NewzIntel.com

Category: Economy

  • MIL-OSI United Kingdom: New rules to end Buy-Now, Pay-Later wild-west, protect millions of shoppers and drive growth

    Source: United Kingdom – Executive Government & Departments

    News story

    New rules to end Buy-Now, Pay-Later wild-west, protect millions of shoppers and drive growth

    Over 10 million people who use Buy-Now, Pay-Later (BNPL) products will gain stronger rights and clearer protections under new rules – stopping unaffordable borrowing and helping families keep more of their money.

    • Millions of Buy-Now, Pay-Later shoppers to gain stronger rights and clearer information – in line with other types of credit ending the ‘wild west’ of unregulated borrowing. 

    • New rules include affordability checks to stop people racking up unaffordable debt, and faster access to refunds to protect working people as part of the Plan for Change. 

    • Comes alongside reforms to the 50-year-old Consumer Credit Act to deliver a modern, pro-growth framework that reflects how people borrow today. 

    From next year, BNPL firms will need to follow consistent standards — so shoppers will know exactly what they’re signing up to when they opt to break up payments, whether they can afford it, and how to get help when things go wrong. 

    That means upfront checks to make sure people can repay what they borrow, fairer and faster access to refunds, and the right to complain to the Financial Ombudsman — bringing BNPL in line with other credit products.  

    BNPL is a useful tool when used responsibly to help people manage their finances and has grown rapidly with an extra 2 million people using the product since 2022. 

    The changes will boost consumer confidence while giving firms the certainty they need to innovate, grow and invest — delivering on the government’s Plan for Change to grow the economy, unlock investment, create jobs and put more money into people’s pockets. 

    Emma Reynolds, Economic Secretary to the Treasury, said: 

    Buy-Now, Pay-Later has transformed shopping for millions, but for too long has operated as a wild west – leaving consumers exposed.

    These new rules will protect shoppers from debt traps and give the sector the certainty it needs to invest, grow, and create jobs through our Plan for Change.

    The announcement is backed by brand new reforms to the Consumer Credit Act — which will replace a 50-year-old regime with a modern, pro-growth framework that reflects how people borrow today. 

    Outdated and confusing rules will be removed, with oversight shifting to the FCA’s more flexible system — cutting unnecessary burdens on business while strengthening protections for consumers.  

    Further information

    • The government is today publishing the response to the consultation on BNPL first announced in October 2024 and has confirmed that the legislation bringing BNPL into regulation will be laid in Parliament on 19 May.

    Updates to this page

    Published 19 May 2025

    MIL OSI United Kingdom –

  • MIL-OSI: UP Fintech Holding Limited to Report First Quarter 2025 Financial Results on May 30, 2025

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, May 19, 2025 (GLOBE NEWSWIRE) — UP Fintech Holding Limited (“UP Fintech” or the “Company”) (NASDAQ: TIGR), a leading online brokerage firm focusing on global investors, today announced that it will report its financial results for the first quarter ended March 31, 2025, before the U.S. market opens on May 30, 2025.

    UP Fintech’s management will hold an earnings conference call at 8:00 AM on May 30, 2025, U.S. Eastern Time (8:00 PM on May 30, 2025, Singapore/Hong Kong Time).

    Conference Call Information:

    All participants wishing to attend the call must preregister online before they may receive the dial-in numbers. Preregistration may require a few minutes to complete.

    Preregistration Information:

    Please note that all participants will need to pre-register for the conference call, using the link: 

    https://register-conf.media-server.com/register/BId8a2d4cd09e14653b3533b8d3745dfa0

    It will automatically lead to the registration page of ” UP Fintech Holding Limited First Quarter 2025 Earnings Conference Call “, where details for RSVP are needed.

    Upon registering, all participants will be provided with confirmation emails with participant dial-in numbers and personal PINs to access the conference call. Please dial in 10 minutes prior to the call start time using the conference access information.

    Additionally, a live and archived webcast of the conference call will be available at https://ir.itigerup.com.

    About UP Fintech Holding Limited

    UP Fintech Holding Limited is a leading online brokerage firm focusing on global investors. The Company’s proprietary mobile and online trading platform enables investors to trade in equities and other financial instruments on multiple exchanges around the world. The Company offers innovative products and services as well as a superior user experience to customers through its “mobile first” strategy, which enables it to better serve and retain current customers as well as attract new ones. The Company offers customers comprehensive brokerage and value-added services, including trade order placement and execution, margin financing, IPO subscription, ESOP management, investor education, community discussion and customer support. The Company’s proprietary infrastructure and advanced technology are able to support trades across multiple currencies, multiple markets, multiple products, multiple execution venues and multiple clearinghouses. For more information on the Company, please visit: https://ir.itigerup.com.

    Investor Relations Contact

    UP Fintech Holding Limited
    Email: ir@itiger.com

    The MIL Network –

  • MIL-OSI Global: Britain’s net zero construction workforce is already at risk of burn out

    Source: The Conversation – UK – By Simon Addyman, Associate Professor in Project Management, UCL

    Kittirat Roekburi/Shutterstock

    The pressure of decarbonising industrial sectors is weighing on workers.

    The UK’s Labour government seeks a low-carbon and homegrown energy supply by 2030. The scale and pace of this transformation is unprecedented in the country’s power sector, and will involve building twice as much transmission infrastructure (pylons, cables, substations) in the next five years as was built over the last decade.

    Much of the workforce will be drawn from the construction sector, which employs 2.3 million people. Construction forms the dominant supply chain to the 17 major infrastructure projects involved in an overhaul of the electricity grid that will connect new wind farms in the North Sea and northern Scotland to homes and businesses across Great Britain.

    The workers “on the tools” who will carry out much of this transformation are struggling. The latest analysis from the Office for National Statistics suggests that the suicide risk of construction workers is three times higher than the male national average. Scholars of construction project management have identified a toxic workplace culture in the industry, citing aggressive market competition and demanding performance metrics.

    Get your news from actual experts, straight to your inbox. Sign up to our daily newsletter to receive all The Conversation UK’s latest coverage of news and research, from politics and business to the arts and sciences.

    This is a problem that is largely being ignored. When planners at the National Energy System Operator assessed the UK’s capacity to build a clean power sector by 2030, they considered the absolute number of workers needed, the skills required and how employment is changing in the sector.

    Their assessment failed to consider the broader implications for workforce mental health and wellbeing of such a quick and comprehensive upgrade – but it is people who are going through a rapid transition, not just infrastructure.

    Expect more of these in years to come.
    J R Patterson/Shutterstock

    Going green, feeling blue

    Construction workers already endure long hours and stress due to tight deadlines. A rapid transition to green power will substantially increase their workload, unless managed carefully.

    Our report, published July 2024, looked into wellbeing and suicide in the construction industry. We concluded that the UK government, major infrastructure owners such as National Grid and their supply chain partners who provide specialist design and construction services, must work together to solve this problem.

    Major infrastructure owners offer mental health services, such as confidential counselling, legal advice and financial guidance, to help their own employees manage personal or work-related issues. But most workers on the tools are not directly employed by these owners. Most are self-employed, or hired by construction firms, of which 99% are small- and medium-sized enterprises.

    More than 96% of construction firms have fewer than 15 employees. Smaller suppliers of specialist trade skills, like electrical and mechanical installation, have fewer employment protections and more compressed schedules, and are even less likely to have the capacity to provide these services.

    Some infrastructure owners and big construction companies extend their health and wellbeing services to these smaller suppliers. However, in an industry that is dominated by competitive tendering, which favours suppliers that keep costs low, it is no surprise that uptake has been low.

    Owners of infrastructure assets like electricity pylons and substations can drive workplace improvements by adopting procurement models that prioritise suppliers that are offering measures to improve worker wellbeing.

    Research from one of us (Jing Xu) and fellow project management expert Yanga Wu, has shown that the top-down prescriptive approach traditionally applied to health and safety in construction does not work for wellbeing. This requires a bottom-up approach, that makes it easy for workers to tell managers what they are struggling with and what they think would help.

    The construction sector also faces a shortage of workers and skills required for the green transition. The industry training board forecasts that the industry must attract the equivalent of 50,300 extra workers a year to meet expected levels of work over the next five years.

    The UK is not training enough workers to achieve net zero.
    Paya Mona/Shutterstock

    In the power sector, however, there is the additional complication of an ageing workforce, as well as differences in employment conditions between permanent and contract staff. Key expertise is at risk of being lost with retirements. Older workers often face additional pressure, not only to meet performance targets but also to compensate for gaps in expertise, and all within a fast-paced environment.

    To improve mental health and wellbeing among a diverse workforce requires engaging with workers directly and ensuring their voices are heard. This involves more than upgrading technical skills. Research to better understand how organisations can care for their workforce in the context of increasing pressures due to achieving net zero is also vital.

    Further research and collaboration with infrastructure owners and major construction contractors could help manage the risks and provide valuable insights for other sectors that will need to follow suit, such as heating, transport and agriculture.

    It is imperative to consider what a transition means: the technical transition of replacing outmoded technology, as well as the social transition, which prioritises not only skills but workplace mental health. Without a focus on both policy and people, clean power will not be delivered.

    Don’t have time to read about climate change as much as you’d like?

    Get a weekly roundup in your inbox instead. Every Wednesday, The Conversation’s environment editor writes Imagine, a short email that goes a little deeper into just one climate issue. Join the 45,000+ readers who’ve subscribed so far.

    Simon Addyman receives funding from University College London.

    Jing Xu receives funding from University College London.

    – ref. Britain’s net zero construction workforce is already at risk of burn out – https://theconversation.com/britains-net-zero-construction-workforce-is-already-at-risk-of-burn-out-249328

    MIL OSI – Global Reports –

  • MIL-OSI China: China offers 424B yuan in tax, fee relief in Q1 for innovation, manufacturing

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

    China’s tax and fee cuts, as well as tax refunds supporting sci-tech innovation and manufacturing totaled 424.1 billion yuan (58.97 billion U.S. dollars) in the first quarter of 2025, the State Taxation Administration said Monday.

    Value-added tax (VAT) invoice data also indicated that structural tax and fee relief measures are accelerating the country’s innovation momentum and high-quality manufacturing development, said the administration.

    In the first four months of this year, the VAT data showed that the sales revenue of China’s high-tech industries grew by 13.9 percent year on year, while services facilitating the commercialization of scientific and technological achievements jumped 33.6 percent. The core industries of the digital economy also maintained steady growth of 9.7 percent.

    The manufacturing sector also performed strongly, with the digital product manufacturing and high-tech manufacturing both reporting double-digit revenue growth from January to April.

    The administration said tax authorities will continue to ensure the swift and targeted delivery of policy benefits through data-driven services, supporting the cultivation of new quality productive forces and the high-quality development of the manufacturing sector. 

    MIL OSI China News –

  • MIL-OSI China: Xiaomi to unveil breakthrough 3nm chip this week

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

    Xiaomi Corp confirmed on Monday that it will unveil a 3nm Xuanjie O1 chip on Thursday, after over four years of intensive R&D efforts.

    The move will position Xiaomi in direct competition with leading global chipmakers, with the new chip poised to power Xiaomi’s latest smartphones.

    Lei Jun, CEO and chairman of Xiaomi, said via a post on Sina Weibo that the company’s cumulative investment in Xuanjie chip exceeded over 13.5 billion yuan ($1.9 billion) by the end of April 2025.

    Xiaomi now has a 2,500-strong semiconductor R&D team driving innovation, enforcing its position among China’s top three semiconductor design firms in both R&D spending and team scale, Lei said.

    Lei also emphasized the significance of the achievement: “Reaching this milestone demanded unwavering commitment, courage, and substantial technical and financial resources. The Xuanjie O1 marks the beginning of our journey to redefine high-end semiconductor capabilities in the global market.”

    MIL OSI China News –

  • MIL-OSI China: China’s digital economy to exceed 10% of GDP by year-end

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

    The added value of core industries of China’s digital economy is expected to account for more than 10 percent of GDP by the end of this year, as the country accelerates steps to advance its digital development, according to a 2025 action plan to build a Digital China.

    The plan released by the National Data Administration outlines eight major areas for action, including institutional innovation, local brand development, AI Plus, infrastructure improvement, data industry cultivation and digital talent development.

    By the end of 2025, China aims to make great strides in building a Digital China, with the continuous expansion of new quality productive forces in the digital industry, and significant improvements in the quality and efficiency of digital economic development, according to the plan.

    The plan noted that the total scale of China’s computing power will surpass 300 EFLOPS by then. EFLOPS is a unit of the speed of computer systems and is equal to 1 quintillion floating-point operations per second. Steady progress will also be made in building a unified data elements market.

    The plan calls for deepening reforms related to the market-oriented allocation of data elements, speeding up steps to cultivate a unified national data market, facilitating the development of a data-driven digital economy tailored to local conditions and strengthening international cooperation in digital domain.

    More efforts will also be made to explore the application scenarios of AI, push forward the construction of high-quality AI datasets, optimize and upgrade internet of things and industrial internet, press ahead with the mega data project dubbed the “east-data-west-computing”, as well as bolster the development and utilization of public data resources, the plan added.

    MIL OSI China News –

  • MIL-OSI Economics: Secretary-General of ASEAN meets with General Secretary of g7+

    Source: ASEAN – Association of SouthEast Asian Nations

    Secretary-General of ASEAN, Dr. Kao Kim Hourn, today received a courtesy call by General Secretary of g7+, Dr. Helder da Costa, at the ASEAN Headquarters/ASEAN Secretariat. They discussed potential areas of cooperation between both organisations, including conflict resolution and prevention as well as climate finance.

    The post Secretary-General of ASEAN meets with General Secretary of g7+ appeared first on ASEAN Main Portal.

    MIL OSI Economics –

  • India’s manufacturing sector gaining appeal among global investors: S&P Global report

    Source: Government of India

    Source: Government of India (4)

    India has made notable progress in improving its competitiveness and making its manufacturing sector more appealing to global investors, according to a report by S&P Global released on Monday.

    Although manufacturing value added accounts for a modest 17.2 percent of the country’s real gross domestic product (GDP), the government has introduced targeted policy measures aimed at building domestic manufacturing capacity and strengthening India’s position in global supply chains.

    In the long term, India stands to benefit from rising global trade protectionism, which could accelerate supply chain diversification, the report noted.

    India is well-positioned to seize emerging opportunities as global trade and cooperation continue to evolve. Over the past three decades, the country has grown significantly in size, scale, and international influence, and it is on track to become the world’s third-largest economy by fiscal year 2030–31.

    As global economies adapt to changing trade dynamics and tariff-related challenges, India can leverage this momentum to accelerate its manufacturing growth and deepen integration into global supply chains, said the report titled “India Forward: Transformative Perspectives.”

    The report also highlights India’s efforts to promote alternative energy sources in pursuit of a cleaner, self-reliant transportation future.

    The adoption of biofuels is a key part of this strategy. Biofuels offer a “triple-win” solution by addressing energy security, reducing greenhouse gas (GHG) emissions, and creating income opportunities for the agricultural sector.

    India is also expected to follow a path where energy security aligns with revenue security. Recent regulatory changes have opened new opportunities for enhancing crude oil exploration and development as part of the country’s goal of achieving energy self-sufficiency.

    While India has a moderate reliance on external trade for growth, which provides some insulation from global shifts in trade and tariff policies, it is not entirely immune to rising protectionist trends, the report added.

    IANS

  • ICRA revises outlook for Indian telecom tower industry to ‘Stable’ on improved liquidity and timely collections

    Source: Government of India

    Source: Government of India (4)

    Credit rating agency ICRA has revised the outlook for the Indian telecom tower industry to ‘Stable’ from ‘Negative’, following consistent, timely payments from telecom service providers and the clearance’ of past dues.

    The industry had previously been under pressure due to delayed payments, which resulted in elongated receivable cycles and liquidity challenges for tower companies. However, ICRA noted a significant improvement in the payment cycle, with receivable days now reduced to around 45–60 days—well below its threshold of 80 days for a negative outlook.

    “The improvement in collections has eased the liquidity stress in the sector, reduced reliance on external debt, and is expected to improve return metrics going forward,” the agency stated.

    ICRA projects a 4–6 percent growth in operating income for the sector in FY2026, with operating margins (excluding energy revenues) expected to remain healthy at 70–75 percent.

    In addition, cash balances in the sector are estimated to rise to between Rs 5,500 crore and Rs 6,000 crore—more than double the previous range of Rs 2,200 crore to Rs 3,000 crore—due to improved working capital management and reduced provisioning.

    “An improvement in the credit profile of key telecom service providers, who are the primary clients of tower companies, has played a major role in easing the working capital cycle,” said Ankit Jain, Vice President and Sector Head – Corporate Ratings at ICRA.

    He added that a large portion of past dues has now been cleared, allowing companies to reverse provisions made in FY2023. This has further enhanced cash flows and overall liquidity. Going forward, ICRA expects collection cycles to remain within 60 days, maintaining a healthy receivables position.

    This improvement is also expected to lower the industry’s dependence on borrowings. ICRA estimates net external debt to operating profit (OPBDITA) to moderate to approximately 3.4 times by FY2026.

    With improved credit profiles and recent fundraising efforts by some telecom service providers, many are likely to resume capital expenditure (capex) initiatives. This is in line with the continued surge in demand for data services in India, which is driving consistent network expansion and upgrades by telecom operators.

    The report concludes that these positive developments mark a turning point for the industry, bringing greater financial stability and supporting future growth.

    IANS

  • MIL-OSI United Kingdom: Legal Aid Agency data breach

    Source: United Kingdom – Executive Government & Departments

    News story

    Legal Aid Agency data breach

    An update following a cyber-attack on the Legal Aid Agency’s online digital services.

    On Wednesday 23 April, we became aware of a cyber-attack on the Legal Aid Agency’s online digital services.

    These are the services through which legal aid providers log their work and receive payment from the Government.

    In the days following the discovery, we took immediate action to bolster the security of the system, and informed all legal aid providers that some of their details, including financial information, may have been compromised.

    Since then, we have worked closely with the National Crime Agency and National Cyber Security Centre as well as informing the Information Commissioner.

    On Friday 16 May we discovered the attack was more extensive than originally understood and that the group behind it had accessed a large amount of information relating to legal aid applicants.

    We believe the group has accessed and downloaded a significant amount of personal data from those who applied for legal aid through our digital service since 2010. 

    This data may have included contact details and addresses of applicants, their dates of birth, national ID numbers, criminal history, employment status and financial data such as contribution amounts, debts and payments.

    We would urge all members of the public who have applied for legal aid in this time period to take steps to safeguard themselves. We would recommend you are alert for any suspicious activity such as unknown messages or phone calls and to be extra vigilant to update any potentially exposed passwords. If you are in doubt about anyone you are communicating with online or over the phone you should verify their identity independently before providing any information to them.

    Jane Harbottle, Chief Executive Officer of the Legal Aid Agency, said:

    I understand this news will be shocking and upsetting for people and I am extremely sorry this has happened.

    Since the discovery of the attack, my team has been working around the clock with the National Cyber Security Centre to bolster the security of our systems so we can safely continue the vital work of the agency.

    However, it has become clear that to safeguard the service and its users, we needed to take radical action. That is why we’ve taken the decision to take the online service down.

    We have put in place the necessary contingency plans to ensure those most in need of legal support and advice can continue to access the help they need during this time.

    I am incredibly grateful to legal aid providers for their patience and cooperation at a deeply challenging time.

    We will provide further updates shortly.

    Further information on how to protect yourself from the impact of a data breach can be found on the NCSC website.

    Updates to this page

    Published 19 May 2025

    MIL OSI United Kingdom –

  • MIL-OSI: Bitget Launches Live Streaming, Accelerating Real-Time Engagement for Crypto Content Creators

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, May 19, 2025 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, has announced a live feature boosting real-time interaction between content creators and their audiences. With this feature, content creators, influencers, and professional traders can go live, including seamless screen sharing, audio streaming, and co-hosting capabilities, allowing creators to engage directly with their community. Additionally, the platform integrates token recommendation features, enabling viewers to explore and trade crypto effortlessly during live sessions.

    This feature is at par with Bitget’s strategy of providing creators with a range of tools that facilitate exclusive content delivery and audience engagement. With the launch of in-built features such as real-time chat, scheduling options, and replay availability, the platform ensures that content remains accessible and interactive beyond the live broadcast.

    “Crypto is an extremely fast-paced financial ecosystem, where growth and loss happen in minutes and seconds. Live feature creates a gig economy for content creators to provide an interactive experience for our users, while at the same time reaping the benefits of copy-trading, enabling them to have an alternative passive source of income through their community. Our goal here is to provide contributors and users of our community with products that resonate with their trading requirements,” said Gracy Chen, CEO at Bitget.

    The LIVE feature presents monetization opportunities for creators. Through referral mechanisms and token promotions during live sessions, creators can generate revenue while expanding their reach. Bitget plans to support creators with promotional activities, including traffic support policies and themed live events, to maximize visibility and audience engagement.

    With the Bitget Live feature, users can access an immersive streaming experience, architectured to elevate the quality and immediacy of crypto-focused content. Audiences can join sessions led by creators offering deep dives into market trends, trading insights, and project analysis. With features such as real-time voice engagement, screen projection, and multi-speaker hosting, the platform enables creators to deliver interactive broadcasts. The live feature also allows users to schedule streams in advance, access past replays, and engage with listed tokens mid-session through instant trading prompts—all within a dedicated chat-enabled space that encourages continuous dialogue and community growth.

    Bitget Live adds to a growing suite of creator-focused tools, including the industry-first on-chain affiliate program offering up to 40% rebates. Paired with initiatives like Strategy Plaza and Insights, Bitget continues to build a creator-first ecosystem where monetization, engagement, and user experience are seamlessly integrated.

    To start going Live on Bitget, visit here.

    About Bitget

    Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 120 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features, including wallet functionality, token swap, NFT Marketplace, DApp browser, and more.

    Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist), and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.

    For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet

    For media inquiries, please contact: media@bitget.com

    Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to allocate only funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5316ea7a-6970-4a94-aee0-36b456cf27c6

    The MIL Network –

  • MIL-OSI Russia: Harbin hosts China-Russia Inter-Municipality Cooperation Demand and Supply Conference

    Translation. Region: Russian Federal

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

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

    BEIJING, May 19 (Xinhua) — A demand and supply conference under the China-Russia inter-municipal cooperation was held Sunday in Harbin, capital of northeast China’s Heilongjiang Province.

    The event was organized by the provincial government of Heihe City and was attended by more than 200 representatives from chambers of commerce, industry associations and enterprises from both sides, according to news website Chinadaily.com.

    The conference focused on cross-border industrial cooperation and interregional economic interaction.

    The border city of Heihe, which is separated by the Heilongjiang River (Amur) from the city of Blagoveshchensk in Russia’s Amur Region, has achieved fruitful results in foreign trade and humanitarian contacts in recent years. Its mayor Qin Bo called on domestic and Russian entrepreneurs at a conference to invest in Heihe’s economy and jointly develop the city’s priority sectors, such as cross-border trade, tourism, etc.

    Calling the conference a platform for enhancing cooperation between cities and enterprises in China and Russia, Xing Yingna, deputy head of the Heilongjiang Provincial Commerce Department, expressed hope that the business communities of China and Russia will contribute to ensuring the economic prosperity of the two countries. -0-

    MIL OSI Russia News –

  • MIL-OSI: CREDIT AGRICOLE S.A. announces redemption of USD 1,500,000,000 Senior Non-Preferred Callable Fixed-to-Floating Rate Notes issued on June 2020 and due June 2026 (ISIN: Rule 144A: US22535WAG24 and Regulation S: US22536PAG63)

    Source: GlobeNewswire (MIL-OSI)

    Montrouge, May 19, 2025

    CREDIT AGRICOLE S.A. ANNOUNCES REDEMPTION OF

    USD 1,500,000,000  Senior Non-Preferred Callable Fixed-to-Floating Rate Notes issued on June 16, 2020 (ISIN: Rule 144A: US22535WAG24 and Regulation S: US22536PAG63)*

    Crédit Agricole S.A. (the “Issuer”) announces today the redemption (the “Redemption”) with effect on June 16, 2025 (the “Redemption Date”) of all of its outstanding USD 1,500,000,000 Senior Non-Preferred Callable Fixed-to-Floating Rate Notes issued on June 16, 2020 (ISIN: Rule 144A: US22535WAG24 and Regulation S: US22536PAG63) (the “Notes”) pursuant to Condition 9(a) (Redemption at the Option of the Issuer) of the terms and conditions of the Notes included in the base offering memorandum dated April 8, 2020, as supplemented by the pricing term sheet dated June 9, 2020 (together, the “Terms and Conditions”), at the outstanding nominal amount thereof, together with any accrued interest thereon (the “Redemption Amount”).

    On the Redemption Date, the Redemption Amount shall become due and payable and, unless the Redemption Amount is improperly withheld or refused, each Note shall cease to bear interest on the Redemption Date.

    The holders of the Notes will receive formal notice of the Redemption in accordance with the Terms and Conditions.

    For further information on Crédit Agricole S.A., please see Crédit Agricole S.A.’s website: https://www.credit-agricole.com/en/finance

    DISCLAIMER

    This press release does not constitute an offer to buy or the solicitation of an offer to sell the Notes in the United States of America, Canada, Australia or Japan or in any other jurisdiction. The distribution of this press release in certain jurisdictions may be restricted by law. Persons into whose possession this announcement comes are required to inform themselves about, and to observe, any such restrictions.

    No communication or information relating to the redemption of the Notes may be distributed to the public in a country where a registration obligation or an approval is required. No action has been or will be taken in any country where such action would be required. The redemption of the Notes may be subject to specific legal and regulatory restrictions in certain jurisdictions; Crédit Agricole S.A. accepts no liability in connection with a breach by any person of such restrictions.

    This press release is an advertisement; and none of this press release, any notice or any other document or material made public and/or delivered, or which may be made public and/or delivered to the holders of the Notes in connection with the redemption of the Notes is or is intended to be a prospectus for the purposes of Regulation (EU) 2017/1129 of the European Parliament and of the Council dated 14 June 2017 (as amended, the “Prospectus Regulation”). No prospectus will be published in connection with the redemption of the Notes for the purposes of the Prospectus Regulation.

    This press release does not, and shall not, in any circumstances, constitute an offer to the public of Notes by Crédit Agricole S.A. nor an invitation to the public in connection with any offer in any jurisdiction, including France.

    * The ISIN number is included solely for the convenience of the holders of the Notes. No representation is being made as to the correctness or accuracy of the ISIN number either as printed on the Notes or as contained herein and the holder may rely only on the identification numbers printed on its Note.

    CRÉDIT AGRICOLE S.A. PRESS CONTACT

    Alexandre Barat                             + 33 1 57 72 12 19                                      alexandre.barat@credit-agricole-sa.fr
    Olivier Tassain                               + 33 1 43 23 25 41                                      olivier.tassain@credit-agricole-sa.fr

    Find our press release on: www.credit-agricole.com – www.creditagricole.info

    Attachment

    The MIL Network –

  • MIL-Evening Report: Russia is labelling Oscar Jenkins a ‘mercenary’, not a prisoner of war. What’s the difference – and why does this matter?

    Source: The Conversation (Au and NZ) – By Shannon Bosch, Associate Professor (Law), Edith Cowan University

    Oscar Jenkins, a 33-year-old former teacher from Melbourne, was one of many foreigners who responded to Ukrainian President Volodymyr Zelensky’s call in 2022 for volunteers to join Ukraine’s armed forces to help repel Russia’s invasion.

    In early 2024, Jenkins joined Ukraine’s International Legion of Territorial Defence, which has attracted some 20,000 fighters from 50 countries since the war began. He had no previous military experience, but this wasn’t a requirement to join.

    In December, Jenkins was captured by Russian forces in Russian-occupied eastern Ukraine and accused of serving as a “mercenary” in Ukraine’s 66th Mechanised Brigade’s 402nd Rifle Battalion. He was tried in a Russian court and sentenced on May 16 to 13 years imprisonment in a maximum-security penal colony.

    When a foreigner volunteers to fight in a war, their legal status under international law can be complicated.

    Are they a soldier with the full authorisation of one of the warring parties to engage in hostilities? Or are they an illegal mercenary?

    And what happens if they are captured?

    Why legal status matters

    The answers to these questions have very real importance to the thousands of foreigners who have joined Ukraine’s International Legion since 2022.

    Russian authorities have classified all of Ukraine’s foreigner fighters as “mercenaries”. They’ve used this label to deny foreign fighters the status of “prisoner of war” (POW), with the requisite protections that come along with that under international humanitarian law.

    While foreigners are permitted under international law to enlist in the armed forces of a state for political or moral reasons, mercenaries have historically been outlawed due to their sole motivation being financial gain.

    International humanitarian law (the rules that govern war) define mercenaries as individuals who are not nationals or residents of a state engaged in war and are recruited to fight outside that state’s official armed forces.

    They are motivated solely by private gain (like money or promises of reward), often well in excess of what the traditional armed forces are paid. Mercenaries are essentially professional soldiers who sell their services to a state without any real ties to that country.

    Once a fighter is classified as a “mercenary”, they lose all the legal protections that are traditionally afforded lawful combatants.

    This includes prisoner of war status if they are captured and immunity from prosecution for fighting in a conflict. Prisoners of war are also entitled to humane treatment and access to food and medical care. And they cannot be subjected to sham trials or torture.

    According to my research, many of the foreign nationals who joined the International Legion were motivated by a desire to defend Ukraine against Russia’s aggression. They were sworn into Ukraine’s armed forces and paid the same as a Ukrainian soldier of equal rank.

    Once enlisted in the armed forces, they were immediately exempt from “mercenary” status, irrespective of their motivation for joining.

    As such, these foreign fighters should be entitled to the full range of protections guaranteed to members of Ukraine’s armed forces under the Geneva Conventions.

    Labelling lawful foreign members of the Ukrainian armed forces as “mercenaries”, and denying them their protections, is an abuse of international law.

    How can Australia protect its nationals?

    If an Australian enlists in Ukraine’s armed forces and is captured by Russian forces, there is a limited toolkit the Australian government can use to help him or her. However, it is not powerless.

    Through its embassy in Moscow, Australia can request access to detainees to assess their welfare while in prison. Russia can, however, decline this access. Details of a detainee’s capture may also be withheld.

    Australia can also apply diplomatic pressure to ensure humane treatment of prisoners and their full POW rights.

    This can be done by working with international bodies, such as the UN Working Group on Arbitrary Detention or organisations like the International Committee for the Red Cross (ICRC), which can request access to detainees.

    It appears the government is already doing some of these things. According to Foreign Minister Penny Wong, the government has been working with Ukraine and the ICRC to advocate for Jenkins’ welfare and release, and providing consular support to Jenkins’ family.

    Australia also has an obligation to warn its citizens they will likely face severe consequences if they travel to Ukraine to fight and are captured by Russian forces, given Russia’s misuse of the “mercenary” label.

    Through back-channel negotiations, Australia could also push Ukraine or its allies to include Australians being held by Russia in future prisoner swaps.

    In January of this year, Ukraine and Russia carried out such an exchange of 470 prisoners from both nations. And in talks last week in Turkey, both sides agreed to release another 1,000 prisoners on each side.

    Such exchanges have involved foreign fighters in the past. In 2022, 10 foreign citizens were included in a prisoner swap, including five Britons, two Americans, a Croatian, a Swede and a Moroccan. Several of them had been convicted of being mercenaries and sentenced to death after a Russian sham trial.

    There is no guarantee Jenkins would qualify for such an exchange, however, if Russia continues to classify him as a mercenary.

    Shannon Bosch does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    – ref. Russia is labelling Oscar Jenkins a ‘mercenary’, not a prisoner of war. What’s the difference – and why does this matter? – https://theconversation.com/russia-is-labelling-oscar-jenkins-a-mercenary-not-a-prisoner-of-war-whats-the-difference-and-why-does-this-matter-256996

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI: Zappify Reviews: Don’t Waste Your Money On Zappify 2.0 Till You’ve Read This!

    Source: GlobeNewswire (MIL-OSI)

    NEWARK, N.J., May 19, 2025 (GLOBE NEWSWIRE) — Each year, mosquito-borne diseases kill more than 700,000 people worldwide, making the tiny-looking insect the deadliest animal on Earth. Malaria alone accounts for nearly 600,000 of those deaths, with an estimated 597,000 malaria-related fatalities in 2023 despite intensified control efforts. Dengue fever is not far behind, infecting over 390 million people annually and causing approximately 21,000 deaths each year.

    Beyond these two, mosquitoes also transmit Zika, chikungunya, yellow fever, and other pathogens, placing over half of the world’s population at risk of at least one mosquito-borne disease. In 2024 alone, more than 7.6 million dengue cases have already been reported, highlighting how critical effective protection is in both urban and rural settings. Even as global malaria cases hit 249 million in 2022, resulting in 608,000 deaths, the need for transformative, chemical-free solutions has never been clearer.

    Introducing Zappify: an innovative, compact bug zapper crafted to protect your home and outdoor spaces without emitting DEET or other harmful chemicals. Harnessing a tri-band UV LED system skillfully tuned to the peak attraction wavelengths of Aedes and Anopheles species, Zappify lures mosquitoes into a high-voltage grid, instantly neutralizing them.

    Many Zappify reviews say its lightweight cylinder build delivers 360° coverage, generating a mosquito-free zone of up to 30 m² in under minutes, while the whisper-quiet operation and up to 13 hours of battery life mean you can enjoy pest-free evenings without disturbance. Constructed in collaboration with entomologists and materials scientists, Zappify blends groundbreaking insect behavior science with rugged, intuitive engineering to provide visible results.

    Are you ready to reclaim your space from these deadly pests? Read on to understand how Zappify’s sophisticated technology works, why it’s become a crucial tool for families and professionals, and how you can purchase your device today to eradicate it from your space…

    What Is Zappify?

    Zappify is a groundbreaking, portable anti-mosquito lamp engineered to turn any space, indoors or out, bug-free without the use of toxic chemicals. Zappify is a 100% safe and rechargeable bug zapper that allows you to enjoy your interior and outdoors bug and mosquito free in the USA and Canada.

    Zappify is equipped with advanced technology that uses three different wavelengths of light to attract, trap, and eliminate mosquitoes and bugs to death with unparalleled efficiency. Zappify 2.0 comes with numerous innovative features and unbeatable advantages that make it the best mosquito zapper out there.

    Created from the real-life frustration of Nathan Clarke, Zappify provides a humane,silent solution to bites and buzzing. Its sophisticated, cylindrical form factor permits 360° bug attraction, whether positioned on a table or dangling from a window. Zappify’s chemical-free function guarantees it’s harmless for kids, animals, and anyone with sensitivities to traditional insect deterrents.

    Many consumer reports categorically state that Zappify is a must-have in your outdoor gear because of its 3-in-1 design, which functions as a bug zapper, flashlight, and an all-weather camping light. All Zappify customer’ review claim that it is portable and lightweight, making it simple to carry with you wherever you go. The Zappify is constructed with top-quality components for exceptional durability and functionality.

    The functionality of Zappify 2.0 is ensured throughout all four seasons because they are designed with enduring quality in mind, are weather-resistant, strong and sturdy. Beneath its sleek exterior, Zappify 2.0 delivers remarkable performance: a three-band UV lamp that releases three unique wavelengths shown to draw up to three times more flying insects, funneling them into a 2,000-volt electrified grid that offers instant zaps.

    Zappify promises to be a long-lasting addition to both your indoors and outdoor spaces, offering reliability and performance for years to come. Runners, campers, and backyard chefs alike appreciate the Zappify rechargeable battery’s commendable 13-hour runtime, which is twice the capacity of the original model. Zappify also has an intuitive digital readout that keeps the user informed when it’s time to recharge.

    Developed for casual users and outdoor professionals, many user reviews emphatically agree that Zappify offers professional-grade bug control in a compact, IPX5-waterproof package. A handy carabiner makes repositioning or relocation of the Zappify very easy, while its USB-C charging port ensures steady protection for the device. Zappify provides a scientifically grounded, chemical-free defense that keeps families, travelers, and event planners one step ahead of bites and buzzing.

    Many American and Canadian customers find Zappify effective, working well both inside and outside, and catching hundreds of bugs. The Zappify 2.0 receives positive feedback for its appearance, with every customer noting its attractive purple LED design, and customers consider it worth the price. Zappify is valued as the best and easy to use portable bug zapper that you can use anywhere conveniently.

    CLICK HERE TO BUY YOUR ZAPPIFY FROM THE OFFICIAL WEBSITE AT MASSIVE DISCOUNT TODAY

    What Are The Unique Characteristics of Zappify (Zappify Reviews)

    • 30 m² 360° Coverage Zone: Zappify’s refined cylindrical design projects its electrified grid in a full 360° arc, creating an insect‐free perimeter up to 30 square meters—three times the range of its first model. Internally, the device holds optimally spaced stainless‐steel electrodes that support uniform voltage across the entire surface. This guarantees that any mosquito entering the marked zone is attracted and neutralized, whether the unit sits on a tabletop corner or in the center of your balcony.
    • 13-Hour Rechargeable Battery Pack: Fundamentally, Zappify contains a high‐capacity lithium‐ion battery that lasts for 13 hours of continuous operation. The battery cells are installed in a rugged, IPX5‐rated housing to withstand outdoor moisture, while an improved charging circuit regulates current for safe, effective recharges via USB-C. This extended autonomy lets you utilize the unit overnight or throughout day long outdoor activities.
    • 2,000-Volt Electric Elimination Grid: Zappify’s advanced zapper grid provided a high‐voltage pulse of 2,000 volts, over three times the power of the earlier generation, through its corrosion‐resistant electrodes. The grid’s mesh spacing is accurately calibrated to admit even the smallest mosquitoes while eliminating accidental contact by fingers or pets. When an insect enters the space, the intense discharge instantly terminates it, converting electrical energy into a quick, clean arc.
    • Portable and Compact: Zappify is lightweight and compact, making it easy to take with you wherever you go. It easily fits in your bag, as you head out this summer. You can use it at the park, patio, ball game, or wherever you want for maximum mosquito relief. It’s perfect for any activities you don’t want mosquitoes to ruin!
    • Three-Band UV Light Attraction System: Replacing the single‐wavelength bulb of its predecessor, Zappify uses a tri‐band UV lamp that emits three distinct ultraviolet frequencies proven to attract a broader spectrum of mosquito species. Each band is tuned to specific insect photoreceptors, optimizing attraction efficacy by up to 300%. Enclosed within a secured quartz sleeve, the UV modules are rated for long-term stability, ensuring consistent output over hundreds of work hours.
    • Integrated 12-LED Ultra-Bright Lantern: Beyond its bug‐zapping capabilities, Zappify has an array of 12 high-intensity LEDs around its base, serving as a multi-purpose lantern. Each LED is selected for enhanced luminosity and energy efficiency, delivering ambient illumination for campsites, balconies, or interior spaces. The LEDs are calibrated with the unit’s power management system to draw minimal current, ensuring the lighting feature can run concurrently impacting overall battery life.
    • Precision Battery Life Indicator: To keep users informed, Zappify features a digital battery‐life indicator panel installed in it. Three LED segments display the remaining charge in real time, and a single button press provides an instant status update. The indicator circuit blends with the device’s charge controller to adapt to any temperature and load, providing a precise estimate of remaining operational time, removing any guesswork, and ensuring you know accurately when to recharge.
    • Weatherproof: Zappify has an IPX5 waterproof rating that makes it compatible with outdoor use. The anti-bug lamp is designed to withstand weather conditions, including rain, intense heat, wind, and extreme weather. As a result, it can function appropriately in outdoor environments without being damaged. Moreover, it’s durable and practical as it can work in damp conditions. In addition, it’s convenient as it doesn’t require additional protection or maintenance.
    • Noiseless Operation: Zappify’s noteworthy and defining feature is its ability to operate quietly. In contrast to other portable gadgets of its sort, the Zappify runs silently, which is great because it means you won’t have to put up with excessive noise.
    • Chemicals-free: The Zappify sets itself apart from traditional insecticides and mosquito zappers, which include a number of chemicals or other substances that are exceedingly dangerous to human health. Zappify 2.0 kills insects without the use of harmful chemicals. It is a third-generation device that attracts and zaps insects or pests using UV light energy.
    • Handy Hanging Loop: Zappify comes with a handy hanging loop that makes it easy to hang anywhere you need it. You can hang it in your backyard, on your patio, or even in your tent. It is an ideal camping or outdoor accessory for any summer adventure.

    Does Zappify Really Work? (Zappify Reviews)

    Zappify works on a straightforward yet highly effective principle by employing a potent blend of UV light and a 2,000-volt electrified grid to draw in and eliminate mosquitoes and bugs within a 30 square meters range. Unlike chemical sprays or sticky traps, Zappify 2.0 doesn’t emit toxins or odors, instead relying on UV wavelengths that insects instinctively can’t resist.

    The official Zappify website revealed that the cylindrical build ensures a full 360° attraction field, while the sturdy electric discharge prompt zaps any bug that makes contact. In lab-style tests and controlled demonstrations, this synergy of attraction and high-voltage power consistently kills mosquitoes massively in minutes, creating a “dead zone” of mosquito-free space indoors or outdoors.

    Beyond the technical power, real-world users completely confirm Zappify’s performance. Every review unequivocally agrees that Zappify 2.0 works perfectly well. The Zappify’s combination of chemical-free operation, extended 13-hour battery life, and sturdy safety grills makes it one of the most dependable and intuitive mosquito killers on the market.

    Finally, Zappify has been very much well-received by customers, with 5-star ratings from overwhelming positive reviews praising its exceptional efficacy and performance, Zappify has quickly gained a reputation as a must-have tool for mosquito and bug control in the United States and Canada. Backed by a 30-day money-back guarantee and a 1-year warranty, it’s a low-risk remedy that changes evenings from itchy frustration into peaceful, bite-free enjoyment.

    Why Should You Buy Zappify?

    Zappify isn’t just another bug zapper, it’s a versatile, chemical-free defense system crafted to secure your home and protect you and your loved ones from disease-carrying mosquitoes. Its plush, cylindrical design releases distinct UV wavelengths that lure mosquitoes and funnel them into a 2,000-volt electrified grid that zaps pests promptly and humanely.

    Zappify covers up to 30 m², using its powerful UV light and extra 12-LED camping light to lure insects from all sides, while also providing soft, ambient illumination for evening use. Fueled by a single USB-C top-off that powers you for up to 13 hours, it is clear digital meter helps you schedule recharges in advance, so you can regulate multi-day adventures without worrying about running low.

    Beyond maximum performance, Zappify offers unmatched versatility and security. It’s IPX5 waterproofed for reliable outdoor use, compact and lightweight for easy transport, and comes with a handy carabiner handle so you can hang it wherever mosquitoes gather.

    Zappify is 100% safe around children and pets, making it the best choice for families, campers, and professionals alike. As new, deadly mosquito species expand their range and global mosquito-borne diseases rise, Zappify stands out as a scientifically proven, user-friendly solution that works discreetly in the background, equipping you to enjoy your evenings.

    Many reviewers confirm that Zappify distinguishes itself from other mosquito control solutions by offering comprehensive features and benefits in the United States Of America. Zappify ticks all the boxes and as such it is reliable, legit, rechargable, weatherproof and very user-friendly. Many customers categorically agree that Zappify 2.0 is the most advanced yet user friendly bug zapper available on the market today.

    What Are The Beautiful Benefits That Come With Using Zappify (Zappify Reviews)

    • 100% Chemical-Free Family Protection: Zappify works without emitting DEET or any toxic repellents, guaranteeing your safety and ensuring that every zap is purely electrical. This chemical-free method makes it safe for the children’s rooms or next to your outdoor dinner spot without worrying about skin irritation or inhalation hazards.

    According to environmentalist J. Duffy, “I trust Zappify 2.0 to keep my family bite-free. It’s cost-friendly, easy to use, and KILLS A TON of mosquitoes.” His experience underlines how Zappify provides potent mosquito control without exposing loved ones to toxic substances, changing any space into a safe, toxin-free zone for play, sleep, and family gatherings.

    • Expansive 30 m² Coverage for Complete Peace: With its sturdy predecessor, Zappify generates a mosquito “dead zone” spanning up to 30 square meters. You no longer need many devices to safeguard your backyard or large living room; one unit delivers the required results.

    Backyard enthusiast Daniel Klein raved, “Zapped ALL of the bugs in my backyard! … Being able to sit outside at night was just awesome.” His backyard-wide mosquito eradication indicates that Zappify doesn’t solely minimize nuisance; it eliminates buzzing intruders across wide areas, giving you undisturbed evening barbecues, hangouts, or living-room relaxation.

    • Long-lasting, Portable Power for All-Day Protection: Providing up to 13 hours of continuous operation from sunset into the night or across a full day of campsite fun. It’s rechargeable via USB-C, and the installed battery indicator enables easy monitoring of the power levels.

    As reviewer Marcus confirms, “Holds a charge through the night while I sleep soundly! Not a bite on me in the morning.” Whether you’re camping, hosting an outdoor party, or simply seeking undisrupted rest, Zappify’s endurance guarantees you remain bite-free around the clock.

    • Ultra-Effective 3-Band UV Attraction for Maximum Capture: Zappify’s proprietary three-wavelength UV lamp is synchronized to insect vision, luring in mosquitoes more powerfully than single-band lights. This innovation transforms your device into a magnet for every stray mosquito in the vicinity—no more blind spots.

    Paul Connors attests, “I placed it next to my bed … the device easily attracted a ton of mosquitoes and other insects.” His success story indicates that Zappify doesn’t lean on guesswork; its scientifically tuned light spectrum ensures every mosquito within range is exterminated.

    • Quiet, Discreet Operation for Restful Nights: Unlike conventional zappers that crackle loudly, Zappify keeps a low “buzz-zap” whisper that doesn’t interrupt your sleep or conversation. The sound is so discreet that once mosquitoes vanish, you barely notice the device.

    Peter Bridges notes, “This mosquito killer works … I saw a bug flying in my room and the zapper lured it into the bag and zapped it.” His comment suggested how Zappify’s silent performance interacts with your environment, providing mosquito extermination without the soundtrack of electrical arcs.

    • Great for Indoor and Outdoor Use: Zappify’s versatile design makes it suitable for both indoor and outdoor use. Whether you’re enjoying a quiet evening indoors or spending time in the backyard, Zappify adapts to various environments, offering consistent mosquito protection.
    • Environmentally Friendly: By eliminating the need for toxic chemicals and offering a USB-rechargeable battery, Zappify contributes to environmental sustainability. Users can enjoy effective mosquito control without compromising on eco-friendliness.
    • Durable Construction for Long-Term Use: Crafted from high-quality and durable materials, Zappify is designed for long-term use. Its robust construction ensures that the device maintains its effectiveness over time, providing reliable mosquito control for an extended period.
    • Versatile for Different Occasions: Zappify enhances outdoor enjoyment by creating a mosquito-free environment. Whether you’re hosting a barbecue, camping under the stars, or simply relaxing in the backyard, Zappify ensures that mosquitoes don’t disrupt your outdoor activities, allowing you to make the most of your time spent outdoors.

    CLICK HERE TO BUY YOUR ZAPPIFY FROM THE OFFICIAL WEBSITE AT MASSIVE DISCOUNT TODAY

    Why Is Zappify Better Than Other Products in the Market?

    Most mosquito zappers on the market rely on a single UV wavelength and a modest electric grid, leaving large swaths of your outdoor or indoor space open to mosquito infestation. Zappify breaks these limitations with a three-band UV light. This process creates a mosquito-free zone covering up to 30 m², three times the range of many competitors.

    Moreso, its cylindrical, 360° design lures insects from all angles rather than just one direction. Coupled with a rechargeable battery that lasts up to 13 hours, far beyond most rival units, this level of performance ensures consistent, dependable protection through the night without plugging into an outlet.

    Zappify is impressively user-friendly and suitable for people from all backgrounds. It’s designed to be easy to use right out of the box making it an environmentally friendly way to eliminate mosquitoes and other flying insects. Zappify reviews have a consumer reports average rating of 9.10/10.0 for how well it eliminates bugs and mosquitoes, its affordability, and how swift it is to purchase in the USA and Canada.

    All reviewers revealed that this upgraded Zappify stands out among others as the safest and most reliable option due to its unique combination of features that prioritize both effectiveness and safety. Unlike many competing products, Zappify boasts a 100% non-toxic design, making it completely safe for use around children and pets. This distinguishes it as a family-friendly solution for mosquito control, providing peace of mind to users concerned about the potential risks associated with chemical-based alternatives.

    Finally, its installed LED camping lantern and an IPX5 waterproof rating guarantee good illumination and protection for your campsite in any weather. With a handy carabiner for safe positioning, USB-C recharging for universal compatibility, and easy-clean mesh screens, Zappify emerges as a professional-grade mosquito control system engineered for casual users and seasoned outdoor enthusiasts.

    How Do You Use Zappify? (Zappify Reviews)

    Deploying your Zappify is as simple as charging, positioning, and powering on—here’s how to turn on your 360° mosquito shield in just a few steps:

    • Charge & Check: Plug the USB-C cable into Zappify’s port and charge until the digital battery-life indicator reads full (up to 13 hours of runtime).
    • Choose & Place: Decide whether you need indoor or outdoor protection, then either hang the cylinder by its carabiner or set it on a flat surface at the center of your seating area—each unit covers a 30 m² “dead zone.”
    • Activate the Lights: Press the power button to ignite the three-band UV lamps and 12 ultra-bright LEDs. The multi-wavelength spectrum will begin drawing in mosquitoes from every angle.
    • Zap: As insects approach, they’ll fly into the electrified 2,000-volt grid and be exterminated.
    • Monitor & Maintain: Watch the battery readout; when it runs low, recharge for your next outing. After use, simply brush out the collection tray for easy cleanup.

    Is Zappify Really Worth My Money? (Zappify Reviews)

    When you weigh Zappify’s upfront cost against potential expenses and risks of using conventional mosquito control chemical sprays, replacement coils, or bite-soothing treatments the value proposition becomes clear. A single charge and you are protected for up to 13 hours across a 30 m² radius. By eliminating the need for DEET-based lotions or indoor foggers, Zappify keeps your family from toxic exposure.

    Beyond pure economics, Zappify provides premium functionality that justifies every penny spent. Zappify is an upgraded and advanced bug zapper making it one of the best, if not the absolute best, bug zapper out there on the market and here is why we say so. Zappify comes with three times as many wavelengths to capture bugs, 12 LED Ultra-Bright Camping Light that attracts more bugs and lights your surroundings, three times the killing range and extended battery life.

    In fact all reviewers categorically agree that Zappify is superior to all other conventional bug zappers out there on the market for its powerful rechargeable battery features, multi-function design, more bug killing power, and futuristic zapper design. When viewed in the context of its effectiveness, versatility, and durability, the Zappify comes off as a worthwhile investment for anyone seeking a permanent solution to their bug-related woes.

    CLICK HERE TO BUY YOUR ZAPPIFY FROM THE OFFICIAL WEBSITE AT MASSIVE DISCOUNT TODAY

    Pros – Zappify Reviews

    • Zappify is compact and portable
    • Provides you with powerful mosquito killing power
    • Multipurpose functionality as a mosquito zapper and a lantern
    • Long-lasting USB rechargeable battery
    • Comes with a handy hanging loop that makes it even more convenient to use
    • Features 3 brightness features
    • It is water resistant
    • Zappify 2.0 does not contain any harmful chemicals or substance
    • Zappify 2.0 has a lightweight and hangable design
    • It is very easy to use
    • High efficiency
    • Comes with a special introductory 50% OFF discount if you order now from the main site!
    • Quick delivery
    • 30-day money-back guarantee
    • Zappify is a futuristic zapper that works to clear your area of mosquitoes fast.
    • Zappify is designed to deliver an effective 360° anti-mosquito shield that will rid you of annoying, biting insects once and for all.

    Cons (Zappify Reviews)

    • Zappify 2.0 is not available for purchase on local stores and third party eCommerce sites like Amazon, eBay, Walmart, and the likes of them.
    • Zappify 2.0 can only be purchased online from the product’s official website alone
    • Shipping fees may apply
    • Zappify has the tendency to sell out fast again

    Is Zappify a Scam or Legit?

    Zappify is a genuine, FDA-compliant mosquito zapper produced by Sapience Group LLC, a New Jersey-based company with a clear corporate address and powerful DMCA protection. With over 231,421 verified ratings and social-proof testimonials from real users including farmers, campers, and suburban families, Zappify has shown a consistent ability to exterminate mosquitoes across diverse environments.

    Based on honest Zappify customer reviews, Zappify is 100% legit and reliable for ultimate performance. As per consumer reports, the Zappify has 4.95 -star impressive ratings given by the customers of Canada & USA which also mean it is one of the most reliable and dependable mosquito zapper available in the market.

    That said, legitimacy hinges on buying through the official Zappify website to ensure you receive the authentic, chemical-free unit with full warranty protection. Ultimately, Zappify is a legitimate solution for mosquito and bug control, provided you order from authorized channels, take advantage of the money-back guarantee, and follow the simple setup instructions for optimal effectiveness.

    How Much Does Zappify Cost?

    Zappify is currently selling at incredibly affordable prices, with flexible bundle options tailored for every need and budget:

    • Buy one Zappify 2.0 for $39.99
    • 2x Zappify 2.0 – $39.99 each (50% off)
    • 3x Zappify 2.0 – $29.99 each (62% off)
    • 4x Zappify 2.0 – $29.99 each (62% off)

    These discounted bundles are ideal for home use, travel, or as intentional gifts. With up to 62% savings, it’s a smart and affordable investment in a fly-free, comfortable living space. Seize this limited-time pricing opportunity before it sells out!

    Zappify Where To Buy? (Zappify Reviews)

    Zappify is widely available through trusted online platforms, making it easy and convenient to purchase from the comfort of your home. However, the best place to buy Zappify is directly from the official website, where you can take advantage of exclusive deals, bundle discounts, and special promotions that may not be available elsewhere.

    CLICK HERE TO BUY YOUR ZAPPIFY FROM THE OFFICIAL WEBSITE AT MASSIVE DISCOUNT TODAY

    Zappify Consumer Reports And Customers Complaints Reviewed

    Claude T.
    “I used Zappify in my tent when I was camping, and it worked perfectly. The mosquitoes were flying directly to the light and they got zapped. Easy to charge and the perfect size to carry around.”

    Randy R.
    “Easy to use, easy to clean, and it kills mosquitoes fast! It’s just about the best camping accessory you’ll find. Perfect for the outdoors.”

    Luka T.
    “Just recently bought this Zappify zapper after reading all the reviews. I definitely recommend it to future buyers that this little gizmo really works. I saw a bug flying in my room which I can’t catch and I turned on the Zappify 2.0 & it worked to lure the bug and zap it.”

    Greg H.
    “Zappify 2.0 works as described!! Placed it next to my bed over for a few nights, and the device miraculously attracted a decent amount of mosquitoes and even other insects. It also comes with a small handy brush which makes cleaning up very easy and fuss-free.”

    Frequently Asked Questions About Zappify 2.0 Reviewed

    How does Zappify 2.0 work?

    Zappify employs a three-band UV light to attract mosquitoes and flying insects from up to 30 m² away. Once lured in, they contact a 2,000-volt electrified grid that instantly zaps them—no chemicals, sprays, or traps needed.

    Does Zappify require a wall outlet for power?

    Absolutely not. Zappify 2.0 operates on a rechargeable battery and comes with a USB connection for charging. You do not need to have it plugged in to use it, which is the idea behind the battery being rechargeable.

    Can I use Zappify around my kids and pets?

    Absolutely, Zappify is safe to use around kids and pets! This Zappify mosquito repellant does not contain DEET or any harmful chemicals. So it is absolutely safe for kids and pets. For your health and that of your loved ones, cease using harmful chemicals on your home in the name of eliminating mosquitoes. Opt for this 100% safe to use modern zapper, that kills mosquitoes dead without any toxic substance.

    What are some tips to maximize the effectiveness of my Zappify?

    Well, according to the providers of the Zappify , to maximize the effectiveness, you must position your Zappify 2.0 in your desired location and let it run for at least two hours before using the place. This is to totally clear the area of mosquitoes prior to your presence there. In addition to that, ensure you minimize ambient light around the device so that the Zappify 2.0’s LED lights can effectively attract mosquitoes without having to compete with other light sources that may decrease its effectiveness.

    Is Zappify easy to use?

    Zappify is completely user-friendly! You do not need to be tech-savvy to use Zappify. Simply remove your Zappify 2.0 from its packaging and charge it with the included USB cord, and that is all. You can place the Zappify 2.0 upright or hang it. Then turn it on and watch as it zaps all the mosquitoes in your territory.

    Can I use Zappify indoor?

    Absolutely! Zappify is safe for both indoor and outdoor use. It is safe to use in various rooms and settings including bedrooms, living rooms, kitchens, and outdoor spaces like camping grounds and gardens.

    How do I clean my Zappify?

    Cleaning Zappify is very simple and easy. Ensure that your Zappify is unplugged, then remove the removable tray or grid, dispose of the zapped mosquitoes and insects, and clean the tray with a soft brush or cloth. Your Zappify package comes with a user manual for specific cleaning guidelines.

    Does Zappify make a lot of noise?

    No, not at all. Zappify does not cause any racket. It is designed to operate quietly. The electric grid produces a minimal sound when insects are zapped, ensuring a peaceful environment for both indoor and outdoor use.

    Final Remarks On Zappify Reviews

    Zappify represents a breakthrough in mosquito control, it integrates refined UV-attraction technology with a high-voltage electric grid, completely chemical-free. Its 360° cylindrical engineering and three-band UV lamps work in harmony to draw in and exterminate insects across a generous 30 m² radius, so you can enjoy your indoor and outdoor spaces without having to depend on toxic sprays or messy traps.

    Moreover, Zappify 2.0 promotes convenience and safety. Experience up to 13 hours of uninterrupted use from a single USB-C charge ideal for twilight get-togethers or overnight adventures and is placed with its intuitive power-status display so you’re always in supervision. The IPX5 water-resistant casing and enclosed zapper grid mean you can hang it outdoors or near children and pets without health hazards. Cleaning is seamless, thanks to a removable collection tray and included brush.

    In all, Zappify is an indispensable breakthrough in mosquito eradication systems. Whether you’re hosting a backyard barbecue, settling into a bedroom for the night, or pitching a tent on your next camping trip, Zappify provides an instant “dead zone” against disease-carrying pests. With its 30-day money-back guarantee, there’s no risk: if it doesn’t live up to its claims, you’ll get your money back stress-free.

    CLICK HERE TO BUY YOUR ZAPPIFY FROM THE OFFICIAL WEBSITE AT MASSIVE DISCOUNT TODAY

    Media Contact:
    Name: Emily Carson
    Company: Zappify
    Address: 78 John Miller Way, Kearny, New Jersey 07032
    Email: emily@myzappify.com
    Phone: +1 (888) 452-9983
    Website: https://www.myzappify.com

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    Photos accompanying this announcement are available at
    https://www.globenewswire.com/NewsRoom/AttachmentNg/dd18cbb3-1e7a-4fae-8eaa-d653a8eed80d

    https://www.globenewswire.com/NewsRoom/AttachmentNg/eb0473c6-53d4-463f-afbb-5ab504eadd71

    https://www.globenewswire.com/NewsRoom/AttachmentNg/0c3f6326-6982-4480-a10a-cfaef25b23e2

    https://www.globenewswire.com/NewsRoom/AttachmentNg/af0be3d5-ae60-46e9-98ba-1e63f5ce80f6

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    https://www.globenewswire.com/NewsRoom/AttachmentNg/63f7976e-0b2c-47f6-98e7-0c204ac81d03

    The MIL Network –

  • MIL-OSI: 28/2025・Trifork Group: Weekly report on share buyback

    Source: GlobeNewswire (MIL-OSI)

    Company announcement no. 28 / 2025
    Schindellegi, Switzerland – 19 May 2025

    Trifork Group: Weekly report on share buyback

    On 28 February 2025, Trifork initiated a share buyback program in accordance with Regulation No. 596/2014 of the European Parliament and Council of 16 April 2014 (MAR) and Commission Delegated Regulation (EU) 2016/1052, (Safe Harbour regulation). The share buyback program runs from 4 March 2025 up to and including no later than 30 June 2025. For details, please see company announcement no. 7 of 28 February 2025.

    Under the share buyback program, Trifork will purchase shares for up to a total of DKK 14.92 million (approximately EUR 2 million). Prior to the launch of the share buyback, Trifork held 256,329 treasury shares, corresponding to 1.3% of the share capital. Under the program, the following transactions have been made:

    Date      Number of shares        Average purchase price (DKK)        Transaction value (DKK)
    Total beginning    82,174 86.29 7,090,659
    12 May 2025 1,400 92.38 129,332
    13 May 2025 1,300 92.78 120,614
    14 May 2025 1,300 92.19 119,847
    15 May 2025 1,400 92.00 128,800
    16 May 2025 1,300 92.40 120,120
    Accumulated 88,874 86.74 7,709,372

    A detailed overview of the daily transactions can be found here: https://investor.trifork.com/trifork-shares/

    Since the share buyback program was started on 4 March 2025, the total number of repurchased shares is 88,874 at a total amount of DKK 7,709,372.
    On 25 March and on 25 April 2025, 2,929 shares acquired through the share buyback program were utilized for the Executive Management’s monthly fixed salary, representing a change from cash payment to payment partly in shares (refer to company announcement no. 1 of 21 January 2025). On 1 April 2025, 19,943 shares acquired through the share buyback program were utilized to serve the RSU plan of Executive Management and certain employees.

    With the transactions stated above, Trifork holds a total of 322,331 treasury shares, corresponding to 1.6%. The total number of registered shares in Trifork is 19,744,899. Adjusted for treasury shares, the number of outstanding shares is 19,422,568.

    Investor and media contact
    Frederik Svanholm, Group Investment Director, frsv@trifork.com, +41 79 357 73 17

    About Trifork
    Trifork is a pioneering and global technology partner, empowering enterprise and public sector customers with innovative digital solutions. With 1,215 professionals across 71 business units in 16 countries, Trifork specializes in designing, building, and operating advanced software across sectors such as public administration, healthcare, manufacturing, logistics, energy, financial services, retail, and real estate. The Group’s R&D arm, Trifork Labs, drives innovation by investing in and developing synergistic, high-potential technology companies. Trifork Group AG is publicly listed on Nasdaq Copenhagen. Learn more at trifork.com.

    Attachment

    The MIL Network –

  • MIL-OSI Economics: CBB Governor Participates in Shura Council Forum on Inclusive and Sustainable Economic Development

    Source: Central Bank of Bahrain

    CBB Governor Participates in Shura Council Forum on Inclusive and Sustainable Economic Development

    Published on 18 May 2025

    Manama, Bahrain – 18 May 2025: HE Khalid Humaidan, Governor of the Central Bank of Bahrain (CBB), took part in the ‘Towards Inclusive and Sustainable Economic Development’ Forum hosted by the Shura Council. The event was attended by HE Ali bin Saleh Al Saleh, Chairman of the Shura Council, and HE Shaikh Salman bin Khalifa Al Khalifa, Minister of Finance and National Economy, alongside various ministers and industry professionals from the public and private sectors.

    HE the Governor shared his insights in a panel discussion on national development efforts carried out under the Kingdom’s Economic Vision 2030, including the Economic Recovery Plan and strategies to strengthen growth in priority sectors. Through his participation, HE highlighted the CBB’s role in driving economic development and achieving sustainable economic growth.

    During the session, HE Khalid Humaidan underscored the financial sector’s 17% contribution to the GDP, making it a prime sector for foreign direct investments, in addition to delivering the highest salary rates for around 14,800 employees. HE stated that establishing an innovative, local regulatory environment requires greater investment in digital transformation, human capital growth, and skills development. He also noted the importance of developing regulatory systems that achieve a balance between stability and innovation.

    HE discussed the CBB’s efforts to support the digitalization of the financial system by developing dedicated supervisory systems and enhancing payment and settlement efficiencies. In addition to adopting the highest governance, compliance and consumer protection standards thereby building trust between all parties. He emphasized the importance of attracting investors to facilitate digital transformation, while creating a supportive technical infrastructure to elevate the quality of financial services in Bahrain.

    This participation reflects the CBB’s strategic directive to engage in ongoing dialogue on issues relating to economic and financial sector growth.

    Share this

    MIL OSI Economics –

  • MIL-OSI: Terranet AB – Interim report 2024

    Source: GlobeNewswire (MIL-OSI)

    Significant events during the first quarter

    Validation of Proof of Concept together with MobilityXlab partner
    The validation of the Proof of Concept (PoC) has been completed. Following the installation of BlincVision in the partner’s vehicle and test environment, work has continued based on the defined requirements. The insights gained from the PoC have been valuable for the continued development of the product, and the validation now shows promising results in the defined test scenarios. The dialogue is ongoing, and Terranet intends to involve the partner in upcoming evaluations of the MVP.

    Further development of existing prototype into MVP (Minimum Viable Product)
    The development from prototype to MVP is taking place during the first and second quarters, in line with the communicated product development plan. The initial months of the year have focused on requirement specification, design work, and concept verification. The design has been improved to simplify integration and installation of the system in future partners’ vehicles and test environments. Development efforts continue with a focus on increasing the system’s maturity and functionality.

    New CEO

    On March 10, Lars Lindell took over as the company’s new CEO. He brings many years of experience in leadership roles within tech and growth companies, along with broad international expertise and deep knowledge in sales and business models.

    Significant events after the end of the period

    New financing secured
    On April 16, the company announced that the Board had decided on two directed share issues of SEK 25 million and a fully guaranteed rights issue of SEK 15 million. The directed issue consists of two parts, of which the first, amounting to SEK 9 million (fully paid as of April 30), falls within the authorization from
    the 2024 AGM. The second part of the directed issue, along with the rights issue,
    is subject to approval at the 2025 AGM.

    Financial overview

      Jan-Mar
    2025    		 Jan-Mar 2024 Jan – Dec 2024 Jan – Dec 2023
    Revenue (TSEK) 0 308 283 834
    Operating result (TSEK) -9,176 -8,281 -35,808 -35,926
    Financial items (TSEK) -665 -1,065 -3,292 -37,190
    Earnings per share (SEK) -0,01 -0,01 -0,04 -0,15
    Closing cash (TSEK) 4,952 29,918 18,541 29 006

    Comment from the CEO

    ”2025 – the year BlincVision shows its value in customer environments”

    The first quarter was marked by a clear focus on taking the next step in Terranet’s development. With a 2025 plan targeting an MVP for customers in the third quarter, the organization is fully committed to reaching our goals. Since stepping into the role as CEO in March, I’ve had the opportunity to get to know the business, the team, and our priorities. It’s clear that there is a strong drive to move the technology toward commercial use. In June, the management team and board will meet for this year’s strategy session – an important opportunity to set the direction for 2026 and create the right conditions for continued development and growth.

    Strengthening BlincVision’s patent portfolio
    As part of the MVP development, Terranet is addressing technical challenges within the application areas of event-based cameras. Since the design is now defined and the MVP is set to begin customer deliveries in the third quarter of 2025, it is crucial to intensify the work on IP protection. The company currently licenses patents related to the technology we are developing from third parties, while also continuously strengthening our own patent protection for BlincVision as an integrated part of the development process. This has already resulted in proprietary patent applications, and the work to build a strong, in-house portfolio within event-based camera technology is ongoing.

    Development and commercialization progressing according to plan
    The Proof of Concept report for our partner in MobilityXlab has now been completed. The report confirms that BlincVision performs well even in demanding test scenarios, while also identifying areas for further development. The collaboration has been highly valuable and provides important insights for continued product development. The dialogue with the partner continues, with the aim of including them in the upcoming evaluation of our MVP.

    During the quarter, development efforts have primarily focused on advancing the prototype toward an MVP, through testing in both indoor and outdoor environments, and by improving both software and hardware.

    In the third quarter, our MVP will begin testing with a few selected partners. One of them is an industrial player in the mining sector, with whom a collaboration agreement has already been signed. A kickoff meeting has taken place, and the project requirements have been defined. We look forward to bringing the MVP to the market and gaining a clearer picture of how the technology delivers value in real-world applications.

    A strong financing round
    After the end of the quarter, we completed a successful financing round for the company. A total of SEK 40 million was secured, consisting of a directed issue of units in two parts totaling SEK 25 million and a fully guaranteed rights issue of units of SEK 15 million. The rights issue is being carried out to compensate shareholders who were unable to participate in the directed issue. Both issues were executed with a low discount relative to the average share price in the days preceding the board’s decision.

    The first directed issue of approximately SEK 9 million was fully completed by the end of April, while the second directed issue will be executed following the Annual General Meeting on May 23. The rights issue – which, together with the second directed issue, is subject to approval at the AGM – will be carried out in the weeks following the meeting.

    The unit issues also include TO9 series warrants, with a subscription period in the first half of December. If fully exercised, the warrants could provide the company with an additional SEK 15 million.

    In the press release on April 16, we stated that the total financing, assuming a high exercise rate of TO9, is expected to be sufficient into the second quarter of 2026. There is always some uncertainty regarding the performance of the stock market and, as such, how much TO9 will ultimately contribute. We will adjust our spending to align with the financial reality at any given time.

    One step closer to the customer
    We have a clear goal ahead of us and an organization with the right skills and drive. With a stronger financial position, key partnerships, and rapidly advancing technology, we are well positioned to take the next step toward the market. I look forward to the continued journey together with the team, our partners, and our shareholders.

    Lars Lindell
    CEO
    Lund May 19, 2025

    This information is such that Terranet AB is required to make public in accordance with the EU’s Market Abuse Regulation (MAR). The information was made public by the Company’s contact person below on 19 May 2025, at 08.00 CET.

    For more information, please contact:
    Lars Lindell, CEO
    E-mail: lars.lindell@terranet.se

    About Terranet AB (publ) 
    Terranet’s goal is to save lives in urban traffic. The company develops innovative technical solutions for Advanced Driver Assistance Systems (ADAS) and Autonomous Vehicles (AV). Terranet’s anti-collision system BlincVision laser scans and detects road objects up to ten times faster than any other ADAS technology available today.
    The company is headquartered in Lund, with offices in Gothenburg and Stuttgart. Since 2017, Terranet has been listed on Nasdaq First North Premier Growth Market (Nasdaq: TERRNT-B).

    Follow our journey at: https://terranet.se/
    Terranet financial reports:  https://terranet.se/en/reports/

    Certified Adviser to Terranet is Mangold Fondkommission AB, 08-503 015 50, ca@mangold.se.

    Attachments

    The MIL Network –

  • MIL-OSI China: China’s fixed-asset investment up 4% in Jan-April

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

    China’s fixed-asset investment went up 4 percent year on year in the first four months of 2025, official data showed Monday.

    Excluding the property sector, the country’s fixed-asset investment grew 8 percent year on year during this period, according to the National Bureau of Statistics (NBS).

    Infrastructure investment rose 5.8 percent year on year, while manufacturing investment increased 8.8 percent.

    By industry, investment in the primary industry grew 13.2 percent year on year, while secondary industry investment rose 11.7 percent. The tertiary industry saw investment decrease by 0.2 percent.

    In the high-tech sector, investment in information services surged 40.6 percent, while computer and office equipment manufacturing investment increased 28.9 percent. Investment in aviation, spacecraft and equipment manufacturing grew 23.9 percent, and professional technical services investment rose 17.6 percent.

    Monday’s data also showed that China’s value-added industrial output expanded 6.1 percent year on year in April, while the retail sales of consumer goods, a major indicator of the country’s consumption strength, grew 5.1 percent year on year. The surveyed urban unemployment rate on average in China dropped to 5.1 percent in April.

    In April, the impact of external shocks increased, but with coordinated macro policy efforts, the main economic indicators maintained steady and relatively fast growth, and the Chinese economy continued its upward trend, said the NBS.

    MIL OSI China News –

  • MIL-OSI Russia: China’s Total Fixed Investment Up 4 Pct in Jan-Apr 2025 /detailed version-1/

    Translation. Region: Russian Federal

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

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

    BEIJING, May 19 (Xinhua) — China’s total fixed-asset investment rose 4 percent in January-April 2025 from a year earlier, official data showed Monday.

    Excluding the real estate sector, China’s fixed-asset investment rose 8 percent year-on-year during the period, according to data from the National Bureau of Statistics.

    In particular, investments in infrastructure grew by 5.8 percent, and in manufacturing by 8.8 percent.

    A breakdown by industry shows that investments in the primary sector of the economy /agriculture, forestry, fisheries, livestock/ increased by 13.2 percent compared to the same period last year, investments in the secondary sector increased by 11.7 percent, while in the tertiary sector, on the contrary, they decreased by 0.2 percent. -0-

    MIL OSI Russia News –

  • MIL-OSI Australia: Public consultation on productivity reform priorities

    Source: Australian Parliamentary Secretary to the Minister for Industry

    The Albanese Government welcomes the Productivity Commission’s call for submissions on priority reform areas released today.

    We’re determined to make Australia’s economy more prosperous and productive and this work from the PC is an important part of that process.

    The Albanese Labor Government inherited the largest quarterly fall in productivity in 45 years, with productivity going backwards by 2.4 per cent in the June quarter 2022 – the largest quarterly fall since June quarter 1979.

    Over the decade to 2020, average annual labour productivity growth in Australia was the slowest in 60 years, falling to just 1.1 per cent compared to 1.8 per cent over the 60 years to 2019–20.

    Flatlining productivity is one of the biggest challenges facing our nation, and that’s why we need a big national effort to turn it around.

    That’s why on 13 December 2024, I tasked the Productivity Commission to provide the government with advice on how to address Australia’s long‑run productivity challenges.

    The Productivity Commission has identified 15 priority reform areas for further exploration and will consult on these initiatives from today.

    This is only an initial call for submissions from the PC, and we expect their findings will be informed by the information collected through their consultation process.

    We’ll consider the PC’s recommendations within the context of the fiscal constraints we inherited and balance these against other government priorities.

    We might not be able to run with everything, but we will consider all of it and see what we can progress.

    The Albanese Government already has an ambitious productivity agenda and we’re eager to build on it.

    In our first term, we abolished nearly 500 nuisance tariffs and streamlined and strengthened approval processes in a number of areas including foreign investment, energy, environment and planning.

    We have reformed skills, education and aged care, and we are making it easier for investors to progress transformational projects, including investing in cheaper, cleaner energy.

    We’re also revitalising competition through the biggest changes to merger laws in 50 years, the 10‑year Competition Reform Roadmap, and the $900 million National Productivity Fund.

    In our second term, we’ll progress further reforms including occupational licensing for electricians, abolishing non‑compete clauses, unlocking opportunities in AI and digital assets, streamlining regulation and standing up the Single Front Door, strengthening the National Energy Market, leveraging health technology more effectively, and enabling construction of prefabricated and modular housing.

    It will take longer than two terms to turn around this productivity problem which has been building in our economy for decades, but we know that this work will make a meaningful difference in boosting wages and living standards sustainably into the future.

    MIL OSI News –

  • MIL-OSI New Zealand: Bill for transparent principled lawmaking to be read in the House

    Source: NZ Music Month takes to the streets

    Regulation Minister David Seymour has today announced that the Regulatory Standards Bill will be read in the House. 

    “New Zealand’s low wages can be blamed on low productivity, and low productivity can be blamed on poor regulation. To raise productivity, we must allow people to spend more time on productive activities and less time on compliance,” says Mr Seymour.  

    “To lift productivity and wages, the ACT-National Coalition Agreement includes a commitment to pass a Regulatory Standards Act. Today is another significant step towards that as Cabinet has given approval to introduce the Bill to the house, with the target being enactment by the start of next year. 

    The Regulatory Standards Bill:

    • provides a benchmark for good legislation through a set of principles of responsible regulation
    • enables transparent assessment of the consistency of proposed and existing legislation with the principles
    • establishes a Regulatory Standards Board to independently consider the consistency of proposed and existing legislation, and
    • strengthens regulatory quality by supporting the Ministry for Regulation in its regulatory oversight role.

    “In a nutshell: If red tape is holding us back, because politicians find regulating politically rewarding, then we need to make regulating less rewarding for politicians with more sunlight on their activities. That is how the Regulatory Standards Bill will help New Zealand get its mojo back. It will finally ensure regulatory decisions are based on principles of good law-making and economic efficiency,” Mr Seymour says. 

    “Ultimately, this Bill will help the Government achieve its goal of improving New Zealand’s productivity by ensuring that regulated parties are regulated by a system which is transparent, has a mechanism for recourse, and holds regulators accountable to the people.

    “The law doesn’t stop politicians or their officials making bad laws, but it makes it transparent that they’re doing it. It makes it easier for voters to identify those responsible for making bad rules. Over time, it will improve the quality of rules we all have to live under by changing how politicians behave.

    “In a high-cost economy, regulation isn’t neutral – it’s a tax on growth. This Government is committed to clearing the path of needless regulations by improving how laws are made.”

    Notes to editors: The Regulatory Standards Bill can be found here: Regulatory Standards Bill 155-1 (2025), Government Bill Contents – New Zealand Legislation

    Particular acknowledgements go to Dr Bryce Wilkinson, whose book “Constraining Government Regulation” laid important groundwork for this Bill. Special thanks also go to Dr Graham Scott, Jack Hodder KC, and other members of the Regulatory Responsibility Taskforce, who refined the Bill in 2009

    MIL OSI New Zealand News –

  • MIL-OSI: PaySaxas Secures EMI License and Appoints Dmitrii Barbasura as CEO, Ushering in a New Era of Growth

    Source: GlobeNewswire (MIL-OSI)

    HELSINKI, FINLAND, May 19, 2025 (GLOBE NEWSWIRE) — Paysaxas Oy, the licensed entity behind the PaySaxas fintech brand, proudly announces two major milestones: the successful acquisition of an Electronic Money Institution (EMI) license from the Finnish Financial Supervisory Authority (FIN-FSA) and the appointment of Dmitrii Barbasura as Chief Executive Officer. These developments mark a significant step in the company’s mission to revolutionize business access to financial services across Europe.

    “I am honored to lead PaySaxas at this pivotal moment,” said Dmitrii Barbasura, CEO of PaySaxas. “With our EMI license secured, we are poised to accelerate expansion across Europe, enhance our infrastructure, and strengthen customer trust. PaySaxas is dedicated to innovation, compliance, and delivering an exceptional financial experience. I look forward to driving the company forward as we set new standards in the fintech industry.”

    A Milestone in Regulatory Advancement

    The FIN-FSA EMI License, granted to Paysaxas Oy, authorizes the issuance of electronic money and the provision of payment services throughout the European Economic Area, subject to EU passporting. As the regulatory foundation behind the PaySaxas platform, Paysaxas Oy ensures secure, compliant, and scalable operations. The company is officially listed in the European Banking Authority’s central register, further reinforcing its credibility as it expands across Europe. This regulatory recognition highlights the company’s commitment to upholding the highest standards in financial services, ensuring transparency, security, and compliance with European financial regulations.

    EMI status is expected to propel PaySaxas’s growth by providing a strong regulatory endorsement, increasing confidence among clients and partners. The license enables the company to scale its infrastructure, support higher transaction volumes, and maintain stringent oversight and risk controls. As a regulated EMI, PaySaxas is committed to delivering seamless and innovative financial solutions, including faster cross-border transactions, all under the supervision of a respected European authority.

    Strategic Leadership for a New Growth Phase

    The appointment of Dmitrii Barbasura as CEO comes at a time of rapid growth and expansion for PaySaxas. With an extensive background in fintech and financial services, Barbasura brings a wealth of experience in scaling businesses, driving innovation, and fostering strategic partnerships. His leadership will be instrumental in strengthening the market position of PaySaxas and expand the service offerings of PaySaxas to meet the evolving needs of businesses across Europe.

    Dmitrii Barbasura’s expertise in the fintech sector positions him as the ideal leader to guide PaySaxas through its next phase of development. His deep understanding of financial technology, regulatory compliance, and strategic growth aligns with the company’s mission of delivering cutting-edge financial solutions while maintaining the highest standards of security and compliance. Under his leadership, PaySaxas is set to introduce innovative services that enhance the customer experience and support the company’s long-term growth objectives.

    Expanding Services and Future Outlook

    With its new regulatory status, PaySaxas plans to introduce a range of enhanced financial products and services designed to support businesses in managing payments more efficiently. The company aims to leverage its EMI license to develop faster and more secure payment processing solutions, multi-currency support, and enhanced financial management tools tailored to the needs of modern enterprises.

    Looking ahead, PaySaxas is focused on building strong partnerships with financial institutions, technology providers, and businesses seeking robust payment infrastructure. The company remains dedicated to continuous innovation, ensuring that its platform remains at the forefront of the evolving financial services industry.

    With a seasoned leader at the helm and a robust regulatory framework in place, PaySaxas is entering an exciting new chapter. These milestones reaffirm the company’s commitment to innovation, regulatory excellence, and customer-centric financial solutions. Under Barbasura’s leadership, PaySaxas is well-positioned to expand its footprint and redefine financial infrastructure for businesses across Europe.

    Social Links

    X: https://twitter.com/paysaxas

    Instagram: https://www.instagram.com/paysaxas

    LinkedIn: https://www.linkedin.com/company/paysaxas/

    Facebook: https://www.facebook.com/paysaxas

    Media contact

    Brand: PaySaxas

    Contact: Svyat Serbin

    Email: marketing@paysaxas.com

    Website: https://paysaxas.com

    The MIL Network –

  • MIL-OSI: BNP PARIBAS LAUNCHES A SHARE BUYBACK PROGRAMME PLANNED FOR 2025 OF EUR 1.084 BILLION

    Source: GlobeNewswire (MIL-OSI)

      

    BNP PARIBAS LAUNCHES
    A SHARE BUYBACK PROGRAMME PLANNED FOR 2025
    OF EUR 1.084 BILLION

    PRESS RELEASE

    Paris, 19 May 2025

    BNP Paribas announces today the launch of the share buyback programme planned for 2025 for a maximum amount of EUR 1.084 billion.

    BNP Paribas has received the approval from the European Central Bank and a contract was concluded with an investment services provider acting independently, entrusted with an irrevocable instruction to purchase the shares.

    The purchase period will start on May 19th, 2025 and will end no later than June 20th, 2025. The shares purchased under the programme will be cancelled.

    BNP Paribas will provide weekly updates on the progress of the programme via a press release on BNP Paribas’ website, and via full and effective dissemination in accordance with the applicable regulatory provisions:

    https://invest.bnpparibas/en/search/reports/documents/regulated-information.

    The share buyback programme will be carried out in accordance with the provisions set out in the EU Regulation n°596/2014 of the European Parliament and of the Council of April 16th, 2014 on market abuse, as modified, and its implementing provisions, and within the limits of the authorisation granted to BNP Paribas to purchase shares on the market pursuant to the 5th resolution adopted by the General Meeting of BNP Paribas on May 13th, 2025.

    The description of the share buyback programme is available in appendix and on BNP Paribas’s website: https://invest.bnpparibas/en/search/reports/documents/regulated-information.

    APPENDIX: DESCRIPTION OF THE SHARE BUYBACK PROGRAMME

    The present description complies with the provisions of article 241-2, I of the General Regulation of the French Financial Markets Authority (Autorité des Marchés Financiers).

    Date of the general meeting which approved the resolution concerning the share buyback programme
    May 13th, 2025

    Objectives pursued by BNP PARIBAS

    In accordance with the fifth resolution approved by the combined General Meeting on May 13th, 2025, the shares may be purchased for the purposes of:

    • their cancellation in situations identified by the Extraordinary General Meeting;
    • honoring the obligations linked to the issuance of equity instruments, stock option plans, bonus share awards, the allotment or selling of shares to employees as part of a profit-sharing scheme, employee shareholding or Corporate Savings Plans, or any other type of share grant for employees and directors and corporate officers of BNP Paribas and of the companies controlled exclusively by BNP Paribas within the meaning of article L.223-16 of the French Commercial Code;
    • holding and subsequently remitting them in exchange or as payment for external growth transactions, mergers, spin-offs or asset contributions;
    • under a market-making agreement in accordance with Decision No. 2021-01 of 22 June 2021 of the French Financial Markets Authority (Autorité des Marchés Financiers);
    • carrying out investment services for which BNP Paribas has been approved or to hedge them.

    Maximum amount allocated to the share buyback programme, maximum number of shares to be purchased

    The General Meeting has authorised the Board of Directors to purchase a number of shares representing up to 10% of the shares comprising the share capital of BNP Paribas. For illustrative purposes, on the basis of the actual capital, 113,081,067 shares which represents, on the basis of a maximum repurchase price of EUR 102 per share, set by the fifth resolution approved by the General Meeting dated May 13th, 2025, a theoretical maximum purchase amount of EUR 11,534,268,834. Such limit is likely to change in case of transactions affecting the share capital.

    The shares which may be purchased under the present description are BNP Paribas’ shares listed on Euronext Paris – A compartment, ISIN Code FR0000131104.

    Considering that BNP Paribas owned as of May 9th, 2025 directly 721,971 of its own shares, i.e. 0.06% of its share capital, the number of shares that is likely to be purchased at the date of this description is 112,359,096 shares representing 9.94% of the share capital, i.e., on the basis of a maximum purchase price of EUR 102 per share as set by the General Meeting, a theoretical maximum purchase amount of EUR 11,460,627,792.

    Duration of the share buyback programme

    The authorisation granted by the General Meeting dated May 13th, 2025, as described in the fifth resolution, is valid for an eighteen-month period with effect from the date of the said General Meeting, i.e. up to November 13th, 2026.

    The Board of directors will ensure that these share purchases are carried out in accordance with the prudential requirements as defined by the regulation and the European Central Bank.
    ​

    About BNP Paribas
    Leader in banking and financial services in Europe, BNP Paribas operates in 64 countries and has nearly 178,000 employees, including more than 144,000 in Europe. The Group has key positions in its three main fields of activity: Commercial, Personal Banking & Services for the Group’s commercial & personal banking and several specialised businesses including BNP Paribas Personal Finance and Arval; Investment & Protection Services for savings, investment and protection solutions; and Corporate & Institutional Banking, focused on corporate and institutional clients. Based on its strong diversified and integrated model, the Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realise their projects through solutions spanning financing, investment, savings and protection insurance. In Europe, BNP Paribas has four domestic markets: Belgium, France, Italy and Luxembourg. The Group is rolling out its integrated commercial & personal banking model across several Mediterranean countries, Türkiye, and Eastern Europe. As a key player in international banking, the Group has leading platforms and business lines in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific. BNP Paribas has implemented a Corporate Social Responsibility approach in all its activities, enabling it to contribute to the construction of a sustainable future, while ensuring the Group’s performance and stability.

    Press contact :
    Sandrine Romano – sandrine.romano@bnpparibas.com – +33 6 71 18 23 05
    Hacina Habchi – hacina.habchi@bnpparibas.com – +33 7 61 97 65 20

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    The MIL Network –

  • MIL-OSI: NVIDIA Powers World’s Largest Quantum Research Supercomputer

    Source: GlobeNewswire (MIL-OSI)

    TAIPEI, Taiwan, May 19, 2025 (GLOBE NEWSWIRE) — COMPUTEX — NVIDIA today announced the opening of the Global Research and Development Center for Business by Quantum-AI Technology (G-QuAT), which hosts ABCI-Q — the world’s largest research supercomputer dedicated to quantum computing.

    Quantum processors promise to augment AI supercomputers in solving some of the world’s most complex challenges, spanning industries including healthcare, energy and finance. By enabling quantum-GPU computing at an unprecedented scale, ABCI-Q marks a profound leap toward realizing practical, accelerated quantum systems.

    Delivered by Japan’s National Institute of Advanced Industrial Science and Technology (AIST), the ABCI-Q supercomputer features 2,020 NVIDIA H100 GPUs interconnected by the NVIDIA Quantum-2 InfiniBand networking platform.

    The system is integrated with NVIDIA CUDA-Q™, an open-source hybrid computing platform for orchestrating the hardware and software needed to run useful, massive-scale quantum computing applications.

    “Seamlessly coupling quantum hardware with AI supercomputing will accelerate realizing the promise of quantum computing for all,” said Tim Costa, senior director of computer-aided engineering, quantum and CUDA-X™ at NVIDIA. “NVIDIA’s collaboration with AIST will catalyze progress in areas like quantum error correction and applications development — crucial for building useful, accelerated quantum supercomputers.”

    ABCI-Q’s AI supercomputing is integrated with a superconducting qubit processor by Fujitsu, a neutral atom quantum processor by QuEra and a photonic processor by OptQC — enabling hybrid quantum-GPU workloads across multiple qubit modalities.

    “ABCI-Q will enable researchers in Japan to explore the core challenges quantum computing technologies face and speed the path to practical use cases,” said Masahiro Horibe, deputy director of G-QuAT and AIST. “The NVIDIA accelerated computing platform in ABCI-Q will empower scientists to experiment with the stepping-stone systems needed to advance quantum computing.”

    Watch the COMPUTEX keynote from NVIDIA founder and CEO Jensen Huang, and learn more at NVIDIA GTC Taipei.

    About NVIDIA
    NVIDIA (NASDAQ: NVDA) is the world leader in accelerated computing.

    For further information, contact:
    Alex Shapiro
    NVIDIA Public Relations
    1-415-608-5044
    ashapiro@nvidia.com

    Certain statements in this press release including, but not limited to, statements as to: the benefits, impact, availability, and performance of NVIDIA’s products, services, and technologies; NVIDIA’s collaborations with third parties and the impact and benefits thereof; ABCI-Q enabling researchers in Japan to explore the core challenges quantum computing technologies face and speed the path to practical use cases; the NVIDIA accelerated computing platform in ABCI-Q empowering scientists to experiment with the stepping-stone systems needed to advance quantum computing are 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, which are subject to the “safe harbor” created by those sections and that are subject to risks and uncertainties that could cause results to be materially different than expectations. Important factors that could cause actual results to differ materially include: global economic conditions; our reliance on third parties to manufacture, assemble, package and test our products; the impact of technological development and competition; development of new products and technologies or enhancements to our existing product and technologies; market acceptance of our products or our partners’ products; design, manufacturing or software defects; changes in consumer preferences or demands; changes in industry standards and interfaces; unexpected loss of performance of our products or technologies when integrated into systems; as well as other factors detailed from time to time in the most recent reports NVIDIA files with the Securities and Exchange Commission, or SEC, including, but not limited to, its annual report on Form 10-K and quarterly reports on Form 10-Q. Copies of reports filed with the SEC are posted on the company’s website and are available from NVIDIA without charge. These forward-looking statements are not guarantees of future performance and speak only as of the date hereof, and, except as required by law, NVIDIA disclaims any obligation to update these forward-looking statements to reflect future events or circumstances.

    © 2025 NVIDIA Corporation. All rights reserved. NVIDIA, the NVIDIA logo, CUDA-Q and CUDA-X are trademarks and/or registered trademarks of NVIDIA Corporation in the U.S. and other countries. Other company and product names may be trademarks of the respective companies with which they are associated. Features, pricing, availability and specifications are subject to change without notice.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/222a8e38-128b-40ab-b90a-be59593eb585

    The MIL Network –

  • MIL-OSI Economics: Development Asia: How Public Assurance Systems Improve ESG Disclosure and Investor Trust

    Source: Asia Development Bank

    Environmental, Social, and Governance information—non-financial corporate data—has become increasingly important in today’s market. According to Bloomberg earlier this year, global ESG investments amounted to USD 30 trillion in 2022 and are expected to surpass USD 40 trillion by 2030. As studies continue to show that ESG performance influences corporate value, financial outcomes, and borrowing costs, ESG disclosure is now taken more seriously than ever.

    However, the legal framework for ESG disclosure remains incomplete, leaving consumers and investors vulnerable to misleading practices such as ESG washing. ESG investments are rapidly growing and influencing business activities, yet concerns[1] persist over greenwashing—where companies falsely promote or exaggerate the environmentally friendly attributes of their actions or products. International organizations and regulatory authorities across various countries are working to establish and strengthen non-financial disclosure requirements, but a universal regulatory framework is unlikely to emerge quickly due to the complexity and diversity of ESG information.[2]

    Despite these challenges, such a regulatory framework is essential, as greenwashing fosters false perceptions among consumers and investors, leading to misunderstanding and potential harm. A notable example is the 2015 Volkswagen emissions scandal, in which the company deliberately manipulated diesel engine performance during emissions tests, misleading regulators and consumers alike.[3] More recently, concerns have been raised that banks with weak ESG evaluations have greenwashed their performance by increasing lending to companies with stronger ESG ratings.

    While establishing a legal framework to impose sanctions for misleading ESG disclosures would help mitigate greenwashing risks, developing such a system is expected to take significant time. Although ESG disclosure obligations are strengthening worldwide, variations in mandatory reporting content and format between countries will likely persist for the foreseeable future. Ensuring consistency, accuracy, and comparability in ESG disclosures remains a complex challenge.[4]

    Moreover, non-financial information—such as environmental, governance, and social data—often presents greater information asymmetry between companies and investors than financial metrics. Quantifying and standardizing this information is difficult, as its relevance varies by industry, making it challenging to define uniform disclosure standards. Additionally, some ESG disclosure obligations have not been introduced based on investor materiality but rather due to historical factors, such as responses to industrial accidents, social concerns, environmental damage, or governance failures.[5]

    As a result, reporting obligations for many critical ESG indicators that matter to investors remain absent or incomplete. Yet, markets and investors must continue making decisions based on these fragmented disclosures, increasing the risk of confusion and financial loss.

    MIL OSI Economics –

  • MIL-Evening Report: An online travel company just collapsed. Here’s how to avoid being left stranded by an online deal

    Source: The Conversation (Au and NZ) – By Madalyn Scerri, Senior Lecturer in Tourism and Hospitality, Torrens University Australia

    Viacheslav Lopatin/Shutterstock

    Traveldream.com.au sold discounted holidays – curated hiking tours, boutique cruises and cultural getaways through a slick website and polished social media ads. But news emerged last week that the Melbourne-based travel company has collapsed into administration, leaving customers out of pocket by thousands of dollars, and in some cases, stranded overseas.

    What many didn’t know was that Traveldream hadn’t been formally accredited with the leading industry body since 2020. Its status under the Australian Travel Accreditation Scheme, run by the Australian Travel Industry Association, had been cancelled.

    To make matters worse, most travel insurance policies don’t cover insolvency, meaning many customers have no way to recover their losses.

    Australians are expected to spend over A$2 billion booking holidays online in 2024–25.

    Big name platforms such as Booking.com and Expedia account for about 60% of this activity. But many travellers are also turning to smaller or lesser-known providers offering flashy deals and lower prices, often with fewer safeguards.

    So, how can you protect yourself? Start with these five checks.

    1. Don’t be swayed by slick websites or social media ads

    It’s a common tactic, and one that’s hard to resist. You’re scrolling, you see a dreamy image, the price is tempting, and suddenly you’re halfway through checkout.

    But a polished ad doesn’t guarantee legitimacy.

    Travel-related scams are on the rise, especially involving online-only sellers.

    Ads on social media for idyllic vacations can be tempting, but check the fine print.
    Song_about_summer/Shutterstock

    Check for a verifiable business address, phone number and customer support. If the deal feels vague, under-priced or overly urgent, that’s a red flag.

    Look for independent reviews (on Trustpilot, Tripadvisor or Google), and check Scamwatch for known issues.

    2. Look at how the company engages with customers

    A company’s reputation isn’t just about what it promises: it’s built on how it responds to questions and complaints. Before booking, take a moment to see how the business interacts with customers online.

    Do they reply constructively to complaints? Do they offer updates or explanations when issues arise?

    Also notice the tone. Does it feel human and responsive, or generic and hands-off? That can suggest how they’ll treat you after the sale.

    Small signs can speak volumes. A page with thousands of followers but no visible engagement may indicate a paid audience – and a company that vanishes when things get difficult.

    3. Check if the company is accredited

    Another way to assess a travel company’s credibility is to check if it holds formal accreditation. This signals the company has met standards in financial security, customer service and dispute resolution.

    Search the Australian Travel Accreditation Scheme register at https://www.atas.com.au, or look for Quality Tourism Accreditation. For overseas providers, check for recognised local schemes.

    Accreditation offers extra reassurance, but it’s not the whole picture. Some large, reputable companies, such as Expedia, operate without it. If a company isn’t accredited, proceed with caution and focus on how bookings and payments are handled.

    4. Scrutinise policies carefully

    Before booking, check what happens if the provider goes bust, whether you can cancel or reschedule, and how your booking will be confirmed. Where possible, follow up directly with the hotel, airline or tour operator to make sure reservations are secured.

    Booking directly with a hotel or tour provider can ensure you are getting up-to-date availability.
    Media_Photos/Shutterstock

    It’s also important to understand what travel insurance does – and doesn’t – cover.

    Company insolvency is one of the most common exclusions. Unless a policy includes “end supplier failure” or a similar clause (most don’t), you may not be able to claim a refund. Always read the Product Disclosure Statement to check exactly where you stand.

    Another safeguard is to pay with protection in mind. Although conditions vary by provider, credit cards may offer chargebacks if the goods or services aren’t delivered.

    5. Book direct where feasible

    While accredited travel agencies can be helpful for complex itineraries, like overseas trips with multiple stops or bundled services, it’s often worth booking directly with the provider when making travel arrangements online, whether that’s a hotel, airline or tour company.

    Cutting out the intermediary can offer better value, including complimentary extras, flexible cancellation and full access to loyalty programs.

    Direct bookings usually reflect real-time availability and pricing, reducing the risk of outdated information. You’ll benefit from direct communication and confirmation, making it easier to customise or resolve issues.

    If something goes wrong, there’s also greater clarity about who’s responsible – offering stronger recourse under Australian Consumer Law.

    The bottom line?

    As more Australians book holidays online, it’s becoming harder to tell what’s trustworthy and what could leave you out of pocket.

    Traveldream’s collapse is a reminder. Even in the world of digital travel deals, it pays to ask: is this company built to last, not just until your trip departs, but until you return home?

    The authors do not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

    – ref. An online travel company just collapsed. Here’s how to avoid being left stranded by an online deal – https://theconversation.com/an-online-travel-company-just-collapsed-heres-how-to-avoid-being-left-stranded-by-an-online-deal-256878

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI Russia: /Economic Review/ A small Chinese county has acquired its own niche in the global tire market

    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

    JINAN, May 19 (Xinhua) — Ten years ago, Ahmed Moussa, a trader from Algeria, started buying tires in a region of China known as Guangrao, a county with a population of only about half a million people in eastern China’s Shandong Province.

    “You will find quality tires at competitive prices here,” Musa said at the 15th China /Guangzhou/ International Rubber Tire & Auto Accessories Exhibition, which ended on May 17. The event attracted more than 50 of the world’s leading tire companies, including those from the Fortune 500 list. Moreover, all 10 of the world’s largest tire makers were present at the exhibition.

    A. Musa’s company, Sarl Famo Pneumatique, sold about 300,000 tires from Guangzhao in 2024 and plans to increase orders.

    In the mid-1990s, the eastern Chinese county, located near China’s second-largest oil field, Shengli, had already become the country’s largest rubber hose production base. However, as the market became saturated with such products, some local manufacturers switched to producing automobile tires.

    With an annual output of 177 million radial tires, 86.6 percent of which are exported, Guangrao is home to China’s largest rubber tire industrial cluster, said Sun Xiaohua, head of the local bureau of industry and information technology. The county’s export revenue of 25.95 billion yuan (about $3.6 billion) in 2024 underscores its dominant position.

    “Here you can find almost all the most modern tires at prices 30-40 percent lower than world prices,” said a Russian buyer named Ivanov, emphasizing that this is a breakthrough offer in terms of cost.

    At the Shandong Huasheng Rubber Group booth, engineers demonstrated self-sealing tires using polymer composites and specially designed sound-absorbing foam inserts – technologies previously monopolized by premium brands. Liu Kaihua, a representative of the company, explained that many Chinese manufacturers can now achieve comparable or even better results through independent research and development.

    The buyers who came from all over the world took note of this significant breakthrough. “Tires from Guangrao have reached new heights in terms of quality and performance. Although many premium tires here now retail for over 1,000 yuan, the price-quality ratio is still very high,” Musa said.

    Behind Guangrao County’s success is the drive for innovation by local enterprises and the accelerating pace of smart transformation in China’s tire industry, supported by government initiatives.

    In 2015, China’s Ministry of Industry and Information Technology included the country’s tire industry in a smart manufacturing pilot program to promote intelligent transformation through policy guidance, standard setting, and financial support. Guidelines for 2024 included upgrading outdated tire manufacturing equipment, and by 2027, the document aims to achieve a level of digital transformation where the productivity of key CNC processes reaches more than 85 percent.

    Guangrao-based Shandong Yongsheng Rubber Group Co., Ltd. has completed an intelligent upgrade of its radial tire production line, replacing 182 key machines/sets and installing automated logistics systems, resulting in a significant improvement in production efficiency. According to Hao Yufeng, who is in charge of smart manufacturing at the company, Internet of Things (IoT)-enabled equipment and automated guided vehicles have reduced labor requirements. He noted that 95 percent of the key equipment is controlled by digital technology.

    The tire boom in Guangrao shows no signs of slowing down. The county is doubling down on expansion and innovation to maintain its lead. This year, the county government plans to invest 9.31 billion yuan in 14 key projects, increasing annual radial tire output to more than 260 million units.

    The boom underscores China’s dominance in the tire industry. In 2024, China exported rubber tires worth more than $20 billion, accounting for 35 percent of the global total. That figure makes the country the world’s leading tire manufacturer and exporter.

    At the 15th China /Guangzhao/ International Rubber Tire & Auto Accessories Expo, it was clear that Guangzhao’s transformation is not just a local story, but part of a larger shift in China’s manufacturing sector. Traders like A. Musa are optimistic. “My customers and I are looking forward to the cutting-edge innovations that Guangzhao’s tire companies can offer,” he added. -0-

    MIL OSI Russia News –

  • MIL-OSI Economics: Money Market Operations as on May 16, 2025

    Source: Reserve Bank of India
    (Amount in ₹ crore, Rate in Per cent)
      Volume
    (One Leg)    		 Weighted
    Average Rate    		 Range
    A. Overnight Segment (I+II+III+IV) 6,686.90 5.73 5.00-6.80
         I. Call Money 1,699.15 5.56 5.25-5.90
         II. Triparty Repo 3,253.75 5.74 5.00-6.24
         III. Market Repo 41.00 5.25 5.25-5.25
         IV. Repo in Corporate Bond 1,693.00 5.88 5.85-6.80
    B. Term Segment      
         I. Notice Money** 14,937.28 5.84 4.90-5.90
         II. Term Money@@ 502.00 – 5.75-6.10
         III. Triparty Repo 3,95,938.75 5.64 5.01-5.80
         IV. Market Repo 1,91,341.70 5.65 3.00-6.13
         V. Repo in Corporate Bond 0.00 – –
      Auction Date Tenor (Days) Maturity Date Amount Current Rate /
    Cut off Rate
    C. Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF)
    I. Today’s Operations
    1. Fixed Rate          
    2. Variable Rate&          
      (I) Main Operation          
         (a) Repo          
         (b) Reverse Repo          
      (II) Fine Tuning Operations          
         (a) Repo Fri, 16/05/2025 3 Mon, 19/05/2025 5,293.00 6.01
         (b) Reverse Repo          
      (III) Long Term Operations^          
         (a) Repo          
         (b) Reverse Repo          
    3. MSF# Fri, 16/05/2025 1 Sat, 17/05/2025 340.00 6.25
      Fri, 16/05/2025 2 Sun, 18/05/2025 0.00 6.25
      Fri, 16/05/2025 3 Mon, 19/05/2025 0.00 6.25
    4. SDFΔ# Fri, 16/05/2025 1 Sat, 17/05/2025 2,69,415.00 5.75
      Fri, 16/05/2025 2 Sun, 18/05/2025 0.00 5.75
      Fri, 16/05/2025 3 Mon, 19/05/2025 20,494.00 5.75
    5. Net liquidity injected from today’s operations [injection (+)/absorption (-)]*       -2,84,276.00  
    II. Outstanding Operations
    1. Fixed Rate          
    2. Variable Rate&          
      (I) Main Operation          
         (a) Repo          
         (b) Reverse Repo          
      (II) Fine Tuning Operations          
         (a) Repo          
         (b) Reverse Repo          
      (III) Long Term Operations^          
         (a) Repo Thu, 17/04/2025 43 Fri, 30/05/2025 25,731.00 6.01
         (b) Reverse Repo          
    3. MSF#          
    4. SDFΔ#          
    D. Standing Liquidity Facility (SLF) Availed from RBI$       8,735.56  
    E. Net liquidity injected from outstanding operations [injection (+)/absorption (-)]*     34,466.56  
    F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*     -2,49,809.44  
    G. Cash Reserves Position of Scheduled Commercial Banks
         (i) Cash balances with RBI as on May 16, 2025 9,35,154.12  
         (ii) Average daily cash reserve requirement for the fortnight ending May 16, 2025 9,41,653.00  
    H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ May 16, 2025 5,293.00  
    I. Net durable liquidity [surplus (+)/deficit (-)] as on May 02, 2025 2,34,873.00  
    @ Based on Reserve Bank of India (RBI) / Clearing Corporation of India Limited (CCIL).
    – Not Applicable / No Transaction.
    ** Relates to uncollateralized transactions of 2 to 14 days tenor.
    @@ Relates to uncollateralized transactions of 15 days to one year tenor.
    $ Includes refinance facilities extended by RBI.
    & As per the Press Release No. 2019-2020/1900 dated February 06, 2020.
    Δ As per the Press Release No. 2022-2023/41 dated April 08, 2022.
    * Net liquidity is calculated as Repo+MSF+SLF-Reverse Repo-SDF.
    ¥ As per the Press Release No. 2014-2015/1971 dated March 19, 2015.
    # As per the Press Release No. 2023-2024/1548 dated December 27, 2023.
    ^ As per the Press Release No. 2025-2026/91 dated April 11, 2025.
    Ajit Prasad          
    Deputy General Manager
    (Communications)    
    Press Release: 2025-2026/359

    MIL OSI Economics –

  • MIL-OSI China: Chinese car manufacturer introduces EV brand to Ethiopian market

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

    People learn about new electric vehicle models at a brand launch event organized by Chinese automaker Guangzhou Automobile Group Co., Ltd (GAC Group) in Addis Ababa, the capital of Ethiopia, on May 17, 2025. [Photo/Xinhua]

    Chinese automaker Guangzhou Automobile Group Co., Ltd (GAC Group) has introduced two of its electric vehicle (EV) models to the Ethiopian market, marking the Chinese car brand’s entry into the East African country.

    The company unveiled its AION Y and ES9 models on Saturday at a launch event in Addis Ababa, the capital of Ethiopia.

    Addressing the event, Zeleke Temesgen, commissioner of the Ethiopian Investment Commission, said the government has taken bold measures to encourage the adoption of EVs to accelerate the country’s transition to electric mobility.

    “The Ethiopian government has already banned the production, import, and assembly of gas-powered cars, so Ethiopia would be an ideal market for reputable companies like GAC Group,” said Temesgen.

    Appreciating GAC Group’s commitment to launching its EV brand in Ethiopia, the commissioner called on the company to set up a manufacturing plant so as to take advantage of favorable investment and massive market opportunities, and accelerate Ethiopia’s green mobility.

    Bareo Hassen, Ethiopian state minister of transport and logistics, said the government aspires to achieve green mobility “in the shortest time possible” with the goal of conserving energy and supporting the national economy.

    As part of the government’s push for a transition to electric mobility, more than 100,000 EVs are currently on the road across Ethiopia, which aims to have up to 500,000 EVs in the next 10 years, replacing the majority of cars powered by fossil fuels.

    Ethiopia is also working to expand EV production and the installation of public charging stations, and offering support and various incentives to private investors, such as free or leased land for investors in EV after-sales services, according to the Ministry of Transport and Logistics.

    Wei Haigang, president of GAC International, said the company, through its partner Huajian Group, will sell electric vehicles, establish charging infrastructure, and initiate local assembly operations in Ethiopia.

    Noting Ethiopia’s high potential for the EV market, Wei said GAC Group will engage in EV production in the future to tap into the huge market and support the country’s transition to electric mobility. 

    MIL OSI China News –