Category: Finance

  • MIL-OSI: Climb Channel Solutions Expands Bluebeam Portfolio with SiteDocs to Drive Safety and Compliance Innovation

    Source: GlobeNewswire (MIL-OSI)

    EATONTOWN, N.J., July 16, 2025 (GLOBE NEWSWIRE) — Climb Channel Solutions, an international specialty technology distributor and wholly owned subsidiary of Climb Global Solutions, Inc. (NASDAQ: CLMB) today announced the addition of SiteDocs to its Bluebeam portfolio. This strategic addition underscores Climb’s commitment to delivering cutting-edge solutions that empower the architecture, engineering, and construction (AEC) industry to work smarter, safer, and more efficiently.

    “We’re thrilled to deepen Bluebeam’s strategic partnership with Climb Channel Solutions by introducing SiteDocs to their portfolio,” said Curt Bramel, Vice President of Global Channel Sales. “This expansion marks a significant milestone in our shared mission to deliver comprehensive, best in class solutions to the construction industry.”

    SiteDocs, a leading safety compliance platform acquired last year by Nemetschek Group through its acquisition of GoCanvas, brings powerful capabilities to the Climb Channel Solutions ecosystem. Designed specifically for the field, SiteDocs digitizes safety workflows, eliminates paperwork, and provides real-time jobsite visibility, making it a natural extension of Bluebeam’s collaborative document management tools.

    “With Climb’s proven channel expertise and deep roots in the AEC space, we’re uniquely positioned to scale SiteDocs’ reach and help more organizations streamline compliance, enhance safety outcomes, and digitize their field operations,” added James Taylor, CEO of GoCanvas.

    This strategic partnership significantly enhances Climb’s technology solution’s ecosystem, empowering contractors and field teams to raise the bar on safety standards and operational efficiency. By uniting SiteDocs’ real-time safety and compliance management with Bluebeam’s trusted tools for collaboration and document control, Climb now offers a uniquely integrated solution that bridges the gap between the office and the field.

    With growing regulatory demands and increased emphasis on workplace safety, this partnership positions, Climb, Bluebeam and SiteDocs at the forefront of innovation – delivering connected, future-ready solutions that redefine how construction teams work, collaborate and stay safe.

    “At Climb, we’re always looking for ways to bring more value to our partners and the industries they serve,” said Dale Foster, CEO of Climb. “Adding SiteDocs to our Bluebeam offerings is a game-changer. It’s not just about expanding our portfolio—it’s about empowering our resellers with tools that drive real impact, improve safety outcomes, and support digital innovation.”

    Those interested in distribution services and solutions should contact Climb by phone at +1.800.847.7078 (US), or +1.888.523.7777 (Canada), or by email at Sales@ClimbCS.com.

    About Climb Channel Solutions and Climb Global Solutions

    Climb Channel Solutions is a global specialty technology distributor focused on Security, Data Management, Connectivity, Storage & HCI, Virtualization & Cloud, and Software & Application Lifecycle. What sets Climb apart is our commitment to reimagining distribution through a data-driven approach that brings emerging technologies to market faster. We empower our partners with speed to market, flexible financing, real-time quoting, best-of-breed channel operations, and exceptional service—transforming how distribution supports growth and scalability. Climb Channel Solutions is a wholly owned subsidiary of Climb Global Solutions (NASDAQ: CLMB). Experience distribution reimagined and discover how our people-first approach helps VARs and MSPs grow, scale, and accelerate their business. Visit www.ClimbCS.com, call 1-800-847-7078, and connect with us on LinkedIn!

    For Media & PR inquiries contact:
    Climb Channel Solutions
    Media Relations
    media@ClimbCS.com

    Investor Relations Contact:
    Elevate IR
    Sean Mansouri, CFA
    T: 720-330-2829
    CLMB@elevate-ir.com

    About SiteDocs

    SiteDocs, a subsidiary brand of Bluebeam, has been helping companies transform their safety programs since 2012. By replacing paper-based processes with digital tools, SiteDocs empowers businesses of all sizes to streamline safety management, improve compliance, and protect their workforce.

    With a focus on simplicity, speed, and effectiveness, SiteDocs provides the essential tools teams need to maintain, manage, and enhance their safety efforts. From real-time documentation to customizable safety forms and mobile accessibility, SiteDocs makes it easy to keep every job site safer, more organized, and fully compliant.

    For Media & PR inquiries contact:
    SiteDocs

    Nicole Worley, External Communications Manager

    nworley@bluebeam.com

    The MIL Network

  • MIL-OSI: Bitcoin Solaris Enters Final Phase of Presale Ahead of July 31 Launch

    Source: GlobeNewswire (MIL-OSI)

    TALLINN, Estonia, July 16, 2025 (GLOBE NEWSWIRE) — Bitcoin Solaris (BTC-S), a hybrid blockchain project focused on scalability, mobile accessibility, and decentralization, has entered the final phase of its presale, with the official token launch scheduled for July 31, 2025. This marks a significant milestone for the project, which has rapidly gained attention for its technical architecture and energy-efficient mining approach.

    As of today, Bitcoin Solaris is in Phase 12 of its presale, with tokens available at $12, offering a 4% bonus for early adopters. The upcoming launch price is set at $20, creating strong interest from retail participants ahead of the final listing.

    Bitcoin Solaris: Built for Scalability, Speed, and Real-World Utility

    Bitcoin Solaris aims to revolutionize how we interact with blockchain technology in our daily lives, without the bottlenecks.

    • Dual-layer blockchain structure
    • Hybrid consensus combining PoW for security and DPoS for scalability
    • 10,000+ transactions per second with 2-second finality
    • Fully audited by Cyberscope and Freshcoins for security confidence

    When it comes to blockchain architecture, Bitcoin Solaris merges the old-school security of Bitcoin with the modern-day efficiency demanded by DeFi, gaming, and real-world applications. The project’s ongoing partnership with Solana ensures lightning-fast transaction speeds during its early growth, while its native chain continues to evolve.

    Why Bitcoin Solaris Is Exploding Right Now

    Bitcoin Solaris is not just hype. It is backed by a robust technical foundation and a clear roadmap. Beyond the headlines, there’s a practical reason people are flocking to this project: it is accessible and built for mass adoption.

    • Mobile mining through the upcoming Solaris Nova App makes BTC-S available to everyone.
    • Mining is as simple as downloading an app. No technical knowledge required.
    • 99.95% more energy efficient than Bitcoin, making it environmentally sustainable.

    Through the exciting release of the Solaris Nova App, BTC-S will put mining into the hands of everyday users globally. Whether you’re on an iPhone, Android, or desktop, mining BTC-S is as simple as pressing a button. More miners mean more network security, which means greater value for early adopters.

    If you want to understand why Bitcoin Solaris is gaining such traction, multiple influencers have broken it down in detail:

    All point to the same thing: Bitcoin Solaris is shaping up to be the smartest entry point for investors looking for that second shot at crypto wealth.

    The Presale Is Heating Up, And Nearly Over

    We are in Phase 12 of the presale, and things are moving fast:

    • Current Price: $12
    • Next Phase: $13
    • Bonus this round: 4%
    • Launch Price: $20
    • Potential return: 150%

    With only around 3 weeks remaining until the July 31, 2025 launch date, urgency is key. Bitcoin Solaris has already raised over $6.6M, with more than 14,150 unique users locking in their positions. This is shaping up to be one of the shortest and most explosive presales in recent crypto history.

    Wallets like Trust Wallet and Metamask are recommended for seamless token delivery after launch.

    If you missed the first crypto boom, this presale is structured to ensure you don’t miss the next.

    You can secure your place directly through the Bitcoin Solaris website.

    Advanced Technology Driving a Wealth-Building Future

    What sets BTC-S apart isn’t just hype. It is the tech. The hybrid consensus model gives you both security and speed, while the dual-layer system ensures scalability without congestion.

    • Base Layer (PoW): Security through proven blockchain methods
    • Solaris Layer (DPoS): 100,000 TPS with 2-second finality
    • Smart contracts built on Rust and Solana standards
    • Zero-Knowledge Proofs for privacy-focused users

    BTC-S is not merely theoretical. Its roadmap is precise and ambitious. You can view the detailed Bitcoin Solaris Roadmap for more insights.

    About Bitcoin Solaris

    Bitcoin Solaris is a decentralized blockchain platform built to enable scalable, secure, and energy-efficient applications. Its dual-consensus system and mobile-first approach are designed to bring blockchain utility to mainstream users while maintaining robust decentralization principles.

    For more information on Bitcoin Solaris:
    Website: https://www.bitcoinsolaris.com/
    Telegram: https://t.me/Bitcoinsolaris
    X: https://x.com/BitcoinSolaris

    Media Contact:
    Xander Levine
    press@bitcoinsolaris.com
    Press Kit: Available upon request

    Disclaimer: This content is provided by Bitcoin Solaris. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility. Globenewswire does not endorse any content on this page.

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

    Photos accompanying this announcement are available at:

    https://www.globenewswire.com/NewsRoom/AttachmentNg/f563e283-5f50-4dca-9e28-2fc3ce0967fe

    https://www.globenewswire.com/NewsRoom/AttachmentNg/d0119e70-5802-4954-ba22-95faf579444c

    https://www.globenewswire.com/NewsRoom/AttachmentNg/2c8e4e5c-19b2-4f52-ba98-8e9743a02893

    https://www.globenewswire.com/NewsRoom/AttachmentNg/45dc316d-777c-46f5-998f-03072b12533b

    The MIL Network

  • MIL-OSI United Kingdom: Town Hall restoration work set to get underway

    Source: City of Oxford

    Oxford City Council is pleased to announce a significant step forward in the restoration of one of the city’s most iconic landmarks.

    The historic Town Hall is set to undergo essential cleaning and stone repair works to preserve and enhance its impressive façade. 

    Following detailed planning and behind-the-scenes progress, the Council has now appointed PAYE Stonework & Restoration Ltd as the principal contractor to carry out the work. Recognised for their expertise in heritage restoration and holding a Royal Warrant, PAYE brings a wealth of experience from high-profile conservation projects across the UK. Work on site is due to begin later this year. 

    The restoration, guided by heritage specialists Jessop and Cook Architects, will focus on cleaning the stonework—an essential first step that will enable thorough assessment and repair of structural and surface condition issues. The project is scheduled for completion by spring 2026. 

    Comment

    “Oxford Town Hall is a landmark building, a valued community space and a source of great pride. This restoration project will help ensure that its historical and architectural legacy is safeguarded for future generations and will maintain it at the heart of our community.”
    Councillor Ed Turner, Deputy Leader and Cabinet Member for Finance and Asset Management

    The historic Town Hall is set to undergo essential cleaning and stone repair works to preserve and enhance its impressive façade. 

    Following detailed planning and behind-the-scenes progress, the Council has now appointed PAYE Stonework & Restoration Ltd as the principal contractor to carry out the work. Recognised for their expertise in heritage restoration and holding a Royal Warrant, PAYE brings a wealth of experience from high-profile conservation projects across the UK. Work on site is due to begin later this year. 

    The restoration, guided by heritage specialists Jessop and Cook Architects, will focus on cleaning the stonework—an essential first step that will enable thorough assessment and repair of structural and surface condition issues. The project is scheduled for completion by spring 2026. 

    The Town Hall serves a wide range of functions: it is home to Oxford City Council’s municipal offices, houses the Museum of Oxford, and hosts concerts, weddings, and civic events throughout the year, bringing a substantial income stream to support frontline services. Its neo-Jacobean architecture and storied past, dating back to its opening by the then Prince of Wales, make it a cherished fixture in the city’s urban fabric. 

    This restoration will not only improve the building’s appearance but will also extend its lifespan, ensuring it remains a cornerstone of Oxford’s heritage and civic life and that income from hiring out its rooms can continue to support frontline services. 

    For more information about the project and the history of Oxford Town Hall, visit: www.oxfordtownhall.co.uk 

    MIL OSI United Kingdom

  • MIL-OSI Europe: Press release – Cohesion funding: deal on mid-term update responding to new challenges

    Source: European Parliament

    Parliament and Council teams have reached an agreement on new priorities for and modifications to the current cycle of EU cohesion funding.

    Negotiators from Parliament and the Danish Council Presidency have agreed provisionally on a mid-term update to the EU’s current cycle of cohesion policy funding, which aims to reduce regional inequalities through the European Regional Development Fund, the Cohesion Fund and the Just Transition Fund.

    The changes will offer member states and regions more flexibility to channel funds into new objectives, namely defence industrial capabilities and military mobility, water resilience, affordable housing, decarbonisation, strategic technologies, and energy infrastructure. The reform also allows for extra support for EU regions bordering Russia, Belarus and Ukraine, highlighting their special needs in a tense geopolitical environment.

    To inject liquidity quickly into the new priorities, it was agreed that this spending can benefit from i.a. co-financing rates 10 percentage points higher than normal and of 20% one-off pre-financing for amounts re-allocated in 2026.


    Investment in civil preparedness and dual-use infrastructure

    MEPs secured several adjustments to the new priorities. According to the agreement, civil preparedness investments will be eligible for support, and dual-use infrastructure (suitable for both civilian and military use) will be prioritised when funding the defence industry and military mobility. When it comes to affordable housing, sustainability of the housing stock will be taken into account, and water resilience priorities will be aligned with the European water resilience strategy, including investments in irrigation and desalination.

    To ensure that cohesion policy maintains its focus on small and medium-sized enterprises and less favoured regions, it was agreed that the strategic technology investments of large companies can only be supported in EU areas with lower-than-average gross domestic product per capita.

    The agreement also includes language on rule of law conditionality, ensuring that funds frozen because of breaches of EU values cannot be reallocated to the new priorities.


    Quote

    After the vote, rapporteur and Committee Chair Dragoș Benea (S&D, Romania) said: “We currently face several uncertainties, and this reform is part of our European response, strengthening our industrial base, technology sector, and sustainable and affordable housing stock. It will also help regions manage their water resources, preventing and responding to floods and droughts, and continue the process of decarbonisation. Today’s agreement ensures that while we adjust cohesion policy to meet the challenges of the moment, it also remains a cornerstone of European integration and solidarity, bridging differences and delivering for all citizens – no matter which region they live in.”


    Background

    In parallel, the Employment and Social Affairs Committee is discussing similar proposals in the context of the European Social Fund +.

    MIL OSI Europe News

  • MIL-OSI Europe: Netherlands: EIB, Rabobank, and DLL partner to provide €1 billion for European SMEs with a focus on sustainability and agriculture

    Source: European Investment Bank

    EIB

    • The European Investment Bank signs two €250 million loan facilities with Rabobank and its subsidiary DLL, aimed at supporting access to finance for European companies.
    • The Rabobank facility targets SMEs and mid-caps in the Netherlands committed to investing in the energy transition and enhancing their organizational sustainability.
    • The DLL facility provides access to finance, in multiple EU countries, to SMEs and mid-caps focused on climate action and sustainability, with an emphasis on circularity, food, and energy transitions.

    Rabobank, DLL, and the European Investment Bank are partnering to increase access to finance for SMEs and mid-caps with a particular emphasis on sustainability and bioeconomy sectors, including agriculture.

    Rabobank will borrow €250 million from the EIB and match this amount with its own funds, making €500 million available to support small-scale projects undertaken by Dutch SMEs and mid-caps, with a focus on sustainability and agriculture. Specifically, at least 40% of investments are earmarked for climate-relevant investments, and at least 40% of the available funding will be directed towards bioeconomy sectors, including agriculture.

    DLL has secured an additional €250 million, which it will also match with its own funds, aiming to improve access to finance for SMEs and mid-caps across the EU. The focus will be on France, Germany, Italy, Spain, Belgium, Sweden, Poland, Ireland, and the Netherlands, targeting investments in sustainability by local companies.

    In total, the combined EIB loans as well as Rabobank and DLL’s matching funds will make €1 billion in new funding available for SMEs and mid-caps, with a particular focus on financing climate-relevant and agricultural projects.

    “It is important to understand that climate financing is a key driver of economic growth,” states EIB Vice President Robert de Groot. “We have to look at the bigger picture, which is that climate change is disrupting business and economic behaviours. We have a long track-record with Rabobank and DLL in terms of climate relevant financing, and hope that this facility can convince other financiers to make available more support for entrepreneurs developing more sustainable projects.”

    Carlo van Kemenade, Director Retail NL and Member of the Managing Board of Rabobank: “We are proud to build on the successful partnership with the EIB and the new launch of impact loans. Sustainability is an important pillar of Rabobank’s strategy. Clients are also very positive about this impact loan. The interest rate discount is both a reward for the impact they have as a leader in sustainability and an encouragement to continue on the path we have set with our clients.”

    “As a transition partner for a better world, DLL believes that sustainability is fundamental to long-term business success,” says Lara Yocarini, Member of the Managing Board, Rabobank, and CEO and Chair of the Executive Board of DLL. “The attractive funding from the European Investment Bank will enhance our ability to provide more accessible, affordable, and tailored leasing solutions, ultimately reducing barriers for our partners and customers to invest in more sustainable equipment and technology.”

    Background information:

    The European Investment Bank (EIB) is the long-term lending institution of the European Union, owned by its Member States. It makes long-term finance available for sound investment in order to contribute towards EU policy goals. Over the last ten years, the EIB has made available more than €27 billion in financing for Dutch projects in various sectors, including research & development, transport, drinking water, healthcare, and SMEs.

    The EIB is the European Union’s bank; the only bank owned by and representing the interests of the European Union Member States, The Netherlands owns a 5,2% share of the EIB. It works closely with other EU institutions to implement EU policy and is the world’s largest multilateral borrower and lender. The EIB provides finance and expertise for sustainable investment projects that contribute to EU policy objectives. More than 90% of its activity is in Europe.

    About Rabobank

    Rabobank is an international financial services provider operating on the basis of cooperative principles. It offers retail banking, wholesale banking, private banking, leasing, and real estate services. As a cooperative bank, Rabobank puts customers’ interests first in its services. Rabobank is committed to being a leading customer-focused cooperative bank in the Netherlands and a leading food and agri bank worldwide. Rabobank employed 49,000 FTE per 31 December 2024. Rabobank Group is active in 37 countries.

    About DLL

    DLL is a global asset finance company for equipment and technology with a managed portfolio of more than EUR 47 billion. Founded in 1969 and headquartered in Eindhoven, the Netherlands, DLL provides financial solutions within the Agriculture, Construction, Energy Transition, Food, Healthcare, Industrial, Technology, Transportation, and Workplace industries in more than 25 countries. The company partners with equipment manufacturers, dealers, and distributors to enable easier access to equipment, technology, and software, to support business growth.

    DLL is committed to a more sustainable future for the environment and the communities in which it operates. Combining customer focus and industry knowledge, DLL provides financial solutions for the complete asset life cycle, including commercial finance, retail finance and used equipment finance. DLL is a wholly owned subsidiary of Rabobank Group.

    MIL OSI Europe News

  • MIL-OSI United Kingdom: Aurora Antrim and Jane Hurst have been reappointed to The Royal Parks, and Bronwyn Hill’s second term extended.

    Source: United Kingdom – Executive Government & Departments

    News story

    Aurora Antrim and Jane Hurst have been reappointed to The Royal Parks, and Bronwyn Hill’s second term extended.

    The Secretary of State has reappointed Aurora Antrim and Jane Hurst as Trustees of The Royal Parks and has extended Bronwyn Hill’s second term as Trustee.

    Aurora Antrim

    Reappointed for a 4 year term commencing 14 August 2025 to 13 August 2029.

    Aurora Antrim is an award-winning arts documentary filmmaker who, as Aurora Gunn, spent many years working on The South Bank Show for ITV and Sky making films on subjects ranging from Shakespeare to Tracey Emin to Herbie Hancock.

    Aurora has over 20 years’ experience managing an historic landscape, with a focus on income diversification and sustainability, while overseeing the running of the Glenarm Castle estate in Northern Ireland. Her horticultural experience includes the complete restoration and replanting of an historic walled garden which won, by public vote, the Historic Houses Garden of the Year Award in 2023.

    This is Aurora’s second term on the Board of The Royal Parks where she serves on the HR Committee. She also sits on The Regent’s Park Store Yard Programme Board, responsible for the creation of a brand new garden in The Regent’s Park due to open in 2026.

    Jane Hurst 

    Reappointed for a 4 year term commencing 14 August 2025 to 13 August 2029.

    Jane is a Chartered Accountant and currently CFO of a health tech business. Prior to this she was a partner in KPMG UK with 20 years’ experience of complex restructuring, performance improvement and turnaround. She has worked in a wide range of businesses- from the very large and global to the very small. She has also supported multiple public sector entities undergoing change. 

    Jane has been a trustee at the Royal Parks for four years, she chairs the Audit and Risk Committee and is a member of the Investment Committee.

    Bronwyn Hill CBE

    Second term extended for 9 months from 15 June 2025 to 14 March 2026.

    As Permanent Secretary at the Department for Environment, Food and Rural Affairs from 2011 to 2015, Bronwyn led a complex organisation through transformational change and a series of crises, including the 2012-13 flooding. A CBE for transport services was in recognition of her contribution to national transport strategy, major projects and transport in London. 

    Her interest in the environment and the importance of green spaces for people led to her joining The Royal Parks Board. Bronwyn contributed to its transformation into a successful charity, and on projects like Greenwich Park Revealed which has restored the historic landscape, created a new education space and welcomes more people to events and activities in the park.

    Remuneration and Governance Code

    Trustees of The Royal Parks are not remunerated. This appointment has been made in accordance with the Cabinet Office’s Governance Code on Public Appointments.

    The appointments process is regulated by the Commissioner for Public Appointments. Under the Code, any significant political activity undertaken by an appointee in the last five years must be declared. This is defined as including holding office, public speaking, making a recordable donation, or candidature for election. Aurora Antrim, Bronwyn Hill and Jane Hurst have not declared any significant political activity.

    Updates to this page

    Published 16 July 2025

    MIL OSI United Kingdom

  • MIL-OSI: Bitget COO Tours UCLA, Harvard and LALIGA Business School, Accelerating Blockchain Education

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, July 16, 2025 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, is making bold strides in the academic space, blending blockchain education with real-world brand strategy. On a recent multi-campus tour, Bitget COO Vugar Usi Zade visited LALIGA Business School, UCLA, and Harvard, where he shared how Bitget’s global partnerships and Web3 initiatives are rewriting the playbook for the future of finance, sponsorship, and digital culture.

    Vugar Usi Zade, Bitget COO speaking at LALIGA Business School

    At LALIGA Business School, Vugar delivered a dedicated MBA session on “The Business of Entertainment and Sponsorships as Growth Tools,” using Bitget’s high-profile collaborations with Juventus and Lionel Messi as a blueprint for strategic scaling. The case study examined how such partnerships drive awareness, increase user acquisition, and deepen market trust across diverse regions. A key highlight was Bitget’s multi-year partnership with LALIGA, which was examined as a model for upper-funnel activation and regional engagement.

    Students analyzed Bitget’s stadium-level branding efforts, VIP and KOL-led activations, and the broader impact of experiential campaigns, such as watch parties featuring LALIGA footballers, helping localize the Bitget brand while expanding its global footprint. The class also discussed Bitget’s recent campaign with Raphinha, FC Barcelona winger, showcasing how player-focused storytelling can reinforce brand positioning across football’s passionate fan base.

    “The Bitget x LALIGA collaboration is more than a sponsorship—it’s a long-term partnership built on shared values and global vision,” said Vugar Usi Zade, COO of Bitget. “From stadiums to classrooms, we’re committed to bringing the excitement of Spanish football and the promise of blockchain technology to audiences worldwide. Our collaboration with LALIGA Business School reflects that ambition in educating the next generation of business leaders while placing Bitget at the intersection of sport, finance, and innovation.”

    Bitget’s Blockchain4Youth initiative, a $10 million global program designed to educate and empower young talent in the Web3 space, has already partnered with over 70 universities worldwide, including LALIGA Business School. Through this collaboration, MBA students gain priority access to the Bitget Builders Program, a structured graduate track that includes a COO apprenticeship, international mentorship, and real-world experience across Bitget’s business verticals.

    As part of its academic outreach, Bitget brought Web3 to the classroom, delving into tokenomics with students at UCLA’s Department of Economics and taking center stage at the Harvard Blockchain Conference, where the company was featured as a case study in next-generation crypto innovation.

    Whether breaking down blockchain basics or reimagining sports sponsorships in the digital age, Bitget’s campus tour reflects a growing push to connect with future talent, spark curiosity, and bridge the gap between academic theory and real-world Web3 impact.

    About Bitget

    Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 120 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin priceEthereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a leading non-custodial crypto wallet supporting 130+ blockchains and millions of tokens. It offers multi-chain trading, staking, payments, and direct access to 20,000+ DApps, with advanced swaps and market insights built into a single platform.

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

    Aligned with its global impact strategy, Bitget has joined hands with UNICEF to support blockchain education for 1.1 million people by 2027. In the world of motorsports, Bitget is the exclusive cryptocurrency exchange partner of MotoGP™, one of the world’s most thrilling championships.

    For more information, visit: WebsiteTwitterTelegramLinkedInDiscordBitget Wallet
    For media inquiries, please contact: media@bitget.com

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

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/db591935-1bbf-4ef5-929c-fb8c22e16132

    https://www.globenewswire.com/NewsRoom/AttachmentNg/085a7fc1-4f14-4a79-b5d8-d7e0064f5baa

    The MIL Network

  • MIL-OSI Submissions: Energy Sector – Equinor’s second quarter 2025 safety results

    Source: Equinor

    16 JULY 2025 – Equinor’s long-term positive safety trend is reinforced through the second quarter of 2025. The total number of serious incidents and personal injuries per million hours worked is at the lowest level the company has ever experienced at the end of the second quarter.

    At the end of the second quarter of 2025, the serious incident frequency per million hours worked (SIF) was 0.27*, an improvement from the first quarter of 2025. Serious personal injuries are also included in the serious incident statistics.

    “Systematic and long-term cooperation has been the key to our efforts over time to improve overall safety results through prevention of major accidents and serious personal injuries. Safety results are created and achieved on a daily basis. We have also experienced incidents that we need to learn from. Our cooperation with our suppliers, our employees and employee representatives is important to ensure that we can maintain this trend,” says Jannicke Nilsson, executive vice president for safety, security and sustainability.

    As of the second quarter, the frequency of personal injuries per million hours worked (TRIF) is 2.2 for the last 12 months, the same level as in the first quarter 2025.

    Five oil and gas leaks were recorded over the last 12 months, the same level as in the first quarter. These leaks are classified according to the degree of severity in relation to the discharge rate.

    There have been no incidents with major accident potential or serious well control incidents in the second quarter.

    Preventive work

    Through the “Always Safe” annual wheel, Equinor is working with other operating companies and suppliers to enhance understanding of factors that get in the way of safe work. Working safely at heights is the topic for the “Always Safe” learning package for the third quarter. This builds on preventing personal injuries, which was the topic for the second quarter.

    Investigating working conditions at Hammerfest LNG

    During the second quarter, we opened two internal investigations at Hammerfest LNG. The first is linked to a falling accident in April and will also include associated reports regarding the culture of safety and working environment. The second is an investigation of exposure incidents in the L201 area in the summer of 2024, 9 April and 13 June 2025, where personnel reported symptoms of unknown origin. The Norwegian Ocean Industry Authority is also investigating these incidents.

    * As of the first quarter of 2025, SIF is being reported with two decimals to better reflect minor changes in the frequency.

    MIL OSI – Submitted News

  • MIL-OSI Security: Allies agree NATO’s 2026-2030 Common Funding Resource Plan

    Source: NATO

    On Wednesday 16 July, the North Atlantic Council approved the 2026-2030 Common Funding Resource Plan. This newest Resource Plan gives an overview of the resource demands over the next five years and allocates the necessary common funds to reflect NATO’s increased level of ambition. In approving this Resource Plan, the Council agreed the 2026 ceilings for the common‑funded Military and Civil Budgets, as well as for NATO’s Security Investment Programme, allocating in total EUR 5.3 billion.

    NATO common funding contributes to strengthening NATO’s deterrence and defence, providing core military capabilities, fulfilling responsibilities in Alliance operations and missions, and enabling NATO’s consultation and command and control processes. It also provides resources for priority activities in support of Ukraine, such as for the NATO Security Assistance and Training to Ukraine and the NATO Ukraine Joint Analysis, Training and Education Centre. 

    MIL Security OSI

  • MIL-OSI: Global Net Lease Announces Release Date for Second Quarter 2025 Results

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, July 16, 2025 (GLOBE NEWSWIRE) — Global Net Lease, Inc. (NYSE: GNL) (“GNL” or the “Company”) announced today that it will release its financial results for the second quarter ended June 30, 2025 on Wednesday, August 6, 2025 after the close of trading on the New York Stock Exchange.

    The Company will host a conference call and audio webcast on Thursday, August 7, 2025, beginning at 11:00 a.m. ET, to discuss the second quarter results and provide commentary on business performance. The results will be released before the call which will be conducted by GNL’s management team. A question-and-answer session will follow the prepared remarks.

    Dial-in instructions for the conference call and the replay are outlined below. This conference call will also be broadcast live over the Internet and can be accessed by all interested parties through the GNL website, www.globalnetlease.com, in the “Investor Relations” section. To listen to the live call, please go to the “Investor Relations” section of the Company’s website at least 15 minutes prior to the start of the call to register and download any necessary audio software. For those who are not able to listen to the live broadcast, a replay will be available shortly after the call on the GNL website.

    Conference Call Details

    Live Call
    Dial-In (Toll Free): 1-833-816-1441
    International Dial-In: 1-412-317-0533

    Conference Replay*
    Domestic Dial-In (Toll Free): 1-844-512-2921
    International Dial-In: 1-412-317-6671
    Conference Replay Number: 10201018

    *Available from 2:00 p.m. ET on August 7, 2025 through November 7, 2025.

    About Global Net Lease, Inc.

    Global Net Lease, Inc. is a publicly traded real estate investment trust listed on the NYSE, which focuses on acquiring and managing a global portfolio of income producing net lease assets across the United States, United Kingdom, and Western and Northern Europe. Additional information about GNL can be found on its website at www.globalnetlease.com.

    Important Notice

    The statements in this press release that are not historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve risks and uncertainties that could cause the outcome to be materially different. The words such as “may,” “will,” “seeks,” “anticipates,” “believes,” “expects,” “estimates,” “projects,” “potential,” “predicts,” “plans,” “intends,” “would,” “could,” “should” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. These forward-looking statements are subject to a number of risks, uncertainties and other factors, many of which are outside of the Company’s control, which could cause actual results to differ materially from the results contemplated by the forward-looking statements. These risks and uncertainties include the risks that any potential future acquisition or disposition by the Company is subject to market conditions, capital availability and timing considerations and may not be identified or completed on favorable terms, or at all. Some of the risks and uncertainties, although not all risks and uncertainties, that could cause the Company’s actual results to differ materially from those presented in the Company’s forward-looking statements are set forth in the “Risk Factors” and “Quantitative and Qualitative Disclosures about Market Risk” sections in the Company’s Annual Report on Form 10-K, its Quarterly Reports on Form 10-Q, and all of its other filings with the U.S. Securities and Exchange Commission, as such risks, uncertainties and other important factors may be updated from time to time in the Company’s subsequent reports. Further, forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update or revise any forward-looking statement to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time, unless required by law.

    Contacts:
    Investor Relations
    Email: investorrelations@globalnetlease.com
    Phone: (332) 265-2020

    The MIL Network

  • MIL-OSI: Bitget Rolls Out Web3 Young Learners’ Encyclopedia to Schools, Libraries, and Beyond

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, July 16, 2025 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, has announced the release of Web3 Young Learners’ Encyclopedia, marking a key milestone in its #Blockchain4Youth global education initiative. The print edition will be distributed across schools, libraries, and community centers to promote blockchain literacy among young learners, while the digital version will be available through CoinGecko, the leading independent crypto data aggregator.

    Structured as an A-to-Z guide, the encyclopedia introduces young readers to the world of blockchain through easy-to-understand terms, think “A is for Altcoin” and “Z is for Zero-Knowledge Proofs.” Each letter features clear definitions and playful illustrations that break down complex ideas into bite-sized, beginner-friendly explanations. It’s a fun, approachable way to spark curiosity about digital finance and help kids grasp the building blocks of Web3 from an early age.

    “To me, education remains the most effective entry point to the future of blockchain,” said Gracy Chen, CEO of Bitget. “The encyclopedia is designed to bridge the knowledge gap by meeting young learners where they are with clear language and relevant examples, in a format that makes blockchain approachable.”

    The development of the encyclopedia was undertaken in collaboration with Cryptita Plays, a nonprofit initiative dedicated to empowering youth through blockchain education and outreach programs. Drawing from its experience working directly with students and educators in underserved communities, Cryptita Plays provided valuable on-the-ground insights that helped shape the content and approach of the encyclopedia. This partnership reinforces the shared goal of both organizations—to make blockchain education more approachable, inclusive, and impactful for young learners worldwide.

    “Our aim has always been to make blockchain meaningful to the next generation—not as a distant concept, but as something they can see, touch, and understand,” said Arshelene Lingao, founder of Cryptita Plays. “This encyclopedia is a tool to help bring those ideas to life and beyond the classroom.”

    The print rollout will commence in areas where internet access is limited or inconsistent, allowing for offline education in underserved regions. The printed edition complements the online version of the encyclopedia, which remains accessible to learners worldwide, encouraging learning and multilingual adaptation. The online encyclopedia can be found here. To extend its reach, the digital edition will also be hosted on CoinGecko, making the encyclopedia more accessible to young learners, educators, and blockchain newcomers globally. CoinGecko users can redeem the encyclopedia through the Candy Rewards program using Candies earned from daily check-ins. View the CoinGecko page here.

    “Blockchain is often framed as the future, but its impact already shapes lives today. The goal is to ensure young people, regardless of geography or background, have the tools to participate in that future,” said Vugar Usi Zade, COO of Bitget. “This encyclopedia is one way of turning abstract concepts into real plans. It’s a small start, but an important one.”

    The encyclopedia is part of Bitget’s broader Blockchain4Youth initiative, a global education effort aimed at equipping the next generation with foundational knowledge of blockchain and digital assets. Designed to be both accessible and engaging, the initiative delivers learning resources through physical publications like the encyclopedia, as well as digital content and in-person programming. By introducing key Web3 concepts in formats that are age-appropriate and widely accessible, Blockchain4Youth aims to make blockchain literacy a practical reality for students worldwide, particularly in regions where access to emerging technology education is limited.

    To learn more about the encyclopedia, visit here.

    About Bitget

    Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 120 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a leading non-custodial crypto wallet supporting 130+ blockchains and millions of tokens. It offers multi-chain trading, staking, payments, and direct access to 20,000+ DApps, with advanced swaps and market insights built into a single platform. Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist), and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.

    For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet
    For media inquiries, please contact: media@bitget.com

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

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/87f81256-cc72-4690-b851-d57be60236ac

    The MIL Network

  • MIL-OSI Canada: PS Turnbull to Make a Forestry Announcement

    Source: Government of Canada News

    WHITBY — Ryan Turnbull, Parliamentary Secretary to the Minister of Finance and National Revenue and to the Secretary of State (Canada Revenue Agency and Financial Institutions), will make a forestry announcement on behalf of the Honourable Tim Hodgson, Canada’s Minister of Energy and Natural Resources. Media availability will follow. 

    Date: July 17, 2025

    Time: 1 p.m. ET  

    All accredited media are asked to pre-register by emailing media@nrcan-rncan.gc.ca. Details on how to participate will be provided upon registration.

    MIL OSI Canada News

  • MIL-OSI Asia-Pac: CS visits Heilongjiang

    Source: Hong Kong Information Services

    Chief Secretary Chan Kwok-ki met local officials and attended activities relating to the Strive & Rise Programme during a visit to Harbin, Heilongjiang, yesterday and today.

    Yesterday, Mr Chan met CPC Heilongjiang Provincial Committee Secretary Xu Qin to exchange views on deepening co-operation between Hong Kong and Heilongjiang.

    Highlighting that the two places entered into various pacts at the Heilongjiang-Hong Kong Investment Cooperation Conference, held in Hong Kong in March, Mr Chan said Hong Kong-Heilongjiang exchanges have reached an unprecedented level.

    Stressing that Hong Kong possesses unique advantages under “one country, two systems” and offers a favourable business environment, Mr Chan said he eagerly looks forward to Hong Kong-Heilongjiang ties making greater contributions to the country.

    Afterwards, Mr Chan attended the launch ceremony of the Hong Kong Patriotic Education Heilongjiang Study Tour, which is part of the Strive & Rise Programme. He encouraged participants to make the most of the study tour to deepen their understanding of the country and to use it to help them set goals for the future.

    This morning, the Chief Secretary and members of the study tour visited the Exhibition Hall of Evidences of Crime Committed by Unit 731 of the Japanese Imperial Army. He expressed hope that the youths, through learning about the unit’s crimes, would gain a fuller understanding of the hardships encountered in the country’s development and build a firmer patriotic sentiment.

    This afternoon, Mr Chan met CPC Harbin Municipal Committee Secretary Yu Hongtao to exchange views on strengthening co-operation between Hong Kong and Harbin.

    Highlighting that Harbin has been one of the Mainland cities included in the Individual Visit Scheme since last May, and that direct flights between Hong Kong and Harbin have been launched, the Chief Secretary said he hopes the two cities can work together to develop more co-operation opportunities. He added that he anticipates more young people from Hong Kong will visit Harbin, thereby enhancing their sense of national identity and pride.

    Mr Chan returned to Hong Kong this afternoon.

    MIL OSI Asia Pacific News

  • MIL-OSI Europe: World gathers to finance sustainable development of the future

    Source: Government of Sweden

    On 30 June – 3 July, the UN’s 4th International Conference on Financing for Development is taking place in Seville. Sweden is participating with a broad delegation headed by State Secretary Diana Janse. The aim of the Conference is to agree on a new global framework for how sustainable development will be financed – the so-called Sevilla Commitment. The Conference is an important opportunity to strengthen the implementation of Agenda 2030 and the Sustainable Development Goals, and to demonstrate that the countries of the world are able to address global challenges together through cooperation, despite a difficult geopolitical context.

    MIL OSI Europe News

  • MIL-OSI: HTX Rolls Out Multi-Layered Incentives to Welcome Users Into the Next Frontier in the Golden Age of Stablecoins

    Source: GlobeNewswire (MIL-OSI)

    PANAMA CITY, July 16, 2025 (GLOBE NEWSWIRE) — HTX, a leading global cryptocurrency exchange is launching a series of stablecoin-focused campaigns to accelerate user onboarding and expand stablecoin adoption across its platform, positioning itself at the forefront of a structural evolution in the crypto economy. This move comes as global financial institutions like Mastercard and Morgan Stanley rapidly enter the stablecoin market, following the implementation of Hong Kong’s Stablecoins Bill and the U.S. GENIUS Act. These initiatives aim to leverage favorable global regulatory trends and offer a comprehensive range of rewards, from airdrops to trading bonuses.

    Campaign 1: New Users Exclusive — Draw up to 200 USDT Instantly after Signup

    From July 7, 16:00 to July 24, 15:59 (UTC), new users who register on HTX will receive a free lucky draw chance to win up to 200 USDT. Completing additional tasks, such as initial deposit, spot trade, or futures trade, can unlock further rewards for each new user, totaling up to 700 USDT. Daily spot and futures trading challenges provide even more bonuses. Moreover, completing the exclusive limited-time challenges can net up to 600 USDT.

    *Event details: https://www.htx.com/en-us/welfare/

    Campaign 2: Refer Friends and Share a $100,000 Stablecoin Prize Pool

    Between July 9, 10:00 and July 20, 10:00 (UTC), invite friends to register and trade on HTX, both inviters and their invitees will earn rewards in USD1, USDC, USDT, and more. The more friends you refer, the more you can earn! Upon successful signup and login by your invitee, you’ll receive a Mystery Box worth up to 20 USDT. If your invitee reaches a qualifying trading volume, you’ll snap three additional Mystery Boxes, and your friend will unlock two more. Each box contains rewards worth up to 1,500 USDT. Additionally, you can earn up to a 20% boost on your referral bonus by inviting a certain number of valid invitees, i.e. new users who sign up on HTX using your referral link and reach a cumulative trading volume of ≥10 USDT on designated USD1, USDT, USDC pairs during the event. Each inviter can get up to 600 USDT from the $50,000 prize pool.

    *Event details: https://www.htx.com/support/25006291608056

    Campaign 3: Trade Spot USD Stablecoins and Share $100,000 in Rewards

    From July 10, 10:00 to July 24, 10:00 (UTC), trade eligible stablecoin pairs including BTC/USD1, ETH/USD1, and BTC/USDT to claim your share of a $100,000 prize pool. New users completing trading tasks can win up to 5,000 USDT in token airdrops and Cashback Vouchers. Deposit USD1 to HTX from external wallets and split a $5,000 reward pool based on net deposit volume. In addition, trade specified stablecoin pairs and join the leaderboard for a chance to win up to 12,000 USDT. There is a noteworthy chance to win a Xiaomi YU7 SUV by joining the team trading contest.

    *Event details: https://www.htx.com/support/75006190718889

    As global stablecoin regulations begin to crystallize, these assets are becoming the primary bridge between traditional finance and the decentralized future. HTX is aligning with this macro trend by launching a diversified suite of user incentives designed to lower the entry barrier and enhance capital efficiency across its stablecoin ecosystem.

    Looking ahead, HTX remains committed to compliance-driven innovation and product development. By offering a secure, seamless, and regulated trading environment, the platform aims to empower more users to unlock the full potential of decentralized finance.

    About HTX

    Founded in 2013, HTX has evolved from a virtual asset exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, research, investments, incubation, and other businesses.

    As a world-leading gateway to Web3, HTX harbors global capabilities that enable it to provide users with safe and reliable services. Adhering to the growth strategy of “Global Expansion, Thriving Ecosystem, Wealth Effect, Security & Compliance,” HTX is dedicated to providing quality services and values to virtual asset enthusiasts worldwide.

    To learn more about HTX, please visit HTX Square or https://www.htx.com/, and follow HTX on X, Telegram, and Discord. For further inquiries, please contact glo-media@htx-inc.com.

    Disclaimer: This content is provided by HTX. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice.Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed.Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility. Globenewswire does not endorse any content on this page.

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

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/153a3609-b8ef-4dae-97f9-070912172f1b

    The MIL Network

  • MIL-OSI Africa: What’s Next for African Upstream? African Energy Week (AEW) 2025 to Explore 2026 Market Trends

    Source: APO – Report:

    .

    With Africa’s upstream capital expenditure expected to reach $54 billion by 2030, the continent is gearing up for significant growth. A rise in frontier drilling, untapped resources in proven petroleum plays in tandem with growing global demand for sustainable fuels is expected to drive spending, with African licensing rounds further supporting investments. Amid this growth, key challenges come to the fore, including access to financing and maximizing output at mature fields. As such, the question remains: what’s next for African upstream?

    This year’s African Energy Week (AEW): Invest in African Energies conference – taking place September 29 to October 3 in Cape Town – will feature a series of presentations and panel discussions tackling this very question. A panel discussion on Frontier Plays Within Africa’s Mature Basins will examine strategies for unlocking additional reserves at mature assets. Speakers include Katrina Fisher, Managing Director at ExxonMobil Angola; Layi Fatona, Chairman of the Board, Renaissance Africa Energy Company; and Osayande Igiehon, Managing Director and CEO, Heirs Energies. As operators focus on perseverance and value creation from late-life assets, the session will explore the benefits of repurposing mature fields to meet anticipated energy demand.

    Ahead of the panel discussion, Dan Pratt, Head of Upstream Solutions at global energy and commodities information provider S&P Global Commodity Insights, will deliver a presentation on What’s Next for African Upstream in 2026. The presentation will unpack key challenges and opportunities across the continent’s upstream market. Additionally, Tony Attah, Managing Director and CEO of Renaissance Africa Energy Company, will participate in a Fireside Chat, delving into ongoing projects and future investment strategies.

    In 2026, Africa’s upstream sector is set to receive a major boost, with investments by companies such as ExxonMobil set to unlock new reserves as mature fields. In Angola, the company targets greater production at legacy assets, leveraging policies such as the Incremental Production Initiative to bolster output. In June 2025, the company signed a production sharing contract extension for Block 17 offshore Angola. The extension enables the ongoing use of existing infrastructure and technical expertise to maximize value from the mature field. This follows a discovery made by ExxonMobil in 2024 at the Likember-01 research well. The first find under the country’s Incremental Production Initiative, the discovery showcases the potential for greater production.  

    Meanwhile, Renaissance Africa Energy Company – a consortium of independent oil and gas companies – is also positioning itself at the forefront of Africa’s upstream sector. The company is investing $15 billion across 32 oil and gas projects over the next five years, aiming to establish itself as a prominent player in Nigeria’s Niger Delta region. This follows the $1.3 billion acquisition of Shell Petroleum Development Company of Nigeria, affirming the company’s role in the country’s upstream sector. For Heirs Energies, investing in both producing and exploration assets is a top priority. As operator of OML 17 in Nigeria, the company has doubled production from 25,000 barrels per day (bpd) to 50,000 bpd since the block’s acquisition from Shell in 2021. Looking ahead, the company strives to replicate this success in other markets and is eyeing new investment opportunities in the Republic of Congo – one of Africa’s biggest oil producers.   

    The AEW: Invest in African Energies 2025 panel discussions and presentations will explore the impact these investments will have on Africa’s upstream sector. Insights into anticipated drilling campaigns, upcoming projects and challenges will be shared, providing a comprehensive overview of the continent’s upstream market. 

    – on behalf of African Energy Chamber.

    About AEW: Invest in African Energies:
    AEW: Invest in African Energies is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit http://www.AECWeek.com for more information about this exciting event.

    MIL OSI Africa

  • MIL-OSI Africa: Africa Sports Unified (ASU) launches ‘ASU Insider’ – A Strategic Membership Platform for African Sport Leaders

    Source: APO – Report:

    .

    Africa Sports Unified (ASU) (https://ASUnified.com), the world’s first and leading Pan-African Sports Business Hub, is pleased to announce the launch of ASU Insider – a new strategic membership platform designed to empower decision-makers and key stakeholders driving the growth of sport across Africa.

    “Over the past 18 months, we’ve spoken with key stakeholders to understand what they value and what’s holding the industry back,” said Gabriel Ajala, Founder of Africa Sports Unified. “It was overwhelmingly clear: what’s missing is a trusted platform, real insights and meaningful connections. ASU Insider in the solution – providing the tools, context, and relationships to lead, partner and grow across the continent.”

    The ASU Insider | Founding Circle

    As part of the platform’s pilot phase, ASU is opening applications for the ASU Insider | Founding Circle — a handpicked group of 10 stakeholders who will be early adopters of the new platform and play a direct role in shaping its roadmap.

    What Founding Circle Members Receive:

    • Monthly Market Intelligence Briefings: Exclusive insights on policy, investment, rights, and governance trends shaping African sport
    • Expert Led Live Session: Closed-door discussions with influential voices in sports, development, and business
    • Priority Access to ASU Reports, Tools, and Data Assets
    • Advisory Access and Strategic Introductions: Curated access to ASU’s team and network of continental leaders.
    • Early Influence on ASU’s Research Roadmap: Founding members help shape the platform’s direction.

    Who It’s For:

    • Government Ministries & Policy Leaders
    • Rights Holders (Clubs, Federations etc.)
    • Inter-Governmental Organisations & DFIs
    • Sponsors & Brands
    • Investors
    • Development Finance Institutions

    Now Accepting Applications

    Applications for the Founding Circle are now open.

    [ASU Insider | Founding Circle Waitlist Link]: http://apo-opa.co/3THSlrC

    Founding Circle members will receive early influence, and a front-row seat to shaping Africa’s sports transformation.

    – on behalf of Africa Sports Unified.

    For Media Inquiries, please contact:
    info@asunified.com

    Social Pages:
    Linktree: https://apo-opa.co/46N5UgX
    Videos: https://apo-opa.co/4nHE3Vs
    Website: https://ASUnified.com

    About Africa sports Unified:
    Africa Sports Unified is the world’s leading Pan-African sports business hub. Driving Economic Growth and Industry Innovation, through data-driven insights, strategic consulting, and community engagement.

    MIL OSI Africa

  • MIL-OSI Africa: Creecy dissolves RAF board amid governance challenges

    Source: Government of South Africa

    Creecy dissolves RAF board amid governance challenges

    The Minister of Transport, Barbara Creecy, has decided to dissolve the Board of Directors of the Road Accident Fund (RAF) due to persistent governance and operational challenges that have beset the fund and significantly undermined its ability to discharge its statutory mandate.

    While the fund is grappling with governance challenges and concerns, which were further confirmed through internal oversight and regulatory engagements, the Minister reiterated on Tuesday that her department would continue to pursue all necessary measures to restore institutional stability.

    The Department of Transport has also committed to enhancing the RAF’s capacity to fulfil its statutory obligations to the public and ensure a speedy and equitable access to the Road Accident Benefit Scheme by the road accident victims.

    READ | Ministry of Transport to engage Road Accident Fund board

    Last month the RAF board suspended Collins Letsoalo as the Chief Executive Officer (CEO) for not attending a Standing Committee on Public Accounts (SCOPA) hearing in Parliament.

    Furthermore, SCOPA resolved to launch a full committee inquiry into allegations of maladministration, financial mismanagement, wasteful and reckless expenditure, and related financial misconduct at the entity.

    READ | SCOPA probes RAF for maladministration 

    SCOPA made this decision after months of repeated attempts by the committee to obtain truthful, complete information from the RAF Board and executive management to little avail.

    The department has flagged as a concern the inconsistent and, at times, reckless handling of the suspension of the CEO, which attracted a legal challenge and institutional uncertainty.

    Through an internal oversight and regulatory engagements, the department noted deep divisions within the Board itself, evidenced by most resolutions being passed through the use of casting votes, rather than consensus, reflecting a lack of cohesion in critical decision-making processes.

    The board failed to fill at least two critical executive positions, which are critical to the mandate of the fund, namely that of Chief Claims Officer and Head of Legal.

    Furthermore, the department identified the protracted and costly litigation pursued by the RAF on the application of accounting standards as a concern. This has resulted in further strain on the entity’s financial resources and capacity.

    The department said the frequent incurrence of default judgments against the RAF, exacerbates its contingent liabilities and weakens its financial sustainability.

    “This has resulted in the loss of confidence in the board’s ability to run the entity effectively. On 5 June 2025, the Minister issued letters to the eleven members of the RAF board, affording them the opportunity to make representations regarding her intention to dissolve the board due to their failure to discharge their fiduciary duties effectively. 

    “The representations were received and have been duly considered. Consequently, the board has been dissolved,” the department said.

    Interim measures and review

    A submission has been prepared requesting the Minister of Finance to appoint an interim functionary as Accounting Authority in accordance with the Public Finance Management Act.

    The proposed appointment is intended to prevent a governance vacuum while a new board is being constituted.

    “A draft public advertisement has been prepared to commence the process of appointing a new board, ensuring transparent and merit-based selection in line with applicable legislation. 

    “To support the development of a sustainable operational and governance model, the Minister has initiated the appointment of a panel of independent experts to review the RAF’s business processes and propose actionable recommendations. Members of the panel will be announced in due course.

    “Furthermore, a request has been made to the SIU [Special Investing Unit]  to establish if the current investigation under Proclamation 44 of 2024 covers the events of the last three months and if not, formally request the expansion of the scope to cover these events. 

    “The response from the SIU in this regard is eagerly awaited,” the department said. –SAnews.gov.za

    nosihle

    MIL OSI Africa

  • MIL-OSI Russia: Russian-Armenian educational partnership: the second launch of the course “Fundamentals of project activities” with the Polytechnic University

    Translation. Region: Russian Federal

    Source: Peter the Great St. Petersburg Polytechnic University –

    An important disclaimer is at the bottom of this article.

    The Russian-Armenian University in Yerevan held the final defense of student projects completed within the framework of the course “Fundamentals of Project Activity” (OPA), which SPbPU and RAU have been implementing for the second year. 20 project teams were admitted to the in-person defense, and 19 of them successfully confirmed their results, demonstrating a noticeable qualitative growth compared to the pilot launch of the 2023/2024 academic year. 17 teams showed significant product and educational results.

    The course “Fundamentals of Project Activities” is part of the strategic partnership of the two universities and a key tool for implementing a practice-oriented education model. Since the 2024/2025 academic year, the discipline has become mandatory for five areas of study at the Institute of Economics and Business of RAU (economics, tourism, trade and hotel business, management) and was available optionally to students of other programs. Starting next year, at the initiative of the management and teachers of RAU, there will be even more areas of study where this discipline will be mandatory.

    The second launch of the course at RAU involved 12 mentor teachers, whose training began in December 2024. RAU teachers completed an intensive course on project activity tools and mentoring of student projects, and experienced the entire process of completing the course that students face.

    In February 2025, an introductory lecture was held for RAU students, where they learned about the structure and features of the upcoming course. The lecture was given by teachers of SPbPU and RAU: senior researcher of the International Academic Competence Center “Intelligent Enterprise Technologies” of the Digital Engineering School Anton Ambrazhey, senior lecturer of the Higher School of Project Activity and Innovation in Industry (IMMiT) Inna Seledtsova and head of the Department of Educational Policy and Quality Control of Education of RAU Ruzanna Airapetova.

    In April 2025, Anton Ambrazhey and Inna Seledtsova visited RAU on a working visit, discussed the intermediate results of the projects with the teams and course mentors, and gave recommendations for their further implementation and specification.

    A distinctive feature of the second launch of the course at RAU was the involvement of external customers (travel agency GoToDili, Green Rock, Green Training Center). The projects presented by the customers confirmed the trend that began to form during the first launch: the OPD course at RAU is capable of creating a new level and diversity of products in the tourism landscape of Armenia. Thus, most of the projects this year from internal and external customers of RAU were dedicated to the current needs of the tourism industry of Armenia, and the internal tasks of the university were also well presented as projects.

    According to the results of the 2024/2025 competition, the first place was taken by the project “Conducting an assessment of the quality of education by students of the Institute of Economics and Business”, completed by students of the Management program under the mentorship of the senior manager of the Department of Economics and Finance Iveta Stepanyan. The second place was taken by the project “Cultural and educational event “Russian Language Day”, mentored by Associate Professor of the Department of Russian Language and Professional Communication Liana Petrosyan. The third place went to the project “Green Tourism”, implemented under the guidance of the chief manager of correspondence courses of the IEB Lolita Tashchyan.

    “At the last defense, seventeen projects out of twenty received high scores. It is clear that a core of motivated mentors and students is being formed. Perhaps it is the personalized approach to the team, the high involvement of mentors that is the unique path of RAU project activities, along which we will continue to help colleagues develop,” noted Anton Ambrazhey.

    Inna Seledtsova emphasized the research significance of the work: “It is very important that many projects have come closer to understanding the true needs of the end users of their project results: someone went with a mentor to Dilijan to talk to tourists, someone conducted online surveys with business owners and identified an unobvious need for training, someone conducted surveys among students. We still have room to grow in the quality of such studies, which are a key link in understanding the problems of the project, but the first steps in this year’s research were very worthy.”

    At the final series of meetings with mentors, with the Vice-Rector of RAU for Academic Affairs Marina Khachatryan, with the Head of the Department of Educational Policy and Quality Control of Education of RAU Ruzanna Ayrapetova, the course support team from SPbPU recorded development vectors for the next academic year: localization of part of the educational content, adaptation of project activity artifacts to the specifics of RAU, strengthening of the internal PR course, training of new mentors in the fall of 2025 and the third launch of the course with updated materials in February 2026.

    An important result of the second launch of the course was the formation of the need for independent processes for implementing the “Fundamentals of Project Activity” at RAU. If in the first launches the course was supported, for the most part, within the framework of processes identical to SPbPU, then by the upcoming third launch not only the need for content localization has been identified, but also the need for our own student assessment system, for motivating them and mentors, for adaptation to online learning, since the OPD course became RAU’s first experience in mass online learning. All this will form the basis for the joint work of SPbPU and RAU in the next academic year.

    Interview with Anton Ambrazhey AndInna Seledtsova

    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

  • Air India crash rekindles debate over cockpit video recorders

    Source: Government of India

    Source: Government of India (4)

    The deadly Air India crash last month has renewed a decades-old debate in the aviation industry over installing video cameras monitoring airline pilot actions to complement the cockpit voice and flight data recorders already used by accident investigators.

    One of the industry’s most influential voices, International Air Transport Association head Willie Walsh, a former airline pilot, said on Wednesday in Singapore there was a strong argument for video cameras to be installed in airliner cockpits to monitor pilot actions to complement voice and flight data recorders already used by accident investigators.

    Aviation experts have said a preliminary report from India’s Aircraft Accident Investigation Bureau (AAIB) raised questions over whether one of the pilots of Air India flight 171 cut off fuel to the Boeing BA.N 787’s engines seconds after takeoff, leading to an irrecoverable situation.

    The crash in Ahmedabad, India, killed 241 of the 242 people aboard, as well as 19 people on the ground.

    As of now, “based on what little we know now, it’s quite possible that a video recording, in addition to the voice recording would significantly assist the investigators in conducting that investigation on the issue of mental health,” Walsh said.

    Advocates for cockpit video cameras say the footage could fill in gaps left by the audio and data recorders, while opponents say concerns about privacy and misuse outweigh what they argue are marginal benefits for investigations.

    Video footage was “invaluable” to Australian crash investigators determining what led to Robinson R66 helicopter breaking up in mid-air in 2023, killing the pilot, the only person aboard, according to the Australian Transport Safety Bureau’s final report, which was released 18 days after the Air India crash.

    The video showed “the pilot was occupied with non-flying related tasks for much of this time, specifically, mobile phone use and the consumption of food and beverages,” the report said.

    The ATSB commended Robinson Helicopters for providing factory-installed cameras and said it encouraged other manufacturers and owners to consider the ongoing safety benefits of similar devices.

    In 2000, U.S. National Transportation Safety Board (NTSB) Chairman Jim Hall urged the Federal Aviation Administration to require commercial airliners be equipped with cockpit image recorders.

    Hall’s recommendation came in the wake of 1999’s Egyptair Flight 990 crash, when the first officer intentionally crashed the Boeing 767, according to the NTSB, killing all 217 people on board.

    “In the balance between privacy and safety, the scale tips toward safety, unequivocally,” air safety expert and former commercial airline pilot John Nance said. “Protecting the flying public is a sacred obligation.”

    Another aviation safety expert, Anthony Brickhouse, said that as an accident investigator, he is in favor of cockpit video, but acknowledged that commercial pilots have real concerns.

    Video on Air India flight 171 “would have answered lots of questions,” he said.

    Air India declined to comment. India’s AAIB, which is expected to release a final report within a year of the crash under international rules, did not reply to request for comment.

    PILOT OBJECTIONS

    U.S. pilots’ unions such as the Air Line Pilots Association (ALPA) and Allied Pilots Association (APA) say the voice and data recorders already provide enough information to determine the cause of a crash and that the cameras would be an invasion of privacy and could be misused.

    Calls for cockpit cameras are an understandable reaction to “the stress of not knowing what happened immediately after an accident,” said APA spokesperson Dennis Tajer, an American Airlines AAL.O pilot.

    “I can understand the initial reaction of the more information, the better,” but investigators already have enough data to adequately determine an accident’s cause, leaving no need for cameras, he said.

    To make flying safer, current safety systems should be enhanced to record higher-quality data, rather than adding video cameras, an ALPA spokeperson said.

    There are also concerns the footage could be used by airlines for disciplinary actions or that video could be leaked to the public after a crash, said John Cox, an aviation safety expert, retired airline pilot and former ALPA executive air safety chairman.

    A pilot’s death being broadcast on “the 6 o’clock news is not something that the pilot’s family should ever have to go through,” he said.

    If confidentiality can be assured around the world, “I can see an argument” for installing cameras, Cox said.

    Cockpit voice recordings are typically kept confidential by investigators in favor of partial or full transcripts being released in final reports.

    Despite that, International Federation of Air Line Pilots Associations said it was skeptical that confidentiality could ever be assured for cockpit videos.

    “Given the high demand for sensational pictures, IFALPA has absolutely no doubt that the protection of (airborne image recorder) data, which can include identifiable images of flight crewmembers, would not be ensured either,” the organization said in a statement.

    Boeing declined to disclose whether customers are able to order cockpit video recorders, while Airbus did not reply to request for comment.

    (Reuters)

  • Israeli research finds that when plants talk, insects listen

    Source: Government of India

    Source: Government of India (4)

    There is evidence that plants and insects interact through sound, researchers at Tel Aviv University said on Tuesday, opening a new frontier in the study of acoustic communication in nature.

    The study, published in the journal eLife, suggests that female moths detect ultrasonic distress signals emitted by dehydrated tomato plants and use this information to decide where to lay their eggs.

    Moths usually lay their eggs on tomato plants to provide food for their larvae after they hatch.

    The research was led by Rya Seltzer and Guy Zer Eshel in the laboratories of Yossi Yovel and Lilach Hadany, both professors at the university’s Wise Faculty of Life Sciences.

    “We revealed the first evidence for acoustic interaction between a plant and an insect,” the team said in a statement.

    The findings build on previous research by the group, which revealed that plants emit ultrasonic sounds when under stress.

    The discovery could have implications for agriculture and pest control, opening up possibilities for managing crop health and insect behaviour through sound.

    While the ultrasonic sounds emitted by plants are outside the range of human hearing, they can be picked up by many insects and some mammals, such as bats.

    Investigating this preference, the researchers presented female moths with two healthy tomato plants – one with a speaker playing sounds registered from a drying plant, and one that was silent.

    The moths preferred the silent option, suggesting they use these cues to identify optimal sites for laying eggs.

    Further experiments confirmed that the moths’ choices were guided specifically by sound and only to sounds from the plants.

    “Here, we’ve seen that there are animals that are capable of making sense of these sounds,” said Hadany.

    “We think that this is just the beginning. So, many animals may be responding to different plants.”

    -Reuters

  • MIL-OSI United Kingdom: Life Sciences Sector Plan to grow economy and transform NHS

    Source: United Kingdom – Executive Government & Departments

    Press release

    Life Sciences Sector Plan to grow economy and transform NHS

    The government has today (Wednesday 16 July) launched a bold new Life Sciences Sector Plan as part of the government’s flagship Industrial Strategy.

    The government has today (Wednesday 16 July) launched a bold new Life Sciences Sector Plan as part of the government’s flagship Industrial Strategy, setting out a ten-year mission to harness British science and innovation to deliver long-term economic growth and a stronger, prevention-focused NHS.

    The UK is already a global leader in life sciences, with the sector worth around £100 billion to the economy, and employing around 300,000 people. This plan, developed in close coordination with the government’s 10 Year Health Plan, doubles down on that strength – turning cutting-edge research into real-world results: new treatments, faster diagnoses, and more lives saved. It’s about making sure breakthroughs happen here – and stay here – creating jobs, improving lives in every part of the country, and driving growth.

    Life sciences’ critical importance to both driving economic growth and improving our health – 2 of the core elements of the Plan for Change – has been shown through the government’s action to date to support the sector. The Chancellor re-committed up to £520 million for the Life Sciences Innovative Manufacturing Fund at the Spending Review to pull investment into the UK, and red tape is being slashed to speed up clinical trials, while an up to £600 million investment will deliver a Health Data Research Service that will be unmatched globally – bringing the power of data to bear to unlock breakthroughs in the diagnosis and treatment of diseases.

    The plan sets out a comprehensive roadmap built around 3 core pillars:

    1. Enabling World-Class R&D – strengthening the UK’s leadership in science and discovery
    2. Making the UK an outstanding place to start, scale and invest – growing homegrown companies and attracting global capital
    3. Driving Health Innovation and NHS Reform – delivering better outcomes for patients and a more modern, preventative healthcare system

    6 bold actions to kickstart change

    The Life Sciences Sector Plan will be supported over the lifetime of the Spending Review by government funding of over £2 billion, alongside funding from UKRI and NIHR. Actions include:

    1. Unlocking NHS data to find new cures

    Up to £600 million investment to build the world’s most advanced health data system – helping scientists develop better treatments faster.

    2. Speeding up clinical trials

    Cutting red tape so patients can join trials sooner – and get access to life-changing medicines quicker.

    3. Backing British manufacturing

    Up to £520 million to invest in life sciences manufacturing projects – creating high-skilled jobs and making more treatments and medical devices here at home.

    4. Getting new treatments to patients faster

    Making regulation simpler and faster by boosting departmental support for the MHRA with additional investment – so doctors can use safe, effective innovations without delay.

    5. Helping doctors use cutting-edge tech

    A new NHS ‘passport’ to roll out proven tools faster – like AI cancer scanners or wearable devices that detect disease early.

    6. Backing brilliant UK firms to grow

    Helping fast-growing companies raise investment, scale up, and stay in the UK – with at least one major industry partnership secured every year.

    Built for delivery

    This Plan was shaped with input from over 250 organisations including doctors, scientists, NHS leaders and industry experts to ensure it delivers real impact. It builds on the strong foundations of the 10-Year Health Plan, extending its ambition by uniting health and growth interventions into a single, coherent strategy for the Life Sciences sector. Every action has clear goals and named leads. This is a Plan designed to deliver, not in isolation but as a vital part of the government’s broader Plan for Change.

    Early momentum 

    The plan builds on the Chancellor’s commitment to reduce regulatory costs by a quarter, with increased investment in the MHRA to accelerate approvals and improve efficiency. It aims to streamline MedTech market entry through closer coordination between the MHRA and NICE.  

    The government is also focused on strengthening the UK’s clinical research infrastructure by improving trial delivery, expanding patient access, and embedding research more effectively within the NHS. 

    We have already started delivering on key actions, from investing up to £600 million in the Health Data Research Service alongside Wellcome, through to committing over £650 million in Genomics England and up to £354 million in Our Future Health, while the rollout of ‘innovator passports’ will help speed up the adoption of new tech and treatments on the NHS. This is clear evidence of our commitment and confidence in life sciences as a driver of both economic growth and better health outcomes. 

    Why life sciences matter

    • Life Sciences is one of 8 priority sectors in the government’s Industrial Strategy – reflecting the sector’s high growth potential.
    • Life sciences companies employ over 300,000 people, with more than three-quarters of jobs outside London and the Southeast, supporting opportunity in every part of the UK.
    • The sector improves economic productivity by improving health. With long-term illness a major drag on workforce participation, better health leads directly to a stronger, more resilient economy.
    • The Life sciences sector attracts record levels of private investment. In 2023, the UK raised the third highest amount of life sciences equity finance in the world, behind only the US and China.
    • It is a UK export powerhouse -medicines and medical technologies were the UK’s third largest goods export by value in 2024.
    • And it is innovation-intensive, with 17% of all UK business R&D spend is in pharmaceuticals, the highest of any sector.
    • Artificial Intelligence (AI) is also revolutionising the Life Sciences sector across research, diagnostics, treatment, and manufacturing, reshaping how we prevent, treat, and manage disease. The potential economic impact is substantial, with McKinsey Global Institute estimating that AI could generate $60–110 billion annually for the pharmaceutical and medical-product industries alone .

    Chancellor of the Exchequer, Rachel Reeves, said:

    Our world-leading life sciences sector employs hundreds of thousands of people and is a powerhouse for economic growth that puts more money in people’s pockets. Our Plan for Change is ramping up this success story even further.

    The ten-year life sciences plan we have released today as part of our Industrial Strategy will cut red tape and deliver the investment we funded at the Spending Review so it can stay ahead of the curve globally and we can reap the economic rewards for years to come.

    Science and Technology Secretary Peter Kyle said:

    The life sciences sector is one of the crown jewels of the UK economy. It sits at the heart of both our Plan for Change, and our Modern Industrial strategy, as a unique catalyst for both economic prosperity, and better health outcomes for people across the UK.

    Moving in lockstep with industry, academia and our NHS, we will unleash this sector as a force for good and for growth. The suite of measures we’re announcing today will unlock its full potential — attracting global investment, accelerating innovation, and delivering breakthroughs that will make the UK healthier, wealthier, and even more open for business.

    Business Secretary Jonathan Reynolds said:

    We’re committed to making the UK a life sciences superpower, and our modern Industrial Strategy has earmarked it as one of 8 priority sectors so it can double down on our strengths and keep us at the cutting edge of innovation.

    This government is taking the bold action needed to help this £108 billion industry flourish and create new high-skilled, well-paid jobs right across the country, making our Plan for Change a reality.

    Health Secretary Wes Streeting said:

    This Life Sciences Sector Plan represents a pivotal moment in our mission to rebuild the NHS and shift our healthcare system from one that treats illness to one that prevents it.

    By bringing together the brilliance of British science with the power of our NHS, we’re not just improving healthcare outcomes – we’re building a stronger economy and creating jobs across the country.

    The £2 billion investment will help us make the most of our world-leading health data, speed up access to innovative treatments, and transform the experience of patients. This is how we deliver a health service fit for the future – by embracing innovation that saves lives, cuts waiting times, and makes the NHS sustainable for generations to come.

    The plan comes just days on the same day as the fourth “Made in the UK, Sold to the World” Roadshow, a government-led initiative designed to boost SME exports in the Life Sciences sector.

    The roadshow focuses on the 8 sectors highlighted in the modern industrial strategy, forming part of the government’s commitment to supporting high-growth industries with the greatest potential to create jobs, increase productivity, and drive long-term economic growth.

    Support for the Life Sciences Sector Plan

    Professor Sir John Bell, President of the Ellison Institute of Technology and UK Government Life Sciences Champion said: 

    With our world-leading science base, genomics capabilities and industrial heritage, our Life Sciences sector can truly be among the best globally, ensuring the UK is developing and benefiting from the technologies of the future. We must however move past high level ambitions. This plan, with an inbuilt, relentless focus on delivery, provides the vehicle to take us there.

    Deepak Nath, CEO of Smith+Nephew, said:  

    Smith+Nephew welcomes the publication of the government’s Life Sciences Sector Plan and its clear recognition of the critical role that medical technology plays in building a sustainable, high-performing NHS.  

    We are encouraged by the plan’s focus on the full life cycle of medical technologies – from research and development, and manufacturing, through to regulation, evaluation and adoption – and by the continued engagement with industry throughout its development.  We look forward to supporting the plan’s implementation.

    Dr Tony Wood, Chief Scientific Officer, GSK, said: 

    We welcome the government’s Life Sciences Sector Plan – in particular, the reforms to incentivise more UK clinical trials, establish a new Health Data Research Service and create a network of translational labs and clinics to accelerate drug discovery and development. These changes can bring unique competitive advantage to the country and make the UK a leader in future life sciences research.

    Tim Sheppard, SVP & GM, North Europe, IQVIA, said:

    IQVIA welcomes the Life Sciences Sector Plan and its bold ambition to realise  more investment in commercial R&D than any other country in Europe by 2030.

    Human data science and AI technology underpin our global leadership in commercial clinical research, we recognise the potential in the Plan for the Health Data Research Service to be a catalyst in the UK Government’s  commitment to create the  world’s most advanced and secure health data platform, enhancing the UK’s attractiveness for global trials and AI investment.

    The Life Sciences Sector Plan will strengthen IQVIA’s ability to offer its global life sciences sponsors a seamless and efficient development pathway from early phase trials to regulatory approval and enhance patient access to innovative treatments – improving patients’ lives and driving further economic growth in the UK.

    Steve Rotheram, Mayor of the Liverpool City Region, said: 

    The Liverpool City Region has a proud history of innovation and is fast becoming recognised as a powerhouse in health and life sciences – from pioneering infection and disease control to cutting-edge manufacturing.  

    This plan is a welcome step towards unlocking the sector’s full potential, and I’m confident our region will play a central role in delivering that ambition. With our world-leading assets in biomanufacturing, digital health and infectious disease research, we’re already demonstrating how innovation in our region can improve lives, create highly skilled jobs, and attract global investment. Backed by the right partnerships and investment, we can help cement the UK’s place as a global leader in life sciences.

    Lord Ara Darzi, Paul Hamlyn Chair of Surgery, Imperial College London, Consultant Surgeon, Imperial College Healthcare NHS Trust and the Royal Marsden NHS Foundation Trust and Independent Member of the House of Lords said: 

    This plan is a detailed blueprint for implementation. It marks a profound change not just in how we go about enabling discovery but also in the way we deliver it. It sets the United Kingdom up to lead not just in trialling innovation but in making such innovations have real world impact for the benefit for patients, the National Health Service, and economic growth.

    Dr. Vin Diwakar, Clinical Transformation Director at NHS England, said:

    The Life Sciences Sector Plan is a major step forward, accelerating patient access to the latest health innovations through better industry partnerships, solidifying the NHS’s role in economic growth. Through initiatives like the Health Data Research Service and ‘innovator passports,’ we’re unlocking data’s potential for cures and fast-tracking proven health technologies, ultimately transforming patient care and making the NHS fit for the future.

    Peter Ellingworth, Chief Executive of the Association of British HealthTech Industries (ABHI) said:  

    ABHI welcomes the publication of the Life Sciences Sector Plan. Developed with meaningful engagement from the HealthTech industry, it recognises the critical role that HealthTech will play in driving innovation and supporting the NHS to deliver the reforms needed to ensure its long-term sustainability. We are particularly encouraged by the commitments to regulatory reform, investment in research infrastructure, and measures to accelerate the adoption of innovation. To succeed, this strategy must be delivered in genuine partnership with industry and the NHS, and focused on removing the persistent barriers that prevent patients from benefiting from the best technologies. ABHI and our members are committed to playing an active role in translating these ambitions into tangible improvements for patients, the NHS and the economy.

    Paul Tredwell, Executive Vice President of Accord Healthcare said: 

    It is very encouraging to see a Life Sciences Sector Plan which for the first time recognises the immense contribution of the off-patent industry, a sector which provides around 80% of all the UK’s medicines. As one of the largest manufacturers supplying medicines to the NHS, and a company currently applying to the government’s LSIMF scheme, we welcome this Sector Plan as a positive step and look forward to working with government on policies that will support future growth and investment.

    Nicola Perrin MBE, Chief Executive of the Association of Medical Research Charities (AMRC) said: 

    We’re pleased to see life sciences recognised as a priority sector for the UK. This is a triple win for the economy, for the NHS and for patients. It will benefit people across the country and unlock new ways to prevent, diagnose and treat disease. 

    We welcome the positioning of research at the heart of the Life Sciences Sector Plan, from the earliest stages of discovery science and beyond. We also welcome the focus on ensuring that the NHS embraces new discoveries and innovations – these will only have an impact if they get to patients quickly and effectively.  

    It’s reassuring to see a clear focus on implementation and accountability in the plan. This will help to ensure urgent action and real change. Medical research charities must be key delivery partners – they support R&D that focuses on patients, addresses areas of unmet need and accelerates impact.

    Dr Samantha Walker, Director of Research and Innovation at Asthma + Lung UK, says:    

    We are pleased to see the Life Sciences Sector Plan setting out an array of opportunities for action to accelerate the growth of the UK’s respiratory research and innovation sector.   

    There has been too little scientific progress for people living with lung conditions – the third biggest killer in the UK. This plan for investment, with its focus on innovation and access to health data for research, could help drive desperately needed improvements to the diagnosis and treatment of lung disease, which affects 1 in 5 people in the UK.  

    With effective implementation, this plan could lead to research investment that will save lives and significantly reduce the number of preventable A&E visits due to asthma attacks and COPD exacerbations. Furthermore, it has scope to increase the growth of the life sciences sector and will benefit the UK economy by cutting days lost to sickness.

    Louis Taylor CBE, CEO of the British Business Bank, said:  

    In the UK, we are very good at starting high-potential companies and creating breakthrough innovation, but what’s often lacking is the capital to scale these startups. The British Business Bank has been at the heart of growing the UK innovation economy for the last ten years. Today, the Bank is the largest investor in UK venture and venture growth capital funds and the most active late-stage investor in life sciences and deeptech. We welcome today’s Life Sciences Sector Plan and will continue to support the growth of this critical sector.

    Mike Fairbourn, Vice President & General Manager, UK & Ireland for Becton Dickinson said: 

    Becton Dickinson welcomes the UK government’s publication of the Life Sciences Sector Plan. The plan’s focus on accelerating regulatory approvals, streamlining procurement pathways and investing in innovative manufacturing underscores the crucial role of medical technology in driving better health outcomes and economic growth. We strongly support these commitments and stand ready to work hand-in-hand with government, the NHS and regulators to deliver on these ambitions. Together, we can unlock the full potential of the UK’s medical technology industry to bolster the UK life sciences sector and the wider economy, and to benefit patients across the country.

    Dr Daniel Mahony, Chair of the UK BioIndustry Association said:  

    Making the UK an outstanding place in which to start, grow, scale and invest in life science companies is key to driving UK economic growth.  The life science sector plan is right to focus on getting substantially more public and private investment in early-stage companies, improved access to data, trials and skills to help companies grow, and more streamlined regulation and market access pathways to get innovative medicines to NHS patients. We particularly welcome the focus on unlocking pension funds to increase investment in scaling life science companies. In this parliament, the UK has the opportunity to create a truly-world leading life sciences ecosystem that works for start-ups, scale-ups and established global companies alike.

    Dr Kevin Lee, CEO of Bicycle Therapeutics said:  

    Bicycle Therapeutics welcomes the government’s vision to make the UK a Life Sciences superpower as part of its bold and ambitious Industrial Strategy. We support the strategy’s aspiration to accelerate the growth of UK companies by encouraging investment in the sector, simplifying the regulatory environment, and leveraging the UK’s unique healthcare ecosystem to innovate in clinical trial design. At Bicycle, we view this plan as an opportunity to support the advancement of our work to unlock the potential of our Nobel prize-winning science and create new medicines for a wide variety of diseases, starting with cancer. We are excited by the prospect of working in an ever more innovative and productive sector that will see British scientific breakthroughs transform the lives of patients across the globe.

    Professor Sir Rory Collins, Principal Investigator and Chief Executive of UK Biobank, said: 

    The Life Sciences Sector Plan shows how, with long-term thinking, the UK can build on its many world-leading institutions and facilities to deliver a world-class base for science. UK Biobank is living proof of the value of long-term thinking and the impact it can have on life sciences, with projects like our recent decade-long work scanning 100,000 volunteers that is transforming health research and helping the NHS. 

    The UK government continually supports UK Biobank as shown by its £20 million investment for our project to measure proteins in the blood of our half a million volunteers. This investment is helping generate the world’s most comprehensive health data and, by making it so accessible, we’re effectively able to crowdsource the minds of the planet’s greatest experts. That accessibility is why philanthropists and industry from around the world keep amplifying the government’s investment, leading to more data that drives even more research.

    Professor Ugur Sahin, Managing Director, CEO and Co-Founder of BioNTech said:  

    We believe that innovative treatments reach patients faster when sectors collaborate towards a common goal. The renewed Life Sciences Plan reflects this spirit and has the potential to transform medicine through real progress in cancer care and beyond – both in the UK and globally.

    Helen Dent, CEO of British In Vitro Diagnostic Association (BIVDA) said: 

    This plan reflects the government’s understanding of the challenges facing the life sciences industry and their commitment to driving investment, growth, and innovation across the sector. 

    Pledges which reduce the cost and streamline the adoption of diagnostics, MedTech and genomics are hugely welcome, as are measures to introduce low-friction procurement and contracting mechanisms. 

    Ultimately, success will depend upon continued collaboration between government, industry, and the healthcare system to ensure its ambition is matched by delivery. BIVDA looks forward to supporting this process and bolstering the UK’s position as a world-leader in life sciences.

    Hyoungki Kim, CEO and Vice Chairman of Celltrion, said: 

    As a South-Korea based company with a global outlook, we are committed to adapting to the long-term dynamics of the markets we serve. The UK is a key supply destination for us, and we remain committed to supporting the NHS through the increased availability of biosimilar medicines in the coming years. The UK is an important supply destination for us, and we are planning substantial investments to expand our biosimilar medicine supply in the coming years. We therefore welcome the recognition in the life sciences plan that biosimilars are a critical means of delivering value to the NHS and, importantly, expanding patient access. This acknowledgement reinforces our confidence in prioritising the UK as a central focus of our global efforts.

    Massimiliano Collela, Chief Executive Officer of CMR Surgical, said: 

    We are grateful to the government for their support of leading UK Tech and Life Sciences scale-ups like CMR Surgical through the government’s Industrial Strategy, the 10 Year Health Plan and the Life Sciences Sector Plan.  With the government’s support, the UK innovation sector continues to flourish.

    Lars Petersen, President & Chief Executive Officer of FUJIFILM Biotechnologies, said: 

    FUJIFILM Biotechnologies warmly welcomes the UK government doubling down on its commitment to life sciences with this timely and ambitious new Sector Plan. 

    The UK has long been a global powerhouse in life sciences R&D – but what truly excites me about this plan is its potential to supercharge the life sciences ecosystem. By combining world-class discovery, cutting-edge development, and advanced manufacturing under one cohesive vision, the UK is positioning itself to not just lead in innovation but ensure the entire life sciences value chain flourishes. 

    I’m especially pleased to see the critical role of innovative medicines manufacturers, like FUJIFILM Biotechnologies, recognised as essential to the UK’s future growth. This isn’t just about planning; it’s a clear roadmap to unlocking our potential to fuel economic growth, spark groundbreaking innovation, and improve patient outcomes across the board. 

    The government’s pledge of £520 million in grants to expand the UK’s medicines manufacturing sector can also be a game-changer. Remaining globally competitive requires action, and this is exactly the kind of commitment needed to kickstart a new era for the UK’s life sciences. Combined with ongoing private-sector investment and the support of an empowered Life Sciences Sector Council, we’re looking at the foundation of a win-win scenario for government, business, patients, and innovators alike. 

    As one of the UK’s largest investors in innovative medicines manufacturing, FUJIFILM Biotechnologies stands ready to seize this opportunity. We look forward to helping turn this vision into a reality and build a stronger, more sustainable future for life sciences in the UK.

    Richard Stubbs, Chair of the Health Innovation Network said:  

    The UK is now in a race to the top to become a global powerhouse for the life sciences sector. To achieve this, we will need to go further to find, test and implement health innovations at pace and at scale. It is right that place-based innovation capacity and capabilities have been identified in the Life Science Sector Plan as a key enabler for the sector. 

    The Health Innovation Network is proud of the impact that we deliver with our partners in the NHS, academia and industry – from SMEs to multinationals – to improve patient outcomes, release capacity in the NHS to cut waiting lists and to drive economic growth, all priorities that are rightly recognised in this plan. The contribution the life sciences sector has to improve the health and wealth of the country is more evident now than ever. Through working locally with our vibrant life science sector, our health innovators, and our NHS staff we will deliver real change on the ground that has a national impact, and that supports the bold ambitions set out in the Life Sciences Sector Plan.

    Yamin Mohammed Khan, CEO of hVIVO said: 

    We were pleased to establish a working partnership with the Office for Life Sciences in support of their sector plan. The UK has a remarkable and longstanding legacy in life sciences, something which we at hVIVO are proud to be a part of as the world leading provider of human challenge trials. The UK has a proven track record of innovation that continues to thrive. As a global pillar in health research and life sciences, the UK plays a vital role in shaping the future of healthcare and scientific advancement. We’re excited to see how this 10-year plan unfolds, helping the UK maintain its global reputation and further strengthen its leadership in the life sciences sector.

    Mark Robinson, Vice President and General Manager, UK and Ireland, and North Europe at Illumina, said: 

    Illumina strongly supports the UK government’s ambition, outlined in the Life Sciences Sector Plan, for genomics to contribute to half of all healthcare interventions by 2035. The plan’s focus on integrated health data, streamlined clinical trials, and expanded genomic infrastructure aligns with Illumina’s mission to unlock the power of the genome to improve human health for all. Illumina’s longstanding partnerships in the UK have played a key role in advancing our understanding of the genome, and we look forward to continuing these collaborations to support the UK’s leadership in global genomic research and innovation.

    Dr Stella Peace, Interim Executive Chair of Innovate UK said: 

    The Life Science Sector Plan positions innovation as a critical engine with the potential to power breakthroughs, drive economic growth and transform lives. The plan sets out how we will unlock the full potential of UK life sciences by backing the businesses, researchers and technologies shaping the future of healthcare and delivering real societal impact.  Innovate UK look forward to being part of bringing this plan to life.

    David Marante, Vice President UK and Ireland at Intuitive, said: 

    We know how important equity of access to innovation is to improve patient care in the NHS.  For the last 2 decades we’ve worked together with NHS Trusts in England to implement da Vinci robotic-assisted surgery programmes, harnessing our innovations to help enhance patient and care team experience, and reduce waiting lists through increased productivity to ultimately improve patient outcomes. 

    With health innovation as a key pillar of the government’s vision for the UK’s Life Sciences sector, we’re excited to continue supporting NHS care teams to improve equity of access to minimally invasive care with da Vinci RAS, enabling patients to get back to what matters most.

    Mark Samuels, Chief Executive of Medicines UK, said:   

    Generics and biosimilars account for 4 in every 5 NHS prescriptions, making them a cornerstone of patient care and an essential part of the UK’s life sciences ecosystem. We welcome this plan’s recognition of their vital role.   

    The off-patent sector operates in a highly competitive global environment. To maintain supply and attract sustained investment, the UK must offer a policy and operating landscape that is both supportive and internationally attractive.   

    We are encouraged by the strategy’s ambition and clarity – particularly its objective to make the UK a world leader in the adoption of off-patent medicines, with a strong emphasis on biosimilars.

    A thriving off-patent sector delivers access and value for the NHS and forms the foundation for future pharmaceutical innovation and investment. We look forward to working with Government to deliver on this important agenda.

    Lawrence Tallon, Chief Executive of the Medicines and Healthcare products Regulatory Agency, said:  

    I welcome the publication of the Life Sciences Sector Plan and fully support its ambition to make the UK a global leader in life sciences and a country where innovation delivers for everyone. 

    It’s great to see the MHRA is recognised as a pivotal partner in delivering the plan’s vision – by supporting innovation, protecting public health, and making the UK a global destination for innovators to research, develop and launch cutting-edge medical products. 

    Working with our partners across the sector, we will continue to enable safe and effective innovation that benefits patients, the public, and the economy.

    Kit Erlebach, Chairperson of the UK’s Medicines Manufacturing Industry Partnership (MMIP) and Senior Director, Engineering at FUJIFILM Biotechnologies UK said: 

    The UK government’s new Life Sciences Sector Plan signals a clear and ambitious commitment to the future of life sciences in the UK. This plan provides a unique opportunity to build upon our nation’s strengths in research, development, and manufacturing, creating a fully connected and world-leading life sciences ecosystem, with innovative large and small medicines producers. 

    By articulating a clear vision for medicines manufacturing alongside discovery and development, the UK is laying the foundation for a thriving sector that benefits patients, drives innovation, and delivers economic growth. The focus on medicines manufacturing as a key component of this strategy is vital, providing the necessary support to strengthen the UK’s position on the global stage. 

    The allocation of £520 million in grants for expanding medicines manufacturing capabilities demonstrates the government’s dedication to fostering a competitive and sustainable industry. Combined with continued private-sector investment and collaboration across the sector, this targeted support will create new opportunities for innovation, employment, and improved health outcomes. 

    The Medicines Manufacturing Industry Partnership (MMIP) is proud to have contributed to support the development of this Sector Plan. In a rapidly changing international context, today’s announcement is a key step on the journey to enhance the UK’s international competitiveness. We are committed to working with Government to drive implementation of this plan, and the other necessary steps set out in the MMIP’s 10-year vision to deliver on our shared ambition.

    Darius Hughes, UK General Manager for Moderna, said:   

    Moderna welcomes the UK government’s Life Sciences Sector Plan as a bold and timely commitment to strengthening the UK’s position as a global leader in healthcare innovation and adoption.   

    Through our strategic partnership, we’ve invested in UK-based mRNA R&D and manufacturing, because we believe in the UK’s ability to turn scientific excellence into real-world impact.   

    This Plan gets the fundamentals right — from smarter regulation to investing in talent and unlocking the potential of health data — and we look forward to continuing our work together to deliver meaningful outcomes for patients, the NHS, and the economy.

    Professor Patrick Chinnery, Executive Chair of the Medical Research Council, said: 

    The new Life Sciences Sector Plan sets out a bold vision to transform how one of the UK’s most dynamic and globally competitive sectors delivers for our economy and for people around the world. 

    The Medical Research Council is committed to playing a central role in realising this vision by accelerating the translation of curiosity-driven research into innovations that support disease prevention, earlier diagnosis and better treatments. 

    In partnership with researchers, charities and industry, we will help more people live healthier, more productive lives, and attract further investment to strengthen the UK’s life sciences sector.

    Matthew Taylor CBE, Chief Executive of the NHS Confederation, said: 

    Health leaders will welcome the publication of the life sciences sector plan which will play a crucial role in building an NHS that’s fit for the future. Having a thriving UK life sciences and innovation sector is key to ensuring patients get access to the treatments and innovations they need and at the best value to the health system.  

    For the government’s NHS reforms to succeed a successful life sciences programme is key, and the sector benefits from using the NHS as a testbed and delivery partner for new innovations. We look forward to working with the Office of Life Sciences, the Department of Health and Social Care and NHS England to ensure the views of health system leaders are reflected in the implementation of the plan so that it can deliver for both the health system and life sciences sector.

    Dr Sam Roberts, Chief Executive of the National Institute for Health and Care Excellence (NICE), said: 

    We warmly welcome the publication of the government’s Life Sciences Sector Plan, which sets out how NICE will ensure patients get faster, fairer access to transformative new medicines and life-changing healthtech, while supporting a thriving life sciences industry in the UK.  

    This comprehensive plan establishes a clear vision for how NICE, the NHS, and industry can collaborate to truly transform people’s lives through better, more equitable access to innovation. At NICE, we are committed to playing our part in ensuring that the UK remains at the forefront of life sciences innovation while delivering a sustainable and effective health service for all.

    Ros Deegan, CEO of OMass Therapeutics, said:  

    The new Life Sciences Sector Plan outlines ambitions that fit the UK’s world-leading capabilities and should help small and medium sized Life Sciences businesses scale, grow and keep innovation within the UK. As a growing biotechnology company with products approaching the clinic, we are encouraged to see actions designed to cut clinical trial approval times and improve access to capital – 2 critical factors that will benefit the sector and the wider economy.

    Dr. Lucinda Crabtree, Chief Financial Officer of Oxford Biomedica, said: 

    The UK government’s Life Sciences Sector Plan sets out a clear commitment to making the UK a global hub for health innovation. At OXB, we have experienced first-hand how targeted government support — including funding from Innovate UK — can help unlock growth and build globally competitive capabilities. The plan’s focus on accelerating clinical trial processes, streamlining regulatory pathways, and investing in manufacturing, genomics, and health data infrastructure will support innovation and improve access to breakthrough treatments. These initiatives are vital to establishing the UK as a key market to scale life sciences businesses, attract investment and world-class talent, and drive long term economic growth.

    Gordon Sanghera CBE, CEO and Co-founder of Oxford Nanopore Technologies, said: 

    The UK’s ambition to further expand the integration of genomic and molecular data into health systems and the economy – at scale – is exactly the kind of bold infrastructure investment that can improve lives and drive economic growth. In that system, being able to move quickly from innovation to implementation is essential to translating UK science into global health and economic impact.

    Roland Sinker CBE, Chief Executive of Cambridge University Hospitals NHS Foundation Trust, said:  

    As I outlined in the Innovation Ecosystem Programme report, there is a significant opportunity to deliver meaningful benefits to the NHS and patients through innovations developed by UK life sciences companies. I fully support the Life Sciences Sector Plan and its clear commitments to advancing research, enabling UK life sciences to thrive, and accelerating health innovation. These actions are essential to ensuring that NHS staff and patients are among the first to benefit from the latest breakthroughs.

    Richard Saynor, CEO of Sandoz said:  

    We welcome the government’s commitment to becoming a world leader in the uptake of off-patent medicines. The target of £1 billion of savings from biosimilars is both realistic and achievable. Increasing their use will unlock greater worker productivity and increase the health of the UK population – a major contribution to the government’s growth imperative. As a committed partner to the NHS and government, Sandoz will dedicate resources and expertise to realise the goals for the off-patent sector within the Life Sciences Strategy.

    Neil Daly, CEO and Founder of Skin Analytics, said: 

    We welcome the clear action plan in the Life Sciences Sector Plan for streamlining and speeding up the adoption of proven healthcare technologies and feel the plan will make a meaningful difference to UK health innovators. In skin cancer, this means that the NHS can move much more swiftly to establish appropriately regulated autonomous AI triage as standard practice for all patients. This will find more cancers, free up clinician time and save taxpayers’ money.

    Dr Michael Spence, University College London President and Provost said: 

    Universities will be at the heart of making the UK the leading life sciences economy in Europe. With its backing for world-class research and clinical trials, the Life Sciences Sector Plan will help us achieve even more. 

    London is a global centre for innovation, with Euston already a leading area for life sciences where world-class universities, healthcare, and life science companies come together. With new investments in Oriel at St Pancras Way with Moorfields Eye Hospital, and a state-of-the art neuroscience facility at Grays Inn Road, UCL is at the heart of making the area a global leader. The new Life Science Hub at Euston station is a step towards realising the huge potential in this area and achieving the government’s ambitions 

    John-Arne Røttingen, CEO of Wellcome, said: 

    The ambition set out in the Life Sciences Sector Plan is hugely welcome. Life sciences are a historic strength of the UK, and this strategic vision is important to cement the country’s advantage in the future. The plan’s emphasis on the importance of early-stage research is particularly shrewd. Basic discovery science underpins later health breakthroughs and clinical trials, making it the essential bedrock for a thriving research economy.  

    The focus on speeding up trials and on data infrastructure for research will not only lead to real impact for patients but also strengthen the UK’s attractiveness to innovative researchers and businesses.  

    If the level of ambition in the plan is matched by meaningful action and investment, the UK will be well on its way to securing its place as a global life sciences leader.

    Notes to editors

    The full collection of Industrial Strategy sector plans can be found here.

    DSIT media enquiries

    Email press@dsit.gov.uk

    Monday to Friday, 8:30am to 6pm 020 7215 3000

    Updates to this page

    Published 16 July 2025

    MIL OSI United Kingdom

  • MIL-OSI: Virtune launches Virtune Coinbase 50 Index ETP on Nasdaq Stockholm

    Source: GlobeNewswire (MIL-OSI)

    Stockholm, July 16, 2025 – Virtune, the Swedish regulated crypto asset manager, announces the listing of its latest exchange-traded product, the Virtune Coinbase 50 Index ETP, on Nasdaq Stockholm traded in SEK. This listing marks a major milestone for Virtune’s continued growth in its home market and reinforces its position as a leading issuer of regulated, physically backed crypto ETPs in the Nordics.

    The product is now available to Swedish and Nordic investors via brokers and banks such as Avanza, Nordnet, SAVR and Montrose and is traded in SEK.

    Virtune has worked closely with Coinbase since its inception, collaborating across all key areas – staking, trading, and custody. The launch of the Virtune Coinbase 50 Index ETP marks the next step in strengthening this partnership. It is the world’s first exchange-traded product to track the Coinbase 50 Europe Index – a broadly diversified benchmark of up to 50 leading crypto assets. The index is developed by Coinbase and administered by MarketVector Indexes™. The ETP currently holds 21 crypto assets, with the target to expand to all 50 assets pending regulatory and exchange approvals.

    The Coinbase 50 Europe Index aims to provide investors with representative exposure to the most significant and relevant digital assets in the market. The product is tailored for both institutional and retail investors seeking regulated, transparent, and professional exposure to the crypto market.

    Allocation as of 15th of July 2025:

    https://www.virtune.com/product/vcoin50

    Christopher Kock, CEO of Virtune:

    “Listing our Coinbase 50 Index ETP on Nasdaq Stockholm marks a significant milestone in our mission to provide secure and regulated access to digital assets investments in Sweden and the Nordics. We are thrilled to bring this flagship product to our home market, allowing investors to trade it in SEK on Nasdaq Stockholm.”

    The Virtune Coinbase 50 Index ETP is 100% physically backed by the underlying crypto assets, securely stored in cold-storage with Coinbase, and carries a competitive annual management fee of 0.95%.

    Learn more about the product here: www.virtune.com/product/vcoin50

    About Coinbase: 

    Crypto creates economic freedom by ensuring that people can participate fairly in the economy, and Coinbase (NASDAQ: COIN) is on a mission to increase economic freedom for more than 1 billion people. We’re updating the century-old financial system by providing a trusted platform that makes it easy for people and institutions to engage with crypto assets, including trading, staking, safekeeping, spending, and fast, free global transfers. We also provide critical infrastructure for onchain activity and support builders who share our vision that onchain is the new online. And together with the crypto community, we advocate for responsible rules to make the benefits of crypto available around the world.

    Brett Tejpaul, Head of Coinbase Institutional: 

    “With the launch of the Virtune Coinbase 50 Index ETP in Nordics, we’re making one of the most comprehensive benchmarks for the crypto market directly accessible to investors across the Nordics. This marks a major step forward in our mission to expand global access to digital assets and provide institutional-grade tools for navigating this evolving asset class. The introduction of this ETP reinforces our commitment to bridging traditional financial infrastructure with the growing demand for regulated, secure exposure to the digital economy.”

    About MarketVector:

    MarketVector Indexes™ (“MarketVector”) is a regulated Benchmark Administrator in Europe, incorporated in Germany and registered with the Federal Financial Supervisory Authority (BaFin). MarketVector maintains indexes under the MarketVector™, MVIS®, and BlueStar® names. With a mission to accelerate index innovation globally, MarketVector is best known for its broad suite of Thematic indexes, a long-running expertise in Hard Asset-linked Equity indexes, and its pioneering Digital Asset index family. MarketVector is proud to be in partnership with more than 25 Exchange-Traded Product (ETP) issuers and index fund managers in markets throughout the world, with more than USD 57 billion in assets under management.

    Martin Leinweber, Director, Digital Asset Research and Strategy, MarketVector: 

    “The Virtune Coinbase 50 Index ETP marks a significant step forward for crypto investment in Europe, offering broad, institutional-grade exposure to digital assets through a single, efficient product. This milestone combines MarketVector’s index expertise, Coinbase’s market infrastructure, and Virtune’s transparent, regulated approach. We’re proud to deepen our partnership with Virtune by becoming the index provider for their entire range of crypto ETPs across Europe. Together, we’re delivering the tools institutional and retail investors need to navigate the digital asset landscape with greater confidence and clarity.”

    Key Information about the Product:

    • Exposure: Up to 50 leading crypto assets in a single product
    • Underlying assets: 100% physically backed by the underlying crypto assets
    • Custody: Institutional-grade custody by Coinbase
    • Management fee: 0.95% per annum
    • Trading currency: SEK
    • First day of trading on Nasdaq Stockholm: Monday, July 14, 2025
    • Bloomberg Ticker: VCOIN50
    • ISIN: SE0024738389
    • WKN: A4A5D4
    • Exchange ticker: VCOIN50
    • Exchanges: Nasdaq Stockholm, Nasdaq Helsinki, Deutsche Börse Xetra, Euronext Amsterdam, Euronext Paris

    For inquiries, please contact:

    Christopher Kock, CEO & Member of the Board of Directors
    +46 70 073 45 64
     christopher@virtune.com

    About Virtune AB (Publ):

    Virtune, headquartered in Stockholm, is a regulated Swedish digital asset manager and issuer of crypto exchange-traded products on regulated European exchanges. Through regulatory compliance, strategic partnerships, and a highly experienced team, Virtune empowers global investors to access innovative and professional investment products aligned with the evolving global crypto market.

    Cryptocurrency investments are associated with high risk. Virtune does not provide investment advice. Investments are made at your own risk. Securities may increase or decrease in value, and there is no guarantee that you will recover your invested capital. Please read the prospectus, KID, terms at www.virtune.com.. The Coinbase 50 Europe Index (“Index”) is the exclusive property of MarketVector Indexes GmbH (“MarketVector”) and its Licensors and has been licensed for use by Virtune AB (Publ) (“Licensee”). MarketVector has contracted with CC Data Limited to maintain and calculate the Index. CC Data Limited uses its best efforts to ensure that the Index is calculated correctly. Irrespective of its obligations towards MarketVector, CC Data Limited has no obligation to point out errors in the Index to third parties. In particular, MarketVector is not responsible for the Licensee and/or for Licensee’s legality or suitability and/or for Licensee’s business offerings. Offerings by Licensee, may they be based on the Virtune Coinbase 50 Europe ETP (“Product”) or not, are not sponsored, endorsed, sold, or promoted by MarketVector and any of its affiliates, and MarketVector and any of its affiliates make no representation regarding the advisability of investing in Licensee and/or in Licensee’s business offerings. MARKETVECTOR AND ANY OF ITS AFFILIATES AND ANY OF ITS LICENSORS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO LICENSEE.

    The MIL Network

  • MIL-OSI Asia-Pac: CS visits Heilongjiang Province (with photos/video)

    Source: Hong Kong Government special administrative region

        The Chief Secretary for Administration, Mr Chan Kwok-ki, arrived in Harbin, Heilongjiang Province yesterday afternoon (July 15), to continue his visit.

        Mr Chan met with the Secretary of the CPC Heilongjiang Provincial Committee, Mr Xu Qin, to exchange views on deepening co-operation between Hong Kong and Heilongjiang Province. Mr Chan said that over the past year, Hong Kong and Heilongjiang have had mutual engagements, close exchanges and co-operation efforts that have reached an unprecedented level. At the Heilongjiang-Hong Kong Investment Cooperation Conference held in Hong Kong in March this year, the two places signed Memoranda of Understanding for strengthening co-operation on education, economics and trade, culture and tourism, sports and youth, and other fields, breaking new ground and laying a solid foundation for future co-operation. He said that Hong Kong possesses the unique advantages under the “one country, two systems” principle and a business environment that is highly market-oriented and internationalised, underpinned by the rule of law and an array of global professional talent and services. Mr Chan said he eagerly looks forward to deepening co-operation in all aspects between Hong Kong and Heilongjiang, complementing each other’s strengths,and achieving mutual benefits to make greater contributions to building a great country and realising the rejuvenation of the Chinese nation.

        Afterwards, Mr Chan attended the launch ceremony of the Hong Kong Patriotic Education Heilongjiang Study Tour under the Strive and Rise Programme. On behalf of the Hong Kong Special Administrative Region (HKSAR) Government, he expressed gratitude to the Heilongjiang Provincial Government for its strong organisational support work for the study tour, which travelled to and from Harbin by chartered flights arranged by Greater Bay Airlines. With over 130 participants, this study tour is the largest tour in scale since the launch of the Strive and Rise Programme. Mr Chan said at the event that given the rapid advancements in the country’s science and technology sectors, Heilongjiang Province has also developed various high-tech industries. He encouraged the participants to engage in different activities on the study tour to deepen the understanding of the country’s history, culture and economic development, and experience fascinating technological innovations. These will help the participants set goals for their future and strive for upward mobility.

        This morning (July 16), Mr Chan and members of the study tour visited the Exhibition Hall of Evidences of Crime Committed by Unit 731 of the Japanese Imperial Army, which is one of the first batch of 100 demonstration bases for patriotic education in the country. The visit allowed the participants to gain a deeper understanding of the crimes of Unit 731 through the displayed objects, pictures, archives, multimedia materials etc. Mr Chan said that this year marks the 80th anniversary of victory in the War of Resistance, and the exhibition hall is an important place for patriotic education. He said he hopes that members of the study tour will take this opportunity to gain a deeper understanding of the hardships in national development and building a strong nation, cultivate a deeper and firmer patriotic sentiment through recognising historical facts, and consciously shoulder the responsibility of safeguarding national security.

        In the afternoon, Mr Chan met with the Secretary of the CPC Harbin Municipal Committee, Mr Yu Hongtao. They exchanged views on promoting exchanges and co-operation in various aspects between the two places in the future. Noting that Harbin has been added as one of the Mainland cities eligible for the Individual Visit Scheme since May last year, and that direct flights between Hong Kong and Harbin have been launched, Mr Chan said that the partnerships between the two places have become closer. He expressed his hope for the two cities to work together to explore more co-operation opportunities. In addition, Mr Chan mentioned that the HKSAR Government is steadfastly carrying out the work of patriotic education, including organising more Mainland exchange and study tours. He said he expected more Hong Kong young people to visit Harbin for exchanges and study, with an aim of enhancing Hong Kong young people’s sense of identity with, sense of belonging to, and pride towards the country.

        Mr Chan will conclude his visit and return to Hong Kong this afternoon.

    MIL OSI Asia Pacific News

  • MIL-OSI: Q1 Trading Statement for the three months ended 30 June 2025

    Source: GlobeNewswire (MIL-OSI)

         
         
      Intermediate Capital Group plc

    16 July 2025

    Q1 Trading Statement for the three months ended 30 June 2025

    Highlights

    • AUM of $123bn; fee-earning AUM of $82bn; AUM not yet earning fees of $19bn
    • Fee-earning AUM up 4%1 in the quarter, up 11%1 year-on-year
    • Fundraising in the quarter of $3.4bn, driven by Europe IX ($1.5bn / €1.3bn) and Infrastructure Europe II ($1.2bn / €1.0bn). Focus from LPs on liquidity and investment performance is continuing to drive manager selection
    • Infrastructure Europe has shown strong momentum into its final close, with Fund II receiving substantially more client capital than the prior vintage: at 30 June 2025 Infrastructure Europe II had a Total Fund Size of €2.5bn (Fund I: €1.5bn), and we expect to close a further €0.6bn before the end of the current quarter, reaching the hard cap for the strategy
    • Europe IX has had an impressive start to the fundraise, with global demand from current and new clients attracted by the strategy’s track record of private equity-like returns with downside protection and high DPI. At 30 June 2025 the Total Fund Size was €5.8bn (Europe VIII: €8.1bn)
    • Investment landscape remains very attractive for a number of strategies, including structured capital, secondaries and real assets equity
    • FY25 Sustainability and People Report published in June 2025, available here

    Unless otherwise stated the financial results discussed herein are on the basis of alternative performance measures (APM) basis; see full year results
    1 On a constant currency basis

     

    PERFORMANCE REVIEW

      AUM        
          Growth1
        30 June 2025 Last three months Year-on-year Last five years (CAGR)
      AUM $123bn         3%                 15%                 18%        
      Fee-earning AUM $82bn         4%                 11%                 14%        
               
      1 On a constant currency basis
      Business activity                
                       
      $bn Fundraising   Deployment1   Realisations1,2
      Q1 FY26 LTM   Q1 FY26 LTM   Q1 FY26 LTM
      Structured Capital and Secondaries 1.9 13.3   1.0 9.8   0.4 2.0
      Real Assets 1.3 3.2   0.5 2.7   0.3 1.6
      Debt3 0.2 5.8   1.3 3.8   0.4 3.9
      Total 3.4 22.3   2.8 16.3   1.1 7.5
                       
      1 Direct investment funds; 2 Realisations of fee-earning AUM; 3 Includes Deployment and Realisations for Private Debt only.

    PERIOD IN REVIEW

    AUM and FY26 fundraising

    At 30 June 2025, AUM stood at $123bn, fee-earning AUM at $82bn and dry powder at $34bn. The bridge between AUM and fee-earning AUM is as follows:

    $m Structured Capital and Secondaries Real Assets Debt Seed investments Total
    Fee-earning AUM 39,347 9,375 33,472   82,194
    AUM not yet earning fees 3,278 1,187 14,639 19,104
    Fee-exempt AUM 10,686 5,918 1,393 17,997
    Balance sheet investment portfolio1 2,412 563 (53) 360 3,282
    AUM 55,723 17,043 49,451 360 122,577
    1 Includes elimination of $657m (£479m) within Credit due to how the balance sheet investment portfolio accounts for and invests into CLO’s managed by ICG and its affiliates

    AUM of $123bn

    AUM ($m) Structured Capital and Secondaries Real Assets Debt Seed investments Total
    At 1 April 2025 51,499 12,922 47,557 379 112,357
    Fundraising 1,933 1,355 154 3,442
    Other additions1 202 2,050 75 2,327
    Realisations (471) (233) (585) (1,289)
    Market and other movements 2,607 889 2,218 5,714
    Balance sheet movement (47) 60 32 (19) 26
    At 30 June 2025 55,723 17,043 49,451 360 122,577
    Change $m 4,224 4,121 1,894 (19) 10,220
    Change %         8%                 32%                 4%                 (5)        %         9%        
    Change % (constant exchange rate)         3%                 21%                 (1)        %         —                 3%        
    1 Other additions within Real Assets includes $1.9bn non fee-eligible leverage capacity within certain Real Estate strategies

    Fee-earning AUM of $82bn

    Fee-earning AUM ($m) Structured Capital and Secondaries Real Assets Debt Total
    At 1 April 2025 36,086 7,711 31,330 75,127
    Funds raised: fees on committed capital 1,470 1,242 2,712
    Deployment of funds: fees on invested capital 281 162 1,235 1,678
    Total additions 1,751 1,404 1,235 4,390
    Realisations (456) (279) (774) (1,509)
    Net additions / (realisations) 1,295 1,125 461 2,881
    Stepdowns
    FX and other 1,966 539 1,681 4,186
    At 30 June 2025 39,347 9,375 33,472 82,194
    Change $m 3,261 1,664 2,142 7,067
    Change %         9%                 22%                 7%                 9%        
    Change % (constant exchange rate)         4%                 13%                 1%                 4%        

    FY26 fundraising1

    At 30 June 2025, closed-end funds and associated SMAs that were actively fundraising2 included Europe IX, Asia-Pacific Infrastructure I and Real Estate equity. We anticipate launching LP Secondaries II during FY26.

    1 The timings of launches and closes depend on a number of factors, including the prevailing market conditions
    2 Excluding Credit (CLOs and Liquid Credit)

     
    Balance sheet

    • Balance Sheet Investment Portfolio valued at £2.9bn
    • Total available liquidity of £1.1bn (FY25: £1.1bn) and net financial debt of £477m (FY25: £629m)

    FOREIGN EXCHANGE RATES

      Average rate Period end
      Q1 FY25 Q1 FY26 31 March 2025 30 June 2025
    GBP:EUR 1.1753 1.1759 1.1944 1.1652
    GBP:USD 1.2626 1.3507 1.2918 1.3732
    EUR:USD 1.0743 1.1488 1.0815 1.1785

    COMPANY TIMETABLE

    Half year results announcement 13 November 2025

    ENQUIRIES

    Shareholders and debtholders / analysts:  
    Chris Hunt, Head of Corporate Development and Shareholder Relations, ICG +44(0)20 3545 2020
    Media:  
    Clare Glynn, Head of Corporate Communications, ICG +44(0)79 3435 7794

    This results statement may contain forward looking statements. These statements have been made by the Directors in good faith based on the information available to them up to the time of their approval of this report and should be treated with caution due to the inherent uncertainties, including both economic and business risk factors, underlying such forward looking information.

    ABOUT ICG

    ICG (LSE: ICG) is a global alternative asset manager with $123bn* in AUM and more than three decades of experience generating attractive returns. We operate from over 20 locations globally and invest our clients’ capital across Structured Capital; Private Equity Secondaries; Private Debt; Credit; and Real Assets.

    Our exceptional people originate differentiated opportunities, invest responsibly, and deliver long-term value. We partner with management teams, founders, and business owners in a creative and solutions-focused approach, supporting them with our expertise and flexible capital. For more information visit our website and follow us on LinkedIn.

    *As at 30 June 2025.

    The MIL Network

  • MIL-OSI: Bitget Launchpool to List Eclipse (E) with over 1.5M in Token Rewards

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, July 16, 2025 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange, and Web3 company has announced the listing of Eclipse (ES) in the Innovation Zone, for spot trading. Besides being available for spot trading, Bitget will launch an exclusive Launchpool rewards campaign with up to 1,511,494 ES up for grabs.

    Spot trading for Eclipse (ES) under the ES/USDT trading pair will begin on 16 July 2025, 10:00 (UTC) with withdrawals will be available starting 17 July 2025, 11:00 (UTC).

    To celebrate the listing, Bitget will launch a Launchpool campaign offering 1,295,600 ES in total rewards. Eligible users can participate by locking either BGB or ES tokens during the event, which runs from 17 July 2025, 10:00 to 21 July 2025, 10:00 (UTC). In the BGB pool, users can lock between 5 and 50,000 BGB, with maximum limits determined by their VIP tier, for a chance to earn a share of 1,261,000 ES. In the ES pool, participants can lock between 8 and 800,000 ES to receive a portion of 34,600 ES in rewards.

    Additionally, Bitget will launch a CandyBomb campaign with 166,000 ES available through a trading-based airdrop. Of the total, 99,600 ES will be allocated to the ES trading pool, while 66,400 ES will be available in the combined BTC, SOL, and ES trading pool.

    Bitget will also run an X Giveaway, where 750 qualified users will have the chance to win a share of 24,947 ES. The campaign runs from 16 July 2025, 10:00 to 23 July 2025, 10:00 (UTC). To participate, users must follow Bitget and Eclipse on X, quote the giveaway post with the hashtag #ESlistBitget, tag a friend, sign up, deposit or trade ES on Bitget, and complete the form linked in the post.

    In addition, a community campaign will run during the same period, offering another 24,947 ES to be shared among 750 qualified users. To join, users need to become members of both the Bitget Discord and BGB Holders Group, sign up, make a net deposit of over 100 USDT, and complete any ES/USDT spot trade.

    Eclipse is a modular L2 network built to deliver fast, low-cost, and scalable blockchain performance by integrating the strengths of multiple ecosystems. It leverages Ethereum for settlement, the Solana Virtual Machine (SVM) for speed, Celestia for data availability, and RISC Zero for zero-knowledge proofs. Positioning it to address the blockchain trilemma of scalability, security, and decentralization. With its developer-friendly design, Eclipse is optimized for high-performance use cases, from high-frequency DeFi transactions to complex decentralized applications, offering a seamless experience without compromising on speed or efficiency.

    Bitget continues to solidify its role as a top-tier cryptocurrency exchange, offering over 800 listed tokens across spot and derivatives markets. The addition of Eclipse to Launchpool aligns with Bitget’s ongoing effort to support innovative projects whose value continues to evolve the ecosystem.

    Find more details on Eclipse, visit here.

    About Bitget

    Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 120 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin priceEthereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a leading non-custodial crypto wallet supporting 130+ blockchains and millions of tokens. It offers multi-chain trading, staking, payments, and direct access to 20,000+ DApps, with advanced swaps and market insights built into a single platform.

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

    Aligned with its global impact strategy, Bitget has joined hands with UNICEF to support blockchain education for 1.1 million people by 2027. In the world of motorsports, Bitget is the exclusive cryptocurrency exchange partner of MotoGP™, one of the world’s most thrilling championships.

    For more information, visit: WebsiteTwitterTelegramLinkedInDiscordBitget Wallet

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

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

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2be7c95b-4d40-4d41-be8b-b35d7e57d9aa

    The MIL Network

  • MIL-OSI Asia-Pac: LCQ4: Measures to cope with economic downturn

    Source: Hong Kong Government special administrative region

         Following is a question by the Hon Paul Tse and a reply by the Acting Secretary for Financial Services and the Treasury, Mr Joseph Chan, in the Legislative Council today (July 16):

    Question:

         It has been reported that 300 enterprises in Hong Kong have ceased operation over the first half of this year. Quite a number of enterprises are facing cash flow difficulties, and some are even having their loan called in by the bank (an operation commonly known as “call loan”). Many members of the business sector are worried that, once unable to reverse the fiscal deficit, the Government will raise taxes significantly. Some academics have projected that the Government may need to raise the salaries tax rate to 26.5 per cent before fiscal balance can hopefully be achieved. Against a backdrop of uncertain economic prospects, instability in work income, and substantial increase in living and tax expenses, the public’s investment confidence and desire for consumption have been directly suppressed. In this connection, will the Government inform this Council:

    (1) whether it has examined if there are signs that the Government’s fiscal deficit has narrowed since the release of this year’s Budget and if there is room to reduce bond issuance volumes in the future;

    (2) in the light of the aforesaid worries of the business sector and members of the public about the economy and tax hikes, what policies or measures are put in place by the authorities to stabilise the confidence of various sectors; whether it can explicitly commit to not raising taxes; and

    (3) as it has been reported that a certain major property developer and a number of small and medium-sized developers in Hong Kong are facing operational crises, with some even defaulting on debts and being on the verge of closure, and foreign media have even described a certain major developer as “too big to fail”, so much so that in the event of a closure, it stands to pose a serious crisis to local banks, whether the Government has assessed the negative impact on the banking system, economic structure, unemployment rate, public confidence in investment, consumer sentiment and even government revenue in the event of successive closures of developers, and whether it has formulated counter-measures?

    Reply:

    President,

         Regarding the question raised by the Hon Paul Tse, I will first give a brief account of the latest developments of Hong Kong’s overall economic situation and the Government’s public finance strategies.

         The Hong Kong economy grew solidly. Real gross domestic product rose by 2.5 per cent in the full year of 2024 and the year-on-year increase in the first quarter of 2025 is 3.1 per cent, which is significantly higher than the 1.5 per cent average growth of G7 countries in the first quarter of 2025. As regards the stock market, the Hang Seng Index surged by a cumulative 20 per cent in the first half of the year. Our stock market trading as well as initial public offering was active. The average daily turnover for the first half of the year was around $240.2 billion, an increase of 118 per cent when compared with the same period last year. More than $107 billion was raised in the first half of the year, approximately 22 per cent more than the full-year total for last year and ranking first globally in the year-to-date. Nevertheless, certain sectors, such as traditional retail and catering, are still facing greater challenges due to changing consumption patterns of visitors and residents.

         On public finances, the 2025-26 Budget outlined a reinforced fiscal consolidation programme, focusing primarily on expenditure control, supplemented by revenue generation, to gradually restore balance to government accounts. According to the Medium Range Forecast (MRF), the Government’s Operating Account will largely achieve balance in 2025-26 and return to a surplus starting from 2026-27. The Capital Account is estimated to record a deficit in the MRF period due to the accelerated development of the Northern Metropolis and other capital works projects relating to the economy and people’s livelihood. Nevertheless, the level of deficit will decline year-on-year from 2026-27 onwards. After taking account of net proceeds from the issuance of bonds, the Consolidated Accounts will return to a surplus starting from 2028-29.

         As the question raised by Hon Paul Tse covers a wide range of issues, we have prepared a reply in consultation with the relevant bureaux and the Hong Kong Monetary Authority (HKMA) as follows:

    (1) Fiscal deficit and size of bond issuance

         A consolidated deficit of $67 billion is expected for this financial year. Due to the fact that some major types of revenue including salaries and profits taxes are mostly received towards the end of a financial year, it is premature at this juncture to project our full-year financial results. Nevertherless, the increase in trading volume of the stock market in the first half of the year has led to an increase in stamp duty revenue, rendering support to our public finances. Regarding the size of bond issuance, we have planned to issue a total of about $150 billion to $195 billion worth of bonds per annum under the Government Sustainable Bond Programme and the Infrastructure Bond Programme in the next five years. The size of bond issuance for the current financial year is estimated to be $150 billion. We have no intention to change this target at the present stage.

    (2) Economic and tax policy

         The Government has all along been adopting a multi-pronged approach to assist enterprises in meeting the challenges of economic restructuring, with a view to reinforcing their confidence in pursuing business development. As regards cash flow pressure, the Government helps small and medium enterprises (SMEs) obtain commercial loans by providing loan guarantees through the SME Financing Guarantee Scheme. Moreover, in the light of market and technological development trends, the Government supports enterprises (particularly SMEs) through Dedicated Fund on Branding, Upgrading and Domestic Sales (BUD Fund), including its E-commerce Easy, the Export Marketing and Trade and Industrial Organisation Support Fund, etc, in upgrading and transformation, as well as tapping into the Mainland and overseas markets.

         It must be emphasised that the Government did not raise taxes substantially in the past few years, and has no plan to raise taxes substantially at present. The reinforced fiscal consolidation programme outlined in this year’s Budget also focuses primarily on expenditure control, to be supplemented by revenue generation. On identifying new revenue sources, our principles are to maintain the competitiveness of Hong Kong’s simple and low tax regime by avoiding considerable increase in tax rates or introduction of new taxes, and to uphold the “user pays” and “affordable users pay” principles as far as practicable whilst increasing revenue. The simple and low tax policy that Hong Kong has all alone been pursuing is one of Hong Kong’s core competitiveness. In the latest World Competitiveness Yearbook 2025 published by the International Institute for Management Development, Hong Kong’s competitiveness ranks third globally, in which Hong Kong tops the ranking in “tax policy”. Meanwhile, the Government continues to make strategic use of tax measures in different areas to promote the development of our industries and economic diversification, as well as to enhance Hong Kong’s business environment and competitiveness. As announced in this year’s Budget, we will provide half-rate tax concession for eligible commodity traders to drive the development of maritime services. It is also our plan to formulate proposals on the preferential tax regimes for funds, single family offices and carried interest this year to foster the development of the asset and wealth management industries.

    (3) Property related loans’ impact on banking system

         The HKMA has been closely monitoring the healthy development of Hong Kong’s banking sector. The Total Capital Ratio of locally-incorporated banks and the average Liquidity Coverage Ratio of the major banks were 24.2 per cent and 182.5 per cent respectively as at end-March this year, well above international standards. Overall, the credit risk associated with local property development and investment loans is manageable. A significant portion of the Hong Kong banks’ exposures relating to local property development and investment loans are to the large players with relatively good financial health. For exposures to small and medium-sized local property developers and investors, including some with weaker financials or higher gearing, banks have already taken credit risk mitigating measures early on, and most of these loans are secured. Besides, there is no concentration of risks at individual borrower level.

         The overall asset quality of the banking system is manageable and provisions remain sufficient. The provision coverage ratio (i.e. total of general and specific provisions as a percentage of non-performing loans) stand at around 60 per cent as at end-March this year. If taking into account and deducting the market value of collateral from the non-performing loans, the adjusted provision coverage ratio would be about 145 per cent. The HKMA will strive to maintain a sound banking system by continuing to keep a close watch on the global economic and trade conditions as well as the development of and risk changes in the real estate market, and maintaining close communication with the banking sector.

         Thank you, President.

    MIL OSI Asia Pacific News

  • MIL-OSI United Nations: UNESCO report warns of extracting activities near World Heritage sites

    Source: UNESCO World Heritage Centre

    UNESCO, the Church of England Pensions Board, Greenbank, the International Union for Conservation of Nature, and the World Wildlife Fund call on investors to adhere to industry commitments and ensure World Heritage Site protection.

    UNESCO and its partners today released a report which shows the extent to which extractive industries are encroaching upon UNESCO World Heritage sites.

    The report, “Extractive Activities in UNESCO World Heritage Sites: Commitments, Risks and Investment Implications”, offers the most comprehensive analysis to date on the presence and proximity of areas licenced for oil, gas, and mineral exploration and production in and around some of the world’s most treasured cultural and natural heritage sites.

    Jointly released by UNESCO, the Church of England Pensions Board, Greenbank, the International Union for Conservation of Nature (IUCN), and the World Wildlife Fund (WWF), the report also emphasizes the critical role investors can play in assessing their risk exposure and influencing extractive companies’ practices. The data and analysis in the report help investors identify and manage the risks, aligning their investment decisions with global heritage protection commitments.

    In addition, the report outlines several ways investors can identify, assess, and respond to risks arising from operations within and near UNESCO World Heritage sites. These guidelines rely on UNESCO policy standards, focusing on how investors can integrate these standards into their own processes.

    “World Heritage sites support millions of livelihoods through tourism, agriculture, and other vital sectors. Oil, gas, and mining companies – and their investors – have a crucial role to play in safeguarding these irreplaceable places from harm.”

    Extractive activities in UNESCO World Heritage sites

    Commitments, risks and investments implications

    Dowload the full report

    English

    Protected, but not safe

    According to the report, companies currently hold oil, gas, and mining assets – licensed areas for exploration or production – in 97 of the 266 assessed natural UNESCO World Heritage sites, representing 36 per cent of sites. These include mining claims in 58 sites, oil and gas wells in 27, awarded oil and gas blocks in 25, oil and gas bid blocks in 14, and mining projects in 10. More than 800 individual assets overlapping with natural and mixed sites have been identified worldwide, impacting every region.

    Updating a similar spatial analysis conducted by WWF in 2015, the report finds that more than half of the sites previously identified as affected by extractive overlaps remain so today, indicating persistent and unresolved pressure.

    The risks extend beyond the boundaries of sites themselves. Nearly half (48 percent) of natural sites lie within one kilometre of extractive activity, and 73 per cent are within 20 kilometres, placing them at increased risk of pollution, habitat destruction, and cultural disruption.

    For the first time, the report also evaluates risks to cultural World Heritage sites and  reveals that 17 per cent of them – 158 out of 925 – are within 500 metres of extractive activity. Oil and gas activities are found near 124 cultural sites, while mining activities affect 45.

    Natural World Heritage sites are among nature’s most precious gifts to humanity yet, despite their status, they are still coming under ongoing pressure from oil, gas and mining companies. As hotspots of biodiversity and culture, these sites can help support sustainable development and tackle climate change – we should not put them at risk.

    Extractives in World Heritage sites is an investment risk

    The overlap between extractive activities and World Heritage sites presents a serious investment risk as companies operating in sensitive locations face growing scrutiny from regulators, shareholders, civil society and the public. This can lead to project delays, fines, reputational damage, and even operational shutdowns, all of which can impact profit margins and undermine long-term investment value.

    The report urges investors and extractive companies to avoid operating in or near these high-risk areas and to ensure that their activities comply with internationally recognized environmental and social standards, including UNESCO’s guidance supporting the World Heritage ‘no-go’ commitment.

    “Investors must act as responsible stewards of capital by ensuring the companies they finance do not put World Heritage sites at risk. This is not just a conservation issue – it’s a matter of long-term financial and reputational risk investors need to manage.”

    A critical opportunity and a shared responsibility

    Despite the risks, a window of opportunity remains. Most of the identified extractive assets are still in the forms of claims and concessions rather than active mines or oil and gas wells. This provides a crucial chance to take preventive action before operations begin and irreversible damage occurs.

    Strong national legal protections, comprehensive impact assessments, and greater transparency of extractive licensing processes are essential. Licences that overlap with or threaten areas of high conservation value should be responsibly phased out.

    “Extractive activities have long been recognized as fundamentally incompatible with World Heritage status. It is essential that governments, investors, and companies respect these sites as off-limits to oil, gas and mineral concessions and operations.”

    To prevent harm to World Heritage sites, investors must integrate spatial, financial and reputational risks into their investment policies and decision-making. A growing number of companies and organizations have already taken this step, following the example of the International Council on Mining and Metals (ICMM), which was the first to adopt a World Heritage ‘no-go’ commitment.

    “We believe investors have a responsibility to recognise where clear limits to economic activities must be drawn and to support companies that operate with care and responsibility. At its heart, this is about protecting what cannot be replaced.”


    UNESCO thanks the Government of Flanders (Kingdom of Belgium) for its support in strengthening corporate sector engagement in the protection of World Heritage. Learn more at: https://whc.unesco.org/en/no-go-commitment/


    About UNESCO and the World Heritage Convention

    The United Nations Educational, Scientific and Cultural Organization (UNESCO) is a specialized agency of the United Nations dedicated to strengthening our shared humanity through the promotion of education, science, culture, and communication. It seeks to encourage the identification, protection and preservation of cultural and natural heritage around the world considered to be of outstanding value to humanity. This is embodied in an international treaty called the Convention concerning the Protection of the World Cultural and Natural Heritage, adopted by UNESCO in 1972.

    About the Church of England Pensions Board

    The Church of England Pensions Board provides retirement services to those who serve or work for the Church, managing pension schemes for over 43,000 members across 700 Church organizations. Managing around £3.4 billion in funds, it invests responsibly and sustainably for the long term to meet pension commitments. Guided by the ethics of the Church of England, it actively engages with companies and sectors to drive positive change alongside other investors, focusing on issues important to its members and their future. Find out more on their investment policy here.

    About Greenbank

    Greenbank provides investment management services for private investors, trusts and charities, and has been helping to drive change in finance, business and society through ethical and sustainable investment for over 20 years. As the sustainable investment specialists within Rathbones Group, Greenbank strives to be the natural home for investors seeking to align their investments with their values, providing sustainable investment as a standard, not an add on.

    About IUCN

    IUCN is the global authority on the state of the natural world and the measures needed to safeguard it. IUCN brings together 1,500 government and civil society members, over 17,000 affiliated experts, while also helping businesses implement practices that conserve nature and benefit people. Since 1972, IUCN has served as the official Advisory Body on nature under the World Heritage Convention, leading the technical evaluation of new nominations, monitoring existing sites, and supporting conservation action through our global network and granting tools. Learn more about IUCN’s World Heritage work here.

    About WWF

    WWF is an independent conservation organization, with over 35 million followers and a global network active through local leadership in over 100 countries. Its mission is to stop the degradation of the planet’s natural environment and to build a future in which people live in harmony with nature, by conserving the world’s biological diversity, ensuring that the use of renewable natural resources is sustainable, and promoting the reduction of pollution and wasteful consumption. Find out more at wwf.panda.org.

    MIL OSI United Nations News

  • MIL-OSI: Interim report for Q2

    Source: GlobeNewswire (MIL-OSI)

    Guidance for pre-tax profit lifted by DKK 100 million supported by a solid insurance service result and improvement in the underlying business in Q2

    • Guidance for the insurance service result is lifted by DKK 50 million to DKK 1.6-1.8 billion excluding H2 run-offs.
    • Guidance for the investment result is lifted by DKK 50 million to DKK 250 million.
    • The insurance service result was a profit of DKK 520 million in Q2 2025 (DKK 312 million), which is the highest result realised to date. The result was driven by highly satisfactory premium growth, an improved claims experience and favourable developments in the expense ratio.
    • Insurance revenue grew at a highly satisfactory rate of 8% to DKK 2,950 million (DKK 2,725 million), driven in particular by strong premium growth of 11% in Personal Lines.
    • The undiscounted underlying claims experience improved by 5.2 percentage points to 62.2, driven by growth in both Personal Lines and Commercial Lines and reflecting, among other things, the results of profitability-enhancing measures and synergy gains.
    • The combined ratio was 82.3 (88.5), driven by fewer major claims, an improved underlying claims experience and a lower expense ratio.
    • The expense ratio improved significantly to 16.7 (18.0), reflecting the group’s objective of lowering the cost level.
    • The implementation of synergy initiatives is progressing according to plan and generated a positive accounting effect of DKK 151 million in Q2 2025.
    • Highly satisfactory investment result of DKK 102 million (DKK 65 million), with shares and bonds contributing favourably to the result.

    CEO Rasmus Werner Nielsen on the Q2 financial results:
    “We recorded a satisfactory performance in the second quarter, assisting customers with building, contents and motor claims in particular, and providing insurance advice to more than a quarter of a million customers in a period characterised by uncertainty on several fronts.

    In the second quarter, we once again onboarded many new customers, which contributed to the strong growth we recorded in insurance revenue. At the same time, we are on track to realise our ambitious plan to create a more efficient organisation and thereby strengthen our competitiveness for the benefit of our customers. The Q2 financial results underline the Group’s resilience, supported by satisfactory Personal and Commercial Lines, both contributing to the favourable development.

    Although the second quarter was characterised by relatively mild weather conditions, we continue our efforts to advise and assist our customers with protection against severe weather conditions in the future. Most recently, with the support of Alm. Brand Foreningen 1792, we launched a new offer to assist customers previously affected by weather-related claims with climate-proofing their houses.”

    This interim report and related materials are available at Alm. Brand Group’s investor website: Q2 2025

    Webcast and conference call
    Alm. Brand will host a conference call for investors and analysts today, Wednesday 16 July 2025 at 11:00 a.m. The conference call and presentation will be available on Alm. Brand Group’s investor website:

    Conference call dial-in numbers for investors and analysts (PIN: 490681):

    Denmark: +45 89 87 50 45
    UK: +44 20 3936 2999
    USA: +1 646 664 1960

    Link to webcast: Alm. Brand Group Q2 2025

    Contact
    Please direct any questions regarding this announcement to:

    Investors and equity analysts:                          

    Head of Investor Relations & ESG                    
    Mads Thinggaard                                
    Mobile no. +45 2025 5469               

    Press:                                                                                               

    Head of Communications and Media Relations
    Mikkel Luplau Schmidt
    Mobile no. +45 2052 3883

    Attachments

    The MIL Network

  • MIL-OSI: Production Temporarily Suspended at DNO Kurdistan Fields Following Explosions

    Source: GlobeNewswire (MIL-OSI)

    Oslo, 16 July 2025 – DNO ASA, the Norwegian oil and gas operator, reports that operations at its Tawke license in the Kurdistan region of Iraq have been temporarily suspended following three explosions early this morning, one involving a small storage tank at Tawke and the other involving surface processing equipment at Peshkabir. There have been no injuries. The damage assessment is underway and the Company expects to restart production once the assessment is completed.

    For further information, please contact:
    Media: media@dno.no
    Investors: investor.relations@dno.no

    DNO ASA is a leading Norwegian oil and gas operator active in the Middle East, the North Sea and West Africa. Founded in 1971 and listed on the Oslo Stock Exchange, the Company holds stakes in onshore and offshore licenses at various stages of exploration, development and production in the Kurdistan region of Iraq, Norway, the United Kingdom, Côte d’Ivoire and Yemen. More information is available at www.dno.no.

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

    The MIL Network