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Category: CTF

  • MIL-OSI Europe: Action programme to combat Islamophobia

    Source: Government of Sweden

    The action programmes intend to complement the National plan to combat racism, similar forms of hostility and hate crime, and include both measures aimed at bringing to light and combating each form of racism, and measures aimed at combating racism at large.

    MIL OSI Europe News –

    August 5, 2025
  • MIL-OSI Europe: Focus on global stocktake at COP28

    Source: Government of Sweden

    From 30 November to 12 December, the world will gather in Dubai for the UN COP28 Climate Change Conference. This year’s meeting will focus on two issues in particular: global stocktake of climate action and phasing out fossil fuels.

    MIL OSI Europe News –

    August 5, 2025
  • MIL-OSI: International Petroleum Corporation to release Second Quarter 2025 Financial and Operational Results on August 5, 2025

    Source: GlobeNewswire (MIL-OSI)

    International Petroleum Corporation (IPC) (TSX, Nasdaq Stockholm: IPCO) will publish its financial and operating results and related management’s discussion and analysis for the three and six months ended June 30, 2025, on Tuesday, August 5, 2025 at 07:30 CEST, followed by an audiocast at 09:00 CEST.

    Listen to William Lundin, President and CEO, and Christophe Nerguararian, CFO, commenting on the second quarter 2025 financial and operating results and the latest developments from IPC.

    Follow the presentation live starting at 09:00 CEST on Tuesday, August 5, 2025 on www.international-petroleum.com or using the link or dial-in details below:

    Presentation Link: https://ipc.videosync.fi/2025-08-05

    Dial-in numbers

    Canada/USA:   +1 786 697 3501
    UK:  +44 33 0551 0200
    Sweden:  +46 8 5052 0424

    Password

    Quote “IPC” when prompted by the operator

    International Petroleum Corp. (IPC) is an international oil and gas exploration and production company with a high quality portfolio of assets located in Canada, Malaysia and France, providing a solid foundation for organic and inorganic growth. IPC is a member of the Lundin Group of Companies. IPC is incorporated in Canada and IPC’s shares are listed on the Toronto Stock Exchange (TSX) and the Nasdaq Stockholm under the symbol “IPCO”.

    For further information, please contact:

    Rebecca Gordon
    SVP Corporate Planning and Investor Relations
    rebecca.gordon@international-petroleum.com
    Tel: +41 22 595 10 50
      Robert Eriksson
    Media Manager
    reriksson@rive6.ch
    Tel: +46 701 11 26 15

    Forward-Looking Statements
    This press release contains statements and information which constitute “forward-looking statements” or “forward-looking information” (within the meaning of applicable securities legislation). Such statements and information (together, “forward-looking statements”) relate to future events, including the Corporation’s future performance, business prospects or opportunities. Actual results may differ materially from those expressed or implied by forward-looking statements. The forward-looking statements contained in this press release are expressly qualified by this cautionary statement. Forward-looking statements speak only as of the date of this press release, unless otherwise indicated. IPC does not intend, and does not assume any obligation, to update these forward-looking statements, except as required by applicable laws.

    All statements other than statements of historical fact may be forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, forecasts, guidance, budgets, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “seek”, “anticipate”, “plan”, “continue”, “estimate”, “expect”, “may”, “will”, “project”, “forecast”, “predict”, “potential”, “targeting”, “intend”, “could”, “might”, “should”, “believe”, “budget” and similar expressions) are not statements of historical fact and may be “forward-looking statements”.

    Attachment

    • IPC PR 2025_Q2 release advance 31-07-2025

    The MIL Network –

    August 5, 2025
  • MIL-OSI: CLIQ: Invitation to Second Quarter 2025 Results Presentation

    Source: GlobeNewswire (MIL-OSI)

    DÜSSELDORF, 31 July 2025 – The CLIQ Group will report and present its second quarter 2025 financial results and highlights on Thursday, 7 August 2025.

    The 2Q/6M 2025 Financial Report and a slides deck to accompany the earnings call will be available at https://cliqdigital.com/investors from 7.30 a.m. CEST.

    Earnings call

    A live audio webcast conducted in English will be held at 2.00 p.m. CEST on 7 August 2025 with presentations from Luc Voncken, CEO, and Ben Bos, member of the Management Board.

    Questions submitted before 12.00 p.m. CEST via email to investors@cliqdigital.com will be answered after the presentations.

    Please click on the link below to register for this webcast:

    https://cliqdigital.zoom.us/webinar/register/WN_c0n3F_byTX2d2wipi_uEGQ

    ZOOM details will be sent to you via email post registration and a replay of the webcast will be available shortly after the call at: https://cliqdigital.com/investors/financials/financial-reporting.

    Contacts

    Investor Relations:
    Sebastian McCoskrie, s.mccoskrie@cliqdigital.com, +49 151 52043659

    Financial calendar

    Half-year financial report 2025 & earnings call Thursday 7 August 2025
    Annual General Meeting 2025 Thursday 21 August 2025
    Financial report 3Q/9M 2025 and earnings call Thursday 6 November 2025

    About CLIQ

    The CLIQ Group is a data-driven, online performance marketing company that sells bundled subscription-based digital products to consumers worldwide. The Group licenses content from partners, bundles it to digital products, and sells them via performance marketing. CLIQ is expert in turning consumer interest into sales by monetising online traffic using an omnichannel approach.

    CLIQ operated in 40 countries and employed 132 staff from 33 different nationalities as at 31 December 2024. The company is headquartered in Düsseldorf and has offices in Amsterdam and Paris. CLIQ is listed in the Scale segment of the Frankfurt Stock Exchange (ISIN: DE000A35JS40, GSIN/WKN: A35JS4) and is a constituent of the MSCI World Micro Cap Index.

    Visit our website at https://cliqdigital.com/investors. Here you will find all publications and further information about CLIQ. You can also follow us on LinkedIn.

    The MIL Network –

    August 5, 2025
  • MIL-OSI Asia-Pac: Government posts land resumption notices for resumption of private lots required for construction of Northern Link Main Line

    Source: Hong Kong Government special administrative region

    Government posts land resumption notices for resumption of private lots required for construction of Northern Link Main Line 
         In all, 686 private lots with a total area of about 26 hectares as well as an underground strata of 252 private lots with a total area of about 8.6 hectares will be resumed by the Government. The said land will revert to the Government upon the expiry of a period of three months from the date of affixing the land resumption notices (i.e. November 1, 2025). The Government will release ex-gratia land compensation to the relevant land owners and handle relevant statutory claims for compensation after the land reversion.
     
    The land reversion date is the date of vesting of the ownership of the land in the Government. It is not the departure deadline of the affected households and business undertakings. According to the project programme, the Lands Department will post notices in relevant areas in accordance with the applicable procedures about three months before the departure deadlines of the affected households and business undertakings. It is estimated that the affected households and business undertakings will have to move out starting from early 2026 at the earliest. The Government will closely liaise with the relevant land owners and affected parties, and properly handle their compensation and rehousing matters.
     
    The Government has earlier executed the Part 1 Project Agreement of the NOL Project (comprising both the NOL Main Line and the NOL Spur Line) with the MTR Corporation Limited (MTRCL) to commence works on the NOL Main Line that are more ready and time-critical, and also required the MTRCL to carry out the detailed planning and design of the NOL Spur Line including relevant statutory procedures in parallel. The NOL Main Line would become the public transportation backbone for multiple new development areas in the Northern Metropolis and connect the existing Tuen Ma Line and East Rail Line, forming a railway loop linking the New Territories and the Kowloon urban area. This will substantially enhance the coverage and resilience of the railway network and also unleash the development potential of the Northern Metropolis. The NOL Spur Line, as a cross-boundary bifurcation of the NOL Project, would connect the metro networks of Hong Kong and Shenzhen, offering both local commuting functions within Hong Kong as well as cross-boundary railway services. 
    Issued at HKT 15:40

    NNNN

    CategoriesMIL-OSI

    MIL OSI Asia Pacific News –

    August 5, 2025
  • MIL-OSI Asia-Pac: HK Talent Engage revamps website

    Source: Hong Kong Information Services

    Hong Kong Talent Engage (HKTE) revamped its website today, enabling outside talent to efficiently and precisely search for practical information on talent admission schemes, settling in Hong Kong and career development.

    With clearer categorisation and a new interface, the updated website creates a more user-friendly platform which can support outside talent in pursuing development in Hong Kong, HKTE highlighted.

    Based on the core themes “Work”, “Live” and “Thrive”, the website offers a number of enhanced features:

    (1) An expanded guide to living in Hong Kong, covering 18 categories including education, healthcare and taxation.

    (2) A new dedicated page for HKTE activities, providing one-stop registration services.

    (3)  An enhanced recruitment platform network.

    (4) The introduction of a chatbot function to give instant feedback to enquiries.

    The website also provides detailed information about Hong Kong’s advantages under the “one country, two systems” principle of having the strong support of the country while maintaining unparalleled connectivity with the world, as well as the city’s positioning for the development of the “eight centres”.

    In addition, the HKTE announced that it has changed its logo.

    The new logo aligns with the three core themes of the latest website and incorporates the colours of these themes to highlight vibrancy and creativity, symbolising talent settling and thriving in Hong Kong while embracing opportunities, it explained.

    MIL OSI Asia Pacific News –

    August 5, 2025
  • MIL-OSI Europe: Action programme to combat Afrophobia

    Source: Government of Sweden

    The action programmes intend to complement the National plan to combat racism, similar forms of hostility and hate crime, and include both measures aimed at bringing to light and combating each form of racism, and measures aimed at combating racism at large.

    MIL OSI Europe News –

    August 5, 2025
  • MIL-OSI Security: Family pay tribute to a man murdered in east London

    Source: United Kingdom London Metropolitan Police

    The family of a man who was fatally stabbed in Ilford, have paid tribute to their son describing him as having a “remarkable ability to connect with everyone he met.”

    Gurjeet Singh, 30 known as Gary, died on Wednesday, 23 July at an address in Felbrigge Road, Ilford.

    In a statement, Gary’s family said:

    “Gary was a well-loved man who had a remarkable ability to connect with everyone he met. A true social butterfly, nothing brought him more joy than being surrounded by his family. Gary will be deeply missed, but his memory will live on in our hearts forever.”

    Police were called by the London Ambulance Service to reports of an altercation at a residential address. Officers attended as Gary was treated for stab wounds. Despite the best efforts of the paramedics, he sadly died at the scene.

    On Wednesday, 23 July, officers arrested Amardeep Singh, 27 (03.02.1998) of Redbridge, IG3 on suspicion of murder. He remains in custody and is due to appear at the Old Bailey for trial on Monday, 5 January 2026

    Detectives also arrested a 29-year-old man and three women aged 29, 30 and 54. They have all since been bailed until October 2025 while enquiries continue.

    MIL Security OSI –

    August 5, 2025
  • MIL-OSI Economics: Change in Top Management at Lufthansa Airlines

    Source: Lufthansa Group

    On September 1, 2025, Francesco Sciortino will join the Executive Board of Lufthansa Airlines and take over responsibility as Hub Manager for Frankfurt. He will also become Accountable Manager for the Lufthansa airline. Francesco Sciortino is currently a Member of the Executive Board and Chief Operating Officer (COO) of Austrian Airlines. Previously, he was Managing Director and Accountable Manager at Germanwings and SunExpress. Francesco Sciortino is also a captain on Airbus A330/340 aircraft at Lufthansa.

    The previous Hub Manager for Frankfurt, Klaus Froese, has taken over the role on an interim basis and is transferring to Lufthansa’s Boeing 747 fleet as a captain as planned.

    Heiko Reitz, Member of the Executive Board of Lufthansa Airlines, will take over responsibility as Hub Manager for Munich on September 1, 2025. Jens Ritter, who holds this position in addition to his role as Chief Executive Officer (CEO), will focus on the further development of Lufthansa Airlines as CEO and drive forward the consistent implementation of the turnaround program for the future.

    At the beginning of 2025, Lufthansa Airlines introduced two Hub Managers with explicit responsibility for improving operational processes between the Lufthansa teams and their partners at both locations in Frankfurt and Munich. Since then, operational stability and punctuality have improved significantly, as has customer satisfaction.

    MIL OSI Economics –

    August 5, 2025
  • MIL-OSI Africa: Hlabisa engages with business on review of White Paper on Local Government

    Source: Government of South Africa

    Hlabisa engages with business on review of White Paper on Local Government

    The Minister of Cooperative Governance and Traditional Affairs (CoGTA), Velenkosini Hlabisa, has wrapped up the fourth strategic CoGTA–National Business Initiative (NBI) Roundtable focused on reviewing the 1998 White Paper on Local Government.

    This final session took place yesterday in East London, Eastern Cape, in anticipation of the 31 July 2025 deadline for public submissions on the Discussion Document regarding the review of the White Paper.

    This Eastern Cape-focused session follows successful engagements in the Western Cape, Gauteng and KwaZulu-Natal, forming part of a broader, inclusive and participatory policy reform process under the theme: ‘Every Municipality Must Work – A Call to Collective Action’.

    “The roundtable aimed to harness practical insights from the business sector to shape a modern, fit-for-purpose local government system. 

    “In his keynote address, Minister Hlabisa emphasised the critical importance of leadership in local government, particularly regarding competence, capability, and ethical conduct,” a CoGTA statement read. 

    The talks provided the business sector with a platform to reflect on the legacy and limitations of the 1998 White Paper and identify policy priorities for a renewed local government framework. 

    Hlabisa commended the cleanliness of East London, noting that this final consultation was not a cosmetic exercise but a substantive effort to reset the vision of the 1998 White Paper. 

    He also acknowledged the current challenges facing municipalities, including rapid urbanisation, climate change, youth unemployment and declining public trust.

    “Throughout the public consultations, a consistent message has emerged from traditional leaders, business, civil society organisations, and citizens alike that every municipality must work to create a conducive environment for investment, stimulate economic activity, and ensure sustainable service delivery matched by payment for services.” 

    The Minister further reflected on the need to reposition municipalities as economic enablers through a differentiated funding regime, overseen by a competent and accountable leadership. 

    He also stressed the importance of streamlining regulatory frameworks to enable climate-resilient planning, budgeting, and infrastructure development – guided by investment foresight and institutionalised collaborative partnerships beyond the review process.

    “In conclusion, the Minister committed to requesting the establishment of a dedicated unit within the South African Police Service (SAPS) to combat corruption in local government, noting that eliminating corruption is essential to achieving effective governance,” CoGTA said.

    The Minister was joined by the Executive Mayor of Buffalo City Metro, Princess Faku, who welcomed the timely review, highlighting the complex challenges municipalities face and the need for tailored collaborations with business to address capacity constraints and stimulate local economic development.

    The CEO of NBI, Shameela Soobramoney, described the engagement as a pivotal moment to shape sustainable and inclusive local government systems. 

    She emphasised the need for the evolution of Integrated Development Plans (IDPs) into investment prospectuses – bankable project portfolios that can drive meaningful change.

    “Efficient local government is essential for economic growth and business sustainability. This roundtable offered business leaders a strategic platform to influence policies that reduce investment risk and foster a more conducive business environment.” – SAnews.gov.za 
     

    Gabisile
    Thu, 07/31/2025 – 09:32

    MIL OSI Africa –

    August 5, 2025
  • MIL-OSI China: Virginia Woolf-inspired exhibit opens at Beijing bookstore

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

    Editor’s Note: The pop-up event “A Room of One’s Own,” running through Sept. 21 at PageOne Beijing Fun Bookstore , immerses visitors in a sensory literary environment inspired by Virginia Woolf’s seminal 1929 feminist essay. 

    The exhibition features a curated selection of cultural products alongside a recreated writing room, blending literature with design, intimacy and imagination.

    Divided into three connected sections, “A Room of One’s Own” presents literature not just as words on a page, but as physical space, everyday objects, and a source of emotional comfort.

    In the final section, visitors enter a detailed recreation of Woolf’s study, featuring sage-green walls, shelves filled with books, and a quiet fireplace. Items like a canvas bag with Woolf’s profile and a custom-made book cover emphasize how literature is now something people can carry with them, hold, and experience personally.

    The exterior signage for the pop-up exhibition “A Room of One’s Own” at the PageOne Beijing Fun Bookstore, July 29, 2025. The installation takes its name from Virginia Woolf’s 1929 essay advocating creative freedom and personal space. [Photo by Liu Ziying/China.org.cn]

    1   2   3   4   5   6   7   >  

    MIL OSI China News –

    August 5, 2025
  • MIL-OSI China: Disney to re-release ‘Zootopia’ in China ahead of sequel

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

    Disney will re-release its blockbuster animated film “Zootopia” in China in August, ahead of the highly anticipated sequel’s global debut in November, the company announced Wednesday.

    Posters for the “Zootopia” China re-release and “Zootopia 2.” [Photo courtesy of Walt Disney Animation Studios]

    “Zootopia” (2016), directed by Byron Howard, Rich Moore and Jared Bush, followed rabbit police officer Judy Hopps as she teamed up with fox Nick Wilde to investigate a conspiracy involving the disappearance of 14 predators in the animal city of Zootopia.

    The film won the Academy Award for best animated feature in 2017 and earned more than $1 billion worldwide, including 1.53 billion yuan ($236 million) in China, where it remains the top-grossing foreign animated film. The movie’s success led to a Zootopia-themed land at Shanghai Disney Resort that opened in late 2023.

    Walt Disney Animation Studios said the Chinese theatrical re-release will include a special trailer for “Zootopia 2” after the credits.

    1   2   3   >  

    MIL OSI China News –

    August 5, 2025
  • MIL-OSI Europe: Anna Politkovskaya-Arman Soldin Prize for Courage in Journalism – Call for applications

    Source: Republic of France in English
    The Republic of France has issued the following statement:

    The Anna Politkovskaya-Arman Soldin Prize for Courage in Journalism will be awarded for the third time in early November 2025, to coincide with the International Day to End Impunity for Crimes Against Journalists, established in 2013 by the United Nations at France’s initiative, in memory of French journalists Ghislaine Dupont and Claude Verlon, assassinated in Mali.

    The aim of this prize is to distinguish the work of journalists and photojournalists committed to carrying out their essential role of informing people, in particular in theatres of conflict or during crises.

    Through this prize, France reaffirms its steadfast commitment to the defence of freedom of the press and pays tribute to two emblematic figures of journalistic courage, killed in the performance of their duties. First, the Russian journalist Anna Politkovskaya, whose investigations published in the Novaya Gazeta on corruption, human rights violations and the war in Chechnya cost her her life, along with six of her colleagues. Second, the Franco-Bosnian AFP journalist and photojournalist Arman Soldin, killed on 9 May 2023 in the field, whose work helped inform the entire world of the reality of Russia’s aggression against Ukraine.

    In 2024, the jury decided to recognize the work of Yuval Abraha, Israeli journalist, and Basel Adra, a Palestinian journalist, which focused on Israel’s settlements in the West Bank. Both journalists also belong to the Israeli-Palestinian collective that produced the documentary “No Other Land” last year, which won an Oscar in 2025.

    Journalists wishing to apply for the 2025 prize may submit their application to presse.dcp at diplomatie.gouv.fr using this form, until midnight on 30 August 2025: download the form (Word – 37 Ko).

    The Prize is accompanied by a lump-sum of €10,000, which must be used to finance a project carried out by the prizewinner.

    MIL OSI Europe News –

    August 5, 2025
  • MIL-OSI Europe: Euro area bank interest rate statistics: June 2025

    Source: European Central Bank

    31 July 2025

    Bank interest rates for corporations

    Chart 1

    Bank interest rates on new loans to, and deposits from, euro area corporations

    (percentages per annum)

    Data for cost of borrowing and deposit interest rates for corporations (Chart 1)

    The composite cost-of-borrowing indicator, which combines interest rates on all loans to corporations, decreased in June 2025. The interest rate on new loans of over €1 million with a floating rate and an initial rate fixation period of up to three months remained broadly unchanged at 3.29%. The rate on new loans of the same size with an initial rate fixation period of over three months and up to one year fell by 7 basis points to 3.41%. The interest rate on new loans of over €1 million with an initial rate fixation period of over ten years decreased by 17 basis points to 3.54%. In the case of new loans of up to €250,000 with a floating rate and an initial rate fixation period of up to three months, the average rate charged fell by 7 basis points to 3.71%.

    As regards new deposit agreements, the interest rate on deposits from corporations with an agreed maturity of up to one year fell by 12 basis points to 1.93% in June 2025. The interest rate on overnight deposits from corporations fell by 5 basis points to 0.53%.

    The interest rate on new loans to sole proprietors and unincorporated partnerships with a floating rate and an initial rate fixation period of up to one year decreased by 14 basis points to 3.97%.

    Table 1

    Bank interest rates for corporations

    i.r.f. = initial rate fixation
    * For this instrument category, the concept of new business is extended to the whole outstanding amounts and therefore the business volumes are not comparable with those of the other categories. Outstanding amounts data are derived from the ECB’s monetary financial institutions balance sheet statistics.

    Data for bank interest rates for corporations (Table 1)

    Bank interest rates for households

    Chart 2

    Bank interest rates on new loans to, and deposits from, euro area households

    Data for cost of borrowing and deposit interest rate for households (Chart 2)

    The composite cost-of-borrowing indicator, which combines interest rates on all loans to households for house purchase, showed no change in June 2025. The interest rate on loans for house purchase with a floating rate and an initial rate fixation period of up to one year decreased by 9 basis points to 3.61%. The rate on housing loans with an initial rate fixation period of over one and up to five years stayed almost constant at 3.41%. The interest rate on loans for house purchase with an initial rate fixation period of over five and up to ten years remained broadly unchanged at 3.47%. The rate on housing loans with an initial rate fixation period of over ten years stayed constant at 3.12%. In the same period the interest rate on new loans to households for consumption decreased by 13 basis points to 7.40%, driven by both the interest rate and the weight effects.

    As regards new deposits from households, the interest rate on deposits with an agreed maturity of up to one year decreased by 7 basis points to 1.77%. The rate on deposits redeemable at three months’ notice stayed almost constant at 1.44%. The interest rate on overnight deposits from households remained broadly unchanged at 0.27%.

    Table 2

    Bank interest rates for households

    i.r.f. = initial rate fixation
    * For this instrument category, the concept of new business is extended to the whole outstanding amounts and therefore the business volumes are not comparable with those of the other categories; deposits placed by households and corporations are allocated to the household sector. Outstanding amounts data are derived from the ECB’s monetary financial institutions balance sheet statistics.
    ** For this instrument category, the concept of new business is extended to the whole outstanding amounts and therefore the business volumes are not comparable with those of the other categories. Outstanding amounts data are derived from the ECB’s monetary financial institutions balance sheet statistics.

    Data for bank interest rates for households (Table 2)

    Further information

    The data in Tables 1 and 2 can be visualised for individual euro area countries on the bank interest rate statistics dashboard. Additionally, tables containing further breakdowns of bank interest rate statistics, including the composite cost-of-borrowing indicators for all euro area countries, are available from the ECB Data Portal. The full set of bank interest rate statistics for both the euro area and individual countries can be downloaded from ECB Data Portal. More information, including the release calendar, is available under “Bank interest rates” in the statistics section of the ECB’s website.

    For media queries, please contact Nicos Keranis, tel.: +49 69 1344 7806

    Notes:

    • In this press release “corporations” refers to non-financial corporations (sector S.11 in the European System of Accounts 2010, or ESA 2010), “households” refers to households and non-profit institutions serving households (ESA 2010 sectors S.14 and S.15) and “banks” refers to monetary financial institutions except central banks and money market funds (ESA 2010 sector S.122).
    • The composite cost-of-borrowing indicators are described in the article entitled “Assessing the retail bank interest rate pass-through in the euro area at times of financial fragmentation” in the August 2013 issue of the ECB’s Monthly Bulletin (see Box 1). For these indicators, a weighting scheme based on the 24-month moving averages of new business volumes has been applied, in order to filter out excessive monthly volatility. For this reason the developments in the composite cost of borrowing indicators in both tables cannot be explained by the month-on-month changes in the displayed subcomponents. Furthermore, the table on bank interest rates for corporations presents a subset of the series used in the calculation of the cost of borrowing indicator.
    • Interest rates on new business are weighted by the size of the individual agreements. This is done both by the reporting agents and when the national and euro area averages are computed. Thus changes in average euro area interest rates for new business reflect, in addition to changes in interest rates, changes in the weights of individual countries’ new business for the instrument categories concerned. The “interest rate effect” and the “weight effect” presented in this press release are derived from the Bennet index, which allows month-on-month developments in euro area aggregate rates resulting from changes in individual country rates (the “interest rate effect”) to be disentangled from those caused by changes in the weights of individual countries’ contributions (the “weight effect”). Owing to rounding, the combined “interest rate effect” and the “weight effect” may not add up to the month-on-month developments in euro area aggregate rates.
    • In addition to monthly euro area bank interest rate statistics for June 2025, this press release incorporates revisions to data for previous periods. Hyperlinks in the main body of the press release lead to data that may change with subsequent releases as a result of revisions. Unless otherwise indicated, these euro area statistics cover the EU Member States that had adopted the euro at the time to which the data relate.
    • As of reference period December 2014, the sector classification applied to bank interest rates statistics is based on the European System of Accounts 2010 (ESA 2010). In accordance with the ESA 2010 classification and as opposed to ESA 95, the non-financial corporations sector (S.11) now excludes holding companies not engaged in management and similar captive financial institutions.

    MIL OSI Europe News –

    August 5, 2025
  • MIL-OSI Europe: Focus on economic empowerment and men’s violence against women

    Source: Government of Sweden

    There is a need to further explore the connections between economic empowerment and preventing men’s violence against women, including economic violence. The Swedish Presidency of the Council of the European Union will therefore arrange a conference on this theme on 1–2 February. Sweden’s Minister for Gender Equality and Deputy Minister for Employment Paulina Brandberg will open the conference. In addition, European Commissioner for Equality Helena Dalli and Carlien Scheele, European Institute for Gender Equality Director will participate.

    MIL OSI Europe News –

    August 5, 2025
  • MIL-OSI Europe: Entry restrictions on travel from China to be lifted, but Government continues to monitor developments

    Source: Government of Sweden

    At a press conference on 16 February, Minister for Social Affairs and Public Health Jakob Forssmed announced that the temporary entry restrictions on travel from China will be lifted. The restrictions meant that travellers from China were required to present a negative COVID-19 test result. The temporary entry restrictions will cease to apply on 18 February 2023.

    MIL OSI Europe News –

    August 5, 2025
  • MIL-OSI: The recording of Artea Bank Investor Conference Webinar of introducing the financial results for 6M 2025

    Source: GlobeNewswire (MIL-OSI)

    During the Investor Conference Webinar by Vytautas Sinius, CEO and Tomas Varenbergas, Head of Investment Management Division introduced the Bank’s financial results for 6M 2025 and recent developments and answered the participant questions afterwards.

    The recording of it can be found on Nasdaq youtube channel there.

    Presentation and the recording of webinar are also posted on the Bank’s website https://www.artea.lt/en/investors

    Artea Bank thanks all participants.

    If you would like to receive Artea Bank news for investors directly to your inbox, subscribe to our newsletter.

    Additional information:

    Tomas Varenbergas

    Head of Investment Management Division

    tomas.varenbergas@artea.lt , +370 610 44447

    The MIL Network –

    August 5, 2025
  • MIL-OSI: MEXC Concludes Golden Era Showdown with 350,000 USDT Gold Bar Awarded in Europe

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, July 31, 2025 (GLOBE NEWSWIRE) — MEXC, a leading global cryptocurrency exchange, held an offline awards ceremony in Europe to thank users for their enthusiastic participation in its Golden Era Showdown mid-year trading event. MEXC presented the 100-ounce gold bar grand prize, valued at 350,000 USDT, to the lucky winner.

    The Golden Era Showdown attracted over 200,000 participants and unlocked a 4 million USDT prize pool during its three-week run. The event generated 376,908 daily scratch card chances, 16,635 weekly lucky draw chances, and 5,666 lucky lottery tickets.

    Notably, the event’s grand prize utilized an innovative Bitcoin blockchain hash methodology to ensure complete transparency and fairness. The ultimate lottery was determined by the last 5 digits of the first Bitcoin block hash generated after 12:00:00 UTC on July 4, 2025. The winning number was 70270, with winners selected by closest match. The 100-ounce gold bar (valued at 350,000 USDT) corresponded to lottery number 00270, while the 1 BTC prize (valued at approximately 110,000 USDT) was awarded to lottery number 05270.

    Other major winners included 0.5 BTC (valued at approximately 55,000 USDT), lottery number 04270; 0.3 BTC (valued at approximately 33,000 USDT), lottery number 03270; and 0.1 BTC (valued at approximately 11,000 USDT), lottery number 02270. Additionally, detailed information about Expert Prize, Weekly Surprises, and Daily Prize winners can be found on the MEXC official website.

    At the awards ceremony, winner Soufyan shared his initial reaction to the notification. “When I first got the notification, I couldn’t believe it was real. I kept double-checking until I confirmed it was actually me,” he said.

    Soufyan has been using MEXC for about 1.5 years. Initially, he decided to switch to MEXC after hearing many positive reviews about its competitive low fees, frequent events, and generous user rewards. “Since I started using MEXC, I’ve barely used other platforms.” Soufyan explained. When asked for advice to new investors, he suggested avoiding emotional trading and excessive leverage. He also expressed optimism about AI sector tokens this year, emphasizing those with real-world applications rather than speculative projects.

    The success of Golden Era Showdown underscores MEXC’s philosophy of putting users first through generous rewards and cutting-edge transparency measures. The event’s record-breaking participation reflects the strong trust users place in the platform, while the seamless prize distribution demonstrates MEXC’s commitment to empowering users and delivering on its promises.

    About MEXC
    Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto.” Serving over 40 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, everyday airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.
    MEXC Official Website| X | Telegram |How to Sign Up on MEXC

    Photo accompanying this announcement is available at:

    https://www.globenewswire.com/NewsRoom/AttachmentNg/cfdfb0e3-512a-469c-ae51-b861528a2632

    The MIL Network –

    August 5, 2025
  • MIL-OSI Economics: Underwriting Auction for sale of Government Securities for ₹32,000 crore on August 01, 2025

    Source: Reserve Bank of India

    Government of India has announced the sale (re-issue) of Government Securities, as detailed below, through auctions to be held on August 01, 2025 (Friday).

    As per the extant scheme of underwriting commitment notified on November 14, 2007, the amounts of Minimum Underwriting Commitment (MUC) and the minimum bidding commitment under Additional Competitive Underwriting (ACU) auction, applicable to each Primary Dealer (PD), are as under:

    (₹ crore)
    Security Notified Amount  MUC amount per PD Minimum bidding commitment per PD under ACU auction
    6.68% GS 2040 16,000 381 381
    6.90% GS 2065 16,000 381 381

    The underwriting auction will be conducted through multiple price-based method on August 01, 2025 (Friday). PDs may submit their bids for ACU auction electronically through Core Banking Solution (E-Kuber) System between 09:00 A.M. and 09:30 A.M. on the day of underwriting auction.

    The underwriting commission will be credited to the current account of the respective PDs with RBI on the day of issue of securities.

    Ajit Prasad          
    Deputy General Manager
    (Communications)    

    Press Release: 2025-2026/813

    MIL OSI Economics –

    August 5, 2025
  • Myanmar forms commission led by junta chief to hold elections, state media says

    Source: Government of India

    Source: Government of India (4)

    Myanmar’s ruling junta announced the formation of a 11-member commission led by military chief Min Aung Hlaing to hold an election in the war-torn country, state media reported on Thursday.

    The junta did not announce a date for the election and Min Aung Hlaing will continue to effectively remain in charge of the country, in his capacity as the interim president who will oversee the vote, MRTV reported.

    The proposed election, which Min Aung Hlaing on Wednesday confirmed would take place in December, will be the first national vote since a 2021 coup sparked a civil war and plunged the Southeast Asian nation into chaos.

    Min Aung Hlaing will remain commander in chief of the armed forces while serving as interim president.

    (Reuters)

    August 5, 2025
  • MIL-OSI Africa: Petrofund Launches Flagship Scholarship to Empower Namibian Youth in Oil and Gas

    Source: APO

    Namibia’s Petroleum Training and Education Fund (Petrofund) officially launched its flagship scholarship program during the 2nd Youth in Oil and Gas Summit, reinforcing its commitment to building a highly skilled national workforce for the country’s burgeoning oil and gas sector. The new scholarship complements the Namibian government’s free tertiary education policy by fully funding undergraduate and postgraduate students in engineering, geosciences, paramedics and technical vocational training disciplines relevant to upstream oil and gas operations. Courses will be offered at accredited institutions across the Southern African Development Community region and internationally.

    As the voice of the African energy sector, the African Energy Chamber (AEC) commends Petrofund’s leadership and forward-thinking strategy to anchor Namibian youth at the core of the country’s growing energy economy. With major discoveries in the Orange Basin and increasing momentum towards first oil, initiatives like this are essential to ensure local capacity meets international operational standards.

    In addition to its flagship scholarship program, Petrofund has introduced several strategic initiatives to accelerate youth integration into Namibia’s oil and gas industry. Through its expanded on-the-job training program, more than 82 young professionals have been deployed across various technical roles in collaboration with premier service and operating companies including TechnipFMC, SBM, Subsea 7, Baker Hughes, Halliburton, SLB, BW Energy, Shell, ReconAfrica, TotalEnergies and QatarEnergy. Petrofund has also signed ten memoranda of understanding to deepen these partnerships and enhance practical industry exposure. Additionally, the government-led fund is developing a national oil and gas CV repository – set to launch in Q4 2025 – to bridge the gap between skilled graduates and industry demand.

    Petrofund is also strengthening its collaboration with Namibian institutions of higher learning. Partners include the Namibia University of Science and Technology and University of Namibia, along with regulatory authorities such as the Namibia Qualifications Authority; National Council for Higher Education; Namibia Training Authority; and Ministry of Education, Innovation, Youth, Sports, Art and Culture. This initiative aims to introduce and accredit more oil and gas-related programs locally, enhancing access to technical education aligned with global industry standards. To date, Petrofund has invested over N$115 million to support 438 Namibians in petroleum-related studies, achieving a 90% internship and employment placement rate for its Master’s level beneficiaries.

    As Namibia progresses towards final investment decisions for high-impact offshore projects led by operators such as TotalEnergies and Shell, this program ensure that Namibians are equipped with the technical expertise to actively participate and lead in-country value creation. Imminent first production means Petrofund’s holistic approach to human capital development can align with the country’s Local Content Policy and sets the foundation for long-term, inclusive growth. The AEC supports these efforts as a model for Africa’s youth empowerment in energy.

    “Petrofund is setting the standard for what youth empowerment in Africa’s energy sector should look like. By aligning skills development with industry demand and embracing inclusivity, Namibia is not just preparing its young people for jobs – it’s preparing them for leadership. The Chamber fully supports these efforts, which will ensure that Namibians are not just bystanders, but key drivers of their energy future,” states NJ Ayuk, Executive Chairman, AEC.

    Distributed by APO Group on behalf of African Energy Chamber.

    Media files

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    MIL OSI Africa –

    August 5, 2025
  • MIL-OSI Africa: Op-Ed: Financing Energy Access in Africa: Leveraging Fossil Fuel Revenues to End Energy Poverty

    Source: APO

    NJ Ayuk, Executive Chairman of the African Energy Chamber
     

    In an emissions-focused world, do oil and gas revenues have a role to play in ending energy poverty in Africa? It may sound counterintuitive, but many would argue that they do, albeit as enablers of a future powered by alternative energy sources.  

    The key lies in recognizing that Africa’s situation is unique, and solutions take time, building on what we have and what we can do with it. This means that, in working towards a just energy transition, the continent’s oil and gas resources shouldn’t be viewed as obstacles that need to be immediately replaced by renewable energy sources. Instead, rather than prematurely phasing out fossil fuels in response to global pressure, Africa should harness these revenues responsibly to finance its energy transition and ultimately eradicate energy poverty. 

    Prioritizing Development Alongside Sustainability 

    Nearly 600 million Africans still live without access to electricity (https://apo-opa.co/3IV6Rd8). This access is a fundamental human right, yet energy poverty remains one of the continent’s most significant barriers to development. This undermines health systems, education, industrialization, and dignity. As the world debates how to rapidly achieve net-zero, Africa’s priority is different: how to power its people now, while building a sustainable future. 

    Measuring Africa’s energy transition progress against external calls for an abrupt end to fossil fuels risks leaving millions behind. Our continent contributes less than 4% (https://apo-opa.co/40Ilfvu) to global emissions, yet we are expected to decarbonize at the same pace as industrialized nations that built their wealth on hydrocarbons. 

    Instead, the continent’s abundance of fossil fuels should be viewed as a bridge, not a barrier. The African Energy Chamber (AEC) Africa-Paris Declaration (https://apo-opa.co/4l4JTO2) underscores this principle – Africa’s oil and gas revenues can and must be used as a financial lever to invest in electrification, clean energy, and infrastructure projects. This pragmatic and just approach prioritizes development alongside sustainability, not instead of.  

    There are several ways to achieve this. First, reinvesting oil and gas revenues into rural electrification can transform communities. Decentralized solutions like off-grid solar and mini-grids offer practical ways to reach remote areas. Although urban dwellers do experience power outages, for many rural populations, it’s a way of life. For the mother cooking with firewood or the student studying by candlelight, a small solar grid is life-changing. Fossil fuel revenues can finance these systems at scale, bridging the immediate access gap while longer-term grid expansions are in progress.  

    Second, establishing innovative financing mechanisms is essential. For instance, the fledgling Africa Energy Bank (https://apo-opa.co/4laFrh1) aims to bridge the continent’s estimated $31 billion to $50 billion annual energy funding gap by focusing predominantly on financing energy projects. Launched in 2025, the bank is poised to play a transformative role in mobilizing capital for African energy projects. Additionally, global investors are increasingly exploring energy investment opportunities in Africa. In support of this, development finance institutions, such as the African Development Bank, the World Bank, and the International Finance Corporation, are de-risking investments by offering concessional loans, guarantees, and technical assistance, making investment in African energy projects more attractive.  

    Third, policy reforms that create enabling environments are critical. Here, governments have a role to play in prioritizing revenue-generating projects, creating stable regulatory frameworks, and offering incentives for public-private partnerships. This will support investment, reduce risks, and unlock the transformative power of energy access. 

    These solutions demonstrate the importance of a fair and equitable transition and the vital role that fossil fuels will continue to play in achieving this goal. They also prove that this goal is achievable, even if it is on the continent’s own terms. 

    Unique Solutions to Africa’s Energy Challenges 

    Africa’s path to net-zero has the same end goal as the rest of the world, but it can’t mirror their journey. Our starting points are different, and our development needs are urgent. We understand that climate action can’t be delayed. But it can be just, inclusive, and rooted in African realities. And it can also be supported by revenues from our abundant natural resources.   

    The Africa-Paris Declaration notes that ‘a fair transition recognizes that fossil fuels remain valuable for Africa’s development, prosperity, and energy access goals. Africa doesn’t need to choose between oil and gas or renewables. Given our current position, all are important and require both strategic and sensible deployment. Fossil fuels generate the revenues to invest in solar, wind, hydropower, and grid infrastructure. They fuel industries that create jobs. They support healthcare, education, and innovation. 

    When managed responsibly, Africa’s fossil fuel revenue can serve as a bridge to a brighter, greener, and more prosperous continent. Will it be quick and easy? No. Will some question the approach? Most certainly. But the alternative is leaving hundreds of millions of people in the dark. 

    Distributed by APO Group on behalf of TotalEnergies.

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    MIL OSI Africa –

    August 5, 2025
  • MIL-OSI Africa: 5 Reasons to Consider Payroll Outsourcing

    Source: APO

    Accurate and timely payroll impacts costs, tax compliance, and employee morale. Many organisations assume that insourced payroll is inherently superior. Yet in today’s dynamic business environment, this assumption can be more costly. It can burden valuable personnel, increase compliance risks, and saddle organisations with expensive, yet obsolete, software.

    Workplaces are becoming more complex through a wide variety of employment conditions, frequent regulation changes, and growth risks (especially when operating in multiple regions). Payroll systems don’t always keep up, which is why over a third of companies are dissatisfied with their internal payroll systems (http://apo-opa.co/45tJ0Ko).

    “The importance of accurate and timely payroll is undeniable. But assuming that insourcing payroll is inherently superior misses the mark. In today’s dynamic business environment, clinging to outdated internal systems is costly, diverts valuable personnel, and complicates software management,” says Heinrich Swanepoel, Head of Business Development at Deel Local Payroll, powered by PaySpace.

    Outsourced payroll’s strategic advantages

    Outsourcing payroll is a strategic move that adds scale and flexibility to an organisation’s operations. Whether it’s for five or five thousand employees, one office or multiple countries, using an experienced and technologically capable outsourced payroll provider creates crucial advantages in workforce management and adaptability.

    Here are five key reasons why payroll outsourcing is a game-changer:

    1. Remove Legacy System Limitations and Costs: Outdated payroll software an expose you to delays, errors, and fragmented workflows. Outsourcing with modern technology provides flexibility. Providers can efficiently handle payroll tasks regardless of onboarding surges, market expansions, or workforce adjustments.
    1. Empower Staff for Higher-Impact Work: Outsourced experts add knowledge, coupled with payroll automation, secure collaboration tools, data integration, and enhanced financial visibility. They help key personnel in payroll, HR, and finance to focus on strategic, high-value priorities.
    1. Navigate Payroll Compliance: Outsourcing specialists make it their business to know local and international tax rules, labour laws, and data regulations. They use software with built-in compliance checks, audit trails, and secure document tracking. The provider shares and even inherits the responsibility of payroll software compliance such as GDPR, POPIA, SOC 1 & 2, and ISO 27001.
    1. Flexible payroll management: Outsourced payroll providers use scalable and flexible software to align with organisational changes, enabling their clients to adapt without reconfiguring payroll departments with restructuring or new hires.
    1. Access Advanced Features: Keeping up with new features and aligning them with operations is expensive and disruptive. Outsourced payroll providers introduce cutting-edge technologies like cloud computing, artificial intelligence, and data analytics as part of their core business strategies. They offer seamless integration with client business systems for real-time, fully compliant payroll operations that the client controls without adding technical risks.

    Evaluating an outsourced payroll partner

    Outsourcing payroll creates huge advantages. But not all outsourced payroll providers are the same. The best candidates combine human expertise with the advantages of modern cloud-native payroll platforms.

    To evaluate a provider, test their payroll expertise and compliance knowledge. Security and data protection are non-negotiable, and assess their track record with other clients. Look at what software they use—the capabilities of the software and how well their people can use those features are as important as the staff’s professional capabilities. Are they masters of their tools as well as their craft?

    Interrogate their service levels and how they extend capabilities to clients, such as self-service and ad hoc reporting. Evaluate the technology platform in terms of real-time data access, automated calculations, integration with HR and accounting tools, and compliance.

    “Outsourcing payroll isn’t just about saving time — it’s a strategic move that positions your business for growth, compliance, and agility,” says Swanepoel. “With the right partner, you can reduce costs, streamline operations, and focus your energy where it matters most: on your people and your business.”

    Distributed by APO Group on behalf of Deel Local Payroll, powered by PaySpace.

    For media queries please contact:
    Victoria Lindsay:
    victoria@innocomm.co.za.

    About Deel Local Payroll:
    Deel Local Payroll, powered by PaySpace (www.PaySpace.com), revolutionises payroll management. It offers online, multi-country payroll and HR management for businesses from start-ups through to enterprise in over 40 African countries, the United Kingdom, the Middle East, and Brazil.

    Cloud-native, Deel Local Payroll, is scalable, configurable, highly secure, and easy-to-use—delivering anytime, anywhere access. It features payroll automation, self-service features, automatic legislation and feature updates, customised reporting, and more.

    Since 2024, Deel Local Payroll has been part of Deel, operating as an independent subsidiary, serving its customers through the PaySpace platform. 

    Media files

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    MIL OSI Africa –

    August 5, 2025
  • MIL-OSI Africa: Bold Sports marks major digital milestone during Super Falcons’ Women’s Africa Cup of Nations (WAFCON) 2024 victory

    Source: APO

    Bold Sports (www.BoldSportsng.com), Nigeria’s emerging digital sports media platform, announced today that it recorded unprecedented audience growth across its digital platforms during the recently concluded Women’s Africa Cup of Nations (WAFCON) 2024, where the Super Falcons lifted their 10th continental title.

    From July 5 to 26, 2025, the tournament period saw Bold Sports significantly increase its reach and engagement across its digital platforms, positioning it as one of the most active and influential sports content creators in Nigeria during the championship.

    On Facebook, Bold Sports attracted over 18 million video views, with reach climbing to over 4 million users and visits increasing by around 120% to over 120,000. The engagement also rose by over 141% to 1.2 million, while the platform gained more than 65,000 new followers, bringing its total Facebook community to over 130,000 followers.

    TikTok content during the same period recorded over 1.2 million video views, with 90,000 likes, over 13,000 profile views, and a significant increase in user engagement, including comments and shares from football fans across the continent.

    The official website, www.BoldSportsng.com, crossed 20,000 page views, while the brand’s YouTube channel registered over 146,000 views, fueled largely by interactive watch-along sessions and fan commentary during matchdays.

    “The Super Falcons’ journey to a 10th WAFCON title was a historic moment for Nigerian football, and we were proud to capture it with the energy and passion it deserved,” CEO and Editor-in-Chief of Bold Sports, Tosin Oluwalowo, said. “We made a clear decision to cover the tournament from a fan-first, Nigerian perspective — and the numbers show that our audience responded powerfully to that approach.”

    “Bold Sports really came through during WAFCON,” Tolu Onigbinde, a Nigerian football fan based in Lagos said. “It wasn’t just the scores from the matches, they made us feel like part of the journey. From the behind-the-scenes stories to the fan banter and post-match reactions, it felt fresh. I followed everything through them.”

    Chief Operating Officer and Managing Editor, Kelvin Ekerete, added: “What we’ve seen in the past few weeks validates our belief that Nigerian fans want relatable, and quality content. Our team worked tirelessly across formats and the audience stayed with us every step of the way.”

    The Super Falcons sealed their historic title win by defeating host nation Morocco 1–0 in the final played in Casablanca. The victory also marked the successful achievement of the Nigeria Football Federation’s “Mission X” campaign, which was launched prior to the tournament with the goal of winning Nigeria’s 10th WAFCON crown

    Throughout the tournament, Bold Sports delivered dynamic coverage, including pre-match previews, behind-the-scenes, player features, match reactions, and engaging social commentary that resonated deeply with fans in Nigeria and across Africa.

    The growth achieved during WAFCON 2024 highlights Bold Sports’ rising status as a trusted voice in Nigerian sports media, and underlines the company’s mission to tell Nigerian sports stories through a proudly local, digital-first lens.

    Distributed by APO Group on behalf of Bold Sports.

    Media Contact:
    admin@boldsportsng.com

    Follow Us:
    Instagram: https://apo-opa.co/44Udy7Z
    Facebook: https://apo-opa.co/45hZV1v
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    About Bold Sports:
    Bold Sports, published by Bold Media Innovations & Creative Hub Limited, is Nigeria’s leading digital sports media platform, providing high-quality, data-driven coverage of Nigerian athletes at home and abroad. Through video, storytelling, and real-time engagement, Bold Sports connects a passionate community of fans with the moments that matter — from grassroots to global competitions.

    With a bold, multimedia-first approach, we celebrate Nigeria’s sporting excellence and foster national pride across generations and geographies.

    Motto: Boldly Nigerian. Passionately Sporty.

    Website: www.BoldSportsng.com

    Media files

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    MIL OSI Africa –

    August 5, 2025
  • MIL-OSI China: China’s new growth drivers see rapid expansion

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

    China’s new growth drivers continued to expand steadily in 2024, contributing a greater share to the country’s gross domestic product (GDP), official data showed Thursday.

    The value-added output of these emerging sectors, comprising new industries, new business formats, and new business models, increased by 6.7 percent year on year last year, the National Bureau of Statistics said.

    Their share of GDP rose to 18.01 percent in 2024, marking a 0.43 percentage point increase from the previous year.

    Meanwhile, recent data showed that the country’s high-tech sectors sustained rapid expansion in the first half of 2025, with value-added industrial output in high-tech manufacturing rising by 9.5 percent. This growth rate was 3.1 percentage points higher than that of the overall industrial output during the same period.

    MIL OSI China News –

    August 5, 2025
  • MIL-OSI China: Chinese products deliver cool comforts to world amid heatwaves

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

    As global temperatures hit record highs and heatwaves blanket most of the Northern Hemisphere, Chinese manufacturers are stepping up with innovative cooling solutions, from advanced textiles to smart gadgets, to meet surging global demand for heat relief.

    At a new material technology company in east China’s Zhejiang Province, a batch of cooling fabric rolled off the production line and was then neatly packaged before being loaded into 18 containers for export.

    Measuring approximately 4 million meters in length, this load of fabric, valued at more than 7 million yuan (roughly 980,000 U.S. dollars), will be sold to markets in the Middle East, Europe and North America.

    Since 2021, this cool-touch material has driven average annual sales growth of about 25 percent for its manufacturer Yibei, a company based in the city of Huzhou in northern Zhejiang, while delivering heat-relief solutions to consumers worldwide, said Zhu Yifan, general manager of Yibei.

    Originally designed as a garment lining, this material’s affordability and skin-friendly comfort have fueled unexpected demand for it as a primary fabric, especially after the 2022 FIFA World Cup in Qatar, when it gained viral traction in countries like Türkiye, Egypt, Iran and the United Arab Emirates to make scarves and robes.

    The EU-funded Copernicus Climate Change Service has confirmed the year 2024, recording a global average temperature of 15.1 degrees Celsius, as the warmest year globally since 1850, and June 2025 as the world’s third-warmest June on record, reaching 16.46 degrees Celsius globally.

    Amid the global warming trend, Chinese textile manufacturers like Yibei are innovating their products and scaling production to satisfy surging demand for cooling products.

    On JD.com, a major Chinese e-commerce platform, searches for “cool touch” products reveal nearly 20 cooling items, including towels, bedsheets and pillows. The best-selling cooling towel has surpassed 4 million orders, with its inner layer containing menthol and other active cooling ingredients that release long-lasting coolness when exposed to water.

    “With intensifying global climate change and consumers’ increasing pursuit of quality of life, the demand for cooling products has prompted companies to explore different materials, techniques and functional cooling products,” said Dai Junming, an industrial expert of the modern textile technology innovation center of Zhejiang.

    A leading province in China’s textile industry, Zhejiang exported textiles and apparel worth 92 billion U.S. dollars in 2024, accounting for more than 30 percent of the country’s total.

    The cooling boom is not limited to textiles. Data from Alibaba.com, the cross-border B2B platform of China’s e-commerce giant Alibaba, show that portable mini fans, mobile air conditioners, ice makers, double-door refrigerators and freezers have emerged as popular purchased categories over the past month — with sales surging nearly 77 percent and orders increasing by 56 percent year on year.

    Before Father’s Day this year, a U.S. content creator recommended a hat as a gift in her short video on TikTok, amassing over 9 million views and sparking a buying frenzy.

    The star of the video — a sun hat designed with two solar-powered fans aimed at delivering a cool summer experience — hails from the city of Yiwu, also in Zhejiang, which is renowned as a small commodity hub that trades with over 230 countries and regions.

    At Zhejiang Senwai Garments Co., Ltd., which holds the patent for this fan hat’s production and R&D, General Manager Jiang Yongtao revealed that the hat, priced at almost 40 U.S. dollars, began test-marketing in March before surging to popularity two months later.

    Within just 28 days of its official launch, 11,100 units were sold, generating over 3.2 million yuan in revenue. To date, the company has sold some 500,000 units of these fan hats.

    “The hat provides both shade and cooling relief,” Jiang said, noting that the miniature fans can also be charged by USB on cloudy days.

    The company is also developing a winter version — a heated cap intended to transform headwear from mere accessories to therapeutic tools, thereby extending the reach of this “made-in-China” phenomenon beyond summer.

    “Hit products may become outdated, but the ability to consistently identify needs and create bestsellers never will,” Jiang said. 

    MIL OSI China News –

    August 5, 2025
  • MIL-OSI Australia: Serious crash Ethelton

    Source: New South Wales – News

    Police are on the scene of a serious crash at Ethelton.

    Just after 5pm today emergency services were called to the intersection of Maud Street and Carlisle Street after reports of a crash involving a motorbike.

    Carlisle Road is currently closed to traffic.

    Major Crash Investigators are attending the scene.

    Please avoid the area.

    MIL OSI News –

    August 5, 2025
  • MIL-OSI Australia: Arrest after fatal crash at Tranmere

    Source: New South Wales – News

    A man has been arrested following a fatal crash last week.

    A pedestrian was struck by a Honda sedan on Glynburn Road, near Richardson Avenue, Tranmere, just before 6am on Friday 25 July.

    Sadly, the 53-year-old Tranmere woman died at the scene.

    Neither the driver, a 21-year-old Hectorville man, nor his 24-year-old passenger were physically injured in the collision.

    Today, Thursday 31 July, Major Crash Investigators arrested the driver of the Honda. He has been charged with causing death by dangerous driving.

    He was granted police bail to appear in Adelaide Magistrates Court on 15 October.

    MIL OSI News –

    August 5, 2025
  • MIL-OSI Europe: OLAF Director-General Ville Itälä concludes 7-year mandate

    Source: European Anti-Fraud Offfice

    Press release no. 23/2025

    PDF version

    The European Anti-Fraud Office (OLAF) announces the departure of Ville Itälä, who has concluded his non-renewable seven-year term as Director-General of OLAF. Itälä played a pivotal role in strengthening the EU’s fight against fraud. During his tenure, OLAF closed 1,588 investigations, recommended the recovery of over €4 billion in misused EU funds, and prevented the undue spending of more than €810 million. 

    Appointed in 2018, Mr Itälä led OLAF through a period marked by major challenges and unprecedented developments in the protection of the European Union’s financial interests – from the COVID-19 pandemic, during which OLAF prevented the undue spending of billions on fake medical supplies and vaccines, to the EU’s response to Russian invasion of Ukraine, where OLAF worked to enforce sanctions and bolster Ukraine’s anti-fraud system. 

    During Mr Itälä’s tenure, OLAF successfully concluded numerous high-profile investigations and reinforced its role as a central pillar in the EU’s anti-fraud architecture. Moreover, over the course of seven years, OLAF continuously improved its effectiveness, built capacity and competences, helped to recover misused funds, protected citizens’ health and safety and safeguarded the environment. 

    Mr Itälä also enhanced OLAF’s cooperation with key anti-fraud partners including the European Court of Auditors (ECA) Europol, Eurojust, as well as the European Public Prosecutor’s Office (EPPO), whose creation he witnessed.

    “It has been an honour to lead OLAF in its vital mission of protecting European taxpayers’ money and promoting integrity within the EU institutions. I am proud of what we have achieved together – from strengthening OLAF’s investigative capabilities to fostering strong partnerships across Europe and beyond. I extend my sincere thanks to my colleagues and partners for their unwavering dedication and professionalism,” said Ville Itälä. 

    With the conclusion of Mr Itälä’s mandate, current Deputy Director-General Salla Saastamoinen will assume the role of Acting Director-General of OLAF as of 1 August 2025, ensuring continuity of leadership until the appointment of a new Director-General, the selection process of which is ongoing. 

    OLAF remains fully committed to its mission to detect, investigate and prevent fraud and other illicit activities affecting the EU budget. The Office will continue its work in close cooperation with national, EU and international partners to safeguard Union’s financial interests. 

    Background 

    In line with procedures, the Director-General is appointed via a competitive selection process, followed by public hearings at the European Parliament and a formal appointment by the European Commission. As of the end of July 2025, the selection procedure remains in progress, with candidates being evaluated in accordance with applicable rules.

    OLAF mission, mandate and competences:
    OLAF’s mission is to detect, investigate and stop fraud with EU funds.    

    OLAF fulfils its mission by:
    •    carrying out independent investigations into fraud and corruption involving EU funds, so as to ensure that all EU taxpayers’ money reaches projects that can create jobs and growth in Europe;
    •    contributing to strengthening citizens’ trust in the EU Institutions by investigating serious misconduct by EU staff and members of the EU Institutions;
    •    developing a sound EU anti-fraud policy.

    In its independent investigative function, OLAF can investigate matters relating to fraud, corruption and other offences affecting the EU financial interests concerning:
    •    all EU expenditure: the main spending categories are Structural Funds, agricultural policy and rural development funds, direct expenditure and external aid;
    •    some areas of EU revenue, mainly customs duties;
    •    suspicions of serious misconduct by EU staff and members of the EU institutions.

    Once OLAF has completed its investigation, it is for the competent EU and national authorities to examine and decide on the follow-up of OLAF’s recommendations. All persons concerned are presumed to be innocent until proven guilty in a competent national or EU court of law.

    For further details:

    Pierluigi CATERINO
    Spokesperson
    European Anti-Fraud Office (OLAF)
    Phone: +32(0)2 29-52335  
    Email: olaf-media ec [dot] europa [dot] eu (olaf-media[at]ec[dot]europa[dot]eu)
    euantifraud.bsky.social

    If you’re a journalist and you wish to receive our press releases in your inbox, please leave us your contact data.

    MIL OSI Europe News –

    August 5, 2025
  • MIL-OSI United Kingdom: MHRA outlines intent to speed up patient access to innovative medical devices

    Source: United Kingdom – Executive Government & Departments

    News story

    MHRA outlines intent to speed up patient access to innovative medical devices

    Statement of Policy Intent sets out initial thinking on a new Early Access service to help patients benefit sooner from innovative medical devices that address unmet clinical needs.

    The Medicines and Healthcare products Regulatory Agency (MHRA) is setting out its intention to enable earlier access to innovative medical devices that address unmet clinical needs within the NHS. As part of this, capability will be invested to establish a new Early Access service to provide time-limited, conditional access to promising technologies ahead of full regulatory approval, where there is clear clinical need and supporting evidence of benefit for patients.

    Designed to support innovators, including small and medium-sized enterprises, the Early Access service aims to help bring safe and effective medical devices to patients more quickly. Focus initially will be on innovative diagnostic devices, particularly those supporting the NHS’s most urgent needs.  

    This forms part of the MHRA’s wider contribution to the UK Government’s Life Sciences Sector Plan and the 10-Year Health Plan, and supports the UK’s ambition to be a global leader in medical device innovation.

    The Early Access service will use learnings from the Unmet Clinical Need Authorisation (UCNA) tool piloted in the Innovative Devices Access Pathway (IDAP), and be shaped by stakeholder engagement with key sector representatives.

    The initiative sits within a broader programme of regulatory reform, including strengthened post-market surveillance and increased international collaboration. The MHRA will continue to work with industry, clinicians, NHS leaders and other partners to shape the pathway and support growth across the UK MedTech sector.

    Notes to editors  

    1. For more information on the statement of policy intent, visit [Statement of Policy Intent: Early Access to Innovative Medical Devices] (https://gov.uk/government/publications/statement-of-policy-intent-early-access-to-innovative-medical-devices)

    2. For more information on the Innovative Devices Accelerated Pathway (IDAP) visit the MHRA website: The Innovative Devices Access Pathway (IDAP) – GOV.UK

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    Updates to this page

    Published 31 July 2025

    MIL OSI United Kingdom –

    August 5, 2025
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