Trump says he's reached a trade deal with Indonesia but offers no details
'Great deal, for everybody, just made with Indonesia. I dealt directly with with their highly respected President,' Trump wrote on his social media platform. 'DETAILS TO FOLLOW!!!'
This is a developing story and will be updated.
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Yahoo
21 minutes ago
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The US decision to leave UNESCO again puts a spotlight on what the agency does and why it matters
PARIS (AP) — With the support of international partners and the mobilization of $115 million, the U.N. cultural agency UNESCO recently helped rebuild the Iraqi city of Mosul after it was devastated by the Islamic State group. The restoration of the historic city's iconic Al-Nouri Mosque and Al-Hadba Minaret was just one of many programs run by the U.N. Educational, Scientific and Cultural Organization, which is in the spotlight because the United States is leaving it once again. The decision to pull U.S. funding and participation from UNESCO will deal a blow to its work preserving cultural heritage around the world. President Donald Trump exited the agency during his first term, accusing it of promoting anti-Israel speech. The Biden administration had rejoined UNESCO in 2023 after citing concerns that China was filling the gap left by the U.S. in UNESCO policymaking. Beyond the diplomatic disputes, here's a look at the work that UNESCO does: World Heritage Sites UNESCO names World Heritage sites, including landmarks like the Great Wall of China, the Egyptian pyramids, the Taj Mahal and the Statue of Liberty, and gives them special protection under its World Heritage Sites program. Its World Heritage Committee each year designates sites considered 'of outstanding value to humanity' and intervenes when sites are in danger of destruction or damage. The program provides countries with technical assistance and professional training to preserve the sites. It now also includes 'intangible' heritage such as folk songs and traditional dances, crafts and cooking in its lists. A World Heritage site designation is coveted and seen as a boost to tourism. Holocaust Education Like the rest of the U.N., UNESCO was created in response to the horrors of World War II, and particularly Nazi crimes. Amid concerns that the agency's Arab members have used UNESCO to pass anti-Israel resolutions, UNESCO has worked in recent years on Holocaust awareness projects. That includes educational materials and organizing visits to former Nazi concentration camps. Empowering Girls UNESCO works to improve literacy, with a special focus on girls in countries hit by war or disasters who get little or no schooling though programs such as the Malala Fund for Girls' Right to Education. In Tanzania, for instance, over 2,500 girls benefited from the creation of safe spaces in 40 secondary schools, The agency provides teacher training and materials and encourages programs for girls to pursue careers in science. Climate Change One of the agency's goals is coordinating climate knowledge and improving international education about how global warming occurs and affects people around the world. Over 30 UNESCO programs are designed to help its members adapt to climate change and favor sustainable development. Ethics of Artificial Intelligence UNESCO adopted in 2021 what it calls 'the first and only global standard-setting instrument on the ethics of artificial intelligence.' Applying to all 194 member states, the recommendation emphasizes the protection of human rights and dignity, grounded in principles like transparency, fairness, and human oversight of AI systems. Operating without the U.S. UNESCO director general Audrey Azoulay said the U.S. decision to leave was expected and that the agency has prepared for it. While the U.S. had previously provided a notable share of the agency's budget, UNESCO has diversified its funding sources. 'Thanks to the efforts made by the organization since 2018, the decreasing trend in the financial contribution of the US has been offset, so that it now represents 8% of the organization's total budget compared with 40% for some United Nations entities,' Azoulay said. She added that the agency's overall budget has increased and that it has the steady support of "a large number of member states and private contributors.' Solve the daily Crossword
Yahoo
21 minutes ago
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Infosys: Industry-leading Sequential Growth of 2.6% in CC, Driven by Differentiated Value Proposition in Enterprise AI
- Large Deal Wins at $3.8 Billion with 55% Net New; Demonstrating Deep Competitive Advantage in Consolidation Play- FY26 Revenue Guidance Revised to 1%-3% and Margin Guidance Retained at 20%-22% BENGALURU, India, July 23, 2025 /CNW/ -- Infosys (NSE: INFY) (BSE: INFY) (NYSE: INFY), a global leader in next-generation digital services and consulting, delivered $4,941 million in Q1 revenues, year-on-year growth of 3.8% and sequential growth of 2.6% in constant currency. Operating margin was at 20.8%. Free cash flow generation was strong at $884 million, 109.3% of net profit. TCV of large deal wins was $3.8 billion, with 55% net new. ROE improved by 140 bps to 30.4%. "Our performance in Q1 demonstrates the strength of our enterprise AI capabilities, the success in client consolidation decisions, and the dedication of our over 300,000 employees," said Salil Parekh, CEO and MD. "Our large deal wins of $3.8 billion reflect our distinct competitive positioning and deep client relationships," he added. 2.6% QoQ3.8% YoY CC Growth 20.8% Operating Margin 8.6% YoYEPS Increase (₹ terms) $3.8 Bn Large Deal TCV(55% Net New) $884 Mn Free Cash Flow Guidance for FY26: Revenue growth of 1%-3% in constant currency Operating margin of 20%-22% Key highlights: For the quarter ended June 30, 2025 Revenues in CC terms grew by 3.8% YoY and by 2.6% QoQ Reported revenues at $4,941 million, growth of 4.8% YoY Operating margin at 20.8%, decline of 0.3% YoY and decline of 0.2% QoQ Basic EPS at $0.20, increase of 5.8% YoY FCF at $884 million, decline of 19.2% YoY; FCF conversion at 109.3% of net profit "Q1 performance is a clear reflection of our unwavering focus on multiple fronts resulting in strong growth at 2.6% QoQ, resilient margins at 20.8% and EPS increase of 8.6% YoY. We continue to leverage Project Maximus to make investments in strategic priorities to drive profitable growth and enhance shareholder value," said Jayesh Sanghrajka, CFO. "Cash flow conversion was well above 100% for the fifth consecutive quarter. The impact of currency volatility was effectively managed through our proactive hedging strategy," he added. Client wins & Testimonials Infosys announced the extension of its strategic collaboration with Select Portfolio Servicing, Inc. (SPS) to help drive greater operational efficiency and service quality through a fully managed services offering encompassing hybrid cloud solutions, application portfolio, IT operations, IaaS, SaaS, security operations and quality assurance. Murali Palanganatham, Chief Information Officer, SPS, said, "Infosys has been a key strategic partner over the last 20 years. SPS will leverage Infosys Topaz for AI adoption across the business, technology, and enterprise functions to continuously enhance availability, scalability, performance, resiliency, security, and stability. This collaboration is critical and will help SPS enhance flexibility, efficiency, and predictability of our technology ecosystem." Infosys extended its strategic collaboration with AIB to accelerate its digital transformation initiatives. Graham Fagan, Group Chief Technology Officer, AIB, said, "This extended collaboration with Infosys aligns strongly with our vision to progressively modernise our technology and data capabilities to deliver the best outcomes for our customers and further accelerate our transformation. By combining our collective expertise and experience, we will deliver on our customer-first commitment and enhance operational efficiency and resilience. Infosys has been a trusted innovation partner, and we are excited about this next chapter in our collaboration as we work together to ensure AIB remains at the forefront of digital transformation in the Irish banking industry." Infosys announced a strategic collaboration with to enable AI-powered digital workplace transformation across Europe. Dr. Victoria Ossadnik, COO Digital and Innovation, said, "At we are playmakers for new energy. Digitalization and digital technology are key for reliable, affordable and sustainable energy systems. Our strategic partnership with Infosys is essential for our digital transformation and operation - together, we are paving the way for a smarter, more efficient energy future." Infosys announced the expansion of its strategic collaboration with DNB Bank ASA (DNB) to accelerate the bank's digital transformation. Elin Sandnes, COO and Group Executive Vice President Technology & Services, DNB, said, "At DNB, we are focused on leveraging technology to create great customer experiences. As part of this, we are constantly developing new products and services while simultaneously driving a digital transformation agenda that is deeply rooted across all our operations. With our extended collaboration with Infosys, we are modernizing our IT infrastructure and leveraging advanced technologies like AI and ML to enable seamless, personalized, and agile services to our customers. This partnership allows us to proactively address our customers' evolving needs and ensure they receive the best possible banking experience from DNB." Infosys announced a strategic collaboration with Yorkshire Building Society, one of the largest member-owned financial institutions in the UK, to accelerate its digital transformation. Patrick Connolly, Director of Change Delivery, Yorkshire Building Society, said, "This collaboration is crucial to achieving our 2030 ambitions and realising the true potential of this organisation. The choices we make now will shape our future, and we are committed to combining the convenience of digital with the warmth of human interaction. This transformation will empower our members and colleagues with the tools and services needed to deliver great customer outcomes, including major investments such as faster payments and enhanced security. It's a key part of our plan for continued growth, innovation, and efficiency, ensuring we continue to serve our members for generations to come." Infosys and Spark New Zealand announced a strategic agreement to support the transformation of Spark's technology delivery model through digital innovation. Matt Bain, Data and Marketing Director, Spark, said, "Infosys has collaborated with Spark for over 16 years, working alongside our local teams to support the applications that enable Spark to deliver new products and digital experiences for our customers. We are now building on this relationship to allow our teams to focus on our technology strategy and the product roadmaps that will grow our competitive advantage, while leveraging Infosys' global scale to execute these plans quickly and efficiently and accessing Infosys' investment in AI and innovation to enable us to keep delivering great experiences for our customers." Infosys collaborated with Perfection Fresh to enable seamless tracking of their sustainability efforts. Francesco Oliveri, Chief Information Officer, Perfection Fresh Australia, said, "Our Partnership with Infosys to implement Microsoft Sustainability Manager has helped us in providing real-time visibility of produce across all locations thereby improving operational efficiency, audit transparency and reducing wastage. Originally planned for just 4 sites, the rollout extended to all 17 locations thanks to Infosys' expertise and collaboration. It was also their vision and commitment to sustainability that matched our vision that allowed us to be more comfortable in working with Infosys. The partnership has been instrumental in driving key milestones for Perfection Fresh's sustainability roadmap." Infosys Finacle announced a strategic collaboration with Bank of Sydney (BoS) to power its digital transformation with Infosys Finacle Digital Banking Suite. Melos Sulicich, Chief Executive Officer, Bank of Sydney, said, "At Bank of Sydney, our strategic goal is to become the leading deposit bank in Australia and to drive significant business growth in the coming years. This requires adapting to rapidly changing customer needs, digital advancements, and regulatory requirements. Transforming our technology stack, centered around our core and digital banking platform, is crucial to meeting these objectives. With Infosys Finacle, we have a proven transformation partner and a next-generation banking platform to address the evolving needs of our business, customers, and regulatory ecosystem." Infosys BPM announced the launch of AI agents for invoice processing within its flagship Infosys Accounts Payable on Cloud solution. Harsh Bansal, Chief Financial Officer and Chief Growth Officer, Americana Restaurants, said, "At Americana Restaurants, we are committed to leading digital transformation, and as we scale our operations, intelligent automation is key to achieving greater efficiency and agility. With AI-powered Infosys Accounts Payable on Cloud, we have made invoice processing faster, enhanced accuracy, and improved efficiency. The addition of Agentic AI takes this a step further, reducing manual dependencies and bringing more intelligence and autonomy into our invoice processing. We are delighted that we have pioneered this initiative with Infosys and look forward to closely working with Infosys BPM to lead us collectively into a future of smarter and more agile operations." Infosys announced a three-year strategic collaboration with the Lawn Tennis Association (LTA) to deliver a range of AI-powered innovations, including match insights and immersive fan experiences. Chris Pollard, Managing Director, Commercial & Operations, LTA, said, "We are incredibly excited to witness the historic moment of the HSBC Championships at Queen's Club hosting both WTA and ATP 500 events for the very first time. This milestone marks a significant step in the growth and evolution of this prestigious tournament. We are thrilled to collaborate with Infosys, whose support will be instrumental in delivering an enhanced fan experience. Infosys' AI and technology innovations will bring a new level of engagement with real-time insights and interactive moments, creating memorable experiences for our fans and contribute to the continued success of the HSBC Championships." Infosys and Economist Impact announced the launch of The Sustainability Atlas to help businesses navigate a sustainable future. Jonathan Birdwell, Global Head of Policy & Insights, Economist Impact, said, "Over the past decade, Economist Impact has built dozens of indices and published hundreds of reports across a wide range of sustainability topics from food security to plastics management, to climate resilience. But never before have we been able to bring all of that data and insights together in one place. Leveraging Infosys' generative AI capabilities, The Sustainability Atlas provides easily accessible and actionable insights to policy makers and business leaders worldwide." Recognitions & Awards Brand & Corporate Recognized as a Top 100 most valuable brand in the world by Kantar BrandZ and ranked among the most-trusted brands in India and the US Recognized as one of the top 3 companies (on combined basis) in 5 categories – Best CEO, Best IR Professional, Best IR Program, Best IR Team and Best ESG Program – at the 2025 Asia Executive Team Survey by Extel (formerly Institutional Investor Research) Recognized as a Great Place to Work 2025-2026 in India and China Infosys BPM won at the Diversity Charter Awards 2025 in the 'Employer Supporting Women in the Workplace' category for its HR initiative, namely 'Empower with Care' Infosys BPM won the PeopleFirst HR Excellence Awards 2025 for 'Leading Practices' in Learning & Development Digital, AI and Cloud Services Positioned as a leader in the Everest Group: Microsoft Modern Work Services PEAK Matrix® Assessment 2025 Positioned as a leader in the Everest Group: Marketing Services PEAK Matrix® Assessment 2025 Positioned as a leader in the Everest Group: Talent Readiness for Next-generation Application Services PEAK Matrix® Assessment 2025 Recognized as a leader in HFS Horizons: The Best of Engineering Research and Development Service Providers, 2025 Recognized as a leader in the Constellation Research: Constellation ShortList™ Cross-Platform Agentic AI Recognized as a leader in Datos: The New Era of Check Fraud Detection: A Guide to Market Solutions Infosys BPM recognized as a Leader in ISG Provider Lens™ Global Capability Center (GCC) Services 2025 Study Infosys BPM recognized as a Leader in ISG Provider Lens™ Procurement Services 2025 Study Received the Customer Innovation Award from Databricks for delivering impactful solutions across industries Received Global System Integrator of the Year-EMEA award at Stibo's PATH Summit 2025 Industry & Solutions Positioned as a leader in the Everest Group: Life Sciences Digital Services PEAK Matrix® Assessment 2025 Positioned as a leader in the Everest Group: Life Sciences Enterprise Platform Services PEAK Matrix® Assessment 2025 Positioned as a leader in the Everest Group: Retail Services PEAK Matrix® Assessment 2025 Recognized as a leader in HFS Horizons: Energy and Utilities Service Providers, 2025 Recognized as a leader in HFS Horizons: Intelligent Retail and CPG Ecosystems, 2025 Recognized as a leader in HFS Horizons: Insurance Services, 2025 Infosys Finacle recognized as a Market Leader in the Datos Matrix: Virtual Account Management Providers 2025 report. Infosys Finacle won two awards at IBS Intelligence Digital Banking Awards 2025: 'Regional Winners | Middle East – Zand Bank & Infosys Finacle' and 'Segment Winner | Corporate Banking - Zand Bank & Infosys Finacle' Infosys Finacle won two awards at the MEA Finance Banking Technology Awards 2025: 'Best Composable Banking Solutions Provider of the Year' and 'Best Corporate Banking Solutions Provider' Infosys Finacle won four awards at Finnovex North Africa – Egypt 2025: 'Excellence in Banking Platform Modernization with ALEXBANK Egypt', 'Excellence in Seamless Banking Experiences with Export Development Bank of Egypt', 'Excellence in Core Banking Transformation with Agricultural Bank of Egypt' and 'Excellence in Composable Banking Platform Read more about our Awards & Recognitions here. About Infosys Infosys is a global leader in next-generation digital services and consulting. Over 320,000 of our people work to amplify human potential and create the next opportunity for people, businesses and communities. We enable clients in 59 countries to navigate their digital transformation. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, as they navigate their digital transformation powered by cloud and AI. We enable them with an AI-first core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace. Visit to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next. Safe Harbor Certain statements in this release concerning our future growth prospects, our future financial or operating performance, and the McCamish cybersecurity incident are forward looking statements intended to qualify for the 'safe harbor' under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results or outcomes to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding the execution of our business strategy, increased competition for talent, our ability to attract and retain personnel, increase in wages, investments to reskill our employees, our ability to effectively implement a hybrid working model, economic uncertainties and geo-political situations, technological disruptions and innovations such as Generative AI, the complex and evolving regulatory landscape including immigration regulation changes, our ESG vision, our capital allocation policy and expectations concerning our market position, future operations, margins, profitability, liquidity, capital resources, our corporate actions including acquisitions, the outcome of pending litigation, the amount of any additional costs resulting directly or indirectly from the McCamish cybersecurity incident, and the outcome of the government investigation. Important factors that may cause actual results or outcomes to differ from those implied by the forward-looking statements are discussed in more detail in our US Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2025. These filings are available at Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the Company's filings with the Securities and Exchange Commission and our reports to shareholders. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company unless it is required by law. Infosys Limited and subsidiariesExtracted from the Condensed Consolidated Balance Sheet under IFRS as at: (Dollars in millions)June 30, 2025 March 31, 2025 ASSETS Current assets Cash and cash equivalents 3,202 2,861 Current investments 887 1,460 Trade receivables 3,780 3,645 Unbilled revenue 1,588 1,503 Other current assets 1,787 1,890 Total current assets 11,244 11,359 Non-current assets Property, plant and equipment and Right-of-use assets 2,223 2,235 Goodwill and other Intangible assets 1,666 1,505 Non-current investments 1,241 1,294 Unbilled revenue 262 261 Other non-current assets 811 765 Total non-current assets 6,203 6,060 Total assets 17,447 17,419 LIABILITIES AND EQUITY Current liabilities Trade payables 422 487 Unearned revenue 994 994 Employee benefit obligations 385 340 Other current liabilities and provisions 3,353 3,191 Total current liabilities 5,154 5,012 Non-current liabilities Lease liabilities 693 675 Other non-current liabilities 480 477 Total non-current liabilities 1,173 1,152 Total liabilities 6,327 6,164 Total equity attributable to equity holders of the company 11,069 11,205 Non-controlling interests 51 50 Total equity 11,120 11,255 Total liabilities and equity 17,447 17,419 Extracted from the Condensed Consolidated statement of Comprehensive Income under IFRS for:(Dollars in millions except per equity share data)3 months ended June 30, 2025 3 months ended June 30, 2024 Revenues 4,941 4,714 Cost of sales 3,416 3,259 Gross profit 1,525 1,455 Operating expenses: Selling and marketing expenses 258 232 Administrative expenses 239 229 Total operating expenses 497 461 Operating profit 1,028 994 Other income, net (3) 110 88 Profit before income taxes 1,138 1,082 Income tax expense 329 318 Net profit (before non-controlling interest) 809 764 Net profit (after non-controlling interest) 809 763 Basic EPS ($) 0.20 0.18 Diluted EPS ($) 0.19 0.18 NOTES: The above information is extracted from the audited condensed consolidated Balance sheet and Statement of Comprehensive Income for the quarter ended June 30, 2025, which have been taken on record at the Board meeting held on July 23, 2025. A Fact Sheet providing the operating metrics of the Company can be downloaded from Other income is net of Finance Cost. IFRS-INR Press Release: Fact sheet: Logo: View original content: SOURCE Infosys View original content:
Yahoo
21 minutes ago
- Yahoo
Trump visit will ‘undoubtedly stretch' police resources, superintendents warn
US President Donald Trump's upcoming visit to Scotland will 'undoubtedly stretch' police resources, a senior officer has warned. Chief Superintendent Rob Hay, president of the Association of Scottish Police Superintendents (Asps), said the visit of the US President would require a 'significant operation across the country over many days' from Police Scotland. His comments come in the wake of similar concerns from the Scottish Police Federation (SPF) – the body which represents rank and file officers. However Scottish First Minister John Swinney has insisted policing will not be put in a 'detrimental position' as a result of the visit. Mr Trump is due to arrive in Scotland on Friday for a five-day private visit to his his golf resorts in both Ayrshire and Aberdeenshire. During his time in Scotland the President will meet both Prime Minister Sir Keir Starmer and Mr Swinney. However, police officers are raising concerns about the impact of the trip, with Mr Hay stating: 'The private visit of President Donald Trump to Scotland at the end of July will require the Police Service of Scotland to plan for and deliver a significant operation across the country over many days. 'This will undoubtedly stretch all our resources from local policing divisions to specialist and support functions such as contact, command and control.' Police superintendents and chief superintendents will have 'key leadership roles' for the visit, he added, saying they would be taking responsibility for areas such as planning and resourcing, intelligence gathering, command and control communications, armed operations, public order, and other specialist functions. Mr Hay urged the public to be aware of the 'significant demands that will be placed on policing services during this period' – adding these result from not only the Presidential visit but the 'many popular events that Scotland hosts in the summer months, which bring thousands of tourists to our country and rely upon partnerships with policing to support their safe delivery'. His comments came as SPF general secretary David Kennedy warned the police response to the visit could impact on the service it provides to the public in Scotland. A major policing operation is being put in place both the visit and any protests that may spring up as a result of it, with Police Scotland seeking officers from other areas of the UK to bolster its numbers. Asked about the visit, Mr Kennedy told BBC Radio Scotland: 'Anyone who says it won't affect it (policing in Scotland), I can't believe that's the case. 'It will affect it. 'You may be waiting in the past for so many hours for a police officer to arrive, that could double now, you may be waiting for more time for them to arrive. 'Obviously, emergency calls will take priority, but it will affect communities in Scotland. 'We've been asking long and weary to have more police officers in our communities in Scotland and all this does is take them away from that at this time.' Asked if the quality of policing will be impacted by the visit, Mr Kennedy added: 'It will be seriously affected, it has to be. 'There's not enough police officers for it not to be affected.' Concerns have also been raised about the cost of the policing operation, with officers likely to cancel rest days to ensure adequate staffing. But speaking to the PA news agency on Tuesday, Mr Swinney said talks are ongoing between Police Scotland and the Scottish and UK governments on funding, asserting that policing in Scotland will not be put in a 'detrimental position' as a result. Mr Kennedy also reiterated calls from Assistant Chief Constable Emma Bond for those seeking to protest to do so peacefully. Ms Bond has already said a 'policing plan will be in place to maintain public safety, balance rights to peaceful protest and minimise disruption'. She added: 'The visit will require a significant police operation using local, national and specialist resources from across Police Scotland, supported by colleagues from other UK police forces as part of mutual aid arrangements. 'Officers make sacrifices every day to keep people safe, and their dedication and professionalism is the reason we manage to deliver significant operations.'
