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Category: Europe

  • MIL-OSI: Varonis Secures HDS Certification, Strengthening Commitment to Health Data Protection in France

    Source: GlobeNewswire (MIL-OSI)

    Certification affirms that Varonis’ cloud-native Data Security Platform meets stringent legal requirements for safeguarding personal medical information

    MIAMI, July 23, 2025 (GLOBE NEWSWIRE) — Varonis Systems, Inc. (Nasdaq: VRNS), the leader in data security, announced it achieved Hébergeur de Données de Santé (Health Data Hosting) certification. This certification is a prerequisite for any organization wishing to host health data in France and provides a framework for the security and protection of personal health data.

    The certification demonstrates Varonis’ ability to meet the requirements as defined in the HDS Referential version 2.0.

    “Varonis is dedicated to upholding the highest international standards for data security,” said Gilad Raz, CIO and VP of Technical Services at Varonis. “Achieving the HDS certification reinforces our commitment to protecting our customers’ health data and complying with local regulations.”

    The HDS accreditation enables Varonis to serve French healthcare customers who are legally required to use HDS-certified providers, meet stringent regulatory requirements, expand its footprint in EU healthcare markets, and reinforce trust by ensuring data handling adheres to the highest standards of confidentiality, integrity, and availability.

    To explore the full list of Varonis certifications, visit www.varonis.com/trust.

    Additional Resources

    About Varonis
    Varonis (Nasdaq: VRNS) is the leader in data security, fighting a different battle than conventional cybersecurity companies. Our cloud-native Data Security Platform continuously discovers and classifies critical data, removes exposures, and detects advanced threats with AI-powered automation.

    Thousands of organizations worldwide trust Varonis to defend their data wherever it lives — across SaaS, IaaS, and hybrid cloud environments. Customers use Varonis to automate a wide range of security outcomes, including data security posture management (DSPM), data classification, data access governance (DAG), data detection and response (DDR), data loss prevention (DLP), AI security, identity protection, and insider risk management.

    Varonis protects data first, not last. Learn more at www.varonis.com.

    Investor Relations Contact:
    Tim Perz
    Varonis Systems, Inc.
    646-640-2112
    investors@varonis.com

    News Media Contact:
    Rachel Hunt
    Varonis Systems, Inc.
    877-292-8767 (ext. 1598)
    pr@varonis.com

    The MIL Network –

  • MIL-OSI: Pacvue Partners with Unlimitail, a Leading European Grocery Media Network, to Expand Retail Media Access Across Europe, Starting with Carrefour

    Source: GlobeNewswire (MIL-OSI)

    LOS ANGELES, July 23, 2025 (GLOBE NEWSWIRE) — Pacvue today announced a strategic partnership with Unlimitail, the retail media network serving over 35 leading retailers across Europe and Latin America.

    This collaboration will expand Pacvue clients’ self-service capabilities by enabling brands and agencies to activate campaigns across Unlimitail’s network via Pacvue’s commerce operating system. It also unlocks incremental demand by opening access to global and regional budgets through Pacvue’s platform. The partnership will begin with Carrefour, the number one grocery player in Europe, with campaigns launchable starting this summer in France.

    This integration reflects the increasing maturity of Europe’s retail media landscape and aligns with the best practices established in the most advanced markets. It also showcases Unlimitail’s and Pacvue’s continued investments in creating a more unified, standardized, and accessible ecosystem through streamlined platforms and partner integrations.

    Through this integration, Pacvue now offers streamlined access to Carrefour France’s onsite media inventory, allowing brands and agencies to seamlessly plan, launch, and optimize retail media campaigns with greater precision, efficiency, and control. The partnership will progressively expand to other countries and other retailers in Europe.

    Strategic Impact for brands and agencies

    This partnership, enabled by Unlimitail’s exclusive retail media offering and ad tech infrastructure, positions Pacvue clients to capitalize on the growth of the European retail media market with more personalized campaigns, real-time optimization, and access to one of the region’s most influential grocery retail media channels.

    This partnership will bring key benefits to brands:

    • Access to exclusive retail media inventory: Activate campaigns across Unlimitail onsite media inventories, starting with Carrefour in France. Reach shoppers in high-impact placements throughout the whole purchase journey.
    • Performance measurement powered by transactional data: Use Pacvue’s platform to monitor and optimize campaigns in real time, with performance insights enriched by retailer’s transactional data.
    • Streamlined access to a top-tier retail media networks: Leverage Pacvue’s platform to easily activate and manage campaigns across one of Europe’s most influential retail media networks and advanced retailers, with centralized visibility and control. This global connectivity for brands and agencies will bring Europe closer to the most mature markets in retail media.

    “At Unlimitail, our mission is to make omnichannel retail media simpler, smarter, and more impactful for brands. Partnering with Pacvue, the worldwide leading Commerce platform, does exactly that, by allowing us to expand the accessibility of our retailer’s inventories to more global agencies and advertisers. This global connectivity, powered by Pacvue tools, is a significant step in steering the European markets towards the most mature countries in retail media. More than ever, we are committed to lead the way in helping brands put retail media at the core of their Marketing & Commerce strategies,” declares Thibault Hennion, COO of Unlimitail.

    Victor De La Fuente, the Head of Global eCommerce at Nestle, shared, “We’re thrilled about the opportunities this partnership between Unlimitail and Pacvue brings. Accessing and managing Carrefour’s data through the Pacvue solution marks a significant advancement in our retail digital media initiatives across Europe, enhancing operational efficiency and driving performance.”

    Unlocking Carrefour’s Retail Media Ecosystem

    This partnership will start by providing access to Carrefour inventories in France. Carrefour.fr welcomes close to 17 million unique monthly visitors, with nearly 2 million new visitors added in the past year (source: Médiamétrie net ratings, February 2025). In France, 1 in 4 people now visit the retailer regularly, with 97% of shoppers still shopping through the website at least 2 years after their first purchase (source: Kantar).

    With such a loyal and high-traffic environment, Unlimitail and Carrefour offer a strong foundation for performance. According to Unlimitail’s latest benchmark study, Retail Media Decoded, Sponsored Product campaigns in Europe on grocery reach an average click-through rate around 1,0%, with 1-1 ROAS above 3x and Halo ROAS around 6x, demonstrating the power of well-executed activations and their impact not only on products, but brands as a whole.

    Pacvue’s Investment in European Expansion

    This announcement comes as Pacvue deepens its investment in Europe with the appointment of Mark James as VP, Head of EMEA. With over 15 years of experience in retail media and digital advertising, James will support the company’s continued growth and localized value for brands across the region.

    The partnership with Unlimitail underscores Pacvue’s commitment to expanding its European footprint. Backed by Mark James’ 15+ years of experience in retail media and digital advertising, the company is well-positioned to capitalize on growth opportunities and foster them for clients in the EMEA region.

    Pacvue CRO Ross McNab commented: “Mark is the ideal leader to drive Pacvue’s growth across the EMEA region. He has deep expertise in retail media and a proven track record. Coupled with our partnership with Unlimitail, this is a big leap forward in our mission to give brands a competitive advantage through cutting-edge retail media capabilities.”

    Romain Schneider, eRetail Media Director at WPP, underscored what this move signals for the brands and advertisers: “We’re always looking for innovative, scalable ways to drive meaningful outcomes for our clients at WPP. The partnership between Pacvue and Carrefour represents a significant advancement for retail media in Europe. Access to Carrefour’s high-traffic, data-rich ecosystem via Pacvue’s platform gives our brands unprecedented precision, speed, and control in campaign execution.”

    About Unlimitail, The Retail Media Powerhouse

    Unlimitail is a global retail media platform enabling brands and retailers to deploy simplified, unified, and optimized retail media strategies. Through deep consumer insights, omnichannel campaign activation, and end-to-end measurement, Unlimitail helps drive visibility and generate sales.

    The company stands out for its advanced advertising technologies through Epsilon Retail Media, offering unified onsite and offsite solutions, as well as its global reach and premium data assets. Unlimitail aggregates over 2 billion monthly page views and connects more than 220 million addressable customers worldwide through 35 retail partners.

    For more information, visit www.unlimitail.com

    Unlimitail Communications Department: communication@unlimitail.com

    About Pacvue

    Pacvue is the leading commerce acceleration platform that integrates retail media, commerce management and measurement. The company’s first-to-market platform drives incrementality, profitability and market share for brands, while turning insights into actionable recommendations. Backed by a global team of experts, Pacvue works with over 70,000 brands and agencies across 95+ retailers worldwide including Amazon, Walmart, Target and Instacart. With the incorporation of Pacvue’s enterprise solution with Helium 10 for SMBs, Pacvue is now the most comprehensive commerce and retail media platform available in the market. Founded in 2018, their global presence includes locations in Chicago, Seattle, New York, Los Angeles, Washington DC, London, Shanghai and Tokyo.

    The MIL Network –

  • MIL-OSI Analysis: What Canada can learn from Australia on adequately protecting citizens at live events

    Source: The Conversation – Canada – By Sean Spence, Security Risk Management Pracitioner & Researcher, Royal Military College of Canada

    In April 2025, a man drove an SUV through a crowd of people attending a Filipino cultural festival in Vancouver, killing 11 people and injuring dozens more. In response, the British Columbia government immediately commissioned an inquiry to examine the systemic causes of the incident and whether any lessons could be learned from the tragedy.



    Read more:
    Vancouver SUV attack exposes crowd management falldowns and casts a pall on Canada’s election

    The commission came up with six recommendations based on gaps in the current municipal application and approval system for public events across the province.

    One key recommendation was that all public events should be required to complete a risk assessment. This isn’t currently happening across the province. The absence of such analysis poses a risk for public safety.

    Another recommendation was the creation of local knowledge capacity to support event organizers, particularly for small and rural events, where the expertise to conduct a basic security risk assessment is lacking.

    Forseeable tragedy?

    As I argued in August 2022, the live events industry lacks the same level of professionalism as other occupations. Many of these small event organizers are amateurs who lack the resources to properly deal with the security risks involved in holding their events.



    Read more:
    Canada could have its own Fyre Festival fiasco if it doesn’t amp up event regulations

    These factors, combined with emerging security risks, meant that the tragedy at the Lapu Lapu festival could be considered a foreseeable event given the risk realities associated with modern mass gatherings.

    The inquiry report highlighted how B.C. is lagging behind other international jurisdictions in terms of legislative pro-activeness in securing public events. This policy deficiency is actually a Canada-wide problem; the country is woefully behind other western nations when it comes to securing public events.

    My doctoral thesis examined this very issue when I compared the regulation and application process to host public events in Canada and Australia’s largest cities.

    Australia vs. Canada

    Firstly, it’s important to note that Canada is a less safe country in terms of security than Australia, all things considered equal. Canada’s porous border with the United States means more illegal firearms are entering the country, resulting in more gun violence than in Australia, where there are more restrictive gun ownership laws.

    The Lapu Lapu attack was not investigated as an act of terrorism, but in a related concern, Canada’s intelligence-gathering and national security laws place it at a counter-terrorism disadvantage compared to Australia.

    Relatively speaking, research suggests Canada’s Charter of Rights and Freedoms hinders its security services from being able to detect and investigate terrorism-related offences given the greater importance placed on individual rights compared to Australia, where there is no such Charter equivalent.

    Australia also has pro-active foreign intelligence collection capabilities to aid in its counter-terrorism efforts, while Canada’s CSIS agency only has domestic capabilities. That essentially requires it to import intelligence from its allies.

    Given these facts, it would seem plausible that Canada would be at greater risk for security threats at public events — including terrorist attacks, active shooters, etc. — than Australia.

    When I compared the data between both countries in my research, it suggested Australia has more public event regulation than Canada.

    It was quantitatively shown that Australian officials require risk assessments and other proactive measures from event organizers, including for risk mitigation, while Canadian officials are mostly concerned with reactive security response plans — in other words, determining how organizers would respond to attacks after they occurred.

    An analysis of event application documents in both countries reveal that Australian municipalities disproportionately emphasize “risk management” in approving events compared to Canadian municipalities.

    Three ways the B.C. report falls short

    The B.C. report missed out on examining several important elements.

    Firstly, it did not take a holistic, deep dive into just how vulnerable public events are to myriad security threats — like active shooters, crowd crushing and terrorist attacks — but instead focused solely on the hostile vehicle threat.

    It also failed to consider the urgency of governments to adopt policy changes in the face of emerging threats on public spaces, like drone attacks.

    Secondly, the report made no mention of the need for law enforcement to develop stronger ties to share intelligence with event organizers as a proactive measure to protect mass gathering events from violence. The Hamas attacks at a music festival in Israel in October 2023 highlight the worst outcome of such failures.



    Read more:
    How Israel underestimated Hamas’s intelligence capabilities – an expert reviews the evidence

    Lastly, there was no call for action or recommendation for the federal government to play a greater role in providing guidance to the industry and lower levels of government.

    National security is a federal issue as well as the regulation of airspace for drones. In countries such as the United Kingdom, Australia and the United States, the national government provides guidance on protecting public spaces. There is no such policy leadership in Canada.

    The B.C. findings show Canadian authorities have a lot of work to do to make public events safer for Canadians. With the FIFA World Cup coming to Canada next year, Canadian governments still have time to implement corrective actions to ensure soccer fans stay safe.

    Sean Spence provides security consulting services within the hospitality industry.

    – ref. What Canada can learn from Australia on adequately protecting citizens at live events – https://theconversation.com/what-canada-can-learn-from-australia-on-adequately-protecting-citizens-at-live-events-261161

    MIL OSI Analysis –

  • MIL-OSI United Kingdom: Government unveils updates to Private Fund Regime and Sound Business Practice Policy23 July 2025 The first two initiatives which will help to protect and grow Jersey’s financial services sector have been announced. The Jersey Private Fund, JPF, regime has been modernised to be better aligned with… Read more

    Source: Channel Islands – Jersey

    23 July 2025

    The first two initiatives which will help to protect and grow Jersey’s financial services sector have been announced. 

    The Jersey Private Fund, JPF, regime has been modernised to be better aligned with the needs of international professional investors. 

    Proposals to simplify the Sound Business Practice Policy, SBPP, have been published which, once approved, will streamline its application whilst a more comprehensive review of this framework is undertaken. 

    Both initiatives are part of the Competitiveness Programme and were unveiled at its launch event. 

    Jersey Private Fund 

    The Minister with responsibility for Financial Services, Deputy Ian Gorst, has signed a Ministerial Order to update the JPF. 

    Effective from 6 August 2025, the revised JPF Guide and a new statutory instrument, the Collective Investment Funds (Jersey Private Funds) Order, will come into force. 

    These changes will: 

    • remove the 50-offer / investor cap; 
    • expand the definition of professional investor; 
    • permit the listing of interests in JPFs with the Jersey Financial Services Commission’s consent; and 
    • introduce a 24-hour authorisation process for JPF applications submitted by registered Designated Service Providers.

    Jill Britton, Director General of the JFSC, said: “The updated JPF regime is a significant step, keeping Jersey’s fund offering evolving with the needs of industry. JPFs continue to be a regulated product that investors can have confidence in – these changes streamline the regime and, together with our commitment to faster authorisation, we are underscoring our commitment to excellent service.” 

    Joe Moynihan, CEO, Jersey Finance, said: “Since its launch in 2017, the JPF has become Jersey’s fastest-growing fund category, particularly well-suited to private equity, venture capital and real asset strategies. As private capital continues to evolve globally, these updates will further increase Jersey’s appeal to managers and professional investors seeking flexible and well-regulated fund solutions.” 

    Deputy Gorst said: “These revisions follow industry engagement and reflect a broader global movement toward bespoke, efficient private fund vehicles for professional investors. They provide certainty for fund promoters and reinforce Jersey’s appeal as a jurisdiction of choice for private capital.” 

    Sound Business Practice Policy 

    The SBPP, jointly developed by Government of Jersey and the JFSC, identifies ‘sensitive activities’ which require additional information or scrutiny before the JFSC consents to them. The Codes of Practice for investment business, funds service business, certified funds and trust and company businesses all require registered persons to have due regard to the SBPP. 

    The SBPP has served Jersey well in understanding and managing risk, but updates are required to ensure it remains fit for modern-day business. 

    The proposed amendments simplify its scope of application, reducing potential business frictions and delays. The “Repeal of the Control of Borrowing Framework”, recently published by the Government of Jersey, includes a review of the SBBP framework with a view to establish a more flexible risk-based approach in the medium-term. 

    Jill Britton said: “This is about modernising regulation while taking a progressive stance against financial crime. Refining the SBPP removes unnecessary complexity and enables firms to focus on what matters, identifying and managing real risk. It’s a shift toward more intelligent regulation, where the emphasis is on outcomes and accountability, not just process”. 

    Joe Moynihan added: “We welcome the simplification of the SBPP, which should have a material impact on Jersey’s competitiveness as an IFC that is very much open for high quality business. These changes, which are in response to industry feedback, are another good example of our agility as an IFC and the positive collaborative relationship there is between industry, the Government of Jersey and the JFSC.” 

    Deputy Gorst said: “This change will enable businesses to do what they already do well: determine the risk of their activity and to act accordingly. Jersey has a mature and sophisticated financial services sector, and this change acknowledges that. The simplification of the SBPP does not reduce Jersey’s commitment to combatting financial crime but rather acknowledges that the industry understand risk and allows them to take greater responsibility for managing it.” 

    Competitiveness Programme 

    The Competitiveness Progamme has brought together government, the regulator and industry with the goal of protecting Jersey’s current economic strength, while unlocking new pathways for growth over the next ten years. 

    The programme is organised around four strategic workstreams, with each designed to address a key dimension of Jersey’s competitiveness: 

    • International Tax Strategy – focusing on creating a tax framework that keeps Jersey competitive and compliant in a fast-changing global landscape. 
    • Business and Regulatory Environment – delivering practical, quick-impact improvements to ease of doing business and regulatory efficiency, while also shaping longer-term reforms. 
    • External Growth Strategy – comparing Jersey’s strengths and weaknesses, opportunities and threats, against global trends and competing jurisdictions, this stream will offer data-driven insights and targeted investment opportunities to fuel long-term, realisable international growth. 
    • Future Competitiveness and Regulation – bringing together a high-level panel of global experts to synthesise and prioritise the findings from across the workstreams, producing an independent report for Ministers. 

    At the end of this process of research and reflection, the Government will publish a final report and action plan in 2026 that will shape Jersey’s strategy into the next decade.

    These efforts align closely with other major initiatives such as Jersey Finance’s Vision2050 and the JFSC’s registry and strategic reviews, which ensures that workstreams are not happening in silos, but as part of a broader, coordinated vision. 

    For more on the Financial Services Competitiveness Programme, please see: Financial services competitiveness programme​​.

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: New fence installed at Silksworth wheeled sports park to boost safety and community use

    Source: City of Sunderland

    A brand-new fence has been installed around the wheeled sports park at Silksworth Sports Complex and Ski Slope, providing a significant boost to safety and enjoyment for local families and young people.

    The improvements come as part of a project costing £15,690 funded by Sunderland City Council’s West Area Committee. The fencing works were completed over a four-week period, and a new gate has also been installed to fully complete the improvements.

    The wheeled sports park has long been a popular hub of activity and enjoyment for the Silksworth community, attracting hundreds of users each week. However, the removal of the original fence around five years ago, due to damage and safety concerns, left the area exposed. In the years since, rising levels of motorcycle disorder and general antisocial behaviour had made the park feel unsafe, particularly for younger users and their families.

    The installation of the new fence marks a major step forward in reclaiming the space for safer community use. These improvements should provide peace of mind for parents and encouraging more children and young people to enjoy the wheeled sports park as a safe, inclusive place to play, exercise, and socialise.

    Councillor Joanne Laverick, chair of the West Area Committee at Sunderland City Council said: “We listened to the concerns of residents, and this fence is a direct response to those calls for action. By improving safety and deterring antisocial behaviour, we’re making sure the park remains a safe and welcoming space for everyone.

    “Hopefully the installation of the new fence will not only attract former users of the wheeled sports park to come back and enjoy it again but attract new users too.”

    The West Area Committee is one of the five area committees across Sunderland. Made up of local councillors, these provide residents with a greater say by working closely with their communities and drawing on local knowledge to identify priorities for their area. They also create Area Plans to support the City Plan, focusing on local needs. These plans help fund and deliver projects in partnership with local voluntary and community sector organisations.

    The new gate will further support the long-term management of the site, helping to ensure the park continues to serve as a vibrant and valued community facility.

    Councillor Beth Jones, Cabinet Member of Communities, Culture and Tourism at Sunderland City Council said: “The wheeled sports park is a valuable community asset that brings together young people and encourages healthy, active lifestyles.

    “By making this a safer place for everyone to enjoy once again, I’d like to welcome residents to get the most out of this wheeled sports park.”

    The installation of the new fence has been welcomed by riders who regularly use the sports park. Jonathan Dobson, a Sunderland resident and BMX rider for 16 years said: “The new fence has made a huge difference to the sports park. Before it was installed, you’d often find rubbish and smashed glass around the park making it unusable. But now its cleaner and I know my bag will be safe while I’m riding as there’s only one entrance.”

    Silksworth Sports Complex and Ski Slope is one of Sunderland’s most distinctive recreational destinations, offering a unique blend of natural beauty and leisure facilities managed by Everyone Active. Home to one of the UK’s few dry ski slopes, the park also features a large lake, walking trails, sports pitches, a children’s play area, and wide green spaces.

    Silksworth Sports Complex and Ski Slope is popular with families and fitness enthusiasts alike and is a key community asset in the west of the city. The park plays an important role in promoting outdoor activity, wellbeing, and social connection throughout the year.

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Reading and much more at Leicester Libraries this summer!

    Source: City of Leicester

    FREE games, crafts, workshops and performances are on offer at all of Leicester’s libraries over the summer holidays.

    It’s all part of Story Garden, the summer reading challenge which rewards children for regular reading. Across the city, every Leicester library will host a free family fun session, which will include a range of accessible games and crafts, predominantly aimed at primary age children, but where all are welcome.

    A full rundown of where and when the fun days take place can be found at www.leicester.gov.uk/summerreadingchallenge – or you can ask at your local library.

    As well as the fun days, children can book a place on a free workshop at some libraries, with themes including Lego coding, space (in conjunction with the National Space Centre) and the environment.

    And there are free and low-cost shows at local libraries too, including:

    Check out the What’s On listings for a full rundown of what’s on where, or ask at your local library.

    Cllr Vi Dempster, assistant city mayor for libraries and community centres, said: “We’re really pleased to be able to offer lots of free or very low cost activities across the city and throughout the summer, suitable for children and young people of all ages.

    “Our summer reading challenge is always very popular, with thousands of local children getting involved – more than 6,000 children took part in the challenge last year.

    “Ebooks and audio books are included in the challenge too, so however you like to borrow books, you can take part.”

    Find out more at leicester.gov.uk/libraries.

    ENDS

    MIL OSI United Kingdom –

  • MIL-OSI Russia: China Promotes High-Tech Solutions to Support People with Disabilities

    Translation. Region: Russian Federal

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

    An important disclaimer is at the bottom of this article.

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

    BEIJING, July 23 (Xinhua) — China is exploring the use of advanced technologies such as smart bionic hands and guide robots to improve the well-being of people with disabilities so that scientific and technological progress can benefit the group, a Chinese official said Tuesday.

    Zhou Changkui, chairman of the executive council of the All-China Federation of Disabled Persons, said at a press conference that the developments were presented at a recent forum.

    He added that China will pay more attention to the development of new technologies and industries, including brain-machine interfaces, to better support people with disabilities.

    According to Zhou Changkui, the federation has jointly issued a guideline document with other government bodies to promote the use of technology to help people with disabilities. It has also collaborated with universities, research institutes and high-tech companies to promote the development of relevant technologies and industries.

    The official noted that during the upcoming 15th Five-Year Plan period (2026-2030), China will continue to promote the application of artificial intelligence and other advanced technologies to serve people with disabilities, ensuring that advanced technologies better meet their needs. -0-

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

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    MIL OSI Russia News –

  • MIL-OSI Russia: The first project within the framework of the Global Development Initiative has been launched in Belarus

    Translation. Region: Russian Federal

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

    An important disclaimer is at the bottom of this article.

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

    MINSK, July 23 (Xinhua) — The project “Protection of Belarus Forests: A Comprehensive Initiative for Local-Level Fire Preparedness, Prevention and Response” was launched in Minsk on Wednesday. This is the first project under the Global Development Initiative, supported by the Chinese government’s Global Development and South-South Cooperation Fund, in Belarus. The financial assistance will amount to 2 million U.S. dollars.

    The project is financed by the Global Development Fund and South-South Cooperation and is being implemented jointly with the United Nations Development Programme /UNDP/ and the Ministry of Forestry of Belarus. It envisages equipping Belarusian forestry enterprises and fire departments with the latest fire-fighting equipment and machinery, increasing the effectiveness of early warning and rapid response to forest fires, and reducing the threat of natural disasters to natural resources, life and property of citizens.

    During the ceremony, the Minister of Forestry of Belarus Alexander Kulik expressed sincere gratitude to the Government of China and UNDP for their support and cooperation. He noted that global climate change creates serious challenges in the field of forest fire protection, and for Belarus, where forests cover more than 40 percent of the country’s territory, this issue is of particular importance. He noted that the project of the Global Development Fund and South-South Cooperation will strengthen the material and technical base of the forestry of Belarus in the field of fire prevention.

    During the event, Ambassador Extraordinary and Plenipotentiary of the People’s Republic of China to Belarus Zhang Wenchuan noted that since its establishment in 2015, the Global Development and South-South Cooperation Fund has managed to significantly improve the well-being of people, strengthen the potential of recipient countries and make a significant contribution to the implementation of the UN Agenda for Sustainable Development until 2030. “I am confident that this project will become a new model of cooperation between China and Belarus in the joint implementation of the Global Development Initiative, giving new impetus to the friendship between the two countries and practical cooperation in various fields,” Zhang Wenchuan said.

    In turn, UNDP Resident Representative in Belarus Liu Renfei noted that the program welcomes the Global Development Initiative put forward by China as a contribution to accelerating the achievement of sustainable development goals by developing countries. The initiative reflects a commitment to multilateral cooperation under the auspices of the UN and South-South cooperation, and the Global Development and South-South Cooperation Fund turns these commitments into concrete results, helping developing countries implement projects in practice. This provides unique opportunities to strengthen global partnership and improve people’s lives. “UNDP cooperates with all member countries, including China, following the principles of international development, strengthening the multilateral framework and accelerating the achievement of the SDGs,” Liu Renfei summarized. -0-

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

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    MIL OSI Russia News –

  • MIL-OSI Russia: China’s Yarlung Tsangpo River hydropower project has no negative impact on downstream areas, says MFA

    Translation. Region: Russian Federal

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

    An important disclaimer is at the bottom of this article.

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

    BEIJING, July 23 (Xinhua) — The construction of a hydropower project on the lower reaches of the Yarlung Tsangpo River in southwest China will contribute to disaster prevention and mitigation in the entire river basin and will not have a negative impact on downstream areas, Chinese Foreign Ministry spokesperson Guo Jiakun said in Beijing on Wednesday.

    As the Chinese diplomat reported at a regular departmental press conference, the project is within the sovereign jurisdiction of China and is aimed at accelerating the development of environmentally friendly energy, significantly improving the well-being of the local population and actively responding to climate change.

    China has always taken a very responsible approach to developing transboundary rivers and has rich experience in developing hydropower projects, Guo Jiakun said, adding that the planning, design and construction of this project on the Yarlung Tsangpo River strictly adhere to China’s highest industry standards.

    The project is being implemented taking into account all aspects of construction, environmental safety and environmental protection, bypassing many important ecologically sensitive areas and maximally preserving the pristine ecosystem, he added.

    The diplomat noted that China has established cooperation with downstream countries in areas such as hydrological information exchange, flood control and disaster mitigation, and has made necessary contacts on the project in question.

    China will continue to enhance cooperation with downstream countries to benefit the people living in the Yarlung Tsangpo River basin, Guo Jiakun said. -0-

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

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    MIL OSI Russia News –

  • MIL-OSI Russia: Crew members of China’s Shenzhou-19 spacecraft awarded for achievements in astronautics

    Translation. Region: Russian Federal

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

    An important disclaimer is at the bottom of this article.

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

    BEIJING, July 23 (Xinhua) — Three crew members of China’s Shenzhou-19 manned spacecraft were awarded medals and honorary titles on Wednesday for their outstanding achievements in the field of domestic cosmonautics.

    In particular, Cai Xuzhe was awarded the Medal for Merit in Cosmonautics, Second Class, while Song Lingdong and Wang Haoze received the Medal for Merit in Cosmonautics, Third Class, and the honorary title of “Hero Cosmonaut”.

    The awards were presented by decision of the CPC Central Committee, the State Council of the People’s Republic of China and the Central Military Commission. -0-

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

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    MIL OSI Russia News –

  • MIL-OSI Submissions: How the nature of environmental law is changing in defense of the planet and the climate

    Source: The Conversation – USA (2) – By Dana Zartner, Professor of International Studies, University of San Francisco

    A 2017 New Zealand law recognizes inherent rights of the Whanganui River. Jason Pratt, CC BY-SA

    While the dangerous effects of climate change continue to worsen, legal efforts to address a range of environmental issues are also on the rise.

    Headlines across the globe tout many of these legal actions: South Korea’s Climate Law Violates Rights of Future Generations; Ukraine is Ground Zero in Battle for Ecocide Law; Paris Wants to Grant the River Seine Legal Personhood; and Montana Court Rules Children Have the Right to a Healthy Environment, to name a few recent examples.

    As an environmental lawyer, I see that most of these suits use one of five legal strategies that have been developed over the past couple of decades. These approaches vary in terms of who is filing the lawsuit, against whom, and whether the underlying legal perspective is based on protecting human rights or the rights of the environment itself. But they all share an innovative approach to protect all life on this planet.

    1. Right to a healthy environment

    In 2022, the United Nations declared that humans have “the right to a clean, healthy and sustainable environment … essential to protecting human life, well-being and dignity.” More than 150 countries have similar declarations in their constitutions or laws, often alongside protections for other human rights, such as those to education and medical care.

    These rights are held by humans, so people can sue for alleged violations. Typically they sue one or more government agencies, whose responsibility it is to protect human rights.

    One recent case using this approach was Held v. Montana, in which a group of young people in 2024 won a lawsuit against the state of Montana for violating the state constitution’s right to a “clean and healthful environment.” The state Supreme Court agreed with the plaintiffs and struck down a law barring the consideration of climate effects when evaluating proposals for fossil fuel extraction. Similar cases have been heard in the U.S. and other countries around the world.

    Rikki Held, the lead plaintiff in the Montana case, center seated, confers with the Our Children’s Trust legal team before the start of the trial on June 12, 2023.
    William Campbell/Getty Images

    2. The rights of future generations

    A legal concept called “intergenerational equity” is the idea that present generations must “responsibly use and conserve natural resources for the benefit of future generations.” First codified in international law in the 1972 Stockholm Declaration, the principle has been gaining popularity in recent decades. International organizations and national governments have enshrined this principle in law.

    Focused on humans’ rights, these laws allow people and groups to bring claims, usually against governments, for allowing activities that are altering the environment in ways that will harm future generations. One well-known case that relied on this legal principle is Future Generations v. Ministry of the Environment and Others, in which a Colombian court in 2018 agreed with young people who had sued, finding that the Colombian government’s allowance of “rampant deforestation in the Amazon” violated the pact of intergenerational equity.

    3. Government responsibility

    Another human-centered approach is the public trust doctrine, which establishes “that certain natural and cultural resources are preserved for public use” and that governments have a responsibility to protect them for everyone’s benefit.

    While the concept of “public trust” has long existed in the law, recently it has been used to bring suit against governments for their failure to address climate change and other environmental degradation. In Urgenda Foundation v. the State of the Netherlands, a Dutch court held in 2019 that the government has a responsibility to mitigate the effects of climate change due to the “severity of the consequences of climate change and the great risk of climate change occurring.” Since the decision, the Dutch government has sought to reduce emissions by phasing out the use of coal, increasing reliance on renewable energy and aiming to achieve carbon neutrality by 2050.

    Government responsibility for the public trust was also a basis of the Juliana v. U.S. case, where a group of young people sued the U.S. government for breaching the public trust by not doing enough to curb greenhouse gas emissions. The U.S. Supreme Court ultimately declined to hear an appeal of a lower court’s ruling, but the lack of a specific ruling by the nation’s highest court has given continued hope to new cases, which continue to be filed based on the same principle.

    A documentary examining the movement to protect the rights of nature.

    4. Rights of nature

    The rights of nature is one of the fastest-growing environmental legal strategies of the past decade. Since Ecuador recognized the rights of Pachamama, the Quechua name for Mother Earth, in its Constitution in 2008, more than 500 laws on the rights of nature have been enacted around the world.

    The principle recognizes the legal rights of natural entities, such as rivers, mountains, ecosystems or even something as specific as wild rice. The laws that grant these rights don’t focus on humans but rather nature itself, often including language that the natural entity has the right to “exist and persist.”

    The laws then provide a mechanism for the natural entity – whether through a specific group assigned legal guardianship or other community efforts – to protect itself by filing lawsuits in court. In the 2018 Colombian case, the court found that the Amazon ecosystem has rights, which must be respected and protected.

    Similarly, in Bangladesh in 2019 the courts recognized the rights of all the country’s rivers, requiring, among other things, a halt on damaging development along the rivers that block their natural flow. The court also created a commission to serve as legal guardians of the country’s rivers.

    The destruction of a dam in Ukraine, which emptied this former reservoir, is being investigated as a possible crime of ecocide.
    Tarasov/Ukrinform/Future Publishing via Getty Images

    5. Defining a new crime: Ecocide

    In 2024, the governments of Vanuatu, Fiji and Samoa formally proposed that the international community recognize a new crime under international law. Called “ecocide,” the principle takes a nature-focused approach and includes any unlawful act committed with “the knowledge that there is a substantial likelihood of severe and either widespread or long-term damage to the environment.”

    Put another way, what genocide is to humans, ecocide is to nature. It is being proposed as an addition to the 2002 Rome Statute, which created the International Criminal Court to prosecute war crimes, genocide and crimes against humanity.

    While the idea is relatively new, in addition to the international efforts, several countries have incorporated ecocide into their laws – including Vietnam, France, Chile and Ukraine. A Ukrainian prosecutor is currently investigating the June 2023 destruction of a dam in a Russian-occupied area of the country as a potential crime of ecocide, because of the widespread flooding and habitat destruction that resulted.

    The European Union has also incorporated ecocide into its Environmental Crime Directive, which applies to all EU member countries, providing them with a mechanism to hear ecocide claims in their national courts.

    Using these ideas

    Each of these legal concepts has the potential to increase protection for the environment – and the people who live in it. But determining which strategy has the greatest chance of success depends on the details of the existing law and legal system in each community.

    All of these legal strategies have a role in the fight to protect and preserve the environment as an integral, interdependent living thing that is vitally important to us as humans but also in its own right.

    Dana Zartner is a volunteer with the Earth Law Center assisting with the editing of toolkits and guides, but has not worked on any of its lawsuits.

    – ref. How the nature of environmental law is changing in defense of the planet and the climate – https://theconversation.com/how-the-nature-of-environmental-law-is-changing-in-defense-of-the-planet-and-the-climate-258982

    MIL OSI –

  • MIL-OSI United Kingdom: Analysis Function resources

    Source: United Kingdom – Government Statements

    News story

    Analysis Function resources

    Resources to learn more about and promote the Strategy for analysis in government 2025 to 2028

    On this page you will find:

    • A campaign in a box to containing resources to help you promote the Strategy for analysis in government 2025 to 2028
    • Slide templates for use in presentations about the Strategy for analysis in government 2025 to 2028

    Campaign in a Box – Strategy for analysis in government 2025 to 2028

    MS PowerPoint Presentation, 33.5 MB

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    Request an accessible format.
    If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email analysis.function@ons.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.

    Presentation – Strategy for analysis in government 2025 to 2028

    MS PowerPoint Presentation, 12 MB

    This file may not be suitable for users of assistive technology.

    Request an accessible format.
    If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email analysis.function@ons.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.

    Updates to this page

    Published 23 July 2025

    MIL OSI United Kingdom –

  • MIL-OSI Russia: Masterpieces of Music and Poetry of the Romantic Era

    Translation. Region: Russian Federal

    Source: Moscow Government – Government of Moscow –

    An important disclaimer is at the bottom of this article.

    The A.P. Bogolyubov Arts Library invites you to the concert “Masterpieces of Music and Poetry of the Romantic Era”. This evening, pianist Mikhail Latsis will perform works by Ludwig van Beethoven, Robert Schumann, Frederic Chopin, Franz Liszt and Sergei Rachmaninov. Alexander Kazantsev will read poems by Heinrich Heine and Johann Wolfgang von Goethe.

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

    .

    MIL OSI Russia News –

  • MIL-OSI United Kingdom: Welsh Crown Estate Devolution Bill a step closer to becoming law

    Source: Party of Wales

    Plaid Cymru urge UK Government to reconsider its stance ahead of the Bill’s third reading in the Lords

    A Bill that would transfer responsibility for the Crown Estate in Wales to the Welsh Government has passed the report stage in the House of Lords without opposition and is now set for its third reading.

    The Crown Estate (Devolution to Wales) Bill, introduced by Plaid Cymru peer Dafydd Wigley, seeks to ensure that Welsh natural resources – including seabed rights and offshore wind developments – are managed from Wales and for the benefit of the people of Wales.

    The Bill draws on precedent set by the UK Government in devolving the Crown Estate to Scotland via the Scotland Act 2016. In 2023–24, Scotland benefited by £113 million in revenue from its devolved Crown Estate. In contrast, the Crown Estate in Wales remains reserved to Westminster, and Senedd Cymru receives no such direct benefit.

    During the debate on the Bill’s Committee stage, Lord Wigley highlighted the overwhelming political and civic support for the move, noting that all of Wales’s 22 local authorities – across a range of political parties – have passed resolutions calling for the devolution of the Crown Estate.

    Plaid Cymru urged the UK Government now to support Dafydd Wigley’s Bill when it returns to the House of Lords for its third reading after the summer recess, which would then allow it to be transferred to the House of Commons.

    The party’s energy spokesperson, Llinos Medi MP, said it gave “new momentum” to Plaid Cymru’s campaign to devolve the Crown Estate.

    The UK Labour government rejected Plaid Cymru’s calls for control over the Crown Estate to be given to ministers in Wales in February, with Labour MPs – including those from Wales, voting against an amendment by Llinos Medi MP to the government’s Crown Estate Bill. 

    Plaid Cymru Peer, Dafydd Wigley said:

    “Wales has a history of exploitation of our natural resources, whether it is coal or other minerals, or our water resources, on which Birmingham and London now increasingly depend. We likewise see the exploitation of our energy potential – wave, sea currents, estuarial waters and wind on shore and in the seas around our coast.

    “My Plaid Cymru colleagues and I want to see the maximum possible benefit from such projects coming into the Welsh economy; we want to see that happen in a planned manner that recognises the financial benefit that should rightly come to those who invest in such projects, but also to the communities in which they are based.

    “Given this Bill has passed its Report Stage unopposed in the Lords, given the unanimous support of all Welsh councils towards the principle of the Bill, as well as the support of the Welsh Government, the UK Government should reflect on this issue and support my Bill when it returns for its Third Reading after the summer recess, and subsequently when it comes to the Commons, to make time available for MPs to discuss it further.”

    Plaid Cymru Energy spokesperson, Llinos Medi MP, added:

    “The passing of this Bill’s Report Stage in the House of Lords gives new momentum to the campaign to devolve the Crown Estate. Combined with the unanimous support across all Welsh councils, it’s clear that the UK Government must now reconsider its stance.

    “The UK Government can no longer justify keeping these powers in Westminster. If Scotland can control its own natural resources, then Wales deserves nothing less. This is about fairness, accountability, and empowering Welsh communities to shape their own future.”

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Scottish Greens propose holiday homes tax to protect Gaelic language

    Source: Scottish Greens

    22 Jul 2025 Housing

    Holiday homes are increasing house prices out and hollowing out communities

    More in Housing

    The Scottish Greens have unveiled new plans to protect Gaelic-speaking communities by increasing taxes on holiday homes and Airbnb-style short term lets. The move is designed to tackle the acute housing crisis in Gaelic communities and to support young people who want to stay in the areas they have grown up in.

    The party’s finance spokesperson, Ross Greer MSP, intends to force a vote on the proposals when Holyrood considers amendments to the Housing Bill in the autumn. His amendments would allow ministers to levy a special surcharge on those buying holiday homes or other additional properties in areas with high numbers of Gaelic speakers, such as Skye and the Outer Hebrides.

    Average house prices in Skye are £60,000 higher than the national average and one local councillor recently estimated that almost 60% of local properties were either holiday homes or short term lets. This is forcing many young people off the island and putting Gaelic’s survival as a community language at risk. Lack of available housing is commonly cited as a key reason why Gaelic is now on the edge of extinction in its historic communities.

    Greer’s proposals follow the Scottish Parliament recently passing the Scottish Languages Act, which allows for communities where Gaelic is widely spoken to be designated as “Areas of Linguistic Significance”. The additional charge on holiday homes purchases the Scottish Green MSP has put forward would apply in the areas with this designation.

    Ross Greer said:

    “Gaelic is an essential part of Scottish culture and national identity, but it is on the verge of extinction as a living language. We need to take bold action immediately, or the decline will be impossible to reverse. The Languages Act is a good starting point, but we know that one of the biggest threats to the language is the housing crisis in areas like Skye.

    “Young Gaelic speakers are being forced out of the last communities where it is still the spoken language because holiday homes and Airbnb-style short term lets have driven up house prices to levels they cannot hope to compete with. As a result, they are forced to move to areas where they cannot use Gaelic in their everyday interactions. This is one of the biggest threats to Gaelic’s continued existence. 

    “My proposals would make it harder for wealthier people to buy up second homes and short-term lets in Gaelic-speaking communities and in turn make it easier for locals, especially first-time buyers, to secure their own home.

    “Changes to Council Tax already delivered by Scottish Green MSPs reduced the number of second and holiday homes across Scotland by 2,500 last year, freeing up more properties for people who need a home to live in. We can build on this success with further targeted actions and ensure that our Gaelic-speaking communities can thrive rather than be treated purely as holiday parks for tourists and the super-rich.”

    MIL OSI United Kingdom –

  • MIL-OSI Russia: Panda Week

    Translation. Region: Russian Federal

    Source: Moscow Government – Government of Moscow –

    An important disclaimer is at the bottom of this article.

    Moscow Zoo will hold a series of excursions and lectures about animals of China.

    Participants of the excursion “Guests from the Celestial Empire” will get acquainted with pandas, red wolves, Far Eastern leopards, swans, lynxes and other rare species, their habits, feeding habits and behavior.

    At the lecture “Giant Panda”, visitors will learn about the origin, biology, lifestyle and conservation of the population of giant pandas. The program includes stories about pandas’ adaptation to the environment, raising cubs and measures to protect the species.

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

    .

    MIL OSI Russia News –

  • MIL-OSI Russia: Rain and thunderstorms are expected in Moscow during the day

    Translation. Region: Russian Federal

    Source: Moscow Government – Government of Moscow –

    An important disclaimer is at the bottom of this article.

    According to weather forecasters, short-term rain is expected in the next hour, and thunderstorms with showers are expected in some areas. During thunderstorms, winds may increase with gusts of up to 15 meters per second. This weather will continue until the evening.

    Residents are asked to be attentive and careful, not to be near billboards and shaky structures, and not to take shelter under trees.

    In such bad weather, motorists are advised to significantly reduce their speed and increase the distance from vehicles in front, as well as avoid sudden maneuvers – overtaking, changing lanes, passing, not to take shelter under trees and not to park cars next to them.

    In an emergency, you must call the emergency services at the single number: 112 or the single helpline of the Main Directorate of the Ministry of Emergency Situations of Russia for the city of Moscow: 7 495 637-31-01.

    Quickly find out the main news of the capital inofficial telegram channelthe city of Moscow.

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

    .

    MIL OSI Russia News –

  • MIL-OSI Africa: Global Small and Medium Enterprises (SME) Ministerial opens: Small businesses key constituency in global trade, say South African SME minister, International Trade Centre (ITC) head

    Source: APO


    .

    The inaugural Global SME Ministerial Meeting opened today, marking a milestone in recognizing small and medium-sized enterprises as a key constituency in global trade. 

    The high-level event is co-hosted by the South African Department of Small Business Development (DSBD) and the International Trade Centre (ITC), with main events taking place on 23-24 July. The Ministerial was preceded by the Trade Promotion Organizations Leadership Dialogue on 22 July, in which heads of national trade promotion organizations developed strategies to better engage with SME ministers to bring the voice of small business into policymaking.

    Watch the livestream of the Ministerial high-level opening.

    More than 700 delegates from more than 60 countries are participating in the Ministerial, including ministers, heads of delegation, heads of national trade promotion organizations, business leaders and entrepreneurs. Ministerial-level delegates convened from across the world, from Bangladesh to Brazil, from Cameroon to Costa Rica, from Senegal to Switzerland, from the United Arab Emirates to the United Kingdom.  

    In her welcome remarks, South African Minister of Small Business Development Stella Tembisa Ndabeni said: ‘Let this Ministerial Meeting mark the beginning of a bold new global compact for MSME development; one that expands access to markets, unlocks affordable finance, accelerates digital inclusion, and ensures that women, youth and underserved communities are not spectators, but architects of economic transformation.’

    She added: ‘Let us commit to practical, measurable actions that position MSMEs as central pillars of resilience, innovation and sustainability. Let us work towards a global enabling ecosystem, where no entrepreneur is left behind because of where they live, how much they earn, or who they are.’

    In her welcome remarks, ITC Executive Director Pamela Coke-Hamilton said: ‘Now, this Ministerial is no talk shop. This is no place for posturing or politics. This is a space for us to marshal our collective knowledge and our energy and find solutions across the three areas that will bring the benefits of trade within reach of more SMEs: access to finance, digital transformation and green competitiveness.’

    Addressing ministerial-level delegates, she said: ‘When you go back to your capitals, your ministries, your cabinet meetings and your meetings with heads of state and government, you’ll be taking back with you concrete solutions, with the evidence to back them up.’

    Expected outcomes include the endorsement of a call-to-action in which countries align on the three main areas that will harness the development of SMEs—access to finance, digital transformation and green competitiveness —and develop a roadmap for future Ministerial Meetings to take place every two years, to ensure discussions produce outcomes for countries. 

    See the latest information on the Ministerial on the Global SME Ministerial Meeting landing page.

    Distributed by APO Group on behalf of International Trade Centre.

    MIL OSI Africa –

  • MIL-OSI United Kingdom: Inspection report published: An inspection of the Home Office’s use of age assessments (July 2024 – February 2025)

    Source: United Kingdom – Executive Government & Departments

    News story

    Inspection report published: An inspection of the Home Office’s use of age assessments (July 2024 – February 2025)

    The Independent Chief Inspector, David Bolt CBE, comments on the inspection report on the Home Office’s use of age assessments, and the Home Office’s response, following its publication yesterday.

    My report on the Home Office use of age assessments was published yesterday (22 July 2025). The report was sent to the Home Secretary on 20 May 2025, so publication fell just outside the agreed 8-week target timescale. I made eight recommendations designed to improve training, guidance, assurance, resources and communication and I am pleased that all were accepted.  

    When a young person claims asylum in the UK, the Home Office must determine whether they will be treated as an adult or as a child while their claim is being processed. The focus is on chronological age, reflecting the fact that immigration and other relevant legislation is framed around 18 years as the bright line between childhood and adulthood. However, the binary nature of the determination and the absence of a foolproof ‘test’ of chronological age mean that the Home Office will sometimes get it wrong. This is clearly a cause for concern, especially where a child is denied the rights and protections to which they are entitled.

    This inspection examined initial age decisions based on appearance and demeanour made by the Home Office when first encountering young people who claim asylum, in particular those arriving by small boat. It also examined subsequent age assessments, including those conducted by the National Age Assessment Board (NAAB), which sits within the Home Office and since 2023 has been assisting local authorities by conducting Merton-compliant age assessments on their behalf.

    Inspectors set out to understand how far the Home Office went to ensure that its assessments were sufficiently mindful of the difficulty of getting it right and of the consequences of getting it wrong. Inspectors looked for evidence that processes were methodical, fairly and consistently applied, and child-sensitive; that decisions were balanced and reasonable; and that those involved were open to learning from others and from their mistakes.

    Inspectors found that many of the long-standing concerns about policy and practice, especially in respect of initial age decisions, remain unanswered, and for small boat arrivals some of these concerns had increased. Yet there was a surprising lack of curiosity about decisions that were subsequently disputed and overturned, and a prevailing view that there was no learning to take from these later assessments as the processes were too dissimilar.

    For those disputing their initial age decision, the greater reliance on qualified social workers, whether employed by local authorities or by the NAAB, the recognised Merton ‘standard’, and the fact that there is more time to probe and reflect, made for a more careful and thorough process, though still not guaranteed to get it right. Here there was a need to improve information sharing (with local authorities regarding age disputed individuals dispersed to their area) and capacity (especially of the NAAB to meet the demand it had generated for its services), along with record-keeping, data and quality assurance. 

    Previous inspections have raised concerns about the Home Office’s ability to identify vulnerable adults and respond effectively. In focusing on determining chronological age the Home Office needs to take care that it is not deflected from making a more holistic assessment of individual needs, since a young person who is assessed correctly to be over 18 may nonetheless be vulnerable and at risk if placed with other adults. 

    Underlying my eight recommendations the overall message is that the Home Office should look to work more closely and collaboratively with external stakeholders, including local authorities in England and Wales and their equivalents in Scotland and Northern Ireland, Strategic Migration Partnerships, Non-Governmental Organisations, and should involve others (interpreters, social workers, experts and practitioners in supporting and providing services for children and young people) as much as possible in designing and delivering its processes.

    Home Office policies and practice in relation to age assessments will always be hotly contested, not least because of what is at stake. But a more open and inclusive approach will make it easier for the Home Office and its critics to maintain a constructive dialogue about how to ensure that the best interests of children are served. Committing to better communication, engagement and collaboration would be a start.

    Yesterday, the government also issued a written ministerial statement regarding the use of scientific methods to help determine age. As no scientific methods are currently in use, this was out of scope for this inspection. However, the ICIBI will no doubt wish to return to age assessments at some point to follow up on its recommendations, and this will also be an opportunity to inspect any new methods that are in use at that time.

    David Bolt CBE, Independent Chief Inspector of Borders and Immigration

    23 July 2025

    Updates to this page

    Published 23 July 2025

    MIL OSI United Kingdom –

  • MIL-OSI Europe: Press conference following Council of Ministers meeting no. 135

    Source: Government of Italy (English)

    22 Luglio 2025

    Council of Ministers meeting no. 135 was held at Palazzo Chigi today. Following the meeting, Minister for Public Administration Paolo Zangrillo, Minister of Justice Carlo Nordio, Undersecretary of State to the Presidency of the Council of Ministers Alberto Barachini, Deputy Minister of Economy and Finance Maurizio Leo, Special government commissioner for prison facilities Marco Doglio and Director General of the National Cybersecurity Agency Pref. Bruno Frattasi held a press conference to illustrate the measures approved.

    MIL OSI Europe News –

  • MIL-OSI: Fidelity D & D Bancorp, Inc. Reports Second Quarter 2025 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    DUNMORE, Pa., July 23, 2025 (GLOBE NEWSWIRE) — Fidelity D & D Bancorp, Inc. (NASDAQ: FDBC) and its banking subsidiary, The Fidelity Deposit and Discount Bank, announced its unaudited, consolidated financial results for the three and six-month periods ended June 30, 2025.

    Unaudited Financial Information

    Net income for the quarter ended June 30, 2025 was $6.9 million, or $1.20 diluted earnings per share, compared to $4.9 million, or $0.86 diluted earnings per share, for the quarter ended June 30, 2024.  The $2.0 million, or 40%, increase in net income resulted primarily from a $2.8 million increase in net interest income coupled with a $0.8 million increase in non-interest income. This was partially offset by a $1.1 million increase in non-interest expense and a $0.6 million increase in the provision for income tax.

    For the six months ended June 30, 2025, net income was $12.9 million, or $2.23 diluted earnings per share, compared to $10.0 million, or $1.73 diluted earnings per share, for the six months ended June 30, 2024.  The $2.9 million, or 29%, increase in net income stemmed from the $4.9 million increase in net interest income and $1.1 million increase in non-interest income. This was partially offset by a $2.0 million increase in non-interest expense and a $1.0 million increase in the provision for income tax.

    “I am pleased to share that we delivered another strong quarter, underscoring the continued momentum of our strategy and the dedication of our entire team,” stated Daniel J. Santaniello, President and Chief Executive Officer. “Second quarter 2025 net income increased 40% over last year’s second quarter to $6.9 million, with diluted earnings per share rising to $1.20. This performance was driven by a 19% increase in net interest income—reflecting our disciplined loan portfolio expansion and enhanced yields as well as a 16% rise in non-interest income.

    Year-to-date, net income has grown 29% to $12.9 million, a clear testament to the strength of our relationship-based deposit strategy and prudent expense management. Our asset quality remains solid, and we further strengthened our capital position, with shareholders’ equity up 7% providing a strong foundation for continued growth in the second half of 2025.

    These results reflect more than financial performance—they speak to the strength of our culture, our commitment to our clients, and our deep roots in the communities we serve. I want to sincerely thank our talented and dedicated team of bankers, whose expertise and focus on service excellence drive our success every day. Together, we continue to build a stronger, more resilient financial institution—one that delivers meaningful value to our bankers, clients, shareholders, and communities.”

    Consolidated Second Quarter Operating Results Overview

    Net interest income was $17.9 million for the second quarter of 2025, a 19% increase over the $15.1 million earned for the second quarter of 2024.  The $2.8 million increase in net interest income resulted from the increase of $3.7 million in interest income primarily due to a $213.6 million increase in the average balance of interest-earning assets and a 19 basis point increase in fully-taxable equivalent (“FTE”) (non-GAAP measurement) yield. The loan portfolio had the most significant impact, producing a $2.8 million increase in FTE interest income from $124.6 million in higher quarterly average balances and an increase of 24 basis points in FTE loan yield. Additionally, the Company experienced an increase of $1.1 million in interest earned from interest-bearing deposits with other financial institutions from $102.0 million in higher average balances. Slightly offsetting the higher interest income, there was a $0.9 million increase in interest expense due to a $178.8 million quarter-over-quarter increase in average interest-bearing liability balances. The increase was due to growth of $208.3 million in average interest-bearing deposit balances. However, this deposit growth was partially offset by a $28.5 million decrease in average short-term borrowings.

    The FTE yield on interest-earning assets was 4.77% for the second quarter of 2025, an increase of 19 basis points from the 4.58% for the second quarter of 2024. The overall cost of interest-bearing liabilities was 2.52% for the second quarter of 2025, a decrease of 6 basis points from the 2.58% for the second quarter of 2024.  The cost of funds decreased 1 basis point from 1.96% to 1.95% for the second quarters of 2024 and 2025, respectively. The Company’s FTE net interest spread was 2.25% for the second quarter of 2025, an increase of 25 basis points from 2.00% recorded for the second quarter of 2024.  FTE net interest margin increased to 2.92% for the three months ended June 30, 2025 from 2.71% for the same period of 2024 primarily due to the growth in higher yielding taxable commercial loans.

    For the three months ended June 30, 2025, the provision for credit losses on loans was $300 thousand and the provision for unfunded commitments was $20 thousand compared to a $275 thousand provision for credit losses on loans and a $140 thousand provision for credit losses on unfunded loan commitments for the three months ended June 30, 2024. For the three months ended June 30, 2025, the increase in the provision for credit losses on loans compared to the prior year period was due to $155 thousand in higher net charge-offs and a higher average total loan balance compared to the same period in 2024. For the three months ended June 30, 2025, the decrease in the provision for unfunded commitments was due to lower levels of unfunded commitments during the quarter due to increased utilization, specifically commercial construction commitments, compared to the year earlier period.

    Total non-interest income increased $0.8 million, or 16%, to $5.4 million for the second quarter of 2025 compared to $4.6 million for the second quarter of 2024. The increase in non-interest income was primarily attributed to increases of $0.2 million in trust fees, a $0.2 million BOLI death benefit, $0.2 million in loan service charges, and $0.1 million in interchange fees. 

    Non-interest expenses increased $1.1 million, or 8%, for the second quarter of 2025 to $14.7 million from $13.6 million for the same quarter of 2024. The increase in non-interest expenses was primarily due to the increases in salaries and benefits expense of $0.8 million, premises and equipment expense of $0.2 million, and advertising expense of $0.2 million. These increases were partially offset by a $0.2 million decrease in professional services for the three months ended June 30, 2025 compared to the same period of 2024.

    The provision for income taxes increased $0.6 million during the three months ended June 30, 2025 compared to the same period in 2024 primarily due to a $2.6 million increase in income before taxes.

    Consolidated Year-To-Date Operating Results Overview

    Net interest income was $35.0 million for the six months ended June 30, 2025 compared to $30.1 million for the six months ended June 30, 2024.  The $4.9 million increase in net interest income resulted from the increase of $6.4 million in interest income primarily due to a $181.0 million increase in the average balance of interest-earning assets and a 20 basis point increase in FTE yield.  On the asset side, the loan portfolio interest income growth resulted from producing $5.3 million more in interest income from an increase of 25 basis points in FTE loan yields on $120.5 million in higher average balances. Additionally, the Company experienced an increase of $1.5 million in interest earned from interest-bearing deposits with other financial institutions from $71.6 million in higher average balances. The increase in interest income was partially offset by a decrease of $0.3 million in interest earned on the investment portfolio due to decreases of 6 basis points in yield and $11.3 million in average balances. On the funding side, total interest expense increased by $1.5 million primarily due to an increase in interest expense paid on deposits of $2.5 million from a 2 basis points higher rates paid on a $194.0 million larger average balance of interest-bearing deposits, partially offset by a decrease in interest expense on borrowings of $1.0 million for the six months ended June 30, 2025 compared to the same period in 2024.

    The overall cost of interest-bearing liabilities was 2.51% for the six months ended June 30, 2025 compared to 2.54% for the six months ended June 30, 2024.  The cost of funds decreased 1 basis point to 1.94% for the six months ended June 30, 2025 from 1.95% from the same period of 2024. The FTE yield on earning assets was 4.75% for the six months ended June 30, 2025, an increase of 20 basis points from the 4.55% year-to-date June 30, 2024.  The Company’s FTE net interest spread was 2.24% for the six months ended June 30, 2025, an increase of 23 basis points from the 2.01% recorded for the same period of 2024.  FTE net interest margin increased by 21 basis points to 2.91% for the six months ended June 30, 2025 from 2.70% for the same 2024 period primarily due to the increase in yields earned on loans and leases outpacing the rates paid on interest-bearing deposits.

    For the six months ended June 30, 2025, the provision for credit losses on loans was $755 thousand and the provision for credit losses on unfunded loan commitments was a net benefit of $65 thousand compared to a $400 thousand provision for credit losses on loans and a $90 thousand provision for credit losses on unfunded commitments for the six months ended June 30, 2024. For the six months ended June 30, 2025, the increase in the provision for credit losses on loans compared to the prior year period was due to $215 thousand in higher net charge-offs and a higher average total loan balance compared to the same period in 2024. For the six months ended June 30, 2025, the decrease in the provision for unfunded commitments was due to lower growth in unfunded commitments during the period due to increased utilization, specifically commercial construction commitments, compared to the year earlier period.

    Total non-interest income for the six months ended June 30, 2025 was $10.3 million, an increase of $1.1 million, or 12%, from $9.2 million for the six months ended June 30, 2024.  The increase was primarily due to $0.3 million higher fees from trust fiduciary activities. The Company also had $0.2 million more non-interest income resulting from an increase in interchange fees, a $0.2 million BOLI death benefit, and an increase of $0.2 million in service charges on commercial loans. During the first half of 2025, gains of $0.5 million on the sale of a commercial loan and $0.3 million from the sale of a property were offset by $0.8 million in losses recognized on the sale of securities.

    Non-interest expenses increased to $29.3 million for the six months ended June 30, 2025, an increase of $2.0 million, or 7%, from $27.3 million for the six months ended June 30, 2024. Salaries and benefits expense increased $1.3 million due to an increase in bankers, group insurance costs, and banker incentives in the first half of 2025, compared to the same period in 2024. Additionally, the Company saw an increase of $0.5 million in advertising and marketing expenses primarily due to a $0.3 million increase in Neighborhood Assistance Program donations from which the Company recognized $0.2 million in additional tax credits causing a corresponding decrease in PA shares tax expense. There was also an increase of $0.5 million in premises and equipment expense primarily due to higher costs for software licenses, subscriptions, and maintenance. The increases were partially offset by $0.3 million less in professional services expense.

    The provision for income taxes increased $1.0 million during the six months ended June 30, 2025 compared to the same period in 2024 primarily due to a $3.9 million increase in income before taxes and $0.2 million less in tax credits. 

    Consolidated Balance Sheet & Asset Quality Overview

    The Company’s total assets had a balance of $2.7 billion as of June 30, 2025, an increase of $114.0 million from December 31, 2024. The increase resulted from $82.1 million in growth in cash and cash equivalents as of June 30, 2025 compared to December 31, 2024. The loans and leases portfolio increased $37.9 million over the same period. Asset growth was offset by a decrease of $11.4 million in the investment portfolio primarily due to the sale of $17.5 million in available-for-sale securities and $11.3 million in paydowns partially offset by $14.7 million in purchases of securities.

    During the same time period, total liabilities increased $100.0 million, or 4%. Deposit growth of $94.5 million was utilized to fund loan growth and increase interest-bearing cash balances. For interest-bearing deposit accounts, the Company experienced increases of $37.2 million in money market deposits, $17.2 million in interest-bearing checking accounts, $14.4 million in time deposits, and $1.6 million in savings and clubs. The deposit growth is primarily driven by growth in existing account balances from the relationship building strategy along with targeted direct marketing campaigns driving new client acquisitions and active management of promotional and retention rates. Additionally, the Company experienced an increase of $24.1 million in non-interest-bearing checking accounts. As of June 30, 2025, the ratio of insured and collateralized deposits to total deposits was approximately 75%.

    Shareholders’ equity increased $13.9 million, or 7%, to $217.9 million at June 30, 2025 from $204.0 million at December 31, 2024. The increase was caused by $8.3 million higher retained earnings from net income of $12.9 million plus a $4.9 million, after tax, improvement in accumulated other comprehensive income from lower net unrealized losses recorded on available-for-sale securities, partially offset by $4.7 million in cash dividends paid to shareholders. An additional $0.9 million was recorded from the issuance of common stock under the Company’s stock plans and stock-based compensation expense. At June 30, 2025, there were no credit losses on available-for-sale and held-to-maturity debt securities.  Accumulated other comprehensive income (loss) is excluded from regulatory capital ratios. The Company remains well capitalized with Tier 1 capital at 9.16% of total average assets as of June 30, 2025.  Total risk-based capital was 14.72% of risk-weighted assets and Tier 1 risk-based capital was 13.57% of risk-weighted assets as of June 30, 2025. Tangible book value per share was $34.25 at June 30, 2025 compared to $31.98 at December 31, 2024.  Tangible common equity was 7.38% of total assets at June 30, 2025 compared to 7.16% at December 31, 2024.

    Asset Quality

    Total non-performing assets were $3.5 million, or 0.13% of total assets, at June 30, 2025, compared to $7.8 million, or 0.30% of total assets, at December 31, 2024. Past due and non-accrual loans to total loans were 0.41% at June 30, 2025 compared to 0.71% at December 31, 2024. Net charge-offs to average total loans were 0.05% at June 30, 2025 compared to 0.03% at December 31, 2024.

    About Fidelity D & D Bancorp, Inc. and The Fidelity Deposit and Discount Bank

    Fidelity D & D Bancorp, Inc. has built a strong history as trusted financial advisor to the clients served by The Fidelity Deposit and Discount Bank (“Fidelity Bank”).  Fidelity Bank continues its mission of exceeding client expectations through a unique banking experience. It operates 21 full-service offices throughout Lackawanna, Luzerne, Lehigh and Northampton Counties and a Fidelity Bank Wealth Management Office in Schuylkill County. Fidelity Bank provides a digital banking experience online at www.bankatfidelity.com, through the Fidelity Mobile Banking app, and in the Client Care Center at 1-800-388-4380. Additionally, the Bank offers full-service Wealth Management & Brokerage Services, a Mortgage Center, and a full suite of personal and commercial banking products and services. Part of the Company’s vision is to serve as the best bank for the community, which was accomplished by having provided over 5,960 hours of volunteer time and over $1.3 million in donations to non-profit organizations directly within the markets served throughout 2024. Fidelity Bank’s deposits are insured by the Federal Deposit Insurance Corporation up to the full extent permitted by law.

    Non-GAAP Financial Measures

    The Company uses non-GAAP financial measures to provide information useful to the reader in understanding its operating performance and trends, and to facilitate comparisons with the performance of other financial institutions. Management uses these measures internally to assess and better understand our underlying business performance and trends related to core business activities.  The Company’s non-GAAP financial measures and key performance indicators may differ from the non-GAAP financial measures and key performance indicators other financial institutions use to measure their performance and trends. Non-GAAP financial measures should be supplemental to GAAP used to prepare the Company’s operating results and should not be read in isolation or relied upon as a substitute for GAAP measures.  Reconciliations of non-GAAP financial measures to GAAP are presented in the tables below.

    Interest income was adjusted to recognize the income from tax exempt interest-earning assets as if the interest was taxable, fully-taxable equivalent (“FTE”), in order to calculate certain ratios within this document.  This treatment allows a uniform comparison among yields on interest-earning assets.  Interest income was FTE adjusted, using the corporate federal tax rate of 21% for 2025 and 2024.

    Forward-looking statements

    Certain of the matters discussed in this press release constitute forward-looking statements for purposes of the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended, and as such may involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements.  The words “expect,” “anticipate,” “intend,” “plan,” “believe,” “estimate,” and similar expressions are intended to identify such forward-looking statements.

    The Company’s actual results may differ materially from the results anticipated in these forward-looking statements due to a variety of factors, including, without limitation:

      ■ local, regional and national economic conditions and changes thereto;
      ■ the short-term and long-term effects of inflation, and rising costs to the Company, its customers and on the economy;
      ■ the risks of changes and volatility of interest rates on the level and composition of deposits, loan demand, and the values of loan collateral, securities and interest rate protection agreements, as well as interest rate risks;
      ■ securities markets and monetary fluctuations and volatility;
      ■  disruption of credit and equity markets;
      ■ impacts of the capital and liquidity requirements of the Basel III standards and other regulatory pronouncements, regulations and rules;
      ■ governmental monetary and fiscal policies, as well as legislative and regulatory changes;
      ■ effects of short- and long-term federal budget and tax negotiations and their effect on economic and business conditions;
      ■ the costs and effects of litigation and of unexpected or adverse outcomes in such litigation;
      ■ the impact of new or changes in existing laws and regulations, including laws and regulations concerning taxes, banking, securities and insurance and their application with which the Company and its subsidiaries must comply;
      ■ the effect of changes in accounting policies and practices, as may be adopted by the regulatory agencies, as well as the Financial Accounting Standards Board and other accounting standard setters;
      ■ the effects of competition from other commercial banks, thrifts, mortgage banking firms, consumer finance companies, credit unions, securities brokerage firms, insurance companies, money market and other mutual funds and other financial institutions operating in our market area and elsewhere, including institutions operating locally, regionally, nationally and internationally, together with such competitors offering banking products and services by mail, telephone, computer and the internet;
      ■ the effects of economic conditions of any other pandemic, epidemic or other health-related crisis such as COVID-19 and responses thereto on current customers and the operations of the Company, specifically the effect of the economy on loan customers’ ability to repay loans;  
      ■ the effects of bank failures, banking system instability, deposit fluctuations, loan and securities value changes;  
      ■ technological changes;  
      ■ the interruption or breach in security of our information systems, continually evolving cybersecurity and other technological risks and attacks resulting in failures or disruptions in customer account management, general ledger processing and loan or deposit updates and potential impacts resulting therefrom including additional costs, reputational damage, regulatory penalties, and financial losses;  
      ■ acquisitions and integration of acquired businesses;  
      ■ the failure of assumptions underlying the establishment of reserves for loan losses and estimations of values of collateral and various financial assets and liabilities;  
      ■ acts of war or terrorism; and  
      ■ the risk that our analyses of these risks and forces could be incorrect and/or that the strategies developed to address them could be unsuccessful.

    The Company cautions readers not to place undue reliance on forward-looking statements, which reflect analyses only as of the date of this release.  The Company has no obligation to update any forward-looking statements to reflect events or circumstances after the date of this release.

    For more information please visit our investor relations web site located through www.bankatfidelity.com.

    FIDELITY D & D BANCORP, INC.
    Unaudited Condensed Consolidated Balance Sheets
    (dollars in thousands)    		  
    At Period End:   June 30, 2025     December 31, 2024  
    Assets                
    Cash and cash equivalents   $ 165,495     $ 83,353  
    Investment securities     545,821       557,221  
    Restricted investments in bank stock     4,240       3,961  
    Loans and leases     1,837,477       1,800,856  
    Allowance for credit losses on loans     (19,976 )     (19,666 )
    Premises and equipment, net     40,097       35,914  
    Life insurance cash surrender value     58,849       58,069  
    Goodwill and core deposit intangible     20,364       20,504  
    Other assets     46,208       44,404  
                     
    Total assets   $ 2,698,575     $ 2,584,616  
                     
    Liabilities                
    Non-interest-bearing deposits   $ 558,074     $ 533,935  
    Interest-bearing deposits     1,877,254       1,806,885  
    Total deposits     2,435,328       2,340,820  
    Short-term borrowings     10       –  
    Secured borrowings     6,134       6,266  
    Other liabilities     39,191       33,561  
    Total liabilities     2,480,663       2,380,647  
                     
    Shareholders’ equity     217,912       203,969  
                     
    Total liabilities and shareholders’ equity   $ 2,698,575     $ 2,584,616  
    Average Year-To-Date Balances:   June 30, 2025     December 31, 2024  
    Assets                
    Cash and cash equivalents   $ 129,527     $ 55,773  
    Investment securities     551,906       557,537  
    Restricted investments in bank stock     4,066       3,960  
    Loans and leases     1,822,654       1,741,349  
    Allowance for credit losses on loans     (20,189 )     (19,391 )
    Premises and equipment, net     35,839       35,580  
    Life insurance cash surrender value     58,503       56,455  
    Goodwill and core deposit intangible     20,423       20,641  
    Other assets     42,950       41,755  
                     
    Total assets   $ 2,645,679     $ 2,493,659  
                     
    Liabilities                
    Non-interest-bearing deposits   $ 540,320     $ 527,825  
    Interest-bearing deposits     1,852,895       1,697,529  
    Total deposits     2,393,215       2,225,354  
    Short-term borrowings     16       32,446  
    Secured borrowings     6,194       6,830  
    Other liabilities     35,497       32,471  
    Total liabilities     2,434,922       2,297,101  
                     
    Shareholders’ equity     210,757       196,558  
                     
    Total liabilities and shareholders’ equity   $ 2,645,679     $ 2,493,659  
    FIDELITY D & D BANCORP, INC.
    Unaudited Condensed Consolidated Statements of Income
    (dollars in thousands)    		  
        Three Months Ended     Six Months Ended  
        Jun. 30, 2025     Jun. 30, 2024     Jun. 30, 2025     Jun. 30, 2024  
    Interest income                                
    Loans and leases   $ 25,328     $ 22,516     $ 49,924     $ 44,649  
    Securities and other     4,437       3,523       8,149       7,016  
                                     
    Total interest income     29,765       26,039       58,073       51,665  
                                     
    Interest expense                                
    Deposits     (11,738 )     (10,459 )     (22,925 )     (20,400 )
    Borrowings and debt     (98 )     (463 )     (186 )     (1,204 )
                                     
    Total interest expense     (11,836 )     (10,922 )     (23,111 )     (21,604 )
                                     
    Net interest income     17,929       15,117       34,962       30,061  
                                     
    Provision for credit losses on loans     (300 )     (275 )     (755 )     (400 )
    Net (provision) benefit for credit losses on unfunded loan commitments     (20 )     (140 )     65       (90 )
    Non-interest income     5,359       4,615       10,332       9,188  
    Non-interest expense     (14,710 )     (13,616 )     (29,264 )     (27,306 )
                                     
    Income before income taxes     8,258       5,701       15,340       11,453  
                                     
    Provision for income taxes     (1,337 )     (766 )     (2,428 )     (1,460 )
    Net income   $ 6,921     $ 4,935     $ 12,912     $ 9,993  
        Three Months Ended  
        Jun. 30, 2025     Mar. 31, 2025     Dec. 31, 2024     Sep. 30, 2024     Jun. 30, 2024  
    Interest income                                        
    Loans and leases   $ 25,328     $ 24,596     $ 24,584     $ 24,036     $ 22,516  
    Securities and other     4,437       3,712       3,475       3,263       3,523  
                                             
    Total interest income     29,765       28,308       28,059       27,299       26,039  
                                             
    Interest expense                                        
    Deposits     (11,738 )     (11,187 )     (11,468 )     (11,297 )     (10,459 )
    Borrowings and debt     (98 )     (88 )     (217 )     (571 )     (463 )
                                             
    Total interest expense     (11,836 )     (11,275 )     (11,685 )     (11,868 )     (10,922 )
                                             
    Net interest income     17,929       17,033       16,374       15,431       15,117  
                                             
    Provision for credit losses on loans     (300 )     (455 )     (250 )     (675 )     (275 )
    Net benefit (provision) for credit losses on unfunded loan commitments     (20 )     85       85       (135 )     (140 )
    Non-interest income     5,359       4,973       4,847       4,979       4,615  
    Non-interest expense     (14,710 )     (14,554 )     (14,395 )     (13,840 )     (13,616 )
                                             
    Income before income taxes     8,258       7,082       6,661       5,760       5,701  
                                             
    Provision for income taxes     (1,337 )     (1,091 )     (826 )     (793 )     (766 )
    Net income   $ 6,921     $ 5,991     $ 5,835     $ 4,967     $ 4,935  
    FIDELITY D & D BANCORP, INC.
    Unaudited Condensed Consolidated Balance Sheets
    (dollars in thousands)    		  
    At Period End:   Jun. 30, 2025     Mar. 31, 2025     Dec. 31, 2024     Sep. 30, 2024     Jun. 30, 2024  
    Assets                                        
    Cash and cash equivalents   $ 165,495     $ 211,195     $ 83,353     $ 120,169     $ 78,085  
    Investment securities     545,821       540,960       557,221       559,819       552,495  
    Restricted investments in bank stock     4,240       4,021       3,961       3,944       3,968  
    Loans and leases     1,837,477       1,817,509       1,800,856       1,795,548       1,728,509  
    Allowance for credit losses on loans     (19,976 )     (20,017 )     (19,666 )     (19,630 )     (18,975 )
    Premises and equipment, net     40,097       34,995       35,914       36,057       35,808  
    Life insurance cash surrender value     58,849       58,458       58,069       57,672       57,278  
    Goodwill and core deposit intangible     20,364       20,431       20,504       20,576       20,649  
    Other assets     46,208       43,758       44,404       41,778       42,828  
                                             
    Total assets   $ 2,698,575     $ 2,711,310     $ 2,584,616     $ 2,615,933     $ 2,500,645  
                                             
    Liabilities                                        
    Non-interest-bearing deposits   $ 558,074     $ 555,684     $ 533,935     $ 549,710     $ 527,572  
    Interest-bearing deposits     1,877,254       1,901,775       1,806,885       1,792,796       1,641,558  
    Total deposits     2,435,328       2,457,459       2,340,820       2,342,506       2,169,130  
    Short-term borrowings     10       10       –       25,000       98,120  
    Secured borrowings     6,134       6,190       6,266       6,323       7,237  
    Other liabilities     39,191       35,977       33,561       34,843       30,466  
    Total liabilities     2,480,663       2,499,636       2,380,647       2,408,672       2,304,953  
                                             
    Shareholders’ equity     217,912       211,674       203,969       207,261       195,692  
                                             
    Total liabilities and shareholders’ equity   $ 2,698,575     $ 2,711,310     $ 2,584,616     $ 2,615,933     $ 2,500,645  
    Average Quarterly Balances:   Jun. 30, 2025     Mar. 31, 2025     Dec. 31, 2024     Sep. 30, 2024     Jun. 30, 2024  
    Assets                                        
    Cash and cash equivalents   $ 161,316     $ 97,384     $ 67,882     $ 41,991     $ 58,351  
    Investment securities     546,149       557,726       560,453       554,578       551,445  
    Restricted investments in bank stock     4,158       3,973       3,957       3,965       3,983  
    Loans and leases     1,832,162       1,813,040       1,797,023       1,763,254       1,707,598  
    Allowance for credit losses on loans     (20,357 )     (20,019 )     (20,050 )     (19,323 )     (19,171 )
    Premises and equipment, net     35,954       35,722       36,065       36,219       35,433  
    Life insurance cash surrender value     58,697       58,307       57,919       57,525       55,552  
    Goodwill and core deposit intangible     20,386       20,459       20,529       20,602       20,677  
    Other assets     42,729       43,177       41,454       41,734       42,960  
                                             
    Total assets   $ 2,681,194     $ 2,609,769     $ 2,565,232     $ 2,500,545     $ 2,456,828  
                                             
    Liabilities                                        
    Non-interest-bearing deposits   $ 547,278     $ 533,286     $ 538,506     $ 522,827     $ 530,048  
    Interest-bearing deposits     1,878,548       1,826,957       1,769,265       1,702,187       1,670,211  
    Total deposits     2,425,826       2,360,243       2,307,771       2,225,014       2,200,259  
    Short-term borrowings     10       22       10,326       37,220       28,477  
    Secured borrowings     6,162       6,226       6,297       6,429       7,269  
    Other liabilities     36,050       34,937       34,695       31,999       30,734  
    Total liabilities     2,468,048       2,401,428       2,359,089       2,300,662       2,266,739  
                                             
    Shareholders’ equity     213,146       208,341       206,143       199,883       190,089  
                                             
    Total liabilities and shareholders’ equity   $ 2,681,194     $ 2,609,769     $ 2,565,232     $ 2,500,545     $ 2,456,828  
    FIDELITY D & D BANCORP, INC.
    Selected Financial Ratios and Other Financial Data
        Three Months Ended  
        Jun. 30, 2025     Mar. 31, 2025     Dec. 31, 2024     Sep. 30, 2024     Jun. 30, 2024  
    Selected returns and financial ratios                                        
    Basic earnings per share   $ 1.20     $ 1.04     $ 1.02     $ 0.87     $ 0.86  
    Diluted earnings per share   $ 1.20     $ 1.03     $ 1.01     $ 0.86     $ 0.86  
    Dividends per share   $ 0.40     $ 0.40     $ 0.40     $ 0.38     $ 0.38  
    Yield on interest-earning assets (FTE)*     4.77 %     4.73 %     4.68 %     4.68 %     4.58 %
    Cost of interest-bearing liabilities     2.52 %     2.49 %     2.60 %     2.70 %     2.58 %
    Cost of funds     1.95 %     1.93 %     2.00 %     2.08 %     1.96 %
    Net interest spread (FTE)*     2.25 %     2.24 %     2.08 %     1.98 %     2.00 %
    Net interest margin (FTE)*     2.92 %     2.89 %     2.78 %     2.70 %     2.71 %
    Return on average assets     1.04 %     0.93 %     0.90 %     0.79 %     0.81 %
    Pre-provision net revenue to average assets*     1.28 %     1.16 %     1.06 %     1.05 %     1.00 %
    Return on average equity     13.02 %     11.66 %     11.26 %     9.89 %     10.44 %
    Return on average tangible equity*     14.40 %     12.93 %     12.50 %     11.02 %     11.72 %
    Efficiency ratio (FTE)*     61.17 %     61.67 %     65.48 %     65.33 %     66.47 %
    Expense ratio     1.40 %     1.37 %     1.48 %     1.41 %     1.47 %
        Six months ended  
        Jun. 30, 2025     Jun. 30, 2024  
    Basic earnings per share   $ 2.24     $ 1.74  
    Diluted earnings per share   $ 2.23     $ 1.73  
    Dividends per share   $ 0.80     $ 0.76  
    Yield on interest-earning assets (FTE)*     4.75 %     4.55 %
    Cost of interest-bearing liabilities     2.51 %     2.54 %
    Cost of funds     1.94 %     1.95 %
    Net interest spread (FTE)*     2.24 %     2.01 %
    Net interest margin (FTE)*     2.91 %     2.70 %
    Return on average assets     0.98 %     0.82 %
    Pre-provision net revenue to average assets*     1.22 %     0.98 %
    Return on average equity     12.35 %     10.57 %
    Return on average tangible equity*     13.68 %     11.87 %
    Efficiency ratio (FTE)*     61.42 %     67.01 %
    Expense ratio     1.38 %     1.49 %
    Other financial data   At period end:  
    (dollars in thousands except per share data)   Jun. 30, 2025     Mar. 31, 2025     Dec. 31, 2024     Sep. 30, 2024     Jun. 30, 2024  
    Assets under management   $ 1,030,268     $ 955,647     $ 921,994     $ 942,190     $ 906,861  
    Book value per share   $ 37.78     $ 36.70     $ 35.56     $ 36.13     $ 34.12  
    Tangible book value per share*   $ 34.25     $ 33.16     $ 31.98     $ 32.55     $ 30.52  
    Equity to assets     8.08 %     7.81 %     7.89 %     7.92 %     7.83 %
    Tangible common equity ratio*     7.38 %     7.11 %     7.16 %     7.19 %     7.06 %
    Allowance for credit losses on loans to:                                        
    Total loans     1.09 %     1.10 %     1.09 %     1.09 %     1.10 %
    Non-accrual loans   6.50x     3.36x     2.68x     2.77x     2.75x  
    Non-accrual loans to total loans     0.17 %     0.33 %     0.41 %     0.39 %     0.40 %
    Non-performing assets to total assets     0.13 %     0.23 %     0.30 %     0.29 %     0.28 %
    Net charge-offs to average total loans     0.05 %     0.02 %     0.03 %     0.02 %     0.03 %
                                             
    Capital Adequacy Ratios                                        
    Total risk-based capital ratio     14.72 %     14.74 %     14.78 %     14.56 %     14.69 %
    Common equity tier 1 risk-based capital ratio     13.57 %     13.57 %     13.60 %     13.38 %     13.52 %
    Tier 1 risk-based capital ratio     13.57 %     13.57 %     13.60 %     13.38 %     13.52 %
    Leverage ratio     9.16 %     9.22 %     9.22 %     9.30 %     9.30 %

    * Non-GAAP Financial Measures – see reconciliations below

    FIDELITY D & D BANCORP, INC.
    Reconciliations of Non-GAAP Financial Measures to GAAP
    Reconciliations of Non-GAAP Measures to GAAP   Three Months Ended  
    (dollars in thousands)   Jun. 30, 2025     Mar. 31, 2025     Dec. 31, 2024     Sep. 30, 2024     Jun. 30, 2024  
    FTE net interest income (non-GAAP)                                        
    Interest income (GAAP)   $ 29,765     $ 28,308     $ 28,059     $ 27,299     $ 26,039  
    Adjustment to FTE     760       771       764       775       751  
    Interest income adjusted to FTE (non-GAAP)     30,525       29,079       28,823       28,074       26,790  
    Interest expense (GAAP)     11,836       11,275       11,685       11,868       10,922  
    Net interest income adjusted to FTE (non-GAAP)   $ 18,689     $ 17,804     $ 17,138     $ 16,206     $ 15,868  
                                             
    Efficiency Ratio (non-GAAP)                                        
    Non-interest expenses (GAAP)   $ 14,710     $ 14,554     $ 14,395     $ 13,840     $ 13,616  
                                             
    Net interest income (GAAP)     17,929       17,033       16,374       15,431       15,117  
    Plus: taxable equivalent adjustment     760       771       764       775       751  
    Non-interest income (GAAP)     5,359       4,973       4,847       4,979       4,615  
    Plus: Loss on sales of securities     –       822       –       –       –  
    Net interest income (FTE) plus adjusted non-interest income (non-GAAP)   $ 24,048     $ 23,599     $ 21,985     $ 21,185     $ 20,483  
    Efficiency ratio (non-GAAP) (1)     61.17 %     61.67 %     65.47 %     65.33 %     66.48 %
    (1) The reported efficiency ratio is a non-GAAP measure calculated by dividing non-interest expense by the sum of net interest income, on an FTE basis, and adjusted non-interest income.                                        
                                             
    Tangible Book Value per Share/Tangible Common Equity Ratio (non-GAAP)                                        
    Total assets (GAAP)   $ 2,698,575     $ 2,711,310     $ 2,584,616     $ 2,615,933     $ 2,500,645  
    Less: Intangible assets     (20,364 )     (20,431 )     (20,504 )     (20,576 )     (20,649 )
    Tangible assets     2,678,211       2,690,879       2,564,112       2,595,357       2,479,996  
    Total shareholders’ equity (GAAP)     217,912       211,674       203,969       207,261       195,692  
    Less: Intangible assets     (20,364 )     (20,431 )     (20,504 )     (20,576 )     (20,649 )
    Tangible common equity     197,548       191,243       183,465       186,685       175,043  
                                             
    Common shares outstanding, end of period     5,767,490       5,767,500       5,736,252       5,736,025       5,735,728  
    Tangible Common Book Value per Share   $ 34.25     $ 33.16     $ 31.98     $ 32.55     $ 30.52  
    Tangible Common Equity Ratio     7.38 %     7.11 %     7.16 %     7.19 %     7.06 %
                                             
    Pre-Provision Net Revenue to Average Assets                                        
    Income before taxes (GAAP)   $ 8,258     $ 7,082     $ 6,661     $ 5,760     $ 5,701  
    Plus: Provision for credit losses     320       370       165       810       415  
    Total pre-provision net revenue (non-GAAP)     8,578       7,452       6,826       6,570       6,116  
    Total (annualized) (non-GAAP)   $ 34,404     $ 30,220     $ 27,157     $ 26,423     $ 24,600  
                                             
    Average assets   $ 2,681,194     $ 2,609,769     $ 2,565,232     $ 2,500,545     $ 2,456,828  
    Pre-Provision Net Revenue to Average Assets (non-GAAP)     1.28 %     1.16 %     1.06 %     1.05 %     1.00 %
    Reconciliations of Non-GAAP Measures to GAAP   Six months ended  
    (dollars in thousands)   Jun. 30, 2025     Jun. 30, 2024  
    FTE net interest income (non-GAAP)                
    Interest income (GAAP)   $ 58,073     $ 51,665  
    Adjustment to FTE     1,531       1,497  
    Interest income adjusted to FTE (non-GAAP)     59,604       53,162  
    Interest expense (GAAP)     23,111       21,604  
    Net interest income adjusted to FTE (non-GAAP)   $ 36,493       31,558  
                     
    Efficiency Ratio (non-GAAP)                
    Non-interest expenses (GAAP)   $ 29,264     $ 27,306  
                     
    Net interest income (GAAP)     34,962       30,061  
    Plus: taxable equivalent adjustment     1,531       1,497  
    Non-interest income (GAAP)     10,332       9,188  
    Plus: Loss on sales of securities     822       –  
    Net interest income (FTE) plus non-interest income (non-GAAP)   $ 47,647     $ 40,746  
    Efficiency ratio (non-GAAP) (1)     61.42 %     67.01 %
    (1) The reported efficiency ratio is a non-GAAP measure calculated by dividing non-interest expense by the sum of net interest income, on an FTE basis, and adjusted non-interest (loss) income.                
                     
    Pre-Provision Net Revenue to Average Assets                
    Income before taxes (GAAP)   $ 15,340     $ 11,453  
    Plus: Provision for credit losses     690       490  
    Total pre-provision net revenue (non-GAAP)   $ 16,030     $ 11,943  
    Total (annualized) (non-GAAP)   $ 32,326     $ 23,951  
                     
    Average assets   $ 2,645,679     $ 2,453,998  
    Pre-Provision Net Revenue to Average Assets (non-GAAP)     1.22 %     0.98 %
       
    Contacts:  
    Daniel J. Santaniello Salvatore R. DeFrancesco, Jr.
    President and Chief Executive Officer Treasurer and Chief Financial Officer
    570-504-8035 570-504-8000

    The MIL Network –

  • MIL-OSI United Kingdom: ASC commissions: letters to Lord Hanson

    Source: United Kingdom – Executive Government & Departments

    Correspondence

    ASC commissions: letters to Lord Hanson

    Letters from the Chair of the Animals in Science Committee to the Lords Minister about timescales and scope for commissioned advice.

    Documents

    Timescales for ASC commissions: letter to Lord Hanson (accessible)

    HTML

    Timescales for ASC commissions: letter to Lord Hanson

    PDF, 114 KB, 2 pages

    Refining the scope for commissioned advice: letter to Lord Hanson (accessible)

    HTML

    Refining the scope for commissioned advice: letter to Lord Hanson

    PDF, 123 KB, 2 pages

    Details

    Dr Sally Robinson, Chair of the Animals in Science Committee, wrote to David Hanson, Lords Minister, on 27 June 2025.

    She provided an update on the committee’s progress with commissioned advice and requested an extension to the deadlines for the commissions on strengthening leading practice, and strengthening the functioning of Animal Welfare and Ethical Review Bodies (AWERBs) and the Named Information Officer (NIO).

    On 8 July 2025, she followed up with proposals for the refined scope of the commission on strengthening the functioning of AWERBs and the NIO.

    Lord Hanson has agreed these changes to the timescales and scope.

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    MIL OSI United Kingdom –

  • MIL-OSI Russia: Moscow Metro Tests Neurovoice in Audio Messages

    Translation. Region: Russian Federal

    Source: Moscow Metro

    Moscow Metro Tests Neurovoice in Audio Messages

    Artificial intelligence is being gradually introduced into the capital’s transport system. For example, since the beginning of the year, the neural network has been helping the chatbot Alexander answer passengers’ questions. Now, as part of a pilot project, AI will help Moscow metro announcers in their work.


    Moscow metro tests neurovoice in audio messages.

    As Maxim Liksutov explained, audio information is one of the most important ways of communicating with passengers. Sometimes something changes in the metro: an escalator is closed for repairs or trains take a different route. An announcement must be promptly prepared for each situation. Neurovoice will help solve this problem in a matter of minutes.

    The required audio file can be created remotely. Specialists only need to: 1) prepare the text; 2) upload it to the program; 3) adjust the voice – select the timbre, intonation and length of pauses. It is noteworthy that the AI was trained on real recordings of metro announcers.

    The neurovoice testing will take place on the Sokolnicheskaya line, where there are many transfers to the Moscow Central Circle, Moscow Central Diameters, other metro lines, bus and railway stations. Komsomolskaya is also located here, the leading station in terms of the number of transport infrastructure facilities announced by the announcers.

    Voices in neural processing allow creating prompt audio announcements in the uniform style of Moscow transport. After the pilot launch of the technology on the Sokolnicheskaya line, a decision will be made on its further use in the metro and beyond. In this case, the wishes of passengers will be taken into account. The Moscow metro continues to implement the most modern digital services, as instructed by Moscow Mayor Sergei Sobyanin, noted Maxim Liksutov.

    MIL OSI Russia News –

  • MIL-OSI Russia: China-Tajikistan Joint Laboratory on Biodiversity Conservation and Sustainable Use Opens in Dushanbe

    Translation. Region: Russian Federal

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

    An important disclaimer is at the bottom of this article.

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

    BEIJING, July 23 (Xinhua) — The China-Tajikistan Joint Laboratory on Biodiversity Conservation and Sustainable Use under the Belt and Road Initiative recently opened in Dushanbe.

    The opening ceremony of the new laboratory took place on Monday in the capital of Tajikistan, the press service of the Xinjiang Institute of Ecology and Geography of the Chinese Academy of Sciences (CAS) reported. The event was attended by Deputy Minister of Science and Technology of China Chen Jiachang and President of the National Academy of Sciences of the Republic of Tajikistan (NAS RT) Kobiljon Khushvakhtzoda.

    The Chinese Ministry of Science and Technology will work with the Tajik side to promote high-quality laboratory construction by providing political support, training international research teams, and promoting the protection of biological resources and the coordinated development of the industry, Chen Jiachang said in a conversation with researchers from both sides.

    He expressed hope that the laboratory will serve as a model for scientific and technological cooperation between China and Tajikistan and give new impetus to the high-quality development of the Belt and Road.

    The project of the China-Tajikistan joint laboratory was approved on October 14, 2024. Its founders are the Xinjiang Institute of Ecology and Geography of the Academy of Sciences of the Republic of Tajikistan and the National Academy of Sciences of the Republic of Tajikistan. The work of the new institution will be aimed at expanding the capabilities of scientific and technological innovation and coordinated development in the fields of biodiversity conservation and ecological services in Central Asian countries, according to a statement published on the website of the Xinjiang Institute of Ecology and Geography. -0-

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

    .

    MIL OSI Russia News –

  • MIL-OSI Russia: Since the beginning of 2025, there has been a significant increase in air passenger traffic between Urumqi and Central Asian countries

    Translation. Region: Russian Federal

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

    An important disclaimer is at the bottom of this article.

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

    URUMQI, July 23 (Xinhua) — The number of travelers flying between China and five Central Asian countries via the airport of Urumqi, capital of northwest China’s Xinjiang Uygur Autonomous Region, has increased 31.6 percent year on year to more than 277,000 since the beginning of 2025, according to data from the Urumqi Border Guard Service.

    According to the data, international passenger airlines have linked Urumqi Tianshan International Airport with 10 major cities in Central Asian countries after launching two new air routes this year linking it with Fergana, Uzbekistan, and Shymkent, Kazakhstan.

    During the reporting period, the incoming passenger flow to China via the Urumqi airport from Central Asian countries on a visa-free basis exceeded 30 thousand people, with the majority of air passengers coming from countries such as Kazakhstan and Uzbekistan.

    As of July 23, more than 530,000 people have entered or exited China via Tianshan Airport since the beginning of 2025, up 66 percent year-on-year, while international cargo turnover through the airport has exceeded 54,000 tons, up 635 percent year-on-year. -0-

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

    .

    MIL OSI Russia News –

  • MIL-OSI Russia: Number of visa-free entries into China to double in 2024

    Translation. Region: Russian Federal

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

    An important disclaimer is at the bottom of this article.

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

    BEIJING, July 23 (Xinhua) — The number of foreigners entering China visa-free in 2024 will reach about 20.12 million, up 112.3 percent from 2023, Vice Minister of Public Security Qi Yanjun said Wednesday at a press conference held by the State Council Information Office.

    The total flow of foreign tourists entering China last year reached nearly 32.54 million people, up 80.7 percent from the previous year, the official said. -0-

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

    .

    MIL OSI Russia News –

  • MIL-OSI Russia: 835 people detained in major security operation in Turkish capital

    Translation. Region: Russian Federal

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

    An important disclaimer is at the bottom of this article.

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

    ISLAMABAD, July 23 (Xinhua) — Turkish police have detained 835 suspects in a major operation to ensure public security in Istanbul, the city police department said on Wednesday.

    Some 3,000 police officers took part in the operation on Tuesday evening, with air support from a police helicopter and naval forces. Authorities also carried out checks in public places.

    According to the department, among those detained were about 390 people wanted for various offenses.

    During the inspections, police seized, among other things, 22 unlicensed pistols, five rifles, 125 rounds of ammunition and 1,520 grams of drugs.

    The Istanbul Police Department regularly carries out such operations to maintain public order and ensure the safety of residents of the city of 15 million people. –0–

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

    .

    MIL OSI Russia News –

  • MIL-OSI Russia: Vitaly Savelyev got acquainted with the progress of construction of the new passenger terminal of the Kazan International Airport

    Translation. Region: Russian Federal

    Source: Government of the Russian Federation – Government of the Russian Federation –

    An important disclaimer is at the bottom of this article.

    Vitaly Savelyev got acquainted with the progress of construction of the new passenger terminal of the Kazan International Airport

    July 23, 2025

    Vitaly Savelyev got acquainted with the progress of construction of the new passenger terminal of the Kazan International Airport

    July 23, 2025

    Vitaly Savelyev got acquainted with the progress of construction of the new passenger terminal of the Kazan International Airport

    July 23, 2025

    Vitaly Savelyev got acquainted with the progress of construction of the new passenger terminal of the Kazan International Airport

    July 23, 2025

    Previous news Next news

    Vitaly Savelyev got acquainted with the progress of construction of the new passenger terminal of the Kazan International Airport

    Deputy Prime Minister Vitaly Savelyev and the Head of the Republic of Tatarstan Rustam Minnikhanov heard a report on plans to expand airport infrastructure and develop air traffic in the Republic of Tatarstan.

    Today, flights to 83 destinations are operated from Kazan International Airport named after Gabdulla Tukay: 51 on domestic routes and 32 on international routes.

    The airport is designed to receive 2.5 million passengers per year, but already in 2023 it received twice as many passengers. In 2024, 5.3 million passengers were served, an increase of 3.8% compared to the same period in 2023 (in 2023 – almost 5.2 million passengers).

    In preparation for the BRICS summit in October 2024, a new passenger platform with 51 parking spaces and an area of 160 thousand square meters was put into operation.

    The airport continues to develop, and as part of the master plan, work has begun on the design of a new passenger terminal. Its capacity will be more than 5.7 million passengers per year.

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

    .

    MIL OSI Russia News –

  • MIL-OSI Russia: Financial news: Data on average market values of maximum yield on deposits of individuals

    Translation. Region: Russian Federal

    Source: Central Bank of Russia –

    An important disclaimer is at the bottom of this article.

    Calculation by banks of the maximum yield on attracted deposits for the purpose of submitting information on the maximum yield on attracted deposits to the Bank of Russia as part of the reporting is carried out in accordance with the Procedure for compiling and submitting reports on form 0409119 “Data on the maximum yield on deposits of individuals”, established by Appendix 1 to Bank of Russia Instruction dated 10.04.2023 No. 6406-U “On the forms, terms, procedure for compiling and submitting reports of credit institutions (banking groups) to the Central Bank of the Russian Federation, as well as on the list of information on the activities of credit institutions (banking groups)” (taking into account the changes provided for by Bank of Russia Instruction dated 10.07.2024 No. 6800-U “On Amendments to the Bank of Russia Instruction dated April 10, 2023 No. 6406-U”.

    Based on the specified information, the Bank of Russia calculates the average market value of the maximum yield on deposits of individuals by type of deposit on a monthly basis and publishes it for informational purposes in the subsection “Banking sector” of the section “Statistics”.

    The average market value of the maximum yield on deposits of individuals is determined by the Bank of Russia as the average value of the maximum yield on deposits attracted in banks that attracted, over the past calendar month, in total two-thirds of the total volume of corresponding deposits in banks of the Russian Federation.

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

    .

    MIL OSI Russia News –

  • MIL-OSI: Waldencast Acquires Novaestiq Corp. and U.S. Rights to Leading Injectable Hyaluronic Acid Gel Line, Saypha®, Under the Obagi Medical Brand

    Source: GlobeNewswire (MIL-OSI)

    Acquisition strengthens Obagi Medical’s product portfolio with proven, scientifically backed, injectable portfolio

    New products position Obagi Medical at the forefront of health, beauty and aesthetics convergence

    LONDON, July 23, 2025 (GLOBE NEWSWIRE) — Waldencast plc (NASDAQ: WALD) (“Waldencast”), a global multi-brand beauty and wellness platform, today announced that it has acquired Novaestiq Corp. (Novaestiq), a growth-oriented aesthetic and medical dermatological innovations company, as well as the U.S. rights to the Saypha® line of hyaluronic acid (HA) injectable gels. The strategic acquisition expands Obagi Medical’s offerings beyond U.S. medical-grade skincare, a market projected to be $2.2 billion by 2029, into the growing U.S. dermal filler market, projected to reach $2 billion in market size by 2029, effectively doubling its addressable market.1 The move marks a pivotal step in positioning Obagi Medical as an industry leader in integrated skincare and aesthetic solutions.

    “We are excited to further diversify Obagi Medical’s portfolio of medical-grade skincare with consumer centric, in-office injectable procedures through the introduction of the Obagi Medical Saypha® ChIQ™ and MagIQ™ lines of injectable HA gels,” said Michel Brousset, Co-Founder and CEO of Waldencast. “Adding proven products into our portfolio increases our addressable market and allows us to deliver solutions for professionals and patients seeking both skincare and aesthetic treatments, all under the trusted Obagi Medical brand.”

    Obagi Medical’s philosophy advocates for a holistic, science-driven approach where potent skincare and professional procedures work in tandem to achieve and maintain optimal skin health and a youthful appearance. These injectable products will play a pivotal role in the evolution of Obagi Medical into an end-to-end, synergistic solution that integrates medical-grade skincare with aesthetic treatments to deliver enhanced outcomes, prolonged results, and greater patient satisfaction. Beyond the two current offerings, the Novaestiq transaction provides access to a future pipeline of novel injectables in North America.

    Saypha®,2 currently undergoing U.S. Food and Drug Administration (FDA) approval, is recognized globally as a proven, safe and efficacious HA injectable with high levels of patient satisfaction. The new Obagi Medical injectable portfolio is supported by an industry-leading clinical program that reflects the brand’s commitment to science-backed innovation. Core pivotal studies are more than twice the size of typical nasolabial fold (NLF) and midface trials and include the highest representation of Fitzpatrick Skin Types I, V, and VI – underscoring Obagi Medical’s mission to provide effective solutions for all skin types and tones.

    Saypha® is distinguished by its proprietary technology delivering advanced HA treatments through a stable 3D matrix designed to provide natural-looking results with optimally balanced gel characteristics. This technology powers a portfolio of clinically proven products that lead in multiple performance categories including high HA content at injection, ideal gel distribution, and consistent injection force and swelling behavior. Saypha®, a product of Croma-Pharma GmbH, is developed and manufactured in Austria and marketed in over 80 countries, leveraging 40 years of expertise in HA-based treatments with more than 110 million syringes produced. This global reach and deep market insight allow for the delivery of trusted, personalized care to patients and professionals worldwide.

    “We believe that great results start with great skincare and are perfected with great after care,” said Dr. Suzan Obagi, Chief Medical Director at Obagi Medical. “By combining Obagi Medical skincare with injectable procedures under the guidance of a qualified professional, patients can achieve more significant, longer-lasting, and natural-looking results. This acquisition also allows our professionals to offer patients more personalized, higher quality and safer products that their customers are looking for.”

    Obagi Medical’s vision is to become the #1 Dermatological Mega Brand uniquely serving all the needs of physicians, patients and consumers globally. It is already the fastest-growing U.S. professional-skincare brand among the top ten in its category.3 This momentum is powered by a three-pronged strategy: anchoring products in dermatological science, introducing breakthrough innovations, and expanding its global reach.

    Brousset added, “We are thrilled to introduce this new offering that will strengthen Obagi Medical’s market position, drive innovation, and create new growth opportunities in our fast-evolving industry. We see an accelerating global convergence of health, beauty, and aesthetics – an intersection where Obagi Medical is uniquely positioned to lead. We also plan to leverage this acquisition to expand Obagi Medical’s footprint.”

    Transaction Details
    Under the terms of the definitive agreement relating to the transaction, Waldencast has agreed to acquire Novaestiq in exchange for (1) certain amount of cash payable at closing, (2) certain additional ongoing royalties based on net sales of Saypha® products, and (3) the contingent issuance of Waldencast class A shares (equal to approximately 7% of Waldencast’s fully diluted class A shares), based on the receipt of FDA approval relating to the Saypha® products (triggering the issuance of 3,273,000 Waldencast class A shares) and the achievement of cumulative net revenue thresholds of (a) $100 million (triggering the issuance of an additional 3,273,000 Waldencast class A shares) and (b) $200 million (triggering the further issuance of 3,273,000 Waldencast class A shares), respectively, reflecting meaningful long-term commercial targets, with (a) and (b) being earnable until June 20, 2031. The details of the transaction will be summarized in more detail in a Form 6-K that Waldencast will file with the U.S. Securities and Exchange Commission (the “SEC”) following this press release.

    About Waldencast
    Founded by Michel Brousset and Hind Sebti, Waldencast’s ambition is to build a global best-in-class beauty and wellness operating platform by developing, acquiring, accelerating, and scaling conscious, high-growth purpose-driven brands. Waldencast’s vision is fundamentally underpinned by its brand-led business model that ensures proximity to its customers, business agility, and market responsiveness, while maintaining each brand’s distinct DNA. The first step in realizing its vision was the business combination with Obagi Medical and Milk Makeup. As part of the Waldencast platform, its brands will benefit from the operational scale of a multi-brand platform; the expertise in managing global beauty brands at scale; a balanced portfolio to mitigate category fluctuations; asset light efficiency; and the market responsiveness and speed of entrepreneurial indie brands. For more information please visit: https://ir.waldencast.com/.

    About Obagi Medical
    Obagi Medical is an industry-leading, advanced skincare line rooted in research and skin biology, with a legacy of 35+ years of experience. Initially known for its leadership in the treatment of hyperpigmentation with the Obagi Nu-Derm® System, Obagi Medical products are designed to address a variety of skin concerns, including premature aging, photodamage, skin discoloration, acne, and sun damage. As the fastest-growing professional skincare brand in the U.S. in 2024,3 Obagi Medical empowers individuals to achieve healthy, beautiful skin. More information about Obagi is available on the brand’s website, https://www.obagi.com.

    1In preparing for this transaction, Waldencast engaged management consulting services from a reputed global consulting firm. 2Saypha® products are not approved medical devices, and each product has a premarket approval (PMA) application under review by the FDA. 3Among the Top 10 Professional Skin Care Brands in the U.S., according to Kline’s 2024 Global Professional Skin Care Series (China, Europe and the U.S.).

    Advisors
    Holland & Knight LLP is serving as Waldencast’s legal advisor, with support from Skadden, Arps, Slate, Meagher & Flom LLP. Experium Capital Advisers is serving as Waldencast’s financial advisor.

    Forward-Looking Statements
    This press release contains certain forward-looking statements within the meaning of the federal securities laws, including statements regarding the intended benefits of the transaction with Novaestiq, the ability to obtain FDA approval for Saypha®, the contingent issuance of Waldencast class A shares, and the growth strategies of Waldencast, including Obagi Medical and Novaestiq. These forward-looking statements generally are identified by the words “estimates,” “projects,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “would,” “should,” “future,” “propose,” “target,” “goal,” “objective,” “outlook” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the control of Waldencast, Obagi Medical and Novaestiq that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, that may affect actual results or outcomes include, but are not limited to: (i) the inability to recognize the anticipated benefits of the transaction; (ii) the inability to obtain FDA approval for one or both of the Saypha® products; (iii) the general impact of geopolitical events, including the impact of current wars, conflicts and other hostilities; (iv) the overall economic and market conditions, sales forecasts and other information about Waldencast’s possible or assumed future results of operations or our performance; (v) changes in general economic conditions; (vi) the impact of any international trade or foreign exchange restrictions, the imposition of new or increased tariffs, foreign currency exchange fluctuations; (vii) that the price of Waldencast’s securities may be volatile due to a variety of factors, including Waldencast’s, Obagi Medical’s or Novaestiq’s inability to implement their business plans; and (viii) the ability to implement Waldencast’s strategic initiatives and continue to innovate Obagi Medical’s existing products and anticipate and respond to market trends and changes in consumer preferences. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of Waldencast’s Annual Report on Form 20-F for the year ended December 31, 2024, filed with the SEC on March 20, 2025, or in other documents that may be filed or furnished by Waldencast from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Waldencast assumes no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.

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