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Category: Technology

  • MIL-OSI Economics: Huawei’s New Single SitePower Solution Creates Four Synergies to Accelerate Site Intelligence

    Source: Huawei

    Headline: Huawei’s New Single SitePower Solution Creates Four Synergies to Accelerate Site Intelligence

    [Dubai, UAE, May 27, 2025] During the 9th Global ICT Energy Efficiency Summit in Dubai, Huawei showcased its next-generation digital and intelligent site power facility solution Single SitePower, which is set to drive the intelligent transformation of ICT energy infrastructure. Themed “Green Site, Building an Intelligent Future,” the Summit brought together industry leaders and energy experts from leading operators, tower companies, and industry organizations worldwide gathered at the event to discuss the energy transition for greener ICT.
    Global operators and tower companies are facing a wide range of energy challenges. The communications industry consumes 2.5% of the world’s electricity, with base stations accounting for over 60%. Along with the rapid development of new technologies such as AI, network traffic and energy consumption are surging. Additionally, power shortages, aging infrastructure, and natural disasters put immense strain on network resilience and evolution. To help overcome these challenges, the Single SitePower solution leverages technological innovations to build four intelligent synergy systems, helping operators build simple, green, resilient, and safe sites.

    Single SitePower

    Solar-Battery Synergy: Based on Huawei’s iSolar green site solution, solar systems and lithium batteries can be deployed at sites to ensure diverse energy supplies, reducing the risk of site breakdown due to external energy environment changes. Moreover, the Solar-Battery Synergy technology enables the 100% integration of surplus solar energy, increasing the energy yield by 55% compared with the traditional solution.
    Power-Grid Synergy: Huawei’s iGrid grid adaptation technology helps base stations run stably even in the case of frequent power outages and weak grids. In Africa, the technology has helped operators improve the site power availability (PAV) from 60% to 99.9% in areas with frequent power outages.
    Power-RAN Synergy: Huawei’s unique adaptive power backup technology doubles the power backup time for communication services without changing the battery configuration. In Europe, the solution has helped operators cope with large-scale power outages, with the power backup time drastically extended from 2.5 hours to more than 7 hours.
    Power-Service Synergy: Huawei’s O&M management system integrates AI diagnosis to implement proactive analysis, risk prediction, precise fault locating, rapid root cause analysis, and precise energy scheduling. This improves network O&M efficiency and fault recovery speed, enhances network resilience, and reduces OPEX by 50%.

    James Chen, President of Huawei’s Carrier Business

    According to James Chen, President of Huawei’s Carrier Business, the levelized costs of electricity (LCOE) of solar systems and batteries keep declining, and their payback periods have become shorter, presenting tremendous opportunities for operators and tower companies to achieve the green energy transition. Huawei integrates digital and power electronics technologies, drives intelligent transformation through high-quality products, and continuously develops innovative energy infrastructure solutions for the digital industry. These efforts will accelerate the green energy transition and promote the sustainable development of operators and tower companies, paving the way for a better, greener future.

    MIL OSI Economics –

  • MIL-OSI Global: How vitamin B12 deficiency may disrupt pregnant women’s bodies

    Source: The Conversation – UK – By Adaikala Antonysunil, Senior Lecturer in Biochemistry, School of Science and Technology, Nottingham Trent University

    Just Life/Shutterstock

    Despite living in an age of dietary abundance, vitamin B12 deficiency is on the rise.

    One major culprit? Our growing reliance on ultra-processed foods (UPFs) – those convenient, calorie-dense and nutrient-poor products that dominate supermarket shelves. While they might fill us up, they’re fuelling a global epidemic of “hidden hunger”.

    This refers to a lack of essential micronutrients including B12, folate, iron and zinc, even when people consume enough (or too many) calories. It’s often invisible but can have long-term consequences, particularly for vulnerable groups like pregnant women, children and the elderly.

    B12 deficiency in pregnancy, especially in the context of a diet high in ultra-processed foods, can disturb how fat is processed and increase systemic inflammation. This raises the risk of long-term health problems for both mother and baby.

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

    A recent study shed light on how B12 deficiency during pregnancy may disrupt two critical systems in the body: fat metabolism and inflammation – both of which are closely linked to chronic diseases like heart disease and type 2 diabetes.

    Researchers studied fat tissue from 115 pregnant women with low B12 levels, focusing on two types of abdominal fat: subcutaneous (under the skin) and omental or visceral (around the organs). They also examined lab-grown fat cells exposed to different B12 levels and collected samples from women of different body weights.

    The results were striking. Women with low B12 had higher body weight and lower levels of HDL (the “good” form of cholesterol). Their fat cells showed increased fat storage, reduced fat breakdown, and impaired mitochondrial function – the energy engines inside our cells.

    Most concerning, these women’s fat tissue released higher levels of inflammatory molecules, suggesting that B12 deficiency might place the body into a constant state of low-grade stress.

    Ancient molecule

    What sets B12 apart from other vitamins is that it’s made exclusively by bacteria and archaea (tiny single-celled organisms similar to bacteria but with important genetic and biochemical differences). Neither plants, animals nor humans can produce B12.

    Some scientists even speculate that B12 may have formed prebiotically, before life itself began. It shares part of its structure, known as a tetrapyrrole ring, with several other of life’s most vital compounds including chlorophyll (for photosynthesis) and heme (for carrying oxygen in our blood).

    Although heme has typically been seen as the elder of all these molecules, recent evidence suggests B12 might have come first. Its core structure – a tetrapyrrole known as the corrin ring – has been found in bacteria that don’t produce heme at all, hinting at even deeper evolutionary roots.

    Because humans can’t make B12, we depend on our diet to get it. Ruminant animals like cows and sheep are able to host B12-producing bacteria in their stomachs and absorb the nutrient directly. We, however, must obtain it from animal-based foods – or from supplements and fortified products.

    Since plants neither produce nor store B12, vegetarians and vegans are at higher risk of this deficiency unless they supplement regularly. As diets become more processed and less diverse, B12 intake and absorption drops, leading to problems in brain function, metabolism and fetal development. Often, the deficiency isn’t spotted until symptoms become serious or irreversible.

    The takeaway is that we need to pay more attention to micronutrients, not just calories. Ensuring adequate B12 levels, particularly before and during pregnancy, is crucial. That means prioritising whole foods, fruits, vegetables and quality sources of protein, while limiting ultra-processed products.

    From the primordial soup to the modern dinner plate, vitamin B12 is more than a nutrient – it’s a molecular link between our evolutionary past and our future health. Recognising its importance might just be one of the most powerful steps we can take toward a healthier, more informed life.

    Adaikala Antonysunil receives funding from DRWF, BBSRC, Rosetrees Trust and Society of Endocrinology.

    – ref. How vitamin B12 deficiency may disrupt pregnant women’s bodies – https://theconversation.com/how-vitamin-b12-deficiency-may-disrupt-pregnant-womens-bodies-256244

    MIL OSI – Global Reports –

  • MIL-OSI Video: [Call for action] Finalizing the UN convention on negotiable cargo documents | United Nations

    Source: United Nations (Video News)

    At its upcoming 58th session, the United Nations Commission on International Trade Law (UNCITRAL) is expected to finalize a draft convention on negotiable cargo documents. The draft convention establishes negotiable cargo documents as new negotiable documents of title representing goods in transit across all modes of transport, which could be used to enhance flexibility in trade, bridge the trade finance gap and support the digital transformation of global trade. Once finalized, the draft convention will be submitted to the United Nations General Assembly for adoption in late 2025.

    Websites:
    https://uncitral.un.org/en/working_groups/6/negotiablecargodocuments
    https://uncitral.un.org/en/ncdconference2025

    https://www.youtube.com/watch?v=x-xXcWxW1w8

    MIL OSI Video –

  • MIL-OSI United Kingdom: Increasing automated detection capabilities at the UK border 

    Source: United Kingdom – Executive Government & Departments

    Case study

    Increasing automated detection capabilities at the UK border 

    Border Force wants to expand its use of artificial intelligence in the searching and screening of freight at UK seaports by automating anomaly detection.

    As cross-border traffic continues to grow, Border Force aims to expand its use of artificial intelligence (AI) to enhance the searching and screening of freight at UK seaports. To balance security with the smooth movement of legitimate goods, the agency is seeking to automate the detection of anomalies in x-ray images, as manual analysis is both time-consuming and prone to error.  

    AI-driven automation will not only speed up screening times but also increase the volume of goods processed. Additionally, it will free up officers to focus on critical tasks, reduce false alarms and minimise unnecessary secondary inspections. 

    To achieve this, Border Force turned to the Accelerated Capability Environment (ACE) for support in organising and analysing its extensive x-ray image database, which had previously been stored inconsistently across multiple data structures. ACE was initially tasked with creating a fully indexed and standardised repository of x-ray images and associated data—making it easily accessible to analysts and suitable for AI algorithm development. 

    Six ACE suppliers—Faculty, Leonardo, Polygeist, Roke, Symetrica and Zaizi—collaborated to explore innovative AI and machine-learning methodologies for anomaly detection. Using the newly indexed data, they developed three use cases: vector integrity, pattern recognition and high-density material detection.  

    The insights gained were presented to Border Force at a demonstration day, where all three approaches showed strong operational potential for further development.  

    The success of the initiative prompted Border Force UK Deputy Director, Chino Nwachukwu, to share a glowing endorsement on LinkedIn, praising the “quality and professionalism” of the team. Reflecting on the project’s impact, he stated: 

    “I’m still buzzing from the high on which I ended last week, having spent the last few months working with some of the best brains in Britain to explore the potential of Artificial Intelligence and Machine Learning techniques in Border Security.” 

    There is now a need to take these solutions forward for trials in a controlled operational environment. In order to plan for this, a recently completed commission assessed the capability requirements and the feasibility of integrating these solutions into Border Force systems. This commission analysed Border Force’s data, systems and applications, consolidating the data into a unified, structured format. Trials were conducted with Border Force staff across multiple ports to evaluate the AI anomaly detection system.  

    The success of these commissions has led to a request for further development, forming the foundation of a business case for wider AI implementation across Border Force operations.

    Updates to this page

    Published 27 May 2025

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Working lean and fast: the Coefficient ACE supplier story  

    Source: United Kingdom – Executive Government & Departments

    Case study

    Working lean and fast: the Coefficient ACE supplier story  

    Consultancy Coefficient wants to elevate the global standard of data science, machine learning and AI.

    Coefficient is an AI and data consultancy that brings the fast-paced energy of start-ups into ACE. As CEO John Sandall puts it, by staying “incredibly lean and incredibly fast”, Coefficient aims to elevate the global standard of data science, machine learning and artificial intelligence (AI), one project at a time. 

    This culture is maintained by a “small but mighty” team of data scientists, software engineers, statisticians and machine-learning specialists, who are passionate about open-source technologies and agile delivery.  They make data work as hard as possible, exploring opportunities for machine learning or AI that can improve processes or enable deeper insights.

    However, Coefficient never just applies technology for the sake of it—they start by asking the right questions to get to the root of the problem. From there, research-grade statistical methods are combined with a practical, problem-solving approach. The outcome is that organisations can distil complex patterns from their people, products and performance into actionable intelligence.   

    “We take what works in one industry and apply it somewhere else—for instance, Coefficient used techniques for hedge fund market prediction models to help forecast election outcomes,” says Sandall. For over a decade, Coefficient has applied these learnings to create innovative solutions across private, public and educational sectors. They also run more than 200 workshops a year, helping major banks and organisations learn more about Python, data science and AI.  

    Coefficient joined ACE in early 2021 and has since worked on 12 independent projects, growing to a team to 10 people. “Day-to-day life is pretty exciting because we get to change the lives of possibly millions of people across the UK and that drives a high level of motivation within my team,” says Sandall.  

    Two notable projects illustrate Coefficient’s achievements within ACE. For one law enforcement commission, the team completed a discovery phase and developed a machine-learning model that mimicked the results obtained by existing manual methods in just 12 weeks. The tool was then tested in real-world conditions as well as presented to government ministers. 

    For a different law enforcement project, Coefficient evaluated a number of commercial redaction tools that use AI to replace faces, text and audio in sensitive media. The team assessed whether each tool met the specific needs of policing while adhering to strict legal and ethical standards. As part of this research, Coefficient also demonstrated cutting-edge techniques and built rapid proof-of-concepts for sanitising media. This helped stakeholders understand current state-of-the-art technologies to make informed investment decisions and see how current redaction processes could be made more efficient. 

    Sandall said: “Alongside impact, ACE encourages a modern way of working by building fast and then iterating. ACE’s matchmaking has had Coefficient working alongside other SMEs that we would never meet otherwise, with the complementary skills necessary to tackle each problem.  

    “We’ve met partners through ACE leading to wider opportunities, such as with Bays for a £100k Innovate UK grant to guide the Department for Science, Innovation and Technology on AI ethics. The killer thing about ACE is it’s not just a tendering framework; it’s a community of suppliers where collaboration is supported and encouraged.”

    Updates to this page

    Published 27 May 2025

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: UK announces new action to detect hostile state activity using AI, on visit to the Arctic

    Source: United Kingdom – Executive Government & Departments

    Press release

    UK announces new action to detect hostile state activity using AI, on visit to the Arctic

    The UK is stepping up its efforts to safeguard national security by leveraging AI to detect hostile state activity in the Arctic.

    • UK working with allies to tackle growing threats in the Arctic, and drive forward an ambitious new UK-Norway defence agreement
    • New scheme to improve monitoring capability in High North to detect hostile activity, enshrining the UK’s security – the foundation of the Plan for Change
    • UK sanctions have halted Putin’s plans to station a floating repair dock in the Arctic to service the precious icebreakers fleet.

    The UK is stepping up its efforts to safeguard national security by leveraging AI to detect hostile state activity in the Arctic, the Foreign Secretary will announce during a visit to the Arctic today (27 May 2025).

    As the UK’s two nearest Arctic neighbours and close NATO allies, what happens around Norway and Iceland affects Britain, especially our national security, the foundation of this government’s Plan for Change.

    Foreign Secretary David Lammy will see first-hand how British and Norwegian ships jointly patrol the high seas of the Arctic to detect, deter and manage increasingly sophisticated subsea threats to energy, critical national infrastructure, and security posed by Russia’s Northern Fleet.

    This comes after the Prime Minister visited Norway earlier this month for a meeting of the Joint Expeditionary Force, where he discussed further support for Ukraine with allies from the Baltic and Scandinavian states.

    While in Iceland, the Foreign Secretary will announce a new UK-Iceland scheme to use cutting edge AI technology to monitor hostile activity in the region.

    As global temperatures rise and ice caps continue to melt, previously inaccessible shipping routes are opening up. This is leading to the Arctic becoming an increasingly contested area, with countries looking to exploit new reserves of gas, oil and natural minerals, fuelling security concerns. 

    Areas close to the Arctic are also being used by Russia’s nuclear-powered icebreakers which are crucial to Putin’s High North ambitions, clearing paths for tankers helping fund his illegal war in Ukraine. This threatens maritime security and the environment, as Putin has resorted to using dodgy and decaying vessels which frequently break down increasing the risk of oil spills.

    UK sanctions have helped halt Putin’s plans to station a floating repair dock in the Arctic to service the precious icebreakers fleet.

    A tug boat – the Vengery – had been due to tow the platform, but its journey to the High North has now been halted after being sanctioned last week.

    Foreign Secretary, David Lammy, said:

    The Arctic is becoming an increasingly important frontier for geopolitical competition and trade, and a key flank for European and UK security. 

    We cannot bolster the UK’s defence and deliver the Plan for Change without greater security in the Arctic. This is a region where Russia’s shadowfleet operates, threatening critical infrastructure like undersea cables to the UK and Europe, and helping fund Russia’s aggressive activity.

    It’s more important than ever that we work with our allies in the High North, like Norway and Iceland, to enhance our ability to patrol and protect these waters. That’s why we have today announced new UK funding to work more closely with Iceland, using AI to bolster our ability to monitor and detect hostile state activity in the Arctic.

    Norway has hosted British troops’ Arctic training for more than fifty years. Our long history of defence collaboration is being taken further through a strategic agreement to strengthen both nations’ security.

    David Lammy will be the first Foreign Secretary to travel to one of the Arctic’s northernmost inhabited points when he visits the Archipelago of Svalbard witnessing how UK scientists are collaborating with Norway and partners to tackle climate change which is driving new geo-political challenges and opening new frontiers for state competition.

    Today, this work is being taken further, with new opportunities for early-career researchers on polar research vessels and at Ny Ålesund, where British scientists have been based for over 30 years. £400,000 of UK funding will support work to understand the impact of climate change and how it affects the UK – ensuring we have resilience against its effects. This follows 21 joint research projects made between the UK and Iceland during the past 18 months to strengthen our understanding of the arctic’s future.

    During the visit, the Foreign Secretary will highlight the UK’s role in securing NATO’s northern flank and protecting the region’s critical undersea infrastructure such as cables and pipelines which are crucial for stable energy supplies and telecommunications in the UK.

    Earlier this year the Prime Minister announced the biggest sustained increase in defence spending since the Cold War as a result of the changing global picture, now reaching 2.5% of GDP by April 2027, and with an ambition to reach 3% in the next Parliament subject to economic and fiscal conditions.

    Maritime security and the Arctic also feature in the UK’s ambitious new Security and Defence Partnership with the EU agreed last week, committing to work together to make Europe safer.

    In Iceland, the Foreign Secretary will visit Keflavik Air Base, where RAF jets have supported NATO air policing missions, ensuring the safety and security of Arctic airspace. He will learn how Icelandic scientists are working with their British counterparts to address climate change in vulnerable countries around the world.

    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 27 May 2025

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Open Innovation Team’s AI work at the Department for Education

    Source: United Kingdom – Executive Government & Departments

    News story

    Open Innovation Team’s AI work at the Department for Education

    Secretary of State for Education highlights Open Innovation Team in Education World Forum speech

    The Open Innovation Team (OIT) was highlighted by Secretary of State for Education Bridget Phillipson during her keynote address at the recent Education World Forum 2025.

    In her speech, the Secretary of State emphasised the importance of evidence-based innovation in EdTech to improve educational outcomes globally. She announced new investments to test educational technologies, including AI tools, with support from the OIT.

    She said:

    Working with the Open Innovation Team, we’ll be engaging the sector to understand what works. We’ll look at how tools, including AI, can improve things like staff workload, pupil outcomes and inclusivity. Evidence must be at the heart of all we do, on EdTech and right across education.

    This recognition underscores the OIT’s commitment to collaborating with the Department for Education and partners to develop and evaluate innovative solutions that enhance teaching and learning experiences across England, and beyond.

    Read the full speech here.

    Updates to this page

    Published 27 May 2025

    MIL OSI United Kingdom –

  • MIL-OSI Russia: United Kingdom: Staff Concluding Statement of the 2025 Article IV Mission

    Source: IMF – News in Russian

    May 27, 2025

    A Concluding Statement describes the preliminary findings of IMF staff at the end of an official staff visit (or ‘mission’), in most cases to a member country. Missions are undertaken as part of regular (usually annual) consultations under Article IV of the IMF’s Articles of Agreement, in the context of a request to use IMF resources (borrow from the IMF), as part of discussions of staff monitored programs, or as part of other staff monitoring of economic developments.

    The authorities have consented to the publication of this statement. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF Executive Board for discussion and decision.

    • An economic recovery is underway. Growth is projected at 1.2 percent in 2025 and will gain momentum next year, although weak productivity continues to weigh on medium-term growth prospects.
    • The authorities’ fiscal plans strike a good balance between supporting growth and safeguarding fiscal sustainability. It will be important to stay the course and deliver the planned deficit reduction over the next five years to stabilize net debt and reduce vulnerability to gilt market pressures. Further refinements of the fiscal framework could help minimize the frequency of fiscal policy changes. In the longer term, the UK will face difficult choices to align spending with available resources, given ageing-related expenditure pressures.
    • The Bank of England (BoE) should continue to ease monetary policy gradually, while remaining flexible in light of elevated uncertainty. Calibrating the monetary policy stance has become more complex, given the recent pickup in inflation, still fragile growth, and higher long-term interest rates.
    • The authorities’ Growth Mission focuses on the right areas to lift productivity. Given the breadth of the agenda, prioritizing and sequencing of structural reforms, along with clear communication, will be key to success.

    Washington, DC – May 27, 2025:

    Economic Outlook

    After a slowdown in the second half of 2024, an economic recovery is underway and is expected to gain momentum. Economic activity decelerated during 2024 H2, partly reflecting weaker export performance in the challenging global environment. In recent months, high frequency indicators have shown signs of improvement. Growth is projected at 1.2 percent in 2025 and 1.4 percent in 2026, as monetary easing, positive wealth effects, and an uptick in confidence bolster private consumption, while the boost to public spending in the October budget will also help support growth. The forecast assumes that global trade tensions lower the level of UK GDP by 0.3 percent by 2026, due to persistent uncertainty, slower activity in UK trading partners, and the direct impact of remaining US tariffs on the UK. The authorities’ structural reforms, including to planning, and the increase in infrastructure investment could increase potential growth if properly implemented. However, medium-term growth is still forecast to remain subdued relative to the pre-GFC trend, at 1.4 percent, given weak productivity.

    Risks to growth remain to the downside. Tighter-than-expected financial conditions, combined with rising precautionary saving by households, would hinder the rebound in private consumption and slow the recovery. Persistent global trade uncertainty could further weigh on UK growth, by weakening global economic activity, disrupting supply chains, and undermining private investment.

    Fiscal Policy

    The authorities’ fiscal strategy for the next five years appropriately supports growth while safeguarding fiscal sustainability. The new spending plans are credible and growth-friendly, taking account of pressures on public services and investment needs. They are expected to provide an economic boost over the medium term that outweighs the impact of higher taxation. As revenue is projected to increase, deficits are set to decline and stabilize net debt.

    It will be important to stay the course and reduce fiscal deficits as planned over the medium term. There are significant risks to the successful implementation of the fiscal strategy, from the high level of global uncertainty, volatile financial market conditions, and the challenge of containing day-to-day spending. Materialization of these risks could result in market pressures, put debt on an upward path, and make it harder to meet the fiscal rules, given limited headroom. To this end, staff recommends adhering to the current plans, and implementing additional revenue or expenditure measures as needed if shocks arise, to maintain compliance with the rules.

    In the longer term, difficult fiscal choices will likely be needed to address spending pressures and rebuild fiscal buffers. Under current policies, staff analysis suggests spending to be around 8 percent of GDP higher by 2050, mainly due to additional outlays on health and pensions from population ageing. There is limited space to finance this spending through extra borrowing, given high debt and elevated borrowing costs. Unless revenue is increased, for which there is scope, tough policy decisions on spending priorities and the role of the state in certain areas will be needed to better align the coverage of public services with available resources.

    While recent reforms of the fiscal framework enhance its credibility and effectiveness, further refinements could improve predictability and reduce pressure for frequent fiscal policy changes. The new current balance rule helps preserve space for investment, while the debt rule safeguards fiscal sustainability. The transition to a three-year rule horizon, aligned with the spending reviews, is expected to make the rules more credible, while allowing time to adjust gradually to shocks. Staff welcomes the authorities’ commitment to hold a single annual fiscal event, but notes that there is still significant pressure for frequent fiscal policy changes, given that small revisions to the economic outlook can erode the headroom within the rules, which is the subject of intense market and media scrutiny. Refinements to the fiscal framework could promote further policy stability. Options include (1) de-emphasizing point estimates of headroom in OBR assessments of rule compliance; (2) establishing a formal process so that small rule breaches do not trigger corrective fiscal action outside of the single fiscal event; or (3) assessing rules only once per year at the time of the fiscal event.

    Monetary Policy and Operations

    A gradual and flexible approach to monetary easing continues to be appropriate to support the economy and protect against inflationary risks. The pickup in inflation that began in 2024 is expected to last through the second half of this year, with a return to target later in 2026 as underlying inflationary pressures continue to recede. Although monetary policy calibration has become more difficult due to still-weak growth, the temporary rise in inflation and high long-term interest rates, staff sees the BoE’s gradual pace of easing as appropriate. Given the elevated uncertainty, the MPC is encouraged to retain flexibility to adjust the monetary stance in either direction if needed.

    The BoE should continue to strengthen its forecasting capacity and communications. Staff welcomes the implementation of the Bernanke Review and the use of scenarios and conditional guidance in the BoE’s communications. The BoE will benefit from continuing to invest in modeling capacity, data and personnel, to be able to tailor scenarios promptly as economic conditions change. In the scenarios, interest rates should be allowed to adjust to economic developments, so that the scenarios are more informative and consistent, rather than assume that interest rates follow current market expectations. Lastly, MPC members could make greater use of the information from the central forecast and the alternative scenarios to justify the MPC decision and explain their personal views.

    The BoE’s transition to a repo-based framework will mitigate balance sheet risks. QT continues to be conducted in a gradual and predictable manner. As the balance sheet normalizes, transitioning to a demand-driven approach, with reserves provided to banks mainly through repo operations, will reduce the market footprint of the BoE and limit its exposure to interest and credit risks. This will also maintain monetary control and the flexibility for new QE in the future, while providing sufficient reserves for financial stability reasons. The transition is being accompanied by a timely review of BoE instruments to consider the relative role of repo operations and asset purchases, as well as the balance between short and long-term repos.

    Financial Sector Policies

    The banking sector remains broadly resilient and macroprudential settings are appropriate, despite global financial stability risks increasing over the past year. The banking system is adequately capitalized and liquid with healthy levels of profitability, and the 2024 desk-based stress test showed that it can support households and businesses during times of severe stress. Macroprudential settings remain appropriate, as indicators of financial vulnerabilities are close to their long-term average, although global risks have risen in the past year given more volatile asset prices and credit spreads.

    Significant progress has been made assessing and reducing vulnerabilities in the non-bank sector and work should continue at the domestic and international levels. Managing risks in the sector is critical, as it accounts for over half of UK financial assets. The system-wide exploratory scenario (SWES) has improved understanding of linkages with the banking sector and contagion risks, while the BoE’s new repo facility for non-banks is in line with previous AIV recommendations. The BoE could, in the future, consider expanding access to this facility so as to include a broader range of non-banks with a large gilt market footprint, provided they are adequately supervised and regulated. Ongoing work, including with the FSB, is essential to better monitor and manage non-bank leverage, concentration, and liquidity risks. Work should also continue on closing data gaps to enhance financial system surveillance.

    Recent episodes of global bond market turbulence underscore the importance of enhancing gilt market resilience. Gilt market functioning has remained orderly. Vulnerabilities have nonetheless risen, given increased supply and the reduction in demand by more patient investors, with hedge funds and non-residents playing a greater role, and the BoE reducing its holdings as part of QT. Staff recommends close monitoring as well as regular stress testing and engagement with market participants to detect and manage future risks. In this regard, the shift of issuance toward shorter-dated securities for FY2025/26 has been well received by the market. The authorities are considering policies to enhance structural resilience, such as central clearing for gilt repo transactions, which is welcome.

    Reforms to the financial sector and its regulation should balance promoting growth with preserving continuity and financial stability. While staff supports the government’s aim of enhancing the role of financial services as a driver of growth, risks will need to be carefully managed. Regulatory reforms should balance simplification and modernization with mitigating vulnerabilities, while being well-communicated. Consolidating pension funds has the potential to reduce fees and expand access to diverse asset classes, but it will be important to guard against possible unintended side-effects, including from reduced competition. Staff supports the FPC’s recommendation that the Pensions Regulator has the remit to take financial stability considerations into account. This would strengthen its ability to oversee the evolving pensions landscape and help manage potential risks from consolidation of funds and changes in investment strategies.

    Structural Policies

    Persistently weak productivity remains the UK’s primary obstacle to lifting growth and living standards. The UK has faced a decline in trend productivity growth since the Global Financial Crisis (GFC), further widening the gap with the US. Along with adverse shocks, including Brexit, the pandemic and the energy price crisis, the slowdown has left the level of UK GDP around one quarter below what the pre-GFC trend would imply. This slowdown has multiple causes, including chronic under-investment, low private R&D, limited access to finance for businesses to scale up, skill gaps, and a deterioration in health outcomes.

    While the authorities’ Growth Mission focuses on the right areas, careful prioritizing and sequencing of policies will be key to success. The agenda is ambitious and impacts many parts of the economy. Reforms are broadly aligned with past IMF recommendations, although many of them are still at the formulation and consultation stage. Delivering on the Growth Mission involves significant challenges given limited fiscal space, the breadth of the reforms, and the volatile external environment. In refining their strategy, the authorities will thus need to carefully sequence reforms, ensure internal coherence among them, and prioritize early wins to build momentum and garner support for more complex initiatives. Continued clear communication with the public and markets will also be essential.

    Stability, capital, and skills are the most important aspects of the Growth Mission. Staff recommends prioritizing the following three most binding constraints to growth. First, policy stability is critical to support business confidence in an increasingly uncertainty global environment. In this context, recent efforts to strike trade agreements with key partners, including the EU, India, and the US, demonstrate the authorities’ commitment to finding common ground and establishing a more predictable environment for UK exporters. Second, the planning reform and complementary public infrastructure projects can lift the chronically-low private investment, which has weighed on productivity. Finally, boosting people’s skills, enhancing their health, and incentivizing work will address shortages in sectors like construction and healthcare, while providing the productive workforce needed by growth industries. Reforms in these three areas are likely to deliver the largest growth benefits, while laying a strong foundation for progress on other fronts.

    Industrial policy can play a complementary role to support particular sectors, but economy-wide reforms should remain the main tool to boost competitiveness and growth. Structural reforms that apply horizontally across the whole economy, such as easing planning restrictions, are likely to have the greatest impact. These reforms are prerequisites to realize the full potential of vertical interventions at the sectoral level, such as investments by the National Wealth Fund and initiatives under the new industrial strategy. Sectoral interventions should be focused on addressing market failures, identified using an evidence-based approach, and supported by rigorous appraisal processes, while being subject to strict budgetary limits, prudent risk management, and comprehensive risk reporting.

    The mission thanks the authorities and other counterparts for open discussions, productive collaboration, and constructive policy dialogue.

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Camila Perez

    Phone: +1 202 623-7100Email: MEDIA@IMF.org

    https://www.imf.org/en/News/Articles/2025/05/27/cs-uk-aiv-2025

    MIL OSI

    MIL OSI Russia News –

  • Puducherry hosts 25-day countdown event to International Day of Yoga 2025

    Source: Government of India

    Source: Government of India (4)

    The countdown to the International Day of Yoga (IDY), celebrated annually on June 21, officially began on Tuesday with a large-scale event in Puducherry.

    Over 6,000 yoga enthusiasts gathered at the scenic Gandhi Thidal, a seafront open-air venue, as Union Minister of State for Health & Family Welfare, Prataprao Jadhav, inaugurated the 25-day countdown to IDY 2025.

    This year’s theme, “Yoga for One Earth, One Health,” reflects a universal vision for a healthier planet and humanity.

    Addressing the gathering, Jadhav emphasized the deep cultural roots of yoga in Puducherry, the spiritual home of Maharishi Aurobindo. He described yoga as more than a physical practice—an ancient art that connects the mind and body, promoting peace, power, and clarity.

    Jadhav praised Prime Minister Narendra Modi for his global advocacy of yoga, attributing the worldwide recognition of June 21 as the International Day of Yoga to his efforts.

    Lieutenant Governor Kailashnathan echoed these sentiments, calling Yoga an ancient science that integrates physical well-being and mental fortitude. He underlined its global reach and increasing adoption, not only in personal lives but across educational institutions, workplaces, and defence sectors. He also expressed national pride in PM Modi’s contribution to yoga’s global stature.

    Chief Minister Rangasamy highlighted Puducherry’s unique environment of peace and spirituality, making it an ideal location for such an inspiring event. He described yoga as a journey of inner exploration and harmony with nature, noting that Puducherry stands as a global destination for spiritual seekers.

    A notable outcome of the event was the surge in registrations on the Yoga Sangam Portal, launched earlier during the 50-day countdown event in Nashik. Over 12,000 people have registered so far, reflecting a nationwide surge in Yoga participation and interest.

    The Puducherry event builds on a series of significant countdown celebrations leading to IDY 2025, preceded by the 100-day event in New Delhi, the 75-day celebration in Bhubaneswar, and the 50-day program in Nashik.

    This year’s International Day of Yoga, marking its 11th edition, promises to be the most inclusive yet, with ten signature programs lined up to spread the message of holistic wellness. These include large-scale synchronized yoga demonstrations, community engagement initiatives like Yoga Parks, inclusive programs for vulnerable groups, sustainability campaigns, and the Global Online Yoga Summit that will connect experts, policymakers, and practitioners from around the world.

  • MIL-OSI Asia-Pac: President Lai meets and hosts luncheon for delegation led by Governor Lourdes A. Leon Guerrero of Guam

    Source: Republic of China Taiwan

    Details
    2025-05-27
    President Lai meets delegation from European Parliament
    On the morning of May 27, President Lai Ching-te met with a delegation from the European Parliament. In remarks, President Lai thanked the European Parliament for continuing to pay close attention to peace and stability across the Taiwan Strait and voice support for Taiwan. The president expressed hope for an even closer relationship and diversified cooperation between Taiwan and the European Union. The president said that Taiwan and the EU can work together in such areas as semiconductors, AI, and green energy to create more resilient supply chains for global democracies and contribute to global prosperity and development. A translation of President Lai’s remarks follows: I warmly welcome our guests to the Presidential Office. After being elected last year, MEPs Reinis Pozņaks and Beatrice Timgren are making their first visits to Taiwan, demonstrating support for Taiwan through concrete action. On behalf of the people of Taiwan, I extend my sincerest welcome and appreciation. I would also like to take this opportunity to thank the European Parliament for continuing to pay close attention to peace and stability across the Taiwan Strait. Just last month, the European Parliament adopted resolutions with regard to annual reports on the implementation of the European Union’s Common Foreign and Security Policy and Common Security and Defence Policy. These resolutions reaffirmed the EU’s steadfast commitment to maintaining the status quo across the Taiwan Strait. The European Parliament also condemned China for continuing to take provocative military actions against Taiwan and emphasized that Taiwan is a key democratic partner in the Indo-Pacific region. It called on the EU and its member states to continue working closely with Taiwan to strengthen economic, trade, and investment ties. Once again, I thank the European Parliament for voicing support for Taiwan. Just as MEPs Pozņaks and Timgren are visiting Taiwan to strengthen Taiwan-EU exchanges, our Minister of Economic Affairs Kuo Jyh-huei (郭智輝) also led a delegation to Europe last year, marking the first in-person dialogue between high-ranking economic and trade officials of Taiwan and the EU. Moving ahead, we look forward to bringing Taiwan-EU ties even closer and to diversifying our cooperation. The EU is Taiwan’s largest source of foreign investment. Both sides are highly complementary in such areas as semiconductors, AI, and green energy. Through our joint efforts, we can create more resilient supply chains for global democracies and further contribute to global prosperity and development. Looking ahead, I hope that MEPs Pozņaks and Timgren will continue to make the case in the European Parliament for the signing of a Taiwan-EU economic partnership agreement. This would not only yield mutually beneficial development, but also consolidate economic security and boost international competitiveness for both sides. In closing, I am sure that you will gain a deeper understanding of Taiwan through this visit. Please feel welcome to come back as often as possible as we continue to elevate Taiwan-EU ties.  MEP Pozņaks then delivered remarks, saying that it is a great honor to be here and thanking everybody involved in arranging this trip that allows them the opportunity to better know Taiwan. He added that it is definitely not the last time they will be here, as Taiwan is a very beautiful country. MEP Pozņaks mentioned that he comes from Latvia, and despite their being on the other side of the world, they know how the Taiwanese people feel, because they also have a big neighbor who is claiming that Latvia belongs to them. Unfortunately, he said, there is already war in Europe, but he is confident that their situation is similar to Taiwan’s, adding that they have a neighbor who uses disinformation attacks. MEP Pozņaks said that we live in very challenging times, and that our choices will define the future of the world, asking whether it will be a world where the rule of law prevails or where physical power and aggression succeeds. Coming from a small country, he said he clearly understands that for them there is no other possibility; they must protect the world where the rule of law prevails. That is why now, he emphasized, it is very crucial for all democracies around the world to stick together to protect our freedoms, values, and democracy. MEP Timgren then delivered remarks, thanking President Lai for meeting with them and saying it is a big honor. Noting that they arrived here two days ago and that while she really loves Taiwan, its food, and the good weather, she stated that the reason they are here is because of the values that we share, our good relationships, and solidarity with other democratic countries in the world, which is important for them in Europe and in Sweden. MEP Timgren, referring to MEP Pozņaks’s earlier remarks, said that they face a big threat from Russia that is discernible even in the European Parliament. Actually, she pointed out, there is a war inside Europe that shows us how important it is that we support one another. She said that the Russian people thought it would be easy to take over Ukraine, but it was not, because all European countries stepped up and provided weapons and support. And that is why, MEP Timgren said, it is important that democratic countries maintain good relationships and let China and Russia see that we have good relationships, because a part of defense is solidarity. In closing, she expressed her gratitude for having the honor to be here in this beautiful country.

    Details
    2025-05-20
    President Lai hosts state banquet for President Surangel Whipps Jr. of Republic of Palau
    On the evening of May 20, President Lai Ching-te, accompanied by Vice President Bi-khim Hsiao, hosted a state banquet at the Presidential Office in honor of President Surangel Whipps Jr. of the Republic of Palau and his wife. In remarks, President Lai said that he looks forward to working closely with President Whipps to promote tourism exchanges and sports cooperation so that Taiwan and Palau shine brightly together on the international stage. A translation of President Lai’s remarks follows: It is a pleasure to host this banquet tonight at the Presidential Office for President Whipps, First Lady Valerie Whipps, and the esteemed members of their delegation. Welcome to Taiwan. During my trips to Palau in 2022 and last year, President and First Lady Whipps received me with great hospitality. Wearing my island shirt, I enjoyed a very friendly reception from the people of Palau. It felt warm and friendly, just like being welcomed back home. The first time I visited Palau, President Whipps and I piloted a boat to the Milky Way lagoon. We both tried volcanic mud facial masks. We also fished together and enjoyed the breeze as we walked on the beach. Last year, on my second visit to Palau, I was honored to be invited to address the National Congress. I also observed the results of the close bilateral cooperation between our two nations. Due to its world-famous ocean scenery, Palau is sometimes referred to as “God’s aquarium.” And it is even possible to snorkel with sharks. It leaves a deep impression. Nothing compares to seeing Palau firsthand. During the COVID-19 pandemic, Taiwan and Palau launched a travel bubble that created a safe means of travel. Now, with the pandemic behind us, I hope that even more Taiwanese can tour Palau and gain a greater understanding of our diplomatic ally. In addition to tourism exchanges, I mentioned on my visit to Palau last year that I hoped Taiwan and Palau could promote sports cooperation by providing training away from home. Next month, Palau will be holding the Pacific Mini Games. And right now, Palau’s national baseball and table tennis teams are holding training sessions here in Taiwan. We will do our utmost to support Palau’s national players and we hope they stand out and achieve outstanding results in the events. I look forward to working closely with President Whipps so that Taiwan and Palau shine brightly together on the international stage. Thank you! Mesulang! President Whipps then delivered remarks, saying that it is truly an honor to be here once again one year after President Lai’s inauguration. Mentioning that this is his first state visit after being reelected to a second term, he said that it is important to be here among friends, and that we are more than friends, we are family. He thanked President Lai for the generous words and, most importantly, Taiwan’s enduring support. He remarked that our relationship continues to get stronger in each passing year. President Whipps said that President Lai’s diplomacy initiative, leadership, and vision deeply resonate with them. Diplomacy must be rooted in our shared values, he said, and an unwavering support for our allies and a commitment to a sustainable, inclusive development are all deeply appreciated by their people. President Whipps emphasized that, as we look into the future and the challenges that we face, from security to climate change, it is so important that we are united. He added that it is important for the world, and especially important for them in Palau, that they stand up for Taiwan, so that Taiwan can participate on international fora that address climate change, security, and health, because they know the world is better when Taiwan has a seat at the table. Mentioning that Palau will host the Pacific Islands Forum next year, President Whipps said that Palau remains committed to working closely with Taiwan to ensure a successful event, and that they will continue to speak up for Taiwan’s indispensable contributions as we stand together against any efforts to silence or isolate democratic partners. President Whipps said that our nations have navigated challenges and emerged stronger, bound by a partnership that is built on trust, respect, and hope for a better world. Whether it is in clean energy, education, smart medicine, or tourism, our shared journey is just beginning, he said, and we are stronger together.  Also in attendance at the banquet were Palauan Minister of State Gustav Aitaro, Minister of Public Infrastructure and Industries Charles Obichang, Minister of Human Resources, Culture, Tourism and Development Ngiraibelas Tmetuchl, Senate Floor Leader Kerai Mariur, House of Delegates Floor Leader Warren Umetaro, High Chief of Ngiwal State Elliot Udui, Governor of Peleliu State Emais Roberts, and Governor of Koror State Eyos Rudimch.

    Details
    2025-05-20
    President Lai and President Surangel S. Whipps, Jr. of Palau hold bilateral talks and witness signing of cooperation agreements  
    On the afternoon of May 20, following a welcome ceremony with military honors for President Surangel S. Whipps, Jr. of the Republic of Palau and his wife, President Lai Ching-te, accompanied by Vice President Bi-khim Hsiao, held bilateral talks with President Whipps at the Presidential Office. The two leaders also jointly witnessed the signing of a technical cooperation agreement and an agreement on diplomatic staff training cooperation. In remarks, President Lai thanked Palau for standing firm in its backing of Taiwan’s international participation as geopolitical tensions continue to increase in the Pacific region. He added that he looks forward to the cooperative ties between Taiwan and Palau continuing to expand into even broader areas, allowing our economies and societies to further progress as we jointly advance peace, stability, and prosperity in the Indo-Pacific region. A translation of President Lai’s remarks follows: I welcome our guests to Taiwan once again. Last year on May 20, President Whipps led a delegation to attend the inauguration ceremony for myself and Vice President Hsiao. I am delighted, on the anniversary of my first year in office, to meet with old friends of Taiwan again, as President Whipps returns for this visit. Taiwan-Palau relations have grown even closer in recent years thanks to the strong support of President Whipps. In 2022, during my term as vice president, I led a delegation to Palau as a demonstration of how our nations were together boosting tourism development as we jointly faced the challenges of the COVID-19 pandemic. Every time I visit Palau, and every time I meet with President Whipps, I feel very deeply that Taiwan and Palau are like family. We are both maritime nations and share a common Austronesian heritage and culture. We are also staunch partners in upholding such values as freedom, democracy, and respect for human rights. Last December, when I went on my first overseas trip since taking office, one of the nations I visited was Palau. We celebrated the 30th anniversary of Palau’s independence and 25 years of diplomatic relations, underscoring our friendly ties. Taiwan and Palau enjoy close exchanges and cooperation in a range of areas, including climate change, education, agriculture and fisheries, healthcare, humanitarian assistance, sports, and culture. After this meeting, President Whipps and I will witness the signing of a technical cooperation agreement and an agreement on diplomatic staff training cooperation, demonstrating once again our diverse collaboration and strong friendship. I believe that by working together, Taiwan and Palau can contribute to each other’s development and overcome the regional and global challenges we currently face. In particular, as geopolitical tensions continue to increase in the Pacific region, Palau has wisely and courageously upheld democratic values and stood firm in its backing of Taiwan’s international participation. Palau has never stopped voicing support for Taiwan, including at the United Nations General Assembly, the World Health Organization, the UN Framework Convention on Climate Change Conference of the Parties, and the UN Ocean Conference. We have been deeply moved by this support. I thank President Whipps again for his high regard and support for Taiwan. I look forward to the cooperative ties between our nations continuing to expand into even broader areas. This will allow our economies and societies to further progress as we jointly advance peace, stability, and prosperity in the Indo-Pacific region. President Whipps then delivered remarks, saying that it is a great honor for him to be here, standing in this historic place – a symbol of strength, resilience, and the democratic spirit of the Taiwanese people. On behalf of the government of Palau, President Whipps extended heartfelt gratitude to President Lai and the people of Taiwan for the warm welcome and gracious hospitality toward him and his delegation. President Whipps then extended sincere thanks for President Lai’s visit to Palau in December – his second visit to Palau – and for having Minister of Foreign Affairs Lin Chia-lung (林佳龍) attend his inauguration as a special envoy. He added that this also marks his third visit to Taiwan since President Lai took office, saying that this demonstrates the strength of our growing relationship. President Whipps indicated that the increased engagements and numerous entrepreneurs that President Lai has brought from Taiwan to Palau have resulted in fruitful visits, and that President Lai’s leadership represents hope, unity, and continued advancement of democracy and freedom, not only for Taiwan, but for the broader Indo-Pacific region. President Whipps went on to say that this visit to Taiwan reaffirms our deep friendship and shared values between our two nations. He emphasized that Palau and Taiwan are bound not by proximity, but by purpose, in that both are island nations and believe in human dignity, the rule of law, and the right of our people to determine their own futures. President Whipps stated that although we are celebrating 26 years of diplomatic relations, Taiwan has been a steadfast partner of Palau for decades, and that one of the MOUs they are signing further extends the relationship that began in December of 1984. From healthcare and medical missions, to education, agriculture, renewable energy, infrastructure, the private sector, tourism development, and climate resilience, he said, our cooperation has improved lives and strengthened our communities. The president also indicated that during the COVID-19 pandemic, Taiwan stood with Palau, noting that both sides began the tourism bubble, and that President Lai came to Palau to reopen the two weekly direct flights that have now been increased to four. That solidarity will never be forgotten, he said. As the world faces growing uncertainty and complex challenges from climate change to global tensions, President Whipps said, this friendship becomes even more vital. The president concluded his remarks by expressing hope that both nations continue to stand together, work together, and advocate together for peace, prosperity, and for the right of small nations to be seen, heard, and respected. After the bilateral talks, President Lai and President Whipps witnessed the signing of the technical cooperation agreement and the agreement on diplomatic staff training cooperation by Minister Lin and Palauan Minister of State Gustav Aitaro. The delegation also included Palauan Minister of Public Infrastructure and Industries Charles Obichang, Minister of Human Resources, Culture, Tourism and Development Ngiraibelas Tmetuchl, Senate Floor Leader Kerai Mariur, House of Delegates Floor Leader Warren Umetaro, High Chief of Ngiwal State Elliot Udui, Governor of Peleliu State Emais Roberts, and Governor of Koror State Eyos Rudimch.  

    Details
    2025-05-20
    President Lai interviewed by Nippon Television and Yomiuri TV
    In a recent interview on Nippon Television’s news zero program, President Lai Ching-te responded to questions from host Mr. Sakurai Sho and Yomiuri TV Shanghai Bureau Chief Watanabe Masayo on topics including reflections on his first year in office, cross-strait relations, China’s military threats, Taiwan-United States relations, and Taiwan-Japan relations. The interview was broadcast on the evening of May 19. During the interview, President Lai stated that China intends to change the world’s rules-based international order, and that if Taiwan were invaded, global supply chains would be disrupted. Therefore, he said, Taiwan will strengthen its national defense, prevent war by preparing for war, and achieve the goal of peace. The president also noted that Taiwan’s purpose for developing drones is based on national security and industrial needs, and that Taiwan hopes to collaborate with Japan. He then reiterated that China’s threats are an international problem, and expressed hope to work together with the US, Japan, and others in the global democratic community to prevent China from starting a war. Following is the text of the questions and the president’s responses: Q: How do you feel as you are about to round out your first year in office? President Lai: When I was young, I was determined to practice medicine and save lives. When I left medicine to go into politics, I was determined to transform Taiwan. And when I was sworn in as president on May 20 last year, I was determined to strengthen the nation. Time flies, and it has already been a year. Although the process has been very challenging, I am deeply honored to be a part of it. I am also profoundly grateful to our citizens for allowing me the opportunity to give back to our country. The future will certainly be full of more challenges, but I will do everything I can to unite the people and continue strengthening the nation. That is how I am feeling now. Q: We are now coming up on the 80th anniversary of the end of World War II, and over this period, we have often heard that conflict between Taiwan and the mainland is imminent. Do you personally believe that a cross-strait conflict could happen? President Lai: The international community is very much aware that China intends to replace the US and change the world’s rules-based international order, and annexing Taiwan is just the first step. So, as China’s military power grows stronger, some members of the international community are naturally on edge about whether a cross-strait conflict will break out. The international community must certainly do everything in its power to avoid a conflict in the Taiwan Strait; there is too great a cost. Besides causing direct disasters to both Taiwan and China, the impact on the global economy would be even greater, with estimated losses of US$10 trillion from war alone – that is roughly 10 percent of the global GDP. Additionally, 20 percent of global shipping passes through the Taiwan Strait and surrounding waters, so if a conflict breaks out in the strait, other countries including Japan and Korea would suffer a grave impact. For Japan and Korea, a quarter of external transit passes through the Taiwan Strait and surrounding waters, and a third of the various energy resources and minerals shipped back from other countries pass through said areas. If Taiwan were invaded, global supply chains would be disrupted, and therefore conflict in the Taiwan Strait must be avoided. Such a conflict is indeed avoidable. I am very thankful to Prime Minister of Japan Ishiba Shigeru and former Prime Ministers Abe Shinzo, Suga Yoshihide, and Kishida Fumio, as well as US President Donald Trump and former President Joe Biden, and the other G7 leaders, for continuing to emphasize at international venues that peace and stability across the Taiwan Strait are essential components for global security and prosperity. When everyone in the global democratic community works together, stacking up enough strength to make China’s objectives unattainable or to make the cost of invading Taiwan too high for it to bear, a conflict in the strait can naturally be avoided. Q: As you said, President Lai, maintaining peace and stability across the Taiwan Strait is also very important for other countries. How can war be avoided? What sort of countermeasures is Taiwan prepared to take to prevent war? President Lai: As Mr. Sakurai mentioned earlier, we are coming up on the 80th anniversary of the end of WWII. There are many lessons we can take from that war. First is that peace is priceless, and war has no winners. From the tragedies of WWII, there are lessons that humanity should learn. We must pursue peace, and not start wars blindly, as that would be a major disaster for humanity. In other words, we must be determined to safeguard peace. The second lesson is that we cannot be complacent toward authoritarian powers. If you give them an inch, they will take a mile. They will keep growing, and eventually, not only will peace be unattainable, but war will be inevitable. The third lesson is why WWII ended: It ended because different groups joined together in solidarity. Taiwan, Japan, and the Indo-Pacific region are all directly subjected to China’s threats, so we hope to be able to join together in cooperation. This is why we proposed the Four Pillars of Peace action plan. First, we will strengthen our national defense. Second, we will strengthen economic resilience. Third is standing shoulder to shoulder with the democratic community to demonstrate the strength of deterrence. Fourth is that as long as China treats Taiwan with parity and dignity, Taiwan is willing to conduct exchanges and cooperate with China, and seek peace and mutual prosperity. These four pillars can help us avoid war and achieve peace. That is to say, Taiwan hopes to achieve peace through strength, prevent war by preparing for war, keeping war from happening and pursuing the goal of peace. Q: Regarding drones, everyone knows that recently, Taiwan has been actively researching, developing, and introducing drones. Why do you need to actively research, develop, and introduce new drones at this time? President Lai: This is for two purposes. The first is to meet national security needs. The second is to meet industrial development needs. Because Taiwan, Japan, and the Philippines are all part of the first island chain, and we are all democratic nations, we cannot be like an authoritarian country like China, which has an unlimited national defense budget. In this kind of situation, island nations such as Taiwan, Japan, and the Philippines should leverage their own technologies to develop national defense methods that are asymmetric and utilize unmanned vehicles. In particular, from the Russo-Ukrainian War, we see that Ukraine has successfully utilized unmanned vehicles to protect itself and prevent Russia from unlimited invasion. In other words, the Russo-Ukrainian War has already proven the importance of drones. Therefore, the first purpose of developing drones is based on national security needs. Second, the world has already entered the era of smart technology. Whether generative, agentic, or physical, AI will continue to develop. In the future, cars and ships will also evolve into unmanned vehicles and unmanned boats, and there will be unmanned factories. Drones will even be able to assist with postal deliveries, or services like Uber, Uber Eats, and foodpanda, or agricultural irrigation and pesticide spraying. Therefore, in the future era of comprehensive smart technology, developing unmanned vehicles is a necessity. Taiwan, based on industrial needs, is actively planning the development of drones and unmanned vehicles. I would like to take this opportunity to express Taiwan’s hope to collaborate with Japan in the unmanned vehicle industry. Just as we do in the semiconductor industry, where Japan has raw materials, equipment, and technology, and Taiwan has wafer manufacturing, our two countries can cooperate. Japan is a technological power, and Taiwan also has significant technological strengths. If Taiwan and Japan work together, we will not only be able to safeguard peace and stability in the Taiwan Strait and security in the Indo-Pacific region, but it will also be very helpful for the industrial development of both countries. Q: The drones you just described probably include examples from the Russo-Ukrainian War. Taiwan and China are separated by the Taiwan Strait. Do our drones need to have cross-sea flight capabilities? President Lai: Taiwan does not intend to counterattack the mainland, and does not intend to invade any country. Taiwan’s drones are meant to protect our own nation and territory. Q: Former President Biden previously stated that US forces would assist Taiwan’s defense in the event of an attack. President Trump, however, has yet to clearly state that the US would help defend Taiwan. Do you think that in such an event, the US would help defend Taiwan? Or is Taiwan now trying to persuade the US? President Lai: Former President Biden and President Trump have answered questions from reporters. Although their responses were different, strong cooperation with Taiwan under the Biden administration has continued under the Trump administration; there has been no change. During President Trump’s first term, cooperation with Taiwan was broader and deeper compared to former President Barack Obama’s terms. After former President Biden took office, cooperation with Taiwan increased compared to President Trump’s first term. Now, during President Trump’s second term, cooperation with Taiwan is even greater than under former President Biden. Taiwan-US cooperation continues to grow stronger, and has not changed just because President Trump and former President Biden gave different responses to reporters. Furthermore, the Trump administration publicly stated that in the future, the US will shift its strategic focus from Europe to the Indo-Pacific. The US secretary of defense even publicly stated that the primary mission of the US is to prevent China from invading Taiwan, maintain stability in the Indo-Pacific, and thus maintain world peace. There is a saying in Taiwan that goes, “Help comes most to those who help themselves.” Before asking friends and allies for assistance in facing threats from China, Taiwan must first be determined and prepared to defend itself. This is Taiwan’s principle, and we are working in this direction, making all the necessary preparations to safeguard the nation. Q: I would like to ask you a question about Taiwan-Japan relations. After the Great East Japan Earthquake in 2011, you made an appeal to give Japan a great deal of assistance and care. In particular, you visited Sendai to offer condolences. Later, you also expressed condolences and concern after the earthquakes in Aomori and Kumamoto. What are your expectations for future Taiwan-Japan exchanges and development? President Lai: I come from Tainan, and my constituency is in Tainan. Tainan has very deep ties with Japan, and of course, Taiwan also has deep ties with Japan. However, among Taiwan’s 22 counties and cities, Tainan has the deepest relationship with Japan. I sincerely hope that both of you and your teams will have an opportunity to visit Tainan. I will introduce Tainan’s scenery, including architecture from the era of Japanese rule, Tainan’s cuisine, and unique aspects of Tainan society, and you can also see lifestyles and culture from the Showa era.  The Wushantou Reservoir in Tainan was completed by engineer Mr. Hatta Yoichi from Kanazawa, Japan and the team he led to Tainan after he graduated from then-Tokyo Imperial University. It has nearly a century of history and is still in use today. This reservoir, along with the 16,000-km-long Chianan Canal, transformed the 150,000-hectare Chianan Plain into Taiwan’s premier rice-growing area. It was that foundation in agriculture that enabled Taiwan to develop industry and the technology sector of today. The reservoir continues to supply water to Tainan Science Park. It is used by residents of Tainan, the agricultural sector, and industry, and even the technology sector in Xinshi Industrial Park, as well as Taiwan Semiconductor Manufacturing Company. Because of this, the people of Tainan are deeply grateful for Mr. Hatta and very friendly toward the people of Japan. A major earthquake, the largest in 50 years, struck Tainan on February 6, 2016, resulting in significant casualties. As mayor of Tainan at the time, I was extremely grateful to then-Prime Minister Abe, who sent five Japanese officials to the disaster site in Tainan the day after the earthquake. They were very thoughtful and asked what kind of assistance we needed from the Japanese government. They offered to provide help based on what we needed. I was deeply moved, as former Prime Minister Abe showed such care, going beyond the formality of just sending supplies that we may or may not have actually needed. Instead, the officials asked what we needed and then provided assistance based on those needs, which really moved me. Similarly, when the Great East Japan Earthquake of 2011 or the later Kumamoto earthquakes struck, the people of Tainan, under my leadership, naturally and dutifully expressed their support. Even earlier, when central Taiwan was hit by a major earthquake in 1999, Japan was the first country to deploy a rescue team to the disaster area. On February 6, 2018, after a major earthquake in Hualien, former Prime Minister Abe appeared in a video holding up a message of encouragement he had written in calligraphy saying “Remain strong, Taiwan.” All of Taiwan was deeply moved. Over the years, Taiwan and Japan have supported each other when earthquakes struck, and have forged bonds that are family-like, not just neighborly. This is truly valuable. In the future, I hope Taiwan and Japan can be like brothers, and that the peoples of Taiwan and Japan can treat one another like family. If Taiwan has a problem, then Japan has a problem; if Japan has a problem, then Taiwan has a problem. By caring for and helping each other, we can face various challenges and difficulties, and pursue a brighter future. Q: President Lai, you just used the phrase “If Taiwan has a problem, then Japan has a problem.” In the event that China attempts to invade Taiwan by force, what kind of response measures would you hope the US military and Japan’s Self-Defense Forces take? President Lai: As I just mentioned, annexing Taiwan is only China’s first step. Its ultimate objective is to change the rules-based international order. That being the case, China’s threats are an international problem. So, I would very much hope to work together with the US, Japan, and others in the global democratic community to prevent China from starting a war – prevention, after all, is more important than cure.

    Details
    2025-05-13
    President Lai interviewed by Japan’s Nikkei  
    In a recent interview with Japan’s Nikkei, President Lai Ching-te responded to questions regarding Taiwan-Japan and Taiwan-United States relations, cross-strait relations, the semiconductor industry, and the international economic and trade landscape. The interview was published by Nikkei on May 13. President Lai indicated that Nikkei, Inc. is a global news organization that has received significant recognition both domestically and internationally, and that he is deeply honored to be interviewed by Nikkei and grateful for their invitation. The president said that he would like to take this rare opportunity to thank Japan’s government, National Diet, society, and public for their longstanding support for Taiwan. Noting that current Prime Minister Ishiba Shigeru and former Prime Ministers Abe Shinzo, Suga Yoshihide, and Kishida Fumio have all strongly supported Taiwan, he said that the peoples of Taiwan and Japan also have a deep mutual affection, and that through the interview, he hopes to enhance the bilateral relationship between Taiwan and Japan, deepen the affection between our peoples, and foster more future cooperation to promote prosperity and development in both countries. In response to questions raised on the free trade system and the recent tariff war, President Lai indicated that over the past few decades, the free economy headed by the Western world and led by the US has brought economic prosperity and political stability to Taiwan and Japan. At the same time, he said, we have also learned or followed many Western values. The president said he believes that Taiwan and Japan are exemplary students, but some countries are not. Therefore, he said, the biggest crisis right now is China, which exploits the free trade system to engage in plagiarism and counterfeiting, infringe on intellectual property rights, and even provide massive government subsidies that facilitate the dumping of low-priced goods worldwide, which has a major impact on many countries including Japan and Taiwan. If this kind of unfair trade is not resolved, he said, the stable societies and economic prosperity we have painstakingly built over decades, as well as some of the values we pursue, could be destroyed. Therefore, President Lai said he thinks it is worthwhile for us to observe the recent willingness of the US to address unfair trade, and if necessary, offer assistance. President Lai emphasized that the national strategic plan for Taiwanese industries is for them to be rooted in Taiwan while expanding their global presence and marketing worldwide. Therefore, he said, while the 32 percent tariff increase imposed by the US on Taiwan is indeed a major challenge, we are willing to address it seriously and find opportunities within that challenge, making Taiwan’s strategic plan for industry even more comprehensive. When asked about Taiwan’s trade arrangements, President Lai indicated that in 2010 China accounted for 83.8 percent of Taiwan’s outbound investment, but last year it accounted for only 7.5 percent. In 2020, he went on, 43.9 percent of Taiwan’s exports went to China, but that figure dropped to 31.7 percent in 2024. The president said that we have systematically transferred investments from Taiwanese enterprises to Japan, Southeast Asia, Europe, and the US. Therefore, he said, last year Taiwan’s largest outbound investment was in the US, accounting for roughly 40 percent of the total. Nevertheless, only 23.4 percent of Taiwanese products were sold to the US, with 76.6 percent sold to places other than the US, he said.  The president emphasized that we don’t want to put all our eggs in one basket, and hope to establish a global presence. Under these circumstances, he said, Taiwan is very eager to cooperate with Japan. President Lai stated that at this moment, the Indo-Pacific and international community really need Japan’s leadership, especially to make the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) excel in its functions, and also requested Japan to support Taiwan’s CPTPP accession. The president said that Taiwan hopes to sign an Economic Partnership Agreement (EPA) with Japan to build closer ties in economic trade and promote further investment, and that we also hope to strengthen relations with the European Union, and even other regions. Currently, he said, we are proposing an initiative on global semiconductor supply chain partnerships for democracies, because the semiconductor industry is an ecosystem. The president raised the example that Japan has materials, equipment, and technology; the US has IC design and marketing; Taiwan has production and manufacturing; and the Netherlands excels in equipment, saying we therefore hope to leverage Taiwan’s advantages in production and manufacturing to connect the democratic community and establish a global non-red supply chain for semiconductors, ensuring further world prosperity and development in the future, and ensuring that free trade can continue to function without being affected by dumping, which would undermine future prosperity and development. The president stated that as we want industries to expand their global presence and market internationally while staying rooted here in Taiwan, having industries rooted in Taiwan involves promoting pay raises for employees, tax cuts, and deregulation, as well as promoting enterprise investment tax credits. He said that we have also proposed Three Major Programs for Investing in Taiwan for Taiwanese enterprises and are actively resolving issues regarding access to water, electricity, land, human resources, and professional talent so that the business community can return to Taiwan to invest, or enterprises in Taiwan can increase their investments. He went on to say that we are also actively signing bilateral investment agreements with friends and allies so that when our companies invest and expand their presence abroad, their rights and interests as investors are ensured.  President Lai mentioned that Taiwan hopes to sign an EPA with Japan, similar to the Taiwan-US Initiative on 21st-Century Trade and the Economic Prosperity Partnership Dialogue, or the Enhanced Trade Partnership arrangement with the United Kingdom, or similar agreements or memorandums of understanding with Canada and Australia that allow Taiwanese products to be marketed worldwide, concluding that those are our overall arrangements. Looking at the history of Taiwan’s industrial development, President Lai indicated, of course it began in Taiwan, and then moved west to China and south to Southeast Asia. He said that we hope to take this opportunity to strengthen cooperation with Japan to the north, across the Pacific Ocean to the east, and develop the North American market, making Taiwan’s industries even stronger. In other words, he said, while Taiwan sees the current reciprocal tariffs imposed by the US as a kind of challenge, it also views these changes positively. On the topic of pressure from China affecting Taiwan’s participation in international frameworks such as the CPTPP or its signing of an EPA with Japan, President Lai responded that the key point is what kind of attitude we should adopt in viewing China’s acts of oppression. If we act based on our belief in free trade, he said, or on the universal values we pursue – democracy, freedom, and respect for human rights – and also on the understanding that a bilateral trade agreement between Taiwan and Japan would contribute to the economic prosperity and development of both countries, or that Taiwan’s accession to the CPTPP would benefit progress and prosperity in the Indo-Pacific region, then he hopes that friends and allies will strongly support us. On the Trump administration’s intentions regarding the reciprocal tariff policy and the possibility of taxing semiconductors, as well as how Taiwan plans to respond, President Lai said that since President Trump took office, he has paid close attention to interviews with both him and his staff. The president said that several of President Trump’s main intentions are: First, he wants to address the US fiscal situation. For example, President Lai said, while the US GDP is about US$29 trillion annually, its national debt stands at US$36 trillion, which is roughly 124 percent of GDP. Second, he went on, annual government spending exceeds US$6.5 trillion, but revenues are only around US$4.5 trillion, resulting in a nearly US$2 trillion deficit each year, about 7 percent of GDP. Third, he said, the US pays nearly US$1.2 trillion in interest annually, which exceeds the US$1 trillion defense budget and accounts for more than 3 percent of GDP. Fourth, President Trump still wants to implement tax cuts, aiming to reduce taxes for 85 percent of Americans, he said, noting that this would cost between US$500 billion and US$1 trillion. These points, President Lai said, illustrate his first goal: solving the fiscal problem. President Lai went on to say that second, the US feels the threat of China and believes that reindustrialization is essential; without reindustrialization, the US risks a growing gap in industrial capacity compared to China. Third, he said, in this era of global smart technology, President Trump wants to lead the nation to become a world center of AI. Fourth, he aims to ensure world peace and prevent future wars, President Lai said. In regard to what the US seeks to achieve, he said he believes these four areas form the core of the Trump administration’s intentions, and that is why President Trump has raised tariffs, demanded that trading partners purchase more American goods, and encouraged friendly and allied nations to invest in the US, all in order to achieve these goals. President Lai indicated that the 32 percent reciprocal tariff poses a critical challenge for Taiwan, and we must treat it seriously. He said that our approach is not confrontation, but negotiation to reduce tariffs, and that we have also agreed to measures such as procurement, investment, resolving non-tariff trade barriers, and addressing origin washing in order to effectively reduce the trade deficit between Taiwan and the US. Of course, he said, through this negotiation process, we also hope to turn challenges into opportunities. The president said that first, we aim to start negotiations from the proposal of zero tariffs and seek to establish a bilateral trade agreement with the US. Second, he went on, we hope to support US reindustrialization and its aim to become a world AI hub through investment, while simultaneously upgrading and transforming Taiwan’s industries, which would help further integrate Taiwan’s industries into the US economic structure, ensuring Taiwan’s long-term development.  President Lai emphasized again that Taiwan’s national industrial strategy is for industries to stay firmly rooted in Taiwan while expanding their global presence and marketing worldwide. He repeated that we have gone from moving westward across the Taiwan Strait, to shifting southbound, to working closer northward with Japan, and now the time is ripe for us to expand eastward by investing in North America. In other words, he said, while we take this challenge seriously to protect national interests and ensure that no industry is sacrificed, we also hope these negotiations will lead to deeper Taiwan-US trade relations through Taiwanese investment in the US, concluding that these are our expectations. The president stated that naturally, the reciprocal tariffs imposed by the US will have an impact on Taiwanese industries, so in response, the Taiwanese government has already proposed support measures for affected industries totaling NT$93 billion. In addition, he said, we have outlined broader needs for Taiwan’s long-term development, which will be covered by a special budget proposal of NT$410 billion, noting that this has already been approved by the Executive Yuan and will be submitted to the Legislative Yuan for review. He said that this special budget proposal addresses four main areas: supporting industries, stabilizing employment, protecting people’s livelihoods, and enhancing resilience. As for tariffs on semiconductors, President Lai said, Taiwan Semiconductor Manufacturing Company (TSMC) has committed to investing in the US at the request of its customers. He said he believes that TSMC’s industry chain will follow suit, and that these are concrete actions that are unrelated to tariffs. However, he said, if the US were to invoke Section 232 and impose tariffs on semiconductors or related industries, it would discourage Taiwanese semiconductor and ICT investments in the US, and that we will make this position clear to the US going forward. President Lai indicated that among Taiwan’s exports to the US, there are two main categories: ICT products and electronic components, which together account for 65.4 percent. These are essential to the US, he said, unlike final goods such as cups, tables, or mattresses. He went on to say that what Taiwan sells to the US are the technological products required by AI designers like NVIDIA, AMD, Amazon, Google, and Apple, and that therefore, we will make sure the US understands clearly that we are not exporting end products, but the high-tech components necessary for the US to reindustrialize and become a global AI center. Furthermore, the president said, Taiwan is also willing to increase its defense budget and military procurement. He stated that Taiwan is committed to defending itself and is strongly willing to cooperate with friends and allies to ensure regional peace and stability, and that this is also something President Trump hopes to see. Asked whether TSMC’s fabs overseas could weaken Taiwan’s strategic position as a key hub for semiconductor manufacturing, and whether that could then give other countries fewer incentives to protect Taiwan, President Lai responded by saying that political leaders around the world including Japan’s Prime Minister Ishiba and former Prime Ministers Abe, Suga, and Kishida have emphasized, at the G7 and other major international fora, that peace and stability in the Taiwan Strait are essential for global security and prosperity. In other words, he explained, the international community cares about Taiwan and supports peace and stability in the Taiwan Strait because Taiwan is located in the first island chain in the Indo-Pacific, directly facing China. He pointed out that if Taiwan is not protected, China’s expansionist ambitions will certainly grow, which would impact the current rules-based international order. Thus, he said, the international community willingly cares about Taiwan and supports stability in the Taiwan Strait – that is the reason, and it has no direct connection with TSMC. He noted that after all, TSMC has not made investments in that many countries, stressing that, on that point, it is clear. President Lai said that TSMC’s investments in Japan, Europe, and the US are all natural, normal economic and investment activities. He said that Taiwan is a democratic country whose society is based on the rule of law, so when Taiwanese companies need to invest around the world for business needs, the government will support those investments in principle so long as they do not harm national interests. President Lai said that after TSMC Chairman C.C. Wei (魏哲家) held a press conference with President Trump to announce the investment in the US, Chairman Wei returned to Taiwan to hold a press conference with him at the Presidential Office, where the chairman explained to the Taiwanese public that TSMC’s R&D center will remain in Taiwan and that the facilities it has already committed to investing in here will not change and will not be affected. So, the president explained, to put it another way, TSMC will not be weakened by its investment in the US. He further emphasized that Taiwan has strengths in semiconductor manufacturing and is very willing to work alongside other democratic countries to promote the next stage of global prosperity and development. A question was raised about which side should be chosen between the US and China, under the current perception of a return to the Cold War, with East and West facing off as two opposing blocs. President Lai responded by saying that some experts and scholars describe the current situation as entering a new Cold War era between democratic and authoritarian camps; others assert that the war has already begun, including information warfare, economic and trade wars, and the ongoing wars in Europe – the Russo-Ukrainian War – and the Middle East, and the Israel-Hamas conflict. The president said that these are all matters experts have cautioned about, noting that he is not a historian and so will not attempt to define today’s political situation from an academic standpoint. However, he said, he believes that every country has a choice, which is to say, Taiwan, Japan, or any other nation does not necessarily have to choose between the US and China. What we are deciding, he said, is whether our country will maintain a democratic constitutional system or regress into an authoritarian regime, and this is essentially a choice of values – not merely a choice between two major powers. President Lai said that Taiwan’s situation is different from other countries because we face a direct threat from China. He pointed out that we have experienced military conflicts such as the August 23 Artillery Battle and the Battle of Guningtou – actual wars between the Republic of China and the People’s Republic of China. He said that China’s ambition to annex Taiwan has never wavered, and that today, China’s political and military intimidation, as well as internal united front infiltration, are growing increasingly intense. Therefore, he underlined, to defend democracy and sovereignty, protect our free and democratic system, and ensure the safety of our people’s lives and property, Taiwan’s choice is clear. President Lai said that China’s military exercises are not limited to the Taiwan Strait, and include the East China Sea, South China Sea, and even the Sea of Japan, as well as areas around Korea and Australia. Emphasizing that Taiwan, Japan, Australia, and the Philippines are all democratic nations, the president said that Taiwan’s choice is clear, and that he believes Japan also has no other choice. We are all democratic countries, he said, whose people have long pursued the universal values of democracy, freedom, and respect for human rights, and that is what is most important. Regarding the intensifying tensions between the US and China, the president was asked what roles Taiwan and Japan can play. President Lai responded that in his view, Japan is a powerful nation, and he sincerely hopes that Japan can take a leading role amid these changes in the international landscape. He said he believes that countries in the Indo-Pacific region are also willing to respond. He suggested several areas where we can work together: first, democracy and peace; second, innovation and prosperity; and third, justice and sustainability. President Lai stated that in the face of authoritarian threats, we should let peace be our beacon and democracy our compass as we respond to the challenges posed by authoritarian states. Second, he added, as the world enters an era characterized by the comprehensive adoption of smart technologies, Japan and Taiwan should collaborate in the field of innovation to further drive regional prosperity and development. Third, he continued, is justice and sustainability. He explained that because international society still has many issues that need to be resolved, Taiwan and Japan can cooperate for the public good, helping countries in need around the world, and cooperating to address climate change and achieve net-zero transition by 2050. Asked whether he hopes that the US will continue to be a leader in the liberal democratic system, President Lai responded by saying that although the US severed diplomatic ties with the Republic of China, for the past few decades it has assisted Taiwan in various areas such as national defense, security, and countering threats from China, based on the Taiwan Relations Act and the Six Assurances. He pointed out that Taiwan has also benefited, directly and indirectly, in terms of politics, democracy, and economic prosperity thanks to the US, and so Taiwan naturally hopes that the US remains strong and continues to lead the world. President Lai said that when the US encounters difficulties, whether financial difficulties, reindustrialization issues, or becoming a global center for AI, and hopes to receive support from its friends and allies to jointly safeguard regional peace and stability, Taiwan is willing to stand together for a common cause. If the US remains strong, he said, that helps Taiwan, the Indo-Pacific region, and the world as a whole. Noting that while the vital role of the US on the global stage has not changed, the president said that after decades of shouldering global responsibilities, it has encountered some issues. Now, it has to make adjustments, he said, stating his firm belief that it will do so swiftly, and quickly resume its leadership role in the world. Asked to comment on remarks he made during his election campaign that he would like to invite China’s President Xi Jinping for bubble tea, President Lai responded that Taiwan is a peace-loving country, and Taiwanese society is inherently kind, and therefore we hope to get along peacefully with China, living in peace and mutual prosperity. So, during his term as vice president, he said, he was expressing the goodwill of Taiwanese society. Noting that while he of course understands that China’s President Xi would have certain difficulties in accepting this, he emphasized that the goodwill of Taiwanese society has always existed. If China reflects on the past two or three decades, he said, it will see that its economy was able to develop with Taiwan as its largest foreign investor. The president explained that every year, 1 to 2 million Taiwanese were starting businesses or investing in China, creating numerous job opportunities and stabilizing Chinese society. While many Taiwanese businesses have profited, he said, Chinese society has benefited even more. He added that every time a natural disaster occurs, if China is in need, Taiwanese always offer donations. Therefore, the president said, he hopes that China can face the reality of the Republic of China’s existence and understand that the people of Taiwan hope to continue living free and democratic lives with respect for human rights. He also expressed hope that China can pay attention to the goodwill of Taiwanese society. He underlined that we have not abandoned the notion that as long as there is parity, dignity, exchange, and cooperation, the goodwill of choosing dialogue over confrontation and exchange over containment will always exist. Asked for his view on the national security reforms in response to China’s espionage activities and infiltration attempts, President Lai said that China’s united front infiltration activities in Taiwan are indeed very serious. He said that China’s ambitions to annex Taiwan rely not only on the use of political and military intimidation, but also on its long-term united front and infiltration activities in Taiwanese society. Recently, he pointed out, the Taiwan High Prosecutors Office of the Ministry of Justice prosecuted 64 spies, which is three times the number in 2021, and in addition to active-duty military personnel, many retired military personnel were also indicted. Moreover, he added, Taiwan also has the Chinese Unification Promotion Party, which has a background in organized crime, Rehabilitation Alliance Party, which was established by retired military personnel, and Republic of China Taiwan Military Government, which is also composed of retired generals. He explained that these are all China’s front organizations, and they plan one day to engage in collaboration within Taiwan, which shows the seriousness of China’s infiltration in Taiwan. Therefore, the president said, in the recent past he convened a high-level national security meeting and proposed 17 response strategies across five areas. He then enumerated the five areas: first, to address China’s threat to Taiwan’s sovereignty; second, to respond to the threat of China’s obscuring the Taiwanese people’s sense of national identity; third, to respond to the threat of China’s infiltrating and recruiting members of the ROC Armed Forces as spies; fourth, to respond to the threat of China’s infiltration of Taiwanese society through societal exchanges and united front work; and fifth, to respond to the threat of China using “integration plans” to draw Taiwan’s young people and Taiwanese businesses into its united front activities. In response to these five major threats, he said, he has proposed 17 response strategies, one of which being to restore the military trial system. He explained that if active-duty military personnel commit military crimes, they must be subject to military trials, and said that this expresses the Taiwanese government’s determination to respond to China’s united front infiltration and the subversion of Taiwan. Responding to the question of which actions Taiwan can take to guard against China’s threats to regional security, President Lai said that many people are worried that the increasingly tense situation may lead to accidental conflict and the outbreak of war. He stated his own view that Taiwan is committed to facing China’s various threats with caution. Taiwan is never the source of these problems, he emphasized, and if there is an accidental conflict and it turns into a full-scale war, it will certainly be a deliberate act by China using an accidental conflict as a pretext. He said that when China expanded its military presence in the East China Sea and South China Sea, the international community did not stop it; when China conducted exercises in the Taiwan Strait, the international community did not take strong measures to prevent this from happening. Now, he continued, China is conducting gray-zone exercises, which are aggressions against not only the Taiwan Strait, the South China Sea, and the East China Sea, but also extending to the Sea of Japan and waters near South Korea. He said that at this moment, Taiwan, the Philippines, Japan, and even the US should face these developments candidly and seriously, and we must exhibit unity and cooperation to prevent China’s gray-zone aggression from continuing to expand and prevent China from shifting from a military exercise to combat. If no action is taken now, the president said, the situation may become increasingly serious. Asked about the view of some US analysts who point out that China will have the ability to invade Taiwan around 2027, President Lai responded that Taiwan, as the country on the receiving end of threats and aggression, must plan for the worst and make the best preparations. He recalled a famous saying from the armed forces: “Do not count on the enemy not showing up; count on being ready should it strike.” This is why, he said, he proposed the Four Pillars of Peace action plan. First, he said, we must strengthen our national defense. Second, he added, we must strengthen economic resilience, adding that not only must our economy remain strong, but it must also be resilient, and that we cannot put all our eggs in the same basket, in China, as we have done in the past. Third, he continued, we must stand shoulder to shoulder with friends and allies such as Japan and the US, as well as the democratic community, and we must demonstrate the strength of deterrence to prevent China from making the wrong judgment. Fourth, he emphasized, as long as China treats Taiwan with parity and dignity, Taiwan is willing to conduct exchanges and cooperate with China and seek cross-strait peace and mutual prosperity through exchanges and cooperation. Regarding intensifying US-China confrontation, the president was asked in which areas he thinks Taiwan and Japan should strengthen cooperation; with Japan’s Ishiba administration also being a minority government, the president was asked for his expectations for the Ishiba administration. President Lai said that in the face of rapid and tremendous changes in the political situation, every government faces considerable challenges, especially for minority governments, but the Japanese government led by Prime Minister Ishiba has quite adequately responded with various strategies. Furthermore, he said, Japan is different from Taiwan, explaining that although Japan’s ruling party lacks a majority, political parties in Japan engage in competition domestically while exhibiting unity externally. He said that Taiwan’s situation is more challenging, because the ruling and opposition parties hold different views on the direction of the country, due to differences in national identity. The president expressed his hope that in the future Taiwan and Japan will enjoy even more comprehensive cooperation. He stated that he has always believed that deep historical bonds connect Taiwan and Japan. Over the past several decades, he said, when encountering natural disasters and tragedies, our two nations have assisted each other with mutual care and support. He said that the affection between the people of Taiwan and Japan is like that of a family. Pointing out that both countries face the threat of authoritarianism, he said that we share a mission to safeguard universal values such as democracy, freedom, and respect for human rights. The president said that our two countries should be more open to cooperation in various areas to maintain regional peace and stability as well as to strengthen cooperation in economic and industrial development, such as for semiconductor industry chains and everyday applications of AI, including robots and drones, adding that we can also cooperate on climate change response, such as in hydrogen energy and other strategies. He said our two countries should also continue to strengthen people-to-people exchanges. He then took the opportunity to once again invite our good friends from Japan to visit Taiwan for tourism and learn more about Taiwan, saying that the Taiwanese people wholeheartedly welcome our Japanese friends.  

    Details
    2025-05-20
    President Lai interviewed by Nippon Television and Yomiuri TV
    In a recent interview on Nippon Television’s news zero program, President Lai Ching-te responded to questions from host Mr. Sakurai Sho and Yomiuri TV Shanghai Bureau Chief Watanabe Masayo on topics including reflections on his first year in office, cross-strait relations, China’s military threats, Taiwan-United States relations, and Taiwan-Japan relations. The interview was broadcast on the evening of May 19. During the interview, President Lai stated that China intends to change the world’s rules-based international order, and that if Taiwan were invaded, global supply chains would be disrupted. Therefore, he said, Taiwan will strengthen its national defense, prevent war by preparing for war, and achieve the goal of peace. The president also noted that Taiwan’s purpose for developing drones is based on national security and industrial needs, and that Taiwan hopes to collaborate with Japan. He then reiterated that China’s threats are an international problem, and expressed hope to work together with the US, Japan, and others in the global democratic community to prevent China from starting a war. Following is the text of the questions and the president’s responses: Q: How do you feel as you are about to round out your first year in office? President Lai: When I was young, I was determined to practice medicine and save lives. When I left medicine to go into politics, I was determined to transform Taiwan. And when I was sworn in as president on May 20 last year, I was determined to strengthen the nation. Time flies, and it has already been a year. Although the process has been very challenging, I am deeply honored to be a part of it. I am also profoundly grateful to our citizens for allowing me the opportunity to give back to our country. The future will certainly be full of more challenges, but I will do everything I can to unite the people and continue strengthening the nation. That is how I am feeling now. Q: We are now coming up on the 80th anniversary of the end of World War II, and over this period, we have often heard that conflict between Taiwan and the mainland is imminent. Do you personally believe that a cross-strait conflict could happen? President Lai: The international community is very much aware that China intends to replace the US and change the world’s rules-based international order, and annexing Taiwan is just the first step. So, as China’s military power grows stronger, some members of the international community are naturally on edge about whether a cross-strait conflict will break out. The international community must certainly do everything in its power to avoid a conflict in the Taiwan Strait; there is too great a cost. Besides causing direct disasters to both Taiwan and China, the impact on the global economy would be even greater, with estimated losses of US$10 trillion from war alone – that is roughly 10 percent of the global GDP. Additionally, 20 percent of global shipping passes through the Taiwan Strait and surrounding waters, so if a conflict breaks out in the strait, other countries including Japan and Korea would suffer a grave impact. For Japan and Korea, a quarter of external transit passes through the Taiwan Strait and surrounding waters, and a third of the various energy resources and minerals shipped back from other countries pass through said areas. If Taiwan were invaded, global supply chains would be disrupted, and therefore conflict in the Taiwan Strait must be avoided. Such a conflict is indeed avoidable. I am very thankful to Prime Minister of Japan Ishiba Shigeru and former Prime Ministers Abe Shinzo, Suga Yoshihide, and Kishida Fumio, as well as US President Donald Trump and former President Joe Biden, and the other G7 leaders, for continuing to emphasize at international venues that peace and stability across the Taiwan Strait are essential components for global security and prosperity. When everyone in the global democratic community works together, stacking up enough strength to make China’s objectives unattainable or to make the cost of invading Taiwan too high for it to bear, a conflict in the strait can naturally be avoided. Q: As you said, President Lai, maintaining peace and stability across the Taiwan Strait is also very important for other countries. How can war be avoided? What sort of countermeasures is Taiwan prepared to take to prevent war? President Lai: As Mr. Sakurai mentioned earlier, we are coming up on the 80th anniversary of the end of WWII. There are many lessons we can take from that war. First is that peace is priceless, and war has no winners. From the tragedies of WWII, there are lessons that humanity should learn. We must pursue peace, and not start wars blindly, as that would be a major disaster for humanity. In other words, we must be determined to safeguard peace. The second lesson is that we cannot be complacent toward authoritarian powers. If you give them an inch, they will take a mile. They will keep growing, and eventually, not only will peace be unattainable, but war will be inevitable. The third lesson is why WWII ended: It ended because different groups joined together in solidarity. Taiwan, Japan, and the Indo-Pacific region are all directly subjected to China’s threats, so we hope to be able to join together in cooperation. This is why we proposed the Four Pillars of Peace action plan. First, we will strengthen our national defense. Second, we will strengthen economic resilience. Third is standing shoulder to shoulder with the democratic community to demonstrate the strength of deterrence. Fourth is that as long as China treats Taiwan with parity and dignity, Taiwan is willing to conduct exchanges and cooperate with China, and seek peace and mutual prosperity. These four pillars can help us avoid war and achieve peace. That is to say, Taiwan hopes to achieve peace through strength, prevent war by preparing for war, keeping war from happening and pursuing the goal of peace. Q: Regarding drones, everyone knows that recently, Taiwan has been actively researching, developing, and introducing drones. Why do you need to actively research, develop, and introduce new drones at this time? President Lai: This is for two purposes. The first is to meet national security needs. The second is to meet industrial development needs. Because Taiwan, Japan, and the Philippines are all part of the first island chain, and we are all democratic nations, we cannot be like an authoritarian country like China, which has an unlimited national defense budget. In this kind of situation, island nations such as Taiwan, Japan, and the Philippines should leverage their own technologies to develop national defense methods that are asymmetric and utilize unmanned vehicles. In particular, from the Russo-Ukrainian War, we see that Ukraine has successfully utilized unmanned vehicles to protect itself and prevent Russia from unlimited invasion. In other words, the Russo-Ukrainian War has already proven the importance of drones. Therefore, the first purpose of developing drones is based on national security needs. Second, the world has already entered the era of smart technology. Whether generative, agentic, or physical, AI will continue to develop. In the future, cars and ships will also evolve into unmanned vehicles and unmanned boats, and there will be unmanned factories. Drones will even be able to assist with postal deliveries, or services like Uber, Uber Eats, and foodpanda, or agricultural irrigation and pesticide spraying. Therefore, in the future era of comprehensive smart technology, developing unmanned vehicles is a necessity. Taiwan, based on industrial needs, is actively planning the development of drones and unmanned vehicles. I would like to take this opportunity to express Taiwan’s hope to collaborate with Japan in the unmanned vehicle industry. Just as we do in the semiconductor industry, where Japan has raw materials, equipment, and technology, and Taiwan has wafer manufacturing, our two countries can cooperate. Japan is a technological power, and Taiwan also has significant technological strengths. If Taiwan and Japan work together, we will not only be able to safeguard peace and stability in the Taiwan Strait and security in the Indo-Pacific region, but it will also be very helpful for the industrial development of both countries. Q: The drones you just described probably include examples from the Russo-Ukrainian War. Taiwan and China are separated by the Taiwan Strait. Do our drones need to have cross-sea flight capabilities? President Lai: Taiwan does not intend to counterattack the mainland, and does not intend to invade any country. Taiwan’s drones are meant to protect our own nation and territory. Q: Former President Biden previously stated that US forces would assist Taiwan’s defense in the event of an attack. President Trump, however, has yet to clearly state that the US would help defend Taiwan. Do you think that in such an event, the US would help defend Taiwan? Or is Taiwan now trying to persuade the US? President Lai: Former President Biden and President Trump have answered questions from reporters. Although their responses were different, strong cooperation with Taiwan under the Biden administration has continued under the Trump administration; there has been no change. During President Trump’s first term, cooperation with Taiwan was broader and deeper compared to former President Barack Obama’s terms. After former President Biden took office, cooperation with Taiwan increased compared to President Trump’s first term. Now, during President Trump’s second term, cooperation with Taiwan is even greater than under former President Biden. Taiwan-US cooperation continues to grow stronger, and has not changed just because President Trump and former President Biden gave different responses to reporters. Furthermore, the Trump administration publicly stated that in the future, the US will shift its strategic focus from Europe to the Indo-Pacific. The US secretary of defense even publicly stated that the primary mission of the US is to prevent China from invading Taiwan, maintain stability in the Indo-Pacific, and thus maintain world peace. There is a saying in Taiwan that goes, “Help comes most to those who help themselves.” Before asking friends and allies for assistance in facing threats from China, Taiwan must first be determined and prepared to defend itself. This is Taiwan’s principle, and we are working in this direction, making all the necessary preparations to safeguard the nation. Q: I would like to ask you a question about Taiwan-Japan relations. After the Great East Japan Earthquake in 2011, you made an appeal to give Japan a great deal of assistance and care. In particular, you visited Sendai to offer condolences. Later, you also expressed condolences and concern after the earthquakes in Aomori and Kumamoto. What are your expectations for future Taiwan-Japan exchanges and development? President Lai: I come from Tainan, and my constituency is in Tainan. Tainan has very deep ties with Japan, and of course, Taiwan also has deep ties with Japan. However, among Taiwan’s 22 counties and cities, Tainan has the deepest relationship with Japan. I sincerely hope that both of you and your teams will have an opportunity to visit Tainan. I will introduce Tainan’s scenery, including architecture from the era of Japanese rule, Tainan’s cuisine, and unique aspects of Tainan society, and you can also see lifestyles and culture from the Showa era.  The Wushantou Reservoir in Tainan was completed by engineer Mr. Hatta Yoichi from Kanazawa, Japan and the team he led to Tainan after he graduated from then-Tokyo Imperial University. It has nearly a century of history and is still in use today. This reservoir, along with the 16,000-km-long Chianan Canal, transformed the 150,000-hectare Chianan Plain into Taiwan’s premier rice-growing area. It was that foundation in agriculture that enabled Taiwan to develop industry and the technology sector of today. The reservoir continues to supply water to Tainan Science Park. It is used by residents of Tainan, the agricultural sector, and industry, and even the technology sector in Xinshi Industrial Park, as well as Taiwan Semiconductor Manufacturing Company. Because of this, the people of Tainan are deeply grateful for Mr. Hatta and very friendly toward the people of Japan. A major earthquake, the largest in 50 years, struck Tainan on February 6, 2016, resulting in significant casualties. As mayor of Tainan at the time, I was extremely grateful to then-Prime Minister Abe, who sent five Japanese officials to the disaster site in Tainan the day after the earthquake. They were very thoughtful and asked what kind of assistance we needed from the Japanese government. They offered to provide help based on what we needed. I was deeply moved, as former Prime Minister Abe showed such care, going beyond the formality of just sending supplies that we may or may not have actually needed. Instead, the officials asked what we needed and then provided assistance based on those needs, which really moved me. Similarly, when the Great East Japan Earthquake of 2011 or the later Kumamoto earthquakes struck, the people of Tainan, under my leadership, naturally and dutifully expressed their support. Even earlier, when central Taiwan was hit by a major earthquake in 1999, Japan was the first country to deploy a rescue team to the disaster area. On February 6, 2018, after a major earthquake in Hualien, former Prime Minister Abe appeared in a video holding up a message of encouragement he had written in calligraphy saying “Remain strong, Taiwan.” All of Taiwan was deeply moved. Over the years, Taiwan and Japan have supported each other when earthquakes struck, and have forged bonds that are family-like, not just neighborly. This is truly valuable. In the future, I hope Taiwan and Japan can be like brothers, and that the peoples of Taiwan and Japan can treat one another like family. If Taiwan has a problem, then Japan has a problem; if Japan has a problem, then Taiwan has a problem. By caring for and helping each other, we can face various challenges and difficulties, and pursue a brighter future. Q: President Lai, you just used the phrase “If Taiwan has a problem, then Japan has a problem.” In the event that China attempts to invade Taiwan by force, what kind of response measures would you hope the US military and Japan’s Self-Defense Forces take? President Lai: As I just mentioned, annexing Taiwan is only China’s first step. Its ultimate objective is to change the rules-based international order. That being the case, China’s threats are an international problem. So, I would very much hope to work together with the US, Japan, and others in the global democratic community to prevent China from starting a war – prevention, after all, is more important than cure.

    MIL OSI Asia Pacific News –

  • MIL-OSI: nexxbuild Announces Strategic Merger with Investcorp Europe Acquisition Corp I (IVCBF:US)

    Source: GlobeNewswire (MIL-OSI)

    WILMINGTON, Del., May 27, 2025 (GLOBE NEWSWIRE) — In a move aiming to change the construction materials distribution landscape, nexxbuild is thrilled to announce its strategic merger (the “Merger”) with Investcorp Europe Acquisition Corp I (IVCBF:US) (“IVCB”). This partnership signifies a step in nexxbuild’s mission to unify independent local distributors under a cohesive nationwide platform, enhancing their service capabilities and expanding their market reach.

    “Today marks the beginning of an exciting future for local distributors across the country,” stated Nav Rau, CFO of nexxbuild. “As we launch nexxbuild, we are dedicated to revolutionizing the construction materials distribution sector through a ‘people first, tech forward’ vision.” This vision reflects a commitment to integrating cutting-edge technology while keeping the focus on the personal relationships, which are the cornerstones of nexxbuild’s approach.

    Vikas Mittal, Director, Chief Executive, and Financial Officer of Investcorp European Acquisition Corp echoed this sentiment, emphasizing the unique advantages that come with the merger. “nexxbuild’s platform offers a compelling vision—one that respects the independence of local distributors while aiming to enhance their capabilities through shared resources, technology, and scale. The objective is for local distributors to maintain their unique identities while also benefiting from the support, strength, and reach of a nationwide network, allowing for each local distributor to thrive independently and at the same time to be a part of something much larger. If successful, the Merger could position nexxbuild to deliver greater operational efficiency and improved service across its markets, while creating long-term value for all stakeholders involved.”

    The merger with IVCB will empower nexxbuild to significantly expand its offerings and enhance its service capabilities, positioning the company for growth.

    Key Highlights:

    • Empowerment of Local Distributors: nexxbuild is committed to fostering growth while preserving the identities, cultures, and relationships of local distributors.
    • People-First, Technology-Forward: The company is dedicated to being both people-focused and technology-driven, providing access to innovative digital tools that enhance the growth and relevance of the nexxbuild family of brands.
    • Elevated Service and Product Offerings: nexxbuild aims to elevate service and product offerings for vendors and customers alike, ensuring an enhanced experience across the board.

    Advisors

    Advisors to the transaction include Maxim Group LLC, which is serving as exclusive financial advisor to nexxbuild. Duane Morris is serving as counsel to nexxbuild. Edelman Legal Advisory PLLC is serving as counsel to Investcorp Europe Acquisition Corp I.

    About nexxbuild:

    Nexx HoldCo, LLC (“nexxbuild”) brings together the strengths of independent local distributors, forming a unified nationwide platform servicing the construction industry. Where personalized service and local expertise are vital, nexxbuild focuses on empowering these businesses, allowing them to thrive on their own terms while being supported by the comprehensive resources of a national network.

    About Investcorp Europe Acquisition Corp I (IVCBF:US):

    Investcorp Europe Acquisition Corp I (IVCBF:US) is a special purpose acquisition company that seeks to leverage its expertise to create value and drive growth in the construction materials sector.

    Participants in Solicitation 

    IVCB, nexxbuild, and their respective directors, executive officers, other members of management and employees may be deemed participants in the solicitation of proxies from IVCB’s shareholders with respect to the Merger. Investors and securityholders may obtain more detailed information regarding the names and interests in the Merger of the directors and officers of each of IVCB and nexxbuild with respect to the Merger in the proxy statement/prospectus for the Merger when available and in such companies’ respective filings with the Securities and Exchange Commission (the “SEC”), the preliminary proxy statement/prospectus, the definitive proxy statement/prospectus, amendments and supplements, and other documents filed with the SEC. Such information with respect to nexxbuild’s managers and executive officers will also be included in the proxy statement/prospectus. You may obtain free copies of these documents as described below under the heading “Additional Information and Where to Find It.”

    No Offer or Solicitation 

    This press release is not a proxy statement or solicitation of a proxy, consent, or authorization with respect to any securities or in respect of the Merger. The press release shall also not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities of IVCB or nexxbuild in any states or jurisdictions in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.

    Forward-Looking Statements 

    This press release includes forward-looking statements within the meaning of the federal securities laws with respect to the proposed transaction between nexxbuild and IVCB. Forward-looking statements are statements that are not historical facts. Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “think,” “strategy,” “future,” “opportunity,” “potential,” “plan,” “seeks,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties.

    These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many factors could cause actual future events to differ materially from the forward-looking statements in this communication, including but not limited to: (i) the risk that the transactions may not be completed in a timely manner or at all; (ii) the occurrence of any event, change or other circumstance that could give rise to the termination of the business combination agreement; (iii) the failure to achieve the minimum amount of cash available following any redemptions by IVCB’s stockholders; (iv) redemptions exceeding anticipated levels or the failure to meet initial listing standards in connection with the consummation of the transactions; (v) the effect of the announcement or pendency of the transactions on nexxbuild business relationships, operating results, and business generally; (vi) changes in the markets in which nexxbuild competes, including with respect to its competitive landscape, technology evolution, or regulatory changes; (vii) changes in domestic and global general economic conditions; (viii) costs related to the transactions and the failure to realize anticipated benefits of the transaction or to realize estimated pro forma results and underlying assumptions, including with respect to estimated stockholder redemptions; (ix) the ability to recognize the anticipated benefits of the transactions and to achieve its commercialization and development plans, and identify and realize additional opportunities, which may be affected by, among other things, competition, the ability of nexxbuild to grow and manage growth economically and hire and retain key employees and to develop and acquire other construction supply platforms; (x) the risk that nexxbuild may fail to keep pace with rapid technological developments to provide new and innovative products and services; and (xi) those factors discussed in IVCB’s filings with the SEC and that that will be contained in the proxy statement/prospectus relating to the transactions.

    The foregoing list of factors is not exhaustive. And forward-looking statements speak only as of the date of this press release. Accordingly, these forward-looking statements should not be relied upon as representing IVCB or nexxbuild assessments as of any date after the date of this press release. Further, readers are cautioned not to put undue reliance on forward-looking statements. While IVCB and nexxbuild may elect to update these forward-looking statements at some point in the future, they assume no obligation to update or revise these forward-looking statements, whether because of new information, future events or otherwise, except as required by applicable law. Neither of IVCB nor nexxbuild gives any assurance that IVCB or nexxbuild, or the combined company, will achieve its expectations. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of IVCB and/or nexxbuild. You should carefully consider the foregoing factors and the other risks and uncertainties that will be described in the “Risk Factors” section of the proxy statement/prospectus and the amendments, the definitive proxy statement/prospectus to be filed in connection with the transactions, and other documents to be filed by IVCB from time to time with the SEC, including its Annual Report on Form 10-K for the year ended December 31, 2023 filed with the SEC on April 11, 2024 and any subsequent filings. All forward-looking statements are expressly qualified in their entirety by such factors. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Copies will be available on the SEC’s website, www.sec.gov.

    All forward-looking statements are expressly qualified in their entirety by such factors. IVCB does not undertake any duty to update any forward-looking statement except as required by law. 

    Additional Information and Where to Find It 

    In connection with the Merger, IVCB intends to file with the SEC a registration statement on Form S-4 (the “Registration Statement”), which will be both the proxy statement to be distributed to the shareholders of IVCB in connection with IVCB’s solicitation of proxies for the vote by its shareholders with respect to the proposed transaction and other matters as may be described in the definitive proxy statement/prospectus, as well as a prospectus relating to the offer and sale of the securities to be issued in the proposed transaction. Shareholders are encouraged to read the Registration Statement, when available, as it will contain important information.

    This press release does not contain any information that should be considered by IVCB’s shareholders or nexxbuild’s members concerning the proposed transaction and is not intended to constitute the basis of any voting or investment decision in respect of the proposed transaction or the securities of the combined company. The respective shareholders of IVCB and nexxbuild and other interested persons are advised to read, when available, Registration Statement and documents incorporated by reference therein filed in connection with the Merger, as these materials will contain important information about IVCB, nexxbuild, and the Merger. 

    When available, the definitive proxy statement/prospectus and other relevant materials for the Merger will be mailed to shareholders of IVCB as of a record date to be established for voting on the Merger. Shareholders of IVCB will also be able to obtain copies of the Registration Statement, the preliminary proxy statement/prospectus, the definitive proxy statement/prospectus and other documents filed with the SEC, without charge, once available, at the SEC’s web site at www.sec.gov or by directing a request to IVCB at Century Yard, Cricket Square, Elgin Avenue, P.O. Box 1111, George Town, Grand Cayman KY1-1102, Cayman Islands.

    Contact

    IVCB

    Century Yard, Cricket Square, Elgin Avenue, P.O. Box 1111,
    George Town, Grand Cayman KY1-1102, Cayman Islands
    Attn: Vikas Mittal
    212-207-0090

    The MIL Network –

  • MIL-OSI: Xtract One Teams Up with MLB’s Colorado Rockies to Deploy SmartGateway at Coors Field, Bringing Frictionless Screening to Fans this Season

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, May 27, 2025 (GLOBE NEWSWIRE) — Xtract One Technologies (TSX: XTRA)(OTCQX: XTRAF)(FRA: 0PL) (“Xtract One” or the “Company”) today announced it has signed an agreement with the Colorado Rockies (“Rockies”) of Major League Baseball (MLB) to use SmartGateway at their home ballpark, Coors Field. This joint development project seeks to introduce frictionless, streamlined screening and entry to fans and patrons this baseball season.

    “We are thrilled to work with the Colorado Rockies on this deployment to showcase how SmartGateway can help create a safe and secure environment for every fan, player, and ballpark personnel who enters the venue,” said Peter Evans, CEO of Xtract One. “This collaboration reflects our continued commitment to advancing stadium security across major organizations like MLB. We look forward to contributing to a positive, worry-free experience for everyone entering Coors Field all season long.”

    With a capacity of 50,398 at Coors Field, the Colorado Rockies were seeking an advanced screening system to replace traditional walk-through metal detectors. SmartGateway reduces the time spent in long security lines, allowing individuals to walk through security checks up to seven times faster than the average walk-through metal detector allows. Aligning with the Rockies’ mission to conduct business with integrity, service, quality, and trust, the deployment of SmartGateway’s innovative system will enhance guests’ safety and overall game-day experience. This strategic deployment will introduce SmartGateway to Coors Field’s visitors, showcasing innovative technology that unobtrusively scans patrons with AI-powered sensors, minimizes entry line wait times, and contributes to optimized venue operations.

    “As the world keeps innovating, we want to make sure we’re bringing fans the best possible experience,” said Kevin Kahn, Chief Customer Officer & Vice-President, Ballpark Operations of the Colorado Rockies. We look forward to showcasing SmartGateway to fans entering Coors Field, delivering frictionless screening and entry processes, and contributing to an overall better game-day experience.”

    Xtract One’s SmartGateway unobtrusively scans patrons to detect prohibited items, enhancing safety without sacrificing experience. The system uses AI-powered sensors to quickly and accurately scan patrons, seamlessly detecting threats without invading guests’ privacy. SmartGateway reduces wait times and enables faster entry, while providing data-driven security insights that shift security operations from reactive to proactive. Each lane is equipped with the capacity to screen up to 2,400 patrons per hour. The Company’s Multi-Sensor Gateway portfolio has been awarded the U.S. Department of Homeland Security DHS SAFETY Act Designation as a Qualified Anti-Terrorism Technology (QATT), highlighting the efficacy of Xtract One’s innovative security solutions in safeguarding public spaces against modern threats.

    To learn more, visit www.xtractone.com.

    About Xtract One
    Xtract One Technologies is a leading technology-driven provider of threat detection and security solutions leveraging AI to deliver seamless and secure experiences. The Company makes unobtrusive weapons and threat detection systems that are designed to assist facility operators in prioritizing- and delivering improved “Walk-right-In” experiences while enhancing safety. Xtract One’s innovative portfolio of AI-powered Gateway solutions excels at allowing facilities to discreetly screen and identify weapons and other threats at points of entry and exit without disrupting the flow of traffic. With solutions built to serve the unique market needs for schools, hospitals, arenas, stadiums, manufacturing, distribution, and other customers, Xtract One is recognized as a market leader delivering the highest security in combination with the best individual experience. For more information, visit www.xtractone.com or connect on Facebook, X, and LinkedIn.

    About Threat Detection Systems
    Xtract One solutions, when properly configured, deployed, and utilized, are designed to help enhance safety and reduce threats. Given the wide range of potential threats in today’s world, no threat detection system is 100% effective. Xtract One solutions should be utilized as one element in a multilayered approach to physical security.

    Forward-Looking Statements
    This news release contains forward-looking statements within the meaning of applicable securities laws. All statements that are not historical facts, including without limitation, statements regarding future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs of future performance, are “forward-looking statements”. Forward-looking statements can be identified by the use of words such as “plans”, “expects” or “does not expect”, “is expected”, “estimates”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, events or developments to be materially different from any future results, events or developments expressed or implied by such forward looking statements. Such risks and uncertainties include, but are not limited to, the risks detailed from time to time in the continuous disclosure filings made by the Company with securities regulations. These factors should be considered carefully, and readers are cautioned not to place undue reliance on such forward-looking statements. Although the Company has attempted to identify important risk factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other risk factors that cause actions, events or results to differ from those anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in forward-looking statements. The Company has no obligation to update any forward looking statement, even if new information becomes available as a result of future events, new information or for any other reason except as required by law.

    For further information, please contact:
    Xtract One Inquiries: info@xtractone.com, http://www.xtractone.com
    Investor Relations: Chris Witty, Darrow Associates, cwitty@darrowir.com, 646-438-9385
    Media Contact: Kristen Aikey, JMG Public Relations, kristen@jmgpr.com, 212-206-1645

    The MIL Network –

  • MIL-OSI: OTC Markets Group Welcomes Exail Technologies, a European defense company, to OTCQX

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, May 27, 2025 (GLOBE NEWSWIRE) — OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced Exail Technologies (Euronext Paris: EXA; OTCQX: EXALF), a world-leading player in the fields of maritime drone systems and navigation systems, has qualified to trade on the OTCQX® Best Market. Exail Technologies upgraded to OTCQX from the Pink® market and is the first European company active in the defense sector to join the OTCQX Market.

    Exail Technologies begins trading today on OTCQX under the symbol “EXALF.” U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.

    The company continues to be traded simultaneously on its home market, Euronext, as well as on the U.S. market, strengthening its global visibility and enhancing accessibility for international investors.

    Upgrading to the OTCQX Market is an important step for companies seeking to provide transparent trading for their U.S. investors. For companies listed on a qualified international exchange, streamlined market standards enable them to utilize their home market reporting to make their information available in the U.S. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance and demonstrate compliance with applicable securities laws.

    About Exail Technologies
    Exail Technologies is a high-tech company specialized in advanced technologies in the fields of autonomous robotics and navigation, with a deep vertical integration. The group offers complex systems of drones navigation systems especially in the maritime field.

    About OTC Markets Group Inc.

    OTC Markets Group Inc. (OTCQX: OTCM) operates regulated markets for trading 12,000 U.S. and international securities. Our data-driven disclosure standards form the foundation of our three public markets: OTCQX® Best Market, OTCQB® Venture Market, and Pink® Open Market.

    Our OTC Link® Alternative Trading Systems (ATSs) provide critical market infrastructure that broker-dealers rely on to facilitate trading. Our innovative model offers companies more efficient access to the U.S. financial markets.

    OTC Link ATS, OTC Link ECN, OTC Link NQB, and MOON ATSTM are each an SEC regulated ATS, operated by OTC Link LLC, a FINRA and SEC registered broker-dealer, member SIPC.

    To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com.

    Subscribe to the OTC Markets RSS Feed

    Media Contact:
    OTC Markets Group Inc., +1 (212) 896-4428, media@otcmarkets.com

    The MIL Network –

  • MIL-OSI: MEXC Announces the Listing of Sophon (SOPH) with $40,000 in SOPH and 50,000 USDT Prize Pool

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, May 27, 2025 (GLOBE NEWSWIRE) — MEXC, a leading global cryptocurrency exchange, will list Sophon (SOPH) on May 28, 2025(UTC).To celebrate the listing, MEXC is launching a special event for new and existing users, featuring a total prize pool of $40,000 in SOPH and 50,000 USDT.

    Sophon Network (SOPH) bridges the gap in blockchain mainstream adoption by delivering user-friendly blockchain applications that seamlessly integrate into everyday digital life. As the ecosystem matures, the project leverages Validium technology within the ZKsync Elastic Chain to offer high performance and a smooth user experience, two essentials for widespread adoption.

    SOPH is the native utility token of the Sophon Network ecosystem, used for gas fee payments and rewarding node operators. With a fixed total supply of 10 billion tokens, SOPH forms the core economic model of the platform, enabling users to engage with a variety of consumer-focused blockchain applications.

    The Sophon (SOPH) Airdrop+ event runs from May 27, 2025, 11:00 (UTC) to June 6, 2025, 11:00 (UTC) and includes the following benefits:

    • Benefit 1: New users who deposit SOPH will share $30,000 in SOPH.
    • Benefit 2: All users can participate in the Futures Challenge to share 50,000 USDT in Futures bonuses.
    • Benefit 3: All users can invite new users to share $10,000 in SOPH.

    MEXC has established itself as an industry leader by consistently providing users with early access to promising crypto projects. According to the latest TokenInsight report, MEXC led the industry with an impressive 461 spot listings. During each bi-weekly period, MEXC maintained a high listing frequency, consistently ranking among the top six exchanges and demonstrating its ability to capture market trends quickly. To date, MEXC has listed more than 3,000 digital assets. MEXC will maintain its industry-leading listing efficiency, innovate, and expand its offerings, ensuring users can access the best opportunities in the ever-evolving crypto landscape.

    For full event details and participation rules, please visit here.

    About MEXC
    Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto.” Serving over 40 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, everyday airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.
    MEXC Official Website｜ X ｜ Telegram ｜How to Sign Up on MEXC

    Risk Disclaimer:
    The information provided in this article regarding cryptocurrencies does not constitute investment advice. Given the highly volatile nature of the cryptocurrency market, investors are encouraged to carefully assess market fluctuations, the fundamentals of projects, and potential financial risks before making any trading decisions.

    Source

    Contact:
    Lucia Hu
    lucia.hu@mexc.com

    Disclaimer: This is a paid post and is provided by MEXC. 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/aff4c8ac-321b-4bbf-bbb6-c7fcc0b36854

    The MIL Network –

  • MIL-OSI: Gilat Receives Over $25 Million in Orders for its Multi-Orbit Satellite Solutions

    Source: GlobeNewswire (MIL-OSI)

    PETAH TIKVA, Israel, May 27, 2025 (GLOBE NEWSWIRE) — Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions and services, announced today that its Commercial Division received over $25 million in orders from leading global satellite operators. Deliveries are scheduled throughout 2025 and 2026.

    The orders demonstrate continued confidence in Gilat’s powerful portfolio of products and services for multi-orbit constellations—GEO, MEO, and LEO—, including ground segment infrastructure, network management systems, and value-added services. Much of the current momentum is driven by increasing demand for high-quality broadband connectivity in the skies, reinforcing Gilat’s leadership in the IFC market.

    Gilat’s technologies are built to meet the stringent requirements of mobility-driven services like IFC, where performance, efficiency, and reliability are paramount. At the same time, the company’s solutions continue to support a range of commercial satellite applications, helping operators maximize network value and customer satisfaction.

    “We’re seeing accelerating demand for high-quality In-Flight Connectivity as satellite operators expand their service offerings to meet rising expectations from the aviation industry,” said Ron Levin, President of Gilat’s Commercial Division. “At the same time, these orders reflect the broader confidence in Gilat’s ability to deliver reliable, high-performance solutions across a range of satellite communications applications.”

    About Gilat

    Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT) is a leading global provider of satellite-based broadband communications. With over 35 years of experience, we develop and deliver deep technology solutions for satellite, ground, and new space connectivity, offering next-generation solutions and services for critical connectivity across commercial and defense applications. We believe in the right of all people to be connected and are united in our resolution to provide communication solutions to all reaches of the world.

    Together with our wholly owned subsidiaries—Gilat Wavestream, Gilat DataPath, and Gilat Stellar Blu—we offer integrated, high-value solutions supporting multi-orbit constellations, Very High Throughput Satellites (VHTS), and Software-Defined Satellites (SDS) via our Commercial and Defense Divisions. Our comprehensive portfolio is comprised of a cloud-based platform and modems; high-performance satellite terminals; advanced Satellite On-the-Move (SOTM) antennas and ESAs; highly efficient, high-power Solid State Power Amplifiers (SSPA) and Block Upconverters (BUC) and includes integrated ground systems for commercial and defense markets, field services, network management software, and cybersecurity services.

    Gilat’s products and tailored solutions support multiple applications including government and defense, IFC and mobility, broadband access, cellular backhaul, enterprise, aerospace, broadcast, and critical infrastructure clients all while meeting the most stringent service level requirements. For more information, please visit: http://www.gilat.com

    Certain statements made herein that are not historical are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. The words “estimate”, “project”, “intend”, “expect”, “believe” and similar expressions are intended to identify forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties. Many factors could cause the actual results, performance or achievements of Gilat to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements, including, among others, changes in general economic and business conditions, inability to maintain market acceptance to Gilat’s products, inability to timely develop and introduce new technologies, products and applications, rapid changes in the market for Gilat’s products, loss of market share and pressure on prices resulting from competition, introduction of competing products by other companies, inability to manage growth and expansion, loss of key OEM partners, inability to attract and retain qualified personnel, inability to protect the Company’s proprietary technology and risks associated with Gilat’s international operations and its location in Israel, including those related to the hostilities between Israel and Hamas. For additional information regarding these and other risks and uncertainties associated with Gilat’s business, reference is made to Gilat’s reports filed from time to time with the Securities and Exchange Commission. We undertake no obligation to update or revise any forward-looking statements for any reason.

    Contact:

    Gilat Satellite Networks
    Hagay Katz, Chief Product and Marketing Officer
    hagayk@gilat.com

    Alliance Advisors:
    GilatIR@allianceadvisors.com
    Phone: +1 212 838 3777

    The MIL Network –

  • MIL-OSI Russia: NSU student suggests a way to prolong the “life” of a donor heart during transportation

    Translation. Region: Russian Federal

    Source: Novosibirsk State University – Novosibirsk State University –

    A fourth-year student at the Institute of Medicine and Medical Technologies of Novosibirsk State University has won the All-Russian XV Youth Prize in Science and Innovation, proposing a method for directly delivering an oxygen mixture to the heart to maintain the organ’s viability even during long-term transportation. Yaroslav Smirnov won the main prize of 100 thousand rubles for his development. This year, 230 students from 95 universities and 80 schoolchildren from 65 schools across the country sent popular science videos about their projects to the competition. The total prize fund is 1.7 million rubles.

    Yaroslav Smirnov told in his competition application that the shortage of donor hearts is due, among other things, to the impossibility of quickly delivering organs to transplant centers. In his project, he proposed a solution – a method of direct coronary persufflation, which allows the heart to work even outside the human body.

    — Today, in most cases, the method of pharmaco-cold preservation is used, which allows preserving the heart for only 4 hours. But this method does not satisfy the myocardium’s need for oxygen, so there may not be enough time. If you supply the oxygen mixture directly to the coronary arteries of the heart, then you can extend the period to 8 hours, — Yaroslav explained.

    Yaroslav and his team developed a special system that delivers a humidified oxygen mixture to the aorta under stable pressure. The heart is then placed in a plastic bag with a solution and ice. Experiments have shown that the organ’s pumping function is preserved and there is no significant tissue damage.

    The MISiS University Youth Prize in Science and Innovation is an all-Russian competition of popular science videos. You can take part in the school, student and popular science nominations. Contestants must record a short video and talk about their own research, development or scientific phenomenon. Winners and prize winners receive from 10 to 100 thousand rubles, as well as additional points when entering the university.

    The most popular nomination in 2025 was popular science — participants sent more than 100 videos. The most popular project areas were: chemistry and materials science (more than 30 projects), biology and life sciences, engineering sciences. The youngest participant in the award was 7-year-old Pseush Shumaf from Maikop.

    Since its foundation, the Youth Prize has been supported by the Russian Ministry of Education and Science. Partners include: RSF, Rosatom State Corporation, Gazprombank, Decade of Science and Technology, and many others.

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News –

  • Sensex soars 640 points, Nifty crosses 25,000 mark on positive sentiment

    Source: Government of India

    Source: Government of India (4)

    The Indian stock market opened on a strong note Monday, buoyed by positive investor sentiment following India’s ascent to the fourth spot in the global economy rankings.

    By 9:32 a.m., the BSE Sensex had rallied 640.3 points, or 0.78%, to trade at 82,361.46. Meanwhile, the NSE Nifty was up 187.39 points, or 0.75%, at 25,040.45.

    The broader market also saw an upward trend. The Nifty Bank index gained 408.25 points, or 0.74%, reaching 55,806.50. The Nifty Midcap 100 rose 426.60 points to 57,114.35, while the Nifty Smallcap 100 advanced 145.90 points to 17,789.25, registering a 0.83% gain.

    Analysts attributed the early rally to the news of India becoming the world’s fourth-largest economy, calling it a morale booster for markets in the short term. Additionally, the Reserve Bank of India’s record dividend payout to the central government—exceeding budget estimates—is expected to aid in containing the fiscal deficit at 4.4% for FY26.

    “This, in turn, can help sustain the current low inflation trend and a declining interest rate environment, both of which are supportive of equity markets. While foreign institutional investors (FIIs) were strong buyers earlier in May, the trend has turned erratic recently, suggesting profit booking at higher levels,” said V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

    In the Sensex basket, top gainers included M&M, PowerGrid, NTPC, Tata Motors, ICICI Bank, SBI, Tech Mahindra, L&T, Asian Paints, and Axis Bank. Eternal was the only notable loser in early trade.

    In Asia, markets traded mixed. Indices in Bangkok, Seoul, and Tokyo were in the green, while markets in China, Hong Kong, and Jakarta saw declines.

    Globally, the last trading session in the U.S. ended lower. The Dow Jones Industrial Average closed at 41,603.07, down 256.02 points or 0.61%. The S&P 500 dropped 39.19 points (0.67%) to 5,802.82, and the Nasdaq declined 188.53 points (1.00%) to settle at 18,737.21.

    On the institutional investment front, FIIs were net buyers, purchasing equities worth ₹1,794.59 crore on May 23. Domestic institutional investors (DIIs) also bought stocks worth ₹299.78 crore.

    Looking ahead, key economic data such as India’s GDP figures, the U.S. Federal Reserve’s meeting minutes, and U.S. inflation numbers are expected to influence market sentiment this week.

    “Geopolitical uncertainties, the ongoing corporate earnings season, institutional capital flows, and the upcoming derivatives expiry are currently driving volatility in Indian equity markets,” said Devarsh Vakil, Head of Prime Research at HDFC Securities.

     
    -IANS

  • MIL-OSI: Bitget Lists World Liberty Financial’s USD1 (USD1) Token for Spot Trading

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, May 26, 2025 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, has announced the listing of USD1, adding it to spot trading. World Liberty Financial’s USD1 is a fiat-backed stablecoin pegged 1:1 with US Dollars. Trading for USD1/USDT and USD1/USDC trading pair will begin on 26 May 2025, 10:00 (UTC), with withdrawals available on 27 May 2025, 11:00 (UTC).

    The USD1, issued by the Trump family-affiliated World Liberty Financial, is designed to streamline digital transactions by enabling seamless conversion between fiat currency and digital assets. Its recent integration and growing popularity marks a major step toward broader adoption, allowing the stablecoin to operate across multiple blockchains. Through strategic partnerships, USD1 is accelerating its integration within the decentralized finance ecosystem.

    As Bitget continues to curate unique and influential assets within its innovation zone, the listing of USD1 signifies growing demand for stablecoin ecosystems.

    Bitget continues to expand its offerings, positioning itself as a leading platform for cryptocurrency trading. The exchange has established a reputation for innovative solutions that empower users to explore crypto within a secure CeDeFi ecosystem. With an extensive selection of over 800 cryptocurrency pairs and a commitment to broaden its offerings to more than 900 trading pairs, Bitget connects users to various ecosystems, including Bitcoin, Ethereum, Solana, Base, and TON.

    The addition of USD1 into Bitget’s portfolio marks a significant step toward expanding its ecosystem by embracing niche communities and fostering innovation in decentralized economies, further strengthening its role as a gateway to diverse Web3 projects.

    For more details on USD1, visit here.

    About Bitget

    Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 120 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more.

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

    For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet

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

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

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a3dccde4-3a2a-4131-8c07-59dbf02e4c59

    The MIL Network –

  • MIL-OSI Asia-Pac: Speech by CE at Asia Summit on Global Health (English only) (with photos/video)

    Source: Hong Kong Government special administrative region

         Following is the speech by the Chief Executive, Mr John Lee, at the Asia Summit on Global Health today (May 26):
     
    Honourable Vice-minister Cao Xuetao (Vice-minister of the National Health Commission), Deputy Director Yin Zonghua (Deputy Director of the Liaison Office of the Central People’s Government in the Hong Kong Special Administrative Region (HKSAR)), Deputy Commissioner Li Yongsheng (Deputy Commissioner of the Office of the Commissioner of the Ministry of Foreign Affairs of the People’s Republic of China in the HKSAR), Dr Peter Lam (Chairman of the Hong Kong Trade Development Council), distinguished guests, ladies and gentlemen,
     
         Good morning. I am delighted to join you all for this year’s Asia Summit on Global Health. Delighted to welcome our friends from around the world to Hong Kong.
     
         Global health starts with unity.  This spirit of collaboration is as important today as it was in 2021, when this Summit was first launched. It was launched under the cloud of the global pandemic. We don’t need any reminding of the dark days of the COVID-19 outbreak. But it is worth recalling that those difficult times also sparked a remarkable period of healthcare innovation and co-operation. These positive trends continue, here today, at this Summit.
     
         I thank all who are attending the Summit – over 2 800 experts from some 40 countries and regions. You are medical professionals, policymakers, academics, heads of pharmaceutical and health tech enterprises, and experts in many other fields.
     
         You are here to explore innovative solutions to chronic diseases, healthcare inequities and the challenges of an ageing population. To share knowledge and explore the promising opportunities in medicine, and medical technology, across Asia and beyond.
     
         These topics, and more, will be under the microscope, during the next two days of high-level panel discussions, networking and deal-making sessions. From a global perspective, the Director-General of the World Health Organization will share with us his views by video in a few minutes.
     
         Under the theme of “Fostering Global Collaboration for a Shared Future”, this Summit reaffirms Hong Kong’s pivotal role as a leading health innovation hub in the region.
     
         Under the “one country, two systems” principle, Hong Kong enjoys unique connectivity with both Mainland China and the world. As the world’s freest economy and one of the top three international financial centres, we offer an efficient, open and fair business environment with robust intellectual property protection. We maintain free flows of information, capital, goods and talent. We are also emerging as a leading hub for scientific innovation, technological advancement and world-class education.
     
         Hong Kong is the only city in Asia with as many as five universities ranked in the top 100 globally. We are home to two of the world’s top 40 medical schools, and eight State Key Laboratories in life and health disciplines. This, and more, provides fertile ground for world-class scientific research and medical technology innovation.
     
         Under “one country, two systems”, we also enjoy strong support of national strategies, coupled with ever-closer connectivity with our country, China.
     
         The connectivity is fully evident at the Hetao Shenzhen-Hong Kong Science and Technology Innovation Co-operation Zone. Straddling our boundary with the neighbouring city of Shenzhen, the Co-operation Zone comprises the Hong Kong Park and the Shenzhen Park. It pools together the technological strengths of our two cities.
     
         Our respective, and collective, strengths are recognised internationally, I’m pleased to add. In its annual Global Innovation Index, the World Intellectual Property Organization has ranked the Shenzhen-Hong Kong-Guangzhou science and technology cluster second, globally, for five consecutive years.
     
         It helps that we are core cities in the Guangdong-Hong Kong-Macao Greater Bay Area, or the GBA, a cluster city development that brings together 11 cities in southern China. It has a population of some 87 million, and a GDP that closely rivals the world’s 10th-largest economy.
     
         Riding on this synergy with other GBA cities, the Hong Kong Park of the Co-operation Zone is in good shape for its operational phase later this year. We will provide over US$250 million to support the InnoHK research clusters to set up there, and another US$25 million to assist start-ups engaging in life and health technology.
     
         The InnoHK clusters, let me add, now count 29 research centres and laboratories focusing on health tech, artificial intelligence and robotics, each formed by partnering a Hong Kong institution with a Mainland or international institution.
     
         In other news from the Co-operation Zone, the Greater Bay Area International Clinical Trial Institute is now up and running in the Hong Kong Park.
     
         And, just last week, the Institute started a collaboration initiative on clinical trial with our two medical schools. In more than 70 clinical trial projects expected to be launched in the coming year, the Institute will help to co-ordinate in cross-boundary clinical trials, connection with GBA institutions, and more. Well, that’s what I call a healthy outcome!
     
         Another key healthcare collaboration is on the registration for drugs and medical devices. Under a special measure of the National Medical Products Administration, several healthcare institutions in Mainland cities of the GBA may now use drugs and medical devices used in Hong Kong, but not yet registered on the Mainland. This accelerated pathway allows for the access of innovative medicines and devices into the Mainland market.
     
         We are now working with Shenzhen to establish a Real-World Study and Application Centre, by year’s end, to promote co-operation on the sharing of health and medical data. It would speed up the approval and registration of new drugs in both places.
     
         Hong Kong is committed to establishing its own internationally recognised authority for the registration of drugs and medical devices. We have implemented the “1+” mechanism for the registration of new drugs, vaccines and advanced therapy products. The mechanism allows for a drug to be registered in Hong Kong, once it has been registered with a reference drug regulatory authority, and supported by local clinical data.
     
         These and other efforts will drive the development of Hong Kong into an international health and medical innovation hub. More importantly, they will expedite patients’ access to advanced diagnostic and treatment services.
     
         To boost Hong Kong’s research prowess, we have launched a subsidy to support local universities in setting up health technology research institutes. With an allocation of some US$770 million, the programme will foster academic collaboration in life and health sciences research.
     
         Beyond funding research, let me add, we are also investing into developing our research talent. As a result, publicly funded PhD places increased by about one-third to 7 200 over the past two academic years. Places under the Hong Kong PhD Fellowship Scheme also saw a one-third rise.
     
         We endeavour to ensure the timely, and efficient, commercial returns from Hong Kong’s excellent research outcomes, including healthcare innovations. For this, we have set aside over US$1.2 billion for the Research, Academic and Industry Sectors One-plus Scheme, and another US$1.2 billion for the New Industrialisation Acceleration Scheme. These Schemes support enterprises to adopt new innovations, and set up smart productions facilities, respectively.
     
         Ladies and gentlemen, in fighting a virus, isolation is vital – quarantining the infected to protect the healthy. But in tackling healthcare, trade, and other societal issues, isolation is not the answer. While walls may stem the spread of a disease, they stifle free and open exchange, which is the lifeblood of prosperity.

         With unilateralism and protectionism sweeping the world like a contagion, we should remember a fundamental truth: Trade thrives on openness. Much as how a human body can only stay healthy when its interconnected systems work in harmony, our global economy can only prosper with an ecosystem of trust, collaboration and multilateralism. For in trade, as in health, resilience lies not in isolation, but in collaboration. And Hong Kong is here to build meaningful partnerships and innovative co-operations, with all of you.
     
         My thanks to the Hong Kong Trade Development Council for jointly organising this Summit with the HKSAR Government. I encourage all of you to visit the Hong Kong International Medical and Healthcare Fair, another key event of this International Healthcare Week, over the next three days.
     
         As the saying goes, “Laughter is the best medicine”. Therefore, while this Summit focuses on the serious topic of global health, I would like to see all of you rejoice here and participate in a happy mood. Find time, also, to relax and enjoy the colourful cultural experiences here in our world city.
     
         I wish you all a very successful Summit, a delightful stay in Hong Kong and, of course, the best of health!
     
         Thank you.

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Taiwan’s MOEA Announces: DOIT to Showcase Three NT$100 Million Startups at InnoVEX 2025

    Source: Republic of China Taiwan

    The Department of Industrial Technology under Taiwan’s Ministry of Economic Affairs (MOEA) led 20 research-driven startup teams to InnoVEX, one of Asia’s leading innovation and startup exhibitions. At the event, they unveiled the Taiwan Research-Institute Entrepreneur Ecosystem (TREE) Pavilion, showcasing advanced innovations in AI, ICT, semiconductors, smart mobility, biotech, healthcare tech, green tech, and the circular economy.

    Three startups have achieved the NT$100 million revenue benchmark:

    -FREE Bionics: Has tripled its revenue in the past four years and secured over NT$600 million in funding.
    -KopherBit: On track to exceed NT$100 million in revenue by 2025.
    -GasolineAI: Secured an order worth NT$100 million in its first year.

    Additionally, the 2025 TREE Award Ceremony took place on May 22, celebrating five promising startup teams from research institutions. Experts selected them for their achievements in translating research innovations into market successes.

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: MOEA Develops World-Leading B5G NTN Base Station System, Partners with MediaTek and Chunghwa Telecom to Enable Seamless Satellite Communication Upgrades for Network Equipment

    Source: Republic of China Taiwan

    At COMPUTEX 2025, the MOEA unveiled its Tech Hub to showcase 30 innovative technologies, highlighting the world-leading B5G/6G Non-Terrestrial Network (NTN) base station system and bringing together leading network communication companies and major R&D institutes including ITRI, MIRDC, TTRI, and ARTC. In partnership with MediaTek and Chunghwa Telecom, the MOEA successfully completed multi-orbit satellite communication trials. This breakthrough enables direct satellite connectivity via software upgrades, eliminating the need for hardware replacement-a game-changer for remote and offshore connectivity. The solution received global attention at this year’s MWC Barcelona.

    According to the MOEA, Taiwan plays a critical role in the global ICT and AI ecosystem. To stay ahead in next-generation communications and AI-driven manufacturing, the ministry has launched 50 AI pilot production lines, which are already being applied in sectors such as energy storage and smart manufacturing. One notable example is the POXA Energy Management System, which uses AI for intelligent scheduling to optimize green energy storage. The system is slated to spin off into a startup by 2025 to expand its reach.

    The Tech Hub showcases innovations across five key areas: AI services, immersive technologies, AI for manufacturing, sustainable green energy, and next-generation communication. Highlighted solutions include an AI-powered medical logistics robot at Kaohsiung Veterans General Hospital; a smart knee brace with electrostimulation to accelerate rehabilitation for the elderly; photo-realistic AI 3D modeling technology that creates high-fidelity models using only a smartphone; and a transparent display open architecture system designed for smart libraries and hybrid digital-physical environments.

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: MOEA Minister Kuo Visits Texas to Promote Supply Chain Cooperation

    Source: Republic of China Taiwan

    On May 15, Minister of Economic Affairs Jyh-Huei Kuo attended the grand opening ceremony of GlobalWafers’ new plant in Sherman, Texas. Then he traveled to Houston to visit Foxconn’s server plant and hosted business roundtables with Houston-based Taiwanese business leaders.

    Minister Kuo wanted to gain a better understanding of Taiwan’s outbound investment in Texas, explore areas where the Ministry’s support may be needed, and listen to the business leaders’ viewpoints on enhancing U.S.-Taiwan economic and trade relations.

    On the following day, Minister Kuo went to Austin, Texas where he met with Governor Greg Abbott and Texas House Speaker Dustin Burrows. State Representative Angie Chen Button had also invited Mr. Kuo to attend a session of the Texas House of Representatives, where Speaker Burrows formally recognized his contributions to strengthening economic and trade ties between Taiwan and Texas.

    Last July, Minister Kuo signed the Taiwan-Texas Economic Development Statement of Intent (EDSI) with Texas Governor Greg Abbott. The agreement aims to enhance collaboration in fields such as semiconductors, electric vehicles, energy resilience, and innovative technologies. Minister Kuo paid a return visit to Governor Abbott focused on implementing this EDSI and further promoting investment and economic partnership between both sides.

    During the meeting, Governor Abbott highlighted Texas’s business-friendly environment, including low tax rates, reasonable investment regulations, a high-quality workforce, and comprehensive vocational training programs.

    On the other hand, the Taiwan Minister provided updates on Taiwan’s outbound investment in Texas and MOEA plans to set up an investment and trade center in Texas later this year. They also exchanged views on how to develop a more resilient Taiwan–Texas supply chain partnership through establishing a science and industry park and strengthening cooperation in semiconductors and AI areas.

    In 2024, Taiwan was Texas’s fourth-largest import source, with a total trade volume of $25.58 billion—a 19.91% year-over-year growth.

    MIL OSI Asia Pacific News –

  • MIL-OSI: 31/2025・Trifork Group: Weekly report on share buyback

    Source: GlobeNewswire (MIL-OSI)

    Company announcement no. 31 / 2025
    Schindellegi, Switzerland – 26 May 2025

    Trifork Group: Weekly report on share buyback

    On 28 February 2025, Trifork initiated a share buyback program in accordance with Regulation No. 596/2014 of the European Parliament and Council of 16 April 2014 (MAR) and Commission Delegated Regulation (EU) 2016/1052, (Safe Harbour regulation). The share buyback program runs from 4 March 2025 up to and including no later than 30 June 2025. For details, please see company announcement no. 7 of 28 February 2025.

    Under the share buyback program, Trifork will purchase shares for up to a total of DKK 14.92 million (approximately EUR 2 million). Prior to the launch of the share buyback, Trifork held 256,329 treasury shares, corresponding to 1.3% of the share capital. Under the program, the following transactions have been made:

            Number of shares        Average purchase price (DKK)        Transaction value (DKK)
    Total beginning 88,874 86.74 7,709,372
    19 May 2025 1,300 92.53 120,289
    20 May 2025 1,200 91.89 110,268
    21 May 2025 1,200 91.57 109,884
    22 May 2025 1,200 91.53 109,836
    23 May 2025 1,200 90.93 109,116
    Accumulated 94,974 87.06 8,268,765

    A detailed overview of the daily transactions can be found here: https://investor.trifork.com/trifork-shares/

    Since the share buyback program was started on 4 March 2025, the total number of repurchased shares is 94,974 at a total amount of DKK 8,268,765.
    On 25 March, 25 April and 23 May 2025, 4,370 shares acquired through the share buyback program were utilized for the Executive Management’s monthly fixed salary, representing a change from cash payment to payment partly in shares (refer to company announcement no. 1 of 21 January 2025). On 1 April 2025, 19,943 shares acquired through the share buyback program were utilized to serve the RSU plan of Executive Management and certain employees.

    With the transactions stated above, Trifork holds a total of 326,016 treasury shares, corresponding to 1.7%. The total number of registered shares in Trifork is 19,744,899. Adjusted for treasury shares, the number of outstanding shares is 19,417,909.


    Investor and media contact
    Frederik Svanholm, Group Investment Director, frsv@trifork.com, +41 79 357 73 17

    About Trifork
    Trifork is a pioneering and global technology partner, empowering enterprise and public sector customers with innovative digital solutions. With 1,215 professionals across 71 business units in 16 countries, Trifork specializes in designing, building, and operating advanced software across sectors such as public administration, healthcare, manufacturing, logistics, energy, financial services, retail, and real estate. The Group’s R&D arm, Trifork Labs, drives innovation by investing in and developing synergistic, high-potential technology companies. Trifork Group AG is publicly listed on Nasdaq Copenhagen. Learn more at trifork.com.

    Attachment

    The MIL Network –

  • MIL-Evening Report: Who really benefits from smart tech at home? ‘Optimising’ family life can reinforce gender roles

    Source: The Conversation (Au and NZ) – By Indra Mckie, Postdoctoral Researcher in Collaborative Human-AI Interaction Culture, University of Technology Sydney

    Ashlifier/Shutterstock

    Have you heard of the “male technologist” mindset? It may sound familiar, and you may even know such people personally.

    Design researchers Turkka Keinonen and Nils Ehrenberg
    have defined the male technologist as someone who is obsessed with concerns about energy, efficiency and reducing labour.

    This archetype became apparent in my PhD research when I interviewed 12 families about their use of early domestic robots and smart home devices Amazon Alexa and Google Home. One father over-engineered his smart home so much, his kids struggled to turn the lights on and off.

    The male technologist in the home, as seen in my research, reflects wider trends of the Silicon Valley “tech bro” archetype, the techno-patriarchy, and the growing influence of a tech oligarchy in the Western world.

    The male technologist often complicates and overcompensates with technology, raising the question: are these real problems tech can solve, or just quick fixes masking deeper issues?

    Long-standing patriarchal systems shape the gendered division of domestic labour.
    Andrea Piacquadio/Pexels

    It’s not about making men feel guilty

    The term “male technologist” isn’t about making men feel guilty for using technology to innovate. Anyone can adopt this mindset. It can even apply to institutions that prioritise innovation and efficiency over emotional insight, lived experience or community-based ways of creating change.

    It’s a reflection of how a masculine drive to solve surface-level problems can come before addressing patriarchal systems that have shaped the long-standing gendered division of domestic labour and “mental load”.

    Mental load is the invisible, ongoing effort of planning, organising and managing daily life that often goes unnoticed but is essential to keeping things running.

    Take one of my research participants, Hugo (name changed for privacy). A father of two, Hugo embodies this male technologist mindset by creating “business scenarios” to solve his family’s problems with smart home automation.


    Indra Mckie/The Conversation

    Treating family life like a system to optimise, Hugo noticed his wife looking stressed while cooking. So, he installed a smart clock with Alexa in the kitchen to help her manage multiple timers.

    Hugo saw it as an empathetic solution, tailored to the way she liked to cook. But instead of sharing the load of this domestic task, he “engineered” around it, offloading responsibility to smart devices.

    Smart home tech promises to save time, but it hasn’t solved who does what at home. Instead, it hands more power to those with digital know-how, letting them automate tasks they may never have done or fully understood in the first place.

    Typically, these tend to be men. A recent survey by Kaspersky showed 72% of men are the ones who set up their families’ smart devices, compared to 47% of women.

    Unfortunately, a recent Australian survey found women still do more unpaid domestic work than men. Even in households where women have full-time jobs, they spend almost four hours more on household chores per week than men do.

    Who really benefits in a smart home

    Amazon first released Alexa back in 2014, with Apple and Google quickly following with their own smart home speakers. In the past decade, some people have adopted the hype of the “smart home” to make life easier by controlling technology without needing to get off the couch.

    But smart technology can also affect access to shared spaces, create new forms of control over things and people in the home, and constrain human interactions. And it can be set up to reinforce the existing hierarchy within the household.


    Indra Mckie/The Conversation

    By his own admission, Hugo has over-engineered the home to the point where his children struggle to turn the lights on and off, having disabled the physical switches in favour of voice commands.

    My research looked at how automation is changing care giving and acts of service in the home. With “compassionate automation”, someone could use smart technology to support loved ones in thoughtful ways, such as setting up smart home routines or reminders to make daily life easier.

    But even when it comes from a place of care, tech-based help is not the same as human care. It may not always feel meaningful to the person receiving or providing it. As another participant in my research put it:

    I think there are still human interactions [..] that you probably don’t want AI to mediate for you.


    Indra Mckie/The Conversation

    So what is the alternative to a male technologist mindset? Feminist and queer technology studies offer a different lens. Researchers in these fields argue our interactions with technology are never neutral; they are shaped by gender, power and cultural norms.

    When we recognise this, we can imagine ways of designing and using tech in ways that emphasise care and relationships. Instead of setting up a smart timer in the kitchen, the technologist could ask his wife what she’s cooking and join her, using the voice assistant together to follow a recipe step by step.

    The ultimate fantasy of the male technologist is more toys to solve domestic labour problems at home.
    Gordenkoff/Shutterstock

    Looking ahead to the future of smart homes

    As Alexa+ rolls out later this year with a “smarter” generative AI brain, Google increases Gemini integration into its Home app, and tech companies race to build humanoid robots that can cook dinner and fold laundry, we’re seeing the ultimate fantasy of the male technologist come to life: more toys to presumably solve the problems of domestic labour at home.

    But if men are now taking on more of the digital load, will the mental load finally shift too? Or will they continue to automate the easy, visible tasks while the emotional and cognitive labour still goes unseen and unshared?

    Elon Musk has declared plans to launch several thousand Optimus robots – Tesla’s bid into the humanoid robot race.
    He expects the explosion of a new market of personal humanoid robots, generating US$10 trillion in revenue long-term and potentially becoming the most valuable part of Tesla’s business.

    But as homes get “smarter,” we have to ask: how is this reshaping family dynamics, relationships and domestic responsibility?

    It’s important to consider if outsourcing chores to technology really is about easing the load, or just engineering our way around it without addressing the deeper mental and relational work of household labour.

    Indra Mckie received the UTS Research Excellence Scholarship to complete her PhD research at the University of Technology Sydney.

    – ref. Who really benefits from smart tech at home? ‘Optimising’ family life can reinforce gender roles – https://theconversation.com/who-really-benefits-from-smart-tech-at-home-optimising-family-life-can-reinforce-gender-roles-256477

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI China: China sets action plan for digital, intelligent supply chains

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

    BEIJING, May 26 — China rolled out an action plan on Monday to accelerate the development of digital and intelligent supply chains as part of broader efforts to modernize them.

    The action plan, jointly issued by the Ministry of Commerce and seven other departments, advocates adopting cutting-edge technologies such as artificial intelligence, Internet of Things and blockchain to drive digitalization, intelligentization and visualization of supply chains.

    The plan vows to improve the agricultural supply chains, develop intelligent manufacturing supply chains, strengthen supply chain integration in the wholesale sector, optimize retail supply chains, and reduce logistics costs, according to the commerce ministry.

    It comes as the country is stepping up efforts to improve the systems for enhancing the resilience and security of industrial and supply chains, promote full integration between the real economy and the digital economy, and encourage enterprises to apply digital and intelligent technologies to transform and upgrade traditional industries.

    The plan aims to establish replicable models for building digital and intelligent supply chains, with deeply embedded, intelligent and self-supporting systems operational across the country’s major industries and key fields by 2030.

    It also targets nurturing about 100 national leading enterprises in the digital and intelligent supply chain sector by 2030.

    MIL OSI China News –

  • MIL-OSI China: Cannes roundtable explores new era for Chinese cinema

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

    A roundtable on “Exploring China’s Film Narratives in a New Era” brought together Chinese and international filmmakers at the Marché du Film during the 78th Cannes Film Festival, aiming to strengthen cross-cultural dialogue and boost the global appeal of Chinese cinema.

    (From left) Cedric Behrel, Chen Sicheng, Chen Yu and moderator Silvia Wong join the panel roundtable “Exploring China’s Film Narratives in a New Era” during the 78th Cannes Film Festival in Cannes, France, May 20, 2025. [Photo courtesy of China Film Association]

    Deng Guanghui, executive president of the China Film Association, noted in his opening remarks that 2025 marks the 120th anniversary of Chinese cinema and highlighted the industry’s evolution from technical innovation to greater cultural depth.

    “In recent years, supportive policies have driven both creative and industrial growth. Chinese filmmakers are advancing aesthetic traditions while developing unique styles in content, technology and global outreach. They continue to tell original, powerful stories to audiences worldwide,” Deng said.

    China is home to the world’s second-largest film market, Deng said, noting that the government is encouraging more crossover initiatives such as “film plus tourism” and “film plus consumer experiences” to grow the market and promote global development.

    “Chinese cinema will remain open and inclusive, working with international filmmakers to tell stories of our shared future,” he said.

    The panel featured renowned filmmaker Chen Sicheng, screenwriter and Peking University professor Chen Yu, and Cedric Behrel, managing director of Trinity CineAsia, as keynote speakers.

    Chen Sicheng, creator of the hit “Detective Chinatown” franchise, shared insights into the series’ success, saying it has become increasingly difficult to satisfy audiences with single-genre films as new formats such as gaming and social media gain influence.

    “Filmmakers must adapt,” he said. “The ‘Detective Chinatown’ IP blends thriller, comedy and action while reflecting contemporary society. Both form and content need to resonate equally with Chinese audiences.”

    “Chinatown is a unique window and symbol of Chinese culture, especially abroad,” Chen said. “I wanted to tell a story about distinctly Chinese detectives on adventures overseas. Through this film, I hope international audiences can see Chinese cinema evolve. Did I expect its success? I was confident – good films will always find their audience.”

    Chen also revealed plans to set the next “Detective Chinatown” installment in London, but after visiting France, he is now considering filming in Paris and expanding the story across Europe.

    Screenwriter Chen Yu, known for his work on Zhang Yimou’s acclaimed films such as “Full River Red” and “Under the Light,” discussed trends among Chinese audiences. “Chinese viewers are paying more attention to the narrative itself. But this isn’t unique to China – we’re also seeing a global return to storytelling as a central focus,” Chen said. “Audiences generally hope to draw emotional and sentimental strength from films.”

    Cedric Behrel, whose company has handled numerous Chinese releases abroad, including the recent animated juggernaut “Ne Zha 2,” said China’s vast domestic market and its capacity for producing large-scale, high-quality films give it a distinct advantage in delivering the big-screen experiences audiences desire. He noted that as people worldwide spend more time on personal screens, Chinese cinema has an opportunity to stand out.

    He also pointed to China’s rich cultural heritage as a deep source of stories, noting that films like “Ne Zha 2” must balance staying true to local mythology while appealing to global audiences. For Behrel, the appeal lies in demonstrating that Chinese films can compete with Hollywood blockbusters and leading animation studios like Disney, Pixar and Japan’s anime industry.

    (From left) Chen Yu, Deng Guanghui, Chen Sicheng and Cedric Behrel pose for a photo after the panel roundtable at the 78th Cannes Film Festival in Cannes, France, May 20, 2025. [Photo courtesy of China Film Association]

    Chen Sicheng spoke about his role in supporting young talent. He said film industrialization goes beyond visual effects–driven blockbusters, describing it as a systematic process that includes scriptwriting, production, post-production and marketing. Chen sees his company and his role as managing this pipeline to help young Chinese directors become more professional and to provide support where needed.

    Discussing his upcoming film “Malice,” which he produced and wrote and is set for release in July, Chen said the story addresses contemporary issues such as online public opinion and cyberbullying.

    Chen said problems on the internet are a global issue, not unique to China. Since the 1990s, the internet has driven significant progress but also brought challenges, as voices of authority have been drowned out and irrational opinions have come to dominate online discussions, distorting perspectives on politics, culture and the future of humanity.

    “While ‘Malice’ can’t fix these problems, films must reflect their time,” Chen said. “This movie will serve as a time capsule of the digital age and preserve our collective memory of these critical years.”

    Chen Yu also addressed another trending topic: artificial intelligence. He said AI will achieve significant progress and, as its internal systems become more complex, it may eventually develop a form of intelligence. While he views AI as a tool capable of creating many things, he emphasized that humans remain the true measure of all things. Artistic creation, he said, is driven by human flaws and hesitation – qualities that AI, as a rational tool, cannot replicate.

    “When art touches the softest parts of the human soul, AI cannot replace it,” he stressed.

    MIL OSI China News –

  • MIL-OSI: tpay Appoints Marouane Bakhtar as Chief Operating Officer

    Source: GlobeNewswire (MIL-OSI)

    DUBAI, United Arab Emirates, May 26, 2025 (GLOBE NEWSWIRE) — tpay, the leading payment connector, has appointed Marouane Bakhtar as Chief Operating Officer (COO). In this pivotal role, Marouane will oversee and manage day-to-day operations, including engineering and commercial functions, ensuring operational excellence and alignment with the company’s strategic objectives.

    He will collaborate closely with the executive leadership team to drive growth, enhance efficiency, and support the execution of tpay’s long-term vision.

    “We’re pleased to welcome Marouane to tpay management,” said Işık Uman, Group CEO of tpay. “I believe that he will bring a wealth of experience in operational execution that aligns perfectly with our goal to deliver sustainable value for our clients, and with his broad experience and diverse skill set in the finance industry and deep understanding of fintech approach, he will make a remarkable contribution in translating tpay’s strategic plans into actionable operational goals.”

    “I’m thrilled to take on this new role as tpay implements a strategy to take the company to the next level by expanding its platform offerings and creating more sustainable value for its clients,” commented Marouane Bakhtar. “I look forward to working with tpay management to lead the teams tasked with driving optimal customer experiences and maximising customer value.”

    Marouane brings 17 years of experience leading large-scale, complex projects in top-tier financial services organisations. As former Managing Director of Synpulse UK, he quadrupled the firm’s presence in the UK and led multi-million-pound transformation initiatives, overseeing strategy, delivery, sales, finance, HR, and client partnerships.

    He has extensive expertise in corporate strategy, digital transformation, and technology leadership, known for combining strategic vision with operational and technological execution to drive measurable growth and impact.

    Marouane has a master’s degree in finance and economics from Toulouse Business School.

    About tpay

    tpay is the leading payment connector in the Middle East, Turkey, and Africa (META), dedicated to empowering digital transactions and expanding access to services across the region. With a presence in over 30 countries and partnerships with hundreds of merchants and operators, tpay unifies META through unparalleled network reach, strategic alliances, and transaction excellence. Trusted by global tech brands like Google, Huawei, MBC, Tencent, and others, tpay is transforming digital payments across META. Discover more at: https://tpaymobile.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/22ca5a56-4acd-447c-848c-60c03e318018

    The MIL Network –

  • MIL-OSI Russia: China unveils action plan to accelerate development of digital and intelligent supply chains

    Translation. Region: Russian Federal

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

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

    BEIJING, May 26 (Xinhua) — China has unveiled an action plan to accelerate the development of digital and intelligent supply chains as part of a broader effort to upgrade them.

    The action plan, jointly released by China’s Ministry of Commerce and seven other departments, proposes adopting new technologies such as artificial intelligence, the Internet of Things and blockchain to drive the digitalization, intelligence and visualization of supply chains.

    According to the ministry, the plan aims to improve the level of supply chain organization in the agricultural sector, promote the intelligent development of supply chains in the manufacturing industry, strengthen the supply chain integration capacity in the wholesale sector, optimize the supply chain offer in the retail sector, and reduce logistics costs.

    The move comes as the country steps up efforts to improve the system’s health by strengthening the resilience and safety of industrial and supply chains, promoting the deep integration of the real economy and the digital economy, and supporting enterprises in transforming and upgrading traditional industries with digital intelligence technologies.

    The plan aims to establish replicable models for building digital and intelligent supply chains and basically build deeply embedded, intelligent, efficient, self-sufficient and controllable supply chain systems in important manufacturing industries and key areas of the country by 2030.

    The document also envisages cultivating about 100 leading national enterprises in the digital and intelligent supply chain sector by 2030. -0-

    MIL OSI Russia News –

  • MIL-OSI: CIC Lyonnaise de Banque -Notice of Early Redemption-(ISIN Code: FR0000047789)

    Source: GlobeNewswire (MIL-OSI)

    NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO OR TO ANY JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS ANNOUNCEMENT (SEE “DISCLAIMER” BELOW).

    Paris, May, 26th, 2025

    Notice of Early Redemption

    To : (i)      The Noteholders of the below mentioned Notes;
    (ii)      Euronext Paris
    (iii)      Fiscal Agent.

    Dear Sirs,

    CIC Lyonnaise de Banque
    “Titres Participatifs” Variable Rate Notes issued on 28 May 1985 (the ‘’Notes”)

    (ISIN Code: FR0000047789)

    CIC Lyonnaise de Banque is the issuer (the “Issuer’’) of the Notes.

    In accordance with the terms and conditions of the Notes (the ‘’Conditions’’), the Issuer hereby gives notice that it is exercising in whole its right to redeem the Notes pursuant to the provision Redemption (‘’Remboursement’’) of the Listing Particulars (“Issuer Call Option”) of the Notes.

    We, the Issuer, instruct you as Fiscal Agent, to authorise the French Central Securities Depository to cancel the Notes redeemed on 30 June, 2025 (“Early Redemption Date”).

    For the purposes of the Issuer Call:

    (i) the Issuer Call Date will be 30 June, 2025; and
    (ii) the Optional Redemption Amount(s) or Early Redemption Amount excluding accrued interest is: EUR 300.68 per Denomination.

    Unless otherwise defined in this notice, capitalised terms used in this notice shall have the meaning given to them in the Listing Particulars (‘’Note d’Information’’) dated 1st June, 1985, as applicable, relating to the Notes.

    Yours faithfully,

    For and on behalf of

    CIC Lyonnaise de Banque

    By:

    Duly authorised

    DISCLAIMER
    This press release does not constitute an offer to purchase, or the solicitation of an offer to sell, the Instruments in the United States, Canada, Australia, or Japan or in any other jurisdiction, including France. The distribution of this press release in certain jurisdictions may be restricted by law. Persons into whose possession this press release comes are required to inform themselves and observe any such restrictions. No communication may be distributed to the public in any jurisdiction in which registration or approval is required. No action has been or will be taken in any jurisdiction where such action would be required; CIC Lyonnaise de Banque disclaims any liability for any violation by any person of such restrictions.

    Contacts
    Corporate Communications and Press Relations Department: +33 (0)1 53 48 26 00 – compresse@cic.fr
    Investor Relations: bfcm-web@creditmutuel.fr

    About CIC Lyonnaise de Banque

    A leading bank in the South-Eastern quarter of France, CIC Lyonnaise de Banque has a network of nearly 300 branches and 3,000 employees for its 1.3 million customers. To meet the needs of all economic players and to build a constantly performing offer on a daily basis, he combines the professions of finance, insurance, telephony and advanced technological services with a great financial strength reinforced by CIC Group and the Group parent company, Crédit Mutuel Alliance Fédérale. More information on CIC.fr

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  • MIL-OSI: Capgemini, Mistral AI and SAP combine forces to offer secure, scalable gen AI-powered solutions for regulated industries

    Source: GlobeNewswire (MIL-OSI)

    Press contact:
    Antara Nandy
    Tel.:+ 91 9674515119
    E-mail: antara.nandy@capgemini.com

    Capgemini, Mistral AI and SAP combine forces to offer secure,
    scalable gen AI-powered solutions for regulated industries

    Paris, May 26 2025 – Capgemini today announced an expansion of its strategic partnership with Mistral AI, a leader in innovative AI model development, and SAP, to help drive growth for regulated organizations by transforming operations and improving business outcomes, through a broad range of AI models. This unique collaboration provides a trusted and secure environment to deploy custom AI solutions within SAP for those industries with strict data requirements such as financial services, public sector, aerospace & defense, and energy & utilities. Leveraging Mistral AI’s revolutionary generative AI (gen AI) models and the SAP Business Technology Platform (BTP), Capgemini aims to develop multiple easily accessible business AI use cases, with a lower carbon footprint.

    Enterprises are increasingly turning to business AI to optimize processes and decision-making, while integrating generative AI to drive greater business value. This combination enables organizations to increase resilience by simulating scenarios, preparing response plans for crises, and quickly adapting to market changes. These technologies also help organizations gain a significant competitive edge, differentiating themselves through more personalized customer experiences, adapting their supply chain to high personalization, and enriching products with high value digital services. By leveraging AI, organizations can achieve both top and bottom-line improvements across numerous functional areas. Moreover, organizations in regulated industries or those handling sensitive data often find it challenging to access these benefits. They require advanced generative AI models that operate within a secure environment such as the self-hosted SAP Business Technology Platform.

    As part of this new collaboration, Capgemini will offer an extensive library of 50+ pre-built custom business AI use cases, including those validated by SAP, leveraging Mistral AI models. These are categorized by a specific industry and process-driven approach. The solutions are grounded in responsible and ethical AI by design, with built-in governance and alignment with regulations, enabling innovation while also ensuring data security. Example use cases include:

    • Aerospace and Defense: Augmented field workers that can efficiently resolve non-conformities in operations.
    • Energy and Utilities: Drone based inspection that enables predictive maintenance and generates actionable insights
    • Across industries: Intelligent indirect purchasing that helps to easily and quickly select the most convenient products from multiple suppliers.

    This collaboration offers dual benefits – it accelerates the deployment of custom generative AI solutions within SAP for all organizations and enables those organizations requiring secure environments for regulatory or privacy purposes to leverage generative AI solutions.

    “This new collaboration between Capgemini, Mistral AI and SAP unlocks new high-value business use cases for organizations seeking to augment their operations with generative AI capabilities,” said Marjorie Janiewicz, Mistral AI Executive Board member and Global Head of Revenue. “By combining our frontier, multilingual and highly customizable AI models with Capgemini’s expertise in delivering real world industry-specific generative AI solutions, and the assurance of SAP’s robust technology platform, we are making the effective integration of AI more accessible for all organizations, including those in highly regulated industries.”

    “Enterprises are increasingly turning to generative AI to enhance their resilience, streamline operations and accelerate time to value. As a trusted business and technology transformation partner to our clients, Capgemini is committed to helping them evolve their critical business processes through the secure and tailored application of AI,” said Fernando Alvarez, Chief Strategy and Development Officer and Group Executive Board member at Capgemini. “Together with Mistral AI and SAP, we can empower organizations to access a broad range of innovative and customized AI models, to drive significant business value and foster sustainable growth.”

    “The collaboration is a powerful example of how we are enabling enterprises to leverage the power of generative AI to address their most critical business challenges,” said Thomas Saueressig, Member of the Executive Board of SAP SE, Customer Services & Delivery. “With SAP Business Technology Platform as a secure and scalable foundation, we’re enabling organizations, especially those in regulated industries, to adopt AI with confidence, trust, and speed in a way that delivers real business value.”

    Capgemini has worked closely with SAP on further expanding its dedicated Global SAP Center of Excellence to help organizations address their critical business challenges using gen AI. For example, the partners have worked with Brose, a leading automotive supplier, to deliver an AI-powered assistant for suppliers – SupplierGPT. This centralized digital platform helped enhance collaboration across Brose’s global supplier network, leading to increased efficiency in supplier onboarding and more consistent process execution.

    Michael Seifert, Business Product Owner Brose Supplier Portal, Brose Fahrzeugteile SE & Co. KG said, “Together with Capgemini, we were able to implement SupplierGPT, from idea to reality within a few weeks. This solution enables the seamless integration of new innovations and supports rapid go-to-market, thanks to the AI services in SAP BTP. This co-innovation model combines the expertise of Capgemini, Brose and SAP to allow joint pilots to be designed, implemented, and tested quickly.”

    Award-winning AI solutions
    Capgemini recently won the 2025 SAP Pinnacle Award for Business AI Innovation in the Customer AI use case category, further demonstrating its leadership in delivering compelling AI-powered solutions with SAP. This award is part of SAP’s global partner recognition program, which highlights its partners worldwide who demonstrate exceptional performance and innovation.

    About Capgemini
    Capgemini is a global business and technology transformation partner, helping organizations to accelerate their dual transition to a digital and sustainable world, while creating tangible impact for enterprises and society. It is a responsible and diverse group of 340,000 team members in more than 50 countries. With its strong over 55-year heritage, Capgemini is trusted by its clients to unlock the value of technology to address the entire breadth of their business needs. It delivers end-to-end services and solutions leveraging strengths from strategy and design to engineering, all fueled by its market leading capabilities in AI, generative AI, cloud and data, combined with its deep industry expertise and partner ecosystem. The Group reported 2024 global revenues of €22.1 billion.
    Get The Future You Want | www.capgemini.com

    SAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE in Germany and other countries. Please see https://www.sap.com/copyright for additional trademark information and notices. All other product and service names mentioned are the trademarks of their respective companies.   

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