Category: 3. Business

  • Pakistan set to reduce timelines for credit of bonus, right shares

    Pakistan set to reduce timelines for credit of bonus, right shares

    ISLAMABAD – The Securities and Exchange Commission of Pakistan (SECP) has sought public input on the proposed amendments to the Companies (Further Issue of Shares) Regulations, 2020.

    These amendments focus on streamlining the processes for bonus and right share issuance, significantly reducing timelines by 87% and 72% for bonus and right issue, respectively. This enhancement will improve market efficiency and enable quicker capital mobilisation.

    Timelines for the bonus and right share issues are proposed to be reduced to 11 days (from the existing 85 days) and 50 days (from the existing 181 days), respectively.

    The draft amendments followed an extensive consultation process with key stakeholders, including PSX, CDC, NCCPL, leading Consultants to Issue, lawyers and financial experts. Initial feedback was collected to identify areas for improvement in the Regulations.

    The insights were synthesised into a detailed Consultation Paper titled “Reduction in Timelines for Issuance of Bonus and Right Shares by Listed Companies”, which was published to invite further feedback.

    In-person consultations were held, followed by an online session, where the feedback was discussed in depth, ensuring the proposals were refined based on a consensus-driven approach. The SECP has now notified the draft amendments for comments before these become effective.

    Additionally, amendments are also proposed to remove the requirement for a company to prepare a draft offer document in the Urdu language and introduce a new requirement to submit additional information along with the right offer document to ensure smooth and efficient processing of the right offer document.

    Feedback can be submitted by July 17, 2025. The notification detailing the proposed amendments is available on the SECP website.

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  • Dentons advises Pathfinder Clean Energy on £46 million investment from RGREEN INVEST

    Dentons advises Pathfinder Clean Energy on £46 million investment from RGREEN INVEST


    Leaving Dentons

    Beijing Dacheng Law Offices, LLP (“大成”) is an independent law firm, and not a member or affiliate of Dentons. 大成 is a partnership law firm organized under the laws of the People’s Republic of China, and is Dentons’ Preferred Law Firm in China, with offices in more than 40 locations throughout China. Dentons Group (a Swiss Verein) (“Dentons”) is a separate international law firm with members and affiliates in more than 160 locations around the world, including Hong Kong SAR, China. For more information, please see dacheng.com/legal-notices or dentons.com/legal-notices.

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  • Barriers and facilitators to following dietary recommendations for bone health: a qualitative study | BMC Nutrition

    Barriers and facilitators to following dietary recommendations for bone health: a qualitative study | BMC Nutrition

    Persons with and at risk of osteoporosis have unique requirements for nutrition education. It is important for these individuals to achieve adequate intake of nutrients that are important for bone health (i.e. calcium, vitamin D, protein) and, where possible, this nutrient intake should be achieved in the context of a healthy dietary pattern that is rich in whole foods. Using focus groups, we identified several barriers to maintaining a bone-healthy diet among individuals with and at risk of osteoporosis, including cooking for one, low motivation to prepare meals, and dietary restrictions. Facilitating factors included meal planning and advance preparation, online grocery shopping, and engaging in regular exercise, which participants noted to be associated with improved appetite and increased motivation to adopt a healthy diet. There was consensus among focus group participants that a bone-focused CM program would be beneficial, with preference for a virtual format. Our findings can be used to inform the development of programs to improve nutrition education and facilitate adherence with dietary recommendations among individuals with and at risk of osteoporosis.

    To our knowledge, the present study is the first to evaluate barriers and facilitators to consuming a bone-healthy diet among individuals with and at risk of osteoporosis that is not confined to assessment of intake of a specific nutrient (e.g. calcium) or food group (e.g. dairy). Previous studies have primarily focused on barriers and facilitators to consuming calcium-rich foods in a variety of populations, including women and adolescents. Reported barriers in these studies include lack of time, cost, inconvenience, concerns about waste, cultural practices, not seeing calcium deficiency as a threat, perception that calcium-rich foods do not taste good, real and/or perceived intolerance or allergy to dairy and lactose, belief that all dairy foods are high in calories and fat, and uncertainty about good dietary sources of calcium [15,16,17,18, 31]. Reported facilitators for calcium-rich food intake in prior studies include: perceived benefits such as improved energy levels and osteoporosis prevention, good taste, and educational information from trustworthy sources that was presented in a catchy manner [18, 32]. The present study identified some of the same barriers, specifically lack of time, inconvenience, and dietary intolerances. Needing to cook for one and lack of motivation to cook multiple meals a day were not highlighted as barriers to consumption of calcium-rich foods in prior studies, but may have emerged as principal barriers to maintaining a bone-healthy diet in the present study given the relatively older age of our population (age range 56–87). Accordingly, social isolation, not being married, and lack of interest in life have been identified as risk factors for malnutrition in older populations [33]. In addition, participants in the present study were primarily of White ethnicity and moderate-to-high socioeconomic position, which may respectively explain why cultural practices and cost did not emerge as major barriers.

    While our findings indicate that individuals with and at risk of osteoporosis face several barriers to eating well for bone health, they also suggest that a bone-focused CM program, designed with the view of mitigating these barriers, would be well accepted among our target population. CM programs can incorporate strategies such as meal planning, preparation of multiple servings for leftovers and freezing [34, 35], which can ameliorate the challenges associated with cooking for one and lack of motivation to cook multiple meals a day [36]. Additionally, CM provides an optimal environment for education regarding substitutions and modifications to address dietary restrictions, as has been shown in individuals living with chronic kidney disease [37], hypertension [38], cardiovascular disease [39], and cancer [40]. CM also has the potential to promote and encourage the facilitating factors identified in this study, particularly meal planning and advance preparation [34]. Depending on the mode of delivery, CM programs could be leveraged to support patients with online grocery shopping [41], and to encourage exercise [42]. Additionally, CM interventions are often delivered in a group environment, which our focus group participants identified as a potential benefit with a desire for sense of community. Nanduri and colleagues have also demonstrated that participation in organized social support systems can contribute to improvement in physical activity among seniors with osteoporosis [43], and McAlpine et al. found that social engagement was associated with improved quantity and quality of nutrient intake among older adults [44].

    In terms of developing a bone-focused CM program, focus group participants indicated that a virtual program would be favored over in-person programming, with some individuals expressing preference for a demonstration format while others preferring a cook-along. Contrary to what has been reported in other populations, lack of cooking skills did not emerge as a common barrier to maintaining a bone healthy diet in our study population, which may explain why participants were more motivated to attend a virtual CM demonstration or cook-along rather than an in-person cooking class. However, given the timing of this study, conducted in 2021, it is possible that the preference for virtual delivery was related to the COVID-19 pandemic rather than other reasons; reassessment of the preferred mode of delivery for bone-specific CM programming may be warranted in the future.

    While the results of this study provide a rationale for the development of a CM program tailored towards individuals with and at risk of osteoporosis, our findings also indicate that the nutrition education needs and preferences of this population are varied and highly personal. A one-size-fits-all approach to nutrition education is unlikely to be successful. For example, while several barriers to eating well for bone health were identified in the focus groups, survey responses indicated that almost half of the study participants did not experience any barriers to eating well for bone health, and fewer than 40% indicated a need for further nutrition education beyond what they had already received in the didactic bone health class. Furthermore, some of the barriers reported by survey respondents—including time, money, taste preference, family/friends, knowledge of foods, and culture—were never raised in the focus groups. This may be the result of group dynamics: in the focus group setting, the opinions of one or two individuals has the potential to sway the opinions of the collective group [45]. Additionally, some participants may not share personal sensitive information, such as financial concerns, in a group environment [45]. It is also important to note that almost two thirds of survey participants indicated that they were confident in their ability to prepare meals that aligned with recommendations for bone health, and that they had good knowledge of dietary sources of calcium and protein, whereas just over half of participants reported getting sufficient calcium intake in their diet. This suggests a discrepancy between perceived abilities and implementation when it comes to dietary knowledge and skills. Ultimately, while it is unlikely that CM programming will be necessary or beneficial for every individual with and at risk of osteoporosis, our findings indicate that it may be a helpful adjunct to didactic education for some. Bone-focused CM programs should be designed with flexibility in mind, to accommodate the varied needs of this population and individuals. The development and use of screening tools may help to identify the individuals most likely to benefit from a CM program for bone health.

    The results of this study should be interpreted in the context of some limitations. The generalizability of our findings is limited by the modest sample size and relatively homogeneous demographics. For example, the study population was entirely of White ethnicity and therefore not reflective of other ethnicities. The study population was also comprised predominantly of women, and with such a small number of men in our sample, it is difficult to discern whether men experience different barriers and facilitating factors to maintaining a bone-healthy diet than women. Gender-specific expectations and division of household duties must also be considered with respect to meal preparation. Additionally, inclusion criteria for this study included having access to internet and an online device, which may have precluded individuals who experience low socioeconomic standing from participating. This could explain why food access and cost did not emerge as barriers in our cohort. Furthermore, as indicated above, the results of focus group studies can be influenced by group dynamics and therefore may not be fully representative of the thoughts and beliefs of all group members [45].

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  • Accelerating Industrial Digital Intelligence in South Africa at Huawei South Africa Connect 2025

    [Johannesburg, South Africa, July 3, 2025] Huawei held the Huawei South Africa Connect 2025 in Johannesburg, South Africa. Themed Accelerate Industrial Digital Intelligence for South Africa, this event attracted over 2,900 participants from the South African government, industry customers, and partners.

    South Africa has placed digital inclusion at the heart of its developmental agenda. At the event, Solly Malatsi, Hon. Minister of the Department of Communications and Digital Technologies noted that South Africa has developed four measurable Ministerial Priorities: Expanding Connectivity and Access to Devices, Building a Digitally Skilled Society, Unlocking the Productive Use of Technology, and Creating a Supportive Environment for Inclusion and Investment. These four priorities aim to build an innovative and high-performing digital ecosystem for all South Africans.

    Solly Malatsi, Hon. Minister of the Department of Communications and Digital Technologies, delivering a speech

    Will Meng, CEO of Huawei South Africa, stated in his welcome speech, that “Digital transformation is more than technology — It’s the engine of national progress. Our goal is clear: to accelerate South Africa’s journey to industrial digital intelligence, driving innovation, boosting productivity, and ensuring long-term competitiveness.”

    Will Meng, CEO of Huawei South Africa, delivering a welcome speech

    Cloud and AI are a key driving force for industry innovation and economic growth. Joy Huang, Vice President of Huawei Cloud, expressed that ” Huawei Cloud is dedicated to offering AI-native cloud services. By implementing the ‘Cloud for AI’ and ‘AI for Cloud’ strategies, we aim to expedite the intelligent transformation across industries in South Africa.” 

    Joy Huang, Vice President of Huawei Cloud, delivering a keynote speech

    Hong-Eng Koh, Global Chief Public Services Industry Scientist of Huawei, agreed; “From a technological angle, gone are the days of siloed implementations. We need a long-term architecture for the intelligent transformation journey, including unified networks and unified clouds.” Huawei has accumulated extensive digital transformation practices globally, which provide concrete and feasible pathways for intelligent upgrade. It aims to use its expertise to contribute to South Africa’s digital economic development.

    Gene Zhang, CEO of Huawei South Africa Enterprise Business, further introduced that Huawei, with its All Intelligence strategy and a deep understanding of industry scenarios, has released a reference architecture, 4 enablement models, and over 200 industry solutions to help various industries go digital and intelligent faster.

    Gene Zhang, CEO of Huawei South Africa Enterprise Business, delivering a keynote speech

    Digital and intelligent advancement relies on ecosystem building and cooperation with partners. Peter Zhang, Vice President of Global Partner, Commercial & Distribution, Enterprise Sales, Huawei, underscored in his speech, “Our strategy in the government and enterprise market is ‘Partners + Huawei’. Huawei attaches great importance to partner development and will constantly enhance investment and support for partners.”
    In South Africa, Huawei has collaborated with over 1,400 local companies to jointly address customers’ digital and intelligent transformation needs. 
    Additionally, leveraging over 3,000 courses covering 22 technical categories, Huawei aims to train over 50,000 ICT professionals in the region by 2028.

    At the event, Jonas Bogoshi, CEO of BCX, and customers from sectors like government, transportation, electric power, finance, and ISP, shared their success stories of digital and intelligent transformation.

    With a slogan of “In South Africa, for South Africa,” Huawei has been doing business in this country for 26 years. Huawei has consistently provided leading ICT infrastructure on top of talent development and technological innovation platforms to further the development of South Africa’s digital and intelligent economy. Moving forward, Huawei will continue to work closely with customers and partners, gain profound insights into industry scenarios and needs, provide customized solutions, and jointly build a thriving ecosystem.

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  • European Innovation Council (EIC) Pre-Accelerator Online Info Session

    European Innovation Council (EIC) Pre-Accelerator Online Info Session

    The European Innovation Council (EIC) is organising an online information session dedicated to EIC Pre-Accelerator on July 23, 2025.

    This online info session will present the EIC Pre-Accelerator call – a joint scheme between the European Innovation Council and the Widening participation and strengthening the European Research Area (WIDERA) programme funded under the WIDERA Work Programme 2025.

    The speakers will present an overview and key features of the scheme and will answer questions from the attendees.

    The event will be held in English and recorded. 

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  • Glasgow Airport summer of strike action looming

    Glasgow Airport summer of strike action looming

    Getty Images several white taxis parked outside the front entrance to Glasgow AirportGetty Images

    About 100 staff employed by Glasgow Airport have backed strike action in a dispute over pay

    About 100 workers at Glasgow Airport could be on strike within weeks in a dispute over pay.

    Unite the union said the first date of potential action would be 18 July after its members rejected a 4% pay offer and backed industrial action.

    A further 350 security and ground handling staff, who are not directly employed by the airport, are also involved in separate ongoing disputes but have been made a fresh pay offer.

    Glasgow Airport said it remained open to finding a sensible resolution to the dispute with its staff.

    Glasgow Airport is Scotland’s second-busiest airport after Edinburgh and the threat of strike days comes during its traditional Glasgow Fair fortnight and busy summer months.

    The dispute with around 100 of its own employees includes airport ambassadors, airside support officers, engineers and managers.

    Pat McIlvogue, regional industrial Oofficer for Unite, told the BBC’s Good Morning Scotland programme that industrial action, which was backed by 98.7% of these workers, would have “a significant impact which we are keen to avoid”.

    He said: “We don’t want to affect the travelling public.

    “My call to Glasgow Airport Limited is to contact us today and set a date for talks, put a meaningful offer on the table for our members’ consideration and we will not serve strike notice of the Glasgow Fair weekend.”

    Which airport workers are involved in industrial disputes?

    Getty Images A man wearing black trousers and a white shirt pulling a suitcase in front of a giant sign saying departures that is brightly lit from behindGetty Images

    A further 350 people who work at Glasgow Airport are also involved in ongoing industrial disputes.

    This includes 250 workers who deal with passengers in the security search area, and are employed by a firm called ICTS, and 100 ground handling workers employed by Swissport.

    Unite has said it will be taking new offers from both firms to a further ballot of members.

    A spokesperson for Glasgow Airport said: “We are reviewing the ballot results and remain open to finding a sensible resolution.”

    A spokesperson for Swissport said: “Our priority is the safety and wellbeing and fair treatment of our workforce, alongside maintaining high standards of service for our customers and we remain committed to working constructively with Unite to find a fair and sustainable resolution.”

    ICTS has been approached for a response.

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  • ERM helps SSE and Equinor to secure UK planning consent for first of a kind hydrogen project

    ERM helps SSE and Equinor to secure UK planning consent for first of a kind hydrogen project

    ERM, the world’s largest specialist sustainability consultancy, has supported SSE and Equinor’s Aldbrough Hydrogen Pathfinder project in becoming the first hydrogen-to-power project to receive planning consent in the UK.

    ERM supported the planning application process alongside the environmental permitting, safety and marine licensing services it provides to the Aldbrough Hydrogen Pathfinder project, which is located within SSE Thermal and Equinor’s existing gas storage site on the East Yorkshire coast.

    The project will enable green power to be sourced from the grid through a renewable Power Purchase Agreement. Hydrogen will then be produced via an electrolyser before being stored and then used in a hydrogen-fired open cycle gas turbine, exporting flexible green power back to the grid at times of system need. In future, hydrogen storage will also benefit offtakers in industry, heat and transport sectors.

    In addition to the Aldbrough Hydrogen Pathfinder project, ERM is supporting the consenting process for the Aldbrough Hydrogen Storage project and the Humber Hydrogen Pipeline project, which will connect regional producers and users to a low carbon hydrogen network.

    Russell Cullen, Partner at ERM said: “ERM welcomed the opportunity to support this pioneering project that will pave the way for wider deployment of hydrogen power. We look forward to working further with SSE and Equinor to navigate the energy transition and help the UK deliver on its low-carbon economy ambitions.”

    Sally O’Brien, Senior Project Manager on the Aldbrough Hydrogen Pathfinder Project, said: “ERM’s technical expertise helped us deliver a complex planning application that was critical to securing consent for the Aldbrough Hydrogen Pathfinder project.”
     


    About ERM

    Sustainability is our business.

    As the world’s largest specialist sustainability consultancy, ERM partners with clients to operationalize sustainability at pace and scale, deploying a unique combination of strategic transformation and technical delivery capabilities. This approach helps clients to accelerate the integration of sustainability at every level of their business.  

    With more than 50 years of experience, ERM’s diverse team of 8000+ experts in 40 countries and territories helps clients create innovative solutions to their sustainability challenges, unlocking commercial opportunities that meet the needs of today while preserving opportunity for future generations.

    Learn more here.   

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  • Exclusive-Regulators warned Air India Express about delay on Airbus engine fix, forging records

    Exclusive-Regulators warned Air India Express about delay on Airbus engine fix, forging records

    By Aditya Kalra and Aditi Shah

    NEW DELHI (Reuters) -India’s aviation watchdog reprimanded Air India’s budget carrier in March for not timely changing engine parts of an Airbus A320 as directed by the European Union’s aviation safety agency, and falsifying records to show compliance, a government memo showed.

    Air India Express told Reuters it acknowledged the error to the Indian watchdog and undertook “remedial action and preventive measures”. Reacting to the Reuters story on Friday, the EU agency said it will investigate the matter.

    Air India has been under intense scrutiny since the June Boeing Dreamliner crash in Ahmedabad which killed all but one of the 242 people onboard. The world’s worst aviation disaster in a decade is still being investigated.

    The engine issue in the Air India Express’ Airbus was raised on March 18, months before the crash. But the regulator has this year also warned parent Air India for breaching rules for flying three Airbus planes with overdue checks on escape slides, and in June warned it about “serious violations” of pilot duty timings.

    Air India Express is a subsidiary of Air India, which is owned by the Tata Group. It has more than 115 aircraft and flies to more than 50 destinations, with 500 daily flights.

    The European Union Aviation Safety Agency in 2023 issued an airworthiness directive to address a “potential unsafe condition” on CFM International LEAP-1A engines, asking for replacement of some components such as engine seals and rotating parts, saying some manufacturing deficiencies had been found.

    The agency’s directive said “this condition, if not corrected, could lead to failure of affected parts, possibly resulting in high energy debris release, with consequent damage to, and reduced control of, the aeroplane.”

    The Indian government’s confidential memo in March sent to the airline, seen by Reuters, said that surveillance by the Directorate General of Civil Aviation (DGCA) revealed the parts modification “was not complied” on an engine of an Airbus A320 “within the prescribed time limit”.

    “In order to show that the work has been carried out within the prescribed limits, the AMOS records have apparently been altered/forged,” the memo added, referring to the Aircraft Maintenance and Engineering Operating System software used by airlines to manage maintenance and airworthiness.

    The mandatory modification was required on Air India Express’ VT-ATD plane, the memo added. That plane typically flies on domestic routes and some international destinations such as Dubai and Muscat, according to the AirNav Radar website.

    The lapse “indicates that the accountable manager has failed to ensure quality control,” it added.

    Air India Express told Reuters its technical team missed the scheduled implementation date for parts replacement due to the migration of records on its monitoring software, and fixed the problem soon after it was identified.

    It did not give dates of compliance or directly address DGCA’s comment about records being altered, but said that after the March memo it took “necessary administrative actions”, which included removing the quality manager from the person’s position and suspending the deputy continuing airworthiness manager.

    The DGCA did not respond to Reuters queries. In a statement issued after the Reuters story was published, the EU agency said it “will investigate this matter further with” CFM and the DGCA.

    Airbus and CFM International, a joint venture between General Electric and Safran, did not respond to Reuters queries.

    The lapse was first flagged during a DGCA audit in October 2024 and the plane in question took only a few trips after it was supposed to replace the CFM engine parts, a source with direct knowledge said.

    “Such issues should be fixed immediately. It’s a grave mistake. The risk increases when you are flying over sea or near restricted airspace,” said Vibhuti Singh, a former legal expert at India’s Aircraft Accident Investigation Bureau.

    The Indian government told parliament in February that authorities warned or fined airlines in 23 instances for safety violations last year. Three of those cases involved Air India Express, and eight Air India.

    The Tata Group acquired Air India from the Indian government in 2022 and the Dreamliner crash has cast a shadow on its ambitions of making it a “world class airline”.

    While Air India has aggressively expanded its international flight network over the months, it still faces persistent complaints from passengers, who often take to social media to show soiled seats, broken armrests, non-operational entertainment systems and dirty cabins.

    (Reporting by Aditya Kalra and Aditi Shah; Editing by Kim Coghill and Susan Fenton)

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  • Hyundai Motor Publishes 2025 Sustainability Report

    Hyundai Motor Publishes 2025 Sustainability Report

    SEOUL, July 4, 2025 – Hyundai Motor Company has published its 2025 Sustainability Report, detailing the company’s comprehensive efforts, achievements, goals, and future plans for sustainable business operations.

    Since 2003, Hyundai Motor has published annual sustainability reports to disclose a wide range of information demonstrating its commitment to sustainable management and facilitate active communication with stakeholders, including investors, customers, and communities worldwide.

    “Hyundai is committed to sustainable mobility in the vehicles we offer and the processes we use to produce them. Hyundai has made incredible progress in reducing the environmental impact of our vehicles throughout their lifecycle, including the manufacturing process, with our ultimate goal of carbon neutrality by 2045,” said José Muñoz, President and CEO of Hyundai Motor Company. “Our ‘Progress for Humanity’ vision reflects our belief that advancing emissions-free mobility is not only sound business, but a shared responsibility to ensure cleaner air and a better quality of life for future generations.”

    The 2025 report is structured around three core pillars: Environment, Social, and Governance.

    Environment

    The report highlights innovative projects to enhance vehicle circularity, including the Car-to-Car Project, which incorporates materials recycled from end-of-life vehicles into new car production. It also details significant investments in renewable energy expansion, including Korea’s largest corporate power purchase agreement (PPA) and the introduction of renewable energy initiatives at international facilities.

    Social

    This section covers Hyundai Motor’s participation in major global sustainability initiatives, including joining the Responsible Business Alliance 1) and Drive Sustainability 2) . The report outlines the company’s supply chain risk screening programs and new diversity initiatives, including updated goals for executives and employees and comprehensive training for global leadership and staff.

    Governance

    The governance section details Hyundai’s efforts to strengthen board independence and diversity and enhance decision-making transparency and stakeholder communications. These efforts include the appointment of senior independent directors, the establishment of an independent director council, and two new female directors.

    To improve accessibility and usability, the report includes a separate “Sustainability Factbook” containing three-year trends of key quantitative sustainability data and indices aligned with global disclosure standards. These include the Global Reporting Initiative (GRI) and European Sustainability Reporting Standards (ESRS).

    The 2025 Hyundai Motor Sustainability Report is available in the Sustainable Management section of the company’s website at hmc-2025-sustainability-report-en.pdf


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  • high growth in settled transactions across all services

    high growth in settled transactions across all services

    4 July 2025

    The ECB has published its first consolidated annual report on TARGET Services, the TARGET Services Annual Report, which details the ongoing evolution, financial performance and system availability of TARGET Services in 2024. TARGET Services include T2 for large value payments, TARGET2-Securities (T2S) for securities settlement and TARGET Instant Payment Settlement (TIPS) for instant payments.

    In 2024 higher transaction volumes were recorded for all TARGET Services. Annual T2 traffic reached its highest level since the introduction of the euro, at nearly 108 million transactions. In TIPs there was a five-fold increase in the volume of transactions settled, up to around 1.35 billion, reflecting the uptake of instant payments in the European Union. T2S volumes also peaked, up 14% from the previous year and marking a significant rebound from two consecutive years of decline.

    TARGET Services maintained high levels of performance and availability, with the technical availability of T2 standing at 99.97%, T2S exceeding its target of 99.7%, and TIPS achieving 100% throughout the year. In addition, the multi-currency capabilities of TARGET Services expanded when Sweden joined TIPS with its national currency, the krona.

    The report highlights ongoing service enhancements, such as enabling T2 and TIPS access for non-bank payment service providers, moving towards a shorter standard securities settlement cycle in T2S and improving cross-border payments through cross-currency settlement in TIPS.

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