Business – Blackstone Raises its Largest Asia Private Equity Fund at $13.1 Billion

Source: Blackstone

Oversubscribed Fund More than Doubles Capital Raised for Predecessor Vehicle

NEW YORK – Blackstone (NYSE: BX) today announced the final close of Blackstone Capital Partners Asia III (“BCP Asia III”) at $13.1 billion, exceeding its $10 billion target and marking the firm's largest private equity fundraise in the region. The oversubscribed fund reached its hard cap and builds on the strong performance of the strategy's first two vintages, with this close representing more than double the amount of capital raised for its predecessor vehicle.

Joe Baratta, Global Head of Blackstone Private Equity Strategies,said: “We are grateful for the continued trust of our investors in Blackstone and our leading Asia Private Equity franchise. This successful fundraise reflects the strength of our platform and our ability to perform through cycles. Asia Pacific is the fastest-growing region in the world, presenting compelling opportunities to invest at scale behind our high-conviction themes and deliver for our investors.”

Amit Dixit, Head of Asia for Blackstone Private Equity, said: “For two decades, we have focused on building businesses into market leaders and driving performance for our investors. We believe our differentiation lies in our scale, supported by homegrown teams across the region's major markets; strong performance; and our control-oriented strategy that enables us to have a hands-on, proactive approach to supporting business transformations. We thank our investors for their support and partnership.”

Blackstone has been one of the most active global investors in the region over the last 24 months, reinforcing its leadership in India and Japan. The firm invested over $7 billion of capital across 12 transactions, which include:

Neysa, a fast-growing Indian AI cloud platform
TechnoPro, Japan's leading specialized engineering services provider
JUNO, South Korea's top hair salon franchise

In addition, the firm has had 15 exits with realizations over the same period, including:

  • Listing of International Gemological Institute, the largest lab grown diamonds certification player
  • Listing of Aadhar Housing Finance, India's largest affordable housing finance business
  • Exit from Alinamin Pharmaceutical after helping build the business into one of Japan's leading consumer healthcare businesses.

About Blackstone
Blackstone is the world's largest alternative asset manager. Blackstone seeks to deliver compelling returns for institutional and individual investors by strengthening the companies in which the firm invests. Blackstone's over $1.3 trillion in assets under management include global investment strategies focused on real estate, private equity, credit, infrastructure, life sciences, growth equity, secondaries and hedge funds. Further information is available at www.blackstone.com.

University Research – Record damages from wildfires in 2025, despite global area burned among lowest – UEA

Source: University of East Anglia (UEA)

A new analysis of global wildfire activity in 2025 reveals the world experienced some of the most destructive and deadly fire events in recent history, despite the second lowest area burned since 2002.

It highlights a continued trend toward fires becoming increasingly extreme, costly, and disastrous – both economically and in lives lost.

Led by the University of East Anglia (UEA), an international team of scientists has summarised the wildfire events of 2025 for the Year in Review article, published today as part of the Climate Chronicles series in the journal Nature Reviews Earth & Environment.

They found 335 million hectares burned globally in 2025 – 16 per cent below the long-term average – while total fire-related carbon emissions fell to 11 billion tonnes of CO₂, the third lowest year since 2002.

However, a series of “catastrophic” wildfires across Canada, the United States, Europe and South Korea resulted in over 300,000 evacuations and over 90 fatalities, underscoring the rising societal toll of extreme wildfire events.

Financially, 2025 became the costliest year on record for insured wildfire losses globally, with the fires accounting for 38 per cent of all insured natural hazard losses.

The LA fires alone were the fifth most costly natural disaster in history in terms of insured losses, at 40 billion USD, and 140 billion USD in total losses.

Dr Matthew Jones, of the Tyndall Centre for Climate Change Research at UEA, said: “2025 shows that a ‘quiet’ fire year globally can still be devastating. We are seeing a growing disconnect between total area burned and real-world impacts, with risk increasingly determined by fire location, intensity and exposure.

“The wildfires of 2025 demonstrate that without decisive action, societies will continue to face escalating human, economic and environmental risks in an era of more extreme fires.”

The analysis also involved scientists the University of California, Merced, the Met Office Hadley Centre, Universidade de Trás-os-Montes e Alto Douro (Portugal), the Canadian Forest Service, Imperial College London and Kasetsart University (Thailand).

The authors say their findings reinforce the urgent need for rapid reductions in fossil fuel emissions to limit further climate warming, and far stronger adaptation, including proactive vegetation management. Also, resilient infrastructure and evacuation planning suited to a world of increasingly fire-prone landscapes and fast-moving fires.

A new era of wildfire risk

They also suggest the 2025 wildfire season reflects a global shift: as savannah fires decline, extreme and destructive wildfires are increasingly emerging in temperate and high-latitude regions, where fuel-rich forests can burn with unprecedented intensity and climate-driven drought and heatwaves amplify fire weather.

Population growth at the wildland-urban boundary also increases exposure, while firefighting resources are strained as multiple regions face simultaneous emergencies.

Another extreme fire season in North America

The team found that while global emissions declined, Canada’s boreal forests continued to break records, entering a third consecutive year of extreme fire activity.

Between 2023 and 2025, Canadian wildfires released more CO₂ than during the entire preceding 15-year period, driven by persistent burning in carbon-rich forest ecosystems – in 2025, unusually high emissions were centred on the provinces of Saskatchewan, Manitoba and Ontario.

These ecosystems, historically adapted to infrequent fires, are now experiencing unprecedented fire recurrence, raising concerns about long-term carbon loss, ecosystem degradation, and weakened forest recovery.

In January 2025, the Palisades and Eaton fires became the most destructive wildfire event in US history. Fuelled by large stocks of critically dry vegetation and extreme winds, the fires killed 31 people, destroyed nearly 12,000 homes and forced over 150,000 evacuations. They also produced hazardous air pollution affecting 10 million residents.

“Deadly human-caused wildfires in California, Europe, and South Korea in the same year as the extensive consumption of carbon stocks in Canada from lightning-caused fires highlights how rapidly climate change is producing conditions for extreme wildfires to thrive across a range of biomes and seasons,” said Prof Crystal Kolden, of University of California, Merced.

“The co-occurrence of multiple devastating fires is particularly problematic, hampering resource sharing between countries and putting more civilians at risk. Unfortunately, future fire projections show these types of outbreaks will only increase.”

Widespread evacuations in Europe and South Korea

Severe drought and repeated heat extremes drove major wildfire outbreaks across the Mediterranean, leading to 28 confirmed deaths, over 120,000 evacuations, and simultaneous emergency resource requests from six European nations.

Spain experienced its largest burned area since 2002, with more than 350,000 hectares affected by August and eight fatalities. In Portugal, thousands of firefighters battled large fast-moving fires, including the largest wildfire in national history.

Across Greece, Türkiye, and Cyprus, prolonged heatwaves enabled destructive fires that displaced tens of thousands, while France endured its largest fire since 1949.

The UK recorded its highest burned area on record, including its first documented ‘megafire’ in Scotland exceeding 10,000 hectares.

Dr Theodore Keeping, of World Weather Attribution at Imperial College London, said: “Studies clearly show that the hot-dry-windy weather conditions which drove devastating wildfires across Southern Europe have been made much more likely due to human-caused climate change.

“Whilst identifying trends in wildfires on the continent are complicated by shifts in land-use, it's clear that fast spreading, intense wildfire events are becoming more likely as weather extremes increase.”

South Korea experienced its deadliest and largest wildfire outbreak, with 32 deaths, over 37,000 displaced residents and more than 100,000 hectares burned. Extreme winds and unusually high temperatures enabled the fires to spread rapidly through mountainous wildland–urban boundary areas, resulting in significant loss of life and infrastructure.

‘Wildfires in 2025’, Matthew W Jones, John T Abatzoglou, Chantelle Burton, Paulo M Fernandes, Piyush Jain, Theodore Keeping, Veerachai Tanpipat and Crystal A Kolden, is published in Nature Reviews Earth & Environment on TBC.

The University of East Anglia (UEA) is a UK Top 25 university for research quality (Times Higher Education Rankings 2026) and UK 26th in the Complete University Guide. It also ranks in the World Top 60 (QS World Rankings for Sustainability 2025) and the World Top 20 for reduced inequalities and World Top 200 (Times Higher Education Impact Rankings 2025). Known for its world-leading research and good student experience, its 360-acre campus has won nine Green Flag awards in a row for its high environmental standards. The University is a leading member of Norwich Research Park, one of Europe’s biggest concentrations of researchers in the fields of environment, health and plant science. www.uea.ac.uk.

NOTES:

/ A copy of the paper is available via the following Dropbox link: https://www.dropbox.com/scl/fo/xa2i4o4h0n0fmanx8iv8j/ADANqpwZb0Py0jZqdwzYjJQ?rlkey=f3imuj9989eexi06ls1eqrk2e&st=ipa9nu3s&dl=0

/ The University of East Anglia (UEA) is a UK Top 25 university for research quality (Times Higher Education Rankings 2026) and UK 26th in the Complete University Guide. It also ranks in the World Top 60 (QS World Rankings for Sustainability 2025) and the World Top 20 for reduced inequalities and World Top 200 (Times Higher Education Impact Rankings 2025). Known for its world-leading research and good student experience, its 360-acre campus has won nine Green Flag awards in a row for its high environmental standards. The University is a leading member of Norwich Research Park, one of Europe’s biggest concentrations of researchers in the fields of environment, health and plant science. www.uea.ac.uk.  

Australia – Early bird tickets now on sale for the 2026 AgriFutures Rural Women’s Award Gala Dinner & National Announcement

Source: AgriFutures Australia

The National Winner and Runner-up of the 2026 AgriFutures Rural Women’s Award will be announced at a Gala Dinner at the Great Hall, Parliament House in Canberra on Tuesday, 8 September 2026.

Celebrating the ingenuity and leadership of women shaping rural and regional Australia, the black-tie celebration will bring together alumni, government officials, industry leaders and supporters from across the country for a night of inspiration, genuine connection and regional storytelling.
 
The event is now open to the public to purchase tickets here: https://agrifutures.com.au/events/rural-womens-award-gala-dinner-and-national-announcement-26-2/
 
Delivered with the support of platinum sponsor, Westpac the AgriFutures Rural Women’s Award showcases the critical role women play in rural, regional and remote businesses, industries and communities.
 
The annual Gala Dinner is a celebration of forward-thinking, courageous leaders from industries spanning some of Australia's most remote regions. This year’s national finalist are Angie Nisbet (QLD), Kristie Ivone (NSW/ACT), Becky Dickinson (VIC), Amy Vickers (TAS), Narelle Zanker (SA), Angela Teale (WA) and Kelly Shotton (NT).
 
2025 AgriFutures Rural Women's Award national winner Carol Mudford will MC the evening. A NSW shearer, registered nurse and mental health advocate, Carol founded sHedway, a national not-for-profit tackling suicide prevention in the shearing industry.

AgriFutures Managing Director, Brianna Casey AM said the Award continues to grow in influence and impact with every passing year.

“These are women who don't just contribute to their communities, they transform them. The Gala Dinner is our chance to honour the newest cohort of changemakers and celebrate the leadership that continues to shape the future of rural and regional Australia,” she said.

Background Information
 
Now celebrating its 26th year, the AgriFutures Rural Women’s Award has become a nationally recognised platform of influence across parliament, industry, media and its extensive alumni network.
 
Each state and territory winner receives a $15,000 grant for their project, business or program, access to professional development opportunities and alumni networks.
 
The National Winner and Runner-up will receive an additional grant of $20,000 and $15,000, respectively, thanks to the Award’s platinum sponsor, Westpac.
 
AgriFutures Australia is committed to the future growth and advancement of the Award as a means of identifying, celebrating and empowering women. The Rural Women’s Award is one of many AgriFutures Australia initiatives ensuring our rural industries prosper now, and into the future.
 
For more information about the Award, head to www.agrifutures.com.au/rwa

Ticket Information
Tickets can be purchased here: https://agrifutures.com.au/events/rural-womens-award-gala-dinner-and-national-announcement-26-2/
 
Ticket TypePrice
General Public – Early Bird$220
General Public$260
Table Ticket (9 pax) – Early Bird$1,760
Table Ticket (9 pax)$2,080
Rural Women’s Award Alumni$180

 
About AgriFutures Australia
AgriFutures Australia is the trading name for the Rural Industries Research & Development Corporation (RIRDC), a statutory authority of the Federal Government established by the Primary Industries Research and Development Act 1989.
 
AgriFutures invests in research, innovation and leadership to grow the long-term prosperity of Australian agriculture. We support 13 levied industries driving growth through targeted research, development and extension that strengthens industry productivity, sustainability and competitiveness.
 
AgriFutures also delivers national programs that address industry-wide challenges and opportunities, connects global agrifood innovation networks, and builds leadership across the agricultural sector.
 
Research investments made or managed by AgriFutures Australia, and publications and communication materials pertaining to those investments, are funded by industry levy payers and/or the Federal Government.

Ebola – Statement of Dr Alan Gonzalez, deputy director of operations for Medecins Sans Frontieres (MSF)

Source: Medecins Sans Frontieres (MSF)

On the occasion of the high-level visit to Bunia, Ituri Province, Democratic Republic of Congo by the Director-General of the World Health Organization Dr. Tedros Adhanom Ghebreyesus

30 May 2026: “Two weeks after the declaration of the Ebola disease outbreak in Ituri Province, the situation is deeply alarming and a legitimate source of anxiety for communities and frontline health workers alike.

Never before has an Ebola outbreak recorded so many cases so soon after its declaration.  

Like everyone in the affected areas, Médecins Sans Frontières (Doctors Without Borders / MSF) teams are witnessing a response that has not yet caught up to the rapid spread of the epidemic.

Unlike most previous Ebola disease outbreaks, this one involves the Bundibugyo virus, for which there are no approved vaccines or specific treatments, and which is particularly difficult to diagnose due to limited testing capacity.

The reality today is that nobody knows the true scale and severity of this outbreak.

New suspected cases are being reported daily, yet hundreds of samples remain untested.

At the same time, major constraints, including border and airport closures, continue to delay the arrival of critical medical supplies, humanitarian aid, and specialized personnel. We know from experience that these measures severely hinder outbreak response, and isolate countries that urgently need international support.

This outbreak is making those consequences painfully clear.

The number of expert medical organizations responding on the ground is still far too limited, and the level of support being provided – including our own – falls far short of what is needed.

People urgently need a response that matches the scale of the crisis they are facing.

To bring the situation under even partial control, there must be an immediate expansion of testing capacity.

This must be accompanied by a rapid, coordinated and tailored scale-up of the overall response, supported by experienced medical and humanitarian organizations, alongside guaranteed and sustained access for the swift entry of medical supplies and humanitarian staff into affected areas.

This outbreak is unfolding in a context where medical needs are already acute, and we are now at real risk of a silent escalation of other critical health problems people face every day. So many health facilities are overwhelmed, and access to regular, non-Ebola care is affected while many people remain at home, too afraid to seek care.

The response cannot succeed if it is imposed on communities rather than built with them. Every aspect of the response must be rooted in continuous engagement with communities — listening to concerns, addressing fear and misinformation, and building trust so that people feel safe seeking care.

Trust and active community participation are essential to controlling the spread of the disease and saving lives.

And the effectiveness of the response will ultimately depend on whether people believe in it.”

MSF is an international, medical, humanitarian organisation that delivers medical care to people in need, regardless of their origin, religion, or political affiliation.  MSF Australia was established in 1995 and is one of 24 international MSF sections committed to delivering medical humanitarian assistance to people in crisis. Every year more than 120 Australians and New Zealanders go on assignment with Médecins Sans Frontières  working as: doctors, midwives, psychologists, laboratory technicians, human resource/finance coordinators, pharmacists, mental health specialists and logisticians. MSF delivers medical care based on need alone and operates independently of government, religion or economic influence and irrespective of race, religion or gender. For more information visit msf.org.au  

Economy – Iran exit from talks puts $100 Brent in sight: deVere CEO

Source: deVere Group

June 1 2026 – Brent oil looks set to move above $100 and potentially stay there for a while. That scenario would change the game for investors.

This is the warning from Nigel Green, CEO of the global financial advisory giant deVere Group, after reports that Iran has halted negotiations with the United States and threatened to close the Strait of Hormuz, sending oil prices sharply higher and raising fresh doubts about how quickly the conflict can be brought under control.

The latest escalation comes as markets are being forced to confront a possibility many had been reluctant to fully embrace: that the conflict could last far longer than expected, keeping pressure on energy prices and inflation worldwide.

Nigel Green says: “Iran pulling out of talks changes the picture.

“The market has spent months assuming there would be a diplomatic exit. Today that assumption looks much harder to defend.

“Oil is already reacting, and I think it goes higher. I can't see this being resolved quickly.”

Oil prices surged after Iran's state-affiliated Tasnim news agency reported that Tehran would stop indirect negotiations with Washington and move toward closing the Strait of Hormuz in response to what it described as violations of the ceasefire agreement.

The development has heightened concern because the Strait of Hormuz remains one of the world's most important energy corridors, carrying around one-fifth of global oil consumption and a significant share of international LNG supplies.

The reports also referenced the Bab el-Mandeb Strait, another strategically important maritime route linking the Red Sea with the Gulf of Aden.

Nigel Green says investors have repeatedly looked beyond military escalation because they believed negotiations would eventually resume.

“Investors have been remarkably willing to look through the setbacks.

“Every time tensions increased, the prevailing view was that diplomacy would eventually catch up.

“At some stage markets stop giving negotiations the benefit of the doubt.”

Despite months of conflict, crude prices have remained below levels normally associated with severe supply disruptions, reflecting confidence that the fighting would ultimately remain contained.

This confidence is now facing its toughest test.

The significance extends far beyond the oil market itself.

A sustained move above $100 crude would risk reigniting inflation concerns just as many major central banks have been moving towards lower interest rates. Higher energy costs tend to ripple quickly through economies, affecting transportation, manufacturing, business costs and household spending.

Nigel Green says the latest developments could force investors to reassess some of the assumptions that have supported markets this year.

“One of the reasons markets have remained resilient is because investors have expected inflation pressures to continue easing.

“A prolonged period of higher oil prices complicates that outlook.

“It raises questions about inflation, interest rates, corporate profitability and consumer demand at the same time.

“That's why this matters beyond the energy sector. Investors aren't only watching oil. They're watching what higher oil could mean for the broader economy.”

Nigel Green says one of the biggest risks is that markets have underestimated how long the conflict could last.

“The consensus view has been that the war would be contained and eventually brought under control.

“I think many investors have been expecting something measured in weeks rather than months.

“If we're still discussing suspended negotiations and threats to major shipping routes later in the summer, that expectation will come under serious pressure.”

The deVere CEO believes energy markets are beginning to signal a reassessment of that outlook.

“Brent looks set to move above $100 and potentially stay there for a while.

“The market can absorb disappointment for a period of time. But eventually repeated disappointments change expectations.

“If confidence in a diplomatic solution continues to weaken, oil prices have further room to move higher from here.”

deVere Group is one of the world's largest independent advisors of specialist global financial solutions to international, local mass affluent, and high-net-worth clients.  It has a network of offices around the world, more than 80,000 clients, and $14bn under advisement.

GlobalData – Philippines fixed communication services revenue to grow at 2.7% CAGR over 2025-30, forecasts GlobalData

Source: GlobalData

The total fixed communication services revenue in the Philippines is forecast to increase at a compound annual growth rate (CAGR) of 2.7% from $3.8 billion in 2025 to $4.3 billion in 2030, mainly driven by growth in the fixed broadband segment, according to GlobalData, a leading intelligence and productivity platform.

GlobalData’s Philippines Fixed Communication Forecast (Q4 2025) reveals that fixed voice services revenue will decline at a CAGR of 7.4% over the 2025-30 period, in line with a decline in fixed voice average revenue per subscriber (ARPU) levels, as users increasingly adopt mobile/OTT-based communication services and as operators increasingly offer free voice minutes with their bundled plans.

Srikanth Vaidya, Telecom Analyst at GlobalData, comments: “Fixed broadband service revenue, on the other hand, will increase at a CAGR of 4.2% during 2025-30, driven by growth in broadband subscriptions, especially fiber optic (FTTH/B) broadband subscriptions.”

Fiber lines accounted for a majority share of 85% of the total fixed broadband lines in 2025, which will increase to about 91% by 2030, supported by the government and operator investments in fiber network infrastructure and FTTH service expansions. For instance, PLDT deployed FTTH in all cities and in majority of the municipalities in the country in 2025.

PLDT will lead the fixed voice services segment in terms of subscriptions through 2030. The operator will also top the fixed broadband services market, by subscriptions, supported by its strong position in DSL and FTTH service lines. The operator has earmarked a capex of around PHP50 billion ($0.81 billion) for 2026 to expand the reach and capability of its FTTH network and increasing its international bandwidth capacity.

Vaidya concludes: “The fixed communication services market in the Philippines is poised for growth, driven by technological advancements, regulatory support, and changing consumer behavior. As the demand for high-speed and reliable internet continues to rise, providers are likely to focus on expanding their infrastructure and enhancing service offerings to remain competitive in this evolving landscape.”

GlobalData’s Philippines Fixed Communication Forecast

GlobalData’s Philippines Fixed Communication Forecast quantifies current and future demand and spending on fixed voice and data services. The data is published quarterly.

About GlobalData:

GlobalData Plc (LSE:DATA) operates an intelligence platform that empowers leaders to act decisively in a world of complexity and change. By uniting proprietary data, human expertise, and purpose-built AI into a single, connected platform, we help organizations see what is coming, move faster, and lead with confidence. Our solutions are used by over 5,000 organizations across the world’s largest industries, providing tailored intelligence that supports strategic planning, innovation, risk management, and sustainable growth.

Energy Sector – Recommendation from the nomination committee of Equinor ASA

Source: Equinor

01 JUNE 2026 – The nomination committee of Equinor ASA recommends that the company's corporate assembly elects Jarle Roth as new chair of the board of directors of Equinor ASA.

Furthermore, the nomination committee recommends re-election of Anne Drinkwater as deputy chair, in addition to Finn Bjørn Ruyter, Haakon Bruun-Hanssen, Mikael Karlsson, Fernanda Lopes Larsen and Dawn Summers as members of the board of directors of Equinor ASA. Jon Erik Reinhardsen, who has been the chair of the board since 2017, would like to resign from the board of directors.

Jarle Roth has been a member of the board since 1 December 2025.

Jarle Roth is an independent advisor. Roth has held CEO roles in multiple Norwegian companies, including at Eksportkreditt Norge AS, Arendals Fossekompani ASA, Umoe Group, Schat-Harding and Unitor ASA. His career spans across industrial investment management, change management, energy transition initiatives, financing of Norwegian export industries and global shipping services. He has extensive experience from major listed companies. His boardroom experience includes governance, risk management, strategy, M&A, and sustainability. Internationally, Roth has led and integrated businesses with activities within Europe, Americas and Asia.

Roth has previously served as chair of the nomination committee and corporate assembly of Equinor ASA.

Roth has a MSc of Finance and Business Administration (“siviløkonom”) from the Norwegian School of Economics (NHH).

The election to the board of directors of Equinor ASA will be held in the company's corporate assembly meeting Monday 8 June 2026. It is proposed that the election enters into effect from 1 July 2026 and until the ordinary election of members to the board of directors in June 2027.

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

KOF Economic Barometer: Economic outlook remains muted

Source: KOF Economic Institute

The KOF Economic Barometer increases slightly in May. Despite also increasing in the previous month, it continues to stay below its medium-term average. The outlook for the Swiss economy remains muted.

In May, the KOF Economic Barometer rises by 0.2 points to a level of 98.0 (after revised 97.8 in the previous month). The almost unchanged Barometer is apparent in the mixed developments of the indicator bundles included in the KOF Economic Barometer. 

Among the production side indicator bundles, the indicators for manufacturing are particularly under pressure, which is inter alia cushioned by a positive outlook in the indicators for financial and insurance services. While on the demand side, the indicators for foreign demand exhibit more favourable developments, the indicators for private consumption experience a setback.

The developments within the producing industry (manufacturing and construction) are similarly mixed. The sub-indicators for order backlogs, stocks of finished products and the general business situation show an improved outlook. However, the sub-indicators for exports and production activity are weakening.

Among the sub-indicators within manufacturing, the indicators for paper and printing products show particularly positive developments. In contrast, the sub-indicators for the textile industry as well as for the electrical industry experience a setback.

Israel Conflict – Amid large-scale forced displacement orders, the deteriorating situation in Southern Lebanon is severely impacting people, and their access to healthcare – MSF

Source: Médecins Sans Frontières Australia

29 May 2026:  Despite the so-called ceasefire, we are currently witnessing an alarming situation in Southern Lebanon. There is ongoing Israeli military escalation expanding northwards, and large-scale forced displacement orders are impacting most of the south of the country.  

In recent days, our teams supporting local hospitals in Tyre (Sour) and Nabatiyeh have received successive waves of casualties amid a rapidly deteriorating security context. Hundreds of strikes have been reported in the areas where we work, 9 health workers have been killed, 48 injured, and 7 ambulances have been hit in just 10 days, according to the WHO.

In the hospitals we support, civilians continue to arrive with severe injuries — including skull fractures, traumatic brain injuries, and shrapnel from drone explosions lodged in their lungs and liver. In some cases, entire families have been injured or killed.

This worsening situation risks having further consequences on people’s access to healthcare. If medical teams, including MSF staff, are forced to suspend activities, communities will be left without life-saving care at a time when needs are critical.

MSF reiterates its calls on Israeli authorities to guarantee the protection of civilians, medical and rescue personnel, and health facilities.”

Jeremy Ristord, MSF Head of Mission in Lebanon

Please find a video featuring Dr Mina, an ER doctor working in Nabatiyeh, explaining the impact of the attacks on healthcare.  'On 22 May 2026, attacks carried out by Israeli forces killed 7 paramedics in the Tyre district. This comes just over a week after Israeli forces killed 2 MSF-supported civil defense paramedics in Nabatiyeh. The targeting of healthcare workers must never be normalized. Attacking healthcare workers is a war crime.'

https://media.msf.org/Share/j4e727c30f4cu606cb8ebw45sur528de

MSF is an international, medical, humanitarian organisation that delivers medical care to people in need, regardless of their origin, religion, or political affiliation.  MSF Australia was established in 1995 and is one of 24 international MSF sections committed to delivering medical humanitarian assistance to people in crisis. Every year more than 120 Australians and New Zealanders go on assignment with Médecins Sans Frontières  working as: doctors, midwives, psychologists, laboratory technicians, human resource/finance coordinators, pharmacists, mental health specialists and logisticians. MSF delivers medical care based on need alone and operates independently of government, religion or economic influence and irrespective of race, religion or gender. For more information visit msf.org.au

Tech – ONEKEY Ensures Transparency: Secure Encryption for Future Quantum Security

Source: ONEKEY

CEO Jan Wendenburg: “Many manufacturers have no insights into the encryption software used in their devices, nor an understanding of how vulnerable these systems may become in the era of quantum computing.”

Düsseldorf, May 28, 2026 — As the industry prepares for the transition to post-quantum cryptography (PQC), many manufacturers of digital devices, machines, and systems are facing a fundamental challenge that has been underestimated until now. They lack an overview of the cryptography used in their products and systems. The Düsseldorf-based cybersecurity company ONEKEY offers a solution with its Product Cybersecurity & Compliance Platform. The platform provides transparency regarding the cryptographic components within firmware, thereby laying the groundwork for a structured migration towards quantum-secure methods.

The urgency to act is increasing rapidly. Advances in quantum computing are accelerating the race between offensive and defensive cybersecurity capabilities. Technology manufacturers and government entities are investing heavily in developing powerful quantum computers. Meanwhile, a potential attack scenario that security experts have discussed for years is becoming more significant: “Harvest now, decrypt later”. In this scenario, encrypted data is intercepted and stored so that it can be compromised at a later date using more powerful decryption methods. This means that even data and processes currently considered secure could be at risk in the long term.

Shor and Grover Pose a Threat to Traditional Encryption

The technological challenge is immense. Shor's algorithm is a quantum algorithm that factors large numbers extremely quickly. This threatens the security of commonly used asymmetric cryptosystems, such as RSA, Elliptic Curve Cryptography (ECC), and Diffie-Hellman, because it jeopardizes today's encryption methods. The Grover algorithm is another quantum algorithm that solves unstructured search problems quadratically faster than classical computers and reduces the security of symmetric methods.

Jan Wendenburg, CEO of ONEKEY, explained that the consequences are far-reaching: “A large portion of the cryptographic methods used today will no longer be considered secure in the future. However, migrating to new, quantum-secure methods is not a short-term project but rather a multi-year transformation process with significant implications. Our platform helps create transparency today, build an inventory, and thus prepare for the migration.”

Structural Shortcoming: Lack of Transparency

At the center of the challenge lies a structural shortcoming. Manufacturers often lack detailed knowledge of which cryptographic algorithms they use, where these algorithms are implemented, which libraries are employed, and which protocols are active. This is especially true with complex products featuring long lifecycles, embedded software, and a wide variety of third-party components. Without transparency, developing a well-founded PQC strategy is practically impossible.

This is where ONEKEY comes in. The platform automatically analyzes binary firmware without requiring the source code and identifies the cryptographic elements within it at various levels. These include algorithms, cryptographic libraries, and specific implementations. The analysis is scalable across large firmware repositories and enables companies to systematically inventory their cryptographic landscape for the first time.

ONEKEY Query Language for Large Datasets

ONEKEY's differentiating feature is the ONEKEY Query Language (OQL). It enables users to formulate targeted queries across extensive datasets and obtain precise answers. For instance, companies can use OQL to determine which products use RSA, identify potentially insecure or outdated methods, and pinpoint which components depend on specific cryptographic libraries. This comprehensive analysis provides an aggregated view across different product lines and organizational units, thereby enhancing management's ability to guide the business.

A realistic assessment is crucial here. A fully automated Crypto-SBOM (software bill of materials)—that is, a complete list of all cryptographic components—has not yet been established across the industry. However, ONEKEY already enables a practical approach to achieving this goal. Manufacturers gain concrete, reliable insights into their cryptographic attack surface and can use them to derive prioritized measures. As Jan Wendenburg summarized: “Transparency is the essential first step on the path to PQC readiness.”

Prompt Action Is Urgently Needed

The time factor further underscores the urgency of the situation. According to a principle formulated by cryptography expert Michele Mosca, risk arises when the total duration of protecting sensitive data and migrating it exceeds the time remaining until powerful quantum computers become available. For many companies, this means: Those who wait to react until quantum-based attacks are practically possible will be too late.

In addition to taking inventory, other challenges arise. For example, quantum-secure methods often require longer key lengths and altered performance characteristics. Existing protocols must be adapted or redesigned entirely. Additionally, there is a need to understand and manage dependencies in software supply chains. Without a robust database on the cryptography in use, these tasks cannot be managed efficiently or with minimized risk.

Against this backdrop, a pragmatic approach is becoming increasingly important. Rather than waiting for future technologies, companies should start analyzing their current situation today and organizing it in a structured manner. This is where ONEKEY provides immediate value by helping organizations close a critical transparency gap and establish the foundation for long-term PQC migration planning.

ONEKEY is the leading European specialist in Product Cybersecurity & Compliance Management and part of the investment portfolio of PricewaterhouseCoopers Germany (PwC). The unique combination of the automated ONEKEY Product Cybersecurity & Compliance Platform (OCP) with expert knowledge and consulting services provides fast and comprehensive analysis, support, and management to improve product cybersecurity and compliance from product purchasing, design, development, production to end-of-life.

Critical vulnerabilities and compliance violations in device firmware are automatically identified in binary code by AI-based technology in minutes – without source code, device, or network access. Proactively audit software supply chains with integrated Software Bills of Materials (SBOMs) generation. “Digital Cyber Twins” enable automated 24/7 post-release cybersecurity monitoring throughout the product lifecycle.

The patent-pending, integrated ONEKEY Compliance Wizard already covers the EU Cyber Resilience Act (CRA) and requirements according to IEC 62443-4-2, ETSI EN 303 645, UNECE R 155 and many others.

The Product Security Incident Response Team (PSIRT) is effectively supported by the integrated automatic prioritisation of vulnerabilities, significantly reducing the time to remediation.