Category: Asia

  • MIL-OSI: Horizon Bancorp, Inc. Announces Conference Call to Review Second Quarter Results on July 24

    Source: GlobeNewswire (MIL-OSI)

    MICHIGAN CITY, Ind., July 01, 2025 (GLOBE NEWSWIRE) — (NASDAQ GS: HBNC) – Horizon Bancorp, Inc. (“Horizon” or the “Company”) will host a conference call at 7:30 a.m. CT on Thursday, July 24, 2025 to review its second quarter 2025 financial results.

    The Company’s second quarter 2025 news release will be published after markets close on Wednesday, July 23, 2025. It will be available at investor.horizonbank.com.

    Participants may access the live conference call on July 24, 2025 at 7:30 a.m. CT (8:30 a.m. ET) by dialing 833-974-2379 from the United States, 866-450-4696 from Canada, or 412-317-5772 from international locations and requesting the “Horizon Bancorp Call.” Please dial in approximately 10 minutes prior to the call.

    A telephone replay of the call will be available approximately one hour after the end of the conference call through August 1, 2025. The telephone replay may be accessed by dialing 877-344-7529 from the United States, 855-669-9658 from Canada, or 412-317-0088 from other international locations and entering the access code 5878909.

    About Horizon Bancorp, Inc.

    Horizon Bancorp, Inc. (NASDAQ GS: HBNC) is the $7.6 billion-asset commercial bank holding company for Horizon Bank, which serves customers across diverse and economically attractive Midwestern markets through convenient digital and virtual tools, as well as its Indiana and Michigan branches. Horizon’s retail offerings include prime residential and other secured consumer lending to in-market customers, as well as a range of personal banking and wealth management solutions. Horizon also provides a comprehensive array of in-market business banking and treasury management services, as well as equipment financing solutions for customers regionally and nationally, with commercial lending representing over half of total loans. More information on Horizon, headquartered in Northwest Indiana’s Michigan City, is available at horizonbank.com and investor.horizonbank.com.

       
    Contact: Mark E. Secor
      Chief Administration Officer
    Phone: 219-873-2611
    Date: July 1, 2025

    The MIL Network

  • MIL-OSI: Horizon Bancorp, Inc. Announces Conference Call to Review Second Quarter Results on July 24

    Source: GlobeNewswire (MIL-OSI)

    MICHIGAN CITY, Ind., July 01, 2025 (GLOBE NEWSWIRE) — (NASDAQ GS: HBNC) – Horizon Bancorp, Inc. (“Horizon” or the “Company”) will host a conference call at 7:30 a.m. CT on Thursday, July 24, 2025 to review its second quarter 2025 financial results.

    The Company’s second quarter 2025 news release will be published after markets close on Wednesday, July 23, 2025. It will be available at investor.horizonbank.com.

    Participants may access the live conference call on July 24, 2025 at 7:30 a.m. CT (8:30 a.m. ET) by dialing 833-974-2379 from the United States, 866-450-4696 from Canada, or 412-317-5772 from international locations and requesting the “Horizon Bancorp Call.” Please dial in approximately 10 minutes prior to the call.

    A telephone replay of the call will be available approximately one hour after the end of the conference call through August 1, 2025. The telephone replay may be accessed by dialing 877-344-7529 from the United States, 855-669-9658 from Canada, or 412-317-0088 from other international locations and entering the access code 5878909.

    About Horizon Bancorp, Inc.

    Horizon Bancorp, Inc. (NASDAQ GS: HBNC) is the $7.6 billion-asset commercial bank holding company for Horizon Bank, which serves customers across diverse and economically attractive Midwestern markets through convenient digital and virtual tools, as well as its Indiana and Michigan branches. Horizon’s retail offerings include prime residential and other secured consumer lending to in-market customers, as well as a range of personal banking and wealth management solutions. Horizon also provides a comprehensive array of in-market business banking and treasury management services, as well as equipment financing solutions for customers regionally and nationally, with commercial lending representing over half of total loans. More information on Horizon, headquartered in Northwest Indiana’s Michigan City, is available at horizonbank.com and investor.horizonbank.com.

       
    Contact: Mark E. Secor
      Chief Administration Officer
    Phone: 219-873-2611
    Date: July 1, 2025

    The MIL Network

  • INS Tamal joins Indian fleet, reinforces Indo-Russian naval cooperation

    Source: Government of India

    Source: Government of India (4)

    In a boost to India’s maritime defence capabilities, the Indian Navy on Tuesday commissioned its latest stealth frigate, INS Tamal (F 71), at the Yantar Shipyard in Kaliningrad, Russia. The commissioning ceremony was held in the presence of Vice Admiral Sanjay Jasjit Singh, Flag Officer Commanding-in-Chief, Western Naval Command, along with senior Indian and Russian naval and government officials.

    INS Tamal is the eighth multi-role stealth frigate under Project 1135.6 and the second vessel in the follow-on Tushil class of ships. The first of the class, INS Tushil, was inducted into the Navy in December 2024. All seven earlier ships are part of the Western Fleet, the primary combat arm of the Indian Navy’s Western Naval Command. INS Tamal will be commanded by Captain Sridhar Tata, a specialist in gunnery and missile warfare.

    The ceremony began with a joint Guard of Honour by the ship’s crew and Russia’s Baltic Naval Fleet. Mr Andrey Sergeyvich Puchkov, Director General of United Shipbuilding Corporation, declared the ceremony open, while Mr Mikhael Babich, Deputy Director General of Russia’s Federal Service for Military Technical Cooperation, highlighted the growing maritime collaboration between India and Russia.

    Vice Admiral Rajaram Swaminathan, Controller Warship Production and Acquisition, described the commissioning of Tamal as a testament to the enduring Indo-Russian strategic partnership, noting that it is the 51st ship produced through this collaboration over the past 65 years. He commended the shipyard workers and Indian and Russian Original Equipment Manufacturers (OEMs) for their contribution to the vessel’s construction, which supports India’s Aatmanirbhar Bharat and ‘Make in India’ initiatives.

    The transfer of the ship was formalised with the signing of the Delivery Act by Captain Sridhar Tata and Mr Sergey Kupriynav, Director General of the Russian Naval Department. The Russian Navy flag was then lowered, and the Indian Naval ensign was hoisted with full honours, marking the frigate’s induction into active service.

    Addressing the gathering, Vice Admiral Singh described the commissioning as a milestone for India’s maritime security and an example of the country’s deep defence cooperation with Russia. He noted that Tamal joins the distinguished ranks of Talwar, Teg, and Tushil class frigates, renowned for their reliability and firepower. “The commissioning of versatile platforms like INS Tamal enhances the Indian Navy’s reach, responsiveness, and resilience,” he said.

    Although built in Russia, the frigate includes 26% indigenous systems, such as the BrahMos long-range supersonic cruise missile and the Humsa-NG sonar system. The construction of the next two ships of the class in India is expected to further expand joint technological capabilities.

    Launched in February 2022, INS Tamal completed extensive sea trials between November 2024 and June 2025, successfully testing her advanced weaponry, including the Shtil-1 surface-to-air missile system, artillery guns, and torpedoes. The frigate is armed with BrahMos missiles, advanced air defence systems, a 100 mm main gun, Close-In Weapon Systems, anti-submarine rockets, and heavyweight torpedoes. She can also embark Kamov 28 and Kamov 31 helicopters for anti-submarine and airborne early warning roles.

    Equipped for multi-dimensional warfare—air, surface, underwater, and electronic—Tamal features sophisticated electronic warfare systems, network-centric operational capabilities, and robust defences against nuclear, biological, and chemical threats.

    With a crew of about 250 sailors and 26 officers, the ship upholds the motto Sarvatra Sarvada Vijaya (Victory Always Everywhere), reflecting its commitment to operational excellence in line with the Navy’s vision of remaining a combat-ready, credible, and cohesive force.

    INS Tamal will soon sail to her homeport at Karwar in Karnataka, showcasing India’s maritime strength during her passage. Once operational, the frigate is expected to play a crucial role in safeguarding the nation’s maritime interests and strengthening India’s presence across vital sea lanes.

  • MIL-OSI: Guggenheim Investments Announces July 2025 Closed-End Fund Distributions

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, July 01, 2025 (GLOBE NEWSWIRE) — Guggenheim Investments today announced that certain closed-end funds have declared their distributions. The table below summarizes the distribution schedule for each closed-end fund (collectively, the “Funds” and each, a “Fund”).

    The following dates apply to the distributions:
    Record Date July 15, 2025
    Ex-Dividend Date July 15, 2025
    Payable Date July 31, 2025
    Distribution Schedule
    NYSE
    Ticker
    Closed-End Fund Name Distribution
    Per Share
    Change from Previous
    Distribution
    Frequency
    AVK Advent Convertible and Income Fund $0.1172   Monthly
    GBAB Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust $0.12573   Monthly
    GOF Guggenheim Strategic Opportunities Fund $0.1821   Monthly
    GUG Guggenheim Active Allocation Fund $0.11875   Monthly


    A portion of this distribution is estimated to be a return of capital rather than income. Final determination of the character of distributions will be made at year-end. The Section 19(a) notice referenced below provides more information and can be found at www.guggenheiminvestments.com.

    You should not draw any conclusions about the Fund’s investment performance from the amount of this distribution or from the terms of the Fund’s Distribution Policy.

    Past performance is not indicative of future performance. As of this announcement, the sources of each fund distribution are estimates. Distributions may be paid from sources of income other than ordinary income, such as short-term capital gains, long-term capital gains or return of capital. Unless otherwise noted, the distributions above are not anticipated to include a return of capital. If a distribution consists of something other than ordinary income, a Section 19(a) notice detailing the anticipated source(s) of the distribution will be made available. The Section 19(a) notice will be posted to a Fund’s website and to the Depository Trust & Clearing Corporation so that brokers can distribute such notices to Shareholders of the Fund. Section 19(a) notices are provided for informational purposes only and not for tax reporting purposes. The final determination of the source and tax characteristics of all distributions will be made after the end of the year. This information is not legal or tax advice. Consult a professional regarding your specific legal or tax matters.

    About Guggenheim Investments 
    Guggenheim Investments is the global asset management and investment advisory division of Guggenheim Partners, LLC (“Guggenheim”), with more than $246 billion* in assets under management across fixed income, equity, and alternative strategies. We focus on the return and risk needs of insurance companies, corporate and public pension funds, sovereign wealth funds, endowments and foundations, consultants, wealth managers, and high-net-worth investors. Our 220+ investment professionals perform rigorous research to understand market trends and identify undervalued opportunities in areas that are often complex and underfollowed. This approach to investment management has enabled us to deliver innovative strategies providing diversification opportunities and attractive long-term results.

    Guggenheim Investments includes Guggenheim Funds Investment Advisors, LLC (“GFIA”), Guggenheim Partners Investment Management, LLC (“GPIM”) and Guggenheim Funds Distributors, LLC (“GFD”). GFIA serves as Investment Adviser for GBAB, GOF and GUG. GPIM serves as Investment Sub-Adviser for GBAB, GOF and GUG. GFD serves as servicing agent for AVK. The Investment Adviser for AVK is Advent Capital Management, LLC and is not affiliated with Guggenheim.

    *Assets under management are as of 3.31.2025 and include leverage of $15.2bn. Guggenheim Investments represents the following affiliated investment management businesses of Guggenheim Partners, LLC: Guggenheim Partners Investment Management, LLC, Security Investors, LLC, Guggenheim Funds Distributors, LLC, Guggenheim Funds Investment Advisors, LLC, Guggenheim Corporate Funding, LLC, Guggenheim Wealth Solutions, LLC, Guggenheim Partners Europe Limited, Guggenheim Partners Japan Limited, GS GAMMA Advisors, LLC, and Guggenheim Private Investments, LLC.

    This information does not represent an offer to sell securities of the Funds and it is not soliciting an offer to buy securities of the Funds. There can be no assurance that the Funds will achieve their investment objectives. Investments in the Funds involve operating expenses and fees. The net asset value of the Funds will fluctuate with the value of the underlying securities. It is important to note that closed-end funds trade on their market value, not net asset value, and closed-end funds often trade at a discount to their net asset value. Past performance is not indicative of future performance. An investment in closed-end funds is subject to investment risk, including the possible loss of the entire amount that you invest. Some general risks and considerations associated with investing in a closed-end fund may include: Investment and Market Risk; Lower Grade Securities Risk; Equity Securities Risk; Foreign Securities Risk; Interest Rate Risk; Illiquidity Risk; Derivative Risk; Management Risk; Anti-Takeover Provisions; Market Disruption Risk and Leverage Risk. See www.guggenheiminvestments.com/cef for a detailed discussion of Fund-specific risks.

    Investors should consider the investment objectives and policies, risk considerations, charges and expenses of any investment before they invest. For this and more information, visit www.guggenheiminvestments.com or contact a securities representative or Guggenheim Funds Distributors, LLC 227 West Monroe Street, Chicago, IL 60606, 800-345-7999.

    Analyst Inquiries 
    William T. Korver
    cefs@guggenheiminvestments.com

    Not FDIC-Insured | Not Bank-Guaranteed | May Lose Value
    Member FINRA/SIPC (07/25) 65312

    The MIL Network

  • MIL-OSI: Ingersoll Rand Accelerates Value Creation Through Continued M&A, Announces New Acquisition

    Source: GlobeNewswire (MIL-OSI)

    • Continues the company’s disciplined capital allocation strategy of targeted bolt-on acquisitions and proven ability to build trusted, proprietary partnerships with family-owned businesses
    • Acquisition expands Ingersoll Rand competencies and capabilities in high-growth end markets
    • Purchase made at an attractive low-double-digit multiple with expected post-synergy multiple in the mid-to-high single digits

    DAVIDSON, N.C., July 01, 2025 (GLOBE NEWSWIRE) — Ingersoll Rand Inc., (NYSE: IR) a global provider of mission-critical flow creation and life science and industrial solutions, has acquired Termomeccanica Industrial Compressors S.p.A. (“TMIC”) and its subsidiary Adicomp S.p.A. (“Adicomp”) (collectively “TMIC/Adicomp”) with a purchase price of approximately €160 million.

    TMIC is an international leader in the design and production of air and gas compressors with over 100 years of experience and innovation. Its subsidiary Adicomp provides engineered-to-order (ETO) solutions in the renewable natural gas (RNG) industry. TMIC/Adicomp are based in Italy, with an existing presence in North America and recent expansion into Brazil and India, and improve the company’s RNG gas-ends and packaging presence. The businesses will join the Industrial Technologies and Services (IT&S) segment.

    “TMIC/Adicomp are leading businesses in their respective industries, and today we welcome them to Ingersoll Rand,” said Vicente Reynal, chairman and chief executive officer of Ingersoll Rand. “These companies strengthen our core capabilities and broaden our service offerings, enabling us to deliver greater value to our customers while advancing our long-term growth strategy for shareholders. Additionally, these companies reflect the strength of our M&A flywheel and reaffirm our ability to partner with family-owned businesses on a proprietary basis.”

    About Ingersoll Rand Inc.

    Ingersoll Rand Inc. (NYSE: IR), driven by an entrepreneurial spirit and ownership mindset, is dedicated to Making Life Better for our employees, customers, shareholders, and planet. Customers lean on us for exceptional performance and durability in mission-critical flow creation and life science and industrial solutions. Supported by over 80+ respected brands, our products and services excel in the most complex and harsh conditions. Our employees develop customers for life through their daily commitment to expertise, productivity, and efficiency. For more information, visit www.IRCO.com.

    Forward-Looking Statements
    This news release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including statements related to Ingersoll Rand Inc.’s (the “Company” or “Ingersoll Rand”) expectations regarding the performance of its business, its financial results, its liquidity and capital resources and other non-historical statements. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “forecast,” “outlook,” “target,” “endeavor,” “seek,” “predict,” “intend,” “strategy,” “plan,” “may,” “could,” “should,” “will,” “would,” “will be,” “on track to,” “will continue,” “will likely result,” “guidance” or the negative thereof or variations thereon or similar terminology generally intended to identify forward-looking statements. All statements other than historical facts are forward-looking statements.

    These forward-looking statements are based on Ingersoll Rand’s current expectations and are subject to risks and uncertainties, which may cause actual results to differ materially from these current expectations. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. The inclusion of such statements should not be regarded as a representation that such plans, estimates, or expectations will be achieved. Important factors that could cause actual results to differ materially from such plans, estimates or expectations include, among others, (1) adverse impact on our operations and financial performance due to natural disaster, catastrophe, global pandemics (including COVID-19), geopolitical tensions, cyber events, or other events outside of our control; (2) unexpected costs, charges, or expenses resulting from completed and proposed business combinations; (3) uncertainty of the expected financial performance of the Company; (4) failure to realize the anticipated benefits of completed and proposed business combinations; (5) the ability of the Company to implement its business strategy; (6) difficulties and delays in achieving revenue and cost synergies; (7) inability of the Company to retain and hire key personnel; (8) evolving legal, regulatory, and tax regimes; (9) changes in general economic and/or industry specific conditions; (10) actions by third parties, including government agencies; and (11) other risk factors detailed in Ingersoll Rand’s most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission (the “SEC”), as such factors may be updated from time to time in its periodic filings with the SEC, which are available on the SEC’s website at http://www.sec.gov. The foregoing list of important factors is not exclusive.

    Any forward-looking statements speak only as of the date of this release. Ingersoll Rand undertakes no obligation to update any forward-looking statements, whether as a result of new information or development, future events or otherwise, except as required by law. Readers are cautioned not to place undue reliance on any of these forward-looking statements.

    The MIL Network

  • Trump escalates feud with Musk, threatens Tesla, SpaceX support

    Source: Government of India

    Source: Government of India (4)

    U.S. President Donald Trump on Tuesday threatened to cut off the billions of dollars in subsidies that Elon Musk’s companies receive from the federal government, in an escalation of the war of words between the president and the world’s richest man, one-time allies who have since fallen out.

    The feud reignited on Monday when Musk, who spent hundreds of millions on Trump’s re-election, renewed his criticism of Trump’s tax-cut and spending bill, which would eliminate subsidies for electric vehicle purchases that have benefited Tesla, the leading U.S. EV maker. That bill passed the Senate by a narrow margin midday Tuesday.

    “He’s upset that he’s losing his EV mandate and … he’s very upset about things but he can lose a lot more than that,” Trump told reporters at the White House on Tuesday.

    Though Musk has often said government subsidies should be eliminated, Tesla has historically benefited from billions of dollars in tax credits and other policy benefits because of its business in clean transportation and renewable energy. The Trump administration has control over many of those programs, some of which are targeted in the tax bill, including a $7,500 consumer tax credit that has made buying or leasing EVs more attractive for consumers.

    Tesla shares dropped more than 5.5% Tuesday.

    The Tesla CEO renewed threats to start a new political party and spend money to unseat lawmakers who support the tax bill, despite campaigning on limiting government spending. Republicans have expressed concern that Musk’s on-again, off-again feud with Trump could hurt their chances to protect their majority in the 2026 midterm congressional elections.

    Treasury Secretary Scott Bessent pushed back on Musk’s criticism that the bill would balloon the deficit, saying, “I’ll take care of” the country’s finances.

    Musk spearheaded the Department of Government Efficiency (DOGE), aimed at cutting government spending, before he pulled back his involvement in late May. Trump on Truth Social on Tuesday suggested Musk might receive more subsidies “than any human being in history, by far,” adding: “No more Rocket launches, Satellites, or Electric Car Production, and our Country would save a FORTUNE.”

    Trump later doubled down, telling reporters with a smile, “DOGE is the monster that might have to go back and eat Elon.”

    In response to Trump’s threats, Musk said on his own social media platform X, “I am literally saying CUT IT ALL. Now.” He later added that he could escalate the exchange with Trump but said, “I will refrain for now.”

    CHALLENGES TO TESLA

    The feud could create new challenges for Musk’s business empire, particularly as the electric automaker — his primary source of wealth — bets heavily on the success of its robotaxi program currently being tested in Austin, Texas. The speed of Tesla’s robotaxi expansion depends heavily on state and federal regulation of self-driving vehicles.

    “The substance of Tesla’s valuation right now is based on progress towards autonomy. I don’t think anything is going to happen on that front, but that is the risk,” said Gene Munster, managing partner at Tesla investor Deepwater Asset Management.

    Analysts expect another rough quarter when the EV maker reports second-quarter delivery figures on Wednesday. Sales in major European markets were mixed, data showed Tuesday, as Musk’s embrace of hard-right politics has alienated potential buyers in several markets worldwide. The elimination of the EV credit could hit Tesla’s earnings by as much as $1.2 billion, about 17% of its 2024 operating income, J.P. Morgan analysts estimated earlier this year.

    Gary Black, a longtime Tesla investor who manages money for the Future Fund LLC, sold his shares recently as car sales declined. He told Reuters he is considering when to reinvest and that eliminating electric vehicle credits would harm Tesla. In a separate post on X, Black said: “Not sure why @elonmusk didn’t see this coming as a result of him speaking out against passage of President Trump’s big beautiful bill.”

    The U.S. Transportation Department regulates vehicle design and will play a key role in deciding if Tesla can mass-produce robotaxis without pedals and steering wheels, while Musk’s rocket firm SpaceX has about $22 billion in federal contracts.

    Tesla also gets regulatory credits for selling electric vehicles, and has reaped nearly $11 billion by selling those credits to other automakers who are unable to comply with increasingly strict vehicle emissions rules. Without those sales, the company would have posted a first-quarter loss in April.

    Trump had in early June threatened to cut Musk’s government contracts when their relationship erupted into an all-out social media brawl over the tax-cut bill, which non-partisan analysts estimate would add about $3 trillion to the U.S. debt.

    Asked if he was going to deport Musk, a naturalized U.S. citizen, Trump told reporters as he left the White House on Tuesday: “I don’t know. We’ll have to take a look.”

    -Reuters

  • MIL-Evening Report: What did ancient Rome smell like? Honestly, often pretty rank

    Source: The Conversation (Au and NZ) – By Thomas J. Derrick, Gale Research Fellow in Ancient Glass and Material Culture, Macquarie University

    minoandriani/Getty Images

    The roar of the arena crowd, the bustle of the Roman forum, the grand temples, the Roman army in red with glistening shields and armour – when people imagine ancient Rome, they often think of its sights and sounds. We know less, however, about the scents of ancient Rome.

    We cannot, of course, go back and sniff to find out. But the literary texts, physical remains of structures, objects, and environmental evidence (such as plants and animals) can offer clues.

    So what might ancient Rome have smelled like?

    Honestly, often pretty rank

    In describing the smells of plants, author and naturalist Pliny the Elder uses words such as iucundus (agreeable), acutus (pungent), vis (strong), or dilutus (weak).

    None of that language is particularly evocative in its power to transport us back in time, unfortunately.

    But we can probably safely assume that, in many areas, Rome was likely pretty dirty and rank-smelling. Property owners did not commonly connect their toilets to the sewers in large Roman towns and cities – perhaps fearing rodent incursions or odours.

    Roman sewers were more like storm drains, and served to take standing water away from public areas.

    Professionals collected faeces for fertiliser and urine for cloth processing from domestic and public latrines and cesspits. Chamber pots were also used, which could later be dumped in cesspits.

    This waste disposal process was just for those who could afford to live in houses; many lived in small, non-domestic spaces, barely furnished apartments, or on the streets.

    A common whiff in the Roman city would have come from the animals and the waste they created. Roman bakeries frequently used large lava stone mills (or “querns”) turned by mules or donkeys. Then there was the smell of pack animals and livestock being brought into town for slaughter or sale.

    Animals were part of life in the Roman empire.
    Marco_Piunti/Getty Images

    The large “stepping-stones” still seen in the streets of Pompeii were likely so people could cross streets and avoid the assorted feculence that covered the paving stones.

    Disposal of corpses (animals and human) was not formulaic. Depending on the class of the person who had died, people might well have been left out in the open without cremation or burial.

    Bodies, potentially decaying, were a more common sight in ancient Rome than now.

    Suetonius, writing in the first century CE, famously wrote of a dog carrying a severed human hand to the dining table of the Emperor Vespasian.

    Deodorants and toothpastes

    In a world devoid of today’s modern scented products – and daily bathing by most of the population – ancient Roman settlements would have smelt of body odour.

    Classical literature has some recipes for toothpaste and even deodorants.

    However, many of the deodorants were to be used orally (chewed or swallowed) to stop one’s armpits smelling.

    One was made by boiling golden thistle root in fine wine to induce urination (which was thought to flush out odour).

    The Roman baths would likely not have been as hygienic as they may appear to tourists visiting today. A small tub in a public bath could hold between eight and 12 bathers.

    The Romans had soap, but it wasn’t commonly used for personal hygiene. Olive oil (including scented oil) was preferred. It was scraped off the skin with a strigil (a bronze curved tool).

    This oil and skin combination was then discarded (maybe even slung at a wall). Baths had drains – but as oil and water don’t mix, it was likely pretty grimy.

    Scented perfumes

    The Romans did have perfumes and incense.

    The invention of glassblowing in the late first century BCE (likely in Roman-controlled Jerusalem) made glass readily available, and glass perfume bottles are a common archaeological find.

    Animal and plant fats were infused with scents – such as rose, cinnamon, iris, frankincense and saffron – and were mixed with medicinal ingredients and pigments.

    The roses of Paestum in Campania (southern Italy) were particularly prized, and a perfume shop has even been excavated in the city’s Roman forum.

    The trading power of the vast Roman empire meant spices could be sourced from India and the surrounding regions.

    There were warehouses for storing spices such as pepper, cinnamon and myrrh in the centre of Rome.

    In a recent Oxford Journal of Archaeology article, researcher Cecilie Brøns writes that even ancient statues could be perfumed with scented oils.

    Sources frequently do not describe the smell of perfumes used to anoint the statues, but a predominantly rose-based perfume is specifically mentioned for this purpose in inscriptions from the Greek city of Delos (at which archaeologists have also identified perfume workshops). Beeswax was likely added to perfumes as a stabiliser.

    Enhancing the scent of statues (particularly those of gods and goddesses) with perfumes and garlands was important in their veneration and worship.

    An olfactory onslaught

    The ancient city would have smelt like human waste, wood smoke, rotting and decay, cremating flesh, cooking food, perfumes and incense, and many other things.

    It sounds awful to a modern person, but it seems the Romans did not complain about the smell of the ancient city that much.

    Perhaps, as historian Neville Morley has suggested, to them these were the smells of home or even of the height of civilisation.

    Thomas J. Derrick 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. What did ancient Rome smell like? Honestly, often pretty rank – https://theconversation.com/what-did-ancient-rome-smell-like-honestly-often-pretty-rank-257111

    MIL OSI AnalysisEveningReport.nz

  • MIL-Evening Report: News laws to make it harder for large Australian and foreign companies to avoid paying tax

    Source: The Conversation (Au and NZ) – By Kerrie Sadiq, Professor of Taxation, QUT Business School, and ARC Future Fellow, Queensland University of Technology

    The Conversation, CC BY

    The beginning of the financial year means for the first time in Australia the public will see previously unreleased tax reports produced by multinational taxpayers.

    These documents, known as country-by-country reports, or CbCR for short, contain information about the tax practices of large Australian businesses and foreign businesses operating in Australia. This information, previously only available to the taxpayer and the Australian Tax Office, will be made public.

    Country-by-country reports, announced in the October 2022-2023 budget, were introduced with other measures designed to improve corporate tax behaviour. The reports will be released from this week as part of corporate reporting practices. Multinationals have 12 months to comply.

    A fairer tax system

    Country-by-country reporting forms part of the government’s multinational tax integrity election commitment package. The aim is to ensure a fairer and more sustainable tax system. Large firms will be required to publish a statement on their global activities plus tax information for each jurisdiction in which they operate.

    Until now, large multinationals only had to prepare annual consolidated financial statements under international financial reporting standards. The traditional reports aggregate results and provide limited geographic reporting information.

    Traditional high-level reporting allows multinationals to conceal their country-level activities. This hides questionable tax practices.

    Country-by-country reporting allows us to better see where a multinational operates. More importantly, the amount of activity in each jurisdiction is reported. The information provides clues as to whether artificial profit shifting has occurred.

    Anyone interested can uncover details about how multinationals structure their global operations. Information may reveal a misalignment between the company’s real economic presence in a country, the profits they book and taxes they pay in that country.

    Bringing Australia into line with the EU

    Country-by-country reporting is not new. It is the requirement that the information be made public that has changed.

    Australian firms have been required to provide such reports to the Australian Tax Office since 2016. However, the information has been confidential.

    The new public disclosure law brings Australia in line with large firms operating in the European Union which brought in the change last year.

    How country-by-country reporting works

    A taxpayer with annual global income above A$1 billion and at least A$10 million of its turnover Australian-sourced will need to produce a report. The obligation to disclose rests with the parent entity no matter where they are located.

    Australia’s largest companies, including mining giants Rio Tinto and BHP, biotech firm CSL, and investment bank Macquarie Group, will be among those expected to report, as will foreign tech behemoths such as Apple, Amazon, Microsoft and Meta.

    These tech giants are the same US firms likely to be excluded from the global minimum tax rules under a G7 agreement reached last week. Under the agreement, US multinationals were exempted from paying more corporate tax overseas. Other G7 members gave in to protect their own companies from the US’s threat of retaliation.

    Under the law change in Australia, a parent entity will provide its name, the names of all members of the group, a description of their approach to tax, and information about operations in certain countries. Included on the list are countries that attract multinationals due to reduced tax obligations, such as Singapore, Switzerland, and the Bahamas.

    Everyone will be able to see where a multinational is operating. They will also see the types of business activities conducted, number of employees, assets, revenue, and taxes paid. Large profits in a country but little business activity and very few employees may raise questions, especially if a country has a low tax rate.

    Benefits of better transparency

    Access to the extra information will help investors assess the tax and reputational risk of a firm. A multinational that shifts profits to low tax countries may be audited and pay extra tax and penalties.

    Increased transparency allows greater scrutiny. In turn, it is hoped multinationals will reduce aggressive tax planning due to potential risk to their reputation.

    If multinationals shift less taxable profits out of Australia to low-tax or no-tax jurisdictions, this will lead to Australia receiving a greater share of much needed corporate tax revenue.

    Reducing profit shifting

    Recent academic research on public country-by-country reporting reveals it provides additional information to better identify tax haven activity. However, it does not result in a significant drop in corporate tax avoidance.

    Increased tax transparency helps investors and tax authorities to better understand a multinational’s economic and tax geographic footprint. It is also important when it seems that US giants will be excluded from the 15% global minimum tax rules. Transparency by itself, however, does not lead to multinationals paying more corporate taxes.

    By its very nature, tax avoidance is legal but pushes the boundaries by going against the spirit of the law. Indeed, many large multinationals argue tax is a legal obligation and is not voluntary. They maintain they pay the tax required of them according to the law.

    Undoubtedly, Australia’s new public country-by-country regime is a positive step for tax transparency. As a country initiative, it has been applauded as groundbreaking and world leading. However, it is not a panacea to corporate tax avoidance.

    To limit corporate tax avoidance and have multinationals pay more corporate taxes, we must get to the heart of the problem. We must change the law that dictates the way multinationals are taxed.

    Kerrie Sadiq currently receives funding from the Australian Research Council. She has previously received research grants from CPA Australia and CAANZ.

    Rodney Brown has previously received research grants from CPA Australia and CAANZ.

    ref. News laws to make it harder for large Australian and foreign companies to avoid paying tax – https://theconversation.com/news-laws-to-make-it-harder-for-large-australian-and-foreign-companies-to-avoid-paying-tax-260004

    MIL OSI AnalysisEveningReport.nz

  • MIL-Evening Report: News laws to make it harder for large Australian and foreign companies to avoid paying tax

    Source: The Conversation (Au and NZ) – By Kerrie Sadiq, Professor of Taxation, QUT Business School, and ARC Future Fellow, Queensland University of Technology

    The Conversation, CC BY

    The beginning of the financial year means for the first time in Australia the public will see previously unreleased tax reports produced by multinational taxpayers.

    These documents, known as country-by-country reports, or CbCR for short, contain information about the tax practices of large Australian businesses and foreign businesses operating in Australia. This information, previously only available to the taxpayer and the Australian Tax Office, will be made public.

    Country-by-country reports, announced in the October 2022-2023 budget, were introduced with other measures designed to improve corporate tax behaviour. The reports will be released from this week as part of corporate reporting practices. Multinationals have 12 months to comply.

    A fairer tax system

    Country-by-country reporting forms part of the government’s multinational tax integrity election commitment package. The aim is to ensure a fairer and more sustainable tax system. Large firms will be required to publish a statement on their global activities plus tax information for each jurisdiction in which they operate.

    Until now, large multinationals only had to prepare annual consolidated financial statements under international financial reporting standards. The traditional reports aggregate results and provide limited geographic reporting information.

    Traditional high-level reporting allows multinationals to conceal their country-level activities. This hides questionable tax practices.

    Country-by-country reporting allows us to better see where a multinational operates. More importantly, the amount of activity in each jurisdiction is reported. The information provides clues as to whether artificial profit shifting has occurred.

    Anyone interested can uncover details about how multinationals structure their global operations. Information may reveal a misalignment between the company’s real economic presence in a country, the profits they book and taxes they pay in that country.

    Bringing Australia into line with the EU

    Country-by-country reporting is not new. It is the requirement that the information be made public that has changed.

    Australian firms have been required to provide such reports to the Australian Tax Office since 2016. However, the information has been confidential.

    The new public disclosure law brings Australia in line with large firms operating in the European Union which brought in the change last year.

    How country-by-country reporting works

    A taxpayer with annual global income above A$1 billion and at least A$10 million of its turnover Australian-sourced will need to produce a report. The obligation to disclose rests with the parent entity no matter where they are located.

    Australia’s largest companies, including mining giants Rio Tinto and BHP, biotech firm CSL, and investment bank Macquarie Group, will be among those expected to report, as will foreign tech behemoths such as Apple, Amazon, Microsoft and Meta.

    These tech giants are the same US firms likely to be excluded from the global minimum tax rules under a G7 agreement reached last week. Under the agreement, US multinationals were exempted from paying more corporate tax overseas. Other G7 members gave in to protect their own companies from the US’s threat of retaliation.

    Under the law change in Australia, a parent entity will provide its name, the names of all members of the group, a description of their approach to tax, and information about operations in certain countries. Included on the list are countries that attract multinationals due to reduced tax obligations, such as Singapore, Switzerland, and the Bahamas.

    Everyone will be able to see where a multinational is operating. They will also see the types of business activities conducted, number of employees, assets, revenue, and taxes paid. Large profits in a country but little business activity and very few employees may raise questions, especially if a country has a low tax rate.

    Benefits of better transparency

    Access to the extra information will help investors assess the tax and reputational risk of a firm. A multinational that shifts profits to low tax countries may be audited and pay extra tax and penalties.

    Increased transparency allows greater scrutiny. In turn, it is hoped multinationals will reduce aggressive tax planning due to potential risk to their reputation.

    If multinationals shift less taxable profits out of Australia to low-tax or no-tax jurisdictions, this will lead to Australia receiving a greater share of much needed corporate tax revenue.

    Reducing profit shifting

    Recent academic research on public country-by-country reporting reveals it provides additional information to better identify tax haven activity. However, it does not result in a significant drop in corporate tax avoidance.

    Increased tax transparency helps investors and tax authorities to better understand a multinational’s economic and tax geographic footprint. It is also important when it seems that US giants will be excluded from the 15% global minimum tax rules. Transparency by itself, however, does not lead to multinationals paying more corporate taxes.

    By its very nature, tax avoidance is legal but pushes the boundaries by going against the spirit of the law. Indeed, many large multinationals argue tax is a legal obligation and is not voluntary. They maintain they pay the tax required of them according to the law.

    Undoubtedly, Australia’s new public country-by-country regime is a positive step for tax transparency. As a country initiative, it has been applauded as groundbreaking and world leading. However, it is not a panacea to corporate tax avoidance.

    To limit corporate tax avoidance and have multinationals pay more corporate taxes, we must get to the heart of the problem. We must change the law that dictates the way multinationals are taxed.

    Kerrie Sadiq currently receives funding from the Australian Research Council. She has previously received research grants from CPA Australia and CAANZ.

    Rodney Brown has previously received research grants from CPA Australia and CAANZ.

    ref. News laws to make it harder for large Australian and foreign companies to avoid paying tax – https://theconversation.com/news-laws-to-make-it-harder-for-large-australian-and-foreign-companies-to-avoid-paying-tax-260004

    MIL OSI AnalysisEveningReport.nz

  • MIL-Evening Report: ‘Shit in, shit out’: AI is coming for agriculture, but farmers aren’t convinced

    Source: The Conversation (Au and NZ) – By Tom Lee, Senior Lecturer, School of Design, University of Technology Sydney

    David Gray / AFP / Getty Images

    Australian farms are at the forefront of a wave of technological change coming to agriculture. Over the past decade, more than US$200 billion (A$305 billion) has been invested globally into the likes of pollination robots, smart soil sensors and artificial intelligence (AI) systems to help make decisions.

    What do the people working the land make of it all? We interviewed dozens of Australian farmers about AI and digital technology, and found they had a sophisticated understanding of their own needs and how technology might help – as well as a wariness of tech companies’ utopian promises.

    The future of farming

    The supposed revolution coming to agriculture goes by several names: “precision agriculture”, “smart farming”, and “agriculture 4.0” are some of the more common ones.

    These names all gesture towards a future in which the relationship between humans, computing and nature have been significantly reconfigured. Perhaps remote sensing technology will monitor ever more of a farm system, autonomous vehicles will patrol it, and AI will predict crop growth or cattle weight gain.

    But there’s another story to tell about the way technological change happens. It involves people and communities creating their own future, their own sense of important change from the past.

    AI, country style

    Our research team conducted more than 35 interviews with farmers, specifically livestock producers, from across Australia.

    The dominant themes of their responses were captured in two pithy quotes: “shit in, shit out” and “more automation, less features”.

    “Shit in, shit out” is an earthier version of the “garbage in, garbage out” adage in computer science. If the data going into a model is unreliable or overly abstract, then the outputs will be shaped by those errors.

    This captured a real concern for many farmers. They didn’t feel they could trust new technologies if they didn’t understand what knowledge and information they had been built with.

    A different kind of automation

    On the other hand, “more automation, less features” is what farmers want: technologies that may not have a lot of bells and whistles, but can reliably take a task off their hands.

    Australian farmers have a ready appetite for labour-saving technologies. When human bodies are scarce, as they often are in rural Australia, machines are created to fill the void.

    Windmills, wire fences, and even the iconic Australian sheepdog have been a crucial part of the technological narrative of settler colonial farming. These things are not “autonomous” in the same way as computer-powered vehicles and drones, but they offer similar advantages to farmers.

    What these classic farm technologies have in common is a simplicity that derives from a clarity of purpose. They are the opposite of the “everything apps” that fuel the dreams of many Silicon Valley entrepreneurs.

    “More automation, less features” is in this sense a farmer envisaging a digital product that fits with their image of a useful technology: transparent in its operations, and a reliable replacement for or an addition to human labour.

    The lesson of the Suzuki Sierra Stockman

    When speaking with one farmer about favoured technologies of her lifetime, she mentioned the Suzuki Sierra Stockman. These small, no-frills, four-wheel-drive vehicles became something of an icon on Australian sheep and cattle farms through the 1970s, ‘80s and ’90s.

    By the 1990s, the Suzuki Sierra Stockman had an iconic status among Australian farmers.
    Turbo_J / Flickr

    Reflecting on her memories of first using the vehicle, the farmer said:

    Once I learnt that I could actually draft cattle out with the Suzuki, that changed everything. You could do exactly what you did on a horse with a vehicle.

    It seems unlikely that Suzuki’s engineers in Japan envisaged their little jeep chasing cattle in the paddocks of Central West of NSW. The Suzuki was in a sense remade by farmers who found innovative uses for it.

    Future technology must be simple, adaptable and reliable

    The combustion engine was a key technological change on farms in the 20th century. Computers may play a similar role in the 21st.

    We are perhaps yet to see a digital product as iconic as wire fences, windmills, sheepdogs and the Suzuki Stockman. Computers are still largely technologies of the office, not the paddock.

    However, this is changing as computers get smaller and are wired into water tanks, soil monitors and in-paddock scales. More data input from these sensors means AI systems have more scope to help farmers make decisions.

    AI may well become a much-loved tool for farmers. But that journey to iconic status will depend as much on how farmers adapt the technology as on how the developers build it. And we can guess at what it will look like: simple, adaptable and reliable.

    This article is based on research conducted by the Foragecaster project, led by AgriWebb and supported by funding from Food Agility CRC Ltd, funded under the Commonwealth Government CRC Program. The CRC Program supports industry-led collaborations between industry, researchers and the community. This project was also supported by funding from Meat and Livestock Australia (MLA).

    ref. ‘Shit in, shit out’: AI is coming for agriculture, but farmers aren’t convinced – https://theconversation.com/shit-in-shit-out-ai-is-coming-for-agriculture-but-farmers-arent-convinced-259997

    MIL OSI AnalysisEveningReport.nz

  • MIL-Evening Report: ‘Shit in, shit out’: AI is coming for agriculture, but farmers aren’t convinced

    Source: The Conversation (Au and NZ) – By Tom Lee, Senior Lecturer, School of Design, University of Technology Sydney

    David Gray / AFP / Getty Images

    Australian farms are at the forefront of a wave of technological change coming to agriculture. Over the past decade, more than US$200 billion (A$305 billion) has been invested globally into the likes of pollination robots, smart soil sensors and artificial intelligence (AI) systems to help make decisions.

    What do the people working the land make of it all? We interviewed dozens of Australian farmers about AI and digital technology, and found they had a sophisticated understanding of their own needs and how technology might help – as well as a wariness of tech companies’ utopian promises.

    The future of farming

    The supposed revolution coming to agriculture goes by several names: “precision agriculture”, “smart farming”, and “agriculture 4.0” are some of the more common ones.

    These names all gesture towards a future in which the relationship between humans, computing and nature have been significantly reconfigured. Perhaps remote sensing technology will monitor ever more of a farm system, autonomous vehicles will patrol it, and AI will predict crop growth or cattle weight gain.

    But there’s another story to tell about the way technological change happens. It involves people and communities creating their own future, their own sense of important change from the past.

    AI, country style

    Our research team conducted more than 35 interviews with farmers, specifically livestock producers, from across Australia.

    The dominant themes of their responses were captured in two pithy quotes: “shit in, shit out” and “more automation, less features”.

    “Shit in, shit out” is an earthier version of the “garbage in, garbage out” adage in computer science. If the data going into a model is unreliable or overly abstract, then the outputs will be shaped by those errors.

    This captured a real concern for many farmers. They didn’t feel they could trust new technologies if they didn’t understand what knowledge and information they had been built with.

    A different kind of automation

    On the other hand, “more automation, less features” is what farmers want: technologies that may not have a lot of bells and whistles, but can reliably take a task off their hands.

    Australian farmers have a ready appetite for labour-saving technologies. When human bodies are scarce, as they often are in rural Australia, machines are created to fill the void.

    Windmills, wire fences, and even the iconic Australian sheepdog have been a crucial part of the technological narrative of settler colonial farming. These things are not “autonomous” in the same way as computer-powered vehicles and drones, but they offer similar advantages to farmers.

    What these classic farm technologies have in common is a simplicity that derives from a clarity of purpose. They are the opposite of the “everything apps” that fuel the dreams of many Silicon Valley entrepreneurs.

    “More automation, less features” is in this sense a farmer envisaging a digital product that fits with their image of a useful technology: transparent in its operations, and a reliable replacement for or an addition to human labour.

    The lesson of the Suzuki Sierra Stockman

    When speaking with one farmer about favoured technologies of her lifetime, she mentioned the Suzuki Sierra Stockman. These small, no-frills, four-wheel-drive vehicles became something of an icon on Australian sheep and cattle farms through the 1970s, ‘80s and ’90s.

    By the 1990s, the Suzuki Sierra Stockman had an iconic status among Australian farmers.
    Turbo_J / Flickr

    Reflecting on her memories of first using the vehicle, the farmer said:

    Once I learnt that I could actually draft cattle out with the Suzuki, that changed everything. You could do exactly what you did on a horse with a vehicle.

    It seems unlikely that Suzuki’s engineers in Japan envisaged their little jeep chasing cattle in the paddocks of Central West of NSW. The Suzuki was in a sense remade by farmers who found innovative uses for it.

    Future technology must be simple, adaptable and reliable

    The combustion engine was a key technological change on farms in the 20th century. Computers may play a similar role in the 21st.

    We are perhaps yet to see a digital product as iconic as wire fences, windmills, sheepdogs and the Suzuki Stockman. Computers are still largely technologies of the office, not the paddock.

    However, this is changing as computers get smaller and are wired into water tanks, soil monitors and in-paddock scales. More data input from these sensors means AI systems have more scope to help farmers make decisions.

    AI may well become a much-loved tool for farmers. But that journey to iconic status will depend as much on how farmers adapt the technology as on how the developers build it. And we can guess at what it will look like: simple, adaptable and reliable.

    This article is based on research conducted by the Foragecaster project, led by AgriWebb and supported by funding from Food Agility CRC Ltd, funded under the Commonwealth Government CRC Program. The CRC Program supports industry-led collaborations between industry, researchers and the community. This project was also supported by funding from Meat and Livestock Australia (MLA).

    ref. ‘Shit in, shit out’: AI is coming for agriculture, but farmers aren’t convinced – https://theconversation.com/shit-in-shit-out-ai-is-coming-for-agriculture-but-farmers-arent-convinced-259997

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI Security: Defense News in Brief: U.S., India Talk 10-Year Cooperative Framework, Defense Cooperation, Shared Priorities

    Source: United States Department of Defense

    Defense Secretary Pete Hegseth met at the Pentagon with India’s External Affairs Minister S. Jaishankar to discuss the close cooperation between the two countries, weapons sales and the upcoming signing of the “Framework for the U.S.-India Major Defense Partnership in the 21st Century.”

    MIL Security OSI

  • MIL-OSI Security: Michigan Man Sentenced to Two Years in Prison for Drug Distribution and Loan Fraud

    Source: US FBI

    BOSTON – A Michigan man was sentenced today in federal court in Boston for a conspiracy to import and sell illegal pharmaceuticals, including opioids, and to fund the operation of the scheme by fraudulently obtaining a COVID-19 pandemic relief loan.

    Donald Nchamukong, 37, was sentenced by U.S. Senior District Court Judge Nathaniel M. Gorton to two years in prison, to be followed by two years of supervised release. Nchamukong was also ordered to pay $200,000 in restitution. In March 2025, Nchamukong pleaded guilty to conspiracy to smuggle goods into the United States, committing loan fraud and distributing controlled substances.

    Starting in 2019 and continuing to 2022, Nchamukong and co-conspirator, Doyal Kalita, conspired to distribute drugs to persons in the United States over the internet and using call centers in India. Nchamukong used shell companies, including a purported dietary supplements company and an auto parts supplier, and associated bank and merchant accounts to process sales of illegal foreign drugs, including the Schedule IV opioid, tramadol. Nchamukong and Kalita also received shipments of tramadol from India and reshipped the drug to customers across the United States, including in Massachusetts. When the COVID-19 pandemic hit, Nchamukong and Kalita fraudulently obtained a $200,000 Economic Injury Disaster Loan to fund their illegal drug scheme.  

    In June 2024, Kalita was sentenced to 10 years in prison for orchestrating the online drug distribution scheme, a technical support fraud scheme and related money laundering.

    United States Attorney Leah B. Foley; Ted E. Docks, Special Agent in Charge of the Federal Bureau of Investigation, Boston Division; Thomas Demeo, Acting Special Agent in Charge of the Internal Revenue Service Criminal Investigation, Boston Field Office; and Fernando P. McMillan, Special Agent in Charge of the New York Field Office of the U.S. Food and Drug Administration, Office of Criminal Investigations made the announcement today. Valuable assistance was provided by Homeland Security Investigations in New York, the Small Business Administration and the United States Attorney’s Office for the Eastern District of New York. Assistant U.S. Attorney Kriss Basil, Deputy Chief of the Securities, Financial & Cyber Fraud Unit  prosecuted the case.

    On May 17, 2021, the Attorney General established the COVID-19 Fraud Enforcement Task Force to marshal the resources of the Department of Justice in partnership with agencies across government to enhance efforts to combat and prevent pandemic-related fraud. The Task Force bolsters efforts to investigate and prosecute the most culpable domestic and international criminal actors and assists agencies tasked with administering relief programs to prevent fraud by augmenting and incorporating existing coordination mechanisms, identifying resources and techniques to uncover fraudulent actors and their schemes, and sharing and harnessing information and insights gained from prior enforcement efforts. For more information on the department’s response to the pandemic, please visit https://www.justice.gov/coronavirus and https://www.justice.gov/coronavirus/combatingfraud.

    Anyone with information about allegations of attempted fraud involving COVID-19 can report it by calling the Department of Justice’s National Center for Disaster Fraud  Hotline via the NCDF Web Complaint Form.

    MIL Security OSI

  • Starmer wins vote on UK welfare reform but suffers damaging rebellion

    Source: Government of India

    Source: Government of India (4)

    British Prime Minister Keir Starmer won a vote on his welfare plans on Tuesday at significant political cost as he suffered the biggest parliamentary rebellion of his premiership and was forced to back down on key parts of the package.

    After his lawmakers pushed him into a series of embarrassing U-turns to sharply scale back plans to cut benefits, lawmakers in the House of Commons gave their initial approval to a package of measures Starmer says are vital to securing the future of the welfare system.

    But the scale of the rebellion – with 49 Labour lawmakers voting against the reforms – underlined the prime minister’s waning authority.

    A year after winning one of the largest parliamentary majorities in British history, Starmer has seen his personal approval ratings collapse and been forced into several policy reversals by his increasingly rebellious lawmakers.

    It’s been a bumpy time tonight,” work and pensions minister Liz Kendall told reporters after a session of parliament when lawmakers took turns to mostly criticise the planned changes. “There are definitely lessons to learn from this process.”

    Starmer came into office last year promising his big parliamentary majority would bring an end to the political chaos that defined much of the Conservative Party’s 14 years in power. But the revolt over the welfare bill underlines the difficulty he has pushing through unpopular changes.

    In the run-up to the vote, ministers and party enforcers known as “whips” had been locked in frantic last-ditch lobbying of undecided members of parliament to try to win their backing.

    In a further concession to rebels about two hours before the vote, the government said it would not finalise changes in eligibility for a key benefit payment until a review into the welfare system had been completed.

    Paula Barker, a Labour member of parliament, called the attempt to pass the plans “the most unedifying spectacle that I have ever seen”.

    In the end, the government suffered by far the biggest rebellion of Starmer’s premiership, eclipsing the 16 members of parliament who opposed an infrastructure bill earlier this month.

    Mel Stride, the opposition Conservative Party finance policy chief, described Starmer’s team as “a government that’s lost control”, only able to pass the legislation by having “ripped the heart of it out”.

    Labour lawmaker Henry Tufnell said by agreeing to the concessions Starmer had shown “he’s willing to take on board these criticisms that people have raised.”

    Almost 90 disability and human rights groups before the vote urged lawmakers to vote down the legislation.

     

    RISING COSTS

    The proposed reforms are designed to reduce the cost of Britain’s growing welfare bill, which the government has described as economically indefensible and morally wrong.

    Annual spending on incapacity and disability benefits already exceeds the country’s defence budget and is set to top 100 billion pounds ($137 billion) by 2030, according to official forecasts, up from 65 billion pounds now.

    More than half of the rise in working-age disability claims since the COVID-19 pandemic relates to mental health conditions, according to the Institute for Fiscal Studies think-tank.

    The government had initially hoped to save 5 billion pounds ($6.9 billion) a year by 2030 by tightening rules for people to receive disability and sickness benefits.

    But after the government conceded to pressure from its lawmakers, it said the new rules would now apply only to future applicants, not to the millions of existing claimants as had been proposed. Analysts estimated the savings would likely be closer to 2 billion pounds.

    It was not clear how the additional last-minute change would impact the hoped-for savings in the welfare reform package.

    Opposition politicians said the government would now have to raise taxes or cut government spending elsewhere to balance the public finances in the annual budget later this year.

    The government has said there would be no permanent increase in borrowing, but has declined to comment on possible tax rises.

    While Starmer is under no immediate threat, and the next election is not expected until 2029, his party now trails behind Nigel Farage’s populist Reform UK in opinion polls.

    John Curtice, Britain’s most respected pollster, said this week that Starmer was the most unpopular elected prime minister in modern British history, and that voters still did not know what he stood for a year after he was elected.

    -Reuters

  • MIL-OSI Africa: Visit of Foreign Secretary Shri Vikram Misri to Mauritius


    Download logo

    Foreign Secretary Shri Vikram Misri paid an official visit to the Republic of Mauritius on 01 July 2025. This was his second visit to Mauritius as Foreign Secretary.

    2. The visit followed the telephone conversation between Prime Minister Shri Narendra Modi and the Prime Minister of Mauritius, H.E. Dr. Navinchandra Ramgoolam, on 24 June 2025, during which the two leaders discussed the ongoing cooperation across a broad range of areas and reaffirmed their shared commitment to further strengthen the Enhanced Strategic Partnership between India and Mauritius.

    3. During the visit, Foreign Secretary called on the President, H.E. Mr. Dharambeer Gokhool, the Prime Minister, H.E. Dr Navinchandra Ramgoolam, the Deputy Prime Minister, H.E. Mr. Paul Berenger and the Foreign Minister of Mauritius, H.E. Mr. Dhananjay Ramful and met key Mauritian leaders and officials.

    4. In his meeting with the Prime Minister of Mauritius, Foreign Secretary reiterated the invitation of Prime Minister Modi to PM Ramgoolam to visit India. Both sides held discussions on the entire range of bilateral cooperation. Foreign Secretary sought guidance to further strengthen the special and close ties and conveyed India’s continued commitment to the development, progress and prosperity of Mauritius. As part of the commitment to work together to address challenges faced by Mauritius on account of increase in drug-addiction and related social issues, Foreign Secretary handed over specialized anti-drug equipment to FM Ramful.

    5. The visit is part of continued high-level exchanges between two countries and reflects the importance India attaches to its relations with Mauritius. In line with our Neighbourhood First policy, Vision MAHASAGAR and our commitment to the Global South, the visit reaffirmed the continued commitment from both sides to deepen the multi-dimensional bilateral partnership for the prosperity and development of both countries and the larger Indian Ocean Region.

    Distributed by APO Group on behalf of Ministry of External Affairs – Government of India.

    MIL OSI Africa

  • No Draper drama as British hope races past injured Baez in Wimbledon opener

    Source: Government of India

    Source: Government of India (4)

    Britain’s Jack Draper was handed the prime-time early evening slot to get his Wimbledon campaign up and running and spared his fans any fingernail biting as he eased past Argentina’s injured Sebastian Baez in double quick time on Tuesday.

    A dominant Draper was leading 6-2 6-2 2-1 on a boiling Court One when Baez, who hurt his knee earlier in the contest when slipping on the baseline, decided enough was enough with only one hour and 14 minutes on the clock.

    Home fans without tickets had parked themselves on the sun-baked hill adjacent to Court One and those watching at home on TV on their sofas for the entrance of world number four Draper.

    But on a day when many top men’s seeds withered in the scorching temperatures, 23-year-old Draper dispensed with any drama and got the job done in ruthless fashion.

    Left-hander Draper, the highest British seed at Wimbledon since Andy Murray returned as defending champion in 2017, will need all his mental and physical reserves to navigate the pitfalls of Wimbledon under an intense spotlight.

    He has been saddled with trying to fill the void left by the retirement of twice champion Murray, and avoiding drawn-out early round matches, the like of which Murray sometimes inflicted on his legion of fans, is no bad thing.

    Although, speaking on court, Draper said he would have perhaps preferred a slightly tougher test.

    “I wanted to play a bit longer in all honesty. It is no way to win like that and I wish Sebastian the best in his recovery of course,” Draper, who has rocketed up the rankings after reaching the U.S. Open semi-final last year, said.

    Draper will have a much sterner test in the next round when he faces big-serving Croatian Marin Cilic, a player who won the U.S. Open and also reached a Wimbledon final.

    He is also seeded to meet seven-times champion Novak Djokovic in the quarter-finals.

    HIGH EXPECTATIONS

    Asked how he is coping with the weight of expectation on his broad shoulders, Draper said: “I don’t think about it until people mention it every five minutes! I just think about what I can control and play the best tennis I can.

    “I have to face whoever is in front of me, I can’t be thinking about five matches ahead. I focus on whoever is up next. Everyone who is in this draw is in on their own merit, they can all play incredible tennis.”

    When the draw was made it seemed that Draper had been given a tough first hurdle with Baez ranked 38th in the world.

    In reality it was a mismatch.

    Draper’s serving power and venomous forehand were too much for a player more suited to clay and the writing was on the wall for Baez when he dropped his opening service game.

    The first set lasted only 25 minutes and towards the end of it the lightweight Baez slipped awkwardly when trying to change direction and early in the second set he required a lengthy check over from a doctor.

    Had it been a boxing match the towel might have been thrown in by then as Draper was handing out some serious punishment with a barrage of booming groundstrokes.

    Admirably Baez opted to carry on but the outcome was never in doubt and after he lost serve at the start of the third set he walked to the net and offered his hand.

    Draper has now matched his best Wimbledon run, having previously made the second round twice in three visits.

    This time, however, he will be expected to go much further.

    -Reuters

  • No Draper drama as British hope races past injured Baez in Wimbledon opener

    Source: Government of India

    Source: Government of India (4)

    Britain’s Jack Draper was handed the prime-time early evening slot to get his Wimbledon campaign up and running and spared his fans any fingernail biting as he eased past Argentina’s injured Sebastian Baez in double quick time on Tuesday.

    A dominant Draper was leading 6-2 6-2 2-1 on a boiling Court One when Baez, who hurt his knee earlier in the contest when slipping on the baseline, decided enough was enough with only one hour and 14 minutes on the clock.

    Home fans without tickets had parked themselves on the sun-baked hill adjacent to Court One and those watching at home on TV on their sofas for the entrance of world number four Draper.

    But on a day when many top men’s seeds withered in the scorching temperatures, 23-year-old Draper dispensed with any drama and got the job done in ruthless fashion.

    Left-hander Draper, the highest British seed at Wimbledon since Andy Murray returned as defending champion in 2017, will need all his mental and physical reserves to navigate the pitfalls of Wimbledon under an intense spotlight.

    He has been saddled with trying to fill the void left by the retirement of twice champion Murray, and avoiding drawn-out early round matches, the like of which Murray sometimes inflicted on his legion of fans, is no bad thing.

    Although, speaking on court, Draper said he would have perhaps preferred a slightly tougher test.

    “I wanted to play a bit longer in all honesty. It is no way to win like that and I wish Sebastian the best in his recovery of course,” Draper, who has rocketed up the rankings after reaching the U.S. Open semi-final last year, said.

    Draper will have a much sterner test in the next round when he faces big-serving Croatian Marin Cilic, a player who won the U.S. Open and also reached a Wimbledon final.

    He is also seeded to meet seven-times champion Novak Djokovic in the quarter-finals.

    HIGH EXPECTATIONS

    Asked how he is coping with the weight of expectation on his broad shoulders, Draper said: “I don’t think about it until people mention it every five minutes! I just think about what I can control and play the best tennis I can.

    “I have to face whoever is in front of me, I can’t be thinking about five matches ahead. I focus on whoever is up next. Everyone who is in this draw is in on their own merit, they can all play incredible tennis.”

    When the draw was made it seemed that Draper had been given a tough first hurdle with Baez ranked 38th in the world.

    In reality it was a mismatch.

    Draper’s serving power and venomous forehand were too much for a player more suited to clay and the writing was on the wall for Baez when he dropped his opening service game.

    The first set lasted only 25 minutes and towards the end of it the lightweight Baez slipped awkwardly when trying to change direction and early in the second set he required a lengthy check over from a doctor.

    Had it been a boxing match the towel might have been thrown in by then as Draper was handing out some serious punishment with a barrage of booming groundstrokes.

    Admirably Baez opted to carry on but the outcome was never in doubt and after he lost serve at the start of the third set he walked to the net and offered his hand.

    Draper has now matched his best Wimbledon run, having previously made the second round twice in three visits.

    This time, however, he will be expected to go much further.

    -Reuters

  • Wimbledon’s AI judges receive mixed reviews from players and fans

    Source: Government of India

    Source: Government of India (4)

    The All England Club’s decision to replace line judges with artificial intelligence technology at Wimbledon has received mixed reviews from players and fans alike.

    This week has marked the first time the tournament has been played without meticulously dressed judges determining whether the ball is in or out.

    The 300 line judges have been cut to 80 who are instead assisting chair umpires and interceding should the latest Hawk-Eye Electronic Line Calling (ELC) system, fail.

    The system uses AI to analyse footage from up to 18 cameras to track the progress of the ball and decide if it is in or out.

    Sally Bolton, the Chief Executive of the All England Club, said the new system was brought in to ensure the calls were accurate and not to cut costs.

    “It’s not a money-saving exercise; it’s about evolving the tournament and making sure that we’re providing the most effective possible line calling,” she said.

    World number one Jannik Sinner told a press conference after his victory over fellow Italian and close friend Luca Nardi:

    “As tennis tries to get better for the umpire it’s very difficult to see, especially when first serves are over 200km per hour, so it’s very difficult to see in a small space if they’re in or out, so for sure the technology helps, especially here on grass.”

    However, other players found problems with the technology. On Monday, China’s Yuan Yue complained that the system was too quiet for her to hear its decision.

    There were small protests outside the grounds against the technology, while some fans expressed sadness about the absence of line judges – a tradition that goes back to the 1870s – and the drama that often accompanies a player’s challenge.

    “Tennis is a physical sport, but it’s also a mental game and at a professional level I think that idea of challenging a call is really part of the game,” Jess from Oxford told Reuters.

    “As a spectator when they review the footage and everybody is clapping, and it’s the whole thing that this decision comes out and there’s uproar or whatever.

    “It’s sad that part of the atmosphere is gone, because you can’t challenge the calls now. It’s AI, it’s resolute.”

    Ivan from Northern Ireland raised concerns that the technology may have some teething problems.

    “It was strange not having a line judge. We watched a game on Court Two and a couple of times a ball from where we were sitting, which was close to the line, was out.

    “The player pointed to it and stopped and looked to the umpire, and he just ignored it, and the player accepted it. But I expected to see the replay.

    “There were a couple of other times when it was obviously out and obviously in and the replay came up. So the replays were not consistent.”

    -Reuters

  • Wimbledon’s AI judges receive mixed reviews from players and fans

    Source: Government of India

    Source: Government of India (4)

    The All England Club’s decision to replace line judges with artificial intelligence technology at Wimbledon has received mixed reviews from players and fans alike.

    This week has marked the first time the tournament has been played without meticulously dressed judges determining whether the ball is in or out.

    The 300 line judges have been cut to 80 who are instead assisting chair umpires and interceding should the latest Hawk-Eye Electronic Line Calling (ELC) system, fail.

    The system uses AI to analyse footage from up to 18 cameras to track the progress of the ball and decide if it is in or out.

    Sally Bolton, the Chief Executive of the All England Club, said the new system was brought in to ensure the calls were accurate and not to cut costs.

    “It’s not a money-saving exercise; it’s about evolving the tournament and making sure that we’re providing the most effective possible line calling,” she said.

    World number one Jannik Sinner told a press conference after his victory over fellow Italian and close friend Luca Nardi:

    “As tennis tries to get better for the umpire it’s very difficult to see, especially when first serves are over 200km per hour, so it’s very difficult to see in a small space if they’re in or out, so for sure the technology helps, especially here on grass.”

    However, other players found problems with the technology. On Monday, China’s Yuan Yue complained that the system was too quiet for her to hear its decision.

    There were small protests outside the grounds against the technology, while some fans expressed sadness about the absence of line judges – a tradition that goes back to the 1870s – and the drama that often accompanies a player’s challenge.

    “Tennis is a physical sport, but it’s also a mental game and at a professional level I think that idea of challenging a call is really part of the game,” Jess from Oxford told Reuters.

    “As a spectator when they review the footage and everybody is clapping, and it’s the whole thing that this decision comes out and there’s uproar or whatever.

    “It’s sad that part of the atmosphere is gone, because you can’t challenge the calls now. It’s AI, it’s resolute.”

    Ivan from Northern Ireland raised concerns that the technology may have some teething problems.

    “It was strange not having a line judge. We watched a game on Court Two and a couple of times a ball from where we were sitting, which was close to the line, was out.

    “The player pointed to it and stopped and looked to the umpire, and he just ignored it, and the player accepted it. But I expected to see the replay.

    “There were a couple of other times when it was obviously out and obviously in and the replay came up. So the replays were not consistent.”

    -Reuters

  • MIL-OSI USA: ICYMI: Secretary Chavez-DeRemer promotes One Big Beautiful Bill during ‘America at Work’ tour stops in Michigan, Indiana

    Source: US Department of Labor

    GOSHEN, IN – U.S. Secretary of Labor Lori Chavez-DeRemer continued her swing across the country as part of her “America at Work” listening tour to promote President Trump’s One Big Beautiful Bill, which passed the U.S. Senate today in a huge win for the American people. 

    Secretary Chavez-DeRemer visited Shafer, a ready-mix concrete supplier in Lansing, Michigan, and Brinkley RV, a manufacturing start-up in Goshen, Indiana, to hear directly from American workers who stand to benefit most from this legislation. 

    “I continue to be inspired by the American entrepreneurial spirit shown by the hardworking men and women I’ve met on my listening tour,” said Secretary Chavez-DeRemer. “From the concrete crews at Shafer in Michigan to the RV manufacturers at Brinkley in Indiana, these workers are exactly who this Administration is fighting for as we work to pass the One Big Beautiful Bill. President Trump’s historic proposal will deliver the largest tax cut in history for working families, no tax on overtime, and a lower tax burden on small businesses – ensuring they keep more of their hard-earned money to drive America’s economic comeback.”

    “It’s an honor to be in America’s heartland, hearing directly from the workers who form the backbone of our economy,” said Deputy Secretary of Labor Keith Sonderling. “For the first time in decades, American workers have a President who is fighting to put them first. By passing the One Big Beautiful Bill, we’ll deliver on President Trump’s promise to grow our economy and give hardworking Americans a fair shot at the American Dream.”

    Michigan

    In Lansing, Secretary Chavez-DeRemer and Deputy Secretary Sonderling were joined by Reps. John James and Tom Barrett for a tour of Shafer’s facilities, where they learned more about the company’s on-the-job training program and saw how concrete crews use cutting-edge technology to ensure precise mixture, consistency, and top-tier quality across all plants. They also toured the quality control room, repair shop, and operations center, offering insight into Shafer’s role in keeping the region’s construction industry strong.

    “It was an honor to welcome my friend and U.S. Department of Labor Secretary Lori Chavez-DeRemer to Michigan on her America at Work tour,” said Rep. James. “She confirmed what job creators deserve to hear: President Donald J. Trump is focused on growth, not red tape. In just six months, they’ve cut over 60 labor regulations – nearly twice what they did in Trump’s first term – and working to boost apprenticeships to one million strong! When government’s an ally, not an adversary, American workers lead.”

    “Years of overregulation and excessive red tape have crushed businesses in mid-Michigan, discouraged economic growth, and sent the costs of new construction through the roof,” said Rep. Barrett. “Secretary Chavez-DeRemer understands these challenges, which is why I was honored to host her in Lansing to meet with the hard-working team at Shafer and discuss the ways that she and President Trump are jumpstarting job creation across our state. I appreciate her making the trip and look forward to continuing our work together to slash the red tape slowing our economy, cut taxes for hard-working families, and bring high-paying jobs back to our community.”

    Indiana

    Secretary Chavez-DeRemer concluded her two-week, seven-state swing with a stop at Brinkley RV in Goshen alongside Rep. Rudy Yakym, where they met with workers building fifth wheels and travel trailers for families across America.

    “It’s an honor to welcome my friend, Secretary of Labor Chavez-DeRemer, to the Manufacturing Capital of America,” Rep. Yakym said. “Her dedication to strengthening our workforce, fueling job creation, and cutting red tape is exactly what we need to lead the next chapter of American manufacturing. I’m especially grateful to Brinkley RV for hosting us today and showcasing the kind of innovation and excellence that defines Indiana’s Second District.”

    Launched in early April, Secretary Chavez-DeRemer’s “America at Work” listening tour is bringing real-world feedback from American workers to policymakers in Washington. Recent stops have included visits to Montana and Louisiana, highlighting how the Trump Administration’s pro-growth agenda will unlock trillions in new investments, strengthen the workforce, and a spark a new era of American economic resurgence.

    Learn more about Secretary Chavez-DeRemer’s efforts to deliver real results for hardworking Americans.

    MIL OSI USA News

  • MIL-OSI USA: Senator Murray Calls on Trump Admin to Immediately Release Billions in Funds K-12 Schools Across America are Counting On

    US Senate News:

    Source: United States Senator for Washington State Patty Murray
    Nearly $7 billion in funding approved by Congress in March is blocked just weeks away from the start of the school year
    Washington, D.C. — Today, U.S. Senator Patty Murray (D-WA), Vice Chair of the Senate Appropriations Committee, issued the following statement demanding the prompt release of billions of dollars in funding for K-12 schools across America that the Trump administration is blocking just weeks away from the start of the new school year. These funds largely go out the door to states on July 1 each year and support school districts in every state. This year, however, the Trump administration is blocking the funding and signaling it may simply seek to illegally impound them.
    “Today, billions of dollars that Congress has already provided to support students across America should be going out the door—but President Trump is blocking these investments and putting school districts in every zip code in a bind with the new school year just weeks away.
    “President Trump himself signed this funding into law—but that isn’t stopping him from choking off resources to support before and after school programs, help students learn, support teachers in the classroom, and a lot more. The uncertainty he has created has already forced districts to delay hiring and other initiatives to help students. The only question left now is how much more damage this administration wants to inflict on our public schools.
    “President Trump and Russ Vought need to stop sabotaging our students’ futures and get these resources out the door. Local school districts can’t afford to wait out lengthy court proceedings to get the federal funding they’re owed—nor can they make up the shortfall, especially not at the drop of a pin. Every day that this funding is held up is a day that school districts are forced to worry about whether they’ll have to cut back on afterschool programs or lay off teachers instead of worrying about how to make sure our kids can succeed.”
    The Trump administration has confirmed it is blocking funding for the following programs from being available to school district across America:
    Supporting Effective Instruction State Grants (Title II-A), which support professional development and other activities to improve the effectiveness of teachers and school leaders, including reducing class size.
    21st Century Community Learning Centers (Title IV-B), which support high-quality before and after-school programs focused on providing academic enrichment opportunities for students.
    Student Support and Academic Enrichment Grants (Title IV-A), which provide flexible funding for school districts for a wide range of activities including supporting STEM education, accelerated learning courses, college and career counseling, school-based mental health services, and improving school technology, among many others.
    English Language Acquisition (Title III-A), which supports language instruction to help English language learners become proficient in English.
    Migrant Education (Title I-C), which supports the educational needs of migratory children, including children of migrant and seasonal farmworkers.
    Adult Basic and Literacy Education State Grants (including Integrated English Literacy and Civics Education State Grants), which support adult education and literacy programs to provide the basic skills to help prepare adults and out-of-school youth for success in the workforce.
    Notably, the Trump administration has proposed to eliminate each of these programs in its fiscal year 2026 budget request, and it has so far refused to commit to spending the funding already provided for this fiscal year. When pressed in early June by Senator Murray about whether the Department of Education would release the funds to school districts, Secretary Linda McMahon refused to make any commitment to get the funds out. At a Senate Appropriations Committee hearing last week, Office of Management and Budget (OMB) Director Russ Vought similarly refused to commit to getting the funding out—and even suggested to Senator Tammy Baldwin (D-WI) the funds could be part of a future rescissions request, or illegally impounded.
    In total, the Trump administration is blocking nearly $7 billion in approved funding for these programs from going out the door to K-12 schools. A state-by-state breakdown of how much funding is at stake is below.
    FUNDING BLOCKED BY TRUMP ADMIN
    State
    Fiscal Year 2024 Funding
    Fiscal Year 2025 Funding
    Alabama
    $100,392,656
    ???
    Alaska
    $47,665,907
    ???
    Arizona
    $134,262,493
    ???
    Arkansas
    $64,255,707
    ???
    California
    $927,965,332
    ???
    Colorado
    $79,619,065
    ???
    Connecticut
    $53,561,846
    ???
    Delaware
    $28,585,105
    ???
    District of Columbia
    $26,683,109
    ???
    Florida
    $398,177,922
    ???
    Georgia
    $223,888,870
    ???
    Hawaii
    $33,290,327
    ???
    Idaho
    $36,493,633
    ???
    Illinois
    $243,191,750
    ???
    Indiana
    $107,174,260
    ???
    Iowa
    $44,494,874
    ???
    Kansas
    49,946,530
    ???
    Kentucky
    96,495,478
    ???
    Louisiana
    119,812,747
    ???
    Maine
    27,630,253
    ???
    Maryland
    110,193,772
    ???
    Massachusetts
    107,694,933
    ???
    Michigan
    173,716,752
    ???
    Minnesota
    74,106,362
    ???
    Mississippi
    71,654,231
    ???
    Missouri
    93,962,471
    ???
    Montana
    27,978,071
    ???
    Nebraska
    38,149,509
    ???
    Nevada
    61,212,651
    ???
    New Hampshire
    27,004,029
    ???
    New Jersey
    162,462,714
    ???
    New Mexico
    49,847,565
    ???
    New York
    463,833,139
    ???
    North Carolina
    185,874,769
    ???
    North Dakota
    26,573,545
    ???
    Ohio
    203,510,265
    ???
    Oklahoma
    77,827,922
    ???
    Oregon
    80,991,681
    ???
    Pennsylvania
    230,714,211
    ???
    Rhode Island
    29,371,806
    ???
    South Carolina
    94,118,605
    ???
    South Dakota
    27,200,921
    ???
    Tennessee
    118,985,396
    ???
    Texas
    738,537,697
    ???
    Utah
    40,402,965
    ???
    Vermont
    26,125,325
    ???
    Virginia
    123,536,510
    ???
    Washington
    150,695,542
    ???
    West Virginia
    32,494,457
    ???
    Wisconsin
    80,333,097
    ???
    Wyoming
    25,545,207
    ???
    Total
    6,880,834,000
    ???

    MIL OSI USA News

  • Feeling hot, hot, hot – Swiatek downs Wimbledon debutant to reach round two

    Source: Government of India

    Source: Government of India (4)

    Iga Swiatek still has a long way to go to master the art of grasscourt tennis but on Tuesday the Pole took the first step towards what she hopes will be a triumphant run at Wimbledon as she beat Polina Kudermetova 7-5 6-1 in the first round.

    Facing a Wimbledon debutant, the five-times Grand Slam champion might have hoped for an easy ride as no doubt she would liked to have escaped the Court 2 furnace as quickly as possible with the temperature soaring above 33 degrees Celsius.

    Despite being a grasscourt novice, Russia’s Kudermetova refused to be overawed by the occasion, or her opponent, as she went toe-to-toe from the baseline with Swiatek for 45 minutes.

    It was not the kind of first-round trial Swiatek would have wanted as she bids to improve her rather mediocre record at the All England Club, which remains the only major where she has not contested at least a semi-final.

    It was not until the penultimate point of the opening set that Swiatek earned her first break point, which the eighth seed duly converted when Kudermetova netted a backhand to surrender the set.

    That blow effectively snuffed out the 22-year-old Russian’s hopes of winning a match at a Grand Slam for the first time as her tactics fell apart in the second.

    While Kudermetova had kept Swiatek second-guessing her game-plan for the duration of the 45-minute opening set, the former world number one raced through the second in 24 minutes, securing the victory with a sizzling backhand winner.

    “I’m glad my game clicked in the second set and am glad some fans came to see us today as it’s so hot,” Swiatek told the crowd after setting up a secondround meeting with American Caty McNally.

    EMPTY SEATS

    With many ticket holders deciding they could not tolerate the scorching heat inside the bowl-like arena, Swiatek and Kudermetova were greeted by a mass of empty green seats when they entered the sparsely-filled Court 2.

    Many of those who braved the sweltering conditions tried to keep cool by using paper or battery-operated fans. But even holding those for long with sweaty palms was a challenge.

    It was not just the spectators who were left hot and bothered as the mass of towels that started piling up next to Swiatek’s chair told its own story.

    But having reached her first grasscourt final last week at Bad Homburg, Swiatek was eager to make sure all the groundwork for Wimbledon would not be in vain.

    Two aces in the opening game suggested she might get off court in double quick time but when Kudermetova earned the first break point of the match in the fifth game, Swiatek realised her 64th-ranked opponent would be no pushover.

    A Kudermetova unforced error handed Swiatek a lucky escape and by the time the four-times Roland Garros champion bagged the first set, the stats showed she had been outplayed in a number of areas, including total winners and first serve points won.

    Yet with the momentum of claiming the first set behind her, it was not long before Swiatek was celebrating winning her 62nd consecutive opening match on the tour.

    “I needed some time to adjust to the grass because it’s different than Bad Homburg,” said Swiatek, who turned up for the match after enduring a sleepless night due to the hot weather.

    “The heat is going to be over tomorrow, so I survived it,” she added with a smile.

    (Reuters)

  • Perricard exits Wimbledon but makes mark with fastest serve

    Source: Government of India

    Source: Government of India (4)

    Giovanni Mpetshi Perricard departed Wimbledon as a first-round loser but the Frenchman left his mark on the Grand Slam with the fastest serve recorded in the tournament’s history – a 153 mph (246 kph) missile against Taylor Fritz on Monday.

    Perricard, whose match was later suspended due to the local 11pm curfew and resumed on Tuesday, was beaten 6-7(6) 6-7(8) 6-4 7-6(6) 6-4 but much of the talk in his press conference was about his status as a “serve-bot” in the men’s game.

    That was largely due to the 21-year-old’s reputation for consistently hitting huge serves and his record-breaking effort in the opening game of the contest which eclipsed the previous tournament mark of 148 mph set by American Taylor Dent in 2010.

    “I didn’t check the speed, to be honest. I saw that last night. I lost the point. I’m not doing some special technique to have a big serve or a fast serve. I’m serving like I’m supposed to do,” Perricard told reporters.

    “We don’t train a lot to be honest on this part of my game. It comes naturally.”

    Australian Sam Groth hit the fastest recorded serve at a professional event with a 163.7 mph (263.4 kph) rocket at the Busan Challenger in 2012, a match he lost in straight sets to prove big serves can be blunt weapons in the modern game.

    Perricard, whose thundering deliveries are greatly aided by him being 6ft 8in, said he expected serves to only get faster in the future as players push the limits of their physicality.

    “Players are stronger,” he added. “They have bigger shoulders, so I don’t know, 260 (kph), 270 (kph) maybe the next one is going to be.”

    -Reuters

  • MIL-OSI: $HAREHOLDER ALERT: Class Action Attorney Juan Monteverde Investigates the Merger of Sage Therapeutics, Inc. (NASDAQ: SAGE)

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, July 01, 2025 (GLOBE NEWSWIRE) —

    Class Action Attorney Juan Monteverde with Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered millions of dollars for shareholders and is recognized as a Top 50 Firm in the 2024 ISS Securities Class Action Services Report. The firm is headquartered at the Empire State Building in New York City and is investigating Sage Therapeutics, Inc. (NASDAQ: SAGErelated to its sale to Supernus Pharmaceuticals, Inc. Upon completion of the proposed transaction, current Sage shareholders will receive $8.50 per share in cash, plus one non-tradable contingent value right collectively worth up to $3.50 per share in cash payable (i) $0.50 the first commercial sale of the drug Zurzuvae in Japan to third-aprty consumers following regulatory approval on or before June 30, 2026; (ii) $1.00 when net sales of Zurzuvae reach or exceed $300 million in the U.S. on or before December 31, 2028; and (iii) $1.00 when net sales of Zurzuvae reach or exceed $375 million in the U.S. on or before December 31, 2030. Is it a fair deal?

    Click here for more info https://monteverdelaw.com/case/sage-therapeutics-inc/. It is free and there is no cost or obligation to you.

    NOT ALL LAW FIRMS ARE EQUAL. Before you hire a law firm, you should talk to a lawyer and ask:

    1. Do you file class actions and go to Court?
    2. When was the last time you recovered money for shareholders?
    3. What cases did you recover money in and how much?

    About Monteverde & Associates PC

    Our firm litigates and has recovered money for shareholders…and we do it from our offices in the Empire State Building. We are a national class action securities firm with a successful track record in trial and appellate courts, including the U.S. Supreme Court. 

    No one is above the law. If you own common stock in the above listed company and have concerns or wish to obtain additional information free of charge, please visit our website or contact Juan Monteverde, Esq. either via e-mail at jmonteverde@monteverdelaw.com or by telephone at (212) 971-1341.

    Contact:
    Juan Monteverde, Esq.
    MONTEVERDE & ASSOCIATES PC
    The Empire State Building
    350 Fifth Ave. Suite 4740
    New York, NY 10118
    United States of America
    jmonteverde@monteverdelaw.com
    Tel: (212) 971-1341

    Attorney Advertising. (C) 2025 Monteverde & Associates PC. The law firm responsible for this advertisement is Monteverde & Associates PC (www.monteverdelaw.com).  Prior results do not guarantee a similar outcome with respect to any future matter.

    The MIL Network

  • MIL-OSI Europe: Multilateral development bank heads and private sector leaders map out deeper cooperation in Seville for development

    Source: European Investment Bank

    EIB

    The European Investment Bank (EIB) Group in partnership with the Financial Alliance for Net Zero convened a high-level exchange with leaders of multilateral development banks (MDBs) and private sector CEOs at the International Conference on Financing for Development in Seville to deepen cooperation and scale private sector investment in emerging markets and developing economies.

    Heads of the African Development Bank, Asian Development Bank, Asian Infrastructure Investment Bank, Council of Europe Development Bank (CEB), European Bank for Reconstruction and Development, European Investment Bank, Inter-American Development Bank, Islamic Development Bank and the World Bank Group and leaders of private sector financial and corporate institutions convened for a high-level roundtable to accelerate joint action to mobilise private capital for sustainable development goals. 

    The participants identified opportunities around scaling up successful and existing public-private partnerships and financial instruments, MDBs providing local currency finance and hedging instruments – including through commercial banks – sharing risk statistics through the Global Emerging Markets Risk Database (GEMs), blending instruments, local capacity building and engaging with governments and regulators to create the right conditions for private investment to thrive.

    The roundtable in Seville followed the Heads of MDBs meeting, hosted by the CEB on Saturday in Paris, where in a Joint Statement the participants highlighted private capital mobilisation as a system-wide priority, in line with the Viewpoint Note from Washington in April 2024.

    MIL OSI Europe News

  • MIL-OSI Europe: Development Banks committed $19.6 billion to water projects in 2024

    Source: European Investment Bank

    ©mrjn Photography/ Unsplash

    Ten multilateral development banks (MDBs) active in the water sector have approved global investments totalling $19.6 billion (€17 billion) in 2024. According to the inaugural Joint Annual MDB Water Security Financing Report, launched on the sidelines of the 4th International Conference on Financing for Development in Seville, nearly three-quarters of these funds were earmarked for low-, lower-middle-, and upper-middle-income countries.

    The report follows a joint commitment made in December 2024 at the One Water Summit in Riyadh, Saudi Arabia, by the African Development Bank Group, Asian Development Bank, Asian Infrastructure Investment Bank, European Bank for Reconstruction and Development, European Investment Bank, Inter-American Development Bank Group, Islamic Development Bank, New Development Bank, and World Bank Group. The MDBs pledged to significantly increase support for the water sector between 2025 and 2030 and to report jointly on their progress.

    This first edition of the annual Water Security Financing Report provides an overview of MDB investments in the global water sector, establishing a baseline for tracking future financing. It highlights the collective efforts of the ten members of the MDB Water Sector Coordination Group (the aforementioned banks plus the Council of Europe Development Bank) to foster collaboration, share expertise, and drive innovative solutions. It also shows that the EIB accounted for more than a quarter of total MDB financing to the sector in 2024. This strong engagement is in line with the EIB’s forthcoming Water Resilience Programme, which aims to increase the Group’s lending in the sector by 50% to €15 billion between 2025 and 2027, potentially catalysing up to €40 billion in global water investments over three years.

    “Creating sustainable water systems worldwide requires financing, but it also demands partnerships that bring together investment, technical assistance, and knowledge,” said EIB Vice-President Ambroise Fayolle. “That is why the MDBs have made water a shared priority. The first Water Security Financing Report reflects our collective responsibility – and our ambition to achieve more, together.”

    Examples of EIB cooperation with other MDBs include a partnership with the African Development Bank, Islamic Development Bank, World Bank Group, and West African Development Bank to help protect Cotonou, Benin, from flooding by improving drainage infrastructure across 34 basins. In Mongolia, the EIB and the Asian Development Bank are working together to build wastewater treatment plants and improve rainwater drainage systems in several cities. The EIB has also enjoyed a 20-year collaboration with the Council of Europe Development Bank, co-financing the construction, expansion, and refurbishment of water and sewerage networks in all major municipalities across Cyprus.

    Background

    Half of the world’s population is estimated to live in areas facing water scarcity. Climate change is altering rainfall patterns and increasing the frequency of extreme weather events, threatening both the quantity and quality of water resources and damaging vital infrastructure. At the same time, cooperation to optimise water resource management and development is lacking, and fragmentation hampers water security. According to a World Bank study, the annual funding gap to achieve universal access to safe and affordable drinking water and sanitation is estimated at $138 billion (a mid-range estimate) between 2017 and 2030. On average, countries would need to nearly triple their annual spending to close this gap. The challenge is even greater in Sub-Saharan Africa, where spending would need to increase by up to 17 times, and in low-income or conflict-affected countries, where investment may need to rise by as much as 42 times.

    MIL OSI Europe News

  • MIL-OSI Security: Fort Wayne Man Sentenced to 197 Months in Prison

    Source: US FBI

    FORT WAYNE –Derek L. Taylor, 47 years old, of Fort Wayne, Indiana, was sentenced by United States District Court Chief Judge Holly A. Brady after pleading guilty to possessing with intent to distribute a controlled substance and possessing a firearm in furtherance of a drug trafficking crime, announced Acting United States Attorney Tina L. Nommay.

    Taylor was sentenced to 197 months in prison followed by 4 years of supervised release.

    According to documents in the case, in August and September 2023, Taylor distributed cocaine.  Search warrants resulted in the recovery of heroin, fentanyl, cocaine, and M30 pills containing fentanyl, along with three handguns, a stolen semi-automatic rifle, multiple digital scales, baggies, and a substantial amount of powder used in the distribution of narcotics.  Taylor was previously convicted twice of distributing drugs and was also previously convicted of felony battery, making him a career offender for purposes of federal sentencing.

    This case was investigated by the Federal Bureau of Investigation’s Fort Wayne Safe Streets Gang Task Force, which includes the FBI, the Indiana State Police, the Allen County Police Department, and the Fort Wayne Police Department.  Also assisting this investigation was the Drug Enforcement Administration’s North Central Laboratory and the Bureau of Alcohol, Tobacco, Firearms, and Explosives.  The case was prosecuted by Assistant United States Attorney Stacey R. Speith.

    This case was part of an Organized Crime Drug Enforcement Task Force (OCDETF) investigation. OCDETF identifies, disrupts, and dismantles the highest-level drug traffickers, money launderers, gangs, and transnational criminal organizations that threaten the United States by using a prosecutor-led, intelligence-driven, multi-agency approach that leverages the strengths of federal, state, and local law enforcement agencies against criminal networks.

    This case is part of Project Safe Neighborhoods (PSN), a program bringing together all levels of law enforcement and the communities they serve to reduce violent crime and gun violence, and to make our neighborhoods safer for everyone. On May 26, 2021, the Department launched a violent crime reduction strategy strengthening PSN based on these core principles: fostering trust and legitimacy in our communities, supporting community-based organizations that help prevent violence from occurring in the first place, setting focused and strategic enforcement priorities, and measuring the results.

    MIL Security OSI

  • MIL-OSI United Nations: General Assembly Endorses Nice Ocean Conference Declaration, Adopts $5.38 Billion Peacekeeping Budget

    Source: United Nations 4

    The General Assembly today endorsed the political declaration of the United Nations Ocean Conference, which establishes multilateral ocean governance.  It also adopted the $5.38 billion peacekeeping budget for the year starting 1 July. 

    Titled “Our Ocean, Our Future:  United for Urgent Action” (A/79/L.97), the declaration was adopted by acclamation at the close of the Conference held earlier this month in Nice, France.  However, today’s formal endorsement by the 193-member Assembly required a recorded vote, with 162 in favour to 1 against (United States), with no abstentions.  

    Several delegations objected to the vote, with the representative of France, co-host of the Conference along with Costa Rica, highlighting its strong political declaration and robust initiatives for the future as “a victory for the ocean”.  “The ocean doesn’t know borders” and neither should “our efforts to protect it”, said Costa Rica’s delegate, noting his country’s “steadfast” commitment to protecting the oceans.  He welcomed the momentum generated at the Conference for an early entry into force of the Agreement under the United Nations Convention on the Law of the Sea on the Conservation and Sustainable Use of Marine Biological Diversity of Areas beyond National Jurisdiction (BBNJ Agreement).  He also hailed promises to accede to the World Trade Organization (WTO) agreement to end subsidies for overfishing and decisive support for a plastic pollution convention as soon as possible.

    Brazil’s representative noted that the seas are “the planet’s main climate regulator” but “are running a fever”, while Australia’s delegate saw the adoption of this text as a testament to a collective commitment to address the urgency of climate change, biodiversity loss, and ocean pollution.  The United States’ delegate said the focus on implementing Sustainable Development Goal 14 is inconsistent with its position on the 2030 Agenda for Sustainable Development.

    Iraq’s delegate, speaking for the Group of 77 and China, noted that implementing Goal 14 requires more ambitious financial action, fulfillment of commitments made through intergovernmental agreements, and increased resources for small island developing States (SIDS) and least developed countries. 

    For her part, Venezuela’s delegate noted she had joined the consensus, while reiterating that it was not a party to the United Nations Convention on the Law of the Sea, which is “not the only single legal and regulatory framework for oceans and seas” — a position echoed by representatives of Iran, Türkiye, and El Salvador.

    Meanwhile, Argentina’s representative disassociated his delegation from all paragraphs referring to the 2030 Agenda and the Pact for the Future, as well as all paragraphs contradicting the guiding principles of the protection of life, liberty, and private property. 

    The Russian Federation’s delegate disassociated from the consensus on paragraph 26 of the declaration, which emphasizes the importance of the early entry into force of the BBNJ Agreement.  The instrument would undermine the provisions of the Convention on the Law of the Sea and the Agreement on Straddling Fish Stocks, with its norms allowing for impingement on the mandates and competencies of fisheries organizations.

    Japan’s representative hailed the adoption as “not the end but just the beginning of our renewed commitment to achieving SDG 14”, while Singapore’s delegate stated that the Convention on the Law of the Sea remains the “constitution for the oceans”, calling on Member States to fully respect it. 

    $5.38 Billion Budget for Peacekeeping Operations

    Acting on the recommendations of its Fifth Committee (Administrative and Budgetary), the Assembly also allocated a budget of $5.38 billion to 11 UN peacekeeping operations, the support account for these operations, the Regional Service Centre in Entebbe, and the Logistics Base in Brindisi.  These resolutions were adopted without a vote, with the exception of the resolution on the United Nations Interim Force in Lebanon (UNIFIL) (A/C.5/79/L.36/Rev.1), which was adopted by 147 votes in favour to 3 against (Argentina, Israel, United States), with 1 abstention (Paraguay), after an oral amendment proposed by Israel was rejected by 5 votes in favour (Argentina, Canada, Israel, Paraguay, United States) to 83 against, with 57 abstentions. 

    The Assembly further adopted a draft resolution on the “Comprehensive review of the whole question of peacekeeping operations in all their aspects” (A/79/424/Add.1), which was approved and forwarded by its Fourth Committee (Special Political and Decolonization).

    Tackling Illicit Trafficking in Wildlife

    The Assembly then adopted, by 157 votes in favour to 1 against (United States), with no abstentions, a draft resolution (A/79/L.96) submitted by the representative of Germany, by which the Assembly urges Member States to reinforce their efforts and adopt effective measures, as necessary, including by using special investigative techniques, consistent with article 20 of the United Nations Convention against Transnational Organized Crime, to prevent, investigate, prosecute and punish crimes that affect the environment, such as illicit trafficking in wildlife and wildlife products, which encompasses poaching and illegal harvesting of timber, including fauna and flora as protected by the Convention on International Trade in Endangered Species of Wild Fauna and Flora.

    Speaking in explanation of position, the United States delegate noted that the text contained matters that “should be discussed in Vienna-based anti-crime fora rather than in the General Assembly”. Further, he opposed the use of the term “gender mainstreaming,” insisting on the “biological reality of sex”. For his part, Argentina’s representative dissociated his delegation from all paragraphs concerning the 2030 Agenda and those that go against the protection of life and private property, including preambular paragraphs 1, 2, 18, 34 and operative paragraph 27.

    Promoting Interreligious, Intercultural Dialogue, Tolerance in Countering Hate Speech

    The Assembly also adopted a draft resolution (A/79/L.98) on combating hate speech, introduced by Morocco, by a recorded vote of 111 in favour to 1 against (United States), with 44 abstentions.  By the text, the Assembly called upon Member States to increase understanding about the spread and impact of hate speech, while continuing to adhere to relevant international human rights law obligations, as well as relevant United Nations instruments, in particular the Rabat Plan of Action.  Further, the Assembly called upon digital technology companies and developers to continue to develop solutions and publicly communicate actions to counter potential harms, including hate speech, bias and discrimination, from artificial intelligence-enabled content, including such measures as ensuring data integrity, incorporation of safeguards into artificial intelligence model training processes, identification of artificial-intelligence-generated material, authenticity certification for content and origins, labelling, watermarking and other techniques.

    Poland’s delegate, speaking for the European Union, whose members abstained from voting, emphasized that freedom of belief and religion applies to individuals, not objects or symbols, expressing reservations about preambular paragraph 14.

    The wording of that paragraph presents “serious concerns” in terms of freedom of expression and religious pluralism, noted the representative of Costa Rica, which further emphasized that combating hate speech cannot be achieved at the expense of freedom of expression.

    Hungary’s delegate indicated she could not support operative paragraph 23, which highlights one specific group, migrants, while the representative of the United Kingdom, who also abstained, refused to consider a text criticizing religion as incitement to hatred.

    Any restriction on freedom of expression must be circumscribed by law, necessary, and proportionate, argued Switzerland’s delegate, emphasizing that human rights protect individual beings, not religions or objects.  Furthermore, defamation of religions or religious defamation are not legal concepts recognized under international law.  For all these reasons, she voiced regret over the wording of preambular paragraph 14.

    For his part, Brazil’s delegate dissociated itself from paragraphs 11, 12, and 13, given that there is no agreed definition of hate speech and that this concept could be politicized.  Canada’s representative remained committed to the principle that everyone can exercise their freedom of belief and religion without fear of violence, also welcoming the attention paid to new technologies, while voicing concern over the wording of preambular paragraph 14 on acts directed against religious symbols and holy books.

    The Wiphala for Living Well in Harmony, Balance, Complementarity with Mother Earth

    The Assembly further adopted, by a recorded vote of 139 votes in favour to 2 against (United States, Israel), with 5 abstentions (Canada, Georgia, Paraguay, Peru, Türkiye), a draft resolution (A/79/L.95) introduced by Bolivia, who noted the Wiphala is “an age-old symbol born out of the deepest roots of Indigenous Peoples,” an expression of “the seven colors of the rainbow” and living in harmony with Mother Earth.  By the text, the Assembly called upon the international community to advance in the understanding, tolerance and solidarity among all peoples and cultures, and to strengthen efforts to eradicate manifestations of racism, racial discrimination, xenophobia and related intolerance, including against Indigenous Peoples, and promote respect for the diversity of their cultural manifestations, traditions, practices and knowledge systems.

    The United States representative, speaking before the vote, noted his delegation opposed the resolution’s focus on a single Indigenous community, further stating that the symbol remains controversial.  

    Mexico’s representative voiced regret that the Wiphala is limited to Bolivia and nearby regions, while Peru’s delegate pointed out that the text does not sufficiently detail the exact cultural origin of the symbol, and that the concept does not have a defined definition in a UN context. 

    While recognizing the cultural importance of the Wiphala for certain peoples of the Andean region, Canada’s delegate considered it inappropriate for the Assembly to designate a symbol specific to a geographical area as representing all Indigenous Peoples internationally.  This choice must be made by the Indigenous Peoples themselves, not by the UN, he said.

    MIL OSI United Nations News

  • PM Starmer wins vote in parliament on welfare reform

    Source: Government of India

    Source: Government of India (4)

    British lawmakers gave their initial approval to Prime Minister Keir Starmer’s plans to cut disability benefits on Tuesday, after a rebellion in his Labour Party forced the government to abandon a key reform at least for now.

    Lawmakers voted 335 to 260 in favour of the reforms to change some rules for people to claim certain disability and sickness benefits.

    A year after winning one of the largest parliamentary majorities in British history, Starmer has seen his personal approval ratings collapse and been forced into several policy reversals by his increasingly rebellious lawmakers.

    “Welfare reform, let’s be honest, is never easy, perhaps especially for Labour governments,” work and pensions minister Liz Kendall told parliament.

    Starmer came into office last year promising his big parliamentary majority would bring an end to the political chaos that defined much of the Conservative Party’s 14 years in power. But the revolt over the welfare bill underlines the difficulty he has pushing through unpopular decisions.

    The government had initially hoped to save 5 billion pounds ($6.9 billion) a year by 2030 by tightening rules for people to receive disability and sickness benefits.

    But after the government conceded to pressure from its lawmakers, it said the new rules would now apply only to future applicants, not to the millions of existing claimants as had been proposed. Analysts estimated the savings would likely be closer to 2 billion pounds.

    In the run-up to the vote, ministers and party enforcers known as “whips” had been locked in frantic last-ditch lobbying of undecided members of parliament to try to win their backing.

    In a further last-minute concession to rebels during a debate on the changes, the government backed down on implementing tougher eligibility rules for a key benefit payment until a review into the welfare system had been completed.

    Rachael Maskell, one of the leading Labour rebels, called the cuts “Dickensian” and said they “belong to a different era and a different party”.

    Debbie Abrahams, the head of the work and pensions committee, called the plans a “dog’s breakfast”. Paula Barker, another Labour member of parliament, called the attempt to pass the plans “the most unedifying spectacle that I have ever seen”.

    Reuters

  • MIL-OSI United Nations: Deputy Secretary-General’s Remarks at the Joint SDG Fund FfD4 Side session “Catalyzing Change: Unlocking Impactful Financing at Scale through the United Nations Joint SDG Fund” [as prepared for delivery]

    Source: United Nations secretary general

    Mr. Sergio Colina, Director General for Development Policies, Spain;
    H.E. Ms. Rania Al-Mashat, Minister of Planning, Economic Development and International Cooperation of Egypt;
    H.E. Mr. Mthuli Ncube, Minister of Finance, Economic Development and Investment Promotion of Zimbabwe;
    Dear friends,
    I am delighted to join you today to showcase how the UN Joint SDG Fund is turning the FfD4 vision into a reality on the ground.
    Ten years into the implementation of the 2030 Agenda, we face a stark reality: while progress on the SDGs has delivered for millions, it has not kept pace with the scale of global challenges. The financing gap for the SDGs now exceeds $4 trillion annually, while multiple crises and shifting priorities threaten our collective ambition.
    Delivering on the vision of the 2030 Agenda requires finding and scaling-up innovative solutions.
    This is the purpose of the Joint SDG Fund. The Fund is an innovative and powerful instrument to drive change, break siloed approaches, and unlock financing at scale.
    Since its inception, the Fund has committed over US$380 million, enabling a whole-of-UN-system response to pressing challenges. This commitment has leveraged a further US$6.6 billion in contributions from the wider ecosystem of development partners at country level.
    This is a clear demonstration of how finite resources, applied strategically, can crowd-in far greater volumes of capital, and result in far greater impact, for the SDGs.
    The secret to the Fund’s success is its innovative approach to financing. Through blended and innovative finance mechanisms — from SDG bonds to energy financing facilities to credit enhancement guarantees — the Fund demonstrates how strategic risk-sharing can attract private capital for sustainable development, while bringing partners together to deliver solutions.
    Consider the following 5 examples:
    In Indonesia, the Joint SDG Fund supported green and social investments, mobilizing US$4.6 billion through specialized bonds that benefited over 7.5 million students and restored 50,000 hectares of mangrove forests.
    In Uruguay, the Renewable Energy Innovation Fund achieved a 1:6 leverage ratio by partnering with seven banks that together account for 80 percent of the country’s financial sector.
    Kenya’s innovative health financing reached over 1.5 million young people through results-based payment mechanisms working with impact investors.
    North Macedonia’s Green Finance Facility channels resources through six local banks, directing US$46.5 million toward environmental projects while supporting women-headed households, Roma communities, and persons with disabilities. This was achieved in partnership with the European Bank for Reconstruction and Development and others.
    And Zimbabwe’s Renewable Energy Fund showcases how partnerships with private equity funds, such as Old Mutual, can mobilize capital for women and youth-led enterprises in challenging markets.
    These are just a few powerful examples.
    The Fund’s success also stems from its unique positioning within the UN development system, leveraging UN Resident Coordinators’ convening role and UN Country Teams’ technical expertise.
    Fundamentally, the Fund represents multilateralism at its most effective – creating a collaborative platform extending beyond the UN system to enable and grow partnerships across the development and finance community.
    But delivering on the Fund’s full potential requires expanded partnership.
    I call on all Member States, development finance institutions, and private sector partners to deepen engagement with the Fund – not only through financial commitments but through strategic partnerships to keep pushing the boundaries of what is possible.
    Today, we will hear about success stories from Zimbabwe to North Macedonia, from Cabo Verde to Suriname. These prove that, with the right instruments and partnerships, we can turn global commitments into tangible local transformation.
    The FFD4 outcome document, the “Sevilla Commitment,” calls for a global SDG investment push.
    This is possible by elevating the role of governments in guiding strategic investments;
    By all development partners, including development banks, working as a system;
    By removing barriers to private capital;
    And by ensuring that investments from all partners are designed to deliver the greatest possible impact.
    The Fund stands ready to support and enable this important vision.
    With innovation, partnerships, and the catalytic financing that the Joint SDG Fund provides, sustainable development for all remains within our reach.
    Let’s get there together.
    Thank you.
     

    MIL OSI United Nations News