Category: Africa

  • MIL-OSI United Nations: Tsunami alert highlights worth of global early warning system

    Source: United Nations 2

    While the UN-backed International Atomic Energy Agency (IAEA) reported 
    that there had been no damage to Japan’s nuclear facilities after an 8.8 magnitude quake was recorded off Russia’s Kamchatka Peninsula, coastal communities have been taking no chances and evacuating to higher ground or moving further inland.

    Alerts were sent out within a few minutes of the Russia quake, the UN Office for Disaster Risk Reduction (UNDRR) confirmed. Although the authorities have now downgraded the threat across Japan as waves of 1.3 metres (4ft 2in) have been recorded, the advice is for people to stay in shelters until the danger diminishes from continuing sea surges.

    “It is very complex; we are observing the tsunami data in real time, so we need people to stay at the shelter until the tsunami is completed,” said tsunami engineer Professor Fumihiko Imamura from Tohoku University.

    Deadly legacy

    In the Asian island nation, memories are still raw from the 11 March 2011 Tohoku earthquake and tsunami which killed more than 18,000 people.

    Just last year, the 7.6 magnitude Noto quake left approximately 500 dead and damaged 150,000 homes.

    The disaster also caused a major accident at the Fukushima Daiichi Nuclear Power Plant, forcing tens of thousands of people from their homes. 

    Today’s developments come amid reports that the latest earthquake was among the 10 most powerful ever recorded, hence why the authorities are monitoring its impact so closely.

    So far, alerts have been triggered off the west coast of the United States, in South America from Chile to Mexico and from Papua New Guinea to Vanuatu in the Pacific. 

    A 8.8 magnitude earthquake is a very large earthquake,” explained Kamal Kishore, Special Representative of the UN Secretary-General for Disaster Risk Reduction. 

    “As you go from magnitude eight to nine, or seven to eight, at every step the strength of the earthquake increases exponentially. So, an earthquake which is magnitude eight as opposed to seven would be 30 times bigger.” 

    Faster than a jet liner

    Speaking to UN News, Mr. Kishore highlighted the huge distances tsunamis can cover, picking up enormous energy they then dump on coastal communities. 

    Their progress can be as fast as a passenger jet and can be tracked by deep sea pressure change sensors, or tsunameters, that are connected to surface buoys which relay information in real time to satellites. This data is then modelled by national weather centres, influencing whether alerts are issued.

    “It’s a real threat because the tsunamis travel really fast from one coast to the other,” continued Mr. Kishore. “The Indian Ocean tsunami of 2004 was one of the most devastating in our memory, which travelled from all the way from the coast of Indonesia to the Sri Lankan shores within a little over an hour.”

    Lessons learned

    In addition to the coordination role of UNDRR in the global early warning system, other UN entities also closely involved include the World Meteorological Organization (WMO) and the Intergovernmental Oceanographic Commission of the UN agency for Education, Science and Culture (UNESCO-IOC).  

    The IOC’s role is critical in making sure that countries that use tsunami-tracking instrumentation follow the same standard. 

    These efforts are in line with the UN Secretary-General’s Early Warnings for All initiative to ensure that everyone on Earth is protected from hazardous weather, water or climate events through lifesaving early warning systems.

    Today, one in three people – and mainly in least developed countries and Small Island Developing States – lacks access to adequate multi-hazard early warning systems.

    “Tsunami prevention really highlights how important it is to have multilateral action” such as sharing data to run the algorithms behind wave modelling systems, insisted the UN’s Mr. Kishore. 

    “There are countries which are separated by thousands of kilometres of ocean, but they are affected by the same hazard,” he continued. 

    “If you do not share information on observing these hazards, not just in the location where they have occurred, but on what is happening in the intermediate locations in the ocean…we will not be able to warn our citizens.”  

    MIL OSI United Nations News

  • MIL-OSI USA: McConnell Introduces Kentuckian at Judicial Nomination Hearing

    US Senate News:

    Source: United States Senator for Kentucky Mitch McConnell

    WASHINGTON, D.C. – U.S. Senator Mitch McConnell (R-KY) delivered the following remarks today before members of the U.S. Senate Committee on the Judiciary in support of S. Chad Meredith, of Lexington, President Trump’s nominee to serve as a district judge for the Eastern District of Kentucky:

    “Mr. Chairman and distinguished Members of the Committee, today it is my distinct privilege to introduce my fellow Kentuckian, Chad Meredith.

    “President Trump made an outstanding choice for his nomination to the U.S. District Court for the Eastern District of Kentucky. Earlier this year, I proudly recommended Chad to the White House and as you will see from today’s hearing, he has the intellect, skill, and experience to excel as a federal district court judge.

    “One of the Senate’s most important constitutional responsibilities is to offer its advice and consent with respect to executive nominations, and I take very seriously the responsibility to carefully consider every nominee, especially for vacancies in my home state. 

    “Chad is a bright lawyer with a stellar resume and a distinguished record of public service, but I would like to share with you how I first met him.

    “Chad interned with my office in 2003. The internship program provides college students with the opportunity to enhance their education as well as increase their knowledge of issues important to both the Commonwealth and our country. Interns are selected on the basis of strong scholastic and extracurricular achievements as well as an interest in the governmental process, and I’ve been impressed to watch a former McIntern through the decades succeed in the legal field, public service, and now to be nominated to the federal bench.

    “Chad graduated summa cum laude from Washington and Lee University and summa cum laude from the University of Kentucky College of Law. Following his formal education, he sharpened his legal skills with two judicial clerkships with then-District Judge Amul Thapar on the Eastern District of Kentucky and Judge John Rogers on the Sixth Circuit.

    “He served as the first – that’s right, the first – Solicitor General for the Commonwealth of Kentucky. As the Solicitor General from 2019 to 2021, Chad oversaw all civil and criminal appellate litigation involving the Commonwealth. He earned a reputation for being fair-minded and professional, and for having a strong work ethic.

    “From throughout the country, we have dozens of current and former state solicitors general expressing their strong support for Chad’s nomination, saying, ‘As Kentucky’s first Solicitor General, Chad distinguished himself in diverse areas of federal and state law. Chad also exhibits the temperament necessary to serve as a District Judge…As Chad’s professional peers who have witnessed his work, we are confident that he possesses the qualities to serve with distinction as a District Judge.’

    “Additionally, it’s quite notable to hear from hundreds of lawyers calling Chad ‘fair-minded’. These attorneys come from many diverse backgrounds and include civil litigators, prosecutors, and criminal defense attorneys. They hold various political views and judicial philosophies and are supporting this nomination saying, ‘we all agree that our legal system needs judges who carefully and honestly evaluate the arguments made by the parties and do what the law requires. We all believe that Chad will excel as a District Judge.’

    “Amid Chad’s great professional success in private practice, even his colleagues know his value as an excellent lawyer and a careful thinker will serve our nation well, saying, ‘As much as we don’t want to lose him, our loss would be the public’s gain.’

    “This is all very resounding support and where that support runs deepest is with Chad’s family. I’d like to recognize his father, Kentucky State Senator Steve Meredith and his mother, Karen. They are both here and I know are very proud of Chad… and so is his wonderful wife, Rebekah, and we can bet that each of their children, Ben, Grace, Emma, and Daniel are beaming with pride for their dad.

    “Also joining today to support Chad’s commitment to public service is Kentucky State Representative Samara Heavrin, as well as many more members of his family, his friends, and colleagues.

    “Mr. Chairman, thank you for the opportunity to come by and put in a good word. I am confident that Chad Meredith, who has demonstrated devotion to the rule of law and the Constitution, will serve the people of Kentucky and our country well on the federal bench. I appreciate this committee’s consideration of his nomination, and I look forward to his confirmation.”

    MIL OSI USA News

  • MIL-OSI Africa: ExxonMobil Partners with African Energy Week (AEW) 2025 as Diamond Sponsor – Showcasing Major Investments, Youth Science, Technology, Engineering and Mathematics (STEM) Africa Initiatives, and Highlighting Women in Energy

    Source: APO

    As a Diamond Sponsor at AEW, ExxonMobil reaffirms its long-standing commitment to Africa’s energy future through ambitious new investments, frontier exploration and impactful educational programs. The company will take a central role in shaping dialogue on the continent’s upstream outlook, LNG development and the transition to more inclusive energy systems.

    As the world’s largest publicly listed, private integrated energy company, ExxonMobil continues to be a leader in the frontier exploration space and deepen its footprint in Africa through a series of forward-looking, high-impact initiatives. In Nigeria, the company looks to make significant investment in the deepwater as part of a broader strategy to help increase national output. This comes on the heels of sustained production efforts at the Erha and Owowo fields, underlining the company’s strategic focus on optimizing existing deepwater assets.

    Further south, ExxonMobil is maintaining production from the prolific Kizomba deepwater development in Angola’s Block 15, where it recently signed a Production Sharing Contract (PSC) extension with the Angolan National Agency of Petroleum, Gas and Biofuels (ANPG), extending operations until 2037. The company also renewed its PSC for Block 17, in partnership with TotalEnergies to ensure continued production from key offshore Block 17 fields.

    In East Africa, ExxonMobil is making headway with the long-anticipated Rovuma LNG project in Mozambique’s Area 4. The project – expected to reach a final investment decision in 2026 – aims to bring an additional 18 million tons per annum (MTPA) of LNG to market, building on Mozambique’s emergence as a key global gas supplier.

    Beyond upstream operations, ExxonMobil is also investing in long-term capacity-building through the ExxonMobil Foundation’s STEM Africa program. Launched in 2024, the program partners with Junior Achievement Africa to deliver immersive science, technology, engineering and mathematics (STEM) education to students in Nigeria, Namibia, Angola and Mozambique. In its first year alone, the program reached over 3,000 students – 96% of whom expressed interest in pursuing STEM careers. In recognition of its impact, STEM Africa was awarded the Local Impact Award at the Big Five Board Awards in London earlier this month.

    “ExxonMobil’s role as a Diamond Sponsor at AEW 2025 is a testament to their bold, future-focused investments – from revitalizing offshore oilfields in Nigeria and Angola to advancing LNG capacity in Mozambique and exploring new frontiers in Africa’s Atlantic Coast,” states NJ Ayuk, Executive Chairman of the African Energy Chamber. “Their STEM Africa initiative demonstrates an equally strong commitment to building local talent and empowering young Africans to lead tomorrow’s energy industry. This is the kind of strategic partnership Africa needs.”

    AEW 2025: Invest in African Energies will provide a premier platform for ExxonMobil to engage with African governments, investors, and stakeholders as the continent accelerates toward energy security and industrial growth. With a broad and growing portfolio, ExxonMobil continues to lead Africa into its next era of energy development.

    Distributed by APO Group on behalf of African Energy Chamber.

    About African Energy Week:
    AEW: Invest in African Energies is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit www.AECWeek.com for more information about this exciting event.

    Media files

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    MIL OSI Africa

  • MIL-OSI Europe: Written question – Effectiveness of Polish border policy and information campaign in addressing irregular migration – E-002973/2025

    Source: European Parliament

    Question for written answer  E-002973/2025
    to the Commission
    Rule 144
    Krzysztof Brejza (PPE)

    Since 2024, the Polish Government under Prime Minister Donald Tusk has reinforced its eastern borders and launched an information campaign abroad to address growing irregular migration pressures. While fully respecting the right to asylum, Poland’s actions have focused on deterring irregular economic migration, often facilitated by smuggling networks and driven by false promises.

    The government’s information campaign in Afghanistan, Ethiopia, Eritrea, Somalia, Iraq, Pakistan, Egypt and Kenya, clearly communicates that Poland is not a viable entry point for unauthorised migration. The campaign’s aim is to reduce human suffering, cut smugglers’ profits and avoid a system overload. At the same time, Poland has upgraded its border infrastructure and engaged diplomatically to manage the inflow of migrants responsibly.

    • 1.Does the Commission consider Poland’s approach, particularly the external information campaign, as a potentially effective model for other Member States?
    • 2.Are there plans to support similar EU-coordinated campaigns to address irregular economic migration at the source?
    • 3.Will such preventive strategies be integrated into the implementation of the new Pact on Migration and Asylum?

    Submitted: 17.7.2025

    Last updated: 30 July 2025

    MIL OSI Europe News

  • MIL-OSI Canada: Minister Solomon to participate in an event hosted by the Foundation for Black Communities in Toronto

    Source: Government of Canada News

    The Honourable Evan Solomon, Minister of Artificial Intelligence and Digital Innovation and Minister responsible for the Federal Economic Development Agency for Southern Ontario, will deliver remarks at the Black Ideas Grant (B.I.G) 2.0 event in Toronto.

    Minister Solomon is attending on behalf of the Honourable Patty Hajdu, Minister of Jobs and Families and Minister responsible for the Federal Economic Development Agency for Northern Ontario.

    Please note that all details are subject to change.

    Date:       Thursday, July 31, 2025

    Time:       
    12:45 p.m. EDT

    Place:       
    Rwanda Canadian Healing Centre
                      339 Queen Street East
                      Toronto, Ontario

    Notes for media:

    To register, contact communications@forblackcommunities.org with your name and media outlet.

    – 30 –

    MIL OSI Canada News

  • MIL-OSI USA: NREL Transportation Researchers Recognized for Leadership, Innovativeness, and Collaboration at Vehicle Technologies Office Annual Merit Reviews

    Source: US National Renewable Energy Laboratory


    Transportation researchers from NREL received awards at the 2025 Annual Merit Review meeting for the U.S. Department of Energy’s (DOE’s) Vehicle Technologies Office (VTO).

    Each year, VTO presents awards to individuals from partner institutions for contributions to overall program efforts and to recognize research, development, demonstration, and deployment achievements in specific areas.

    VTO Lifetime Distinguished Achievement Award – Margo Melendez

    Margo Melendez, NREL’s chief transportation technology deployment and integration engineer, was recognized for her dedication to VTO’s Technology Integration (TI) program and her commitment to the Clean Cities and Communities mission. The award noted that “her leadership has formed an essential connection between DOE, NREL, and stakeholders across a wide range of alternative fuel and advanced transportation fields.”

    NREL’s Margo Melendez, recipient of a VTO Lifetime Distinguished Achievement Award, with VTO Director Austin Brown and VTO Technology Integration manager Mark Smith.

    Clean Cities and Communities (CC&C) is a DOE partnership that fosters collaboration and innovation to advance transportation energy choices nationwide. More than 75 DOE-designated CC&C coalitions work in urban, suburban, and rural areas to deliver objective technical expertise based on a unique understanding of local markets. DOE’s VTO facilitates the administration of CC&C through its TI program.

    Melendez was recognized by VTO for her more than two decades of serving as a leader in the TI and CC&C national laboratory team. The award honored her work in guiding NREL teams that provide critical technical assistance to the CC&C partnership.

    She was also recognized for managing projects as part of a multimillion-dollar effort funded jointly by DOE, the California Energy Commission, and the South Coast Air Quality Management District to advance the state of technology for natural gas vehicles.

    “In addition to the technical projects, the partnership among funding agencies to come together to establish common goals was unique,” Melendez said.

    She credited the many engineers and researchers at VTO for her success. “Their vision for innovation is inspiring, and their leadership has helped so many Americans, from researchers to vehicle operators,” she said.

    VTO Team Award – RouteE and FASTSim

    The NREL teams that developed Route Energy Prediction (RouteE) modeling tools and the Future Automotive Systems Technology Simulator (FASTSim) were recognized by VTO for their “remarkable ingenuity, collaboration, impactful contributions, and outstanding technical expertise.” RouteE and FASTSim can be used to minimize energy consumption, simulate powertrains, and estimate the impact of technology improvements on light-, medium-, and heavy-duty vehicles.

    The tool development teams were recognized this year for having integrated new research approaches and continued collaborations with external partners, including Google Maps. The team’s work enabled Google Maps’ eco-routing feature.

    The award recognized a number of NREL transportation and mobility analysis researchers, including Chad Baker, Robin Steuteville, Nick Reinicke, Jeff Gonder, Shashi Peddireddy, Balashanmuga Priyan Rajamohan, Ananta Shrestha, Kyle Carow, Jake Holden, Rob Fitzgerald, and Josh Hoshiko and former NREL intern Natalie Schultz.

    VTO Team Award – Cooperative Driving Automation

    Two multilab Cooperative Driving Automation (CDA) projects were awarded VTO Team Awards, including one that involved NREL, Oak Ridge National Laboratory, and Argonne National Laboratory. These CDA projects were recognized for outstanding collaboration between laboratories and projects “to advance the understanding and implementation of CDA.”

    In these projects, researchers developed novel software, algorithms, and hardware needed to quantify the energy impacts and the sensitivity on different communication frameworks, as well as for specific CDA and active traffic management (ATM) applications.

    CDA enables multiple automobiles or other road vehicles and road users to communicate with one another and take cooperative actions to increase safety and smoothness of travel. The CDA project teams were recognized in particular for their current work on a shared scenario to demonstrate specific CDA controls.

    The NREL researchers recognized as part of these projects were transportation energy transition analysis researcher Nick Reinicke and computational science researcher Qichao Wang.

    Learn more about NREL’s transportation and mobility research. And sign up for NREL’s transportation and mobility research newsletter, Mobility Matters, to stay current on the latest news.

    MIL OSI USA News

  • MIL-OSI United Kingdom: Peace operations should be equipped with the tools they need to deliver political solutions: UK statement at the UN Security Council

    Source: United Kingdom – Government Statements

    Speech

    Peace operations should be equipped with the tools they need to deliver political solutions: UK statement at the UN Security Council

    Statement by Caroline Quinn, UK Deputy Political Coordinator, at the UN Security Council meeting on UN Peace Operations.

    UN peace operations have made a critical contribution towards international peace and security for more than three quarters of a century. 

    However, the nature of conflict is evolving, and we should continue supporting the adaptation of this vital UN tool so it can best support durable peace.  

    I will make three points.  

    Firstly, the effectiveness of UN political operations depends on their having and implementing clear and robust political strategies. 

    Not only do mission mandates need to have politics at their core, but missions should ensure that all elements of their work are grounded in political strategy. 

    This requires improved coordination across the UN system and strong cooperation with key stakeholders, including regional states and organisations, local communities and civil society.  

    Second, peace operations should be equipped with the tools they need to deliver political solutions. 

    This includes enhanced technology, such as early warning systems and improved surveillance, to foresee emerging threats. 

    It also includes strategic communications capabilities to counter the growing misinformation and disinformation campaigns we have regrettably seen targeting UN missions.   

    Thirdly President, to best support political solutions, peace operations need to be tailored and targeted to the contexts in which they operate. 

    This may encompass larger, multi-dimensional peacekeeping operations, but also special political missions, like UNSMIL in Libya, supporting the political process, or expert logistical support such as UNSOS in Somalia.

    UN missions also need to be agile and adaptable, with robust contingency plans so that they can quickly adapt when the situation on the ground changes.

     This is equally true for regionally led peace and security missions, which can have a critical role to play.

    President, the Secretary-General’s review on the future of all forms of United Nations peace operations offers a crucial opportunity to ensure that all UN peace operations are mandated, designed and equipped to deliver political solutions in their host state context. 

    The United Kingdom stands ready to work with others to make it a success.

    Updates to this page

    Published 30 July 2025

    MIL OSI United Kingdom

  • MIL-OSI: SPS Commerce Reports Second Quarter 2025 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    Company delivers 98th consecutive quarter of topline growth

    Second quarter 2025 revenue grew 22% and recurring revenue grew 24% from the second quarter of 2024

    MINNEAPOLIS, July 30, 2025 (GLOBE NEWSWIRE) — SPS Commerce, Inc. (NASDAQ: SPSC), a leader in retail supply chain cloud services, today announced financial results for the second quarter ended June 30, 2025.

    Financial Highlights

    Second Quarter 2025 Financial Highlights

    • Revenue was $187.4 million in the second quarter of 2025, compared to $153.6 million in the second quarter of 2024, reflecting 22% growth.
    • Recurring revenue grew 24% from the second quarter of 2024.
    • Net income was $19.7 million or $0.52 per diluted share, compared to net income of $18.0 million or $0.48 per diluted share in the second quarter of 2024.
    • Non-GAAP income per diluted share was $1.00, compared to non-GAAP income per diluted share of $0.80 in the second quarter of 2024.
    • Adjusted EBITDA for the second quarter of 2025 increased 27% to $56.1 million compared to the second quarter of 2024.
    • Share repurchases in the second quarter of 2025 totaled $20.0 million.

    “SPS Commerce is the only full-service EDI solution on the market uniquely positioned to help suppliers effortlessly maintain EDI compliance with retailers’ frequently changing requirements,” said Chad Collins, CEO of SPS Commerce. “Our product portfolio enables a stronger collaboration between trading partners, unlocking greater efficiency, cost savings, and shared success. These are dynamics that we believe position SPS for long-term growth.”

    “We delivered strong second-quarter performance, and we remain confident in our full-year 2025 outlook,” said Kim Nelson, CFO of SPS Commerce. “In the long term, we are well positioned to capitalize on the growth opportunities across our large addressable market, while we continue to demonstrate strong operating leverage and the resilience of our business model.”

    Guidance

    Third Quarter 2025 Guidance

    • Revenue is expected to be in the range of $191.7 million to $193.2 million, representing 17% to 18% year-over-year growth.
    • Net income per diluted share is expected to be in the range of $0.50 to $0.54, with fully diluted weighted average shares outstanding of 38.5 million shares.
    • Non-GAAP income per diluted share is expected to be in the range of $0.96 to $1.00.
    • Adjusted EBITDA is expected to be in the range of $57.9 million to $59.9 million.
    • Non-cash, share-based compensation expense is expected to be $16.0 million, depreciation expense is expected to be $5.6 million, and amortization expense is expected to be $9.5 million.

    Fiscal Year 2025 Guidance

    • Revenue is expected to be in the range of $759.0 million to $763.0 million, representing 19% to 20% growth over 2024.
    • Net income per diluted share is expected to be in the range of $2.17 to $2.22, with fully diluted weighted average shares outstanding of 38.3 million shares.
    • Non-GAAP income per diluted share is expected to be in the range of $3.99 to $4.04.
    • Adjusted EBITDA is expected to be in the range of $230.7 million to $233.7 million, representing 24% to 25% growth over 2024.
    • Non-cash, share-based compensation expense is expected to be $60.9 million, depreciation expense is expected to be $21.8 million, and amortization expense is expected to be $37.1 million.

    The forward-looking measures and the underlying assumptions involve significant known and unknown risks and uncertainties, and actual results may vary materially. The Company does not present a reconciliation of the forward-looking non-GAAP financial measures, including Adjusted EBITDA, Adjusted EBITDA margin, and non-GAAP income per share, to the most directly comparable GAAP financial measures because it is impractical to forecast certain items without unreasonable efforts due to the uncertainty and inherent difficulty of predicting, within a reasonable range, the occurrence and financial impact of and the periods in which such items may be recognized.

    Quarterly Conference Call

    To access the call, please dial 1-833-816-1382, or outside the U.S. 1-412-317-0475 at least 15 minutes prior to the 3:30 p.m. CT start time. Please ask to join the SPS Commerce Q2 2025 conference call. A live webcast of the call will also be available at http://investors.spscommerce.com under the Events and Presentations menu. The replay will also be available on our website at http://investors.spscommerce.com.

    About SPS Commerce

    SPS Commerce is the world’s leading retail network, connecting trading partners around the globe to optimize supply chain operations for all retail partners. We support data-driven partnerships with innovative cloud technology, customer-obsessed service, and accessible experts so our customers can focus on what they do best. Over 50,000 recurring revenue customers in retail, grocery, distribution, supply, manufacturing, and logistics are using SPS as their retail network. SPS has achieved 98 consecutive quarters of revenue growth and is headquartered in Minneapolis. For additional information, contact SPS at 866-245-8100 or visit www.spscommerce.com.

    SPS COMMERCE, SPS, SPS logo and INFINITE RETAIL POWER are marks of SPS Commerce, Inc. and registered in the U.S. Patent and Trademark Office, along with other SPS marks. Such marks may also be registered or otherwise protected in other countries. 

    SPS-F

    Use of Non-GAAP Financial Measures

    To supplement our condensed consolidated financial statements, we provide investors with Adjusted EBITDA, Adjusted EBITDA Margin, and non-GAAP income per share, all of which are non-GAAP financial measures. We believe that these non-GAAP financial measures provide useful information to our management, Board of Directors, and investors regarding certain financial and business trends relating to our financial condition and results of operations.

    Our management uses these non-GAAP financial measures to compare our performance to that of prior periods for trend analyses and planning purposes. Adjusted EBITDA is also used for purposes of determining executive and senior management incentive compensation. We believe these non-GAAP financial measures are useful to an investor as they are widely used in evaluating operating performance. Adjusted EBITDA and Adjusted EBITDA Margin are used to measure operating performance without regard to items such as depreciation and amortization, which can vary depending upon accounting methods and the book value of assets, and to present a meaningful measure of corporate performance exclusive of capital structure and the method by which assets were acquired.

    These non-GAAP financial measures should not be considered a substitute for, or superior to, financial measures calculated in accordance with GAAP. These non-GAAP financial measures exclude significant expenses and income that are required by GAAP to be recorded in our condensed consolidated financial statements and are subject to inherent limitations. Investors should review the reconciliations of non-GAAP financial measures to the comparable GAAP financial measures that are included in this press release.

    Adjusted EBITDA Measures:

    Adjusted EBITDA consists of net income adjusted for income tax expense, depreciation and amortization expense, stock-based compensation expense, realized gain or loss from investments held and foreign currency impact on cash and investments, investment income, and other adjustments as necessary for a fair presentation. Other adjustments for the three months ended June 30, 2025 included the expense impact from disposals of certain capitalized internally developed software and for the six months ended June 30, 2025 included the expense impacts from disposals of certain capitalized internally developed software and one-time acquisition-related insurance costs. Net income is the comparable GAAP measure of financial performance.

    Adjusted EBITDA Margin consists of Adjusted EBITDA divided by revenue. Margin, the comparable GAAP measure of financial performance, consists of net income divided by revenue.

    Non-GAAP Income Per Share Measure:

    Non-GAAP income per share consists of net income adjusted for stock-based compensation expense, amortization expense related to intangible assets, realized gain or loss from investments held and foreign currency impact on cash and investments, other adjustments as necessary for a fair presentation, including for the three months ended June 30, 2025 the expense impact from disposals of certain capitalized internally developed software and for the six months ended June 30, 2025 the expense impacts from disposals of certain capitalized internally developed software and one-time acquisition-related insurance costs, and the corresponding tax impacts of the adjustments to net income, divided by the weighted average number of shares of common and diluted stock outstanding during each period. Net income per share, the comparable GAAP measure of financial performance, consists of net income divided by the weighted average number of shares of common and diluted stock outstanding during each period. To quantify the tax effects, we recalculated income tax expense excluding the direct book and tax effects of the specific items constituting the non-GAAP adjustments. The difference between this recalculated income tax expense and GAAP income tax expense is presented as the income tax effect of the non-GAAP adjustments.

    Forward-Looking Statements

    This press release may contain forward-looking statements, including information about management’s view of SPS Commerce’s future expectations, plans and prospects, including our views regarding future execution within our business, the opportunity we see in the retail supply chain world and our performance for the third quarter and full year of 2025, within the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. These statements involve known and unknown risks, uncertainties and other factors which may cause the results of SPS Commerce to be materially different than those expressed or implied in such statements. Certain of these risk factors and others are included in documents SPS Commerce files with the Securities and Exchange Commission, including but not limited to, SPS Commerce’s Annual Report on Form 10-K for the year ended December 31, 2024, as well as subsequent reports filed with the Securities and Exchange Commission. Other unknown or unpredictable factors also could have material adverse effects on SPS Commerce’s future results. The forward-looking statements included in this press release are made only as of the date hereof. SPS Commerce cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking statements. Finally, SPS Commerce expressly disclaims any intent or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

    Contact:
    Investor Relations
    The Blueshirt Group
    Irmina Blaszczyk & Lisa Laukkanen
    SPSC@blueshirtgroup.com
    415-217-4962

     
    SPS COMMERCE, INC.
    CONDENSED CONSOLIDATED BALANCE SHEETS
    (In thousands, except shares)
     
      June 30,
    2025
      December 31,
    2024
    ASSETS (unaudited)    
    Current assets      
    Cash and cash equivalents $ 107,603     $ 241,017  
    Accounts receivable   72,798       56,214  
    Allowance for credit losses   (5,286 )     (4,179 )
    Accounts receivable, net   67,512       52,035  
    Deferred costs   66,809       65,342  
    Other assets   27,453       23,513  
    Total current assets   269,377       381,907  
    Property and equipment, net   40,150       37,547  
    Operating lease right-of-use assets   7,395       8,192  
    Goodwill   543,514       399,180  
    Intangible assets, net   237,105       181,294  
    Other assets      
    Deferred costs, non-current   21,095       20,572  
    Deferred income tax assets   645       505  
    Other assets, non-current   1,823       2,033  
    Total assets $ 1,121,104     $ 1,031,230  
    LIABILITIES AND STOCKHOLDERS’ EQUITY      
    Current liabilities      
    Accounts payable $ 11,604     $ 8,577  
    Accrued compensation   38,708       47,160  
    Accrued expenses   12,710       12,108  
    Deferred revenue   79,198       74,256  
    Operating lease liabilities   5,749       4,583  
    Total current liabilities   147,969       146,684  
    Other liabilities      
    Deferred revenue, non-current   5,477       6,189  
    Operating lease liabilities, non-current   5,049       7,885  
    Deferred income tax liabilities   12,533       15,541  
    Other liabilities, non-current   296       241  
    Total liabilities   171,324       176,540  
    Commitments and contingencies      
    Stockholders’ equity      
    Common stock   40       40  
    Treasury stock   (122,096 )     (99,748 )
    Additional paid-in capital   693,113       627,982  
    Retained earnings   378,028       336,099  
    Accumulated other comprehensive gain (loss)   695       (9,683 )
    Total stockholders’ equity   949,780       854,690  
    Total liabilities and stockholders’ equity $ 1,121,104     $ 1,031,230  
     
    SPS COMMERCE, INC.
    CONDENSED CONSOLIDATED STATEMENTS OF INCOME
    (Unaudited; in thousands, except per share amounts)
        
      Three Months Ended
    June 30,
      Six Months Ended
    June 30,
        2025       2024       2025       2024  
    Revenues $ 187,400     $ 153,596     $ 368,949     $ 303,172  
    Cost of revenues   59,826       52,018       116,740       103,505  
    Gross profit   127,574       101,578       252,209       199,667  
    Operating expenses              
    Sales and marketing   43,434       35,691       85,068       72,123  
    Research and development   17,271       14,366       34,710       30,375  
    General and administrative   30,890       23,516       61,908       49,423  
    Amortization of intangible assets   9,509       4,840       18,097       9,178  
    Total operating expenses   101,104       78,413       199,783       161,099  
    Income from operations   26,470       23,165       52,426       38,568  
    Other income, net   773       4,056       2,980       7,188  
    Income before income taxes   27,243       27,221       55,406       45,756  
    Income tax expense   7,510       9,189       13,477       9,721  
    Net income $ 19,733     $ 18,032     $ 41,929     $ 36,035  
                   
    Net income per share              
    Basic $ 0.52     $ 0.49     $ 1.10     $ 0.97  
    Diluted $ 0.52     $ 0.48     $ 1.10     $ 0.96  
                   
    Weighted average common shares used to compute net income per share              
    Basic   37,965       37,078       37,978       37,063  
    Diluted   38,099       37,683       38,132       37,690  
     
    SPS COMMERCE, INC.
    CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
    (Unaudited; in thousands)
     
      Six Months Ended
    June 30,
        2025       2024  
    Cash flows from operating activities      
    Net income $ 41,929     $ 36,035  
    Reconciliation of net income to net cash provided by operating activities      
    Deferred income taxes   (5,914 )     (8,172 )
    Depreciation and amortization of property and equipment   9,948       9,377  
    Amortization of intangible assets   18,097       9,178  
    Provision for credit losses   4,111       3,646  
    Stock-based compensation   28,865       31,512  
    Other, net   274       (907 )
    Changes in assets and liabilities, net of effects of acquisitions      
    Accounts receivable   (13,713 )     (11,407 )
    Deferred costs   (412 )     (1,996 )
    Other assets and liabilities   (2,258 )     1,899  
    Accounts payable   2,082       (1,450 )
    Accrued compensation   (11,006 )     (10,763 )
    Accrued expenses   (1,833 )     1,489  
    Deferred revenue   3,012       5,965  
    Operating leases   (876 )     (900 )
    Net cash provided by operating activities   72,306       63,506  
    Cash flows from investing activities      
    Purchases of property and equipment   (12,815 )     (8,592 )
    Purchases of investments         (78,994 )
    Maturities of investments         105,000  
    Acquisition of business, net   (142,628 )     (29,343 )
    Net cash used in investing activities   (155,443 )     (11,929 )
    Cash flows from financing activities      
    Repurchases of common stock   (59,558 )     (37,483 )
    Net proceeds from exercise of options to purchase common stock   2,406       2,314  
    Net proceeds from employee stock purchase plan activity   5,426       5,219  
    Net cash used in financing activities   (51,726 )     (29,950 )
    Effect of foreign currency exchange rate changes   1,449       (476 )
    Net increase (decrease) in cash and cash equivalents   (133,414 )     21,151  
    Cash and cash equivalents at beginning of period   241,017       219,081  
    Cash and cash equivalents at end of period $ 107,603     $ 240,232  
     
    SPS COMMERCE, INC.
    NON-GAAP RECONCILIATIONS
    (Unaudited; in thousands, except Margin, Adjusted EBITDA Margin, and per share amounts)
     
    Adjusted EBITDA
      Three Months Ended
    June 30,
      Six Months Ended
    June 30,
        2025       2024       2025       2024  
    Net income $ 19,733     $ 18,032     $ 41,929     $ 36,035  
    Income tax expense   7,510       9,189       13,477       9,721  
    Depreciation and amortization of property and equipment   4,991       4,683       9,948       9,377  
    Amortization of intangible assets   9,509       4,840       18,097       9,178  
    Stock-based compensation expense   14,998       11,494       28,865       31,512  
    Realized gain from investments held and foreign currency impact on cash and investments   (107)       (1,255)       (473)       (1,559)  
    Investment income   (688)       (2,794)       (2,537)       (5,673)  
    Other   106             1,119        
    Adjusted EBITDA $ 56,052     $ 44,189     $ 110,425     $ 88,591  
    Adjusted EBITDA Margin
      Three Months Ended
    June 30,
      Six Months Ended
    June 30,
        2025       2024       2025       2024  
    Revenue $ 187,400     $ 153,596     $ 368,949     $ 303,172  
                                   
    Net income   19,733       18,032       41,929       36,035  
    Margin   11 %     12 %     11 %     12 %
                                   
    Adjusted EBITDA   56,052       44,189       110,425       88,591  
    Adjusted EBITDA Margin   30 %     29 %     30 %     29 %
    Non-GAAP Income per Share
      Three Months Ended
    June 30,
      Six Months Ended
    June 30,
        2025       2024       2025       2024  
    Net income $ 19,733     $ 18,032     $ 41,929     $ 36,035  
    Stock-based compensation expense   14,998       11,494       28,865       31,512  
    Amortization of intangible assets   9,509       4,840       18,097       9,178  
    Realized gain from investments held and foreign currency impact on cash and investments   (107 )     (1,255 )     (473 )     (1,559 )
    Other   106             1,119        
    Income tax effects of adjustments   (6,285 )     (3,066 )     (13,570 )     (12,620 )
    Non-GAAP income $ 37,954     $ 30,045     $ 75,967     $ 62,546  
                                   
    Shares used to compute net income and non-GAAP income per share                              
    Basic   37,965       37,078       37,978       37,063  
    Diluted   38,099       37,683       38,132       37,690  
                                   
    Net income per share, basic $ 0.52     $ 0.49     $ 1.10     $ 0.97  
    Non-GAAP adjustments to net income per share, basic   0.48       0.32       0.90       0.72  
    Non-GAAP income per share, basic $ 1.00     $ 0.81     $ 2.00     $ 1.69  
                                   
    Net income per share, diluted $ 0.52     $ 0.48     $ 1.10     $ 0.96  
    Non-GAAP adjustments to net income per share, diluted   0.48       0.32       0.89       0.70  
    Non-GAAP income per share, diluted $ 1.00     $ 0.80     $ 1.99     $ 1.66  

    The annual per share amounts may not cross-sum due to rounding.

    The MIL Network

  • MIL-OSI United Nations: Haitians in ‘despair’ following abrupt suspension of US humanitarian support

    Source: United Nations 2

    The cancellation of most US funding in January means many services to the most vulnerable people have been cut or put on hold.

    Multiple political, security and socio-economic crises have led to 5.7 million people suffering from a lack of food and have forced 1.3 million people to flee their homes.

    With a dramatic reduction in funding Haiti faces a crucial “turning point.”

    UN News spoke to OCHA’s country director, Modibo Traore, about the current situation.

    UN News: What is the current state of humanitarian funding in Haiti?

    Humanitarian funding in Haiti is going through a critical phase, marked by a growing gap between the needs and available resources. As of 1 July, only around 8 per cent of the $908 million required had been mobilized.

    This partial coverage only allows a fraction of the 3.6 million people targeted to be reached.

    © UNICEF/Maxime Le Lijour

    UN aid agencies continue to support Haitian people with humanitarian aid.

    The sectors most affected are food security, access to drinking water, primary healthcare, education and protection.

    This contraction in international support is part of a global context of multiple competing crises – Ukraine, Gaza, Sudan – but also reflects a loss of political interest in the Haitian issue.

    UN News: What conditions in Haiti have led to such significant funding needs?

    The growing humanitarian needs observed in Haiti are the result of an accumulation of structural and cyclical factors. On the socioeconomic front, multidimensional poverty affects a large part of the population.

    Haiti’s exposure to natural hazards is an aggravating factor.

    The country has experienced several major hurricanes that struck the southern region less than a week after an earthquake that severely affected the area, not to mention repeated droughts that have had a major impact on agriculture and livestock farming.

    © UNOCHA/Giles Clarke

    The downtown area of Port-au-Prince remains extremely dangerous due to gang activity.

    Since 2019, a new dimension has emerged; chronic insecurity caused by the proliferation of armed groups, particularly in the capital, Port-au-Prince, and now in the Centre and Artibonite departments.

    In 2024, the multidimensional crisis that has been shaking Haiti for years has become catastrophic.

    The level of violence and insecurity remains high, with devastating consequences for the population, including massive displacement of people who were already in vulnerable situations.

    UN News: How has the growing control of armed groups affected donor confidence?

    The rise of armed groups in Haiti and their increasing control of strategic locations, particularly major roads and ports of entry to the capital, is a major obstacle to the safe and efficient delivery of humanitarian aid.

    This dynamic has an impact on the risk perception of international donors, who now assess Haiti as a high-threat environment for intervention. Access to beneficiaries has become irregular in many areas.

    The deterioration of the security situation represents a major challenge for mobilizing and maintaining financial commitments.

    Donors have expressed concerns about operational risks, particularly regarding securing supply chains, preventing exploitation and ensuring accountability.

    The operational cost of aid has also increased.

    UN News: What is the impact of the new approach taken by the US administration?

    On 20 January, 2025, President Donald Trump signed Executive Order 14169, which imposed an immediate suspension of all new foreign funding by US federal agencies, including humanitarian programs run by USAID and multilateral partners.

    In the case of Haiti, the effects were felt through the sudden halt of approximately 80 per cent of US-funded programmes. NGO partner staff were laid off, payments were suspended, and supply chains were disrupted.

    © WFP/Theresa Piorr

    US food aid is prepared for delivery following floods in Haiti in 2022.

    Beyond the structural effects, this suspension created profound uncertainty in the Haitian humanitarian system. This situation not only weakened the continuity of essential services but also affected trust between beneficiary communities and humanitarian actors.

    UN News: To what extent is the current situation unprecedented?

    The year 2025 marks a turning point in humanitarian aid in Haiti. This crisis is not the result of a single or isolated event, but rather a series of deteriorating situations in the context of gradually waning international attention.

    The interruption of US programmes has acted as a catalyst for the crisis. USAID’s technical partners, many of whom managed community health programmes in vulnerable neighbourhoods, have ceased operations, depriving hundreds of thousands of people of vital services.

    US-co-funded health centres have closed, leaving pregnant women and children without assistance.

    The current crisis demonstrates the country’s growing isolation.

    While previous crises had prompted rapid international solidarity, the humanitarian response to the situation in 2025 has been slow and partial.

    UN News: What difficult decisions have had to be made regarding cutting aid?

    The interruption of funding has forced humanitarian organizations to make ethically complex and often painful trade-offs.

    In the area of protection, for example, safe spaces for women and girls have been drastically reduced.

    © MINUSTAH/Logan Abassi

    The long-term development of Haiti is at risk as funding decreases.

    Cash transfer programmes, widely used in urban areas since 2021, have also been suspended. These programmes enabled vulnerable households to maintain a minimum level of food security. Their suspension has led to a resurgence of coping mechanisms such as child labour, less food and children being taken out of school.

    Resilience-building activities have also been affected. Programmes combining food security, urban agriculture, and access to water—often co-financed by USAID and UN funds—have been frozen.

    This compromises not only the immediate response but also the development of medium-term solutions.

    UN News: How are Haitians being affected?

    Children are among the hardest hit. UNICEF and its partners have treated more than 4,600 children suffering from severe acute malnutrition, representing only 3.6 per cent of the 129,000 children expected to need treatment this year.

    The proportion of institutional maternal deaths has also increased from 250 to 350 per 100,000 live births between February 2022 and April 2025.

    © PAHO/WHO/David Lorens Mentor

    A survivor of rape rests at a site for internally displaced people in Port-au-Prince.

    In terms of security, the effects are equally worrying. Gender-based sexual violence (GBV) has increased in neighbourhoods controlled by armed groups.

    In short, the withdrawal of US funding has led to a multidimensional regression in the rights of women and girls in Haiti, with consequences that are likely to last for several years.

    UN News: How have people in Haiti reacted?

    Beneficiaries expressed a sense of despair at the sudden suspension of the services.

    In working-class neighbourhoods of Port-au-Prince as well as in remote rural areas, the cessation of food distributions, community healthcare, and cash transfers was experienced as a breach of the moral contract between communities and humanitarian institutions.

    Humanitarian partners communicate transparently about the reduction of support, so communities are, to some extent, aware of the financial constraints.

    MIL OSI United Nations News

  • MIL-OSI: Tenaris Announces 2025 Second Quarter Results

    Source: GlobeNewswire (MIL-OSI)

    The financial and operational information contained in this press release is based on unaudited consolidated condensed interim financial statements presented in U.S. dollars and prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standard Board and adopted by the European Union, or IFRS. Additionally, this press release includes non-IFRS alternative performance measures i.e., EBITDA, Free Cash Flow, Net cash / debt and Operating working capital days. See exhibit I for more details on these alternative performance measures.

    LUXEMBOURG, July 30, 2025 (GLOBE NEWSWIRE) — Tenaris S.A. (NYSE and Mexico: TS and EXM Italy: TEN) (“Tenaris”) today announced its results for the quarter ended June 30, 2025 in comparison with its results for the quarter ended June 30, 2024.

    Summary of 2025 Second Quarter Results

    (Comparison with first quarter of 2025 and second quarter of 2024)

      2Q 2025 1Q 2025 2Q 2024
    Net sales ($ million) 3,086 2,922 6% 3,322 (7%)
    Operating income ($ million) 583 550 6% 512 14%
    Net income ($ million) 542 518 5% 348 56%
    Shareholders’ net income ($ million) 531 507 5% 335 59%
    Earnings per ADS ($) 0.99 0.94 5% 0.59 68%
    Earnings per share ($) 0.50 0.47 5% 0.29 68%
    EBITDA* ($ million) 733 696 5% 650 13%
    EBITDA margin (% of net sales) 23.7% 23.8%   19.6%  

    * EBITDA in 2Q 2024 includes a $171 million loss from the provision for ongoing litigation related to the acquisition of a participation in Usiminas. If this charge was not included EBITDA would have amounted to $821 million, or 24.7% of sales.

    In the second quarter, our sales rose 6% sequentially reflecting an increase in North American OCTG prices and stable volumes. EBITDA and net income also rose. Margins remained in line with those of the previous quarter as cost of sales rose 5%, principally reflecting product mix differences and higher tariff payments.

    Our free cash flow for the quarter amounted to $538 million and, after spending $600 million on dividends and $237 million on share buybacks, our net cash position amounted to $3.7 billion at June 30, 2025.

    Market Background and Outlook

    Oil prices have softened as OPEC+ accelerates the unwinding of its 2.2 Mb/d voluntary production cuts and demand growth is subdued amidst a high level of economic and geopolitical uncertainty. Drilling activity, however, has remained relatively resilient, although there has been some reduction in oil drilling in the United States, Canada and Saudi Arabia. Mexico, with the recent financing of Pemex, may start to recover some activity after its extended decline. 

    Following the recent increase in tariffs on imports of steel products from 25% to 50%, we expect U.S. OCTG imports to reduce from the high levels of the first half and U.S. OCTG prices to increase over time. 

    For the second half, as anticipated in our last conference call, our sales will show a moderate decline compared to the first half reflecting lower drilling activity and a lower contribution from line pipe projects. Our margins will also be affected by the recent increase in tariff costs. 

    Analysis of 2025 Second Quarter Results

    Tubes

    The following table indicates, for our Tubes business segment, sales volumes of seamless and welded pipes for the periods indicated below:

    Tubes Sales volume (thousand metric tons) 2Q 2025 1Q 2025 2Q 2024
    Seamless 803 775 4% 805 0%
    Welded 179 212 (16%) 228 (21%)
    Total 982 987 (1%) 1,033 (5%)
               

    The following table indicates, for our Tubes business segment, net sales by geographic region, operating income and operating income as a percentage of net sales for the periods indicated below:

    Tubes 2Q 2025 1Q 2025 2Q 2024
    (Net sales – $ million)          
    North America 1,403 1,244 13% 1,439 (2%)
    South America 531 552 (4%) 599 (11%)
    Europe 215 208 3% 269 (20%)
    Asia Pacific, Middle East and Africa 771 761 1% 823 (6%)
    Total net sales ($ million) 2,920 2,765 6% 3,130 (7%)
    Services performed on third party tubes ($ million) 110 101 8% 102 7%
    Operating income ($ million) 554 514 8% 459 21%
    Operating margin (% of sales) 19.0% 18.6%   14.7%  
               

    Net sales of tubular products and services increased 6% sequentially and decreased 7% year on year. Sequentially, a 1% decline in volumes sold was offset by a 6% increase in average selling prices. In North America sales increased due to higher OCTG prices in the region and higher shipments to the US offshore. In South America sales decreased following a reduction in shipments to the Raia offshore project in Brazil compensated by the start of shipments for the Vaca Muerta Sur pipeline in Argentina and higher coating services in the Caribbean. In Europe sales were stable sequentially however year on year we had lower sales of offshore line pipe. In Asia Pacific, Middle East and Africa sales were stable as we had lower sales in Saudi Arabia, compensated by higher sales of offshore line pipe and coating services in sub-Saharan Africa and for a gas processing plant in Algeria.

    Operating results from tubular products and services amounted to a gain of $554 million in the second quarter of 2025 compared to a gain of $514 million in the previous quarter and a gain of $459 million in the second quarter of 2024. Despite the increase in average selling prices margins remained in line with those of the previous quarter as cost of sales rose 5%, principally reflecting product mix differences and higher tariff payments.

    Others

    The following table indicates, for our Others business segment, net sales, operating income and operating income as a percentage of net sales for the periods indicated below:

    Others 2Q 2025 1Q 2025 2Q 2024
    Net sales ($ million) 166 157 6% 192 (14%)
    Operating income ($ million) 29 36 (21%) 52 (45%)
    Operating margin (% of sales) 17.3% 23.1%   27.3%  
               

    Net sales of other products and services increased 6% sequentially and decreased 14% year on year. Sequentially, sales increased mainly due to higher sales of oilfield services in Argentina, excess raw materials and energy sold to third parties which had a lower margin.

    Selling, general and administrative expenses, or SG&A, amounted to $484 million, or 15.7% of net sales, in the second quarter of 2025, compared to $457 million, 15.6% in the previous quarter and $497 million, 15.0% in the second quarter of 2024. Sequentially, the increase in SG&A is mainly due to higher services and fees, taxes, and other expenses.

    Other operating results amounted to a loss of $6 million in the second quarter of 2025, compared to a gain of $6 million in the previous quarter and a $170 million loss in the second quarter of 2024. In the second quarter of 2024 we recorded a $171 million loss from provision for ongoing litigation related to the acquisition of a participation in Usiminas.

    Financial results amounted to a gain of $32 million in the second quarter of 2025, compared to a gain of $35 million in the previous quarter and a gain of $57 million in the second quarter of 2024. Financial result of the quarter is mainly attributable to a $54 million net finance income from the net return of our portfolio investments partially offset by foreign exchange and derivatives results.

    Equity in earnings (losses) of non-consolidated companies generated a gain of $33 million in the second quarter of 2025, compared to a gain of $14 million in the previous quarter and a loss of $83 million in the second quarter of 2024. These results are mainly derived from our participation in Ternium (NYSE:TX) and in the second quarter of 2024 were negatively affected by an $83 million loss from the provision for ongoing litigation related to the acquisition of a participation in Usiminas on our Ternium investment.

    Income tax charge amounted to $105 million in the second quarter of 2025, compared to $81 million in the previous quarter and $138 million in the second quarter of 2024. Sequentially, the higher income tax charge reflects better results at several subsidiaries.

    Cash Flow and Liquidity of 2025 Second Quarter

    Net cash generated by operating activities during the second quarter of 2025 was $673 million, compared to $821 million in the previous quarter and $0.9 billion in the second quarter of 2024. During the second quarter of 2025 cash generated by operating activities includes a net working capital reduction of $26 million.

    With capital expenditures of $135 million, our free cash flow amounted to $538 million during the quarter. Following a dividend payment of $600 million and share buybacks of $237 million in the quarter, our net cash position amounted to $3.7 billion at June 30, 2025.

    Analysis of 2025 First Half Results

      6M 2025 6M 2024 Increase/(Decrease)
    Net sales ($ million) 6,008 6,763 (11%)
    Operating income ($ million) 1,133 1,323 (14%)
    Net income ($ million) 1,060 1,098 (4%)
    Shareholders’ net income ($ million) 1,038 1,072 (3%)
    Earnings per ADS ($) 1.94 1.87 4%
    Earnings per share ($) 0.97 0.93 4%
    EBITDA* ($ million) 1,429 1,637 (13%)
    EBITDA margin (% of net sales) 23.8% 24.2%  

    * EBITDA in 6M 2024 includes a $171 million loss from the provision for ongoing litigation related to the acquisition of a participation in Usiminas. If this charge was not included EBITDA would have amounted to $1,808 million, or 26.7% of sales.

    Our sales in the first half of 2025 decreased 11% compared to the first half of 2024 as volumes of tubular products shipped decreased 5% and tubes average selling prices decreased 7% due to price declines in North America. Following the decrease in sales, EBITDA margin declined from 26.7%, excluding a $171 million provision, to 23.8% and EBITDA declined 21%. While net income declined 4% year on year, earnings per share increased 4% following the reduction of outstanding shares due to the share buyback.

    Cash flow provided by operating activities amounted to $1.5 billion during the first half of 2025, including a reduction in working capital of $250 million. After capital expenditures of $309 million, our free cash flow amounted to $1.2 billion. Following a dividend payment of $600 million and share buybacks for $474 million in the semester, our net cash position amounted to $3.7 billion at the end of June 2025.

    The following table shows our net sales by business segment for the periods indicated below:

    Net sales ($ million) 6M 2025 6M 2024 Increase/(Decrease)
    Tubes 5,686 95% 6,421 95% (11%)
    Others 322 5% 342 5% (6%)
    Total 6,008   6,763   (11%)
               

    Tubes

    The following table indicates, for our Tubes business segment, sales volumes of seamless and welded pipes for the periods indicated below:

    Tubes Sales volume (thousand metric tons) 6M 2025 6M 2024 Increase/(Decrease)
    Seamless 1,578 1,582 0%
    Welded 390 496 (21%)
    Total 1,969 2,078 (5%)
           

    The following table indicates, for our Tubes business segment, net sales by geographic region, operating income and operating income as a percentage of net sales for the periods indicated below:

    Tubes 6M 2025 6M 2024 Increase/(Decrease)
    (Net sales – $ million)      
    North America 2,647 3,028 (13%)
    South America 1,083 1,216 (11%)
    Europe 423 522 (19%)
    Asia Pacific, Middle East and Africa 1,532 1,656 (7%)
    Total net sales ($ million) 5,686 6,421 (11%)
    Services performed on third parties tubes ($ million) 211 294 (28%)
    Operating income ($ million) 1,068 1,245 (14%)
    Operating margin (% of sales) 18.8% 19.4%  
           

    Net sales of tubular products and services decreased 11% to $5,686 million in the first half of 2025, compared to $6,421 million in the first half of 2024 due to a 5% decrease in volumes and a 7% decrease in average selling prices due to price declines in North America. Average drilling activity in the first half of 2025 decreased 4% in the United States and Canada and 7% internationally compared to the first half of 2024.

    Operating results from tubular products and services amounted to a gain of $1,068 million in the first half of 2025 compared to a gain of $1,245 million in the first half of 2024. In first six months of 2024 our Tubes operating income included a $171 million charge for litigations related to the acquisition of a participation in Usiminas and a $39 million gain from the positive resolution of legal claims in Mexico and Brazil. The decline in operating results is mainly due to the decline in average selling prices and the corresponding impact on margins.

    Others

    The following table indicates, for our Others business segment, net sales, operating income and operating income as a percentage of net sales for the periods indicated below:

    Others 6M 2025 6M 2024 Increase/(Decrease)
    Net sales ($ million) 322 342 (6%)
    Operating income ($ million) 65 78 (17%)
    Operating margin (% of sales) 20.2% 23.0%  
           

    Net sales of other products and services decreased 6% to $322 million in the first half of 2025, compared to $342 million in the first half of 2024. The decline in sales is related to lower sales of sucker rods, coiled tubing and excess raw materials, partially offset by an increase in the sale of oilfield services in Argentina.

    Operating results from other products and services amounted to a gain of $65 million in the first half of 2025, compared to a gain of $78 million in the first half of 2024. Results were mainly derived from our oilfield services business in Argentina and from the sale of sucker rods.

    Selling, general and administrative expenses, or SG&A, declined from $1,005 million in the first half of 2024 to $941 million in the first half of 2025, however they increased from 14.9% to 15.7% of sales. The decline in SG&A expenses is mainly due to lower taxes, labor costs and depreciation and amortization.

    Other operating results amounted to a loss of $50 thousand in the first half of 2025, compared to a loss of $157 million in the first half of 2024. In the first six months of 2024 we recorded a $171 million loss from provision for ongoing litigation related to the acquisition of a participation in Usiminas.

    Financial results amounted to a gain of $67 million in the first half of 2025, compared to a gain of $32 million in the first half of 2024. While net finance income increased in the first six months of 2025 due to a stronger net financial position, foreign exchange results were negative, compared to the positive impact recorded in the same period of 2024. In the first half of 2024 other financial results were negatively affected by a cumulative loss of the U.S. dollar denominated Argentine bond previously recognized in other comprehensive income.

    Equity in earnings (losses) of non-consolidated companies generated a gain of $47 million in the first half of 2025, compared to a loss of $34 million in the first half of 2024. These results were mainly derived from our equity investment in Ternium (NYSE:TX) and in the first six months of 2024 were negatively affected by an $83 million loss from the provision for ongoing litigation related to the acquisition of a participation in Usiminas on our Ternium investment.

    Income tax amounted to a charge of $187 million in the first half of 2025, compared to $223 million in the first half of 2024. The lower income tax charge reflects the reduction in results at several subsidiaries.

    Cash Flow and Liquidity of 2025 First Half

    Net cash provided by operating activities during the first half of 2025 amounted to $1.5 billion (including a reduction in working capital of $250 million), compared to cash provided by operations of $1.8 billion (net of a reduction in working capital of $276 million) in the first half of 2024.

    Capital expenditures amounted to $309 million in the first half of 2025, compared to $333 million in the first half of 2024. Free cash flow amounted to $1.2 billion in the first half of 2025, compared to $1.5 billion in the first half of 2024.

    Following a dividend payment of $600 million in May 2025 and share buybacks of $474 million during the first half of 2025, our net cash position amounted to $3.7 billion at the end of June 2025.

    Conference call

    Tenaris will hold a conference call to discuss the above reported results, on July 31, 2025, at 08:00 a.m. (Eastern Time). Following a brief summary, the conference call will be opened to questions.

    To listen to the conference please join through one of the following options:
    ir.tenaris.com/events-and-presentations or
    https://edge.media-server.com/mmc/p/dy4pxaxk

    If you wish to participate in the Q&A session please register at the following link:
    https://register-conf.media-server.com/register/BI13b7d2b9dcce43d79257fc8cfbdde30c

    Please connect 10 minutes before the scheduled start time.

    A replay of the conference call will also be available on our webpage at: ir.tenaris.com/events-and-presentations

    Some of the statements contained in this press release are “forward-looking statements”. Forward-looking statements are based on management’s current views and assumptions and involve known and unknown risks that could cause actual results, performance or events to differ materially from those expressed or implied by those statements. These risks include but are not limited to risks arising from uncertainties as to future oil and gas prices and their impact on investment programs by oil and gas companies.

    Consolidated Condensed Interim Income Statement

    (all amounts in thousands of U.S. dollars) Three-month period ended June 30, Six-month period ended June 30,
      2025 2024 2025 2024
      (Unaudited) (Unaudited)
    Net sales 3,085,672 3,321,677 6,007,884 6,763,221
    Cost of sales (2,013,639) (2,143,614) (3,934,494) (4,277,666)
    Gross profit 1,072,033 1,178,063 2,073,390 2,485,555
    Selling, general and administrative expenses (483,633) (496,688) (940,698) (1,004,820)
    Other operating income 4,317 9,461 16,105 25,485
    Other operating expenses (9,983) (179,127) (16,150) (182,847)
    Operating income 582,734 511,709 1,132,647 1,323,373
    Finance Income 63,669 68,884 142,113 125,173
    Finance Cost (9,712) (15,722) (21,457) (36,305)
    Other financial results, net (22,294) 4,021 (53,735) (56,447)
    Income before equity in earnings of non-consolidated companies and income tax 614,397 568,892 1,199,568 1,355,794
    Equity in earnings (losses) of non-consolidated companies 32,651 (82,519) 46,686 (34,340)
    Income before income tax 647,048 486,373 1,246,254 1,321,454
    Income tax (105,342) (138,147) (186,684) (223,003)
    Income for the period 541,706 348,226 1,059,570 1,098,451
             
    Attributable to:        
    Shareholders’ equity 531,323 335,186 1,038,254 1,072,166
    Non-controlling interests 10,383 13,040 21,316 26,285
      541,706 348,226 1,059,570 1,098,451
     

    Consolidated Condensed Interim Statement of Financial Position

    (all amounts in thousands of U.S. dollars) At June 30, 2025 At December 31, 2024
      (Unaudited)  
    ASSETS        

    Non-current assets

           
    Property, plant and equipment, net 6,168,254   6,121,471  
    Intangible assets, net 1,362,262   1,357,749  
    Right-of-use assets, net 147,197   148,868  
    Investments in non-consolidated companies 1,575,101   1,543,657  
    Other investments 1,009,677   1,005,300  
    Deferred tax assets 835,954   831,298  
    Receivables, net 152,215 11,250,660 205,602 11,213,945

    Current assets

           
    Inventories, net 3,486,537   3,709,942  
    Receivables and prepayments, net 244,958   179,614  
    Current tax assets 415,626   332,621  
    Contract assets 60,182   50,757  
    Trade receivables, net 1,892,116   1,907,507  
    Derivative financial instruments 2,676   7,484  
    Other investments 2,482,514   2,372,999  
    Cash and cash equivalents 572,289 9,156,898 675,256 9,236,180
    Total assets   20,407,558   20,450,125

    EQUITY

           
    Shareholders’ equity   16,583,542   16,593,257
    Non-controlling interests   211,117   220,578
    Total equity   16,794,659   16,813,835

    LIABILITIES

           

    Non-current liabilities

           
    Borrowings 4,361   11,399  
    Lease liabilities 94,170   100,436  
    Derivative financial instruments 1,552    
    Deferred tax liabilities 472,640   503,941  
    Other liabilities 296,990   301,751  
    Provisions 61,746 931,459 82,106 999,633

    Current liabilities

           
    Borrowings 319,919   425,999  
    Lease liabilities 53,917   44,490  
    Derivative financial instruments 9,254   8,300  
    Current tax liabilities 298,803   366,292  
    Other liabilities 792,982   585,775  
    Provisions 156,387   119,344  
    Customer advances 139,751   206,196  
    Trade payables 910,427 2,681,440 880,261 2,636,657

    Total liabilities

      3,612,899   3,636,290
    Total equity and liabilities   20,407,558   20,450,125
     

    Consolidated Condensed Interim Statement of Cash Flows

    (all amounts in thousands of U.S. dollars)   Three-month period ended June 30, Six-month period ended June 30,
        2025 2024 2025 2024
        (Unaudited) (Unaudited)
    Cash flows from operating activities          
    Income for the period   541,706 348,226 1,059,570 1,098,451
    Adjustments for:          
    Depreciation and amortization   150,002 138,509 296,408 313,951
    Bargain purchase gain   (2,211) (2,211)
    Provision for the ongoing litigation related to the acquisition of participation in Usiminas   8,650 170,610 18,527 170,610
    Income tax accruals less payments   (36,660) (84,340) (90,793) (113,562)
    Equity in earnings (losses) of non-consolidated companies   (32,651) 82,519 (46,686) 34,340
    Interest accruals less payments, net   (4,616) (14,573) (13,039) (2,635)
    Changes in provisions   628 (6,277) (1,765) (4,732)
    Changes in working capital   26,499 285,066 250,316 275,518
    Others, including net foreign exchange   19,589 17,672 21,609 52,448
    Net cash provided by operating activities   673,147 935,201 1,494,147 1,822,178
               
    Cash flows from investing activities          
    Capital expenditures   (135,454) (161,318) (309,292) (333,415)
    Changes in advances to suppliers of property, plant and equipment   (18,769) (13,467) (5,853) (10,515)
    Cash decrease due to deconsolidation of subsidiaries   (1,848) (1,848)
    Acquisition of subsidiaries, net of cash acquired   25,946 25,946
    Loan to joint ventures   (1,391) (1,359) (2,745)
    Proceeds from disposal of property, plant and equipment and intangible assets   56,829 723 57,729 6,135
    Dividends received from non-consolidated companies   41,348 53,136 41,348 53,136
    Changes in investments in securities   94,299 (277,085) (131,337) (1,036,752)
    Net cash used in investing activities   36,405 (373,456) (350,612) (1,298,210)
               
    Cash flows from financing activities          
    Dividends paid   (600,317) (458,556) (600,317) (458,556)
    Dividends paid to non-controlling interest in subsidiaries   (27,264) (27,264)
    Changes in non-controlling interests   (5) 1,115
    Acquisition of treasury shares   (236,744) (492,322) (473,932) (803,386)
    Payments of lease liabilities   (15,392) (16,614) (30,047) (33,382)
    Proceeds from borrowings   128,874 365,149 476,443 1,195,096
    Repayments of borrowings   (145,831) (418,521) (574,956) (1,172,599)
    Net cash used in financing activities   (896,674) (1,020,869) (1,230,073) (1,271,712)
               
    Decrease in cash and cash equivalents   (187,122) (459,124) (86,538) (747,744)
               
    Movement in cash and cash equivalents          
    At the beginning of the period   758,952 1,323,056 660,798 1,616,597
    Effect of exchange rate changes   (338) (15,237) (2,768) (20,158)
    Decrease in cash and cash equivalents   (187,122) (459,124) (86,538) (747,744)
    At June 30,   571,492 848,695 571,492 848,695
     

    Exhibit I – Alternative performance measures

    Alternative performance measures should be considered in addition to, not as substitute for or superior to, other measures of financial performance prepared in accordance with IFRS.

    EBITDA, Earnings before interest, tax, depreciation and amortization.

    EBITDA provides an analysis of the operating results excluding depreciation and amortization and impairments, as they are recurring non-cash variables which can vary substantially from company to company depending on accounting policies and the accounting value of the assets. EBITDA is an approximation to pre-tax operating cash flow and reflects cash generation before working capital variation. EBITDA is widely used by investors when evaluating businesses (multiples valuation), as well as by rating agencies and creditors to evaluate the level of debt, comparing EBITDA with net debt.

    EBITDA is calculated in the following manner:

    EBITDA = Net income for the period + Income tax charges +/- Equity in Earnings (losses) of non-consolidated companies +/- Financial results + Depreciation and amortization +/- Impairment charges/(reversals).

    EBITDA is a non-IFRS alternative performance measure.

    (all amounts in thousands of U.S. dollars) Three-month period ended June 30, Six-month period ended June 30,
      2025 2024 2025 2024
    Income for the period 541,706 348,226 1,059,570 1,098,451
    Income tax charge 105,342 138,147 186,684 223,003
    Equity in earnings (losses) of non-consolidated companies (32,651) 82,519 (46,686) 34,340
    Financial Results (31,663) (57,183) (66,921) (32,421)
    Depreciation and amortization 150,002 138,509 296,408 313,951
    EBITDA 732,736 650,218 1,429,055 1,637,324
             

    Free Cash Flow

    Free cash flow is a measure of financial performance, calculated as operating cash flow less capital expenditures. FCF represents the cash that a company is able to generate after spending the money required to maintain or expand its asset base.

    Free cash flow is calculated in the following manner:

    Free cash flow = Net cash (used in) provided by operating activities – Capital expenditures.

    Free cash flow is a non-IFRS alternative performance measure.

    (all amounts in thousands of U.S. dollars) Three-month period ended June 30, Six-month period ended June 30,
      2025 2024 2025 2024
    Net cash provided by operating activities 673,147 935,201 1,494,147 1,822,178
    Capital expenditures (135,454) (161,318) (309,292) (333,415)
    Free cash flow 537,693 773,883 1,184,855 1,488,763
             

    Net Cash / (Debt)

    This is the net balance of cash and cash equivalents, other current investments and fixed income investments held to maturity less total borrowings. It provides a summary of the financial solvency and liquidity of the company. Net cash / (debt) is widely used by investors and rating agencies and creditors to assess the company’s leverage, financial strength, flexibility and risks.

    Net cash/ debt is calculated in the following manner:

    Net cash = Cash and cash equivalents + Other investments (Current and Non-Current)+/- Derivatives hedging borrowings and investments – Borrowings (Current and Non-Current).

    Net cash/debt is a non-IFRS alternative performance measure.

    (all amounts in thousands of U.S. dollars) At June 30,
      2025 2024
    Cash and cash equivalents 572,289 850,236
    Other current investments 2,482,514 2,452,375
    Non-current investments 1,002,523 1,120,834
    Derivatives hedging borrowings and investments (3,698)
    Current borrowings (319,919) (559,517)
    Non-current borrowings (4,361) (21,386)
    Net cash / (debt) 3,729,348 3,842,542
         

    Operating working capital days

    Operating working capital is the difference between the main operating components of current assets and current liabilities. Operating working capital is a measure of a company’s operational efficiency, and short-term financial health.

    Operating working capital days is calculated in the following manner:

    Operating working capital days = [(Inventories + Trade receivables – Trade payables – Customer advances) / Annualized quarterly sales ] x 365.

    Operating working capital days is a non-IFRS alternative performance measure.

    (all amounts in thousands of U.S. dollars) At June 30,
      2025 2024
    Inventories 3,486,537 3,834,623
    Trade receivables 1,892,116 2,185,425
    Customer advances (139,751) (298,158)
    Trade payables (910,427) (1,020,453)
    Operating working capital 4,328,475 4,701,437
    Annualized quarterly sales 12,342,688 13,286,708
    Operating working capital days 128 129
     

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

    The MIL Network

  • MIL-OSI United Nations: Sudan gripped by deadly crisis as hunger, disease and heat intensify

    Source: United Nations 2

    In El Fasher, the capital of North Darfur that has been under siege for 15 months, the catastrophic humanitarian situation is worsening. Food shortages and soaring prices have forced community-run kitchens to shut down. Widespread hunger and malnutrition have reportedly caused several deaths and driven some residents to eat animal feed.

    In the Tawila locality of North Darfur, humanitarian organizations have had to strengthen their responses to rising cholera cases. They have expanded the capacities of treatment centres, but needs remain dire. With medical supplies running low, clean water supplies and the construction of latrines are urgent necessities.

    In East Darfur state, the Lagawa displacement site, hosting over 7,000 people, is facing severe food shortages and repeated armed attacks. Doctors are warning that the ongoing conflict continues to block the delivery of aid, so vulnerable families are left without access to food or healthcare.

    Extreme heat and torrential rains

    Meanwhile, floods and storms are displacing families and destroying homes across the country.  

    In the Rahad locality of North Kordofan state, heavy rains on Monday displaced around 550 people and damaged or destroyed more than 170 homes.

    Torrential rains in the eastern state of Kasssala have devastated the Gharb Almatar displacement site, affecting more than 6,000 people. Many tents were flooded, exposing children to cold, hunger and unsanitary conditions. Displaced families urgently need cash assistance, shelter and protection.

    In the coastal city of Port Sudan, extreme heat continues to endanger lives, with three reported deaths and 50 cases of sunstroke this week amid soaring temperatures and widespread power outages.  

    As temperatures reach 47 degrees Celsius (116.6 degrees Fahrenheit), overwhelmed hospitals are prompting health workers to call for urgent support, including cooling equipment, medical supplies and personnel.

    Call for increased funding

    With these crises compounding, international support is desperately needed. The 2025 response plan, which seeks $4.2 billion to assist 21 million of the most vulnerable people across Sudan, is only 23 per cent funded to date.

    OCHA once again calls on international donors to scale up funding for the response. 

    MIL OSI United Nations News

  • MIL-OSI United Nations: World News in Brief: Violence in Somalia, cholera in Haiti, tax support for sustainable development

    Source: United Nations MIL OSI

    Clashes intensified in the town of Mahas in the Hiraan region, Hirshabelle state, on 26 July forcing the entire population – over 28,000 people – to flee their homes. 

    Another 38,000 people were displaced in the Gedo region, Jubaland state, between 23 and 26 July, some of whom crossed into Kenya. 

    Security concerns have forced seven health facilities in the Hiraan region to suspend operations, leaving thousands of people without essential healthcare and emergency services. Humanitarian access also has been restricted, particularly in areas that were already hard to reach.  

    OCHA noted that only a limited number of aid partners are able to operate in these locations given the insecurity as well as financial constraints. Meanwhile, affected communities urgently need shelter, food, clean water, healthcare and protection. 

    The situation is unfolding as aid agencies grapple with severe funding cuts. A $1.4 billion humanitarian plan for Somalia this year is around 16 per cent funded, with $229 million received to date.

    Cholera haunts displaced families in Haiti

    Cholera continues to impact the fragile public health system in Haiti, particularly in sites hosting displaced people where there is limited access to safe water and sanitation.

    The Caribbean country is confronting multiple political, security and socio-economic crises, including rampant gang activity mainly in the capital, Port-au-Prince.  

    The UN World Health Organization (WHO) said that between 13 and 19 July, 34 new suspected cholera cases were reported across six of the nation’s 10 departments. Most were linked to displacement sites. 

    Five active transmission hotspots have been identified, including in Port-au-Prince and in the northern regions. 

    Since December 2024, over 2,800 suspected cholera cases have been recorded across Haiti, with 91 laboratory-confirmed cases and 36 fatalities. 

    Despite funding shortfalls, UN humanitarian partners continue to carry out key cholera prevention and response activities. 

    Families in Artibonite department received water purification tablets and oral rehydration salt, for example, while partners in central Haiti have installed handwashing stations and scaled up community outreach. 

    Experts to help countries create tax policies that advance sustainable development

    Secretary-General António Guterres has appointed 25 experts to a UN committee to help countries design tax policies that advance their social, environmental and economic development objectives. 

    The UN Committee of Experts on International Cooperation in Tax Matters supports governments in navigating complex policy trade-offs.  Its work provides countries with practical options and tools based on real-world experiences from tax systems across the globe. 

    The 25 experts, who will serve for the 2025-2029 term, have diverse expertise in tax policy design and administration, as well as international tax cooperation. 

    They represent various geographical regions and tax systems, and the majority are women, reflecting the UN’s commitment to strengthening inclusivity in tax leadership. 

    MIL OSI United Nations News

  • MIL-OSI Canada: Remarks by the Minister of Foreign Affairs, Anita Anand at the Ministerial Conference on the Peaceful Settlement of the Question of Palestine and the Implementation of the Two-State Solution

    Source: Government of Canada News

    July 28, 2025
    New York, New York

    Check against delivery

    Excellencies, distinguished delegates, honoured colleagues.

    The Palestinian question is at the heart of any hope for long-term stability in the Middle East.

    Despite the complexity of the situation, our collective presence here today reflects strong international support for a negotiated solution.

    One that ensures Palestinian self-determination and Israeli security.

    And one that charts a path toward lasting regional peace and prosperity.

    As article 1 of the UN Declaration of Human Rights states: “All human beings are born free and equal in dignity and rights.”

    Canada remains firmly committed to a two-state solution: an independent, viable and sovereign Palestinian state living side by side with Israel in peace and security.

    Canada supports the Palestinian people’s right to self-determination.

    And we endorse the principle of Palestinian statehood.

    We shall continue to discuss with the Palestinian Authority the next steps in our relationship.

    A workable Palestinian state needs legitimate, democratic governance that serves all Palestinian people.

    Crucially important is the Palestinian Authority’s commitment to undertake the comprehensive reforms necessary to govern Gaza and the West Bank.

    To that end, today Canada is pledging an additional $10 million this year to accelerate reform and capacity building for the Palestinian Authority.

    Canada’s commitment to a two-state solution is rooted in our desire to see the Palestinian people living with freedom and dignity AND to see Israelis live in peace and security.

    In this light, this path is not only the most just course, it is the only sustainable one.

    In Gaza, the humanitarian situation is catastrophic.

    Multitudes of Palestinians are dying of starvation, being killed trying to access food and water or are in military operations that have resulted in mass casualties. And those who survive are at risk of preventable disease and death.

    This is unacceptable.

    We condemn the continued detention of hostages held captive by Hamas since 7 October, 2023, and call for their immediate and unconditional release.

    Hamas is a terrorist organization, and it must immediately and unconditionally release all hostages.

    Hamas can have no role in Gaza’s future governance.

    Israel’s right to live in peace and security with its neighbours has long been, and continues to be, a key principle of Canada’s Middle East policy.

    I believe this right must be recognized by all partners who are committed to peace.

    To this principle must be joined our shared commitment to Palestine’s right to live in peace and security.

    Joined by international partners, Canada also recently condemned the ongoing civilian suffering:

    • We condemn the inhumane killing of civilians, including children.
    • We condemn the ongoing expansion of settlements and settler violence in the West Bank.
    • And we condemn the forced displacement of the Palestinians population.

    The actions outlined just now are all violations of international humanitarian law.

    We urge all partners to continue to support a principled response through non-governmental humanitarian organizations—organizations with proven capacity to deliver humanitarian assistance at scale.

    Canada has committed more than $315 million in humanitarian aid to Gaza—making us the third-largest bilateral donor in response to this crisis.

    This includes:

    • Support to the World Food Programme to address critical food assistance needs.
    • Support to the International Committee of the Red Cross [and] Red Crescent to provide emergency medical care and protection.
    • Support to UNICEF to deliver urgent nutritional supplies to malnourished children.
    • And support to other experienced humanitarian partners and NGOs.

    Announcement

    Today, given the ongoing and urgent need, Canada is announcing an additional $30 million in new money this year for those in Gaza.

    This funding will allow more aid to be prepositioned in the region and ready to be delivered at scale as soon as logistically possible.

    For this critical aid to reach those in need, humanitarian partners must be granted safe and unhindered access to civilians in Gaza.

    But how do we get to a place where recovery and healing can begin?

    Canada sees this conference as a reaffirmation of principles—and a call to action.

    A lasting political solution requires a permanent ceasefire to begin the hard work of rebuilding institutions, restoring trust and the conditions for a viable two-state solution.

    [In this regard, Canada commends the efforts of Qatar, Egypt and the United States in looking to secure a ceasefire.]

    No durable solution can emerge without all parties at the table.

    Until that time, and after a ceasefire, the Government of Canada will be present with humanitarian aid and will play a leading role in building bridges to more and more aid for Gaza with international partners.

    MIL OSI Canada News

  • MIL-OSI USA: Durbin Questions Judicial Nominees During Senate Judiciary Committee Hearing

    US Senate News:

    Source: United States Senator for Illinois Dick Durbin

    July 30, 2025

    Durbin’s questions provided the nominees a chance to clarify their controversial positions and past remarks before the Committee

    WASHINGTON – U.S. Senate Democratic Whip Dick Durbin (D-IL), Ranking Member of the Senate Judiciary Committee, today questioned witnesses during a Senate Judiciary Committee hearing on the nominations of Joshua Dale Dunlap, nominated to be a United States Circuit Judge for the First Circuit; Eric Chunyee Tung, nominated to be a United States Circuit Judge for the Ninth Circuit; William Walter Mercer, nominated to be a United States District Judge for the District of Montana; and Stephen Chad Meredith, nominated to be a United States District Judge for the Eastern District of Kentucky.

     

    Durbin first asked Mr. Tung to clarify his commentary on gender roles and LGBTQ+ rights. Just months ago, in remarks for a Federalist Society event, Mr. Tung defended originalism and wrote, “Whether there’s a constitutional right to abortion, same-sex marriage, sodomy, pornography, transgender procedures — the answer for the originalist is simple: No.”

     

    “You seem to be questioning landmark Supreme Court decisions like Lawrence v. Texas and Obergefell [v. Hodges.] Let me ask you point blank: do you believe there’s a constitutional right formarriage for same-sex couples?” Durbin asked.

    Mr. Tung responded only that if confirmed as a circuit judge, he would “be bound” by the precedent in the Supreme Court’s ruling.

     

    “What do you believe now [in regard to gender roles?]” Durbin asked.

     

    Mr. Tung dodged the question by stating that he could not comment on “live issues” as a judicial nominee.”

     

    Durbin responded, “See that is where we run into problems. When we get down to basic values and positions, we know what he [wrote] years ago. I asked him what he believes today, and he tells me he can’t tell me the answer because he is possibly going to be on the bench. So, it’s very difficult to really understand where you stand on this situation.”

     

    Durbin then asked Mr. Dunlap about minors’ abortion rights. In March 2015, Mr. Dunlap submitted written testimony to the Maine Legislature in support of a bill that would have made it more difficult forminors and incapacitated people to access abortions. The bill he supported sought to change Maine law which does not require minors to obtain the consent of a parent or guardian before having an abortion.

     

    “Should a minor who is sexually assaulted or a victim of incest be forced to give birth if her parents do not consent to her having an abortion? Durbin asked.

    Mr. Dunlap would not directly answer but claimed that his own views would not be relevant if he is confirmed to the bench and that he would “faithfully” abide by binding precedent.

     

    “Let me ask you: are you saying what you said [in] March 2015 is the same position you hold today or a different one?” Durbin asked.

     

    Mr. Dunlap again said his personal views are not applicable if confirmed as a judge.

     

    What about Obergefell? Durbin asked.

    Mr. Dunlap responded, “that would be binding precedent should I be confirmed.”

     

    Durbin then asked Mr. Tung about his affiliation with Mike Davis, the president of the right-wing Article III Project. According to public reporting, Mr. Davis has played a key role in advising President Trump on judicial nominations during his second term.

     

    “Is he [Mike Davis] your friend?” Durbin asked.

     

    To which Mr. Tung replied that they are friends.

     

    “Have you had any conversations regarding your nomination before President Trump announced it on July 2? Durbin asked.

     

    “Just simply that it happened, Senator,” Mr. Tung responded.

     

    Durbin then asked about Mr. Davis’s overtly racist remarks. In an October 2023 social media post, Mr. Davis wrote “[t]he violent Black underclass is a danger to America” and “[t]hese monsters will kill.”

     

    “Do you condemn this offensive statement by Mr. Davis?” Durbin asked.

     

    Mr. Tung refused to fully condemn the statement and instead said only that Mr. Davis’s comments “are not necessarily my views.”

     

    Video of Durbin’s first round of questions in Committee is available here.

    Audio of Durbin’s first round of questions in Committee is available here.

    Footage of Durbin’s first round of questions in Committee is available here for TV Stations.

     

    During the second round of questions, Durbin asked Mr. Mercer about his views of January 6 defendants.

     

    “What is your reaction to the full and unconditional pardon of the January 6 defendants by President Trump?” Durbin asked.

    Mr. Mercer refused to answer the question and instead said the judiciary has no involvement with the pardon power.

    Durbin then asked Mr. Meredith about his anti-choice record. Beginning in 2017, Mr. Meredith defended Kentucky law that required doctors to present certain information to patients before performing an abortion procedure. As part of his defense of that law, he stated, “not every patient understands the consequences of an abortion procedure.”

     

    “Do you believe that female patients are less likely or less able to understand medical advice than male patients? Durbin asked.

    Mr. Meredith asked Durbin to clarify.

     

    “Well, you said not every patient understands the consequences and we know we’re talking about primarily of women of childbearing status. You went onto say there are a ‘number of patients who don’t understand the nature of the fetus [within them].’ Do you believe that female patients are less likely to understand this?” Durbin asked.

     

    Mr. Meredith claimed that he was summarizing the evidence in the record for the court.

     

    “If you want to clarify what you said in light of what I quoted, please do so. At this point, I think there really is serious question as to what you’re trying to say,” Durbin responded.

     

    Video of Durbin’s second round of questions in Committee is available here.

    Audio of Durbin’s second round of questions in Committee is available here.

    Footage of Durbin’s second round of questions in Committee is available here for TV Stations.

    -30-

    MIL OSI USA News

  • MIL-OSI USA: Governor Newsom strengthens local control in Los Angeles burn scar areas

    Source: US State of California Governor

    Jul 30, 2025

    What you need to know: In response to concerns from local elected leaders and community members about the potential for widespread SB 9 development concentrated in areas rebuilding from destructive fires and crowding evacuation routes, the Governor today issued an executive order that will give local government the discretion to limit SB 9 development in very high fire hazard severity zones within the rebuilding areas.

    LOS ANGELES — Governor Gavin Newsom today issued an executive order providing local governments with stronger authority to limit Senate Bill 9 development in high fire hazard severity zones in Los Angeles County that fall within the burn scar areas. The executive order continues the Governor’s efforts to help respond to local concerns, provide tools to address rebuilding, and ensure that communities can recover safely. Read the executive order here.

    “We will continue to assist communities in rebuilding safely in ways that are responsive to local concerns. This executive order responds directly to requests from local officials and community feedback, recognizing the need for local discretion in recovery and that not all laws are designed for rebuilding entire communities destroyed by fires overnight.”

    Governor Gavin Newsom

    The executive order remains in effect as long as the state of emergency remains active. The order:

    • Grants local governments authority to adjust rules for SB 9 development (lot splits and duplexes in single-family residential zones) in very high fire severity zones within the LA fire burn scars. This order affects the entire Palisades within the city of LA, the eastern foothills portions of Altadena, Sunset Mesa, and Malibu. 
    • Includes a seven-day pause on SB 9 development in these specific areas while locals develop their own standards. 
    • Provides local governments with the flexibility to tailor standards based on community needs. For example, local officials could add additional mitigation requirements or designate areas within the affected zones where SB 9 development is or isn’t allowed. It allows local officials to make determinations as to what best serves their community — balancing the needs of their community and fire-resilient, safe recovery.

    The executive order is consistent with the state’s commitment to increasing the state’s housing supply and its unwavering dedication to supporting local officials in rebuilding their communities. It leaves the SB 9 framework in place everywhere other than very high fire hazard severity zones in the burn scar, and within those zones allows local leaders discretion to ensure that SB 9 development in the rebuilding areas appropriately accounts for fire safety concerns.

    Helping communities rebuild

    Today’s announcement adds to recent orders by the Governor to help the Los Angeles community recover and rebuild, including another order fast-tracking rebuilding the homes and schools affected by the disaster by suspending permitting laws and building codes, which adds to earlier orders cutting red tape and streamlining the rebuilding of homes and businesses destroyed — suspending permitting and review requirements under the California Environmental Quality Act (CEQA) and the California Coastal Act. The Governor also issued an executive order further cutting red tape by reiterating that permitting requirements under the California Coastal Act are suspended for rebuilding efforts and directing the Coastal Commission not to issue guidance or take any action that interferes with or conflicts with the Governor’s executive orders. The Governor also issued an executive order removing administrative barriers, extending deadlines, and providing critical regulatory relief to help fire survivors rebuild, access essential services, and recover more quickly.

    California’s all-in efforts

    Since the first day these firestorms ignited, Governor Newsom has been on the ground leading an all-in state response and recovery. 

    The Governor deployed resources before the hurricane-force fires broke out – growing to over 16,000 boots on the ground at the peak of the state’s response. And in the hours that followed, Governor Newsom launched historic recovery and rebuilding efforts to help Los Angeles get back on its feet, faster. 

    Even before the fires were out, Governor Newsom worked closely with outgoing President Joe Biden to secure a Presidential Major Disaster Declaration and then coordinated with the Trump Administration to ensure comprehensive federal support for Los Angeles. 

    That work has paid dividends as the current pace of debris and hazardous waste removal is months ahead of the cleanup timeline for the Camp, Woolsey, Hill fires in 2019 and Tubbs Fire in 2017/18, which at the time were themselves the fastest of their kind. 

    State and federal officials worked hand in glove to clear hazardous waste from 9,000 homes in less than 30 days. At the project’s peak, as many as 500 crews of expert heavy equipment operators from the Army Corps of Engineers worked around the clock to rapidly clear ash, soot, and fire debris from structures damaged by the Eaton and Palisades fires. 

    By the numbers 

    • 16,000 first responders and recovery personnel deployed
    • $2.5 billion in Small Business Administration Assistance approved. 
    • $144.2 million in individual assistance disbursed
    • $100 million in dedicated community partnerships through LA Rises
    • 40,000 totals visitors to disaster recovery centers 
    • 30 days to clear properties of hazardous waste
    • 9,195 properties cleared of debris 
    • 2,300 homes cleared of debris 
    • 12,500 right of entry forms submitted 
    • 8 of 8 schools resumed in person instruction 
    • 9 of 9 water systems reactivated  

    Recent news

    News SACRAMENTO – Governor Gavin Newsom today announced that he has signed the following bills:AB 17 by Assemblymember Juan Alanis (R-Modesto) – Elections: precinct maps.AB 377 by Assemblymember David Tangipa (R-Clovis) – High-Speed Rail Authority: business plan:…

    News What you need to know: California is standing up for all Americans by challenging Trump’s unlawful tariff policy, which is slowing the national economy and raising prices for consumers.  SACRAMENTO – Governor Gavin Newsom today filed an amicus brief in support of…

    News What you need to know: California is taking targeted action to address the mental health crisis among young men and boys today with a new executive order focused on suicide prevention, behavioral health, and helping find purpose through education, family, and…

    MIL OSI USA News

  • MIL-OSI USA: Vice Ranking Member Amo Applauds Partnership to Deliver Humanitarian Aid, Blasts Trump’s Failure to Keep Aid Promises to Starving Kids and American Producers

    Source: US Congressman Gabe Amo (Rhode Island 1st District)

    PROVIDENCE, RI – Today, House Foreign Affairs Vice Ranking Member Gabe Amo (D-RI) thanked Edesia Nutrition and Ocean State Job Lot’s initiative in sending Rhode Island-made therapeutic food to aid severely malnourished children in South Sudan. Amo also called on President Donald Trump and Secretary of State Marco Rubio to support American farmers and aid producers by delivering Edesia’s food aid to children and providing new contracts so Edesia can continue their essential work.

    “Thanks to Ocean State Job Lot and Edesia Nutrition, working in coordination with World Vision, America can still answer the call when aid is needed. By partnering together, these organizations are filling the massive gap left by President Trump in delivering needed food assistance to children around the world. Rhode Island workers and businesses are meeting the moment while Donald Trump and the State Department sit on their hands, hide behind red tape, and refuse to take accountability for literally incinerating food. Children are starving. There is no excuse for Republican inaction,”  said Vice Ranking Member Amo (D-RI).“I have pressed Secretary Rubio and his State Department underlings repeatedly to resurrect America’s aid programs. I will keep fighting to ensure our government combats childhood malnutrition and supports American farmers by delivering and continuing to fund American-made therapeutic food.” 

    ###

    MIL OSI USA News

  • MIL-OSI USA: Vice Ranking Member Amo Applauds Partnership to Deliver Humanitarian Aid, Blasts Trump’s Failure to Keep Aid Promises to Starving Kids and American Producers

    Source: US Congressman Gabe Amo (Rhode Island 1st District)

    PROVIDENCE, RI – Today, House Foreign Affairs Vice Ranking Member Gabe Amo (D-RI) thanked Edesia Nutrition and Ocean State Job Lot’s initiative in sending Rhode Island-made therapeutic food to aid severely malnourished children in South Sudan. Amo also called on President Donald Trump and Secretary of State Marco Rubio to support American farmers and aid producers by delivering Edesia’s food aid to children and providing new contracts so Edesia can continue their essential work.

    “Thanks to Ocean State Job Lot and Edesia Nutrition, working in coordination with World Vision, America can still answer the call when aid is needed. By partnering together, these organizations are filling the massive gap left by President Trump in delivering needed food assistance to children around the world. Rhode Island workers and businesses are meeting the moment while Donald Trump and the State Department sit on their hands, hide behind red tape, and refuse to take accountability for literally incinerating food. Children are starving. There is no excuse for Republican inaction,”  said Vice Ranking Member Amo (D-RI).“I have pressed Secretary Rubio and his State Department underlings repeatedly to resurrect America’s aid programs. I will keep fighting to ensure our government combats childhood malnutrition and supports American farmers by delivering and continuing to fund American-made therapeutic food.” 

    ###

    MIL OSI USA News

  • MIL-OSI Security: Band Members from Partner Nations Participating in Pacific Partnership 2025 Perform at the University of Technology in Lae, Papua New Guinea July 2025 [Image 4 of 8]

    Source: United States Navy (Logistics Group Western Pacific)

    Issued by: on


    LAE, Papua New Guinea (July 30, 2025) Pacific Partnership 2025 (PP-25) multination musicians perform at the Papua New Guinea University of Technology during PP-25 in Lae, Papua New Guinea, July 30, 2025. Now in its 21st iteration, the Pacific Partnership series is the largest annual multinational humanitarian assistance and disaster management preparedness mission conducted in the Indo-Pacific. Pacific Partnership works collaboratively with host and partner nations to enhance regional interoperability and disaster response capabilities, increase security and stability in the region, and foster new and enduring friendships in the Indo-Pacific. (U.S. Navy photo by Mass Communications Specialist Seaman Mario E. Reyes Villatoro)

    Date Taken: 07.30.2025
    Date Posted: 07.30.2025 20:36
    Photo ID: 9228707
    VIRIN: 250730-N-OJ012-1695
    Resolution: 4568×3045
    Size: 1.72 MB
    Location: LAE, PG

    Web Views: 1
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  • MIL-OSI Security: Band Members from Partner Nations Participating in Pacific Partnership 2025 Perform at the University of Technology in Lae, Papua New Guinea July 2025 [Image 4 of 8]

    Source: United States Navy (Logistics Group Western Pacific)

    Issued by: on


    LAE, Papua New Guinea (July 30, 2025) Pacific Partnership 2025 (PP-25) multination musicians perform at the Papua New Guinea University of Technology during PP-25 in Lae, Papua New Guinea, July 30, 2025. Now in its 21st iteration, the Pacific Partnership series is the largest annual multinational humanitarian assistance and disaster management preparedness mission conducted in the Indo-Pacific. Pacific Partnership works collaboratively with host and partner nations to enhance regional interoperability and disaster response capabilities, increase security and stability in the region, and foster new and enduring friendships in the Indo-Pacific. (U.S. Navy photo by Mass Communications Specialist Seaman Mario E. Reyes Villatoro)

    Date Taken: 07.30.2025
    Date Posted: 07.30.2025 20:36
    Photo ID: 9228707
    VIRIN: 250730-N-OJ012-1695
    Resolution: 4568×3045
    Size: 1.72 MB
    Location: LAE, PG

    Web Views: 1
    Downloads: 0

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  • MIL-OSI Security: Pacific Partnership 2025 Multinational Servicemembers Discuss Animal Welfare during an engagement at the Rainforest Habitat. [Image 1 of 5]

    Source: United States Navy (Logistics Group Western Pacific)

    Issued by: on


    LAE, Papua New Guinea (July 30, 2025) Pacific Partnership 2025 (PP-25) multinational servicemembers perform a medical checkup on a snake during PP-25 in Lae, Papua New Guinea, July 30, 2025. Now in its 21st iteration, the Pacific Partnership series is the largest annual multinational humanitarian assistance and disaster management preparedness mission conducted in the Indo-Pacific. Pacific Partnership works collaboratively with host and partner nations to enhance regional interoperability and disaster response capabilities, increase security and stability in the region, and foster new and enduring friendships in the Indo-Pacific.

    Date Taken: 07.29.2025
    Date Posted: 07.30.2025 20:46
    Photo ID: 9228718
    VIRIN: 250730-N-DM179-1558
    Resolution: 5568×3712
    Size: 1.25 MB
    Location: LAE, PG

    Web Views: 0
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  • MIL-OSI Security: Pacific Partnership 2025 Multinational Servicemembers Discuss Animal Welfare during an engagement at the Rainforest Habitat. [Image 2 of 5]

    Source: United States Navy (Logistics Group Western Pacific)

    Issued by: on


    LAE, Papua New Guinea (July 30, 2025) Rainforest Habitat manager Elijah Maso Simon gives a brief of duties during Pacific Partnership 2025 in Lae, Papua New Guinea, July 30, 2025. Now in its 21st iteration, the Pacific Partnership series is the largest annual multinational humanitarian assistance and disaster management preparedness mission conducted in the Indo-Pacific. Pacific Partnership works collaboratively with host and partner nations to enhance regional interoperability and disaster response capabilities, increase security and stability in the region, and foster new and enduring friendships in the Indo-Pacific.

    Date Taken: 01.20.2016
    Date Posted: 07.30.2025 20:46
    Photo ID: 9228719
    VIRIN: 250730-N-DM179-1095
    Resolution: 3901×3121
    Size: 1.94 MB
    Location: LAE, PG

    Web Views: 0
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  • MIL-OSI Security: Pacific Partnership 2025 Multinational Servicemembers Discuss Animal Welfare during an engagement at the Rainforest Habitat. [Image 1 of 5]

    Source: United States Navy (Logistics Group Western Pacific)

    Issued by: on


    LAE, Papua New Guinea (July 30, 2025) Pacific Partnership 2025 (PP-25) multinational servicemembers perform a medical checkup on a snake during PP-25 in Lae, Papua New Guinea, July 30, 2025. Now in its 21st iteration, the Pacific Partnership series is the largest annual multinational humanitarian assistance and disaster management preparedness mission conducted in the Indo-Pacific. Pacific Partnership works collaboratively with host and partner nations to enhance regional interoperability and disaster response capabilities, increase security and stability in the region, and foster new and enduring friendships in the Indo-Pacific.

    Date Taken: 07.29.2025
    Date Posted: 07.30.2025 20:46
    Photo ID: 9228718
    VIRIN: 250730-N-DM179-1558
    Resolution: 5568×3712
    Size: 1.25 MB
    Location: LAE, PG

    Web Views: 0
    Downloads: 0

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  • MIL-OSI Security: Pacific Partnership 2025 Multinational Servicemembers Discuss Animal Welfare during an engagement at the Rainforest Habitat. [Image 2 of 5]

    Source: United States Navy (Logistics Group Western Pacific)

    Issued by: on


    LAE, Papua New Guinea (July 30, 2025) Rainforest Habitat manager Elijah Maso Simon gives a brief of duties during Pacific Partnership 2025 in Lae, Papua New Guinea, July 30, 2025. Now in its 21st iteration, the Pacific Partnership series is the largest annual multinational humanitarian assistance and disaster management preparedness mission conducted in the Indo-Pacific. Pacific Partnership works collaboratively with host and partner nations to enhance regional interoperability and disaster response capabilities, increase security and stability in the region, and foster new and enduring friendships in the Indo-Pacific.

    Date Taken: 01.20.2016
    Date Posted: 07.30.2025 20:46
    Photo ID: 9228719
    VIRIN: 250730-N-DM179-1095
    Resolution: 3901×3121
    Size: 1.94 MB
    Location: LAE, PG

    Web Views: 0
    Downloads: 0

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    MIL Security OSI

  • MIL-OSI USA: Schatz Denounces Starvation In Gaza, Criticizes Israeli Government’s Conduct Of War

    US Senate News:

    Source: United States Senator for Hawaii Brian Schatz

    WASHINGTON – U.S. Senator Brian Schatz (D-Hawai‘i) today spoke on the Senate floor about the crisis of starvation in Gaza, which has resulted in almost a third of Palestinians going for several days without eating and at least 63 people dying from malnutrition this month alone. Schatz criticized the Netanyahu government’s decision to cut off aid into Gaza and later set up an entity that failed to distribute aid safely and effectively.

    “The fact that this catastrophe was preventable is precisely what makes it so indefensible,” said Senator Schatz, Ranking Member of the Senate Appropriations Subcommittee on State and Foreign Operations. “People have been warning for months that the Israeli government’s actions would result in exactly this kind of tragedy, where children are dying by the dozens and hundreds of thousands of people are starving for days. What possible explanation is there for letting infants and 2- and 3-year-olds starve? What tactical advantage is being gained?”

    Senator Schatz continued, “Standing up for our shared humanity, whatever our other differences and preferences, should not be a matter of controversy. The government of Israel is behaving terribly. Its conduct of the war is indefensible. And it is not in spite of my Jewishness and my Judaism that I feel this way – it is because of it.”

    A transcript of Senator Schatz’s remarks is below. Video is available here.

    The mass starvation and death sweeping through Gaza is a moral tragedy and a strategic abomination. What started as a war with a just cause – to go after Hamas for the unspeakable atrocities it committed on October 7th and bring home the hostages – quickly turned unjust and immoral.

    Everyone knows how complicated and fraught the Middle East is. Everyone knows that navigating this generations-long conflict requires nuance and depth and a historical understanding in order to try and get it right. Everyone knows that smart and sincere and decent people can disagree on this issue. But what is happening today is entirely different. There is no excuse for this horrific suffering. It’s not making Israel or Israelis or Jews any safer…nor is it helping to bring home the 50 remaining hostages who’ve been in brutal captivity for almost 2 years.

    The fact that this catastrophe was preventable is precisely what makes it so indefensible. People have been warning for months that the Israeli government’s actions would result in exactly this kind of tragedy…where children are dying by the dozens and hundreds of thousands of people are starving for days.

    The Gaza Humanitarian Foundation, which Israel scrambled to set up 2 months ago, has failed. According to the BBC, where there used to be 400 U.N. aid distribution sites, there are now just 4 run by the GHF. And as a result, a third of Gazans are going multiple days in a row without eating. The World Health Organization reports that at least 63 people, many of them children, have died from malnutrition this month alone. And more than a thousand Palestinians have been killed while seeking aid at GHF sites, according to the U.N.

    In May, the GHF’s first executive director resigned, saying, “It is clear that it is not possible to implement this plan while also strictly adhering to the humanitarian principles of humanity, neutrality, impartiality, and independence.”

    Whether you believe that this organization was set up to fail intentionally from the start, or more charitably, that the Israeli government established it without understanding that it wouldn’t succeed, it doesn’t matter. What is plainly obvious now is that it is not working. You don’t have to be some left-wing organization…or get your data from the Hamas government…to acknowledge that the GHF is failing at its fundamental mission of feeding people.

    Which raises the question: why? Here we have an Israeli security apparatus that can – and did – synchronize an attack of exploding pagers across an entire country. They can reach in and gather intelligence from the high command of their greatest adversaries. The IDF is widely viewed as punching way above its weight in almost every way. And yet, Israel is asserting that, given all of those capabilities, the one thing that they can’t do is facilitate aid distribution. That’s too hard for them.

    Food and medical assistance routinely get into conflict zones all around the world. Yemen, Sudan, Syria, Iraq, the Democratic Republic of Congo. Gaza should not be any different. What is different are the stated goals of the extremists in the Israeli government.

    “The only way to win the war and bring back the hostages is to completely stop the ‘humanitarian’ aid, conquer the entire Gaza Strip, and encourage voluntary migration.” That was the National Security of the government of Israel. Completely stopping humanitarian aid. Conquering the entire Gaza Strip. Encouraging migration. Those are their words – these are not my words.

    And as starvation takes hold, their response is to deny that is even happening. “There is no starvation in Gaza.” Who said that? The Prime Minister of Israel. Ben-Gvir added, “If they were hungry, they would have returned the hostages home.” If they were hungry, they would have returned the hostages home.

    It’s worth pausing on that for just a moment. Too many people in the Netanyahu government make no distinction between the actual enemy that is Hamas and innocent civilians. The idea that a desperate mother, malnourished herself, and out of breast milk for her infant; or a 7-year-old running to the front of an aid line to get whatever scraps he can for him and his siblings – the idea that these people are in charge of which hostages are released and when, and they suddenly are being held to account for the actions of Hamas on October 7th – is preposterous.

    It’s another example of the casual dismissal of civilian death and suffering as if it’s an inevitable consequence of having to go after the bad guys. War is hell and all of that. But what possible explanation is there for letting infants and 2 and 3-year-olds starve? What tactical advantage is being gained?

    Standing up for our shared humanity, whatever our other differences and preferences, should not be controversial. But too often, when someone is critical of Israel, and they’re a Jew, they’re characterized as a self-hating Jew. When someone is critical of Israel, and they’re not a Jew, they’re characterized as antisemitic.

    I want to be crystal clear. Antisemitism is among the oldest and most vile prejudices that exist. It is real, it is scary, and it is on the rise in the United States. It should be fought at every turn, left, right, and center. And anyone who simply waves it away or denies the urgency of addressing it is either not paying attention or lying.

    But criticizing the conduct of this war. Criticizing Minister Ben-Gvir who talks about ethnic cleansing. Criticizing the withholding of aid. Criticizing the excessive tolerance for civilian casualties. Criticizing Prime Minister Netanyahu’s apparent willingness to cling to power at the expense of Israel, Israelis, and Jews everywhere. That is a separate matter. Everybody gets to do that – just like Americans get to criticize their president without hating America or the people within it. People are more than their government. The government of Israel is behaving terribly. Its conduct of the war is indefensible. And it is not in spite of my Jewishness and Judaism that I feel this way – it is because of it.

    There are a lot of people – including people I know personally, and I believe this – who believe deeply in the sacred idea of Israel. They are good people, and this cannot be about vanquishing one side of the political spectrum – whether that’s the left and center left or right and alt-right. This is about grounding ourselves in the very basic principle, which is: whatever else we’re fighting about, can we please hold the children harmless?

    MIL OSI USA News

  • MIL-OSI United Nations: Cholera outbreak in West and Central Africa poses crisis for children

    Source: United Nations 2

    “The heavy rains, widespread flooding, and the high level of displacement are all fuelling the risk of cholera transmission and putting the lives of children at risk,” said UNICEF Regional Director for West and Central Africa, Gilles Fagninou.

    Cholera is an acute diarrheal infection caused by consuming food or water contaminated with bacteria. The disease can be treated with oral rehydration solution and antibiotics, but it can be fatal within hours if untreated.

    Young children are particularly vulnerable to cholera due to factors such as poor hygiene, inadequate sanitation and access to safe water, and a greater risk of severe dehydration.

    Regional hotspots

    Active outbreaks in the hotspots of the Democratic Republic of the Congo (DRC) and Nigeria are fuelling the risk of cross-border transmission to neighbouring countries.  

    The DRC is the hardest-hit country in the region, reporting more than 38,000 cases and 951 deaths in July. 

    Children under five now account for nearly 26 per cent of cases in the DRC, and without stronger containment measures, they may face the worst cholera crisis since 2017.

    The situation in capital Kinshasa is particularly critical, as intense rainfall and widespread flooding have caused cases to surge sharply over the past four weeks. Straining an already overwhelmed healthcare system, the city is now facing an alarming case fatality rate of 8 per cent.

    Nigeria is the second most affected country in the region, with 3,109 suspected cholera cases and 86 deaths as of the end of June. Cholera is endemic in the country, where major outbreaks have reoccurred in recent years.

    Region-wide crisis

    Chad, Republic of Congo, Ghana, Côte d’Ivoire and Togo are also facing ongoing epidemics.  

    612 cholera cases were reported in Ghana as of 28 April, 322 cases and 15 deaths were reported in Côte d’Ivoire as of 14 July, and 209 cases and five deaths were reported in Togo as of June 22.  

    Niger, Liberia, Benin, the Central African Republic and Cameroon are also under close surveillance due to their vulnerability.

    UNICEF response

    Urgent and scaled-up efforts are needed to prevent further spread and contain the disease across the region.

    Throughout the outbreaks, UNICEF has delivered lifesaving health, water, hygiene and sanitation (WASH) supplies to treatment facilities and communities.  

    The agency has also supported cholera vaccinations, scaled up preparedness and response efforts, and encouraged families to seek timely treatment and improve their hygiene practices.

    “We are in a race against time, working hand in hand with the authorities to deliver essential healthcare, safe water, and proper nutrition to children already at risk of deadly diseases and severe acute malnutrition,” said Mr. Fagninou.  

    “Together with an array of partners, we are strengthening community engagement and extending our reach to remote and underserved areas, making every effort to ensure that no child is left behind.”

    UNICEF West and Central Africa urgently requires $20 million over the next three months to scale up critical support in health, WASH, and risk communication and community engagement. 

    MIL OSI United Nations News

  • MIL-OSI Australia: UPDATE #2: Concern for welfare – Alice Springs Region

    Source: Northern Territory Police and Fire Services

    The Northern Territory Police Force continues to hold serious concerns for the welfare of 26-year-old Gach, who has not been seen or heard from since 5:30pm on Monday 28 July 2025.

    Gach is described as a 6-foot-tall male of Sudanese appearance with a lean build, short curly hair, and was last seen wearing a red or orange puffer jacket, cream-coloured tracksuit pants, and dark-coloured runners.

    The NT Police Search and Rescue Section (SRS) is leading an intensive search operation, now into its third day, approximately 21 km west of Alice Springs. The operation is being supported by over 50 personnel, including members from local police units and partner agencies such as NT Emergency Services, NT Fire and Rescue Service, and Parks and Wildlife NT.

    The coordinated search effort includes foot teams, all-terrain vehicles (ATVs), drones, and helicopter support, with more than 500 km² of challenging terrain already covered.

    Search Coordinator Acting Sergeant Chris Grotherr said, “Search efforts have been extensive, with significant contributions from local resources. These efforts will continue into day 3. However, forecasted sub-zero overnight temperatures over the coming days are increasing our concerns for Gach’s welfare.”

    Police are appealing to the public for any information that may assist search efforts.

    Anyone who may have seen Gach in the vicinity of Larapinta Drive, Standley Chasm, or Simpsons Gap on the evening of Monday 28 July, or who has any knowledge of his current whereabouts, is urged to contact police on 131 444.

    MIL OSI News

  • MIL-OSI United Nations: ‘Choose Transformation over Dependency’, With Scaled-Up, Coordinated Investment to Make Food Systems Resilience, Sustainable, Deputy Secretary-General Urges

    Source: United Nations 4

    Following are UN Deputy Secretary-General Amina Mohammed’s keynote remarks, as prepared for delivery, on food systems transformation in complex settings, in Addis Ababa today:

    I am honoured to be here today.  I thank our co-hosts Ethiopia and Italy and the World Food Programme (WFP), United Nations Children’s Fund (UNICEF) and the HDP Nexus Coalition for organizing this important conversation.

    And I thank all of you present today for your commitment to putting an end to hunger and transforming our food systems, making these work even in the most dire and complex circumstances.

    Communities are trapped around the world in relentless cycles of hardship.  Over 37 million children under five will face acute malnutrition this year — almost the entire population of Canada.  Of those, nearly 10 million will suffer severe wasting — the deadliest form of undernutrition.

    In many countries facing the greatest challenges, courage is on display at all moments.  But, we must ensure that the courage is matched with long term solutions that can result in resilience and sustainability.  Short-term interventions dominate, with little connection to longer-term development planning are not the solution we are seeking.  We must choose transformation over dependency.

    We have good examples.  Nations are embedding resilience into national strategies.  Leaders are refusing to accept hunger as inevitable. Instead, they are combining local, indigenous and traditional knowledge with science to accelerate action towards inclusive and resilient food systems while rebuilding their nations.  These Governments are not waiting for permission, they are leading.  But, leadership cannot succeed alone, it must be built on a solid foundation rooted in adequate finance, partnership and inclusion.

    First, finance.  We need finance that multiplies impact, catalytic investments that invest in local capacity, patient capital that waits for transformation, not quick returns.  The World Bank has committed to this approach, we must encourage others to follow.

    Second, we need coordination that serves people, not bureaucracies.  Humanitarian response linked to long-term development.  Climate action connected to food security.  Competing mandates replaced by shared purpose.

    Third, we need to place communities at the centre of our efforts.  Women grow 60 per cent of Africa’s food but own less than 20 per cent of the land.  Young people are at the vanguard of innovative agriculture but cannot access the financing that supports them.  This is especially the case in complex settings where perceived risk is higher and the options fewer.

    Yet, investing in the transformation of food systems is especially critical in complex settings where equitable and sustainable food systems do more than feed people — they drive food security, strengthen resilience, enable stability and promote inclusive economic growth.

    This transformation must be guided by local innovations and proven strategies, rooted in data and the lived realities of crisis-affected communities.

    We have the tools, and we have inspiring examples from countries leading change, many of which we will hear in this room today.  What we need now is accelerated action at scale.

    Food systems hold the key to sustainable development.  Let us use that key to unlock opportunity, stability, and hope for and with those who need it most.  And let us not forget that we need to strengthen our multilateral system to make peace and sustainable development a reality for all communities around the world.

    MIL OSI United Nations News

  • MIL-OSI Europe: Ireland joins the Equal Pay International Coalition (EPIC)

    Source: Government of Ireland – Department of Jobs Enterprise and Innovation

    Minister of State for Small Business, Retail and Employment Alan Dillon has today announced Ireland’s accession to the Equal Pay International Coalition; a multilateral partnership working to reduce the gender pay gap at global, regional and national levels.

    Minister Dillon made the announcement on the margins of the G20 Labour and Employment Ministerial Meeting, taking place on 30-31 July in George, South Africa.

    Minister Dillon said: 

    “I am proud to announce that Ireland has officially become a member of the Equal Pay International Coalition. This marks a significant step forward in our commitment, as a nation, in ensuring that all individuals, regardless of gender, receive equal pay for work of equal value. Aligned with the vision of the United Nations Agenda for Sustainable Development, the Coalition works to accelerate progress toward this goal, recognising that sustained and collective efforts are needed to close the gender pay gap.” 

    EPIC is a global initiative that brings together governments, employer and worker organisations, academia, civil society and private sector entities to tackle the gender pay gap through coordinated action. It operates at global, regional and national levels, making it the only coalition of its kind to focus on equal pay.  

    Gilbert Houngbo, International Labour Organization (ILO) Director General, said:

    “On behalf of the ILO, I warmly welcome Ireland to the Equal Pay International Coalition. As a co-lead of EPIC, together with UN Women and the OECD, we are pleased to witness the growing momentum behind this global effort to redress pay inequalities. Ireland’s strong legal framework and commitment to social dialogue further strengthen the Coalition. We look forward to Ireland’s active engagement as we work together to advance equal pay for work of equal value everywhere.” 

    Maíra Lacerda, Head of the Special Advisory Office for International Affairs at the Ministry of Labor and Employment of Brazil and Chair of EPIC said: 

    “As the Chair of EPIC, I warmly welcome Ireland to the Coalition. Every new member brings valuable expertise and fresh momentum to our shared mission. Ireland’s longstanding commitment to pay equity and social dialogue strengthens our collective efforts to tackle persistent pay inequalities and promote fairer, more inclusive labour markets. Together, we grow stronger and closer to the goal of equal pay for work of equal value.”

    Minister Dillon went on to say: 

    “As an EPIC member, Ireland will benefit from membership including through access to a wealth of global resources. We will also have the opportunity to exchange best practices with international counterparts and tap into a dynamic network of policy and equality experts. Joining EPIC is a joint initiative between the Department of Enterprise, Tourism and Employment and the Department of Children, Disability and Equality, which leads on gender equality and gender pay gap policy.  This combined approach is designed to maximise the impact of Ireland’s membership of EPIC.” 

    ENDS

    Notes for Editors

    • The Equal Pay International Coalition (EPIC) is led by the International Labour Organization (ILO), UN Women, and the Organisation for Economic Co-operation and Development (OECD). 
    • It is currently the only multi-stakeholder partnership working to reduce the gender pay gap at global, regional and national levels.
    • The Coalition’s goal is to achieve equal pay for women and men everywhere. EPIC supports governments, employers, workers, and their organisations to make concrete and coordinated progress towards this goal. 
    • The Coalition comprises 67 members, including government entities from 28 countries, international and national employer and worker organisations, international organisations, academia, civil society organisations, as well as the private sector. 
    • The Irish Congress of Trade Unions is a member of the Coalition. 

    MIL OSI Europe News

  • MIL-OSI United Nations: Governments, Partners Mobilizing School Meals Coalition to Equip Youth with Nutrition, Health, Education They Deserve, Deputy Secretary-General Says at Stocktake Event

    Source: United Nations MIL OSI

    Following are UN Deputy Secretary-General Amina Mohammed’s remarks, as prepared for delivery, at the UN Food Systems Summit+4 Stocktake (UNFSS+4) School Meals Coalition Featured Event:  “Unlocking Sustainable Investments for Home-Grown School Meals”, in Addis Ababa today:

    It is truly inspiring to witness how far the School Meals Coalition has come.  With over 100 Governments working together to expand and improve these strategic programmes, it is now one of the most successful global mobilizations in recent years.

    First, I want to recognize the leadership that has brought us here, especially of the three co-chairs — Brazil, France and Finland — whose early and continued support has been instrumental to the Coalition’s success.

    I also want to commend all Governments in the Coalition that are working resolutely to expand and strengthen their school meal programmes and that have achieved clear and measurable progress since the last Stocktake.

    Today’s speakers are excellent examples.  The progress we witness is being driven by Governments, but they are not walking alone.  Partners across the School Meals Coalition are working hand in hand with Governments to deliver on their national commitments.

    But, why is there so much momentum behind school meals?  Why are so many Governments and partners making this a priority?  Because school meals are more than just a plate of food.  They are a lever to building more inclusive, sustainable food systems, and to equipping the next generation with the health, nutrition and education they deserve to reach their potential.

    To truly pull that lever — to unlock its full power — we must focus on four key priorities.

    First:  Expand coverage and raise collective ambitions.  As we’ve just heard from our distinguished speakers, momentum is building.  Next to our Governments on stage, countries like Rwanda, which has achieved near-universal primary school coverage, and Indonesia, which is scaling up at an unprecedented pace, are showing what’s possible.

    Now, the Global Alliance Against Hunger and Poverty has joined forces with the School Meals Coalition to rally Governments and development partners behind a bold global target:  to reach an additional 150 million children in low- and middle-income countries by 2030, as agreed at the Group of 20 (G20) last year.  This means moving from commitment to delivery with the School Meals Coalition and the Global Alliance working with countries ready to lead the way.

    Second:  Pull the lever — use procurement to transform food systems.  Countries continue to harness the potential of school meal programmes to catalyse food systems transformation, including ambitious targets regarding procurement from smallholder farmers, but we must go further by aligning school-meal menus and procurement with nutrition, sustainability and social goals; by using clean cooking solutions in schools; by reducing food loss and waste; and through food, nutrition and climate education in schools.

    Third:  Integrate school meals into climate finance.  When rooted in sustainability, school meals have enormous potential to advance climate mitigation and adaptationm and to promote biodiversity.  The thirtieth session of the Conference of the Parties to the United Nations Framework Convention on Climate Change (COP30) in Brazil offers us a chance to move school meals from a climate blind spot to a climate solution. Let’s work to ensure these programmes are included in future Nationally Determined Contributions and embedded in climate financing pipelines where they belong.

    Fourth:  Plug the financing gap.  The Sevilla Commitment, adopted a few weeks ago, calls on all of us to close the gap between ambition and means.  But, with 35 low- and middle-income countries in high risk of or in debt distress, we must explore innovative financing solutions to ensure an economically stable future for those countries– from health taxes and natural resource revenues to debt swaps and Multilateral Development Bank investments.

    We have much to learn from the innovation that has taken place in countries for the last two years since we last met in Rome as reported in the UNFSS+4 Report of the Secretary-General.  Let’s make sure we use the momentum of the Sevilla Commitment to attract the finance that is needed.

    Let me close with a powerful motto from a dear friend and leading advocate, Ndidi Nwuneli of the ONE Campaign.  “Our job is not to scale our work.  It’s to scale what works.”  This is what we see across the School Meals Coalition:  Governments and partners coming together to expand a solution that works.

    So, let’s build on the progress we’ve made — and finish what we started in 2021:  by 2030, every child receiving a healthy, nutritious meal in school.  Let’s feed the future together.

    MIL OSI United Nations News

  • MIL-OSI: Bitget Launchpool Features GAIA with over 4.7M Tokens in Rewards

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, July 29, 2025 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, has announced the feature of Gaia (GAIA) on its launchpool as well as a listing for spot trading. Gaia is a decentralized computing infrastructure that enables everyone to create, deploy, scale, and monetize their own AI agents. Trading for the GAIA/USDT pair will begin on 30 July 2025, 09:00 (UTC).

    Bitget’s GAIA Launchpool campaign is offering 4,741,300 GAIA in total rewards. Eligible users can participate by locking BGB during the event, which runs from 30 July 2025, 09:00 to 1 August 2025, 09:00 (UTC). In the BGB locking pool, users can lock between 5 and 50,000 BGB, with maximum limits determined by their VIP tier, for a chance to earn a share of 3,858,300 GAIA.

    Alongside the listing, Bitget will launch a CandyBomb campaign with 633,000 GAIA available in rewards. Of this, 211,000 GAIA will be allocated to the GAIA, BTC and BGB trading pool for new users, while 422,000 GAIA will be up for grabs in the GAIA trading pool for existing users. The campaign will run from 30 July 2025, 9:00 till 6 Aug 2025, 9:00 (UTC).

    Bitget will also run an X Giveaway, where 750 qualified users will have the chance to win a share of 125,000 GAIA. The campaign runs from 30 July 2025, 9:00 to 1 August 2025, 9:00 (UTC). To participate, users must follow Bitget and Gaia on X, quote the giveaway post with the hashtag #GAIAxBitgetLaunchpool, tag a friend, sign up, deposit or trade GAIA on Bitget, and complete the form linked in the post.

    In addition, a community campaign will run from 30 July 2025, 9:00 to 6 Aug 2025, 9:00 (UTC), offering another 125,000 GAIA to be shared among 750 qualified users. To join, users need to become members of both the Bitget Discord and BGB Holders Group, sign up, make a net deposit of over 100 USDT, and complete any GAIA/USDT spot trade.

    Gaia is a decentralized AI network that enables users to host, own, and interact with autonomous AI agents in a secure and transparent environment. Built on blockchain technology, Gaia ensures each AI node operates independently while contributing to a broader, interconnected ecosystem. Users can deploy advanced models such as Qwen2 0.5B Instruct and customize them using personal or business data to create tailored AI services.

    By prioritizing data sovereignty and privacy, Gaia introduces a new model for decentralized AI development and monetization. Its user-friendly infrastructure allows individuals to easily install node software, configure models, and participate in domain-based AI collaboration, unlocking new possibilities for innovation in the Web3 space.

    Bitget continues to expand its offerings, positioning itself as a leading platform for cryptocurrency trading. The exchange has established a reputation for innovative solutions that empower users to explore crypto within a secure CeDeFi ecosystem.

    With an extensive selection of over 800 cryptocurrency pairs and a commitment to broaden its offerings to more than 900 trading pairs, Bitget connects users to various ecosystems, including Bitcoin, Ethereum, Solana, Base, and TON. The addition of Gaia into Bitget’s portfolio marks a significant step toward expanding its ecosystem by embracing decentralized AI innovation, empowering users with greater control over data privacy, and supporting the next generation of AI-driven Web3 applications.

    For more details on Gaia, visit here.

    About Bitget

    Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 120 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a leading non-custodial crypto wallet supporting 130+ blockchains and millions of tokens. It offers multi-chain trading, staking, payments, and direct access to 20,000+ DApps, with advanced swaps and market insights built into a single platform.

    Bitget is driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.

    Aligned with its global impact strategy, Bitget has joined hands with UNICEF to support blockchain education for 1.1 million people by 2027. In the world of motorsports, Bitget is the exclusive cryptocurrency exchange partner of MotoGP™, one of the world’s most thrilling championships.

    For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet

    For media inquiries, please contact: media@bitget.com

    Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/7730d634-b088-4a1c-b437-c1051b2dd570

    The MIL Network