Category: Vehicles

  • MIL-OSI USA: U.S. International Trade in Goods and Services, May 2025

    Source: US Bureau of Economic Analysis

    The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $71.5 billion in May, up $11.3 billion from $60.3 billion in April, revised.

    U.S. International Trade in Goods and Services Deficit
    Deficit:

    $71.5 Billion

    +18.7%°

    Exports:

    $279.0 Billion

    –4.0%°

    Imports:

    $350.5 Billion

    –0.1%°

    Next release: Tuesday, August 5, 2025

    (°) Statistical significance is not applicable or not measurable. Data adjusted for seasonality but not price changes

    Source: U.S. Census Bureau, U.S. Bureau of Economic Analysis; U.S. International Trade in Goods and Services, July 3, 2025

    Exports, Imports, and Balance (exhibit 1)

    May exports were $279.0 billion, $11.6 billion less than April exports. May imports were $350.5 billion, $0.3 billion less than April imports.

    The May increase in the goods and services deficit reflected an increase in the goods deficit of $11.2 billion to $97.5 billion and a decrease in the services surplus of $0.1 billion to $26.0 billion.

    Year-to-date, the goods and services deficit increased $175.0 billion, or 50.4 percent, from the same period in 2024. Exports increased $73.6 billion or 5.5 percent. Imports increased $248.7 billion or 14.8 percent.

    Three-Month Moving Averages (exhibit 2)

    The average goods and services deficit decreased $16.8 billion to $90.0 billion for the three months ending in May.

    • Average exports increased $0.1 billion to $283.5 billion in May.
    • Average imports decreased $16.7 billion to $373.6 billion in May.

    Year-over-year, the average goods and services deficit increased $18.8 billion from the three months ending in May 2024.

    • Average exports increased $17.9 billion from May 2024.
    • Average imports increased $36.6 billion from May 2024.

    Exports (exhibits 3, 6, and 7)

    Exports of goods decreased $11.4 billion to $180.2 billion in May.

      Exports of goods on a Census basis decreased $10.8 billion.

    • Industrial supplies and materials decreased $10.0 billion.
      • Nonmonetary gold decreased $5.5 billion.
      • Natural gas decreased $1.1 billion.
      • Finished metal shapes decreased $1.0 billion.
    • Capital goods decreased $1.9 billion.
      • Semiconductors decreased $0.6 billion.
      • Civilian aircraft engines decreased $0.5 billion.
      • Telecommunications equipment decreased $0.4 billion.
      • Computer accessories increased $0.8 billion.
    • Consumer goods increased $1.5 billion.
      • Pharmaceutical preparations increased $1.1 billion.

      Net balance of payments adjustments decreased $0.6 billion.

    Exports of services decreased $0.2 billion to $98.8 billion in May.

    • Travel decreased $0.3 billion.
    • Transport decreased $0.2 billion.
    • Charges for the use of intellectual property increased $0.1 billion.
    • Other business services increased $0.1 billion.

    Imports (exhibits 4, 6, and 8)

    Imports of goods decreased $0.2 billion to $277.7 billion in May.

      Imports of goods on a Census basis decreased $0.3 billion.

    • Consumer goods decreased $4.0 billion.
      • Other textile apparel and household goods decreased $0.8 billion.
      • Toys, games, and sporting goods decreased $0.7 billion.
      • Pharmaceutical preparations increased $2.5 billion.
    • Industrial supplies and materials decreased $0.9 billion.
      • Finished metal shapes decreased $1.7 billion.
      • Nuclear fuel materials increased $0.6 billion.
    • Automotive vehicles, parts, and engines increased $3.4 billion.
      • Passenger cars increased $3.1 billion.
    • Other goods increased $1.0 billion.
    • Capital goods increased $0.3 billion.
      • Computers increased $4.4 billion.
      • Computer accessories decreased $2.8 billion.

      Net balance of payments adjustments increased $0.1 billion.

    Imports of services decreased $0.1 billion to $72.8 billion in May.

    • Transport decreased $0.4 billion.
    • Travel decreased $0.2 billion.
    • Other business services increased $0.1 billion.
    • Maintenance and repair services increased $0.1 billion.

    Real Goods in 2017 Dollars – Census Basis (exhibit 11)

    The real goods deficit increased $8.1 billion, or 9.6 percent, to $92.5 billion in May, compared to a 12.3 percent increase in the nominal deficit.

    • Real exports of goods decreased $8.2 billion, or 5.3 percent, to $148.3 billion, compared to a 5.7 percent decrease in nominal exports.
    • Real imports of goods decreased $0.1 billion, or 0.1 percent, to $240.8 billion, compared to a 0.1 percent decrease in nominal imports.

    Revisions

    Revisions to April exports

    • Exports of goods were revised up $1.1 billion.
    • Exports of services were revised up $0.1 billion.

    Revisions to April imports

    • Imports of goods were revised down less than $0.1 billion.
    • Imports of services were revised down $0.2 billion.

    Goods by Selected Countries and Areas: Monthly – Census Basis (exhibit 19)

    The May figures show surpluses, in billions of dollars, with Netherlands ($4.8), Hong Kong ($3.6), South and Central America ($3.3), Switzerland ($3.3), United Kingdom ($3.0), Australia ($1.5), Brazil ($0.5), Saudi Arabia ($0.5), Belgium ($0.4), Singapore ($0.3), and Israel ($0.1). Deficits were recorded, in billions of dollars, with European Union ($22.5), Mexico ($17.1), Vietnam ($14.9), China ($14.0), Ireland ($11.8), Taiwan ($11.5), Germany ($6.8), Japan ($5.8), South Korea ($5.4), India ($5.1), Canada ($2.8), Italy ($2.6), Malaysia ($2.4), and France ($0.5).

    • The deficit with Mexico increased $3.6 billion to $17.1 billion in May. Exports decreased $0.3 billion to $27.5 billion and imports increased $3.3 billion to $44.6 billion.
    • The deficit with Ireland increased $2.4 billion to $11.8 billion in May. Exports increased $0.2 billion to $1.6 billion and imports increased $2.5 billion to $13.4 billion.
    • The deficit with China decreased $5.7 billion to $14.0 billion in May. Exports decreased $1.7 billion to $6.9 billion and imports decreased $7.4 billion to $20.9 billion.

    All statistics referenced are seasonally adjusted; statistics are on a balance of payments basis unless otherwise specified. Additional statistics, including not seasonally adjusted statistics and details for goods on a Census basis, are available in exhibits 1-20b of this release. For information on data sources, definitions, and revision procedures, see the explanatory notes in this release. The full release can be found at www.census.gov/foreign-trade/Press-Release/current_press_release/index.html or www.bea.gov/data/intl-trade-investment/international-trade-goods-and-services. The full schedule is available in the Census Bureau’s Economic Briefing Room at www.census.gov/economic-indicators/ or on BEA’s website at www.bea.gov/news/schedule.

    Next release: August 5, 2025, at 8:30 a.m. EDT
    U.S. International Trade in Goods and Services, June 2025

    Notice

    Update to BEA’s Annual International Services Tables

    BEA’s annual international services tables—BEA’s most detailed trade in services statistics by service type and geographic area—are scheduled for release at 10:00 a.m. on July 3, 2025, for statistics through 2024. With this release, BEA is introducing “Table 2.4. U.S. Trade in Services, Expanded Geographic Detail,” which presents total services exports, imports, and balance for 237 countries and areas, 147 more than the 90 presented in tables 2.2 and 2.3, beginning with statistics for 2018.

    If you have questions or need additional information, please contact BEA, Balance of Payments Division, at InternationalAccounts@bea.gov.

    MIL OSI USA News

  • MIL-OSI USA: U.S. International Trade in Goods and Services, May 2025

    Source: US Bureau of Economic Analysis

    The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $71.5 billion in May, up $11.3 billion from $60.3 billion in April, revised.

    U.S. International Trade in Goods and Services Deficit
    Deficit:

    $71.5 Billion

    +18.7%°

    Exports:

    $279.0 Billion

    –4.0%°

    Imports:

    $350.5 Billion

    –0.1%°

    Next release: Tuesday, August 5, 2025

    (°) Statistical significance is not applicable or not measurable. Data adjusted for seasonality but not price changes

    Source: U.S. Census Bureau, U.S. Bureau of Economic Analysis; U.S. International Trade in Goods and Services, July 3, 2025

    Exports, Imports, and Balance (exhibit 1)

    May exports were $279.0 billion, $11.6 billion less than April exports. May imports were $350.5 billion, $0.3 billion less than April imports.

    The May increase in the goods and services deficit reflected an increase in the goods deficit of $11.2 billion to $97.5 billion and a decrease in the services surplus of $0.1 billion to $26.0 billion.

    Year-to-date, the goods and services deficit increased $175.0 billion, or 50.4 percent, from the same period in 2024. Exports increased $73.6 billion or 5.5 percent. Imports increased $248.7 billion or 14.8 percent.

    Three-Month Moving Averages (exhibit 2)

    The average goods and services deficit decreased $16.8 billion to $90.0 billion for the three months ending in May.

    • Average exports increased $0.1 billion to $283.5 billion in May.
    • Average imports decreased $16.7 billion to $373.6 billion in May.

    Year-over-year, the average goods and services deficit increased $18.8 billion from the three months ending in May 2024.

    • Average exports increased $17.9 billion from May 2024.
    • Average imports increased $36.6 billion from May 2024.

    Exports (exhibits 3, 6, and 7)

    Exports of goods decreased $11.4 billion to $180.2 billion in May.

      Exports of goods on a Census basis decreased $10.8 billion.

    • Industrial supplies and materials decreased $10.0 billion.
      • Nonmonetary gold decreased $5.5 billion.
      • Natural gas decreased $1.1 billion.
      • Finished metal shapes decreased $1.0 billion.
    • Capital goods decreased $1.9 billion.
      • Semiconductors decreased $0.6 billion.
      • Civilian aircraft engines decreased $0.5 billion.
      • Telecommunications equipment decreased $0.4 billion.
      • Computer accessories increased $0.8 billion.
    • Consumer goods increased $1.5 billion.
      • Pharmaceutical preparations increased $1.1 billion.

      Net balance of payments adjustments decreased $0.6 billion.

    Exports of services decreased $0.2 billion to $98.8 billion in May.

    • Travel decreased $0.3 billion.
    • Transport decreased $0.2 billion.
    • Charges for the use of intellectual property increased $0.1 billion.
    • Other business services increased $0.1 billion.

    Imports (exhibits 4, 6, and 8)

    Imports of goods decreased $0.2 billion to $277.7 billion in May.

      Imports of goods on a Census basis decreased $0.3 billion.

    • Consumer goods decreased $4.0 billion.
      • Other textile apparel and household goods decreased $0.8 billion.
      • Toys, games, and sporting goods decreased $0.7 billion.
      • Pharmaceutical preparations increased $2.5 billion.
    • Industrial supplies and materials decreased $0.9 billion.
      • Finished metal shapes decreased $1.7 billion.
      • Nuclear fuel materials increased $0.6 billion.
    • Automotive vehicles, parts, and engines increased $3.4 billion.
      • Passenger cars increased $3.1 billion.
    • Other goods increased $1.0 billion.
    • Capital goods increased $0.3 billion.
      • Computers increased $4.4 billion.
      • Computer accessories decreased $2.8 billion.

      Net balance of payments adjustments increased $0.1 billion.

    Imports of services decreased $0.1 billion to $72.8 billion in May.

    • Transport decreased $0.4 billion.
    • Travel decreased $0.2 billion.
    • Other business services increased $0.1 billion.
    • Maintenance and repair services increased $0.1 billion.

    Real Goods in 2017 Dollars – Census Basis (exhibit 11)

    The real goods deficit increased $8.1 billion, or 9.6 percent, to $92.5 billion in May, compared to a 12.3 percent increase in the nominal deficit.

    • Real exports of goods decreased $8.2 billion, or 5.3 percent, to $148.3 billion, compared to a 5.7 percent decrease in nominal exports.
    • Real imports of goods decreased $0.1 billion, or 0.1 percent, to $240.8 billion, compared to a 0.1 percent decrease in nominal imports.

    Revisions

    Revisions to April exports

    • Exports of goods were revised up $1.1 billion.
    • Exports of services were revised up $0.1 billion.

    Revisions to April imports

    • Imports of goods were revised down less than $0.1 billion.
    • Imports of services were revised down $0.2 billion.

    Goods by Selected Countries and Areas: Monthly – Census Basis (exhibit 19)

    The May figures show surpluses, in billions of dollars, with Netherlands ($4.8), Hong Kong ($3.6), South and Central America ($3.3), Switzerland ($3.3), United Kingdom ($3.0), Australia ($1.5), Brazil ($0.5), Saudi Arabia ($0.5), Belgium ($0.4), Singapore ($0.3), and Israel ($0.1). Deficits were recorded, in billions of dollars, with European Union ($22.5), Mexico ($17.1), Vietnam ($14.9), China ($14.0), Ireland ($11.8), Taiwan ($11.5), Germany ($6.8), Japan ($5.8), South Korea ($5.4), India ($5.1), Canada ($2.8), Italy ($2.6), Malaysia ($2.4), and France ($0.5).

    • The deficit with Mexico increased $3.6 billion to $17.1 billion in May. Exports decreased $0.3 billion to $27.5 billion and imports increased $3.3 billion to $44.6 billion.
    • The deficit with Ireland increased $2.4 billion to $11.8 billion in May. Exports increased $0.2 billion to $1.6 billion and imports increased $2.5 billion to $13.4 billion.
    • The deficit with China decreased $5.7 billion to $14.0 billion in May. Exports decreased $1.7 billion to $6.9 billion and imports decreased $7.4 billion to $20.9 billion.

    All statistics referenced are seasonally adjusted; statistics are on a balance of payments basis unless otherwise specified. Additional statistics, including not seasonally adjusted statistics and details for goods on a Census basis, are available in exhibits 1-20b of this release. For information on data sources, definitions, and revision procedures, see the explanatory notes in this release. The full release can be found at www.census.gov/foreign-trade/Press-Release/current_press_release/index.html or www.bea.gov/data/intl-trade-investment/international-trade-goods-and-services. The full schedule is available in the Census Bureau’s Economic Briefing Room at www.census.gov/economic-indicators/ or on BEA’s website at www.bea.gov/news/schedule.

    Next release: August 5, 2025, at 8:30 a.m. EDT
    U.S. International Trade in Goods and Services, June 2025

    Notice

    Update to BEA’s Annual International Services Tables

    BEA’s annual international services tables—BEA’s most detailed trade in services statistics by service type and geographic area—are scheduled for release at 10:00 a.m. on July 3, 2025, for statistics through 2024. With this release, BEA is introducing “Table 2.4. U.S. Trade in Services, Expanded Geographic Detail,” which presents total services exports, imports, and balance for 237 countries and areas, 147 more than the 90 presented in tables 2.2 and 2.3, beginning with statistics for 2018.

    If you have questions or need additional information, please contact BEA, Balance of Payments Division, at InternationalAccounts@bea.gov.

    MIL OSI USA News

  • MIL-OSI USA: U.S. International Trade in Goods and Services, May 2025

    Source: US Bureau of Economic Analysis

    The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $71.5 billion in May, up $11.3 billion from $60.3 billion in April, revised.

    U.S. International Trade in Goods and Services Deficit
    Deficit:

    $71.5 Billion

    +18.7%°

    Exports:

    $279.0 Billion

    –4.0%°

    Imports:

    $350.5 Billion

    –0.1%°

    Next release: Tuesday, August 5, 2025

    (°) Statistical significance is not applicable or not measurable. Data adjusted for seasonality but not price changes

    Source: U.S. Census Bureau, U.S. Bureau of Economic Analysis; U.S. International Trade in Goods and Services, July 3, 2025

    Exports, Imports, and Balance (exhibit 1)

    May exports were $279.0 billion, $11.6 billion less than April exports. May imports were $350.5 billion, $0.3 billion less than April imports.

    The May increase in the goods and services deficit reflected an increase in the goods deficit of $11.2 billion to $97.5 billion and a decrease in the services surplus of $0.1 billion to $26.0 billion.

    Year-to-date, the goods and services deficit increased $175.0 billion, or 50.4 percent, from the same period in 2024. Exports increased $73.6 billion or 5.5 percent. Imports increased $248.7 billion or 14.8 percent.

    Three-Month Moving Averages (exhibit 2)

    The average goods and services deficit decreased $16.8 billion to $90.0 billion for the three months ending in May.

    • Average exports increased $0.1 billion to $283.5 billion in May.
    • Average imports decreased $16.7 billion to $373.6 billion in May.

    Year-over-year, the average goods and services deficit increased $18.8 billion from the three months ending in May 2024.

    • Average exports increased $17.9 billion from May 2024.
    • Average imports increased $36.6 billion from May 2024.

    Exports (exhibits 3, 6, and 7)

    Exports of goods decreased $11.4 billion to $180.2 billion in May.

      Exports of goods on a Census basis decreased $10.8 billion.

    • Industrial supplies and materials decreased $10.0 billion.
      • Nonmonetary gold decreased $5.5 billion.
      • Natural gas decreased $1.1 billion.
      • Finished metal shapes decreased $1.0 billion.
    • Capital goods decreased $1.9 billion.
      • Semiconductors decreased $0.6 billion.
      • Civilian aircraft engines decreased $0.5 billion.
      • Telecommunications equipment decreased $0.4 billion.
      • Computer accessories increased $0.8 billion.
    • Consumer goods increased $1.5 billion.
      • Pharmaceutical preparations increased $1.1 billion.

      Net balance of payments adjustments decreased $0.6 billion.

    Exports of services decreased $0.2 billion to $98.8 billion in May.

    • Travel decreased $0.3 billion.
    • Transport decreased $0.2 billion.
    • Charges for the use of intellectual property increased $0.1 billion.
    • Other business services increased $0.1 billion.

    Imports (exhibits 4, 6, and 8)

    Imports of goods decreased $0.2 billion to $277.7 billion in May.

      Imports of goods on a Census basis decreased $0.3 billion.

    • Consumer goods decreased $4.0 billion.
      • Other textile apparel and household goods decreased $0.8 billion.
      • Toys, games, and sporting goods decreased $0.7 billion.
      • Pharmaceutical preparations increased $2.5 billion.
    • Industrial supplies and materials decreased $0.9 billion.
      • Finished metal shapes decreased $1.7 billion.
      • Nuclear fuel materials increased $0.6 billion.
    • Automotive vehicles, parts, and engines increased $3.4 billion.
      • Passenger cars increased $3.1 billion.
    • Other goods increased $1.0 billion.
    • Capital goods increased $0.3 billion.
      • Computers increased $4.4 billion.
      • Computer accessories decreased $2.8 billion.

      Net balance of payments adjustments increased $0.1 billion.

    Imports of services decreased $0.1 billion to $72.8 billion in May.

    • Transport decreased $0.4 billion.
    • Travel decreased $0.2 billion.
    • Other business services increased $0.1 billion.
    • Maintenance and repair services increased $0.1 billion.

    Real Goods in 2017 Dollars – Census Basis (exhibit 11)

    The real goods deficit increased $8.1 billion, or 9.6 percent, to $92.5 billion in May, compared to a 12.3 percent increase in the nominal deficit.

    • Real exports of goods decreased $8.2 billion, or 5.3 percent, to $148.3 billion, compared to a 5.7 percent decrease in nominal exports.
    • Real imports of goods decreased $0.1 billion, or 0.1 percent, to $240.8 billion, compared to a 0.1 percent decrease in nominal imports.

    Revisions

    Revisions to April exports

    • Exports of goods were revised up $1.1 billion.
    • Exports of services were revised up $0.1 billion.

    Revisions to April imports

    • Imports of goods were revised down less than $0.1 billion.
    • Imports of services were revised down $0.2 billion.

    Goods by Selected Countries and Areas: Monthly – Census Basis (exhibit 19)

    The May figures show surpluses, in billions of dollars, with Netherlands ($4.8), Hong Kong ($3.6), South and Central America ($3.3), Switzerland ($3.3), United Kingdom ($3.0), Australia ($1.5), Brazil ($0.5), Saudi Arabia ($0.5), Belgium ($0.4), Singapore ($0.3), and Israel ($0.1). Deficits were recorded, in billions of dollars, with European Union ($22.5), Mexico ($17.1), Vietnam ($14.9), China ($14.0), Ireland ($11.8), Taiwan ($11.5), Germany ($6.8), Japan ($5.8), South Korea ($5.4), India ($5.1), Canada ($2.8), Italy ($2.6), Malaysia ($2.4), and France ($0.5).

    • The deficit with Mexico increased $3.6 billion to $17.1 billion in May. Exports decreased $0.3 billion to $27.5 billion and imports increased $3.3 billion to $44.6 billion.
    • The deficit with Ireland increased $2.4 billion to $11.8 billion in May. Exports increased $0.2 billion to $1.6 billion and imports increased $2.5 billion to $13.4 billion.
    • The deficit with China decreased $5.7 billion to $14.0 billion in May. Exports decreased $1.7 billion to $6.9 billion and imports decreased $7.4 billion to $20.9 billion.

    All statistics referenced are seasonally adjusted; statistics are on a balance of payments basis unless otherwise specified. Additional statistics, including not seasonally adjusted statistics and details for goods on a Census basis, are available in exhibits 1-20b of this release. For information on data sources, definitions, and revision procedures, see the explanatory notes in this release. The full release can be found at www.census.gov/foreign-trade/Press-Release/current_press_release/index.html or www.bea.gov/data/intl-trade-investment/international-trade-goods-and-services. The full schedule is available in the Census Bureau’s Economic Briefing Room at www.census.gov/economic-indicators/ or on BEA’s website at www.bea.gov/news/schedule.

    Next release: August 5, 2025, at 8:30 a.m. EDT
    U.S. International Trade in Goods and Services, June 2025

    Notice

    Update to BEA’s Annual International Services Tables

    BEA’s annual international services tables—BEA’s most detailed trade in services statistics by service type and geographic area—are scheduled for release at 10:00 a.m. on July 3, 2025, for statistics through 2024. With this release, BEA is introducing “Table 2.4. U.S. Trade in Services, Expanded Geographic Detail,” which presents total services exports, imports, and balance for 237 countries and areas, 147 more than the 90 presented in tables 2.2 and 2.3, beginning with statistics for 2018.

    If you have questions or need additional information, please contact BEA, Balance of Payments Division, at InternationalAccounts@bea.gov.

    MIL OSI USA News

  • MIL-OSI: Brookfield Business Partners Announces Sale of Assets to Seed New Evergreen Private Equity Strategy

    Source: GlobeNewswire (MIL-OSI)

    • Transaction enables Brookfield Business Partners to monetize a partial interest in three businesses at a value accretive to the trading price of its units and shares

    • Provides new evergreen private equity strategy with an immediate, diversified portfolio

    • The Transaction was subject to a rigorous, independent review process which included a fairness opinion provided by an independent third-party financial advisor

    BROOKFIELD, NEWS, July 03, 2025 (GLOBE NEWSWIRE) — Brookfield Business Partners (NYSE: BBU, BBUC; TSX: BBU.UN, BBUC), today announced that it has reached an agreement to sell a portion of its interest in three businesses (the “Transaction”) to a new evergreen private equity strategy (the “New Fund”) targeting high-net-worth investors, managed by Brookfield Asset Management.

    Under the terms of the Transaction, Brookfield Business Partners will sell an approximate 12% interest in its engineered components manufacturing operation (“DexKo”), an approximate 7% interest in its dealer software and technology services operation (“CDK Global”) and an approximate 5% interest in its work access services operation (“BrandSafway”) to the New Fund.

    Brookfield Business Partners will receive units of the New Fund (the “Units”) with an initial redemption value of approximately $690 million, representing an aggregate 8.6% discount to the net asset value (“NAV”) of the interests sold. In the 18-month period following the initial closing of the New Fund, expected later this year, the Units are expected to be redeemed for cash at an 8.6% discount to NAV at the time of redemption. Any remaining Units still outstanding after this 18-month period will be redeemable at NAV.

    A joint independent committee comprising independent directors of Brookfield Business Partners retained an independent financial advisor and external legal counsel to assist with their review of the Transaction. The joint independent committee received a fairness opinion from their independent financial advisor, and following consultation with their advisors determined that the Transaction is fair and in the best interests of Brookfield Business Partners.

    Anuj Ranjan, CEO of Brookfield Business Partners said, “The Transaction provides a strong outcome for Brookfield Business Partners’ unitholders and shareholders and provides the new evergreen private equity strategy with an immediate diversified seed portfolio prior to its launch. The realization of these partial interests, at a value that is accretive to the trading price of our units and shares, enables Brookfield Business Partners to continue to accelerate the return of capital under current and future buyback programs, reinvest in the growth of its business and reduce corporate leverage.”

    The sale is expected to be completed on July 4, 2025.

    Independent Review Process

    The Transaction was reviewed by independent committees (the “Independent Committees”) formed by the boards of directors of the general partner of Brookfield Business Partners L.P. and of Brookfield Business Corporation (collectively, the “Boards”), which are comprised of independent directors. The Independent Committees retained Stikeman Elliott LLP as their external counsel and Origin Merchant Partners as their independent financial advisor to assist in their review of the Transaction.

    The Independent Committees received an opinion from Origin Merchant Partners that, subject to various assumptions, qualifications and limitations to be set forth in its opinion letter, the consideration to be received by Brookfield Business Partners L.P. and Brookfield Business Corporation pursuant to the Transaction is fair, from a financial point of view, to Brookfield Business Partners L.P. and Brookfield Business Corporation.

    After consultation with their independent financial and legal advisors, the Independent Committees unanimously determined that the Transaction is fair to and in the best interests of Brookfield Business Partners L.P. and Brookfield Business Corporation, and unanimously recommended to the Boards that Brookfield Business Partners L.P. and Brookfield Business Corporation approve the Transaction. The Boards have unanimously (excluding conflicted directors, who did not participate in deliberations) determined that the Transaction is in the best interests of Brookfield Business Partners L.P. and Brookfield Business Corporation and approved the Transaction.

    As the value of the Transaction is less than 25% of the consolidated market capitalization of Brookfield Business Partners L.P., the Transaction is exempt from the formal valuation and minority shareholder approval requirements under applicable securities laws.

    Brookfield Business Partners is a global business services and industrials company focused on owning and operating high-quality businesses that provide essential products and services and benefit from a strong competitive position. Investors have flexibility to invest in our company either through Brookfield Business Partners L.P. (NYSE: BBU; TSX: BBU.UN), a limited partnership or Brookfield Business Corporation (NYSE, TSX: BBUC), a corporation. For more information, please visit https://bbu.brookfield.com.

    Brookfield Business Partners is the flagship listed vehicle of Brookfield Asset Management’s Private Equity Group. Brookfield Asset Management is a leading global alternative asset manager with over $1 trillion of assets under management.

    For more information, please contact:

    Cautionary Statement Regarding Forward-looking Statements and Information

    Note: This news release contains “forward-looking information” within the meaning of Canadian provincial securities laws and “forward-looking statements” within the meaning of applicable Canadian and U.S. securities laws. Forward-looking statements include statements that are predictive in nature, depend upon or refer to future events or conditions, include statements with respect to the CDK Global, BrandSafway and DexKo businesses, their growth and leadership prospects and the Transaction described in this news release, including the expected redemption value of the Units, the timeline for redemption and the use of the proceeds therefrom, and include words such as “expects”, “anticipates”, “plans”, “believes”, “estimates”, “seeks”, “intends”, “targets”, “projects”, “forecasts”, “views”, “potential”, “likely” or negative versions thereof and other similar expressions, or future or conditional verbs such as “may”, “will”, “should”, “would” and “could”.

    Although we believe that such forward-looking statements are based upon reasonable assumptions and expectations, investors and other readers should not place undue reliance on forward-looking statements and information because they involve assumptions, known and unknown risks, uncertainties and other factors, many of which are beyond our control, which may cause the actual results, performance or achievements of Brookfield Business Partners, CDK Global, BrandSafway and/or DexKo to differ materially from anticipated future results, performance or achievements expressed or implied by such forward-looking statements and information. These beliefs, assumptions and expectations can change as a result of many possible events or factors, not all of which are known to us or are within our control. If a change occurs, our business, financial condition, liquidity and results of operations and our plans and strategies may vary materially from those expressed in the forward-looking statements and forward-looking information herein.

    Factors that could cause actual results to differ materially from those contemplated or implied by forward-looking statements include, but are not limited to, the following: the cyclical nature of our operating businesses and general economic conditions and risks relating to the economy, including unfavorable changes in interest rates, foreign exchange rates, inflation, commodity prices and volatility in the financial markets; the ability to complete and effectively integrate acquisitions into existing operations and the ability to attain expected benefits; business competition, including competition for acquisition opportunities; strategic actions including our ability to complete dispositions and achieve the anticipated benefits therefrom; global equity and capital markets and the availability of equity and debt financing and refinancing within these markets; changes to U.S. laws or policies, including changes in U.S. domestic and economic policies as well as foreign trade policies and tariffs; technological change; litigation; cybersecurity incidents; the possible impact of international conflicts, wars and related developments including terrorist acts and cyber terrorism; operational, or business risks that are specific to any of our business services operations, infrastructure services operations or industrials operations; changes in government policy and legislation; catastrophic events, such as earthquakes, hurricanes and pandemics/epidemics; changes in tax law and practice; and other risks and factors detailed from time to time in our documents filed with the securities regulators in Canada and the United States including those set forth in the “Risk Factors” section in our annual report for the year ended December 31, 2024 filed on Form 20-F.

    We caution that the foregoing list of important factors that may affect future results is not exhaustive. When relying on our forward-looking statements and information, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Except as required by law, we undertake no obligation to publicly update or revise any forward-looking statements or information, whether written or oral, that may be as a result of new information, future events or otherwise.

    The MIL Network

  • MIL-OSI: Form 8.3 – [MARLOWE PLC – 02 07 2025] – (CGWL)

    Source: GlobeNewswire (MIL-OSI)

    FORM 8.3

    PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY
    A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE
    Rule 8.3 of the Takeover Code (the “Code”)

    1.        KEY INFORMATION

    (a)   Full name of discloser: CANACCORD GENUITY WEALTH LIMITED (for Discretionary clients)
    (b)   Owner or controller of interests and short positions disclosed, if different from 1(a):
            The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.
    N/A
    (c)   Name of offeror/offeree in relation to whose relevant securities this form relates:
            Use a separate form for each offeror/offeree
    MARLOWE PLC
    (d)   If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree: N/A
    (e)   Date position held/dealing undertaken:
            For an opening position disclosure, state the latest practicable date prior to the disclosure
    02 JULY 2025
    (f)   In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?
            If it is a cash offer or possible cash offer, state “N/A”
    NO

    2.        POSITIONS OF THE PERSON MAKING THE DISCLOSURE

    If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

    (a)      Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

    Class of relevant security: 50p ORDINARY
      Interests Short positions
    Number % Number %
    (1)   Relevant securities owned and/or controlled: 3,063,056 3.9009    
    (2)   Cash-settled derivatives:        
    (3)   Stock-settled derivatives (including options) and agreements to purchase/sell:        
    TOTAL: 3,063,056 3.9009    

    All interests and all short positions should be disclosed.

    Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

    (b)      Rights to subscribe for new securities (including directors’ and other employee options)

    Class of relevant security in relation to which subscription right exists:  
    Details, including nature of the rights concerned and relevant percentages:  

    3.        DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

    Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

    The currency of all prices and other monetary amounts should be stated.

    (a)        Purchases and sales

    Class of relevant security Purchase/sale Number of securities Price per unit
    50p ORDINARY SALE 1,487 440p

    (b)        Cash-settled derivative transactions

    Class of relevant security Product description
    e.g. CFD
    Nature of dealing
    e.g. opening/closing a long/short position, increasing/reducing a long/short position
    Number of reference securities Price per unit
    NONE        

    (c)        Stock-settled derivative transactions (including options)

    (i)        Writing, selling, purchasing or varying

    Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Type
    e.g. American, European etc.
    Expiry date Option money paid/ received per unit
    NONE              

    (ii)        Exercise

    Class of relevant security Product description
    e.g. call option
    Exercising/ exercised against Number of securities Exercise price per unit

    (d)        Other dealings (including subscribing for new securities)

    Class of relevant security Nature of dealing
    e.g. subscription, conversion
    Details Price per unit (if applicable)
    NONE      

    4.        OTHER INFORMATION

    (a)        Indemnity and other dealing arrangements

    Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:
    Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state “none”

    NONE

    (b)        Agreements, arrangements or understandings relating to options or derivatives

    Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to:
    (i)   the voting rights of any relevant securities under any option; or
    (ii)   the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:
    If there are no such agreements, arrangements or understandings, state “none”

    NONE

    (c)        Attachments

    Is a Supplemental Form 8 (Open Positions) attached? NO
    Date of disclosure: 03 JULY 2025
    Contact name: MARK ELLIOTT
    Telephone number: 01253 376539

    Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

    The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.

    The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

    The MIL Network

  • MIL-OSI: Form 8.3 – Qualcomm Incorporated

    Source: GlobeNewswire (MIL-OSI)

    FORM 8.3

    PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY
    A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE
    Rule 8.3 of the Takeover Code (the “Code”)

    1.         KEY INFORMATION

    (a) Full name of discloser: Sculptor Capital LP and
    Sculptor Capital Management Europe Limited
    (b) Owner or controller of interests and short positions disclosed, if different from 1(a):
         The naming of nominee or vehicle companies is insufficient.  For a trust, the trustee(s), settlor and beneficiaries must be named.
     
    (c) Name of offeror/offeree in relation to whose relevant securities this form relates:
         Use a separate form for each offeror/offeree
    Qualcomm Incorporated
    (d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:  
    (e) Date position held/dealing undertaken:
         For an opening position disclosure, state the latest practicable date prior to the disclosure
    02 July 2025
    (f)  In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?
         If it is a cash offer or possible cash offer, state “N/A”
    Yes, Alphawave IP Group plc

    2.         POSITIONS OF THE PERSON MAKING THE DISCLOSURE

    If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

    (a)        Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

    Class of relevant security:

     

    1p ordinary (US7475251036)
     

     

    Interests Short positions
      Number % Number %
    (1) Relevant securities owned and/or controlled:     3,000 0.00
    (2) Cash-settled derivatives:

     

           
    (3) Stock-settled derivatives (including options) and agreements to purchase/sell:        
     

         TOTAL:

        3,000 0.00

    All interests and all short positions should be disclosed.

    Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

    (b)        Rights to subscribe for new securities (including directors’ and other employee options)

    Class of relevant security in relation to which subscription right exists:  
    Details, including nature of the rights concerned and relevant percentages:  

    3.         DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

    Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

    The currency of all prices and other monetary amounts should be stated.

    (a)        Purchases and sales

    Class of relevant security Purchase/sale

     

    Number of securities Price per unit
    1p ordinary (US7475251036) Sale 3,000 USD161.59

    (b)        Cash-settled derivative transactions

    Class of relevant security Product description
    e.g. CFD
    Nature of dealing
    e.g. opening/closing a long/short position, increasing/reducing a long/short position
    Number of reference securities Price per unit
             

    (c)        Stock-settled derivative transactions (including options)

    (i)         Writing, selling, purchasing or varying

    Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Type
    e.g. American, European etc.
    Expiry date Option money paid/ received per unit
                   

    (ii)        Exercise

    Class of relevant security Product description
    e.g. call option
    Exercising/ exercised against Number of securities Exercise price per unit
             

     

    (d)        Other dealings (including subscribing for new securities)

    Class of relevant security Nature of dealing
    e.g. subscription, conversion
    Details Price per unit (if applicable)
       

     

       

    4.         OTHER INFORMATION

    (a)        Indemnity and other dealing arrangements

    Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:
    Irrevocable commitments and letters of intent should not be included.  If there are no such agreements, arrangements or understandings, state “none”
     

     

     

    (b)        Agreements, arrangements or understandings relating to options or derivatives

    Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to:
    (i)  the voting rights of any relevant securities under any option; or
    (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:
    If there are no such agreements, arrangements or understandings, state “none”
     

     

     

    (c)        Attachments

    Is a Supplemental Form 8 (Open Positions) attached? NO

    Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

    The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.

    *If the discloser is a natural person, a telephone number does not need to be included, provided contact information has been provided to the Panel’s Market Surveillance Unit.

    The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

    The MIL Network

  • MIL-OSI: Form 8.3 – Qualcomm Incorporated

    Source: GlobeNewswire (MIL-OSI)

    FORM 8.3

    PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY
    A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE
    Rule 8.3 of the Takeover Code (the “Code”)

    1.         KEY INFORMATION

    (a) Full name of discloser: Sculptor Capital LP and
    Sculptor Capital Management Europe Limited
    (b) Owner or controller of interests and short positions disclosed, if different from 1(a):
         The naming of nominee or vehicle companies is insufficient.  For a trust, the trustee(s), settlor and beneficiaries must be named.
     
    (c) Name of offeror/offeree in relation to whose relevant securities this form relates:
         Use a separate form for each offeror/offeree
    Qualcomm Incorporated
    (d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:  
    (e) Date position held/dealing undertaken:
         For an opening position disclosure, state the latest practicable date prior to the disclosure
    02 July 2025
    (f)  In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?
         If it is a cash offer or possible cash offer, state “N/A”
    Yes, Alphawave IP Group plc

    2.         POSITIONS OF THE PERSON MAKING THE DISCLOSURE

    If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

    (a)        Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

    Class of relevant security:

     

    1p ordinary (US7475251036)
     

     

    Interests Short positions
      Number % Number %
    (1) Relevant securities owned and/or controlled:     3,000 0.00
    (2) Cash-settled derivatives:

     

           
    (3) Stock-settled derivatives (including options) and agreements to purchase/sell:        
     

         TOTAL:

        3,000 0.00

    All interests and all short positions should be disclosed.

    Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

    (b)        Rights to subscribe for new securities (including directors’ and other employee options)

    Class of relevant security in relation to which subscription right exists:  
    Details, including nature of the rights concerned and relevant percentages:  

    3.         DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

    Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

    The currency of all prices and other monetary amounts should be stated.

    (a)        Purchases and sales

    Class of relevant security Purchase/sale

     

    Number of securities Price per unit
    1p ordinary (US7475251036) Sale 3,000 USD161.59

    (b)        Cash-settled derivative transactions

    Class of relevant security Product description
    e.g. CFD
    Nature of dealing
    e.g. opening/closing a long/short position, increasing/reducing a long/short position
    Number of reference securities Price per unit
             

    (c)        Stock-settled derivative transactions (including options)

    (i)         Writing, selling, purchasing or varying

    Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Type
    e.g. American, European etc.
    Expiry date Option money paid/ received per unit
                   

    (ii)        Exercise

    Class of relevant security Product description
    e.g. call option
    Exercising/ exercised against Number of securities Exercise price per unit
             

     

    (d)        Other dealings (including subscribing for new securities)

    Class of relevant security Nature of dealing
    e.g. subscription, conversion
    Details Price per unit (if applicable)
       

     

       

    4.         OTHER INFORMATION

    (a)        Indemnity and other dealing arrangements

    Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:
    Irrevocable commitments and letters of intent should not be included.  If there are no such agreements, arrangements or understandings, state “none”
     

     

     

    (b)        Agreements, arrangements or understandings relating to options or derivatives

    Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to:
    (i)  the voting rights of any relevant securities under any option; or
    (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:
    If there are no such agreements, arrangements or understandings, state “none”
     

     

     

    (c)        Attachments

    Is a Supplemental Form 8 (Open Positions) attached? NO

    Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

    The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.

    *If the discloser is a natural person, a telephone number does not need to be included, provided contact information has been provided to the Panel’s Market Surveillance Unit.

    The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

    The MIL Network

  • MIL-OSI: AI Chip Market Set to Soar to US$ 229.08 Billion by 2032, Fueled by Robust 20.49% CAGR: AnalystView Market Insights

    Source: GlobeNewswire (MIL-OSI)

    San Francisco, USA, July 03, 2025 (GLOBE NEWSWIRE) — The Global AI Chip Market is undergoing a seismic transformation as artificial intelligence continues to redefine how businesses operate, devices interact, and societies function. With a projected market value of USD 229,083.24 million by 2032 and a robust compound annual growth rate (CAGR) of 20.49%, this sector stands at the intersection of deep tech and digital transformation.

    At the heart of this momentum is a growing demand for purpose-built processing units capable of handling the high complexity of AI workloads. Traditional CPUs, once the backbone of computing, are being outpaced by AI chips such as GPUs, ASICs, FPGAs, and NPUs—designed to deliver faster computation, lower latency, and greater energy efficiency. These chips are now indispensable across sectors—from autonomous driving and industrial automation to smart consumer devices and medical diagnostics. The market’s evolution is not just driven by technological necessity but also by strategic shifts. Governments and enterprises alike are pouring resources into building resilient AI infrastructure, with the AI chip serving as the core enabler of scalable, real-time intelligence. As AI moves from concept to implementation across industries, the demand for high-performance computing is accelerating, and so is the AI chip ecosystem.

    Get a Sample Report of AI chip market @ https://www.analystviewmarketinsights.com/request_sample/AV4081

    Technology at the Core: What Makes AI Chips Different?

    AI chips are not just faster processors—they are purpose-engineered to manage billions of computations per second across neural networks. These tasks include matrix multiplications, data vectorization, and parallel execution, which are essential for AI functions like deep learning, natural language processing (NLP), and computer vision.

    Unlike general-purpose CPUs, AI chips can execute these complex operations with higher efficiency, enabling near-instant responses in applications such as voice assistants, facial recognition, and real-time translation. For cloud computing platforms and edge devices, these chips provide the processing muscle required for AI algorithms to function seamlessly at scale.

     Key Drivers Behind Market Growth

    1. Industrial AI Integration
      Businesses across manufacturing, logistics, retail, and energy are rapidly incorporating AI for predictive analytics, process automation, and intelligent decision-making. AI chips empower these systems to function in real time, transforming operational agility and accuracy. Over 70% of businesses in manufacturing and logistics are adopting AI to enhance efficiency and decision-making.
    2. Surge in Edge AI Devices
      The demand for localized, low-latency AI processing is pushing AI chip deployment to the edge—embedded in mobile phones, drones, surveillance cameras, and autonomous vehicles. This shift to edge computing is minimizing reliance on cloud infrastructure and enabling real-time decision-making.
    3. Governmental Support and Funding
      Global investments in AI R&D and chip manufacturing are expanding at a record pace. For instance, the U.S. CHIPS Act and China’s “AI 2030” initiative are fueling domestic innovation. Europe, too, is actively funding AI research with an eye on digital sovereignty.
    4. AI-Powered Consumer Products
      From smart speakers to fitness trackers and home automation, AI chips are embedded in everyday consumer electronics. Their capability to support machine learning in real-time makes them vital for user personalization and seamless functionality.
    5. Data Center Expansion and Cloud AI
      Cloud service providers like AWS, Microsoft Azure, and Google Cloud are equipping their data centers with AI accelerators to meet surging demand for model training and inference workloads. AI chips are pivotal in reducing power consumption while improving performance in such environments.

    MARKET KEY PLAYERS:

    • Advanced Micro Devices
    • Amazon
    • General Vision
    • Google
    • Gyrfalcon Technology
    • Huawei Technologies
    • IBM
    • Infineon Technologies
    • Intel
    • Kneron
    • Microsoft
    • MYTHIC
    • Nvidia
    • NXP Semiconductors
    • Qualcomm Incorporated
    • Samsung Electronics
    • Toshiba
    • Wave Computing
    • Apple INC.
    • Others

    Market Challenges: Risks Alongside Opportunities

    Despite its bullish outlook, the AI chip market faces several critical challenges:

    • Security and Privacy Concerns: As AI becomes deeply integrated into critical systems, safeguarding data integrity and user privacy is more important than ever. Misuse or vulnerability in AI processing hardware can have serious implications.
    • Supply Chain Disruptions: Global chip shortages and reliance on a few key semiconductor foundries have exposed vulnerabilities in the supply chain. Geopolitical tensions further compound this risk.
    • High R&D and Manufacturing Costs: Developing next-gen AI chips demands significant capital and technical expertise. Startups may face high entry barriers due to the dominance of large corporations with established IP and fabrication capabilities.

    TABLE OF CONTENT

    1. AI Chip Market Overview
    1.1. Study Scope
    1.2. Market Estimation Years
    2. Executive Summary
    2.1. Market Snippet
    2.1.1. AI Chip Market Snippet by Product Type
    2.1.2. AI Chip Market Snippet by Technology
    2.1.3. AI Chip Market Snippet by Application
    2.1.4. AI Chip Market Snippet by Function
    2.1.5. AI Chip Market Snippet by End User
    2.1.6. AI Chip Market Snippet by Country
    2.1.7. AI Chip Market Snippet by Region
    2.2. Competitive Insights
    3. AI Chip Key Market Trends
    3.1. AI Chip Market Drivers
    3.1.1. Impact Analysis of Market Drivers
    3.2. AI Chip Market Restraints
    3.2.1. Impact Analysis of Market Restraints
    3.3. AI Chip Market Opportunities
    3.4. AI Chip Market Future Trends
    4. AI Chip Industry Study
    4.1. PEST Analysis
    4.2. Porter’s Five Forces Analysis
    4.3. Growth Prospect Mapping
    4.4. Regulatory Framework Analysis ….

    Regional Outlook: Asia-Pacific Leads the Way

    The Asia-Pacific region dominates the global AI chip market and is projected to maintain its lead throughout the forecast period. Countries like China, South Korea, Taiwan, and Japan are investing heavily in AI education, R&D, and semiconductor infrastructure. The region also benefits from a strong electronics manufacturing ecosystem and rising demand for AI-enabled consumer and industrial products.

    North America, home to major AI and semiconductor companies, remains a critical hub for innovation. The region sees significant investment in cloud data centers, autonomous driving, and AI-driven healthcare systems.

    Europe is focusing on building ethically aligned and sustainable AI ecosystems. With a strong emphasis on regulations and cross-border collaboration, the region is shaping a trustworthy AI framework—favorable for long-term growth.

    Competitive Landscape: Innovation Fuels Competition

    The AI chip market is fiercely competitive, marked by rapid innovation, M&A activity, and strategic partnerships. Key players include:

    • Nvidia: Leading the GPU segment, with powerful AI platforms like the A100 and H100 chips.
    • Intel: Diversifying through acquisitions and offering a mix of CPUs, FPGAs, and specialized AI processors.
    • AMD: Gaining momentum with powerful multi-core GPU architectures for AI workloads.
    • Google: Driving cloud AI performance through its custom Tensor Processing Units (TPUs).
    • Apple: Integrating neural engines directly into its mobile chips for on-device intelligence.
    • Startups: Firms like Kneron, MYTHIC, and Graphcore are disrupting the market with domain-specific AI accelerators.

    Companies are steadily shifting to hybrid infrastructures that blend cloud and edge computing, emphasizing energy-efficient, scalable architectures seamlessly integrated with AI software ecosystems.

    The industry presents a high-growth opportunity driven by surging demand for hybrid AI infrastructure. Investors should focus on companies innovating in energy-efficient AI chipsets optimized for edge-cloud synergy. Priority targets include firms with robust AI software stack partnerships and IP portfolios in low-power, high-performance chips—especially in sectors like automotive, industrial automation, and next-gen robotics.

    Browse More Reports from AnalystView Market Insights: 

    Textile Recycling Market

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    High-End Synthetic Suede Market

    Bispecific Antibodies Market

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    The MIL Network

  • MIL-OSI United Kingdom: Martyn Oliver’s speech at the Festival of Education

    Source: United Kingdom – Executive Government & Departments

    Speech

    Martyn Oliver’s speech at the Festival of Education

    Sir Martyn Oliver, Ofsted’s Chief Inspector, spoke at the 2025 Festival of Education.

    Optimism, inclusion and Ian Dury

    Good morning, everybody. I’m delighted to be here at the festival of education; to be here in the beautiful grounds of Wellington school; here in the sunshine.

    And that’s apt because I’m hoping in the time we have together this morning we can let a little sunshine in. We can talk a bit about optimism. I want us to think about why we do what we do as educators, as people who work in this field: in many cases, as people who have dedicated their working lives to improving the life chances and prospects of a younger generation.

    I thought I’d open my speech this morning with a cliché. And I thought I’d try and find out who coined that cliché and how far back it goes. But there is no clarity about who first said, ‘school days are the best days of your life’. So, as we all do, I asked AI for the answer – and I know a lot of the discussions over the next couple of days are going to be dominated by the march of AI.

    The AI summary told me that ‘the phrase doesn’t have a clear single origin or a specific person who first said it’. It went on: “one early reference comes from a 1910 song titled School Days by Will D. Cobb and Gus Edwards which includes the line school days, school days, dear old golden rule days. While not an exact match it captures the nostalgic view of school days as a cherished time.”

    So, no answer then.

    Like all cliches, this one has survived because it works – because it’s true, at least for many of us (though not all, and I’ll return to this later). It alludes to the idea of a more carefree time, of friendships built in the playground, of growing confidence, moments of satisfaction, of joy – reasons to be cheerful to quote Ian Dury. That’s why we say it.

    I’m starting with that cliché because I want to strike an optimistic note this morning – which is not always a natural position for people in our profession to adopt. Things are always tough in education; there are always challenges to overcome. There are new expectations put on all of us – and it’s not lost on me that you’re waiting to read about Ofsted’s revised inspection model in September. There’s never enough money to go around. Doing ‘more with less’ is another cliché – as old as it is tiresome – but still a reality that we need to accommodate.

    But even so, I still believe there are plenty of reasons to be cheerful and reasons to be optimistic. And those reasons are rooted in schools. These transformative institutions that have shaped lives for centuries and will, I hope, shape them for centuries to come.

    However hard bitten and cynical we may have become over the years, most of us can look back to our school days and agree that they were, at least some of the happiest days of our lives.

    Schooling shapes lives

    I want to talk a little bit about what school meant for me.

    I’ll do my best to do this without the aid of rose-tinted spectacles. I shan’t be skipping through the daisies of my mind as it were. There’s a lot that wasn’t great about my school days. The quality of teaching and the quality of the curriculum I was taught was not good enough – and I think that was something that an awful lot of schools in the 1970s and 80s had in common. Standards were not high, and aspiration was not always encouraged.

    But, as with many of us, I had stand-out, individual teachers – people who I really connected with and who helped shape my life. People like my art teacher, Mrs Scarsbrick – she had a wonderful skill for painting and drawing landscapes. I remember that watercolour paintings of trees was her particular talent, whilst I was already increasingly focusing on portraiture, which I later went on to study.

    Then Mr Senior, the English teacher who inspired me from the first lesson at the beginning of secondary school. That very first lesson in September started with a brand new, hardback book: Steinbeck’s Of Mice and Men. We spent the first 10 minutes being instructed on how to loosen the binding and prevent cracking the spine. I also remember being devastated when he took a secondment to the USA when I was in Year 4/5 (Year 10/11 now): I took GCSEs in their first year of use and can recall even now that some teachers were totally lost in the new specification – so losing my trusted English tutor at this crucial time was especially difficult.

    And there was Mr Ashton, the PE teacher who arranged for me to go training 3 lunchtimes a week – running the well-known, and often well-hated, cross-country course with his staff, as I was a budding cross-country runner. 

    Each of these experiences recall relationships. Relationships with teachers – teachers who went above and beyond, teachers who I placed trust in and who I knew had my best interests at heart. They didn’t just inspire in art, English and PE, they inspired my interest in education, in teaching itself.

    And school had another function for me. It was the place I built friendships.

    I was extremely ill from the age of 2 to 12 (the crucial years to get the best start in life) and whilst my school attendance was good, the powerful drug I was on had clear side effects for me which affected my concentration. The drug relied on sedation – ideal in helping me be well, but not at all good for educational purposes! 

    I undoubtedly would have had an EHCP had such things existed then. Instead, I had a few stand-out teachers who cared for me as an individual and I had an army of excellent friends. The benefit of living on a new housing estate meant that many families moved onto the estate at the same time and I had dozens of peers who lived on the same street, let alone the same estate, who I could rely upon to help me.

    Generational shifts

    A lot has changed over the years in our schools. The quality of education has most definitely changed for the better. There are lots of reasons for that – including better training and development for teachers – the greater professionalisation of the sector in general. And you would expect me to make an argument that the introduction of Ofsted 30-odd years ago had a real impact in improving consistency in education and driving improvements.

    But alongside rising standards, schools have also changed to fit the needs and expectations of each generation. They’ve evolved alongside society. They have adapted to new qualifications, crafted new curriculums, embraced new subjects. Perhaps more than anything else, schools have responded to the advance of new technology.

    In my school days technology in the classroom was generally limited to that moment when the teacher would wheel out the big telly to play us a video – hugely exciting at the time of course. (The debate then was Betamax or VHS, what’s the equivalent debate now? Is it perhaps, generative or predictive AI?)

    But as computers made their way into schools, there was a more profound change. And that became seismic when the computers were no longer confined to the corners of classrooms and moved into our pockets. Their influence is everywhere and drives the debates and disagreements over the place of technology in learning.

    Artificial intelligence

    Right now, that debate is focused on artificial intelligence. It dominates the discourse in the media, and at events like this one. It’s a big topic of conversation at Ofsted and within government more widely.

    We’ve recently published a piece of research commissioned by the DfE which looks at early AI adopters in education. The research found that AI is beginning to have real benefits in terms of staff workload – particularly in areas like lesson planning; and that leaders are clear that they are prioritising safe, ethical and responsible uses of AI. So no robot teachers yet!

    It seems that there is always a commentator keen to tell us how AI will either transform learning or destroy it; how it presents an existential challenge to the traditional approach to education that we’ve all grown up with.

    But I would mount a defence of the traditional approach. Right now, many children live much of their lives online. Socially, they are never ‘off’ and always in touch with their friends. And they increasingly receive life lessons from influencers or AI– generated summaries. I would argue that the place of learning, real learning, classroom learning – with human interactions – has never been more important.

    Young people are growing up in an increasingly curated world in which their favoured influencers or corporate algorithms can have a disproportionate impression on their views and opinions. It’s more important than ever that young people are able to lift their eyes from the screen and connect with their teachers, in person.

    They need broad, balanced, considered and above all challenging information to help them learn and to help them grow. Being an art teacher, it was never lost on me that drawing makes you look harder at the world around you, it greatly increases your attention. It seems to me that many technologies now do the exact opposite and actively seek to give short-term, instant gratification.

    Not far short of 4 hundred years ago, John Milton wrote that he couldn’t ‘praise a cloistered and fugitive virtue, unexercised and unbreathed, that never sallies out and sees her adversary.’ He was arguing in favour of freedom of speech – ironically one of the great supposed touchstones for today’s keyboard warriors. Except, of course, they generally mean freedom of speech only for those that agree with them. In fact, in Areopagitica, Milton highlights the idea that true virtue is developed through experience and engagement with challenges, not through avoidance or seclusion.

    In a way there’s something cloistered about living one’s life in a curated online environment. You may be able to find ‘the best that has been thought or said’ if you go looking for it. But who’s guiding you through it? Where’s the human connection? And of course, where’s the protection?

    Community, relationships and learning

    Schools have never just been places of learning. They were, and are places of safety, even refuge. Places of community and connection. Places of friendship and humanity. They are citadels of childhood: communities within communities looking after their own and helping children develop into well-rounded adults – capable of looking after others in turn.

    Human relationships lie at the heart of every school’s success. And I’ve said ‘schools’ today, as they are the great universal service. But of course, those relationships begin for many in nurseries and continue on into further or higher education. Human connection is what makes education tick. And that is particularly true for more vulnerable children – those who need a little more attention paid to their wellbeing, alongside their education.

    Of course, schools have statutory roles to play. Safeguarding is an absolutely fundamental part of what we look at on inspection. Its principles are described over nearly 200 pages of guidance in Keeping Children Safe in Education. Safeguarding is something that all of us involved in education prioritise perhaps above everything else – and it’s a human process, not paperwork. People working together to safeguard children. Nothing infuriates me more than glib commentary about schools falling short on inspection because of duff paperwork – or schools pulling the wool over inspectors’ eyes because their paperwork is on point.

    Any of us here who have worked in schools understand that safeguarding starts with relationships. Good teachers, good head teachers know their pupils. They know which children are having a tough time in their life. They know which children are experiencing vulnerability for one reason or another. Perhaps it’s part of their life story – they are a child in care, or a child with special educational needs, or a child growing up in poverty. But really great teachers understand too that children will experience short-term difficulties – because childhood is full of challenges. Well-being issues, mental health issues, family issues, financial issues. It’s the ebb and flow of growing up for so many children and the really great schools get that.

    When I was head teacher of a secondary school with 2,200 pupils, those personal relationships were clearly difficult, but I always made it my priority to support those who needed us most, no matter how busy I might be – and that always involved working with parents and carers, as well as the pupil. I also understood, from my own personal experience, that children form relationships with those they trust – their art, English or PE teacher, in my case.

    Schools provide a safe, protective environment. To continue with my ‘citadels of childhood’ metaphor: they have walls, and they have watchers on those walls. But it’s within the walls where lives are changed. Where sparks of interest are fanned into flames and children can discover talents, they weren’t aware of, and passions that take them by surprise. They are taught the knowledge and skills that they need for life – but also the subjects that bring them joy.

    Cynics sometimes decry the norms of education. Exams are ‘gradgrindian’ in their eyes, the 3 R’s are no longer preparing children for the ‘jobs of tomorrow’. And Ofsted are accused of being enforcers for this ‘out-of-date’, ‘joyless’ system – forcing schools to jump through these hoops.

    Well let me tell you how it looks from where I’m standing. For Ofsted, teaching a full, rich range of subjects isn’t just a nice to have, it’s fundamental to a great education. Music and art and sports aren’t add-ons to the core curriculum, they are some of the most important subjects to study, in terms of developing a child’s awareness of the world around them. And in a more macro sense, feeding into the cultural evolution of our country and pushing civilization on.

    It often surprises people when I say that I started out as an art teacher, in 1995. Art was my passion then and it’s still my passion now. When I have the time I love to paint. I find that it forces me to slow down and deeply observe the world around me. But I too feel that temptation to pick up my smartphone and check my emails far too often, breaking the observational trance-like state. I can only imagine how difficult and tempting this is for children.

    Opening doors

    Of course, learning about art means learning about perspective.

    That’s a good thing in the context of mental health and well-being – such hot topics, sadly, at the moment. But if you think about the influence of art on human history – its central role in the Renaissance, or the influence of perspective on the Age of Discovery – art has been a driver of exploration, of invention and pushing back the frontiers of human knowledge.

    It is also no surprise to an art historian that there is expression in breaking the established rules – that’s the essence of original creativity. So 500 years after the rules of perspective were established, the Cubists proved this point. Life evolves as we move with the times. Another favourite quote of mine is from Lampedusa’s, Il Gattopardo, “if we want things to stay as they are, things will have to change”. It’s quite a common refrain that children should be taught ‘creativity’ – but creativity relies upon a deep understanding of knowledge and facts; it comes from pushing at the limits of knowledge, and first you need to be taught where those limits are.

    Every subject we teach our children opens doors for them. So, the rounded classroom experience: a broad and rich curriculum, structured carefully by expert teachers and taught within a safe and welcoming environment, is fundamental to the intellectual growth of individuals and the development of society. Matthew Arnold’s quote still holds. ‘The best that has been thought and said’ still matters. And while an AI-enabled search engine can find the raw material, I wouldn’t want to entrust the teaching to the same machine – at least not without the art and skill of the teacher as a guide and storyteller.

    The classroom experience is based on human relationships and a sense of belonging. I spoke about the first priority for schools being the safety of children. Well, children feel safe when they know somebody cares. When they know that their teachers will show up and keep showing up day after day to make sure they’ve learned what they were taught yesterday and are ready to learn something new today. We can’t outsource human contact. Teachers are, and must always remain, the heart of education.

    And education is an exercise of the heart as much as it is of the head. It’s about support and care, as well as instruction. They go hand in hand. Which brings me on to inclusion.

    Inclusion

    As you’ll all be aware Ofsted will publish the full details of our revised education inspection framework in early September. We’re taking time to analyse and consider all of the feedback we were given in the public consultation this spring. There will be some changes from the proposals we published back in February. But I don’t think I’m jumping the gun to say that inclusion will remain a central tenet – perhaps the central tenet in our new approach.

    And I hope the reason for that is obvious. It’s my north star. Inclusion is both my guiding principle and the fire in my belly. That was true as a teacher, as a head of sixth form, as a head teacher, as a multi-academy trust leader. It’s true now for me as His Majesty’s Chief Inspector.

    Those of you who have spent far more time than is healthy listening to or reading about the things that I’ve said since taking on the job, will have heard me talk about vulnerable and disadvantaged children. Asserting repeatedly that if schools get it right for the most vulnerable and disadvantaged among their pupils, they will get it right for all of their pupils.

    I use that phrase time and time again because I happen to believe that it’s true. And I have been challenged on my assertion now and then. But I have never seen or heard of a school that looks after the interests of disadvantaged and vulnerable children perfectly well but lets down those pupils who aren’t grappling with some of life’s more obvious challenges.

    That’s because those schools get it. They know their children and they understand that the secret of success lies in the relationships that bind the school community together.

    A school that truly understands the needs of its pupils will do right by its most vulnerable children, by its most gifted students and by all those children in-between.

    As always when we at Ofsted talk about a concept – like inclusion – it sparks debate and it energises the commentators and consultants to try and unpick what we mean.

    It’s really about relationships. It’s about belonging and thriving. It doesn’t mean being soft on behaviour or attendance. It doesn’t mean taking a dim view of head teachers who find the need to suspend or exclude a child, either in the pupil’s best interests or the interests of their classmates.

    When we talk about schools as places where children can feel safe, to grow, develop and express themselves we mustn’t forget how stabilising it is to understand the rules and to know they will be applied consistently and fairly. In the words of that 1910 song again: “School days – dear old golden rule days.”

    No – inclusion is about making sure that all pupils feel that they belong – no matter their personal talents or aptitudes, or the barriers and obstacles they need to overcome to feel that sense of belonging.

    And it is about putting disadvantaged and vulnerable children at the heart of what you do – as they will be at the heart of what we do as an inspectorate.

    And just as the term ‘inclusion’ can be a little hard to pin down, it’s also not easy to define what we mean by vulnerable. I think we all instinctively have a better understanding of disadvantage. There are clearer definitions. I’m sure everybody here who works in a school will be aware of how many of their children attract pupil premium for example. I’m sure many of you could reel off names.

    The concept of vulnerability is a little looser. Statutory responsibilities point us to formal designations: children with SEND, children who are looked after by the state. It’s absolutely right that we all maintain a laser-like focus on those children. But what about others who are experiencing vulnerability?

    I recently met with groups of young carers. Listening to their experiences and perspectives was both interesting and humbling. They feel a bit forgotten. All too often they are not included in our headline definitions of vulnerable children. And yet they are vulnerable. They don’t have the care structures that so many of us took for granted during our own childhoods. Instead, they themselves are the care structures for the adults in their lives. That has a huge impact on the way they view themselves, the way they view their potential and the way they think about their future.

    This week we published a piece of work that we commissioned from the National Children’s Bureau. We asked the NCB to consider how we might better define vulnerability in the context of our work.

    Their report is entitled ‘from trait to state’ and the definition of vulnerability that it puts forward leans into the idea that children move into and out of various degrees of vulnerability throughout their childhood.

    This describes vulnerability less as an immutable trait and more of a fluid state. It’s an interesting, and a logical concept, speaking to the importance of relationships that I’ve addressed in my comments today. Of course, it doesn’t detract from the responsibility that we all have to the children with SEND, those in care and children supported through pupil premium funding.

    But I think this definition gives us more latitude to think about how life impacts on the well-being of children in different ways, at different times. And how we best address vulnerability within the safe and nurturing communities that we create.

    I remember a particularly vulnerable cohort of SEND students who my SENDCO was desperately worried about leaving school at 16. So, she worked with their families and offered a uniquely bespoke post-16 course which gave this group the time and support that they needed to prepare for the transition to further education and employment. My wonderful SENDCO knew the children and worked to influence the entire school’s post-16 provision to meet their needs…it wasn’t a case of insisting that those children meet the needs of the school!

    Aspiration and optimism

    Education should be aspirational. And it should be aspirational for every child. Not everyone can ace their exams and get into Oxbridge. Not everyone will want to. Not everyone will turn a passion for music into a career as a concert pianist. But everyone can aim to learn a little more, develop a new skill and improve themselves one step at a time.

    That is as true for children with SEND as it is for those without; it’s as true for the poorest children as it is for the wealthiest. That’s not to deny the existence of barriers, but rather to flag a determination to overcome them.

    And if we are aspirational for all children, it stands to reason that we should be aspirational for all schools. I nodded earlier to the influence of Ofsted over the last 3 decades. I do believe that inspection helps schools look at where and how they can improve. It doesn’t make the improvement happen – that’s down to brilliant teachers and brilliant leaders working within their school community. But done right inspection can provide some pointers in the right direction.

    I’ve repeatedly said that I want inspection to feel done with not done to. That’s not just a nice touchy-feely sentiment. I want inspection to mirror what goes on in the places we inspect. Education at its best is done with, not done to. The best schools – the citadels of childhood – are places of belonging, rooted in human relationships and a sense of shared endeavour. They are optimistic places.

    Optimism isn’t easy. Particularly at our age…and especially if we read the papers!

    But children are optimistic. It’s a natural state of mind when you’re young, with your life stretching ahead of you, enjoying the best years of your life.

    It’s so much easier to be pessimistic and cynical as you get older. Because they are learned behaviours. But they should never be taught ones.

    That’s on all of us.

    Thank you for all you do for children and learners – and thank you for listening.

    Updates to this page

    Published 3 July 2025

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Draft Island Transport Plan set to be discussed 3 July 2025 Draft Island Transport Plan set to be discussed

    Source: Aisle of Wight

    A new long-term transport strategy for the Isle of Wight is set to be discussed by councillors at County Hall next week.

    The draft Island Transport Plan (ITP), which outlines the Island’s transport priorities from 2025 to 2040, will be considered by the Isle of Wight Council’s Economy, Regeneration, Transport, and Infrastructure Committee.

    The plan is part of a national requirement for Local Transport Authorities to have a Local Transport Plan in place.

    The ITP sets out a vision for a transport network that supports economic growth, reduces environmental impact, and improves access and safety for residents and visitors.

    It includes objectives such as supporting local economic growth, improving air quality and travel efficiency, and making transport more inclusive and affordable.

    The plan also highlights the importance of adapting to climate change and supporting healthier communities through safer and more sustainable travel options.

    Among the proposals are improvements to rural bus shelters, simplified ticketing across different modes of transport, and the rollout of real-time information across the network.

    The plan also supports enhancements at ferry terminals and the expansion of electric vehicle charging infrastructure.

    The council has already secured £13.6 million in Levelling Up funding for walking, cycling, and public transport improvements, and £2.1 million from the Department for Transport’s Safer Roads Fund for the A3056 between Newport and Lake.

    Public consultation on the draft plan is expected to begin in September, with events planned across the Island to gather feedback.

    The final version of the plan is due to be published in early 2026, following consideration of public responses, and will be submitted to the Department for Transport for approval.

    The committee will meet at 5pm on Thursday, July 10. Members of the public are welcome to attend in person or follow the meeting live online.

    MIL OSI United Kingdom

  • MIL-OSI Russia: “Steel Camels” are gaining momentum on the Eurasian Continent

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian –

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

    BEIJING, July 3 (Xinhua) — The Silk Road served as a channel for trade and economic interaction between the East and West, and currently China-Europe freight trains provide uninterrupted freight traffic on the Eurasian continent.

    On June 10 this year, China-Europe freight train 75052 departed from Jiaozhou Station in Qingdao City, Shandong Province, East China.

    Thus, the total number of China-Europe freight train departures has exceeded 110,000, and the value of the cargo they transported has exceeded 450 billion US dollars. For 61 consecutive months, the monthly number of trips has consistently exceeded a thousand.

    If two thousand years ago camel caravans paved the Silk Road, today the “steel dragon” rushes along the golden transport corridor Asia-Europe, demonstrating the dynamics of openness. China-Europe freight trains are becoming a stable driver of high-quality development.

    INCREASING INTENSITY

    Between 2016 and 2024, the annual number of China-Europe freight train departures increased from 1,702 to 19,000, and the value of goods carried increased from an average of US$8 billion to US$66.4 billion.

    Three established route lines, namely western, central and eastern, already pass through China. China-Europe train services have been launched in 128 cities in China, and the number of regular routes on a fixed schedule, which start from the coastal ports of Dalian, Tianjin, Qingdao, Lianyungang and other harbors, has reached 28.

    Outside China, the diversified development of this transport channel is facilitated by the countries located along its routes. In particular, trains reach 229 cities in 26 European countries and more than 100 cities in 11 Asian countries.

    In the western direction, new routes were opened in the framework of international rail-sea combined transportation through the Baltic, Caspian and Black Seas. In the eastern direction, uninterrupted connections were ensured with the new international land-sea trade corridor, the golden waterway of the Yangtze River and seaports, which created new transport corridors in the framework of multimodal rail-sea transportation between East Asia, Southeast Asia and Europe.

    INCREASING EFFICIENCY

    Freight train 75052, which departed on June 10, carried LCD displays, refrigerators and other household appliances. Over the past 10 years, there has been an evolution of product names: from clothing and footwear to the “new three” (electric vehicles, lithium batteries, solar panels), household appliances and high-tech equipment.

    The growing diversity and cost of cargo require increased transportation efficiency. In recent years, given the specifics of transportation organization, the maximum number of cars in one China-Europe train running at 120 km/h has been increased to 55, and the maximum gross train weight to 3,000 tons. Close cooperation with customs authorities has made it possible to optimize the accelerated customs clearance scheme for trains, reducing customs clearance time from half a day to less than 30 minutes, with the fastest clearance taking only a few minutes.

    China Railway Container Transport (CRCT) has set up subsidiaries in Kazakhstan, Germany and other countries, deepening cooperation with local railway authorities and logistics companies to develop bilateral cargo flows.

    DEEPENING INTEGRATION

    Thanks to the new logistics corridors opened by China-Europe freight trains for the interior regions of Asia and Europe, the countries along the route are actively integrating into the open world economy. Spanish wine, Dutch cheese, Thai durian, Laotian bananas have become everyday goods for the Chinese. Electronics, electric cars and everyday goods from China reach Europe faster and at more attractive prices.

    The rise of industry and the development of China-Europe freight trains go hand in hand. For example, the Ereenhot checkpoint in the Inner Mongolia Autonomous Region is currently accelerating the transformation of a transit economy into an industrial economy. It has formed a cross-border logistics network that attracts industrial clusters in the production of auto parts, woodworking, etc.

    “China-Europe freight trains with high efficiency, stability and environmental friendliness are changing the architecture of regional economies,” said Li Tiegan, a professor at Shandong University.

    The ‘steel camels’ demonstrate China’s commitment to building an open global economy and promoting common prosperity. -0-

    MIL OSI Russia News

  • MIL-OSI: MEXC Ventures Champions India Blockchain Tour 2025, Ignites Web3 Innovation Across 8 Cities

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, July 03, 2025 (GLOBE NEWSWIRE) — MEXC Ventures, the investment arm of the global cryptocurrency exchange MEXC, as the title sponsor of the 4th edition India Blockchain Tour (IBT) 2025, has partnered with organizer Octaloop (one of India’s earliest and most active crypto-native communities) to launch a six-month Web3 innovation roadshow spanning eight cities. The tour’s inaugural event took place successfully on June 28 in Hyderabad, drawing over 1,000 developers, founders, investors, and policy experts to engage in discussions focused on real-world applications of blockchain technology in governance, AI, and inclusive finance.

    As a key supporter of this tour, MEXC Ventures is committed to collaborating with industry stakeholders to accelerate the growth of India’s Web3 ecosystem.

    At the Hyderabad stop, Jayesh Ranjan, Special Chief Secretary of Telangana, attended the event and shared the government’s open attitude and policy direction toward blockchain technology, citing its applications in agriculture traceability and vehicle registration. He noted that platforms like IBT create valuable opportunities for collaboration between public systems and emerging technologies, further highlighting the importance that Indian local governments place on decentralized technologies.

    IBT 2025 is not just an eight-city tour, but a platform dedicated to building deep connections between India’s local Web3 innovators and the global Web3 community, fostering substantive exchanges and long-term collaboration. MEXC Ventures will leverage its global investment and project incubation expertise at each stop to empower high-potential teams to accelerate their growth.

    Octaloop Founder Anupam Varshney emphasized that India is poised to lead Web3 innovation on the global stage. He stated:

    “India doesn’t need to catch up – it’s ready to lead.IBT 2025 will amplify India’s Web3 voice, connect global projects with local innovators, and showcase our rapidly growing ecosystem to the world.”

    MEXC Ventures expressed strong confidence in India’s Web3 ecosystem. Petra Zhu, Head of South Asia Markets, stated:

    “We’re proud to kick off IBT 2025 in Hyderabad with MEXC Ventures as the title sponsor. India stands at the forefront of South Asia’s Web3 momentum, and MEXC Ventures is fully committed to supporting its long-term development.”

    She added:

    “We are actively looking to identify and empower the next generation of standout projects from India—visionary teams building real impact. We believe this region has the potential to shape the next wave of global crypto innovation, and MEXC Ventures is here to help turn that potential into reality.”

    The tour will next cover seven additional major innovation hubs across India, including Ahmedabad (July 26), Kolkata (August 16), and more. For the full schedule and participation details, please visit here.

    About Octaloop
    Founded in 2020, Octaloop began as grassroots crypto meet-ups in Delhi cafés in 2026 and has grown into India’s leading Web3 events and community-building platform. With initiatives like the India Blockchain Tour and Metamorphosis, Octaloop bridges global blockchain innovation with India’s home-grown talent.

    About MEXC Ventures
    MEXC Ventures is a comprehensive fund under MEXC dedicated to driving innovation in the cryptocurrency sector through investments in L1/L2 ecosystems, strategic investments, M&A and incubation. Upholding the principle of “Empowering Growth Through Synergy,” MEXC Ventures is committed to supporting innovative ideas and active builders in crypto. MEXC Ventures is an investor and supporter of TON and Aptos, looking forward to staying at the forefront of TON and Aptos’ innovations and actively engaging with builders to drive ecosystem growth.

    For more information, visit: MEXC Ventures Website

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6a190510-7a13-429e-80b7-6ac21c1153ab

    CONTACT: For media inquiries, please contact MEXC PR team: media@mexc.com

    The MIL Network

  • MIL-OSI: MEXC Ventures Champions India Blockchain Tour 2025, Ignites Web3 Innovation Across 8 Cities

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, July 03, 2025 (GLOBE NEWSWIRE) — MEXC Ventures, the investment arm of the global cryptocurrency exchange MEXC, as the title sponsor of the 4th edition India Blockchain Tour (IBT) 2025, has partnered with organizer Octaloop (one of India’s earliest and most active crypto-native communities) to launch a six-month Web3 innovation roadshow spanning eight cities. The tour’s inaugural event took place successfully on June 28 in Hyderabad, drawing over 1,000 developers, founders, investors, and policy experts to engage in discussions focused on real-world applications of blockchain technology in governance, AI, and inclusive finance.

    As a key supporter of this tour, MEXC Ventures is committed to collaborating with industry stakeholders to accelerate the growth of India’s Web3 ecosystem.

    At the Hyderabad stop, Jayesh Ranjan, Special Chief Secretary of Telangana, attended the event and shared the government’s open attitude and policy direction toward blockchain technology, citing its applications in agriculture traceability and vehicle registration. He noted that platforms like IBT create valuable opportunities for collaboration between public systems and emerging technologies, further highlighting the importance that Indian local governments place on decentralized technologies.

    IBT 2025 is not just an eight-city tour, but a platform dedicated to building deep connections between India’s local Web3 innovators and the global Web3 community, fostering substantive exchanges and long-term collaboration. MEXC Ventures will leverage its global investment and project incubation expertise at each stop to empower high-potential teams to accelerate their growth.

    Octaloop Founder Anupam Varshney emphasized that India is poised to lead Web3 innovation on the global stage. He stated:

    “India doesn’t need to catch up – it’s ready to lead.IBT 2025 will amplify India’s Web3 voice, connect global projects with local innovators, and showcase our rapidly growing ecosystem to the world.”

    MEXC Ventures expressed strong confidence in India’s Web3 ecosystem. Petra Zhu, Head of South Asia Markets, stated:

    “We’re proud to kick off IBT 2025 in Hyderabad with MEXC Ventures as the title sponsor. India stands at the forefront of South Asia’s Web3 momentum, and MEXC Ventures is fully committed to supporting its long-term development.”

    She added:

    “We are actively looking to identify and empower the next generation of standout projects from India—visionary teams building real impact. We believe this region has the potential to shape the next wave of global crypto innovation, and MEXC Ventures is here to help turn that potential into reality.”

    The tour will next cover seven additional major innovation hubs across India, including Ahmedabad (July 26), Kolkata (August 16), and more. For the full schedule and participation details, please visit here.

    About Octaloop
    Founded in 2020, Octaloop began as grassroots crypto meet-ups in Delhi cafés in 2026 and has grown into India’s leading Web3 events and community-building platform. With initiatives like the India Blockchain Tour and Metamorphosis, Octaloop bridges global blockchain innovation with India’s home-grown talent.

    About MEXC Ventures
    MEXC Ventures is a comprehensive fund under MEXC dedicated to driving innovation in the cryptocurrency sector through investments in L1/L2 ecosystems, strategic investments, M&A and incubation. Upholding the principle of “Empowering Growth Through Synergy,” MEXC Ventures is committed to supporting innovative ideas and active builders in crypto. MEXC Ventures is an investor and supporter of TON and Aptos, looking forward to staying at the forefront of TON and Aptos’ innovations and actively engaging with builders to drive ecosystem growth.

    For more information, visit: MEXC Ventures Website

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6a190510-7a13-429e-80b7-6ac21c1153ab

    CONTACT: For media inquiries, please contact MEXC PR team: media@mexc.com

    The MIL Network

  • MIL-OSI United Kingdom: Pedestrian hit by train at Blue House Lane footpath crossing

    Source: United Kingdom – Executive Government & Departments

    News story

    Pedestrian hit by train at Blue House Lane footpath crossing

    Preliminary examination into a pedestrian being hit by a train at Blue House Lane footpath crossing, Sunderland, 18 April 2025.

    Blue House Lane footpath crossing.

    At around 09:00 on 18 April 2025, a Tyne & Wear Metro service travelling from Newcastle to South Hylton hit a pedestrian on Blue House Lane footpath crossing. This crossing is located near East Boldon, Sunderland.

    As the driver approached the footpath crossing, they saw a dog walker and another pedestrian on the crossing. The driver immediately applied the emergency brake and sounded the train’s warning horn, but the second pedestrian was hit by the train. This second pedestrian received serious injuries. The train was travelling at an approximate speed of 29 km/h (18 mph) when the collision occurred, and it came to a stand around 20 metres beyond the crossing.

    RAIB were notified of the accident soon after it occurred. We have since gathered evidence from the railway industry and carried out a preliminary examination into the circumstances surrounding the incident. We have concluded it is unlikely that further investigation will lead to new recommendations for the improvement of railway safety. Consequently, RAIB will not investigate further or produce an investigation report.

    However, our preliminary examination found that the factors present during the accident at Blue House Lane are similar to those identified during RAIB’s earlier investigation into a pedestrian struck by a train at Lady Howard footpath and bridleway crossing on 21 April 2022 (RAIB report 01/2023). At both locations, a risk was identified that trains passing each other near to the crossing might mean that pedestrian crossing users are unaware of the approach of a second train.

    Recommendation 1 in our report into the accident at Lady Howard had the intention ‘to reduce the risk at footpath and bridleway level crossings of a second train approaching being hidden from the view of crossing users by a previously passing train’. The status of the recommendation, as reported to RAIB by the Office of Rail and Road (ORR) in March 2024, is ‘Closed’.

    ORR reported in its response to RAIB that Network Rail had taken substantive actions in response to this recommendation. This took the form of a sign being fitted to all level crossings (with two lines or more) as an interim solution which warned users that ‘oncoming trains can be hidden by other trains’ and for users ‘not to cross until all lines are clear’. RAIB’s preliminary examination found that this sign was fitted to the entrance gates at Blue House Lane footpath crossing.

    ORR also reported that Network Rail’s long-term intent was to fit miniature stop lights through normal risk management protocols, where they are demonstrated to manage risk so far as is reasonably practicable. However, Network Rail has stated that, while the likelihood of an event where a second train approaching is potentially hidden by another train can be influenced by factors such as the numbers of user and trains, and that other factors, such as topography and the type of crossing user, mean that it is too complex in practice to identify those crossings which have the highest risk of this occurring.

    RAIB’s Annual Report for 2024 stated that, despite the actions taken by Network Rail in response to this recommendation, RAIB remains concerned about the underlying risk which this recommendation sought to address.

    RAIB has written to the Office of Rail and Road, to draw its attention to the accident at Blue House Lane when considering the industry’s current and future management of this known risk, specifically considering its response to the Lady Howard report recommendation.

    We have copied this letter to Network Rail, Nexus and the Rail Safety and Standards Board so that they are aware of its contents.

    Updates to this page

    Published 3 July 2025

    MIL OSI United Kingdom

  • MIL-OSI Submissions: UK may be on verge of triggering a ‘positive tipping point’ for tackling climate change

    Source: The Conversation – UK – By Kai Greenlees, PhD Candidate, Sustainable Futures, University of Exeter

    Nrqemi/Shutterstock

    The UK is now more than halfway (50.4%) to achieving a net zero carbon economy, which means it has reduced its national emissions significantly compared to 1990.

    We should even celebrate that 0.4%. Why? Because every tonne of carbon saved from the atmosphere and every fraction of a degree celsius of warming avoided saves lives and leaves more life-sustaining ecosystems intact for our children and grandchildren.

    It also reduces the risk of triggering irreversible, devastating tipping points in the Earth system. We absolutely do not want to go there. Though, it may already be too late to save 90% of warm-water coral reefs, on which hundreds of millions of people depend for food and protection from storms.

    Luckily, tipping points can also work in our favour. Researchers like us call them positive tipping points, which kickstart irreversible, self-propelling change towards a more sustainable future.


    Get your news from actual experts, straight to your inbox. Sign up to our daily newsletter to receive all The Conversation UK’s latest coverage of news and research, from politics and business to the arts and sciences.


    Solar energy has already crossed a tipping point, having become the cheapest source of power in most of the world. Because it is quick to deploy widely and in a variety of formats and settings, solar is expanding exponentially, including to the roughly 700 million people who don’t have electricity.

    Electric vehicle sales have also crossed tipping points in China and several European markets, as evidenced by the abrupt acceleration of their shares in national vehicle fleets. The more people buy them, the cheaper and better they get, which makes even more people buy them – a self-propelling change towards a low-carbon road transport system.

    Recent findings from the Climate Change Committee, independent advisers to the UK government on climate policy, show that the UK too may be on the cusp of a positive tipping point for electric vehicles (EVs), but that further work is needed to reach a tipping point for heat pumps.

    EV sales are racing ahead

    According to the CCC, more than half of the UK’s success in decarbonising its economy since 2008 can be attributed to the energy sector. Here, the transition from electricity generated by coal to gas and, increasingly, renewable sources like solar and wind, has occurred “behind the scenes”, without much disruption to daily life.

    However, over 80% of the greenhouse gas emission cuts needed between now and 2030 (the UK aims to reduce emissions by 68% by 2030) need to come from other sectors that require the involvement and support of the public and businesses.

    The adoption of low-carbon technologies by households, including the buying of EVs and installing of heat pumps, is a critical next step to determining the success or failure of the UK’s ability to achieve net zero. Cars account for about 15% of the UK’s emissions and home heating a further 18%.

    Encouragingly, and despite concerted misinformation campaigns to discredit EVs, sales in the UK accounted for 19.6% of all new cars in 2024, which puts this sector close to the critical 20-25% range for triggering the phase of self-propelling adoption, according to positive tipping points theory.

    This rise in EV sales is happening for two main reasons. First, the UK has a rule that bans the sale of new petrol and diesel cars from 2035, which gives carmakers and buyers a clear deadline to switch.

    Second, they are becoming a better choice all round. They’re getting cheaper (some are expected to cost the same as petrol cars between 2026 and 2028), more appealing (with longer ranges and faster charging), and easier to use (thanks to more charging points and better infrastructure).

    If this positive trend continues, emissions saved by EV adoption will be sufficient to achieve the UK road transport sector’s 2030 emissions target.

    Where is the heat pump tipping point?

    Heat pumps have been slower on the uptake in the UK, leading the CCC to identify their deployment as one of the biggest risks to achieving the 2030 emissions target.

    Heat pumps use electricity to pump warmth from outside into a home (like a reverse refrigerator) and can be between three and five times more efficient than gas boilers, with approximate emissions savings of 70%.

    The UK government has set a target of installing 600,000 heat pumps a year by 2028. But despite 90% of British homes being suitable for a heat pump, only 1% have one.

    There are signs that installations are picking up pace, however. In 2024, 98,000 heat pumps were installed – an increase of 56% from 2023. Deployment will need to be increased more than six times its current rate over the next three years to reach the installation target. In other words, we urgently need to trigger a positive tipping point in this sector.

    The triggering of self-propelling change depends on the relative strength of feedbacks that either resist change (damping or negative feedback) or drive it forward (positive feedback).

    One important negative feedback highlighted by the CCC is the UK’s high electricity-to-gas price ratio, which increases the running costs of a heat pump on top of the high upfront cost of buying and installing one. Addressing this issue has been at the top of the CCC’s policy recommendations for the last two years.

    One positive feedback that needs to be strengthened is the perception among installers of household demand for heat pumps. When installers perceive demand, they are more likely to invest in the training and certifications needed to meet it.

    Two ways the CCC suggests the government could encourage installer confidence are to extend the boiler upgrade scheme (which provides grants to households to install heat pumps) and clean heat mechanism (which obliges manufacturers and installers to prioritise heat pumps) and to reinstate the 2035 phase-out rule for new fossil fuel boilers.

    An understanding of positive tipping points helps us identify key leverage points where intervention can be most effective in tackling the remaining half of the UK’s emissions. When implemented as part of a coherent national strategy, positive change can be accomplished at the pace and scale required. There is no time to lose.


    Don’t have time to read about climate change as much as you’d like?

    Get a weekly roundup in your inbox instead. Every Wednesday, The Conversation’s environment editor writes Imagine, a short email that goes a little deeper into just one climate issue. Join the 45,000+ readers who’ve subscribed so far.


    Kai Greenlees receives funding from the Economic Social Research Council, through the South West Doctoral Training Partnership.

    Steven R. Smith does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    ref. UK may be on verge of triggering a ‘positive tipping point’ for tackling climate change – https://theconversation.com/uk-may-be-on-verge-of-triggering-a-positive-tipping-point-for-tackling-climate-change-260212

    MIL OSI

  • MIL-OSI Submissions: Virgin by Lorde is a layered work of performance art – her smartest references explained

    Source: The Conversation – UK – By Lillian Hingley, Postdoctoral Researcher in English Literature, University of Oxford

    With her latest album, Virgin, Lorde is stretching the concept of the virgin beyond the common definition. Some may consider the album’s title and its cover art – an X-ray of Lorde’s pelvis showing an IUD – to be contradictory.

    But while Lorde could still be using contraception for purposes beyond birth control, its presence shows that the album doesn’t shy away from discussions of sexual activities and the risk of pregnancy (two themes that are clearly discussed in the track Clearblue).

    As she also shows with her approach to gender in the album’s opening song, Hammer (“Some days, I’m a woman, some days, I’m a man”), Lorde is testing and muddying common dualisms.

    The scientific perspective offered by the album art forces the viewer to look through Lorde’s body, but we are also looking beyond her reproductive organs. Certainly, Lorde sometimes conceptualises virginity as something that can only be given once, as she explains on David.


    Looking for something good? Cut through the noise with a carefully curated selection of the latest releases, live events and exhibitions, straight to your inbox every fortnight, on Fridays. Sign up here.


    In Hammer, her quip “don’t know if it’s love or if it’s ovulation” is a comedic musing on whether an experience is profoundly transcendental or just the product of hormones. But what strikes me is the fact that her concepts and themes are not static or singular.

    This album is exploring the idea of being made, or even remade, through experience. In If She Could See Me Now, Lorde recounts how painful moments “made me a woman”.

    Like French philosopher Simone de Beauvoir’s phrase “one is not born, but rather becomes, a woman”, Lorde is exploring how her body is being changed by what she has been through. As she sings in What Was That?: “I try to let whatever has to pass through me pass through.”

    Again, while she on the one hand describes something moving through her body, she’s also describing an attempt to move through something that has happened to her – turning a passive experience into one of acceptance and action. Here we might think of another notion of virginity: a substance before it is processed. Virginity is part of the experience of being changed, or reborn, into something else.

    This is not to say that Virgin is uninterested in the body. Lorde’s discussion of her eating disorder in Broken Glass is a case in point.

    Lorde as performance artist

    The visuals accompanying Virgin emphasise Lorde’s status as a performance artist. The crescendo of the What Was That video is a spontaneous public performance of Virgin’s first single.

    The music video for What Was That.

    When Lorde released the second single, Man of the Year, she posted on her website:

    TRYING TO MAKE IT SOUND LIKE A FONTANA, LIKE PAINTING BITTEN BY A MAN, LIKE THE NEW YORK EARTH ROOM. THE SOUND OF MY REBIRTH.

    The simile here, or the idea of making music sound “like” visual art, emphasises the tactility of Lorde’s work. Each artistic piece referenced here is concerned with physically intervening into the conventional art gallery set-up.

    Italian artist Lucio Fontana’s Spacial Concept series (1960) included slashed canvases a disruption of the body of the artwork with yonic – in other words, vulva-like – imagery (indeed, it challenges how “damaged” artworks are usually hidden from audiences, waiting to be restored).

    Similarly, American artist Jasper Johns’ Painting Bitten by a Man (1961) is an encaustic painting (derived from the Greek word for “burned in”), which shows off the markings of someone who has bitten into the canvas.

    The video for Man of the Year.

    The music video for Man of the Year is filmed in a room that is filled with dirt. This is a clear nod to American sculptor Walter de Maria’s New York Earth Room (1977). The piece also fills a white room in New York with this unexpected material: earth inside a building, where mushrooms can grow.

    The video for Man of the Year may also be referencing another artwork. Lorde is shown using duct tape to bind her breasts. While this points to Lorde’s exploration of her body and gender identity, the material also recalls Italian artist Maurizio Cattelan’s duct-taped banana artwork, Comedian.

    Offering phallic imagery to Fontana’s yonic imagery, Cattelan’s piece mirrors Lorde’s concern with ontology, or definition. What makes something art?

    Prometheus (Un)bound?

    But just as Lorde is binding herself in new ways, she is unbinding herself in others. In If She Could See Me Now, Lorde declares: “I’m going back to the clay.”

    Here that the album recalls the Prometheus myth: the ancient Greek story that Prometheus fashioned humans out of mud (or clay) and gave his creations fire.

    The closing track, David, offers another ancient allusion, this time about David and Goliath. David – who, as a harpist, is a musician like Lorde – kills the giant man with stones. This reference furthers the song’s discussion of the problem of treating a man, a lover, like a god.

    In David Lorde explores similar themes to Mary Shelley.

    This subtle reference to the killing of Goliath adds another layer to the euphemism for male testicles explored in Shapeshifter: “Do you have the stones?”. Perhaps Virgin is doing what Mary Shelley’s Frankenstein (1818) did with the Prometheus tale: both exploring what happens when a man tries to create and determine the fate of another being, whether nature or nurture make a person, and how a new body can be refashioned from old ones.

    After listening to the entire album, I was struck by how Lorde is exploring different facets of another question: who, exactly, is Lorde? Especially now that she is embracing who she is beyond the yoke of other people – or the demons – that have shaped her? Virgin shows that Lorde now wants to return “to the clay”, or to remake who she is, now that she is unbound by Prometheus.

    This article features references to books that have been included for editorial reasons, and may contain links to bookshop.org. If you click on one of the links and go on to buy something from bookshop.org The Conversation UK may earn a commission.

    Lillian Hingley does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    ref. Virgin by Lorde is a layered work of performance art – her smartest references explained – https://theconversation.com/virgin-by-lorde-is-a-layered-work-of-performance-art-her-smartest-references-explained-260181

    MIL OSI

  • MIL-OSI Submissions: Uganda’s ride-hailing motorbike service promised safety – but drivers are under pressure to speed

    Source: The Conversation – Africa – By Rich Mallett, Research Associate and Independent Researcher, ODI Global

    Motorcycle-taxis are one of the fastest and most convenient ways to get around Uganda’s congested capital, Kampala. But they are also the most dangerous. Though they account for one-third of public transport trips taking place within the city, police reports suggest motorcycles were involved in 80% of all road-crash deaths registered in Kampala in 2023.

    Promising to solve the safety problem while also improving the livelihoods of moto-taxi workers, digital ride-hail platforms emerged a decade ago on the city’s streets. It is no coincidence that Uganda’s ride-hailing pioneer and long-time market leader goes by the name of SafeBoda.

    Conceived in 2014 as a “market-based approach to road safety”, the idea is to give riders a financial incentive to drive safely by making digital moto-taxi work pay better. SafeBoda claimed at the time that motorcyclists who signed up with it would increase their incomes by up to 50% relative to the traditional mode of operation, in which riders park at strategic locations called “stages” and wait for passengers.

    In the years since, the efforts of SafeBoda and its ride-hail competitors to bring safety to the sector have largely been deemed a success. One study carried out in 2017 found that digital riders were more likely to wear a helmet and less likely to drive towards oncoming traffic. Early press coverage was particularly glowing, while recent academic studies continue to cite the Kampala case as evidence that ride-hailing platforms may hold the key to making African moto-taxi sectors a safer place to work and travel.




    Read more:
    Ride-hailing in Lagos: algorithmic impacts and driver resistance


    Is it all as clear-cut as this? In a new paper based on PhD research, I suggest not. Because at its core the ride-hail model – in which riders are classified as independent contractors who do poorly paid “gig work” rather than as wage-earning employees – undermines its own safety ambitions.

    Speed traps

    In my study of Kampala’s vast moto-taxi industry – estimated to employ hundreds of thousands of people – I draw on 112 in-depth interviews and a survey of 370 moto-taxi riders to examine how livelihoods and working conditions have been affected by the arrival of the platforms.

    To date, there has been only limited critical engagement with how this change has played out over the past decade. I wanted to get beneath the big corporate claims and alluring platform promises to understand how riders themselves had experienced the digital “transformation” of their industry, several years after it first began.




    Read more:
    Kenya’s ride-hailing drivers say their jobs offer dignity despite the challenges


    One of the things I found was that, from a safety perspective, the ride-hail model represents a paradox. We can think of it as a kind of “speed trap”.

    On one hand, ride-hail platforms try to moderate moto-taxi speeds and behaviours through managerial techniques. They make helmet use compulsory. They put riders through road safety training before letting them out onto the streets. And they enforce a professional “code of conduct” for riders.

    In some cases, companies also deploy “field agents” to major road intersections around the city. Their task is to monitor the behaviour of riders in company uniform and, should they be spotted breaking the rules, discipline them.

    On the other hand, however, the underlying economic structure of digital ride-hailing pulls transport workers in the opposite direction by systematically depressing trip fares and rewarding speed.

    Under the “gig economy” model used by Uganda’s ride-hail platforms, the livelihood promise hangs not in the offer of a guaranteed wage but in the possibility of higher earnings. Crucially, it is a promise that only materialises if riders are able to reach and maintain a faster, harder work-rate throughout the day – completing enough jobs that pay “little money”, as one rider put it, to make the gig-work deal come good. Or, as summed up by another interviewee:

    We are like stakeholders, I can say that. No basic salary, just commission. So it depends on your speed.

    We already know from existing research that the gig economy places new pressures on transport workers to drive fast and take risky decisions. This is especially the case for workers on low, unsteady pay and without formal safety nets.

    And yet, it is precisely these factors that routinely lead to road traffic accidents. Extensive research from across east Africa has shown that motorcycle crashes are strongly associated with financial pressure and the practices that lead directly from this, such as speeding, working long hours and performing high-risk manoeuvres. All are driven by the need to break even each day in a hyper-competitive informal labour market, with riders compelled to go fast by the raw economics of their work.

    Deepening the pressure

    Ride-hail platforms may not be the reason these circumstances exist in the first place. But the point is that they do not mark a departure from them.

    If anything, my research suggests they may be making things worse. According to the survey data, riders working through the apps make on average 12% higher gross earnings each week relative to their analogue counterparts. This is because the online world gets them more jobs.

    But to stay connected to that world they must shoulder higher operating costs, for: mobile data (to remain logged on); fuel (to perform more trips); the use of helmets and uniforms (which remain company property); and commissions extracted by the platform companies (as much as 15%-20% per trip).

    As soon as these extras are factored in, the difference completely disappears. The digital rider works faster and harder – but for no extra reward.

    Rethinking approaches to safety reform

    Ride-hail platforms were welcomed onto the streets of Kampala as an exciting new solution to unsafe transport, boldly driven by technological innovation and “market-based” thinking.




    Read more:
    Uganda’s speedy motorbike taxis will slow down for cash – if incentives are cleverly designed


    But it is important to remember that these are private enterprises with a clear bottom line: to one day turn a profit. As recent reports and my own thesis show, efforts to reach that point often alienate and ultimately repel the workers on whom these platforms depend – and whose livelihoods and safety standards they claim to be transforming.

    A recent investment evaluation by one of SafeBoda’s first funders perhaps puts it best: it is time to reframe ride-hailing as a “risky vehicle” for safety reform in African cities, rather than a clear road to success.

    Rich received funding for this research from the UK’s Economic and Social Research Council (ESRC).

    ref. Uganda’s ride-hailing motorbike service promised safety – but drivers are under pressure to speed – https://theconversation.com/ugandas-ride-hailing-motorbike-service-promised-safety-but-drivers-are-under-pressure-to-speed-259310

    MIL OSI

  • MIL-OSI Submissions: Your essential guide to climate finance

    Source: The Conversation – UK – By Mark Maslin, Professor of Natural Sciences, UCL

    MEE KO DONG/Shutterstock

    The global ecosystem of climate finance is complex, constantly changing and sometimes hard to understand. But understanding it is critical to demanding a green transition that’s just and fair. That’s why The Conversation has collaborated with climate finance experts to create this user-friendly guide, in partnership with Vogue Business. With definitions and short videos, we’ll add to this glossary as new terms emerge.

    Blue bonds

    Blue bonds are debt instruments designed to finance ocean-related conservation, like protecting coral reefs or sustainable fishing. They’re modelled after green bonds but focus specifically on the health of marine ecosystems – this is a key pillar of climate stability.

    By investing in blue bonds, governments and private investors can fund marine projects that deliver both environmental benefits and long-term financial returns. Seychelles issued the first blue bond in 2018. Now, more are emerging as ocean conservation becomes a greater priority for global sustainability efforts.

    By Narmin Nahidi, assistant professor in finance at the University of Exeter

    Carbon border adjustment mechanism

    Did you know that imported steel could soon face a carbon tax at the EU border? That’s because the carbon border adjustment mechanism is about to shake up the way we trade, produce and price carbon.

    The carbon border adjustment mechanism is a proposed EU policy to put a carbon price on imports like iron, cement, fertiliser, aluminium and electricity. If a product is made in a country with weaker climate policies, the importer must pay the difference between that country’s carbon price and the EU’s. The goal is to avoid “carbon leakage” – when companies relocate to avoid emissions rules and to ensure fair competition on climate action.

    But this mechanism is more than just a tariff tool. It’s a bold attempt to reshape global trade. Countries exporting to the EU may be pushed to adopt greener manufacturing or face higher tariffs.

    The carbon border adjustment mechanism is controversial: some call it climate protectionism, others argue it could incentivise low-carbon innovation worldwide and be vital for achieving climate justice. Many developing nations worry it could penalise them unfairly unless there’s climate finance to support greener transitions.

    Carbon border adjustment mechanism is still evolving, but it’s already forcing companies, investors and governments to rethink emissions accounting, supply chains and competitiveness. It’s a carbon price with global consequences.

    By Narmin Nahidi, assistant professor in finance at the University of Exeter

    Carbon budget

    The Paris agreement aims to limit global warming to 1.5°C above pre-industrial levels by 2030. The carbon budget is the maximum amount of CO₂ emissions allowed, if we want a 67% chance of staying within this limit. The Intergovernmental Panel on Climate Change (IPCC) estimates that the remaining carbon budgets amount to 400 billion tonnes of CO₂ from 2020 onwards.

    Think of the carbon budget as a climate allowance. Once it has been spent, the risk of extreme weather or sea level rise increases sharply. If emissions continue unchecked, the budget will be exhausted within years, risking severe climate consequences. The IPCC sets the global carbon budget based on climate science, and governments use this framework to set national emission targets, climate policies and pathways to net zero emissions.

    By Dongna Zhang, assistant professor in economics and finance, Northumbria University

    Carbon credits

    Carbon credits are like a permit that allow companies to release a certain amount of carbon into the air. One credit usually equals one tonne of CO₂. These credits are issued by the local government or another authorised body and can be bought and sold. Think of it like a budget allowance for pollution. It encourages cuts in carbon emissions each year to stay within those global climate targets.

    The aim is to put a price on carbon to encourage cuts in emissions. If a company reduces its emissions and has leftover credits, it can sell them to another company that is going over its limit. But there are issues. Some argue that carbon credit schemes allow polluters to pay their way out of real change, and not all credits are from trustworthy projects. Although carbon credits can play a role in addressing the climate crisis, they are not a solution on their own.

    By Sankar Sivarajah, professor of circular economy, Kingston University London

    Carbon credits explained.

    Carbon offsetting

    Carbon offsetting is a way for people or organisations to make up for the carbon emissions they are responsible for. For example, if you contribute to emissions by flying, driving or making goods, you can help balance that out by supporting projects that reduce emissions elsewhere. This might include planting trees (which absorb carbon dioxide) or building wind farms to produce renewable energy.

    The idea is that your support helps cancel out the damage you are doing. For example, if your flight creates one tonne of carbon dioxide, you pay to support a project that removes the same amount.

    While this sounds like a win-win, carbon offsetting is not perfect. Some argue that it lets people feel better without really changing their behaviour, a phenomenon sometimes referred to as greenwashing.

    Not all projects are effective or well managed. For instance, some tree planting initiatives might have taken place anyway, even without the offset funding, deeming your contribution inconsequential. Others might plant the non-native trees in areas where they are unlikely to reach their potential in terms of absorbing carbon emissions.

    So, offsetting can help, but it is no magic fix. It works best alongside real efforts to reduce greenhouse gas emissions and encourage low-carbon lifestyles or supply chains.

    By Sankar Sivarajah, professor of circular economy, Kingston University London

    Carbon offsetting explained.

    Carbon tax

    A carbon tax is designed to reduce greenhouse gas emissions by placing a direct price on CO₂ and other greenhouse gases.

    A carbon tax is grounded in the concept of the social cost of carbon. This is an estimate of the economic damage caused by emitting one tonne of CO₂, including climate-related health, infrastructure and ecosystem impacts.

    A carbon tax is typically levied per tonne of CO₂ emitted. The tax can be applied either upstream (on fossil fuel producers) or downstream (on consumers or power generators). This makes carbon-intensive activities more expensive, it incentivises nations, businesses and people to reduce their emissions, while untaxed renewable energy becomes more competitively priced and appealing.

    Carbon tax was first introduced by Finland in 1990. Since then, more than 39 jurisdictions have implemented similar schemes. According to the World Bank, carbon pricing mechanisms (that’s both carbon taxes and emissions trading systems) now cover about 24% of global emissions. The remaining 76% are not priced, mainly due to limited coverage in both sectors and geographical areas, plus persistent fossil fuel subsidies. Expanding coverage would require extending carbon pricing to sectors like agriculture and transport, phasing out fossil fuel subsidies and strengthening international governance.

    What is carbon tax?

    Sweden has one of the world’s highest carbon tax rates and has cut emissions by 33% since 1990 while maintaining economic growth. The policy worked because Sweden started early, applied the tax across many industries and maintained clear, consistent communication that kept the public on board.

    Canada introduced a national carbon tax in 2019. In Canada, most of the revenue from carbon taxes is returned directly to households through annual rebates, making the scheme revenue-neutral for most families. However, despite its economic logic, inflation and rising fuel prices led to public discontent – especially as many citizens were unaware they were receiving rebates.

    Carbon taxes face challenges including political resistance, fairness concerns and low public awareness. Their success depends on clear communication and visible reinvestment of revenues into climate or social goals. A 2025 study that surveyed 40,000 people in 20 countries found that support for carbon taxes increases significantly when revenues are used for environmental infrastructure, rather than returned through tax rebates.

    By Meilan Yan, associate professor and senior lecturer in financial economics, Loughborough University

    Climate resilience

    Floods, wildfires, heatwaves and rising seas are pushing our cities, towns and neighbourhoods to their limits. But there’s a powerful idea that’s helping cities fight back: climate resilience.

    Resilience refers to the ability of a system, such as a city, a community or even an ecosystem – to anticipate, prepare for, respond to and recover from climate-related shocks and stresses.

    Sometimes people say resilience is about bouncing back. But it’s not just about surviving the next storm. It’s about adapting, evolving and thriving in a changing world.

    Resilience means building smarter and better. It means designing homes that stay cool during heatwaves. Roads that don’t wash away in floods. Power grids that don’t fail when the weather turns extreme.

    It’s also about people. A truly resilient city protects its most vulnerable. It ensures that everyone – regardless of income, age or background – can weather the storm.

    And resilience isn’t just reactive. It’s about using science, local knowledge and innovation to reduce a risk before disaster strikes. From restoring wetlands to cool cities and absorb floods, to creating early warning systems for heatwaves, climate resilience is about weaving strength into the very fabric of our cities.

    By Paul O’Hare, senior lecturer in geography and development, Manchester Metropolitan University

    The meaning of climate resilience.

    Climate risk disclosure

    Climate risk disclosure refers to how companies report the risks they face from climate change, such as flood damage, supply chain disruptions or regulatory costs. It includes both physical risks (like storms) and transition risks (like changing laws or consumer preferences).

    Mandatory disclosures, such as those proposed by the UK and EU, aim to make climate-related risks transparent to investors. Done well, these reports can shape capital flows toward more sustainable business models. Done poorly, they become greenwashing tools.

    By Narmin Nahidi, assistant professor in finance at the University of Exeter

    Emissions trading scheme

    An emissions trading scheme is the primary market-based approach for regulating greenhouse gas emissions in many countries, including Australia, Canada, China and Mexico.

    Part of a government’s job is to decide how much of the economy’s carbon emissions it wants to avoid in order to fight climate change. It must put a cap on carbon emissions that economic production is not allowed to surpass. Preferably, the polluters (that’s the manufacturers, fossil fuel companies) should be the ones paying for the cost of climate mitigation.

    Regulators could simply tell all the firms how much they are allowed to emit over the next ten years or so. But giving every firm the same allowance across the board is not cost efficient, because avoiding carbon emissions is much harder for some firms (such as steel producers) than others (such as tax consultants). Since governments cannot know each firm’s specific cost profile either, it can’t customise the allowances. Also, monitoring whether polluters actually abide by their assigned limits is extremely costly.

    An emissions trading scheme cleverly solves this dilemma using the cap-and-trade mechanism. Instead of assigning each polluter a fixed quota and risking inefficiencies, the government issues a large number of tradable permits – each worth, say, a tonne of CO₂-equivalent (CO₂e) – that sum up to the cap. Firms that can cut greenhouse gas emissions relatively cheaply can then trade their surplus permits to those who find it harder – at a price that makes both better off.

    By Mathias Weidinger, environmental economist, University of Oxford

    Emissions trading schemes, explained by climate finance expert Mathias Weidinger.

    Environmental, social and governance (ESG) investing

    ESG investing stands for environmental, social and governance investing. In simple terms, these are a set of standards that investors use to screen a company’s potential investments.

    ESG means choosing to invest in companies that are not only profitable but also responsible. Investors use ESG metrics to assess risks (such as climate liability, labour practices) and align portfolios with sustainability goals by looking at how a company affects our planet and treats its people and communities. While there isn’t one single global body governing ESG, various organisations, ratings agencies and governments all contribute to setting and evolving these metrics.

    For example, investing in a company committed to renewable energy and fair labour practices might be considered “ESG aligned”. Supporters believe ESG helps identify risks and create long-term value. Critics argue it can be vague or used for greenwashing, where companies appear sustainable without real action. ESG works best when paired with transparency and clear data. A barrier is that standards vary, and it’s not always clear what counts as ESG.

    Why do financial companies and institutions care? Issues like climate change and nature loss pose significant risks, affecting company values and the global economy.

    Investing with ESG in mind can help manage these risks and unlock opportunities, with ESG assets projected to reach over US$40 trillion (£30 trillion) by 2030.

    However, gathering reliable ESG information can be difficult. Companies often self-report, and the data isn’t always standardised or up to date. Researchers – including my team at the University of Oxford – are using geospatial data, like satellite imagery and artificial intelligence, to develop global databases for high-impact industries, across all major sectors and geographies, and independently assess environmental and social risks and impacts.

    For instance, we can analyse satellite images of a facility over time to monitor its emissions effect on nature and biodiversity, or assess deforestation linked to a company’s supply chain. This allows us to map supply chains, identify high-impact assets, and detect hidden risks and opportunities in key industries, providing an objective, real-time look at their environmental footprint.

    The goal is for this to improve ESG ratings and provide clearer, more consistent insights for investors. This approach could help us overcome current data limitations to build a more sustainable financial future.

    By Amani Maalouf, senior researcher in spatial finance, University of Oxford

    Environmental, social and governance investing explained.

    Financed emissions

    Financed emissions are the greenhouse gas emissions linked to a bank’s or investor’s lending and investment portfolio, rather than their own operations. For example, a bank that funds a coal mine or invests in fossil fuels is indirectly responsible for the carbon those activities produce.

    Measuring financed emissions helps reveal the real climate impact of financial institutions not just their office energy use. It’s a cornerstone of climate accountability in finance and is becoming essential under net zero pledges.

    By Narmin Nahidi, assistant professor in finance at the University of Exeter

    Green bonds

    Green bonds are loans issued to fund environmentally beneficial projects, such as energy-efficient buildings or clean transportation. Investors choose them to support climate solutions while earning returns.

    Green bonds are a major tool to finance the shift to a low-carbon economy by directing finance toward climate solutions. As climate costs rise, green bonds could help close the funding gap while ensuring transparency and accountability.

    Green bonds are required to ensure funds are spent as promised. For instance, imagine a city wants to upgrade its public transportation by adding electric buses to reduce pollution. Instead of raising taxes or slashing other budgets, the city can issue green bonds to raise the necessary capital. Investors buy the bonds, the city gets the funding, and the environment benefits from cleaner air and fewer emissions.

    The growing participation of government issuers has improved the transparency and reliability of these investments. The green bond market has grown rapidly in recent years. According to the Bank for International Settlements, the green bond market reached US$2.9 trillion (£2.1 trillion) in 2024 – nearly six times larger than in 2018. At the same time, annual issuance (the total value of green bonds issued in a year) hit US$700 billion, highlighting the increasing role of green finance in tackling climate change.

    By Dongna Zhang, assistant professor in economics and finance, Northumbria University

    Just transition

    Just transition is the process of moving to a low-carbon society that is environmentally sustainable and socially inclusive. In a broad sense, a just transition means focusing on creating a more fair and equal society.

    Just transition has existed as a concept since the 1970s. It was originally applied to the green energy transition, protecting workers in the fossil fuel industry as we move towards more sustainable alternatives.

    These days, it has so many overlapping issues of justice hidden within it, so the concept is hard to define. Even at the level of UN climate negotiations, global leaders struggle to agree on what a just transition means.

    The big battle is between developed countries, who want a very restrictive definition around jobs and skills, and developing countries, who are looking for a much more holistic approach that considers wider system change and includes considerations around human rights, Indigenous people and creating an overall fairer global society.

    A just transition is essentially about imagining a future where we have moved beyond fossil fuels and society works better for everyone – but that can look very different in a European city compared to a rural setting in south-east Asia.

    For example, in a British city it might mean fewer cars and better public transport. In a rural setting, it might mean new ways of growing crops that are more sustainable, and building homes that are heatwave resistant.

    By Alix Dietzel, climate justice and climate policy expert, University of Bristol

    The meaning of just transition.

    Loss and damage

    A global loss and damage fund was agreed by nations at the UN climate summit (Cop27) in 2022. This means that the rich countries of the world put money into a fund that the least developed countries can then call upon when they have a climate emergency.

    The World Bank has agreed to run the loss and damage fund but they are charging significant fees for doing so.

    At the moment, the loss and damage fund is made up of relatively small pots of money. Much more will be needed to provide relief to those who need it most now and in the future.

    By Mark Maslin, professor of earth system science, UCL

    Mark Maslin explains loss and damage.

    Mitigation v adaptation

    Mitigation means cutting greenhouse gas emissions to slow climate change. Adaptation means adjusting to its effects, like building sea walls or growing heat-resistant crops. Both are essential: mitigation tackles the cause, while adaptation tackles the symptoms.

    Globally, most funding goes to mitigation, but vulnerable communities often need adaptation support most. Balancing the two is a major challenge in climate policy, especially for developing countries facing immediate climate threats.

    By Narmin Nahidi, assistant professor in finance at the University of Exeter

    Nationally determined contributions

    Nationally determined contributions (NDCs) are at the heart of the Paris agreement, the global effort to collectively combat climate change. NDCs are individual climate action plans created by each country. These targets and strategies outline how a country will reduce its greenhouse gas emissions and adapt to climate change.

    Each nation sets its own goals based on its own circumstances and capabilities – there’s no standard NDC. These plans should be updated every five years and countries are encouraged to gradually increase their climate ambitions over time.

    The aim is for NDCs to drive real action by guiding policies, attracting investment and inspiring innovation in clean technologies. But current NDCs fall short of the Paris agreement goals and many countries struggle to turn their plans into a reality. NDCs also vary widely in scope and detail so it’s hard to compare efforts across the board. Stronger international collaboration and greater accountability will be crucial.

    By Doug Specht, reader in cultural geography and communication, University of Westminster

    Doug Specht explains nationally determined contributions.

    Natural capital

    Fashion depends on water, soil and biodiversity – all natural capital. And forward-thinking designers are now asking: how do we create rather than deplete, how do we restore rather than extract?

    Natural capital is the value assigned to the stock of forests, soils, oceans and even minerals such as lithium. It sustains every part of our economy. It’s the bees that pollinate our crops. It’s the wetlands that filter our water and it’s the trees that store carbon and cool our cities.

    If we fail to value nature properly, we risk losing it. But if we succeed, we unlock a future that is not only sustainable but also truly regenerative.

    My team at the University of Oxford is developing tools to integrate nature into national balance sheets, advising governments on biodiversity, and we’re helping industries from fashion to finance embed nature into their decision making.

    Natural capital, explained by a climate finance expert.

    By Mette Morsing, professor of business sustainability and director of the Smith School of Enterprise and the Environment, University of Oxford

    Net zero

    Reaching net zero means reducing the amount of additional greenhouse gas emissions that accumulate in the atmosphere to zero. This concept was popularised by the Paris agreement, a landmark deal that was agreed at the UN climate summit (Cop21) in 2015 to limit the impact of greenhouse gas emissions.

    There are some emissions, from farming and aviation for example, that will be very difficult, if not impossible, to reach absolute zero. Hence, the “net”. This allows people, businesses and countries to find ways to suck greenhouse gas emissions out of the atmosphere, effectively cancelling out emissions while trying to reduce them. This can include reforestation, rewilding, direct air capture and carbon capture and storage. The goal is to reach net zero: the point at which no extra greenhouse gases accumulate in Earth’s atmosphere.

    By Mark Maslin, professor of earth system science, UCL

    Mark Maslin explains net zero.

    For more expert explainer videos, visit The Conversation’s quick climate dictionary playlist here on YouTube.

    Mark Maslin is Pro-Vice Provost of the UCL Climate Crisis Grand Challenge and Founding Director of the UCL Centre for Sustainable Aviation. He was co-director of the London NERC Doctoral Training Partnership and is a member of the Climate Crisis Advisory Group. He is an advisor to Sheep Included Ltd, Lansons, NetZeroNow and has advised the UK Parliament. He has received grant funding from the NERC, EPSRC, ESRC, DFG, Royal Society, DIFD, BEIS, DECC, FCO, Innovate UK, Carbon Trust, UK Space Agency, European Space Agency, Research England, Wellcome Trust, Leverhulme Trust, CIFF, Sprint2020, and British Council. He has received funding from the BBC, Lancet, Laithwaites, Seventh Generation, Channel 4, JLT Re, WWF, Hermes, CAFOD, HP and Royal Institute of Chartered Surveyors.

    Amani Maalouf receives funding from IKEA Foundation and UK Research and Innovation (NE/V017756/1).

    Narmin Nahidi is affiliated with several academic associations, including the Financial Management Association (FMA), British Accounting and Finance Association (BAFA), American Finance Association (AFA), and the Chartered Association of Business Schools (CMBE). These affiliations do not influence the content of this article.

    Paul O’Hare receives funding from the UK’s Natural Environment Research Council (NERC). Award reference NE/V010174/1.

    Alix Dietzel, Dongna Zhang, Doug Specht, Mathias Weidinger, Meilan Yan, and Sankar Sivarajah 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. Your essential guide to climate finance – https://theconversation.com/your-essential-guide-to-climate-finance-256358

    MIL OSI

  • MIL-OSI NGOs: Gaza: Evidence points to Israel’s continued use of starvation to inflict genocide against Palestinians  

    Source: Amnesty International –

    Evidence gathered by Amnesty International demonstrates how over a month since the introduction of its militarized aid distribution system, Israel has continued to use starvation of civilians as a weapon of war against Palestinians in the occupied Gaza Strip and to deliberately impose conditions of life calculated to bring about their physical destruction as part of its ongoing genocide. 

    Heartbreaking testimonies gathered from medical staff, parents of children hospitalized for malnutrition and displaced Palestinians struggling to survive paint a horrifying picture of acute levels of starvation and desperation in Gaza. Their accounts provide further evidence of the catastrophic suffering caused by Israel’s ongoing restrictions on life-saving aid and its deadly militarized aid scheme coupled with mass forced displacement, relentless bombardment and destruction of life-sustaining infrastructure. 

    “While the eyes of the world were diverted to the recent hostilities between Israel and Iran, Israel’s genocide has continued unabated in Gaza, including through the infliction of conditions of life that have created a deadly mix of hunger and disease pushing the population past breaking point,” said Agnès Callamard, Secretary General of Amnesty International.  

    In the month following Israel’s imposition of a militarized “‘aid” scheme run by the Gaza Humanitarian Foundation (GHF), hundreds of Palestinians have been killed and thousands injured either near militarized distribution sites or en route to humanitarian aid convoys.  

    This devastating daily loss of life as desperate Palestinians try to collect aid is the consequence of their deliberate targeting by Israeli forces and the foreseeable consequence of irresponsible and lethal methods of distribution.

    Agnès Callamard, Secretary General of Amnesty International.

    “This devastating daily loss of life as desperate Palestinians try to collect aid is the consequence of their deliberate targeting by Israeli forces and the foreseeable consequence of irresponsible and lethal methods of distribution,” said Agnès Callamard. 

    By continuing to prevent UN and other key humanitarian organizations from distributing certain essential items, like food parcels, fuel and shelter, within Gaza and by maintaining a deadly, dehumanizing and ineffective militarized ‘aid’ scheme, Israeli authorities have turned aid-seeking into a booby trap for desperate starved Palestinians. They have also deliberately fueled chaos and compounded suffering instead of alleviating it. The aid delivered is also way below the humanitarian needs of a population that has been experiencing almost daily bombings for the last 20 months.  

    Israel has continued to restrict the entry of aid and impose its suffocating cruel blockade and even a full siege lasting nearly eighty days.

    Agnès Callamard.

    “As the occupying power, Israel has a legal obligation to ensure Palestinians in Gaza have access to food, medicine and other supplies essential for their survival. Instead, it has brazenly defied binding orders issued by the International Court of Justice in January, March and May 2024, to allow the unimpeded flow of aid to Gaza. Israel has continued to restrict the entry of aid and impose its suffocating cruel blockade and even a full siege lasting nearly eighty days,” said Agnès Callamard. 

    This must end now. Israel must lift all restrictions and allow unfettered, safe, and dignified access to humanitarian aid throughout Gaza immediately.” 

    Amnesty International interviewed 17 internally displaced people (10 women and seven men) as well as the parents of four children hospitalized for severe malnutrition, and four healthcare workers, across three hospitals in Gaza City and Khan Younis in May and June 2025.  

    Devastating impact on children 

    Even before the imposition of a total siege on 2 March 2025, slightly but insufficiently eased some 78 days later, Israel’s deliberate imposition of conditions of life calculated to destroy Palestinians had had a particularly devastating impact on young children and pregnant and breastfeeding women.  

    Since October 2023 at least 66 children have died as a direct result of malnutrition-related conditions. This figure does not include the many more children who have died as a result of preventable diseases exacerbated by malnutrition.  

    The victims include four-month-old baby, Jinan Iskafi, who tragically died on 3 May 2025 due to severe malnutrition. According to her medical report, which was reviewed by Amnesty International, Jinan was admitted to the Rantissi pediatric hospital due to severe dehydration and recurrent infections. She was diagnosed with Marasmus, a severe form of protein-energy malnutrition, chronic diarrhea, and a suspected case of immunodeficiency. The pediatrician treating her told Amnesty International that she required a specific lactose-free formula, which was not available due to the blockade.  

    Gaza’s decimated health sector, already overwhelmed with the volume of injuries, is struggling to deal with the influx of infants and children hospitalized for malnutrition. According to the UN Office for the Coordination of Humanitarian Affairs (OCHA), as of 15 June 2025, a total of 18,741, children were hospitalized for acute malnutrition since the beginning of the year.  

    The vast majority of children suffering from malnutrition, however, cannot reach any hospital due to access challenges posed by displacement orders and heavy bombardment and ongoing military operations. 

    Numbers barely scratch the surface of the suffering in Gaza 

     Accounts from healthcare workers and displaced individuals paint an even more harrowing picture.  

    Susan Maarouf, a nutritional expert at the Nutrition unit in the Patient Friend Benevolent Society hospital in Gaza City, supported by the organizations Medical Aid for Palestinians and MedGlobal, said that in June 2024 the hospital opened a dedicated department for children aged six months to and five years to manage cases of severe malnutrition.   

    “Back then, Gaza City and the North Gaza governorate were hit by malnutrition [as a result of the tight blockade]. But this year for us the situation began to drastically get worse again in April. Since then, out of approximately 200-250 children we have screened daily for malnutrition. Nearly 15% showed signs associated with severe or moderate malnutrition,” she said. 

    In the worst cases visible signs include pale skin, falling hair and nails, and alarming weight loss. She expressed the profound helplessness of offering nutritional advice amid severe shortages of food, with fruit, vegetables and eggs only available at exorbitant prices, if at all: “In an ideal world, I would recommend the parents to provide the child with nutritious food, rich with protein. I would advise that they maintain a hygienic environment for their children; I would stress the importance of clean water… In our situation… any recommendation you give … sometimes you feel like you are rubbing salt into these parents’ wounds.” 

    Dr. Maarouf described the relentless cycle of malnutrition stating that in some cases children were re-hospitalized after being discharged:  

    “We treated one little girl, aged six, for nutritional edema, she had severe protein deficiency when she came in early May; with the treatment we gave her she showed signs of improvement, including gaining weight, becoming livelier… unfortunately she was recently admitted again because her condition relapsed. Like most families in Gaza, her family is displaced; they live in a tent; they have to rely on the lentil or rice they get from the community kitchen. It’s a cycle. With no aid getting in, you feel like as a hospital you only patch up the wound but eventually it will burst again.” 

    Doctors have also warned that the lives of newborn babies are at risk amid acute shortages of baby formula milk, especially for children with lactose-intolerance or other allergies.  

    One doctor said: “There is a milk crisis in Gaza overall. Also, we notice that new mothers, because they themselves are not eating properly or because of the panic, trauma and anxiety, are unable to breastfeed. So, to secure baby formula at all is a struggle. But if your child has allergies, it’s almost impossible to find special formula in any of Gaza’s hospitals for infants the failure to secure special baby formula can be a death sentence.” 

    At Nasser hospital in Khan Younis in the southern Gaza Strip, Dr. Wafaa Abu Nimer confirmed the dire situation, reporting that by 30 June 2025, 9 children were still being treated for malnutrition-related complications at her facility alone. She described the scenes they have witnessed over the past two months as “really unprecedented” with severe cases of nutritional edema or marasmus, muscle wasting. She also said that some are additionally suffering from injuries due to explosions from which they have not recovered.  

    Dr. Abu Nimer said that since Israel’s new aid distribution scheme began there has been no signs of improvement in the situation with hundreds of children screened for malnutrition on a daily basis in their pediatric emergency room. Mass displacement orders issued to the Khan Younis governorate in May made Nasser hospital out of reach for thousands of displaced families.  

    Dr. Abu Nimer described to Amnesty how the impact on children extends beyond the physical. “One girl whose hair fell out almost completely as a result of nutritional edema, kept asking me ‘doctor, will my hair grow again? Am I [still] beautiful?’ Abu Nimer said. “Even if these children recover completely, the scars will always remain with them. Medically we know that malnutrition amongst infants and small children may have long-term cognitive and developmental effects, but I don’t think enough attention is being given to the mental health and psychological impact [of starvation and war] on children and parents.”  

    She also conveyed the exhaustion felt by medical staff: “We as doctors are also exhausted, we are malnourished ourselves, most of us are also displaced and live in tents, yet we do our best to offer medical care, provide nutrient supplements and as much support as we can. We try to save lives, we try to alleviate the suffering, but there is very little we can do after discharge.” 

    Weaponized aid  

    While Israeli authorities continue to impose their unlawful blockade on the entry of aid and commercial supplies into the occupied Gaza Strip, hundreds of aid trucks remain stuck outside Gaza, waiting for an Israeli permit to enter.  

    OCHA reported that as of 16 June 2025, 852 trucks for UN and international humanitarian organizations, the majority of which carry food supplies, remain stuck in Al-Arish in Egypt, yet to receive a permit from the Israeli authorities to enter Gaza. Moreover, the partial easing of the total siege on 19 May did not include easing restrictions on certain critical supplies, such as fuel and cooking gas, which have not been allowed into Gaza since 2 March. Without fuel, electricity cannot be produced to allow, for example, life-saving medical devices to function.   

    Only a trickle of the extremely limited aid allowed by Israel into Gaza reaches those in need. It is either distributed through the inhumane and deadly militarized scheme run by the GHF, or is offloaded by desperate starved civilians, and in some cases, organized gangs. This grim reality is compounded by Israel’s deliberate destruction of or denial of access to life-sustaining infrastructure, including some of Gaza’s most fertile agricultural land and food production sources, like greenhouses and poultry farms.   

    The World Food Programme and local organizations were for the first time permitted to distribute flour in Gaza City on 26 June 2025. The relatively smooth distribution that took place with thousands waiting their turn and no reported injuries is a damning indictment of Israel’s militarized GHF scheme.  All the evidence gathered, including testimonies which Amnesty International is receiving from victims and witnesses, suggest that the GHF was designed so as to placate international concerns while constituting another tool of Israel’s genocide.   

    “Not only has the international community failed to stop this genocide, but it has also allowed Israel to constantly reinvent new ways to destroy Palestinian lives in Gaza and trample on their human dignity,” said Agnès Callamard.  

    “States must cease their inertia and live up to their legal obligations. They must exercise all necessary pressure to ensure Israel lifts immediately and unconditionally its awful blockade and ends the genocide in Gaza. They must end any form of contribution to Israel’s unlawful conduct or risk complicity in atrocity crimes. This requires immediately suspending all military support to Israel, banning trade and investment that contribute to Israel’s genocide or other grave violations of international law.  

    “States should also adopt targeted sanctions, through international and regional mechanisms, against those Israeli officials most implicated in international crimes and cooperate with the International Criminal Court, including by implementing its arrest warrants.” 

    Background 

    According to figures obtained from the Palestinian Ministry of Health, the under-five mortality rate for 2024 in Gaza was recorded at 32.7 deaths per 1,000 live births, representing a sharp increase compared to the 13.6 rate reported in 2022. Maternal mortality has also more than doubled from an estimated 19 deaths per 100,000 live births in 2022 to 43 deaths per 100,000 in 2024. 

    MIL OSI NGO

  • MIL-OSI Analysis: Our memories are unreliable, limited and suggestible – and it’s a good thing too

    Source: The Conversation – Global Perspectives – By Nick Haslam, Professor of Psychology, The University of Melbourne

    Shutterstock

    Milan Kundera opens his novel The Book of Laughter and Forgetting with a scene from the winter of 1948. Klement Gottwald, leader of the Communist Party of Czechoslovakia, is giving a speech to the masses from a palace balcony, surrounded by fellow party members. Comrade Vladimir Clementis thoughtfully places his fur hat on Gottwald’s bare head; the hat then features in an iconic photograph.

    Four years later, Clementis is found guilty of being a bourgeois nationalist and hanged. His ashes are strewn on a Prague street. The propaganda section of the party removes him from written history and erases him from the photograph.

    “Nothing remains of Clementis,” writes Kundera, “but the fur hat on Gottwald’s head.”


    Review: Memory Lane: The Perfectly Imperfect Ways We Remember – Ciara Greene & Gillian Murphy (Princeton University Press)


    Efforts to enforce political forgetting are often associated with totalitarian regimes. The state endeavours to control not only its citizens, but also the past. To create a narrative that glorifies the present and idealises the future, history must be rewritten or even completely obliterated.

    In a famous article on “the totalitarian ego”, the social psychologist Anthony Greenwald argued that individual selves operate in the same way. We deploy an array of cognitive biases to maintain a sense of control, and to shape and reshape our personal history. We distort the present and fabricate the past to ensure we remain the heroes of our life narratives.

    Likening the individual to a destructive political system might sound extreme, but it has an element of truth. Memory Lane, a new book by Irish psychology researchers Ciara Greene and Gillian Murphy, shows how autobiographical memory has a capacity to rewrite history that is almost Stalinesque.

    There is no shortage of books on memory, from self-help guides for the anxiously ageing to scholarly works of history. Memory Lane is distinctive for taking the standpoint of applied cognitive psychology. Emphasising how memory functions in everyday life, Greene and Murphy explore the processes of memory and the influences that shape them.

    What memory is not

    The key message of the book is that the memory system is not a recording device. We may be tempted to see memory as a vault where past experience is faithfully preserved, but in fact it is fundamentally reconstructive.

    Memories are constantly revised in acts of recollection. They change in predictable ways over time, moulded by new information, our prior beliefs and current emotions, other people’s versions of events, or an interviewer’s leading questions.


    According to Greene and Murphy’s preferred analogy, memory is like a Lego tower. A memory is initially constructed from a set of elements, but over time some will be lost as the structure simplifies to preserve the gist of the event. Elements may also be added as new information is incorporated and the memory is refashioned to align with the person’s beliefs and expectations.

    The malleability of memory might look like a weakness, especially by comparison to digital records. Memory Lane presents it as a strength. Humans did not evolve to log objective truths for posterity, but to operate flexibly in a complex and changing world.

    From an adaptive standpoint, the past only matters insofar as it helps us function in the present. Our knowledge should be updated by new information. We should assimilate experiences to already learned patterns. And we should be tuned to our social environment, rather than insulated from it.

    “If all our memories existed in some kind of mental quarantine, separate from the rest of our knowledge and experiences,” the authors write, “it would be like using a slow, inefficient computer program that could only show you one file at a time, never drawing connections or updating incorrect impressions.”

    Simplifying and discarding memories is also beneficial because our cognitive capacity is limited. It is better to filter out what matters from the deluge of past experiences than to be overwhelmed with irrelevancies. Greene and Murphy present the case of a woman with exceptional autobiographical memory, who is plagued by the triggering of obsolete memories.

    Forgetting doesn’t merely de-clutter memory; it also serves emotional ends. Selectively deleting unpleasant memories increases happiness. Sanding off out-of-character experiences fosters a clear and stable sense of self.

    “Hindsight bias” boosts this feeling of personal continuity by bringing our recollections into line with our current beliefs. Revisionist history it may be, but it is carried out in the service of personal identity.

    ‘Forgetting doesn’t merely de-clutter memory; it also serves emotional ends.’
    Shutterstock

    Eyewitness memories and misinformation

    Memory Lane pays special attention to situations in which memory errors have serious consequences, such as eyewitness testimony. Innocent people can be convicted on the basis of inaccurate eyewitness identifications. An array of biases make these more likely and they are especially common in interracial contexts.

    Recollections can also be influenced by the testimony of other witnesses, and even by the language used during questioning. In a classic study, participants who viewed videos of car accidents estimated the car’s speed as substantially faster when the cars were described as having “smashed” rather than “contacted”. These distortions are not temporary: new information overwrites and overrides the original memory.

    Misinformation works in a similar way and with equally dire consequences, such as vaccination avoidance. False information not only modifies existing memories but can even produce false memories, especially when it aligns with our preexisting beliefs and ideologies.

    Greene and Murphy present intriguing experimental evidence that false memories are prevalent and easy to implant. Children and older adults seem especially susceptible to misinformation, but no one is immune, regardless of education or intelligence.

    Reassuringly, perhaps, digital image manipulation and deepfake videos are no more likely to induce false memories than good old-fashioned verbiage. A doctored picture may not be worth a thousand words when it comes to warping memory.

    Memory Lane devotes some time to the “memory wars” of the 1980s and 1990s, when debate raged over the existence of repressed memories. Greene and Murphy argue the now mainstream view that many traumatic memories supposedly recovered in therapy were false memories induced by therapists. Memories for traumatic events are not repressed, they argue, and traumatic memories are neither qualitatively different from other memories, nor stored separately from them.

    Here the science of memory runs contrary to the wildly popular claims of writers such as psychiatrist Bessel van der Kolk, author of the bestseller The Body Keeps the Score.




    Read more:
    The Body Keeps the Score: how a bestselling book helps us understand trauma – but inflates the definition of it


    Psychology researchers Ciara Greene (left) and Gillian Murphy (right) want us to be humbler about our fallible memories.
    Princeton University Press

    Misunderstanding memory

    The authors of Memory Lane contend that we hold memory to unrealistic standards of accuracy, completeness and stability. When people misremember the past or change their recollections, we query their honesty or mental health. When our own memories are hazy, we worry about cognitive decline.

    Greene and Murphy argue that it is in the very nature of memory to be fallible, malleable and limited. This message is heartening, but it does not clarify why we would expect memory to be more capacious, coherent and durable in the first place. Nor does it explain why we persist with this wrongheaded expectation, despite so much evidence to the contrary.

    The authors hint that our mistake might have its roots in dominant metaphors of memory. If we now understand the mind as computer-like, we will see memories as digital traces that sit, silent and unchanging, in a vast storage system.

    “Many of the catastrophic consequences of memory distortion arise not because our individual memories are terrible,” they argue, “but because we have unrealistic expectations about how memory works, treating it as a video camera rather than a reconstruction.”

    In earlier times, when memory was likened to a telephone switchboard or to books or, for the ancient Greeks, to wax tablets, memory errors and erasures may have seemed less surprising and more tolerable.

    These shifting technological analogies, explored historically in Douwe Draaisma’s Metaphors of Memory, may partly account for our extravagant expectations for memory. Expecting silicon chip performance from carbon-based organisms, who evolved to care more about adaptation than truth, would be foolish.

    But there is surely more to this than metaphor. All aspects of our lives are increasingly recorded and datafied, a process that demands objectivity, accuracy and consistency. The recorded facts of the matter determine who should be rewarded, punished and regulated. The bounded and mutable nature of human memory presents a challenge to this digital regime.

    Human memory is also increasingly taxed by the overwhelming and accelerating volume of information that assails us. Our frustration with its limitations reflects the desperate mismatch we feel between human nature and the impersonal systems of data in which we live.

    Greene and Murphy urge us to relax. We should be humbler about our memory, and more realistic and forgiving about the memories of others. We should not be judgemental about the errors and inconsistencies of friends, or overconfident about our own recollections. And we should remember that, although memory is fallible, it is fallible in beneficial ways.

    A person whose memory system always kept an accurate record of our lives would be profoundly impaired, Greene and Murphy argue. Such a person “would struggle to plan for the future, learn from the past, or respond flexibly to unexpected events”. Brimming with insights such as these, Memory Lane offers an informative and readable account of how the apparent weaknesses of human memory may be strengths in disguise.

    Nick Haslam receives funding from the Australian Research Council.

    ref. Our memories are unreliable, limited and suggestible – and it’s a good thing too – https://theconversation.com/our-memories-are-unreliable-limited-and-suggestible-and-its-a-good-thing-too-258682

    MIL OSI Analysis

  • MIL-OSI Analysis: Uganda’s ride-hailing motorbike service promised safety – but drivers are under pressure to speed

    Source: The Conversation – Africa – By Rich Mallett, Research Associate and Independent Researcher, ODI Global

    Motorcycle-taxis are one of the fastest and most convenient ways to get around Uganda’s congested capital, Kampala. But they are also the most dangerous. Though they account for one-third of public transport trips taking place within the city, police reports suggest motorcycles were involved in 80% of all road-crash deaths registered in Kampala in 2023.

    Promising to solve the safety problem while also improving the livelihoods of moto-taxi workers, digital ride-hail platforms emerged a decade ago on the city’s streets. It is no coincidence that Uganda’s ride-hailing pioneer and long-time market leader goes by the name of SafeBoda.

    Conceived in 2014 as a “market-based approach to road safety”, the idea is to give riders a financial incentive to drive safely by making digital moto-taxi work pay better. SafeBoda claimed at the time that motorcyclists who signed up with it would increase their incomes by up to 50% relative to the traditional mode of operation, in which riders park at strategic locations called “stages” and wait for passengers.

    In the years since, the efforts of SafeBoda and its ride-hail competitors to bring safety to the sector have largely been deemed a success. One study carried out in 2017 found that digital riders were more likely to wear a helmet and less likely to drive towards oncoming traffic. Early press coverage was particularly glowing, while recent academic studies continue to cite the Kampala case as evidence that ride-hailing platforms may hold the key to making African moto-taxi sectors a safer place to work and travel.




    Read more:
    Ride-hailing in Lagos: algorithmic impacts and driver resistance


    Is it all as clear-cut as this? In a new paper based on PhD research, I suggest not. Because at its core the ride-hail model – in which riders are classified as independent contractors who do poorly paid “gig work” rather than as wage-earning employees – undermines its own safety ambitions.

    Speed traps

    In my study of Kampala’s vast moto-taxi industry – estimated to employ hundreds of thousands of people – I draw on 112 in-depth interviews and a survey of 370 moto-taxi riders to examine how livelihoods and working conditions have been affected by the arrival of the platforms.

    To date, there has been only limited critical engagement with how this change has played out over the past decade. I wanted to get beneath the big corporate claims and alluring platform promises to understand how riders themselves had experienced the digital “transformation” of their industry, several years after it first began.




    Read more:
    Kenya’s ride-hailing drivers say their jobs offer dignity despite the challenges


    One of the things I found was that, from a safety perspective, the ride-hail model represents a paradox. We can think of it as a kind of “speed trap”.

    On one hand, ride-hail platforms try to moderate moto-taxi speeds and behaviours through managerial techniques. They make helmet use compulsory. They put riders through road safety training before letting them out onto the streets. And they enforce a professional “code of conduct” for riders.

    In some cases, companies also deploy “field agents” to major road intersections around the city. Their task is to monitor the behaviour of riders in company uniform and, should they be spotted breaking the rules, discipline them.

    On the other hand, however, the underlying economic structure of digital ride-hailing pulls transport workers in the opposite direction by systematically depressing trip fares and rewarding speed.

    Under the “gig economy” model used by Uganda’s ride-hail platforms, the livelihood promise hangs not in the offer of a guaranteed wage but in the possibility of higher earnings. Crucially, it is a promise that only materialises if riders are able to reach and maintain a faster, harder work-rate throughout the day – completing enough jobs that pay “little money”, as one rider put it, to make the gig-work deal come good. Or, as summed up by another interviewee:

    We are like stakeholders, I can say that. No basic salary, just commission. So it depends on your speed.

    We already know from existing research that the gig economy places new pressures on transport workers to drive fast and take risky decisions. This is especially the case for workers on low, unsteady pay and without formal safety nets.

    And yet, it is precisely these factors that routinely lead to road traffic accidents. Extensive research from across east Africa has shown that motorcycle crashes are strongly associated with financial pressure and the practices that lead directly from this, such as speeding, working long hours and performing high-risk manoeuvres. All are driven by the need to break even each day in a hyper-competitive informal labour market, with riders compelled to go fast by the raw economics of their work.

    Deepening the pressure

    Ride-hail platforms may not be the reason these circumstances exist in the first place. But the point is that they do not mark a departure from them.

    If anything, my research suggests they may be making things worse. According to the survey data, riders working through the apps make on average 12% higher gross earnings each week relative to their analogue counterparts. This is because the online world gets them more jobs.

    But to stay connected to that world they must shoulder higher operating costs, for: mobile data (to remain logged on); fuel (to perform more trips); the use of helmets and uniforms (which remain company property); and commissions extracted by the platform companies (as much as 15%-20% per trip).

    As soon as these extras are factored in, the difference completely disappears. The digital rider works faster and harder – but for no extra reward.

    Rethinking approaches to safety reform

    Ride-hail platforms were welcomed onto the streets of Kampala as an exciting new solution to unsafe transport, boldly driven by technological innovation and “market-based” thinking.




    Read more:
    Uganda’s speedy motorbike taxis will slow down for cash – if incentives are cleverly designed


    But it is important to remember that these are private enterprises with a clear bottom line: to one day turn a profit. As recent reports and my own thesis show, efforts to reach that point often alienate and ultimately repel the workers on whom these platforms depend – and whose livelihoods and safety standards they claim to be transforming.

    A recent investment evaluation by one of SafeBoda’s first funders perhaps puts it best: it is time to reframe ride-hailing as a “risky vehicle” for safety reform in African cities, rather than a clear road to success.

    Rich received funding for this research from the UK’s Economic and Social Research Council (ESRC).

    ref. Uganda’s ride-hailing motorbike service promised safety – but drivers are under pressure to speed – https://theconversation.com/ugandas-ride-hailing-motorbike-service-promised-safety-but-drivers-are-under-pressure-to-speed-259310

    MIL OSI Analysis

  • MIL-OSI Europe: Press remarks by Commissioner Várhelyi on the EU Life Sciences Strategy

    Source: EuroStat – European Statistics

    European Commission Speech Brussels, 02 Jul 2025 Thank you very much.

    I think what you see today and what you’re going to read is a very clear roadmap, or if you will, a clear expression of a European offer: how to make Europe the global leader in life sciences by 2030.

    Because if you look at all the sectors of our economies, what you will find is that it is the biotech sector and the health sector where Europe has the biggest potential to become or to stay a leader.

    If you look at the Draghi report, it is very clear that this is where Europe needs to up its game and where Europe has the basics to create itself as the hub for innovation and investment in long-term and sustainable healthcare. But for this to happen, we need to do a major overhaul of how we do things and also to use our assets even more strategically. Strategically meaning attracting science, attracting innovation, attracting investments and this way ensuring that our patients will always have the most state-of-the-art healthcare throughout the times to come.

    But for this to happen, we need to do things urgently. Urgently because there is a very clear global race for this. If I want to put it into three major challenges, what we need to achieve is first of all we have a trade challenge.

    This is the sector which is the second biggest exporter from the EU. This is a sector which is contributing very largely to the trade surplus that we are having. And this is the sector which is truly global, and this is the sector which is still leading globally.

    The second challenge is the challenge of investments. How do we create a climate in which we have long-term vision ensured for everyone to invest into these new technologies. New technologies are around the corner we all know and in the healthcare sector this might come even faster than anywhere else.

    We have new therapies emerging by the day. We have completely new combinations of innovations that we have not seen before based on artificial intelligence, European health data space just to name two of the main cornerstones. But for this to be turned into real economic output and also patient outcomes, we need to do an overhaul of the European legislative framework.

    And this is what we have sketched out in a broad term in this paper today. Some of the elements are already on the way.

    The pharma review is already very well advanced. We hope that this will be concluded already this year. And this should already give a very clear and strong signal to the innovators that we want them to stay. And not only that but we want them to invest more because the ground for innovation has been reinforced.

    The second is of course the very important Critical Medicines Act which should act to create the markets on the ground for all innovative products, but which should also create the accessibility for the patients to all these new technologies. And of course, when it comes to talking about the rest of this year, the most important elements we anticipate to come forward with is going to be first of all a full review of the medical devices sector, a Biotech Act and also that should include a revision of the Clinical Trials Regulation.

    And to bring all these innovations into therapies, a very comprehensive European cardiovascular health plan. We do hope that we can achieve all this still this year, and we can put it on the table of the co-legislators because we have no time to lose. So, let’s go one by one.

    The medical devices. The medical devices is an area maybe overlooked by many, but the medical devices area is a backbone of our healthcare system. And it has a huge potential for the development of the healthcare system because we are living in the age when innovators are combining different products that have not been seen before.

    Ozempic is the talk of the town. Ozempic is a pharmaceutical product, but it is marketed together with a medical device. And for this to be authorised it had to be done twice.

    It had to be authorised as a pharmaceutical product, and it had to be authorised as a medical device. Of course, we do not want to compromise on health and safety. We don’t want to compromise on efficacy.

    But we have to make sure that, when we will have medical devices that are also using artificial intelligence, we will be the first and the fastest to authorise them. And we will be the place that these are going to be developed and innovated. So, we need a major overhaul for this sector which is mainly composed of SMEs so that they can really unravel the whole new avenue of medtech innovation.

    This should come still this year. Second big proposal we are trying to make is going to be the Biotech Act. If you ask me, if I want to translate it into everyday language, the Biotech Act should serve two things.

    One is to break the boundaries of innovation. So far we have silos. We have the pharmaceutical sector, we have the medical devices sector, we have the chemical sector, and I can go on with all the interlinked sectors.

    But our goal here is to make innovation easier. And when you have a genuine idea which crosscuts the different sectors that we have you should be able to go much faster and you should be able to go much easier into creating new products in Europe and hopefully manufacturing them also in Europe. But for this to happen, we also need to look into the other field of major international competition which is the clinical trials.

    It is clear that we are challenged in Europe on two main fronts. One is the clinical trials; the other one is the basic life science research where we are losing ground. We are losing ground to competitors like the US and China.

    And Europe has been at the forefront of all this 10 years ago. So, we need to really change our mindset and this starts with a full review of the clinical trials and how to make it more effective and also faster. Also, by using new technologies because there are ways in which we can speed up things by using simply the new technologies.

    We need the therapies to enter the markets much faster and we need also innovation to be translated into patient outcomes much much faster. So, as you know we are now at the stage of consulting the public about the Biotech Act and, if it is up to me, I still want to deliver this this year because again we have no time to lose.

    And finally, on the cardiovascular health plan, this should be the vehicle that brings these new therapies to the patients. Cardiovascular health, I think, is the biggest challenge of Europe currently. We have a comprehensive plan already for cancer but still the single biggest cause of death in Europe is the cardiovascular diseases. And unfortunately, the situation is not improving but actually deteriorating.

    If you look at only the figure related to the young generation, what you see is that the young generation, meaning the under 30s, 40% of them are either obese or having diabetes or both. That means that, 10 years from now, we will have a generation with a condition. A whole generation in the prime of their life having a condition, most probably cardiovascular condition.

    We have to act now, and we have to make it much easier and much faster for them to access new therapies that are personalized, that are also based on predictive medicine, that are changing the realities, and which are creating real personal choices that people can make.

    I think if you look at our little paper you will see a vision, but I want to translate this very fast into action as well.

    Thank you, I am now happy to answer your questions.

    MIL OSI Europe News

  • MIL-OSI Analysis: Virgin by Lorde is a layered work of performance art – her smartest references explained

    Source: The Conversation – UK – By Lillian Hingley, Postdoctoral Researcher in English Literature, University of Oxford

    With her latest album, Virgin, Lorde is stretching the concept of the virgin beyond the common definition. Some may consider the album’s title and its cover art – an X-ray of Lorde’s pelvis showing an IUD – to be contradictory.

    But while Lorde could still be using contraception for purposes beyond birth control, its presence shows that the album doesn’t shy away from discussions of sexual activities and the risk of pregnancy (two themes that are clearly discussed in the track Clearblue).

    As she also shows with her approach to gender in the album’s opening song, Hammer (“Some days, I’m a woman, some days, I’m a man”), Lorde is testing and muddying common dualisms.

    The scientific perspective offered by the album art forces the viewer to look through Lorde’s body, but we are also looking beyond her reproductive organs. Certainly, Lorde sometimes conceptualises virginity as something that can only be given once, as she explains on David.


    Looking for something good? Cut through the noise with a carefully curated selection of the latest releases, live events and exhibitions, straight to your inbox every fortnight, on Fridays. Sign up here.


    In Hammer, her quip “don’t know if it’s love or if it’s ovulation” is a comedic musing on whether an experience is profoundly transcendental or just the product of hormones. But what strikes me is the fact that her concepts and themes are not static or singular.

    This album is exploring the idea of being made, or even remade, through experience. In If She Could See Me Now, Lorde recounts how painful moments “made me a woman”.

    Like French philosopher Simone de Beauvoir’s phrase “one is not born, but rather becomes, a woman”, Lorde is exploring how her body is being changed by what she has been through. As she sings in What Was That?: “I try to let whatever has to pass through me pass through.”

    Again, while she on the one hand describes something moving through her body, she’s also describing an attempt to move through something that has happened to her – turning a passive experience into one of acceptance and action. Here we might think of another notion of virginity: a substance before it is processed. Virginity is part of the experience of being changed, or reborn, into something else.

    This is not to say that Virgin is uninterested in the body. Lorde’s discussion of her eating disorder in Broken Glass is a case in point.

    Lorde as performance artist

    The visuals accompanying Virgin emphasise Lorde’s status as a performance artist. The crescendo of the What Was That video is a spontaneous public performance of Virgin’s first single.

    The music video for What Was That.

    When Lorde released the second single, Man of the Year, she posted on her website:

    TRYING TO MAKE IT SOUND LIKE A FONTANA, LIKE PAINTING BITTEN BY A MAN, LIKE THE NEW YORK EARTH ROOM. THE SOUND OF MY REBIRTH.

    The simile here, or the idea of making music sound “like” visual art, emphasises the tactility of Lorde’s work. Each artistic piece referenced here is concerned with physically intervening into the conventional art gallery set-up.

    Italian artist Lucio Fontana’s Spacial Concept series (1960) included slashed canvases a disruption of the body of the artwork with yonic – in other words, vulva-like – imagery (indeed, it challenges how “damaged” artworks are usually hidden from audiences, waiting to be restored).

    Similarly, American artist Jasper Johns’ Painting Bitten by a Man (1961) is an encaustic painting (derived from the Greek word for “burned in”), which shows off the markings of someone who has bitten into the canvas.

    The video for Man of the Year.

    The music video for Man of the Year is filmed in a room that is filled with dirt. This is a clear nod to American sculptor Walter de Maria’s New York Earth Room (1977). The piece also fills a white room in New York with this unexpected material: earth inside a building, where mushrooms can grow.

    The video for Man of the Year may also be referencing another artwork. Lorde is shown using duct tape to bind her breasts. While this points to Lorde’s exploration of her body and gender identity, the material also recalls Italian artist Maurizio Cattelan’s duct-taped banana artwork, Comedian.

    Offering phallic imagery to Fontana’s yonic imagery, Cattelan’s piece mirrors Lorde’s concern with ontology, or definition. What makes something art?

    Prometheus (Un)bound?

    But just as Lorde is binding herself in new ways, she is unbinding herself in others. In If She Could See Me Now, Lorde declares: “I’m going back to the clay.”

    Here that the album recalls the Prometheus myth: the ancient Greek story that Prometheus fashioned humans out of mud (or clay) and gave his creations fire.

    The closing track, David, offers another ancient allusion, this time about David and Goliath. David – who, as a harpist, is a musician like Lorde – kills the giant man with stones. This reference furthers the song’s discussion of the problem of treating a man, a lover, like a god.

    In David Lorde explores similar themes to Mary Shelley.

    This subtle reference to the killing of Goliath adds another layer to the euphemism for male testicles explored in Shapeshifter: “Do you have the stones?”. Perhaps Virgin is doing what Mary Shelley’s Frankenstein (1818) did with the Prometheus tale: both exploring what happens when a man tries to create and determine the fate of another being, whether nature or nurture make a person, and how a new body can be refashioned from old ones.

    After listening to the entire album, I was struck by how Lorde is exploring different facets of another question: who, exactly, is Lorde? Especially now that she is embracing who she is beyond the yoke of other people – or the demons – that have shaped her? Virgin shows that Lorde now wants to return “to the clay”, or to remake who she is, now that she is unbound by Prometheus.

    This article features references to books that have been included for editorial reasons, and may contain links to bookshop.org. If you click on one of the links and go on to buy something from bookshop.org The Conversation UK may earn a commission.

    Lillian Hingley does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    ref. Virgin by Lorde is a layered work of performance art – her smartest references explained – https://theconversation.com/virgin-by-lorde-is-a-layered-work-of-performance-art-her-smartest-references-explained-260181

    MIL OSI Analysis

  • MIL-OSI Analysis: Your essential guide to climate finance

    Source: The Conversation – UK – By Mark Maslin, Professor of Natural Sciences, UCL

    MEE KO DONG/Shutterstock

    The global ecosystem of climate finance is complex, constantly changing and sometimes hard to understand. But understanding it is critical to demanding a green transition that’s just and fair. That’s why The Conversation has collaborated with climate finance experts to create this user-friendly guide, in partnership with Vogue Business. With definitions and short videos, we’ll add to this glossary as new terms emerge.

    Blue bonds

    Blue bonds are debt instruments designed to finance ocean-related conservation, like protecting coral reefs or sustainable fishing. They’re modelled after green bonds but focus specifically on the health of marine ecosystems – this is a key pillar of climate stability.

    By investing in blue bonds, governments and private investors can fund marine projects that deliver both environmental benefits and long-term financial returns. Seychelles issued the first blue bond in 2018. Now, more are emerging as ocean conservation becomes a greater priority for global sustainability efforts.

    By Narmin Nahidi, assistant professor in finance at the University of Exeter

    Carbon border adjustment mechanism

    Did you know that imported steel could soon face a carbon tax at the EU border? That’s because the carbon border adjustment mechanism is about to shake up the way we trade, produce and price carbon.

    The carbon border adjustment mechanism is a proposed EU policy to put a carbon price on imports like iron, cement, fertiliser, aluminium and electricity. If a product is made in a country with weaker climate policies, the importer must pay the difference between that country’s carbon price and the EU’s. The goal is to avoid “carbon leakage” – when companies relocate to avoid emissions rules and to ensure fair competition on climate action.

    But this mechanism is more than just a tariff tool. It’s a bold attempt to reshape global trade. Countries exporting to the EU may be pushed to adopt greener manufacturing or face higher tariffs.

    The carbon border adjustment mechanism is controversial: some call it climate protectionism, others argue it could incentivise low-carbon innovation worldwide and be vital for achieving climate justice. Many developing nations worry it could penalise them unfairly unless there’s climate finance to support greener transitions.

    Carbon border adjustment mechanism is still evolving, but it’s already forcing companies, investors and governments to rethink emissions accounting, supply chains and competitiveness. It’s a carbon price with global consequences.

    By Narmin Nahidi, assistant professor in finance at the University of Exeter

    Carbon budget

    The Paris agreement aims to limit global warming to 1.5°C above pre-industrial levels by 2030. The carbon budget is the maximum amount of CO₂ emissions allowed, if we want a 67% chance of staying within this limit. The Intergovernmental Panel on Climate Change (IPCC) estimates that the remaining carbon budgets amount to 400 billion tonnes of CO₂ from 2020 onwards.

    Think of the carbon budget as a climate allowance. Once it has been spent, the risk of extreme weather or sea level rise increases sharply. If emissions continue unchecked, the budget will be exhausted within years, risking severe climate consequences. The IPCC sets the global carbon budget based on climate science, and governments use this framework to set national emission targets, climate policies and pathways to net zero emissions.

    By Dongna Zhang, assistant professor in economics and finance, Northumbria University

    Carbon credits

    Carbon credits are like a permit that allow companies to release a certain amount of carbon into the air. One credit usually equals one tonne of CO₂. These credits are issued by the local government or another authorised body and can be bought and sold. Think of it like a budget allowance for pollution. It encourages cuts in carbon emissions each year to stay within those global climate targets.

    The aim is to put a price on carbon to encourage cuts in emissions. If a company reduces its emissions and has leftover credits, it can sell them to another company that is going over its limit. But there are issues. Some argue that carbon credit schemes allow polluters to pay their way out of real change, and not all credits are from trustworthy projects. Although carbon credits can play a role in addressing the climate crisis, they are not a solution on their own.

    By Sankar Sivarajah, professor of circular economy, Kingston University London

    Carbon credits explained.

    Carbon offsetting

    Carbon offsetting is a way for people or organisations to make up for the carbon emissions they are responsible for. For example, if you contribute to emissions by flying, driving or making goods, you can help balance that out by supporting projects that reduce emissions elsewhere. This might include planting trees (which absorb carbon dioxide) or building wind farms to produce renewable energy.

    The idea is that your support helps cancel out the damage you are doing. For example, if your flight creates one tonne of carbon dioxide, you pay to support a project that removes the same amount.

    While this sounds like a win-win, carbon offsetting is not perfect. Some argue that it lets people feel better without really changing their behaviour, a phenomenon sometimes referred to as greenwashing.

    Not all projects are effective or well managed. For instance, some tree planting initiatives might have taken place anyway, even without the offset funding, deeming your contribution inconsequential. Others might plant the non-native trees in areas where they are unlikely to reach their potential in terms of absorbing carbon emissions.

    So, offsetting can help, but it is no magic fix. It works best alongside real efforts to reduce greenhouse gas emissions and encourage low-carbon lifestyles or supply chains.

    By Sankar Sivarajah, professor of circular economy, Kingston University London

    Carbon offsetting explained.

    Carbon tax

    A carbon tax is designed to reduce greenhouse gas emissions by placing a direct price on CO₂ and other greenhouse gases.

    A carbon tax is grounded in the concept of the social cost of carbon. This is an estimate of the economic damage caused by emitting one tonne of CO₂, including climate-related health, infrastructure and ecosystem impacts.

    A carbon tax is typically levied per tonne of CO₂ emitted. The tax can be applied either upstream (on fossil fuel producers) or downstream (on consumers or power generators). This makes carbon-intensive activities more expensive, it incentivises nations, businesses and people to reduce their emissions, while untaxed renewable energy becomes more competitively priced and appealing.

    Carbon tax was first introduced by Finland in 1990. Since then, more than 39 jurisdictions have implemented similar schemes. According to the World Bank, carbon pricing mechanisms (that’s both carbon taxes and emissions trading systems) now cover about 24% of global emissions. The remaining 76% are not priced, mainly due to limited coverage in both sectors and geographical areas, plus persistent fossil fuel subsidies. Expanding coverage would require extending carbon pricing to sectors like agriculture and transport, phasing out fossil fuel subsidies and strengthening international governance.

    What is carbon tax?

    Sweden has one of the world’s highest carbon tax rates and has cut emissions by 33% since 1990 while maintaining economic growth. The policy worked because Sweden started early, applied the tax across many industries and maintained clear, consistent communication that kept the public on board.

    Canada introduced a national carbon tax in 2019. In Canada, most of the revenue from carbon taxes is returned directly to households through annual rebates, making the scheme revenue-neutral for most families. However, despite its economic logic, inflation and rising fuel prices led to public discontent – especially as many citizens were unaware they were receiving rebates.

    Carbon taxes face challenges including political resistance, fairness concerns and low public awareness. Their success depends on clear communication and visible reinvestment of revenues into climate or social goals. A 2025 study that surveyed 40,000 people in 20 countries found that support for carbon taxes increases significantly when revenues are used for environmental infrastructure, rather than returned through tax rebates.

    By Meilan Yan, associate professor and senior lecturer in financial economics, Loughborough University

    Climate resilience

    Floods, wildfires, heatwaves and rising seas are pushing our cities, towns and neighbourhoods to their limits. But there’s a powerful idea that’s helping cities fight back: climate resilience.

    Resilience refers to the ability of a system, such as a city, a community or even an ecosystem – to anticipate, prepare for, respond to and recover from climate-related shocks and stresses.

    Sometimes people say resilience is about bouncing back. But it’s not just about surviving the next storm. It’s about adapting, evolving and thriving in a changing world.

    Resilience means building smarter and better. It means designing homes that stay cool during heatwaves. Roads that don’t wash away in floods. Power grids that don’t fail when the weather turns extreme.

    It’s also about people. A truly resilient city protects its most vulnerable. It ensures that everyone – regardless of income, age or background – can weather the storm.

    And resilience isn’t just reactive. It’s about using science, local knowledge and innovation to reduce a risk before disaster strikes. From restoring wetlands to cool cities and absorb floods, to creating early warning systems for heatwaves, climate resilience is about weaving strength into the very fabric of our cities.

    By Paul O’Hare, senior lecturer in geography and development, Manchester Metropolitan University

    The meaning of climate resilience.

    Climate risk disclosure

    Climate risk disclosure refers to how companies report the risks they face from climate change, such as flood damage, supply chain disruptions or regulatory costs. It includes both physical risks (like storms) and transition risks (like changing laws or consumer preferences).

    Mandatory disclosures, such as those proposed by the UK and EU, aim to make climate-related risks transparent to investors. Done well, these reports can shape capital flows toward more sustainable business models. Done poorly, they become greenwashing tools.

    By Narmin Nahidi, assistant professor in finance at the University of Exeter

    Emissions trading scheme

    An emissions trading scheme is the primary market-based approach for regulating greenhouse gas emissions in many countries, including Australia, Canada, China and Mexico.

    Part of a government’s job is to decide how much of the economy’s carbon emissions it wants to avoid in order to fight climate change. It must put a cap on carbon emissions that economic production is not allowed to surpass. Preferably, the polluters (that’s the manufacturers, fossil fuel companies) should be the ones paying for the cost of climate mitigation.

    Regulators could simply tell all the firms how much they are allowed to emit over the next ten years or so. But giving every firm the same allowance across the board is not cost efficient, because avoiding carbon emissions is much harder for some firms (such as steel producers) than others (such as tax consultants). Since governments cannot know each firm’s specific cost profile either, it can’t customise the allowances. Also, monitoring whether polluters actually abide by their assigned limits is extremely costly.

    An emissions trading scheme cleverly solves this dilemma using the cap-and-trade mechanism. Instead of assigning each polluter a fixed quota and risking inefficiencies, the government issues a large number of tradable permits – each worth, say, a tonne of CO₂-equivalent (CO₂e) – that sum up to the cap. Firms that can cut greenhouse gas emissions relatively cheaply can then trade their surplus permits to those who find it harder – at a price that makes both better off.

    By Mathias Weidinger, environmental economist, University of Oxford

    Emissions trading schemes, explained by climate finance expert Mathias Weidinger.

    Environmental, social and governance (ESG) investing

    ESG investing stands for environmental, social and governance investing. In simple terms, these are a set of standards that investors use to screen a company’s potential investments.

    ESG means choosing to invest in companies that are not only profitable but also responsible. Investors use ESG metrics to assess risks (such as climate liability, labour practices) and align portfolios with sustainability goals by looking at how a company affects our planet and treats its people and communities. While there isn’t one single global body governing ESG, various organisations, ratings agencies and governments all contribute to setting and evolving these metrics.

    For example, investing in a company committed to renewable energy and fair labour practices might be considered “ESG aligned”. Supporters believe ESG helps identify risks and create long-term value. Critics argue it can be vague or used for greenwashing, where companies appear sustainable without real action. ESG works best when paired with transparency and clear data. A barrier is that standards vary, and it’s not always clear what counts as ESG.

    Why do financial companies and institutions care? Issues like climate change and nature loss pose significant risks, affecting company values and the global economy.

    Investing with ESG in mind can help manage these risks and unlock opportunities, with ESG assets projected to reach over US$40 trillion (£30 trillion) by 2030.

    However, gathering reliable ESG information can be difficult. Companies often self-report, and the data isn’t always standardised or up to date. Researchers – including my team at the University of Oxford – are using geospatial data, like satellite imagery and artificial intelligence, to develop global databases for high-impact industries, across all major sectors and geographies, and independently assess environmental and social risks and impacts.

    For instance, we can analyse satellite images of a facility over time to monitor its emissions effect on nature and biodiversity, or assess deforestation linked to a company’s supply chain. This allows us to map supply chains, identify high-impact assets, and detect hidden risks and opportunities in key industries, providing an objective, real-time look at their environmental footprint.

    The goal is for this to improve ESG ratings and provide clearer, more consistent insights for investors. This approach could help us overcome current data limitations to build a more sustainable financial future.

    By Amani Maalouf, senior researcher in spatial finance, University of Oxford

    Environmental, social and governance investing explained.

    Financed emissions

    Financed emissions are the greenhouse gas emissions linked to a bank’s or investor’s lending and investment portfolio, rather than their own operations. For example, a bank that funds a coal mine or invests in fossil fuels is indirectly responsible for the carbon those activities produce.

    Measuring financed emissions helps reveal the real climate impact of financial institutions not just their office energy use. It’s a cornerstone of climate accountability in finance and is becoming essential under net zero pledges.

    By Narmin Nahidi, assistant professor in finance at the University of Exeter

    Green bonds

    Green bonds are loans issued to fund environmentally beneficial projects, such as energy-efficient buildings or clean transportation. Investors choose them to support climate solutions while earning returns.

    Green bonds are a major tool to finance the shift to a low-carbon economy by directing finance toward climate solutions. As climate costs rise, green bonds could help close the funding gap while ensuring transparency and accountability.

    Green bonds are required to ensure funds are spent as promised. For instance, imagine a city wants to upgrade its public transportation by adding electric buses to reduce pollution. Instead of raising taxes or slashing other budgets, the city can issue green bonds to raise the necessary capital. Investors buy the bonds, the city gets the funding, and the environment benefits from cleaner air and fewer emissions.

    The growing participation of government issuers has improved the transparency and reliability of these investments. The green bond market has grown rapidly in recent years. According to the Bank for International Settlements, the green bond market reached US$2.9 trillion (£2.1 trillion) in 2024 – nearly six times larger than in 2018. At the same time, annual issuance (the total value of green bonds issued in a year) hit US$700 billion, highlighting the increasing role of green finance in tackling climate change.

    By Dongna Zhang, assistant professor in economics and finance, Northumbria University

    Just transition

    Just transition is the process of moving to a low-carbon society that is environmentally sustainable and socially inclusive. In a broad sense, a just transition means focusing on creating a more fair and equal society.

    Just transition has existed as a concept since the 1970s. It was originally applied to the green energy transition, protecting workers in the fossil fuel industry as we move towards more sustainable alternatives.

    These days, it has so many overlapping issues of justice hidden within it, so the concept is hard to define. Even at the level of UN climate negotiations, global leaders struggle to agree on what a just transition means.

    The big battle is between developed countries, who want a very restrictive definition around jobs and skills, and developing countries, who are looking for a much more holistic approach that considers wider system change and includes considerations around human rights, Indigenous people and creating an overall fairer global society.

    A just transition is essentially about imagining a future where we have moved beyond fossil fuels and society works better for everyone – but that can look very different in a European city compared to a rural setting in south-east Asia.

    For example, in a British city it might mean fewer cars and better public transport. In a rural setting, it might mean new ways of growing crops that are more sustainable, and building homes that are heatwave resistant.

    By Alix Dietzel, climate justice and climate policy expert, University of Bristol

    The meaning of just transition.

    Loss and damage

    A global loss and damage fund was agreed by nations at the UN climate summit (Cop27) in 2022. This means that the rich countries of the world put money into a fund that the least developed countries can then call upon when they have a climate emergency.

    The World Bank has agreed to run the loss and damage fund but they are charging significant fees for doing so.

    At the moment, the loss and damage fund is made up of relatively small pots of money. Much more will be needed to provide relief to those who need it most now and in the future.

    By Mark Maslin, professor of earth system science, UCL

    Mark Maslin explains loss and damage.

    Mitigation v adaptation

    Mitigation means cutting greenhouse gas emissions to slow climate change. Adaptation means adjusting to its effects, like building sea walls or growing heat-resistant crops. Both are essential: mitigation tackles the cause, while adaptation tackles the symptoms.

    Globally, most funding goes to mitigation, but vulnerable communities often need adaptation support most. Balancing the two is a major challenge in climate policy, especially for developing countries facing immediate climate threats.

    By Narmin Nahidi, assistant professor in finance at the University of Exeter

    Nationally determined contributions

    Nationally determined contributions (NDCs) are at the heart of the Paris agreement, the global effort to collectively combat climate change. NDCs are individual climate action plans created by each country. These targets and strategies outline how a country will reduce its greenhouse gas emissions and adapt to climate change.

    Each nation sets its own goals based on its own circumstances and capabilities – there’s no standard NDC. These plans should be updated every five years and countries are encouraged to gradually increase their climate ambitions over time.

    The aim is for NDCs to drive real action by guiding policies, attracting investment and inspiring innovation in clean technologies. But current NDCs fall short of the Paris agreement goals and many countries struggle to turn their plans into a reality. NDCs also vary widely in scope and detail so it’s hard to compare efforts across the board. Stronger international collaboration and greater accountability will be crucial.

    By Doug Specht, reader in cultural geography and communication, University of Westminster

    Doug Specht explains nationally determined contributions.

    Natural capital

    Fashion depends on water, soil and biodiversity – all natural capital. And forward-thinking designers are now asking: how do we create rather than deplete, how do we restore rather than extract?

    Natural capital is the value assigned to the stock of forests, soils, oceans and even minerals such as lithium. It sustains every part of our economy. It’s the bees that pollinate our crops. It’s the wetlands that filter our water and it’s the trees that store carbon and cool our cities.

    If we fail to value nature properly, we risk losing it. But if we succeed, we unlock a future that is not only sustainable but also truly regenerative.

    My team at the University of Oxford is developing tools to integrate nature into national balance sheets, advising governments on biodiversity, and we’re helping industries from fashion to finance embed nature into their decision making.

    Natural capital, explained by a climate finance expert.

    By Mette Morsing, professor of business sustainability and director of the Smith School of Enterprise and the Environment, University of Oxford

    Net zero

    Reaching net zero means reducing the amount of additional greenhouse gas emissions that accumulate in the atmosphere to zero. This concept was popularised by the Paris agreement, a landmark deal that was agreed at the UN climate summit (Cop21) in 2015 to limit the impact of greenhouse gas emissions.

    There are some emissions, from farming and aviation for example, that will be very difficult, if not impossible, to reach absolute zero. Hence, the “net”. This allows people, businesses and countries to find ways to suck greenhouse gas emissions out of the atmosphere, effectively cancelling out emissions while trying to reduce them. This can include reforestation, rewilding, direct air capture and carbon capture and storage. The goal is to reach net zero: the point at which no extra greenhouse gases accumulate in Earth’s atmosphere.

    By Mark Maslin, professor of earth system science, UCL

    Mark Maslin explains net zero.

    For more expert explainer videos, visit The Conversation’s quick climate dictionary playlist here on YouTube.

    Mark Maslin is Pro-Vice Provost of the UCL Climate Crisis Grand Challenge and Founding Director of the UCL Centre for Sustainable Aviation. He was co-director of the London NERC Doctoral Training Partnership and is a member of the Climate Crisis Advisory Group. He is an advisor to Sheep Included Ltd, Lansons, NetZeroNow and has advised the UK Parliament. He has received grant funding from the NERC, EPSRC, ESRC, DFG, Royal Society, DIFD, BEIS, DECC, FCO, Innovate UK, Carbon Trust, UK Space Agency, European Space Agency, Research England, Wellcome Trust, Leverhulme Trust, CIFF, Sprint2020, and British Council. He has received funding from the BBC, Lancet, Laithwaites, Seventh Generation, Channel 4, JLT Re, WWF, Hermes, CAFOD, HP and Royal Institute of Chartered Surveyors.

    Amani Maalouf receives funding from IKEA Foundation and UK Research and Innovation (NE/V017756/1).

    Narmin Nahidi is affiliated with several academic associations, including the Financial Management Association (FMA), British Accounting and Finance Association (BAFA), American Finance Association (AFA), and the Chartered Association of Business Schools (CMBE). These affiliations do not influence the content of this article.

    Paul O’Hare receives funding from the UK’s Natural Environment Research Council (NERC). Award reference NE/V010174/1.

    Alix Dietzel, Dongna Zhang, Doug Specht, Mathias Weidinger, Meilan Yan, and Sankar Sivarajah 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. Your essential guide to climate finance – https://theconversation.com/your-essential-guide-to-climate-finance-256358

    MIL OSI Analysis

  • MIL-OSI Russia: What events will take place as part of “Summer in Moscow” in the coming days

    Translation. Region: Russian Federal

    Source: Moscow Government – Government of Moscow –

    A performance at the rollerdrome, water painting, evening readings and Moscow Sports Day – this and much more awaits guests of the Summer in Moscow project this week. We tell you where to spend time usefully and what to do at city venues from July 4 to 6.

    Rock, Paper, Scissors and Beauty Trucks

    A large-scale championship is taking place at city venues “Rock, Paper, Scissors”. Every day, children and adults can compete on Tverskoy Boulevard and in the west of the capital. On July 4, participants are expected on Aviatorov Street (building 5), and on July 5 – on Bolshaya Filevskaya Street (building 9) in the Fili Children’s Park. The sites will be open from 15:00 to 20:00.

    The final of the competition in the Western Administrative District will take place on July 6 at the address: Michurinsky Prospekt, Olympic Village, Building 4. Participation is free, registration is not required.

    From July 4 to 6, there will be a service for city residents Summer Club “Moscow”on Tverskoy Boulevard. There will be two pop-up stores with domestic clothing and jewelry brands and three beauty trucks. Gifts, surprises, raffles and master classes have been prepared for guests.

    Family Etiquette Rules and Lectures on Trends

    The department store of Russian designers “Leto” on Revolution Square will also tell about care, beauty and fashion. Everyone will be able not only to try on clothes they like and update their wardrobe, but also to listen to lectures, take part in master classes and even watch performances.

    On July 5 from 13:00 to 14:30 there will be a lecture “How Unusual 19th Century Trends Were Transformed into Tableware”. From asparagus tongs to mustache cups”, it will be read by the collector of antique and vintage tableware, founder of the cultural space Ekaterina Maslova. And at 15:00 she will hold a master class “Summer table setting using antique tableware”. Admission is free.

    A lecture will be held on July 6 at 15:00 “Rules of Family Etiquette: From Home Improvement to Table Setting”. It will be conducted by etiquette expert Yulia Ryabukhina. The master class will be held at 17:00 “Summer bookmark using herbarium technique”, and at 19:00 guests are invited to watch a mini-performance “Dandelion Wine”. Free admission.

    Salsa, bachata and 3D applique

    Open dance master classes for the whole family will be held on Chistoprudny Boulevard. On weekends, there will also be a children’s and youth tournament “Summer in Moscow. Dances”, where anyone can become a spectator.

    July 4 at 18:00 on the big stage Chistoprudny Boulevarda master class of the dance school “TanzBaza” will take place, and an hour later you can learn bachata there. On the middle stage at 19:00 they will teach salsa. On July 5 from 12:00 to 18:00 on the big stage of Chistoprudny Boulevard there will be a qualifying round of children’s dance competitions, and at 19:00 guests are invited to a master class in modern swing. At the same time, you can learn salsa on the middle stage.

    On July 6 at 19:00 on the big stage there will be a master class “Salsa Casino”, dance lessons will also be held on the middle stage at 17:00 and at 19:00. Admission is free.

    And in art studio on Strastnoy Boulevard In the coming days, they will teach drawing. On July 4 at 15:00 and 19:00, there will be lessons on creating a painting using the dot mosaic technique, at 16:00 — an interior panel using the pebble mosaic technique, at 17:00 — a three-dimensional painting using the 3D applique technique, at 18:00 — paintings in a geometric style.

    On July 5 at 14:00 there will be a master class “Bright Colors” on drawing in a geometric style, at 15:00 – “Gems” on 3D applique, at 16:00 and 19:00 you can depict a summer day using the dot mosaic technique, and at 17:00 – a blooming garden using the pebble mosaic technique. The duration of each lesson is 45 minutes. Guests over five years old are invited to participate. Admission is free.

    Day and Night of Moscow Sports

    On July 5, Muscovites will experience large-scale sports events. From 11:00 to 21:00, the event will take place “Moscow Sports Day”, and from 20:00 to 23:00 – “Moscow Sports Night”.

    The Luzhniki Olympic Complex will feature more than 20 themed zones. There will be demonstration performances, master classes, tournaments, as well as a mass stretching training session conducted by two-time bronze medalist of the World Gymnastics Championships Samira Mustafayeva. Throughout the festival, a concert with performances by famous artists will be held on the main stage.

    After 8:00 pm, the celebration will continue on the streets of the capital. The “Moscow Sports Night” will cover many venues in the central part of the city. 60 cycling machines will be installed on Pushkinskaya Square, where mass training sessions will take place accompanied by DJ sets. Flash tournaments and streetball master classes for festival visitors will be held on Tverskaya Street (near the Izvestia newspaper building). In Klimentovsky Lane, there will be an area with a ramp and a pump track for scooter and skateboard riding for children and adults.

    On Pyatnitskaya Street you can see demonstration performances of rope skipping. Myasnitskaya Street (the square near the Et Cetera Theatre) will become the center of table tennis, where every visitor will be able to participate or watch the competitions.

    In addition, a breakdance area will open on Arbat, where team and individual competitions will take place, as well as demonstration performances by professionals. On Nikolskaya Street, everyone will be able to play table football and hockey, and on Bolshaya Nikitskaya Street (the square near the TASS building) they will be able to try to assemble a puzzle for speed.

    Admission is free, but some events may require a membership. pre-registration.

    Bouquet of dried flowers, cycle and disco with DJs

    An interesting program has also been prepared at the Green Market of the Made in Moscow project on Bolotnaya Square. On July 5 from 13:00 to 18:00 you can learn how to weave for free decorative napkin.

    There is also a festival taking place on Bolotnaya Square “Youth Point”. Its program includes the event “The Path to Yourself”, dedicated to psychology. It will be held at the “Sport” site from 15:00 to 17:30. In addition, from 14:30 to 17:30 at the “Development” site there will be a master class on creating a memorable photo with floral inserts. At 18:00 there will be a creative painting lesson, where participants will learn to draw pictures on wooden blanks.

    At the “Creative” site, from 2:30 pm to 5:30 pm, there will be a master class on creating bouquets of dried flowers, and at 6:00 pm you can join a class on customizing T-shirts.

    Events will also take place at the rollerdrome. At 13:00, you are invited to cycle — a class on exercise bikes. And at 14:00, everyone is welcome to a dance workout on the veranda. From 16:00 to 20:00, you can join mini-dates.

    Free skating will be organized at the rollerdrome from 10:00 to 11:45, and from 15:00 to 20:10 the performances “Memory Diary” by the ice theater team under the direction of Petr Chernyshev and Tatyana Navka will be shown. At 20:00 a disco with DJs will begin.

    On July 6 from 13:00 to 16:00 in the “Green Market” they will be painting candles and plaster products, and at 17:00 you can try to cook perfumed body scrub.

    On the same day, at the Youth Point festival in the Sport hub at 14:30, a miniature city beach festival called Express Moscow-Summer will be held. Guests will make a frame in a marine style, take part in a Zumba workout, play beach games, sing hits in karaoke and relax in the chill zone.

    From 15:00 to 17:00, the Development hub will host an event that will show the contrast between old and modern Moscow. At 18:00, a master class on painting using the ebru technique will begin. Anyone who wants to will be able to try making drawings on water.

    At the “Creative” site, at 15:00, there will be a master class on creating jewelry from beads, and at 18:00, a lesson on customizing shoppers.

    There will be free skating at the rollerdrome from 10:00 to 11:45, and from 15:00 to 20:10 the play “The Notebook of Memory” will also be shown.

    Yoga, ping pong and meeting tailed creatures

    On July 5 and 6, the Bauman Garden will host a traditional charity festival to mark Family, Love and Fidelity Day “City of the caring”Guests of all ages are invited to participate.

    From 11:00 to 18:00, more than 170 cats and dogs from Moscow shelters will be waiting for visitors at the Fluffy Friend site. All of them are vaccinated and ready to go to a new family.

    Those who wish can help the furry wards of the capital’s non-profit organizations by making a donation using charity service on the mos.ru portal. In addition, you can give pets food. It will be sent to shelters after the festival. Those who already have animals will be able to take memorable photos in the photo zone or get advice from a groomer and veterinarian. And more than 20 creative master classes await guests.

    An extensive program with dances, acrobatic stunts and tricks, animal shows and DJ sets will unfold on the stage. Guests will watch cartoons and films in the summer cinema, and take part in meetings with celebrities. On July 5 at 2:00 pm, actress and participant of the show “Women’s Stand-up” Maria Markova will talk about the importance of conscious charity, and on July 6 at the same time, singer Suzanne Varnina will pick up the baton of kindness.

    On July 5 at 15:00 there will be a show with cats, and on July 6 at 15:00 — a show with dogs. At 16:00 guests will be treated to an acrobatic show and magic tricks. Both days at 19:00 an evening of live music will begin. Festival guests will also be able to play badminton, ping-pong and do yoga. More details — at link.

    A performance about love and a lecture about cinema

    The Moskino cinema park also invites you to spend time usefully. On July 5 at 14:00 and 18:00, the Gonzaga Theatre will show the play “Isadora”The production will tell a story about love, poetry, passion and dance, based on the relationship between Sergei Yesenin and Isadora Duncan.

    On July 5 at 15:00 there will be lecture Director of the Theatre of Young Muscovites Andrey Zadubrovsky. He will talk about the interaction of actors on the set and their transformation into characters, and share his professional experience.

    On July 6, concerts will be held at the Gonzaga Theatre at 12:00, 16:30 and 19:00 quartet “Tomorrow”. The artists will perform songs based on the poems of Sergei Yesenin. The musicians will play electric and acoustic guitars and cajon.

    At 15:00 on the same day with lecture Irina Glebova, Dean of the Production Department of the Institute of Cinema and Television of the Russian Institute of Television and Radio Broadcasting, will speak to guests. She will talk about casting actors for the roles of historical characters and immersion in different eras during filming. The visit is included in the price entrance ticket to the cinema park.

    Rock Ballads and Open Mic

    This summer, you can listen to music in the capital’s parks. A symphony orchestra will play for guests, and singers will perform opera arias. Concerts will be held on July 4 at 19:00 in Pokrovsky Bereg Park, on July 5 at 19:00 in 50th Anniversary of October Park, and on July 6 at 19:00 in the Kolomenskoye Museum-Reserve.

    You can also listen to live music on July 4 from 19:00 to 20:30 in Raduga Park and on July 5 from 19:30 to 21:00 in Tagansky Park. Listeners will hear various compositions from jazz improvisations to rock ballads and electronic experiments.

    Concerts will also be held in the amphitheater of the Polytech Museum Park. On July 5 at 8:00 PM, the Fire Granny group will perform there. And at 8:00 PM, the Territory.Kids festival will take place.

    The State Darwin Museum also invites you to immerse yourself in the world of music. On July 5, from 10:30 to 16:00, guests will enjoy a program dedicated to Family, Love and Fidelity Day. Master classes, games and author’s excursions have been prepared for the guests. And if the weather permits, the roof of the museum will be transformed into an improvised concert venue. In the open microphone format, anyone can read poems about love or perform a song.

    Evening readings and chess

    Citizens are also invited to the project’s events. “Book in the City”. Thus, on July 5 at 16:00 on the site near the Vitali fountain there will be evening readings with the participation of theater and film actor Ivan Stebunov. And on Sretensky Boulevard at 17:00 the actor of the theater “Modern” and master of artistic words Alexey Bagdasarov will perform for the guests. He will read stories by Viktor Dragunsky from the collection “The Magic Power of Art”. Admission is free.

    On July 6 from 12:00 to 16:00 on Chistoprudny Boulevard the tournament “Heroes of the Chessboard. Moscow” will be held. The competition has become part of the program “Summer in Moscow” and is held with the support of the Department of Trade and Services of the City of Moscow, the Chess Federation of Russia and the Russian Military Historical Society as part of the project “The country helped chess, chess helped the country”.

    The tournament continues the tradition of mass intellectual competitions in the capital. This year, both beginners and titled chess players are taking part.

    The leaders of the qualifying games will fight for a place in the final, where the strongest will compete for the main prize. To participate, you will need pre-registration.

    Zumba, fitrock and circus divertissements

    On July 6, in the picturesque areas of the recreation areas near the water bodies, you can attend classes of the project “Summer. Beach. Moscow Sport” in yoga, stretching, zumba, fitrock and functional training. Join classescan be found in the recreation areas “Levoberezh’ye”, “Troparevo” and “Beloe Ozero”, in Serebryany Bor (beach No. 3), as well as on Shkolnoye Lake (Zelenograd) and in “Strogino Wake Park”.

    At 11:00 in Meshchersky Park there will be a fitrock class, and at 14:00 they invite you to a functional training. At 11:00 in the Levoberezhye recreation area there will be a stretching training session, and at 14:00 — a zumba training session. At 11:00 in the Troparevo recreation area there will be a functional training session, and at 14:00 — yoga on the beach. Near Shkolnoye Lake at 11:00 visitors will have a yoga session, and at 14:00 — a functional training session. At 11:00 in the Beloye Ozero recreation area there will be a yoga training session on the beach, and at 14:00 guests are invited to zumba.

    At 11:00 a stretching training session will be held at the Strogino Wake Park site, and at 14:00 visitors will enjoy a yoga session on the beach. Guests of Serebryany Bor are invited to yoga at 11:00 a.m., and to functional training at 2:00 p.m.

    And on July 4 at 19:00, July 5 and 6 at 14:00 and 18:00 in the park “Yuzhnoye Butovo”, Izmailovsky Park and Moskino cinema park circus divertissements have been prepared for guests. The program includes a show with the participation of artists of the Great Moscow Circus. You can buy a ticket at website.

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

    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.

    Please Note; This Information is Raw Content Directly from the Information Source. It is access to What the Source Is Stating and Does Not Reflect

    https: //vv.mos.ru/nevs/ite/156220073/

    MIL OSI Russia News

  • MIL-OSI Europe: Poland: EIB Group backs car platform VEHIS to boost SME financing, inclusion and green mobility

    Source: European Investment Bank

    Vehis

    • VEHIS commits to originate PLN 2.6 billion of auto leases for the benefit of Polish SMEs.
    • The new lending is enabled by a cash securitisation whereby VEHIS obtains funding from EIB and from an external investor backed by EIF.
    • The operation will support financing of low carbon road vehicles and financing of women-led businesses, and contribute to regional development and economic inclusion across Poland.

    The European Investment Bank (EIB) Group is joining forces with Polish car platform VEHIS to expand access to financing for a range of businesses in Poland. The EIB Group, which also includes the European Investment Fund (EIF), will back auto leases by VEHIS so that the company can boost lending to Polish small and medium-sized enterprises (SMEs) and Mid-Caps.

    The operation will contribute to regional development and economic inclusion across Poland. It will further support gender equality and the green transition through targeted financing for women-led businesses and electric vehicles.

    Under the agreement, the EIB will invest PLN 637 million (€150 million) in notes backed by auto leases originated by VEHIS, and the EIF will provide guarantees to a third-party, enabling it to purchase notes for an amount of similar size. The operation aims to generate a new portfolio of SME and Mid-Cap leases totalling PLN 2.6 billion.

    At least 30% of the new car financing by VEHIS will go to women-led businesses and at least 10% will support climate action including electric-vehicle leasing.

    “This transaction is a great example of how we can use capital markets tools to deliver real impact for small businesses,” said Marjut Falkstedt, Chief Executive of the EIF. “By working with VEHIS, we’re helping to channel funding where it’s needed most — to entrepreneurs driving innovation, inclusion and sustainability across Poland.”

    Under the accord, the EIB’s investment will be in the senior class notes of a securitisation of VEHIS auto leases and the EIF guarantees will enable the third party to invest in the senior class and mezzanine class notes of the same transaction.

    “Together with the EIB and EIF, we are carrying out the first securitization of a portfolio built under warehouse financing in the history of the Polish market. This is a unique moment of appreciation for us by leading European financial institutions and another important step that will allow us to continue our dynamic growth. Thanks to the cooperation, we will be able to continue active SME financing, including supporting women-led businesses, as well as financing low-emission cars,” said Jan Bujak, CFO of VEHIS.

    The operation will also contribute to regional development in Poland by enabling VEHIS to reach more entrepreneurs in underserved market segments and in areas where per capita income is below the European Union average.

    “Supporting SMEs is at the heart of what we do at the EIB Group,” commented Teresa Czerwińska, Vice-President of the EIB. “This partnership with VEHIS will not only help businesses grow but also promote gender equality and accelerate the shift to cleaner transport. It’s a smart, targeted investment in Poland’s future.”

    Technical note on the securitisation transaction

    The transaction is structured as a cash securitisation of a granular portfolio of performing auto leases originated by VEHIS and sold to a securitisation special purpose entity (Issuer). EIB purchases class A1 notes issued by the Issuer. EIF simultaneously, through bilateral financial guarantees agreed with an institutional investor, takes exposure to class A2 notes (ranking pari passu with the mentioned class A1 notes) and to class B notes (characterised by higher credit risk compared to the class A1 and class A2 notes) issued by the Issuer. VEHIS effectively retains credit exposure to the securitised lease exposures by purchasing and retaining the most junior notes (characterised by higher credit risk than the class A and class B notes) issued by the Issuer. The notes and the securitised exposures pay floating interest and are denominated in polish zloty.

    The reference portfolio consists of more than 9,000 leases, 100% secured by light vehicles and with c. 90% of lessees in the form of SMEs. The transaction is non-revolving and includes standard credit enhancement features such as subordination, excess spread, use of a cash reserve and a principal deficiency ledger.

    Background information

    About EIB Group
    The European Investment Bank (ElB) is the long-term lending institution of the European Union, owned by its Member States. Built around eight core priorities, we finance investments that contribute to EU policy objectives by bolstering climate action and the environment, digitalisation and technological innovation, security and defence, cohesion, agriculture and bioeconomy, social infrastructure, the capital markets union, and a stronger Europe in a more peaceful and prosperous world.  

    The EIB Group, which also includes the European Investment Fund (EIF), signed nearly €89 billion in new financing for over 900 high-impact projects in 2024, boosting Europe’s competitiveness and security.

    The Group’s latest Investment Survey (EIBIS) showed Poland fares better than European Union peers when it comes to gender equality in business management.

    To enhance the positive impact of its activities on gender equality and empower women and girls, the EIB Group has embedded gender equality goals into its business model through a dedicated Strategy on Gender Equality and Women’s Economic Empowerment and a Gender Action Plan. These guide its lending, blending, and advisory work both within and outside the European Union. In 2024, EIB financing for gender equality represented more than €3 billion across over 40 projects. The EIB also applies global gender-lens investing criteria (“2X”) and is committed to promoting gender equality in the workplace. You can find more information here on the EIB gender equality initiatives.

    About VEHIS

    VEHIS is a car platform that allows customers to select and purchase a vehicle along with the relevant financing options. The offer encompasses all car brands available on the Polish market from key dealers, along with financing options in the form of leasing.

    VEHIS provides full support throughout the period of vehicle use, including a special insurance package, GPS monitoring and service support for the car, as well as handling traffic damage claims.

    VEHIS advisors working in 18 VEHIS branches across Poland support customers in choosing a car, its financing and insurance. The entire process can be completed online through the website or with the remote assistance of an advisor.

    The platform offers a selection of over 10,000 cars at competitive prices from 200 dealers. These offers are updated almost in real time, thanks to IT tools developed by VEHIS.

    VEHIS’ strategic investor is Enterprise Investors, one of the oldest and largest private equity firms in Central and Eastern Europe.

    MIL OSI Europe News

  • MIL-OSI: BloFin WOW (War of Whales) 2025 Grand Prix Opens Registration for $4.2M Trading Championship and Tesla Cybertruck Prize

    Source: GlobeNewswire (MIL-OSI)

    ROAD TOWN, Virgin Islands, July 03, 2025 (GLOBE NEWSWIRE) — BloFin, a leading global cryptocurrency exchange, has officially launched registration for its blockbuster trading competition: the WOW(War of Whales) 2025 Grand Prix.

    With an extraordinary total prize pool of up to $4,200,000 USDT, exclusive giveaways including a Tesla Cybertruck, and four exciting competition formats, WOW 2025 is set to become one of the most dynamic trading events of the year for crypto traders worldwide.

    Four Thrilling Competition Formats, One Epic Trading Season

    This year’s WOW Grand Prix offers participants four engaging ways to compete and win big:

    • Trading Competition (Futures)
    • Treasure Box Prize Hunt
    • Lucky Spin Draw
    • Grand Lotto Giveaway

    From June 26 to July 15, traders can join team battles, climb individual leaderboards, unlock random rewards, and spin their way toward exclusive prizes — creating a truly immersive trading experience.

    A Record-Breaking $4.2 Million Prize Pool

    The WOW 2025 prize pool scales with total trading volume milestones, starting at $35,000 USDT and expanding to a massive $4,200,000 USDT. The more participants trade, the larger the total prize pool becomes for the community.

    Prize Distribution Highlights:

    • Team Competition (by Trading Volume): 40%
    • Team Competition (by PNL %): 20%
    • Individual Competition (by Trading Volume): 25%
    • Individual Competition (by PNL %): 15%

    Additional top-tier rewards include:

    • A Tesla Cybertruck for the top-performing team
    • Luxury giveaways for individual champions

    As part of this year’s event, BloFin is also unveiling the exclusive WOW (War of Whales) 2025 PNL Card — a distinctive digital emblem crafted for elite competitors. Inspired by the cyber-themed aesthetic of the WOW Grand Prix, this limited-edition PNL Card serves as a personalized record of each trader’s performance throughout the competition. Participants can proudly display their achievements, track their battle stats, and share their milestones within the crypto trading community. 

    Registration Now Open

    Registration runs from June 20 to July 15, 2025 (UTC). Team leaders can create squads and users are encouraged to join early to maximize their competitive edge.

    About BloFin

    BloFin is a top-tier cryptocurrency exchange that specializes in futures trading. The platform offers 480+ USDT-M perpetual pairs, Coin-Margined Perpetual Contracts, spot trading, copy trading, API access, unified account management, and advanced sub-account solutions. Committed to security and compliance, BloFin integrates Fireblocks and Chainalysis to ensure robust asset protection. By partnering with top affiliates, BloFin delivers scalable trading solutions, efficient fund management, and enhanced flexibility for professional traders. As the constant sponsor of TOKEN2049, BloFin continues to expand its global presence, reinforcing its position as the place “WHERE WHALES ARE MADE.” For more information, visit BloFin’s official website at https://www.blofin.com.

    Contact:
    Annio W.
    annio@blofin.io

    Disclaimer: This content is provided by BloFin. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility. Globenewswire does not endorse any content on this page.

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    Photos accompanying this announcement are available at:

    https://www.globenewswire.com/NewsRoom/AttachmentNg/6f1d3df0-c999-4383-b253-adc3b41cd53c

    https://www.globenewswire.com/NewsRoom/AttachmentNg/6721db42-3c91-41ce-aaa1-7437441eff8b

    The MIL Network

  • MIL-OSI: Tribal Loans Online For Bad Credit Guaranteed Approval No Credit Check Direct Lenders From Upper Lake Lending

    Source: GlobeNewswire (MIL-OSI)

    New York City, NY, July 03, 2025 (GLOBE NEWSWIRE) — Tribal loans online provide financial aid to those who need urgent cash to fulfill their emergent needs. Now there is no need to beg your relatives and friends for cash when you need finance for those emergencies. Upper Lake Lending is pleased to launch its tribal loan matching service designed for such needs. The majority of people are not willing to go for any loan due to their poor credit records. Such people think that no one will ever provide a loan to them. But now the time has changed. With the competition in the market, tribal lenders with guaranteed approval from Upper Lake Lending are coming up with newer and newer ways of borrowing money. No credit check tribal cash advance is a right choice for them. These advances can be utilized to clear off numerous expenses such as vehicle repair expenses, home renovation expenses, power bills, medical bills, schooling fees, and holiday tours.

    Official website: Upper Lake Lending

    Application page: Upper Lake Lending Tribal Loans Application Page

    Benefits Of No Credit Check Tribal Loans From Direct Lenders

    No credit check tribal loans, as the name suggests, are small instant cash loans which are approved without any credit verification. These are very quick to borrow money loans. As a borrower you may get the cash loan approved via the internet too. It is the fastest and the most suitable way to borrow money. Here you have to just fill in an application form available on the Upper Lake Lending website with all your details and once the form is filled, the remaining process will not take much of your time to get completed.

    These tribal payday loans are offered in both secured as well as unsecured ways. In the first case, you may get the cash approved without any collateral. On the other hand, there is no such need in unsecured loans but they are generally offered at slightly higher rates of interest. This is because of the risk the direct tribal lender is bearing in granting you a loan without any security.

    But seeing all other features of these tribal installment loans, this limitation may be ignored. You may also go for market research and can select the best direct tribal lender for the personal loan without any hassle. These all features give such loans an edge over other types of loans.

    Below, we explore the various benefits associated with no credit check tribal loans.

    Accessibility for All Borrowers

    One of the primary advantages of bad credit tribal loans is their accessibility. Traditional lenders often rely heavily on credit scores to determine eligibility. In contrast, no credit check tribal lenders cater to a broader audience, including:

    1. Individuals with Low Credit Scores: Those who have faced financial difficulties in the past may find it challenging to obtain loans through conventional means.
    2. Borrowers with Limited Credit History: Young adults or newcomers to the credit system may not have enough credit history to qualify for standard loans.

    This inclusivity of tribal loans allows more people to access the funds they need, regardless of their credit background.

    Quick Approval Process

    Another significant benefit of guaranteed tribal loans is the expedited approval process. Since tribal lenders do not conduct a thorough review of credit histories, borrowers can often receive approval within a short timeframe. This rapid response is particularly advantageous for those facing urgent financial needs, such as:

    • Medical Emergencies: Unexpected medical expenses can arise, and quick access to funds can alleviate stress.
    • Car Repairs: A sudden vehicle breakdown may require immediate financial attention.

    Tribal loans with no credit check is the perfect solution for such urgent needs.

    Minimal Impact on Credit Score

    Applying for a traditional loan typically involves a hard credit inquiry, which can temporarily lower a borrower’s credit score. No credit check tribal payday loans, however, do not require such inquiries, allowing individuals to apply without the fear of damaging their credit further. This aspect is particularly appealing for those who are actively working to improve their credit scores.

    Flexibility in Loan Amounts

    Bad credit tribal loans with no credit check often provide flexibility in terms of loan amounts. Borrowers can typically choose from a range of options that suit their specific financial needs. This flexibility can be beneficial for various situations, such as:

    • Small Personal Expenses: Individuals may need a small amount for personal projects or emergencies.
    • Business Ventures: Entrepreneurs seeking to fund a new business idea can also benefit from these loans.

    Fast Funding

    Many no credit check loans offer quick funding, sometimes within one to two business days. This speed is crucial for borrowers who require immediate financial assistance. The ability to access funds quickly can make a significant difference in managing unexpected expenses. Same day tribal loans from Upper Lake Lending is the best option for such situations.

    Requirements For Bad Credit Tribal Loans With Instant Approval

    Currently such tribal loans for bad credit are presented only to the persons living in the US. The borrower must have attained an age of 18 years if he or she wants to get a loan approved. He or she should also be working somewhere drawing a regular salary each month. He or she should also have a valid bank account in any bank in the US.

    Common Requirements for Bad Credit Tribal Payday Loans

    While requirements can vary by tribal lender, several common criteria are typically observed:

    • Minimum Credit Score: Most tribal lenders require a minimum credit score, often around 580. Some may accept scores as low as 550.
    • Proof of Income: Borrowers must demonstrate a stable source of income, which reassures tribal lenders of their ability to repay the loan.
    • Employment Verification: Tribal lenders may require proof of employment or a steady income stream, which can include pay stubs or bank statements.
    • Debt-to-Income Ratio: A lower debt-to-income ratio is favorable. Tribal lenders often look for a ratio below 40% to ensure that borrowers can manage additional debt.
    • Identification and Residency: Valid identification and proof of residency are standard requirements to verify the borrower’s identity and address.

    The best part of these easiest tribal loans to get is that a borrower does not need to undergo the strict and formal condition structure to get the loan approved. A person may at any time before his/her payday may apply for the loan. He/she may also get the loan via the internet. It is the cheapest and most reliable way to get money. Here a borrower may also check and compare the rates and other charges of different tribal lenders available at the Upper Lake Lending platform.

    How Guaranteed Tribal Installment Loans For Bad Credit Work

    Before applying for these loans you need to choose the tribal lender that provides you these loans at an affordable interest rate. After selecting the best tribal lender you need to visit the lender’s website and fill up an application form with some personal details such as name, sex, age, account number, monthly income, repayment period etc. prescribed in it. After that you will receive cash in your hands in just a couple of hours, usually on the same business day.

    The process of obtaining a guaranteed tribal loan for bad credit generally involves several straightforward steps:

    1. Application: Borrowers fill out an application form, providing necessary personal and financial information.
    2. Approval: The lender reviews the application and, if approved, determines the loan amount and interest rate.
    3. Disbursement: Once approved, the funds are disbursed to the borrower, often through direct deposit.

    The best way to apply for such easy tribal loans is via an online method. It prevents you from many irritations. You have to just fill in a request form available on the Upper Lake Lending website and once the form is filled, the remaining job is completed by the direct tribal lender himself. You may get the cash loans approved the same day without going anywhere.

    Risks Associated With Tribal Installment Loans

    While guaranteed tribal loans can be beneficial, they also come with certain risks:

    • High Costs: The interest rates on these loans can be significantly higher than those of traditional loans, leading to substantial repayment amounts.
    • Debt Cycle: Borrowers may find themselves in a cycle of debt if they are unable to repay the loan on time, potentially leading to the need for additional borrowing.
    • Regulatory Environment: The legal framework governing tribal loans can be complex, and borrowers should be aware of their rights and obligations.

    Considerations About Tribal Loans

    Having a bad credit history has become very common amongst people nowadays. Due to this, many people find it very difficult to apply for fiscal assistance, as traditional lenders are not assured that the borrower will pay the amount back. Tribal lenders offering bad credit loans come to the rescue in such a situation. $500 tribal installment loans are finances which cater to the urgent needs of bad creditors. Upper Lake Lending provides access to the wide network of trusted direct tribal lenders only who provide $500 dollar loans for bad credit borrowers.

    Tribal loans also have the option to submit an application without teletrack. As the name says no teletrack tribal payday loans are free from the time consuming procedure of credit checks. Almost everyone is approved for these tribal loans online. You can ask for money even if you are running on bad credit scores like arrears, defaults, bankruptcy, etc. There is no verification of credit history either. The tribal lender offering tribal loans with guaranteed approval is not concerned about your credit past.

    No need to worry any longer about how to deal with the urgent financial needs if you are a person with a bad credit record. Bad credit tribal payday loans can help you to resolve your financial problems till the next payday. The tribal lending companies are providing these loans without any credit check so there will be no problem in the approval of the loan even if you are having a bad credit record. You can save a lot of time for yourself while applying for these loans online with Upper Lake Lending because Upper Lake Lending connects borrowers with bad credit ratings with direct tribal lenders who provide tribal loans online guaranteed approval no matter what. 

    Due to their short term nature and no verification of your past details, this finance carries a relatively high rate of interest. You can make an application for this facility through the online method on the Upper Lake Lending website. For that, all you have to do is fill up the application form. The form is provided to you free of cost. The best tribal lenders deposit the amount into your bank checking account after it is approved.

    —————————————————————————————–

    Upper Lake Lending

    Morgan Brown 

    morgan@upperlakelending.com

    https://upperlakelending.com 

    9620 Las Vegas Blvd S #570 | Las Vegas, NV 89123

    Attachment

    The MIL Network

  • MIL-OSI: Tribal Loans Online For Bad Credit Guaranteed Approval No Credit Check Direct Lenders From Upper Lake Lending

    Source: GlobeNewswire (MIL-OSI)

    New York City, NY, July 03, 2025 (GLOBE NEWSWIRE) — Tribal loans online provide financial aid to those who need urgent cash to fulfill their emergent needs. Now there is no need to beg your relatives and friends for cash when you need finance for those emergencies. Upper Lake Lending is pleased to launch its tribal loan matching service designed for such needs. The majority of people are not willing to go for any loan due to their poor credit records. Such people think that no one will ever provide a loan to them. But now the time has changed. With the competition in the market, tribal lenders with guaranteed approval from Upper Lake Lending are coming up with newer and newer ways of borrowing money. No credit check tribal cash advance is a right choice for them. These advances can be utilized to clear off numerous expenses such as vehicle repair expenses, home renovation expenses, power bills, medical bills, schooling fees, and holiday tours.

    Official website: Upper Lake Lending

    Application page: Upper Lake Lending Tribal Loans Application Page

    Benefits Of No Credit Check Tribal Loans From Direct Lenders

    No credit check tribal loans, as the name suggests, are small instant cash loans which are approved without any credit verification. These are very quick to borrow money loans. As a borrower you may get the cash loan approved via the internet too. It is the fastest and the most suitable way to borrow money. Here you have to just fill in an application form available on the Upper Lake Lending website with all your details and once the form is filled, the remaining process will not take much of your time to get completed.

    These tribal payday loans are offered in both secured as well as unsecured ways. In the first case, you may get the cash approved without any collateral. On the other hand, there is no such need in unsecured loans but they are generally offered at slightly higher rates of interest. This is because of the risk the direct tribal lender is bearing in granting you a loan without any security.

    But seeing all other features of these tribal installment loans, this limitation may be ignored. You may also go for market research and can select the best direct tribal lender for the personal loan without any hassle. These all features give such loans an edge over other types of loans.

    Below, we explore the various benefits associated with no credit check tribal loans.

    Accessibility for All Borrowers

    One of the primary advantages of bad credit tribal loans is their accessibility. Traditional lenders often rely heavily on credit scores to determine eligibility. In contrast, no credit check tribal lenders cater to a broader audience, including:

    1. Individuals with Low Credit Scores: Those who have faced financial difficulties in the past may find it challenging to obtain loans through conventional means.
    2. Borrowers with Limited Credit History: Young adults or newcomers to the credit system may not have enough credit history to qualify for standard loans.

    This inclusivity of tribal loans allows more people to access the funds they need, regardless of their credit background.

    Quick Approval Process

    Another significant benefit of guaranteed tribal loans is the expedited approval process. Since tribal lenders do not conduct a thorough review of credit histories, borrowers can often receive approval within a short timeframe. This rapid response is particularly advantageous for those facing urgent financial needs, such as:

    • Medical Emergencies: Unexpected medical expenses can arise, and quick access to funds can alleviate stress.
    • Car Repairs: A sudden vehicle breakdown may require immediate financial attention.

    Tribal loans with no credit check is the perfect solution for such urgent needs.

    Minimal Impact on Credit Score

    Applying for a traditional loan typically involves a hard credit inquiry, which can temporarily lower a borrower’s credit score. No credit check tribal payday loans, however, do not require such inquiries, allowing individuals to apply without the fear of damaging their credit further. This aspect is particularly appealing for those who are actively working to improve their credit scores.

    Flexibility in Loan Amounts

    Bad credit tribal loans with no credit check often provide flexibility in terms of loan amounts. Borrowers can typically choose from a range of options that suit their specific financial needs. This flexibility can be beneficial for various situations, such as:

    • Small Personal Expenses: Individuals may need a small amount for personal projects or emergencies.
    • Business Ventures: Entrepreneurs seeking to fund a new business idea can also benefit from these loans.

    Fast Funding

    Many no credit check loans offer quick funding, sometimes within one to two business days. This speed is crucial for borrowers who require immediate financial assistance. The ability to access funds quickly can make a significant difference in managing unexpected expenses. Same day tribal loans from Upper Lake Lending is the best option for such situations.

    Requirements For Bad Credit Tribal Loans With Instant Approval

    Currently such tribal loans for bad credit are presented only to the persons living in the US. The borrower must have attained an age of 18 years if he or she wants to get a loan approved. He or she should also be working somewhere drawing a regular salary each month. He or she should also have a valid bank account in any bank in the US.

    Common Requirements for Bad Credit Tribal Payday Loans

    While requirements can vary by tribal lender, several common criteria are typically observed:

    • Minimum Credit Score: Most tribal lenders require a minimum credit score, often around 580. Some may accept scores as low as 550.
    • Proof of Income: Borrowers must demonstrate a stable source of income, which reassures tribal lenders of their ability to repay the loan.
    • Employment Verification: Tribal lenders may require proof of employment or a steady income stream, which can include pay stubs or bank statements.
    • Debt-to-Income Ratio: A lower debt-to-income ratio is favorable. Tribal lenders often look for a ratio below 40% to ensure that borrowers can manage additional debt.
    • Identification and Residency: Valid identification and proof of residency are standard requirements to verify the borrower’s identity and address.

    The best part of these easiest tribal loans to get is that a borrower does not need to undergo the strict and formal condition structure to get the loan approved. A person may at any time before his/her payday may apply for the loan. He/she may also get the loan via the internet. It is the cheapest and most reliable way to get money. Here a borrower may also check and compare the rates and other charges of different tribal lenders available at the Upper Lake Lending platform.

    How Guaranteed Tribal Installment Loans For Bad Credit Work

    Before applying for these loans you need to choose the tribal lender that provides you these loans at an affordable interest rate. After selecting the best tribal lender you need to visit the lender’s website and fill up an application form with some personal details such as name, sex, age, account number, monthly income, repayment period etc. prescribed in it. After that you will receive cash in your hands in just a couple of hours, usually on the same business day.

    The process of obtaining a guaranteed tribal loan for bad credit generally involves several straightforward steps:

    1. Application: Borrowers fill out an application form, providing necessary personal and financial information.
    2. Approval: The lender reviews the application and, if approved, determines the loan amount and interest rate.
    3. Disbursement: Once approved, the funds are disbursed to the borrower, often through direct deposit.

    The best way to apply for such easy tribal loans is via an online method. It prevents you from many irritations. You have to just fill in a request form available on the Upper Lake Lending website and once the form is filled, the remaining job is completed by the direct tribal lender himself. You may get the cash loans approved the same day without going anywhere.

    Risks Associated With Tribal Installment Loans

    While guaranteed tribal loans can be beneficial, they also come with certain risks:

    • High Costs: The interest rates on these loans can be significantly higher than those of traditional loans, leading to substantial repayment amounts.
    • Debt Cycle: Borrowers may find themselves in a cycle of debt if they are unable to repay the loan on time, potentially leading to the need for additional borrowing.
    • Regulatory Environment: The legal framework governing tribal loans can be complex, and borrowers should be aware of their rights and obligations.

    Considerations About Tribal Loans

    Having a bad credit history has become very common amongst people nowadays. Due to this, many people find it very difficult to apply for fiscal assistance, as traditional lenders are not assured that the borrower will pay the amount back. Tribal lenders offering bad credit loans come to the rescue in such a situation. $500 tribal installment loans are finances which cater to the urgent needs of bad creditors. Upper Lake Lending provides access to the wide network of trusted direct tribal lenders only who provide $500 dollar loans for bad credit borrowers.

    Tribal loans also have the option to submit an application without teletrack. As the name says no teletrack tribal payday loans are free from the time consuming procedure of credit checks. Almost everyone is approved for these tribal loans online. You can ask for money even if you are running on bad credit scores like arrears, defaults, bankruptcy, etc. There is no verification of credit history either. The tribal lender offering tribal loans with guaranteed approval is not concerned about your credit past.

    No need to worry any longer about how to deal with the urgent financial needs if you are a person with a bad credit record. Bad credit tribal payday loans can help you to resolve your financial problems till the next payday. The tribal lending companies are providing these loans without any credit check so there will be no problem in the approval of the loan even if you are having a bad credit record. You can save a lot of time for yourself while applying for these loans online with Upper Lake Lending because Upper Lake Lending connects borrowers with bad credit ratings with direct tribal lenders who provide tribal loans online guaranteed approval no matter what. 

    Due to their short term nature and no verification of your past details, this finance carries a relatively high rate of interest. You can make an application for this facility through the online method on the Upper Lake Lending website. For that, all you have to do is fill up the application form. The form is provided to you free of cost. The best tribal lenders deposit the amount into your bank checking account after it is approved.

    —————————————————————————————–

    Upper Lake Lending

    Morgan Brown 

    morgan@upperlakelending.com

    https://upperlakelending.com 

    9620 Las Vegas Blvd S #570 | Las Vegas, NV 89123

    Attachment

    The MIL Network

  • MIL-OSI Russia: A number of streets and embankments will be closed in the center of Moscow on July 5

    Translation. Region: Russian Federal

    Source: Moscow Government – Government of Moscow –

    In connection with the holding of the “Two Rivers” bicycle race, the traffic pattern on the central embankments and adjacent streets will change.

    It will be limited on one right-hand lane on July 4 from 10:00 to 23:59 and from 22:30 on July 5 to 06:00 on July 6 on Khamovnichesky Val Street when moving towards Frunzenskaya Embankment from house 14 on Khamovnichesky Val Street to Frunzenskaya Embankment. And from 15:00 on July 5 to 02:00 on July 6 – on Frunzenskaya Embankment towards Luzhnetskaya Embankment, on Prechistenskaya Embankment towards Frunzenskaya Embankment, on Kremlevskaya Embankment when moving towards Prechistenskaya Embankment and on Moskvoretskaya Embankment towards Kremlevskaya Embankment.

    In addition, on July 5 from 00:01 to 22:30 it will be impossible to drive along Khamovnichesky Val Street in the direction of Frunzenskaya Embankment from house 14 on Khamovnichesky Val Street to Frunzenskaya Embankment. And from 14:30 to 22:30 traffic will be closed in the opposite direction – from the embankment to house 14.

    From 16:30 to 20:30, the following central embankments will be closed to cars: Frunzenskaya, Prechistenskaya, Kremlevskaya, Moskvoretskaya, Podgorskaya, Bernikovskaya, Nikoloyamskaya, Andronyevskaya, Zolotorozhskaya, Krasnokazarmennaya, Golovinskaya, Gospitalnaya, Semenovskaya, Preobrazhenskaya, as well as Veteranov Avenue.

    Parking will be temporarily prohibited on Khamovnichesky Val Street from 00:01 on July 4 until the end of the event, and from 00:01 on July 5 – in all restricted areas.

    Drivers are advised to plan their route in advance, taking into account temporary traffic changes. Full details can be found on the website Traffic Management Center.

    Bicycle race “Two Rivers”

    The annual Cyclingrace “Two Rivers” will take place in Moscow on July 5. This unique event will bring together professional athletes and active lifestyle enthusiasts, as well as everyone who wants to experience the joy of participation, spend time with family and like-minded people.

    The route will run along the two main waterways of the capital – the Moskva River and the Yauza. Participants will start and finish in Khamovniki. They will ride past the walls of the Kremlin along the picturesque embankments of Moscow through the historical districts of the city to Sokolniki and back.

    For experienced athletes, a track with distances from 74 to 111 kilometers has been prepared. Only road bikes with a ram-type handlebar are allowed to participate. Amateurs can choose a race with distances of 15 and 37 kilometers. They are allowed to use any bikes except specialized models: recumbent, tandem, time trial and motorized.

    At the finish line, participants will be provided with food, cold and hot drinks. To ensure safety, traffic will be temporarily closed during the bike race.

    You can register for the event at official websiteIt is recommended to check the technical condition of the bicycle in advance, study the safety rules and prepare the appropriate equipment taking into account the weather conditions.

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

    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.

    Please Note; This Information is Raw Content Directly from the Information Source. It is access to What the Source Is Stating and Does Not Reflect

    https: //vv.mos.ru/nevs/ite/156221073/

    MIL OSI Russia News