NewzIntel.com

Category: Finance

  • MIL-OSI Africa: Utility provides feedback on sale of Eskom Finance Company

    Source: Government of South Africa

    Friday, July 11, 2025

    Eskom and African Bank have signed agreements for the sale of Eskom Finance Company SOC Limited.

    “As announced in the Stock Exchange News Service (SENS) notice on 5 December 2024, Eskom Holdings SOC Ltd accepted a binding offer from African Bank Limited (African Bank) for the acquisition of Eskom Finance Company SOC Limited (EFC) staff home loan portfolio, related assets, and Eskom’s stake in Nqaba Finance 1 (RF) Limited (the Disposal).

    “The parties have now signed the sale agreements, satisfying a key condition of the transaction, along with several other preliminary requirements,” said Eskom.

    In December, the parties were in the process of concluding a sale and purchase agreement with the disposal being subject to various conditions precedent, including board and regulatory approvals.

    In an update on Thursday, the power utility said the milestone will see it and African Bank proceed to submit the necessary filings to the Competition Commission for regulatory approval.

    “Finalising the sale agreements marks a significant step in Eskom’s journey to streamline operations and focus on its core mandate. This transaction not only supports our strategic goals but also fulfils one of the conditions set by the National Treasury under the debt relief programme, which requires the disposal of non-core assets.

    “We appreciate the constructive engagement with African Bank and remain committed to ensuring a smooth transition that delivers value to our stakeholders,” said Eskom’s Chief Financial Officer, Calib Cassim.

    Eskom said it remains committed to transparent communication and will continue to update stakeholders as the transaction progresses. –SAnews.gov.za

    MIL OSI Africa –

  • MIL-OSI United Kingdom: Over £1bn in investment deals as UK-France launch new Industrial Strategy Partnership

    Source: United Kingdom – Executive Government & Departments

    Press release

    Over £1bn in investment deals as UK-France launch new Industrial Strategy Partnership

    The UK and France have launched a new Industrial Strategy Partnership following a successful UK-France Summit, where over £1 billion worth of investment deals into the UK have been confirmed.

    • New Partnership is first of its kind in Europe, boosting UK-France collaboration in key high growth sectors.   

    • Follows a successful UK-France Summit, where leading firms announced a billion pounds worth of investment creating thousands of highly skilled jobs.  

    • Deals are the latest vote of confidence and show the Plan for Change is working – as recent survey puts UK as joint-top global investment destination.   

    A new partnership between the UK and France will deepen economic collaboration and unlock billions in valuable investment into high growth-driving sectors – boosting the economy and delivering on the Plan for Change. 

    The announcement comes following yesterday’s 37th UK-France Summit, where leading French companies announced investments worth over £1 billion into the UK, creating thousands of highly-skilled jobs across the country – helping to put more money in people’s pockets. 

    This builds on the tidal wave of investment the government has welcomed into the UK since taking Office, worth over £100 billion, alongside 384,000 jobs created since the election. 

    The partnership forms part of the UK’s recent modern Industrial Strategy – a new approach that will create a more connected, high-skilled and resilient economy to kickstart an era of economic prosperity, the central mission in the government’s Plan for Change. 

    This partnership is a collaboration in key growth sectors including in technology, clean energy industries and advanced manufacturing, supporting a quicker green and digital transition and building our economic resilience to drive economic growth and innovation. 

    It advances a cross-Channel trade relationship worth £104 billion in 2024 and reaffirms the UK’s position as a global investment destination, the same week a Deloitte survey found that international finance leaders see the UK as the joint-most attractive destination when it comes to investment. 

    It also builds on the strong collaboration which already exists between the UK and France across vital areas including energy, aviation, tech and finance – all of which fall under the key growth sectors identified in the government’s modern Industrial Strategy. 

    Today’s announcement follows Wednesday’s roundtable attended by leading French and British firms hosted by the Chancellor Rachel Reeves, Business and Trade Secretary Jonathan Reynolds, French Economy, Finance and Industry Minister Eric Lombard and French Digital Affairs Minister Clara Chappaz.  

    Chancellor of the Exchequer Rachel Reeves said:  

    This is our first Industrial Strategy Partnership with a major European partner, and will combine our joint expertise across energy, advanced manufacturing, technology and more, helping deliver our Plan for Change by boosting growth to deliver more money in people’s pockets.

    Business and Trade Secretary Jonathan Reynolds said:

    This milestone is an exciting new chapter in our already strong relationship with France and will boost both countries’ key sectors by driving two-way innovation and investment, delivering on our Plan for Change.”  

    Our Modern Industrial Strategy is a 10-year plan to kickstart an era of economic prosperity and this partnership will serve as a welcome anchor at a time of significant geopolitical uncertainty. It is built on the best of foundations, with both our businesses and citizens sharing deep links.

    Today’s deals show that the UK is open for international companies to expand their businesses in a wide range of priority sectors, including:  

    • Veolia has announced a £70 million investment to transform an existing, disused industrial facility to a state-of-the-art plastics sorting and recycling facility in Shropshire, creating more than 130 local jobs. 

    • Thales, in conjunction with partners, is planning £40 million of AI-focussed R&D investment as part of its CortAIx UK AI Accelerator, which will employ 200 people. 

    • Comand AI are investing £35 million over the next five years to set up an office in the UK, in their first step to becoming a pan-European defence company.  

    • Pernod Ricard is investing a further £17.5 million in its Scotch whisky producer, Chivas Brothers, to create two new bottling lines at its Kilmalid site near Glasgow.   

    • LVMH will operate at least twenty Sephora stores by 2028, with a need of 800 additional recruitments.   

    • EDF confirmed earlier this week that thousands of UK jobs and apprenticeships will be created as it announced it will take a 12.5% stake in Sizewell C – in a major boost for UK growth and energy security. Assystem will double its nuclear workforce in the UK, creating 1,000 new engineering, digital and project management jobs. Urenco also signed a 15-year deal with EDF to produce fuel for nuclear power stations, supporting Urenco UK’s workforce of more than 1,400 people. 

    • French company Ardian has also in the last week finalised its acquisition of an additional 10% stake in London Heathrow as a gateway for growth with a further £888 million investment, taking their investment into the airport to £2.85 billion, supporting the site’s 80,000 jobs.  

    Business Secretary Jonathan Reynolds also met with French Economy, Finance and Industry Minister Éric Lombard yesterday, to discuss the importance of French investment in the UK and how this new partnership will enable more collaboration in key sectors such as clean energy, tech and economic resilience. 

    UK companies are also continuing to succeed in the French market, delivering on the government’s AI opportunities action plan, from capability to R&D. British tech unicorns are winning tens of millions of pounds in significant contracts with French corporates, driving jobs and growth at home. 

    This includes Synthesia’s new partnership with Decathlon to create a pioneering AI avatar lab, ElevenLabs’ collaboration with M6 and TV5 Monde, and Darktrace’s contract with GL Events, a French major events operator. BT is also connecting more than 80 French-headquartered companies including Alstom and Michelin in France, with operations totalling approximately £130 million last financial year. 

    The refresh of the Lancaster House defence partnership is also creating new opportunities in the UK’s aerospace and defence sectors, supporting over 2,750 highly skilled jobs and representing billions to the UK and French economies through joint export promotion and capability projects which benefit the UK’s defence industries, including MBDA and Airbus. 

    The agreement with France follows the Industrial Strategy Partnership committed to between the UK and Japan in March, preceding publication of the Strategy in June.

    Updates to this page

    Published 11 July 2025

    MIL OSI United Kingdom –

  • India’s creator economy set to shape a trillion-dollar future

    Source: Government of India

    Source: Government of India (4)

    At WAVES 2025, a new report by the Boston Consulting Group grabbed the spotlight, drawing the attention of policymakers, creators, and investors. The report revealed that India’s creator economy is already driving more than $350 billion in consumer spending, a number expected to exceed $1 trillion by 2030.

    Titled From Content to Commerce: Mapping India’s Creator Economy, the report paints a vivid picture of a nation in the midst of a creative and commercial boom. With 2 to 2.5 million active creators—defined as individuals with more than 1,000 followers—India is home to one of the world’s largest and youngest digital communities. But what’s most striking is the current monetization gap. Only 8 to 10 percent of these creators are earning meaningful income from their content, revealing a vast reserve of untapped potential that may well become the fuel for the next stage of India’s economic growth story.

    The report underscores the sweeping influence creators now hold over consumer decisions. Over 30 percent of purchases are directly shaped by digital content—ranging from short-form videos to long-format storytelling, tutorials, product reviews, and live streams. Comedy, film, fashion, and serials remain the dominant genres, but the expansion into new content territories like gaming, wellness, and finance is reshaping how India learns, shops, and interacts.

    What makes this shift even more profound is how it is transcending generational and geographic lines. No longer confined to Gen Z or urban metros, the creator ecosystem is reaching deep into smaller towns, regional markets, and older demographics. The emergence of multilingual creators and regional influencers has catalyzed a more inclusive digital marketplace—one that mirrors the real India in all its complexity and diversity.

    For brands and marketers, this evolution has not just altered strategies; it has flipped the entire funnel. Traditional advertising methods are being replaced or supplemented by more agile, creative, and targeted forms of engagement. Campaigns are now designed with creators at the core—allowing for faster content production, greater freedom of expression, and improved metrics through outcome-based testing. Virtual gifting, live commerce, subscription models, and fan-funded initiatives are rising as new revenue streams, giving creators both financial agency and deeper community ownership.

    WAVES 2025 served as the perfect launchpad for this new digital vision. With its ambitious scope covering media, technology, and storytelling, the summit highlighted how India’s creator economy is not merely an offshoot of the entertainment sector, it is the engine powering a new form of commerce and cultural diplomacy. As discussions ranged from AI in filmmaking to the future of AVGC (Animation, Visual Effects, Gaming, and Comics), one theme emerged with clarity: creators are not just influencing trends—they are shaping the market.

    Investors are recalibrating strategies to fund content-driven startups. Policy frameworks are being debated to offer protections and incentives for digital freelancers. Education platforms are rolling out creator economy courses. And most significantly, creators across India—from school-going influencers in Raipur to AI-powered illustrators in Chennai—are beginning to realize their role not just as entertainers, but as economic contributors.

    The trillion-dollar forecast is not a distant dream—it is a pathway already in motion. With the right mix of innovation, infrastructure, and inclusivity, India’s creator economy could become one of its most significant exports. And as the world turns its eyes toward this new digital juggernaut, one thing is certain: India is no longer just telling stories. It is rewriting the script of global influence—one post, one video, one idea at a time.

  • India’s creator economy set to shape a trillion-dollar future

    Source: Government of India

    Source: Government of India (4)

    At WAVES 2025, a new report by the Boston Consulting Group grabbed the spotlight, drawing the attention of policymakers, creators, and investors. The report revealed that India’s creator economy is already driving more than $350 billion in consumer spending, a number expected to exceed $1 trillion by 2030.

    Titled From Content to Commerce: Mapping India’s Creator Economy, the report paints a vivid picture of a nation in the midst of a creative and commercial boom. With 2 to 2.5 million active creators—defined as individuals with more than 1,000 followers—India is home to one of the world’s largest and youngest digital communities. But what’s most striking is the current monetization gap. Only 8 to 10 percent of these creators are earning meaningful income from their content, revealing a vast reserve of untapped potential that may well become the fuel for the next stage of India’s economic growth story.

    The report underscores the sweeping influence creators now hold over consumer decisions. Over 30 percent of purchases are directly shaped by digital content—ranging from short-form videos to long-format storytelling, tutorials, product reviews, and live streams. Comedy, film, fashion, and serials remain the dominant genres, but the expansion into new content territories like gaming, wellness, and finance is reshaping how India learns, shops, and interacts.

    What makes this shift even more profound is how it is transcending generational and geographic lines. No longer confined to Gen Z or urban metros, the creator ecosystem is reaching deep into smaller towns, regional markets, and older demographics. The emergence of multilingual creators and regional influencers has catalyzed a more inclusive digital marketplace—one that mirrors the real India in all its complexity and diversity.

    For brands and marketers, this evolution has not just altered strategies; it has flipped the entire funnel. Traditional advertising methods are being replaced or supplemented by more agile, creative, and targeted forms of engagement. Campaigns are now designed with creators at the core—allowing for faster content production, greater freedom of expression, and improved metrics through outcome-based testing. Virtual gifting, live commerce, subscription models, and fan-funded initiatives are rising as new revenue streams, giving creators both financial agency and deeper community ownership.

    WAVES 2025 served as the perfect launchpad for this new digital vision. With its ambitious scope covering media, technology, and storytelling, the summit highlighted how India’s creator economy is not merely an offshoot of the entertainment sector, it is the engine powering a new form of commerce and cultural diplomacy. As discussions ranged from AI in filmmaking to the future of AVGC (Animation, Visual Effects, Gaming, and Comics), one theme emerged with clarity: creators are not just influencing trends—they are shaping the market.

    Investors are recalibrating strategies to fund content-driven startups. Policy frameworks are being debated to offer protections and incentives for digital freelancers. Education platforms are rolling out creator economy courses. And most significantly, creators across India—from school-going influencers in Raipur to AI-powered illustrators in Chennai—are beginning to realize their role not just as entertainers, but as economic contributors.

    The trillion-dollar forecast is not a distant dream—it is a pathway already in motion. With the right mix of innovation, infrastructure, and inclusivity, India’s creator economy could become one of its most significant exports. And as the world turns its eyes toward this new digital juggernaut, one thing is certain: India is no longer just telling stories. It is rewriting the script of global influence—one post, one video, one idea at a time.

  • India’s creator economy set to shape a trillion-dollar future

    Source: Government of India

    Source: Government of India (4)

    At WAVES 2025, a new report by the Boston Consulting Group grabbed the spotlight, drawing the attention of policymakers, creators, and investors. The report revealed that India’s creator economy is already driving more than $350 billion in consumer spending, a number expected to exceed $1 trillion by 2030.

    Titled From Content to Commerce: Mapping India’s Creator Economy, the report paints a vivid picture of a nation in the midst of a creative and commercial boom. With 2 to 2.5 million active creators—defined as individuals with more than 1,000 followers—India is home to one of the world’s largest and youngest digital communities. But what’s most striking is the current monetization gap. Only 8 to 10 percent of these creators are earning meaningful income from their content, revealing a vast reserve of untapped potential that may well become the fuel for the next stage of India’s economic growth story.

    The report underscores the sweeping influence creators now hold over consumer decisions. Over 30 percent of purchases are directly shaped by digital content—ranging from short-form videos to long-format storytelling, tutorials, product reviews, and live streams. Comedy, film, fashion, and serials remain the dominant genres, but the expansion into new content territories like gaming, wellness, and finance is reshaping how India learns, shops, and interacts.

    What makes this shift even more profound is how it is transcending generational and geographic lines. No longer confined to Gen Z or urban metros, the creator ecosystem is reaching deep into smaller towns, regional markets, and older demographics. The emergence of multilingual creators and regional influencers has catalyzed a more inclusive digital marketplace—one that mirrors the real India in all its complexity and diversity.

    For brands and marketers, this evolution has not just altered strategies; it has flipped the entire funnel. Traditional advertising methods are being replaced or supplemented by more agile, creative, and targeted forms of engagement. Campaigns are now designed with creators at the core—allowing for faster content production, greater freedom of expression, and improved metrics through outcome-based testing. Virtual gifting, live commerce, subscription models, and fan-funded initiatives are rising as new revenue streams, giving creators both financial agency and deeper community ownership.

    WAVES 2025 served as the perfect launchpad for this new digital vision. With its ambitious scope covering media, technology, and storytelling, the summit highlighted how India’s creator economy is not merely an offshoot of the entertainment sector, it is the engine powering a new form of commerce and cultural diplomacy. As discussions ranged from AI in filmmaking to the future of AVGC (Animation, Visual Effects, Gaming, and Comics), one theme emerged with clarity: creators are not just influencing trends—they are shaping the market.

    Investors are recalibrating strategies to fund content-driven startups. Policy frameworks are being debated to offer protections and incentives for digital freelancers. Education platforms are rolling out creator economy courses. And most significantly, creators across India—from school-going influencers in Raipur to AI-powered illustrators in Chennai—are beginning to realize their role not just as entertainers, but as economic contributors.

    The trillion-dollar forecast is not a distant dream—it is a pathway already in motion. With the right mix of innovation, infrastructure, and inclusivity, India’s creator economy could become one of its most significant exports. And as the world turns its eyes toward this new digital juggernaut, one thing is certain: India is no longer just telling stories. It is rewriting the script of global influence—one post, one video, one idea at a time.

  • MIL-OSI: CIB Marine Bancshares, Inc. Announces Second Quarter 2025 Results

    Source: GlobeNewswire (MIL-OSI)

    BROOKFIELD, Wis, July 11, 2025 (GLOBE NEWSWIRE) — CIB Marine Bancshares, Inc. (the “Company” or “CIB Marine”) (OTCQX: CIBH), the holding company of CIBM Bank (the “Bank”), announced its unaudited results of operations and financial condition for the quarter and six months ended June 30, 2025. During the quarter, net interest income and mortgage operations both improved operating results on a quarterly and year-to-date basis as further outlined below.

    Net income for the quarter was $0.7 million, or $0.50 basic and $0.48 diluted earnings per share, compared to $0.5 million, or $0.34 basic and $0.25 diluted earnings per share, for the same period of 2024 excluding the effects of the sale-leaseback transaction gain on sale reported in the second quarter of 2024. Net income for the six months ended June 30, 2025, was $1.0 million, or $0.74 basic and $0.71 diluted earnings per share, compared to $0.6 million, or $0.80 basic and $0.35 diluted earnings per share, for the same period of 2024 also excluding the effects of the sale-leaseback transaction gain on sale.

    Financial highlights for the quarter and six months ended June 30 include:

    • Net interest margin increased to 2.69% from 2.62% in the first quarter of 2025 and 2.38% in the second quarter of 2024. The cost of funds declined 51 basis points compared to the same quarterly period last year, due to the repricing of interest-bearing liabilities in a lower-cost interest rate environment, while yields on earning assets declined by 16 basis points. The net interest margin improved to 2.65% for the six months ended June 30, 2025, compared to 2.34% for the same period of 2024 as the cost of funds declined 45 basis points compared to a 10 basis point decline in yields on earning assets. Net interest income rose $0.3 million for the quarter compared to the same period of 2024, and $0.6 million for the six months ended June 30th compared to the same period of 2024.
    • Although quarter-end loan balances declined $19 million from March 31, 2025, and $32 million from December 31, 2024, the allowance for credit losses to loans rose from 1.26% at December 31, 2024, and 1.29% at March 31, 2025, to 1.32% at June 30, 2025, primarily due to continued deterioration in the Federal Reserve’s economic forecasts used in the Company’s credit loss analysis. Non-performing assets to total assets were 0.68% and non-accrual loans to loans were 0.85% on June 30, 2025, compared to 0.67% and 0.84% on March 31, 2025, and 0.68% and 0.81% on December 31, 2024, respectively. Business plans continue to include higher loan balances by year-end 2025, primarily driven by anticipated growth in the commercial segments. Non-performing loans, other real estate loans, modified loans to borrowers experiencing financial difficulty and loans 90 days or more past due but still accruing to total assets increased to 1.85% at June 30, 2025, compared to 0.97% at March 31, 2025, and 0.98% at December 31, 2024. The increase was primarily due to two commercial loans—one in the transportation industry and the other in manufacturing—that were both 90 days or more past due but still accruing interest and in the collection process. Since June 30, 2025, one of the loans has been brought current and the adjusted ratio would be 1.43%.
    • The Banking Division reported net income of $1.6 million for the six months ended June 30, 2025, a $0.4 million improvement over the same period in 2024 excluding the sale-leaseback transaction gain on sale, driven primarily by higher net interest margins and continued cost controls. The Mortgage Division’s $0.1 million net loss for the six months ended June 30, 2025, is an improvement of $0.1 million from the prior year. This modest progress reflects the decline in lending staff noted in the first-quarter earnings release. The net remaining Other Division, comprised primarily of parent company operations, had a net loss of $0.5 million with roughly one-third of that amount attributed to subordinated debt interest expense. Although the parent company has a $2 million line of credit, no draws have been made on that potential funding source to date.

    Mr. J. Brian Chaffin, CIB Marine’s President and CEO, commented, “Net interest margins continue to improve as we actively manage our cost of funds in a lower rate environment compared to last year. This contributed to stronger operating results from our Banking Division. While loan balances declined again, our commercial group continues to build the loan pipeline, and we anticipate higher balances by year-end. The Mortgage Division showed modest improvement despite ongoing challenges in the residential mortgage market. Although mortgage production is expected to be lower than last year due to lender staff reductions, our current team is well-positioned to maintain consistent performance in a competitive market. Expense controls continue to support improved operating results.”

    He added, “In February, we launched our 2025 common stock repurchase program, authorizing up to $1 million in share buybacks. During the second quarter of 2025, we repurchased 8,083 shares through open market transactions for a total of $262,000, at an average price of $32.37 per share. Year to date, we have repurchased 15,512 shares for a total of $497,000, at an average price of $32.02 per share. Barring unforeseen factors, we intend to complete our 2025 common stock repurchase program during the second half of the year, using available resources including $0.7 million in cash on hand at the parent company, our $2 million line of credit, and other potential sources such as a possible capital distribution from CIBM Bank.”

    CIB Marine Bancshares, Inc. is the holding company for CIBM Bank, which operates nine banking offices in Illinois, Wisconsin, and Indiana, and has mortgage loan officers and/or offices in six states. More information on the Company is available at www.cibmarine.com, including recent shareholder letters, links to regulatory financial reports, and audited financial statements.

    FORWARD-LOOKING STATEMENTS
    CIB Marine has made statements in this release that may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. CIB Marine intends these forward-looking statements to be subject to the safe harbor created thereby and is including this statement to avail itself of the safe harbor. Forward-looking statements are identified generally by statements containing words and phrases such as “may,” “project,” “are confident,” “should be,” “intend,” “predict,” “believe,” “plan,” “expect,” “estimate,” “anticipate” and similar expressions. These forward-looking statements reflect CIB Marine’s current views with respect to future events and financial performance that are subject to many uncertainties and factors relating to CIB Marine’s operations and the business environment, which could change at any time.

    There are inherent difficulties in predicting factors that may affect the accuracy of forward-looking statements.

    Stockholders should note that many factors, some of which are discussed elsewhere in this Earnings Release and in the documents that are incorporated by reference, could affect the future financial results of CIB Marine and could cause those results to differ materially from those expressed in forward-looking statements contained or incorporated by reference in this document. These factors, many of which are beyond CIB Marine’s control, include but are not limited to:

    • operating, legal, execution, credit, market, security (including cyber), and regulatory risks;
    • economic, political, and competitive forces affecting CIB Marine’s banking business;
    • the impact on net interest income and securities values from changes in monetary policy and general economic and political conditions; and
    • the risk that CIB Marine’s analyses of these risks and forces could be incorrect and/or that the strategies developed to address them could be unsuccessful.

    These factors should be considered in evaluating the forward-looking statements, and undue reliance should not be placed on such statements. Forward-looking statements speak only as of the date they are made. CIB Marine undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Forward-looking statements are subject to significant risks and uncertainties and CIB Marine’s actual results may differ materially from the results discussed in forward-looking statements.

    FOR INFORMATION CONTACT:
    J. Brian Chaffin, President & CEO
    (217) 355-0900
    brian.chaffin@cibmbank.com

    CIB MARINE BANCSHARES, INC.
    Selected Unaudited Consolidated Financial Data
                     
      At or for the
      Quarters Ended   6 Months Ended
      June 30, March 31, December 31, September 30, June 30,   June 30, June 30,
        2025     2025     2024     2024     2024       2025     2024  
      (Dollars in thousands, except share and per share data)
    Selected Statement of Operations Data:                
    Interest and dividend income $ 11,017   $ 10,941   $ 11,408   $ 12,283   $ 12,052     $ 21,958   $ 23,853  
    Interest expense   5,541     5,652     6,259     6,707     6,897       11,193     13,737  
    Net interest income   5,476     5,289     5,149     5,576     5,155       10,765     10,116  
    Provision for (reversal of) credit losses   9     42     (332 )   (113 )   10       51     (18 )
    Net interest income after provision for                
    (reversal of) credit losses   5,467     5,247     5,481     5,689     5,145       10,714     10,134  
    Noninterest income (1)   1,765     1,552     1,724     2,897     6,904       3,317     8,531  
    Noninterest expense   6,311     6,373     6,678     7,163     6,904       12,684     13,325  
    Income before income taxes   921     426     527     1,423     5,145       1,347     5,340  
    Income tax expense   253     105     123     347     1,361       358     1,378  
    Net income (loss) $ 668   $ 321   $ 404   $ 1,076   $ 3,784     $ 989   $ 3,962  
                     
    Common Share Data:                
    Basic net income (loss) per share (2) $ 0.50   $ 0.24   $ 0.60   $ 0.79   $ 2.79     $ 0.74   $ 2.94  
    Diluted net income (loss) per share (2)   0.48     0.23     0.54     0.59     2.06       0.71     2.17  
    Dividend   0.00     0.00     0.00     0.00     0.00       0.00     0.00  
    Tangible book value per share (3)   59.55     58.46     57.37     57.80     55.36       59.55     55.36  
    Book value per share (3)   59.59     58.51     57.42     56.06     53.61       59.59     53.61  
    Weighted average shares outstanding – basic   1,349,613     1,348,995     1,357,737     1,357,259     1,356,255       1,344,573     1,348,440  
    Weighted average shares outstanding – diluted   1,397,365     1,396,274     1,507,344     1,833,586     1,833,881       1,392,090     1,826,911  
    Financial Condition Data:                
    Total assets $ 838,441   $ 852,018   $ 866,474   $ 888,283   $ 901,634     $ 838,441   $ 901,634  
    Loans   665,393     684,787     697,093     707,310     719,129       665,393     719,129  
    Allowance for credit losses on loans   (8,793 )   (8,818 )   (8,790 )   (8,973 )   (9,083 )     (8,793 )   (9,083 )
    Investment securities   126,795     124,109     120,339     120,349     123,814       126,795     123,814  
    Deposits   684,480     692,028     692,378     747,168     768,984       684,480     768,984  
    Borrowings   59,292     67,214     81,735     33,583     28,222       59,292     28,222  
    Stockholders’ equity   80,492     79,309     77,961     92,358     89,008       80,492     89,008  
    Financial Ratios and Other Data:                
    Performance Ratios:                
    Net interest margin (4)   2.69 %   2.62 %   2.44 %   2.55 %   2.38 %     2.65 %   2.34 %
    Net interest spread (5)   2.06 %   1.99 %   1.74 %   1.80 %   1.71 %     2.03 %   1.67 %
    Noninterest income to average assets (6)   0.83 %   0.73 %   0.82 %   1.25 %   3.09 %     0.78 %   1.91 %
    Noninterest expense to average assets   3.00 %   3.05 %   3.06 %   3.17 %   3.09 %     3.02 %   2.98 %
    Efficiency ratio (7)   87.24 %   93.65 %   96.17 %   85.32 %   57.19 %     90.35 %   71.34 %
    Earnings (loss) on average assets (8)   0.32 %   0.15 %   0.19 %   0.48 %   1.69 %     0.24 %   0.88 %
    Earnings (loss) on average equity (9)   3.36 %   1.65 %   1.94 %   4.71 %   17.92 %     2.52 %   9.38 %
    Asset Quality Ratios:                
    Nonaccrual loans to loans (10)   0.85 %   0.84 %   0.81 %   0.44 %   0.47 %     0.85 %   0.47 %
    Nonperformance assets to total assets (11)   0.68 %   0.67 %   0.68 %   0.38 %   0.41 %     0.68 %   0.41 %
    Nonaccrual loans, modified loans to borrowers experiencing                
    financial difficulty, loans 90 days or more past due and still                
    accruing to total loans (12)   2.33 %   1.21 %   1.19 %   1.62 %   1.38 %     2.33 %   1.38 %
    Nonaccrual loans, OREO, modified loans to borrowers                
    experiencing financial difficulty, loans 90 days or more past                
    due and still accruing to total assets (12)   1.85 %   0.97 %   0.98 %   1.32 %   1.14 %     1.85 %   1.14 %
    Allowance for credit losses on loans to total loans (10)   1.32 %   1.29 %   1.26 %   1.27 %   1.26 %     1.32 %   1.26 %
    Allowance for credit losses on loans to nonaccrual loans,                
    modified loans to borrowers experiencing financial difficulty loans                
    and loans 90 days or more past due and still accruing (10)   56.76 %   106.25 %   105.95 %   82.53 %   91.24 %     56.76 %   91.24 %
    Net charge-offs (recoveries) annualized                
    to average loans (10)   -0.02 %   -0.01 %   -0.01 %   -0.01 %   0.03 %     -0.01 %   0.03 %
    Capital Ratios:                
    Total equity to total assets   9.60 %   9.31 %   9.00 %   10.40 %   9.87 %     9.60 %   9.87 %
    Total risk-based capital ratio   13.55 %   13.34 %   13.02 %   14.54 %   13.90 %     13.55 %   13.90 %
    Tier 1 risk-based capital ratio   10.82 %   10.62 %   10.33 %   11.89 %   11.27 %     10.82 %   11.27 %
    Leverage capital ratio   8.54 %   8.40 %   8.14 %   9.30 %   8.93 %     8.54 %   8.93 %
    Other Data:                
    Number of employees (full-time equivalent)   144     152     165     170     172       144     172  
    Number of banking facilities   9     9     9     9     9       9     9  
                     
    (1) Noninterest income includes gains and losses on securities.
    (2) Net income available to common stockholders in the calculation of earnings per share includes the difference between the carrying amount less the consideration paid for redeemed preferred stock of $0.4 million for the quarter ended December 31, 2024.
    (3) Tangible book value per share is the stockholder equity less the carry value of the preferred stock and less the goodwill and intangible assets, divided by the total shares of common outstanding. Book value per share is the stockholder equity less the liquidation preference of the preferred stock, divided by the total shares of common outstanding. Book value measures are reported inclusive of the net deferred tax assets. As presented here, shares of common outstanding excludes unvested restricted stock awards.
    (4) Net interest margin is the ratio of net interest income to average interest-earning assets.
    (5) Net interest spread is the yield on average interest-earning assets less the rate on average interest-bearing liabilities.
    (6) Noninterest income to average assets excludes gains and losses on securities.
    (7) The efficiency ratio is noninterest expense divided by the sum of net interest income plus noninterest income, excluding gains and losses on securities.
    (8) Earnings on average assets are net income divided by average total assets.
    (9) Earnings on average equity are net income divided by average stockholders’ equity.
    (10) Excludes loans held for sale.
    (11) Nonperforming assets includes nonaccrual loans and securities and other real estate owned.
    (12) A large loan 90 days or more past due and still accruing was brought current after June 30, 2025. The adjusted ratio to total loans would be 1.80% and to total assets 1.43%.
    CIB MARINE BANCSHARES, INC.  
    Consolidated Balance Sheets (unaudited)  
                 
      June 30, March 31, December 31, September 30, June 30,  
        2025     2025     2024     2024     2024    
      (Dollars in Thousands, Except Shares)  
    Assets            
    Cash and due from banks $ 10,363   $ 7,717   $ 6,748   $ 13,814   $ 10,690    
    Reverse repurchase agreements   –     –     –     –     –    
    Securities available for sale   124,618     121,939     118,206     118,145     121,687    
    Equity securities at fair value   2,177     2,170     2,133     2,204     2,127    
    Loans held for sale   7,733     7,685     13,291     19,472     17,897    
                 
    Loans   665,393     684,787     697,093     707,310     719,129    
    Allowance for credit losses on loans   (8,793 )   (8,818 )   (8,790 )   (8,973 )   (9,083 )  
    Net loans   656,600     675,969     688,303     698,337     710,046    
                 
    Federal Home Loan Bank Stock   3,401     2,607     2,607     2,238     2,238    
    Premises and equipment, net   1,660     1,486     1,570     1,526     1,569    
    Accrued interest receivable   2,733     2,680     2,651     2,926     3,230    
    Deferred tax assets, net   12,160     12,529     12,955     12,796     14,840    
    Other real estate owned, net   –     –     200     211     283    
    Bank owned life insurance   6,536     6,486     6,437     6,388     6,340    
    Goodwill and other intangible assets   64     64     64     64     64    
    Other assets   10,396     10,686     11,309     10,162     10,623    
    Total assets $ 838,441   $ 852,018   $ 866,474   $ 888,283   $ 901,634    
                 
    Liabilities and Stockholders’ Equity            
    Deposits:            
    Noninterest-bearing demand $ 87,479   $ 98,403   $ 86,886   $ 95,471   $ 95,457    
    Interest-bearing demand   74,921     77,620     84,833     90,095     86,728    
    Savings   226,663     232,046     224,960     234,969     244,595    
    Time   295,417     283,959     295,699     326,633     342,204    
    Total deposits   684,480     692,028     692,378     747,168     768,984    
    Short-term borrowings   49,514     57,444     71,973     23,829     18,477    
    Long-term borrowings   9,778     9,770     9,762     9,754     9,745    
    Accrued interest payable   1,656     1,614     1,911     2,101     2,145    
    Other liabilities   12,521     11,853     12,489     13,073     13,275    
    Total liabilities   757,949     772,709     788,513     795,925     812,626    
                 
    Stockholders’ Equity            
    Preferred stock, $1 par value; 5,000,000 authorized shares at periods prior to December 31, 2024; 7% fixed rate noncumulative perpetual issued; 14,633 shares of series A and 1,610 shares of series B; convertible; $16.2 million aggregate liquidation preference   –     –     –     13,806     13,806    
    Common stock, $1 par value; 75,000,000 authorized shares; 1,385,842 and 1,372,642 issued shares; 1,351,397 and 1,358,473 outstanding shares at June 30, 2025 and December 31, 2024, respectively (1)   1,386     1,383     1,372     1,372     1,372    
    Capital surplus   181,908     181,801     181,708     181,603     181,486    
    Accumulated deficit   (98,498 )   (99,167 )   (99,487 )   (100,297 )   (101,373 )  
    Accumulated other comprehensive income (loss), net   (3,273 )   (3,939 )   (5,098 )   (3,592 )   (5,749 )  
    Treasury stock, 35,167 shares on June 30, 2025 and 14,791 shares December 31, 2024 (2)   (1,031 )   (769 )   (534 )   (534 )   (534 )  
    Total stockholders’ equity   80,492     79,309     77,961     92,358     89,008    
    Total liabilities and stockholders’ equity $ 838,441   $ 852,018   $ 866,474   $ 888,283   $ 901,634    
                 
    (1) Both issued and outstanding shares as stated here exclude 46,686 shares and 42,259 shares of unvested restricted stock awards at June 30, 2025 and December 31, 2024, respectively.
    (2) Treasury stock includes 722 shares held by subsidiary bank CIBM Bank.  
                 
    CIB MARINE BANCSHARES, INC.  
    Consolidated Statements of Operations (Unaudited)  
                       
      At or for the  
      Quarters Ended   6 Months Ended  
      June 30, March 31, December 31, September 30, June 30,   June 30, June 30,  
        2025     2025     2024     2024     2024       2025     2024    
      (Dollars in thousands)  
                       
    Interest Income                  
    Loans $ 9,653   $ 9,623   $ 9,999   $ 10,573   $ 10,582     $ 19,276   $ 20,976    
    Loans held for sale   149     137     215     300     213       286     355    
    Securities   1,186     1,150     1,151     1,183     1,217       2,336     2,448    
    Other investments   29     31     43     227     40       60     74    
    Total interest income   11,017     10,941     11,408     12,283     12,052       21,958     23,853    
                       
    Interest Expense                  
    Deposits   4,795     5,029     5,638     6,354     6,466       9,824     12,693    
    Short-term borrowings   625     504     500     232     310       1,129     803    
    Long-term borrowings   121     119     121     121     121       240     241    
    Total interest expense   5,541     5,652     6,259     6,707     6,897       11,193     13,737    
    Net interest income   5,476     5,289     5,149     5,576     5,155       10,765     10,116    
    Provision for (reversal of) credit losses   9     42     (332 )   (113 )   10       51     (18 )  
    Net interest income after provision for                  
    (reversal of) credit losses   5,467     5,247     5,481     5,689     5,145       10,714     10,134    
                       
    Noninterest Income                  
    Deposit service charges   65     59     55     63     67       124     133    
    Other service fees   (10 )   (9 )   (5 )   (5 )   1       (19 )   (4 )  
    Mortgage banking revenue, net   1,424     1,140     1,564     2,264     2,166       2,564     3,375    
    Other income   279     177     192     150     273       456     436    
    Net gains on sale of securities available for sale   0     0     0     0     0       0     0    
    Unrealized gains (losses) recognized on equity securities   7     36     (71 )   78     (14 )     43     (32 )  
    Net gains (loss) on sale of SBA loans   0     161     0     420     0       161     202    
    Net gains on sale of assets and (writedowns)   0     (12 )   (11 )   (73 )   4,411       (12 )   4,421    
    Total noninterest income   1,765     1,552     1,724     2,897     6,904       3,317     8,531    
                       
    Noninterest Expense                  
    Compensation and employee benefits   4,060     4,066     4,344     4,852     4,700       8,126     8,989    
    Equipment   583     559     467     504     457       1,142     919    
    Occupancy and premises   519     549     500     495     391       1,068     827    
    Data Processing   212     221     220     243     208       433     420    
    Federal deposit insurance   101     129     144     182     219       230     418    
    Professional services   218     278     240     254     219       496     418    
    Telephone and data communication   57     52     74     51     51       109     107    
    Insurance   75     64     71     78     80       139     161    
    Other expense   486     455     618     504     579       941     1,066    
    Total noninterest expense   6,311     6,373     6,678     7,163     6,904       12,684     13,325    
    Income from operations                  
    before income taxes   921     426     527     1,423     5,145       1,347     5,340    
    Income tax expense   253     105     123     347     1,361       358     1,378    
    Net income (loss)   668     321     404     1,076     3,784       989     3,962    
    Preferred stock dividend   0     0     0     0     0       0     0    
    Discount from repurchase of preferred
    stock    		   0     0     406     0     0       0     0    
    Net income (loss) allocated to                  
     common stockholders $ 668   $ 321   $ 810   $ 1,076   $ 3,784     $ 989   $ 3,962    
                       

    The MIL Network –

  • China’s GDP growth set to slow, raising pressure on policymakers

    Source: Government of India

    Source: Government of India (4)

    China’s economy is expected to have slowed down in the second quarter from a solid start to the year as trade tensions with the United States added to deflationary pressures, reinforcing expectations that Beijing may need to roll out more stimulus.

    The world’s second-largest economy has so far avoided a sharp slowdown in part due to a fragile U.S.-China trade truce and policy stimulus, but markets are braced for a gloomier second half pressured by slowing exports, weak consumer demand, and a persistent property downturn.

    Gross domestic product growth in April-June is forecast at 5.1% year-on-year, cooling from 5.4% in the first quarter, a Reuters poll of 40 economists showed on Friday.

    The projected pace would still exceed the 4.7% growth forecast in a Reuters poll in April and remain broadly in line with the official full-year target of around 5%.

    Investors are closely watching for signs of fresh stimulus at the upcoming Politburo meeting due in late July, which is likely to shape economic policy for the remainder of the year.

    “We expect second-quarter GDP growth to exceed 5%, compared to 5.4% in the first quarter, indicating that there is no immediate need for additional stimulus,” analysts at Societe Generale said in a note.

    GDP growth is projected to slow to 4.5% in the third quarter and 4.0% in the fourth, according to the poll, underscoring mounting economic headwinds as U.S. President Donald Trump’s global trade war leaves Beijing with the tough task of getting households to spend more at a time of uncertainty.

    “We see a demand cliff in the second half, driven by multiple factors,” said Ting Lu, chief China economist at Nomura, in a note. Lu cited slowing exports under U.S. tariffs, the fading boost from a consumer goods trade-in program, austerity measures, and a protracted property slump.

    “We believe Beijing will very likely rush to roll out a new round of supportive measures at some point during H2.”

    For the whole of 2025, China’s GDP growth is forecast to cool to 4.6% – falling short of the official goal – from last year’s 5.0% and ease further to 4.2% in 2026, according to the poll.

    On a quarterly basis, the economy is forecast to have expanded 0.9% in the second quarter, slowing from 1.2% in January-March, the poll showed.

    The government is due to release second-quarter GDP data and June retail sales, industrial production and investment data at 0200 GMT on July 15.

    STIMULUS ALONE NOT ENOUGH

    Beijing has ramped up infrastructure spending and consumer subsidies, alongside steady monetary easing. In May, the central bank cut interest rates and injected liquidity as part of broader efforts to cushion the economy from Trump’s trade tariffs.

    Analysts polled by Reuters expect the central bank to cut its key policy rate – the seven-day reverse repo rate – by 10 basis points in the fourth quarter, along with a similar cut to the benchmark loan prime rate (LPR). The central bank is also expected to lower the weighted average reserve requirement ratio (RRR) by 20 basis points during the same period.

    But China observers and analysts say stimulus alone may not be enough to address deflation, which deepened to its worst level in almost two years in June.

    China’s GDP deflator – the broadest measure of prices across goods and services – is expected to decline further in the second quarter, marking a ninth consecutive quarterly drop, the longest streak since records began in 1993.

    Analysts polled by Reuters estimate a 0.1% rise in China’s consumer prices for this year, well below the government’s target of around 2%, before picking up 1.0% in 2026.

    Expectations are growing that China could accelerate supply-side reforms to curb excess industrial capacity and find new ways to boost domestic demand.

    Chinese government advisers are stepping up calls to make the household sector’s contribution to broader economic growth a top priority at Beijing’s upcoming five-year policy plan, as the trade tensions and deflation threaten the outlook.

    (Reuters)

  • MIL-OSI Africa: Africa Scales Up Mineral Mapping to Attract Exploration Investment Ahead of African Mining Week (AMW) 2025

    Source: APO


    .

    Across Africa, mineral-rich nations are intensifying nationwide geological surveys to gain a deeper understanding of their mineral resources. These initiatives aim to attract new investment in exploration and production, bolstering the continent’s role in the global supply of transition and fourth industrial revolution metals.

    In June, Zambia’s Ministry of Mines and Minerals Development reported that its high-resolution airborne geophysical survey had covered 22% of the country’s land area, with plans to reach 70% by December 2025. The program is on track for completion by mid-2026 and forms part of Zambia’s strategy to de-risk mining investment and scale annual copper output to 3 million tons by 2031. At African Mining Week 2025 – taking place in Cape Town on October 1-3 – a panel on Zambia: Accelerating Exploration and Development Through License Allocation will highlight the country’s ongoing efforts to expand its mineral resource base and streamline development.

    AMW serves as a premier platform for exploring the full spectrum of mining opportunities across Africa. The event is held alongside the African Energy Week: Invest in African Energies 2025 conference from October 1-3 in Cape Town. Sponsors, exhibitors and delegates can learn more by contacting sales@energycapitalpower.com.

    Zambia’s efforts are part of a broader continental movement to fast-track geo-mapping using advanced technologies. Tanzania, for example, is pursuing a national mapping program with a strong focus on critical minerals. Led by the Ministry of Minerals and the State Mining Corporation, the initiative targets 50% territorial coverage by 2030. In March, Tanzania partnered with the Korea Institute of Geoscience and Mineral Resources to enhance technical capabilities through knowledge and technology exchange. This program forms a central component of Tanzania’s Vision 2030 Strategy, which identifies mining as a key engine for GDP growth.

    In Liberia, Minister of Mines and Energy Wilmot J.M. Paye confirmed in February 2025 that the country’s national survey had identified significant deposits of critical minerals, including lithium, cobalt, copper and nickel. Meanwhile, South Sudan’s ongoing mapping efforts have revealed geological similarities with the mineral-rich Democratic Republic of Congo – the continent’s leading copper producer and the world’s largest supplier of cobalt. In Eswatini, preliminary findings from its 2024 survey indicate promising deposits of lithium tantalum, and soft earth minerals.

    As these programs gain momentum, AMW 2025 offers a timely platform for governments to present survey findings, share progress and forge new partnerships with global investors and technology providers. Held alongside African Energy Week: Invest in African Energies 2025, the event brings together the full spectrum of mining stakeholders to shape the future of Africa’s mineral economy.

    Distributed by APO Group on behalf of Energy Capital & Power.

    MIL OSI Africa –

  • MIL-OSI Africa: Nigeria Issues Call for Global Investment at Organization of the Petroleum Exporting Countries (OPEC) Seminar Ahead of African Energy Week (AEW) 2025

    Source: APO


    .

    Citing the need to prioritize energy security in Africa, Nigerian officials have issued a call for increased international financing, calling on global funders to reexamine their financing structures in support of African projects. Speaking at the 9th OPEC International Seminar in Vienna this week, Nigeria’s Minister of State for Petroleum Resources (Oil) Heineken Lokpobiri underscored the need for partners across the entire oil value chain, warning against weaponizing financing against Africa and urging radical change in attitude.

    The declaration comes as the industry prepares to convene in Cape Town for the next edition of the African Energy Week (AEW): Invest in African Energies conference. Taking place September 29 to October 3, the event is positioned as the premier meeting platform for the African energy sector, convening stakeholders from the global and African energy landscape to discuss strategies for accelerating energy investments. The OPEC Roundtable returns to AEW: Invest in African Energies in 2025. With Africa holding approximately 7.8% of proven global oil reserves, OPEC’s African members play a crucial part in global supply chains. The roundtable will address fundamental challenges across the oil market, from financing to exports to domestic distribution and technology.

    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.

    Access to financing remains a critical challenge across OPEC’s African members. For Nigeria, inadequate investment in exploration and production has led to a dilemma, whereby the nation’s largest oil refinery Dangote – which came online in 2024 with a capacity of 650,000 barrels per day – has been faced with supply challenges despite the country holding some of the largest crude deposits in Africa. In June 2025, the facility imported approximately half of the crude it needs, and while plans are in place to shift to domestic crude for 100% of its feedstock by year-end, this highlights some challenges regarding security of supply and long-term resilience. Notably, with the country’s crude production experiencing a downward trend since 2020, Nigeria is making a strong play for international investment in exploration and field development. The country launched a licensing round in 2024, offering 12 marginal field blocks and seven deep offshore licenses. TotalEnergies was the only energy major to participate, securing a deepwater block.

    As such, during the OPEC International Seminar, Minister Lokpobiri highlighted that “We want partners from upstream to downstream. Nigeria has enormous refining capacity but we don’t even have the crude to meet that demand. Whatever you produce in Nigeria services the entire West African region.” He warned that the global north is weaponizing financing against Africa and has urged for a radical change in attitude to enable the continent’s full participation in shaping global energy security. Investing across the oil value chain is a key step towards realizing this goal, and Nigeria is putting the measures in place to entice foreign spending.

    In 2025, the country is expected to launch its next licensing round, focusing on discovered and undeveloped fields. This approach seeks to ensure no block is left behind, unlocking significant opportunities for both greenfield and brownfield discoveries. The country is also strengthening its investment structures through policies such as the Petroleum Industry Act (PIA) and the Upstream Executive Order. Signed into law in 2021, the PIA features improved fiscal and legal terms for the industry, while the executive order introduces a performance-based tax relief scheme to boost cost efficiency in petroleum operations. These policies significantly improve Nigeria’s petroleum business climate and global partners are encouraged to respond.

    Stepping into this picture, AEW: Invest in African Energies 2025 offers a strategic platform for Nigerian government officials to showcase emerging investment opportunities across the country. Nigerian President Bola Ahmed Tinubu will address delegates at the event this September, reflecting the nation’s commitment to engaging financiers and regional stakeholders. An Invest in Nigeria Energies country spotlight will present lucrative opportunities in the country’s oil and gas market, from upstream to downstream. Meanwhile, key challenges will be addressed at the OPEC Roundtable. The roundtable is a high-level platform that convenes key ministers and stakeholders from African OPEC countries, providing an exclusive, data-driven spotlight on the tangible investment opportunities within their evolving energy sectors. The discussion is expected to go beyond spotlighting challenges, to formalize solution-oriented strategies to scaling-up production, enhancing value addition and creating long-term economic benefits for African OPEC nations.

    Distributed by APO Group on behalf of African Energy Chamber.

    MIL OSI Africa –

  • MIL-OSI: HTX Hot Listings Weekly Recap (June 30 – July 7): $M Leads the Rally, Meme, AI, Gaming, and RWA Sectors Shine — HTX’s Wealth Effect in Full Force

    Source: GlobeNewswire (MIL-OSI)

    PANAMA CITY, July 11, 2025 (GLOBE NEWSWIRE) — HTX, a leading global crypto exchange, continues to deliver notable investment opportunities amid a volatile market. According to platform data, from June 30 to July 7, multiple assets across diverse narratives, such as Meme, AI, Gaming, and Real-World Assets (RWA), all recorded significant gains.

    $M Tops the Charts: Meme Tokens Make a Strong Comeback

    The standout performer of the week was HTX’s newly listed asset $M, posting a remarkable 157% gain in just five days, topping the leaderboard. This momentum underscores the persistent power of the Meme narrative and its wealth-generating potential.

    HTX continues to evaluate Meme tokens based on factors like community activity, viral potential, and on-chain engagement. Other Meme tokens like $BONK (+52%), $SCA (+50%), and $SWARMS (+32%) also demonstrated explosive growth.

    Gaming and AI Rally Across Solana and BSC

    Crypto’s version of “sector rotation” was in full play. The Solana ecosystem drew renewed attention, especially through the flagship gaming token $PORTAL (+43%).

    Within BSC, $BOBBSC (+49%) and $BANANAS31 (+26%) delivered strong weekly returns. $SKYAI (+42%) carries both AI and Meme narratives, illustrating the growing appeal of cross-narrative tokens, which benefit from both community hype and future-facing narratives — making them a strategic focus for HTX.

    RWA Sector Rebounds

    Another key signal was the revival of the RWA narrative, as $PLUME surged 37%. As stablecoin regulation progresses and rate cut expectations grow, tokenization of real-world assets is transitioning from theory to real valuation. Against this backdrop, $PLUME’s trading volume and user attention on HTX have surged, reflecting both strong fundamentals and growing capital recognition.

    Wealth Is a Matter of Choice — HTX’s Wealth Effect Unfolds

    In the short term, Meme and AI remain the focal narratives, while RWA and Gaming may follow with catch-up rallies driven by macro and thematic momentum. HTX demonstrates acute sensitivity to market sentiment and structural shifts, enabling early-stage exposure to high-growth assets through rigorous listings and rapid response to emerging trends.

    Choosing the right platform and the right narrative is key to navigating all market cycles. The wealth effect is never a coincidence — it’s the result of strategic selection and trusted infrastructure. The next breakout asset might just be on HTX.

    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.

    Photos accompanying this announcement are available at :

    https://www.globenewswire.com/NewsRoom/AttachmentNg/85ba2d48-8ddb-4080-b0fb-914e9dd4d4e9

    https://www.globenewswire.com/NewsRoom/AttachmentNg/01b44022-b019-4278-9b93-c4425388d535

    The MIL Network –

  • MIL-OSI: HTX Kicks Off HTTC S1 Trading Competition: Team Up to Vie for Million-Dollar Prize Pool and Xiaomi YU7 SUVs!

    Source: GlobeNewswire (MIL-OSI)

    PANAMA CITY, July 11, 2025 (GLOBE NEWSWIRE) — HTX, a leading global cryptocurrency exchange, officially announces the launch of the team competition phase for its “HTTC S1: Blades Out” spot trading event. Ten prominent team leaders have been selected and are actively recruiting users worldwide to join their teams. Participants will compete for a share of a million-dollar prize pool, and a chance to win a Xiaomi YU7 MAX SUV.

    Team formation for the HTX event is now open and runs until 10:00 (UTC) on July 22, 2025. To register, participants must complete the provided form, submit their HTX UID, and select a preferred team. All successful registrants will receive a 10 USDT Cashback Voucher. Additionally, the 8th, 588th, and 888th registrants will each win a Xiaomi YU7 Max SUV, valued at $50,000.

    The trading competition will continue until 10:00 (UTC) on July 25, 2025, and covers all spot trading pairs on the platform. The event includes two main challenges:

    1. Team Trading Volume Challenge. The platform will rank all participating teams based on their cumulative spot trading volume. A total prize pool of $70,000 in $HTX will be distributed according to their final rankings. The top-ranked team will receive 25% of the prize pool, totaling $17,500.

    To ramp up the excitement, a special “Final 24-Hour Push” mechanism will be in effect. Trading volume generated during the final 24 hours will be weighted at 2x for team volume calculations.

    2. Team PnL Challenge. To promote stable profitability in spot trading, HTX will calculate the total PnL generated by all members with positive returns within each participating team. Teams will be ranked based on their total PnL, and a prize pool of $30,000 in $HTX will be distributed accordingly. The first-place team will receive 30% of the rewards.

    As a key highlight of HTX’s 12th-anniversary celebration, “HTTC S1” aims to enhance user trading skills and profitability through an innovative team competition format and robust incentive mechanisms. Moving forward, HTX will continue to roll out more interactive and engaging trading events, offering global users enriched trading experiences and long-term value.

    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/7713fc93-21a5-4878-a92e-d477e87700d8

    The MIL Network –

  • MIL-OSI United Kingdom: Technology and innovation driving UK growth and closer partnerships with the Indo-Pacific

    Source: United Kingdom – Executive Government & Departments 3

    Press release

    Technology and innovation driving UK growth and closer partnerships with the Indo-Pacific

    Britain will deepen relations with countries across the Indo-Pacific to bring together UK and Southeast Asian innovation and technology.

    • Strengthened ties with Southeast Asia open up new trade and security opportunities to create jobs and boost growth in the UK
    • Free and open Indo-Pacific central to Plan for Change – delivering growth and opportunities for British businesses across the country.
    • UK to participate in ASEAN Regional Forum for first time – an important forum for security dialogue with one of the fastest growing regional economies

    Britain will deepen relations with countries across the Indo-Pacific to bring together UK and Southeast Asian innovation and technology to drive economic growth and create new business opportunities at key meetings in Malaysia today (Friday 11 July). 

    Stepping up cooperation with the Association of Southeast Asian Nations (ASEAN) on regional security, the visit will see the Foreign Secretary participate in the region’s main security forum– the ASEAN Regional Forum (ARF) – for the first time as Guest of Chair. The UK aims to become a permanent member of the ARF, in recognition of the fact that the greatest threats to ASEAN’s security also impact UK national security, from instability driven by climate change to risk of conflict.

    These strengthened security ties demonstrate the government’s Plan for Change in practice – delivering on the commitment to strengthen national security for working people.

    The UK will also strengthen cooperation with ASEAN nations to tackle transnational crime including scam centres, illicit finance and illegal migration – protecting our citizens from criminals and the shared threats we face. This builds on the ASEAN-UK Plan of Action as we approach the fifth anniversary of our Dialogue Partnership.  

    Secure and resilient growth depends on working with Indo-Pacific partners to preserve a stable balance of power, manage conflicts and protect our people from threats such as cyber scams and illicit finance. Strengthening our cooperation builds on recent success in strengthening ties with key allies and partners, and ensuring the UK’s national security.

    Foreign Secretary, David Lammy, said: 

    There is enormous economic potential in the Indo-Pacific with over 50% of the world’s population and 40% of global GDP. This government is breaking down barriers between businesses in the UK and Southeast Asia to tap into this market.

    We are working together to tackle key threats to our mutual prosperity – illegal migration, illicit finance and scam centres. Engaging with our partners on these enemies of growth protects our people and their hard-earned money. 

    We want to work with partners like Singapore to seize the benefits of AI and technology and manage the risks – supporting the delivery of the ASEAN Community’s Vision 2045 and the UK’s Plan for Change.

    Southeast Asia is already the fifth largest economy in the world, home to almost 700 million people, half of whom are under 30. The UK’s accession last December to CPTPP, one of the world’s biggest trade blocs, marked a breakthrough in connecting the UK to a group of economies now worth £11.7 trillion, putting money into UK businesses up and down the country.

    On top of attending the ASEAN Foreign Ministerial Meeting in Kuala Lumpur, the Foreign Secretary will also meet the Malaysian Prime Minister Anwar Ibrahim and Foreign Minister Mohamad Hasan to reinforce the shared ambition to elevate the relationship between the UK and Malaysia to a Strategic Partnership, particularly in the areas of education, energy, defence and trade which will help generate growth.

    Investment into clean, renewable energy will reduce British people’s energy bills and enshrine climate resilience and energy security. Catalysing the clean energy transformation, the Foreign Secretary, alongside Deputy Prime Minister Gan, will announce a landmark pledge of up to £70 million into Singapore’s Financing Asia’s Transition Partnership (FAST-P), advancing the UK and Singapore’s joint efforts to accelerate sustainable infrastructure and investment across Southeast Asia. The UK’s funding, to be delivered through British Investment International’s (BII), will support low-carbon energy projects and innovative business models, protecting energy security and insulating UK billpayers.

    Media enquiries

    Email newsdesk@fcdo.gov.uk

    Telephone 020 7008 3100

    Email the FCDO Newsdesk (monitored 24 hours a day) in the first instance, and we will respond as soon as possible.

    Updates to this page

    Published 11 July 2025

    MIL OSI United Kingdom –

  • MIL-OSI Africa: SIU obtains R67m recovery order against Public Works plumbing contractor

    Source: Government of South Africa

    SIU obtains R67m recovery order against Public Works plumbing contractor

    The Special Investigating Unit (SIU) has secured a recovery order of R67 million against a plumbing contractor associated with the Department of Public Works, preventing a potential loss of R33 million. 

    This action follows the Special Tribunal’s review, which led to the cancellation of contracts totaling R67 million that were awarded to Kroucamp Plumbers between 2015 and 2019. 

    These contracts were for services related to vacuum pumping of septic tanks and emergency interventions for sewage blockages.

    “The Tribunal has declared these contracts invalid and unlawful and has ordered the service provider to refund the funds received from the department in relation to these contracts,” a statement from the SIU read. 

    According to the SIU, the comprehensive financial recovery includes R46.6 million from invalid 2015 to 2017 contracts, and R20 million from unlawful 2017 to 2019 tenders.

    The Tribunal also dismissed a counterclaim of R33 million, which Kroucamp Plumbers had submitted against the department.

    “This counterclaim was effectively contested by the SIU, resulting in a favourable outcome for the department.” 

    The order follows an investigation conducted by the SIU, which uncovered a complex network of corruption involving falsified bidding documents, undisclosed conflicts of interest, and payments made to officials who manipulated the tendering process.

    “The investigation revealed that Kroucamp Plumbers misrepresented its Broad-Based Black Economic Empowerment (B-BBEE) status, submitted incomplete bidding information, and colluded with departmental officials to secure contracts totalling millions of rands.”

    In addition, the Tribunal determined that the company’s Director, Johannes Jacobus Kroucamp, exploited the corporate structure for personal gain, thereby jeopardising the interests of the State.

    “Judge David Makhoba emphasised the gravity of the misconduct, indicating that the tenders breached constitutional procurement regulations and eroded public trust. 

    “The ruling annuls both contracts and revokes the juristic personality of Kroucamp Plumbers, requiring the company to compensate the State for the financial losses incurred. Consequently, Mr Kroucamp may be held personally accountable for the company’s debts owed to the State,” the statement said.

    The SIU conducted its investigation into the Kroucamp Plumbers corruption case under Proclamation R20 of 2018. 

    “This proclamation authorised the SIU to investigate allegations of serious maladministration, improper conduct, and corruption in the awarding of tenders by the Department of Public Works and Infrastructure.”

    The SIU explained that it is also empowered to institute civil action in the High Court or a Special Tribunal to address any wrongdoing uncovered during investigations related to corruption, fraud or maladministration.

    In line with the Special Investigating Units and Special Tribunals Act 74 of 1996, the SIU refers any evidence of criminal conduct it uncovers to the National Prosecuting Authority for further action. – SAnews.gov.za

    Gabisile

    MIL OSI Africa –

  • MIL-OSI United Kingdom: UK and France pledge joint funding for international biodiversity

    Source: United Kingdom – Executive Government & Departments 2

    News story

    UK and France pledge joint funding for international biodiversity

    The UK and France reaffirm their leadership in nature finance with matched contributions to support the International Advisory Panel on Biodiversity Credits

    Following the UK-France Summit and the State Visit of President Macron, the UK and France have committed joint financial support for the International Advisory Panel on Biodiversity Credits (IAPB) to support its transition to an independent not-for-profit entity.

    The new funding will support the initiative as it works globally to unlock finance, and support IAPB’s ambitious programme through to COP30 in Belém, including a Policy Lab to help governments develop enabling regulatory frameworks for biodiversity credit markets. It will also advance guidance and standards for robust market infrastructure and grow IAPB’s Community of Practice as a key forum for project developers and practitioners.

    IAPB was co-launched by the UK and France in 2023 at the Summit for a New Global Financing Pact in Paris and brought together over 25 senior representatives from finance, business, science, NGOs, Indigenous Peoples, and local communities from more than a dozen countries. The Panel’s Framework for High Integrity Biodiversity Credit Markets, launched at CBD COP16 in Cali, Colombia, was well received globally, and featured 31 pilot projects showcasing how biodiversity credit markets are emerging worldwide. In June 2025, IAPB became fully operational as an independent not-for-profit entity.

    His Majesty King Charles III and President Emmanuel Macron have both expressed strong support for IAPB’s mission since its inception, underscoring the importance of international collaboration in protecting and restoring nature.

    The UK has committed £500,000 to support IAPB’s transition to an independent not-for-profit entity. The French Ministry of Environment, together with the French Treasury, has confirmed a matching contribution of €580,000.

    This joint commitment highlights the UK and France’s leadership in shaping nature markets and aligning finance with global biodiversity goals to deliver real outcomes for people and planet.

    Updates to this page

    Published 11 July 2025

    MIL OSI United Kingdom –

  • MIL-OSI: Lightchain AI Launches Bonus Round as Community-Driven Funding Crosses $21M Milestone

    Source: GlobeNewswire (MIL-OSI)

    SHREWSBURY, United Kingdom, July 11, 2025 (GLOBE NEWSWIRE) — Lightchain AI, a decentralized blockchain protocol built for artificial intelligence applications, today announced the launch of its Bonus Round following the successful conclusion of its 15-stage presale campaign. The Bonus Round offers LCAI tokens at a fixed price of $0.007, with the project now surpassing $21.1 million in decentralized funding from global participants.

    Unlike centralized blockchain launches that rely on exchange ecosystems or institutional backers, Lightchain AI’s growth has been fueled entirely by its community—through validator node engagement, presale participation, and builder activity. The platform’s open infrastructure, AI-native virtual machine, and interoperability framework are attracting contributors ahead of the upcoming mainnet.

    “We’ve intentionally built Lightchain AI to align with decentralized principles from the ground up,” said a Lightchain AI spokesperson. “Crossing $21 million with no central control, no private allocations, and no insider listing deals shows what’s possible when builders and participants share a long-term vision.”

    The protocol’s roadmap includes support for AI-optimized smart contracts, developer grants, cross-chain integrations, and decentralized finance (DeFi) partnerships. These integrations are actively underway, enabling real-world applications such as data-driven derivatives, compute markets, and decentralized yield strategies.

    To further incentivize ecosystem development, Lightchain AI has launched a $150,000 Developer Grant Program, aimed at onboarding open-source contributors, infrastructure developers, and dApp builders. Community members can apply directly to receive funding and technical resources to build within the Lightchain ecosystem.

    Staking mechanisms and validator onboarding tools are also now live, allowing token holders to participate in network security and begin simulating long-term reward behavior in advance of the protocol’s full network launch.

    The community-focused architecture is backed by a tokenomics model that reallocates former team allocations into ecosystem growth. Specifically, the initial 5% team token share has been redirected entirely into validator, builder, and liquidity incentives—further reinforcing the protocol’s decentralized mission.

    With its Bonus Round now active and DeFi partnerships underway, Lightchain AI is preparing for its next phase: mainnet activation and cross-chain deployment. Developers, investors, and infrastructure contributors are invited to join the network ahead of launch and participate in its decentralized build-out.

    For more information, visit:
    lightchain.ai
    Whitepaper
    Twitter/X
    Telegram

    Contact:
    SHAJAN SKARIA
    media@lightchain.ai

    Disclaimer: This content is provided by Lightchain AI. 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/0101729f-08f1-49ce-acf0-8968591cf11f

    The MIL Network –

  • MIL-OSI Africa: Islamic Development Bank Institute (IsDBI) Participates in Global Conference on Ethical Finance and Sustainable Growth

    Source: APO

    The International University of Sarajevo (IUS), in strategic partnership with the Islamic Development Bank Institute (IsDBI) (https://IsDBInstitute.org/) and in collaboration with esteemed institutions including the University of Dundee (UK), Istanbul Sabahattin Zaim University (Türkiye), INCEIF University (Malaysia), and the Center for Advanced Studies (Bosnia and Herzegovina), successfully hosted the international conference “Values for Impact: Ethical Finance, Innovation, and Sustainable Growth.”

    The event, held at the IUS Campus in Sarajevo from 18-19 June 2025, was supported by platinum sponsor Kuveyt Türk Katılım Bankası and BH Telecom, which sponsored a key panel on artificial intelligence.

    The conference was inaugurated by IUS Rector, Prof. Dr. Ahmet Yıldırım, who highlighted its global significance, stating, “This conference represents a pivotal moment for global collaboration, uniting diverse perspectives to advance ethical finance and sustainable development, aligning with IUS’s commitment to fostering innovation and moral responsibility in economic systems.”

    Dr. Sami Al-Suwailem, Acting Director General of IsDBI, delivered a keynote address, articulating a bold vision for Islamic finance. He stated: “Islamic finance offers the blueprint for aligning finance with markets, technology with values, and innovation with sustainability. As the world desperately seeks a new paradigm, we must rise to the challenge and contribute to a better future that we all aspire to. The path ahead will not be easy. But the mission is worth the journey.”

    Dr. Ahmet Albayrak, Executive Vice President of Kuveyt Türk Katılım Bankası and Patron of the IUS Center for Islamic Finance, Innovation, and Sustainability, emphasized the importance of uniting global thought leaders to strengthen the moral and digital foundations of economic systems.

    One of the highlights of the conference was the participation of three distinguished recipients of the Islamic Development Bank Prize in Islamic Economics:

    • Dr. Mehmet Asutay, Professor of Middle Eastern and Islamic Political Economy & Finance, Durham University Business School, UK
    • Dr. Mohammad Kabir Hassan, Professor of Economics and Finance, University of New Orleans, USA
    • Dr. Habib Ahmed, Sharjah Chair in Islamic Law and Finance, Durham University Business School, UK

    These luminaries enriched discussions with their expertise, offering profound insights into the intersection of ethics, innovation, and finance.

    Over 160 participants from more than 20 countries, including academics, industry leaders, policymakers, and representatives of international organizations, engaged in dynamic sessions exploring topics such as Islamic fintech, sustainable investment, and the moral foundations of economic systems.

    Notable sessions included “Reviving the Moral Foundations of Economic Life,” “Islamic FinTech for Inclusive and Ethical Futures,” and “Green Waqf: Islamic Sustainable Solutions to Climate Change.” A special parallel session, led by Dr. Beebee Salma Sairally, Editor of the International Journal of Islamic Finance and Sustainable Development (a jointly produced journal by IsDBI and INCEIF), provided valuable guidance on publishing in peer-reviewed journals.

    The conference is expected to pave the way for Bosnia and Herzegovina to become an intellectual hub for the development of Islamic economics and finance in the region and to contribute to the national and regional sustainable development agenda.

    Distributed by APO Group on behalf of Islamic Development Bank Institute (IsDBI).

    Social media handles:
    X (Twitter): https://apo-opa.co/44XESSI
    Facebook:  https://apo-opa.co/44WpR3t
    LinkedIn:  https://apo-opa.co/40L6ec8

    About the Islamic Development Bank Institute:
    The Islamic Development Bank Institute (IsDBI) is the knowledge beacon of the Islamic Development Bank Group. Guided by the principles of Islamic economics and finance, the IsDB Institute leads the development of innovative knowledge-based solutions to support the sustainable economic advancement of IsDB Member Countries and various Muslim communities worldwide. The IsDB Institute enables economic development through pioneering research, human capital development, and knowledge creation, dissemination, and management. The Institute leads initiatives to enable Islamic finance ecosystems, ultimately helping Member Countries achieve their development objectives. More information about the IsDB Institute is available on https://IsDBInstitute.org/

    Media files

    .

    MIL OSI Africa –

  • MIL-OSI United Nations: 11 July 2025 Joint News Release WHO, ITU, WIPO showcase a new report on AI use in traditional medicine

    Source: World Health Organisation

    Artificial intelligence (AI) is ushering in a transformative era for traditional medicine, one where centuries-old healing systems are enhanced by cutting-edge technologies to deliver more safe, personalized, effective, and accessible care.

    At the AI for Good Global Summit, the World Health Organization (WHO), the International Telecommunication Union (ITU), and the World Intellectual Property Organization (WIPO) released a new technical brief, Mapping the application of artificial intelligence in traditional medicine. Launched under the Global Initiative on AI for Health, this brief offers a roadmap harnessing this potential responsibly while safeguarding cultural heritage and data sovereignty.

    A new era for traditional medicine

    Traditional, complementary and integrative medicine (TCIM) is practiced in 170 countries and is used by billions of people. The TCIM practices are increasingly popular globally, driven by a growing interest in holistic health approaches that emphasize prevention, health promotion and rehabilitation.

    The new brief showcases experiences in many countries using AI to unlock new frontiers in personalized care, drug discovery, and biodiversity conservation. It includes examples such as how AI-powered diagnostics are being used in Ayurgenomics; machine learning models identifying medicinal plants in countries including Ghana and South Africa; and the use of AI to analyze traditional medicine compounds to treat blood disorders in the Republic of Korea.

    “Our Global Initiative on AI for Health aims to help all countries benefit from AI solutions and ensure that they are safe, effective, and ethical,” said Seizo Onoe, Director of the ITU Telecommunication Standardization Bureau. “This partnership of ITU, WHO and WIPO brings together the essential expertise.”

    Data-driven innovation with ethical roots

    The brief emphasizes the importance of good-quality, inclusive data and participatory design to ensure AI systems reflect the diversity and complexity of traditional medicine. AI applications can support strengthening the evidence and research base for TCIM, for example through the Traditional Knowledge Digital Library in India and the Virtual Health Library in the Americas, which use AI to preserve Indigenous knowledge, promote collaboration and prevent biopiracy. Biopiracy is a term for unauthorized extraction of biological resources and/or associated traditional knowledge from developing countries or the patenting of spurious inventions based on such knowledge or resources without compensation.

    “Intellectual property is an important tool to accelerate the integration of AI into traditional medicine,” said WIPO Assistant Director- General, Edward Kwakwa. “Our work at WIPO, including the recently adopted WIPO Treaty on Intellectual Property, Genetic Resources and Associated Traditional Knowledge, supports stakeholders manage IP to deliver on policy priorities including for Indigenous Peoples as well as local communities.”

    Guarding data sovereignty, empowering communities

    The new document calls for urgent action to uphold Indigenous Data Sovereignty (IDSov) and ensure that AI development is guided by free, prior, and informed consent (FPIC) principles. It showcases community-led data governance models from Canada, New Zealand, and Australia, and urges governments to adopt legislation that empowers Indigenous Peoples to control and benefit from their data.

    “AI must not become a new frontier for exploitation,” said Dr Yukiko Nakatani, WHO Assistant Director-General for Health Systems. “We must ensure that Indigenous Peoples and local communities are not only protected but are active partners in shaping the future of AI in traditional medicine.”

    A global call to action

    With the global TCIM market projected to reach nearly US$600 billion in 2025, the application of AI could further accelerate the growth and impact of TCIM and holistic health care. Current utilization and potential of AI highlight many opportunities, but there are many areas of knowledge gaps and risks.

    There is a need to develop holistic frameworks tailored to TCIM in areas such as regulation, knowledge sharing, capacity building, data governance and the promotion of equity, to ensure the safe, ethical and evidence-based integration of frontier technologies such as AI into the TCIM landscape.

    The new technical brief calls on all stakeholders to:

    • Invest in inclusive AI ecosystems that respect cultural diversity and IDSov;
    • Develop national policies and legal frameworks that explicitly address AI in traditional medicine;
    • Build capacity and digital literacy among traditional medicine practitioners and communities;
    • Establish global standards for data quality, interoperability, and ethical AI use; and
    • Safeguard traditional knowledge through AI-powered digital repositories and benefit-sharing models.

    By aligning the power of AI with the wisdom of traditional medicine, a new paradigm of care can emerge; one that honors the past, empowers the present, and shapes a healthier, more equitable future for all.

    MIL OSI United Nations News –

  • MIL-OSI Africa: Finance Minister Inaugurates New Board of Consolidated Bank Ghana

    Source: APO


    .

    Finance Minister, Dr. Cassiel Ato Forson, has inaugurated a new Board of Directors for Consolidated Bank Ghana Limited (CBG).

    Speaking at the swearing-in ceremony, Dr. Ato Forson reminded the board that CBG stands as a symbol of the state’s intervention, when approximately GH₵30 billion was spent to purportedly salvage and restore confidence in the financial sector.

    “I have assured the board of the government’s commitment to recapitalize CBG in the coming year. However, it is equally important that this board safeguards taxpayers’ money, as you have been entrusted with a crucial national asset,” he charged.

    The Finance Minister also issued a firm warning against the era of excessive salaries and board allowances within State-Owned Enterprises (SOEs), stressing that such practices would not be tolerated under the current administration.

    Newly appointed Board Chairman, Mr. Ernest Mawuli Agbesi, expressed his gratitude for the opportunity to serve the nation once again. He commended the government’s resolve to recapitalize the bank and pledged that the board would work diligently to deliver value to both the government and the Ghanaian people.

    The newly inaugurated CBG Board comprises:

    •             Mr. Ernest Mawuli Agbesi — Chairperson

    •             Dr. Naomi Wolali Kwetey — Managing Director

    •             Ms. Irene Ackuaku — Member

    •             Mr. David Adom — Member

    •             Mr. Michael Kwasi Anyamesem — Member

    •             Mr. Stephen Kporzih — Member

    •             Dr. Sa-ad Iddrisu — Member

    •             Mrs. Immaculate Kawe Kanlisi — Member

    •             Mr. John Alexander Ackon — Member

    Distributed by APO Group on behalf of Ministry of Finance – Republic of Ghana.

    MIL OSI Africa –

  • MIL-OSI Africa: Verdant IMAP Advises Miro Forestry & Timber Products (“Miro”) on its Equity Raise

    Source: APO

    Verdant IMAP (www.Verdant-Cap.com) acted as sole financial adviser to Miro Forestry & Timber Products (“Miro”) on its equity capital raise.

    The equity capital raise was led by Lagata an investment company focused on active investments in sub-Sahara Africa with significant experience in the forestry sector in the West Africa region.  Lagata, which is now Miro’s largest shareholder, brings strategic value and alignment with Miro’s long-term vision.  Five existing shareholders in Miro also participated in the equity funding transaction, Agwa Partners, British International Investment, Finnfund, FMO and Mirova, demonstrating continued confidence in Miro’s strategy, impact and commercial potential, and validating the overall transaction structure.  Proceeds from the equity capital raise will be used to fund operations, working capital requirements, and ongoing planting activities aligned with Miro’s business plan.

    The equity capital raise was achieved during a challenging period for the wider industry, with macroeconomic pressures and a prolonged downturn in plywood prices. Yet demand continues to grow for resilient, responsibly sourced materials. Miro’s vertically integrated model, combining certified sustainable forestry, local job creation, and advanced plywood manufacturing, offers a compelling solution to global buyers looking to secure long-term, ethical supply. 

    This transaction highlights Verdant IMAP’s ability to structure and execute complex capital solutions for its clients, while reinforcing its strong relationships with leading development finance institutions. The transaction is Verdant IMAP’s sixth completed transaction in the broader agro-industrial sector in the last 24 months.  The transaction also represents Verdant IMAP’s fifth major transaction in West Africa in the last four years. 

    Berend Jan Kingma, CEO of Miro, commented:
     
    “We are proud to welcome Lagata as our new principal shareholder. Their experience in forestry and deep understanding of African markets make them a natural partner for the next phase of Miro’s growth. We are equally grateful for the continued support of our existing shareholders, who share our belief in the power of sustainable forestry to deliver both commercial and social value. With this investment, we’re well positioned to strengthen our global reach and deepen our impact across the region.”

    Distributed by APO Group on behalf of Verdant Capital.

    Media Enquiries:
    Orient Mahonisi
    T: +27 10 140 3700
    E: orient.mahonisi@verdant-cap.com

    About Verdant IMAP:
    Verdant IMAP is a leading investment bank operating on a pan-African focus, specialising in M&A and in private capital markets.  Verdant IMAP is the IMAP partner firm for its region.  IMAP with partner firms in nearly 50 countries, with over 600 M&A professionals, completing over 250 M&A transactions per year, reinforces Verdant IMAP’s capability to deliver innovative financial solutions to clients across Africa and around the World. www.Verdant-Cap.com 

    About Miro Forestry & Timber Products:
    Founded in 2009, Miro is a vertically integrated plywood manufacturing business headquartered in the United Kingdom, with operations in Ghana and Sierra Leone. The company manages over 20,000 hectares of sustainably planted timberland, producing high-quality FSC-certified hardwood plywood and ancillary timber products. Miro supplies customers globally, including in North America, Europe, the Middle East, and in local African markets.  Miro employs over 4,000 people.

    About Lagata:
    Lagata invest in businesses in growth markets, with a specific expertise in emerging markets and particularly in Sub–Saharan Africa. Lagata puts responsible investment at the core of its investment strategy, focusing on growing businesses that can generate sustainable profits and create a positive social and environmental impact. Lagata adds long-term value to their businesses while aiming to improve the infrastructure where they operate. Lagata achieves this through hands on involvement, and by connecting these companies to the ecosystem of support services that Lagata have built up throughout the region.

    Media files

    .

    MIL OSI Africa –

  • MIL-OSI Africa: Finance Minister Inaugurates New Board of Agricultural Development Bank

    Source: APO


    .

    The Minister for Finance, Dr. Cassiel Ato Forson, has inaugurated a new Board of Directors for the Agricultural Development Bank (ADB), with a call on the members to stay true to the bank’s core mandate of championing Ghana’s agricultural transformation.

    At a brief ceremony to formally induct the board, the Minister underscored the critical role of agriculture in national development, noting that no country can achieve sustainable growth without a vibrant and resilient agricultural sector.

    “I have therefore tasked the new board to remain focused and guided by their primary mandate — serving Ghana’s agricultural sector,” he stated.

    In a significant announcement, Dr. Ato Forson assured the new board and management of plans to recapitalize the Agricultural Development Bank in 2026.

    This move, he explained, is aimed at strengthening ADB’s financial position to better support farmers, agribusinesses, and agricultural value chain initiatives.

    The newly inaugurated board is chaired by Mr. Kenneth Kwamina Thompson, with Mr. Edward Ato Sarpong serving as Managing Director.

    Other distinguished members include:

    •             Hon. Andrew Dari Chiwitey

    •             Mr. Siisi Essuman-Ocran

    •             Hon. Dr. E. Prince Arhin

    •             Hon. Misbahu Mahama Adams

    •             Wing Commander Samuel J.A. Allotey

    •             Mr. Courage Akanwunge Asabagna

    •             Mr. Abdul Nasir M. Saani

    Distributed by APO Group on behalf of Ministry of Finance – Republic of Ghana.

    MIL OSI Africa –

  • MIL-OSI Africa: Finance Minister Inaugurates New National Investment Bank (NIB) Board, Hints at Major Recapitalisation Plan

    Source: APO


    .

    Finance Minister Dr. Cassiel Ato Forson has inaugurated a new 9-member board for the National Investment Bank (NIB), pledging a major government decision to recapitalise the bank.

    Speaking at the inauguration ceremony, Dr. Ato Forson acknowledged that NIB had been subjected to political interference in the past but emphasized that this era has come to an end. “NIB was turned into a political football. But that ends now,” the Finance Minister declared.

    The Finance Minister revealed that the government has taken a bold decision to recapitalise NIB and committed to reveal fuller details of the NIB recapitalisation plan during the upcoming mid-year review.

    The newly inaugurated board is chaired by Mr. Frank Adu Jnr., who expressed gratitude to the Finance Minister and appealed for continued support to help turn around the bank’s fortunes.

    The complete board composition includes Managing Director, Dr. Doli-wura Awushi Abdul-Malik Seidu Zakarai, Hon. Dr. Othniel Ekow Kwainoe, Hon. Ebenezer Kwaku Addo. Other members are Dr. Mrs. Mercy Naa Aku Ofei-Koranteng, Dr. Shani Bashiru, Mr. Max George Cobbina, Dr. Kwasi Akyem Apea-Kubi, and Dr. Alfred Attuquaye Botchway.

    Distributed by APO Group on behalf of Ministry of Finance – Republic of Ghana.

    MIL OSI Africa –

  • MIL-OSI Russia: Chinese Premier Returns to Beijing After Official Visit to Egypt

    Translation. Region: Russian Federal

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

    An important disclaimer is at the bottom of this article.

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

    BEIJING, July 11 (Xinhua) — Chinese Premier Li Qiang returned to Beijing on a chartered plane on Friday after completing an official visit to Egypt.

    He was seen off at the airport by Egyptian Minister of Investment and Foreign Trade Hassan El-Khatib and Chinese Ambassador to Egypt Liao Liqiang. -0-

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

    .

    MIL OSI Russia News –

  • MIL-OSI Economics: Strengthening Armenian SMEs: New BSTDB Agreement Signed in Yerevan

    Source: Black Sea Trade and Development Bank

    Press Release | 10-Jul-2025

    USD 7 Million Loan Facility to Enhance SME Competitiveness and Regional Integration

    The Black Sea Trade and Development Bank (BSTDB) signed a new SME loan facility agreement with the Development and Investments Corporation of Armenia (DICA) during the Business Forum “Armenia: Accelerating Regional Success”, held in the margins of the Bank’s Annual Meeting in Yerevan.

    Under the agreement, BSTDB will provide a USD 7 million loan to DICA for on-lending to local small and medium-sized enterprises (SMEs). This second BSTDB facility for our partner institution will support businesses in meeting their capital expenditure and working capital needs.

    The operation reflects BSTDB’s strategic commitment to fostering inclusive economic growth, job creation, and cross-border business ties in line with broader regional development priorities. By targeting the SME sector—a key pillar of Armenia’s economy—the facility aims to boost productivity, improve competitiveness, and expand the export potential of Armenian enterprises.

    Building on a strong track record of cooperation with DICA, the loan will allow BSTDB to deepen its impact in Armenia’s financial sector and extend access to finance for a wider range of entrepreneurs. The initiative supports the Bank’s broader mandate to promote economic resilience and institutional development across the Black Sea region.

    Signing the agreement, the BSTDB President, Dr. Serhat Köksal, commented: “Supporting Armenia’s dynamic SME sector is a priority for BSTDB. Through our partnership with DICA, an Armenian state-owned entity, we are helping businesses access the capital they need to invest, expand, and contribute to the country’s prosperity. Signing this agreement during the Business Forum in Yerevan highlights the role of collaboration in driving private sector development and deepening economic ties across the Black Sea region.”

    “We highly appreciate the continuation of our effective partnership with the Black Sea Trade and Development Bank. This loan agreement is also evidence of our successful cooperation and allows us to expand our investments in the SME sector of Armenia. DICA, as an institution actively participating in the financial system of the Republic of Armenia, is committed to its mission to make financial resources available to the real sector of the economy. The 7 million USD attracted from BSTDB will be directed to increasing the competitiveness of Armenian business, creating jobs and regional integration, contributing to the sustainable development of our country’s economy,” said Artur Badalyan, Executive Director of the Development and Investment Corporation of Armenia (DICA).

     

    The Development and Investments Corporation of Armenia (DICA), was founded in 2009 as a universal credit organization, used as a vehicle to finance Armenian SMEs and certain investment projects and facilitate the development of Armenian economy. 100% of DICA shares are owned by the Government of Republic of Armenia through the Investment Support Center (ISC – 50.9%) and the Ministry of Finance (49.1%). Aiming to develop and strengthen public-private partnership, the Corporation has assumed the role of a special intermediary in the RA financial market, financing the real sector of the economy. DICA is one of the participants in the financial system of the Republic of Armenia, controlled by the Central Bank of the Republic of Armenia. More information at: www.dica.am/en

    The Black Sea Trade and Development Bank (BSTDB) is an international financial institution established by Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Moldova, Romania, Russia, Türkiye, and Ukraine. The BSTDB headquarters are in Thessaloniki, Greece. BSTDB supports economic development and regional cooperation by providing loans, credit lines, equity and guarantees for projects and trade financing in the public and private sectors in its member countries. The authorized capital of the Bank is EUR 3.45 billion. For information on BSTDB, visit www.bstdb.org.

     

    Contact: Haroula Christodoulou

    : @BSTDB

    MIL OSI Economics –

  • MIL-OSI Economics: BSTDB Supports Armenian SMEs with New USD 20 Million Facility to ARMECONOMBANK

    Source: Black Sea Trade and Development Bank

    Press Release | 10-Jul-2025

    New financing to strengthen SME growth, employment, and regional trade ties

    Armenian small and medium-sized enterprises (SMEs) are set to benefit from a new USD 20 million SME Facility provided by the Black Sea Trade and Development Bank (BSTDB) to ARMECONOMBANK (Armenian Economy Development Bank), a longstanding partner financial institution in Armenia.

    Signed on the sidelines of the Bank’s Business Forum, “Armenia: Accelerating Regional Success”, this new facility will be on-lent to Armenian SMEs to enhance their liquidity, expand operations, and strengthen their capacity to engage in cross-border trade. The financing is expected to support employment, income generation, and regional trade growth.

    “Our cooperation with ARMECONOMBANK is a testament to what long-term partnerships can achieve. Over the years of working with our partner bank, we have helped hundreds of Armenian SMEs access funding to sustain their activities and growth plans. This new facility, signed at our Business Forum, underlines BSTDB’s role in fostering regional integration and creating real economic opportunities for Armenian businesses through improved access to finance and cross-border trade”, said Dr. Serhat Köksal, President of BSTDB.

    Artak Arakelyan, the CEO of ARMECONOMBANK OJSC says: “We would like to express our deep gratitude for the strategic cooperation between ARMECONOMBANK and BSTDB starting from far 2007. Throughout these 18 years AEB has emphasized the importance of cooperation with international organizations, the evidence of which is the comprehensive partnership record with first class IFIs witnessed by the successful projects and the level of trust towards the Bank. This is the subsequent SME Facility that will allow our bank to unlock the long-term financing with competitive conditions to clients at this challenging time.”

    BSTDB’s cooperation with ARMECONOMBANK began in 2007 and has since delivered three SME loan facilities totaling USD 25 million.

     

    ARMECONOMBANK OJSC is one of the oldest universal commercial banks in Armenia, focusing on SME and retail business development. Being in the top 10 Armenian banks, it is represented in all regions of the country through a network of 53 branches. Armeconombank is rated by Moody’s Investors Service and Fitch Ratings. Detailed information at: www.aeb.am

    The Black Sea Trade and Development Bank (BSTDB) is an international financial institution established by Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Moldova, Romania, Russia, Türkiye, and Ukraine. The BSTDB headquarters are in Thessaloniki, Greece. BSTDB supports economic development and regional cooperation by providing loans, credit lines, equity and guarantees for projects and trade financing in the public and private sectors in its member countries. The authorized capital of the Bank is EUR 3.45 billion. For information on BSTDB, visit www.bstdb.org.

     

    Contact: Haroula Christodoulou

    : @BSTDB

    MIL OSI Economics –

  • MIL-OSI China: Chinese premier returns to Beijing after official visit to Egypt

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

    BEIJING, July 11 — Chinese Premier Li Qiang returned to Beijing on Friday aboard a chartered plane after concluding an official visit to Egypt.

    Li was seen off from the airport by the Egyptian Minister of Investment and Foreign Trade Hassan El Khatib and Chinese Ambassador to Egypt Liao Liqiang.

    MIL OSI China News –

  • MIL-OSI Australia: Call for information – Assault – Nightcliff

    Source: Northern Territory Police and Fire Services

    The NT Police Force are calling for information in relation to an assault that occurred at the intersection of Dick Ward Drive and Progress Drive yesterday evening.

    About 10pm, the Joint Emergency Services Communication Centre received a report that a female was allegedly physically and sexually assaulted by a male who then ran from the area.

    Members of the public intervened and assisted police in locating the suspect, who was arrested a short time later. The 19-year-old male was taken into police custody and investigations are ongoing. The detail of any relationship between the parties forms part of the investigation.

    The victim was conveyed to the Royal Darwin Hospital for medical assessment.

    Detective Senior Sergeant Caragh Hen said, “This incident occurred in a very public place, in full view of pedestrians and motorists.  The reported offending is abhorrent and brazen and has no place in our Community.”

    Investigations remain ongoing and anyone with information is urged to contact police on 131 444 and reference job number NTP2500070146. Anonymous reports can be made through Crime Stoppers on 1800 333 000 or via https://crimestoppersnt.com.au/.

    If you have CCTV or dashcam footage of the incident, it may be uploaded here: https://ntpol.au.evidence.com/axon/community-request/public/ntp2500070146

    The NT Police Force thanks the witnesses who intervened on this occasion to protect the victim and prevent further violence.

    If you or someone you know are experiencing difficulties due to violence, support services are available, including, but not limited to 1800RESPECT (1800 737 732) or Lifeline (131 114).

    MIL OSI News –

  • MIL-OSI Russia: NSU developed a board game “Startup Race”

    Translation. Region: Russian Federal

    Source: Novosibirsk State University –

    An important disclaimer is at the bottom of this article.

    NSU Startup Studio developed a board game “Startup Race”, which simulates the actions of a startup in a real market. The game includes all stages of a startup’s life – from developing an idea to exiting the project. It allows you to show students and anyone interested in and planning to engage in entrepreneurship in a simple form what awaits them in the market. The game is implemented in a rare genre of “strategic puzzle”, at the moment there are no analogues on the market. In the near future, a boxed version of the game will appear, which will be available for pre-order. Anyone can buy it.

    The game is structured as follows: participants roll dice in accordance with the stage of the startup’s life, which is announced in advance by the game host. They draw cards from the deck, presented as Tetris figures. The figures build a line, which, in essence, reflects the entire life cycle of the project. Cards or figures are opportunities (for example, fundraising) or risks.

    The first stage of startup development is the idea, when the project is just emerging. It is the easiest for players, since at the very beginning, participants have the most cards and it is easiest to lay the foundation for further development of the project. The next stage is MVP (Minimum Viable Product), that is, the creation of a minimum viable product. At this stage, some obstacles to the development of the project appear, for example, the idea has not come true or the participant cannot achieve certain technical indicators. The number of figures decreases.

    The next stage is Product-Market Fit (PMF), i.e. checking the product’s compliance with the market. At this stage, players develop a concept taking into account the real market situation, a marketing plan, and the project gets its first real clients. At the same time, risks arise that can destroy the project.

    Next comes the scaling stage, when the project can already attract fundraising funds, which is also reflected in the game. Fundraising funds are special cards that provide a significant boost to the further development of the project. The last stage is exiting the project, which is associated with the greatest risks for the creator. Investments can also be attracted at this stage, but the opportunities for scaling are limited. This is one of the longest stages for the project and its founder. Possible exit strategies include selling the business, shares, public offering of shares (IPO), etc.

    — A player can develop several projects simultaneously and build different strategies on several markets — tracks. It is very important that your main project, on which you place a high bet, has repeating figures. There are risks — these are cards that can remove one of the figures within the entire chain, which can lead to the collapse of the project. There are specialized cards — fundraising, which, on the contrary, give you additional opportunities. In terms of Tetris, these are the most “favorable” figures — for example, a long straight line. You can simultaneously invest in several projects or develop only one, but in any case, your task is to successfully develop the project, go through all the stages and bring the startup to the final stage as quickly as possible, — explained Konstantin Kravtsov, an employee of the NSU Startup Studio.

    The game simulates market competition, so within its framework you can hinder or, conversely, help your rivals. Also here are such mandatory elements of entrepreneurial activity as risk assessment and diversification, choice of development strategy – conservative or risky. Thus, the game in a simplified mechanical form simulates the actions of a person who develops his startup on the market.

    The game is designed for different groups of people, including those who are not very knowledgeable about the startup market; children also actively play it.

    — The Startup Race is not just entertainment, but a tool for involving the general public in entrepreneurship. It helps to understand that a startup is not just a “cafe”, but an innovative, fast-growing business that scales. The NSU Startup Studio team plans to replicate the game. At first, it will be packaged in a boxed version, and then it will be available for pre-order. The possibility of creating an elite version of the game, which can be used as representative gifts, is also being considered, — emphasized Alexey Starostin, a representative of the NSU Startup Studio.

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

    .

    MIL OSI Russia News –

  • MIL-OSI: Tryg A/S – interim report Q2 and H1 2025

    Source: GlobeNewswire (MIL-OSI)

    Tryg’s Supervisory Board has today approved the interim report for Q2 and H1 2025.

    Tryg reported an insurance service result of DKK 2,307m (DKK 2,020m) and a combined ratio of 77.2% (78.8%) in Q2 2025. The higher insurance service result was supported by a growth of 4.0% (3.9%) in local currencies and a continued underlying profitability improvement. The investment result was at DKK 110m (DKK 538m). Pre-tax profit was DKK 2,035m (DKK 2,129m) and profit after tax was DKK 1,531m (DKK 1,642m). Ordinary dividend of DKK 2.05 (DKK 1.95) per share for the quarter, is an increase of more than 5% from last year. The reported solvency ratio at the end of Q2 2025 was 199% (195% Q1 2025), supportive of future shareholder remuneration.

    Financial highlights Q2 2025

    • Insurance revenue growth of 4.0% in local currencies (3.9%)
    • Insurance service result of DKK 2,307m (DKK 2,020m)
    • Combined ratio of 77.2% (78.8%)
    • Expense ratio of 13.5% (13.6%)
    • Investment result of DKK 110m (DKK 538m)
    • Profit before tax of DKK 2,035m (DKK 2,129m)
    • Ordinary dividend of DKK 2.05 (DKK 1.95) per share and solvency ratio of 199% (195% Q1 2025)

    Financial highlights H1 2025

    • Insurance revenue growth of 3.9% in local currencies (4.4%)
    • Insurance service result of DKK 3,846m (DKK 3,300m)
    • Combined ratio of 80.7% (82.7%)
    • Expense ratio of 13.4% (13.6%)
    • Investment result of DKK 430m (DKK 650m)
    • Profit before tax of DKK 3,526m (DKK 3,136m)
    • Ordinary dividend of DKK 4.10 (DKK 3.90) per share and solvency ratio of 199%

    Customer highlights Q2 2025

    • Customer satisfaction score of 82 (baseline 2024 is 81)

    Statement by Tryg Group CEO, Johan Kirstein Brammer:
    In the past quarter, we have continued to strengthen our core business, allowing us to report a strong insurance service result for Q2 2025 and maintaining a solid combined ratio. We have once again managed to increase our customer satisfaction, while at the same time improving our underlying claims ratio. We are sustaining strong early progress as we execute our 2027 strategy as a result of several targeted initiatives across our markets such as continued profitability improvements in Norway, while we are firmly in control of developments in the motor portfolio as frequencies and average claims develop favourably.

    New accounting policy: Adjusted financial key figures

    In March 2025, Tryg published a newsletter on a change in the hedging strategy of inflation risk related to long-tailed lines of business. In accordance with accounting regulation, comparison figures have been restated. Q2 2024 was significantly affected, hence a comparison of reported and restated figures are shown below. The restatement simply moves income between the insurance service result and the investment result, and hence the profit/loss before tax is unchanged. For more details on the inflation hedge, see the IR newsletter.

    Restated key figures for Q2 2024 (*):

    DKKm Q2 2025 Q2 2024
    reported    		 Q2 2024
    restated
    Insurance service result 2,307 2,212 2,020
    Net investment result 110 347 538
    Other income and costs -381 -430 -430
    Profit/loss before tax 2,035 2,129 2,129


    Conference call
    Tryg hosts a conference call today at 10:00 CET. CEO Johan Kirstein Brammer, CFO Allan Kragh Thaysen, CTO Mikael Kärrsten and Head of Financial Reporting, SVP Gianandrea Roberti will present the results in brief followed by Q&As.

    The conference call will be held in English. An on-demand version will be available shortly after the conference call has ended.

    Conference call details:
    Danish participants:        +45 78 76 84 90
    UK participants:        +44 203 769 6819
    US participants:        +1 646 787 0157
    PIN: 560768

    The interim report material can be downloaded on www.tryg.com/downloads-2025 shortly after the time of release.

    Contact information:

    Visit tryg.com for more information.

    Attachment

    The MIL Network –

  • MIL-OSI Australia: Experienced police express posted to the frontline

    Source: New South Wales – News

    A former UK Soldier turned police officer, a sexual offences investigator, and a counter terrorism specialist are just some of the backgrounds of the experienced overseas and interstate officers graduating from the South Australia Police (SAPOL) Academy today.

    Course 4 of the SAPOL 15-week transition program includes 20 experienced officers from across the UK, Republic of Ireland, and interstate. Collectively, this course brings over 130 years of policing experience to South Australia.

    The majority have transferred from general patrol and road policing positions with others bringing specialist policing expertise across areas such as Domestic Abuse, Neighbourhood Response, and Organised Crime.

    Among the graduates is Lewis, who previously served as an emergency response officer with Gloucestershire Constabulary and spent nearly nine years as a frontline soldier in the British Army.

    “I’m just very proud to be able to call Australia our home after trying to get here for 10 years,” he said.

    “To be able to do the same job I loved in the UK but for such a great organisation in a truly stunning place – it’s changed our lives.”

    Amy, who served as a Police Constable with Police Scotland for 15 years across a range of investigative and specialist roles –which include the Divisional Rape Investigation and Domestic Abuse Investigation — is graduating alongside her husband, Cameron, who is also bringing 12 years’ experience.

    “We had never visited Australia before moving here, and we are looking forward to exploring our new country as a family,” Amy said.

    “SAPOL offers so many opportunities – from good career progression to better salary and working conditions. Although the procedures are different, the skills we gained back home will help us to proudly serve and support our new communities.”

    Today’s graduates will be posted across metropolitan and regional South Australia, including the Limestone Coast, Murray Mallee and the Eyre and Western regions.

    Alongside domestic recruiting, SAPOL continues to actively recruit experienced officers from interstate and overseas jurisdictions, offering competitive salaries, six weeks’ annual leave, and a supportive transition program.

    STP4 Graduates Lewis and Amy

    STP4 Graduates Amy and her husband Cameron

    MIL OSI News –

  • MIL-OSI: XRP Pushes Toward $5 After Senate Momentum — MAGACOIN FINANCE Launches Cross-Wallet Access Feature

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, July 11, 2025 (GLOBE NEWSWIRE) — MAGACOIN FINANCE today announced the launch of its cross-wallet access feature, enabling seamless user interaction across both mobile and desktop ecosystems. This infrastructure advancement comes as the digital asset sector experiences renewed institutional interest and regulatory clarity.

    The cross-wallet integration represents a significant milestone in MAGACOIN FINANCE’s roadmap execution, coinciding with the project’s ongoing CertiK smart contract audit that reinforces its commitment to long-term integrity and security infrastructure.

    Key Features of MAGACOIN FINANCE’s Cross-Wallet Integration:

    • Full compatibility with MetaMask, Trust Wallet, and Coinbase Wallet
    • Secure multi-device syncing with built-in anti-phishing protocols
    • Enhanced user interface designed to streamline staking, rewards, and future on-chain services
    • Seamless accessibility across mobile and desktop platforms

    The feature rollout aligns with MAGACOIN FINANCE’s focus on user-protection standards and accessibility, addressing modern investor expectations around security, auditability, and risk mitigation.

    “This cross-wallet integration marks a pivotal step in our infrastructure evolution,” said a MAGACOIN FINANCE spokesperson. “We’re building with modern tools that meet emerging expectations around accessibility and security, positioning ourselves for widespread adoption in the evolving digital asset landscape.”

    The announcement follows MAGACOIN FINANCE’s recent progress on multiple fronts, including the ongoing CertiK audit process and continued development of its compliance-focused ecosystem.

    Key Milestones Achieved by MAGACOIN FINANCE:

    • Fully audited and transparent smart contract.
    • Over $10.54 million raised from real, verified investors.
    • Clear and fair tokenomics with public accountability.
    • Strategic roadmap featuring staking rewards, community incentives, and upcoming centralized exchange (CEX) listings.
    • Analysts project up to 75x returns based on current pricing and anticipated post-launch adoption.

    As regulatory frameworks continue to evolve and institutional interest in digital assets grows, MAGACOIN FINANCE positions itself as a technologically advanced project built from the ground up with compliance alignment and scalable infrastructure.

    About MAGACOIN FINANCE

    MAGACOIN FINANCE is building a future-ready crypto ecosystem centered on integrity, utility, and investor-first design. The project is engineered to meet modern standards for security and transparency, with a fully audited smart contract and a structured token model that promotes long-term health. By prioritizing risk-reduction, compliance alignment, and scalable infrastructure, MAGACOIN FINANCE aims to provide a reliable foundation for widespread adoption in the evolving digital asset landscape.

    For full details and participation options please visit:

    Contact Details

    For investor inquiries, media coverage, or partnership opportunities, please contact our dedicated PR team:

    PR Specialist:

    Rebecca Miles
    Email: rebecca@magacoinfinance.com

    Disclaimer: This press release is provided by MAGACOIN FINANCE. 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. 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. 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. Speculate only with funds that you can afford to lose. In the event of any legal claims or charges against this article, we accept no liability or responsibility.
    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 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/a5582c7e-323d-4b38-b84b-0cdb3ecddee5

    The MIL Network –