MIL Email Publisher – Foreign Submissions

September 10 2025 – Wholesale prices in the US unexpectedly fell in August, adding fresh momentum to bets that the Federal Reserve will cut interest rates next week, with markets now focused on tomorrow's consumer price index for the final confirmation.

This is the bullish analysis from the CEO of one of the world's largest independent financial advisory and asset management organizations as the Bureau of Labor Statistics reported Wednesday that the producer price index (PPI) fell 0.1% in August, compared to expectations for a 0.3% rise.

Core PPI, which strips out volatile food and energy components, also declined 0.1% against forecasts of a 0.3% increase.

Nigel Green, chief executive of deVere Group, comments: “This surprise decline in wholesale prices strengthens the already powerful case for the Fed to begin easing policy.

“The debate is no longer about whether the central bank cuts rates, but about the size of that first cut. Futures markets are fully pricing in a 25-basis-point reduction, with growing speculation around a larger 50-point move.”

Markets immediately reinforced that view. Treasury yields slipped further as bond traders positioned for easier policy.

The dollar weakened against major peers, while risk-sensitive currencies such as the Australian and New Zealand dollars advanced. Gold and silver remained elevated, reflecting ongoing demand for hedges in a looser monetary environment.

“This PPI release is crucial because it signals that underlying price pressures are not only moderating but, in some categories, reversing,” explains the deVere CEO.

“It reduces the risk that the Fed faces a credibility problem if it cuts rates with inflation still running hot. Today's numbers give policymakers the space they need.”

The focus now shifts to Thursday's CPI report, which will provide the most important signal ahead of the September FOMC meeting. Traders expect that even an upside surprise would alter only the size of the cut, not its inevitability.

“Tomorrow's CPI will be dissected line by line, but the bigger picture is already clear,” adds Nigel Green.

“With the labor market weakening after last week's sweeping payroll revisions, and now producer prices cooling, the Fed has the green light. Inflation is no longer the binding constraint it once was. Growth and jobs are taking precedence.”

President Donald Trump's calls for lower rates, aimed at countering the impact of sweeping tariffs and reducing borrowing costs on national debt, have added to the backdrop, though the PPI decline underscores that economic conditions themselves justify action.

Nigel Green concludes: “Today's PPI shock locks in the trajectory.

“Tomorrow's CPI may set the pace, but the destination is unchanged: the Fed is about to cut rates for the first time since 2020.

“Markets are preparing accordingly, and equities look set to push into record territory.”

Responding to the Hong Kong government’s rejection of a bill that proposed a new legal framework for registering same-sex partnerships, Amnesty International’s Researcher/Policy Advisor on Gender, Nadia Rahman, said:

“Today the Hong Kong government has failed to address the inequality faced by same-sex couples in all areas of their lives. The proposed bill on same-sex partnerships was flawed, but in rejecting it the government has shown an alarming disdain for LGBTI rights.

“This bill would have provided the bare minimum of protection for same-sex couples – but notably, only those who registered their partnership overseas. On this and other grounds, the draft considered today falls far short of the intentions of the Court ruling that triggered it two years ago.

“Yet even a small step forward in rights for same-sex couples has proved unpalatable to the Legislative Council. It is a setback which shows just how far Hong Kong has to go before everyone in the city can enjoy equal rights.

“The failure of this bill must not be the end of efforts to improve the rights of same-sex couples in Hong Kong. On the contrary, it should be the catalyst for the authorities to produce a stronger bill that enables LGBTI people in Hong Kong to live with equality and dignity.

“Authorities must now urgently introduce a revised bill that establishes a comprehensive legal framework to recognize and protect the rights of same-sex couples, in full compliance with the Court’s ruling. No one should face discrimination because of who they are or whom they love.”

Background

Heather Boushey named Professor of Practice at Kleinman Center for Energy Policy

The Kleinman Center for Energy Policy at the University of Pennsylvania’s Stuart Weitzman School of Design is pleased to announce former White House economist Heather Boushey as its newest professor of practice. Boushey will take a leadership role in defining new opportunities for economic policy to influence the energy transition.

Boushey recently served as a member of President Biden’s Council of Economic Advisers and chief economist for the White House’s Investing in America cabinet, where she was central in shaping and implementing the administration’s industrial policy agenda.

“We are delighted to have Heather join a community of scholars here who also care deeply about the energy transition,” said Weitzman Dean and Paley Professor Fritz Steiner.

“Heather brings a wealth of experience from the D.C. policymaking arena,” said Sanya Carley, the Mark Alan Hughes Faculty Director of the Kleinman Center. “And throughout her career she has demonstrated a commitment to a fair economy for all.”

Boushey co-founded the Washington Center for Equitable Growth, where she advanced research on how inequality affects economic performance. Early in her career, she was an economist for the Center for American Progress, Joint Economic Committee of the U.S. Congress, Center for Economic and Policy Research, and Economic Policy Institute.

In one of her books, Unbound: How Economic Inequality Constricts Our Economy and What We Can Do About It, Boushey argues that we do not have to choose between equality and prosperity. Through the data, she demonstrates that rising inequality has in fact deterred growth and is an impediment to a competitive U.S. marketplace. Boushey also co-edited After Piketty: The Agenda for Economics and Inequality, a volume of 22 essays about integrating inequality into economic thinking.

Boushey is widely respected as a leader in her industry. The New York Times called her one of the “most vibrant voices in the field,” and “at the forefront of a generation of economists rethinking their discipline,” and Politico has twice named her one of the top 50 “thinkers, doers and visionaries transforming American politics.”

“I’m looking forward to continuing my career here at the Kleinman Center—moving research and policy forward on topics essential to a sustainable energy transition, which itself, is a critical component of a healthy economy,” said Boushey, who received her Bachelor of Arts degree from Hampshire College and her Ph.D. in economics from the New School for Social Research. She arrives at Penn in September, following a senior fellowship at the Reimagining the Economy project at the Harvard Kennedy School.

With today’s announcement, the Kleinman Center expands its impact on campus with a total of four professors dedicated to energy policy research and teaching.

Jennifer Wilcox, with an expertise in carbon management, was the first professor to join the Kleinman Center and holds a second appointment in the School of Engineering and Applied Science. Shelley Welton focuses on energy institutions and governance. She holds a second appointment at Penn Carey School of Law. Sanya Carley specializes in energy policy design and holds a second appointment in the Department of City and Regional Planning at the Stuart Weitzman School of Design. Carley is also the faculty director of the Kleinman Center.

About the Kleinman Center. The Kleinman Center for Energy Policy operates within the University of Pennsylvania Stuart Weitzman School of Design. Its mission is to create the conditions for innovative energy policy that support smart, responsible, and creative decision making.

About the Weitzman School. The University of Pennsylvania Stuart Weitzman School of Design prepares students to address complex sociocultural and environmental issues through thoughtful inquiry, creative expression, and innovation. As a diverse community of scholars and practitioners, we are committed to advancing the public good—both locally and globally—through art, design, planning, and preservation.

First automated tool that quickly analyses RNA changes across thousands of biological samples
Scientists can now better understand how cells adapt to stress, infections or diseases by studying tiny chemical changes in RNA – a molecule that carries genetic instructions from DNA and regulates how genes respond to challenges
This will help the healthcare and biomedical industry better identify disease markers, and develop targeted therapies and personalised treatment for diseases such as cancer and antibiotic-resistant infections

Singapore, 04 September 2025 – Researchers at the Antimicrobial Resistance (AMR) interdisciplinary research group of the Singapore-MIT Alliance for Research and Technology (SMART), Massachusetts Institute of Technology’s (MIT) research enterprise in Singapore, have developed a powerful tool capable of scanning thousands of biological samples to detect transfer ribonucleic acid (tRNA) modifications — tiny chemical changes to RNA molecules that help control how cells grow, adapt to stress and respond to diseases such as cancer and antibiotic‑resistant infections. This tool opens up new possibilities for science, healthcare and industry — from accelerating disease research and enabling more precise diagnostics, to guiding the development of more effective medical treatments for diseases such as cancer and antibiotic-resistant infections.

The research was led by SMART AMR, in collaboration with Nanyang Technological University (NTU Singapore), University of Florida, University at Albany, Lodz University of Technology and MIT.

Addressing current limitations in RNA modification profiling

September 8 2025 – The euro and French government bonds are bracing for renewed turbulence, warns global financial advisory giant deVere Group, as investors weigh the fallout of a political showdown in Paris that could topple Prime Minister François Bayrou's minority administration.

The common currency slipped from a five-week high against the dollar as traders booked profits and cut risk exposure ahead of a knife-edge confidence vote in France.

With Bayrou struggling to secure parliamentary backing for his austerity-driven budget, markets are preparing for the prospect of yet another collapse in government and a fresh wave of political uncertainty in the eurozone's second-largest economy.

Nigel Green, chief executive of deVere Group, says: “The euro is in for short-term swings as political risk in France intensifies.

“Investors are repositioning quickly because the prospect of Bayrou's government falling is very real, and the implications extend far beyond Paris.

“This matters for Europe's credibility on fiscal discipline and for wider market sentiment.”

Bayrou's €44 billion package of budget cuts, intended to narrow the deficit from 5.8% of GDP in 2024 to 4.6% in 2026, has met resistance across the political spectrum.

Opposition parties from both left and right have refused to back his plans, condemning proposed spending freezes, tax increases, and even controversial measures such as scrapping two public holidays.

If the confidence vote fails, it would mark the second French government collapse in less than a year, after Michel Barnier's administration imploded last December.

French bond yields have already begun reflecting investor nerves. The 30-year yield climbed last week before retreating, and now hovers at 4.35%, while the 10-year stands at 3.43%.

Traders fear a sustained period of political paralysis could drive yields higher, tightening financial conditions in a country already under pressure from sluggish growth, heavy debt loads, and European Union budget rules.

Nigel Green notes: “The bond market is a barometer of confidence, and right now it's flashing amber.

“Investors are demanding more compensation to hold long-dated French debt because the political backdrop is so uncertain. This uncertainty could easily spill over into the wider eurozone market.”

If Bayrou's administration collapses, President Emmanuel Macron would be forced to name his fifth prime minister in less than two years, underscoring the instability at the heart of French politics.

Macron's decision to call a snap parliamentary election last year was meant to clarify the balance of power but instead fractured it further, leaving France with a cycle of weak minority governments unable to build consensus.

The fallout of this latest episode will not be confined to France alone. The euro, already under pressure from divergent growth and inflation dynamics across the bloc, “will face renewed scrutiny,” explains the deVere CEO.

Investors are “sensitive to signs that one of the eurozone's core economies is politically rudderless”, particularly at a time when global markets are on edge over interest rate shifts and slowing global trade.

Nigel Green says: “We expect heightened volatility in the euro as traders reassess European risk.

“Political instability in a major member state undermines confidence in the currency, particularly when the European Central Bank is already navigating complex policy choices on inflation and growth.

“Currency markets dislike uncertainty, and that's exactly what France is delivering right now.”

While longer-term structural reforms may eventually emerge, the near-term picture is fraught with risk.

A government collapse could mean fresh elections or drawn-out coalition talks, both of which would prolong instability and spook international investors. In the meantime, traders will price in wider risk premiums for eurozone assets.

Nigel Green concludes: “The euro and French bonds are set for short-term turbulence. Investors should be prepared for choppier trading conditions as politics drives sentiment.

“For those with an eye on the medium term, volatility also creates opportunity, but the next few weeks will demand heightened vigilance.

“For now, both the euro and French sovereign debt are caught in the crossfire of a confidence vote that could reshape the balance of power in Europe.”

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.

08 SEPTEMBER 2025 – Equinor and Shell announce the appointment of Neil McCulloch as Chief Executive Officer and Nicoletta Giadrossi as Chair of their offshore UK Incorporated Joint Venture, Adura.

These appointments mark a key step in establishing Adura as the UK North Sea’s largest independent producer, underscoring the company’s focus on operational excellence, strong governance, and a clear vision for the future of UK oil and gas.

Neil McCulloch

Neil McCulloch brings more than 30 years of leadership experience in the energy sector, with a strong track record in improving operational and safety performance. He is currently the CEO of Spirit Energy, and has championed the role of oil and gas in supporting the UK’s energy transition.

“I’m honoured to lead Adura at this pivotal moment,” said McCulloch. “Adura has a clear purpose — to deliver secure energy for the UK. I look forward to working with our talented team to build a business that is operationally excellent, future-focused, and grounded in strong values.”

Nicoletta Giadrossi

Nicoletta Giadrossi is an experienced Chair and Non-Executive Director in listed and private companies in Energy and Infrastructure. She has led four boards and is currently chairing MSX International, a global company providing technical services to the mobility sector. Nicoletta is also a board member in Vopak NV, the global storage infrastructure company, and in Renew Global plc, the leading renewables producer in India.

“Adura represents a unique opportunity to shape the future of UK energy,”said Giadrossi. “I’m excited to work with Neil and the Board to ensure Adura delivers long-term value for all stakeholders — with safety, sustainability, and performance at its core.”

The creation of Adura was announced in December 2024, following the decision by Equinor and Shell to combine their UK offshore oil and gas assets into a new incorporated joint venture. Adura will sustain domestic oil and gas production and security of energy supply in the UK and beyond, headquartered at the Silver Fin building in Aberdeen city centre.

Work continues towards securing regulatory approvals, with launch of Adura anticipated by the end of 2025.

Notes

The NSW border town of Albury experienced a 16-fold increase in net migration from capitals in the year to June 2025.

Regional Australia remains a strong draw for city dwellers, with 26 per cent more people relocating from capital cities to regional areas than vice versa, according to the June Quarter Regional Mover Index (RMI).

Top-performing centres such as Albury (NSW), Townsville (QLD), and Bendigo (VIC) are attracting new residents with their affordability, lifestyle, and opportunities. After taking the lead in the March quarter, Greater Geelong has slipped back to second place. The Sunshine Coast returned to the number one spot for net migration to Australia’s regions in the year to June 2025.

“Across Australia, this quarterly report shows an overall downturn in movement across the country of 15.2 per cent, which includes capital to capital relocation. However, regional Australia is no longer a second choice – it’s the smart choice. From career opportunities to community connection, the regions are delivering,” said Liz Ritchie, CEO of the Regional Australia Institute (RAI).

Queensland maintains its position as a leading destination for internal migration, boosting its share of net movement from capital cities to regional areas from 19 per cent in 2023-2024 to 31 per cent in 2024–25, now second only to New South Wales at 34 per cent. Tasmania also reversed its net outflows, recording a 4 per cent net inflow to regional areas.

The East Pilbara region in WA led growth hotspots with a 311 per cent annual increase in migration, followed by Hinchinbrook (QLD), Murrindindi (NSW), Greater Shepparton (VIC), and Albury (NSW).

Albury saw an incredible 16-fold increase in net migration from capitals in the year to June 2025.

“Albury and neighbouring Wodonga offer exceptional lifestyle and economic opportunities attracting both business investment and workers choosing to relocate there,” said Kylie Allen, CBA's Executive General Manager Regional and Agribusiness Banking.

“With more affordable land in close proximity to major cities and airports, a range of major employers based there that are continuing to recruit, educational institutions and many lifestyle benefits, it’s no surprise to see how these regions are thriving.

“Albury and Wodonga are an example of how successful regions have a mix of good infrastructure, employment opportunities, available housing and lifestyle benefits to attract the many Australians who want to leave the cities for a tree change. It’s exciting to see how many regional businesses, and large employers, are looking for ways to create opportunity in regional Australia to create prosperity in their communities and drive growth.”

The Australian Government has committed $7 million to three new projects in Albury-Wodonga, including the Oddies Creek Splash Park, Wodonga Creek precinct, and the Advanced Manufacturing Centre of Excellence.

One company aiming to take advantage of the opportunities in Albury is Beechworth Bakery. Founded in 1984, the business has grown into a regional icon with eight locations across Victoria and New South Wales, employing around 300 staff. Managing Director Marty Matassoni says CBA has played a key role in expanding the business, including the opening of a store in Echuca.

“We’ve banked with the CBA for 40 years and they’ve played an important part in our expansion. All our growth has been funded by the bank and the CBA team in Albury have continued to support us and believe in our plans. They have provided strategic guidance and I keep coming back to CBA because they understand me and what our needs are,” said Mr Matassoni.

In a vote of confidence in the region, Mr Matassoni recently renewed Beechworth Bakery’s 5-year lease in Albury.

“This quarter’s findings underscore the critical role regional centres play in shaping Australia’s future. However, with housing pressures mounting in regions, affordability is waning, and RAI has provided policy solutions to support growth in the regional housing market,” said Ms Ritchie.

“RAI’s recent report,  Answering the Call for Regional Housing, has recommended the appointment of a Regional Housing Commissioner and for 40 per cent of the National Housing Accord’s 1.2 million homes (480,000) to be built in regions.”

The RMI, a partnership between RAI and CBA, provides vital insights into migration trends and supports decision-making across sectors.

6 September 2025: “In the past three days, the Israeli forces have accelerated their genocidal campaign and ethnic cleansing by expanding their military activity into Gaza City.

In Gaza City there are bombings during the day and night, and the people are terrified and unsure of where to go or what to do.

We’ve seen entire neighborhoods being destroyed and demolished, with practically no buildings left standing. These are areas under evacuation orders, but the attacks are not only happening in those areas — they’re also taking place in the rest of Gaza City, where hundreds of thousands of people still live.

Our teams continue to provide care for Palestinians injured by Israeli airstrikes — burns, trauma, and severe fractures — as well as for those suffering from malnutrition in our maternity and neonatal intensive care units.

Remaining hospitals in Gaza City are overwhelmed; they are already operating beyond their capacity, and the potential evacuation of all the patients — including newborns and critically ill patients — would be extremely difficult.

Very few people have been able to move south because most of them don’t have the means to travel, as transportation is expensive. And even in the south, there is no space set up to allow nearly one million people to settle— a place that is not free from attacks either.

People are not only confused by contradictory messages but are also besieged by bombings and attacks, and they really don’t see any solution. Many are still staying in Gaza City simply because they have no other option.

The Israeli offensive on Gaza City must be stopped immediately,” Esperanza Santos, MSF Emergency Coordinator.

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  

September 5 2025 – A half-point interest rate cut is now on the table from the Federal Reserve this month after another stark sign that the US labour market is faltering, predicts the CEO of one of the world's largest independent financial advisory and asset management organizations.

Private sector hiring came in far weaker than expected in August, according to the ADP National Employment Report out Friday.

Companies added just 54,000 jobs, well short of the 75,000 forecast and down sharply from July's upwardly revised 106,000.

Combined with the latest government data showing overall job growth at only 75,000, unemployment rising to 4.3%, and wage growth slowing to 3.7%, the evidence points to a labour market losing steam at an accelerating pace.

Nigel Green, chief executive of deVere Group, says: “This is a significant warning sign.

“The jobs engine of the world's largest economy is sputtering. The Fed can no longer afford to nibble at the edges with quarter-point cuts. A 50-basis-point move is, we believe, now not only on the table but necessary.”

Until now, markets had fully priced in a 25bp cut at the September 16–17 meeting. But the combination of weak private sector hiring, a fourth consecutive month of payroll gains below 100,000, rising unemployment, and falling wage pressures has dramatically changed the conversation.

“The narrative is shifting,” comments Nigel Green.

“A small cut risks looking timid in the face of mounting weakness. A decisive half-point reduction would provide immediate stimulus, lift market confidence, and send a strong signal that the Fed is prepared to act to prevent a deeper downturn.”

The urgency is reinforced by a backdrop of declining job openings, which slid to around 7.2 million in July, one of the lowest levels in more than a year. Weekly jobless claims, while still within a historically normal range, have ticked higher.

At the same time, corporate layoff announcements in August surged, highlighting how fragile confidence among employers has become.

Investors are already braced for a cut, but the scale of the move will determine market reaction.

A modest reduction is largely priced in, meaning the market upside from 25bp is limited.

A bolder 50bp cut, however, would trigger a more powerful repricing across asset classes.

“Investors need to recognize what's at stake here,” says Nigel Green.

“A half-point cut would weaken the dollar further, boosting US equities, particularly tech and growth names that thrive in lower-rate environments.

“It would also channel renewed liquidity into emerging markets, where valuations remain compelling.

“Meanwhile, gold and Bitcoin would likely extend gains as investors seek hedges against currency volatility and longer-term inflation risk.”

The international context matters too.

With other central banks such as the European Central Bank and the Bank of England also preparing to ease, a Fed move of greater magnitude could catalyse a wider global cycle of monetary support.

This would amplify the effects on capital flows, commodity prices, and risk-sensitive currencies from the Australian dollar to the Mexican peso.

“We are entering a new phase,” says the deVere CEO.

“For years, the Fed led the tightening cycle. Now it must lead the easing cycle. Hesitation carries the risk of a confidence shock. The data is pointing one way: the US labour market is deteriorating, and the Fed must respond with conviction.”

The political pressure is unmistakable. President Donald Trump has openly urged the central bank to slash rates more aggressively as growth momentum fades.

While the Fed insists it acts independently, markets are acutely aware that the White House wants to see cheaper borrowing costs quickly.

For investors, the implications are immediate. Sitting on the sidelines is no longer a safe strategy.

“Portfolios must be realigned for an environment of falling rates and a softer dollar,” concludes Nigel Green. “That means greater exposure to equities, international assets, and diversifiers such as gold and Bitcoin. The time to act is before the Fed delivers, not after.”

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.

Two consecutive dry years in South Australia have put extreme stress on urban trees and shrubs, with Flinders University experts examining degrees of dieback in Adelaide trees affected by the dry conditions.

To better understand how trees may respond to drought differently, the researchers used a novel approach to assess a plant’s ‘efficiency and safety’ (resilience) to take up water from the soil – in a sense measuring their ‘personality’.

“Some trees take up water from soil more efficiently than others when soil water is abundant, but become less safe in drought – just like humans with different personalities respond to different stressors,” says Professor of Hydrology Huade (Walter) Guan, explaining a new article in Hydrology and Earth System Sciences.

The article explains how different trees of the same species may develop some flexibility to adjust the trade-off between hydraulic efficiency and safety over dry and wet seasons.

“With this in mind, the tree ‘personality’ test to measure how the tree is responding during drought can help to determine whether it’s likely to recover when the soil moisture returns – and whether irrigation or watering is recommended, or too late to apply,” says Professor Guan, from the College of Science and Engineering.

“Knowing a tree’s ‘personality’ will be useful for councils and residents to take care of urban trees by retaining stormwater in soils for trees vulnerable in droughts.”

Current measurements of plant hydraulic properties are labour intensive, destructive and difficult to scale up –  limiting the comprehensive characterisation of whole-plant and surrounding land-surface hydraulic properties.

The experimental trials were conducted on Allocasuarina verticillata, a flowering plant known as drooping sheoak endemic to south-eastern Australia, to develop the new, non-destructive method to easily test the trade-off between tree hydraulic efficiency and safety.

The novel system makes concurrent measurements of sap flow and water potential, using two small devices attached to a tree stem, like a Holter monitor for a human to record heart rhythms.

Flinders co-authors Professor Guan, PhD candidate Zhechen Zhang and Professor Okke Batelaan, from the National Centre for Groundwater Research and Training at Flinders University, worked with colleagues from the University of WA and Colorado School of Mines in the US on the new article.

Flinders University researchers are now testing the tree ‘personality’ system as part of the ‘Drywells and Trees’ project, and investigating how roof water harvesting for garden soils may improve tree health in dry season and enhance canopy cooling in summer.

The project is funded by the Hort Innovation Green Cities Program, together with several city councils including City of Marion, City of Mitcham, City of Unley, City of Port Adelaide Enfield, and City of Onkaparinga. The University of South Australia, Space Down Under, Water Sensitive Urban Design, TreeNet, and Resilient South are also partners in this project.

At the same time, Flinders University experts have recently published a complementary study on vegetation response to climate variability in the Journal of Hydrology, examining better use of water and improved plant evapotranspiration levels to protect urban and other plants in future hotter and drier conditions.

The first article, ‘Enhanced runoff simulation with improved evapotranspiration accounting for vegetation response to climate variability’ (2025) by Nastaran Chitsaz, Margaret Shanafield and Okke Batelaan has been published in the Journal of Hydrology – DOI: 10.1016/j.jhydrol.2025.133988 (published 28 July 2025).

The latest article, ‘Revealing seasonal plasticity of whole-plant hydraulic properties using sap-flow and stem water-potential monitoring’ (2025) by Zhechen Zhang, Huade Guan, Erik Veneklaas, Kamini Singha and Okke Batelaan has been published in Hydrology and Earth System Sciences (European Geosciences Union) DOI: 10.5194/hess-29-3975-2025 (published 28 August 2025).