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Blog

  • MIL-OSI United Kingdom: Birmingham Targets Dangerous E-Bikes in Major Multi-Agency Crackdown

    Source: City of Birmingham

    Birmingham City Council and partners have carried out a major enforcement operation targeting illegally modified e-bikes in Birmingham city centre.

    This is part of ongoing efforts to keep the area safe for all who live, work, and visit.

    Last week, 16 e-bikes were seized during a pre-planned multi-agency operation. Riders were issued with fines after officers discovered the bikes had been illegally upgraded to reach speeds of up to 40mph — far beyond the legal limits for electrically assisted pedal cycles (EAPCs). All seized bikes will now be crushed.

    The operation is part of a wider response to increasing reports from residents, visitors, businesses, and professionals who live, work, and travel through the city centre. Complaints have included dangerous and inconsiderate riding, near misses with pedestrians, and collisions that have caused alarm and distress — particularly for vulnerable road users.

    The action was carried out in partnership with the Birmingham Community Safety Partnership and West Midlands Police – including officers from Operation Fearless, the Road Harm Prevention Team, and Safer Travel – alongside British Transport Police, Immigration Enforcement, Paradise Security, and the Central and Colmore Business Improvement Districts.

    Plain clothes and uniformed officers worked together to stop and inspect riders, checking the legality of their bikes and verifying rider status where appropriate. Immigration checks led to three arrests for immigration offences.

    This is the latest in a series of planned operations focused on improving public safety and tackling the growing concerns from businesses, residents, and vulnerable groups around the dangerous and antisocial use of high-powered e-bikes.

    Councillor Jamie Tennant, Cabinet Member for Social Justice, Community Safety and Equalities, said:

    “Operation Frislen is the outcome of continuing work between Birmingham City Council and West Midlands Police about safety concerns around the use of e-bikes and other propelled transport in highly pedestrianised areas. 

    “We hope our recent collective intervention will not only take dangerous, untaxed and uninsured e-bikes off the street, but also provide valuable insight into the scale of the problem. This will enable all partners to identify further activities and actions that will reduce risks to the public.”

    Inspector Scott Taylor from West Midlands Police added: “Dangerous e-bike use has become a major problem in the city centre – partners, businesses and pedestrians are telling us they feel it’s only a matter of time before someone is killed or seriously injured.

    “We’ve been working alongside city centre businesses, including takeaways, delivery companies, the Central Business Improvement District and the city council in recent weeks.

    “We’ve been out educating riders on the law and the impact dangerous riding is having on the city centre, and tonight’s operation has seen us step it up a gear and take firm action against those flouting the rules.

    “We’d urge anyone who rides an e-bike for work or pleasure in the city centre to make sure they their bike is legal.

    “We’ll be taking more action over the coming weeks, so anyone who ignores the law may well find their bike is seized and they are issued with a fine or are given a court date.”

    This operation is part of Birmingham’s wider commitment to making the city centre cleaner, safer, and more accessible to all. Further days of action are planned in the weeks ahead.

    E-bikes and the law
    To legally ride an e-bike (known as an EAPC – Electrically Assisted Pedal Cycle), it must:

    • Have pedals that can be used to propel it,
    • Use an electric motor with a maximum power output of 250 watts,
    • Not assist when travelling more than 15.5mph.

    If an e-bike is modified beyond these limits, it is classed as a motor vehicle. That means it must be registered, taxed, insured, and the rider must have a valid licence. It also cannot be used on cycle paths or public roads unless compliant.

    Learn more: Riding an electric bike: the rules – GOV.UK

    MIL OSI United Kingdom –

    July 1, 2025

  • MIL-OSI Russia: Switzerland: IMF Staff Concluding Statement—2025 Article IV Consultation Mission

    Source: IMF – News in Russian

    July 1, 2025

    A Concluding Statement describes the preliminary findings of IMF staff at the end of an official staff visit (or ‘mission’), in most cases to a member country. Missions are undertaken as part of regular (usually annual) consultations under Article IV of the IMF’s Articles of Agreement, in the context of a request to use IMF resources (borrow from the IMF), as part of discussions of staff monitored programs, or as part of other staff monitoring of economic developments.

    The authorities have consented to the publication of this statement. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF Executive Board for discussion and decision.

    Bern: Switzerland continues to benefit from strong fundamentals, highly credible institutions, and a skilled labor force, positioning it among the world’s most competitive, resilient, and innovative economies. Economic performance has been strong. Nonetheless, Switzerland faces important challenges, including from evolving global economic conditions, rising global trade tensions, and persistent safe-haven pressures and franc appreciation. The ongoing IMF Financial Sector Assessment Program (FSAP) has called for strengthening supervisory, resolution, and crisis management frameworks, including to address gaps exposed during the Credit Suisse crisis, where the authorities are taking action. Navigating these challenges will require broad policy consensus and effective macroeconomic management. Priorities include safeguarding price stability, addressing emerging fiscal pressures, advancing strong financial sector reforms, implementing structural measures to boost productivity and competitiveness, and ratifying the new package of agreements with the EU to enhance external resilience.

    Economic Outlook

    With global headwinds, growth is projected to remain somewhat below potential in 2025-26. Growth is expected to reach 1.3 percent in 2025 (sporting events adjusted), up from 1 percent in 2024, driven by private consumption supported by real wage growth and stronger construction activity with easier monetary conditions. While unemployment rates have remained near their natural level, recent labor market indicators suggest some softening, e.g., declines in the vacancy-to-employment ratio. This is in line with moderate slack (0.3 percent of potential GDP) in 2025. Growth is projected at 1.2 percent in 2026, converging to potential (1.5 percent) by 2030, driven by a gradual increase in domestic and external demand; trade tariffs in the baseline reflect those prevailing in June 2025. Switzerland’s external position is assessed to be broadly in line with medium-term fundamentals and desirable policies.

    With a temporary decline below zero, headline inflation in 2025 will remain subdued; core inflation is expected to stay above zero and within the price stability range. While core inflation through May was 0.5 percent (y/y), reflecting some deceleration in rent inflation, headline inflation declined to -0.1 percent (y/y) driven by franc appreciation, lower electricity tariffs, and softer international oil prices, and is projected to end 2025 at 0.1 percent (y/y). Accommodative monetary policy and higher oil prices are expected to drive headline inflation to 0.6 percent (y/y) by end-2026.

    Important risks loom, particularly from external factors. Worsening geopolitical tensions and fragmentation, volatile energy prices, and uncertainty over trade policy and tariff levels could adversely impact confidence, exports, and investment. Sectoral impacts would likely vary. Heightened uncertainty could spark further safe-haven inflows and appreciation pressures with additional challenges for export-oriented and import-competing sectors. If heightened uncertainty extends over the medium term, Switzerland’s growth model could be affected if supply chains are disrupted and R&D spending is scaled back, impacting innovation, productivity, and potential growth. On the upside, a positive resolution of tariff negotiations with the U.S., both for Switzerland and the EU, would lead to better growth prospects and alleviate appreciation pressures. Fiscal easing in Germany may also support activity more than expected. Domestic demand may be bolstered by planned pension payment increases.

    Monetary Policy: Mitigating Deflationary Pressures

    The recent 25 bps policy rate cut was appropriate considering recent declines in inflation, signs of weakening in the labor market, and external uncertainty. This brought the cumulative policy easing over the past 1½ years to 175 bps and placed the policy rate at zero. Notably, core inflation has remained within the Swiss National Bank’s (SNB) 0–2 percent price stability range, and medium-term inflation expectations have stayed anchored around the mid-point of the range. While additional easing may be needed if deflationary pressures materialize, future policy action needs to consider that trade-offs of further easing become more pronounced when policy rates decline below zero. Negative rates may amplify financial sector risks through lower bank profitability and possibly higher real estate exposures. Given the limited space for further policy rate cuts (the SNB’s main policy tool), these should be aimed at sharp and (or) persistent deflationary pressures that risk de-anchoring medium-term inflation expectations. Temporarily negative headline inflation should not warrant further easing. While intervention in the foreign exchange market (FXIs) may be needed to smooth the impact of safe-haven financial inflow surges, FXIs should continue to be considered cautiously, also given the SNB’s already large balance sheet. To mitigate balance sheet risks, the upcoming review of dividend policy should ensure that robust capital buffers are maintained and refrain from raising distributions.

    The SNB should continue to assess whether its monetary policy and communication frameworks warrant adjustments. Given the specific challenges facing Swiss monetary policy in a context of elevated uncertainty and low equilibrium interest rates, a review, possibly with external support as in the case of other major central banks, could be useful. The SNB should consider whether providing additional information in the context of monetary policy assessments or between quarterly meetings could support policy guidance. In light of the heightened uncertainty, attention should be given to clarifying the reaction function (including via scenario analysis) and strengthening the formulation of risks to the outlook.

     

    Fiscal Policy: Addressing Long-Term Fiscal Challenges

    The moderately looser fiscal stance projected for 2025 is appropriate given some economic slack. The general government’s overall fiscal surplus is projected to decline to 0.3 percent of GDP in 2025 from 0.6 percent of GDP in 2024, largely reflecting a reduction in the surplus of social security funds. The federal government’s deficit is projected to remain broadly unchanged vs. 2024 (0.2 percent of GDP), as higher defense and social welfare spending is offset by budget consolidation measures. The proposed Relief Package 2027 aims to cut expenditures by CHF 2–3 billion on a permanent basis from 2027 onwards to comply with the debt brake rule amid spending pressures and uncertain tax reform impacts. Staff note the limited room for maneuver implied by the debt-brake rule and the authorities’ choice of spending cuts over tax hikes. If moderate downside risks materialize, automatic stabilizers should operate fully. In the event of severe shocks, targeted transfers may be warranted via extraordinary provisions of the debt brake rule to avoid a deep recession, including one induced by a deflationary spiral. As in the past, staff note that there is a bias toward fiscal surpluses through spending below budget allocations and cautious revenue forecasts; efforts should continue to mitigate this where possible.

    Planned increases in pension payments will require additional revenues to preserve the financial strength of social security funds. A new 13th monthly pension payment, planned to start in December 2026, will require additional outlays of CHF 4.2 billion annually (0.5 percent of GDP). To this end, the Federal Council has proposed financing options, including a VAT rate increase of 0.7 ppt. Continued efforts, including stabilizing Pillar I pension finances for 2030-40, are essential to ensure long-term pension system viability amidst changing demographics and rising costs. Timely repayment (or recapitalization) of the disability insurance (IV) debt to the old-age and survivor’s insurance (AHV) is critical to safeguarding the structural and financial soundness of both schemes.

    Demographic trends, climate change, and defense spending pressures create medium-to-long term fiscal challenges. The 2024 Fiscal Sustainability Report projected demographic-related expenditures rising by 3 percent of GDP by 2060; absent compensatory policy decisions, climate mitigation measures to reach the net zero target could raise public debt by 3–4 ppt of GDP by 2040 and 8–11 ppt by 2060, depending on policy choices (e.g., carbon taxation vs. subsidies) and compared to a business-as-usual scenario. Defense spending is expected to increase significantly by 2032. Given the provisions of the debt brake rule, a comprehensive medium-and-long term plan is needed to identify and ensure that revenue increases and spending reprioritization are sufficient to meet these and other needs. A careful assessment is needed to determine whether pressures will emerge at the federal or cantonal level and whether the division of responsibilities across levels of government may need to be adjusted accordingly.

    Financial Sector: Enhancing Systemic Resilience

    While Switzerland’s financial system demonstrated resilience, systemic risks have remained high due to sizable real estate exposures. Mortgages account for a large share of bank lending and of assets of life insurers and pension funds. Risks are heightened by house price overvaluation, loosening mortgage lending standards, and initiatives to ease affordability criteria for new borrowers. Lower interest rates may further pressure banks, potentially leading to increased risk-taking.

    The ongoing FSAP has found the financial sector to be broadly resilient to severe shocks. Systemically-important (SIBs) and most other banks would remain above regulatory capital requirements under stress. Overall, liquidity risks for banks are relatively limited. Insurers also withstand severe solvency and liquidity scenarios. Still, global uncertainty and financial stability risks warrant reinforcing resilience.

    The 2023 Credit Suisse (CS) crisis exposed gaps in supervisory, resolution and crisis management frameworks and increased Too-Big-To-Fail (TBTF) risks, which the authorities have begun to address. Drawing on lessons from the CS crisis, the Federal Council has recently proposed several reforms aimed at strengthening the financial sector and thereby reducing the risks for the state, taxpayers and the economy. These would improve the TBTF framework, enhance bank governance, strengthen prevention, early intervention, and crisis preparedness, and expand the powers of FINMA. Staff commends the authorities as these proposals are broadly in line with FSAP recommendations; timely implementation of these bold reforms would further strengthen the long-term stability of the Swiss financial center.

    Enhanced legal powers and resources for FINMA are critical to strengthening the effectiveness of supervision. FINMA’s legal powers should be expanded to include a full suite of early intervention powers, immediately enforceable, including the ability to preemptively restrict banks’ business activities, require capital conservation measures, address governance failures, and rectify deficiencies in risk management. FINMA should be able to conduct onsite inspections as necessary, require forward-looking Pillar 2 capital add-on, impose administrative fines, and have broader ability to prescribe binding supervisory standards. FINMA should reduce reliance on external auditors. Enhanced market monitoring and reporting and better mechanisms for market abuse prevention, detection, and enforcement would benefit securities supervision. Overall, more supervisory resources are needed, including for direct supervision in corporate governance, risk management, market conduct, AML/CFT, cyber risk, and recovery and resolution. FINMA needs to be proactive and direct in its engagement with supervised firms across sectors (banks, insurance, securities).

    Systemic real estate risks call for expanding the macroprudential toolkit. The FSAP recommends introducing a debt-service-to-income (DSTI) cap in addition to the existing loan-to-value (LTV) cap and a sectoral capital-based instrument, separate from the sectoral countercyclical buffer (CCyB), which already stands at the 2.5 percent maximum. It would be also helpful to establish a formal Systemic Risk Council, comprised of SNB, FINMA, and Federal Department of Finance (FDF) representatives to regularly assess and communicate on systemic risk and decide on necessary policy measures.

    Switzerland’s financial safety net should be cast wider to better secure financial stability. Resolution planning should also cover Category 3 banks, which include some large and complex market participants, as well as designated insurance groups, and financial market infrastructures. FINMA, SNB, and FDF need to develop, and practice coordinated crisis response plans. The cap on deposit insurance contributions should be removed, and deposit insurance gradually aligned with international best practices. SNB efforts to establish and communicate a comprehensive emergency liquidity assistance framework—expanding support to all banks and making drawing conditions more flexible—are an important reinforcement of the safety net. The introduction of a Public Liquidity Backstop for SIBs, with the possibility of extending it to non-SIBs that might be systemic in failure, would provide an instrument allowing additional room for maneuver in a crisis.

    To protect the resilience and integrity of the Swiss financial center, enhanced vigilance on cyber, AML/CFT, crypto, and fintech risks is paramount. The cyber resilience framework should be broadened to all financial sector entities and external service providers. Progress in rolling out the Registry of Beneficial Ownership should continue, and the legal framework expanded to gatekeepers, including lawyers, accountants, trust, and company service providers. Crypto exposures, which are increasing, should be assessed comprehensively and the related Basel standards implemented in a timely manner. The concentrated and increasingly complex FMI structure warrants closer oversight and enhanced collaboration with foreign authorities, particularly in shared risk management platforms, recovery, and resolution.

    Structural Policies: Supporting Productivity Growth and Resilience to Global Shocks

    Switzerland enjoys high labor productivity—on par with the U.S. and above European peers. This has been supported by strong R&D, a high-quality education system, and deep global integration that fosters competition and innovation. Multinational corporations in high-value-added manufacturing have driven much of this performance. Labor productivity in small firms and services has lagged, constrained by low R&D intensity, limited access to funding, small markets, and expensive skilled labor. To sustain its competitive edge, Switzerland would benefit from policies that reduce administrative burdens, improve access to equity and R&D financing, strengthen ties to larger markets, and address labor shortages through upskilling and an open labor market. The ongoing revision of the Vocational Training Act is a welcome step, reinforcing Switzerland’s strength in workforce development and skills adaptation in a changing economy.

    The conclusion of negotiations with the EU resulted in a broad package of sectoral agreements aimed at stabilizing and developing bilateral relations. These agreements—covering areas such as electricity, food safety, and participation in EU programs—will require ratification by both sides, for which the necessary procedures have been launched. Continued engagement with the EU and other partners remains important to reduce uncertainty, safeguard access to critical markets, and strengthen resilience in the face of rising geo-economic fragmentation.

     

    *   *   *   *   *

     

    The IMF team thanks the Swiss authorities and other stakeholders for their hospitality, engaging discussions, and productive collaboration. We are especially grateful to the SNB and the State Secretariat for International Finance for assistance with arrangements.

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Meera Louis

    Phone: +1 202 623-7100Email: MEDIA@IMF.org

    @IMFSpokesperson

    https://www.imf.org/en/News/Articles/2025/06/30/07012025-mcs-switzerland-imf-concluding-statement-2025-art-iv-consultation-mission

    MIL OSI

    MIL OSI Russia News –

    July 1, 2025

  • MIL-OSI: Gate Surpasses 30 Million Global Users, Accelerating Its Rise as the Next-Generation Crypto Exchange

    Source: GlobeNewswire (MIL-OSI)

    PANAMA CITY, July 01, 2025 (GLOBE NEWSWIRE) — Gate, a globally leading cryptocurrency trading platform, has officially surpassed 30 million registered users, marking a new milestone in its global expansion. This remarkable achievement underscores the platform’s growing influence across international markets and highlights the progress Gate has made in strategic transformation, brand upgrade, and ecosystem development.

    Ushering in the “30 Million+” Era: Unlocking Network Effects Across the Ecosystem
    Behind this threshold of the 30 million user base is the steady implementation of Gate’s international strategy and the continuous enhancement of its product suite, technical foundation, security framework, and brand recognition. In an industry where the competitive landscape is rapidly evolving, a consistently expanding user base stands as a critical measure of platform vitality and market trust.

    This expanding global community significantly strengthens Gate’s liquidity and trading depth, while laying a solid foundation for the sustainable growth of its broader ecosystem, fueling a strong and self-reinforcing network effect across products and services.

    Impressive Operational Momentum: Spot and Futures Drive Dual Growth
    According to Gate’s May 2025 Transparency Report, the platform continues to post robust growth in both trading activity and ecosystem expansion. Spot and futures trading volumes have seen simultaneous surges, with Gate’s derivatives products now ranking among the industry’s top-tier experiences. Daily trading volumes are hovering at historical highs.

    Currently, Gate ranks second globally in 24-hour spot trading volume, with its token liquidity and trading breadth consistently in the top three worldwide. Derivatives have become one of the platform’s strongest growth engines, with users actively engaging in leveraged and strategy-based trading. Meanwhile, flagship product lines including Launchpad, Gate Alpha, Launchpool, HODLer Airdrop and CandyDrop have delivered outstanding performance, significantly enhancing user engagement and capital activity across the platform.

    A Renewed Brand Vision: Entering a New Strategic Chapter
    In May, Gate celebrated its 12th anniversary by unveiling a brand-new vision as the “next-generation crypto exchange.” The platform officially adopted the new global domain Gate.com and introduced an updated logo, marking its transformation from a market leader to an industry trailblazer and enhancing its global brand visibility.

    On the compliance front, Gate continues to strengthen its global regulatory framework. Its entity Gate Technology FZE has officially obtained a VASP license under the supervision of the Dubai Virtual Assets Regulatory Authority (VARA), reinforcing the platform’s regulatory foundation in the Middle East and broader international markets.

    Building User Trust: A Relentless Commitment to Security and Transparency
    Gate remains an industry leader in asset security and reserve transparency. As of June 2025, Gate holds a total reserve value of $10.453 billion, with a reserve ratio of 123.09%. The platform’s reserves fully cover user assets across 350+ cryptocurrencies, with $1.96 billion in excess reserves, far exceeding industry benchmarks. Gate’s rigorous proof-of-reserves practices and cutting-edge security technologies continue to solidify user trust and lay a robust foundation for long-term, sustainable growth.

    Looking Ahead: Driving Innovation and Shaping the Future of Crypto
    As Gate moves into its next chapter, it will continue enhancing the on-chain trading experience, expanding forward-looking Web3 infrastructure services, and exploring innovative intersections between AI and crypto technologies. At the same time, Gate will deepen collaboration with global users, developers, and institutional partners, co-creating an open, transparent, and resilient next-generation digital asset ecosystem.

    Gate remains committed to opening the gateway to a smarter, safer, and more inclusive crypto future for users around the world.

    About Gate
    Gate, founded in 2013 by Dr. Han, is one of the world’s earliest cryptocurrency exchanges. The platform serves over 30 million users with 3,600+ digital assets and pioneered the industry’s first 100% proof-of-reserves. Beyond core trading services, Gate’s ecosystem includes Gate Wallet, Gate Ventures, and other innovative solutions, while its global partnerships extend to top-tier sports brands like Oracle Red Bull Racing in F1 and Inter.

    For more information, please visit: Website | X | Telegram | LinkedIn | Instagram | YouTube

    Media Contact:
    Loyo at loyo@gate.com

    Disclaimer:
    This content does not constitute an offer, solicitation, or recommendation. You should always seek independent professional advice before making investment decisions. Gate may restrict or prohibit certain services in specific jurisdictions. For more information, please read the User Agreement via https://www.gate.com/user-agreement.

    This content is provided by Gate. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice.Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed.Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility. Globenewswire does not endorse any content on this page.

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/488d5737-82c2-45b2-aa15-6f5587c57f08

    The MIL Network –

    July 1, 2025

  • MIL-OSI Economics: Resilient by design: why strong rules still matter

    Source: Bank for International Settlements

    The title of the forum today – “financial regulation in a changing environment” – could not be timelier. We are living through a period of profound change. From the accelerating pace of technological innovation, to shifts in the structure and shape of the financial system, to increasing geopolitical fragmentation, the environment in which banks operate is evolving rapidly and often unpredictable.

    So it is natural to ask if existing regulations are “fit-for-purpose” or whether they need to evolve. The phrase “fit-for-purpose” is an appealing one. It connotates adaptability, agility and appropriateness. What’s not to like? But as with most appealing phrases, it’s worth asking: fit for whose purpose? And fit for what kind of future?

    History suggests that “fit-for-purpose” has often been a euphemism to trim, loosen and “modernise” regulation. For rolling back hard-won safeguards under the banner of efficiency or innovation. For favouring short-term gains at the expense of medium-term prosperity. I do not think that we should pursue such a path. The financial system does not become resilient by cutting corners. It becomes resilient by preparing for storms.

    To be clear, “fit-for-purpose” should not mean “fit-for-the-past”. A regulatory framework that does not evolve becomes an artefact and not a safeguard. We cannot sail tomorrow’s storms using yesterday’s charts. The 50-year history of the Basel Committee has been one of adapting to a changing financial landscape, learning lessons from banking crises and building trust by engaging with a wide range of stakeholders across jurisdictions and sectors.

    Hence, the Basel Committee has a forward-looking approach to identify and analyse risks and vulnerabilities to the banking system to safeguard resilience. In particular, the Committee is investigating banks’ interconnections with non-bank financial firms and is taking note of the rapid growth of private credit in some jurisdictions. In addition, the Committee is also analysing the implications of the ongoing digitalisation of finance –something which is becoming increasingly important in many economies.

    And, as policymakers, we should remain humble and open to empirical evidence. When designing the Basel III standards, the Committee made no fewer than 35 key adjustments to the reforms relative to the original proposals, including in areas related to specialised lending and small- and medium-sized enterprises. We also conducted a thorough evaluation of the Basel III standards that have already been implemented.

    So what does the Basel III experience suggest for “fit-for-purpose” regulation, including when it comes to the important topic of development finance? I’ll draw three takeaways.

    First, the true purpose of prudential regulation is to serve the real economy. It’s about having a healthy and resilient banking system that can absorb shocks and lend to households and businesses in both good and bad times. Strong rules are not a constraint. They are an investment in confidence, trust and long-term growth.

    There is now unquestionably strong empirical evidence that shows that it is strong banks – those that are well capitalised and have robust liquidity levels – that can support the economy and contribute to its medium-term prosperity.

    There have been over a dozen episodes of market dislocations over the past decade. Unlike the Great Financial Crisis, the banking system was not at the heart of these gyrations and did not amplify them. This was not a coincidence, but a direct reflection of the stability brought by Basel III. What this means is that financial stability is a foundation, and not a constraint, for development finance. Sustainable development finance depends on a resilient banking system. If we undermine that resilience in the name of development, we risk repeating past mistakes that hurt the very countries that we are trying to support.

    The Basel Framework already provides a risk-sensitive approach to development finance. No fewer than 16 multilateral development banks (MDBs) benefit from a 0% capital risk weight. Any MDB is free to apply to the Committee for it to consider whether it meets the criteria to benefit from such a treatment. In a similar vein, the Basel III standards set out a more granular and risk sensitive approach relative to Basel II when it comes to project finance. So it is in banks’ and MDB’s own interest for all member jurisdictions to implement Basel III in full and consistently.

    The Basel Framework also recognises the risk-reducing effects of mitigants such as insurance or guarantees, subject to meeting certain criteria. These criteria are risk-sensitive by design, as the objective of the framework is to reflect the actual riskiness of a bank exposures. For example, if there is a possibility that a guarantee will not cover or absorb losses unconditionally for a bank, then it is not prudent, nor risk sensitive, for a bank to assume that the risk has actually been transferred.

    Second, financial stability demands global solutions, not national shortcuts. In banking regulation, geographic borders may exist, but risks don’t respect them. This is why the work of the Committee is a team sport, one of cross-border collaboration and cooperation. Having a global level-playing field goes a long way to ensuring that bank regulation is fit for purpose. We either strengthen together or weaken apart.       

    The Committee is always ready to engage constructively with external stakeholders. But any dialogue must be evidence-based, globally consistent and avoid creating fragmentation or regulatory arbitrage. Our responsibility is to safeguard financial stability for all jurisdictions – developed and developing alike.

    Third, regulation, no matter how fit for purpose, can only take you so far. The first and most important source of resilience comes from banks’ own risk management practices and governance arrangements. And regulation must be complemented with strong and effective forward-looking supervision.

     So in the context of development finance, let’s not make Basel III the scapegoat for deeper challenges. Often, what limits banks’ co-investment with multilateral development banks isn’t capital rules. Other factors – such as the pipeline of viable projects, banks’ own risk appetite and national infrastructures – are likely to be more important in driving banks’ lending decisions.

    Let us therefore make sure that we cast a wide net and pursue a holistic approach to promoting sustainable development finance.

    MIL OSI Economics –

    July 1, 2025

  • MIL-OSI Africa: South Africa hosts 3rd G20 women’s empowerment working group meeting

    Source: South Africa News Agency

    The Department of Women, Youth and Persons with Disabilities (DWYPD) is hosting the 3rd Technical Meeting of the G20 Empowerment of Women Working Group (EWWG) at Kruger National Park, Mpumalanga Province.

    As part of its leadership role within the G20 EWWG, South Africa is spearheading efforts to promote women’s participation and representation in leadership, governance, and decision-making, while also advocating for increased ownership and control by women across economic and social sectors.

    The meeting, which takes place from 01 to 04 July 2025, brings together G20 member states, guest countries, civil society organisations, and technical experts to advance global dialogue and cooperation on gender equality and women’s empowerment.

    The meeting will focus on “The Care Economy – Paid and Unpaid Care Work and Household Responsibilities.”

    “The topic aims to address long-standing disparities in the recognition and distribution of care work, which is essential to both household functioning and national economies yet remains undervalued and disproportionately carried by women and girls,” department spokesperson, Cassius Selala said.

    Over the four days, delegates will participate in strategic and evidence-based sessions, including presentations and discussions on the following: 
    •    Global care landscape, with a focus on recognising marginalised care relationships and exploring the potential of care work to create decent and inclusive employment.
    •    Cross country experience of implementation of Gender Responsive Budgeting and National Care Policies: Opportunities and Challenges.
    •    Addressing Gender-Based Violence and Femicide.
    •    Proposed action plan on financial inclusion of and for women.
    •    The G20 gender mainstreaming efforts on women’s economic empowerment globally.
    •    Gender equality as a cross-cutting issues across G20 Working Groups and Task Forces.

    High-level speakers will include DWYPD Minister Sindisiwe Chikunga; representatives of the G20 Member States, including guest countries, and international organisations; academic and policy experts from University of Cape Town, United National Women, International Labour Organisation (ILO), World Health Organisation (WHO); delegates from civil society and G20 engagement groups, including Women 20 (W20) and Women Empower 20, amongst others.

    Selala said the outcomes of the meeting will contribute to the G20’s policy agenda on women’s economic empowerment, with a specific focus on recognising, reducing, and redistributing unpaid care work.

    “This engagement also aligns with Sustainable Development Goal 5 and the G20’s ongoing commitment to the Brisbane Goal 25×25 [reduce the gender gap in labour force participation by 25 per cent by the year 2025],” Selala said. – SAnews.gov.za
     

    MIL OSI Africa –

    July 1, 2025

  • MIL-OSI Africa: SAPS launches long awaited e-Recruitment drive

    Source: South Africa News Agency

    The South African Police Service (SAPS) on Monday launched its much anticipated e-Recruitment drive on its official website for 5 500 aspiring police officers to join its ranks.

    For the first time in the history of the existence of the organisation, SAPS is utilising an Electronic Recruitment System, through which youth from all walks of life can submit their applications to be considered for entry level Police Trainee posts.

    The shift to a digital platform is expected to reduce paperwork, curb corruption and nepotism, and prevent lost applications. It will also enhance fairness, efficiency, cost-effectiveness, and improve the integrity and speed of the recruitment process.

    The nationwide recruitment drive began on Monday, 30 June 2025, with online applications closing on 18 July 2025. It targets young men and women aged 18 to 35 to join as police trainees for the 2025/26 financial year.

    Qualifying young men and women without criminal records and/or pending criminal cases are encouraged to apply by visiting www.saps.gov.za/careers then select the e-Recruitment portal from the drop down menu.

    SAPS will implement a targeted recruitment process to identify and consider applicants with specific skills and/or qualifications, such as graduates in Law, Policing, Criminology, Law Enforcement, Forensic Investigation and Information Technology, for placement in specialised environments such as the Directorate for Priority Crime Investigation (DPCI), Detective and Forensic Services, as well as Crime Intelligence (CI).

    “To ensure that SAPS enlists disciplined, energetic, intelligent, physically and mentally fit individuals, dedicated to serving their country through policing, applicants will be subjected to a rigorous selection process, which entails: psychometric, integrity, physical fitness assessments and fingerprint/vetting screening, as well as medical evaluations,” the South African Police Service said in a statement. 

    Successful recruits will undergo a nine-month-long training at SAPS training academies nationwide and receive a monthly stipend of R4 500.

    “In the last three years, the SAPS Project 10 000, an initiative led by President Cyril Ramaphosa to bolster crime prevention efforts, has led to the recruitment and training of 30 393 young people, between the ages of 18 and 35, as fully-fledged police officers.

    “There are currently 5 500 young people in SAPS academies, who are training to become fully-fledged police officers. Some will graduate in August 2025, while the rest will graduate in December 2025,” the police said.

    The application process is free of charge, and no position within the SAPS is for sale. Applications must be submitted exclusively through the official SAPS website portal. – SAnews.gov.za

    MIL OSI Africa –

    July 1, 2025

  • MIL-OSI China: Musk threatens to unseat Congressmen who vote for Trump’s ‘big, beautiful bill’

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

    U.S. billionaire Elon Musk renewed his criticism of President Donald Trump’s “big, beautiful bill” on Monday, threatening that the lawmakers who support it risk losing their primaries next year.

    “Every member of Congress who campaigned on reducing government spending and then immediately voted for the biggest debt increase in history should hang their head in shame!” he wrote on his social platform X.

    “And they will lose their primary next year if it is the last thing I do on this Earth,” he noted.

    In a separate post, Musk said he will support Republican Congressman Thomas Massie of Kentucky, whom Trump criticized for voting against the bill in the House.

    Trump vowed to campaign against Massie “really hard” in the GOP primary, promising “a wonderful American Patriot” would run against him.

    Musk has been attacking the bill on and off since stepping down from the Department of Government Efficiency in May.

    He warned that the legislation will hike the debt ceiling by 5 trillion U.S. dollars, “destroy millions of jobs in America and cause immense strategic harm to our country.”

    The bill could also directly affect Musk’s electric carmaker, Tesla, by eliminating electric vehicle tax credits — up to 4,000 dollars for a used EV and 7,500 dollars for a new one.

    JPMorgan Chase estimates the move could cost Tesla 1.2 billion dollars.

    Musk broke his brief silence over the controversial spending bill on Saturday, calling it “utterly insane and destructive” as the package is working its way through the Senate.

    In response, Trump on Tuesday wrote on his social platform Truth Social that Musk knew he was “strongly against the EV Mandate” long before endorsing him for president.

    “It is ridiculous, and was always a major part of my campaign,” he said. “Electric cars are fine, but not everyone should be forced to own one.”

    “Elon may get more subsidy than any human being in history, by far, and without subsidies, Elon would probably have to close up shop and head back home to South Africa. No more Rocket launches, Satellites, or Electric Car Production, and our Country would save a FORTUNE. Perhaps we should have DOGE take a good, hard, look at this? BIG MONEY TO BE SAVED!!!” he added.

    MIL OSI China News –

    July 1, 2025

  • MIL-OSI China: Leonardo sinks Man City to send Al Hilal into last eight at Club World Cup

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

    Starting players of Al Hilal pose for photos before the round of 16 match between Manchester City of England and Al Hilal of Saudi Arabia at the FIFA Club World Cup 2025 at the Camping World Stadium, Orlando, Florida, the United States, June 30, 2025. [Photo/Xinhua]

    Marcos Leonardo struck a dramatic extra-time winner as Al Hilal reached the FIFA Club World Cup quarterfinals with a 4-3 win over Manchester City on Monday.

    City led early through Bernardo Silva before the Saudi Arabian side responded with goals from Leonardo and Malcom at Camping World Stadium.

    Erling Haaland brought City level in a frenetic second half, and the sides traded further goals in extra time through Kalidou Koulibaly and substitute Phil Foden.

    The result means Al Hilal will meet Brazil’s Fluminense at the same venue on Friday for a place in the last four, while Manchester City bows out after having progressed from the group stage with a perfect record.

    Silva put the Premier League club ahead in the ninth minute when he tapped in from close range, having pounced on a loose ball after Renan Lodi’s clearance ricocheted off Ilkay Gundogan.

    Yassine Bounou then made a series of saves to deny City a second goal.

    The Morocco international kept out dangerous attempts from Savinho and Ilkay Gundogan before blocking a powerful effort from Silva.

    The four-time Asian Champions League winners lacked fluency with the ball early, and on the rare occasion they ventured into the box, City’s defence was able to quickly defuse the danger.

    Al Hilal’s best chance of the opening half came when Brazilian forward Marcos Leonardo headed over after Mohamed Kanno’s cross from the right.

    Al Hilal emerged from the break with newfound purpose. Leonardo put his side on level terms less than two minutes after the restart when he nodded in after City failed to deal with Joao Cancelo’s cross and the ball fell kindly for the former Benfica player.

    Malcom was causing problems for Manchester City’s defense and the former Barcelona winger released Cancelo with a marauding run down the right wing – only for the ex-City full-back to blast over from a tight angle.

    Malcom then broke free following a City corner, running almost half the length of the pitch before calmly slotting a low shot into the far corner to give his side the lead.

    The hectic pace continued, with City drawing level three minutes later through Haaland. The Norway international bundled home from inside the six-yard box after Al Hilal allowed the ball to spill loose from a corner.

    Al Hilal was dealt a major blow shortly after as Malcom was forced off with an injury, robbing the team of its most effective attacking outlet on the night.

    Undaunted, the Riyadh-based club continued to push forward in search of a third goal. Kanno had the chance to restore his team’s advantage in the 79th minute but failed to make clean contact with a header with only the goalkeeper to beat.

    Haaland was denied a late winner when his goal-bound effort was cleared off the line by Ali Lajami as the game was forced into extra time.

    Al Hilal made the breakthrough soon after as Koulibaly rose highest following Ruben Neves’ corner to send a superb header past Ederson.

    City equalized again 10 minutes later as Foden, a 104th-minute substitute for Rodri, latched onto Rayan Cherki’s diagonal pass with a lunging volley at the far post.

    But Al Hilal refused to yield and Leonardo prodded home the winning goal from point-blank range after Ederson had acrobatically palmed away Sergej Milinkovic-Savic’s header. 

    MIL OSI China News –

    July 1, 2025

  • MIL-OSI China: FIFA Club World Cup 2025: FC Inter Milan vs Fluminense FC

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

    Hercules (C) of Fluminense FC celebrates scoring during the round of 16 match between Italy’s FC Inter Milan and Brazil’s Fluminense FC at the FIFA Club World Cup 2025 at the Bank of America Stadium, Charlotte, North Carolina, the United States, June 30, 2025. (Xinhua/Li Ming)

    1   2   3   4   5   6   7   8   >  

    MIL OSI China News –

    July 1, 2025

  • MIL-OSI China: SCIO briefs media on green development in Qinghai province

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

    SCIO briefs media on green development in Qinghai province

    China SCIO | July 1, 2025

    A three-day media trip organized by the State Council Information Office (SCIO) kicked off Monday in northwestern China’s Qinghai province, bringing together nearly 30 journalists — including foreign correspondents from the United States, Germany, Spain, Japan, and the United Arab Emirates — to observe the progress of green development in the province.

    A press briefing was held Monday in Qinghai’s capital city Xining, where Zhang Jingang, a member of the Standing Committee of the Communist Party of China Qinghai Provincial Committee and executive vice governor of the People’s Government of Qinghai Province, briefed the media and answered questions.

    On June 30, 2025, the State Council Information Office (SCIO) holds a press briefing in Xining, Qinghai province, about promoting green development. [Photo by Xu Xiang/China SCIO]

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    MIL OSI China News –

    July 1, 2025

  • Active monsoon to persist across north, central, and east India; heavy rainfall forecast in multiple states

    Source: Government of India

    Source: Government of India (4)

    The India Meteorological Department (IMD) on Tuesday said that active monsoon conditions are likely to continue across many parts of northwest, central, and east India over the next six to seven days. The forecast indicates widespread rainfall activity, with extremely heavy rainfall – measuring 20 cm or more – very likely at isolated locations in Madhya Pradesh, west Uttar Pradesh, and east Rajasthan today and tomorrow.

    According to the IMD, very heavy rainfall is also expected in Himachal Pradesh today and tomorrow, and again from July 5 to 7. Uttarakhand is likely to receive heavy showers tomorrow, while Punjab and Haryana are forecast to receive significant rainfall on July 6 and 7. Uttar Pradesh may experience very heavy rainfall today and tomorrow, and East Rajasthan is likely to be affected from July 1 to 4. Madhya Pradesh will see another spell of heavy rain tomorrow and again from July 5 to 7.

    Further east, Jharkhand is expected to receive heavy rain today, while Odisha will see rainfall activity between July 1 and 3. Along the western coast, the Konkan and Goa regions, Madhya Maharashtra, and the Gujarat region are also in line for sustained heavy rainfall. In the Northeast, Arunachal Pradesh, Assam and Meghalaya, as well as Nagaland, Manipur, Mizoram, and Tripura are likely to witness widespread heavy showers from July 1 to 7.

    Weather forecast for Delhi-NCR

    In Delhi-NCR, the weather is expected to remain wet and cloudy over the coming days.

    Today, the sky is expected to be partly cloudy with very light to light rain accompanied by thunder and lightning. Maximum temperatures are forecast to remain between 32°C and 34°C, which is 3 to 5 degrees below normal. Surface winds will predominantly be from the east at speeds of less than 15 kmph in the afternoon, decreasing to 10–15 kmph during the evening and night.

    Tomorrow, the region will continue to experience similar weather, with maximum and minimum temperatures ranging from 33°C to 35°C and 25°C to 27°C respectively. These readings will remain 1 to 4 degrees below normal. Winds will come from the southwest at under 10 kmph during the morning and weaken further in the afternoon before slightly increasing during the evening.

    For July 3, partly cloudy skies with light rain and thunderstorms are forecast, with temperatures expected to hover between 32°C and 34°C for the maximum and 26°C to 28°C for the minimum. Winds will shift from the south in the morning to southeast in the afternoon, reaching up to 20 kmph before decreasing again in the evening.

    On July 4, similar conditions will prevail, with temperatures ranging from 31°C to 33°C and minimums between 26°C and 28°C. The maximum temperature is expected to be 4 to 6 degrees below normal. Winds will shift throughout the day—from north-northeast in the morning to southeast in the afternoon, and finally to the south during the evening, remaining light throughout.

    July 1, 2025

  • MIL-OSI United Kingdom: Amnesty launched as part of mission to halve knife crime

    Source: United Kingdom – Government Statements

    News story

    Amnesty launched as part of mission to halve knife crime

    Young people across the country are being urged to surrender bladed weapons including ninja swords to help prevent further loss of young lives to knife crime.

    With the support of Word 4 Weapons and FazAmnesty, young people will be able to anonymously hand in any weapons to surrender bins or a purpose-built and fully secure van, across London, Greater Manchester and West Midlands – the 3 highest areas for knife crime in England.

    Part of the government’s most ambitious surrender scheme yet and Plan for Change, the 37 new amnesty bins and the locations of the mobile surrender van will be strategically placed in these high-risk areas throughout July, in partnership with local councils, to provide young people with an accessible, alternative way to hand in weapons without needing to go to a police station.  

    Throughout the month the government’s Coalition to Tackle Knife Crime and other grassroots organisations will be using their platform as trusted voices in communities to encourage young people to hand in their weapons via these routes, while signposting them to local support services.

    From 1 August 2025, deadly ninja swords will be banned in full – illegal to possess in public or private – and so, in addition to the surrender arrangements across the 3 hotspot areas, people will also be able to hand in ninja swords to designated police stations across the country.  

    Policing Minister Dame Diana Johnson said: 

    The launch of today’s scheme is a result of months of collaborative working with the Coalition to Tackle Knife Crime and I’m optimistic about what we can achieve together over the next month and then the years to come as part of our Plan for Change. 

    I am incredibly grateful to Pooja Kanda, Sandra Campbell and Faron Paul whose work to tackle knife crime is making a real difference to young peoples’ lives. 

    This scheme is just one part of addressing knife crime. We will not stop listening to those who are directly working with those impacted by this crime.

    The scheme has been designed to provide people with a range of ways to hand in weapons outside of police stations. Word 4 Weapons and FazAmnesty, both members of the government’s Coalition to Tackle Knife Crime, have a proven track record in supporting young people to surrender dangerous weapons and directing them towards local support.  

    Faron Paul, Founder of FazAmnesty said:

    I’m proud to support the extended surrender scheme and the launch of the mobile amnesty van which gives people a safe and easy way to hand in weapons, knives and other dangerous items. By taking this service directly into communities, I hope we can reach more individuals, encourage positive decisions and help reduce the number of harmful items on our streets.

    This initiative is an important step towards preventing violence, building trust and supporting our ongoing efforts to create safer, stronger communities for everyone.

    The ninja sword surrender and compensation scheme will also be running in tandem throughout July in police stations across England and Wales. The ban on ninja swords is a result of the tireless campaigning of the Kanda family, who tragically lost their son Ronan in 2022 when he was killed with one of these deadly weapons. The ban on ninja swords is part of Ronan’s Law which was introduced to Parliament this year and includes measures to stop the illegal sale of knives online. Ronan’s Law will be included in the Crime and Policing Bill.  

    Members of the public wishing to surrender a ninja sword in exchange for compensation should take them to their local police station. Ninja swords can also be surrendered in any available surrender bin however this will not result in any compensation. Full details about how to claim compensation for ninja swords can be found on GOV.UK or via local police.  

    Pooja Kanda, knife crime campaigner and mother to Ronan said: 

    It has been 3 years since Ronan’s life was tragically taken as a result of the wounds inflicted by a ninja sword. Since then, we have relentlessly campaigned for ninja swords to be taken off the streets as they have no place in society.

    The government has now introduced a much needed ban on ninja swords, and we encourage those in possession to surrender them to make the community a safer place where children can walk home without fear.

    CEO of Word 4 Weapons, Sandra Campbell, said:

    Word 4 Weapons, in partnership with the Home Office, proudly supports the ninja sword ban and the removal of dangerous weapons and knives from public spaces to help build safe communities for all.

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    Published 1 July 2025

    MIL OSI United Kingdom –

    July 1, 2025

  • MIL-OSI United Kingdom: Framing the Past: Controversial portrait sparks dialogue on confronting uncomfortable legacies The portrait of a University philanthropist and enslaver will be used to prompt discussion and debate on how we respond to contested artefacts and their legacies.

    Source: University of Aberdeen

    Gilbert Ramsay portrait

    The portrait of a University philanthropist and enslaver will be used to prompt discussion and debate on how we respond to contested artefacts and their legacies.
    ‘Framing the past, imagining the future’ will be held at the University of Aberdeen on July 3 as part of the institution’s work to address its historical links to transatlantic slavery – with the wider community invited to join the conversation.
    Gilbert Ramsay (1658-1728) was a graduate of Marischal College who left a substantial bequest to his alma mater as well as to the Aberdeenshire village of Birse, where he grew up, to build a parish school and establish a poor fund.
    But his fortune was built on human suffering as Ramsay, who served at churches in Antigua and Barbados, amassed his fortune through slaveholding and the sale of enslaved people.
    The source of Ramsay’s wealth was revealed earlier this year in The University of Aberdeen and the Legacies of Slavery report, researched and written by Aberdeen historian Dr Richard Anderson.
    Ramsay’s portrait hangs above a fireplace in a classroom in the University’s College Bounds building, accompanied by a short interpretation panel which outlines his life and his links with slavery.
    It will be used as a conversation starter for the event organised by organised by Dr Catriona McAra for the School of Divinity, History, Philosophy and Art History and University Collections.
    Professor Beth Lord, Head of the School of Divinity, History, Philosophy and Art History, said: “Ramsay is a significant figure in the School’s history as he donated funds that supported our longest-established subjects, Divinity and Philosophy. Now that we know about Ramsay’s connection to transatlantic slavery, we are faced with the question of what to do with the portrait that hangs in our main building – and how, more broadly, we should respond to the material legacies of slavery in our academic subjects.
    “Through exploring the issues raised by this portrait, and in seeking to diversify the voices that are heard, the School and University Collections acknowledge their shared historical foundation whilst looking towards more equitable presents and futures that reflect our values.”
    The forum will include an in-conversation event with anti-racist activist Zandra Yeaman, Head of Strategy Development and Implementation at the Hunterian Museum, University of Glasgow, in conversation with Professor Emma Bond from the University of Oxford whose work focuses on the legacies of empire and colonialism in contemporary literary and visual cultures.
    Other speakers include artist Ade Adesina and Vanessa Mabonso Nzolo, PhD Candidate and former University of Aberdeen Student President, as well as academics from the School.
    Neil Curtis, Head of University Collections, added: “Transatlantic slavery has a left a substantial legacy that permeates the University and North-East Scotland in some unexpected ways. Some is tangible such as this portrait and the Powis Gateway which is now accompanied by a plaque and interpretation panel.
    “Events like this will help us to explore options and to decide how best to truthfully display this portrait in a way that helps those who see it to understand and act on our legacies.”

    MIL OSI United Kingdom –

    July 1, 2025

  • MIL-OSI Russia: How cryopreservation and diapause affect embryo metabolism

    Translation. Region: Russian Federal

    Source: Novosibirsk State University – Novosibirsk State University –

    What processes occur in the embryo at the molecular level after freezing? Can a slowdown in metabolism indicate risks for the future organism? A unique study in which a master’s student is participating helps to find answers to these questions Faculty of Physics Anastasia Omelchenko of Novosibirsk State University. A team of scientists from the Laboratory of Condensed Matter Spectroscopy of the Institute of Automation and Electrometry of the Siberian Branch of the Russian Academy of Sciences (where Anastasia works) and the Cryopreservation and Reproductive Technologies Sector of the Institute of Cytology and Genetics of the Siberian Branch of the Russian Academy of Sciences, for the first time in the world, used the method of Raman scattering of deuterated labels to study the metabolism of embryos.

    — Raman scattering is a contactless and non-destructive method of optical spectroscopy that allows us to understand the chemical composition, structure and phase state of a substance. We use it to look inside living cells and see what molecules are formed as a result of their metabolism, — explained Anastasia Omelchenko.

    Scientists are studying the metabolism of early-stage mouse embryos. To do this, they fed the embryos specially labeled (deuterated) molecules — such as amino acids, glucose, stearic acid — and used Raman spectroscopy to track how these substances were transformed inside the cells.

    — When we want to track how one compound is converted into another during metabolism, we must separate these compounds from other organic molecules present in the cells. This is a fairly complex task and is similar to finding one person in a crowd. To simplify it, you can give this person a “flag”, that is, mark him – this will allow you to identify him against the background of the rest of the crowd. In Raman spectroscopy, it is convenient to use deuterated labels, that is, molecules in which some hydrogen atoms are replaced by heavier deuterium. Due to the isotopic shift, such labels have a spectrum that is different from other molecules, which allows you to track the number and nature of deuterated molecules in the sample, — the researcher explained.

    It turned out that amino acids are steadily converted into proteins at all stages of development, and as the embryo grows, synthesis increases. Contrary to expectations, glucose is not so much broken down to obtain energy as it is stored as a glycogen polymer. Fatty acids, such as stearic acid, accumulate in lipid granules (the cell’s energy storage facilities).

    But what was particularly interesting was the effect of cryopreservation on metabolism – a technology used to freeze and store embryos at ultra-low temperatures. After freezing and thawing, the scientists analyzed how the metabolism of the embryos changed and found that at later stages of development, fatty acids were processed worse – it was as if the cell “decided” to accumulate them rather than use them.

    — The method allows us to see which processes are disrupted as a result of cryopreservation, — noted Anastasia Omelchenko. — This is especially important in conditions when more and more biomaterial — both in medicine and in agriculture — is frozen for storage or transportation. Our approach can help us understand how to preserve the viability of such cells.

    In addition to cryopreservation, the study looked at how another unique condition, diapause, affects embryo metabolism. This is a natural stop in embryo development in response to unfavorable conditions, which occurs in a number of mammals (about 130 species). The scientists worked with mouse embryos with induced diapause and found that their protein synthesis decreases by about 23% compared to normal ones.

    — This is consistent with other data: in embryos that enter the implantation stage, the activity of key metabolic processes increases. And our method allows us to measure this quantitatively, quickly and without harm to the object itself, — the researcher emphasizes.

    The research is only just entering the stage of systemic application, but it is already clear that optical non-invasive methods of metabolic analysis may well become an effective diagnostic tool in reproductive medicine and biotechnology.

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News –

    July 1, 2025

  • MIL-OSI Russia: China to hold cultural events to mark 80th anniversary of victory in Chinese People’s War of Resistance Against Japanese Aggression and World Anti-Fascist War

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

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

    BEIJING, July 1 (Xinhua) — The State Council Information Office of China will hold a press conference at 10 a.m. Thursday to introduce upcoming cultural events to mark the 80th anniversary of the victory of the Chinese People’s War of Resistance Against Japanese Aggression and the World Anti-Fascist War.

    The press conference will be attended by officials from the Ministry of Culture and Tourism of the People’s Republic of China and the General Administration of Radio and Television of the People’s Republic of China, as well as the deputy director of China Media Group and the director of the Museum of the Chinese People’s War of Resistance Against Japanese Aggression.

    They will inform the media about the thematic commemorative exhibition, outstanding cultural works and relevant events, and will also answer questions from journalists. -0-

    MIL OSI Russia News –

    July 1, 2025

  • MIL-OSI Russia: Two dead, 6 missing after heavy rains hit central China

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

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

    ZHENGZHOU, July 1 (Xinhua) — Two people were killed and six others were missing after heavy rains hit Xixia County in Nanyang City, central China’s Henan Province, the local emergency response headquarters said Tuesday.

    Heavy rainfall totalling 225.3mm in two towns in the county on Monday caused a sudden rise in water levels in the lower reaches of a local river, damaging infrastructure and trapping some residents.

    Rescue operations were launched immediately and two people were successfully rescued.

    Emergency rescue personnel at various levels were dispatched to search for people with whom contact had been lost. -0-

    MIL OSI Russia News –

    July 1, 2025

  • MIL-OSI Russia: Symphony Concert Held in Beijing to Celebrate 104th Anniversary of CPC Founding

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

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

    BEIJING, July 1 (Xinhua) — A symphony concert was held at the CPC History Museum in Beijing on Monday, ahead of the 104th founding anniversary of the Communist Party of China (CPC) on July 1.

    The event was attended by more than 800 people, including recipients of state awards and honorary titles, outstanding grassroots party cadres, experts from various fields and representatives of the general public.

    The concert featured 17 pieces of music on themes of honoring history, paying tribute to fallen heroes, preserving peace, striving for a better future, and celebrating ethnic solidarity and harmony.

    This year marks the 80th anniversary of the victory in the Chinese People’s War of Resistance Against Japanese Aggression and the victory in the World Anti-Fascist War. Several compositions were performed at the musical event to commemorate these events.

    The concert featured numerous orchestras and musical groups from China, such as the China National Symphony Orchestra, the China Opera and Dance Theater, the Central Opera House and the Central Ballet Company of China.

    The concert was jointly organized by the Publicity Department of the CPC Central Committee, the Ministry of Culture and Tourism of the People’s Republic of China and China Media Group (CMG). The concert will be broadcast on CMG channels during prime time on July 1. -0-

    MIL OSI Russia News –

    July 1, 2025

  • MIL-OSI Russia: South Korea’s Attorney General Resigns

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian –

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

    SEOUL, July 1 (Xinhua) — The Prosecutor General of the Republic of Korea (ROK) Sim Woo-jung has resigned nine months after taking office in September last year, multiple media reported on Tuesday.

    Sim Woo-jung submitted his resignation on Monday and a ceremony will be held on Wednesday.

    South Korean President Lee Jae-myung, who was sworn in as the country’s 21st president on June 4, has promised to limit the powers of prosecutors by giving the police investigative powers.

    By law, prosecutors are allowed to investigate certain serious crimes. –0–

    MIL OSI Russia News –

    July 1, 2025

  • MIL-OSI Russia: Thailand’s Constitutional Court suspends Prime Minister Phetongthan Shinawatra

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

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

    BANGKOK, July 1 (Xinhua) — Thailand’s Constitutional Court on Tuesday accepted a petition against Prime Minister Phetongthan Shinawatra for allegedly violating the constitution and ordered her suspension from office pending a ruling.

    The panel of judges voted to accept the petition and ordered the prime minister to cease performing his duties from Tuesday until a final decision is made, the court said in a statement.

    Last month, a group of senators filed a petition accusing P. Shinawatra of violating the constitution by seriously ignoring ethical standards during a phone call with Cambodian Senate President Hun Sen over the border issue.

    Last August, 38-year-old P. Shinawatra, leader of the Phew Thai Party and daughter of former Prime Minister Thaksin Shinawatra, won parliamentary elections to become the youngest prime minister in the country’s history and the second woman to hold the post. –0–

    MIL OSI Russia News –

    July 1, 2025

  • MIL-OSI Russia: Japan unwilling to sacrifice agriculture due to US pressure on rice imports

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian –

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

    TOKYO, July 1 (Xinhua) — Japan has no intention of sacrificing its agricultural sector in response to U.S. President Donald Trump’s recent demand to increase imports of American rice, Chief Cabinet Secretary Yoshimasa Hayashi said on Tuesday.

    “We do not intend to make compromises that could harm Japanese agriculture in future negotiations,” Yoshimasa Hayashi said at a press conference, according to the Nikkei newspaper.

    He made the remarks after Trump said on social media that Japan was facing a serious rice shortage but was refusing to accept American rice. The US president’s post is seen as an attempt to pressure Japan to import more rice amid ongoing Japan-US tariff talks.

    Japan currently faces 25 percent tariffs on automobiles and auto parts, as well as 50 percent tariffs on steel and aluminum, imposed by the United States. Despite previous rounds of ministerial-level talks, little progress has been made.

    Yoshimasa Hayashi stressed that Japan will continue “sincere and constructive talks” with the United States to reach an agreement that benefits both sides. –0–

    MIL OSI Russia News –

    July 1, 2025

  • MIL-OSI Russia: Xi Jinping calls for promoting the construction of a single pan-Chinese market and high-quality development of the marine economy

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

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

    BEIJING, July 1 (Xinhua) — Chinese President Xi Jinping on Tuesday stressed efforts to advance the building of a unified pan-China market and promote high-quality development of the marine economy.

    Xi Jinping, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, made the remarks while presiding over the sixth meeting of the Central Financial and Economic Affairs Commission, which he chairs. -0-

    MIL OSI Russia News –

    July 1, 2025

  • MIL-OSI United Nations: Fourth International Conference on Financing for Development Continues General Debate as It Enters Second Day

    Source: United Nations General Assembly and Security Council

    Meetings Coverage

    Fourth International Conference on Financing for Development,

    3rd & 4th Meetings (AM & PM)

    Heads of State and Government, ministers and other senior officials from around the world will address the Conference as its general debate continues.

    …

    Development

    For information media. Not an official record.

    MIL OSI United Nations News –

    July 1, 2025

  • MIL-OSI United Nations: Multi-stakeholder Round Table 2: Leveraging Private Business and Finance

    Source: United Nations General Assembly and Security Council

    The Conference holds its second multi-stakeholder round table this morning on “Leveraging private business and finance”.

    Co-Chaired by Muhammad Aurangzeb, Federal Minister for Finance and Revenue of Pakistan, and Christopher MacLennan, Deputy Minister for International Development of Canada, it will feature a keynote address by Mahmoud Ali Youssouf, African Union Commission Chairperson.

    Antonio H. Pinheiro Silveira, Vice-President for the Private Sector, CAF, will moderate the discussion.

    Panellists will include:  Neal Rijkenberg Minister for Finance of Eswatini; Retselisitsoe Matlanyane, Minister for Finance and Development Planning of Lesotho; Situmbeko Musokotwane, Minister for Finance and National Planning of Zambia; and Boris Titov, Special Representative of the President of the Russian Federation for Relations with International Organizations for Achieving the Sustainable Development Goals, of the Russian Federation.

    Mary Beth Goodman, Deputy Secretary-General of the Organisation for Economic Cooperation and Development (OECD), and Eric Pelofsky, Vice-President of the Rockefeller Foundation, will be the discussants.

    …

    MIL OSI United Nations News –

    July 1, 2025

  • MIL-OSI: Baltic Horizon Fund publishes its ESG report for 2024

    Source: GlobeNewswire (MIL-OSI)

    Baltic Horizon Fund today announces the release of its annual ESG report for the year of 2024.

    Baltic Horizon introduced its ESG strategy in 2019, and has since allocated consideable efforts on promoting environmental, social, and governance practices across its asset portfolio and in the investment strategies and decision-making processes.

    The past years, Baltic Horizon Fund has operated in a very demanding environment. In 2024, the Fund Management‘s attention has been concentrated on maximizing the potential of its portfolio and each asset to build a solid foundation for the future. In the area of ESG, our efforts have been focused on improving the ESG data quality and embracing green energy sources, in alignment with the growing tenant demand for sustainable and environmentally friendly spaces,‘ commented Tarmo Karotam, Fund Manager for Baltic Horizon Fund.

    Baltic Horizon Fund‘s ESG performance highlights in 2024

    During 2024, Baltic Horizon Fund maintained a 100% portfolio BREEAM certification. The office building Meraki received its BREEAM New Construction certificate in October with the grade Excellent. This certification improves and replaces the design state certificate which had the Very good rating.

    The Fund uses green leases to align and formalize sustainability commitments with the tenants and has set a goal to achieve 100 % of green lease coverage. In 2024, the Fund increased the share of green leases, reaching 98 % coverage by the end of the year.

    The Fund has analyzed its investments in accordance with the EU Taxonomy. In 2024, 23% of the Fund’s real estate investments satisfied the EU taxonomy substantial contribution criteria. This is a significant improvement from 2023 where the taxonomy alignment was 14% .

    During 2024, 86% of the Fund’s properties electricity was renewable. 2 out of 12 assets had on-site solar panels. 10 out of the 12 assets used renewable electricity. To increase the renewable electricity in the portfolio, the Fund has signed private power purchase agreements (PPA) to purchase solar and/or wind power directly from the energy parks. Two of the PPAs became effective in 2024 and more PPAs will enter into force in 2025.

    During 2024, the Fund once again participated in the Global Real Estate Benchmark (GRESB). The Fund received a 3-star GRESB rating in 2024, and has thoroughly analyzed the assessment results and developed an action plan to achieve a 4-star GRESB rating in 2025.

    The full ESG report 2024 is attached and is also available on the Fund’s website: https://www.baltichorizon.com/esg/.

    The Estonian translation of the report is available on the Fund’s website: www.baltichorizon.com/et/esg/.

    For additional information, please contact:

    Tarmo Karotam
    Baltic Horizon Fund manager
    E-mail tarmo.karotam@nh-cap.com
    www.baltichorizon.com

    The Fund is a registered contractual public closed-end real estate fund that is managed by Alternative Investment Fund Manager license holder Northern Horizon Capital AS. 

    Distribution: GlobeNewswire, Nasdaq Tallinn, Nasdaq Stockholm, www.baltichorizon.com

    To receive Nasdaq announcements and news from Baltic Horizon Fund about its projects, plans and more, register on www.baltichorizon.com. You can also follow Baltic Horizon Fund on www.baltichorizon.com and on LinkedIn, Facebook, X and YouTube.

    Attachment

    • Baltic Horizon ESG report 2024

    The MIL Network –

    July 1, 2025

  • MIL-OSI: Registration of share capital increase in IDEX Biometrics – 1 July 2025

    Source: GlobeNewswire (MIL-OSI)

    Reference is made to the following disclosures by IDEX Biometrics ASA:

    15 June 2025: Issue of 299,381,600 new shares to employees, contractors and directors in IDEX.
    23 June 2025: Issue of 5,412,932 new shares in lieu of cash board remuneration as approved by the annual general meeting held on 21 May 2025.
    23 June 2025: Issue of 69 new shares to an employee to facilitate the 100-to-1 share consolidation as resolved by the extraordinary general meeting held on 11 April 2025.

    The share capital increases have been registered in the Norwegian Register of Business Enterprises. Following the share capital increases, the Company’s share capital is NOK 47,364,256.00 divided into 4,736,425,600 shares, each with a nominal value of NOK 0.01.

    Contact person
    Anders Storbråten, CFO
    E-mail: anders@idexbiometrics.com

    About IDEX Biometrics
    IDEX Biometrics ASA (IDEX) is a global technology leader in fingerprint biometrics, offering authentication solutions across payments, access control, and digital identity. Our solutions bring convenience, security, peace of mind and seamless user experiences to the world. Built on patented and proprietary sensor technologies, integrated circuit designs, and software, our biometric solutions target card-based applications for payments and digital authentication. As an industry-enabler we partner with leading card manufacturers and technology companies to bring our solutions to market.

    For more information, visit www.idexbiometrics.com

    About this notice
    This notice was issued by Erling Svela, VP of finance, on 1 July 2025 at 10:50 CET on behalf of IDEX Biometrics ASA. The shall be disclosed according to section 5-8 of the Norwegian Securities Trading Act (“STA”) and published in accordance with section 5-12 of the STA.

    The MIL Network –

    July 1, 2025

  • MIL-OSI: BSTR Miner launches next-generation cloud mining platform: AI-driven, multi-currency support, Dogecoin mining threshold drops to a new low

    Source: GlobeNewswire (MIL-OSI)

    London, UK, July 01, 2025 (GLOBE NEWSWIRE) — In the wave of continued expansion of the global cryptocurrency market, BSTR Miner, which has been deeply involved in blockchain infrastructure for 6 years, officially launched a revolutionary cloud mining platform today. The platform uses patented adaptive revenue enhancement technology (A.R.E.T) to realize intelligent dynamic mining of mainstream currencies such as Bitcoin, Ethereum, and Dogecoin for the first time, lowering the threshold for passive crypto income to $100 and completely rewriting the rules of the game in the industry.

    Market pain points and technical breakthroughs
    After the Bitcoin halving in 2025, the computing power of the entire network will climb by 37%, and it will be more difficult for individual miners to make profits. BSTR Miner’s solution directly hits three core pain points:

    Zero hardware burden: users do not need to face the purchase, maintenance or high electricity costs of mining machines

    Intelligent income: A.R.E.T system analyzes 200+ blockchain indicators in real time (including network difficulty, gas fees and currency price fluctuations), and automatically switches to the currency with the highest current income for mining

    Democratization of Dogecoin mining: Deep optimization of DOGE’s Scrypt algorithm allows small investors to share the ecological dividends of meme coins

    BSTR Miner cloud mining platform advantages:
    Zero hardware: Instant mining of BTC, ETH and DOGE – no equipment or technical skills required.

    AI profit maximizer: patented A.R.E.T. algorithm, dynamically switches mining to the currency with the highest income (for example, DOGE mining rewards increased by 143% in June)
    Transparent income: blockchain verification every 8 hours
    Start mining with $100. Exclusive DOGE Mining Offer: New users get $10 bonus + 3% extra DOGE hashrate.

    How to start mining with BSTR Miner?
    1. Quick registration
    Visit www.bstrminer.com and register with your email/mobile phone number
    2. Zero configuration start
    Recharge $100+ to a crypto wallet (supports BTC/ETH/USDT) or use the $10 given by the platform for mining
    3. Select a contract
    The platform provides 11 contracts, choose the contract that suits you to purchase
    4. Enjoy daily income
    View income data in real time on the dashboard
    •Automatically distributed to the account every 24 hours
    • Withdraw at any time when the balance is over $100

    Real user testimony
    “As a full-time teacher, I obtained a stable monthly return of 5.1% in Q2 2025 through BSTR Miner’s Dogecoin mining contract,” James Chen, an early Canadian user, showed his dashboard data, “What’s more surprising is that the platform automatically switched 35% of its computing power to the skyrocketing BRC-20 token in June, with a daily increase of 300% in income.”

    Market positioning and strategy
    “Traditional cloud mining is experiencing a crisis of trust,” said Elena, CTO of BSTR Miner Rodriguez pointed out that “our real-time revenue tracing system makes every penny of output verifiable, which will become the new industry standard.” The platform has reserved $50 million for user growth funds, and new registrations can receive: $10 experience money (which can be directly invested in Dogecoin mining contracts)

    About BSTR Miner
    Founded in 2019, BSTR Miner operates 5 Tier-4 data centers in North America, with a computing power accounting for 1.98% of the global Bitcoin network. In 2024, it was certified by ISO/IEC 27001 and was named the “Most Innovative Blockchain Infrastructure Provider” by Yahoo Finance.

    For media enquiries, please contact:
    Company name: BSTR Miner
    Email: info@bstrminer.com
    Company address: Flat 5 Vincent Avenue, Welcombe Court, Stratford-Upon-Avon, England
    Company website: https://bstrminer.com

    Attachment

    The MIL Network –

    July 1, 2025

  • MIL-OSI United Nations: Sevilla Platform for Action Offers ‘Ambitious, Action-oriented Response to Global Financing Challenge’, Says Secretary-General, at Launch Event

    Source: United Nations General Assembly and Security Council

    Following are UN Secretary-General António Guterres’ remarks at the launch of the Sevilla Platform for Action, in Sevilla, Spain, today:

    Thank you for joining this launch of the Sevilla Platform for Action.

    Respected President of the Government of Spain, I commend you and your Government for your vision and leadership as hosts of the Fourth International Conference on Financing for Development.

    We are all here to respond to a global development crisis that threatens people and planet alike.  Our road map to a better future — the Sustainable Development Goals — is in danger. Two thirds of the targets are not progressing fast enough — or at all.

    Solutions depend on financing.  Developing countries need over $4 trillion a year to deliver on the 2030 Agenda for Sustainable Development.  But, they are being battered by limited fiscal space, slowing growth, crushing debt burdens and growing systemic risks. 

    The Sevilla Commitment document represents a bold plan to get the engine of development revving again:  through new domestic and global commitments that can channel public and private finance to the areas of greatest need; by overhauling the world’s approach to debt to make borrowing work in service of sustainable development; and by reforming the global financial architecture to reflect today’s realities and the urgent needs of developing countries.

    But, we need all hands on deck.  And that’s why the Sevilla Platform for Action is so critical — and so significant.

    In the midst of a world of division, conflict and economic uncertainty, this Platform contains more than 130 specific initiatives that demonstrate what we can achieve by working together.

    Governments, private sector partners, international institutions and civil society groups all together are teaming up to launch high-impact initiatives to bring the Sevilla Commitment to life.

    This includes a global hub for debt swaps at the World Bank as part of a broader facility aimed at relieving liquidity constraints and lowering the cost of borrowing.  A debt pause alliance to help countries in times of crisis.  A global coalition to scale up pre-arranged finance that can be readily deployed when disasters strike.  A blended finance platform to bring public and private finance together in a new and expanded way.  A new tool for multilateral development banks to manage currency risks.  And a commission to explore the future of development cooperation.

    In December 2024, I appointed a group of experts on debt who today are announcing 11 immediately actionable proposals to help resolve the debt crisis.  This includes the commitment to establish a borrowers forum for countries to learn from one another and coordinate their approaches in debt management and restructuring.  I look forward to working closely with Member States — including the G20 — to bring this forum to life, to empower borrower countries and create a fairer system.

    The Sevilla Platform for Action offers an ambitious, action-oriented response to the global financing challenge.  It provides a springboard towards a more just, inclusive and sustainable world for all countries.  And above all, it proves that progress and change are possible if we work together.

    I hope the Platform inspires countries to work as one to tackle other challenges facing our world today.  I thank Spain Prime Minister Pedro Sánchez and all of you for your leadership.

    MIL OSI United Nations News –

    July 1, 2025

  • Multiple cloudbursts in Himachal Pradesh’s Mandi; Shimla-Sunni-Karsog highway blocked after heavy rain

    Source: Government of India

    Source: Government of India (4)

    Multiple cloudbursts and torrential rain continued across Himachal Pradesh on Monday, resulting in flash floods. One of the worst-hit routes is the Shimla-Sunni-Karsog highway, which has been completely blocked near Devidhar, about 35 kilometres from the state capital Shimla, stranding dozens of vehicles and commuters.

    Long queues of vehicles were seen piling up on both sides of the landslide site.

    Some people went missing in multiple cloudbursts overnight in Karsog division in Mandi district.

    The cloudbursts triggered flash floods that washed away many houses.

    At least 41 people have been rescued by the district administration and the State Disaster Response Force (SDRF).

    According to reports, 10 houses and a bridge were swept away by floods in Kuklah. In Mandi district, the 16-MW Patikari Hydro-Electric Power Project has also been washed away.

    The run-of-the-river power project is built on the Bakhli Khad, a left-bank tributary of the Beas river.

    Owing to the heavy inflow of water, 150,000 cusecs of water have been released from the Pandoh Dam.

    The situation turned critical as the downpour in the Beas upper catchment led to a sharp increase in inflow at Pandoh Dam.

    Locals and tourists have been strictly warned to stay away from the riverbanks.

    The 126-MW Larji Hydro Electric Project in Kullu also saw an abnormal rise in water discharge.

    Owing to heavy rain, Mandi District Magistrate Apoorv Devgan ordered the closure of all schools and educational institutions in the district on Tuesday as a precautionary step.

    On Monday, a five-storey building collapsed in the suburbs of Shimla city. However, no lives were lost, as residents had vacated the building.

    The state suffered a loss of Rs 75.69 crore till Monday due to torrential rain that has occurred across the state in the past 10 days.

    As per the Revenue Department, the state has witnessed 23 deaths as a result of flash floods, cloudbursts, drowning, etc, from June 20 to June 30. Also, 259 link roads across the state remain closed, while 614 distribution transformers and 144 water supply schemes across the state remain disrupted.

    (With inputs from agencies)

    July 1, 2025

  • MIL-OSI China: Xi stresses building unified national market, promoting marine economy’s high-quality development

    Source: China State Council Information Office

    Xi stresses building unified national market, promoting marine economy’s high-quality development

    Xinhua | July 1, 2025

    Chinese President Xi Jinping on Tuesday stressed efforts to advance the building of a unified national market and promote the high-quality development of the marine economy.

    Xi, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, made the remarks at a meeting of the Central Commission for Financial and Economic Affairs, which he heads. 

    MIL OSI China News –

    July 1, 2025

  • MIL-OSI China: Xi stresses building unified national market, promoting marine economy’s high-quality development 2025-07-01 16:27:12 Chinese President Xi Jinping on Tuesday stressed efforts to advance the building of a unified national market and promote the high-quality development of the marine economy.

    Source: People’s Republic of China – Ministry of National Defense

      BEIJING, July 1 (Xinhua) — Chinese President Xi Jinping on Tuesday stressed efforts to advance the building of a unified national market and promote the high-quality development of the marine economy.

      Xi, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, made the remarks at a meeting of the Central Commission for Financial and Economic Affairs, which he heads. 

    loading…

    MIL OSI China News –

    July 1, 2025
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