Category: Transport

  • MIL-OSI Africa: Top African and Global Voices in Technology to Speak at Africa Tech Festival 2025

    Source: APO – Report:

    .

    Africa Tech Festival (www.AfricaTechFestival.com), the longest running and most influential tech event on the continent, has announced the first wave of 25 headline speakers for its 2025 edition, bringing together influential voices from global tech, government, and business who are driving the growth and transformation of Africa’s digital economy.

    The 2025 speaker line-up features some of the most influential voices in global technology and African business leadership. Among them is Bernardo Mariano Junior, Assistant Secretary-General and Chief Information Technology Officer at the United Nations, who brings a global governance perspective to digital development. Mark Elliott, President for Africa at Mastercard, will offer insights into advancing inclusive finance across the continent. Representing the frontier of artificial intelligence, Emmanuel Lubanzadio, Senior Director and Head of Africa at OpenAI, will contribute to conversations around AI adoption and policy readiness in African markets.

    Also speaking is Odunayo Eweniyi, a prominent tech entrepreneur and investor, serving as Co-Founder and Chief Operating Officer of PiggyVest and General Partner at First Capital, who will share perspectives on fintech growth and funding in Africa. From the telecoms and enterprise space, Tumi Chamayou, Chief Enterprise Business Officer at MTN South Africa, and Ravi Bhat, Chief Technology and Solutions Officer at Microsoft Africa, will explore enterprise innovation and the role of strategic partnerships in enabling digital infrastructure.

    They will be joined by senior decision-makers from across the public and private sectors, including technology and strategy executives from African Bank, Transnet, Cell C, Telkom, the Department of Public Service and Administration of South Africa, and Hewlett Packard Enterprise. Together, these leaders represent a broad spectrum of industries and expertise, united by a common goal: to drive forward Africa’s digital transformation.

    Africa Tech Festival 2025 will be held in Cape Town from 11 to 13 November. The conference will feature a structured programme built around four core tracks: AfricaCom, AfricaTech, AfricaIgnite, and The AI Summit Cape Town. Each track is designed to address key areas of technological advancement and policy development across the continent. This year’s agenda is also framed by four central themes: Responsible Innovation, Inclusive Investment, Connectivity for Development, and Policy Harmonisation. These themes reflect the Festival’s commitment to providing a platform for examining the challenges and opportunities shaping Africa’s digital economy.

    “We’re excited to share a speaker roster that truly represents the diversity of experience shaping Africa’s tech future,” said Kadi Diallo, Portfolio Manager for Africa Tech Festival. “These are individuals who are actively working to improve systems, close gaps, and build digital infrastructure that works for everyone.”

    “This year, you’ll also notice a bold new look and feel as we unveil our refreshed branding. It marks the start of a new era for the Africa Tech Festival—one that reflects the scale, ambition, and innovation of the continent’s thriving tech ecosystem.”

    Following the success of 2024, Africa Tech Festival will continue to provide in-depth discussions on national digital strategies, economic growth, infrastructure, and public-private collaboration. Although a formal partnership with the Department of Communications and Digital Technologies (DCDT) is still under consideration, last year’s engagement with senior government officials led to meaningful policy dialogue. Now in its third decade, the Festival remains a key platform for shaping Africa’s digital transformation through informed debate, investment, and strategic partnerships.

    Further programme details and additional speakers will be announced in the weeks ahead.

    Registration for Africa Tech Festival 2025 is now open and can be completed via the official portal here (https://apo-opa.co/450ROWS).

    – on behalf of Africa Tech Festival.

    About Africa Tech Festival:   
    Now in its 28th edition, Africa Tech Festival 2025 will take place from 11 to 13 November 2025 at the Cape Town International Convention Centre (CTICC), bringing together over 15,000 technology leaders, policymakers, investors, startups, and visionaries. The festival encompasses four anchor events:

    • AfricaCom – The continent’s largest telecoms and connectivity event
    • AfricaTech – The hub for technology, innovation, and enterprise growth
    • AfricaIgnite – Driving growth and impact in Africa’s startup ecosystem
    • The AI Summit Cape Town – Where commercial AI comes to life
       

    With over 500 speakers, 300 exhibitors, and multiple networking opportunities, Africa Tech Festival remains the largest and most influential tech event on the continent.

    MIL OSI Africa

  • Alcaraz joins list of marquee withdrawals from Canadian Open

    Source: Government of India

    Source: Government of India (2)

    orld number two Carlos Alcaraz has joined the list of big names skipping next week’s Canadian Open in Toronto with the Spaniard saying he needs to focus on recovering from muscle issues after losing to Jannik Sinner in the Wimbledon final.

    The 22-year-old won the Italian Open, French Open and Queen’s Club titles before Sinner brought his 24-match winning streak to a halt at the All England Club earlier this month.

    “After many consecutive weeks of competition without rest, I will not be able to play in Toronto this year,” the five-times Grand Slam champion wrote on social media on Monday.

    “I have small muscle issues and need to recover physically and mentally for what comes next. To the tournament and my fans in Canada I am very sorry, I will see you next year.”

    The U.S. Open tune-up event will now be without four of the world’s top six men’s players after Sinner, Novak Djokovic and Jack Draper also opted out.

    World number one Sinner said he needed to prioritise his health, number five Draper is out with an arm injury and number six Djokovic is dealing with a groin problem that he sustained during his run to the Wimbledon semi-finals.

    The Canadian Open starts on Sunday and runs until August 7.

    The U.S. Open begins on August 24.

    (Reuters)

     

  • PM Modi wishes good health to Jagdeep Dhankhar

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi on Tuesday wished Jagdeep Dhankhar good health following his resignation as the Vice President of India.

    In a post on X, PM Modi said, “Shri Jagdeep Dhankhar Ji has got many opportunities to serve our country in various capacities, including as the Vice President of India. Wishing him good health.

    On Monday, Vice President Dhankhar resigned from the office, citing health concerns and medical advice.

    In his resignation letter to President Droupadi Murmu, Dhankhar said, “To prioritise health care and abide by medical advice, I hereby resign as the Vice President of India, effective immediately.”

    The 72-year-old, who also served as Chairman of the Rajya Sabha, expressed gratitude to the President for her “unwavering support” and the “wonderfully harmonious working relationship” they shared during his tenure.

    Thanking Prime Minister Narendra Modi and the Council of Ministers, Dhankhar said, “Prime Minister’s cooperation and support have been invaluable, and I have learned much during my time in office.”

    He also acknowledged the trust and warmth extended by Members of Parliament, calling it a “cherished memory.”

    Reflecting on his time in office, Dhankhar said it had been a privilege to witness India’s economic growth and transformation. “Serving in this transformative era of our nation’s history has been a true honour,” he noted. “As I leave this esteemed office, I am filled with pride in Bharat’s global rise and phenomenal achievements and hold unwavering confidence in her brilliant future.”

    Dhankhar’s resignation came on the first day of the Monsoon Session of Parliament.

  • MIL-OSI Europe: July 2025 euro area bank lending survey

    Source: European Central Bank

    22 July 2025

    • Credit standards for firm loans remained broadly unchanged
    • Credit standards tightened slightly for housing loans and more markedly for consumer credit
    • Housing loan demand continued to increase strongly, while demand for firm loans remained weak

    According to the July 2025 bank lending survey (BLS), euro area banks reported broadly unchanged credit standards – banks’ internal guidelines or loan approval criteria – for loans or credit lines to enterprises in the second quarter of 2025 (net percentage of banks of -1%; Chart 1). Banks also reported a slight net tightening of credit standards for loans to households for house purchase (net percentage of 2%) and a more pronounced net tightening for consumer credit and other lending to households (net percentage of 11%). For credit standards on loans to firms, the net percentage was smaller than banks had expected in the previous survey (a net tightening of 5%) and follows the small net tightening in credit standards seen in the first quarter (3%). Perceived risks related to the economic outlook continued to contribute to a tightening of credit standards, whereas competition had an easing impact. For the most part, banks reported no specific additional tightening impact on their credit standards related to geopolitical uncertainty and trade tensions, although they intensified their monitoring of the most exposed sectors and firms. For loans to households for house purchase, the net tightening followed the easing of credit standards seen in the first quarter (-7%) but was lower than banks anticipated (7%). For both housing loans and consumer credit, changes in risk perceptions and the risk tolerance of banks were the main drivers of the net tightening of credit standards. For the third quarter of 2025, banks expect credit standards to remain unchanged for firms (0%), ease slightly for housing loans (-3%) and tighten further for consumer credit (4%).

    Banks’ overall terms and conditions – the actual terms and conditions agreed in loan contracts – eased for loans to firms, remained unchanged for housing loans and tightened for consumer credit.

    In the second quarter of 2025, euro area banks reported a slight net increase in demand for loans or credit lines to firms (Chart 2), with demand remaining weak overall. This followed a small net decrease in loan demand in the previous quarter (-3%) and was broadly in line with banks’ expectations in that quarter (4%). Loan demand was supported by declining interest rates, but dampened by global uncertainty and trade tensions, while the impact of fixed investment and inventories and working capital was neutral. Demand for housing loans continued to increase substantially in net terms. Declining interest rates, improved housing market prospects and, to a lesser extent, consumer confidence, were the main drivers of the continued increase in housing loan demand. Demand for consumer credit and other lending to households increased only slightly, with declining interest rates and other factors offsetting negative contributions from lower consumer confidence and spending on durable goods. In the third quarter of 2025, banks expect a net increase in loan demand from firms (net percentage of 7%), a further substantial net increase for housing loans (net percentage of 21%) and broadly unchanged demand for consumer credit (1%).

    Euro area banks’ access to retail and wholesale funding improved slightly in the second quarter of 2025, driven by short-term retail funding, money markets and debt securities, and remained broadly unchanged for securitisations. Over the next three months, banks expect access to these funding sources to remain broadly unchanged.

    Euro area banks reported that non-performing loan (NPL) ratios and other credit quality indicators had a net tightening impact on their credit standards across all loan categories, as well as a net tightening impact on terms and conditions for loans to firms and consumer credit. Banks expect these trends to continue in the third quarter for loans to firms and consumer credit, driven mostly by pressures related to supervisory or regulatory requirements.

    Changes in credit standards and loan demand were heterogeneous across the main economic sectors in the first half of 2025. Credit standards tightened in commercial real estate (CRE), manufacturing, wholesale and retail trade and, to a lesser extent, in construction, while they eased slightly across most services (excluding financial services and real estate) and in residential real estate (RRE). Banks reported a net decrease in loan demand for construction, manufacturing, CRE and wholesale and retail trade, and net increases in RRE and in the transport, accommodation and food services sectors. For the second half of 2025, in most of the main economic sectors, banks expect either broadly unchanged or easier credit standards and overall small changes in loan demand. The exception is RRE, for which banks expect a further moderate increase.

    Banks continue to take firms’ climate performance into consideration in their lending policies, reporting an easing impact on credit standards and terms and conditions for green firms and firms in transition and a tightening impact for high-emitting firms over the past twelve months. Both physical risk and firms’ transition risk had a moderate net tightening impact on banks’ lending policies, while climate-related fiscal support continued to have an easing impact. Banks also reported a net increase in demand for loans to green firms and firms in transition owing to climate change, while uncertainty over future climate regulation was perceived as an obstacle. Banks expect a similar impact overall over the next twelve months.

    Based on a new question on the impact of climate change on housing loans, banks reported an easing impact on credit standards for buildings with high energy performance and a tightening impact for buildings with low energy performance over the past twelve months. They expect a broadly corresponding impact over the next twelve months. As the easing impact for new buildings mostly offset the tightening impact for old buildings, the net impact of energy performance was low overall. The physical risk of real estate was, however, an important driver of further net tightening in lending conditions overall, and an even higher net percentage of banks reported that it will be a driver over the next year. Banks also reported a positive impact on loan demand for buildings with high and medium energy performance but a negative impact for those with low energy performance. Investment in energy performance was the key factor for climate-related loan demand, supported by preferential lending rates for increasing sustainability, whereas uncertainty over future climate regulation was reported as a dampening factor for loan demand.

    Banks indicated that changes in excess liquidity held with the Eurosystem in the first half of 2025 had a neutral impact on bank lending conditions. They expect to see similar effects in the second half of 2025.

    The quarterly BLS was developed by the Eurosystem to improve its understanding of bank lending behaviour in the euro area. The results reported in the July 2025 survey relate to changes observed in the second quarter of 2025 and changes expected in the third quarter of 2025, unless otherwise indicated. The July 2025 survey round was conducted between 13 June and 1 July 2025. A total of 155 banks were surveyed in this round, with a response rate of 100%.

    Chart 1

    Changes in credit standards for loans or credit lines to enterprises, and contributing factors

    (net percentages of banks reporting a tightening of credit standards, and contributing factors)

    Source: ECB (BLS).

    Notes: Net percentages are defined as the difference between the sum of the percentages of banks responding “tightened considerably” and “tightened somewhat” and the sum of the percentages of banks responding “eased somewhat” and “eased considerably”. The net percentages for “Other factors” refer to an average of the further factors which were mentioned by banks as having contributed to changes in credit standards. Data are for the euro area and for the largest four euro area countries.

    Chart 2

    Changes in demand for loans or credit lines to enterprises, and contributing factors

    (net percentages of banks reporting an increase in demand, and contributing factors)

    Source: ECB (BLS).

    Notes: Net percentages for the questions on demand for loans are defined as the difference between the sum of the percentages of banks responding “increased considerably” and “increased somewhat” and the sum of the percentages of banks responding “decreased somewhat” and “decreased considerably”. The net percentages for “Other factors” refer to an average of the further factors which were mentioned by banks as having contributed to changes in loan demand. Data are for the euro area and for the largest four euro area countries.

    For media queries, please contact William Lelieveldt, tel.: +49 170 227 9090.

    Notes

    MIL OSI Europe News

  • MIL-OSI United Kingdom: UKAEA develops 3D printing for fusion components

    Source: United Kingdom – Government Statements

    Press release

    UKAEA develops 3D printing for fusion components

    UKAEA’s new additive manufacturing – also known as 3D printing – machines offer new opportunities to produce highly specialised components for fusion machines.

    Freemelt (left) and Nikon SLM (right) teams at Central Support Facility launch event with UKAEA’s Roy Marshall (centre) – Image Credit: United Kingdom Atomic Energy Authority

    The United Kingdom Atomic Energy Authority (UKAEA) has begun using two additive manufacturing – or 3D printing – machines that use complementary methods to manufacture components for future fusion machines.

    At its recently opened Central Support Facility (CSF), UKAEA has commissioned an electron beam additive manufacturing machine that will mainly be used to incorporate tungsten into components, alongside a selective laser manufacturing machine.

    Fusion can play a key role in a global low carbon energy future. However, the components within future fusion power plants will have to operate under complex and challenging conditions, including extreme temperatures, high neutron loads, and strong magnetic fields. As a result, they require complex combinations of materials and precision engineering.

    Additive manufacturing is well suited to producing materials with intricate designs, and in low volumes, making it ideal for a sector such as fusion, where – for the near future – each fusion machine will be highly individual and require bespoke components. As a result, UKAEA believes that 3D printing can play an important role in the future of fusion reducing the costs of this precision manufacturing, and has commissioned the machines to demonstrate two complementary 3D printing methods to produce fusion components.

    The eMELT Electron Beam Powder Bed Fusion (E-PBF) additive machine, made by Freemelt, will use electron beam technology to join tungsten in powder-form into solid components with almost 100 percent density. The eMELTmachine will be used to layer tungsten onto other materials such as copper chrome zirconium, stainless steel and Eurofer 97, a special type of steel developed for use in fusion machines.

    The SLM280 – Selective Laser Manufacturing – will be used to experiment with how to produce components with the complex geometries and material combinations that will be essential for successful fusion plants. The SLM280 is manufactured by Nikon SLM, provided by Kingsbury Machine Tools, supported by Additure.

    Both 3D printing technologies will support the manufacture of plasma-facing components that will be exposed to extreme temperatures during their operational lifecycle. The machines will also reduce the reliance on traditional techniques such as welding, reducing the number of manufacturing operations and joining processes.

    Roy Marshall, Head of Operations for Fabrication, Installation and Maintenance, at UKAEA said:

    Future fusion power plants will require thousands – or even millions – of components with complex geometries that can withstand the extreme conditions of a fusion environment.

    UKAEA believes that additive manufacturing will be essential to developing these components at a scale that makes fusion commercially viable.

    We have commissioned two complementary additive manufacturing machines so we can demonstrate that fusion components can be printed at a production scale, enabling the fusion industry to develop components at our facilities that would otherwise be commercially prohibitive.

    Using these machines will enable parts and geometries to be produced more efficiently than by using traditional fabrication methods.

    Many companies will have either an electron beam machine or selective laser manufacturing technology but having both capabilities under one roof – and able to produce components at scale – is a first for the fusion industry.

    Viktor Valk, Regional Manager, EMEA at Freemelt said:

    We are honoured to support UKAEA in their important work to advance fusion energy as a commercially viable energy source. The use of Freemelt’s industrial machine eMELT to produce tungsten plasma-facing components exposed to extreme conditions in fusion energy machines, marks an important step in applying our E-PBF technology to fusion energy development.

    Christoph Barefoot, Regional Business Director UK & Nordics, Nikon SLM Solutions, said:

    Fusion represents the future of energy – but it can only be realized through bold innovation and trusted collaboration. At Nikon SLM Solutions, we are proud to support UKAEA’s mission with our industry-leading Selective Laser Melting technology, helping make complex, high-performance fusion components not just possible, but scalable. With this milestone, we move one step closer to commercial fusion – and a more sustainable tomorrow.

    The CSF brings together this technology with purpose-built workshops into one building – alongside UKAEA’s Manufacturing Support Team and Special Techniques Group – to enable collaboration between manufacturing teams and to support fusion research and development. UKAEA is now working to prepare commercial partners for the large scale production that is essential for the fusion energy plants of the future.

    Both machines will now start the work of producing challenging geometries and undertake experiments exploring the properties of additive manufactured materials. This work will be followed by initial stages of manufacturing involving tungsten and copper chrome zirconium layering.

    Updates to this page

    Published 22 July 2025

    MIL OSI United Kingdom

  • MIL-OSI Asia-Pac: Hong Kong Customs seized suspected cannabis buds worth about $2.5 million at airport (with photo)

    Source: Hong Kong Government special administrative region

    Hong Kong Customs today (July 22) detected a drug trafficking case involving baggage concealment at Hong Kong International Airport and seized about 12 kilograms of suspected cannabis buds with an estimated market value of about $2.5 million.

    A male passenger, aged 39, arrived in Hong Kong from Bangkok, Thailand, today. During customs clearance, Customs officers found the batch of suspected cannabis buds inside his check-in suitcase. He was subsequently arrested.

    The arrested person has been charged with one count of trafficking in a dangerous drug and will appear at the West Kowloon Magistrates’ Courts tomorrow (July 23).

    Customs will continue to step up enforcement against drug trafficking activities through intelligence analysis. The department also reminds members of the public to stay alert and not participate in drug trafficking activities for monetary return. They must not accept hiring or delegation from another party to carry controlled items into and out of Hong Kong. They are also reminded not to carry unknown items for other people.

    Customs will continue to apply a risk assessment approach and focus on selecting passengers from high-risk regions for clearance to combat transnational drug trafficking activities.

    Under the Dangerous Drugs Ordinance, trafficking in a dangerous drug is a serious offence. The maximum penalty upon conviction is a fine of $5 million and life imprisonment.

    Members of the public may report any suspected drug trafficking activities to Customs’ 24-hour hotline 182 8080 or its dedicated crime-reporting email account (crimereport@customs.gov.hk) or online form (eform.cefs.gov.hk/form/ced002).

    MIL OSI Asia Pacific News

  • MIL-OSI: Bispecific Antibodies Market Set to Surge to $163.15 Billion by 2032, Driven by a Robust 40.1% CAGR | Roche, Amgen, and Johnson & Johnson at the Forefront: AnalystView Market Insights

    Source: GlobeNewswire (MIL-OSI)

    San Francisco, USA, July 22, 2025 (GLOBE NEWSWIRE) — The global bispecific antibodies market is witnessing a transformative surge, projected to grow at an impressive compound annual growth rate (CAGR) of 40.10%, reaching a valuation of approximately USD 163,149.35 million by 2032. This extraordinary growth is propelled by the increasing adoption of bispecific antibody therapies in oncology and immunology, groundbreaking clinical outcomes, and robust R&D investments aimed at next-generation biologics.

    Bispecific antibodies are bioengineered molecules designed to simultaneously recognize and bind to two different antigens or epitopes. Unlike monoclonal antibodies that target a single antigen, bispecific antibodies can link a disease-related antigen (such as one found on cancer cells) to another molecule—often a T-cell—thus redirecting immune cells to attack malignant tissues with heightened precision. This dual-binding capability is unlocking new therapeutic possibilities in cancer, autoimmune diseases, and infectious diseases. As of 2024, over 300 bispecific antibodies are in global clinical development, with 14 already approved by the U.S. FDA, reflecting the sector’s rapid growth and clinical validation.

    Download Free Sample Report PDF @  https://www.analystviewmarketinsights.com/request_sample/AV4090 

    Global Bispecific Antibodies Market Key Players- Detailed Competitive Insights

    • Amgen
    • Genentech
    • Akeso, Inc.
    • Taisho Pharmaceutical
    • Janssen
    • Immunocore
    • Adimab, Innovent Biologics, Inc.
    • AstraZeneca
    • Affimed GmbH
    • Xencor
    • F. Hoffmann-La Roche Ltd.
    • Sanofi
    • Regeneron Pharmaceuticals Inc.
    • Pieris Pharmaceuticals, Inc.
    • Eli Lilly
    • Mereo BioPharma Group plc
    • Merus
    • MacroGenics, Inc.
    • Sobi, TG Therapeutics Inc.
    • Genmab A/S
    • Alteogen
    • Emergent BioSolutions Inc.
    • Novartis AG
    • Astellas Pharma Inc.
    • Celgene Corporation
    • Others

    Market Drivers

    1. Increasing Cancer Prevalence Globally
    Cancer remains a global health crisis, with the World Health Organization (WHO) estimating around 19.3 million new cancer cases and nearly 10 million deaths in 2023 alone. Traditional therapies are often limited by poor specificity and severe side effects, which have shifted the focus toward more targeted modalities, such as bispecific antibodies. Their unique mechanism allows precise tumor targeting while preserving healthy tissues, making them a preferred choice for next-gen cancer therapies.

    2. Regulatory Approvals and Accelerated Development Pathways
    The U.S. Food and Drug Administration (FDA) and the European Medicines Agency (EMA) have actively supported innovative antibody therapeutics. Between 2022 and 2024, the FDA approved six bispecific antibodies, a testament to their growing clinical value. Regulatory agencies are also introducing expedited pathways for breakthrough therapies, speeding up market entry for promising candidates.

    3. Rising Investments in Immunotherapy and Biologics
    Governments and private players are significantly boosting funding for immunotherapy research. For instance, the U.S. National Cancer Institute (NCI) allocated over USD 15 billion toward cancer research in 2023, a portion of which is directed toward the development of targeted therapies, including bispecific antibodies. This capital influx is catalyzing clinical trials, molecule discovery, and scalable manufacturing solutions.

    Market Challenges

    Despite the optimistic trajectory, the bispecific antibodies market faces notable challenges:

    • Complex Manufacturing: Producing bispecific antibodies involves intricate processes, such as protein folding and stability optimization, which increase production time and cost.
    • High Development Costs: The R&D cycle for bispecific therapies is long and resource-intensive, often requiring large-scale trials and advanced biotechnological platforms.
    • Immunogenicity Risks: Some bispecific formats can trigger unwanted immune responses, complicating their clinical profiles.

    Nonetheless, advances in antibody engineering, such as the development of Fc-engineered antibodies and T-cell engaging bispecifics (BiTEs), are helping overcome these limitations.

    Regional Insights

    North America is poised to maintain a dominant position in the global bispecific antibodies market. Its leadership is driven by:

    • A well-established biotech and pharma industry.
    • Substantial government and private R&D investments.
    • Early and streamlined regulatory approvals.

    In 2023 alone, the U.S. government dedicated nearly USD 7.9 billion toward cancer research, a portion of which supports novel antibody-based treatments. Moreover, the presence of major biopharmaceutical companies and academic research centers ensures rapid clinical development.

    Asia-Pacific, on the other hand, is anticipated to experience the fastest growth rate. Countries such as China, India, and South Korea are:

    • Increasing healthcare expenditures.
    • Encouraging local biotech innovation.
    • Expanding access to clinical trials and biologic therapies.

    China, for example, is investing heavily in biologics manufacturing capabilities and has introduced supportive regulations for fast-track drug approval, which will likely make the region a future hub for bispecific antibody development.

    TABLE OF CONTENT

    1. Bispecific Antibodies Market Overview
    1.1. Study Scope
    1.2. Market Estimation Years
    2. Executive Summary
    2.1. Market Snippet
    2.1.1. Bispecific Antibodies Market Snippet by Drug Type
    2.1.2. Bispecific Antibodies Market Snippet by Indication
    2.1.3. Bispecific Antibodies Market Snippet by Distribution Channel
    2.1.4. Bispecific Antibodies Market Snippet by Country
    2.1.5. Bispecific Antibodies Market Snippet by Region
    2.2. Competitive Insights
    3. Bispecific Antibodies Key Market Trends
    3.1. Bispecific Antibodies Market Drivers
    3.1.1. Impact Analysis of Market Drivers
    3.2. Bispecific Antibodies Market Restraints
    3.2.1. Impact Analysis of Market Restraints
    3.3. Bispecific Antibodies Market Opportunities
    3.4. Bispecific Antibodies Market Future Trends……

    Get a detailed analysis on regions, market segments, customer landscape, and companies@ https://www.analystviewmarketinsights.com/reports/report-highlight-bispecific-antibodies-market

    Market Segmentation by Indication

    The bispecific antibodies market is segmented by application into:

    • Cancer
    • Autoimmune and Inflammatory Disorders
    • Others

    Among these, the oncology segment is forecasted to command the largest share throughout the forecast period. As of March 2025, over 650 bispecific antibodies are in clinical development globally—nearly all focused on oncology applications, and nine of the 11 bispecifics approved since 2021 target cancer, representing over 80% of recent regulatory approvals.

    Competitive Landscape & Innovation Strategies

    The bispecific antibody space is rapidly evolving with heightened competition among biotech giants and emerging players. Leading companies are prioritizing:

    • Next-generation platforms for greater safety, flexibility, and efficacy.
    • Strategic collaborations and licensing deals to expand pipeline access.
    • Geographic expansion into emerging economies with rising healthcare demands.

    Biotech firms are utilizing AI-driven drug discovery, cell-line optimization, and novel bispecific formats (like dual-variable domain antibodies and knob-into-hole technologies) to advance their products. Some players are also entering into co-development agreements to reduce costs and accelerate regulatory milestones.

    Future Outlook

    The bispecific antibodies market is positioned at the forefront of immunotherapeutic innovation. With strong clinical potential, increasing funding, and a favorable regulatory climate, the sector is expected to witness substantial growth through 2032. As manufacturing bottlenecks are resolved and newer formats with improved safety emerge, bispecific antibodies will likely become standard components of combination therapies in oncology and immune-related disorders.

    In conclusion, the bispecific antibodies market offers immense opportunities for stakeholders across biotechnology, healthcare, and investment sectors. Its rapid evolution signals a paradigm shift in how complex diseases are treated, ushering in a new era of precision medicine.

    Browse more Reports from AnalystView Market Insights:

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    The MIL Network

  • MIL-OSI Russia: Gas supply systems in 467 Moscow homes to be updated under capital repairs program

    Translation. Region: Russian Federal

    Source: Moscow Government – Government of Moscow –

    An important disclaimer is at the bottom of this article.

    Specialists from the capital’s municipal services complex will update in-house gas supply systems in 467 apartment buildings. The work will be carried out within the framework of capital repair programsThis was reported by the Deputy Mayor of Moscow for Housing and Public Utilities and Improvement Petr Biryukov.

    “The capital’s capital repair program is one of the most significant housing modernization projects not only in Russia, but also in the world. We are carrying out work to update not only the exterior of the building: the facade, roof and entrance group, but also the engineering systems. During the program’s implementation, we have completed capital repairs of in-house gas supply systems in 2,343 apartment buildings. This year, work is planned for another 467, and it has already been completed at 301 facilities,” noted Pyotr Biryukov.

    Timely repair of equipment is important for its safe operation and organization of uninterrupted gas supply. In their work, specialists use modern technical solutions. For example, they use ball valves with three degrees of protection against accidental opening. They limit the flow of gas in case of equipment failure and temperature exposure. In addition, flexible gas piping made of stainless steel with PVC coating and a dielectric insert are installed in houses. This is done to protect against external influences and to eliminate an emergency situation when stray currents appear.

    Gas risers inside an apartment building are common property, so apartment owners must promptly provide specialists with access to the work sites.

    According to current regulations, the service life of an in-house gas pipeline is 30 years. After this time, the equipment wears out and requires replacement.

    The regional program for capital repairs of housing stock being implemented in the capital corresponds to the goals and objectives of the national project “Infrastructure for life”.

    What to look for when renting an apartment with gas equipment

    Get the latest news quickly official telegram channelthe city of Moscow.

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

    .

    MIL OSI Russia News

  • MIL-OSI Russia: Sergei Sobyanin told how the city takes care of nature during the construction of the metro

    Translation. Region: Russian Federal

    Source: Moscow Government – Government of Moscow –

    An important disclaimer is at the bottom of this article.

    At construction of the metro special attention is paid to ecology. This is reported inon your telegram channel Sergei Sobyanin reported.

    “Our task is to use natural resources rationally. Both during the work and during the operation of the metro,” the Mayor of Moscow noted.

    Source: Sergei Sobyanin’s Telegram channel @mos_sobyanin

    To do this, specialists conduct environmental monitoring of air, ground and surface water, and soil analysis. All samples are examined in independent laboratories. Most often, such testing is used when tunneling, which affects the territories of national parks or protected areas. Thus, it was carried out during the construction of the Big Ring Line (BCL), when tunnel boring machines worked under the territories of nature conservation areas and repeatedly crossed the water area of the Moscow River.

    After work, builders remove and dispose of all waste, including soil. For example, at the ZIL station Trinity line To create the pits and reversible culverts, it was necessary to remove a total of almost 400 thousand cubic meters of earth.

    After the work is completed, green spaces are restored. Thus, more than 600 bushes and trees will be planted near the Stolbovo electric depot, and about 1.4 thousand in TiNAO. Among the already implemented projects, one can highlight the improvement of the adjacent territory of the Kuntsevskaya station of the Big Circle Line. Almost 300 trees and 2.5 thousand bushes were planted here – a new park for citizens to relax appeared.

    Construction of monolithic structures of the Lipovaya Roshcha metro station has begunSergei Sobyanin: The first metro train arrived at the Stolbovo electric depot under construction

    “We minimize harm to the animal world. For example, trees and bushes are cut down before the nesting period. Grass is not burned and chemical reagents are not used,” added Sergei Sobyanin.

    All these measures help to avoid negative impacts on the environment and the health of construction workers, passengers and metro personnel.

    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

  • MIL-OSI Russia: A new water supply system will appear in Shcherbinka

    Translation. Region: Russian Federal

    Source: Moscow Government – Government of Moscow –

    An important disclaimer is at the bottom of this article.

    A new water pipeline will be built in the Shcherbinka district of the Novomoskovsk administrative district. The corresponding territorial planning project has already been approved. This was reported by Juliana Knyazhevskaya, Chairman of the Committee for Architecture and Urban Development of the City of Moscow (Moskomarkhitektura).

    Large-scale work is being carried out in TiNAO to update water supply and sanitation systems. The new facility will provide residents of Shcherbinka with water from a centralized system supplied by the Western Water Treatment Plant.

    “In the Shcherbinka district, it is planned to build a new water pipeline for water supply to existing and prospective consumers of the district. At present, a land use planning project has been approved for an area of about 96 hectares. It is planned to build a water pipeline and regulating water pumping units “Ryazanovsky-1”, “Ryazanovsky-2” and “Erino”, as well as two access roads. The total length of the water pipeline will be 3.42 kilometers. The work is being carried out within the framework of the capital’s Address Investment Program,” said Yuliana Knyazhevskaya.

    She also added that high-quality design of engineering infrastructure and water supply systems in new areas is a key element of sustainable development. The creation of a well-thought-out and reliable network will not only improve the quality of life of city residents, but will also ensure long-term stability and comfort for future generations, contributing to the harmonious development of the territory.

    Moscow Mayor Talks About More Than Two Centuries of Water Supply System History

    Get the latest news quicklyofficial telegram channel the city of Moscow.

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

    .

    MIL OSI Russia News

  • MIL-OSI Russia: A production complex will appear in Zelenograd as part of a large-scale investment project

    Translation. Region: Russian Federal

    Source: Moscow Government – Government of Moscow –

    An important disclaimer is at the bottom of this article.

    In the Zelenograd Administrative District (ZelAO), as part of a large-scale investment project (MaIP), a production complex is being built for the companies Pervy DSK and Life Engineering. This is the third of four facilities being built in the Savelki area. This was reported by the Deputy Mayor of Moscow for Transport and Industry Maxim Liksutov.

    “In accordance with the instructions of Sergei Sobyanin, the capital continues to implement projects to develop industrial infrastructure. For example, a complex of four production facilities for various purposes is being built in Zelenograd, where it is planned to produce windows, aerated concrete blocks and ready-made modules. Its creation became possible thanks to two key measures to support the city at once. Due to the status of a large-scale investment project, the investor was able to lease a plot of land on preferential terms. And thanks to the program to stimulate the creation of employment opportunities, after the completion of the construction of all enterprises, the complex will provide more than 600 new jobs for residents of the capital. This will strengthen the production potential of the city and increase the level of employment of the population,” said Maxim Liksutov.

    The complex will house two enterprises producing modern construction products.

    The plant of the company “First DSK” will produce window and door systems, as well as facades using glass and aluminum. The enterprise will provide a full cycle of work – from standard elements to individual solutions. The annual output will be up to 279 thousand square meters of PVC structures, 82 thousand square meters of products with warm glazing and 184 thousand square meters – with cold glazing.

    The Life Engineering company’s enterprise will produce 40 thousand square meters of ready-made modules per year using prefab technology. It involves the preliminary assembly of standard-sized modular structures with full or partial glazing.

    “The construction of an industrial facility, which will become part of the city’s modern infrastructure, is underway in Zelenograd Administrative Okrug. The project’s implementation will create over 100 jobs for residents of the district and open up additional employment opportunities near home. The new facility, with a total area of over 17 thousand square meters, will be located in the Savelki district,” said the Minister of the Moscow Government, head of the Moscow Department of Investment and Industrial Policy

    Anatoly Garbuzov.

    The city provides land plots for the construction of production facilities within the framework of the implementation of the MAIP at a preferential rate of one ruble per year. This contributes to the development of Moscow’s infrastructure and the reduction of pendulum migration of the population of different districts.

    “The provision of land plots at a preferential rate for the creation and expansion of production is a support measure that has been in effect in the capital since March 2022. The FSK Group of Companies was one of the first to take advantage of this opportunity. A plot of about 3.5 hectares was allocated for the construction of the complex. In total, more than 17 hectares of land in the Savelki area have been transferred to the company for the construction of four industrial facilities,” she noted.

    Ekaterina Solovieva, Minister of the Moscow Government, Head of the Moscow Department of City Property.

    The construction of the complex is under control Committee for State Construction Supervision of the City of Moscow (Moscow State Construction Supervision Authority).

    As the head of the department said Anton Slobodchikov, permitting documentation, which allows the developer to begin work on the territory of the complex, was issued at the end of December 2023. The facility will have workshops, warehouses, administrative blocks and checkpoints, offices, a medical center, a canteen, sanitary and household premises and dressing rooms. More than two thousand square meters are allocated for landscaping. Mosgosstroynadzor inspectors monitor each stage of construction – from site preparation to the delivery of the facility. The implementation is carried out in strict accordance with the design documentation and compliance with all technical requirements.

    Work is currently underway to install a reinforced concrete base and roof, as well as to install metal structures and sandwich panels.

    FSK Group Project Director Maxim Rybakov noted that the new industrial facility in Zelenograd will unite two high-tech production facilities at one site. This will increase the efficiency of using the provided land plot and provide residents of the district with a large selection of vacancies for employment at future enterprises. The partnership of the city and business in projects of this scale allows for a comprehensive approach to the development of territories and human resources. Maxim Rybakov also noted that construction is planned to be completed this year.

    The program to stimulate the creation of employment opportunities has covered almost all districts of the city since 2020. Investors will build over 230 facilities with a total area of over six million square meters. Among them are new industrial enterprises, office and shopping centers, as well as educational, cultural and sports institutions. The implementation of the projects will create more than 310 thousand new jobs in almost all sectors of the city’s economy.

    Get the latest news quickly official telegram channel the city of Moscow.

     

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

    .

    MIL OSI Russia News

  • MIL-Evening Report: Gaza: Empty rhetoric from New Zealand and other Western countries

    In a joint statement, more than two dozen Western countries, including New Zealand, have called for an immediate end to the war on Gaza. But the statement is merely empty rhetoric that declines to take any concrete action against Israel, and which Israel will duly ignore. 

    AGAINST THE CURRENT: By Steven Cowan

    The New Zealand government has joined 27 other countries calling for an “immediate end” to the war in Gaza. The joint statement says  “the suffering of civilians in Gaza has reached new depths”.

    It goes on to say that the drip feeding of aid and the inhumane killing of civilians, including children, seeking to meet their most basic needs of water and food.

    But many of the countries that have signed this statement stand condemned for actively enabling Israel to pursue its genocidal assault on Gaza. Countries like Britain, Canada and Australia, continue to supply Israel with arms, have continued to trade with Israel, and have turned a blind eye to the atrocities and war crimes Israel continues to commit in Gaza.

    It’s more than ironic that while Western countries like Britain and New Zealand are calling for an end to the war in Gaza, they continue to be hostile toward the anti-war protest movements in their own countries.

    The British government recently classified the protest group Palestine Action as a “terrorist” group.

    In New Zealand, the Minister of Foreign Affairs, Winston Peters, has denounced pro-Palestine protesters as “left wing fascists” and “communist, fascist and anti-democratic losers”. He has pushed back against the growing demands that the New Zealand government take direct action against Israel, including the cutting of all diplomatic ties.

    The New Zealand government, which contains a number of Zionists within its cabinet, including Act leader David Seymour and co-leader Brooke van Velden, will be more than comfortable with a statement that proposes to do nothing.

    ‘Statement lacks leadership’
    Its call for an end to the war is empty rhetoric, and which Israel will duly ignore — as it has ignored other calls for its genocidal war to end.  As Amnesty International has said, ‘the statement lacks any resolve, leadership, or action to help end the genocide in Gaza.’

    “This is cruelty – this is not a war,” says this young girl’s placard quoting the late Pope Francis in an Auckland march last Saturday . . . this featured in an earlier report. Image: Asia Pacific Report

    New Zealand has declined to join The Hague Group alliance of countries that recently met in Colombia.

    It announced six immediate steps it would be taking against Israel. But since The Hague Group has already been attacked by the United States, it’s never been likely that New Zealand would join it.

    The National-led coalition government has surrendered New Zealand’s independent foreign policy in favour of supporting the interests of a declining American Empire.

    Republished from Steven Cowan’s blog Against The Current with permission.

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI China: New AI robot training ground launched in China

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

    A new training ground dedicated to advancing embodied artificial intelligence (AI) robots has been launched in southwest China’s Sichuan Province, marking a step forward in the development of the country’s high-end robotics industry.

    Based in the city of Mianyang, the embodied AI robot training ground will operate as a comprehensive platform integrating research and development, validation testing, standard-setting and commercialization.

    The project, officially launched on July 18, is a cornerstone of Sichuan’s strategy to build a globally competitive embodied AI robotics cluster in west China, an official from the Sichuan provincial science and technology department told Xinhua on Tuesday.

    Thanks to rapid advancements in technologies such as AI and large language models, China’s robotics industry is undergoing a rapid transformation from laboratory research to mass production and applications.

    The industry is expected to see a market boom in the coming years. According to the Chinese Institute of Electronics, China’s humanoid robot market is projected to reach 870 billion yuan (about 121.74 billion U.S. dollars) by 2030.

    The training ground is expected to address critical bottlenecks facing embodied AI development globally, including scarce real-world training scenarios, insufficient high-quality data, and inadequate extreme-environment testing capabilities.

    “This facility functions essentially as a ‘school’ for robots,” said the official.

    It aims to overcome these challenges by creating simulated environments for deep interaction and vast data acquisition, thereby accelerating robotic learning, algorithmic improvements and capability upgrades, crucial for applications spanning manufacturing, healthcare, urban management and emergency response.

    The training ground will follow an operational model featuring one innovation center focusing on core technologies like system integration, research and development of key components and algorithms, and pilot manufacturing.

    It will be supported by two dedicated scenario training bases to gather operational data across diverse settings and enable deployment across diverse application scenarios, particularly targeting advanced manufacturing, emergency response, social services, tourism and urban governance.

    The provincial government will allocate a special fund to develop the training ground, which, according to its plan, will help complete the infrastructure and operational framework while attracting over seven robotics enterprises by the end of 2025.

    By 2027, the target is to bring together over 30 enterprises, facilitate the application of more than 30 new technologies, and launch over 10 new robot products, establishing the training ground as a nationally leading platform.

    MIL OSI China News

  • MIL-OSI Africa: Three-month-long vocational trainings give Jonglei youth hope of brighter future

    Source: APO


    .

    Many young South Sudanese women and men are involuntarily idle and desperate for any opportunities to earn qualifications that may lead to gainful employment or enable them to start their own small businesses.

    In Akobo and Bor, in volatile Jonglei State, a significant number of them were given such chances, with the graduates of three-month-long vocational trainings in both towns determined to grab them with both hands.

    “Everyone should plant vegetables. If you do, you gain good health and a possibility to earn money without subjecting yourself to the risks of assaults we women run when we collect firewood,” says Rodah Nyathuok Lual in Akobo.

    There, more than 100 youth, with the majority being women, have learnt income-generating skills like farming, tailoring, hairdressing, marketing and financial management.

    The initiative, funded by the United Nations Mission in South Sudan (UNMISS) and implemented by the national non-governmental organization Community Initiative for Development, is timely as resources in Akobo, following the return of many previously conflict-displaced persons, have become scarcer than usual.

    “When we work, we become role models in our communities by promoting both development and peace. When everyone is busy, there is no time or room for conflict,” says Domach Makuach Mark, another proud owner of new and marketable skills who, like all graduates, was also given a starter kit and connected to banks and other lenders for possible investments.

    UN peacekeepers from South Korea have given 77 of Domach’s peers in Bor reason to be equally optimistic about their futures. In the state capital, they have learnt everything from wiring a building safely and repairing a leaking pipe to cultivating food and raising poultry.

    “From now on, I hope people will buy eggs and chickens from me,” says Akuoch Mary Atem as she details her plan to open a poultry farm to support herself and her family.

    More young, aspiring women and men in and around Bor are likely to benefit from similar opportunities in the future.

    “In cooperation with the government, we hope that we’ll be able to expand our vocational school,” says Colonel Kwon Byung Guk, Commander of the South Korean contingent, who also revealed that his government will provide five top students with full scholarships for advanced studies in the East Asian country.

    Distributed by APO Group on behalf of United Nations Mission in South Sudan (UNMISS).

    MIL OSI Africa

  • MIL-OSI Africa: Lordina Foundation Boosts Healthcare in Techiman North; Donates Medical Equipment to Member of Parliament (MP)

    Source: APO


    .

    The First Lady’s humanitarian organisation, the Lordina Foundation, has donated a quantity of essential medical supplies and equipment to the Techiman North constituency to enhance healthcare delivery.

    The items were officially handed over to the Member of Parliament for Techiman North and Minister for Trade, Agribusiness and Industry, Elizabeth Ofosu-Agyare, by Mrs Lordina Dramani Mahama, First Lady and President of the Foundation.

    Mrs Mahama reiterated the Foundation’s enduring commitment to improving the quality of life for vulnerable populations in the country.

    “We are dedicated to contributing to the development of deprived children and women in both rural and urban areas, focusing on quality healthcare promotion, education, and overall well-being,” Mrs. Mahama stated during the presentation ceremony.

    “This donation highlights our belief in collaborative efforts to foster sustainable development within Ghana’s health sector.”

    Mrs Ofosu-Agyare (MP) expressed her gratitude and that of the people of Techiman North for the gesture, noting that the equipment and supplies will have a positive impact on the health delivery service.

    “This contribution from the Lordina Foundation will play a pivotal role in bridging gaps in our healthcare system. It reflects our shared commitment to improving the well-being of our people,” she said.

    This initiative is part of the Lordina Foundation’s broader mission to modernise and strengthen under-resourced health facilities across communities, and to ensure medical professionals are equipped with the necessary tools to provide high-quality, life-saving care to patients.

    The items presented include Hospital and Theatre Beds, Delivery Beds, Incubators, Theatre Lights, Phototherapy Machines, Baby Scales, Syringes and Gloves and Trolleys. The remaining items include Wheelchairs, Commodes, Baby Cots, Baby Carts, Medical Screens, Baby Baths, Bedside Cabinets, and Overhead Tables.

    Distributed by APO Group on behalf of The Presidency, Republic of Ghana.

    MIL OSI Africa

  • MIL-OSI Russia: 28 countries condemn Israel over ‘civilian suffering in Gaza’

    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

    LONDON, July 22 (Xinhua) — Twenty-eight countries and the European Union’s Commissioner for Equality, Preparedness and Crisis Management issued a joint statement on Monday condemning Israel for the suffering of civilians in Gaza.

    “The suffering of civilians in Gaza has reached new depths. We condemn the crumbs that are being sent as aid and the inhumane killing of civilians,” the statement said. “It is appalling that more than 800 Palestinians have been killed while asking for aid,” the document noted.

    “The Israeli government’s refusal to provide essential humanitarian assistance to civilians is unacceptable. Israel must uphold its obligations under international humanitarian law,” the statement added, calling for an immediate end to the war in Gaza.

    The parties also called on the Israeli government “to immediately lift restrictions on aid and urgently allow the UN and humanitarian NGOs to carry out their life-saving work safely and effectively.”

    Signed by the foreign ministers of Britain, France, Italy, Canada, Japan and other Western countries, the statement also opposes any attempts to change the territorial or demographic status of the occupied Palestinian territories.

    In response, the Israeli Foreign Ministry dismissed the statement as “out of touch with reality” and accused Hamas of being “the only party responsible for the lack of an agreement on the release of hostages and a ceasefire.” –0–

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

    .

    MIL OSI Russia News

  • MIL-OSI Russia: Passenger jet forced to take aggressive evasive action to avoid collision with US bomber in North Dakota

    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

    LOS ANGELES, July 22 (Xinhua) — A passenger jet was forced to make an aggressive maneuver to avoid a collision with a B-52 bomber over the U.S. state of North Dakota last week, multiple media reported on Monday.

    The Delta Connection-branded flight, operated by SkyWest Airlines, was en route from Minneapolis to Minot International Airport on Friday. According to the Washington Post, air traffic controllers cleared the plane to land, but a B-52 bomber suddenly appeared on the route, forcing the civilian plane to make a quick go-around.

    In a video posted to Instagram and verified by Storyful, the pilot explains to passengers that a B-52 was approaching their plane, the article says. He apologized for the sudden and “aggressive maneuver” that was necessary to avoid a collision. “Nobody told us” about the bomber’s presence, the pilot said.

    A U.S. Air Force spokesman told the Minot Daily News that the military is aware of the media reports and is investigating the incident. He confirmed that a B-52 bomber based at Minot Air Force Base, about 20 kilometers north of the airport, was flying over the North Dakota State Fairgrounds Friday night. –0–

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

    .

    MIL OSI Russia News

  • MIL-Evening Report: COVID, flu, RSV: how these common viruses are tracking this winter – and how to protect yourself

    Source: The Conversation (Au and NZ) – By Adrian Esterman, Professor of Biostatistics and Epidemiology, University of South Australia

    nimis69/Getty Images

    Winter is here, and with it come higher rates of respiratory illnesses. If you’ve been struck down recently with a sore throat, runny nose and a cough, or perhaps even a fever, you’re not alone.

    Last week, non-urgent surgeries were paused in several Queensland hospitals due to a surge of influenza and COVID cases filling up hospital beds.

    Meanwhile, more than 200 aged care facilities around Australia are reportedly facing COVID outbreaks.

    So, just how bad are respiratory infections this year, and which viruses are causing the biggest problems?

    COVID

    Until May, COVID case numbers were about half last year’s level, but June’s 32,348 notifications are closing the gap (compared with 45,634 in June 2024). That said, we know far fewer people test now than they did earlier in the pandemic, so these numbers are likely to be an underestimate.

    According to the latest Australian Respiratory Surveillance Report, Australia now appears to be emerging from a winter wave of COVID cases driven largely by the NB.1.8.1 subvariant, known as “Nimbus”.

    Besides classic cold-like symptoms, this Omicron offshoot can reportedly cause particularly painful sore throats as well as gastrointestinal symptoms such as nausea and diarrhoea.

    While some people who catch COVID have no symptoms or just mild ones, for many people the virus can be serious. Older adults and those with chronic health issues remain at greatest risk of experiencing severe illness and dying from COVID.

    Some 138 aged care residents have died from COVID since the beginning of June.

    The COVID booster currently available is based on the JN.1 subvariant. Nimbus is a direct descendant of JN.1 – as is another subvariant in circulation, XFG or “Stratus” – which means the vaccine should remain effective against current variants.

    Free boosters are available to most people annually, while those aged 75 and older are advised to get one every six months.

    Vaccination, as well as early treatment with antivirals, lowers the risk of severe illness and long COVID. People aged 70 and older, as well as younger people with certain risk factors, are eligible for antivirals if they test positive.

    Influenza

    The 2025 flu season has been unusually severe. From January to May, total case numbers were 30% higher than last year, increasing pressure on health systems.

    More recent case numbers seem to be trending lower than 2024, however we don’t appear to have reached the peak yet.

    Flu symptoms are generally more severe than the common cold and may include high fever, chills, muscle aches, fatigue, sore throat and a runny or blocked nose.

    Most people recover in under a week, but the flu can be more severe (and even fatal) in groups including older people, young children and pregnant women.

    An annual vaccination is available for free to children aged 6 months to 4 years, pregnant women, those aged 65+, and other higher-risk groups.

    Queensland and Western Australia provide a free flu vaccine for all people aged 6 months and older, but in other states and territories, people not eligible for a free vaccine can pay (usually A$30 or less) to receive one.

    RSV

    The third significant respiratory virus, respiratory syncytial virus (RSV), only became a notifiable disease in 2021 (before this doctors didn’t need to record infections, meaning data is sparse).

    Last year saw Australia’s highest case numbers since RSV reporting began. By May, cases in 2025 were lower than 2024, but by June, they had caught up: 27,243 cases this June versus 26,596 in June 2024. However it looks as though we may have just passed the peak.

    RSV’s symptoms are usually mild and cold-like, but it can cause serious illness such as bronchiolitis and pneumonia. Infants, older people, and people with chronic health conditions are among those at highest risk. In young children, RSV is a leading cause of hospitalisation.

    A free vaccine is now available for pregnant women, protecting infants for up to six months. A monoclonal antibody (different to a vaccine but also given as an injection) is also available for at-risk children up to age two, especially if their mothers didn’t receive the RSV vaccine during pregnancy.

    For older adults, two RSV vaccines (Arexvy and Abrysvo) are available, with a single dose recommended for everyone aged 75+, those over 60 at higher risk due to medical conditions, and all Aboriginal and Torres Strait Islander people aged 60+.

    Unfortunately, these are not currently subsidised and cost about $300. Protection lasts at least three years.

    The common cold

    While viruses including COVID, RSV and influenza dominate headlines, we often overlook one of the most widespread – the common cold.

    The common cold can be caused by more than 200 different viruses – mainly rhinoviruses but also some coronaviruses, adenoviruses and enteroviruses.

    Typical symptoms include a runny or blocked nose, sore throat, coughing, sneezing, headache, tiredness and sometimes a mild fever.

    Children get about 6–8 colds per year while adults average 2–4, and symptoms usually resolve in a week. Most recover with rest, fluids, and possibly over-the-counter medications.

    Because so many different viruses cause the common cold, and because these constantly mutate, developing a vaccine has been extremely challenging. Researchers continue to explore solutions, but a universal cold vaccine remains elusive.

    How do I protect myself and others?

    The precautions we learned during the COVID pandemic remain valid. These are all airborne viruses which can be spread by coughing, sneezing and touching contaminated surfaces.

    Practise good hygiene, teach children proper cough etiquette, wear a high-quality mask if you’re at high risk, and stay home to rest if unwell.

    You can now buy rapid antigen tests (called panel tests) that test for influenza (A or B), COVID and RSV. So, if you’re unwell with a respiratory infection, consider testing yourself at home.

    While many winter lurgies can be trivial, this is not always the case. We can all do our bit to reduce the impact.

    Adrian Esterman receives funding from the Medical Research Future Fund.

    ref. COVID, flu, RSV: how these common viruses are tracking this winter – and how to protect yourself – https://theconversation.com/covid-flu-rsv-how-these-common-viruses-are-tracking-this-winter-and-how-to-protect-yourself-261383

    MIL OSI AnalysisEveningReport.nz

  • UAE Introduces Sugar-Based Tax on Sweetened Beverages to Promote Healthier Choices

    Source: Government of India

    Source: Government of India (4)

    The United Arab Emirates (UAE) is set to implement a paradigm shift in its policy regarding excise tax on sugar-sweetened beverages (SSBs) from January 2026, announced the Ministry of Finance and Federal Tax Authority (FTA) .The new rule will shift from a flat 50% tax rate to a tiered volumetric model, where the tax per liter is directly linked to the sugar content per 100ml of a beverage. This move aims to reduce sugar consumption, promote healthier dietary habits, and combat lifestyle-related diseases such as obesity and Type 2 diabetes.

    Under the current system, introduced in 2017 and expanded in 2019, all sweetened beverages—including carbonated drinks, energy drinks, and products with added sugars or sweeteners, are subject to a uniform 50% excise tax. The new tiered system will impose higher taxes on beverages with greater sugar content, incentivizing manufacturers to reformulate their products to lower sugar levels. “The updated mechanism encourages manufacturers to reduce added sugars and empowers consumers to make more informed dietary choices,” the Ministry of Finance stated.

    Health experts have praised the initiative as a significant step toward addressing public health challenges in the UAE, where the prevalence of diabetes among adults is approximately 20.7%, according to 2024 statistics from the International Diabetes Federation. This policy is commendable in the fight against obesity, metabolic syndrome, and Type 2 diabetes.”The policy aligns with the UAE’s broader health strategy and sustainable development goals, developed in coordination with the Ministry of Health and Prevention.The UAE’s innovative approach to taxing sweetened beverages based on sugar content positions the country as a leader in using fiscal policy to drive public health outcomes, with potential ripple effects across the region.

     

  • Parliament passes ‘Bills of Lading, 2025’ to modernize maritime law in India

    Source: Government of India

    Source: Government of India (4)

    In a landmark development for India’s maritime sector, Parliament on Monday passed the Bills of Lading, 2025, replacing the 169-year-old colonial-era Indian Bills of Lading Act, 1856. The Rajya Sabha cleared the bill on the first day of the Monsoon Session, following its earlier passage in the Lok Sabha in March 2025. The bill now awaits Presidential assent before becoming law.

    Tabled by Union Minister for Ports, Shipping and Waterways Sarbananda Sonowal, the bill marks a significant step in India’s efforts to overhaul outdated legal frameworks and align them with contemporary global standards. Once enacted, the legislation will simplify maritime shipping documentation in India, making it more transparent, efficient, and in tune with international trade practices.

    Speaking in the Rajya Sabha, Minister Sonowal emphasized that the reform is part of the government’s broader mission to build a “Viksit Bharat” by 2047, as envisioned by Prime Minister Narendra Modi. “This vision is not merely aspirational; it is a call to action, urging us to align our efforts and aspirations with the promise of a new and prosperous Bharat,” he said.

    The Bills of Lading, 2025 introduces modern, business-friendly terminology and streamlines the rights and obligations of carriers, shippers, and lawful holders. It aims to reduce ambiguity in shipping documentation, minimize litigation risks, and strengthen India’s position in global trade by adopting internationally recognized norms.

    The new legislation also features simplified legal language and restructures complex provisions. It includes an enabling clause empowering the Central Government to issue directives for effective implementation. A standard repeal and saving clause ensures that all past actions under the old Act remain valid, maintaining legal continuity.

    Minister Sonowal described the passage of the bill as a decisive move away from colonial legacies and toward a legal system that reflects India’s constitutional values and current economic aspirations. “As we reflect on the 76th year since the adoption of the Indian Constitution, it is the perfect moment to cast aside the remnants of colonial and pre-constitutional legacies that hinder our progress,” he said.

  • Parliament passes ‘Bills of Lading, 2025’ to modernize maritime law in India

    Source: Government of India

    Source: Government of India (4)

    In a landmark development for India’s maritime sector, Parliament on Monday passed the Bills of Lading, 2025, replacing the 169-year-old colonial-era Indian Bills of Lading Act, 1856. The Rajya Sabha cleared the bill on the first day of the Monsoon Session, following its earlier passage in the Lok Sabha in March 2025. The bill now awaits Presidential assent before becoming law.

    Tabled by Union Minister for Ports, Shipping and Waterways Sarbananda Sonowal, the bill marks a significant step in India’s efforts to overhaul outdated legal frameworks and align them with contemporary global standards. Once enacted, the legislation will simplify maritime shipping documentation in India, making it more transparent, efficient, and in tune with international trade practices.

    Speaking in the Rajya Sabha, Minister Sonowal emphasized that the reform is part of the government’s broader mission to build a “Viksit Bharat” by 2047, as envisioned by Prime Minister Narendra Modi. “This vision is not merely aspirational; it is a call to action, urging us to align our efforts and aspirations with the promise of a new and prosperous Bharat,” he said.

    The Bills of Lading, 2025 introduces modern, business-friendly terminology and streamlines the rights and obligations of carriers, shippers, and lawful holders. It aims to reduce ambiguity in shipping documentation, minimize litigation risks, and strengthen India’s position in global trade by adopting internationally recognized norms.

    The new legislation also features simplified legal language and restructures complex provisions. It includes an enabling clause empowering the Central Government to issue directives for effective implementation. A standard repeal and saving clause ensures that all past actions under the old Act remain valid, maintaining legal continuity.

    Minister Sonowal described the passage of the bill as a decisive move away from colonial legacies and toward a legal system that reflects India’s constitutional values and current economic aspirations. “As we reflect on the 76th year since the adoption of the Indian Constitution, it is the perfect moment to cast aside the remnants of colonial and pre-constitutional legacies that hinder our progress,” he said.

  • MIL-OSI: NBPE – Net Asset Value(s)

    Source: GlobeNewswire (MIL-OSI)

    THE INFORMATION CONTAINED HEREIN IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO AUSTRALIA, CANADA, ITALY, DENMARK, JAPAN, THE UNITED STATES, OR TO ANY NATIONAL OF SUCH JURISDICTIONS

    NBPE Announces June Monthly NAV Estimate

    St, Peter Port, Guernsey, 22 July 2025

    NB Private Equity Partners (NBPE), the $1.2bn1, FTSE 250, listed private equity investment company managed by Neuberger Berman, today announces its 30 June 2025 monthly NAV estimate.

    NAV Highlights (30 June 2025)

    • NAV per share was $27.42 (£20.01), a total return of 0.5% in the month
    • Total realisations of $68 million and $8 million of follow-on investments in the first half of 2025
    • $284 million of available liquidity at 30 June 2025
    • ~51k shares repurchased (~$1 million) during June 2025 at a weighted average discount of 30% which was accretive to NAV by ~$0.01 per share. Year-to-date, NBPE has repurchased ~759k shares (~$15 million) at a weighted average discount of 29% which was accretive to NAV by ~$0.11 per share
    As of 30 June 2025 Year to Date One Year 3 years 5 years 10 years
    NAV TR (USD)*
    Annualised
    1.3% 3.6% 5.8%
    1.9%
    76.1%
    12.0%
    158.3%
    10.0%
    MSCI World TR (USD)*
    Annualised
    9.3% 16.8% 68.0%
    18.9%
    101.9%
    15.1%
    189.9%
    11.2%
               
    Share price TR (GBP)*
    Annualised
    (7.6%) (6.9%) 10.4%
    3.3%
    91.6%
    13.9%
    185.1%
    11.0%
    FTSE All-Share TR (GBP)*
    Annualised
    9.1% 11.2% 35.5%
    10.7%
    67.3%
    10.8%
    92.7%
    6.8%

    * All NBPE performance figures assume re-investment of dividends on the ex-dividend date and reflect cumulative returns over the relevant time periods shown. Three-year, five-year and ten-year annualised returns are presented for USD NAV, MSCI World (USD), GBP Share Price and FTSE All-Share (GBP) Total Returns.

    Portfolio Update to 30 June 2025

    NAV performance during the month driven by:

    • 0.7% NAV increase ($9 million) from changes in FX rates
    • 0.1% NAV increase ($1 million) attributable to changes in prices of quoted holdings (which now constitute 6% of portfolio fair value)
    • Immaterial impact on NAV from additional private valuation information received during the month
    • 0.2% NAV decrease ($3 million) attributable to expense accruals

    $68 million of realisations in the first half of 2025

    • Of the $68 million received during the first half, over three-quarters of the proceeds are from full and partial sales / exits of private holdings; remaining realisations consisted of proceeds from the sales of quoted holdings and other partial realisations

    $284 million of total liquidity at 30 June 2025

    • $74 million of cash and liquid investments with $210 million of undrawn credit line available

    2025 Share Buybacks

    • ~51k shares repurchased in June 2025 at a weighted average discount of 30%; buybacks were accretive to NAV by ~$0.01 per share
    • Year-to-date, NBPE has repurchased ~759k shares at a weighted average discount of 29% which were accretive to NAV by ~$0.11 per share

    Portfolio Valuation

    The fair value of NBPE’s portfolio as of 30 June 2025 was based on the following information:

    • 6% of the portfolio was valued as of 30 June 2025
      • 6% in public securities
    • 94% of the portfolio was valued as of 31 March 2025
      • 94% in private direct investments

    For further information, please contact:

    NBPE Investor Relations        +44 (0) 20 3214 9002
    Luke Mason        NBPrivateMarketsIR@nb.com  

    Kaso Legg Communications        +44 (0)20 3882 6644

    Charles Gorman        nbpe@kl-communications.com
    Luke Dampier
    Charlotte Francis

    Supplementary Information (as at 30 June 2025)

    Company Name Vintage Lead Sponsor Sector Fair Value ($m) % of FV
    Action 2020 3i Consumer 86.6 6.9%
    Osaic 2019 Reverence Capital Financial Services 63.4 5.0%
    Solenis 2021 Platinum Equity Industrials 59.8 4.7%
    BeyondTrust 2018 Francisco Partners Technology / IT 47.7 3.8%
    Monroe Engineering 2021 AEA Investors Industrials 44.7 3.5%
    Business Services Company* 2017 Not Disclosed Business Services 40.2 3.2%
    Branded Cities Network 2017 Shamrock Capital Communications / Media 37.3 3.0%
    True Potential 2022 Cinven Financial Services 35.6 2.8%
    Mariner 2024 Leonard Green & Partners Financial Services 33.7 2.7%
    FDH Aero 2024 Audax Group Industrials 32.9 2.6%
    Marquee Brands 2014 Neuberger Berman Consumer 31.6 2.5%
    GFL (NYSE: GFL) 2018 BC Partners Business Services 30.5 2.4%
    Auctane 2021 Thoma Bravo Technology / IT 29.1 2.3%
    Fortna 2017 THL Industrials 28.7 2.3%
    Staples 2017 Sycamore Partners Business Services 27.7 2.2%
    Viant 2018 JLL Partners Healthcare 27.3 2.2%
    Engineering 2020 NB Renaissance / Bain Capital Technology / IT 27.2 2.2%
    Stubhub 2020 Neuberger Berman Consumer 26.4 2.1%
    Agiliti 2019 THL Healthcare 25.3 2.0%
    Kroll 2020 Further Global / Stone Point Financial Services 25.0 2.0%
    Benecon 2024 TA Associates Healthcare 24.7 2.0%
    Solace Systems 2016 Bridge Growth Partners Technology / IT 24.6 1.9%
    Excelitas 2022 AEA Investors Industrials 24.1 1.9%
    Exact 2019 KKR Technology / IT 24.0 1.9%
    Constellation Automotive 2019 TDR Capital Business Services 21.4 1.7%
    CH Guenther 2021 Pritzker Private Capital Consumer 21.2 1.7%
    Tendam 2017 PAI Consumer 20.0 1.6%
    Addison Group 2021 Trilantic Capital Partners Business Services 19.9 1.6%
    Bylight 2017 Sagewind Partners Technology / IT 19.9 1.6%
    Real Page 2021 Thoma Bravo Technology / IT 18.8 1.5%
    Total Top 30 Investments                              $979.2 77.5%

    *Undisclosed company due to confidentiality provisions.

    Geography % of Portfolio
    North America 76%
    Europe 23%
    Asia / Rest of World 1%
    Total Portfolio 100%
       
    Industry % of Portfolio
    Tech, Media & Telecom 23%
    Consumer / E-commerce 22%
    Industrials / Industrial Technology 17%
    Financial Services 14%
    Business Services 11%
    Healthcare 8%
    Other 3%
    Energy 1%
    Total Portfolio 100%
       
    Vintage Year % of Portfolio
    2016 & Earlier 10%
    2017 16%
    2018 13%
    2019 13%
    2020 14%
    2021 18%
    2022 6%
    2023 2%
    2024 8%
    Total Portfolio 100%

    About NB Private Equity Partners Limited
    NBPE invests in direct private equity investments alongside market leading private equity firms globally. NB Alternatives Advisers LLC (the “Investment Manager”), an indirect wholly owned subsidiary of Neuberger Berman Group LLC, is responsible for sourcing, execution and management of NBPE. The vast majority of direct investments are made with no management fee / no carried interest payable to third-party GPs, offering greater fee efficiency than other listed private equity companies. NBPE seeks capital appreciation through growth in net asset value over time while paying a bi-annual dividend.

    LEI number: 213800UJH93NH8IOFQ77

    About Neuberger Berman
    Neuberger Berman is an employee-owned, private, independent investment manager founded in 1939 with over 2,800 employees in 26 countries. The firm manages $538 billion of equities, fixed income, private equity, real estate and hedge fund portfolios for global institutions, advisors and individuals. Neuberger’s investment philosophy is founded on active management, fundamental research and engaged ownership. The firm has been named by Pensions & Investments as the #1 or #2 Best Place to Work in Money Management for each of the last eleven years (firms with more than 1,000 employees). Visit www.nb.com for more information, including www.nb.com/disclosure-global-communications for information on awards. Data as of June 30, 2025, unless stated otherwise.

    This press release appears as a matter of record only and does not constitute an offer to sell or a solicitation of an offer to purchase any security.

    NBPE is established as a closed-end investment company domiciled in Guernsey. NBPE has received the necessary consent of the Guernsey Financial Services Commission. The value of investments may fluctuate. Results achieved in the past are no guarantee of future results. This document is not intended to constitute legal, tax or accounting advice or investment recommendations. Prospective investors are advised to seek expert legal, financial, tax and other professional advice before making any investment decision. Statements contained in this document that are not historical facts are based on current expectations, estimates, projections, opinions and beliefs of NBPE’s investment manager. Such statements involve known and unknown risks, uncertainties and other factors, and undue reliance should not be placed thereon. Additionally, this document contains “forward-looking statements.” Actual events or results or the actual performance of NBPE may differ materially from those reflected or contemplated in such targets or forward-looking statements.


    1Based on net asset value.

    Attachment

    The MIL Network

  • South Korea’s Lee orders all-out effort to find missing after floods

    Source: Government of India

    Source: Government of India (4)

    South Korea’s President Lee Jae Myung told public officials on Tuesday to “spare no effort” in the search for missing people and on damage recovery after days of torrential rains left a trail of destruction in various parts of the country.

    The wet weather has now subsided, though media reports said heavy rainfall was drenching parts of North Korea.

    Some 19 people have died and nine were still missing in South Korea as of Tuesday morning, while 2,549 people remained displaced, the Ministry of the Interior and Safety said.

    Damage to property was extensive with some 3,776 facilities, including homes, shops and factories needing to be cleared of water, debris and earth, it said.

    Noting the limitations of existing methods in coping with last week’s rain, Lee ordered the prime minister and all related ministries to establish a comprehensive response system for natural disasters by region and type.

    Lee also told a cabinet meeting to “strictly crack down on mindless public officials who enjoy dancing and drinking at.. locations where people are dying.”

    The president’s approval rating fell to 62.2% from 64.6% previously according to pollster Realmeter, in a survey conducted last week during the torrential rains.

    Lee, who took office in June, has promised to make the country safer and to prevent any repeat of the disasters in recent years that have often been blamed on the inadequate response by authorities.

    (Reuters)

  • MIL-OSI United Kingdom: Sizewell C gets green light with final investment decision

    Source: United Kingdom – Executive Government & Departments

    Press release

    Sizewell C gets green light with final investment decision

    Government agrees final investment decision to give Sizewell C nuclear plant the go-ahead.

    • Energy Secretary signs off on multi-billion-pound deal for Sizewell C, that will deliver clean power for the equivalent of six million homes and support 10,000 jobs at peak construction. 

    • Government secures deal that will see Sizewell deliver electricity system savings of £2 billion a year on average once operational. 

    • The government will become the largest shareholder, alongside private investors EDF, Centrica, La Caisse and Amber Infrastructure. 

    •  Project will be built for around 20 per cent less than virtual replica Hinkley Point C, as part of the government’s Plan for Change to kick-start economic growth and protect family finances.

    Millions of working people will benefit from cheaper clean power, as the government agrees a landmark, multi-billion-pound deal to build Sizewell C – a major step forward in the delivery of a new ‘golden age’ of nuclear under the government’s Plan for Change. 

    The Energy Secretary has today (22 July) signed the final investment decision for Sizewell C, which will deliver clean power for the equivalent of six million homes and support 10,000 jobs once operational. The deal represents the country’s most significant public investment in clean, homegrown energy this century – in a major boost for energy security, jobs and economic growth.  

    The deal ends an era of dithering and delay to give Sizewell C the go-ahead, that will help secure Britain’s home-grown nuclear supply far beyond 2030. It marks a major step in the government’s clean energy superpower mission, which is about replacing the UK’s dependence on fossil fuel markets with clean homegrown power that the country controls, to bring down bills for good and protect family finances. 

    The plant will deliver cheaper clean electricity for generations of families for at least six decades. Analysis shows the project could create savings of £2 billion a year across the future low-carbon electricity system once operational – leading to cheaper power for consumers. 

    The project will also help to kick-start economic growth and get Britain building. At peak construction, Sizewell C will support 10,000 jobs directly employed in the project, and thousands more in the nationwide supply chain, as well as creating 1,500 apprenticeships. Seventy per cent of the value of construction is set to be awarded to British businesses – Sizewell C Ltd anticipates it will have 3,500 UK companies in its supply chain across the entire country.   

    Energy Secretary Ed Miliband said:

    It is time to do big things and build big projects in this country again- and today we announce an investment that will provide clean, homegrown power to millions of homes for generations to come. 

    This government is making the investment needed to deliver a new golden age of nuclear, so we can end delays and free us from the ravages of the global fossil fuel markets to bring bills down for good.

    The government has confirmed it will take an initial 44.9 per cent stake to become the single biggest equity shareholder in the project – meaning the British people will benefit from the government’s investment.  

    The new Sizewell C shareholders include La Caisse with 20 per cent, Centrica with 15 per cent, and Amber Infrastructure with an initial 7.6 per cent. This comes alongside French energy giant EDF taking a 12.5 per cent take in the project, set out earlier this month, as well as a proposed £5 billion debt guarantee from France’s export credit agency, Bpifrance Assurance Export, to back the company’s commercial bank loans.  

    Alongside this investment, the National Wealth Fund – the government’s principal investor and policy bank – is making its first investment in nuclear energy. It will provide the majority of the project’s debt finance, working alongside Bpifrance Assurance Export, to help support the building of the power plant. 

    Chancellor of the Exchequer Rachel Reeves said:

    La Caisse, Centrica and Amber’s multi-billion pound investment is a powerful endorsement of the UK as the best place to do business and as a global hub for nuclear energy. 

    Delivering next generation, publicly-owned clean power is vital to our energy security and growth, which is why we backed Sizewell C.  This investment will create thousands of good quality jobs and boost the local economy as we deliver on our Plan for Change.

    Julia Pyke and Nigel Cann, Joint Managing Directors of Sizewell C, said:

    We’re delighted to welcome new investors alongside Government and EDF who, like our suppliers, have strong incentives to keep costs under control and ensure we deliver Sizewell C successfully for consumers and taxpayers 

    By investing in Sizewell C, they are laying the foundations for a more secure, cleaner and more affordable energy system. Because 70% of our construction spend will be in the UK, with a £4.4bn commitment to the east of England, they will also help to create thousands of great jobs and new opportunities for people and businesses up and down the country.  

    We are determined to deliver this major infrastructure differently, and to make sure this is a project Britain can be proud of.

    The investment deal builds on lessons learnt from the construction of Hinkley Point C to provide a funding model that spreads the around £38 billion cost of constructing Sizewell C between consumers, taxpayers and private investors. This represents a saving of around 20 per cent compared with Hinkley Point C and demonstrates the value of building a virtual replica project. 

    For the first time, the British people will be co-owners of a nuclear power plant alongside experienced private sector partners – with consumers to benefit from the government’s investment. This will ensure the impact on consumer bills is limited to an average of around £1 per month over the duration of Sizewell C’s construction, with the nuclear plant to deliver cheaper clean power for decades to come once operational. 

    Despite the UK’s strong nuclear legacy, including opening the world’s first commercial nuclear power station in the 1950s, no new nuclear plant has opened in the UK since 1995, with all of the existing fleet except Sizewell B likely to be phased out by the early 2030s.   

    Sizewell C was one of eight sites identified in 2009 by then-Energy Secretary Ed Miliband as a potential site for new nuclear. However, the project was not fully funded in the 14 years that followed under subsequent governments.   

    The government’s nuclear programme is now the most ambitious for a generation. Once small modular reactors and Sizewell C come online in the 2030s, combined with Hinkley Point C, this will deliver more new nuclear to the grid than over the previous half century combined. 

    Recently, the government also set out next steps for small modular reactors in the UK and last month selected Rolls-Royce SMR as the preferred bidder to build first reactors of this kind in the country. Following this, the Prime Minister signed a new agreement with Czech Prime Minister Fiala last week that will see the two countries work more closely on small modular reactors to seize export opportunities and support high-skilled jobs. 

    John Flint, National Wealth Fund CEO, said:

    Nuclear energy is a key component on the path to deliver the Government’s growth and clean energy missions, and our financing for Sizewell C will help provide decades of clean, reliable electricity for millions of homes across the country.  

    We have a critical role to play in solving financing problems across a broad waterfront of relevant sectors and Treasury has recognised that today by providing the NWF with additional capital required to enable our lending to Sizewell C. As the government’s flagship investor and policy bank, it is a privilege to be able to play such a significant role in a project of such national importance.

    Gavin Tait, Chief Executive Officer, Amber Infrastructure Group, a Boyd Watterson Global Company, investment adviser to International Public Partnerships Limited, said: 

    We have worked in partnership with the UK Government to adapt the way a construction project of Sizewell C’s scale and importance can be financed to attract the long-term investment of institutional investors and retail savers. INPP has helped finance new infrastructure in the UK since 2006, and Sizewell C is a landmark example of how the public and private sectors can invest together to strengthen national energy security and support future economic growth.

    Chris O’Shea, Centrica Group Chief Executive, said:

    The UK needs more reliable, affordable, zero carbon electricity, and Sizewell C will be critical to supporting the country’s energy system for many decades to come. That’s why I’m delighted to be announcing this milestone investment which will see Centrica commit £1.3 billion for a 15% equity stake in the project, and deepens our long-standing involvement in the UK nuclear industry. This isn’t just an investment in a new power station – it’s an investment in Britain’s energy independence, our net zero journey, and thousands of high-quality jobs across the country. 

    Sizewell C is a compelling investment for our shareholders and the country as a whole, and I look forward to working with our world-class partners, EDF, La Caisse, Amber Infrastructure Group and the UK government, to make the project a great success.

    Simone Rossi, CEO of EDF in the UK said:

    EDF welcomes the government’s announcement that it has delivered on its commitment to take a final investment decision on the Sizewell C project.  

    Alongside Hinkley Point C, the project will help drive economic growth, strengthen energy security and lower bills over the long term. 

    The confirmation of the private investment is very positive and reflects the growing attraction of the role of nuclear power in the energy transition. It could also pave the way for the financing of future large nuclear projects in the UK.

    Emmanuel Jaclot, Executive Vice-President and Head of Infrastructure at La Caisse said:

    Our commitment to invest in Sizewell C reflects La Caisse’s constructive capital approach, working to deliver optimal financial performance for our clients alongside broader economic and societal progress.  

    La Caisse has a strong track record of bringing private sector expertise alongside governments and industrial players to invest in complex, regulated infrastructure where value-for-money for consumers is key. Sizewell C is a positive development for UK consumers, as it is expected to provide long-term reliable baseload power and low carbon energy to more than 6 million homes across the UK, while contributing to the creation of 10,000 new jobs at peak construction and thousands more in the nationwide supply chain.  

    We’re proud to support the UK Government in delivering this landmark project, advancing the country’s energy security and economic growth ambitions. Our investment demonstrates our confidence in the UK market – our largest destination outside North America – and aligns with our commitment to the energy transition and decarbonization, enabled by our long-term capital and active ownership.

    Ofgem CEO Jonathan Brearley said:

    Ofgem welcomes the government’s decision to move forwards with the Sizewell C project. New nuclear power stations such as this have a key role to play in enhancing Great Britain’s energy security with reliable domestically generated clean power.  

    Ofgem has been working closely with the government to develop the new regulatory framework to help drive investment in nuclear energy and deliver the best deal for consumers.

    Neil McDermott, Chief Executive of LCCC, said:

    Sizewell C is a pivotal project in the transition to a clean, secure energy system. It will deliver reliable low carbon power for decades to come, while supporting jobs and investment across the country. 

    LCCC is proud to support this milestone through its role as the revenue collection counterparty. Our independent role ensures funds are managed fairly and transparently, protecting value for consumers and enabling long-term investor confidence in low carbon infrastructure.

    Notes to editors:

    • Sizewell C has already signed £330 million in contracts with local companies and will boost supply chains across the UK with 70% of contracts predicted to go to 3,500 British suppliers – supporting new jobs in construction, welding, and hospitality.  

    • The government has published a subsidy scheme for the Final Investment Decision in Sizewell C. This scheme covers the government’s equity and debt investment in the project, as well as the value of consumer levies from the RAB delivery model – a Government Support Package to protect investors from high-impact low-probability risks, and other guarantees.  

    • The Sizewell C project is consolidated to the government’s balance sheet, meaning that all investment from the government and new investors is on the balance sheet.  

    • The total equity and debt finance made available exceeds the target construction cost of around £38 billion (2024 prices), this acts as a safeguard for taxpayers in case of overruns and is standard for a project of this size and complexity.  The project supply chain is strongly incentivised to keep costs down and investors will lose potential revenue if there are overruns, reducing risk for taxpayers. 

    • According to our Value for Money assessment SZC could reduce the cost of a low-carbon electricity system by around £2 billion per year on average, once operational.  

    • Urenco recently confirmed a 15-year deal with EDF to produce fuel for nuclear power stations. The multi-billion-euro contract, with significant value for the UK, will support Urenco UK’s workforce of more than 1,400 people and support the company’s important contribution to UK economic growth, which represented more than £256 million in 2023.  

    • French engineering company Assystem has also set out plans to double its nuclear workforce in the UK, creating 1,000 new engineering, digital and management jobs by 2030 across 10 UK sites, including in Sunderland, Blackburn, Derby, Bristol and London. 

    • The government is providing the National Wealth Fund with additional capital to facilitate this lending to Sizewell C, separate to the existing £27.8bn which will continue to be invested across the NWF’s priority sectors. For National Wealth Fund queries, please contact press@nationalwealthfund.org.uk

    Updates to this page

    Published 22 July 2025

    MIL OSI United Kingdom

  • MIL-OSI USA: Cortez Masto, Bipartisan Delegation Meet with Canadian Prime Minister, Discuss Critical U.S.-Canada Trade Partnership  

    US Senate News:

    Source: United States Senator for Nevada Cortez Masto

    On a bipartisan trip to Ottawa, Senator Cortez Masto highlighted the harm President Trump’s trade war with Canada is having on Nevada’s travel and tourism economy

    Washington, D.C. – Today, U.S. Senator Catherine Cortez Masto (D-Nev.) returned from a bipartisan trip to Canada with Senators Ron Wyden (D-Ore.), Lisa Murkowski (R-Alaska), and Maggie Hassan (D-N.H.). While there, they met with Canadian Prime Minister Mark Carney to support the resolution of unnecessary trade conflicts between the United States and Canada, which are raising costs for American families and hurting Nevada’s travel and tourism industries.

    “Canada is one of America’s closest trade partners and allies, and in Nevada, we have a special connection with our neighbors to the north,” said Senator Cortez Masto. “Every year, well over a million Canadians visit the Silver State. Despite the chaos of the Trump presidency, I will continue to fight to ensure American workers are treated fairly, while strengthening our ties with Canada to bolster our tourism economy and promote American national security. We can do both.”

    In 2024, Canada was Nevada’s most important foreign market for travel, and 1.49 million Canadian visitors traveled to the state, primarily to Las Vegas. Since President Trump took office, however, the relationship between the United States and Canada has declined, threatening this vital travel and tourism relationship. The airlines with direct flights from Canada to Las Vegas have shown significant passenger declines this year, including a decrease of 64 percent for Flair, 34.6 percent for WestJet, and 22 percent for Air Canada. Overall, visitation from Canada to Las Vegas is down 14.5 percent this year.  

    The Senators also met with Foreign Minister Anita Anand, Finance Minister François-Philippe Champagne, Minister of Industry Melanie Joly and Canada-U.S. Trade Minister Dominic LeBlanc. The members raised a number of trade, tourism and economic issues, the importance of partnering on national security and cybersecurity, and on working together to combat fentanyl trafficking. 

    Senator Cortez Masto has continued to push the Trump Administration to address the impacts of Trump’s tariffs on working families and Nevada small businesses. During a Senate Finance Committee hearing, Cortez Masto pressed U.S. Trade Representative Greer about the impacts of President Trump’s blanket tariffs on Nevadans, particularly those employed in the tourism and hospitality industry. The Senator introduced the Tariff Transparency Act to require the U.S. International Trade Commission to publicly investigate how Donald Trump’s proposed tariffs on imports from Mexico and Canada would impact the American people.

    MIL OSI USA News

  • MIL-OSI Economics: Group CTO Tatsuo Ogawa: Beyond Reform—Technology Future Vision’s Progress and Direction for the Next Generation

    Source: Panasonic

    Headline: Group CTO Tatsuo Ogawa: Beyond Reform—Technology Future Vision’s Progress and Direction for the Next Generation

    The Panasonic Group is implementing extensive management reform, but which direction is technology pointing us in? What sort of future is taking shape before our eyes in this era of transformation? To explore the heart of the matter, we spoke with Tatsuo Ogawa, Executive Officer of Panasonic Holdings Corporation and Group CTO overseeing technology strategy.

    One year later: Three concepts and an unshakable commitment

    We unveiled our Technology Future Vision in July 2024. Since then we’ve received a remarkable amount of internal and external feedback. The support we’ve received, and the specific discussions relating to possible collaboration, have been very encouraging. We see many exciting challenges ahead as we work to realize the vision. The future it embodies remains the same, and we continue to create new technology and businesses as we map out our unique path and push forward.
    In particular, the three core concepts of energy and resources, nurturing a sense of fulfillment, and co-caring are vital guiding principles, as we integrate Panasonic technologies to achieve our overall goal of enhancing quality of life for everyone. We are pressing forward with research and development, so I would like to take this opportunity to update you on the progress we are making in multiple directions.

    1. Toward a society where energy and resources flow: Tackling the hard challenges of the global environment

    We are boldly tackling global environmental challenges through a wide range of R&D initiatives centered on the Green Transformation and Manufacturing Innovation Divisions.

    Perovskite solar cells

    These glass panels can generate energy where conventional solar panels cannot, for example as windows in dense urban areas. We already have a pilot manufacturing line producing near-commercial-size construction elements (1.0 m × 1.8 m). Our industrial inkjet printing system used to produce these panels is so advanced that it received the prestigious Okochi Memorial Technology Prize. Our goal is to integrate renewable energy generation into everyday urban infrastructure for better energy self-sufficiency and greater resilience in case of disasters.

    A Perovskite panel on display at Osaka’s Expo 2025 demonstrates the design potential this technology offers.

    Novitek Bio-CO₂ Transformation technology

    This biostimulant technology promotes plant growth by harnessing the power of photosynthesis, and represents an important step toward turning CO2 into a valuable resource. Field trials are underway in collaboration with Sumitomo Chemical Company, Limited, and Novitek is showing promise as a driver of sustainable agriculture with higher productivity and lower environmental impact.

    kinari (plant-derived cellulose fiber resin composite)

    Panasonic has developed moldable materials that are fully biodegradable in marine environments. It achieved this by taking its proprietary technology for blending high concentrations of plant-based cellulose fibers into resins and applying it to marine-biodegradable, plant-derived resins. In April 2025, Panasonic received the Ichimura Prize in Industry against Global Warming for this and related technologies.

    Tracephere traceability technology

    This technology uses the blockchain to make resource recycling and reuse transparent and trustworthy. It can bring us closer to realizing the circular economy by encouraging the use of recycled materials and preventing illegal dumping.

    Design for Circular Economy (DfCE)

    This initiative aims to drive the transition to a circular economy by designing products with ease of disassembly and recycling in mind. The effort is based on the MI Division’s perspective of maintaining and regenerating value in manufacturing, and will extend product lifespans and reduce waste.

    We also want to expand the positive impacts our activities are having on the environment in FY2025. Efforts in this direction are critically important, not only to halt but reverse biodiversity loss. To this end, we are investing resources in activities that directly support natural capital restoration. An example is our promotion of Nature Symbiosis Site research in areas where biodiversity is already being actively protected by companies, local government, NGOs, and others. These sites are part of Japan’s strategy to meet the global “30 by 30” goal of conserving at least 30% of land and sea by 2030. Another example would be conserving and regenerating blue carbon ecosystems by applying robotics and IoT technologies in collaboration with seaweed aquaculture startups. To ensure transparency and demonstrate our commitment to the environment, we are TCFD* disclosure-compliant and are working to meet TNFD** standards.
    * TCFD: Task Force on Climate-related Financial Disclosures. This organization promotes disclosure by enterprises and other entities of information relating to their climate change-related activities and policies, and how these relate to their financial posture.
    ** TNFD: Taskforce on Nature-related Financial Disclosures. An international organization founded to structure frameworks for corporate risk management relating to natural capital, and for related disclosure.

    2. Toward a society of fulfillment: Creating meaningful time

    We want our technology to help every member of society find fulfillment in their work and daily activities, and be able to have more meaningful, quality time. At the heart of this concept are initiatives from the Digital Transformation & Cyber-Physical Systems Division.

    With digital collection and analysis of data from frontline environments like manufacturing sites, and by providing optimized feedback, we are working to boost operational efficiency and quality and create safer, more secure working environments. We plan to evolve beyond straightforward Kaizen toward Gemba CPS 2.0, a next-generation approach where we reimagine business processes ourselves from the design stage.
    We are also developing systems that provide direct support to keep workers safe and enhance their productivity. One of these is Reliable/Safe Operation Support, which helps users prevent work-related accidents.

    3. Toward a society of co-caring: Caring for self and others

    The third concept is a society where a harmonious state of mind and body encourages co-caring relationships with the people around us. The key to realizing this society is technology that deepens Human Insight.

    Verification test environment for time value enhancement of travel experience

    Human Insight technology

    This uses advanced sensing to collect a wide range, not only of biometric data like heart rate, respiration, and physical movements, but also of behavioral data. It then applies AI to model the individual’s physical and mental condition and characteristics, and even aspects of interactions with others. Then, by stimulating the five senses through environmental parameters including light, sound, scent, and temperature sensations, it aims to guide the individual toward an enhanced state of well-being.

    We are developing technologies that use heart rate to identify different types of stress, score a subject’s degree of meditative depth and provide constructive feedback, apply measured levels of concentration to the improvement of work environments, and other applications. We are also exploring unique research topics. Biophilic Hi-Res Sound enhances relaxation through wide-band audio and can strengthen brainwaves associated with relaxation. Therapeutic Sound promotes mental and physical well-being using sound with inaudible components, and can reduce stress levels during cognitive tasks.
    These technologies are undergoing development and field testing in a range of settings and realistic use cases. The success of this work will enhance physical and mental well-being and help people realize more creative, fulfilling lives.

    Cell therapy solutions

    Regenerative medicine is a key area of focus. Treatments that utilize the patient’s own cells and iPS cells offer great promise. Nevertheless, cell manufacturing remains inefficient, labor-intensive, and costly. We are currently collaborating with partners including the Center for iPS Cell Research and Application (CiRA) at Kyoto University to develop an automated system that reliably produces high-quality therapeutic cells in a cost-effective way by combining Panasonic expertise in biotechnology, precision manufacturing equipment, data analysis, and simulation. We are confident we can help make individually-tailored treatments accessible to more people, and contribute materially to extending healthy life span and improving quality of life.

    Synergy between structural reform and technology development: Focusing on what truly matters

    Panasonic is implementing group-wide management reform, and the impact of these efforts naturally extends to our technology divisions. Budget cuts are part of our efforts to optimize our operations, but I don’t view this as a negative. Instead, I see it as a great opportunity to focus our resources on the initiatives that truly matter as we extend our technological development.
    Most important is to select the themes that are likely to have the greatest impact toward realizing our Future Technology Vision, and apply our limited resources to investments that will generate the greatest return.
    As we do so, open innovation-style collaboration with universities and enterprises will only become more important. To enhance the speed and quality of our development, we will actively incorporate external knowledge and technologies rather than attempt to go it alone.
    What matters most is that we foster a culture of embracing challenges. As our founder Konosuke Matsushita once said, “Don’t fear mistakes. Fear a lack of resolve.” The process of creating new value inevitably includes setbacks. What can we learn from them? How can we apply those lessons? I’m convinced that such experiences strengthen our entire technology organization.

    How will AI illuminate the future?

    AI is a critical enabling technology for current and future innovation. To reinforce our group commitment to AI, we have launched a new initiative called Panasonic Go. Its goal is to expand the share of AI-related businesses to 30% of group sales by FY2035. In my view, this transformation will mark our evolution into a new breed of enterprise, with seamless vertical and horizontal connections across multiple layers of the organization.

    While we are still defining specific business targets for FY2035, our goal is to leverage AI and data to connect value that is now provided through individual products and services. We will not simply embed AI in products, but apply it across R&D workflows to boost efficiency and boldly tackle the challenge of creating new value.
    As AI extends into every corner of society, security technology becomes more and more important. From individual product security to security for whole factories and complete IT systems, we are reinforcing our efforts to deliver safety and peace of mind to customers by combining cutting-edge AI with expertise accumulated over many years. We are already contributing to society in tangible ways, such as shielding manufacturing lines from malware, or structuring security systems for entire office buildings.

    Panasonic means hope to everyone invested in the future

    From my perspective as CTO, I’m continually giving thought to how Panasonic technologies can contribute to future society. I think the answer begins in our founding DNA, which embodies a deep-rooted desire to improve people’s lives through manufacturing.
    To those who will lead tomorrow’s society, especially young people shaping the future, and to our engineers at Panasonic, I would say this: Don’t do only what you can do, but keep asking yourself what you should do. No matter how challenging the circumstances, I hope you’ll never lose your optimism. My own motto is, “Good fortune comes to those who smile.” If you’re always optimistic and willing to tackle challenges, I’m confident that a path forward is certain to open up.
    For more than a century, Panasonic has been a part of people’s lives through technology. The trust and technological achievement we have accumulated throughout our history are precious assets. Nevertheless, we must keep our eyes on the future and continue to challenge ourselves to create new value.
    With the Future Technology Vision to guide us, we will achieve transformation as a united Panasonic Group, and do our utmost to deliver futures filled with promise.

    Related Articles

    MIL OSI Economics

  • MIL-OSI Economics: Group CTO Tatsuo Ogawa: Beyond Reform—Technology Future Vision’s Progress and Direction for the Next Generation

    Source: Panasonic

    Headline: Group CTO Tatsuo Ogawa: Beyond Reform—Technology Future Vision’s Progress and Direction for the Next Generation

    The Panasonic Group is implementing extensive management reform, but which direction is technology pointing us in? What sort of future is taking shape before our eyes in this era of transformation? To explore the heart of the matter, we spoke with Tatsuo Ogawa, Executive Officer of Panasonic Holdings Corporation and Group CTO overseeing technology strategy.

    One year later: Three concepts and an unshakable commitment

    We unveiled our Technology Future Vision in July 2024. Since then we’ve received a remarkable amount of internal and external feedback. The support we’ve received, and the specific discussions relating to possible collaboration, have been very encouraging. We see many exciting challenges ahead as we work to realize the vision. The future it embodies remains the same, and we continue to create new technology and businesses as we map out our unique path and push forward.
    In particular, the three core concepts of energy and resources, nurturing a sense of fulfillment, and co-caring are vital guiding principles, as we integrate Panasonic technologies to achieve our overall goal of enhancing quality of life for everyone. We are pressing forward with research and development, so I would like to take this opportunity to update you on the progress we are making in multiple directions.

    1. Toward a society where energy and resources flow: Tackling the hard challenges of the global environment

    We are boldly tackling global environmental challenges through a wide range of R&D initiatives centered on the Green Transformation and Manufacturing Innovation Divisions.

    Perovskite solar cells

    These glass panels can generate energy where conventional solar panels cannot, for example as windows in dense urban areas. We already have a pilot manufacturing line producing near-commercial-size construction elements (1.0 m × 1.8 m). Our industrial inkjet printing system used to produce these panels is so advanced that it received the prestigious Okochi Memorial Technology Prize. Our goal is to integrate renewable energy generation into everyday urban infrastructure for better energy self-sufficiency and greater resilience in case of disasters.

    A Perovskite panel on display at Osaka’s Expo 2025 demonstrates the design potential this technology offers.

    Novitek Bio-CO₂ Transformation technology

    This biostimulant technology promotes plant growth by harnessing the power of photosynthesis, and represents an important step toward turning CO2 into a valuable resource. Field trials are underway in collaboration with Sumitomo Chemical Company, Limited, and Novitek is showing promise as a driver of sustainable agriculture with higher productivity and lower environmental impact.

    kinari (plant-derived cellulose fiber resin composite)

    Panasonic has developed moldable materials that are fully biodegradable in marine environments. It achieved this by taking its proprietary technology for blending high concentrations of plant-based cellulose fibers into resins and applying it to marine-biodegradable, plant-derived resins. In April 2025, Panasonic received the Ichimura Prize in Industry against Global Warming for this and related technologies.

    Tracephere traceability technology

    This technology uses the blockchain to make resource recycling and reuse transparent and trustworthy. It can bring us closer to realizing the circular economy by encouraging the use of recycled materials and preventing illegal dumping.

    Design for Circular Economy (DfCE)

    This initiative aims to drive the transition to a circular economy by designing products with ease of disassembly and recycling in mind. The effort is based on the MI Division’s perspective of maintaining and regenerating value in manufacturing, and will extend product lifespans and reduce waste.

    We also want to expand the positive impacts our activities are having on the environment in FY2025. Efforts in this direction are critically important, not only to halt but reverse biodiversity loss. To this end, we are investing resources in activities that directly support natural capital restoration. An example is our promotion of Nature Symbiosis Site research in areas where biodiversity is already being actively protected by companies, local government, NGOs, and others. These sites are part of Japan’s strategy to meet the global “30 by 30” goal of conserving at least 30% of land and sea by 2030. Another example would be conserving and regenerating blue carbon ecosystems by applying robotics and IoT technologies in collaboration with seaweed aquaculture startups. To ensure transparency and demonstrate our commitment to the environment, we are TCFD* disclosure-compliant and are working to meet TNFD** standards.
    * TCFD: Task Force on Climate-related Financial Disclosures. This organization promotes disclosure by enterprises and other entities of information relating to their climate change-related activities and policies, and how these relate to their financial posture.
    ** TNFD: Taskforce on Nature-related Financial Disclosures. An international organization founded to structure frameworks for corporate risk management relating to natural capital, and for related disclosure.

    2. Toward a society of fulfillment: Creating meaningful time

    We want our technology to help every member of society find fulfillment in their work and daily activities, and be able to have more meaningful, quality time. At the heart of this concept are initiatives from the Digital Transformation & Cyber-Physical Systems Division.

    With digital collection and analysis of data from frontline environments like manufacturing sites, and by providing optimized feedback, we are working to boost operational efficiency and quality and create safer, more secure working environments. We plan to evolve beyond straightforward Kaizen toward Gemba CPS 2.0, a next-generation approach where we reimagine business processes ourselves from the design stage.
    We are also developing systems that provide direct support to keep workers safe and enhance their productivity. One of these is Reliable/Safe Operation Support, which helps users prevent work-related accidents.

    3. Toward a society of co-caring: Caring for self and others

    The third concept is a society where a harmonious state of mind and body encourages co-caring relationships with the people around us. The key to realizing this society is technology that deepens Human Insight.

    Verification test environment for time value enhancement of travel experience

    Human Insight technology

    This uses advanced sensing to collect a wide range, not only of biometric data like heart rate, respiration, and physical movements, but also of behavioral data. It then applies AI to model the individual’s physical and mental condition and characteristics, and even aspects of interactions with others. Then, by stimulating the five senses through environmental parameters including light, sound, scent, and temperature sensations, it aims to guide the individual toward an enhanced state of well-being.

    We are developing technologies that use heart rate to identify different types of stress, score a subject’s degree of meditative depth and provide constructive feedback, apply measured levels of concentration to the improvement of work environments, and other applications. We are also exploring unique research topics. Biophilic Hi-Res Sound enhances relaxation through wide-band audio and can strengthen brainwaves associated with relaxation. Therapeutic Sound promotes mental and physical well-being using sound with inaudible components, and can reduce stress levels during cognitive tasks.
    These technologies are undergoing development and field testing in a range of settings and realistic use cases. The success of this work will enhance physical and mental well-being and help people realize more creative, fulfilling lives.

    Cell therapy solutions

    Regenerative medicine is a key area of focus. Treatments that utilize the patient’s own cells and iPS cells offer great promise. Nevertheless, cell manufacturing remains inefficient, labor-intensive, and costly. We are currently collaborating with partners including the Center for iPS Cell Research and Application (CiRA) at Kyoto University to develop an automated system that reliably produces high-quality therapeutic cells in a cost-effective way by combining Panasonic expertise in biotechnology, precision manufacturing equipment, data analysis, and simulation. We are confident we can help make individually-tailored treatments accessible to more people, and contribute materially to extending healthy life span and improving quality of life.

    Synergy between structural reform and technology development: Focusing on what truly matters

    Panasonic is implementing group-wide management reform, and the impact of these efforts naturally extends to our technology divisions. Budget cuts are part of our efforts to optimize our operations, but I don’t view this as a negative. Instead, I see it as a great opportunity to focus our resources on the initiatives that truly matter as we extend our technological development.
    Most important is to select the themes that are likely to have the greatest impact toward realizing our Future Technology Vision, and apply our limited resources to investments that will generate the greatest return.
    As we do so, open innovation-style collaboration with universities and enterprises will only become more important. To enhance the speed and quality of our development, we will actively incorporate external knowledge and technologies rather than attempt to go it alone.
    What matters most is that we foster a culture of embracing challenges. As our founder Konosuke Matsushita once said, “Don’t fear mistakes. Fear a lack of resolve.” The process of creating new value inevitably includes setbacks. What can we learn from them? How can we apply those lessons? I’m convinced that such experiences strengthen our entire technology organization.

    How will AI illuminate the future?

    AI is a critical enabling technology for current and future innovation. To reinforce our group commitment to AI, we have launched a new initiative called Panasonic Go. Its goal is to expand the share of AI-related businesses to 30% of group sales by FY2035. In my view, this transformation will mark our evolution into a new breed of enterprise, with seamless vertical and horizontal connections across multiple layers of the organization.

    While we are still defining specific business targets for FY2035, our goal is to leverage AI and data to connect value that is now provided through individual products and services. We will not simply embed AI in products, but apply it across R&D workflows to boost efficiency and boldly tackle the challenge of creating new value.
    As AI extends into every corner of society, security technology becomes more and more important. From individual product security to security for whole factories and complete IT systems, we are reinforcing our efforts to deliver safety and peace of mind to customers by combining cutting-edge AI with expertise accumulated over many years. We are already contributing to society in tangible ways, such as shielding manufacturing lines from malware, or structuring security systems for entire office buildings.

    Panasonic means hope to everyone invested in the future

    From my perspective as CTO, I’m continually giving thought to how Panasonic technologies can contribute to future society. I think the answer begins in our founding DNA, which embodies a deep-rooted desire to improve people’s lives through manufacturing.
    To those who will lead tomorrow’s society, especially young people shaping the future, and to our engineers at Panasonic, I would say this: Don’t do only what you can do, but keep asking yourself what you should do. No matter how challenging the circumstances, I hope you’ll never lose your optimism. My own motto is, “Good fortune comes to those who smile.” If you’re always optimistic and willing to tackle challenges, I’m confident that a path forward is certain to open up.
    For more than a century, Panasonic has been a part of people’s lives through technology. The trust and technological achievement we have accumulated throughout our history are precious assets. Nevertheless, we must keep our eyes on the future and continue to challenge ourselves to create new value.
    With the Future Technology Vision to guide us, we will achieve transformation as a united Panasonic Group, and do our utmost to deliver futures filled with promise.

    Related Articles

    MIL OSI Economics

  • MIL-Evening Report: Here’s why 3-person embryos are a breakthrough for science – but not LGBTQ+ families

    Source: The Conversation (Au and NZ) – By Jennifer Power, Principal Research Fellow, Australian Research Centre in Sex, Health and Society, La Trobe University

    Last week, scientists announced the birth of eight healthy babies in the United Kingdom conceived with DNA from three people. Some headlines have called it “three-person IVF”.

    The embryo uses the DNA from the egg and sperm of the intended father and mother, as well as cells from the egg of a second woman (the donor).

    This process – known as mitochondrial replacement therapy – allows women with certain genetic disorders to conceive a child without passing on their condition.

    While it’s raised broader questions about “three-parent” babies, it’s not so simple. Here’s why it’s unlikely this development will transform the diverse ways LGBTQ+ people are already making families.

    What this technology is – and isn’t

    The UK became the first country in the world to allow mitochondrial donation for three-person embryos ten years ago, in 2015.

    In other countries, such donations are banned or strictly controlled. In Australia, a staged approach to allow mitochondrial donation was introduced in 2022. Stage one will involve clinical trials to determine safety and effectiveness, and establish clear ethical guidelines for donations.

    These restrictions are based on political and ethical concerns about the use of human embryos for research, the unknown health impact on children, and the broader implications of allowing genetic modification of human embryos.

    There are also concerns about the ethical or legal implications of creating babies with “three parents”.

    Carefully and slowly considering these ethical issues is clearly important. But it’s inaccurate to suggest this process creates three parents.

    First, the amount of DNA the donor provides is tiny, only 0.1% of the baby’s DNA. The baby will not share any physical characteristics with the donor.

    While it is significant that two women’s DNA has been used in creating an embryo, it doesn’t mean lesbian couples will be rushing to access this particular in vitro fertilisation (IVF) technology.

    This technique is only used for people affected by mitochondrial disease and is closely regulated. It is not available more widely and in Australia, is not yet available even for this use.

    Second, while biological lineage is an important part of many people’s identity and sense of self, DNA alone does not make a parent.

    As many adoptive, foster and LGBTQ+ parents will attest, parenting is about love, connection and everyday acts of care for a child.

    How do rainbow families use IVF?

    Existing IVF is already expensive and medically invasive. Many fertility services offer a range of additional treatments purported to aid fertility, but extra interventions add more costs and are not universally recommended by doctors.

    While many lesbian couples and single women use fertility services to access donor sperm, not everyone will need to use IVF.

    Less invasive fertilisation techniques, such as intrauterine insemination, may be available for women without fertility problems. This means inserting sperm directly into the uterus, rather than fertilising an egg in a clinic and then implanting that embryo.

    Same-sex couples who have the option to create a baby with a sperm donor they know – rather than from a register – may also choose home-based insemination, the proverbial turkey baster. This is a cheaper and more intimate way to conceive and many women prefer a donor who will have some involvement in their child’s life.

    In recent years, “reciprocal” IVF has also grown in popularity among lesbian couples. This means an embryo is created using one partner’s egg, and the other partner carries it.

    Reciprocal IVF’s popularity suggests biology does play a role for LGBTQ+ women in conceiving a baby. When both mothers share a biological connection to the child, it may help overcome stigmatisation of “non-birth” mothers as less legitimate.

    But biology is by no means the defining feature of rainbow families.

    LGBTQ+ people are already parents

    The 2021 census showed 17% of same-sex couples had children living with them; among female same-sex couples it was 28%. This is likely an underestimate, as the census only collects data on couples that live together.

    Same-sex couples often conceive children using donor sperm or eggs, and this may involve surrogacy. But across the LGBTQ+ community, there are diverse ways people become parents.

    Same-sex couples are one part of the LGBTQ+ community. Growing numbers of trans and non-binary people are choosing to carry a baby (as gestational parents), as well as single parents who use donors or fertility services. Many others conceive children through sex, including bi+ people or others who conceive within a relationship.

    While LGBTQ+ people can legally adopt children in Australia, adoption is not common. However, many foster parents are LGBTQ+.

    When they donate eggs or sperm to others, some LGBTQ+ people may stay involved in the child’s life as a close family friend or co-parent.

    Connection and care, not DNA

    While mitochondrial replacement therapy is a remarkable advance in gene technology, it is unlikely to open new pathways to parenthood for LGBTQ+ people in Australia.

    Asserting the importance of families based on choice – not biology or what technology is available – has been crucial to the LGBTQ+ community’s story and to rainbow families’ fight to be recognised.

    Decades of research now shows children raised by same-sex couples do just as well as any other child. What matters is parents’ consistency, love and quality of care.

    Jennifer Power receives funding from the Australian Department of Health, Disability and Aged Care and the Australian Research Council.

    ref. Here’s why 3-person embryos are a breakthrough for science – but not LGBTQ+ families – https://theconversation.com/heres-why-3-person-embryos-are-a-breakthrough-for-science-but-not-lgbtq-families-261462

    MIL OSI AnalysisEveningReport.nz

  • PM Modi extends birthday greetings to Maha CM Fadnavis, Deputy CM Ajit Pawar

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi on Tuesday extended warm birthday wishes to Maharashtra Chief Minister Devendra Fadnavis and Deputy Chief Minister Ajit Pawar, lauding their contributions to the state and wishing them long and healthy lives.

    Fadnavis, born on July 22, 1970, in Nagpur and Pawar, born on the same date in 1959 in Maharashtra’s Ahmednagar district, received praise and blessings from leaders across the political spectrum.

    Taking to X, PM Modi wrote, “Best wishes to Maharashtra Chief Minister, Shri Devendra Fadnavis Ji on his birthday. He’s working tirelessly for Maharashtra’s progress and empowering the poor and downtrodden. May he lead a long and healthy life in service of the people.”

    For Ajit Pawar, who leads the Nationalist Congress Party (NCP) faction aligned with the Mahayuti, PM Modi posted, “Birthday greetings to Shri Ajit Pawar Ji. He is making a valuable contribution to strengthening the NDA’s good governance agenda in Maharashtra. May he be blessed with a long and healthy life.”

    Union Home Minister Amit Shah also extended heartfelt greetings. “Happy birthday to Chief Minister of Maharashtra Shri Devendra Fadnavis. Under the leadership of Modi ji, you are continuously doing commendable work towards public welfare and revival of cultural heritage in Maharashtra,” Shah wrote on X.

    “We are also moving forward firmly on the path of public welfare by providing basic facilities to the poor, deprived and exploited in a transparent manner. May Ganpati Bappa grant you long life and healthy life,” he added.

    For Ajit Pawar, Shah wrote, “Heartiest birthday wishes to Maharashtra Deputy Chief Minister Ajit Pawar. You are playing a commendable role in bringing the work of the Mahayuti government to the ground in Maharashtra. I pray to God for your good health and long life.”

    Joining in the celebrations, Deputy Chief Minister Eknath Shinde offered his wishes to both leaders.

    In a message posted in Marathi (loosely translated into English), he wrote, “Heartfelt birthday wishes to the Honourable Chief Minister Devendraji Fadnavis, the steadfast warrior of Maharashtra’s development journey! A trusted friend and colleague of the Mahayuti alliance, leading all comrades with strength, a leader who amplifies the voice of the people, taking bold steps in Maharashtra’s journey toward prosperity.”

    He further praised Fadnavis as “an excellent administrator, a wise leader with expertise in economics and law, and a visionary leader,” and prayed for his long and healthy life.

    Wishing his counterpart Ajit Pawar, Shinde wrote, “Heartfelt birthday wishes to Deputy Chief Minister Hon. Ajitdada Pawar, who steadfastly supports the Mahayuti! An exceptional administrator with a remarkable grasp of economics, a steadfast companion of visionary development, and a sensitive and punctual leader who carries the aspirations of Maharashtra’s progress — that’s our Ajitdada.”

    He added, “To our friend who firmly believes nothing comes before Maharashtra’s development and walks this path with conviction, we pray at the feet of the Almighty for a long and healthy life!”

    (IANS)

  • PM Modi extends birthday greetings to Maha CM Fadnavis, Deputy CM Ajit Pawar

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi on Tuesday extended warm birthday wishes to Maharashtra Chief Minister Devendra Fadnavis and Deputy Chief Minister Ajit Pawar, lauding their contributions to the state and wishing them long and healthy lives.

    Fadnavis, born on July 22, 1970, in Nagpur and Pawar, born on the same date in 1959 in Maharashtra’s Ahmednagar district, received praise and blessings from leaders across the political spectrum.

    Taking to X, PM Modi wrote, “Best wishes to Maharashtra Chief Minister, Shri Devendra Fadnavis Ji on his birthday. He’s working tirelessly for Maharashtra’s progress and empowering the poor and downtrodden. May he lead a long and healthy life in service of the people.”

    For Ajit Pawar, who leads the Nationalist Congress Party (NCP) faction aligned with the Mahayuti, PM Modi posted, “Birthday greetings to Shri Ajit Pawar Ji. He is making a valuable contribution to strengthening the NDA’s good governance agenda in Maharashtra. May he be blessed with a long and healthy life.”

    Union Home Minister Amit Shah also extended heartfelt greetings. “Happy birthday to Chief Minister of Maharashtra Shri Devendra Fadnavis. Under the leadership of Modi ji, you are continuously doing commendable work towards public welfare and revival of cultural heritage in Maharashtra,” Shah wrote on X.

    “We are also moving forward firmly on the path of public welfare by providing basic facilities to the poor, deprived and exploited in a transparent manner. May Ganpati Bappa grant you long life and healthy life,” he added.

    For Ajit Pawar, Shah wrote, “Heartiest birthday wishes to Maharashtra Deputy Chief Minister Ajit Pawar. You are playing a commendable role in bringing the work of the Mahayuti government to the ground in Maharashtra. I pray to God for your good health and long life.”

    Joining in the celebrations, Deputy Chief Minister Eknath Shinde offered his wishes to both leaders.

    In a message posted in Marathi (loosely translated into English), he wrote, “Heartfelt birthday wishes to the Honourable Chief Minister Devendraji Fadnavis, the steadfast warrior of Maharashtra’s development journey! A trusted friend and colleague of the Mahayuti alliance, leading all comrades with strength, a leader who amplifies the voice of the people, taking bold steps in Maharashtra’s journey toward prosperity.”

    He further praised Fadnavis as “an excellent administrator, a wise leader with expertise in economics and law, and a visionary leader,” and prayed for his long and healthy life.

    Wishing his counterpart Ajit Pawar, Shinde wrote, “Heartfelt birthday wishes to Deputy Chief Minister Hon. Ajitdada Pawar, who steadfastly supports the Mahayuti! An exceptional administrator with a remarkable grasp of economics, a steadfast companion of visionary development, and a sensitive and punctual leader who carries the aspirations of Maharashtra’s progress — that’s our Ajitdada.”

    He added, “To our friend who firmly believes nothing comes before Maharashtra’s development and walks this path with conviction, we pray at the feet of the Almighty for a long and healthy life!”

    (IANS)