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Category: Europe

  • MIL-OSI: OZ Studio, a Global Firm with Texas Roots, Showcases Ethical AI Governance Model at the United Nations

    Source: GlobeNewswire (MIL-OSI)

    VIENNA, AUSTRIA , July 22, 2025 (GLOBE NEWSWIRE) — OZ Studio, a global technology firm with offices in Austin, Texas; Geneva, Switzerland; and Monterrey, Mexico, presented a groundbreaking model for municipal governance and ethical artificial intelligence at the United Nations headquarters in Vienna. The presentation marks a significant milestone for the company, which, after 22 years of serving multinational corporations, has pivoted its focus since 2020 toward empowering governments, entrepreneurs, and small businesses with integrated digital platforms.

    Osuna attends sessions at the UN Office on Drugs and Crime that focus on data security and sovereignty.

    The firm, represented by its CEO Daniel Osuna, who also serves on the UN’s AI Council ethics committee, detailed its successful public-private partnerships in the municipalities of Escobedo and Santiago, Mexico. These collaborations showcase a new standard for applying AI ethically at the local government level, a core mission of OZ Studio’s government services division.

    For over two decades, OZ Studio built a reputation for providing high-level services to large multinational companies. However, recognizing a critical gap in the market, the company strategically shifted its focus in 2020. The new mission: to channel its extensive expertise into creating comprehensive digital ecosystems for those who form the backbone of local economies—small and medium-sized enterprises (SMEs) and the public institutions that serve them.

    This new direction is embodied by two of its flagship platforms: LINK360 and the OZZY AI system. LINK360 is a digital empowerment platform that provides local businesses with e-commerce tools and AI-powered marketing, ensuring economic value and data sovereignty remain within the community. OZZY AI is an open-source framework trained for municipal processes, designed with ethical principles like transparency, algorithmic fairness, and cultural adaptation at its core.

    The results of this approach are transformative. Under the leadership of Mayor Andrés Mijes, the city of Escobedo has become a 100% digitized municipality, a remarkable achievement that has streamlined public services and eliminated bureaucratic red tape. In Santiago, Mayor David de la Peña is leveraging the LINK360 program to foster a vibrant local entrepreneurial scene.

    The international community has taken notice. Following the conclusion of the UN activities on Monday, July 22, OZ Studio (https://www.oz.studio) has entered into strategic alliances to explore pilot programs with several nations, including: Spain, Egypt, Georgia, Austria, and Australia. This global interest validates OZ Studio’s model as a scalable solution for governments worldwide seeking to innovate responsibly.

    From its strategic locations in Austin, Geneva, and Monterrey, OZ Studio is now positioned to lead the charge in ethical AI for public service. The company’s evolution from a corporate service provider to a champion for local development demonstrates a powerful vision: leveraging top-tier technology to build self-sustaining, equitable, and prosperous communities from the ground up.

    Presenting the OZZI AI framework and the Public Private Partnership for ethical AI

    About OZ Studio

    At OZ Studio, we are your premier destination for transformative digital solutions, anchored in over two decades of innovation and expertise. We are proud to say that we’ve evolved from pioneering basic email marketing to mastering complex digital strategies and immersive creative experiences. Our comprehensive suite of services spans from state-of-the-art website development to advanced SEO strategies, engaging interactive videos, and cutting-edge AI tools. As true digital architects, we empower our clients by merging top-tier technology with unmatched creative prowess, ensuring every digital interaction is compelling and results-oriented. We revolutionized the traditional digital service model through our productized Creative-as-a-Service (CaaS), which guarantees transparency, efficiency, and scalability. Our subscription-based approach simplifies access to a holistic digital strategy, incorporating a full spectrum of expertly managed creative and technical services. Partner with us at OZ Studio, and let us help elevate your brand to new heights, optimizing every touchpoint in your digital journey for growth and transformation. 

    Press inquiries

    OZ Studio
    https://oz.studio
    Daniel Osuna
    oz@oz.studio
    +12123811969
    5900 Balcones Drive
    Austin, TX 78731

    The MIL Network –

  • MIL-OSI Africa: Irish Ambassador Bids Farewell to Sierra Leone’s President Julius Maada Bio

    Source: APO

    The Ambassador of Ireland to Sierra Leone, Aidan Fitzpatrick, paid a farewell courtesy call on His Excellency President Dr Julius Maada Bio, marking the end of his two-year diplomatic mission in the country.

    In his remarks, Ambassador Fitzpatrick expressed his sincere gratitude to President Bio for receiving him and used the opportunity to congratulate the President on his recent election as Chairman of the Economic Community of West African States (ECOWAS).

    Reflecting on his time in Sierra Leone, Ambassador Fitzpatrick commended the significant progress made under President Bio’s leadership, particularly in advancing women’s rights. He also praised the warmth and hospitality of the Sierra Leonean people and acknowledged the increasing international recognition the country has gained under President Bio’s tenure.

    He further revealed that Ireland is exploring opportunities to expand investment in Sierra Leone, underscoring the deepening of bilateral relations between the two nations.

    In response, President Bio thanked Ambassador Fitzpatrick on behalf of the Government and people of Sierra Leone for his service, dedication, and unwavering support throughout his mission.

    He noted that Sierra Leone recently established an embassy in Ireland, reflecting the long-standing and cordial relations between the two countries.

    “Your leadership and diplomatic style will be missed. You were always present and supportive at diplomatic meetings,” the President recalled. “I wish you success in your future endeavors.”

    Distributed by APO Group on behalf of State House Sierra Leone.

    Media files

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    MIL OSI Africa –

  • MIL-OSI Analysis: A global treaty to limit plastic pollution is within reach – will countries seize the moment?

    Source: The Conversation – UK – By Winnie Courtene-Jones, Lecturer in Marine Pollution, Bangor University

    Bandung, Indonesia. Sony Herdiana/Shutterstock

    Representatives from 175 countries will gather in Geneva, Switzerland, in August for the final round of negotiations on a legally binding UN treaty to end plastic pollution. Non-governmental organisations, academics and industry lobbyists will also be in the room. They will all be hoping to influence what could be the world’s first truly global agreement on plastics.

    The summit, known as “INC-5.2”, follows a failed attempt to reach agreement in Busan, South Korea, late last year. That meeting ended without resolving important issues, despite hopes that it would conclude the treaty process. Now, it’s crunch time in Geneva.

    Either countries bridge their political divides, or risk the whole process falling apart.

    I’ve been researching the effects of plastic for more than a decade and have been involved in the UN treaty process since 2022. I’ve attended several of the negotiations and will be in Geneva next month. The science is clear: we need ambitious action which tackles every stage of the plastics lifecycle, from production through to disposal. But the question is, will countries deliver?

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

    In 2022, the UN Environment Assembly agreed to develop a legally binding treaty to end plastic pollution. Since then, progress has been slow. Negotiations have repeatedly stalled over issues such as whether the treaty should limit plastic production or regulate chemicals, how to define terms, and how to fund implementation.

    Industry lobbying has also played a powerful role throughout. At the last round of talks, lobbyists for the petrochemical and plastics industries made up the single largest delegation. They outnumbered representatives from the EU, all of Latin America, the Pacific islands, independent scientists and Indigenous communities. This imbalance threatens to weaken the science-based action that is urgently needed.

    Although countries failed to reach agreement in Busan, a foundation was laid. They agreed to continue negotiations using the “chair’s text”, which is a draft treaty with multiple options still on the table. That document forms the starting point in Geneva. But it remains uncertain whether enough common ground can be found to finalise the text.

    What’s at stake?

    This treaty is a once-in-a-generation chance to tackle one of the world’s most urgent environmental crises. More than 450 million tonnes of plastic are produced every year. That figure is expected to double by 2045 if current trends continue.

    Only around 9% of plastic is ever recycled. The rest is landfilled, incinerated or ends up polluting the environment.

    An estimated 139 million tonnes of plastics pollute marine and fresh water. But that could be significantly higher when considering leakages of plastics to land, and from microplastics, which are plastics smaller than 5mm in diameter.

    Plastic is found in the deepest oceans, the remotest mountains and inside the human body. While scientists are only beginning to understand the long-term implications for human health, biodiversity and climate, studies show harmful effects of plastics and their chemicals on animals and ecosystems.

    Plastic pollution doesn’t respect national borders. It moves through rivers, oceans and air, and gets carried across continents. Global supply chains and waste exports have made this a problem no country can solve alone. That’s why a global treaty is essential.

    Crossroads

    Despite this growing urgency, a disparity in positions has hindered progress and continues to divide delegations.

    Some, such as members of the High Ambition Coalition, a group of countries committed to progressive climate action, want strong rules to cap plastic production, phase out toxic chemicals and hold polluters accountable. Others, often with prominent petrochemical industries, argue for a weaker, voluntary approach focused mainly on recycling and waste management.



    Read more:
    A global plastic treaty will only work if it caps production, modelling shows

    If these divisions aren’t resolved, there’s a real risk the treaty will end up being too watered down to make a difference. A patchy, fragmented agreement would fail to curb rising plastic production and could undermine the integrity of global action.

    Between December’s meeting in Busan and next month’s talks, countries have been holding smaller meetings to try to find compromise. That momentum must now be carried into the final negotiations.

    Important articles in the draft treaty, including those on chemicals and products, plastic production and finance, remain contested. Whether those provisions are strengthened or diluted will shape the treaty’s effects for decades to come.

    Flexibility will be needed. But leadership is also crucial. Countries that support an ambitious outcome must stand firm and bring others with them.

    As we approach what may be the final negotiating round, we’re at a critical crossroads. The world has the chance to take meaningful action on plastic pollution. Let’s not waste it.

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

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

    Winnie Courtene-Jones is an unpaid member and working-group lead of the Scientists’ Coalition for an Effective Treaty; an International network of independent scientific and technical experts contributing robust scientific evidence to the Treaty process.

    – ref. A global treaty to limit plastic pollution is within reach – will countries seize the moment? – https://theconversation.com/a-global-treaty-to-limit-plastic-pollution-is-within-reach-will-countries-seize-the-moment-261331

    MIL OSI Analysis –

  • MIL-OSI: Blue Navy Recovery Ramps Up Services to Handle Increased Claims for Unclaimed Property in Georgia

    Source: GlobeNewswire (MIL-OSI)

    Irvine, CA, July 22, 2025 (GLOBE NEWSWIRE) — Blue Navy Recovery, a professional unclaimed property recovery firm, announced today the expansion of its service operations in Georgia to manage a growing volume of state-held asset claims. This move reflects growing demand for unclaimed property recovery in Georgia—delivering trusted, no-upfront-cost recovery assistance for individuals and families.

    Blue Navy Recovery expands service operations to address growing unclaimed property recovery needs in Georgia.

    With experience navigating Georgia’s complex claims process, Blue Navy Recovery offers full-service handling—from eligibility checks and paperwork to agency communication and verification. Clients don’t need to interact with government agencies or decipher procedural forms; the firm takes on the entire burden. This expansion comes as Blue Navy continues to see success through a growing number of client-reported outcomes on Google, demonstrating how its personalized service model helps claimants navigate the system efficiently.

    “We’ve seen a spike in demand across Georgia, and this expansion is about meeting that need with speed and integrity,” said David Dorfman, Managing Partner at Blue Navy Recovery. “Every successful recovery tells a story—and we’re here to make sure more Georgians are part of that success.”

    This announcement comes alongside a similar announcement that the company is increasing services across the Unclaimed Property in California service as well.

    The firm’s model is performance-based, meaning clients owe nothing unless their claim is successfully paid. Each case is personally managed by trained recovery specialists—not automated systems—ensuring accuracy and personal support. Client experiences shared on platforms such as Google and Yelp reinforce the impact Blue Navy is making across the Southeast. The company recently celebrated their 200th successful unclaimed property recovery case alongside their 40th 5-star review, a story that was picked up by media outlets like Yahoo! Finance, Business Insider, and Globe Newswire.

    Blue Navy’s personalized guidance and support materials make it easy for residents to determine eligibility and understand the Georgia claims process. Clients can explore the process, read relevant user studies, and get started at the official website.

    Logo of Blue Navy Recovery, a trusted leader supporting unclaimed property claims across Georgia.

    About Blue Navy Recovery

    Blue Navy Recovery is a professional unclaimed property recovery firm that helps individuals and families recover lost or forgotten funds held by the state. With deep experience navigating the claims process in California and Georgia, we’ve helped return millions of dollars to rightful owners. We handle the paperwork, follow-ups, and filing — so you don’t have to. Our team only collects a percentage of the recovered amount, with no upfront cost. 

    Press inquiries

    Blue Navy Recovery
    https://www.bluenavy.org
    David Dorfman
    david@bluenavy.org
    (619) 215-1972

    The MIL Network –

  • MIL-OSI Russia: China’s non-bank financial sector recorded $127.3 billion in cross-border capital inflows in the first half of the year

    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 22 (Xinhua) — China’s non-bank financial sector saw cross-border capital inflows of $127.3 billion in the first half of 2025, maintaining the trend of net inflows that began in the second half of last year, the State Administration of Foreign Exchange said Tuesday.

    According to the agency, non-bank financial institutions, including enterprises and individuals, recorded cross-border income and expenses of $7.6 trillion, a historical maximum for the same period. Notably, the yuan accounted for about 53 percent of cross-border settlements.

    The agency said China’s balance of payments remains balanced and the country’s foreign exchange market continues to operate stably and orderly. -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 United Nations: ‘Peace is a choice’: UN chief urges diplomacy as wars spread from Gaza to Ukraine

    Source: United Nations 2

    This is the only sustainable path to global security, he told ministers at a high-level open debate of the Security Council on Tuesday.

    The Secretary-General emphasised that the UN Charter’s tools – negotiation, mediation, conciliation, arbitration and more – remain a lifeline when tensions escalate, grievances fester and states lose trust in each other.

    These tools are needed now more than ever, he stressed, as conflicts rage and international law is violated with impunity.

    “The cost is staggering – measured in human lives, shattered communities and lost futures. We need look no further than the horror show in Gaza – with a level of death and destruction without parallel in recent times.”

    The risk of starvation looms and aid operations are being denied the space and safety to function. UN premises, such as the UN Office for Project Services (UNOPS) and the World Health Organization (WHO)’s main warehouse, have been hit despite parties being notified of their locations.

    “These premises are inviolable and must be protected under international humanitarian law – without exception,” Mr. Guterres reiterated.

    Peace is a choice – make it

    From Gaza to Ukraine, from the Sahel to Sudan, Haiti and Myanmar, “conflict is raging, international law is being trampled, and hunger and displacement are at record levels,” he continued, adding that terrorism, violent extremism and transnational crime also remain “persistent scourges” pushing security further out of reach.

    “Peace is a choice. And the world expects the Security Council to help countries make this choice.”

    Mr. Guterres pointed to the UN Charter’s bedrock obligation in Article 2.3 that “all Members shall settle their international disputes by peaceful means”, and to Chapter VI, which empowers the Security Council to support “negotiation, enquiry, mediation, conciliation, arbitration, judicial settlement, resort to regional agencies or arrangements, or other peaceful means of their own choice.”

    Action 16 of last year’s Pact for the Future urges states to recommit to preventive diplomacy, he said, commending Pakistan – the Council President for July – for tabling a resolution encouraging fuller use of those tools, which was adopted unanimously at the meeting.

    UN Photo/Manuel Elías

    Secretary-General António Guterres addresses the Security Council high-level open debate.

    P5 must overcome divisions

    Security Council members – “in particular its permanent members” – must overcome divisions, the Secretary-General said, reminding them that even during the Cold War, Council dialogue underpinned peacekeeping missions and humanitarian access, and helped prevent a third world war.

    He urged members to keep channels open, build consensus and make the body “more representative” of today’s geopolitical realities with more inclusive, transparent and accountable working methods.

    Mr. Guterres also urged deeper cooperation with regional and subregional organizations.

    Mediation can work even amid war, he said, noting the third anniversary of the Black Sea Initiative and a related memorandum with Russia that enabled grain movements during the conflict in Ukraine.

    Renew commitment to multilateralism

    States must honour their obligations under the Charter; international human rights, refugee and humanitarian law, and the principles of sovereignty, territorial integrity and political independence, Mr. Guterres said.

    “As we mark the 80th anniversary of our Organization and the Charter that gave it life and shape, we need to renew our commitment to the multilateral spirit of peace through diplomacy,” he said.

    “I look forward to working with you to achieve the international peace and security the people of the world need and deserve.”

    Security Council open debate

    A signature event of the Pakistani presidency, Tuesday’s open debate was chaired by Deputy Prime Minister and Foreign Minister Mohammad Ishaq Dar.

    The session aimed to assess the effectiveness of existing mechanisms for pacific dispute settlement, examine best practices and explore new strategies for tackling protracted conflicts.

    It also sought to enhance cooperation with regional organizations, boost capacity-building and resource mobilisation, and align future efforts with the conflict-prevention vision outlined in the Pact for the Future.

    MIL OSI United Nations News –

  • MIL-OSI United Nations: Deep dive into the International Seabed Authority: Why it matters now

    Source: United Nations 2

    At a time when the international community seeks to regulate the rich tapestry of the planet’s ocean floors while countries and corporations speed towards deep-sea mining opportunities, here’s what you need to know about ISA and why it matters now:

    What does it do?

    ISA manages the mineral resources of the seabed beyond national jurisdiction, which covers 54 per cent of the world’s oceans, for “the shared benefit of all humankind”.

    Created by the UN Convention on the Law of the Sea in 1994, ISA is aims to ensure that all economic activities in the deep seabed, including mining, are regulated and responsibly managed.

    Mandated to ensure the effective protection of the marine environment from harmful effects that may arise from deep-seabed-related activities, its work also contributes to the 2030 Agenda for Sustainable Development.

    Seabeds contain rich fauna and an array of rare earth minerals.

    Why it matters now?

    As the world’s only international body that focuses on the deep-sea area beyond national borders, ISA aims to address pressing concerns, from plastic waste littering oceans to the race to secure rare earth minerals to quench the world’s insatiable thirst for lithium batteries and a range of tech items.

    What kind of rare earth minerals are on the ocean floor? Copper, cobalt, gold, lanthanum, neodymium, nickel, silver, yttrium and zinc to name a few.

    Right now, countries can pursue deep-sea mining within their own territorial waters or “exclusive economic zones”. But, under international law, the deep seabed belongs to no single country or corporation, ISA Secretary-General Leticia Carvalho wrote in a recent op-ed.

    “It is our common heritage,” she said.

    An active volcano on the ocean floor.

    What’s the draft mining code?

    Right now, nations are looking for ever more sources of rare earth minerals to meet demand for renewable energy technologies and such items as mobile phones and computers. The deep-sea contains a plethora of supplies. That’s where the draft mining code comes in.

    During its 30th session, ISA members are working on a draft code that would protect the marine environment and build a foundation for ensuring that any activities in the deep-sea area are conducted responsibly and in line with environmental sustainability principles as well as benefitting all of humanity.

    A food container seen resting at 4,947m on the slopes of an underwater canyon near the North Marianas Islands in the Pacific Ocean.

    Tackling the ‘missing plastics paradox’

    Plastic pollution is another part of the problem. To address this and other pressing issues, ISA members adopted a global research agenda in July 2020, serving as an action plan for marine scientific research with six strategic priorities that include advancing knowledge of deep-sea ecosystems, promoting data sharing and providing insights into the scientific landscape of plastics in the deep-sea.

    This latter growing global challenge has potential consequences for the sustainable use of oceans. In 2019, the plastics industry produced over 450 million tonnes of plastic, a figure expected to rise in the coming decades and is likely to increase pressure on marine environments and species. Yet, a portion of plastics entering the oceans remains unaccounted for, a phenomenon known as the “missing plastics paradox”.

    Some researchers suggest that the deep sea may act as a sink for plastic debris, where their prolonged persistence could pose risks to these environments.

    Acorn worms were one of the many types of fauna observed in the deep-sea around the North Marianas Islands in the Pacific Ocean.

    The world’s new deep-sea biobank

    ISA has also just begun filling its new biobank, launched in June on the margins of the UN Ocean Conference in Nice, France. The Deep-Sea Biobank Initiative (DBI) aims to enhance access to deep-sea biological samples and genetic data collected from the international seabed area.

    Designed to promote deep-sea research and inclusive scientific collaboration, particularly for developing States, the initiative will establish a global repository of biological samples and develop standard operating procedures to enhance data quality, sharing and use by stakeholders.

    “The DBI is ISA’s response to a growing need to advance research, share data, build capacity and facilitate access to deep-sea knowledge, particularly for developing States,” said the authority’s chief Carvalho. “We aim to create standardised and equitable pathways for scientific collaboration, empowering countries and institutions to explore, understand and protect the ocean’s most remote ecosystems.”

    The International Seabed Authority has emerged as a central institution of global ocean architecture, charting a course towards responsible and sustainable use.

    ‘DeepData’ diving

    The wealth of data and information ISA has collected has been critical to shaping environmental management plans. Every data byte collected through deep-sea exploration adds critical new information about life in the ocean and assists with decision making.

    In launching the DeepData database in 2019, ISA made publicly available for the first time the biggest and most complete global repository of environmental data and information on the deep-sea area.

    Exactly how much data has been collected? As of May 2023, DeepData contained over 10 terabytes, roughly equivalent to 6.9 million Instagram uploads. Widely used around the world, it had about 2.4 million hits from visitors in 2022 alone and more than 160 citations in scientific publications.

    Learn more about ISA here.

    • The International Seabed Authority (ISA) has 170 members
    • ISA is an autonomous intergovernmental organization established by the UN
    • Members meet annually to address pressing issues
    • The 30th session concludes with the ISA assembly meeting from 21 to 25 July in Kingston, Jamaica

    MIL OSI United Nations News –

  • Defence, diaspora and digital: PM Modi’s UK trip to reinforce bilateral agenda

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi will undertake a two-nation visit from July 23 to 26, starting with the United Kingdom at the invitation of British Prime Minister Keir Starmer. This will be his fourth official visit to the UK, reaffirming the growing depth and breadth of India-UK ties, particularly in defence, innovation, healthcare, education, and diaspora engagement.

    Defence cooperation between the two countries spans joint exercises, technological collaboration, and knowledge exchange. The Indian and British armed forces regularly participate in bilateral and multilateral drills. In 2023, the Indian Navy joined Exercise Konkan in the Arabian Sea, while the Indian Air Force took part in Exercise Cobra Warrior at Royal Air Force Waddington. The Indian Army participated in the seventh edition of Exercise Ajeya Warrior held in Salisbury, UK. A major multinational air exercise, Exercise Tarang Shakti, is scheduled for August 2024. These engagements reflect a strategic partnership aimed at enhancing operational synergy and promoting indigenous defence production under India’s Make in India initiative.

    In the area of science and technology, India and the UK have established themselves as close partners, with joint research programmes amounting to $387–516 million (approx. £300–400 million). The India-UK Science and Innovation Council, which convenes biennially, provides the framework for cooperation in emerging technologies such as artificial intelligence, clean energy, pandemic preparedness, and quantum science. During the April 2023 SIC meeting in the UK, an MoU was signed for expanded collaboration, including the creation of a new India-UK Net Zero Innovation Virtual Centre focused on industrial decarbonisation. India was also named a partner country in the UK’s International Science Partnership Fund, building upon the Newton-Bhabha Fund legacy.

    Healthcare cooperation saw a pivotal moment during the COVID-19 pandemic, particularly with the joint development of the AstraZeneca vaccine by the UK and the Serum Institute of India. In July 2022, both nations signed the India-UK Framework Agreement for collaboration on healthcare workforce, aiming to streamline the recruitment and training of healthcare professionals. As per UK government data from June 2023, 60,533 Indian nationals are working in the National Health Service (NHS), the second-highest after British citizens. Among doctors in the NHS, 18 percent are of Asian origin, including 10,865 Indians. There are 31,992 Indian nurses and 11,499 clinical support staff, reflecting India’s critical contribution to the UK’s healthcare system.

    Education continues to be a key pillar of the bilateral relationship. The number of Indian students enrolling in UK universities has consistently risen since 2015-16, with an estimated 170,000 currently studying in the country. A landmark development under India’s New Education Policy: the University of Southampton’s Gurugram campus was recently inaugurated, becoming the first fully operational foreign university campus in India under UGC regulations. Further boosting collaboration, both nations signed a mutual recognition of academic qualifications MoU in July 2022.

    Mobility and migration are being actively facilitated under the Migration and Mobility Partnership Agreement signed in May 2021. The Young Professional Scheme, announced in November 2022 by Prime Ministers Narendra Modi and Rishi Sunak on the sidelines of the G20 Bali Summit, enables 3,000 young graduates between 18 and 30 years of age to live and work in each other’s countries for up to two years.

    The Indian diaspora in the UK remains a cornerstone of bilateral relations. According to the 2021 Census, 1.864 million people of Indian origin reside in the UK, forming 2.6 percent of its population. Of these, 369,000 hold Indian passports. The diaspora has made significant contributions across academia, medicine, science, arts, business, and politics. A report by Grant Thornton and FICCI in 2022 identified over 65,000 Indian diaspora-owned businesses in the UK. Among them, 654 companies with annual revenues exceeding $129,000 (approx. £100,000) together generated $47.5 billion (approx. £36.84 billion) in revenue, paid over $1.29 billion (approx. £1 billion) in corporate taxes, invested more than $2.58 billion (approx. £2 billion) in capital expenditure, and supported over 174,000 jobs.

  • MIL-OSI United Nations: Supercharging Clean Energy Will Repair Humankind’s Relationship with Climate, Fuel Economic Growth, Secretary-General Says, Noting $2 Trillion Invested in 2024

    Source: United Nations General Assembly and Security Council

    Following is UN Secretary-General António Guterres’ address on climate action “A Moment of Opportunity:  Supercharging the Clean Energy Age”, in New York today:

    The headlines are dominated by a world in trouble.  By conflict and climate chaos.  By rising human suffering.  By growing geopolitical divides.  But amidst the turmoil, another story is being written.  And its implications will be profound.

    Throughout history, energy has shaped the destiny of humankind — from mastering fire to harnessing steam to splitting the atom.  Now, we are on the cusp of a new era.  Fossil fuels are running out of road.  The sun is rising on a clean energy age.

    Just follow the money.  Two trillion dollars went into clean energy last year — that’s $800 billion more than fossil fuels and up almost 70 per cent in 10 years.  And new data released today from the International Renewable Energy Agency shows that solar — not so long ago four times the cost of fossil fuels — is now 41 per cent cheaper.  Offshore wind — 53 per cent. And over 90 per cent of new renewables worldwide produced electricity for less than the cheapest new fossil fuel alternative.

    This is not just a shift in power.  This is a shift in possibility.  Yes, in repairing our relationship with the climate.  Already, the carbon emissions saved by solar and wind globally are almost equivalent to what the whole European Union produces in a year.

    But this transformation is fundamentally about energy security and people’s security.  It’s about smart economics.  Decent jobs, public health, advancing the Sustainable Development Goals.  And delivering clean and affordable energy to everyone, everywhere.

    Today, we are releasing a special report with the support of UN agencies and partners — the International Energy Agency, the International Monetary Fund (IMF), International Renewable Energy Agency, the Organisation for Economic Cooperation and Development (OECD) and the World Bank.

    The report shows how far we have come in the decade since the Paris Agreement sparked a clean energy revolution.  And it highlights the vast benefits — and actions needed — to accelerate a just transition globally.

    Renewables already nearly match fossil fuels in global installed power capacity.  And that’s just the beginning.  Last year, almost all the new power capacity built came from renewables.  And every continent on Earth added more renewables capacity than fossil fuels.  The clean energy future is no longer a promise.  It’s a fact.  No government.  No industry. No special interest can stop it.

    Of course, the fossil fuel lobby of some fossil fuel companies will try — and we know the lengths to which they will go. But I have never been more confident that they will fail — because we have passed the point of no return.

    For three powerful reasons.  First, market economics.  For decades, emissions and economic growth rose together.  No more.  In many advanced economies, emissions have peaked, but growth continues.

    In 2023 alone, clean energy sectors drove 10 per cent of global gross domestic product (GDP) growth.  In India, 5 per cent.  The United States, 6 per cent.  China — a leader in the energy transition — 20 per cent.  And in the European Union, nearly 33 per cent.  And clean energy sector jobs now outnumber fossil fuel jobs — employing almost 35 million people worldwide.

    Even Texas — the heart of the American fossil fuel industry — now leads the United States in renewables.  Why?  Because it makes economic sense.

    And yet fossil fuels still enjoy a 9-to-1 advantage in consumption subsidies globally — a clear market distortion.  Add to that the unaccounted costs of climate damages on people and planet — and the distortion is even greater.

    Countries that cling to fossil fuels are not protecting their economies — they are sabotaging them.  Driving up costs.  Undermining competitiveness.  Locking in stranded assets.  And missing the greatest economic opportunity of the twenty-first century.

    Second — renewables are here to stay because they are the foundation of energy security and sovereignty. Let’s be clear:  The greatest threat to energy security today is in fossil fuels.  They leave economies and people at the mercy of price shocks, supply disruptions and geopolitical turmoil.  Just look at Russia’s invasion of Ukraine.  A war in Europe led to a global energy crisis.  Oil and gas prices soared.  Electricity and food bills followed.  In 2022 average households around the world saw energy costs jump 20 per cent.

    Modern and competitive economies need stable, affordable energy. Renewables offer both.  There are no price spikes for sunlight.  No embargoes on wind.  Renewables can put power — literally and figuratively — in the hands of people and governments.  And almost every nation has enough sun, wind, or water to become energy self-sufficient.  Renewables mean real energy security.  Real energy sovereignty.  And real freedom from fossil-fuel volatility.

    The third and final reason why there is no going back on renewables: Easy access.  You can’t build a coal plant in someone’s backyard.  But you can deliver solar panels to the most remote village on Earth.  Solar and wind can be deployed faster, cheaper and more flexibly than fossil fuels ever could.  And while nuclear will be part of the global energy mix, it can never fill the access gaps.

    All of this is a game changer for the hundreds of millions of people still living without electricity — most of them in Africa, a continent bursting with renewable potential. By 2040, Africa could generate 10 times more electricity than it needs — entirely from renewables.

    We are already seeing small-scale and off-grid renewable technologies lighting homes, and powering schools and businesses in remote areas.  And in places like Pakistan for example, people power is fuelling a solar surge — consumers are driving the clean energy boom.

    The energy transition is unstoppable.  But the transition is not yet fast enough or fair enough.  OECD countries and China account for 80 per cent of renewable power capacity installed worldwide.  Brazil and India make up nearly 10 per cent.  Africa — just 1.5 per cent.

    Meanwhile, the climate crisis is laying waste to lives and livelihoods.  Climate disasters in small island States have wiped out over 100 per cent of GDP.  In the United States, they are pushing insurance premiums through the roof.

    And the 1.5-degree limit is in unprecedented peril.  To keep it within reach, we must drastically speed up the reduction of emissions — and the reach of the clean energy transition.  With manufacturing capacity racing, prices plummeting, and COP30 [Thirtieth Session of the Conference of the Parties to the United Nations Framework Convention on Climate Change] fast approaching…  This is our moment of opportunity.  We must seize it.  We can do so by taking action in six opportunity areas.

    First — by using new national climate plans to go all-out on the energy transition.  Too often, governments send mixed messages:  Bold renewable targets on one day.  New fossil fuel subsidies and expansions the next.

    The next national climate plans, or NDCs, are due in a matter of months.  They must bring clarity and certainty.  Group of Twenty (G20) countries must lead. They produce 80 per cent of global emissions.  The principle of common but differentiated responsibilities must apply but every country must do more.  Ahead of COP30 in Brazil this November, they must submit new plans.

    I invite leaders to present their new NDCs at an event I will host in September, during General Assembly High-level week.   These must: cover all emissions, across the entire economy; align with the 1.5-degree limit; integrate energy, climate and sustainable development priorities into one coherent vision; and deliver on global promises to double energy efficiency and triple renewables capacity by 2030, and to accelerate the transition away from fossil fuels.  These plans must be backed by long-term road maps for a just transition to net-zero energy systems — in line with global net-zero by 2050.

    And they must be underpinned by policies that show that the clean energy future is not just inevitable — but investable.  Policies that create clear regulations and a pipeline of projects.  That enhance public-private partnerships — unlocking capital and innovation.  That put a meaningful price on carbon.  And that end subsidies and international public finance for fossil fuels — as promised.

    Second, this is our moment of opportunity to build the energy systems of the twenty-first century.  The technology is moving ahead.  In just 15 years, the cost of battery storage systems for electricity grids has dropped over 90 per cent.

    But here’s the problem.  Investments in the right infrastructure are not keeping up.  For every dollar invested in renewable power, just 60 cents go to grids and storage.  That ratio should be one-to-one.

    We are building renewable power — but not connecting it fast enough.  There’s three times more renewable energy waiting to be plugged into grids than was added last year.  And fossil fuels still dominate the global total energy mix.

    We must act now and invest in the backbone of a clean energy future:  In modern, flexible and digital grids — including regional integration.  In a massive scale-up of energy storage.  In charging networks — to power the electric vehicle revolution.

    On the other hand, we need energy efficiency but also electrification — across buildings, transport and industry. This is how we unlock the full promise of renewables — and build energy systems that are clean, secure and fit for the future.

    Third, this is our moment of opportunity to meet the world’s surging energy demand sustainably.  More people are plugging in.  More cities are heating up — with soaring demand for cooling.  And more technologies — from AI to digital finance — are devouring electricity.  Governments must aim to meet all new electricity demand with renewables.

    AI can boost efficiency, innovation and resilience in energy systems.  And we must take profit in it.  But it is also energy hungry.  A typical AI data centre eats up as much electricity as 100,000 homes.  The largest ones will soon use 20 times that.  By 2030, data centres could consume as much electricity as all of Japan does today.

    This is not sustainable — unless we make it so.  And the technology sector must be out front.  Today I call on every major tech firm to power all data centres with 100 per cent renewables by 2030.

    And — along with other industries — they must use water sustainably in cooling systems.  The future is being built in the cloud.  It must be powered by the sun, the wind and the promise of a better world.

    Fourth, this is the moment of opportunity for a just energy transition. The clean energy that we must deliver must also deliver equity, dignity and opportunity for all.

    That means governments leading a just transition.  With support, education and training — for fossil fuel workers, young people, women, Indigenous Peoples and others — so that they can thrive in the new energy economy.  With stronger social protection — so no one is left behind.  And with international cooperation to help low-income countries that are highly-dependent on fossil fuels and struggling to make the shift.

    But justice doesn’t stop here.  The critical minerals that power the clean energy revolution are often found in countries that have long been exploited.  And today, we see history repeating.  Communities mistreated.  Rights trampled.  Environments trashed.  Nations stuck at the bottom of value chains — while others reap rewards.  And extractive models digging deeper holes of inequality and harm.  This must end.

    Developing countries can play a major role in diversifying sources of supply. The UN Panel on Critical Energy Transition Minerals has shown the way forward — with a path grounded in human rights, justice and equity.

    Today, I call on governments, businesses and civil society to work with us to deliver its recommendations.  Let’s build a future that is not only green — but just.  Not only fast — but fair.  Not only transformative — but inclusive.

    Fifth, we have a moment of opportunity to use trade and investment to supercharge the energy transition.  Clean energy needs more than ambition.  It needs access — to technologies, materials and manufacturing.

    But these are concentrated in just a few countries.  And global trade is fragmenting.

    Trade policy must support climate policy.  Countries committed to the new energy era must come together to ensure that trade and investment drive it forward.  By building diverse, secure and resilient supply chains.  By cutting tariffs on clean energy goods.  By unlocking investment and trade — including through South-South cooperation. And by modernizing outdated investment treaties — starting with Investor-State Dispute Settlement provisions.

    Today, fossil fuel interests are weaponizing these provisions to delay the transition, particularly in several developing countries.  Reform is urgent.  The race for the new must not be a race for the few.  It must be a relay — shared, inclusive and resilient.  Let’s make trade a tool for transformation.

    Sixth and finally, this is our moment of opportunity to unleash the full force of finance — driving investment to markets with massive potential.  Despite soaring demand and vast renewables potential — developing countries are being locked out of the energy transition.

    Africa is home to 60 per cent of the world’s best solar resources.  But it received just 2 per cent of global clean energy investment last year.  Zoom out, and the picture is just as stark.

    In the last decade, only 1 in every 5 clean energy dollars went to emerging and developing countries outside China.  To keep the 1.5-degree limit alive — and deliver universal energy access – annual clean energy investment in those countries must rise more than fivefold by 2030.

    That demands bold national policies.  And concrete international action to:  Reform the global financial architecture.  Drastically increase the lending capacity of multilateral development banks — making them bigger, bolder and better able to leverage massive amounts of private finance at reasonable costs.  And take effective action on debt relief — and scale up proven tools like debt for climate swaps.

    Today, developing countries pay outlandish sums for both debt and equity financing — in part because of outdated risk models, bias and broken assumptions that boost the cost of capital.  Credit ratings agencies and investors must modernize.

    We need a new approach to risk that reflects:  the promise of clean energy; the rising cost of climate chaos; and the danger of stranded fossil fuel assets.  I urge parties to unite to solve the complex challenges facing some developing countries in the energy transition — such as early retirement of coal plants.

    The fossil fuel age is flailing and failing.  We are in the dawn of a new energy era.  An era where cheap, clean, abundant energy powers a world rich in economic opportunity.  Where nations have the security of energy autonomy.  And the gift of power is a gift for all.

    That world is within reach.  But it won’t happen on its own.  Not fast enough.  Not fair enough.  It is up to us.  We have the tools to power the future for humanity.  Let’s make the most of them.  This is our moment of opportunity.

    MIL OSI United Nations News –

  • MIL-OSI USA: Amid GOP Assault on Healthcare, Pressley, Duckworth, DeGette, Schakowsky, Frost, Colleagues Unveil EACH Act, Keep Up Fight for Reproductive Justice

    Source: United States House of Representatives – Congresswoman Ayanna Pressley (MA-07)

    Lawmakers File EACH Act to End Hyde Amendment, Lift Unjust Abortion Coverage Restrictions on Medicaid, Other Government Sponsored Plans

    Follows Passage of Big, Ugly Bill that Guts Medicaid, Defunds Planned Parenthood, Further Restricts Healthcare

    Bill Text (PDF) | Floor Speech (YouTube)

    WASHINGTON – Today, as Republicans continue their assault on healthcare, Congresswoman Ayanna Pressley (MA-07), Co-Chair of the Reproductive Freedom Caucus, and Senator Tammy Duckworth (D-IL), along with Congresswoman Diana DeGette (CO-01), Co-Chair of the Reproductive Freedom Caucus, Congresswoman Jan Schakowsky (IL-09), Congressman Maxwell Frost (FL-10), and Senators Patty Murray (D-WA) and Mazie Hirono (D-HI), led their colleagues in reintroducing the Equal Access to Abortion Coverage in Healthcare (EACH) Act, bold legislation to guarantee abortion coverage—regardless of how a patient gets their health insurance. The lawmakers’ bill follows the enactment of Trump and Republicans’ Big, Ugly Bill, which will gut Medicaid, defund Planned Parenthood health centers, and push essential reproductive care further out of reach for millions of people.

    The EACH Act ends the discriminatory Hyde Amendment and lifts unjust abortion coverage restrictions for those who depend on Medicaid and other government-sponsored plans. The bill affirms the fundamental right to abortion care and helps ensure everyone can get the reproductive healthcare they need, regardless of income, insurance, or zip code.

    Rep. Pressley unveiled the bill in a floor speech last night. Full video of that speech is available here.

    “Abortion care is health care, and health care is a human right. With Trump and Republicans advancing a cruel, coordinated assault on our bodily autonomy—gutting Medicaid, defunding Planned Parenthood, and decimating access to care—we must use every tool available to protect and expand reproductive healthcare,” said Congresswoman Pressley, Co-Chair of the Reproductive Freedom Caucus. “The EACH Act would help us do just that. By repealing the racist and discriminatory Hyde Amendment, which has denied necessary care for vulnerable communities for nearly half a century, our bill would help ensure everyone in America can get the reproductive healthcare they need, regardless of income, insurance, or zip code. I’m grateful to Senator Duckworth and our colleagues for their partnership on this critical priority.”

    “Ever since Trump’s far-right Supreme Court majority struck down Roe, Republicans have made it their mission to strip away a woman’s right to reproductive health care—a right they have no place to stand in the way of,” said Senator Duckworth. “As Republicans’ Big, Beautiful Betrayal kicks millions off their health care, we must act to help strengthen access to abortion coverage for low-income Americans, servicemembers and millions more—no matter their zip code. I’m proud to reintroduce this legislation alongside my colleagues so we can do just that.”

    “For nearly 50 years, the Hyde Amendment has been Republicans’ go-to tool for chipping away at abortion rights, denying coverage to the most vulnerable communities,” said Rep. DeGette, Co-Chair of the Reproductive Freedom Caucus. “Now, they’re doubling down with the Big Bad Bill, blocking Medicaid patients from accessing any kind of care, not only abortion care, but also birth control and cancer screenings, at Planned Parenthood. The EACH Act is how we fight back, guaranteeing access to abortion care—no matter your income, your insurance, or your ZIP code”

    “The Hyde Amendment is a racist, discriminatory policy designed to put reproductive and economic freedom out of reach for women of color and low-income women who need an abortion. By restricting Medicaid coverage of abortion, the Hyde Amendment robs those working to make ends meet of the freedom to control their lives and decisions about what is best for their families,” said Congresswoman Jan Schakowsky. “Keeping the Hyde Amendment in place is yet another way for Trump and the extremists in the GOP to limit peoples’ reproductive freedom. Every person should have the freedom to make their own reproductive health care decisions regardless of their income, race, where they work, what zip code they live in, or how they get their insurance. That is why our bill, the EACH Act, will finally repeal the harmful Hyde Amendment. Abortion is health care and health care is a human right.”

    “Women should be able to get the abortion care they need no matter where they live or how much money they have. But for decades, the Hyde Amendment and similar abortion restrictions have blocked low-income women from getting the health care they need and wrongfully divided abortion care from health care for no other reason than Republican politicians’ extreme anti-choice views,” said Senator Murray. “The EACH Act would get rid of the Hyde Amendment and related abortion coverage bans that endanger the health and lives of women who rely on Medicaid or other government-sponsored health coverage. I will always fight to end Hyde and other unjust policies that allow politicians to interfere with women’s ability to make decisions about their bodies, their lives, and their futures.”

    “As Republicans gut Medicaid, defund Planned Parenthoods nationwide, and continue their onslaught of attacks on our bodily autonomy, the Hyde Amendment and other federal coverage restrictions are discriminatory barriers that continue to prevent access to safe and legal abortion care,” said Senator Hirono. “Everyone deserves access to reproductive health care. By ending the Hyde Amendment and expanding coverage for abortion services, the EACH Act would help guarantee abortion access for all, protecting our reproductive rights and our ability to make decisions about our own bodies.”

    “Everyone should have the freedom to control their own lives and bodies, no matter their income, race, or zip code,” said Nourbese Flint, President of All* Above All. “For too long, restrictions like the Hyde Amendment have robbed people working to make ends meet of their ability to make personal decisions about their health, families, and futures. In a time of escalating attacks on reproductive freedom – and efforts to defund Planned Parenthood, shut down clinics, and restrict care – the EACH act sets a powerful standard and helps to end racist and classist health care restrictions. We are proud to support this visionary bill to expand abortion access and ensure coverage for all.”

    Trump and Republicans’ Big, Ugly Bill, which passed Congress earlier this year, will dismantle access to reproductive health care in every state. It will defund Planned Parenthood, block Medicaid reimbursements to health centers, and slash care for millions of people. It would also gut Medicaid, ripping coverage from at least 10 million Americans and cutting off access to essential maternity care, birth control, cancer screenings, and more.

    Text of the EACH Act is available here.

    Joining the lawmakers in introducing the EACH Act are Representatives Alma Adams, Pete Aguilar, Gabe Amo, Yassamin Ansari, Jake Auchincloss, Becca Balint, Nanette Barragán, Joyce Beatty, Wesley Bell, Ami Bera, Don Beyer, Suzanne Bonamici, Shontel Brown, Julia Brownley, Nikki Budzinski, Janelle Bynum, Salud Carbajal, André Carson, Troy Carter, Greg Casar, Ed Case, Sean Casten, Kathy Castor, Joaquin Castro, Sheila Cherfilus-McCormick, Judy Chu, Gil Cisneros, Katherine Clark, Yvette Clarke, Emanuel Cleaver II, Steve Cohen, J. Luis Correa, Angie Craig, Jasmine Crockett, Jason Crow, Sharice Davids, Danny K. Davis, Madeleine Dean, Diana DeGette, Rosa DeLauro, Suzan DelBene, Chris Deluzio, Mark DeSaulnier, Maxine Dexter, Lloyd Doggett, Sarah Elfreth, Veronica Escobar, Adriano Espaillat, Dwight Evans, Shomari Figures, Lizzie Fletcher, Bill Foster, Valerie Foushee, Lois Frankel, Maxwell Frost, John Garamendi, Robert Garcia, Sylvia Garcia, Jesús “Chuy” García, Jared Golden, Dan Goldman, Maggie Goodlander, Josh Gottheimer, Al Green, Jahana Hayes, Jim Himes, Steven Horsford, Val Hoyle, Jared Huffman, Glenn Ivey, Sara Jacobs, Pramila Jayapal, Hank Johnson, Sydney Kamlager-Dove, William R. Keating, Robin Kelly, Tim Kennedy, Ro Khanna, Raja Krishnamoorthi, Greg Landsman, Rick Larsen, John B. Larson, George Latimer, Susie Lee, Summer L. Lee, Teresa Leger Fernández, Mike Levin, Ted Lieu, Seth Magaziner, John Mannion, Doris Matsui, Lucy McBath, Sarah McBride, April McClain Delaney, Jennifer McClellan, Betty McCollum, Morgan McGarvey, Jim McGovern, Gregory Meeks, Rob Menendez, Grace Meng, Kweisi Mfume, Dave Min, Gwen Moore, Joseph Morelle, Kelly Morrison, Jared Moskowitz, Seth Moulton, Kevin Mullin, Jerry Nadler, Eleanor Holmes Norton, Alexandria Ocasio-Cortez, Ilhan Omar, Frank Pallone Jr., Jimmy Panetta, Chris Pappas, Nancy Pelosi, Scott Peters, Brittany Pettersen, Chellie Pingree, Mark Pocan, Mike Quigley, Delia Ramirez, Emily Randall, Jamie Raskin, Luz Rivas, Deborah Ross, Raul Ruiz, Patrick Ryan, Andrea Salinas, Linda T. Sánchez, Mary Gay Scanlon, Jan Schakowsky, Bradley Scott Schneider, Hillary Scholten, Kim Schrier, David Scott, Brad Sherman, Mikie Sherrill, Lateefah Simon, Adam Smith, Eric Sorensen, Darren Soto, Melanie Stansbury, Greg Stanton, Haley Stevens, Marilyn Strickland, Suhas Subramanyam, Eric Swalwell, Emilia Sykes, Mark Takano, Shri Thanedar, Mike Thompson, Dina Titus, Rashida Tlaib, Jill Tokuda, Paul Tonko, Norma Torres, Ritchie Torres, Lori Trahan, Derek T. Tran, Lauren Underwood, Juan Vargas, Gabe Vasquez, Marc Veasey, Nydia M. Velázquez, Debbie Wasserman Schultz, George Whitesides, Nikema Williams, and Frederica Wilson, along with Senators Klobuchar, Warren, Padilla, Merkley, Blumenthal, Rosen, Shaheen, Schiff, Heinrich, Gillibrand, Coons, Cantwell, Van Hollen, Blunt Rochester, Sanders, Gallego, Booker, Smith, Baldwin, Wyden, Welch, Markey, Murphy, Kim, Whitehouse, Fetterman, Cortez Masto, Kelly, and Lujan.

    The EACH Act is endorsed by the following organizations: All* Above All, National Women’s Law Center, Center for Reproductive Rights, Planned Parenthood Federation of America, Center for American Progress, Guttmacher Institute, Power to Decide, National Asian Pacific American Women’s Forum, Brigid Alliance, National Network of Abortion Funds, Midwest Access Coalition, Equality California, Silver State Equality, OutCenter Southwest Michigan, Hadassah, The Women’s Zionist Organization of America, National Abortion Federation, Cobalt, Health Not Prisons Collective, National Family Planning & Reproductive Health Association, Families USA, UCSF Bixby Center for Global Reproductive Health, Center for Biological Diversity, Reproductive Freedom for All, CA LGBTQ Health and Human Services Network, Autistic Women & Nonbinary Network, Physicians for Reproductive Health, Justice and Joy National Collaborative, End Rape On Campus, National Partnership for Women & Families, National Council of Jewish Women, Silver State Hope Fund of Nevada, Above!, The National Association of Nurse Practitioners in Women’s Health (NPWH), National Council of Jewish Women, American Humanist Association, The American Society for Reproductive Medicine, Chicago Abortion Fund, Ibis Reproductive Health, SIECUS: Sex Ed for Social Change, American Atheists, National Health Law Program, National Latina Institute for Reproductive Justice, Advocates for Youth, Courage California, ProgressNow New Mexico, In Our Own Voice: National Black Women’s Reproductive Justice Agenda, EMAA Project, Black Women for Wellness Action Project, Colorado Organization for Latina Opportunity and Reproductive Rights (COLOR), Keystone Progress Education Fund, Wyoming Right To Choose, Safe Abortions For Everyone Maine, REPRO Rising Virginia, National Abortion Federation, National Family Planning & Reproductive Health Association (NFPRHA), National Partnership for Women & Families, Catholics for Choice, Colorado Organization for Latina Opportunity and Reproductive Rights (COLOR), Families USA, American Civil Liberties Union, Indivisible, Women’s Foundation of Florida, People Power United, Equality California, Abortion Forward, Black Women’s Health Imperative, SiX Action, Population Institute, URGE: Unite for Reproductive & Gender Equity, Pregnancy Justice, Just Solutions, UltraViolet Action, National Women’s Political Caucus, Equal Rights Advocates, Feminist Majority Foundation, Clearinghouse on Women’s Issues, American Association of University Women (AAUW), Interfaith Alliance, and Community Catalyst.

    Last month, in the wake of the third anniversary of the Dobbs decision, Congresswoman Pressley spent the week convening leaders and impacted families, renewing her calls for comprehensive legislation to protect abortion care, and uplifting the experiences of people impacted by cruel abortion bans and denials of essential medical care.

    Congresswoman Pressley has been outspoken in demanding justice for Adriana Smith, a 30-year-old pregnant mother who was declared brain dead in February and was forced to remain on life support due to Georgia’s abortion ban. Rep. Pressley delivered an impassioned floor speech in which she underscored that Adriana’s case is far too common in the unjust history of denying Black women their dignity, humanity, and right to bodily autonomy – and that GOP abortion bans such as Georgia’s deepen this pain and bar critical healthcare freedom. Last week, Rep. Pressley issued a statement after Adriana’s infant son Chance was delivered via emergency Cesarean section and Adriana was taken off life support.

    Throughout her time in Congress, Rep. Pressley has fought persistently to protect fundamental reproductive and sexual healthcare rights. 

    • On the first anniversary of the Dobbs decision, Rep. Pressley introduced the Abortion Justice Act, sweeping, intersectional legislation to address access to abortion care and put forth a comprehensive vision of a just America where abortion care is readily available—without stigma, shame or systemic barriers—for all who seek it, regardless of zip code, immigration status, income, or background.
    • Rep. Pressley is a lead co-sponsor of the Women’s Health Protection Act (WHPA), bicameral federal legislation to guarantee equal access to abortion care, everywhere. 
    • Rep. Pressley is also a lead co-sponsor of the EACH Act, bold legislation to repeal the Hyde Amendment and help guarantee abortion coverage—regardless of how a patient gets their health insurance.
    • Shortly before the Supreme Court’s overturning of Roe v. Wade, Rep. Pressley led a group of her Black women colleagues in writing to President Biden urging him to declare a public health emergency amid the unprecedented threats to abortion rights nationwide. 
    • Rep. Pressley condemned the Supreme Court’s leaked draft opinion to overturn Roe v. Wade., and implored the Senate to protect abortion rights and slammed the white supremacist roots of anti-abortion efforts.
    • In October 2024, Rep. Pressley issued a statement on Josseli Barnica, who died on Sept. 3, 2021 after being denied emergency abortion care in Texas as she suffered a miscarriage.
    • In September 2024, in a House Democratic Steering and Policy Committee Hearing, Rep. Pressley highlighted the harmful and deadly impact of abortion bans in America to date, and outlined in detail the shameful circumstances under which Amber Nicole Thurman died after being denied necessary abortion care in Georgia.
    • In June 2024, Rep. Pressley issued a statement on the Supreme Court’s ruling in Idaho v. United States; Moyle v. United States – the case about whether emergency abortion care is included under the Emergency Medical Treatment and Labor Act (EMTALA). 
    • In May 2024, Rep. Pressley issued a statement on a Louisiana bill that would classify medication abortion drugs mifepristone and misoprostol as controlled substances. 
    • In April 2024, at a House Oversight Committee hearing, Rep. Pressley played “Fact or Fiction” with Food and Drug Administration (FDA) Commissioner Robert Califf to emphasize the safety and efficacy of medication abortion drug mifepristone.
    • In August 2023, Rep. Pressley issued a statement on the Fifth Circuit Court decision in Alliance for Hippocratic Medicine v. FDA.
    • In July 2023, Rep. Pressley, alongside Senator Patty Murray (D-WA), Rep. Cori Bush (MO-01), and Senator Tammy Duckworth (D-IL), reintroduced the Reproductive Health Care Accessibility Act, legislation to help people with disabilities—who face discrimination and extra barriers when seeking care—get better access to reproductive healthcare and the informed care they need to control their own reproductive lives.
    • In July 2023, Rep. Pressley applauded the Food and Drug Administration’s (FDA) approval of over-the-counter birth control.
    • In May 2023, Rep. Pressley applauded the FDA Advisory Committee’s unanimous, 17-0 vote to recommend the approval of the first-ever application for over-the-counter birth control. She and Senator Murray also held a press conference applauding the decision and urging the FDA to approval over-the-counter birth control without delay.
    • In May 2023, Rep. Pressley, along with Representatives Alexandria Ocasio-Cortez (NY-14) and Ami Bera, MD (CA-06) and Senators Mazie Hirono (D-HI) and Catherine Cortez Masto (D-NV), reintroduced their bicameral Affordability is Access Act to ensure that once the FDA determines an over-the-counter birth control option to be safe, insurers fully cover over-the-counter birth control without any fees or out-of-pocket costs.
    • In April 2023, Rep. Pressley issued a statement condemning the Texas court ruling on mifepristone, and discussed the Texas case in a recent floor speech in which she affirmed medication abortion as routine medical care and access to mifepristone as essential. She later joined Governor Maura Healey, Senator Elizabth Warren (D-MA), and local leaders in announcing action to protect Mifepristone in Massachusetts.
    • In March 2023, Rep. Pressley, along with Senator Cory Booker (D-NJ) and Reps. Schakowsky, Lee, DeGette, Torres and Strickland, reintroduced the Abortion is Healthcare Everywhere Act harmful and discriminatory Helms Amendment and expand abortion access globally.
    • In March 2023, Rep. Pressley and Senator Hirono led their colleagues in reintroducing a bicameral congressional resolution honoring abortion providers and clinic staff. 
    • In March 2023, Rep. Pressley delivered a speech in which she discussed the pending court case in Texas, which aims to restrict access to medication abortion across the entire nation. In her remarks, Rep. Pressley affirmed medication abortion as routine medical care, and accessibility to the abortion pill mifepristone as essential.
    • In September 2021, Rep. Pressley issued a statement condemning the Supreme Court’s inaction on SB-8, Texas’ restrictive abortion law. Later that month, she participated in a House Oversight Committee hearing to examine the threat posed by abortion bans and underscored the urgency of the Senate passing the Women’s Health Protection Act. 
    • In April 2021, Rep. Pressley, along with Congresswomen Barbara Lee (CA-13), Diana DeGette (CO-01) and Jan Schakowsky (IL-09), led a group of 131 Democratic members in reintroducing the Equal Access to Abortion Coverage in Health Insurance Act or the EACH Act, which would repeal the Hyde Amendment and ensure that all people, regardless of income, insurance or zip code, can make personal reproductive healthcare decisions without interference from politicians. She re-Introduced the legislation In January 2023.
    • Rep. Pressley has led calls in Congress for the FDA to remove medically unnecessary restrictions on the medication abortion drug mifepristone, and applauded the FDA’s action in January 2023 to allow retail pharmacies to dispense abortion medication pills.
    • As Chair of the Pro-Choice Caucus’s Abortion Rights and Access Task Force, Congresswoman Pressley has led the fight to repeal the Hyde Amendments from annual Labor, Health and Human Services, Education and Related Agencies appropriations bills and in July 2020 published a Medium post on the importance of doing so. She applauded the removal of the Hyde Amendment in President Biden’s FY2022 budget.
    • In May 2020, she led more than 155 Members of Congress in calling on House Democratic leadership to ensure that any future COVID-19 relief packages rejected Republican efforts to use the public health crisis to diminish abortion access.
    • In August 2021, Rep. Pressley, Oversight Chairwoman Carolyn Maloney, and Pro-Choice Caucus Co-Chairs Reps. Diana DeGette and Barbara Lee led more than 70 of their House Democratic colleagues in introducing a resolution in support of equitable, science-based policies governing access to medication abortion care. 
    • In January 2023, Rep. Pressley introduced a resolution to condemn all forms of political violence in the U.S., regardless of its target or intent. That same day, she delivered a powerful speech on the House floor slamming Republicans’ harmful, misleading anti-abortion resolution.
    • In September 2022, Rep. Pressley hosted U.S. Department of Health and Human Services Secretary Xavier Becerra at the Codman Square Health Center in Dorchester for a convening on their work to address the Black maternal health crisis and the criminalization of abortion care in states across the nation following the harmful U.S. Supreme Court decision in Dobbs v. Jackson Women’s Health. 
    • In May 2019, she led more than 100 colleagues in introducing H.Con.Res.40, a resolution reaffirming the House of Representative’s support for Roe v. Wade.
    • In June 2019, Rep. Pressley introduced H.R. 3296, the Affordability is Access Act, to make oral contraception available without a prescription. 
    • In September 2016, as a member of the Boston City Council, Pressley championed a resolution calling on Congress and President Obama to repeal the Hyde Amendment and reinstate insurance coverage for abortion services.

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    MIL OSI USA News –

  • MIL-OSI Africa: Portugal Reaffirms Commitment to Strengthening Strategic Partnership with Morocco

    Source: APO


    .

    The Portuguese Minister of State and Foreign Affairs, Paulo Rangel, praised, on Tuesday in Lisbon, the excellent bilateral ties with the Kingdom of Morocco, reaffirming the mutual will to strengthen the strategic partnership between the two countries, which represents a stellar cooperation model.

    This position was set out in the Joint Statement signed at the end of his meeting with the Minister of Foreign Affairs, African Cooperation and Moroccan Expatriates, Mr. Nasser Bourita.

    On this occasion, MFA Bourita and his Portuguese peer welcomed the excellent bilateral ties which continue to gain new momentum, strengthened in 2024 by the celebrations of the 250th anniversary of the historic Peace and Friendship Agreement signed between the two countries in 1774, and the 30th anniversary of the Friendship, Neighbourhood and Cooperation Treaty, signed in Rabat on May 30, 1994.

    The two ministers stressed the need to work towards implementing the commitments contained in the strategic partnership linking the two countries, endorsed at the 14th session of the High-Level Meeting held in Lisbon in May 2023.

    In this respect, MFA Bourita and Rangel seized the opportunity to underline the economic potential and the means to be deployed to further strengthen cooperation in priority areas, notably green hydrogen, calling for continued joint efforts to install the electricity interconnection project and ensure connectivity, including maritime connectivity, between the two countries.

    The two ministers also welcomed the joint organization by Morocco and Portugal, alongside Spain, of the 2030 Football World Cup, underscoring the momentum that could be unleashed by such a large-scale event in terms of shared prosperity and growth, as well as cultural rapprochement between the two countries.

    Regrading shared objectives and responsibilities, the two leaders undertook to pursue consultations and coordination within international bodies.

    Distributed by APO Group on behalf of Kingdom of Morocco – Ministry of Foreign Affairs, African Cooperation and Moroccan Expatriates.

    MIL OSI Africa –

  • MIL-OSI Africa: Morocco: Portugal Welcomes Atlantic Initiatives Launched by His Majesty (HM) the King in Favor of Africa

    Source: APO


    .

    Portugal, as an Atlantic country, welcomes the Atlantic Initiatives launched by His Majesty King Mohammed VI in favor of the African continent.

    This position was expressed by the Portuguese Minister of State and Foreign Affairs, Mr. Paulo Rangel, in a Joint Statement signed following his meeting on Tuesday in Lisbon with the Minister of Foreign Affairs, African Cooperation and Moroccan Expatriates, Mr. Nasser Bourita.

    In this Joint Statement, Portugal, as an Atlantic country, thus welcomed the Atlantic Initiatives launched by His Majesty King Mohammed VI in support of the African continent, notably the Initiative of the Atlantic African States Process, the Royal International Initiative to facilitate access of Sahel countries to the Atlantic Ocean, and the Nigeria-Morocco Atlantic African Gas Pipeline Project.

    Rangel also praised the role of the Kingdom of Morocco as a driver of development and a provider of stability in the region and across Africa. In this regard, he commended the reforms undertaken by the Kingdom under the enlightened leadership of His Majesty King Mohammed VI.

    The Kingdom of Morocco and the Republic of Portugal emphasized their positive and constructive roles in maintaining stability, security, and peace in their respective regions. They also reaffirmed their commitment to these principles, as well as to the peaceful resolution of conflicts and respect for the territorial integrity and sovereignty of States, the Joint statement adds.

    The Minister of Foreign Affairs, African Cooperation and Moroccan Expatriates, Mr. Nasser Bourita, paid an official visit to Portugal at the invitation of the Portuguese Minister of State and Foreign Affairs, Mr. Paulo Rangel.

    Distributed by APO Group on behalf of Kingdom of Morocco – Ministry of Foreign Affairs, African Cooperation and Moroccan Expatriates.

    MIL OSI Africa –

  • MIL-OSI USA: Congressman Allen Announces August Community Office Hours

    Source: United States House of Representatives – Congressman Rick Allen (R-GA-12)

    Today, Congressman Rick W. Allen (GA-12) announced members of his staff will host Community Office Hours across Georgia’s 12th District during the month of August.

    During these events, members of Congressman Allen’s staff will be available to assist constituents with a variety of federal issues, including help navigating various federal agencies such as FEMA, Social Security, Veterans Affairs, Medicare, and others. Community Office Hours are a quarterly resource provided by Congressman Allen’s staff designed to serve constituents closer to home. Congressman Allen himself will not be in attendance.

    After the announcement, Congressman Allen issued the following statement:

    “I invite anyone seeking help with a federal issue to take advantage of the one-on-one services my office provides. If you need assistance dealing with a federal agency, our dedicated caseworkers stand ready to help you. Please visit my team during Community Office Hours next month or contact one of our district offices for more information.”

    See below for a list of Community Office Hours dates, times, and locations by county (excluding counties in which Congressman Allen has a permanent office):

    Burke County

    WHEN: Tuesday, August 19th from 9:00 AM – 10:30 AM

    WHERE: County Commission Boardroom, Burke County Courthouse

    111 E. 6th Street

    Waynesboro, GA 30830

    Candler County

    WHEN: Tuesday, August 5th from 10:00 AM – 11:30 AM

    WHERE: Metter City Hall

    49 S. Rountree Street

    Metter, GA 30439

    Columbia County

    WHEN: Wednesday, August 27th from 9:30 AM – 11:00 AM

    WHERE: Grovetown City Hall

    103 Old Wrightsboro Road

    Grovetown, GA 30813

    Effingham County

    WHEN: Friday, August 15th from 10:00 AM – 11:30 AM

    WHERE: Effingham County Board of Commissioners

    804 S. Laurel Street

    Springfield, GA 31329

    Emanuel County

    WHEN: Monday, August 4th from 10:00 AM – 11:30 AM

    WHERE: Swainsboro-Emanuel County Chamber of Commerce

    102 S. Main Street

    Swainsboro, GA 30401

    Evans County

    WHEN: Tuesday, August 5th from 3:00 PM – 4:30 PM

    WHERE: Claxton City Hall

    206 W. Railroad Street

    Claxton, Georgia 30417

    Glascock County

    WHEN: Tuesday, August 19th from 10:00 AM – 11:30 AM

    WHERE: Family Connections & Communities in School

    370 W. Main Street

    Gibson, GA 30810

    Jefferson County

    WHEN: Tuesday, August 19th from 12:30 PM – 2:00 PM

    WHERE: Community Club House

    101 McNair Street

    Wrens, GA 30833

    Jenkins County

    WHEN: Monday, August 4th from 1:00 PM – 2:30 PM

    WHERE: Jenkins County Chamber of Commerce

    548 Cotton Avenue

    Millen, GA 30442

    Johnson County

    WHEN: Monday, August 11th from 9:00 AM – 10:30 AM

    WHERE: Wrightsville City Hall

    8647 S. Marcus Street

    Wrightsville, GA 31096

    Lincoln County

    WHEN: Wednesday, August 27th from 12:00 PM – 1:30 PM

    WHERE: Lincoln County Courthouse

    210 Humphrey Street

    Lincolnton, GA 30817

    McDuffie County

    WHEN: Wednesday, August 6th from 1:00 PM – 2:30 PM

    WHERE: Thomson-McDuffie Administrative Building

    210 Railroad Street

    Thomson, GA 30824

    Montgomery County

    WHEN: Monday, August 4th from 10:45 AM – 12:15 PM

    WHERE: Montgomery County Courthouse

    400 S. Railroad Avenue

    Mount Vernon, GA 30445

    Screven County

    WHEN: Monday, August 4th from 3:00 PM – 4:30 PM

    WHERE: Screven County Courthouse, Commission Boardroom

    216 Mims Road

    Sylvania, GA 30467

    Tattnall County

    WHEN: Tuesday, August 5th from 1:00 PM – 2:30 PM

    WHERE: Glennville Welcome Center/Chamber of Commerce

    136 S. Veterans Boulevard

    Glennville, GA 30427

    Treutlen County

    WHEN: Monday, August 4th from 9:00 AM – 10:30 AM

    WHERE: Treutlen County Commissioners’ Office

    1830 Martin Luther King Jr. Drive

    Soperton, GA 30457

    Warren County

    WHEN: Wednesday, August 6th from 10:00 AM – 11:30 AM

    WHERE: Warren County Chamber of Commerce

    46 Norwood Street

    Warrenton, GA 30828

    Washington County

    WHEN: Thursday, August 21st from 11:00 AM – 12:30 PM

    WHERE: Sandersville City Hall

    141 W. Haynes Street

    Sandersville, GA 31082

    Wheeler County

    WHEN: Monday, August 4th from 1:00 PM – 2:30 PM

    WHERE: Alamo City Hall

    7 W. Main Street

    Alamo, GA 30411

    Wilkes County

    WHEN: Tuesday, August 26th from 11:00 AM – 12:30 PM

    WHERE: Washington Wilkes Chamber of Commerce

    26 West Square

    Washington, GA 30673

    MIL OSI USA News –

  • PM Modi’s fourth UK visit to spotlight $53.75 billion bilateral trade and FTA gains

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi will embark on a two-nation visit on Wednesday, beginning with an official tour to the United Kingdom at the invitation of UK Prime Minister Keir Starmer from July 23-24. This will mark his fourth visit to the UK, underscoring the deepening ties between the two nations, especially in the realm of economic cooperation.

    India and the UK share a strong and steadily growing economic partnership, reflected in robust trade figures and expanding investment flows. Bilateral trade between the two countries stood at approximately $53.75 billion in 2024, with Indian exports valued at around $32.5 billion and imports at about $21.25 billion. Trade in goods contributed $22.5 billion, while the services sector accounted for nearly $31.25 billion.

    Investment flows between the two countries continue to deepen. The UK ranks as the sixth-largest inward investor in India, with a cumulative equity investment of $35 billion as of September 2024. On the other hand, Indian investments in the UK amounted to $19 billion till March 2024. There are currently 971 Indian companies operating in the UK, employing over 1 lakh people. Meanwhile, 667 British companies are active in India, providing employment to more than 5 lakh people.

    A key development in bilateral economic relations has been the successful conclusion of the India-UK Free Trade Agreement (FTA) and the Double Contribution Convention. These landmark announcements were made during a telephonic conversation between the two Prime Ministers on May 6, 2025, following three years of negotiations. The FTA, one of India’s most comprehensive, spans 26 chapters, covering sectors such as goods, services, rules of origin, intellectual property rights, government procurement, digital trade, telecom, financial services, environment, and labour.

    Two institutional mechanisms have played a pivotal role in driving the India-UK economic agenda. The India-UK Joint Economic and Trade Committee (JETCO), launched on January 13, 2005, is designed to strengthen strategic economic ties through a business-driven approach. The 15th JETCO meeting took place in New Delhi on January 13, 2022, co-chaired by India’s Commerce and Industry Minister Shri Piyush Goyal and UK’s then Secretary of State for International Trade, Ms. Anne-Marie Trevelyan. It was during this meeting that both nations formally launched negotiations for the FTA.

    The India-UK Economic and Financial Dialogue (EFD), established on February 4, 2005, has been instrumental in shaping macroeconomic cooperation. The 13th EFD meeting was held in London on April 9, 2025, led by the Finance Ministers of both countries. Discussions focused on boosting infrastructure collaboration, enhancing fintech partnerships, promoting sustainable finance, and advancing knowledge exchange.

  • PM Modi’s fourth UK visit to spotlight $53.75 billion bilateral trade and FTA gains

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi will embark on a two-nation visit on Wednesday, beginning with an official tour to the United Kingdom at the invitation of UK Prime Minister Keir Starmer from July 23-24. This will mark his fourth visit to the UK, underscoring the deepening ties between the two nations, especially in the realm of economic cooperation.

    India and the UK share a strong and steadily growing economic partnership, reflected in robust trade figures and expanding investment flows. Bilateral trade between the two countries stood at approximately $53.75 billion in 2024, with Indian exports valued at around $32.5 billion and imports at about $21.25 billion. Trade in goods contributed $22.5 billion, while the services sector accounted for nearly $31.25 billion.

    Investment flows between the two countries continue to deepen. The UK ranks as the sixth-largest inward investor in India, with a cumulative equity investment of $35 billion as of September 2024. On the other hand, Indian investments in the UK amounted to $19 billion till March 2024. There are currently 971 Indian companies operating in the UK, employing over 1 lakh people. Meanwhile, 667 British companies are active in India, providing employment to more than 5 lakh people.

    A key development in bilateral economic relations has been the successful conclusion of the India-UK Free Trade Agreement (FTA) and the Double Contribution Convention. These landmark announcements were made during a telephonic conversation between the two Prime Ministers on May 6, 2025, following three years of negotiations. The FTA, one of India’s most comprehensive, spans 26 chapters, covering sectors such as goods, services, rules of origin, intellectual property rights, government procurement, digital trade, telecom, financial services, environment, and labour.

    Two institutional mechanisms have played a pivotal role in driving the India-UK economic agenda. The India-UK Joint Economic and Trade Committee (JETCO), launched on January 13, 2005, is designed to strengthen strategic economic ties through a business-driven approach. The 15th JETCO meeting took place in New Delhi on January 13, 2022, co-chaired by India’s Commerce and Industry Minister Shri Piyush Goyal and UK’s then Secretary of State for International Trade, Ms. Anne-Marie Trevelyan. It was during this meeting that both nations formally launched negotiations for the FTA.

    The India-UK Economic and Financial Dialogue (EFD), established on February 4, 2005, has been instrumental in shaping macroeconomic cooperation. The 13th EFD meeting was held in London on April 9, 2025, led by the Finance Ministers of both countries. Discussions focused on boosting infrastructure collaboration, enhancing fintech partnerships, promoting sustainable finance, and advancing knowledge exchange.

  • MIL-OSI: Taxback International rebrands as Fintua

    Source: GlobeNewswire (MIL-OSI)

    Kilkenny, Ireland , July 22, 2025 (GLOBE NEWSWIRE) — Taxback International, a global leader in VAT compliance and recovery, has officially rebranded as Fintua. This rebrand represents the fusion of decades of indirect tax expertise with next-generation SaaS technology, setting a new standard for digital solutions in the fintech space. With this rebrand, the company reinforces its commitment to delivering smarter, more scalable fintech solutions to accelerate positive digital change across the indirect tax landscape.

    Fintua are a global fintech leader, delivering specialist tax technology solutions for indirect tax recovery, compliance, eInvoicing and payments.

    Why the change?

    Fintua represents the evolution of our business from a specialist in VAT reclaim to a global technology expert in the wider fintech industry. As indirect tax grows more complex, businesses are seeking smarter, more agile solutions. Our rebrand signals a commitment to empowering global tax and finance professionals with innovative technology that simplifies complexity, reduces risk and transforms how tax is managed. 

    The name Fintua blends our financial technology focus with a strong connection to our Irish heritage. Fin reflects our fintech expertise, while Tua derived from the Irish word tuath (meaning people or community), highlights our collaborative and client-centric values.  

    A new chapter of innovation 

    Rebranding to Fintua represents more than a name change – it is a statement of intent. We remain the trusted partner our clients know, but with an even greater focus on developing intuitive, expert-built technology that meets both current and future tax challenges. 

    “As we embark on this exciting journey to become Fintua, I am thrilled to see our company evolve into a brand that truly reflects our innovative spirit and commitment to tax technology,” said Catherine Quirke, CEO of Fintua. “This rebranding marks a significant milestone in our growth, and identifies with our ability and commitment to deliver cutting-edge solutions that meet the evolving needs of our customers.” 

    Fintua’s vision is to be a leader in breakthrough technology, accelerating positive digital change throughout the indirect tax and wider fintech community. Our values; empowering, progressive, collaborative, and perceptive—will continue to guide every solution we deliver. 

    “The rebrand of Taxback International to Fintua is a proud moment for all of us at CluneTech. It’s a reflection of how far the business has come since its early days in Kilkenny – growing from a VAT reclaim specialist into a global technology leader in tax and fintech. For me, Fintua stands for innovation, ambition, and the power of a great team working together to solve complex challenges for businesses worldwide. I’m excited to see Fintua lead the way into this new era, continuing our tradition of empowering clients and driving positive change across the industry.” – Terry Clune, CEO and Founder of CluneTech. 

    About Fintua

    Fintua is a global fintech leader, delivering specialist tax technology solutions for indirect tax recovery, compliance, eInvoicing and payments. 

    Press inquiries

    Fintua
    https://fintua.com/
    Katie Fitzpatrick
    kfitzpatrick@fintua.com
    +353 87 020 3636
    IDA Business and Technology Park,
    Ring Road,
    Kilkenny,
    R95 ETN5

    The MIL Network –

  • MIL-OSI USA: Sen. RaShaun Kemp Responds to Partial Release of Frozen Federal Education Funds

    Source: US State of Georgia

    ATLANTA (July 22, 2025) —Today, Sen. RaShaun Kemp (D–Atlanta) issued the following statement regarding the federal government’s decision to release a portion of previously frozen funds for after-school and summer programs:

    “I welcome the administration’s decision to release $1.3 billion in frozen funding for after-school and summer learning programs, but the damage has already been done. This last-minute reversal caused unnecessary disruption for school districts and families preparing for the upcoming school year. Withholding congressionally approved funding at such a critical moment was destabilizing and avoidable.

    The federal government is still withholding $5 billion in funding that schools are counting on. I urge the administration to release these remaining funds without delay. This money supports teacher training, English language learners and the core infrastructure needed to help students and educators succeed. The longer the funds remain out of reach, the more we risk failing the very people our public education system is meant to serve.

    I will continue to speak out when this administration makes reckless decisions that jeopardize education and disrupt the lives of families who rely on it. Silence in the face of bad policy is not leadership. It is our responsibility to hold decision-makers accountable and fight for a future where every student has the tools they need to reach their full potential.”

    # # # #

    Sen. RaShaun Kemp represents the 38th Senate District, which includes a portion of Fulton County. He may be reached by phone at (404) 656-0105 or by email at RaShaun.Kemp@senate.ga.gov.

    For all media inquiries, please reach out to SenatePressInquiries@senate.ga.gov.

    MIL OSI USA News –

  • MIL-OSI: RWS and Copyleaks Join Forces to Deliver Built-in AI and Plagiarism Detection for Tridion Users

    Source: GlobeNewswire (MIL-OSI)

    MAIDENHEAD, United Kingdom and BERKSHIRE, United Kingdom, July 22, 2025 (GLOBE NEWSWIRE) — Copyleaks, the AI content analysis and governance platform trusted by enterprises, educators, and governments worldwide, today announced a strategic partnership with RWS, the global leader in language, content, and intellectual property services. Through a new native integration with Tridion Docs, the RWS intelligent content management solution, Copyleaks’ award-winning AI-generated text and plagiarism detection capabilities now operate seamlessly within RWS content workflows, empowering organizations to publish with confidence and integrity at scale.

    As generative AI transforms content creation, organizations face an unprecedented challenge: ensuring the authenticity and originality of the content they publish. From technical documentation and marketing copy to regulatory content and training materials, businesses need to verify not just what they publish, but how it was created and whether it’s safe to use.

    Copyleaks’ comprehensive content integrity platform combines advanced AI detection with plagiarism prevention in one powerful solution. The platform identifies AI-generated text from leading models, including ChatGPT, Gemini, DeepSeek, and Claude, with an accuracy rate of over 99% and support for more than 30 languages. Its sophisticated detection capabilities extend beyond surface-level scans to catch advanced evasion tactics, including character substitution, paraphrasing, and blended human-AI writing.

    At the heart of this detection power is AI Logic, Copyleaks’ latest innovation that reveals the ‘why’ behind AI detection. Unlike traditional black-box approaches, AI Logic provides transparent insights through AI Phrases, which highlight linguistic patterns commonly found in AI-generated content, and AI Source Match, which determines whether text matches AI-generated content that has already been published elsewhere. This level of transparency enables content teams to make informed decisions with clarity and confidence, rather than relying on guesswork.

    Seamless Integration, Powerful Results

    Tridion already helps organizations manage complex, multilingual content at scale. With Copyleaks’ integration, content teams gain automatic analysis capabilities that scan text, code, and paraphrased material before publication. This creates a robust workflow where content authored in Tridion Docs is automatically analyzed by Copyleaks, ensuring every document meets organizational standards for originality and authenticity without disrupting publication cycles.

    Key Integration Benefits

    Automated Content Analysis: Content drafted or uploaded in Tridion Docs undergoes real-time Copyleaks scanning, with issues surfacing instantly to keep projects on schedule while maintaining quality standards.

    AI Governance and Policy Enforcement: Administrators can establish acceptable AI usage policies and receive detailed explanations for any flagged content through AI Logic’s transparent analysis, enabling responsible AI adoption across teams.

    Comprehensive Content Coverage: The integration supports text, code snippets, and multiple file formats, detecting everything from exact copying to sophisticated paraphrasing across diverse content types.

    Enterprise-Scale API Integration: Organizations can extend Copyleaks analysis to any Tridion workflow or third-party system through streamlined API connectivity.

    “Our customers need speed, but never at the expense of integrity,” said Alon Yamin, CEO and co-founder of Copyleaks. “By embedding our detection capabilities directly into Tridion, writers and reviewers can identify AI usage, plagiarism, or licensing risks the moment they occur – no additional steps and no file uploads; just clean, verifiable content that organizations can trust.”

    The Copyleaks connector for Tridion Docs is available immediately to joint customers worldwide. Organizations interested in adding advanced content analysis to their Tridion environment can contact their RWS account representative or request a demonstration at Copyleaks.com.

    About Copyleaks

    Copyleaks is a leading AI text analysis platform empowering businesses and educational institutions to navigate the evolving landscape of generative AI with confidence. With an award-winning suite of AI-powered tools trusted by millions globally, Copyleaks ensures AI governance, enables responsible AI adoption, safeguards intellectual property, and maintains academic integrity through comprehensive AI and plagiarism detection capabilities.

    For additional information, visit Copyleaks.com or follow the company on LinkedIn.

    About RWS

    RWS is a global content solutions company powered by a combination of advanced technology and human expertise. The company enhances the value of ideas, data, and content by helping organizations be understood everywhere.

    With proprietary technology, more than 45 AI patents, and a global team of specialists, RWS enables organizations to bring ideas to market faster, build deeper cross-cultural relationships, and expand into new markets with confidence. Its solutions drive business growth and open up a world of opportunities.

    More than 80 of the world’s top 100 brands rely on RWS to fuel innovation, inform strategic decisions, and shape impactful brand experiences.

    Operating from over 60 global locations across five continents, RWS supports clients across nearly every industry. Headquartered in the UK, the company has been innovating since 1958 and is publicly listed on AIM, the London Stock Exchange’s regulated market (RWS.L).

    For further information, please visit: rws.com.

    The MIL Network –

  • MIL-OSI: ASM reports second quarter 2025 results

    Source: GlobeNewswire (MIL-OSI)

    Almere, The Netherlands
    July 22, 2025, 6 p.m. CET
     
    Solid Q2 results against a backdrop of continued mixed market conditions

    ASM International N.V. (Euronext Amsterdam: ASM) today reports its Q2 2025 results (unaudited).

    Financial highlights

    € million Q2 2024 Q1 2025 Q2 2025
    New orders 755.4 834.2 702.5
    yoy change % at constant currencies 56% 14% (4%)
           
    Revenue 706.1 839.2 835.6
    yoy change % as reported 6% 31% 18%
    yoy change % at constant currencies 6% 26% 23%
           
    Gross profit 352.0 447.8 433.2
    Gross profit margin % 49.8  % 53.4  % 51.8  %
           
    Operating result 177.6 266.2 258.5
    Operating result margin % 25.1  % 31.7 % 30.9  %
           
    Adjusted operating result 1 182.3 271.0 263.2
    Adjusted operating result margin %1 25.8  % 32.3 % 31.5  %
           
    Net earnings (losses) 159.0 (28.9) 202.4
    Adjusted net earnings 1 164.7 191.9 173.0

    1 Adjusted figures are non-IFRS performance measures. Refer to Annex 3 for a reconciliation of non-IFRS performance measures.

    • New orders of €702 million in Q2 2025 decreased by 4% over the same period last year at constant currency (decreased by 7% as reported). Compared to Q1 2025, orders decreased by 10% at constant currency. This sequential decrease is explained by lower advanced logic/foundry orders due to timing of orders. The y-o-y decrease was mainly due to the lumpy nature of quarterly order intake and compared to a relatively high memory contribution in Q2 2024.
    • Revenue of €836 million increased by 23% at constant currencies (increased by 18% as reported) from Q2 last year. At constant currencies, revenue increased by 7% compared to Q1 2025, which was above our guidance range of +1% to +6% at constant currencies. Revenue in Q2 2025 was driven by foundry, followed by memory, and logic.
    • Gross profit margin of 51.8% in Q2 2025 improved compared to 49.8% in Q2 last year, while it decreased, as expected, compared to 53.4% in Q1 2025. Q2 2025 margin remained healthy thanks to mix, including continued strong sales to China.
    • Adjusted operating result margin of 31.5% increased by 5.7% points compared to the same period last year and slightly decreased by 0.8% points compared to previous quarter. The y-o-y improvement is mainly due to higher gross profit margin this quarter, and a one-off tax charge which resulted in a higher SG&A cost last year.
    • Reported net earnings included a reversal of impairment of €34 million from our stake in ASMPT (Q1 included a €215 million impairment), triggered by the increase in market valuation in the recent period. There is no cash impact. Following the impairment, and in line with our accounting policy, the changes in the market value of ASMPT will be included in our quarterly net results in case of further decline or until the impairment charge has been reversed.

    Comment

    “ASM continued to deliver solid quarterly results against a backdrop of mixed market conditions. Sales increased by 23% year-on-year at constant currencies to €836 million,” said Hichem M’Saad, CEO of ASM. “Compared to the first quarter of 2025 revenue increased by +7%, which was above the top end of our guidance. The y-o-y increase was led by the logic/foundry segment as well as continued momentum in our spares & services business.

    The market environment continued to show a mixed picture in the second quarter. Growth in AI is fueling ongoing capacity expansions in the leading-edge logic/foundry and HBM-related DRAM segments, while conditions in most of the other market segments are still slow.

    Bookings amounted to €702 million in Q2 2025, down 10% compared to Q1 at constant currencies, mainly due to lower advanced logic/foundry bookings. However, the underlying trend in this segment, particularly in gate-all-around (GAA), remains healthy and we expect related leading-edge logic/foundry bookings to pick up again in Q3.

    The gross margin, while down from a high level of 53.4%, remained strong at 51.8%, again driven by product and customer mix, improved operational efficiency and a better-than-expected contribution from China sales. For the full year 2025, we still expect the gross margin to be in the upper half of the target range of 46%-50%. This excludes any potential direct impact from tariffs, which at this point remains difficult to predict. We have various scenarios in place to mitigate potential financial impacts.

    Operating profit increased strongly in Q2, by approximately 40% adjusted for a one-off expense last year, on the back of increased sales, gross margin improvement and continued cost control, whilst continuing to invest in R&D.

    We are well positioned to at least maintain our ALD and epi market share from the first to the second GAA logic/foundry nodes and remain focused on further share gains in memory, as ALD and epi intensity grows in upcoming DRAM nodes.”

    Outlook

    We expect revenue in the second half of 2025 to be approximately similar to the level in the first half, at constant currencies. For Q3 2025, we expect total ASM revenue to be flat to slightly lower, in a range of 0% to -5% at constant currencies compared to Q2 2025. As a reminder, with the Q1 2025 results we changed our quarterly revenue guidance from absolute Euro amounts to growth rates at constant currencies, given the increased exchange rate volatility in the recent periods and ASM’s significant USD revenue exposure (>80% of sales).
    For Q3 2025, we expect advanced logic/foundry bookings to be higher than in Q2 2025 and China bookings to be lower, with the overall book-to-bill in Q3 projected to be below 1.

    Based on comparable sales in the second half versus the first half, we expect revenue growth at constant currencies in 2025 to be around the midpoint of the guidance range of +10% to +20%. We continue to expect to outperform the WFE market, which is forecasted to grow slightly this year. Uncertainties related to tariffs, geopolitical tensions and the overall economic outlook continue to be relatively high.
    The key growth driver for ASM this year is the high-volume manufacturing ramp of the 2nm GAA node. Despite some further shifts in capex forecasts among customers in this segment, our view for a strong increase in advanced logic/foundry sales in 2025 has not changed. Demand in advanced HBM-related DRAM applications remains solid, but conditions in the other parts of the memory market are sluggish. Against a very strong level last year, we still expect the memory contribution to drop this year (to less than 20% of equipment sales in 2025 versus 25% in 2024).

    In the power/analog/wafer segment equipment demand remains depressed with no meaningful sales recovery in the remainder of the year, despite some early signs of improvement in the related end markets.
    Demand in the Chinese market held up better than initially expected in the first half. We now expect China equipment sales in 2025 to be around the top end of the previously guided range of low to high 20s percentage of total ASM revenue. China sales and bookings in the second half are projected to be lower than in the first half.

    Share buyback program

    The €150 million share buyback program, announced in February 2025, started on April 30, 2025. On June 30, 2025, 40% of the program was completed at an average share price of €486.48 under ASM’s share buyback program (of which 28.6% has been delivered and settled in cash within the reporting period, and the remainder on July 1, 2025).

    Investor Day

    We will host our 2025 Investor Day on September 23. Speakers will include our CEO, CFO and other members of ASM’s senior management team. Further details will be announced later.

    Interim financial report

    ASM International N.V. (Euronext Amsterdam: ASM) today also publishes its Interim Financial Report for the six-month period ended June 30, 2025.

    This report includes an Interim Management Board Report, including ESG update, and condensed consolidated interim financial statements prepared in accordance with IAS 34 (Interim Financial Reporting). The Interim Financial Report comprises regulated information within the meaning of the Dutch Financial Markets Supervision Act (“Wet op het Financieel Toezicht”) and is available in full on our website www.asm.com.

    About ASM

    ASM International N.V., headquartered in Almere, the Netherlands, and its subsidiaries design and manufacture equipment and process solutions to produce semiconductor devices for wafer processing, and have facilities in the United States, Europe, and Asia. ASM International’s common stock trades on the Euronext Amsterdam Stock Exchange (symbol: ASM). For more information, visit ASM’s website at www.asm.com.

    Cautionary Note Regarding Forward-Looking Statements: All matters discussed in this press release, except for any historical data, are forward-looking statements. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. These include, but are not limited to, economic conditions and trends in the semiconductor industry generally and the timing of the industry cycles specifically, currency fluctuations, corporate transactions, financing and liquidity matters, the success of restructurings, the timing of significant orders, market acceptance of new products, competitive factors, litigation involving intellectual property, shareholders or other issues, commercial and economic disruption due to natural disasters, terrorist activity, armed conflict or political instability, changes in import/export regulations, pandemics, epidemics and other risks indicated in the company’s reports and financial statements. The company assumes no obligation nor intends to update or revise any forward-looking statements to reflect future developments or circumstances.

    This press release contains inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation.

    Quarterly earnings conference call details

    ASM will host the quarterly earnings conference call and webcast on Wednesday, July 23, 2025, at 3:00 p.m. CET.

    Conference-call participants should pre-register using this link to receive the dial-in numbers, passcode and a personal PIN, which are required to access the conference call.

    A simultaneous audio webcast and replay will be accessible at this link.

    Contacts  
    Investor and media relations Investor relations
    Victor Bareño Valentina Fantigrossi
    T: +31 88 100 8500 T: +31 88 100 8502
    E: investor.relations@asm.com E: investor.relations@asm.com

    The MIL Network –

  • MIL-OSI: ASM reports second quarter 2025 results

    Source: GlobeNewswire (MIL-OSI)

    Almere, The Netherlands
    July 22, 2025, 6 p.m. CET
     
    Solid Q2 results against a backdrop of continued mixed market conditions

    ASM International N.V. (Euronext Amsterdam: ASM) today reports its Q2 2025 results (unaudited).

    Financial highlights

    € million Q2 2024 Q1 2025 Q2 2025
    New orders 755.4 834.2 702.5
    yoy change % at constant currencies 56% 14% (4%)
           
    Revenue 706.1 839.2 835.6
    yoy change % as reported 6% 31% 18%
    yoy change % at constant currencies 6% 26% 23%
           
    Gross profit 352.0 447.8 433.2
    Gross profit margin % 49.8  % 53.4  % 51.8  %
           
    Operating result 177.6 266.2 258.5
    Operating result margin % 25.1  % 31.7 % 30.9  %
           
    Adjusted operating result 1 182.3 271.0 263.2
    Adjusted operating result margin %1 25.8  % 32.3 % 31.5  %
           
    Net earnings (losses) 159.0 (28.9) 202.4
    Adjusted net earnings 1 164.7 191.9 173.0

    1 Adjusted figures are non-IFRS performance measures. Refer to Annex 3 for a reconciliation of non-IFRS performance measures.

    • New orders of €702 million in Q2 2025 decreased by 4% over the same period last year at constant currency (decreased by 7% as reported). Compared to Q1 2025, orders decreased by 10% at constant currency. This sequential decrease is explained by lower advanced logic/foundry orders due to timing of orders. The y-o-y decrease was mainly due to the lumpy nature of quarterly order intake and compared to a relatively high memory contribution in Q2 2024.
    • Revenue of €836 million increased by 23% at constant currencies (increased by 18% as reported) from Q2 last year. At constant currencies, revenue increased by 7% compared to Q1 2025, which was above our guidance range of +1% to +6% at constant currencies. Revenue in Q2 2025 was driven by foundry, followed by memory, and logic.
    • Gross profit margin of 51.8% in Q2 2025 improved compared to 49.8% in Q2 last year, while it decreased, as expected, compared to 53.4% in Q1 2025. Q2 2025 margin remained healthy thanks to mix, including continued strong sales to China.
    • Adjusted operating result margin of 31.5% increased by 5.7% points compared to the same period last year and slightly decreased by 0.8% points compared to previous quarter. The y-o-y improvement is mainly due to higher gross profit margin this quarter, and a one-off tax charge which resulted in a higher SG&A cost last year.
    • Reported net earnings included a reversal of impairment of €34 million from our stake in ASMPT (Q1 included a €215 million impairment), triggered by the increase in market valuation in the recent period. There is no cash impact. Following the impairment, and in line with our accounting policy, the changes in the market value of ASMPT will be included in our quarterly net results in case of further decline or until the impairment charge has been reversed.

    Comment

    “ASM continued to deliver solid quarterly results against a backdrop of mixed market conditions. Sales increased by 23% year-on-year at constant currencies to €836 million,” said Hichem M’Saad, CEO of ASM. “Compared to the first quarter of 2025 revenue increased by +7%, which was above the top end of our guidance. The y-o-y increase was led by the logic/foundry segment as well as continued momentum in our spares & services business.

    The market environment continued to show a mixed picture in the second quarter. Growth in AI is fueling ongoing capacity expansions in the leading-edge logic/foundry and HBM-related DRAM segments, while conditions in most of the other market segments are still slow.

    Bookings amounted to €702 million in Q2 2025, down 10% compared to Q1 at constant currencies, mainly due to lower advanced logic/foundry bookings. However, the underlying trend in this segment, particularly in gate-all-around (GAA), remains healthy and we expect related leading-edge logic/foundry bookings to pick up again in Q3.

    The gross margin, while down from a high level of 53.4%, remained strong at 51.8%, again driven by product and customer mix, improved operational efficiency and a better-than-expected contribution from China sales. For the full year 2025, we still expect the gross margin to be in the upper half of the target range of 46%-50%. This excludes any potential direct impact from tariffs, which at this point remains difficult to predict. We have various scenarios in place to mitigate potential financial impacts.

    Operating profit increased strongly in Q2, by approximately 40% adjusted for a one-off expense last year, on the back of increased sales, gross margin improvement and continued cost control, whilst continuing to invest in R&D.

    We are well positioned to at least maintain our ALD and epi market share from the first to the second GAA logic/foundry nodes and remain focused on further share gains in memory, as ALD and epi intensity grows in upcoming DRAM nodes.”

    Outlook

    We expect revenue in the second half of 2025 to be approximately similar to the level in the first half, at constant currencies. For Q3 2025, we expect total ASM revenue to be flat to slightly lower, in a range of 0% to -5% at constant currencies compared to Q2 2025. As a reminder, with the Q1 2025 results we changed our quarterly revenue guidance from absolute Euro amounts to growth rates at constant currencies, given the increased exchange rate volatility in the recent periods and ASM’s significant USD revenue exposure (>80% of sales).
    For Q3 2025, we expect advanced logic/foundry bookings to be higher than in Q2 2025 and China bookings to be lower, with the overall book-to-bill in Q3 projected to be below 1.

    Based on comparable sales in the second half versus the first half, we expect revenue growth at constant currencies in 2025 to be around the midpoint of the guidance range of +10% to +20%. We continue to expect to outperform the WFE market, which is forecasted to grow slightly this year. Uncertainties related to tariffs, geopolitical tensions and the overall economic outlook continue to be relatively high.
    The key growth driver for ASM this year is the high-volume manufacturing ramp of the 2nm GAA node. Despite some further shifts in capex forecasts among customers in this segment, our view for a strong increase in advanced logic/foundry sales in 2025 has not changed. Demand in advanced HBM-related DRAM applications remains solid, but conditions in the other parts of the memory market are sluggish. Against a very strong level last year, we still expect the memory contribution to drop this year (to less than 20% of equipment sales in 2025 versus 25% in 2024).

    In the power/analog/wafer segment equipment demand remains depressed with no meaningful sales recovery in the remainder of the year, despite some early signs of improvement in the related end markets.
    Demand in the Chinese market held up better than initially expected in the first half. We now expect China equipment sales in 2025 to be around the top end of the previously guided range of low to high 20s percentage of total ASM revenue. China sales and bookings in the second half are projected to be lower than in the first half.

    Share buyback program

    The €150 million share buyback program, announced in February 2025, started on April 30, 2025. On June 30, 2025, 40% of the program was completed at an average share price of €486.48 under ASM’s share buyback program (of which 28.6% has been delivered and settled in cash within the reporting period, and the remainder on July 1, 2025).

    Investor Day

    We will host our 2025 Investor Day on September 23. Speakers will include our CEO, CFO and other members of ASM’s senior management team. Further details will be announced later.

    Interim financial report

    ASM International N.V. (Euronext Amsterdam: ASM) today also publishes its Interim Financial Report for the six-month period ended June 30, 2025.

    This report includes an Interim Management Board Report, including ESG update, and condensed consolidated interim financial statements prepared in accordance with IAS 34 (Interim Financial Reporting). The Interim Financial Report comprises regulated information within the meaning of the Dutch Financial Markets Supervision Act (“Wet op het Financieel Toezicht”) and is available in full on our website www.asm.com.

    About ASM

    ASM International N.V., headquartered in Almere, the Netherlands, and its subsidiaries design and manufacture equipment and process solutions to produce semiconductor devices for wafer processing, and have facilities in the United States, Europe, and Asia. ASM International’s common stock trades on the Euronext Amsterdam Stock Exchange (symbol: ASM). For more information, visit ASM’s website at www.asm.com.

    Cautionary Note Regarding Forward-Looking Statements: All matters discussed in this press release, except for any historical data, are forward-looking statements. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. These include, but are not limited to, economic conditions and trends in the semiconductor industry generally and the timing of the industry cycles specifically, currency fluctuations, corporate transactions, financing and liquidity matters, the success of restructurings, the timing of significant orders, market acceptance of new products, competitive factors, litigation involving intellectual property, shareholders or other issues, commercial and economic disruption due to natural disasters, terrorist activity, armed conflict or political instability, changes in import/export regulations, pandemics, epidemics and other risks indicated in the company’s reports and financial statements. The company assumes no obligation nor intends to update or revise any forward-looking statements to reflect future developments or circumstances.

    This press release contains inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation.

    Quarterly earnings conference call details

    ASM will host the quarterly earnings conference call and webcast on Wednesday, July 23, 2025, at 3:00 p.m. CET.

    Conference-call participants should pre-register using this link to receive the dial-in numbers, passcode and a personal PIN, which are required to access the conference call.

    A simultaneous audio webcast and replay will be accessible at this link.

    Contacts  
    Investor and media relations Investor relations
    Victor Bareño Valentina Fantigrossi
    T: +31 88 100 8500 T: +31 88 100 8502
    E: investor.relations@asm.com E: investor.relations@asm.com

    The MIL Network –

  • MIL-OSI: Inside Information: Nokia lowers 2025 operating profit guidance due to currency  

    Source: GlobeNewswire (MIL-OSI)

    Nokia Corporation
    Inside information
    22 July 2025 at 19:00 EEST

    Inside Information: Nokia lowers 2025 operating profit guidance due to currency
      

    • Nokia lowers its comparable operating profit guidance range to EUR 1.6 billion to EUR 2.1 billion from EUR 1.9 billion to EUR 2.4 billion.  
    • Adjustment relates to currency headwinds from the weaker USD and tariffs. 
    • Reports preliminary Q2 financial results of approximately EUR 4.55 billion net sales and EUR 0.3 billion comparable operating profit.  


    Espoo, Finland – Nokia is today providing an update to its financial guidance for full year 2025. Nokia’s underlying business performed as expected through the first half, however, considering currency and tariff headwinds which are outside its control and have transpired since its Q1 results, the company feels it is prudent at this point to lower its operating profit outlook range. Nokia is lowering its comparable operating profit outlook range to EUR 1.6 billion to EUR 2.1 billion (previously EUR 1.9 billion to EUR 2.4 billion). Nokia’s guidance for free cash flow conversion from comparable operating profit remains 50% to 80%. Nokia’s guidance is now based on a EUR:USD rate of 1.17, while the currency rate used in January was 1.04.

    Since Nokia provided guidance in January for the full year 2025, two headwinds outside its control are impacting the 2025 outlook. The largest headwind is currency fluctuations (particularly the weaker USD), an approximately EUR 230 million negative impact (EUR 140 million operationally and EUR 90 million from non-cash venture fund currency revaluations). Also, the current tariff landscape is expected to impact full year operating profit by EUR 50 million to EUR 80 million.  

    Update to Nokia’s financial outlook for 2025 

      Updated  Previous (Issued 30 Jan) 
    Comparable Operating Profit1  EUR 1.6 billion to EUR 2.1 billion  EUR 1.9 billion to EUR 2.4 billion 
    Free cash flow conversion from comparable operating profit  50% to 80%  50% to 80% 

    1 Outlook is based on a EUR:USD rate of 1.17 for the remainder of the year.

    In the second quarter, based on its preliminary financials, Nokia expects to report net sales of approximately EUR 4.55 billion and comparable operating profit of EUR 300 million. The Q2 comparable operating profit includes a negative impact from its venture funds of EUR 50 million primarily related to currency.  

    Nokia will release its second quarter and half year 2025 financial results on Thursday 24th July 2025.  

    Nokia will conduct a conference call with analysts and investors to discuss its second quarter performance and business outlook on 24 July 2025 at 11:30am EEST / 09:30am BST / 04:30am US EST.  

    About Nokia

    At Nokia, we create technology that helps the world act together.

    As a B2B technology innovation leader, we are pioneering networks that sense, think and act by leveraging our work across mobile, fixed and cloud networks. In addition, we create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs, which is celebrating 100 years of innovation.

    With truly open architectures that seamlessly integrate into any ecosystem, our high-performance networks create new opportunities for monetization and scale. Service providers, enterprises and partners worldwide trust Nokia to deliver secure, reliable and sustainable networks today – and work with us to create the digital services and applications of the future.

    Inquiries:

    Nokia Communications
    Phone: +358 10 448 4900
    Email: press.services@nokia.com
    Maria Vaismaa, Global Head of External Communications

    Nokia
    Investor Relations
    Phone: +358 931 580 507 
    Email: investor.relations@nokia.com

    FORWARD-LOOKING STATEMENTS 

    Certain statements herein that are not historical facts are forward-looking statements. These forward-looking statements reflect Nokia’s current expectations and views of future developments and include statements regarding: A) expectations, plans, benefits or outlook related to our strategies, projects, programs, product launches, growth management, licenses, sustainability and other ESG targets, operational key performance indicators and decisions on market exits; B) expectations, plans or benefits related to future performance of our businesses (including the expected impact, timing and duration of potential global pandemics, geopolitical conflicts and the general or regional macroeconomic conditions on our businesses, our supply chain, the timing of market changes or turning points in demand and our customers’ businesses) and any future dividends and other distributions of profit; C) expectations and targets regarding financial performance and results of operations, including market share, prices, net sales, income, margins, cash flows, cost savings, the timing of receivables, operating expenses, provisions, impairments, tariffs, taxes, currency exchange rates, hedging, investment funds, inflation, product cost reductions, competitiveness, value creation, revenue generation in any specific region, and licensing income and payments; D) ability to execute, expectations, plans or benefits related to transactions, investments and changes in organizational structure and operating model; E) impact on revenue with respect to litigation/renewal discussions; and F) any statements preceded by or including “anticipate”, “continue”, “believe”, “envisage”, “expect”, “aim”, “will”, “target”, “may”, “would”, “could“, “see”, “plan”, “ensure” or similar expressions. These forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond our control, which could cause our actual results to differ materially from such statements. These statements are based on management’s best assumptions and beliefs in light of the information currently available to them. These forward-looking statements are only predictions based upon our current expectations and views of future events and developments and are subject to risks and uncertainties that are difficult to predict because they relate to events and depend on circumstances that will occur in the future. Factors, including risks and uncertainties that could cause these differences, include those risks and uncertainties identified in our 2024 annual report on Form 20-F published on 13 March 2025 under Operating and financial review and prospects-Risk factors.

    The MIL Network –

  • MIL-OSI: Inside Information: Nokia lowers 2025 operating profit guidance due to currency  

    Source: GlobeNewswire (MIL-OSI)

    Nokia Corporation
    Inside information
    22 July 2025 at 19:00 EEST

    Inside Information: Nokia lowers 2025 operating profit guidance due to currency
      

    • Nokia lowers its comparable operating profit guidance range to EUR 1.6 billion to EUR 2.1 billion from EUR 1.9 billion to EUR 2.4 billion.  
    • Adjustment relates to currency headwinds from the weaker USD and tariffs. 
    • Reports preliminary Q2 financial results of approximately EUR 4.55 billion net sales and EUR 0.3 billion comparable operating profit.  


    Espoo, Finland – Nokia is today providing an update to its financial guidance for full year 2025. Nokia’s underlying business performed as expected through the first half, however, considering currency and tariff headwinds which are outside its control and have transpired since its Q1 results, the company feels it is prudent at this point to lower its operating profit outlook range. Nokia is lowering its comparable operating profit outlook range to EUR 1.6 billion to EUR 2.1 billion (previously EUR 1.9 billion to EUR 2.4 billion). Nokia’s guidance for free cash flow conversion from comparable operating profit remains 50% to 80%. Nokia’s guidance is now based on a EUR:USD rate of 1.17, while the currency rate used in January was 1.04.

    Since Nokia provided guidance in January for the full year 2025, two headwinds outside its control are impacting the 2025 outlook. The largest headwind is currency fluctuations (particularly the weaker USD), an approximately EUR 230 million negative impact (EUR 140 million operationally and EUR 90 million from non-cash venture fund currency revaluations). Also, the current tariff landscape is expected to impact full year operating profit by EUR 50 million to EUR 80 million.  

    Update to Nokia’s financial outlook for 2025 

      Updated  Previous (Issued 30 Jan) 
    Comparable Operating Profit1  EUR 1.6 billion to EUR 2.1 billion  EUR 1.9 billion to EUR 2.4 billion 
    Free cash flow conversion from comparable operating profit  50% to 80%  50% to 80% 

    1 Outlook is based on a EUR:USD rate of 1.17 for the remainder of the year.

    In the second quarter, based on its preliminary financials, Nokia expects to report net sales of approximately EUR 4.55 billion and comparable operating profit of EUR 300 million. The Q2 comparable operating profit includes a negative impact from its venture funds of EUR 50 million primarily related to currency.  

    Nokia will release its second quarter and half year 2025 financial results on Thursday 24th July 2025.  

    Nokia will conduct a conference call with analysts and investors to discuss its second quarter performance and business outlook on 24 July 2025 at 11:30am EEST / 09:30am BST / 04:30am US EST.  

    About Nokia

    At Nokia, we create technology that helps the world act together.

    As a B2B technology innovation leader, we are pioneering networks that sense, think and act by leveraging our work across mobile, fixed and cloud networks. In addition, we create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs, which is celebrating 100 years of innovation.

    With truly open architectures that seamlessly integrate into any ecosystem, our high-performance networks create new opportunities for monetization and scale. Service providers, enterprises and partners worldwide trust Nokia to deliver secure, reliable and sustainable networks today – and work with us to create the digital services and applications of the future.

    Inquiries:

    Nokia Communications
    Phone: +358 10 448 4900
    Email: press.services@nokia.com
    Maria Vaismaa, Global Head of External Communications

    Nokia
    Investor Relations
    Phone: +358 931 580 507 
    Email: investor.relations@nokia.com

    FORWARD-LOOKING STATEMENTS 

    Certain statements herein that are not historical facts are forward-looking statements. These forward-looking statements reflect Nokia’s current expectations and views of future developments and include statements regarding: A) expectations, plans, benefits or outlook related to our strategies, projects, programs, product launches, growth management, licenses, sustainability and other ESG targets, operational key performance indicators and decisions on market exits; B) expectations, plans or benefits related to future performance of our businesses (including the expected impact, timing and duration of potential global pandemics, geopolitical conflicts and the general or regional macroeconomic conditions on our businesses, our supply chain, the timing of market changes or turning points in demand and our customers’ businesses) and any future dividends and other distributions of profit; C) expectations and targets regarding financial performance and results of operations, including market share, prices, net sales, income, margins, cash flows, cost savings, the timing of receivables, operating expenses, provisions, impairments, tariffs, taxes, currency exchange rates, hedging, investment funds, inflation, product cost reductions, competitiveness, value creation, revenue generation in any specific region, and licensing income and payments; D) ability to execute, expectations, plans or benefits related to transactions, investments and changes in organizational structure and operating model; E) impact on revenue with respect to litigation/renewal discussions; and F) any statements preceded by or including “anticipate”, “continue”, “believe”, “envisage”, “expect”, “aim”, “will”, “target”, “may”, “would”, “could“, “see”, “plan”, “ensure” or similar expressions. These forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond our control, which could cause our actual results to differ materially from such statements. These statements are based on management’s best assumptions and beliefs in light of the information currently available to them. These forward-looking statements are only predictions based upon our current expectations and views of future events and developments and are subject to risks and uncertainties that are difficult to predict because they relate to events and depend on circumstances that will occur in the future. Factors, including risks and uncertainties that could cause these differences, include those risks and uncertainties identified in our 2024 annual report on Form 20-F published on 13 March 2025 under Operating and financial review and prospects-Risk factors.

    The MIL Network –

  • MIL-OSI United Kingdom: Oxford landlord found guilty of failing to comply with HMO licence conditions

    Source: City of Oxford

    Tuesday, 22 July 2025

    An Oxford landlord has been fined £5,500 after being found guilty of failing to comply with HMO licence conditions at a home in Headington.

    Aslam Javid Dogar, (61), of Lime Walk in Oxford, was found guilty of nine counts of failing to comply with the conditions of the HMO licence for 182 Headington Road.  

    The failure to comply with licence conditions included: 

    • an inadequate fire alarm system  
    • fire doors that had not been maintained in good order and repair 
    • a lack of guarding on the staircase and landing between the first and second floors 
    • no mechanical ventilation fitted in either kitchen or bathroom  
    • the property being generally in a poor state of repair 

    Alongside the £5,500 fine, Dogar was ordered to pay costs of £3,678 and a victim surcharge of £2,000 at Oxford Magistrates’ Court on 8 July 2025. 

    , 

    “Some landlords are taking advantage of the city’s housing shortage to rent out badly maintained properties to multiple occupants.  

    The HMO licensing scheme was introduced to raise standards in the city’s private rental sector and make sure all rented homes are safe for tenants to live in.  

    The message to landlords is clear, if you don’t meet your legal obligations to your tenants and keep your properties up to the required standard then the city council will prosecute you.  

    I am pleased by the substantial fine charged in this particular case as it serves as a deterrent to other landlords, and serves notice that HMO standards will be upheld.” 

    – Councillor Linda Smith, Cabinet Member for Housing

    If you suspect a property may be an unlicensed HMO or know of an HMO which is unsafe, in poor repair or you have concerns about its management, you can report it anonymously for investigation on the Council’s website.  

    For more information contact: 

    Oxford City Council 

    Press Office 

    01865 252096 

    pressoffice@oxford.gov.uk 
     

    MIL OSI United Kingdom –

  • MIL-OSI Russia: US announces withdrawal from UNESCO again

    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

    WASHINGTON, July 22 (Xinhua) — The United States on Tuesday announced its decision to withdraw from the United Nations Educational, Scientific and Cultural Organization (UNESCO), two years after rejoining it.

    According to a statement from the US State Department, the decision was made in connection with UNESCO’s policy, which Washington believes “promotes divisive social and cultural initiatives” against the backdrop of the Israeli-Palestinian conflict.

    “UNESCO’s decision to admit the ‘State of Palestine’ as a member state is highly problematic, runs counter to US policy and contributes to the spread of anti-Israeli rhetoric within the organization,” the statement said.

    The US withdrawal from UNESCO will take effect at the end of December 2026.

    This is the third time the United States has withdrawn from the organization, and the second time during the Donald Trump administration. Since the start of Trump’s second term this year, his administration has already announced withdrawals from the Paris Climate Agreement, the World Health Organization, and the UN Human Rights Council. –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: China issues regulations on rural highways

    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 22 (Xinhua) — Chinese State Council Premier Li Qiang signed a State Council order on issuing regulations to promote high-quality development of rural highways and ensure that they meet the needs of comprehensive rural revitalization and accelerated agricultural and rural modernization.

    The regulations on rural highways, which will take effect on September 15, stipulate that the development of rural highways should be in line with China’s coordinated efforts to promote new-type urbanization and all-round rural revitalization.

    The document notes the need to adhere to the principle of equal attention to construction, management, maintenance and operation, gradually improving a comprehensive, accessible, safe, practical, convenient and efficient rural transport infrastructure network.

    It is stated that the quality of rural highway networks should be improved and their connections with national and provincial highways should be ensured to promote the integration of urban and rural transportation. Existing rural highways that do not meet the minimum technical requirements should be upgraded.

    The document provides for strengthening the management and maintenance of rural roads through a clear division of responsibilities, and also requires regular inspections and the identification of hidden safety threats.

    As emphasized in the regulations, local governments at all levels should promote the integrated construction of rural roads and related infrastructure facilities, industrial parks and tourist attractions located along them, which will promote the comprehensive development of rural passenger transportation, freight logistics, postal services and express delivery, and enhance the ability of rural roads to serve economic circulation between urban and rural areas. –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: Uzbekistan’s Economy Grew by 7.2% in First Half of Year

    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

    Tashkent, July 22 (Xinhua) — Uzbekistan’s economy grew by 7.2 percent year-on-year in the first half of this year, local media reported on Tuesday, citing the National Statistics Committee of the Republic of Uzbekistan.

    According to preliminary data, the gross domestic product (GDP) of Uzbekistan for January-June 2025 increased by 7.2 percent compared to the same period in 2024.

    It is noted that the country’s foreign trade turnover increased by 16.1 percent in the first six months of 2025.

    In June, the press service of the President of Uzbekistan reported, citing the head of state Shavkat Mirziyoyev, that over the past 8 years, the country’s GDP has doubled and the goal has been set to bring it to 200 billion US dollars by 2030. –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: SOITEC REPORTS FIRST QUARTER REVENUE OF FISCAL YEAR 2026

    Source: GlobeNewswire (MIL-OSI)

    SOITEC REPORTS FIRST QUARTER REVENUE OF FISCAL YEAR 2026

    • Q1’26 revenue: €92m, down 16% year-on-year on an organic1basis, slightly better than the guidance
    • Q1’26 year-on-year revenue development reflects, as expected, ongoing RF-SOI inventory correction among customers, a weak automotive market, the anticipated phase-out of first-generation Imager-SOI, and the strong momentum in Photonics-SOI
    • Q2’26 revenue is expected to grow around 50% versus Q1’26, on an organic basis

    Bernin (Grenoble), France, July 22nd, 2025 – Soitec (Euronext Paris), a world leader in designing and manufacturing innovative semiconductor materials, today announced unaudited consolidated revenue of 92 million Euros for the first quarter of FY’26 (ended on June 29th, 2025), down 24% on a reported basis compared with 121 million Euros achieved in the first quarter of FY’25. This reflects a 16% decline on an organic basis, a negative currency impact of 5% and a negative scope effect2 of 3% related to the divestment of Dolphin Design’s businesses.

    Pierre Barnabé, Soitec’s CEO, commented: “Q1’26 revenue was slightly better than the guidance, down 16% year-on-year on an organic basis. This includes the phase-out of Imager-SOI. Artificial Intelligence continues to support strong growth in Edge & Cloud AI division, with traction both at the edge and in the cloud accelerating adoption of FD-SOI for Edge AI and Photonics-SOI for data centers. Conversely, the correction of RF-SOI inventories among our direct customers, and the ongoing weakness in the Automotive market continued to impact our revenue.

    Looking ahead, we expect Q2’26 revenue to grow around 50% versus Q1’26, on an organic basis. This reflects ongoing RF-SOI inventory correction in Mobile Communications, continued weakness in Automotive & Industrial, and strong growth in Edge & Cloud AI.

    In an uncertain and volatile environment, we remain focused on the factors within our control to prepare Soitec for the future. We are broadening our end-market exposure and customer base to diversify the company’s foundations. In parallel, we are accelerating the expansion of our product portfolio – across both SOI and compound semiconductors – to serve a wider range of applications. At the same time, we are building robust ecosystems that support the adoption of our products, with the ambition of establishing them as new industry standards.”

    First quarter FY’26 consolidated revenue

      Q1’26 Q1’25 Q1’26/Q1’25
             
             
    (Euros million)     change reported chg. at const. exch. rates & perimeter
             
    Mobile Communications 43 48 -12% -7%
    Automotive & Industrial 5 26 -82% -81%
    Edge & Cloud AI 44 46 -4% +13%
             
    Revenue 92 121 -24% -16%

    Mobile Communications

    Mobile Communications revenue reached 43 million Euros in Q1’26, down 7% year-on-year on an organic basis.

    After a strong seasonal tailwind in Q4’25, further correction was expected in RF-SOI customer inventories. As a result, sales of RF-SOI wafers decreased to a low level in Q1’26, below Q1’25. This mostly reflects a significant year-on-year decrease in 200-mm RF-SOI volumes sold. Sales of 300-mm RF-SOI wafers were higher than in Q1’25, driven by higher volumes, despite a slightly negative price / mix effect.

    Sales of POI (Piezoelectric-on-Insulator) wafers dedicated to RF filters were stable year-on-year, reflecting ongoing growth with key US customers and a temporary slowdown in Asia. POI is becoming the reference substrate for advanced Surface Acoustic Wave (SAW) filters, increasingly adopted by leading fabless globally.

    Sales of FD-SOI wafers, the only solution for fully integrated 5G mmWave system-on-chip, were significantly higher than in Q1’25. FD-SOI adoption is progressing with first design wins for Wi-Fi 7 SoCs, for premium Android smartphones.

    Automotive & Industrial

    In a persistently complicated automotive market, Automotive & Industrial revenue reached 5 million Euros in Q1’26, down 81% year-on-year on an organic basis.

    As expected, the Power-SOI inventory replenishment that took place at customer level in Q4’25, came at the expense of volumes in Q1’26, and will continue to impact Q2’26. Meanwhile, Soitec is accelerating the transition from 200-mm to 300-mm Power-SOI to address growing demand for Battery Management Systems.

    Automotive FD-SOI wafer sales were negligible in Q1’26, although the build-up of a solid ecosystem is supporting the strengthening of its adoption for analog/digital systems such as radars, microcontrollers and wireless connectivity.

    Regarding SmartSiCTM, the slower growth of the electric vehicle market combined with the longer qualification cycles confirms the delay in the production ramp-up, as already communicated.

    Edge & Cloud AI

    Edge & Cloud AI revenue reached 44 million Euros in Q1’26, up 13% on an organic basis compared to Q1’25 despite the discontinuation of the first generation of Imager-SOI wafers for 3D imaging applications, which recorded 25 million Dollars in revenue in Q1’25. On a reported basis, Edge & Cloud AI revenue went down 4% due to the scope effect of the divestment of Dolphin Design’s businesses combined with a negative currency impact.

    Soitec delivered another strong performance in Photonics-SOI in Q1’26, with sales significantly above Q1’25 levels. As AI computing power expands, driving demand for faster and more efficient data centers, Photonics-SOI stands out as the optimal solution for high-speed, high-bandwidth optical links, whether for pluggable transceivers or Co-Packaged Optics (CPOs). Soitec is capitalizing on strong Cloud infrastructure investments from Big Tech and AI players and is accelerating its Photonics-SOI roadmap with AI leaders.

    FD-SOI sales were also above Q1’25 levels. Thanks to its benefits in power efficiency, performance, thermal management, and reliability, FD-SOI is a key enabler of AI-driven IoT applications across consumer, healthcare, and industrial markets.

    Q2’26 outlook

    Q2’26 revenue is expected to grow around 50% versus Q1’26, on an organic basis. The impact from the phasing out of Imager-SOI will be less pronounced than in Q1’26, as Imager-SOI revenue amounted to approximately 7 million Dollars in Q2’25.

    Excluding Imager-SOI, Edge & Cloud AI is expected to maintain solid momentum and should be slightly up vs. Q1’26. Mobile Communications revenue will remain low, despite nearly doubling from Q1’26, as customers continue to work through excess RF-SOI inventory. As in Q1’26, Automotive & Industrial revenue in Q2’26 is expected to decline sharply versus Q2’25.

    Projected FY’26 Capex cash-out is confirmed around 150 million Euros, down from 230 million Euros in FY’25.

    Key events of Q1’26

    Soitec has successfully issued a new 200 million Euros Schuldschein loan

    This is a 200 million Euros Schuldschein loan offering a floating rate coupon with an average maturity of 4.1 years, which was subscribed by high quality European investors.
    The offering is structured in tranches of 3, 4, 5 & 7 years, with 72% of the transaction on the 4-year and 5-year tenors. The 100 million Euros initially planned were significantly oversubscribed, reflecting investor interest and confidence in Soitec’s financial profile and strategy, despite a volatile environment.
    The proceeds of the new Schuldschein loan will be used to partially refinance the 325 million Euros convertible bonds maturing in October 2025 and for general corporate purposes. Through this transaction, Soitec is actively managing its debt profile and extending its debt maturity.

    Soitec and PSMC collaborate on ultra-thin TLT technology for nm-scale 3D stacking

    On June 3rd, 2025, Soitec announced a strategic collaboration with Powerchip Semiconductor Manufacturing Corporation (PSMC). Under the collaboration, Soitec will supply PSMC 300mm substrates incorporating a release layer, Transistor Layer Transfer (TLT) ready, to support a new demonstration of advanced 3D chip stacking at the wafer level. This marks the first public announcement of Soitec’s TLT technology. The technology is an enabler for next-generation semiconductor designs that allow for more powerful, compact and energy-efficient chips – with potential applications ranging from smartphones, tablets and AI devices to autonomous driving systems.

    CEA-Leti and Soitec announce strategic partnership to leverage FD-SOI for enhanced security of integrated circuits

    On June 18th, 2025, CEA-Leti and Soitec announced a strategic partnership to enhance the cybersecurity of integrated circuits (ICs) through the innovative use of fully depleted silicon-on-insulator (FD-SOI) technologies. This collaboration aims to position FD-SOI as a foundational platform for secure electronics by leveraging and extending its inherent resistance to physical attacks. At the heart of the initiative is a joint effort to experimentally validate and augment the security benefits of FD-SOI—from the substrate level up to circuit design. The project aims to deliver concrete data, practical demonstrations, and roadmap guidance to meet the surging cybersecurity demands in critical markets such as automotive, industrial IoT, and secure infrastructure

    # # #

    Analysts conference call to be held in English on Wednesday 23rdJuly at 8:00 am CET.

    To listen to this conference call, the audiocast is available live and in replay at the following address: https://channel.royalcast.com/soitec/#!/soitec/20250723_1

    # # #

    Agenda

    Q2’26 revenue and H1’26 results are due to be published on November 19th, 2025, after market close.

    # # #

    Disclaimer

    This document is provided by Soitec (the “Company”) for information purposes only.

    The Company’s business operations and financial position are described in the Company’s Universal Registration Document (which notably includes the Annual Financial Report) which was filed on June 11th, 2025, with the French stock market authority (Autorité des Marchés Financiers, or AMF) under number D.25-0439. The French version of the 2024-2025 Universal Registration Document, together with English courtesy translation for information purposes of this document, are available for consultation on the Company’s website (www.soitec.com), in the section Company – Investors – Financial Reports.

    Your attention is drawn to the risk factors described in Chapter 2.1 (Risk factors and controls mechanism) of the Company’s Universal Registration Document.

    This document contains summary information and should be read in conjunction with the Universal Registration Document.

    This document contains certain forward-looking statements. These forward-looking statements relate to the Company’s future prospects, developments and strategy and are based on analyses of earnings forecasts and estimates of amounts not yet determinable. By their nature, forward-looking statements are subject to a variety of risks and uncertainties as they relate to future events and are dependent on circumstances that may or may not materialize in the future. Forward-looking statements are not a guarantee of the Company’s future performance. The occurrence of any of the risks described in Chapter 2.1 (Risk factors and controls mechanism) of the Universal Registration Document may have an impact on these forward-looking statements.

    The Company’s actual financial position, results and cash flows, as well as the trends in the sector in which the Company operates may differ materially from those contained in this document. Furthermore, even if the Company’s financial position, results, cash-flows and the developments in the sector in which the Company operates were to conform to the forward-looking statements contained in this document, such elements cannot be construed as a reliable indication of the Company’s future results or developments.

    The Company does not undertake any obligation to update or make any correction to any forward-looking statement in order to reflect an event or circumstance that may occur after the date of this document.

    This document does not constitute or form part of an offer or a solicitation to purchase, subscribe for, or sell the Company’s securities in any country whatsoever. This document, or any part thereof, shall not form the basis of, or be relied upon in connection with, any contract, commitment or investment decision.

    Notably, this document does not constitute an offer or solicitation to purchase, subscribe for or to sell securities in the United States. Securities may not be offered or sold in the United States absent registration or an exemption from the registration under the U.S. Securities Act of 1933, as amended (the “Securities Act”). The Company’s shares have not been and will not be registered under the Securities Act. Neither the Company nor any other person intends to conduct a public offering of the Company’s securities in the United States.

    # # #

    About Soitec

    Soitec (Euronext – Tech Leaders), a world leader in innovative semiconductor materials, has been developing cutting-edge products delivering both technological performance and energy efficiency for over 30 years. From its global headquarters in France, Soitec is expanding internationally with its unique solutions, and generated sales of 0.9 billion Euros in fiscal year 2024-2025. Soitec occupies a key position in the semiconductor value chain, serving three main strategic markets: Mobile Communications, Automotive and Industrial, and Edge and Cloud AI. The company relies on the talent and diversity of more than 2,200 employees, representing 50 different nationalities, working at its sites in Europe, the United States and Asia. Nearly 4,300 patents have been registered by Soitec.

    Soitec, SmartSiC™ and Smart Cut™ are registered trademarks of Soitec.

    For more information: visit our website and follow us on LinkedIn and X

    # # #

    Media Relations: media@soitec.com

    Investor Relations: investors@soitec.com

    # # #

    Consolidated revenue per quarter

    Quarterly revenue Q1’25 Q2’25 Q3’25 Q4’25 Q1’26  
    (Euros millions)            
    Mobile Communications 48   124   154   220 43    
    Automotive & Industrial 26 33 25 45 5  
    Edge & Cloud AI 46 61 47 63 44  
                 
    Revenue 121   217   226   327 92    
    Change in quarterly revenue Q1’26/Q1’25
    (vs. previous year) Reported
    change    		 Organic change1
         
    Mobile Communications -12% -7%
    Automotive & Industrial -82% -81%
    Edge & Cloud AI -4% +13%
         
    Revenue -24% -16%

    1         At constant exchange rates and comparable scope of consolidation:

    • in Q1’26 there is a negative scope effect related to the divestment of Dolphin Design’s mixed signal IP activities (completed on October 31st, 2024) and the divestment of Dolphin Design’s ASIC activities (completed on December 30th, 2024).

    1 At constant exchange rates and perimeter

    2 The scope effect is related to the divestment of Dolphin Design’s mixed-signal IP activities (completed on October 31st, 2024) and that of Dolphin Design’s ASIC activities (completed on December 30th, 2024)

    Attachment

    The MIL Network –

  • MIL-OSI United Kingdom: Welcome boost for four Plymouth bus routes

    Source: City of Plymouth

    Plymouth residents and visitors will soon benefit from extended routes and timings on four bus services, thanks to grant funding from the Department for Transport.

    From Monday 28 July the service 25, which runs between the city centre, Barbican and West Hoe, will run until 10pm instead of 6pm from Monday to Saturday. This will be a welcome improvement for people travelling to and from the waterfront later into the evening on these days (Sunday and bank holiday timetables will remain as they are).

    From Sunday 31August the service 1A will run to Derriford Hospital on Sundays and bank holidays, providing a valuable direct link between Sherford, Plymstock and the hospital seven days a week. (It currently only runs between Sherford and the city centre on Sundays and bank holidays.)

    The same will apply for the service 27, providing week-round access to the city centre and the hospital for residents in Lower Compton, Efford, Eggbuckland and Mainstone.

    We will also continue to support evening journeys on the service 2 between the city centre and Mount Batten to maintain this important link for residents.

    The contracts are being funded by the Department for Transport’s Bus Grant for 2025/26 and will run until March 2027.

    Councillor John Stephens, Cabinet Member for Strategic Planning and Transport, said: “Helping people get to and from key parts of the city is a priority for us and we want to do all we can to ensure these links are there during the evenings, as well as on Sundays and bank holidays. These improvements will hopefully make a big difference to local bus passengers, as well as visitors.”

    Unfortunately, due to very low passenger numbers, some journeys on the Council-subsidised service 4 between Plympton and the city centre (via Sherford and Plymstock) will be withdrawn from 31 August:

    Outbound from Royal Parade to Plympton Ridgeway

    6am departure (Monday to Friday)
    8.10pm and 9.10pm departures (Monday to Saturday)

    Inbound from Plympton Ridgeway to Royal Parade

    9.05pm and 10.05pm departures (Monday to Friday)
    9.01pm and 10.01pm departures (Saturday)

    For information about the extended hours of operation on service 25, see the Plymouth Citybus website.

    Information about services 1A, 2, 4 and 27 can be found on the Stagecoach South West website.

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Review Body on Doctors’ and Dentists’ Remuneration remit letter: 2026 to 2027

    Source: United Kingdom – Executive Government & Departments 2

    Correspondence

    Review Body on Doctors’ and Dentists’ Remuneration remit letter: 2026 to 2027

    Letter about the pay round for the financial year 2026 to 2027 from the Secretary of State for Health and Social Care to the Review Body on Doctors’ and Dentists’ Remuneration (DDRB).

    Documents

    Review Body on Doctors’ and Dentists’ Remuneration remit letter: 2026 to 2027

    HTML

    Details

    This letter to the Chair of the Review Body on Doctors’ and Dentists’ Remuneration (DDRB) sets out the remit from the Department of Health and Social Care to DDRB. It concerns the pay round for the financial year 2026 to 2027.

    Updates to this page

    Published 22 July 2025

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    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Senior Salaries Review Body remit letter: 2026 to 2027

    Source: United Kingdom – Executive Government & Departments 2

    Correspondence

    Senior Salaries Review Body remit letter: 2026 to 2027

    Letter about the pay round for the financial year 2026 to 2027 from the Secretary of State for Health and Social Care to the Senior Salaries Review Body.

    Documents

    Senior Salaries Review Body remit letter: 2026 to 2027

    HTML

    Details

    This letter to the Senior Salaries Review Body (SSRB) sets out the remit from the Department of Health and Social Care (DHSC) to the SSRB.

    It concerns the pay round for the financial year 2025 to 2026.

    Updates to this page

    Published 22 July 2025

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    MIL OSI United Kingdom –