NewzIntel.com

Category: Asia Pacific

  • MIL-OSI USA: Attorney General Bonta Asks Court to Enforce Order Against Trump Administration Over Continued Disruptions to FEMA Funding

    Source: US State of California

    OAKLAND – California Attorney General Rob Bonta, leading a coalition of 23 state attorneys general, asked the District Court for the District of Rhode Island to enforce its preliminary injunction against the Trump Administration as states continue to face obstacles in accessing obligated Federal Emergency Management Agency (FEMA) funding. Despite the coalition’s success in unlocking billions in wrongfully frozen funds through a preliminary injunction and earlier motion to enforce, the Trump Administration has continued to freeze millions of dollars in FEMA funding for critical emergency preparedness and recovery programs, including disaster relief for communities affected by the Maui wildfires.

    “The Trump Administration must follow the law and release vital, previously awarded FEMA funding to the states,” said Attorney General Bonta. “Without this funding, Hawaii and other states may be forced to wind down disaster relief programs, including those actively helping victims of the Maui wildfires rebuild. We cannot let the Trump Administration duck its legal obligation here as it attempts to seize the power of the purse at the expense of Congress and the U.S. Constitution.”

    In January, a coalition of 23 attorneys general, led by the attorneys general of California, New York, Rhode Island, Illinois, and Massachusetts, sued the Trump Administration over its attempt to freeze up to $3 trillion in federal funding. The U.S. District Court for the District of Rhode Island quickly granted the attorneys general’s request for a temporary restraining order, blocking the freeze’s implementation until further order from the court. Soon after, the attorneys general filed motions for enforcement and a preliminary injunction to stop the illegal freeze and preserve federal funding that Congress appropriated and that families, communities, and states rely on. The court granted the motion for enforcement, ordering the Administration to immediately comply with its temporary restraining order, and later, the motion for a preliminary injunction.  

    Attorney General Bonta is joined by the attorneys general of Arizona, Colorado, Connecticut, Delaware, the District of Columbia, Hawaii, Illinois, Maine, Maryland, Massachusetts, Michigan, Minnesota, Nevada, North Carolina, New Jersey, New Mexico, New York, Oregon, Rhode Island, Vermont, Washington, and Wisconsin in filing the motion to enforce.

    A copy of the motion to enforce is available here.

    MIL OSI USA News –

  • MIL-OSI Security: Winnebago Man Sentenced for Assault Resulting in Substantial Bodily Injury

    Source: Federal Bureau of Investigation (FBI) State Crime News

    Acting United States Attorney Matt R. Molsen announced that Gabriel Lee Rice, 36, of Winnebago, Nebraska, was sentenced on March 20, 2025, in federal court in Omaha, Nebraska for assault resulting in substantial bodily injury to a spouse or intimate or dating partner. United States District Court Judge Brian C. Buescher sentenced Rice to 30 months’ imprisonment. There is no parole in the federal system. After Rice’s release from prison, he will begin a 3-year term of supervised release.

    In July 2022, Rice assaulted a woman known to him, pinning her against a wall, then covering her mouth and nose with his hand. Rice restricted the victim’s breathing to the point that the victim could not breathe at all and fell unconscious. The assault occurred in front of a child.

    This case was prosecuted in federal court because the offense was a felony and occurred on the Winnebago Indian Reservation in Nebraska.

    This case was investigated by the Federal Bureau of Investigation.

    MIL Security OSI –

  • MIL-OSI United Kingdom: European Pipe Band Championships returning to Perth

    Source: Scotland – City of Perth

    Following a successful debut in Perth last year, organisers The Royal Scottish Pipe Band Association (RSPBA) is bringing the championships back to the South Inch on Saturday, August 9.

    The event is one of the biggest piping competitions in the world.

    More than 100 pipe band from across the world will be taking part in the competition, with musicians from as far afield as Canada and Australia taking part along with dozens of bands from across Scotland.

    Tickets for the European Pipe Band Championships will go on sale on April 1 through Perthshire Box Office and will also be available on the gate.

    Perth and Kinross Provost Xander McDade said: “We’re looking forward to returning to Perth in August for the European Pipe Band Championships.

    “Last year’s event was a fantastic success and I am sure 2025’s will be even bigger and better.

    “This is one of the most important competitions in the piping calendar and is an amazing showcase of Scottish culture that the whole family can enjoy.”

    Perth and Kinross Council leader Councillor Grant Laing said: “This will be another fantastic showcase for Perth and I am sure it will be another unforgettable competition.

    “I look forward to welcoming pipe bands from across the world back to Perth in August.”

    Royal Scottish Pipe Band Association Chief Executive Colin Mulhern, said: “Last year’s spectacular European Pipe Band Championships attracted a fantastic attendance from bands from across the globe, as well as spectators from near and far. This demonstrated just how much this iconic event means to the international piping community, and how much interest there is in the music of Scotland’s national instrument.

    “This year’s Europeans promises another superb showcase of piping, drumming and drum majors, and – judging from the number and very strong contingent of bands already signed up – we can look forward to an incredible, hard-fought contest. We’re expecting a tremendous turn-out at the South Inch in Perth on Saturday 9 August, so are urging everyone planning to attend not to delay in booking their tickets so they don’t miss out on a truly unforgettable experience

    Alison Duthie, RSPBA Director for Dundee, Perth and Angus said: “”It’s fantastic to have the European Pipe Band Championships return to the Fair City of Perth. We have bands from all over the world joining us for another spectacular day of Piping, Drumming and Drum Majors.

    “It would be great to have the South Inch filled with spectators to boost the bands and give them support. We look forward to welcoming everyone to the South Inch for what looks to be a wonderful showcase of Scottish Tradition alive and kicking.”

    MIL OSI United Kingdom –

  • MIL-OSI Australia: Latest news on tax and superannuation law and policy

    Source:

    Latest announcements

    Budget 2025-26

    The government handed down the 2025-26 Budget on 25 March 2025, with several changes to tax and superannuation laws (see budget.gov.auExternal Link).

    Budget changes to tax and superannuation laws

    Measure name

    Proposed start date

    Developments

    Amendments to Existing Measures: Extending the clean building managed investment trust withholding tax concession

    1 October 2025 or the ‘first day of the 1st quarter after Royal Assent’, whichever is the later

    TBC

    Amendments to Existing Measures: Foreign resident capital gains tax changes

    1 October 2025 or the ‘first day of the 1st quarter after Royal Assent’, whichever is the later

    TBC

    Amendments to Existing Measures: Managed Investment Trusts

    13 March 2025

    TBC

    Personal Income Tax – new tax cuts for every Australian taxpayer

    1 July 2026

    TBC

    Illicit Tobacco Compliance and Enforcement Package – direct and targeted enforcement to counter profits from illicit tobacco

    1 July 2025

    N/A

    Personal Income Tax – increasing the Medicare levy low-income thresholds

    1 July 2025

    TBC

    Restricting Foreign Ownership of Housing

    1 April 2025

    N/A

    Strengthening Tax Integrity: Extension and expansion to the Personal Income Tax Compliance Program

    1 July 2025

    N/A

    Strengthening Tax Integrity: Extension and expansion to the Shadow Economy Compliance Program

    1 July 2025

    N/A

    Strengthening Tax Integrity: Extension and expansion to the Tax Avoidance Taskforce

    1 July 2025

    N/A

    Strengthening Tax Integrity: Extension to the Tax Integrity Program

    1 July 2026

    N/A

    Supporting Philanthropy

    Various

    TBC

    Supporting the Hospitality Sector and Alcohol Producers

    Various

    TBC

    MYEFO 2024-25

    The government handed down the 2024–25 MYEFO on 18 December 2024, with several changes to tax and superannuation laws (see budget.gov.auExternal Link).

    MIL OSI News –

  • MIL-OSI Australia: Banning foreign purchases of established dwellings

    Source:

    On 16 February 2025, the Government announced that it will impose a temporary ban on foreign purchases of established dwellings for at least 2 years and crack down on land banking.

    From 1 April 2025 to 31 March 2027, foreign persons, including temporary residents and foreign-owned companies, cannot apply to buy an established dwelling in Australia unless an exception applies. These limited exceptions will include investments that significantly increase housing supply or support the availability of housing supply, and for the Pacific Australia Labour Mobility (PALM) scheme.

    Other existing exceptions remain in place, such as for purchases by:

    • permanent residents
    • New Zealand citizens
    • spouses of Australian citizens, permanent residents or New Zealand citizens (when purchased as joint tenants).

    A review will be undertaken to determine if the ban should be extended beyond 31 March 2027.

    We will enforce the ban through enhanced screening of foreign investment proposals relating to residential properties.

    We will carry out a full audit of current foreign investment approvals for vacant residential land development.

    We will also take a tougher stance on compliance of foreign investment approvals for vacant residential land development. This will help ensure that foreign investors who have bought or want to buy vacant residential land meet development conditions.

    For more information see:

    MIL OSI News –

  • MIL-OSI Australia: Personal income tax – new tax cuts for every Australian taxpayer

    Source:

    As part of the 2025-26 Federal Budget, the Government announced from 1 July 2026 they will deliver new tax cuts to every Australian taxpayer. The new tax cuts aim to provide more cost-of-living relief and return bracket creep. This measure is not yet law.

    Under the Government’s new tax cuts:

    • From 1 July 2026, the 16 per cent rate will be reduced to 15 per cent.

    • From 1 July 2027, the 15 per cent rate will be reduced further to 14 per cent.

    These tax cuts are in addition to the first round of tax cuts that were announced by The Hon Anthony Albanese MP on 25 January 2024External Link.

    For more information see:

    MIL OSI News –

  • MIL-OSI USA: SBA Relief Still Available to Indiana Small Businesses and Private Nonprofits Affected by July Storms and Tornadoes

    Source: United States Small Business Administration

    ATLANTA – The U.S. Small Business Administration (SBA) is reminding small businesses and private nonprofit (PNP) organizations in Indiana of the April 23, 2025, deadline to apply for low interest federal disaster loans to offset economic losses caused by the severe storms and tornadoes occurring on July 9, 2024.  

    The disaster declaration covers the counties of Gibson, Knox, Pike, Posey, Vanderburgh and Warrick in Indiana, as well as Gallatin, Wabash and White counties in Illinois, and Henderson and Union counties in Kentucky.   

    Under this declaration, SBA’s Economic Injury Disaster Loan (EIDL) program is available to small businesses, small agricultural cooperatives and PNPs with financial losses directly related to the disaster. The SBA is unable to provide disaster loans to agricultural producers, farmers, or ranchers, except for small aquaculture enterprises 

    EIDLs are for working capital needs caused by the disaster and are available even if the business or PNP did not suffer any physical damage. The loans may be used to pay fixed debts, payroll, accounts payable, and other bills not paid due to the disaster. 

    “SBA loans help eligible small businesses and private nonprofits cover operating expenses after a disaster, which is crucial for their recovery,” said Chris Stallings, associate administrator of the Office of Disaster Recovery and Resilience at the SBA. “These loans not only help business owners get back on their feet but also play a key role in sustaining local economies in the aftermath of a disaster.” 

    The loan amount can be up to $2 million with interest rates as low as 4% for small businesses and 3.25% for PNPs, with terms up to 30 years. Interest does not accrue, and payments are not due, until 12 months from the date of the first loan disbursement. The SBA sets loan amounts and terms based on each applicant’s financial condition. 

    To apply online visit sba.gov/disaster. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for information on SBA disaster assistance. For people who are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services. 

    The deadline to return economic injury applications is April 23, 2025. 

    ### 

    About the U.S. Small Business Administration 

    The U.S. Small Business Administration helps power the American dream of business ownership. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow or expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov. 

    MIL OSI USA News –

  • MIL-OSI: Po Valley Energy Ltd to Present at the Oil & Gas Virtual Investor Conference March 27th

    Source: GlobeNewswire (MIL-OSI)

    PERTH, Australia, March 25, 2025 (GLOBE NEWSWIRE) — Po Valley Energy Ltd (OTCQB:PVLEF, ASX:PVE), based in Perth, Australia, involved in the production and sale of gas from the Po Valley region of Northern Italy, today announced that Kevin Bailey (Chairman) and Micheal Gentile (Non-Executive Director), will present live at the Oil & Gas Virtual Investor Conference hosted by VirtualInvestorConferences.com, on March 27th, 2025.

    DATE: March 27th
    TIME: 9:00 AM ET
    LINK: Register here
    Available for 1×1 meetings: March 27

    This will be a live, interactive online event where investors are invited to ask the company questions in real-time. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event.

    It is recommended that online investors pre-register and run the online system check to expedite participation and receive event updates.

    Learn more about the event at www.virtualinvestorconferences.com.

    Recent Company Highlights

    • Approval of 3D Seismic Campaign for the Selva Malvezzi Production Concession
    • Quarterly Activities and Cash flow report for December quarter 2024

    Po Valley Energy Limited (PVE) is involved in the production and sale of gas from the Podere Maiar 1 well, exploration for gas and condensate in the Po Valley region of Northern Italy and the appraisal and development of gas and oil fields. PVE was the first E&P company to bring new production to the Po Valley region, since the liberalisation of the Italian gas market in 1998, with the company focused on a become a meaningful domestic supplier of energy in Italy.

    About Virtual Investor Conferences®
    Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly traded companies to seamlessly present directly to investors.

    Providing a real-time investor engagement solution, VIC is specifically designed to offer companies more efficient investor access. Replicating the components of an on-site investor conference, VIC offers companies enhanced capabilities to connect with investors, schedule targeted one-on-one meetings and enhance their presentations with dynamic video content. Accelerating the next level of investor engagement, Virtual Investor Conferences delivers leading investor communications to a global network of retail and institutional investors.

    CONTACTS:
    Investors
    Name: Adrian Mulcahy
    Title: Managing Principle
    Phone: +61 438 630 422
    Email: adrian.mulcahy@automicgroup.com.aju

    Virtual Investor Conferences
    John M. Viglotti
    SVP Corporate Services, Investor Access
    OTC Markets Group
    (212) 220-2221
    johnv@otcmarkets.com

    The MIL Network –

  • MIL-OSI Economics: Meeting between NDB President Dilma Rousseff and President of Indonesia Prabowo Subianto

    Source: New Development Bank

    On March 25, 2025, H.E. Mrs. Dilma Rousseff, President of the New Development Bank (NDB) met with President of Indonesia H.E. Prabowo Subianto at the Presidential Palace in Jakarta, Indonesia.

    The Presidents discussed potential collaboration opportunities. During the meeting, President Subianto announced that Indonesia will join the New Development Bank.

    President Rousseff said that it is a great honor to have Indonesia as a new member country, recognizing the importance of Indonesia for the region, for the world, and for the BRICS.

    “We are a bank from the Global South, for the Global South. NDB respects the sovereignty of each member country and for that we are demand-led. We rely on the guidance of the strategies, plans, projects and priorities of each country to do a better job. Indonesia has all of these laid down in its Development Strategy: 2025 – 2045, its National Medium-Term Development Plan: 2025 – 2029, and its National Strategic Projects List, with 77 projects that provide investment opportunities,” said President Rousseff, adding that Indonesia’s participation in the NDB would open an enormous potential for a long-term partnership.

    President Rousseff added that NDB and Indonesia share the same priorities, mainly logistics infrastructure (railways, roads, ports and airports) and digital connectivity. We both aim to invest in sustainable development, energy transition, especially in renewables, and in urban modernization (water and sanitation, treatment of waste and electricity distribution). Our common commitment also includes projects that address inequality, overcome hunger and extreme poverty, and enhance education, health and housing.

    “Development is crucial for all EMDCs to reduce their dependency on commodities and avoid the middle-income trap. Catching up to the advanced economies, in the era of fourth industrial and technological revolution, requires investment in technology and innovation, which are a common objective of NDB and Indonesia,” said President Rousseff.

    Photo source: detiknews

    MIL OSI Economics –

  • MIL-OSI: aiCraft.Fun Soars to 500K+ Users in a Month, 1st AI Revolution on Monad Ready to Launch

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, March 25, 2025 (GLOBE NEWSWIRE) — aiCraft.fun, a rising star in the AI and Web3 space featured on Bitcoin.com, is making significant strides as the leading AI Agent Launchpad on Monad, a high-performance Layer-1 blockchain. With a user base approaching 500K+ in just one month, and a notable presence at the PLS 369 Conference in Las Vegas, the platform is positioning itself as a key player in the intersection of AI, blockchain, and real-world business applications.

    aiCraft.fun: Expanding Reach Through 20+ Strategic Partnerships

    aiCraft.fun has secured partnerships with Kintsu, Magma, Bean Exchange, and 17+ other firms, broadening its AI Agent applications across diverse sectors. aiCraft’s AI Agents optimize supply chain processes, leveraging Monad’s 10,000 TPS throughput via parallel execution on Kintsu, a liquid staking platform. AI solutions by aiCraft also enter the entertainment sector in collaboration with Magma, a Web3 gaming infrastructure provider, to transform in-game economies—an industry projected to reach $8.6 billion in revenue by 2027, per Newzoo research.

    These collaborations build on aiCraft’s existing work with Fizen.io, integrating Travel AI Agents into the Fizen Super App and its portfolio of 4,000+ global gift card brands, including Nike, Adidas, and Uber. They showcase aiCraft’s ability to deliver tailored AI solutions across industries.

    Unmatched Community Growth: 500K+ Users and 12M Transactions in Over One Month

    As a result of massive go-to-market strategies, aiCraft.fun’s growth trajectory is striking, signaling a huge launch ahead. The platform has surged to over half a million users in just over a month—a 141% jump from the 360K reported on March 17, 2025—while racking up 12M transactions, a 200% increase from 6M in the same period. This meteoric rise has solidified aiCraft’s position as a Top 3 dApp on Monad, surpassing giants like Uniswap and Magic Eden.

    With a weekly active user (WAU) of 210K, and a global reach spanning the US, UK, Hong Kong, China, Japan, aiCraft.fun is capturing the imagination of creators and businesses worldwide. Its $AICFUN token sale has also sparked buzz, with over 200 KOLs sharing posts, reflecting the excitement around this AI Agent platform.

    Hit the Spotlight at PLS 369 Conference: AI Meets Crypto Innovation

    aiCraft.fun’s momentum reached new heights at the PLS 369 Conference, at the Flamingo Las Vegas Conference Center. The team was thrilled to see their advisor, Joey Bertschler, take the stage on the AI panel, bringing aiCraft’s vision of smart tech solutions to the forefront of the crypto and business innovation conversation. Joey, a thought leader with ties to OpenAI and Forbes, highlighted how platforms like aiCraft are bridging AI and blockchain to solve real-world problems, from travel to retail to gaming.

    “Seeing Joey at PLS 369 was a proud moment for us,” said Harry, CEO of aiCraft.fun. “We’re en route to making AI Agents a cornerstone of Web3 innovation, and events like these put aiCraft in the global spotlight where it belongs.”

    Why aiCraft.fun Is the Future of AI and Web3

    Built natively on Monad—a Layer-1 blockchain with $244M in funding and Ethereum Virtual Machine (EVM) compatibility—aiCraft.fun empowers creators to train, deploy, and monetize AI Agents easily. From Sales Agents driving revenue for travel and retail to Income Generation Agents earning passive income via tips and commissions, the platform’s one-click deployment and tokenization features (via Initial Agent Offerings) are a game-changer.

    With the massive buzz on X by KOL, 20 B2B partners ready to deploy AI Agents, and a technical advisor from OpenAI and Forbes, aiCraft.fun is not just a dApp—it’s a movement. Harry expressed deep appreciation for the platform’s community: “We’re incredibly grateful to the aiNADs community for driving this growth. Their support has been invaluable, and we’re thrilled to be launching our first AI Agent with our partners and rolling out the $AICFUN token.” Built on Monad, which has raised $244 million and offers Ethereum Virtual Machine (EVM) compatibility, aiCraft is preparing to deploy its first AI Agent and launch its token, marking a pivotal step in its journey.

    Join the AI Revolution Today

    The future of AI and Web3 is here, and aiCraft.fun is leading the charge. Whether you’re a creator looking to earn passive income or a business aiming to supercharge operations, now is the time to get involved.

    Get involved & stay updated:
    Website: https://aicraft.fun/
    X: https://x.com/aicraftfun

    Contact:
    Evelyn Wong
    CMO
    info@aicraft.fun

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

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

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5112775a-da9e-4f15-9c16-e44a504fe80e

    The MIL Network –

  • MIL-OSI Economics: Dimitar Radev: Bulgaria currently fulfils unconditionally all nominal convergence criteria

    Source: Bank for International Settlements

    Dear colleagues and guests,

    Thank you for inviting me to open today’s conference. It is taking place at a particularly dynamic and challenging moment for both the global and the Bulgarian economy. Such forums are extremely useful for the exchange of analyses, opinions and ideas at a time when the need to adapt economic processes to new realities is becoming increasingly clear.

    Let’s start with the geopolitical context. In my opinion, at least for the last 35 years, it has not been as important for the economic and financial, but also for the political development of Bulgaria, as it is now.

    The key words for today’s geopolitical context are uncertainty and unpredictability about what lies ahead or, as the President of the ECB very well put it these days, quoting Paul Valéry: “The trouble with our times is that the future is not what it used to be.”

    The obvious question is, what to do in such an environment? Politicians are facing it, but not only them. It is not my job to give advice on what should be done on the political front, at least not in my capacity. I shall therefore confine myself to one sentence: Active participation in strengthening and developing the European project in today’s geopolitical context is the surest guarantee for Bulgaria’s good prospects.

    I will focus more on the economic and financial aspects.

    Developments in Ukraine and the Middle East, the increasing trade conflicts between leading economies and the process of geopolitical fragmentation, as well as the boom in digital technology development are triggering significant structural transformations in global supply chains with uncertain duration, depth and consequences.

    These developments are already having a tangible impact on international trade, leading to increased volatility in commodity prices and forcing a number of countries to adapt their economic and, in particular, industrial policies to rising protectionism worldwide. In pursuit of economic security, many economies are reviewing their dependence on external suppliers and taking measures to localise critical industries, restructuring their production chains.

    These developments are likely to have an increasing impact on Europe, which remains one of the most vulnerable economies in the context of global geopolitical uncertainties, especially with regard to energy resources. For us, this vulnerability is an even more serious risk factor, given that our country remains one of the most energy-intensive economies in Europe. Breaking long-standing energy dependencies, soaring gas and electricity prices and the need for accelerated energy transformation pose serious challenges to European economies. Energy costs continue to be significantly higher than in the US and some Asian economies, creating serious structural challenges for the competitiveness of European industry.

    In this complex global environment, Bulgaria’s starting macroeconomic position is actually not at all bad. In 2024, the country’s real GDP grew by 2.8%, i.e. above expectations, and according to the latest BNB forecast, economic growth will remain stable on positive territory, standing at 2.5% this year and 3.0% in 2026. Growth will be supported primarily by domestic demand in a context of historically very low unemployment and the absence of macroeconomic imbalances.

    The performance of our banking sector remains robust, with capital buffers, liquidity coverage and profitability above the EU average.

    Despite the deterioration of fiscal indicators in recent years, our country still has manoeuvrability, both in terms of the fiscal space available and in terms of the opportunities to restore the fiscal buffers exhausted by the recent budgets.

    Last but not least, our country currently fulfils unconditionally all nominal convergence criteria, including the price stability criterion, with which we have had problems in recent years.

    For a small and open economy like ours, which is highly integrated into global supply chains, geopolitical developments also pose a number of risks, mostly related to:

    • a continued decline in foreign demand for Bulgarian goods and services, especially in view of the deepening structural challenges faced by some of our main euro area trading partners; and
    • increased fluctuations in the prices of key energy and non-energy raw materials, which affect business production costs and household disposable income.

    In an environment of such risks, it is essential that the economy is well prepared for unexpected shocks affecting the aggregate supply of goods and services. Macroeconomic preparations mainly consist of maintaining sufficient buffers in the banking and fiscal sectors. On the one hand, the existence of such buffers would contribute to cushioning the effect of materialisation of risks and, on the other hand, to adapting to and potentially benefiting from changes in the global economy, such as the restructuring of global production chains. A good example in this regard in recent years is the relatively smooth transition of the Bulgarian economy through the COVID crisis. The high levels of fiscal reserve and bank capitalisation maintained at that time allowed our country to recover relatively quickly from the crisis and without the need for external financial support.

    In such an environment, it is extremely important to break the momentum of quantitative and structural deterioration of our fiscal position and restore fiscal buffers. I will give the following example. By the end of 2024, the fiscal reserve reached its historical low, both as a percentage of GDP (4.7%) and as a percentage of total budgetary expenditure under the Consolidated Fiscal Programme (12.3%). For comparison, the average values of these indicators for the last two decades amounted to 8.8% and 24.4%, respectively. The consolidation of the fiscal stance will remain a serious medium-term challenge against the objective need for higher public investment and military expenditure.

    Let me also say a few words about the role of the BNB. In this uncertain environment, the BNB will continue to apply conservative supervisory and regulatory policies, introducing preventive measures to ensure the resilience of the banking system. The consistency and predictability of the policies we pursue are key to the confidence of the banking sector, businesses and investors.

    Our approach will continue to include:

    • maintaining high capital and liquidity buffers that ensure the resilience of the banking system;
    • strict supervision of lending to avoid the accumulation of excessive risks on banks’ balance sheets; and
    • policy flexibility so that we can respond adequately to new challenges, including in terms of anticipatory economic growth objectives.

    In other words, we not only want to ensure stability, but also to create a predictable environment in which economic actors can plan and invest with greater confidence.

    Finally, of course, I will also touch on the subject of the country’s accession to the euro area.

    This topic unites more strongly than before the current issues we are discussing from geopolitics to economics and finance.

    We have, indeed, one final step left. I am convinced that we are able to do it with dignity and self-confidence. It is not by chance that I emphasised that at the moment our country meets all the convergence criteria.

    As a central bank, we are focused both on the successful implementation of this final step and on our full readiness to work in the context of the shared monetary sovereignty of the euro area. This includes two main groups of tasks.

    The first relates to the operationalisation of the existing capacity to operate in the euro area, including the performance of functions that we cannot perform in a currency board environment. These functions relate both to the participation in defining the Eurosystem’s monetary policy, which required the building of strong analytical capacity, and to the implementation of the common monetary policy at national level through its main instruments, including the conduct of open market operations, the preparation of conditions for participation and the technical provision of access for Bulgarian banks to the ECB’s standing facilities. In addition to our participation in the process of creating and distributing the money supply, the BNB will also act as a lender of last resort, providing extraordinary liquidity support to Bulgarian banks in case of need.

    The second task is related to logistics and technical preparation of the process of exchange and functioning of the banking system in the context of the euro area. What has been done so far is truly unprecedented for the bank and the country in terms of scale and technical complexity. It includes construction and renting of areas; supply of machinery, equipment and materials; providing in practice a new fleet of armoured and security vehicles; creation of a qualitatively new payment and IT infrastructure; development and approval of transport schemes and security systems; full readiness to mint Bulgarian euro coins and deliver the necessary euro banknotes; obtaining the necessary licences and certificates; carrying out a large number of public procurements. I am making this incomplete enumeration to underline two things: first that we have been working hard on this topic and not since yesterday or today; and second, that the BNB and the banking sector are very ready to join and operate within a euro area context.

    Allow me to finish with a few conclusions:

    • First, geopolitical uncertainty is one of the main risks to the country’s economy and finances and requires the maintenance of buffers in the banking and fiscal spheres and readiness to implement adaptive policies;
    • Second, the banking sector is well prepared to face the risks stemming from the external macroeconomic environment and can play an important role in the materialisation of potential development opportunities for key sectors of the economy by channelling credit resources to them;
    • Third, unlike the banking sector, public finances need to restore fiscal buffers in the medium term while preserving the long-term sustainability of government debt; and
    • Fourth, joining the euro area has enormous potential to become a catalyst for the country to navigate successfully in the face of global uncertainty. And this potential needs to be exploited.

    Thank you for your attention and I wish you interesting and fruitful discussions!

    MIL OSI Economics –

  • MIL-OSI Global: Uganda’s lions in decline, hyenas thriving – new findings from country’s biggest ever carnivore count

    Source: The Conversation – Africa – By Alexander Richard Braczkowski, Research Fellow at the Centre for Planetary Health and Resilient Conservation Group, Griffith University

    For nearly 15 years almost no information was available on the population status of Uganda’s large carnivores, including those in its largest national park, Murchison Falls. These species represent a critical part of Uganda’s growing tourism economy. The country is home to the famed tree-climbing lions, which are much sought after for this unique behaviour. Together, lions and leopards generate tens of thousands of dollars annually from safari viewing and allied activities.

    Keeping an eye on the proverbial prize could not be more critical for the country. When wildlife isn’t monitored rigorously, populations can disappear within just a few years, as tigers did in India’s Sariska tiger reserve.

    But many people working in conservation discourage monitoring. They argue that a “bean counter” approach to conservation overlooks the funds and actions that save animals. Others simply say that it is a hard thing to do at scale and particularly for animals that are naturally shy, have big home ranges (sometimes over multiple countries), and occur in very low numbers.

    Even in a comparatively small African country – Uganda ranks 32nd in size out of 54 countries – how does one cover enough ground to see how populations of carnivores are faring? This has been the challenge of our work in Uganda for nearly a decade now, monitoring African lions, leopards and spotted hyenas.

    Our two recent studies in Murchison Falls and six protected areas across the country sought to address the problem by drawing on a wide range of local and international experts who live and work in Uganda. Working with the Ugandan government’s Uganda Wildlife Authority research and monitoring team, we set out to identify and bring together independent scientists, government rangers, university students, lodge owners and conservation managers in the country’s major savanna parks.

    We hoped to cover more ground with people and organisations that wouldn’t traditionally work together. Doing so exposed many of these individuals for the first time to the science and field skills needed to build robust, long term monitoring programmes for threatened wildlife.

    The result is the largest, most comprehensive count of African lions, leopards and spotted hyenas. We found spotted hyenas to be doing far better than we expected. But lions are in worrying decline, indicating where conservation efforts need to be focused. Beyond that, our count proved the value of collaborating when it comes to generating data that could help save animals.

    Our unique approach

    Inspired by Kenya’s first nationwide, science-based survey of lions and other carnivores in key reserves, the first important step of this study was to secure the collaboration of the Uganda Wildlife Authority’s office of research and monitoring. Together, we identified the critical conservation stakeholders in and around six protected areas. These are Pian Upe Wildlife Reserve, Kidepo Valley, Toro Semliki, Lake Mburo, Queen Elizabeth and Murchison Falls. Leopards and hyenas occur in some other parks (such as Mount Elgon and Rwenzori National Park) but resource constraints prevented us from surveying these sites.

    We had no predisposed notions of who could or would participate in our carnivore surveys, only that we wanted people living closest to these species in the room.

    We shortlisted lodge owners, government rangers, independent scientists, university students from Kampala, NGO staff and even trophy hunters. All came together for a few days to learn about how to find carnivores in each landscape, build detection histories and analyse data. We delivered five technical workshops showing participants how to search for African lions in the landscapes together with mapping exactly where they drove.

    We also taught participants:

    • how to identify lions by their whisker spots in high-definition photographs – these are the small spots where a cat’s whiskers originate on their cheeks

    • how to determine identity in camera trap images of leopard and spotted hyena body flanks

    • post data collection analysis techniques

    • a technique to estimate population densities and abundance.

    More than 100 Ugandan and international collaborators joined in the “all hands on deck” survey, driving over 26,000km and recording 7,516 camera trap nights from 232 locations spanning a year from January 2022 to January 2023.



    Read more:
    Counting Uganda’s lions: we found that wildlife rangers do a better job than machines

    Our scientific approach focused on how to achieve the best possible counts of carnivores. In the process we identified some of the biggest shortcomings of previous surveys. These included double counting individual animals and failing to incorporate detection probability. Even worse was simply adding all individual sighted animals and not generating any local-level estimates.

    What our results tell us

    As expected, our results painted a grim picture in some areas, but marked hope for others.

    • In the majestic Murchison Falls national park, through which the River Nile runs east-west, we estimated that approximately 240 lions still remained across some 3,200km² of sampled area. This is the highest number in Uganda and at least five to 10 times higher than in the Kidepo and Queen Elizabeth parks.

    • In Queen Elizabeth national park, home to the tree-climbing lions, we found a marked decline of over 40% (just 39 individuals left in 2,400km²) since our last survey in 2018.

    • In the country’s north, Kidepo Valley, the best estimate is just 12 individual lions across 1,430km², in stark contrast with the previous estimate of 132 lions implemented nearly 15 years ago.

    In contrast, leopards appeared to continue to occur at high densities in select areas, with Lake Mburo and Murchison Falls exhibiting strong populations. Pian Upe and Queen Elizabeth’s Ishasha sector recorded the lowest densities.

    Spotted hyenas have proven far more resilient. They occur at densities ranging from 6.15 to 45.31 individuals/100km² across surveyed sites. In Queen Elizabeth, their numbers could be rising as lion populations decline, likely due to reduced competition and ongoing poaching pressure targeting lions.

    These findings underscore the urgent need for targeted conservation interventions, particularly for lions in Uganda’s struggling populations.

    Value beyond numbers

    Our approach shared the load of data collection, and gave people an opportunity and skills to engage in wildlife science. For many emerging conservationists in the country, this was their first chance to be authors on a scientific paper (an increasingly important component of postgraduate degree applications). Even if many of the people we worked with disagree on how to save large carnivores in Uganda, they could at least agree on how many there are as they had a hand in collecting the data and scrutinising it. Since we have embraced a fully science-based approach, we recognise that our surveys too should improve over time.

    Aggrey Rwetsiba, senior manager, research and monitoring at Uganda Wildlife Authority, contributed to the research on which this article is based.

    Duan Biggs receives funding from Northern Arizona University and is a member of the IUCN (World Conservation Union).

    Alexander Richard Braczkowski and Arjun M. Gopalaswamy do not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

    – ref. Uganda’s lions in decline, hyenas thriving – new findings from country’s biggest ever carnivore count – https://theconversation.com/ugandas-lions-in-decline-hyenas-thriving-new-findings-from-countrys-biggest-ever-carnivore-count-249724

    MIL OSI – Global Reports –

  • MIL-OSI Global: Women are south Asia’s ‘silent contributors’ – changing that could transform economies

    Source: The Conversation – UK – By Nirma Sadamali Jayawardena, Assistant Professor in Marketing, University of Bradford

    Whether it’s selling at a market or working in the home or in the field, south Asian women are contributing to their economies. Florian Augustin/Shutterstock

    As a child, I lived with my grandmother in a rural village in Sri Lanka where women often played an active economic role – working in sectors like farming, technology, sewing, household work or some other area. These days across South Asia, businesses led by women are on the rise, with online platforms making it easier for entrepreneurs to start with minimal investment.

    If more women could be encouraged into employment in the region, it would, of course, bring wider benefits. For instance, it’s estimated that if women’s participation in India’s workforce reached 50% from its current level of 31%, the country’s annual growth rate could increase by 1.5 percentage points.

    Female entrepreneurs in South Asia have been described as “silent contributors”, as their input to the economy and society is still not properly understood. And when their contributions go unrecognised, women can be denied access to education and career development.

    Not only that, but it can lead to women having fewer opportunities for leadership roles, financial security, and professional growth. It may discourage the participation of other women, or limit their progress in industries and societies that could benefit from greater female representation.

    Research often points to factors such as a lack of education, technical expertise, gender discrimination and low self-esteem as reasons female entrepreneurs may be demotivated.

    But after reviewing several studies, I realised there’s a deeper, more complex issue. I identified a three-pillar effect that discourages women from entrepreneurship.

    These are socio-cultural barriers, which include traditional gender roles and societal expectations; economic and financial constraints such as limited access to funding; and regulatory and institutional challenges like legal obstacles and a lack of support systems.

    These three pillars create significant hurdles for women who are trying to build their businesses.

    A study looking at Mumbai, India, found that limited affordable transport can significantly reduce women’s chances of entering the workforce or starting a business.

    For example, some Indian and Sri Lankan women are expected to stay close to home to take care of children or elderly relatives. This limits their ability to travel to markets or participate in other work. There is also the issue of poor access to education and technical skills that can hold women back in terms of development and building a business.

    These barriers are starting to receive more recognition and were depicted in the award-winning film The Great Indian Kitchen. This 2021 film in the Malayalam language tells the story of a young woman who is expected to follow traditional gender roles after her marriage. The film highlights the social norms that often deter women from working or seeking education.

    The Great Indian Kitchen trailer.

    Most women entrepreneurs in South Asia work in the informal sector. This includes street vending, agriculture, retail and home-based industries like sewing. But these sectors and enterprises often remain unregistered and are not captured in official economic data.

    For example, women in cities like Delhi in India and Colombo in Sri Lanka sell products like vegetables or handmade jewellery on the streets. Often, these women do not have legal businesses or commercial registration numbers. This limits their access to loans, social security and more formal markets. Across South Asia, only 25% of women have a bank account, compared with 41% of men – the biggest gender gap in the world.

    Nepal, however, has made strides in financial inclusion, particularly in closing the gender gap. According to Nepal’s financial inclusion report in 2023, women’s access to formal financial services the previous year was at 89% while men’s stood at 90% – showing that change is possible.

    The barriers for women

    The lack of education and technical training often restricts women’s ability to develop skills and entrepreneurial nous. But it can also expose them to exploitation by officials who can prey on their lack of legal knowledge, forcing them to face bureaucratic hurdles and corruption.

    Another thorny issue is that in some cultures it is unacceptable for women to hold seniority or authority over men. Often, government policies and programmes focus on male entrepreneurs, overlooking women’s issues. These include childcare needs or safety concerns.

    In Sri Lanka, female-owned businesses face significant challenges in accessing key government incentives simply because of limited awareness. A big issue is that women in rural areas often do not hear about funding programmes, grants and financial schemes.

    South Asian women’s economic contributions continue to be damaged by social, cultural and institutional limitations. It is vital to recognise these contributions and bring them into the formal economic system. This should ensure that female entrepreneurs get their rightful place in the broader economic arena.

    Nirma Sadamali Jayawardena does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    – ref. Women are south Asia’s ‘silent contributors’ – changing that could transform economies – https://theconversation.com/women-are-south-asias-silent-contributors-changing-that-could-transform-economies-251881

    MIL OSI – Global Reports –

  • MIL-OSI Global: How animals shape the planet in surprising ways

    Source: The Conversation – UK – By Gemma Harvey, Professor of Physical Geography, Queen Mary University of London

    oleg_aryutkin/Shutterstock

    Hundreds of animals, from tiny ants to mighty hippos, are shaping the Earth’s surface as powerfully as floods and storms. These animals effectively act as landscape engineers, reorganising soils and sediments. Yet their combined global impact has never been explored, until now.

    Research that my colleagues and I conducted shows that animal engineers are much more diverse, widespread and globally significant than previously recognised. We estimated that the combined energy they devote to landscape-shaping processes is equivalent to the energy of hundreds of thousands of river floods.

    Animals act as landscape architects as they feed, create shelter, reproduce and simply move around. Beavers build dams that form wetlands and change river channels. Spawning salmon move huge amounts of river sediments too, similar to the amounts moved by floods. Yet, beyond such charismatic and iconic examples, animal landscape engineers can be viewed as curiosities – interesting but uncommon, with healthy scepticism about their role in landscape change.

    Most studies focus on a single species, so we collected evidence from hundreds of studies to understand the global significance of these animals. We focused on animals living on land or in rivers, lakes, wetlands and other inland water bodies. Oceans host important engineers too, but they were not included in our study.

    Tiny ants can leave their mark on a landscape.
    Gemma Harvey, CC BY-NC-ND

    My team was astounded by the diversity of landscape engineers we uncovered. The list we compiled included 500 wild animal species including insects, mammals, fish, birds, reptiles and crustaceans. More than a quarter of those 500 species are threatened or vulnerable in some way. This means their landscape-shaping effects – mixing, eroding or stabilising soils and sediments, building landforms – could disappear before they are fully understood.

    Animal architects include some of the smallest creatures on Earth, such as ants, termites and aquatic insect larvae, as well as the largest, such as elephants, hippos and bison. As a group, they are globally widespread across land and in water, in all major ecosystem types. We showed that despite covering only 2.4% of the planet’s land surface, freshwater habitats host over a third of these fascinating animals.

    Tamworth pigs roam free at Knepp estate, a rewilding project in the UK.
    Tony Skerl/Shutterstock

    We searched thousands of published articles for mentions of animal engineers to compile a comprehensive list of species. We explored their global distributions using free online biodiversity data. We used recent estimates of the total biomass of ants, mammals and all living things to estimate the combined biomass of animal engineers. Then, we converted this information to calorie content and estimated how much of that energy is used to shape landforms and landscapes.

    We inevitably missed some studied species in our searches. For instance, we know that the tropics and subtropics are biodiversity hotspots, but fewer animal agents of landscape change were reported there. This is because research and resources have been concentrated in places like Europe, the US and Australia. Countless more species remain unreported or even undiscovered, especially smaller, less visible animals such as insects.

    Another consideration is that our energy estimates for livestock substantially exceeded wild animals due to their large body size and high abundance. Yet how livestock shapes the landscape depends on how the animals are farmed. Intensive farming of large livestock breeds can increase soil erosion and flood risk, while low-density regenerative farming can improve soil health.



    Read more:
    Beavers can help us adapt to climate change – here’s how

    Rewilding potential

    Nature loss is intrinsically linked with the climate crisis. Natural habitats such as forests and wetlands capture and store carbon dioxide, helping to mitigate climate change. They also help us to adapt to the impacts of climate change, by altering how quickly water moves through landscapes for example, which reduces the severity of floods and droughts.

    In rewilding projects around the world, free-roaming pigs, deer, ponies and cattle introduced as landscape engineers increase carbon storage by changing vegetation and soils and helping reduce flood risk downstream. Beavers create “emerald refuges” in wildfire-scorched landscapes by damming streams to create ponds and wetlands. Hippo trails lead to the creation of new river channels that direct water flow to different areas.

    Finding ways to harness the enormous energy potential of landscape-shaping animals could help simultaneously mitigate and adapt to climate change and boost biodiversity.

    Don’t have time to read about climate change as much as you’d like?

    Get a weekly roundup in your inbox instead. Every Wednesday, The Conversation’s environment editor writes Imagine, a short email that goes a little deeper into just one climate issue. Join the 40,000+ readers who’ve subscribed so far.

    Gemma Harvey receives funding from the Leverhulme Trust (Leverhulme Research Fellowship Grant number RF-2022-
    2844) and UKRI Natural Environment Research Council (NE/W007460/1 and NE/Y005163/1) and Defra/ Environment Agency (NEIRF2059)

    – ref. How animals shape the planet in surprising ways – https://theconversation.com/how-animals-shape-the-planet-in-surprising-ways-250701

    MIL OSI – Global Reports –

  • MIL-OSI Africa: Uganda’s lions in decline, hyenas thriving – new findings from country’s biggest ever carnivore count

    Source: The Conversation – Africa – By Alexander Richard Braczkowski, Research Fellow at the Centre for Planetary Health and Resilient Conservation Group, Griffith University

    For nearly 15 years almost no information was available on the population status of Uganda’s large carnivores, including those in its largest national park, Murchison Falls. These species represent a critical part of Uganda’s growing tourism economy. The country is home to the famed tree-climbing lions, which are much sought after for this unique behaviour. Together, lions and leopards generate tens of thousands of dollars annually from safari viewing and allied activities.

    Keeping an eye on the proverbial prize could not be more critical for the country. When wildlife isn’t monitored rigorously, populations can disappear within just a few years, as tigers did in India’s Sariska tiger reserve.

    But many people working in conservation discourage monitoring. They argue that a “bean counter” approach to conservation overlooks the funds and actions that save animals. Others simply say that it is a hard thing to do at scale and particularly for animals that are naturally shy, have big home ranges (sometimes over multiple countries), and occur in very low numbers.

    Even in a comparatively small African country – Uganda ranks 32nd in size out of 54 countries – how does one cover enough ground to see how populations of carnivores are faring? This has been the challenge of our work in Uganda for nearly a decade now, monitoring African lions, leopards and spotted hyenas.

    Orin Cornille and Bosco Atukwatse, field coordinaotrs from the Volcanoes Kyambura Lion Project, set remote camera traps for leopards in Kidepo Valley National Park, Uganda. Alex Braczkowski

    Our two recent studies in Murchison Falls and six protected areas across the country sought to address the problem by drawing on a wide range of local and international experts who live and work in Uganda. Working with the Ugandan government’s Uganda Wildlife Authority research and monitoring team, we set out to identify and bring together independent scientists, government rangers, university students, lodge owners and conservation managers in the country’s major savanna parks.

    We hoped to cover more ground with people and organisations that wouldn’t traditionally work together. Doing so exposed many of these individuals for the first time to the science and field skills needed to build robust, long term monitoring programmes for threatened wildlife.

    The result is the largest, most comprehensive count of African lions, leopards and spotted hyenas. We found spotted hyenas to be doing far better than we expected. But lions are in worrying decline, indicating where conservation efforts need to be focused. Beyond that, our count proved the value of collaborating when it comes to generating data that could help save animals.

    Our unique approach

    Inspired by Kenya’s first nationwide, science-based survey of lions and other carnivores in key reserves, the first important step of this study was to secure the collaboration of the Uganda Wildlife Authority’s office of research and monitoring. Together, we identified the critical conservation stakeholders in and around six protected areas. These are Pian Upe Wildlife Reserve, Kidepo Valley, Toro Semliki, Lake Mburo, Queen Elizabeth and Murchison Falls. Leopards and hyenas occur in some other parks (such as Mount Elgon and Rwenzori National Park) but resource constraints prevented us from surveying these sites.

    We had no predisposed notions of who could or would participate in our carnivore surveys, only that we wanted people living closest to these species in the room.

    We shortlisted lodge owners, government rangers, independent scientists, university students from Kampala, NGO staff and even trophy hunters. All came together for a few days to learn about how to find carnivores in each landscape, build detection histories and analyse data. We delivered five technical workshops showing participants how to search for African lions in the landscapes together with mapping exactly where they drove.

    Makerere University students and Karamoja Overland Safari staff set solar powered trail cameras with the lead author in Lake Mburo (left) and Pian Upe (right) as part of the national carnivore survey.

    We also taught participants:

    • how to identify lions by their whisker spots in high-definition photographs – these are the small spots where a cat’s whiskers originate on their cheeks

    • how to determine identity in camera trap images of leopard and spotted hyena body flanks

    • post data collection analysis techniques

    • a technique to estimate population densities and abundance.

    More than 100 Ugandan and international collaborators joined in the “all hands on deck” survey, driving over 26,000km and recording 7,516 camera trap nights from 232 locations spanning a year from January 2022 to January 2023.

    Read more: Counting Uganda’s lions: we found that wildlife rangers do a better job than machines

    Our scientific approach focused on how to achieve the best possible counts of carnivores. In the process we identified some of the biggest shortcomings of previous surveys. These included double counting individual animals and failing to incorporate detection probability. Even worse was simply adding all individual sighted animals and not generating any local-level estimates.

    What our results tell us

    As expected, our results painted a grim picture in some areas, but marked hope for others.

    • In the majestic Murchison Falls national park, through which the River Nile runs east-west, we estimated that approximately 240 lions still remained across some 3,200km² of sampled area. This is the highest number in Uganda and at least five to 10 times higher than in the Kidepo and Queen Elizabeth parks.

    • In Queen Elizabeth national park, home to the tree-climbing lions, we found a marked decline of over 40% (just 39 individuals left in 2,400km²) since our last survey in 2018.

    • In the country’s north, Kidepo Valley, the best estimate is just 12 individual lions across 1,430km², in stark contrast with the previous estimate of 132 lions implemented nearly 15 years ago.

    In contrast, leopards appeared to continue to occur at high densities in select areas, with Lake Mburo and Murchison Falls exhibiting strong populations. Pian Upe and Queen Elizabeth’s Ishasha sector recorded the lowest densities.

    Spotted hyenas have proven far more resilient. They occur at densities ranging from 6.15 to 45.31 individuals/100km² across surveyed sites. In Queen Elizabeth, their numbers could be rising as lion populations decline, likely due to reduced competition and ongoing poaching pressure targeting lions.

    These findings underscore the urgent need for targeted conservation interventions, particularly for lions in Uganda’s struggling populations.

    Value beyond numbers

    Our approach shared the load of data collection, and gave people an opportunity and skills to engage in wildlife science. For many emerging conservationists in the country, this was their first chance to be authors on a scientific paper (an increasingly important component of postgraduate degree applications). Even if many of the people we worked with disagree on how to save large carnivores in Uganda, they could at least agree on how many there are as they had a hand in collecting the data and scrutinising it. Since we have embraced a fully science-based approach, we recognise that our surveys too should improve over time.

    Aggrey Rwetsiba, senior manager, research and monitoring at Uganda Wildlife Authority, contributed to the research on which this article is based.

    – Uganda’s lions in decline, hyenas thriving – new findings from country’s biggest ever carnivore count
    – https://theconversation.com/ugandas-lions-in-decline-hyenas-thriving-new-findings-from-countrys-biggest-ever-carnivore-count-249724

    MIL OSI Africa –

  • MIL-OSI: VelocityEHS Revolutionizes Contractor Safety with AI-Driven Verification and Compliance Automation

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, March 25, 2025 (GLOBE NEWSWIRE) — VelocityEHS, the global leader in EHS & ESG software solutions, is excited to unveil an advanced AI-powered feature designed to streamline contractor safety management. This new capability automates contractor verification processes, reduces compliance risks, and significantly improves operational efficiency for organizations that manage contractors onsite.

    As part of its Contractor Safety Solution, Velocity deploys AI to generate guided workflows, flag risks, and make intelligent recommendations, making it easier for non- or less-experienced EHS managers to verify contractor credentials like Certificates of Insurance and OSHA Logs to facilitate compliance.

    Contractor workers face significantly higher risks on the job, with injury and illness rates 36% to 72% higher than those of full-time employees. Additionally, 37% of all temporary workers are employed in high-risk industrial sectors, underscoring the critical need for more effective safety and compliance solutions.

    “Our mission is to help create safer workplaces,” said Matt Airhart, CEO of VelocityEHS. “We are dedicated to developing AI-driven innovation that enables our customers to reach better outcomes faster. Even before this new feature, our Contractor Safety & Permit to Work solution helped organizations achieve 70%-time savings compared to traditional third-party management processes. Now their operational efficiency will reach new heights.”

    As regulatory demands and safety concerns continue to escalate, organizations need reliable, scalable, and intelligent solutions to ensure contractor compliance—particularly in safety-critical industries such as manufacturing, pharmaceuticals, chemicals, and food & beverage, where staying on top of complex requirements is a daily challenge.

    Key Benefits of the AI-Powered Contractor Safety Feature

    • Faster, More Accurate Compliance Assessments: AI-driven automation accelerates document reviews, eliminating manual errors and ensuring precise contractor verification.
    • Reduced Compliance Risks: Quicker and easier access to crucial data to make informed decisions, ensuring contractors meet safety standards.
    • Lower Administrative Burden: Saves time by streamlining manual contractor verification processes, giving workers time to focus on higher-value safety initiatives rather than repetitive compliance tasks.

    “Many businesses face challenges with manual compliance workflows, resulting in costly delays in contractor verification and increased exposure to risks,” said Dr Julia Penfield, VP of Research & Machine Learning.

    “Over time, this leads to reactive risk management, human error, productivity losses and potential fines for non-compliance. Our new AI-powered Contractor Safety Solution is changing the game, transforming the process with an intuitive, automated solution that simplifies compliance and drives better overall safety outcomes,” she added.

    For more information about VelocityEHS, visit www.EHS.com

    About VelocityEHS 
    Relied on by more than 10 million users worldwide to drive operational excellence and achieve outstanding outcomes, VelocityEHS is the global leader in true SaaS enterprise EHS & ESG technology. The VelocityEHS Accelerate® Platform is the definitive gold standard, delivering best-in-class software solutions for managing Safety, Ergonomics, Chemical Management, and Operational Risk. In addition, Velocity offers world-class applications for Contractor Safety & Permit to Work, Environmental Compliance, and ESG.

    The VelocityEHS team includes unparalleled industry expertise, with more certified experts in health, safety, industrial hygiene, ergonomics, sustainability, the environment, AI, and machine learning than any other EHS software provider. Recognized by the EHS industry’s top independent analysts as a Leader in the Verdantix 2025 Green Quadrant Analysis, VelocityEHS is committed to industry thought leadership and to accelerating the pace of innovation through its software solutions and vision. Its privacy and security protocols, which include SOC2 Type II attestation, are among the most stringent in the industry. 

    VelocityEHS is headquartered in Chicago, Illinois, with locations in Ann Arbor, Michigan; Tampa, Florida; Oakville, Ontario; London, England; Perth, Western Australia; and Cork, Ireland. For more information, visit www.EHS.com.  

    Media Contact 
    Jennifer Sinkwitts 
    jsinkwitts@ehs.com 

    The MIL Network –

  • MIL-OSI Europe: ASIA/INDONESIA – The Carmelites in Flores: rooted in pastoral, educational and spiritual service

    Source: Agenzia Fides – MIL OSI

    Ende (Agenzia Fides) – The Carmelite charism continues to expand in eastern Indonesia and will strengthen its service to the population on the island of Flores.Today, March 25, 2025, when the universal Church celebrates the Feast of the Annunciation, the Carmelite Order of the Province of Indonesia announced the creation of a new province on the island of Flores, within the East Nusa Tenggara region. The new province has chosen Saint Titus Brandsma as its patron.The first Carmelite religious arrived in Flores in 1969 to begin their mission. Over time, their presence was consolidated through the establishment of formation houses for candidates for religious life. Today, that presence has reached a new level of institutionalization with the creation of the new province. The General Council of the Carmelite Order in Rome has appointed Friar Marselinus Barus OCarm as its first Prior. “With this new province, we hope that the Carmelite mission in eastern Indonesia will continue to grow. My wish is that the Carmelites here, anchored in Christ, will continue to build fraternity and cooperation,” the Prior declared. The impact of the Carmelite presence in Indonesia is evident in three key areas: education, pastoral care, and spiritual accompaniment. In the field of education, the Carmelites seek not only intellectual formation (ratio), but also the formation of the heart and spiritual growth. Therefore, Carmelite schools are deeply marked by the spirituality of the Order. Currently, the Carmelites run two schools in Java, two in Flores, and one in Sumba, in addition to seven dormitory schools distributed throughout these regions. In the pastoral sphere, the religious are present in numerous parishes and dioceses, where their contemplative charism enriches the work of evangelization. In addition to preaching the Word of God, the Carmelites foster fraternal life and promote a concrete commitment to justice. Their presence is valued in dioceses such as Medan, Padang, Palembang, Jakarta, Bandung, Malang, Surabaya, Denpasar, Maumere, Ende, Ruteng, Weetebula, Pontianak, Palangkaraya, Banjarmasin, Makassar, and Sorong Manokwari.In the spiritual sphere, the Carmelites are recognized as masters of prayer and guides in the spiritual accompaniment of the faithful. They organize retreats, formation courses, study days, and seminars on Christian and Carmelite spirituality, often in collaboration with the Indonesian Carmelite Institute (IKI) and utilizing various retreat houses. The Carmelites have also extended their work to the fields of culture and communication.Through their publishing house, “Karmelindo,” they publish books, magazines, bulletins, biblical reflections, and theological texts, with the aim of strengthening catechesis and spiritual formation. More recently, they have promoted multimedia projects, with the creation of “Carmel Vision” and “Radio Carmel,” platforms through which they produce audiovisual and informative content to evangelize and spread Carmelite spirituality.Finally, in its commitment to the most vulnerable, the Carmelite Province in Indonesia founded the NGO “Darma Laksana,” which promotes assistance and cooperation projects for the poor and destitute, bringing a message of hope and salvation to those most in need. (PA) (Agenzia Fides, 25/3/2025)
    Share:

    MIL OSI Europe News –

  • MIL-OSI Europe: ASIA/LAOS – A new Bishop for the small Church: the new Apostolic Vicar of Vientiane consecrated

    Source: Agenzia Fides – MIL OSI

    Tuesday, 25 March 2025

    Vientiane (Agenzia Fides) – The small but vibrant Catholic community of Laos has joyfully welcomed its new bishop. Msgr. Anthony Adoun Hongsaphong, a priest of the Apostolic Vicariate of Pakse, received episcopal ordination at the Sacred Heart Cathedral in Vientiane, during a solemn Eucharist celebrated on March 25, 2025. His appointment as Apostolic Vicar of Vientiane was announced by Pope Francis in December 2024. The ceremony was attended by the prelates of the Episcopal Conference of Laos and Cambodia (CELAC), gathered in the Laotian capital for their annual assembly.Msgr. Anthony Adoun Hongsaphong, 61, succeeds Cardinal Louis-Marie Ling Mangkhanekhoun, who turned 80 in April 2024. Fr. Hongsaphong was a professor at the National Major Seminary of Thakeh and responsible for pastoral care in the 11 mission stations of the Apostolic Vicariate of Paksé, his hometown. Ordained a priest in 1994, he completed his studies at the University of Fribourg (Switzerland) and the Pontifical Angelicum University in Rome. He carried out pastoral service in Thailand and then in 2005, he began contributing to the Laotian Catholic community (a total of 51,000 people) by dedicating himself to the formation of young people at the Pastor Bonus preparatory seminary in Paksé.Among the prelates from Cambodia, Jesuit Father Enrique Figaredo Alvargonzález, Apostolic Prefect of Battambang, highlights “the great hope of the Church in Laos,” highlighting “the vitality of a small but vibrant ecclesial community.” Despite the government ban on the presence of foreign missionaries, the local Church shows signs of growth. Laos has 20 priests in total, but there is a flourishing vocational program that inspires confidence for the future: some 50 Laotian boys and young men are on their way to the priesthood (about 20 in the minor seminary, 10 in the preparatory year, and 20 in the major seminary).The Lao People’s Democratic Republic is a socialist state with 7.5 million inhabitants, a Buddhist majority. The Catholic Church in Laos originated within the Apostolic Vicariate of Eastern Siam and is currently organized into four apostolic vicariates: Vientiane, Pakse, Luang Prabang, and Savannakhet. Since the official recognition of the Church by the Lao Front for National Development in 1979, relations with the government have improved, particularly in terms of religious freedom, recognized in the 1991 Constitution, which allows four religions: Buddhism, Christianity, Islam, and the Baha’i Faith. However, in some provinces, Christianity is still viewed as a “foreign faith.” (PA) (Agenzia Fides, 25/3/2025)
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    MIL OSI Europe News –

  • MIL-OSI Asia-Pac: Dinner welcomes summit guests

    Source: Hong Kong Information Services

    Over 130 influential family office principals and family members from the Mainland, Asia, Europe, the Americas and the Middle East gathered at a principal dinner organised by the Government this evening to set the stage for the third edition of the annual Wealth for Good in Hong Kong Summit to be held tomorrow.

    In his welcome remarks, Acting Chief Executive Chan Kwok-ki said Hong Kong is a ”super connector” bringing together people and ideas, as well as a platform for visionaries looking to create lasting legacies, and a dynamic hub where offices and families can flourish.

    Best-selling author and public speaker Maye Musk and University of Oxford Vice-Chancellor Prof Irene Tracey joined a fireside chat, sharing their insights on women’s influence in leadership and legacy-building with a focus on the critical role of female leadership in shaping the future of business, innovation, and societal progress.

    The event also included a captivating lion ballet performance against the dazzling night view of Victoria Harbour.

    The summit will take place tomorrow afternoon with over 300 participants, allowing principals and family members to discuss the future of wealth management in the region and experience the city’s dynamic offerings through its vibrant neighbourhoods, dynamic arts scene and strong community spirit.

    MIL OSI Asia Pacific News –

  • MIL-OSI China: Asia remains key growth engine for global economy

    Source: China State Council Information Office

    Despite increasing global economic uncertainty, Asia has remained a key growth engine for global economy, according to a report released at the Boao Forum for Asia (BFA) on Tuesday.

    The weighted real GDP growth rate of Asia is projected to reach 4.5 percent in 2025, an increase from 4.4 percent in 2024, according to the annual report titled “Asian Economic Outlook and Integration Progress.”

    Addressing a press conference on Tuesday, BFA Secretary General Zhang Jun said that the region is nurturing new potential and opportunities and has become an important force and cornerstone stabilizing and underpinning the global economy.

    Asian economies, particularly China and the ASEAN, continue to demonstrate strong resilience despite numerous challenges, leading the world in areas including economic growth, trade in goods and services, and regional integration, Zhang said.

    Asia’s economic performance last year beat the projections made by institutions such as the World Bank, the International Monetary Fund and the United Nations, said Zhang Yuyan, a professor on international politics and economics with the University of Chinese Academy of Social Sciences.

    Founded in 2001, the BFA is a non-governmental and non-profit international organization committed to promoting regional economic integration and bringing Asian countries closer to their development goals.

    Themed “Asia in the Changing World: Towards a Shared Future,” this year’s forum bears great practical and long-term significance as global development is clouded with increased uncertainties due to rising unilateralism, trade protectionism and geopolitical tensions, according to analysts.

    At purchasing power parity, the ratio of Asia’s GDP among the global total will rise to 48.6 percent in 2025, up from 48.1 percent in 2024, the report estimated.

    It noted that global foreign investments have increased their reliance on Asian economies amid fluctuations, and China and the ASEAN are the most appealing economies in Asia.

    As the world’s most economically dynamic region, Asia has become an increasingly vital player in global cross-border direct investment, with the inward and outward foreign direct investment dependence of Asian economies on the region itself reaching 49.15 percent in 2023, according to the report.

    It also noted that China continues to be the center of global manufacturing value chains.

    Since 2017, global trade in intermediate goods has been more reliant on China than on North America. Global dependence on China for intermediate goods stood at 16 percent in 2023, compared with 15 percent for North America.

    The trade frictions initiated by the United States in 2018 have not strengthened its position in the global manufacturing value chains, the report noted.

    China and Asia have become the center of free trade, said Temir Porras, managing director of Global Sovereign Advisory, stressing that it is always positive to see that China is committed to promoting free trade and sharing development opportunities with the world.

    As a major achievement of Asian economic integration, the Regional Comprehensive Economic Partnership (RCEP) has injected new vitality into the member economies, bringing certainty into the uncertain global economy and trade landscape, the report said.

    In 2024, the total trade value within the region rose about 3 percent from a year ago, with trade among most member economies achieving year-on-year growth, data showed.

    A report on Asia’s sustainable development was also unveiled on Tuesday, highlighting the region’s rapid progress in emerging green technologies, positioning it as a potential leader in advanced battery materials and biodegradable plastics, among others.

    China now sources 85 percent of its new energy capacity from renewables, while Indonesia and Singapore are leading efforts in carbon capture and storage, according to this report.

    MIL OSI China News –

  • MIL-OSI China: BFA Annual Conference 2025 Press Conference held in Boao

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

    BFA Annual Conference 2025 Press Conference held in Boao

    Updated: March 25, 2025 21:02 Xinhua
    This photo taken on March 25, 2025 shows a view of the Boao Forum for Asia (BFA) Annual Conference 2025 Press Conference and BFA Flagship Report Launch held in Boao, south China’s Hainan Province. Themed “Asia in the Changing World: Towards a Shared Future”, the Boao Forum for Asia (BFA) Annual Conference 2025 is held here from March 25 to 28. This year’s conference is expected to draw about 2,000 delegates from over 60 countries and regions and more than 1,100 journalists from about 30 countries and regions. [Photo/Xinhua]
    This photo taken on March 25, 2025 shows a view of the Boao Forum for Asia (BFA) Annual Conference 2025 Press Conference and BFA Flagship Report Launch held in Boao, south China’s Hainan Province. [Photo/Xinhua]
    This photo taken on March 25, 2025 shows a view of the Boao Forum for Asia (BFA) Annual Conference 2025 Press Conference and BFA Flagship Report Launch held in Boao, south China’s Hainan Province. [Photo/Xinhua]

    MIL OSI China News –

  • MIL-OSI China: Boao establishes zero-carbon zone in pursuit of sustainable development

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

    BOAO, Hainan, March 25 — China’s Boao has announced the establishment of its first zero-carbon zone, a significant step forward in the country’s pursuit of low-carbon development, according to authorities in Hainan.

    One expert has said that the achievement is a pioneering example for global carbon reduction efforts, and underscores China’s commitment to carbon neutrality and sustainable development.

    Spanning about 190 hectares, the demonstration zone includes Dongyu Island, which is the permanent site of the annual Boao Forum for Asia (BFA) conference.

    By focusing on green building renovation and renewable energy adoption, the demonstration zone has successfully reduced carbon dioxide emissions from buildings and other infrastructure from 11,300 tonnes in 2019 to zero tonnes in 2024, according to data from local authorities.

    Since its formal inauguration in 2001, the BFA has served as a key platform for the advancement of green development across Asia, facilitating the exchange of insights to promote sustainable growth in the region and beyond.

    Asia is rapidly advancing in emerging green technology, positioning itself as a potential leader in such fields as advanced battery materials and biodegradable plastic, boosted by strong industrial capabilities and policy support, according to a report released on Tuesday by the BFA.

    China is at the forefront of Asia’s expanding green hydrogen industry and now sources 85 percent of its new energy capacity from renewables, according to the report.

    Asia’s largest emitters, including China, have set ambitious climate targets, the report notes. It says that according to the United Nations Environment Programme, China and India have been assessed as likely to meet their current 2030 Nationally Determined Contributions targets with their existing policies.

    MIL OSI China News –

  • MIL-OSI: CAI Elevates Financial Gains, Market Strategies and Community Impact in 2024

    Source: GlobeNewswire (MIL-OSI)

    ALLENTOWN, Pa., March 25, 2025 (GLOBE NEWSWIRE) — CAI, a global services firm, announced today consecutive growth into 2025 with a company revenue surge amounting to $1.38 billion, new client engagements and a global workforce surpassing 9,000 associates.

    “Our commitments to innovation, client success and corporate social responsibility are the driving factors to our ongoing success,” said Tom Salvaggio, president and CEO at CAI. “We don’t just quantify our growth by a number, we measure it based on the trust of our clients, the impact on our communities and the camaraderie and collaboration of our associates. The milestones from 2024 will propel us in 2025.”

    Portfolio Achievements

    Public Sector portfolio grew its market presence and welcomed new clients including state departments, educational institutions and municipalities. Contingent Workforce Solutions, a leading service offering in the portfolio’s success, experienced record-breaking results through program acquisitions and other expansions.

    Commercial portfolio improved customer satisfaction and cost efficiency rates with blended solutions of CAI’s Service Desk and AI technologies. Made evident by its results, a top tax technology firm achieved a 25% increase in first-level resolution rates with their Service Desk after the first year.

    As a ServiceNow Partner, CAI helped a commercial product company achieve:

    • Three-day reduction in testing time
    • 90%-95% customer satisfaction rates
    • Fast ability to recover from system outages

    CAI Neurodiverse Solutions, specializing in autism employment, helped many neurodivergent individuals find employment opportunities. These roles included business analyst, quality assurance analyst, software developer and others across several industries. With skills such as attention to detail, pattern recognition and problem resolution, both employers and candidates have found success. Honored for the program’s aspects on talent acquisition and management, learning and development, human resources and technology, CAI Neurodiverse Solutions earned the 2024 Disability Matters Award in the Workforce category.

    Technology and Innovation

    With ongoing participation in the National Association of Counties (NACo) AI Exploratory Committee, CAI and other founding corporate partners contributed to the AI County Compass, a comprehensive toolkit designed for the safe and effective deployment of generative AI technologies in county government.

    In practice, a state county’s Regional Intelligence and Investigation Center deployed AI to enhance data-handling efficiency while maintaining operational security. The safeguarded data system enables law enforcement to more quickly solve violent and non-violent crimes.

    Technology-enabled efforts earned CAI the bronze Stevie® Award for Best Use of Technology in Customer Service, and Globee® Awards for American Business in two categories: Gold in Achievement in Technology Adoption and Sliver in Digital Collaboration Achievement. Awards underscored the firm’s technology expertise to improve the client experience and foster innovative workplaces.

    Philanthropy and Community Engagement

    Committed to philanthropy since the company was founded in 1981, CAI continued to champion its five corporate social responsibility (CSR) pillars: Accessible Education, Helping Families Thrive, Food Accessibility, Neurodiversity and Sustainability.

    Dozens of investments and programs benefited local and global communities, including:

    • Salvaggio Academy: A private elementary school founded and funded by CAI and the Salvaggio family, relocated to a more expansive space on a college campus improving student programs and STEAM curriculums
    • CAI United Fund: An investment initiative formed from the partnership between CAI and United Way of the Greater Lehigh Valley, provides financial support to United Way Community Schools Network to reduce absenteeism and improve academic outcomes for over 19,000 students
    • SHE for Society: A nonprofit in India aimed to provide educational opportunities, opened its second computer lab with CAI associates giving users access to conduct research

    CAI earned the bronze Stevie Award for Best CSR Strategy reflecting the firm’s dedication to maximize the tangible impact made for communities around the globe.

    New Leadership and Additional Accolades

    Jon Taglieri joined CAI as the new Chief Financial Officer (CFO). He oversees all activities of Finance, Accounting, Governance and Compliance, which includes reporting, planning, strategy and cash management. Previously, Jon served as CFO for a multibillion-dollar federal government contractor.

    Abe Hunter was appointed to Chief Revenue Officer (CRO) and President, Public Sector from his previous role as Executive Vice President, Public Sector for CAI. As CRO, Abe leads enterprise-wide strategies to amplify sales, optimize operations, enhance customer relations and elevate CAI’s market presence. In the dual role, he continues to direct strategies as the company targets new markets and technologies within government.

    Kate Forbes joined CAI as the Chief Information Officer (CIO) and provides strategic direction to prepare CAI for growth and scale. She oversees the technology roadmap for internal applications, delivering business value through objectives-based prioritization and technical implementation. Previously, Kate held the position of CIO for a multimillion-dollar global SaaS company.

    In addition to the aforementioned honors, CAI earned a total of 16 awards including:

    • Newsweek: America’s Greatest Workplaces for Diversity, Parents & Families and the signature list
    • Disability:IN: 100 score on the Disability Equality Index
    • Inspiring Workplaces: North America’s Top 100 Inspiring Workplaces
    • Top Workplace: Lehigh Valley and Delaware regions
    • OnCon Icon: Top 50 Learning & Development Teams, Top 50 Talent Acquisition Teams, and Top 10 HR Professional for Tammy Harper, CHRO at CAI

    To learn more about CAI, visit www.cai.io

    For career opportunities, visit careers.cai.io/us/en

    About CAI

    CAI is a global services firm with over 9,000 associates worldwide and a yearly revenue of $1.3 billion+. We have over 40 years of excellence in uniting talent and technology to power the possible for our clients, colleagues, and communities. As a privately held company, we have the freedom and focus to do what’s right—whatever it takes. Our tailor-made solutions create lasting results across the public and commercial sectors, and we are trailblazers in bringing neurodiversity to the enterprise.

    Contact:

    Madison Oler
    PR & Communications Specialist
    CAI
    Madison.oler@cai.io

    The MIL Network –

  • MIL-OSI: Qifu Technology Releases 2024 ESG Report

    Source: GlobeNewswire (MIL-OSI)

    SHANGHAI, China, March 25, 2025 (GLOBE NEWSWIRE) — Qifu Technology, Inc. (NASDAQ: QFIN; HKEx: 3660) (“Qifu Technology” or the “Company”), a leading AI-empowered Credit-Tech platform in China, today published its annual ESG report for 2024. The report demonstrates Qifu Technology’s ESG-related guidelines, strategies and targets in 2024, highlighting the Company’s efforts to environmental sustainability and social responsibility, the progress to improve corporate governance, and its ESG performance.

    In the future, Qifu Technology will stay committed to enabling a better life for people by facilitating safe, convenient and inclusive financial services through technology empowerment to financial institutions.

    For the full 2024 ESG report, please visit: https://ir.qifu.tech/esg.

    About Qifu Technology

    Qifu Technology is a leading AI-empowered Credit-Tech platform in China. By leveraging its sophisticated machine learning models and data analytics capabilities, the Company provides a comprehensive suite of technology services to assist financial institutions and consumers and SMEs in the loan lifecycle, ranging from borrower acquisition, preliminary credit assessment, fund matching and post-facilitation services. The Company is dedicated to making credit services more accessible and personalized to consumers and SMEs through Credit-Tech services to financial institutions.

    For more information, please visit: https://ir.qifu.tech.

    Safe Harbor Statement

    Any forward-looking statements contained in this announcement are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Among other things, the business outlook and quotations from management in this announcement, as well as the Company’s strategic and operational plans, contain forward-looking statements. Qifu Technology may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (“SEC”), in announcements made on the website of The Stock Exchange of Hong Kong Limited (the “Hong Kong Stock Exchange”), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including the Company’s business outlook, beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, which factors include but not limited to the following: the Company’s growth strategies, the Company’s cooperation with 360 Group, changes in laws, rules and regulatory environments, the recognition of the Company’s brand, market acceptance of the Company’s products and services, trends and developments in the credit-tech industry, governmental policies relating to the credit-tech industry, general economic conditions in China and around the globe, and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks and uncertainties is included in Qifu Technology’s filings with the SEC and announcements on the website of the Hong Kong Stock Exchange. All information provided in this press release is as of the date of this press release, and Qifu Technology does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

    For more information, please contact:

    Qifu Technology
    E-mail: ir@360shuke.com

    The MIL Network –

  • MIL-OSI: POET to Demonstrate Cutting-Edge Light Source and Industry-leading 1.6T Optical Engines for AI Applications at OFC Conference

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, March 25, 2025 (GLOBE NEWSWIRE) — POET Technologies Inc. (“POET” or the “Company“) (TSX Venture: PTK; NASDAQ: POET), a leader in the design and implementation of highly-integrated optical engines and light sources for artificial intelligence networks, today announced it plans to demonstrate its latest technology innovations and products at the Optical Fiber Communications (OFC) Conference, which will be held in San Francisco, California from April 1st to April 3rd, 2025. POET’s executive management team and engineers will be meeting customers and industry analysts at the Company’s booth No. 5315 during the Exhibition.

    POET Blazar™ Demo (Invitation Only): Senior technical and executive management of select technology companies will have the opportunity to observe the highly anticipated POET Blazar prototype in private meetings with POET management. Built on the POET Optical Interposer™ platform, Blazar is a ground-breaking light source solution to power both co-packaged optics (CPO) and high-bandwidth, chip-to-chip, light-based data communications links. Named after an extremely bright galactic object, Blazar utilizes POET’s wafer-level chip-scale packaging technology to create a high-power, multi-channel light source as an alternative to traditional DFB laser-based solutions. Wafer-level chip-scale technology significantly lowers the cost of the light source, provides larger scale and better reliability, and promises to increase the effective supply of Indium Phosphide, a rare and limited compound semiconductor material commonly used as the light-producing element in lasers. 

    “Given the vast potential of our ELS (external light source) solution and the sensitive nature of the technology, we have opted to limit its exposure, which is why we are selecting a number of senior technologists and executives to an invitation-only viewing,” POET Chairman and CEO Dr. Suresh Venkatesan said. “The Blazar can transform the economies of scale for AI connectivity with an architecture that reduces costs and increases scale and manufacturing efficiency. With the massive amount of compute power that AI demands, we believe that the Blazar offers an economically superior solution to achieving next-generation performance. It is a crucial component to getting to 3.2T in pluggable optical modules and achieving the higher speeds, bandwidth and low-latency needed for chip-to-chip data communication links.”

    POET Teralight™ 1.6T Optical Engine (Live Public Demo): In partnership with Mitsubishi Electric, POET will unveil its Teralight product line of 1.6T highly integrated transmit and receive optical engines offering a complete optical system-on-chip architecture that reduces cost and simplifies module design. The 1.6T transmit engine includes only four externally modulated laser chips, rather than the standard eight lasers for 1.6T transceivers, due to Mitsubishi Electric’s unique 2x200G EML laser design, a cost reduction in the most expensive transmit component. Built-in high-speed drivers, monitor photo diodes, a thermistor and optical multiplexers (for FR4 applications) make this the most highly integrated system-on-chip available on the market. The receive engine includes photo diodes, trans-impedance amplifiers (TIAs) and demultiplexers (for FR4 applications). The POET Optical Interposer design eliminates the use of wire bonds between devices, which reduces the RF crosstalk to achieve industry-leading performance at the highest speeds available on the market. The system-on-chip architecture allows customers to use the same board design for 1.6T DR8 and 2xFR4 pluggable modules, a feature unique to POET that eliminates the need for separate DR and FR engineering teams, which has been a standard development approach within the industry.

    Leading Module Customers Incorporating POET Optical Engines: Among the leading suppliers offering modules based on POET’s optical engines, LuxshareTech will be demonstrating 400G and 800G DR and FR modules at OFC (Booth #4905) and Adtran (formerly ADVA) will demo a highly integrated Quattro 100G LR4 in their private demo room. Quattro LR4 integrates four instances of 100G LR4 into a single QSFP-DD form factor, quadrupling the density of 100G ports in 400G switch and routing platforms. This module has gained intense interest from both hyperscalers and telecom network providers for its performance and cost-effectiveness.

    Product Showcase: POET will also have a product showcase of its current portfolio suite of optical engines and light sources at its booth. Some of those products have been designed into customer solutions that will be demonstrated at the POET booth as market-ready applications.

    Lightwave Award: In addition, Company representatives will collect the recently announced Elite Score award at the Lightwave+BTR Innovations Reviews Reception, which is scheduled to be held at the Moscone Center in Rooms 307/308 on March 31, 2025 at 5:00 PM PST.

    About POET Technologies Inc.
    POET is a design and development company offering high-speed optical modules, optical engines and light source products to the artificial intelligence systems market and to hyperscale data centers. POET’s photonic integration solutions are based on the POET Optical Interposer™, a novel, patented platform that allows the seamless integration of electronic and photonic devices into a single chip using advanced wafer-level semiconductor manufacturing techniques. POET’s Optical Interposer-based products are lower cost, consume less power than comparable products, are smaller in size and are readily scalable to high production volumes. In addition to providing high-speed (800G, 1.6T and above) optical engines and optical modules for AI clusters and hyperscale data centers, POET has designed and produced novel light source products for chip-to-chip data communication within and between AI servers, the next frontier for solving bandwidth and latency problems in AI systems. POET’s Optical Interposer platform also solves device integration challenges in 5G networks, machine-to-machine communication, self-contained “Edge” computing applications and sensing applications, such as LIDAR systems for autonomous vehicles. POET is headquartered in Toronto, Canada, with operations in Allentown, PA, Shenzhen, China, and Singapore. More information about POET is available on our website at www.poet-technologies.com.

    Forward-Looking Statements
    This news release contains “forward-looking information” (within the meaning of applicable Canadian securities laws) and “forward-looking statements” (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995). Such statements or information are identified with words such as “anticipate”, “believe”, “expect”, “plan”, “intend”, “potential”, “estimate”, “propose”, “project”, “outlook”, “foresee” or similar words suggesting future outcomes or statements regarding any potential outcome. Such statements include the Company’s expectations with respect to the success of the Company’s product development efforts, the performance of its products, operations, meeting revenue targets, and the expectation of continued success in the financing efforts, the capability, functionality, performance and cost of the Company’s technology as well as the market acceptance, inclusion and timing of the Company’s technology in current and future products, including with the Blazar light source and 1.6T optical engines featured in today’s announcement, and expectations regarding its successful development of high speed transceiver solutions and its penetration of the Artificial Intelligence hardware markets.

    Such forward-looking information or statements are based on a number of risks, uncertainties and assumptions which may cause actual results or other expectations to differ materially from those anticipated and which may prove to be incorrect. Assumptions have been made regarding, among other things, the completion of its development efforts with its customers, the ability to build working prototypes to the customer’s specifications, and the size, future growth and needs of Artificial Intelligence network suppliers. Actual results could differ materially due to a number of factors, including, without limitation, the failure to demonstrate the Blazar light source a 1.6T optical engines at the upcoming OFC Conference, failure to produce optical engines on time and within budget, the failure of Artificial Intelligence networks to continue to grow as expected, the failure of the Company’s products to meet performance requirements for AI and datacom networks, operational risks in the completion of the Company’s projects, the ability of the Company to generate sales for its products, including those in today’s announcement, and the ability of its customers to deploy systems that incorporate the Company’s products. Although the Company believes that the expectations reflected in the forward-looking information or statements are reasonable, prospective investors in the Company’s securities should not place undue reliance on forward-looking statements because the Company can provide no assurance that such expectations will prove to be correct. Forward-looking information and statements contained in this news release are as of the date of this news release and the Company assumes no obligation to update or revise this forward-looking information and statements except as required by law.

    Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
    120 Eglinton Avenue, East, Suite 1107, Toronto, ON, M4P 1E2- Tel: 416-368-9411 – Fax: 416-322-5075

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/7d68dcbe-ead9-40e0-82ba-ddc1a655791c

    The MIL Network –

  • MIL-OSI Global: Deep-sea mining threatens sea life in a way no one is thinking about − by dumping debris into the thriving midwater zone

    Source: The Conversation – USA – By Alexus Cazares-Nuesser, Ph.D. Candidate in Biological Oceanography, University of Hawaii

    A cnidarian is attached to a dead sponge stalk on a manganese nodule in the Clarion-Clipperton Zone. Diva Amon and Craig Smith, University of Hawaii at Mānoa

    Picture an ocean world so deep and dark it feels like another planet – where creatures glow and life survives under crushing pressure.

    This is the midwater zone, a hidden ecosystem that begins 650 feet (200 meters) below the ocean surface and sustains life across our planet. It includes the twilight zone and the midnight zone, where strange and delicate animals thrive in the near absence of sunlight. Whales and commercially valuable fish such as tuna rely on animals in this zone for food. But this unique ecosystem faces an unprecedented threat.

    As the demand for electric car batteries and smartphones grows, mining companies are turning their attention to the deep sea, where precious metals such as nickel and cobalt can be found in potato-size nodules sitting on the ocean floor.

    Images of marine life spotted in the midwater zone.
    Bucklin, et al., Marine Biology, 2021. Photos by R.R. Hopcroft and C. Clarke (University of Alaska Fairbanks) and L.P. Madin (Woods Hole Oceanographic Institution), CC BY, CC BY

    Deep-sea mining research and experiments over the past 40 years have shown how the removal of nodules can put seafloor creatures at risk by disrupting their habitats. However, the process can also pose a danger to what lives above it, in the midwater ecosystem. If future deep-sea mining operations release sediment plumes into the water column, as proposed, the debris could interfere with animals’ feeding, disrupt food webs and alter animals’ behaviors.

    As an oceanographer studying marine life in an area of the Pacific rich in these nodules, I believe that before countries and companies rush to mine, we need to understand the risks. Is humanity willing to risk collapsing parts of an ecosystem we barely understand for resources that are important for our future?

    Mining the Clarion-Clipperton Zone

    Beneath the Pacific Ocean southeast of Hawaii, a hidden treasure trove of polymetallic nodules can be found scattered across the seafloor. These nodules form as metals in seawater or sediment collect around a nucleus, such as a piece of shell or shark’s tooth. They grow at an incredibly slow rate of a few millimeters per million years. The nodules are rich in metals such as nickel, cobalt and manganese – key ingredients for batteries, smartphones, wind turbines and military hardware.

    As demand for these technologies increases, mining companies are targeting this remote area, known as the Clarion-Clipperton Zone, as well as a few other zones with similar nodules around the world.

    A map shows mining targets in the Clarion-Clipperton Zone, southeast of Hawaii, upper left. APEIs are protected areas.
    McQuaid KA, Attrill MJ, Clark MR, Cobley A, Glover AG, Smith CR and Howell KL, 2020, CC BY

    So far, only test mining has been carried out. However, plans for full-scale commercial mining are rapidly advancing.

    Exploratory deep-sea mining began in the 1970s, and the International Seabed Authority was established in 1994 under the United Nations Convention on the Law of the Sea to regulate it. But it was not until 2022 that The Metals Company and Nauru Ocean Resources Inc. fully tested the first integrated nodule collection system in the Clarion-Clipperton Zone.

    The companies are now planning full-scale mining operations in the region and expect to submit their application to the ISA by June 27, 2025. The ISA will convene in July 2025 to discuss critical issues such as mining regulations, guidelines and benefit-sharing mechanisms.

    A visualization of a deep-sea mining operation shows two sediment plumes. Source: MIT Mechanical Engineering.

    The proposed mining process is invasive. Collector vehicles scrape along the ocean floor as they scoop up nodules and stir up sediments. This removes habitats used by marine organisms and threatens biodiversity, potentially causing irreversible damage to seafloor ecosystems. Once collected, the nodules are brought up with seawater and sediments through a pipe to a ship, where they’re separated from the waste.

    The leftover slurry of water, sediment and crushed nodules is then dumped back into the middle of the water column, creating plumes. While the discharge depth is still under discussion, some mining operators propose releasing the waste at midwater depths, around 4,000 feet (1,200 meters).

    However, there is a critical unknown: The ocean is dynamic, constantly shifting with currents, and scientists don’t fully understand how these mining plumes will behave once released into the midwater zone.

    These clouds of debris could disperse over large areas, potentially harming marine life and disrupting ecosystems. Picture a volcanic eruption – not of lava, but of fine, murky sediments expanding throughout the water column, affecting everything in its path.

    The midwater ecosystem at risk

    As an oceanographer studying zooplankton in the Clarion-Clipperton Zone, I am concerned about the impact of deep-sea mining on this ecologically important midwater zone. This ecosystem is home to zooplankton – tiny animals that drift with ocean currents – and micronekton, which includes small fish, squid and crustaceans that rely on zooplankton for food.

    Sediment plumes in the water column could harm these animals. Fine sediments could clog respiratory structures in fish and feeding structures of filter feeders. For animals that feed on suspended particles, the plumes could dilute food resources with nutritionally poor material. Additionally, by blocking light, plumes might interfere with visual cues essential for bioluminescent organisms and visual predators.

    Manganese nodules can also be found on the seafloor off the southeastern United States.
    NOAA Office of Ocean Exploration and Research, 2019 Southeastern U.S. Deep-Sea Exploration

    For delicate creatures such as jellyfish and siphonophores – gelatinous animals that can grow over 100 feet long – sediment accumulation can interfere with buoyancy and survival. A recent study found that jellies exposed to sediments increased their mucous production, a common stress response that is energetically expensive, and their expression of genes related to wound repair.

    Additionally, noise pollution from machinery can interfere with how species communicate and navigate.

    Disturbances like these have the potential to disrupt ecosystems, extending far beyond the discharge depth. Declines in zooplankton populations can harm fish and other marine animal populations that rely on them for food.

    Life in the deep sea has other values. Source: The Economist

    The midwater zone also plays a vital role in regulating Earth’s climate. Phytoplankton at the ocean’s surface capture atmospheric carbon, which zooplankton consume and transfer through the food chain. When zooplankton and fish respire, excrete waste, or sink after death, they contribute to carbon export to the deep ocean, where it can be sequestered for centuries. The process naturally removes planet-warming carbon dioxide from the atmosphere.

    More research is needed

    Despite growing interest in deep-sea mining, much of the deep ocean, particularly the midwater zone, remains poorly understood. A 2023 study in the Clarion-Clipperton Zone found that 88% to 92% of species in the region are new to science.

    Current mining regulations focus primarily on the seafloor, overlooking broader ecosystem impacts. The International Seabed Authority is preparing to make key decisions on future seabed mining in July 2025, including rules and guidelines relating to mining waste, discharge depths and environmental protection.

    A map shows areas with nodules being considered for exploration and mining. Source: International Seabed Authority

    These decisions could set the framework for large-scale commercial mining in ecologically important areas such as the Clarion-Clipperton Zone. Yet the consequences for marine life are not clear. Without comprehensive studies on the impact of seafloor mining techniques, the world risks making irreversible choices that could harm these fragile ecosystems.

    Alexus Cazares-Nuesser receives funding from the National Science Foundation Graduate Research Fellowship Program. Past research received funding from The Metals Company Inc. through its subsidiary Nauru Ocean Resources Inc.

    – ref. Deep-sea mining threatens sea life in a way no one is thinking about − by dumping debris into the thriving midwater zone – https://theconversation.com/deep-sea-mining-threatens-sea-life-in-a-way-no-one-is-thinking-about-by-dumping-debris-into-the-thriving-midwater-zone-247690

    MIL OSI – Global Reports –

  • MIL-OSI Global: Trump’s desire to ‘un-unite’ Russia and China is unlikely to work – in fact, it could well backfire

    Source: The Conversation – USA – By Linggong Kong, Ph.D. Candidate in Political Science, Auburn University

    Presidents Xi Jinping of China and Russia’s Vladimir Putin. Getty Images

    Is the U.S. angling for a repeat of the Sino-Russian split?

    In an Oct. 31, 2024, interview with right-wing pundit Tucker Carlson, President Donald Trump argued that the United States under Joe Biden had, in his mind erroneously, pushed China and Russia together. Separating the two powers would be a priority of his administration. “I’m going to have to un-unite them, and I think I can do that, too,” Trump said.

    Since returning to the White House, Trump has been eager to negotiate with Russia, hoping to quickly bring an end to the war in Ukraine. One interpretation of this Ukraine policy is that it serves what Trump was getting at in his comments to Carlson. Pulling the U.S. out of the European conflict and repairing ties with Russia, even if it means throwing Ukraine under the bus, can be seen within the context of a shift of America’s attention to containing Chinese power.

    Indeed, after a recent call with Russian President Vladimir Putin, Trump told Fox News: “As a student of history, which I am – and I’ve watched it all – the first thing you learn is you don’t want Russia and China to get together.”

    The history Trump alludes to is the strategy of the Nixon era, in which the U.S. sought to align with China as a counterbalance to the Soviet Union, encouraging a split between the two communist entities in the process.

    Yet if creating a fissure between Moscow and Beijing is indeed the ultimate aim, Trump’s vision is, I believe, both naive and shortsighted. Not only is Russia unlikely to abandon its relationship with China, but many in Beijing view Trump’s handling of the Russia-Ukraine war –- and his foreign policy more broadly – as a projection of weakness, not strength.

    A growing challenge

    Although Russia and China have at various times in the past been adversaries when it suited their interests, today’s geopolitical landscape is different from the Cold War era in which the Sino-Soviet split occurred. The two countries, whose relationship has grown steadily close since the fall of the Soviet Union，have increasingly shared major strategic goals – chief among them, challenging the Western liberal order led by the U.S.

    Soviet soldiers keep watch on the Chinese-Soviet border during a monthslong conflict in 1969.
    Keystone/Getty Images

    Both China and Russia have, in recent years, adopted an increasingly assertive stance in projecting military strength: China in the South China Sea and around Taiwan, and Russia in former Soviet satellite states, including Ukraine.

    In response, a unified stance formed by Western governments to counter China and Russia’s challenge has merely pushed the two countries closer together.

    Besties forever?

    In February 2022, just as Russia was preparing its invasion of Ukraine, Presidents Vladimir Putin and Xi Jinping announced a “friendship without limits” – in a show of unified intent against the West.

    China has since become an indispensable partner for Russia, serving as its top trading partner for both imports and exports. In 2024, bilateral trade between China and Russia reached a record high of US$237 billion, and Russia now relies heavily on China as a key buyer of its oil and gas. This growing economic interdependence gives China considerable leverage over Russia and makes any U.S. attempt to pull Moscow away from Beijing economically unrealistic.

    That doesn’t mean the Russian-Chinese relationship is inviolable; areas of disagreement and divergent policy remain.

    Indeed, there are areas that Trump could exploit if he were to succeed in driving a wedge between the two countries. For example, it could serve Russia’s interests to support U.S. efforts to contain China and discourage any expansionist tendencies in Beijing – such as through Moscow’s strategic ties with India, which China views with some alarm – especially given that there are still disputed territories along the Chinese-Russian border.

    Putin know who his real friends are

    Putin isn’t naive. He knows that with Trump in office, the deep-seated Western consensus against Russia – including a robust, if leaky, economic sanctions regime – isn’t going away anytime soon. In Trump’s first term, the U.S. president likewise appeared to be cozying up to Putin, but there is an argument that he was even tougher on Russia, in terms of sanctions, than the administrations of Barack Obama or Joe Biden.

    So, while Putin would likely gladly accept a Trump-brokered peace deal that sacrifices Ukraine’s interests in favor of Russia, that doesn’t mean he would be rushing to embrace some kind of broader call to unite against China. Putin will know the extent to which Russia is now reliant economically on China, and subservient to it militarily. In the words of one Russian analyst, Moscow is now a “vassal” or, at best, a junior partner to Beijing.

    Transactional weakness

    China for its part views Trump’s peace talks with Russia and Ukraine as a sign of weakness that potentially undermines U.S. hawkishness toward China.

    While some members of the U.S. administration are undoubtedly hawkish on China – Secretary of State Marco Rubio views the country as the “most potent and dangerous” threat to American prosperity – Trump himself has been more ambivalent. He may have slapped new tariffs on China as part of a renewed trade war, but he has also mulled a meeting with President Xi Jinping in an apparent overture.

    Beijing recognizes Trump’s transactional mindset, which prioritizes short-term, tangible benefits over more predictable long-term strategic interests requiring sustained investment.

    This changes the calculation over whether the U.S. may be unwilling to bear the high costs of defending Taiwan. Trump, in a deviation from his predecessor, has failed to commit the country to defending Taiwan, the self-governing island claimed by Beijing.

    Rather, Trump had indicated that if the Chinese government were to launch a military campaign to “reunify” Taiwan, he would opt instead for economic measures like tariffs and sanctions. His apparent openness to trade Ukraine territory for peace now has made some in Taiwan concerned over Washington’s commitment to long-established international norms.

    Insulating the economy

    China has taken another key lesson from Russia’s experience in Ukraine: The U.S.-led economic sanctions regime has serious limits.

    Even under sweeping Western sanctions, Russia was able to stay afloat through subterfuge and with support from allies like China and North Korea. Moreover, China remains far more economically intertwined with the West than Russia, and its relatively dominant global economic position means that it has significant leverage to combat any U.S.-led efforts to isolate the country economically.

    Indeed, as geopolitical tensions have driven the West to gradually decouple from China in recent years, Beijing has adapted to the resulting economic slowdown by prioritizing domestic consumption and making the economy more self-reliant in key sectors.

    A souvenir shopkeeper displays Matryoshka dolls featuring Russian President Vladimir Putin and U.S. President Donald Trump.
    Misha Friedman/Getty Images

    That in part also reflects China’s significant global economic and cultural strength. Coupled with this has been a domestic push to win countries in the Global South around to China’s position. Beijing has secured endorsements from 70 countries officially recognizing Taiwan as part of China.

    China’s turn to exploit a split?

    As such, Trump’s plan to end the Russia-Ukraine war by favoring Russia in the hope of drawing it into an anti-China coalition is, I believe, likely to backfire.

    While Russia may itself harbor concerns about China’s growing power, the two country’s shared strategic goal of challenging the Western-led international order — and Russia’s deep economic dependence on China — make any U.S. attempt to pull Moscow away from Beijing unrealistic.

    Moreover, Trump’s approach exposes vulnerabilities that China could exploit. His transactional and isolationist foreign policy, along with his encouragement of right-wing parties in Europe, may strain relations with European Union allies and weaken trust in American security commitments. Beijing, in turn, may view this as a sign of declining U.S. influence, giving China more room to maneuver, noticeably in regard to Taiwan.

    Rather than increasing the chances of a Sino-Russia split, such a shift could instead divide an already fragile Western coalition.

    Linggong Kong does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    – ref. Trump’s desire to ‘un-unite’ Russia and China is unlikely to work – in fact, it could well backfire – https://theconversation.com/trumps-desire-to-un-unite-russia-and-china-is-unlikely-to-work-in-fact-it-could-well-backfire-252243

    MIL OSI – Global Reports –

  • MIL-OSI: Qifu Technology Filed 2024 Annual Report on Form 20-F

    Source: GlobeNewswire (MIL-OSI)

    SHANGHAI, China, March 25, 2025 (GLOBE NEWSWIRE) — Qifu Technology, Inc. (NASDAQ: QFIN; HKEx: 3660) (“Qifu Technology” or the “Company”), a leading AI-empowered Credit-Tech platform in China, today announced that it has filed its annual report on Form 20-F for the fiscal year ended December 31, 2024 with the U.S. Securities and Exchange Commission on March 25, 2025. The annual report can be accessed on the Company’s investor relations website at ir.qifu.tech as well as the SEC’s website at www.sec.gov. The Company will provide a hard copy of the annual report containing its audited consolidated financial statements, free of charge, to its shareholders and ADS holders upon request.

    The Company has also published an annual report (the “Hong Kong Annual Report”) today pursuant to the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (“HKEx”). The Hong Kong Annual Report contains substantially the same information as set forth in the Form 20-F and can be accessed on the Company’s investor relations website at ir.qifu.tech as well as the HKEx’s website at http://www.hkexnews.hk.

    About Qifu Technology

    Qifu Technology is a leading AI-empowered Credit-Tech platform in China. By leveraging its sophisticated machine learning models and data analytics capabilities, the Company provides a comprehensive suite of technology services to assist financial institutions and consumers and SMEs in the loan lifecycle, ranging from borrower acquisition, preliminary credit assessment, fund matching and post-facilitation services. The Company is dedicated to making credit services more accessible and personalized to consumers and SMEs through Credit-Tech services to financial institutions.

    For more information, please visit: ir.qifu.tech.

    For more information, please contact:

    Qifu Technology
    E-mail: ir@360shuke.com

    The MIL Network –

  • MIL-OSI: AI Influence on Medical Diagnostics Generating Billion Dollar Revenues While Growing Adoption Reduces Healthcare Costs

    Source: GlobeNewswire (MIL-OSI)

    PALM BEACH, Fla., March 25, 2025 (GLOBE NEWSWIRE) — FN Media Group News Commentary – Artificial intelligence (AI) has become a significant part of healthcare and is being used in almost all sectors, including diagnostics. The integration of AI has increased the growth and development of the healthcare industry. In diagnostic testing, AI is used to analyze medical images (CT scans, X-rays, ultrasounds, MRIs, and DXAs), large patient data, vital signs (pulse rate, body temperature, blood pressure, and respiration rate), medical history, and laboratory test results. AI provides several advantages in diagnostics, such as accuracy, efficiency, reduced human errors, and cost savings. Healthcare professionals can make more informed decisions and develop personalized treatment options. The AI in the diagnostics market is growing due to reduced healthcare costs, reduced healthcare burden on professionals, and enhanced patient satisfaction. A recent report from Towards Healthcare, said: “The global AI in diagnostics market is to value at US$ 1.74 billion in 2025 is to touch US$ 5.24 billion by 2030. In 2023, North America led the AI in diagnostics market with a 53% share, while Asia Pacific is set to experience the fastest growth. The software segment dominated by component and is expected to show the highest CAGR. In diagnosis, neurology held the largest market share, while radiology is predicted to grow at the quickest pace during the forecast period. AI in diagnostics is advancing accuracy and efficiency in medical evaluations, driving its global expansion across various sectors.”   Active healthcare/tech companies active in the markets include: Avant Technologies Inc. (OTCQB: AVAI), Tempus AI, Inc. (NASDAQ: TEM), Teladoc Health (NYSE: TDOC), Talkspace (NASDAQ: TALK), BullFrog AI Holdings, Inc. (NASDAQ: BFRG).

    Towards Healthcare continued; “The global AI in diagnostics market was estimated at US$ 1.12 billion in 2023 and is projected to grow to US$ 12.65 billion by 2034, rising at a compound annual growth rate (CAGR) of 24.64% from 2024 to 2034. The demand for AI in diagnostic testing has increased significantly due to the various benefits AI provides. One of the major benefits is reduced human error, which improves overall diagnostic results that can be used by professionals to develop appropriate treatment options. Preventive care has become a really necessary step for improving health. Growing infectious diseases and chronic conditions have increased the burden on healthcare resources and professionals. It is estimated that the healthcare cost will rise up to US$ 176 billion without effective interventions, which is going to increase the demand for preventive care in the future. With the help of AI in diagnostics, this can be reduced as AI can play a significant role in preventive care. Preventive care involves analyzing medical records, medical history, lifestyle, genetics, and other aspects to identify future health risks. However, it is a very time-consuming and tedious process. Healthcare workers are prone to errors when analyzing such a large amount of data, which can lead to misinterpretation. The use of AI can mitigate all these challenges and help in analyzing health risks with data analytics in less time with more accuracy and efficiency.”

    Avant Technologies, Inc. (OTCQB: AVAI) and Ainnova Begin Designing Clinical Trial Protocol for Company’s Vision AI Platform – Avant Technologies, Inc. (“Avant” or the “Company”) and its partner, Ainnova Tech, Inc., (Ainnova), a leading healthcare technology company focused on revolutionizing early disease detection using artificial intelligence (AI), today announced that the Company has started designing its clinical trial protocol ahead of a pre-submission meeting with the U.S. Food and Drug Administration (FDA). The pre-submission meeting is to request guidance on the clinical testing needed for its Vision AI platform in the early detection of diabetic retinopathy, and Ainnova’s clinical trial will culminate in the submission of an FDA 510(k) to obtain clearance from the regulatory agency to market its technology.

    Ainnova has hired an ophthalmologist, who is assisting in drafting the requirements for the clinical trial protocol that the Company’s Contract Research Organization (CRO), Fortrea, has requested. Upon completion of the protocol, Ainnova will work with its CRO to prepare and send all the documentation to the FDA for its upcoming pre-submission meeting. A clinical trial protocol is a detailed, written plan that outlines the objectives, design, methodology, and organization of a clinical research project, ensuring the safety of participants and the integrity of data collected. The Company expects its pre-submission meeting with the FDA to occur in mid-May 2025.

    Ai-nova Acquisition Corp. (AAC), the Company formed by the partnership between Avant and Ainnova to advance and commercialize Ainnova’s technology portfolio, including its Vision AI platform and its versatile retinal cameras, has the global licensing rights for this portfolio, so the success of Ainnova’s interactions with the FDA are paramount to marketing the technology portfolio in the United States.

    For medical device applicants like Ainnova, the FDA’s pre-submission program is useful to determine a clear regulatory pathway for the successful launch of the device, including the number of patients and the number of clinics needed to generate the necessary clinical data for the FDA to make an informed decision on Ainnova’s Vision AI platform. For Avant, the pre-submission meeting will help define a precise budget for the strategic partnership’s entire FDA process.    CONTINUED… Read this and more news for Avant Technologies at:   https://www.financialnewsmedia.com/news-avai/

    In other developments and happenings in the healthcare market recently include:

    Tempus AI, Inc. (NASDAQ: TEM), a technology company leading the adoption of AI to advance precision medicine and patient care, recently announced it has acquired Deep 6 AI, a leading AI-powered precision research platform for healthcare organizations and life sciences companies.

    Deep 6 AI enables healthcare organizations to de-risk clinical trials, accelerate recruitment, and generate real-world evidence (RWE) with speed and precision. Its AI-powered software matches patients to clinical trials by mining real-time structured and unstructured electronic medical record (EMR) data across a broad ecosystem, which includes academic medical centers, National Cancer Institute (NCI)-Designated Cancer Centers, and NCI Community Oncology Research Programs.

    “Deep 6’s impressive integration infrastructure is well-suited to complement our connectivity efforts, which are central to our ability to support physicians in delivering optimized care for their patients,” said Eric Lefkofsky, Founder and CEO of Tempus. “This acquisition broadens our reach, adding even more providers to our platform, and enhances our ability to deploy critical applications like Next, which helps physicians close care gaps, and TIME, which helps patients find potentially life saving clinical trials.”

    Carrum Health, the leader in value-based Centers of Excellence (COE) for specialty care, recently announced a strategic partnership with Teladoc Health (NYSE: TDOC), the global leader in virtual care. The new arrangement will allow Teladoc Health’s providers to seamlessly refer eligible members needing specialty care into Carrum’s nationwide network of rigorously vetted, high quality providers. This means employers can contract directly through Teladoc Health’s Connected Care program to access Carrum’s network, and benefit from bi-directional care coordination with deeper technology integration between Teladoc and Carrum to better support members across the healthcare continuum.

    The partnership will address a growing demand from employers for better integrated benefits solutions. Per the Business Group on Health, 70% of employers are concerned about managing multiple point solutions and the lack of coordination between them.

    Talkspace (NASDAQ: TALK), a leading online behavioral health care company, recently announced it will support the U.S. Navy’s pilot program to provide access to therapy and mental health resources for approximately 25,000 sailors and their dependents. The pilot, which is the first of its kind for the U.S. Navy, launched for 6 bases: Newport News Shipyard, Puget Sound Naval Shipyard, Naval Base Guam, Naval Base Ventura County (Port Hueneme), Naval Construction Battalion Center Gulfport, and Naval Air Station Whidbey Island and allows members to access care with Talkspace’s licensed providers for free.

    “Serving those who selflessly serve is a profound privilege and one that inspires our entire organization and network of providers. We applaud the U.S. Navy’s leadership for prioritizing the mental wellbeing of their service members and families and making care accessible and convenient from wherever they are,” said Jon Cohen, MD, CEO of Talkspace.

    BullFrog AI Holdings, Inc. (NASDAQ: BFRG), a technology-enabled drug development company using artificial intelligence (AI) and machine learning to enable the successful development of pharmaceuticals and biologics, recently announced its entry into a collaboration agreement with Eleison Pharmaceuticals Inc. (“Eleison”), a Phase 3 oncology company focused on novel chemotherapeutic treatments for rare cancers. Under the terms of the agreement, BullFrog AI will provide access to its BullFrog Data Networks™ AI solution to enhance clinical trial efficiency and patient insights. Financial terms of the collaboration were not disclosed.

    “The integration of artificial intelligence in clinical trials represents a transformative shift in how pharmaceutical companies can de-risk drug development and optimize patient outcomes,” said Vin Singh, CEO of BullFrog AI. “We are thrilled to partner with Eleison to apply our bfLEAP® AI technology, which has the potential to refine patient selection, improve trial efficiency, and ultimately accelerate the path to market for life-saving therapies.”

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    The MIL Network –

  • MIL-OSI China: Calls for closer cooperation resonate at Asian forum amid global uncertainties

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

    BOAO, China, March 25 — Political and business leaders worldwide are gathering in Boao, a coastal town in southern China’s Hainan Province, for the Boao Forum for Asia Annual Conference 2025 running from March 25 to 28.

    Amid rising global economic fragmentation and geopolitical tensions, the forum, themed “Asia in the Changing World: Towards a Shared Future,” serves as a critical platform for fostering regional cooperation, driving global economic growth and strengthening the region’s role in global governance.

    As Asia plays a bigger role in global growth, discussions are centering on how the region can help navigate challenges and drive sustainable development, with participants recognizing Asia as the world’s growth engine and highlighting regional coordination, economic inclusivity and technological advancements as key drivers in addressing economic uncertainties and building up momentum for growth.

    GROWING INTEGRATION

    Founded in 2001 and headquartered in Hainan, the forum has long been a platform for regional dialogue, but its role is evolving as Asian economies become more integrated. “Fast-growing South-South trade and investment is making the Boao Forum for Asia relevant beyond the boundaries of Asia,” said Denis Depoux, global managing director at Roland Berger, a Germany-based consultancy.

    Often referred to as the “Asian Davos,” the forum brings together political and business leaders to discuss trade, investment and technology, with growing participation from Global South countries in recent years.

    “The forum highlights the power of partnership through its ability to create space for exchanging ideas, building relationships and collectively shaping the future of Asia,” said Dino Otranto, CEO of Australia’s mining giant Fortescue Metals.

    In an increasingly uncertain economic environment, Asia remains a key growth engine for the world economy. According to a report released by the forum, real GDP growth in Asia is projected to rise from 4.4 percent in 2024 to 4.5 percent in 2025, while the region’s share of global GDP is expected to increase from 48.1 percent to 48.6 percent at purchasing power parity in the same period.

    The growth not only highlights Asia’s economic dynamism but also its role as a stabilizing force in a world where traditional economic powerhouses face mounting challenges.

    Given complex geopolitical and economic dynamics, multilateralism, governance and development have become hot topics of discussions at the forum. “These terms are critical in shaping a more stable and prosperous regional landscape amid evolving global challenges,” said Anna Malindog-Uy, vice president of Asian Century Philippines Strategic Studies Institute, a think tank in Manila.

    ASIA’S POTENTIAL

    The Regional Comprehensive Economic Partnership (RCEP), comprising 15 Asia-Pacific countries, has emerged as a powerful force in bolstering regional economic integration. The International Monetary Fund has projected that from 2023 to 2029, the RCEP region’s GDP will grow by 10.9 trillion U.S. dollars, contributing over 40 percent to global economic growth.

    The integration of Asian supply chains has accelerated, driven by the need for greater competitiveness and resilience, Depoux said.

    “Asia’s future in the shifting global landscape is incredibly exciting and full of promise,” Otranto said. “It’s not just about economic growth, but also about Asia leading the way in areas like innovation, technology and sustainability.”

    As global trade and supply chains evolve, Asia’s role in driving advancements in artificial intelligence (AI), green energy and digital transformation will undoubtedly be critical, he added.

    Take DeepSeek, a representative Chinese startup in the AI sector that attests to Asia’s growing innovation capacity. Its latest R1 model outperforms many of the world’s top AI developers across a variety of benchmarks, drawing significant attention from Silicon Valley. This breakthrough showcases Asia’s growing technological prowess in advanced fields, notably AI.

    Technological innovation has become a key driver of Asia’s sustainable transformation. From solar panels stretching across China’s western Gobi Desert to smart city networks leveraging digital twin technology in ASEAN countries, Asia is reshaping its development model with cutting-edge technologies, said Wu Xiaochen, vice president of the Hainan Research Academy of Environmental Sciences.

    Meanwhile, experts at the forum stressed the importance of attuning technological progress to environmental responsibility. They called for stronger policies to ensure that businesses align their innovations with sustainable growth objectives.

    CHINA’S ROLE

    Asia, particularly China, is seen as a key driver of global growth. The world’s second-largest economy is restructuring by prioritizing high-end manufacturing, digital development and green industries, bringing new opportunities for Asia and beyond.

    As a key pillar of Asia’s development, China is pivotal to rebalancing globalization, inclusive growth and regional economic integration, said Zhang Jun, secretary general of the Boao Forum for Asia.

    “China’s rapid advancements in digitization, green transition and AI have positioned it as a key driver of global sustainable development,” said Malindog-Uy. “Through cutting-edge research, large-scale industrial transformation and international collaboration, China’s innovation-driven approach benefits global cooperation and economic progress.”

    By fostering global partnerships in green energy, digital infrastructure and smart industries, China plays a crucial role in shaping a more resilient and interconnected global economy, she added.

    Through multilateral cooperation, China is injecting “Asian momentum” into global growth, translating regional experiences into viable ways for global governance, said Chi Fulin, head of the China Institute for Reform and Development.

    MIL OSI China News –