NewzIntel.com

Category: United States of America

  • MIL-OSI USA: Secretary Noem Commends President Trump and One Big Beautiful Bill Signing into Law: Historic Win for the American People and the Rule of Law

    Source: US Federal Emergency Management Agency

    Headline: Secretary Noem Commends President Trump and One Big Beautiful Bill Signing into Law: Historic Win for the American People and the Rule of Law

    lass=”text-align-center”>This historic legislation will help deliver on President’s Trump’s mandate to arrest and deport criminal illegal aliens
    WASHINGTON – Department of Homeland Security (DHS) Secretary Kristi Noem today released the following statement on President Donald J

    Trump’s historic signing of the One Big Beautiful Bill (BBB) Act into law

    The BBB secures a historic $165 billion in appropriations for DHS, which will help deliver on the President’s mandate to arrest and deport criminal illegal aliens and make America safe again

      
    “President Trump’s signing the One Big Beautiful Bill is a win for law and order and the safety and security of the American people,” said Secretary Kristi Noem

    “This $165 billion in funding will help the Department of Homeland Security and our brave law enforcement further deliver on President Trump’s mandate to arrest and deport criminal illegal aliens and MAKE AMERICA SAFE AGAIN!”  
    In June, Secretary Noem laid out the national security wins that the BBB secures for the American people

    The highlights include:  

    $46

    5 billion to complete construction of the border wall

    $14

    4 billion for removal transportation

    $12 billion in state reimbursements for states that fought against the Biden administration’s open border

    $4

    1 billion to hire additional CBP personnel, including 3,000 more customs officers and 3,000 new Border Patrol agents

    $3

    2 billion for new technology and $2

    7 billion for new cutting-edge border surveillance

    $855 million to expand Customs and Border Protection’s vehicle fleet

    The law will also provide ICE with the funding to hire 10,000 new agents, which would allow the rate of deportations to reach as high as 1 million per year

    ICE currently has 20,000 law enforcement and support personnel across 400 offices

    The BBB provides ICE with enough detention capacity to maintain an average daily population of 100,000 illegal aliens and secures 80,000 new ICE beds

    The Big Beautiful Bill will also fully fund ICE’s 287(g) program, which empowers state and local law enforcement to assist federal immigration officers

    Under the law, ICE and Border Patrol agents will also receive a $10,000 bonus for the next four years

    The BBB also bolsters the U

    S

    Coast Guard (USCG) with the following:  

    $14

    1 billion for USCG cutters

    $3

    7 billion for USCG aircraft

    $6 billion for USCG infrastructure

    ###

    MIL OSI USA News –

  • MIL-OSI USA: United States Secret Service Celebrates 160th Birthday

    Source: US Federal Emergency Management Agency

    Headline: United States Secret Service Celebrates 160th Birthday

    From combatting counterfeit currency to protecting the President and our nation’s leaders, the US
    Secret Service marks 160 years of service to our nation
    WASHINGTON — Today, the Department of Homeland Security honors the 160th anniversary since the founding of the United States Secret Service
    One of our nation’s oldest and most recognized federal law enforcement agencies, the Secret Service was founded on July 5, 1865, to combat rampant counterfeiting that threatened the integrity of America’s economy at a time when nearly half of all US currency in circulation was fake

    The agency’s earliest mission was simple: defend the dollar and restore trust in our financial system
    Since then, that mission has expanded, and with it, the agency’s reach, resilience, and reputation
    Today, the Secret Service protects not only our currency, but our Commander-in-Chief, senior national leaders, foreign dignitaries, and major national events
    160 years later, the badge still means what it always has: duty, loyalty, and courage

    After being empowered by President Trump and Secretary Noem to end discriminatory DEI programs and hiring practices, the Secret Service has achieved record breaking recruitment
    The agency has received over 22,000 applications, a 200% increase from the same period in 2024, when it received only 7,000 applications
    These officers are charged with a no-fail mission, and that mission demands only the best of the best

    “When others step back, the United States Secret Service steps forward -shielding America from unseen threats with sharp eyes and steadfast courage
    Thank you to the US Secret Service for 160 years of service to our nation!” said Secretary Noem

    WATCH

    MIL OSI USA News –

  • MIL-OSI USA: 8 Barbaric Criminal Illegal Aliens Finally Deported to South Sudan After Weeks of Delays by Activist Judges

    Source: US Federal Emergency Management Agency

    Headline: 8 Barbaric Criminal Illegal Aliens Finally Deported to South Sudan After Weeks of Delays by Activist Judges

    “These sickos were finally deported to South Sudan on Independence Day,” said Assistant Secretary Tricia McLaughlin
    “After weeks of delays by activist judges that put our law enforcement in danger, ICE deported these 8 barbaric criminal illegal aliens who are so heinous even their own countries will not accept them
    This was a win for the rule of law, safety and security of the American people
    We thank our brave ICE law enforcement for their sacrifice to defend our freedoms
    We will continue to fight for the freedoms of Americans while these far-left activists continue to try and force us to bring murderers, pedophiles, and rapists back to the US

    Below are the individuals ICE removed from American communities to South Sudan
    Enrique Arias-Hierro, a Cuban illegal alien, was arrested by ICE on May 2, 2025
    His criminal history includes convictions for homicide, armed robbery, false impersonation of official, kidnapping, and robbery strong arm
    Image

    On April 30, 2025, ICE arrested Cuban illegal alien Jose Manuel Rodriguez-Quinones
    He has been convicted of attempted first-degree murder with a weapon, battery and larceny, and cocaine possession and trafficking

    Image

    Thongxay Nilakout, a citizen of Laos, was arrested by ICE on January 26, 2025
    Nilakout has been convicted of first-degree murder and robbery; sentenced to life confinement
    Image

    On May 12, 2025, ICE arrested Mexican national, Jesus Munoz-Gutierrez
    He has been convicted of second-degree murder; sentenced to life confinement

    Image

    Dian Peter Domach, an illegal alien from South Sudan, was arrested by ICE on May 8, 2024
    Domach has been convicted of robbery and possession of a firearm, possession of defaced firearm, possession of burglar’s tools, and driving under the influence

    Image

    Kyaw Mya, an illegal alien from Burma, was arrested by ICE on February 18, 2025
    Mya has been convicted of lascivious acts with a child-victim less than 12 years of age; sentenced to 10 years confinement, paroled after 4 years
    Image

    Nyo Myint, an illegal alien from Burma, was arrested by ICE on February 19, 2025
    Myint has been convicted of first-degree sexual assault involving a victim mentally and physically incapable of resisting; sentenced to 12 years confinement
    Myint has also charged with aggravated assault-nonfamily strongarm

    Image

    On May 3, 2025, ICE arrested Tuan Thanh Phan, a Vietnamese illegal alien
    Phan has been convicted of first-degree murder and second-degree assault; sentenced to 22 years confinement

    Image

    # # #

    MIL OSI USA News –

  • MIL-OSI USA: State Land Surveyors Help Lahaina Community

    Source: US State of Hawaii

    State Land Surveyors Help Lahaina Community

    Posted on Jul 5, 2025 in Main

    Survey Says: Determining Shoreline Boundary Can be Critical for Community Rebuilding

    HONOLULU – The Hawaiʻi Department of Accounting and General Services (DAGS) Land Survey Division is privileged to be a small part of helping the Lahaina community find normalcy, as residents and businesses rebuild after the tragic fires of 2023.

    Six surveyors work in the Land Survey Division. Their job is to officially notate where the boundaries are on a parcel of land. For oceanfront parcels, they determine where the state shoreline ends and where private land begins. Their measurements also help legally specify what the shoreline setback is for a structure, like a house or a condominium.

    This is all information a property owner needs when applying for a county permit to rebuild their house. The quicker the shoreline can be certified, the quicker the permits can be processed.

    The Hawaiʻi Department of Land and Natural Resources (DLNR) is responsible for certifying the shoreline with the assistance of DAGS Land Survey Division.

    DAGS land surveyors’ work in Lahaina usually involves oceanfront lots, because that’s where private land meets state land. Dozens of those seaside lots were destroyed in the wildfire, including many of the survey stakes or property corner markers that indicate the legal borders of a plot of land. Property corner markers can be natural identifying structures, some of which could be burned in a fire.

    The Land Survey Division also has 154 years’ worth of government survey records, since the division was established in 1871. It is able to furnish historical records as needed to aid in Lahaina’s recovery management and disaster planning.

    “We are honored to play a small part in helping Lahaina residents and business owners rebuild. Our hearts go out to this community that has suffered so much. Certifying property boundaries seems like such an ordinary task, but knowing that it helps a homeowner get their long-awaited building permit makes it so worthwhile and fulfilling for our department in doing our jobs,” said DAGS Director and Comptroller Keith Regan.

    “DAGS conducts about 20 land surveys a year on Maui,” added division administrator Reid Siarot. “Since the 2023 wildfires, demand for surveyors in Lahaina has significantly increased. We’ve stepped up our travel to the Valley Isle to meet demand.”

    DAGS surveyors are scheduling earlier site visits to affected properties, accelerating application reviews and prioritizing certification recommendations. Further, they have been notifying Maui County before they conduct site inspections to reduce lag time between agency actions.

    MIL OSI USA News –

  • MIL-OSI Europe: Resignations and Appointments

    Source: The Holy See

    Resignation and Appointment of bishop of Alotau-Sideia, Papua New Guinea
    Appointment of bishop of Wabag, Papua New Guinea
    Appointment of bishop of Groningen-Leeuwarden, Netherlands
     
    Resignation and Appointment of bishop of Alotau-Sideia, Papua New Guinea
    The Holy Father has accepted the resignation from the pastoral care of the diocese of Alotau-Sideia, Papua New Guinea, presented by Bishop Rolando Crisostomo Santos, C.M.
    The Holy Father has appointed the Reverend Fr. Jacek Piotr Tendej, C.M., until now rector of Holy Spirit , Bomana, Port Moresby, as bishop of Alotau-Sideia, Papua New Guinea.
    Curriculum vitae
    Msgr. Jacek Piotr Tendej, C.M., was born on 26 June 1963 in Handzlówka, Łańcut, Poland. After giving his perpetual vows in the Congregation of the Mission (Vincentians), he was awarded a master’s degree in moral theology from the Pontifical Academy of Theology of Krakow, a licentiate in science of education from the Salesian Pontifical University of Rome, and a doctorate in pedagogy from the Akademia Pedagogiczma im. Kaomisji Edukacji Narodowej of Krakow.
    He was ordained a priest on 25 May 1991.
    He has held the following offices: teacher in elementary schools in Zakopane, Poland (1991-1995), high school teacher in Krakow, Poland (1995-1997), teacher and chaplain in St. Stanislaus Kostka , Brooklyn, New York, United States of America (2000), youth educator at the Fr. Siemaszko Foundation , Krakow (2001-2002), lecturer in science of education at the Theological Institute of the Pontifical John Paul II University of Krakow (2001-2003).
    Since 2014, he has held the role of rector of the Holy Spirit Seminary in Bomana, Port Moresby.
     
    Appointment of bishop of Wabag, Papua New Guinea
    The Holy Father has appointed Bishop Justin Ain Soongie, until now auxiliary bishop and diocesan administrator of Wabag, Papua New Guinea, as bishop of the same see, at the same time liberating him from the titular see of Forma.
    Curriculum vitae
    Bishop Justin Ain Soongie was born on 2 June 1973 in Tsikiro, Papua New Guinea. He carried out his postulate and novitiate with the Brothers of Charity, continuing his formation ad presbiteratum at the Good Shepherd Seminary Fatima in Banz, and at the Catholic Theological Institute in Bomana. He obtained a licentiate in moral theology from the Pontifical Urbaniana University of Rome.
    He was ordained a priest on 11 May 2005.
    He has held the following offices: deputy parish priest in Tsikiro (2005) and in Mang and Mariant (2005-2006), parish priest in Mang (2006-2011), vicar general of the diocese ofWabag (2014-2021), lecturer at the Seminary of Banz in the archdicoese of Mount Hagen (2014-2021), and parish priest in Sari (2014-2021).
    On 15 June 2021 he was appointed auxiliary bishop of Wabag, receiving the titular see of Forma; on the following 2 September he received episcopal consecration.
    Since 2025 he has been diocesan administrator of Wabag.
     
    Appointment of bishop of Groningen-Leeuwarden, Netherlands
    The Holy Father has appointed the Reverend Ronald Gerhardus Wilhelmus Cornelissen, of the clergy of the metropolitan archdiocese of Utrecht, until now episcopal vicar, as bishop of Groningen-Leeuwarden, Netherlands.
    Curriculum vitae
    Msgr. Ronald Gerhardus Wilhelmus Cornelissen was born on 12 December 1964 in Gaanderen, in the metropolitan archdiocese of Utrecht. He studied theology at the Ariënskonvikt of Utrecht.
    He was ordained a priest on 19 October 1996 for the metropolitan archdiocese of Utrecht. He has carried out his pastoral ministry in various parishes in Deventer, Raalte and Rijssen. Since 2009 he has been episcopal vicar for Deventer.

    MIL OSI Europe News –

  • MIL-OSI China: Xi replies to U.S. youth pickleball cultural exchange delegation over China visit 2025-07-06 20:08:24 Chinese President Xi Jinping has recently replied to teachers and students of the U.S. youth pickleball cultural exchange delegation from Montgomery County, Maryland, who have visited China under the initiative of inviting 50,000 young Americans to China for exchange and study programs in a five-year span.

    Source: People’s Republic of China – Ministry of National Defense

      BEIJING, July 6 (Xinhua) — Chinese President Xi Jinping has recently replied to teachers and students of the U.S. youth pickleball cultural exchange delegation from Montgomery County, Maryland, who have visited China under the initiative of inviting 50,000 young Americans to China for exchange and study programs in a five-year span.

      Xi congratulated the delegation on its successful visit to China, saying he was pleased to see that pickleball has become a new bond for youth exchanges between China and the United States.

      The future of China-U.S. relations depends on the youth, said Xi, expressing the hope that the delegation members will become a new generation of ambassadors for friendship between the two countries and make greater contributions to enhancing the friendship between the two peoples.

      Earlier, the teachers and students of the delegation sent a letter to Xi, expressing their gratitude for the “50,000 in Five Years” initiative he put forward.

      They shared their experience of visiting China and engaging in pickleball exchange activities in April, saying that they forged unforgettable friendships with Chinese youths during the trip.

      They expressed their hope to invite Chinese young people to visit the United States. 

    loading…

    MIL OSI China News –

  • MIL-OSI Asia-Pac: Invest Hong Kong surpasses Policy Address performance indicators, attracts over HK$160 billion in foreign direct investment (with photo)

    Source: Hong Kong Government special administrative region – 4

    Invest Hong Kong (InvestHK) today (July 7) announced that it had assisted over 1 300 overseas and Mainland companies to set up or expand their business in Hong Kong from January 2023 to the first six months of 2025, bringing in foreign direct investment of more than HK$160 billion and creating over 19 000 jobs within the first year of operation or expansion, contributing to the local job market and reaffirming Hong Kong’s position as a leading business hub in Asia.

    These results demonstrate that InvestHK has achieved ahead of schedule its performance indicators as set out in the 2022 Policy Address. Details are as follows:
     

      KPIs
    (From 2023 to 2025)    		 InvestHK’s results
    (From January 2023 to the first half of 2025)
    No. of companies at least 1 130 companies 1 301 companies
    Direct investment at least HK$77 billion HK$168.4 billion
    Job opportunities at least 15 250 jobs 19,136 jobs

    The top five locations of origin among the companies assisted span markets in North America, Europe and Asia:
     

    Location of origin Number
    The Mainland 630
    Other countries 671
        – United States 113
        – United Kingdom 89
        – Singapore 68
        – Canada 38

    Among the companies assisted, the top five sectors were as follows:
     

    Sectors Number (percentage in total)
    Financial services and fintech 283 (22 per cent)
    Innovation and technology 275 (21 per cent)
    Family offices 179 (14 per cent)
    Tourism and hospitality 148 (11 per cent)
    Business and professional services 129 (10 per cent)

    In addition, under the New Capital Investment Entrant Scheme (New CIES), InvestHK is responsible for its financial requirements assessment, while the Immigration Department is responsible for assessing applications for visa/entry permits, extensions of stay and unconditional stays pursuant to the Scheme. Since its launch in March 2024, the key numbers of New CIES as of June 2025 are as follows:
     

    Number of applications 1 548
    Number of approvals-in-principle granted (i.e. granting of 180-day visitor visas for making investments) 1 188
    Number of applications verified to have fulfilled the investment requirements 712
    Number of formal approvals granted 673
    Verified investment amount Over HK$ 21 billion
    Expected investment amount to be brought into Hong Kong Over HK$ 46 billion

    The Director-General of Investment Promotion at InvestHK, Ms Alpha Lau, said that amid the challenges from external factors such as the geopolitical situation, this will bring both risks and opportunities to Hong Kong. InvestHK will further build on this strong momentum to deepen mutual engagements between Hong Kong, the Mainland and overseas markets. The department will continue to strengthen ties with traditional markets such as Europe, North America and North Asia while actively exploring emerging markets.

    Ms Lau said, “Our investment promotion efforts span various industries, aligning with policy directives and closely adhering to the key measures outlined in the Policy Addresses in recent years, such as the low-altitude economy, liquor trade, and the development of the Northern Metropolis. We also assist Mainland companies to go global via Hong Kong and further promote Hong Kong’s advantages as a regional trade and high-end logistics hub. We will continue to leverage Hong Kong’s role as a two-way springboard for Mainland and overseas companies to connect between our country and the rest of the world under the ‘one country, two systems’ principle.”

    She continued, “Looking ahead, we will focus on four strategic sectors, namely financial services and fintech, innovation and technology, supply chain management and logistics, as well as sustainable development and the green economy. We are also committed to leveraging Hong Kong’s ‘perceptible and experiential’ soft power to promote cultural ties, showcasing the city’s charm to the world in order to attract foreign investment. This will lead to drive the development of relevant industries and assist enterprises in capital matching through Hong Kong’s stable capital market. We will actively promote Hong Kong as a two-way platform for both attracting investments into the city and helping businesses going global.”

    She added, “This year marks InvestHK’s 25th anniversary. Over the past quarter century, we have assisted over 7 700 overseas and Mainland companies from around the world to set up or expand their business in Hong Kong. These companies span a wide range of sectors, including finance, innovation and technology, professional services, and sustainable development, creating over 95 000 jobs and bringing in direct investment of more than HK$440 billion. Hong Kong has always been one of the preferred destinations for global capital. These choices made by investors from around the globe are the strongest vote of confidence in investing in Hong Kong.”

    MIL OSI Asia Pacific News –

  • MIL-OSI Europe: The Pope’s words at the Angelus prayer

    Source: The Holy See

    At midday today, fourteenth Sunday of Ordinary Time, the Holy Father Leo XIV appeared at the window of his study in the Vatican Apostolic Palace to pray the Angelus with the faithful and pilgrims gathered in Saint Peter’s Square.
    The following are the Pope’s words of introduction to the Marian prayer:

    Dear brothers and sisters, happy Sunday!
    Today’s Gospel (Lk 10:1-12, 17-20) reminds us of the importance of the mission to which we are all called, each according to our own vocation and in the particular situations in which the Lord has placed us.
    Jesus sends out seventy-two disciples (v. 1). This symbolic number indicates that the hope of the Gospel is meant for all peoples, for such is the breadth of God’s heart and the abundance of his harvest. Indeed, God continues to work in the world so that all his children may experience his love and be saved.
    At the same time, Jesus says, “The harvest is plentiful, but the laborers are few; therefore ask the Lord of the harvest to send out laborers into his harvest” (v. 2).
    On the one hand, God, like a sower, has generously gone out into the world, throughout history, and sowed in people’s hearts a desire for the infinite, for a fulfilled life and for salvation that sets us free. The harvest, then, is plentiful. The Kingdom of God grows like a seed in the ground, and the women and men of today, even when seemingly overwhelmed by so many other things, still yearn for a greater truth; they search for a fuller meaning for their lives, desire justice, and carry within themselves a longing for eternal life.
    On the other hand, however, there are few laborers to go out into the field sown by the Lord; few who are able to distinguish, with the eyes of Jesus, the good grain that is ripe for harvesting (cf. Jn 4:35-38). The Lord wishes to do something great in our lives and in the history of humanity, yet there are few who perceive this, pause to receive the gift and then proclaim and share it with others.
    Dear brothers and sisters, the Church and the world do not need people who fulfill their religious duties as if the faith were merely an external label. We need laborers who are eager to work in the mission field, loving disciples who bear witness to the Kingdom of God in all places. Perhaps there is no shortage of “intermittent Christians” who occasionally act upon some religious feeling or participate in sporadic events. But there are few who are ready, on a daily basis, to labor in God’s harvest, cultivating the seed of the Gospel in their own hearts in order then to share it in their families, places of work or study, their social contexts and with those in need.
    To do this, we do not need too many theoretical ideas about pastoral plans. Instead, we need to pray to the Lord of the harvest. Priority must be given, then, to our relationship with the Lord and to cultivating our dialogue with him. In this way, he will make us his laborers and send us into the field of the world to bear witness to his Kingdom.
    Let us ask the Blessed Virgin Mary, who generously gave her “yes” to participating in the work of salvation, to intercede for us and accompany us on the path of following the Lord, so that we too may become joyful laborers in God’s Kingdom.
    ___________________
    After the Angelus
    Dear brothers and sisters,
    With affection I greet all of you, faithful of Rome and pilgrims from Italy and from various countries. In the great heat of this time of year, your journey to pass through the Holy Doors is even more courageous and admirable!
    In particular, I greet the Franciscan Missionary Sisters of the Sacred Heart; the pupils and parents of Strzyzow School and the faithful from Legnica in Poland; and the Greek Catholic group from Ukraine.
    I also greet the pilgrims from Romano di Lombardia, Melia (Reggio Calabria), Sassari, and the Latin American community from the Archdiocese of Florence.
    Greetings to the English speaking pilgrims. I would like to express sincere condolences to all the families who have lost loved ones, in particular their daughters, who were at the summer camp, in the disaster caused by flooding of the Guadalupe river in Texas in the United States. We pray for them.
    Dearest friends, peace is a desire of all peoples, and it is the sorrowful cry of those torn apart by war. Let us ask the Lord to touch the hearts and inspire the minds of those who govern, that the violence of weapons be replaced by the pursuit of dialogue.
    This afternoon, I will travel to Castel Gandolfo, where I intend to have a short period of rest. I hope that everyone will be able to enjoy some vacation time in order to restore both body and spirit.
    I wish all of you a happy Sunday!

    MIL OSI Europe News –

  • MIL-OSI Africa: United States (U.S.) Consulate Launches 29th American Space in Nigeria, Deepens People-to-People Ties

    Source: APO


    .

    On Thursday, Acting U.S. Consul General JoEllen Gorg joined Ogun State Governor Dapo Abiodun to officially open the Ogun Tech Hub Window on America, the 29th American Space in Nigeria. This new center—the second in Abeokuta—was established through a partnership between the U.S. Consulate General, Ogun State Government, and GFA Technologies, a leading tech company that supports innovative startups.

    The Ogun Tech Hub Window on America offers a vibrant, American-themed environment where young Nigerians can explore ideas, build leadership capacity, and sharpen their entrepreneurial and tech skills through interactive programs and workshops. The center also provides access to high-speed internet, computers, and a wide range of digital resources to support learning, research, and professional development. Visitors can also receive guidance on studying in the United States through various educational advising programs.

    Delivering remarks at the ribbon cutting ceremony attended by alumni of U.S. government exchange programs, Ogun State government officials, and members of the local academic, business, and artistic community, Acting Consul General Gorg explained that the Window on America is designed to expand the already strong bonds of friendship and deepen educational and cultural ties between the United States and Nigeria.

    “We are delighted to partner with the Ogun State Government and GFA Technologies to open the Ogun Tech Hub Window on America in Abeokuta,” Acting Consul General Gorg said. “This Window on America is a collaborative and technology-driven center dedicated to education, innovation, and partnership benefitting all residents of Ogun State and beyond.”

    Ogun State Governor Dapo Abiodun described the Ogun Tech Hub Window on America as a center for knowledge exchange, skills development, and peer-to-peer collaboration between young people in Ogun State and their counterparts in the United States. He underscored the importance of digital skills training offered at the Ogun Tech Hub Window on America in driving sustainable economic growth, generating employment, and enhancing the quality of life of citizens.

    “This is the opening of a window to endless possibilities. I urge Ogun State residents to take full ownership of groundbreaking initiatives like the Ogun Tech Hub Window on America. It is not just a room—it is a realized vision, a democratized platform for global learning, connection, and opportunity,” Governor Abiodun added.

    Co-Founder/Chief Executive Officer of GFA Technologies, Debo Omololu, lauded the U.S. government for the partnership that culminated in the opening of the Ogun Tech Hub Window on America. He expressed optimism that young people in Ogun State and its environs would benefit immensely from the resources and programs available at the center. “The Ogun Tech Hub is proud to join the global network of American Spaces. One of the core themes of our programming is to provide technological learning opportunities that drive digital transformation,” Omololu added.

    Programs offered at the Window on America will showcase the depth and breadth of American culture, values, ideals, and perspectives on a variety of themes from employability workshops to digital skills, AI, robotics, drone technology and other STEM learning opportunities. Visitors to the Ogun Tech Hub Window on America will include students, teachers, entrepreneurs, academics, journalists, civic organizations, government officials, and community leaders, among many others.

    In addition, the new center will offer access to academic and research resources via eLibraryUSA, a digital library with millions of publications, scholarly journals, eBooks, audio, video, and other multi-media content. Like all American Spaces around the world, programs and resources, including high speed internet access, offered at the Window on America are free of charge and open to everyone in the community.

    There are more than 700 American Spaces in 140 countries around the world hosted by universities, libraries, tech hubs, as well as U.S. embassies and consulates. The network of American Spaces in Nigeria organizes over 4,400 programs annually that reach 100,000 Nigerians. Nigeria has more American Spaces than any other African country, with 29 locations across 24 cities. Addresses of American Spaces in Nigeria can be found here.

    Distributed by APO Group on behalf of U.S. Embassy and Consulate in Nigeria.

    MIL OSI Africa –

  • MIL-Evening Report: View from The Hill: Albanese’s Curtin speech becomes latest political football in debate over US relationship

    Source: The Conversation (Au and NZ) – By Michelle Grattan, Professorial Fellow, University of Canberra

    Anthony Albanese seems to find himself on eggshells whenever the Australian-American relationship comes up.

    After the G7 debacle, he’s persistently pursued – to his obvious irritation – by journalists asking when he’ll have his first face-to-face meeting with Donald Trump. It’s a question he has so far been unable to answer, as he prepares for his fourth meeting with Chinese leader Xi Jinping.

    There is no Washington meeting lined up, so Albanese just talks about the various occasions when their paths are due to cross. The next time is the Quad in India later this year (there is no fixed date).

    Trump’s deadline for deals on his tariffs has now been moved from this week to August 1. Despite the months of negotiation, the government (as of now) is not expecting to receive a concession on the hefty 50% steel and aluminium tariffs, nor on the general 10% tariff. That will invite a fresh round of criticism that the government has not been able to leverage Australia’s advantages on critical minerals with the Trump administration.

    And now the PM has stirred controversy with his John Curtin Oration, delivered on Saturday night.

    Curtin is at the top of Labor’s pantheon of heroes, and generally regarded as one of Australia’s greatest prime ministers, by many as the greatest. Labor PMs regularly pay homage. (Bob Hawke and Paul Keating once had a spectacular falling out after Hawke considered Keating had slighted Curtin’s memory.)

    In the second world war Curtin famously stood up to United Kingdom Prime Minister Winston Churchill to insist Australian troops be returned home, rather than diverted to Burma as Churchill wanted. And in those dark wartime days, Curtin dramatically “looked to America” for Australia’s security.

    In delivering Saturday’s oration, Albanese painted the Curtin course as an example of Labor forging an independent foreign policy, and identified with it.

    He said Curtin was the “founder” of the Australia-US alliance (contested by those who date the alliance from the Menzies years, when ANZUS was signed).

    Albanese said “Curtin’s famous statement that Australia ‘looked to America’ was much more than the idea of trading one strategic guarantor for another”.

    “It was a recognition that Australia’s fate would be decided in our region.

    “It followed the decision Curtin had made in 1941 that Australia would issue its own declaration of war with Japan.

    “Speaking for ourselves, as a sovereign nation.”

    “We needed an Australian foreign policy anchored in strategic reality, not bound by tradition.”

    “So we remember Curtin not just because he looked to America. We honour him because he spoke for Australia.

    “For Australia and for Labor, that independence has never meant isolationism, Choosing our own way, doesn’t mean going it alone,” Albanese said.

    Curtin’s biographer John Edwards, writing in the Lowy Institute’s The Interpreter, says Albanese’s oration “adroitly positions Australia for a testing time on foreign policy.

    “Albanese’s speech affirms that in the competition between the United States and China, Australia will act in its own interests.”

    Edwards puts the December 1941 appeal to the US against a particular background. The context of the article was a meeting then taking place in Washington between Churchill and US President Roosevelt, he writes.

    Churchill was anxious the US not be distracted from the European conflict by the Pacific war. “Curtin’s article was a demand for Australia – not the United Kingdom – to be America’s principal partner in the war against Japan,” Edwards writes.

    Others, notably the Australian’s foreign editor Greg Sheridan, have accused Albanese of misrepresenting the history.

    But apart from details of the historical argument, the timing, emphasis and context of Albanese’s remarks are what’s relevant.

    Sheridan writes, “Who on earth is Albanese messaging in this speech? Because it implies greater Australian strategic distance from the US, it will be welcomed in Beijing.”

    Former ambassador to the United States Arthur Sinodinos (a Liberal government appointee but usually objective in his observations) said the speech made clear the bipartisan support for the alliance.

    But “given the context of Australia-US relations at present, the speech will need careful explanation to our American friends to avoid a misconception that was hyped that the speech would be a declaration of independence from the US,” Sinodinos said.

    An interpretive job that will presumably fall, in part, to ambassador Kevin Rudd.

    If the oration will require “careful explanation”, how much more carefully will the prime minister have to be in what he says in China next week and the messages he sends indirectly to Washington?

    It all serves to reinforce the importance of Albanese meeting the president as soon as feasible. The more time elapses, the more the fog needs to be cleared from the relationship.

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

    – ref. View from The Hill: Albanese’s Curtin speech becomes latest political football in debate over US relationship – https://theconversation.com/view-from-the-hill-albaneses-curtin-speech-becomes-latest-political-football-in-debate-over-us-relationship-259684

    MIL OSI Analysis – EveningReport.nz –

  • MIL-Evening Report: View from The Hill: Albanese’s Curtin speech becomes latest political football in debate over US relationship

    Source: The Conversation (Au and NZ) – By Michelle Grattan, Professorial Fellow, University of Canberra

    Anthony Albanese seems to find himself on eggshells whenever the Australian-American relationship comes up.

    After the G7 debacle, he’s persistently pursued – to his obvious irritation – by journalists asking when he’ll have his first face-to-face meeting with Donald Trump. It’s a question he has so far been unable to answer, as he prepares for his fourth meeting with Chinese leader Xi Jinping.

    There is no Washington meeting lined up, so Albanese just talks about the various occasions when their paths are due to cross. The next time is the Quad in India later this year (there is no fixed date).

    Trump’s deadline for deals on his tariffs has now been moved from this week to August 1. Despite the months of negotiation, the government (as of now) is not expecting to receive a concession on the hefty 50% steel and aluminium tariffs, nor on the general 10% tariff. That will invite a fresh round of criticism that the government has not been able to leverage Australia’s advantages on critical minerals with the Trump administration.

    And now the PM has stirred controversy with his John Curtin Oration, delivered on Saturday night.

    Curtin is at the top of Labor’s pantheon of heroes, and generally regarded as one of Australia’s greatest prime ministers, by many as the greatest. Labor PMs regularly pay homage. (Bob Hawke and Paul Keating once had a spectacular falling out after Hawke considered Keating had slighted Curtin’s memory.)

    In the second world war Curtin famously stood up to United Kingdom Prime Minister Winston Churchill to insist Australian troops be returned home, rather than diverted to Burma as Churchill wanted. And in those dark wartime days, Curtin dramatically “looked to America” for Australia’s security.

    In delivering Saturday’s oration, Albanese painted the Curtin course as an example of Labor forging an independent foreign policy, and identified with it.

    He said Curtin was the “founder” of the Australia-US alliance (contested by those who date the alliance from the Menzies years, when ANZUS was signed).

    Albanese said “Curtin’s famous statement that Australia ‘looked to America’ was much more than the idea of trading one strategic guarantor for another”.

    “It was a recognition that Australia’s fate would be decided in our region.

    “It followed the decision Curtin had made in 1941 that Australia would issue its own declaration of war with Japan.

    “Speaking for ourselves, as a sovereign nation.”

    “We needed an Australian foreign policy anchored in strategic reality, not bound by tradition.”

    “So we remember Curtin not just because he looked to America. We honour him because he spoke for Australia.

    “For Australia and for Labor, that independence has never meant isolationism, Choosing our own way, doesn’t mean going it alone,” Albanese said.

    Curtin’s biographer John Edwards, writing in the Lowy Institute’s The Interpreter, says Albanese’s oration “adroitly positions Australia for a testing time on foreign policy.

    “Albanese’s speech affirms that in the competition between the United States and China, Australia will act in its own interests.”

    Edwards puts the December 1941 appeal to the US against a particular background. The context of the article was a meeting then taking place in Washington between Churchill and US President Roosevelt, he writes.

    Churchill was anxious the US not be distracted from the European conflict by the Pacific war. “Curtin’s article was a demand for Australia – not the United Kingdom – to be America’s principal partner in the war against Japan,” Edwards writes.

    Others, notably the Australian’s foreign editor Greg Sheridan, have accused Albanese of misrepresenting the history.

    But apart from details of the historical argument, the timing, emphasis and context of Albanese’s remarks are what’s relevant.

    Sheridan writes, “Who on earth is Albanese messaging in this speech? Because it implies greater Australian strategic distance from the US, it will be welcomed in Beijing.”

    Former ambassador to the United States Arthur Sinodinos (a Liberal government appointee but usually objective in his observations) said the speech made clear the bipartisan support for the alliance.

    But “given the context of Australia-US relations at present, the speech will need careful explanation to our American friends to avoid a misconception that was hyped that the speech would be a declaration of independence from the US,” Sinodinos said.

    An interpretive job that will presumably fall, in part, to ambassador Kevin Rudd.

    If the oration will require “careful explanation”, how much more carefully will the prime minister have to be in what he says in China next week and the messages he sends indirectly to Washington?

    It all serves to reinforce the importance of Albanese meeting the president as soon as feasible. The more time elapses, the more the fog needs to be cleared from the relationship.

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

    – ref. View from The Hill: Albanese’s Curtin speech becomes latest political football in debate over US relationship – https://theconversation.com/view-from-the-hill-albaneses-curtin-speech-becomes-latest-political-football-in-debate-over-us-relationship-259684

    MIL OSI Analysis – EveningReport.nz –

  • Mexico beat US 2-1 to win 10th Gold Cup title

    Source: Government of India

    Source: Government of India (4)

    Mexico defeated the United States 2-1 at NRG Stadium in Houston, Texas on Sunday to successfully defend their CONCACAF Gold Cup crown and capture their 10th title in a pulsating final that delivered drama from start to finish.

    The U.S. went ahead just four minutes in when Sebastian Berhalter’s free-kick found Chris Richards, whose powerful header struck the underside of the crossbar and cannoned straight down, with the referee confirming the goal was good.

    Mexico found the equalizer through Raul Jimenez in the 27th minute after the striker converted from close range.

    He then dedicated the goal to the late Diogo Jota, his former Wolverhampton Wanderers teammate, by holding up a Mexico shirt with the Portuguese forward’s name on it.

    “We came from behind and are leaving with the title,” Jimenez said. “It’s great and really important to clinch the crown a summer before the World Cup. It’s something we’ve been trying to do since the tournament began.”

    Despite Mexico’s first-half dominance they struggled to capitalise on numerous golden opportunities.

    Roberto Alvarado and 16-year-old Gilberto Mora both tested U.S. goalkeeper Matt Freese, with Mora’s venomous long-range effort requiring a crucial save from the American shot-stopper.

    The U.S. created chances through the slick combination play of Malik Tillman and Berhalter but could not breach Mexico’s resolute defence again.

    Alex Freeman came closest when his header struck Mexico goalkeeper Luis Malagon in the face and Diego Luna blazed the rebound over the crossbar.

    Mexico cranked up the pressure after the break and got the crucial second goal when Edson Alvarez powered home a header, though there was a nervous wait due to a VAR review for potential offside.

    However, the goal stood and the Mexican contingent erupted with wild celebrations.

    “I’m speechless. We spent 35 days in intense training, away from our families, with the intention of winning. There’s certainly room for improvement, but we’re leaving happy and with our feet firmly on the ground,” midfielder Alvarez said.

    “When they first disallowed the goal, it was crazy. It threw me off balance, but I was really happy to see that it was valid.”

    Patrick Agyemang had the chance to equalise in the dying minutes but his finish just missed the mark in a tense finale as Mexico held firm to secure their triumph.

    Mexico’s victory secures back-to-back Gold Cup triumphs and brings them a record-extending 10th crown. Mexico also won the CONCACAF Nations Championship, the Gold Cup’s predecessor, three times.

    (Reuters)

  • MIL-OSI China: US dominate Germany to claim FIBA U19 World Cup title

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

    The United States reclaimed the FIBA U19 Basketball World Cup crown in emphatic fashion on Sunday, overpowering Germany 109-76 in the championship game.

    The victory marks Team USA’s record-extending ninth title in the tournament’s history.

    Fueled by a dominant performance throughout the competition, Team USA capped a perfect 7-0 run, setting a new tournament record for points per game with an average of 114.6.

    USA’s AJ Dybantsa was named the Most Valuable Player of the tournament. He contributed 11 points, six rebounds and two assists in the final, averaging 14.3 points, 4.1 rebounds, 2.3 assists and 1.1 steals per game.

    Despite their overall dominance, the USA faced a significant test in the quarterfinals, narrowly overcoming Canada by just six points. They responded with a resounding 56-point semifinal win over New Zealand to reach the final.

    Germany, making its first-ever appearance in the U19 World Cup medal rounds and ultimately securing silver, started strong in the final with a 16-9 lead.

    The USA regrouped with a 15-7 run to seize the lead and entered halftime with a nine-point advantage. Any hopes of a German comeback were extinguished immediately after the break, as the Americans unleashed a 22-2 surge. Germany, the European U18 champions, could not recover from the deficit.

    Six American players scored in double figures, led by Morez Johnson with 15 points.

    In the bronze medal game, Slovenia defeated New Zealand 91-87 to secure third place.

    MIL OSI China News –

  • MIL-OSI Russia: Israel Strikes Yemeni Red Sea Ports

    Translation. Region: Russian Federal

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

    An important disclaimer is at the bottom of this article.

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

    SANAA/JERUSALEM, July 7 (Xinhua) — Israel launched a series of airstrikes on Yemen’s Red Sea ports in the western province of Hodeida late Sunday.

    The strikes came minutes after the Israeli military issued an urgent evacuation warning on the X social media platform. Witnesses reported explosions in several locations along Yemen’s west coast, including the port of Hodeida.

    Israeli Defense Minister Israel Katz said in a statement that the strikes targeted what he described as Houthi strongholds, including the ports of Hodeida, al-Salif and Ras Isa, the Ras Katib power plant and the Galaxy Leader ship, which was captured by Houthi forces in November 2023.

    He suggested that a wider escalation could follow. “Yemen will be treated the same way as Tehran,” he said. “The Houthis will continue to pay a high price for their actions.”

    Earlier on Sunday, a rocket fired by Houthi forces triggered air raid sirens in southern Israel and was intercepted without casualties, the Israeli army said. The Houthis said it was a hypersonic missile aimed at Ben Gurion Airport near Tel Aviv.

    Israel has carried out several strikes on key ports and infrastructure in Yemen in recent months, while the Houthis continue to fire rockets into Israel while declaring solidarity with the Palestinians in Gaza. –0–

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

    .

    MIL OSI Russia News –

  • MIL-OSI: Ellomay and Statkraft Sign Long-Term Power Purchase Agreements for Three Operating Italian Solar Plants

    Source: GlobeNewswire (MIL-OSI)

                             

    Tel-Aviv, Israel / Milan, Italy, July 07, 2025 (GLOBE NEWSWIRE) — Ellomay Capital Ltd. (NYSE American; TASE: ELLO) (“Ellomay” or the “Company”), a renewable energy and power generator and developer of renewable energy and power projects in Europe, USA and Israel, announced today that three Italian project companies in which the Company indirectly holds a 51% interest signed long-term (9-year) power purchase agreements (“PPAs”) with Statkraft, Europe’s largest generator of renewable energy. The PPAs cover 75% of the capacity (at P50) of three operating solar plants in Italy’s central-southern zone (CSUD), with a combined capacity of approximately 38 MW.

    Ran Fridrich, CEO and Board member of Ellomay, said: “This transaction reinforces Ellomay’s strategy of enhancing the value and stability of its renewable platform across key European markets. The collaboration with Statkraft—one of Europe’s most respected and experienced offtakers—strengthens the foundation of this deal. Together with Ellomay’s disciplined development strategy and high-performing asset base, these PPAs set a benchmark for quality-driven growth in utility-scale renewables. Ellomay aims to structure similar agreements for other projects, including its remaining Italian solar portfolio that currently consists of 160 MW under construction processes (51% owned), 124 MW that received construction permits and additional 140 MW that are expected to receive permits in the near future.”

    Maya Shaltiel, CEO of Maya International Strategic Alliances Ltd. (“MISA“), who led the negotiation and structuring of the transaction on behalf of Ellomay, said: “We are proud to have delivered bankable and resilient PPAs for Ellomay, in close collaboration with Statkraft. The PPAs support long-term stability for strong renewable assets in Italy and reflect a structure designed to thrive amid market complexity. In a period of high volatility and growing demand for green energy, we secured long-term certainty while preserving merchant upside — a structure that reflects strategic clarity and adaptability to evolving market conditions. We deeply appreciate Statkraft’s partnership and look forward to continuing to support energy transition efforts across Europe.”

    Gennaro D’Annucci, Head of Origination Italy at Statkraft, said: “We are pleased to collaborate with Ellomay on this important transaction, which underscores Statkraft’s role as a leading force in the European PPA market. This agreement further strengthens our substantial renewable energy portfolio in Italy and enables us to offer innovative and competitive green supply solutions tailored to the needs of Italian corporates and industrials. It reflects our enduring commitment to driving the energy transition forward and delivering value through clean energy.”

    About Ellomay Capital Ltd.

    Ellomay is an Israeli based company whose shares are registered with the NYSE American and with the Tel Aviv Stock Exchange under the trading symbol “ELLO”. Since 2009, Ellomay focuses its business in the renewable energy and power sectors in Europe, USA and Israel.

    To date, Ellomay has evaluated numerous opportunities and invested significant funds in the renewable, clean energy and natural resources industries in Israel, Italy, Spain, the Netherlands and Texas, USA, including:

    • Approximately 335.9 MW of operating solar power plants in Spain (including a 300 MW solar plant in owned by Talasol, which is 51% owned by the Company) and 51% of approximately 38 MW of operating solar power plants in Italy;
    • 9.375% indirect interest in Dorad Energy Ltd., which owns and operates one of Israel’s largest private power plants with production capacity of approximately 850 MW, representing about 6%-8% of Israel’s total current electricity consumption;
    • Groen Gas Goor B.V., Groen Gas Oude-Tonge B.V. and Groen Gas Gelderland B.V., project companies operating anaerobic digestion plants in the Netherlands, with a green gas production capacity of approximately 3 million, 3.8 million and 9.5 million Nm3 per year, respectively;
    • 83.333% of Ellomay Pumped Storage (2014) Ltd., which is involved in a project to construct a 156 MW pumped storage hydro power plant in the Manara Cliff, Israel;
    • 51% of solar projects in Italy with an aggregate capacity of 160 MW that commenced construction processes;
    • Solar projects in Italy with an aggregate capacity of 134 MW that have reached “ready to build” status; and
    • Solar projects in the Dallas Metropolitan area, Texas, USA with an aggregate capacity of approximately 27 MW that are connected to the grid and an additional 22 MW that are awaiting connection to the grid.

    For more information about Ellomay, visit http://www.ellomay.com.

    About Statkraft

    Statkraft – Europe’s largest renewable energy producer – is a company with 7,000 employees in over 20 countries that develops and manages hydropower, wind, solar and storage system assets, also offering PPA (Power Purchase Agreement) solutions for energy buying and selling. With a history and experience of 130 years, Statkraft operates in Italy since 2020, inspired by the group’s core values: We act responsibly, We grow together, We make an impact. Principles that have always guided us towards sustainable and socially responsible action. Indeed, the management of stakeholder relations is respectful of the highest standards of corporate compliance, thus ensuring an ethical approach to business and excellent feedback from the communities that welcome our green investments.

    For more information about Statkraft, visit http://www.statkraft.com

    About Maya International Strategic Alliances Ltd.

    MISA specializes in structuring and negotiating strategic transactions in the energy and infrastructure space. With deep expertise in European and Asian energy markets, MISA supports sponsors and investors in delivering commercially sound, bankable solutions tailored to local and global dynamics.

    Information Relating to Forward-Looking Statements

    This press release contains forward-looking statements that involve substantial risks and uncertainties, including statements that are based on the current expectations and assumptions of the Company’s management. All statements, other than statements of historical facts, included in this press release regarding the Company’s plans and objectives, expectations and assumptions of management are forward-looking statements. The use of certain words, including the words “estimate,” “project,” “intend,” “expect,” “believe” and similar expressions are intended to identify forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The Company may not actually achieve the plans, intentions or expectations disclosed in the forward-looking statements and you should not place undue reliance on the Company’s forward-looking statements. Various important factors could cause actual results or events to differ materially from those that may be expressed or implied by the Company’s forward-looking statements, including changes in electricity prices and demand, regulatory changes, increases in interest rates and inflation, changes in the supply and prices of resources required for the operation of the Company’s facilities (such as waste and natural gas) and in the price of oil, the impact of the war and hostilities in Israel and Gaza and between Israel and Iran, the impact of the continued military conflict between Russia and Ukraine, technical and other disruptions in the operations or construction of the power plants owned by the Company, inability to obtain the financing required for the development and construction of projects, inability to advance the expansion of Dorad, increases in interest rates and inflation, changes in exchange rates, delays in development, construction, or commencement of operation of the projects under development, failure to obtain permits – whether within the set time frame or at all, climate change, and general market, political and economic conditions in the countries in which the Company operates, including Israel, Spain, Italy and the United States. and general market, political and economic conditions in the countries in which the Company operates, including Israel, Spain, Italy and the United States. These and other risks and uncertainties associated with the Company’s business are described in greater detail in the filings the Company makes from time to time with Securities and Exchange Commission, including its Annual Report on Form 20-F. The forward-looking statements are made as of this date and the Company does not undertake any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

    Contact:
    Kalia Rubenbach (Weintraub)
    CFO
    Tel: +972 (3) 797-1111
    Email: hilai@ellomay.com

    The MIL Network –

  • MIL-OSI: Ellomay and Statkraft Sign Long-Term Power Purchase Agreements for Three Operating Italian Solar Plants

    Source: GlobeNewswire (MIL-OSI)

                             

    Tel-Aviv, Israel / Milan, Italy, July 07, 2025 (GLOBE NEWSWIRE) — Ellomay Capital Ltd. (NYSE American; TASE: ELLO) (“Ellomay” or the “Company”), a renewable energy and power generator and developer of renewable energy and power projects in Europe, USA and Israel, announced today that three Italian project companies in which the Company indirectly holds a 51% interest signed long-term (9-year) power purchase agreements (“PPAs”) with Statkraft, Europe’s largest generator of renewable energy. The PPAs cover 75% of the capacity (at P50) of three operating solar plants in Italy’s central-southern zone (CSUD), with a combined capacity of approximately 38 MW.

    Ran Fridrich, CEO and Board member of Ellomay, said: “This transaction reinforces Ellomay’s strategy of enhancing the value and stability of its renewable platform across key European markets. The collaboration with Statkraft—one of Europe’s most respected and experienced offtakers—strengthens the foundation of this deal. Together with Ellomay’s disciplined development strategy and high-performing asset base, these PPAs set a benchmark for quality-driven growth in utility-scale renewables. Ellomay aims to structure similar agreements for other projects, including its remaining Italian solar portfolio that currently consists of 160 MW under construction processes (51% owned), 124 MW that received construction permits and additional 140 MW that are expected to receive permits in the near future.”

    Maya Shaltiel, CEO of Maya International Strategic Alliances Ltd. (“MISA“), who led the negotiation and structuring of the transaction on behalf of Ellomay, said: “We are proud to have delivered bankable and resilient PPAs for Ellomay, in close collaboration with Statkraft. The PPAs support long-term stability for strong renewable assets in Italy and reflect a structure designed to thrive amid market complexity. In a period of high volatility and growing demand for green energy, we secured long-term certainty while preserving merchant upside — a structure that reflects strategic clarity and adaptability to evolving market conditions. We deeply appreciate Statkraft’s partnership and look forward to continuing to support energy transition efforts across Europe.”

    Gennaro D’Annucci, Head of Origination Italy at Statkraft, said: “We are pleased to collaborate with Ellomay on this important transaction, which underscores Statkraft’s role as a leading force in the European PPA market. This agreement further strengthens our substantial renewable energy portfolio in Italy and enables us to offer innovative and competitive green supply solutions tailored to the needs of Italian corporates and industrials. It reflects our enduring commitment to driving the energy transition forward and delivering value through clean energy.”

    About Ellomay Capital Ltd.

    Ellomay is an Israeli based company whose shares are registered with the NYSE American and with the Tel Aviv Stock Exchange under the trading symbol “ELLO”. Since 2009, Ellomay focuses its business in the renewable energy and power sectors in Europe, USA and Israel.

    To date, Ellomay has evaluated numerous opportunities and invested significant funds in the renewable, clean energy and natural resources industries in Israel, Italy, Spain, the Netherlands and Texas, USA, including:

    • Approximately 335.9 MW of operating solar power plants in Spain (including a 300 MW solar plant in owned by Talasol, which is 51% owned by the Company) and 51% of approximately 38 MW of operating solar power plants in Italy;
    • 9.375% indirect interest in Dorad Energy Ltd., which owns and operates one of Israel’s largest private power plants with production capacity of approximately 850 MW, representing about 6%-8% of Israel’s total current electricity consumption;
    • Groen Gas Goor B.V., Groen Gas Oude-Tonge B.V. and Groen Gas Gelderland B.V., project companies operating anaerobic digestion plants in the Netherlands, with a green gas production capacity of approximately 3 million, 3.8 million and 9.5 million Nm3 per year, respectively;
    • 83.333% of Ellomay Pumped Storage (2014) Ltd., which is involved in a project to construct a 156 MW pumped storage hydro power plant in the Manara Cliff, Israel;
    • 51% of solar projects in Italy with an aggregate capacity of 160 MW that commenced construction processes;
    • Solar projects in Italy with an aggregate capacity of 134 MW that have reached “ready to build” status; and
    • Solar projects in the Dallas Metropolitan area, Texas, USA with an aggregate capacity of approximately 27 MW that are connected to the grid and an additional 22 MW that are awaiting connection to the grid.

    For more information about Ellomay, visit http://www.ellomay.com.

    About Statkraft

    Statkraft – Europe’s largest renewable energy producer – is a company with 7,000 employees in over 20 countries that develops and manages hydropower, wind, solar and storage system assets, also offering PPA (Power Purchase Agreement) solutions for energy buying and selling. With a history and experience of 130 years, Statkraft operates in Italy since 2020, inspired by the group’s core values: We act responsibly, We grow together, We make an impact. Principles that have always guided us towards sustainable and socially responsible action. Indeed, the management of stakeholder relations is respectful of the highest standards of corporate compliance, thus ensuring an ethical approach to business and excellent feedback from the communities that welcome our green investments.

    For more information about Statkraft, visit http://www.statkraft.com

    About Maya International Strategic Alliances Ltd.

    MISA specializes in structuring and negotiating strategic transactions in the energy and infrastructure space. With deep expertise in European and Asian energy markets, MISA supports sponsors and investors in delivering commercially sound, bankable solutions tailored to local and global dynamics.

    Information Relating to Forward-Looking Statements

    This press release contains forward-looking statements that involve substantial risks and uncertainties, including statements that are based on the current expectations and assumptions of the Company’s management. All statements, other than statements of historical facts, included in this press release regarding the Company’s plans and objectives, expectations and assumptions of management are forward-looking statements. The use of certain words, including the words “estimate,” “project,” “intend,” “expect,” “believe” and similar expressions are intended to identify forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The Company may not actually achieve the plans, intentions or expectations disclosed in the forward-looking statements and you should not place undue reliance on the Company’s forward-looking statements. Various important factors could cause actual results or events to differ materially from those that may be expressed or implied by the Company’s forward-looking statements, including changes in electricity prices and demand, regulatory changes, increases in interest rates and inflation, changes in the supply and prices of resources required for the operation of the Company’s facilities (such as waste and natural gas) and in the price of oil, the impact of the war and hostilities in Israel and Gaza and between Israel and Iran, the impact of the continued military conflict between Russia and Ukraine, technical and other disruptions in the operations or construction of the power plants owned by the Company, inability to obtain the financing required for the development and construction of projects, inability to advance the expansion of Dorad, increases in interest rates and inflation, changes in exchange rates, delays in development, construction, or commencement of operation of the projects under development, failure to obtain permits – whether within the set time frame or at all, climate change, and general market, political and economic conditions in the countries in which the Company operates, including Israel, Spain, Italy and the United States. and general market, political and economic conditions in the countries in which the Company operates, including Israel, Spain, Italy and the United States. These and other risks and uncertainties associated with the Company’s business are described in greater detail in the filings the Company makes from time to time with Securities and Exchange Commission, including its Annual Report on Form 20-F. The forward-looking statements are made as of this date and the Company does not undertake any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

    Contact:
    Kalia Rubenbach (Weintraub)
    CFO
    Tel: +972 (3) 797-1111
    Email: hilai@ellomay.com

    The MIL Network –

  • MIL-OSI: Shell second quarter 2025 update note

    Source: GlobeNewswire (MIL-OSI)

    The following is an update to the second quarter 2025 outlook and gives an overview of our current expectations for the second quarter. Outlooks presented may vary from the actual second quarter 2025 results and are subject to finalisation of those results, which are scheduled to be published on July 31, 2025. Unless otherwise indicated, all outlook statements exclude identified items. 

    See appendix for the definition of the non-GAAP measure used and the most comparable GAAP measure.

       Integrated Gas

    $ billions Q1’25 Q2’25 Outlook Comment
    Adjusted EBITDA:
    Production (kboe/d) 927 900 – 940  
    LNG liquefaction volumes (MT) 6.6 6.4 – 6.8  
    Underlying opex 1.0 1.0 – 1.2  
    Adjusted Earnings:
    Pre-tax depreciation 1.4 1.4 – 1.8  
    Taxation charge 0.8 0.3 – 0.6  
    Other Considerations:
    Trading & Optimisation is expected to be significantly lower than Q1’25.

     Upstream

    $ billions Q1’25 Q2’25 Outlook Comment
    Adjusted EBITDA:
    Production (kboe/d) 1,855 1,660 – 1,760 Reflects scheduled maintenance and the completed sale of SPDC in Nigeria.
    Underlying opex 2.2 1.9 – 2.5  
    Adjusted Earnings:
    Pre-tax depreciation 2.2 2.0 – 2.6  
    Taxation charge 2.6 1.6 – 2.4  
    Other Considerations:
    The share of profit / (loss) of joint ventures and associates in Q2’25 is expected to be ~$0.2 billion. Q2’25 exploration well write-offs are expected to be ~$0.2 billion.

     Marketing

    $ billions Q1’25 Q2’25 Outlook Comment
    Adjusted EBITDA:
    Sales volumes (kb/d) 2,674 2,600 – 3,000  
    Underlying opex 2.4 2.3 – 2.7  
    Adjusted Earnings:
    Pre-tax depreciation 0.6 0.5 – 0.7  
    Taxation charge 0.4 0.2 – 0.6  
    Other Considerations:
    Marketing adjusted earnings are expected to be higher than Q1’25.

      Chemicals and Products

    $ billions Q1’25 Q2’25 Outlook Comment
    Adjusted EBITDA:
    Indicative refining margin* $6.2/bbl $8.9/bbl  
    Indicative chemicals margin* $126/tonne $166/tonne The Chemicals sub-segment adjusted earnings are expected to be a loss.
    Refinery utilisation 85% 92% – 96%  
    Chemicals utilisation 81% 68% – 72% Chemicals utilisation impacted by unplanned maintenance at Monaca.
    Underlying opex 2.0 1.7 – 2.1  
    Adjusted Earnings:
    Pre-tax depreciation 0.9 0.8 – 1.0  
    Taxation charge / (credit) 0.1 (0.3) – 0.2  
    Other Considerations:
    Trading & Optimisation is expected to be significantly lower than Q1’25. The Chemicals & Products segment adjusted earnings is expected to be below break-even in Q2’25.

    *See appendix

     Renewables and Energy Solutions

    $ billions Q1’25 Q2’25 Outlook Comment
    Adjusted Earnings — (0.4) – 0.2 Trading & Optimisation is expected to be lower than Q1’25.

    Corporate

    $ billions Q1’25 Q2’25 Outlook Comment
    Adjusted Earnings (0.5) (0.6) – (0.4)  

    Shell Group

    $ billions Q1’25 Q2’25 Outlook Comment
    CFFO:
    Tax paid 2.9 2.8 – 3.6  
    Derivative movements — (1) – 3  
    Working capital (2.7) (1) – 4  
    Other Shell Group Considerations:
    – 

    Guidance

    The ‘Quarterly Databook’ contains guidance on Indicative Refining Margin, Indicative Chemicals Margin and full-year price and margin sensitivities.

    Consensus

    The company compiled consensus, managed by Vara Research, is expected to be published on July 23, 2025.

    Appendix

    Indicative Margins

    Chemicals & Products Q1’25 Q2’25 Updated Outlook
    Indicative refining margin $6.2/bbl $8.9/bbl
    Indicative chemicals margin $126/tonne $166/tonne

    The formulas for Indicative refining margin (IRM) and Indicative chemicals margin (ICM) have been updated following the completion of the Singapore divestment. Applying the previous formula for Q2’25 the IRM would have been: $7.5/bbl and the ICM $143/tonne. 

    Volume Data

    Operational Metrics Q1’25 Q2’25 QPR Outlook Q2’25 Updated Outlook
    Integrated Gas      
    Production (kboe/d) 927 890 – 950 900 – 940
    LNG liquefaction volumes (MT) 6.6 6.3 – 6.9 6.4 – 6.8
    Upstream      
    Production (kboe/d) 1,855 1,560 – 1,760 1,660 – 1,760
    Marketing      
    Sales volumes (kb/d) 2,674 2,600 – 3,100 2,600 – 3,000
    Chemicals & Products      
    Refinery utilisation 85% 87% – 95% 92% – 96%
    Chemicals utilisation 81% 74% – 82% 68% – 72%

    Underlying Opex

    Underlying operating expenses is a measure aimed at facilitating a comparative understanding of performance from period to period by removing the effects of identified items, which, either individually or collectively, can cause volatility, in some cases driven by external factors. For further details see the 1st Quarter 2025 unaudited results.

    $ billions Q1’25 Q1’25 Adjusted Q2’25 Updated Outlook
    Production and manufacturing expenses 5.5    
    Selling, distribution and administrative expenses 2.8    
    Research and development 0.2    
    Operating Expenses (Opex) 8.6 8.6  
    Less: Identified Items   0.1  
    Underlying Opex   8.5  
        of which:      
        Integrated Gas 1.0 1.0 1.0 – 1.2
        Upstream 2.2 2.2 1.9 – 2.5
        Marketing 2.4 2.4 2.3 – 2.7
        Chemicals and Products 2.1 2.0 1.7 – 2.1
        Renewables and Energy Solutions 0.7 0.7  

    Depreciation, depletion and amortisation

    $ billions Q1’25 Q1’25 Adjusted Q2’25 Updated Outlook
    Depreciation, Depletion & Amortisation 5.4 5.4  
    Less: Identified Items   0.3  
    Pre-tax depreciation (as Adjusted)   5.1  
        of which:      
        Integrated Gas 1.4 1.4 1.4 – 1.8
        Upstream 2.2 2.2 2.0 – 2.6
        Marketing 0.5 0.6 0.5 – 0.7
        Chemicals and Products 1.1 0.9 0.8 – 1.0
        Renewables and Energy Solutions 0.1 0.1  

    Taxation Charge

    $ billions Q1’25 Q1’25 Adjusted Q2’25 Updated Outlook
    Taxation Charge 4.1 4.1  
    Less: Identified Items and Cost of supplies adjustment   0.3  
    Taxation Charge (as Adjusted)   3.8  
        of which:      
        Integrated Gas 0.8 0.8 0.3 – 0.6
        Upstream 3.0 2.6 1.6 – 2.4
        Marketing 0.4 0.4 0.2 – 0.6
        Chemicals and Products — 0.1 (0.3) – 0.2
        Renewables and Energy Solutions — 0.1  

    Adjusted Earnings

    The “Adjusted Earnings” measure aims to facilitate a comparative understanding of Shell’s financial performance from period to period by removing the effects of oil price changes on inventory carrying amounts and removing the effects of identified items. These items are in some cases driven by external factors and may, either individually or collectively, hinder the comparative understanding of Shell’s financial results from period to period. This measure excludes earnings attributable to non-controlling interest. For further details see the 1st Quarter 2025 unaudited results.

    $ billions Q1’25 Q1’25 Adjusted Q2’25 Updated Outlook
    Income/(loss) attributable to Shell plc shareholders 4.8 4.8  
    Add: Current cost of supplies adjustment attributable to Shell plc shareholders   —  
    Less: Identified items attributable to Shell plc shareholders   (0.8)  
    Adjusted Earnings   5.6  
        of which:      
        Renewables and Energy Solutions (0.2) — (0.4) – 0.2
        Corporate (0.5) (0.5) (0.6) – (0.4)

    Enquiries

    Media International: +44 (0) 207 934 5550

    Media U.S. and Canada: Contact form

    Cautionary Note

    The companies in which Shell plc directly and indirectly owns investments are separate legal entities. In this announcement “Shell”, “Shell Group” and “Group” are sometimes used for convenience to reference Shell plc and its subsidiaries in general. Likewise, the words “we”, “us” and “our” are also used to refer to Shell plc and its subsidiaries in general or to those who work for them. These terms are also used where no useful purpose is served by identifying the particular entity or entities. ‘‘Subsidiaries’’, “Shell subsidiaries” and “Shell companies” as used in this announcement refer to entities over which Shell plc either directly or indirectly has control. The terms “joint venture”, “joint operations”, “joint arrangements”, and “associates” may also be used to refer to a commercial arrangement in which Shell has a direct or indirect ownership interest with one or more parties.  The term “Shell interest” is used for convenience to indicate the direct and/or indirect ownership interest held by Shell in an entity or unincorporated joint arrangement, after exclusion of all third-party interest.

    The numbers presented in this announcement may not sum precisely to the totals provided and percentages may not precisely reflect the absolute figures due to rounding.

    Forward-Looking statements
    This announcement contains forward-looking statements (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995) concerning the financial condition, results of operations and businesses of Shell. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements are statements of future expectations that are based on management’s current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. Forward-looking statements include, among other things, statements concerning the potential exposure of Shell to market risks and statements expressing management’s expectations, beliefs, estimates, forecasts, projections and assumptions. These forward-looking statements are identified by their use of terms and phrases such as “aim”; “ambition”; ‘‘anticipate’’; “aspire”; “aspiration”; ‘‘believe’’; “commit”; “commitment”; ‘‘could’’; “desire”; ‘‘estimate’’; ‘‘expect’’; ‘‘goals’’; ‘‘intend’’; ‘‘may’’; “milestones”; ‘‘objectives’’; ‘‘outlook’’; ‘‘plan’’; ‘‘probably’’; ‘‘project’’; ‘‘risks’’; “schedule”; ‘‘seek’’; ‘‘should’’; ‘‘target’’; “vision”; ‘‘will’’; “would” and similar terms and phrases. There are a number of factors that could affect the future operations of Shell and could cause those results to differ materially from those expressed in the forward-looking statements included in this announcement, including (without limitation): (a) price fluctuations in crude oil and natural gas; (b) changes in demand for Shell’s products; (c) currency fluctuations; (d) drilling and production results; (e) reserves estimates; (f) loss of market share and industry competition; (g) environmental and physical risks, including climate change; (h) risks associated with the identification of suitable potential acquisition properties and targets, and successful negotiation and completion of such transactions; (i) the risk of doing business in developing countries and countries subject to international sanctions; (j) legislative, judicial, fiscal and regulatory developments including tariffs and regulatory measures addressing climate change; (k) economic and financial market conditions in various countries and regions; (l) political risks, including the risks of expropriation and renegotiation of the terms of contracts with governmental entities, delays or advancements in the approval of projects and delays in the reimbursement for shared costs; (m) risks associated with the impact of pandemics, regional conflicts, such as the Russia-Ukraine war and the conflict in the Middle East, and a significant cyber security, data privacy or IT incident; (n) the pace of the energy transition; and (o) changes in trading conditions. No assurance is provided that future dividend payments will match or exceed previous dividend payments. All forward-looking statements contained in this announcement are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. Readers should not place undue reliance on forward-looking statements. Additional risk factors that may affect future results are contained in Shell plc’s Form 20-F and amendment thereto for the year ended December 31, 2024 (available at www.shell.com/investors/news-and-filings/sec-filings.html and www.sec.gov). These risk factors also expressly qualify all forward-looking statements contained in this announcement and should be considered by the reader. Each forward-looking statement speaks only as of the date of this announcement, July 7, 2025. Neither Shell plc nor any of its subsidiaries undertake any obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information. In light of these risks, results could differ materially from those stated, implied or inferred from the forward-looking statements contained in this announcement.

    Shell’s net carbon intensity
    Also, in this announcement we may refer to Shell’s “net carbon intensity” (NCI), which includes Shell’s carbon emissions from the production of our energy products, our suppliers’ carbon emissions in supplying energy for that production and our customers’ carbon emissions associated with their use of the energy products we sell. Shell’s NCI also includes the emissions associated with the production and use of energy products produced by others which Shell purchases for resale. Shell only controls its own emissions. The use of the terms Shell’s “net carbon intensity” or NCI is for convenience only and not intended to suggest these emissions are those of Shell plc or its subsidiaries.

    Shell’s net-zero emissions target
    Shell’s operating plan and outlook are forecasted for a three-year period and ten-year period, respectively, and are updated every year. They reflect the current economic environment and what we can reasonably expect to see over the next three and ten years. Accordingly, the outlook reflects our Scope 1, Scope 2 and NCI targets over the next ten years.  However, Shell’s operating plan and outlook cannot reflect our 2050 net-zero emissions target, as this target is outside our planning period. Such future operating plans and outlooks could include changes to our portfolio, efficiency improvements and the use of carbon capture and storage and carbon credits. In the future, as society moves towards net-zero emissions, we expect Shell’s operating plans and outlooks to reflect this movement. However, if society is not net zero in 2050, as of today, there would be significant risk that Shell may not meet this target.

    Forward-Looking Non-GAAP measures

    This announcement may contain certain forward-looking non-GAAP measures such as Adjusted Earnings, Adjusted EBITDA, Cash flow from operating activities excluding working capital movements, Cash capital expenditure, Net debt and Underlying operating expense.

    Adjusted Earnings and Adjusted EBITDA are measures used to evaluate Shell’s performance in the period and over time.
    The “Adjusted Earnings” and Adjusted EBITDA are measures which aim to facilitate a comparative understanding of Shell’s financial performance from period to period by removing the effects of oil price changes on inventory carrying amounts and removing the effects of identified items.
    Adjusted Earnings is defined as income/(loss) attributable to shareholders adjusted for the current cost of supplies and excluding identified items. “Adjusted EBITDA (CCS basis)” is defined as “Income/(loss) for the period” adjusted for current cost of supplies; identified items; tax charge/(credit); depreciation, amortisation and depletion; exploration well write-offs and net interest expense. All items include the non-controlling interest component.
    Cash flow from operating activities excluding working capital movements is a measure used by Shell to analyse its operating cash generation over time excluding the timing effects of changes in inventories and operating receivables and payables from period to period. Working capital movements are defined as the sum of the following items in the Consolidated Statement of Cash Flows: (i) (increase)/decrease in inventories, (ii) (increase)/decrease in current receivables, and (iii) increase/(decrease) in current payables. Cash capital expenditure is the sum of the following lines from the Consolidated Statement of Cash flows: Capital expenditure, Investments in joint ventures and associates and Investments in equity securities. Net debt is defined as the sum of current and non-current debt, less cash and cash equivalents, adjusted for the fair value of derivative financial instruments used to hedge foreign exchange and interest rate risks relating to debt, and associated collateral balances. Underlying operating expenses is a measure of Shell’s cost management performance and aimed at facilitating a comparative understanding of performance from period to period by removing the effects of identified items, which, either individually or collectively, can cause volatility, in some cases driven by external factors. Underlying operating expenses comprises the following items from the Consolidated statement of Income: production and manufacturing expenses; selling, distribution and administrative expenses; and research and development expenses and removes the effects of identified items such as redundancy and restructuring charges or reversals, provisions or reversals and others.

    We are unable to provide a reconciliation of these forward-looking non-GAAP measures to the most comparable GAAP financial measures because certain information needed to reconcile those non-GAAP measures to the most comparable GAAP financial measures is dependent on future events some of which are outside the control of Shell, such as oil and gas prices, interest rates and exchange rates. Moreover, estimating such GAAP measures with the required precision necessary to provide a meaningful reconciliation is extremely difficult and could not be accomplished without unreasonable effort. Non-GAAP measures in respect of future periods which cannot be reconciled to the most comparable GAAP financial measure are calculated in a manner which is consistent with the accounting policies applied in Shell plc’s consolidated financial statements.
    The contents of websites referred to in this announcement do not form part of this announcement.

    We may have used certain terms, such as resources, in this announcement that the United States Securities and Exchange Commission (SEC) strictly prohibits us from including in our filings with the SEC.  Investors are urged to consider closely the disclosure in our Form 20-F, File No 1-32575, available on the SEC website www.sec.gov.

    LEI number of Shell plc: 21380068P1DRHMJ8KU70

    The MIL Network –

  • MIL-OSI: Mastercard collaborates with Eastern Bank PLC and IDEX Biometrics to launch its global first biometric metal credit card in Bangladesh

    Source: GlobeNewswire (MIL-OSI)

    The new card combines cutting-edge biometric authentication with the sophistication of a metal design, offering both enhanced security and premium user experience for cardholders.

    Dhaka, Bangladesh, 7th July 2025: Mastercard has collaborated with Eastern Bank PLC to introduce its first biometric metal credit card, marking a significant leap forward in Bangladesh’s payment technology landscape. As part of the ultra-premium World Elite Mastercard portfolio, this innovative card combines cutting-edge biometric authentication with the sophistication of a metal design, offering both enhanced security and premium user experience. Co-powered by IDEX Biometrics, Kona I, and Infineon Technologies, the launch reflects a shared commitment to driving secure, seamless, and future-ready payment experiences in the country.

    The new card will empower Mastercard cardholders to authenticate in-store purchases effortlessly using just their fingerprint—eliminating the need for PINs or signatures. Leveraging advanced biometric technology, it’ll ensure that only the authorized user can complete the transaction, safeguarding sensitive financial data and setting a new benchmark for secure, premium payment experiences.

    With cardholder data securely stored directly on the card, transactions will be authenticated through the user’s fingerprint—adding a powerful layer of protection against fraud. One of the most user-friendly features of the new card will be its seamless enrollment process—cardholders can conveniently register their fingerprint from the comfort of home using a kit provided by the bank.

    Enhancing its security credentials further, the card will be equipped with Mastercard Identity Theft Protection, a robust feature that continuously scans the web for signs of identity fraud, offering cardholders proactive and comprehensive protection.

    Ali Reza Iftekhar, Managing Director & CEO, Eastern Bank PLC, said, “Eastern Bank PLC is pioneering the payment landscape in Bangladesh, confirming its leadership and innovation positioning. This IDEX Biometrics solution will provide a first-class payment experience and a new payment standard, powering secure contactless transactions in the country.”

    Syed Mohammad Kamal, Country Manager, Bangladesh, Mastercard, said, “Mastercard is delighted to collaborate with Eastern Bank PLC to launch its first biometric metal card in Bangladesh. This groundbreaking innovation reaffirms Mastercard’s leadership in redefining the future of payments—where cutting-edge security meets seamless convenience. By embedding fingerprint authentication into a sleek metal card, Mastercard has set a new benchmark for premium cardholders who demand both sophistication and safety. Beyond its advanced technology, the World Elite Mastercard credit card will unlock a host of exclusive privileges, delivering an elevated experience that reflects the evolving expectations of today’s discerning consumers.”

    Anders Storbraten, CEO, IDEX Biometrics, said, “We are excited that the IDEX Biometrics technology is part of this major milestone for the industry. This is a big win for customers, who can benefit from secure, seamless and highly innovative payment solutions. The biometric metal card from EBL brings it all together.”

    Tolgahan Yildiz, Head of Trusted Mobile Connectivity and Transactions Product Line, Infineon Technologies, said, “With our ongoing commitment to the smart card market and investment in innovation, we’re proud to enable the launch of this biometric metal card solution.”

    This exclusive World Elite Mastercard credit card will also unlock a host of premium privileges through Mastercard’s Priceless Specials platform, such as:

    • A complimentary one-night stay at luxury hotels
    • A free gourmet meal at top restaurants across Asia Pacific
    • Exclusive rooftop dining at CÉ LA VI, Marina Bay Sands, Singapore, plus a SG$100 voucher
    • Access to over 46 premium golf clubs, including TPC® courses operated by the PGA TOUR

    The new card will also enable additional perks for cardholders, including:

    • Global data roaming with Flexiroam
    • Discounted car rentals from Hertz
    • USD 1,000 off Uniworld river cruises
    • Fast-track elite memberships with hotel loyalty programs like GHA DISCOVERY, HoteLux, Wyndham Rewards, and I Prefer

    Further, cardholders will gain access to exclusive and specially curated experiences through Mastercard’s globally renowned Priceless platform. They will also be able to enjoy complimentary access to over 1,300 airport lounges worldwide through Mastercard’s LoungeKey program, along with access to select domestic lounges—ensuring comfort and convenience wherever they travel.

    To elevate the experience even further, a 24/7 concierge service will be available to cardholders, ensuring seamless assistance and effortless access to the finest experiences around the globe—from last-minute reservations to curated travel recommendations.

    Enclosed: Photos of the card, the launch advertisement and the representatives of the companies collaborating to create and launch the card.

    About IDEX Biometrics

    IDEX Biometrics ASA (OSE: IDEX) is a global technology leader in fingerprint biometrics, offering authentication solutions across payments, access control, and digital identity. Our solutions bring convenience, security, peace of mind and seamless user experiences to the world. Built on patented and proprietary sensor technologies, integrated circuit designs, and software, our biometric solutions target card-based applications for payments and digital authentication. As an industry-enabler we partner with leading card manufacturers and technology companies to bring our solutions to market.

    For more information, please visit www.idexbiometrics.com or contact ir@idexbiometrics.com

    About Mastercard

    Mastercard powers economies and empowers people in 200+ countries and territories worldwide. Together with our customers, we’re building a resilient economy where everyone can prosper. We support a wide range of digital payments choices, making transactions secure, simple, smart and accessible. Our technology and innovation, partnerships and networks combine to deliver a unique set of products and services that help people, businesses and governments realize their greatest potential.

    For more information, please visit www.mastercard.com

    About Eastern Bank PLC

    A game changer in Bangladesh’s fast growing financial sector, the success of EASTERN BANK PLC comes from its continuous effort to innovate products and services, its commitment to offer service excellence and passion for performance. With a sound asset quality, strong liquidity, adequate capital coverage and good corporate governance, EASTERN BANK PLC is a symbol of stability in Bangladesh Financial Market. EASTERN BANK PLC has been known for its consistent and sustainable growth over the past 30 years and is being acclaimed for its customer-focus approach. EASTERN BANK PLC is committed to remain a strong partner in accelerating Bangladesh’s journey to a trillion-dollar economy by 2040.

    For more information, please visit www.Eastern Bank PLC.com.bd

    About Infineon

    Infineon Technologies AG is a global semiconductor leader in power systems and IoT. Infineon drives decarbonization and digitalization with its products and solutions. The Company had around 58,060 employees worldwide (end of September 2024) and generated revenue of about €15 billion in the 2024 fiscal year (ending 30 September). Infineon is listed on the Frankfurt Stock Exchange (ticker symbol: IFX) and in the USA on the OTCQX International over-the-counter market (ticker symbol: IFNNY).

    For more information, please visit www.infineon.com

    Trademark Statement
    IDEX, IDEX Biometrics and the IDEX logo are trademarks owned by IDEX Biometrics ASA. All other brands or product names are the property of their respective holders.

    About this notice
    This notice was issued by Erling Svela, Vice president of finance, on 7 July 2025 at 08:00 CET on behalf of IDEX Biometrics ASA.

    Attachments

    The MIL Network –

  • MIL-Evening Report: A test of political courage: Yoorrook’s final reports demand action, not amnesia

    Source: The Conversation (Au and NZ) – By Jeremie M Bracka, Law Lecturer and Transitional Justice Academic, RMIT University

    Australia’s colonial era may be formally over but its legacies of inequality, land dispossession and systemic racism continue to shape daily life for First Peoples.

    Last week, the Victorian Yoorrook Justice Commission delivered its two final reports to the Victorian governor, concluding the most ambitious effort yet to reckon with these injustices.

    The reports, Yoorrook for Transformation and Yoorrook Truth Be Told, contain 100 detailed recommendations across five volumes. They deliver a devastating account of dispossession, family separation, cultural erasure and structural racism, past and present.

    Their scope is historic. But the question remains: will they change anything?

    A bold innovation in truth-telling

    Yoorrook is not just another inquiry.

    Established in 2021, it is Australia’s first formal truth commission and the only one globally to be established alongside a Treaty process in a settler-colonial democracy.

    It was designed by the First Peoples’ Assembly of Victoria and has been led and shaped by Aboriginal communities.

    Its mandate is wide: to investigate both historical and ongoing injustices across all areas of life from land, law, health and education to housing, finance and child protection.

    Over the past four years, Yoorrook has compelled testimony from ministers and senior bureaucrats, visited prisons and out-of-home care facilities, and travelled across the state to conduct on-country truth-telling with Elders.

    In the words of one witness, Aunty Stephanie Charles:

    Our Land, Our Language, Our
    Lore and Our Lives have been denied
    for far too long. In order to move
    forward these must be recognised
    an respected. This is Yoo-rrook.

    Why truth commissions matter

    Truth commissions emerged most famously in South Africa, where they were used to document atrocities during apartheid.

    In recent years, however, they’ve also appeared in stable democracies grappling with colonial legacies: Canada’s commission on residential schools, Belgium’s commission on its African empire, and multiple United States commissions examining slavery, segregation and systemic racism.

    In postcolonial states such as Australia, truth-telling is particularly powerful and necessary, because harm has not only been inflicted but denied.

    As anthropologist W.E.H. Stanner put it in 1968, Australia has long maintained a “great Australian silence” – a wilful forgetting of how the nation was built on the dispossession of others.

    Yoorrook challenges this silence. It has created an official record of Victoria’s colonial and ongoing harms, and opened a rare space for Indigenous people to define harm on their own terms, including what justice and healing should look like.

    Structural injustice laid bare

    The commission’s final reports lay out both stories and statistics. These include:

    • in the past, Victoria explicitly authorised child removals on racial grounds and controlled every aspect of Aboriginal life under protectionist laws
    • today, the state still removes Aboriginal children at more than 20 times the rate of non-Indigenous children
    • Aboriginal people remain vastly over-represented in police custody, prison populations and cases of public housing exclusion.

    Yoorrook is connecting these dots, showing how the injustices of colonisation did not end but evolved into contemporary legal and institutional forms.

    Importantly, the commission has not shied away from naming these harms. It has condemned Victoria’s systemic racism – including alleged genocide – and called for radical change not just recognition.

    Among its recommendations are calls to return land and water to Traditional Owners, to embed First Peoples’ control over education and child protection, and to establish reparations and shared governance structures across public institutions.

    Will this lead to real change?

    Yoorrook’s reports could be transformative if acted on – but this is far from guaranteed.

    The Canadian experience is instructive. While its Truth and Reconciliation Commission garnered attention, many Canadians today are unfamiliar with its findings and progress on its recommendations has been slow.

    In Australia, there’s a similar risk that Yoorrook may preach to the choir while political leaders move on. Despite a public apology in 2008, most recommendations of the 1991 Royal Commission into Aboriginal Deaths in Custody remain unfulfilled.

    Since then, more than 500 additional Indigenous people have died in custody.

    We must resist the cycle of “truth without justice.”

    In recent hearings, Yoorrook commissioners pressed ministers to move beyond rhetoric. While several public apologies were made, including from Victoria’s attorney-general and the police minister, the commission rightly warned apologies without action are hollow.

    Where to from here?

    The failure of the Voice referendum in 2023 showed just how contested questions of history, race and recognition remain in Australia.

    But it also underscored the need for renewed engagement with the truth, not just in parliaments but in homes, schools, workplaces and media.

    Yoorrook’s challenge is not only to shape policy but to shift public consciousness. In this sense, it must speak to all Victorians.

    Without broader buy-in, even the best-designed truth commission risks being forgotten.

    A test of political courage

    Yoorrook has done its part. It has listened to more than 1,500 voices. It has built the record. It has made the case for transformation.

    Now, the Victorian government and indeed all of us must decide what to do with that truth. Will we confront it? Will we act on it? Or will we retreat once more into silence?

    Yoorrook has narrowed the range of permissible lies in this country. But narrowing lies is not the same as achieving justice. That next step is ours to take.

    Jeremie M Bracka was awarded the Malcolm Moore Industry Research Grant to support the implementation of the Final Reports of the Yoorrook Justice Commission.

    – ref. A test of political courage: Yoorrook’s final reports demand action, not amnesia – https://theconversation.com/a-test-of-political-courage-yoorrooks-final-reports-demand-action-not-amnesia-260580

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI: Capgemini to acquire WNS to create a global leader in Agentic AI-powered Intelligent Operations

    Source: GlobeNewswire (MIL-OSI)

    Media relations:
    Victoire Grux
    Tel.: +33 6 04 52 16 55
    victoire.grux@capgemini.com

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

    Capgemini to acquire WNS to create a global leader in Agentic AI-powered Intelligent Operations

    • Creation of a leader in Intelligent Operations to capture enterprise investment in Agentic AI to transform their end-to-end business processes
    • Acquisition of a leading player in Digital BPS (Business Process Services) to combine capabilities and scale to address the strategic opportunity driven by Agentic AI
    • Transaction immediately accretive to Capgemini’s revenue growth and operating margin
    • Expected accretion to Capgemini’s normalized EPS of 4% before synergies in 2026, and 7% post-synergies in 2027
    • Definitive transaction agreement entered into pursuant to which Capgemini will acquire WNS for a cash consideration of 76.50 USD per share
    • Transaction unanimously approved by the board of directors of both companies and expected to close by the end of the year

    Paris, July 7, 2025 – Capgemini (Euronext Paris: CAP), a global business and technology transformation partner, and WNS (NYSE: WNS), a leading digital-led business transformation and services company, today announced that they have entered into a definitive transaction agreement pursuant to which Capgemini will acquire WNS for a cash consideration of 76.50 USD per WNS share, which represents a premium of 28% to the last 90-day average1 share price, of 27% to the last 30-day average1 share price and a premium of 17% to the last closing share price on July 3, 2025. The total cash consideration will amount to $3.3 billion, excluding WNS net financial debt2. The transaction will be accretive to Capgemini’s normalized EPS by 4% before synergies in 2026 and 7% post synergies in 2027. The transaction has been unanimously approved by both Capgemini’s and WNS’ Boards of Directors.

    “Enterprises are rapidly adopting Generative AI and Agentic AI to transform their operations end-to-end. Business Process Services will be the showcase for Agentic AI. Capgemini’s acquisition of WNS will provide the Group with the scale and vertical sector expertise to capture that rapidly emerging strategic opportunity created by the paradigm shift from traditional BPS to Agentic AI-powered Intelligent Operations,” comments Aiman Ezzat, Chief Executive Officer of Capgemini. “Together we will create a leader in Intelligent Operations, uniquely positioned to support organizations in their AI-powered business process transformation, blending the critical capabilities needed from consulting, technology and platforms to deep process and industry expertise. This will address the client needs for Agentic AI-driven process transformation to deliver efficiency and agility through hyper-automation while achieving superior business outcomes.

    WNS brings to the Group its high growth, margin accretive and resilient Digital Business Process Services, which is the springboard to Intelligent Operations, while further increasing our exposure to the US market. Immediate cross-selling opportunities will be unlocked through the integration of our complementary offerings and clients. I am looking forward to welcoming the WNS global team to Capgemini.”

    “As a recognized leader in the Digital Business Process Services space, we see the next wave of transformation being driven by intelligent, domain-centric operations that unlock strategic value for our clients. Organizations that have already digitized are now seeking to reimagine their operating models by embedding AI at the core—shifting from automation to autonomy,” said Keshav R. Murugesh, Chief Executive Officer of WNS. “By combining our deep domain and process expertise with Capgemini’s global reach, cutting-edge Gen AI and Agentic AI capabilities, a robust partner ecosystem, and advanced technology platforms, we are creating a powerful proposition that accelerates enterprise reinvention. WNS’ complementary portfolio of horizontal and industry-specific solutions will significantly enhance Capgemini’s rapidly growing Business Services footprint, enabling next-generation, data-driven operations across sectors. Just as importantly, our shared values, cultural alignment, and complementary client relationships ensure a seamless integration—unlocking exciting opportunities for innovation, co-creation, and growth across all stakeholder groups.”

    “WNS and Capgemini share a bold, future-focused vision for Intelligent Operations. I’m confident that Capgemini is the ideal partner at the right time in WNS’ journey to extend our capabilities, accelerate innovation, and establish a leadership position in this rapidly evolving market,” said Timothy L. Main, Chairman of WNS Board of Directors. “This marks a pivotal chapter in WNS’ growth—enhancing the resilience and agility of our clients through advanced AI-driven solutions, creating sustained value for our investors, and opening up new avenues for our employees to thrive within a global technology powerhouse.”

    WNS, a leader in the resilient high-growth and margin accretive Digital BPS market

    WNS is a leading and trusted business transformation and services partner that uniquely blends deep industry knowledge with business process management, technology, analytics and AI expertise to create market differentiation for clients. With digital-led transformation solutions deployed to clients across 8 industries where it deploys its highly automated platforms to deliver stronger business outcomes, WNS is a leader in Digital Business Process Services (BPS). This operating model enables strategic engagements that are critical to clients’ daily operations materialized in long-term contracts with recurring revenues streams. Through an expanded ecosystem of partners and network of delivery centers, WNS serves a large portfolio of blue-chip clients, such as3 United Airlines, Aviva, M&T Bank, Centrica and McCain Foods.

    The high-quality business model of WNS, supported by non-linear pricing models and superior profitability has driven a c.+9% constant currency revenue growth on average over the last 3 fiscal years4, to reach $1,266 million of revenue5 in fiscal year 20254 with an 18.7%6 operating margin.

    Global organizations are in constant need of strategic partners to support their transformation to enhance efficiency and accelerate growth. This continues to be a key driver of the Digital BPS market and WNS targets revenue growth of +7% to +11% for FY2026.

    Immediate unlocking of value

    This transaction will position Capgemini as a leader in Digital BPS blending horizontal and vertical process expertise, with a global footprint. With combined revenues of €1.9 billion in 2024 in Digital BPS, this will strengthen Capgemini’s ability to accompany clients on their business and technology transformation journeys.

    The mix of WNS and Capgemini’s complementary offerings and clients will immediately unlock cross-selling opportunities. It will also lay down the foundations to build the capabilities to seize the Intelligent Operations strategic market opportunity.

    Intelligent Operations – Agentic AI creates a paradigm shift that opens a strategic opportunity

    The largest opportunity for global organizations to create value with Gen AI and Agentic AI lies in the fundamental redesign of their operations and business processes. It will attract a significant share of their AI investments as they seek to become AI-powered companies to lead their market. This is creating demand for a new type of business process services: Intelligent Operations.

    Intelligent Operations answers these business needs, providing a consulting-led approach to transform and operate horizontal and vertical business processes leveraging Gen AI and Agentic AI. It addresses clients’ goal of efficiency, speed and agility through process hyper-automation, while significantly improving business outcomes by combining data, AI and digital.

    AI technologies trigger a paradigm shift in delivering business process services: from labor-intensive services to being consulting-led and tech-driven. In parallel, client focus has shifted from efficiency gains toward end-to-end value creation and business outcomes, opening opportunities to add non-linear revenues (i.e. transaction-based, subscription-based or outcome-based models). This is creating a rapidly growing market opportunity.

    Combining the capabilities and scale required to lead in Intelligent Operations

    Both Capgemini and WNS are already pioneering Intelligent Operations. Capgemini with its consulting-led end-to-end transformation of processes, advanced AI tools and technology stacks, and BPS platforms, while WNS has developed a set of sector-specific AI-led solutions recently augmented by the acquisition of Kipi.ai7 to strengthen its data, analytics and AI capabilities.

    The combination of Capgemini and WNS will act as a catalyst to lead in Intelligent Operations providing the required scale and unique set of capabilities from Strategy & Transformation consulting, to horizontal and sector expertise, platform offerings to deep AI and technology capabilities.

    This combination will also leverage the significant investments made by Capgemini in AI through training, offers and its 25 strategic partnerships, including Microsoft, Google, AWS, Mistral AI and NVIDIA. The Group’s leadership is recognized by its clients, with over €900 million of Gen AI bookings in 2024, and by market analysts such as Forrester, IDC and ISG.

    This transaction will reinforce Capgemini as a business and transformation partner to those enterprises who want to become AI-powered businesses.

    Value creation

    Based on calendar year 2024 published information, the combined entities would have generated a revenue of €23.3 billion at a 13.6% operating margin6 in 2024.

    The Group expects accretion to normalized EPS, before synergies from the combination, of 4% in 2026.

    Capgemini expects revenue synergies run-rate of €100 million to €140 million by the end of 2027. Costs and operating model synergies are anticipated to reach an annual pretax run-rate of between €50 million and €70 million by the end of 2027.

    With the benefits of these synergies, the accretion on normalized earnings per share should reach 7% in 2027.

    Smooth integration

    WNS and Capgemini have a natural cultural fit and share common values that will facilitate a smooth integration of the teams, helped by the Group’s track record of successful integrations. Furthermore, the integration will be straightforward into Capgemini’s Global Business Services activities.

    Key transaction terms and timeline

    The contemplated transaction will be implemented by way of a Court-sanctioned scheme of arrangement under the laws of Jersey. The transaction has been unanimously approved by both Capgemini’s and WNS’ Boards of Directors.

    The transaction is subject to approval by the Royal Court of Jersey and WNS’ shareholders, as well as to receipt of customary regulatory approvals and other conditions. The closing of the transaction is expected to occur by the end of the year.

    Full details of the terms and conditions of the transaction are set out in the transaction agreement, which may be obtained, free of charge, on the SEC’s website (http://www.sec.gov) when available, and WNS’ website at https://www.WNS.com.

    Financing

    Capgemini has secured a bridge financing of €4.0 billion, covering the purchase of securities ($3.3 billion), as well as the gross debt and similar obligations8 of around $0.4 billion and the €0.8 billion Capgemini bond redeemed in June 2025.

    The Group plans to refinance the bridge with available cash for around €1.0 billion and the balance by debt issuance.

    Q2 and H1 2025 performance

    The Group expects Q2 2025 year-on-year growth at constant currency to be slightly better than the -0.4% reported in Q1 2025. The Group also expects for H1 2025 the operating margin to be stable year-on-year at 12.4%.

    Due to the nature and timing of this announcement, the actual Q2 and H1 2025 performance may slightly differ from the above-mentioned expectations. H1 2025 publication will take place as planned on July 30, 2025.

    Outlook

    Capgemini’s financial targets for 2025 do not take into account this transaction and are therefore unchanged:

    • Revenue growth of -2.0% to +2.0% at constant currency;
    • Operating margin of 13.3% to 13.5%;
    • Organic free cash flow of around €1.9 billion.

    Conference call

    Aiman Ezzat, Chief Executive Officer, accompanied by Nive Bhagat, Chief Financial Officer, will comment on this announcement during two audio webcasts (in English only) to be held today:

    • at 8.00 a.m. Paris time (CET)
      • for “listen-only” participants: https://edge.media-server.com/mmc/p/npdpfjyy
        • for investors and financial analysts who wish to take part in the Q&A session, please pre-register on the following link to receive the dial-in information
    • and at 3.00 p.m. Paris time (CET)
      • for “listen-only” participants: https://edge.media-server.com/mmc/p/y5nk6iup
        • for investors and financial analysts who wish to take part in the Q&A session, please pre-register on the following link to receive the dial-in information

    Replays of both calls will be available, from the same links, shortly after the event and for a period of one year.

    All documents relating to this publication will be posted on the Capgemini investor website at https://investors.capgemini.com/en/.

    IMPORTANT NOTICE

    This announcement is for information purposes only and is not intended to and does not constitute or form part of, an offer, invitation or the solicitation of an offer to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of any securities or the solicitation of any vote or approval in any jurisdiction in contravention of applicable law. In connection with the Transaction, WNS will provide to its shareholders and file with the U.S. Securities and Exchange Commission (the “SEC”) a circular relating to the Transaction (the “scheme document”) and may also file other documents with the SEC.

    The scheme document will contain the full terms and conditions of the Transaction, including details with respect to the WNS shareholder vote in respect of the Transaction and will be sent or otherwise disseminated to WNS’ shareholders and will contain important information about the Transaction and related matters. Any decision in respect of, or other response to, the Transaction should be made only on the basis of the information contained in the scheme document.

    SHAREHOLDERS OF WNS ARE ADVISED TO READ THE SCHEME DOCUMENT AND OTHER RELEVANT DOCUMENTS FILED WITH THE SEC WHEN THEY BECOME AVAILABLE, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE TRANSACTION.

    The scheme document and other relevant documents may be obtained, free of charge, on the SEC’s website (http://www.sec.gov), when available. WNS’ shareholders may obtain free copies of the scheme document once it is available from WNS by going to WNS’ website at https://www.wns.com.

    PARTICIPANTS IN THE SOLICITATION

    Capgemini, WNS and certain of their respective directors and officers may be deemed participants in the solicitation of proxies of WNS’ shareholders in connection with the Transaction. Additional information regarding the foregoing persons, including their direct and indirect interests, by security holdings or otherwise, will be set forth in the scheme document and other relevant documents to be filed with the SEC. WNS’ shareholders and other interested persons may obtain, without charge, more detailed information regarding the directors and officers of WNS in WNS’ periodic reports filed with the SEC available on WNS’ website at https://www.wns.com, and regarding the directors and officers of Capgemini in Capgemini’s most recent Universal Registration Document (Document d’Enregistrement Universel) available on Capgemini’s website (https://www.capgemini.com/us-en/).

    FORWARD LOOKING STATEMENTS

    Certain information in this announcement, as well as oral statements made regarding the Transaction, and other information published by WNS, Capgemini or any member of the Capgemini Group contain statements which are, or may be deemed to be “forward-looking statements”, including, but not limited to, the acceleration of Capgemini and WNS’ growth and the value-additive nature of the Transaction for Capgemini shareholders. The words “anticipates”, “expects”, “believes”, “intends, “estimates”, “plans”, “projects”, “may”, “would”, “will”, “should”, “continue”, or the negative of these terms and similar expressions are intended to identify forward-looking statements. Such forward looking statements are prospective in nature and are not based on historical facts, but rather on current expectations and on numerous assumptions regarding the business strategies and the environment in which Capgemini, any member of the Capgemini Group, including WNS and its subsidiaries following the Transaction (“Post-Transaction Group”) shall operate in the future and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by those statements. The forward looking statements contained in this announcement relate to Capgemini, any member of the Capgemini Group or the Post-Transaction Group’s future prospects, developments and business strategies, the expected timing and scope of the Transaction and other statements other than historical facts. For a discussion of some of the risks and important factors that could affect such forward-looking statements, please refer, without limitations, to the risks identified in Capgemini’s most recent Universal Registration Document (Document d’Enregistrement Universel) available on Capgemini’s website (https://www.capgemini.com/us-en/). Factors which could have a material adverse effect on the Company’s operations and future prospects include, but are not limited to, the following risks relating to the Transaction, including in respect of the satisfaction of closing conditions to the Transaction on a timely basis or at all, including the ability to obtain required regulatory approvals and the required scheme shareholder approval; unanticipated difficulties and/or expenditures relating to the Transaction and any related financing; uncertainties as to the timing of the Transaction; litigation relating to, or other challenges to, the Transaction; the impact of the Transaction on each company’s business operations (including the threatened or actual loss of employees, clients or suppliers); the inability to obtain, or delays in obtaining cost savings and synergies from the Transaction; incurrence of unexpected costs and expenses in connection with the Transaction; risks related to changes in the financial, equity and debt markets; and risks related to political, economic and market conditions. In addition, the risks to which WNS’ business is subject, including those risks described in WNS’ periodic reports filed with the SEC, could adversely affect the Transaction and, following the completion of the Transaction, the Company’s operations and future prospects. New risks and uncertainties emerge from time to time, and it is not possible for Capgemini and WNS to predict or assess the impact of every factor that may cause actual results to differ from those contained in any forward-looking statements.

    Specifically, statements of estimated cost savings and synergies relate to future actions and circumstances which, by their nature involve, risks, uncertainties and contingencies. As a result, the cost savings and synergies referred to may not be achieved, may be achieved later or sooner than estimated, or those achieved could be materially different from those estimated. Due to the scale of the Post-Transaction Group, there may be additional changes to the Post-Transaction Group’s operations. As a result, and given the fact that the changes relate to the future, the resulting cost synergies may be materially greater or less than those estimated.

    Forward-looking statements contained herein are only based upon currently available information and speak only as of the date of this announcement, and Capgemini expressly disclaims any obligation to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in Capgemini’s expectations with regard thereto or change in events, conditions or circumstances on which any statement is based.

    Past performance is not a reliable indicator of future results and should not be relied upon for any reason.

    The anticipated financial impact of the acquisition of WNS and any references to future financial performance should not be viewed as management guidance. Actual results may differ from the statements set forth herein and such differences may be material.

    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

    ABOUT WNS

    WNS is a digital-led business transformation and services company. WNS combines deep domain expertise with talent, technology, and AI to co-create innovative solutions for over 600 clients across various industries. WNS delivers an entire spectrum of solutions including industry-specific offerings, customer experience services, finance and accounting, human resources, procurement, and research and analytics to re-imagine the digital future of businesses. As of March 31, 2025, WNS had 64,505 professionals across 64 delivery centers worldwide including facilities in Canada, China, Costa Rica, India, Malaysia, the Philippines, Poland, Romania, South Africa, Sri Lanka, Turkey, the United Kingdom, and the United States.

    For more information, visit www.wns.com

    1 Volume-weighted average
    2 Net financial debt of WNS was negligible as at March 31, 2025
    3 Clients of WNS based on public domain information
    4 WNS fiscal year ends March 31. Last 3 fiscal years end March 2025.
    5 Revenue represents revenue less repair payments
    6 WNS “Adjusted operating profit” restated to expense amortization of intangible assets (software) above operating margin to conform to Capgemini’s definition of operating margin.
    7 See https://ir.wns.com/news-releases/news-release-details/wns-acquires-kipiai-expand-data-analytics-ai-capabilities
    8 Including considerations to be paid in connection with Restricted Share Units

    Attachment

    The MIL Network –

  • MIL-OSI: Capgemini to acquire WNS to create a global leader in Agentic AI-powered Intelligent Operations

    Source: GlobeNewswire (MIL-OSI)

    Media relations:
    Victoire Grux
    Tel.: +33 6 04 52 16 55
    victoire.grux@capgemini.com

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

    Capgemini to acquire WNS to create a global leader in Agentic AI-powered Intelligent Operations

    • Creation of a leader in Intelligent Operations to capture enterprise investment in Agentic AI to transform their end-to-end business processes
    • Acquisition of a leading player in Digital BPS (Business Process Services) to combine capabilities and scale to address the strategic opportunity driven by Agentic AI
    • Transaction immediately accretive to Capgemini’s revenue growth and operating margin
    • Expected accretion to Capgemini’s normalized EPS of 4% before synergies in 2026, and 7% post-synergies in 2027
    • Definitive transaction agreement entered into pursuant to which Capgemini will acquire WNS for a cash consideration of 76.50 USD per share
    • Transaction unanimously approved by the board of directors of both companies and expected to close by the end of the year

    Paris, July 7, 2025 – Capgemini (Euronext Paris: CAP), a global business and technology transformation partner, and WNS (NYSE: WNS), a leading digital-led business transformation and services company, today announced that they have entered into a definitive transaction agreement pursuant to which Capgemini will acquire WNS for a cash consideration of 76.50 USD per WNS share, which represents a premium of 28% to the last 90-day average1 share price, of 27% to the last 30-day average1 share price and a premium of 17% to the last closing share price on July 3, 2025. The total cash consideration will amount to $3.3 billion, excluding WNS net financial debt2. The transaction will be accretive to Capgemini’s normalized EPS by 4% before synergies in 2026 and 7% post synergies in 2027. The transaction has been unanimously approved by both Capgemini’s and WNS’ Boards of Directors.

    “Enterprises are rapidly adopting Generative AI and Agentic AI to transform their operations end-to-end. Business Process Services will be the showcase for Agentic AI. Capgemini’s acquisition of WNS will provide the Group with the scale and vertical sector expertise to capture that rapidly emerging strategic opportunity created by the paradigm shift from traditional BPS to Agentic AI-powered Intelligent Operations,” comments Aiman Ezzat, Chief Executive Officer of Capgemini. “Together we will create a leader in Intelligent Operations, uniquely positioned to support organizations in their AI-powered business process transformation, blending the critical capabilities needed from consulting, technology and platforms to deep process and industry expertise. This will address the client needs for Agentic AI-driven process transformation to deliver efficiency and agility through hyper-automation while achieving superior business outcomes.

    WNS brings to the Group its high growth, margin accretive and resilient Digital Business Process Services, which is the springboard to Intelligent Operations, while further increasing our exposure to the US market. Immediate cross-selling opportunities will be unlocked through the integration of our complementary offerings and clients. I am looking forward to welcoming the WNS global team to Capgemini.”

    “As a recognized leader in the Digital Business Process Services space, we see the next wave of transformation being driven by intelligent, domain-centric operations that unlock strategic value for our clients. Organizations that have already digitized are now seeking to reimagine their operating models by embedding AI at the core—shifting from automation to autonomy,” said Keshav R. Murugesh, Chief Executive Officer of WNS. “By combining our deep domain and process expertise with Capgemini’s global reach, cutting-edge Gen AI and Agentic AI capabilities, a robust partner ecosystem, and advanced technology platforms, we are creating a powerful proposition that accelerates enterprise reinvention. WNS’ complementary portfolio of horizontal and industry-specific solutions will significantly enhance Capgemini’s rapidly growing Business Services footprint, enabling next-generation, data-driven operations across sectors. Just as importantly, our shared values, cultural alignment, and complementary client relationships ensure a seamless integration—unlocking exciting opportunities for innovation, co-creation, and growth across all stakeholder groups.”

    “WNS and Capgemini share a bold, future-focused vision for Intelligent Operations. I’m confident that Capgemini is the ideal partner at the right time in WNS’ journey to extend our capabilities, accelerate innovation, and establish a leadership position in this rapidly evolving market,” said Timothy L. Main, Chairman of WNS Board of Directors. “This marks a pivotal chapter in WNS’ growth—enhancing the resilience and agility of our clients through advanced AI-driven solutions, creating sustained value for our investors, and opening up new avenues for our employees to thrive within a global technology powerhouse.”

    WNS, a leader in the resilient high-growth and margin accretive Digital BPS market

    WNS is a leading and trusted business transformation and services partner that uniquely blends deep industry knowledge with business process management, technology, analytics and AI expertise to create market differentiation for clients. With digital-led transformation solutions deployed to clients across 8 industries where it deploys its highly automated platforms to deliver stronger business outcomes, WNS is a leader in Digital Business Process Services (BPS). This operating model enables strategic engagements that are critical to clients’ daily operations materialized in long-term contracts with recurring revenues streams. Through an expanded ecosystem of partners and network of delivery centers, WNS serves a large portfolio of blue-chip clients, such as3 United Airlines, Aviva, M&T Bank, Centrica and McCain Foods.

    The high-quality business model of WNS, supported by non-linear pricing models and superior profitability has driven a c.+9% constant currency revenue growth on average over the last 3 fiscal years4, to reach $1,266 million of revenue5 in fiscal year 20254 with an 18.7%6 operating margin.

    Global organizations are in constant need of strategic partners to support their transformation to enhance efficiency and accelerate growth. This continues to be a key driver of the Digital BPS market and WNS targets revenue growth of +7% to +11% for FY2026.

    Immediate unlocking of value

    This transaction will position Capgemini as a leader in Digital BPS blending horizontal and vertical process expertise, with a global footprint. With combined revenues of €1.9 billion in 2024 in Digital BPS, this will strengthen Capgemini’s ability to accompany clients on their business and technology transformation journeys.

    The mix of WNS and Capgemini’s complementary offerings and clients will immediately unlock cross-selling opportunities. It will also lay down the foundations to build the capabilities to seize the Intelligent Operations strategic market opportunity.

    Intelligent Operations – Agentic AI creates a paradigm shift that opens a strategic opportunity

    The largest opportunity for global organizations to create value with Gen AI and Agentic AI lies in the fundamental redesign of their operations and business processes. It will attract a significant share of their AI investments as they seek to become AI-powered companies to lead their market. This is creating demand for a new type of business process services: Intelligent Operations.

    Intelligent Operations answers these business needs, providing a consulting-led approach to transform and operate horizontal and vertical business processes leveraging Gen AI and Agentic AI. It addresses clients’ goal of efficiency, speed and agility through process hyper-automation, while significantly improving business outcomes by combining data, AI and digital.

    AI technologies trigger a paradigm shift in delivering business process services: from labor-intensive services to being consulting-led and tech-driven. In parallel, client focus has shifted from efficiency gains toward end-to-end value creation and business outcomes, opening opportunities to add non-linear revenues (i.e. transaction-based, subscription-based or outcome-based models). This is creating a rapidly growing market opportunity.

    Combining the capabilities and scale required to lead in Intelligent Operations

    Both Capgemini and WNS are already pioneering Intelligent Operations. Capgemini with its consulting-led end-to-end transformation of processes, advanced AI tools and technology stacks, and BPS platforms, while WNS has developed a set of sector-specific AI-led solutions recently augmented by the acquisition of Kipi.ai7 to strengthen its data, analytics and AI capabilities.

    The combination of Capgemini and WNS will act as a catalyst to lead in Intelligent Operations providing the required scale and unique set of capabilities from Strategy & Transformation consulting, to horizontal and sector expertise, platform offerings to deep AI and technology capabilities.

    This combination will also leverage the significant investments made by Capgemini in AI through training, offers and its 25 strategic partnerships, including Microsoft, Google, AWS, Mistral AI and NVIDIA. The Group’s leadership is recognized by its clients, with over €900 million of Gen AI bookings in 2024, and by market analysts such as Forrester, IDC and ISG.

    This transaction will reinforce Capgemini as a business and transformation partner to those enterprises who want to become AI-powered businesses.

    Value creation

    Based on calendar year 2024 published information, the combined entities would have generated a revenue of €23.3 billion at a 13.6% operating margin6 in 2024.

    The Group expects accretion to normalized EPS, before synergies from the combination, of 4% in 2026.

    Capgemini expects revenue synergies run-rate of €100 million to €140 million by the end of 2027. Costs and operating model synergies are anticipated to reach an annual pretax run-rate of between €50 million and €70 million by the end of 2027.

    With the benefits of these synergies, the accretion on normalized earnings per share should reach 7% in 2027.

    Smooth integration

    WNS and Capgemini have a natural cultural fit and share common values that will facilitate a smooth integration of the teams, helped by the Group’s track record of successful integrations. Furthermore, the integration will be straightforward into Capgemini’s Global Business Services activities.

    Key transaction terms and timeline

    The contemplated transaction will be implemented by way of a Court-sanctioned scheme of arrangement under the laws of Jersey. The transaction has been unanimously approved by both Capgemini’s and WNS’ Boards of Directors.

    The transaction is subject to approval by the Royal Court of Jersey and WNS’ shareholders, as well as to receipt of customary regulatory approvals and other conditions. The closing of the transaction is expected to occur by the end of the year.

    Full details of the terms and conditions of the transaction are set out in the transaction agreement, which may be obtained, free of charge, on the SEC’s website (http://www.sec.gov) when available, and WNS’ website at https://www.WNS.com.

    Financing

    Capgemini has secured a bridge financing of €4.0 billion, covering the purchase of securities ($3.3 billion), as well as the gross debt and similar obligations8 of around $0.4 billion and the €0.8 billion Capgemini bond redeemed in June 2025.

    The Group plans to refinance the bridge with available cash for around €1.0 billion and the balance by debt issuance.

    Q2 and H1 2025 performance

    The Group expects Q2 2025 year-on-year growth at constant currency to be slightly better than the -0.4% reported in Q1 2025. The Group also expects for H1 2025 the operating margin to be stable year-on-year at 12.4%.

    Due to the nature and timing of this announcement, the actual Q2 and H1 2025 performance may slightly differ from the above-mentioned expectations. H1 2025 publication will take place as planned on July 30, 2025.

    Outlook

    Capgemini’s financial targets for 2025 do not take into account this transaction and are therefore unchanged:

    • Revenue growth of -2.0% to +2.0% at constant currency;
    • Operating margin of 13.3% to 13.5%;
    • Organic free cash flow of around €1.9 billion.

    Conference call

    Aiman Ezzat, Chief Executive Officer, accompanied by Nive Bhagat, Chief Financial Officer, will comment on this announcement during two audio webcasts (in English only) to be held today:

    • at 8.00 a.m. Paris time (CET)
      • for “listen-only” participants: https://edge.media-server.com/mmc/p/npdpfjyy
        • for investors and financial analysts who wish to take part in the Q&A session, please pre-register on the following link to receive the dial-in information
    • and at 3.00 p.m. Paris time (CET)
      • for “listen-only” participants: https://edge.media-server.com/mmc/p/y5nk6iup
        • for investors and financial analysts who wish to take part in the Q&A session, please pre-register on the following link to receive the dial-in information

    Replays of both calls will be available, from the same links, shortly after the event and for a period of one year.

    All documents relating to this publication will be posted on the Capgemini investor website at https://investors.capgemini.com/en/.

    IMPORTANT NOTICE

    This announcement is for information purposes only and is not intended to and does not constitute or form part of, an offer, invitation or the solicitation of an offer to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of any securities or the solicitation of any vote or approval in any jurisdiction in contravention of applicable law. In connection with the Transaction, WNS will provide to its shareholders and file with the U.S. Securities and Exchange Commission (the “SEC”) a circular relating to the Transaction (the “scheme document”) and may also file other documents with the SEC.

    The scheme document will contain the full terms and conditions of the Transaction, including details with respect to the WNS shareholder vote in respect of the Transaction and will be sent or otherwise disseminated to WNS’ shareholders and will contain important information about the Transaction and related matters. Any decision in respect of, or other response to, the Transaction should be made only on the basis of the information contained in the scheme document.

    SHAREHOLDERS OF WNS ARE ADVISED TO READ THE SCHEME DOCUMENT AND OTHER RELEVANT DOCUMENTS FILED WITH THE SEC WHEN THEY BECOME AVAILABLE, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE TRANSACTION.

    The scheme document and other relevant documents may be obtained, free of charge, on the SEC’s website (http://www.sec.gov), when available. WNS’ shareholders may obtain free copies of the scheme document once it is available from WNS by going to WNS’ website at https://www.wns.com.

    PARTICIPANTS IN THE SOLICITATION

    Capgemini, WNS and certain of their respective directors and officers may be deemed participants in the solicitation of proxies of WNS’ shareholders in connection with the Transaction. Additional information regarding the foregoing persons, including their direct and indirect interests, by security holdings or otherwise, will be set forth in the scheme document and other relevant documents to be filed with the SEC. WNS’ shareholders and other interested persons may obtain, without charge, more detailed information regarding the directors and officers of WNS in WNS’ periodic reports filed with the SEC available on WNS’ website at https://www.wns.com, and regarding the directors and officers of Capgemini in Capgemini’s most recent Universal Registration Document (Document d’Enregistrement Universel) available on Capgemini’s website (https://www.capgemini.com/us-en/).

    FORWARD LOOKING STATEMENTS

    Certain information in this announcement, as well as oral statements made regarding the Transaction, and other information published by WNS, Capgemini or any member of the Capgemini Group contain statements which are, or may be deemed to be “forward-looking statements”, including, but not limited to, the acceleration of Capgemini and WNS’ growth and the value-additive nature of the Transaction for Capgemini shareholders. The words “anticipates”, “expects”, “believes”, “intends, “estimates”, “plans”, “projects”, “may”, “would”, “will”, “should”, “continue”, or the negative of these terms and similar expressions are intended to identify forward-looking statements. Such forward looking statements are prospective in nature and are not based on historical facts, but rather on current expectations and on numerous assumptions regarding the business strategies and the environment in which Capgemini, any member of the Capgemini Group, including WNS and its subsidiaries following the Transaction (“Post-Transaction Group”) shall operate in the future and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by those statements. The forward looking statements contained in this announcement relate to Capgemini, any member of the Capgemini Group or the Post-Transaction Group’s future prospects, developments and business strategies, the expected timing and scope of the Transaction and other statements other than historical facts. For a discussion of some of the risks and important factors that could affect such forward-looking statements, please refer, without limitations, to the risks identified in Capgemini’s most recent Universal Registration Document (Document d’Enregistrement Universel) available on Capgemini’s website (https://www.capgemini.com/us-en/). Factors which could have a material adverse effect on the Company’s operations and future prospects include, but are not limited to, the following risks relating to the Transaction, including in respect of the satisfaction of closing conditions to the Transaction on a timely basis or at all, including the ability to obtain required regulatory approvals and the required scheme shareholder approval; unanticipated difficulties and/or expenditures relating to the Transaction and any related financing; uncertainties as to the timing of the Transaction; litigation relating to, or other challenges to, the Transaction; the impact of the Transaction on each company’s business operations (including the threatened or actual loss of employees, clients or suppliers); the inability to obtain, or delays in obtaining cost savings and synergies from the Transaction; incurrence of unexpected costs and expenses in connection with the Transaction; risks related to changes in the financial, equity and debt markets; and risks related to political, economic and market conditions. In addition, the risks to which WNS’ business is subject, including those risks described in WNS’ periodic reports filed with the SEC, could adversely affect the Transaction and, following the completion of the Transaction, the Company’s operations and future prospects. New risks and uncertainties emerge from time to time, and it is not possible for Capgemini and WNS to predict or assess the impact of every factor that may cause actual results to differ from those contained in any forward-looking statements.

    Specifically, statements of estimated cost savings and synergies relate to future actions and circumstances which, by their nature involve, risks, uncertainties and contingencies. As a result, the cost savings and synergies referred to may not be achieved, may be achieved later or sooner than estimated, or those achieved could be materially different from those estimated. Due to the scale of the Post-Transaction Group, there may be additional changes to the Post-Transaction Group’s operations. As a result, and given the fact that the changes relate to the future, the resulting cost synergies may be materially greater or less than those estimated.

    Forward-looking statements contained herein are only based upon currently available information and speak only as of the date of this announcement, and Capgemini expressly disclaims any obligation to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in Capgemini’s expectations with regard thereto or change in events, conditions or circumstances on which any statement is based.

    Past performance is not a reliable indicator of future results and should not be relied upon for any reason.

    The anticipated financial impact of the acquisition of WNS and any references to future financial performance should not be viewed as management guidance. Actual results may differ from the statements set forth herein and such differences may be material.

    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

    ABOUT WNS

    WNS is a digital-led business transformation and services company. WNS combines deep domain expertise with talent, technology, and AI to co-create innovative solutions for over 600 clients across various industries. WNS delivers an entire spectrum of solutions including industry-specific offerings, customer experience services, finance and accounting, human resources, procurement, and research and analytics to re-imagine the digital future of businesses. As of March 31, 2025, WNS had 64,505 professionals across 64 delivery centers worldwide including facilities in Canada, China, Costa Rica, India, Malaysia, the Philippines, Poland, Romania, South Africa, Sri Lanka, Turkey, the United Kingdom, and the United States.

    For more information, visit www.wns.com

    1 Volume-weighted average
    2 Net financial debt of WNS was negligible as at March 31, 2025
    3 Clients of WNS based on public domain information
    4 WNS fiscal year ends March 31. Last 3 fiscal years end March 2025.
    5 Revenue represents revenue less repair payments
    6 WNS “Adjusted operating profit” restated to expense amortization of intangible assets (software) above operating margin to conform to Capgemini’s definition of operating margin.
    7 See https://ir.wns.com/news-releases/news-release-details/wns-acquires-kipiai-expand-data-analytics-ai-capabilities
    8 Including considerations to be paid in connection with Restricted Share Units

    Attachment

    The MIL Network –

  • MIL-OSI: Capgemini to acquire WNS to create a global leader in Agentic AI-powered Intelligent Operations

    Source: GlobeNewswire (MIL-OSI)

    Media relations:
    Victoire Grux
    Tel.: +33 6 04 52 16 55
    victoire.grux@capgemini.com

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

    Capgemini to acquire WNS to create a global leader in Agentic AI-powered Intelligent Operations

    • Creation of a leader in Intelligent Operations to capture enterprise investment in Agentic AI to transform their end-to-end business processes
    • Acquisition of a leading player in Digital BPS (Business Process Services) to combine capabilities and scale to address the strategic opportunity driven by Agentic AI
    • Transaction immediately accretive to Capgemini’s revenue growth and operating margin
    • Expected accretion to Capgemini’s normalized EPS of 4% before synergies in 2026, and 7% post-synergies in 2027
    • Definitive transaction agreement entered into pursuant to which Capgemini will acquire WNS for a cash consideration of 76.50 USD per share
    • Transaction unanimously approved by the board of directors of both companies and expected to close by the end of the year

    Paris, July 7, 2025 – Capgemini (Euronext Paris: CAP), a global business and technology transformation partner, and WNS (NYSE: WNS), a leading digital-led business transformation and services company, today announced that they have entered into a definitive transaction agreement pursuant to which Capgemini will acquire WNS for a cash consideration of 76.50 USD per WNS share, which represents a premium of 28% to the last 90-day average1 share price, of 27% to the last 30-day average1 share price and a premium of 17% to the last closing share price on July 3, 2025. The total cash consideration will amount to $3.3 billion, excluding WNS net financial debt2. The transaction will be accretive to Capgemini’s normalized EPS by 4% before synergies in 2026 and 7% post synergies in 2027. The transaction has been unanimously approved by both Capgemini’s and WNS’ Boards of Directors.

    “Enterprises are rapidly adopting Generative AI and Agentic AI to transform their operations end-to-end. Business Process Services will be the showcase for Agentic AI. Capgemini’s acquisition of WNS will provide the Group with the scale and vertical sector expertise to capture that rapidly emerging strategic opportunity created by the paradigm shift from traditional BPS to Agentic AI-powered Intelligent Operations,” comments Aiman Ezzat, Chief Executive Officer of Capgemini. “Together we will create a leader in Intelligent Operations, uniquely positioned to support organizations in their AI-powered business process transformation, blending the critical capabilities needed from consulting, technology and platforms to deep process and industry expertise. This will address the client needs for Agentic AI-driven process transformation to deliver efficiency and agility through hyper-automation while achieving superior business outcomes.

    WNS brings to the Group its high growth, margin accretive and resilient Digital Business Process Services, which is the springboard to Intelligent Operations, while further increasing our exposure to the US market. Immediate cross-selling opportunities will be unlocked through the integration of our complementary offerings and clients. I am looking forward to welcoming the WNS global team to Capgemini.”

    “As a recognized leader in the Digital Business Process Services space, we see the next wave of transformation being driven by intelligent, domain-centric operations that unlock strategic value for our clients. Organizations that have already digitized are now seeking to reimagine their operating models by embedding AI at the core—shifting from automation to autonomy,” said Keshav R. Murugesh, Chief Executive Officer of WNS. “By combining our deep domain and process expertise with Capgemini’s global reach, cutting-edge Gen AI and Agentic AI capabilities, a robust partner ecosystem, and advanced technology platforms, we are creating a powerful proposition that accelerates enterprise reinvention. WNS’ complementary portfolio of horizontal and industry-specific solutions will significantly enhance Capgemini’s rapidly growing Business Services footprint, enabling next-generation, data-driven operations across sectors. Just as importantly, our shared values, cultural alignment, and complementary client relationships ensure a seamless integration—unlocking exciting opportunities for innovation, co-creation, and growth across all stakeholder groups.”

    “WNS and Capgemini share a bold, future-focused vision for Intelligent Operations. I’m confident that Capgemini is the ideal partner at the right time in WNS’ journey to extend our capabilities, accelerate innovation, and establish a leadership position in this rapidly evolving market,” said Timothy L. Main, Chairman of WNS Board of Directors. “This marks a pivotal chapter in WNS’ growth—enhancing the resilience and agility of our clients through advanced AI-driven solutions, creating sustained value for our investors, and opening up new avenues for our employees to thrive within a global technology powerhouse.”

    WNS, a leader in the resilient high-growth and margin accretive Digital BPS market

    WNS is a leading and trusted business transformation and services partner that uniquely blends deep industry knowledge with business process management, technology, analytics and AI expertise to create market differentiation for clients. With digital-led transformation solutions deployed to clients across 8 industries where it deploys its highly automated platforms to deliver stronger business outcomes, WNS is a leader in Digital Business Process Services (BPS). This operating model enables strategic engagements that are critical to clients’ daily operations materialized in long-term contracts with recurring revenues streams. Through an expanded ecosystem of partners and network of delivery centers, WNS serves a large portfolio of blue-chip clients, such as3 United Airlines, Aviva, M&T Bank, Centrica and McCain Foods.

    The high-quality business model of WNS, supported by non-linear pricing models and superior profitability has driven a c.+9% constant currency revenue growth on average over the last 3 fiscal years4, to reach $1,266 million of revenue5 in fiscal year 20254 with an 18.7%6 operating margin.

    Global organizations are in constant need of strategic partners to support their transformation to enhance efficiency and accelerate growth. This continues to be a key driver of the Digital BPS market and WNS targets revenue growth of +7% to +11% for FY2026.

    Immediate unlocking of value

    This transaction will position Capgemini as a leader in Digital BPS blending horizontal and vertical process expertise, with a global footprint. With combined revenues of €1.9 billion in 2024 in Digital BPS, this will strengthen Capgemini’s ability to accompany clients on their business and technology transformation journeys.

    The mix of WNS and Capgemini’s complementary offerings and clients will immediately unlock cross-selling opportunities. It will also lay down the foundations to build the capabilities to seize the Intelligent Operations strategic market opportunity.

    Intelligent Operations – Agentic AI creates a paradigm shift that opens a strategic opportunity

    The largest opportunity for global organizations to create value with Gen AI and Agentic AI lies in the fundamental redesign of their operations and business processes. It will attract a significant share of their AI investments as they seek to become AI-powered companies to lead their market. This is creating demand for a new type of business process services: Intelligent Operations.

    Intelligent Operations answers these business needs, providing a consulting-led approach to transform and operate horizontal and vertical business processes leveraging Gen AI and Agentic AI. It addresses clients’ goal of efficiency, speed and agility through process hyper-automation, while significantly improving business outcomes by combining data, AI and digital.

    AI technologies trigger a paradigm shift in delivering business process services: from labor-intensive services to being consulting-led and tech-driven. In parallel, client focus has shifted from efficiency gains toward end-to-end value creation and business outcomes, opening opportunities to add non-linear revenues (i.e. transaction-based, subscription-based or outcome-based models). This is creating a rapidly growing market opportunity.

    Combining the capabilities and scale required to lead in Intelligent Operations

    Both Capgemini and WNS are already pioneering Intelligent Operations. Capgemini with its consulting-led end-to-end transformation of processes, advanced AI tools and technology stacks, and BPS platforms, while WNS has developed a set of sector-specific AI-led solutions recently augmented by the acquisition of Kipi.ai7 to strengthen its data, analytics and AI capabilities.

    The combination of Capgemini and WNS will act as a catalyst to lead in Intelligent Operations providing the required scale and unique set of capabilities from Strategy & Transformation consulting, to horizontal and sector expertise, platform offerings to deep AI and technology capabilities.

    This combination will also leverage the significant investments made by Capgemini in AI through training, offers and its 25 strategic partnerships, including Microsoft, Google, AWS, Mistral AI and NVIDIA. The Group’s leadership is recognized by its clients, with over €900 million of Gen AI bookings in 2024, and by market analysts such as Forrester, IDC and ISG.

    This transaction will reinforce Capgemini as a business and transformation partner to those enterprises who want to become AI-powered businesses.

    Value creation

    Based on calendar year 2024 published information, the combined entities would have generated a revenue of €23.3 billion at a 13.6% operating margin6 in 2024.

    The Group expects accretion to normalized EPS, before synergies from the combination, of 4% in 2026.

    Capgemini expects revenue synergies run-rate of €100 million to €140 million by the end of 2027. Costs and operating model synergies are anticipated to reach an annual pretax run-rate of between €50 million and €70 million by the end of 2027.

    With the benefits of these synergies, the accretion on normalized earnings per share should reach 7% in 2027.

    Smooth integration

    WNS and Capgemini have a natural cultural fit and share common values that will facilitate a smooth integration of the teams, helped by the Group’s track record of successful integrations. Furthermore, the integration will be straightforward into Capgemini’s Global Business Services activities.

    Key transaction terms and timeline

    The contemplated transaction will be implemented by way of a Court-sanctioned scheme of arrangement under the laws of Jersey. The transaction has been unanimously approved by both Capgemini’s and WNS’ Boards of Directors.

    The transaction is subject to approval by the Royal Court of Jersey and WNS’ shareholders, as well as to receipt of customary regulatory approvals and other conditions. The closing of the transaction is expected to occur by the end of the year.

    Full details of the terms and conditions of the transaction are set out in the transaction agreement, which may be obtained, free of charge, on the SEC’s website (http://www.sec.gov) when available, and WNS’ website at https://www.WNS.com.

    Financing

    Capgemini has secured a bridge financing of €4.0 billion, covering the purchase of securities ($3.3 billion), as well as the gross debt and similar obligations8 of around $0.4 billion and the €0.8 billion Capgemini bond redeemed in June 2025.

    The Group plans to refinance the bridge with available cash for around €1.0 billion and the balance by debt issuance.

    Q2 and H1 2025 performance

    The Group expects Q2 2025 year-on-year growth at constant currency to be slightly better than the -0.4% reported in Q1 2025. The Group also expects for H1 2025 the operating margin to be stable year-on-year at 12.4%.

    Due to the nature and timing of this announcement, the actual Q2 and H1 2025 performance may slightly differ from the above-mentioned expectations. H1 2025 publication will take place as planned on July 30, 2025.

    Outlook

    Capgemini’s financial targets for 2025 do not take into account this transaction and are therefore unchanged:

    • Revenue growth of -2.0% to +2.0% at constant currency;
    • Operating margin of 13.3% to 13.5%;
    • Organic free cash flow of around €1.9 billion.

    Conference call

    Aiman Ezzat, Chief Executive Officer, accompanied by Nive Bhagat, Chief Financial Officer, will comment on this announcement during two audio webcasts (in English only) to be held today:

    • at 8.00 a.m. Paris time (CET)
      • for “listen-only” participants: https://edge.media-server.com/mmc/p/npdpfjyy
        • for investors and financial analysts who wish to take part in the Q&A session, please pre-register on the following link to receive the dial-in information
    • and at 3.00 p.m. Paris time (CET)
      • for “listen-only” participants: https://edge.media-server.com/mmc/p/y5nk6iup
        • for investors and financial analysts who wish to take part in the Q&A session, please pre-register on the following link to receive the dial-in information

    Replays of both calls will be available, from the same links, shortly after the event and for a period of one year.

    All documents relating to this publication will be posted on the Capgemini investor website at https://investors.capgemini.com/en/.

    IMPORTANT NOTICE

    This announcement is for information purposes only and is not intended to and does not constitute or form part of, an offer, invitation or the solicitation of an offer to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of any securities or the solicitation of any vote or approval in any jurisdiction in contravention of applicable law. In connection with the Transaction, WNS will provide to its shareholders and file with the U.S. Securities and Exchange Commission (the “SEC”) a circular relating to the Transaction (the “scheme document”) and may also file other documents with the SEC.

    The scheme document will contain the full terms and conditions of the Transaction, including details with respect to the WNS shareholder vote in respect of the Transaction and will be sent or otherwise disseminated to WNS’ shareholders and will contain important information about the Transaction and related matters. Any decision in respect of, or other response to, the Transaction should be made only on the basis of the information contained in the scheme document.

    SHAREHOLDERS OF WNS ARE ADVISED TO READ THE SCHEME DOCUMENT AND OTHER RELEVANT DOCUMENTS FILED WITH THE SEC WHEN THEY BECOME AVAILABLE, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE TRANSACTION.

    The scheme document and other relevant documents may be obtained, free of charge, on the SEC’s website (http://www.sec.gov), when available. WNS’ shareholders may obtain free copies of the scheme document once it is available from WNS by going to WNS’ website at https://www.wns.com.

    PARTICIPANTS IN THE SOLICITATION

    Capgemini, WNS and certain of their respective directors and officers may be deemed participants in the solicitation of proxies of WNS’ shareholders in connection with the Transaction. Additional information regarding the foregoing persons, including their direct and indirect interests, by security holdings or otherwise, will be set forth in the scheme document and other relevant documents to be filed with the SEC. WNS’ shareholders and other interested persons may obtain, without charge, more detailed information regarding the directors and officers of WNS in WNS’ periodic reports filed with the SEC available on WNS’ website at https://www.wns.com, and regarding the directors and officers of Capgemini in Capgemini’s most recent Universal Registration Document (Document d’Enregistrement Universel) available on Capgemini’s website (https://www.capgemini.com/us-en/).

    FORWARD LOOKING STATEMENTS

    Certain information in this announcement, as well as oral statements made regarding the Transaction, and other information published by WNS, Capgemini or any member of the Capgemini Group contain statements which are, or may be deemed to be “forward-looking statements”, including, but not limited to, the acceleration of Capgemini and WNS’ growth and the value-additive nature of the Transaction for Capgemini shareholders. The words “anticipates”, “expects”, “believes”, “intends, “estimates”, “plans”, “projects”, “may”, “would”, “will”, “should”, “continue”, or the negative of these terms and similar expressions are intended to identify forward-looking statements. Such forward looking statements are prospective in nature and are not based on historical facts, but rather on current expectations and on numerous assumptions regarding the business strategies and the environment in which Capgemini, any member of the Capgemini Group, including WNS and its subsidiaries following the Transaction (“Post-Transaction Group”) shall operate in the future and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by those statements. The forward looking statements contained in this announcement relate to Capgemini, any member of the Capgemini Group or the Post-Transaction Group’s future prospects, developments and business strategies, the expected timing and scope of the Transaction and other statements other than historical facts. For a discussion of some of the risks and important factors that could affect such forward-looking statements, please refer, without limitations, to the risks identified in Capgemini’s most recent Universal Registration Document (Document d’Enregistrement Universel) available on Capgemini’s website (https://www.capgemini.com/us-en/). Factors which could have a material adverse effect on the Company’s operations and future prospects include, but are not limited to, the following risks relating to the Transaction, including in respect of the satisfaction of closing conditions to the Transaction on a timely basis or at all, including the ability to obtain required regulatory approvals and the required scheme shareholder approval; unanticipated difficulties and/or expenditures relating to the Transaction and any related financing; uncertainties as to the timing of the Transaction; litigation relating to, or other challenges to, the Transaction; the impact of the Transaction on each company’s business operations (including the threatened or actual loss of employees, clients or suppliers); the inability to obtain, or delays in obtaining cost savings and synergies from the Transaction; incurrence of unexpected costs and expenses in connection with the Transaction; risks related to changes in the financial, equity and debt markets; and risks related to political, economic and market conditions. In addition, the risks to which WNS’ business is subject, including those risks described in WNS’ periodic reports filed with the SEC, could adversely affect the Transaction and, following the completion of the Transaction, the Company’s operations and future prospects. New risks and uncertainties emerge from time to time, and it is not possible for Capgemini and WNS to predict or assess the impact of every factor that may cause actual results to differ from those contained in any forward-looking statements.

    Specifically, statements of estimated cost savings and synergies relate to future actions and circumstances which, by their nature involve, risks, uncertainties and contingencies. As a result, the cost savings and synergies referred to may not be achieved, may be achieved later or sooner than estimated, or those achieved could be materially different from those estimated. Due to the scale of the Post-Transaction Group, there may be additional changes to the Post-Transaction Group’s operations. As a result, and given the fact that the changes relate to the future, the resulting cost synergies may be materially greater or less than those estimated.

    Forward-looking statements contained herein are only based upon currently available information and speak only as of the date of this announcement, and Capgemini expressly disclaims any obligation to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in Capgemini’s expectations with regard thereto or change in events, conditions or circumstances on which any statement is based.

    Past performance is not a reliable indicator of future results and should not be relied upon for any reason.

    The anticipated financial impact of the acquisition of WNS and any references to future financial performance should not be viewed as management guidance. Actual results may differ from the statements set forth herein and such differences may be material.

    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

    ABOUT WNS

    WNS is a digital-led business transformation and services company. WNS combines deep domain expertise with talent, technology, and AI to co-create innovative solutions for over 600 clients across various industries. WNS delivers an entire spectrum of solutions including industry-specific offerings, customer experience services, finance and accounting, human resources, procurement, and research and analytics to re-imagine the digital future of businesses. As of March 31, 2025, WNS had 64,505 professionals across 64 delivery centers worldwide including facilities in Canada, China, Costa Rica, India, Malaysia, the Philippines, Poland, Romania, South Africa, Sri Lanka, Turkey, the United Kingdom, and the United States.

    For more information, visit www.wns.com

    1 Volume-weighted average
    2 Net financial debt of WNS was negligible as at March 31, 2025
    3 Clients of WNS based on public domain information
    4 WNS fiscal year ends March 31. Last 3 fiscal years end March 2025.
    5 Revenue represents revenue less repair payments
    6 WNS “Adjusted operating profit” restated to expense amortization of intangible assets (software) above operating margin to conform to Capgemini’s definition of operating margin.
    7 See https://ir.wns.com/news-releases/news-release-details/wns-acquires-kipiai-expand-data-analytics-ai-capabilities
    8 Including considerations to be paid in connection with Restricted Share Units

    Attachment

    The MIL Network –

  • Trump says US nears trade deals as tariff deadline delayed

    Source: Government of India

    Source: Government of India (4)

    The United States is close to finalizing several trade pacts in coming days and will notify other countries of higher tariff rates by July 9, President Donald Trump said on Sunday, with the higher rates set to take effect on August 1.

    Since taking office, Trump has set off a global trade war that has roiled financial markets and sent policymakers scrambling to protect their economies, through efforts such as deals with the United States and other countries.

    In April Trump unveiled a base tariff rate of 10% on most countries and additional duties of up to 50%, but later gave a three-week reprieve until Wednesday for all but 10% of them.

    Trump, whose remarks to reporters on Sunday came just before his return to Washington from a weekend golfing in New Jersey, had flagged the August 1 date earlier, but it was unclear if all tariffs would increase then.

    Asked to clarify, Commerce Secretary Howard Lutnick told reporters the higher tariffs would take effect on August 1, but Trump was “setting the rates and the deals right now.”

    In a posting on his Truth Social website, Trump later said the U.S. would start delivering tariff letters from 12:00 pm ET (1600 GMT) on Monday.

    In a separate post, he rolled out a wholly new tariff policy, calling for countries “aligning themselves with the Anti-American policies” of the BRICS developing nations to be charged an extra 10% tariff, with no exceptions to be granted.

    The first BRICS summit in 2009 was attended by leaders from Brazil, China, India and Russia, with South Africa joining later while Egypt, Ethiopia, Indonesia, Iran, Saudi Arabia and the United Arab Emirates were included last year.

    Trump has close ties to leaders of some of those countries, such as Saudi Arabia and UAE, and has been touting the prospect of a trade deal with India for weeks.

    On Sunday, BRICS leaders condemned attacks on Gaza and Iran, called for reforms to global institutions and warned that the rise in tariffs threatened global trade.

    It was not immediately clear if Trump’s tariff threat would derail trade talks with India, Indonesia and other BRICS nations, however.

    Earlier on Sunday, U.S. Treasury Secretary Scott Bessent told CNN’s “State of the Union” that several big trade agreements would be announced in the next days, adding that European Union talks had made good progress.

    Trump would also send letters to 100 smaller countries with which the United States does not have much trade, notifying them of higher tariff rates, he added.

    “President Trump’s going to be sending letters to some of our trading partners saying that if you don’t move things along, then on August 1 you will boomerang back to your April 2 tariff level,” Bessent said.

    “So I think we’re going to see a lot of deals very quickly.”

    Kevin Hassett, who heads the White House National Economic Council, told CBS’s “Face the Nation” program there might be wiggle room for countries engaged in earnest negotiations.

    “There are deadlines, and there are things that are close, and so maybe things will push back past the deadline,” Hassett said, adding that Trump would decide.

    ‘I HEAR GOOD THINGS’

    Stephen Miran, chairman of the White House Council of Economic Advisers, told ABC News’ “This Week” program that countries needed to make concessions to get lower tariff rates.

    “I hear good things about the talks with Europe. I hear good things about the talks with India,” Miran said. “And so I would expect that a number of countries that are in the process of making those concessions … might see their date rolled.”

    Bessent told CNN the Trump administration was focused on 18 important trading partners that account for 95% of the U.S. trade deficit. But he said there had been “a lot of foot-dragging” among countries in finalizing trade deals.

    Thailand, keen to avert a 36% tariff, is now offering greater market access for U.S. farm and industrial goods and more purchases of U.S. energy and Boeing BA.N jets, Finance Minister Pichai Chunhavajira told Bloomberg News on Sunday.

    India and the United States are likely to make a final decision on a mini trade deal in the next 24 to 48 hours, local Indian news channel CNBC-TV18 reported on Sunday, with average tariffs of 10% on Indian goods shipped to the U.S., it said.

    Hassett told CBS News that framework agreements already reached with Britain and Vietnam offered guidelines for other countries. He said Trump’s pressure was prompting countries to move production to the United States.

    The Vietnam deal was “fantastic,” Miran said.

    “It’s extremely one-sided. We get to apply a significant tariff to Vietnamese exports. They’re opening their markets to ours, applying zero tariff to our exports.”

    (Reuters)

  • MIL-OSI China: Xi replies to US youth pickleball cultural exchange delegation over China visit

    Source: China State Council Information Office

    Xi replies to US youth pickleball cultural exchange delegation over China visit

    Xinhua | July 7, 2025

    Chinese President Xi Jinping has recently replied to teachers and students of the U.S. youth pickleball cultural exchange delegation from Montgomery County, Maryland, who have visited China under the initiative of inviting 50,000 young Americans to China for exchange and study programs in a five-year span.

    Xi congratulated the delegation on its successful visit to China, saying he was pleased to see that pickleball has become a new bond for youth exchanges between China and the United States.

    The future of China-U.S. relations depends on the youth, said Xi, expressing the hope that the delegation members will become a new generation of ambassadors for friendship between the two countries and make greater contributions to enhancing the friendship between the two peoples.

    Earlier, the teachers and students of the delegation sent a letter to Xi, expressing their gratitude for the “50,000 in Five Years” initiative he put forward.

    They shared their experience of visiting China and engaging in pickleball exchange activities in April, saying that they forged unforgettable friendships with Chinese youths during the trip.

    They expressed their hope to invite Chinese young people to visit the United States. 

    MIL OSI China News –

  • MIL-Evening Report: New US directive for visa applicants turns social media feeds into political documents

    Source: The Conversation (Au and NZ) – By Samuel Cornell, PhD Candidate in Public Health & Community Medicine, School of Population Health, UNSW Sydney

    Angel DiBiblio/Shutterstock

    In recent weeks, the US State Department implemented a policy requiring all university, technical training, or exchange program visa applicants to disclose their social media handles used over the past five years. The policy also requires these applicants to set their profiles to public.

    This move is an example of governments treating a person’s digital persona as their political identity. In doing so, they risk punishing lawful expression, targeting minority voices, and redefining who gets to cross borders based on how they behave online.

    Anyone seeking one of these visas will have their social media searched for “indications of hostility” towards the citizens, culture or founding principles of the United States. This enhanced vetting is supposed to ensure the US does not admit anyone who may be deemed a threat.

    However, this policy changes how a person’s online presence is evaluated in visa applications and raises many ethical concerns. These include concerns around privacy, freedom of expression, and the politicisation of digital identities.

    Digital profiling

    The Trump administration has previously taken aim at higher education with the goal of changing the ideological slant of these institutions, including making changes to international student enrolment and the role of foreign nationals in US research institutions.

    Digital rights advocates have expressed concerns this new requirement could lead to self-censorship and hinder freedom of expression.

    It is unknown exactly which specific online actions will trigger a visa refusal, as the US government hasn’t disclosed detailed criteria. However, guidance to consular officers indicates that digital behaviour suggesting “hostility” toward the US or its values may be grounds for concern.

    Internal advice suggests officers are trained to look for social media content that may reflect extremist views, criminal associations or ideological opposition to the US.

    Political ‘passport’

    In a sense, this policy turns a visa applicant’s online presence into a kind of political passport. It allows for scrutiny not just of past behaviour but also of ideological views.

    Digital identity is not just a technical construct. It carries legal, philosophical and historical weight. It can influence access to rights, recognition and legitimacy, both online and offline.

    Once this identity is interpreted by state institutions, it can become a tool for control shaped by institutional whims. Governments justify digital surveillance as a way to spot threats. But research consistently shows it leads to overreach.

    A recent report found that US social media monitoring programs have frequently flagged activists and religious minorities. It also found the programs lacked transparency and oversight.

    Digital freedom nonprofit Electronic Frontier Foundation has warned these tools risk punishing people for lawful expression or for simply being connected to certain communities.

    The US is not alone in integrating digital surveillance into border security. China has implemented social credit systems. And the United Kingdom is exploring digital ID systems for immigration control. There are even calls for Australia to use artificial intelligence to facilitate digital border checks.

    The United Nations has raised concerns about the global trend toward digital vetting at borders, especially when used without judicial oversight or transparency.

    A free speech issue

    These new checks could have a chilling effect on self-expression. This is particularly true for those with views that don’t align with governments or who are from minority backgrounds.

    We’ve seen this previously. After whistleblower Edward Snowden revealed widespread use of data gathering by US intelligence agencies, people stopped visiting politically sensitive Wikipedia articles. Not because they were told to, but because they feared being watched.

    This policy won’t just affect visa applicants. It could shift how people use social media in general. That’s because there is no clear rulebook for what counts as “acceptable”. And when no one knows where the line is, people self-censor more than is necessary.

    What can you do?

    If you think you might apply for an affected visa in the future, here are some tips.

    1. Audit your social media history now. Old posts, “likes” or follows from years ago may be reviewed and judged out of context. Review your public posts on platforms such as Instagram, Facebook and X. Delete or archive anything that might be misconstrued.

    2. Separate personal and professional online identities. Consider keeping distinct accounts for private and public engagement. Use pseudonyms for creative or informal content. Immigration authorities are far less likely to misinterpret context when your online presence is clearly tied to your educational or professional goals.

    3. Understand your online visibility and history. Even if you have privacy settings enabled, tagged content, public “likes”, comments and follows can still be seen. Algorithms expose content based on associations, not just what you post. Don’t assume your visibility is limited to your followers.

    4. Keep records of any deleted or misinterpreted posts. If you think something might be questioned or if you delete posts ahead of an application, keep a backup. Consular officials may request clarification or evidence. It’s better to be prepared than to be caught off-guard without explanation.

    Your social media is no longer a personal space. It may be used by governments to determine whether you fit in.

    Samuel Cornell receives funding from an Australian Government Research Training Program Scholarship.

    Daniel Angus receives funding from Australian Research Council through Linkage Project ‘Young Australians and the Promotion of Alcohol on Social Media’. He is a Chief Investigator with the ARC Centre of Excellence for Automated Decision Making & Society.

    T.J. Thomson receives funding from the Australian Research Council. He is an affiliate with the ARC Centre of Excellence for Automated Decision Making & Society.

    – ref. New US directive for visa applicants turns social media feeds into political documents – https://theconversation.com/new-us-directive-for-visa-applicants-turns-social-media-feeds-into-political-documents-260201

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI USA: TOMORROW: Governor Newsom to join federal, state, and local leaders to recognize six-month anniversary of Los Angeles firestorms

    Source: US State of California Governor

    Jul 6, 2025

    LOS ANGELES COUNTY — Governor Gavin Newsom and First Partner Jennifer Siebel Newsom will be joined by federal, state and local leaders to recognize the six month anniversary of the devastating firestorms that hit Los Angeles, as well as the progress made and steps being taken to rebuild and restore the communities affected.

    WHEN: Monday, July 7, at approximately 11:45 a.m.

    LIVESTREAM:  Governor’s Twitter page, Governor’s Facebook page, and the Governor’s YouTube page. This event will also be available to TV stations on the LiveU Matrix under “California Governor.”

    NOTE: This in-person press event will be open to credentialed media only. Media interested in attending must RSVP by clicking here no later than 10 a.m., July 7. Location information will be provided upon confirmation.

    Media advisories, Recent news

    Recent news

    Jul 4, 2025

    News Sacramento, California – Governor Gavin Newsom today issued a proclamation declaring July 4, 2025, as “Independence Day” in the State of California.The text of the proclamation and a copy can be found below: PROCLAMATIONEach year on the Fourth of July, we…

    Jul 3, 2025

    News SACRAMENTO – A day after announcing California has more than doubled its Film and Television Tax Credit Program, Governor Gavin Newsom today signed legislation to further strengthen the state’s commitment to film and television production:AB 1138 by…

    Jul 3, 2025

    News What you need to know: As we approach the Fourth of July holiday and weekend, California is taking steps to keep communities safe during festivities by increasing outreach and highlighting resources. Sacramento, California — As Californians gear up to celebrate…

    MIL OSI USA News –

  • MIL-OSI USA: TOMORROW: Governor Newsom to join federal, state, and local leaders to recognize six-month anniversary of Los Angeles firestorms

    Source: US State of California Governor

    Jul 6, 2025

    LOS ANGELES COUNTY — Governor Gavin Newsom and First Partner Jennifer Siebel Newsom will be joined by federal, state and local leaders to recognize the six month anniversary of the devastating firestorms that hit Los Angeles, as well as the progress made and steps being taken to rebuild and restore the communities affected.

    WHEN: Monday, July 7, at approximately 11:45 a.m.

    LIVESTREAM:  Governor’s Twitter page, Governor’s Facebook page, and the Governor’s YouTube page. This event will also be available to TV stations on the LiveU Matrix under “California Governor.”

    NOTE: This in-person press event will be open to credentialed media only. Media interested in attending must RSVP by clicking here no later than 10 a.m., July 7. Location information will be provided upon confirmation.

    Media advisories, Recent news

    Recent news

    Jul 4, 2025

    News Sacramento, California – Governor Gavin Newsom today issued a proclamation declaring July 4, 2025, as “Independence Day” in the State of California.The text of the proclamation and a copy can be found below: PROCLAMATIONEach year on the Fourth of July, we…

    Jul 3, 2025

    News SACRAMENTO – A day after announcing California has more than doubled its Film and Television Tax Credit Program, Governor Gavin Newsom today signed legislation to further strengthen the state’s commitment to film and television production:AB 1138 by…

    Jul 3, 2025

    News What you need to know: As we approach the Fourth of July holiday and weekend, California is taking steps to keep communities safe during festivities by increasing outreach and highlighting resources. Sacramento, California — As Californians gear up to celebrate…

    MIL OSI USA News –

  • MIL-OSI Analysis: We don’t need deep-sea mining, or its environmental harms. Here’s why

    Source: The Conversation – Global Perspectives – By Justin Alger, Associate Professor / Senior Lecturer in Global Environmental Politics, The University of Melbourne

    Potato-sized polymetallic nodules from the deep sea could be mined for valuable metals and minerals. Carolyn Cole / Los Angeles Times via Getty Images

    Deep-sea mining promises critical minerals for the energy transition without the problems of mining on land. It also promises to bring wealth to developing nations. But the evidence suggests these promises are false, and mining would harm the environment.

    The practice involves scooping up rock-like nodules from vast areas of the sea floor. These potato-sized lumps contain metals and minerals such as zinc, manganese, molybdenum, nickel and rare earth elements.

    Technology to mine the deep sea exists, but commercial mining of the deep sea is not happening anywhere in the world. That could soon change. Nations are meeting this month in Kingston, Jamaica, to agree to a mining code. Such a code would make way for mining to begin within the next few years.

    On Thursday, Australia’s national science agency, CSIRO, released research into the environmental impacts of deep-sea mining. It aims to promote better environmental management of deep-sea mining, should it proceed.

    We have previously challenged the rationale for deep-sea mining, drawing on our expertise in international politics and environmental management. We argue mining the deep sea is harmful and the economic benefits have been overstated. What’s more, the metals and minerals to be mined are not scarce.

    The best course of action is a ban on international seabed mining, building on the coalition for a moratorium.

    The Metals Company spent six months at sea collecting nodules in 2022, while studying the effects on ecosystems.

    Managing and monitoring environmental harm

    Recent advances in technology have made deep-sea mining more feasible. But removing the nodules – which also requires pumping water around – has been shown to damage the seabed and endanger marine life.

    CSIRO has developed the first environmental management and monitoring frameworks to protect deep sea ecosystems from mining. It aims to provide “trusted, science-based tools to evaluate the environmental risks and viability of deep-sea mining”.

    Scientists from Griffith University, Museums Victoria, the University of the Sunshine Coast, and Earth Sciences New Zealand were also involved in the work.

    The Metals Company Australia, a local subsidiary of the Canadian deep-sea mining exploration company, commissioned the research. It involved analysing data from test mining the company carried out in the Pacific Ocean in 2022.

    The company has led efforts to expedite deep-sea mining. This includes pushing for the mining code, and exploring commercial mining of the international seabed through approval from the US government.

    In a media briefing this week, CSIRO Senior Principal Research Scientist Piers Dunstan said the mining activity substantially affected the sea floor. Some marine life, especially that attached to the nodules, had very little hope of recovery. He said if mining were to go ahead, monitoring would be crucial.

    We are sceptical that ecological impacts can be managed even with this new framework. Little is known about life in these deep-water ecosystems. But research shows nodule mining would cause extensive habitat loss and damage.

    Do we really need to open the ocean frontier to mining? We argue the answer is no, on three counts.

    How does deep-sea mining work? (The Guardian)

    1. Minerals are not scarce

    The minerals required for the energy transition are abundant on land. Known global terrestrial reserves of cobalt, copper, manganese, molybdenum and nickel are enough to meet current production levels for decades – even with growing demand.

    There is no compelling reason to extract deep-sea minerals, given the economics of both deep-sea and land-based mining. Deep-sea mining is speculative and inevitably too expensive given such remote, deep operations.

    Claims about mineral scarcity are being used to justify attempting to legitimise a new extractive frontier in the deep sea. Opportunistic investors can make money through speculation and attracting government subsidies.

    2. Mining at sea will not replace mining on land

    Proponents claim deep-sea mining can replace some mining on land. Mining on land has led to social issues including infringing on indigenous and community rights. It also damages the environment.

    But deep-sea mining will not necessarily displace, replace or change mining on land. Land-based mining contracts span decades and the companies involved will not abandon ongoing or planned projects. Their activities will continue, even if deep-sea mining begins.

    Deep-sea mining also faces many of the same challenges as mining on land, while introducing new problems. The social problems that arise during transport, processing and distribution remain the same.

    And sea-based industries are already rife with modern slavery and labour violations, partly because they are notoriously difficult to monitor.

    Deep-sea mining does not solve social problems with land-based mining, and adds more challenges.

    Hidden Gem was the world’s first deep-sea mineral production vessel with seabed-to-surface nodule collection and transport systems.
    Photo by Charles M. Vella/SOPA Images/LightRocket via Getty Images

    3. Common heritage of humankind and the Global South

    Under the United Nations Convention on the Law of the Sea, the international seabed is the common heritage of humankind. This means the proceeds of deep-sea mining should be distributed fairly among all countries.

    Deep-sea mining commercial partnerships between developing countries in the Global South and firms from the North have yet to pay off for the former. There is little indication this pattern will change.

    For example, when Canadian company Nautilus went bankrupt in 2019, it saddled Papua New Guinea with millions in debt from a failed domestic deep-sea mining venture.

    The Metals Company has partnerships with Nauru and Tonga but the latest deal with the US creates uncertainty about whether their agreements will be honoured.

    European investors took control of Blue Minerals Jamaica, originally a Jamaican-owned company, shortly after orchestrating its start up. Any profits would therefore go offshore.

    Australian Gerard Barron is Chairman and CEO of The Metals Company, formerly DeepGreen.
    Carolyn Cole / Los Angeles Times via Getty Images

    A wise investment?

    It is unclear whether deep-sea mining will ever be a good investment.

    Multiple large corporate investors have pulled out of the industry, or gone bankrupt. And The Metals Company has received delisting notices from the Nasdaq stock exchange due to poor financial performance.

    Given the threat of environmental harm, the evidence suggests deep-sea mining is not worth the risk.

    Justin Alger receives funding from the Social Sciences and Humanities Research Council of Canada.

    D.G. Webster receives funding from the National Science Foundation in the United States and various internal funding sources at Dartmouth University.

    Jessica Green receives funding from the Social Sciences and Humanities Research Council of Canada.

    Kate J Neville receives funding from the Social Sciences and Humanities Research Council of Canada.

    Stacy D VanDeveer and Susan M Park do not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

    – ref. We don’t need deep-sea mining, or its environmental harms. Here’s why – https://theconversation.com/we-dont-need-deep-sea-mining-or-its-environmental-harms-heres-why-260401

    MIL OSI Analysis –

  • MIL-OSI Analysis: We don’t need deep-sea mining, or its environmental harms. Here’s why

    Source: The Conversation – Global Perspectives – By Justin Alger, Associate Professor / Senior Lecturer in Global Environmental Politics, The University of Melbourne

    Potato-sized polymetallic nodules from the deep sea could be mined for valuable metals and minerals. Carolyn Cole / Los Angeles Times via Getty Images

    Deep-sea mining promises critical minerals for the energy transition without the problems of mining on land. It also promises to bring wealth to developing nations. But the evidence suggests these promises are false, and mining would harm the environment.

    The practice involves scooping up rock-like nodules from vast areas of the sea floor. These potato-sized lumps contain metals and minerals such as zinc, manganese, molybdenum, nickel and rare earth elements.

    Technology to mine the deep sea exists, but commercial mining of the deep sea is not happening anywhere in the world. That could soon change. Nations are meeting this month in Kingston, Jamaica, to agree to a mining code. Such a code would make way for mining to begin within the next few years.

    On Thursday, Australia’s national science agency, CSIRO, released research into the environmental impacts of deep-sea mining. It aims to promote better environmental management of deep-sea mining, should it proceed.

    We have previously challenged the rationale for deep-sea mining, drawing on our expertise in international politics and environmental management. We argue mining the deep sea is harmful and the economic benefits have been overstated. What’s more, the metals and minerals to be mined are not scarce.

    The best course of action is a ban on international seabed mining, building on the coalition for a moratorium.

    The Metals Company spent six months at sea collecting nodules in 2022, while studying the effects on ecosystems.

    Managing and monitoring environmental harm

    Recent advances in technology have made deep-sea mining more feasible. But removing the nodules – which also requires pumping water around – has been shown to damage the seabed and endanger marine life.

    CSIRO has developed the first environmental management and monitoring frameworks to protect deep sea ecosystems from mining. It aims to provide “trusted, science-based tools to evaluate the environmental risks and viability of deep-sea mining”.

    Scientists from Griffith University, Museums Victoria, the University of the Sunshine Coast, and Earth Sciences New Zealand were also involved in the work.

    The Metals Company Australia, a local subsidiary of the Canadian deep-sea mining exploration company, commissioned the research. It involved analysing data from test mining the company carried out in the Pacific Ocean in 2022.

    The company has led efforts to expedite deep-sea mining. This includes pushing for the mining code, and exploring commercial mining of the international seabed through approval from the US government.

    In a media briefing this week, CSIRO Senior Principal Research Scientist Piers Dunstan said the mining activity substantially affected the sea floor. Some marine life, especially that attached to the nodules, had very little hope of recovery. He said if mining were to go ahead, monitoring would be crucial.

    We are sceptical that ecological impacts can be managed even with this new framework. Little is known about life in these deep-water ecosystems. But research shows nodule mining would cause extensive habitat loss and damage.

    Do we really need to open the ocean frontier to mining? We argue the answer is no, on three counts.

    How does deep-sea mining work? (The Guardian)

    1. Minerals are not scarce

    The minerals required for the energy transition are abundant on land. Known global terrestrial reserves of cobalt, copper, manganese, molybdenum and nickel are enough to meet current production levels for decades – even with growing demand.

    There is no compelling reason to extract deep-sea minerals, given the economics of both deep-sea and land-based mining. Deep-sea mining is speculative and inevitably too expensive given such remote, deep operations.

    Claims about mineral scarcity are being used to justify attempting to legitimise a new extractive frontier in the deep sea. Opportunistic investors can make money through speculation and attracting government subsidies.

    2. Mining at sea will not replace mining on land

    Proponents claim deep-sea mining can replace some mining on land. Mining on land has led to social issues including infringing on indigenous and community rights. It also damages the environment.

    But deep-sea mining will not necessarily displace, replace or change mining on land. Land-based mining contracts span decades and the companies involved will not abandon ongoing or planned projects. Their activities will continue, even if deep-sea mining begins.

    Deep-sea mining also faces many of the same challenges as mining on land, while introducing new problems. The social problems that arise during transport, processing and distribution remain the same.

    And sea-based industries are already rife with modern slavery and labour violations, partly because they are notoriously difficult to monitor.

    Deep-sea mining does not solve social problems with land-based mining, and adds more challenges.

    Hidden Gem was the world’s first deep-sea mineral production vessel with seabed-to-surface nodule collection and transport systems.
    Photo by Charles M. Vella/SOPA Images/LightRocket via Getty Images

    3. Common heritage of humankind and the Global South

    Under the United Nations Convention on the Law of the Sea, the international seabed is the common heritage of humankind. This means the proceeds of deep-sea mining should be distributed fairly among all countries.

    Deep-sea mining commercial partnerships between developing countries in the Global South and firms from the North have yet to pay off for the former. There is little indication this pattern will change.

    For example, when Canadian company Nautilus went bankrupt in 2019, it saddled Papua New Guinea with millions in debt from a failed domestic deep-sea mining venture.

    The Metals Company has partnerships with Nauru and Tonga but the latest deal with the US creates uncertainty about whether their agreements will be honoured.

    European investors took control of Blue Minerals Jamaica, originally a Jamaican-owned company, shortly after orchestrating its start up. Any profits would therefore go offshore.

    Australian Gerard Barron is Chairman and CEO of The Metals Company, formerly DeepGreen.
    Carolyn Cole / Los Angeles Times via Getty Images

    A wise investment?

    It is unclear whether deep-sea mining will ever be a good investment.

    Multiple large corporate investors have pulled out of the industry, or gone bankrupt. And The Metals Company has received delisting notices from the Nasdaq stock exchange due to poor financial performance.

    Given the threat of environmental harm, the evidence suggests deep-sea mining is not worth the risk.

    Justin Alger receives funding from the Social Sciences and Humanities Research Council of Canada.

    D.G. Webster receives funding from the National Science Foundation in the United States and various internal funding sources at Dartmouth University.

    Jessica Green receives funding from the Social Sciences and Humanities Research Council of Canada.

    Kate J Neville receives funding from the Social Sciences and Humanities Research Council of Canada.

    Stacy D VanDeveer and Susan M Park do not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

    – ref. We don’t need deep-sea mining, or its environmental harms. Here’s why – https://theconversation.com/we-dont-need-deep-sea-mining-or-its-environmental-harms-heres-why-260401

    MIL OSI Analysis –

  • MIL-OSI Analysis: Ageing bridges around the world are at risk of collapse. But there’s a simple way to safeguard them

    Source: The Conversation – Global Perspectives – By Andy Nguyen, Senior Lecturer in Structural Engineering, University of Southern Queensland

    The Story Bridge, with its sweeping steel trusses and art deco towers, is a striking sight above the Brisbane River in Queensland. In 2025, it was named the state’s best landmark. But more than an icon, it serves as one of the vital arteries of the state capital, carrying more than 100,000 vehicles daily.

    But a recent report revealed serious structural issues in the 85-year-old bridge. These included the deterioration of concrete, corrosion and overloading on pedestrian footpaths.

    The findings prompted an urgent closure of the footpath for safety reasons. They also highlighted the urgency of Brisbane City Council’s planned bridge restoration project.

    But this example – and far more tragic ones from around the world in recent years – have also sparked a broader conversation about the safety of ageing bridges and other urban infrastructure. A simple, proactive step known as structural health monitoring can help.

    A number of collapses

    In January 2022, the Fern Hollow Bridge in Pittsburgh, Pennsylvania, in the United States collapsed and injured several people. This collapse was caused by extensive corrosion and the fracturing of a vital steel component. It stemmed from poor maintenance and failure to act on repeated inspection recommendations. These problems were compounded by inadequate inspections and oversight.

    Three years earlier, Taiwan’s Nanfang’ao Bridge collapsed. Exposure to damp, salty sea air had severely weakened its suspension cables. Six people beneath the bridge died.

    In August 2018, Italy’s Morandi Bridge fell, killing 43 people. The collapse was due to corrosion in pre-stressed concrete and steel tendons. These factors were worsened by inspection and maintenance challenges.

    In August 2007, a bridge in the US city of Minneapolis collapsed, killing 13 people and injuring 145. This collapse was primarily due to previously unnoticed problems with the design of the bridge. But it also demonstrated how ageing infrastructure, coupled with increasing loads and ineffective routine visual inspections, can exacerbate inherent weaknesses.

    A technology-driven solution

    Structural health monitoring is a technology-driven approach to assessing the condition of infrastructure. It can provide near real-time information and enable timely decision-making. This is crucial when it comes to managing ageing structures.

    The approach doesn’t rely solely on occasional periodic inspections. Instead it uses sensors, data loggers and analytics platforms to continuously monitor stress, vibration, displacement, temperature and corrosion on critical components.

    This approach can significantly improve our understanding of bridge performance compared to traditional assessment models. In one case, it updated a bridge’s estimated fatigue life – the remaining life of the structure before fatigue-induced failure is predicted to occur– from just five years to more than 52 years. This ultimately avoided unnecessary and costly restoration.

    Good structural health-monitoring systems can last several decades. They can be integrated with artificial intelligence techniques and bridge information modelling to develop digital twin-based monitoring platforms.

    The cost of structural health monitoring systems varies by bridge size and the extent of monitoring required. Some simple systems can cost just a few thousand dollars, while more advanced ones can cost more than A$300,000.

    These systems require ongoing operational support – typically 10% to 20% of the installation cost annually – for data management, system maintenance, and informed decision-making.

    Additionally, while advanced systems can be costly, scalable structural health monitoring solutions allow authorities to start small and expand over time.

    A model for proactive management

    The design of structural health monitoring systems has been incorporated into new large-scale bridge designs, such as Sutong Bridge in China and Governor Mario M. Cuomo Bridge in the US.

    But perhaps the most compelling example of these systems in action is the Jacques Cartier Bridge in Montreal, Canada.

    Opened in 1930, it shares design similarities with Brisbane’s Story Bridge. And, like many ageing structures, it faces its own challenges.

    Opened in 1930, the Jacques Cartier Bridge in Montreal, Canada, shares design similarities with Brisbane’s Story Bridge.
    Pinkcandy/Shutterstock

    However, authorities managing the Jacques Cartier Bridge have embraced a proactive approach through comprehensive structural health monitoring systems. The bridge has been outfitted with more than 300 sensors.

    Acoustic emission monitoring enables early detection of micro-cracking activity, while long-term instrumentation tracks structural deformation and dynamic behaviour across key spans.

    Satellite-based radar imagery adds a remote, non-intrusive layer of deformation monitoring, and advanced data analysis ensures that the vast amounts of sensor data are translated into timely, actionable insights.

    Together, these technologies demonstrate how a well-integrated structural-health monitoring system can support proactive maintenance, extend the life of ageing infrastructure – and ultimately improve public safety.

    A way forward for Brisbane – and beyond

    The Story Bridge’s current challenges are serious, but they also present an opportunity.

    By investing in the right structural health monitoring system, Brisbane can lead the way in modern infrastructure management – protecting lives, restoring public confidence, preserving heritage and setting a precedent for cities around the world.

    As climate change, urban growth, and ageing assets put increasing pressure on our transport networks, smart monitoring is no longer a luxury – it’s a necessity.

    Andy Nguyen receives funding from the Queensland government, through the Advance Queensland fellowship. He is on the executive committee of Australian Network of Structural Health Monitoring.

    – ref. Ageing bridges around the world are at risk of collapse. But there’s a simple way to safeguard them – https://theconversation.com/ageing-bridges-around-the-world-are-at-risk-of-collapse-but-theres-a-simple-way-to-safeguard-them-260005

    MIL OSI Analysis –