zealand News –

  • MIL-OSI USA: Tuberville, Risch Introduce Legislation to Protect Firearm Small Businesses

    US Senate News:

    Source: United States Senator Tommy Tuberville (Alabama)

    WASHINGTON – Today, U.S. Senator Tommy Tuberville (R-AL) joined U.S. Senator Jim Risch (R-ID), and 16 other Republican colleagues to introduce the Equal Shot Act. The legislation prohibits the Small Business Administration (SBA) from discriminating against firearm-related businesses.

    “For years, the far left has tried to undermine Americans’ right to bear arms. Under Joe Biden, the Small Business Administration tried to cut off capital to firearm businesses in hopes of forcing them to close. That’s not acceptable for the freest country in the world.  In Alabama, we respect the 2nd Amendment. We respect freedom. And we stand with the small business owners who make our communities stronger and our country safer,” said Sen. Tuberville.“I’m proud to join this fight to ensure that lawful firearm-related businesses get the same opportunities as any other small business—no more picking winners and losers based on a political agenda. As a proud gun owner, I will always fight to protect our Second Amendment rights.”

    Joining Sens. Tuberville and Risch in introducing the Equal Shot Act are U.S. Sens. Mike Crapo (R-ID), Marsha Blackburn (R-TN), Ted Budd (R-NC), Shelley Moore Capito (R-WV), Bill Cassidy (R-LA), Steve Daines (R-MT), Deb Fischer (R-NE), Lindsey Graham (R-SC), Cindy Hyde-Smith (R-MS), Jim Justice (R-WV), John Kennedy (R-LA), James Lankford (R-OK), Mike Lee (R-UT), Cynthia Lummis (R-WY), Tim Scott (R-SC), and Tim Sheehy (R-MT).

    Earlier this week, Sens. Tuberville and Risch also introduced the National Shooting Sports Month Resolution recognizing August as National Shooting Sports Month.

    MORE:

    Tuberville Fights for Second Amendment Rights

    Tuberville Continues to Defend Second Amendment Rights
    Tuberville, Barrasso Push for Pro-Growth Tax Reductions, Lower Prices for Small Businesses

    Tuberville Speaks with Trump Defense Nominees on Supporting Small Businesses and Service Academy Oversight

    Tuberville, Colleagues Celebrate Small Businesses During Small Business Week

    Tuberville Fights to Give Small Businesses a Tax Break

    Senator Tommy Tuberville represents Alabama in the United States Senate and is a member of the Senate Armed Services, Agriculture, Veterans’ Affairs, HELP and Aging Committees.

    MIL OSI USA News –

  • MIL-OSI United Kingdom: UK outshines global competitors as Arbitration Act comes into effect

    Source: United Kingdom – Executive Government & Departments 3

    Press release

    UK outshines global competitors as Arbitration Act comes into effect

    Businesses will benefit from faster and cheaper dispute resolution as major reforms to arbitration law come into effect today.

    • New law comes into force today to strengthen UK’s world-leading status in arbitration
    • Businesses can now settle disputes faster and at less cost
    • Part of Government’s Plan for Change to drive new business straight into £42.6 billion legal sector

    The modernisation of the Arbitration Act is set to boost the UK economy by millions while creating new employment opportunities within the legal sector.   

    The new law will reinforce Britain’s position as the world’s number one destination for arbitration – building on London’s status as the globally preferred location for these services over competitors like Singapore, Hong Kong and Paris.  

    This will attract further investment to the UK’s £42.6 billion legal services economy and create highly-skilled jobs, supporting the sector’s existing 384,000 workforce.  

    Businesses around the world already look to the UK as the gold standard in arbitration, and this new law cements our place as the global jurisdiction of choice – competing globally and keeping British companies on top.   

    As part of our Plan for Change, we will continue to drive new business straight into the UK to boost jobs and support economic growth.

    As the largest legal services market in Europe, international arbitration represents a major growth sector for the UK economy. England and Wales handle at least 5,000 domestic and international arbitrations annually, contributing £2.5 billion in fees alone.  

    From today, arbitrators have the power to dismiss weak cases quickly, preventing businesses from wasting time and money on disputes with no chance of success.   

    The reforms also require arbitrators to declare any potential conflicts of interest upfront, ensuring fairer outcomes for businesses.   

    Courts have gained new powers to better support the arbitration process, while simplified procedures will cut delays and costs for all parties involved.  

    The Arbitration Act received Royal Assent in February and has now been fully implemented. 

    Cristen Bauer, Director of External Affairs, Chartered Institute of Arbitrators 

    As the leading professional body globally for dispute resolvers, we are delighted to see the Arbitration Act 2025 come into force. We commend the Government’s commitment to modernise the Arbitration Act and to engage in a collaborative reform process with stakeholders from across the dispute resolution ecosystem. 

    Ciarb is proud to have contributed to this important reform and stands ready to support the global arbitration community in harnessing the full potential of this new framework. This milestone not only strengthens arbitration in England, Wales, and Northern Ireland, but also reinforces global efforts to uphold high standards of fairness, efficiency, and integrity across the profession.

    Updates to this page

    Published 1 August 2025

    MIL OSI United Kingdom –

  • MIL-OSI USA: Norcross, Stevens, Lawler, Markey Introduce Bipartisan, Bicameral Bill to Improve Warehouse Worker Safety

    Source: United States House of Representatives – Congressman Donald Norcross (1st District of New Jersey)

    WASHINGTON, DC — Today, Representatives Donald Norcross (D-NJ), Haley Stevens (D-MI), and Mike Lawler (R-NY), along with Senator Edward Markey, introduced the bipartisan, bicameral Warehouse Worker Protection Act. The bill aims to improve safety by requiring companies with large warehouses to disclose quotas to workers and prohibiting quotas that interfere with health and safety.

    The Warehouse Worker Protection Act requires companies to provide written descriptions of quotas workers are subjected to, any disciplinary action that would result from failure to meet the quota, and the existence of any incentive or bonus program associated with each quota and how the quota is monitored. The bill also prohibits companies from establishing quotas that prevent a worker from complying with any meal or rest period or from using bathroom facilities.

    “In 2022, three New Jersey warehouse workers tragically died on the job within weeks of each other, bringing attention to working conditions and injury rates in warehouses. Businesses can keep workers safe and earn a profit, but that’s only possible with more transparency and accountability,” said Congressman Donald Norcross (D-NJ). “As a former electrician, I know firsthand what it’s like to lose a coworker on the job. The Warehouse Worker Protection Act takes necessary steps to ensure everyone can come home from work safely.”

    “Too often, the people powering our supply chains go unseen. Warehouse workers, including thousands across Michigan, are essential to keeping goods moving and our economy strong,” said Congresswoman Haley Stevens (D-MI). “That’s why I’m proud to co-lead the Warehouse Worker Protection Act, a bill that prioritizes worker safety. It establishes fair limits on productivity demands and guarantees access to basic needs like meal and restroom breaks. This legislation is about honoring the hardworking people of Michigan, and beyond, who keep our communities and businesses running every day.”

    “Injury and illness rates in warehouses remain unacceptably high. While progress has been made, far too many warehouse workers are still operating in conditions that are unsafe and unsustainable,” said Congressman Mike Lawler (R-NY). “It’s time to bring greater transparency, accountability, and basic protections to the job site. I’ll continue working across the aisle on policies like the Warehouse Worker Protection Act to ensure our economy works for both employers and the hardworking Americans who keep it running.”

    “Workers deserve to clock in knowing they will return home safe and healthy at the end of their shift. The Warehouse Worker Protection Act would protect the basic health and dignity of workers from corporate bosses who time and again have prioritized unfettered greed and profit over their own people,” said Senator Markey. “I am proudly in solidarity with nearly two million warehouse workers nationwide in the fight to ensure that their rights, safety, and dignity are protected.”

    “Amazon and other abusive warehouse employers are squeezing their workers for every penny of profit, leaving behind tired and broken bodies,” said Teamsters General President Sean M. O’Brien. “These corporate criminals are destroying good jobs in an industry that once supported a strong middle class. But one thing stands in their way—that’s the Teamsters Union, along with a bipartisan coalition of lawmakers who understand what’s at stake. It’s time to pass the Warehouse Worker Protection Act and put workers’ safety over corporate profits.”

    The Department of Labor’s Office of Inspector General audit found that injury and illness rates in warehouses are consistently high. The report found that in 2021, the injury and illness rate was 5.5 per 100 employees for warehouses, which is more than double the rate across all industries. A recent study also found that more than half of employees at Amazon and Walmart, two of America’s largest private companies, report that their production rate makes it hard for them to use the bathroom at least some of the time.

    The Warehouse Worker Protection Act is endorsed by the International Brotherhood of Teamsters, the National Employment Law Project, the Athena Coalition, and Oxfam.

    Bill text of the Warehouse Worker Protection Act can be found here. More information on the legislation can be found below:

    Enforcement

    The bill will establish a Fairness and Transparency Board within the Department of Labor to share resources and responsibilities through OSHA and Wage and Hour. It will be comprised of union and employer representatives, health experts, civil rights experts, workplace technology experts, and worker protection experts and will be charged with enforcing the guidance and rules laid out within the legislation.

    Requirements with Respect to Warehouse Quotas

    All workers hired will be given a written description of the following:

    • Each quota the worker is subject to, any disciplinary action that could result from failure to meet each quota, how performance targets for each quota are calculated, the existence of any incentive or bonus program associated with each quota and how the quota is monitored. 
    • Each employer will have to provide updates to these quota systems to each worker no later than 2 days after any change is made.
    • Require workers be notified when employers take an adverse action against them for failing to meet any quota.
    • Employers will have to provide a training and written description for how workers can file a complaint when quota rules are violated.
    • An employer would not be able to take adverse action against a worker for violating any of the prohibited quotas listed above or for the completion of work based solely on the ranking and comparison with other workers. 
    • Employers will be required to maintain work speed records for all workers, written description of all quotas and make them available to workers and the DOL upon request. Workers may request certain pieces of work data up to 3 years after employment has been ended.

    Prohibited Quotas

    Employers will not be able to establish quotas that would:

    • Prevent a worker from complying with any meal or rest period.
    • Prevent a worker from complying with any health or safety provision required by law.
    • Prevent a worker from the use of bathroom facilities, including responsible time to travel to and from said facility. 
    • Set a performance target that measures the output for a worker that is shorter than one workday.
    • Include time for paid or unpaid breaks.
    • Prevent a worker from exercising any right already guaranteed by a collectively bargained agreement.

    First Aid Standard

    • OSHA will be charged with establishing a proposed rule requiring all employers have trained individuals on site ready to administer first aid to workers to reduce delays in medical treatment for workers following injuries.

    ###

     

    MIL OSI USA News –

  • MIL-OSI USA: Senators Budd, Scott, Colleagues Introduce Bill to Stop Federal Government Overreach in Small Business Lending

    US Senate News:

    Source: United States Senator Ted Budd (R-North Carolina)

    Washington, D.C. — U.S. Senator Ted Budd (R-N.C.) joined Senator Tim Scott (R-S.C.) in reintroducing the Protecting Access to Credit for Small Businesses Act to protect community banks and credit unions from competing with the federal government. The bill does so by prohibiting a Biden-era rule that allows the Small Business Administration (SBA) to facilitate direct government lending.  

    “Time and again, the federal government has shown it is neither efficient nor effective when it comes to delivering direct loan support to small businesses. Community banks and credit unions, not Washington bureaucrats, understand the needs of the businesses they serve. It’s time we stop sidelining them. I am proud to join Senator Scott and my colleagues to put power back in the hands of local institutions that invest in our communities, rather than forcing them to compete with the federal government,”said Senator Budd.

    “The SBA has a poor track record as a direct lender, especially compared to local banks that know the communities they serve. Allowing the SBA to directly offer loans is not just another example of government overreach, it would also hurt Main Street by creating unnecessary competition with community banks and credit unions. The private sector has a much stronger record of managing loans effectively, and the last thing we need is big government disrupting a system that local businesses rely on,” said Senator Scott.

    Senators John Barrasso (R-Wyo.), Kevin Cramer (R-N.D.), Mike Crapo (R-Idaho), Steve Daines (R-Mont.), Cindy Hyde-Smith (R-Miss.), James Risch (R-Idaho), and Rick Scott (R-Fla.) also co-sponsored the legislation.

    The bill has received support from the American Bankers Association, America’s Credit Unions, Bank Policy Institute, Carolinas Credit Union League, Consumer Bankers Association, Independent Community Bankers of America, and South Carolina Bankers Association.

    Read the full bill text HERE.

    BACKGROUND 

    • President Biden’s fiscal year 2025 budget included a proposal that allows the SBA to directly make loans under the 7(a) lending program.
    • The SBA has a history of performing poorly in lending programs compared to the private sector.
      • According to the SBA Office of Inspector’s 2023 report, the government-led COVID-19 Economic Injury Disaster Loan (EIDL) program had $136 billion in potential fraud (33 percent of total funds disbursed). In contrast, the private-sector-led Paycheck Protection Program (PPP) had $64 billion (8 percent of funds disbursed).

    MIL OSI USA News –

  • MIL-OSI USA: Kennedy, Risch introduce bill to protect small firearm businesses from discrimination

    US Senate News:

    Source: United States Senator John Kennedy (Louisiana)

    WASHINGTON – Sen. John Kennedy (R-La.) joined Sen. Jim Risch (R-Idaho) and 16 colleagues in introducing the Equal Shot Act, which would prohibit the Small Business Administration (SBA) from discriminating against lawful firearm-related businesses.

    “Big Government officials in Washington should never be able to punish small business owners just because they support the Second Amendment. The Equal Shot Act would protect Louisiana’s firearm businesses from out-of-control bureaucrats trying to pick winners and losers based on politics,” said Kennedy.

    “The Equal Shot Act defends the Second Amendment rights of Idaho’s small business firearm industry and ensures these law-abiding Americans have fair access to resources that will help them thrive,” said Risch.

    The Equal Shot Act ensures that firearm-related businesses are treated the same as any other eligible small business when applying for SBA programs without political or ideological bias. 

    • The bill responds to reports that the SBA, under the Biden administration, used internal policies to deny financial support to lawful firearm-related businesses that help Americans exercise their Second Amendment rights.
    • The bill reinforces that federal agencies must remain neutral and may not withhold access to assistance programs from law-abiding businesses based on their industry.

    Rep. Roger Williams (R-Texas), chairman of the House Committee on Small Business, introduced companion legislation in the U.S. House of Representatives.

    “The Equal Shot Act ensures every eligible small business is treated fairly and without political bias. Under the Biden Administration, firearm-related businesses were targeted and singled out by federal agencies and financial institutions simply because of what they represent. These law-abiding job creators should not be punished for supporting the Second Amendment. I want to thank Senator Risch for his support on this important legislation. Every business on Main Street deserves the same opportunity to succeed,” said Williams.

    Sens. Mike Crapo (R-Idaho), Marsha Blackburn (R-Tenn.), Ted Budd (R-N.C.), Shelley Moore Capito (R-W.Va.), Bill Cassidy (R-La.), Steve Daines (R-Mont.), Deb Fischer (R-Neb.), Lindsey Graham (R-S.C.), Cindy Hyde-Smith (R-Miss.), Jim Justice (R-W.Va.), James Lankford (R-Okla.), Mike Lee (R-Utah), Cynthia Lummis (R-Wyo.), Tim Scott (R-S.C.), Tim Sheehy (R-Mont.) and Tommy Tuberville (R-Ala.) also cosponsored the bill.

    Full text of the bill is available here.

    MIL OSI USA News –

  • MIL-OSI United Kingdom: British steelmakers regain access to EU market

    Source: United Kingdom – Executive Government & Departments

    Press release

    British steelmakers regain access to EU market

    British steelmakers regain access to EU market

    • UK steel producers to regain tariff-free access to the EU market for key steel products from today [1 August].
    • Cuts costs and gives UK steel producers more certainty when exporting to the EU — one of our largest trading partners.
    • Delivers on a UK-EU Summit commitment and reinforces the Government’s Plan for Change to rebuild Britain’s industrial strength.

    British steelmakers stand to make millions extra a year as the EU gets rid of its steel tariffs today [Friday 1 August] – a direct win from the Prime Minister’s EU deal signed back in May.

    This means UK steelmakers will be able to export more steel used for large building projects – like support beams – to the EU tariff-free, supporting the UK’s wider economic growth ambitions and helping deliver on the Plan for Change.

    This follows the decision to take control of British Steel following years of mismanagement – a decision which saved thousands of jobs and secured Britain’s place as a steelmaker. This builds on the significant support that this pro-steel Government has already delivered — from our £500 million investment in Tata’s green steel transition and our deal with the US to reduce tariffs on UK steel.

    The UK steel sector supports around 40,000 jobs across 1,145 firms, with a further 61,000 jobs in related industries that supply materials and services to steel producers. These changes will enable UK steelmakers to once again export goods worth several millions of pounds annually to the EU, strengthening vital revenue streams for UK businesses.

    Secretary of State for Business and Trade, Jonathan Reynolds said:

    This is yet another positive step forward for the UK steel sector and a clear example of our Plan for Change in action — removing barriers, supporting jobs, and backing British industry.

    Restoring our steel quota helps give producers the certainty they need to compete, grow, and maintain vital export relationships.

    This builds on the significant support that this pro-steel Government has already delivered — from our £500 million investment in Tata’s green steel transition, to action to safeguard jobs at British Steel in Scunthorpe, and our deal with the US to reduce tariffs on UK steel.

    The restored quota will re-establish historic trade flows between the UK and the EU, easing the administrative and financial burdens that have affected steel exporters. It will also provide much-needed certainty for UK steel operating in an increasingly volatile global market. Crucially, this change will help safeguard skilled jobs across the country and preserve long-standing supply chains with EU customers.

    The country-specific quota allows the UK to export a certain amount of steel to the EU without paying an extra tariff, helping maintain fair trade and avoid sudden surges in imports. We can now export up to 27,000 tonnes of steel to the EU each quarter — that’s roughly a football stadium’s worth of steel every year.

    This follows complex negotiations and demonstrates the UK Government’s ability to secure practical wins for domestic industry. It builds on a series of recent measures delivered under the Plan for Change, including a £500 million investment in greener steelmaking at Port Talbot, targeted action to reduce electricity costs and strengthen procurement rules. These steps have been complemented by enhanced trade defences designed to protect jobs and support long-term competitiveness in the sector.

    EU Relations Minister Nick Thomas-Symonds said:

    We have worked constructively with the EU to deliver in our national interest and achieved a bespoke agreement to help secure jobs in steel across Britain.

    Today’s news that the EU is slashing tariffs on British Steel shows our approach is working and is another win for UK PLC.

    Gareth Stace UK Steel said:

    The restoration of the country specific quota is excellent news for UK steel companies which have been plagued by problems shipping category 17 products into the European Union.

    The quota will restore historic trade flows and is good news for both UK steelmakers and their EU customers.

    British Steel Chief Commercial Officer (interim) Lisa Coulson said:

    The removal of EU tariffs on British-made steel is a significant boost to our business.

    The EU is an important market to us, particularly for the products our highly skilled colleagues manufacture in Scunthorpe, Teesside, and Skinningrove.

    We are delighted we will be able to provide the high-quality products our loyal and supportive EU customers require tariff-free and thank the UK Government for delivering this agreement.

    We now look to the future with even greater optimism as we focus on building stronger futures for our customers.

    This announcement reinforces the Government’s commitment to fair, open, and stable trade in key sectors — with steel being a clear example of strengthened UK-EU cooperation delivering results for British industry.

    Notes to editors:

    • The European Commission’s decision restores the UK’s Country Specific Quota (CSQ) for Category 17 steel products from 1 August 2025.
    • The UK steel industry employs thousands of people in key manufacturing regions and supports critical supply chains in construction, automotive, and defence.
    • The UK Government will publish a comprehensive Steel Strategy later this year to support long-term competitiveness and sustainability in the sector.

    Updates to this page

    Published 1 August 2025

    MIL OSI United Kingdom –

  • MIL-OSI USA News: Further Modifying the Reciprocal Tariff Rates

    Source: US Whitehouse

    class=”has-text-align-left”>By the authority vested in me as President by the Constitution and the laws of the United States of America, including the International Emergency Economic Powers Act (50 U.S.C. 1701 et seq.) (IEEPA), the National Emergencies Act (50 U.S.C. 1601 et seq.), section 604 of the Trade Act of 1974, as amended (19 U.S.C. 2483), and section 301 of title 3, United States Code, I hereby determine and order:

    Section 1.  Background.  In Executive Order 14257 of April 2, 2025 (Regulating Imports With a Reciprocal Tariff To Rectify Trade Practices That Contribute to Large and Persistent Annual United States Goods Trade Deficits), I found that conditions reflected in large and persistent annual U.S. goods trade deficits constitute an unusual and extraordinary threat to the national security and economy of the United States that has its source in whole or substantial part outside the United States.  I declared a national emergency with respect to that threat, and to deal with that threat, I imposed additional ad valorem duties that I deemed necessary and appropriate.  

    I have received additional information and recommendations from various senior officials on, among other things, the continued lack of reciprocity in our bilateral trade relationships and the impact of foreign trading partners’ disparate tariff rates and non-tariff barriers on U.S. exports, the domestic manufacturing base, critical supply chains, and the defense industrial base.  I also have received additional information and recommendations on foreign relations, economic, and national security matters, including the status of trade negotiations, efforts to retaliate against the United States for its actions to address the emergency declared in Executive Order 14257, and efforts to align with the United States on economic and national security matters.

    For example, some trading partners have agreed to, or are on the verge of agreeing to, meaningful trade and security commitments with the United States, thus signaling their sincere intentions to permanently remedy the trade barriers that have contributed to the national emergency declared in Executive Order 14257, and to align with the United States on economic and national security matters.  Other trading partners, despite having engaged in negotiations, have offered terms that, in my judgment, do not sufficiently address imbalances in our trading relationship or have failed to align sufficiently with the United States on economic and national-security matters.  There are also some trading partners that have failed to engage in negotiations with the United States or to take adequate steps to align sufficiently with the United States on economic and national security matters.

    After considering the information and recommendations that I have recently received, among other things, I have determined that it is necessary and appropriate to deal with the national emergency declared in Executive Order 14257 by imposing additional ad valorem duties on goods of certain trading partners at the rates set forth in Annex I to this order, subject to all applicable exceptions set forth in Executive Order 14257, as amended, in lieu of the additional ad valorem duties previously imposed on goods of such trading partners in Executive Order 14257, as amended.

    Sec. 2.  Tariff Modifications.  (a)  The Harmonized Tariff Schedule of the United States (HTSUS) shall be modified as provided in Annex II to this order.  These modifications shall be effective with respect to goods entered for consumption, or withdrawn from warehouse for consumption, on or after 12:01 a.m. eastern daylight time 7 days after the date of this order, except that goods loaded onto a vessel at the port of loading and in transit on the final mode of transit before 12:01 a.m. eastern daylight time 7 days after the date of this order, and entered for consumption, or withdrawn from warehouse for consumption, before 12:01 a.m. eastern daylight time on October 5, 2025, shall not be subject to such additional duty and shall instead remain subject to the additional ad valorem duties previously imposed in Executive Order 14257, as amended.

    (b)  Certain foreign trading partners identified in Annex I to this order have agreed to, or are on the verge of concluding, meaningful trade and security agreements with the United States.  Goods of those trading partners will remain subject to the additional ad valorem duties provided in Annex I to this order until such time as those agreements are concluded, and I issue subsequent orders memorializing the terms of those agreements.

    (c)  As provided in Annex I to this order, the additional ad valorem rate of duty applicable to any good of the European Union is determined by the good’s current ad valorem (or ad valorem equivalent) rate of duty under column 1 (General) of the HTSUS (“Column 1 Duty Rate”).  For a good of the European Union with a Column 1 Duty Rate that is less than 15 percent, the sum of its Column 1 Duty Rate and the additional ad valorem rate of duty pursuant to this order shall be 15 percent.  For a good of the European Union with a Column 1 Duty Rate that is at least 15 percent, the additional ad valorem rate of duty pursuant to this order shall be zero.

    (d)  Goods of any foreign trading partner that is not listed in Annex I to this order will be subject to an additional ad valorem rate of duty of 10 percent pursuant to the terms of Executive Order 14257, as amended, unless otherwise expressly provided.  This rate shall be effective with respect to goods entered for consumption, or withdrawn from warehouse for consumption, on or after 12:01 a.m. eastern daylight time 7 days after the date of this order.

    (e)  The HTSUS shall also be modified by continuing to suspend headings 9903.01.43 through 9903.01.62 and 9903.01.64 through 9903.01.76, and subdivisions (v)(xiii)(1)–(9) and (11)‑(57) of U.S. note 2 to subchapter III of chapter 99 of the HTSUS, until the effective date of the modifications provided in Annex II to this order.  Upon the effective date of the modifications provided in Annex II to this order, to facilitate implementation of the rates of duty provided in Annex I to this order, headings 9903.01.43 through 9903.01.62 and 9903.01.64 through 9903.01.76, which are organized by rate of duty, and subdivisions (v)(xiii) (1)-(9) and (11)-(57) of U.S. note 2 to subchapter III of chapter 99 of the HTSUS shall be terminated as to future entries and replaced by the new trading partner-specific headings provided in Annex II to this order.

    (f)  Excluding the changes set forth in subsections (a) through (d) of this section, the terms of Executive Order 14257, as amended, shall continue to apply.

    (g)  Nothing in this order shall be construed to alter or otherwise affect Executive Order 14298 of May 12, 2025 (Modifying Reciprocal Tariff Rates To Reflect Discussions With the People’s Republic of China).

    (h)  The Secretary of Commerce and the United States Trade Representative, in consultation with the Secretary of Homeland Security, acting through the Commissioner of U.S. Customs and Border Protection (CBP), and the Chair of the United States International Trade Commission, shall determine whether any additional modifications to the HTSUS are necessary to effectuate this order and may make such modifications through notice in the Federal Register.

    Sec. 3.  Transshipment.  (a)  An article determined by CBP to have been transshipped to evade applicable duties under section 2 of this order shall be subject to (i) an additional ad valorem rate of duty of 40 percent, in lieu of the additional ad valorem rate of duty applicable under section 2 of this order to goods of the country of origin, (ii) any other applicable or appropriate fine or penalty, including those assessed under 19 U.S.C. 1592, and (iii) any other United States duties, fees, taxes, exactions, or charges applicable to goods of the country of origin.  CBP shall not allow, consistent with applicable law, for mitigation or remission of the penalties assessed on imports found to be transshipped to evade applicable duties.

    (b)  The Secretary of Commerce and the Secretary of Homeland Security, acting through the Commissioner of CBP, in consultation with the United States Trade Representative, shall publish every 6 months a list of countries and specific facilities used in circumvention schemes, to inform public procurement, national security reviews, and commercial due diligence.

    Sec. 4.  Implementation.  The Secretary of Commerce, the Secretary of Homeland Security, and the United States Trade Representative, as applicable, in consultation with the Secretary of State, the Secretary of the Treasury, the Assistant to the President for Economic Policy, the Assistant to the President and Senior Counselor for Trade and Manufacturing, the Assistant to the President for National Security Affairs, and the Chair of the International Trade Commission, are directed and authorized to take all necessary actions to implement and effectuate this order, consistent with applicable law, including through temporary suspension or amendment of regulations or notices in the Federal Register and by adopting rules, regulations, or guidance, and to employ all powers granted to the President by IEEPA, as may be necessary to implement this order.  Each executive department and agency shall take all appropriate measures within its authority to implement this order.

    Sec. 5.  Monitoring and Recommendations.  (a)  The Secretary of Commerce and the United States Trade Representative shall monitor the circumstances involving the emergency declared in Executive Order 14257 and shall regularly consult on such circumstances with any senior official they deem appropriate.  The Secretary of Commerce and the United States Trade Representative shall inform me of any circumstance that, in their opinion, might indicate the need for further action by the President.  The Secretary of Commerce and the United States Trade Representative shall also inform me of any circumstance that, in their opinion, might indicate that a foreign trading partner has taken adequate steps to address the emergency declared in Executive Order 14257.

    (b)  The Secretary of Commerce and the United States Trade Representative, in consultation with any senior official they deem appropriate, shall recommend to me any necessary additional action if this action is not effective in resolving the emergency declared in Executive Order 14257.

    (c)  The Secretary of Commerce and the United States Trade Representative, in coordination with the appropriate senior officials, shall recommend additional action, if necessary, should a foreign trading partner fail to take adequate steps to address the emergency declared in Executive Order 14257 or should a foreign trading partner retaliate against the United States in response to the actions taken to address the emergency declared in Executive Order 14257 or any subsequent order issued to address that emergency.

    Sec. 6.  Severability.  If any provision of this order, or the application of any provision of this order to any individual or circumstance, is held to be invalid, the remainder of this order and the application of its provisions to any other individuals or circumstances shall not be affected.

    Sec. 7.  General Provisions.  (a)  Nothing in this order shall be construed to impair or otherwise affect:

    (i)   the authority granted by law to an executive department or agency, or the head thereof; or

    (ii)  the functions of the Director of the Office of Management and Budget relating to budgetary, administrative, or legislative proposals.

    (b)  This order shall be implemented consistent with applicable law and subject to the availability of appropriations.

    (c)  This order is not intended to, and does not, create any right or benefit, substantive or procedural, enforceable at law or in equity by any party against the United States, its departments, agencies, or entities, its officers, employees, or agents, or any other person.

    (d)  The costs for publication of this order shall be borne by the Office of the United States Trade Representative.

                                 DONALD J. TRUMP

    THE WHITE HOUSE,

        July 31, 2025.

    ANNEX I

    Countries and Territories Reciprocal Tariff, Adjusted
    Afghanistan 15%
    Algeria 30%
    Angola 15%
    Bangladesh 20%
    Bolivia 15%
    Bosnia and Herzegovina 30%
    Botswana 15%
    Brazil 10%
    Brunei 25%
    Cambodia 19%
    Cameroon 15%
    Chad 15%
    Costa Rica 15%
    Côte d`Ivoire 15%
    Democratic Republic of the Congo 15%
    Ecuador 15%
    Equatorial Guinea 15%
    European Union: Goods with Column 1 Duty Rate[1] > 15% 0%
    European Union: Goods with Column 1 Duty Rate < 15% 15% minus Column 1 Duty Rate
    Falkland Islands 10%
    Fiji 15%
    Ghana 15%
    Guyana 15%
    Iceland 15%
    India 25%
    Indonesia 19%
    Iraq 35%
    Israel 15%
    Japan 15%
    Jordan 15%
    Kazakhstan 25%
    Laos 40%
    Lesotho 15%
    Libya 30%
    Liechtenstein 15%
    Madagascar 15%
    Malawi 15%
    Malaysia 19%
    Mauritius 15%
    Moldova 25%
    Mozambique 15%
    Myanmar (Burma) 40%
    Namibia 15%
    Nauru 15%
    New Zealand 15%
    Nicaragua 18%
    Nigeria 15%
    North Macedonia 15%
    Norway 15%
    Pakistan 19%
    Papua New Guinea 15%
    Philippines 19%
    Serbia 35%
    South Africa 30%
    South Korea 15%
    Sri Lanka 20%
    Switzerland 39%
    Syria 41%
    Taiwan 20%
    Thailand 19%
    Trinidad and Tobago 15%
    Tunisia 25%
    Turkey 15%
    Uganda 15%
    United Kingdom 10%
    Vanuatu 15%
    Venezuela 15%
    Vietnam 20%
    Zambia 15%
    Zimbabwe 15%

    [1] For purposes of this Executive Order and its Annexes, “Column 1 Duty Rate” means the ad valorem (or ad valorem equivalent) rate of duty under column 1-General of the Harmonized Tariff Schedule of the United States (HTSUS).

    ANNEX II

    1. Effective with respect to goods entered for consumption, or withdrawn from warehouse for consumption, on or after 12:01 a.m. eastern daylight time 7 days after the date of the executive order, excluding the day the executive order is signed, subchapter III of chapter 99 of the Harmonized Tariff Schedule of the United States (HTSUS) is modified as follows:
      • Heading 9903.01.25 of the HTSUS shall be amended by deleting the article description and by inserting “Articles the product of any country, except for products described in headings 9903.01.26–9903.01.33, 9903.02.02–9903.02.71, and 9903.96.01, and except as provided for in headings 9903.01.34 and 9903.02.01, as provided for in subdivision (v) of U.S. note 2 to this subchapter . . . . . . .” in lieu thereof; and
      • Headings 9903.01.43–9903.01.62 and 9903.01.64–9903.01.76 and corresponding subdivisions (v)(xiii)(1)–(9) and (11)–(57) of U.S. note 2 to subchapter III of chapter 99 of the HTSUS are hereby terminated as to any future entries.
      • Subdivision (v) of U.S. note 2 to subchapter III of chapter 99 of the HTSUS shall be amended by:
        • Deleting “and 9903.01.43–9903.01.76” each place that it appears and inserting “9903.01.63, and 9903.02.01–9903.02.71” in lieu thereof;
        • Inserting the following new subdivision in numerical sequence at the end of subdivision (v) of U.S. note 2:

    “As provided in headings 9903.02.19 and 9903.02.20, for any good of the European Union subject to a specific or compound rate of duty under column 1-General, the ad valorem equivalent rate of duty of such good shall be determined by dividing the amount of duty payable under column 1-General by the customs value of the good.  For example, if a good were subject to a specific duty of 50 cents per kilogram, and one kilogram of the good were entered with a customs value of $10, then the ad valorem equivalent rate of duty would be obtained by dividing 50 cents by $10, yielding 5 percent.”

    • The following new headings shall be inserted in numerical sequence, with the material in the new heading inserted in the columns of the HTSUS labeled “Heading/Subheading”, “Article Description”, “Rates of Duty 1-General”, “Rates of Duty 1-Special”, and “Rates of Duty 2”, respectively:

    Click here to view Annex II

    MIL OSI USA News –

  • MIL-OSI USA: 07.31.2025 Sens. Cruz, Cantwell Introduce Bill to Modernize Weather Radio Emergency Alerts

    US Senate News:

    Source: United States Senator for Texas Ted Cruz

    WASHINGTON, D.C. – U.S. Senate Commerce Committee Chairman Ted Cruz (R-Texas) and Ranking Member Maria Cantwell (D-Wash.) reintroduced the NOAA Weather Radio Modernization Act, which would modernize weather radio equipment to enhance the reliability of emergency communications during severe weather and bolster the nationwide accessibility of critical warnings.
    The legislation expands coverage for areas with poor or no cellular service, amplifies non-weather emergency messages, and provides additional transmitters for areas with weak or nonexistent cell service and broadband coverage. Additionally, the NOAA Weather Radio Modernization Act directs the National Institute of Standards and Technology (NIST) to develop standards for flash flood emergency alert systems within the 100-year floodplain. This will enhance emergency preparedness for communities without mobile broadband access, state and local emergency warning systems, or satellite coverage.
    Sen. Cruz said, “The flooding in Central Texas has been absolutely heartbreaking, and we continue to lift up all those affected in prayer. Texans are strong and resourceful, but when disaster is about to strike, there has to be multiple, reliable ways to notify those who are in harm’s way. While the Hill Country flood investigation continues, we do know that some people did not receive the warnings because of a lack of cell phone coverage. I am grateful to join Ranking Member Cantwell in introducing this legislation to modernize early warning systems and ensure that every American, especially those in areas with poor or no cellular service, aren’t kept in the dark when it matters the most. This legislation is about protecting our communities and saving lives, and I urge Congress to pass it quickly.”
    Sen. Cantwell said, “NOAA Weather Radio is our nation’s weather infrastructure that broadcasts 24/7 to keep people informed with immediate, reliable weather information, including timely weather alerts. This bill helps to upgrade the system with the best technology and communications systems, replacing copper with fiber to reach more people, especially in rural areas. It also directs NIST to develop standards for better warning technology and makes sure NOAA keeps its weather scientist and forecast jobs fully staffed.”
    The NOAA Weather Radio Act is cosponsored by Sens. Dan Sullivan (R-Alaska), Brian Schatz (D-Hawaii), Jerry Moran (R–Kan.), and Gary Peters (D-Mich.).
    Sen. Schatz said, “The Weather Radio Network’s ability to broadcast emergency warnings across remote areas, even when power or cell networks fail, is essential to protecting lives in Hawai‘i. This bill will help modernize the system so that communities in Hawai‘i and across the country have access to reliable, timely, and accurate emergency information.”
    Sen. Moran said, “Recent severe weather across the country is a grave reminder of the need for a modernized emergency weather alert system. This legislation would improve alert systems in rural parts of the country with limited access to mobile broadband service, emergency warning systems or satellite coverage. It incorporates part of my legislation, the FORECAST Act, to protect critical National Weather Service employees from federal hiring freezes. It is essential that weather forecasting offices in every corner of the nation remain staffed so Kansans and all Americans have access to accurate, life-saving, 24/7 forecasting coverage.” 
    Read the full text of the bill here.
    BACKGROUND
    The National Oceanic and Atmospheric Administration (NOAA) maintains a network of over 750 NOAA Weather Radio (NWR) stations, which includes more than 1000 transmitters covering all 50 states and the U.S. territories. NWR broadcasts weather information, including emergency weather alerts and local hazard information from the nearest National Weather Service office, playing a critical role in protecting lives and property. Local news stations often urge citizens to incorporate NWR as part of their emergency preparedness plan during severe weather.
    When disaster strikes, every second counts. Although the public often relies on cell phones, computers, and cable service to receive hazard warnings and communication, radio is often the primary source of information in rural and remote regions of the country where cell and internet service are lacking. Americans can buy NOAA Weather Radios for as little as $10. Even in urban areas with cell coverage, power outages triggered by severe weather events, such as a thunderstorm or a tornado, can disrupt cell and internet communications, making radio one of the few reliable options.
    Sens. Cantwell and Cruz previously introduced this bill in May 2023, and it advanced out of the Senate in December 2023.

    MIL OSI USA News –

  • MIL-OSI USA: Trump’s Tariffs are Raising Prices on Hardworking Americans

    Source: United States House of Representatives – Congresswoman Suzan DelBene (1st District of Washington)

    Today, Congresswoman Suzan DelBene (WA-01) released the following statement on President Trump’s global tariffs, which are set to take effect on August 1.

    “Americans have made it crystal clear that lowering prices is their top concern. President Trump and Congressional Republicans continue to break their promise to address the affordability crisis in our country and instead are focused on giving massive handouts to billionaires that are paid for by families who work hard every day.

    “Regardless of how many of Trump’s tariffs go into effect tomorrow, the on-again, off-again whiplash makes it harder for small businesses to manufacture and sell products and for families to afford necessities like groceries, prescription drugs, and energy bills.  Businesses cannot grow this way and families cannot get ahead. Every day, Republicans’ continued silence is costing their constituents.”

    MIL OSI USA News –

  • MIL-OSI China: China seeks to deepen dialogue, consultations with US

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

    China looks forward to deepening dialogue and consultations with the United States to seek more mutually beneficial outcomes, Ministry of Commerce spokesperson He Yadong said on Thursday.

    The spokesperson made the remarks while responding to a media question about the recent China-U.S. trade talks held in Stockholm, Sweden.

    The two sides held candid, in-depth and constructive exchanges on China-U.S. economic and trade relations, macroeconomic policies, and other topics of mutual concern. Both sides reviewed and acknowledged the consensus reached in Geneva and implementation of the framework established in London, the spokesperson said.

    Based on the consensus reached during the Stockholm talks, both sides will continue to push for extending the suspension of 24 percent of the U.S. reciprocal tariffs, along with China’s corresponding countermeasures, for an additional 90 days, he said.

    The consensus is expected to help further stabilize China-U.S. economic and trade relations and inject more certainty into global economic development and stability, he said.

    China looks forward to working with the United States in accordance with the important consensus reached by the two heads of state to maximize the effectiveness of the bilateral economic and trade consultation mechanism, the spokesperson added.

    MIL OSI China News –

  • MIL-OSI: The Ether Machine Marks Ethereum’s 10th Birthday with Major ETH Treasury Purchase

    Source: GlobeNewswire (MIL-OSI)

    New York, NY, July 31, 2025 (GLOBE NEWSWIRE) — The Ether Machine, the ether generation company, announced yesterday that The Ether Reserve LLC has purchased nearly 15,000 ETH at $3,809.97 USD for a total of $56,900,000.01 USD as part of The Ether Machine’s long-term accumulation strategy. This brings total ETH purchased and committed to 334,757 with up to $407,000,000 of USD remaining for additional ETH purchases.

    Timed to coincide with Ethereum’s 10-year anniversary, the purchase marks the beginning of The Ether Machine’s treasury deployment, and reflects a deep conviction in ETH as the most important asset of the decentralized internet and its mission to build a long-term, institutional-grade ETH treasury.

    “We couldn’t imagine a better way to commemorate Ethereum’s 10th birthday than by deepening our commitment to ether,” said Andrew Keys, Chairman and Co-Founder of The Ether Machine. “We are just getting started. Our mandate is to accumulate, compound, and support ETH for the long term – not just as a financial asset, but as the backbone of a new internet economy.”

    The purchase was made by The Ether Reserve LLC from part of the $97 million in cash proceeds from its previously announced private placement. The Ether Reserve LLC will purchase additional ether from the remaining proceeds in the coming days, which will be announced separately.

    In parallel with the accumulation announcement, Keys also made a personal donation of $100,000 to the Protocol Guild, a community-led funding initiative supporting Ethereum’s core protocol contributors. The Protocol Guild is widely recognized as one of the most effective models for open-source sustainability in Web3, having distributed millions of dollars to over 150 long-term researchers, developers, and maintainers responsible for Ethereum’s base layer.

    “Ethereum would not exist without the tireless work of its core developers,” said Keys. “This donation is a token of thanks to the stewards of the protocol, and a celebration of everything Ethereum has made possible over the past decade. Happy 10th birthday, Ethereum.”

    ——————

    About The Ether Machine

    Formed through a business combination (to be completed) between The Ether Reserve LLC and Dynamix Corporation, a NASDAQ-listed special purpose acquisition company (the “Business Combination”), pursuant to a definitive business combination agreement (the “Business Combination Agreement”), The Ether Machine is an Ethereum yield and infrastructure company purpose-built for institutional management and scale. Expected to be anchored by one of the largest on-chain ETH positions of any public entity, The Ether Machine will actively generate and optimize ETH-denominated returns through staking, restaking, and secure, professionally risk-managed DeFi participation. The Ether Machine also expects to provide turnkey infrastructure solutions for enterprises, DAOs, and Ethereum-native builders seeking access to Ethereum’s consensus and blockspace economy. To learn more, please visit www.ethermachine.com.

    About Protocol Guild

    Protocol Guild is a community-led funding mechanism that supports the long-term contributors maintaining Ethereum’s core protocol. Through an eligibility framework, member registry, and onchain contracts, the Guild allocates funding transparently and over time to those advancing Ethereum’s layer 1. It operates independently of governance decisions and helps ensure the protocol’s most critical work is sustainably supported as a public good. To learn, please visit www.protocolguild.org.

    About Dynamix Corporation

    Dynamix Corporation (“DYNX”) is a special purpose acquisition company incorporated under the laws of Cayman Islands for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. DYNX is led by the following seasoned investors and industry executives: Andrea “Andrejka” Bernatova, Chief Executive Officer and Chairman, Nader Daylami, Chief Financial Officer, Philip Rajan, Vice President of M&A and Strategy and board members, Lynn A. Peterson, Diaco Aviki and Tyler Crabtree. Additionally, Ralph Alexander, Joe Gatto, Peter Gross, Jimmy Henderson, Tommy Stone, and Steve Webster served as Advisors to DYNX. DYNX maintains a corporate website at https://dynamix-corp.com.

    Media Contact:
    press@ethermachine.com

    Additional Information and Where to Find It

    DYNX and The Ether Machine, Inc. (“Pubco”) intend to file with the Securities and Exchange Commission (the “SEC”) a Registration Statement on Form S-4 (the “Registration Statement”), which will include a preliminary proxy statement of DYNX and a prospectus of Pubco (the “Proxy Statement/Prospectus”) in connection with the Business Combination and the other transactions contemplated by the Business Combination Agreement and/or described in this communication (together with the Business Combination and the private placement investments, the “Proposed Transactions”). The definitive proxy statement and other relevant documents will be mailed to shareholders of DYNX as of a record date to be established for voting on the Business Combination and other matters as described in the Proxy Statement/Prospectus. DYNX and/or Pubco will also file other documents regarding the Proposed Transactions with the SEC. This communication does not contain all of the information that should be considered concerning the Proposed Transactions and is not intended to form the basis of any investment decision or any other decision in respect of the Proposed Transactions. BEFORE MAKING ANY VOTING OR INVESTMENT DECISION, SHAREHOLDERS OF DYNX AND OTHER INTERESTED PARTIES ARE URGED TO READ, WHEN AVAILABLE, THE PRELIMINARY PROXY STATEMENT/PROSPECTUS, AND AMENDMENTS THERETO, AND THE DEFINITIVE PROXY STATEMENT/PROSPECTUS AND ALL OTHER RELEVANT DOCUMENTS FILED OR THAT WILL BE FILED WITH THE SEC IN CONNECTION WITH DYNX’S SOLICITATION OF PROXIES FOR THE EXTRAORDINARY GENERAL MEETING OF ITS SHAREHOLDERS TO BE HELD TO APPROVE THE PROPOSED TRANSACTIONS AND OTHER MATTERS AS DESCRIBED IN THE PROXY STATEMENT/PROSPECTUS BECAUSE THESE DOCUMENTS WILL CONTAIN IMPORTANT INFORMATION ABOUT DYNX, THE COMPANY, PUBCO AND THE PROPOSED TRANSACTIONS. Investors and security holders will also be able to obtain copies of the Registration Statement and the Proxy Statement/Prospectus and all other documents filed or that will be filed with the SEC by DYNX and Pubco, without charge, once available, on the SEC’s website at www.sec.gov or by directing a request to: Dynamix Corp, 1980 Post Oak Blvd., Suite 100, PMB 6373, Houston, TX 77056; e-mail: info@regen.io, or to: The Ether Machine, Inc., 2093 Philadelphia Pike #2640, Claymont, DE 19703, e-mail: dm@etherreserve.com.

    NEITHER THE SEC NOR ANY STATE SECURITIES REGULATORY AGENCY HAS APPROVED OR DISAPPROVED THE PROPOSED TRANSACTIONS DESCRIBED HEREIN, PASSED UPON THE MERITS OR FAIRNESS OF THE BUSINESS COMBINATION OR ANY RELATED TRANSACTIONS OR PASSED UPON THE ADEQUACY OR ACCURACY OF THE DISCLOSURE IN THIS COMMUNICATION. ANY REPRESENTATION TO THE CONTRARY CONSTITUTES A CRIMINAL OFFENSE.

    The Pubco Class A Stock to be issued by Pubco and the class A units issued and to be issued by The Ether Reserve LLC (the “Company”), in each case, in connection with the Proposed Transactions, have not been registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act.

    Participants in the Solicitation

    DYNX, Pubco, the Company and their respective directors and executive officers may be deemed under SEC rules to be participants in the solicitation of proxies from DYNX’s shareholders in connection with the Business Combination. A list of the names of such directors and executive officers, and information regarding their interests in the Business Combination and their ownership of DYNX’s securities are, or will be, contained in DYNX’s filings with the SEC. Additional information regarding the interests of the persons who may, under SEC rules, be deemed participants in the solicitation of proxies of DYNX’s shareholders in connection with the Business Combination, including the names and interests of the Company and Pubco’s directors and executive officers, will be set forth in the Proxy Statement/Prospectus, which is expected to be filed by DYNX and Pubco with the SEC. Investors and security holders may obtain free copies of these documents as described above.

    No Offer or Solicitation

    This communication is for informational purposes only and is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the Proposed Transactions and shall not constitute an offer to sell or exchange, or a solicitation of an offer to buy or exchange the securities of DYNX, the Company or Pubco, or any commodity or instrument or related derivative, nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation, sale or exchange would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act or an exemption therefrom. Investors should consult with their counsel as to the applicable requirements for a purchaser to avail itself of any exemption under the Securities Act.

    Forward-Looking Statements

    This communication contains certain forward-looking statements within the meaning of the U.S. federal securities laws with respect to the Proposed Transactions and the parties thereto, including expectations, hopes, beliefs, intentions, plans, prospects, results or strategies regarding Pubco, the Company, DYNX and the Proposed Transactions and statements regarding the anticipated benefits and timing of completion of the Proposed Transactions, business plans and investment strategies of Pubco, the Company and DYNX, expected use of the cash proceeds of the Proposed Transactions, the Company’s ability to stake and leverage capital markets and other staking operations and participation in restaking, the amount of capital expected to be received in the Proposed Transactions, the assets held by Pubco, Ether’s position as the most productive digital asset, plans to increase yield to investors, any expected growth or opportunities associated with Ether, Pubco’s listing on an applicable securities exchange and the timing of such listing, expectations of Ether to perform as a superior treasury asset, the upside potential and opportunity for investors resulting from any Proposed Transactions, any proposed transaction structures and offering terms and the Company’s and Pubco’s plans for Ether adoption, value creation, investor benefits and strategic advantages. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “potential,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions.

    These are subject to various risks and uncertainties, including regulatory review, Ethereum protocol developments, market dynamics, the risk that the Proposed Transactions may not be completed in a timely manner or at all, failure for any condition to closing of the Business Combination to be met, the risk that the Business Combination may not be completed by DYNX’s business combination deadline, the failure by the parties to satisfy the conditions to the consummation of the Business Combination, including the approval of DYNX’s shareholders, or the private placement investments, costs related to the Proposed Transactions and as a result of becoming a public company, failure to realize the anticipated benefits of the Proposed Transactions, the level of redemptions of DYNX’s public shareholders which may reduce the public float of, reduce the liquidity of the trading market of, and/or maintain the quotation, listing, or trading of the Class A shares of DYNX or the shares of Pubco Class A Stock, the lack of a third-party fairness opinion in determining whether or not to pursue the Business Combination, the failure of Pubco to obtain or maintain the listing of its securities any stock exchange on which Pubco Class A Stock will be listed after closing of the Business Combination, changes in business, market, financial, political and regulatory conditions, risks relating to Pubco’s anticipated operations and business, including the highly volatile nature of the price of Ether, the risk that Pubco’s stock price will be highly correlated to the price of Ether and the price of Ether may decrease between the signing of the definitive documents for the Proposed Transactions and the closing of the Proposed Transactions or at any time after the closing of the Proposed Transactions, risks related to increased competition in the industries in which Pubco will operate, risks relating to significant legal, commercial, regulatory and technical uncertainty regarding Ether, risks relating to the treatment of crypto assets for U.S. and foreign tax purposes, challenges in implementing its business plan including Ether-related financial and advisory services, due to operational challenges, significant competition and regulation, being considered to be a “shell company” by any stock exchange on which the Pubco Class A Stock will be listed or by the SEC, which may impact the ability to list Pubco’s Class A Stock and restrict reliance on certain rules or forms in connection with the offering, sale or resale of securities, the outcome of any potential legal proceedings that may be instituted against the Company, DYNX, Pubco or others following announcement of the Business Combination and those risk factors discussed in documents of the Company, Pubco, or DYNX filed, or to be filed, with the SEC. The foregoing list of risk factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of the final prospectus of DYNX dated as of November 20, 2024 and filed by DYNX with the SEC on November 21, 2024, DYNX’s Quarterly Reports on Form 10-Q, DYNX’s Annual Report on Form 10-K filed with the SEC on March 20, 2025 and the registration statement on Form S-4 and proxy statement/prospectus that will be filed by Pubco and DYNX, and other documents filed by DYNX and Pubco from time to time with the SEC, as well as the list of risk factors included herein. These filings do or will identify and address other important risks and uncertainties that could cause actual results to differ materially from those contained in the forward-looking statements. Additional risks and uncertainties not currently known or that are currently deemed immaterial may also cause actual results to differ materially from those expressed or implied by such forward-looking statements. Readers are cautioned not to put undue reliance on forward- looking statements, and none of the parties or any of their representatives assumes any obligation and do not intend to update or revise these forward-looking statements, each of which are made only as of the date of this communication.

    The MIL Network –

  • MIL-OSI Australia: Electricity industry on notice as more households invest in subsidised batteries and solar

    Source: Australian Ministers for Regional Development

    The ACCC is warning battery and solar suppliers and electricity retailers their sales practices must meet scrutiny as demand for home batteries and solar systems jumps due to subsidy schemes and the large savings that households on solar and battery plans are experiencing.

    The ACCC’s latest Electricity Inquiry Report examines emerging markets for new electricity services, particularly those supported by solar and battery systems, and compares the electricity bills of solar and battery customers with the bills of regular customers who draw only from the grid.

    The report found that the Australian Government’s Cheaper Home Batteries Program is making batteries more affordable and providing more households an opportunity to lower their electricity bills. To ensure that consumers receive the full benefit of the Program, the ACCC is warning that retailers and installers must act in the consumer’s interest.

    “As more Australian households switch to battery and solar plans, it’s important that the deals on offer are fair, accurate and easy to understand,” ACCC Commissioner Anna Brakey said.

    “The ACCC will be watching carefully and actively monitoring consumer complaints. We will hold solar and battery installers, retailers and suppliers accountable to ensure they comply with Australia’s consumer laws.”

    “Consumers looking to take advantage of the new subsidies for solar home batteries to lower their energy bills, should take their time and not feel pressured to rush in straight away,” Ms Brakey said.

    The report emphasises the complexity of investing in a solar and home battery system and the need for consumers to understand whether the benefits they receive outweigh the costs, particularly when choosing system sizes.

    The report supports calls for additional consumer protections to safeguard consumers purchasing systems and signing up to new energy services like virtual power plants. It also supports calls for an overarching consumer duty that requires energy companies to act in the interests of consumers.

    “We believe additional consumer protections are needed as more Australians participate in markets for new and emerging energy services,” Ms Brakey said.

    “We advise consumers to read the Australian Government’s Solar Consumer Guide, compare a number of quotes from different providers, and ask for personalised information from solar and battery sellers about the appropriate size for their system and the projected cost savings.”

    Solar and battery customers see biggest bill savings

    Australian households with rooftop solar and a home battery have electricity bills that are on average 40 per cent less than customers whose electricity comes entirely from the grid (regular users), the report found.

    The report presents new analysis of the 2023 to 2024 billing outcomes of customers that have adopted different renewable energy solutions and compares them to regular users.

    The median annual residential electricity bill for regular users, without rebates, in the National Electricity Market in 2023 to 2024 was $1,565. The median household with rooftop solar paid about 18 per cent less ($1,279 per year), while a household with solar and a home battery paid about 40 per cent less ($936).

    Residential customers who are connected to a virtual power plant, which is an energy sharing network of solar and batteries, paid about 63 per cent less ($580) than the median household.

    “Home solar and batteries continue to be a compelling option for Australians who can afford the upfront cost, with those who are connected to a virtual power plant saving up to almost $1000 off their annual bill,” ACCC Commissioner Anna Brakey said.

    Median bills paid by regular, solar, battery and virtual power plant customers, by region, quarter 3 of 2023 to quarter 3 of 2024.

    Government rebates bring down power bills by 21 per cent

    The report also shows that government rebates resulted in the median quarterly household power bill dropping by 21 per cent between the third quarter 2023 and third quarter 2024.

    Without rebates, the median quarterly bill would have instead risen by 4 per cent.

    “The sharpest decline across the National Electricity Market was in South East Queensland, where rebates exceeded the median bill amount,” Ms Brakey said.

    Background

    The National Electricity Market is comprised of South East Queensland, New South Wales (including the ACT), Victoria, Tasmania and South Australia. Western Australia and the Northern Territory are not connected to the National Electricity Market.

    To inform this report, we collected billing data from 8 retailers, which cover 97 per cent of residential customers and 90 per cent of small business customers in New South Wales, Victoria, South Australia and South East Queensland. We obtained additional data for customers on virtual power plant services, electric vehicle tariffs and behavioural demand response plans.

    In 2018, the Australian Government directed the ACCC to hold an inquiry into the prices, profits and margins in relation to the supply of electricity in the National Electricity Market (which covers NSW, Victoria, South East Queensland and South Australia). On 23 March 2025, the Australian Government announced a 12-month extension to the inquiry.

    This is the 13th time the ACCC has reported as part of this inquiry.

    The report is available on the ACCC’s website at Electricity market monitoring 2018-2025.

    The ACCC is required to report at least every 6 months. The next report is scheduled for December 2025.

    MIL OSI News –

  • MIL-OSI New Zealand: Export – ABB named ExportNZ ASB Exporter of the Year 2025 at ExportNZ ASB Hawke’s Bay Export Awards – Business Central

    Source: Business Central

    ABB has been named as Exporter of the Year at the 2025 ExportNZ ASB Hawke’s Bay Export Awards
    The supreme winner was crowned in Hawke’s Bay at the Toitoi Hawke’s Bay Arts and Event Centre at a sold-out gala dinner.
    MC Matt Chisholm opened the event – followed by a virtual address from Trade and Investment Minister Hon Todd McClay, in front of a sold-out crowd.
    The longstanding and highly successful awards are presented by ExportNZ in partnership with ASB to reward and recognise the region’s outstanding exporters.
    ASB Head of International Trade Mike Atkins, who presented the Exporter of the Year award, said the quality of entries this year underscored the spirit and purpose of the awards.
    “We uncovered a rock star in ABB while both Starboard Bio and Ovenden Seeds have potential to make a meaningful difference in the world.
    “At ASB, we are passionate about enabling exporters to scale up, be it through working capital funding or other advisory initiatives across clean tech, food & fibre, productivity, and sustainability.
    “Our partnership with ExportNZ in celebrating these awards continues our commitment to the region’s exporters.”
    ASB Exporter of the Year ABB Napier is a largely autonomous company specialising in power systems design in production, says the judges.
    “Originally VecTek in Onekawa, they have retained their engineering skills, and through a strong focus on innovation and quality produced a unique world leading UPS product. All these products are designed, built and tested to exceptional quality right here in Hawke’s Bay.
    “All the winners and finalists are truly exceptional, and we as judges felt spoilt for choice – congratulations to all involved”
    Winners and nominees alike across all categories were celebrated by judges and the audience.
    ExportNZ Hawke’s Bay Regional Manager Amanda Liddle said “It is outstanding to see another cohort of such amazing finalists and winners.
    “Going global is a tough business – more so than ever, but tonight’s exporters show the best of what our region has to offer.
    “Congratulations to ASB Exporter of the Year ABB, who also picked up the Ziwi Excellence in Innovation award, your products and clarity of vision were awe inspiring and the win is well deserved.
    “All of us at ExportNZ would also like to give our special congratulations to Stephen Jacobi, this year’s NZME Service to Export Award winner. Stephen’s tireless advocacy has unlocked many opportunities for New Zealand exporters and businesses the world over, and his tenure on the ExportNZ Advisory Board has been invaluable to the organisation.”
    Winners of each category will now go on to the final stage of the New Zealand Trade & Enterprise (NZTE) International Business Awards, held in Auckland on November 27 th for a night of national celebration and international recognition.
    The full list of winners:
    • 2025  ASB Exporter of the Year: ABB – ABB Napier designs and manufactures innovative solutions to make AI-driven data centres more affordable and energy efficient, addressing AI’s high-power demands. Operating in New Zealand for over 90 years, ABB has invested around $34 million in Napier since 2020 and employs 145 people locally, with plans to expand by up to 50 more as production grows.
    • T&G  Global Best Established Business Award: Starboard Bio – Starboard Bio produces and exports animal-derived pharmaceutical, nutraceutical, and functional food ingredients, supplying frozen raw materials and powdered ingredients for encapsulation to the EU and US markets. The company operates with a team passionate about their products, the New Zealand brand, and enhancing value within the NZ red meat industry.
    • ContainerCo  Best Emerging Business: Ovenden Seeds – Ovenden Seeds is a specialist seed multiplication company growing, processing, and exporting herb and vegetable seeds, particularly smaller, hard-to-handle varieties. Seeds are dried, cleaned, and packed at a custom facility near Waipawa. With farms in Hawke’s Bay and grower partners in Canterbury, Ovenden focuses on growth and exports to the UK, EU, and US
    • Judges’  Choice Award: Haumako – Haumako is the Tātau Tātau Trust’s commercial entity and develops and grows horticultural products for the export market. Tātau invests directly in horticulture to further diversify their economy, foster sustainable regional growth, and create valuable local jobs. By expanding the horticulture industry in Wairoa, Tātau encourages better use of Māori-owned land by sharing opportunities, learning, knowledge gained in their own orchards.
    • Ziwi  Excellence in Innovation Award: ABB
    • NZME  Service to Export Award: Stephen Jacobi
    • Napier  Port Unsung Heroes Award: Tamsyn Illston, Natural Pet Foods & Nick Elliot, ABB.
    Notes:
    ExportNZ Hawke’s Bay is overseen by Business Central, which represents around 3,500 organisations across the lower North Island. Business Central offers advice, learning, advocacy, and support to a wide range of organisations across Central New Zealand. Business Central is part of the BusinessNZ Network.

    MIL OSI New Zealand News –

  • MIL-OSI Australia: Protecting homeowners from dodgy builders and tradespeople

    Source: Australian Capital Territory Policing

    Consumer Affairs Victoria is continuing to crack down on dodgy builders and tradies to protect Victorians from getting ripped off.  

    Our latest legal action is against Austin Bongart, 27, of Ballan. Bongart traded as Aussie’s Concrete and Fencing Solutions when he allegedly committed building work-related offences between April 2022 and January 2024. 

    Consumer Affairs Victoria alleges he:  

    • accepted excessive deposits 
    • failed to provide the agreed services within a reasonable time  
    • entered into a major domestic building contract while unregistered, and 
    • failed to provide an information statement to a customer as required. 

    Bongart advertised his services online. He was investigated after consumers made complaints that Bongart had taken up-front payments from them – often for several thousand dollars – for fencing or concreting. They reported he never returned to start the work or only started minimal work and failed to finish the job. 

    Bongart is due to face the Melbourne Magistrates’ Court for a committal mention on 4 August 2025. 

    This prosecution – under the Australian Consumer Law and the Domestic Building Contracts Act 1995 – follows action we’ve taken for poor conduct on other residential renovations and builds: 

    • Unregistered builder Mark (Najy) Rayes was recently convicted and fined for taking more than $100,000 in payments from customers for services he did not provide. 
    • The director of a ‘tiny home’ kit business entered a plea of guilty last November to charges of accepting $1.3 million in payments from customers, without supplying any products. 

    Builders must be registered with the Building and Plumbing Commission to do building works valued at over $10,000.  

    Electricians and plumbers must also be licensed or registered while people doing plastering, painting, tiling or fencing do not need a registration.  

    Consumer Affairs Victoria advises Victorians looking to hire a tradie to: 

    • get more than one written quote 
    • ask friends and family for references 
    • research the business before going ahead.  

    Be wary of anyone pressuring you to sign up and hand over a large deposit. 

    Visit the Building and Plumbing Commission website to find a registered builder. 

    Learn more about planning a renovation or build.  

    MIL OSI News –

  • MIL-OSI USA News: From Coast to Coast, Americans Are Seeing the Benefits of President Trump’s Big Beautiful Bill

    Source: US Whitehouse

    Americans will see the benefits of President Donald J. Trump’s landmark One Big Beautiful Bill for years to come through historic tax relief, strengthened public programs, secure borders, military investments, and much more.

    Here is some of what is being written in local news outlets across the country:

    KCRG-TV (Cedar Rapids, IA): Small businesses say ‘no tax on tips’ a step in the right direction

    “Some business owners in eastern Iowa say new ‘no tax on tips’ provisions will help grow local businesses … It’s a relief some businesses say will make a huge difference with their employees.

    ‘More money in their pocket which will mean more money in the community,’ said Crystal Blin. Blin owns 319 social house, a bowling alley in Independence. She said small businesses can struggle to recruit employees against bigger companies, but no tax on tips means higher take home pay, which could help close the gap. …

    Some view no tax on tips as a reinvestment in their workers and a way to offer some stability. ‘In the service industry too, you’re always constantly worried about what that end of the year number is going to be, and now with this we kind of have some relief with that,’ said Cora Krueger. Krueger is the assistant general manager of Denali’s on the River … ‘The more money we can put in our employees pockets, that means that they can take those dollars and support our local community and surrounding communities,’ Blin said.”

    WENY-TV (Elmira, NY): Seniors Get a Boost: What to Know about the New Senior Tax Break Included in “One, Big, Beautiful Bill Act”

    “A new tax break is heading to seniors’ wallets. It comes in the form of a new deduction tucked into the ‘One, Big, Beautiful Bill Act,’ recently signed into law by President Donald Trump … Starting next year, the IRS is cutting many retirees a bit more slack. Under the new law, individuals age 65 and older can claim an additional $6,000 deduction—on top of the existing standard senior deduction. Married couples where both qualify? That’s a $12,000 tax break.”

    KSTP-TV (Saint Paul, MN): How the new US federal government $1,000 ‘baby bonus’ can help children

    “President Trump’s ‘big beautiful bill’ includes a new savings plan for children with a one-time deposit of $1,000 from the federal government for newborns … For new parents, it’s being called a ‘baby bonus.’ Every baby born this year, next year, and in 2027 will get the bonus, which parents can add to the account.”

    The Charlotte Observer (Charlotte, NC): How the “Big Beautiful Bill” boosts QSBS benefits for startup employees and founders

    “The new GOP budget legislation includes a massive win for startup employees and founders: dramatically expanded Qualified Small Business Stock (QSBS) benefits that could save qualifying investors from paying 28% capital gains taxes on millions of dollars in returns. The changes increase the maximum tax exclusion from $10 million to $15 million while allowing partial benefits after just three years instead of the current five-year minimum.”

    WCMH-TV (Columbus, OH): Anduril, the company behind Ohio’s new megaproject, favored in ‘Big Beautiful Bill’

    “As Anduril Industries ambitiously hopes to open its central Ohio-based drone and vehicular weapons manufacturing plant by July 2026, the defense systems manufacturer is already securing business. Trump’s new government spending bill allocates several billion dollars to border security and includes favorable policies for Anduril.”

    Anchorage Daily News (Anchorage, AK): Alaska has the chance to seize prosperity with the Big Beautiful Bill

    “These investments strengthen Alaska’s role in domestic energy production and in Arctic policy. At a time when global energy markets are uncertain and international competition is increasing, this legislation ensures Alaska is part of the solution. It’s also worth emphasizing that the bill doesn’t relax standards or bypass environmental oversight. It supports development within existing regulatory frameworks and honors Alaska’s history of balancing economic activity with environmental responsibility.”

    Fort Worth Star-Telegram (Forth Worth, TX): Trump signs ‘One Big Beautiful Bill’ into law. How much money will Texans save?

    “Right now, taxpayers can deduct up to $10,000 in state and local taxes from their federal income tax bill. The One, Big, Beautiful Bill Act raises that to $40,000 for 2025. The amount will go up 1% each year in 2026, 2027, 2028 and 2029. There are additional limitations for people earning more than $500,000 a year.”

    Startland News (Kansas City, MO): KC Tech Council celebrates tax fix in Trump’s ‘One Big Beautiful Bill’ that boosts growing businesses

    “A tax fix included in the recently signed ‘One Big Beautiful Bill’ — sprawling legislation meant to overhaul taxes in the United States — marks a major win for Kansas City’s tech and innovation economy, said Kara Lowe. At issue: a long-awaited change to Section 174 research and development expensing that now allows businesses to fully and permanently expense such investments, explained Lowe, CEO of KC Tech Council, which championed the fix alongside TECNA (Technology Councils of North America).”

    WCAU-TV (Philadelphia, PA): Trump’s ‘big beautiful bill’ locks in key tax breaks for homeowners—here’s what to know

    “President Donald Trump’s tax and spending bill revives and expands homeowner tax breaks — while making the current mortgage interest deduction cap permanent. The $750,000 limit on deductible mortgage debt ($375,000 for single filers) had been set to expire after 2025 and revert to the previous $1 million cap. Under the new law, that change is off the table.

    The bill also temporarily raises the SALT deduction cap from $10,000 to $40,000 per household for tax years 2025 through 2029, with a phaseout beginning at $500,000 of income in 2025. The deduction cap reverts to $10,000 in 2030. The change could be especially impactful for homeowners in high-tax states like New York, New Jersey and California, where deductible state and local taxes often exceed the previous $10,000 cap.”

    The Orange County Register (Irvine, CA): Big Beautiful bill delivers win for HSAs

    “Starting Jan. 1, 2026, Americans enrolled in Bronze or Catastrophic Affordable Care Act plans may contribute to HSAs — around 7.3 million people who previously lacked access in 2025. The bill also allows HSA funds to pay for direct primary care memberships — modernizing how Americans can save for and manage health care expenses — and makes permanent the ability of high-deductible health plans to waive the deductible for telehealth visits.”

    KARK-TV (Little Rock, AR): New federal budget includes relief for Arkansas farmers

    “Reference prices — set federal rates that trigger support payments when market prices drop — are one of the most relied-on tools in the farm safety net. For Arkansas rice producers, who say they’ve been using outdated prices from 2012, the new adjustment is expected to make a meaningful difference in margins.

    ‘We hope that this gives us some stability and some consistency where we can make better decisions,’ Coker said. ‘That affects everything — labor, equipment, fertilizer — it all depends on what we can afford.’”

    The Tennessean (Nashville, TN): Big Beautiful Bill includes tax credit for school vouchers: Here’s how much, how it works

    “As an example, if someone donates $1,000, they can later receive a $1,000 credit on their federal tax return, so long as they itemize their tax return and have a tax liability to apply the credit toward. That means the federal government absorbs the cost of the scholarships, essentially making them federal school vouchers.

    The tax credit far outweighs the benefits of a typical tax-deductible, charitable donation. At most, people are allowed to deduct 50% of their adjusted gross income for charitable donations, according to the IRS. In some cases 20% and 30% limits apply.

    ‘This is an unprecedented tax break, at the federal level,’ he said. ‘It’s just a super-sized incentive.’”

    Antelope Valley Press (Los Angeles, CA): President Trump’s Big Beautiful Bill is a step ahead for America

    “President Donald Trump’s ‘Big Beautiful Bill’ is the latest political victory in an action-packed first six months in office. The bill restores some good governance that protects taxpayers and citizens and is a huge boost to working families and entrepreneurs. The bill should increase prosperity and start to slow our unsustainable growth in government spending.”

    MageeNews.com (Mendenhall, MS): The “OBBB” Puts Americans and Farmers First

    “For working Americans including our farmers, ranchers and landowners, the OBBB was and is a series of HUGE ‘wins.’ Perhaps the greatest win was the significant tax relief delivered to all hardworking Americans. Recognizing that ‘Farm Security is National Security,’ these wins through the OBBB will strengthen our American producers for years – for generations – of future farm families.”

    The Berkeley Independent (Summerville, SC): 529 updates in ‘One Big Beautiful Bill’ give families even more flexibility for educational savings

    “As administrator of South Carolina’s Future Scholar 529 Plan, I’m happy to share that the recent passage of the One Big Beautiful Bill Act spells good news for South Carolina families who are using tax-advantaged 529 savings plans to save for their children’s education. The bill expands qualified uses for 529 funds, providing greater flexibility for families and making an already effective program even more beneficial.”

    Agweek (Fargo, ND): ‘One Big Beautiful Bill’ enhances farm program safety net

    “The large reconciliation bill, or the so-called ‘One Big Beautiful Bill,’ was passed by Congress and signed into law in early July … there are some adjustments and enhancements in the legislation that could be very beneficial to farmers, including increased reference prices and improved crop insurance provisions. … Approximately 90% of the added funding for ag-related programs in the reconciliation bill is targeted to farm ‘safety net’ programs, such as PLC, ARC-CO, crop insurance, and the Dairy Margin Coverage Program.”

    Sen. Marsha Blackburn (The Chronicle of Mt. Juliet, Mt. Juliet, TN): One Big Beautiful Bill is a victory for American people

    “On Independence Day, President Trump made history. He signed into law the One Big Beautiful Bill—a once-in-a-generation victory that fulfills his promise to Make America Great Again. By providing the largest tax cut in our nation’s history, it will supercharge our economy. Tennessee households will save an average of $2,600 in taxes next year and see an average annual take-home pay increase of over $10,000. With the largest-ever investment in border security, it empowers the Department of Homeland Security to complete President Trump’s border wall and hire thousands of new Border Patrol agents. It also bolsters our military, enacts common-sense permitting reforms to make America energy dominant again and eliminates hundreds of billions of dollars in far-left, Green New Deal spending, putting our nation on a more sustainable fiscal path.”

    Sen. Katie Britt (The Alexander City Outlook, Alexander City, AL): The one big beautiful bill delivers for Alabama

    “There’s been a lot of national conversation about how transformational this bill is. But let’s talk about what it means for Alabama. To start, Alabamians can expect to keep more of their hard-earned money because of this bill. We extended President Trump’s 2017 tax cuts and, as a result, prevented the largest tax hike in modern history. Alabama families were staring down an average of a $2,200 tax increase—we made sure that didn’t happen. We made sure to take care of our seniors as well, who will now be able to deduct up to $6,000 – $12,000 for couples filing jointly – from their taxes annually.”

    Sen. Mike Crapo (The Post Register, Idaho Falls, ID): A stronger future for Idahoans

    “Responsibility to Idaho taxpayers: The law also achieves the most significant spending reductions in history by slashing Green New Deal spending, eliminating tax loopholes, and rooting out waste, fraud and abuse in federal spending programs. When combined with the pro-growth elements of President Trump’s economic agenda, the Council of Economic Advisers estimates the United States will achieve nearly $4.5 trillion in deficit reduction over ten 10 years.”

    Sen. Steve Daines (Clark Fork Valley Press, Plains, MT): Big Beautiful Bill is a win for Montana

    “President Trump’s Big Beautiful Bill is a tremendous win for Montana. It will spur economic growth, strengthen border security as well as expand Montana’s energy sector and provide much-needed funding for our military. And thanks to the diligent work of the entire Montana congressional delegation, we defeated attempts to sell our public lands.”

    Sen. Deb Fischer (Syracuse Journal-Democrat, Syracuse, NE): How the One Big, Beautiful Bill Delivers Tax Relief to Nebraska Families

    “When Americans went to the polls last November, they sent a clear message. They want a government that prioritizes safer neighborhoods, more affordable energy, and real economic relief — especially for working families. Earlier this month, Congress responded with a tangible solution. We stopped a $4 trillion tax hike and advanced a law that locks in the economic policies that have helped families and small businesses thrive. This new law cements the 2017 Tax Cuts and Jobs Act (TCJA) into permanent policy, preserving critical tax benefits for families across the country. For the average Nebraska household, that means $2,400 a year in savings — money that can help pay for groceries, utilities, or a child’s education.”

    Rep. Ken Calvert (The Desert Sun, Palm Springs, CA): Tax Relief on the way for Coachella Valley taxpayers

    “The Coachella Valley is home to a unique mix of residents, including large populations of retired senior citizens and employees who support the region’s tourism economy. Despite the different demographics of these two groups, they will both see targeted benefits from the recent working family tax law I voted to pass earlier this month. Retired Americans who live on a fixed income rely heavily on the Social Security and Medicare benefits. Protecting those benefits is a top priority for our seniors – and it’s one of my top priorities, too. I promised the seniors I represent that I would not cut their benefits, and the recent tax and spending bill that was signed into law honors that commitment. There are no cuts to either Social Security or Medicare benefits in the bill.”

    Rep. Jeff Crank (The Colorado Springs Gazette, Colorado Springs, CO): Why I voted in favor of the One Big, Beautiful Bill

    “The One Big, Beautiful Bill, some of the most conservative legislation worked on in Congress, delivers the largest tax cuts in American history, ensures no tax on tips or overtime, protects Medicaid for our nation’s most vulnerable, increases defense spending, secures our borders and more. The bill promises a prosperous future for our country, yet there are some who continue to promote falsehoods about what this bill does. As the Representative for Colorado’s 5th Congressional District, it is my duty to outline why I voted for this bill. Let’s get this straight: the One Big, Beautiful Bill protects the Medicaid system for the most vulnerable and those that truly need it; benefits for pregnant women, children, seniors, and individuals with disabilities would see no changes with their Medicaid plans.”

    Rep. Randy Feenstra (The Gazette, Cedar Rapids, IA): ’Big Beautiful Bill’ grows our economy

    “For farmers and small businesses, the ‘One, Big, Beautiful Bill’ protects millions of smaller operations and businesses from excessive taxation by raising the death tax exemption. These entities also will benefit from doubled small business expensing, immediate R & D expensing, and deductions on qualified business income. It also increases reference prices for corn and soybeans, strengthens crop insurance, and fully funds foreign animal disease prevention, mitigation, and response.”

    Rep. Brett Guthrie (The Owensboro Messenger and Inquirer, Owensboro, KY): Here’s the truth: The One Big Beautiful Bill actually strengthens Medicaid

    “The Medicaid provisions included in the One, Big Beautiful Bill ensure our most vulnerable Americans continue receiving the support they need. It strengthens the program by removing deceased recipients from the Medicaid rolls, requiring states to conduct more frequent eligibility checks for the expansion population, ensuring that individuals are not enrolled in multiple states and enacting commonsense work requirements for able-bodied Americans who choose not to work. Additionally, our bill expands access to Home and Community Based Services for low-income seniors and individuals living with a disability.”

    Rep. Lisa McClain (The Detroit News, Detroit, MI): Big Beautiful Bill is a win for Michiganians

    “This landmark legislation combines common-sense reforms with bold investments in our communities. At its heart, the bill is about rebuilding the American dream from the ground up; making it more affordable to live, work and raise a family in Michigan. Whether you’re running a small business, working long shifts at a restaurant or raising kids, this bill will make your life better.”


    Rep. Tom Tiffany (Wausau Pilot & Review, Wausau, WI): What the One Big Beautiful Bill means for you

    “The bill also raises the Child Tax Credit to $2,200 per child and establishes a $1,000 investment account for American newborns, helping give every child a head start. It also supports working parents by expanding the Employer-Provided Child Care Credit, encouraging more businesses to offer affordable child care.”

    MIL OSI USA News –

  • MIL-OSI China: Thriving under pressure: Chinese companies build resilience, boost innovation amid headwinds

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

    Thriving under pressure: Chinese companies build resilience, boost innovation amid headwinds

    Merchant Sun Lijuan (R) introduces products to an Indian merchant inside her shop at the Yiwu International Trade Mart in Yiwu, east China’s Zhejiang Province, May 20, 2025. (Xinhua/Han Chuanhao)

    “It’s hot and wet today,” chirped a doll in a clear, childlike voice, dressed in a pink floral blouse and a rainbow tulle skirt. The doll was on display at a toy stall in Yiwu City, a bustling trade hub in east China often dubbed the “world’s supermarket.”

    The question — “What’s the weather like today?” — came from stall owner Sun Lijuan, who has worked in the doll business in Yiwu for over a decade.

    Her latest model, now powered by AI, marks a major shift from the talking toys of the past. “It’s no longer just a doll that sings, tells stories, or answers basic questions,” Sun said. “Now it can respond to almost anything. For kids, it’s more like a companion — a friend.”

    Sun is currently developing Spanish-language versions and has asked long-time clients to take the new AI dolls’ smart modules to South America to test server connectivity.

    Amid global tariff headwinds, innovation is unfolding daily in Yiwu across a wide range of industries and products. Local businesses are steadily strengthening both resilience and innovation capacity, driving a 24.5 percent year-on-year increase in the city’s exports in the first half of the year.

    Visits by foreign buyers in Yiwu jumped 18.6 percent from a year earlier in the first five months, underscoring growing interest in the city’s expanding and evolving product lines.

    The resilience of the “world’s supermarket” echoed a robust 5.3 percent year-on-year growth in China’s GDP in the first half of the year. Behind this hard-won result against the global backdrop of economic and trade headwinds, businesses like Sun’s tell inspiring stories of agility and enterprise.

    Merchants participate in a language learning session at the Yiwu International Trade Market in Yiwu, east China’s Zhejiang Province, May 16, 2025. (Xinhua/Chen Shuo)

    WEATHERING GLOBAL UNCERTAINTIES

    The rapid rollout of new products, Sun said, owes much to China’s strengths in innovation and talent. “Since the rapid ascent of DeepSeek earlier this year, we’ve been approached by many integrated circuit chip developers eager to collaborate on next-generation dolls,” she said. “I’ve never had so much contact with PhDs from top universities and tech firms.”

    This year has also been one of personal growth for Sun. After DeepSeek gained attention, the Yiwu International Trade Market began offering free AI training and she managed to pick up several software skills.

    In March, a long-time client from Mexico visited her shop and requested adjustments to the doll’s facial features and clothing. Sun made the edits on her computer within minutes, impressing the client and securing an order on the spot.

    “Many people have asked me whether external uncertainties have hit my factory hard, and I always say the impact has been limited,” Sun said, noting her factory has, over the years, developed talking dolls in multiple languages, including Spanish, English, Arabic and Russian, for more than 50 markets such as Mexico, Russia, Saudi Arabia and Egypt.

    “Entrepreneurs in Yiwu who’ve made it this far have been tested by the market repeatedly. Without foresight, they would’ve been pushed out of the market long ago,” she added.

    The new AI-powered dolls cost three to four times as much to produce as older talking models, but they also bring higher profit margins, according to Sun.

    Sun Lijuan said the production cost of the new AI-powered dolls is three to four times that of traditional talking models — but the added technology also brings higher profit margins.

    Sun’s toy business offers a glimpse into a broader trend. Across China, companies are drawing on the country’s institutional strengths, vast market potential, resilient supply chains, a deep talent pool, and growing innovation and openness to sharpen their resilience and adaptability in an increasingly complex global landscape.

    SHARPENING INNOVATION

    On the vast Gobi Desert in northwest China’s Xinjiang Uygur Autonomous Region, towering high-voltage power lines form a striking “forest of steel.” Between the power lines, drones flit in and out of view like birds patrolling their territory, detecting minor faults or unusual objects on the towers and cables.

    This photo taken on Aug. 13, 2024 shows a 750-kilovolt (kV) power transmission line under construction in northwest China’s Xinjiang Uygur Autonomous Region. (Photo by Ma Yuan/Xinhua)

    This is a fully autonomous drone inspection system developed by technology company I-KINGTEC in north China’s Tianjin Municipality. A young tech firm founded just eight years ago is helping to solve one of the toughest challenges of power line inspections in uninhabited regions.

    Its “Orca” drone can autonomously take off, fly missions and collect data. Serving as its all-weather base, the “Tiger Den” station can automatically replace the drone’s battery pod — a task that once depended almost entirely on manual labor.

    “How to make drones truly unmanned throughout the entire workflow has been the question we sought to answer from the very beginning,” said Zhu Shengli, co-founder of the company. He noted that the firm’s technological breakthroughs have been made possible by China’s supportive policies for the low-altitude economy and a strong talent pool.

    At Zhu’s company, the average age of employees is just 27, and R&D staff make up 70 percent of the workforce. The company has filed more than 600 IP applications to date.

    It posted over 200 million yuan (28 million U.S. dollars) in revenue last year, and its first-quarter earnings this year have already exceeded the full-year total for 2024.

    China’s tech firms like Zhu’s have seen strong momentum this year. In the first half of 2025, the country’s high-tech sectors posted rapid gains, with value-added industrial output in high-tech manufacturing rising 9.5 percent, 3.1 percentage points higher than the overall industrial growth during the same period.

    Sheng Laiyun, deputy head of the National Bureau of Statistics, described the “accumulation of new growth momentum” as a key feature of China’s economic performance. He noted an accelerating integration of technological and industrial innovation, which is high on policymakers’ agendas.

    To boost innovation, China has introduced a series of policy measures this year, including setting up a national venture capital guidance fund expected to mobilize 1 trillion yuan, expanding re-lending for tech innovation and upgrades from 500 billion to 800 billion yuan, and launching a dedicated “sci-tech board” in the bond market. The measures aim to channel more financial resources into early-stage, small-scale, long-term, and hard-tech ventures.

    TAPPING VAST DOMESTIC MARKET

    At a time when global demand is uneven, China’s vast domestic market of over 1.4 billion people continues to serve as a powerful anchor. Consumer demand is evolving rapidly, driving the emergence of new business models and product innovations.

    Despite pressures on the broader food service sector, Xibei, a leading Chinese catering chain brand with nearly 400 outlets and around 17,000 employees, is charting a different course by upgrading its children’s meals and offering higher-quality options to attract family diners, a strategy that has helped lift overall sales.

    The chain now offers four kids’ meal set options. One standout is a 69-yuan set featuring a whole yellow croaker, organic vegetables, corn soup, shrimp and egg custard, mousse, and hand-rolled oat noodles. To ensure it’s safe for children to eat, each fish goes through three rounds of machine inspection followed by manual deboning.

    “Kids’ meals are emerging as a powerful driver of family dining. Parents are willing to invest in quality for their children,” said Song Xuan, vice president of Xibei.

    Sales of Xibei’s children’s meals rose 7.4 percent year on year last year. Families dining with children now make up about 50 percent of total tables across its outlets on average.

    Despite skepticism over China’s consumer momentum and concerns about weak market demand, Xibei offers a snapshot of the country’s evolving spending power.

    China’s consumer market continued to gain momentum in the first half of the year, with retail sales of consumer goods rising 5 percent year on year, 0.4 percentage points faster than in the first quarter. Consumption contributed 52 percent to GDP growth during the period, making it the main driver of the economy.

    The vast Chinese market is also a shared market for the world, with consumer goods imports totaling 7.4 trillion yuan between 2021 and 2024, according to the Ministry of Commerce. In terms of actual purchasing power, China’s retail sales of consumer goods surpassed those of the United States last year, reaching 1.6 times the U.S. level, based on World Bank data and calculations.

    Xiong Yi, China Chief Economist at Deutsche Bank, noted strong potential for further growth in services consumption. “China has likely reached a development stage where its population will have increasing demand for higher-quality services,” he said.

    To better meet differentiated demand and tap deeper into China’s growing dining market, Xibei plans to roll out lightly salted meal sets for toddlers as young as one or two years old.

    “We are confident in the long-term prospects of China’s catering industry, given its vast growth potential. To stay competitive in such a rapidly evolving market, we must continue to transform and upgrade,” said Jia Guolong, chairman and founder of Xibei.

    MIL OSI China News –

  • MIL-OSI USA: News 07/31/2025 VIDEO: Blackburn Holds Hearing on Protecting Americans’ Privacy Online

    US Senate News:

    Source: United States Senator Marsha Blackburn (R-Tenn)

    WASHINGTON, D.C. – U.S. Senator Marsha Blackburn (R-Tenn.) chaired a Senate Judiciary Subcommittee on Privacy, Technology, and the Law hearing, where she examined how a national data privacy framework can protect Americans’ personal information across state lines, empower consumers, and promote responsible innovation: 

    Click here to download video of Senator Blackburn’s opening remarks during the Senate Judiciary subcommittee hearing.

     Click here to download video of Senator Blackburn’s questions during the Senate Judiciary subcommittee hearing.

    Americans Are Vulnerable without a National Data Privacy Framework

    Senator Blackburn: “The absence of a comprehensive national data privacy framework has left millions of Americans vulnerable… For years now, I have been clear we need a national privacy standard that is comprehensive and enforceable. One that empowers consumers, promotes innovation and ensures accountability. It should prioritize transparency, minimize data collection and provide meaningful consent, not just a box to check.”

    Senator Blackburn Has Led the Fight to Protect Americans in the Virtual Space

    Senator Blackburn: “It is past time for Congress to take up this issue, to take action to pass a bill and see that bill signed into law. We should also acknowledge how closely this issue is tied to the safety of our children online. Senator Blumenthal and I have worked diligently on the Kids Online Safety Act, which would require platforms to design their product for children’s well-being in mind, not just for their bottom line. We’ve seen time and again how data driven algorithms target kids with addictive content and expose them to harmful material. Business models that profit from children’s vulnerabilities must be reined in. It is absolutely disgusting that our children are the product when they are online. And through the Open App Market Act that I introduced with Senator Klobuchar, I have worked to increase competition and consumer choice in the digital marketplace. Whether it’s protecting your personal data, your right to download the apps you want, or your ability to access services, the common thread is this: users, not tech giants, should be in control of the individual user’s life.”

    MIL OSI USA News –

  • MIL-OSI China: Trump signs executive order increasing tariff on Canada to 35%

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

    U.S. President Donald Trump on Thursday signed an executive order increasing the tariff on Canada from 25 percent to 35 percent, with the higher tariff set to go into effect on Aug. 1, the White House said in a fact sheet.

    “Canada has failed to cooperate in curbing the ongoing flood of fentanyl and other illicit drugs, and it has retaliated against the United States for the president’s actions to address this unusual and extraordinary threat to the United States,” said the fact sheet.

    The White House said that in response to Canada’s “continued inaction and retaliation,” Trump has found it necessary to increase the tariff on Canada to “effectively address the existing emergency.”

    Goods qualifying for preferential tariff treatment under the United States-Mexico-Canada Agreement (USMCA) will continue to remain exempt from the new tariffs. Goods transshipped to evade the 35 percent tariff will be subject, instead, to a transshipment tariff of 40 percent.

    The fact sheet addressed the presidential action as “necessary and appropriate to protect American lives and the national security and foreign policy of the United States.”

    In February, Trump signed an executive order to impose an ad valorem duty rate of 25 percent on imports from Canada in response to the national emergency. In March, he determined that Canada had failed to adequately address the situation and proceeded with the imposition of the 25 percent tariff, according to the fact sheet.

    “Now, President Trump is taking further action to hold Canada accountable for its continued role in the illicit drug crisis,” the White House said.

    On Thursday, Trump also announced so-called “reciprocal tariff rates” of up to 41 percent on many countries.

    In April, Canada imposed 25-percent tariffs on U.S. vehicles that didn’t meet CUSMA rules and on non-Canadian, non-Mexican content in vehicles imported under CUSMA, as countermeasures, said its government.

    Canada was the top buyer of U.S. exports last year, importing 349 billion dollars worth of goods, while exporting 413 billion dollars to the United States as its third-largest source of foreign goods, according to the U.S. Department of Commerce.

    MIL OSI China News –

  • MIL-OSI China: Trump signs executive order modifying tariff rates with dozens of trading partners

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

    U.S. President Donald Trump steps off Marine One upon his arrival at the White House in Washington, D.C., the United States, on July 29, 2025. [Photo/Xinhua]

    U.S. President Donald Trump on Thursday signed an executive order further modifying tariff rates with nearly 70 trading partners.

    The order hereby imposes “additional ad valorem duties on goods of certain trading partners.”

    Most of the new tariff rates range from 10 percent to 40 percent, according to an annex to the release from the White House.

    The new tariff rates will take effect seven days after the date of the executive order with exceptions on logistical grounds.

    Trump noted in the executive order that some U.S. trading partners, despite having engaged in negotiations, have offered terms that do not sufficiently address “imbalances” in trading relationship or have failed to align sufficiently with the United States on “economic and national security matters.”

    “There are also some trading partners that have failed to engage in negotiations with the United States or to take adequate steps to align sufficiently with the United States on economic and national security matters,” he said.

    According to the order, the U.S. Secretary of Commerce and the Secretary of Homeland Security, together with other senior officials, shall publish every six months a list of countries and specific facilities used in circumvention schemes, to inform public procurement, national security reviews, and commercial due diligence.

    In addition, major U.S. governmental agencies are directed and authorized to take “all necessary actions” to implement and effectuate this order, consistent with applicable law, including through temporary suspension or amendment of regulations or notices.

    MIL OSI China News –

  • MIL-OSI USA: Markey Builds Bipartisan Momentum with Reintroduction of His Warehouse Worker Protection Act

    US Senate News:

    Source: United States Senator for Massachusetts Ed Markey

    Bill Text (PDF)

    Washington (July 31, 2025) – Senator Edward J. Markey (D-Mass.), member of the Health, Education, Labor, and Pensions (HELP) Committee, along with Senators Tina Smith (D-Minn.) and Josh Hawley (R-Mo.) and Representatives Donald Norcross (NJ-01), Mike Lawler (NY-17), and Haley Stevens (MI-11), today reintroduced the bipartisan, bicameral Warehouse Worker Protection Act, legislation to prohibit dangerous speed quotas and that threaten warehouse worker safety and lead to high injury rates. The legislation is cosponsored by Senators Roger Marshall (R-Kan.), Bernie Sanders (I-Vt.), Alex Padilla (D-Calif.), Richard Blumenthal (D-Conn.), Peter Welch (D-Vt.), Elizabeth Warren (D-Mass.), and Chris Murphy (D-Conn.).

    Major corporations often institute speed and productivity quotas for warehouse workers that force workers past their physical limits, leading to high injury rates. One in 15 Amazon warehouse workers is injured at work seriously enough to need days off or light duty to recover. Nearly 2 million Americans work in warehouses nationwide.

    The Warehouse Worker Protection Act would institute the basic standards necessary to ensure all workers experience a safe and dignified workplace. The bill would prohibit the use of dangerous speed quotas that rely on intrusive surveillance, interfere with workers’ ability to use the bathroom and take guaranteed breaks, and push workers past safe physical limits. The bill would also prohibit measures that prevent workers from exercising their right to unionize.

    “Workers deserve to clock in knowing they will return home safe and healthy at the end of their shift. The Warehouse Worker Protection Act would protect the basic health and dignity of workers from corporate bosses who time and again have prioritized unfettered greed and profit over their own people,” said Senator Markey. “I am proudly in solidarity with nearly two million warehouse workers nationwide in the fight to ensure that their rights, safety, and dignity are protected.”

    “Corporations need to prioritize their workers’ safety and well-being over profits. This bipartisan legislation will hold the warehouse industry accountable while combatting the industry’s worst practices. It’s time to put workers’ safety first and treat them with the dignity they deserve,” said Senator Hawley.

    “Corporate profits should never be placed above the safety and dignity of American workers,” said Senator Smith. “The Warehouse Worker Protection Act ends secret, aggressive productivity metrics and surveillance methods used by major companies, and instead puts power back in the hands of the workers who experience these conditions every day. Workers should never have to choose between their health and their next paycheck, and should not be harmed in service of corporate greed – this bill takes an important step in establishing safe, just workplaces for all.”

    “In 2022, three New Jersey warehouse workers tragically died on the job within weeks of each other, bringing attention to working conditions and injury rates in warehouses. Businesses can keep workers safe and earn a profit, but that’s only possible with more transparency and accountability,” said Congressman Norcross. “As a former electrician, I know firsthand what it’s like to lose a coworker on the job. The Warehouse Worker Protection Act takes necessary steps to ensure everyone can come home from work safely.”

    “Amid the vast expansion of shipping and online shopping, the warehouse workers keeping this economy moving have been left behind,” said Senator Marshall. “For too long, companies have been implementing outlandish quotas, cutting into workers’ rights and leading to injuries. That ends with this bill. I’m proud to support Senator Markey in providing proper protections for workers, ending the fear of abusive quotas.”

    “Amazon and other abusive warehouse employers are squeezing their workers for every penny of profit, leaving behind tired and broken bodies,” said Teamsters General President Sean M. O’Brien. “These corporate criminals are destroying good jobs in an industry that once supported a strong middle class. But one thing stands in their way—that’s the Teamsters Union, along with a bipartisan coalition of lawmakers who understand what’s at stake. It’s time to pass the Warehouse Worker Protection Act and put workers’ safety over corporate profits.”

    “Everyone deserves a guarantee of safety and dignity on the job, but retail giants like Amazon are raking in record profits on the backs of their workers, subjecting them to incredibly high rates of injury, unsustainable pace pressures, and punitive surveillance systems,” said Patricia Stottlemyer, Labor Rights Policy Lead at Oxfam America. “The re-introduction of the Warehouse Worker Protection Act is a critical step toward finally securing the safeguards and protections that these workers desperately need.”

    “Every day, we face unrealistic quotas and unsafe conditions just to keep our jobs at Amazon. The Warehouse Worker Protection Act gives us hope that our lives and safety will finally matter more than productivity rates. We fought for this law — and with support from Awood Center and national coalitions like Athena, we made it happen. Now we need Amazon to comply with the law or face consequences. It’s been in effect for a year, and they’re still falling short,” said an Amazon warehouse worker, supported by Awood Center, a worker center in Minnesota that uplifts East African immigrant workers.

    “At a time when Amazon warehouse workers like me are being injured at twice the rate as workers at other warehouses, this bill is a monumental step forward to holding companies like Amazon accountable and finally getting the workplace protections we deserve,” said Ronald “Mr. Ron” Sewell, an Amazon associate at ATL6 in Georgia and leader with United for Respect. “My coworkers and I are constantly putting our safety at risk to meet Amazon’s backbreaking productivity quotas, and we’ve had enough. Our lives are not expendable – we need real change to improve safety on the job, and this bill will help make that a reality.”

    “For too long, multi-billion dollar corporations like Walmart and Amazon have gotten away with forcing warehouse workers to meet unreasonable daily quotas — leading to countless injuries on the job — just so they can grow their profits. It’s long past time for that to change,” said Terrysa Guerra, Co-Executive Director of United for Respect. “These protections for warehouse workers will usher in a new era of accountability for these companies, and most importantly, will help improve workplace safety for hundreds of thousands of low-wage warehouse workers. United for Respect is thrilled to support this legislation.”

    “We’ve seen that when workers try to meet unattainable distribution center quotas, they get hurt; when they file for workers comp for their injuries, they get denied or fired. The Warehouse Worker Protection Act will protect workers from harm and blatant violation of their rights in an industry that treats them as expendable, and lead to safer, more dignified working conditions for the people who make life easier for the rest of us. Since New York’s version of this law went into effect in June, warehouse workers have already been feeling more secure in their rights. That’s something every single worker in the country deserves to feel—and why it’s so important that we pass the federal Warehouse Worker Protection Act as soon as possible,” said Vanessa Cid, Labor Organizer at For the Many.

    “Amazon’s greed has created a nationwide worker injury crisis as they put profit over people time and time again,” said Theodore A. Moore, Executive Director of ALIGN, leader of the New Yorkers for a Fair Economy coalition. “We’re proud of the work we’ve done to regulate warehouse safety in New York, but it’s time to take federal action and ensure that one of the richest companies in the world keeps their workers safe everywhere. We applaud Senator Markey’s leadership and urge Governor Hochul to lead the way with strong enforcement of New York’s Warehouse Worker Injury Reduction Act.”

    “We are facing a workplace injury crisis in warehouses across America,” said Irene Tung, Senior Researcher and Policy Analyst at the National Employment Law Project. “NELP’s research has found that the digital surveillance and disciplinary practices at companies like Amazon create a climate of fear for workers and astronomically high injury rates at warehouses. We urgently need the Warehouse Worker Protection Act to rein in these abuses and support workers’ right to organize for autonomy and safety on the job.”

    The Warehouse Worker Protection Act is endorsed by the International Brotherhood of Teamsters, the National Employment Law Project (NELP), the Athena Coalition, and Oxfam America.

    In May 2024, Senator Markey, along with Senator Smith and then Senator Bob Casey (D-Pa.), first introduced the Warehouse Worker Protection Act. In September 2024, Senator Markey celebrated the bipartisan momentum growing behind the bill.

    MIL OSI USA News –

  • Nifty, Sensex open lower as new Trump tariffs take effect

    Source: Government of India

    Source: Government of India (4)

    Indian equity markets opened lower on Friday, tracking weak global cues following the announcement of new tariffs by former U.S. President Donald Trump. The pharmaceutical sector bore the brunt, with the Nifty Pharma index falling 2.75 per cent.

    At 9:25 AM, the Nifty 50 was down 51 points or 0.21 per cent at 24,716, while the BSE Sensex had declined 179 points or 0.22 per cent, trading at 81,005.

    In the broader market, both the BSE MidCap and BSE SmallCap indices posted marginal gains of 0.05 per cent.

    Among sectoral indices, Nifty FMCG stood out as the sole gainer, rising 1.46 per cent. Meanwhile, Nifty IT slipped 0.80 per cent and Nifty Metal declined 0.99 per cent, in addition to sharp selling in pharma stocks.

    Within the Nifty 50 pack, Hindustan Unilever (HUL) was the top gainer, rising 4.45 per cent, followed by Tata Consumer Products, Hero MotoCorp, Maruti Suzuki, and Trent. On the losing side, Dr. Reddy’s Laboratories led with a 1.41 per cent decline, followed by Cipla, ONGC, Larsen & Toubro, and Tata Steel.

    “Despite Nifty’s bounce yesterday, the index remains vulnerable unless it sustains a move above the 24,800 mark. A close above this level could potentially open the path toward 25,000. On the downside, immediate support lies at 24,600, followed by 24,500,” said Hardik Matalia, Derivatives Analyst at Choice Equity Broking.

    “As elevated volatility and conflicting technical signals prevail, traders are advised to follow a cautious ‘sell-on-rise’ approach, especially when using leverage. Book partial profits during rallies and maintain tight trailing stop-losses. Fresh long positions should only be considered if the Nifty sustains above 25,000,” he added.

    On July 31, former U.S. President Donald Trump signed an executive order imposing revised “reciprocal” tariffs on several countries including Syria, Laos, South Africa, and Myanmar. The new tariff rates, ranging from 10 per cent to 41 per cent, are set to take effect from August 7.

    Strong earnings from U.S. tech giants Microsoft and Meta Platforms failed to lift Wall Street. The S&P 500 fell 0.37 per cent, marking its third straight day of losses. The Dow Jones Industrial Average declined 0.74 per cent, while the Nasdaq Composite remained flat with a marginal dip of 0.03 per cent.

    “In the near term, markets will be influenced by tariff-related developments. Since the implementation date is August 7, affected countries still have time to negotiate for revisions. Yesterday’s market behavior indicates that investors view the 25 per cent tariff as a short-term issue,” said Dr. V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

    Asian markets also opened weak. South Korea’s Kospi led the regional decline with a 2.94 per cent fall, followed by Japan’s Nikkei 225, which dropped 0.38 per cent. Shanghai Composite shed 0.10 per cent, while Hong Kong’s Hang Seng Index edged up 0.13 per cent.

    On the institutional front, foreign institutional investors (FIIs) extended their selling streak for a ninth consecutive session, offloading equities worth ₹5,588 crore on July 31. In contrast, domestic institutional investors (DIIs) remained net buyers for the 19th straight session, investing ₹6,372 crore.

    -IANS

  • MIL-OSI: Atos – Half-year 2025 results on track. Full Year 2025 targets confirmed

    Source: GlobeNewswire (MIL-OSI)

    Press Release

    Half-year 2025 results on track
    Full Year 2025 targets confirmed

    • Significant progress in the execution of the Genesis transformation plan
      • Reset of cost base well engaged, already impacting profitability
      • Over 50% of the overall Genesis restructuring target incurred
        at the end of June
      • Growth pillar initial phase achieved to deliver long-term ambition
    • Operating Margin up 80 bps proforma from 2.0% to 2.8%, to €113m (+15.4% yoy) despite the material decline in revenue, as anticipated
      • Atos SBU: +1.7 pts to 5.7% driven by initial benefits from the restructuring plan and tight contract management
      • Eviden SBU: -1.7 pts to -7.9% – consistent with previously announced seasonality
    • Significant improvement in Free Cash Flow1to -€96m (including -€154m cash restructuring) from -€593m in H1 2024
    • H1 revenue at €4,020m, down 17.4% organically due to expected impact of contracts exit and low business traction in 2024.
    • Achieved a 10 pts yoy Book-to-Bill improvement reaching 83% despite soft market environment with:
      • Improved or flat order entry in all regions apart from France
      • Continued strategic deal wins with 11 large multi-year contracts signed vs. 5 in H1 2024. The positive commercial momentum is expected to continue in H2 2025
      • Rolling 12-month pipeline increased by €1.5bn in Q2 including €1.3bn in large deals (over €30m)
    • Full Year 2025 targets and long-term trajectory confirmed   
    • Share Purchase Agreement signed with the French State for the sale of Advanced Computing activities

    Paris, August 1st, 2025 – Atos, a leading provider of AI-powered digital transformation, today announces its half year 2025 financial results.

    Philippe Salle, Atos Group Chairman of the Board of Directors and Chief Executive Officer, declared:

    “In a challenging environment, I am very encouraged by the determination of our teams in rolling-out the Genesis transformation plan with no delay. The voluntary optimization of the Group cost base is already starting to show initial benefits as shown through our half-year results: the operating margin is improving by over 15% year-on-year, a positive momentum which we intend to pursue. Our limited cash consumption is reflecting our disciplined approach to cash management, and we notice a sheer increase in enthusiasm among our customers towards the strategic refocusing of the Group.
    We also reached a new significant milestone towards the sale of our Advanced Computing activities with the signature of a share purchase agreement with the French State.
    We are looking ahead to the rest of the year and beyond with confidence and a single focus: executing on our strategy. We remain strongly committed to our 2025 targets and our long-term financial trajectory.”

    H1 2025 performance highlights

    In € million H1 2025 H1 2024 Var.   H1 2024* Organic Var.
    Revenue 4,020  4,964 (944)   4,865 (845) 
    Operating Margin 113  115 (2)   98 +15
    In % of revenue 2.8% 2.3% +0.5 pts   2.0%  +0.8 pts
    OMDA 309  373 (64)      
    In % of revenue 7.7% 7.5% +0.2 pts      
    Net income – Group share  -696 -1,941 + 1,245      
    Free Cash Flow2 -96  -593 + 497      
    Net debt (excl. IFRS 9 adjustment) -1,681  -4,218 + 2,537      

    *: at constant scope and June 2025 average exchange rates

    Operational performance

    Group revenue reached 4,020 million euros in the first half 2025, reflecting a 17.4% organic decline compared to the first half of 2024, driven by 2024 contract losses and voluntary contract exits, especially in the Atos Strategic Business Unit (SBU) in the United States and the United Kingdom, as well as overall soft market environment. The Atos SBU generated revenue of 3,603 million euros, down 17.9% organically compared to the first half of 2024. The Eviden SBU revenue was down 11.9% compared to the first half of 2024, to 417 million euros in the first half of 2025.

    Group operating margin reached 113 million euros in the first half of 2025, representing an organic 15% increase compared to the first half of 2024 and 2.8% of revenue (compared to 2.0% in the first half of 2024), despite a 845 million revenue decline year-on-year. This performance demonstrates the initial benefits of the cost reduction measures engaged since the beginning of the year, especially in the Atos SBU where the operating margin improved 18% year-on-year. The Eviden SBU profitability was lower than last year, as expected, due to a strong seasonality throughout the year.

    Disclosure in this section represents the revised reporting structure of Atos Group, following the implementation of the new organization in the first half 2025 reporting period. These are those that will be presented in the consolidated financial statements for the first half of 2025, which will be included in the 2025 half year report. Atos has identified Atos France, Atos BNN Benelux & the Nordics, Atos UK&I, Atos USA & CA, Atos GACE, Atos IM, Atos Global Delivery Centers, Eviden and Global Structures as the operating segments, mirroring the internal reporting structure. This reflects the review, management and assessment of the group’s operating results by Group Management following the implementation of the new organization.

    In € million  H1 2025 Revenue H1 2024*   Revenue Organic variation H1 2025 OM H1 2024 OM* H1 2025 OM Organic variation*  
     
    ATOS 3,603 4,391 -17.9% 204 173 5.7% +18.2%  
    Germany, Austria & Central Europe 767 831 -7.6% 1 -11 0.1% ns  
    USA & Canada 695 978 -29.0% 70 92 10.1% -24.4%  
    France 591 663 -10.8% 13 9 2.1% +45.4%  
    UK & Ireland 583 821 -29,0% 50 48 8.6% +4.5%  
    International Markets 561 668 -16.0% 46 39 8.2% +18.8%  
    BNN Benelux & the Nordics 402 425 -5.4% 23 -1 5.6% ns  
    Global Delivery Centers 5 6 -18.7% 2 -3 0.1% ns  
    Eviden 417 474 -11.9% -33 -30 -7.9% +11.5%  
    Global Structures – – – -57 -45 -1.4% +28.8%  
    Group total 4,020 4,865 -17.4% 113 98 2.8% +15.4%  

     *: at constant scope and June 2025 average exchange rates

    Atos – Germany, Austria & Central Europe revenue was 767 million euros in the first half of 2025, representing a 7.6% organic decline compared to the first half of 2024 with a significant ramp down from a couple of large clients who implemented insourcing strategies. It also stemmed from managed exits from low profitability contracts. That was partially offset by successful fertilization and cross selling at existing clients.

    Operating margin improved by 140 basis points year-on-year despite the non-recurring treatment of some reorganization expenses in the first half of 2024. It reached breakeven in the first half of 2025 thanks to the restructured delivery of existing contract portfolio and benefits from cost-saving initiatives.

    Atos – USA & Canada revenue decreased by 284 million euros year-on-year on a proforma basis. This was driven essentially by 2024 large contract completions and ramp-downs as well as an uncertain macro and political environment. Churn on small size contracts was more than offset by growing activity at existing clients and new contracts during the period.

    Operating margin improved 60 basis points compared to the first half of 2024 despite the material impact from revenue fall thru, thanks to the Genesis-led margin optimization actions already in place. It stood at 70 million euros in the first half of 2025.

    Atos – France revenue reached 591 million euros in the first half of 2025, down 10.8% organically from the first half of 2024, due to high exposure to the recently muted public sector and the impact of financial restructuring on client perception in 2024.

    Operating margin improved by 80 basis points year-on-year thanks to the benefit of cost-cutting initiatives on indirect costs, an improved billability rate despite revenue decline and improving low profitability contract management, quality of delivery and automation.

    Atos – UK & Ireland revenue reached 583 million euros in the first half of 2025, down 29% organically year-on-year mostly as a result of planned large public sector BPO contracts completion in the fourth quarter of 2024.

    Operating margin improved 280 basis points compared to the first half of 2024. In absolute terms, it was stable year-on-year despite the sharp decrease in revenue, thanks to the restructuring of low profitability contracts, successful delivery of new business and an already visible impact from cost-saving initiatives.

    Atos – International Markets revenue was down 16% organically in the first half of 2025, to 561 million euros, mostly driven by softer performance in Asia Pacific, Switzerland and Major events that had benefited from the Olympics in the first half of 2024. That was partially offset by growing revenues in South America.

    Operating margin improved by 240 bps compared to the first half of 2024 and reached 46 million euros in the first half of 2025 (up 7 million year-on-year). The contribution from lost revenue was more than offset by improved productivity, benefits from the Genesis transformation plan and lower one-off costs year-on-year with Olympics-related marketing costs incurred in the first half of 2024.

    Atos – BNN, Benelux and the Nordics revenue stood at 402 million euros in the first half of 2025, down 5.4% organically compared to the first half of 2024 with churn partially offset by growing activity at existing clients.

    Operating margin turned positive in the first half of 2025, to 23 million euros, or 5.6% of revenues. This was driven by the ramp up of higher profitability contracts and positive contribution from the Genesis action plan and continued positive service and project delivery.

    Eviden revenue was 417 million euros in the first half of 2025, down 11.9% organically year-on-year, driven by the anticipated strong seasonality in Advanced Computing (down 10.9% compared to the first half of 2024).
    Operating margin was –33 million euros, compared to -30 million euros in the first half of 2024 again, due to the seasonality in Advanced Computing. Significant revenue and profit recognition is expected in the fourth quarter of 2025. On a full-year basis the business unit is expected to generate positive operating margin.

    Global Structures costs stood at -57 million euros in the first half of 2025, compared to -45 million euros in the first half of 2024, due to the non-recurring treatment of reorganization costs in the first half of 2024 and the UEFA marketing costs incurred centrally in the first half of 2025.

    Update on the Genesis plan execution

    At the Capital Markets Day that was held on May 14, 2025, the Group unveiled “Genesis”, its strategic and transformation plan for the next 4 years. It includes 22 workstreams regrouped under 7 pillars:

    • Growth
    • Human Resources
    • Countries review
    • Portfolio review
    • Gross Margin
    • Cost review
    • Cash

    During the first half of 2025 significant progress was achieved, including the following:

    • Growth transformation: it has now passed the initial phase with a new growth and sales teams operating model deployed in all geographies and centrally. That included the right sizing and upskilling of the teams and sales enablement initiatives as well as prioritization to ensure frontline excellence and support future growth ambition. With that, processes were streamlined and optimized, enabling the sales force to concentrate efforts on meeting client needs. It is anticipated to yield results from the second half onwards
    • Countries review: to sharpen the geographical focus as announced in the Capital Markets Day, the Group exited one country and formally launched disposal processes for additional non-core countries
    • Contract portfolio review: in the first half of 2025, the Group reduced its exposure to low margin contracts (ie contracts with a project margin below 5%) to only three significant ones (vs seven at the end of 2024), and totaling a c.16 million euros negative impact on operating margin compared to c.52 million euros in the first half of 2024
    • Delivery and G&A optimization: the billability rate improved from 76% to 79% during the first half, and the General & Administrative cost base was reduced by 10% compared to the same period last year. Overall, over 50% of the 3-year restructuring envelope of 700 million euros was incurred at the end of June. The total headcount was 69,597 at the end of the period

    Order entry and backlog

    Commercial activity

    Order entry reached €3.3 billion in H1 2025, slightly lower than the reported H1 2024 level, due to:

    • Muted commercial activity in France where significant organizational changes are being implemented to improve commercial efficiency, enrich our offering and secure long term business performance. All other regions delivered roughly flat or growing order entry in the first half of the year
    • The soft market environment observed in the last few months

    Book-to-bill ratio was 83% in the first half of 2025, up from 73% in the same period of 2024. Main contract signatures in the second quarter of 2025 included two 4+ years Digital workplace deals totaling 140 million euros (of which 100 million euros in North America and 40 million euros in the UK), a 5+ years 80 million euros mainframe deal with a North American wholesaler of technology products, a 4+ years 50 million euros Cybersecurity contract in the public sector in Belgium, and two 3+ years digital applications contracts in Europe for a cumulative amount of 90 million euros with a consumer goods player on one side and a public sector body on the other.

    Backlog & commercial pipeline

    At the end of June 2025, the full backlog reached €12 billion representing 1.5 years of revenue.
    The full qualified pipeline amounted to €4.1 billion at the end of June 2025, representing 6.1 months of revenue.

    Net income

    OOI
    Other operating income and expenses amounted to –566 million euros in the first half of 2025, compared to –1,819 million euros in the first half of 2024. It mostly included restructuring and other non-recurring charges in relation to the Genesis transformation plan, as well as litigation provisions.

    Financial income
    Net financial expense was -202 million euros in the first half of 2025, compared to -175 million euros in the first half of 2024, reflecting the new debt structure of the Group and the fair value adjustment of the net debt.

    Tax
    Tax charge stood at -41 million euros in the first half of 2025, compared to -62 million euros in the first half of 2024.

    Net result group share
    As a result of the above net result Group share was a loss of –696 million euros in the first half of 2025, compared to a loss of –1,941 million euros in the first half of 2024.

    Free cash flow

    Free cash flow for the period stood at –96 million euros for the period excluding changes in working capital actions (WCA), reflecting the following items:

    • Operating margin before depreciation and amortization (OMDA) of 309 million euros
    • Capex of –93 million euros, or 2.3% of revenues
    • Leases of –122 million euros
    • Change in working capital requirement (excluding WCA) of 167 million euros, mostly driven by lower activity in the first half of 2025
    • Cash restructuring of –154 million euros, in relation to the Genesis transformation plan
    • Tax paid of -13 million euros
    • Net cash cost of debt of –80 million euros, including 18 million euros of financial income
    • Other items for –109 millions, that included litigation and onerous contracts

    Net debt and debt covenants

    At June 30, 2025, net debt was 1,681 million euros (746 million euros including IFRS 9 debt fair value adjustment), compared to 1,238 million euros as of December 31, 2024 (275 million euros including IFRS 9 debt fair value adjustment), and mainly consisted of:

    • Cash and cash equivalents for 1,364 million euros
    • Borrowings for 3,057 million euros (nominal value, excluding PIK) or 2,186 million euros including IFRS 9 fair value adjustment and PIK

    The new credit documentation requires the Group to maintain:

    • from 31 March 2025, a minimum liquidity level of €650 million, to be verified at the end of each financial quarter
    • from 30 June 2027, as from each half-year end, a maximum level of financial leverage (“Total Net Leverage Ratio Covenant”), which is defined as the ratio of Financial indebtedness (mainly excluding IFRS 16 impacts and IFRS 9 debt fair value treatment) to pre-IFRS 16 OMDA; the ceilings thus applicable will be determined no later than 30 June 2026 with reference to a flexibility of 30% in relation to the Business Plan adopted by the Group at that time; these ceilings will in any event remain between 3.5x and 4.0x.

    As of June 30, 2025, the Group financial leverage ratio (as defined in glossary) was 4.0x.

    Outlook

    The Group confirms its full year 2025 targets:

    • c. 8.5 billion euros revenue3
    • around 4% operating margin
    • net change in cash4 before debt repayment of c. -350 million euros

    The long-term financial trajectory also remains unchanged.

    In 2026, the Group expects to generate positive organic growth and net change in cash4 before debt repayment and M&A.

    In 2028, with the assumption of a disposal of Advanced Computing in FY 2026 and a progressive reduction of its geographic footprint, the Group expects:

    • to grow revenues organically to between 8.5 and 9 billion euros, representing a 5-7% CAGR between 2025 and 2028. Strategic, targeted and disciplined M&A could further increase revenue to up to 9 to 10 billion euros
    • to reach an operating margin of around 10%, supported by cost reduction measures and structural visible growth, partially offset by an acceleration of R&D investments
    • to achieve a leverage ratio below 1.5x net debt/OMDAL5. On the path to an investment grade rating, the Group expects to achieve a BB profile in 2027

    Sale of Advanced Computing

    On July 31, 2025, Atos Group signed a share purchase agreement with the French State for the sale of its Advanced Computing business, excluding Vision AI activities, for an enterprise value (EV) of €410 million, including €110m earn-outs that are based on profitability indicators for fiscal years 2025 (€50 million potential earn-out that should be paid upon closing) and 2026 (€60 million additional potential earn-out). This EV is in line with the confirmatory offer received from the French State on June 2, 2025 which has been approved by Atos Group Board of Directors.

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

    The French State will become the new shareholder of these activities, further supporting the business and its development over the long term.

    Social processes for the signing of the SPA agreement are closed. The transaction is expected to close over H1 2026 once the carveout is completed and relevant authorizations have been received.

    Interim condensed consolidated financial statements

    Atos Group Board of Directors in its meeting held on July 31, 2025, has reviewed the Group interim condensed consolidated financial statements closed at June 30, 2025. The Statutory Auditors have completed their usual limited review of the half-year condensed consolidated financial statements and issued their unqualified report.

    Conference call

    Atos Group’s Management invites you to attend the first half 2025 results conference call on Friday, August 1st, 2025, at 08:00 am (CET – Paris).

    You can join the webcast of the conference via the following link:

    https://edge.media-server.com/mmc/p/mz677p34

    If you want to join the conference by telephone, please register via this link:

    https://register-conf.media-server.com/register/BIc7cb4acc36ee4ddbbe4878cdc98936fa

    Upon registration, you will receive the dial-in info and a unique PIN to join the call as well as an email confirmation with the details.

    After the conference, a replay of the webcast will be available on atos.net, in the Investors section.

    Forthcoming events

    October 20, 2025 (After Market Close) Third quarter 2025 revenue

    APPENDIX

    H1 2024 revenue and operating margin at constant scope and exchange rates reconciliation

    For the analysis of the Group’s performance, revenue and OM for H1 2025 is compared with H1 2024 revenue and OM at constant scope and foreign exchange rates. Reconciliation between the H1 2024 reported revenue and OM, and the H1 2024 revenue and OM at constant scope and foreign exchange rates is presented below, by segment.

    H1 2024 revenue H1 2024 published Restatement H1 2024 restated Internal transfers Scope effects Exchange rates effects H1 2024*
    In € million
    ATOS 4,259 234 4,493 -3 -85 -13 4,391
    Germany, Austria & Central Europe 779 62 841 0 -11 0 831
    USA & Canada 949 38 987 0 0 -9 978
    France 686 39 725 -4 -58 0 663
    UK & Ireland 791 17 808 0 0 13 821
    International Markets 675 27 702 0 -16 -17 668
    BNN Benelux & the Nordics 375 49 424 1 0 0 425
    Global Delivery Centers 4 2 6 0 0 0 6
    Eviden 705 -234 471 3 0 0 474
    Global Structures –  – – – – – – 
    Group Total 4,964 0 4,964 0 -86 -13 4,865
    H1 2024 Operating Margin H1 2024 published Restatement H1 2024 restated Internal transfers Scope effects Exchange rates effects H1 2024*
    In € million
    ATOS 175 -1 174 1 -15 12 173
    Germany, Austria & Central Europe -16 2 -14 -2 -2 7 -11
    USA & Canada 97 0 96 0 0 -4 92
    France 14 -2 12 2 -10 5 9
    UK & Ireland 47 0 47 0 0 1 48
    International Markets 40 0 40 0 -3 2 39
    BNN Benelux & the Nordics -4 3 -1 -3 0 3 -1
    Global Delivery Centers -3 -3 -6 3 0 -1 -3
    Eviden -16 2 -14 -2 0 -13 -30
    Global Structures -44 -1 -45 1 0 -1 -45
    Group Total 115 0 115 0 -15 -2 98

    *: at constant scope and June 2025 average exchange rates

    Restatement corresponds to the transfer of Cybersecurity Services from Eviden to Atos.

    Scope effects amounted to €-86 million. They related to the divesture of Worldgrid in France, International Markets (Iberia) and Germany.

    Currency effects negatively contributed to revenue of -13 million. They mostly came from the depreciation of the US dollar, the Brazilian real, the Argentinian peso and the Turkish lira, partially compensated by the appreciation of the British pound.

    Q1 2024 revenue at constant scope and exchange rates reconciliation

    For the analysis of the Group’s performance, revenue for Q1 2025 is compared with Q1 2024 revenue at constant scope and foreign exchange rates.

    Q1 2024 revenue Q1 2024 published Restatement Q1 2024 restated Internal transfers Scope effects Exchange rates effects Q1 2024*
    In € million
    ATOS 2,155 118 2,273 -1 -43 22 2,251
    Germany, Austria & Central Europe 385 30 416 0 -6 0 410
    USA & Canada 474 20 493 0 0 15 509
    France 354 20 375 -2 -30 0 343
    UK & Ireland 410 9 419 0 0 10 430
    International Markets 339 14 352 0 -8 -4 341
    BNN Benelux & the Nordics 190 25 215 0 0 0 215
    Global Delivery Centers 2 1 3 0 0 0 3
    Eviden 324 -118 206 1 0 1 207
    Global Structures 0 0 0 0 0 0 0
    Group Total 2,479 0 2,479 0 -44 23 2,458

    * at constant scope and June 2025 average exchange rates

    Q2 2024 revenue at constant scope and exchange rates reconciliation

    For the analysis of the Group’s performance, revenue for Q2 2025 is compared with Q2 2024 revenue at constant scope and foreign exchange rates.

    Q2 2024 revenue Q2 2024 published Restatement Q2 2024 restated Internal transfers Scope effects Exchange rates effects Q2 2024*
    In € million 
    ATOS 2,105 116 2,220 -2 -42 -35 2,140
    Germany, Austria & Central Europe 394 31 425 0 -5 0 420
    USA & Canada 476 18 494 0 0 -24 470
    France 331 18 350 -2 -28 0 320
    UK & Ireland 380 9 389 0 0 2 391
    International Markets 337 13 350 0 -8 -13 327
    BNN Benelux & the Nordics 184 25 209 0 0 0 210
    Global Delivery Centers 2 1 3 0 0 0 3
    Eviden 381 -116 265 2 0 0 266
    Global Structures – – – – – – –
    Group Total 2,486 0 2,486 0 -42 -36 2,407

    * at constant scope and June 2025 average exchange rates

    Q1 2025 and Q2 2025 revenue according to the new Group reporting structure

    In € million  Q1 2025 Revenue Q1 2024*   Revenue Organic variation* Q2 2025 Revenue Q2 2024*   Revenue Organic variation*  
     
    ATOS 1,861 2,251 -17.3% 1,742 2,140 -18.6%  
    Germany, Austria & Central Europe 385 410 -6.1% 382 420 -9.1%  
    USA & Canada 370 509 -27.3% 324 470 -31.0%  
    France 304 343 -11.4% 287 320 -10.2%  
    UK & Ireland 302 430 -29.6% 280 391 -28.4%  
    International Markets 290 341 -14.8% 271 327 -17.1%  
    BNN Benelux & the Nordics 206 215 -4.4% 196 210 -6.4%  
    Global Delivery Centers 2 3 -10.6% 2 3 -23.9%  
    Eviden 208 207 0.1% 210 266 -21.3%  
    Global Structures – – – – – –  
    Group total 2,068 2,458 -15.9% 1,952 2,407 -18.9%  

    * at constant scope and June 2025 average exchange rates

    H1 2025 consolidated Profit & Loss Account

    (in € million) 6 months ended June 30, 2025 6 months ended June 30, 2024
    Revenue 4,020 4,964
    Personnel expense -2,115 -2,615
    Non-personnel operating expense -1,792 -2,235
    Operating margin 113 115
    % of revenue 2.8% 2.3%
    Other operating income and expense -566 -1,819
    Operating income (loss) -452 -1,704
    % of revenue -11.3% -34.3%
    Net cost of financial debt -162 -73
    Other financial expense -62 -135
    Other financial income 22 33
    Net financial income (expense) -202 -175
    Net income (loss) before tax -654 -1,879
    Tax charge -41 -62
    Net income (loss) -695 -1,941
    Of which:    
    ▪ attributable to owners of the parent -696 -1,941
    ▪ non-controlling interests 1 0

    H1 2025 Consolidated Cash Flow Statement

    in € million 6 months ended
    June 30, 2025    		 6 months ended
    June 30, 2024
    Net income (loss) before tax -654 -1,879
    Depreciation of fixed assets 134 125
    Depreciation of right-of-use 99 138
    Net addition (release) to operating provisions -1 -10
    Net addition (release) to financial provisions 6 28
    Net addition (release) to other operating provisions 199 -55
    Amortization of intangible assets (PPA from acquisitions) 12 29
    Impairment of goodwill and other non-current assets 24 1 570
    Losses (gains) on disposals of non-current assets 3 71
    Net charge for equity-based compensation – 3
    Unrealized losses (gains) on changes in fair value and other – -1
    Net cost of financial debt 162 73
    Interests on lease liability 15 19
    Net cash from (used in) operating activities
    before change in working capital requirement and taxes    		 -3 111
    Tax paid -13 -45
    Change in working capital requirement 43 -1 477
    Net cash from (used in) operating activities 28 -1,411
    Payment for tangible and intangible assets -93 -278
    Proceeds from disposals of tangible and intangible assets – 5
    Net operating investments -93 -273
    Amounts paid for acquisitions and long-term investments – -10
    Net proceeds from disposals of financial investments 1 -1
    Net long-term financial investments 1 -11
    Net cash from (used in) investing activities -92 -284
    Common stock issued 1 –
    Purchase and sale of treasury stock – -1
    Dividends paid* – -12
    Dividends paid to non-controlling interests – -2
    Lease payments -122 -159
    New borrowings – 470
    Repayment of borrowings – -10
    Interests paid -80 -53
    Other flows related to financing activities -6 -77
    Net cash from (used in) financing activities -207 155
    Increase (decrease) in net cash and cash equivalents -271 -1,540
    Opening net cash and cash equivalents 1,739 2,295
    Increase (decrease) in net cash and cash equivalents -271 -1,540
    Impact of exchange rate fluctuations on cash and cash equivalents -104 4
    Closing net cash and cash equivalents 1,364 759

    H1 2025 Balance Sheet

    (in € million) June 30,
    2025    		 December 31, 2024
    ASSETS    
    Goodwill 574 653
    Intangible assets 306 349
    Tangible assets 524 580
    Right-of-use assets 466 550
    Equity-accounted investments 12 12
    Non-current financial assets 98 131
    Deferred tax assets 213 184
    Total non-current assets 2,193 2,458
    Trade accounts and notes receivable 2,190 2,435
    Current taxes 90 102
    Other current assets 1,340 1,510
    Current financial instruments 0 2
    Cash and cash equivalents 1,364 1,739
    Total current assets 4,984 5,788
    TOTAL ASSETS 7,176 8,246
    (in € million) June 30,
    2025    		 December 31, 2024
    LIABILITIES AND SHAREHOLDERS’ EQUITY    
    Common stock 19 18
    Additional paid-in capital 1,887 1,887
    Consolidated retained earnings -1,302 -1,354
    Net income (loss) attributable to the owners of the parent -696 248
    Equity attributable to the owners of the parent -91 799
    Non-controlling interests 1 –
    Total shareholders’ equity -91 799
    Provisions for pensions and similar benefits 664 782
    Non-current provisions 465 345
    Borrowings 2,174 2,089
    Deferred tax liabilities 138 69
    Non-current lease liabilities 438 498
    Other non-current liabilities 4 3
    Total non-current liabilities 3,884 3,787
    Trade accounts and notes payable 971 1,018
    Current taxes 66 75
    Current provisions 386 315
    Current portion of borrowings 11 17
    Current lease liabilities 190 207
    Other current liabilities 1,759 2,028
    Total current liabilities 3,383 3,660
    TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY 7,176 8,246

    Glossary

    Operational capital employed: Operational capital employed comprises net fixed assets and net working capital but excludes goodwill and net assets held for sale.

    Current and non-current assets or liabilities: A current and non-current distinction is made between assets and liabilities on the consolidated statement of financial position. Atos has classified as current assets and liabilities those assets and liabilities that Atos expects to realize, use or settle during its normal cycle of operations, which can extend beyond 12 months following the period end. Current assets and liabilities, excluding the current portion of borrowings, lease liabilities and provisions, and current financial instruments represent the Group working capital requirement.

    DSO: (Days of Sales Outstanding). DSO is the amount of trade accounts receivable (including contract assets) expressed in days of revenue (on a last-in, first-out basis). The number of days is calculated in accordance with the Gregorian calendar.

    Organic growth: Organic growth represents the percent growth of a unit based on a constant scope and exchange rates basis.

    CAGR: The Compound Annual Growth Rate reflects the mean annual growth rate over a specified period of time longer than one year. It is calculating by dividing the value at the end of the period in question by its value at the beginning of that period, raise the result to the power of one divided by the period length, and subtract one from the subsequent result. As an example:

    2019-2021 revenue CAGR = (Revenue 2021 / Revenue 2018) (1/3) -1

    Operating margin: Operating margin equals to External Revenues less personnel and operating expense. It is calculated before Other Operating Income and Expense as defined below.

    Other operating income and expense: 

    Other operating income and expense include:

    • the amortization and impairment of intangible assets recognized as part of business combinations such as customer relationships, technologies and goodwill
    • when accounting for business combinations, the Group may record provisions in the opening statement of financial position for a period of 12 months beyond the business combination date. After the 12-month period, unused provisions arising from changes in circumstances are released through the income statement under “Other operating income and expense”
    • the cost of acquiring and integrating newly controlled entities, including earn out with or without presence conditions
    • the net gains or losses on disposals of consolidated companies or businesses
    • the fair value of shares granted to employees including social contributions
    • the restructuring and rationalization expense relating to business combinations or qualified as unusual, infrequent and abnormal. When a restructuring plan qualifies for Other operating income and expense, the related real estate rationalization & associated costs regarding premises are presented on the same line
    • the curtailment effects on restructuring costs and the effects of plan amendments on defined benefit plans resulting from triggering events that are not under control of Atos management
    • the net gain or loss on tangible and intangible assets that are not part of Atos core-business such as real estate
    • other unusual, abnormal and infrequent income or expense such as major disputes or litigation.

    Gross margin and indirect costs: Gross margin is composed of revenue less the direct costs of goods sold. Direct costs relate to the generation of products and/or services delivered to customers, while indirect costs include all costs related to indirect staff (defined hereafter), which are not directly linked to the realization of the revenue. The operating margin comprises gross margin less indirect costs.

    EBITDA (Earnings Before Interest, Tax, Depreciation and Amortization): for Atos, EBITDA is based on Operating Margin less non-cash items and is referred to as OMDA (Operating Margin before Depreciation and Amortization).

    OMDA (Operating Margin before Depreciation and Amortization) is calculated as follows:

    Operating margin:

    • less – Depreciation of fixed assets (as disclosed in the “financial report”)
    • less – Depreciation of right of use (as disclosed in the “financial report”)
    • less – Net charge (release) of provisions (composed of net charge of provisions for current assets and net charge of provisions for contingencies and losses, both disclosed in the “financial report”)
    • less – Net charge (release) of provisions for pensions (as disclosed in the “financial report”).

    OMDAL: OMDA – lease repayments.

    Gearing: The proportion, expressed as a percentage of net debt to total shareholders’ equity (Group share and minority interests).

    Interest cover ratio: Operating margin divided by the net cost of financial debt, expressed as a multiple.

    Leverage ratio: Net debt (before changes in working capital actions and IFRS 9 fair value adjustment) / OMDAL rolling 12-months.

    Operating income (loss): Operating income (loss) comprises net income (loss) before deferred and current income taxes, net financial income (expense), and share of net profit (loss) of equity-accounted investments.

    Cash flow from operations: Cash flow coming from the operations and calculated as a difference between OMDA, net capital expenditures, lease payment and change in working capital requirement.

    Net cash or net debt: Net cash or net debt comprises total borrowings (bonds, short term and long-term loans, securitization and other borrowings), short-term financial assets and liabilities bearing interest with maturity of less than 12 months, less cash and cash equivalents. Liabilities associated with lease contracts and derivatives are excluded from the net debt.

    Free Cash Flow (FCF): The Free Cash Flow represents the change in net cash or net debt, excluding capital increase, share buyback, dividends paid to shareholders and non-controlling interests, net acquisition or disposal of companies.

    Earnings (loss) per share (EPS): Basic EPS is the net income (loss) divided by the weighted-average number of common shares outstanding during the period. Diluted EPS is the net income (loss) divided by the diluted weighted-average number of common shares for the period (number of shares outstanding + dilutive instruments with dilutive effect).

    Revenue: Revenue related to Atos’ sales to third parties (excluding VAT).

    TCV (Total Contract Value): The Total Value of a Contract at signature (prevision or estimation) over its duration represents the firm order and contractual part of the contract excluding any clause on the decision of the client, as anticipated withdrawal clause, additional option or renewal.

    Order entry/bookings: The TCV, orders or amendments signed during a defined period. When an offer is won (contract signed), the total contract value is added to the backlog and the order entry is recognized.

    Book-to-bill: The Book-to-Bill is the ratio expressed in percentage of the order entry in a period divided by revenue of the same period.

    Backlog/Order cover: The value of signed contracts, orders and amendments that remain to be recognized over their contract lives.

    Pipeline: The value of revenues that may be earned from outstanding commercial proposals issued to clients. Qualified pipeline applies an estimated percentage likelihood of proposal success.

    Direct Staff: Direct staff includes permanent staff and subcontractors, whose work is billable to a third party.

    Indirect staff: Indirect staff includes permanent staff or subcontractors, who are not billable to clients. Indirect staff is not directly involved in the generation of products and/or services delivered to clients.

    Disclaimer

    This document contains forward-looking statements that involve risks and uncertainties, including references, concerning the Group’s expected growth and profitability in the future which may significantly impact the expected performance indicated in the forward-looking statements. These risks and uncertainties are linked to factors out of the control of the Company and not precisely estimated, such as market conditions or competitors’ behaviors. Any forward-looking statements made in this document are statements about Atos’s beliefs and expectations and should be evaluated as such. Forward-looking statements include statements that may relate to Atos’s plans, objectives, strategies, goals, future events, future revenues or synergies, or performance, and other information that is not historical information. Actual events or results may differ from those described in this document due to a number of risks and uncertainties that are described within the 2024 Universal Registration Document filed with the Autorité des Marchés Financiers (AMF) on April 10, 2025 under the registration number D.25-0238. Atos does not undertake, and specifically disclaims, any obligation or responsibility to update or amend any of the information above except as otherwise required by law.

    This document does not contain or constitute an offer of Atos’s shares for sale or an invitation or inducement to invest in Atos’s shares in France, the United States of America or any other jurisdiction. This document includes information on specific transactions that shall be considered as projects only. In particular, any decision relating to the information or projects mentioned in this document and their terms and conditions will only be made after the ongoing in-depth analysis considering tax, legal, operational, finance, HR and all other relevant aspects have been completed and will be subject to general market conditions and other customary conditions, including governance bodies and shareholders’ approval as well as appropriate processes with the relevant employee representative bodies in accordance with applicable laws.

    About Atos Group

    Atos Group is a global leader in digital transformation with c. 70,000 employees and annual revenue of c. € 10 billion, operating in 67 countries under two brands — Atos for services and Eviden for products. European number one in cybersecurity, cloud and high-performance computing, Atos Group is committed to a secure and decarbonized future and provides tailored AI-powered, end-to-end solutions for all industries. Atos is a SE (Societas Europaea) and listed on Euronext Paris.

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

    Contact

    Investor relations: investors@atos.net

    Individual shareholders: +33 8 05 65 00 75

    Media relations: globalprteam@atos.net

    1 Excluding change in Working Capital Actions

    2 Excluding change in Working Capital Actions

    3 At Dec 31, 2024 currency

    4 At constant currency

    5 Defined as Operating Margin before Depreciations, Amortization and Leases

    Attachment

    The MIL Network –

  • MIL-OSI Russia: D. Trump signs executive order to change tariff rates with dozens of trading partners

    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

    NEW YORK, July 31 (Xinhua) — U.S. President Donald Trump on Thursday signed an executive order further changing tariff rates with nearly 70 trading partners.

    The decree introduces “additional ad valorem duties on goods from certain trading partners.”

    According to an appendix to the White House press release, most of the new tariff rates range from 10 percent to 40 percent.

    The new tariffs will come into force seven days after the date of the decree, except in cases related to logistics.

    As D. Trump noted in the document, some US trading partners, despite participating in the negotiations, proposed conditions that do not sufficiently eliminate the “imbalance” in trade relations or do not meet US demands on “economic and national security issues.”

    “Some trading partners have failed to engage with the United States or to take adequate steps to sufficiently align their actions with the United States on economic and national security issues,” the president said.

    The order requires the Secretary of Commerce and the Secretary of Homeland Security, along with other senior officials, to publish every six months a list of countries and specific facilities used in tariff evasion schemes to inform government procurement, national security reviews, and commercial due diligence.

    In addition, key U.S. government agencies are directed and authorized to take “all necessary actions” to implement this order consistent with applicable law. –0–

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

    .

    MIL OSI Russia News –

  • MIL-OSI China: China to review, supervise CK Hutchison’s overseas ports deal in accordance with law

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

    China’s Ministry of Commerce said Thursday that the Chinese government will conduct reviews and supervision on the sales of CK Hutchison Holdings Limited’s overseas port assets in accordance with the law.

    The ministry’s spokesperson He Yadong made the remarks at a regular press conference when answering a media query.

    The Chinese government will protect fair market competition, safeguard the public interests of the society, and resolutely defend its national sovereignty, security and development interests, He said, adding that relevant Chinese authorities have issued multiple statements on the matter.

    MIL OSI China News –

  • MIL-OSI USA: Senator Marshall: Interest Rates Need to Come Down

    US Senate News:

    Source: United States Senator for Kansas Roger Marshall

    Senator Marshall Joins Fox Business to Discuss Interest Rates and Trade Deals
    Washington – On Thursday, U.S. Senator Roger Marshall, M.D. (R-Kansas), joined Fox Business to discuss the Federal Reserve’s refusal to lower interest rates, and how the President’s trade strategy isn’t harming Americans but will get us leverage on our geo-political rivals.

    Click HERE or on the image above to watch Senator Marshall’s full interview
    On the Federal Reserve not raising interest rates:
    “Well, I wasn’t surprised, because there’s a reason that President Trump calls him Jerome ‘Too Late’ Powell. Let’s go back to March of 2021, and Jerome Powell says inflation is going to be transitory. It’s 18 months later, and it’s just starting to peak, and it’s not a couple months after that before it starts coming down. So, he is indeed always too late.
    “And let me put an exclamation point behind what President Trump is saying. To that average Kansas farmer back home, they have an operation loan of a million dollars. We saw interest rates on those loans go from 2% to 9% and that’s what caused a record drop in net farm income. So, he’s right. Every point matters. And I’m not saying we should drop at two or three points, but dropping at a quarter point or a half point, come on. I think that the economy would dictate that. Now we don’t know what’s holding up Jay Powell, except he’s always too late.”
    On the real impact of the trade deals President Trump has secured:
    “Well, I’m going to trust Michelle Bowman, of course. She’s from Council Grove, Kansas, but let’s just think about this for a second. Of all the goods that Americans consume, only about 11% of them are imported. Only 11%. So, let’s just suppose there’s a 10% tariff on 11% of what we consume. Well, my little math says that’s going to be a 1.1% increase, assuming that’s all passed along to the consumer, and you know, it’s not going to. So, I think that these tariffs could cause a one-time hit of one or 2%, but I think the manufacturers are going to absorb a lot of that. The wholesalers are going to absorb a lot of that as well.
    “And meanwhile, we’re trying to balance this trillion-dollar trade deficit. So, I think President Trump is right on task. Look at what he’s doing; Cambodia and Thailand today, he’s surrounded China. He’s got Indonesia done, Japan, Australia, Vietnam, the Philippines, [and] South Korea. So, he’s going to push China. They’ve got till August. The 12th is their deadline, I believe. So, President Trump is doing a good job.”

    MIL OSI USA News –