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Category: Transport

  • MIL-OSI United Kingdom: Labour accused of moving the goalposts on NHS waiting times – but “still managed to miss them”

    Source: Party of Wales

    Latest NHS performance data shows Labour Government in Wales missing targets on countless measures.

    Latest NHS activity and performance summary released today (Thursday, 22 May 2025) for March and April 2025 has shown the Labour Government in Wales have missed a vast series of targets aimed at reducing waits in the Welsh NHS.

    One significant target missed is the First Minister’s target to reduce two year waits to 8,000 by the Spring of 2025, a target set after missing the Welsh Government’s initial target of eradicating two year waits by March 2023. The Welsh Government have been accused of “moving the goalposts and still missing” by Plaid Cymru’s health spokesperson, Mabon ap Gwynfor.

    A series of other historical targets are still being missed by the Welsh government. These include:

    • Target: No one waiting for longer than a year for their first outpatient appointment by the end of 2022 (a target established in the planned care recovery plan).
      • Reality: the number of pathways waiting longer than one year for their first outpatient appointment was 71,000
    • Target: maximum wait for access to specified diagnostic tests is 8 weeks, and maximum wait for access to specified therapy services is 14 weeks – to be achieved by Spring 2024.
      • Reality: 35,200 patient pathways were waiting longer than the target time for diagnostics and 4,000 patient pathways waiting longer than the target time for therapies.
    • Target: No patients waiting longer than one year in most specialities by Spring 2025
      • Reality: Of the total pathways, 155,800 were waiting more than one year

    The Government has also missed a series of rolling targets, including:

    • Target: 65% of red calls (immediately life-threatening, someone is in imminent danger of death, such as a cardiac arrest) to have a response within 8 minutes.
      • Reality: Only 50.9% of red calls arrived within 8 minutes
    • Target: 95% of new patients should spend less than 4 hours in emergency departments from arrival until admission, transfer or discharge.
      • Reality: Only 67.7% of patients spent less than 4 hours in emergency departments
    • No patient waiting more than 12 hours in emergency departments from arrival until admission, transfer or discharge.
      • In April, 10,186 patients waited 12 hours or more in emergency departments.
    • Target: 95% of patients waiting less than 26 weeks from referral.
      • Reality: Only 55.2% of patients have been waiting less than 26 weeks.
    • Target: No patients waiting more than 36 weeks for treatment from referral.
      • Reality: 268,400 patient pathways had been waiting more than 36 weeks (34.0%)
    • Target: At least 75% of patients should start treatment within 62 days (without suspensions) of first being suspected of cancer.
      • Reality: Only 63.5% of pathways started their first definitive treatment within 62 days of first being suspected of cancer.

    Plaid Cymru have criticised the Labour Government’s mismanagement of the NHS over the last 26 years of power, accusing them of running the Welsh NHS into ‘the ground’, by ‘constantly’ missing targets with ‘no real sign of change’.

    Plaid Cymru spokesperson on Health, Mabon ap Gwynfor MS said: 

    “Hundreds of thousands of people on waiting lists, over 8,000 of those waiting over two years. The fact that any Government is trying to claim that as a win, is a sign of how far down the road of Labour mismanagement we are.

    “A record of constant failure and missed targets – that is the record of this Labour Government when it comes to our NHS. A record of people waiting too long, not getting the service they deserve – a record of failure.

    “Even after moving the goalposts from their original target of eradicating two-year waits in 2023, Labour have still managed to miss their targets. Not only that, but on every single performance indicator – Labour have missed their targets.

    “An NHS run into the ground, and waiting lists as long as this simply isn’t as good as it gets for Wales, our NHS can be so much more than this. With a new government with a credible plan for our NHS, a plan to reduce waiting lists and reform our NHS for the future. That is what Plaid Cymru offers in 2026.”

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Forgotten assets to help families and young people thrive

    Source: United Kingdom – Executive Government & Departments

    Press release

    Forgotten assets to help families and young people thrive

    First ever Dormant Assets Scheme Strategy unlocks £440 million funding

    • First ever Dormant Assets Scheme Strategy unlocks £440 million funding for people and communities who need it most – redirecting money from long-unused accounts to important social causes
    • Money will get young people involved in music, drama and sport, plus give thousands of vulnerable households access to affordable loans, delivering opportunity through Plan for Change
    • Financial institutions including JP Morgan and AON welcomed to No11 today, as Chancellor and Culture Secretary encourage them to participate in the Scheme and support local communities

    Families struggling with sudden costs and young people in deprived areas will get vital help, as £440 million from forgotten assets is put to work in communities across England through the first-ever Dormant Assets Scheme Strategy.

    This includes £132.5 million to give young people in disadvantaged neighbourhoods new chances to take part in music, sport and drama to build skills for the future, improve their employment opportunities and ensure access is no longer the preserve of a privileged few. 

    A further £132.5 million will benefit those in financially vulnerable circumstances, providing them with the affordable credit and support they need to manage their money well. This will mean that people facing money worries will have a safety net for when things go wrong – from a broken fridge to an unexpected car repair – instead of leaving them at the mercy of loan sharks.

    Local charities and community groups will also get extra funding, so they can run projects like food banks, youth clubs, and community events. This support will help bring people together, tackle loneliness, and make neighbourhoods safer and friendlier for everyone.

    Chancellor of the Exchequer Rachel Reeves and Culture Secretary Lisa Nandy welcomed major financial institutions including JP Morgan, Schroders, AON, Jupiter Asset Management, Aberdeen Group and other industry champions into No11 Downing Street today, highlighting the tangible difference this money can make to local communities and encouraging future participation to support these important causes.

    Secretary of State for Culture, Media and Sport, Lisa Nandy said:

    “From supporting young people and enhancing financial inclusion to driving social investment, this transformational funding will reach some of the most disadvantaged areas across the country and have a real impact on people’s lives as we deliver our Plan for Change. 

    “Made possible thanks to the ongoing support of our industry partners, I’ve been delighted to speak to financial institutions today as we look to bring in new sectors to support growth and drive opportunity across England.”

    Chancellor of the Exchequer Rachel Reeves said: 

    “We’re turning forgotten assets into fresh opportunities by unlocking £440 million that would otherwise be sitting idle to help young people realise their potential, and ensure vulnerable families aren’t excluded from the financial products they need. Through our Plan for Change, we’re backing communities and boosting opportunities to deliver growth and put more money in people’s pockets.”

    Chris Cummings, CEO of the Investment Association said: 

    “We look forward to the further expansion of the Dormant Assets Scheme to the investment and wealth management sector. The Scheme has the potential to deliver real positive change to communities across the UK and our industry both warmly supports the initiative and is committed to exploring participating at the earliest opportunity.  

    “The Dormant Assets Scheme is an important opportunity for our industry to come together with government and deliver a positive, measurable social and environmental impact.”

    The Dormant Assets Scheme has successfully released £1 billion to date to support thousands of frontline organisations and individuals in some of the most disadvantaged communities across the country. Funding has been channelled into a range of initiatives including tackling youth homelessness, supporting charities with the cost of living and breaking down barriers to financial inclusion to help vulnerable groups.

    The £440 million package announced today represents a significant uplift with an estimated £90 million over previously announced figures set to become available through the Scheme in England by 2028.

    Allocations set out in the Strategy will drive forward the growth and opportunity missions in the government’s Plan for Change, with full distributions to include: 

    • £132.5 million for young people with funding going to services, facilities and opportunities to provide them with the skills and resources needed to succeed 
    • £132.5 million for financial inclusion and education, equipping individuals with the tools and knowledge to build financial security
    • £87.5 million for social investment to strengthen the financial resilience of the voluntary sector, including £12.5 million reaching organisations that support youth outcomes
    • £87.5 million for community wealth funds, which will empower local people to make decisions about their communities, creating stronger neighbourhoods.

    Notes to editors:

    • The Dormant Assets scheme redirects money from long-unused financial accounts to social causes, while preserving the original owners’ right to reclaim their funds. 
    • The Dormant Assets Strategy sets out this government’s bold vision for the pioneering Dormant Assets Scheme, unlocking funds to support the communities who need it most and is available to view here. 
    • The Strategy for the Scheme is centered around three long-term objectives: 
      • Achieving long-term systems change through innovative programmes.
      • Protecting the integrity of the Scheme and its funding.
      • Becoming the best practice standard mechanism to deal with dormancy.
    • The Strategy reaffirms the importance of the collaboration between government and the financial services sector to make a success of the Dormant Assets Scheme

    • Last year, the government committed between the four named causes of the Scheme – financial inclusion, youth, social investment and community wealth funds – to break down barriers and drive growth as part of the Government’s Plan for Change.

    • Participants in today’s roundtable included representatives from JP Morgan, Schroders, AON, Jupiter Asset Management, Aberdeen Group, alongside industry champions from across banking, investment, wealth management, insurance and pensions sectors.

    Updates to this page

    Published 2 June 2025

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Preston City Council Partners with LitterLotto to boost recycling

    Source: City of Preston

    02 June 2025

    Preston City Council has partnered with LitterLotto to give residents the chance to win up to £1,000 every week while encouraging correct recycling at home and on-the-go.

    The free LitterLotto app uses AI technology to identify the type of waste being disposed of and directs residents to the correct bin. Its ‘AtHome’ feature also offers bin collection reminders, recycling advice, and allows easy reporting of issues like fly-tipping and graffiti.

    Residents simply need to download the app, register for an account, and use their phone’s camera to scan the item they wish to dispose of. Every correctly recycled item earns virtual coins to spend in the LitterLotto Coin Store and an entry into the national £1,000 prize draw.

    Councillor Freddie Bailey, Cabinet Member for Environment and Community Safety at Preston City Council, said:

    “Preston City Council are always looking at new and innovative ways to improve recycling. LitterLotto is a brilliant opportunity to improve recycling habits in Preston while rewarding residents for doing the right thing. By using the LitterLotto app, we can all help reduce contamination in our recycling bins and keep our streets clean, and the chance to win a cash prize is a great added bonus.”

    Even without downloading the app, residents and visitors to Preston can enter prize draws when recycling on-the-go using the new on-street recycling bins in the city centre. These bins are labelled with a QR code, and anyone can enter with just an email address. The bins are located at Market Street, Earl Street, Friargate and Ribblesdale Place.

    This initiative comes in response to concerns about contaminated recycling across the city, where incorrect items such as cartons, coffee cups, and plastic bags are frequently placed in recycling bins. The Council hopes the app will help clarify what can and can’t be recycled.

    As part of Volunteers’ Week celebrations, registered volunteer litter pickers will receive double entries and double virtual coins for their efforts in keeping Preston clean. This reward scheme will be trialled for 12 months until June 2026, with the potential to extend if successful.

    For more information and to download the app, see Bin it to Win it with LitterLotto .

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Family Fun Galore at the Lord Mayor’s Teddy Bears’ Picnic!

    Source: Northern Ireland City of Armagh

    What a fantastic day at the Lord Mayor’s Teddy Bears’ Picnic at the Palace yesterday (Sunday 01 June).

    Over 200 people gathered at the Palace Demesne for a fun-filled afternoon of teddy bear-themed games, face painting, bouncy castles, and soft-play in the Belfast Playbus. Children enjoyed meeting friendly teddy bear mascots and relaxing on their picnic blankets!

    A huge thank you to everyone who joined us for this special event, which has helped Lord Mayor Councillor Sarah Duffy raise £885 for her chosen charity, Women’s Aid Armagh Down.

    MIL OSI United Kingdom –

  • MIL-OSI Russia: The Future is Already Here: Scientists at the State University of Management have Developed Unique Models for Forecasting Events

    Translation. Region: Russian Federal

    Source: State University of Management – Official website of the State –

    A scientific team of scientists from the State University of Management, headed by Doctor of Technical Sciences, Professor Alexey Terentyev, has developed unique predictive models designed for intelligent data analysis. Their use allows forecasting future events in the interaction of complex commercial and production structures with the external environment. For example, for the distribution of resources between system objects for its effective development.

    A special feature of the developed models is the ability to find solutions aimed at the effective development of multi-level systems and independent of the subjectivity characteristic of methods based on expert assessments.

    The uniqueness of the methodology – the analytical determination of weighting coefficients and, as a result, obtaining a more objective solution – is critically important for systems with contradictory goal setting, which includes transport and logistics production.

    Today, the models are used in research by SMU scientists in the field of logistics in the development of a rating system for transport and logistics enterprises, which has made it possible to increase system efficiency compared to the Laplace criteria and Fishburne estimates by 16% and 26%, respectively.

    “The predictive modeling methodology developed at the State University of Management also formed the basis for the methodology for assessing the quality of passenger service in the logistics system of interaction between modes of transport. This allows us to solve the problems of determining the vector assessment of increasing the efficiency of the system based on a significant set of indicators of the quality of public transport services,” notes Maxim Pletnev, Head of the Department for Coordination of Scientific Research at the State University of Management.

    The above advantages allow the developed models to be used not only in logistics, but also in other areas of scientific research, including machine learning technologies and neural network modeling methods. This enables researchers to obtain the most accurate scenarios and forecasts of the states of the systems under study in conditions of uncertainty in the external environment.

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News –

  • MIL-OSI Russia: Mongolia and Turkmenistan signed a number of documents on cooperation

    Translation. Region: Russian Federal

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

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

    ULAN BATOR, June 2 (Xinhua) — Mongolia and Turkmenistan have signed a number of documents on further development of bilateral relations and cooperation, the press service of the President of Mongolia said on Monday.

    The documents, including a joint statement on further development of cooperation between Mongolia and Turkmenistan, as well as memorandums of understanding on cooperation in the fields of healthcare, education, science, media, culture and light industry, were signed in Ulaanbaatar, the capital of Mongolia.

    Turkmen President Serdar Berdimuhamedov arrived in the capital of Mongolia on Sunday evening for a two-day state visit at the invitation of Mongolian President Ukhnaagiin Khurelsukh, accompanied by a high-ranking delegation.

    This is the first state visit of the President of Turkmenistan to Mongolia since the establishment of diplomatic relations between the two countries in 1992. –0–

    MIL OSI Russia News –

  • MIL-OSI Russia: Six killed in road accident in central Myanmar

    Translation. Region: Russian Federal

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

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

    YANGON, June 2 (Xinhua) — Six people were killed and 11 others were injured when a passenger bus overturned in central Myanmar’s Mandalay region, a local fire department official told Xinhua on Monday.

    He said the passenger bus carrying about 19 passengers skidded off the road due to rain and overturned in Meiktila township in Mandalay at around 3:30 a.m. local time on Monday.

    All the victims were taken to a local hospital, he added. –0–

    MIL OSI Russia News –

  • MIL-OSI Russia: Number of victims in bridge collapse in Bryansk region reaches 104 — governor

    Translation. Region: Russian Federal

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

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

    Moscow, June 2 /Xinhua/ — The total number of victims in the collapse of a bridge in the Bryansk region has reached 104, the region’s governor Alexander Bogomaz told reporters.

    “Today we have 104 victims in total. Seven dead, 104 injured. It turns out that three are “serious”, the rest /are in a condition/ of moderate severity and mild,” TASS quotes the governor as saying.

    On the evening of May 31, in the Bryansk region, a road bridge and a truck driving on it collapsed onto a passenger train. The locomotive and four carriages derailed, and one carriage was crushed by the bridge debris. There were 388 people on the train. Seven people died. Sixty-four passengers were hospitalized in the region and Moscow, the Russian Ministry of Health reported earlier. –0–

    MIL OSI Russia News –

  • MIL-OSI: MoonFox Data Releases New Report: Pop Mart’s Emotional Consumption Model Drives Global Expansion and Record Growth

    Source: GlobeNewswire (MIL-OSI)

    Shenzhen, June 02, 2025 (GLOBE NEWSWIRE) — [Shenzhen, China] – [June 1, 2025] – MoonFox Data, a leading provider of market intelligence and data analytics, today released its latest report, “Pop Mart Business Decoded: Measuring the Value of Emotional Consumption.” The report reveals how Pop Mart, a pioneer in the pop toy industry, has leveraged emotional consumption and IP innovation to achieve record-breaking growth and global expansion in 2024 and 2025.

    The year 2025 is undoubtedly a landmark year for Pop Mart. At the end of March, the company released financial results that drew wide attention across the industry: Pop Mart’s 2024 revenue exceeded RMB 13 billion, a fivefold increase since its listing on the HKEX in 2020. Just before the Labor Day holiday, the Pop Mart app topped the U.S. App Store shopping chart for the first time, with American consumers queuing overnight to purchase new releases. Despite tariff pressures, its new products continued to see rapid growth overseas…

    16 years after its founding, Pop Mart’s ambition to “become a global super IP” is gradually materializing. What was once a trend-led toy store has transformed into a spiritual refuge for young people. So how exactly has Pop Mart captured the hearts of youth both in China and abroad? And what challenges lie ahead?

    I.        A Look Back: Repeated Comebacks in Brand Development

    1. In the Early Stages, Focused Track and Model Innovation Drove Growth

    Founded in 2010, Pop Mart began as an offline “trendy variety store” and struggled to survive amid the rise of e-commerce. In 2015, the founder drew inspiration from Japan’s blind box trend and introduced the popular Hong Kong pop toy BabyMolly to the Chinese mainland market. Pop Mart also secured domestic distribution rights for Japan’s Sonny Angel, successfully pivoting from a variety store to a curated pop toy store.

    However, in the following year, the termination of several IP licensing agreements forced the company to pivot again. Pop Mart began aggressively seeking collaborations with original designers to acquire copyright partnerships. In 2016, it launched its own IP blind box product, the Molly Zodiac Series, which became a growth driver. At the time, Pop Mart’s pop toy model of fast product rotation, bulk sales, and the blind box mechanism was a novelty that disrupted the traditional toy market. From then on, Pop Mart shifted from an offline retail distributor to an IP operator, with Molly becoming its signature icon.

    2. After Going Public: Diversification to Break the Revenue Ceiling

    Pop Mart entered the overseas market in 2018 and continued its steady revenue growth after its 2020 IPO. However, from 2020 to 2022, its gross profit margin declined continuously. By 2022, Pop Mart hit a growth bottleneck, with negative product reviews on social media indicating weakening consumer interest in blind boxes.

    In 2022, Pop Mart’s gross profit margin dropped by 4%, and operating profit fell by 49%. Domestically, revenue declined not only due to pandemic-related disruptions to offline store sales, but also because of a slump in online channel performance.

    Table 1: Pop Mart Annual Revenue and Profit Changes (2018 – 2024)

    Year Revenue Gross Profit Operating Profit Gross Profit Margin Revenue Growth Gross Profit Growth Operating Profit Growth
    2018 0.51 billion 0.3 billion 0.13 billion 57.9 % 225 % 296 % 2951 %
    2019 1.68 billion 1.09 billion 0.6 billion 64.8 % 227 % 266 % 348 %
    2020 2.51 billion 1.59 billion 0.72 billion 63.4 % 49 % 46 % 20 %
    2021 4.49 billion 2.76 billion 1.15 billion 61.4 % 79 % 73 % 60 %
    2022 4.62 billion 2.65 billion 0.58 billion 57.5 % 3 % -4 % -49 %
    2023 6.3 billion 3.86 billion 1.23 billion 61.3 % 36 % 46 % 111 %
    2024 13.04 billion 8.71 billion 4.15 billion 66.8 % 107 % 125 % 238 %

    Data Source: Company financial reports, compiled by MoonFox Research Institute.

    Table 2: Pop Mart Annual Online and Offline Revenue Changes (2020 – 2024)

    Year Online Channel Revenue YoY Offline Channel Revenue YoY
    2020 0.95 billion 77 % 1.33 billion 35 %
    2021 1.9 billion 100 % 2.14 billion 61 %
    2022 1.92 billion 1 % 2.22 billion 4 %
    2023 1.68 billion -12 % 3.85 billion 74 %
    2024 4.15 billion 147 % 7.6 billion 97 %

    Data Source: Company financial reports, compiled by MoonFox Research Institute.

    In 2023, as offline economic activity rebounded, Pop Mart’s diversified business strategy began to show results. Its commitment to deepening overseas markets and refining IP operations laid the foundation for a strong performance in both 2024 and 2025.

    On one hand, the brand’s overseas expansion has become a key secondary growth driver. While revenue from Hong Kong, Macao, Taiwan, and overseas markets accounted for only 9.8% of total revenue in 2022, this proportion rose to 38.9% by 2024. Pop Mart has expanded its network of international concept stores across Southeast Asia, Europe, and North America, growing the total number of overseas stores to 130.

    Table 3: Number of Pop Mart Physical Stores in Hong Kong, Macao, Taiwan, and Overseas (2020 – 2024)

    Year Number of Stores Number of Robot Shops New Countries Entered Overseas Theme Stores
    2020 1 No statistics South Korea
    2021 7 9 Singapore and other Southeast Asian countries
    2022 43 120 UK, New Zealand, USA, Australia
    2023 80 159 France, Malaysia, Thailand, Netherlands
    2024 130 192 Vietnam, Indonesia, Philippines, Italy, Spain Louvre Theme Store (Paris)
    K-POP Theme Store (South Korea)
    CRYBABY Theme Store (Thailand)

    Data Source: Company financial reports, compiled by MoonFox Research Institute.

    Table 4: Pop Mart’s Revenue of Hong Kong, Macao, Taiwan, and Overseas (2021 – 2024)

    2021 – 2024 Annual Revenue of Hong Kong, Macao, Taiwan, and Overseas
    Year Revenue Proportion Growth Rate
    2021 1.9 4.10 % 156 %
    2022 4.5 9.80 % 137 %
    2023 10.7 16.90 % 138 %
    2024 50.7 71.30 % 374 %
    2021 – 2024 Revenue Breakdown by Channel of Hong Kong, Macao, Taiwan, and Overseas (RMB 100 million)
    Year Offline Channel Online Channel Wholesale & Other Channels
    2021 0.1 0.4   1.4  
    2022 1.5 0.9   2.1  
    2023 6.4 1.6   2.7  
    2024 30.7 14.6   5.4  
    2024 Regional Revenue Distribution of Hong Kong, Macao, Taiwan, and Overseas (RMB 100 million)
    Region Revenue Proportion Growth Rate
    Southeast Asia 24 47.40 % 619 %
    East Asia & Hong Kong, Macao, Taiwan 13.9 27.40 % 185 %
    North America 7.2 14.30 % 557 %
    Europe, Oceania & Others 5.5 10.90 % 311 %

    Data Source: Company financial reports, compiled by MoonFox Research Institute.

    On the other hand, the company has shifted its focus from pursuing rapid product launches and expanding the number of IPs to prioritizing IP quality. The period from 2020 to 2022 marked a critical phase of supply chain upgrades for Pop Mart, including greater supply chain flexibility, digital transformation of warehousing and logistics, the establishment of self-owned factories, and overseas warehouse construction, all of which laid a strong foundation for future growth. Around 2023, Pop Mart began transforming its overseas business model by bypassing intermediary distributors and transitioning to a DTC (Direct-to-consumer) approach. This shift significantly improved the company’s ability to reach global consumers quickly. As a result, e-commerce revenue from overseas independent platforms surged in 2024.

    Table 5: 2024 Pop Mart’s Online Revenue in Hong Kong, Macao, Taiwan, and Overseas Markets

    Online Channel Revenue (RMB 1 million) Proportion Growth Rate
    Pop Mart Official Website 531 36.50 % 1246 %
    Shopee 324 22.30 % 656 %
    TikTok 262 18.00 % 5780 %
    Other Online Channels 338 23.20 % 389 %

    Data Source: Company financial reports, compiled by MoonFox Research Institute.

    II.        Building Deeper Connections with Consumers: Accelerating IP Universe Development Through User Value Alignment

    1.        From the “Lipstick Effect” to a Lifestyle Brand: Cultivating Long-Term Consumption Habits

    Pop Mart has mastered the art of the blind box model. Before the product launch, intensive marketing campaigns are carried out, with each figurine being given a complete backstory. However, the blind box purchasing model extends the time it takes for consumers to have their expectations met. The unboxing experience after purchase creates delayed gratification and a sense of emotional reward. Meanwhile, the inherent consumer instinct to collect or complete a series further drives repeat purchases. While the inclusion of “hidden” editions creates an illusion of “scarcity”, adding perceived collectible value while stimulating consumer desire to purchase.

    With low individual costs, intricate design, rapid product updates, and wide variety, consumers often become “loyal fans” without realizing it. Generation Z, who value emotional expression and self-exploration, are willing to pay for emotional fulfillment. Character-driven dolls and figurines have become tools for self-solace. Meanwhile, the use of social media further transforms blind boxes into a form of social currency. From celebrities and macro influencers to niche KOLs and even KOCs of WeChat Moments, posting about figurines, unboxing videos, and product swaps has spurred enthusiasm and imitation among fans.

    Meanwhile, Pop Mart has deepened its IP development, expanding beyond toys into lifestyle products. For example, its original IP “HIRONO” features a rebellious child character whose lonely and aggrieved expressions still convey a defiant spirit, an image that has won over many fans. By 2025, the IP had evolved to its seventh generation, with related merchandise extending beyond blind boxes to include a wide range of products such as apparel, home goods, and digital accessories. In addition to blind boxes, “HIRONO” has expanded to apparel, home goods, and tech accessories. It also engages users emotionally through animated shorts, offline sculptures, and art exhibitions.

    Table 6: Revenue Contribution of “HIRONO” IP

    Revenue in 2024 Revenue Share Revenue in 2023 Revenue Share YoY Growth
    0.73 billion 5.60 % 0.35 billion 5.60 % 106.9 %

    Data Source: Company financial reports & public data, compiled by MoonFox Research Institute.

    2.        From Emotional Value to Cultural Identity: Brand Consumption as a Form of Self-Expression

    In 2025, American consumers queued overnight for LABUBU from the classic IP “THE MONSTER”, known for its mischievous grin and dark aesthetic, a sharp contrast to Pop Mart’s other characters. Initially positioned as a “forest sprite”, LABUBU saw modest success until a 2024 rebranding introduced plush-skinned vinyl dolls that went viral in Thailand and later gained traction in China.

    Today, LABUBU is not only a crowd favorite at Pop Mart’s themed parks but also a global “symbol of subculture”. The character’s sharp teeth, heterochromatic eyes, and dark style wrapped in soft textures challenge mainstream beauty standards, echoing youth subculture’s desire to break norms. On global social media platforms, celebrities like LISA, Rihanna, and Dua Lipa have been seen with LABUBU dolls, while fans engage in remakes and cosplay to express individuality.

    Table 7: Revenue Contribution of “THE MONSTER” IP

    Revenue in 2024 Revenue Share Revenue in 2023 Revenue Share YoY Growth
    3.04 billion 23.30 % 0.37 billion 5.80 % 726.6 %

    Data Source: Company financial reports & public data, compiled by MoonFox Research Institute.

    Through diversified operations and refined strategies, Pop Mart is steadily constructing an IP universe that meets consumer needs in socialization, emotional expression, and self-identity.

    Its in-house IP operations are now more finely segmented by target audience and product type, with distinct strategies for blockbuster development. For high-end consumers and international markets, Pop Mart strengthens its collaborations with cultural IPs across various fields, collaborating with cultural IPs, such as Chinese intangible heritage artists and British pop artists, producing limited editions (primarily under the MEGA line) that emphasize collectability and cultural expression. For mass-market consumers, collaborations between original IPs and fast fashion, coffee and beverage brands, and anime/gaming franchises have become routine, integrating Pop Mart products into daily life. Overseas, store design increasingly incorporates local cultural elements, offering immersive experiences, such as Korea’s K-POP theme store and France’s Louvre theme store, and launching regional co-branded limited editions to lower the threshold for cross-cultural interaction among consumers from different regions.

    On the operational front, the growth of figurine revenues has slowed in recent years. To adapt, the company has launched new product lines, including Molly Beans, plush toys, and the MEGA series. In 2024, plush and MEGA categories accounted for 35% of revenue and showed rapid growth, now forming a major revenue pillar. In physical retail, Pop Mart is expanding from pure retail to experiential offerings. Beyond traditional stores and vending machines, more themed parks, pop-up stores, and curated art exhibitions are being introduced to enhance customer engagement.

    III.        Cracks beneath the Billion-RMB Myth

    The booming pop toy industry is becoming increasingly competitive, with multiple players racing to innovate on both product and concept. As consumer aesthetics continue to evolve, this intensifies pressure on leading brands. TOPTOY, a pop toy chain under MINISO founded in 2020, has rapidly expanded into lower-tier cities with its more affordable pricing and iconic IP offerings. By the end of 2024, TOPTOY had opened 276 retail stores nationwide, generating over RMB 980 million in annual revenue. Meanwhile, classic international IPs are enjoying a resurgence in the Chinese market. In 2024, merchandise related to Harry Potter, the Disney 100th Anniversary, and Chiikawa surged in popularity, posing a growing challenge for the breakout success of original IPs. Backed by this trend, MINISO has leveraged the influence of established IPs to drive both revenue and brand recognition. The 2024 financial report shows the total revenues exceeding RMB 17 billion, a 22.8% YoY increase.

    Turning the lens back to Pop Mart itself, managing the lifecycle of original IPs, and the handoff between older and newer IPs, remains a critical challenge for pop toy companies to build their “super IPs”. Pop Mart has been launching original IPs for over a decade. Iconic characters such as Molly, LABUBU, and THE MONSTER have recently reignited consumer interest through new product categories and refreshed designs. At the same time, many emerging IPs have gained visibility and emotional resonance with post-2000s and even younger generations. As Pop Mart’s portfolio of original IPs continues to expand, more of these properties will face the challenge of prolonged life cycles in the future. Maintaining innovation and consistently creating hit products that resonate with the evolving preferences of young consumers will become a long-term challenge for the brand’s development.

    Overall, Pop Mart has successfully pioneered a business model that monetizes emotional value, anchoring its revenue growth in rich content and cultural significance. Its strong in-house production capabilities and DTC strategy have accelerated its reach among global consumers. While recent revenue surges are not a fleeting phenomenon, they do not come without risk. Looking ahead, Pop Mart must continue to enhance its content innovation capabilities to keep its IPs vibrant. Only by maintaining a careful balance between innovation and legacy, and between emotional appeal and cultural expression, can the brand sustain high growth and realize its long-term ambition of becoming a “super IP” powerhouse.

    About MoonFox Data

    As a sub-brand of Aurora Mobile, MoonFox Data is a leading expert in data insights and analysis services across all scenarios. With a comprehensive, stable, secure and compliant mobile big data foundation, as well as professional and precise data analysis technology and AI algorithms, MoonFox Data has launched iAPP, iBrand, iMarketing, Alternative Data and professional research and consulting services of MoonFox Research, aiming to help companies gain insights into market growth and make accurate business decisions.

    About Aurora Mobile

    Aurora Mobile (NASDAQ: JG) established in 2011, is a leading customer engagement and marketing technology service provider in China. Its business includes notification services, marketing growth, development tools, and data products.

    For Media Inquiries:
    Contact: zhouxt@jiguang.cn | Website: http://www.moonfox.cn/en

    The MIL Network –

  • MIL-OSI USA: Scott Statement on the Passing of Judge Jerrauld C. Jones

    Source: {United States House of Representatives – Congressman Bobby Scott (3rd District of Virginia)

    Headline: Scott Statement on the Passing of Judge Jerrauld C. Jones

    NEWPORT NEWS, VA – Congressman Robert C. “Bobby” Scott (VA-03) issued the following statement on the passing of former Delegate and retired Norfolk Circuit Court Judge Jerrauld Jones:

    “I am deeply saddened by the passing of my longtime friend, Judge Jerrauld Jones of Norfolk. Jerrauld and I have known each other for many years. We served together in the Virginia General Assembly and shared the same commitment to justice and equality. That commitment to justice was inherited from our fathers, who served on the school boards of Newport News and Norfolk respectively during the public school integration controversies following the Brown v. Board of Education Supreme Court decision in 1954. Our families have remained friends from that time.

    “Jerrauld was a brilliant jurist and dedicated public servant. A proud graduate of Princeton University and Washington and Lee University School of Law, he used his talents in service of others. He broke barriers and opened doors for those who came after him, not just as a legislator and judge, but as a community leader whose moral compass never wavered. 

    “Whether in the courtroom or the State Capitol, Jerrauld brought intellect, compassion, and a fierce commitment to fairness and fidelity to the law. He was never afraid to speak out for what was right, and he always carried himself with dignity, humility and grace. 

    “My thoughts and prayers go out to his wife Lyn, his son Jay, and to all who knew and loved Jerrauld. His passing is a profound loss for the Commonwealth, but his legacy will continue to inspire all who believe in the power of public service to make a positive impact for all.”

    # # #

    MIL OSI USA News –

  • MIL-OSI USA: ICYMI: Funding Delivered by Congressman Boyle Leads to Temple Campus Arrest of Suspect Wanted in Three States

    Source: United States House of Representatives – Congressman Brendan Boyle (13th District of Pennsylvania)

    PHILADELPHIA, PA – Today, Congressman Brendan F. Boyle (PA-02) joined the Temple University and New Castle County Police Departments to announce the arrest of a burglary suspect who was wanted by authorities in PA, NJ, and DE.

    This arrest was made possible by Congressman Boyle’s community project funding for the Temple University Police Department, which enabled the deployment of Flock license plate reading cameras. Boyle was joined at the press conference by Jennifer Griffin, Chief of Police and Vice President for Public Safety at Temple University, and Richard Chambers, Master Corporal and PIO at the New Castle County Police Department.

    “Not been too long before we had tragically lost Temple Police University Officer Christopher Fitzgerald,” said Congressman Boyle. “And so I wanted to secure funds that would help the public safety effort in and around Temple University. To see the fruits of that labor actually lead to an arrest is incredibly exciting.  I thank again everyone who was involved in public safety in and around Temple University, and I thank all of the officers behind me. It’s never lost on me just what an enormously difficult job each and every one of you have in terms of keeping us safe.”

    “I am very proud of our diligent police officers and detectives who made this arrest happen quickly,” said Jennifer Griffin, Chief of Police and Vice President for Public Safety at Temple University. “Temple’s license plate reading cameras were purchased through a grant that was secured by Congressman Brennan Boyle. We are so grateful and thankful for his continued support to make Philadelphia safer.”

    “Detective Arnold from the Newcastle County Police was able to obtain a possible vehicle description,” said Richard Chambers, Master Corporal and PIO at the New Castle County Police Department. “Using the cameras, Detective Arnold quickly contacted the Temple University Police Department, and the Temple University Police Department quickly located the vehicle with the suspect in it.

    Temple University was the first university in Pennsylvania to deploy the Flock license plate reader system. The system was used to locate a suspect wanted by the New Castle County Police Department for burglary and theft. New Castle County Police worked with the Temple University Police Department to quickly arrest him on Temple’s campus.  He was extradited to Delaware, where he pled guilty to one felony and one misdemeanor charge. 

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    MIL OSI USA News –

  • MIL-OSI USA: Congressmen Krishnamoorthi and Moore Reintroduce Bipartisan Legislation to Bring Electronics Manufacturing to America and Strengthen Supply Chains

    Source: United States House of Representatives – Congressman Raja Krishnamoorthi (8th District of Illinois)

    WASHINGTON – Congressmen Raja Krishnamoorthi (D-IL) and Blake Moore (R-UT) have reintroduced bipartisan legislation to bolster domestic printed circuit board (PCB) and integrated circuit substrate production, which will strengthen U.S. supply chain security in a critical technology sector. The Protecting Circuit Boards and Substrates Act will encourage domestic PCB manufacturing and R&D to reduce supply chain disruptions, address national security concerns related to foreign PCB production, and further enhance America’s economic leadership.

     

    “While we’ve made real progress in domestic chip production, microchips can’t function without printed circuit boards – 90% of which are made in Asia, including half in the People’s Republic of China,” Congressman Krishnamoorthi said. “Our bipartisan bill reduces that dangerous dependence by rebuilding U.S. manufacturing, strengthening supply chains, and supporting American workers.”

    “There has never been a more important time for Congress to get to work on reshoring our manufacturing and strengthening our critical supply chains,” Congressman Blake Moore said. “The Chinese government’s open willingness to withhold access to technology and rare earth minerals proves that we are in a race against Beijing at all levels of the microelectronics ecosystem. This bill provides a tried-and-true approach to incentivizing American companies to produce printed circuit boards here at home: it will maintain the integrity of military and national security commercial materials, boost our economy and workforce, and usher in a new era of American manufacturing. I am grateful to reintroduce this bill with Congressman Krishnamoorthi and am hopeful this bipartisan effort will successfully move through the legislative process.”

    “The PCBs Act addresses a critical and long-overlooked weakness in America’s electronics supply chain,” John W. Mitchell, IPC President and CEO, said. “Every electronic device relies on PCBs and substrates, but the U.S. no longer has the capabilities or capacity to meet current demand, much less address future technology requirements. This bill is a vital step toward rebuilding the nation’s ability to manufacture electronics from silicon to systems—an essential foundation for innovation, security, and economic strength.”

    “Remember, chips don’t float. They need printed circuit boards and substrates to connect to any electronic device. With production of American-made semiconductors ramping up, we need to do the same for PCBs. Without a concurrent increase in support for PCBs and substrates, those new American-made chips travel to Asia to be packaged with Asian-made PCBs and substrates,” Shane Whiteside, Chairman of the Printed Circuit Board Association of America (PCBAA) and CEO of Summit Interconnect, said. “We need to end our over reliance on Asia through public and private investment. This bill will set that in motion.”

    “From F-35s to F-150s, the modern world is built on printed circuit boards, and we need to make more of them in America,” David Schild, Executive Director of PCBAA, said. “This bill will lead to new factories, high paying jobs and an ecosystem to support the work being done by our colleagues in the semiconductor industry.”

    Background

    Printed circuit boards (PCBs) are the material on which semiconductors sit (often the green-colored surface in images of chips) and are a critical part of the supply chain. An assessment from the Departments of Commerce and Homeland Security called for domestic investment and production of key information and communications technology products such as PCBs.

    The Protecting Circuit Boards and Substrates Act includes the following provisions to incentivize domestic PCB manufacturing and R&D:

    1. Provides a 25% tax credit for the purchase or acquisition of American-made PCBs;

    2. Establishes a financial assistance program, modeled on the CHIPS for America Act, for American facilities manufacturing or researching PCBs;

    3. Requires a Presidential determination for single financial awards over $150 million;

    4. Provides for delay and technology clawbacks of award funds in the event that funding is not used efficiently or in a manner that raises national security concerns;

    5. Authorizes appropriations of $3 billion to carry out the program.

     

    MIL OSI USA News –

  • MIL-OSI USA: Congressman Krishnamoorthi Honored as Governmental Leader of the Year by DuPage Mayors and Managers Conference

    Source: United States House of Representatives – Congressman Raja Krishnamoorthi (8th District of Illinois)

    SCHAUMBURG, IL – At this week’s DuPage Mayors and Managers Conference (DMMC) Annual Dinner and Recognition Ceremony, Congressman Raja Krishnamoorthi (IL-08) was presented with the 2024 Governmental Leader of the Year Award for his leadership and advocacy on behalf of local communities, particularly those impacted by the Canadian Pacific–Kansas City Southern Railway merger. The award, presented by outgoing DMMC President Mayor Scott Levin of Elmhurst, recognized Congressman Krishnamoorthi’s partnership with DuPage County mayors and first responders in elevating public safety concerns stemming from increased freight traffic, particularly the potential for blocked emergency routes and delayed response times. The nomination for the award was submitted by Village of Itasca Mayor Jeff Pruyn and Village of Hanover Park Mayor Rodney Craig.

    “I’m deeply honored to receive this award from the DuPage Mayors and Managers Conference,” Congressman Krishnamoorthi said. “This recognition is a testament to what we can achieve when local and federal leaders work hand-in-hand to put public safety first. Whether it’s protecting emergency response routes or strengthening infrastructure, I’ll continue standing with our mayors, first responders, and residents to ensure our communities are heard and protected.”

    The DMMC, representing over one million residents, is a coalition of DuPage County municipalities committed to sound public policy, intergovernmental collaboration, and innovative governance.

    MIL OSI USA News –

  • MIL-OSI USA: Congressman DeSaulnier Announces Advancement of $35 Million for Projects to Benefit Contra Costa and Alameda Counties

    Source: United States House of Representatives – Congressman Mark DeSaulnier Representing the 11th District of California

    Washington, D.C. – Today, Congressman Mark DeSaulnier (CA-10) announced that he advanced 15 projects totaling over $35 million to benefit Contra Costa and Alameda Counties for consideration by the U.S. House Committee on Appropriations as part of the Fiscal Year 2026 appropriations process. These projects would help to support public health and safety, transportation accessibility and community development, and environmental protection and sustainability in California’s 10th Congressional District. Each year Congress provides Member-directed federal funding to a select number of Community Projects through the appropriations process. Under this process, each House member is allowed to submit 15 project requests on behalf of their Congressional District to the Appropriations Committee that meet the criteria set forth by the Committee.

    “I am proud to again advance over $35 million in funding that would directly benefit communities in Contra Costa and Alameda Counties by making our roads safer and more accessible, improving our outdoor spaces, providing cost-savings and environmental benefits through sustainability, and bolstering protection from crime and natural disasters,” said Congressman DeSaulnier. “I appreciate the effort of and collaboration with our local governments and organizations in submitting these projects, and I will continue to fight to see them through this legislative process and get the funding delivered to our district.”

    “We are grateful for Congressman DeSaulnier’s leadership in advancing five projects that will improve safety, emergency response, and transportation infrastructure in Contra Costa County. These critical investments will ensure that Contra Costa continues to be a safe and welcoming place for residents and businesses to thrive. We appreciate the Congressman’s foresight in selecting these projects, which offer regional benefits to our community,” said Candace Andersen, Chair of the Contra Costa County Board of Supervisors.

    “Central San wishes to express our sincere gratitude to Congressman DeSaulnier for championing our Ultraviolet (UV) Disinfection Replacement Project. This critical project will provide direct community benefits by improving the resiliency of Central San’s wastewater operations during extreme weather events and significantly reducing its energy footprint. This federal funding will support the transition to a state-of-the-art UV system that will make the wastewater treatment plant more sustainable and energy efficient because it will decrease energy use and meaningfully reduce greenhouse gases produced annually,” said Roger Bailey, General Manager of Central Contra Costa Sanitary District.

    “For truly safe and stable communities, we must make robust investments in public safety, including preventing and prosecuting organized retail theft and fighting labor trafficking. Efforts like the Healing and Justice for Survivors of Labor Trafficking program are designed to significantly increase funding for the number of Victim Witness Unit staff, allowing them to better provide education, outreach, and support for survivors. Congressman Mark DeSaulnier’s success in securing this crucial funding demonstrates his deep understanding of these fundamental needs,” said Diana Becton, District Attorney, Contra Costa County.

    “We appreciate the support from Congressman DeSaulnier in advancing our Community Project Funding request to provide resilient and modern emergency power infrastructure to support the East Bay Regional Communications System.  This project will have a direct impact on improving the public safety radio infrastructure for our firefighters, ambulance crews, and all first responders throughout Contra Costa County and northern Alameda County.  Congressman DeSaulnier is helping us to keep our communities and our first responders safe with this critical infrastructure investment,” said Lewis Broschard, Fire Chief, Contra Costa County Fire Protection District.

    “Investing in energy-efficient storage infrastructure ensures County Connection can power our future fleet with greater reliability and lower costs. This system strengthens our ability to deliver vital transit service during emergencies and supports a cleaner, more resilient future for our community. We’re grateful that Congressman DeSaulnier shares our commitment to sustainability and smart investment in local transit,” said Bill Churchill, General Manager, Central Contra Costa County Transit Authority.

    “We are extremely grateful to be included for consideration; upgrading our officer’s body worn cameras is an important public safety project for our residents and our police department,” said Cindy Darling, Mayor of Walnut Creek.

    “The Contra Costa Transportation Authority (CCTA) sincerely appreciates Congressman DeSaulnier’s continued support in advancing innovative transportation solutions in our county. This critical funding will allow CCTA to implement smart signal technology in the Cities of Antioch and Oakley, enabling signal synchronization, enhanced traffic flow, and smooth congestion. The upgraded system will also prioritize transit and emergency vehicles and support countywide efforts to achieve Vision Zero goals,” said Tim Haile, Executive Director, Contra Costa Transportation Authority.

    “The City of Dublin is proud to have Congressman DeSaulnier’s support for our Community Project Funding Request for the Village Parkway Reconstruction and Complete Streets Project. This important project will address critical infrastructure needs by resurfacing roads, improving bicycle access, enhancing safety, and upgrading sidewalks near Dublin High School. Once complete, Village Parkway will be a significantly safer and more accessible corridor for all who live, work, and travel in Dublin,” said Sherry Hu, Mayor of Dublin.

    “We are grateful for Congressman DeSaulnier’s vital support of this critical project. Upgrading our emergency generators will significantly enhance the resilience of the communication systems our first responders rely on during emergencies and disasters,” said Jon King, Board Chair, East Bay Regional Communications System Authority.

    “Thanks to Congressman DeSaulnier’s support, the Marsh Drive Class I Bikeway Project will close a 1.3-mile gap in Contra Costa County’s expansive bicycle network, providing the residents of Pacheco and Martinez a low-stress and multi-use bicycle and pedestrian facility that connects to the 32-mile Iron Horse Regional Trail, improving connectivity to neighboring jurisdictions such as the City of Concord and City of Pleasant Hill, while also improving access to recreational areas such as the lower Walnut Creek channel and Pacheco Marsh. The project will help Contra Costa County achieve its ambitious “Vision Zero” safety goal of having zero fatalities or severe injuries along its road network,” said Warren Lai, Director, Contra Costa County Public Works.

    “We greatly appreciate Congressman DeSaulnier championing the Treat Boulevard Corridor Improvements Project, a multi-modal project that will construct bicycle lanes and enhanced pedestrian infrastructure along Treat Boulevard in the Contra Costa Centre Transit Village of Walnut Creek. The Treat Boulevard Corridor Improvements will provide a critical connection to the region’s 32-mile Iron Horse Regional Trail and active transportation options for commuters and residents of Walnut Creek. This project will transform the road corridor into a model example of complete streets design, improving connectivity to light rail transit (Bay Area Rapid Transit, or BART, Pleasant Hill/Contra Costa Centre Station), high-density housing, and thousands of jobs, further supporting economic, health, and transportation benefits for the Contra Costa Centre and Walnut Creek areas,” said Warren Lai, Director, Contra Costa County Public Works.

    “This is more than a park project – it’s about honoring history, creating access, and supporting public spaces which will serve generations to come. The South of Bailey Road Community Development Project will open 890 acres of land to the public at Thurgood Marshall Regional Park – Home of the Port Chicago 50, laying the foundation for a regional destination rooted in community and remembrance. We deeply appreciate Representative DeSaulnier’s leadership in moving this vision forward,” said Sabrina Landreth, General Manager, East Bay Regional Park District.

    “We are deeply grateful that Congressman DeSaulnier has again selected our Ocean Ambassadors educational program for consideration for Community Project Funding through the Appropriations Committee,” said Cecily Majerus, Chief Executive Officer, The Marine Mammal Center. “Environmental literacy is crucial. This critical funding support would allow the Center to expand our Ocean Ambassadors in Contra Costa County—bringing high-impact, standards-aligned marine science learning to more classrooms through educator training, coaching, and peer mentoring.”

    “The Danville Townwide Fiber project is a transformative step toward a more connected and resilient community. By expanding our fiber infrastructure, we are ensuring that Danville’s traffic systems are smarter, safer, and prepared for the future,” said Renee Morgan, Mayor of Danville.

    “We are grateful for Congressman DeSaulnier’s continued support and unwavering commitment to help Diablo Water District build a resilient water system capable of withstanding potential seismic risks to our underground transmission lines and above-ground steel reservoirs,” said Dan Muelrath, General Manager, Diablo Water District.

    “On behalf of the City of Concord, I extend our sincere thanks to Congressman DeSaulnier for championing the effort to improve our Emergency Operations Center. His support is vital to addressing critical infrastructure needs that impact our emergency response and community safety. This funding will help transform the EOC into a modern, resilient facility that strengthens regional preparedness and protects lives. We deeply appreciate his leadership and commitment to public safety,” said Carlyn Obringer, Mayor or Concord.

    Transportation Accessibility and Community Development Projects:

    • $3,900,000 for the Town of Danville to install fiber optic cables and construct new conduit and junction boxes for 54 traffic signals in Danville to enable real-time traffic signal optimization to reduce traffic congestion and improve safety, and allow for future implementation of smart city technologies.
    • $3,000,000 for the City of Dublin to improve safety and accessibility of Village Parkway by narrowing vehicle lanes, adding lighting, and constructing buffered bike lanes, wider sidewalks, and protected intersections.
    • $2,000,000 for the Contra Costa County Public Works Department to create a separate bike path to fill a gap in the County-wide bicycle network along Marsh Drive in unincorporated Pacheco, which will improve safety for all road users and access to local commercial centers, recreational centers, and additional connections to the local mass transit system.
    • $2,000,000 for the East Bay Regional Park District to construct visitor facilities such as restrooms, drinking fountains, public parking areas, and a turnout lane on Bailey Road to allow for the Thurgood Marshall Regional Park to be opened up to the public.
    • $1,970,010 for the Contra Costa Transportation Authority (CCTA) to upgrade and develop a network of smart traffic signals between Antioch and Oakley to improve commute times, reduce delays, and ease congestion.
    • $1,500,000 for the Contra Costa County Public Works Department to construct bicycle and pedestrian facilities on Treat Boulevard in the Contra Costa Centre Transit Village in Walnut Creek to close a critical gap along the Iron Horse Regional Trail, which would improve safety for non-motorized road users and improve connectivity for first and last mile connections to public transit and local commercial establishments.

    Public Health and Safety Projects:

    • $4,875,000 to the Diablo Water District to provide structural and foundational reinforcements to water infrastructure to mitigate risks associated with major seismic events, safeguard water supply, and contribute to the region’s overall disaster preparedness strategy.
    • $3,649,671 to the City of Concord to make improvements to the Emergency Operations Center in Concord to ensure its longevity, efficiency, and resilience as it serves as a critical hub for bolstering regional preparedness, response, and recovery efforts during emergencies and disasters.
    • $1,915,000 for the Contra Costa County Fire Protection District (Con Fire) to replace and install equipment, including backup generators, shore power plugs, and automatic transfer switches, at radio towers across Contra Costa County that are used for communication between law enforcement, fire, and emergency medical services to improve system reliability during emergencies and disasters that result in the loss of power.
    • $1,000,000 to the City of Walnut Creek to purchase 120 body worn cameras, charging docks, and equipment to promote transparency, accountability, and public trust in the police department.
    • $600,000 for the Contra Costa County District Attorney’s Office to create an Organized Retail Theft (ORT) Prevention and Prosecution Unit with the goal of addressing increased levels of retail theft crimes, helping local law enforcement better confront these types of crimes, and improving public safety.
    • $500,000 for the Contra Costa County District Attorney’s Office to enhance the identification and referral of survivors of labor trafficking and cases of labor trafficking occurring in the County, increase the capacity of the District Attorney’s Office to investigate cases of labor exploitation and trafficking, and improve the quality and scope of services provided to underserved and marginalized victims of human trafficking.

    Environmental Protection and Sustainability Projects:

    • $4,000,000 to the Central Conta Costa Sanitary District (Central San) to upgrade the water treatment facility’s ultraviolet (UV) technology to reduce the energy footprint of water treatment and protect public health and water quality in the region.
    • $4,000,000 to the Central Contra Costa Transit Authority (County Connection) to construct a battery system to allow the agency to charge its zero emission buses overnight, and provide a source of power to maintain operations during emergencies.
    • $272,918 for the Marine Mammal Center to help build scientific literacy and environmental stewardship of the coastal zone for 2,7000 students and their teachers and to develop a pipeline for the future STEM workforce.

    Selection and submission of projects to the Appropriations Committee is the first stage of the process for Community Project Funding. The projects are subject to a strict transparency and accountability process, which is detailed here by the Appropriations Committee. Examples of this vetting include certifying that Members have no financial interest in these projects, an audit of a sampling of these projects by the Government Accountability Office, and a requirement for demonstrated community support and engagement for each submission. More information on each project and the certifications of no financial interest can be found here.

     

    #

    MIL OSI USA News –

  • MIL-OSI United Kingdom: Response to the consultation on plans for a UK Airspace Design Service (UKADS)

    Source: United Kingdom – Executive Government & Departments 2

    Written statement to Parliament

    Response to the consultation on plans for a UK Airspace Design Service (UKADS)

    The UKADS will act as a single guiding mind to deliver a modernised UK airspace, enabling quicker, quieter and cleaner flights.

    The Department for Transport (DfT) and UK Civil Aviation Authority (CAA) are publishing the response to the consultation to establish a UK Airspace Design Service (UKADS), CAP 3106. The UKADS will act as a new single guiding mind to deliver a modernised and holistic design of UK airspace, enabling quicker, quieter and cleaner flights.

    UK airspace is an invisible but essential piece of our national infrastructure. Its design has remained largely unchanged since the 1950s, when there were around 200,000 flights per year in UK airspace, compared to 2.47 million in 2024. If UK airspace is not modernised, it has been estimated that by 2040, 1 in 5 flights could experience disruption and delays.

    Airspace modernisation will ensure that the UK’s airspace is fit for the future, enabling aircraft to fly more direct routes with optimised climb and descent profiles to and from energy-efficient cruising altitudes. This will benefit UK consumers through greater system capacity and better resilience to disruption. Crucially, it will help UK aviation achieve net zero greenhouse gas emissions by 2050.

    The government and CAA have carefully considered the responses to the consultation last autumn. These helped to inform the decision to proceed with the creation of the UKADS and establishment of an Airspace Design Support Fund, announced by the Chancellor on 17 March 2025 and our aim is for the UKADS to be established and operational by the end of 2025.

    NATS (En Route) plc (NERL) will be responsible for providing the UKADS. NERL is the only organisation in the UK with the necessary level of resource and design expertise to deliver the UKADS at pace.

    The initial priority for the UKADS will be to design airspace for the London ‘cluster’ of the airspace change masterplan. The London cluster has the most complex airspace in the UK, and modernisation will unlock significant benefits. This would include any airspace change required for a third runway at Heathrow.

    Airspace modernisation will continue to be funded by industry, following the user-pays principle. The cost of the UKADS will be met through a new UK Airspace Design Charge, which will primarily apply to commercial airlines. This charge will also enable a new Airspace Design Support Fund to help unlock the benefits of modernisation around the rest of the UK.

    Two Statutory Instruments will be laid, using powers in the Transport Act 2000 to enable NERL to be tasked with delivering the UKADS. The CAA will consult on the charge as well as proposed changes to the NERL air traffic services licence.

    Consultation responses also identified opportunities to streamline and simplify the regulatory framework, including the CAA’s airspace change process and the government’s air navigation guidance and air navigation directions. DfT and CAA intend to start consulting by September 2025 on possible changes, which will continue to support safe and efficient airspace design, proper and proportionate assessment of environmental impacts, including noise and engagement with local communities.

    With the establishment of the UKADS, these measures will strengthen the UK’s role as a global aviation leader and confirm this government’s support for airspace modernisation and the benefits it will bring for the country.

    Updates to this page

    Published 2 June 2025

    MIL OSI United Kingdom –

  • MIL-OSI Asia-Pac: Provisional statistics of retail sales for April 2025

    Source: Hong Kong Government special administrative region

         The Census and Statistics Department (C&SD) released the latest figures on retail sales today (June 2).

         The value of total retail sales in April 2025, provisionally estimated at $28.9 billion, decreased by 2.3% compared with the same month in 2024. The revised estimate of the value of total retail sales in March 2025 decreased by 3.5% compared with a year earlier. For the first 4 months of 2025 taken together, it was provisionally estimated that the value of total retail sales decreased by 5.6% compared with the same period in 2024.

         Of the total retail sales value in April 2025, online sales accounted for 8.1%. The value of online retail sales in that month, provisionally estimated at $2.3 billion, decreased by 3.5% compared with the same month in 2024. The revised estimate of online retail sales in March 2025 decreased by 0.5% compared with a year earlier. For the first 4 months of 2025 taken together, it was provisionally estimated that the value of online retail sales decreased by 2.2% compared with the same period in 2024.

         After netting out the effect of price changes over the same period, the provisional estimate of the volume of total retail sales in April 2025 decreased by 3.3% compared with a year earlier. The revised estimate of the volume of total retail sales in March 2025 decreased by 4.7% compared with a year earlier. For the first 4 months of 2025 taken together, the provisional estimate of the total retail sales decreased by 7.2% in volume compared with the same period in 2024.

         Analysed by broad type of retail outlet in descending order of the provisional estimate of the value of sales and comparing April 2025 with April 2024, the value of sales of commodities in supermarkets decreased by 2.4%. This was followed by sales of jewellery, watches and clocks, and valuable gifts (-1.7% in value); wearing apparel (-5.6%); motor vehicles and parts (-53.4%); fuels (-12.5%); footwear, allied products and other clothing accessories (-5.1%); furniture and fixtures (-16.7%); and optical shops (-0.2%).

         On the other hand, the value of sales of other consumer goods not elsewhere classified increased by 13.4% in April 2025 over a year earlier. This was followed by sales of medicines and cosmetics (+7.2% in value); food, alcoholic drinks and tobacco (+3.0%); electrical goods and other consumer durable goods not elsewhere classified (+1.6%); commodities in department stores (+2.1%); books, newspapers, stationery and gifts (+11.7%); and Chinese drugs and herbs (+3.8%).

         Based on the seasonally adjusted series, the provisional estimate of the value of total retail sales increased by 4.2% in the three months ending April 2025 compared with the preceding three-month period, while the provisional estimate of the volume of total retail sales increased by 7.1%.

    Commentary

         A government spokesman said that retail sales performance showed signs of stabilisation in recent months. The value of total retail sales recorded a modest year-on-year decline of 2.3% in April 2025. The decline narrowed further in April compared with the previous months despite the effect of the late arrival of the Easter holidays this year (in mid-April this year but in the junction of March and April last year) when more residents made outbound trips during the month.

         Looking ahead, the spokesman said that the Government’s proactive promotion of tourism and mega events will help stimulate the consumption market. Increase in employment earnings and sustained steady growth of the Mainland economy will also bolster consumption sentiment. These factors will be supportive to the retail sector, though ongoing changes in consumption patterns and competition among businesses amid the uncertain macroeconomic environment will still pose challenges.

    Further information

         Table 1 presents the revised figures on value index and value of retail sales for all retail outlets and by broad type of retail outlet for March 2025 as well as the provisional figures for April 2025. The provisional figures on the value of retail sales for all retail outlets and by broad type of retail outlet as well as the corresponding year-on-year changes for the first 4 months of 2025 taken together are also shown.

         Table 2 presents the revised figures on value of online retail sales for March 2025 as well as the provisional figures for April 2025. The provisional figures on year-on-year changes for the first 4 months of 2025 taken together are also shown.

         Table 3 presents the revised figures on volume index of retail sales for all retail outlets and by broad type of retail outlet for March 2025 as well as the provisional figures for April 2025. The provisional figures on year-on-year changes for the first 4 months of 2025 taken together are also shown.

         Table 4 shows the movements of the value and volume of total retail sales in terms of the year-on-year rate of change for a month compared with the same month in the preceding year based on the original series, and in terms of the rate of change for a three-month period compared with the preceding three-month period based on the seasonally adjusted series.

         The classification of retail establishments follows the Hong Kong Standard Industrial Classification (HSIC) Version 2.0, which is used in various economic surveys for classifying economic units into different industry classes.

         These retail sales statistics measure the sales receipts in respect of goods sold by local retail establishments and are primarily intended for gauging the short-term business performance of the local retail sector. Data on retail sales are collected from local retail establishments through the Monthly Survey of Retail Sales (MRS). Local retail establishments with and without physical shops are covered in MRS and their sales, both through conventional shops and online channels, are included in the retail sales statistics.

         The retail sales statistics cover consumer spending on goods but not on services (such as those on housing, catering, medical care and health services, transport and communication, financial services, education and entertainment) which account for over 50% of the overall consumer spending. Moreover, they include spending on goods in Hong Kong by visitors but exclude spending outside Hong Kong by Hong Kong residents. Hence they should not be regarded as indicators for measuring overall consumer spending.

         Users interested in the trend of overall consumer spending should refer to the data series of private consumption expenditure (PCE), which is a major component of the Gross Domestic Product published at quarterly intervals. Compiled from a wide range of data sources, PCE covers consumer spending on both goods (including goods purchased from all channels) and services by Hong Kong residents whether locally or abroad. Please refer to the C&SD publication “Gross Domestic Product by Expenditure Component” for more details.

         More detailed statistics are given in the “Report on Monthly Survey of Retail Sales”. Users can browse and download this publication at the website of the C&SD (www.censtatd.gov.hk/en/EIndexbySubject.html?pcode=B1080003&scode=530).

         Users who have enquiries about the survey results may contact the Distribution Services Statistics Section of the C&SD (Tel: 3903 7400; email : mrs@censtatd.gov.hk).

    MIL OSI Asia Pacific News –

  • MIL-OSI Russia: At the Irkeshtam checkpoint on the Chinese-Kyrgyz border, customs clearance of goods has begun on a trial basis in the “24/7” mode

    Translation. Region: Russian Federal

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

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

    URUMQI, June 2 (Xinhua) — The 24/7 customs clearance regime officially began trial operation at the Irkeshtam border checkpoint on the China-Kyrgyzstan border in northwest China’s Xinjiang Uygur Autonomous Region on Sunday, the local border control agency said.

    Thus, Irkeshtam, which is the westernmost land border crossing of China, became the second such checkpoint in Xinjiang, where it was possible to ensure continuous operation in the field of customs clearance of goods, following the Khorgos checkpoint. This will further contribute to the uninterrupted trade and logistics channels between China and Central Asia.

    There has been a steady increase in the number of people and vehicles entering and leaving China through the Irkeshtam checkpoint in recent years, indicating high demand for cross-border transportation.

    According to Jiang Zhidong, chairman of a local international trade company, 24/7 customs clearance of goods will significantly improve the efficiency of cargo transit through Irkeshtam and reduce logistics costs.

    According to data as of June 1, the number of people and vehicles that passed through the Irkeshtam checkpoint after inspection amounted to more than 105,800 person-times and more than 98,500 units, respectively, which is 80 percent and 79 percent more in annual terms.

    Since the trial launch of the 24/7 customs clearance regime for cargo at 10:00 on Sunday, as of 08:00 on Monday, a total of 966 incoming and outgoing trucks have been checked and cleared at the Irkeshtam checkpoint. -0-

    MIL OSI Russia News –

  • MIL-OSI Russia: Uzbekistan and the UK have completed bilateral negotiations on WTO accession

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian –

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

    Tashkent, June 2 /Xinhua/ — Uzbekistan and the United Kingdom have completed bilateral negotiations on joining the WTO, the UzDaily.uz news portal reported on Sunday, citing the words of Uzbekistan’s chief negotiator Azizbek Urunov.

    “At the end of last month, we were in London to hold bilateral talks with the British side. Now I am happy to announce their completion,” A. Urunov noted. According to him, after returning to Tashkent, the Uzbek delegation carried out all the necessary internal procedures.

    It is noted that the UK has become the 24th country with which Uzbekistan has completed bilateral negotiations on market access.

    According to him, negotiations still need to be held with several WTO member countries to complete the entire process of bilateral agreements. The agreement reached with the UK is considered a significant step forward in the overall process of Uzbekistan’s accession to the international trading system. –0–

    MIL OSI Russia News –

  • MIL-OSI Russia: Russian Foreign Minister and US Secretary of State Discuss Ukraine Crisis in Phone Call

    Translation. Region: Russian Federal

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

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

    Moscow, June 2 (Xinhua) — Russian Foreign Minister Sergey Lavrov and U.S. Secretary of State Marco Rubio had a telephone conversation on Sunday. The parties discussed the situation related to the crisis around Ukraine. The corresponding information was published by the press service of the Russian Foreign Ministry on the same day.

    US Secretary of State M. Rubio expressed his sincere condolences over the civilian casualties resulting from the bombings of railway infrastructure in the Bryansk and Kursk regions on June 1.

    The Russian side emphasized that the competent authorities are conducting the most thorough investigation and the results will be published in the nearest future. The guilty parties will definitely be identified and will inevitably suffer the punishment they deserve.

    S. Lavrov and M. Rubio also exchanged views on various initiatives concerning the political settlement of the Ukrainian crisis, including plans to resume direct Russian-Ukrainian negotiations in Istanbul on June 2. –0–

    MIL OSI Russia News –

  • MIL-OSI Russia: Summary: Ukraine announced attacks against Russian airfields, Russian Defense Ministry reported several aircraft units catching fire

    Translation. Region: Russian Federal

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

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

    Kyiv/Moscow, June 2 (Xinhua) — The Security Service of Ukraine (SBU) said Sunday that 34 percent of strategic cruise missile carriers at Russia’s main airfields were hit in an attack carried out on Sunday. The Russian Defense Ministry, meanwhile, said several aircraft caught fire.

    According to a message published by the SBU on Facebook, the estimated cost of the damaged strategic aviation is about 7 billion US dollars.

    The Interfax-Ukraine news agency, citing its sources, reported that drones struck four military airfields on Russian territory: Belaya in the Irkutsk region, Dyagilevo in the Ryazan region, Olenya in the Murmansk region, and Ivanovo in the Ivanovo region.

    According to the agency, more than forty A-50, Tu-95 and Tu-22 aircraft, which Russia used to strike Ukrainian territory, were hit as a result of the attack.

    The Russian Defense Ministry, in turn, reported that the Ukrainian side committed a terrorist attack using FPV drones against airfields in the Murmansk, Irkutsk, Ivanovo, Ryazan and Amur regions. All terrorist attacks at military airfields in the Ivanovo, Ryazan and Amur regions were repelled.

    According to the Russian military department, several aircraft units caught fire in the Murmansk and Irkutsk regions as a result of FPV drones being launched from the territory located in the immediate vicinity of airfields. The fires have been extinguished. There are no casualties among military personnel or civilian personnel. Some of the participants in the terrorist attacks have been detained.

    Irkutsk Region Governor Igor Kobzev reported on his Telegram channel that the first drone attack in Siberia took place in the region on a military unit in the village of Sredniy. “At the moment, it is known that this was a drone attack on a military unit in the village of Sredniy. The first in Siberia. One drop was on an old building in Novomaltinsk. The exact number of UAVs has not yet been counted. Operational and security services have been deployed to the scene: FSB officers, the Ministry of Emergency Situations, and Russian National Guard fighters. They set up an operational headquarters. I also went to the Usolsky District,” I. Kobzev wrote. –0–

    MIL OSI Russia News –

  • MIL-OSI Europe: OSCE continues to promote green mobility through VI Cycling Marathon in Djizak

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

    Headline: OSCE continues to promote green mobility through VI Cycling Marathon in Djizak

    The OSCE Project Co-ordinator in Uzbekistan (PCUz) organized the VI Cycling Marathon for preschool children on 30 May 2025 in Djizak, marking another step in its ongoing efforts to promote environmental awareness, sustainable mobility and healthy lifestyles.
    This annual initiative brought together 100 children and their families, highlighting the importance of early environmental education and active living.
    “The Cycling Marathon takes place on the eve of International Children’s Day. This reminds us that we have to work against climate change now. We must not steal the right to a clean and safe environment from our children,” said Ambassador Antti Karttunen, Head of Office of PCUz.
    Earlier this year, the PCUz donated 500 balance bicycles to preschool educational institutions in the Djizak region. In addition, instructors and educators were coached to provide cycling training in accordance with international practices, ensuring children develop essential motor and co-ordination skills through fun and safe eco-friendly activities.
    By encouraging the use of green transport and raising awareness about environmental protection, the PCUz supports Uzbekistan’s transition to a green economy and promotes sustainable development values from an early age. This sixth edition of the cycling marathon follows successful events held in Tashkent, Samarkand, Khiva, Nukus and Namangan.
    The marathon was opened jointly by Ambassador Karttunen; Sherzod Karimov, Deputy Minister of Preschool and School Education; and Akmal Savurbaev, Deputy Governor of the Djizak region.

    MIL OSI Europe News –

  • MIL-OSI: BW Offshore: First quarter results 2025

    Source: GlobeNewswire (MIL-OSI)

    First quarter results 2025

    HIGHLIGHTS

    • Q1 EBITDA USD of 91 million and operating cashflow of USD 57 million
    • Sale of BW Pioneer for USD 125 million
    • Received USD 36 million arbitration settlement in April, USD 21 million recognised in EBITDA
    • Robust balance sheet with an equity ratio of 30.9% and USD 542 million in available liquidity
    • Q1 cash dividend of USD 0.063 per share
    • BW Opal departed the shipyard in Singapore 28 May
    • Full-year 2025 EBITDA guidance maintained in the range of USD 220-250 million

    BW Offshore is nearing completion of the Barossa project well within the updated budget. On 28 May, the FPSO BW Opal departed the shipyard in Singapore and is currently enroute to the field where hook-up and connection will be undertaken. The FPSO is on track for first gas within the third quarter.

    The Board of Directors has declared a quarterly cash dividend of USD 0.063 per share. The shares will trade ex-dividend from 4 June 2025. Shareholders recorded in VPS following the close of trading on Oslo Børs on 3 June 2025, will be entitled to the distribution payable on or around 12 June 2025.

    “The BW Opal is on its way to the Barossa field to start producing gas under the 15-year contract, providing material earnings and cash flow to BW Offshore from later this year,” said Marco Beenen, CEO of BW Offshore. “At the same time, we continue to mature selected potential FPSO projects that meet our criteria, with solid counterparties and long-term investment horizons. Our growth strategy is supported by a strong balance sheet, high commercial uptime and robust cash generation from the existing fleet.”

    In late March, the Company completed the sale of FPSO BW Pioneer to Murphy Oil for USD 125 million and received an initial USD 100 million of the proceeds. The remaining USD 25 million was received in the second quarter upon meeting all conditions precedent. The two parties signed a five-year O&M contract, under which BW Offshore will continue to provide operations and maintenance services.

    In early April, BW Offshore received approximately USD 36 million including interest, after settling the arbitration with PRIO (formerly Petrorio) related to the FPSO Polvo lease dispute. This led to the recognition of USD 21 million of additional revenue and EBITDA in the first quarter accounts.

    FINANCIALS
    EBITDA for the first quarter of 2025 was USD 91.3 million (USD 71.9 million in Q4 2024), reflecting good operational performance and the arbitration settlement with PRIO.

    EBIT for the first quarter was USD 73.7 million (USD 30.8 million).

    Gain from sale of fixed assets was USD 14.8 million and relates to the sale of BW Pioneer.

    Net financial items were positive at USD 10.4 million (USD 19.4 million in Q4 2024). This included a net interest income of USD 1.1 million, which reflects USD 4.1 million of interest earned on the arbitration settlement with PRIO (net interest expense of USD 3.0 million). Both first quarter 2025 and fourth quarter 2024 were positively impacted by a valuation gain on the financial liability related to the Barossa project. This was driven by changes in the timing of expected future cash flows due to a later planned start-up of the facility, as well as a favourable mark-to-market adjustment on interest rate hedges.

    The share of loss from equity-accounted investments was USD 4.6 million, including a valuation adjustment on the Barossa finance receivable related to changes in timing of future expected cash flows (loss of USD 9.5 million).

    Tax expense was USD 17.3 million (tax income USD 0.1 million). The increase in tax expenses is mainly due to tax on the sale of BW Pioneer.

    Net profit for the first quarter increased to USD 62.2 million (USD 40.8 million).

    Total equity at 31 March 2025 was USD 1 271.7 million (USD 1 246.6 million) and the equity ratio was 30.9% at (30.8%).

    As a result of strong cash generation from the fleet and asset sales, the Company was net cash positive by USD 184.3 million at 31 March 2025 (USD 74.4 million net cash positive at the end of 2024).

    Available liquidity was USD 542 million, excluding consolidated cash from BW Ideol and including USD 100 million available under the corporate loan facility.

    FPSO OPERATIONS
    The FPSO fleet continued to deliver stable operations in the quarter with a weighted average fleet uptime of 100.0% (99.2% in the fourth quarter), including BW Pioneer.

    BW Adolo contributed positively through the volume-based tariff as production increased to approximately 39,000 barrels per day in the quarter and BW Catcher continued to maintain high commercial uptime.

    On 20 May 2025, BW Energy Gabon took over operations of the FPSO BW Adolo. BW Offshore continues to lease the unit under the same terms, excluding O&M services. A USD 100 million put-and-call option remains in place for 2028. The transition is ongoing and will be supported by both parties through 30 June 2025.

    FPSO PROJECT OPPORTUNITIES
    In January, BW Offshore was selected to perform the pre-FEED study for the Bay du Nord FPSO project by Equinor.

    The Company also progressed the FEED for Repsol’s Block 29 development in Mexico.

    Due to the current high activity related to FPSO-based development projects, BW Offshore recently acquired the FPSO Nganhurra. The vessel has a high-quality hull, well suited for installation of a new topside. Reusing existing energy production infrastructure reduces environmental impact, is cost efficient and enables shorter lead time from project sanction to first oil. The acquisition involves a limited upfront payment, with additional consideration linked to redeployment by June 2027. The unit enhances BW Offshore’s ability to respond to emerging project opportunities and strengthens its position in a supply-constrained market.

    FLOATING ENERGY TRANSITION SOLUTIONS
    BW Offshore is committed to contribute to the energy transition by leveraging FPSO expertise to deliver low-carbon energy and expand into new sectors, focusing on low-emission oil and gas, CO2 transport, gas-to-power and floating ammonia to meet evolving energy demands. The Company maintains a disciplined approach with selective and diligent allocation of capital and a commitment to creating shareholder value.

    BW Offshore owns 64% of BW Ideol, a leader in offshore floating wind technology and co-development with over 14 years of experience in the development of floating wind projects. A shareholder loan of EUR 6.7 million has been provided to support the company’s operations over the next 12 months.

    The 1 GW Buchan offshore wind project in Scotland recently held its third and final public consulting round as part of the preparation for the final consent application later this year. In France, work continued on the three floating substructures for the Eolmed floating wind pilot with installation of the transition pieces which will hold the wind turbines. Commissioning of the three floating turbines is expected by end of 2025.

    OUTLOOK
    Growing energy demand continues to drive interest in developing new infrastructure-type FPSO projects with long production profiles, low break-even costs, and a focus on lower emissions. Increased project complexity, combined with higher construction costs, necessitates financial structures with significant day rate prepayments during the construction period for new lease and operate projects. Alternatively, oil and gas majors may finance and own FPSOs, relying on FPSO specialists for the design, construction and installation scope, combined with operation and maintenance services. BW Offshore is well positioned to offer both solutions.

    In recent years, the number of sanctioned FPSO projects have lagged market expectations. Consequently, there is a growing number of projects at various stages of maturity, reflecting a pent-up demand for FPSOs. Increased FEED and tendering activity are a function of this, and BW Offshore expects that a number of the FPSO projects the Company is engaging with will reach a final investment decision over the next 36 months. These market dynamics, combined with the high level of expertise required for project execution, are expected to enable better risk-reward and improved margins for FPSO companies going forward.

    BW Offshore continues to selectively evaluate new projects that meet required return targets, offer contracts with no residual value risk after firm period, and provide a financeable structure with strong national or investment-grade counterparties.

    BW Offshore expects that the fleet will continue to generate significant cash flows in the time ahead, supported by the USD 5.4 billion firm contract backlog at the end of March 2025.

    Please see attached the Q1 Presentation. The earnings tables are available at:

    https://www.bwoffshore.com/ir/

    BW Offshore will host a webcast of the financial results 09:00 (CEST) today. The presentation will be given by CEO Marco Beenen and CFO Ståle Andreassen.

    Webcast information:
    You can follow the presentation via webcast with supporting slides and a Q&A module, available on:

    BW Offshore Limited – Q1 Presentation Webcast

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

    For further information, please contact:
    Ståle Andreassen, CFO, +47 91 71 86 55
    IR@bwoffshore.com or www.bwoffshore.com

    About BW Offshore:
    BW Offshore engineers innovative floating production solutions. The Company has a fleet of FPSOs with potential and ambition to grow. By leveraging four decades of offshore operations and project execution, the Company creates tailored offshore energy solutions for evolving markets world-wide. BW Offshore has around 1,100 employees and is publicly listed on the Oslo stock exchange.

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

    Attachment

    The MIL Network –

  • MIL-OSI: Atos Group receives confirmatory offer from the French State to acquire part of its former Advanced Computing business

    Source: GlobeNewswire (MIL-OSI)

    Press release

    Atos Group receives confirmatory offer from the French State to acquire part of its former
    Advanced Computing business

    Vision AI activities excluded from the transaction

    • Confirmatory offer received from the French State to acquire Eviden’s Advanced Computing business excluding newly separated Vision AI activities
    • Enterprise Value of €410 million including €110 million contingent earn outs, following the exclusion of Vision AI activities
    • Vision AI activities, contributing to more than one third of the operating margin of the formerly considered perimeter, repositioned in Eviden to structure a new business unit
    • The Parties aim to sign a binding agreement1in the coming weeks, with a closing of the transaction expected in 2026

    Paris, France – June 2, 2025 – Following its press release dated November 25, 2024, Atos SE (“Atos” or the “Company”) announces that it has received a confirmatory offer from the French State to acquire its Advanced Computing business, excluding Vision AI activities (comprising mainly the Ipsotek subsidiary acquired in 2021), for an enterprise value (EV) of €410 million, including €110 million earn-outs that are based on profitability indicators for fiscal years 2025 (€50 million that should be paid upon closing) and 2026 (€60 million).
    The revised EV in comparison with the one communicated in November 2024 reflects the reduced scope of the transaction.

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

    Eviden will be reorganizing its Vision AI capabilities (based in the UK) around a new business unit to continue its focus on AI, Data and Security as communicated during the Capital Markets Day. With deep expertise in AI-powered video analytics for operations, safety and security (such as abandoned luggage detection, crowd management or manufacturing quality inspection), this structure will support Atos Group organization to deliver improved and higher-value offerings to clients.

    The Board of Directors welcomed the offer, based on the report of the independent expert appointed by the Board, which confirmed that the valuation of the disposed perimeter and the terms of the transaction are at fair market value.

    Atos Group 2028 financial trajectory presented at the Capital Markets Day on 14 May 2025, on the assumption of a disposal of Advanced Computing, remains unchanged.

    About Atos Group

    Atos Group is a global leader in digital transformation with c. 72,000 employees and annual revenue of c. € 10 billion, operating in 68 countries under two brands — Atos for services and Eviden for products. European number one in cybersecurity, cloud and high-performance computing, Atos Group is committed to a secure and decarbonized future and provides tailored AI-powered, end-to-end solutions for all industries. Atos is a SE (Societas Europaea) and listed on Euronext Paris.

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

    Contacts

    Investor relations: investors@atos.net

    Individual shareholders: +33 8 05 65 00 75

    Media relations: globalprteam@atos.net

    1 The binding agreement refers to the put option agreement. A share purchase agreement attached to the put option agreement will be signed upon and subject to completion of the information procedure and consultation with the relevant employee representative bodies. It is also specified that the transaction is subject to approval by the relevant regulation authorities.

    Attachment

    The MIL Network –

  • MIL-OSI: Periodic announcement on the acquisition of the Bank‘s own shares and its results (week 4)

    Source: GlobeNewswire (MIL-OSI)

    This announcement contains information on transactions of the acquisition of own shares of AB Artea bankas (the Bank) carried during the period specified below under the Bank’s own share buy-back programme announced on 30 April 2025. 

     

    The period during which the acquisition of the Bank’s own shares under the programme was carried out – 05.05.2025 – 30.05.2025. 

     

    Period covered by this periodic report – 26.05.2025 – 30.05.2025. 

     

    Other information: 

    Transaction overview 

    Date 

    Total number of shares purchased on the day ( units) 

    Weighted average price (EUR) 

    Total value of transactions (EUR) 

    2025.05.26

    100,000

    0.878

    87,755.04

    2025.05.27

    100,000

    0.877

    87,700.00

    2025.05.28

    100,000

    0.875

    87,500.17

    2025.05.29

    –

    –

    –

    2025.05.30

    100,000

    0.876

    87,600.00

    Total acquired during the current week 

    400,000

    0.876

    350,555.21

    Total acquired during the programme period 

    1,900,000

    0.88

    1,672,643.37

     

     

     

     

     

    The Bank’s own bought-back shares: 12,097,749 units.  

     

    Following the above transactions, the Bank will own a total of 12,497,749 units of own shares representing 1.89 % of the Bank’s issued shares. 

     

    Further detailed information on the transactions is attached. 

     

    This information is also available at: www.artea.lt   

     

    Additional information:
    Tomas Varenbergas
    Head of Investment Management Division
    tomas.varenbergas@artea.lt, +370 610 44447

    Attachment

    The MIL Network –

  • MIL-OSI: Colt, Honeywell and Nokia join forces to trial space-based quantum-safe cryptography

    Source: GlobeNewswire (MIL-OSI)

    Press Release
    Colt, Honeywell and Nokia join forces to trial space-based quantum-safe cryptography

    • Tech collaboration will explore ways to protect encrypted data from quantum risk using Low Earth Orbit satellites.
    • Trial to use space-based quantum key distribution to overcome terrestrial distance limitations.

    2 June 2025
    Espoo, Finland – Colt Technology Services (Colt), a global digital infrastructure company, Honeywell and Nokia today announced a collaboration to explore quantum-safe networking using satellite communications. As part of the initiative, the companies are planning to test new ways of protecting encrypted optical network traffic from risks presented when quantum computing potentially breaks through traditional encryption methods, leaving data vulnerable to cyber threats.

    Traditional encryption methods, or cryptography, rely on complex mathematical problems that are difficult for computers to solve, but quantum computers are expected to solve these problems faster, potentially breaking through traditional encryption methods and putting data at risk. One promising advancement in this field is quantum key distribution (QKD), a technology central to the quantum evolution. However, QKD currently faces a major limitation: terrestrial physical constraints restrict its range to around 100 kilometers. To achieve global coverage of QKD, the technology can overcome these limitations by moving into space. Colt, Honeywell and Nokia plan to explore quantum-safe cryptography, trialling space-based and subsea techniques which are resistant to quantum computing attacks.

    The companies will trial quantum key distribution – a method used to securely share encryption keys between two parties – using low earth orbit satellites for ultra-long distances and transatlantic reach. The three companies share a collective goal: enable customers to benefit from the huge potential of quantum computing in ways that help solve pressing challenges, while protecting them from risk. The trial is expected to be of interest to organisations responsible for vast amounts of highly sensitive data such as financial firms, healthcare and pharmaceutical organisations and government bodies.

    “Fundamental to the collaboration between Colt, Honeywell and Nokia is a shared passion and determination to push the boundaries of technology to find solutions which safeguard our customers and help them succeed. At Colt, we do everything we can to make life easier for our customers. It’s why we’re taking action now to protect our customers from future cybersecurity risks, tackling tomorrow’s threats, today,” said Buddy Bayer, chief operating officer, Colt Technology Services.

    “With over five decades of aerospace expertise, Honeywell has witnessed and adapted to the evolution of the global communications landscape. We are proud to continue as a leader in innovating future-proof solutions such as the QEYSSat and QKDSat missions for the quantum era. This collaboration represents a significant step forward in securing the future of critical data: designing solutions to enhance resilience, ensuring long-term data security for critical infrastructure and communications systems,” said Lisa Napolitano, vice president and general manager, Space, Honeywell Aerospace Technologies.

    “Nokia is helping our customers stay ahead when it comes to securing critical data through resilient defense-in-depth strategies. Quantum computing brings great promise, but it’s also a potential threat to the encryption models on which society has relied so far. This collaboration with Colt and Honeywell shows how space-based quantum-safe technologies can help protect networks, safeguarding sensitive information across every domain against future quantum threats,” said James Watt, vice president and general manager, Optical Networks at Nokia.

    Ahead of the trial, Colt, Honeywell and Nokia have drafted a white paper with more detail on the risks, threats and opportunities presented by quantum cryptography. The paper, entitled ’The Journey to Quantum-Safe Networking’ is available to download here.

    The announcement follows a pilot Colt announced in March to explore quantum-secure networking across terrestrial networks.

    Multimedia, technical information and related news
    Web Page: Quantum Explained
    Web Page: Quantum Safe Technologies

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

    As a B2B technology innovation leader, we are pioneering networks that sense, think and act by leveraging our work across mobile, fixed and cloud networks. In addition, we create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs, which is celebrating 100 years of innovation.

    With truly open architectures that seamlessly integrate into any ecosystem, our high-performance networks create new opportunities for monetization and scale. Service providers, enterprises and partners worldwide trust Nokia to deliver secure, reliable and sustainable networks today – and work with us to create the digital services and applications of the future.

    About Colt Technology Services

    Colt Technology Services (Colt) is a global digital infrastructure company which creates extraordinary connections to help businesses succeed. Powered by amazing people and like-minded partners, Colt is driven by its purpose: to put the power of the digital universe in the hands of its customers, wherever, whenever and however they choose.
    Since 1992, Colt has set itself apart through its deep commitment to its customers, growing from its heritage in the City of London to a global business spanning 40+ countries, with over 6,000 employees and more than 80 offices around the world. Colt’s customers benefit from expansive digital infrastructure connecting 32,000 buildings across 230 cities, more than 50 Metropolitan Area Networks and 275+ Points of Presence across Europe, Asia, the Middle East, Africa and North America’s largest business hubs.
    Privately owned, Colt is one of the most financially sound companies in the sector. Obsessed with delivering industry-leading customer experience, Colt is guided by its dedication to customer innovation, by its values and its responsibility to its customers, partners, people and the planet.

    About Honeywell
    Products and services from Honeywell Aerospace Technologies are found on virtually every commercial, defense and space aircraft, and in many terrestrial systems. The Aerospace Technologies business unit builds aircraft engines, cockpit and cabin electronics, wireless connectivity systems, mechanical components, power systems, and more. It’s hardware and software solutions create more fuel-efficient aircraft, more direct and on-time flights and safer skies and airports. For more information, visit aerospace.honeywell.com or follow Honeywell Aerospace Technologies on LinkedIn.
    Honeywell is an integrated operating company serving a broad range of industries and geographies around the world. Our business is aligned with three powerful megatrends – automation, the future of aviation and energy transition – underpinned by our Honeywell Accelerator operating system and Honeywell Forge IoT platform. As a trusted partner, we help organizations solve the world’s toughest, most complex challenges, providing actionable solutions and innovations through our Aerospace Technologies, Industrial Automation, Building Automation and Energy and Sustainability Solutions business segments that help make the world smarter and safer as well as more secure and sustainable. For more news and information on Honeywell, please visit www.honeywell.com/newsroom.

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

    Sarah Miller – Nokia media relations
    Phone: 613-720-9716 |
    Email: sarah.miller@nokia.com

    Colt Head of PR
    Anne Amlot
    Email: anne.amlot@colt.net

    Honeywell
    Juliet Collins-Achong        
    Phone: +44 7787 282932                        
    Email: juliet.collins-achong@honeywell.com

    Follow Nokia on social media
    LinkedIn X Instagram Facebook YouTube

    Follow Colt on social media
    LinkedIn Instagram TikTok Facebook

    The MIL Network –

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

    Source: GlobeNewswire (MIL-OSI)

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

    About CoinShares

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

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

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

    The MIL Network –

  • MIL-OSI: Danske Bank share buy-back programme: transactions in week 22

    Source: GlobeNewswire (MIL-OSI)

    Company announcement no. 27 2025

    Danske Bank

    Bernstorffsgade 40

    DK-1577 København V

    Tel. + 45 33 44 00 00

    2 June 2025

    Page 1 of 1

    Danske Bank share buy-back programme: transactions in week 22

    On 7 February 2025, Danske Bank A/S announced a share buy-back programme for a total of DKK 5 billion, with a maximum of 45,000,000 shares, in the period from 10 February 2025 to 30 January 2026, at the latest, as described in company announcement no. 6 2025.

    The Programme is carried out in accordance with Article 5 of Regulation (EU) No 596/2014 of the European Parliament and Council of 16 April 2014 (the “Market Abuse Regulation”) and the Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016 (together with the Market Abuse Regulation, the “Safe Harbour Rules”).

    The following transactions on Nasdaq Copenhagen A/S were made under the share buy-back programme in week 22:
      Number of shares VWAP DKK Gross value DKK
    Accumulated, last announcement 6,326,466 226.7928 1,434,796,980
    26 May 2025 51,000 255.0470 13,007,397
    27 May 2025 49,795 253.3644 12,616,280
    28 May 2025 50,000 250.4486 12,522,430
    29 May 2025      
    30 May 2025      
    Total accumulated over week 22 150,795 252.9667 38,146,107
    Total accumulated during the share buyback programme 6,477,261 227.4022 1,472,943,087

    With the transactions stated above, the total accumulated number of own shares under the share buy-back programme corresponds to 0.776% of Danske Bank A/S’ share capital.

    Danske Bank

    Contact: Claus Ingar Jensen, Head of Group Investor Relations, tel. +45 25 42 43 70

    Attachment

    The MIL Network –

  • MIL-OSI: Illumio Simplifies Zero Trust in Critical Infrastructure with NVIDIA Accelerated Computing

    Source: GlobeNewswire (MIL-OSI)

    SUNNYVALE, Calif., June 02, 2025 (GLOBE NEWSWIRE) — Illumio Inc., the breach containment company, today announced a strategic integration with NVIDIA to help critical infrastructure organizations strengthen protections and advance their Zero Trust posture. The collaboration integrates the NVIDIA BlueField networking platform with Illumio’s breach containment platform, delivering robust security and operational efficiency across converged IT and Operational Technology (OT) environments.

    Critical infrastructure organizations can now deploy Illumio directly on NVIDIA BlueField, providing security teams with a comprehensive view of network dependencies and precise security controls at both the host and network level. Organizations can gain deep visibility into traffic, protect critical assets, and use NVIDIA BlueField DPUs as effective Zero Trust enforcement points, dramatically simplifying the protection of critical systems and ensuring operational continuity while meeting stringent compliance requirements. In the future, they will also be able to use Illumio’s AI-driven insights to identify risks and attacker patterns, enabling rapid detection of threats in ICS and OT environments.

    The collaboration comes amid rising threats and increased regulatory pressure globally to strengthen cyber resilience and reduce operational risk to OT infrastructure. Key benefits to organizations include:

    • Visibility and policy enforcement for traffic within and between IT and OT layers: Visualize all traffic to and from OT systems equipped with NVIDIA BlueField, using Illumio’s flexible labeling architecture to understand how systems communicate across the entire infrastructure. 
    • Rapid deployment of Zero Trust for critical infrastructure: Easily extend Zero Trust segmentation to OT and ICS environments, reducing deployment complexity, accelerating time to value, and containing breaches by mitigating lateral movement risks.
    • Improved compliance and operational resilience: Identify assets and threats, monitor traffic, and enforce security policies across converged IT/OT environments with no impact to system performance or architectural overhauls. Organizations get consistent and reliable microsegmentation across diverse environments without compromising uptime or resiliency.

    “The integration between Illumio and NVIDIA will significantly strengthen security for cyber-physical systems and bring us closer to achieving our vision of a world without cyber disasters,” says Todd Palmer, Senior Vice President of Global Partner Sales and Alliances, Illumio. “Critical infrastructure is under threat like never before. Together with NVIDIA, we’re making it easier for organizations to protect critical systems, ensure operational continuity, and meet stringent compliance requirements in an increasingly complex landscape.”

    “Cyber risks against critical infrastructure are more sophisticated and disruptive than ever, and lateral movement remains a key factor in successful attacks,” says Ofir Arkin, Senior Distinguished Architect for Cybersecurity at NVIDIA. “Integrating the Illumio and NVIDIA BlueField platforms enables organizations to enhance visibility and control across IT and OT networks, reduce risk, contain attacks, and strengthen operational resilience.”

    Recognized as a leader in The Forrester Wave™: Microsegmentation Solutions, Q3 2024, Illumio is a trusted, dedicated segmentation vendor in the NVIDIA partner ecosystem, delivering a robust cybersecurity platform dedicated to containing breaches. Built on an AI security graph, and comprising Illumio Insights (AI cloud detection and response) and Illumio Segmentation (Zero Trust Segmentation), the platform empowers organizations to identify risks, and contain threats instantly, enabling a Zero Trust strategy. 

    To witness the integration between Illumio and NVIDIA in action, visit the Illumio booth (E30) at Infosecurity Europe in London, happening from June 3–5. More information here: https://www.illumio.com/resources/events/infosec-2025

    About Illumio   
    Illumio is the leader in ransomware and breach containment, redefining how organizations contain cyberattacks and enable operational resilience. Powered by the Illumio AI Security Graph, our breach containment platform identifies and contains threats across hybrid multi-cloud environments – stopping the spread of attacks before they become disasters.

    Recognized as a Leader in the Forrester Wave™ for Microsegmentation, Illumio enables Zero Trust, strengthening cyber resilience for the infrastructure, systems, and organizations that keep the world running.

    Illumio Contact: comms-team@illumio.com  

    The MIL Network –

  • MIL-OSI Economics: Development Asia: Empowering Women, Greening Urban Transport in Uzbekistan

    Source: Asia Development Bank

    Until recently, legal restrictions in Uzbekistan limited women’s access to many jobs. Although a 2019 presidential decree abolished a list of more than 300 professions where female labor was either completely or partially prohibited, legal restrictions remained and prevented women from driving buses or freight vehicles weighing over 2.5 tons or carrying more than 14 passengers. This changed with Cabinet of Ministers’ Resolution No. 85 in February 2024, which officially lifted the remaining barriers.

    While this legislative reform marks a significant step forward, there are still obstacles that limit women’s full participation in public transport employment, highlighting the need for coordinated and effective solutions.

    A key obstacle is the lack of public awareness regarding available opportunities in the transport sector. Although there is strong demand for skilled drivers, information about the benefits of working as an electric bus driver—particularly for women—is still limited.

    Targeted information campaigns, showcasing success stories of female drivers, and media visibility of their contributions to urban mobility could play a vital role in reshaping public perceptions of the profession and inspire more women to consider careers in public transport.

    Working conditions also need to be improved since bus driving is physically and mentally demanding. The World Bank report Closing Gender Gaps in Transport recommends measures such as better shift scheduling, access to clean and well-lit rest areas, provision of sanitary facilities, and implementation of safety programs, which can attract more women to the profession. Modern electric buses, designed with ergonomic driver workstations, also help reduce physical strain and make vehicle operation more comfortable.

    Access to quality training remains a significant barrier. Acquiring the necessary driver’s license and completing required certification courses involve financial costs, which can deter potential candidates. To address this, government support through training subsidies and incentives for companies that hire female drivers could overcome these barriers and encourage higher female participation in the transport sector.

    MIL OSI Economics –

  • MIL-Evening Report: Australia’s latest emissions data reveal we still have a giant fossil fuel problem

    Source: The Conversation (Au and NZ) – By Emma Lovell, Senior Lecturer in Chemical Engineering, UNSW Sydney

    According to Australia’s Climate Change and Energy Minister Chris Bowen, the latest emissions data show “we are on track to reach our 2030 targets” under the Paris Agreement. In 2024, Australia’s greenhouse gas emissions were “27% below 2005 levels”. That’s great news, right?

    Well, yes and no. Australia continues to rely on changes in land use to compensate for emissions released into the atmosphere.

    In other words, Australia’s plants are considered to be taking more carbon dioxide out of the atmosphere now than in 2005. Their efforts are captured in the Land Use, Land-Use Change and Forestry (LULUCF) sector, which is the single largest reason for the significant reduction in Australian emissions.

    Without accounting for land use, Australia’s emissions have only decreased 3% since 2005, not 27%.

    If Australia is serious about reducing emissions and tracking towards net zero by 2050, we need to tackle a series of inconvenient truths about fossil fuels. Fossil fuels feed into almost every aspect of our lives, not just cars and power plants. There are substitutes, but they are not easy to source – and they don’t come cheap.

    How fossil fuel exports drive up emissions here and overseas

    Australia is one of the world’s biggest fossil fuel exporters. The coal, oil and natural gas we export is either burnt or combined with our sizeable iron ore exports to produce iron. But the greenhouse gases are released overseas, so they don’t count in Australia’s emissions data.

    This is in line with our international commitments under the Paris agreement. But there is an argument to be made that even though Australia doesn’t burn those exports, we should acknowledge our central role in contributing to global emissions. We may need to account for these in future reporting.

    Australia’s export emissions are likely to be triple that of our domestic emissions. These emissions have been increasing consistently over the last decade.

    But the process of extracting fossil fuels and preparing them for export does show up in Australia’s domestic emission figures, through what’s called “fugitive emissions”. These fugitive emissions are the unavoidable leaks that occur when we pull fossil fuels out of the ground, store, transport and process them.

    In the year to 2024, fugitive emissions accounted for 10.6% of our emissions, which is far greater than emissions from industrial processes (6.8%).

    Disturbingly, recent analysis suggests fugitive emissions could be drastically underreported. Because these emissions are tricky to measure, they are often estimated on an average basis. This means reported values do not accurately reflect true releases.

    When it comes to fugitive and export emissions, Australia is not on track to meet 2030 targets. Recent export-focused fossil project approvals such as the North West Shelf gas project suggest we might even be backtracking.

    Chris Bowen on Insiders, Sunday June 1, 2025 (ABC News)

    The transition to renewables

    Closing dirty old coal-fired power stations and replacing them with renewable energy such as solar and wind power does cut emissions. The reduction in emissions from the electricity sector, down 23.7% on 2005 levels, is good news. But the difference is still small enough that seasonal variations from Tasmania’s hydro power plants can distort the annual figures.

    At least there is a plan in place for the energy transition. Big, slow wheels are in motion.

    Unfortunately the reality is we will need much, much more renewable energy in the future. Up to three times the current capacity of the National Electricity Market will be needed to cover future domestic energy requirements across electricity and other sectors out to 2050.

    Significantly more would be required to generate enough additional green energy to also produce green value-added commodities.

    Australia’s clean energy challenge

    Discussions around transitioning from fossil fuels typically overlook how deeply they are embedded in our everyday lives.

    Not just the fuel we use in our cars, but the roads we drive on. Not just the electricity we use to power our hospitals, but the steel used to build them and the pharmaceuticals we rely on.

    Globally, around 13% of fossil fuels are not burned but used to make these key chemicals. What’s the alternative?

    Clean electricity is the key.

    Electricity can be used to make hydrogen from water through electrolysis. This hydrogen can then replace fossil fuels in manufacturing – making products such as green steel and ammonia for fertiliser.

    When combined with non-fossil sources of carbon, hydrogen can also be turned into renewable fuels, such as sustainable aviation fuel. It can be used to synthesise green versions of petrochemicals used in industrial processes such as ethanol, propylene and ethylene, which are currently sourced from fossil fuels.

    This takes energy. Lots of it. Fortunately Australia has all the ingredients needed for a booming green industry – one that’s much broader than just renewable electricity.

    Currently, it costs more to produce these chemicals without using fossil fuels. That’s why some companies and state governments have been pulling back from their investments in green hydrogen.

    Most people talk about green hydrogen in the context of energy storage or export. But it can also enable the transition away from fossil fuels in other sectors. The technology exists to make these chemicals and products, without the emissions and it’s slowly but steadily moving closer toward price parity.

    If we can nail this switch to fossil-free alternatives to petrochemicals, Australia would be able to add value onshore, rather than exporting raw materials. For example, we could export iron, not iron ore. Methanol or ammonia, not hydrogen. Export the jumper, not the wool.

    Heavy industry driven by renewables?

    On Sunday, Bowen said he found some areas of the 2024 emissions figures “encouraging, like industrial emissions, way down and lower than 2021”.

    Unfortunately, this result was partly due to a decline in manufacturing. Onshore manufacturing capability has been steadily decreasing, despite increased fossil fuel extraction.

    Unless we ramp up green manufacturing – replacing fossil fuel exports with much needed renewable products and fuels – we will continue to bear responsibility, if not direct accountability, for large, exported emissions as well as onshore fugitive emissions.

    And no amount of changes to land use can account for that.

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

    – ref. Australia’s latest emissions data reveal we still have a giant fossil fuel problem – https://theconversation.com/australias-latest-emissions-data-reveal-we-still-have-a-giant-fossil-fuel-problem-257907

    MIL OSI Analysis – EveningReport.nz –