Category: Commerce

  • MIL-OSI: Vimeo Appoints Rose Frawley as Chief People Officer to Drive Global Talent Strategy and Culture

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, July 01, 2025 (GLOBE NEWSWIRE) — Vimeo, Inc. (NASDAQ: VMEO), the largest and most trusted private video network in the world, today announced the recent appointment of Rose Frawley as its Chief People Officer (CPO). Frawley leads the company’s global talent strategy and organizational development. Her commitment to Vimeo’s people-first strategy and culture reflects the company’s momentum in attracting top-tier talent. At the helm of Vimeo’s human resources operations, Frawley is focused on cultivating a culture of trust, engagement, and connection to Vimeo’s mission, empowering employees to reach their full potential and build exceptional video experiences for users.

    “We are thrilled to welcome Rose as our Chief People Officer,” said Philip Moyer, CEO of Vimeo. “Rose brings an amazing track record of building great talent, teams and culture. Her leadership will be essential to our mission to make Vimeo the most trusted private video platform in the world and the best place for video talent to work.”

    Frawley has over 20 years of human resources experience, specializing in building high-performing People functions within leading technology and data companies. Most recently, she served as Chief People Officer at YipitData and Vivvix, where she led global teams, scaled talent development, and aligned People functions with business objectives. Prior to YipitData and Vivvix, she was VP & HR Global Business Partner Team Lead at Datto and SVP ofHR and Global Business Partner Lead at FactSet.

    “I’m incredibly honored to join Vimeo at such a pivotal moment for video communications platforms and be a part of a team as passionate about driving success as I am,” said Frawley. “Creativity is critical to who we are at Vimeo, and I’m excited to maintain and protect the culture and values that have long served the company. As Vimeo continues to grow, we’ll continue to meet employees where they are and ensure they feel heard, valued, and empowered to thrive.”

    About Vimeo
    Vimeo (NASDAQ: VMEO) is the world’s most innovative video experience platform. We enable anyone to create high-quality video experiences to better connect and bring ideas to life. We proudly serve our community of millions of users – from creative storytellers to globally distributed teams at the world’s largest companies – whose videos receive billions of views each month. Learn more at www.vimeo.com.

    Contact: Frank Filiatrault / frank.filiatrault@vimeo.com

    The MIL Network

  • MIL-OSI: Apollo Funds Complete Acquisitions of International Game Technology’s Gaming & Digital Business and Everi; Combined Enterprise to Operate as IGT

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK and LAS VEGAS, July 01, 2025 (GLOBE NEWSWIRE) — Apollo (NYSE: APO) today announced the completion of the previously announced acquisitions of International Game Technology PLC’s (doing business as “Brightstar Lottery”) Gaming & Digital Business and Everi Holdings Inc. (“Everi”) by a holding company owned by funds managed by Apollo affiliates (the “Apollo Funds”). The all-cash transaction, valued at approximately $6.3 billion, brings together complementary businesses to form a privately held global leader in gaming, digital and financial technology solutions.

    The two companies will be integrated into a combined enterprise in the coming months. Headquartered in Las Vegas, the combined enterprise will operate under the IGT name, while retaining the Everi brand in select markets and product lines. IGT will be organized into three business units: Gaming, Digital and FinTech, creating a customer-first enterprise supported by a people-first culture that values talent, collaboration and innovation.

    “This is a defining moment for our industry,” said Nick Khin, Interim CEO of IGT. “By uniting two leading organizations, we are building an enterprise with the scale, talent and technology to lead the future of gaming. With Apollo’s support, we are very well-positioned to deliver exceptional content across land-based and digital experiences, along with integrated financial solutions and casino management that enhance the player journey and drive value for our customers. I’m honored to be part of this exciting chapter and to help shape the future of IGT.”

    As previously announced, Hector Fernandez is expected to assume the role of CEO of IGT in the fourth quarter of 2025, following the expiration of a customary non-compete period. Until then, Mr. Khin will lead the organization and transition into the role of CEO of IGT’s Gaming business unit upon Mr. Fernandez’s arrival.

    “Bringing together highly complementary businesses creates a more competitive, agile and well-capitalized platform built for long-term growth,” said Daniel Cohen, Partner at Apollo. “We are confident that IGT is well positioned to deliver differentiated content and capabilities that better serve customers across the globe. We look forward to working closely with Hector, Nick and the rest of the talented IGT team to lead the industry forward.”

    Effective today, Everi common stock has been delisted from the New York Stock Exchange. Everi stockholders are receiving $14.25 per share in cash, and International Game Technology PLC is receiving $4.05 billion of gross cash proceeds.

    Paul, Weiss, Rifkind, Wharton & Garrison LLP is serving as legal counsel to the Apollo Funds.

    About IGT

    IGT is a leading global provider of gaming, digital and financial technology solutions, formed through the combination of International Game Technology PLC’s Gaming & Digital Business and Everi Holdings Inc. IGT’s offering spans gaming machines, game content and systems, iGaming, sports betting, cash access, loyalty and player engagement solutions, enabling it to deliver integrated, customer-centric experiences across land-based and digital environments. Organized into Gaming, Digital and FinTech business units, IGT drives innovation, efficiency and value for casino, digital and hospitality operators worldwide. The company is headquartered in Las Vegas.

    About Apollo

    Apollo is a high-growth, global alternative asset manager. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade credit to private equity. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative capital solutions for growth. Through Athene, our retirement services business, we specialize in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Our patient, creative, and knowledgeable approach to investing aligns our clients, businesses we invest in, our employees, and the communities we impact, to expand opportunity and achieve positive outcomes. As of March 31, 2025, Apollo had approximately $785 billion of assets under management. To learn more, please visit www.apollo.com.

    Forward-Looking Statements

    This press release contains “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by terms such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “forecast,” “foresee,” “intend,” “may,” “plan,” “project,” “should,” “will,” and “would” and the negative of these terms or other similar expressions. In addition, all statements regarding IGT’s business following its acquisition by the Apollo Funds are forward-looking statements. These forward-looking statements involve substantial risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. These risks and uncertainties include, among other things, risks related to the ability to realize the anticipated benefits of the acquisitions; the ability to retain and hire key personnel; unexpected costs, charges or expenses resulting from the acquisitions; risks related to competition in the gaming and lottery industries; dependence on significant licensing arrangements, customers, or other third parties; economic changes in global markets, such as currency exchange, inflation and interest rates, and recession; government policies (including policy changes affecting the gaming industry, taxation, trade, tariffs, immigration, customs, and border actions) and other external factors that IGT cannot control; regulation and litigation matters relating to the acquisitions; unanticipated adverse effects or liabilities from business divestitures; risks related to intellectual property, privacy matters, and cyber security (including losses and other consequences from failures, breaches, attacks, or disclosures involving information technology infrastructure and data); other business effects (including the effects of industry, market, economic, political, or regulatory conditions); and other risks and uncertainties. Neither IGT nor the Apollo Funds intends to update or revise any forward-looking statements as a result of new information or future events or developments, except as required by law.

    Contacts

    For IGT
    Phil O’Shaughnessy
    VP Global Communications, Government Relations & Sustainability
    Toll free in U.S./Canada +1 (844) IGT-7452; outside U.S./Canada +1 (401) 392-7452
    Phil.oshaughnessy@igt.com

    For Apollo
    Noah Gunn
    Global Head of Investor Relations
    (212) 822-0540
    IR@apollo.com

    Joanna Rose
    Global Head of Corporate Communications
    (212) 822-0491
    Communications@apollo.com

    The MIL Network

  • MIL-OSI United Kingdom: Fourth-generation family funeral director recognised at business awards

    Source: City of Winchester


    Winchester City Council has awarded the Millennium Egg to Iain Steel, company director at local funeral director Richard Steel and Partners, at the 2025 Winchester Business Excellence Awards. 

    The Egg recognises individuals and organisations who have made an outstanding contribution to the economy of the district. It was presented to Iain by Winchester City Council Chief Executive Laura Taylor at the award ceremony on Thursday 20 June in Winchester Cathedral. 

    Richard Steel and Partners has been serving Winchester, Bishop’s Waltham, Alresford and Meon Valley for over 160 years, and is one of the region’s longest established family businesses: it is still under family ownership after four generations. The company directly employs over 30 staff and has also remained committed to sourcing services and supplies locally, doing their bit towards helping businesses within their community thrive. 

    Iain first joined the business as a teenager nearly 40 years ago, working alongside his father Richard. Since taking the reins as company director, Iain has led and developed the business, including the use of Chesil House as a prestigious riverside venue for funeral services and family gatherings. The company opened an Alresford office opened in 2021 to better serve families in the Arle and Candover valleys. 

    Iain is an avid supporter of the local community with direct involvement in a number of Winchester charities. As trustee of Winchester Hospice, he took on the challenge of trekking across the Sahara in November 2024, raising money for this local charity – and he also donated to the regeneration of St Maurice’s Covert. 

    This year, he has been instrumental in establishing the inaugural Legacy Action Week in Winchester and is already working on 2026, helping Winchester charities benefit from local bequests in wills.  

    Iain Steel, Company Director at Richard Steel and Partners, said: “Our family business has been serving Winchester and the wider Hampshire community for four generations since 1860.  

    “We are proud to be one of the longest established private businesses in the city to remain in the same family ownership, and recognition of our work within the local community means everything to everyone associated with our company, both current and former staff. Each generation has dedicated themselves to helping the city, both professionally and through charitable and community involvement”. 

    Laura Taylor, Chief Executive of Winchester City Council, said: “It is an honour to present our lifetime achievement award to Iain Steel of Richard Steel and partners, a fourth-generation family business that has been a mainstay of the Winchester district economy for over 160 years, serving our residents across the district, from Bishop’s Waltham to Alresford and between. 

    “Not only committed to providing compassionate and exceptional care in the business, using local suppliers where possible, Iain is well known for his commitment to the local community, with active involvement in a number of Winchester charities including St John’s Ambulance, Trinity Winchester and Winchester Hospice, as well as being Chair of Winchester Theatre Trust. 

    “Iain and his team are a valued addition to our district’s business community and the way in which they serve our residents – with compassion, professionalism and dedication to the community – make them a truly worthy recipient of this year’s award.” 

    The Millennium Egg, a crafted ornament, was originally donated to the council by Jeremy France of Jeremy France Jewellers. 

    The annual Winchester Business Excellence Awards are organised by the Hampshire Chronicle in association with Winchester Business Improvement District (BID) and Hampshire Chamber of Commerce. 

    Winchester City Council also sponsored the Sustainable Business Award which was presented on the night to Stem and Green Flower Farm by the Leader of the council, Councillor Martin Tod.  

    MIL OSI United Kingdom

  • MIL-OSI Africa: African Union Commission (AUC) Chairperson called for urgent reforms to the global financial system to unlock Africa’s full potential


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    Delivering a keynote speech at the #FID4 event in Seville on “Leveraging Private Business & Finance,” AU Commission Chairperson H.E. Mahmoud Ali Youssouf called for urgent reforms to the global financial system to unlock Africa’s full potential. He emphasised that private business & finance are not merely complementary, but catalytic for inclusive growth, job creation, and the green transition.

    He noted the African Continental Free Trade Area (AfCFTA) as a game-changer for the continent and urged greater support for MSMEs, sustainable finance, & foreign direct investment.

    “Africa is young, resource-rich, and ready,” he concluded. “Let’s align capital with our development priorities and build a 21st-century financial architecture that works for all.”

    Distributed by APO Group on behalf of African Union (AU).

    MIL OSI Africa

  • MIL-OSI United Kingdom: UKSPF programmes to help Prestonians

    Source: City of Preston

    1 July 2025

    Activities to help and support Prestonians across a range of programmes is being funded via UK Government’s Shared Prosperity Fund (UKSPF).

    The Government announced in December 2024 there would be £900m available across the UK as transitional funding for an extra year of activities for 2025/26 after the 2022/2025 funding programme closed.

    Our goal is to deliver a wide-reaching and impactful programme of activities that will build pride of place in Preston and increase life chances in the city, in line with the overall goals of the UKSPF. This will be delivered via three investment priorities, as defined by Government:

    1. Communities and Place
    2. Supporting local business
    3. People and skills

    Councillor Matthew Brown, Leader at Preston City Council, said:

    “Thanks to UKSPF funding, we’ve equipped people and local businesses across Preston with essential support and skills that have a huge impact on all our communities.

    “This extra funding will enable us to invest in the future of the city despite other financial challenges the Council faces.

    “It’s about giving people the tools they need to succeed, building a fairer and more democratic Preston economy, and revitalising our communities to build a more inclusive, connected, and resilient Preston for the future.”

    More information

    A table of 2025/26 programme activity for Preston is provided at the end of this article.

    • The fund aims to support local communities and businesses across the UK, and will contribute to the delivery of the government’s Five Missions:
    • Mission 1 (M1): Kickstart economic growth  
    • Mission 2 (M2): Make Britain a clean energy superpower 
    • Mission 3 (M3): Take back our streets 
    • Mission 4 (M4): Break down barriers to opportunity 
    • Mission 5 (M5): Build an NHS fit for the future

    About UKSPF

    The UK Shared Prosperity Fund (UKSPF) is a fund allocated by the UK Government and managed by local authorities in partnership with local stakeholders.

    Lancashire Combined County Authority (LCCA) was awarded a total of £21,748,007 for 2025/6 enabling projects and initiatives to continue for another year across the county. Preston City Council’s allocation was £2,462,651.

    UKSPF programme 2025/26 under revised themes and sub-themes

    Priority 1 – Communities and Place

    Sub-theme – Health and Wellbeing Programme and Inclusivity

    1. Community Programme, including:

    • Volunteering and community grants
    • Youth Strategy
    • Sport
    • Tree planting
    • Digital Connectivity

    Sub-theme – Development of visitor economy

    2. City Events Programme

    Sub-theme – Reduce crime and fear of crime

    3. City Safety

    • City centre lighting
    • Community safety initiatives
    • Parks enhancements

    Priority 2 – Supporting local businesses

    Theme – Support for Businesses

    Sub-theme – Advice and support to business

    1. Preston Business Support programme, including:

    • Innovation & Technology business support
    • Kickstart and Pre-Start up support

    2. Innovation Programme

    • Business research & development programme
    • Decarbonisation support

    3. Community Business support

    • Sustainable Transport
    • Green Energy
    • Supporting Preston Democratic Economy

    Priority 3 – People and Skills

    Theme – Employability

    Sub-theme – Supporting people in and towards employment

    1. Preston Employability Programme

    • Support for those not in education, employment or training (NEET)
    • Breaking down barriers to employment
    • Improving Life Chances learning and skills

    Theme – Skills

    Sub-theme – Employment related skills

    1. Preston Skills Programme

    • Green energy skills
    • Numeracy skills

    MIL OSI United Kingdom

  • MIL-OSI: Synchronoss Joins Russell 2000 Index, Solidifying Position as a Leading Small-Cap SaaS Company

    Source: GlobeNewswire (MIL-OSI)

    BRIDGEWATER, N.J., July 01, 2025 (GLOBE NEWSWIRE) — Synchronoss Technologies, Inc. (“Synchronoss”) (NASDAQ: SNCR), a global leader and innovator in personal cloud platforms, today announced that the company has joined the Russell 2000® Index, effective upon the U.S. market open on June 30, 2025.

    Prior to its inclusion in the Russell 2000 Index, Synchronoss had completed a strategic transformation to become a leading global cloud solutions provider, resulting in a more predictable, stable business model while delivering improved profitability. In the first quarter of 2025, the Company continued to deliver strong financial performance consistent with results seen throughout 2024.

    “We’re pleased to see our operational and strategic progress recognized with our addition to the Russell 2000,” said Jeff Miller, President and CEO of Synchronoss. “We believe that we have a significantly more resilient and predictable model after the conclusion of our pivot to a high-margin, Cloud-only SaaS business, and are well positioned to generate attractive returns for our stakeholders going forward.”

    For more information on the Russell 2000® Index and the Russell indexes reconstitution, go to the “Russell Reconstitution” section on the FTSE Russell website.

    About Synchronoss
    Synchronoss Technologies (Nasdaq: SNCR), a global leader in personal Cloud solutions, empowers service providers to establish secure and meaningful connections with their subscribers. Our SaaS Cloud platform simplifies onboarding processes and fosters subscriber engagement using artificial intelligence (AI), machine learning and other advanced features, resulting in enhanced revenue streams, reduced expenses, and faster time-to-market. Millions of subscribers trust Synchronoss to safeguard their most cherished memories and important digital content. Explore how our Cloud-focused solutions redefine the way you connect with your digital world at www.synchronoss.com.

    About FTSE Russell
    An LSEG Business, FTSE Russell is a global index leader that provides innovative benchmarking, analytics and data solutions for investors worldwide. FTSE Russell calculates thousands of indexes that measure and benchmark markets and asset classes in more than 70 countries, covering 98% of the investable market globally. FTSE Russell index expertise and products are used extensively by institutional and retail investors globally. Approximately $18.1 trillion is benchmarked to FTSE Russell indexes. Leading asset owners, asset managers, ETF providers and investment banks choose FTSE Russell indexes to benchmark their investment performance and create ETFs, structured products and index-based derivatives. A core set of universal principles guides FTSE Russell index design and management: a transparent rules-based methodology is informed by independent committees of leading market participants. FTSE Russell is focused on applying the highest industry standards in index design and governance and embraces the IOSCO Principles. FTSE Russell is also focused on index innovation and customer partnerships as it seeks to enhance the breadth, depth and reach of its offering.

    FTSE Russell is wholly owned by London Stock Exchange Group. For more information, visit FTSE Russell.

    Media Relations Contact:
    Domenick Cilea
    Springboard
    dcilea@springboardpr.com

    Investor Relations Contact:
    Ryan Gardella
    ICR INC.
    ryan.gardella@icrinc.com

    The MIL Network

  • MIL-OSI: Bishop Street Underwriters Acquires Aerospace Insurance Managers from Hallmark Financial

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, July 01, 2025 (GLOBE NEWSWIRE) — Bishop Street Underwriters (“Bishop Street”), a RedBird Capital Partners portfolio company, today announced that it has acquired Aerospace Insurance Managers (“AIM”), a general aviation insurance services provider, from Hallmark Financial (“Hallmark”). This acquisition marks Bishop Street’s entry into the aviation insurance market, strengthening its differentiated MGA platform with an expanded portfolio of specialized client solutions. Financial terms of the deal were not disclosed.

    AIM provides general aviation coverage for aircraft hull, aircraft and airport liability, with a focus on small aircrafts flown for pleasure or business, as well as hangar owners, FBO operators, private and municipal airports, and flight school and charter operators. Operating across 47 states, AIM will benefit from the resources and commitment to underwriting profitability offered by the Bishop Street platform, enabling improved service quality for clients and new business expansion opportunities. AIM’s 16-person team will continue to offer A+ rated coverage and be led by Sean Kelley, Vice President – Chief Underwriting Officer, and Randy Kasen, Vice President – Business Development and Operations, providing quality underwriting services to clients across the country.

    “AIM is entering an exciting new chapter, powered by access to new strategic partners and capital resources,” said Sean Kelley. “Joining the Bishop Street platform significantly strengthens our team’s capabilities, allowing us to expand our reach and positioning us to grow our business while continuing to provide top-tier client service.”

    Randy Kasen added, “Bishop Street has created a strong home base for operators like us, who provide tailored services to specific audiences and want access to a wider spectrum of resources and business development opportunities. The team’s commitment to innovation and growth couldn’t be more complementary to our goals for the future of AIM, and we look forward to seeing what comes next.”

    “We are pleased to welcome AIM to Bishop Street, maintaining our positive momentum and setting the stage for our continued expansion,” said Chad Weber, President of Bishop Street. “The team brings specialized expertise, strong capacity partners and an excellent reputation to our platform, further diversifying our portfolio and advancing our commitment to aligning with the best of the best in the insurance industry.”

    Mike Zabik, Partner of RedBird Capital, said, “The acquisition of AIM adds another high-performing, niche insurance provider to the portfolio to complement the firm’s existing business lines and create opportunities to continue scaling Bishop Street’s unique platform. Bishop Street continues to grow rapidly, fueled by opportunistic acquisitions and a unique ability to execute on strategic lift outs of specialty underwriting teams. Following the acquisition of AIM, Bishop Street has successfully completed three carrier carveouts in less than two years.”

    This acquisition follows a series of key strategic developments for Bishop Street, including the acquisitions of Landmark Underwriting, Ethos Specialty’s Transactional Liability unit, Conifer Insurance Services, Ahoy!, an investment in Verve Services and the establishment of partnerships with Skyward Specialty Insurance and Topsail Re.

    Raymond James & Associates, Inc. served as the exclusive financial advisor and Olshan Frome Wolosky LLP provided legal counsel to Hallmark. Fried, Frank, Harris, Shriver & Jacobson LLP and McDermott Will & Emery LLP provided legal counsel to Bishop Street Underwriters.

    About Bishop Street
    Bishop Street Underwriters, a RedBird Capital portfolio company, seeks to partner with Managing General Agents (“MGAs”) as well as niche underwriting teams. Bishop Street aims to combine their best-in-class (re)insurance executive team’s vision with RedBird’s strong track record, expertise and network in the financial services sector to build a differentiated platform that is uniquely positioned to capitalize on secular growth tailwinds in the industry. For more information, please go to www.bishopstreetuw.com.

    About RedBird Capital Partners
    RedBird Capital Partners is a private investment firm that builds high-growth companies with strategic capital solutions to founders and entrepreneurs. The firm currently manages $12 billion in assets on behalf of a global group of blue chip institutional and family office investors. Founded in 2014 by Gerry Cardinale, RedBird integrates sophisticated private equity investing with a hands-on business building mandate that focuses on three core industry verticals – Financial Services, Sports and Media & Entertainment. Over his 30-year investment career, Cardinale has partnered with founders and entrepreneurs to build some of the most iconic growth companies in their respective industries. For more information, please go to www.redbirdcap.com.

    Media Contacts
    Bishop Street 
    Dan Gagnier
    Gagnier Communications
    bishopstreet@gagnierfc.com
    646.569.5897

    The MIL Network

  • MIL-OSI: Bishop Street Underwriters Acquires Aerospace Insurance Managers from Hallmark Financial

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, July 01, 2025 (GLOBE NEWSWIRE) — Bishop Street Underwriters (“Bishop Street”), a RedBird Capital Partners portfolio company, today announced that it has acquired Aerospace Insurance Managers (“AIM”), a general aviation insurance services provider, from Hallmark Financial (“Hallmark”). This acquisition marks Bishop Street’s entry into the aviation insurance market, strengthening its differentiated MGA platform with an expanded portfolio of specialized client solutions. Financial terms of the deal were not disclosed.

    AIM provides general aviation coverage for aircraft hull, aircraft and airport liability, with a focus on small aircrafts flown for pleasure or business, as well as hangar owners, FBO operators, private and municipal airports, and flight school and charter operators. Operating across 47 states, AIM will benefit from the resources and commitment to underwriting profitability offered by the Bishop Street platform, enabling improved service quality for clients and new business expansion opportunities. AIM’s 16-person team will continue to offer A+ rated coverage and be led by Sean Kelley, Vice President – Chief Underwriting Officer, and Randy Kasen, Vice President – Business Development and Operations, providing quality underwriting services to clients across the country.

    “AIM is entering an exciting new chapter, powered by access to new strategic partners and capital resources,” said Sean Kelley. “Joining the Bishop Street platform significantly strengthens our team’s capabilities, allowing us to expand our reach and positioning us to grow our business while continuing to provide top-tier client service.”

    Randy Kasen added, “Bishop Street has created a strong home base for operators like us, who provide tailored services to specific audiences and want access to a wider spectrum of resources and business development opportunities. The team’s commitment to innovation and growth couldn’t be more complementary to our goals for the future of AIM, and we look forward to seeing what comes next.”

    “We are pleased to welcome AIM to Bishop Street, maintaining our positive momentum and setting the stage for our continued expansion,” said Chad Weber, President of Bishop Street. “The team brings specialized expertise, strong capacity partners and an excellent reputation to our platform, further diversifying our portfolio and advancing our commitment to aligning with the best of the best in the insurance industry.”

    Mike Zabik, Partner of RedBird Capital, said, “The acquisition of AIM adds another high-performing, niche insurance provider to the portfolio to complement the firm’s existing business lines and create opportunities to continue scaling Bishop Street’s unique platform. Bishop Street continues to grow rapidly, fueled by opportunistic acquisitions and a unique ability to execute on strategic lift outs of specialty underwriting teams. Following the acquisition of AIM, Bishop Street has successfully completed three carrier carveouts in less than two years.”

    This acquisition follows a series of key strategic developments for Bishop Street, including the acquisitions of Landmark Underwriting, Ethos Specialty’s Transactional Liability unit, Conifer Insurance Services, Ahoy!, an investment in Verve Services and the establishment of partnerships with Skyward Specialty Insurance and Topsail Re.

    Raymond James & Associates, Inc. served as the exclusive financial advisor and Olshan Frome Wolosky LLP provided legal counsel to Hallmark. Fried, Frank, Harris, Shriver & Jacobson LLP and McDermott Will & Emery LLP provided legal counsel to Bishop Street Underwriters.

    About Bishop Street
    Bishop Street Underwriters, a RedBird Capital portfolio company, seeks to partner with Managing General Agents (“MGAs”) as well as niche underwriting teams. Bishop Street aims to combine their best-in-class (re)insurance executive team’s vision with RedBird’s strong track record, expertise and network in the financial services sector to build a differentiated platform that is uniquely positioned to capitalize on secular growth tailwinds in the industry. For more information, please go to www.bishopstreetuw.com.

    About RedBird Capital Partners
    RedBird Capital Partners is a private investment firm that builds high-growth companies with strategic capital solutions to founders and entrepreneurs. The firm currently manages $12 billion in assets on behalf of a global group of blue chip institutional and family office investors. Founded in 2014 by Gerry Cardinale, RedBird integrates sophisticated private equity investing with a hands-on business building mandate that focuses on three core industry verticals – Financial Services, Sports and Media & Entertainment. Over his 30-year investment career, Cardinale has partnered with founders and entrepreneurs to build some of the most iconic growth companies in their respective industries. For more information, please go to www.redbirdcap.com.

    Media Contacts
    Bishop Street 
    Dan Gagnier
    Gagnier Communications
    bishopstreet@gagnierfc.com
    646.569.5897

    The MIL Network

  • MIL-OSI: Duos Technologies added to Russell Microcap® Index

    Source: GlobeNewswire (MIL-OSI)

    JACKSONVILLE, Fla., July 01, 2025 (GLOBE NEWSWIRE) — Duos Technologies Group, Inc. (“Duos” or the “Company”) (Nasdaq: DUOT), was added as a member of the Russell Microcap® Index, effective after the US market opened on June 30 as part of the 2025 Russell indexes reconstitution, according to the FTSE Russell website.

    The annual Russell US Indexes reconstitution captures the 4,000 largest US stocks as of Wednesday, April 30th, ranking them by total market capitalization. Membership in the Russell Microcap® Index, which remains in place for one year, means automatic inclusion in the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes.

    “Being included in the Russell Microcap® Index marks a significant achievement for Duos and reflects the growing momentum behind our strategic initiatives,” said Adrian Goldfarb, Chief Financial Officer of Duos. “This inclusion increases our visibility with institutional investors and highlights the progress we’ve made in building a financially disciplined, innovation-driven company. With strong traction across our core AI inspection business and the expanding potential of Duos Edge AI, particularly in deploying scalable edge data centers to underserved markets, we’re well-positioned for long-term growth and look forward to engaging a broader investor base.”

    Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Russell’s US indexes serve as the benchmark for about $10.6 trillion in assets as of the close of June 2024. Russell indexes are part of FTSE Russell, the global index provider.

    For more information on the Russell Microcap® Index and the Russell indexes reconstitution, go to the “Russell Reconstitution” section on the FTSE Russell website.

    About Duos Technologies Group, Inc.
    Duos Technologies Group, Inc. (Nasdaq: DUOT), based in Jacksonville, Florida, through its wholly owned subsidiaries, Duos Technologies, Inc., Duos Edge AI, Inc., and Duos Energy Corporation, designs, develops, deploys and operates intelligent technology solutions for Machine Vision and Artificial Intelligence (“AI”) applications including real-time analysis of fast-moving vehicles, Edge Data Centers and power consulting. For more information, visit www.duostech.com , www.duosedge.ai and www.duosenergycorp.com.

    About FTSE Russell, an LSEG Business
    FTSE Russell is a global index leader that provides innovative benchmarking, analytics and data solutions for investors worldwide. FTSE Russell calculates thousands of indexes that measure and benchmark markets and asset classes in more than 70 countries, covering 98% of the investable market globally. FTSE Russell index expertise and products are used extensively by institutional and retail investors globally. Approximately $18.1 trillion is benchmarked to FTSE Russell indexes. Leading asset owners, asset managers, ETF providers and investment banks choose FTSE Russell indexes to benchmark their investment performance and create ETFs, structured products and index-based derivatives.

    A core set of universal principles guides FTSE Russell index design and management: a transparent rules-based methodology is informed by independent committees of leading market participants. FTSE Russell is focused on applying the highest industry standards in index design and governance and embraces the IOSCO Principles. FTSE Russell is also focused on index innovation and customer partnerships as it seeks to enhance the breadth, depth and reach of its offering.

    FTSE Russell is wholly owned by London Stock Exchange Group. 

    For more information, visit FTSE Russell.

    Forward- Looking Statements
    This news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, regarding, among other things our plans, strategies and prospects — both business and financial. Although we believe that our plans, intentions and expectations reflected in or suggested by these forward-looking statements are reasonable, we cannot assure you that we will achieve or realize these plans, intentions or expectations. Forward-looking statements are inherently subject to risks, uncertainties and assumptions. Many of the forward-looking statements contained in this news release may be identified by the use of forward-looking words such as “believe,” “expect,” “anticipate,” “should,” “planned,” “will,” “may,” “intend,” “estimated,” and “potential,” among others. Important factors that could cause actual results to differ materially from the forward-looking statements we make in this news release include market conditions and those set forth in reports or documents that we file from time to time with the United States Securities and Exchange Commission. We do not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in our expectations or any change in events, conditions or circumstances on which any such statement is based, except as required by law. All forward-looking statements attributable to Duos Technologies Group, Inc. or a person acting on its behalf are expressly qualified in their entirety by this cautionary language.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/b55faf3b-a6e9-4b1e-8c1f-6ccb0ea91bc4.

    This press release was published by a CLEAR® Verified individual.

    The MIL Network

  • MIL-OSI United Kingdom: Roadmap unveiled to boost rights for half of all UK workers and provide certainty to employers

    Source: United Kingdom – Executive Government & Departments

    Press release

    Roadmap unveiled to boost rights for half of all UK workers and provide certainty to employers

    Government publishes the Employment Rights Bill Implementation Roadmap, setting out timelines for measures in the Bill coming into effect.

    ·       Comprehensive roadmap for Employment Rights Bill to raise living standards across the country whilst giving employers and workers the time to adapt.    

    ·       Sets out timelines for new landmark rights with 15 million, or half of all, workers set to start benefitting from later this year.  

    ·       Government will continue to consult with employers, workers and trade unions to ensure the best deal for growth and boosting living standards in line with the Plan for Change.     

    The Government has today (Tuesday 1 July) unveiled its comprehensive roadmap setting out how it will deliver its new package of workers’ rights through the plan to Make Work Pay.    

    Landmark changes delivered through the Employment Rights Bill including sick pay for 1.3 million of the lowest earners and day one rights to parental and paternity leave will be introduced for the first time from early next year, demonstrating the government’s determination to boost living standards and protections for millions, whilst giving employers the certainty they need to plan for future changes.  

    It also announces that the new Fair Work Agency will launch from early next year, creating a level-playing field so rogue employers cannot undercut good businesses who comply with the law.  

    Informed by more than 190 pieces of engagement with businesses and other crucial stakeholders over the last 12 months, a phased approach was taken to give workers clarity and employers time to prepare. Key measures in the Bill will come into effect in 2026 and 2027, whilst further consultations are planned from this year into next.  

    The reforms are a key part of the Government’s Plan for Change – the mission to make the country fit for the future by kick-starting economic growth and boosting productivity.    

    Deputy Prime Minister Angela Rayner said:     

    We’re working fast to deliver our promise of better living standards and more money in the pockets of working people as part of our Plan for Change.  

    These landmark reforms will kick in within months, demonstrating our commitment to making work pay for millions of workers across the country and delivering real change.

    Business Secretary Jonathan Reynolds said:     

    The Employment Rights Bill is a core part of the Plan for Change, directly benefiting half of all workers and boosting living standards across the country.     

     Since the beginning, we have been working with businesses big and small to ensure this Bill works for them, and this roadmap will now give them the clarity and certainty they need to plan, invest and grow.      

     By phasing implementation, our collaborative approach balances meaningful worker protections with the practical realities of running a successful business, creating more productive workplaces where both employees and employers can thrive. 

    Whether you’re a worker, an employer in the public or private sector, a trade union, a representative organisation, or from civil society, a wide range of voices have helped shape this Bill.     

    Delivering change that works for everyone remains a priority, which is why the Government will continue to consult with business groups, employers, workers and trade unions in phases on the detail of the measures, beginning this summer and continuing into the new year.      

    The rollout of all measures will follow a structured timeline, so that stakeholders can plan their time and resources to make sure they are ready when the changes come into effect. Highlights of the roadmap include:     

    After the bill is passed: 

    • Immediate repeal of the strikes (minimum service levels) act 2023 and the majority of the trade union act 2016 to create a better relationship with unions that will prevent the need for strikes. 

    • Protections against dismissal for taking industrial action to ensure workers can defend their rights without fear of losing their jobs. 

    April 2026: 

    • Collective redundancy protective award – doubling the maximum period of the protective award to provide stronger financial security for workers facing mass redundancies. 

    • ‘Day one’ paternity leave and unpaid parental leave to support working families from the very start of employment. 

    • Whistleblowing protections to encourage reporting of wrongdoing without fear of retaliation. 

    • Fair work agency established to enforce labour rights and promote fairness in the workplace. 

    • Statutory sick pay – removing the lower earnings limit and waiting period to ensure all workers can afford to recover from illness without financial hardship. 

    • A package of trade union measures including simplifying trade union recognition process and electronic and workplace balloting to strengthen democracy and participation in the workplace. 

    October 2026: 

    • Ending unscrupulous fire and rehire practices to protect workers from being forced into worse terms under threat of dismissal. 

    • Regulations to establish the fair pay agreement adult social care negotiating body in England to raise standards and pay in the social care sector.  

    • Tightening tipping law – strengthen the law on tipping by mandating consultation with workers to ensure fairer tip allocation. 

    • Requiring employers to take “all reasonable steps” to prevent sexual harassment of their employees to create safer, more respectful workplaces. 

    • Introducing an obligation on employers not to permit the harassment of their employees by third parties to extend protections to all work environments, including public-facing roles. 

    • A package of trade union measures including new rights and protections for trade union representatives, extending protections against detriments for taking industrial action and strengthening trade unions’ right of access. 

    2027: 

    • Gender pay gap and menopause action plans (introduced on a voluntary basis in April 2026) to promote gender equality and support women’s health in the workplace. 

    • Enhanced dismissal protections for pregnant women and new mothers to safeguard job security during pregnancy, maternity leave and a return-to-work period. 

    • Further harassment protections, specifying reasonable steps which will help determine whether an employer has taken all reasonable steps to prevent sexual harassment to provide clearer guidance and stronger enforcement against harassment. 

    • Creating a modern framework for industrial relations to build a fairer, more collaborative approach to workplace relations. 

    • Bereavement leave to give workers time to grieve with job security. 

    • Ending the exploitative use of zero hours contracts to provide workers with stable hours and predictable income. 

    • ‘Day 1’ right to protection from unfair dismissal to ensure all workers are treated fairly from the start of employment. 

    • Improving access to flexible working to help people balance work with family, health, and other responsibilities. 

    To ensure employers and workers are in the best possible position when these measures come into effect, the Government will produce clear and comprehensive guidance to help organisations navigate the changes. This guidance will be made available in advance of implementation deadlines to allow time for familiarisation and preparation.     

    The Government will also work closely with Acas which will play a crucial role in both implementation of the new measures and continuing to provide support to employers and workers moving forward.      

    By taking a phased and measured approach to implementation, the Government aims to create lasting positive change to employment rights in the UK that works for both workers and businesses.    

    Peter Cheese, chief executive of the CIPD, the professional body for HR and people development, commented:  

    We asked for a clear plan from the government, so we’re pleased to see this roadmap launched today, which will give employers some more clarity to prepare for the biggest set of workplace reforms in decades.   

    We’re pleased to see that the measures are being phased in gradually over many months. This will give more time for further consultation on key points of detail, and organisations more time to update their policies and practices.   

    It’s positive to see the recognition of the critical role for Acas in supporting employers to comply with the new measures. We will work with the government to help provide the guidance the HR profession and managers need to implement the upcoming changes. Small businesses in particular will need clear advice and guidance to help them comply.

    TUC general secretary Paul Nowak said: 

    After the failed era of insecure work and squeezed living standards, the Employment Rights Bill is badly needed. Banning exploitative zero hours contracts, giving workers a stronger voice and ending fire and rehire are all common-sense and popular reforms. 

    It’s welcome that workers will start to benefit from these long overdue changes from later this year – but this timetable must be a backstop. We need to see these new rights in action as soon as possible. Decent employers don’t need to wait for the law to change. They should be working with staff and unions right now to introduce these changes as quickly as possible.  

    It’s time to level up Britain’s workplaces and end the scourge of insecure work.

    Co-op Group CEO Shirine Khoury-Haq said: 

    The Co-op is supportive of the Government’s ambitions to strengthen rights for workers through the Employment Rights Bill – as the world’s oldest and UK’s largest consumer co-operative, doing right by our 54,000 colleagues is core to our approach to doing good business. 

    We are convinced that treating employees well promotes productivity – it helps employers recruit, develop and retain the talent they need.  Working in partnership with Government we believe this Bill is a once in a generation opportunity to ensure all workers are treated fairly whoever their employer might be.

    Neil Carberry, Recruitment and Employment Confederation (REC) Chief Executive, said:  

    This clear timeline on the Employment Rights Bill gives room for full and frank consultation on how the new rules will be structured. It also gives businesses important time to plan.  

    Now we have the roadmap, ongoing and meaningful engagement will be critical to ensuring new regulations allow the flexibility workers and companies value to remain. That’s what gives workers freedom and choice, and helps businesses adjust in changeable markets. A clear process which addresses reasonable business concerns about the new rules is essential.  

    The Bill is a real opportunity to update workplace protections in a way that reflects how people work today, but getting the balance right will be crucial to supporting the government’s growth ambitions.

    Acas Chief Executive Niall Mackenzie said:   

    We welcome the publication of the Employment Relations Bill Roadmap, giving clarity to employers and workers on the timescale for these important changes to employment law. At Acas, we know that good workplace relations is at the heart of resilient, successful organisations and good business. It is encouraging to see the government place employment relations at the heart of its plan to grow the economy.  

    Acas will continue to work with the Department for Business and Trade, employers, trades unions and others to support employers and workers. We are proud to be the go-to organisation to help navigate changes to workplace relations through our expert Codes, guidance and freely available advice.

    Kate Nicholls, Chief Executive of UKHospitality, said:  

    Clear and precise timelines on when aspects of this legislation, and the processes to deliver them, will come into force is essential, and it was important that the Government embark on providing clarity. 

    There are substantial changes for businesses in the Employment Rights Bill and it’s right that the Government is using the appropriate implementation periods for the most complex issues for hospitality, in order to get the details right for both businesses and workers.

    Prospect General Secretary Mike Clancy said:  

    With such an important and technical piece of legislation, there is always a balance to be struck between speed and precision, and this sensible timetable ensures that there is sufficient time to make sure the legislation is robust and works as intended.    

    The Bill rightly involves a significant rebalancing of workplace power in favour of employees, and this must lead to improved industrial relations based on constructive working between unions and employers.  

    Ultimately, the big change we need in the labour market is an increase in trade union membership and density in the private sector, and it is welcome that next year will see the lifting of many of the restrictions that have constrained the growth of unions and our ability to represent workers across the economy.

    Community Assistant General Secretary Alasdair McDiarmid said:  

    It’s great that we now have a comprehensive roadmap in place for the Employment Rights Bill.  

    The government has engaged diligently with unions and businesses during the development of the bill, and we are proud to have played a role in shaping what we believe will be a transformative piece of legislation for working people across the UK.  

    We will continue to work closely with the Department for Business and Trade to ensure that the bill is successful, and we would encourage other stakeholders to do the same.

    Gary Smith, GMB General Secretary, said:  

    It is good to see that this Government is matching words with action on trade union rights. There’s always more that can be done, but the Employment Rights Bill represents the biggest improvement in workers’ rights for a generation.  

    GMB members now know when these much-needed improvements will happen – we urge good employers not to wait; do the right thing and make these changes a reality today.

    Notes to editors:     

    ·       Full details of the implementation roadmap are available here.    

    ·       Employment Rights Bill to be implemented in phases, giving employers the time and certainty they need to adapt.    

    ·       Roadmap outlines timelines for delivery, ranging from soon after the Bill is passed to April 2026, October 2026 and 2027.      

    ·       Government will continue to consult with employers, workers and trade unions to ensure the best deal for growth and boosting living standards in line with the Plan for Change.     

    ·       The 15 million workers figure is based on analysis of the Labour Force Survey (October to December 2024) to avoid double counting, and includes workers that will benefit from Unfair Dismissal, Zero Hour Contracts, Statutory Sick Pay, Trade Union changes and Fair Pay Agreements.

    Updates to this page

    Published 1 July 2025

    MIL OSI United Kingdom

  • MIL-OSI: Automotive Tire Pressure Monitoring System Market Set to Hit USD 8.94 Billion in 2024, Accelerating Ahead with a Robust 12.91% CAGR Through 2032 | AnalystView Market Insights

    Source: GlobeNewswire (MIL-OSI)

    San Francisco, USA, July 01, 2025 (GLOBE NEWSWIRE) — Market Dynamics

    The Automotive Tire Pressure Monitoring System (TPMS) market was valued at US$ 8,940.29 million in 2024 and is projected to grow at a robust CAGR of 12.91% from 2025 to 2032, reflecting increasing global emphasis on vehicle safety and performance. This impressive growth trajectory is fueled by a combination of regulatory mandates and consumer demand for enhanced driving safety. As underinflated tires contribute to poor fuel efficiency, tire wear, and accident risk, TPMS is becoming a crucial component in modern vehicles.

    Regulatory mandates across developed economies such as the United States, European Union, Japan, and China have made TPMS installation mandatory in all new vehicles. These regulations are significantly propelling market demand, particularly for Direct TPMS (DTPMS), which offers higher accuracy compared to Indirect TPMS (ITPMS). Furthermore, with the rise in global vehicle production and sales, especially in emerging markets where automotive demand is rapidly increasing, the adoption of Tire Pressure Monitoring Systems (TPMS) as a standard safety feature is becoming more widespread. In 2022, global motor vehicle production reached 85.4 million units, marking a 5.7% increase from 2021, according to the European Automobile Manufacturers Association. Many countries have introduced regulatory mandates requiring TPMS installation to enhance road safety by providing drivers with real-time tire pressure information, thereby reducing the risk of accidents caused by underinflated tires.

    Unlock exclusive insights with our detailed sample report (Please enter your Corporate Email ID to get priority access@ https://www.analystviewmarketinsights.com/request_sample/AV4027

    Key Attributes:

    Report Attributes Details
    No. of Pages 269
    Forecast Period 2025 – 2032
    Estimated Market Value (USD) in 2025 $8,940.29 Million
    Compound Annual Growth Rate (CAGR) 12.91%
    Regions Covered North America (U.S., and Canada)
    Europe (Germany, UK, France, Italy, Spain, The Netherlands, Sweden, Russia, Poland, Rest of Europe)
    Asia Pacific (China, India, Japan, South Korea, Australia, Indonesia, Thailand, Philippines, Rest of APAC)
    Latin America (Brazil, Mexico, Argentina, Colombia, Rest of LATAM)
    The Middle East and Africa (Saudi Arabia, UAE, Israel, Turkey, Algeria, Egypt, Rest of MEA)

    Key Drivers

    1. Stringent Safety Regulations:
      Government regulations worldwide mandating the use of TPMS in new vehicles are a major growth driver. For instance, the U.S. National Highway Traffic Safety Administration (NHTSA) requires TPMS in all passenger vehicles sold post-2007. Similarly, the European Union and countries like China, South Korea, and Japan have enforced comparable safety mandates, accelerating market adoption.
    2. Increasing Focus on Fuel Efficiency:
      Properly inflated tires reduce rolling resistance, which leads to better fuel efficiency. As consumers and fleet operators look to cut fuel costs, TPMS has become a vital tool. In commercial fleets, particularly, optimizing tire pressure can result in substantial savings on fuel and tire maintenance.
    3. Growing Vehicle Production:
      The post-pandemic recovery of the global automotive industry and the continued expansion of electric vehicle (EV) production contribute significantly to TPMS demand. EVs, often equipped with the latest safety tech, are more likely to include TPMS as a standard feature.
    4. Technological Advancements:
      The market is witnessing innovations such as battery-less TPMS, wireless sensors, and systems integrated with advanced driver-assistance systems (ADAS). These enhancements not only improve system reliability but also reduce maintenance requirements, making TPMS more appealing to OEMs and consumers alike.

    Restraints

    1. High Initial Costs:
      TPMS, especially direct systems with individual sensors on each tire, can increase the overall vehicle cost. This price sensitivity is a significant deterrent in cost-conscious markets, particularly in entry-level and budget vehicle segments.
    2. Maintenance and Repair Challenges:
      TPMS components are prone to damage during tire replacement or servicing. Additionally, battery-powered sensors have a limited lifespan, typically around 5-10 years, which may require costly replacements.
    3. Lack of Consumer Awareness in Developing Markets:
      In regions such as parts of Africa, Southeast Asia, and Latin America, awareness regarding the benefits of TPMS is relatively low. This hampers adoption, despite the system’s proven advantages in safety and efficiency.

    Opportunities

    1. Aftermarket Growth:
      The aftermarket TPMS segment presents vast potential, especially as older vehicles are retrofitted to meet safety standards or improve performance. Rising e-commerce penetration is also making it easier for consumers to purchase and install aftermarket solutions.
    2. Electric and Autonomous Vehicles:
      The rising trend of connected vehicles, EVs, and autonomous cars paves the way for more sophisticated tire pressure and health monitoring systems. Manufacturers are developing smart TPMS integrated with telematics and real-time data analytics, providing broader vehicle management capabilities.

    Market segmentation :

    GLOBAL AUTOMOTIVE TIRE PRESSURE MONITORING SYSTEM MARKET, BY PRODUCT TYPE- MARKET ANALYSIS, 2019 – 2032

    • Direct
    • Indirect

    GLOBAL AUTOMOTIVE TIRE PRESSURE MONITORING SYSTEM MARKET, BY VEHICLE TYPE- MARKET ANALYSIS, 2019 – 2032

    • Passenger Vehicles
    • Commercial Vehicles

    GLOBAL AUTOMOTIVE TIRE PRESSURE MONITORING SYSTEM MARKET, BY COMPONENT- MARKET ANALYSIS, 2019 – 2032

    • Sensors
    • Transmitters
    • Receivers
    • Display Units
    • Control Units

    GLOBAL AUTOMOTIVE TIRE PRESSURE MONITORING SYSTEM MARKET, BY SALES CHANNEL- MARKET ANALYSIS, 2019 – 2032

    • OEM
    • Aftermarket

    Regional Insights

    North America

    North America remains a leading market for TPMS, primarily driven by regulatory enforcement and high consumer awareness. The U.S. is the dominant player due to early legislation mandating TPMS and widespread OEM adoption. The region is also a hotspot for aftermarket sales, supported by a well-established automotive service ecosystem.

    Europe

    Europe follows closely, with countries like Germany, France, and the U.K. leading TPMS penetration. The region’s strong focus on vehicle safety and environmental concerns (such as CO2 emission reduction) has fostered widespread TPMS adoption. Moreover, the European Union’s General Safety Regulation (GSR) continues to enforce TPMS requirements across all new vehicle segments.

    Asia-Pacific

    The Asia-Pacific region, led by China, Japan, South Korea, and India, is emerging as the fastest-growing market. China’s TPMS mandate for new vehicles starting 2019 has significantly boosted local demand. Additionally, rising disposable incomes, rapid urbanization, and growing automotive manufacturing hubs in India and Southeast Asia offer enormous growth potential. However, aftermarket awareness and infrastructure still lag behind developed markets.

    Latin America & Middle East Africa

    These regions are in the nascent stages of TPMS adoption. While vehicle ownership is rising, the lack of strict safety norms and consumer education limits the market. Nonetheless, growing automotive imports and gradual economic development are creating long-term opportunities.

     Looking For a Detailed Full Report? Please review it here @ https://www.analystviewmarketinsights.com/reports/report-highlight-automotive-tire-pressure-monitoring-system-market

    Reasons to Invest in the TPMS Market

    1. Global Regulatory Support:
      With safety becoming non-negotiable, TPMS has become a compliance requirement in many parts of the world. Investors can bank on this long-term regulatory support driving consistent demand.
    2. EV Integration and Smart Mobility:
      As electric and smart vehicles become mainstream, integrated TPMS solutions are evolving. These systems go beyond just pressure monitoring—providing tire temperature, wear analysis, and real-time alerts through mobile apps or vehicle dashboards. The synergy with ADAS and IoT provides avenues for value-added services and recurring revenue.
    3. High Growth Potential in Aftermarket:
      Millions of vehicles worldwide still operate without TPMS. This opens a vast aftermarket potential, especially in regions where regulations have recently come into effect or are under proposal. Startups and component suppliers focusing on plug-and-play solutions can capitalize on this underserved segment.
    4. Rising OEM Collaborations and Strategic Partnerships:
      Tier-1 suppliers are collaborating with vehicle manufacturers to embed next-gen TPMS as part of their safety and telematics packages. This trend ensures steady B2B revenue streams and fosters innovation in customized solutions.
    5. Advancements in Sensor Technology:
      The evolution of MEMS (Micro-Electro-Mechanical Systems) and sensor miniaturization is reducing costs while improving performance. This technological edge is lowering entry barriers for new players and making TPMS feasible even for low-cost vehicles.
    6. Fleet Management Optimization:
      For commercial fleets, TPMS offers tangible benefits in maintenance planning, fuel efficiency, and downtime reduction. As logistics and transport companies digitize operations, TPMS becomes an integral component of their fleet health systems—driving up volume demand.

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    The MIL Network

  • MIL-OSI Africa: GAIA AFRICA Appoints Mena Imasekha as General Manager

    GAIA AFRICA (https://GAIAAfricaClub.com ), the premier private business club for Africa’s most influential women leaders, is pleased to announce the appointment of Ms. Mena Imasekha as General Manager, effective immediately. Since its founding in 2018, GAIA AFRICA has become a leading force in the empowerment of female decision-makers across Africa. The Club has facilitated over $10 million in member-to-member business value since 2021, reflecting the power of intentional community and strategic collaboration. 

    Mena joined GAIA AFRICA in June 2021 as Business Development & Operations Manager, where she played a pivotal role in the club’s growth, member engagement, and optimising operations across core business units. Her appointment reflects GAIA AFRICA’s ongoing commitment to excellence in leadership and community-building for women across the continent. 

    An accomplished strategist with a strong background in operations, Mena brings over 15 years of experience spanning wellness, e-commerce, non-profit, and financial services. Her multidisciplinary career has included leadership roles in online sales strategy, social impact fundraising, and executive wellness programming, all with a consistent focus on systems thinking and growth. 

    She previously served as Strategy & Communications Manager at the crowdfunding platform 234Give.com, where she led successful CSR campaigns in partnership with top corporates including FBN Capital, Stanbic IBTC, and Sterling Bank. She has also held advisory and executive positions at Women Impacting Nigeria and Mega Plaza. 

    Mena holds a BSc in Biology from Imperial College London, with further certifications in Integrative Health Coaching and CMAE’s Club Management MDP 1 & MDP 2. Her approach to leadership is rooted in a passion for strategic thinking, wellness and social transformation. 

    “Mena’s deep operational insight and commitment to GAIA’s vision of empowering and supporting female decision makers, make her the right leader for this next chapter,” said Olatowun Candide-Johnson, Founder and CEO of GAIA AFRICA. “She brings not only technical excellence but commitment and a powerful sensitivity to the evolving needs of our members.” 

    In her new role, Mena will oversee day-to-day operations, strategy, and strategic partnerships across GAIA AFRICA and its affiliated lifestyle brand, GABY Lagos. She will report to the CEO, who continues to lead on broader strategic initiatives and future growth for the company. 

    Distributed by APO Group on behalf of Gaia Africa.

    Media Contact: 
    GAIA AFRICA Communications 
    Email: bizops@gaiaafricaclub.com  
    Website: https://GAIAAfricaClub.com 

    MIL OSI Africa

  • Sensex, Nifty end with slight gains as investors remain cautious

    Source: Government of India

    Source: Government of India (4)

    The Indian stock markets ended flat with a slight positive bias on Tuesday, as investors stayed cautious ahead of the US reciprocal tariff deadline on July 8.

    The focus remained on trade negotiations between India and the United States, with a potential trade deal expected this week.

    After touching an intraday high of 83,874.29, the Sensex finally closed at 83,697.29, gaining 90.83 points or 0.11 per cent.

    Similarly, the Nifty added 24.75 points, or 0.1 per cent, to settle at 25,541.8.

    Among the 30-share index, BEL emerged as the top gainer, closing 2.51 per cent higher. Other notable gainers included Asian Paints, Kotak Mahindra Bank, HDFC Bank, Infosys, Titan, and Bharti Airtel.

    On the flip side, Axis Bank, Trent, Eternal (formerly Zomato), Tech Mahindra, ICICI Bank, and TCS were among the top losers.

    The broader market showed mixed signals. The Nifty Midcap100 index ended flat, while the Nifty Smallcap100 slipped slightly, down 0.10 per cent.

    Among sectoral indices, Nifty PSU Bank, Metal, Oil & Gas, Consumer Durables, Healthcare, and Pharma closed in the green. However, sectors like Auto, IT, Energy, FMCG, Media, and Realty declined.

    The total market capitalisation of all listed companies on the NSE stood at Rs 5.36 trillion.

    On the volatility front, the India VIX — which measures market uncertainty — dropped 2.01 per cent to close at 12.5, indicating reduced fear among investors.

    Gold traded positive as continued dollar weakness supported prices. Comex Gold surged by $30 to $3,345, while MCX Gold rose by Rs 1,200 to settle around Rs 97,300.

    “The sentiment remains buoyant this week, driven by expectations around key US economic data, particularly the Non-Farm Payrolls, unemployment figures, and ADP non-farm employment change,” said Jateen Trivedi of LKP Securities.

    Additionally, the rupee traded positive, gaining 0.28 per cent to close at 85.51, supported by a weaker Dollar Index trading below 97.00 and sustained weakness in crude oil prices.

    “Rupee is expected to trade in a range of 85.20 to 85.80,” Trivedi added.

    -IANS

  • MIL-OSI: OTC Markets Group Welcomes AMAROQ MINERALS LTD. to OTCQX

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, July 01, 2025 (GLOBE NEWSWIRE) — OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced AMAROQ MINERALS LTD. (TSX-V: AMRQ; AIM: AMRQ; XICE: AMRQ; OTCQX: AMRQF), an independent mine development corporation, has qualified to trade on the OTCQX® Best Market. AMAROQ MINERALS LTD. upgraded to OTCQX from the Pink® market.

    AMAROQ MINERALS LTD. begins trading today on OTCQX under the symbol “AMRQF.” U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.

    Upgrading to the OTCQX Market is an important step for companies seeking to provide transparent trading for their U.S. investors. For companies listed on a qualified international exchange, streamlined market standards enable them to utilize their home market reporting to make their information available in the U.S. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance and demonstrate compliance with applicable securities laws.

    Eldur Olafsson, Amaroq CEO, commented: 

    “We have enjoyed a strong level of support from U.S. investors to date, and we hope that with the increased visibility of a quotation on the OTCQX, this will continue to grow and expand our global reach, as we execute on our strategy of becoming the proxy for Greenland’s growing mining and infrastructure industries.”

    About AMAROQ MINERALS LTD.
    Amaroq’s principal business objectives are the identification, acquisition, exploration, and development of gold and strategic metal properties in South Greenland. The Company’s principal asset is a 100% interest in the Nalunaq Gold mine. The Company has a portfolio of gold and strategic metal assets in Southern Greenland covering the two known gold belts in the region as well as advanced exploration projects at Stendalen and the Sava Copper Belt exploring for Strategic metals such as Copper, Nickel, Rare Earths and other minerals. Amaroq Minerals is continued under the Business Corporations Act (Ontario) and wholly owns Nalunaq A/S, incorporated under the Greenland Companies Act.

    About OTC Markets Group Inc.
    OTC Markets Group Inc. (OTCQX: OTCM) operates regulated markets for trading 12,000 U.S. and international securities. Our data-driven disclosure standards form the foundation of our public markets: OTCQX® Best Market, OTCQB® Venture Market, OTCID™ Basic Market and Pink Limited™ Market.

    Our OTC Link® Alternative Trading Systems (ATSs) provide critical market infrastructure that broker-dealers rely on to facilitate trading. Our innovative model offers companies more efficient access to the U.S. financial markets. OTC Link ATS, OTC Link ECN, OTC Link NQB, and MOON ATS™ are each SEC regulated ATS, operated by OTC Link LLC, a FINRA and SEC registered broker-dealer, member SIPC. To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com.

    Subscribe to the OTC Markets RSS Feed

    Media Contact:
    OTC Markets Group Inc., +1 (212) 896-4428, media@otcmarkets.com

    The MIL Network

  • MIL-OSI: Close-Up International Appoints Jim Barone as Executive Vice President of Business Solutions to Continue Launch into US Pharma CRM Market

    Source: GlobeNewswire (MIL-OSI)

    PRINCETON, N.J., July 01, 2025 (GLOBE NEWSWIRE) — Close-Up International, a global leading provider of CRM and data technology solutions for the life sciences industry is pleased to announce the appointment of Jim Barone as Executive Vice President of Business Solutions. In this role, Jim will lead efforts to expand Close-Up’s footprint across the U.S. CRM market and drive strategic growth initiatives.

    Jim brings over 30 years of experience in the life sciences sector, with a strong background in pharmaceuticals, data, and emerging technologies. Throughout his career, Jim has been at the forefront of innovation in CRM strategy and advanced analytics solutions. Prior to joining Close-Up, Jim held key leadership roles which included Senior Director of Product Strategy at Veeva Systems and Area VP of Sales at Komodo Health, where he led strategic initiatives to align CRM product development with the needs of key accounts teams and the launch of a market access and claims integration platform tailored for emerging and mid-size pharmaceutical companies, respectively. He was also President and CEO of BusinessOne Technologies for 15+ years and successfully led teams to develop and implement data-driven CRM platforms, delivering scalable and impactful solutions to the pharmaceutical industry.

    “Jim’s proven record and deep industry expertise make him an invaluable addition to our executive team,” said Robert Thomas, CCO of Close-Up. “His vision and leadership will be key as we continue to grow our CRM presence in the United States and deliver market-leading solutions to pharmaceutical companies.” With the current Salesforce and Veeva CRM disruption, we have a tremendous opportunity to provide Pharma companies a proven AI CRM solution with over 245 active CRM clients in over 50 Counties.”

    “I’m excited to join Close-Up at such a transformative moment for our industry,” said Jim Barone. “Close-Up has an exceptional CRM platform and is the only 5-star peer reviewed pharma CRM solution on Gartner in 2025. I look forward to collaborating with the team to further enhance our solutions and support clients in achieving commercial excellence.” Jim’s appointment reflects Close-Up’s continued commitment to innovation, client success, and further expansion in the US pharma CRM technology landscape.

    About Close-Up Intl.,
    Close-Up International is a leading provider of AI-powered CRM, data analytics and business intelligence solutions for the global life sciences industry. With 55+ years in the market, we serve 650+ healthcare clients in over 50 countries with 47,000+ active CRM users and top 3 global pharma CRM providers. Our AI-powered CRM platform enhances engagement with healthcare professionals, identifies real-time opportunities and threats, while boosting overall productivity. Designed for seamless adoption, it offers an intuitive user interface, flexible data integration, and long-term cost benefits to pharmaceutical companies. For more information, visit www.closeupus.com or email us at info@closeupus.com
    Contact:
    Robert Thomas | Close-Up Intl,
    rthomas@closeupus.com
    closeupus.com

    The MIL Network

  • MIL-OSI: Amalgamated Financial Corporation Welcomes Steven S. SaLoutos and Tony Wells to its Board of Directors

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, July 01, 2025 (GLOBE NEWSWIRE) — Amalgamated Financial Corp. (“Amalgamated” or the “Company”) (Nasdaq: AMAL), today announced the addition of two new board members to their Board of Directors, Steven SaLoutos and Tony Wells. They will also serve on the Board of Directors of Amalgamated Bank.

    “We are thrilled to welcome Steven and Tony to our Board of Directors,” said Lynne Fox, Chair of the Board. “Our board has always included industry experts who know that profitability and social impact are not mutually exclusive. Steven and Tony have demonstrated this throughout their respective careers, and we know that they both will make valuable contributions to our board and future growth.”

    Mr. SaLoutos brings extensive expertise in the banking industry and a strong background in directorship. He is presently the Chief Financial Officer of ProSight Financial Association, following a distinguished 38-year career at U.S. Bank, N.A. His most recent position there was Executive Vice President and Midwest Regional Executive in Consumer and Business Banking.

    An active community supporter, Mr. SaLoutos is a member and former Chairperson of Wisconsin Women Business Initiative Corporation (WWBIC), a Community Development Financial Institution (CDFI) focused on startup and early-stage business lending for and education of women and minority-owned businesses throughout Wisconsin. Mr. SaLoutos holds a BBA degree from the University of Wisconsin-Whitewater, and an MBA, from the University of Wisconsin-Madison.

    Mr. Wells brings nearly four decades of executive leadership across highly regulated industries including banking, payment services, telecommunications, and energy. He currently serves as a Venture Partner at AZ-VC, Arizona’s largest venture capital fund, and sits on the boards of publicly traded Nexstar Media Group (NASDAQ: NXST), Yelp (NYSE: YELP) and private ad-tech company TripleLift.

    Previously, Mr. Wells served as Chief Media Officer at Verizon from 2021 to 2023, and as a senior marketing executive at USAA from 2017 to 2021, culminating in his role as Chief Brand Officer. While at USAA, he also chaired both the USAA Foundation and the USAA Education Foundation, advancing initiatives in financial literacy, diversity, and customer trust. A former Marine Corps infantry officer, Mr. Wells holds a B.S. from the United States Naval Academy and a Management Certificate from Johns Hopkins University Carey School of Business.

    “Both men bring a wealth of expertise across multiple industries and disciplines, along with powerful strategic perspectives. Their insights will be invaluable as we continue to accelerate our growth and expand our impact.” said Priscilla Sims Brown, CEO of Amalgamated Bank

    “The passion and purpose they’ve demonstrated align with those of Amalgamated, and we are excited to welcome them as valued members of our board.”

    About Amalgamated Financial Corp:
    Amalgamated Financial Corp. is a Delaware public benefit corporation and a bank holding company engaged in commercial banking and financial services through its wholly owned subsidiary, Amalgamated Bank. Amalgamated Bank is a New York-based full-service commercial bank and a chartered trust company with a combined network of five branches across New York City, Washington D.C., and San Francisco, and a commercial office in Boston. Amalgamated Bank was formed in 1923 as Amalgamated Bank of New York by the Amalgamated Clothing Workers of America, one of the country’s oldest labor unions. Amalgamated Bank provides commercial banking and trust services nationally and offers a full range of products and services to both commercial and retail customers. Amalgamated Bank is a proud member of the Global Alliance for Banking on Values and is a certified B Corporation®. As of March 31, 2025, our total assets were $8.3 billion, total net loans were $4.6 billion, and total deposits were $7.4 billion. Additionally, as of March 31, 2025, our trust business held $35.7 billion in assets under custody and $14.2 billion in assets under management.

    Investor Contact:
    Jamie Lillis
    Solebury Strategic Communications
    shareholderrelations@amalgamatedbank.com
    800-895-4172

    The MIL Network

  • MIL-OSI United Kingdom: Statement on behalf of the 14th Tata Steel / Port Talbot Transition Board

    Source: United Kingdom – Executive Government & Departments

    News story

    Statement on behalf of the 14th Tata Steel / Port Talbot Transition Board

    The fourteenth Tata Steel / Port Talbot Transition Board met on 26th June 2025.

    The Secretary of State for Wales, Rt Hon Jo Stevens MP, in her role as Chair of the Transition Board sought endorsement from the Board for the development of an £11.67 million Economic Growth and Investment Fund.  £6.67 million will be provided by UK Government and £5 million from Tata Steel UK. This joint funding is aimed to boost inward business investment in the region and to support longer-term growth by supporting businesses and helping to create new jobs. A period of engagement will take place to design the fund over the coming weeks, with the fund going live in the autumn.

    Today’s release of money marks the full allocation of the UK Government’s £80 million contribution from the Tata Steel / Port Talbot Transition Board fund. This funding has been delivered in just under a year, clearly demonstrating this Government’s commitment to the community impacted by Tata Steel UK’s transition to greener steelmaking. We are already seeing the positive impact of this investment to those impacted. The Board will continue to monitor the progress of the funds and ensure the right support continues to be administered to the region.

    The Board also received updates on:

    • Tata Steel UK’s decarbonisation programme;
    • The Department of Business and Trade’s plans for a steel strategy;
    • Mental health and well-being;
    • The Transition Board funds that have already been announced.

    Those in attendance included: Rt Hon Jo Stevens MP, Secretary of State for Wales; Rebecca Evans MS, Cabinet Secretary for Economy, Energy & Planning in the Welsh Government; Alex Norris MP, Parliamentary Under-Secretary for MHCLG; Cllr Steven Hunt, Leader of Neath Port Talbot Council; Frances O’Brien, CEO of Neath Port Talbot Council; Rajesh Nair, CEO of Tata Steel UK; Chris Jaques, Chief HR Officer, Tata Steel UK; Stephen Kinnock, MP for Aberafan Maesteg; David Rees, MS for Aberavon; Tom Giffard, MS & Luke Fletcher MS for the region of South Wales West; Anne Jessopp CBE, Sarah Williams-Gardener & Katherine Bennett CBE, independent members of the Board; Alun Davies, National Officer for Steel & Metals, Community Union; Tom Hoyles, Politics, Press and Research Officer, GMB Wales & Jason Bartlett Regional Officer of Unite the Union Wales.

    Updates to this page

    Published 1 July 2025

    MIL OSI United Kingdom

  • MIL-OSI USA: DBEDT NEWS RELEASE: Visitor Arrivals and Expenditures Increased in May 2025

    Source: US State of Hawaii

    DBEDT NEWS RELEASE: Visitor Arrivals and Expenditures Increased in May 2025

    Posted on Jun 30, 2025 in Latest Department News, Newsroom

    STATE OF HAWAIʻI

    KA MOKU ʻĀINA O HAWAIʻI

     

    JOSH GREEN, M.D.
    GOVERNOR

    KE KIAʻĀINA

    DEPARTMENT OF BUSINESS, ECONOMIC DEVELOPMENT AND TOURISM

    KA ʻOIHANA HOʻOMOHALA PĀʻOIHANA, ʻIMI WAIWAI A HOʻOMĀKAʻIKAʻI

     

    RESEARCH AND ECONOMIC ANALYSIS DIVISION

     

    JAMES KUNANE TOKIOKA

    DIRECTOR

    KA LUNA HOʻOKELE

     

    VISITOR ARRIVALS AND EXPENDITURES INCREASED IN MAY 2025

     

    FOR IMMEDIATE RELEASE

    June 30, 2025

     

    HONOLULU – According to preliminary statistics from the Department of Business, Economic Development and Tourism (DBEDT), total visitor arrivals and total visitor spending in May 2025 increased compared to May 2024. There were 771,038 visitors to the Hawaiian Islands in May 2025, up slightly by 1.0 percent from the same month last year. Total visitor spending measured in nominal dollars was $1.68 billion, a 3.7 percent growth from May 2024. May 2025 total visitor arrivals represent a 91.0 percent recovery compared to pre-pandemic May 2019 and total visitor spending was higher than May 2019 ($1.41 billion, +18.9%).

    In May 2025, 766,377 visitors arrived by air service, mainly from the U.S. West and U.S. East. Additionally, 4,661 visitors came via out-of-state cruise ships. In comparison, 757,841 visitors (+1.1%) arrived by air and 5,420 visitors (-14.0%) came by cruise ships in May 2024, and 836,058 visitors (-8.3%) arrived by air and 11,338 visitors (-58.9%) came by cruise ships in May 2019. The average length of stay by all visitors in May 2025 was 8.47 days, compared to 8.51 days (-0.5%) in May 2024 and 8.37 days (+1.2%) in May 2019. The statewide average daily census was 210,695 visitors in May 2025, compared to 209,543 visitors (+0.5%) in May 2024 and 228,768 visitors (-7.9%) in May 2019.

    In May 2025, 411,318 visitors arrived from the U.S. West, an increase compared to May 2024 (403,981 visitors, +1.8%) and May 2019 (387,844 visitors, +6.1%). U.S. West visitor spending of $831.1 million grew from May 2024 ($767.9 million, +8.2%) and was much higher than May 2019 ($564.0 million, +47.4%). Daily spending by U.S. West visitors in May 2025 ($248 per person) was up compared to May 2024 ($233 per person, +6.4%) and was considerably more than May 2019 ($174 per person, +42.7%).

    In May 2025, 207,445 visitors arrived from the U.S. East, a decline from May 2024 (209,711 visitors, -1.1%), but an increase compared to May 2019 (199,344 visitors, +4.1%). U.S. East visitor spending of $540.5 million rose slightly from May 2024 ($539.4 million, +0.2%) and was much greater than May 2019 ($392.4 million, +37.7%). Daily spending by U.S. East visitors in May 2025 ($279 per person) was higher than May 2024 ($274 per person, +1.8%) and up significantly from May 2019 ($211 per person, +32.3%).

    There were 45,895 visitors from Japan in May 2025, a slight drop from May 2024 (46,124 visitors, -0.5%) and much lower than May 2019 (113,226 visitors, -59.5%). Visitors from Japan spent $67.1 million in May 2025, compared to $68.4 million (-1.8%) in May 2024 and $162.4 million (-58.7%) in May 2019. Daily spending by Japanese visitors in May 2025 ($244 per person) was higher than May 2024 ($237 per person, +3.0%) and similar to May 2019 ($244 per person, +0.3%).

    In May 2025, 18,672 visitors arrived from Canada, a decrease compared to May 2024 (20,301 visitors, -8.0%) and May 2019 (26,424 visitors, -29.3%). Visitors from Canada spent $40.0 million in May 2025, down from May 2024 ($44.6 million, -10.2%) and May 2019 ($48.3 million, -17.1%). Daily spending by Canadian visitors in May 2025 ($221 per person) was lower than May 2024 ($225 per person, -1.7%), but considerably more than May 2019 ($170 per person, +29.8%).

    There were 83,047 visitors from all other international markets in May 2025, which included visitors from Oceania, Other Asia, Europe, Latin America, Guam, the Philippines, and the Pacific Islands. In comparison, there were 77,725 visitors (+6.8%) from all other international markets in May 2024 and 109,220 visitors (-24.0%) in May 2019.

    In May 2025, a total of 4,771 transpacific flights with 1,060,288 total seats serviced the Hawaiian Islands. There was a similar number of total flights (4,770, 0.0%) but fewer total seats (1,070,804, -1.0%) compared to May 2024. Air capacity in May 2025 decreased in comparison to May 2019 (5,085 total flights, -6.2% with 1,118,421 total seats, -5.2%).

    Year-to-Date 2025

     A total of 4,060,004 visitors arrived in the first five months of 2025, which was a 2.8 percent growth from 3,949,483 visitors in the first five months of 2024. Total arrivals declined 3.9 percent when compared to 4,224,071 visitors in the first five months of 2019.

    In the first five months of 2025, total visitor spending was $8.99 billion, which was an increase compared to $8.44 billion (+6.5%) in the first five months of 2024 and $7.23 billion (+24.3%) in the first five months of 2019.

    VIEW FULL NEWS RELEASE AND TABLES

     

    Statement by DBEDT Director James Kunane Tokioka

    May 2025 saw a modest increase in total visitors (+1.0%), led by growth from the U.S. West, which offset fewer arrivals from U.S. East (-1.1%), Japan (-0.5%) and Canada (-8.0%). Visitor expenditures in May 2025 were higher compared to May 2024.

    As we go into the summer months, air service from U.S., Japan and Canada is scheduled to decrease. Combined with political and economic uncertainties, both nationally and globally, we are expecting to see a soft summer. We have been hearing from our partners that the average booking window for a trip to Hawai‘i is about 120 days, however, they are still seeing bookings in the month for the month.

     

     

    # # #

     

     

    Media Contacts:

     

    Laci Goshi

    Communications Officer

    Department of Business, Economic Development and Tourism

    Cell: 808-518-5480

    Email: [email protected]

     

    Jennifer Chun

    Director of Tourism Research

    Department of Business, Economic Development and Tourism

    Phone: 808-973-9446

    Email: [email protected]

    MIL OSI USA News

  • MIL-OSI Africa: Operation Shanela nets 15 248 suspects

    Source: South Africa News Agency

    Operation Shanela nets 15 248 suspects

    Operation Shanela has netted over 15 000 suspects around the country in its latest sting, said the South African Police Service (SAPS).

    As part of a nationwide move to combat and prevent crime, 15 248 suspects were arrested for various crimes.  

    These crime-fighting activities included tracking operations, roadblocks, high visibility patrols, stop and searches, as well as tracing of wanted suspects. 

    According to the police, 2 441 wanted suspects were arrested for various serious and violent crimes such as murder, attempted murder, rape, business and house robberies. Additionally, 170 suspects were arrested for murder with KwaZulu-Natal recording the highest figure (47), followed by Gauteng (34) and the Western Cape (32).

    Police also arrested 106 suspects for attempted murder and 145 people for rape. A total 233 drug dealers were arrested, while 2 234 suspects were arrested for being in possession of drugs, with the highest arrests in the Western Cape (1 214).

    The long arm of the law also caught up with 96 suspects, who were arrested for being in the illegal possession of firearms while 1 460 illegal foreign nationals were also arrested.

    Additionally, 772 drivers were arrested for drunken driving, said the SAPS in a statement on Monday.

    Under recoveries and confiscations, police registered the following successes: 
    •    115 firearms were confiscated in the past week
    •    2 394 rounds of ammunition were also confiscated
    •    81 hijacked and stolen vehicles were also recovered during this week’s operations. 

    Highlights of major takedowns and other successes include the following:

    •    Eastern Cape: On 23 June 2025, six-armed extortion suspects were shot and killed in a shootout with police on the R61 between Mthatha and Ngcobo.
    •    Northern Cape: Police seized illicit cigarettes worth R2.8 million in a storage facility at Groblershoop in Upington, on 23 June 2025
    •    KwaZulu-Natal: Police recovered drugs worth over R10 million and arrested a 37-year-old foreign national during an intelligence-led operation, on 25 June 2025
    •    Free State: Police arrested three suspects on charges of kidnapping and rescued a 19-year-old Kamogelo Baukudi in Wepener, on 27 June 2025
    •    Western Cape: Anti-Gang Unit arrested a 68-year-old man for unlawful possession of seven different calibre firearms and ammunition in Gulden Crescent, Cape Town, on 23 June 2025
    •    Limpopo: Police arrested a 40-year-old man for the gruesome murder of his 87-year-old mother after her body parts were found in plastic buckets in Sebora Village in the Mashashane area, on 28 June 2025.
    •    Last week alone, the SAPS Anti-Kidnapping Task Team rescued a 30-year-old man and arrested three kidnappers during an operation in Germiston. In a separate case, on 27 June 2025, Gauteng police rescued an 82-year-old Businessman and arrested five suspects aged between 25 and 31 years in Roodepoort.

    “Police will continue with their operations by asserting the authority of the state to ensure the safety and security of all South Africans and visitors to the country,” the police said. – SAnews.gov.za

    Edwin

    MIL OSI Africa

  • MIL-OSI United Kingdom: Technology to transform the public sector

    Source: Scottish Government

    Start-ups secure CivTech 10 contracts to drive innovation.

    Thirteen companies will start preparing their products and solutions to public sector challenges for market following the conclusion of this year’s Scottish Government’s CivTech programme.

    Having delivered successful pitches at the end of the year-long programme, the companies have now entered the pre-commercialisation stage. They have the opportunity to access up to £7 million in funding to further develop their products and solutions for the public sector, which range from reducing teacher workload to improving firefighter safety.

    Since the programme began in 2016, around 100 businesses have progressed through CivTech, with just over £25 million of public sector funding leveraging a further £125 million of private funding.

    Many are already driving enhancements across the public sector. CivTech 4 participant Tape4Trees has delivered a revolutionary tree germination and planting system which is saving Forestry and Land Scotland millions of pounds a year while CivTech 9 business Netcompany is developing an innovative digital communication channel which, when fully operational, could save the public sector an estimated £100 million per year.

    More start-ups than ever before applied to take part in CivTech 10, which invited business solutions to 12 public sector challenges. Two specific challenges aimed at harnessing Artificial Intelligence (AI) were included for the first time.

    Business Minister Richard Lochhead said:

    “I want Scotland to be a global digital technology leader. Properly harnessed, we have an opportunity to unlock unprecedented benefits that will have a profound, positive impact on our society and our economy.

    “CivTech is recognised internationally as the world’s first successful public sector-focused innovation Accelerator, and as a leader in the rapidly expanding GovTech sector – set to be a trillion-dollar worldwide market.

    “Through CivTech we are not only driving economic growth and stimulating the high-growth start-up community, but unlocking solutions that are already delivering benefits and millions of pounds of savings across Scotland’s public sector.

    One of the companies to have secured CivTech funding to commercialise its product is Musselburgh-based BobbAI, which is developing an AI-powered assistant to help entrepreneurs and business founders.

    BobbAI Co-founder Bayile Adeoti said:

    “Taking part in the CivTech Accelerator has been an incredible experience—one that truly pushed me to think outside the box. The support from facilitators and the structure of the programme itself have been second to none. There’s truly nothing like CivTech anywhere else in the world, and it’s a testament to Scotland’s unique commitment to innovation and inclusive tech development.

    “As someone passionate about inclusive entrepreneurship, being part of CivTech and creating our solution in alignment with Scotland’s ambitions has been an excellent opportunity. With our Challenge through BobbAI, we’re tackling issues that not only impact Scotland but have the potential for global relevance. As a woman in tech, this journey has allowed me to be a voice for the underrepresented and a role model for those still to come. Most importantly, being part of CivTech made me feel like I truly belonged.”

    The Scottish Fire and Rescue Service (SFRS) sponsored two CivTech 10 challenges and will continue to work alongside companies in the next phase of product development. UK company Rowden is developing software to improve real-time risk monitoring of incidents while FireHazResearch has set up in Scotland to take forward its software identifying and measuring firefighter exposure to contaminants.

    Head of Governance, Strategy and Performance at SFRS Richard Whetton said:

    “SFRS have found the CivTech programme hugely beneficial in allowing us to consider and begin to develop innovative solutions for two difficult problems we have been facing. 

    “Both of our challenges are now progressing towards the pre-commercial stage and we are excited to work with our challenge companies to develop minimum viable products intended to enhance firefighter safety and benefit communities of Scotland. 

    “The CivTech programme team have been exceptional in supporting SFRS to achieve these positive outcomes and we look forward to continuing our work on this innovative programme.”

    Background

    More information about CivTech 10 Challenges and companies and their pitches are available on the CivTech website.

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Birmingham Targets Dangerous E-Bikes in Major Multi-Agency Crackdown

    Source: City of Birmingham

    Birmingham City Council and partners have carried out a major enforcement operation targeting illegally modified e-bikes in Birmingham city centre.

    This is part of ongoing efforts to keep the area safe for all who live, work, and visit.

    Last week, 16 e-bikes were seized during a pre-planned multi-agency operation. Riders were issued with fines after officers discovered the bikes had been illegally upgraded to reach speeds of up to 40mph — far beyond the legal limits for electrically assisted pedal cycles (EAPCs). All seized bikes will now be crushed.

    The operation is part of a wider response to increasing reports from residents, visitors, businesses, and professionals who live, work, and travel through the city centre. Complaints have included dangerous and inconsiderate riding, near misses with pedestrians, and collisions that have caused alarm and distress — particularly for vulnerable road users.

    The action was carried out in partnership with the Birmingham Community Safety Partnership and West Midlands Police – including officers from Operation Fearless, the Road Harm Prevention Team, and Safer Travel – alongside British Transport Police, Immigration Enforcement, Paradise Security, and the Central and Colmore Business Improvement Districts.

    Plain clothes and uniformed officers worked together to stop and inspect riders, checking the legality of their bikes and verifying rider status where appropriate. Immigration checks led to three arrests for immigration offences.

    This is the latest in a series of planned operations focused on improving public safety and tackling the growing concerns from businesses, residents, and vulnerable groups around the dangerous and antisocial use of high-powered e-bikes.

    Councillor Jamie Tennant, Cabinet Member for Social Justice, Community Safety and Equalities, said:

    “Operation Frislen is the outcome of continuing work between Birmingham City Council and West Midlands Police about safety concerns around the use of e-bikes and other propelled transport in highly pedestrianised areas. 

    “We hope our recent collective intervention will not only take dangerous, untaxed and uninsured e-bikes off the street, but also provide valuable insight into the scale of the problem. This will enable all partners to identify further activities and actions that will reduce risks to the public.”

    Inspector Scott Taylor from West Midlands Police added: “Dangerous e-bike use has become a major problem in the city centre – partners, businesses and pedestrians are telling us they feel it’s only a matter of time before someone is killed or seriously injured.

    “We’ve been working alongside city centre businesses, including takeaways, delivery companies, the Central Business Improvement District and the city council in recent weeks.

    “We’ve been out educating riders on the law and the impact dangerous riding is having on the city centre, and tonight’s operation has seen us step it up a gear and take firm action against those flouting the rules.

    “We’d urge anyone who rides an e-bike for work or pleasure in the city centre to make sure they their bike is legal.

    “We’ll be taking more action over the coming weeks, so anyone who ignores the law may well find their bike is seized and they are issued with a fine or are given a court date.”

    This operation is part of Birmingham’s wider commitment to making the city centre cleaner, safer, and more accessible to all. Further days of action are planned in the weeks ahead.

    E-bikes and the law
    To legally ride an e-bike (known as an EAPC – Electrically Assisted Pedal Cycle), it must:

    • Have pedals that can be used to propel it,
    • Use an electric motor with a maximum power output of 250 watts,
    • Not assist when travelling more than 15.5mph.

    If an e-bike is modified beyond these limits, it is classed as a motor vehicle. That means it must be registered, taxed, insured, and the rider must have a valid licence. It also cannot be used on cycle paths or public roads unless compliant.

    Learn more: Riding an electric bike: the rules – GOV.UK

    MIL OSI United Kingdom

  • MIL-OSI: Registration of share capital increase in IDEX Biometrics – 1 July 2025

    Source: GlobeNewswire (MIL-OSI)

    Reference is made to the following disclosures by IDEX Biometrics ASA:

    15 June 2025: Issue of 299,381,600 new shares to employees, contractors and directors in IDEX.
    23 June 2025: Issue of 5,412,932 new shares in lieu of cash board remuneration as approved by the annual general meeting held on 21 May 2025.
    23 June 2025: Issue of 69 new shares to an employee to facilitate the 100-to-1 share consolidation as resolved by the extraordinary general meeting held on 11 April 2025.

    The share capital increases have been registered in the Norwegian Register of Business Enterprises. Following the share capital increases, the Company’s share capital is NOK 47,364,256.00 divided into 4,736,425,600 shares, each with a nominal value of NOK 0.01.

    Contact person
    Anders Storbråten, CFO
    E-mail: anders@idexbiometrics.com

    About IDEX Biometrics
    IDEX Biometrics ASA (IDEX) is a global technology leader in fingerprint biometrics, offering authentication solutions across payments, access control, and digital identity. Our solutions bring convenience, security, peace of mind and seamless user experiences to the world. Built on patented and proprietary sensor technologies, integrated circuit designs, and software, our biometric solutions target card-based applications for payments and digital authentication. As an industry-enabler we partner with leading card manufacturers and technology companies to bring our solutions to market.

    For more information, visit www.idexbiometrics.com

    About this notice
    This notice was issued by Erling Svela, VP of finance, on 1 July 2025 at 10:50 CET on behalf of IDEX Biometrics ASA. The shall be disclosed according to section 5-8 of the Norwegian Securities Trading Act (“STA”) and published in accordance with section 5-12 of the STA.

    The MIL Network

  • MIL-OSI Russia: Popular Science Tourism: A New Vector of Development

    Translation. Region: Russian Federal

    Source: Peter the Great St Petersburg Polytechnic University – Peter the Great St Petersburg Polytechnic University –

    A foresight session dedicated to the development of popular science tourism was held at the Institute of Industrial Management, Economics and Trade. The main goal of the event was to develop a strategy for attracting foreign tourists interested in scientific achievements and technologies. This corresponds to the new vector of development of the city’s tourism industry, which was discussed during the accelerator “International Tourism Products of Russia”. The project is being implemented by the Center of Competence in Tourism and Hospitality with the support of the Committee for Tourism Development of St. Petersburg and the Ministry of Economic Development of the Russian Federation.

    The development of popular science tourism at the international level is an important step towards strengthening cultural and scientific ties between Russia and other countries. We strive to create tourism products that will be interesting and useful to guests from different parts of the world, allowing them to learn more about Russian science, technology and innovation. Our task is to make St. Petersburg a center of attraction for everyone interested in science and striving for new knowledge, – noted Marina Morozova, General Director of the Center of Competence in Tourism and Hospitality.

    The foresight session was attended by representatives of tour operators, the museum community, research institutes, including the Almazov National Medical Research Center, and leading universities. The moderators were associate professors of the Higher School of Service and Trade of the IPMEiT Irina Kapustina and Ksenia Pasternak.

    The projects were assessed by the expert opinion of the General Director of the international hospitality school ACORN Hospitality and Tourism Business School Olga Weiss, the General Director of the travel agency Tolstoy House Sofia Sheynina, the head of the paid services department of the Almazov National Medical Research Center Elena Zolotukhina, the public representative of the Agency for Strategic Initiatives Svetlana Selishcheva, the President of the Association of Participants in the Sphere of Medical and Health Tourism Sofia Mozokina, and the author of the program Management of State Programs and Implementation of National Projects in the Russian Federation Denis Askinadze.

    Unlike a tourism product with a pronounced cultural component, our project is focused on the scientific, industrial and scientific and production potential of the city. In the future, we also hope to attract tourists as future students, which is especially interesting for educational organizations. But even if they do not choose our universities, popular science tourism will become a powerful tool for popularizing science and a kind of soft power demonstrating the scientific, technical and scientific and production potential of our country, explained the Chairman of the Committee for Tourism Development of St. Petersburg Evgeny Pankevich.

    Participants analyzed current trends and prospects for the development of popular science tourism, developed tourist routes and educational programs aimed, in particular, at attracting tourists from the Middle East, the CIS and Vietnam.

    Events like today’s foresight session play a key role in shaping the strategy for the development of popular science and industrial tourism. The Higher School of Service and Trade, as part of its activities project office “Industrial Tourism – Polytech” actively develops this important market segment, providing training for qualified personnel and promoting Russian scientific and technological heritage. We are convinced that such activities will significantly not only increase the tourist attractiveness of the region, but will also contribute to enhancing the brand of Russian industry, as well as strengthen Russia’s image as a leader in the field of science and technology, – noted the Director of the Higher School of Service and Trade Olga Voronova.

    The meeting culminated in the development of a passport for a unique tourism product in the field of popular science tourism for inquisitive travelers from all over the world.

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

    MIL OSI Russia News

  • MIL-OSI Russia: /China Spotlight/ Toys for the Elderly Boost China’s ‘Silver’ Economy

    Translation. Region: Russian Federal

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

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

    HANGZHOU, July 1 (Xinhua) — In a playroom at a nursing home in China, several sprightly seniors gathered to play table hockey, competing in wits and skill, savoring every moment.

    Once considered a child’s play, these educational games are quickly becoming the latest craze among seniors.

    As China’s population ages at an accelerated rate, the once-overlooked consumer niche of games and toys for the elderly is emerging as a new pillar of the booming silver economy.

    Guan Weijian, a toy merchant in the eastern Chinese city of Yiwu, known as the “supermarket of the world,” quickly saw the wind blowing when he noticed such changes.

    Over the past year, his online store has seen a boom in demand for fitness gear and cognitive-development games and toys among older shoppers. Consumers aged 50 and up now make up 30 percent of his user base.

    “Our two best-selling toys are in the fitness and puzzle categories. They are low-impact yet fun, perfect for seniors to exercise or while away the time,” says Guan Weijian.

    “In fact, there are similarities between toys for the elderly and children’s toys in terms of developing reflexes, grip strength and coordination. In fact, some children’s toys can be easily adapted for the elderly with just a few simple changes,” Guan Weijian added.

    Realizing the potential of the senior toys sector as a promising niche, he decided to take advantage of the opportunity. In just three months after launching more than 10 products designed specifically for senior users, sales at his store far exceeded expectations.

    Searches for “toys for the elderly” on Taobao, one of China’s leading e-commerce platforms, grew 124 percent year-on-year, and transaction volume increased by more than 70 percent. Consumers aged 55 and above now make up an increasing proportion of shoppers, and their purchase frequency is increasing.

    As the market expands, more and more toy manufacturers across China are shifting their focus to meet the needs of older consumers.

    According to Cheng Xin of Taobao’s toys and collectibles section, there are many new shops selling toys for the elderly popping up on the platform, some of which are newly established and many of which are converted from former children’s toy stores.

    “Toys are no longer exclusive to kids, nor are they pop culture icons. They are a lifelong hobby that can be enjoyed by a wide range of consumers of all ages,” Cheng Xin said, adding that Taobao plans to launch a special toy segment for seniors, providing them with customized operational support.

    The booming market of toys for the elderly has not only created new growth points for consumption, but also contributed to a profound transformation of the traditional production chain.

    A particularly striking example is Yunhe County in Zhejiang Province, East China, widely known as the “birthplace of China’s wooden toys.”

    Based on years of industrial experience, Yunhe County has now deeply integrated the wooden toy industry with the elderly care industry, forming an innovative industrial chain focusing on intellectual, health and entertainment products.

    The key to this transformation lies in the shift from “fun” to “functionality.” To date, local manufacturers have developed more than 200 wooden toys designed to improve hand-foot coordination and slow down memory loss in older adults.

    According to Yin Qian, president of Zhejiang Mimi Zhikang Technology Co., the company has developed more than 100 wooden puzzle toys that are both entertaining and mentally stimulating.

    To enhance the cognitive and rehabilitation properties of its products, the company collaborated with the Health Science Center of Xi’an Jiaotong University and the Alzheimer’s Disease Prevention Group located in Shaoxing, Zhejiang Province.

    To date, the company has received more than 30 patents and supplies products to more than 500 senior care facilities across the country.

    Meanwhile, Yunhe is also targeting international markets. In recent years, the county has expanded the export of its wooden toys to senior schools, nursing homes and community centers overseas.

    “In 2024, our products were successfully exported to Germany, Japan and other markets, where they were warmly received by elderly users,” Yin Qian said.

    In the first quarter of this year, sales of wooden toys aimed at the elderly rose 50 percent year-on-year.

    China’s elderly population is projected to grow by more than 10 million a year over the next decade, according to the Ministry of Civil Affairs. The silver economy’s share of China’s GDP is expected to rise to 9 percent by 2035, from 6 percent today.

    Data from iiMedia Research shows that China’s elderly care market will reach 12 trillion yuan (about $1.68 trillion) in 2023, up 16.5 percent year-on-year. The country’s silver economy is projected to reach about 30 trillion yuan by 2035, accounting for about 10 percent of GDP.

    Innovations in niche segments are opening up new opportunities in the silver economy, said Zhang Jinsong, secretary general of the Committee on Education for the Elderly of the Chinese Gerontological Society.

    The “silver” economy is poised to move beyond basic needs to consumption based on quality and pleasure, which will open up enormous potential,” he added. -0-

    MIL OSI Russia News

  • MIL-OSI Europe: ECB Consumer Expectations Survey results – May 2024

    Source: European Central Bank

    1 July 2025

    Compared with April 2025:

    • median consumer perceptions of inflation over the previous 12 months remained unchanged, while median expectations for inflation one and three years ahead decreased, and median inflation expectations for five years ahead remained unchanged;
    • expectations for nominal income growth over the next 12 months increased, while expectations for spending growth over the next 12 months decreased;
    • expectations for economic growth over the next 12 months became less negative, while the expected unemployment rate in 12 months’ time decreased;
    • expectations for growth in the price of homes over the next 12 months remained unchanged, while expectations for mortgage interest rates 12 months ahead declined.

    Inflation

    In May, the median rate of perceived inflation over the previous 12 months remained unchanged at 3.1% for the fourth consecutive month. This was its lowest level since September 2021. Median expectations for inflation over the next 12 months decreased by 0.3 percentage points to 2.8%. Expectations for three years ahead also decreased, by 0.1 percentage points, to 2.4% while expectations for inflation five years ahead were unchanged at 2.1% for the sixth consecutive month. Uncertainty about inflation expectations over the next 12 months decreased in May, reversing the increase observed in April. While the broad evolution of inflation perceptions and expectations remained relatively closely aligned across income groups, over the previous year and a half inflation perceptions and short-horizon expectations for lower income quintiles were, on average, slightly above those for higher income quintiles. Younger respondents (aged 18-34) continued to report lower inflation perceptions and expectations than older respondents (aged 35-54 and 55-70), albeit to a lesser degree than in previous years.

    Inflation results

    Income and consumption

    Consumers’ nominal income growth expectations over the next 12 months increased to 1.0%, from 0.9% in April. This increase was observed across all income groups. Perceived nominal spending growth over the previous 12 months increased to 5.0%, from 4.9% in April. Conversely, expected nominal spending growth over the next 12 months decreased to 3.5% in May, from 3.7% in April. This decrease was prevalent across all income quintiles, except for the lowest income group.

    Income and consumption results

    Economic growth and labour market

    Economic growth expectations for the next 12 months became less negative, standing at -1.1% in May compared with -1.9% in April. Expectations for the unemployment rate 12 months ahead decreased to 10.4%, from 10.5% in April. Consumers continued to expect the future unemployment rate to be only slightly higher than the perceived current unemployment rate (9.9%), implying a broadly stable labour market.

    Economic growth and labour market results

    Housing and credit access

    Consumers expected the price of their home to increase by 3.2% over the next 12 months, which was unchanged from April. Households in the lowest income quintile continued to expect higher growth in house prices compared with those in the highest income quintile (3.5% and 3.1% respectively). Expectations for mortgage interest rates 12 months ahead declined to 4.4%, from 4.5% in April. As in previous months, the lowest income households expected the highest mortgage interest rates 12 months ahead (4.9%), while the highest income households expected the lowest rates (4.1%). The net percentage of households reporting a tightening (relative to those reporting an easing) in access to credit over the previous 12 months declined. The net percentage of those expecting a tightening over the next 12 months declined as well, reversing the increase seen in April.

    Housing and credit access results

    The release of the Consumer Expectations Survey (CES) results for June is scheduled for 29 July 2025.

    For media queries, please contact: Benoit Deeg, tel.: +49 172 1683704.

    Notes

    MIL OSI Europe News

  • MIL-OSI Video: Small Business Champions Awards 2025

    Source: World Trade Organization – WTO (video statements)

    On 27 June, the Informal Working Group on Micro, Small and Medium-sized Enterprises (MSMEs) marked MSME Day, announcing two new Small Business Champions: SilaiWali (India) and NetZero Pallets (Viet Nam).

    https://www.youtube.com/watch?v=LqmZ59VjqfU

    MIL OSI Video

  • MIL-OSI United Kingdom: Norway’s WTO Trade Policy Review: UK Statement

    Source: United Kingdom – Executive Government & Departments 3

    Speech

    Norway’s WTO Trade Policy Review: UK Statement

    UK Statement at Norway’s World Trade Organization Trade Policy Review. Delivered by the UK’s Permanent Ambassador to the WTO and UN, Simon Manley.

    State Secretary, a very warm welcome to you and your delegation both from Oslo and here from Geneva. Thank you for bringing the spark of the land of Midnight Sun, beautiful Fjords and magical Northern Lights.

    Thank you to the WTO Secretariat, as ever, for their report. Thank you, Chair, for your introductory comments. Thank you to our distinguished discussant for his insightful comments. I thought your final point about the value shown by the Norwegian case, but obviously a much broader point about institutions, is a very worthwhile one.

    Thank you, also, to the government of Norway for piloting the new Trade Policy Review portal. We were particularly pleased to see it come to life given that we have our own TPR coming up later this year so we may see it in use again.

    Report Analysis

    1. Chair, the reports highlight Norway’s extraordinary economic resilience, keeping up its very high GDP per capita level despite the challenges of COVID-19 and the rest.

    2. Its transformation into a high-income, knowledge-based economy, for us, reflects the power of open trade and strategic investment. The World Bank says that international trade accounts for over 80% of its GDP, which is remarkable.

    3. Between 2018 and 2024, foreign trade rose steadily. Imports grew from over 700 billion Norwegian Krone to over one trillion Krone, and exports from just over one trillion Krone to almost two trillion Krone. Extraordinary figures. Excluding oil, gas, ships and drilling platforms, traditional goods trade rose by about 50% and services trade by 110%.

    4. Testimony, if I may say, State Secretary, to your commitment to open trade and investment, but also the rewards of that commitment.

    Digitoll

    1. As noted in our Advance Written Questions, we’re particularly interested in the Digitoll customs declaration system, set for full rollout next year.

    2. We very much welcome its aim to automate customs proceedings and speed up clearances, especially given imports represent over 40% of Norway’s GDP.

    3. We look forward to further details and we wish you every success with that rollout.

    Bilateral Relationship

    1. Bilaterally, Chair, our relationship with Norway is exceptionally close. So close, in fact, that the Norwegian Prime Minister described us as ‘best friends’ during our own Prime Minister’s visit in May. As somebody who has been around in the diplomatic service for a few years, I have never seen it so strong. And we have had several ministerial visits just in the last 12 months.

    2. And this relationship also extends to trade. In 2024, Norway was the UK’s 12th largest trading partner with total trade valued at over £38 billion.

    3. Our UK-EEA/EFTA Free Trade Agreement (FTA), signed in 2021, is one of the UK’s most modern and comprehensive. This FTA is not only a successful deal for businesses in both countries but also provides our governments with the opportunity for regular dialogue on trade, which we very much appreciate.

    4. Our Strategic Partnership, signed in December last year, adds further depth and breadth, particularly in priority sectors such as energy.

    5. In May, we welcomed our Green Industrial Partnership, which reflects our unique energy relationship across the North Sea. And just last week, in our newly published and elegant Trade Strategy, we committed to build on that bilateral partnership, underscoring its importance for our shared clean energy goals.

    Gender

    1. Chair, our countries also share a commitment to gender equality in trade.

    2. We welcome Norway’s efforts, including through its board composition requirements for limited liability companies. As one of the three co-chairs of our Informal Working Group on Trade and Gender here, let me commend Norway’s participation in that group, and encourage it to continue sharing its valuable practices here at the WTO.

    WTO Engagement

    1. Which brings me last, but by no means least, to Norway’s exemplary commitment to the multilateral trading system and to this organisation.

    2. Like others, I must start by paying tribute to my colleague, true friend of the system and multi-hatted Norwegian colleague, Petter Ølberg. DSB Chair, DS Reform Facilitator, General Council Chair; his personal commitment to this organisation is clear as is his track record of success.

    3. Petter, your leadership as GC Chair was genuinely inspiring. And we agree with your final message to all of us: real dialogue and real reform are essential to the future of this organisation.

    4. So, we are thrilled that you have been appointed as Reform Facilitator. As outlined in our Trade Strategy we remain a staunch supporter of the multilateral trading system but we agree there is an urgent need for reform.

    5. And so we welcome Norway’s participation in key WTO plurilateral initiatives, including the JSIs on Services Domestic Regulation, Electronic Commerce, and Investment Facilitation for Development. I think they reflect your forward looking approach, State Secretary, to modernising global trade rules and are a key part of those reform efforts.

    6. We applaud your ratification of the Agreement on Fisheries Subsidies and encourage your continued leadership.

    7. And your leadership on trade and environment is particularly commendable, where you have consistently championed ambitious and constructive engagement.

    8. Like the UK, as you said at the beginning, State Secretary, our two countries see trade policy as an enabler of the vital move to net zero. Our new Trade Strategy supports this, as it underlines that we would like to go further with Norway and others to “go further and faster in the transition to net zero”.

    9. And finally, on trade and development, your leadership and advocacy for the interests of developing countries is appreciated right across this organisation. As fellow donors, we have worked closely together, and will continue to do so, including through our support for the Advisory Centre on WTO Law and as Board members of the Enhanced Integrated Framework, to help ensure the proper participation of developing countries in the multilateral trading system.

    Conclusion

    So, to conclude, State Secretary, keep up the good work! Keep up being an example to all of us.

    As this is my last Trade Policy Review, let me say that it has been a real pleasure to end with such a close trading partner and genuine friend as well as a good neighbour. Trade Policy Reviews, Chair, are fundamental to transparency and the good working of this organisation. And I know my successor, Kumar Iyer, and our team, are looking forward to our own first TPR later this year.

    ‘Tusen takk’ to you, State Secretary, and your team for your full and transparent engagement with this TPR, yet another example of your continued commitment to this organisation. Thank you.

    Updates to this page

    Published 1 July 2025

    MIL OSI United Kingdom

  • ‘Digital India, a people’s movement’: PM Modi charts roadmap for next decade

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi on Tuesday lauded the completion of ten years of the Digital India initiative, describing it as a journey that has transformed governance, empowered citizens, and positioned India as a global leader in digital technology.

    In a post on X, the Prime Minister said, “Today is a historic day as we mark #10YearsOfDigitalIndia! Ten years ago, Digital India began as an initiative to transform our nation into a digitally empowered and technologically advanced society. A decade later, we stand witness to a journey that has touched countless lives and ushered in a new era of empowerment.”

    Launched in 2015, the Digital India mission sought to bridge the country’s vast digital divide and make technology accessible to every citizen. Reflecting on the initiative’s impact, PM Modi said that India’s progress is visible not only in “data and dashboards” but also in the daily lives of 140 crore Indians.

    “While decades were spent doubting the ability of Indians to use technology, we changed this approach and trusted the ability of Indians to use technology,” PM Modi said in an article shared on LinkedIn.

    Expanding Access and Inclusion

    In 2014, India had about 25 crore internet connections. That figure has now grown to over 97 crore, with high-speed internet reaching remote villages and forward military outposts alike. The Prime Minister pointed out that over 42 lakh kilometres of Optical Fibre Cable now connect the country, equivalent to eleven times the distance between Earth and the Moon.

    The success of India’s real-time digital payments system, UPI, has also been a highlight. UPI now handles over 100 billion transactions a year, accounting for nearly half of all real-time digital payments worldwide.

    Through Direct Benefit Transfers (DBT), the government has directly transferred over ₹44 lakh crore to citizens, saving nearly ₹3.48 lakh crore by eliminating middlemen. Schemes like SVAMITVA have issued more than 2.4 crore property cards and mapped over 6.4 lakh villages, providing land ownership security to millions.

    Driving Entrepreneurship and Innovation

    Highlighting the impact on small businesses and entrepreneurs, PM Modi noted that initiatives like ONDC (Open Network for Digital Commerce) and GeM (Government E-Marketplace) have expanded opportunities for millions. ONDC recently crossed 200 million transactions, while GeM has surpassed ₹1 lakh crore GMV in just 50 days.

    “From Banarasi weavers to bamboo artisans in Nagaland, sellers are now reaching customers nationwide, without middlemen or digital monopolies,” the Prime Minister added.

    PM Modi also underlined India’s emergence as a global leader in Digital Public Infrastructure, citing examples like Aadhaar, CoWIN, DigiLocker, and FASTag. He said these platforms are now studied and adopted in other countries, with India launching a Global DPI Repository during its G20 Presidency.

    Looking Ahead

    Calling for greater innovation in the coming decade, the Prime Minister said India is moving from “digital governance to global digital leadership, from India-first to India-for-the-world.”

    He urged the country’s innovators and entrepreneurs to build technology that “unites, includes, and uplifts,” adding, “Let us build what empowers. Let us solve what truly matters.”

    The Prime Minister’s remarks come as India continues to scale its presence in emerging fields like artificial intelligence and digital commerce, supported by initiatives such as the $1.2 billion India AI Mission and new Centres of Excellence across the country.

    “Digital India has not remained a mere government program, it has become a people’s movement,” PM Modi said, reaffirming the initiative’s central role in building an Aatmanirbhar Bharat.

     

  • MIL-OSI: ZetaDisplay and ENRA Technologies Partner to Drive Digital Signage Innovation in South Africa

    Source: GlobeNewswire (MIL-OSI)

    Leading European digital signage provider ZetaDisplay has announced an exciting new partnership with ENRA Technologies, a rapidly growing South African IT and AV solutions company, to accelerate the adoption of digital signage across South Africa and the wider African and Middle Eastern markets.

    This strategic collaboration will leverage ZetaDisplay’s proprietary Engage Suite, an advanced digital signage software platform, to offer a full-service digital signage solution to businesses in retail, manufacturing, finance, and insurance. Together, ENRA and ZetaDisplay will combine their expertise to create innovative, data-driven digital experiences that enhance customer engagement and operational efficiency.

    Raees Mukuddem, CEO and Founder of ENRA Technologies says:

    “The digital signage market in South Africa is still in its infancy, but we’ve recognised its immense potential. By partnering with ZetaDisplay, an internationally recognised leader in this space, we are bringing best-in-class full-service solutions to the market. We believe in success through collaboration—what we call ‘evoking Ubuntu’—and we’re excited to work alongside ZetaDisplay to transform the industry.”

    ENRA Technologies, founded in 2008, has grown from humble beginnings into a powerhouse delivering IT-managed services, integrated AV, security, and electronics across Africa and the Middle East. With a commitment to service excellence, the company has built strong, long-term relationships with major clients such as Woolworths, University of the Western Cape, Western Cape Government as well as other Public and Private sector Enterprises.

    A Level One Black Economic Empowerment (BEE) company, ENRA is deeply committed to driving economic transformation in South Africa and has been recognised as a three-time Impumelelo Award winner for business excellence.

    Ola Sæverås, Chief Business Officer at ZetaDisplay comments:

    “ENRA is the perfect partner for expanding into the South African market. They are incredibly well-established, working with leading brands and enterprise clients across the region. Their deep local expertise, combined with our innovative Engage Suite CMS platform, will allow us to create powerful digital signage solutions tailored to regional business needs.”

    The partnership is already making waves, with ENRA actively pursuing major digital signage rollouts with a leading South African retail chain with over 750 stores and one of the country’s top universities.

    At the heart of this collaboration is ZetaDisplay’s Engage Suite, a next-generation CMS designed for omnichannel content management, real-time data analytics and programmatic advertising integration. The platform will empower South African businesses to create seamless, automated and highly targeted digital signage campaigns.

    This partnership signals a new era for digital signage in South Africa, bringing together European innovation and African expertise to create engaging, effective, and future-proof digital solutions.

    For further information please contact:

    Ola Sæverås
    Chief Business Officer – ZetaDisplay Group
    Phone: +47 41 678 234
    Email: ola@zetadisplay.com  

    Raees Mukuddem 
    CEO / Founder – ENRA technologies South Africa
    Tel: +27 72 786 1856
    Email: raees@enra.co.za

    ABOUT ENRA Technologies

    Founded in 2008 ENRA Technologies CC (“ENRA”) is a B-BBEE Level 1, South African ICT organisation headquartered in Cape Town with a satellite office in Johannesburg servicing clients throughout the country and the wider African continent.
    ENRA’s core business is turnkey solutions design, implementation and maintenance of IT, Audio Visual and Security systems for government and private sector entities.
    ENRA is deeply committed to driving economic transformation in South Africa and has been recognised as a three-time Impumelelo Award winner for business excellence.
    More information at: www.enra.co.za/

    ABOUT ZETADISPLAY

    ZetaDisplay was founded 2003 in Sweden as one of the early pioneers of digital signage software and solutions. Today ZetaDisplay is of the leading European corporations in the digital signage market and a leading force in the European and global digital signage industry.

    Our proprietary software platform, digital business development and consulting services, innovative digital signage solutions, and creative concepts regularly inspire- influence and guide millions of people every day in retail environments, in restaurants, on advertising screens, in factories, on trains, on cruise ships, in stadiums, in workplaces and in all types of public spaces indoor and outdoor. ZetaDisplay is one of the largest leading European digital signage companies with direct operations in eight European countries and the US with +125,000 active installations in over 50 countries, across all major continents where we are the business partner of choice for many of the worlds most respected blue-chip brands and companies.

    ZetaDisplay is based in Malmö-Sweden, has a turnover of SEK +600 million and employs approx. 250 co-workers. ZetaDisplay is owned by the investment company Hanover Investors.

    More information about ZetaDisplay can be found on the group global website www.zetadisplay.com or for Investor relations at www.ir.zetadisplay.com  or for owner information at www.hanoverinvestors.com.

    Attachments

    The MIL Network

  • MIL-OSI China: China firmly opposes forced closure of Hikvision’s business in Canada

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

    China is strongly dissatisfied with and firmly opposes Canada’s order to cease the operations of Chinese firm Hikvision in Canada, the Ministry of Commerce said Monday.

    China has noticed that the Canadian side has forcibly ceased Hikvision’s operations in Canada and banned Canadian government departments from purchasing or using Hikvision products under the pretext of “national security,” a spokesperson with the ministry said.

    The Canadian side’s so-called national security review lacks transparency and produces uncertain outcomes, the spokesperson said, calling it a typical act of overstretching the concept of national security.

    “Such a move undermines the legitimate rights and interests of Chinese enterprises, erodes the confidence for business cooperation between the both sides, and sabotages the normal economic and trade relations between the two countries,” the spokesperson added.

    China urges Canada to immediately rectify its erroneous actions, stop politicizing and overstretching the concept of national security in economic and trade issues, and provide an open, fair, just and non-discriminatory environment for businesses from all countries, including Chinese enterprises, to invest and operate in Canada, the spokesperson noted.

    China will take necessary measures to resolutely defend the legitimate rights and interests of Chinese enterprises, the spokesperson said.

    MIL OSI China News