Category: Politics

  • Sealing the Deal: How the India–UK FTA redefines global trade dynamics

    Source: Government of India

    Source: Government of India (4)

    The India–UK Free Trade Agreement (FTA), signed on July 24, 2025, marks a historic milestone in bilateral relations, transforming the economic landscape between two influential democracies with shared historical ties. At its core, this agreement aims to double the volume of trade between the two nations to $120 billion by 2030, signalling a shift in strategic and economic alignment in a post-Brexit global order. This comprehensive trade pact not only strengthens commercial ties but also deepens diplomatic and development-oriented collaboration across sectors. The agreement is ambitious in scope, eliminating tariffs on 99% of Indian exports to the United Kingdom covering almost 100% of trade value while India reciprocates by reducing tariffs on 90% of UK goods, with 85% becoming duty-free within a decade. The FTA is expected to boost India’s annual exports by $5 billion and create over one million jobs within five years, catalysing both industrial growth and employment in labour-intensive and technology-oriented sectors.

    India’s principal gain lies in its sweeping access to the UK market for sectors where it has a strong comparative advantage. Labour-intensive industries textiles and clothing, leather and footwear, processed food, gems and jewellery, and marine exports stand to benefit immediately from duty-free treatment. The UK has agreed to eliminate tariffs that previously ranged from 4% to as high as 70% on many Indian goods. For example, the processed food sector, which was earlier subject to duties of up to 70%, now enjoys zero-duty access on 99.7% of tariff lines. This development is monumental for rural India, where the agri-processing ecosystem is vital for both livelihood generation and export earnings.

    India’s textile and apparel industry, a major source of employment and a vital segment of its exports, is among the biggest beneficiaries. Previously subject to duties of up to 10–12% in the UK, Indian textiles now enjoy duty-free access. This policy move levels the playing field for Indian exporters against rivals such as Bangladesh and Vietnam, enhancing the competitiveness of cotton, synthetic fabrics, and finished garments. With projected gains of $5 billion in textile exports alone, this sector is poised for accelerated growth, enhanced investments, and large-scale job creation, especially in states like Gujarat, Maharashtra, and Tamil Nadu.

    Equally significant is the liberalisation of leather and footwear exports. These products, which were earlier taxed up to 16%, now enter the UK market duty-free. This shift supports the expansion of India’s footwear and leather goods industry key employment-generating sectors largely dominated by SMEs and artisanal clusters. The FTA is likely to generate substantial growth opportunities for exporters in Uttar Pradesh, West Bengal, and Tamil Nadu, giving a much-needed fillip to these traditionally under-capitalised industries.

    In the high-value gems and jewellery sector, which contributes significantly to India’s export basket, the FTA brings immediate benefits. Duties of up to 4% on diamonds, gold, and silver ornaments have now been abolished. With duty-free access to a discerning and high-spending UK consumer base, Indian jewellery exporters are expected to see a surge in orders. The improved price competitiveness will also draw investment into India’s precious stones and jewellery sector, especially in Mumbai, Surat, and Jaipur, reinforcing India’s position as a global jewellery hub.

    The agreement also opens new frontiers for engineering goods, auto components, mechanical machinery, and organic chemicals. Tariffs in these segments, previously ranging from 4% to 14%, have been brought down to zero, strengthening India’s manufacturing ecosystem. The UK has also agreed to slash tariffs on automobiles from over 100% to just 10%, albeit under a quota system. This will allow Indian auto parts and engine manufacturers to increase their exports significantly, supporting India’s ‘Make in India’ agenda and integrating more deeply into global supply chains.

    India’s marine products sector particularly shrimp and frozen prawn exports gains a significant boost. Tariffs of up to 20% have been brought to zero, opening a $5.4 billion UK market. The removal of import duties will enhance price competitiveness for Indian seafood in the UK and directly benefit coastal communities and fishermen in Kerala, Andhra Pradesh, and Odisha. This measure also aligns with India’s broader objective of revitalising traditional sectors and expanding their global reach.

    In agriculture and processed foods, the FTA proves to be a game-changer. With tariff-free access on 95% of agricultural products including spices, mango pulp, pulses, and tea India’s agri-exports are projected to grow by 20% within three years. This liberalisation directly benefits farmers and small agro-industrial units, integrating them into international markets. Importantly, India has retained full protection for sensitive sectors like dairy, poultry, apples, vegetables, cooking oils, and oats. By refusing tariff concessions in these areas, the agreement ensures that India’s small and marginal farmers are not displaced by foreign competition.

    The India–UK FTA also provides significant advantages in high-tech sectors. Indian electronics exports smartphones, optical fibre cables, inverters, and electronic components now enjoy zero-duty access to the UK. The inclusion of streamlined customs processes and provisions on digital trade further lowers entry barriers, particularly for SMEs venturing into cross-border e-commerce. This has strong implications for India’s fast-growing technology manufacturing ecosystem and supports the expansion of Indian firms into high-value global markets.

    One of the most transformative features of the agreement is its support for the mobility of Indian professionals and skilled workers. The FTA includes provisions to facilitate temporary movement for Indian professionals such as IT engineers, architects, nurses, financial consultants, and even niche cultural workers such as yoga instructors and chefs. Up to 1,800 Indian professionals in these categories will be allowed to work in the UK temporarily. These mobility concessions expand India’s soft power and human capital exports, aligning with the government’s strategy to promote services-led growth.

    Additionally, the Double Contribution Convention (DCC) clause in the FTA exempts Indian workers from making social security contributions in the UK for a period of three years. This is expected to benefit over 75,000 Indian workers currently residing in the UK by significantly reducing their financial burden and enhancing the attractiveness of temporary employment opportunities in Britain. This provision is particularly impactful for the IT/ITeS sector, financial services professionals, and other knowledge economy workers.

    In tandem with these trade and labour mobility benefits, the UK’s offer also includes 99.3% tariff elimination for animal products, 100% duty elimination for marine products, and full liberalisation of key sectors such as chemicals, electrical machinery, plastics, base metals, headgear, ceramics, glass, and clocks. Across all categories, the agreement promises enhanced market access, easier customs procedures, and a simplified regulatory environment each element helping Indian exporters reduce transaction costs and achieve scale.

    Strategically, the FTA supports India’s broader development agenda. It reinforces the objectives of ‘Make in India’, the Production Linked Incentive (PLI) Scheme, and the goal of integrating Indian enterprises particularly MSMEs into global supply chains. The liberalised trade framework incentivises higher production volumes, improved quality standards, and adherence to international compliance norms, all of which contribute to India’s export dynamism. At the same time, by insulating sensitive sectors from duty concessions, the government has safeguarded domestic food security, protected vulnerable producer groups, and upheld rural economic stability.

    The India–UK FTA also carries strong geopolitical undertones. For post-Brexit Britain, deepening trade relations with India a rising economic power is a strategic imperative. For India, the agreement allows diversification of export markets at a time when supply chain realignments are underway globally, particularly due to tensions with China and economic uncertainties in Europe. The FTA offers a resilient and rules-based alternative route to prosperity for both partners, anchored in democratic values and mutual respect.

    The India–UK Free Trade Agreement of 2025 is a landmark pact with far-reaching consequences for trade, employment, mobility, and strategic cooperation. By unlocking duty-free access across vast sectors, protecting domestic interests, and enabling professional mobility, it serves as a blueprint for future FTAs India may sign with other developed economies. The deal is comprehensive, development-oriented, and forward-looking positioning India for a new era of global economic leadership and strengthening its strategic partnership with the United Kingdom in a rapidly evolving world order.

    In conclusion the India–UK Free Trade Agreement (FTA) could serve as a significant catalyst in shaping India’s ongoing and future trade negotiations with the United States and the European Union. As a comprehensive and balanced agreement with a G7 nation, the UK FTA strengthens India’s credibility as a serious and capable negotiator on the global stage. The successful inclusion of sensitive sectors, labour mobility, digital trade provisions, and extensive tariff liberalisation sets a precedent that India can leverage in its stalled or complex discussions with the U.S. and EU. For the United States, which has been engaged in hectic negotiations with India on Bi-lateral Trade Agreement, the Indo-UK FTA could act as a catalyst and a template for further negotiations on a prospective BTA.  Similarly, the European Union has also been in talks with India to clinch a FTA by the end of FY26 and the UK deal demonstrates India’s willingness to offer concessions while protecting key domestic interests. This FTA could thus help bridge trust deficits, unlock political momentum, and create negotiating templates for market access, investment protection, and digital standards. Ultimately, the India–UK FTA could become a benchmark, enhancing India’s bargaining position in global trade diplomacy.

    (Navroop Singh is a New Delhi-based IP attorney and geopolitical analyst)

  • MIL-OSI Europe: Euro area economic and financial developments by institutional sector: first quarter of 2025

    Source: European Central Bank

    25 July 2025

    • Euro area net saving decreased to €799 billion in four quarters to first quarter of 2025, compared with €813 billion one quarter earlier
    • Household debt-to-income ratio decreased to 81.7% in first quarter of 2025 from 83.8% one year earlier
    • Non-financial corporations’ debt-to-GDP ratio (consolidated measure) decreased to 67.2% in first quarter of 2025 from 68.4% one year earlier
    • Share of net wealth held by wealthiest 10% of households stood at 57.3% in 2024, largely unchanged from previous years.

    Total euro area economy

    Euro area net saving decreased to €799 billion (6.5% of euro area net disposable income) in the four quarters to the first quarter of 2025 compared with €813 billion in the four quarters to the previous quarter. Euro area net non-financial investment was broadly unchanged at €441 billion (3.6% of net disposable income), due to broadly unchanged net investment of all sectors (see Chart 1 and Table 1 in the Annex).

    Euro area net lending to the rest of the world decreased to €388 billion (from €401 billion previously) reflecting the decreased net saving and broadly unchanged net non-financial investment. Non-financial corporations’ net lending decreased to €130 billion (1.1% of net disposable income) from €156 billion, while that of households increased to €598 billion (4.9% of net disposable income) from €588 billion. Financial corporations’ net lending (€123 billion, 1.0% of net disposable income) and general government net borrowing were broadly unchanged, the latter contributing negatively to euro area net lending (-€463 billion, -3.8% of net disposable income).

    Chart 1

    Euro area saving, investment and net lending to the rest of the world

    (EUR billions, four-quarter sums)

    Sources: ECB and Eurostat.

    * Net saving minus net capital transfers to the rest of the world (equals change in net worth due to transactions).

    Data for euro area saving, investment and net lending to the rest of the world (Chart 1)

    Households

    Household financial investment increased at a broadly unchanged annual rate of 2.5% in the first quarter of 2025. Among its components, investment in currency and deposits grew at an unchanged rate of 3.0%. Investment in debt securities increased at a lower rate (3.0%, after 8.2%), while investment in shares and other equity grew at a higher rate (2.3%, after 1.8%) – the latter mainly due to investment fund shares.

    Households purchased, in net terms, mainly debt securities issued by the rest of the world, general government, and other financial institutions (see Table 1 below and Table 2.2. in the Annex). Households were overall net sellers of listed shares, selling predominantly listed shares of MFIs, while buying listed shares issued by the rest of the world (i.e. shares issued by non-euro area residents). Households increased their purchases of euro area non-money market investment fund shares, and continued to purchase money market fund shares, while purchases of investment fund shares issued by the rest of the world decelerated.

    The household debt-to-income ratio[1] decreased, to 81.7% in the first quarter of 2025 from 83.8% in the first quarter of 2024. The household debt-to-GDP ratio decreased, to 51.2% in the first quarter of 2025 from 52.3% in the first quarter of 2024 (see Chart 2).

    Table 1

    Financial investment and financing of households, main items

    (annual growth rates)

    Financial transactions

    2024 Q1

    2024 Q2

    2024 Q3

    2024 Q4

    2025 Q1

    Financial investment*

    2.0

    2.3

    2.4

    2.4

    2.5

    Currency and deposits

    1.5

    2.3

    2.5

    3.0

    3.0

    Debt securities

    41.4

    29.8

    17.1

    8.2

    3.0

    Shares and other equity**

    0.2

    0.4

    0.9

    1.8

    2.3

    Life insurance

    0.0

    0.4

    1.3

    1.6

    1.7

    Pension schemes

    2.0

    1.8

    1.9

    1.8

    2.1

    Financing***

    0.9

    1.2

    1.2

    1.6

    1.8

    Loans

    0.6

    0.6

    0.9

    1.3

    1.7

    Source: ECB.

    * Items not shown include: loans granted, prepayments of insurance premiums and reserves for outstanding claims and other accounts receivable.

    ** Includes investment fund shares.

    *** Items not shown include: financial derivatives’ net liabilities, pension schemes and other accounts payable.

    Data for financial investment and financing of households (Table 1)

    Chart 2

    Debt ratios of households and NFCs

    (percentages of GDP)

    Sources: ECB and Eurostat.

    * Outstanding amount of loans, debt securities, trade credits and pension scheme liabilities.
    ** Outstanding amount of loans and debt securities, excluding debt positions between NFCs
    *** Outstanding amount of loan liabilities.

    Data for debt ratios of households and non-financial corporations (Chart 2)

    Developments in household wealth distribution in 2024

    The Distributional Wealth Accounts show that household net wealth continued to increase in 2024, while wealth inequality, as measured by the Gini coefficient of net wealth, has remained broadly unchanged in recent years (see Chart 3). The share of household net wealth held by the wealthiest 10% of households stood at 57.3% at the end of 2024, largely unchanged from previous years.

    Chart 3

    Household net wealth distribution and wealth inequality

    (left-hand scale: EUR trillions; right-hand scale: percentages)

    Sources: ECB.

    The growth in net wealth across the various household wealth groups was primarily driven by valuation effects of both financial and non-financial assets, while contribution of net saving was stable but lower. Since the fourth quarter of 2019, net wealth has risen substantially across all wealth groups, with increases of 32% for the bottom 50% of the wealth distribution, 24% for the next 40%, and 26% for the top 10%. The developments varied between different asset classes, resulting in distinct portfolio dynamics across household wealth groups (see Chart 4). A significant portion of overall net wealth growth – more than half in each wealth group – was driven by increases in housing wealth. For the bottom 50% of households, deposits were the second-largest contributor (+9 percentage points), with smaller contributions from other wealth components. Among the next 40% of households, deposits also made a positive contribution (+4 percentage points) to net wealth growth, though this was largely offset by the negative effect of increasing mortgages (-3 percentage points). For the wealthiest 10% of households, the growth in net wealth was also supported by significant increases in business wealth (+6 percentage points) and investment fund shares (+3 percentage points).

    Chart 4

    Contributions to growth of household net wealth between Q1 2019 and Q4 2024

    (percentage points, percentage change)

    Sources: ECB.

    Note: The left-hand scale measures the percentage growth of net wealth and the percentage point contributions to net wealth growth of all other legend items.

    Non-financial corporations

    Financing of NFCs increased at a higher annual rate of 1.3% in the first quarter of 2025 (after 0.9% in the previous quarter). This was the result of an acceleration in financing by loans (2.0% after 1.3%) and trade credits (4.1% after 3.6%), while the financing via the issuance of debt securities and of equity grew at broadly unchanged rates (see Table 2).The acceleration in loan financing is mainly due to loans granted by MFIs (2.6% after 1.6%, see Table 3.2 in the Annex), by the rest of the world (1.6% after -0.2%), and by other financial institutions (-0.5% after -2.5%).

    NFCs’ debt-to-GDP ratio (consolidated measure) decreased to 67.2% in the first quarter of 2025, from 68.4% first quarter of 2024; the non-consolidated, wider debt measure decreased to 138.9% from 140.6% (see Chart 2).

    Table 2

    Financing and financial investment of NFCs, main items

    (annual growth rates)

    Financial transactions

    2024 Q1

    2024 Q2

    2024 Q3

    2024 Q4

    2025 Q1

    Financing*

    0.8

    0.9

    1.0

    0.9

    1.3

    Debt securities

    2.0

    2.9

    2.5

    1.5

    1.6

    Loans

    1.6

    1.4

    1.4

    1.3

    2.0

    Shares and other equity

    0.3

    0.6

    0.6

    0.4

    0.5

    Trade credits and advances

    1.0

    2.0

    2.5

    3.6

    4.1

    Financial investment**

    1.7

    1.8

    2.0

    1.8

    2.0

    Currency and deposits

    0.2

    2.6

    1.7

    2.4

    2.1

    Debt securities

    10.9

    8.1

    3.9

    2.1

    4.1

    Loans

    3.9

    3.7

    3.2

    2.6

    2.8

    Shares and other equity

    1.1

    0.9

    1.2

    0.7

    0.4

    Source: ECB.

    * Items not shown include: pension schemes, other accounts payable, financial derivatives’ net liabilities and deposits.

    ** Items not shown include: other accounts receivable and prepayments of insurance premiums and reserves for outstanding claims.

    Data for financial investment and financing of non-financial corporations (Table 2)

    For queries, please use the statistical information request form.

    Notes

    • These data come from a second release of quarterly euro area sector accounts for the first quarter of 2025 by the ECB and Eurostat, the statistical office of the European Union. This release incorporates revisions and completed data for all sectors compared with the first release on “Euro area households and non-financial corporations” of 3 July 2025.
    • The euro area and national financial accounts data of NFCs and households are available in an interactive dashboard.
    • The debt-to-GDP (or debt-to-income) ratios are calculated as the outstanding amount of debt in the reference quarter divided by the sum of GDP (or income) in the four quarters up to the reference quarter. The ratio of non-financial transactions (e.g. savings) as a percentage of income or GDP is calculated as the sum of the four quarters up to the reference quarter for both numerator and denominator.
    • The annual growth rate of non-financial transactions and of outstanding assets and liabilities (stocks) is calculated as the percentage change between the value for a given quarter and that value recorded four quarters earlier. The annual growth rates used for financial transactions refer to the total value of transactions during the year in relation to the outstanding stock a year before.
    • Hyperlinks in the main body of the statistical release lead to data that may change with subsequent releases as a result of revisions. Figures shown in annex tables are a snapshot of the data as at the time of the current release.
    • The release of results of experimental Distributional Wealth Accounts (DWA) for the first quarter of 2025 is planned for 29 August 2025 (tentative date).

    MIL OSI Europe News

  • MIL-OSI Europe: Euro area economic and financial developments by institutional sector: first quarter of 2025

    Source: European Central Bank

    25 July 2025

    • Euro area net saving decreased to €799 billion in four quarters to first quarter of 2025, compared with €813 billion one quarter earlier
    • Household debt-to-income ratio decreased to 81.7% in first quarter of 2025 from 83.8% one year earlier
    • Non-financial corporations’ debt-to-GDP ratio (consolidated measure) decreased to 67.2% in first quarter of 2025 from 68.4% one year earlier
    • Share of net wealth held by wealthiest 10% of households stood at 57.3% in 2024, largely unchanged from previous years.

    Total euro area economy

    Euro area net saving decreased to €799 billion (6.5% of euro area net disposable income) in the four quarters to the first quarter of 2025 compared with €813 billion in the four quarters to the previous quarter. Euro area net non-financial investment was broadly unchanged at €441 billion (3.6% of net disposable income), due to broadly unchanged net investment of all sectors (see Chart 1 and Table 1 in the Annex).

    Euro area net lending to the rest of the world decreased to €388 billion (from €401 billion previously) reflecting the decreased net saving and broadly unchanged net non-financial investment. Non-financial corporations’ net lending decreased to €130 billion (1.1% of net disposable income) from €156 billion, while that of households increased to €598 billion (4.9% of net disposable income) from €588 billion. Financial corporations’ net lending (€123 billion, 1.0% of net disposable income) and general government net borrowing were broadly unchanged, the latter contributing negatively to euro area net lending (-€463 billion, -3.8% of net disposable income).

    Chart 1

    Euro area saving, investment and net lending to the rest of the world

    (EUR billions, four-quarter sums)

    Sources: ECB and Eurostat.

    * Net saving minus net capital transfers to the rest of the world (equals change in net worth due to transactions).

    Data for euro area saving, investment and net lending to the rest of the world (Chart 1)

    Households

    Household financial investment increased at a broadly unchanged annual rate of 2.5% in the first quarter of 2025. Among its components, investment in currency and deposits grew at an unchanged rate of 3.0%. Investment in debt securities increased at a lower rate (3.0%, after 8.2%), while investment in shares and other equity grew at a higher rate (2.3%, after 1.8%) – the latter mainly due to investment fund shares.

    Households purchased, in net terms, mainly debt securities issued by the rest of the world, general government, and other financial institutions (see Table 1 below and Table 2.2. in the Annex). Households were overall net sellers of listed shares, selling predominantly listed shares of MFIs, while buying listed shares issued by the rest of the world (i.e. shares issued by non-euro area residents). Households increased their purchases of euro area non-money market investment fund shares, and continued to purchase money market fund shares, while purchases of investment fund shares issued by the rest of the world decelerated.

    The household debt-to-income ratio[1] decreased, to 81.7% in the first quarter of 2025 from 83.8% in the first quarter of 2024. The household debt-to-GDP ratio decreased, to 51.2% in the first quarter of 2025 from 52.3% in the first quarter of 2024 (see Chart 2).

    Table 1

    Financial investment and financing of households, main items

    (annual growth rates)

    Financial transactions

    2024 Q1

    2024 Q2

    2024 Q3

    2024 Q4

    2025 Q1

    Financial investment*

    2.0

    2.3

    2.4

    2.4

    2.5

    Currency and deposits

    1.5

    2.3

    2.5

    3.0

    3.0

    Debt securities

    41.4

    29.8

    17.1

    8.2

    3.0

    Shares and other equity**

    0.2

    0.4

    0.9

    1.8

    2.3

    Life insurance

    0.0

    0.4

    1.3

    1.6

    1.7

    Pension schemes

    2.0

    1.8

    1.9

    1.8

    2.1

    Financing***

    0.9

    1.2

    1.2

    1.6

    1.8

    Loans

    0.6

    0.6

    0.9

    1.3

    1.7

    Source: ECB.

    * Items not shown include: loans granted, prepayments of insurance premiums and reserves for outstanding claims and other accounts receivable.

    ** Includes investment fund shares.

    *** Items not shown include: financial derivatives’ net liabilities, pension schemes and other accounts payable.

    Data for financial investment and financing of households (Table 1)

    Chart 2

    Debt ratios of households and NFCs

    (percentages of GDP)

    Sources: ECB and Eurostat.

    * Outstanding amount of loans, debt securities, trade credits and pension scheme liabilities.
    ** Outstanding amount of loans and debt securities, excluding debt positions between NFCs
    *** Outstanding amount of loan liabilities.

    Data for debt ratios of households and non-financial corporations (Chart 2)

    Developments in household wealth distribution in 2024

    The Distributional Wealth Accounts show that household net wealth continued to increase in 2024, while wealth inequality, as measured by the Gini coefficient of net wealth, has remained broadly unchanged in recent years (see Chart 3). The share of household net wealth held by the wealthiest 10% of households stood at 57.3% at the end of 2024, largely unchanged from previous years.

    Chart 3

    Household net wealth distribution and wealth inequality

    (left-hand scale: EUR trillions; right-hand scale: percentages)

    Sources: ECB.

    The growth in net wealth across the various household wealth groups was primarily driven by valuation effects of both financial and non-financial assets, while contribution of net saving was stable but lower. Since the fourth quarter of 2019, net wealth has risen substantially across all wealth groups, with increases of 32% for the bottom 50% of the wealth distribution, 24% for the next 40%, and 26% for the top 10%. The developments varied between different asset classes, resulting in distinct portfolio dynamics across household wealth groups (see Chart 4). A significant portion of overall net wealth growth – more than half in each wealth group – was driven by increases in housing wealth. For the bottom 50% of households, deposits were the second-largest contributor (+9 percentage points), with smaller contributions from other wealth components. Among the next 40% of households, deposits also made a positive contribution (+4 percentage points) to net wealth growth, though this was largely offset by the negative effect of increasing mortgages (-3 percentage points). For the wealthiest 10% of households, the growth in net wealth was also supported by significant increases in business wealth (+6 percentage points) and investment fund shares (+3 percentage points).

    Chart 4

    Contributions to growth of household net wealth between Q1 2019 and Q4 2024

    (percentage points, percentage change)

    Sources: ECB.

    Note: The left-hand scale measures the percentage growth of net wealth and the percentage point contributions to net wealth growth of all other legend items.

    Non-financial corporations

    Financing of NFCs increased at a higher annual rate of 1.3% in the first quarter of 2025 (after 0.9% in the previous quarter). This was the result of an acceleration in financing by loans (2.0% after 1.3%) and trade credits (4.1% after 3.6%), while the financing via the issuance of debt securities and of equity grew at broadly unchanged rates (see Table 2).The acceleration in loan financing is mainly due to loans granted by MFIs (2.6% after 1.6%, see Table 3.2 in the Annex), by the rest of the world (1.6% after -0.2%), and by other financial institutions (-0.5% after -2.5%).

    NFCs’ debt-to-GDP ratio (consolidated measure) decreased to 67.2% in the first quarter of 2025, from 68.4% first quarter of 2024; the non-consolidated, wider debt measure decreased to 138.9% from 140.6% (see Chart 2).

    Table 2

    Financing and financial investment of NFCs, main items

    (annual growth rates)

    Financial transactions

    2024 Q1

    2024 Q2

    2024 Q3

    2024 Q4

    2025 Q1

    Financing*

    0.8

    0.9

    1.0

    0.9

    1.3

    Debt securities

    2.0

    2.9

    2.5

    1.5

    1.6

    Loans

    1.6

    1.4

    1.4

    1.3

    2.0

    Shares and other equity

    0.3

    0.6

    0.6

    0.4

    0.5

    Trade credits and advances

    1.0

    2.0

    2.5

    3.6

    4.1

    Financial investment**

    1.7

    1.8

    2.0

    1.8

    2.0

    Currency and deposits

    0.2

    2.6

    1.7

    2.4

    2.1

    Debt securities

    10.9

    8.1

    3.9

    2.1

    4.1

    Loans

    3.9

    3.7

    3.2

    2.6

    2.8

    Shares and other equity

    1.1

    0.9

    1.2

    0.7

    0.4

    Source: ECB.

    * Items not shown include: pension schemes, other accounts payable, financial derivatives’ net liabilities and deposits.

    ** Items not shown include: other accounts receivable and prepayments of insurance premiums and reserves for outstanding claims.

    Data for financial investment and financing of non-financial corporations (Table 2)

    For queries, please use the statistical information request form.

    Notes

    • These data come from a second release of quarterly euro area sector accounts for the first quarter of 2025 by the ECB and Eurostat, the statistical office of the European Union. This release incorporates revisions and completed data for all sectors compared with the first release on “Euro area households and non-financial corporations” of 3 July 2025.
    • The euro area and national financial accounts data of NFCs and households are available in an interactive dashboard.
    • The debt-to-GDP (or debt-to-income) ratios are calculated as the outstanding amount of debt in the reference quarter divided by the sum of GDP (or income) in the four quarters up to the reference quarter. The ratio of non-financial transactions (e.g. savings) as a percentage of income or GDP is calculated as the sum of the four quarters up to the reference quarter for both numerator and denominator.
    • The annual growth rate of non-financial transactions and of outstanding assets and liabilities (stocks) is calculated as the percentage change between the value for a given quarter and that value recorded four quarters earlier. The annual growth rates used for financial transactions refer to the total value of transactions during the year in relation to the outstanding stock a year before.
    • Hyperlinks in the main body of the statistical release lead to data that may change with subsequent releases as a result of revisions. Figures shown in annex tables are a snapshot of the data as at the time of the current release.
    • The release of results of experimental Distributional Wealth Accounts (DWA) for the first quarter of 2025 is planned for 29 August 2025 (tentative date).

    MIL OSI Europe News

  • MIL-OSI United Kingdom: Our plan to halve energy bills by 2035

    Source: Liberal Democrats UK

    The Liberal Democrats may use the information you provide, including your political opinions, to further our objectives and share it with our elected representatives. Any data we gather will be used in accordance with our privacy policy: libdems.org.uk/privacy. You can exercise your rights and withdraw your consent to future communications by contacting us: data.protection@libdems.org.uk or: DPO, Lib Dems, 1 Vincent Square, SW1P 2PN.

    MIL OSI United Kingdom

  • MIL-OSI Russia: Four killed when part of school building collapses in India

    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

    NEW DELHI, July 25 (Xinhua) — At least four children were killed and about 20 others injured when part of a government school collapsed in the western Indian state of Rajasthan on Friday morning, local officials said.

    The Piplodi school is located in Manohar Thana area of Jhalawar district. It is reported that 32 children have been pulled out from the rubble and several more may be trapped under the debris.

    The incident occurred at around 08:30 local time, with more than 40 children, as well as several teachers and staff members, at the scene.

    Rajasthan Chief Minister Bhajanlal Sharma has directed local officials to ensure proper treatment of the injured children. –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 Russia: Summer Internship in STB Format

    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

    On July 21, Huang Yi, a student at China Agricultural University (CAU), operates an agricultural drone to carry out precision fertilization of corn at the Science and Technology Backyard (STB) experimental field in Lishu County, Siping City, Jilin Province. She explained that creating a precision fertilization scenario using a drone involves several steps, including collecting spectral data and dividing into cells for trajectory planning. After data processing, flexible adjustments are also required based on actual soil moisture. During the summer holidays, Huang Yi and her classmates will be busy working in the fields, learning about agricultural technology and helping farmers reduce costs and increase yields. China Agricultural University, Jilin Agricultural University, and Lishu County government jointly developed the STB in 2009. And for more than ten years now, many students studying in agricultural specialties have come here to conduct field research, experiments and popularize advanced agricultural technologies.

    Zhao Gang (center), chairman of Xinyuan Professional Agricultural Production Cooperative, talks to students about the current growth status of corn at the STB experimental field in Lishu County, Siping City, Jilin Province, July 21. Photo: Xinhua News Agency/Zhang Nan

    Huang Yi, a student at China Agricultural University, adjusts the parameters of an agricultural drone at an STB experimental field in Lishu County, Siping City, Jilin Province, July 21. Photo: Xinhua News Agency/Zhang Nan

    An agrodron applies fertilizer to corn with high precision at an STB experimental field in Lishu County, Siping City, Jilin Province, July 21 (photo by drone). Photo: Xinhua News Agency/Zhang Nan

    Huang Yi, a student at China Agricultural University, operates an agricultural drone to carry out precision fertilization of corn at an STB experimental field in Lishu County, Siping City, Jilin Province, July 21. Photo: Xinhua News Agency/Zhang Nan

    An agrodron applies fertilizer to corn with high precision at an STB experimental field in Lishu County, Siping City, Jilin Province, July 21 (photo by drone). Photo: Xinhua News Agency/Zhang Nan

    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 China: Regular Press Briefing of the Ministry of National Defense on July 14, 2025 2025-07-25 On the afternoon of July 14, 2025, Senior Colonel Jiang Bin, Deputy Director-General of the Information Office of China’s Ministry of National Defense (MND) and Spokesperson for the MND, answered recent media queries concerning the military.

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

    On the afternoon of July 14, 2025, Senior Colonel Jiang Bin, Deputy Director-General of the Information Office of China’s Ministry of National Defense (MND) and Spokesperson for the MND, answered recent media queries concerning the military.

    On the afternoon of July 14, 2025, Senior Colonel Jiang Bin, Deputy Director-General of the Information Office of China’s Ministry of National Defense (MND) and Spokesperson for the MND, answers recent media queries concerning the military. (Photo by Sun Yue)

    Jiang Bin: First, I would like to announce two pieces of information.

    First, the Young Leaders Conference of China-Africa Peace and Security Forum will be held in Nanjing from July 15 to 19, with about 90 mid-and-senior level military officers from over 40 African countries attending. The Conference is hosted by the Chinese Ministry of National Defense and organized by the PLA Army Command College. With the theme of Building Peace Together for the Future, the conference is aimed at implementing the outcomes of the Beijing Summit of the Forum on China-Africa Cooperation, and further boosting consensus, solidarity and cooperation between China and African countries on peace and security, so as to facilitate the building of an all-weather China-Africa community with a shared future for the new era.

    Second, army special forces of China and Serbia will carry out Peace Guardian-2025 joint training in Hebei in the second half of July. This will be the first joint training between Chinese and Serbian militaries. It will help strengthen combat capabilities of participating troops and deepen cooperation between the two militaries.

    Journalist: The Philippine Defense Secretary has recently said in an interview that China’s willingness to sign the Protocol to the Treaty on the Southeast Asia Nuclear Weapon-Free Zone was just a symbolic gesture. With one of the world’s largest nuclear arsenals, China should denuclearize first to show its sincerity. Do you have any comment?

    Jiang Bin: Some people in the Philippines often make groundless accusations against China’s efforts in preserving regional peace. Do they speak for themselves or stand for their country? We are not sure. Establishing the Southeast Asia nuclear weapon-free zone (SEANWFZ) is significant for strengthening the international nuclear non-proliferation regime and promoting regional peace and stability, and is conducive to the fundamental security interests of ASEAN countries. The Chinese side is firmly committed to such an undertaking, and has made clear our willingness to take the lead in signing the Protocol.

    China follows a policy of no-first-use of nuclear weapons, and has made an unconditional commitment of not using or threatening to use nuclear weapons against non-nuclear-weapon states or nuclear weapon-free zones. China is the only nuclear-weapon state that has made such a commitment. China’s nuclear force and nuclear policy have been a significant contribution to world peace, which is widely recognized by the international community.

    Journalist: Sources from the Japanese government said that Japan plans to export six Abukuma-class frigates to the Philippines. Some analysts believe this is aimed at “China’s maritime expansion”. What’s your take?

    Jiang Bin: It is our consistent position that defense and security cooperation between relevant countries should not target at any third party or harm the interests of any third party. During WWII, Japanese militarists committed heinous crimes when they invaded and colonized Japan’s neighboring countries, including China and the Philippines, and occupied islands in the South China Sea. In recent years, Japan has breached its commitments under the pacifist Constitution and exclusively defense-oriented policy by continuously exporting weapons and equipment to other countries, attempting to build small cliques to stir up trouble in the South China Sea, which created destabilizing factors in the Asia-Pacific region. This year marks the 80th anniversary of the victory of the Chinese People’s War of Resistance Against Japanese Aggression and the World Anti-Fascist War. We urge the Japanese side to deeply reflect on and draw lessons from history, speak and act prudently on military and security matters, and do more to contribute to regional peace and stability.

    Journalist: The head of Taiwan’s military agency has reportedly announced the establishment of Taiwan’s first HIMARS company, and that it will greatly improve the Taiwan military’s precision strike and overall defense capabilities. In addition, Taiwan’s military agency has approved the acquisition of 168 units of US M109A7 self-propelled howitzers. Do you have any comment?

    Jiang Bin: In order to solicit US support for “Taiwan independence”, the DPP authorities are selling Taiwan’s interests to flatter the US and squandering the hard-earned money of the Taiwan people to pay protection fees. Buying US weapons to embolden themselves is useless and self-deceiving. Resisting reunification by force is a dead end. War provocations made by the “Taiwan independence” armed forces are futile, and will only lead to self-destruction.

    On the afternoon of July 14, 2025, Senior Colonel Jiang Bin, Deputy Director-General of the Information Office of China’s Ministry of National Defense (MND) and Spokesperson for the MND, answers recent media queries concerning the military. (Photo by Sun Yue)

    Journalist: According to reports, the DPP authorities stated that the activation of the W121 extension of the M503 route by the Civil Aviation Administration of China intends to reduce the depth of Taiwan’s air defense and shorten its early warning time, which would ultimately eliminate the “median line of the Taiwan Strait”, thereby posing military threats to Taiwan. Some media reports said that the activation came just days before Taiwan’s Han Kuang military exercise, and might escalate tensions across the Taiwan Strait. What’s your comment?

    Jiang Bin: Taiwan is a part of China and there is no so-called “median line of the Taiwan Strait”. The establishment and activation of relevant route is a routine work carried out by the competent authorities based on the needs of civil aviation development and management. It is beneficial to compatriots on both sides of the Strait. The DPP authorities used it as an excuse to hype up the so-called “military threats from the mainland” for their selfish gains, attempting to create security anxiety, intensify antagonism and confrontation, and obstruct cross-Strait exchanges. Their scheme would never be welcomed nor succeed.

    The root cause for the current tension across the Taiwan Strait lies in the DPP authorities’ collusion with external forces in their continuous provocations for “Taiwan independence”. We hope that all Taiwan compatriots can see through the true nature of the DPP authorities in seeking independence, realize the serious harm of “Taiwan independence”, firmly oppose “Taiwan independence” separatist activities, and jointly safeguard cross-Strait peace and stability.

    MIL OSI China News

  • MIL-OSI Africa: Benin: African Development Bank Approves Over $30 Million to Protect Farmers from Climate Shocks and Food Insecurity

    Source: APO

    The Board of Directors of the African Development Bank Group  (www.AfDB.org) has approved $30.25 million in financing for a groundbreaking climate protection and agricultural sector resilience program in Benin. Thanks to this approval, Beninese farmers, particularly those in northern Benin, will no longer have to fear losing their entire harvest during devastating droughts or sudden floods.

    This initiative will protect 150,000 smallholder farmers against climate shocks in a country where agriculture employs seven out of ten people but remains at the mercy of an increasingly unpredictable climate. The situation is particularly critical in the departments of Alibori and Atakora, where one in four farmers suffers from food insecurity, well above the national average.

    These northern regions face a double burden of climate challenges and spillover effects from Sahel instability, creating additional pressures through forced displacement and border closures with Niger. Climate projections indicate alarming future risks, with cotton production and maize yields expected to drop by 22% and 6.3% respectively, with potential economic losses estimated at approximately 201 billion CFA francs.

    “This investment represents our commitment to strengthening climate resilience in Benin’s agricultural sector while responding to the urgent needs of vulnerable farming communities,” said Robert Masumbuko, African Development Bank Country Representative in Benin. “By introducing innovative risk management tools and strengthening local capacities, we are helping farmers adapt to climate change while preventing conflicts and promoting social cohesion in fragile border areas.”

    The project strengthens the Beninese government’s efforts to establish agricultural insurance, whose pilot phase is managed by Benin’s National Fund for Agricultural Development (FNDA).

    It introduces innovative climate risk transfer mechanisms, including sovereign insurance coverage against droughts and floods via the African Risk Capacity, and agricultural micro- insurance for smallholders. These tools will improve farmers’ risk profiles with financial institutions, facilitating better access to credit and investment opportunities.

    Beyond insurance mechanisms, the initiative will strengthen institutional capacities for climate disaster management, deploy early warning systems with agrometeorological equipment, and promote climate-smart agricultural practices. The program specifically targets 30% youth participation and ensures 30% female representation among the 150,000 direct beneficiaries. Furthermore, special attention is given to social cohesion activities to support peaceful integration of displaced populations in host communities.

    The financing comes from multiple sources: $20 million from the “prevention” envelope of the Transition Support Facility, $5 million from the African Development Fund, $3 million from the ADRiFi multi-donor trust fund, and approximately $2.44 million in national counterpart contributions for insurance premiums.

    The project aligns with Benin’s National Development Plan 2018-2025 and its National Adaptation Plan 2022-2027, supporting the country’s agricultural transformation objectives while strengthening climate change resilience through innovative instruments such as insurance. Strategic partnerships with the World Food Programme, the World Bank, and bilateral donors such as Swiss and Luxembourg cooperations ensure comprehensive support for sustainable agricultural development, including the establishment of agricultural insurance in Benin.

    For Benin’s farming families, this financing represents hope for protected harvests, stable incomes, and a safer future for their children. For northern Benin communities, this project is a guarantee of stability and social cohesion in a strategic region of West Africa, and finally, for the Beninese state, the project ensures financial resilience against increasingly recurrent disaster risks.

    The African Development Bank Group remains committed to supporting Africa’s agricultural transformation through innovative climate adaptation solutions that protect vulnerable communities while promoting sustainable development and regional stability.

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

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

    About the African Development Bank Group:
    The African Development Bank Group is Africa’s leading development finance institution. It comprises three distinct entities: the African Development Bank (AfDB), the African Development Fund (ADF) and the Nigeria Trust Fund (NTF). Represented in 41 African countries, with an external office in Japan, the Bank contributes to the economic development and social progress of its 54 regional member countries. For more information: www.AfDB.org

    Media files

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    MIL OSI Africa

  • MIL-OSI China: Beijing’s budget revenue rises 2.6% in H1

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

    Beijing’s economy showed continued stability and growth in the first half of 2025, driving a 2.6% increase in municipal budget revenue that maintained the city’s top position nationwide for revenue quality, local officials said Wednesday.

    Han Jie, director of the Beijing Municipal Finance Bureau, told the city legislature that general public budget revenue reached 357.12 billion yuan ($50 billion) in the first six months, exceeding the half-year target by 3.9 percentage points.

    All three main tax categories posted positive growth, with tax revenue accounting for 87.3% of total revenue, the highest rate nationwide, Han said during his report to the 18th session of the Standing Committee of the 16th Beijing Municipal People’s Congress.

    The figures reflect Beijing’s sustained economic momentum and high-quality fiscal performance, officials said.

    Key economic sectors drove the fiscal growth. Scientific and technological services posted a 13.4% increase in tax revenue, while information services grew 7.7%.

    On the spending front, Beijing’s general public budget expenditures totaled 459 billion yuan, surpassing the half-year target by 4.6 percentage points. The city allocated more than 80% of its budget to public welfare, prioritizing livelihood and development programs.

    Spending also increased across key areas, including science and technology, education, health care, culture and sports, social security, employment and urban-rural development.

    Science and technology investment rose to 58.49 billion yuan, up 3.5% and ranking among the nation’s highest both in scale and proportion of total spending, officials said.

    Eight newly established government investment funds deployed 18.86 billion yuan across 212 projects, leveraging about 72.8 billion yuan in private capital to support high-tech and advanced manufacturing industries.

    The city also strengthened budget oversight, expanding pre-spending evaluations to all major new projects and cutting 1.22 billion yuan from 214 projects.

    MIL OSI China News

  • MIL-OSI China: Loan data points to stabilizing realty sector

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

    This aerial panoramic photo taken on Jan. 10, 2023 shows a view of Lujiazui area in the China (Shanghai) Pilot Free Trade Zone in east China’s Shanghai. [Photo/Xinhua]

    The latest lending data showing a rebound in property-related loans indicates early signs of stabilization in China’s real estate market, signaling a gradual recovery in financing activity and a renewed sense of confidence among developers and homebuyers, industry experts said on Thursday.

    They said that more supportive measures are expected to be rolled out to restore momentum in the property market while existing policies gradually take effect, which will further boost market confidence and pave the way for overall market stabilization in the coming months.

    Data released on Tuesday by the People’s Bank of China, the nation’s central bank, shows that as of the end of the second quarter of 2025, outstanding renminbi real estate loans amounted to 53.33 trillion yuan ($7.45 trillion), up 0.4 percent year-on-year, an increase of 0.6 percentage point over the end of 2024.

    In the first half of the year, real estate loans increased by 416.6 billion yuan, while property development loans rose 292.6 billion yuan, reaching 13.81 trillion yuan, up 0.3 percent year-on-year.

    The data also showed that outstanding individual housing loans stood at 37.74 trillion yuan, down 0.1 percent year-on-year, but the decline narrowed by 1.2 percentage points from the end of 2024.

    “This is a clear and encouraging sign that the real estate market is gradually stabilizing. Consecutive quarters of positive loan growth suggest that financing is flowing more smoothly again — both for developers and homebuyers,” said Shaun Brodie, head of research content for China with Cushman & Wakefield, a global real estate services company.

    “It also reflects improving confidence among financial institutions and a more supportive policy environment. These factors collectively indicate that the market is transitioning from a correction phase toward a more balanced and sustainable footing,” Brodie said.

    Yao Yao, head of research at JLL China, said the growth tendency is more evident in property development loans.

    “Although property loan growth is still subdued, it has posted year on-year gains for a second straight quarter, with development loan balances rising even faster. That momentum has been largely echoed by stronger land auction results in core cities since the start of the year, backed by a rising supply of prime land,” said Yao.

    Ding Zuyu, chairman of China Real Estate Information Corp, said that since June, while the central government has actively worked to boost domestic demand and stimulate consumption, local governments have also continued to strengthen market-stabilizing policies.

    “Notable examples are Guangdong province’s Shen­zhen and Zhuhai promoting mutual recognition of housing provident fund loans; Hangzhou allowing the use of provident fund savings for down payments; and Binhu district of Jiangsu province’s Wuxi launching a “SuChao” (Jiangsu Football City League) ticket stub subsidy program offering up to 50,000 yuan for homebuyers,” said Ding.

    In the first half of this year, local governments rolled out over 340 measures, primarily focusing on optimizing housing provident fund policies, offering home purchase subsidies and adjusting land supply, according to media reports.

    Yan Yuejin, deputy head of the Shanghai-based E-House China R&D Institute, said that in the first half of 2025, China’s real estate market showed positive momentum, reflecting both the effective impact of supportive housing policies and strong underlying demand.

    This upward trend has laid a solid foundation for further market recovery in the second half of the year, Yan said, adding that with supply and demand having undergone substantial adjustments, the sector is well-positioned for more balanced and sustainable growth moving forward.

    MIL OSI China News

  • Why are Thailand and Cambodia fighting along their border?

    Source: Government of India

    Source: Government of India (4)

    Thailand and Cambodia are engaged in their worst fighting in over a decade, exchanging heavy artillery fire across their disputed border, with at least 16 people killed and tens of thousands displaced.

    Tensions began rising between the Southeast Asian neighbours in May, following the killing of a Cambodian soldier during a brief exchange of gunfire, and have steadily escalated since, triggering diplomatic spats and now, armed clashes.

    WHAT IS THE CURRENT SITUATION?

    Clashes broke out between the two countries early on Thursday along a disputed area abutting an ancient temple, rapidly spilling over to other areas along the contested frontier and heavy artillery exchanges continuing for a second straight day.

    Thailand recalled its ambassador to Phnom Penh on Wednesday and expelled Cambodia’s envoy, in response to a second Thai soldier losing a limb to a landmine that Bangkok alleged had been laid recently by rival troops. Cambodia called that accusation baseless.

    Both sides accuse each other of firing the first shots that started the conflict on Thursday, which have so far claimed the lives of at least 15 civilians, most of them on the Thai side.

    Cambodia has deployed truck-mounted rocket launchers, which Thailand says have been used to target civilian areas, while the Thai armed forces despatched US-made F-16 fighter jets, using one to bomb military targets across the border.

    Some 130,000 people have been evacuated from border areas in Thailand to safer locations, while some 12,000 families on the Cambodian side have been shifted away from the frontlines, according to local authorities.

    WHERE DOES THE DISPUTE ORIGINATE?

    Thailand and Cambodia have for more than a century contested sovereignty at various undemarcated points along their 817 km (508 miles) land border, which was first mapped by France in 1907 when Cambodia was its colony.

    That map, which Thailand later contested, was based on an agreement that the border would be demarcated along the natural watershed line between the two countries.

    In 2000, the two countries agreed to establish a Joint Boundary Commission to peacefully address overlapping claims, but little progress has been made towards settling disputes.

    Claims over ownership of historical sites have raised nationalist tension between the two countries, notably in 2003 when rioters torched the Thai embassy and Thai businesses in Phnom Penh over an alleged remark by a Thai celebrity questioning jurisdiction over Cambodia’s World Heritage-listed Angkor Wat temple.

    WHAT WERE PREVIOUS FLASHPOINTS?

    An 11th century Hindu temple called Preah Vihear, or Khao Phra Viharn in Thailand, has been at the heart of the dispute for decades, with both Bangkok and Phnom Penh claiming historical ownership.

    The International Court of Justice awarded the temple to Cambodia in 1962, but Thailand has continued to lay claim to the surrounding land.

    Tension escalated in 2008 after Cambodia attempted to list the Preah Vihear temple as a UNESCO World Heritage site, leading to skirmishes over several years and at least a dozen deaths, including during a weeklong exchange of artillery in 2011.

    Two years later, Cambodia sought interpretation of the 1962 verdict and the ICJ again ruled in its favour, saying the land around the temple was also part of Cambodia and ordering Thai troops to withdraw.

    WHAT’S BEHIND RECENT TROUBLES?

    Despite the historic rivalry, the current governments of Thailand and Cambodia enjoy warm ties, partly due to the close relationship between their influential former leaders, Thailand’s Thaksin Shinawatra and Cambodia’s Hun Sen.

    But nationalist sentiment has risen in Thailand after conservatives last year questioned the government’s plan to negotiate with Cambodia to jointly explore energy resources in undemarcated maritime areas, warning such a move could risk Thailand losing the island of Koh Kood in the Gulf of Thailand.

    Tensions also rose in February when a group of Cambodians escorted by troops sang their national anthem at another ancient Hindu temple that both countries claim, Ta Moan Thom, before being stopped by Thai soldiers.

    An effort by then Thai premier Paetongtarn Shinawatra, Thaksin’s daughter, to de-escalate the situation in a call last month with Hun Sen spectacularly backfired after a recording of the conversation was initially leaked and later released in full by the Cambodian leader.

    In the call, the 38-year-old prime minister appeared to criticize a Thai army commander and kowtow to Hun Sen, drawing public fury and a complaint from a group of senators, which led to her suspension by a court order on July 1.

    HAVE THERE BEEN ANY RESOLUTION EFFORTS?

    After the May 28 clash, both countries quickly promised to ease tension, prevent more conflict and seek dialogue via their joint border commission at a June 14 meeting.

    The neighbours have issued diplomatically worded statements committing to peace while vowing to protect sovereignty, but their militaries have been mobilising near the border.

    Cambodia, meanwhile, said existing mechanisms were not working and it planned to refer disputes in four border areas to the ICJ to settle “unresolved and sensitive” issues that it said could escalate tensions.

    Thailand has not recognised the ICJ’s rulings on the row and wants to settle it bilaterally.

    Since Thursday’s clashes, Cambodia has written to the United Nations Security Council, urging the body to convene a meeting to stop what it describes as “unprovoked and premeditated military aggression” by Thailand.

    Thailand, on the other hand, wants to resolve the conflict through bilateral negotiations but says talks can only take place after Cambodia ceases violence.

    (Reuters)

  • White House touts Columbia deal, critics see dangerous precedent

    Source: Government of India

    Source: Government of India (4)

    Columbia University’s agreement to pay more than $220 million to the U.S. government to resolve federal probes was not capitulation but a means to restore vital public funding, the university’s acting president said on Thursday.

    But critics expressed concern about a harmful precedent in what they see as President Donald Trump’s push for greater control over elite U.S. colleges.

    Trump has targeted Columbia and other universities over the pro-Palestinian student protest movement that roiled college campuses last year.

    Harvard University is fighting the Trump administration in court and critics have likened the Columbia deal to extortion.

    Columbia faced the loss of billions of dollars in future federal funds and the potential revocation of the visa status of thousands of international students, said Acting President Claire Shipman.

    “This was not capitulation,” Shipman told CNN, adding that the deal protected the university’s “academic integrity.”

    Under the settlement, Columbia will pay $200 million to the U.S. Treasury and a further $21 million to a fund to resolve alleged civil rights violations against Jewish employees following the October 7, 2023, Hamas attack on Israel, senior administration officials said.

    In return, the university regained access to some $1.7 billion in federal funding and grants, Shipman said.

    The deal comes after the Trump administration in March penalized Columbia over how it handled last year’s protests by canceling $400 million in federal funding. It contended that Columbia’s response to alleged antisemitism and harassment of Jewish and Israeli members of the university community was insufficient.

    The school later acquiesced to a series of demands that included scrutiny of departments offering courses on the Middle East and other concessions that were widely condemned by U.S. academics.

    Wednesday’s deal formalized many of those concessions in what Education Secretary Linda McMahon called an “incredible win” for the government.

    “It is our hope this is going to be a template for other universities around the country,” McMahon told cable network NewsNation. “We’re already seeing other universities taking these measures before investigation.”

    McMahon said Columbia agreed to discipline student offenders for severe disruptions of campus operations, bring viewpoint diversity to their Middle Eastern studies programs, eliminate race preferences from their hiring and admissions practices, and end DEI (diversity, equity and inclusion) programs.

    Columbia law professor David Pozen called the agreement a “shakedown” and said it set a precedent for “pay-to-play” deals the Trump administration is seeking with other schools.

    “The agreement gives legal form to an extortion scheme,” Pozen said in a blog post, calling it the first time antisemitism and DEI have been invoked as the basis for a government-enforced restructuring of a private university.

    Shipman said the agreement contained no provisions that “shall be construed as giving the United States authority to dictate faculty hiring, university hiring, admissions decisions, or the content of academic speech.”

    (Reuters)

     

  • MIL-OSI United Kingdom: Statement on Australia-UK Ministerial Consultations (AUKMIN) July 2025

    Source: United Kingdom – Executive Government & Departments

    Press release

    Statement on Australia-UK Ministerial Consultations (AUKMIN) July 2025

    Joint statement from UK and Australia on the Australia-UK Ministerial Consultations (AUKMIN) July 2025

    1 . On 25 July 2025, the Minister for Foreign Affairs Senator the Hon Penny Wong and the Deputy Prime Minister and Minister for Defence the Hon Richard Marles MP hosted the Secretary of State for Foreign, Commonwealth and Development Affairs the Rt Hon David Lammy MP and the Secretary of State for Defence the Rt Hon John Healey MP for the Australia-UK Ministerial Consultations (AUKMIN) in Sydney.

    2 . Ministers noted the global security environment had become more dangerous and unpredictable since they last met in December 2024. They recognised the elevated importance of the enduring Australia-UK relationship in responding together to address these challenges.

    3 . Ministers agreed to significantly increase their cooperation to bolster Australia and the UK’s defence and national security, enhance economic security and mitigate and address the impacts of climate change. Ministers agreed on the enduring importance of the UK-Australia relationship in delivering economic growth to our peoples and globally.

    4 . Ministers underscored the role Australia and the UK play in upholding the rules, norms and institutions, including respect for universal human rights, that underpin global prosperity and security, and noted their deep, clear and longstanding commitment to the multilateral system. They committed to consider joint initiatives and advocacy on multilateral reform, including on the UN Secretary-General’s UN80 Initiative, to ensure the multilateral system is able to continue to deliver on critical core functions and mandates.

    Closer cooperation in the Indo-Pacific

    5 . Ministers reaffirmed that the security, resilience and prosperity of the Indo-Pacific and Euro-Atlantic regions are interconnected. They committed to continue to expand efforts to safeguard internationally agreed rules and norms and respect for sovereignty. Ministers agreed on the need to shape a world characterised by adherence to rules and norms, rather than power or coercion.

    6 . Ministers committed to further strengthen cooperation, bilaterally and with regional partners, to ensure a peaceful, stable and prosperous Indo-Pacific. Ministers agreed the UK and Australia’s enduring engagement in the Indo-Pacific was important to shaping a favourable strategic balance in the region.

    7 . Recognising the deteriorating geostrategic environment, Ministers emphasised the need for all countries to manage strategic competition responsibly, and the importance of dialogue and practical measures to reduce the risks of miscalculation, escalation and conflict.

    8 . Ministers reiterated their strong opposition to coercive or destabilising activities by China’s Coast Guard, naval vessels and maritime militia in the South China Sea, including sideswiping, water cannoning and close manoeuvres that have resulted in injuries, endangered lives and created risks of miscalculation and escalation. Ministers agreed to continue cooperating to support freedom of navigation and overflight in the region, including through participation in joint activities. They also reiterated their concern about the situation in the East China Sea.

    9 . Ministers emphasised the obligation of all states to adhere to international law, particularly the United Nations Convention on the Law of the Sea (UNCLOS), which provides the comprehensive legal framework for all activities in the ocean and seas. They agreed that maritime disputes must be resolved peacefully and in accordance with international law. Ministers reaffirmed that the 2016 South China Sea Arbitral Tribunal decision is final and binding on the parties. They emphasised any South China Sea Code of Conduct must be consistent with UNCLOS and not undermine the rights of States under international law.

    10 . Ministers agreed on the critical importance of peace and stability across the Taiwan Strait. They called for the peaceful resolution of cross-Strait issues through dialogue and not through the threat or use of force or coercion, and reaffirmed their opposition to unilateral changes to the status quo. They expressed concern at China’s destabilising military exercises around Taiwan. Ministers recognised that the international community benefits from the expertise of the people of Taiwan and committed to support Taiwan’s meaningful participation in international organisations where statehood is not a pre-requisite or as an observer or guest where it is. They reiterated their will to continue to deepen relations with Taiwan in the economic, trade, scientific, technological, and cultural fields.

    11 . Ministers strongly condemned the DPRK’s ongoing nuclear and ballistic missile programs and called for the complete, verifiable and irreversible denuclearisation of the DPRK. Ministers also expressed grave concern over the DPRK’s malicious cyber activity, including cryptocurrency theft and use of workers abroad to fund the DPRK’s unlawful weapons of mass destruction and ballistic missile programs.

    12 . Ministers emphasised their commitment to ASEAN centrality and recognised the critical role of ASEAN-led architecture in promoting peace, stability and prosperity in the region. They reaffirmed their ongoing commitment to support the practical implementation of the ASEAN Outlook on the Indo-Pacific.

    13 . Ministers underscored their commitment to deepen engagement on trade and investment diversification in Southeast Asia, including through Invested: Australia’s Southeast Asia Economic Strategy to 2040, Australia’s AUD 2 billion Southeast Asian Investment Financing Facility and dedicated Southeast Asia Investment Deal Teams, and the UK’s enhanced economic engagement. Ministers agreed to continue to strengthen coordination on clean energy transition in Southeast Asia and cooperation to bolster the region’s economic resilience through the mobilisation of private finance for climate objectives and green infrastructure, exploring collaboration on financing of low-carbon energy projects, and coordination of support to the ASEAN Power Grid.

    14 . Ministers reaffirmed their commitment to combat people smuggling, human trafficking and modern slavery in South and Southeast Asia, recognising that women and girls were most impacted, with a focus on trafficking into scam centres.

    15 . Ministers reiterated their commitment to the Indian Ocean Rim Association (IORA) as the premier ministerial-level forum in the Indian Ocean region. They agreed to continue collaboration on shared priorities in the Indian Ocean, including maritime security.

    16 . Ministers reiterated their serious concern at the deepening humanitarian crisis and escalating violence in Myanmar, compounded by the devastating earthquake in March. They strongly condemned the Myanmar regime’s violent oppression of its people, including the continued bombardment of civilian infrastructure. They called for all parties to prioritise the protection of civilians. They called on the regime to immediately cease violence, release those arbitrarily detained, allow safe and unimpeded humanitarian access, and return Myanmar to the path of inclusive democracy. Ministers reiterated their support for ASEAN’s efforts to resolve the crisis, including through the Five Point Consensus and the work of the ASEAN Special Envoy and UN Special Envoy. They welcomed ASEAN leaders’ recent call for an extended and expanded ceasefire, and inclusive national dialogue.

    17 . Ministers highlighted their commitment to continue to work with Pacific island countries through existing regional architecture, recognising the centrality of the Pacific Islands Forum. They agreed on the importance of pursuing Pacific priorities as set out in the 2050 Strategy for the Blue Pacific Continent. Ministers joined Pacific partner calls for increased access to climate finance, including further support to Pacific-owned and led mechanisms such as the Pacific Resilience Facility. Ministers welcomed ongoing reform of multilateral climate funds, including the Green Climate Fund (GCF), to provide better outcomes for Pacific island countries, noting encouraging progress made regarding the accreditation of Direct Access Entities and GCF regional presence. Ministers welcomed the UK’s continued contributions to Pacific security through their assistance in the removal of explosive remnants of war via their participation in the Australian-led Operation Render Safe. Ministers agreed to continue to work together to advance transparent and high-quality development in line with the Pacific Quality Infrastructure Principles (PQIPs), including through the Pacific Business Club. Ministers committed to work collaboratively on respective approaches to the Multilateral Development Banks (MDBs) to encourage reform consistent with the PQIPs. Ministers underscored our shared commitment to cyber coordination and capacity-building in the Pacific including through support to the inaugural Pacific Cyber Week in August 2025, a concept endorsed by the Pacific Islands Forum. Ministers emphasised the importance of sharing expertise and strengthening people-to-people links for a more cyber-resilient Pacific.

    Ambitious partners, facing global challenges together

    18 . Ministers unequivocally condemned Russia’s full-scale invasion of Ukraine and called on Russia to immediately withdraw its troops from Ukraine’s internationally recognised territory, and adhere fully to its obligations under international law, including in relation to the protection of civilians and treatment of prisoners of war. They reiterated their commitment to making sure that Ukraine gets the military and financial support it needs to defend itself in the fight now and agreed to step up action against Russia’s war machine. They emphasised the importance of taking further action against Russia’s shadow fleet, acknowledging the sanctions both countries had imposed in this regard. They also called on Russia to immediately cease their illegal deportation of Ukrainian children and reunify those already displaced with their families and guardians in Ukraine.

    19 . Ministers reiterated their deep concerns about the role of third countries in supporting Russia’s illegal war in Ukraine and the associated impact for the security of the Indo-Pacific. They called on China to prevent its companies from supplying dual-use components to Russia’s war effort, and exercise its influence with Russia to stop Moscow’s military aggression and enter negotiations to end the war in good faith. Ministers strongly condemned the DPRK’s support for Russia through the supply of munitions and deployment of DPRK personnel to enable Russia’s war efforts. Ministers called on Iran to cease all support for Russia’s illegal war against Ukraine and halt the transfer of ballistic missiles, UAVs and related technology.

    20 . Ministers agreed deepening military cooperation between Russia and the DPRK was a dangerous expansion of Russia’s war that has significant implications for security in the Indo-Pacific region. They expressed deep concerns about any political, military or economic support Russia may be providing to the DPRK’s nuclear and ballistic missile programs. Ministers affirmed their commitment to cooperating with international partners to strengthen efforts to hold the DPRK to account for violations and evasions of UN Council Resolutions (UNSCRs) including as founding members of the Multilateral Sanctions Monitoring Team (MSMT). Ministers acknowledged the release of the MSMT’s first report, which shines a light on unlawful DPRK-Russia military cooperation including arms transfers and Russia’s training of DPRK troops. Ministers urged all UN Member States to abide by their international obligations under the UNSCRs to implement sanctions, including the prohibition on the transfer or procurement of arms and related material to or from the DPRK.

    21 . Ministers called on Iran and Israel to adhere to the ceasefire and urged Iran to resume negotiations with the US. Ministers stated their determination that Iran must never develop a nuclear weapon. It is essential that Iran act promptly to return to full compliance with its safeguards obligations, cooperate fully with the International Atomic Energy Agency, and refrain from actions that would compromise efforts to address the security situation in the Middle East. Ministers condemned Iran’s unjust detention of foreign nationals and raised ongoing concerns over the human rights situation in Iran, particularly the escalation of the use of the death penalty as a political tool during the 12-day conflict, and the ongoing repression of women, girls and human rights defenders.

    22 . Ministers reiterated their support for Israel’s security and condemnation of Hamas’ horrific attacks on 7 October 2023, and underlined that Israeli actions must abide by international law. They called for an immediate ceasefire in Gaza, an end to Israeli blocks on aid, and the urgent and unconditional release of all hostages.

    23 . Ministers reaffirmed their conviction that an immediate and sustained ceasefire, alongside urgent steps towards a credible and irreversible pathway to a two-state solution are the only ways to deliver lasting peace, security and stability for Israelis, Palestinians and the wider region.

    24 . Ministers expressed grave concerns at the horrific and intolerable situation in Gaza. They continue to be appalled by the immense suffering of civilians, including Israel’s blocking of essential aid. They reiterated their call for Israel to immediately enable full, safe and unhindered access for UN agencies and humanitarian organisations to work independently and impartially to save lives, end the suffering and deliver dignity. Ministers also condemned settler violence in the West Bank, which has led to deaths of Palestinian civilians and the displacement of whole communities, and expressed opposition to any attempt to expand Israel’s illegal settlements.

    25 . Ministers expressed their deep concern for the safety and security of humanitarian personnel working in conflict settings around the world. They reaffirmed their commitment to finalise a Declaration for the Protection of Humanitarian Personnel and implement practical actions to ensure greater respect for and protection of humanitarian personnel. Ministers also called on all countries to endorse the Declaration once launched and to reaffirm their responsibility to uphold humanitarian principles and ensure respect for international humanitarian law. Ministers discussed the essential role of the humanitarian system which is critical to saving lives and livelihoods and avoiding mass displacement. Ministers noted that the core work of the UN, the Red Cross and Red Crescent Movement, and international, national and local humanitarian organisations, must be preserved. Ministers also reiterated support for the Emergency Relief Coordinator’s humanitarian reset.

    26 . Ministers committed to continue close collaboration on protecting and promoting gender equality internationally and countering rollback of rights, including through Australia-UK Strategic Dialogues on Gender Equality and progressing subsequent agreed commitments, such as the UK-Australia Gender Based Violence MoU.

    27 . Ministers reaffirmed their commitment to the full implementation of the Women Peace and Security (WPS) agenda. They acknowledged the 25th anniversary of UN Security Council Resolution 1325 and agreed to continue working together on implementing the WPS agenda, promoting the full, equal, meaningful and safe participation and leadership of women in conflict prevention, mediation and resolution, and working together on preventing conflict-related sexual violence and ending impunity.

    28 . Ministers reiterated their serious shared concerns about human rights violations in China, including the persecution and arbitrary detention of Uyghurs and Tibetans and the erosion of their religious, cultural, education and linguistic rights and freedoms. They expressed their deep concern with the transfer of a cohort of 40 Uyghurs to China against their will in February this year. Ministers shared grave concerns about the ongoing systemic erosion of Hong Kong’s autonomy, freedom, rights and democratic processes, including through the imposition of national security legislation and the prosecution of individuals such as British national Jimmy Lai and Australian citizen Gordon Ng. They shared their deep concern over the actions of Hong Kong authorities in targeting pro-democracy activists both within Hong Kong and overseas, including in Australia and the UK.

    29 . Ministers expressed growing concern over foreign information manipulation and interference (FIMI) and attempts to undermine security and democratic institutions and processes. They committed to working closely to analyse and respond to FIMI in order to raise the costs for malign actors, and build collective responses to FIMI, including in multilateral fora, and to promote resilient, healthy, open and fact-based environments.

    30 . Ministers acknowledged the unprecedented opportunities presented by critical and emerging technologies, including artificial intelligence, and the need to mitigate harms to build trust and confidence. They committed to collaborate on reciprocal information sharing on advanced AI capabilities and research, including between Australian agencies and the UK AI Security Institute, and working together to capture the opportunities of AI through the bilateral Cyber and Critical Technology Partnership.

    31 . Australia welcomed the UK’s new Laboratory for AI Security Research (LASR) and looked forward to exploring the opportunities for cooperation between our nations. The lab will pull together our world-class industry, academia and government agencies to ensure we reap the benefits of AI, while detecting, disrupting and deterring adversaries who would use it to undermine our national security and economic prosperity.

    32 . Ministers expressed shared concern over the persistent threat of malicious cyber activities impacting our societies and economies and agreed to continue to work closely on leveraging all tools of deterrence, including the use of attributions and sanctions to impose reputational, financial costs and travel bans on these actors. Our respective statements calling out the egregious activity of Russia’s GRU on Friday 18 July is a good example of such cooperation.

    33 . The UK is pleased to welcome Australia as a partner to the Common Good Cyber Fund, designed to strengthen cybersecurity for individuals most at risk from digital transnational repression. The Fund was first launched by the Prime Ministers of the UK and Canada under the G7 Rapid Response Mechanism. This participation underscores the growing commitment among G7 partners and like-minded nations to counter this threat and to deliver support to those who may be targeted.

    34 . Ministers reiterated their commitment to the Commonwealth as a unique platform for cross-regional dialogue and cooperation. They noted the importance of the Commonwealth in elevating the voices of small developing states on issues of global importance. Ministers took note of the important role of the Commonwealth Small States Offices in New York and Geneva, and committed to looking into options for expansion of this offer.

    Building shared defence capability

    35 . Ministers welcomed the continued growth in the bilateral defence relationship including the deployment of a British Carrier Strike Group to Australia for Exercise Talisman Sabre 2025 as part of an Indo-Pacific deployment. HMS Prince of Wales is the first UK aircraft carrier to visit Australia since 1997 and the deployment demonstrates the UK’s ongoing commitment to increase interoperability with Australia in the Indo-Pacific following significant contributions to Exercises Pitch Black and Predator’s Run in 2024. Ministers look forward to future opportunities in Australia and the wider region, including leveraging the Royal Navy’s (RN) offshore patrol vessels persistently deployed in the Indo-Pacific.

    36 . Ministers also welcomed the success of the inaugural Australia-UK Staff Level Meeting, with the second meeting set to take place in Australia later this year. This forum will continue to progress joint strategic and operational objectives, supporting the evolution of the bilateral relationship.

    37 . Ministers reaffirmed their enduring commitment to the generational AUKUS partnership, which is supporting security and stability in the Indo-Pacific and beyond, enhancing our collective deterrence against shared threats. This capability and technology sharing partnership will deliver military advantage to deter adversaries and promote regional security. The partnership also provides new pathways for innovation, boosting interoperability between partners and strengthening our combined defence industrial base.

    38 . Ministers announced their intent to sign a bilateral AUKUS treaty between the UK and Australia on Saturday, 26 July. The Treaty is a landmark agreement, which will underpin the next 50 years of UK-Australian bilateral cooperation under AUKUS Pillar I.

    39 . The Treaty will enable comprehensive cooperation on the design, build, operation, sustainment, and disposal of our SSN-AUKUS submarines; support the development of the personnel, workforce, infrastructure and regulatory systems required for Australia’s nuclear-powered submarine program; and realise increased port visits and the rotational presence of a UK Astute Class submarine at HMAS Stirling under Submarine Rotational Force – West.

    40 . The Treaty will enable our two countries to deliver a cutting-edge undersea capability through the SSN-AUKUS, in conjunction with our partner the US. Through working together we are supporting stability and security in the Indo-Pacific and beyond for decades to come, creating thousands of jobs, strengthening our economies and supply chains, building our respective submarine industrial bases and providing new opportunities for industry partners.

    41 . Ministers welcomed the significant progress made towards delivering Pillar I, including the entry into force of the AUKUS Naval Nuclear Propulsion Agreement between Australia, the UK and US on 17 January 2025 and the progress in design of the SSN-AUKUS submarines that will be operated by the RN and the Royal Australian Navy (RAN).

    42 . Ministers welcomed the UK’s June commitment, in its Strategic Defence Review, to build up to 12 SSN-A submarines, and continuous submarine production through investments in Barrow and Raynesway that will allow the UK to produce a submarine every 18 months, and recognised the UK’s additional investment to transform the UK’s submarine industrial base.

    43 . Ministers reaffirmed Australia and the UK’s strong and ongoing commitment to the delivery of the AUKUS Optimal Pathway. Reflecting the UK’s enduring dedication to this partnership, and long-standing engagement in the Indo-Pacific, Ministers welcomed the planned deployment of a RN submarine to undertake a port visit to Australia in 2026, delivering a varied programme of operational and engagement activities. The visit will support preparations for the establishment of the Submarine Rotational Force – West from as early as 2027, and represents another step forward on the shared path towards the delivery of SSN-AUKUS – ensuring our navies are ready, integrated, and capable of operating together to promote security and stability in the region.

    44 . Ministers underscored the importance of ensuring Australia’s acquisition of a conventionally-armed, nuclear-powered submarine capability sets the highest non-proliferation standard, and endorsed continued close engagement with the International Atomic Energy Agency.

    45 . Ministers affirmed their commitment under AUKUS Pillar II to continue to deliver tangible advanced capabilities to our defence forces and welcomed progress to date. By leveraging advanced technologies, our forces become more than the sum of their parts. They underlined the importance of Pillar II in streamlining capability acquisition and strengthening our defence innovation and industry sectors.

    46 . As part of Talisman Sabre 25, AUKUS partners participated in Maritime Big Play activities as well as groundbreaking AI and undersea warfare trials. The partners tested the remote operation of the UK’s Extra Large Unmanned Underwater Vehicle, Excalibur, controlled from Australia while operating in UK waters. The exercise once again accelerated interoperability between our forces and the accelerated integration of remote and autonomous systems.

    47 . Ministers noted the successful UK E-7A Seedcorn training program in Australia. The program, which is set to conclude in December 2025, was established to preserve a core of Airborne Early Warning and Control expertise within the Royal Air Force (RAF) and to lay a strong foundation for the introduction of the UK’s own Wedgetail aircraft. Thanks to the exceptional support of the Royal Australian Air Force (RAAF), since its inception in 2018, 30 RAF personnel – including pilots, mission crew, engineer officers, aircraft technicians, and operations specialists – have benefited from world-class training and exposure to the Wedgetail capability.

    48 . Ministers welcomed the upcoming deployment of a RAAF E-7A Wedgetail to Europe in August under Operation Kudu to help protect vital supply lines for humanitarian aid and military assistance into Ukraine. Delivering upon the vision for true interchangeability detailed in the Wedgetail Trilateral Joint Vision Statement in 2023, this deployment will see the Wedgetail jointly crewed by Australian and British service members in a live operational setting.  Ministers also welcomed Australia’s decision to extend support for training Ukrainian personnel under Operation Interflex, through Operation Kudu, to the end of 2026. Australia and the UK will also continue to work closely together to share insights and observations from the conflict.

    49 . Ministers reiterated their nations’ continued investment in the Five Power Defence Arrangements (FPDA) as a unique multilateral arrangement that plays a constructive role in building habits of cooperation and enhancing the warfighting capabilities of its members. They look forward to Exercise Bersama Lima 2025 which will feature high-end warfighting serials and next-generation assets such as Australia’s F-35s and the UK’s Carrier Strike Group.

    50 . Ministers affirmed their shared ambition to conduct a bilateral defence industry dialogue at both the Senior Official and Ministerial levels, providing a forum to deepen defence industry collaboration, enhance joint capability development, and cooperate on procurement reform to ensure improved efficiency in capability acquisition and sustainment.

    51 . Ministers agreed to deepen cooperation on using Active Electronically Scanned Array (AESA) radar technology in both nations. This includes exploring the potential of using Australian AESA radar technologies for UK integrated air and missile defence applications. They agreed to undertake a series of targeted risk reduction activities in the near future to inform future decisions.”

    52 . Ministers agreed to progress personnel exchanges that support the future combat effectiveness of the Australian Hunter Class and British Type 26 Frigates. To support the introduction of these platforms into service, the RAN and RN will undertake a series of maritime platform familiarisation activities that enable our people to gain experience in critical capabilities, including underwater and above water weapon systems, primary acoustical intelligence analysis, and overall signature management.

    53 . Ministers agreed to strengthen their sovereign defence industries through closer collaboration between the UK’s Complex Weapons Pipeline and Australia’s Guided Weapons and Explosive Ordnance Enterprise. As a first step the Ministers announced a collaborative effort to develop modular, low cost components for next-generation weapon systems.

    54 . Ministers acknowledged the shared legacy and the contribution of veterans to the bilateral relationship. They reaffirmed their commitment to identify avenues for closer collaboration on improving veterans’ health and transition services.

    Partnering on trade, climate and energy

    55 . Ministers agreed to work closely to safeguard and strengthen the role that free and fair trade and the rules-based multilateral trading system plays in economic prosperity and building resilience against economic shocks.

    56 . Ministers reaffirmed the importance of the rules-based multilateral trading system, with the World Trade Organization (WTO) at its core, to economic security and prosperity. Ministers agreed to deepen cooperation to reform and reposition the Organization, and the broader global trading system, to meet the trade challenges of the new economic and geopolitical environment. Ministers agreed to continue working together to overcome blockages in multilateral rulemaking, including by working in smaller and more agile plurilateral groupings to address contemporary challenges, such as non-market policies and practices, which could complement ongoing multilateral efforts. They welcomed cooperation on plurilateral rulemaking, including efforts to have the E-Commerce Agreement incorporated into WTO architecture and brought into force as soon as possible. They reaffirmed the importance of restoring a fully-functioning dispute settlement system as soon as possible, welcoming the UK’s decision to join the Multi-Party Interim Appeal Arbitration Arrangement (MPIA) while our countries work to fix the system.

    57 . Ministers welcomed the entry into force of the UK’s accession to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) in December 2024 and welcomed Australia as 2025 Chair. Ministers affirmed the need to work cooperatively together to ensure the CPTPP remains high standard and fit-for-purpose in addressing evolving challenges through continued progress on the CPTPP General Review and expansion of the membership. They looked forward to planned CPTPP trade and investment dialogues with the EU and with ASEAN.

    58 . Ministers welcomed the second meeting of the Australia-United Kingdom Free Trade Agreement (A-UKFTA) Joint Committee on 3 June which celebrated the strong and growing trade and investment relationship between the UK and Australia and the strong uptake of the agreement’s benefits.

    59 . Ministers welcomed close engagement on economic security under the annual United Kingdom-Australia Economic Security Dialogue, noting that its establishment by AUKMIN in 2023 was timely in preparing for future needs. They reflected on the closer integration of our analysis capabilities and committed to a joint-funded track 1.5 to generate practical insights and informal policy dialogue that will inform our joint economic security efforts.

    60 . As both countries continue to develop their bilateral partnership through the UK-Australia FTA, the Economic Security Dialogue, and other fora, Ministers committed to deepening cooperation in key sectors of mutual interest. Ministers view this as an opportunity to explore new areas of collaboration and share best practices in the interests of boosting bilateral trade and investment, facilitating innovation and research, and supporting our mutual economic security and resilience. This year, officials in relevant departments will compare approaches with the aim to identify areas of common interest or complementary strength and discuss further opportunities for related cooperation. This may include initiatives to advance supply chain resilience, frontier research, investment promotion, public finance cooperation, and effective regulation.

    61 . Ministers affirmed the calls in the Global Stocktake under the Paris Agreement for countries to come forward in their next NDCs with ambitious emissions reduction targets aligned with keeping 1.5 degrees within reach. In that context, Ministers recognised the immense economic opportunities in ambitious climate action and a rapid transition to renewable energy. Ministers welcomed the UK’s ambitious NDC and looked forward to Australia’s NDC and Net-Zero Plan. Ministers further welcomed the report released by the UN Secretary General titled ‘Seizing the Moment of Opportunity: Supercharging the new energy era of renewables, efficiency, and electrification’ that highlighted the compelling economic case for the rapidly declining cost of renewable energy, and the rapidly growing role of the clean energy economy in powering jobs and economic growth. Ministers affirmed their determination to fulfil multilateral climate commitments and reiterated the importance of reforming the finance system and improving access to climate finance for developing countries. Ministers recommitted to building nature-positive economies to support a central theme of Brazil’s COP Presidency. The UK reiterated its support for Australia’s bid to host COP31 in partnership with the Pacific and expressed the hope that a decision would soon be reached. Ministers welcomed UK sharing its hosting experience and agreed to explore secondments to support COP31 planning. The UK and Australia welcome the close collaboration between our countries in the Intergovernmental Negotiating Committee (INC) negotiations for an international legally binding instrument on plastic pollution, including through our shared membership of the High Ambition Coalition to End Plastic Pollution. At this critical juncture ahead of INC-5.2, the final opportunity to secure an agreement, we call upon all members of the INC to recommit to working constructively to achieve an effective comprehensive agreement that addresses the full lifecycle of plastic. We recognise that Commonwealth countries are particularly affected by plastic pollution and in that regard we renew our commitment to collaborating through the Commonwealth Clean Ocean Alliance, to tackle plastic pollution in the commonwealth. Ministers pledged to deepen collaboration through the UK-Australia Climate and Clean Energy Partnership.

    62 . Ministers welcomed close cooperation to support the development of resilient critical mineral supply chains governed by market principles. This includes developing a roadmap to promote a standards-based market to reflect the real costs of responsible production, processing and trade of critical minerals as agreed at the recent G7 meeting on 17 June. Ministers agreed upon the importance of the sustainable and responsible extraction and processing of critical minerals for the energy transition, and committed to working together on solutions. These include the new Critical Minerals Supply Finance developed by UK Export Finance (UKEF) which can provide finance support to overseas critical minerals projects that supply the UK’s high-growth sectors. UKEF has up to £5bn in finance support available for projects in Australia and will work closely with Export Finance Australia. Ministers also undertook to ensure the UK is consulted on the design and implementation of Australia’s Critical Minerals Strategic Reserve.

    63 . Ministers discussed the leading roles being played by Australia and the UK in the full and effective implementation of the Biodiversity Beyond National Jurisdiction (BBNJ) Agreement welcoming in particular Australia’s role as Co-Chair of the Preparatory Commission. Ministers were encouraged by each country’s progress towards ratification of the treaty, which is a landmark agreement for protection of the world’s ocean.

    64 . Ministers discussed the increasing geostrategic, climatic, and resource pressures on the Antarctic and Southern Ocean region and reaffirmed their shared and long-standing commitment to the Antarctic Treaty System (ATS). Ministers committed to upholding together the ATS rules and norms of peaceful use, scientific research, international cooperation and environmental protection, and to deepen understanding of the impact of climate change on the oceans and the world through Antarctic research including in the context of the International Polar Year of 2032/33. Ministers welcomed the United Kingdom’s chairing of CCAMLR for 2024-5 and 2025-6.

    65 . Ministers agreed on the importance of ensuring all children have the right to grow up in a safe and nurturing family environment. Ministers recognised the transformative impact on children’s health, capacity to learn and economic prospects that growing up in a family-based environment can have. Ministers acknowledged the UK’s Global Campaign on Children’s Care Reform and agreed to work together to drive international awareness and demonstrate their commitment to children’s care reform.

    66 . Ministers reiterated their commitment to upholding shared values and continuing to invest in sustainable development, gender equality, disability equity and social inclusion, which underpin global prosperity. To support sustainable development, Ministers agreed to deepen cooperation with emerging donors of development assistance, to diversify funding, enhance development effectiveness, share lessons and build trust and transparency with partners. Ministers committed to work together to deliver sustainable solutions for Small Island Developing States (SIDS), recognising their unique vulnerabilities and to ensure meaningful engagement in international processes, including ODA graduation.

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    Updates to this page

    Published 25 July 2025

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Appointments to the Board of Royal Botanic Gardens, Kew

    Source: United Kingdom – Executive Government & Departments

    News story

    Appointments to the Board of Royal Botanic Gardens, Kew

    Three new appointments and two reappointments made

    A series of appointments and reappointments have been made to the Board of Royal Botanic Gardens, Kew.

    Dame Dervilla Mitchell, Dr Fiona Pathiraja and Sarah Greasley have been appointed as Trustees. Dervilla and Fiona’s four-year terms commenced on 1 July 2025. Sarah’s four-year term will commence on 1 October 2025.

    Steve Almond and Kate Priestman have been reappointed as Trustees for a second term of four years from 2 October 2025 to 1 October 2029.

    These appointments have been made in accordance with the Governance Code on Public Appointments published by the Cabinet Office. All appointments are made on merit and political activity plays no part in the selection process.

    Biographies

    Dame Dervilla Mitchell

    Dervilla is an experience engineering leader who has been involved in significant infrastructure programmes at Heathrow, Dublin and Abu Dhabi airports. She has also led the design of a range of new build and renovation projects in different sectors. She spent the majority of her career at Arup, a trust-owned organisation, latterly serving as Global Deputy Chair and Ethics Director.

    She became involved in the decarbonisation agenda whilst a member of the Council for Science and Technology and subsequently took on the role of Chair of the National Engineering Policy Centre’s decarbonisation working group. Her non-executive experience has been gained through Trustee roles as Vice President of the Royal Academy of Engineering and serving as a school governor at three different girls’ schools in London.

    She was awarded a DBE for Services to Engineering in 2024, having previously received a CBE in 2014. She has received Honorary Doctorates from University College Dublin, as well as Imperial College London, where she now sits on the Industry Advisory Board for the Department of Civil and Environmental Engineering.

    Dr Fiona Pathiraja

    Fiona is an investor and philanthropist. She is Managing Partner of Crista Galli Ventures, a pan-European healthtech venture capital firm. She serves on several boards and is currently a trustee of the Royal College of Physicians and the Royal College of Arts. Fiona leads philanthropic endeavours at IPQ Capital, her Family Office, and is vice-chair of London Business School’s fundraising board.

    A former NHS consultant radiologist at University College London Hospital, Fiona has held a range of strategic and leadership roles across healthcare, including Clinical Advisor to the Department of Health and Social Care. She is a Fellow of the Royal College of Radiologists, a Member of the Faculty of Public Health, and holds Master of Business Administration and Master of Public Health degrees. Fiona is an advocate for greater diversity in technology and investment.

    Sarah Greasley

    Sarah is an accomplished technology leader with more than 40 years’ expertise working in both the technology and financial services industries. She was Solutions Architecture Director for Europe, Middle East and Africa at Amazon Web Services, and prior to that, she was Group Chief Technology Officer at Direct Line Group and a Distinguished Engineer at IBM. She has a broad range of leadership experience across new technologies, strategy, risk and resilience. She also has a strong focus on increasing diversity, equity and inclusion.

    She has a degree in Mathematics from the University of Cambridge and is a Chartered Fellow of the British Computing Society, as well as a Fellow of the Institute of Engineering and Technology. Sarah is a Trustee of the British Exploring Society and a Governor at Charterhouse School.

    Steve Almond

    After obtaining a BA in History at Royal Holloway College, University of London, Steve trained as a Chartered Accountant at Deloitte and spent much of his career there as an Audit Partner specialising in the financial services industry. He worked in a variety of roles for 16 years on the Deloitte UK Executive and, concurrently, eight years on the Global Executive. He has a wealth of experience advising large company boards and audit committees and served for 10 years on the board of Deloitte UK. In 2011, he was elected Chairman of Deloitte’s Global Board. In that capacity, he represented Deloitte on various external bodies, including the Accounting for Sustainability Advisory Board; International Integrated Reporting Council; Social Progress Index Advisory Board; and the World Business Council for Sustainable Development.

    Kate Priestman

    Kate has worked in the biopharma industry for over 25 years and is currently Chief Corporate and External Affairs Officer at CSL. Before joining CSL, Kate served as Senior Vice-President of R&D Strategy and Portfolio at GlaxoSmithKline, focused on the development of transformational medicines and vaccines. Kate also serves as a Non-Executive Director at Oxford Nanopore Technologies PLC. Kate’s career has spanned roles in commercial, corporate governance, communications and government affairs, following an early career at the BBC as a presenter and documentary maker. In her spare time, Kate is an artist and creator of a popular design blog; her work inspired an installation in the Chicago Botanic Garden in 2016 and is used in schools as part of the creative arts curriculum.

    Updates to this page

    Published 25 July 2025

    MIL OSI United Kingdom

  • MIL-OSI Africa: Western Cape works to enhance road safety

    Source: Government of South Africa

    The Western Cape is working to enhance efforts aimed at preventing road incidents, particularly those involving pedestrians.

    This as the Western Cape Mobility Department is working closely with law enforcement, municipalities, and Joint Traffic Control Centres (JTCCs) in this undertaking.

    According to the provincial department, pedestrians are the most vulnerable road users, accounting for the majority of lives lost on the province’s roads this month.

    Of the 72 road fatalities recorded across the province from 1 to 22 July 2025, pedestrians account for the most deaths, highlighting the need for focused interventions.

    READ | Western Cape concerned at 23 deaths on province’s roads in one week 

    The department said many of these incidents occurred in high-density municipal areas, with Khayelitsha, Milnerton, Paarl, and Kuilsriver repeatedly emerging as hotspots for multiple pedestrian deaths.

    In addition, the R300 corridor, a provincial route, also recorded several fatalities. 

    Meanwhile, outside the primary hotspots, there were over 20 individual pedestrian deaths spread across the province, from metro suburbs to smaller rural towns. 

    “This wide distribution highlights that no community is immune and underscores the need for a province-wide safety response. Recent statistics reveal that pedestrian fatalities occur mostly at night, along highways, and on poorly lit roads,” the statement read. 

    Contributing factors include jaywalking, alcohol use by both pedestrians and drivers, speeding, and non-utilisation of pedestrian infrastructure.

    The department stated that it was collaborating with relevant stakeholders to prevent road incidents involving road users. 
    In the meantime, the province has conducted 442 vehicle checkpoint operations in the first three weeks of July, including 219 drunk driving operations, 84 public transport checks, and targeted operations focusing on seatbelt use, vehicle fitness, learner and farm worker transport.

    The team is deploying road safety ambassadors in high-risk areas to educate communities on safe road use and is launching awareness campaigns supported by schools, neighbourhood watches, non-governmental organisations (NGOs), and other community groups.

    They are also enhancing law enforcement visibility on highways and provincial routes, with improved monitoring.

    Western Cape Mobility MEC, Isaac Sileku, said the loss of pedestrian lives is not just a statistic; it represents families torn apart and communities left in mourning. 

    “We urge both motorists and pedestrians to take responsibility. Motorists must slow down and remain vigilant, while pedestrians should always use designated crossings, wear visible clothing at night, and avoid walking under the influence of alcohol,” Sileku said.

    Meanwhile, the department is also preparing to roll out new pedestrian safety infrastructure and interventions in identified high-risk zones in the coming months, as part of its ongoing strategy to reduce road deaths.

    “Road safety is a collective effort. By working together, as government, drivers, and pedestrians, we can turn the tide on these preventable deaths,” it said. – SAnews.gov.za
     

    MIL OSI Africa

  • MIL-OSI Africa: Hlabisa to lead third roundtable with business on local government review

    Source: Government of South Africa

    The Minister of Cooperative Governance and Traditional Affairs (CoGTA), Velenkosini Hlabisa, will lead the third CoGTA–National Business Initiative (NBI) Roundtable on the review of the 1998 White Paper on Local Government.

    According to the department, Hlabisa will be joined by Deputy Minister Dr Namane Dickson Masemola at the East London International Convention Centre in East London on Wednesday, 30 July 2025.

    The roundtable, themed ‘Every Municipality Must Work – A Call to Collective Action’, is part of an inclusive policy reform process aimed at shaping a modern and effective local government system.

    This engagement will allow the business sector to reflect on the legacy and limitations of the 1998 White Paper and identify policy priorities for a renewed local government framework. 

    The platform will also offer practical recommendations from business and provincial perspectives and strengthen partnerships to improve governance and infrastructure delivery.

    “Efficient local government is critical to economic growth and business sustainability. Poor service delivery increases operational costs, disrupts business, and threatens jobs. 

    “This roundtable offers business leaders a platform to influence policies that reduce investment risk and foster a conducive business environment,” the advisory read. 

    Attendees will include business leaders, key economic institutions, Buffalo City Metro executive leadership, NBI, local business chambers in the Eastern Cape, and other private sector stakeholders. 

    In April this year, Hlabisa officially published a discussion document on the Review of the 1998 White Paper on Local Government. 

    This represents a significant and necessary step towards creating a reimagined and results-oriented local government system in South Africa.

    This document, published under Notice No. 6118 (Gazette: 52498), initiates a national discussion aimed at producing a revised White Paper on Local Government by March 2026.

    According to the department, the review aims to incite fresh thinking, honest reflection, and decisive action toward building a fit-for-purpose local government system that truly serves the people of South Africa. 

    In addition, the document aims to assess and revise outdated assumptions of the 1998 White Paper on Local Government and strengthen cooperative governance among the three spheres of government. 

    The initiative aims to align reforms with related efforts, including amendments to the Municipal Finance Management Act (MFMA), the Municipal Structures Act, and the Spatial Planning and Land Use Management Act (SPLUMA). 

    It also seeks to enhance integration with traditional leadership, improve community participation, and address systemic challenges, such as municipal financial sustainability, over-politicisation, climate risk, and spatial inequality. – SAnews.gov.za

    MIL OSI Africa

  • MIL-OSI Europe: Monetary developments in the euro area: June 2025

    Source: European Central Bank

    25 July 2025

    Components of the broad monetary aggregate M3

    The annual growth rate of the broad monetary aggregate M3 decreased to 3.3% in June 2025 from 3.9% in May, averaging 3.7% in the three months up to June. The components of M3 showed the following developments. The annual growth rate of the narrower aggregate M1, which comprises currency in circulation and overnight deposits, decreased to 4.6% in June from 5.1% in May. The annual growth rate of short-term deposits other than overnight deposits (M2-M1) was -1.1% in June, compared with -0.1% in May. The annual growth rate of marketable instruments (M3-M2) decreased to 10.4% in June from 11.5% in May.

    Chart 1

    Monetary aggregates

    (annual growth rates)

    Data for monetary aggregates

    Looking at the components’ contributions to the annual growth rate of M3, the narrower aggregate M1 contributed 2.9 percentage points (down from 3.2 percentage points in May), short-term deposits other than overnight deposits (M2-M1) contributed -0.3 percentage points (down from 0.0 percentage points) and marketable instruments (M3-M2) contributed 0.7 percentage points (down from 0.8 percentage points).

    Among the holding sectors of deposits in M3, the annual growth rate of deposits placed by households decreased to 3.3% in June from 3.5% in May, while the annual growth rate of deposits placed by non-financial corporations decreased to 1.5% in June from 2.7% in May. Finally, the annual growth rate of deposits placed by investment funds other than money market funds decreased to 13.1% in June from 15.4% in May.

    Counterparts of the broad monetary aggregate M3

    The annual growth rate of M3 in June 2025, as a reflection of changes in the items on the monetary financial institution (MFI) consolidated balance sheet other than M3 (counterparts of M3), can be broken down as follows: claims on the private sector contributed 2.6 percentage points (up from 2.4 percentage points in May), net external assets contributed 2.4 percentage points (down from 2.5 percentage points), claims on general government contributed 0.0 percentage points (down from 0.2 percentage points), longer-term liabilities contributed -1.1 percentage points (as in the previous month), and the remaining counterparts of M3 contributed -0.6 percentage points (down from -0.1 percentage points).

    Chart 2

    Contribution of the M3 counterparts to the annual growth rate of M3

    (percentage points)

    Data for contribution of the M3 counterparts to the annual growth rate of M3

    Claims on euro area residents

    The annual growth rate of total claims on euro area residents stood at 2.0% in June 2025, compared with 1.9% in the previous month. The annual growth rate of claims on general government decreased to 0.1% in June from 0.6% in May, while the annual growth rate of claims on the private sector increased to 2.7% in June from 2.5% in May.

    The annual growth rate of adjusted loans to the private sector (i.e. adjusted for loan transfers and notional cash pooling) increased to 3.0% in June from 2.8% in May. Among the borrowing sectors, the annual growth rate of adjusted loans to households increased to 2.2% in June from 2.0% in May, while the annual growth rate of adjusted loans to non-financial corporations increased to 2.7% in June from 2.5% in May.

    Chart 3

    Adjusted loans to the private sector

    (annual growth rates)

    Data for adjusted loans to the private sector

    Notes:

    • Data in this press release are adjusted for seasonal and end-of-month calendar effects, unless stated otherwise.
    • “Private sector” refers to euro area non-MFIs excluding general government.
    • Hyperlinks lead to data that may change with subsequent releases as a result of revisions. Figures shown in annex tables are a snapshot of the data as at the time of the current release.

    MIL OSI Europe News

  • Thailand rejects international mediation to end fighting with Cambodia

    Source: Government of India

    Source: Government of India (4)

    Thailand has rejected mediation efforts from third countries to end the ongoing conflict with Cambodia, insisting that Phnom Penh cease attacks and resolve the situation only through bilateral talks, its foreign ministry said on Friday.

    Simmering border tensions between Thailand and Cambodia have flared into open hostilities at multiple locations along the frontline, with exchanges of artillery for a second straight day.

    At least 16 people, most of them Thai civilians, have died so far in the heaviest fighting between the Southeast Asian neighbours in over a decade.

    The United States, China and Malaysia, which is the current chair of the ASEAN regional bloc, have offered to facilitate dialogue but Bangkok is seeking a bilateral solution to the conflict, Thai foreign ministry spokesperson Nikorndej Balankura told Reuters.

    “I don’t think we need any mediation from a third country yet,” Nikorndej said in an interview.

    Cambodia and Thailand accuse each other of starting the conflict early on Thursday at a disputed site, which quickly escalated from small arms fire to heavy shelling along a border where sovereignty has been disputed for more than a century.

    “We stand by our position that bilateral mechanism is the best way out, this is a confrontation between the two countries,” Nikorndej said, adding that the Cambodian side must stop violence along the border first.

    “Our doors are still open.”

    Cambodia’s government did not immediately respond to a request for comment. Its Prime Minister Hun Manet asked the United Nations Security Council on Thursday to convene a meeting on the issue, condemning what he called “unprovoked and premeditated military aggression” by Thailand.

    The body has said it will hold a closed-door meeting to discuss the issue on Friday.

    The fighting broke out a day after Thailand recalled its ambassador to Phnom Penh on Wednesday and expelled Cambodia’s envoy, in response to landmine explosions that injured Thai soldiers.

    Thai authorities allege the mines had been laid recently by Cambodia, a charge dismissed by Phnom Penh as baseless.

    Malaysian Prime Minister Anwar Ibrahim, the chair of 10-nation ASEAN of which both Thailand and Cambodia are members, said on Thursday he had spoken to the leaders of both countries and urged them to find a peaceful resolution.

    “If the ASEAN family wants to facilitate a return to constructive bilateral negotiations, that’s welcome as well,” Nikorndej said.

    (Reuters)

  • MIL-OSI Africa: The Gambia: African Development Fund Approves $19.93 Million Grant to Tackle Fragility and Expand Opportunities for Rural Youth and Women

    Source: APO

    The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved $19.93 million grant funding for the Resilience Building – Vulnerable Youth and Women Support Project, designed to improve access to basic social services for underserved communities in The Gambia.

    The initiative seeks to address the root causes of poverty and irregular migration by creating sustainable livelihoods and tackling early signs of fragility and preventing structural drivers of conflict and instability in the targeted region. It forms part of the Bank’s scaled-up prevention agenda under the Prevention Envelope of the Transition Support Facility (TSF), which emphasizes early response to fragility risks and systematic drivers of conflict.

    The Gambia faces severe economic challenges, with 53.4% of the population living below the poverty line. Poverty is particularly severe in rural areas, affecting 76 percent of residents, compared to 34 percent in urban areas. Youth unemployment stands at 38.6%, with women disproportionately impacted — 1.3 unemployed women for every unemployed man. These socio-economic disparities, coupled with limited access to services, are major push factors fuelling irregular migration and social instability.

    Although the country has achieved robust electricity access nationwide, glaring regional inequalities persist. In areas such as Kuntaur and Janjanbureh, fewer than one in four people have access to electricity, compared to 95 percent in the capital. Additionally, one in four children suffers from malnutrition. By targeting these gaps, the project aims to renew the social contract and foster community resilience.

    “This project represents our commitment to tackling the foundational causes of fragility, poverty, exclusion, and lack of opportunity, by investing in people and systems that build community resilience and hope,” said Dr. Joseph Ribeiro, African Development Bank Deputy Director General for West Africa, and Country Manager for The Gambia. “Through the TSF Prevention Envelope, we are acting early to prevent conflict and youth migration by fostering inclusive growth, gender equality, and institutional stability, while building foundations for sustainable livelihoods that will keep families and communities together.”

    The project will directly create 1,500 jobs, enhance productivity for 5,000 existing positions, and provide annual skills training to 500 youth in high-demand sectors such as agriculture, engineering, ICT, and renewable energy. In addition, support will be extended to 500 women-led micro and small enterprises and 50 women’s cooperatives.

    Key investments in health infrastructure will include rehabilitating four primary health facilities vulnerable regions, including Basse, Kuntaur, and Janjanbureh, where maternal mortality and child malnutrition rates exceed national averages. Enhanced nutrition surveillance systems will enable early detection for 22,000 children and facilitate treatment for 1,000 children requiring specialized care.

    Food insecurity has surged, rising from 13.4 percent in 2021 to 29 percent in 2023, with peaks of 61 percent in areas such as Kuntaur. The project will address this crisis by promoting climate-smart agriculture and strengthening local values chains to improve food security and reduce vulnerability to climate shocks.

    Financial inclusion is a core pillar of the intervention. With 77 percent of Gambian youth currently excluded from formal financial services, the project will establish dedicated credit lines and provide business development support to unlock entrepreneurship, particularly for women who face systemic barriers to accessing capital and markets.

    The initiative also includes scaling up efforts to tackle gender-based violence and inequality, and capacity-building for government institutions to enhance data-driven policymaking and long-term monitoring of fragility trends.

     Civil society organisations, including the Association of Non-Governmental Organizations (TANGO), will be central to ensuring the project is inclusive, participatory, and aligned with national priorities.

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

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

    About the African Development Bank Group:
    The African Development Bank Group is Africa’s premier development finance institution. It comprises three distinct entities: the African Development Bank (AfDB), the African Development Fund (ADF) and the Nigeria Trust Fund (NTF). On the ground in 41 African countries with an external office in Japan, the Bank contributes to the economic development and the social progress of its 54 regional member states. For more information: www.AfDB.org

    Media files

    .

    MIL OSI Africa

  • Indian men’s hockey team to tour Australia for four-match series in August

    Source: Government of India

    Source: Government of India (4)

    The Indian men’s hockey team is set to tour Australia in August for a four-match series, scheduled to be held at the Perth Hockey Stadium from August 15 to 21.

    The matches will be played on August 15, 16, 19, and 21.

    The two sides recently faced each other in the FIH Pro League 2024–25 in Europe, where Australia edged out India 3–2 in both legs. However, India had earlier scripted a memorable 3–2 victory over the Kookaburras at the 2024 Paris Olympics — their first Olympic win over Australia since the 1972 Munich Games.

    While recent encounters have been closely fought, Australia have historically held the edge in the rivalry, winning 35 of the 51 matches played between the two teams since 2013. India have won nine times, with seven matches ending in draws.

    The series will serve as an important preparation phase for India ahead of the Asia Cup 2025, set to be held in Rajgir, Bihar, from August 29 to September 7. The tournament offers a direct qualification spot for the FIH Hockey Men’s World Cup 2026, making the Australia tour a key milestone in India’s buildup.

    Speaking about the tour, chief coach Craig Fulton said, “This tour comes at a crucial time for us, just ahead of the Asia Cup in Bihar. While these are technically friendly matches, they form a very important part of our preparation phase. Playing against a team like Australia will test us in all aspects — both on the ball and off it — and that is exactly what we need to sharpen up before a major tournament.”

    “We have just completed a 10-day training block, and the mood in the camp is upbeat as we are fully focused on what lies ahead. One of our key goals on this tour is to use the first two matches for selection purposes, while the remaining games will be played with the shortlisted squad for the Asia Cup. Our focus is firmly on moving forward — the goal now is to prepare well and go to the Asia Cup with the intent to win it,” he added.

    —IANS

  • MIL-OSI Russia: The government has suspended floating rates of duties on sunflower oil

    Translation. Region: Russian Federal

    Source: Government of the Russian Federation – Government of the Russian Federation –

    An important disclaimer is at the bottom of this article.

    Resolution of July 24, 2025 No. 1091

    Document

    Resolution of July 24, 2025 No. 1091

    The government is suspending the floating rates of export duties on sunflower oil and sunflower meal. This will increase the volume of shipments to foreign markets and support sunflower producers and processors. This decision was made at the suggestion of the Oil and Fat Union. It is especially relevant in anticipation of autumn field work.

    Floating rates of export customs duties on sunflower oil and meal were established by the Government from 2021 and 2022, respectively, in order to protect the domestic market from unjustified price increases. Thus, it was possible to stimulate the economic interest of producers in maintaining product supplies to the domestic market.

    Currently, the domestic market is fully supplied with sunflower oil. Therefore, the suspension will not affect the availability of sunflower oil for Russians.

    In June 2025, the export duty rate on sunflower oil was 7119.8 rubles per ton. In July – 4739.3 rubles per ton.

    In June 2025, the export duty rate on sunflower meal was 1,244.1 rubles per ton. In July 2025 – 1,054.4 rubles per ton.

    After the adoption of the Government Resolution, the rates were reset to zero. This measure will be in effect until August 31, 2025 inclusive.

    The signed document introduces changes toGovernment Resolution of April 6, 2021 No. 546.

    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 China: UN mission marks PLA anniversary in New York 2025-07-25 15:20:17 The Permanent Mission of China to the United Nations hosted a reception on Wednesday to mark the 98th anniversary of the founding of the Chinese People’s Liberation Army, which falls on Aug 1.

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

    The Permanent Mission of China to the United Nations hosted a reception on Wednesday to mark the 98th anniversary of the founding of the Chinese People’s Liberation Army, which falls on Aug 1.

    UN Under-Secretary-General for Operational Support Atul Khare and other senior executives, as well as military and police advisers to the UN, attended the event, with about 200 guests in total. China’s permanent representative to the UN, Fu Cong, also attended the reception.

    This year marks the 80th anniversary of both the victory of the Chinese people in the War of Resistance Against Japanese Aggression (1931-45) and the triumph of the global community in the World Anti-Fascist War, as well as the 80th anniversary of the founding of the UN, said Yin Zhongliang, military adviser of China to the UN.

    “This year is also the 35th anniversary of China’s participation in UN peacekeeping operations,” Yin said. “The PLA has provided a solid foundation for safeguarding national sovereignty, regional security and common development.”

    Despite current global instability and intensifying geopolitical challenges, the Chinese armed forces “remains committed to a defensive national defense policy, and sets the goal of contributing to build a community with a shared future for humanity”, he said.

    China will continue to promote the Global Security Initiative, strengthen support for and participation in UN peacekeeping missions, and work hard to bring more confidence and hope to the cause of world peace and stability, he added.

    In his remarks at the event, Khare commended Chinese peacekeepers for their professionalism and dedication. “China has provided long-standing and robust support to the UN’s peacekeeping efforts,” he said, highlighting the important role of Chinese troops in some of the UN’s most challenging missions.

    Khare underscored China’s contributions to peacekeeping medical services, aviation support, and technological innovations, citing recent examples of Chinese efforts in South Sudan, Mali, and the Democratic Republic of Congo.

    He also emphasized China’s leadership in organizing peacekeeping-related training and its support for gender-sensitive and community-based medical care in mission areas.

    Continued cooperation

    Cheryl Pearce, acting UN military adviser in the Department of Peace Operations, who ensures that peace operations receive the military support they need, said Chinese personnel demonstrate professionalism and commitment, and are a credit to UN peacekeeping. She expressed anticipation for continued cooperation as the PLA approaches its centenary.

    Throughout the reception, guests also viewed videos highlighting the history and modernization of the PLA. Chinese military anthems were sung and a white paper on China’s peacekeeping contributions was on display.

    China is the largest troop contributor among the five permanent members of the UN Security Council and has deployed more than 50,000 peacekeepers to over 25 missions since the 1990s, according to the UN and China’s Ministry of National Defense.

    MIL OSI China News

  • MIL-OSI China: ​Internet industry conference shines light on future development

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

    The opening ceremony of the 24th China Internet Conference in Beijing, July 23, 2025. [Photo by Liu Sitong/China.org.cn]

    The 24th China Internet Conference opened in Beijing on July 23, with industry experts gathering to share their thoughts on the development and future of the internet sector. 

    At the event’s opening ceremony, Wu Hequan, former vice president of the Chinese Academy of Engineering, said the internet sector has entered an era of development driven by artificial intelligence (AI). As such, he said that the industry should rely on AI agents, instead of generative AI, to create new application scenarios in order to realize commercial success. 

    Wu added that “AI for Internet” and “Internet for AI” will empower new quality productive forces and drive the transformation of business formats; however, related applications still require further innovations in technology and to business models. 

    Tang Ke, deputy general manager of China Telecom, spoke about the profound upgrading of AI-related computing power, data, algorithms, applications and security technology amid the new round of sci-tech revolution and industrial transformation that has reshaped the industrial ecosystem. 

    To ride this trend, Tang explained that China Telecom has been innovating technologies and fully developing its strength in AI. In addition, the company is building smart cloud capabilities, exploring computing power coordination to improve efficiency, and enriching AI applications while ensuring security. 

    Cheng Jianjun, vice president of China Mobile, said as a new driving force for digital economy, computing power has been growing faster than they could have been imagined. He explained that the company has so far established 13 smart computing centers and are currently building several super-large smart computing centers. 

    He added that the company has also invested in quantum technology, including a quantum computing cloud platform that has connected 500 universities and colleges and incubated a dozen enterprises. Meanwhile, to serve the development of low-altitude economy, the company is building a digital infrastructure network enabling integrated sensing and communication.

    Hao Liqian, deputy general manager of China Unicom, spoke about his company’s efforts to accelerate the integrated development of computing power, network, digital technology and large-scale models, and their focus on offering AI services that are convenient, efficient, practical, safe and inclusive. By innovating services, the company has also helped various regions such as Beijing and Chongqing to upgrade their government service hotlines to go smart. 

    Zhu Zheng, senior vice president and chief development officer of the popular e-commerce company Pinduoduo, introduced a program they launched in April. The company plans to invest 100-billion-yuan worth of resources over the next three years to improve the e-commerce ecosystem and help businesses on their platform transform and upgrade. 

    According to Zhu, the company has so far connected 1,000 agricultural areas and helped 16 million agricultural workers to participate in the digital economy. Meanwhile, the firm also provides digital services for manufacturing enterprises regarding product design and development, production and branding. 

    Gao Ji, chief executive officer of Chinese semiconductor provider HiSilicon, said that the audio video industry is highly relevant to the development of the internet sector. The company aims to provide an improved consumer experience with audio and video products. 

    Han Yonggang, vice president of China’s leading cybersecurity company QAX, said the company has aligned cybersecurity capabilities with digital development. He said that AI security means ensuring safe use of AI technology as well as using AI as a new driving force to enhance our security capabilities. He called for cybersecurity management and technology to be better connected, ensuring cybersecurity management with systematic technical support. 

    The China Internet Conference was organized by the Internet Society of China and will run until July 25.

    MIL OSI China News

  • Vice-Presidential election: Election Commission appoints returning officer and assistants

    Source: Government of India

    Source: Government of India (4)

    The Election Commission of India (ECI) has appointed the Secretary General of the Rajya Sabha as the returning officer for the upcoming Vice-Presidential election. The decision follows established convention, with the role rotating between the Secretaries General of the Lok Sabha and Rajya Sabha.

    The appointments were made under Section 3 of the Presidential and Vice-Presidential Elections Act, 1952, in consultation with the Union Ministry of Law and Justice and with the consent of the Deputy Chairman of the Rajya Sabha.

    In addition to the returning officer, the ECI has appointed Garima Jain, Joint Secretary, and Vijay Kumar, Director, both from the Rajya Sabha Secretariat, as assistant returning officers for the election.

    The formal Gazette notification is being issued separately.

    The Vice-Presidential election is conducted under Article 324 of the Constitution and governed by the Presidential and Vice-Presidential Elections Act, 1952, along with the accompanying rules from 1974.

    On Wednesday, the ECI initiated the process to conduct Vice-Presidential election, two days after Jagdeep Dhankhar resigned from the post citing health reasons.

    “The Election Commission of India, under Article 324, is mandated to conduct the election to the office of the Vice President of India. The election to the office of the Vice President of India is governed by The Presidential and Vice-Presidential Elections Act, 1952 and the rules made thereunder, namely The Presidential and Vice-Presidential Elections Rules, 1974,” said the ECI.

    Under Article 66(1) of the Constitution, the Vice-President is elected by an electoral college comprising members of both the Lok Sabha and the Rajya Sabha, using the system of proportional representation by means of a single transferable vote, with voting conducted by secret ballot.

    Dhankhar’s tenure was originally set to end on August 10, 2027.

  • PM Modi to unveil development projects worth over ₹4800 crore in Tamil Nadu

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi is set to embark on a two-day visit to Tamil Nadu on July 26 and 27, during which he will lay the foundation stone, inaugurate, and dedicate to the nation a wide array of development projects valued at over ₹4800 crore. His visit underscores the government’s commitment to enhancing infrastructure, regional connectivity, and cultural heritage in southern India.

    Upon his return from state visits to the United Kingdom and the Maldives, the Prime Minister will head directly to Tuticorin on the evening of July 26. There, he will inaugurate several key infrastructure projects designed to improve connectivity, logistics, energy efficiency, and overall quality of life in Tamil Nadu.

    One of the major highlights of his visit will be the inauguration of the New Terminal Building at Tuticorin Airport, constructed at a cost of around ₹450 crore. Spanning 17,340 square meters, the terminal is designed to handle 1,350 passengers during peak hours and up to 20 lakh annually, with provisions for future expansion. Equipped with energy-efficient systems and sustainable facilities, it aims to achieve a GRIHA-4 sustainability rating, promoting eco-friendly aviation infrastructure and boosting tourism and commerce in the region. GRIHA (Green Rating for Integrated Habitat Assessment) is a system for evaluating green buildings. It facilitates the assessment of a building’s performance based on nationally accepted standards or benchmarks.

    To significantly improve travel and trade, the Prime Minister will dedicate two strategically significant projects to the nation.
    The rail sector will also see significant upgrades aimed at reducing travel time and boosting freight movement.

    PM Modi will dedicate two major highway projects. The first is the 4-laning of the 50 km Sethiyathope–Cholapuram section of NH-36, developed at a cost exceeding ₹2,350 crore. This project includes bypasses, bridges, and flyovers and is expected to reduce travel time by 45 minutes between key delta districts. The second project involves the 6-laning of a 5.16 km stretch on NH-138, linking Tuticorin Port and surrounding industrial areas. Built at around ₹200 crore, it is expected to reduce logistics costs and enhance port-led industrial development.

    Further strengthening port infrastructure, the Prime Minister will inaugurate the North Cargo Berth–III at V.O. Chidambaranar Port. With a capacity of 6.96 million metric tonnes per annum (MMTPA), the ₹285 crore facility will meet rising demand for dry bulk cargo and improve cargo handling efficiency.

    PM Modi will dedicate to the nation three major rail infrastructure projects. These include the electrification of the 90 km Madurai–Bodinayakkanur section, the doubling of the 21 km Nagercoil Town–Kanniyakumari section, and doubling of shorter but critical links such as Aralvaymozhi–Nagercoil Junction and Tirunelveli–Melappalayam. Together, these upgrades will reduce travel time, enhance freight and passenger movement, and strengthen links between Tamil Nadu and neighboring Kerala.

    The Prime Minister will also lay the foundation stone for the Inter-State Transmission System (ISTS) for Kudankulam Nuclear Power Plant Units 3 and 4. The ₹550 crore project includes a high-capacity 400 kV double-circuit transmission line, enhancing the national grid and ensuring reliable clean energy supply to Tamil Nadu and other states.

    On July 27, PM Modi will travel to Tiruchirappalli to take part in the Aadi Thiruvathirai Festival at the historic Gangaikonda Cholapuram Temple. As part of the celebration, he will release a commemorative coin honoring Emperor Rajendra Chola I, one of India’s most iconic rulers, and mark the 1,000th anniversary of his maritime expedition to Southeast Asia.

    The event will also commemorate the beginning of the construction of the Gangaikonda Cholapuram temple, a marvel of Chola architecture and a UNESCO World Heritage Site. Rajendra Chola I, who ruled from 1014 to 1044 CE, is remembered for his expansive naval expeditions and for establishing a capital that embodied spiritual devotion and administrative excellence.

    This year’s Aadi Thiruvathirai holds special significance, as it aligns with Rajendra Chola’s birth star, Thiruvathirai, which began on July 23. The celebration also honors Tamil Shaiva Bhakti traditions and the legacy of the 63 Nayanmars, further highlighting the region’s cultural and religious heritage.

     

  • MIL-OSI Russia: Chinese and Russian think tanks should strengthen cooperation – Alexander Lukin

    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

    ZHENGZHOU, July 25 (Xinhua) — In the current complex and changing international situation, think tanks in Russia and China should strengthen cooperation, said Alexander Lukin, research director of the Institute of China and Modern Asia at the Russian Academy of Sciences, on the sidelines of the SCO Media and Think Tank Summit, which is being held from July 23 to 27 in Zhengzhou, capital of Henan Province, central China.

    Many scientific centers in Russia are already working on this, including the Institute of China and Modern Asia of the Russian Academy of Sciences. Analytical centers of China and Russia are strengthening cooperation in such areas as economics, international security, world politics, etc., added A. Lukin.

    “Strengthening cooperation between analytical centers of China and Russia, first of all, contributes to mutual understanding between the peoples, scientists and governments of our countries,” said A. Lukin. “In addition, such cooperation helps to strengthen and improve the quality of analytics and scientific information of both countries, and its promotion both within their countries and in the world as a whole.”

    A. Lukin noted that China’s economic development at the end of the 20th and beginning of the 21st centuries is a completely unique achievement in the history of mankind. Its uniqueness lies in the fact that such a combination of these methods was found that was suitable for such a huge country as China.

    According to him, this successful experiment deserves a thorough study, which is what researchers in many countries around the world are doing. -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 Australia: Press conference, Calamvale, Queensland

    Source: Australian Parliamentary Secretary to the Minister for Industry

    Jim Chalmers:

    The purpose of economic reform is to boost incomes and lift living standards over time. When we came to office, living standards were in free fall, inflation was much higher and galloping, real wages were falling, interest rates had already started to come up – and we’ve been turning things around. We’ve got inflation much lower, sustainably within the Reserve Bank’s target band, real wages are growing again, interest rates have started to come down, unemployment is low, we’ve delivered a couple of surpluses and we’ve got the Liberal debt down as well.

    We’ve made a lot of progress together in our economy, but we know that there’s more work to do. We’ve got a big agenda that we are delivering, that we are rolling out. But we know that at a time when people are still under pressure, the global economic environment is uncertain and when we’ve got these persistent structural issues in our economy as well, we’ve got more work to do and that’s what our efforts on economic reform are all about.

    Our Economic Reform Roundtable is all about making our economy more productive and more resilient and our budget more sustainable at the same time. Now, these are long‑standing issues in our economy and there’s no quick fix. We have an agenda that we’re rolling out, and we are looking to build consensus about next steps when it comes to our economy.

    Now, when it comes to the range of views which have been provided, especially in the last couple of days, whether it be from the union movement, the business community, the Productivity Commission, there have been a range of proposals put to us. I know that the Member for Wentworth and the federal parliament is hosting a tax reform discussion today as well.

    I want to make it really clear – we welcome ideas on the future of our economy from every corner of our economy and every part of our communities. This is a good thing to see the kind of engagement and interest that we’ve seen in the government’s Economic Reform Roundtable and all of the processes which surround it. We don’t expect there to be a unanimous view, but we are seeking common ground. We do welcome ideas from all parts of our country and we’re very encouraged by the level of interest and engagement that we are seeing.

    When it comes to the Productivity Commission report released overnight, I wanted to make a couple of points specifically about that. The Productivity Commission makes it really clear that this challenge in our economy has not been just a feature of our economy the last couple of years, but for the last couple of decades. Our productivity challenge is a long‑standing challenge. The weakest decade for productivity growth in the last 60 years was the decade that our political opponents presided over. So, this challenge has been in our economy for some time.

    There are no quick fixes and we want to work with business and unions and the community more broadly to turn that around over time. Making our economy more productive is one of the most important ways that we can boost incomes and lift living standards over time, and that’s why it’s such a priority for us. Our priorities are to make our economy more productive, to make our economy more resilient in the face of all this global uncertainty, and also to make our budget more sustainable. At the same time, the Productivity Commission has provided some thinking to help us work through these issues. We also welcome the input from unions and businesses and others. I suspect that there will be more of this between now and the Roundtable next month, and that’s a very good thing. Happy to take a couple of questions.

    Journalist:

    Minister, I’ve just got a few questions from our journos in Canberra. On productivity, business and unions are already taking shots at each other in the media over the Productivity Roundtable. Are you worried that the process is becoming unconstructive already?

    Chalmers:

    Not at all. There’ll be a range of views about our productivity challenge and that’s a good thing. We welcome engagement and interest and ideas from unions, from business, from the Productivity Commission, from the community sector and from others. It’s a good thing in a country like ours that we can tease out our differences and seek common ground and that’s what we’re seeing right now. This is precisely why we’re seeking to bring people together. Not because we expect everyone to have a unanimous view. But because everyone’s got an interest in strengthening our economy and strengthening our budget, making our economy more productive and more resilient, lifting living standards and boosting incomes.

    Every Australian has an interest in that. Not every Australian will have a unanimous view, but this is our best effort to seek common ground around these big, persistent structural challenges in our economy. We think it’s a good thing that that conversation that people are engaged in is robust. We think it’s a good thing that people are being blunt and upfront about their views. I think that gives us the best possible chance of working out if there’s common ground and where that common ground might exist.

    Journalist:

    How does Queensland benefit from the opening of [INAUDIBLE] beef imports from the US?

    Chalmers:

    Well, this has been a long standing process that has been underway. It’s a scientific process that involves experts and scientists and it makes sure that our arrangements are up to scratch. I see that there’s a lot of commentary around this in the last day or 2. I know that our political opponents want to play their usual low‑rent politics over it but this is a long‑standing scientific process. It’s coming to a conclusion and it’s all about making sure that we have the best arrangements based on the best scientific advice.

    Journalist:

    The ACTU says that workplace managers are dragging down the nation’s productivity. Is that a view you share?

    Chalmers:

    I think it’s obvious that when it comes to decisions taken by managers and by boards and by others, obviously, that has implications for productivity. I think it would be unusual in the extreme if the ACTU representing Australian workers weren’t able to make that view public. And as I said before, and in answer to your colleague’s question here, I think it’s a good thing.

    Whether it’s the unions, the business community, the PC or others, people should be free to express their views about the best way forward when it comes to making our economy more productive. Obviously, decisions taken by managers and by boards and by others are relevant here to the productivity challenge and I think the ACTU should be able to make their views public.

    Journalist:

    Hoping to ask you a question about the ABC’s Four Corners story about the ATO and Paul Keating’s company. Are you confident that ordinary taxpayers would have the same level of access and the opportunity to get a similar outcome on a tax write‑off as the former Prime Minister Paul Keating?

    Chalmers:

    Well, first of all, I want to make it clear that the first I knew about that decision was when I read it on the ABC website. It’s not something that I was involved in or aware of. In fact, the decision, as I understand it, was made about a decade ago in 2015. That’s 3 treasurers ago, 4 if you include Scott Morrison’s sneaky second stint as Treasurer. So, a long time ago under a government of a different persuasion and a few treasurers ago.

    The ATO takes these decisions independently, that’s how the system works, and treasurers of both political persuasions don’t make commentary on the tax affairs of individuals or individual companies. These decisions are rightly taken independently by the ATO. They have their own processes when it comes to reviewing and considering appeals and feedback that they get from different taxpayers. And that is appropriately a matter for them.

    Journalist:

    Will you be contacting them though, and asking them for a full explanation?

    Chalmers:

    Look, I speak regularly with the Commissioner of Tax Rob Heferen. I appointed him not that long ago. We met not that long ago, we catch up relatively frequently, but it’s not for me to second‑guess decisions taken 10 years ago under other treasurers and other tax commissioners. There are good reasons why the ATO takes those sorts of decisions independently, free of political involvement or interference.

    Journalist:

    Do you think that Glencore is bluffing when it says it’s going to close its copper smelter? And if it isn’t bluffing, what is the federal government doing to protect 17,000 indirect jobs through the chain of supply in North Queensland?

    Chalmers:

    This is a very anxious time for the workers of North Queensland and North West Queensland as well. Very anxious time. The Industry Minister, Tim Ayres, gave an update to the Senate yesterday – as I understand it – on these matters. Our priority is to try and find a way through. Minister Ayres, I think, is convening the major players involved here in the next few weeks to try and find a way through.

    I’m not interested in second guessing the explanations that the company might be providing. I’m interested in trying to find a way through, so I work with Tim Ayres. He’s been very focused on this. We’re obviously very aware of it. It’s obviously an anxious time for all of the workers and communities involved and so if we can find a way through, we will. Tim Ayres is bringing people together to try and see what the next steps could be.

    Journalist:

    Minister, France has announced it will recognise Palestine at the UN General Assembly in September, would that influence Australia’s position?

    Chalmers:

    That’s a matter for the French government. Our Australian position is very clear. We’ve called for an immediate end of the war in Gaza and we support an enduring 2 state solution as the best pathway out of this endless cycle of violence. So the Australian position is clear. I know that Penny Wong will be speaking later on today in the context of the AUKMIN ministers meeting in Sydney, so she might have more to add about that then.

    Journalist:

    Ms Spender is hosting her own tax roundtable today where halting the $3 million super tax will be discussed. Would you be open to hearing those similar sorts of views from that roundtable in your own discussions and roundtable?

    Chalmers:

    I’ve been consulting on that issue for 2 and a half years now. We announced that decision, that policy, 2 and a half years ago. We’ve done 3 rounds of formal consultation, there’s been Treasury‑led technical roundtables, stakeholder roundtables, bilateral engagement, so we’ve been engaging and consulting on that for years now. I know that Allegra has a view about it and she has a right to express that view, as do people participating at the roundtable. I want to say this more broadly, I think it’s absolutely terrific that Allegra Spender is bringing people together as part of the tax component of this Economic Reform Roundtable.

    The Economic Reform Roundtable, as I said, is about productivity, resilience and budget sustainability and obviously, tax has a role to play in all 3 of those things so I think it’s a really good thing that Allegra is bringing those experts together in Canberra today. As I understand it, I will obviously listen to and respect the views put forward around that table today in Canberra. My position on making these generous tax concessions – still generous, still concessional – but fairer and more sustainable is well known, well established.

    Thanks very much.

    Journalist:

    Thank you very much, Treasurer.

    MIL OSI News

  • MIL-OSI Economics: ToolShell: a story of five vulnerabilities in Microsoft SharePoint

    Source: Securelist – Kaspersky

    Headline: ToolShell: a story of five vulnerabilities in Microsoft SharePoint

    On July 19–20, 2025, various security companies and national CERTs published alerts about active exploitation of on-premise SharePoint servers. According to the reports, observed attacks did not require authentication, allowed attackers to gain full control over the infected servers, and were performed using an exploit chain of two vulnerabilities: CVE-2025-49704 and CVE-2025-49706, publicly named “ToolShell”. Additionally, on the same dates, Microsoft released out-of-band security patches for the vulnerabilities CVE-2025-53770 and CVE-2025-53771, aimed at addressing the security bypasses of previously issued fixes for CVE-2025-49704 and CVE-2025-49706. The release of the new, “proper” updates has caused confusion about exactly which vulnerabilities attackers are exploiting and whether they are using zero-day exploits.

    Kaspersky products proactively detected and blocked malicious activity linked to these attacks, which allowed us to gather statistics about the timeframe and spread of this campaign. Our statistics show that widespread exploitation started on July 18, 2025, and attackers targeted servers across the world in Egypt, Jordan, Russia, Vietnam, and Zambia. Entities across multiple sectors were affected: government, finance, manufacturing, forestry, and agriculture.

    While analyzing all artifacts related to these attacks, which were detected by our products and public information provided by external researchers, we found a dump of a POST request that was claimed to contain the malicious payload used in these attacks. After performing our own analysis, we were able to confirm that this dump indeed contained the malicious payload detected by our technologies, and that sending this single request to an affected SharePoint installation was enough to execute the malicious payload there.

    Our analysis of the exploit showed that it did rely on vulnerabilities fixed under CVE-2025-49704 and CVE-2025-49706, but by changing just one byte in the request, we were able to bypass those fixes.

    In this post, we provide detailed information about CVE-2025-49704, CVE-2025-49706, CVE-2025-53770, CVE-2025-53771, and one related vulnerability. Since the exploit code is already published online, is very easy to use, and poses a significant risk, we encourage all organizations to install the necessary updates.

    The exploit

    Our research started with an analysis of a POST request dump associated with this wave of attacks on SharePoint servers.

    Snippet of the exploit POST request

    We can see that this POST request targets the “/_layouts/15/ToolPane.aspx” endpoint and embeds two parameters: “MSOtlPn_Uri” and “MSOtlPn_DWP”. Looking at the code of ToolPane.aspx, we can see that this file itself does not contain much functionality and most of its code is located in the ToolPane class of the Microsoft.SharePoint.WebPartPages namespace in Microsoft.SharePoint.dll. Looking at this class reveals the code that works with the two parameters present in the exploit. However, accessing this endpoint under normal conditions is not possible without bypassing authentication on the attacked SharePoint server. This is where the first Microsoft SharePoint Server Spoofing Vulnerability CVE-2025-49706 comes into play.

    CVE-2025-49706

    This vulnerability is present in the method PostAuthenticateRequestHandler, in Microsoft.SharePoint.dll. SharePoint requires Internet Information Services (IIS) to be configured in integrated mode. In this mode, the IIS and ASP.NET authentication stages are unified. As a result, the outcome of IIS authentication is not determined until the PostAuthenticateRequest stage, at which point both the ASP.NET and IIS authentication methods have been completed. Therefore, the PostAuthenticateRequestHandler method utilizes a series of flags to track potential authentication violations. A logic bug in this method enables an authentication bypass if the “Referrer” header of the HTTP request is equal to “/_layouts/SignOut.aspx”, “/_layouts/14/SignOut.aspx”, or “/_layouts/15/SignOut.aspx” using case insensitive comparison.

    Vulnerable code in PostAuthenticateRequestHandler method (Microsoft.SharePoint.dll version 16.0.10417.20018)

    The code displayed in the image above handles the sign-out request and is also triggered when the sign-out page is specified as the referrer. When flag6 is set to false and flag7 is set to true, both conditional branches that could potentially throw an “Unauthorized Access” exception are bypassed.

    Unauthorized access checks bypassed by the exploit

    On July 8, 2025, Microsoft released an update that addressed this vulnerability by introducing additional checks to detect the usage of the “ToolPane.aspx” endpoint with the sign-out page specified as the referrer.

    CVE-2025-49706 fix (Microsoft.SharePoint.dll version 16.0.10417.20027)

    The added check uses case insensitive comparison to verify if the requested path ends with “ToolPane.aspx”. Is it possible to bypass this check, say, by using a different endpoint? Our testing has shown that this check can be easily bypassed.

    CVE-2025-53771

    We were able to successfully bypass the patch for vulnerability CVE-2025-49706 by adding just one byte to the exploit POST request. All that was required to bypass this patch was to add a “/” (slash) to the end of the requested “ToolPane.aspx” path.

    Bypass for CVE-2025-49706 fix

    On July 20, 2025, Microsoft released an update that fixed this bypass as CVE-2025-53771. This fix replaces the “ToolPane.aspx” check to instead check whether the requested path is in the list of paths allowed for use with the sign-out page specified as the referrer.

    CVE-2025-53771 fix (Microsoft.SharePoint.dll version 16.0.10417.20037)

    This allowlist includes the following paths: “/_layouts/15/SignOut.aspx”, “/_layouts/15/1033/initstrings.js”, “/_layouts/15/init.js”, “/_layouts/15/theming.js”, “/ScriptResource.axd”, “/_layouts/15/blank.js”, “/ScriptResource.axd”, “/WebResource.axd”, “/_layouts/15/1033/styles/corev15.css”, “/_layouts/15/1033/styles/error.css”, “/_layouts/15/images/favicon.ico”, “/_layouts/15/1033/strings.js”, “/_layouts/15/core.js”, and it can contain additional paths added by the administrator.

    While testing the CVE-2025-49706 bypass with the July 8, 2025 updates installed on our SharePoint debugging stand, we noticed some strange behavior. Not only did the bypass of CVE-2025-49706 work, but the entire exploit chain did! But wait! Didn’t the attackers use an additional Microsoft SharePoint Remote Code Execution Vulnerability CVE-2025-49704, which was supposed to be fixed in the same update? To understand why the entire exploit chain worked in our case, let’s take a look at the vulnerability CVE-2025-49704 and how it was fixed.

    CVE-2025-49704

    CVE-2025-49704 is an untrusted data deserialization vulnerability that exists due to improper validation of XML content. Looking at the exploit POST request, we can see that it contains two URL encoded parameters: “MSOtlPn_Uri” and “MSOtlPn_DWP”. We can see how they are handled by examining the code of the method GetPartPreviewAndPropertiesFromMarkup in Microsoft.SharePoint.dll. A quick analysis reveals that “MSOtlPn_Uri”  is a page URL that might be pointing to an any file in the CONTROLTEMPLATES folder and the parameter “MSOtlPn_DWP” contains something known as WebPart markup. This markup contains special directives that can be used to execute safe controls on a server and has a format very similar to XML.

    WebPart markup used by the attackers

    While this “XML” included in the “MSOtlPn_DWP” parameter does not itself contain a vulnerability, it allows attackers to instantiate the ExcelDataSet control from Microsoft.PerformancePoint.Scorecards.Client.dll with CompressedDataTable property set to malicious payload and trigger its processing using DataTable property getter.

    Code of the method that handles the contents of ExcelDataSet’s CompressedDataTable property in the DataTable property getter

    Looking at the code of the ExcelDataSet’s DataTable property getter in Microsoft.PerformancePoint.Scorecards.Client.dll, we find the method GetObjectFromCompressedBase64String, responsible for deserialization of CompressedDataTable property contents. The data provided as Base64 string is decoded, unzipped, and passed to the BinarySerialization.Deserialize method from Microsoft.SharePoint.dll.

    DataSet with XML content exploiting CVE-2025-49704 (deserialized)

    Attackers use this method to provide a malicious DataSet whose deserialized content is shown in the image above. It contains an XML with an element of dangerous type “System.Collections.Generic.List1[[System.Data.Services.Internal.ExpandedWrapper2[…], System.Data.Services, Version=4.0.0.0, Culture=neutral, PublicKeyToken=b77a5c561934e089]]”, which allows attackers to execute arbitrary methods with the help of the well-known ExpandedWrapper technique aimed at exploitation of unsafe XML deserialization in applications based on the .NET framework. In fact, this shouldn’t be possible, since BinarySerialization.Deserialize in Microsoft.SharePoint.dll uses a special XmlValidator designed to protect against this technique by checking the types of all elements present in the provided XML and ensuring that they are on the list of allowed types. However, the exploit bypasses this check by placing the ExpandedWrapper object into the list.

    Now, to find out why the exploit worked on our SharePoint debugging stand with the July 8, 2025 updates installed, let’s take a look at how this vulnerability was fixed. In this patch, Microsoft did not really fix the vulnerability but only mitigated it by adding the new AddExcelDataSetToSafeControls class to the Microsoft.SharePoint.Upgrade namespace. This class contains new code that modifies the web.config file and marks the Microsoft.PerformancePoint.Scorecards.ExcelDataSet control as unsafe. Because SharePoint does not execute this code on its own after installing updates, the only way to achieve the security effect was to manually run a configuration upgrade using the SharePoint Products Configuration Wizard tool. Notably, the security guidance for CVE-2025-49704 does not mention the need for this step, which means at least some SharePoint administrators may skip it. Meanwhile, anyone who installed this update but did not manually perform a configuration upgrade remained vulnerable.

    CVE-2025-53770

    On July 20, 2025, Microsoft released an update with a proper fix for the CVE-2025-49704 vulnerability. This patch introduces an updated XmlValidator that now properly validates element types in XML, preventing exploitation of this vulnerability without requiring a configuration upgrade and, more importantly, addressing the root cause and preventing exploitation of the same vulnerability through controls other than Microsoft.PerformancePoint.Scorecards.ExcelDataSet.

    DataSet with XML content exploiting CVE-2025-49704 (deserialized)

    CVE-2020-1147

    Readers familiar with previous SharePoint exploits might feel that the vulnerability CVE-2025-49704/CVE-2025-53770 and the exploit used by the attackers looks very familiar and very similar to the older .NET Framework, SharePoint Server, and Visual Studio Remote Code Execution Vulnerability CVE-2020-1147. In fact, if we compare the exploit for CVE-2020-1147 and an exploit for CVE-2025-49704/CVE-2025-53770, we can see that they are almost identical. The only difference is that in the exploit for CVE-2025-49704/CVE-2025-53770, the dangerous ExpandedWrapper object is placed in the list. This makes CVE-2025-53770 an updated fix for CVE-2020-1147.

    DataSet with XML content exploiting CVE-2020-1147

    Conclusions

    Despite the fact that patches for the ToolShell vulnerabilities are now available for deployment, we assess that this chain of exploits will continue being used by attackers for a long time. We have been observing the same situation with other notorious vulnerabilities, such as ProxyLogon, PrintNightmare, or EternalBlue. While they have been known for years, many threat actors still continue leveraging them in their attacks to compromise unpatched systems. We expect the ToolShell vulnerabilities to follow the same fate, as they can be exploited with extremely low effort and allow full control over the vulnerable server.

    To stay better protected against threats like ToolShell, we as a community should learn lessons from previous events in the industry related to critical vulnerabilities. Specifically, the speed of applying security patches nowadays is the most important factor when it comes to fighting such vulnerabilities. Since public exploits for these dangerous vulnerabilities appear very soon after vulnerability announcements, it is paramount to install patches as soon as possible, as a gap of even a few hours can make a critical difference.

    At the same time, it is important to protect enterprise networks against zero-day exploits, which can be leveraged when there is no available public patch for vulnerabilities. In this regard, it is critical to equip machines with reliable cybersecurity solutions that have proven effective in combatting ToolShell attacks before they were publicly disclosed.

    Kaspersky Next with its Behaviour detection component proactively protects against  exploitation of these vulnerabilities. Additionally, it is able to detect exploitation and the subsequent malicious activity.

    Kaspersky products detect the exploits and malware used in these attacks with the following verdicts:

    • UDS:DangerousObject.Multi.Generic
    • PDM:Exploit.Win32.Generic
    • PDM:Trojan.Win32.Generic
    • HEUR:Trojan.MSIL.Agent.gen
    • ASP.Agent.*
    • PowerShell.Agent.*

    MIL OSI Economics

  • MIL-OSI Economics: ToolShell: a story of five vulnerabilities in Microsoft SharePoint

    Source: Securelist – Kaspersky

    Headline: ToolShell: a story of five vulnerabilities in Microsoft SharePoint

    On July 19–20, 2025, various security companies and national CERTs published alerts about active exploitation of on-premise SharePoint servers. According to the reports, observed attacks did not require authentication, allowed attackers to gain full control over the infected servers, and were performed using an exploit chain of two vulnerabilities: CVE-2025-49704 and CVE-2025-49706, publicly named “ToolShell”. Additionally, on the same dates, Microsoft released out-of-band security patches for the vulnerabilities CVE-2025-53770 and CVE-2025-53771, aimed at addressing the security bypasses of previously issued fixes for CVE-2025-49704 and CVE-2025-49706. The release of the new, “proper” updates has caused confusion about exactly which vulnerabilities attackers are exploiting and whether they are using zero-day exploits.

    Kaspersky products proactively detected and blocked malicious activity linked to these attacks, which allowed us to gather statistics about the timeframe and spread of this campaign. Our statistics show that widespread exploitation started on July 18, 2025, and attackers targeted servers across the world in Egypt, Jordan, Russia, Vietnam, and Zambia. Entities across multiple sectors were affected: government, finance, manufacturing, forestry, and agriculture.

    While analyzing all artifacts related to these attacks, which were detected by our products and public information provided by external researchers, we found a dump of a POST request that was claimed to contain the malicious payload used in these attacks. After performing our own analysis, we were able to confirm that this dump indeed contained the malicious payload detected by our technologies, and that sending this single request to an affected SharePoint installation was enough to execute the malicious payload there.

    Our analysis of the exploit showed that it did rely on vulnerabilities fixed under CVE-2025-49704 and CVE-2025-49706, but by changing just one byte in the request, we were able to bypass those fixes.

    In this post, we provide detailed information about CVE-2025-49704, CVE-2025-49706, CVE-2025-53770, CVE-2025-53771, and one related vulnerability. Since the exploit code is already published online, is very easy to use, and poses a significant risk, we encourage all organizations to install the necessary updates.

    The exploit

    Our research started with an analysis of a POST request dump associated with this wave of attacks on SharePoint servers.

    Snippet of the exploit POST request

    We can see that this POST request targets the “/_layouts/15/ToolPane.aspx” endpoint and embeds two parameters: “MSOtlPn_Uri” and “MSOtlPn_DWP”. Looking at the code of ToolPane.aspx, we can see that this file itself does not contain much functionality and most of its code is located in the ToolPane class of the Microsoft.SharePoint.WebPartPages namespace in Microsoft.SharePoint.dll. Looking at this class reveals the code that works with the two parameters present in the exploit. However, accessing this endpoint under normal conditions is not possible without bypassing authentication on the attacked SharePoint server. This is where the first Microsoft SharePoint Server Spoofing Vulnerability CVE-2025-49706 comes into play.

    CVE-2025-49706

    This vulnerability is present in the method PostAuthenticateRequestHandler, in Microsoft.SharePoint.dll. SharePoint requires Internet Information Services (IIS) to be configured in integrated mode. In this mode, the IIS and ASP.NET authentication stages are unified. As a result, the outcome of IIS authentication is not determined until the PostAuthenticateRequest stage, at which point both the ASP.NET and IIS authentication methods have been completed. Therefore, the PostAuthenticateRequestHandler method utilizes a series of flags to track potential authentication violations. A logic bug in this method enables an authentication bypass if the “Referrer” header of the HTTP request is equal to “/_layouts/SignOut.aspx”, “/_layouts/14/SignOut.aspx”, or “/_layouts/15/SignOut.aspx” using case insensitive comparison.

    Vulnerable code in PostAuthenticateRequestHandler method (Microsoft.SharePoint.dll version 16.0.10417.20018)

    The code displayed in the image above handles the sign-out request and is also triggered when the sign-out page is specified as the referrer. When flag6 is set to false and flag7 is set to true, both conditional branches that could potentially throw an “Unauthorized Access” exception are bypassed.

    Unauthorized access checks bypassed by the exploit

    On July 8, 2025, Microsoft released an update that addressed this vulnerability by introducing additional checks to detect the usage of the “ToolPane.aspx” endpoint with the sign-out page specified as the referrer.

    CVE-2025-49706 fix (Microsoft.SharePoint.dll version 16.0.10417.20027)

    The added check uses case insensitive comparison to verify if the requested path ends with “ToolPane.aspx”. Is it possible to bypass this check, say, by using a different endpoint? Our testing has shown that this check can be easily bypassed.

    CVE-2025-53771

    We were able to successfully bypass the patch for vulnerability CVE-2025-49706 by adding just one byte to the exploit POST request. All that was required to bypass this patch was to add a “/” (slash) to the end of the requested “ToolPane.aspx” path.

    Bypass for CVE-2025-49706 fix

    On July 20, 2025, Microsoft released an update that fixed this bypass as CVE-2025-53771. This fix replaces the “ToolPane.aspx” check to instead check whether the requested path is in the list of paths allowed for use with the sign-out page specified as the referrer.

    CVE-2025-53771 fix (Microsoft.SharePoint.dll version 16.0.10417.20037)

    This allowlist includes the following paths: “/_layouts/15/SignOut.aspx”, “/_layouts/15/1033/initstrings.js”, “/_layouts/15/init.js”, “/_layouts/15/theming.js”, “/ScriptResource.axd”, “/_layouts/15/blank.js”, “/ScriptResource.axd”, “/WebResource.axd”, “/_layouts/15/1033/styles/corev15.css”, “/_layouts/15/1033/styles/error.css”, “/_layouts/15/images/favicon.ico”, “/_layouts/15/1033/strings.js”, “/_layouts/15/core.js”, and it can contain additional paths added by the administrator.

    While testing the CVE-2025-49706 bypass with the July 8, 2025 updates installed on our SharePoint debugging stand, we noticed some strange behavior. Not only did the bypass of CVE-2025-49706 work, but the entire exploit chain did! But wait! Didn’t the attackers use an additional Microsoft SharePoint Remote Code Execution Vulnerability CVE-2025-49704, which was supposed to be fixed in the same update? To understand why the entire exploit chain worked in our case, let’s take a look at the vulnerability CVE-2025-49704 and how it was fixed.

    CVE-2025-49704

    CVE-2025-49704 is an untrusted data deserialization vulnerability that exists due to improper validation of XML content. Looking at the exploit POST request, we can see that it contains two URL encoded parameters: “MSOtlPn_Uri” and “MSOtlPn_DWP”. We can see how they are handled by examining the code of the method GetPartPreviewAndPropertiesFromMarkup in Microsoft.SharePoint.dll. A quick analysis reveals that “MSOtlPn_Uri”  is a page URL that might be pointing to an any file in the CONTROLTEMPLATES folder and the parameter “MSOtlPn_DWP” contains something known as WebPart markup. This markup contains special directives that can be used to execute safe controls on a server and has a format very similar to XML.

    WebPart markup used by the attackers

    While this “XML” included in the “MSOtlPn_DWP” parameter does not itself contain a vulnerability, it allows attackers to instantiate the ExcelDataSet control from Microsoft.PerformancePoint.Scorecards.Client.dll with CompressedDataTable property set to malicious payload and trigger its processing using DataTable property getter.

    Code of the method that handles the contents of ExcelDataSet’s CompressedDataTable property in the DataTable property getter

    Looking at the code of the ExcelDataSet’s DataTable property getter in Microsoft.PerformancePoint.Scorecards.Client.dll, we find the method GetObjectFromCompressedBase64String, responsible for deserialization of CompressedDataTable property contents. The data provided as Base64 string is decoded, unzipped, and passed to the BinarySerialization.Deserialize method from Microsoft.SharePoint.dll.

    DataSet with XML content exploiting CVE-2025-49704 (deserialized)

    Attackers use this method to provide a malicious DataSet whose deserialized content is shown in the image above. It contains an XML with an element of dangerous type “System.Collections.Generic.List1[[System.Data.Services.Internal.ExpandedWrapper2[…], System.Data.Services, Version=4.0.0.0, Culture=neutral, PublicKeyToken=b77a5c561934e089]]”, which allows attackers to execute arbitrary methods with the help of the well-known ExpandedWrapper technique aimed at exploitation of unsafe XML deserialization in applications based on the .NET framework. In fact, this shouldn’t be possible, since BinarySerialization.Deserialize in Microsoft.SharePoint.dll uses a special XmlValidator designed to protect against this technique by checking the types of all elements present in the provided XML and ensuring that they are on the list of allowed types. However, the exploit bypasses this check by placing the ExpandedWrapper object into the list.

    Now, to find out why the exploit worked on our SharePoint debugging stand with the July 8, 2025 updates installed, let’s take a look at how this vulnerability was fixed. In this patch, Microsoft did not really fix the vulnerability but only mitigated it by adding the new AddExcelDataSetToSafeControls class to the Microsoft.SharePoint.Upgrade namespace. This class contains new code that modifies the web.config file and marks the Microsoft.PerformancePoint.Scorecards.ExcelDataSet control as unsafe. Because SharePoint does not execute this code on its own after installing updates, the only way to achieve the security effect was to manually run a configuration upgrade using the SharePoint Products Configuration Wizard tool. Notably, the security guidance for CVE-2025-49704 does not mention the need for this step, which means at least some SharePoint administrators may skip it. Meanwhile, anyone who installed this update but did not manually perform a configuration upgrade remained vulnerable.

    CVE-2025-53770

    On July 20, 2025, Microsoft released an update with a proper fix for the CVE-2025-49704 vulnerability. This patch introduces an updated XmlValidator that now properly validates element types in XML, preventing exploitation of this vulnerability without requiring a configuration upgrade and, more importantly, addressing the root cause and preventing exploitation of the same vulnerability through controls other than Microsoft.PerformancePoint.Scorecards.ExcelDataSet.

    DataSet with XML content exploiting CVE-2025-49704 (deserialized)

    CVE-2020-1147

    Readers familiar with previous SharePoint exploits might feel that the vulnerability CVE-2025-49704/CVE-2025-53770 and the exploit used by the attackers looks very familiar and very similar to the older .NET Framework, SharePoint Server, and Visual Studio Remote Code Execution Vulnerability CVE-2020-1147. In fact, if we compare the exploit for CVE-2020-1147 and an exploit for CVE-2025-49704/CVE-2025-53770, we can see that they are almost identical. The only difference is that in the exploit for CVE-2025-49704/CVE-2025-53770, the dangerous ExpandedWrapper object is placed in the list. This makes CVE-2025-53770 an updated fix for CVE-2020-1147.

    DataSet with XML content exploiting CVE-2020-1147

    Conclusions

    Despite the fact that patches for the ToolShell vulnerabilities are now available for deployment, we assess that this chain of exploits will continue being used by attackers for a long time. We have been observing the same situation with other notorious vulnerabilities, such as ProxyLogon, PrintNightmare, or EternalBlue. While they have been known for years, many threat actors still continue leveraging them in their attacks to compromise unpatched systems. We expect the ToolShell vulnerabilities to follow the same fate, as they can be exploited with extremely low effort and allow full control over the vulnerable server.

    To stay better protected against threats like ToolShell, we as a community should learn lessons from previous events in the industry related to critical vulnerabilities. Specifically, the speed of applying security patches nowadays is the most important factor when it comes to fighting such vulnerabilities. Since public exploits for these dangerous vulnerabilities appear very soon after vulnerability announcements, it is paramount to install patches as soon as possible, as a gap of even a few hours can make a critical difference.

    At the same time, it is important to protect enterprise networks against zero-day exploits, which can be leveraged when there is no available public patch for vulnerabilities. In this regard, it is critical to equip machines with reliable cybersecurity solutions that have proven effective in combatting ToolShell attacks before they were publicly disclosed.

    Kaspersky Next with its Behaviour detection component proactively protects against  exploitation of these vulnerabilities. Additionally, it is able to detect exploitation and the subsequent malicious activity.

    Kaspersky products detect the exploits and malware used in these attacks with the following verdicts:

    • UDS:DangerousObject.Multi.Generic
    • PDM:Exploit.Win32.Generic
    • PDM:Trojan.Win32.Generic
    • HEUR:Trojan.MSIL.Agent.gen
    • ASP.Agent.*
    • PowerShell.Agent.*

    MIL OSI Economics

  • Narendra Modi becomes India’s second-longest serving PM, surpasses Indira Gandhi’s record

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi on Friday marked a milestone in the country’s political history, becoming the second-longest-serving PM of India (4,078 days) in consecutive terms, surpassing the record of former PM Indira Gandhi (4,077 days) .

    Narendra Modi, 74, took oath as Prime Minister for the first time on May 26, 2014 and has served a total of 11 years and 60 days in office till date.

    The erstwhile Prime Minister Indira Gandhi had served for 11 years 59 days in office in consecutive terms. She held the highest office as Prime Minister of India from January 24, 1966 – March 24, 1977.

    India’s first Prime Minister Jawaharlal Nehru holds the record of the longest-serving PM of India in consecutive terms for 16 years and 286 days, from August 15, 1947 to May 27, 1964.

    Notably, PM Modi is the first and only Prime Minister born after Independence, the longest-serving non-Congress PM, and the longest-serving Prime Minister from a non-Hindi-speaking state.

    He is also the first and only non-Congress leader to have completed two full terms and to be re-elected twice with a majority, making him the only non-Congress Prime Minister to secure a majority on his own in the Lok Sabha.

    Additionally, he is the first sitting Prime Minister since Indira Gandhi in 1971 to return to power with a full majority.

    Narendra Modi is the only Prime Minister, apart from late Jawaharlal Nehru, to win three consecutive elections as leader of a political party in India.

    He is the only leader in India, among all Prime Ministers and Chief Ministers, to win six consecutive elections as the leader of a party – Gujarat (2002, 2007, 2012), Lok Sabha polls (2014, 2019, 2024).

    This will be another milestone in PM Modi’s almost 24 years as head of a democratically elected government, either in the state or Centre.

    (With agency inputs)