Category: Trade

MIL-OSI Canada: Edmonton resident charged with drug importation
Source: Government of Canada News (2)

July 31, 2025 Calgary, Alberta Canada Border Services Agency/Royal Canadian Mounted Police

On July 28, 2025, Canada Border Services Agency (CBSA) officers at the Coutts port of entry were conducting a secondary examination of commercial truck seeking entry into Canada from the United States. During the search, CBSA border services officers found a duffle bag containing nearly 67 kg of cocaine, and the driver was subsequently arrested.

The Integrated Border Enforcement Team (IBET) in Alberta, a joint force operation between the RCMP Federal Policing Northwest Region, CBSA and Calgary Police Service, was notified, and a criminal investigation was initiated into the driver and the seized drugs.

Trieu Thanh Ngoc Le (49), a resident of Edmonton, was arrested and charged with:
- Importing a controlled substance contrary to section 6(1) of the Controlled Drugs and Substances Act;
- Possession of a controlled substance for the purpose of trafficking contrary to section 5(2) of the Controlled Drugs and Substances Act; and,
- Smuggling into Canada contrary to section 159 of the Customs Act.
Le is scheduled to appear at the Alberta Court of Justice in Lethbridge on July 31, 2025.

MIL OSI Canada News –
August 5, 2025
MIL-OSI USA: Schakowsky, Markey, Ruiz, Jayapal Introduce Dr. Paul Farmer Memorial Resolution Outlining 21st Century Global Health Strategy
Source: United States House of Representatives – Congresswoman Pramila Jayapal (7th District of Washington)

WASHINGTON — Today, Congresswoman Jan Schakowsky (IL-09), U.S. Senator Edward J. Markey (D-MA), Congressman Dr. Raul Ruiz (CA-25), and Congresswoman Pramila Jayapal (WA-07) introduced the Dr. Paul Farmer Memorial Resolution, to honor Dr. Farmer’s staggering life and legacy and lay out his extraordinary vision for realizing global health equity. This resolution lays out a 21st century global health strategy that proposes spending $125 billion annually on global health aid, reforming aid to focus on building national health systems, and putting an end to the exploitation of impoverished countries to increase their domestic tax base and health spending. This resolution seeks to save over 100 million lives per decade by increasing the flow of money in the global economy.

“Dr. Paul Farmer is responsible for transforming the lives of millions and millions of poor and marginalized people around the world, bringing them health care, dignity, and justice. A true visionary, Paul insisted that all people have a right to excellent health care, and he developed the systems to deliver it in places people had written off. Gleaming world class hospitals and locally trained doctors, nurses, and community workers now exist in places like Haiti and Rwanda. Paul was not only a world-renowned leader in global health, but also a precious friend and a tireless organizer, inspiring thousands of people to actively participate in his work. All of us owe him a debt that can only be paid by carrying on his mission and legacy,” said Congresswoman Jan Schakowsky. “That is why I am introducing the Dr. Paul Farmer Memorial Resolution alongside my colleagues Senator Markey and Representatives Ruiz and Jayapal. This resolution lays out a 21st Century Global Health Strategy that enshrines Paul’s vision to achieve global universal health care and end unnecessary and preventable deaths. We are the richest country in the world at the richest time in the world. As the Trump Administration rips away lifesaving aid from millions of people, it is more important than ever for those of us who care about global health and justice to rededicate ourselves to building and fully funding a robust global health strategy. Paul called on us to understand global health inequity as an injustice—a result of centuries of violence and exploitation inflicted on the global poor. We can make the choice to end global health inequity, and with Paul’s vision guiding us, we will.”

“Dr. Paul Farmer was a health care visionary and revolutionary who understood compassion and care went hand in hand. At a time when global health and well-being are strained, I am proud to introduce this resolution honoring Dr. Farmer and the transformational work he did to deliver health care to people and communities around the world. Health is the first wealth, and we must do everything in our power to ensure that people around the world are healthy, safe, and have access to the resources they need to live and thrive,” said Senator Edward Markey.

“Dr. Paul Farmer was more than a global health leader, he was my mentor, professor, and dear friend,” said Congressman Dr. Raul Ruiz. “From my early years at Harvard Medical School to our work together in Boston, Chiapas, Guatemala, and post-earthquake Haiti, he showed me what it means to fight for underserved communities with unwavering dedication. I am honored to help reintroduce this resolution in his memory, as a testament to his extraordinary impact on humanity.”

“Dr. Paul Farmer changed global health for the better with his work in impoverished countries, treating infectious diseases and providing high quality care to those who needed it most. He also fundamentally altered the way we think about international aid, and his organizing and movement building has led to millions of people worldwide living healthier and longer lives. As a lifelong organizer and someone who worked in global health for years before coming to Congress, I know the importance of this work and know how devastating Trump and Republicans’ cuts to USAID and other international aid programs are. This resolution outlines a vision for a world in which we tackle the injustice of global health inequities and treat health care as a true human right. It also recognizes that to achieve these goals, we need to democratize the global financial system, including cancelling predatory debt that has often crushed low- and middle-income countries. I’m proud to co-lead it with Representatives Schakowsky and Ruiz,” said Congresswoman Pramila Jayapal.

The proposals in the resolution are as follows:
- Increase global health aid to $125 billion per year
  - Close the essential universal health care financing gap for low-income countries
  - Allow the U.S. to meet the U.N. aid target of 0.7% GNI for the first time ever
- Reform global health aid
  - Focus on building national health systems and direct funding to local partners, not the development industry
  - Develop new medical technologies for diseases of poverty and ensure their availability as global public goods
- Make the global economy more fair, just, and democratic
  - Democratizing the IMF, World Bank, and World Trade Organization, so that poor countries have greater say over decisions that affect their economies and their ability to finance health systems
  - Global debt cancelation for all developing countries that need it
  - Ending harmful licit and illicit financial flows from poor countries—ending global tax havens and illegal practices like trade misinvoicing
  - Supporting global labor rights, such as a global minimum wage
“In this moment of crisis, we need Paul’s vision for global health justice more than ever. Thankfully, that vision is captured in this resolution. It provides us with a much-needed roadmap for global cooperation based on solidarity and justice by getting to the root causes of unnecessary suffering and death, or what Paul called ‘structural violence’. This includes greatly improving development assistance for health, but also going well beyond aid to address ongoing extractive colonial arrangements, which preclude local investments in health systems,” said Sheila Davis, CEO of Partners in Health.

As an infectious disease physician, Dr. Farmer earned accolades for treating patients in impoverished countries with high quality care, including those suffering from HIV and cancer. As a medical anthropologist, he was known for popularizing and deepening understandings of “structural violence,” the idea that social systems are designed to impoverish, sicken, and sideline select groups. As chief strategist of Partners in Health, he garnered plaudits for pioneering community-based treatment strategies, building teaching hospitals, and more. Dr. Farmer called on us to understand global health inequity as an injustice—an effect of centuries of violence and exploitation inflicted on the global poor. This resolution embodies that and will serve as a North Star that will guide the movement for global health equity for years to come.

In addition to Reps. Schakowsky, Ruiz, and Jayapal, this resolution is cosponsored in the House of Representatives by Reps. Raja Krishnamoorthi (IL-08), Betty McCollum (MN-04), Jim McGovern (MA-02), Seth Moulton (MA-06), Ayanna Pressley (MA-07), Delia Ramirez (IL-03), Juan Vargas (CA-52).

In addition to Sen. Markey, this resolution is cosponsored in the Senate by Sen. Elizabeth Warren (D-MA).

Issues: Foreign Affairs & National Security, Health Care

MIL OSI USA News –
August 5, 2025
MIL-OSI Economics: Frozen in transit: Russian state actor Secret Blizzard’s AiTM campaign against diplomats
Source: Microsoft

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MIL OSI Economics –
August 5, 2025
MIL-OSI USA: ICYMI: On Bloomberg TV’s Balance of Power, Shaheen Details Her Senate Floor Effort to Block Trump Tariff Taxes from Taking Effect, Highlights Trade War Harms to Families and Businesses
US Senate News:
Source: United States Senator for New Hampshire Jeanne Shaheen

(Washington, DC) – U.S. Senator Jeanne Shaheen (D-NH), Ranking Member of the U.S. Senate Foreign Relations Committee and a top member of the U.S. Senate Small Business Committee, joined Bloomberg TV’s Balance of Power last night to discuss her Senate floor effort to block President Trump’s tariffs from taking effect on August 1 and lead her colleagues in detailing the real harm the Administration’s trade war causes to American families and businesses. Shaheen relayed the concerns she heard from Granite State small businesses during recent visits about the high costs, uncertainty and supply chain challenges posed by the President’s trade war.

Click HERE to watch Senator Shaheen’s full interview.

Key quotes from Senator Shaheen:
- “I went to the floor several months ago with the same unanimous consent request for legislation that I’ve introduced, and the Republican majority objected to that – but I think it’s important to continue to raise the concern. Because every business that I visit in New Hampshire has expressed concern about the tariffs.”
- “The other thing that I’ve heard from literally every business that I’ve visited is that, as much of a problem as the high tariffs are and the increases in cost, it’s the uncertainty that it means for their business. Because they don’t know what the President’s gonna do. […] So, businesses don’t know how to invest, they don’t know how to plan – and that creates real problems for businesses and the people who work there.”
- “We just had a hearing in Foreign Relations today on critical minerals in Africa, and the fact that we’re not producing those critical minerals in the United States that we need for the auto industry, for our appliances and virtually everything we do. So we need to do that, but these tariffs aren’t going to help us with those critical minerals. We need to make some of those investments, and we need to have a strategy to do that.”
Following the interview, Shaheen took to the Senate floor to call for unanimous consent to pass her Protecting Americans from Tax Hikes on Imported Goods Act and highlight the devastating impacts the trade war has on families, small businesses, American manufacturing and key trade partnerships across the world. If Senate Republicans had not blocked the move, Shaheen’s legislation would have clarified that the President does not have the authority to invoke the International Emergency Economic Powers Act (IEEPA) to level sweeping tariffs.

Click HERE to watch Shaheen’s remarks in full.

Senator Shaheen is helping lead efforts in Congress to mitigate the harmful impacts of President Trump’s tariffs. Last week, Shaheen helped introduce bipartisan legislation, Creating Access to Necessary American-Canadian Duty Adjustments (CANADA) Act, that would exempt United States-owned small businesses from the sweeping tariffs imposed on Canadian products. Last month, Shaheen led 30 Senators in filing an amicus brief in a key case, Oregon v. Department of Homeland Security, challenging the Trump Administration’s abuse of emergency powers to impose tariffs. In January, Shaheen introduced the Protecting Americans from Tax Hikes on Imported Goods Act.

In recent months, Shaheen has traveled across the Granite State to discuss the impact of tariffs on New Hampshire’s tourism industry and to visit businesses impacted by President Trump’s trade war including Brueckner Group USA, Colby Footwear, Chatila’s Bakery, C&J, DCI Furniture, Mount Cabot Maple, American Calan Inc. and NH Ball Bearings.
MIL OSI USA News –
August 5, 2025
MIL-OSI USA: Bill to Fund Key Health, Workforce, and Education Programs in Maine Clears Appropriations Committee
US Senate News:
Source: United States Senator for Maine Susan Collins

Washington, D.C. – U.S. Senator Susan Collins, Chair of the Appropriations Committee, announced that she secured significant funding and provisions for Maine in the Fiscal Year 2026 Labor, Health and Human Services, Education, and Related Agencies Appropriations Act. The bill, which was officially approved by the Senate Appropriations Committee today, now awaits consideration by the full Senate and House.

The measure, which was advanced by a vote of 26-3, provides $197 in discretionary funding.

“To address Maine’s shortage of health care professionals, we must invest in workforce development programs, provide support for students in lower-income communities seeking higher education, and increase access to affordable child care,” said Senator Collins. “This bill would provide support in each of these areas, as well as make targeted investments into life-saving research on Alzheimer’s, cancer, diabetes, and tick-borne diseases. As the Chair of the Appropriations Committee, I will continue to advocate for this funding as the appropriations process moves forward.”

Bill Highlights:

Local Projects: $112.4 million for Congressionally Directed Spending projects in Maine.

Department of Health and Human Services (HHS):

National Institutes of Health (NIH): $48.7 billion for NIH, an increase of $400 million, including:
- $100 million increase for Alzheimer’s disease and related dementias research.
- $150 million increase for the National Cancer Institute, including $28 million for the Childhood Cancer STAR Act.
- $50 million increase for women’s health research.
- $25 million increase for ALS research.
- $19 million increase for rare disease research.
- $10 million increase for diabetes research.
- $6 million increase for mental health research.
Alzheimer’s: In addition to NIH funding, the bill provides $41.5 million for CDC Alzheimer’s disease activities, as well as:
- Language urging the Centers for Medicare and Medicaid Services (CMS) to reconsider Medicare’s National Coverage Determination policy for FDA-approved Alzheimer’s disease therapies.
- $31.5 million for the Administration for Community Living’s (ACL) Alzheimer’s Disease Program, including $2 million for the National Alzheimer’s Call Center, which provides 24/7/365 telephone support, crisis counseling, care consultation, and referral services for persons with Alzheimer’s disease, their family members, and informal caregivers.
NIH Indirect Costs: Maintains language prohibiting changes to indirect cost rates. In February, Senator Collins announced her opposition to the proposed 15 percent cap on indirect costs, which are usually negotiated between NIH and the grant recipient. In April, Senator Collins chaired the first full Committee hearing with a focus on the importance of biomedical research. At Senator Collins’ invitation, Dr. Hermann Haller, President of the Mount Desert Island Biological Laboratory, provided testimony on how the proposed NIH cap would affect biomedical research occurring in Maine and at institutions across the country. At a June hearing to review the FY 2026 budget request for NIH, Senator Collins questioned NIH Director Jayanta Bhattacharya on the proposed cap on indirect costs.

Duchenne Muscular Dystrophy: $9 million for CDC Muscular Dystrophy activities.

Lyme and Tick-Borne Disease: $27 million for CDC Lyme activities and $64.6 million for vector-borne diseases to support continued implementation of Senator Collins’ Kay Hagan Tick Act. The bill also includes $110 million for NIH Lyme and tick-borne disease research.

Substance Use Disorders: $1.6 billion for the State Opioid Response Grants; $1.9 billion for the Substance Use Prevention, Treatment, and Recovery Services Block Grant; and $145 million for the Rural Communities Opioid Response program to support efforts to combat the opioid epidemic and other substance use disorders. In 2024, there were an estimated 80,391 drug overdose deaths.

Health Workforce Programs: $303.5 million for Title VIII Nursing Workforce programs and $48.2 million for the Health Resources and Services Administration (HRSA) Geriatric workforce education programs, which include the Geriatrics Workforce Enhancement Program and Geriatric Academic Career Awards.

Building Communities of Recovery: $17 million for Building Communities of Recovery grants through the Substance Abuse and Mental Health Services Administration (SAMHSA).

SIREN Rural EMS: $13.5 million for SAMHSA’s Rural Emergency Medical Services Training and equipment program.

Lifespan Respite Care: $11 million for ACL’s Lifespan Respite Care Program.

Low Income Home Energy Assistance (LIHEAP): $4 billion for LIHEAP, an increase of $20 million. At a hearing earlier this year on the FY 2026 budget request for HHS, Senator Collins questioned Secretary Robert F. Kennedy, Jr. on the proposed elimination of LIHEAP. At the urging of Senator Collins, HHS released more than $400 million in FY 2025 funding for LIHEAP in May. Maine has received $41.6 million in FY 2025 LIHEAP funding.

CDC Dog Importation Rule: Includes report language on CDC’s flawed dog importation rule and calls for CDC to maintain the current pause on implementation of the rule and to restart the rule process. Following an effort led by Senator Collins last year, the CDC announced that it will be making critical revisions to its dog importation rule and delay implementation of a problematic provision.

Early Education: $8.8 billion for the Child Care and Development Block Grant and nearly $12.4 billion for Head Start.

Department of Labor (DOL):

Job Corps: $1.8 billion for Job Corps. Senator Collins has strongly opposed the Administration’s proposed elimination of Job Corps. At a hearing to review the Fiscal Year 2026 budget request for the DOL in May, Senator Collins spoke about Adais Viruet-Torres, a graduate of Loring Job Corps Center and Husson University who overcame homelessness and now works as a nurse practitioner. In April, Senator Collins sent a letter to Secretary Lori Chavez-DeRemer urging DOL to lift the halt on enrollment at Loring Job Corps Center and Penobscot Job Corps Center. Senators Collins and Jack Reed (D-RI) sent a letter Secretary Chavez-DeRemer requesting DOL to provide information on Job Corps contracts, background check processing, and evaluation plan.

Apprenticeships: $285 million for the Apprenticeship Grant Program.

H-2B Visas: Continued inclusion of bill language to ensure the efficacy of the H-2B program. The bill also includes $60.5 million for Foreign Labor Certification program administration, in part to help with H-2B processing, as well as report language directing the Department of Labor (DOL) to take steps to ensure prompt processing of H-2B visa applications.

DOL Workforce Opportunity for Rural Communities Initiative: $6.5 million for workers in areas served by the Northern Border Regional Commission.

Department of Education:

TRIO: $1.2 billion to support low-income individuals and first-generation college students. At a hearing earlier this year on the FY 2026 budget request for the U.S. Department of Education, Senator Collins questioned Secretary of Education Linda McMahon on the proposed elimination of TRIO programs.

Title I Grants to LEAs: $18.5 billion for Title I Grants to LEAs. Maine is expected to receive approximately $61.7 million in FY 2025 funds through this program.

IDEA Grants to States: $15.2 billion for IDEA Grants to States. Maine is expected to receive approximately $70.8 million in FY 2025 funds through this program.

Perkins Career and Technical Education (CTE) State Grants: $1.4 billion for CTE State Grants. Maine is expected to receive approximately $7 million in FY 2025 funds through this program.

Pell Maximum Award: Maintains the maximum Pell award for a total of $7,395 for the 2026-2027 school year. Maine students are expected to receive approximately $126.6 million in Pell Grants through FY 2025 funds.

Rural Education Achievement Program (REAP): $225 million to support rural school districts.

Special Olympics Unified Champion Schools: $36 million for Special Olympics programs.
MIL OSI USA News –
August 5, 2025
MIL-OSI USA: Senator Baldwin Releases Statement on Bipartisan Bill to Fund Labor, Health, and Education Departments for Fiscal Year 2026
US Senate News:
Source: United States Senator for Wisconsin Tammy Baldwin

WASHINGTON, D.C. – Today, U.S. Senator Tammy Baldwin (D-WI), Ranking Member of the Senate Appropriations Subcommittee on Labor, Health, and Human Services, released the following statement after the full committee advanced her Fiscal Year 2026 funding legislation to the Senate floor. In addition to funding critical programs that the Trump Administration has tried to cut or withhold funding from – including Head Start, the National Institutes of Health, and Job Corps – the bipartisan bill takes further steps to mandate the timely delivery of Congressionally approved funding and adequate staffing levels at federal agencies to carry out the mission of these programs.

“At the end of the day, my North Star is delivering for the people of Wisconsin. While no one got everything they wanted in this bill, I’m proud to say we found common ground and are doing just that to address the challenges facing working families across the country. From investing in cancer and Alzheimer’s research, to protecting the Department of Education and early education funding, to strengthening my 988 Suicide Lifeline, we came together to deliver for our constituents,” said Senator Baldwin. “This bill not only puts Donald Trump’s budget in the trash, it also reins in this President’s efforts to dismantle and withhold funding for critical programs our constituents rely on. This bill takes on the kitchen table issues families face by addressing childcare costs, connecting more Americans with good-paying jobs, and taking on the mental health and opioid epidemics. While it is not perfect, I look forward to getting it over the finish line on behalf of Wisconsinites who want to see a Washington that works for them.”

As Ranking Member of the Subcommittee on Labor, Health, and Human Services, Senator Baldwin writes the bill that funds the Departments of Labor, Health and Human Services, and Education. A summary of the bill is available below.

Key Points & Highlights – Department of Health and Human Services

Department of Health and Human Services (HHS): The bill provides $116.6 billion, an increase of $446 million in discretionary funding for the Department of Health and Human Services over fiscal year 2025.

The bill rejects the Trump administration’s harmful efforts to defund and dismantle critical work that HHS oversees—maintaining important funding for programs across HHS that touch the lives of nearly every American, while providing targeted increases to important bipartisan priorities. The bill includes new requirements to help ensure adequate staffing and the timely awarding of funding to prevent completely unnecessary delays and disruptions in programs that families and communities across the country count on—from child care and Head Start to substance use and mental health—and that support lifesaving research into cures and treatments for devastating diseases.

Biomedical Research: The bill provides $48.7 billion in discretionary funding for the National Institutes of Health (NIH)—an increase of $400 million to propel lifesaving and life-changing cures and treatments across NIH’s 27 institutes and centers and the Advanced Research Projects Agency for Health (ARPA-H).

The bill rejects the catastrophic 40% cut to NIH proposed by President Trump, and instead of slashing funding for biomedical research, includes a:
- $150 million increase for cancer research;
- $100 million increase for Alzheimer’s disease research;
- $30 million increase for the National Institute of Allergy and Infectious Diseases;
- $30 million increase for the Office of Research on Women’s Health;
- $25 million increase for ALS research, fully funding the $100 million as authorized by the ACT for ALS Act of 2021;
- $20 million increase for the IMPROVE Initiative for research on maternal mortality;
- $12 million increase for BRAIN Initiative research;
- $10 million increase for diabetes research;
- $10 million increase for rare disease research;
- $9 million increase for the Undiagnosed Diseases Network; and a
- $5 million to implement the National Parkinson’s Project.
The bill also rejects the Trump administration’s proposal—and illegal efforts—to cap indirect cost rates at 15%, which would devastate biomedical research, and continues a longstanding provision that prohibits NIH from implementing such a cap. The bill also rejects the Trump administration’s misguided elimination of programs across NIH by maintaining funding for HIV vaccine research, training programs that support the next generation of researchers, and the Safe to Sleep campaign, among others.

The bill also includes, as part of a manager’s amendment, a new provision that would prevent implementation of the Office of Management and Budget’s misguided policy for NIH to fund significantly more of its multi-year research grants in one lump sum. This poorly thought-out new policy would significantly cut the number of research grants NIH awards this year and next year—according to NIH’s own estimate, by 40% in fiscal year 2025, reducing the percentage of cancer research grants it will award from 13% to 7%, and Alzheimer’s disease grants from 18% to 6%. OMB’s attempt this week to explicitly and illegally withhold billions in funding and halt all remaining NIH research grants through the rest of the year makes its intentions crystal clear. More needs to be done to protect NIH research programs, but the provision included in this bill is an important step in preventing the Trump administration from decimating the biomedical research enterprise Congress has built in a bipartisan manner over decades, which has long been the envy of the world and drives medical innovation that has saved millions of lives.

The bill also includes a new authority for NIH to address loopholes in sexual harassment reporting and strengthen accountability by requiring institutions to complete investigations into concerns about harassment, bullying, retaliation, or hostile working conditions, even if the alleged perpetrator leaves their current position and is no longer employed by the institution. It provides the NIH Director the authority to decline the transfer of an award to a different institution, helping to close the “pass-the-harasser” loophole. It also provides the NIH Director the authority to share investigation reports on an as-needed basis with any institution that receives NIH funding.

Child Care and Early Learning Programs: The bill includes $8.8 billion for the Child Care and Development Block Grant (CCDBG)—an $85 million increase over fiscal year 2025; and $12.4 billion for Head Start, an $85 million increase. Much more needs to be done to address our broken child care system and ensure every working family can find and afford child care, which is critical for businesses and our economy too—but sustained annual increases in these programs are critical in the meantime. The bill also sustains funding for Preschool Development Grants, which President Trump proposed eliminating in his budget request.

Addressing Substance Use Disorders and Mental Health: The bill sustains funding to address the rising toll of opioid overdoses fueled by fentanyl, maintain access to substance use disorder prevention and treatment, and improve access to mental health services.

The bill rejects President Trump’s proposed cuts to SAMHSA programs and maintains SAMHSA as its own, independent agency to ensure substance use and mental health remain a priority at HHS. The bill includes targeted increases to SAMHSA programs, including $2.0 billion, a $20 million increase over fiscal year 2025, for the Substance Use Prevention, Treatment, and Recovery Services Block Grant; $1.6 billion for State Opioid Response grants, a $20 million increase; and $145 million for the Rural Communities Opioid Response Program.

It protects key investments in mental health programs by sustaining funding for the Mental Health Block Grant, Project AWARE, Mental Health Awareness Training, and the National Childhood Traumatic Stress Network. The bill also provides $535 million, a $15 million increase over fiscal year 2025, for the 988 Suicide Prevention Lifeline, to address continued increases in demand as 988 has been stood up over the last several years, and it restores dedicated funding for the LGBTQ+ youth specialized services line that President Trump eliminated this summer.

Additionally, it includes approximately $180 million in investments within the Department of Education to address the shortage of school-based mental health professionals and services in our nation’s K-12 schools.

Essential Health Care Programs: The bill protects investments in health care access and affordability and the health care workforce—maintaining investments in core programs, including $1.86 billion for Community Health Centers and $128.6 million for the National Health Service Corps. The United States Preventive Services Task Force (USPSTF) is fully funded, and the bill affirms support for the mission and scientific integrity of the task force. The bill also includes a $9.3 million increase in rural health programs to boost recruitment of health care providers to practice in rural areas and support rural hospitals.

Importantly, the bill provides a $5 million increase in funding for the Organ Procurement and Transplantation Network (OPTN) Modernization Initiative to strengthen and reform the nation’s organ donation and transplant system. There are more than 100,000 individuals on the organ transplant waitlist, and this initiative, which began during the Biden administration, will allow the OPTN to better serve patients and families and strengthen accountability.

Public Health: The bill rejects the approximately $4 billion—or 50%—cut to CDC programs proposed by President Trump’s budget request. CDC helps keep Americans safe and healthy by protecting against diseases and supporting states and local communities as they do the same. It also rejects the Trump administration’s haphazard proposal to dismantle CDC, which risks Americans’ health and safety, and requires HHS to support staffing levels to carry out the CDC’s programs.

The bill also helps support state and local health departments by sustaining critical programs across the CDC, including funding for chronic diseases, the Office of Smoking and Health, injury prevention programs (including firearm injury and mortality research), global health programs, and immunization and infectious disease prevention programs.

HIV/AIDS: The bill includes $613 million for the Ending the HIV Epidemic Initiative, which provides high-need jurisdictions with prevention and treatment services for people at high risk for HIV transmission. This includes $220 million within the CDC’s Domestic HIV/AIDS Prevention and Research programs to develop and deploy innovative data management solutions, increase access to PrEP, and better detect and respond to HIV clusters, and $128.9 million for the CDC’s global HIV/AIDS program. The bill also provides full funding for the Ryan White HIV/AIDS program, including dental services and training for health care practitioners, two initiatives that President Trump sought to eliminate in his budget proposal.

Women’s Health: The bill sustains funding for reproductive health programs, including Title X and the Teen Pregnancy Prevention Program, which President Trump eliminated in his budget proposal. The bill also increases investments in maternal health across CDC and NIH with a $53 million increase for programs that aim to address maternal mental health, prevent pregnancy-related deaths, support best practices to improve maternal health outcomes, and invest in women’s health research. The bill also provides funding for a new initiative to support survivors of sexual assault and creates a new menopause initiative within AHRQ to translate research best practices into clinical practice for women. Importantly, the bill includes increases in funding for the Maternal Mental Health Hotline and maternal health safety initiatives through the Alliance for Innovation on Maternal Health program.

Pandemic Preparedness and Biodefense: The bill includes $3.6 billion for the Administration for Strategic Preparedness and Response (ASPR). It sustains funding for the Biomedical Advanced Research and Development Authority (BARDA); Project Bioshield; the Strategic National Stockpile (SNS); and Industrial Base Management and Supply Chain (IBMSC) activities to help ensure that critical resources in the public health supply chain—including raw materials, medical countermeasures, and ancillary supplies—are manufactured in the United States. It also includes $4 million to support a new program to improve emergency medical services and trauma care during a public health emergency.

Administration for Community Living: The bill maintains funding for the Administration for Community Living as its own agency within HHS to help support seniors and Americans with disabilities so they can live and participate fully in their communities. This includes providing $1.1 billion for senior nutrition programs and providing targeted increases for family caregiver programs.

Home Heating and Cooling Assistance: The bill includes $4.045 billion for the Low Income Home Energy Assistance Program (LIHEAP), a $20 million increase over fiscal year 2025, to help low-income households heat and cool their homes.

Key Points & Highlights – Department of Education

Department of Education: The bill provides $79.0 billion in discretionary funding for the Department of Education.

The bill rejects the Trump administration’s call to eliminate the Department of Education and maintains funding across the Department, including funding for K-12 formula and competitive grant programs, CTE and adult education programs, federal student aid, postsecondary competitive grants, and civil rights enforcement to provide the resources needed to help schools improve educational outcomes for students and protect all students from discrimination.

The bill includes new requirements that the Department of Education maintain the staff necessary to ensure it carries out its statutory responsibilities, including carrying out programs and activities funded in this bill in a timely manner. The bill also includes new requirements for the Department of Education to make formula grants available to states and districts on time. While this should be unnecessary, this step prevents any administration from withholding key funding for students and creating chaos for states and schools, which distracts educators from helping kids thrive.

Supporting Elementary and Secondary Education Students: The bill strengthens investments in foundational formula grant programs for elementary and secondary education and in public schools, teachers, and students—rejecting the $4.5 billion cut and the proposed consolidations in President Trump’s budget request for a new $2 billion block grant program.

The bill boosts funding for Title I-A grants by $50 million above the fiscal year 2025 level to $18.457 billion. More than 80% of the nation’s school districts receive these funds, and nearly 25 million students go to schools receiving Title I funding. The bill also provides $15.224 billion, an increase of $50 million over fiscal year 2025, for all three IDEA Special Education State grant programs and retains each as a separate program. IDEA state grant programs support more than seven million students and children with disabilities and their families who receive IDEA services through these programs. The bill also includes new guardrails to prevent the administration from moving these formula grant programs to other federal agencies and disrupting the efficient and effective use of federal funds intended to improve outcomes for students.

The bill also continues current investments, except for a few targeted reductions, across a range of other important formula and competitive grant programs authorized to improve teaching and learning in elementary and secondary schools, rejecting President Trump’s proposed elimination of $1.5 billion in total funding for nine important programs.

Career and Technical Education (CTE): The bill provides $1.45 billion for CTE grants and $729 million for adult education grants and appropriates such funding to the Department of Education to carry out these programs, rejecting President Trump’s call to eliminate federal support for adult education. The bill includes new provisions requiring both CTE and adult education formula grants to be awarded in a timely way to prevent any administration from withholding these critical funds.

Higher Education: The bill provides a total maximum Pell Grant award of $7,395 for the 2026-2027 award year, rejecting President Trump’s proposal to cut the Pell grant by over $1000. This coming school year, Pell Grants are expected to help over 7 million students at all stages of life pursue postsecondary education and further their careers. The bill also rejects President Trump’s proposals to eliminate a range of postsecondary education programs.

Instead, the bill sustains funding for Federal Work Study and the Federal Supplemental Educational Opportunity Grant that provide additional need-based aid to students to help them afford postsecondary education. The bill also includes $65 million for the Teacher Quality Partnership program and $15 million for the Hawkins Centers of Excellence to help educator preparation programs address educator shortages. It also continues other investments available to recruit, develop, and retain an effective and diverse teacher and school leader workforce, including $90 million for the Supporting Effective Educator Development program.

The bill sustains funding for TRIO at $1.191 billion; $388 million for GEAR UP; $75 million for the Child Care Access Means Parents in School Program (CCAMPIS); a $10 million for the Basic Needs Program; and $40 million for the Postsecondary Student Success Grant Program to help students prepare for and succeed in post-secondary education. The bill also sustains funding for Title III and V programs that support HBCUs, MSIs, Tribal colleges, and other institutions. President Trump had proposed to eliminate CCAMPIS, TRIO, GEAR UP, International Education, the Basic Needs Program, and the Postsecondary Student Success Grant, among other programs in his budget request.

The bill also sustains funding for the administration of student aid programs. This funding supports a wide range of activities, including: implementing the FAFSA; disbursing student aid; ensuring services are available to student loan borrowers; implementing more affordable repayment plans; and fixing longstanding issues in student loan forgiveness programs. Finally, the bill includes important requirements to help Congress conduct oversight over the new higher education provisions contained in the One Big Beautiful Bill Act.

Protecting Students from Discrimination: The bill rejects President Trump’s proposed cut of $49 million, or one-third of the total budget, for the Office for Civil Rights. Instead, the bill maintains the current budget level of $140 million and requires the Department to support the staffing levels necessary for OCR to fulfill its statutory responsibilities.

Advancing Education Research, Statistics, and Assessments: The bill maintains current funding of $793 million for the Institute of Education Sciences for all programs and activities of IES funded in fiscal year 2024, rejecting the massive reduction of $532 million or 67% proposed in President Trump’s budget request. The Trump administration’s significant workforce reductions and program delays at IES this year have caused it to fail to meet statutory requirements. The bill requires the Department to support staffing levels necessary for IES and the National Center for Education Statistics to fulfill their statutory responsibilities.

Key Points & Highlights – Department of Labor

Department of Labor (DOL): The bill includes $13.7 billion in discretionary funding for the Department of Labor. The bill rejects the harmful cuts proposed by the Trump administration, including the administration’s proposal to block grant our nation’s workforce training programs.

Workforce Development: The bill includes $2.9 billion for Workforce Innovation and Opportunity Act (WIOA) formula grants, protecting essential investments made in recent years. It includes a new directive requiring DOL to award such funds in a timely manner. It provides $285 million for Registered Apprenticeships and $105 million for YouthBuild. The bill also rejects President Trump’s call to eliminate Job Corps and instead provides $1.76 billion for Job Corps. Rejecting President Trump’s proposed cuts for many of these programs and continuing funding for these key workforce development programs will help grow the economy, provide workers with the skills they need to secure good-paying jobs of the future, and help American businesses compete globally.

Worker Protection: The bill rejects drastic reductions proposed in President Trump’s request and sustains key investments in DOL’s worker protection agencies charged with enforcing requirements for employers to pay workers what they earn and provide safe and healthy workplaces. The bill maintains $191 million in funding for the Employee Benefits Security Administration, which is responsible for, among other things, ensuring private sector employment-based group health plans comply with mental health and substance use disorder parity requirements. The bill also maintains $260 million for Wage and Hour Division to support the Division’s work to recover wages workers are owed and to combat exploitative child labor. Last year, the Division secured more than $273 million in back wages collected and damages for nearly 152,000 workers nationwide.

The bill also provides $111 million, $41 million more than President Trump’s budget request, for the Bureau of International Labor Affairs to enforce labor provisions of free trade agreements and trade preference programs and combat international child labor and forced labor. Finally, the bill rejects the proposed elimination of the Office of Federal Contract Compliance Programs and Women’s Bureau, providing $106 million and $23 million, respectively.

Key Points & Highlights – Related Agencies

Social Security Administration (SSA): The bill includes $15.0 billion for SSA’s administrative expenses—an increase of $594 million over fiscal year 2025. This is $100 million more than President Trump’s budget request to help address staffing challenges and improve service to the public. The Trump administration has single-handedly created completely unnecessary chaos at SSA that has weakened Americans’ ability to get the benefits they are owed—and it has continually misled the public with easily disproven claims about widespread fraud. Instead of admitting to its lie, SSA has doubled down and pursued poorly planned and implemented policy changes. The American public and the beneficiaries SSA serves have paid the price, with unacceptable wait times to access the benefits and services Americans deserve, and that they have literally earned through a lifetime of work. Instead of chasing conspiracy theories, the administration should focus on actually improving services and addressing service delivery challenges impacting Americans across the country. The resources in this bill will help SSA do just that.

AmeriCorps: The bill rejects President Trump’s elimination of AmeriCorps and sustains funding for all of AmeriCorps’ grant programs by providing a total of $1.25 billion to the Corporation for National and Community Service (CNCS) to administer these programs. This bill also includes new provisions requiring any administration to award AmeriCorps state formula funding in a timely way and includes new requirements to ensure CNCS will award competitive grants in a timely fashion, too. The bill will support AmeriCorps members serving in communities across the country and working to address pressing challenges, including responding to natural disasters, assisting in schools, supporting our veterans, promoting economic opportunity, and conserving and protecting the environment.

Corporation for Public Broadcasting (CPB): As a result of Congressional Republicans’ approval of the Rescissions Act of 2025—the first ever partisan rescissions bill signed into law—no funds are provided in the bill for the Corporation for Public Broadcasting and the more than 1,500 locally owned public TV and radio stations nationwide that have, for over 50 years, been supported by CPB funds and infrastructure investments. Republicans’ devastating rescissions bill will particularly hurt 120 stations that rely on CPB for more than 25% of their revenue, who are now scrambling to find new sources of support or significantly reduce programming or close in the coming months.

Institute of Museum and Library Services (IMLS): The bill continues to invest $295 million in the nation’s libraries and museums through programs of the Institute of Museum and Library Services and requires IMLS to fund specified programs and activities at amounts identified in the Committee report.
MIL OSI USA News –
August 5, 2025
MIL-OSI USA: Senator Marshall: Keep the Wins Coming

US Senate News:

Source: United States Senator for Kansas Roger Marshall

Senator Marshall Joins Newsmax to Discuss Trump Trade Deals and the MAHA Movement
Washington – On Thursday, U.S. Senator Roger Marshall, M.D. (R-Kansas), joined Newsmax to discuss President Trump’s trade deal winning streak, where the Canada trade deal stands following their recent stance on Gaza, and American companies joining the MAHA movement.

Click HERE or on the image above to watch Senator Marshall’s full interview.
On Trump trade deals:
“Great to be with you. Are you tired of winning yet? Another big deal in South Korea. We had a $60 billion trade deficit with them last year, so this is going to help close that gap. With 15% tariff coming in on South Korean products. Guess what this tariff is for U.S. products going in there? Well, it’s zero. But more importantly, what they’re going to remove is their non-tariff barriers and allow us to sell more energy in there. Beyond that, as you all mentioned, is that they’re going to invest in America $350 billion. I think part of this will be used on a ship fund. Right now, very few ships are made in America. I have a feeling President Trump is rallying some finances to start building ships in America again.
On how Canada’s stance on the Israel and Gaza conflict affects a potential trade deal:
“Look, I think Americans are tired of the killing in Gaza, that Israel needs to end this war one way or another. We need to stop this famine. I would just ask, and Canada is making this really complicated. They’re hamstringing President Trump. And I would ask our friends in Canada, what type of statehood are they talking about? If you look at Palestinians’ past, they’ve been a failed government. They paid no attention to water, to sewers, to schools, to the economics of their country. I’ve been over there, and it’s a disaster right now. Instead, they focused on chaos, on terrorism, so I don’t think that’s a viable solution right now. Again, I think President Trump, if anyone can solve this, I think it’s going to be President Trump. And what Canada is doing there is not very helpful for the cause.”
On American companies joining the MAHA movement:
“Yeah, I think they’re more interested in marketing than they are on making America healthy. And my favorite thing to do is to go into a Starbucks and order an iced latte with almond juice in it. I won’t buy Starbucks, it’s too expensive. But for my wife; she deserves it. When I ask them for the almond juice, they say, well, we don’t have any, and I’ll say, ‘look behind the counter,’ there it is. Oh, the almond [milk]. No, it’s almond juice. Look, I think there’s nothing healthier out there than whole milk, as far as strong nutrients as well. I’m not sure what they’re up to here. I appreciate them hopping on the bandwagon. I’m absolutely committed to making America healthy.”

MIL OSI USA News –

August 5, 2025
MIL-OSI United Kingdom: British steelmakers regain access to EU market
Source: United Kingdom – Executive Government & Departments

Press release

British steelmakers regain access to EU market

British steelmakers regain access to EU market
UK steel producers to regain tariff-free access to the EU market for key steel products from today [1 August].

Cuts costs and gives UK steel producers more certainty when exporting to the EU — one of our largest trading partners.

Delivers on a UK-EU Summit commitment and reinforces the Government’s Plan for Change to rebuild Britain’s industrial strength.

British steelmakers stand to make millions extra a year as the EU gets rid of its steel tariffs today [Friday 1 August] – a direct win from the Prime Minister’s EU deal signed back in May.

This means UK steelmakers will be able to export more steel used for large building projects – like support beams – to the EU tariff-free, supporting the UK’s wider economic growth ambitions and helping deliver on the Plan for Change.

This follows the decision to take control of British Steel following years of mismanagement – a decision which saved thousands of jobs and secured Britain’s place as a steelmaker. This builds on the significant support that this pro-steel Government has already delivered — from our £500 million investment in Tata’s green steel transition and our deal with the US to reduce tariffs on UK steel.

The UK steel sector supports around 40,000 jobs across 1,145 firms, with a further 61,000 jobs in related industries that supply materials and services to steel producers. These changes will enable UK steelmakers to once again export goods worth several millions of pounds annually to the EU, strengthening vital revenue streams for UK businesses.

Secretary of State for Business and Trade, Jonathan Reynolds said:

This is yet another positive step forward for the UK steel sector and a clear example of our Plan for Change in action — removing barriers, supporting jobs, and backing British industry.

Restoring our steel quota helps give producers the certainty they need to compete, grow, and maintain vital export relationships.

This builds on the significant support that this pro-steel Government has already delivered — from our £500 million investment in Tata’s green steel transition, to action to safeguard jobs at British Steel in Scunthorpe, and our deal with the US to reduce tariffs on UK steel.

The restored quota will re-establish historic trade flows between the UK and the EU, easing the administrative and financial burdens that have affected steel exporters. It will also provide much-needed certainty for UK steel operating in an increasingly volatile global market. Crucially, this change will help safeguard skilled jobs across the country and preserve long-standing supply chains with EU customers.

The country-specific quota allows the UK to export a certain amount of steel to the EU without paying an extra tariff, helping maintain fair trade and avoid sudden surges in imports. We can now export up to 27,000 tonnes of steel to the EU each quarter — that’s roughly a football stadium’s worth of steel every year.

This follows complex negotiations and demonstrates the UK Government’s ability to secure practical wins for domestic industry. It builds on a series of recent measures delivered under the Plan for Change, including a £500 million investment in greener steelmaking at Port Talbot, targeted action to reduce electricity costs and strengthen procurement rules. These steps have been complemented by enhanced trade defences designed to protect jobs and support long-term competitiveness in the sector.

EU Relations Minister Nick Thomas-Symonds said:

We have worked constructively with the EU to deliver in our national interest and achieved a bespoke agreement to help secure jobs in steel across Britain.

Today’s news that the EU is slashing tariffs on British Steel shows our approach is working and is another win for UK PLC.

Gareth Stace UK Steel said:

The restoration of the country specific quota is excellent news for UK steel companies which have been plagued by problems shipping category 17 products into the European Union.

The quota will restore historic trade flows and is good news for both UK steelmakers and their EU customers.

British Steel Chief Commercial Officer (interim) Lisa Coulson said:

The removal of EU tariffs on British-made steel is a significant boost to our business.

The EU is an important market to us, particularly for the products our highly skilled colleagues manufacture in Scunthorpe, Teesside, and Skinningrove.

We are delighted we will be able to provide the high-quality products our loyal and supportive EU customers require tariff-free and thank the UK Government for delivering this agreement.

We now look to the future with even greater optimism as we focus on building stronger futures for our customers.

This announcement reinforces the Government’s commitment to fair, open, and stable trade in key sectors — with steel being a clear example of strengthened UK-EU cooperation delivering results for British industry.

Notes to editors:

The European Commission’s decision restores the UK’s Country Specific Quota (CSQ) for Category 17 steel products from 1 August 2025.

The UK steel industry employs thousands of people in key manufacturing regions and supports critical supply chains in construction, automotive, and defence.

The UK Government will publish a comprehensive Steel Strategy later this year to support long-term competitiveness and sustainability in the sector.

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Published 1 August 2025
MIL OSI United Kingdom –
August 5, 2025

MIL-OSI USA News: Further Modifying the Reciprocal Tariff Rates

Source: US Whitehouse

class=”has-text-align-left”>By the authority vested in me as President by the Constitution and the laws of the United States of America, including the International Emergency Economic Powers Act (50 U.S.C. 1701 et seq.) (IEEPA), the National Emergencies Act (50 U.S.C. 1601 et seq.), section 604 of the Trade Act of 1974, as amended (19 U.S.C. 2483), and section 301 of title 3, United States Code, I hereby determine and order:

Section 1. Background. In Executive Order 14257 of April 2, 2025 (Regulating Imports With a Reciprocal Tariff To Rectify Trade Practices That Contribute to Large and Persistent Annual United States Goods Trade Deficits), I found that conditions reflected in large and persistent annual U.S. goods trade deficits constitute an unusual and extraordinary threat to the national security and economy of the United States that has its source in whole or substantial part outside the United States. I declared a national emergency with respect to that threat, and to deal with that threat, I imposed additional ad valorem duties that I deemed necessary and appropriate.

I have received additional information and recommendations from various senior officials on, among other things, the continued lack of reciprocity in our bilateral trade relationships and the impact of foreign trading partners’ disparate tariff rates and non-tariff barriers on U.S. exports, the domestic manufacturing base, critical supply chains, and the defense industrial base. I also have received additional information and recommendations on foreign relations, economic, and national security matters, including the status of trade negotiations, efforts to retaliate against the United States for its actions to address the emergency declared in Executive Order 14257, and efforts to align with the United States on economic and national security matters.

For example, some trading partners have agreed to, or are on the verge of agreeing to, meaningful trade and security commitments with the United States, thus signaling their sincere intentions to permanently remedy the trade barriers that have contributed to the national emergency declared in Executive Order 14257, and to align with the United States on economic and national security matters. Other trading partners, despite having engaged in negotiations, have offered terms that, in my judgment, do not sufficiently address imbalances in our trading relationship or have failed to align sufficiently with the United States on economic and national-security matters. There are also some trading partners that have failed to engage in negotiations with the United States or to take adequate steps to align sufficiently with the United States on economic and national security matters.

After considering the information and recommendations that I have recently received, among other things, I have determined that it is necessary and appropriate to deal with the national emergency declared in Executive Order 14257 by imposing additional ad valorem duties on goods of certain trading partners at the rates set forth in Annex I to this order, subject to all applicable exceptions set forth in Executive Order 14257, as amended, in lieu of the additional ad valorem duties previously imposed on goods of such trading partners in Executive Order 14257, as amended.

Sec. 2. Tariff Modifications. (a) The Harmonized Tariff Schedule of the United States (HTSUS) shall be modified as provided in Annex II to this order. These modifications shall be effective with respect to goods entered for consumption, or withdrawn from warehouse for consumption, on or after 12:01 a.m. eastern daylight time 7 days after the date of this order, except that goods loaded onto a vessel at the port of loading and in transit on the final mode of transit before 12:01 a.m. eastern daylight time 7 days after the date of this order, and entered for consumption, or withdrawn from warehouse for consumption, before 12:01 a.m. eastern daylight time on October 5, 2025, shall not be subject to such additional duty and shall instead remain subject to the additional ad valorem duties previously imposed in Executive Order 14257, as amended.

(b) Certain foreign trading partners identified in Annex I to this order have agreed to, or are on the verge of concluding, meaningful trade and security agreements with the United States. Goods of those trading partners will remain subject to the additional ad valorem duties provided in Annex I to this order until such time as those agreements are concluded, and I issue subsequent orders memorializing the terms of those agreements.

(c) As provided in Annex I to this order, the additional ad valorem rate of duty applicable to any good of the European Union is determined by the good’s current ad valorem (or ad valorem equivalent) rate of duty under column 1 (General) of the HTSUS (“Column 1 Duty Rate”). For a good of the European Union with a Column 1 Duty Rate that is less than 15 percent, the sum of its Column 1 Duty Rate and the additional ad valorem rate of duty pursuant to this order shall be 15 percent. For a good of the European Union with a Column 1 Duty Rate that is at least 15 percent, the additional ad valorem rate of duty pursuant to this order shall be zero.

(d) Goods of any foreign trading partner that is not listed in Annex I to this order will be subject to an additional ad valorem rate of duty of 10 percent pursuant to the terms of Executive Order 14257, as amended, unless otherwise expressly provided. This rate shall be effective with respect to goods entered for consumption, or withdrawn from warehouse for consumption, on or after 12:01 a.m. eastern daylight time 7 days after the date of this order.

(e) The HTSUS shall also be modified by continuing to suspend headings 9903.01.43 through 9903.01.62 and 9903.01.64 through 9903.01.76, and subdivisions (v)(xiii)(1)–(9) and (11)‑(57) of U.S. note 2 to subchapter III of chapter 99 of the HTSUS, until the effective date of the modifications provided in Annex II to this order. Upon the effective date of the modifications provided in Annex II to this order, to facilitate implementation of the rates of duty provided in Annex I to this order, headings 9903.01.43 through 9903.01.62 and 9903.01.64 through 9903.01.76, which are organized by rate of duty, and subdivisions (v)(xiii) (1)-(9) and (11)-(57) of U.S. note 2 to subchapter III of chapter 99 of the HTSUS shall be terminated as to future entries and replaced by the new trading partner-specific headings provided in Annex II to this order.

(f) Excluding the changes set forth in subsections (a) through (d) of this section, the terms of Executive Order 14257, as amended, shall continue to apply.

(g) Nothing in this order shall be construed to alter or otherwise affect Executive Order 14298 of May 12, 2025 (Modifying Reciprocal Tariff Rates To Reflect Discussions With the People’s Republic of China).

(h) The Secretary of Commerce and the United States Trade Representative, in consultation with the Secretary of Homeland Security, acting through the Commissioner of U.S. Customs and Border Protection (CBP), and the Chair of the United States International Trade Commission, shall determine whether any additional modifications to the HTSUS are necessary to effectuate this order and may make such modifications through notice in the Federal Register.

Sec. 3. Transshipment. (a) An article determined by CBP to have been transshipped to evade applicable duties under section 2 of this order shall be subject to (i) an additional ad valorem rate of duty of 40 percent, in lieu of the additional ad valorem rate of duty applicable under section 2 of this order to goods of the country of origin, (ii) any other applicable or appropriate fine or penalty, including those assessed under 19 U.S.C. 1592, and (iii) any other United States duties, fees, taxes, exactions, or charges applicable to goods of the country of origin. CBP shall not allow, consistent with applicable law, for mitigation or remission of the penalties assessed on imports found to be transshipped to evade applicable duties.

(b) The Secretary of Commerce and the Secretary of Homeland Security, acting through the Commissioner of CBP, in consultation with the United States Trade Representative, shall publish every 6 months a list of countries and specific facilities used in circumvention schemes, to inform public procurement, national security reviews, and commercial due diligence.

Sec. 4. Implementation. The Secretary of Commerce, the Secretary of Homeland Security, and the United States Trade Representative, as applicable, in consultation with the Secretary of State, the Secretary of the Treasury, the Assistant to the President for Economic Policy, the Assistant to the President and Senior Counselor for Trade and Manufacturing, the Assistant to the President for National Security Affairs, and the Chair of the International Trade Commission, are directed and authorized to take all necessary actions to implement and effectuate this order, consistent with applicable law, including through temporary suspension or amendment of regulations or notices in the Federal Register and by adopting rules, regulations, or guidance, and to employ all powers granted to the President by IEEPA, as may be necessary to implement this order. Each executive department and agency shall take all appropriate measures within its authority to implement this order.

Sec. 5. Monitoring and Recommendations. (a) The Secretary of Commerce and the United States Trade Representative shall monitor the circumstances involving the emergency declared in Executive Order 14257 and shall regularly consult on such circumstances with any senior official they deem appropriate. The Secretary of Commerce and the United States Trade Representative shall inform me of any circumstance that, in their opinion, might indicate the need for further action by the President. The Secretary of Commerce and the United States Trade Representative shall also inform me of any circumstance that, in their opinion, might indicate that a foreign trading partner has taken adequate steps to address the emergency declared in Executive Order 14257.

(b) The Secretary of Commerce and the United States Trade Representative, in consultation with any senior official they deem appropriate, shall recommend to me any necessary additional action if this action is not effective in resolving the emergency declared in Executive Order 14257.

(c) The Secretary of Commerce and the United States Trade Representative, in coordination with the appropriate senior officials, shall recommend additional action, if necessary, should a foreign trading partner fail to take adequate steps to address the emergency declared in Executive Order 14257 or should a foreign trading partner retaliate against the United States in response to the actions taken to address the emergency declared in Executive Order 14257 or any subsequent order issued to address that emergency.

Sec. 6. Severability. If any provision of this order, or the application of any provision of this order to any individual or circumstance, is held to be invalid, the remainder of this order and the application of its provisions to any other individuals or circumstances shall not be affected.

Sec. 7. General Provisions. (a) Nothing in this order shall be construed to impair or otherwise affect:

(i) the authority granted by law to an executive department or agency, or the head thereof; or

(ii) the functions of the Director of the Office of Management and Budget relating to budgetary, administrative, or legislative proposals.

(b) This order shall be implemented consistent with applicable law and subject to the availability of appropriations.

(c) This order is not intended to, and does not, create any right or benefit, substantive or procedural, enforceable at law or in equity by any party against the United States, its departments, agencies, or entities, its officers, employees, or agents, or any other person.

(d) The costs for publication of this order shall be borne by the Office of the United States Trade Representative.

DONALD J. TRUMP

THE WHITE HOUSE,

July 31, 2025.

ANNEX I

Countries and Territories	Reciprocal Tariff, Adjusted
Afghanistan	15%
Algeria	30%
Angola	15%
Bangladesh	20%
Bolivia	15%
Bosnia and Herzegovina	30%
Botswana	15%
Brazil	10%
Brunei	25%
Cambodia	19%
Cameroon	15%
Chad	15%
Costa Rica	15%
Côte d`Ivoire	15%
Democratic Republic of the Congo	15%
Ecuador	15%
Equatorial Guinea	15%
European Union: Goods with Column 1 Duty Rate[1] > 15%	0%
European Union: Goods with Column 1 Duty Rate < 15%	15% minus Column 1 Duty Rate
Falkland Islands	10%
Fiji	15%
Ghana	15%
Guyana	15%
Iceland	15%
India	25%
Indonesia	19%
Iraq	35%
Israel	15%
Japan	15%
Jordan	15%
Kazakhstan	25%
Laos	40%
Lesotho	15%
Libya	30%
Liechtenstein	15%
Madagascar	15%
Malawi	15%
Malaysia	19%
Mauritius	15%
Moldova	25%
Mozambique	15%

Myanmar (Burma)	40%
Namibia	15%
Nauru	15%
New Zealand	15%
Nicaragua	18%
Nigeria	15%
North Macedonia	15%
Norway	15%
Pakistan	19%
Papua New Guinea	15%
Philippines	19%
Serbia	35%
South Africa	30%
South Korea	15%
Sri Lanka	20%
Switzerland	39%
Syria	41%
Taiwan	20%
Thailand	19%
Trinidad and Tobago	15%
Tunisia	25%
Turkey	15%
Uganda	15%
United Kingdom	10%
Vanuatu	15%
Venezuela	15%
Vietnam	20%
Zambia	15%
Zimbabwe	15%

[1] For purposes of this Executive Order and its Annexes, “Column 1 Duty Rate” means the ad valorem (or ad valorem equivalent) rate of duty under column 1-General of the Harmonized Tariff Schedule of the United States (HTSUS).

ANNEX II

Effective with respect to goods entered for consumption, or withdrawn from warehouse for consumption, on or after 12:01 a.m. eastern daylight time 7 days after the date of the executive order, excluding the day the executive order is signed, subchapter III of chapter 99 of the Harmonized Tariff Schedule of the United States (HTSUS) is modified as follows:
- Heading 9903.01.25 of the HTSUS shall be amended by deleting the article description and by inserting “Articles the product of any country, except for products described in headings 9903.01.26–9903.01.33, 9903.02.02–9903.02.71, and 9903.96.01, and except as provided for in headings 9903.01.34 and 9903.02.01, as provided for in subdivision (v) of U.S. note 2 to this subchapter . . . . . . .” in lieu thereof; and
- Headings 9903.01.43–9903.01.62 and 9903.01.64–9903.01.76 and corresponding subdivisions (v)(xiii)(1)–(9) and (11)–(57) of U.S. note 2 to subchapter III of chapter 99 of the HTSUS are hereby terminated as to any future entries.
- Subdivision (v) of U.S. note 2 to subchapter III of chapter 99 of the HTSUS shall be amended by:
  - Deleting “and 9903.01.43–9903.01.76” each place that it appears and inserting “9903.01.63, and 9903.02.01–9903.02.71” in lieu thereof;
  - Inserting the following new subdivision in numerical sequence at the end of subdivision (v) of U.S. note 2:

“As provided in headings 9903.02.19 and 9903.02.20, for any good of the European Union subject to a specific or compound rate of duty under column 1-General, the ad valorem equivalent rate of duty of such good shall be determined by dividing the amount of duty payable under column 1-General by the customs value of the good. For example, if a good were subject to a specific duty of 50 cents per kilogram, and one kilogram of the good were entered with a customs value of $10, then the ad valorem equivalent rate of duty would be obtained by dividing 50 cents by $10, yielding 5 percent.”

The following new headings shall be inserted in numerical sequence, with the material in the new heading inserted in the columns of the HTSUS labeled “Heading/Subheading”, “Article Description”, “Rates of Duty 1-General”, “Rates of Duty 1-Special”, and “Rates of Duty 2”, respectively:

Click here to view Annex II

MIL OSI USA News –

August 5, 2025

MIL-OSI Submissions: Global Bodies – Ending plastic pollution: Why trade matters

Source: United Nations – UNCTAD

31 July 2025 – From supporting responsible production and consumption to promoting circularity and sustainable alternatives, trade must be part of the solution to plastic pollution, not part of the problem.

In Uttar Pradesh, India, a recycling plant processes plastic waste to be used for making polyester fibre.

The latest Global Trade Update shows that plastic production reached 436 million metric tons worldwide in 2023, with the traded value surpassing $1.1 trillion and accounting for 5% of total merchandise trade.

Despite driving global growth across industries, plastics exact a heavy toll on environmental and planetary health.

Alarmingly, 75% of plastics ever produced have become waste and mostly ended up in the world’s oceans and ecosystems.

Such pollution also threatens food systems and human well-being, especially in small island and coastal developing countries with limited capacity to cope. More: https://unctad.org/news/ending-plastic-pollution-why-trade-matters

MIL OSI – Submitted News –

August 5, 2025
MIL-OSI Submissions: Economics – US tariffs prompt GlobalData to revise India economic growth forecast down to 6.5% in July 2025

Source: GlobalData

Following the news that the US will impose 25% tariffs on all Indian imports starting from 1 August 2025.

Ramnivas Mundada, Director of Economic Research and Companies at GlobalData, a leading data and analytics company, offers his view:

“These significant tariffs, coupled with penalties linked to India’s dealings with Russian energy and military supplies, pose serious challenges for key export sectors, including electronics, pharmaceuticals, automobiles, and textiles. Compounding these issues, six Indian companies have recently been sanctioned by the US Department of State for engaging in petroleum trade with Iran. Against this backdrop, GlobalData has revised its 2025 economic growth forecast for India from 6.6% in March 2025 to 6.5% in July 2025.

“The Indian stock market initially reacted sharply to the trade tariff announcement, with the Nifty50 falling below 24,700—down 189 points—and the BSE Sensex dropping 600 points in early trading on July 31, 2025. The MSCI India Index also recorded its weakest monthly performance since February, reflecting heightened investor concerns around trade tensions and export sector exposure. However, market sentiment has since steadied, suggesting that investors have largely absorbed the initial shock and are now recalibrating expectations considering the evolving trade landscape.

“The rupee also weakened significantly in response to the tariff announcement, experiencing its largest one-day decline since May 2025 and falling past the 87 level against the US dollar on 30 July 2025.

“According to ITC Trade Map data, exports of electrical machinery and equipment, gems and jewelry, pharmaceuticals, machinery and mechanical appliances, and mineral fuels collectively represented over 51% of India’s exports to the US in 2024. Additionally, the possibility of manufacturing operations relocating to other Asian countries with lower tariffs poses a significant threat to India’s standing as a manufacturing hub.

“In conclusion, the ongoing stalemate in trade negotiations between the US and India underscores the complexities of their relationship. With the US justifying tariffs due to India’s high trade barriers and procurement of Russian goods, both nations face significant challenges ahead. As a US delegation prepares to visit India on 25 August 2025, for the sixth round of talks, achieving a mutually beneficial agreement is crucial for fostering stronger ties and ensuring the resilience of the Indian economy in an evolving global landscape.”

About GlobalData

4,000 of the world’s largest companies, including over 70% of FTSE 100 and 60% of Fortune 100 companies, make more timely and better business decisions thanks to GlobalData’s unique data, expert analysis and innovative solutions, all in one platform. GlobalData’s mission is to help our clients decode the future to be more successful and innovative across a range of industries, including the healthcare, consumer, retail, financial, technology and professional services sectors.

MIL OSI – Submitted News –

August 5, 2025

MIL-OSI Russia: Financial News: On the Establishment of Risk Parameters in the Stock Market and Deposit Market

Translation. Region: Russian Federal

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

From 01.08.2025, by decision of NPO NCC (JSC), the following risk parameters are established on the stock market and deposit market:

No.	Trade code	Security	Minimum Restrictive Level of Market Risk Rates, %			Concentration limit, pcs.		Short selling ban	Inclusion in the list of securities accepted as security for the fulfillment of obligations under Partially Collateralized Securities Transactions
No.	Trade code	Security	1st level, S1_min	2nd level, S2_min	3rd level, S3_min	Level 1	Level 2	Short selling ban
1	RU000A10C8A4	Joint Stock Company “Polyplast”	50%	60%	70%	100,000	500,000	No	No
2	RU000A10C8C0	Open Joint Stock Company “Russian Railways”	15%	18%	21%	800,000	4,000,000	No	Yes

Admission to trading with partial security is carried out in accordance with criteria for bonds.

Contact information for media 7 (495) 363-3232Pr@moex.kom

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

MIL OSI Russia News –

August 5, 2025

MIL-OSI New Zealand: Export – ABB named ExportNZ ASB Exporter of the Year 2025 at ExportNZ ASB Hawke’s Bay Export Awards – Business Central
Source: Business Central

ABB has been named as Exporter of the Year at the 2025 ExportNZ ASB Hawke’s Bay Export Awards

The supreme winner was crowned in Hawke’s Bay at the Toitoi Hawke’s Bay Arts and Event Centre at a sold-out gala dinner.

MC Matt Chisholm opened the event – followed by a virtual address from Trade and Investment Minister Hon Todd McClay, in front of a sold-out crowd.

The longstanding and highly successful awards are presented by ExportNZ in partnership with ASB to reward and recognise the region’s outstanding exporters.

ASB Head of International Trade Mike Atkins, who presented the Exporter of the Year award, said the quality of entries this year underscored the spirit and purpose of the awards.

“We uncovered a rock star in ABB while both Starboard Bio and Ovenden Seeds have potential to make a meaningful difference in the world.

“At ASB, we are passionate about enabling exporters to scale up, be it through working capital funding or other advisory initiatives across clean tech, food & fibre, productivity, and sustainability.

“Our partnership with ExportNZ in celebrating these awards continues our commitment to the region’s exporters.”

ASB Exporter of the Year ABB Napier is a largely autonomous company specialising in power systems design in production, says the judges.

“Originally VecTek in Onekawa, they have retained their engineering skills, and through a strong focus on innovation and quality produced a unique world leading UPS product. All these products are designed, built and tested to exceptional quality right here in Hawke’s Bay.

“All the winners and finalists are truly exceptional, and we as judges felt spoilt for choice – congratulations to all involved”

Winners and nominees alike across all categories were celebrated by judges and the audience.

ExportNZ Hawke’s Bay Regional Manager Amanda Liddle said “It is outstanding to see another cohort of such amazing finalists and winners.

“Going global is a tough business – more so than ever, but tonight’s exporters show the best of what our region has to offer.

“Congratulations to ASB Exporter of the Year ABB, who also picked up the Ziwi Excellence in Innovation award, your products and clarity of vision were awe inspiring and the win is well deserved.

“All of us at ExportNZ would also like to give our special congratulations to Stephen Jacobi, this year’s NZME Service to Export Award winner. Stephen’s tireless advocacy has unlocked many opportunities for New Zealand exporters and businesses the world over, and his tenure on the ExportNZ Advisory Board has been invaluable to the organisation.”

Winners of each category will now go on to the final stage of the New Zealand Trade & Enterprise (NZTE) International Business Awards, held in Auckland on November 27 th for a night of national celebration and international recognition.

The full list of winners:

2025  ASB Exporter of the Year: ABB – ABB Napier designs and manufactures innovative solutions to make AI-driven data centres more affordable and energy efficient, addressing AI’s high-power demands. Operating in New Zealand for over 90 years, ABB has invested around $34 million in Napier since 2020 and employs 145 people locally, with plans to expand by up to 50 more as production grows.

T&G  Global Best Established Business Award: Starboard Bio – Starboard Bio produces and exports animal-derived pharmaceutical, nutraceutical, and functional food ingredients, supplying frozen raw materials and powdered ingredients for encapsulation to the EU and US markets. The company operates with a team passionate about their products, the New Zealand brand, and enhancing value within the NZ red meat industry.

ContainerCo  Best Emerging Business: Ovenden Seeds – Ovenden Seeds is a specialist seed multiplication company growing, processing, and exporting herb and vegetable seeds, particularly smaller, hard-to-handle varieties. Seeds are dried, cleaned, and packed at a custom facility near Waipawa. With farms in Hawke’s Bay and grower partners in Canterbury, Ovenden focuses on growth and exports to the UK, EU, and US

Judges’  Choice Award: Haumako – Haumako is the Tātau Tātau Trust’s commercial entity and develops and grows horticultural products for the export market. Tātau invests directly in horticulture to further diversify their economy, foster sustainable regional growth, and create valuable local jobs. By expanding the horticulture industry in Wairoa, Tātau encourages better use of Māori-owned land by sharing opportunities, learning, knowledge gained in their own orchards.

Ziwi  Excellence in Innovation Award: ABB

NZME  Service to Export Award: Stephen Jacobi

Napier  Port Unsung Heroes Award: Tamsyn Illston, Natural Pet Foods & Nick Elliot, ABB.

Notes:

ExportNZ Hawke’s Bay is overseen by Business Central, which represents around 3,500 organisations across the lower North Island. Business Central offers advice, learning, advocacy, and support to a wide range of organisations across Central New Zealand. Business Central is part of the BusinessNZ Network.
MIL OSI New Zealand News –
August 5, 2025
MIL-OSI United Nations: Once-in-a-decade push for the ‘locked out’: Global leaders set for landmark UN conference in Turkmenistan
Source: United Nations 2

Backed by the new Awaza Programme of Action, the Third UN Conference on Landlocked Developing Countries or LLDC3 will push for freer transit, smarter trade corridors, stronger economic resilience and fresh financing to lift development prospects for the 570 million people living in those countries.

For landlocked nations, geography has long dictated destiny.

Trade costs are up to 74 per cent higher than the global average and it can take twice as long to move goods across borders compared to coastal countries. As a result, landlocked nations are left with just 1.2 per cent of world trade.

[embedded content]

UN Video | What to expect from LLDC3 in Awaza, Turkmenistan

And amid global economic shifts, these countries face the huge risk of being left behind.

“LLDC3 is a pivotal opportunity to reverse this trajectory,” said Rabab Fatima, UN High Representative for Landlocked Developing Countries.

“At its heart, this conference is about people – it is about the millions of children who lack internet or digital tools, the farmers who cannot get their goods to market because of poor roads, and the entrepreneurs whose dreams are held back by border delays and limited access to funding.”

Broad engagement

The four-day event, from 5 to 8, August will feature plenary sessions, five high-level roundtables, and a Private Sector Forum focused on building partnerships and boosting investment.

Dedicated forums with parliamentarians, women leaders, civil society and youth will bring voices from across society into the heart of the discussions.

UN Secretary-General António Guterres is expected to attend, underlining the urgency of the agenda.

World Bank/Curt Carnemark

Many landlocked countries, such as Botswana (pictured) are also on the frontlines of the impact of climate change, highlighting their vulnerability.

The Awaza Programme of Action

Central to the conference is the Awaza Programme of Action for 2024-2034, adopted by the UN General Assembly in December.

It lays out five priority areas – structural transformation, infrastructure and connectivity, trade facilitation, regional integration, and resilience building – supported by five flagship initiatives.

These include:
- A global infrastructure investment facility to close financing gaps.
- Regional agricultural research hubs to boost food security.
- A high-level UN panel on freedom of transit, ensuring smoother cross-border flows.
- Digital connectivity initiatives to bridge the digital divide.
- A dedicated landlocked developing countries trade work programme at the WTO.
© UNICEF/Giacomo Pirozzi

Women shop at a vegetable market in Ashgabat, the capital of Turkmenistan. Boosting food security is one of the priority areas of the Awaza Programme of Action.

Turkmenistan

For Turkmenistan, hosting LLDC3 is both a diplomatic milestone and a statement of intent.

“We are proud to host it on the Caspian Sea coast in Turkmenistan,” said Aksoltan Ataeva, Ambassador and Permanent Representative to the UN.

“We look forward to welcoming [everyone] to Awaza for a transformative, action-oriented conference that puts landlocked countries at the heart of global partnerships.”

Organizers promise state-of-the-art facilities, cultural showcases and networking spaces designed to spur collaboration. Delegates will also experience Turkmen heritage firsthand, from local art to Caspian cuisine.

UN Photo/Jawad Jalali

Cross-border infrastructure, such as these power lines, are crucial connections linking LLDCs with the regional and global electric grids.

The bigger picture

For the landlocked developing countries, the stakes are existential.

These countries are among the most climate-vulnerable, least connected and furthest from global value chains. Without bold action, progress on the 2030 Agenda for Sustainable Development will remain out of reach.

“The destiny of humanity is inseparably linked to the destiny of these countries,” said Diego Pacheco, Ambassador of Bolivia, who currently chairs the LLDC Group at the UN.

“Together, we can unlock the potential of landlocked developing countries – not just for the benefit of our nations, but for the shared future of all humanity and the Mother Earth.”

As the countdown to Awaza begins, expectations are high – not about whether geography matters (it does), but whether global solidarity can transcend its limits.

LLDC3 aims to prove that it can.

There are 32 landlocked developing countries, of which 16 are also least developed.

MIL OSI United Nations News –
August 5, 2025
MIL-OSI: Diplomatic Trade Ltd, Thomas J. Kent Jr. the Kent Family Office, and Kent Global LLC Stake Acquisition in Turkish Pharma Firm, Target $300M UAE Biopharma Venture

Source: GlobeNewswire (MIL-OSI)

Thomas J. Kent Jr.

DUBAI, United Arab Emirates, July 31, 2025 (GLOBE NEWSWIRE) — Diplomatic Trade Ltd and Kent Global Support Strategic Stake in Turkish Pharma Group, Plan $300M UAE Biopharma Initiative Cross-border biopharma venture targets UAE facility launch in Q3 2025 and public listing by year-end

Diplomatic Trade Ltd, a cross-border trade and investment firm with offices in New York and Dubai, and its private equity arm, Diplomatic Trade Capital Group, have signed an MOU to acquire a 49% stake in Turkish pharmaceutical manufacturer Farmakim ilaç Kimya Gida Ürünleri Üretim San ve Dis Tie A.S.

The transaction was supported by U.S.-based Kent Family Office LLC and its affiliated investment firm, Kent Global LLC, led by financier Thomas J. Kent Jr. The deal marks a strategic partnership aimed at strengthening pharmaceutical capacity across Türkiye and the Gulf Cooperation Council (GCC).

Equity Position and Strategy
Diplomatic Trade Capital’s 49% ownership includes board representation and commercial rights. Financial details were not disclosed, but the acquisition aligns with a broader strategy to scale pharmaceutical infrastructure across emerging markets in MENA.

UAE Biomanufacturing Facility – Q3 2025
The partners will establish a UAE-based biomanufacturing facility by Q3 2025. The plant will focus on biosynthetic therapies and regenerative compounds, featuring modular, EU-GMP-compliant production systems and AI-driven quality control. The facility is intended to meet growing demand for advanced pharmaceuticals in the GCC and North Africa.

IPO Planning and Market Valuation
The new entity is targeting an initial public offering on a UAE stock exchange in Q4 2025. A global advisory firm is conducting a valuation, with early estimates suggesting a potential IPO valuation near $300 million USD, based on projected revenue growth and regional distribution rights.

Institutional Investment Backing
The financing structure was arranged by Kent Family Office and Kent Global, reflecting increased U.S. institutional interest in healthcare investment across the Gulf region.

Executive Commentary
“This transaction establishes a platform for scalable pharmaceutical production in the region,” said a Diplomatic Trade Capital spokesperson. “The UAE offers a favorable environment for innovation, regulation, and capital markets access.”

About Diplomatic Trade Ltd
Diplomatic Trade Ltd is a U.S.-registered firm focused on cross-border joint ventures and IPOs in healthcare, infrastructure, and strategic manufacturing across the GCC and Africa.

About Farmakim
Based in Istanbul, Farmakim is a privately held pharmaceutical company serving public and private healthcare systems across Europe, MENA, and Central Asia.

Media Contact:
Shawn Kent
Kent Global LLC and The Kent Family Office
646 207 6801
tkent@kentgloballlc.net
https://www.kentgloballlc.net/

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6ca9a779-f567-40ae-9944-7f2d25ebde78

The MIL Network –

August 5, 2025
MIL-OSI USA: Grassley Questions Treasury Nominee on Biofuels, Wind and Solar Provisions in the One Big Beautiful Bill

US Senate News:

Source: United States Senator for Iowa Chuck Grassley

WASHINGTON – Sen. Chuck Grassley (R-Iowa), a senior member and former chairman of the Senate Finance Committee, today questioned Treasury Department nominee Derek Theurer on the implementation of the One Big Beautiful Bill Act.

Grassley asked whether Theurer would advise the Treasury Department to maintain its longstanding interpretation of “began construction.” Grassley requested a timeline on formal guidance for implementing the clean fuels tax credit to provide Iowa’s biofuels industry greater certainty.

Grassley also questioned Bryan Switzer, nominee to be Deputy U.S. Trade Representative, about America’s trade balance with China.

[embedded content]

VIDEO

On Wins on the One Big Beautiful Bill Act

The One Big Beautiful Bill was an historic achievement. We averted the largest tax increase in history. It made pro-growth business provisions permanent. It unlocked business investment that will create jobs. The bill also provides additional middle-class tax relief.

Implementing the Bill as Congress Intended

As Treasury works to implement the bill, the agency must work with members to ensure the provisions are implemented according to the statute and faithful to congressional intent.

So, the first question is a very general one. Can we count on you to keep Congress well informed during the implementation process and consult with [relevant] members of Congress where questions arise as to what was congressional intent?

Wind and Solar Provisions, 45Z Implementation

There are several provisions that I’m particularly interested in, in seeing faithfully implemented. This includes the structure of the phase-out for the wind and solar credits and modifications to the Clean Fuels Production Credit. And, remember, you’re talking to the father of the Wind Energy Tax Credit.

I worked with my colleagues to provide wind and solar an appropriate glide path for the orderly phase-out of the tax credits. Ultimately, Congress enshrined in statute a 12-month transition period based on when projects “begin construction.”

What it means for a project to “begin construction” has been very well established by Treasury guidance for more than a decade. Moreover, Congress specifically references current Treasury guidance to set that term’s meaning in law. It seems to me, this is a case where both the law and congressional intent are very, very clear.

So, Mr. Theurer, will you commit to advising the Department that both the law and congressional intent are clear and that the “beginning of construction” – those official words – means what it has meant for more than a decade?

Impact of the Clean Fuels Credit on Biofuels

The reconciliation bill includes an extension and modification of [the] Clean Fuel[s] Production Tax Credit under 45Z. Implementing this credit properly and quickly is important for the biofuels industry and its participants, especially farmers. The Biden administration failed to meaningfully address 45Z regulations, which has caused major market disruptions, including plant closures.

When can we expect to see guidance formally implementing the clean fuels credit so the biofuels industry can confidently move forward with operations?

America’s Trade Balance with China

You will be handling areas of international trade, and I’m interested in China. Based on your personal history, you know how challenging this will be. Do you think that the whole United States economy needs to decouple completely from China, or only certain sectors of our economy?

-30-

MIL OSI USA News –

August 5, 2025
MIL-OSI China: Thriving under pressure: Chinese companies build resilience, boost innovation amid headwinds

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

Thriving under pressure: Chinese companies build resilience, boost innovation amid headwinds

Merchant Sun Lijuan (R) introduces products to an Indian merchant inside her shop at the Yiwu International Trade Mart in Yiwu, east China’s Zhejiang Province, May 20, 2025. (Xinhua/Han Chuanhao)

“It’s hot and wet today,” chirped a doll in a clear, childlike voice, dressed in a pink floral blouse and a rainbow tulle skirt. The doll was on display at a toy stall in Yiwu City, a bustling trade hub in east China often dubbed the “world’s supermarket.”

The question — “What’s the weather like today?” — came from stall owner Sun Lijuan, who has worked in the doll business in Yiwu for over a decade.

Her latest model, now powered by AI, marks a major shift from the talking toys of the past. “It’s no longer just a doll that sings, tells stories, or answers basic questions,” Sun said. “Now it can respond to almost anything. For kids, it’s more like a companion — a friend.”

Sun is currently developing Spanish-language versions and has asked long-time clients to take the new AI dolls’ smart modules to South America to test server connectivity.

Amid global tariff headwinds, innovation is unfolding daily in Yiwu across a wide range of industries and products. Local businesses are steadily strengthening both resilience and innovation capacity, driving a 24.5 percent year-on-year increase in the city’s exports in the first half of the year.

Visits by foreign buyers in Yiwu jumped 18.6 percent from a year earlier in the first five months, underscoring growing interest in the city’s expanding and evolving product lines.

The resilience of the “world’s supermarket” echoed a robust 5.3 percent year-on-year growth in China’s GDP in the first half of the year. Behind this hard-won result against the global backdrop of economic and trade headwinds, businesses like Sun’s tell inspiring stories of agility and enterprise.

Merchants participate in a language learning session at the Yiwu International Trade Market in Yiwu, east China’s Zhejiang Province, May 16, 2025. (Xinhua/Chen Shuo)

WEATHERING GLOBAL UNCERTAINTIES

The rapid rollout of new products, Sun said, owes much to China’s strengths in innovation and talent. “Since the rapid ascent of DeepSeek earlier this year, we’ve been approached by many integrated circuit chip developers eager to collaborate on next-generation dolls,” she said. “I’ve never had so much contact with PhDs from top universities and tech firms.”

This year has also been one of personal growth for Sun. After DeepSeek gained attention, the Yiwu International Trade Market began offering free AI training and she managed to pick up several software skills.

In March, a long-time client from Mexico visited her shop and requested adjustments to the doll’s facial features and clothing. Sun made the edits on her computer within minutes, impressing the client and securing an order on the spot.

“Many people have asked me whether external uncertainties have hit my factory hard, and I always say the impact has been limited,” Sun said, noting her factory has, over the years, developed talking dolls in multiple languages, including Spanish, English, Arabic and Russian, for more than 50 markets such as Mexico, Russia, Saudi Arabia and Egypt.

“Entrepreneurs in Yiwu who’ve made it this far have been tested by the market repeatedly. Without foresight, they would’ve been pushed out of the market long ago,” she added.

The new AI-powered dolls cost three to four times as much to produce as older talking models, but they also bring higher profit margins, according to Sun.

Sun Lijuan said the production cost of the new AI-powered dolls is three to four times that of traditional talking models — but the added technology also brings higher profit margins.

Sun’s toy business offers a glimpse into a broader trend. Across China, companies are drawing on the country’s institutional strengths, vast market potential, resilient supply chains, a deep talent pool, and growing innovation and openness to sharpen their resilience and adaptability in an increasingly complex global landscape.

SHARPENING INNOVATION

On the vast Gobi Desert in northwest China’s Xinjiang Uygur Autonomous Region, towering high-voltage power lines form a striking “forest of steel.” Between the power lines, drones flit in and out of view like birds patrolling their territory, detecting minor faults or unusual objects on the towers and cables.

This photo taken on Aug. 13, 2024 shows a 750-kilovolt (kV) power transmission line under construction in northwest China’s Xinjiang Uygur Autonomous Region. (Photo by Ma Yuan/Xinhua)

This is a fully autonomous drone inspection system developed by technology company I-KINGTEC in north China’s Tianjin Municipality. A young tech firm founded just eight years ago is helping to solve one of the toughest challenges of power line inspections in uninhabited regions.

Its “Orca” drone can autonomously take off, fly missions and collect data. Serving as its all-weather base, the “Tiger Den” station can automatically replace the drone’s battery pod — a task that once depended almost entirely on manual labor.

“How to make drones truly unmanned throughout the entire workflow has been the question we sought to answer from the very beginning,” said Zhu Shengli, co-founder of the company. He noted that the firm’s technological breakthroughs have been made possible by China’s supportive policies for the low-altitude economy and a strong talent pool.

At Zhu’s company, the average age of employees is just 27, and R&D staff make up 70 percent of the workforce. The company has filed more than 600 IP applications to date.

It posted over 200 million yuan (28 million U.S. dollars) in revenue last year, and its first-quarter earnings this year have already exceeded the full-year total for 2024.

China’s tech firms like Zhu’s have seen strong momentum this year. In the first half of 2025, the country’s high-tech sectors posted rapid gains, with value-added industrial output in high-tech manufacturing rising 9.5 percent, 3.1 percentage points higher than the overall industrial growth during the same period.

Sheng Laiyun, deputy head of the National Bureau of Statistics, described the “accumulation of new growth momentum” as a key feature of China’s economic performance. He noted an accelerating integration of technological and industrial innovation, which is high on policymakers’ agendas.

To boost innovation, China has introduced a series of policy measures this year, including setting up a national venture capital guidance fund expected to mobilize 1 trillion yuan, expanding re-lending for tech innovation and upgrades from 500 billion to 800 billion yuan, and launching a dedicated “sci-tech board” in the bond market. The measures aim to channel more financial resources into early-stage, small-scale, long-term, and hard-tech ventures.

TAPPING VAST DOMESTIC MARKET

At a time when global demand is uneven, China’s vast domestic market of over 1.4 billion people continues to serve as a powerful anchor. Consumer demand is evolving rapidly, driving the emergence of new business models and product innovations.

Despite pressures on the broader food service sector, Xibei, a leading Chinese catering chain brand with nearly 400 outlets and around 17,000 employees, is charting a different course by upgrading its children’s meals and offering higher-quality options to attract family diners, a strategy that has helped lift overall sales.

The chain now offers four kids’ meal set options. One standout is a 69-yuan set featuring a whole yellow croaker, organic vegetables, corn soup, shrimp and egg custard, mousse, and hand-rolled oat noodles. To ensure it’s safe for children to eat, each fish goes through three rounds of machine inspection followed by manual deboning.

“Kids’ meals are emerging as a powerful driver of family dining. Parents are willing to invest in quality for their children,” said Song Xuan, vice president of Xibei.

Sales of Xibei’s children’s meals rose 7.4 percent year on year last year. Families dining with children now make up about 50 percent of total tables across its outlets on average.

Despite skepticism over China’s consumer momentum and concerns about weak market demand, Xibei offers a snapshot of the country’s evolving spending power.

China’s consumer market continued to gain momentum in the first half of the year, with retail sales of consumer goods rising 5 percent year on year, 0.4 percentage points faster than in the first quarter. Consumption contributed 52 percent to GDP growth during the period, making it the main driver of the economy.

The vast Chinese market is also a shared market for the world, with consumer goods imports totaling 7.4 trillion yuan between 2021 and 2024, according to the Ministry of Commerce. In terms of actual purchasing power, China’s retail sales of consumer goods surpassed those of the United States last year, reaching 1.6 times the U.S. level, based on World Bank data and calculations.

Xiong Yi, China Chief Economist at Deutsche Bank, noted strong potential for further growth in services consumption. “China has likely reached a development stage where its population will have increasing demand for higher-quality services,” he said.

To better meet differentiated demand and tap deeper into China’s growing dining market, Xibei plans to roll out lightly salted meal sets for toddlers as young as one or two years old.

“We are confident in the long-term prospects of China’s catering industry, given its vast growth potential. To stay competitive in such a rapidly evolving market, we must continue to transform and upgrade,” said Jia Guolong, chairman and founder of Xibei.

MIL OSI China News –

August 5, 2025
MIL-OSI China: China champions global cooperation on wetland conservation at COP15

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

Amid growing global attention to wetland conservation, China’s efforts and achievements in this field are particularly eye-catching at the 15th Meeting of the Conference of the Contracting Parties to the Ramsar Convention on Wetlands (COP15), due to conclude in Victoria Falls on Thursday.

From building the world’s largest number of international wetland cities to achieving legislative breakthroughs and forging capacity-building partnerships with other countries, China has embraced a comprehensive approach to wetland protection, deeply rooted in ecological civilization and its unwavering support for global efforts.

An aerial drone photo taken on June 5, 2025 shows volunteers taking a boat to inspect the breeding habitat of migrant birds at a wetland on the estuary of the Baisha River in Qingdao City, east China’s Shandong Province. (Photo by Wang Haibin/Xinhua)

SIGNIFICANT PROGRESS

At the height of summer, deep within the East Dongting Lake National Nature Reserve in central China’s Yueyang city, Hunan province, schools of fish swim freely in the lake, deer bound through the forests, and birds sing joyfully among the trees.

“We are proud to say that the wetlands are now the ecological calling cards of Yueyang,” said Yu Ge, a representative of the city who attended COP15 in the resort city of Victoria Falls in the Matabeleland North Province of Zimbabwe.

The COP15, themed “Protecting Wetlands for Our Common Future,” brought together government representatives to strengthen international commitments to wetland conservation and to highlight the vital role of wetlands in sustaining ecological health, biodiversity and climate resilience.

Yu actively promoted Yueyang at every event during his short stay in Zimbabwe, warmly inviting participants from different countries to explore the city. With approximately 285,200 hectares of wetlands, Yueyang has stepped up its conservation efforts in recent years and was officially recognized as an international wetland city at this year’s COP15.

A total of nine Chinese cities won the prestigious title during the meeting, bringing the total number of such cities in China to 22, the highest in the world, showcasing the country’s significant achievements in wetland conservation.

According to China’s National Forestry and Grassland Administration, China currently boasts 56.35 million hectares of wetlands, ranking fourth in the world. It is also home to 82 Wetlands of International Importance and five national parks.

Yan Zhen, deputy head of China’s National Forestry and Grassland Administration, said during the meeting that in recent years, China has continuously improved its legal and institutional framework for wetland conservation, comprehensively protected wetland ecosystems, and actively engaged in international cooperation, continuously contributing to global wetland protection efforts.

“Over the last 20 years, China has made significant progress in wetland conservation, marking a turning point that has led to a more balanced and sustainable relationship between humans and nature,” Yan said.

SHINING EXAMPLE

China became a party to the Ramsar Convention in 1992 and hosted COP14 in 2022, during which it was elected as chair of the standing committee to lead the convention process for the following three years.

This photo taken on July 22, 2025 shows a herd of yaks in a wetland near Mapam Yumco Lake in Burang County of Ngari Prefecture, southwest China’s Xizang Autonomous Region. (Xinhua/Tenzing Nima Qadhup)

In an exclusive interview with Xinhua during COP15, Musonda Mumba, secretary general of the Convention on Wetlands, said she assumed the role six weeks before the opening of COP14 and felt “very fortunate” to start the journey with China. “China has provided leadership in making sure that all the draft resolutions made at COP14 were dealt with and delivered in a timely manner.”

China’s Wetland Protection Law, effective since June 2022, is the country’s first dedicated legislation on wetlands, providing a comprehensive legal framework for wetland conservation, restoration, management and sustainable use.

Hailing the law as a “shining example” to the world, Mumba said, “China is one of the very few countries that actually have a wetland law. And that for me is also incredibly impressive, because not only does the law talk about having inventory, having the right data, managing these wetland systems, it also talks about the role of cities and why these cities matter.”

The success in wetland conservation has not only benefited China’s biodiversity, but also contributed to the health of cross-border ecosystems by integrating wetland protection with other environmental goals, such as migratory bird conservation, she noted.

Moreover, China’s efforts to raise awareness have sparked a significant increase in global interest in wetland conservation over the past years, she added.

“Indeed, if you look across the world, China has taken a leadership position in doing the right thing for wetlands,” Coenraad Krijger, CEO of Wetlands International, a global not-for-profit organisation, told Xinhua on the sidelines of COP15.

He applauded China for its leading role in the global wetland preservation agenda, noting that China’s status as a major investment partner in the world makes it a key player in safeguarding the health of wetland ecosystems.

“Through the trade relations that China has, and the investments that China has all over the world, (China) is also connected to (other) very important wetlands worldwide,” Krijger said.

While development is welcome, there is a need to maintain a balance between development and the health of wetlands, he said, adding that he is eager to visit Chinese wetland cities in the future to learn how they achieve urban development while reaping the benefits of preserving the wetlands.

UNWAVERING COMMITMENT

In many rapidly developing regions of Africa, urban expansion has taken a toll on wetlands, a growing issue that communities and policymakers are striving to address.

This photo taken on Nov. 27, 2023 shows little swans resting at a wetland in Yueyang City, central China’s Hunan Province. (Photo by Cao Zhengping/Xinhua)

According to Wetlands International’s Director for East Africa Julie Mulonga, many African countries have policies in place to protect wetlands, but there is a lack of investment in implementation measures.

Local communities and indigenous knowledge play a crucial role in effectively driving wetland conservation efforts, she said, adding that China’s wetland management experience could provide a valuable reference and its advanced technology could go a long way in helping the continent achieve green development.

Over the years, China has been actively supporting many African countries in wetland governance through legislative exchanges, technical training and talent development, helping enhance their ability to restore and preserve wetlands.

Wetlands are crucial for ecological resilience, and their future hinges on unwavering international cooperation, said Xia Jun, director general of the International Cooperation Department at China’s National Forestry and Grassland Administration. “This profound understanding underpins China’s unwavering commitment to its conservation.”

In 2024, China launched the International Mangrove Center (IMC) in the southern city of Shenzhen to promote global mangrove conservation, sustainable use and international cooperation.

Xia described the IMC as a landmark initiative that reflects the spirit of global cooperation.

With the support of the IMC, the Mangrove Conservation Foundation, a private foundation based in China, has been carrying out programs in African countries such as Madagascar and Kenya to help preserve mangroves, which are vital coastal ecosystems along the continent’s shorelines, Sun Lili, co-founder and executive board chair of the foundation, told Xinhua.

Christine Colvin, Freshwater Policy Lead, WWF International, said: “This COP is really important in terms of setting goals for the next period, for the next decade, and the strategic plan for the contracting parties to Ramsar, and it prioritises international cooperation.”

Colvin said that China is demonstrating to municipalities and local governments around the world how to bring nature back into cities and design new urban areas that are more permeable, allowing the natural water cycle to function.

Commending China for leading the way in this field, the WWF official said they are looking forward to continuing cooperation with China to boost global efforts to preserve wetlands and build more permeable sponge cities.

MIL OSI China News –

August 5, 2025
MIL-OSI New Zealand: Statement by Minister McClay following US tariff announcement

Source: New Zealand Government

The United States has confirmed that tariffs on New Zealand exports will increase from 10 per cent to 15 per cent from 7 August, placing us alongside other key US trading partners including Japan and South Korea.

Trade and Investment Minister Todd McClay says, this decision appears to be based on a calculation of trade deficits, with countries running a surplus with the US moved to the higher rate. In New Zealand’s case, the surplus is modest, around US$500 million, and is not overly significant in the context of the US economy.

Over the past decade, our trade relationship with the US has seen periods where the US enjoyed a significant surplus and times, like now, when New Zealand has a modest one. Overall, our trade is balanced and complementary, reflecting the strength of a long-standing partnership.

“I am seeking an urgent call with the US Trade Representative to make New Zealand’s position clear: this increase risks harming exporters and consumers of both countries. The US currently faces an average tariff of just 0.8 per cent when exporting to New Zealand, far lower than what we face into their market,” Mr McClay says.

“New Zealand exports around $9 billion of goods to the US annually. At 15 per cent, the impact will be considerable for exporters, many of whom absorbed or passed on the earlier 10 per cent rate. At 15 per cent, that becomes much harder.

“Our focus now moves to engaging directly with the US on this current announcement to seek changes to this decision.

“New Zealand has always stood for open, rules-based trade. We will continue to advocate strongly for a resolution that supports our exporters and maintains the strength of our trading relationship with the United States.”

MIL OSI New Zealand News –

August 5, 2025
MIL-OSI: BW Energy: Second quarter and first half 2025 results
Source: GlobeNewswire (MIL-OSI)

BW Energy delivered strong operational performance in the first half of 2025, driven by high production uptime, competitive cost levels, and a solid safety record with zero lost time incidents. The Company’s project portfolio continues to advance, with final investment decisions taken on both the Maromba development and the Golfinho Boost project. In addition, a substantial oil discovery was made at the Bourdon prospect in the Dussafu area, further expanding BW Energy’s resource base. Backed by strong cash generation and a resilient financial structure, BW Energy is well placed to drive growth and create long-term shareholder value.

HIGHLIGHTS

Strong operational performance
- H1 2025 net production of 6.2 (4.6) million barrels, equal to 34.2 (25.4) kbopd
- Operating cost1 of USD 18.3 (26.2) per barrel and zero lost time incidents
- Assumed operatorship of the BW Adolo FPSO
Successfully developing and increasing the resource base
- Final investment decision made on Maromba and Golfinho Boost projects
- Substantial oil discovery of 25 mmbbls in the Bourdon prospect
Robust financial results
- H1 2025 EBITDA of USD 281.1 (185.8) million and net profit of USD 109.7 (61.9) million
- Q2 2025 EBITDA of USD 99.0 million and net profit of USD 26.7 million
- Operating cash flow of USD 162.0 (85.1) million
- Cash position of USD 192.9 (244.2) million at 30 June
- New and upsized RBL facility up to USD 500 million
2025 guidance unchanged
- Production: 11-12 mmbbls (30-32 kbopd)
- Operating cost1: USD 18-22 per barrel
- CAPEX: USD 650-700 million
- G&A: USD 19-22 million
(Numbers in parenthesis refer to H1 2024)

1) Operating costs exclude royalties, tariffs, workovers, crude oil purchases for domestic market obligations, production sharing costs in Gabon, and incorporates the impact of IFRS 16 adjustments

Comment from the CEO of BW Energy, Carl Arnet:

“BW Energy delivered a strong first half of 2025, with production above the upper end of our guidance range and operating costs at significantly more competitive levels than in 2024. This reflects continued focus on safe, efficient operations and disciplined cost management across the portfolio.

During the period, we moved key development projects into execution, marking an important step forward in our growth strategy. The Maromba development in Brazil is now underway and will be transformative for BW Energy, increasing production to more than 90,000 barrels per day in 2028.

Furthermore, we strengthened our portfolio, confirming new resources at the Bourdon prospect in the Dussafu licence. These are highly profitable barrels that highlight our strategy of leveraging existing infrastructure and pursuing fast‑track developments to accelerate value creation.

Our financial foundation remains robust, with low leverage and strong underlying cash generation. This gives us the resilience to navigate market volatility while continuing to deliver growth and long‑term value for our shareholders.”

Please find attached the report for the first half of 2025 and the second quarter presentation.

The report, presentation, excel data book and webcast will be available on:

www.bwenergy.no/investors/reports-and-presentations

CONFERENCE CALL/WEBCAST 

BW Energy will today hold a conference call followed by a Q&A hosted by CEO Carl K. Arnet and CFO Brice Morlot at 14:00 CEST. 

The presentation may also be followed via webcast on:

https://events.webcast.no/viewer-registration/qQC1bQEB/register

Please note, that if you follow the webcast via the above URL, you will experience a 30 second delay compared to the main conference call. The web page works best in an updated browser – Chrome is recommended.

Conference call information:

To dial in to the conference call where the second quarter results and Q&A will be hosted, please dial in to one of the following numbers:

Participants dial in numbers:

DK: +45 7876 8490
SE: +46 8 1241 0952
NO: +47 2195 6342
UK: +44 203 769 6819
US: +1 646-787-0157
Singapore: 65-3-1591097
France: 33-1-81221259

Conference code: 980877

For further information, please contact:

Martin Seland Simensen, VP Investor Relations

+47 416 92 087

Martin.simensen@bwenergy.no

About BW Energy:

BW Energy is a growth E&P company with a differentiated strategy targeting proven offshore oil and gas reservoirs through low risk phased developments. The Company has access to existing production facilities to reduce time to first oil and cashflow with lower investments than traditional offshore developments. The Company’s assets are 73.5% of the producing Dussafu Marine licence offshore Gabon, 100% interest in the Golfinho and Camarupim fields, a 76.5% interest in the BM-ES-23 block, a 95% interest in the Maromba field in Brazil, a 95% interest in the Kudu field in Namibia, all operated by BW Energy. In addition, BW Energy holds approximately 7% of the common shares in Reconnaissance Energy Africa Ltd. and a 20% non-operating interest in the onshore Petroleum Exploration License 73 (“PEL 73”) in Namibia. Total net 2P+2C reserves and resources were 599 million barrels of oil equivalent at the start of 2025.

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

Attachments
- BWE Q2 presentation
- BWE Financial report – 1H 2025
The MIL Network –
August 5, 2025

MIL-OSI: Atos – Half-year 2025 results on track. Full Year 2025 targets confirmed

Source: GlobeNewswire (MIL-OSI)

Press Release

Half-year 2025 results on track
Full Year 2025 targets confirmed

Significant progress in the execution of the Genesis transformation plan
- Reset of cost base well engaged, already impacting profitability
- Over 50% of the overall Genesis restructuring target incurred
  at the end of June
- Growth pillar initial phase achieved to deliver long-term ambition
Operating Margin up 80 bps proforma from 2.0% to 2.8%, to €113m (+15.4% yoy) despite the material decline in revenue, as anticipated
- Atos SBU: +1.7 pts to 5.7% driven by initial benefits from the restructuring plan and tight contract management
- Eviden SBU: -1.7 pts to -7.9% – consistent with previously announced seasonality
Significant improvement in Free Cash Flow¹to -€96m (including -€154m cash restructuring) from -€593m in H1 2024
H1 revenue at €4,020m, down 17.4% organically due to expected impact of contracts exit and low business traction in 2024.
Achieved a 10 pts yoy Book-to-Bill improvement reaching 83% despite soft market environment with:
- Improved or flat order entry in all regions apart from France
- Continued strategic deal wins with 11 large multi-year contracts signed vs. 5 in H1 2024. The positive commercial momentum is expected to continue in H2 2025
- Rolling 12-month pipeline increased by €1.5bn in Q2 including €1.3bn in large deals (over €30m)
Full Year 2025 targets and long-term trajectory confirmed
Share Purchase Agreement signed with the French State for the sale of Advanced Computing activities

Paris, August 1^st, 2025 – Atos, a leading provider of AI-powered digital transformation, today announces its half year 2025 financial results.

Philippe Salle, Atos Group Chairman of the Board of Directors and Chief Executive Officer, declared:

“In a challenging environment, I am very encouraged by the determination of our teams in rolling-out the Genesis transformation plan with no delay. The voluntary optimization of the Group cost base is already starting to show initial benefits as shown through our half-year results: the operating margin is improving by over 15% year-on-year, a positive momentum which we intend to pursue. Our limited cash consumption is reflecting our disciplined approach to cash management, and we notice a sheer increase in enthusiasm among our customers towards the strategic refocusing of the Group.
We also reached a new significant milestone towards the sale of our Advanced Computing activities with the signature of a share purchase agreement with the French State.
We are looking ahead to the rest of the year and beyond with confidence and a single focus: executing on our strategy. We remain strongly committed to our 2025 targets and our long-term financial trajectory.”

H1 2025 performance highlights

In € million	H1 2025	H1 2024	Var.	H1 2024*	Organic Var.
Revenue	4,020	4,964	(944)	4,865	(845)
Operating Margin	113	115	(2)	98	+15
In % of revenue	2.8%	2.3%	+0.5 pts	2.0%	+0.8 pts
OMDA	309	373	(64)
In % of revenue	7.7%	7.5%	+0.2 pts
Net income – Group share	-696	-1,941	+ 1,245
Free Cash Flow²	-96	-593	+ 497
Net debt (excl. IFRS 9 adjustment)	-1,681	-4,218	+ 2,537

*: at constant scope and June 2025 average exchange rates

Operational performance

Group revenue reached 4,020 million euros in the first half 2025, reflecting a 17.4% organic decline compared to the first half of 2024, driven by 2024 contract losses and voluntary contract exits, especially in the Atos Strategic Business Unit (SBU) in the United States and the United Kingdom, as well as overall soft market environment. The Atos SBU generated revenue of 3,603 million euros, down 17.9% organically compared to the first half of 2024. The Eviden SBU revenue was down 11.9% compared to the first half of 2024, to 417 million euros in the first half of 2025.

Group operating margin reached 113 million euros in the first half of 2025, representing an organic 15% increase compared to the first half of 2024 and 2.8% of revenue (compared to 2.0% in the first half of 2024), despite a 845 million revenue decline year-on-year. This performance demonstrates the initial benefits of the cost reduction measures engaged since the beginning of the year, especially in the Atos SBU where the operating margin improved 18% year-on-year. The Eviden SBU profitability was lower than last year, as expected, due to a strong seasonality throughout the year.

Disclosure in this section represents the revised reporting structure of Atos Group, following the implementation of the new organization in the first half 2025 reporting period. These are those that will be presented in the consolidated financial statements for the first half of 2025, which will be included in the 2025 half year report. Atos has identified Atos France, Atos BNN Benelux & the Nordics, Atos UK&I, Atos USA & CA, Atos GACE, Atos IM, Atos Global Delivery Centers, Eviden and Global Structures as the operating segments, mirroring the internal reporting structure. This reflects the review, management and assessment of the group’s operating results by Group Management following the implementation of the new organization.

In € million	H1 2025 Revenue	H1 2024* Revenue	Organic variation	H1 2025 OM	H1 2024 OM*	H1 2025 OM	Organic variation*
In € million	H1 2025 Revenue	H1 2024* Revenue	Organic variation	H1 2025 OM	H1 2024 OM*	H1 2025 OM	Organic variation*
ATOS	3,603	4,391	-17.9%	204	173	5.7%	+18.2%
Germany, Austria & Central Europe	767	831	-7.6%	1	-11	0.1%	ns
USA & Canada	695	978	-29.0%	70	92	10.1%	-24.4%
France	591	663	-10.8%	13	9	2.1%	+45.4%
UK & Ireland	583	821	-29,0%	50	48	8.6%	+4.5%
International Markets	561	668	-16.0%	46	39	8.2%	+18.8%
BNN Benelux & the Nordics	402	425	-5.4%	23	-1	5.6%	ns
Global Delivery Centers	5	6	-18.7%	2	-3	0.1%	ns
Eviden	417	474	-11.9%	-33	-30	-7.9%	+11.5%
Global Structures	–	–	–	-57	-45	-1.4%	+28.8%
Group total	4,020	4,865	-17.4%	113	98	2.8%	+15.4%

*: at constant scope and June 2025 average exchange rates

Atos – Germany, Austria & Central Europe revenue was 767 million euros in the first half of 2025, representing a 7.6% organic decline compared to the first half of 2024 with a significant ramp down from a couple of large clients who implemented insourcing strategies. It also stemmed from managed exits from low profitability contracts. That was partially offset by successful fertilization and cross selling at existing clients.

Operating margin improved by 140 basis points year-on-year despite the non-recurring treatment of some reorganization expenses in the first half of 2024. It reached breakeven in the first half of 2025 thanks to the restructured delivery of existing contract portfolio and benefits from cost-saving initiatives.

Atos – USA & Canada revenue decreased by 284 million euros year-on-year on a proforma basis. This was driven essentially by 2024 large contract completions and ramp-downs as well as an uncertain macro and political environment. Churn on small size contracts was more than offset by growing activity at existing clients and new contracts during the period.

Operating margin improved 60 basis points compared to the first half of 2024 despite the material impact from revenue fall thru, thanks to the Genesis-led margin optimization actions already in place. It stood at 70 million euros in the first half of 2025.

Atos – France revenue reached 591 million euros in the first half of 2025, down 10.8% organically from the first half of 2024, due to high exposure to the recently muted public sector and the impact of financial restructuring on client perception in 2024.

Operating margin improved by 80 basis points year-on-year thanks to the benefit of cost-cutting initiatives on indirect costs, an improved billability rate despite revenue decline and improving low profitability contract management, quality of delivery and automation.

Atos – UK & Ireland revenue reached 583 million euros in the first half of 2025, down 29% organically year-on-year mostly as a result of planned large public sector BPO contracts completion in the fourth quarter of 2024.

Operating margin improved 280 basis points compared to the first half of 2024. In absolute terms, it was stable year-on-year despite the sharp decrease in revenue, thanks to the restructuring of low profitability contracts, successful delivery of new business and an already visible impact from cost-saving initiatives.

Atos – International Markets revenue was down 16% organically in the first half of 2025, to 561 million euros, mostly driven by softer performance in Asia Pacific, Switzerland and Major events that had benefited from the Olympics in the first half of 2024. That was partially offset by growing revenues in South America.

Operating margin improved by 240 bps compared to the first half of 2024 and reached 46 million euros in the first half of 2025 (up 7 million year-on-year). The contribution from lost revenue was more than offset by improved productivity, benefits from the Genesis transformation plan and lower one-off costs year-on-year with Olympics-related marketing costs incurred in the first half of 2024.

Atos – BNN, Benelux and the Nordics revenue stood at 402 million euros in the first half of 2025, down 5.4% organically compared to the first half of 2024 with churn partially offset by growing activity at existing clients.

Operating margin turned positive in the first half of 2025, to 23 million euros, or 5.6% of revenues. This was driven by the ramp up of higher profitability contracts and positive contribution from the Genesis action plan and continued positive service and project delivery.

Eviden revenue was 417 million euros in the first half of 2025, down 11.9% organically year-on-year, driven by the anticipated strong seasonality in Advanced Computing (down 10.9% compared to the first half of 2024).
Operating margin was –33 million euros, compared to -30 million euros in the first half of 2024 again, due to the seasonality in Advanced Computing. Significant revenue and profit recognition is expected in the fourth quarter of 2025. On a full-year basis the business unit is expected to generate positive operating margin.

Global Structures costs stood at -57 million euros in the first half of 2025, compared to -45 million euros in the first half of 2024, due to the non-recurring treatment of reorganization costs in the first half of 2024 and the UEFA marketing costs incurred centrally in the first half of 2025.

Update on the Genesis plan execution

At the Capital Markets Day that was held on May 14, 2025, the Group unveiled “Genesis”, its strategic and transformation plan for the next 4 years. It includes 22 workstreams regrouped under 7 pillars:

Growth
Human Resources
Countries review
Portfolio review
Gross Margin
Cost review
Cash

During the first half of 2025 significant progress was achieved, including the following:

Growth transformation: it has now passed the initial phase with a new growth and sales teams operating model deployed in all geographies and centrally. That included the right sizing and upskilling of the teams and sales enablement initiatives as well as prioritization to ensure frontline excellence and support future growth ambition. With that, processes were streamlined and optimized, enabling the sales force to concentrate efforts on meeting client needs. It is anticipated to yield results from the second half onwards
Countries review: to sharpen the geographical focus as announced in the Capital Markets Day, the Group exited one country and formally launched disposal processes for additional non-core countries
Contract portfolio review: in the first half of 2025, the Group reduced its exposure to low margin contracts (ie contracts with a project margin below 5%) to only three significant ones (vs seven at the end of 2024), and totaling a c.16 million euros negative impact on operating margin compared to c.52 million euros in the first half of 2024
Delivery and G&A optimization: the billability rate improved from 76% to 79% during the first half, and the General & Administrative cost base was reduced by 10% compared to the same period last year. Overall, over 50% of the 3-year restructuring envelope of 700 million euros was incurred at the end of June. The total headcount was 69,597 at the end of the period

Order entry and backlog

Commercial activity

Order entry reached €3.3 billion in H1 2025, slightly lower than the reported H1 2024 level, due to:

Muted commercial activity in France where significant organizational changes are being implemented to improve commercial efficiency, enrich our offering and secure long term business performance. All other regions delivered roughly flat or growing order entry in the first half of the year
The soft market environment observed in the last few months

Book-to-bill ratio was 83% in the first half of 2025, up from 73% in the same period of 2024. Main contract signatures in the second quarter of 2025 included two 4+ years Digital workplace deals totaling 140 million euros (of which 100 million euros in North America and 40 million euros in the UK), a 5+ years 80 million euros mainframe deal with a North American wholesaler of technology products, a 4+ years 50 million euros Cybersecurity contract in the public sector in Belgium, and two 3+ years digital applications contracts in Europe for a cumulative amount of 90 million euros with a consumer goods player on one side and a public sector body on the other.

Backlog & commercial pipeline

At the end of June 2025, the full backlog reached €12 billion representing 1.5 years of revenue.
The full qualified pipeline amounted to €4.1 billion at the end of June 2025, representing 6.1 months of revenue.

Net income

OOI
Other operating income and expenses amounted to –566 million euros in the first half of 2025, compared to –1,819 million euros in the first half of 2024. It mostly included restructuring and other non-recurring charges in relation to the Genesis transformation plan, as well as litigation provisions.

Financial income
Net financial expense was -202 million euros in the first half of 2025, compared to -175 million euros in the first half of 2024, reflecting the new debt structure of the Group and the fair value adjustment of the net debt.

Tax
Tax charge stood at -41 million euros in the first half of 2025, compared to -62 million euros in the first half of 2024.

Net result group share
As a result of the above net result Group share was a loss of –696 million euros in the first half of 2025, compared to a loss of –1,941 million euros in the first half of 2024.

Free cash flow

Free cash flow for the period stood at –96 million euros for the period excluding changes in working capital actions (WCA), reflecting the following items:

Operating margin before depreciation and amortization (OMDA) of 309 million euros
Capex of –93 million euros, or 2.3% of revenues
Leases of –122 million euros
Change in working capital requirement (excluding WCA) of 167 million euros, mostly driven by lower activity in the first half of 2025
Cash restructuring of –154 million euros, in relation to the Genesis transformation plan
Tax paid of -13 million euros
Net cash cost of debt of –80 million euros, including 18 million euros of financial income
Other items for –109 millions, that included litigation and onerous contracts

Net debt and debt covenants

At June 30, 2025, net debt was 1,681 million euros (746 million euros including IFRS 9 debt fair value adjustment), compared to 1,238 million euros as of December 31, 2024 (275 million euros including IFRS 9 debt fair value adjustment), and mainly consisted of:

Cash and cash equivalents for 1,364 million euros
Borrowings for 3,057 million euros (nominal value, excluding PIK) or 2,186 million euros including IFRS 9 fair value adjustment and PIK

The new credit documentation requires the Group to maintain:

from 31 March 2025, a minimum liquidity level of €650 million, to be verified at the end of each financial quarter
from 30 June 2027, as from each half-year end, a maximum level of financial leverage (“Total Net Leverage Ratio Covenant”), which is defined as the ratio of Financial indebtedness (mainly excluding IFRS 16 impacts and IFRS 9 debt fair value treatment) to pre-IFRS 16 OMDA; the ceilings thus applicable will be determined no later than 30 June 2026 with reference to a flexibility of 30% in relation to the Business Plan adopted by the Group at that time; these ceilings will in any event remain between 3.5x and 4.0x.

As of June 30, 2025, the Group financial leverage ratio (as defined in glossary) was 4.0x.

Outlook

The Group confirms its full year 2025 targets:

c. 8.5 billion euros revenue³
around 4% operating margin
net change in cash⁴ before debt repayment of c. -350 million euros

The long-term financial trajectory also remains unchanged.

In 2026, the Group expects to generate positive organic growth and net change in cash⁴ before debt repayment and M&A.

In 2028, with the assumption of a disposal of Advanced Computing in FY 2026 and a progressive reduction of its geographic footprint, the Group expects:

to grow revenues organically to between 8.5 and 9 billion euros, representing a 5-7% CAGR between 2025 and 2028. Strategic, targeted and disciplined M&A could further increase revenue to up to 9 to 10 billion euros
to reach an operating margin of around 10%, supported by cost reduction measures and structural visible growth, partially offset by an acceleration of R&D investments
to achieve a leverage ratio below 1.5x net debt/OMDAL⁵. On the path to an investment grade rating, the Group expects to achieve a BB profile in 2027

Sale of Advanced Computing

On July 31, 2025, Atos Group signed a share purchase agreement with the French State for the sale of its Advanced Computing business, excluding Vision AI activities, for an enterprise value (EV) of €410 million, including €110m earn-outs that are based on profitability indicators for fiscal years 2025 (€50 million potential earn-out that should be paid upon closing) and 2026 (€60 million additional potential earn-out). This EV is in line with the confirmatory offer received from the French State on June 2, 2025 which has been approved by Atos Group Board of Directors.

Atos Advanced Computing business regroups the High-Performance Computing (HPC) & Quantum as well as the Business Computing & Artificial intelligence divisions. The transaction perimeter is expected to generate revenue of circa €0.8 billion in 2025.

The French State will become the new shareholder of these activities, further supporting the business and its development over the long term.

Social processes for the signing of the SPA agreement are closed. The transaction is expected to close over H1 2026 once the carveout is completed and relevant authorizations have been received.

Interim condensed consolidated financial statements

Atos Group Board of Directors in its meeting held on July 31, 2025, has reviewed the Group interim condensed consolidated financial statements closed at June 30, 2025. The Statutory Auditors have completed their usual limited review of the half-year condensed consolidated financial statements and issued their unqualified report.

Conference call

Atos Group’s Management invites you to attend the first half 2025 results conference call on Friday, August 1st, 2025, at 08:00 am (CET – Paris).

You can join the webcast of the conference via the following link:

https://edge.media-server.com/mmc/p/mz677p34

If you want to join the conference by telephone, please register via this link:

https://register-conf.media-server.com/register/BIc7cb4acc36ee4ddbbe4878cdc98936fa

Upon registration, you will receive the dial-in info and a unique PIN to join the call as well as an email confirmation with the details.

After the conference, a replay of the webcast will be available on atos.net, in the Investors section.

Forthcoming events

October 20, 2025 (After Market Close)

Third quarter 2025 revenue

APPENDIX

H1 2024 revenue and operating margin at constant scope and exchange rates reconciliation

For the analysis of the Group’s performance, revenue and OM for H1 2025 is compared with H1 2024 revenue and OM at constant scope and foreign exchange rates. Reconciliation between the H1 2024 reported revenue and OM, and the H1 2024 revenue and OM at constant scope and foreign exchange rates is presented below, by segment.

H1 2024 revenue	H1 2024 published	Restatement	H1 2024 restated	Internal transfers	Scope effects	Exchange rates effects	H1 2024*
In € million	H1 2024 published	Restatement	H1 2024 restated	Internal transfers	Scope effects	Exchange rates effects	H1 2024*
ATOS	4,259	234	4,493	-3	-85	-13	4,391
Germany, Austria & Central Europe	779	62	841	0	-11	0	831
USA & Canada	949	38	987	0	0	-9	978
France	686	39	725	-4	-58	0	663
UK & Ireland	791	17	808	0	0	13	821
International Markets	675	27	702	0	-16	-17	668
BNN Benelux & the Nordics	375	49	424	1	0	0	425
Global Delivery Centers	4	2	6	0	0	0	6
Eviden	705	-234	471	3	0	0	474
Global Structures	–	–	–	–	–	–	–
Group Total	4,964	0	4,964	0	-86	-13	4,865

H1 2024 Operating Margin	H1 2024 published	Restatement	H1 2024 restated	Internal transfers	Scope effects	Exchange rates effects	H1 2024*
In € million	H1 2024 published	Restatement	H1 2024 restated	Internal transfers	Scope effects	Exchange rates effects	H1 2024*
ATOS	175	-1	174	1	-15	12	173
Germany, Austria & Central Europe	-16	2	-14	-2	-2	7	-11
USA & Canada	97	0	96	0	0	-4	92
France	14	-2	12	2	-10	5	9
UK & Ireland	47	0	47	0	0	1	48
International Markets	40	0	40	0	-3	2	39
BNN Benelux & the Nordics	-4	3	-1	-3	0	3	-1
Global Delivery Centers	-3	-3	-6	3	0	-1	-3
Eviden	-16	2	-14	-2	0	-13	-30
Global Structures	-44	-1	-45	1	0	-1	-45
Group Total	115	0	115	0	-15	-2	98

*: at constant scope and June 2025 average exchange rates

Restatement corresponds to the transfer of Cybersecurity Services from Eviden to Atos.

Scope effects amounted to €-86 million. They related to the divesture of Worldgrid in France, International Markets (Iberia) and Germany.

Currency effects negatively contributed to revenue of -13 million. They mostly came from the depreciation of the US dollar, the Brazilian real, the Argentinian peso and the Turkish lira, partially compensated by the appreciation of the British pound.

Q1 2024 revenue at constant scope and exchange rates reconciliation

For the analysis of the Group’s performance, revenue for Q1 2025 is compared with Q1 2024 revenue at constant scope and foreign exchange rates.

Q1 2024 revenue	Q1 2024 published	Restatement	Q1 2024 restated	Internal transfers	Scope effects	Exchange rates effects	Q1 2024*
In € million	Q1 2024 published	Restatement	Q1 2024 restated	Internal transfers	Scope effects	Exchange rates effects	Q1 2024*
ATOS	2,155	118	2,273	-1	-43	22	2,251
Germany, Austria & Central Europe	385	30	416	0	-6	0	410
USA & Canada	474	20	493	0	0	15	509
France	354	20	375	-2	-30	0	343
UK & Ireland	410	9	419	0	0	10	430
International Markets	339	14	352	0	-8	-4	341
BNN Benelux & the Nordics	190	25	215	0	0	0	215
Global Delivery Centers	2	1	3	0	0	0	3
Eviden	324	-118	206	1	0	1	207
Global Structures	0	0	0	0	0	0	0
Group Total	2,479	0	2,479	0	-44	23	2,458

* at constant scope and June 2025 average exchange rates

Q2 2024 revenue at constant scope and exchange rates reconciliation

For the analysis of the Group’s performance, revenue for Q2 2025 is compared with Q2 2024 revenue at constant scope and foreign exchange rates.

Q2 2024 revenue	Q2 2024 published	Restatement	Q2 2024 restated	Internal transfers	Scope effects	Exchange rates effects	Q2 2024*
In € million	Q2 2024 published	Restatement	Q2 2024 restated	Internal transfers	Scope effects	Exchange rates effects	Q2 2024*
ATOS	2,105	116	2,220	-2	-42	-35	2,140
Germany, Austria & Central Europe	394	31	425	0	-5	0	420
USA & Canada	476	18	494	0	0	-24	470
France	331	18	350	-2	-28	0	320
UK & Ireland	380	9	389	0	0	2	391
International Markets	337	13	350	0	-8	-13	327
BNN Benelux & the Nordics	184	25	209	0	0	0	210
Global Delivery Centers	2	1	3	0	0	0	3
Eviden	381	-116	265	2	0	0	266
Global Structures	–	–	–	–	–	–	–
Group Total	2,486	0	2,486	0	-42	-36	2,407

* at constant scope and June 2025 average exchange rates

Q1 2025 and Q2 2025 revenue according to the new Group reporting structure

In € million	Q1 2025 Revenue	Q1 2024* Revenue	Organic variation*	Q2 2025 Revenue	Q2 2024* Revenue	Organic variation*
In € million	Q1 2025 Revenue	Q1 2024* Revenue	Organic variation*	Q2 2025 Revenue	Q2 2024* Revenue	Organic variation*
ATOS	1,861	2,251	-17.3%	1,742	2,140	-18.6%
Germany, Austria & Central Europe	385	410	-6.1%	382	420	-9.1%
USA & Canada	370	509	-27.3%	324	470	-31.0%
France	304	343	-11.4%	287	320	-10.2%
UK & Ireland	302	430	-29.6%	280	391	-28.4%
International Markets	290	341	-14.8%	271	327	-17.1%
BNN Benelux & the Nordics	206	215	-4.4%	196	210	-6.4%
Global Delivery Centers	2	3	-10.6%	2	3	-23.9%
Eviden	208	207	0.1%	210	266	-21.3%
Global Structures	–	–	–	–	–	–
Group total	2,068	2,458	-15.9%	1,952	2,407	-18.9%

* at constant scope and June 2025 average exchange rates

H1 2025 consolidated Profit & Loss Account

(in € million)	6 months ended June 30, 2025	6 months ended June 30, 2024
Revenue	4,020	4,964
Personnel expense	-2,115	-2,615
Non-personnel operating expense	-1,792	-2,235
Operating margin	113	115
% of revenue	2.8%	2.3%
Other operating income and expense	-566	-1,819
Operating income (loss)	-452	-1,704
% of revenue	-11.3%	-34.3%
Net cost of financial debt	-162	-73
Other financial expense	-62	-135
Other financial income	22	33
Net financial income (expense)	-202	-175
Net income (loss) before tax	-654	-1,879
Tax charge	-41	-62
Net income (loss)	-695	-1,941
Of which:
▪ attributable to owners of the parent	-696	-1,941
▪ non-controlling interests	1	0

H1 2025 Consolidated Cash Flow Statement

in € million	6 months ended June 30, 2025	6 months ended June 30, 2024
Net income (loss) before tax	-654	-1,879
Depreciation of fixed assets	134	125
Depreciation of right-of-use	99	138
Net addition (release) to operating provisions	-1	-10
Net addition (release) to financial provisions	6	28
Net addition (release) to other operating provisions	199	-55
Amortization of intangible assets (PPA from acquisitions)	12	29
Impairment of goodwill and other non-current assets	24	1 570
Losses (gains) on disposals of non-current assets	3	71
Net charge for equity-based compensation	–	3
Unrealized losses (gains) on changes in fair value and other	–	-1
Net cost of financial debt	162	73
Interests on lease liability	15	19
Net cash from (used in) operating activities before change in working capital requirement and taxes	-3	111
Tax paid	-13	-45
Change in working capital requirement	43	-1 477
Net cash from (used in) operating activities	28	-1,411
Payment for tangible and intangible assets	-93	-278
Proceeds from disposals of tangible and intangible assets	–	5
Net operating investments	-93	-273
Amounts paid for acquisitions and long-term investments	–	-10
Net proceeds from disposals of financial investments	1	-1
Net long-term financial investments	1	-11
Net cash from (used in) investing activities	-92	-284
Common stock issued	1	–
Purchase and sale of treasury stock	–	-1
Dividends paid*	–	-12
Dividends paid to non-controlling interests	–	-2
Lease payments	-122	-159
New borrowings	–	470
Repayment of borrowings	–	-10
Interests paid	-80	-53
Other flows related to financing activities	-6	-77
Net cash from (used in) financing activities	-207	155
Increase (decrease) in net cash and cash equivalents	-271	-1,540
Opening net cash and cash equivalents	1,739	2,295
Increase (decrease) in net cash and cash equivalents	-271	-1,540
Impact of exchange rate fluctuations on cash and cash equivalents	-104	4
Closing net cash and cash equivalents	1,364	759

H1 2025 Balance Sheet

(in € million)	June 30, 2025	December 31, 2024
ASSETS
Goodwill	574	653
Intangible assets	306	349
Tangible assets	524	580
Right-of-use assets	466	550
Equity-accounted investments	12	12
Non-current financial assets	98	131
Deferred tax assets	213	184
Total non-current assets	2,193	2,458
Trade accounts and notes receivable	2,190	2,435
Current taxes	90	102
Other current assets	1,340	1,510
Current financial instruments	0	2
Cash and cash equivalents	1,364	1,739
Total current assets	4,984	5,788
TOTAL ASSETS	7,176	8,246

(in € million)	June 30, 2025	December 31, 2024
LIABILITIES AND SHAREHOLDERS’ EQUITY
Common stock	19	18
Additional paid-in capital	1,887	1,887
Consolidated retained earnings	-1,302	-1,354
Net income (loss) attributable to the owners of the parent	-696	248
Equity attributable to the owners of the parent	-91	799
Non-controlling interests	1	–
Total shareholders’ equity	-91	799
Provisions for pensions and similar benefits	664	782
Non-current provisions	465	345
Borrowings	2,174	2,089
Deferred tax liabilities	138	69
Non-current lease liabilities	438	498
Other non-current liabilities	4	3
Total non-current liabilities	3,884	3,787
Trade accounts and notes payable	971	1,018
Current taxes	66	75
Current provisions	386	315
Current portion of borrowings	11	17
Current lease liabilities	190	207
Other current liabilities	1,759	2,028
Total current liabilities	3,383	3,660
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	7,176	8,246

Glossary

Operational capital employed: Operational capital employed comprises net fixed assets and net working capital but excludes goodwill and net assets held for sale.

Current and non-current assets or liabilities: A current and non-current distinction is made between assets and liabilities on the consolidated statement of financial position. Atos has classified as current assets and liabilities those assets and liabilities that Atos expects to realize, use or settle during its normal cycle of operations, which can extend beyond 12 months following the period end. Current assets and liabilities, excluding the current portion of borrowings, lease liabilities and provisions, and current financial instruments represent the Group working capital requirement.

DSO: (Days of Sales Outstanding). DSO is the amount of trade accounts receivable (including contract assets) expressed in days of revenue (on a last-in, first-out basis). The number of days is calculated in accordance with the Gregorian calendar.

Organic growth: Organic growth represents the percent growth of a unit based on a constant scope and exchange rates basis.

CAGR: The Compound Annual Growth Rate reflects the mean annual growth rate over a specified period of time longer than one year. It is calculating by dividing the value at the end of the period in question by its value at the beginning of that period, raise the result to the power of one divided by the period length, and subtract one from the subsequent result. As an example:

2019-2021 revenue CAGR = (Revenue 2021 / Revenue 2018) (1/3) -1

Operating margin: Operating margin equals to External Revenues less personnel and operating expense. It is calculated before Other Operating Income and Expense as defined below.

Other operating income and expense:

Other operating income and expense include:

the amortization and impairment of intangible assets recognized as part of business combinations such as customer relationships, technologies and goodwill
when accounting for business combinations, the Group may record provisions in the opening statement of financial position for a period of 12 months beyond the business combination date. After the 12-month period, unused provisions arising from changes in circumstances are released through the income statement under “Other operating income and expense”
the cost of acquiring and integrating newly controlled entities, including earn out with or without presence conditions
the net gains or losses on disposals of consolidated companies or businesses
the fair value of shares granted to employees including social contributions
the restructuring and rationalization expense relating to business combinations or qualified as unusual, infrequent and abnormal. When a restructuring plan qualifies for Other operating income and expense, the related real estate rationalization & associated costs regarding premises are presented on the same line
the curtailment effects on restructuring costs and the effects of plan amendments on defined benefit plans resulting from triggering events that are not under control of Atos management
the net gain or loss on tangible and intangible assets that are not part of Atos core-business such as real estate
other unusual, abnormal and infrequent income or expense such as major disputes or litigation.

Gross margin and indirect costs: Gross margin is composed of revenue less the direct costs of goods sold. Direct costs relate to the generation of products and/or services delivered to customers, while indirect costs include all costs related to indirect staff (defined hereafter), which are not directly linked to the realization of the revenue. The operating margin comprises gross margin less indirect costs.

EBITDA (Earnings Before Interest, Tax, Depreciation and Amortization): for Atos, EBITDA is based on Operating Margin less non-cash items and is referred to as OMDA (Operating Margin before Depreciation and Amortization).

OMDA (Operating Margin before Depreciation and Amortization) is calculated as follows:

Operating margin:

less – Depreciation of fixed assets (as disclosed in the “financial report”)
less – Depreciation of right of use (as disclosed in the “financial report”)
less – Net charge (release) of provisions (composed of net charge of provisions for current assets and net charge of provisions for contingencies and losses, both disclosed in the “financial report”)
less – Net charge (release) of provisions for pensions (as disclosed in the “financial report”).

OMDAL: OMDA – lease repayments.

Gearing: The proportion, expressed as a percentage of net debt to total shareholders’ equity (Group share and minority interests).

Interest cover ratio: Operating margin divided by the net cost of financial debt, expressed as a multiple.

Leverage ratio: Net debt (before changes in working capital actions and IFRS 9 fair value adjustment) / OMDAL rolling 12-months.

Operating income (loss): Operating income (loss) comprises net income (loss) before deferred and current income taxes, net financial income (expense), and share of net profit (loss) of equity-accounted investments.

Cash flow from operations: Cash flow coming from the operations and calculated as a difference between OMDA, net capital expenditures, lease payment and change in working capital requirement.

Net cash or net debt: Net cash or net debt comprises total borrowings (bonds, short term and long-term loans, securitization and other borrowings), short-term financial assets and liabilities bearing interest with maturity of less than 12 months, less cash and cash equivalents. Liabilities associated with lease contracts and derivatives are excluded from the net debt.

Free Cash Flow (FCF): The Free Cash Flow represents the change in net cash or net debt, excluding capital increase, share buyback, dividends paid to shareholders and non-controlling interests, net acquisition or disposal of companies.

Earnings (loss) per share (EPS): Basic EPS is the net income (loss) divided by the weighted-average number of common shares outstanding during the period. Diluted EPS is the net income (loss) divided by the diluted weighted-average number of common shares for the period (number of shares outstanding + dilutive instruments with dilutive effect).

Revenue: Revenue related to Atos’ sales to third parties (excluding VAT).

TCV (Total Contract Value): The Total Value of a Contract at signature (prevision or estimation) over its duration represents the firm order and contractual part of the contract excluding any clause on the decision of the client, as anticipated withdrawal clause, additional option or renewal.

Order entry/bookings: The TCV, orders or amendments signed during a defined period. When an offer is won (contract signed), the total contract value is added to the backlog and the order entry is recognized.

Book-to-bill: The Book-to-Bill is the ratio expressed in percentage of the order entry in a period divided by revenue of the same period.

Backlog/Order cover: The value of signed contracts, orders and amendments that remain to be recognized over their contract lives.

Pipeline: The value of revenues that may be earned from outstanding commercial proposals issued to clients. Qualified pipeline applies an estimated percentage likelihood of proposal success.

Direct Staff: Direct staff includes permanent staff and subcontractors, whose work is billable to a third party.

Indirect staff: Indirect staff includes permanent staff or subcontractors, who are not billable to clients. Indirect staff is not directly involved in the generation of products and/or services delivered to clients.

Disclaimer

This document contains forward-looking statements that involve risks and uncertainties, including references, concerning the Group’s expected growth and profitability in the future which may significantly impact the expected performance indicated in the forward-looking statements. These risks and uncertainties are linked to factors out of the control of the Company and not precisely estimated, such as market conditions or competitors’ behaviors. Any forward-looking statements made in this document are statements about Atos’s beliefs and expectations and should be evaluated as such. Forward-looking statements include statements that may relate to Atos’s plans, objectives, strategies, goals, future events, future revenues or synergies, or performance, and other information that is not historical information. Actual events or results may differ from those described in this document due to a number of risks and uncertainties that are described within the 2024 Universal Registration Document filed with the Autorité des Marchés Financiers (AMF) on April 10, 2025 under the registration number D.25-0238. Atos does not undertake, and specifically disclaims, any obligation or responsibility to update or amend any of the information above except as otherwise required by law.

This document does not contain or constitute an offer of Atos’s shares for sale or an invitation or inducement to invest in Atos’s shares in France, the United States of America or any other jurisdiction. This document includes information on specific transactions that shall be considered as projects only. In particular, any decision relating to the information or projects mentioned in this document and their terms and conditions will only be made after the ongoing in-depth analysis considering tax, legal, operational, finance, HR and all other relevant aspects have been completed and will be subject to general market conditions and other customary conditions, including governance bodies and shareholders’ approval as well as appropriate processes with the relevant employee representative bodies in accordance with applicable laws.

About Atos Group

Atos Group is a global leader in digital transformation with c. 70,000 employees and annual revenue of c. € 10 billion, operating in 67 countries under two brands — Atos for services and Eviden for products. European number one in cybersecurity, cloud and high-performance computing, Atos Group is committed to a secure and decarbonized future and provides tailored AI-powered, end-to-end solutions for all industries. Atos is a SE (Societas Europaea) and listed on Euronext Paris.

The purpose of Atos is to help design the future of the information space. Its expertise and services support the development of knowledge, education and research in a multicultural approach and contribute to the development of scientific and technological excellence. Across the world, the Group enables its customers and employees, and members of societies at large to live, work and develop sustainably, in a safe and secure information space.

Contact

Investor relations: investors@atos.net

Individual shareholders: +33 8 05 65 00 75

Media relations: globalprteam@atos.net

1 Excluding change in Working Capital Actions

2 Excluding change in Working Capital Actions

3 At Dec 31, 2024 currency

4 At constant currency

5 Defined as Operating Margin before Depreciations, Amortization and Leases

Attachment

Atos Group – 2025 08 01 – H1 2025 Results – PR

The MIL Network –

August 5, 2025

Reinvigorate ‘Made in India’ as hallmark of unquestionable quality amid US tariffs: SBI report

Source: Government of India

Source: Government of India (4)

The imposition of 25 per cent tariff on India with penalty is a “bad business decision” but the mysterious forces of global supply chain will auto adjust and cushion the impact, and Indian businesses and firms would do well to reinvigorate the ‘Made in India’ as a hallmark of unquestionable quality, an SBI Research report said on Friday.

Not surprisingly, the US GDP, inflation and currency face a greater risk of downgrades compared to India, the report noted.

Though the US is India’s top exporter (20 per cent in FY25), India has diversified its export destinations, and the top 10 countries only accounted for 53 per cent of total exports.

The top 15 items exported to the US accounted for 63 per cent of total exports. Electronics, gems and jewellery, pharmaceuticals and nuclear reactors and machinery account for 49 per cent of India’s exports to the US.

The earlier tariff imposed by the US on such articles varied from 0 per cent (on diamonds, smartphones, pharma products, among others) to a maximum of 10.8 per cent (other bed linen of cotton). Now all of them will face a 25 per cent tariff.

“Exports of smartphones and photovoltaic cells to the US have seen a spurt by the PLI scheme of the government, and rationalisation of the GST on cut and polished diamonds has pushed gems and jewellery exports to the US. For the other products, it’s the robust demand from the US that led to higher exports, according to the SBI report.

India has been a cornerstone of the global supply chain for affordable, high-quality and availability of essential medicines, particularly life-saving oncology drugs and antibiotics.

In the generic drug market, India supplies nearly 47 per cent of the pharmaceutical needs of the US. If the US shifts manufacturing and API production to other countries or domestic facilities, it will take a minimum of 3-5 years for meaningful capacity. So, the tariff rise may lead to drug shortages and price increases for American citizens.

As the US accounts for 40 per cent of India’s pharma exports, if a 25 per cent tariff continues, it may hit earnings of pharma companies by 2-8 per cent in FY26, as many big pharma companies’ revenue from the US stood in the range of 40-50 per cent.

Further, the tariff will reduce competitiveness in the world’s largest pharma market and the profit margins pressure due to the inability to pass on costs, the report noted.

“When we map the sectors with most favoured nation (MFN) tariffs imposed by India on the corresponding imports from the US, the average MFN tariff comes to around 20 per cent. Certain sectors like Automobile, FMCG, alcoholic beverages and tobacco, electrical equipment, textile and consumer durables stand out as the tariff applied is 15 per cent or more. The Indian government can think of reducing the tariffs in such sectors,” the SBI report suggested.

(IANS)

August 5, 2025
MIL-OSI Russia: Financial news: On changes in risk parameters in the stock market and deposit market

Translation. Region: Russian Federal

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

From August 1, 2025, by decision of the NCO NCC (JSC), the lower maximum value of the deviation of bid prices PcL_max on the stock market and deposit market will change:

No. Trade code Name The current value of the PcL_max parameter New value of the PcL_max parameter

1 Sago Samara-ao 0.22 0.1

2 Sagop SamaraN-up 0.22 0.1

Contact information for media 7 (495) 363-3232Pr@moex.kom

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

.

MIL OSI Russia News –

August 5, 2025
MIL-OSI Russia: Financial news: On the cancellation of the Exchange’s decision

Translation. Region: Russian Federal

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

In accordance with the Listing Rules of Moscow Exchange PJSC, the Chairman of the Management Board made the following decision on July 31, 2025:

cancel the decision of 31.07.2025 (HTTPS: //VVV. MOEX.Kom/nya2456? NT = 104) “On Amending the Decision on Determining the Start Date of Trading”, in Connection with the Completion of the Placement (HTTPS: //vv.) exchange-traded interest-bearing non-convertible book-entry bonds of series BO-01 of Limited Liability Company “AgroDom” (registration number of the issue 4B02-01-00171-L dated 20.08.2024, trade code RU000A109AU3).

Contact information for media 7 (495) 363-3232Pr@moex.kom

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

.

MIL OSI Russia News –

August 5, 2025
MIL-OSI Russia: China Development Bank issues its first loan to Kazakhstan Temir Zholy for the purchase of locomotives

Translation. Region: Russian Federal

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

An important disclaimer is at the bottom of this article.

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

BEIJING, Aug. 1 (Xinhua) — China Development Bank (CDB) recently issued its first loan of 180 million yuan (about 25.18 million U.S. dollars) for Kazakhstan Temir Zholy (KTZ)’s project to purchase 200 locomotives, thanks to which the first batch of locomotives has been delivered and put into operation, Zhongxinwang reported on Thursday, citing a source in the bank.

In February this year, a banking consortium founded by the CDB and the Import-Export Bank of China signed an agreement with Kazakhstan’s state-owned transport and logistics holding KTZ to provide it with a loan of 3.56 billion yuan, which was to be used to purchase 200 locomotives from the Chinese company CRRC Co., Ltd.

With the exchange rate-linked advantages of cross-border financing of the Chinese national currency Renminbi, the Kazakh enterprise was offered a highly efficient and low-cost financing option, the CDB noted.

Successful implementation of this project will effectively increase the capacity of railway transportation in Kazakhstan, the bank added.

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

.

MIL OSI Russia News –

August 5, 2025
MIL-OSI United Kingdom: Operation Cloud and Advance Unite to Tackle Illicit Trade and Anti-Social Behaviour
Source: City of Birmingham

A coordinated enforcement operation between Birmingham City Council’s Trading Standards team and West Midlands Police has led to the seizure of a significant quantity of illegal goods.
The action forms part of the ongoing Operation Cloud and the force-wide Operation Advance, both aimed at tackling crime, anti-social behaviour, and the sale of illicit products across the city.

The raid, which took place earlier this month at multiple commercial premises and associated vehicles in Birmingham, resulted in the seizure of:

40 large nitrous oxide canisters and related paraphernalia

More than 780 illicit vapes

1,980 illicit and counterfeit cigarettes

More than 115 packets of oral snuff/smokeless tobacco

Nearly 50 unsafe counterfeit inflatable toys

125 sachets of unlicensed erectile dysfunction medicine

A concealed compartment was also discovered at one of the premises which contained a large quantity of nitrous oxide cannisters and illicit tobacco. A male suspect was also arrested at the scene.

This latest enforcement builds on the success of Operation Cloud, which has been active since September 2024 and has already removed nearly £7 million worth of illegal goods from circulation. The operation targets the sale of illicit vapes, nitrous oxide, counterfeit tobacco, and other harmful products that pose serious risks to public health and safety.

Last week’s action also forms part of Operation Advance, West Midlands Police’s force-wide initiative delivering 24 hours of high-impact policing activity. Officers from across departments joined forces with the Council’s Trading Standards teams to disrupt criminal activity, enforce public space protection orders, and reassure communities through high-visibility patrols.

Councillor Jamie Tennant, Cabinet Member for Social Justice, Community Safety and Equalities, said: “This joint operation is a powerful demonstration of what we can achieve through partnership. Illegal goods like these are not only dangerous to health—especially for young people—but also fuel wider criminality and anti-social behaviour. We will continue to take robust action to protect our communities and uphold the law.

“These products are often sold without any regard for safety standards, and in many cases, are deliberately marketed to appeal to children and teenagers. The presence of such goods in our neighbourhoods undermines community wellbeing and contributes to a cycle of harm that affects families, schools, and local businesses.

“Through Operation Cloud and Operation Advance, we are sending a clear message: Birmingham will not tolerate the illegal trade of harmful products. We are committed to working with our partners to make our city safer, cleaner, and more resilient for everyone.”

Ch Supt Tom Joyce, of Birmingham Police, said: “This was a fantastic day of really high-profile activity, using everyone from neighbourhood officers, to intelligence, traffic, firearms, gangs officers, investigators and more.

“The activity is designed to be really visible and reassuring, while making a real impact in communities across the whole city.

“This is all about making our town centres safe and welcoming for everyone, while making them hostile places for anyone wanting to commit crime.

“Advance will be returning to Birmingham later in the year when we will be out in full force again to have that significant impact that using teams from across the West Midlands brings.

“In the meantime, Birmingham officers will continue working 24/7 to make the city safer and help and support people when they need us most.”

The Council is now pursuing a closure order for the premises under the Anti-Social Behaviour, Crime and Policing Act 2014. This follows the recent enforcement of the national ban on single-use vapes, which came into effect on 1 June 2025.

Birmingham’s Trading Standards team has already seized over 14,000 illegal or non-compliant vapes since the launch of Operation Cloud.

Residents are encouraged to report any suspicious activity or sales of illegal goods via by contacting the Council’s Trading Standards team on 0121 303 9360 or the West Midlands Police on 101.
MIL OSI United Kingdom –
August 5, 2025
MIL-OSI USA: Senator Marshall: Interest Rates Need to Come Down

US Senate News:

Source: United States Senator for Kansas Roger Marshall

Senator Marshall Joins Fox Business to Discuss Interest Rates and Trade Deals
Washington – On Thursday, U.S. Senator Roger Marshall, M.D. (R-Kansas), joined Fox Business to discuss the Federal Reserve’s refusal to lower interest rates, and how the President’s trade strategy isn’t harming Americans but will get us leverage on our geo-political rivals.

Click HERE or on the image above to watch Senator Marshall’s full interview
On the Federal Reserve not raising interest rates:
“Well, I wasn’t surprised, because there’s a reason that President Trump calls him Jerome ‘Too Late’ Powell. Let’s go back to March of 2021, and Jerome Powell says inflation is going to be transitory. It’s 18 months later, and it’s just starting to peak, and it’s not a couple months after that before it starts coming down. So, he is indeed always too late.
“And let me put an exclamation point behind what President Trump is saying. To that average Kansas farmer back home, they have an operation loan of a million dollars. We saw interest rates on those loans go from 2% to 9% and that’s what caused a record drop in net farm income. So, he’s right. Every point matters. And I’m not saying we should drop at two or three points, but dropping at a quarter point or a half point, come on. I think that the economy would dictate that. Now we don’t know what’s holding up Jay Powell, except he’s always too late.”
On the real impact of the trade deals President Trump has secured:
“Well, I’m going to trust Michelle Bowman, of course. She’s from Council Grove, Kansas, but let’s just think about this for a second. Of all the goods that Americans consume, only about 11% of them are imported. Only 11%. So, let’s just suppose there’s a 10% tariff on 11% of what we consume. Well, my little math says that’s going to be a 1.1% increase, assuming that’s all passed along to the consumer, and you know, it’s not going to. So, I think that these tariffs could cause a one-time hit of one or 2%, but I think the manufacturers are going to absorb a lot of that. The wholesalers are going to absorb a lot of that as well.
“And meanwhile, we’re trying to balance this trillion-dollar trade deficit. So, I think President Trump is right on task. Look at what he’s doing; Cambodia and Thailand today, he’s surrounded China. He’s got Indonesia done, Japan, Australia, Vietnam, the Philippines, [and] South Korea. So, he’s going to push China. They’ve got till August. The 12th is their deadline, I believe. So, President Trump is doing a good job.”

MIL OSI USA News –

August 5, 2025
MIL-OSI Africa: United Nations (UN) Tourism/ International Civil Aviation Organization (ICAO) Ministerial Summit calls for enhanced cooperation to unlock Africa’s growth
Source: APO

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Jointly organized by UN Tourism, the International Civil Aviation Organization (ICAO), and the Government of Angola, the high-level event drew more than 300 international delegates around the theme “Accelerating Synergies for Resilient and Sustainable Growth”. The three-day conference, focused on strengthening the alignment between two of Africa’s fastest-growing sectors: tourism and air transport. Both are critical enablers for job creation, innovation, and greater regional mobility.

In his opening remarks, UN Tourism Secretary-General Zurab Pololikashvili said: “Tourism and air transport are not just engines of growth, they are pathways to empowerment, opportunity, and transformation, through strategic leadership and innovation, Africa’s potential can become its reality.” He urged decisive policy action to remove the barriers holding African tourism back.

H.E Daniel Marcio, Angola’s Minister of Tourism said “Angola is proud to host such a landmark event, which positions Angola as a regional hub for dialogue and action. Tourism is a key pillar of our national strategy for inclusive development, job creation, and cultural promotion.”

In his intervention, H.E Mr. Ricardo de Abreu, Angola’s Minister of Transport, emphasized the importance of infrastructure and regulatory reform: “We must build air transport systems that are not only modern and efficient but also accessible and responsive to the needs of our people. Connectivity within Africa is essential to realizing the continent’s economic potential.”
ICAO Council President Salvatore Sciacchitano commended the initiative’s collaborative spirit: “Tourism and aviation must grow hand in hand. Through shared vision and policy coherence, we can drive sustainable development, enhance safety and security, and ensure no country is left behind.”

Connectivity, Policy Reform, Investment

The Luanda Conference placed a strong emphasis on advancing Africa’s tourism and air transport sectors through enhanced connectivity, regulatory reform, and cross-sector collaboration. Delegates agreed that aligning aviation and tourism policies is vital to unlocking the continent’s potential, particularly through open skies agreements, cohesive infrastructure planning, and public-private investment. A central focus was also placed on simplifying visa processes, promoting joint destination marketing, and removing travel barriers to stimulate intra-African tourism.

The Conference began with an expert-led workshop featuring technical sessions on innovation, connectivity, investment, and regional integration. Participants explored how technologies like AI and digital platforms can improve service delivery, while also identifying new funding models to expand infrastructure. In-depth discussions addressed how frameworks such as the African Continental Free Trade Area (AfCFTA) and the Single African Air Transport Market (SAATM) can support harmonized policies and boost regional mobility.

Ministerial Discussions and Commitments

Over two days of ministerial sessions, high-level officials focused on aligning policy frameworks, driving innovation for inclusive growth, ensuring equitable access to travel, and building resilient transport and tourism systems. The Conference concluded with the formal adoption of the Luanda Ministerial Statement—an affirmation of Africa’s collective commitment to developing a seamless, sustainable, and integrated travel ecosystem.

Luanda Ministerial Statement

Ministers, leaders of delegations and delegates present pledged to:
- Modernize tourism and aviation infrastructure with support from both public and private investment.
- Deepen partnerships with key institutions including ICAO, UN Tourism, IATA, AFRAA, AFCAC, and others.
- Advance mobility reforms through simplified and more affordable visa regimes, fast-track procedures, and longer-validity multi-entry visas.
- Promote intra-African tourism, including joint destination marketing and greater collaboration with the private sector.
- Empower youth and women through skills training, entrepreneurship support, and educational initiatives focused on the tourism and aviation sectors.
This 2nd conference came at a time of record momentum for African tourism. The continent welcomed 74 million international arrivals in 2024, a 7% increase over 2019 and 12% more than in 2023, signalling strong recovery and renewed global interest in African destinations.

Distributed by APO Group on behalf of World Tourism Organization (UN Tourism).

MIL OSI Africa –
August 5, 2025
MIL-OSI Russia: The SPbPU PISh team received a patent for an igniter for reactors of oil and gas processing plants

Translation. Region: Russian Federal

Source: Peter the Great St. Petersburg Polytechnic University –

An important disclaimer is at the bottom of this article.

The team of the Scientific and Educational Center “Digital Engineering of the Main Equipment of Chemical-Engineering Systems” of the Advanced Engineering School of Peter the Great St. Petersburg Polytechnic University “Digital Engineering” successfully completed the development and received a patent for an ignition device for reactors of oil and gas processing plants.

Patent for invention RU 2842893 C1 was registered by the Federal Service for Intellectual Property on July 3, 2025.

Leading industry research centers and strategic industrial partners of SPbPU have shown significant interest in the development. The partners of the invention were JSC TsKBM (part of the State Corporation Rosatom), LLC NTC Gazconsulting, and the Federal Research Center of Chemical Physics named after N. N. Semenov of the Russian Academy of Sciences.

Among the ultimate stakeholders in the innovative device is JSC Research Institute of Scientific Production Association LUCH (part of the State Corporation Rosatom).

Developers of ignition devices for reactors of oil and gas processing plants:

Borovkov Aleksey Ivanovich, chief designer in the key scientific and technological direction of development of St. Petersburg SPBPU “System Digital Engineering”, director of the advanced engineering school of SPBPU “Digital Engineering”;
Rozhdestvensky Oleg Igorevich, head of the Office of Technological Leadership of St. Petersburg State University;
Aristovich Yuri Valerievich, expert NOC “Digital Engineering of the Basic Equipment of Chemical and Technological Systems” Pish SPBPU;
Oganesyan Grach Varuzhanovich, chief specialist and researcher of Nutz “Digital Engineering of Basic Equipment of Chemical and Technological Systems” Pisch SPBPU;
Mikheeva Valeria Yuryevna, engineer NOC “Digital Engineering of Basic Equipment of Chemical and Technological Systems” Pisch SPBPU;
Nikolaeva Valery Andreevna, engineer NOC “Digital Engineering of the Basic Equipment of Chemical and Technological Systems” Pisch SPBPU;
Ivanov Vladislav Sergeevich, Deputy Director of the Federal Research Center of Chemical Physics named after N. N. Semenova RAS for scientific work;
Frolov Sergey Mikhailovich, head of the combustion department and explosion and head of the laboratory of the detonation of the Federal Research Center for Chemical Physics named after N. N. Semenova RAS;
Vasiliev Nikolay Dmitrievich, chief designer for remotely controlled and transport and technological equipment of JSC “Central Design Bureau”;
Marinchenko Nikita Aleksandrovich, head of the project office in shipbuilding and hydrogen energy of JSC “Central Design Bureau”;
Bondarchuk Dmitry Vitalyevich, commercial director of NTC Gazksonsalting LLC.

A critical production problem is to ensure reliable ignition of burner devices of complex process equipment, for example, an autothermal reforming reactor, during its start-up. Unsuccessful ignition can lead to the formation of explosive concentrations of a flammable mixture in subsequent elements of the process chain. This, in turn, can provoke uncontrolled exothermic reactions and, as a consequence, emergency situations with potential damage to equipment and personnel. The developed product provides a radical solution to the problem, guaranteeing stable and reliable ignition, – said the responsible executor of the development, an expert of the Scientific and Educational Center “Digital Engineering of the Main Equipment of Chemical-Engineering Systems” of the St. Petersburg Polytechnical School Yuri Aristovich.

The ignition device is a structurally and functionally unified device – a complex technical system in which all components are interconnected and jointly implement the function of igniting the combustible mixture. The device contains a housing, an oxidizer supply pipe and a combustible gas supply pipe, a spark plug, valves of the oxidizer supply pipe and the combustible gas supply pipe, an outlet pipe. The housing contains a cylindrical mixing chamber, the inputs of the oxidizer supply pipe and the combustible gas supply pipe are located in the part of the mixing chamber that is most distant from the outlet pipe.

The oxidizer feed pipe is connected to the housing so as to feed the oxidizer in the tangential direction, and the combustible gas feed pipe is connected so as to feed the combustible gas in the radial direction. The inlet openings of the pipes in the housing are made so as to ensure critical gas outflow. The dimensions of the inlet openings are reasonably selected so that when the back pressure changes, the flow rates of the combustible gas and oxidizer change proportionally, the diameter of the outlet pipe is from 10 to 50% of the diameter of the mixing chamber. The technical result is an increase in the reliability of the device.

The ignition device is designed to operate in a short-pulse mode. This ensures reliable ignition at low thermal loads in a wide range of pressures (from 1 to several tens of atmospheres). The device forms and directs small volumes of flame – fire ellipses of a certain size and at a given speed. Ignition charges ensure reliable ignition of the main burner, minimizing the thermal load on the outflow zone and the ignition device body, which significantly simplifies the reactor design and its startup procedure.

The task of developing an igniter within the established deadlines seemed extremely difficult. Initially, it was assumed that the system would be implemented with a developed cooling infrastructure and multi-component thermal protection, which is due to the extremely high operating temperatures that significantly exceed the parameters of standard devices. The specifics of the reactor excluded the possibility of using serial solutions. Alternative options were considered, including the use of pyrotechnic cartridges, but this approach was recognized as suboptimal in terms of manufacturability and operational safety. As a result, an original, reliable and safe igniter was created that meets all the requirements. The developed device demonstrates high potential for use not only within the framework of this project, but also in other industries that require reliable systems for initiating processes in high temperatures and aggressive environments, added Nikolay Vasiliev, Chief Designer for Remotely Controlled and Transport and Technological Equipment at JSC TsKBM.

Chief designer for the key scientific and technological development area of SPbPU “Systemic Digital Engineering”, director of the Advanced Engineering School of SPbPU “Digital Engineering” Alexey Borovkov spoke about the key success factor: “At the beginning of the work, none of the authors of the development could foresee the final result of creating a science-intensive and high-tech product. By combining the knowledge, experience and competencies of scientists, engineers and designers from various fields of knowledge and industries, we managed to form a unique multidisciplinary team and obtain impressive results. Of course, this is a logical result of the application of systemic digital engineering technologies, including the technology of developing digital twins, mathematical and computer modeling of non-stationary nonlinear physical-mechanical and physical-chemical processes of the behavior of a high-tech product.

The development of a complex technical system is based on the effective application of the created multidisciplinary digital model [ 1, 2, 3 ], which is a system of interconnected mathematical and computer models describing combustion kinetics, chemical thermodynamics of free-radical reactions, dynamics of vortex flows at supercritical parameters of substances and non-stationary nonlinear thermomechanics. Numerous digital (virtual) tests and the necessary full-scale tests made it possible to carry out verification [ 1, 2 ] and validation [1, 2] developed models, to raise the level adequacy of models and descriptions of complex processes confirmed the efficiency and reliability of the developed high-tech product.

With the help of approaches, technologies and methods of system digital engineering, the formed innovative scientific and technical groundwork and on the basis of the digital platform for the development and application of digital twins CML-Bench® [ 1, 2 ] our team implemented all stages of creating a finished industrial product in record time: development and design took only 2 months, manufacturing and testing – 3 months. It is fundamentally important to note that traditional approaches are not capable of ensuring such a high speed of implementation of science-intensive and high-tech projects for the development of complex technical systems.”

In conclusion, we note that the results of the development of the ignition device have made a significant contribution to the formation of a scientific and technological reserve for the creation digital (virtual) testing ground for burner devices. The development of a digital test site is one of the most important final goals of a large-scale project to develop new generation burner devices for pyrolysis furnaces, implemented within the framework of the key scientific and technological direction (KNTD-1) of the development of SPbPU “Systemic Digital Engineering” within the framework of the “Priority-2030” program.

The project within the framework of KNTN-1 provides for the definition of approaches to mathematical and computer modeling of new burner devices, development matrices requirements, target indicators and resource constraints, creation of a series of computer models of the prototype (primary, refined, detailed, optimized), conducting full-scale tests of a pilot industrial model of a burner device for validations computer model, development of design documentation and implementation into production.

Let us recall that in June 2025, specialists from the Scientific and Educational Center “Digital Engineering of the Main Equipment of Chemical-Engineering Systems” of the SPbPU PISh presented This project and the Center’s expertise in developing burner devices at the Gazprom Neft site, one of the leaders in the oil and gas industry and petrochemical industry in Russia.

Methodological support and the process of registering the right to the intellectual property object of the igniter were provided by Center for Transfer and Import Substitution of Advanced Digital and Manufacturing Technologies SPbPU.

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

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MIL OSI Russia News –

August 5, 2025
MIL-OSI Russia: The Polytechnic University summed up the results of the competition “Best Teacher in the Eyes of Students-2025”

Translation. Region: Russian Federal

Source: Peter the Great St. Petersburg Polytechnic University –

An important disclaimer is at the bottom of this article.

At the initiative of the student community, the Polytechnic University traditionally held the “Best Teacher through the Eyes of Students” competition from June 5 to July 12.

The competition has been held at the university since 2021 and this year it celebrated a small anniversary – five years. As usual, students nominate teachers for participation in the competition who, from their point of view, best meet such approved criteria as “Personal interest in the subject”, “Openness to everything new”, “Pedagogical excellence”, “Culture of interaction with students”, “Commitment to the traditions of the Polytechnic University”, etc. However, this year, only graduating students who received their diplomas this year could vote for teachers. For each of the nine criteria of the competitive selection, the students had to nominate only one teacher.

“Our university is changing, and the rules for the “Best Teacher in the Eyes of Students” competition are changing along with it,” explained SPbPU Vice-Rector for Educational Activities Lyudmila Pankova. “In this anniversary year for the competition, it was important for us to find out which teachers remain in the hearts of graduates leaving the university on their way to a new, big life.”

Perhaps the most important change in the rules of the competition was that student voting was transferred to the Telegram bot “Digital Pelican” of the Trade Union of Students of SPbPU.

“We think it is important that our students have taken responsibility not only for developing the evaluation criteria for the competition, but also for its implementation,” noted Elena Zima, Director of the Education Quality Center. “This significant step in improving the competition procedure will increase the university students’ confidence in the competition results and their involvement, which will undoubtedly contribute to improving the overall culture of education quality at the Polytechnic.”

494 Polytechnic graduates took part in the voting. The winners and prize winners were 10 teachers from seven institutes: GI, IBSiB, IKNK, IPMEiT, IFiM, IFKSiT, IE. All of them will receive cash prizes. The results of the competition are also taken into account in the rating of the faculty. The award ceremony for teachers will traditionally take place on Knowledge Day, September 1.

The winners of the competition in the nomination “Best of the Best” were:

Anton Pavlovich Shaban (IPMEiT); Sergey Aleksandrovich Vazhnov (IE); Elmira Alyarovna Nazarova (IPMEiT).

Full list of winners and prize winners of the competition posted on the website of the Center for Education Quality.

Congratulations to the winners! We wish you creative success, new discoveries and new victories!

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

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MIL OSI Russia News –

August 5, 2025

No.	Trade code	Name	The current value of the PcL_max parameter	New value of the PcL_max parameter
1	Sago	Samara-ao	0.22	0.1
2	Sagop	SamaraN-up	0.22	0.1

Category: Trade

British steelmakers regain access to EU market

Secretary of State for Business and Trade, Jonathan Reynolds said:

EU Relations Minister Nick Thomas-Symonds said:

Gareth Stace UK Steel said:

British Steel Chief Commercial Officer (interim) Lisa Coulson said:

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