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Category: Asia

  • MIL-OSI Economics: Review of Priority Sector Lending norms – Small Finance Banks

    Source: Reserve Bank of India

    RBI/2025-26/61
    DOR.LIC.REC.36/16.13.218/2025-26

    June 20, 2025

    All Small Finance Banks

    Madam/ Dear Sir,

    Review of Priority Sector Lending norms – Small Finance Banks

    Please refer to the ‘Guidelines for Licensing of Small Finance Banks in Private Sector’ dated November 27, 2014 and the ‘Guidelines for ‘on-tap’ Licensing of Small Finance Banks in Private Sector’ released by Reserve Bank on December 5, 2019. In terms of paragraph II (9) of the aforesaid Licensing Guidelines, a small finance bank (SFB) is required to extend 75 per cent of its Adjusted Net Bank Credit (ANBC) to the sectors eligible for classification as priority sector lending (PSL) by the Reserve Bank. Further, while 40 per cent of its ANBC should be allocated to different sub-sectors under PSL as per the extant PSL prescriptions, the bank can allocate the balance 35 per cent to any one or more sub-sectors under the PSL where it has competitive advantage.

    Revised provisions

    2. On a review, it has been decided that financial year 2025-26 onwards, the additional component (35 per cent) of PSL shall be reduced to 20 per cent, thereby making the overall PSL target as 60 per cent of ANBC or Credit Equivalent of Off-Balance Sheet Exposures (CEOBE), whichever is higher. The SFB shall continue to allocate 40 per cent of its ANBC or CEOBE, whichever is higher, to different sub-sectors under PSL as per the extant PSL prescriptions, while the balance 20 per cent shall be allocated to any one or more sub-sectors under the PSL where the bank has competitive advantage.

    3. These instructions are issued in exercise of the powers conferred on the Reserve Bank of India under Section 22 (1) of the Banking Regulation Act, 1949.

    Yours faithfully,

    (Manoranjan Padhy)
    Chief General Manager

    MIL OSI Economics –

    June 21, 2025
  • MIL-OSI Economics: ASEAN and India reaffirm commitment to strengthen Comprehensive Strategic Partnership

    Source: ASEAN – Association of SouthEast Asian Nations

    JAKARTA, 20 June 2025 – The Committee of Permanent Representatives to ASEAN held an informal meeting with Secretary (East) of the Ministry of External Affairs of India, P. Kumaran, today at the ASEAN Headquarters/ASEAN Secretariat. The Meeting exchanged views on the progress of ASEAN-India Comprehensive Strategic Partnership (CSP).
     
    The Meeting took note of the substantive, meaningful and mutually beneficial ASEAN-India CSP, and highlighted the progress of cooperation across various sectors.  Both sides reaffirmed their commitment to further strengthening the CSP through various frameworks of cooperation and commended the substantial progress in implementing the Plan of Action to Implement the ASEAN-India Partnership for Peace, Progress and Shared Prosperity (POA) 2021-2025 and its Annex. The Meeting looked forward to the adoption of the succeeding POA that will guide both sides in realising the full potential of ASEAN-India CSP over the next five years, with a view to bringing tangible benefits to the people of both sides.
     
    Looking ahead, the Meeting agreed to continue their close engagement and consultations to further advance the ASEAN-India CSP, and looked forward to explore opportunities to further enhance collaboration in areas of mutual interest such as defence; maritime; combatting transnational crimes; cybersecurity, trade and investment; agriculture; science and technology, including space technology; connectivity, including land, air, sea and people-to-people connectivity; digital economy and infrastructure; artificial intelligence; tourism; culture; health; education; youth; sustainable development; renewable energy; climate change; disaster management; capacity-building initiatives; and people-to-people exchanges.
     
    ****
     

    MIL OSI Economics –

    June 21, 2025
  • MIL-OSI United Kingdom: UKAEA welcomes UK-Japan fusion partnership

    Source: United Kingdom – Executive Government & Departments

    News story

    UKAEA welcomes UK-Japan fusion partnership

    UK-Japan partnership to further collaboration in key fusion areas, including R&D, regulation, skills and workforce

    Kerry McCarthy, Parliamentary Under-Secretary of State (Minister for Climate) and Hiroshi Masuko, Senior Deputy Minister of Education, Culture, Sports, Science and Technology, signing the Memorandum of Cooperation on fusion energy.

    UKAEA welcomes the signing of a Memorandum of Cooperation between UK and Japan, to strengthen our already close bond on developing fusion energy.

    Fusion is a global challenge with global solutions and UKAEA looks forward to working with Japanese scientists and innovators to advance fusion energy.

    More information can be found here.

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    Updates to this page

    Published 20 June 2025

    MIL OSI United Kingdom –

    June 21, 2025
  • MIL-OSI Canada: Canada marks World Refugee Day with solidarity

    Source: Government of Canada News

    Statement

    “On World Refugee Day, Canada reaffirms its commitment to meet humanitarian needs, address the root causes of forced displacement and find lasting solutions for refugees and other displaced people. We honour their strength and resilience, and recognize the important contributions they make in the communities that welcome them.”

    Ottawa, June 20, 2025—The Honourable Lena Metlege Diab, Minister of Immigration, Refugees and Citizenship, the Honourable Anita Anand, Minister of Foreign Affairs, and the Honourable Randeep Sarai, Secretary of State (International Development), today issued the following statement:

    “On World Refugee Day, Canada reaffirms its commitment to meet humanitarian needs, address the root causes of forced displacement and find lasting solutions for refugees and other displaced people. We honour their strength and resilience, and recognize the important contributions they make in the communities that welcome them.

    In 2024, the number of people forcibly displaced due to escalating conflicts, emerging crises, persecution and the effects of climate change rose to 123.2 million—the highest number ever recorded. Canada welcomed more than 49,000 refugees last year through resettlement programs, including government-assisted, privately sponsored and blended support.

    We work with experienced and trusted international partners like the UN Refugee Agency (UNHCR) and the International Organization for Migration to prioritize support for the most vulnerable forcibly displaced populations. From 2024 to 2026, under the government-assisted refugees program, Canada will resettle 12,000 refugees from Africa, the Middle East and Asia, 4,000 from the Americas and 4,000 from Sudan. This includes women and girls, LGBTQI+ people, religious minorities and those affected by conflict or displacement.

    In November, Canada announced $50.4 million in flexible, multi-year funding to UNHCR over the next four years. This complements Canada’s ongoing humanitarian assistance to UNHCR, which provides immediate, life-saving support to refugees and other displaced populations worldwide, addressing their urgent humanitarian and protection needs.

    Canada continues to support those affected by conflict, including in Sudan. In February 2025, Canada expanded its immigration measures to resettle up to 4,000 Sudanese government-assisted refugees by 2026 and an additional 700 refugees through private sponsorship. We are also increasing family-based permanent residence spaces from 3,250 to over 5,000 applications. These efforts will help about 10,000 individuals find safety and opportunity in Canada.

    By welcoming refugees, we reaffirm Canada’s values of compassion, human rights and inclusion. Together, we are building a stronger, more resilient country—one where everyone can thrive in safety and peace.”

    For further information (media only), please contact:

    Media Relations
    People and Communications Sector
    Immigration, Refugees and Citizenship Canada
    613-952-1650
    media@cic.gc.ca

    MIL OSI Canada News –

    June 21, 2025
  • MIL-OSI USA: NIST Names Shyam Sunder Associate Director for Laboratory Programs

    Source: US Government research organizations

    Dr. Shyam Sunder

    GAITHERSBURG, Md. — The National Institute of Standards and Technology (NIST) announced that S. Shyam Sunder has been selected as its new Associate Director for Laboratory Programs (ADLP), effective June 1, 2025.

    In this role, Sunder will provide leadership and oversight to NIST’s laboratories, which provide vital measurement and research services that underpin technology innovation in the United States. NIST’s non-regulatory science mission is executed in close partnership with industry through its laboratory programs by supporting new technologies, services and markets, and industry-led, consensus-based standards that help American companies compete around the world. 

    “Shyam’s expertise and practical background, as well as his more than 30 years in leadership roles at NIST, make him an invaluable asset as we continue to push boundaries in critical and emerging technologies,” said Deputy Under Secretary of Commerce for Standards and Technology and Acting NIST Director Craig Burkhardt. “Shyam will play a crucial role in helping NIST accelerate advances at the forefront of measurement science, which is the foundation for unleashing technological innovation and U.S. economic competitiveness.”

    Sunder previously served as director of NIST’s Special Programs Office and Acting Director of the Standards Coordination Office. In these roles, he established and managed the NIST Safety Commission, which issued a comprehensive set of findings and recommendations to improve NIST’s safety culture and the effectiveness of its safety protocols. In response to the CHIPS for America Act, he led NIST’s cross-laboratory team, engaging more than 800 stakeholders to assess and publish seven “grand challenges” to advance the U.S. semiconductor industry. He further led NIST’s efforts to establish a competitively selected Standardization Center of Excellence to accelerate U.S. engagement in international standardization for critical and emerging technologies through a cooperative agreement with the private sector-led U.S. standards system.

    Sunder’s prior positions include founding director of NIST’s Engineering Laboratory, director of its Building and Fire Research Laboratory (BFRL), and chief of BFRL’s Structures and Materials Division. He co-chaired White House National Science and Technology Council (NSTC) panels that set the federal R&D agenda for Net-Zero Energy High-Performance Buildings and Cyber-Physical Systems.

    Before joining NIST in 1994, he served on the Massachusetts Institute of Technology faculty. He received master and doctor of science degrees from MIT, and a bachelor of technology with distinction from the Indian Institute of Technology Delhi.

    Sunder is a recipient of the Presidential Rank Award of Distinguished Executive, and the U.S. Department of Commerce Gold Medal Award, its highest honor, for distinguished leadership of the federal building and fire safety investigation of the World Trade Center disaster after the terrorist attacks of Sept. 11, 2001. He was elected to the National Academy of Construction in 2012.

    MIL OSI USA News –

    June 21, 2025
  • MIL-OSI: Maximize Your Crypto Gains: 100x Leverage, $50 Bonus, Double Deposit Bonus & No KYC – Only on BexBack

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, June 20, 2025 (GLOBE NEWSWIRE) — Bitcoin has firmly maintained a price above $100,000, signaling that the crypto bull market is still going strong. As market volatility continues, savvy investors are eager to capitalize on the ongoing bullish trend. To help traders make the most of this opportunity, BexBack is launching an exciting promotion that includes a 100% deposit bonus, 100x leverage, and no KYC requirements for crypto futures trading.

    What Is the 100% Deposit Bonus and How Does It Work?

    The 100% deposit bonus is an exclusive offer that doubles your trading capital. For example, if you deposit 1 BTC, you’ll receive an additional 1 BTC, giving you a total of 2 BTC to trade. While the bonus itself is non-withdrawable, it can be used as margin for trading. This allows you to open larger positions and maximize potential profits without risking more of your initial investment. Moreover, any profits made from trading with the bonus are fully withdrawable.

    Why Use 100x Leverage for Crypto Futures Trading?

    100x leverage offers traders the ability to control larger positions with a smaller amount of capital. For example, if Bitcoin is priced at $100,000, with 100x leverage, a $1,000 investment would allow you to control a $100,000 position. This amplifies both profits and risks. However, when managed properly, 100x leverage can significantly increase profit potential, especially during volatile market conditions. It’s a powerful tool for experienced traders looking to capitalize on both rising and falling markets.

    Why Choose BexBack for Crypto Futures Trading?

    BexBack stands out for its user-centric approach to crypto trading, offering no KYC requirements, so users can start trading instantly without lengthy identity verification processes. With up to 100x leverage on over 50 major cryptocurrencies, including Bitcoin, Ethereum, Solana, Cardano, and XRP, BexBack provides traders with exceptional opportunities to maximize their capital and take advantage of the crypto bull run.

    Additional BexBack Benefits:

    • 24/7 Customer Support: BexBack provides round-the-clock support to assist users with their trading needs.
    • No Deposit Fees: Make deposits without incurring any fees, making your trading experience seamless and cost-effective.
    • Multiple Trading Pairs: Access a wide range of trading pairs to diversify your portfolio and find the best opportunities.

    About BexBack

    BexBack is a leading cryptocurrency derivatives platform offering advanced features for both novice and experienced traders. With its user-friendly interface, 100x leverage, and no KYC policy, BexBack is designed to meet the needs of today’s crypto traders. Headquartered in Singapore with offices in Hong Kong, Japan, the United States, the United Kingdom, and Argentina, BexBack is trusted by over 500,000 traders worldwide. The platform also holds a US MSB (Money Services Business) license, ensuring regulatory compliance and security for its users.

    How to Start Trading on BexBack?

    Getting started with BexBack is quick and easy. Simply:

    1. Register in 30 seconds: Sign up using your email address.
    2. Make a deposit: Deposit BTC, USDT, or other cryptocurrencies into your account.
    3. Enjoy your bonuses: Instantly qualify for the 100% deposit bonus and enjoy the benefits of 100x leverage on crypto futures trading, all without needing to complete KYC.

    With BexBack’s double deposit bonus, no KYC, and 100x leverage, you can start trading crypto futures and make the most of the ongoing bull market with minimal hassle and maximum potential.

    Take Action Now

    If you missed the previous crypto bull run, this is your chance to seize the opportunity. Sign up on BexBack today, claim your exclusive bonus, and start trading with 100x leverage to accumulate more BTC and other cryptocurrencies.

    Website: www.bexback.com

    Contact: business@bexback.com

    Contact:
    Amanda
    business@bexback.com

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

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

    Photos accompanying this announcement are available at:

    https://www.globenewswire.com/NewsRoom/AttachmentNg/61a73b2d-37e1-4557-85c0-c16e3cae9059

    https://www.globenewswire.com/NewsRoom/AttachmentNg/f081e458-3767-42e1-97a4-c7db8bea6020

    https://www.globenewswire.com/NewsRoom/AttachmentNg/3dfa57ba-3df2-4244-9649-281c7fa83273

    https://www.globenewswire.com/NewsRoom/AttachmentNg/51b5f115-6d5e-43c5-88da-0333b6867b35

    The MIL Network –

    June 21, 2025
  • MIL-OSI: Maximize Your Crypto Gains: 100x Leverage, $50 Bonus, Double Deposit Bonus & No KYC – Only on BexBack

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, June 20, 2025 (GLOBE NEWSWIRE) — Bitcoin has firmly maintained a price above $100,000, signaling that the crypto bull market is still going strong. As market volatility continues, savvy investors are eager to capitalize on the ongoing bullish trend. To help traders make the most of this opportunity, BexBack is launching an exciting promotion that includes a 100% deposit bonus, 100x leverage, and no KYC requirements for crypto futures trading.

    What Is the 100% Deposit Bonus and How Does It Work?

    The 100% deposit bonus is an exclusive offer that doubles your trading capital. For example, if you deposit 1 BTC, you’ll receive an additional 1 BTC, giving you a total of 2 BTC to trade. While the bonus itself is non-withdrawable, it can be used as margin for trading. This allows you to open larger positions and maximize potential profits without risking more of your initial investment. Moreover, any profits made from trading with the bonus are fully withdrawable.

    Why Use 100x Leverage for Crypto Futures Trading?

    100x leverage offers traders the ability to control larger positions with a smaller amount of capital. For example, if Bitcoin is priced at $100,000, with 100x leverage, a $1,000 investment would allow you to control a $100,000 position. This amplifies both profits and risks. However, when managed properly, 100x leverage can significantly increase profit potential, especially during volatile market conditions. It’s a powerful tool for experienced traders looking to capitalize on both rising and falling markets.

    Why Choose BexBack for Crypto Futures Trading?

    BexBack stands out for its user-centric approach to crypto trading, offering no KYC requirements, so users can start trading instantly without lengthy identity verification processes. With up to 100x leverage on over 50 major cryptocurrencies, including Bitcoin, Ethereum, Solana, Cardano, and XRP, BexBack provides traders with exceptional opportunities to maximize their capital and take advantage of the crypto bull run.

    Additional BexBack Benefits:

    • 24/7 Customer Support: BexBack provides round-the-clock support to assist users with their trading needs.
    • No Deposit Fees: Make deposits without incurring any fees, making your trading experience seamless and cost-effective.
    • Multiple Trading Pairs: Access a wide range of trading pairs to diversify your portfolio and find the best opportunities.

    About BexBack

    BexBack is a leading cryptocurrency derivatives platform offering advanced features for both novice and experienced traders. With its user-friendly interface, 100x leverage, and no KYC policy, BexBack is designed to meet the needs of today’s crypto traders. Headquartered in Singapore with offices in Hong Kong, Japan, the United States, the United Kingdom, and Argentina, BexBack is trusted by over 500,000 traders worldwide. The platform also holds a US MSB (Money Services Business) license, ensuring regulatory compliance and security for its users.

    How to Start Trading on BexBack?

    Getting started with BexBack is quick and easy. Simply:

    1. Register in 30 seconds: Sign up using your email address.
    2. Make a deposit: Deposit BTC, USDT, or other cryptocurrencies into your account.
    3. Enjoy your bonuses: Instantly qualify for the 100% deposit bonus and enjoy the benefits of 100x leverage on crypto futures trading, all without needing to complete KYC.

    With BexBack’s double deposit bonus, no KYC, and 100x leverage, you can start trading crypto futures and make the most of the ongoing bull market with minimal hassle and maximum potential.

    Take Action Now

    If you missed the previous crypto bull run, this is your chance to seize the opportunity. Sign up on BexBack today, claim your exclusive bonus, and start trading with 100x leverage to accumulate more BTC and other cryptocurrencies.

    Website: www.bexback.com

    Contact: business@bexback.com

    Contact:
    Amanda
    business@bexback.com

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

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

    Photos accompanying this announcement are available at:

    https://www.globenewswire.com/NewsRoom/AttachmentNg/61a73b2d-37e1-4557-85c0-c16e3cae9059

    https://www.globenewswire.com/NewsRoom/AttachmentNg/f081e458-3767-42e1-97a4-c7db8bea6020

    https://www.globenewswire.com/NewsRoom/AttachmentNg/3dfa57ba-3df2-4244-9649-281c7fa83273

    https://www.globenewswire.com/NewsRoom/AttachmentNg/51b5f115-6d5e-43c5-88da-0333b6867b35

    The MIL Network –

    June 21, 2025
  • MIL-OSI Global: What the new grooming gangs inquiry must do to put victims before politics

    Source: The Conversation – UK – By William Tantam, Senior Lecturer, Department of Anthropology and Archaeology, University of Bristol

    Kemi Badenoch, Conservative party leader, responds to Home Secretary Yvette Cooper’s statement announcing the new inquiry. House of Commons/Flickr, CC BY-NC-ND

    The independent inquiry into child sexual abuse was the largest inquiry in UK history, running from 2015 to 2022 and investigating institutional failures in preventing child sexual abuse. The inquiry’s final report included 20 recommendations for change. So far, zero have been fully implemented.

    We both worked on the inquiry and know the pervasive harm of this violence, as well as the consequences it leaves with survivors, families and communities. We are also well aware of the importance of clear language to reflect victims’ experiences and of capturing reliable data.

    Louise Casey’s audit of group-based child sexual exploitation and abuse echoes these issues. In particular, it highlights the huge gaps around ethnicity data.

    The report addresses decades of failure to protect vulnerable girls from group-based child sexual abuse (“grooming gangs”). The ethnicity of perpetrators and victims has been a flashpoint in the discussion for years.

    The national narrative has been that gangs of predominantly Asian men have groomed and exploited young white girls, and that this is why victims’ cases were ignored, dismissed or covered up. Political rows around it have been a factor in the government announcing another inquiry. Over 200 pages, Lady Casey’s audit endeavours to lay out the facts.


    Get your news from actual experts, straight to your inbox. Sign up to our daily newsletter to receive all The Conversation UK’s latest coverage of news and research, from politics and business to the arts and sciences.


    What does the report say about ethnicity?

    Casey’s audit repeatedly emphasises the lack of ethnicity data on a national level. She notes that ethnicity is not recorded for two-thirds of perpetrators, and that the data collected for both victims and perpetrators is “not sufficient to allow any conclusions to be drawn at the national level.”

    But she does note: “There is enough evidence available in local police data in three police force areas … which show disproportionate numbers of men from Asian ethnic backgrounds.” And, “There have been enough convictions across the country of groups of men from Asian ethnic backgrounds to have warranted closer examination. Instead of examination, we have seen obfuscation.”

    Why might this be? Casey notes that the issue of ethnicity was “shied away from” by local services, due to anxieties about being perceived as racist by endorsing an “Asian grooming gang” narrative.

    Her audit points to numerous reviews at different levels, all of which reflect inconsistency in data collection. While some, such as a 2020 Home Office research, found that most offenders of organised exploitation nationwide are white, Casey again notes that the data is not sufficient to conclude this.

    When analysing the testimonies of victims of child sexual abuse in other contexts, such as the 2015 inquiry’s Truth Project, often the ethnicity of the perpetrator remains vague. One reason is that whiteness goes unremarked upon in many areas of life in a majority-white country such as the UK. Another serious issue is the poor levels of reporting of child sexual abuse in general in ethnic minority communities. Overall, we lack a good understanding of both victim and perpetrator characteristics.


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    Casey also raises important questions about perpetrator profiles that go beyond their ethnicity, such as what drives them to commit these crimes. We would add another key question – why are young, working class girls from all backgrounds consistently treated as culpable for the crimes committed against them?

    If coming from a particular community is a risk factor for perpetration of a certain form of child sexual abuse, more accurate data is needed to say this confidently and in a way that can engage communities rather than alienating them. It is our hope that this new inquiry can do that. In the meantime, Casey has asked for the public to “keep calm” over the data.


    House of Commons/Flickr, CC BY-NC-ND

    Putting victims over politics

    The lack of accurate data has allowed politicians and the far right to take control of the narrative, without strong evidence to back up their claims. Elon Musk’s interventions earlier this year made the implications of this clear.

    People can lay claim to “the truth” of child grooming gangs without clear data in support or in opposition. What we can say with conviction – and what Musk was correct in pointing out – was the horrific nature of the crimes perpetrated against victims of sexual violence.

    Politicisation of abuse does a serious disservice to victims. As we found through the 2015 inquiry’s extensive work with diverse communities, narratives about the ethnicity of child sexual abuse perpetrators can lead to defensiveness and secrecy among victims from those communities, who fear betraying their own, risking further abuse.

    This new inquiry is a much needed opportunity to improve the data. The government has accepted all 12 recommendations, including mandatory collection of ethnicity and nationality data for all suspects in child sexual abuse and criminal exploitation cases.

    This is a statutory inquiry, so it has greater powers than past inquiries to compel witnesses to provide evidence. It also means that the inquiry holds some independence from government, hopefully insulating it from some of the politicised rhetoric.

    But the current moment still risks loud political voices talking over the expertise of survivors. While it is encouraging to read that survivors’ voices were included in Casey’s investigation, the audit does not say how many nor in what capacity.

    We hope that the inquiry takes a lesson from the pioneering approach of the 2015 inquiry. Its victims and survivors consultative panel gave a level of “testimonial justice” to those whose voices are often silenced and ignored.

    The new inquiry is a chance to really listen to victims, who have been let down for decades.
    Katty Elizarova/Shutterstock

    Foremost in everyone’s minds is the need to prevent and deter such abuse from happening in the future. This requires fully understanding the reasons behind inaccurate or incomplete data collection, the motivations of perpetrators and institutional contexts that might facilitate them, and barriers to implementing meaningful responses. This inquiry promises to listen to survivors, without filtering the parts that are uncomfortable to hear.

    Amid this, there is another scandal hidden in plain sight. For all the talk about acting on Casey’s findings, there is a huge funding crisis in services that support survivors of child sexual abuse. Our colleagues in the sector report increasing pressure to reduce the amount of care survivors are offered, despite commitments to offer lifelong care for those affected by this deeply damaging crime.

    How can we claim to care about prevention when we do not do enough to support those already affected?

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

    – ref. What the new grooming gangs inquiry must do to put victims before politics – https://theconversation.com/what-the-new-grooming-gangs-inquiry-must-do-to-put-victims-before-politics-259410

    MIL OSI – Global Reports –

    June 21, 2025
  • MIL-OSI Global: A pink diamond just sold for over US$ 14 million – no wonder, when you look at the mysteries behind their chemistry

    Source: The Conversation – UK – By Elton Santos, Reader in Theoretical and Computational Condensed Matter Physics, University of Edinburgh

    Diamonds might be forever but that doesn’t stop them being bought and sold. One stone thought to have once belonged to Marie Antoinette, the last queen of France, has just sold for US$14 million (£10 million) at an auction in New York – about three times the asking price. Set into a platinum ring and weighing a total of 15.5 grams, the clue to the diamond’s uniqueness is in its name: the Marie-Thérèse pink.

    This 10.38 carat pink diamond has been changing hands for generations, and previously sold at an auction in Geneva for an unknown amount. Pink diamonds are very rare and there are many things that scientists still don’t know about them.

    Diamonds are generally formed under intense heat and pressure deep within the Earth’s mantle, roughly 150–200 kilometres below the surface. Most natural diamonds crystallise over billions of years, composed almost entirely of carbon atoms arranged in a tightly packed, cube-like structure.


    Get your news from actual experts, straight to your inbox. Sign up to our daily newsletter to receive all The Conversation UK’s latest coverage of news and research, from politics and business to the arts and sciences.


    Coloured diamonds are geological anomalies. Variations include pink, blue, orange, yellow, red, green, brown and black, most of which can be explained by impurities in their crystal lattice. Yellow diamonds contain nitrogen, for example, while blue ones contain boron.

    Pink diamonds are not caused by such impurities. Scientists believe that the pink hue arises from a distortion in the diamond’s atomic lattice structure. Intense pressure deep underground creates forces (known as shear forces) that twist and compress atomic layers, which alter how the stone reflects light.

    It’s this “plastic deformation” which results in the pink coloration, reducing the green light in the visible spectrum so that it shifts the overall colour that we see towards pink.

    Only a small fraction of diamonds undergo such extreme and precise pressure and temperature conditions during their formation. These factors make them very difficult to be created and even harder to predict where they will be formed. As a result, pink diamonds are the rarest of all coloured diamonds apart from red ones, which are formed by an even more intense version of the same process.

    Aussie rules

    For decades, the Argyle mine in western Australia was the world’s primary source of pink diamonds (and also red ones), producing over 90% of the global supply. The mine is located at a unique geological area by a so-called lamproite volcanic pipe, as opposed to the more common kimberlite pipes found at most other diamond mines. Without getting too much into the technicalities, lamproite pipes tend to be less explosive and have more unusual minerals like leucite and rich potassium.

    The Argyle mine is located in the Kimberley region, which experienced intense tectonic activity during the Paleoproterozoic era, over 1.6 billion years ago. This meant that the lamproite pipe was formed under extreme pressures and temperatures.

    This is believed to have caused the lattice defects in the diamonds that were pushed to the Earth’s surface, which are responsible for their pink and red colours. The deep mantle depths in the mine were also crucial, since this translates into higher internal pressures and temperatures.

    Even so, less than 0.1% of the diamonds extracted from Argyle were classified as pink (and only 0.00000002% were red, if you calculate the proportion of red carats found). The mine then closed in 2020 after 37 years of production because its reserves were exhausted, making pink diamonds even more scarce and valuable.

    Other known sources include Brazil, India, Russia and South Africa, but these mines yield pink diamonds far less frequently. The rarity of high-quality pink diamonds has made them highly sought-after by collectors and investors alike, as demonstrated by the high sale price of the Marie-Thérèse pink. That diamond was actually pink-purple, with the purple hue caused by hydrogen being absorbed into the atomic structure during the stone’s formation, making it rarer still.

    Advanced techniques involving shining infrared light and X-rays into the stones – respectively known as infrared spectroscopy and high-resolution X-ray diffraction – have provided scientists with insights into the structural changes that cause pink and red diamonds.

    Yet many questions remain unanswered, and the study of pink diamonds continues to be an active area of scientific investigations in mineral physics and crystallography. This has included creating pink diamonds (and other colours such as blues) in the laboratory by replicating the natural processes that form them, but in a more controlled, accelerated way.

    These lab-grown pink diamonds look nearly identical to their natural versions to the human eye, but can yet be differentiated through optical techniques. One method is infrared absorption, which detects how the diamond absorbs light and vibrates at specific frequencies.

    Another clue is the presence of sharp peaks in the visible light spectrum that indicate certain impurities, like hydrogen or nitrogen, which are often found in natural stones. In the same style as a CSI investigation, these techniques provide the last word in whether a pink diamond is from a mine such as Argyle, a lab-grown pink, or a clear natural diamond that has been treated pink artificially.

    Even after years of improving the process for making pink diamonds synthetically, the mechanical distortions responsible for their exotic colour still can’t be replicated precisely under laboratory conditions. Scientists
    don’t understand all the atomic processes involved in their colouring becoming permanent to be able to recreate them perfectly.

    The same is actually also true for other synthetic diamonds, though they are becoming harder and harder to detect as the technology improves. In short, pink diamonds (and red ones) remain among the most remarkable precious stones in the world. Unless and until that changes, we can keep expecting them to change hands for ridiculous amounts of money.

    Elton Santos receives funding from EPSRC, Royal Society, and is affiliated with the Donostia International Physics Center, San Sebastián, Spain.

    – ref. A pink diamond just sold for over US$ 14 million – no wonder, when you look at the mysteries behind their chemistry – https://theconversation.com/a-pink-diamond-just-sold-for-over-us-14-million-no-wonder-when-you-look-at-the-mysteries-behind-their-chemistry-259392

    MIL OSI – Global Reports –

    June 21, 2025
  • PM Modi to lead 11th International Day of Yoga celebrations from Visakhapatnam

    Source: Government of India

    Source: Government of India (4)

    The 11th International Day of Yoga (IDY) is set to be celebrated on June 21, with unprecedented scale and grandeur, as Prime Minister Narendra Modi will lead the national event from Visakhapatnam, Andhra Pradesh. He will perform the Common Yoga Protocol (CYP) alongside over 3 lakh participants at the main venue. Joining him will be Union Minister of State (Independent Charge) for Ayush and Minister of State for Health & Family Welfare, Prataprao Jadhav, and Andhra Pradesh Chief Minister N. Chandrababu Naidu.

    The event at Visakhapatnam will be part of the nationwide ‘Yoga Sangam’ initiative, which will see simultaneous yoga sessions at more than 10 lakh locations across India. The mass demonstration is scheduled to take place from 6:30 AM to 7:45 AM and is expected to draw participation from over 2 crore people at more than 1 lakh locations across Andhra Pradesh alone. The state government is also coordinating an attempt to set a new Guinness World Record, while also planning to distribute over 50 lakh yoga certificates to registered participants.

    In a symbolic and culturally rich prelude to the main event, approximately 25,000 tribal children today performed 108 Surya Namaskars in 108 minutes at Andhra University. The initiative underlined the enthusiastic engagement of tribal communities and the growing grassroots reach of yoga.

    Delhi will also actively participate in the celebrations with events planned at 109 locations across the national capital. A notable highlight will be a grand yoga session at the historic Red Fort, organized by Brahma Kumaris in collaboration with the Ministry of Ayush, supported by the Morarji Desai National Institute of Yoga and the Archaeological Survey of India.

    This year’s theme for IDY 2025, Yoga for One Earth, One Health,” reflects India’s holistic vision of well-being. It underscores the interconnectedness of human and planetary health and draws upon the traditional Indian ethos of Sarve Santu Niramaya (May all be free from disease).

    Ahead of the celebrations, Prime Minister Modi addressed a letter to all Gram Pradhans, emphasizing yoga’s transformative impact and its growing global acceptance. His message has sparked renewed enthusiasm at the grassroots, resulting in widespread yoga activities in Panchayats, Anganwadis, and Community Health Centers.

    Marking the 10-year milestone of International Day of Yoga, the Ministry of Ayush introduced 10 Signature Events rolled out over 100 days to enhance public participation. These include the mass yoga demonstrations under Yoga Sangam, international collaborations through Yoga Bandhan, and environmental initiatives via Harit Yoga. The campaign also featured youth-centric programs like Yoga Unplugged, a global online summit under Yoga Connect, and large-scale celebrations through Yoga Maha Kumbh. Additionally, Samyoga highlighted the integration of yoga with modern healthcare, while Yoga Prabhava presented a 10-year impact report on the IDY movement.

    Rajasthan led in registrations for Yoga Sangam with over 2.25 lakh sign-ups, followed by several other states crossing the one lakh mark. Overall, more than 11 lakh organizations and groups have registered their participation through the Ministry of Ayush’s dedicated yoga portal.

    Globally, Indian embassies and cultural centres have been conducting yoga demonstrations and awareness campaigns, reinforcing India’s role as a global wellness leader.

    June 21, 2025
  • India’s Eight Core Industries Index registers marginal 0.7% growth in May 2025

    Source: Government of India

    Source: Government of India (4)

    The Index of Eight Core Industries (ICI), a crucial gauge of the performance of key infrastructure sectors in the Indian economy, rose marginally by 0.7% year-on-year in May 2025, according to provisional data released by the Ministry of Commerce & Industry. This modest uptick highlights continuing challenges in several critical sectors despite gains in a few industries.

    The eight industries that comprise the index — Coal, Crude Oil, Natural Gas, Petroleum Refinery Products, Fertilizers, Steel, Cement, and Electricity — collectively account for 40.27% of the overall Index of Industrial Production (IIP). In May, positive growth was reported in Cement, Steel, Coal, and Refinery Products, while the remaining sectors recorded year-on-year contractions.

    Coal production, which holds a weight of 10.33% in the index, increased by 2.8% compared to the same month last year. On a cumulative basis, production during April–May 2025-26 rose by 3.1%. However, the crude oil sector, with a weight of 8.98%, contracted by 1.8% in May and by 2.2% over the two-month period.

    Natural gas output witnessed a sharper year-on-year fall of 3.6% in May, contributing to a cumulative decline of 2.3%. Meanwhile, petroleum refinery products — the largest component of the index with a weight of 28.04% — posted a modest 1.1% increase in May. Despite this, cumulative output during the April–May period dropped by 1.7%.

    The fertilizer sector reported the steepest decline, shrinking by 5.9% in May and registering a cumulative decrease of 5.1%. In contrast, the steel industry, which holds significant weight at 17.92%, saw a healthy 6.7% rise in output in May and a 5.5% increase over the two-month period.

    Cement production delivered the strongest performance among all eight industries, recording a robust 9.2% growth in May. Its cumulative output also showed significant momentum, rising by 7.8%. However, electricity generation, a major sector with a 19.85% weight, fell sharply by 5.8% in May and declined by 2.2% cumulatively — contributing to an overall drag on the index.

    June 21, 2025
  • MIL-OSI United Nations: Secretary-General’s message on World Refugee Day [scroll down for French version]

    Source: United Nations secretary general

    Download the video: 
    https://s3.us-east-1.amazonaws.com/downloads2.unmultimedia.org/public/video/evergreen/MSG+SG+/SG+WORLD+REFUGE+DAY+21+MAY+25/3399099_MSG+SG+WORLD+REFUGE+DAY+21+MAY+25.mp4
     

    Today, we recognize the millions of refugees forced to flee war, persecution, and disaster.

    Every individual carries a story of profound loss – of a family uprooted and a future upended.  

    Many face closed doors and a rising tide of xenophobia.

    From Sudan to Ukraine, from Haiti to Myanmar, a record number of people are on the run for their lives – while support is dwindling. 

    And host communities, often in developing countries, are shouldering the greatest burden.

    This is unfair and unsustainable.

    But even as the world falls short, refugees continue to show extraordinary courage, resilience and determination.

    And when given the chance, they contribute meaningfully – strengthening economies, enriching cultures, and deepening social bonds.

    On this World Refugee Day, solidarity must go beyond words.

    Solidarity must mean boosting humanitarian and development support, expanding protection and durable solutions such as resettlement, and upholding the right to seek asylum – a pillar of international law.

    It must also mean listening to refugees and ensuring they have a voice in shaping their futures.

    And it must mean investing in long-term integration through education, decent work, and equal rights.

    Becoming a refugee is never a choice.

    But how we respond is.

    So let us choose solidarity. Let us choose courage. Let us choose humanity.

    ***

    Aujourd’hui, nos pensées vont aux millions de réfugiés contraints de fuir les guerres, les persécutions et les catastrophes.

    Chaque personne réfugiée porte en elle l’histoire d’une perte insondable, d’une famille déracinée et d’un avenir bouleversé.

    Beaucoup se heurtent à des portes closes et font face à une montée de la xénophobie.

    Du Soudan à l’Ukraine, d’Haïti au Myanmar, un nombre record de personnes fuient pour sauver leur vie, alors même que l’aide s’amenuise.

    Ce sont les communautés d’accueil, souvent dans les pays en développement, qui supportent le plus lourd fardeau.

    Une telle situation est aussi injuste qu’intenable.

    Bien que le monde ne soit pas à la hauteur des circonstances, les réfugiés continuent de faire preuve d’un courage, d’une résilience et d’une détermination extraordinaires.

    Et lorsqu’on leur en donne la possibilité, ils apportent une contribution notable – en renforçant les économies, en enrichissant les cultures et en approfondissant les liens sociaux.

    En cette Journée mondiale des réfugiés, la solidarité doit aller au-delà des mots.

    Elle doit se traduire par un renforcement de l’aide humanitaire et de l’aide au développement, par l’élargissement de la protection et la fourniture de solutions durables telles que la réinstallation, et par le respect du droit de demander l’asile, qui est l’un des piliers du droit international.

    Elle passe également par l’écoute des réfugiés, qui doivent pouvoir s’exprimer sur la façon dont ils conçoivent leur avenir.

    Elle implique d’investir dans une intégration à long terme par l’éducation, le travail décent et l’égalité des droits.

    Devenir un réfugié n’est jamais un choix.

    Mais nous avons le choix de la réponse à apporter.

    Faisons donc le choix de la solidarité. Faisons le choix du courage. Faisons le choix de l’humanité.
     

    MIL OSI United Nations News –

    June 21, 2025
  • MIL-OSI USA: Former JBLM soldier pleads guilty to attempting to share military secrets with China

    Source: US State of California

    A former U.S. Army Sergeant whose last duty post was Joint Base Lewis-McChord (JBLM) in western Washington pleaded guilty today in U.S. District Court in Seattle to two federal felonies, announced Acting U.S. Attorney Teal Luthy Miller. Joseph Daniel Schmidt, 31, pleaded guilty to attempt to deliver national defense information and retention of national defense information. He faces up to ten years in prison when sentenced by U.S. District Judge John C. Coughenour on September 9, 2025.

    According to records filed in the case, Schmidt was an active-duty soldier from January 2015 to January 2020. His primary assignment was at JBLM in the 109th Military Intelligence Battalion. In his role, Schmidt had access to SECRET and TOP SECRET information. After his separation from the military, Schmidt reached out to the Chinese Consulate in Turkey and later, the Chinese security services via email offering national defense information.

    In March 2020, Schmidt traveled to Hong Kong and continued his efforts to provide Chinese intelligence with classified information he obtained from his military service. He created multiple lengthy documents describing various “high level secrets” he was offering to the Chinese government. He retained a device that allows for access to secure military computer networks and offered the device to Chinese authorities to assist them in efforts to gain access to such networks.

    Schmidt remained in China, primarily Hong Kong, until October 2023, when he flew to San Francisco. He was arrested at the airport.

    Attempt to deliver national defense information and retention of national defense information are both punishable by up to 10 years in prison and a $250,000 fine.    

    The FBI investigated the case, with valuable assistance provided by the U.S. Army Counterintelligence Command.

    Assistant U.S. Attorney Todd Greenberg is prosecuting the case, with valuable assistance from the National Security Division’s Counterintelligence and Export Control Section.

    MIL OSI USA News –

    June 21, 2025
  • MIL-OSI Security: Former JBLM soldier pleads guilty to attempting to share military secrets with China

    Source: United States Attorneys General

    A former U.S. Army Sergeant whose last duty post was Joint Base Lewis-McChord (JBLM) in western Washington pleaded guilty today in U.S. District Court in Seattle to two federal felonies, announced Acting U.S. Attorney Teal Luthy Miller. Joseph Daniel Schmidt, 31, pleaded guilty to attempt to deliver national defense information and retention of national defense information. He faces up to ten years in prison when sentenced by U.S. District Judge John C. Coughenour on September 9, 2025.

    According to records filed in the case, Schmidt was an active-duty soldier from January 2015 to January 2020. His primary assignment was at JBLM in the 109th Military Intelligence Battalion. In his role, Schmidt had access to SECRET and TOP SECRET information. After his separation from the military, Schmidt reached out to the Chinese Consulate in Turkey and later, the Chinese security services via email offering national defense information.

    In March 2020, Schmidt traveled to Hong Kong and continued his efforts to provide Chinese intelligence with classified information he obtained from his military service. He created multiple lengthy documents describing various “high level secrets” he was offering to the Chinese government. He retained a device that allows for access to secure military computer networks and offered the device to Chinese authorities to assist them in efforts to gain access to such networks.

    Schmidt remained in China, primarily Hong Kong, until October 2023, when he flew to San Francisco. He was arrested at the airport.

    Attempt to deliver national defense information and retention of national defense information are both punishable by up to 10 years in prison and a $250,000 fine.    

    The FBI investigated the case, with valuable assistance provided by the U.S. Army Counterintelligence Command.

    Assistant U.S. Attorney Todd Greenberg is prosecuting the case, with valuable assistance from the National Security Division’s Counterintelligence and Export Control Section.

    MIL Security OSI –

    June 21, 2025
  • MIL-OSI: Antalpha to Hold Extraordinary General Meeting on July 21, 2025

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, June 20, 2025 (GLOBE NEWSWIRE) — Antalpha Platform Holding Company (NASDAQ: ANTA) (“Antalpha” or the “Company”), a leading fintech platform serving the Bitcoin mining ecosystem, today announced that it will hold an extraordinary general meeting of shareholders (the “EGM”) at 2:00 p.m. (Hong Kong time) on July 21, 2025 at 42nd Floor, Edinburgh Tower, The Landmark, 15 Queen’s Road, Central, Hong Kong.

    A proposal to increase the Company’s authorized share capital will be submitted to the Company’s shareholders to be considered and voted upon at the EGM. If the proposal is approved by an ordinary resolution of the shareholders, the authorized share capital of the Company will be increased from “US$50,000 divided into 50,000,000 Ordinary Shares of a par value of US$0.001 each” to “US$62,500 divided into 62,500,000 Ordinary Shares of a par value of US$0.001 each” by the creation of an additional 12,500,000 Ordinary Shares of a par value of US$0.001 each to rank pari passu in all respects with the existing shares.

    A proposal to re-designate the Company’s ordinary shares into Class A Ordinary Shares and Class B Ordinary Shares will be submitted to the Company’s shareholders to be considered and voted upon at the EGM. If the proposal is approved by a special resolution of the shareholders, (a) 59,375,000 authorized Ordinary Shares (including the 23,677,500 issued Ordinary Shares) of a par value of US$0.001 each in the capital of the Company will be re-designated as Class A Ordinary Shares, and (b) 3,125,000 authorized but unissued Ordinary Shares of a par value of US$0.001 each in the capital of the Company will be re-designated as Class B Ordinary Shares (the “Share Re-designation”), such that immediately following the Share Re-designation, the authorized share capital of the Company will be US$62,500 divided into 62,500,000 Ordinary Shares of a par value of US$0.001 each, comprising of (i) 59,375,000 Class A Ordinary Shares (including 23,677,500 issued Class A Ordinary Shares) of a par value of US$0.001 each (the “Class A Ordinary Shares”), and (ii) 3,125,000 Class B Ordinary Shares of a par value of US$0.001 each (the “Class B Ordinary Shares”).

    A proposal to amend and restate the Company’s existing memorandum and articles of association to reflect the variation of the Company’s authorized share capital will be submitted to the Company’s shareholders to be considered and voted upon at the EGM. If the proposal is approved by a special resolution of the shareholders, the Company’s Amended and Restated Memorandum of Association and Articles of Association will be amended and restated by their deletion in their entirety and the substitution in their place of the Second Amended and Restated Memorandum of Association and Articles of Association in the form as attached to the EGM notice as Exhibit A (the “Amended M&AA”), and the authorized share capital of the Company will be US$62,500 divided into 62,500,000 Ordinary Shares of a par value of US$0.001 each comprising of (i) 59,375,000 Class A Ordinary Shares of a par value of US$0.001 each, and (ii) 3,125,000 Class B Ordinary Shares of a par value of US$0.001 each, with the rights attaching to such shares as set out in the Amended M&AA, including that each Class A Ordinary Share is entitled to one vote, and is not convertible into Class B Ordinary Share under any circumstances, and each Class B Ordinary Share is entitled to twenty (20) votes, subject to certain conditions, and is convertible into one Class A Ordinary Share at any time by the holder thereof.

    A proposal to grant the Chairperson of the board of directors and Chief Executive Officer of the Company (the “Founder”), one or more awards under the Company’s 2024 Share Incentive Plan will be submitted to the Company’s shareholders to be considered and voted upon at the EGM. If the proposal is approved by an ordinary resolution of the shareholders, the Company will be authorized to grant the Founder awards under the Company’s 2024 Share Incentive Plan (as may be amended from time to time), in the form of options, restricted share units or other types, to acquire an aggregate of up to 1,500,000 Class B Ordinary Shares, of which the first 750,000 Class B Ordinary Shares shall vest only upon the Company achieving a market capitalization of at least US$1 billion, and the remaining 750,000 Class B Ordinary Shares shall vest only upon the Company achieving a market capitalization of at least US$2 billion, as an incentive for his continued service and to align his interests with those of the Company and its shareholders.

    A proposal for the Company to adopt a treasury management plan will be submitted to the Company’s shareholders to be considered and voted upon at the EGM. If the proposal is approved by an ordinary resolution of the shareholders, the Company will adopt the treasury management plan in the form as attached to the EGM notice as Exhibit B for the purposes of improving the treasury management of the Company, and the Company and its board of directors be authorized to take all actions as may be necessary for the purposes of carrying out such treasury management plan, including issuing ordinary shares or other securities to raise funds to acquire digital gold, or acquiring digital gold through its subsidiaries and/or investees, which may include publicly listed companies, from time to time for purposes of carrying out such treasury management plan.

    The Board has fixed the close of business on June 20, 2025 (Eastern Standard Time) as the record date (the “Record Date”) for determining the shareholders entitled to receive notice of, to attend, and to vote at, the EGM or any adjourned or postponed meeting thereof. Holders of record of the Company’s ordinary shares, par value US$0.001 per share, at the close of business on the Record Date are entitled to notice of, and to vote at, the EGM or any adjournment or postponement thereof. The notice of the EGM, which sets forth the resolutions to be submitted to shareholder approval at the meeting and includes the Amended M&AA and treasury management plan as exhibits, is available on the Company’s website at ir.antalpha.com.

    About Antalpha

    Antalpha is a leading fintech company specializing in providing financing, technology, and risk management solutions to institutions in the digital asset industry. As the primary lending partner of Bitmain, Antalpha offers Bitcoin supply chain and margin loans through the Antalpha Prime technology platform, which allows customers to originate and manage their digital assets loans, as well as monitor collateral positions with near real-time data.

    Contacts

    Investor Relations: ir@antalpha.com

    The MIL Network –

    June 21, 2025
  • MIL-OSI Africa: Constitutional Court a beacon of justice and national unity

    Source: South Africa News Agency

    President Cyril Ramaphosa has praised the Constitutional Court for its critical role in deepening democracy, advancing human rights, and promoting national cohesion and reconciliation over the past three decades.

    Speaking at a special event marking the 30-year anniversary of the court’s establishment on Friday in Johannesburg, President Ramaphosa described the apex court as not only a legal institution but a “noble symbol of our democratic order; both immortal and legal compass”.

    “This moment calls not only for celebration, but also for reflection, for recommitment, and for a renewed vision of constitutionalism in action in South Africa,” the President said. 

    Reflecting on the court’s founding in 1994, the President noted its symbolic location, built on the ruins of the infamous Old Fort prison in Braamfontein as a reminder of South Africa’s painful past and a testament to the transformative promise of constitutional justice.

    “This court was established on the ruins of an oppressive legal system and was built on the grounds of a former prison, embodying the hope that law could become an instrument of justice rather than repression,” he said.

    Recalling the adoption of the Constitution on 8 May 1996, President Ramaphosa, who then chaired the Constitutional Assembly, likened the document to “our new nation’s birth certificate”, describing it as a legal foundation that affirms dignity, equality, and freedom for all South Africans.

    “Just like a person cannot enjoy their rights without a birth certificate, without the Constitution our country would be cast adrift, and be vulnerable to the excesses of unchecked power.

    “We celebrate the existence of this court over the 30 years in which it has defended our democratic vision as set out in our birth certificate, our Constitution. This court has been the guardian, watching over our nation’s legal health just as a parent would attend to the health of their growing child,” he said.

    Building a culture of rights

    The President credited the court for cultivating a rights-based culture by issuing transformative and far-reaching judgments, including in S v Makwanyane that abolished the death penalty; the Grootboom case that centred on the right to housing; and Minister of Health v Treatment Action Campaign that dealt with the right to healthcare and access to HIV/Aids treatment.

    “The Constitutional Court has developed a rich and transformative jurisprudence. These judgements are not merely legal decisions – they are decisions that have changed lives, shaped our society, and strengthened our democracy,” he said. 

    He praised the court’s jurisprudence for affirming the rights of the vulnerable, including same-sex couples, women in traditional marriages, children, the poor, and the infirm.

    “The court’s judgments have advanced the rights of same-sex couples, of women in traditional marriages, of the sick and infirm, of children, of voters, and of the most marginalised members of society. They have affirmed that dignity, equality and freedom are not reserved for the powerful, but guaranteed to all,” he said. 

    He acknowledged the international legal influences that helped shape South Africa’s Constitution, with insights drawn from jurisdictions such as Canada, Germany, India and the United States.

    Quoting former Justice Albie Sachs, President Ramaphosa said: “We borrowed ideas, concepts and structures from Canada, Germany, India and the United States, but made them South African.”

    Challenges and shortcomings

    While lauding the court’s role, President Ramaphosa also acknowledged ongoing challenges in realising the full promise of constitutionalism, particularly in the delivery of socio-economic rights. 

    “It will forever remain a blight on our democracy that the applicant in the ground-breaking Grootboom judgment, Ms. Irene Grootboom, died in 2008 without her dream of a decent house being fulfilled,” he said.

    He stressed that citizens should not have to resort to litigation to claim rights that the state is obligated to fulfil.

    “There is a disconnect between the promise of our Constitution and the lived realities of South Africans. Persistent inequality, threats to judicial independence, lack of implementation of court orders, and erosion of trust in institutions remain pressing challenges,” he warned.

    Commitment to the judiciary

    President Ramaphosa reaffirmed government’s commitment to supporting the judiciary and upholding its independence. He cited budget allocations to improve court services, judicial education, and infrastructure as part of efforts to bolster the judiciary’s effectiveness.

    “To ensure that the judiciary execute their duties independently, effectively, and with dignity – government must and will provide a range of institutional, infrastructure, financial, administrative, and legal support. The support is crucial to maintaining judicial independence, which is a cornerstone of democracy and the rule of law,” he said.

    He confirmed that a joint committee between the executive and judiciary will finalise an action plan in the coming weeks to strengthen the judicial system and institutional independence.

    Tribute to pioneers

    The President paid tribute to current and former Constitutional Court Justices, legal clerks, scholars, and practitioners who have contributed to the court’s legacy.

    Among those honoured were retired Justices Albie Sachs and Kate O’Regan, who were part of the inaugural bench. He also recalled stories shared by his legal advisor, Advocate Nokukhanya Jele, who clerked for the court in its early days, sharing memories of operating in cramped temporary offices, and of rain leaking onto legal papers during the Court’s relocation to its current premises in 2004.

    “For all who had the privilege of being part of those early days working at the court, there was a sense of elation at being part of history in the making. Of being part of something far greater; something that all one’s years of legal training had prepared one for. 

    “As a nation we can be nothing short of immensely proud of the constitutional court, of what it has achieved, and of its ongoing and pre-eminent role in our society,” he said.

    Looking ahead

    President Ramaphosa called on legal professionals, government leaders and citizens alike to recommit to the Constitution and its values of accountability, ethics, and public service.

    “Thirty years on, the Constitutional Court remains a beacon of democracy. A compass for our future journey. May it continue to stand as a testament to justice, accountability, and the resilience of the South African people,” the President said. 

    He added that the country faces many challenges including poverty, inequality, joblessness and under-development. 

    “Yet we move forward as a collective with confidence, fortified by the knowledge that that you, the guardians of our constitutional order, are with us, alongside us, guiding us.

    “As we look to the next 30 years, let us ensure that the Constitutional Court remains a living institution—responsive, principled, and deeply rooted in the values of ubuntu, accountability, and human dignity. We wish the court well on this auspicious occasion, and into the future,” the President said. – SAnews.gov.za

    MIL OSI Africa –

    June 21, 2025
  • MIL-OSI China: China’s central bank says mainland-HK payment connect will begin operations soon

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

    BEIJING, June 20 — The People’s Bank of China (PBOC), the country’s central bank, said on Friday that the cross-border payment connect linking users in the Chinese mainland and Hong Kong will begin operations on June 22.

    By linking the mainland’s Internet Banking Payment System and Hong Kong’s Faster Payment System, the payment connect will support participating institutions to provide efficient, convenient and safe cross-border payment services for residents in both the mainland and Hong Kong, the PBOC said in a statement.

    The payment connect system is another important measure unveiled by the central government to support Hong Kong’s development, enhance people’s livelihoods, and promote cooperation between the mainland and Hong Kong, according to the statement.

    Through the system, users will be able to initiate cross-border remittances in renminbi and Hong Kong dollars in both locations via mobile and online banking channels, improving the efficiency of cross-border money transfers.

    Additionally, the costs of cross-border money transfers will be lowered as relevant payment infrastructures are connected directly within the system.

    The introduction of the system is also expected to facilitate economic and trade activities on the mainland and in Hong Kong, and to strengthen Hong Kong’s status as an international financial center, per the statement.

    A launch ceremony for the payment connect was held on Friday, attended by PBOC Governor Pan Gongsheng and Eddie Yue, chief executive of the Hong Kong Monetary Authority (HKMA).

    In its next step, the PBOC will enhance regulatory cooperation with the HKMA to ensure the smooth, orderly operations of the system.

    Institutions participating in the payment connect should comply strictly with relevant anti-money laundering, counter-terrorist financing, counter-proliferation financing and cross-border payment settlement laws and regulations, according to the PBOC statement.

    MIL OSI China News –

    June 21, 2025
  • Amit Shah inaugurates Bengaluru campus of Adichunchanagiri University, hails blend of healthcare and education

    Source: Government of India

    Source: Government of India (4)

    Union Home Minister and Minister of Cooperation Amit Shah today inaugurated the Bengaluru campus of Adichunchanagiri University (ACU) in Karnataka, hailing it as a milestone in the pursuit of affordable healthcare and education for all.

    Speaking at the inauguration ceremony, Shah praised the efforts of the Adichunchanagiri Mutt in upholding the cultural ideal of “Sarva Jan Hitaya, Sarva Jan Sukhaya” — the welfare and happiness of all. He commended the Mutt’s initiatives in running health centres in rural areas, offering free medical treatment to the underprivileged, and setting up educational institutions for children.

    The newly inaugurated campus, constructed at a cost of ₹200 crore, spans 20 lakh square feet over 16 acres and is designed to accommodate 4,000 students. It houses a modern 1,000-bed hospital that offers comprehensive healthcare facilities, including free and affordable treatment for the poor. In his address, the Home Minister said this establishment would emerge as a true centre of service through its integration of education and healthcare.

    Shah paid tribute to Jagadguru Dr. Balagangadharanatha Swamiji for preserving and enhancing the 1,800-year-old spiritual heritage of the sacred Adichunchanagiri Hills by intertwining it with service and education. He also lauded the continued efforts of Dr. Nirmalanandanatha Mahaswamiji in carrying forward this legacy.

    He noted that the Mutt’s work has fostered a deep connection with thousands of families, especially from poor and middle-income backgrounds, by promoting spirituality and Karma Yoga through community service. The Mutt’s holistic outreach is based on nine key pillars — Anna (food), Akshara (education), Arogya (health), Adhyatmika (spirituality), Aashraya (shelter), Aranya (environment), Aakaalu (disaster relief), Anukampa (compassion), and Anubandh (social connection). According to Shah, this inclusive approach has significantly strengthened social unity and serves as a model for other religious and cultural institutions.

    Highlighting the university’s role in combining tradition with innovation, he emphasized its efforts in reconnecting the youth with India’s cultural roots while equipping them with cutting-edge education. He credited Mahaswami Ji with ensuring that students not only receive quality education but also free accommodation, giving them an opportunity to lead dignified lives. The university, he said, has become one of the country’s premier institutions, offering advanced medical care at low cost. The 1,500-bed hospital includes facilities for critical care, cardiology, neurosurgery, oncology, and complex transplants like kidney, liver, and cornea.

    Shah further highlighted the Modi Government’s commitment to healthcare reform. Recalling Prime Minister Narendra Modi’s earlier remarks that illness and its related expenses are among the leading causes of poverty, he stated that Modi’s vision had materialized through initiatives like the Ayushman Bharat scheme, which now provides free treatment of up to ₹5 lakh to 60 crore citizens.

    He elaborated on other major health and welfare initiatives launched under PM Modi’s leadership, including the construction of nearly 12 crore household toilets, the Fit India Movement, the celebration of International Day of Yoga, and the Mission Indradhanush vaccination campaign for children up to 15 years of age. He also mentioned the Poshan Abhiyan, which addresses maternal and child nutrition, and the Jan Aushadhi Yojana, through which essential medicines are available at just 20% of market prices at over 15,000 locations.

    In addition, Shah pointed to the dramatic expansion of medical education infrastructure in the country. Since 2014, the number of AIIMS institutions has increased from 7 to 23, medical colleges from 387 to 780, MBBS seats from 51,000 to 1,18,000, and postgraduate medical seats from 31,000 to 74,000.

    June 21, 2025
  • MIL-OSI Russia: Shenyang to host 2025 SCO People’s Diplomacy and Twin Cities Forum

    Translation. Region: Russian Federal

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

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

    BEIJING, June 20 (Xinhua) — The 2025 Shanghai Cooperation Organization (SCO) Public Diplomacy and Sister Cities Forum will be held from July 3 to 5 in Shenyang, capital of northeast China’s Liaoning Province, local authorities said on social media on Friday.

    The event, titled “Deepening People’s Friendship and Promoting Sustainable Development,” will be attended by nearly 400 guests from more than 20 SCO countries, a press conference organized by the Shenyang City People’s Government Information Office was announced on Friday.

    The forum will include an exhibition of paintings by children from SCO countries, an exhibition of achievements of SCO countries in the field of people’s friendship and exchanges, as well as an exhibition of achievements in scientific and technical innovations and advanced manufacturing.

    The forum’s agenda will also include a sub-forum on exchanges between sister cities and trade and economic cooperation, a sub-forum on scientific and technological innovations and advanced manufacturing among young people, as well as a sub-forum dedicated to the 80th anniversary of the Victory in the Chinese People’s War of Resistance against Japanese Aggression and the Victory in the World Anti-Fascist War.

    The event is expected to see the publication of agreements on actions in the field of sustainable development of people-to-people exchanges between the SCO countries and the Shenyang Initiative following the forum. In addition, a number of agreements or protocols of intent on establishing sister city relations between relevant organizations and cities will be signed.

    The forum will be jointly organized by the SCO China Committee on Good-Neighborliness, Friendship and Cooperation, the Chinese People’s Association for Friendship with Foreign Countries and the People’s Government of Liaoning Province. -0-

    MIL OSI Russia News –

    June 21, 2025
  • MIL-OSI Russia: Singapore Prime Minister to Pay Official Visit to China /detailed version-1/

    Translation. Region: Russian Federal

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

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

    BEIJING, June 20 (Xinhua) — At the invitation of Chinese Premier Li Qiang, Singaporean Prime Minister Lawrence Wong will pay an official visit to China from June 22 to 26, a Chinese Foreign Ministry spokesperson said on Friday.

    Singapore Prime Minister Lawrence Wong chose China as the destination for his first visit outside ASEAN since taking office in May, fully demonstrating the importance he attaches to developing China-Singapore relations, Chinese Foreign Ministry spokesman Guo Jiakun said at a regular ministry press conference.

    During the visit, Chinese President Xi Jinping will meet with Liu Wong. Premier of the State Council Li Qiang will hold talks with him, and Chairman of the Standing Committee of the National People’s Congress (NPC) Zhao Leji will meet with him. According to Guo Jiakun, the two sides will hold in-depth exchanges of views on China-Singapore relations as well as international and regional issues of common interest.

    Under the strategic guidance of the leaders of both countries, China-Singapore relations have maintained a positive momentum, the Chinese diplomat said. He added that in 2023, the leaders of the two countries announced the establishment of China-Singapore relations as a comprehensive high-quality prospective partnership, which clearly outlined the direction of development of bilateral relations.

    This year marks the 35th anniversary of the establishment of diplomatic relations between China and Singapore, Guo Jiakun said. He noted that through this visit, China hopes to strengthen strategic communication with Singapore, deepen cooperation in various fields, jointly uphold the principles of multilateralism and free trade, and promote the further development of China-Singapore relations from a new starting point. -0-

    MIL OSI Russia News –

    June 21, 2025
  • MIL-OSI Russia: Seasonal flights Kashgar-Khujand to resume in July

    Translation. Region: Russian Federal

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

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

    URUMQI, June 20 (Xinhua) — Passenger flights linking Kashgar Prefecture in northwest China’s Xinjiang Uygur Autonomous Region and Tajikistan’s Khujand will resume on July 1 and will be operated regularly during the tourist peak season, the prefectural administration said, citing a statement from the Kashgar base of China’s Chengdu Airlines, which is headquartered in Chengdu, southwest China’s Sichuan Province.

    The roundtrip flights on this route will be operated by the domestically developed C909 regional passenger airliner, formerly known as the ARJ21, once a week on Tuesdays.

    According to the Kashgar Prefectural Checkpoint Management Office, the restoration of this route will facilitate international trade and economic cooperation and humanitarian exchanges, and will also increase the level of openness of Kashgar to the outside world, giving new impetus to the high-quality development of the regional economy.

    In June 2024, flight EU2977, operated by an ARJ21, departed from Laining International Airport, Kashgar County, to Khujand International Airport, Tajikistan, marking the launch of the route. This is the first route to Central Asia operated by the ARJ21, and the second international air service launched at Laining Airport that year.

    It should be recalled that Laining International Airport is the second largest air checkpoint in Xinjiang and one of the important hub airports of the Belt and Road Initiative. -0-

    MIL OSI Russia News –

    June 21, 2025
  • MIL-OSI Russia: At least nine killed in car-truck collision in eastern India

    Translation. Region: Russian Federal

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

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

    NEW DELHI, June 20 (Xinhua) — At least nine people were killed on Friday when a car collided head-on with a truck in India’s eastern West Bengal state, local police said.

    The accident took place on National Highway 18 near Namshola in Balarampur police station area of Purulia district, about 284 km west of the state capital Kolkata.

    The car collided head-on with a truck traveling at high speed in the opposite direction. The incident killed all nine people in the car, a local police spokesman said. They were immediately taken to the nearest hospital, where doctors pronounced them dead.

    A preliminary investigation has revealed that the driver of the vehicle lost control, causing a collision with a truck. –0–

    MIL OSI Russia News –

    June 21, 2025
  • MIL-OSI: Founder Group Management Comments on Market Conditions in the U.S. for Solar Power Companies’ Stocks

    Source: GlobeNewswire (MIL-OSI)

    KUALA LUMPUR, Malaysia, June 20, 2025 (GLOBE NEWSWIRE) — Founder Group Limited (NASDAQ: FGL) (“Founder Group” or the “Company”), a leading engineering, procurement, construction, and commissioning (EPCC) solutions provider for solar photovoltaic systems in Malaysia, assures investors that the Company will not be impacted by a U.S. Senate panel’s proposed wind down of solar power tax credits by 2028.

    “Founder Group operates primarily in Malaysia and doesn’t have operations in the U.S. Therefore, the Company should not be affected by the sentiments currently causing selloffs of U.S. solar power stocks,” said Lee Seng Chi, Chief Executive Officer of Founder Group Limited. “Although we are listed on Nasdaq and trade alongside U.S. solar power stocks, we will not be impacted by the possible elimination of those tax credits.”

    “Our revenue is predominantly generated from the Malaysian market hence we are not affected by the changes suggested by President Donald Trump’s tax cut and spending bill,” Mr. Lee continued. “In the near future, our expansion will focus on regional expansion in Southeast Asia only. Expansion to the U.S. is not in our current plans.”

    About Founder Group Limited

    Founder Group Limited is a pure-play, end-to-end EPCC solutions provider for solar PV facilities in Malaysia. The company’s primary focus is on two key segments: large-scale solar projects and commercial and industrial (C&I) solar projects. The company’s mission is to provide customers with innovative solar installation services, promote eco-friendly resources and achieve carbon neutrality.

    For more information on the Company, please visit https://www.founderenergy.com.my/.

    Safe Harbor Statement

    This press release contains forward-looking statements that reflect our current expectations and views of future events. Known and unknown risks, uncertainties and other factors, including those listed under “Risk Factors” in the Company’s filings with the U.S. Securities and Exchange Commission, may cause our actual results, performance or achievements to be materially different from those expressed or implied by the forward-looking statements. You can identify some of these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “is/are likely to,” “potential,” “continue” or other similar expressions. We have based these forward-looking statements largely on our current expectations and projections about future events that we believe may affect our financial condition, results of operations, business strategy and financial needs. These forward-looking statements involve various risks and uncertainties. Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. We qualify all of our forward-looking statements by these cautionary statements.

    CONTACT INFORMATION:

    For media queries, please contact:

    Founder Group Limited
    info@founderenergy.com.my

    Investor Relations Inquiries:

    Skyline Corporate Communications Group, LLC
    Scott Powell, President
    1177 Avenue of the Americas, 5th Floor
    New York, New York 10036
    Office: (646) 893-5835
    Email: info@skylineccg.com

    The MIL Network –

    June 21, 2025
  • MIL-OSI Global: What is CREC? The Christian nationalist group has a vision for America − and Defense Secretary Pete Hegseth’s support

    Source: The Conversation – USA – By Samuel Perry, Associate Professor, Baylor University

    U.S. Defense Secretary Pete Hegseth, right, at a prayer during a Cabinet meeting at the White House on Feb. 26, 2025, in Washington, D.C. Andrew Harnik/Getty Images

    Defense Secretary Pete Hegseth’s affiliation with the Communion of Reformed Evangelical Churches – commonly called the CREC – drew attention even before his confirmation hearings in January 2025. More recently, media reports highlighted a Pentagon prayer led by Hegseth and his pastor, Brooks Potteiger, in which they praised President Donald Trump, who they said was divinely appointed.

    As a scholar of the Christian right, I have studied the CREC. Hegseth’s membership in a church that belongs to the CREC drew attention because prominent members of the church identify as Christian nationalists, and because of its positions on issues concerning gender, sexuality and the separation of church and state.

    The CREC is most easily understood through three main parts: churches, schools and media.

    What is the CREC?

    The CREC church is a network of churches. It is associated with the congregation of Doug Wilson, the pastor who founded Christ Church in Moscow, Idaho. Wilson grew up in the town, where his father was an evangelical minister.

    Wilson co-founded the CREC in 1993 and is the public figure most associated with the network of churches. Christ Church operates as the hub for Logos Schools, Canon Press and New Saint Andrews College, all located in Moscow. Logos is a set of private schools and homeschooling curriculum, Canon Press is a publishing house and media company, and New Saint Andrews College is a university, all of which were founded by Wilson and associated with Christ Church. All espouse the view that Christians are at odds with – or at war with – secular society.

    While he is not Hegseth’s pastor, Wilson is the most influential voice in the CREC, and the two men have spoken approvingly of one another.

    Pastor Douglas Wilson leads others at a protest in Moscow, Idaho.
    Geoff Crimmins/The Moscow-Pullman Daily News, CC BY-SA

    As Wilson steadily grew Christ Church in Moscow, he and its members sought to spread their message by making Moscow a conservative town and establishing churches beyond it. Of his hometown, Wilson plainly states, “Our desire is to make Moscow a Christian town.”

    The CREC doctrine is opposed to religious pluralism or political points of view that diverge from CREC theology. On its website, the CREC says that it is “committed to maintaining its Reformed faith, avoiding the pitfalls of cultural relevance and political compromise that destroys our doctrinal integrity.”

    CREC churches adhere to a highly patriarchal and conservative interpretation of Scripture. Wilson has said that in a sexual relationship, “A woman receives, surrenders, accepts.”

    In a broader political sense, CREC theology includes the belief that the establishment clause of the Constitution does not require a separation of church and state. The most common reading of the establishment clause is that freedom of religion precludes the installation of a state religion or religious tests to hold state office.

    The CREC broadly asserts that the government and anyone serving in it should be Christian. For Wilson and members of CREC churches, this means Christians and only Christians are qualified to hold political office in the United States.

    Researcher Matthew Taylor explained in an interview with the Nashville Tennessean, “They believe the church is supposed to be militant in the world, is supposed to be reforming the world, and in some ways conquering the world.”

    While the CREC may not have the name recognition of some large evangelical denominations or the visibility of some megachurches, it boasts churches across the United States and internationally. The CREC website claims to have over 130 churches and parishes spread across North America, Europe, Asia and South America.

    Like some other evangelical denominations, the CREC uses “church planting” to grow its network. Plant churches do not require a centralized governing body to ordain their founding. Instead, those interested in starting a CREC congregation contact the CREC. The CREC then provides materials and literature for people to use in their church.

    CREC schools, home schools and colleges

    The CREC’s expansion also owes a debt to Wilson’s entrepreneurship. As the church expanded, Wilson founded an associated K-12 school called “Logos” in September 1981, which since then has grown into a network of many schools.

    In conjunction with its growth, Logos develops and sells “classical Christian” curriculum to private schools and home-school families through Logos Press. Classical Christian Schools aim to develop what they consider a biblical worldview. In addition to religious studies, they focus on classic texts from Greece and Rome. They have grown in popularity in recent years, especially among conservatives.

    Logos’ classical Christian curriculum is designed to help parents “raise faithful, dangerous Christian kids who impact the world for Christ and leave craters in the world of secularism.” Logos press regularly asserts, “education is warfare.”

    According to the website, Logos schools enroll more than 2,000 students across 16 countries. Logos also has its own press that supplies the curriculum to all of these schools. On the heels of Logos’ success, Wilson founded the Association of Classical Christian Schools in 1993 as an accrediting body for like-minded schools. The ACCS now boast 500 schools and more than 50,000 students across the United States and around the world.

    Additionally, Wilson founded New Saint Andrews College in Moscow, Idaho. New Saint Andrews is a Christian university that takes the classical Christian approach to education championed by Wilson into higher education.

    The New Saint Andrews College is consistent with other CREC institutions. It considers secularism a weakness of other universities and society more generally. Its website explains: “New Saint Andrews has long held a principled and clear voice, championing the truth of God’s word and ways, while so many other colleges veer into softness and secularism.” The school is governed by the elders of Christ Church and does not accept federal funding.

    CREC media

    In addition to the Logos Press, which produces the CREC school curriculum, Wilson founded Canon Press. Canon Press produces books, podcasts, a YouTube channel and assorted merchandise including apparel and weapons, such as a flamethrower. The YouTube channel has over 100,000 followers.

    Books published by Canon include children’s picture books to manuals on masculinity. A number of books continue the theme of warfare.

    The politics page of the press contains many books on Christian nationalism. Christian political theorist Stephen Wolfe’s book “The Case for Christian Nationalism” is one of the most popular among books on Christian nationalism. The website has dozens of books on Christian nationalism and media dedicated to the construction of a Christian government.

    Author Joe Rigney, a fellow of theology at New Saint Andrews College and an associate pastor at Christ Church, warns of the “Sin of Empathy.” Rigney claims that empathizing with others is sinful because it requires compromise and makes one vulnerable in the fight against evil.

    CREC controversies

    Pete Hegseth at his confirmation hearing in Washington, D.C., on Jan. 14, 2025.
    AP Photo/Alex Brandon

    As the church network has grown, it has drawn attention and scrutiny. Wilson’s 1996 publication of a book positively depicting slavery and claiming slavery cultivated “affection among the races” drew national attention.

    Accusations of sexual abuse and the church’s handling of it have also brought national news coverage. Vice’s Sarah Stankorb interviewed many women who talked about a culture, especially in marriage, where sexual abuse and assault is common. The Vice reporting led to a podcast that details the accounts of survivors. In interviews, Wilson has denied any wrongdoing and said that claims of sexual abuse will be directed to the proper authorities.

    Hegseth’s actions as secretary of defense concerning gender identity and banning trans people from serving in the military, in addition to stripping gay activist and politician Harvey Milk’s name from a Navy ship, have brought more attention to the CREC. I believe that given Hegseth’s role as secretary of defense, his affiliation with the CREC will likely remain a topic of conversation throughout the Trump presidency.

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

    – ref. What is CREC? The Christian nationalist group has a vision for America − and Defense Secretary Pete Hegseth’s support – https://theconversation.com/what-is-crec-the-christian-nationalist-group-has-a-vision-for-america-and-defense-secretary-pete-hegseths-support-258273

    MIL OSI – Global Reports –

    June 21, 2025
  • MIL-OSI Global: What is CREC? The Christian nationalist group has a vision for America − and Defense Secretary Pete Hegseth’s support

    Source: The Conversation – USA – By Samuel Perry, Associate Professor, Baylor University

    U.S. Defense Secretary Pete Hegseth, right, at a prayer during a Cabinet meeting at the White House on Feb. 26, 2025, in Washington, D.C. Andrew Harnik/Getty Images

    Defense Secretary Pete Hegseth’s affiliation with the Communion of Reformed Evangelical Churches – commonly called the CREC – drew attention even before his confirmation hearings in January 2025. More recently, media reports highlighted a Pentagon prayer led by Hegseth and his pastor, Brooks Potteiger, in which they praised President Donald Trump, who they said was divinely appointed.

    As a scholar of the Christian right, I have studied the CREC. Hegseth’s membership in a church that belongs to the CREC drew attention because prominent members of the church identify as Christian nationalists, and because of its positions on issues concerning gender, sexuality and the separation of church and state.

    The CREC is most easily understood through three main parts: churches, schools and media.

    What is the CREC?

    The CREC church is a network of churches. It is associated with the congregation of Doug Wilson, the pastor who founded Christ Church in Moscow, Idaho. Wilson grew up in the town, where his father was an evangelical minister.

    Wilson co-founded the CREC in 1993 and is the public figure most associated with the network of churches. Christ Church operates as the hub for Logos Schools, Canon Press and New Saint Andrews College, all located in Moscow. Logos is a set of private schools and homeschooling curriculum, Canon Press is a publishing house and media company, and New Saint Andrews College is a university, all of which were founded by Wilson and associated with Christ Church. All espouse the view that Christians are at odds with – or at war with – secular society.

    While he is not Hegseth’s pastor, Wilson is the most influential voice in the CREC, and the two men have spoken approvingly of one another.

    Pastor Douglas Wilson leads others at a protest in Moscow, Idaho.
    Geoff Crimmins/The Moscow-Pullman Daily News, CC BY-SA

    As Wilson steadily grew Christ Church in Moscow, he and its members sought to spread their message by making Moscow a conservative town and establishing churches beyond it. Of his hometown, Wilson plainly states, “Our desire is to make Moscow a Christian town.”

    The CREC doctrine is opposed to religious pluralism or political points of view that diverge from CREC theology. On its website, the CREC says that it is “committed to maintaining its Reformed faith, avoiding the pitfalls of cultural relevance and political compromise that destroys our doctrinal integrity.”

    CREC churches adhere to a highly patriarchal and conservative interpretation of Scripture. Wilson has said that in a sexual relationship, “A woman receives, surrenders, accepts.”

    In a broader political sense, CREC theology includes the belief that the establishment clause of the Constitution does not require a separation of church and state. The most common reading of the establishment clause is that freedom of religion precludes the installation of a state religion or religious tests to hold state office.

    The CREC broadly asserts that the government and anyone serving in it should be Christian. For Wilson and members of CREC churches, this means Christians and only Christians are qualified to hold political office in the United States.

    Researcher Matthew Taylor explained in an interview with the Nashville Tennessean, “They believe the church is supposed to be militant in the world, is supposed to be reforming the world, and in some ways conquering the world.”

    While the CREC may not have the name recognition of some large evangelical denominations or the visibility of some megachurches, it boasts churches across the United States and internationally. The CREC website claims to have over 130 churches and parishes spread across North America, Europe, Asia and South America.

    Like some other evangelical denominations, the CREC uses “church planting” to grow its network. Plant churches do not require a centralized governing body to ordain their founding. Instead, those interested in starting a CREC congregation contact the CREC. The CREC then provides materials and literature for people to use in their church.

    CREC schools, home schools and colleges

    The CREC’s expansion also owes a debt to Wilson’s entrepreneurship. As the church expanded, Wilson founded an associated K-12 school called “Logos” in September 1981, which since then has grown into a network of many schools.

    In conjunction with its growth, Logos develops and sells “classical Christian” curriculum to private schools and home-school families through Logos Press. Classical Christian Schools aim to develop what they consider a biblical worldview. In addition to religious studies, they focus on classic texts from Greece and Rome. They have grown in popularity in recent years, especially among conservatives.

    Logos’ classical Christian curriculum is designed to help parents “raise faithful, dangerous Christian kids who impact the world for Christ and leave craters in the world of secularism.” Logos press regularly asserts, “education is warfare.”

    According to the website, Logos schools enroll more than 2,000 students across 16 countries. Logos also has its own press that supplies the curriculum to all of these schools. On the heels of Logos’ success, Wilson founded the Association of Classical Christian Schools in 1993 as an accrediting body for like-minded schools. The ACCS now boast 500 schools and more than 50,000 students across the United States and around the world.

    Additionally, Wilson founded New Saint Andrews College in Moscow, Idaho. New Saint Andrews is a Christian university that takes the classical Christian approach to education championed by Wilson into higher education.

    The New Saint Andrews College is consistent with other CREC institutions. It considers secularism a weakness of other universities and society more generally. Its website explains: “New Saint Andrews has long held a principled and clear voice, championing the truth of God’s word and ways, while so many other colleges veer into softness and secularism.” The school is governed by the elders of Christ Church and does not accept federal funding.

    CREC media

    In addition to the Logos Press, which produces the CREC school curriculum, Wilson founded Canon Press. Canon Press produces books, podcasts, a YouTube channel and assorted merchandise including apparel and weapons, such as a flamethrower. The YouTube channel has over 100,000 followers.

    Books published by Canon include children’s picture books to manuals on masculinity. A number of books continue the theme of warfare.

    The politics page of the press contains many books on Christian nationalism. Christian political theorist Stephen Wolfe’s book “The Case for Christian Nationalism” is one of the most popular among books on Christian nationalism. The website has dozens of books on Christian nationalism and media dedicated to the construction of a Christian government.

    Author Joe Rigney, a fellow of theology at New Saint Andrews College and an associate pastor at Christ Church, warns of the “Sin of Empathy.” Rigney claims that empathizing with others is sinful because it requires compromise and makes one vulnerable in the fight against evil.

    CREC controversies

    Pete Hegseth at his confirmation hearing in Washington, D.C., on Jan. 14, 2025.
    AP Photo/Alex Brandon

    As the church network has grown, it has drawn attention and scrutiny. Wilson’s 1996 publication of a book positively depicting slavery and claiming slavery cultivated “affection among the races” drew national attention.

    Accusations of sexual abuse and the church’s handling of it have also brought national news coverage. Vice’s Sarah Stankorb interviewed many women who talked about a culture, especially in marriage, where sexual abuse and assault is common. The Vice reporting led to a podcast that details the accounts of survivors. In interviews, Wilson has denied any wrongdoing and said that claims of sexual abuse will be directed to the proper authorities.

    Hegseth’s actions as secretary of defense concerning gender identity and banning trans people from serving in the military, in addition to stripping gay activist and politician Harvey Milk’s name from a Navy ship, have brought more attention to the CREC. I believe that given Hegseth’s role as secretary of defense, his affiliation with the CREC will likely remain a topic of conversation throughout the Trump presidency.

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

    – ref. What is CREC? The Christian nationalist group has a vision for America − and Defense Secretary Pete Hegseth’s support – https://theconversation.com/what-is-crec-the-christian-nationalist-group-has-a-vision-for-america-and-defense-secretary-pete-hegseths-support-258273

    MIL OSI – Global Reports –

    June 21, 2025
  • MIL-OSI Global: How artificial intelligence controls your health insurance coverage

    Source: The Conversation – USA – By Jennifer D. Oliva, Professor of Law, Indiana University

    Evidence suggests that insurance companies use AI to delay or limit health care that patients need. FatCameraE+ via Getty Images

    Over the past decade, health insurance companies have increasingly embraced the use of artificial intelligence algorithms. Unlike doctors and hospitals, which use AI to help diagnose and treat patients, health insurers use these algorithms to decide whether to pay for health care treatments and services that are recommended by a given patient’s physicians.

    One of the most common examples is prior authorization, which is when your doctor needs to
    receive payment approval from your insurance company before providing you care. Many insurers use an algorithm to decide whether the requested care is “medically necessary” and should be covered.

    These AI systems also help insurers decide how much care a patient is entitled to — for example, how many days of hospital care a patient can receive after surgery.

    If an insurer declines to pay for a treatment your doctor recommends, you usually have three options. You can try to appeal the decision, but that process can take a lot of time, money and expert help. Only 1 in 500 claim denials are appealed. You can agree to a different treatment that your insurer will cover. Or you can pay for the recommended treatment yourself, which is often not realistic because of high health care costs.

    As a legal scholar who studies health law and policy, I’m concerned about how insurance algorithms affect people’s health. Like with AI algorithms used by doctors and hospitals, these tools can potentially improve care and reduce costs. Insurers say that AI helps them make quick, safe decisions about what care is necessary and avoids wasteful or harmful treatments.

    But there’s strong evidence that the opposite can be true. These systems are sometimes used to delay or deny care that should be covered, all in the name of saving money.

    A pattern of withholding care

    Presumably, companies feed a patient’s health care records and other relevant information into health care coverage algorithms and compare that information with current medical standards of care to decide whether to cover the patient’s claim. However, insurers have refused to disclose how these algorithms work in making such decisions, so it is impossible to say exactly how they operate in practice.

    Using AI to review coverage saves insurers time and resources, especially because it means fewer medical professionals are needed to review each case. But the financial benefit to insurers doesn’t stop there. If an AI system quickly denies a valid claim, and the patient appeals, that appeal process can take years. If the patient is seriously ill and expected to die soon, the insurance company might save money simply by dragging out the process in the hope that the patient dies before the case is resolved.

    Insurers say that if they decline to cover a medical intervention, patients can pay for it out of pocket.

    This creates the disturbing possibility that insurers might use algorithms to withhold care for expensive, long-term or terminal health problems , such as chronic or other debilitating disabilities. One reporter put it bluntly: “Many older adults who spent their lives paying into Medicare now face amputation or cancer and are forced to either pay for care themselves or go without.”

    Research supports this concern – patients with chronic illnesses are more likely to be denied coverage and suffer as a result. In addition, Black and Hispanic people and those of other nonwhite ethnicities, as well as people who identify as lesbian, gay, bisexual or transgender, are more likely to experience claims denials. Some evidence also suggests that prior authorization may increase rather than decrease health care system costs.

    Insurers argue that patients can always pay for any treatment themselves, so they’re not really being denied care. But this argument ignores reality. These decisions have serious health consequences, especially when people can’t afford the care they need.

    Moving toward regulation

    Unlike medical algorithms, insurance AI tools are largely unregulated. They don’t have to go through Food and Drug Administration review, and insurance companies often say their algorithms are trade secrets.

    That means there’s no public information about how these tools make decisions, and there’s no outside testing to see whether they’re safe, fair or effective. No peer-reviewed studies exist to show how well they actually work in the real world.

    There does seem to be some momentum for change. The Centers for Medicare & Medicaid Services, or CMS, which is the federal agency in charge of Medicare and Medicaid, recently announced that insurers in Medicare Advantage plans must base decisions on the needs of individual patients – not just on generic criteria. But these rules still let insurers create their own decision-making standards, and they still don’t require any outside testing to prove their systems work before using them. Plus, federal rules can only regulate federal public health programs like Medicare. They do not apply to private insurers who do not provide federal health program coverage.

    Some states, including Colorado, Georgia, Florida, Maine and Texas, have proposed laws to rein in insurance AI. A few have passed new laws, including a 2024 California statute that requires a licensed physician to supervise the use of insurance coverage algorithms.

    But most state laws suffer from the same weaknesses as the new CMS rule. They leave too much control in the hands of insurers to decide how to define “medical necessity” and in what contexts to use algorithms for coverage decisions. They also don’t require those algorithms to be reviewed by neutral experts before use. And even strong state laws wouldn’t be enough, because states generally can’t regulate Medicare or insurers that operate outside their borders.

    A role for the FDA

    In the view of many health law experts, the gap between insurers’ actions and patient needs has become so wide that regulating health care coverage algorithms is now imperative. As I argue in an essay to be published in the Indiana Law Journal, the FDA is well positioned to do so.

    The FDA is staffed with medical experts who have the capability to evaluate insurance algorithms before they are used to make coverage decisions. The agency already reviews many medical AI tools for safety and effectiveness. FDA oversight would also provide a uniform, national regulatory scheme instead of a patchwork of rules across the country.

    Some people argue that the FDA’s power here is limited. For the purposes of FDA regulation, a medical device is defined as an instrument “intended for use in the diagnosis of disease or other conditions, or in the cure, mitigation, treatment, or prevention of disease.” Because health insurance algorithms are not used to diagnose, treat or prevent disease, Congress may need to amend the definition of a medical device before the FDA can regulate those algorithms.

    If the FDA’s current authority isn’t enough to cover insurance algorithms, Congress could change the law to give it that power. Meanwhile, CMS and state governments could require independent testing of these algorithms for safety, accuracy and fairness. That might also push insurers to support a single national standard – like FDA regulation – instead of facing a patchwork of rules across the country.

    The move toward regulating how health insurers use AI in determining coverage has clearly begun, but it is still awaiting a robust push. Patients’ lives are literally on the line.

    Jennifer D. Oliva currently receives funding from NIDA to research the impact of pharmaceutical industry messaging on the opioid crisis among U.S. Military Veterans. She is affiliated with the UCSF/University of California College of the Law, San Francisco Consortium on Law, Science & Health Policy and Georgetown University Law Center O’Neill Institute for National & Global Health Law.

    – ref. How artificial intelligence controls your health insurance coverage – https://theconversation.com/how-artificial-intelligence-controls-your-health-insurance-coverage-253602

    MIL OSI – Global Reports –

    June 21, 2025
  • MIL-OSI Global: How artificial intelligence controls your health insurance coverage

    Source: The Conversation – USA – By Jennifer D. Oliva, Professor of Law, Indiana University

    Evidence suggests that insurance companies use AI to delay or limit health care that patients need. FatCameraE+ via Getty Images

    Over the past decade, health insurance companies have increasingly embraced the use of artificial intelligence algorithms. Unlike doctors and hospitals, which use AI to help diagnose and treat patients, health insurers use these algorithms to decide whether to pay for health care treatments and services that are recommended by a given patient’s physicians.

    One of the most common examples is prior authorization, which is when your doctor needs to
    receive payment approval from your insurance company before providing you care. Many insurers use an algorithm to decide whether the requested care is “medically necessary” and should be covered.

    These AI systems also help insurers decide how much care a patient is entitled to — for example, how many days of hospital care a patient can receive after surgery.

    If an insurer declines to pay for a treatment your doctor recommends, you usually have three options. You can try to appeal the decision, but that process can take a lot of time, money and expert help. Only 1 in 500 claim denials are appealed. You can agree to a different treatment that your insurer will cover. Or you can pay for the recommended treatment yourself, which is often not realistic because of high health care costs.

    As a legal scholar who studies health law and policy, I’m concerned about how insurance algorithms affect people’s health. Like with AI algorithms used by doctors and hospitals, these tools can potentially improve care and reduce costs. Insurers say that AI helps them make quick, safe decisions about what care is necessary and avoids wasteful or harmful treatments.

    But there’s strong evidence that the opposite can be true. These systems are sometimes used to delay or deny care that should be covered, all in the name of saving money.

    A pattern of withholding care

    Presumably, companies feed a patient’s health care records and other relevant information into health care coverage algorithms and compare that information with current medical standards of care to decide whether to cover the patient’s claim. However, insurers have refused to disclose how these algorithms work in making such decisions, so it is impossible to say exactly how they operate in practice.

    Using AI to review coverage saves insurers time and resources, especially because it means fewer medical professionals are needed to review each case. But the financial benefit to insurers doesn’t stop there. If an AI system quickly denies a valid claim, and the patient appeals, that appeal process can take years. If the patient is seriously ill and expected to die soon, the insurance company might save money simply by dragging out the process in the hope that the patient dies before the case is resolved.

    Insurers say that if they decline to cover a medical intervention, patients can pay for it out of pocket.

    This creates the disturbing possibility that insurers might use algorithms to withhold care for expensive, long-term or terminal health problems , such as chronic or other debilitating disabilities. One reporter put it bluntly: “Many older adults who spent their lives paying into Medicare now face amputation or cancer and are forced to either pay for care themselves or go without.”

    Research supports this concern – patients with chronic illnesses are more likely to be denied coverage and suffer as a result. In addition, Black and Hispanic people and those of other nonwhite ethnicities, as well as people who identify as lesbian, gay, bisexual or transgender, are more likely to experience claims denials. Some evidence also suggests that prior authorization may increase rather than decrease health care system costs.

    Insurers argue that patients can always pay for any treatment themselves, so they’re not really being denied care. But this argument ignores reality. These decisions have serious health consequences, especially when people can’t afford the care they need.

    Moving toward regulation

    Unlike medical algorithms, insurance AI tools are largely unregulated. They don’t have to go through Food and Drug Administration review, and insurance companies often say their algorithms are trade secrets.

    That means there’s no public information about how these tools make decisions, and there’s no outside testing to see whether they’re safe, fair or effective. No peer-reviewed studies exist to show how well they actually work in the real world.

    There does seem to be some momentum for change. The Centers for Medicare & Medicaid Services, or CMS, which is the federal agency in charge of Medicare and Medicaid, recently announced that insurers in Medicare Advantage plans must base decisions on the needs of individual patients – not just on generic criteria. But these rules still let insurers create their own decision-making standards, and they still don’t require any outside testing to prove their systems work before using them. Plus, federal rules can only regulate federal public health programs like Medicare. They do not apply to private insurers who do not provide federal health program coverage.

    Some states, including Colorado, Georgia, Florida, Maine and Texas, have proposed laws to rein in insurance AI. A few have passed new laws, including a 2024 California statute that requires a licensed physician to supervise the use of insurance coverage algorithms.

    But most state laws suffer from the same weaknesses as the new CMS rule. They leave too much control in the hands of insurers to decide how to define “medical necessity” and in what contexts to use algorithms for coverage decisions. They also don’t require those algorithms to be reviewed by neutral experts before use. And even strong state laws wouldn’t be enough, because states generally can’t regulate Medicare or insurers that operate outside their borders.

    A role for the FDA

    In the view of many health law experts, the gap between insurers’ actions and patient needs has become so wide that regulating health care coverage algorithms is now imperative. As I argue in an essay to be published in the Indiana Law Journal, the FDA is well positioned to do so.

    The FDA is staffed with medical experts who have the capability to evaluate insurance algorithms before they are used to make coverage decisions. The agency already reviews many medical AI tools for safety and effectiveness. FDA oversight would also provide a uniform, national regulatory scheme instead of a patchwork of rules across the country.

    Some people argue that the FDA’s power here is limited. For the purposes of FDA regulation, a medical device is defined as an instrument “intended for use in the diagnosis of disease or other conditions, or in the cure, mitigation, treatment, or prevention of disease.” Because health insurance algorithms are not used to diagnose, treat or prevent disease, Congress may need to amend the definition of a medical device before the FDA can regulate those algorithms.

    If the FDA’s current authority isn’t enough to cover insurance algorithms, Congress could change the law to give it that power. Meanwhile, CMS and state governments could require independent testing of these algorithms for safety, accuracy and fairness. That might also push insurers to support a single national standard – like FDA regulation – instead of facing a patchwork of rules across the country.

    The move toward regulating how health insurers use AI in determining coverage has clearly begun, but it is still awaiting a robust push. Patients’ lives are literally on the line.

    Jennifer D. Oliva currently receives funding from NIDA to research the impact of pharmaceutical industry messaging on the opioid crisis among U.S. Military Veterans. She is affiliated with the UCSF/University of California College of the Law, San Francisco Consortium on Law, Science & Health Policy and Georgetown University Law Center O’Neill Institute for National & Global Health Law.

    – ref. How artificial intelligence controls your health insurance coverage – https://theconversation.com/how-artificial-intelligence-controls-your-health-insurance-coverage-253602

    MIL OSI – Global Reports –

    June 21, 2025
  • MIL-OSI Russia: Russia is becoming a key player in the new architecture of the global economy

    Translation. Region: Russian Federal

    Source: State University Higher School of Economics – State University Higher School of Economics –

    The geopolitical fragmentation of the global economy opens up new opportunities for Russia to cooperate with the countries of the Global South and strengthen its own role in global processes. This is stated in the HSE report presented at the St. Petersburg International Economic Forum as part of the VTB session.

    Analysts emphasize that the global economy is currently divided into three large blocs – the United States, China and non-aligned countries, which is accompanied by a reduction in trade and investment between them by 12% and 20% since 2022. Despite this, developing countries are increasing their share in world trade: the volume of trade between the countries of the Global South has grown from $2.3 trillion in 2007 to $5.6 trillion in 2023. This indicates the formation of new economic ties and growth centers.

    The report notes that the reversal of trade imbalances in 2024 – with the US deficit widening and China’s surplus rising, and the EU moving into positive balance – creates risks of new trade wars and investment reallocation, requiring companies to diversify supplies and expand their partner networks. Logistics challenges caused by conflicts in the Middle East and problems in the Suez and Panama Canals are stimulating the development of alternative routes, including the Northern Sea Route and “green corridors” for the accelerated delivery of critical cargo.

    Particular attention is paid to the role of the so-called connector countries – Malaysia, Vietnam and India, which are strengthening trade ties with individual partners, while Russia, Australia and the EU are reducing their dependence on traditional markets, which contributes to the formation of sustainable regional trade turnover.

    In the Russian context, experts note that human capital is becoming the main resource for economic growth: the average length of education for Russians aged 25–44 is 14 years, which is higher than in the US and Europe, but further investment in science and R&D is needed to realize this potential. In the context of the crisis, Russia has seen an increase in the production of high-tech products, the development of domestic tourism and paid services, as well as an increase in exports, which are less sensitive to sanctions.

    Investment activity is most noticeable in the small and medium enterprise sector and in the production of investment goods, which contributes to the diversification of the economy and the creation of new jobs. Key challenges include tightening monetary policy, rising credit costs, labor shortages and tax pressure, especially in the manufacturing industry.

    The authors of the report emphasize that a balanced budget policy and support for those employed in the public sector are necessary for macroeconomic stability, and sustainable growth is possible only with the simultaneous strengthening of the internal and external sustainability of the economy. In conditions of turbulence, Russia can play a key role in the formation of a new architecture of the global economy, focused on cooperation with the countries of the Global South and the creation of alternative development models.

    The report was prepared as part of the VTB session “In Search of New Sources of Growth: Is a Different Model of Global Financial and Trade Architecture Possible” at the St. Petersburg International Economic Forum. The session was attended by: Andrey Kostin, President and Chairman of the Management Board of VTB Bank; Yaroslav Kuzminov, Academic Director of the Higher School of Economics; Ahmed bin Mohammed Al Sayyed, Minister of State for Foreign Trade of Qatar; Oleg Deripaska, Founder, En Group; Serhat Keksal, President of the Black Sea Trade and Development Bank; Alexey Overchuk, Deputy Prime Minister of the Russian Federation; Benedict Okey Oramah, President and Chairman of the Board of Directors of Afreximbank; Anton Siluanov, Minister of Finance of the Russian Federation.

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

    MIL OSI Russia News –

    June 21, 2025
  • MIL-OSI China: 3rd China-ASEAN Defense Think Tank Exchange kicks off 2025-06-20 19:28:59 The third China-ASEAN Defense Think Tank Exchange kicked off in Guiyang City, southwest China’s Guizhou Province on June 19, 2025.

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

      By Wang Hui and Xing Yang

      The third China-ASEAN Defense Think Tank Exchange kicks off in Guiyang City, southwest China’s Guizhou Province on June 19, 2025.

      GUIYANG, China, June 20 — The third China-ASEAN Defense Think Tank Exchange kicked off in Guiyang City, southwest China’s Guizhou Province on June 19, 2025. More than 160 participants including defense policy officials, relevant experts and scholars, and representatives of think tanks from China, ASEAN countries, and Timor-Leste attended the event.

      Themed on “Jointly Promote Regional Peace and Build a Safe and Secure Home”, the three-day event is hosted by the Academy of Military Sciences of the Chinese People’s Liberation Army (PLA).

      During the event, the representatives had in-depth discussions on the central topic of “Shared Future: Current Situation and Vision of China-ASEAN Defense Cooperation”. They reviewed the positive progress made in China-ASEAN defense cooperation, analyzed new opportunities and challenges in the current regional security situation, and shared views on how to deepen mutual trust, expand fields of cooperation, innovate in cooperation mechanisms, and effectively respond to common security threats. They will also have deeper exchanges on four key topics, namely “Roles of ASEAN in the Evolving International Landscape”, “Institutional Innovation in Regional Security Architecture”, “Cooperation in Maritime Security and Crisis Management”, and “Military Applications and Governance of Emerging Technologies”.

      The first China-ASEAN Defense Think Tank Exchange was held in October 2019.

      Participants from home and abroad attend the third China-ASEAN Defense Think Tank Exchange in Guiyang City, southwest China’s Guizhou Province on June 19, 2025.

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    MIL OSI China News –

    June 21, 2025
  • MIL-OSI China: Singaporean PM to visit China

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

    Singaporean Prime Minister Lawrence Wong will pay an official visit to China from June 22 to 26 at the invitation of Chinese Premier Li Qiang, a Chinese foreign ministry spokesperson announced on Friday.

    Prime Minister Lawrence Wong chooses China as his first visit destination outside ASEAN since taking office in May, and this fully demonstrates the great importance he attaches to the development of China-Singapore relations, spokesperson Guo Jiakun told a regular press briefing.

    During the visit, Chinese President Xi Jinping will meet with Wong. Premier Li Qiang will hold talks with Wong, and Zhao Leji, chairman of the National People’s Congress Standing Committee, will meet with him. The two sides will engage in an in-depth exchange of views on China-Singapore relations, as well as international and regional issues of mutual concern, Guo said.

    Under the strategic guidance of the leaders of both countries, China-Singapore relations have maintained positive momentum, Guo said, adding that in 2023, the leaders of the two countries announced the establishment of an all-round high-quality future-oriented partnership between China and Singapore, which provides direction for the development of bilateral relations in the new era.

    This year marks the 35th anniversary of the establishment of diplomatic relations between China and Singapore, Guo noted, adding that China looks forward to enhancing strategic communication with Singapore through this visit. It is also looking forward to deepening cooperation with Singapore in various fields, jointly upholding multilateralism and free trade, and promoting the greater development of China-Singapore relations at a new starting point. 

    MIL OSI China News –

    June 21, 2025
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