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  • MIL-OSI USA: SCHUMER, GILLIBRAND ANNOUNCE $12+ MILLION IN FEDERAL FUNDING FOR PROJECTS ACROSS UPSTATE NEW YORK THROUGH THE NORTHERN BORDER REGIONAL COMMISSION

    US Senate News:

    Source: United States Senator for New York Charles E Schumer

    Communities From North Country, Finger Lakes, CNY, Capital Region Win Funding For Critical Community Projects Such As Upgrading Wastewater Infrastructure, Expanding Access To Healthcare & More 

    Schumer, Gillibrand: Fed $$ Is Flowing To Improve Upstate NY Infrastructure, Expand Healthcare & Create Jobs!

    U.S. Senator Chuck Schumer and U.S. Senator Kirsten Gillibrand today announced $12,349,291 in federal funding for 14 projects across Upstate New York through the Northern Border Regional Commission (NBRC), which the senators recently fought to reauthorize and expand. Schumer and Gillibrand said these projects will help address critical needs across the region, including upgrading wastewater infrastructure, expanding access to healthcare services, and more to improve quality of life and spur economic development in the region.

    “From expanding wastewater systems in the Finger Lakes Region to boosting access to healthcare in the North Country, this $12+ million in federal money via the excellent Northern Border Regional Commission will support major infrastructure upgrades and increase in vital services in Upstate New York. These federal investments will help create new jobs, strengthen our infrastructure, expand healthcare and boost quality of life across the region,” said Senator Schumer. “I have long fought to secure and increase funding for the Northern Border Regional Commission and expand this important federal support because it has played a unique and pivotal role in spurring economic development, upgrading infrastructure, improving quality of life, and creating jobs in communities across Upstate New York. I’m proud to have delivered this critical funding to help families and communities lay the foundation for a better future here in Upstate New York.”

    “These federal investments will support essential upgrades to infrastructure, expand access to health care, create jobs, and drive economic growth across Upstate New York,” said Senator Gillibrand. “The Northern Border Regional Commission has already backed more than 75 projects in our state, and this additional $12 million will build on that progress and help communities thrive. I’m proud to have helped secure this funding, and I’ll keep fighting to protect the NBRC to ensure our families, workers, and small businesses have the resources they need to succeed.”

    A full list of projects can be found below:

    Recipient

    Region

    County

    Amount

    Description

    Town of Hunter

    Capital Region

    Greene

    $1,000,000

    The Town of Hunter will design, construct, and equip the Mountaintop Community Hall, supporting workforce development, business incubation, community programming, and emergency preparedness.

    Village of Whitehall

    Capital Region

    Washington

    $1,000,000

    The Village of Whitehall will upgrade its water infrastructure following a State of Emergency due to water supply disruptions. This project will safeguard drinking water for residents and businesses by enhancing the Pine Lake reservoir and Village Water Treatment Plant with modern monitoring and control systems.

    East Hill Family Medical, Inc

    Central NY

    Cayuga

    $1,000,000

    East Hill Family Medical, Inc will transform a newly acquired site in Sennett, NY into a state-of-the-art healthcare facility. The project will improve access to primary care, behavioral health, and dental services, serving an estimated 4,500 additional patients and addressing regional provider shortages.

    Town of Schroeppel

    Central NY

    Oswego

    $80,000

    The Town of Schroeppel will conduct a comprehensive water infrastructure feasibility study, ensuring long-term access to safe and reliable water for residents and businesses.

    Town of Webb

    Mohawk Valley

    Herkimer

    $485,000

    The Town of Webb will modernize its aging wastewater collection system, addressing critical infrastructure deficiencies and environmental risks. This project will rehabilitate high-risk sewer lines, improve wastewater conveyance, and enhance treatment facility operations.

    Lake Champlain-Lake George Regional Planning Board

    North Country

    Essex

    $240,000

    The Lake Champlain-Lake George Regional Planning Board will identify development sites, conduct buildout analyses, and complete pre-development work for workforce housing in four Essex County communities. This initiative will address housing shortages while supporting workforce growth, economic stability, and community sustainability in the region.

    City of Plattsburgh

    North Country

    Clinton

    $100,000

    The City of Plattsburgh will conduct a feasibility study of its wastewater system in the Rugar Street corridor, ensuring capacity for future development. This study will assess infrastructure needs to support 150 new workforce housing units, additional commercial growth, and industrial expansion at the former Clinton County airport.

    Lake Placid Association for Music, Drama and Art

    North Country

    Essex

    $1,000,000

    Lake Placid Association for Music, Drama and Art will renovate and modernize a 52-year-old theatre, enhancing accessibility, energy efficiency, and performance capabilities. This revitalization will transform the auditorium, expand stage space, upgrade theatre technology, and improve visitor experience, ensuring the venue remains a vital hub for cultural tourism and community engagement.

    United Cerebral Palsy Association of the North Country, Inc.

    North Country

    St.Lawrence

    $615,625.72

    United Cerebral Palsy Association of the North Country, Inc. will expand pediatric healthcare services at its Federally Qualified Health Centers in Canton and Ogdensburg, NY. This project will increase clinic capacity by constructing exam rooms, improving patient flow, and enhancing access to preventive care, vaccinations, and chronic disease management for children in medically underserved communities.

    Village of Waddington

    North Country

    St.Lawrence

    $793,000

    The Village of Waddington will replace deteriorating water mains in its downtown district, ensuring reliable access for residents and businesses while preventing further economic decline.

    Livingston County Water and Sewer Authority

    Rochester Finger-Lakes

    Livingston

    $1,000,000

    Livingston County Water and Sewer Authority will implement the LCWSA/Geneseo Water Interconnection Project, enhancing water system capacity, resiliency, and regional connectivity across multiple municipalities in Livingston County, NY.

    Village of Dansville

    Rochester-Finger Lakes

    Livingston

    $1,979,586.00

    The Village of Dansville will construct a public sewer extension, pedestrian infrastructure, and ADA-accessible playground equipment, improving community health and economic development. This project will provide wastewater service to Noyes Memorial Hospital and the planned YMCA, facilitating expansion and workforce growth, while new sidewalks, a walking trail, and a pedestrian bridge will enhance accessibility and safety.

    Village of Waterloo

    Rochester-Finger Lakes

    Seneca

    $3,000,000

    Village of Waterloo will improve storm sewer infrastructure, road drainage, sidewalks, and curbing, ensuring resilience against frequent flooding and supporting downtown revitalization efforts. These upgrades complement the Village’s recent $10 million Downtown Revitalization Initiative (DRI) funding, enhancing economic stability, pedestrian safety, and stormwater management.

    Genesee Finger Lakes Regional Planning Commission

    Rochester-Finger Lakes

    Wyoming

    $56,080

    The Genesee Finger Lakes Regional Planning Commission will conduct a Housing Needs Assessment and Market Analysis, evaluating demographic and economic trends to inform comprehensive housing strategies. This study will identify gaps in the housing market and guide planning for projects that address the needs of low-to-moderate-income households, seniors, veterans, and individuals with disabilities.

    After years of advocacy, Schumer and Gillibrand announced late last year that they had successfully reauthorized the Northern Border Regional Commission (NBRC) for another 5 years, increasing funding and expanding the critical grant program that has delivered tens of millions of dollars for the North Country and Upstate NY. Despite the wide bipartisan support to reauthorize the NBRC, President Trump’s recent budget for Fiscal Year 2026 calls for the elimination of this program, an effort that the senators are actively pushing back against to ensure NBRC continues to be funded to provide critical investment to Upstate NY. From 2010-2024, the NBRC has invested in over 78 projects, totaling more than $48 million in federal funding for Upstate New York. Schumer introduced the Northern Border Regional Commission (NBRC) Reauthorization Act of 2023 which paved the way for these key changes.

    In addition to reauthorizing the NBRC for an additional 5 years, the bill that passed into law at the end of last year also increased funding for the program from $33 million to $40 million. The bill made critical enhancements to the range of projects the NBRC is able to support to foster growth in the region, including a new program focused on addressing childcare and healthcare needs, increasing support for addiction treatment, and new support for capacity building for business retention, job training, and job creation. The NBRC reauthorization was included as part of the Economic Development Administration reauthorization in the bipartisan, bicameral Water Resources Development Act.

    Schumer and Gillibrand have a long history of championing the Northern Border Regional Commission and its positive economic impacts on Upstate New York. In 2021, the senator successfully secured $150 million for the NBRC, over triple its funding from previous years, through the Bipartisan Infrastructure Investment & Jobs Act.

    Established in 2008, the NBRC is a federal-state partnership focused on the economic revitalization of communities across the Northern Border region, which includes New York, Maine, New Hampshire, and Vermont. The Commission is composed of the governors of the four Northern Border states and a federal co-chair and provides financial and technical assistance to communities in the region to support entrepreneurs, improve water, broadband, and transportation infrastructure, and promote other initiatives to improve the region’s economy. The northern border region of New York State currently includes 30 counties: Cayuga, Clinton, Essex, Franklin, Fulton, Genesee, Greene, Hamilton, Herkimer, Jefferson, Lewis, Livingston, Madison, Montgomery, Niagara, Oneida, Orleans, Oswego, Rensselaer, Saratoga, Schenectady, Schoharie, Seneca, St. Lawrence, Sullivan, Washington, Warren, Wayne, Wyoming, and Yates. 

    MIL OSI USA News –

  • MIL-OSI United Kingdom: expert reaction to final draft guidance on donanemab and lecanemab

    Source: United Kingdom – Executive Government & Departments

    Scientists comment on final NICE draft guidance on the use of donanemab and lecanemab for Alzheimer’s disease. 

    Prof Charles Marshall, Professor of Clinical Neurology, Queen Mary University of London, said:

    “This will be very disappointing news to people living with Alzheimer’s disease. However, the decision is understandable given the high cost to the NHS of giving the drugs for a relatively modest benefit. There are several things which would help to get disease-modifying treatments for Alzheimer’ disease approved in the future. Firstly, we need better information about the true impact of living with Alzheimer’s disease for both the person affected and their family, so that we can better capture all of the benefit on quality of life that these drugs might have. Secondly, we need improved NHS clinics that can offer high quality diagnosis and monitoring of dementia so that the costs of setting up this diagnosis and monitoring are not weighed against the benefit of the drugs. Finally, we need more effective drugs so that the magnitude of benefit becomes indisputable, and there is currently good reason to be hopeful about this.”

    Prof Rob Howard, Professor of Old Age Psychiatry, UCL, said:

    “Nobody should be surprised that NICE have confirmed their earlier view that the new Alzheimer’s disease treatments would not be cost-effective if used within the NHS. Well-conducted clinical trials demonstrated that the actual size of benefits experienced by patients were too small to be noticeable, treatment carries risks of side-effects, and the annual cost of the drugs and safety monitoring required would have been close to the cost of a nurse’s salary for each treated patient.

    “We need better treatments that can make an appreciable difference to the lives of people with dementia and these can only come from further research and study.”

     

    Prof Paresh Malhotra, Head, Division of Neurology, Imperial College London, said:

    “The draft guidance documents from NICE on lecanemab and donanemab mean that these treatments will not be available for people with Alzheimer’s Disease via the NHS. This is not totally unexpected but does create a significant gap between what is done in other countries as well as the private sector, and what will be done for NHS patients. The modest effects and significant costs of these drugs have, understandably, been used to justify these decisions. The treatments would require major infrastructure changes to deliver to all those who are potentially eligible. Perhaps the biggest impact (or lack of it), is that there will be no impetus to change our general approach to make dementia diagnosis faster and to provide longer-term specialist input for people living with Alzheimer’s Disease. New and initially controversial treatments catalysed services and healthcare provision for other neurological conditions such as MS and stroke. People with Alzheimer’s Disease, and Dementia more broadly, will have to continue to wait. In the meantime, we will try to push against the more nihilistic attitudes that are sometimes associated with this very common devastating disease.”

     

    Hilary Evans-Newton, Chief Executive at Alzheimer’s Research UK, said:

    “This rejection is a painful setback for people affected by Alzheimer’s — but sadly not a surprising one. The drugs’ modest benefits, combined with the significant costs of delivering them in the NHS, meant they faced insurmountable challenges. People with early Alzheimer’s in England and Wales now face a long wait for innovative new treatments as they won’t be able to access lecanemab or donanemab unless they can afford to pay privately.

    “This decision sends a troubling signal to the life sciences sector — undermining confidence in the UK as a home for research, innovation and clinical trials. That risks lasting damage to both patients and the economy. NICE’s decision should ring alarm bells for a government that, only a year ago, pledged to make the UK a global leader in dementia treatments.

    “While these drugs are not a cure and do come with potentially serious side effects, they represent an important first step in changing the course of Alzheimer’s. With over 30 Alzheimer’s drugs now in late-stage trials globally, momentum is building – and more will enter regulatory systems in the years ahead. Without intervention from government, people with Alzheimer’s will continue to miss out — not because science is failing, but because the system is. Government must work with NICE, the NHS and industry to pilot licensed drugs, gather more data, and prepare the health system for what’s ahead.

    “One major barrier remains early and accurate diagnosis. Without it, patients can’t access current – or future – treatments. Alongside piloting, urgent investment in diagnostic services is vital if we are to give people a fair chance at the vast progress dementia research is making.”

    Professor Fiona Carragher, Alzheimer’s Society’s Chief Policy and Research Officer, said: 

    “There is no doubt that today’s decision is a setback for people with Alzheimer’s disease. It is highly disappointing that we are in a situation where treatments that slow the progression of the condition are not available on the NHS. 

    “The reality we’re faced with is that these treatments remain out of reach of both the NHS and most eligible people with Alzheimer’s disease. In other diseases like cancer, treatments have become more effective, safer and cheaper over time. It’s essential we see similar progress in dementia.  

    “The fact is, even if donanemab and lecanemab were made available on the NHS tomorrow, too many patients wouldn’t be able to access them because the health system isn’t ready to deliver them. The science is flying but the system is failing. 

    “What we need now is for the UK government to commit to the long-term investment needed to fundamentally change dementia diagnosis so that we are ready for new treatments.  This relies on an early diagnosis and access to specialist diagnostic tests, yet currently a third of people with dementia don’t have a diagnosis at all.  

    “The needs of people with dementia have long been overlooked and this cannot continue. We are heading towards a future where disease-slowing treatments reduce the devastating impact of dementia, and we cannot afford to delay preparing the NHS for them.” 

    NICE published final draft guidance on donanemab and final draft guidance on lecanemab at 00:01 UK time on Thursday 19th June. 

    Declared interests

    Prof Charles Marshall: I have received personal fees from Lilly, Eisai and Roche

    Prof Rob Howard: No COI

    Prof Paresh Malhotra:

    National Specialty Lead for Dementia and Neurodegeneration, NIHR Research Delivery Network

    Honorary Consultant Neurologist, Imperial College Healthcare NHS Trust

    Serviced Practice Consultant Neurologist, Cleveland Clinic London

    NHSE Working Group Member (Lecanemab and Amyloid PET)

    Trustee, Alzheimer’s Society

    Recipient of ‘Drugs Only’ Grant for NIHR funded Trial, Shire/Takeda

    Independent Data Monitoring Committee, J&J

    Research funding from NIHR, ARUK, Alzheimer’s Society, MRC, DPUK, BHF, Lifearc, FIFA, FA, UK DRI

    For all other experts, no reply to our request for DOIs was received.

    MIL OSI United Kingdom –

  • MIL-OSI New Zealand: Universities – Aotearoa to host world-leading conference on women’s entrepreneurship – UoA

    Source: University of Auckland (UoA)

    A major international conference in Auckland is putting the spotlight on how to better support female founders and highlighting wāhine Māori perspectives on entrepreneurship.
    What do female entrepreneurs really want and why is the system still stacked against them? These are a couple of the big questions due to be tackled at the world’s leading research conference on women’s entrepreneurship held in Aotearoa New Zealand for the first time ever this year.

    The Diana International Research Conference from 1-4 July, brings together top researchers and industry experts from around the world to tackle funding inequities, structural barriers and discuss the future of women-led enterprise, with a spotlight on te ao Māori perspectives.

    “This is the only conference that focuses solely on women’s entrepreneurship research, and it’s an opportunity to garner insights from interested attendees, researchers and founders,” says Professor Chris Woods, the Business School’s Theresa Gattung Chair for Women in Entrepreneurship, and Diana Conference co-chair.

    “We’ll be asking: What do women entrepreneurs want? How do we bridge the gap between academic research and industry, and how can we tackle the barriers women face when building businesses?”

    Hosted by the Business School’s Aotearoa Centre for Enterprising Women, the conference includes keynote talks, academic sessions, and a public-facing Impact Day on Friday 4 July, a one-day forum featuring panels on capital access, wāhine Māori leadership, and entrepreneurial futures.

    The day opens with ‘A boomer, Gen X, millennial and Gen Z walk into a panel’: Mana wāhine across the generations’.

    Business School senior lecturer Dr Kiri Dell (Ngāti Porou) says the panel will spotlight the unique strengths wāhine Māori bring to entrepreneurship. The kōrero will also explore te ao Māori concepts of sovereignty and entrepreneurship.

    “It’s about being role models, sharing networks and giving each other emotional support, challenging mainstream models of the ‘hyper solo, winner takes all’ entrepreneur model,” says Dell. “We’ll discuss what values-led approaches, honouring both the past and the present, can look like.”

    Next up, ‘The Supply and Demand Challenge: Getting More Capital to Women-Led Businesses’ panel will discuss why women still receive just 2 percent of global venture capital investment, with insights from venture capital, angel investment, and female founders actively raising capital.

    In the final session, business leader, author, philanthropist and investor Dame Theresa Gattung joins Darsel Keane (Centre for Innovation and Entrepreneurship), Sophie Bradley (co-CEO, Girls Mean Business), and research fellow Dr Amanda Elam (co-founder, Galaxy Diagnostics) to explore what the future holds for wāhine entrepreneurs in Aotearoa and beyond.

    Panel MC and conference co-host Dr Janine Swail, a senior lecturer at the Business School, says it’s a privilege to host a conference that spans academic research, PhD students, practitioners and community voices.

    “This is the only global conference that bridges academic research with real world insights and perspectives, with a dedicated focus on women’s entrepreneurship, and it’s happening here in Tāmaki Makaurau.”

    MIL OSI New Zealand News –

  • MIL-OSI New Zealand: Economic growth still in the hole dug in 2024 – CTU Economist

    Source: NZCTU Te Kauae Kaimahi

    Data released by Stats NZ today shows that the economy grew on a quarterly basis by 0.8% but fell on an annual basis by 1.1% said NZCTU Te Kauae Kaimahi Economist Craig Renney. “This is positive data for the first quarter of this year, but the fact that the economy is about the same size it was in March 2023 tells you that essentially we have had almost zero economic growth (0.3%) over the past two years.”

    “GDP per capita ($52,872) is now lower than it was in March 2022 ($53,100). It took another fall on an annual basis of 2.4%. There were falls in 11 of the 16 sectors of the economy annually – led by construction (-9.3%), wholesale trade (-3.6%) , and business services (-2%). Both goods producing industries and service industries saw contraction this year.”

    “The data shows that workers incomes aren’t keeping up with profits. Stats NZ shows that compensation of employees rose 1.5% this quarter before inflation. Gross operating surplus and gross mixed incomes (a broad measure of profit) rose 2%. Employee compensation was revised down in the December quarter to -0.2%.”

    “The lack of business confidence in the economy is present in the business investment data. Business investment fell this year. Non-residential building investment fell 2.9%. Transport equipment purchases fell 6%. Households are feeling it to, with purchase of durable goods being lower than they were in December 2023,” Renney said.

    “This data shows us how far we fell over the past year in economic terms. The growth in GDP this quarter is welcome – but the economy is still smaller than at the election in real terms. With more recent data suggesting that the economy is struggling to grow, there is a real danger that we return to slow, no, or negative growth.”

    “It’s time for the Government to realise that its economic growth plan isn’t working. There are 23,000 more people on Jobseekers this year. 48% of workers in New Zealand got a pay cut in real terms. Business and consumer confidence are at levels associated with recessions. One quarter of data shouldn’t blind the government of the need for change.”

    MIL OSI New Zealand News –

  • MIL-OSI Australia: Engage with your stakeholders during SFTs

    Source: New places to play in Gungahlin

    Successor fund transfers can have a significant impact on members and their contributing employers. You should engage with your members, employers and gateways early for a smooth transition.

    Unique superannuation identifier (USI) details should be updated 28 days before they become effective so gateways, clearing houses and payroll providers can adjust their systems to reflect the changed details. This ensures rollovers and contributions go to the correct destination.

    At least 10 business days’ notice should be provided when updating non critical details and for best practice, submit critical changes at least 28 days before they become effective. Critical updates include changes to bank accounts, end-point service addresses, or end-dating a USI (product or fund is merging or winding up).

    You must provide an electronic service address for each USI, including both primary and secondary. If you use different gateway intermediary services for contributions and rollovers, we treat the contributions address as the primary service address and the rollover address as the secondary.

    During an SFT:

    • Consider the SuperStream Data and Payment StandardsExternal Link requirements.
    • Plan for availability of a fund Unique superannuation identifier (USI) through the SFT process.
    • Any limited-service period should prioritise minimal impact to employers and members. Black-out periods around quarterly super guarantee dates have adverse impacts for employers.
    • Notify members, employers, administrators, gateway operators, clearing houses and other service providers.
    • Discuss any applicable limitations and have ongoing discussions including solutions such as catch and hold.
    • Ensure all intermediaries have their access updated.

    For further guidance refer to the Successor and Intra-fund transfer reporting protocol.

    Looking for the latest news for Super funds? You can stay up to date by visiting our Super funds newsroom and subscribingExternal Link to our monthly Super funds newsletter and CRT alerts.

    MIL OSI News –

  • MIL-OSI China: China’s vice premier urges efforts to promote high-quality development of foreign trade

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

    China’s vice premier urges efforts to promote high-quality development of foreign trade

    QINGDAO, June 18 — Chinese Vice Premier He Lifeng has called for enhanced efforts to stabilize foreign trade, strengthen support and services for foreign trade enterprises, and utilize the competitive advantages of those enterprises fully to drive the high-quality development of China’s foreign trade.

    He, also a member of the Political Bureau of the Communist Party of China Central Committee, made the remarks during an inspection tour in Shandong Province which began on Tuesday and concluded on Wednesday.

    He acknowledged that amid a complex international environment, China’s manufacturing exporters have this year surmounted significant challenges and demonstrated remarkable resilience. Offering high-quality products at competitive prices, these exporters have not only bolstered domestic economic development but also contributed to greater stability in the global economy.

    By leveraging their strengths fully and maintaining focus on core businesses, exporters should deepen their presence in international markets while continuously innovating and upgrading their products, technologies and business models, the vice premier said.

    He also encouraged manufacturing exporters to coordinate their export expansions with meeting domestic demand.

    He also called on local authorities to address the practical concerns of foreign trade enterprises, and to enhance support and services for those enterprises to advance the high-quality development of foreign trade.

    MIL OSI China News –

  • MIL-OSI China: China expands zero-tariff policy for least developed countries

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

    GENEVA, June 18 — China has notified the World Trade Organization (WTO) of its expanded zero-tariff policy for least developed countries (LDCs) that maintain diplomatic relations with Beijing, raising product coverage from 98 percent to 100 percent.

    The new policy, which took effect on Dec. 1, 2024, is part of China’s broader efforts to further open up to LDCs and African nations, the Chinese delegation said at a WTO meeting in Geneva on Wednesday.

    The delegation also briefed WTO members on a recent China-Africa declaration, in which China expressed readiness to extend the zero-tariff treatment to cover 100 percent of tariff lines for all 53 African countries that have diplomatic ties with China.

    In addition to the zero-tariff initiative, China pledged further steps to promote trade in goods, and to strengthen skills and technical training programs for African LDCs.

    According to the delegation, these measures aim to create new development opportunities and growth momentum for African countries and LDCs, while also contributing to the stability and positive momentum of global trade.

    Amid ongoing turbulence in international trade, China called on all WTO members to jointly uphold a free and open international economic and trade order, and to promote inclusive and universally beneficial globalization.

    China’s measures were broadly welcomed by WTO members. Representatives from LDCs, African countries and other economies expressed appreciation, highlighting the unprecedented challenges and uncertainties faced by developing nations. They urged more members to follow China’s example by offering targeted preferential policies, capacity-building assistance, and other support to LDCs to advance inclusive and sustainable global trade development.

    MIL OSI China News –

  • MIL-OSI China: China allocates 60 mln yuan to aid flood relief efforts in Guangdong

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

    BEIJING, June 18 — The National Development and Reform Commission on Wednesday said that it has allocated 60 million yuan (about 8.36 million U.S. dollars) from China’s central budget to bolster flood relief efforts in Guangdong Province.

    The funds will be directed toward restoring infrastructure and public services in Guangdong’s affected regions, according to the commission.

    Severe flooding has recently struck the province, with Zhaoqing City among the hardest-hit areas.

    As of noon on Wednesday, continuous heavy rainfall had affected approximately 300,000 residents of Huaiji County, which is administered by Zhaoqing City, and about 70,000 people had been relocated to safer areas, according to local authorities.

    MIL OSI China News –

  • MIL-OSI China: China’s vision for deeper financial opening-up highlighted at Shanghai Lujiazui Forum

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

    China’s vision for deeper financial opening-up highlighted at Shanghai Lujiazui Forum

    SHANGHAI, June 18 — Multiple government officials have delivered speeches at the annual Lujiazui Forum being held in east China’s Shanghai, pledging efforts to promote high-standard financial opening-up despite mounting global geopolitical uncertainty.

    Among the most high-profile measures being discussed at the forum is a plan to establish an international operations center for the digital RMB, which was unveiled by Pan Gongsheng, governor of the People’s Bank of China (PBOC). The move aims to promote the internationalization of the digital currency, as well as the development of financial market services, while supporting innovation in the field of digital finance.

    The center’s establishment is one of eight new measures set to be piloted in Shanghai, Pan said. Others include the development of free trade offshore bonds to expand financing channels for companies, and the optimization of the free trade account system to facilitate cross-border trade and investment for enterprises.

    Zhu Hexin, deputy governor of the PBOC and head of the State Administration of Foreign Exchange (SAFE), said that to advance the facilitation of cross-border investment and financing, policies will be implemented nationwide to encourage foreign investment in research institutions and ease cross-border financing for technology-based enterprises.

    The policy of integrating funding pools for multinational companies in both domestic and foreign currencies will be promoted nationwide to facilitate the utilization of funds within multinational corporate groups, according to Zhu.

    A package of innovative foreign exchange policies will be implemented in China’s pilot free trade zones, including policies to optimize new international trade settlements and expand the Qualified Foreign Limited Partner (QFLP) pilot program, Zhu said.

    On Wednesday, SAFE unveiled a notice to solicit public advice on deepening reforms of the foreign exchange management of cross-border investment and financing, with the notice also pledging to facilitate cross-border financing further.

    China will exempt foreign-invested enterprises from registration requirements for domestic reinvestment, and this pilot policy will be expanded nationwide.

    On the capital market, Wu Qing, chairman of the China Securities Regulatory Commission, emphasized the role that foreign funds and institutions play in China’s capital market, calling for the promotion of the broad opening-up of markets, products and institutions.

    Following Wu’s speech, the securities regulator announced that it would allow qualified foreign investors to participate in on-exchange exchange-traded fund (ETF) options trading from Oct. 9 this year for hedging purposes only.

    China has made steady progress in financial liberalization in recent years. According to Li Yunze, head of the National Financial Regulatory Administration, the country has optimized its model of “pre-establishment national treatment plus a negative list for foreign investment,” while most restrictions on foreign access to China’s banking and insurance sectors have now been removed.

    Looking ahead, the country plans to continue improving its business environment for foreign investors, aiming to foster a more welcoming, inclusive atmosphere in which foreign institutions can leverage their strengths and grow sustainably, Li added.

    Initiated in 2008, the Lujiazui Forum has become a platform for dialogue among policymakers, financial experts and business leaders from around the world. This year’s forum, themed “Financial opening-up and cooperation for high-quality development in a changing global economy,” runs from Wednesday to Thursday.

    MIL OSI China News –

  • MIL-OSI New Zealand: O Mahurangi – Penlink to fully open in 2028

    Source: New Zealand Transport Agency

    While O Mahurangi – Penlink is still scheduled for completion in 2028, NZ Transport Agency Waka Kotahi (NZTA) had planned to open some sections of the road earlier near Stillwater and Ara Wēiti. However, a major slip at the project’s largest fill site has now delayed construction of these sections. While NZTA is still working to understand the full scheduling impacts, the project will now open as a single completed corridor.

    Cracking in the ground which was first identified in December last year required all activity in the area to pause while it could be assessed. Extensive testing and monitoring showed a deep layer under the surface (deep shear plane layer) was significantly weaker than experienced on other similar sites on the project where earthworks had been undertaken. 

    Due to the slips continued movement, emergency works were declared in March to allow remediation works to be undertaken sooner. This minimises the risk of the slip damaging existing assets and private property.   

    Regional Manager Transport Services Stephen Collett acknowledges that this delay will be frustrating to residents of Stillwater and Ara Wēiti, as well as all road users that wanted to use the road to access State Highway 1 earlier.  

    “As the project uses a cut fill balance approach for earthworks, the material at this location is unable to be stored elsewhere until we can implement a solution. Until the solution can be implemented, earthworks are unable to continue at the previous pace along the alignment.  

    “Despite the delay, O Mahurangi remains on track to open in line with the Wēiti River bridge, giving people the complete benefit of the project from day one. This will ensure a seamless and more connected journey to and from State Highway 1” says Mr Collett. 

    While remediation works are completed, construction has continued at pace in other areas of the site, including: 

    • the placement of beams and deck for the future overbridge at State Highway 1 are in place
    • the ramps from State Highway 1 are starting to be formed
    • future alignment along Duck Creek Road has had beams placed, decks poured and barriers installed. Next the team will dig out the earth from under the bridge to build the future State Highway 19
    • the western side abutment of the Wēiti River bridge is completed and the two land-based piers are at their final height. An additional two in river piers are currently being constructed.
    • landscaping along the alignment has begun
    • approximately 600,000 cubic meters of earth has been moved (about 250 Olympic sized swimming pools). 

    Once complete, O Mahurangi – Penlink will unlock long term benefits for the Auckland region, providing a more resilient network to get people where they need to be faster, supporting economic growth and connecting people to new housing developments.  

    MIL OSI New Zealand News –

  • MIL-OSI New Zealand: Strong interest in new programme for overseas-trained doctors

    Source: New Zealand Government

    A total of 180 overseas-trained doctors have expressed interest in a new Government-funded training programme aimed at boosting New Zealand’s primary care workforce, Health Minister Simeon Brown says.
    “New Zealand needs more doctors – particularly in primary and rural healthcare care settings – and this Government is taking action to make that happen,” Mr Brown says.
    “That’s why we’ve launched a new two-year training programme to support up to 100 additional overseas-trained doctors across the country.”
    Announced in March, the programme supports qualified international doctors to become registered in New Zealand, with a particular focus on those wanting to enter general practice roles – creating a clear pathway for doctors already in the country and ready to contribute to our health system.
    “It makes no sense that overseas-trained doctors already living here, ready and willing to work in primary care, are held back simply due to a lack of supported clinical training opportunities. We are changing that.”
    Applications for the programme closed on 31 May, with 184 expressions of interest received – well exceeding the number of places available. The first group of 10 overseas-trained doctors will begin in Waikato this July, with Health New Zealand currently working to match the remaining placement locations with district and primary care providers.
    “This strong response shows the scale of untapped potential in New Zealand. These doctors are eager to work where they are most needed – and this Government is opening the door for them to do so.
    “I’ve also requested advice from Health New Zealand on how to provide clear, structured pathways for doctors who have passed the NZREX to begin practising under limited scopes while they wait for a placement in general practice training.
    “This is part of our broader plan to strengthen primary and rural healthcare and ensure New Zealanders get timely access to the care they need, no matter where they live,” Mr Brown says.

    MIL OSI New Zealand News –

  • MIL-OSI New Zealand: Govt set to surpass both law and order targets

    Source: New Zealand Government

    New quarterly data shows the Government is on track to deliver on both law and order targets ahead of schedule, Minister for Children Karen Chhour and Justice Minister Paul Goldsmith say.

    “We’re determined to protect communities, reduce victimisation, and to encourage young people not to continue down the path of serious crime and incarceration,” Mrs Chhour says.

    “A year ago we set a target of reducing the number of children and young people with serious and persistent offending behaviour by 15 per cent by 2029. 

    “A 13 per cent reduction in the most recent quarter shows we are hot on the heels of achieving our goal.  

    “We’ve trialled bold new responses to this long-standing issue and have ensured agencies work in greater collaboration with each other.

    “Proactive data-driven regional responses have also helped. It has truly been a team effort. 

    “Budget 2025 saw further investment in multiple complementary ways to address recidivism amongst young people, including future iterations of the military-style academies and the Youth Serious Offender declaration.

    “We continue to want better for, and from, these young people. This is a strong start, but we’re committed to sustained and meaningful success for our communities.”

    “This success comes off the back of the Government tracking ahead of its violent crime reduction target,” Mr Goldsmith says.

    “Our Government has wasted no time overhauling a culture of excuses left behind by the last administration. Victims are our priority, and we’ve returned them to the heart of the justice system.

    “The latest New Zealand Crime and Victims Survey shows that for the year to February, there were 157,000 victims of violent crime. This is 28,000 fewer victims than the baseline set in October 2023. Specifically, there were 12,000 fewer victims in Auckland and 5,000 fewer in Canterbury.

    “There is a lot more work to do, but these results are a good early sign we are heading in the right direction.

    “We’ve provided police and the courts with extra tools to go after gangs, brought back a revised three strikes sentencing regime, restored real consequences for crime by limiting sentence discounts, and scrapped Section 27 reports.

    “We do, however, expect the data to remain volatile, and there’s still more work to do to continue driving these numbers down.”

    Updated Government Target data is available here.

    MIL OSI New Zealand News –

  • MIL-OSI USA: HVO Bulletin Series, published 1913-1929, now available online

    Source: US Geological Survey

    HVO Bulletin Series, published 1913-1929, now available online

    The Hawaiian Volcano Observatory Bulletin series was an informal publication issued between the years 1913 to 1929. Individual issues contain information on volcanic and earthquake activity, volcano research, and volcano monitoring in Hawaii, and issues often included photographs, sketches, and data plots. These resources were previously only available in print format. 

    Dr. Thomas Jaggar founded the Hawaiian Volcano Observatory in 1912 and authored many of the Bulletins. 

    The Bulletin series was published by HVO through the Hawaiian Volcano Research Association. Print archives of these materials are housed by the USGS Hawaiian Volcano Observatory (HVO) and other USGS archival repositories. HVO staff have scanned these resources and made them available digitally through the USGS Publications Warehouse: Hawaiian Volcano Observatory bulletins.

    Weekly Bulletins (initially called Reports) were issued between June 28, 1913, and July 1, 1914. Bulletins were issued monthly after July 1, 1914, though they were still named Weekly Bulletins until January 1919. Starting with the February 1919 issue, the Bulletins were named Monthly Bulletins, and they continued to be issued monthly until the series ceased in July 1929. 

    During a single year, 1915, Seismometric Bulletins were also issued quarterly. These four issues contain summaries of seismic observations recorded by the then-nascent Whitney Laboratory of Seismology, located underground in a vault near the summit of Kīlauea.

    MIL OSI USA News –

  • MIL-OSI USA: Governor Newsom announces appointments 6.18.25

    Source: US State of California Governor

    Jun 18, 2025

    SACRAMENTO – Governor Gavin Newsom today announced the following appointments:

    Dina El-Tawansy, of San Leandro, has been appointed Director of the California Department of Transportation. El-Tawansy has been District 4 Director at the California Department of Transportation since 2021, where she has held multiple positions since 1998, including District 4 Acting Director, District 4 Chief Deputy Director, District 12 Deputy Director of Operations and Maintenance, Acting Assistant Divisions Chief of Program and Project Management, Regional Project Manager, Project Manager, and Regional Engineer. She earned a Master of Science degree in Construction Management from California State University, Long Beach and a Bachelor of Science degree in Civil Engineering from California Polytechnic State University, Pomona. This position requires Senate confirmation, and the compensation is $227,388. El-Tawansy is a Democrat.

    Marta Barlow, of El Dorado Hills, has been appointed Chief Counsel at the Office of the Inspector General. Barlow has been an Attorney IV at the State Personnel Board since 2022. She was a Special Assistant Inspector General at the Office of the Inspector General from 2019 to 2022. Barlow was an Attorney IV at the California Department of Pesticide Regulation from 2011 to 2018. She was a Deputy Attorney General of the Civil Law Division at the Correctional Law Section, California Office of the Attorney General from 2007 to 2010. Barlow was an Associate Attorney at Finnegan, Marks, Hampton & Theofel from 2005 to 2007. She was an Attorney at the Law Offices of Scott Wechsler and Moore & Browning from 2004 to 2005. Barlow was a Contract Attorney at the Law Offices of Panos Lagos from 2004 to 2005. She earned a Juris Doctor degree from the University of California, Davis School of Law and a Bachelor of the Arts degree in International Relations from United States International University. This position does not require Senate confirmation, and the compensation is $208,440. Barlow is a Democrat.

    Patricia “Patti” Ochoa, of Elk Grove, has been appointed Special Assistant to the Secretary at the California Business, Consumer Services and Housing Agency. Ochoa has been Staff Services Manager I at the California Business, Consumer Services and Housing Agency since 2016, where she has held multiple roles since 2013, including Administrative Assistant II and Administrative Assistant I. She was the Administrative/Executive Assistant at the California Air Resources Board from 2008 to 2013. This position does not require Senate confirmation, and the compensation, is $108,000. Ochoa is a Democrat. 

    Press releases, Recent news

    Recent news

    Jun 18, 2025

    News What you need to know: President Trump’s illegal militarization of Los Angeles has already left crews fighting fires across the state short-staffed. SACRAMENTO – As multiple fires burn across the state today, a critical firefighting resource is short-staffed due…

    Jun 18, 2025

    News Sacramento, California – Governor Gavin Newsom today issued a proclamation declaring June 2025, as “LGBTQ+ Pride Month.”The text of the proclamation and a copy can be found below: PROCLAMATIONThis month – and every month – California supports and celebrates the…

    Jun 18, 2025

    News SACRAMENTO – Governor Gavin Newsom today issued an emergency proclamation for the City of Malibu to assist in recovery from the December 2024 Franklin Fire that caused significant damage to the local area and threatened the lives of thousands. The emergency…

    MIL OSI USA News –

  • MIL-OSI: Reliance Global Group Announces Up To $6.75 Million Private Placement Priced At-The-Market Under Nasdaq Rules

    Source: GlobeNewswire (MIL-OSI)

    LAKEWOOD, NJ, June 18, 2025 (GLOBE NEWSWIRE) — Reliance Global Group, Inc. (Nasdaq: RELI) (“Reliance,” “we,” “us,” “our” or the “Company”), today announced that it has entered into definitive agreements for the issuance and sale of an aggregate of 1,488,096 shares of its common stock (or pre-funded warrants in lieu thereof) and short-term warrants to purchase up to an aggregate of 2,976,192 shares of common stock at a purchase price of $1.68 per share (or per pre-funded warrant in lieu thereof) and accompanying short-term warrants in a private placement priced at-the-market under Nasdaq rules. The short-term warrants will be exercisable immediately upon issuance at an exercise price of $1.43 per share and will expire two years from the effective date of the Resale Registration Statement (as defined below). The offering is expected to close on or about June 20, 2025, subject to the satisfaction of customary closing conditions. 

    H.C. Wainwright & Co. is acting as the exclusive placement agent for the offering. 

    The aggregate gross proceeds to the Company from the private placement is expected to be approximately $2.5 million, before deducting placement agent fees and other offering expenses payable by the Company. The potential additional gross proceeds to the Company from the short-term warrants, if fully-exercised on a cash basis, will be approximately $4.25 million. No assurance can be given that any of such short-term warrants will be exercised. The Company intends to use the net proceeds from the offering for working capital and general corporate purposes.

    The shares of common stock, pre-funded warrants and short-term warrants described above were offered in a private placement under Section 4(a)(2) of the Securities Act of 1933, as amended (the “Act”) and Regulation D promulgated thereunder and, along with the shares of common stock underlying the pre-funded warrants and short-term warrants, have not been registered under the Act or applicable state securities laws. Accordingly, the shares of common stock, the pre-funded warrants, the short-term warrants and the shares of common stock underlying the pre-funded warrants and short-term warrants may not be offered or sold in the United States absent registration with the Securities and Exchange Commission (“SEC”) or an applicable exemption from such registration requirements. The securities were offered only to accredited investors. Pursuant to a registration rights agreement, the Company has agreed to file one or more registration statements with the SEC covering the resale of the shares of common stock and the shares issuable upon exercise of the pre-funded warrants and warrants (the “Resale Registration Statement”).

    This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

    About Reliance Global Group, Inc.

    Reliance Global Group, Inc. (NASDAQ: RELI) is an InsurTech pioneer, leveraging artificial intelligence (AI), and cloud-based technologies, to transform and improve efficiencies in the insurance agency/brokerage industry. The Company’s business-to-business InsurTech platform, RELI Exchange, provides independent insurance agencies an entire suite of business development tools, enabling them to effectively compete with large-scale national insurance agencies, whilst reducing back-office cost and burden. The Company’s business-to-consumer platform, 5minuteinsure.com, utilizes AI and data mining, to provide competitive online insurance quotes within minutes to everyday consumers seeking to purchase auto, home, and life insurance.  In addition, the Company operates its own portfolio of select retail “brick and mortar” insurance agencies which are leaders and pioneers in their respective regions throughout the United States, offering a wide variety of insurance products. Further information about the Company can be found at https://www.relianceglobalgroup.com.

    Forward-Looking Statements

    This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by terminology such as “may,” “should,” “could,” “would,” “will,” “expect,” “anticipate,” “intend,” “plan,” “believe,” “estimate,” “continue,” “potential,” and similar expressions. All statements, other than statements of historical fact, including, but not limited to, statements regarding:

    • the expected closing of the private placement and the satisfaction of customary closing conditions;
    • the Company’s intended use of proceeds from the offering;
    • the potential additional gross proceeds from the exercise of the short-term warrants;
    • the effectiveness of the Resale Registration Statement;
    • and the Company’s growth strategy and expectations regarding its operations, platforms, and market positioning,

    are forward-looking statements and are subject to substantial risks and uncertainties.

    These forward-looking statements are based on a number of assumptions, including, among others: that the offering will close on the anticipated timeline; that market and economic conditions will remain stable; that the Company will be able to deploy the net proceeds effectively; and that investors will exercise the short-term warrants in full or in part. There can be no assurance that these assumptions will prove correct.

    There are numerous risks and uncertainties that may cause actual results or performance to differ materially from those expressed or implied by these forward-looking statements. These include, among others: the risk that the offering may not close as expected or at all; the risk that the Company may not receive the anticipated proceeds from the short-term warrants; risks associated with the Company’s ability to use the proceeds effectively; general business, economic, competitive, regulatory and market factors; the impact of adverse capital and credit market conditions; and the other risks and uncertainties described in the “Risk Factors” sections of the Company’s Annual Report on Form 10-K for the year ended December 31, 2024, as amended, and in other reports filed or to be filed by the Company with the SEC.

    You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Except as required by applicable law, the Company undertakes no obligation to revise or update any forward-looking statements, whether as a result of new information, future events or otherwise.

    Contact:
    Crescendo Communications, LLC
    Tel: +1 (212) 671-1020
    Email: RELI@crescendo-ir.com

    The MIL Network –

  • MIL-OSI Security: U.S. Marshals in Connecticut Arrest Ecuador Most Wanted

    Source: US Marshals Service

    New Haven, CT – The U.S. Marshals District of Connecticut Violent Fugitive Task Force on Tuesday arrested in Oxford a man for being in violation of U.S. immigration law and he is wanted in connection with a 2011 homicide in Ecuador.

    Richard Cabrera, aka Ricardo Dionicio Cabrera-Erreyes, 50, is accused of fatally stabbing a woman in Loja, Ecuador, on Nov. 24, 2011, and Ecuadoran authorities charged him with femicide. INTERPOL issued a Red Notice on Cabrera for homicide following the attack.

    Recent evidence surfaced through international cooperation between Ecuador and the U.S. Marshals Service, with the support of INTERPOL Washington, and Cabrera was eventually located in Connecticut where he had been living under an assumed identity.

    U.S Marshals confirmed Cabrera entered the United States without legal documentation and had been residing in the country unlawfully for several years. He is currently in U.S. Immigration and Customs Enforcement (ICE) custody pending immigration removal proceedings.

    Since the inception of the U.S. Marshals – Connecticut Violent Fugitive Task Force in 1999, these partnerships have resulted in over 11,046 arrests. The task force’s objective is to seek out and arrest violent fugitives and sexual predators. Membership agencies include Hartford, Bridgeport, Norwalk, Naugatuck and Waterbury Police Departments and Homeland Security Investigations. These arrests have ranged in seriousness from murder, assault, unregistered sex offenders, probation and parole violations and numerous other serious offenses. Nationally the U.S. Marshals Service fugitive programs are carried out with local law enforcement in 94 district offices, 85 local fugitive task forces, eight regional task forces, as well as a growing network of offices in foreign countries.

    MIL Security OSI –

  • MIL-OSI Security: Tucson Man Sentenced to 8 Years in Prison on Child Pornography Charges

    Source: United States Department of Justice (Human Trafficking)

    TUCSON, Ariz. – Sergio Herran, 47, of Tucson, Arizona, was sentenced on June 17, 2025, by Senior United States District Judge Raner C. Collins to a term of 8 years in prison and a term of 5 years in prison, to be served concurrently. Following a four-day trial in March, a jury convicted Herran of Distribution of Child Pornography and Possession of Child Pornography. Herran will be on lifetime supervision upon release from prison and must register as a sex offender. Herran was also ordered to pay restitution to identified victims.

    Herran was previously tried and convicted in 2019 before a jury, but the conviction was reversed on appeal by the Ninth Circuit. On retrial, the evidence presented showed that Herran was responsible for downloading, viewing, and sharing images and videos of child pornography. These videos and images were located on Herran’s computer hard drive, phone SD card, and a tablet, which were found in Herran’s bedroom within an arm’s reach from where he slept. In total, there were over 10,000 images and 1,500 videos of child pornography on Herran’s devices, although only a representative sample was charged in the indictment. Herran was found guilty of distribution of two videos of child pornography, possession of 13 images of child pornography, and possession of eight videos of child pornography.

    Homeland Security Investigations’ Tucson Human Exploitation and Trafficking Unit conducted the investigation in this case. Assistant U.S. Attorneys, Sandra M. Hansen and Anshul Krishn, District of Arizona, handled the prosecution.

    CASE NUMBER:            CR-17-01026-TUC-RCC
    RELEASE NUMBER:    2025-096_Herran

    # # #

    For more information on the U.S. Attorney’s Office, District of Arizona, visit http://www.justice.gov/usao/az/
    Follow the U.S. Attorney’s Office, District of Arizona, on Twitter @USAO_AZ for the latest news.

    MIL Security OSI –

  • MIL-OSI: Tenaris provides information pursuant to Luxembourg Transparency Law

    Source: GlobeNewswire (MIL-OSI)

    LUXEMBOURG, June 18, 2025 (GLOBE NEWSWIRE) — Tenaris S.A. (NYSE and Mexico: TS and EXM Italy: TEN) (“Tenaris”, or the “Company”) announced today that the Company’s controlling shareholder, San Faustin S.A. (“San Faustin”), has notified the Company that, as a result of Tenaris’s open market repurchases of own shares under its share buyback program publicly announced on May 27, 2025, San Faustin has passively crossed a voting rights threshold triggering a notice requirement under the Luxembourg Transparency Law.

    On the date hereof, San Faustin informed the Company that, following repurchases of shares by Tenaris in the period from June 9 to June 13, 2025 (disclosed by Tenaris on June 13, 2025, in accordance with the EU Market Abuse Regulation), the 713,605,187 shares of the Company that San Faustin owns represent 66.82% of the Company’s voting rights. As required by the Luxembourg Transparency Law, San Faustin has further provided information on its control chain, wich confirms that the Company’s control structure disclosed on the Company’s 2024 annual report remains unchanged.

    Tenaris is a leading global supplier of steel tubes and related services for the world’s energy industry and certain other industrial applications.

    Giovanni Sardagna
    Tenaris
    1-888-300-5432
    www.tenaris.com

    The MIL Network –

  • MIL-OSI Submissions: OPEC Fund Development Forum 2025 concludes with new commitments to accelerate global development impact

    Source: OPEC Fund

    18 June 2025 – Highlights:  

    – Announcement of over US$1 billion new financing: OPEC Fund signs US$362 million new loan agreements during the Forum and announces approval of US$720 million in new financing in the second Quarter
     – A Country Partnership Framework agreement with Rwanda earmarks US$300 million financing in the next three years 
    – At the high-level Mauritania roundtable hosted by the OPEC Fund, the Arab Coordination Group (ACG) announced a pledge of US$2 billion financing over the next 5 years to support Mauritania’s development priorities.
    June 18, 2025: The fourth OPEC Fund Development Forum concluded today with a strong slate of new commitments, loan agreements and strategic partnerships to advance inclusive transition and sustainable development. The Forum, which took place in Vienna, Austria brought together more than 600 global leaders, including government representatives, development institutions and private sector stakeholders, under the theme “A Transition That Empowers Our Tomorrow”.
    The OPEC Fund announced some US$720 million in new financing to support development efforts across Africa, Asia, Latin America and the Caribbean, and saw the signing of US$362 million in new loan agreements. A new Trade Finance Initiative is set to secure vital supplies and help close trade-related liquidity gaps in partner countries.
    OPEC Fund President Abdulhamid Alkhalifa said: “The OPEC Fund Development Forum reflects our conviction that partnerships must deliver results. Today we achieved tangible progress – with new signings, new partnerships and new approaches to help our partner countries turn ambition into action. Whether in energy, infrastructure, agriculture or finance, we are responding with solutions that make a difference.”
    As part of its Small Island Developing States (SIDS) initiative, the OPEC Fund signed cooperation agreements with Grenada, and the Solomon Islands, expanding support for climate resilience and sustainable infrastructure.
    Deepening Country Partnerships for Long-term Impact: New country-level agreements and cooperation frameworks include:  
    – A US$212 million loan agreement with Oman to finance the Khasab-Daba-Lima Road Project (Sultan Faisal bin Turki Road), improving local and regional connectivity, as well as a Country Partnership Framework (CPF) to strengthen cooperation over the next five years.
    – A US$25 million loan agreement with Cameroon to strengthen the Rice Value Chain Development Project, supporting smallholder farmers and strengthening food security in vulnerable regions, in collaboration with the Islamic Development Bank (IsDB), Arab Bank for Economic Development in Africa (BADEA) and the Kuwait Fund.
    – A CPF with Rwanda to allocate up to US$300 million in financing for 2025 – 2028, supporting the country’s development priorities, including quality infrastructure, improved essential basic services and the promotion of entrepreneurship and the private sector.
    – Other country partnership agreements included: Azerbaijan to support infrastructure, energy transition and sustainable development; Botswana to support infrastructure, renewable energy, innovation and digital transformation, as well as private sector export-led growth over the next three years; Grenada to build resilience through sustainable development initiatives; Kyrgyz Republic to increase cooperation in transport, water supply and sanitation, energy, agriculture and banking sectors; and Solomon Islands to expand engagement and increase cooperation including in the private sector.
    Scaling up Private Sector Support : The OPEC Fund continues to prioritize private sector-led growth with targeted financing to financial institutions across Africa:
    – In Côte d’Ivoire, a €30 million loan agreement with Coris Bank International Côte d’Ivoire and a €35 million loan agreement with NSIA Banque will facilitate access to finance for small and medium-sized enterprises (SMEs).
    – A US$40 million loan agreement with the East African Development Bank (EADB) will boost economic investments across Kenya, Uganda, Tanzania and Rwanda, strengthening regional integration and inclusive growth.
    New Trade Finance Initiative: At the Forum the OPEC Fund also announced a new Trade Finance Initiative to boost trade resilience in partner countries by facilitating access to essential imports, closing liquidity gaps and strengthening resilience to external shocks in vulnerable economies.
    Advancing global cooperation: The Forum also featured new agreements to deepen multilateral cooperation:
    – A new cooperation agreement with the Central American Bank for Economic Integration (CABEI) will strengthen collaboration in infrastructure, energy and human development projects across the Latin America and Caribbean region.
    – The OPEC Fund and the Islamic Organization for Food Security (IOFS) formalized a cooperation agreement to coordinate efforts on climate-resilient agriculture and sustainable food systems.
    – A cooperation agreement with the International Anti-Corruption Academy (IACA) will support training programs to promote institutional transparency and anti-corruption capacity building in partner countries.
    Ahead of the Forum, the OPEC Fund hosted the Annual Meeting of the Heads of Institutions of the Arab Coordination Group (ACG). Delegates participated in a high-level roundtable with the President of Mauritania, Mohamed Ould Ghazouani to strengthen development collaboration and mobilize investment flows to Mauritania. 
    The roundtable resulted in an ACG joint pledge of US$2 billion financing over the next five years. This will be directed to vital sectors, including energy, water, transportation and digital infrastructure to stimulate economic growth. A dedicated Arab Donors Roundtable on the Sahel addressed strategies to mobilize greater support for the region’s urgent challenges. It was organized by the Permanent Interstate Committee for Drought Control in the Sahel (CLISS) and sponsored by the OPEC Fund’s partner institution, the Arab Bank for Economic Development in Africa (BADEA).
    About the OPEC Fund
    The OPEC Fund for International Development (the OPEC Fund) is the only globally mandated development institution that provides financing from member countries to non-member countries exclusively. The organization works in cooperation with developing country partners and the international development community to stimulate economic growth and social progress in low- and middle-income countries around the world. The OPEC Fund was established in 1976 with a distinct purpose: to drive development, strengthen communities and empower people. Our work is people-centered, focusing on financing projects that meet essential needs, such as food, energy, infrastructure, employment (particularly relating to MSMEs), clean water and sanitation, healthcare and education. To date, the OPEC Fund has committed more than US$29 billion to development projects in over 125 countries with an estimated total project cost of more than US$200 billion. The OPEC Fund is rated AA+/Outlook Stable by Fitch and S&P Global Ratings. Our vision is a world where sustainable development is a reality for all.  

    MIL OSI – Submitted News –

  • MIL-OSI Submissions: OPEC Fund Development Forum 2025 concludes with new commitments to accelerate global development impact

    Source: OPEC Fund

    18 June 2025 – Highlights:  

    – Announcement of over US$1 billion new financing: OPEC Fund signs US$362 million new loan agreements during the Forum and announces approval of US$720 million in new financing in the second Quarter
     – A Country Partnership Framework agreement with Rwanda earmarks US$300 million financing in the next three years 
    – At the high-level Mauritania roundtable hosted by the OPEC Fund, the Arab Coordination Group (ACG) announced a pledge of US$2 billion financing over the next 5 years to support Mauritania’s development priorities.
    June 18, 2025: The fourth OPEC Fund Development Forum concluded today with a strong slate of new commitments, loan agreements and strategic partnerships to advance inclusive transition and sustainable development. The Forum, which took place in Vienna, Austria brought together more than 600 global leaders, including government representatives, development institutions and private sector stakeholders, under the theme “A Transition That Empowers Our Tomorrow”.
    The OPEC Fund announced some US$720 million in new financing to support development efforts across Africa, Asia, Latin America and the Caribbean, and saw the signing of US$362 million in new loan agreements. A new Trade Finance Initiative is set to secure vital supplies and help close trade-related liquidity gaps in partner countries.
    OPEC Fund President Abdulhamid Alkhalifa said: “The OPEC Fund Development Forum reflects our conviction that partnerships must deliver results. Today we achieved tangible progress – with new signings, new partnerships and new approaches to help our partner countries turn ambition into action. Whether in energy, infrastructure, agriculture or finance, we are responding with solutions that make a difference.”
    As part of its Small Island Developing States (SIDS) initiative, the OPEC Fund signed cooperation agreements with Grenada, and the Solomon Islands, expanding support for climate resilience and sustainable infrastructure.
    Deepening Country Partnerships for Long-term Impact: New country-level agreements and cooperation frameworks include:  
    – A US$212 million loan agreement with Oman to finance the Khasab-Daba-Lima Road Project (Sultan Faisal bin Turki Road), improving local and regional connectivity, as well as a Country Partnership Framework (CPF) to strengthen cooperation over the next five years.
    – A US$25 million loan agreement with Cameroon to strengthen the Rice Value Chain Development Project, supporting smallholder farmers and strengthening food security in vulnerable regions, in collaboration with the Islamic Development Bank (IsDB), Arab Bank for Economic Development in Africa (BADEA) and the Kuwait Fund.
    – A CPF with Rwanda to allocate up to US$300 million in financing for 2025 – 2028, supporting the country’s development priorities, including quality infrastructure, improved essential basic services and the promotion of entrepreneurship and the private sector.
    – Other country partnership agreements included: Azerbaijan to support infrastructure, energy transition and sustainable development; Botswana to support infrastructure, renewable energy, innovation and digital transformation, as well as private sector export-led growth over the next three years; Grenada to build resilience through sustainable development initiatives; Kyrgyz Republic to increase cooperation in transport, water supply and sanitation, energy, agriculture and banking sectors; and Solomon Islands to expand engagement and increase cooperation including in the private sector.
    Scaling up Private Sector Support : The OPEC Fund continues to prioritize private sector-led growth with targeted financing to financial institutions across Africa:
    – In Côte d’Ivoire, a €30 million loan agreement with Coris Bank International Côte d’Ivoire and a €35 million loan agreement with NSIA Banque will facilitate access to finance for small and medium-sized enterprises (SMEs).
    – A US$40 million loan agreement with the East African Development Bank (EADB) will boost economic investments across Kenya, Uganda, Tanzania and Rwanda, strengthening regional integration and inclusive growth.
    New Trade Finance Initiative: At the Forum the OPEC Fund also announced a new Trade Finance Initiative to boost trade resilience in partner countries by facilitating access to essential imports, closing liquidity gaps and strengthening resilience to external shocks in vulnerable economies.
    Advancing global cooperation: The Forum also featured new agreements to deepen multilateral cooperation:
    – A new cooperation agreement with the Central American Bank for Economic Integration (CABEI) will strengthen collaboration in infrastructure, energy and human development projects across the Latin America and Caribbean region.
    – The OPEC Fund and the Islamic Organization for Food Security (IOFS) formalized a cooperation agreement to coordinate efforts on climate-resilient agriculture and sustainable food systems.
    – A cooperation agreement with the International Anti-Corruption Academy (IACA) will support training programs to promote institutional transparency and anti-corruption capacity building in partner countries.
    Ahead of the Forum, the OPEC Fund hosted the Annual Meeting of the Heads of Institutions of the Arab Coordination Group (ACG). Delegates participated in a high-level roundtable with the President of Mauritania, Mohamed Ould Ghazouani to strengthen development collaboration and mobilize investment flows to Mauritania. 
    The roundtable resulted in an ACG joint pledge of US$2 billion financing over the next five years. This will be directed to vital sectors, including energy, water, transportation and digital infrastructure to stimulate economic growth. A dedicated Arab Donors Roundtable on the Sahel addressed strategies to mobilize greater support for the region’s urgent challenges. It was organized by the Permanent Interstate Committee for Drought Control in the Sahel (CLISS) and sponsored by the OPEC Fund’s partner institution, the Arab Bank for Economic Development in Africa (BADEA).
    About the OPEC Fund
    The OPEC Fund for International Development (the OPEC Fund) is the only globally mandated development institution that provides financing from member countries to non-member countries exclusively. The organization works in cooperation with developing country partners and the international development community to stimulate economic growth and social progress in low- and middle-income countries around the world. The OPEC Fund was established in 1976 with a distinct purpose: to drive development, strengthen communities and empower people. Our work is people-centered, focusing on financing projects that meet essential needs, such as food, energy, infrastructure, employment (particularly relating to MSMEs), clean water and sanitation, healthcare and education. To date, the OPEC Fund has committed more than US$29 billion to development projects in over 125 countries with an estimated total project cost of more than US$200 billion. The OPEC Fund is rated AA+/Outlook Stable by Fitch and S&P Global Ratings. Our vision is a world where sustainable development is a reality for all.  

    MIL OSI – Submitted News –

  • MIL-OSI Submissions: Economy – Fed holds rates – markets turn to Powell’s successor amid Trump rant – deVere Group

    Source: deVere Group

    June 18 2025 – The Federal Reserve has held interest rates steady—resisting mounting pressure from President Trump to cut—and investors are now preparing for what may come next: a pro-Trump successor at the helm of the world’s most powerful central bank.

    Global financial advisory giant deVere Group says the central bank’s decision is the right one, warning that cutting too soon could have backfired badly and pushed long-term borrowing costs higher, not lower.

    Nigel Green, CEO of deVere Group, says: “Trump wants a full-point rate cut to offset the damage from his own tariffs. But if the Fed delivers prematurely, markets will punish that kind of political submission. Long yields could spike, and the cost of capital could rise across the board.”

    May inflation data shows some easing—headline CPI dipped to 2.4% and core to 2.8%—but it is not enough for the Fed to justify a move. Wage growth remains resilient, household consumption is firm, and services inflation is still uncomfortably sticky.

    “The Fed is right to stay on hold,” says Nigel Green. “The disinflation trend is fragile, the tariff shock is still working its way through, and rate cuts in this environment would send the wrong message.”

    Tensions hit a new peak on Wednesday morning, just hours before the central bank’s decision, when President Trump launched a personal attack on Fed Chair Jerome Powell during an impromptu press briefing on the South Lawn of the White House.

    Speaking beside a new row of flagpoles unveiled as part of a symbolic national display ahead of what the president described as a “potential war with Iran,” Trump again blamed the Fed for slowing the economy and accused Powell of incompetence.

    “We’re doing well. Well as a country, if the Fed would ever lower rates, you know, we’d buy debt for a lot less,” he told reporters. “Do you ever have a guy that’s not a smart person and you’re dealing with him and you have to deal? He’s not a smart guy.”

    deVere points to sharp movements in the yield curve as a warning sign. The 2-year/30-year spread is now at its widest since early 2022. Investors are demanding more compensation to hold long-dated Treasuries amid growing concern about inflation credibility, surging debt issuance, and the creeping politicisation of the Fed.

    “What we’re seeing now is a re-pricing of long-term risk,” says Green. “If the Fed signals it’s willing to bow to political pressure, it damages its ability to anchor expectations—and yields will move accordingly.”

    The decision to hold comes against the backdrop of Trump’s increasingly aggressive demands for looser monetary policy and his influence over the next central bank leadership decision. Powell’s term

    MIL OSI – Submitted News –

  • MIL-OSI Submissions: Economy – Fed holds rates – markets turn to Powell’s successor amid Trump rant – deVere Group

    Source: deVere Group

    June 18 2025 – The Federal Reserve has held interest rates steady—resisting mounting pressure from President Trump to cut—and investors are now preparing for what may come next: a pro-Trump successor at the helm of the world’s most powerful central bank.

    Global financial advisory giant deVere Group says the central bank’s decision is the right one, warning that cutting too soon could have backfired badly and pushed long-term borrowing costs higher, not lower.

    Nigel Green, CEO of deVere Group, says: “Trump wants a full-point rate cut to offset the damage from his own tariffs. But if the Fed delivers prematurely, markets will punish that kind of political submission. Long yields could spike, and the cost of capital could rise across the board.”

    May inflation data shows some easing—headline CPI dipped to 2.4% and core to 2.8%—but it is not enough for the Fed to justify a move. Wage growth remains resilient, household consumption is firm, and services inflation is still uncomfortably sticky.

    “The Fed is right to stay on hold,” says Nigel Green. “The disinflation trend is fragile, the tariff shock is still working its way through, and rate cuts in this environment would send the wrong message.”

    Tensions hit a new peak on Wednesday morning, just hours before the central bank’s decision, when President Trump launched a personal attack on Fed Chair Jerome Powell during an impromptu press briefing on the South Lawn of the White House.

    Speaking beside a new row of flagpoles unveiled as part of a symbolic national display ahead of what the president described as a “potential war with Iran,” Trump again blamed the Fed for slowing the economy and accused Powell of incompetence.

    “We’re doing well. Well as a country, if the Fed would ever lower rates, you know, we’d buy debt for a lot less,” he told reporters. “Do you ever have a guy that’s not a smart person and you’re dealing with him and you have to deal? He’s not a smart guy.”

    deVere points to sharp movements in the yield curve as a warning sign. The 2-year/30-year spread is now at its widest since early 2022. Investors are demanding more compensation to hold long-dated Treasuries amid growing concern about inflation credibility, surging debt issuance, and the creeping politicisation of the Fed.

    “What we’re seeing now is a re-pricing of long-term risk,” says Green. “If the Fed signals it’s willing to bow to political pressure, it damages its ability to anchor expectations—and yields will move accordingly.”

    The decision to hold comes against the backdrop of Trump’s increasingly aggressive demands for looser monetary policy and his influence over the next central bank leadership decision. Powell’s term

    MIL OSI – Submitted News –

  • MIL-OSI United Kingdom: expert reaction to study comparing evidence on intermittent fasting and traditional calorie reduction diets for weight loss

    Source: United Kingdom – Executive Government & Departments

    A study published in The BMJ compares the evidence around intermittent fasting and calorie restriction for weight loss. 

    Prof Maik Pietzner, Chair in Health Data Modelling, Queen Mary University of London’s Precision Health University Research Institute; and co-lead of the Computational Medicine Group at Berlin Institute of Health at Charité, said:

    “The study is well executed, and results are presented in a balanced way reflecting the results of the analysis.  The press release is also well written and is in line with the evidence in the field, that any strategy reducing calorie intake results in a proportional weight loss, either at each meal (CER) or by skipping meals (intermittent fasting).  The missing additional benefit on cardiovascular risk markers of any intermittent fasting schemes aligns with our study that indicated that much longer periods fasting would be needed to change those.  However, we’ve seen that even those reverse quickly to levels seem before the intervention.

    “One point to stress might be the rather moderate level of weight loss achieved with any intervention and the missing long-term follow-up in terms of weight maintenance and reduction in the onset of major diseases.  For example, all dietary regimens, including the different forms of intermittent fasting, are unlikely to be sustainable.  A fact also indicated by the decline in adherence in most studies.

    “In brief, eating less leads to weight loss, irrespective on how you do it.  Aspects that are missed but would have been of interest, are any effects on muscle mass, which is a major concern for current pharmacological interventions on obesity.”

    Prof Naveed Sattar, Professor of Cardiometabolic Medicine/Honorary Consultant, University of Glasgow, said:

    “This meta-analysis of mainly small trials helps to give a general sense of the benefits of intermittent fasting, even if some of the included trials were suboptimal.  Overall, the results do not surprise as there is nothing magical about intermittent fasting for weight loss beyond being another way for people to keep their total calorie intake lower than it would be otherwise – this helps people maintain a lower weight than they would normally.  Hence, it becomes another lifestyle option for weight management.  Whether it is sustainable over the longer term is worth to examine, whereas for those who need to lose much more weight, other options are now clearly available.”

    Dr Amanda Avery, Associate Professor in Nutrition and Dietetics, University of Nottingham, said:

    “This systematic review has compared the weight loss achieved by people in clinical trials who have undertaken intermittent fasting compared to the more traditional dietary approaches to losing weight which involve a continuous reduction in energy (calorie) intake (CER).  Systematic reviews are considered gold standard in research hierarchy and a meta-analysis allows a deeper understanding of the results – meta-analyses statistically interpret the overall findings for us.  This systematic review involved a novel network meta-analysis which is an advanced statistical technique that enables comparisons of multiple interventions including those that have not been compared in head-to-head trials.

    “Given that nearly 100 clinical trials were included in this systematic review, although some with a small number of participants, this research probably provides as good an insight as we are going to find as to whether intermittent fasting (IF) is as effective as traditional dietary approaches to weight management involving a consistent reduction in calories on a daily basis.

    “The authors have carefully considered most of the factors that could affect the interpretation of the findings – the first being that there is no definition for what we mean by IF and a number of different approaches to IF such as time restricted eating, alternate day fasting and the 5:2 approach.  The second factor that makes interpreting the findings difficult is that there are different approaches to achieving CER and the support and resources that people are offered to reduce their daily energy intake may affect how successful they are in losing weight and maintaining weight loss.  Compliance to any intervention will make a difference and people are individuals – one approach may work for one person but not for another.

    “Some of the studies included in the review had a very short intervention period – that is the time when participants were following the different approaches to losing weight.  The authors did conclude that more emphasis should be put on interventions that have been conducted over a longer period of time.  Perhaps as we may have expected, for the studies that had been conducted for 24 weeks or more, it was found that there was no difference between IF and CER in the weight changes seen – but at least they were both more effective compared to no dietary intervention.

    “The pros and cons of IF and CER have been debated for some time now.  This review can hopefully end the debate with the conclusion that if someone choses IF and overall a nutritionally balanced diet is still achieved then it could be used as one of the options to support weight loss with the more traditional dietary approaches still remaining as key strategies – alongside appropriate support.  The majority of the participants in the included studies had higher BMIs and an associated health condition and thus the findings are appropriate for many people who would benefit from weight management.  However I would like to emphasise that IF is not recommended during pregnancy.”

    ‘Intermittent fasting strategies on body weight and other cardiometabolic risk factors: systematic review and network meta-analysis of randomised clinical trials’ by Zhila Semnani-Azad et al. was published in the BMJ at 23:30 UK time on Wednesday 18 June 2025. 

    DOI: 10.1136/bmj-2024-082007

    Declared interests

    Prof Maik Pietzner: “Professor Pietzner has received funding from industry partners (SomaLogic Inc.) to attend conferences unrelated to this work.  No other conflict of interest.”

    Prof Naveed Sattar: “NS has consulted for and/or received speaker honoraria from Abbott Laboratories, AbbVie, Afimmune, Amgen, AstraZeneca, Boehringer Ingelheim, Carmot Therapeutics, Eli Lilly, GlaxoSmithKline, Hanmi Pharmaceuticals, Janssen, Menarini-Ricerche, Merck Sharp & Dohme, Metsera, Novartis, Novo Nordisk, Pfizer, Sanofi, and Roche; and received grant support paid to his University from AstraZeneca, Boehringer Ingelheim, Novartis, and Roche.  No shares in any medical areas.”

    Dr Amanda Avery: “Besides my academic position at the University of Nottingham, I also hold a position at Slimming World as Consultant dietitian in the Nutrition, Research & Health Policy team. 

    I have no other conflicts of interest to declare.”

    MIL OSI United Kingdom –

  • MIL-OSI Canada: Farmers’ market program delivers another bountiful harvest

    Source: Government of Canada regional news

    People in British Columbia will continue to have improved access to nutritious, locally grown foods through the B.C. Farmers’ Market Nutrition Coupon Program. 

    “As the weather warms up and more people take advantage of British Columbia’s amazing farmers’ markets, we are helping people and families on lower incomes access fresh and nutritious foods grown in their communities,” said Josie Osborne, Minister of Health. “The Farmers’ Market Nutrition Coupon Program promotes healthy eating and gives people an opportunity to connect with and support local farmers and producers.”

    The B.C. Farmers’ Market Nutrition Program is operating in more than 90 communities throughout the province, reaching families, seniors and pregnant people from more than 8,500 households.

    “We all want people to be able to access nutritious, healthy food in their communities,” said Sheila Malcolmson, Minister of Social Development and Poverty Reduction. “Our funding will help more people, including seniors and families, put fresh food on the table, while also investing in local agriculture.”

    Delivered by the B.C. Association of Farmers’ Markets (BCAFM), the B.C. Farmers’ Market Nutrition Coupon Program is a healthy-eating initiative that strengthens local food systems throughout the province by providing an additional source of income for B.C. farmers during the market season. With funding from the Province, the program provides coupons to community partners supporting people and families with lower incomes. Coupons can be used to buy fresh, nutritious and locally grown food at more than 100 participating B.C. farmers’ markets.

    “This program helps people on a low income get fresh and nutritious food grown by local farmers,” said Lana Popham, Minister of Agriculture and Food. “I’m so thankful farmers in B.C. participate in this program, helping to build community and sharing the bounty of their hard work.”

    This year, the Province is providing the program with $4.25 million. Households enrolled in the program can receive as much as $27 a week in coupons to use at participating farmers’ markets for as long as 16 weeks. The coupons can be used to buy fresh produce, nuts, eggs, dairy products, herbs, vegetable and fruit plants, honey, meat and fish. To receive the coupons, participants register with community partners, which distribute the coupons to those eligible. However, the 2025 program is currently at capacity for this year and is no longer taking applications.

    “The B.C. Association of Farmers’ Markets is grateful and proud to have delivered this beloved program for many, many years,” said Heather O’Hara, executive director, BCAFM. “Through the program, we reach diverse people and communities in all corners of the province every year. In 2025, we know people want to taste B.C. like never before at our incredible farmers’ markets.”

    Farmers’ markets are a central part of many communities in B.C. Every year, they generate more than $232 million for local economies, helping farmers, small businesses and communities thrive. Support for farmers’ markets strengthens local food systems and helps foster the sector’s resilience and self-reliance.

    Quick Facts:

    • The Ministry of Health has been funding the B.C. Farmers’ Market Nutrition Coupon Program since 2012.
    • In 2024, the program supported 8,609 participants through 235 community partners in 94 B.C. communities.
    • Each year, almost five million people visit B.C. farmers’ markets, which are a gateway to experiencing the culture, flavours and food of the province.
    • BCAFM is a registered B.C. non-profit society that strengthens farmers’ markets, supports B.C. farmers and educates the public about choosing healthy, B.C.-grown products.
    • The group is committed to nurturing a secure food system and ensuring the viability of farming for the future.

    Learn More:

    For more information about the B.C. Farmers’ Market Nutrition Coupon Program, visit: https://bcfarmersmarket.org/coupon-program/how-it-works/

    To locate a participating farmers’ market in your community, visit the B.C. Farmers’ Market Trail: https://bcfarmersmarkettrail.com

    To learn more about government supports for B.C. farmers, visit: https://news.gov.bc.ca/releases/2025AF0001-000001

    To discover how you can enjoy more B.C. food and beverages, visit: https://buybc.gov.bc.ca/

    MIL OSI Canada News –

  • MIL-OSI USA: As fires burn across the state, Trump’s illegal Guard deployment is already leaving firefighting crews short-staffed

    Source: US State of California Governor

    Jun 18, 2025

    What you need to know: President Trump’s illegal militarization of Los Angeles has already left crews fighting fires across the state short-staffed.

    SACRAMENTO – As multiple fires burn across the state today, a critical firefighting resource is short-staffed due to President Trump’s illegal federalization of California’s National Guard troops. 

    CAL FIRE crews responding to the Monte Fire in San Diego have had to fill in gaps left by an understaffed California National Guard (CalGuard) Joint Task Force Rattlesnake team. 

    Task Force Rattlesnake is made up of over 300 California National Guard members, who work at the direction of CAL FIRE to help fight and prevent fires. More than half of that team has been diverted to Los Angeles as part of President Trump’s illegal federalization of the Guard. 

    Thanks to recent historic investments, CAL FIRE has been able to step up with robust resources to protect communities but Task Force Rattlesnake’s understaffing and recent federal cuts create unnecessary strain. 

    “We’re actively seeing the dangerous results of pulling the National Guard’s Task Force Rattlesnake off of critical firefighting missions. Thanks to our investments, our CAL FIRE crews are stepping in to help fill the gaps and protect communities — but know this: Donald Trump is endangering Californians because of his reckless and authoritarian takeover of our National Guard.”

    Governor Gavin Newsom

    The National Guard impact is on top of the Trump administration’s dangerous cuts to the U.S. Forest Service, which also threatens the safety of communities across the state. The U.S. Forest Service has lost 10% of all positions and 25% of positions outside of direct wildfire response – both of which are likely to impact wildfire response this year. 

    California’s unprecedented wildfire readiness 

    Despite the President’s dangerous recklessness, the state stands ready to protect communities. As part of the state’s ongoing investment in wildfire resilience and emergency response, CAL FIRE has significantly expanded its workforce over the past five years by adding an average of 1,800 full-time and 600 seasonal positions annually – nearly double that from the previous administration. Over the next four years and beyond, CAL FIRE will be hiring thousands of additional firefighters, natural resource professionals, and support personnel to meet the state’s growing demands.

    Late last month, the Governor announced $72 million for projects across the state that help reduce catastrophic wildfire risk. Additionally, 20 new vegetation management projects spanning nearly 8,000 acres have already been approved for fast-tracking under the Governor’s new streamlining initiative.

    This builds on consecutive years of intensive and focused work by California to confront the severe ongoing risk of catastrophic wildfires, and Governor Newsom’s emergency proclamation signed in March to fast-track forest and vegetation management projects throughout the state. Additionally, to bolster the state’s ability to respond to fires, Governor Newsom recently announced that the state’s second C-130 Hercules airtanker is ready for firefighting operations, adding to the largest aerial firefighting fleet in the world. 

    New, bold moves to streamline state-level regulatory processes builds long-term efforts already underway in California to increase wildfire response and forest management in the face of a hotter, drier climate. A full list of California’s progress on wildfire resilience is available here.

    Press releases, Recent news

    Recent news

    Jun 18, 2025

    News Sacramento, California – Governor Gavin Newsom today issued a proclamation declaring June 2025, as “LGBTQ+ Pride Month.”The text of the proclamation and a copy can be found below: PROCLAMATIONThis month – and every month – California supports and celebrates the…

    Jun 18, 2025

    News SACRAMENTO – Governor Gavin Newsom today issued an emergency proclamation for the City of Malibu to assist in recovery from the December 2024 Franklin Fire that caused significant damage to the local area and threatened the lives of thousands. The emergency…

    Jun 18, 2025

    News SACRAMENTO – Governor Gavin Newsom today announced his appointment of 16 Superior Court Judges: six in Los Angeles County; one in Merced County; one in Orange County; one in San Diego County; two in San Francisco County; three in Santa Clara County; one in San…

    MIL OSI USA News –

  • MIL-OSI Australia: National Australia Bank pays $751,200 in penalties for alleged breaches of Consumer Data Right Rules

    Source: Australian Ministers for Regional Development

    National Australia Bank Limited (NAB) has paid penalties totalling $751,200 after the ACCC issued it with four infringement notices for alleged contraventions of the Consumer Data Right (CDR) Rules.

    The infringement notices relate to alleged failures by NAB to disclose, or accurately disclose, credit limit data in response to four separate requests made by different CDR accredited providers on behalf of consumers.

    The CDR is an economy-wide data sharing program that empowers Australians to leverage the data businesses hold about them for their own benefit.

    For the CDR to be effective it is critical that the data which a consumer has consented to be shared is accurate, up-to-date, complete and in the required format. 

    “Poor data quality prevents consumers from experiencing the full benefits of the CDR. When banks or energy retailers don’t provide accurate data, consumers can’t take advantage of CDR products and services to compare products, find better deals, manage their finances or make informed decisions about product switching,” ACCC Deputy Chair Catriona Lowe said.

    In this case, a failure to provide accurate information in relation to credit card limits impacted the service a number of fintechs provided to consumers, including some fintechs who offer mortgage broking tools using CDR data. These tools are designed to provide consumers with faster, simpler and more secure loan applications which better leverage their own data. 

    NAB’s payment of these penalties is the highest amount paid for alleged contraventions of the CDR Rules to date. NAB cooperated with the ACCC’s investigation and has rectified the data quality issues identified.

    Data holders in the banking sector have had several years to understand and implement their CDR obligations. As the CDR continues to mature, data quality within the CDR remains a priority conduct area for the ACCC. In the second half of 2024, CDR participants reported to the ACCC that over 530,000 consumers successfully used CDR products and services across the banking and energy sectors, representing an increase of 135 per cent from the previous six months. During the same period, approximately 582 million consumer data requests were made. 

    “All CDR participants are reminded that failure to comply with the CDR rules will result in scrutiny by the ACCC and may result in enforcement action,” Ms Lowe said.

    Notes to editors

    The payment of a penalty specified in an infringement notice is not an admission of a contravention of the CDR rules.

    The ACCC can issue an infringement notice when it has reasonable grounds to believe a person or business has contravened certain provisions of the CDR rules.

    More information on the obligations of data holders can be found in the Compliance guide for data holders.

    At the time of the alleged conduct the penalty amount for each infringement notice was fixed at $187,800 for a listed corporation. Since 7 November 2024, the penalty has been increased to $198,000 for each infringement notice.

    Background

    CDR gives consumers the right to safely transfer data about themselves from data holders to accredited persons, potentially to access new products and services, including better deals on everyday products and services.

    CDR is an economy-wide reform that is being rolled out sector by sector. The CDR has been rolled out to banking (from July 2020) and energy (from November 2022), with the non-bank lending sector to follow from mid-2026.

    The transfer of consumer data occurs between data holders and accredited persons, or accredited providers. The Australian Government has designed and oversees the system to ensure it is safe and secure for consumers. Accredited providers must go through a rigorous process to become accredited by the Data Recipient Accreditor (currently the ACCC) to provide services to consumers using CDR data. A list of current providers (along with further information about CDR) is available on the CDR website.

    The ACCC, together with its co-regulator, the Office of the Australian Information Commissioner, is responsible for ensuring CDR participants, including accredited providers and data holders, comply with their CDR obligations.

    The Treasury leads CDR policy, including development of rules and advice to government on which sectors CDR should apply to in the future. Within Treasury, the Data Standards Body develops the standards that prescribe how data is shared under CDR.

    MIL OSI News –

  • MIL-OSI: NuVista Receives TSX Approval for the Renewal of its Normal Course Issuer Bid

    Source: GlobeNewswire (MIL-OSI)

    CALGARY, Alberta, June 18, 2025 (GLOBE NEWSWIRE) — NuVista Energy Ltd. (TSX:NVA, “NVA” or the “Corporation”) announces that the Toronto Stock Exchange (the “TSX”) has approved the renewal of the Corporation’s normal course issuer bid (the “2025 NCIB”).

    Normal Course Issuer Bid Renewal

    Pursuant to the 2025 NCIB, NuVista may purchase for cancellation, from time to time, as it considers advisable, up to a maximum of 16,398,617 common shares of the Corporation. The 2025 NCIB will become effective on June 23, 2025 and will terminate on June 22, 2026 or such earlier time as the 2025 NCIB is completed or terminated at the option of NuVista.

    NuVista has completed its minimum $100 million share repurchase target for the year, underscoring its commitment to disciplined growth and returning capital to shareholders. NuVista currently believes that the best method for return of capital to shareholders is through share repurchases. For the remainder of the year, at least 75% of incremental free adjusted funds flow will be allocated to additional share buybacks. We remain focused on our disciplined and value-adding growth strategy, and providing significant shareholder returns.

    The maximum number of common shares to be purchased pursuant to the 2025 NCIB represents 10% of the public float, as of June 12, 2025. Purchases pursuant to the 2025 NCIB will be made on the open market through the facilities of the TSX and/or Canadian alternative trading systems. The number of common shares that can be purchased pursuant to the 2025 NCIB is subject to a daily maximum of 195,945 common shares (which is equal to 25% of the average daily trading volume of 783,783 from December 1, 2024 to May 31, 2025) with the exception that one block purchase in excess of the daily maximum is permitted per calendar week. The price that NuVista will pay for any common shares under the 2025 NCIB will be the prevailing market price on the TSX at the time of such purchase.

    NuVista has entered into an automatic share purchase plan (“ASPP”) with a broker to facilitate repurchases of its common shares. Under the Corporation’s ASPP, the broker may repurchase shares under the normal course issuer bid during the Corporation’s self-imposed blackout periods. Purchases will be made by the broker based upon the parameters prescribed by the TSX and applicable securities laws and the terms of the plan and the parties’ written agreement. Outside of these blackout periods, common shares may be purchased under the 2025 NCIB in accordance with management’s discretion.

    Under the previous normal course issuer bid (the “2024 NCIB”), pursuant to which NuVista was approved to repurchase up to 14,234,451 common shares, NuVista repurchased 11,234,200 common shares at a weighted average price paid per share of $12.76. The term of the 2024 NCIB has expired and no further shares may be purchased thereunder.

    As of the close of business on June 12, 2025, the Corporation had 197,400,294 common shares issued and outstanding and a public float of 163,986,173 common shares. All common shares acquired under the 2025 NCIB will be cancelled.

    This news release does not constitute an offer to sell, or a solicitation of an offer to buy, any security and shall not constitute an offer, solicitation or sale in any jurisdiction in which such an offer, solicitation, or sale would be unlawful.

    About NuVista

    NuVista is an oil and natural gas company actively engaged in the exploration for, and the development and production of, oil and natural gas reserves in the province of Alberta. NuVista’s primary focus is on the scalable and repeatable condensate-rich Montney formation in the Pipestone and Wapiti areas of the Alberta Deep Basin. This play has the potential to create significant shareholder value due to the high-value condensate volumes associated with the natural gas production and the large scope of this resource play. The common shares of NuVista trade on the TSX under the symbol NVA. Learn more at www.nuvistaenergy.com

    Forward-Looking Information

    This news release contains certain forward-looking information and statements within the meaning of applicable securities laws. The use of any of the words “expect”, “anticipate”, “continue”, “estimate”, “may”, “will”, “project”, “should”, “believe”, “plans”, “intends” “forecast” and similar expressions are intended to identify forward-looking information or statements. In particular, and without limiting the foregoing, this news release contains forward-looking statements with respect to NuVista’s intentions with respect to the 2025 NCIB, including the return of capital to shareholders, the timing for beginning purchases of common shares under the 2025 NCIB and the effects of repurchases of common shares under the 2025 NCIB. Forward-looking statements or information are based on a number of material factors, expectations or assumptions of NuVista which have been used to develop such statements and information but which may prove to be incorrect. Although NuVista believes that the expectations reflected in such forward-looking statements or information are reasonable, undue reliance should not be placed on forward-looking statements because NuVista can give no assurance that such expectations will prove to be correct. The forward-looking information and statements contained in this news release speak only as of the date of this news release, and NuVista does not assume any obligation to publicly update or revise any of the included forward-looking statements or information, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.

    FOR FURTHER INFORMATION CONTACT:

    Mike J. Lawford Ivan J. Condic
    President and CEO VP, Finance and CFO
    (403) 538-1936  (403) 538-1945

    The MIL Network –

  • MIL-OSI: NuVista Receives TSX Approval for the Renewal of its Normal Course Issuer Bid

    Source: GlobeNewswire (MIL-OSI)

    CALGARY, Alberta, June 18, 2025 (GLOBE NEWSWIRE) — NuVista Energy Ltd. (TSX:NVA, “NVA” or the “Corporation”) announces that the Toronto Stock Exchange (the “TSX”) has approved the renewal of the Corporation’s normal course issuer bid (the “2025 NCIB”).

    Normal Course Issuer Bid Renewal

    Pursuant to the 2025 NCIB, NuVista may purchase for cancellation, from time to time, as it considers advisable, up to a maximum of 16,398,617 common shares of the Corporation. The 2025 NCIB will become effective on June 23, 2025 and will terminate on June 22, 2026 or such earlier time as the 2025 NCIB is completed or terminated at the option of NuVista.

    NuVista has completed its minimum $100 million share repurchase target for the year, underscoring its commitment to disciplined growth and returning capital to shareholders. NuVista currently believes that the best method for return of capital to shareholders is through share repurchases. For the remainder of the year, at least 75% of incremental free adjusted funds flow will be allocated to additional share buybacks. We remain focused on our disciplined and value-adding growth strategy, and providing significant shareholder returns.

    The maximum number of common shares to be purchased pursuant to the 2025 NCIB represents 10% of the public float, as of June 12, 2025. Purchases pursuant to the 2025 NCIB will be made on the open market through the facilities of the TSX and/or Canadian alternative trading systems. The number of common shares that can be purchased pursuant to the 2025 NCIB is subject to a daily maximum of 195,945 common shares (which is equal to 25% of the average daily trading volume of 783,783 from December 1, 2024 to May 31, 2025) with the exception that one block purchase in excess of the daily maximum is permitted per calendar week. The price that NuVista will pay for any common shares under the 2025 NCIB will be the prevailing market price on the TSX at the time of such purchase.

    NuVista has entered into an automatic share purchase plan (“ASPP”) with a broker to facilitate repurchases of its common shares. Under the Corporation’s ASPP, the broker may repurchase shares under the normal course issuer bid during the Corporation’s self-imposed blackout periods. Purchases will be made by the broker based upon the parameters prescribed by the TSX and applicable securities laws and the terms of the plan and the parties’ written agreement. Outside of these blackout periods, common shares may be purchased under the 2025 NCIB in accordance with management’s discretion.

    Under the previous normal course issuer bid (the “2024 NCIB”), pursuant to which NuVista was approved to repurchase up to 14,234,451 common shares, NuVista repurchased 11,234,200 common shares at a weighted average price paid per share of $12.76. The term of the 2024 NCIB has expired and no further shares may be purchased thereunder.

    As of the close of business on June 12, 2025, the Corporation had 197,400,294 common shares issued and outstanding and a public float of 163,986,173 common shares. All common shares acquired under the 2025 NCIB will be cancelled.

    This news release does not constitute an offer to sell, or a solicitation of an offer to buy, any security and shall not constitute an offer, solicitation or sale in any jurisdiction in which such an offer, solicitation, or sale would be unlawful.

    About NuVista

    NuVista is an oil and natural gas company actively engaged in the exploration for, and the development and production of, oil and natural gas reserves in the province of Alberta. NuVista’s primary focus is on the scalable and repeatable condensate-rich Montney formation in the Pipestone and Wapiti areas of the Alberta Deep Basin. This play has the potential to create significant shareholder value due to the high-value condensate volumes associated with the natural gas production and the large scope of this resource play. The common shares of NuVista trade on the TSX under the symbol NVA. Learn more at www.nuvistaenergy.com

    Forward-Looking Information

    This news release contains certain forward-looking information and statements within the meaning of applicable securities laws. The use of any of the words “expect”, “anticipate”, “continue”, “estimate”, “may”, “will”, “project”, “should”, “believe”, “plans”, “intends” “forecast” and similar expressions are intended to identify forward-looking information or statements. In particular, and without limiting the foregoing, this news release contains forward-looking statements with respect to NuVista’s intentions with respect to the 2025 NCIB, including the return of capital to shareholders, the timing for beginning purchases of common shares under the 2025 NCIB and the effects of repurchases of common shares under the 2025 NCIB. Forward-looking statements or information are based on a number of material factors, expectations or assumptions of NuVista which have been used to develop such statements and information but which may prove to be incorrect. Although NuVista believes that the expectations reflected in such forward-looking statements or information are reasonable, undue reliance should not be placed on forward-looking statements because NuVista can give no assurance that such expectations will prove to be correct. The forward-looking information and statements contained in this news release speak only as of the date of this news release, and NuVista does not assume any obligation to publicly update or revise any of the included forward-looking statements or information, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.

    FOR FURTHER INFORMATION CONTACT:

    Mike J. Lawford Ivan J. Condic
    President and CEO VP, Finance and CFO
    (403) 538-1936  (403) 538-1945

    The MIL Network –

  • MIL-OSI: Narda-MITEQ Awarded Prototype to Optimize Power Dividers in Growler Aircrafts for DoN

    Source: GlobeNewswire (MIL-OSI)

    LOS ANGELES, June 18, 2025 (GLOBE NEWSWIRE) — Naval Air Systems Command (NAVAIR) Program Manager Air (PMA)–265 and Naval Surface Warfare Center, Crane Division (NSWC Crane), in partnership with NSTXL through the S²MARTS OTA, have announced a prototype award to optimize Power Dividers for the EA–18G aircraft. NAVAIR is qualifying a new design and source of supply for the Power Dividers, which are utilized in the ALQ-218(V)2 Tactical Jamming Subsystem Receiver (TJSR). The prototyping and qualification will be awarded to Narda-MITEQ.

    Prior to the award, NAVAIR participated in an event in which organizations interested in submitting could engage with NAVAIR and ask questions about the opportunity, as well as clarify government needs. The Strategic & Spectrum Missions Advanced Resilient Trusted Systems (S²MARTS) Other Transaction Authority (OTA), the agreement vehicle for the opportunity, hosted the event as well as an industry networking event to encourage teaming. OTAs are a modern, efficient prototyping vehicle suitable for opportunities like Power Dividers that need to move quickly.

    The S2MARTS OTA is managed by National Security Technology Accelerator (NSTXL). NSTXL is a consortium manager focused on revolutionizing government innovation. With accelerated prototyping processes through OTAs, DoD can make leading technologies like power dividers available to the Warfighter faster than ever.

    About S2MARTS
    The Strategic & Spectrum Missions Advanced Resilient Trusted Systems (S²MARTS), managed by NSTXL, is the premier rapid OT agreement vehicle for the Department of Defense (DoD) in trusted microelectronics, strategic & spectrum mission, and other critical mission areas. The Naval Surface Warfare Center (NSWC), Crane Division created S²MARTS to grow and engage an elite network of innovators, shorten the path to defense prototype development, and advance national security efforts.

    For media inquiries contact:
    NSTXL Press
    press@nstxl.org

    The MIL Network –

  • MIL-OSI: Narda-MITEQ Awarded Prototype to Optimize Power Dividers in Growler Aircrafts for DoN

    Source: GlobeNewswire (MIL-OSI)

    LOS ANGELES, June 18, 2025 (GLOBE NEWSWIRE) — Naval Air Systems Command (NAVAIR) Program Manager Air (PMA)–265 and Naval Surface Warfare Center, Crane Division (NSWC Crane), in partnership with NSTXL through the S²MARTS OTA, have announced a prototype award to optimize Power Dividers for the EA–18G aircraft. NAVAIR is qualifying a new design and source of supply for the Power Dividers, which are utilized in the ALQ-218(V)2 Tactical Jamming Subsystem Receiver (TJSR). The prototyping and qualification will be awarded to Narda-MITEQ.

    Prior to the award, NAVAIR participated in an event in which organizations interested in submitting could engage with NAVAIR and ask questions about the opportunity, as well as clarify government needs. The Strategic & Spectrum Missions Advanced Resilient Trusted Systems (S²MARTS) Other Transaction Authority (OTA), the agreement vehicle for the opportunity, hosted the event as well as an industry networking event to encourage teaming. OTAs are a modern, efficient prototyping vehicle suitable for opportunities like Power Dividers that need to move quickly.

    The S2MARTS OTA is managed by National Security Technology Accelerator (NSTXL). NSTXL is a consortium manager focused on revolutionizing government innovation. With accelerated prototyping processes through OTAs, DoD can make leading technologies like power dividers available to the Warfighter faster than ever.

    About S2MARTS
    The Strategic & Spectrum Missions Advanced Resilient Trusted Systems (S²MARTS), managed by NSTXL, is the premier rapid OT agreement vehicle for the Department of Defense (DoD) in trusted microelectronics, strategic & spectrum mission, and other critical mission areas. The Naval Surface Warfare Center (NSWC), Crane Division created S²MARTS to grow and engage an elite network of innovators, shorten the path to defense prototype development, and advance national security efforts.

    For media inquiries contact:
    NSTXL Press
    press@nstxl.org

    The MIL Network –