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Category: AM-NC

  • MIL-OSI Europe: Hearings – The European Defence Union: Tax Matters – 25-06-2025 – Subcommittee on Tax Matters – Committee on Security and Defence

    Source: European Parliament

    On 25 June 2025, from 14:30 to 16:15, the FISC Subcommittee will host a joint public hearing with the SEDE Committee on “The European Defence Union: Tax Matters”. The hearing will focus on the legislative framework governing VAT exemptions for defence-related activities carried out under the EU’s Common Security and Defence Policy (CSDP).

    It will examine the 2015 Council Decision granting VAT exemptions to NATO and EU agencies for defence efforts supporting the implementation of Union activities, and assess how effectively Member States are applying these provisions.

    In particular, the discussion will explore the cooperation mechanisms between the European Commission, national Ministries of Finance, and Ministries of Defence in ensuring consistent and compliant implementation of the VAT exemptions. The panel will also address the operational and administrative challenges encountered in the field. The insights gathered will contribute to the broader debate on strengthening the fiscal framework underpinning European defence initiatives, including the European Defence Industry Programme (EDIP) and upcoming measures under the ReArm Europe Plan and Readiness 2030 strategy.

    MIL OSI Europe News –

    June 17, 2025
  • MIL-OSI Europe: Latest news – Delegation Meeting, on 27 November 2024 – Delegation for relations with Bosnia and Herzegovina and Kosovo, including the EU-Bosnia and Herzegovina Stabilisation and Association Parliamentary Committee and the EU-Kosovo Stabilisation and Association Parliamentary Committee

    Source: European Parliament

    Members of the Delegation to the Delegation for relations with Bosnia and Herzegovina, and Kosovo

    met on 27 November 2024 from 15:00 to 16:00.

    They exchanged views on the political and economic situation in Kosovo, and on the status of EU relations with the country, with:

    – Ms Barbara JESUS-GIMENO, Head of the Bosnia and Herzegovina/Kosovo Unit, DG NEAR, European Commission

    – Ms Zuzana MICHALCOVA SUTIAKOVA, Head of the ‘Western Balkans’, European External Action Service

    MIL OSI Europe News –

    June 17, 2025
  • MIL-OSI Europe: EU Fact Sheets – East Asia – 16-06-2025

    Source: European Parliament

    East Asia has vital geostrategic importance for the EU and is facing important geostrategic challenges. The Indo-Pacific is home to more than 50% of the world’s population. Two thirds of the world’s container trade passes through the Indo-Pacific and its sea lanes are the main routes for trade and energy supplies. The EU strategy for cooperation in the Indo-Pacific was adopted in September 2021 to increase the EU’s engagement, build partnerships and reinforce the rules-based international order and address global challenges. The EU is adapting its current instruments to support its strategic autonomy. Its Strategic Compass for Security and Defence, formally approved by the Council in March 2022, promotes an open and rules-based regional security architecture, including secure maritime routes, capacity-building and an enhanced naval presence in the Indo-Pacific. The EU’s strategy encompasses seven priority areas: sustainable and inclusive prosperity, the green transition, ocean governance, digital governance and partnerships, connectivity, security and defence, and human security.East Asia faces security concerns such as the nuclear challenge in North Korea, the maritime disputes in the East and the South China Seas, and the Taiwan issue. The EU is a strong economic player in East Asia and is working to foster fair trade, multilateralism, institution building, democracy, good governance and human rights.

    MIL OSI Europe News –

    June 17, 2025
  • MIL-OSI Europe: EU Fact Sheets – European Citizens’ Initiative – 16-06-2025

    Source: European Parliament

    The European Citizens’ Initiative (ECI) is an important instrument of participatory democracy in the EU, allowing one million citizens residing in one quarter of the Member States to invite the Commission to submit a proposal for a legal act to implement the EU Treaties. Since the application of a 2011 Regulation establishing detailed procedures for the ECI, eleven initiatives have been successfully submitted to the Commission. As of January 2020, new rules apply to make the ECI more accessible.

    MIL OSI Europe News –

    June 17, 2025
  • MIL-OSI Europe: Latest news – Constitutive Meeting, on 30 September 2024 – Delegation for relations with Bosnia and Herzegovina and Kosovo, including the EU-Bosnia and Herzegovina Stabilisation and Association Parliamentary Committee and the EU-Kosovo Stabilisation and Association Parliamentary Committee

    Source: European Parliament

    The constitutive meeting of the European Parliament’s Delegation to the EU-Kosovo Stabilisation and Association Parliamentary Committee (SAPC) and the EU-Bosnia & Herzegovina (BiH) SAPC was held on

    • Monday, 30 September 2024, 15.30-15.50, in Room ASP 5/G3 (Altiero Spinelli Building)

    MIL OSI Europe News –

    June 17, 2025
  • MIL-OSI Europe: EU Fact Sheets – The ubiquitous digital single market – 16-06-2025

    Source: European Parliament

    Recent shocks, such as the COVID-19 pandemic and the war in Ukraine, have revealed not only the single market’s vulnerability to crises, but also the extent to which its good functioning is important to the EU’s competitiveness. The digital single market plays a transitory role as it benefits the economy, reduces environmental impacts and enhances quality of life through e-commerce and e-governance. The transition of services from fixed to mobile platforms demands an EU framework for cloud computing, cross-border content access and seamless mobile data coverage, which also ensures privacy and cybersecurity. The Digital Services and Digital Markets Acts will significantly transform the market in the coming years.

    MIL OSI Europe News –

    June 17, 2025
  • MIL-OSI Europe: EU Fact Sheets – Competition policy – 16-06-2025

    Source: European Parliament

    The main objective of the EU competition rules is to enable the proper functioning of the EU’s internal market. The Treaty on the Functioning of the European Union (TFEU) aims to prevent restrictions on and distortions of competition, such as the abuse of dominant positions, anti-competitive agreements, and mergers and acquisitions should they reduce competition. Furthermore, State aid is prohibited when it leads to distortions of competition, but can be authorised in specific cases.

    MIL OSI Europe News –

    June 17, 2025
  • MIL-OSI Europe: EU Fact Sheets – Common security and defence policy – 16-06-2025

    Source: European Parliament

    The common security and defence policy (CSDP) is an integral part of the EU’s common foreign and security policy (CFSP). The CSDP is the main policy framework through which Member States can develop a European strategic culture of security and defence, address conflicts and crises together, protect the EU and its citizens, and strengthen international peace and security. As a result of the tense geopolitical context, the CSDP has been one of the fastest developing policies over the last 10 years. Since 24 February 2022, the Russian war of aggression against Ukraine has acted as a geopolitical reset for Europe and created further impetus for what should become a European Defence Union.

    MIL OSI Europe News –

    June 17, 2025
  • MIL-OSI Europe: EU Fact Sheets – Free movement of goods – 16-06-2025

    Source: European Parliament

    The free movement of goods was bolstered by eliminating customs duties as well as other non-tariff barriers. Principles like mutual recognition and standardisation further advanced the internal market. The 2008 New Legislative Framework enhanced the movement of goods, EU market surveillance and the CE (European Conformity) mark. Yet, challenges on internal market harmonisation persist and other factors can still hinder the full free movement of goods.

    MIL OSI Europe News –

    June 17, 2025
  • MIL-OSI Economics: Gent Sejko: Launching of the EBRD Transition Report 2024-25

    Source: Bank for International Settlements

    Dear guests, colleagues and friends,

    It is a special pleasure for me to be with you hosting the presentation of the Transition Report 2024-25 by the European Bank for Reconstruction and Development (EBRD).

    The Transition Report 2024-25 provides an in-depth analysis of a highly dynamic issue of nowadays: the reformulation of industrial policies in a global context shaped by new challenges and opportunities.  The EBRD, while placing it at the heart of this year’s Report, highlights the increasing complexity and strategic rebound of industrial policies as a tool to address structural changes in both advanced and developing economies in the 21st century.

    Nowadays, these policies in addition to being considered as a merely tool supporting the existing industries, should also be seen as a lever for establishing diversified and innovative economies. For more than two decades, in Albania and the region, we have prioritized structural reforms that build strong institutions, improve the business climate, and create an open and competitive economy. Over the past five years, these reforms have contributed to an average economic growth of 3.5–4%, a reduction in unemployment to 11.3% in 2024, and a 7% growth in private consumption. These reforms have been-and remain-essential, but today, they are no longer sufficient, as we face a completely different global reality.

    • Geopolitical tensions have caused a 30% increase in the cost of global supply chains since 2020.
    • According to WTO, trade fragmentation has reduced the global trade flow by 5.4% in 2023.
    • Reindustrialization policies in advanced economies (e.g., the Inflation Reduction Act in the USA and the EU Green Deal) which now channel over 80% of global investments in clean technologies.  

    Many economies-including our economy-are currently facing a demographic decline, changes in the labour market, and sectoral imbalances. In this context, the debate on industrial policies has shifted from discussion to clear, data-driven strategies.

    What does this mean in practice?

    First, we need to understand that today’s industrial policies are not about protecting old industries, in contrary they promote sectors of the future-those that can grow, scale up, and create sustainable value. For many EBRD countries, including Albania, the path to growth through traditional industrial exports has become more difficult. In its place, a new opportunity is emerging: the export of digitalized and internationally tradable services.

    These “global innovation services”- such as information technology, design, logistics, and data analysis-are at the heart of productivity growth and added value. But to develop them, strong foundations are needed, such as: investments in education, a skilled workforce, modern digital infrastructure, and high institutional capacities. Some Central and Eastern European economies have already become leading exporters in the field of computer services. Albania also has the potential to follow this path.

    Second, the policies we undertake must be aligned with the European integration process. As a small and open economy, with 70% of trade oriented towards the EU, Albania has much to gain by moving towards the European Union convergence. Moreover, membership in SEPA brings us closer to European markets and reduces international transaction costs by 30%.

    Third, we should ensure inclusion and sustainability. Industrial policies, in addition to focusing on sectors where we have potential to win in global markets, should also focus on those that are vital for employment and social cohesion within Albania. Specific-tailored local policies should underpin industrial policies, such as special economic zones-and be carefully designed, by emphasizing local and regional specific characteristics.

    Fourth, state aid should be directed on firms with high potential. Data show that new and dynamic firms are the main drivers of employment and innovation. Policies aimed at stimulating them-such as loan guarantees, subsidized interest loans, or government-backed venture capital funds-can make a big difference.

    Dear guests,

    In this debate on industrial policy and development directions, the role of the central bank, although not direct, is special and irreplaceable.

    The central bank does not compile industrial policies, but it contributes to them as a guarantor of macroeconomic and financial stability-a fundamental condition for any sustainable development. Today, we can say that the Albanian economy continues to grow (GDP grew by 4% in 2024, inflation remained at 2%, private credit increased by 16.7%, and the non-performing loans ratio has dropped to a historic low of 4%). These facts reflect a sound, stable financial system able to support the real sector.

    Price stability, functional financial systems, a banking sector, and a modern payment system that serves the real economy-are important prerequisites for long-term investment and sustainable development of the country. Beyond this, the Bank of Albania is also providing a significant contribution to improving financial inclusion through innovations in payment systems and membership in SEPA, the institutionalization of the basic account, effective supervision, financial education, and the promotion of financial innovation. These interventions open new markets and opportunities, so the Bank of Albania will continue to contribute to all these areas with dedication and professionalism.

    Concluding, I invite you to be ambitious yet prudent; to design industrial policies that are smart, inclusive, and aligned with our long-term aspirations. Above all, let us invest not only in sectors of economy, but also in people as the basic unit of the workforce, as well as in institutions and infrastructure that will define the Albania of tomorrow, in our path towards European integration, as a space of opportunities for continuous transformation.

    Thank You!

    MIL OSI Economics –

    June 17, 2025
  • MIL-OSI Economics: Gent Sejko: Launching of the EBRD Transition Report 2024-25

    Source: Bank for International Settlements

    Dear guests, colleagues and friends,

    It is a special pleasure for me to be with you hosting the presentation of the Transition Report 2024-25 by the European Bank for Reconstruction and Development (EBRD).

    The Transition Report 2024-25 provides an in-depth analysis of a highly dynamic issue of nowadays: the reformulation of industrial policies in a global context shaped by new challenges and opportunities.  The EBRD, while placing it at the heart of this year’s Report, highlights the increasing complexity and strategic rebound of industrial policies as a tool to address structural changes in both advanced and developing economies in the 21st century.

    Nowadays, these policies in addition to being considered as a merely tool supporting the existing industries, should also be seen as a lever for establishing diversified and innovative economies. For more than two decades, in Albania and the region, we have prioritized structural reforms that build strong institutions, improve the business climate, and create an open and competitive economy. Over the past five years, these reforms have contributed to an average economic growth of 3.5–4%, a reduction in unemployment to 11.3% in 2024, and a 7% growth in private consumption. These reforms have been-and remain-essential, but today, they are no longer sufficient, as we face a completely different global reality.

    • Geopolitical tensions have caused a 30% increase in the cost of global supply chains since 2020.
    • According to WTO, trade fragmentation has reduced the global trade flow by 5.4% in 2023.
    • Reindustrialization policies in advanced economies (e.g., the Inflation Reduction Act in the USA and the EU Green Deal) which now channel over 80% of global investments in clean technologies.  

    Many economies-including our economy-are currently facing a demographic decline, changes in the labour market, and sectoral imbalances. In this context, the debate on industrial policies has shifted from discussion to clear, data-driven strategies.

    What does this mean in practice?

    First, we need to understand that today’s industrial policies are not about protecting old industries, in contrary they promote sectors of the future-those that can grow, scale up, and create sustainable value. For many EBRD countries, including Albania, the path to growth through traditional industrial exports has become more difficult. In its place, a new opportunity is emerging: the export of digitalized and internationally tradable services.

    These “global innovation services”- such as information technology, design, logistics, and data analysis-are at the heart of productivity growth and added value. But to develop them, strong foundations are needed, such as: investments in education, a skilled workforce, modern digital infrastructure, and high institutional capacities. Some Central and Eastern European economies have already become leading exporters in the field of computer services. Albania also has the potential to follow this path.

    Second, the policies we undertake must be aligned with the European integration process. As a small and open economy, with 70% of trade oriented towards the EU, Albania has much to gain by moving towards the European Union convergence. Moreover, membership in SEPA brings us closer to European markets and reduces international transaction costs by 30%.

    Third, we should ensure inclusion and sustainability. Industrial policies, in addition to focusing on sectors where we have potential to win in global markets, should also focus on those that are vital for employment and social cohesion within Albania. Specific-tailored local policies should underpin industrial policies, such as special economic zones-and be carefully designed, by emphasizing local and regional specific characteristics.

    Fourth, state aid should be directed on firms with high potential. Data show that new and dynamic firms are the main drivers of employment and innovation. Policies aimed at stimulating them-such as loan guarantees, subsidized interest loans, or government-backed venture capital funds-can make a big difference.

    Dear guests,

    In this debate on industrial policy and development directions, the role of the central bank, although not direct, is special and irreplaceable.

    The central bank does not compile industrial policies, but it contributes to them as a guarantor of macroeconomic and financial stability-a fundamental condition for any sustainable development. Today, we can say that the Albanian economy continues to grow (GDP grew by 4% in 2024, inflation remained at 2%, private credit increased by 16.7%, and the non-performing loans ratio has dropped to a historic low of 4%). These facts reflect a sound, stable financial system able to support the real sector.

    Price stability, functional financial systems, a banking sector, and a modern payment system that serves the real economy-are important prerequisites for long-term investment and sustainable development of the country. Beyond this, the Bank of Albania is also providing a significant contribution to improving financial inclusion through innovations in payment systems and membership in SEPA, the institutionalization of the basic account, effective supervision, financial education, and the promotion of financial innovation. These interventions open new markets and opportunities, so the Bank of Albania will continue to contribute to all these areas with dedication and professionalism.

    Concluding, I invite you to be ambitious yet prudent; to design industrial policies that are smart, inclusive, and aligned with our long-term aspirations. Above all, let us invest not only in sectors of economy, but also in people as the basic unit of the workforce, as well as in institutions and infrastructure that will define the Albania of tomorrow, in our path towards European integration, as a space of opportunities for continuous transformation.

    Thank You!

    MIL OSI Economics –

    June 17, 2025
  • MIL-OSI NGOs: ‘We were only asking for our rights’: Tunisian authorities punish mobilization for socioeconomic and environmental rights

    Source: Amnesty International –

    Against the backdrop of a deepening cost of living and environmental crisis and despite repeatedly committing to upholding economic and social justice for the most disadvantaged, over the past five years Tunisia’s authorities have targeted individuals from marginalized and impoverished communities for peacefully protesting or striking over socioeconomic and environmental issues, Amnesty International said in a new report published today.  

    The report, ‘We were only asking for our rights and dignity’, highlights how Tunisia’s authorities have arrested, investigated or prosecuted people for peacefully protesting or striking over socioeconomic and environmental issues such as poor working conditions, pollution and access to water using vague charges of “obstruction.”    

    Between February 2020 and January 2025, the authorities have targeted at least 90 peaceful protesters, activists, trade unionists, and workers simply for exercising their rights to freedom of peaceful assembly, to form and join a union, and to organize and participate in strikes.  

    Instead of using vague ‘obstruction’ charges to stifle or punish expressions of peaceful dissent or dissatisfaction over basic rights related to environmental or labour-related concerns Tunisia’s authorities should be working to safeguard and uphold the right to freedom of peaceful assembly in line with their international human rights obligations.

    Sara Hashash, Deputy Regional Director for the Middle East and North Africa at Amnesty International.

    “The right to freedom of peaceful assembly is fundamental to a thriving society and serves as a crucial means to strengthen human rights and protect workers’ rights,” said Sara Hashash, Deputy Regional Director for the Middle East and North Africa at Amnesty International.   

    “This report highlights a worrying pattern of unjust criminalization of peaceful activism, usually at a local level where communities or workers have mobilized for their basic socioeconomic or environmental rights. It is another, less visible, manifestation of the repression of peaceful dissent within a broader crackdown on human rights and the rule of law in Tunisia and further threatens civic space in the country. 

    “Instead of using vague ‘obstruction’ charges to stifle or punish expressions of peaceful dissent or dissatisfaction over basic rights related to environmental or labour-related concerns Tunisia’s authorities should be working to safeguard and uphold the right to freedom of peaceful assembly in line with their international human rights obligations.” 

    Amnesty International has investigated nine cases as illustrative examples of a wider pattern of criminalization of peaceful assemblies using “obstruction” charges, cases which are likely to be under-reported due to their localization, the lack of access to human rights organization by affected communities and the fear of reprisals from authorities and employers.  

    The organization interviewed 26 people, eight of their lawyers and four family members to document these cases involving the investigation, arrest or prosecution of 90 people using “obstruction” charges. These vaguely formulated provisions do not meet the principle of legality and do not proscribe an internationally recognized criminal offence.  

    The legal proceedings were initiated in reprisal against peaceful assemblies or union activism, often affiliated with the Tunisian General Labour Union (UGTT), and have sought to deter protesters and others from participating in future protests and strikes. Among those targeted, 16 were arrested and detained for periods ranging between three days and 20 months. Individuals targeted include residents and environmental rights activists who protested for their right to water and a healthy environment, and workers and unionists who organized protests and strikes over employment and working conditions.  

    As one striking female worker from a shoe factory in Kairouan stated: “It was the last straw, we decided to take action… We are not protected from chemicals we use in the factory… in the summer we have to work in very high temperatures; there is no water, no respect for our welfare… If you get sick you get a pay cut… You are dismissed if unable to work… There is always a lot of verbal abuse and insults.”  

    She described how they were summoned by police in November 2024 right before the constitutive meeting for a new union: “[They] wanted us to say that [we were] manipulated into doing something illegal, or that we had other suspicious motives, but there was no basis to it. We were only asking for our rights and our dignity.” 

    While most of the individuals concerned were convicted and sentenced to fines or suspended prison terms, or have not been detained pending trial, this pattern has a chilling effect on individuals considering voicing concerns over their social, economic, and environmental rights.  

    A local resident from the town of Bargou in the northern region of Siliana who participated in a protest about access to water in February 2023 stated: “It was barely a protest, we stood on the side of the road holding signs, there wasn’t any disruption. They [the police] summoned dozens of people for that’” 

    A local activist from the eastern region of Sfax, convicted for his involvement in an environmental protest movement in June 2023, told Amnesty International: “Everyone was taken to court. It was a way to silence us… to say close your mouth or you will go to prison”. 

    In February 2020, authorities summoned a group of women forestry maintenance workers in Sfax following a sit-in to protest their working conditions. Police asked them to sign statements in which they would commit not to protest again, infringing on their right to peaceful assembly.  

    Compounding this, in five of the cases documented, serious violations of the right to a fair trial and due process took place, including instances where defendants’ rights to information and adequate defense were denied.  

    In eight of the nine cases investigated, authorities used Article 136 of the Penal Code on “obstruction of work,” and in one case, they used Article 107 of the Penal Code on “obstruction of a public service.”  

    “Obstruction” charges have at times also been used as part of a set of charges brought against prominent political and civil society figures who expressed their opposition to President Kais Said, such as judge Anas Hmedi and opposition party leader Abir Moussi. 

    “The arbitrary application of these vaguely worded ‘obstruction’ legal provisions, coupled with fair trial violations, violates Tunisia’s international human rights obligations and sends a chilling message to anyone daring to speak out for their rights,” said Sara Hashash.  

    “Tunisia’s authorities must immediately quash convictions and drop charges in all cases relating t individuals’ participation in peaceful street protests and labour strikes. They must also repeal Articles 107 and 136 of the Penal Code or amend them in line with international human rights standards.” 

    Following President Kais Saied’s power grab on 25 July 2021, Tunisian authorities have escalated a wider crackdown on human rights including the right to freedom of expression and all forms of dissent, using repressive laws and unfounded charges to prosecute and arbitrarily detain political opponents, journalists, human rights defenders and civil society activists, lawyers and other perceived critics, while eroding judicial independence and the rule of law.  

    The rights to freedom of expression and peaceful assembly are guaranteed under the International Covenant on Civil and Political Rights (ICCPR) and the African Charter on Human and Peoples’ Rights, to which Tunisia is a state party. Under international human rights law, states have an obligation to tolerate temporary obstruction caused by a peaceful assembly, such as disruption of road traffic, pedestrian movements, or economic activity. The mere obstruction of movement or traffic cannot be equated with violence.

    MIL OSI NGO –

    June 17, 2025
  • MIL-OSI Africa: Private sector urged to use SAYouth.mobi to create more job opportunities

    Source: South Africa News Agency

    President Cyril Ramaphosa has called on businesses and other public sector entities to use SAYouth.mobi to provide more pathways for young people to earning and learning.

    In his weekly newsletter, the President reflected that the country observed Youth Day on 16 June in tribute to the generations of young people who continue to inspire the ongoing pursuit for social justice, equality and opportunity for all.

    “The private sector needs to use all available mechanisms, including the Employee Tax Incentive, to hire young people.

    “South Africa’s young people deserve to lead lives of dignity. Unemployment is robbing far too many youths of this right. As government and business, let us continue to work together and do all within our means to empower young people to find jobs and create their own opportunities,” the President said. 

    WATCH | Youth Day commemoration 

    [embedded content]

    President Ramaphosa said that if the country is to live up to the democratic promise for which so many sacrificed their lives, it is essential to invest in today’s generation of young people and unleash their potential.

    Like many parts of the world, he highlighted that South Africa is grappling with high youth unemployment. 

    “To overcome this challenge, we need an approach that includes investing in education and skills development, fostering youth entrepreneurship and implementing targeted employment programmes focusing on young people,” he said. 

    As part of this work, government established the Presidential Employment Stimulus and the Presidential Youth Employment Intervention, initiatives that are providing opportunities to hundreds of thousands of young people at a time when not enough jobs are being created to absorb new entrants into the labour market.

    Since it began in 2020, the Presidential Employment Stimulus has provided more than two million jobs and livelihood opportunities. Of the participants in the programme to date, 72% are young people and 66% are women.

    A vital part of government’s efforts to empower young people is the SAYouth.mobi platform, which is a single point for unemployed young South Africans to access opportunities for work, training and learning.

    There are now over 4.7 million young people registered on the SAYouth platform and the Department of Employment and Labour’s employment services database. Through these platforms, young people have been supported to access over 1.6 million earning opportunities.

    “Last week in the City of Tshwane, I met with a number of young people who told me excitedly they had been approached by potential employers who had seen their profiles on SA Youth.mobi.

    “I want to encourage young job-seekers to utilise this trusted recruitment platform at https://sayouth.mobi/. Registration is free and the app is zero rated, meaning you can access the site and its contents without incurring any data charges,” the President said. 

    READ | Presidential Youth Initiative continues to empower SA’s most excluded youth

    The President said government has also focused on providing workplace experience and on-the-job training. He added that young people have often expressed frustration around the onerous experience requirements from employers, which effectively serve as a barrier to entry for them. 

    In 2019, government abolished the work experience requirement for entry level jobs in the public sector. Through the Youth Employment Service, a collaboration with the private sector, thousands of young people have been placed in workplace experience opportunities in a range of economic sectors.

    “The extent and scale of the youth unemployment crisis means that we should not focus solely on placing more young people in formal, existing jobs, but that we must bolster skills development and foster an entrepreneurial culture.

    “It is critical that we overcome the mismatch between the skills available in the workforce and market need,” he said. 

    President Ramaphosa said this is why government is investing in vocational training. 

    “We have increased funding to Technical and Vocational Education and Training (TVET) colleges and subsidies for the operationalisation of new campuses. Each year, we are placing thousands of learners and graduates into workplace experience opportunities.

    “Entrepreneurship is a key economic growth driver, but rates of entrepreneurial activity in South Africa are relatively low compared to other countries. We are working to foster an enabling environment that allows more young people to become self-employed,” the President said. 

    The Presidential Youth Employment Intervention has been working with the National Youth Development Agency and the Department of Small Business Development to financial and non-financial support to young people for their businesses.

    “Through all of these initiatives, the state has supported millions of young South Africans with work opportunities, work experience and skills development. However, we can only vastly scale up the employment of young people with greater private sector involvement,” the President said. – SAnews.gov.za

    MIL OSI Africa –

    June 17, 2025
  • MIL-OSI Banking: Eurosystem launches single collateral management system

    Source: European Central Bank

    17 June 2025

    • Eurosystem Collateral Management System marks significant step in harmonisation of collateral management in euro area
    • New set-up replaces 20 collateral management systems previously operated by national central banks

    The Eurosystem successfully launched its new, unified Eurosystem Collateral Management System (ECMS) on 16 June 2025 after the migration to the new set-up was completed over the weekend of 13-15 June. The ECMS thus becomes the fourth TARGET Service in operation, advancing the Eurosystem’s vision for a unified, efficient and innovative European financial framework.

    The ECMS manages assets used as collateral in Eurosystem credit operations. Together with the other TARGET Services, the ECMS will ensure that cash, securities and collateral can flow freely across Europe.

    The software and the environment for the new system were delivered by the Deutsche Bundesbank, the Banco de España, the Banque de France and the Banca d’Italia – the four national central banks that act as service providers for TARGET Services (T2, TARGET2-Securities and TIPS). The successful launch of the ECMS reflects the joint efforts and commitment of all euro area central banks in supporting their market participants (counterparties, central securities depositories and triparty agents) throughout this project. Thanks to close cooperation and extensive activities such as testing and migration rehearsals, all parties have ensured that participants can fully leverage the benefits of the new platform from day one.

    With the ECMS going live, the Eurosystem now offers a single system that harmonises the management of collateral for Eurosystem credit operations. The ECMS replaces the individual national collateral management systems previously operated by the 20 euro area national central banks. Furthermore, the ECMS will facilitate the smooth flow of cash, securities and collateral within the euro area by enhancing the liquidity management features of the TARGET Services.

    For media enquiries, please contact Alessandro Speciale, tel.: +49 172 1670791.

    MIL OSI Global Banks –

    June 17, 2025
  • MIL-OSI Banking: Thales Alenia Space signs contract with OHB to provide critical elements for LISA mission

    Source: Thales Group

    Headline: Thales Alenia Space signs contract with OHB to provide critical elements for LISA mission

    The European Space Agency’s LISA mission will be the first space-based observatory designed to detect and study gravitational waves arising from cosmic events

    Paris Air Show — June 17, 2025 — Thales Alenia Space, the joint venture between Thales (67%) and Leonardo (33%), has signed a €263 million contract with prime contractor OHB System AG for the development of key elements for ESA’s Laser Interferometer Space Antenna (LISA) mission. LISA will be the first space-based observatory dedicated to studying gravitational waves.

    LISA mission © OHB

    LISA: a future constellation of three satellites spaced 2.5 million kilometers apart.

    LISA will detect gravitational waves, ripples in space-time predicted by Einstein’s general theory of relativity generated by massive accelerating objects, with a sensitivity and in a frequency range that cannot be measured from the ground. 

    This groundbreaking mission will enable scientists to study gravitational waves generated by many different types of events, from interacting compact stars to merging supermassive black holes at the cores of galaxies, and to expand our cosmic horizon back to the epochs preceding the formation of stars and galaxies.

    The spacecraft must be meticulously designed to ensure that no forces, apart from the geometry of space-time itself, influence the movement of the masses, so that they are in near-perfect free-fall along the measurement directions.

    The LISA mission will feature a three-satellite constellation positioned in a triangular formation, spaced 2.5 million kilometers apart, trailing or preceding Earth in its orbit around the Sun. Each satellite will carry two reference masses, and laser beams will be transmitted between the satellites to measure the displacement of these masses with a precision ten times smaller than that of an atom. The three satellites are scheduled to launch in 2035 aboard an Ariane 6 rocket.

    LISA mission: Thales Alenia Space’s contribution

    Thales Alenia Space will provide prime contractor OHB System AG with several mission-critical elements, including the spacecraft avionics and control software, the telecommunication system, and the drag-free and attitude control system (DFACS). The DFACS is a core component of the LISA mission. It will perform the “constellation acquisition” operation, consisting in establishing and maintaining the laser links between the satellites, and will compensate the non-gravitational forces on the spacecraft, such as solar radiation pressure, so that the test masses follow a purely geodesic motion along the satellite-to-satellite direction.

    Thales Alenia Space is also responsible for ensuring the exceptional electromagnetic, radiation, and self-gravity operational environment for the payload, essential to mission performance, for which Thales Alenia Space is also managing the budgets. 

    Leonardo is also contributing with its technologies to the LISA mission with some key equipment, such as the micro propulsion assemblies, a highly precise system of thrusters used to control the satellite’s attitude with extreme accuracy.
     

    Who’s doing what at Thales Alenia Space?

    Thales Alenia Space in Italy, particularly at its Turin facility, is the only member of the LISA Core Team with experience and design solutions inherited from the study phase, which lasted over five years and was led by Thales Alenia Space as the prime contractor. Thales Alenia Space in the UK is working as a subcontractor for OHB, responsible for the satellites’ propulsion system, while the Swiss division is involved in developing part of the instrument’s electronics and of the Constellation Acquisition System for LISA. Other company sites will also have the opportunity to contribute to the LISA mission, supplying spacecraft subsystems or equipment.
     

    Leveraging a longstanding legacy in science and space exploration

    The spacecraft builds on the legacy of LISA Pathfinder, which successfully demonstrated the ability to maintain test masses in free-fall with an extraordinary level of precision. The same precision propulsion system, which has also been utilized on ESA’s Gaia and Euclid missions, will ensure that each spacecraft keeps the laser interferometer beams pointed at the remote spacecraft 2.5 million kilometers away with the utmost accuracy.

    Signature Ceremony © ESA

    “I am delighted with this new mission, which builds on Thales Alenia Space’s longstanding legacy in numerous European scientific missions,” said Giampiero Di Paolo, Deputy CEO and Senior Vice President Observation, Exploration, and Navigation at Thales Alenia Space. “From the GOCE mission, the first satellite equipped with a ‘drag-free’ control system successfully developed by Thales Alenia Space, to Euclid, which utilized key technologies planned for the LISA mission, we are proud to be advancing science through our expertise and technical capabilities”.

    About Thales Alenia Space 

    Drawing on over 40 years of experience and a unique combination of skills, expertise and cultures, Thales Alenia Space delivers cost-effective solutions for telecommunications, navigation, Earth observation, environmental monitoring, exploration, science and orbital infrastructures. Governments and private industry alike count on Thales Alenia Space to design satellite-based systems that provide anytime, anywhere connections and positioning, monitor our planet, enhance management of its resources, and explore our Solar System and beyond. Thales Alenia Space sees space as a new horizon, helping to build a better, more sustainable life on Earth. A joint venture between Thales (67%) and Leonardo (33%), Thales Alenia Space also teams up with Telespazio to form the Space Alliance, which offers a complete range of solutions including services. Thales Alenia Space posted consolidated revenues of €2.23 billion in 2024 and has more than 8,100 employees in 7 countries with 15 sites in Europe.  

    MIL OSI Global Banks –

    June 17, 2025
  • MIL-OSI Banking: Thales to supply Airbus Defence & Spacewith safety satcom for its A400M military transport aircraft

    Source: Thales Group

    Headline: Thales to supply Airbus Defence & Spacewith safety satcom for its A400M military transport aircraft

    Airbus Defence & Space has selected Thales to supply the safety satcom system of the A400M military transport aircraft programme. The A400M is a military airlifter that combines the ability to fly to long distances, carrying loads too heavy or too large for medium airlifters. Extended connectivity is thus critical for ensuring mission success and operational effectiveness.

    MIL OSI Global Banks –

    June 17, 2025
  • MIL-OSI Banking: Kenya’s Strathmore University wins John H. Jackson Moot Court Competition

    Source: WTO

    Headline: Kenya’s Strathmore University wins John H. Jackson Moot Court Competition

    The John H. Jackson Moot Court Competition is a simulated hearing under the rules of the WTO dispute settlement system involving exchanges of written submissions and adversarial hearings before panelists on international trade law issues.
    This year, 65 universities from around the world participated in the competition. After successfully competing in their regional rounds, the 24 best teams from 15 WTO members convened in Geneva.
    After three days of intense competition, four teams qualified for the semi-finals: Strathmore University, Kenya; the University of International Business and Economics, China; West Bengal National University of Juridical Sciences, India; and Kenyatta University, Kenya. Ultimately, Strathmore University, Kenya, and West Bengal National University of Juridical Sciences, India, advanced to the Grand Final.
    The distinguished panel of trade law experts presiding over the Grand Final was chaired by Gabrielle Marceau, Professor Emerita from the University of Geneva. Other panel members included Professor Geraldo Vidigal of the University of Amsterdam Law School; Dr Gracia Marín Durán, Vice Dean of International Affairs of University College London; Christian Lau, a partner at Dentons; and Marco Molina who has served as a panelist in five WTO disputes. The panel also featured Professor Krista Nadakavukaren from the World Trade Institute, an academic supporter of the competition, and Joanna Redelbach, Counsel in the Brussels office of the platinum sponsor, Van Bael and Bellis.
    The winning team from Strathmore University comprised Mr Anthony Kigochu Mburu, Ms Clare Wangeci Kaira, and Mr Javier Delmar Mario. The second-place team from West Bengal National University of Juridical Sciences consisted of Ms Pragya Mittal, Ms Nupur Gupta, Ms Rohini Mehta, and Ms Piyush Barshini Mohapatra.
    Both teams delivered excellent performances in their regional rounds in Nairobi and Jodhpur and throughout the week of the Final Oral Round showcasing their oral advocacy skills and mastery of WTO law. The WTO warmly congratulates both teams and wishes them success in their future careers in international trade law.
    Students and teams were also awarded prizes from the WTO Secretariat and sponsors of the competition based on the excellence of their written submissions and oratorical skills. Winners of individual and team awards received prizes from the WTO Secretariat staff supporting the competition, the Advisory Centre on WTO Law, and Georgetown University as well as scholarships for courses at the World Trade Institute at the University of Bern (Switzerland). In addition, all participants in the Final Oral Round, including coaches, are eligible to apply for a 50% tuition scholarship to study at Georgetown University Law Center (United States). Georgetown will designate two Jackson scholars each year.
    Ambassador Clare Kelly of New Zealand, Chair of the Dispute Settlement Body, handed out the prizes to the winners as follows:

    National Law School of India University, India: Best Complainant Written Submission
    University of Münster, Germany: Best Respondent Written Submission
    Maastricht University, Netherlands: Best Overall Written Submissions
    Ms Michelle Hennessey, University of Ottawa, Canada: Best Orator of the Preliminary Rounds
    Ms Clare Kaira, Strathmore University, Kenya, and Ms Tianzi Chang, University of International Business and Economics, China: Best Orator of the Quarterfinal Rounds
    Ms Celine Maina, Kenyatta University, Kenya: Best Orator of the Semifinal Rounds
    Ms Clare Kaira, Strathmore University, Kenya: Best Orator in the Grand Final.

    The competition is organized by the European Law Students’ Association (ELSA). The WTO has been a technical supporter of the competition since its inception in 2002. The John H. Jackson Moot Court Competition is an example of the WTO’s broad support for capacity building.
    The recording of the grand final is available here. For more information about the John H. Jackson Moot Court Competition, visit its website here.

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    MIL OSI Global Banks –

    June 17, 2025
  • Markets slip on geopolitical tensions, rising crude prices

    Source: Government of India

    Source: Government of India (4)

    Indian equity markets ended lower on Tuesday, weighed down by escalating tensions in the Middle East and concerns over rising crude oil prices, which added to inflationary worries and dampened investor sentiment.

    After a muted opening, both benchmark indices briefly traded in positive territory before succumbing to sustained selling pressure through the session. The BSE Sensex declined by 212.85 points, closing at 81,583.30, while the NSE Nifty fell 93.10 points to end at 24,853.40. The Sensex touched an intraday low of 81,427 during the day’s trade.

    Market participants remained cautious ahead of the US Federal Reserve’s policy decision, with geopolitical developments also casting a shadow. US President Donald Trump’s sharp warning to Iran amid heightened Middle East tensions added to the nervousness in global markets.

    “The benchmark equity index experienced moderate losses amid the rising risk of escalation in the Middle East, ahead of the FOMC meeting,” said Vinod Nair, Head of Research at Geojit Financial Services. He noted that a sharp uptick in Brent crude prices posed fresh headwinds for India, which remains heavily dependent on oil imports.

    The broader market reflected a similar trend. The Nifty Midcap 100 and Nifty Smallcap 100 indices declined by 0.79 per cent and 0.82 per cent, respectively, underlining weakness across segments.

    Sectoral performance remained subdued, with IT being the sole gainer. Pharma and metal stocks bore the brunt of the selling, with the Nifty Pharma index falling 1.89 per cent and the Metal index shedding 1.43 per cent. Other sectors, including consumer durables, oil and gas, realty, auto, energy, FMCG, and media, closed with losses of up to 1 per cent.

    Among the Sensex constituents, Tata Motors, Sun Pharma, Bajaj Finance, IndusInd Bank, Bajaj Finserv, Eicher Motors, and Nestle India emerged as the top laggards. On the other hand, Tech Mahindra, Infosys, Asian Paints, Maruti Suzuki, NTPC, TCS, and HCL Tech registered modest gains and offered some support to the indices.

    Sundar Kewat, Head of Research at Ashika Institutional Equity, observed that persistent concerns over crude oil are fueling inflation fears in India, the world’s second-largest oil importer. “Investors are now eyeing the Federal Reserve’s rate decision on Wednesday, which will likely have a significant bearing on global market sentiment,” he added.

    Meanwhile, the rupee weakened by 18 paise to close at 86.22 against the US dollar, tracking risk-off sentiment due to the escalating Israel-Iran conflict.

    (IANS)

    June 17, 2025
  • Smriti Mandhana returns to no. 1 in ICC ODI batting rankings

    Source: Government of India

    Source: Government of India (4)

    India opener Smriti Mandhana has reclaimed the top spot in the ICC Women’s ODI Batting Rankings, marking her return to the summit for the first time since November 2019. The latest rankings update released by the International Cricket Council (ICC) on Tuesday confirmed the 28-year-old’s rise to the number one position with 727 rating points.

    Mandhana climbed one spot to displace South Africa’s Laura Wolvaardt, who now shares the second position with England’s captain Nat Sciver-Brunt. Wolvaardt registered scores of 27 and 28 in the first two matches of South Africa’s ongoing series against the West Indies, resulting in her slide down the rankings.

    Mandhana’s return to form has been evident in recent months. She struck her 11th ODI century during the final of the tri-series involving Sri Lanka and South Africa in Colombo, helping India clinch the title.

    The latest rankings update also reflected gains for several other players. Tazmin Brits of South Africa moved up five places to 27th after scoring a half-century in the opening match of the series in Barbados. The three-match series is currently level at 1–1, with South Africa responding to their four-wicket defeat in the first game by securing a 40-run win in the second.

    West Indies batters Shemaine Campbelle jumped seven spots to 62nd, while Qiana Joseph climbed 12 places to joint-67th after contributing a 60-run knock in the first ODI.

    Former South Africa captain Sune Luus featured among the biggest movers. Her innings of 76 in the second match propelled her seven places up to 42nd in the batters’ list. She also rose an equal number of positions in the bowlers’ rankings, reaching 42nd.

    On the bowling front, West Indies spinner Afy Fletcher made the most significant advance, moving into the top 20. Her four-wicket haul against South Africa lifted her to 19th on the ODI bowlers’ list, which continues to be led by England’s left-arm spinner Sophie Ecclestone.

    (With inputs from agencies)

    June 17, 2025
  • MIL-OSI United Kingdom: Boost to UK defence and trade as Carrier Strike Group arrives in the Indo-Pacific

    Source: United Kingdom – Executive Government & Departments

    Press release

    Boost to UK defence and trade as Carrier Strike Group arrives in the Indo-Pacific

    Port visits to Singapore, Indonesia, Japan, and Republic of Korea will boost UK trade and defence cooperation

    UK security and growth has received a boost as the UK-led international Carrier Strike Group (CSG25) began operations in the Indo-Pacific.

    Led by the aircraft carrier, HMS Prince of Wales, CSG25 has undertaken a joint exercise with the Indian Navy, deepening the UK’s defence relationship with a key strategic partner ahead of a port visit to India later this year. 

    The deployment, known as Operation Highmast, includes ships from Canada, Norway and Spain, and has now been joined by a New Zealand Frigate, HMNZS Te Kaha, after entering the Indian Ocean, having passed through the Red Sea. 

    The task group, which left the UK in April, previously completed exercises in the Mediterranean. 

    Minister for the Armed Forces, Luke Pollard said:  

    I am delighted that our Carrier Strike Group and 4,000 Service Personnel, are now operating in the Indo-Pacific region. Working with our Allies and partners, to keep Britain secure at home and strong abroad. 

    This isn’t just about hard power; the upcoming exercises and port visits are about building influence and boosting trade opportunities both for defence and other sectors of our economy which will deliver British jobs and growth, and delivers on the Government’s Plan for Change.

    Commodore James Blackmore, Commander CSG said:  

    The deployment sends a powerful message that the UK and its allies are committed to security and stability in the Indo-Pacific region. It’s a privilege to lead our sailors, marines, soldiers and aircrew as we demonstrate warfighting capability.

    Over the next few months, CSG25 will join British Army and Royal Air Force units to participate in Exercise Talisman Sabre 2025, the Australian-led multinational exercise involving US and many other regional partners. This major exercise builds towards full operational capability of the UK’s carrier strike capability.  

    With two F-35B squadrons embarked, the RAF and Royal Navy are set to redefine the landscape of naval air power, in a move to warfighting readiness in support of NATO, while reinforcing Britain’s commitment to security in the Indo-Pacific region. 

    Port visits to Singapore, Indonesia, Japan and the Republic of Korea will showcase British defence capabilities through trade demonstrations and fairs, directly supporting the Government’s Plan for Change through economic growth. A port visit to Darwin, Australia, provides an opportunity to further develop the AUKUS partnership between Australia, the UK and the United States. 

    The Carrier Strike Group will also host the prestigious Pacific Future Forum in Japan, bringing together defence, security and technology leaders from across the region to discuss shared challenges. 

    The deployment follows the Prime Minister’s historic commitment to increase defence spending to 2.6% of GDP, demonstrating the Government’s commitment to keep the UK secure at home and strong abroad. 

    Keeping the country safe is the Government’s first priority and is the foundation of its Plan for Change. The strength, capability and global reach of the Royal Navy, British Army, and Royal Air Force, demonstrated through Operation Highmast, is critical to the security and stability of the UK, supporting the delivery of the Government’s five missions.

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    Published 17 June 2025

    MIL OSI United Kingdom –

    June 17, 2025
  • MIL-OSI Russia: Sobyanin: Number of operations on children with congenital heart defects increased by 30%

    Translation. Region: Russian Federal

    Source: Moscow Government – Government of Moscow –

    Over the past five years, the number of operations on children with congenital heart defects has increased by 30 percent. Sergei Sobyanin reported this in his telegram channel.

    “Such significant results were achieved thanks to the comprehensive development of pediatric cardiology care. Today, specialized centers operate on the premises of two of the largest children’s hospitals —

    named after N.F. Filatov And Morozovsky“, the Mayor of Moscow wrote.

    Source: Sergei Sobyanin’s Telegram channel @mos_sobyanin

    Modern technologies allow to treat even the smallest patients, including premature babies. Doctors perform high-tech operations both on the open heart and using gentle X-ray endovascular methods – without incisions. Such approaches help to avoid many complications and reduce the time the child stays in the hospital.

    Cardiology centers provide everything necessary: diagnostics before surgery, preparation for it, and observation after discharge for a year. If there are no contraindications, children can return to an active life and sports in a year.

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

    Please Note; This Information is Raw Content Directly from the Information Source. It is access to What the Source Is Stating and Does Not Reflect

    HTTPS: //vv.mos.ru/mayor/tkhemes/12952050/

    MIL OSI Russia News –

    June 17, 2025
  • MIL-OSI Asia-Pac: Public urged not to buy or use topical products containing undeclared controlled ingredients (with photo)

    Source: Hong Kong Government special administrative region – 4

    The Department of Health (DH) today (June 17) appealed to the public not to buy or use four types of topical products as they were found to contain undeclared controlled drug ingredients. These products include:
     

    Product name Part 1 poisons found
    1. Zangyao xuanduwang Clobetasol propionate, ketoconazole and miconazole
    2. King poison to itch Antibacterial cream Clobetasol propionate, ketoconazole and miconazole
    3. HE SHENG MEI LANG DU WANG Clobetasol propionate, ketoconazole and miconazole
    4. ZHONG HUA ZHEN JUN WANG Antibacterial cream Clobetasol propionate and miconazole

     
    Acting upon intelligence, the DH has collected samples of the above-mentioned products from a retail stall in Tuen Mun for analysis. Test results from the Government Laboratory revealed that the above products contained undeclared controlled drug ingredients, which are Part 1 poisons under the Pharmacy and Poisons Ordinance (Cap. 138). These products are also suspected to be unregistered pharmaceutical products. The DH, in collaboration with the Police, took enforcement action at the premises today. During the operation, a 51-year-old woman was arrested for suspected illegal sale and possession of Part 1 poisons and unregistered pharmaceutical products. The DH’s investigation is still ongoing.
     
    Clobetasol propionate is a steroid substance for treating inflammation. Inappropriate application of steroids could cause skin problems and systemic side effects such as moon face, high blood pressure, high blood sugar, adrenal insufficiency and osteoporosis. Products containing clobetasol propionate are prescription medicines that should be used under a doctor’s directions and be supplied in the premises of an Authorized Seller of Poisons (i.e. a pharmacy) under the supervision of a registered pharmacist upon a doctor’s prescription. Ketoconazole and miconazole are used for the treatment of fungal infections with side effects including local irritation and sensitivity reactions. Topical products containing ketoconazole and miconazole should be supplied in a pharmacy under the supervision of a registered pharmacist.
     
    According to the Ordinance, all pharmaceutical products must be registered with the Pharmacy and Poisons Board of Hong Kong before they can be sold in the market. Illegal sale or possession of unregistered pharmaceutical products or Part 1 poisons is a criminal offence. Upon conviction, the maximum penalty for each offence is a fine of $100,000 and two years’ imprisonment.
     
    The DH strongly urged members of the public not to buy or use products of doubtful composition or from unknown sources. All registered pharmaceutical products should carry a Hong Kong registration number on the package in the format of “HK-XXXXX”. The safety, quality and efficacy of unregistered pharmaceutical products are not guaranteed.
     
    People who have purchased the products concerned should stop using them immediately and consult healthcare professionals if in doubt or if they feel unwell after use. They may submit the products to the Drug Office of the DH at Room 1804-06, 18/F, Wing On Kowloon Centre, 345 Nathan Road, Kowloon, during office hours for disposal.

    MIL OSI Asia Pacific News –

    June 17, 2025
  • MIL-OSI Asia-Pac: Hong Kong ranks among world’s top three most competitive economies in World Competitiveness Yearbook 2025

    Source: Hong Kong Government special administrative region

         In the latest World Competitiveness Yearbook (WCY) 2025 published by the International Institute for Management Development (IMD), Hong Kong’s global competitiveness rises by two places further to third globally, after improving by two places to fifth last year. This marks Hong Kong’s return to the global top three for the first time since 2019. 
     
         WCY 2025 shows that Hong Kong’s competitiveness improves significantly, with a total score of 99.2 out of 100 and an increase of 7.7 points, representing the largest increase among the global top 10 economies.
     
         Among the four competitiveness factors in WCY 2025, Hong Kong rises to second globally in “Government efficiency” and “Business efficiency”. Its respective rankings in “Economic performance” and “Infrastructure” also improve to sixth and seventh globally. As regards the competitiveness sub-factors, Hong Kong tops the rankings in “Tax policy” and “Business legislation”, and ranks second globally in “International investment”, “Education” and “Finance”, and third globally in “International trade” and “Management practices”. 
     
         A Government spokesperson said today (June 17), “Having taken into account a host of factors including objective data and business opinions, the IMD’s WCY 2025 has reaffirmed Hong Kong as one of the most competitive economies in the world with a continuous rise in ranking. Hong Kong’s scores in overall terms and in many areas have improved in WCY 2025, showing that the HKSAR Government’s policy directions are on the right course and that various policies have yielded results. In particular, ‘Government efficiency’ is ranked second globally, which reflects the inherent excellence and competence of civil servants, and also validates that the change in government culture led by the Chief Executive to drive result-oriented policies has borne fruit. With the efforts of civil servants and the leadership of the governing team, the Government can efficiently deliver results that benefit our people and bring them better livelihoods. In addition, our ranking in ‘Business efficiency’ also comes second globally, reflecting business leaders’ positive views on Hong Kong’s competitiveness, as well as Hong Kong’s strengths including the rule of law, independent exercise of judicial power, a simple tax system with low tax rates, an efficient and transparent market, a robust financial system, a facilitating business environment aligned with international best practices, and free flow of capital, information, goods and talent, which are affirmed by the business community.”
     
         The spokesperson stated, “Hong Kong’s economic growth this year is forecast to be 2 per cent to 3 per cent. Against this backdrop, the number of companies registered in Hong Kong reached a new high. Hong Kong is in a period of economic restructuring. Some industries are performing very well, while others, such as the retail and catering industries, are facing challenges. The Government has announced a series of measures to support small and medium-sized enterprises, assisting them in upgrading and transforming, enhancing their brands, and exploring new markets.
     
         “In the face of a complicated global economic and political landscape, Hong Kong will understand changes accurately, respond to changes scientifically, and embrace changes proactively. We will continue to actively integrate into the overall national development and align with national development strategies to consolidate our functional role as a ‘super connector’ and a ‘super value-adder’, while continuously strengthening our governance systems and governance efficacy. We will strengthen international exchanges and co-operation, expand and deepen regional trade, and explore new markets, with a view to building a vibrant economy, striving for development, and improving people’s livelihoods on all fronts. With the staunch support of the country, Hong Kong is poised to achieve higher-quality and more sustainable development.”

    MIL OSI Asia Pacific News –

    June 17, 2025
  • MIL-OSI Asia-Pac: Chinese Culture Festival 2025’s “Encountering Chinese Culture” Carnival to be held in Sha Tin on June 22 (with photos)

    Source: Hong Kong Government special administrative region

    The Chinese Culture Festival (CCF) 2025, organised by the Leisure and Cultural Services Department (LCSD), will hold the “Encountering Chinese Culture” Carnival on June 22 (Sunday) at Sha Tin Town Hall and New Town Plaza. Through stage performances rich in Chinese cultural characteristics, “Vibrant ICH” performances, booth activities and more, the Carnival will bring fine traditional Chinese culture and intangible cultural heritage (ICH) items into the community for public enjoyment and raise people’s awareness of and interest in Chinese culture as well as ICH. Members of the public are invited to join for free. “Vibrant ICH” performances and booth activities are also programmes of Hong Kong ICH Month 2025. 

         The Carnival will kick off with a fire dragon dance by the Pok Fu Lam Village Fire Dragon Association at 2pm at the Entrance Arena at L1, Phase 1 of New Town Plaza, followed by a number of performances by outstanding arts groups and ICH practitioners from the Mainland and Hong Kong. Audience members can preview highlighted excerpts from some of this year’s CCF programmes, including the Museum Series: “The Sounds from Cultural Relics”, the “Ancient Styles ‧ Modern Chants” Classical Literature × Contemporary Dance and the “Taisheng and Huayin Lao Qiang: Big Uncle, Second Uncle are All His Uncles” Concert with collaboration from the China Federation of Literary and Art Circles Hong Kong Member Association. 

    MIL OSI Asia Pacific News –

    June 17, 2025
  • MIL-OSI Asia-Pac: Auction of vehicle registration marks to be held on July 6

    Source: Hong Kong Government special administrative region

    The Transport Department (TD) today (June 17) announced that the auction of vehicle registration marks will be held on July 6 (Sunday) at Meeting Room S221, L2, Old Wing, Hong Kong Convention and Exhibition Centre, Wan Chai.

    “A total of 200 traditional vehicle registration marks (TVRMs) will be put up for public auction in the morning session, and 144 personalised vehicle registration marks (PVRMs) will be put up for auction in the afternoon session. The list of marks has been uploaded to the department’s website, www.td.gov.hk/en/public_services/vehicle_registration_mark/index.html
    For the auction of TVRMs, only registration marks starting with “HK” or “XX” and special vehicle registration marks are put up for physical auction. Applicants should attend the auction and take note of the opening price as announced by the auctioneer before participating in the bidding of the mark.(ii) the identity document of the purchaser if it is different from the successful bidder;
    (iii) a copy of the Certificate of Incorporation if the purchaser is a body corporate; and
    (iv) a crossed cheque payable to “The Government of the Hong Kong Special Administrative Region” or “The Government of the HKSAR”. Any bidder who wishes to bid for both TVRMs and PVRMs on the same day, should bring along at least two crossed cheques for payment of auction prices (for an auctioned mark paid for by cheque, the first three working days after the date of auction will be required for cheque clearance confirmation before processing of the application for mark assignment can be completed). Successful bidders may also pay through the Easy Pay System (EPS), but are reminded to note the maximum transfer amount in the same day of the payment card. Payment by post-dated cheque, cash, credit card or other methods will not be accepted.

    MIL OSI Asia Pacific News –

    June 17, 2025
  • 90-strong Indian Army unit departs for Indo-French exercise SHAKTI

    Source: Government of India

    Source: Government of India (4)

    A contingent of the Indian Army departed on Monday to participate in the eighth edition of the Indo-French joint military exercise, Shakti, set to be held from June 18 to July 1, at Camp Larzac, La Cavalerie, in southern France.

    The Indian team comprises 90 personnel, with the Jammu and Kashmir Rifles leading the representation, supported by troops from various arms and services. The French Army contingent, also numbering 90 personnel, will include soldiers from the 13th Foreign Legion Half-Brigade (13th DBLE), a renowned unit of the French Foreign Legion.

    Exercise Shakti, a biennial engagement between the Indian and French armies, is designed to deepen interoperability and operational cooperation, with this edition focusing on joint operations in a sub-conventional environment in accordance with Chapter VII of the United Nations Charter. Training will take place in semi-urban terrain, reflecting the complexities of modern conflict scenarios.

    The joint exercise is expected to enhance coordination between the two armies through shared tactical drills and exchanges on Tactics, Techniques and Procedures (TTPs). Troops will also train on contemporary military technologies and equipment while undertaking physically demanding activities aimed at building endurance and cohesion.

    Beyond operational objectives, the exercise is expected to strengthen military-to-military ties, promote mutual understanding, and foster camaraderie between the personnel of the two nations.

    Exercise Shakti-VIII is emblematic of the growing strategic partnership between India and France. Defence cooperation remains a key pillar of bilateral relations, with both countries regularly engaging in military exchanges, joint exercises, and high-level visits.

    June 17, 2025
  • Rains lash Delhi-NCR, residents get relief from scorching heat

    Source: Government of India

    Source: Government of India (4)

    After days of relentless heatwave and high humidity, Delhi-NCR residents finally received much-needed relief because of the sudden spell of rain on Tuesday. The national capital and its adjoining areas witnessed light to heavy showers accompanied by gusty winds, leading to drop in temperatures across the region.

    The afternoon downpour began with strong winds sweeping across several areas, including AIIMS, Qutub Institutional Area, and other parts of South and Central Delhi. As rain intensified, temperatures fell noticeably, turning the atmosphere cool and pleasant. The skies, which had remained cloudless for days, finally opened up, much to the delight of Delhiites weary of the scorching heat for days now.

    The relief wasn’t limited to Delhi alone. Neighbouring areas in the National Capital Region (NCR), including Noida, Ghaziabad also experienced significant showers. Noida and Ghaziabad, in particular, saw heavy rain following strong gusts of wind, bringing instant respite from rising humidity and unbearable temperatures. Roads quickly turned wet, and the familiar summer dust gave way to the fresh scent of monsoon showers.

    In Ghaziabad, the sudden burst of wind was followed by heavy rain, bringing instant relief to residents.

    Meanwhile, the Indian Meteorological Department (IMD) has issued a fresh advisory forecasting hailstorms and thunderstorms accompanied by moderate to heavy rainfall and lightning, with wind speeds reaching 50–70 km/h. The alert covers several areas of Delhi, including Jafarpur, Narela, Dwarka, IGI Airport, Tughlakabad, and many parts of NCR such as Noida, Greater Noida, Faridabad, and Gurugram.

    Isolated regions in Haryana (Jhajjar, Farukhnagar), Uttar Pradesh (Sikandrabad, Debai, Sahaswan), and Rajasthan (Laxmangarh, Rajgarh, Nadbai) are also likely to experience similar weather patterns within the next two hours.

    The IMD has also forecasted that the temperature in this week will range between 33 degrees Celsius and 36 degrees Celsius during the daytime, whereas the nighttime temperature will range between 25 degrees Celsius to 29 degrees Celsius.

    The IMD’s bulletin added that light to moderate rainfall, accompanied by thunderstorms and gusty winds ranging from 40–60 km/h, is expected to continue throughout the evening, further extending relief to the region.

    (IANS)

    June 17, 2025
  • World oil demand to keep growing this decade despite 2027 China peak, IEA says

    Source: Government of India

    Source: Government of India (4)

    Global oil demand will keep growing until around the end of this decade despite peaking in top importer China in 2027, as cheaper gasoline and slower electric vehicle adoption in the United States support consumption, the International Energy Agency said on Tuesday.

    The IEA, which advises industrialised countries, did not change its prediction that demand will peak by 2029, but sees China demand peaking earlier due to growth in electric vehicles.

    Its view that global demand will peak in a few years sharply contrasts with that of producer group the Organization of the Petroleum Exporting Countries (OPEC) which says consumption will keep growing and has not forecast a peak.

    Oil demand will peak at 105.6 million barrels per day (bpd) by 2029 and then fall slightly in 2030, a table in the Paris-based IEA’s annual report shows. At the same time, global production capacity is forecast to rise by more than 5 million bpd to 114.7 million bpd by 2030.

    A conflict between Israel and Iran has highlighted the risk to Middle East supplies, helping send oil prices up 5% to above $74 a barrel on Friday. Still, the latest forecasts suggest ample supplies through 2030 if there are no major disruptions, the IEA said.

    “Based on the fundamentals, oil markets look set to be well-supplied in the years ahead,” said IEA Executive Director Fatih Birol in a statement. “But recent events sharply highlight the significant geopolitical risks to oil supply security,” Birol said.

    In a separate report on Tuesday, which included a commentary on the market impact of the Israel-Iran conflict, the IEA said the world market looks well supplied this year in the absence of a major disruption as growth in supply exceeds that of demand.

    World demand will rise by 720,000 bpd this year, the IEA said, down 20,000 bpd from last month’s forecast. Supply will increase by 1.8 million bpd, up 200,000 bpd from last month, partly due to OPEC+ increasing output.

    CHINA PEAK

    After decades of leading global oil demand growth, China’s contribution is sputtering as it faces economic challenges as well as making a big shift to EVs.

    The world’s second-largest economy is set to see its oil consumption peak in 2027, following a surge in EV sales and the deployment of high-speed rail and trucks running on natural gas, the IEA said. In February, it predicted China’s demand for road and air transport fuels may have already peaked.

    China’s total oil consumption in 2030 is now set to be only marginally higher than in 2024, the IEA said, compared with growth of around 1 million bpd forecast in last year’s report.

    By contrast, lower gasoline prices and slower EV adoption in the United States, the world’s largest oil consumer, have boosted the 2030 oil demand forecast by 1.1 million bpd compared with the previous prediction, the IEA said.

    U.S. electric vehicles are now expected to account for 20% of U.S. total car sales in 2030, down from 55% assumed last year, the report said.

    Since returning to office, U.S. President Donald Trump has demanded OPEC lower oil prices and has taken aim at EVs through steps such as signing resolutions approved by lawmakers barring California’s EV sales mandates.

    (Reuters0

    June 17, 2025
  • US appeals court to rule on Trump’s Los Angeles troop deployment

    Source: Government of India

    Source: Government of India (4)

    A federal appeals court will hear arguments on Tuesday on President Donald Trump’s authority to deploy the National Guard and Marines to Los Angeles amid protests and civil unrest, days after a lower court ruled that the president unlawfully called the National Guard into service.

    The lower court‘s ruling last Thursday was put on hold hours later by the San Francisco-based 9th U.S. Circuit Court of Appeals, which will consider the Trump administration’s request for a longer pause during its appeal.

    U.S. District Judge Charles Breyer in San Francisco had ruled that the Republican president unlawfully took control of California’s National Guard and deployed 4,000 troops to Los Angeles against the wishes of Democratic California Governor Gavin Newsom. Trump also ordered 700 U.S. Marines to the city after sending in the National Guard, but Breyer has not yet ruled on the legality of the Marines’ mobilization.

    Breyer said Trump had not complied with the law that allows him to take control of the National Guard to address rebellions or invasions, and ordered Trump to return control of California’s National Guard to Newsom, who sued over the deployment.

    Trump’s decision to send troops into Los Angeles sparked a national debate about the use of the military on U.S. soil and inflamed political tensions in a city in the midst of protest and turmoil over Trump’s immigration raids.

    Political unrest spread to other parts of the country over the weekend, when a gunman assassinated a Democratic lawmaker in Minnesota and large protests took place in many other cities to coincide with a military parade that celebrated the U.S. Army’s 250th anniversary on the same day as Trump’s 79th birthday.

    California’s lawsuit, filed on June 9, argues that Trump’s deployment of the National Guard and the Marines violate the state’s sovereignty and U.S. laws that forbid federal troops from participating in civilian law enforcement.

    The Trump administration has denied that troops are engaging in law enforcement, saying that they were instead protecting federal buildings and personnel, including U.S. Immigration and Customs Enforcement officers.

    The Trump administration argues that the law gives the president sole discretion to determine whether a “rebellion or danger of a rebellion” requires a military response and that neither the courts nor a state governor can second-guess that determination.

    In Thursday’s order, Breyer said the protest fell far short of qualifying as a rebellion.

    “The Court is troubled by the implication inherent in Defendants’ argument that protest against the federal government, a core civil liberty protected by the First Amendment, can justify a finding of rebellion,” Breyer wrote.

    The three-judge panel of the 9th Circuit that will hear the case consists of two judges appointed by Trump in his first term and one judge who was appointed by Democratic President Joe Biden.

    (Reuters)

    June 17, 2025
  • MIL-OSI Video: Presidential Spokesperson Mr Magwenya on President Ramaphosa participation at the G7 Leaders’ Summit

    Source: Republic of South Africa (video statements)

    Presidential Spokesperson Mr Magwenya on President Ramaphosa participation at the G7 Leaders’ Summit

    https://www.youtube.com/watch?v=O55_HGCzK5k

    MIL OSI Video –

    June 17, 2025
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