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Category: Finance

  • MIL-OSI USA: Warner, Kaine, Colleagues Introduce Legislation to Increase Transparency in Immigration Enforcement

    US Senate News:

    Source: United States Senator for Virginia Tim Kaine

    CLICK BELOW TO DOWNLOAD BROADCAST-QUALITY AUDIO AND VIDEO:

    SEN. WARNER ON THIS LEGISLATION

    SEN. KAINE ON THIS LEGISLATION 

    WASHINGTON, D.C. – U.S. Senators Mark R. Warner and Tim Kaine (both D-VA) were joined by Sens. Angus King (I-ME), Michael Bennett (D-CO), and John Hickenlooper (D-CO) in introducing today to increase transparency, accountability, and safety in immigration law enforcement. The Immigration Enforcement Identification Act would prohibit law enforcement officers from obscuring their faces and require that they clearly display their agency, their name and a unique identifier while conducting immigration enforcement functions, with some commonsense exceptions for select tactical missions and officer health and safety. This legislation also provides federal law enforcement agencies with the authority to better protect law enforcement officers and their families from doxing.

    This legislation comes as the Department of Homeland Security prepares to hire and deploy thousands of new immigration enforcement agents, thanks to a dramatic infusion of funding by congressional Republicans that makes Immigration and Customs Enforcement (ICE) better funded than all but 15 of the world’s militaries.

    “Communities around the country have been clear: we should not have armed, masked, and unidentified individuals prowling around neighborhoods and snatching people off the street. This conduct poses a great risk for everyone involved, from the officers themselves to well-intentioned bystanders who may misunderstand the situation,” said Warner. “Despite the risks, our local police officers, state troopers, national guardsmen, and even members of the armed forces interact with communities every with full-faced transparency – the kind that creates trust and helps hold us all to higher standards. I’m proud to introduce this legislation to hold ICE to the same standards that the vast majority of American law enforcement are held to.”

    “In recent months, we’ve seen how some ICE officers and agents – without clear indicia that they are law enforcement and often wearing masks – conducting immigration operations have caused fear and unnecessary danger on our streets and even in sensitive locations like county courthouses,” Kaine said. “This legislation would require ICE officers and agents to visibly identify themselves as law enforcement, helping to enhance safety and mitigate risk of violence if people misunderstand what’s happening. Our bill would also help to protect these officers and agents and their families from doxing and physical harm by giving them the tool to take their personal information such as their home addresses off the internet.”

    “This legislation is simple: the bad guys wear masks, not law enforcement officers. Our police, first responders and public safety officials play an important role in keeping our communities safe and free from harm, but there also needs to be accountability and transparency in the line of duty,” said King. “The uptick in immigration agents not clearly identifying themselves while on the job has eroded an already diminishing trust with the communities they serve. The Immigration Enforcement Identification Act would set reasonable, commonsense standards for immigration officer identification, and provide law enforcement personnel and their families with the appropriate resources to prevent doxxing.”

    “Masked immigration enforcement agents performing arrests without identification is deeply troubling,” said Bennet. “We must hold all law enforcement to the same standard of accountability. This legislation protects due process rights, prioritizes safe community encounters, and upholds proper immigration enforcement.”

    “We are deeply concerned about reports of ICE agents taking families off the street without identification,” said Hickenlooper. “Our bill is about promoting trust and transparency in our communities, and enforcing basic due process rights.”

    According to the Department of Homeland Security, ICE does not have a “face-covering” policy. In recent months, ICE and agencies supporting ICE have been widely observed conducting immigration enforcement in plain clothes, out of unmarked cars, and while wearing a variety of imprecise or inscrutable insignia that makes them impossible to identify.

    The Immigration Enforcement Identification Act would require that all federal law enforcement and state and local law enforcement partners be identifiable while conducting immigration enforcement functions. This includes federal law enforcement organizations such as ICE, Customs and Border Protection (CBP), Border Patrol (BP), Federal Bureau of Investigations (FBI), Drug Enforcement Agency (DEA), Bureau of Alcohol, Tobacco, and Firearms (ATF), U.S. Marshals, as well as state and local partners working with the federal government on immigration enforcement.

    This bill also takes important steps to help protect members of law enforcement and their families by providing personal data privacy services for immigration enforcement officers whose official duties may put them at increased risk of being the target of threats, intimidation, harassment, stalking, or a similar action. These services can help an individual monitor their sensitive personal information – including their personal phone number, home address, or other information that could be used to commit crimes against members of law enforcement – and remove it from websites, platforms, and data brokers.

    This legislation has the support of the Law Enforcement Action Partnership (LEAP), Immigration Hub, American Immigration Lawyers Association (AILA), and Service Employees International Union (SEIU).

    “This legislation strikes the right balance between transparency and officer safety,” said Law Enforcement Action Partnership Executive Director Lt. Diane Goldstein (Ret.). “Operating with clear identification – name, agency, and badge number – is standard practice for accountability across policing and the military, and there is no reason federal immigration officers should be exempt. At the same time, providing officers with additional tools to protect against doxing ensures that this critical effort to maintain and rebuild public trust does not come at the cost of security.”

    “The Immigration Enforcement Identification Safety Act of 2025 brings long-overdue transparency and accountability to immigration enforcement while giving law enforcement officers more tools to protect themselves. Just as we require our military and law enforcement to identify themselves during civil operations, it is both reasonable and essential to expect the same of immigration officers. Displaying names or unique identifiers and ensuring visible faces not only builds public trust but also protects the integrity of our institutions and the rights of the individuals they encounter. At the same time, this bill provides resources for agents to protect themselves,” said Immigration Hub Co-Executive Director Kerri Talbot.

    “No one – White, Black, Brown, AAPI, or Immigrant – should live in fear of masked agents snatching people off of the streets without identifying themselves. Families often don’t know where their loved ones are being held or who may be next. Our communities need safety and trust, not terror and chaos,” said SEIU Secretary Treasurer Rocio Saenz.

    Text of this legislation is available here. A summary is available here.

    MIL OSI USA News –

    August 5, 2025

  • MIL-OSI USA: Bill to Fund Key Defense Programs in Maine Clears Appropriations Committee

    US Senate News:

    Source: United States Senator for Maine Susan Collins

    Washington, D.C. – U.S. Senator Susan Collins, Chair of the Appropriations Committee, announced that she secured significant funding and provisions for Maine in the Fiscal Year 2026 Defense Appropriations Act. The bill, which was officially approved by the Senate Appropriations Committee today, now awaits consideration by the full Senate and House.

    The measure, which was advanced by a vote of 26-3, provides $851.9 billion in discretionary funding.

    “This legislation supports the brave men and women of our armed forces as well as the hardworking Mainers at BIW, PNSY, Pratt & Whitney, and elsewhere across the state, who make invaluable contributions to our nation’s defense,” said Senator Collins. “As the Chair of the Appropriations Committee, I will continue to advance this funding as the appropriations process moves forward.”

    Bill Highlights: 

    Pay increase: Funds a 3.8 percent pay raise for servicemembers and a 10 percent pay raise for junior enlisted personnel.

    Bath Iron Works (BIW) Workforce:

    • $1.3 billion in advance procurement for a third FY 2027 DDG-51.
    • $450 million for large surface combatant shipyard infrastructure investments.
    • $181.5 million for cost-to-complete costs of prior year DDG-51s.

    Portsmouth Naval Shipyard (PNSY) Workforce: Maintains a requirement that the Navy induct no fewer than 100 apprentices at PNSY and each of the other shipyards.

    • $19 billion to fund all executable ship depot maintenance operations at public and private shipyards, including $1.4 billion at PNSY.
    • $1.2 billion for the Navy’s Shipyard Infrastructure Optimization Program, including $24.1 million for infrastructure investments at PNSY.
    • $153.4 million for Virginia-class submarine spares and repair parts to assist in efficient submarine maintenance at PNSY.

    Pratt & Whitney Workforce:

    • $280 million split equally between the Navy and the Air Force for F-135 spare parts.
    • $282.5 million for F-135 Engine Core Upgrade, which will upgrade the current F-35 engine for all three F-35 variants.
    • Bill language prohibiting the integration of any alternative engine into the F-35.

    University of Maine (UMaine) Defense Research: $27.5 million for Department of Defense research that could benefit research and development efforts at UMaine, including $10 million to support the continued construction of UMaine’s flagship Additive and Hybrid Manufacturing pilot facility.

    Marine Corps Investments: $44 million to support ongoing Marine Corps investments in amphibious, autonomous ground vehicle systems that enhance mobility, survivability, and operational reach in contested environments. One such platform is the Ripsaw Robotic Combat Vehicle, developed by Howe & Howe Technologies—a defense manufacturer based in Waterboro, Maine. Senator Collins has championed this cutting-edge technology as a model for the kind of innovation and industrial capability needed to strengthen the U.S. defense industrial base.

    MIL OSI USA News –

    August 5, 2025

  • MIL-OSI: CLEAR Joins White House and CMS Effort to Power an Interoperable, Secure Digital Health Ecosystem

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, July 31, 2025 (GLOBE NEWSWIRE) — CLEAR (NYSE: YOU), the secure identity platform, is participating in the Centers for Medicare & Medicaid Services (CMS) Health Tech Ecosystem initiative, a nationwide effort to deliver a more connected, patient-centered healthcare system.

    CLEAR was proud to stand alongside government, healthcare, and technology leaders at the White House this week to support the launch of this national collaboration, and to reinforce its role as the trusted, full service Identity Assurance Level 2 (IAL2)/Authenticator Assurance Level 2 (AAL2) identity layer underpinning partner ecosystems across healthcare.

    “CLEAR applauds the Administration’s commitment to accelerating the digital transformation of healthcare and is proud to be a trusted partner in this nationwide effort,” said Caryn Seidman Becker, CEO of CLEAR. “By serving as an IAL2 identity layer in healthcare ecosystems, CLEAR is helping to kill the clipboard, eliminate friction, and give patients control of their medical information in a secure, seamless way. We believe identity is the key to unlocking personalized, efficient, and patient-centered care.”

    At the heart of this CMS-led effort is a push to make health data more accessible, interoperable, and actionable, empowering patients, reducing provider burden, and improving outcomes. CLEAR’s reusable identity platform for healthcare organizations and businesses, CLEAR1, is already enabling this transformation across leading platforms and health systems, including Epic, Surescripts, Wellstar, Community Health Network, University of Miami Health and b.well.

    These partners are leveraging CLEAR1 for use cases such as streamlining patient onboarding and check-in, enhancing workforce security, simplifying access to medical records, and strengthening data protection. Together, these efforts demonstrate how secure, interoperable identity can reduce friction, lower costs, and enable a more connected healthcare experience.

    CLEAR1 is a NIST IAL2/AAL2-compliant identity solution that gives patients and providers a reusable, privacy-centric credential to unlock services across the care journey, whether creating a MyChart account, verifying coverage, or accessing claims data.

    Over 60 companies have signed on to the CMS Health Tech Ecosystem pledge, committing to advance tools that:

    • Help patients manage chronic conditions like diabetes and obesity
    • Use AI assistants to navigate symptoms and schedule care
    • “Kill the clipboard” by digitizing check-in and intake
    • Securely share data across trusted networks using modern identity credentials

    “We are excited that identity services – like CLEAR – are making it possible for patients and providers to use verified, secure identity as part of CMS’s Health Tech Ecosystem,” said Amy Gleason, Acting Administrator for the U.S. DOGE Service and Strategic Advisor to the Department of Health and Human Services and the Centers for Medicare and Medicaid. “Checking in at the doctor’s office should be the same as boarding a flight. Patients should be able to scan a QR code to instantly and safely share their identity, insurance and medical history”.

    “Our work with CLEAR has meaningfully improved the speed and reliability of provider identity verification across our network,” said Frank Harvey, CEO of Surescripts. “It’s a powerful example of how focused collaboration can drive real progress. This pledge builds on that momentum—demonstrating how innovators across healthcare are advancing interoperability to reduce administrative burden and refocus clinicians’ time where it matters most: patient care.”

    “Identity is foundational to creating the connected, consumer-first healthcare experience that people expect, and it’s what b.well was built to deliver,” said Kristen Valdes, CEO and Founder of b.well. “Our partnership with CLEAR brings a trusted, IAL2-compliant identity layer into that experience, giving patients and caregivers a seamless, unified way to access and share their health information across providers and platforms.”

    “As part of our pledge to become a CMS Aligned Network, our relationship and planned integration with CLEAR will give us a unique opportunity to bring IAL2 identity verification to providers who are newer to the interoperability space,” said Therasa Bell, President and Founder of Kno2. “That includes nurses, physical therapists, behavioral health providers, dentists, and paramedics, and it will enable them to securely communicate and share patient records across the broader healthcare ecosystem.”

    “Modern identity is the key to enabling safe, secure, and trusted data exchange across healthcare,” said Aneesh Chopra, former Chief Technology Officer of the United States. “CLEAR’s work to deliver IAL2-compliant digital identity helps unlock the promise of interoperability—giving patients and providers the confidence to share information seamlessly and securely.”

    CLEAR1 is already powering many of these functions across CLEAR’s health, financial services, and workforce partners—and stands ready to support the rollout of CMS-Aligned Networks in 2026 and beyond.

    About CLEAR
    CLEAR’s mission is to strengthen security and create frictionless experiences. With over 31 million Members and a growing network of partners across the world, CLEAR’s secure identity platform is transforming the way people live, work, and travel. Whether you are traveling, at the stadium, or on your phone, CLEAR connects you to the things that make you, you – making everyday experiences easier, more secure, and friction-free. CLEAR is committed to privacy done right. Members are always in control of their own information, and we never sell Member data. For more information, visit clearme.com.

    Forward-Looking Statements
    This release may contain statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. This includes, without limitation, statements relating to CLEAR’s participation in the CMS Health Tech Ecosystem initiative. Investors are cautioned that any and such forward-looking statements are not guarantees of future performance or results and involve risks and uncertainties, and that actual results, developments and events may differ materially from those in the forward-looking statements as a result of various factors, including risks associated with the initiative and CLEAR’s participation therein, and those described in the Company’s filings within the Securities and Exchange Commission, including the sections titled “Risk Factors” in our Annual Report on Form 10- K. The Company disclaims any obligation to update any forward-looking statements contained herein.

    CLEAR
    media@clearme.com

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

    The MIL Network –

    August 5, 2025

  • MIL-OSI Australia: UPDATE: Charges – Aggravated assault – Moulden

    Source: Northern Territory Police and Fire Services

    Investigators from Strike Force Lyra have now charged a 28-year-old male in relation to an aggravated assault that occurred in Moulden on Wednesday morning.

    He was served with two domestic violence orders and charged with Reckless endangering serious harm-aggravated, Aggravated assault, and Going armed in public.

    He will appear in Darwin Local Court today. 

    If you or someone you know are experiencing difficulties due to domestic violence, support services are available, including, but not limited to, 1800RESPECT (1800737732) or Lifeline 131 114.

    MIL OSI News –

    August 5, 2025

  • MIL-OSI Submissions: East Europe – €12 Million Investment Brings Moldova’s First ibis Styles Hotel to Chișinău

    Source: Invest Moldova Agency

    A New Urban Hospitality Hub to Open in Fall 2025 as Part of the “German Village” Concept

    Chișinău, Republic of Moldova – July 31, 2025 – Amid a surge in tourism and international travel, Moldova is set to welcome its first ibis Styles hotel, part of the renowned Accor Group, a global leader in the hospitality industry. Scheduled to open in fall 2025, the project represents a €12 million investment and marks a new milestone in the development of Moldova’s HORECA and tourism infrastructure.

    The hotel is a flagship component of the “German Village” urban concept, developed by Regata Imobiliare SRL, and is strategically located on the main road to Chișinău International Airport (RMO)—one of Europe’s most dynamic airports in its category, with a 48.3% increase in passenger traffic in the first half of 2025 alone, totaling over 2.45 million travelers.

    “The opening of ibis Styles Chișinău marks a defining moment in the evolution of tourism in the Republic of Moldova. Through this project, we are contributing to the creation of a new hub of economic and touristic appeal, offering guests a hospitality experience that meets international standards in a creative and inclusive space. We are proud to be part of a project with such a broad and forward-looking vision for the urban future of Chișinău,”

    – Natalia Dubina, General Manager, ibis Styles Chișinău.

    “We are encouraged by the growing investment in Moldova’s tourism sector, reflecting the country’s rising profile as an attractive destination for the millions of visitors it welcomes each year.”

    – Natalia Bejan, Director, Invest Moldova Agency

    With a modern design inspired by tennis—echoing the creative identity of the wider development—the hotel will feature:

    • 100 contemporary rooms
    • A modular event center (200+ m²)
    • A restaurant with bar and terrace
    • A fitness area
    • 45 parking spaces.

    The investment has already generated approximately 50 new jobs and is expected to attract international hospitality expertise to Moldova, further supporting local economic development.

    This launch also signals Moldova’s increasing attractiveness for global hospitality groups and highlights the country’s potential to emerge as a competitive destination in Central and Eastern Europe, driven by sustainable, functional, and socially impactful development.

    Recent sector tr

    MIL OSI – Submitted News –

    August 5, 2025

  • MIL-OSI Submissions: Africa – BADEA Approves USD120 million to support Shelter Afrique Development Bank Capitalization Program

    Source: Media Fast

    Nairobi, Kenya – [31 July 2025] – Shelter Afrique Development Bank (ShafDB) has announced the signing of a strategic agreement with the Arab Bank for Economic Development in Africa (BADEA) to support its transformative capital increase initiative.

    Effectively, BADEA has approved a landmark USD 120 million to support the capitalization program of Shelter Afrique Development Bank, the leading Pan-African institution focused on affordable housing and urban development. The concessional financing facility will help eligible member states settle and increase their capital subscriptions to ShafDB.

    This initiative, developed in partnership with the Arab Bank for Economic Development in Africa (BADEA), introduces an innovative financing mechanism through which eligible member states can access on-lending at competitive terms. The BADEA-supported facility, totaling USD 120 million, will be used to settle and boost member states’ capital subscriptions to Shelter Afrique Development Bank (ShafDB).

    “This agreement with BADEA marks a critical step in strengthening our capital base and advancing our mission of financing affordable housing and sustainable urban infrastructure across Africa,” said Thierno Habib-Hann, Managing Director of Shelter Afrique Development Bank. “We are grateful to BADEA for its strong partnership and unwavering support in this pivotal phase of our institutional evolution.”

    The new capital increase program includes an initial equal allocation to all member states, followed by a phased reallocation, first on a pro-rata basis, and then on a first-come, first-served basis. This approach aims to encourage active participation by member states and to strengthen ShafDB’s capital adequacy in a balanced and transparent manner.

    Commenting on the program, the president of BADEA H.E. Abdullah KH ALMUSAIBEEH, “We see this capital program as a strategic milestone in Shelter Afrique Development Bank’s evolution. BADEA is proud to back this initiative and we remain committed to our shared mission of enabling access to decent housing and inclusive urban development across Africa.”

    The need to enhance equity capital has become critical following the institution’s transformation into a Development Bank, a milestone formally approved by Shelter Afrique’s shareholders during the Extraordinary General Meeting (EGM) held in Algiers, Algeria, in October 2023.

    Building on this transformation, a significant achievement was realized during the Annual General Meeting in June 2024 in Kigali, Rwanda, where shareholders demonstrated strong leadership by endorsing a transformative capital increase program, and the board approved in December 2024 a capital increase of over a USD 200 million.

    “Expanding capital base will enable the Bank to scale up financing along the housing value chain, access more competitive funding from international and African capital markets, and reinforce its role in addressing the housing deficit and driving inclusive urban development across its 44 member states,” Mr. Hann said.

    Increased leverage

    The capital increase program has been designed to significantly strengthen ShafDB’s balance sheet over the medium-term, expand its shareholder capital base, and to significantly mobilize debts.  The capital raised will also support the Bank’s plans to attain investment-grade credit ratings, attract new institutional investors, and expand its lending and technical assistance programs in member countries.

    About Shelter Afrique Development Bank:

    Established in 1981 in Lusaka, Zambia, Shelter Afrique Development Bank (ShafDB) is a Pan-African Multilateral Development Bank (MDB) dedicated to promoting and financing sustainable green housing, urban development and related infrastructure. It operates through a shareholding of 44 African governments and two institutional shareholders: African Development Bank (AfDB) and African Reinsurance Corporation (Africa-Re).  https://shelterafrique.org/en/about/membership  

    The institution is involved in financing housing and related infrastructure across the value chain, both on the demand and supply sides, through its four (4) business lines: Financial Institutions Group (FIG), the Project Finance Group (PFG), the Sovereign and Public-Private partnerships (PPP) Group, and the Fund Management Group (FMG).

    https://www.shelterafrique.org/en/home

    About the Arab Bank for Economic Development in Africa (BADEA):

    The Arab Bank for Economic Development in Africa (BADEA) is a multilateral financial institution established in 1974 by the Arab League. BADEA aims to strengthen economic, financial, and technical cooperation between Arab and African regions by financing development projects and supporting capacity building. https://www.badea.org/

    MIL OSI – Submitted News –

    August 5, 2025

  • MIL-OSI: The Ether Machine Marks Ethereum’s 10th Birthday with Major ETH Treasury Purchase

    Source: GlobeNewswire (MIL-OSI)

    New York, NY, July 31, 2025 (GLOBE NEWSWIRE) — The Ether Machine, the ether generation company, announced yesterday that The Ether Reserve LLC has purchased nearly 15,000 ETH at $3,809.97 USD for a total of $56,900,000.01 USD as part of The Ether Machine’s long-term accumulation strategy. This brings total ETH purchased and committed to 334,757 with up to $407,000,000 of USD remaining for additional ETH purchases.

    Timed to coincide with Ethereum’s 10-year anniversary, the purchase marks the beginning of The Ether Machine’s treasury deployment, and reflects a deep conviction in ETH as the most important asset of the decentralized internet and its mission to build a long-term, institutional-grade ETH treasury.

    “We couldn’t imagine a better way to commemorate Ethereum’s 10th birthday than by deepening our commitment to ether,” said Andrew Keys, Chairman and Co-Founder of The Ether Machine. “We are just getting started. Our mandate is to accumulate, compound, and support ETH for the long term – not just as a financial asset, but as the backbone of a new internet economy.”

    The purchase was made by The Ether Reserve LLC from part of the $97 million in cash proceeds from its previously announced private placement. The Ether Reserve LLC will purchase additional ether from the remaining proceeds in the coming days, which will be announced separately.

    In parallel with the accumulation announcement, Keys also made a personal donation of $100,000 to the Protocol Guild, a community-led funding initiative supporting Ethereum’s core protocol contributors. The Protocol Guild is widely recognized as one of the most effective models for open-source sustainability in Web3, having distributed millions of dollars to over 150 long-term researchers, developers, and maintainers responsible for Ethereum’s base layer.

    “Ethereum would not exist without the tireless work of its core developers,” said Keys. “This donation is a token of thanks to the stewards of the protocol, and a celebration of everything Ethereum has made possible over the past decade. Happy 10th birthday, Ethereum.”

    ——————

    About The Ether Machine

    Formed through a business combination (to be completed) between The Ether Reserve LLC and Dynamix Corporation, a NASDAQ-listed special purpose acquisition company (the “Business Combination”), pursuant to a definitive business combination agreement (the “Business Combination Agreement”), The Ether Machine is an Ethereum yield and infrastructure company purpose-built for institutional management and scale. Expected to be anchored by one of the largest on-chain ETH positions of any public entity, The Ether Machine will actively generate and optimize ETH-denominated returns through staking, restaking, and secure, professionally risk-managed DeFi participation. The Ether Machine also expects to provide turnkey infrastructure solutions for enterprises, DAOs, and Ethereum-native builders seeking access to Ethereum’s consensus and blockspace economy. To learn more, please visit www.ethermachine.com.

    About Protocol Guild

    Protocol Guild is a community-led funding mechanism that supports the long-term contributors maintaining Ethereum’s core protocol. Through an eligibility framework, member registry, and onchain contracts, the Guild allocates funding transparently and over time to those advancing Ethereum’s layer 1. It operates independently of governance decisions and helps ensure the protocol’s most critical work is sustainably supported as a public good. To learn, please visit www.protocolguild.org.

    About Dynamix Corporation

    Dynamix Corporation (“DYNX”) is a special purpose acquisition company incorporated under the laws of Cayman Islands for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. DYNX is led by the following seasoned investors and industry executives: Andrea “Andrejka” Bernatova, Chief Executive Officer and Chairman, Nader Daylami, Chief Financial Officer, Philip Rajan, Vice President of M&A and Strategy and board members, Lynn A. Peterson, Diaco Aviki and Tyler Crabtree. Additionally, Ralph Alexander, Joe Gatto, Peter Gross, Jimmy Henderson, Tommy Stone, and Steve Webster served as Advisors to DYNX. DYNX maintains a corporate website at https://dynamix-corp.com.

    Media Contact:
    press@ethermachine.com

    Additional Information and Where to Find It

    DYNX and The Ether Machine, Inc. (“Pubco”) intend to file with the Securities and Exchange Commission (the “SEC”) a Registration Statement on Form S-4 (the “Registration Statement”), which will include a preliminary proxy statement of DYNX and a prospectus of Pubco (the “Proxy Statement/Prospectus”) in connection with the Business Combination and the other transactions contemplated by the Business Combination Agreement and/or described in this communication (together with the Business Combination and the private placement investments, the “Proposed Transactions”). The definitive proxy statement and other relevant documents will be mailed to shareholders of DYNX as of a record date to be established for voting on the Business Combination and other matters as described in the Proxy Statement/Prospectus. DYNX and/or Pubco will also file other documents regarding the Proposed Transactions with the SEC. This communication does not contain all of the information that should be considered concerning the Proposed Transactions and is not intended to form the basis of any investment decision or any other decision in respect of the Proposed Transactions. BEFORE MAKING ANY VOTING OR INVESTMENT DECISION, SHAREHOLDERS OF DYNX AND OTHER INTERESTED PARTIES ARE URGED TO READ, WHEN AVAILABLE, THE PRELIMINARY PROXY STATEMENT/PROSPECTUS, AND AMENDMENTS THERETO, AND THE DEFINITIVE PROXY STATEMENT/PROSPECTUS AND ALL OTHER RELEVANT DOCUMENTS FILED OR THAT WILL BE FILED WITH THE SEC IN CONNECTION WITH DYNX’S SOLICITATION OF PROXIES FOR THE EXTRAORDINARY GENERAL MEETING OF ITS SHAREHOLDERS TO BE HELD TO APPROVE THE PROPOSED TRANSACTIONS AND OTHER MATTERS AS DESCRIBED IN THE PROXY STATEMENT/PROSPECTUS BECAUSE THESE DOCUMENTS WILL CONTAIN IMPORTANT INFORMATION ABOUT DYNX, THE COMPANY, PUBCO AND THE PROPOSED TRANSACTIONS. Investors and security holders will also be able to obtain copies of the Registration Statement and the Proxy Statement/Prospectus and all other documents filed or that will be filed with the SEC by DYNX and Pubco, without charge, once available, on the SEC’s website at www.sec.gov or by directing a request to: Dynamix Corp, 1980 Post Oak Blvd., Suite 100, PMB 6373, Houston, TX 77056; e-mail: info@regen.io, or to: The Ether Machine, Inc., 2093 Philadelphia Pike #2640, Claymont, DE 19703, e-mail: dm@etherreserve.com.

    NEITHER THE SEC NOR ANY STATE SECURITIES REGULATORY AGENCY HAS APPROVED OR DISAPPROVED THE PROPOSED TRANSACTIONS DESCRIBED HEREIN, PASSED UPON THE MERITS OR FAIRNESS OF THE BUSINESS COMBINATION OR ANY RELATED TRANSACTIONS OR PASSED UPON THE ADEQUACY OR ACCURACY OF THE DISCLOSURE IN THIS COMMUNICATION. ANY REPRESENTATION TO THE CONTRARY CONSTITUTES A CRIMINAL OFFENSE.

    The Pubco Class A Stock to be issued by Pubco and the class A units issued and to be issued by The Ether Reserve LLC (the “Company”), in each case, in connection with the Proposed Transactions, have not been registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act.

    Participants in the Solicitation

    DYNX, Pubco, the Company and their respective directors and executive officers may be deemed under SEC rules to be participants in the solicitation of proxies from DYNX’s shareholders in connection with the Business Combination. A list of the names of such directors and executive officers, and information regarding their interests in the Business Combination and their ownership of DYNX’s securities are, or will be, contained in DYNX’s filings with the SEC. Additional information regarding the interests of the persons who may, under SEC rules, be deemed participants in the solicitation of proxies of DYNX’s shareholders in connection with the Business Combination, including the names and interests of the Company and Pubco’s directors and executive officers, will be set forth in the Proxy Statement/Prospectus, which is expected to be filed by DYNX and Pubco with the SEC. Investors and security holders may obtain free copies of these documents as described above.

    No Offer or Solicitation

    This communication is for informational purposes only and is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the Proposed Transactions and shall not constitute an offer to sell or exchange, or a solicitation of an offer to buy or exchange the securities of DYNX, the Company or Pubco, or any commodity or instrument or related derivative, nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation, sale or exchange would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act or an exemption therefrom. Investors should consult with their counsel as to the applicable requirements for a purchaser to avail itself of any exemption under the Securities Act.

    Forward-Looking Statements

    This communication contains certain forward-looking statements within the meaning of the U.S. federal securities laws with respect to the Proposed Transactions and the parties thereto, including expectations, hopes, beliefs, intentions, plans, prospects, results or strategies regarding Pubco, the Company, DYNX and the Proposed Transactions and statements regarding the anticipated benefits and timing of completion of the Proposed Transactions, business plans and investment strategies of Pubco, the Company and DYNX, expected use of the cash proceeds of the Proposed Transactions, the Company’s ability to stake and leverage capital markets and other staking operations and participation in restaking, the amount of capital expected to be received in the Proposed Transactions, the assets held by Pubco, Ether’s position as the most productive digital asset, plans to increase yield to investors, any expected growth or opportunities associated with Ether, Pubco’s listing on an applicable securities exchange and the timing of such listing, expectations of Ether to perform as a superior treasury asset, the upside potential and opportunity for investors resulting from any Proposed Transactions, any proposed transaction structures and offering terms and the Company’s and Pubco’s plans for Ether adoption, value creation, investor benefits and strategic advantages. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “potential,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions.

    These are subject to various risks and uncertainties, including regulatory review, Ethereum protocol developments, market dynamics, the risk that the Proposed Transactions may not be completed in a timely manner or at all, failure for any condition to closing of the Business Combination to be met, the risk that the Business Combination may not be completed by DYNX’s business combination deadline, the failure by the parties to satisfy the conditions to the consummation of the Business Combination, including the approval of DYNX’s shareholders, or the private placement investments, costs related to the Proposed Transactions and as a result of becoming a public company, failure to realize the anticipated benefits of the Proposed Transactions, the level of redemptions of DYNX’s public shareholders which may reduce the public float of, reduce the liquidity of the trading market of, and/or maintain the quotation, listing, or trading of the Class A shares of DYNX or the shares of Pubco Class A Stock, the lack of a third-party fairness opinion in determining whether or not to pursue the Business Combination, the failure of Pubco to obtain or maintain the listing of its securities any stock exchange on which Pubco Class A Stock will be listed after closing of the Business Combination, changes in business, market, financial, political and regulatory conditions, risks relating to Pubco’s anticipated operations and business, including the highly volatile nature of the price of Ether, the risk that Pubco’s stock price will be highly correlated to the price of Ether and the price of Ether may decrease between the signing of the definitive documents for the Proposed Transactions and the closing of the Proposed Transactions or at any time after the closing of the Proposed Transactions, risks related to increased competition in the industries in which Pubco will operate, risks relating to significant legal, commercial, regulatory and technical uncertainty regarding Ether, risks relating to the treatment of crypto assets for U.S. and foreign tax purposes, challenges in implementing its business plan including Ether-related financial and advisory services, due to operational challenges, significant competition and regulation, being considered to be a “shell company” by any stock exchange on which the Pubco Class A Stock will be listed or by the SEC, which may impact the ability to list Pubco’s Class A Stock and restrict reliance on certain rules or forms in connection with the offering, sale or resale of securities, the outcome of any potential legal proceedings that may be instituted against the Company, DYNX, Pubco or others following announcement of the Business Combination and those risk factors discussed in documents of the Company, Pubco, or DYNX filed, or to be filed, with the SEC. The foregoing list of risk factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of the final prospectus of DYNX dated as of November 20, 2024 and filed by DYNX with the SEC on November 21, 2024, DYNX’s Quarterly Reports on Form 10-Q, DYNX’s Annual Report on Form 10-K filed with the SEC on March 20, 2025 and the registration statement on Form S-4 and proxy statement/prospectus that will be filed by Pubco and DYNX, and other documents filed by DYNX and Pubco from time to time with the SEC, as well as the list of risk factors included herein. These filings do or will identify and address other important risks and uncertainties that could cause actual results to differ materially from those contained in the forward-looking statements. Additional risks and uncertainties not currently known or that are currently deemed immaterial may also cause actual results to differ materially from those expressed or implied by such forward-looking statements. Readers are cautioned not to put undue reliance on forward- looking statements, and none of the parties or any of their representatives assumes any obligation and do not intend to update or revise these forward-looking statements, each of which are made only as of the date of this communication.

    The MIL Network –

    August 5, 2025

  • MIL-OSI New Zealand: Export – ABB named ExportNZ ASB Exporter of the Year 2025 at ExportNZ ASB Hawke’s Bay Export Awards – Business Central

    Source: Business Central

    ABB has been named as Exporter of the Year at the 2025 ExportNZ ASB Hawke’s Bay Export Awards
    The supreme winner was crowned in Hawke’s Bay at the Toitoi Hawke’s Bay Arts and Event Centre at a sold-out gala dinner.
    MC Matt Chisholm opened the event – followed by a virtual address from Trade and Investment Minister Hon Todd McClay, in front of a sold-out crowd.
    The longstanding and highly successful awards are presented by ExportNZ in partnership with ASB to reward and recognise the region’s outstanding exporters.
    ASB Head of International Trade Mike Atkins, who presented the Exporter of the Year award, said the quality of entries this year underscored the spirit and purpose of the awards.
    “We uncovered a rock star in ABB while both Starboard Bio and Ovenden Seeds have potential to make a meaningful difference in the world.
    “At ASB, we are passionate about enabling exporters to scale up, be it through working capital funding or other advisory initiatives across clean tech, food & fibre, productivity, and sustainability.
    “Our partnership with ExportNZ in celebrating these awards continues our commitment to the region’s exporters.”
    ASB Exporter of the Year ABB Napier is a largely autonomous company specialising in power systems design in production, says the judges.
    “Originally VecTek in Onekawa, they have retained their engineering skills, and through a strong focus on innovation and quality produced a unique world leading UPS product. All these products are designed, built and tested to exceptional quality right here in Hawke’s Bay.
    “All the winners and finalists are truly exceptional, and we as judges felt spoilt for choice – congratulations to all involved”
    Winners and nominees alike across all categories were celebrated by judges and the audience.
    ExportNZ Hawke’s Bay Regional Manager Amanda Liddle said “It is outstanding to see another cohort of such amazing finalists and winners.
    “Going global is a tough business – more so than ever, but tonight’s exporters show the best of what our region has to offer.
    “Congratulations to ASB Exporter of the Year ABB, who also picked up the Ziwi Excellence in Innovation award, your products and clarity of vision were awe inspiring and the win is well deserved.
    “All of us at ExportNZ would also like to give our special congratulations to Stephen Jacobi, this year’s NZME Service to Export Award winner. Stephen’s tireless advocacy has unlocked many opportunities for New Zealand exporters and businesses the world over, and his tenure on the ExportNZ Advisory Board has been invaluable to the organisation.”
    Winners of each category will now go on to the final stage of the New Zealand Trade & Enterprise (NZTE) International Business Awards, held in Auckland on November 27 th for a night of national celebration and international recognition.
    The full list of winners:
    • 2025  ASB Exporter of the Year: ABB – ABB Napier designs and manufactures innovative solutions to make AI-driven data centres more affordable and energy efficient, addressing AI’s high-power demands. Operating in New Zealand for over 90 years, ABB has invested around $34 million in Napier since 2020 and employs 145 people locally, with plans to expand by up to 50 more as production grows.
    • T&G  Global Best Established Business Award: Starboard Bio – Starboard Bio produces and exports animal-derived pharmaceutical, nutraceutical, and functional food ingredients, supplying frozen raw materials and powdered ingredients for encapsulation to the EU and US markets. The company operates with a team passionate about their products, the New Zealand brand, and enhancing value within the NZ red meat industry.
    • ContainerCo  Best Emerging Business: Ovenden Seeds – Ovenden Seeds is a specialist seed multiplication company growing, processing, and exporting herb and vegetable seeds, particularly smaller, hard-to-handle varieties. Seeds are dried, cleaned, and packed at a custom facility near Waipawa. With farms in Hawke’s Bay and grower partners in Canterbury, Ovenden focuses on growth and exports to the UK, EU, and US
    • Judges’  Choice Award: Haumako – Haumako is the Tātau Tātau Trust’s commercial entity and develops and grows horticultural products for the export market. Tātau invests directly in horticulture to further diversify their economy, foster sustainable regional growth, and create valuable local jobs. By expanding the horticulture industry in Wairoa, Tātau encourages better use of Māori-owned land by sharing opportunities, learning, knowledge gained in their own orchards.
    • Ziwi  Excellence in Innovation Award: ABB
    • NZME  Service to Export Award: Stephen Jacobi
    • Napier  Port Unsung Heroes Award: Tamsyn Illston, Natural Pet Foods & Nick Elliot, ABB.
    Notes:
    ExportNZ Hawke’s Bay is overseen by Business Central, which represents around 3,500 organisations across the lower North Island. Business Central offers advice, learning, advocacy, and support to a wide range of organisations across Central New Zealand. Business Central is part of the BusinessNZ Network.

    MIL OSI New Zealand News –

    August 5, 2025

  • MIL-OSI Submissions: Friday essay: libertarian tech titan Peter Thiel helped make JD Vance. The Republican kingmaker’s influence is growing

    Source: The Conversation – Global Perspectives – By Luke Munn, Research Fellow, Digital Cultures & Societies, The University of Queensland

    The money is easy to trace. Scroll back through tech entrepreneur Peter Thiel’s political donations and you’ll soon hit US$15 million worth of transfers sent to Protect Ohio Values, JD Vance’s campaign fund. The donations, made in 2022, are a staggering contribution to an individual senate race, and helped put Vance (Thiel’s former employee at tech fund Mithril Capital) on a winning trajectory.

    But if money matters, so do ideas. Scroll back through Vance’s speeches, and you’ll hear echoes of Thiel’s voice. The decline of US elites (and by extension, the nation) is supposedly a result of technological stagnation: declining innovation, trivial distractions, broken infrastructure. To make the nation great again, Thiel believes, tech should come first, corporates should be unshackled, and the state should resemble the startup. For Vance, who has now risen to the office of US vice-president, a Thiel talk on these topics at Yale Law was “the most significant moment” of his time there.

    Thiel’s influence on politics is at once financial, technical and ideological. In the New York Times, he was recently described as the “most influential right-wing intellectual of the last 20 years”. And his potent cocktail of networks, money, strategy and support exerts a rightward force on the political landscape. It establishes a powerful pattern for up-and-coming figures to follow.

    To “hedge fund investor” and “tech entrepreneur”, Thiel has recently added a new label: Republican kingmaker.

    Who is Peter Thiel?

    Thiel was born in Germany but grew up in the United States, with a childhood sojourn in apartheid South Africa. Max Chafkin’s critical but balanced biography, The Contrarian, claims Thiel was bullied growing up and protected himself by becoming resolutely “disdainful”. He studied philosophy and then law at Stanford, where he founded The Stanford Review, a libertarian–conservative student paper that signalled his early interest in controversial politics and culture wars.

    While difficult to pin down precisely, Thiel’s Christianity shapes his belief in a declining or even apocalyptic world that can only be countered with unapologetic interventions and technological innovations. God helps those who help themselves – but could always use additional help from ambitious tech elites.

    In 1998, Thiel cofounded his first tech company, Confinity, which launched its flagship product PayPal in 1999 and merged with Elon Musk’s X.com in 2000. In 2002, eBay bought PayPal for $1.5 billion and Thiel became a multimillionaire. He invested in several startups, including Facebook, and established his hedge fund, Clarium, and his venture capital firm, Founders Fund.

    In their own ways, each of these developments is a response to Thiel’s thesis that the world is stuck. In his 2011 essay The End of the Future, he decries the “soft totalitarianism of political correctness in media and academia” and the “sordid world” of entertainment. The result is “50 years of stagnation” that has transformed humanity “into this more docile kind of a species”.

    Thiel’s answer is more risk, more tech and more ambition. It’s exemplified most clearly by Palantir Technologies, the data analytics firm he cofounded in 2004.

    Palantir has worked closely with US armed forces and intelligence agencies for 14 years. It is currently working closely with the Trump administration to create a “super-database” of combined data from all federal agencies, and building a platform for Immigration and Customs Enforcement (ICE) “to track migrant movements in real time”.

    Investing in right-wing politics

    Thiel’s political interventions have ramped up over time. Libertarianism generally takes an arms-length approach to politics in favour of individual freedom and market determination. But even in “purely” financial spaces, politics creeps in.

    Clarium’s macroeconomic approach meant the political landscape had to be factored in: “high-conviction, directional investments based on key drivers of the global economy and fundamental themes underappreciated by the marketplace”.

    If politics, like technology, had stagnated – into a non-choice between similar parties – how could it be “disrupted”? Thiel began making political donations in December 2011, with contributions totalling at least $2.6 million, to the third presidential campaign of Ron Paul, a longstanding conservative congressman in Texas.

    While Paul would ultimately be unsuccessful, Thiel recognised something others had missed. Voters had not been attracted to some idealistic libertarian, as the media portrayed him, but to the old Ron Paul, a neoconservative whose newsletters published in his name in the 1980s and ‘90s suggested 95% of Black men in Washington DC were criminals. (He denied writing them in 2011, calling the statements “terrible”.) His appeal was never “merely” about economic freedom, but about race and class, fear and grievance.

    Donald Trump took this dark undercurrent, a strain that has always underpinned parts of US politics, and ran with it. Dog-whistles were dispensed with in favour of overt claims that most illegal immigrants were rapists, certain Latin American countries were shitholes, women were bitches, and white supremacists were “very fine people”. Trump, noted one article, was “weaponizing the conservative id”.

    In these visions, multiculturalism and progressivism are not just cultural threats, but economic ones. They undermine the ability of company founders to exploit labour, blow past regulations, and obey the brutal logic of the market.

    “A world safe for capitalism is presumably one of monopoly companies and patriarchal networks,” note media scholars Ben Little and Alison Winch in their profile of Thiel. It’s a world “where ‘the multiculture’ has been transformed into racialised domination”.

    Thiel has certainly contributed to the rise of Trump and the new breed of right-wing politicians through his vast wealth. In 2016, Thiel contributed $1.25 million to Trump’s campaign, thinking “he had a 50-50 chance of winning”. This earned him a speaking slot at the Republican convention. But his influence extends beyond mere money.

    Thiel’s endorsement of Trump at the 2016 Republican convention was hugely significant for garnering support. So was his famous declaration there that he was proud to be gay, Republican and American. After Trump won his first term, Thiel continued to be involved. He joined the transition team and recommended aligned individuals for key positions, such as Michael Kratsios, who would become chief technology officer.

    So, Thiel’s support of Trump should be understood as an investment, just like his early investments in PayPal and Facebook. As Chafkin notes, Thiel’s bet on Trump is a wager with high upsides and low risk. Thiel’s outspoken views in favour of “seasteading” (floating independent city-states) and against immigration and women’s emancipation had already alienated the more progressive sectors of Silicon Valley.

    If the bet paid off, Thiel and his empire could benefit handsomely. And this is exactly what has played out. Since Trump has taken office in his second term, Palantir has already netted more than $113 million in federal government spending.

    Palantir: from information to domination

    Palantir’s origin story reflects its blend of technical expertise and political ambition. To combat rising fraud, members of PayPal developed a software tool that could mine vast amounts of transactions and find the connections between them, homing in on a handful of culprits in a deluge of data.

    Thiel was prescient in spinning this core idea from finance to intelligence, where analysts were searching for patterns and anomalies amid the noise – a needle in a haystack. Palantir commercialised and expanded this concept, bringing a leaner, data-driven Silicon Valley approach to a sector dominated by established Washington incumbents.

    Thiel and Palantir chief executive Alex Karp believe Silicon Valley has lost its way, frittering away its vast talents and ingenuity on trivial pursuits: advertising, gaming, social media. For them, the era of ambitious scientific projects and unapologetic military industrial collaborations – the Manhattan Project, the Moon landing — needs to be revived.

    In his book, the Technological Republic, Karp calls for a state that looks more like a startup – lean, technology-driven, and led authoritatively by a founder-like figure who is not afraid to “move fast and break stuff” (the Silicon Valley motto), especially when it comes to dominating enemies and ensuring the safety of a nation’s citizens.

    Palantir, of course, answers this call. It combines machine learning with military spending, data-driven “intelligence” with naked violence. This is most clear in its longstanding collaboration with ICE, which is now carrying out notorious immigration raids at the behest of the Trump administration. “On the factory floor, in the operating room, on the battlefield,” states a recent Palantir recruitment ad placed across US college campuses, “we build to dominate.”

    Palantir’s blueprint has been emulated by a growing array of others. Anduril, Skydio and Shield AI are all founded on developing information technologies for military and intelligence use. Last week, Rune Technologies closed a $24 million Series A round of funding to move warfare logistics away from the “Excel era” and towards AI-augmented tools.

    Answering Karp’s call, these startups are unapologetic in leveraging engineering expertise for more substantial, authoritarian and historically controversial areas.

    Playing the scapegoat

    One of the clearest outlines of Thiel’s political philosophy is laid out in the Straussian Moment, a 30-page essay he published in 2007.

    For Thiel, the spectacular violence of the September 11 terrorist attacks was a wake-up call, rousing the citizenry from that “very long and profitable period of intellectual slumber and amnesia that is so misleadingly called the Enlightenment”.

    Curtis Yarvin.
    David Merfield/Wikipedia, CC BY

    In Thiel’s view, the Enlightenment project – to advance knowledge, cultivate tolerance, and elevate humanity as a whole – rested on a naive understanding of human nature. Like Curtis Yarvin and other influential Silicon Valley political thinkers, he asserts that humanity is brutal and a shift from Enlightenment optimism to Dark Enlightenment pessimism is required.

    It is unsurprising, then, that Thiel looks to René Girard (once called “the new Darwin of the human sciences”) for inspiration; he even organised a symposium at Stanford with Girard in attendance. Girard begins from a bleak view of human nature, a Hobbesian world where life is nasty, brutish and short. For Girard, mimesis or imitation is at the heart of the human. This mirroring quality means violence is always threatening to escalate, to constantly ramp up with no inherent limit.

    To corral this violence, ancient cultures created the scapegoat, a sacrificial system where all-against-all was replaced by all-against-one. Yet the scapegoat is no longer viable – the revelation of Christ is that the scapegoat is an innocent victim.

    Thiel takes Girard’s insights and twists them to his own ends. First, Thiel asserts that even if violence begets more violence, nonviolence is not an option. Enemies must not be allowed to prevail. In the face of uncompromising adversaries, such as the 9/11 attackers, who threaten to dismantle some idealised way of life, preemptively responding to violence is “urgently demanded”.

    Second, Thiel takes the concept of the scapegoat and flips it. In this judo-like manoeuvre, the real victims are not the marginalised or the minority, but the hegemonic class (whites, males, liberals, conservatives), who are being pressured by cancel culture, political correctness, diversity initiatives and so on.

    Shortly after graduating, Thiel coauthored a book, The Diversity Myth, about alleged political intolerance at Stanford. In it, he rails against a rampant multiculturalism that he claims stifles freedom of speech and derails education and entrepreneurialism. Here, scapegoating is weaponised. It’s mobilised toward a conservative advance in the ongoing cultural wars, which are always also political wars.

    Contradiction or evolution?

    Thiel is a walking paradox. He bemoans cancel culture and political correctness, while waging a highly expensive and clearly personal war to bankrupt a media outlet that offended him. (After Gawker printed the “open secret” of Thiel’s gay status in 2007, Thiel funded lawsuits against them until they were shut down.)

    He calls himself a libertarian, but has founded a company that derives millions in contracts from the bloated budgets of the many military agencies (the National Security Agency, the FBI, the US Army) that now comprise the sprawling state.

    He celebrates capitalism and the free hand of the market, but always stresses that the path to business success rests on establishing monopolies with no real competition. He is a German-born immigrant who actively supports technologies (Palantir) and candidates (Trump) that establish xenophobic environments and seek to deport those deemed “other”. And, most personally, he is both a conservative Republican and an openly gay man.

    At a purely logical level, these elements are incompatible. There is a perceived gap between Thiel’s words and actions, a gulf between his ideologies and his activities. For staunch libertarians at Thiel’s companies, his manoeuvrings at the state level make no sense. For queer scholars, Thiel’s exclusionary rather than liberatory politics mean he is a man who has sex with other men, rather than being gay.

    For these critics, both things cannot be true; therefore, some labels, identities and activities are fake, marginal or impossible. Yet one of Thiel’s many lessons is that contradiction is a strength rather than a weakness.

    Thiel’s philosophy, which journalists have called techno-fascism, recalls philosopher Umberto Eco, who described fascism as a “beehive of contradictions” and “a collage of different philosophical and political ideas”. The radical right, in particular, has no problem mashing together many views that at face value should not fit: scavenger ideologies that are opportunistic in grabbing elements that work for them.

    Instead of contradictions, these hybrid forms need to be understood as evolutions. They are tensions, held within the body and the mind of the subject, that push monolithic frameworks like conservatism beyond their existing limits. Thiel’s power – and his political blueprint for others – is insisting you can be a philosophical entrepreneur, an illiberal patriot, and a queer conservative.

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

    – ref. Friday essay: libertarian tech titan Peter Thiel helped make JD Vance. The Republican kingmaker’s influence is growing – https://theconversation.com/friday-essay-libertarian-tech-titan-peter-thiel-helped-make-jd-vance-the-republican-kingmakers-influence-is-growing-261856

    MIL OSI –

    August 5, 2025

  • MIL-OSI: Diplomatic Trade Ltd, Thomas J. Kent Jr. the Kent Family Office, and Kent Global LLC Stake Acquisition in Turkish Pharma Firm, Target $300M UAE Biopharma Venture

    Source: GlobeNewswire (MIL-OSI)

    Thomas J. Kent Jr.

    DUBAI, United Arab Emirates, July 31, 2025 (GLOBE NEWSWIRE) — Diplomatic Trade Ltd and Kent Global Support Strategic Stake in Turkish Pharma Group, Plan $300M UAE Biopharma Initiative Cross-border biopharma venture targets UAE facility launch in Q3 2025 and public listing by year-end

    Diplomatic Trade Ltd, a cross-border trade and investment firm with offices in New York and Dubai, and its private equity arm, Diplomatic Trade Capital Group, have signed an MOU to acquire a 49% stake in Turkish pharmaceutical manufacturer Farmakim ilaç Kimya Gida Ürünleri Üretim San ve Dis Tie A.S.

    The transaction was supported by U.S.-based Kent Family Office LLC and its affiliated investment firm, Kent Global LLC, led by financier Thomas J. Kent Jr. The deal marks a strategic partnership aimed at strengthening pharmaceutical capacity across Türkiye and the Gulf Cooperation Council (GCC).

    Equity Position and Strategy
    Diplomatic Trade Capital’s 49% ownership includes board representation and commercial rights. Financial details were not disclosed, but the acquisition aligns with a broader strategy to scale pharmaceutical infrastructure across emerging markets in MENA.

    UAE Biomanufacturing Facility – Q3 2025
    The partners will establish a UAE-based biomanufacturing facility by Q3 2025. The plant will focus on biosynthetic therapies and regenerative compounds, featuring modular, EU-GMP-compliant production systems and AI-driven quality control. The facility is intended to meet growing demand for advanced pharmaceuticals in the GCC and North Africa.

    IPO Planning and Market Valuation
    The new entity is targeting an initial public offering on a UAE stock exchange in Q4 2025. A global advisory firm is conducting a valuation, with early estimates suggesting a potential IPO valuation near $300 million USD, based on projected revenue growth and regional distribution rights.

    Institutional Investment Backing
    The financing structure was arranged by Kent Family Office and Kent Global, reflecting increased U.S. institutional interest in healthcare investment across the Gulf region.

    Executive Commentary
    “This transaction establishes a platform for scalable pharmaceutical production in the region,” said a Diplomatic Trade Capital spokesperson. “The UAE offers a favorable environment for innovation, regulation, and capital markets access.”

    About Diplomatic Trade Ltd
    Diplomatic Trade Ltd is a U.S.-registered firm focused on cross-border joint ventures and IPOs in healthcare, infrastructure, and strategic manufacturing across the GCC and Africa.

    About Farmakim
    Based in Istanbul, Farmakim is a privately held pharmaceutical company serving public and private healthcare systems across Europe, MENA, and Central Asia.

    Media Contact:
    Shawn Kent
    Kent Global LLC and The Kent Family Office
    646 207 6801
    tkent@kentgloballlc.net
    https://www.kentgloballlc.net/

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6ca9a779-f567-40ae-9944-7f2d25ebde78

    The MIL Network –

    August 5, 2025

  • MIL-OSI USA: Grassley Questions Treasury Nominee on Biofuels, Wind and Solar Provisions in the One Big Beautiful Bill

    US Senate News:

    Source: United States Senator for Iowa Chuck Grassley

    WASHINGTON – Sen. Chuck Grassley (R-Iowa), a senior member and former chairman of the Senate Finance Committee, today questioned Treasury Department nominee Derek Theurer on the implementation of the One Big Beautiful Bill Act.

    Grassley asked whether Theurer would advise the Treasury Department to maintain its longstanding interpretation of “began construction.” Grassley requested a timeline on formal guidance for implementing the clean fuels tax credit to provide Iowa’s biofuels industry greater certainty.

    Grassley also questioned Bryan Switzer, nominee to be Deputy U.S. Trade Representative, about America’s trade balance with China. 

    [embedded content]

    VIDEO

    On Wins on the One Big Beautiful Bill Act

    The One Big Beautiful Bill was an historic achievement. We averted the largest tax increase in history. It made pro-growth business provisions permanent. It unlocked business investment that will create jobs. The bill also provides additional middle-class tax relief.

    Implementing the Bill as Congress Intended

    As Treasury works to implement the bill, the agency must work with members to ensure the provisions are implemented according to the statute and faithful to congressional intent.

    So, the first question is a very general one. Can we count on you to keep Congress well informed during the implementation process and consult with [relevant] members of Congress where questions arise as to what was congressional intent?

    Wind and Solar Provisions, 45Z Implementation

    There are several provisions that I’m particularly interested in, in seeing faithfully implemented. This includes the structure of the phase-out for the wind and solar credits and modifications to the Clean Fuels Production Credit. And, remember, you’re talking to the father of the Wind Energy Tax Credit.

    I worked with my colleagues to provide wind and solar an appropriate glide path for the orderly phase-out of the tax credits. Ultimately, Congress enshrined in statute a 12-month transition period based on when projects “begin construction.”

    What it means for a project to “begin construction” has been very well established by Treasury guidance for more than a decade. Moreover, Congress specifically references current Treasury guidance to set that term’s meaning in law. It seems to me, this is a case where both the law and congressional intent are very, very clear.

    So, Mr. Theurer, will you commit to advising the Department that both the law and congressional intent are clear and that the “beginning of construction” – those official words – means what it has meant for more than a decade?

    Impact of the Clean Fuels Credit on Biofuels

    The reconciliation bill includes an extension and modification of [the] Clean Fuel[s] Production Tax Credit under 45Z. Implementing this credit properly and quickly is important for the biofuels industry and its participants, especially farmers. The Biden administration failed to meaningfully address 45Z regulations, which has caused major market disruptions, including plant closures.

    When can we expect to see guidance formally implementing the clean fuels credit so the biofuels industry can confidently move forward with operations?

    America’s Trade Balance with China

    You will be handling areas of international trade, and I’m interested in China. Based on your personal history, you know how challenging this will be. Do you think that the whole United States economy needs to decouple completely from China, or only certain sectors of our economy?

    -30-

    MIL OSI USA News –

    August 5, 2025

  • MIL-OSI Security: U.S. Marshals Offer Reward for Information in Quadruple Homicide

    Source: US Marshals Service

    Lake County, TN – In the search for fugitive Austin Drummond, the U.S. Marshals Service (USMS) is offering a reward of up to $7,500 for information that leads to Drummond’s arrest.

    Drummond is charged with First-Degree Murder of four people; ages 21, 20, 38, and 15, in Lake County on July 29, 2025. Additional charges include Aggravated Kidnapping, Possession of a Firearm During Commission of a Dangerous Felony, and Possession of a Firearm by a Convicted Felon. He is considered armed and dangerous.

    The Tennessee Bureau of Investigation (TBI) is the lead agency, and the USMS Two Rivers Violent Fugitive Task Force is assisting TBI and has adopted the case for a fugitive investigation.

    “Getting Austin Drummond in custody is a priority. Anyone with information about where we can find him should call us immediately. You will remain anonymous,” said U.S. Marshal Tyreece Miller.

    Tipsters can call the U.S. Deputy Marshals assigned to the case at (901) 406-2044, (901) 661-2955, or submit a USMS Web Tip.

    MIL Security OSI –

    August 5, 2025

  • MIL-Evening Report: New Caledonia’s oldest party for independence rejects ‘Bougival’ deal

    By Patrick Decloitre, RNZ Pacific correspondent French Pacific Desk

    New Caledonia’s oldest pro-independence party, the Union Calédonienne (UC), has officially rejected a political agreement on the Pacific territory’s political future signed in Paris last month.

    The text, bearing the signatures of all of New Caledonia’s political parties represented in the local Congress — a total of 18 leaders, both pro-France and pro-independence — is described as a “project” for an agreement that would shape politics.

    Since it was signed in the city of Bougival, west of Paris, on July 12, after 10 days of intense negotiations, it has been dubbed a “bet on trust” and has been described by French Minister for Overseas Manuel Valls as a commitment from all signing parties to report to their respective bases and explain its contents.

    The Bougival document involves a series of measures and recognition by France of New Caledonia as a “State” which could become empowered with its own international relations and foreign affairs, provided they do not contradict France’s key interests.

    It also envisages dual citizenship — French and New Caledonian — provided future New Caledonian citizens are French nationals in the first place.

    It also describes a future devolution of stronger powers for each of the three provinces (North, South and Loyalty Islands), especially in terms of tax collection.

    Since it was published, the document, bearing a commitment to defend the text “as is”, was hailed as “innovative” and “historic”.

    New Caledonia’s leaders have started to hold regular meetings — sometimes daily — and sessions with their respective supporters and militants, mostly to explain the contents of what they have signed.

    The meetings were held by most pro-France parties and within the pro-independence camp, the two main moderate parties, UPM (Union Progressiste en Mélanésie) and PALIKA (Kanak Liberation Party).

    Over the past two weeks, all of these parties have strived to defend the agreement, which is sometimes described as a Memorandum of Agreement or a roadmap for future changes in New Caledonia.

    Most of the leaders who have inked the text have also held lengthy interviews with local media.

    Parties who have unreservedly pledged their support to and signed the Bougival document are:

    Pro-France side: Les Loyalistes, Rassemblement-LR, Wallisian-based Eveil Océanien and Calédonie Ensemble

    Pro-independence: UNI-FLNKS (which comprises UPM and PALIKA).

    But one of the main components of the pro-independence movement, the FLNKS (Kanak and Socialist National Liberation Front) — as its main pillar — the Union Calédonienne, has held a series of meetings indicating their resentment at their negotiators for having signed the contested document.

    UC held its executive committee on July 21, its steering committee on July 26, and FLNKS convened its political bureau on July 23.

    A ‘lure of sovereignty’
     All of these meetings concluded with an increasingly clear rejection of the Bougival document.

    Speaking at a news conference in Nouméa yesterday, UC leaders made it clear that they “formally reject” the agreement because they regard it as a “lure of sovereignty” and does not guarantee either real sovereignty or political balance.

    FLNKS chief negotiator Emmanuel Tjibaou, who is also UC’s chair, told local reporters he understood his signature on the document meant a commitment to return to New Caledonia, explain the text and obtain the approval of the political base.

    “I didn’t have a mandate to sign a political agreement, my mandate was to register the talks and bring them back to our people so that a decision can be made . . . it didn’t mean an acceptance on our part,” he said, mentioning it was a “temporary” document subject to further discussions.

    Tjibaou said some amendments his delegation had put on the table in Bougival “went missing” in the final text.

    Union Calédonienne chair and chief FLNKS negotiator Emmanuel Tjibaou . .. some amendments that his delegation had put on the table in Bougival “went missing” in the final text. Image: RNZ Pacific

    ‘Bougival, it’s over’
     “As far as we’re concerned, Bougival, it’s over”, UC vice-president Mickaël Forrest said.

    He said it was now time to move onto a “post-Bougival phase”.

    Meanwhile, the FLNKS also consulted its own “constitutionalists” to obtain legal advice and interpretation of the document.

    In a release about yesterday’s media conference, UC stated that the Bougival text could not be regarded as a balance between two “visions” for Kanaky New Caledonia, but rather a way of “maintaining New Caledonia as French”.

    The text, UC said, had led the political dialogue into a “new impasse” and it left several questions unanswered.

    “With the denomination of a ‘State’, a fundamental law (a de facto Constitution), the capacity to self-organise, and international recognition, this document is perceived as a project for an agreement to integrate (New Caledonia) into France under the guise of a decolonisation”.

    “The FLNKS has never accepted a status of autonomy within France, but an external decolonisation by means of accession to full sovereignty [which] grants us the right to choose our inter-dependencies,” the media release stated.

    The pro-independence party also criticised plans to enlarge the list of people entitled to vote at New Caledonia’s local elections — the very issue that triggered deadly and destructive riots in May 2024.

    It is also critical of a proposed mechanism that would require a vote at the Congress with a minimum majority of 64 percent (two thirds) before any future powers can be requested for transfer from France to New Caledonia.

    Assuming that current population trends and a fresh system of representation at the Congress will allow more representatives from the Southern province (about three quarters of New Caledonia’s population), UC said “in other words, it would be the non-independence [camp] who will have the power to authorise us — or not — to ask for our sovereignty”.

    They party confirmed that it had “formally rejected the Bougival project of agreement as it stands” following a decision made by its steering committee on July 26 “since the fundamentals of our struggle and the principles of decolonisation are not there”.

    Negotiators no longer mandated
     The decision also means that every member of its negotiating team who signed the document on July 12 is now de facto demoted and no longer mandated by the party until a new negotiating team is appointed, if required.

    “Union Calédonienne remains mobilised to arrive at a political agreement that takes into account the achievement of a trajectory towards full sovereignty”.

    On Tuesday, FLNKS president Christian Téin, as an invited guest of Corsica’s “Nazione” pro-independence movement, told French media he declared himself “individually against” the Bougival document, adding this was “far from being akin to full sovereignty”.

    Téin said that during the days that led to the signing of the document in Bougival “the pressure” exerted on negotiators was “terrible”.

    He said the result was that due to “excessive force” applied by “France’s representatives”, the final text’s content “looks like it is the French State and right-wing people who will decide the (indigenous) Kanak people’s future”.

    Facing crime-related charges, Téin is awaiting his trial, but was released from jail, under the condition that he does not return to New Caledonia.

    The leader of a CCAT (field action coordinating cell) created by Union Calédonienne late in 2023 to protest against a proposed French Constitutional amendment to alter voters’ rules of eligibility at local elections, was jailed for one year in mainland France. However, he was elected president of FLNKS in absentia in late August 2024.

    CCAT, meanwhile, was admitted as one of the new components of FLNKS.

    In a de facto split, the two main moderate pillars of FLNKS, UPM and PALIKA, at the same time, distanced themselves from the pro-independence UC-dominated platform, opening a rift within the pro-independence umbrella.

    The FLNKS is scheduled to hold an extraordinary meeting on August 9 (it was initially scheduled to be held on August 2), to “highlight the prospects of the pursuit of dialogue through a repositioning of the pro-independence movement’s political orientations”.

    French Minister for Overseas Manuel Valls (centre) shows signatures on the last page of New Caledonia’s new Bougival agreement earlier this month . . . “If tomorrow there was to be no agreement, it would mean the future, hope, would be put into question” Image: FB/RNZ Pacific

    Valls: ‘I’m not giving up’
     Reacting to the latest UC statements, Valls told French media he called on UC to have “a great sense of responsibility”.

    “If tomorrow there was to be no agreement, it would mean the future, hope, would be put into question. Investment, including for the nickel mining industry, would no longer be possible.”

    “I’m not giving up. Union Calédonienne has chosen to reject, as it stands, the Bougival accord project. I take note of this, but I profoundly regret this position.

    “An institutional void would be a disaster for [New Caledonia]. It would be a prolonged uncertainty, the risk of further instability, the return of violence,” he said.

    “But my door is not closed and I remain available for dialogue at all times. Impasse is not an option.”

    Valls said the Bougival document was “‘neither someone’s victory on another one, nor an imposed text: it was built day after day with partners around the table following months of long discussions.”

    In a recent letter specifically sent to Union Calédonienne, the French former Prime Minister suggested the creation of an editorial committee to start drafting future-shaping documents for New Caledonia, such as its “fundamental law”, akin to a Constitution for New Caledonia.

    Valls also stressed France’s financial assistance to New Caledonia, which last year totalled around 3 billion euros because of the costs associated to the May 2024 riots.

    The riots caused 14 dead, hundreds of injured and an estimated financial cost of more than 2 billion euros (NZ$5.8 billion) in damage.

    This article is republished under a community partnership agreement with RNZ.

    MIL OSI Analysis – EveningReport.nz –

    August 5, 2025

  • MIL-OSI Australia: Child exploitation arrest

    Source: New South Wales – News

    A man has been arrested after child exploitation material was located at his home today.

    On Friday 1 August, investigators from the South Australian JACET, a joint taskforce between South Australia Police and Australian Federal Police, attended a northeast suburbs home as a result of an online conversation between the accused and a covert online police officer.

    The house was searched and a mobile phone, computer hard drives and a computer were seized.

    Child exploitation material was located on the devices by Digital Evidence Section specialists and further examinations will continue.

    Also during the search, investigators located three gel blasters.

    A 38-year-old man from the northeastern suburbs was arrested and charged with disseminating child exploitation material, possessing child exploitation material and three counts of possessing a firearm without a licence.

    He was refused police bail and will appear in the Adelaide Magistrates Court later today.

    “This operation is a stark reminder of the realities of child sexual exploitation and the proliferation of child sexual abuse material on the internet, and the need for proactive measures to address these crimes against our children,” said Chief Inspector George Fenwick Manager, of the Special Crimes Investigation Section.

    “Without my officers being online and in these chat forums, we may never have identified this man or his offending.”

    Members of the public who have information about people involved in child abuse and exploitation are urged to contact Crime Stoppers at www.crimestopperssa.com.au or on 1800 333 000. You can remain anonymous.

    CO2500196535

    MIL OSI News –

    August 5, 2025

  • MIL-OSI USA: PSI Chairman Johnson Writes to Secretary Hegseth about DoD’s Efforts to Assist Service Members Wrongfully Terminated Under Biden’s COVID-19 Injection Mandate

    US Senate News:

    Source: United States Senator for Wisconsin Ron Johnson

    WASHINGTON – On Tuesday, Senate Permanent Subcommittee on Investigations Chairman Ron Johnson (R-Wis.) sent a letter to Department of Defense (DoD) Secretary Pete Hegseth requesting a briefing on the DoD’s efforts to apologize, reinstate, and provide back pay to service members who were terminated after refusing to take the COVID-19 injection.

     In 2021, then-Defense Secretary Lloyd Austin issued a COVID-19 vaccine mandate which resulted in the termination of approximately 8,700 active-duty service members who refused the injection.

    “This dismissal of thousands of brave men and women from the military was a despicable act that damaged our armed forces,” the chairman wrote.

    Tuesday’s letter follows a Daily Caller article about former service members who are reportedly still waiting to be made whole following the Biden administration’s disastrous COVID-19 vaccine mandate. 

    During the first few days of President Trump’s second term, he issued an executive order enabling these wrongfully discharged service members to revert to their former rank and receive full back pay, benefits, bonus payments, or compensation. In February 2025, Sec. Hegseth announced that service members could seek reinstatements and back pay.

    “I have no doubt that you are committed to assisting our service members, which is why I want to bring to your attention a July 24, 2025 Daily Caller article that featured several former military personnel who have still not received back pay after being terminated for refusing the injection,” Chairman Johnson wrote to Secretary Hegseth. 

    Read more about Chairman Johnson’s letter in Daily Caller.

    The full text of the letter can be found here. 

    MIL OSI USA News –

    August 5, 2025

  • MIL-OSI New Zealand: Statement by Minister McClay following US tariff announcement

    Source: New Zealand Government

    The United States has confirmed that tariffs on New Zealand exports will increase from 10 per cent to 15 per cent from 7 August, placing us alongside other key US trading partners including Japan and South Korea.

    Trade and Investment Minister Todd McClay says, this decision appears to be based on a calculation of trade deficits, with countries running a surplus with the US moved to the higher rate. In New Zealand’s case, the surplus is modest, around US$500 million, and is not overly significant in the context of the US economy.

    Over the past decade, our trade relationship with the US has seen periods where the US enjoyed a significant surplus and times, like now, when New Zealand has a modest one. Overall, our trade is balanced and complementary, reflecting the strength of a long-standing partnership.

    “I am seeking an urgent call with the US Trade Representative to make New Zealand’s position clear: this increase risks harming exporters and consumers of both countries. The US currently faces an average tariff of just 0.8 per cent when exporting to New Zealand, far lower than what we face into their market,” Mr McClay says. 

    “New Zealand exports around $9 billion of goods to the US annually. At 15 per cent, the impact will be considerable for exporters, many of whom absorbed or passed on the earlier 10 per cent rate. At 15 per cent, that becomes much harder.  

    “Our focus now moves to engaging directly with the US on this current announcement to seek changes to this decision.

    “New Zealand has always stood for open, rules-based trade. We will continue to advocate strongly for a resolution that supports our exporters and maintains the strength of our trading relationship with the United States.”

    MIL OSI New Zealand News –

    August 5, 2025

  • Nifty, Sensex open lower as new Trump tariffs take effect

    Source: Government of India

    Source: Government of India (4)

    Indian equity markets opened lower on Friday, tracking weak global cues following the announcement of new tariffs by former U.S. President Donald Trump. The pharmaceutical sector bore the brunt, with the Nifty Pharma index falling 2.75 per cent.

    At 9:25 AM, the Nifty 50 was down 51 points or 0.21 per cent at 24,716, while the BSE Sensex had declined 179 points or 0.22 per cent, trading at 81,005.

    In the broader market, both the BSE MidCap and BSE SmallCap indices posted marginal gains of 0.05 per cent.

    Among sectoral indices, Nifty FMCG stood out as the sole gainer, rising 1.46 per cent. Meanwhile, Nifty IT slipped 0.80 per cent and Nifty Metal declined 0.99 per cent, in addition to sharp selling in pharma stocks.

    Within the Nifty 50 pack, Hindustan Unilever (HUL) was the top gainer, rising 4.45 per cent, followed by Tata Consumer Products, Hero MotoCorp, Maruti Suzuki, and Trent. On the losing side, Dr. Reddy’s Laboratories led with a 1.41 per cent decline, followed by Cipla, ONGC, Larsen & Toubro, and Tata Steel.

    “Despite Nifty’s bounce yesterday, the index remains vulnerable unless it sustains a move above the 24,800 mark. A close above this level could potentially open the path toward 25,000. On the downside, immediate support lies at 24,600, followed by 24,500,” said Hardik Matalia, Derivatives Analyst at Choice Equity Broking.

    “As elevated volatility and conflicting technical signals prevail, traders are advised to follow a cautious ‘sell-on-rise’ approach, especially when using leverage. Book partial profits during rallies and maintain tight trailing stop-losses. Fresh long positions should only be considered if the Nifty sustains above 25,000,” he added.

    On July 31, former U.S. President Donald Trump signed an executive order imposing revised “reciprocal” tariffs on several countries including Syria, Laos, South Africa, and Myanmar. The new tariff rates, ranging from 10 per cent to 41 per cent, are set to take effect from August 7.

    Strong earnings from U.S. tech giants Microsoft and Meta Platforms failed to lift Wall Street. The S&P 500 fell 0.37 per cent, marking its third straight day of losses. The Dow Jones Industrial Average declined 0.74 per cent, while the Nasdaq Composite remained flat with a marginal dip of 0.03 per cent.

    “In the near term, markets will be influenced by tariff-related developments. Since the implementation date is August 7, affected countries still have time to negotiate for revisions. Yesterday’s market behavior indicates that investors view the 25 per cent tariff as a short-term issue,” said Dr. V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

    Asian markets also opened weak. South Korea’s Kospi led the regional decline with a 2.94 per cent fall, followed by Japan’s Nikkei 225, which dropped 0.38 per cent. Shanghai Composite shed 0.10 per cent, while Hong Kong’s Hang Seng Index edged up 0.13 per cent.

    On the institutional front, foreign institutional investors (FIIs) extended their selling streak for a ninth consecutive session, offloading equities worth ₹5,588 crore on July 31. In contrast, domestic institutional investors (DIIs) remained net buyers for the 19th straight session, investing ₹6,372 crore.

    -IANS

    August 5, 2025

  • MIL-OSI: BW Energy: Second quarter and first half 2025 results 

    Source: GlobeNewswire (MIL-OSI)

    BW Energy delivered strong operational performance in the first half of 2025, driven by high production uptime, competitive cost levels, and a solid safety record with zero lost time incidents. The Company’s project portfolio continues to advance, with final investment decisions taken on both the Maromba development and the Golfinho Boost project. In addition, a substantial oil discovery was made at the Bourdon prospect in the Dussafu area, further expanding BW Energy’s resource base. Backed by strong cash generation and a resilient financial structure, BW Energy is well placed to drive growth and create long-term shareholder value. 

    HIGHLIGHTS 

    Strong operational performance 

    • H1 2025 net production of 6.2 (4.6) million barrels, equal to 34.2 (25.4) kbopd  
    • Operating cost1 of USD 18.3 (26.2) per barrel and zero lost time incidents 
    • Assumed operatorship of the BW Adolo FPSO 

     Successfully developing and increasing the resource base 

    • Final investment decision made on Maromba and Golfinho Boost projects 
    • Substantial oil discovery of 25 mmbbls in the Bourdon prospect  

    Robust financial results 

    • H1 2025 EBITDA of USD 281.1 (185.8) million and net profit of USD 109.7 (61.9) million 
    • Q2 2025 EBITDA of USD 99.0 million and net profit of USD 26.7 million 
    • Operating cash flow of USD 162.0 (85.1) million  
    • Cash position of USD 192.9 (244.2) million at 30 June 
    • New and upsized RBL facility up to USD 500 million


    2025 guidance unchanged 

    • Production: 11-12 mmbbls (30-32 kbopd) 
    • Operating cost1: USD 18-22 per barrel 
    • CAPEX: USD 650-700 million 
    • G&A: USD 19-22 million 

     (Numbers in parenthesis refer to H1 2024) 

    1) Operating costs exclude royalties, tariffs, workovers, crude oil purchases for domestic market obligations, production sharing costs in Gabon, and incorporates the impact of IFRS 16 adjustments 

    Comment from the CEO of BW Energy, Carl Arnet:  

    “BW Energy delivered a strong first half of 2025, with production above the upper end of our guidance range and operating costs at significantly more competitive levels than in 2024. This reflects continued focus on safe, efficient operations and disciplined cost management across the portfolio.

    During the period, we moved key development projects into execution, marking an important step forward in our growth strategy. The Maromba development in Brazil is now underway and will be transformative for BW Energy, increasing production to more than 90,000 barrels per day in 2028.

    Furthermore, we strengthened our portfolio, confirming new resources at the Bourdon prospect in the Dussafu licence. These are highly profitable barrels that highlight our strategy of leveraging existing infrastructure and pursuing fast‑track developments to accelerate value creation.

    Our financial foundation remains robust, with low leverage and strong underlying cash generation. This gives us the resilience to navigate market volatility while continuing to deliver growth and long‑term value for our shareholders.”


    Please find attached the report for the first half of 2025 and the second quarter presentation. 

    The report, presentation, excel data book and webcast will be available on:

    www.bwenergy.no/investors/reports-and-presentations 

    CONFERENCE CALL/WEBCAST  

    BW Energy will today hold a conference call followed by a Q&A hosted by CEO Carl K. Arnet and CFO Brice Morlot at 14:00 CEST.  

    The presentation may also be followed via webcast on:  

    https://events.webcast.no/viewer-registration/qQC1bQEB/register  

    Please note, that if you follow the webcast via the above URL, you will experience a 30 second delay compared to the main conference call. The web page works best in an updated browser – Chrome is recommended. 

    Conference call information:  

    To dial in to the conference call where the second quarter results and Q&A will be hosted, please dial in to one of the following numbers:  

    Participants dial in numbers: 

    DK: +45 7876 8490 
    SE: +46 8 1241 0952 
    NO: +47 2195 6342 
    UK: +44 203 769 6819 
    US: +1 646-787-0157 
    Singapore: 65-3-1591097 
    France: 33-1-81221259 
     
    Conference code: 980877  

    For further information, please contact: 

    Martin Seland Simensen, VP Investor Relations

    +47 416 92 087  

    Martin.simensen@bwenergy.no 

    About BW Energy: 

    BW Energy is a growth E&P company with a differentiated strategy targeting proven offshore oil and gas reservoirs through low risk phased developments. The Company has access to existing production facilities to reduce time to first oil and cashflow with lower investments than traditional offshore developments. The Company’s assets are 73.5% of the producing Dussafu Marine licence offshore Gabon, 100% interest in the Golfinho and Camarupim fields, a 76.5% interest in the BM-ES-23 block, a 95% interest in the Maromba field in Brazil, a 95% interest in the Kudu field in Namibia, all operated by BW Energy. In addition, BW Energy holds approximately 7% of the common shares in Reconnaissance Energy Africa Ltd. and a 20% non-operating interest in the onshore Petroleum Exploration License 73 (“PEL 73”) in Namibia. Total net 2P+2C reserves and resources were 599 million barrels of oil equivalent at the start of 2025.  

    This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.  

    Attachments

    • BWE Q2 presentation
    • BWE Financial report – 1H 2025

    The MIL Network –

    August 5, 2025

  • MIL-OSI: Azerion Announces New Role for Co-Founder Atilla Aytekin

    Source: GlobeNewswire (MIL-OSI)

    Amsterdam, 1 August 2025 – Azerion today announces that, after stepping aside from his responsibilities as co-CEO in March 2023, Atilla Aytekin, Co-Founder and current member of the Management Board, has decided to transition to the position of advisor to the Executive Committee and the strategy team.

    Atilla Aytekin co-founded Azerion in 2014 and has played a central role in building the company into one of Europe’s leading digital advertising and media platforms. His vision and leadership have been instrumental in Azerion’s growth, global expansion, and successful listing on Euronext Amsterdam.

    “On behalf of the entire company and the Supervisory Board, I would like to thank Atilla for his remarkable contribution to Azerion over the past decade,” said Wim de Pundert, Chair of the Supervisory Board. “His deep knowledge of the industry and entrepreneurial spirit will continue to benefit Azerion in his new advisory capacity.”

    Mr. Aytekin will remain closely involved with the business as a trusted strategic advisor, providing continuity and guidance as Azerion continues to execute its long-term growth strategy.

    “I’m incredibly proud of what we have built at Azerion,” said Atilla Aytekin. “This is the right moment for me to step up and support the company from a more strategic perspective. I have full confidence in the leadership team and the future of the company.”

    About Azerion
    Founded in 2014, Azerion (EURONEXT: AZRN) is one of Europe’s largest digital advertising and entertainment media platforms. Azerion brings global scaled audiences to advertisers in an easy and cost-effective way, delivered through our proprietary technology, in a safe, engaging, and high quality environment, utilizing our strategic portfolio of owned and operated content with entertainment and other digital publishing partners.

    Having its roots in Europe and with its headquarters in Amsterdam, Azerion has commercial teams based in 21 cities around the world to closely support our clients and partners to find and execute creative ways to make a real impact through advertising.

    For more information visit: www.azerion.com

    Contact:
    Investor Relations
    ir@azerion.com

    Media
    press@azerion.com

    This communication contains information that qualifies as inside information within the meaning of Article 7(1) of the EU Market A

    Attachment

    • Atilla Aytekin Role Transition July 2025

    The MIL Network –

    August 5, 2025

  • MIL-OSI: Notice of Extraordinary General Meeting on 15 September 2025

    Source: GlobeNewswire (MIL-OSI)

    Heemstede 1 August 2025, 8:00 am.

    Lavide Holding NV (“Lavide” or “Company”) is pleased to announce an Extraordinary General Meeting of Shareholders (‘EGM’) to be held on 15 September 2025.

    Key agenda items include:

    • the proposal to change the statutory name of the company to Triple Finance Group N.V.,
    • the introduction of new business activities aligned with the renewed strategy to further establish the Company as a stock-listed investment holding, and
    • a substantial increase in Lavide’s authorised share capital in support of the renewed strategy. 

    The agenda for the EGM, the convocation and supporting documents are being made public through the website of the company www.lavideholding.com.

    END OF PRESS RELEASE

    For further information on the information contained in this press release, please contact Thijs Groeneveld, CEO at contact@lavideholding.com.

    The MIL Network –

    August 5, 2025

  • MIL-OSI: Atos – Half-year 2025 results on track. Full Year 2025 targets confirmed

    Source: GlobeNewswire (MIL-OSI)

    Press Release

    Half-year 2025 results on track
    Full Year 2025 targets confirmed

    • Significant progress in the execution of the Genesis transformation plan
      • Reset of cost base well engaged, already impacting profitability
      • Over 50% of the overall Genesis restructuring target incurred
        at the end of June
      • Growth pillar initial phase achieved to deliver long-term ambition
    • Operating Margin up 80 bps proforma from 2.0% to 2.8%, to €113m (+15.4% yoy) despite the material decline in revenue, as anticipated
      • Atos SBU: +1.7 pts to 5.7% driven by initial benefits from the restructuring plan and tight contract management
      • Eviden SBU: -1.7 pts to -7.9% – consistent with previously announced seasonality
    • Significant improvement in Free Cash Flow1to -€96m (including -€154m cash restructuring) from -€593m in H1 2024
    • H1 revenue at €4,020m, down 17.4% organically due to expected impact of contracts exit and low business traction in 2024.
    • Achieved a 10 pts yoy Book-to-Bill improvement reaching 83% despite soft market environment with:
      • Improved or flat order entry in all regions apart from France
      • Continued strategic deal wins with 11 large multi-year contracts signed vs. 5 in H1 2024. The positive commercial momentum is expected to continue in H2 2025
      • Rolling 12-month pipeline increased by €1.5bn in Q2 including €1.3bn in large deals (over €30m)
    • Full Year 2025 targets and long-term trajectory confirmed   
    • Share Purchase Agreement signed with the French State for the sale of Advanced Computing activities

    Paris, August 1st, 2025 – Atos, a leading provider of AI-powered digital transformation, today announces its half year 2025 financial results.

    Philippe Salle, Atos Group Chairman of the Board of Directors and Chief Executive Officer, declared:

    “In a challenging environment, I am very encouraged by the determination of our teams in rolling-out the Genesis transformation plan with no delay. The voluntary optimization of the Group cost base is already starting to show initial benefits as shown through our half-year results: the operating margin is improving by over 15% year-on-year, a positive momentum which we intend to pursue. Our limited cash consumption is reflecting our disciplined approach to cash management, and we notice a sheer increase in enthusiasm among our customers towards the strategic refocusing of the Group.
    We also reached a new significant milestone towards the sale of our Advanced Computing activities with the signature of a share purchase agreement with the French State.
    We are looking ahead to the rest of the year and beyond with confidence and a single focus: executing on our strategy. We remain strongly committed to our 2025 targets and our long-term financial trajectory.”

    H1 2025 performance highlights

    In € million H1 2025 H1 2024 Var.   H1 2024* Organic Var.
    Revenue 4,020  4,964 (944)   4,865 (845) 
    Operating Margin 113  115 (2)   98 +15
    In % of revenue 2.8% 2.3% +0.5 pts   2.0%  +0.8 pts
    OMDA 309  373 (64)      
    In % of revenue 7.7% 7.5% +0.2 pts      
    Net income – Group share  -696 -1,941 + 1,245      
    Free Cash Flow2 -96  -593 + 497      
    Net debt (excl. IFRS 9 adjustment) -1,681  -4,218 + 2,537      

    *: at constant scope and June 2025 average exchange rates

    Operational performance

    Group revenue reached 4,020 million euros in the first half 2025, reflecting a 17.4% organic decline compared to the first half of 2024, driven by 2024 contract losses and voluntary contract exits, especially in the Atos Strategic Business Unit (SBU) in the United States and the United Kingdom, as well as overall soft market environment. The Atos SBU generated revenue of 3,603 million euros, down 17.9% organically compared to the first half of 2024. The Eviden SBU revenue was down 11.9% compared to the first half of 2024, to 417 million euros in the first half of 2025.

    Group operating margin reached 113 million euros in the first half of 2025, representing an organic 15% increase compared to the first half of 2024 and 2.8% of revenue (compared to 2.0% in the first half of 2024), despite a 845 million revenue decline year-on-year. This performance demonstrates the initial benefits of the cost reduction measures engaged since the beginning of the year, especially in the Atos SBU where the operating margin improved 18% year-on-year. The Eviden SBU profitability was lower than last year, as expected, due to a strong seasonality throughout the year.

    Disclosure in this section represents the revised reporting structure of Atos Group, following the implementation of the new organization in the first half 2025 reporting period. These are those that will be presented in the consolidated financial statements for the first half of 2025, which will be included in the 2025 half year report. Atos has identified Atos France, Atos BNN Benelux & the Nordics, Atos UK&I, Atos USA & CA, Atos GACE, Atos IM, Atos Global Delivery Centers, Eviden and Global Structures as the operating segments, mirroring the internal reporting structure. This reflects the review, management and assessment of the group’s operating results by Group Management following the implementation of the new organization.

    In € million  H1 2025 Revenue H1 2024*   Revenue Organic variation H1 2025 OM H1 2024 OM* H1 2025 OM Organic variation*  
     
    ATOS 3,603 4,391 -17.9% 204 173 5.7% +18.2%  
    Germany, Austria & Central Europe 767 831 -7.6% 1 -11 0.1% ns  
    USA & Canada 695 978 -29.0% 70 92 10.1% -24.4%  
    France 591 663 -10.8% 13 9 2.1% +45.4%  
    UK & Ireland 583 821 -29,0% 50 48 8.6% +4.5%  
    International Markets 561 668 -16.0% 46 39 8.2% +18.8%  
    BNN Benelux & the Nordics 402 425 -5.4% 23 -1 5.6% ns  
    Global Delivery Centers 5 6 -18.7% 2 -3 0.1% ns  
    Eviden 417 474 -11.9% -33 -30 -7.9% +11.5%  
    Global Structures – – – -57 -45 -1.4% +28.8%  
    Group total 4,020 4,865 -17.4% 113 98 2.8% +15.4%  

     *: at constant scope and June 2025 average exchange rates

    Atos – Germany, Austria & Central Europe revenue was 767 million euros in the first half of 2025, representing a 7.6% organic decline compared to the first half of 2024 with a significant ramp down from a couple of large clients who implemented insourcing strategies. It also stemmed from managed exits from low profitability contracts. That was partially offset by successful fertilization and cross selling at existing clients.

    Operating margin improved by 140 basis points year-on-year despite the non-recurring treatment of some reorganization expenses in the first half of 2024. It reached breakeven in the first half of 2025 thanks to the restructured delivery of existing contract portfolio and benefits from cost-saving initiatives.

    Atos – USA & Canada revenue decreased by 284 million euros year-on-year on a proforma basis. This was driven essentially by 2024 large contract completions and ramp-downs as well as an uncertain macro and political environment. Churn on small size contracts was more than offset by growing activity at existing clients and new contracts during the period.

    Operating margin improved 60 basis points compared to the first half of 2024 despite the material impact from revenue fall thru, thanks to the Genesis-led margin optimization actions already in place. It stood at 70 million euros in the first half of 2025.

    Atos – France revenue reached 591 million euros in the first half of 2025, down 10.8% organically from the first half of 2024, due to high exposure to the recently muted public sector and the impact of financial restructuring on client perception in 2024.

    Operating margin improved by 80 basis points year-on-year thanks to the benefit of cost-cutting initiatives on indirect costs, an improved billability rate despite revenue decline and improving low profitability contract management, quality of delivery and automation.

    Atos – UK & Ireland revenue reached 583 million euros in the first half of 2025, down 29% organically year-on-year mostly as a result of planned large public sector BPO contracts completion in the fourth quarter of 2024.

    Operating margin improved 280 basis points compared to the first half of 2024. In absolute terms, it was stable year-on-year despite the sharp decrease in revenue, thanks to the restructuring of low profitability contracts, successful delivery of new business and an already visible impact from cost-saving initiatives.

    Atos – International Markets revenue was down 16% organically in the first half of 2025, to 561 million euros, mostly driven by softer performance in Asia Pacific, Switzerland and Major events that had benefited from the Olympics in the first half of 2024. That was partially offset by growing revenues in South America.

    Operating margin improved by 240 bps compared to the first half of 2024 and reached 46 million euros in the first half of 2025 (up 7 million year-on-year). The contribution from lost revenue was more than offset by improved productivity, benefits from the Genesis transformation plan and lower one-off costs year-on-year with Olympics-related marketing costs incurred in the first half of 2024.

    Atos – BNN, Benelux and the Nordics revenue stood at 402 million euros in the first half of 2025, down 5.4% organically compared to the first half of 2024 with churn partially offset by growing activity at existing clients.

    Operating margin turned positive in the first half of 2025, to 23 million euros, or 5.6% of revenues. This was driven by the ramp up of higher profitability contracts and positive contribution from the Genesis action plan and continued positive service and project delivery.

    Eviden revenue was 417 million euros in the first half of 2025, down 11.9% organically year-on-year, driven by the anticipated strong seasonality in Advanced Computing (down 10.9% compared to the first half of 2024).
    Operating margin was –33 million euros, compared to -30 million euros in the first half of 2024 again, due to the seasonality in Advanced Computing. Significant revenue and profit recognition is expected in the fourth quarter of 2025. On a full-year basis the business unit is expected to generate positive operating margin.

    Global Structures costs stood at -57 million euros in the first half of 2025, compared to -45 million euros in the first half of 2024, due to the non-recurring treatment of reorganization costs in the first half of 2024 and the UEFA marketing costs incurred centrally in the first half of 2025.

    Update on the Genesis plan execution

    At the Capital Markets Day that was held on May 14, 2025, the Group unveiled “Genesis”, its strategic and transformation plan for the next 4 years. It includes 22 workstreams regrouped under 7 pillars:

    • Growth
    • Human Resources
    • Countries review
    • Portfolio review
    • Gross Margin
    • Cost review
    • Cash

    During the first half of 2025 significant progress was achieved, including the following:

    • Growth transformation: it has now passed the initial phase with a new growth and sales teams operating model deployed in all geographies and centrally. That included the right sizing and upskilling of the teams and sales enablement initiatives as well as prioritization to ensure frontline excellence and support future growth ambition. With that, processes were streamlined and optimized, enabling the sales force to concentrate efforts on meeting client needs. It is anticipated to yield results from the second half onwards
    • Countries review: to sharpen the geographical focus as announced in the Capital Markets Day, the Group exited one country and formally launched disposal processes for additional non-core countries
    • Contract portfolio review: in the first half of 2025, the Group reduced its exposure to low margin contracts (ie contracts with a project margin below 5%) to only three significant ones (vs seven at the end of 2024), and totaling a c.16 million euros negative impact on operating margin compared to c.52 million euros in the first half of 2024
    • Delivery and G&A optimization: the billability rate improved from 76% to 79% during the first half, and the General & Administrative cost base was reduced by 10% compared to the same period last year. Overall, over 50% of the 3-year restructuring envelope of 700 million euros was incurred at the end of June. The total headcount was 69,597 at the end of the period

    Order entry and backlog

    Commercial activity

    Order entry reached €3.3 billion in H1 2025, slightly lower than the reported H1 2024 level, due to:

    • Muted commercial activity in France where significant organizational changes are being implemented to improve commercial efficiency, enrich our offering and secure long term business performance. All other regions delivered roughly flat or growing order entry in the first half of the year
    • The soft market environment observed in the last few months

    Book-to-bill ratio was 83% in the first half of 2025, up from 73% in the same period of 2024. Main contract signatures in the second quarter of 2025 included two 4+ years Digital workplace deals totaling 140 million euros (of which 100 million euros in North America and 40 million euros in the UK), a 5+ years 80 million euros mainframe deal with a North American wholesaler of technology products, a 4+ years 50 million euros Cybersecurity contract in the public sector in Belgium, and two 3+ years digital applications contracts in Europe for a cumulative amount of 90 million euros with a consumer goods player on one side and a public sector body on the other.

    Backlog & commercial pipeline

    At the end of June 2025, the full backlog reached €12 billion representing 1.5 years of revenue.
    The full qualified pipeline amounted to €4.1 billion at the end of June 2025, representing 6.1 months of revenue.

    Net income

    OOI
    Other operating income and expenses amounted to –566 million euros in the first half of 2025, compared to –1,819 million euros in the first half of 2024. It mostly included restructuring and other non-recurring charges in relation to the Genesis transformation plan, as well as litigation provisions.

    Financial income
    Net financial expense was -202 million euros in the first half of 2025, compared to -175 million euros in the first half of 2024, reflecting the new debt structure of the Group and the fair value adjustment of the net debt.

    Tax
    Tax charge stood at -41 million euros in the first half of 2025, compared to -62 million euros in the first half of 2024.

    Net result group share
    As a result of the above net result Group share was a loss of –696 million euros in the first half of 2025, compared to a loss of –1,941 million euros in the first half of 2024.

    Free cash flow

    Free cash flow for the period stood at –96 million euros for the period excluding changes in working capital actions (WCA), reflecting the following items:

    • Operating margin before depreciation and amortization (OMDA) of 309 million euros
    • Capex of –93 million euros, or 2.3% of revenues
    • Leases of –122 million euros
    • Change in working capital requirement (excluding WCA) of 167 million euros, mostly driven by lower activity in the first half of 2025
    • Cash restructuring of –154 million euros, in relation to the Genesis transformation plan
    • Tax paid of -13 million euros
    • Net cash cost of debt of –80 million euros, including 18 million euros of financial income
    • Other items for –109 millions, that included litigation and onerous contracts

    Net debt and debt covenants

    At June 30, 2025, net debt was 1,681 million euros (746 million euros including IFRS 9 debt fair value adjustment), compared to 1,238 million euros as of December 31, 2024 (275 million euros including IFRS 9 debt fair value adjustment), and mainly consisted of:

    • Cash and cash equivalents for 1,364 million euros
    • Borrowings for 3,057 million euros (nominal value, excluding PIK) or 2,186 million euros including IFRS 9 fair value adjustment and PIK

    The new credit documentation requires the Group to maintain:

    • from 31 March 2025, a minimum liquidity level of €650 million, to be verified at the end of each financial quarter
    • from 30 June 2027, as from each half-year end, a maximum level of financial leverage (“Total Net Leverage Ratio Covenant”), which is defined as the ratio of Financial indebtedness (mainly excluding IFRS 16 impacts and IFRS 9 debt fair value treatment) to pre-IFRS 16 OMDA; the ceilings thus applicable will be determined no later than 30 June 2026 with reference to a flexibility of 30% in relation to the Business Plan adopted by the Group at that time; these ceilings will in any event remain between 3.5x and 4.0x.

    As of June 30, 2025, the Group financial leverage ratio (as defined in glossary) was 4.0x.

    Outlook

    The Group confirms its full year 2025 targets:

    • c. 8.5 billion euros revenue3
    • around 4% operating margin
    • net change in cash4 before debt repayment of c. -350 million euros

    The long-term financial trajectory also remains unchanged.

    In 2026, the Group expects to generate positive organic growth and net change in cash4 before debt repayment and M&A.

    In 2028, with the assumption of a disposal of Advanced Computing in FY 2026 and a progressive reduction of its geographic footprint, the Group expects:

    • to grow revenues organically to between 8.5 and 9 billion euros, representing a 5-7% CAGR between 2025 and 2028. Strategic, targeted and disciplined M&A could further increase revenue to up to 9 to 10 billion euros
    • to reach an operating margin of around 10%, supported by cost reduction measures and structural visible growth, partially offset by an acceleration of R&D investments
    • to achieve a leverage ratio below 1.5x net debt/OMDAL5. On the path to an investment grade rating, the Group expects to achieve a BB profile in 2027

    Sale of Advanced Computing

    On July 31, 2025, Atos Group signed a share purchase agreement with the French State for the sale of its Advanced Computing business, excluding Vision AI activities, for an enterprise value (EV) of €410 million, including €110m earn-outs that are based on profitability indicators for fiscal years 2025 (€50 million potential earn-out that should be paid upon closing) and 2026 (€60 million additional potential earn-out). This EV is in line with the confirmatory offer received from the French State on June 2, 2025 which has been approved by Atos Group Board of Directors.

    Atos Advanced Computing business regroups the High-Performance Computing (HPC) & Quantum as well as the Business Computing & Artificial intelligence divisions. The transaction perimeter is expected to generate revenue of circa €0.8 billion in 2025.

    The French State will become the new shareholder of these activities, further supporting the business and its development over the long term.

    Social processes for the signing of the SPA agreement are closed. The transaction is expected to close over H1 2026 once the carveout is completed and relevant authorizations have been received.

    Interim condensed consolidated financial statements

    Atos Group Board of Directors in its meeting held on July 31, 2025, has reviewed the Group interim condensed consolidated financial statements closed at June 30, 2025. The Statutory Auditors have completed their usual limited review of the half-year condensed consolidated financial statements and issued their unqualified report.

    Conference call

    Atos Group’s Management invites you to attend the first half 2025 results conference call on Friday, August 1st, 2025, at 08:00 am (CET – Paris).

    You can join the webcast of the conference via the following link:

    https://edge.media-server.com/mmc/p/mz677p34

    If you want to join the conference by telephone, please register via this link:

    https://register-conf.media-server.com/register/BIc7cb4acc36ee4ddbbe4878cdc98936fa

    Upon registration, you will receive the dial-in info and a unique PIN to join the call as well as an email confirmation with the details.

    After the conference, a replay of the webcast will be available on atos.net, in the Investors section.

    Forthcoming events

    October 20, 2025 (After Market Close) Third quarter 2025 revenue

    APPENDIX

    H1 2024 revenue and operating margin at constant scope and exchange rates reconciliation

    For the analysis of the Group’s performance, revenue and OM for H1 2025 is compared with H1 2024 revenue and OM at constant scope and foreign exchange rates. Reconciliation between the H1 2024 reported revenue and OM, and the H1 2024 revenue and OM at constant scope and foreign exchange rates is presented below, by segment.

    H1 2024 revenue H1 2024 published Restatement H1 2024 restated Internal transfers Scope effects Exchange rates effects H1 2024*
    In € million
    ATOS 4,259 234 4,493 -3 -85 -13 4,391
    Germany, Austria & Central Europe 779 62 841 0 -11 0 831
    USA & Canada 949 38 987 0 0 -9 978
    France 686 39 725 -4 -58 0 663
    UK & Ireland 791 17 808 0 0 13 821
    International Markets 675 27 702 0 -16 -17 668
    BNN Benelux & the Nordics 375 49 424 1 0 0 425
    Global Delivery Centers 4 2 6 0 0 0 6
    Eviden 705 -234 471 3 0 0 474
    Global Structures –  – – – – – – 
    Group Total 4,964 0 4,964 0 -86 -13 4,865
    H1 2024 Operating Margin H1 2024 published Restatement H1 2024 restated Internal transfers Scope effects Exchange rates effects H1 2024*
    In € million
    ATOS 175 -1 174 1 -15 12 173
    Germany, Austria & Central Europe -16 2 -14 -2 -2 7 -11
    USA & Canada 97 0 96 0 0 -4 92
    France 14 -2 12 2 -10 5 9
    UK & Ireland 47 0 47 0 0 1 48
    International Markets 40 0 40 0 -3 2 39
    BNN Benelux & the Nordics -4 3 -1 -3 0 3 -1
    Global Delivery Centers -3 -3 -6 3 0 -1 -3
    Eviden -16 2 -14 -2 0 -13 -30
    Global Structures -44 -1 -45 1 0 -1 -45
    Group Total 115 0 115 0 -15 -2 98

    *: at constant scope and June 2025 average exchange rates

    Restatement corresponds to the transfer of Cybersecurity Services from Eviden to Atos.

    Scope effects amounted to €-86 million. They related to the divesture of Worldgrid in France, International Markets (Iberia) and Germany.

    Currency effects negatively contributed to revenue of -13 million. They mostly came from the depreciation of the US dollar, the Brazilian real, the Argentinian peso and the Turkish lira, partially compensated by the appreciation of the British pound.

    Q1 2024 revenue at constant scope and exchange rates reconciliation

    For the analysis of the Group’s performance, revenue for Q1 2025 is compared with Q1 2024 revenue at constant scope and foreign exchange rates.

    Q1 2024 revenue Q1 2024 published Restatement Q1 2024 restated Internal transfers Scope effects Exchange rates effects Q1 2024*
    In € million
    ATOS 2,155 118 2,273 -1 -43 22 2,251
    Germany, Austria & Central Europe 385 30 416 0 -6 0 410
    USA & Canada 474 20 493 0 0 15 509
    France 354 20 375 -2 -30 0 343
    UK & Ireland 410 9 419 0 0 10 430
    International Markets 339 14 352 0 -8 -4 341
    BNN Benelux & the Nordics 190 25 215 0 0 0 215
    Global Delivery Centers 2 1 3 0 0 0 3
    Eviden 324 -118 206 1 0 1 207
    Global Structures 0 0 0 0 0 0 0
    Group Total 2,479 0 2,479 0 -44 23 2,458

    * at constant scope and June 2025 average exchange rates

    Q2 2024 revenue at constant scope and exchange rates reconciliation

    For the analysis of the Group’s performance, revenue for Q2 2025 is compared with Q2 2024 revenue at constant scope and foreign exchange rates.

    Q2 2024 revenue Q2 2024 published Restatement Q2 2024 restated Internal transfers Scope effects Exchange rates effects Q2 2024*
    In € million 
    ATOS 2,105 116 2,220 -2 -42 -35 2,140
    Germany, Austria & Central Europe 394 31 425 0 -5 0 420
    USA & Canada 476 18 494 0 0 -24 470
    France 331 18 350 -2 -28 0 320
    UK & Ireland 380 9 389 0 0 2 391
    International Markets 337 13 350 0 -8 -13 327
    BNN Benelux & the Nordics 184 25 209 0 0 0 210
    Global Delivery Centers 2 1 3 0 0 0 3
    Eviden 381 -116 265 2 0 0 266
    Global Structures – – – – – – –
    Group Total 2,486 0 2,486 0 -42 -36 2,407

    * at constant scope and June 2025 average exchange rates

    Q1 2025 and Q2 2025 revenue according to the new Group reporting structure

    In € million  Q1 2025 Revenue Q1 2024*   Revenue Organic variation* Q2 2025 Revenue Q2 2024*   Revenue Organic variation*  
     
    ATOS 1,861 2,251 -17.3% 1,742 2,140 -18.6%  
    Germany, Austria & Central Europe 385 410 -6.1% 382 420 -9.1%  
    USA & Canada 370 509 -27.3% 324 470 -31.0%  
    France 304 343 -11.4% 287 320 -10.2%  
    UK & Ireland 302 430 -29.6% 280 391 -28.4%  
    International Markets 290 341 -14.8% 271 327 -17.1%  
    BNN Benelux & the Nordics 206 215 -4.4% 196 210 -6.4%  
    Global Delivery Centers 2 3 -10.6% 2 3 -23.9%  
    Eviden 208 207 0.1% 210 266 -21.3%  
    Global Structures – – – – – –  
    Group total 2,068 2,458 -15.9% 1,952 2,407 -18.9%  

    * at constant scope and June 2025 average exchange rates

    H1 2025 consolidated Profit & Loss Account

    (in € million) 6 months ended June 30, 2025 6 months ended June 30, 2024
    Revenue 4,020 4,964
    Personnel expense -2,115 -2,615
    Non-personnel operating expense -1,792 -2,235
    Operating margin 113 115
    % of revenue 2.8% 2.3%
    Other operating income and expense -566 -1,819
    Operating income (loss) -452 -1,704
    % of revenue -11.3% -34.3%
    Net cost of financial debt -162 -73
    Other financial expense -62 -135
    Other financial income 22 33
    Net financial income (expense) -202 -175
    Net income (loss) before tax -654 -1,879
    Tax charge -41 -62
    Net income (loss) -695 -1,941
    Of which:    
    ▪ attributable to owners of the parent -696 -1,941
    ▪ non-controlling interests 1 0

    H1 2025 Consolidated Cash Flow Statement

    in € million 6 months ended
    June 30, 2025    		 6 months ended
    June 30, 2024
    Net income (loss) before tax -654 -1,879
    Depreciation of fixed assets 134 125
    Depreciation of right-of-use 99 138
    Net addition (release) to operating provisions -1 -10
    Net addition (release) to financial provisions 6 28
    Net addition (release) to other operating provisions 199 -55
    Amortization of intangible assets (PPA from acquisitions) 12 29
    Impairment of goodwill and other non-current assets 24 1 570
    Losses (gains) on disposals of non-current assets 3 71
    Net charge for equity-based compensation – 3
    Unrealized losses (gains) on changes in fair value and other – -1
    Net cost of financial debt 162 73
    Interests on lease liability 15 19
    Net cash from (used in) operating activities
    before change in working capital requirement and taxes    		 -3 111
    Tax paid -13 -45
    Change in working capital requirement 43 -1 477
    Net cash from (used in) operating activities 28 -1,411
    Payment for tangible and intangible assets -93 -278
    Proceeds from disposals of tangible and intangible assets – 5
    Net operating investments -93 -273
    Amounts paid for acquisitions and long-term investments – -10
    Net proceeds from disposals of financial investments 1 -1
    Net long-term financial investments 1 -11
    Net cash from (used in) investing activities -92 -284
    Common stock issued 1 –
    Purchase and sale of treasury stock – -1
    Dividends paid* – -12
    Dividends paid to non-controlling interests – -2
    Lease payments -122 -159
    New borrowings – 470
    Repayment of borrowings – -10
    Interests paid -80 -53
    Other flows related to financing activities -6 -77
    Net cash from (used in) financing activities -207 155
    Increase (decrease) in net cash and cash equivalents -271 -1,540
    Opening net cash and cash equivalents 1,739 2,295
    Increase (decrease) in net cash and cash equivalents -271 -1,540
    Impact of exchange rate fluctuations on cash and cash equivalents -104 4
    Closing net cash and cash equivalents 1,364 759

    H1 2025 Balance Sheet

    (in € million) June 30,
    2025    		 December 31, 2024
    ASSETS    
    Goodwill 574 653
    Intangible assets 306 349
    Tangible assets 524 580
    Right-of-use assets 466 550
    Equity-accounted investments 12 12
    Non-current financial assets 98 131
    Deferred tax assets 213 184
    Total non-current assets 2,193 2,458
    Trade accounts and notes receivable 2,190 2,435
    Current taxes 90 102
    Other current assets 1,340 1,510
    Current financial instruments 0 2
    Cash and cash equivalents 1,364 1,739
    Total current assets 4,984 5,788
    TOTAL ASSETS 7,176 8,246
    (in € million) June 30,
    2025    		 December 31, 2024
    LIABILITIES AND SHAREHOLDERS’ EQUITY    
    Common stock 19 18
    Additional paid-in capital 1,887 1,887
    Consolidated retained earnings -1,302 -1,354
    Net income (loss) attributable to the owners of the parent -696 248
    Equity attributable to the owners of the parent -91 799
    Non-controlling interests 1 –
    Total shareholders’ equity -91 799
    Provisions for pensions and similar benefits 664 782
    Non-current provisions 465 345
    Borrowings 2,174 2,089
    Deferred tax liabilities 138 69
    Non-current lease liabilities 438 498
    Other non-current liabilities 4 3
    Total non-current liabilities 3,884 3,787
    Trade accounts and notes payable 971 1,018
    Current taxes 66 75
    Current provisions 386 315
    Current portion of borrowings 11 17
    Current lease liabilities 190 207
    Other current liabilities 1,759 2,028
    Total current liabilities 3,383 3,660
    TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY 7,176 8,246

    Glossary

    Operational capital employed: Operational capital employed comprises net fixed assets and net working capital but excludes goodwill and net assets held for sale.

    Current and non-current assets or liabilities: A current and non-current distinction is made between assets and liabilities on the consolidated statement of financial position. Atos has classified as current assets and liabilities those assets and liabilities that Atos expects to realize, use or settle during its normal cycle of operations, which can extend beyond 12 months following the period end. Current assets and liabilities, excluding the current portion of borrowings, lease liabilities and provisions, and current financial instruments represent the Group working capital requirement.

    DSO: (Days of Sales Outstanding). DSO is the amount of trade accounts receivable (including contract assets) expressed in days of revenue (on a last-in, first-out basis). The number of days is calculated in accordance with the Gregorian calendar.

    Organic growth: Organic growth represents the percent growth of a unit based on a constant scope and exchange rates basis.

    CAGR: The Compound Annual Growth Rate reflects the mean annual growth rate over a specified period of time longer than one year. It is calculating by dividing the value at the end of the period in question by its value at the beginning of that period, raise the result to the power of one divided by the period length, and subtract one from the subsequent result. As an example:

    2019-2021 revenue CAGR = (Revenue 2021 / Revenue 2018) (1/3) -1

    Operating margin: Operating margin equals to External Revenues less personnel and operating expense. It is calculated before Other Operating Income and Expense as defined below.

    Other operating income and expense: 

    Other operating income and expense include:

    • the amortization and impairment of intangible assets recognized as part of business combinations such as customer relationships, technologies and goodwill
    • when accounting for business combinations, the Group may record provisions in the opening statement of financial position for a period of 12 months beyond the business combination date. After the 12-month period, unused provisions arising from changes in circumstances are released through the income statement under “Other operating income and expense”
    • the cost of acquiring and integrating newly controlled entities, including earn out with or without presence conditions
    • the net gains or losses on disposals of consolidated companies or businesses
    • the fair value of shares granted to employees including social contributions
    • the restructuring and rationalization expense relating to business combinations or qualified as unusual, infrequent and abnormal. When a restructuring plan qualifies for Other operating income and expense, the related real estate rationalization & associated costs regarding premises are presented on the same line
    • the curtailment effects on restructuring costs and the effects of plan amendments on defined benefit plans resulting from triggering events that are not under control of Atos management
    • the net gain or loss on tangible and intangible assets that are not part of Atos core-business such as real estate
    • other unusual, abnormal and infrequent income or expense such as major disputes or litigation.

    Gross margin and indirect costs: Gross margin is composed of revenue less the direct costs of goods sold. Direct costs relate to the generation of products and/or services delivered to customers, while indirect costs include all costs related to indirect staff (defined hereafter), which are not directly linked to the realization of the revenue. The operating margin comprises gross margin less indirect costs.

    EBITDA (Earnings Before Interest, Tax, Depreciation and Amortization): for Atos, EBITDA is based on Operating Margin less non-cash items and is referred to as OMDA (Operating Margin before Depreciation and Amortization).

    OMDA (Operating Margin before Depreciation and Amortization) is calculated as follows:

    Operating margin:

    • less – Depreciation of fixed assets (as disclosed in the “financial report”)
    • less – Depreciation of right of use (as disclosed in the “financial report”)
    • less – Net charge (release) of provisions (composed of net charge of provisions for current assets and net charge of provisions for contingencies and losses, both disclosed in the “financial report”)
    • less – Net charge (release) of provisions for pensions (as disclosed in the “financial report”).

    OMDAL: OMDA – lease repayments.

    Gearing: The proportion, expressed as a percentage of net debt to total shareholders’ equity (Group share and minority interests).

    Interest cover ratio: Operating margin divided by the net cost of financial debt, expressed as a multiple.

    Leverage ratio: Net debt (before changes in working capital actions and IFRS 9 fair value adjustment) / OMDAL rolling 12-months.

    Operating income (loss): Operating income (loss) comprises net income (loss) before deferred and current income taxes, net financial income (expense), and share of net profit (loss) of equity-accounted investments.

    Cash flow from operations: Cash flow coming from the operations and calculated as a difference between OMDA, net capital expenditures, lease payment and change in working capital requirement.

    Net cash or net debt: Net cash or net debt comprises total borrowings (bonds, short term and long-term loans, securitization and other borrowings), short-term financial assets and liabilities bearing interest with maturity of less than 12 months, less cash and cash equivalents. Liabilities associated with lease contracts and derivatives are excluded from the net debt.

    Free Cash Flow (FCF): The Free Cash Flow represents the change in net cash or net debt, excluding capital increase, share buyback, dividends paid to shareholders and non-controlling interests, net acquisition or disposal of companies.

    Earnings (loss) per share (EPS): Basic EPS is the net income (loss) divided by the weighted-average number of common shares outstanding during the period. Diluted EPS is the net income (loss) divided by the diluted weighted-average number of common shares for the period (number of shares outstanding + dilutive instruments with dilutive effect).

    Revenue: Revenue related to Atos’ sales to third parties (excluding VAT).

    TCV (Total Contract Value): The Total Value of a Contract at signature (prevision or estimation) over its duration represents the firm order and contractual part of the contract excluding any clause on the decision of the client, as anticipated withdrawal clause, additional option or renewal.

    Order entry/bookings: The TCV, orders or amendments signed during a defined period. When an offer is won (contract signed), the total contract value is added to the backlog and the order entry is recognized.

    Book-to-bill: The Book-to-Bill is the ratio expressed in percentage of the order entry in a period divided by revenue of the same period.

    Backlog/Order cover: The value of signed contracts, orders and amendments that remain to be recognized over their contract lives.

    Pipeline: The value of revenues that may be earned from outstanding commercial proposals issued to clients. Qualified pipeline applies an estimated percentage likelihood of proposal success.

    Direct Staff: Direct staff includes permanent staff and subcontractors, whose work is billable to a third party.

    Indirect staff: Indirect staff includes permanent staff or subcontractors, who are not billable to clients. Indirect staff is not directly involved in the generation of products and/or services delivered to clients.

    Disclaimer

    This document contains forward-looking statements that involve risks and uncertainties, including references, concerning the Group’s expected growth and profitability in the future which may significantly impact the expected performance indicated in the forward-looking statements. These risks and uncertainties are linked to factors out of the control of the Company and not precisely estimated, such as market conditions or competitors’ behaviors. Any forward-looking statements made in this document are statements about Atos’s beliefs and expectations and should be evaluated as such. Forward-looking statements include statements that may relate to Atos’s plans, objectives, strategies, goals, future events, future revenues or synergies, or performance, and other information that is not historical information. Actual events or results may differ from those described in this document due to a number of risks and uncertainties that are described within the 2024 Universal Registration Document filed with the Autorité des Marchés Financiers (AMF) on April 10, 2025 under the registration number D.25-0238. Atos does not undertake, and specifically disclaims, any obligation or responsibility to update or amend any of the information above except as otherwise required by law.

    This document does not contain or constitute an offer of Atos’s shares for sale or an invitation or inducement to invest in Atos’s shares in France, the United States of America or any other jurisdiction. This document includes information on specific transactions that shall be considered as projects only. In particular, any decision relating to the information or projects mentioned in this document and their terms and conditions will only be made after the ongoing in-depth analysis considering tax, legal, operational, finance, HR and all other relevant aspects have been completed and will be subject to general market conditions and other customary conditions, including governance bodies and shareholders’ approval as well as appropriate processes with the relevant employee representative bodies in accordance with applicable laws.

    About Atos Group

    Atos Group is a global leader in digital transformation with c. 70,000 employees and annual revenue of c. € 10 billion, operating in 67 countries under two brands — Atos for services and Eviden for products. European number one in cybersecurity, cloud and high-performance computing, Atos Group is committed to a secure and decarbonized future and provides tailored AI-powered, end-to-end solutions for all industries. Atos is a SE (Societas Europaea) and listed on Euronext Paris.

    The purpose of Atos is to help design the future of the information space. Its expertise and services support the development of knowledge, education and research in a multicultural approach and contribute to the development of scientific and technological excellence. Across the world, the Group enables its customers and employees, and members of societies at large to live, work and develop sustainably, in a safe and secure information space.

    Contact

    Investor relations: investors@atos.net

    Individual shareholders: +33 8 05 65 00 75

    Media relations: globalprteam@atos.net

    1 Excluding change in Working Capital Actions

    2 Excluding change in Working Capital Actions

    3 At Dec 31, 2024 currency

    4 At constant currency

    5 Defined as Operating Margin before Depreciations, Amortization and Leases

    Attachment

    • Atos Group – 2025 08 01 – H1 2025 Results – PR

    The MIL Network –

    August 5, 2025

  • MIL-OSI China: China to allocate more funds in October to support trade-in program

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

    BEIJING, Aug. 1 — China’s top economic planner on Friday said that another 69 billion yuan (about 9.65 billion U.S. dollars) in ultra-long special treasury bond funds will be allocated in October to support the country’s consumer goods trade-in program.

    This will be the fourth and final batch of the year, according to Jiang Yi, an official with the National Development and Reform Commission (NDRC), who noted that the country has already issued its third batch of ultra-long special treasury bond funds in the same amount.

    The Ministry of Finance, together with the NDRC, has this year earmarked 300 billion yuan in such funds to back the consumer goods trade-in program.

    The economic performance in the first half of the year demonstrated strong resilience, with domestic demand contributing 68.8 percent to GDP growth and continuing to serve as a driving force for expansion, NDRC official Zhou Chen told a press conference Friday.

    Moving forward, the NDRC will continue to promote the introduction and implementation of a series of measures to stabilize employment and the economy, Zhou said.

    The NDRC will strengthen economic monitoring, forecasting and early warning, regularly conduct policy research and preparation, and continuously improve the policy toolkit for stabilizing employment and expanding domestic demand, Zhou added.

    The NDRC will formulate a list of preventive measures against acts that obstruct the unified market and fair competition.

    It will implement stronger and more effective measures to advance the building of the unified national market as planned.

    The ratio of social logistics cost to GDP, a key indicator reflecting cost efficiency of the sector, was 14 percent in the first half of 2025, down 0.2 percentage points from the same period last year and hitting a record low, according to the NDRC.

    According to a plan unveiled last year, China aims to cut the ratio of social logistics costs to GDP to around 13.5 percent by 2027.

    MIL OSI China News –

    August 5, 2025

  • MIL-OSI: Capgemini announces the departure of William Rozé from the Group

    Source: GlobeNewswire (MIL-OSI)

    Media relations:
    Sam Connatty
    Tel.: +44 370 904 3601
    sam.connatty@capgemini.com

    Investor relations:
    Vincent Biraud
    Tel.: +33 1 47 54 50 87
    vincent.biraud@capgemini.com

    Capgemini announces the departure of William Rozé from the Group

    Paris, August 1, 2025 – Capgemini announced today that William Rozé, CEO of Capgemini Engineering and Group Executive Board member, has decided to leave the Group to pursue other projects.

    Capgemini and William Rozé have agreed on William’s departure, effective from July 31. William has relinquished his responsibilities within the Group and his successor will be announced in the coming weeks.

    Aiman Ezzat, Chief Executive Officer of Capgemini commented: “I would like to thank William for his contribution to the Group in building Capgemini Engineering into the market leader that it is today. Notably, William helped to enable the integration of Altran and support the Group’s ambition to become the global leader in Intelligent Industry.”

    William joined Capgemini in 2020, as a result of Capgemini’s acquisition of Altran. He was appointed CEO of Capgemini Engineering in 2021.

    About Capgemini
    Capgemini is a global business and technology transformation partner, helping organizations to accelerate their dual transition to a digital and sustainable world, while creating tangible impact for enterprises and society. It is a responsible and diverse group of 350,000 team members in more than 50 countries. With its strong over 55-year heritage, Capgemini is trusted by its clients to unlock the value of technology to address the entire breadth of their business needs. It delivers end-to-end services and solutions leveraging strengths from strategy and design to engineering, all fueled by its market leading capabilities in AI, generative AI, cloud and data, combined with its deep industry expertise and partner ecosystem. The Group reported 2024 global revenues of €22.1 billion.

    Get the Future You Want | www.capgemini.com

    Attachment

    • 08_01_Capgemini announces William Rozé’s departure from the Group

    The MIL Network –

    August 5, 2025

  • MIL-OSI Russia: Uzbekistan presents financial code to support women’s entrepreneurship

    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, Aug. 1 (Xinhua) — The Central Bank of Uzbekistan has presented a regulation on the implementation of a financial code on women’s entrepreneurship aimed at systematically supporting and developing businesses run by women, local media reported on Thursday, citing the bank’s press service.

    “The Central Bank of the Republic of Uzbekistan, in its role as national coordinator, has developed a National Regulation on the implementation of the international We-Finance Code initiative,” the statement said.

    This document will form the basis for building an institutional approach aimed at creating a favorable environment for supporting and developing women’s entrepreneurship throughout the country.

    It is noted that the initiative provides not only financial assistance, but also a wide range of additional measures, including training programs, consultations, and assistance in bringing products of small and medium businesses to foreign markets. –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 –

    August 5, 2025

  • MIL-OSI: UAB “Atsinaujinančios energetikos investicijos” publishes its factsheet for the second quarter of 2025

    Source: GlobeNewswire (MIL-OSI)

    UAB “Atsinaujinančios energetikos investicijos” (the Company) publishes its factsheet, providing information about the Company’s investment portfolio, key events, business strategy, operating segments, and financial indicators as of 30 June 2025. 

    2025 Q2 KEY EVENTS 

    • The total aggregated 2025 YTD Revenue and YTD EBITDA amounted to 5,634 kEUR and 3,138 kEUR, respectively. 
    • The decision has been made to extend the Company’s term by two years, until February 2028. 
    • From the issuance proceeds of the new 2.5-year, fixed coupon, 100 mEUR Green Bonds Programme and bond redemption cash tender offer in June, the Investment Company has successfully refinanced 37.2 mEUR worth of outstanding green bonds that were to mature in December 2025. 

    Solar development in Poland: 

    • The construction of 67.8 MW total capacity PV Energy Projects sp. z. o.o. portfolio nears completion.  As of the reporting period, 47.9 MW are operational. Two projects (~2 MW) were energised during this quarter, and two projects (0.95 MW each) are planned to be energised in Q2 2025. The anticipated COD for the entire park is set for March 2026. 
    • The PL SUN sp. z o.o. portfolio, with a total capacity of 113.99 MW, is divided into two phases. Construction works for the first phase (66.6 MW) were largely finalised in Q2 2024. Of this, 26.47 MW were energised in Q4 2024. 20 MW were energised in this quarter. The remaining 20.2 MW are projected to be energised in Q3 2025. Construction of the second phase commenced in October 2024. Balance of System, technical advisory, and O&M contracts have been signed. Modules and inverters have been delivered to all sites. Mounting structure construction and module installation works have been finished in 7 sites (45.1 MW). Transformer stations were delivered to four sites (32.2 MW).  

    Wind Projects: 

    • The Energy Production license for the Anykščiai wind farm was obtained in August 2024. Jonava and Rokiškis wind farms obtained the license this quarter, in April.  
    • The 112 MW wind farm developed under Zala Elektriba SIA is scheduled to commence construction in the middle of July. The substation user’s part BoP agreement was signed in June. 

    Hybrid Projects: 

    • The hybrid projects managed by UAB “Ekoelektra” and UAB “KNT Holding” are progressing, with the majority of land lease agreements and cable and road servitudes secured for the former, and approximately 80% secured for the latter.  

    Contact person for further information: 

    Mantas Auruškevičius 

    Manager of the Investment Company 

    mantas.auruskevicius@lordslb.lt 

    Attachment

    • AEI Investor report 2025Q2 – EN

    The MIL Network –

    August 5, 2025

  • MIL-OSI Africa: United Nations (UN) Tourism/ International Civil Aviation Organization (ICAO) Ministerial Summit calls for enhanced cooperation to unlock Africa’s growth

    Source: APO


    .

    Jointly organized by UN Tourism, the International Civil Aviation Organization (ICAO), and the Government of Angola, the high-level event drew more than 300 international delegates around the theme “Accelerating Synergies for Resilient and Sustainable Growth”. The three-day conference, focused on strengthening the alignment between two of Africa’s fastest-growing sectors: tourism and air transport. Both are critical enablers for job creation, innovation, and greater regional mobility.

    In his opening remarks, UN Tourism Secretary-General Zurab Pololikashvili said: “Tourism and air transport are not just engines of growth, they are pathways to empowerment, opportunity, and transformation, through strategic leadership and innovation, Africa’s potential can become its reality.” He urged decisive policy action to remove the barriers holding African tourism back.

    H.E Daniel Marcio, Angola’s Minister of Tourism said “Angola is proud to host such a landmark event, which positions Angola as a regional hub for dialogue and action. Tourism is a key pillar of our national strategy for inclusive development, job creation, and cultural promotion.”

    In his intervention, H.E Mr. Ricardo de Abreu, Angola’s Minister of Transport, emphasized the importance of infrastructure and regulatory reform: “We must build air transport systems that are not only modern and efficient but also accessible and responsive to the needs of our people. Connectivity within Africa is essential to realizing the continent’s economic potential.”
    ICAO Council President Salvatore Sciacchitano commended the initiative’s collaborative spirit: “Tourism and aviation must grow hand in hand. Through shared vision and policy coherence, we can drive sustainable development, enhance safety and security, and ensure no country is left behind.”

    Connectivity, Policy Reform, Investment

    The Luanda Conference placed a strong emphasis on advancing Africa’s tourism and air transport sectors through enhanced connectivity, regulatory reform, and cross-sector collaboration. Delegates agreed that aligning aviation and tourism policies is vital to unlocking the continent’s potential, particularly through open skies agreements, cohesive infrastructure planning, and public-private investment. A central focus was also placed on simplifying visa processes, promoting joint destination marketing, and removing travel barriers to stimulate intra-African tourism.

    The Conference began with an expert-led workshop featuring technical sessions on innovation, connectivity, investment, and regional integration. Participants explored how technologies like AI and digital platforms can improve service delivery, while also identifying new funding models to expand infrastructure. In-depth discussions addressed how frameworks such as the African Continental Free Trade Area (AfCFTA) and the Single African Air Transport Market (SAATM) can support harmonized policies and boost regional mobility.

    Ministerial Discussions and Commitments

    Over two days of ministerial sessions, high-level officials focused on aligning policy frameworks, driving innovation for inclusive growth, ensuring equitable access to travel, and building resilient transport and tourism systems. The Conference concluded with the formal adoption of the Luanda Ministerial Statement—an affirmation of Africa’s collective commitment to developing a seamless, sustainable, and integrated travel ecosystem. 

    Luanda Ministerial Statement

    Ministers, leaders of delegations and delegates present pledged to:

    • Modernize tourism and aviation infrastructure with support from both public and private investment.
    • Deepen partnerships with key institutions including ICAO, UN Tourism, IATA, AFRAA, AFCAC, and others.
    • Advance mobility reforms through simplified and more affordable visa regimes, fast-track procedures, and longer-validity multi-entry visas.
    • Promote intra-African tourism, including joint destination marketing and greater collaboration with the private sector.
    • Empower youth and women through skills training, entrepreneurship support, and educational initiatives focused on the tourism and aviation sectors.

    This 2nd conference came at a time of record momentum for African tourism. The continent welcomed 74 million international arrivals in 2024, a 7% increase over 2019 and 12% more than in 2023, signalling strong recovery and renewed global interest in African destinations.

    Distributed by APO Group on behalf of World Tourism Organization (UN Tourism).

    MIL OSI Africa –

    August 5, 2025

  • MIL-OSI China: AI talent mobility seen in high gear

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

    Jobseekers talk with recruitment representatives at an artificial intelligence (AI) job fair held in Hangzhou, East China’s Zhejiang province, on June 28, 2025. [Photo/Xinhua]

    As the domestic artificial intelligence market draws increasing capital inflow and gains more support as a key innovation driver, talent in the sector has shown signs of heightened mobility this year, according to data released by Maimai, a domestic recruitment platform.

    As of July, 41.1 percent of employees at top AI companies in China had set their job status on the platform as “open to opportunities”, indicating a strong willingness to switch jobs, said Maimai.

    “February marked a pivotal turning point,” said Yang Ying, director of business operations at Maimai. “Since then, the number of AI professionals who switched their status to ‘open to opportunities’ has surged noticeably.”

    Yang added that about 10,000 AI professionals are newly marking themselves as open to job opportunities each month, while over 1,000 companies had posted AI-related openings on the platform by the end of July.

    The platform categorizes job status into three types: “open to opportunities”, “watching the market” and “not looking for jobs for the next six months”, designed to serve as indicators of talent mobility in different industries.

    In contrast, professionals in the broader internet industry show significantly less job-hopping intent, with only 14.7 percent marking themselves as actively seeking new roles, as of July.

    “The talent supply-demand ratio in the AI sector last year was roughly one-to-one — one candidate for each job opening. But in the first half of this year, the ratio has shifted to four candidates competing for three positions,” said Lin Fan, founder and CEO of Maimai. Lin also noted a 30 percent jump in the volume of AI job applications submitted in the first half of this year alone.

    Zhou Jian, a data analyst at the International Finance Forum, said the emerging rise of large language models such as ChatGPT was likely a watershed moment that accelerated AI development.

    “Landmark technological breakthroughs can draw heightened market attention, drive capital into AI-related sectors and serve as powerful catalysts for growth,” Zhou said.

    This week, the IFF released its report on the AI sector, which identifies talent shortages as one of the major roadblocks facing the AI industry. Still, the report remains optimistic about long-term talent growth, projecting a global increase of 2.85 million AI professionals over the next five years, bringing the total to approximately 5.85 million.

    It also showed that currently, there are about 3 million AI professionals worldwide, with 32.6 percent based in the United States and 24.4 percent in China.

    The report revealed that nearly 50 percent of AI professionals are engaged in core areas like research and development (32.6 percent) and data analytics (16.2 percent), with a dominance of R&D-related hiring across major AI companies.

    “This situation suggests that the industry is still in an early development phase,” Zhou noted.

    Campus recruitment data from Maimai showed that a significant portion of entry-level AI salaries still fall in the lower end. Positions offering monthly salaries under 20,000 yuan ($2,781) account for 32.5 percent, while those exceeding 50,000 yuan make up only 18.2 percent. More than 55 percent of roles offer salaries below 30,000 yuan.

    However, Yang from Maimai added that the recruitment platform has observed rising demand for AI talent beyond core technical roles as the country’s new economy sectors accelerate AI adoption.

    “Opportunities are increasingly emerging in non-tech functions such as product management, HR business partnering, branding and operations,” Yang said, adding that candidates with AI project experience often see a notable uptick in profile views after updating their resumes.

    MIL OSI China News –

    August 5, 2025

  • MIL-OSI Australia: Police complete search of Parnkalla trail

    Source: New South Wales – News

    Detectives from the Major Crime Investigation Branch and Port Lincoln Police, supported by SES personnel and a cadaver dog, have finished a detailed search of the Parnkalla Trail area in connection with the murder of Julian Story.

    A number of items were located during the search. All recovered evidence will be forwarded to Forensic Science SA for detailed scientific examination over the coming days.

    Police extend their gratitude to the many members of the Port Lincoln community who have come forward with information to aid this investigation.

    At this stage, there are no further searches planned, and investigators will now await the results of the forensic analysis.

    MIL OSI News –

    August 5, 2025

  • MIL-OSI Africa: Nigeria: African Development Bank Approves $46 Million to Transform Healthcare in Sokoto State

    Source: APO

    The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a $46 million loan to finance the Sokoto State Health Infrastructure Project, a transformative initiative designed to enhance healthcare access and quality in Nigeria’s Sokoto State.

    The project addresses critical health system gaps in Sokoto, where key indicators reflect a critical need for intervention. Only one in 20 children is fully vaccinated, while infant mortality stands at 104 deaths per 1,000 live births, nearly double Nigeria’s national average of 63. Less than 14 percent of health facilities in the state have functional infrastructure, and there is just one doctor for every 8,285 people — far below the World Health Organization’s recommended ratio of 1:1,000.

    The Bank’s financing will support the delivery of climate-smart health infrastructure across three levels of care. These include the construction and equipping of a 1,000-bed teaching hospital complex; three zonal hospitals with a combined capacity of 450 beds; and six primary healthcare canters strategically located to serve rural communities.

    The project also includes the rehabilitation of health training institutions and the development of a modern medical warehouse to strengthen pharmaceutical supply chains.

    “This investment illustrates our commitment to continue working with the Government to fill critical infrastructure gaps in Nigeria’s health system while building resilient, climate-adapted healthcare facilities,” said Abdul Kamara, Director General of the African Development Bank’s Nigeria Office. “By strengthening healthcare infrastructure in Sokoto State, we are building hope and creating pathways to better health outcomes for millions of Nigerians.”

    Aligned with Nigeria’s National Development Plan (2021-2025) and the Health Sector Renewal Investment Initiative, the project is expected to generate approximately 2,500 jobs, with 60 percent of opportunities targeting youth and 30 percent women. In addition, the project will integrate electronic health infrastructure and renewable energy systems, ensuring sustainable, energy-efficient operations while reducing greenhouse gas emissions. Expanded capacity in local the medical and nursing schools will create 700 new training slots annually, helping to address the region’s acute shortage of skilled health professionals.

    The initiative builds on the Bank’s successful track record in Nigeria’s health sector, where it has financed four health infrastructure projects totaling $117.68 million. It will leverage strategic partnerships with the United Nations Children’s Fund, the World Health Organization, USAID, and other development actors to maximize impact and ensure comprehensive health system strengthening.

    The African Development Bank Group remains committed to enhancing the quality of life for Africa’s people through targeted investments in resilient health infrastructure that drive inclusive growth and sustainable development across the continent.

    Distributed by APO Group on behalf of African Development Bank Group (AfDB).

    Media Contact:
    Natalie Nkembuh,
    Communication and Media Relations Department  
    media@afdb.org

    Media files

    .

    MIL OSI Africa –

    August 5, 2025

  • MIL-OSI United Kingdom: Appointment of Churches Conservation Trust members: 1 August 2025

    Source: United Kingdom – Government Statements

    Press release

    Appointment of Churches Conservation Trust members: 1 August 2025

    The King has approved the nomination of Trustees of the Board of the Churches Conservation Trust.

    The King has approved the nomination of Bishop Andrew Rumsey, Dr Ingrid Samuel OBE, Lord (Stephen) Parkinson of Whitley Bay, Michael Bithell JP, Vivienne King and Reverend Canon Timothy Goode.

    Andrew Rumsey read history at the University of Reading before training for ordination at Ridley Hall, Cambridge and doctoral studies at King’s College, London. Ordained in 1997, he has held a variety of parish posts in London and Southwark and was appointed Suffragan Bishop of Ramsbury in 2018. Andrew is the joint National Church of England Lead for Church and Cathedral Buildings, and is a writer, musician and champion for Anglican heritage.

    Dr Ingrid Helene Samuel OBE was educated at McGill University, Canada, obtaining BA in History, she then gained a M Litt and PhD in Modern History at Jesus College, Cambridge. In 2004 Ingrid was Head of Culture for the London Olympic Bid and between 2005 – 2011 has held several roles in the Department for Culture, Media and Sport including Head of Properties and Ceremonial Branch, Head of Heritage, and Head of Heritage and Architecture. Additionally, in 2011 she took up the role of Placemaking and Heritage Director with the National Trust.

    Lord Parkinson of Whitley Bay was educated at Emmanuel College, Cambridge, obtaining an MA in History. From 2021-2024 Stephen was Parliamentary Under-Secretary of State, Department for Culture, Media & Sport, and previously was Political Secretary to the Prime Minister and Special Adviser to the Home Secretary.

    Michael Bithell JP was educated at Magdalen College, Oxford, completing a MA in Engineering Science and post-graduate studies in Manufacture and Management at Cambridge University. Now retired, Michael was Group Finance Director of United Westminster and Grey Coat Foundation from 2015 to 2022. Previously, he worked for Deloitte LLP for 23 years, as Director, National Quality & Risk; and Director, Corporate Finance Government & Infrastructure. He has a number of voluntary and non-executive positions, including as a member of London Diocesan Synod, Finance Committee and Non-Property Investment Committee, as a Magistrate and an Honorary Steward of Westminster Abbey.

    Vivienne King was educated at Keele University obtaining a BSoc Sci in Law and Politics in 1983, subsequently completing a Legal Practice Course at the College of Law in 1985. In 2010 and 2012 she completed a Corporate Finance Programme with Cranfield University and in 2021 undertook Business Sustainability Management with the University of Cambridge Institute for Sustainability Leadership. After seven years as Real Estate Associate with Herbert Smith Freehills, Vivienne joined The Crown Estate in 1994 as a Senior Solicitor and was subsequently Director of Business Operations & General Counsel. She was CEO of the Soho Housing Association from 2016 to 2020, CEO of Revo and then Head of Real Estate Social Impact at The Good Economy. In March 2024 Vivienne founded Impactful Places, an independent sustainability consultancy.

    Timothy Goode has been the Canon for Congregational Discipleship and Nurture at York Minster since September 2023. Previously he was Rector of St Margaret’s Lee in South East London, and a member of General Synod and Archbishops’ Council. Tim is a member of the National Disability Task Group, which advises the Archbishops of Canterbury and York on disability issues and he led the first debate on disability at the General Synod in July 2022. Tim was a secondary school teacher at the Roehampton Institute and Director of Music of Homefield School from 1995-2007. He trained for ministry at Ripon College Cuddesdon and served his title at Croydon Minster, in the Diocese of Southwark and was ordained priest in 2010. From September 2012 to May 2018, he was Team Vicar of St Luke’s Whyteleafe and St Peter and St Paul, Chaldon, part of the Caterham Team ministry. From 2013 to 2021 he was additionally the Southwark Diocesan Disability Advisor. Tim was made an Honorary Canon of Southwark Cathedral in September 2020 and has been a trustee of the Churches Conservation Trust since November 2020. He has now been re-appointed in the role for a second term until October 2028.

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    Published 1 August 2025

    MIL OSI United Kingdom –

    August 5, 2025
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