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Category: Switzerland

  • MIL-OSI Europe: EU Fact Sheets – The European Economic Area (EEA), Switzerland and the North – 03-06-2025

    Source: European Parliament

    The European Economic Area (EEA) was set up in 1994 to extend the EU’s provisions on its internal market to the European Free Trade Area (EFTA) countries. The EEA’s parties are Norway, Iceland and Liechtenstein. Switzerland is a member of EFTA, but not of the EEA. The EU and Nordic EEA EFTA partners (Norway and Iceland) are also linked by various ‘northern policies’ and forums that focus on the rapidly evolving northern reaches of Europe and the Arctic region as a whole.

    MIL OSI Europe News –

  • India Wins Presidency of International Institute of Administrative Sciences

    Source: Government of India

    Source: Government of India (4)

    India won the Presidency of the International Institute of Administrative Sciences (IIAS) on Tuesday, 3 June 2025. The International Institute of Administrative Sciences, a notable global institution, is a federation of 31 member countries, 20 national sections, and 15 academic research centres jointly collaborating on scientific research in public administration.

    Prime Minister Narendra Modi had nominated the Indian candidate, Secretary DARPG (Department of Administrative Reforms and Public Grievances), Shri V. Srinivas, for the 2025-2028 Presidency of IIAS in November 2024. Following Presidency hearings in February 2025, the candidacies of India, South Africa, and Austria were forwarded to the IIAS General Body. Subsequently, South Africa withdrew its candidacy in favour of India in May 2025.

    The election between India and Austria was held on 3 June 2025, in which 141 votes were polled. India secured 87 votes (61.7 per cent of the vote), while Austria received 54 votes (38.3 per cent of the vote). India’s candidacy received widespread support from across the membership.

    This election marks two significant firsts in the 100-year history of IIAS: it was the first time the President was elected by a ballot process, and it is the first time India has secured this historic mandate.

    The Indian Presidency of the institution will seek to bridge the North-South Divide with a focus on unity and inclusivity. It will also take forward Prime Minister Modi’s vision for “Maximum Governance – Minimum Government,” documenting next-generation administrative reforms with a focus on the digital empowerment of citizens and the digital transformation of institutions.

    India has been a member of IIAS since 1998. Other key members of IIAS include Japan, China, Germany, Italy, Korea, Saudi Arabia, South Africa, Switzerland, Mexico, Spain, Qatar, Morocco, and Indonesia.

    While the IIAS is not a formally affiliated body of the United Nations, it actively engages with the UN’s work in public administration through the UN’s Committee of Experts on Public Administration (CEPA) and the UN Public Administration Network (UNPAN).

  • MIL-OSI: Nokia to lead PROACTIF, a multimillion Europe robotics and unmanned technology project

    Source: GlobeNewswire (MIL-OSI)

    Press Release
    Nokia to lead PROACTIF, a multimillion Europe robotics and unmanned technology project 

    • The venture is projected to generate around €90 million in revenue by 2035.
    • The consortium brings together 42 leading European technology companies from 13 countries to redefine how emergency situations and critical infrastructure are managed.

    4 June 2025
    Espoo, Finland – Nokia has been selected to lead PROACTIF, a project funded by the European Union’s Chips Joint Undertaking. The project aims to strengthen Europe’s technology resilience and leadership in ECS technologies and support the autonomy of the European Drone and Robotics industry.

    The consortium anticipates generating around €90 million in revenue, 50 products, and more than 15 new industry patents by 2035, enabling increased market share and leadership. The project’s additional impact includes dozens of new collaborations, hundreds of new jobs, and over €40 million of additional investments.

    “Nokia’s extensive expertise has helped establish drone technology best practices and transform drones into daily helpers for public safety and mission-critical operations. We are honored to lead this project. It demonstrates Nokia’s commitment to fostering innovation and resilience across Europe. By collaborating with leading organizations, this initiative will address critical challenges in security and sustainability, delivering real-world benefits for society,” said Thomas Eder, Head of Embedded Wireless Solutions, Nokia.

    The PROACTIF consortium brings together 42 partners and four affiliates from 13 countries with a focus on critical infrastructure surveillance and emergency management in Europe. Under Nokia’s leadership, the groundbreaking venture will redefine how emergency situations and critical infrastructure are managed in Europe. It will unite academic institutions, SMEs, and industry leaders to develop cutting-edge, cost-efficient, eco-efficient, safe, and cybersecure unmanned vehicle (UxV) systems to address European civil security needs.

    The project will develop nine advanced technology building blocks and five state-of-the-art UxV platforms, emphasizing interoperability, autonomy and rapid deployment to meet Europe’s societal and market needs. The use of UxV technologies enables a more holistic understanding of an incident’s location and severity, as well as comprehensive situational awareness, through frequent and efficient sensor data gathering.

    Multimedia, technical information and related news 
    Web Page: Nokia Drone Networks

    About Nokia
    At Nokia, we create technology that helps the world act together.

    As a B2B technology innovation leader, we are pioneering networks that sense, think and act by leveraging our work across mobile, fixed and cloud networks. In addition, we create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs.

    Service providers, enterprises and partners worldwide trust Nokia to deliver secure, reliable and sustainable networks today – and work with us to create the digital services and applications of the future.

    PROACTIF PARTNERS
    PROACTIF brings together notable partners across Europe including : Acorde Technologies, S.A. (Spain), AITEK SPA (Italy), Ascento AG (Switzerland), Asya SIA (Latvia), Avular Innovations B.V. (Netherlands), Captain AI B.V. (Netherlands), CSEM Centre Suisse d’Electronique et de Microtechnique SA (Switzerland), Citymesh N.V. (Belgium), CISC Semiconductor GmbH (Austria), DEMCON Unmanned Systems BV (Netherlands), Dimetor GmbH (Austria), Fixposition AG (Switzerland), Fraunhofer-Gesellschaft zur Förderung der angewandten Forschung e.V (Germany), Gdansk University of Technology (Poland), Heimann Sensor GmbH (Germany), HUN-REN Számítástechnikai és Automatizálási Kutatóintézet (Hungary), InnoSenT GmbH (Germany), Innovation River S.R.L (IT), League Geophysics Services B.V. (Netherlands), Leonardo S.p.A. (Italy), Luna Geber Engineering SRL (Italy), NVIDIA (Israel), Nokia Solutions and Networks Oy (Finland), Research Studios Austria Forschungsgesellschaft mbH (Austria), Riga Technical University (Latvia), Saab Finland Oy (Finland), Safran Electronics & Defense / SED SPAIN S.L. (Spain), Sieć Badawcza Łukasiewicz – Instytut Mikroelektroniki i Fotoniki (Poland), Silicon Austria Labs GmbH (Austria), Skyability (Austria), SSH Communications Security Oyj (Finland), Stichting IMEC Nederland (Netherlands), Technische Universiteit Eindhoven (Netherlands), TST-Sistemas (Spain), Universidad de Granada (Spain), Universitá Degli Studi Di Perugia (Italy), Van Oord Ship Management B.V. (Netherlands), VIA electronic GmbH (Germany), ViNotion B.V. (Netherlands), VTT Technical Research Centre of Finland Ltd. (Finland), Würth Elektronik (Germany) YellowScan (France).

    Media inquiries
    Nokia Press Office
    Email: Press.Services@nokia.com

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    The MIL Network –

  • MIL-OSI: WISeKey International Holding Ltd Announces Adjournment of 2025 Annual General Meeting

    Source: GlobeNewswire (MIL-OSI)

    WISeKey International Holding Ltd Announces Adjournment of 2025 Annual General Meeting

    Zug, Switzerland, June 4, 2025 – Ad-Hoc announcement pursuant to Art. 53 of SIX Listing Rules – WISeKey International Holding Ltd. (“WISeKey” or the “Company”) (SIX: WIHN, NASDAQ: WKEY), leading global cybersecurity, blockchain, and IoT company, announced today that the Board of Directors has decided, for logistical reasons, to ajourn the 2025 Annual General Meeting of Shareholders (“AGM“) from June 19, 2025, 2:00 p.m. Swiss time, to June 27, 2025, at 2:00 p.m. Swiss time.

    The venue of the 2025 AGM will remain the offices of Homburger AG, Prime Tower, Hardstrasse 201, 8005 Zurich, Switzerland. Admittance to the 2025 AGM will start at 1:30 p.m. Swiss time.

    Other than the date of the AGM, nothing will change. In particular, the items on the agenda of the AGM and the related proposals of the Board of Directors remain unchanged.

    About WISeKey
    WISeKey International Holding Ltd (“WISeKey”, SIX: WIHN; Nasdaq: WKEY) is a global leader in cybersecurity, digital identity, and IoT solutions platform. It operates as a Swiss-based holding company through several operational subsidiaries, each dedicated to specific aspects of its technology portfolio. The subsidiaries include (i) SEALSQ Corp (Nasdaq: LAES), which focuses on semiconductors, PKI, and post-quantum technology products, (ii) WISeKey SA which specializes in RoT and PKI solutions for secure authentication and identification in IoT, Blockchain, and AI, (iii) WISeSat AG which focuses on space technology for secure satellite communication, specifically for IoT applications, (iv) WISe.ART Corp which focuses on trusted blockchain NFTs and operates the WISe.ART marketplace for secure NFT transactions, and (v) SEALCOIN AG which focuses on decentralized physical internet with DePIN technology and house the development of the SEALCOIN platform.

    Each subsidiary contributes to WISeKey’s mission of securing the internet while focusing on their respective areas of research and expertise. Their technologies seamlessly integrate into the comprehensive WISeKey platform. WISeKey secures digital identity ecosystems for individuals and objects using Blockchain, AI, and IoT technologies. With over 1.6 billion microchips deployed across various IoT sectors, WISeKey plays a vital role in securing the Internet of Everything. The company’s semiconductors generate valuable Big Data that, when analyzed with AI, enable predictive equipment failure prevention. Trusted by the OISTE/WISeKey cryptographic Root of Trust, WISeKey provides secure authentication and identification for IoT, Blockchain, and AI applications. The WISeKey Root of Trust ensures the integrity of online transactions between objects and people. For more information on WISeKey’s strategic direction and its subsidiary companies, please visit www.wisekey.com.

    Press and investor contacts:

    WISeKey International Holding Ltd 
    Company Contact:  Carlos Moreira
    Chairman & CEO
    Tel: +41 22 594 3000
    info@wisekey.com    		 WISeKey Investor Relations (US) 
    Contact:  Lena Cati
    The Equity Group Inc.
    Tel: +1 212 836-9611
    lcati@theequitygroup.com

    Disclaimer:
    This communication expressly or implicitly contains certain forward-looking statements concerning WISeKey International Holding Ltd and its business. Such statements involve certain known and unknown risks, uncertainties and other factors, which could cause the actual results, financial condition, performance or achievements of WISeKey International Holding Ltd to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. WISeKey International Holding Ltd is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise.

    This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities, and it does not constitute an offering prospectus within the meaning of the Swiss Financial Services Act (“FinSA”), the FinSa’s predecessor legislation or advertising within the meaning of the FinSA. Investors must rely on their own evaluation of WISeKey and its securities, including the merits and risks involved. Nothing contained herein is, or shall be relied on as, a promise or representation as to the future performance of WISeKey.

    The MIL Network –

  • India reiterates global resilience push at UN disaster platform in Geneva

    Source: Government of India

    Source: Government of India (4)

    Principal Secretary to the Prime Minister, Dr. P.K. Mishra, on Tuesday reaffirmed India’s commitment to global disaster resilience at the 8th Global Platform for Disaster Risk Reduction.

    “Principal Secretary to PM Dr. P.K. Mishra participates in the opening ceremony of 8th Global Platform for Disaster Risk Reduction in Geneva, reinforcing India’s commitment to global disaster resilience efforts,” the India at UN in Geneva said in a post on X.

    Addressing the opening ceremony, Dr. Mishra spotlighted India’s proactive stance on preparedness and its emphasis on inclusive, risk-informed development.

    On the sidelines, he met with Norway’s Deputy Minister for International Development, Stine Renate Håheim, discussing ways to deepen international cooperation in disaster risk reduction and resilience-building efforts in a changing climate.

    The event, jointly hosted by the United Nations for Disaster Risk Reduction (UNDRR) and the Government of Switzerland, saw India reaffirm its dedication to the Sendai Framework, aligning with its national policies to reduce disaster risks.

    According to the UN, the Global Platform for Disaster Risk Reduction is the main global forum to assess and discuss progress on the implementation of the Sendai Framework for Disaster Risk Reduction.

    The eighth session of the Global Platform for Disaster Risk Reduction (GP2025), convened by the UN Office for Disaster Risk Reduction (UNDRR), is being held from June 2 to 6 in Geneva, Switzerland.

  • MIL-OSI China: Chinese delegation attends 157th session of WHO Executive Board

    Source: People’s Republic of China Ministry of Health

    The 157th session of the World Health Organization (WHO) Executive Board was held in Geneva, Switzerland, from May 28 to 29.

    The meeting reviewed 10 administrative and technical agenda items, including the report on the outcome of the 78th World Health Assembly, the report of the WHO Executive Board’s Programme, Budget and Administration Committee, and the report of its Standing Committee on Health Emergency Prevention, Preparedness and Response.

    The Chinese delegation expressed appreciation for the WHO’s efforts in leading the response to global health emergencies and enhancing the effectiveness of governing bodies. They called for further progress in WHO governance reform, focusing on core operations, improving efficiency, transparency and accountability, and increasing the representation and voice of developing countries.

    Over 200 participants attended the meeting, including the 34 members of the WHO Executive Board, as well as representatives from other WHO member states, international organizations and non-state actors. Australia served as the chair of this session of the Executive Board. The Chinese delegation was composed of officials from the Department of International Cooperation of the National Health Commission, the National Administration of Disease Prevention and Control and China’s Permanent Mission to the United Nations Office at Geneva, and relevant experts.

    MIL OSI China News –

  • MIL-OSI China: World Aquatics adopts bylaw against doping enablers

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

    World Aquatics has adopted a new bylaw aimed at protecting sport from doping, swimming’s global governing body announced Tuesday following a meeting in Lausanne, Switzerland.

    Nic Fink (C) of Team the United States competes during the mixed 4X100m medley relay final of swimming event at the World Aquatics Championships 2024 in Doha, Qatar, Feb. 14, 2024. (Xinhua/Xia Yifang)

    “Under the new Bylaw, individuals who support, endorse, or participate in sporting events that embrace the use of scientific advancements or other practices that may include prohibited substances and/or prohibited methods will not be eligible to hold positions with World Aquatics or to participate in any World Aquatics competitions, events, or other activities,” World Aquatics said in a statement.

    The bylaw is widely seen as a direct response to the Enhanced Games, which is scheduled to take place in Las Vegas, United States, in May 2026.

    The event allows athletes to use performance-enhancing substances without testing, and World Aquatics confirmed that athletes who participate will face bans. “People, organizations and competitions that promote or enable doping have no place in aquatics,” the organization stated.

    “Those who enable doped sport are not welcome at World Aquatics or our events,” said World Aquatics President Husain Al Musallam in the statement. “This new Bylaw ensures that we can continue to protect the integrity of our competitions, the health and safety of our athletes, and the credibility of the global aquatics community.”

    World Aquatics added that its Bureau will make decisions regarding ineligibility on a case-by-case basis.

    MIL OSI China News –

  • MIL-OSI: Quadient Q1 2025 sales at €258m, with strong performance in Digital and Lockers. FY 2025 guidance maintained

    Source: GlobeNewswire (MIL-OSI)

    Key highlights

    • Q1 2025 consolidated revenue of €258 million, down 1.1% on a reported basis, including the contribution of Package Concierge, and down 2.5% organically(1)
    • Continued good momentum in Digital and Lockers, with double-digit growth in subscription-related revenue
    • Low point in the renewal cycle of mail equipment installed base, as expected
    • Positive current EBIT evolution supported by all three Solutions
    • Acceleration of digital financial automation strategy in Europe with the acquisition of Serensia, a leading French electronic invoicing certified platform
    • Stronger H2 anticipated on the back of continued strong momentum in Digital and Lockers with further improvement in profitability, expected Mail recovery and good order pipeline across Solutions
    • FY 2025 guidance maintained, i.e. organic growth acceleration in both revenue and current EBIT

    Paris, 3 June 2025

    Quadient S.A. (Euronext Paris: QDT), a global automation platform powering secure and sustainable business connections, today announces its 2025 first quarter consolidated revenue (period ended on 30 April 2025).

    Geoffrey Godet, Chief Executive Officer of Quadient S.A., stated:

    “The first quarter of 2025 has been another strong quarter for our Digital and Lockers solutions, which delivered solid levels of subscription-related revenue organic growth at +11.1% for Digital and +12.7% for Lockers, demonstrating the strength and success of our two fast growing solutions as well as the quality of our recurring business model.

    As expected, our Mail performance was softer, reflecting the low point in the renewal cycle and a tough comparison base following the decertification-driven boost in 2024 in the United-States. The situation was further exacerbated by a particularly challenging American macroeconomic environment during the first quarter.

    Despite these headwinds in the quarter, we achieved current EBIT organic growth, supported by EBITDA margin positive development in all three solutions.

    With the acquisition of Serensia, a leading French electronic invoicing certified platform, Quadient is accelerating its digital financial automation strategy in Europe and will bring superior digital intelligent automation capabilities to its 300K+ customers worldwide, and notably to its 60K+ French customers, further accelerating their digital transformation, as they anticipate the 2026 mandatory e-invoicing law in France.

    While we expect the same uncertainty and market conditions to continue in Q2, we remain confident in our ability to deliver a stronger second half. As a result, we are maintaining our full-year 2025 guidance of acceleration in both organic revenue growth and organic EBIT growth compared to the 2024 growth rates.”

    Comments on Q1 2025 performance

    Group revenue came in at €258 million in Q1 2025, down 1.1% on a reported basis, and 2.5% organically compared to Q1 2024. Reported growth includes a positive scope effect of €4 million from the acquisition of Package Concierge in December 2024. The currency impact was broadly flat over the period.

    Subscription related revenue (€193 million, 75% of total sales) increased by +1.2% organically over Q1 2025, reflecting the continued strong momentum in Digital and Lockers. In contrast, non-recurring revenue declined by 12.0% organically against Q1 2024, due to a low point in the renewal cycle of mail equipment installed base, as expected. The decline in hardware sales has however been amplified by the challenging macroeconomic environment in the United States.

    By geography, North America (59% of revenue) declined organically by 2.4% in Q1 2025, impacted by macroeconomic uncertainty in the US delaying customer decision making and a strong comparison base in Mail following last year’s decertification-driven uplift in sales. The Main European countries (33% of revenue) recorded a 2.8% organic decline, while the International segment (8% of revenue) was down 2.0% organically.

    Consolidated revenue by Solution

    Q1 2025 consolidated revenue

    In € million Q1 2025 Q1 2024 Change Organic change
    Digital 67 63 +6.5% +7.2%
    Mail 164 178 (7.9)% (7.9)%
    Lockers 27 20 +35.4% +12.2%
    Group total 258 261 (1.1)% (2.5)%
     

    Digital

    In Q1 2025, revenue from Digital reached €67 million, up 7.2% organically and up 6.5% on a reported basis compared to Q1 2024.

    This solid performance was driven by a strong 11.1% organic growth in Q1 2025 in subscription-related revenue, in acceleration compared to the previous quarter. Growth was broad-based across all regions, including a double-digit growth in North America. Subscription-related revenue represented 85% of Digital total sales, a further increase compared to 82% in Q1 2024.

    At the end of Q1 2025, annual recurring revenue (ARR) reached €237 million(2), vs. €232 million at the end of FY 2024, representing a 9.6% organic growth on an annualized basis.

    The Digital solution continued to demonstrate healthy booking trends, highlighted by:

    • Robust cross-selling bookings with Mail customers, up c. +50% year-on-year;
    • Double-digit growth in new customer acquisition within the Enterprise business.

    During the quarter, Quadient’s Digital Automation platform received several leadership recognitions across multiple analyst rankings, notably in AP/AR financial automation, where it is now ranked on par with its high positions in CCM/CXM.

    Quadient is accelerating its digital financial automation strategy in Europe, with the acquisition on 2nd June 2025 of Serensia, a leading French electronic invoicing certified platform, trusted by more than 160 customers (including TotalEnergies, Dalkia, RATP…), processing nearly 200 million invoices annually. This acquisition provides Quadient with:

    • First-class software Intellectual Property for its PDP platform (Partner Dematerialization Platform, registered by the French State), and
    • Access to Pan-European Public Procurement Online (PEPPOL) market.

    This acquisition further strengthens Quadient’s Finance Automation portfolio (which includes online payment, e-invoicing, account payable and account receivable automation, credit analysis, hybrid mail, …), and further accelerates Quadient’s Mail customers’ digital transformation, by providing additional pathways towards the necessary adoption of e-invoicing solutions, legally mandated across Europe. Please refer to our dedicated press release published on 2nd June for more details.

    Mail

    Mail revenue reached €164 million in Q1 2025, down 7.9% organically and on a reported basis compared to Q1 2024.   

    Hardware sales recorded a 15.8% organic decline in the first quarter of 2025. This decrease was primarily driven by:

    • A softer performance across all regions. This was expected, given the echo effect of the COVID period, with fewer contracts for renewal, reflecting the lower level of hardware placements made during the pandemic 5 years ago;
    • The United States was particularly affected, with a strong comparison base in Q1 2024, which had benefited from the decertification boosting effect (which ended in Q4 2024), as well as by increased economic uncertainty that delayed customer decision-making.

    Subscription-related revenue (72% of Mail sales) recorded an organic decline of 4.4% in the quarter.

    Despite these headwinds, Quadient continued to outperform the market this quarter.

    The Mail automation platform continued to show good commercial momentum, and double-digit growth in cross-sell order intake with Lockers and +50% for Digital bookings in Q1 2025. This dynamic is illustrated by the expansion of the partnership with the University of Pittsburgh, which has long relied on Quadient’s parcel locker systems to facilitate on-campus student and staff deliveries and is now extending the relationship to include a comprehensive mail management solution.

    At the end of April 2025, already 44.0% of Quadient installed base has been upgraded with its newest technology, compared to 42.4% at the end of January 2025.

    H2 2025 performance is expected to recover as the Mail equipment business will be supported by a stronger pipeline of contracts up for renewal over the second part of the year.

    Lockers

    Lockers revenue reached €27 million in Q1 2025, a 12.2% increase on an organic basis. The reported growth stood at 35.4% year-on-year, reflecting the positive contribution from Package Concierge (€4 million in Q1 2025).

    Subscription-related revenue increased by 12.7% organically in Q1 2025, benefiting from:

    • The outstanding strong volumes ramp up in the UK and French open networks;
    • The continued momentum in the US, driven by higher monetization of usage fees.

    Overall, subscription-related revenue stood at 65% of total revenue in Q1 2025 (vs. 68% in Q1 2024, this small drop reflecting the different revenue mix at the recently acquired Package Concierge).

    Non-recurring revenue (license & hardware sales and professional services) grew strongly by 11.4% organically in Q1 2025, driven by a significant locker placement in International, which more than offset the softer performance in North America. Moreover, another hardware sales deal for circa €5 million has been signed in International and will be recognized in H2 2025

    Quadient’s global locker installed base reached c.26,100 units at the end of Q1 2025, with 600 new lockers deployed over the quarter. This reflects the accelerated pace of new locker installations, particularly in the UK open network, which has expanded nearly fourfold over the last 15 months. This growth is driven by partnerships signed in recent quarters to host parcel lockers in new prime locations.

    In the UK, Quadient extended its partnership with EVRi, with a new large and long-term deal signed, including the consolidation of returns (Drop Box functionality). Quadient also signed a strategic partnership with Stasher, offering travelers a nationwide luggage storage service through Quadient’s smart locker network. These partnerships are expected to further drive volume and support continued adoption growth. In Japan (International segment), Quadient expanded the access to its network so that Amazon parcels can be delivered within approximately 6,000 “PUDO Stations” nationwide.

    LIQUIDITY MANAGEMENT

    In May 2025, Quadient proactively extended the maturity of its €300 million undrawn Revolving Credit Facility by an additional year, pushing it to 2030.

    FY 2025 GUIDANCE MAINTAINED

    While Q2 is expected to face similar markets conditions to the previous quarter and continued macroeconomic uncertainty, Quadient remains confident in its ability to deliver a stronger performance in the second half of the year. This confidence is supported by:

    • A good profitability start of the year, with an improvement in EBITDA margin across solutions;
    • Moving forward:
      • Sustained strong momentum in Digital and Lockers, with further improvement in profitability;
      • An expected recovery in Mail in H2, as the renewal cycle of the mail equipment installed base should reverse and provide greater opportunities;
      • A promising order pipeline across solutions.

    In this this context, Quadient maintains its full-year 2025 guidance, of acceleration in both organic revenue growth and organic current EBIT growth compared to the 2024 growth rates, while acknowledging that ongoing global economic disruptions and their impact, in particular on the US market, remain difficult to predict at this stage.

    Q1 2025 BUSINESS HIGHLIGHTS

    Quadient Recognized in Inaugural 2025 Gartner® Magic Quadrant™ for Accounts Payable Applications
    On 4 April 2025, Quadient announced it has been recognized in the first ever 2025 Gartner Magic Quadrant for Accounts Payable Applications. A Gartner Magic Quadrant is a culmination of research in a specific market, giving a wide-angle view of the relative positions of the market’s competitors3.

    Quadient Receives SBTi’s Validation of its GHG Emission Reduction Targets
    On 7 April 2025, Quadient announced that the Science-Based Targets initiative (SBTi) has validated its greenhouse gas (GHG) emission reduction targets. SBTi is a corporate climate action initiative that provides companies with science-based guidance to reduce greenhouse gas emissions in line with the goals of the Paris Agreement. This validation confirms that Quadient’s commitments align with scientific requirements to limit global warming to 1.5°C.

    Quadient Recognized in Analyst Report on Top AI Use Cases for Finance Automation
    On 16 April 2025, Quadient announced it has been recognized in a recent Forrester report on ways artificial intelligence (AI) is transforming accounts receivable (AR) processes. The report, “Top AI Use Cases for Accounts Receivable Automation In 2025,” includes mentions of Quadient AR for cash application and payment notice. Quadient considers its inclusion in the report as proof of the impact its AI- and machine learning-powered financial process automation offer, enhancing efficiency, accuracy, and decision-making capabilities.

    Quadient Named a Leader in the SPARK Matrix™: Customer Communication Management Report for 2025
    On 24 April 2025, Quadient has been recognized as a Leader in the SPARK Matrix™: Customer Communication Management (CCM), Q2, 2025 report by global advisory and consulting firm QKS Group. This marks the fifth consecutive year Quadient has been named a Leader in the SPARK Matrix for CCM, a strategic vendor performance assessment tool that ranks vendors across the categories of Technology Excellence and Customer Impact.

    Quadient: 11% Increase in Software Sales to Mail Clients in 2024 Reflects Rising Demand for Smarter, Multichannel Communications
    On 30 April 2025, Quadient shared that businesses are increasingly turning to digital solutions to meet rising customer expectations for modern, multichannel communication. This shift is driving tangible growth: in fiscal year 2024, Quadient recorded a record 11% increase in cross-sales of its Digital automation solutions within its Mail customer base.

    POST-CLOSING EVENTS

    Stasher and Quadient Partner to Launch Nationwide Luggage Storage Using UK Smart Locker Network
    On 7 May 2025, Quadient announced a strategic partnership with Stasher, the world’s first luggage storage platform. This partnership marks a significant expansion of Stasher’s UK network and will provide travelers in key cities throughout the UK, including London, Birmingham, York, Edinburgh, Newcastle, Cardiff and Manchester, with more convenient, secure, and accessible luggage storage options through more than 1,640 Parcel Pending by Quadient smart lockers.

    Quadient and Nuvei Sign New Partnership to Enhance Cloud Payment Capabilities for Businesses Globally
    On 13 May 2025, Quadient and Nuvei announced a strategic technology partnership to enhance cloud payment capabilities for businesses globally. Through this partnership, Nuvei’s advanced payment processing technology is now integrated into Quadient’s cloud-based Accounts Receivable (AR) and Accounts Payable (AP) automation solutions, providing businesses of all sizes across North America, the UK, and Europe with a unified platform to manage B2B payments more efficiently, securely, and at scale.

    AI-powered Automation and Real-Time Payments Secure Quadient Leader Position in SPARK Matrix for Accounts Receivable
    On 15 May 2025, Quadient has been positioned as a Leader in the SPARK Matrix™: Accounts Receivable Applications, 2025. This marks the fourth consecutive year Quadient has been named as a leader in the report produced by the technology advisory and research firm QKS Group. Quadient believes this recognition is a testament to its continuing commitment to help businesses accelerate digital transformation, automate financial processes to increase business performance and create high-value customer interactions.

    Quadient Surpasses 300 Higher Education Locker Customers, Helping Campuses Modernize Logistics and Tackle Food Insecurity
    On 27 May 2025, Quadient announced that more than 300 higher education institutions in the U.S. are now relying on Parcel Pending by Quadient Lockers for streamlined package pickup and drop-off, bookstore merchandise, class and IT equipment exchange points, and addressing the challenge of student food insecurity.

    Quadient Advances AI Capabilities to Help Organizations Power Better Customer Interactions and Revenue Growth
    On 28 May 2025, Quadient announced the release of advanced AI capabilities designed for crafting and orchestrating highly personalized, omnichannel customer interactions. The extended AI is part of the latest release of Quadient Inspire, an industry-leading customer communications management (CCM) solution, and represents Quadient’s continued investment in transforming the way businesses dynamically communicate with customers.

    Quadient Accelerates its Digital Financial Automation Strategy in Europe with the Acquisition of Serensia
    On 2 Juin 2025, Quadient announced the acquisition of Serensia, a highly recognized a leading French electronic invoicing platform provider accredited by the French government as a Partner Dematerialization Platform (PDP). This strategic acquisition strengthens Quadient’s position in digital compliance and its ability to support both its 150,000 European customers and the more than 8 million businesses impacted in France as they transition to mandatory electronic invoicing.

    To know more about Quadient’s news flow, previous press releases are available on our website at the following address: https://invest.quadient.com/en/newsroom.

    CONFERENCE CALL & WEBCAST

    Quadient will host a conference call and webcast today at 6:00 pm Paris time (5:00 pm London time).

    To join the webcast, click on the following link: Webcast.

    To listen to the presentation by phone, please register using the following link to receive the dial-in details: Conference call.

    A replay of the webcast will also be available on Quadient’s Investor Relations website for 12 months.

    Calendar

    • 13 June 2025: Annual General Assembly
    • 24 September 2025: Half-year results and Q2 2025 sales

    About Quadient®

    Quadient is a global automation platform provider powering secure and sustainable business connections through digital and physical channels. Quadient supports businesses of all sizes in their digital transformation and growth journey, unlocking operational efficiency and creating meaningful customer experiences. Listed in compartment B of Euronext Paris (QDT) and part of the CAC® Mid & Small and EnterNext® Tech 40 indices, Quadient shares are eligible for PEA-PME investing.

    For more information about Quadient, visit https://invest.quadient.com/en/.

    Contacts

    APPENDIX

    Digital: New name for Intelligent Communication Automation

    Mail: New name for Mail-Related Solutions

    Lockers: New name for Parcel Locker Solutions

    Q1 2025 consolidated revenue

    Q1 2025 consolidated revenue by geography

    In € million Q1 2025 Q1 2024 Change Organic
    change
    North America(a) 151 150 +0.6%(d) (2.4)%
    Main European countries(b) 86 89 (2.9)% (2.8)%
    International(c) 21 23      (5.6)%(d) (2.0)%
    Group total 258 261 (1.1)% (2.5)%
    (a)  Including the United States and Canada. Brazil and Mexico are also part of this segment as of 1stJanuary 2025.
    (b)  Including Austria, Benelux, France, Germany, Ireland, Italy (excluding Mail), Switzerland, and the United Kingdom.
    (c)  International includes the activities of Digital, Mail and Lockers outside of North America and the Main European countries. From 1stJanuary 2025, Brazil and Mexico are no longer included and are now part of North America.
    (d)  The reported changes reflect a €0.9m reclassification effect due to the transfer of Brazil and Mexico from International to North America as of 1stJanuary 2025.

    (1) Q1 2025 sales are compared to Q1 2024 sales, to which is added pro rata temporis the revenue of Package Concierge for a consolidated amount of €4 million. The currency impact is broadly neutral in the period.
    (2) Q1 2025 ARR includes a €1.3 million positive currency effect vs 31 January 2025.
    (3) Gartner Research Methodologies, Gartner Magic Quadrant, 28 March 2025

    Attachment

    The MIL Network –

  • MIL-OSI United Nations: Deputy Secretary-General’s remarks at the Opening Ceremony of the 8th Session of the Global Platform for Disaster Risk Reduction [as delivered]

    Source: United Nations secretary general

    H.E. Mr. Ignazio Cassis, Foreign Minister of Switzerland and Member of the Swiss Federal Council; Excellencies; Distinguished Delegates; Ladies and Gentlemen,

    This 2025 Global Platform for Disaster Risk Reduction comes at a critical point in time.

    Let me express my sincere appreciation to the Government and people of Switzerland for welcoming us at this crucial juncture on the road to 2030, and to co-chairs Patricia Danzi and Kamal Kishore and their dedicated teams for their leadership in steering the 8th Global Platform forward.

    We gather here with a profound sense of urgency, but also among geopolitical tensions, and an unwavering responsibility.

    Just last week, I stood among global leaders at the first High-Level International Conference for Glaciers’ Preservation in Dushanbe, witnessing first-hand the impact of climate change on Tajikistan’s Glacier’s in the Pamir mountain range. As a global community, the Conference issued an urgent call for action to safeguard these fragile ecosystems, reduce the impact of climate change on water-related ecosystems and invest in disaster prevention.

    Days later, one of the biggest Alpine disasters struck just 130 kilometres from here in Blatten. A glacier collapse could have cost countless lives, but thanks to the early warning systems, people and their livestock were evacuated in time.

    Still, the devastation is profound. I extend my deepest sympathies to the people of Blatten, who now face a difficult task of recovering what was lost.

    This disaster is a stark reminder: early warnings save lives, but they alone cannot save glaciers from disappearing. Communities and ecosystems depend on these ice reserves, and the consequences of their loss are irreversible. 

    If global warming exceeds 1.5°C, the impacts will cascade across the planet. The UN Secretary-General’s Early Warnings for All Initiative is helping countries prepare for climate-related shocks while strengthening climate resilience. But we must scale up this rapidly, ensuring that no one is left behind.

    Excellencies,

    When we came together in 2015 to adopt the Sendai Framework for Disaster Risk Reduction, the Paris Agreement, and the 2030 Agenda for Sustainable Development, we did more than set ambitious goals, we made a solemn promise to build a world that is safer, more equitable, and more resilient.

    Yet, that promise stands at a crossroads.

    Although we have made progress since Paris in bringing down projected temperature increases, we are now dangerously close to the 1.5 degrees limit, and every new scientific report tells us that another climate indicator is flashing red.

    Just last week, WMO projected that we will likely see temperatures rise above 1.5 degrees not just for a single year but over the next five years.

    Disasters are not just increasing in scale and cost—they are striking with growing intensity and unpredictability, leaving no country or region untouched.

    Every delay in action carries a devastating human and economic toll.

    The 2025 Global Assessment Report on Disaster Risk Reduction highlights direct losses from disasters at $202 billion annually, but when cascading and ecosystem costs are considered, total losses exceed 2.3 trillion US dollars annually.

    Disasters have devastating effects on the world’s most vulnerable countries – LDCs, LLDCs, and SIDS –derailing economies, deepening inequity, and pushing them further off the path of sustainable development.

    Middle Income Countries also face mounting setbacks, as disasters divert critical resources away from long-term growth.

    Even developed countries are not immune. Record-breaking disasters are making entire regions uninsurable, exposing new vulnerabilities.

    Meanwhile, the Sustainable Development Goals are dangerously off track, with an annual financing gap of over 4 trillion dollars.

    Excellencies, Ladies and gentlemen,

    Protecting development gains from disaster impacts is more urgent than ever.

    Progress is possible and we have seen it.

    Over the past decade, disaster mortality rates have declined, early warning systems have expanded, and two-thirds of countries that are part of the Sendai Framework now have disaster risk strategies in place.

    But this is not enough. We must go further and faster to deliver on Early Warning Systems for All by 2027.

    We must continue to build momentum powered by innovation, determination, and multi-networked leadership.

    Your actions demonstrate that “resilience does pay” when governments, local actors, the private sector, youth and all of society come together to take action.

    From Artificial Intelligence, predictive analytics and machine learning models, new tools together with traditional knowledge and on the ground practitioners are transforming how we predict, prevent, and mitigate disasters.

    They must be expanded for proactive, data-driven prevention – saving lives while protecting livelihoods and assets.

    Immediate, real-time monitoring, advanced satellite imagery and geographic information systems can complement preparedness strategies, coordination, and our 2030 Agenda’s promise of leaving no one behind.

    These transformative actions must be scaled to ensure resilience is not an after-thought, but the foundation for our long-term prosperity.

    Excellencies, Ladies and Gentlemen,

    I see three key actions to accelerate the implementation of the Sendai Framework in the remaining five years.

    First, we must prioritize risk-informed development across all sectors and levels. This means putting prevention and resilience at the centre of every decision, investment, and policy that we make.

    Every dollar invested in infrastructure, energy, cities, agriculture… must strengthen resilience, not exacerbate future risk.

    At the Fourth International Conference on Financing for Development, we have a chance to reform global development finance and address the debt crisis, enabling us to have more fiscal space to avert these crises.

    Second, we must urgently scale up public and private investments in resilience.  All nations must dedicate a larger portion of public budgets to disaster risk reduction and establish national financing frameworks that align economic development plans with risk reduction and climate adaptation needs.

    We must acknowledge resilience as a long-term economic necessity – and the best return on investment.

    Instruments like catastrophe bonds, risk pools, and climate-resilient insurance can ensure faster recovery while reducing economic strain on vulnerable communities.

    I encourage you to work with the private sector to mobilize new ways of funding resilience and integrating it into long-term business practices.

    Third, we must strengthen our solidarity and cooperation. The risks we face are interconnected — across geographies, political boundaries and development sectors.

    By September, nations will submit new climate plans – or nationally determined contributions. Strong, ambitious strategies to cut emissions and fortify resilience will shape our future and drastically reduce the risk of climate-related disasters.

    Our responses must also be based on behavioural science and predictive forecasting. We must focus particularly on those who are most vulnerable and those already living on the frontlines of crisis.

    The UN Secretariat is committed to supporting you seizing every global opportunity to drive change towards resilience, breaking the vicious cycle of debt, uninsurability and crises.

    This Platform, I believe must elevate disaster risk reduction across the UN system –  from the UN Ocean Conference, to the Fourth International Conference on Financing for Development, to COP30, to the World Summit on Social Development, and beyond.

    Excellencies, Friends,

    This is not business as usual.

    The cost of inaction is already unbearable for many – and the choices we make now will shape the lives of generations to come.

    Disaster risk reduction is not an option – it must be at the heart of our efforts to secure a safer, more sustainable, and more just world.

    So let us rise to that moment — with resolve, with investment, and with the partnerships we need to deliver real results in the lives of people while protecting our planet.

    Thank you.

    ***
     

    MIL OSI United Nations News –

  • MIL-OSI: Big Idea Ventures and Mars Petcare Launch 2025 Global Pet Food Innovation Program in Collaboration with AAK, Bühler, and Givaudan

    Source: GlobeNewswire (MIL-OSI)

    Building on the success of last year’s program, the second round aims to find the next cohort of trailblazers who can deliver innovation in the sustainable pet food space.

    Startups from around the world are invited to apply, with selected participants to showcase their solutions at the Asia-Pacific Agri-Food Innovation Summit.

    The program continues to unite leading food and pet care experts to accelerate sustainable pet food innovation.

    New York, NY , June 03, 2025 (GLOBE NEWSWIRE) — Following the success of last year’s program, Big Idea Ventures and Mars Petcare will launch the second round of the Next Generation Pet Food Program, in collaboration with AAK, Bühler, and Givaudan.

    This initiative aims to accelerate sustainable innovation in the pet food sector by supporting startups with novel ingredients, sustainable fats and proteins, and advanced processing technologies.

    Mars is exploring alternative ingredients in its pet food products to create more sustainable, future-ready nutrition. As consumer preference evolves Mars is working to give pet parents the opportunity to make more environmentally conscious choices, while taking steps to reduce its own carbon footprint.

    This year, Givaudan, a global leader in taste and wellbeing, joins AAK and Bühler as a collaborator, offering expertise in ingredient innovation and product development for humans and pets.

    Andrew D. Ive, Founder and Managing General Partner of Big Idea Ventures, stated:
    “Working with Mars last year was fantastic! We want to take the learnings and implement them on a big scale as we continue to search for and develop sustainable solutions for the pet food ecosystem. Last year, the teams from Mars Petcare, Bühler, and AAK offered invaluable insights to our startups. Now, by integrating Givaudan into the mix, we will further enhance the resources available to the startups we choose.”

    Paul Gardner, Commercial VP, Mars Pet Nutrition added: “We must invest in innovation to help us source the best ingredients and build a future where the planet stays healthy, and where people and their pets are thriving. We’re excited to be launching the second round of this program harnessing the creativity of startups, alongside partners that share our vision”

    “We were thrilled at the enthusiastic response we got from last’s program. It is a testament that innovative startups are the driving force behind the future of sustainable pet nutrition. The program offers a unique opportunity for visionary entrepreneurs to collaborate with leading industry experts, access state-of-the-art technology, and accelerate their impact on the global petfood market. I encourage all startups with bold ideas and a passion for transformation to apply and help us shape a healthier, more sustainable future for pets and planet alike,” said Dr. Ian Roberts, CTO at Bühler Group.

    Niall Sands, President Commercial Innovation and Development, AAK, shared that the company is excited to support pet food innovators to bring nutrition and health-promoting functionality to our beloved pets. They look forward to exploring how innovation in this space is helping pet parents support and care for our 4-legged family members.

    Fabio Campanile, Global Head of Science & Technology, Givaudan Taste & Wellbeing, noted, “Givaudan is excited to be part of this program as it presents a unique opportunity to collaborate with innovative startups and partners, paving the way for a more sustainable and enriching world for pets. We look forward to building on our current capabilities in the pet food space as well as exploring new technologies.”

    Companies selected for the program will benefit from expert guidance, potential commercial partnerships, and the opportunity to showcase their solutions on a global stage at Asia-Pacific Agri-Food Innovation Summit in Singapore from November 4–6, 2025.

    Winners of the 2024 Global Pet Food Innovation Program include BiomeMega, Anomaly Bio, KIDEMIS, String Bio Private Limited, MiAlgae, who have been under the mentorship of Big Venture Idea, Mars, AAK and Bühler. The startups have gained insights from top pet food experts and collaborated with leading CPG, ingredient, and technology companies to further develop their concepts with the potential to develop future long-term collaborations.

    The program is open to startups from around the world, with a strong preference for scalable solutions that can demonstrate real-world impact and sustainability. While APAC-based startups are preferred, companies from all geographies are encouraged to apply.

    For more information, visit bigideaventures.com/petfoodprogram. Interested startups are encouraged to apply here as early as possible and will be able to do so until July 16.

     

    Media contacts:

     

    Bühler:

    Dalen Jacomino Panto, Media Relations Manager

    Bühler AG, 9240 Uzwil, Switzerland

    Phone: +41 71 955 37 57

    Mobile: +41 79 900 53 88

    E-mail: dalen.jacomino_panto@buhlergroup.com

    Katja Hartmann, Media Relations Manager

    Bühler AG, 9240 Uzwil, Schweiz

    Mobile: +41 79 483 68 07

    E-mail: katja.hartmann@buhlergroup.com

    Givaudan:

    Jeff Peppet, Content and Communications Director, T&W

    jeff.peppet@givaudan.com

    +1 513 293 3740

    AAK:

    Carl Ahlgren

    Head of Investor Relations and Corporate Communication

    IR, Communications and Brand

    Malmo, Sweden

    +46706810734

    carl.ahlgren@aak.com

    Mars:

    Alex Lloyd, Global R&D Communications Senior Manager

    Email: alex.lloyd@effem.com

    Big Idea Ventures:

    259 Nassau St Ste 2, #1292 Princeton, NJ 08542

    Shruti Salkar

    Email: news@bigideaventures.com

    About the Partners

    Big Idea Ventures

    Big Idea Ventures is the leading investor in food and agri technology globally. As one of the most active investors in the food-tech, agri-tech, and materials science sectors, we focus on identifying and investing in the most innovative and sustainable technology companies around the world. We collaborate with universities for tech transfer and by combining capital, knowledge, and partnerships, we drive economic growth and help to create food ecosystems. Our collaborations with leading corporations and governments aim to support entrepreneurs, scientists, and engineers in solving some of the world’s biggest challenges. Big Idea Ventures has teams in New York, Paris and Asia and has invested in more than 120 companies across 30 countries.

    www.bigideaventures.com

    Mars, Incorporated

    Mars, Incorporated is driven by the belief that the world we want tomorrow starts with how we do business today. As a $50bn+ family-owned business, our diverse and expanding portfolio of leading pet care products and veterinary services support pets all around the world and our quality snacking and food products delight millions of people every day. We produce some of the world’s best-loved brands including ROYAL CANIN®, PEDIGREE®, WHISKAS®, CESAR®, DOVE®, EXTRA®, M&M’S®, SNICKERS® and BEN’S ORIGINAL™. Our international networks of pet hospitals, including BANFIELD™, BLUEPEARL™, VCA™ and ANICURA™ span preventive, general, specialty, and emergency veterinary care, and our global veterinary diagnostics business ANTECH® offers breakthrough capabilities in pet diagnostics. The Mars Five Principles — Quality, Responsibility, Mutuality, Efficiency and Freedom — inspire our 150,000 Associates to act every day to help create a better world for people, pets and the planet.

    www.mars.com

    AAK

    Everything AAK does is about Making Better Happen™. We specialize in plant-based oils and fats, the value-adding ingredients in many products people love to consume. We make these products better tasting, healthier, and more sustainable. At the heart of AAK’s offer is Customer Co-Development, combining our desire to understand what Making Better Happen™ means for each customer, with the unique flexibility of our production assets, and deep knowledge of products and industries, including Chocolate & Confectionery, Bakery, Dairy, Plant-based Foods, Special Nutrition, Foodservice, and Personal Care. Our 4,100 employees support our close collaboration with customers through 25 regional sales offices, 16 dedicated Customer Innovation Centers, and with the support of more than 20 production facilities. Listed on Nasdaq Stockholm and headquartered in Malmö, Sweden, AAK has been Making Better Happen™ for more than 150 years.

    www.aak.com

    Bühler

    Bühler is driven by its purpose of creating innovations for a better world, balancing the needs of economy, humanity, and nature in all its decision-making processes. Billions of people come into contact with Bühler technologies as they cover their basic needs for food and mobility every day. Two billion people each day enjoy foods produced on Bühler equipment; and one billion people travel in vehicles manufactured using parts produced with Bühler solutions. Countless people wear eyeglasses, use smartphones, and read newspapers and magazines – all of which depend on Bühler process technologies and solutions. Having this global relevance, Bühler is in a unique position to turn today’s global challenges into sustainable business. As a technology partner for the food, feed, and mobility industries, Bühler has committed to having solutions ready to multiply by 2025 that reduce energy, waste, and water by 50% in the value chains of its customers. It also proactively collaborates with suppliers to reduce climate impacts throughout the value chain. In its own operations, Bühler has developed a pathway to achieve a 60% reduction of greenhouse gas emissions by 2030 (Greenhouse Gas Protocol Scopes 1 & 2, against a 2019 baseline). Bühler spends up to 5% of turnover on research and development annually to improve both the commercial and sustainability performance of its solutions, products, and services. In 2023, some 12,500 employees generated a turnover of CHF 3.0 billion. As a Swiss family-owned company with a history spanning 164 years, Bühler is active in 140 countries around the world and operates a global network of 105 service stations, 30 manufacturing sites, and Application & Training Centers in 25 locations.

    www.buhlergroup.com

    Givaudan

    Givaudan is a global leader in Fragrance & Beauty and Taste & Wellbeing. We celebrate the beauty of human experience by creating happier, healthier lives with love for nature. Together with our customers, we deliver food experiences, craft inspired fragrances, and develop beauty and wellbeing solutions that make people look and feel good. From your favourite drink to your daily meal, from prestige perfumes to laundry care, our products help people live happier and healthier lives, and we create them in a way that respects natural resources and the environment.

    www.givaudan.com

    The MIL Network –

  • MIL-OSI United Kingdom: expert reaction to unpublished conference abstract in which scientists propose a new approach for classifying processed foods

    Source: United Kingdom – Executive Government & Departments

    A conference abstract presented at the annual conference of the American Society for Nutrition looks at a new approach for classifying processed foods. 

    Prof Martin Warren, Chief Scientific Officer and Group Leader, the Quadram Institute, said:

    “Refining the definition of processed food is key to improving scientific precision as the current NOVA categories, especially “ultra-processed foods” (UPFs), are too broad and vague, grouping diverse foods together based on processing techniques rather than nutritional composition or health outcomes.  Clearly, more precise definitions would allow for more appropriate research on diet and health outcomes.

    “This also has implications for policy and regulation, as governments and organizations use NOVA to shape food labelling laws as well as dietary guidelines.

    “Currently, there is a mismatch with nutrient profiling with some foods classified as UPFs being nutritionally adequate or even beneficial (e.g., some plant-based alternatives, fortified foods).  A refined system could integrate both processing level and nutritional quality, enabling more balanced assessments.

    “It’s difficult to tell about the quality of this abstract without more detailed analysis of the paper – but the general description and approach seems logical and robust.

    “A step in the right direction but there is a lot of work to do with encouraging people to address the need to adopt the five-a-day recommendation, which has such clear health benefits.”

    Prof Eileen Gibney, Professor in the School of Agriculture and Food Science, University College Dublin (UCD), said:

    “This is an interesting piece of work.

    “It attempts to address some of the criticisms of the current dialogue around the topic of ultra processed foods.  As the authors state some of the issues raised in relation to the current definitions used in the UPF discussion is that you can have two distinctly different foods – a sweet or ‘candy’ bar (e.g. chocolates / sweets) in the same category as a fortified sugar-free whole grain breakfast cereal.  This makes it complicated to use the concept of UPF in nutritional guidance, and nutritional advice.  You can’t ask individuals to simply remove all UPF from a diet, as this leaves little choice for the consumer, and would be incredibly hard for people to follow.  What we need to do is to understand which processed foods to minimise, and those that are in fact beneficial in a diet.

    “The work presented here looks more closely at the ingredients, determining which are processed and not, as well as their known impact on health, it then considers how much added sugar the food contains, and how the combined ingredients impact on health, penalising foods with ingredients which have evidence for increased risk of disease.

    “Essentially this scoring system aims to consider the level of processing (by considering the ingredients within the foods), but also considers evidence that links those ingredients with health outcomes.  This more nuanced evidenced based approach appears to then discriminate foods that have been processed for benefit (e.g. sugar free fortified breakfast cereal) versus those that do not give any nutritional or health benefit e.g. a chocolate bar.

    “This differentiation is important as it means that we are not simply considering the ‘presence of processing’ in a food, as the existing categorization does, but using an evidence based approach, informed by scientific evidence that demonstrates if a processing step, and/or ingredient actually impacts health.  Evidence based approaches to the provision of nutritional advice is really important, and underpins our approach to public health.  It will be important that this scoring system is updated as and when new evidence is available.”

    Prof Helen Roche, Full Professor of Nutrigenomics (Nutrition and ‘Omics’), Director Of Academic Centre – Conway Institute School of Public Health, Physiotherapy and Sports Science, University College Dublin (UCD), said:

    “It is an example of nice research which advances the ways we can enhance and improve classification of healthy versus unhealthy foods, based on sound, systematic science, to better inform the consumer.  It is very difficult to distinguish processed from non-processed food and their potential impact on health.  Take for example lasagne, if you make it yourself at home versus a highly processed version, which by virtue of inferior ingredients and extensive food processing – the end products are very different in terms of nutritional quality.  The new classification system proposed WISEcode UPF has the potential to more accurately classify processed versus non-processed foods – which when presented in an app might help support consumers choice towards more healthy food options.”

    Prof Alexandra Johnstone, Theme Lead for Nutrition, Obesity and Disease, Rowett Institute, University of Aberdeen, said:

    “The press release and abstract are very brief and do not allow for this novel research to be assessed for quality or rigor.  The experienced US-based research group present a novel scoring system to classify foods and ingredients according to processing and evidence of impact on health, in comparison to the existing NOVA scale which is commonly used to classify UPF.  There is very limited description on the validation of the tool and no perspective on limitations of the dataset.  For example, this is being presented at a US nutrition meeting and the trademark terms look to be only relevant for the US food system; it is not clear if this is transferrable in other countries.  Prior to a peer-review publication, it is difficult to comment further on the translation of the data.”

    Dr Amanda Avery, Associate Professor in Nutrition and Dietetics, University of Nottingham, said:

    “The NOVA system for classifying foods as ultra-processed or not has served us well since it was first introduced in 2009.  But it is time to look for an update given that we know that not all ultra-processed foods are equal and some can contribute to a healthy diet.  Also given the ever-increasing number of manufactured food products and increasing level of processing.

    “It is unsurprising that AI has been used to create an app with a scoring system using an assessment of ingredients weighted based on current scientific knowledge of the associated health risks, the percentage of calories that come from added sugars, and considerations for ingredients with known health concerns (such as high fructose corn syrup, artificial sweeteners, and salt).  Without further information, one assumes that there is also consideration of the positive health benefits of wholegrains providing dietary fibre.

    “This scoring system was applied to a large number of foods and many different food ingredients were considered.  The USA-based scientists found that the proposed scoring system was better able to differentiate between foods classified as ultra-processed compared to using the NOVA criteria.  As one would expect, and hope, there was less differentiation between those foods that are minimally processed.

    “It is unlikely that there will ever be a perfect system that accounts for all the nuances that weigh up the risks and benefits of processed food and health.  Food manufacturers continue to process food to develop products that are safe and appealing without always considering the wider health impact and of course the health impact is very dependent on how often and how many ultra-processed foods are included in an individual diet.  If included occasionally as part of an overall healthy and nutritionally balanced diet, the health risks will be considerably reduced.

    “Sadly, whilst such an app may be able to influence healthier food choices, people’s food choices are influenced by a number of factors.  Having a greater awareness of the level of processing and ingredients included in a product may not influence choice for everyone.  Price for many has a huge influence on the food choices they make, and sadly ultra-processed foods often remain the cheaper option.  One exception is that instore brands can often have a better nutritional profile compared to the equivalent branded product and such technology may provide consumers with a greater awareness of this – which is great.

    “The abstract being presented is very much describing the development of the app.  There does not seem to be any robust evaluation of the use of the app that demonstrates conclusive evidence of the value of the app in improving consumer food choice or the wider health benefits.  It would also be good to know if the ability for consumers to be able to compare similar products changes food manufacturing practices to reduce the level of processing and use of artificial ingredients.

    “The app has been developed in the USA and whilst a large number of foods and ingredients have been used as part of the development, there are differences in the foods that are available in the UK.”

    Abstract title: ‘Ultra-Processed Foods Are Not All Alike: A Novel, Objective Approach to Differentiate Among Processed Foods Including Those Classified As NOVA 4’ by Richard Black et al.  It will be presented at the NUTRITION 2025 conference, and is under embargo until 15:00 UK time on Tuesday 3 June 2025.

    There is no paper.

    Declared interests

    Prof Martin Warren: “The Quadram Institute is a UK science national capability strategically supported by the Biotechnology and Biological Sciences Research Council, and also receives funding from other government agencies, national and international charities, and limited funding from industry (six per cent of total funding in 2022/23 came from industry).

    Martin’s not got any interests to declare.”

    Prof Eileen Gibney: “Eileen R. Gibney is a Professor of Nutrition in University College Dublin, and Director of the UCD Institute of Food and Health.  Over the last 5 years she has received research funding through the following; Enterprise Ireland for Technology Centre – Food for Health Ireland (www.fhi.ie) project, co-funded with core partners Carbery, Kerry, Tirlan, Dairygold & Bord Bia; Research Ireland for the Insight Centre for Data Analytics and Co-Centre for Sustainable Food Systems; Horizon Europe most recently in projects such as FNSCloud, PLANEAT and MarieCurie CareerFIT; PhD studentship funding from Société des Produits Nestlé, Switzerland; UCD Foundation and McCarrick Family has provided funding for PhD studentship.

    A travel bursary including Registration, Accommodation and Honorarium for attendance and speaking at the Nestle International Nutrition Symposium 2025, was provided by Société des Produits Nestlé, Switzerland.

    Eileen R Gibney has completed consultancy work for the following; Société des Produits Nestlé, Switzerland; Irish Advertising Standards Agency, Food Safety Authority of Ireland.  No personal payment was received, all payments were made into a research fund through Consult UCD.”

    Prof Helen Roche: “I have no conflict of interest with respect to the study I commented on.”

    Prof Alexandra Johnstone: “AJ holds voluntary roles within the UK Nutrition Society, Association for the Study of Obesity and British Nutrition Foundation.

    FIO Food Grant

    https://www.abdn.ac.uk/rowett/research/fio-food/

    DIO Food Grant

    https://www.abdn.ac.uk/rowett/research/dio-food/.”

    Dr Amanda Avery: “Besides my academic position at the University of Nottingham, I also hold a position at Slimming World as Consultant dietitian in the Nutrition, Research & Health Policy team. 

    I have no other conflicts of interest to declare.”

    MIL OSI United Kingdom –

  • MIL-OSI: WISeKey’s WISeSat Confirms Next Satellite Launch Scheduled for Mid-June from California to Advance Quantum-Safe Space Communications

    Source: GlobeNewswire (MIL-OSI)

    WISeKey’s WISeSat Confirms Next Satellite Launch Scheduled for Mid-June from California to Advance Quantum-Safe Space Communications

    • By 2027, WISeSat.Space aims to establish a large constellation of satellites, incorporating WISeKey cryptographic keys and PQC semiconductor technology from SEALSQ, to ensure robust, quantum-resistant communication capabilities from space.
    • The WISeSat satellite constellation aims to accelerate the deployment of its satellite constellation, scale QKD capabilities, and enable a scalable “Satellite-as-a-Service” business model that integrates decentralized IoT transactions and post-quantum secure communications

    Geneva, Switzerland, June 3, 2025 –WISeKey International Holding Ltd (“WISeKey”) (SIX: WIHN, NASDAQ: WKEY), a leading global cybersecurity, blockchain, and IoT company, via its subsidiaries, WISeSat.Space SA (“WISeSat”) and SEALSQ Corp (NASDAQ: LAES) (“SEALSQ” or “Company”), a company that focuses on developing and selling Semiconductors, PKI, and Post-Quantum technology hardware and software products, and today announced the upcoming launch of WISeSat 3.0, scheduled for second week of June 2025, marking the first satellite to embed SEALSQ’s Quantum RootKey. This mission initiates a new era of quantum-safe space communications, establishing a space-based Proof-of-Concept for Post-Quantum Key Distribution (QKD) designed to secure global data infrastructure against emerging quantum threats.

    This next-generation satellite platform will support cryptographic key generation and management both in orbit and at mission control. It ensures encryption, authentication, and validation of software and data using NIST-standardized post-quantum algorithms, including CRYSTALS-Kyber and CRYSTALS-Dilithium, selected in August 2024.

    At the heart of WISeSat 3.0 lies the Quantum RootKey, a hardware-based root-of-trust module developed by SEALSQ to resist both classical and quantum cyberattacks. By isolating cryptographic operations within a tamper-resistant environment directly on the satellite, RootKey protects key storage, signing, and encryption processes. It enables end-to-end secure communications and digital identity services, even under the computing power of future quantum machines.

    The satellite will deliver several key capabilities: secure command authentication to prevent unauthorized satellite control, encryption of sensitive data such as Earth observation, defense telemetry, and scientific research, and post-quantum key distribution for critical infrastructure sectors such as energy, transportation, and smart cities. It also allows for the secure onboarding of billions of IoT devices by providing quantum-resistant digital identities from space, even in remote or disconnected regions.

    WISeSat has gradually embedded technologies from WISeKey, SEALSQ, and Hedera into its satellite operations, allowing these next-generation satellites to become a benchmark for post-quantum security from space. This advanced integration also supports the use of trusted digital tokens such as SEALCOIN, opening new frontiers in secure space-to-ground transactions and tokenized satellite-based services.

    WISeSat.Space has also established key infrastructure, including a satellite antenna in La Línea, Spain, with plans to install another in Switzerland. These installations will enhance the monitoring and management of the growing satellite constellation, ensuring optimal performance and secure operations. By 2027, WISeSat.Space aims to establish a large constellation of satellites, incorporating WISeKey cryptographic keys and PQC semiconductor technology from SEALSQ, to ensure robust, quantum-resistant communication capabilities from space.

    As quantum computing advances, the risk of key extraction, spoofing, and eavesdropping on satellite networks becomes increasingly urgent. SEALSQ’s Post-Quantum RootKey architecture provides robust, real-time defenses, including secure key isolation, signature validation, and quantum-resilient encryption, ensuring any attempt to intercept or tamper with quantum key exchanges is immediately detectable.

    In parallel, WISeSat’s multi-layered quantum-secure platform is designed to leverage the unique properties of space, including microgravity, to enable scientific breakthroughs impossible on Earth. This includes quantum sensing for unspoofable positioning, navigation, and timing (PNT), secure deep-space exploration, and in-orbit manufacturing of quantum components in pristine, interference-free environments.

    These advancements position WISeSat 3.0 to play a strategic role in enabling a sovereign, resilient, and secure digital infrastructure at a time of rising geopolitical and cybersecurity tensions. The mission underscores Europe and its allies’ commitment to space sovereignty and secure digital transformation.

    Together, WISeSat and SEALSQ are setting the foundation for a new generation of cyber-resilient, quantum-ready space systems, redefining global digital trust from orbit.

    About WISeKey

    WISeKey International Holding Ltd (“WISeKey”, SIX: WIHN; Nasdaq: WKEY) is a global leader in cybersecurity, digital identity, and IoT solutions platform. It operates as a Swiss-based holding company through several operational subsidiaries, each dedicated to specific aspects of its technology portfolio. The subsidiaries include (i) SEALSQ Corp (Nasdaq: LAES), which focuses on semiconductors, PKI, and post-quantum technology products, (ii) WISeKey SA which specializes in RoT and PKI solutions for secure authentication and identification in IoT, Blockchain, and AI, (iii) WISeSat AG which focuses on space technology for secure satellite communication, specifically for IoT applications, (iv) WISe.ART Corp which focuses on trusted blockchain NFTs and operates the WISe.ART marketplace for secure NFT transactions, and (v) SEALCOIN AG which focuses on decentralized physical internet with DePIN technology and house the development of the SEALCOIN platform.

    Each subsidiary contributes to WISeKey’s mission of securing the internet while focusing on their respective areas of research and expertise. Their technologies seamlessly integrate into the comprehensive WISeKey platform. WISeKey secures digital identity ecosystems for individuals and objects using Blockchain, AI, and IoT technologies. With over 1.6 billion microchips deployed across various IoT sectors, WISeKey plays a vital role in securing the Internet of Everything. The company’s semiconductors generate valuable Big Data that, when analyzed with AI, enable predictive equipment failure prevention. Trusted by the OISTE/WISeKey cryptographic Root of Trust, WISeKey provides secure authentication and identification for IoT, Blockchain, and AI applications. The WISeKey Root of Trust ensures the integrity of online transactions between objects and people. For more information on WISeKey’s strategic direction and its subsidiary companies, please visit www.wisekey.com.

    Disclaimer
    This communication expressly or implicitly contains certain forward-looking statements concerning WISeKey International Holding Ltd and its business. Such statements involve certain known and unknown risks, uncertainties and other factors, which could cause the actual results, financial condition, performance or achievements of WISeKey International Holding Ltd to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. WISeKey International Holding Ltd is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise.

    This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities, and it does not constitute an offering prospectus within the meaning of the Swiss Financial Services Act (“FinSA”), the FinSa’s predecessor legislation or advertising within the meaning of the FinSA. Investors must rely on their own evaluation of WISeKey and its securities, including the merits and risks involved. Nothing contained herein is, or shall be relied on as, a promise or representation as to the future performance of WISeKey.

    Press and Investor Contacts

    WISeKey International Holding Ltd
    Company Contact: Carlos Moreira
    Chairman & CEO
    Tel: +41 22 594 3000
    info@wisekey.com     		 WISeKey Investor Relations (US) 
    The Equity Group Inc.
    Lena Cati
    Tel: +1 212 836-9611
    lcati@theequitygroup.com

    The MIL Network –

  • MIL-OSI Russia: Special Report: Silkworms Weave New Ties of Cooperation Between China and Azerbaijan under Belt and Road Initiative

    Translation. Region: Russian Federal

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

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

    BAKU, June 3 (Xinhua) — In the small town of Gakh, 350 km northwest of Baku, Chief Engineer Manet Suleymanli was inspecting a mulberry plantation at the Gakh Sericulture Breeding Station on a foggy morning. Pointing to the trees, he said: “There are 30,000 Chinese saplings planted in 2019 growing on these three hectares. See, they are almost reaching my shoulders. In six years, we have imported 4.5 million saplings, they are planted all over the country. This is a revival.”

    THIRTY YEARS OF DECLINE: FROM SOVIET GREATNESS TO OBLIVION

    Azerbaijan was one of the centers of the eastern silk industry with a history of more than 1,500 years. In the 1960s and 70s, cocoon production exceeded 20 thousand tons – the second place in the USSR after Uzbekistan. In terms of quality, Azerbaijani silk was considered the best in the world and was exported to Japan, Switzerland, and Italy. But after the collapse of the USSR in the 1990s, economic ties were destroyed, collective farms disappeared, plantations were abandoned, breeds degraded, and specialists left. Akram Fataliyev, who headed the Gakh station for 40 years, recalls: “In 1986, 6,000 tons of cocoons were produced, in 2014 – only 10 tons, in 2015 – 236 kilograms. Production was disappearing.” According to him, with the decline of sericulture, he had to go into business.

    CHINESE TECHNOLOGY BEARS FRUIT: “PROJECT GREEN” REVITALIZES THE INDUSTRY

    The turning point came in 2016, when President Ilham Aliyev signed a decree on state support for sericulture. The “new silkworm project” began, and the first Chinese seedlings and silkworms crossed the Tien Shan and the Caspian to take root again in Azerbaijan. This became a new chapter in the cooperation between the two countries within the framework of the Belt and Road Initiative. M. Suleymanli explains: “The Chinese tree has large leaves – the caterpillars love them. But the Chinese caterpillars eat little, but produce a lot of silk.”

    In order to develop the industry, the “State Program for the Development of Cocoon Farming and Sericulture in the Republic of Azerbaijan for 2018-2025” was adopted in 2017. The country began actively purchasing cocoons from China, incubating them and distributing them free of charge to farmers in order to increase cocoon production to 6,000 tons per year.

    The main partner is Shandong Guangtong Silkworm Eggs Co., Ltd. Li Qiliang, who worked in Gakh from 2016 to 2019, explains: “The mulberry tree bears fruit for 15-20 years, then the harvest declines. Most of the trees were inherited from the USSR – they are old. China supplies grafted seedlings of the Jisang No. 3 variety – they are resistant to diseases, heat and drought, and produce high-quality leaves.” The Chinese breed of silkworms Huakang No. 3 forms cocoons up to 1,200 meters long – this is 300-400 meters longer than local caterpillars.

    GAKHSKAYA STATION OF SILKWORM BREEDING: INDEPENDENT SELECTION OF HYBRID LINES OF SILKWORMS

    In 2018, cooperation between China and Azerbaijan in the field of sericulture reached a new level. With technical support from China, the breeding station in Gakh was reconstructed. President I. Aliyev and his wife attended the opening ceremony, emphasizing the importance of the project. Three Chinese specialists, including Li Qiliang, took a commemorative photo with the presidential couple.

    Silkworms are the basis of sericulture. The Gakh station is the only institution in the country engaged in their breeding. Investment in its restoration was the first step towards self-sufficiency in this area. Founded in 1973, the station ceased operations in 1998, but after reconstruction it occupies five hectares, including an administrative building, a laboratory, incubation and hybrid centers.

    Three hectares of mulberry plantations have been created at the station. In 2019, 30,000 Chinese seedlings resistant to the harsh climate began to grow here. That same year, research on silkworm hybridization began – for the first time in the history of Azerbaijan. According to Li Qiliang, the training was carried out strictly according to Chinese standards. Hybridization increases the resistance of silkworms to diseases and increases the yield of cocoons.

    Chief Engineer M. Suleymanli said that currently “Gakh-1” and “Gakh-2” are being grown, having reached the fifth age. Soon they will begin to form cocoons, after which mating will occur to obtain a new species. Delivery of two more varieties of gren from China is expected.

    In 2018, Lalazar Gaidarova, an employee of the station, completed a two-week training in China. “Chinese technologies are modern and effective. Now we do everything the same way as in China. Even the equipment was brought from there,” she shared. L. Gaidarova advocates for a regular exchange of experience with the Chinese side and sending Azerbaijani youth for internships. “Our specialists are getting older. 62-year-old Manet is the youngest. We need to prepare a replacement,” she says.

    This year, the Ministry of Agriculture of Azerbaijan again imported 5,000 boxes of garnets from China, supplementing them with 1,000 boxes of local production. A total of 6,000 boxes were distributed among 40 districts and Nakhchivan. The projected harvest is 240 tons. M. Suleymanli noted that in sericulture, as in viticulture, there are lean years, and the current year is not the best.

    Farmers have realized the advantages of sericulture: high profits and quick results – after 40 days the caterpillars form cocoons. Capital turnover is only two months. Now farmers in 40 of the country’s 66 regions and in Nakhchivan are engaged in sericulture. The leaders are Zardab, Fizuli, Zagatala and others.

    According to Zaur Abbasov, Advisor to the Head of the Gakh District, registration of farmers begins in February. Based on applications, the Ministry of Agriculture imports the required amount of grains. By the end of April and the beginning of May, the grains are distributed among the regions. “Grans and mulberry tree seedlings are provided free of charge. The revival of sericulture is important for diversifying the economy and preserving traditions,” he noted.

    To stimulate farmers, the state increased the purchase price of cocoons from three to 11 manats per kilogram, of which five is paid by the buyer and six by the state in the form of a subsidy.

    There are already tangible results: 236 kg of cocoons were collected in 2015, and 643.7 tons in 2019, which provided income for more than 10,000 rural families.

    Xinhua met Sahib, Azerbaijan’s champion sericulturist. In 2018, he collected one ton of cocoons from 20 boxes of geraniums, setting a record. Now he works with five boxes, expecting a 250-kilogram harvest. His sericulture workshop resembles a factory, with two-tiered racks and temperature and humidity controls. “Look, the caterpillars are sleeping. In 15 days, the cocoons will be ready. At 11 manat per kilogram, that will bring in 2,750 manat, a third of the family’s annual income,” he said. –0–

    MIL OSI Russia News –

  • MIL-OSI Security: Eurojust supports successful operation against human traffickers

    Source: Eurojust

    The criminal group targeted individuals from disadvantaged communities in Romania. The perpetrators approached their victims on social media, luring them with false romantic promises or offers for them to perform sex work abroad under favourable conditions. Once the victims accepted these offers, they were taken abroad to provide sexual services on escort websites and in rented flats. They were kept under constant surveillance by the criminal group and subjected to appalling conditions, working long hours in degrading and unsafe circumstances. The victims were expected to work continuously, regardless of their mental or physical state. Even visibly pregnant women were forced to work without rest.

    Investigations into the group uncovered a large-scale network that had been operating across Europe for over seven years. In 2022, its members moved to Switzerland to continue their activities in several Swiss German-speaking cities, particularly Zurich. The suspected leader of the group started to recruit new members, setting up his own criminal school, where he taught techniques enslaving and exploiting victims. In some cases, victims were traded between members in exchange for money or used as stakes in gambling.

    A joint action day to dismantle the criminal group took place on 3 June. Authorities arrested 13 suspects in Romania and four in Switzerland. The alleged victims were brought to safety and given support from a counselling service specialising in human trafficking. In addition to targeting the members in Switzerland, the investigations also focused on individuals in Romania who provided logistical support and laundered the proceeds from the criminal activities.

    The successful operation was made possible through close cooperation between Romanian and Swiss authorities under the coordination of Eurojust and Europol. A joint investigation team, set up and funded by Eurojust, ensured the authorities could work together quickly and efficiently. Europol supported the national authorities throughout the investigation by facilitating the exchange of critical intelligence and providing expert analytical support, including the preparation of link charts on the organised crime group. On the action day, Europol provided remote assistance to investigators by cross-checking operational data in real time.

    The following authorities carried out the operation:

    • Romania: Prosecutor’s Office attached to the High Court of Cassation and Justice – Directorate for Investigating Organised Crime and Terrorism, Bacau Territorial Service; Police Brigade for Combating Organised Crime Iași, Police Service for Combating Organised Crime Neamț; Neamț and Bacău County Gendarmerie Inspectorates; Mobile Gendarmerie Unit Bacău.
    • Switzerland: Public Prosecutor’s Office of the canton of Zurich; Zurich City Police

    MIL Security OSI –

  • MIL-OSI United Nations: First Global Early Warnings for All Multi-Stakeholder Forum launches with call to accelerate universal protection from disasters

    Source: UNISDR Disaster Risk Reduction

    Geneva, Switzerland, 2 June 2025 – The inaugural Global Early Warnings for All Multi-Stakeholder Forum opened today with a resounding call to accelerate the implementation of life-saving early warning systems worldwide. Co-led by the United Nations Office for Disaster Risk Reduction (UNDRR) and the World Meteorological Organization (WMO), the forum brings together governments, international organizations, civil society, private sector actors, and communities to advance the UN Secretary-General’s Early Warnings for All (EW4All) initiative.

    As part of the preparatory days for the Global Platform for Disaster Risk Reduction, the two-day forum aims to ensure that every person on Earth is protected by early warning systems by the end of 2027. With disasters projected to increase by 40% between 2015 and 2030, and economic losses from disasters in 2023 estimated at $250 billion, the urgency for effective early warning systems has never been greater.

    The forum’s opening session featured a comprehensive stock-take of global early warning system progress, highlighting that 108 countries report that they have multi-hazard early warning systems. Building on outcomes from five regional Early Warnings for All Multi-Stakeholder Fora held across Asia-Pacific, Africa, Europe & Central Asia, the Americas & Caribbean, and Arab States, the global gathering captures lessons learned and identifies pathways to close remaining gaps.

    Community-centered approaches and innovation at the forefront

    Graphic recording of thematic session on community empowerment.

    The forum’s first day emphasized the critical importance of people-centered approaches to early warning systems. Thematic sessions explored how communities can be empowered through user-tailored early warnings and early action, with particular attention to the unique challenges faced in fragile and conflict settings.

    Mr. Kamal Kishore, Special Representative of the UN Secretary-General for Disaster Risk Reduction, reinforced this message, stating, “Leave no one behind comes very important in the context of early warning systems. Women, children and persons with disabilities are not passive recipients of services, they are active participants.”

    Participants examined effective governance models that support multi-hazard early warning systems, recognizing that successful implementation requires institutionalized chains of responsibility and multi-stakeholder engagement including South-South and Triangular Cooperation mechanisms. The forum highlighted that early warning systems are strongest when at-risk communities and sectors co-develop and co-own these systems, ensuring trust, timely action, and long-term sustainability.

    Innovation emerged as a key theme, with experts showcasing how science, technology, and local knowledge can advance multi-hazard early warning systems. Discussions covered the integration of artificial intelligence, satellite systems, Information of Things (IoT) technologies, and traditional knowledge systems to enhance forecasting accuracy and improve warning dissemination to vulnerable populations.

    Ambassador Julien Thöni, Deputy Permanent Representative of Switzerland to the United Nations and other Organisations in Geneva, highlighted the dual nature of innovation: “Early Warning Systems can go hand-in-hand with innovation. New technologies from satellite data to mobile alerts help us predict more accurately and reach people faster. But innovation also means finding smarter ways to work together, adapt to local needs, and make sure no one is left behind.”

    Building partnerships for resilient futures

    Graphic recording of opening session & stock take on collaborative action and multilateralism.

    The forum underscored that no single entity can build and maintain effective early warning systems alone. Participants emphasized the need for stronger partnerships across sectors, levels of government, and international boundaries to achieve Early Warnings for All, by All.

    Professor Celeste Saulo, Secretary-General of the World Meteorological Organization, emphasized the critical importance of collaboration: “No warning, however early, is effective unless it reaches the right people at the right time. And that is why we are here today. To cement our partnerships and trust which are essential to early action…Alone we can do very little. But together, we can do so much.”

    Early warning systems provide a ten-fold return on investment and are recognized as among the most cost-effective adaptation measures. However, their full socio-economic benefits remain under-documented, highlighting the need for better evidence and advocacy to scale up investments.

    The forum’s diverse organizing committee, including the International Telecommunication Union (ITU), the International Federation of Red Cross and Red Crescent Societies (IFRC), the CREWS Secretariat, the Risk-informed Early Action Partnership (REAP), the United Nations Development Programme (UNDP), the United Nations Environment Program (UNEP), the Food and Agriculture Organization (FAO), United Nations Office for the Coordination of Humanitarian Affairs (OCHA), Group on Earth Observations (GEO), the United Nations Educational, Scientific, and Cultural Organization (UNESCO), the World Food Programme (WFP), Stakeholder Engagement Mechanism (SEM), the Global Network of Civil Society for Disaster Reduction (GNDR), and the Executive Office of the Secretary-General Climate Action Team, reflects the multi-stakeholder approach essential for success.

    Path forward: cooperation and finance

    Graphic recording of session on effective governance to support multi-hazard early warning systems.

    As the Forum continues, participants will focus on accelerating Early Warnings for All through international, regional and national cooperation and partnerships, alongside solutions for scaling and sustaining investments in multi-hazard early warning systems and building resident capacity.

    The Forum will produce an outcome statement sharing overarching needs and priorities, as well as emerging opportunities identified by participants at the global level. These outcomes will feed directly into the Global Platform’s thematic session on early warnings and early action.

    With Target G of the Sendai Framework calling for substantial increases in the availability and access to multi-hazard early warning systems, the Global Early Warnings for All Multi-Stakeholder Forum represents a critical milestone in the journey toward universal protection from disasters.

    The Global Early Warnings for All Multi-Stakeholder Forum continues on 3 June 2025, focusing on international cooperation and financing solutions for early warning systems.

    MIL OSI United Nations News –

  • MIL-OSI United Nations: GPDRR 2025 highlights: Monday 2 June 2025

    Source: UNISDR Disaster Risk Reduction

    The 8th Global Platform on Disaster Risk Reduction 2025 (GPDRR2025) began with preparatory events on Monday, 2 June, ahead of the upcoming official programme with highlevel meetings from 4-6 June in Geneva, Switzerland. GPDRR 2025 is organized by the UN Office for Disaster Risk Reduction (UNDRR) and hosted by the Government of Switzerland. Two parallel events took place on Monday: the Third Stakeholder Forum and the Global Early Warning for All (EW4All) MultiStakeholder Forum.

    Third Stakeholder Forum

    Opening

    The Third Stakeholder Forum opened with statements by the Governments of Switzerland and Indonesia and senior UN leaders under the theme “United for Resilience.” Speakers highlighted progress on the Bali Agenda for Resilience, an outcome of the 7th Global Platform in 2022, and the opportunities for inclusive disaster risk reduction (DRR).

    Mirjam Macchi, Swiss Agency for Development and Cooperation, appreciated stakeholders’ solidarity around the evacuation and assistance to the historic village of Blatten, destroyed last week by a glacial landslide 200 km from Geneva. She noted that even livestock were cared for-a powerful reminder that “resilience begins with local people” and inclusive solutions are more effective when those directly affected by disasters bring vital knowledge to action.

    Achsanul Habib, Permanent Representative of Indonesia to the UN, reaffirmed Indonesia’s commitment to risk-informed policies and inclusive approaches. He encouraged all participants to use the Stakeholder Forum as “not only a platform to listen and share, but a platform to act together.”

    The event also showcased the Sendai Framework Voluntary Commitments online platform (SFVC), where stakeholders can register their commitments, and users can identify areas of activity as well as gaps. Yuki Matsuoka, Head, UNDRR Office in Japan, noted that 729 individual organizations so far have registered their commitments.

    Celeste Saulo, Secretary-General, World Meteorological Organisation

    Whole-of-society approach for the Sendai Framework on DRR: A collective responsibility

    Sarah Wade-Apicella, UNDRR, moderated the session. On effective methods to implement inclusive DRR, Marcie Roth, World Institute on Disability, underscored the need for people with disabilities to be involved early in co-development of disaster risk strategies, and for foresight processes to incorporate diverse voices. Major Hamad Sabah Al-Sawar, Director of Crisis and Disaster Management, Bahrain, described Bahrain’s communication platform providing diverse modes of information sharing in multiple languages, the use of a phone application, and a common hashtag used to mobilize public action.

    On intersectional and intergenerational knowledge sharing, Tom Colley, HelpAge International, drew attention to the wide network of older people associations worldwide as opportunities to engage this age group in DRR. He noted these associations can also harness and serve as channels for bringing Indigenous Peoples’ knowledge into DRR strategies. Barrise Griffin, Disaster Risk Management Authority, The Bahamas, emphasized moving away from one-off, extractive approaches to information gathering, and instead facilitating ongoing dialogue. Josefina Miculax Sincal, Huairou Commission, called for frameworks and trainings to strengthen good practices at the community level.

    A slide showing the numbers of internal displacement by hazard for 2015- 2024.

    Participants then heard comments and questions from the floor on the role of national DRR platforms in community-level participation, engagement, and school programs for children; managing conflicts of interest; looking beyond immediate impacts of DRR; measuring the effectiveness of stakeholder engagement; shifting risk ownership to local communities to handle disasters; and securing resources.

    Data and financing for disaster displacement as loss and damage

    Steven Goldfinch, Asian Development Bank (ADB), moderated this session.

    Christelle Cazabat, Internal Displacement Monitoring Centre, explained that research into Hurricane Milton’s impacts in the US shows how people’s aspirations change when displacement stretches into the long term. She noted 2024 saw the highest number of people displaced in a single year globally (45.8 million), as well as the highest number of people continuing to live in displacement (9.8 million).

    Noralene Uy, Department of Environment and Natural Resources, the Philippines, noted that her country ensures children have access to child-friendly spaces during displacement, and that national protocols guide national and local assessments and reporting. Isoa Talemaibua, Ministry for Maritime and Rural Development, Fiji, highlighted Fiji’s risk assessment activities and stressed the value of financial tools such as green and blue bonds, and parametric insurance that enables rapid payouts based on environmental triggers.

    Hoang Phuong Thao, ActionAid Vietnam, highlighted the organization’s work with marginalized and remote communities to use smartphones for receiving early warnings, as well as for reporting on local conditions, thereby informing the government’s trend analysis. Catalina Díaz Escobar, Corporación Antioquia Presente, emphasized that data collection itself is a political process and should be conducted in an ethical and respectful manner.

    From Paris to Sendai: the fundamental connection of climate and DRR

    Jamie Cummings, Sendai Stakeholder Engagement Mechanism, moderated the session. Animesh Kumar, UNDRR, underlined that risk is a common denominator across the Sendai Framework, Paris Agreement, and Sustainable Development Goals (SDGs), stating that all these global frameworks share the goal of resilience. He encouraged the institutionalization of the agreements at the national level and highlighted the need to localize them. On technical assistance, he stressed that funding applications under the Santiago Network -a mechanism to support countries recovering from loss and damage due to climate change -should be designed to catalyze downstream impacts. Hisan Hassan, National Disaster Management Authority, Maldives, described his country’s focus on EW4All and slow-onset losses. Manon Robin, UN Framework Convention on Climate Change (UNFCCC) Secretariat, discussed integration of national adaptation plans and DRR strategies and emphasized, supported by Le-Anne Roper, UNDRR, the need to focus on coordinating actors on different aspects of climate resilience. Amber Fletcher, University of Regina, emphasized that slow-onset disaster management and funding are crucial for food producers, and stressed the significance of non-economic loss and damage.

    View of the panel during the “From Paris to Sendai: the Fundamental Connection of Climate and DRR” event.

    Innovative financing and private sector leadership in DRR

    Camila Tapias, UNDRR ARISE Global Board Member, moderated the session. Manisha Gulati, ODI Global, noted that most funding goes toward emergency response after disasters occur. She highlighted that when the private sector invests in critical services, DRR becomes an outcome, not only a target.

    Yezid Niño, Private Sector Liaison, UNDRR Americas, emphasized the relevance of understanding that DRR is part of the development of the countries and pointed toward the role of regulatory frameworks in involving the private sector in financing DRR. Terry Kinyua, Co-Chair of the ARISE Global Board, stressed that the resilience of communities amounts to the resilience of a country.

    Through digital interaction, attendees identified cost-benefit analysis, data gaps, and trust as the major barriers to private sector investment in DRR. Among the actions leaders can take to accelerate investment in resilience, attendees mentioned political incentives, regulatory alignment, resilience as a national priority, and the involvement of local leaders.

    View of the panel during the “Innovative Financing and Private Sector Leadership in DRR” event.

    Implementation of climate and DRR gender action plans at the national level-Synergies and strategies

    Mwanahamisi Singano, Women’s Environment and Development Organization (WEDO), moderated this panel discussion unpacking synergies between the different Gender Action Plans (GAPs) under multiple conventions and frameworks, including the Sendai GAP. She noted the need to avoid duplication and ensure cost effectiveness.

    Mary Picard, Humanitarian and Development Consulting, gave a keynote address describing the actions leading to the launch of the Sendai GAP in 2024. Panelists mentioned key lessons from their experiences with governments in implementing the GAPs, including the challenge of competing priorities and political preferences among different ministries when attempting to coordinate the different GAPs. Other interventions focused on holding governments and agencies accountable for implementing GAPs and enhancing communication among women’s networks, particularly those involved in DRR. Following interventions on regional mapping tools and GAP observatories that monitor implementation progress, Singano invited participants to provide inputs towards developing a universal DRR gender equality observatory.

    Community-led action for resilience, building partnerships for inclusive action

    Maité Rodríguez, Fundación Guatemala, moderated this session. The panel featured grassroot women leaders and related international organizations. Godavari Dange, Swayam Shikshan Prayog, a women-led organization of farmer-producers, highlighted women farmers’ work in drought preparedness to cultivate and stockpile animal fodder. She also highlighted technology training conducted during the COVID-19 pandemic for women to use online platforms. Norma Choc Botzoc, Community Practitioners’ Platform for Resilience in Guatemala, described grassroot women’s own development of risk and vulnerability assessments, which, she noted, are being used as tools for advocacy to local authorities to direct resources appropriately. Speakers from ADB and the Centre for Coordination of Disasters in Central America and the Dominican Republic (CEPREDENAC) affirmed the central importance of cooperation and co-design of programs for climate resilience and recovery after disasters.

    Disaster preparedness and risk reduction in urban areas—Building back better

    Ladeene Freimuth, The Freimuth Group, moderated the session. Guilherme Simões, National Secretary for Peripheries, Ministry of Cities, Brazil, outlined the Live Peripheries program, which provides access to better urban infrastructure, social services, and opportunities; and the Peripheries Without Risk strategy, a community-based risk reduction and climate adaptation plan.

    Marcie Roth, World Institute on Disability, highlighted EWS as one of the best-proven and cost-effective methods for reducing disaster deaths and losses. She drew attention to “Infinite Access,” a communication platform designed to deliver emergency alerts in multiple accessible formats.

    Mario Flores, Habitat for Humanity International, discussed the challenges and opportunities of urban environments, stressing the need to build better in the first place; to have risk-informed development; and to consider housing as a platform for a peoplecentered resilience approach.

    Debbra Johnson, ARISE-US Network, addressed the report “Navigating the sustainability-resilience nexus,” which brings together the SDGs, the Paris Agreement, and the DRR Sendai Framework.

    Breaking the DRR financing silos: A systematic shift in DRR financing for localization of inclusive resilience

    Camila Tapias, UNDRR ARISE Global Board Member, moderated the session. Noting that financial capital existed but is not reaching local levels, Tanjir Hossain, Stakeholder Engagement Mechanism, called for breaking down silos so funding is not sitting around while millions of people suffer. Steve Goldfinch, ADB, described the National Disaster Management Fund of Pakistan that finances projects with high economic benefits using a 70% – 30% funding model from provincial governments. He also highlighted the National Disaster Risk Management Fund of the Philippines that encourage local governments to invest in disaster response, relief, preparedness and risk reduction measures. Emma Haight, UNDRR Investor Advisory Board, described the adoption of a green sewer design, first developed in Washington DC, which proved so successful that the design was replicated in London, UK, Cape Town, South Africa, and Quito, Ecuador, highlighting its environmental and financial risk reduction, and over USD 200 million in cost savings. Michelle Chivunga, Global Policy House, discussed using artificial intelligence to shift DRR responses, optimize data utilization in local governments, track and mobilize funding, and to use digital capital during humanitarian crisis to make up for funding shortfalls. Sara Hoeflich, United Cities and Local Government, recommended investment in basic services such as water supply, street cleaning, and sewer solutions to ensure clean cities as an investment and risk mitigation measure. Marcos Concepción Raba, Global Network of Civil Society Organisations for Disaster Reduction, discussed effective localization.

    Global Early Warning for All (EW4All) Multistakeholder Forum

    Opening

    Julien Thöni, Ambassador and Deputy Permanent Representative to the UN, Switzerland, said timely early warning action should provide critical time to act and respond, and noted that innovation better predicts and reaches people faster. Celeste Saulo, Secretary-General, World Meteorological Organization (WMO), suggested key criteria for improving early warning systems (EWS), including that science must connect people; and systems and partnerships must include actors “outside the DRR tent,” especially those most at risk. Kamal Kishore, Special Representative of the United Nations Secretary-General for Disaster Risk Reduction, and Head of UNDRR, said EWS should not be regarded as a once-off intervention. He said national ownership must be strengthened, and the concept of leaving no one behind should be embedded into all efforts. Selwin Hart, Special Adviser to the Secretary-General on Climate Action and Just Transition, via video, suggested EWS is the most basic tool for saving and protecting lives, and called for high-level political support, a boost in technology access, and public and private finance at scale.

    Fireside chat: The state of EWS

    Johan Stander, WMO, drew attention to national ownership, stakeholder engagement, and the involvement of funding partners when investing in EW4All. Sujit Kumar Mohanty, Chief of Branch, UNDRR, emphasized co-design and co-ownership approaches to meaningfully engage stakeholders for successful EW4All.

    Good practices: Stakeholder perspectives on EWS

    Interventions during this panel session included: calls to integrate women and youth in all decisions focused on EWS; investing in women’s leadership, particularly those with disabilities; ensuring young people are equitably involved; reaching those living in remote rural areas and conflict zones; and leveraging the communication power of mobile networks through private-public partnerships.

    UNDRR Disability Leaders gather at the end of the day.

    Perspectives from across regions on EWS

    Panelists in this session focused on: successful collaboration and EWS progress in Zimbabwe after the 2019 Cyclone Idai; institutionalization of the community-based approach to EWS in Barbados; main challenges to integrate scientific tools and remote sensing into EWS in Lebanon; integration of the private sector in EWS decision-making process in Makati, the Philippines; and the role of cross-border cooperation, knowledge sharing, and educating people for effective EWS in Poland.

    Thematic Sessions 

    Four thematic sessions took place during the day. These were:

    MIL OSI United Nations News –

  • MIL-OSI Africa: APO Group Wins Gold and Bronze at the 2025 Davos Communications Awards for Canon Central and North Africa Campaigns

    Source: Africa Press Organisation – English (2) – Report:

    JOHANNESBURG, South Africa, June 3, 2025/APO Group/ —

    APO Group (www.APO-opa.com), the leading Pan-African communications and media relations consultancy, has earned two major accolades at the prestigious 2025 Davos Communications Awards held on 11 April  2025, in Davos, Switzerland: a Gold Award for Canon’s ‘World Unseen’ campaign at GITEX Africa and a Bronze Award for the ‘10 Years of Miraisha’ celebration. The Davos Communications Awards, presented by the World Communications Forum Association (WCFA), recognise exceptional communications firms, experts, and internal teams that have produced excellence and achieved quantifiable impact worldwide.

    Canon’s World Unseen Experience, which won Gold, was a PR event that broke new ground. It launched at GITEX Africa, enabling individuals who have lost their sight or are visually impaired to experience the power of photography, unlike ever before. By providing an opportunity to engage with photography through various sensory inputs, Canon challenged societal perceptions and broke new ground in the field of inclusive technology.   

    The Miraisha campaign, which earned Bronze, marked 10 years of Canon’s youth programme in Africa. It did this through stories, getting people involved and grabbing attention from big media outlets. 

    These awards add to a growing list of international accolades for APO Group in the past year, including: 

    • Africa’s Leading PR Agency 2025 – Brands Review Magazine 
    • Most Innovative Woman of the Year 2025 Bronze Stevie® Awards category – Rania El-Rafie, Vice President, PR & Strategic Communications at APO Group 
    • Five Awards at the 2023 SABRE Awards Africa – including wins for excellence in reputation management, brand building, and social media strategy 

    Founder and Chairman of APO Group Nicolas Pompigne-Mognard added: “From Canon to many other remarkable partners, these accolades reflect the strength of our collaborations and our commitment to promoting positive narratives across the continent. APO Group continues to lead the way in shaping Africa’s communications landscape.” 

    Somesh Adukia, Managing Director of Canon Central and North Africa (CCNA), commented: 

    “At Canon, we are driven by a purpose that goes beyond imaging—it’s about creating stories that inspire, empower, and drive positive change. ‘World Unseen’ is a testament to our commitment to inclusivity, bringing to light perspectives that are often overlooked, while ‘10 Years of Miraisha Programme’ represents a decade of empowering African talent, nurturing creativity, and providing opportunities across the continent”.

    “Our partnership with APO Group has been instrumental in bringing these stories to life. Their deep understanding of the African media landscape, combined with their strategic storytelling approach, has helped amplify our vision and connect with diverse audiences across the region. These award-winning campaigns are not just milestones; they are proof of the impact we can achieve together.

    “We are proud of what we have accomplished with APO Group and look forward to continuing this journey, creating initiatives that leave a lasting impact and drive meaningful change for Canon and the communities we serve”.

    As APO Group continues to elevate African stories to the global stage, these awards strengthen its standing as the top pan-African PR and communications firm, trusted by multinational corporations, organisations, governments, NGOs and the media. 

    MIL OSI Africa –

  • MIL-OSI Asia-Pac: Chris Sun to visit Geneva, Munich

    Source: Hong Kong Information Services

    Secretary for Labour & Welfare Chris Sun will depart for Geneva, Switzerland, tonight to attend the 113th Session of the International Labour Conference, before heading to Munich, Germany, to continue his visit.

    Mr Sun will attend the conference as part of the People’s Republic of China (PRC) delegation. Commissioner for Labour May Chan, as well as Labour Advisory Board employee and employer members will join him.

    While in Geneva, Mr Sun will also hold bilateral meetings with senior officials of the International Labour Organization and leading figures of international organisations attending the conference.

    He will also meet government, employer and employee representatives of the PRC delegation, as well as representatives from the Permanent Mission of the PRC to the United Nations Office at Geneva and other international organisations in Switzerland.

    On June 7, Mr Sun will leave for Munich, Germany, for the second leg of his visit.

    Joined by Hong Kong Talent Engage Director Anthony Lau, the labour chief will meet young entrepreneurs and talent to exchange ideas and introduce the latest developments in manpower policies in Hong Kong.

    Mr Sun will arrive in Hong Kong on June 9. During his absence, Under Secretary for Labour & Welfare Ho Kai-ming will be Acting Secretary.

    MIL OSI Asia Pacific News –

  • MIL-OSI: HashiCorp Expands Unified Lifecycle Management for Hybrid Cloud Operations

    Source: GlobeNewswire (MIL-OSI)

    LONDON, June 03, 2025 (GLOBE NEWSWIRE) — Today at HashiDays London, its first international user conference as an IBM company, HashiCorp unveiled the vision for partnering with IBM to shape the future of hybrid cloud automation. Despite widespread adoption, most enterprises have not reached cloud maturity — out of the 94% using cloud services, only 20% are receiving full ROI. IBM estimates that one billion new AI applications will emerge by 2028, driving greater cloud complexity and forcing enterprises to make critical decisions about their hybrid cloud strategies. Together with IBM’s software automation portfolio, HashiCorp is delivering the automated hybrid cloud platform that unifies infrastructure and security workflows, reduces complexity, and enhances visibility and control.

    At HashiDays London, HashiCorp announced new products and integrations that expand the capabilities of its Infrastructure Cloud across Infrastructure and Security Lifecycle Management (ILM and SLM) to help organizations automate hybrid infrastructure delivery, reduce operational risk, and improve security posture throughout the entire application lifecycle.

    “I’m excited to welcome our global community to HashiDays 2025, where we are sharing our vision for how HashiCorp and IBM will work together to build an automated hybrid cloud platform,” said Armon Dadgar, CTO and Co-Founder, HashiCorp. “With this vision, we’ll deliver a unified control plane that powers hybrid applications, embedding policy, automation, and observability into every layer of the stack, so enterprises can modernize securely, streamline operations, and unlock AI-driven automation at scale.”

    For more than 10 years, HashiCorp has helped thousands of customers across every geography and industry do cloud right. At HashiDays, customers from EMEA and APAC, including Booking.com, BT Group, Helvetia Insurance, HTX, InfoCert, shiftavenue, Trust Bank, SPH Media, and more, are sharing stories of how they manage cloud infrastructure and security with HashiCorp.

    Infrastructure Lifecycle Management

    As customers scale their hybrid strategies with IBM and HashiCorp, Infrastructure Lifecycle Management (ILM) continues to be a foundational priority. From building landing zones to enabling secure Day 2+ automation, organizations are using ILM to drive faster delivery and infrastructure resilience across teams and environments.

    Helvetia Insurance | How Terraform supported an ambitious cloud migration

    Founded in 1858 and headquartered in St. Gallen, Switzerland, Helvetia Insurance Group is a major player in the European insurance market. A few years ago, the cloud enablement team started a complete migration from on-premises datacenters to the public cloud. The ambitious goal: move 200 applications to AWS and Azure within one year. Using HashiCorp Terraform, Helvetia’s cloud enablement team created landing zones — fully configured cloud accounts with connectivity and policies — for its internal product teams. They then collaborated with a partner to build modules for hardened virtual machines and other critical resources allowing them to follow a lift-and-shift approach, expediting the migration without sacrificing security or governance. “Terraform was instrumental in achieving our migration goals. Without it, moving 200 applications in about a year would have been impossible. Our teams now have the tools to work faster and with greater confidence,” said Matthias Mertens, Cloud Solution Architect, Helvetia Insurance.

    HashiCorp’s ILM capabilities help platform and operations teams accelerate delivery, enforce policy, and optimize infrastructure from Day 0 to Day N. Today’s announcements expand support for secure, policy-enforced infrastructure delivery with new features across Terraform, Packer, Nomad, and Waypoint. These updates automate critical workflows that improve team productivity and infrastructure resilience throughout the full lifecycle.

    Build: Define and provision infrastructure in a standardized, scalable way to avoid configuration drift and manual rework.

    • Terraform ephemeral resources (GA): Protect sensitive values from persisting in state files
    • Sentinel policy library for AWS (GA): Enforce secure-by-default configurations with pre-written policies
    • Terraform + Red Hat Ansible Automation Platform: Enable orchestration of complex infrastructure workflows with end-to-end infrastructure as code

    Deploy: Enable repeatable, secure, and policy-aligned delivery of applications and environments.

    • HCP Waypoint actions (GA): Offer Day 2+ lifecycle workflows like rollback and restart, exposed through UI or CLI, to provide an internal developer platform that shields users from the underlying infrastructure complexity

    Manage: Monitor, update, and deprecate infrastructure components securely and efficiently across teams and environments.

    • HCP module revocation: Prevent use of revoked modules in HCP Terraform as part of module lifecycle management
    • HCP Terraform Premium SKU: Unlock advanced governance and private VCS support
    • Dynamic host volumes (Nomad): Enable more flexible, scalable provisioning of persistent storage across Nomad clients, essential for stateful workloads that require resilient storage operations in dynamic environments
    • Terraform provider for IBM Z: Empower organizations to integrate their mainframe platforms into modern workflows and hybrid cloud strategies

    Security Lifecycle Management

    As organizations modernize their infrastructure, their security surface area grows, along with the need to continuously inspect, protect, and govern sensitive data. Security Lifecycle Management (SLM) ensures that identity-based security, secrets management, and access governance are built directly into hybrid workflows, rather than bolted on after deployment.

    IG Group | Strengthened security while accelerating delivery with HCP Vault

    “As a security leader, my job is to reduce risk for my company without slowing down our development teams,” said Andrew Blooman, Platform Security Team Lead, IG Group. “Over the past few years, HashiCorp has helped us achieve these goals as we adopted multiple products for a number of use cases. We started with Community Edition versions of Vault, Nomad, and Consul, used HashiCorp Professional Services to accelerate this deployment, and added HCP Vault this year. We now have 63 teams onboarded to HCP Vault, with a centralized GitOps workflow allowing for version control, change approvals, and an audit log of newly onboarded teams.”

    HashiCorp’s SLM capabilities help security and compliance teams safeguard sensitive data, enforce access policies, and maintain governance from Day 0 through Day N. These updates provide proactive tools for visibility, access control, and cryptographic assurance across hybrid environments, and reflect continued investment in helping teams move faster without compromising control.

    Inspect: Identify and address potential security gaps before infrastructure or applications reach production.

    • HCP Vault Radar (GA): Detect and remediate unmanaged secrets and credential sprawl across environments
    • Consul 1.21 (GA): Simplify external service monitoring architecture for enhanced observability and service registration in complex environments

    Protect: Enforce identity-based access and secure application communication across environments.

    • Boundary transparent sessions (GA): Provide secure access to systems without altering user workflows
    • Vault and Consul integrations for Red Hat OpenShift: Streamline secure access across containerized workloads
    • Bring your own DNS to HCP Vault Dedicated: Improve connectivity and security posture in regulated environments, available now in AWS and coming soon to Azure

    Govern: Automate governance of credentials, policies, and encryption standards across systems and teams.

    • Vault Enterprise 1.19: Includes post-quantum cryptography updates, constrained certificate authorities, and automated root password rotation

    Together with IBM, HashiCorp is delivering the unified lifecycle foundation that modern enterprises need to scale securely and confidently in a hybrid world. Recent announcements, including Terraform Enterprise support for IBM Z and Vault Enterprise support for IBM Z and LinuxONE, bring HashiCorp’s ILM and SLM expertise to the mainframe, further enabling hybrid cloud automation that stretches from on-premises to private and public cloud.

    For more information and detailed coverage of all Infrastructure and Security Lifecycle Management announcements at HashiDays 2025, please visit the HashiCorp blog.

    About HashiDays
    HashiDays is taking place in London on June 3 and Singapore on July 22. During the multi-city event, attendees will hear from community members, partners, and customers about the latest advances in HashiCorp’s cloud infrastructure products. The HashiDays London keynote and morning sessions will be available to watch via live stream. The live stream link will be shared on the HashiDays homepage 30 minutes before the keynote begins at 9:30 a.m. BST.

    About HashiCorp
    HashiCorp, an IBM company, helps organizations automate hybrid cloud environments with Infrastructure and Security Lifecycle Management. HashiCorp offers The Infrastructure Cloud on the HashiCorp Cloud Platform (HCP) for managed cloud services, as well as self-hosted enterprise offerings and community source-available products. For more information, visit hashicorp.com.

    All product and company names are trademarks or registered trademarks of their respective holders.

    Red Hat, the Red Hat logo, OpenShift and Ansible are trademarks or registered trademarks of Red Hat, Inc. or its subsidiaries in the U.S. and other countries.

    Media and analyst contact
    media@hashicorp.com 

    The MIL Network –

  • MIL-OSI Asia-Pac: SLW to visit Switzerland and Germany

    Source: Hong Kong Government special administrative region

    SLW to visit Switzerland and Germany 
         While in Geneva, Mr Sun will also hold bilateral meetings with senior officials of the International Labour Organization and leading figures of international organisations attending the conference. He will also meet with government, employer and employee representatives of the PRC delegation, as well as representatives from the Permanent Mission of the PRC to the United Nations Office at Geneva and other International Organizations in Switzerland.
     
         On June 7, Mr Sun will leave for Munich, Germany, for the second leg of his visit. He will meet with young entrepreneurs and talent to exchange ideas and introduce the latest developments in manpower policies in Hong Kong. The Director of Hong Kong Talent Engage, Mr Anthony Lau, will also join him.

         Mr Sun will arrive in Hong Kong on the evening of June 9. In his absence, the Under Secretary for Labour and Welfare, Mr Ho Kai-ming, will be the Acting Secretary for Labour and Welfare.
    Issued at HKT 15:00

    NNNN

    MIL OSI Asia Pacific News –

  • MIL-OSI: 21Shares Launches 21Shares Hedera ETP (HDRA) on Euronext

    Source: GlobeNewswire (MIL-OSI)

    New ETP offers regulated exposure to one of the most scalable and sustainable distributed ledger technologies

    Zurich, 3 June 2025 – 21Shares AG (“21Shares”), one of the world’s largest issuers of crypto exchange-traded products (ETPs), today announced the launch of the 21Shares Hedera ETP (Ticker: HDRA). The product is now listed on Euronext Amsterdam (USD) and Euronext Paris (EUR), offering investors simple, transparent, and regulated access to Hedera’s enterprise-grade DLT (distributed ledger technology).

    Exchange Product Name Ticker ISIN Fee
    Euronext Paris and Euronext Amsterdam 21Shares Hedera ETP HDRA CH1456607683 2.50%

    The 21Shares Hedera ETP provides 100% physically backed exposure to HBAR, the native token of the Hedera network. It allows investors to gain institutional-grade access, directly through traditional bank or brokerage accounts, to one of the most energy-efficient and scalable distributed ledger technologies available today.

    “With its unique architecture, strong governance model, and real-world adoption, Hedera stands out as one of the most advanced distributed ledger technologies on the market,” said Duncan Moir, President at 21Shares and Board Member at Hedera Hashgraph LLC. “By launching the 21Shares Hedera ETP, we are enabling both institutional and retail investors to participate in the growing Hedera ecosystem through a fully regulated, transparent investment vehicle.”

    Hedera is an open-source distributed ledger designed for real-world innovation and enterprise use. It is governed by a global council of up to 39 renowned institutions, including Google, IBM, LG, Dell, EDF, and Deutsche Telekom, operating under legally binding, transparent terms. This governance model emphasises trust, resilience, and long-term stability – redefining decentralisation for scalable, mainstream adoption.

    “As more institutions seek secure ways to access digital assets, 21Shares continues to lead the way by bridging traditional finance and crypto with clarity and confidence,” said Gregg Bell, Chief Business Officer at Hedera Foundation. “This collaboration gives investors a straightforward way to access HBAR and brings them closer to a network trusted by leading institutions worldwide.”

    Unlike traditional blockchains, Hedera leverages its novel Hashgraph consensus mechanism that delivers industry-leading performance. It supports up to 500,000 transactions per second under testing conditions, offers predictable, fixed fees in USD, and consumes just 0.000003 kWh per transaction – making it 1,000 times more energy-efficient than a typical Visa transaction. 

    For more information, visit www.21Shares.com.

    Notes to editors

    About 21Shares

    21Shares is one of the world’s leading cryptocurrency exchange traded product providers and offers the largest suite of crypto ETPs in the market. The company was founded to make cryptocurrency more accessible to investors, and to bridge the gap between traditional finance and decentralized finance. 21Shares listed the world’s first physically-backed crypto ETP in 2018, building a seven-year track record of creating crypto exchange-traded funds that are listed on some of the biggest, most liquid securities exchanges globally. Backed by a specialized research team, proprietary technology, and deep capital markets expertise, 21Shares delivers innovative, simple and cost-efficient investment solutions.

    21Shares is a member of 21.co, a global leader in decentralized finance. For more information, please visit www.21Shares.com

    Media Contact
    Matteo Valli
    matteo.valli@21shares.com

    About Hedera Foundation

    Hedera Foundation fuels the innovation and development of public-network applications on the Hedera network. By providing grants, technical assistance, and community support, we empower projects that leverage Hedera’s fast, secure, and sustainable ledger to solve real-world problems. Learn more at hedera.foundation.

    DISCLAIMER

    This document is not an offer to sell or a solicitation of an offer to buy or subscribe for securities of 21Shares AG in any jurisdiction. Neither this document nor anything contained herein shall form the basis of, or be relied upon in connection with, any offer or commitment whatsoever or for any other purpose in any jurisdiction. Nothing in this document should be considered investment advice.

    This document and the information contained herein are not for distribution in or into (directly or indirectly) the United States, Canada, Australia or Japan or any other jurisdiction in which the distribution or release would be unlawful.

    This document does not constitute an offer of securities for sale in or into the United States, Canada, Australia or Japan. The securities of 21Shares AG to which these materials relate have not been and will not be registered under the United States Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold in the United States absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. There will not be a public offering of securities in the United States. Neither the US Securities and Exchange Commission nor any securities regulatory authority of any state or other jurisdiction of the United States has approved or disapproved of an investment in the securities or passed on the accuracy or adequacy of the contents of this presentation. Any representation to the contrary is a criminal offence in the United States.

    Within the United Kingdom, this document is only being distributed to and is only directed at: (i) to investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”); or (ii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as “relevant persons”); or (iii) persons who fall within Article 43(2) of the Order, including existing members and creditors of the Company or (iv) any other persons to whom this document can be lawfully distributed in circumstances where section 21(1) of the FSMA does not apply. The securities are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents.

    Exclusively for potential investors in any EEA Member State that has implemented the Prospectus Regulation (EU) 2017/1129 the Issuer’s Base Prospectus (EU) is made available on the Issuer’s website under www.21Shares.com.

    The approval of the Issuer’s Base Prospectus (EU) should not be understood as an endorsement by the SFSA of the securities offered or admitted to trading on a regulated market. Eligible potential investors should read the Issuer’s Base Prospectus (EU) and the relevant Final Terms before making an investment decision in order to understand the potential risks associated with the decision to invest in the securities. You are about to purchase a product that is not simple and may be difficult to understand.

    This document constitutes advertisement within the meaning of the Prospectus Regulation (EU) 2017/1129 and the Swiss Financial Services Act (the “FinSA”) and not a prospectus. The 2024 Base Prospectus of 21Shares AG has been deposited pursuant to article 54(2) FinSA with BX Swiss AG in its function as Swiss prospectus review body within the meaning of article 52 FinSA. The 2024 Base Prospectus and the key information document for any products may be obtained at 21Shares AG’s website (https://21shares.com/ir/prospectus or https://21shares.com/ir/kids).

    ###

    The MIL Network –

  • MIL-OSI Australia: Joining the Dots: Exploring Australia’s Economic Links With the World Economy

    Source: Airservices Australia

    Introduction

    I’d like to begin by acknowledging the Traditional Owners of the land on which we meet today, the Yuggera and Turrbal people of Meanjin and pay my respects to Elders past and present.

    And thank you to the Economic Society of Australia [Queensland Branch] for giving me this opportunity to talk to all of you.

    I’m sure many are familiar with the Lenin quote ‘There are decades where nothing happens; and there are weeks where decades happen’. It certainly feels like the last few months fit into the latter category. The broad-based nature of the proposed US tariffs, retaliation from major partners and other policy shifts all have the potential to structurally alter the world economy. As recently discussed by our Deputy Governor Andrew Hauser, what happens overseas matters for the Australian economy and is therefore a key factor in monetary policy settings.

    In the recently released Statement on Monetary Policy (SMP) we outlined our thinking on how recent developments will influence the Australian economy. To help us understand the implications for Australia, we have developed a framework that captures the key transmission channels and combined this with a set of alternative scenarios that flex key assumptions and judgements. Together they underpin our thinking about how this environment will flow through the global economy and how Australia is exposed. The key transmission channels we have identified are:

    • Trade flows between countries are likely to realign, and over time multinational businesses could start moving production to different countries.
    • Households and businesses in the countries that apply tariffs are likely to change what they consume, as some products become relatively more expensive, and as prices change more generally.
    • Until it’s clearer where policy will settle, businesses and households are likely to become (understandably) more cautious, and potentially delay major decisions such as capital investment.
    • Fiscal and monetary policy can respond, potentially helping to offset adverse impacts.
    • Financial markets will respond by repricing all assets including equities, bonds, commodity prices and exchange rates. These moves impact financial conditions, which further impact firms’ and households’ decisions.

    I will now discuss these channels in more detail, including how they are embodied in the scenarios in the May SMP.

    Tariff policy and global trade flows

    Economic theory and evidence suggest that higher global tariffs will put a drag on the global economy. This is true in both the short and long run, though here I’ll focus on the short run as that is what is most relevant for monetary policy.

    For the country imposing them, tariffs are a tax on imports. In the short term, this makes imported goods more expensive and pushes up domestic prices, to the extent the tariff is not offset by lower profit margins in overseas producers and exchange rate adjustments. Higher import prices will mean less imports and shifts in demand towards locally produced products. But it takes time for domestic businesses to invest and expand, and for some products (such as raw materials) it may not be possible for domestic production to fill the gap. This means prices are likely to remain higher in the near term, which will reduce households’ purchasing power and therefore drag on business incentives to invest.

    Collectively, domestic demand in the tariff-imposing country falls, all else equal. If households expect the tariffs to have a sustained effect on economic growth, and so their future incomes, they may also cut back further on spending today. For the countries that are subject to higher tariffs, they will weigh on export demand and in turn their broader economic conditions. Domestic stimulus may offset some of these effects; in the May SMP our baseline scenario assumes that China will support its economy through expansionary fiscal policy. But for both sets of countries, any net weakening in demand growth will spill over to their trading partners.

    Overall weaker global growth would put near-term downward pressure on the prices of globally traded goods. For countries that are not imposing higher tariffs, such as Australia, this could flow into import prices, making products cheaper and lowering inflation. In the current episode, this ‘trade diversion’ channel could be amplified by the nature of the changes, in particular the US authorities’ focus on China. As a lynchpin of the global manufacturing supply chain, Chinese goods represent a large share of imports for many countries (including Australia). With the US market harder to access, Chinese producers could lower their prices and try to redirect their products to other markets.

    But working in the other direction, the broad-based nature of the increase in tariffs and increased use of non-tariff barriers such as export bans could create a new bout of supply chain disruptions. By increasing the cost of intermediate inputs that cross borders, such as commodities, machinery and equipment and components, tariffs could potentially lift the cost of production globally. This could push up consumer prices in all countries, particularly for more complex products, such as cars, whose components are sourced from a wide range of countries.

    Our current baseline scenario assumes that, overall, the weaker global growth environment will moderately dampen prices for tradable goods, all other things equal. That is, we expect weaker demand to outweigh the inflationary impact of any supply chain disruptions. We will be monitoring global trade flows and inflation data closely in the coming months to assess whether this judgement is correct.

    Uncertainty’s drag on economic activity

    Aside from the effects of changes to global trade that I’ve talked about so far, the unpredictability of where tariffs will settle and changes to other policy settings has the potential to create significant uncertainty, both around the nature of the policies themselves as well as their impact. And there is ample research showing that higher uncertainty can lead to declines in investment, output and employment.

    Typically, higher uncertainty leads firms to delay decisions that are costly to reverse, like investment and hiring. This makes sense intuitively, because there is value in waiting to see how things are playing out before making a decision that is (at least partially) non-reversable – something often referred to as ‘real options’ value. These ideas are borne out in the historical data. Research suggests that the negative impacts of higher policy uncertainty – including trade policy – are largest for businesses, as they typically pull back on investment. Some studies find higher uncertainty also has a measurable impact on household consumption, but this is typically more modest.

    Uncertainty is a bit of a slippery concept and there are lots of different ways of trying to measure it, but the graph below shows two (Graph 1). One – the global economic policy uncertainty index – is based on the number of news articles that talk about policy uncertainty. The other – the VIX – is a measure capturing how uncertain markets are about near-term equity prices. Both show a sharp rise in uncertainty recently, though the VIX index has declined in recent weeks.

    If we see businesses and households respond as they have in the past, then the current level of uncertainty will weigh materially on global activity. But the unpredictability and unprecedented nature of the current situation makes it hard to be precise on the size of the impact. In the SMP we have tackled this by using alternative scenarios that capture smaller and larger responses to uncertainty. The baseline scenario assumes a relatively modest drag, the trade peace scenario no significant drag, and the trade war scenario a substantial pull back in activity. Going forward we will be monitoring carefully which assumption is closest to how things unfold.

    Financial markets’ response

    This brings us neatly to financial markets. Movements in global asset prices after the United States announced its tariffs on April 2 capture how financial market participants initially evaluated their likely impact, and these movements broadly aligned with the channels I’ve already discussed. Equity prices declined sharply – particularly in the United States – at least in part reflecting expectations for the direct impact of the tariffs and the indirect impact via slower economic growth on company earnings. Expectations of lower future growth also meant that expectations for future central bank policy rates declined, which flowed through to bond yields (Graph 2).

    At the same time, increased uncertainty and risk led investors to require larger risk premia to hold risky assets. This was reflected in increased spreads on corporate bonds, and some increases in equity risk premia that put further downward pressure on equity prices (Graph 3). In other words, investors wanted more compensation for holding riskier assets.

    Some of these movements unwound in the following weeks after pauses in implementation of some tariffs. As of 30 May, financial market participants appear to be pricing in some downside risk to global growth, but they are no longer pricing in a material economic downturn. Consistent with this, expectations for central bank rate cuts have also been pared back.

    Still, there remains a risk that further changes to tariffs or other policy settings, or actual economic outcomes prompt financial markets to downgrade the outlook, which leads risky asset prices to fall sharply. If this were to occur, it would lead to a more sustained tightening in financial conditions, which would make it more expensive for businesses in particular to borrow or raise funds for investment. This outcome is embodied in the trade war downside scenario we presented in the May SMP and is a significant amplifier of the initial shock generated by the sharp hike in tariffs.

    Exchange rates

    One financial market that deserves some deeper discussion is the exchange rate. When the outlook for global growth weakens, the Australian dollar typically depreciates (falls in value) as investors expect our economy to be buffeted by the global headwinds and the RBA to respond with cuts to the cash rate. This makes our exports cheaper in foreign currency terms, which offsets some of the effect of weaker global demand.

    An additional driver of the Australian dollar in times of uncertainty is its status as a ‘risk-sensitive’ currency. When global investors are worried, they tend to focus on reducing risk exposure, moving their capital to low-risk assets in countries like the United States, Switzerland and Japan. This means the Australian dollar tends to lose value against these currencies, over and above the depreciation linked to weaker growth and expected cuts in the cash rate. This dynamic partly explains the movements during the global financial crisis (GFC) when the Australian dollar declined very sharply, even though the Australian economy was much less exposed to the global downturn (Graph 4).

    While the initial response of the Australian dollar during the current episode was in line with historical experience, the recent recovery against the US dollar in particular has been more unusual (Graph 5). The exchange rate has been volatile over recent months, but on a trade weighted basis is overall little changed in response to global events. It has appreciated against the US dollar (and therefore also the Chinese renminbi and other currencies pegged to the US dollar) but depreciated against most other major currencies.

    This appears to reflect some offsetting factors. Concerns about the growth outlook and related ‘risk-off’ dynamics contributed to the Australian dollar’s depreciation relative to several other currencies. But at the same time some investors have reduced their exposure to US assets, leading to broad US dollar weakness.

    The weakness in the US dollar during a period of heightened risk is in contrast with many previous episodes, though it’s too early to know whether this dynamic will continue. The return of the trade weighted index to its pre-shock value means that, on average, the price of our exports in foreign currency terms hasn’t changed. But the relative move of capital towards Australian assets compared to the United States reflects an increase in capital inflows, which could support domestic investment activity. We’ll be monitoring how these channels play out over time.

    The economy’s exposure to the current episode

    Trade flows linkages

    As previously outlined, when global conditions deteriorate and uncertainty increases Australia’s exports typically benefit from the currency depreciating, as this improves competitiveness. Although this channel may be less pronounced than in other episodes, Australia’s exporters are relatively well-placed to weather the storm.

    The fundamentals underpinning our exports make it likely that in volume terms at least they’ll be less impacted than other countries. Higher US tariffs on Australian exports are unlikely to have a material direct impact as Australian exports to the United States only account for around 1.5 per cent of Australian GDP, a low share compared with other countries (Graph 6).

    Furthermore, the structure and composition of Australia’s exports will potentially provide an additional buffer to export volumes. Resources make up 75 per cent of Australian good exports, and despite the exposure of China and other resource intensive countries to the tariff shock, we might expect export volumes to remain resilient in the short run.

    This is because Australia’s resource export volumes are less sensitive to movements in global demand than other exports as we are a relatively low-cost producer of bulk commodities like iron ore. You can see this on this chart, where most Australian iron ore miners sit on the lower left end of the production cost curve (Graph 7). Short-run declines in commodity prices tend to lead to reduced volumes from other higher cost producers, while Australian producers feel the impact via lower prices and so earnings.

    So far, the current episode has not seen a sharp correction in Australia’s key commodity prices, underpinned by a relatively positive outlook for China. This view assumes that the Chinese authorities will support their economy through fiscal stimulus and is embodied in our baseline scenario, with the downside trade war scenario encapsulating a correction. If this were to occur the income flows from commodity exports would fall significantly.

    By contrast, trade in services, which comprise around 20 per cent of Australian exports to the world, are more responsive to changes in global demand and the exchange rate. We can see this in the below chart, which shows historically how movements of services export volumes have correlated with changes in the real exchange rate, a measure of competitiveness (Graph 8). In the years following the GFC, the appreciation and depreciation in the exchange rate contributed to a decline and then strong rebound in services export volumes.

    Trade in services tends to react more strongly because some exported services tend to be easier to substitute and more discretionary. Travel services, for example tourism, are a key Australian export that might be affected by recent developments. Weaker global growth is likely to dampen demand, but any exchange rate depreciation will make Australia a more attractive destination. Simultaneously, travel service imports (i.e. outward tourism) may decline if the Australian dollar depreciates; holidaying overseas will become more expensive than taking a trip locally.

    Uncertainty dampener on households and businesses

    While key parts of Australia’s export volumes may be relatively resilient to global demand conditions and uncertainty, domestic demand is unlikely to be completely insulated. As discussed earlier, greater uncertainty about the future can lead households and businesses to save instead of spending and investing, and this is likely to be the case for Australian households and businesses too. And increased borrowing costs and risk premia in global financial markets are likely to spill into domestic markets, further weighing on activity.

    Previous research by RBA economist Angus Moore found exactly this. Higher global uncertainty has a large negative effect on Australian business investment, while the negative effect on consumption is more modest (Graph 9). Though the magnitude of these effects is itself very uncertain, this does suggest that global uncertainty may weigh substantially on domestic activity if uncertainty remains elevated. As with all of the other channels, we explore different assumptions for the size of this channel in the scenarios in the May SMP.

    Putting it all together for policy

    So how will the current unpredictable and uncertain global environment transmit through to the Australian economy? The short answer is we can’t be completely sure. The framework I have outlined identifies what we think are the key transmission channels, and we have used scenarios to simulate different alternatives. Within this range, the baseline forecast is for recent global developments to contribute to slower economic growth in Australia and a slightly weaker labour market. We also anticipate that, overall, the price of tradable goods will be slightly dampened. Together, these two outcomes mean that inflation is forecast to be a little lower than at the February SMP, settling around the midpoint of the 2–3 per cent target range.

    This forecast is based on several judgements, and assumptions about the potency of the transmission channels I have discussed today. These include how tariff policies evolve, how fiscal and monetary authorities around the world respond, whether trade diversion reduces the price of imports or global supply chains become heavily disrupted, and how much uncertainty weighs on economic activity.

    By using the framework and scenarios together we have anchored our thinking and cut through some of the uncertainty about the outlook. These were provided to the Monetary Policy Board to help inform their decision-making; taking all the information into account and considering the risks to the outlook, they decided to cut the cash rate by 25 basis points.

    What will happen from here? Going forward, the RBA will continue to monitor domestic and international outcomes and global policy developments. Benchmarking these against the scenarios in the May SMP will help us identify the scenario that best reflects current conditions and the outlook, enabling the Board to adjust policy settings accordingly.

    MIL OSI News –

  • MIL-OSI Europe: Written question – Forum for Nagorno-Karabakh proposed by the Swiss Parliament – E-002049/2025

    Source: European Parliament

    Question for written answer  E-002049/2025
    to the Commission
    Rule 144
    Nicolas Bay (ECR)

    The Swiss Parliament recently proposed organising a forum for dialogue with representatives of Azerbaijan and Nagorno-Karabakh within the next year to discuss the conditions for the return of Armenian populations displaced from the region. To ensure its effectiveness, the forum will need to be organised in coordination with international organisations[1].

    In this context, the active participation of the European Union in the organisation of this forum would send a strong signal of its support for lasting peace in the region and respect for the rights of displaced populations.

    Will the Commission take full part in the organisation of this forum, alongside the Swiss authorities and other international actors, in order to ensure its success?

    Submitted: 21.5.2025

    • [1] https://www.parlament.ch/en/ratsbetrieb/suche-curia-vista/geschaeft?AffairId=20244259
    Last updated: 2 June 2025

    MIL OSI Europe News –

  • MIL-OSI: Temenos Named Best Core Banking System at Banking Tech Awards USA

    Source: GlobeNewswire (MIL-OSI)

    GRAND-LANCY, Switzerland, June 02, 2025 (GLOBE NEWSWIRE) — Temenos (SIX: TEMN), a global leader in banking technology, today announced it has received the award for Best Core Banking System at the Banking Tech Awards USA 2025. These prestigious industry awards recognize the cutting-edge innovations and outstanding achievements driving the future of banking technology across the United States.

    With its best-of-suite core banking and modular core solutions, Temenos offers US financial institutions choice, flexibility and a proven path to banking modernization – all underpinned with cloud-native architecture, and embedded AI. Trusted by over 950 banks around the world, Temenos’ core banking software can be deployed on-premises, in the cloud, or as SaaS.

    US financial institutions using Temenos also benefit from robust regionalization, pre-configured banking capabilities for the US market, and a Model Bank framework which enables faster, more cost-efficient implementation.

    Rodrigo Silva, President Americas, Temenos, commented: “Winning this major award demonstrates the strength and depth of Temenos’ US banking capabilities, as well as our continued investment in this strategic growth market, which is helping to drive innovation in the US banking industry. With its advanced functionality, US-specific capabilities and flexible deployment options, Temenos is a compelling choice for US financial institutions.”

    Temenos has further strengthened its commitment to innovation for the US market with the announcement of a new Innovation Hub in Central Florida. This modern, collaborative space will be home to around 200 technology and product developers, enabling co-innovation with US financial institutions and fueling cutting-edge research and development for US-specific solutions.

    Investing around 20% of revenues in R&D, Temenos continues to enhance its core banking suite. Recent innovations include the launch of a Gen AI Copilot to help financial institutions design, launch, test and optimize financial products faster. The tool makes it easier for banking employees to access the full breadth of Temenos’ core banking functionality in a simple, conversational way. This builds on Temenos’ existing leadership in AI, with its launch of the first Responsible Generative AI solutions for core banking in 2024.

    Temenos was also named a Leader in the IDC MarketScape for North America Digital Core Banking Platforms 2024 Vendor Assessment and in the The Forrester Wave™: Digital Banking Processing Platforms, Q4 2024.

    The MIL Network –

  • MIL-OSI Europe: Written question – Further sanctions against Nord Stream – P-002107/2025

    Source: European Parliament

    Priority question for written answer  P-002107/2025
    to the Commission
    Rule 144
    Christine Anderson (ESN)

    Following the Commission’s announcement (President von der Leyen’s doorstep statement at the European Political Community Summit) of 16 May 2025, another package of sanctions is under preparation, which will include sanctions against Nord Stream 1 and Nord Stream 2. However, no information has been provided on the extent and precise purpose of these sanctions.

    Yet, depending on their design, the announced measures may lead to immediate existential consequences for both operators of the Nord Stream gas pipelines (Swiss joint stock companies) and thus potentially irreversible changes in future international cooperation in the field of energy supply. The impact of these potentially serious decisions should be taken into account ahead of implementation.

    Is it true that the announced sanctions are currently being prepared and what scope and form will they take?

    Submitted: 26.5.2025

    Last updated: 2 June 2025

    MIL OSI Europe News –

  • MIL-OSI Europe: Experts and policymakers discuss confidence-building measures and norms in cyberspace at OSCE workshop in Mongolia

    Source: Organization for Security and Co-operation in Europe – OSCE

    Headline: Experts and policymakers discuss confidence-building measures and norms in cyberspace at OSCE workshop in Mongolia

    Participants at an OSCE workshop on cyber norms and confidence-building measures held in Ulaanbaatar, 27 May 2025. (OSCE) Photo details

    Cybersecurity experts and policymakers from Eastern and South-Eastern Europe, Central Asia, South Caucasus and Mongolia explored cyber norms and confidence-building measures (CBMs) at a workshop in Ulaanbaatar, Mongolia, organized by the OSCE Transnational Threats Department on 27 and 28 May.
    The 21 workshop participants discussed the use of and nexus between CBMs — a key element of how states build transparency, co-operation and trust in cyberspace — and cyber norms, which set standards for responsible state conduct.
    “The OSCE is the first regional organization to develop and adopt CBMs for cyberspace, providing practical steps and voluntary actions designed to increase transparency, foster communication and build trust. This workshop has been designed with a cross-regional perspective, particularly seeking to highlight good practices from the ASEAN region. I am pleased that we have many expert speakers from ASEAN and the OSCE contributing their valuable insight,” said Alena Kupchyna, OSCE Co-ordinator of Activities to Address Transnational Threats, in her opening remarks.
    Through expert-led discussions, the workshop explored national and regional strategies and challenges, highlighting areas for possible future joint efforts. It also facilitated an inter-regional exchange of good practices with experts from Southeast Asia and provided a platform for closer co-operation.
    “Mongolia attaches great importance to international collaboration, mutual trust, and the exchange of best practices, which are more vital than ever in safeguarding the integrity and resilience of our shared cyberspace. We have been a steadfast supporter and active participant in confidence-building measures led by the United Nations, the OSCE, and the ASEAN Regional Forum, contributing to regional peace, trust, and security,” said P. Altan-Od, State Secretary of the Ministry of Digital Development, Innovation and Communications of Mongolia.
    During an exercise involving a fictitious cyber incident, participants put their theoretical knowledge to the test. They explored how to use international norms and CBMs during an incident and the role of national preparedness and regional co-operation in responding to cyber threats.
    “Cyber confidence-building measures are not just diplomatic niceties — they are essential instruments of peace and security in the digital age. As the cyber domain continues to grow in importance, the need for structured, co-operative approaches to prevent conflict and enhance collective resilience is urgent,” said Marius Stucki, Counsellor, Deputy Head of the Political Section of the Embassy of Switzerland in the People’s Republic of China.
    The workshop was delivered as part of the OSCE extrabudgetary project, “Activities and customized support for the implementation of OSCE cyber/ICT security confidence-building measures”, with financial support from Switzerland.

    MIL OSI Europe News –

  • MIL-OSI Europe: OSCE Enhances Ammunition Safety Skills of Kyrgyz Defence Personnel through Study Visit to Austria

    Source: Organization for Security and Co-operation in Europe – OSCE

    Headline: OSCE Enhances Ammunition Safety Skills of Kyrgyz Defence Personnel through Study Visit to Austria

    Participant involved in the study on mobile lab usage. Vienna, 20 May 2025. (OSCE) Photo details

    From 19 to 23 May 2025, four technical specialists from the Ministry of Defence of the Kyrgyz Republic took part in a study visit to Austria, focused on the use of mobile laboratory equipment for the chemical analysis of ammunition propellants. The visit was organized by the OSCE Programme Office in Bishkek, in co-operation with the Ministry of Defence of the Kyrgyz Republic and with the support of the Austrian Armed Forces.
    During the visit, participants received both theoretical and hands-on training on operating Level 1 chemical laboratories equipped with QPAK (Qualitative Propellant Analysis Kit) systems, widely used by the Austrian Federal Ministry of Defence. They also visited the Division for Explosives, Materials, Petrols, Oils, and Lubricants (POL) Technology within the Defence Technology Agency of the Austrian Armed Forces Logistics School.
    The programme included guided tours of specialized laboratories in explosives, chemicals, materials testing, and POL, where participants learned about testing procedures, safety protocols, and modern analytical tools. Daily practical exercises allowed participants to apply their knowledge and improve their technical competence in chemical testing of ammunition components.
    This initiative builds on the OSCE’s earlier support to the Kyrgyz Ministry of Defence through the donation of QPAK equipment. With the newly acquired skills, Kyrgyz defence specialists are now better equipped to conduct safe and effective chemical testing of ammunition, contributing to improved stockpile management and enhanced national security.
    The study visit is part of the OSCE’s ongoing efforts to support risk reduction and promote safe and secure ammunition storage practices in line with international standards.
    **This initiative is part of an ongoing series of activities within the extra-budgetary project “Improvement of SALW and CA Life-Cycle Management Capacity of the Ministry of Defense of the Kyrgyz Republic,” supported by Austria, France, Germany, Norway, and Switzerland.

    MIL OSI Europe News –

  • MIL-OSI: WISeKey to Present at Maxim Tech Conference “Discover the Innovations Reshaping Tomorrow” on June 3 at 8:30am ET

    Source: GlobeNewswire (MIL-OSI)

    WISeKey to Present at Maxim Tech Conference “Discover the Innovations Reshaping Tomorrow” on June 3 at 8:30am ET

    Geneva, Switzerland, June 2, 2025 –WISeKey International Holding Ltd (“WISeKey”) (SIX: WIHN, NASDAQ: WKEY), a leading global cybersecurity, blockchain, and IoT company, today announces that its management team will be presenting at the Maxim Group 2025 Virtual Tech Conference “Discover the Innovations Reshaping Tomorrow.”

    WISeKey’s fireside chat presentation is scheduled for June 3rd at 8:30 am ET. Investors can access the live presentation via the following link: https://m-vest.com/events/tmt-06032025.

    During the presentation, Carlos Moreira, WISeKey’s Founder and CEO, will provide a progress update on WISeKey’s platform as it advances through the “Year of Convergence,” integrating its subsidiaries’ cybersecurity offerings: (WISeID) digital identification, (SEALSQ) post-quantum technology, (WISeSAT) satellite constellation, and (SEALCOIN) tokenization projects into the Company’s revenue stream.

    About WISeKey

    WISeKey International Holding Ltd (“WISeKey”, SIX: WIHN; Nasdaq: WKEY) is a global leader in cybersecurity, digital identity, and IoT solutions platform. It operates as a Swiss-based holding company through several operational subsidiaries, each dedicated to specific aspects of its technology portfolio. The subsidiaries include (i) SEALSQ Corp (Nasdaq: LAES), which focuses on semiconductors, PKI, and post-quantum technology products, (ii) WISeKey SA which specializes in RoT and PKI solutions for secure authentication and identification in IoT, Blockchain, and AI, (iii) WISeSat AG which focuses on space technology for secure satellite communication, specifically for IoT applications, (iv) WISe.ART Corp which focuses on trusted blockchain NFTs and operates the WISe.ART marketplace for secure NFT transactions, and (v) SEALCOIN AG which focuses on decentralized physical internet with DePIN technology and house the development of the SEALCOIN platform.

    Each subsidiary contributes to WISeKey’s mission of securing the internet while focusing on their respective areas of research and expertise. Their technologies seamlessly integrate into the comprehensive WISeKey platform. WISeKey secures digital identity ecosystems for individuals and objects using Blockchain, AI, and IoT technologies. With over 1.6 billion microchips deployed across various IoT sectors, WISeKey plays a vital role in securing the Internet of Everything. The company’s semiconductors generate valuable Big Data that, when analyzed with AI, enable predictive equipment failure prevention. Trusted by the OISTE/WISeKey cryptographic Root of Trust, WISeKey provides secure authentication and identification for IoT, Blockchain, and AI applications. The WISeKey Root of Trust ensures the integrity of online transactions between objects and people. For more information on WISeKey’s strategic direction and its subsidiary companies, please visit www.wisekey.com.

    Disclaimer
    This communication expressly or implicitly contains certain forward-looking statements concerning WISeKey International Holding Ltd and its business. Such statements involve certain known and unknown risks, uncertainties and other factors, which could cause the actual results, financial condition, performance or achievements of WISeKey International Holding Ltd to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. WISeKey International Holding Ltd is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise.

    This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities, and it does not constitute an offering prospectus within the meaning of the Swiss Financial Services Act (“FinSA”), the FinSa’s predecessor legislation or advertising within the meaning of the FinSA. Investors must rely on their own evaluation of WISeKey and its securities, including the merits and risks involved. Nothing contained herein is, or shall be relied on as, a promise or representation as to the future performance of WISeKey.

    Press and Investor Contacts

    WISeKey International Holding Ltd
    Company Contact: Carlos Moreira
    Chairman & CEO
    Tel: +41 22 594 3000
    info@wisekey.com     		 WISeKey Investor Relations (US) 
    The Equity Group Inc.
    Lena Cati
    Tel: +1 212 836-9611
    lcati@theequitygroup.com

    The MIL Network –

  • MIL-OSI: WISeKey’s WISe.ART 3.0, One of the World’s First and Largest Web3 Marketplaces for Digital Art, Twins, NFTs, and Crypto Collectibles will be Presenting FABEN’s MLove at NFC Lisbon on June 5 on the Alpha Stage at 4:30

    Source: GlobeNewswire (MIL-OSI)

                                                                       

    WISeKey’s WISe.ART 3.0, One of the World’s First and Largest Web3 Marketplaces for Digital Art, Twins, NFTs, and Crypto Collectibles will be Presenting FABEN’s MLove at NFC Lisbon on June 5 on the Alpha Stage at 4:30 pm

    Geneva, Switzerland – June 2, 2025 — WISeKey International Holding Ltd (“WISeKey”) (SIX: WIHN, NASDAQ: WKEY), a leading global cybersecurity, blockchain, and IoT company, is proud to announce that it will present Faben’s holograms for the first time at Lisbon NFC. There will be a live performance by Faben as well as a live discussion with WISe.ART Art Director on stage.

    Since its launch in 2021, WISe.ART, the NFT platform developed by WISeKey, has led numerous high-impact and pioneering NFT projects. Combining trusted digital identity, robust cybersecurity, and environmental consciousness, WISe.ART has redefined how digital art and luxury collectibles are created, verified, and traded.

    WISe.ART has distinguished itself by ensuring secure digital identity and compliance with international standards, making it one of the few platforms trusted for institutional and philanthropic NFT use cases.

    Faben’s holograms are part of an important project including NFTs, NFCs, physical pieces, and an AI community building app to be developed to bring global beauty and peace. MLove will be developed into a game, an interactive companion, and health and educational guidance in an artistic way to spread the message of love to its community.

    Revolutionizing the Future of Art- A world premiere that a hologram and a token are linked to a RWA (Real World Asset)

    About WISe.ART: The WISe.ART platform redefines the digital art experience by providing creators and collectors with a secure, traceable, and intelligent environment for trading and authenticating digital assets. It is democratizing digital expression by empowering billions of people worldwide to create, share, and monetize their artistic visions through a secure and trusted platform. Whether it’s a digitally generated painting, a collectible tied to a physical sculpture, or a new form of cultural expression, WISe.ART enables creators from all backgrounds to participate in the global digital art economy, safely and transparently. For more information, visit www.wise.art.

    About FABEN: Faben the heArtist, (sculpture, painting, murals, installations worldwide),
    Creator of MLOVE & NFTH concept – https://www.instagram.com/faben.art/?hl=en#.

    Faben joined the new enhanced WISe.ART platform in time for NFC Lisbon with a collection of holograms announcing the project. The holograms will be identifiable with WISeKEY chips and linked to their respective NFTs on one of the WISe.ART blockchains. The complete NFT collection will be dropped later in July during ARTMONACO week. Faben is an internationally renowned artist for his Mr Love sculpture spreading goodwill to all generations with inventive art using technology to reach new frontiers in communication.

    About NFC Summit: Is the major annual event where the creative economy meets WEB 3 – Art Fashion, Gaming and Music, live performance stage, blending virtual and reality in unprecedented ways. The world’s major web3 players, investors and media from around the world gather to present and discuss current trends. Live performances, conference on multiple stages, awards and exhibitions will be open to the public for 3 crazy days in an historical venue in the heart of Lisbon.    https://www.nfcsummit.com/.

    About WISeKey

    WISeKey International Holding Ltd (“WISeKey”, SIX: WIHN; Nasdaq: WKEY) is a global leader in cybersecurity, digital identity, and IoT solutions platform. It operates as a Swiss-based holding company through several operational subsidiaries, each dedicated to specific aspects of its technology portfolio. The subsidiaries include (i) SEALSQ Corp (Nasdaq: LAES), which focuses on semiconductors, PKI, and post-quantum technology products, (ii) WISeKey SA which specializes in RoT and PKI solutions for secure authentication and identification in IoT, Blockchain, and AI, (iii) WISeSat AG which focuses on space technology for secure satellite communication, specifically for IoT applications, (iv) WISe.ART Corp which focuses on trusted blockchain NFTs and operates the WISe.ART marketplace for secure NFT transactions, and (v) SEALCOIN AG which focuses on decentralized physical internet with DePIN technology and house the development of the SEALCOIN platform.

    Each subsidiary contributes to WISeKey’s mission of securing the internet while focusing on their respective areas of research and expertise. Their technologies seamlessly integrate into the comprehensive WISeKey platform. WISeKey secures digital identity ecosystems for individuals and objects using Blockchain, AI, and IoT technologies. With over 1.6 billion microchips deployed across various IoT sectors, WISeKey plays a vital role in securing the Internet of Everything. The company’s semiconductors generate valuable Big Data that, when analyzed with AI, enable predictive equipment failure prevention. Trusted by the OISTE/WISeKey cryptographic Root of Trust, WISeKey provides secure authentication and identification for IoT, Blockchain, and AI applications. The WISeKey Root of Trust ensures the integrity of online transactions between objects and people. For more information on WISeKey’s strategic direction and its subsidiary companies, please visit www.wisekey.com.

    Disclaimer
    This communication expressly or implicitly contains certain forward-looking statements concerning WISeKey International Holding Ltd and its business. Such statements involve certain known and unknown risks, uncertainties and other factors, which could cause the actual results, financial condition, performance or achievements of WISeKey International Holding Ltd to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. WISeKey International Holding Ltd is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise.

    This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities, and it does not constitute an offering prospectus within the meaning of the Swiss Financial Services Act (“FinSA”), the FinSa’s predecessor legislation or advertising within the meaning of the FinSA. Investors must rely on their own evaluation of WISeKey and its securities, including the merits and risks involved. Nothing contained herein is, or shall be relied on as, a promise or representation as to the future performance of WISeKey.

    Press and Investor Contacts

    WISeKey International Holding Ltd
    Company Contact: Carlos Moreira
    Chairman & CEO
    Tel: +41 22 594 3000
    info@wisekey.com     		 WISe.ART PTY LTD
    Company Contact: S. Crutchfield
    Art Director
    Tel: +41 22 594 3000
    scrutchfield@wisekey.com    		 WISeKey Investor Relations (US) 
    The Equity Group Inc.
    Lena Cati
    Tel: +1 212 836-9611
    lcati@theequitygroup.com

    The MIL Network –

  • MIL-OSI: Results of the 2025 Annual General Meeting

    Source: GlobeNewswire (MIL-OSI)

    2 June 2025 | SAINT HELIER, Jersey | CoinShares International Limited (“CoinShares” or the “Company“) (Nasdaq Stockholm Market: CS; US OTCQX: CNSRF), a global investment firm specializing in digital assets, is pleased to announce that all of the resolutions proposed at the Annual General Meeting (“AGM”) of the Company, held as of 30 May 2025, were duly passed via poll.

    The Company’s Board of Directors wished to highlight the following:

    Resolution 13 – Resolution regarding authorising the Board of Directors to decide on repurchase and transfer of own shares

    The AGM resolved that the Board of Directors shall decide on purchases of the Company’s own shares in accordance with the following terms.

    1. Share repurchases may be made on Nasdaq Stockholm or any other regulated market.
    2. The authorisation may be exercised on one or more occasions before the 2026 Annual General Meeting.
    3. The Company’s holding of shares at any given time shall not exceed 15% of the total number of shares in the Company.
    4. Repurchases of the Company’s own shares may shall be made at a price of no more than 5% above the average trading price of the shares for  the 5 business days prior to the repurchase date.
    5. Payment for the shares shall be made in cash.

    In addition, the AGM resolved to authorise the Board of Directors to decide on transfer of own shares, with or without deviation from the shareholders’ preferential rights, in accordance with the following, terms.

    1. Transfers may be made on (i) Nasdaq Stockholm or (ii) outside of Nasdaq Stockholm in connection with the acquisition of companies, operations, or assets.
    2. The authorisation may be exercised on one or more occasions before the 2026 Annual General Meeting.
    3. The maximum number of shares that may be transferred corresponds to the number of shares held by the Company at the point in time of the Board of Directors’ decision on transfer.
    4. Transfers of shares on Nasdaq Stockholm (or any other regulated market)  shall be made at a price of no more than 5% above the average trading price of the shares for the 5 business days prior to the transfer date. For transfers outside of Nasdaq Stockholm, the price shall be set so that the transfer is made at market terms, except for delivery of shares in connection with employee stock option programs.
    5. Payment for transferred shares may be made in cash, through in-kind payment, or through set-off against claims with the Company.

    The purpose of the authorisations is to give the Board of Directors greater scope to act and the opportunity to adapt and improve the company’s capital structure and thereby create further shareholder value and take advantage of any attractive acquisition opportunities. The authorisation may also be used in order to enable delivery of shares in connection with employee stock option programs.

    The Board of Directors shall have the right to decide on other terms for repurchases and transfers of own shares in accordance with its authorisation. The Board of Directors also has the right to authorise the Chairman of the Board, the Chief Executive Officer, or the person designated by the Board to make such minor adjustments that may be necessary in connection with the execution of the Board’s decision to repurchase or transfer shares.

    Resolution 14 – Resolution regarding amendments to the Company’s Articles of Association

    The AGM resolved that Company’s Articles of Association be amended by deletion of the existing articles 3.6.2, 17.2.7 and 24.12 and the insertion of new articles 3.6.2, 17.2.7 and 24.12 as follows:
    “3.6.2   the Directors may, by unanimous consent only, during any period of two consecutive calendar years, resolve to allot and issue in one or more tranches such number of ordinary shares (including, for the avoidance of doubt, any shares issued pursuant to, in connection with or upon conversion of any subsequently issued convertible bonds) as does not in the aggregate exceed twenty five percent (25%) of the total number of ordinary shares in issue (excluding any ordinary shares held in treasury) at 9am on 1st January of such year (rounded down to the nearest whole share), without the offer, issue  or allotment of such shares or the issue or conversion of any subsequently issued convertible bonds being subject to the provisions of Article 3.2 provided always that any such allotment, issue, or conversion is effected solely in connection with bona fide transactions for business purposes only (and for the avoidance of doubt the terms of this Article 3.6.2 shall not include the issuance of shares or convertible securities as consideration or compensation  for services rendered by employees, consultants, directors, or any other individuals in a personal capacity) and provided further that any issuance or allotment to any natural person pursuant to this Article 3.6.2 shall be subject to the unanimous approval of the remuneration committee as required by and in accordance with the terms of reference for such remuneration committee and shall not in aggregate in any calendar year exceed five percent (5%) of the total number of ordinary shares in issue at the time of such offer;” 

    “17.2.7 the creation of any charge or other security over any assets or property of a Group Company to secure borrowings, or indebtedness in the nature of borrowings, of that Group Company which, when aggregated with all other such borrowings or indebtedness, would exceed £200,000,000 (OTHER THAN in the ordinary course of its Business, and, DISREGARDING any amounts borrowed from other Group Companies) provided always that, subject to applicable law, nothing in these Articles (including without limitation this provision) shall restrict or prevent or be deemed to restrict or prevent the issuance by the Company of any corporate or convertible bonds or other debt instruments on an unsecured basis.”

    “24.12  Notwithstanding anything to the contrary within these Articles, meetings of the Board shall be held at such locations and in such manner, and resolutions of Directors passed in writing shall be signed, so as to cause the Company to:
      24.12.1    be resident for taxation purposes in Jersey; and
      24.12.2    comply with the Taxation (Companies – Economic Substance) (Jersey) Law 2019.”

    36,267,305 shares and votes were registered for the AGM, representing 54.39% of the issued share capital as at 16 May 2025.

    The number of shares in issue (and total voting rights) as at close of business on 16 May 2025 was 66,678,210 ordinary shares carrying one vote each. Therefore, the total voting rights in the Company as at close of business on 16 May 2025 was 66,678,210.

    The full text of the resolutions passed at the AGM can be found in the Notice of the Annual General Meeting (included within the Annual Report) which is available on the Company’s website at https://investor.coinshares.com/c-governance/general-meetings.

    In response to a shareholder question and as previous advised during the 1Q25 earnings call, the CEO reaffirmed his commitment to the Company’s long-standing objective of enhancing shareholder value by securing a listing on a major U.S. exchange such as Nasdaq or the NYSE.

    Several potential paths to listing were outlined, including a secondary listing and reverse takeover structures. The CEO noted that the reverse takeover market in the U.S. is currently active, offering a range of options—from legacy listed entities seeking a strategic reset to clean shells, with or without available cash.

    CoinShares’ strong earnings and robust margins provide meaningful strategic flexibility. At this stage, the Company remains focused on completing its PCAOB historical audit, which is the primary gating item for any U.S. listing initiative.

    About CoinShares

    CoinShares is a leading global investment company specialising in digital assets, that delivers a broad range of financial services across investment management, trading and securities to a wide array of clients that includes corporations, financial institutions and individuals. Focusing on crypto since 2013, the firm is headquartered in Jersey, with offices in France, Sweden, Switzerland, the UK and the US. CoinShares is regulated in Jersey by the Jersey Financial Services Commission, in France by the Autorité des marchés financiers, and in the US by the Securities and Exchange Commission, National Futures Association and Financial Industry Regulatory Authority. CoinShares is publicly listed on the Nasdaq Stockholm under the ticker CS and the OTCQX under the ticker CNSRF.

    For more information on CoinShares, please visit: https://coinshares.com
    Company | +44 (0)1534 513 100 | enquiries@coinshares.com
    Investor Relations | +44 (0)1534 513 100 | enquiries@coinshares.com

    This information is information that CoinShares International Limited is obliged to make public pursuant to the EU Market Abuse Regulation (596/2014). The information in this press release has been published through the agency of the contact persons set out above, at 08:30 BST on Monday, 2 June 2025.

    The MIL Network –